Latest / Early Edition with Ryan Bridge / Full Show Podcast: 10 April 2025

Transcript

Full Show Podcast: 10 April 2025 · Early Edition with Ryan Bridge

• 0:01
  Speaker 1: The issues, the interviews and the insight.
• 0:05
  Speaker 2: Andrew Dickens on early edition with one roof make your
• 0:09
  Speaker 2: Property search simple news talks.
• 0:11
  Speaker 3: It'd be as goodbrding to you. Welcome to the program,
• 0:14
  Speaker 3: Welcome to your Thursday. And what's happening in the next
• 0:16
  Speaker 3: sixty minutes? Well MEEWA and met service out to merge. Now,
• 0:20
  Speaker 3: why we're there two weather agencies in the first place?
• 0:23
  Speaker 3: And will one agency mean the forecast will be right?
• 0:27
  Speaker 3: Independent forecast? The Philip A dun Philipper Philip duncan excuse me, Philip,
• 0:32
  Speaker 3: Philip will be with me in about five minutes time
• 0:35
  Speaker 3: by New Zealand Maid they say, And now the government says,
• 0:38
  Speaker 3: how buy wool carpets and their projects? What does that
• 0:40
  Speaker 3: mean for this fantastic fiber That story in ten our
• 0:44
  Speaker 3: thoughts on the curious case of Benjamin Doyle, just before
• 0:47
  Speaker 3: the five thirty and what is the Reserve Bank really
• 0:50
  Speaker 3: saying about the global economy. We've got Brad Olson in
• 0:52
  Speaker 3: just before six. We'll have these stories past Emit McCann
• 0:55
  Speaker 3: from the United States of America and correspondence from right
• 0:58
  Speaker 3: around New Zealand and news as it breaks, and you
• 1:01
  Speaker 3: can have your save giving me a text. The text
• 1:03
  Speaker 3: number ninety two ninety two. A small charge applies at
• 1:06
  Speaker 3: seven after five the agenda and it's Thursday, the tenth
• 1:12
  Speaker 3: of April and first of the Dominican Republic, where at
• 1:16
  Speaker 3: least one hundred and twenty four people have now died
• 1:19
  Speaker 3: and more than one hundred and fifty have been injured
• 1:21
  Speaker 3: after a roof collapsed at the nightclub in the capital
• 1:24
  Speaker 3: Santo Domingo. Hundreds of rescue workers are still continuing to
• 1:27
  Speaker 3: search for survivors of the incident, which happened just before
• 1:30
  Speaker 3: one am local time at the jet Set Club. Guests
• 1:34
  Speaker 3: of the nightclub were attending a concert. Tragically, the singer
• 1:38
  Speaker 3: Ravi Perez has been confirmed dead, along with Major League
• 1:41
  Speaker 3: Baseball players Octavio Dotel and Tony Blanco, and a provincial
• 1:45
  Speaker 3: governor also dies in the incident.
• 1:48
  Speaker 4: Well.
• 1:48
  Speaker 5: Among the people that are confirmed that are two former
• 1:53
  Speaker 5: MLB players major League Baseball players, there's also the governor
• 1:57
  Speaker 5: of a local province.
• 1:59
  Speaker 6: Here.
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  Speaker 5: In fact, that governor, as she was buried underneath the rubble,
• 2:04
  Speaker 5: called the precedence of the Dominican Republic to let the
• 2:08
  Speaker 5: President know what was going on now.
• 2:11
  Speaker 3: The tariff turmoil, it continues. China has now announced an
• 2:16
  Speaker 3: eighty four percent tariff on US imports. This comes after
• 2:19
  Speaker 3: Trump imposed a one hundred and four percent tariff on
• 2:23
  Speaker 3: Chinese goods entering the US.
• 2:25
  Speaker 7: Right now, China's paying a one hundred and four percent
• 2:29
  Speaker 7: tarraff think of it, one hundred and four percent now,
• 2:34
  Speaker 7: it sounds ridiculous, but they charged US for many items
• 2:37
  Speaker 7: one hundred percent, one hundred and twenty five percent. Many
• 2:40
  Speaker 7: countries have They've ripped us off left and right.
• 2:43
  Speaker 1: But now it's our turn to do the ripping.
• 2:47
  Speaker 3: But do they anyway? To Europe, and the European Union
• 2:51
  Speaker 3: has voted to join China and Canada in pushing back
• 2:53
  Speaker 3: against the tariffs. The EU is set to impose extra duties,
• 2:57
  Speaker 3: mostly of about twenty five percent citaly not one hundred percent,
• 3:00
  Speaker 3: on a range of US imports that these view tariffs
• 3:03
  Speaker 3: will take effect from the fifteenth of April.
• 3:05
  Speaker 8: Pease measures have an impact on markets, on the economy,
• 3:10
  Speaker 8: to wilder pressure on the administration to back off, so
• 3:14
  Speaker 8: that raises questions of credibility. How credible gets it for
• 3:18
  Speaker 8: the US to maintain these measures all the time.
• 3:21
  Speaker 3: And finally, to King Charles, it was his wedding anniversary yesterday,
• 3:24
  Speaker 3: twenty years since he married Camilla. Also the same anniversary
• 3:27
  Speaker 3: of the death of his father. So that's tragic. But
• 3:29
  Speaker 3: here we go. Now, King Charles has become the first
• 3:31
  Speaker 3: British monarch to address a joint session of the Italian Parliament.
• 3:36
  Speaker 3: The King and Queen, of course, as I said, celebrated
• 3:38
  Speaker 3: their twentieth wedding anniversary on the trip to Italy. Here
• 3:41
  Speaker 3: is some of the King's speech.
• 3:43
  Speaker 9: We have benefited hugely from your influence over what we wear,
• 3:50
  Speaker 9: what we drink, and what we eat. I can only
• 3:55
  Speaker 9: hope you will forgive us for occasionally corrupting your wonderttle cuisine.
• 4:03
  Speaker 9: We do so, I promise to you with the greatest possible effect.
• 4:07
  Speaker 1: I'm only a.
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  Speaker 3: Little disappointed that I didn't hear the King speaking a
• 4:09
  Speaker 3: little bit of Italian, because I think as Italian would
• 4:11
  Speaker 3: sound marvelous. It's coming up eleven half to five.
• 4:14
  Speaker 2: On your radio and online on iHeartRadio Early edition with
• 4:19
  Speaker 2: Andrew Dickens and one roof Make Your Property Search Simple
• 4:23
  Speaker 2: Youth Talk.
• 4:24
  Speaker 3: Said be I have never been surrounded by more unemployed people.
• 4:29
  Speaker 3: Now that's partly because of my age, but also because
• 4:32
  Speaker 3: of my profession. Many of my friends are journalists, and
• 4:35
  Speaker 3: many are connected to the media, and partly because I
• 4:38
  Speaker 3: also know a lot of people who work in public service,
• 4:41
  Speaker 3: and I know a lot of people involved in businesses
• 4:44
  Speaker 3: that provide service for the public service. And then I've
• 4:47
  Speaker 3: got a whole heap of friends involved in private business
• 4:49
  Speaker 3: who are also hurting, because frankly, we're all hurting. And meanwhile,
• 4:53
  Speaker 3: the world headlines are not uplifting. Trump imposing tariffs of
• 4:57
  Speaker 3: more than one hundred percent on China can't be good
• 4:59
  Speaker 3: for anyone. But yesterday I decided I must find a
• 5:02
  Speaker 3: reason to be hopeful, and I see that in the
• 5:05
  Speaker 3: drop in the ocr The drop in the ocr is
• 5:08
  Speaker 3: a good thing, not just for our personal pockets with
• 5:10
  Speaker 3: our interest rates, but also for the dollar, which I
• 5:14
  Speaker 3: think is a very critical thing these days. The lower
• 5:16
  Speaker 3: the interest rates, the lower the dollar. Money seeks higher
• 5:20
  Speaker 3: interest rates for better returns, And in Trump's tariff war,
• 5:24
  Speaker 3: that's a good thing. You see, we're facing a ten
• 5:27
  Speaker 3: percent tariff, which makes our products ten percent more expensive
• 5:30
  Speaker 3: in America. But if our dollar remains low, perhaps the
• 5:34
  Speaker 3: price point will remain unchanged in the United States. Perhaps
• 5:38
  Speaker 3: the States won't see our stuff as expensive, maybe they'll
• 5:41
  Speaker 3: keep buying it, and therefore the impact on us might
• 5:43
  Speaker 3: be reduced. So yesterday our dollar in fact crept a
• 5:47
  Speaker 3: little higher, but I saw the ten year treasury yields climbed.
• 5:51
  Speaker 3: This is in the United States, climb to round about
• 5:54
  Speaker 3: four point four to two percent. That is the highest
• 5:57
  Speaker 3: I've been since February, and that's higher than US. Investors
• 6:00
  Speaker 3: are partly believing that bonds in the States might provide
• 6:03
  Speaker 3: greater returns amid the uncertainty surrounding the global trade dynamics.
• 6:07
  Speaker 3: So they're buying the ten percent year old. Look at
• 6:09
  Speaker 3: that four point four to two percent, Why wouldn't you. Unfortunately,
• 6:12
  Speaker 3: when it comes to thirty year bonds in the United States,
• 6:15
  Speaker 3: that's not a good story. But whatever, long may that continue.
• 6:19
  Speaker 3: Long may the United States have higher interest rates than US.
• 6:23
  Speaker 3: And let's hope our dollar remains low because that might
• 6:26
  Speaker 3: be our saving.
• 6:27
  Speaker 1: Grace Andrew Dickens.
• 6:29
  Speaker 3: Now, now I drive an EV. I don't do it
• 6:34
  Speaker 3: to save the planet. I drive one because it's plain
• 6:37
  Speaker 3: out and out cheaper, because I do big mileage. I
• 6:40
  Speaker 3: go down to the Corrimandal every fortnight. My running costs
• 6:44
  Speaker 3: are coming in at about thirty percent compared to my
• 6:47
  Speaker 3: petrol only days, so it's good for my pocket. But
• 6:50
  Speaker 3: opponents of EV's right now are feeling a little vindicated
• 6:53
  Speaker 3: by a study that came out yesterday from Auckland University
• 6:56
  Speaker 3: in a Chinese university that says evs have not contributed
• 7:00
  Speaker 3: to a drop in polluting carbon dioxide emissions. I didn't
• 7:05
  Speaker 3: need a university study to tell me that if you
• 7:08
  Speaker 3: charge your EV using electricity that is generated by burning
• 7:12
  Speaker 3: fossil fuels, then you're not helping the cause at all.
• 7:15
  Speaker 3: And that is true here in New Zealand. We have
• 7:17
  Speaker 3: a lot of renewable shore, but it's not enough, so
• 7:20
  Speaker 3: much so that Genesis reported this a couple of months ago.
• 7:23
  Speaker 3: Is importing one million tons of coal to fire up Huntly,
• 7:27
  Speaker 3: So a lot about electricity comes from burning coal. It's
• 7:30
  Speaker 3: even more true overseas. I visited Italy last year. Italy's
• 7:33
  Speaker 3: electricity generation mix consists of fifty five percent from burning
• 7:37
  Speaker 3: fossil fuels, mostly natural gas and a bit of oil,
• 7:40
  Speaker 3: and they import it all and they get about forty
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  Speaker 3: four percent from low carbon sources. So if you drive
• 7:46
  Speaker 3: an EV in Italy, you're basically driving a car powered
• 7:49
  Speaker 3: by coal or natural gas, you might as well be
• 7:53
  Speaker 3: driving petrol. In fact, refined petrol and modern cars are
• 7:56
  Speaker 3: better for the environment if you're thinking about buying a car.
• 8:00
  Speaker 3: But all of this, and I mentioned this just shows
• 8:02
  Speaker 3: the naivety and ignorance of all those greeny lovies who
• 8:05
  Speaker 3: championed the driving of evs, thinking that that alone would
• 8:08
  Speaker 3: help the environment and that would save the planet. What
• 8:11
  Speaker 3: you really need to do is support the growth of
• 8:14
  Speaker 3: renewables in the world. And what the world really needs
• 8:17
  Speaker 3: to do is find a new energy source not based
• 8:20
  Speaker 3: on burning stuff.
• 8:21
  Speaker 1: Five percent Andrew Dickens.
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  Speaker 3: So we have two weather agencies. We have NIWA and
• 8:26
  Speaker 3: we have met Service, and you'd think that's say the
• 8:28
  Speaker 3: same things, but often they don't and I never understood that.
• 8:31
  Speaker 3: But anyway, the governments decided to merge them. And is
• 8:35
  Speaker 3: that a good thing? Why did we have two in
• 8:37
  Speaker 3: the first place. Philip Duncan as an old friend of
• 8:40
  Speaker 3: mine and he launched his own independent weather service and
• 8:44
  Speaker 3: we're going to talk to him about this next on
• 8:46
  Speaker 3: Newstalk's FB.
• 8:48
  Speaker 2: Andrew Dickens on AFILI edition with one roof Make Your
• 8:52
  Speaker 2: Property Search Simple, Youth Talk.
• 8:54
  Speaker 3: Zibby seventeen minutes out to five. The government's announced legislation
• 8:58
  Speaker 3: to merge Niwa have MET Service that will be introduced
• 9:01
  Speaker 3: later this year. It's all to save money and to
• 9:03
  Speaker 3: streamline our weather forecasting service. The Minister of State Owned Enterprises,
• 9:07
  Speaker 3: Simeon Brown says, it makes absolutely no sense to have
• 9:10
  Speaker 3: two separate entities, no kidding. Philip Duncan is the head
• 9:14
  Speaker 3: analyst at weather Watch New Zealand, and he joins me
• 9:17
  Speaker 3: now good morning to here.
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  Speaker 4: Philip, Good morning, Andrew.
• 9:19
  Speaker 3: You're the head analyst or the only analyst.
• 9:22
  Speaker 4: Pretty much only at these days.
• 9:24
  Speaker 3: Very good okay. Who is better Niwa or MET service
• 9:28
  Speaker 3: and who should actually take.
• 9:29
  Speaker 4: Charge Met Service? They're the ones that are tasked to
• 9:33
  Speaker 4: do the job that we tax fund them to do,
• 9:36
  Speaker 4: and they've got a fairly strong reputation. I know that
• 9:39
  Speaker 4: they've had times over the years where they've got things
• 9:42
  Speaker 4: wrong like we all have, but they're the ones that
• 9:44
  Speaker 4: have pretty much got the infrastructure, and not just that,
• 9:47
  Speaker 4: but the mindset of understanding how to communicate and use
• 9:51
  Speaker 4: the right words at the right time, something that is
• 9:54
  Speaker 4: definitely missing from newa who use quite extreme words quite
• 9:58
  Speaker 4: frequently and find them soales looking a bit silly after
• 10:01
  Speaker 4: the event doesn't come through.
• 10:03
  Speaker 3: Okay, so you would agree the merger is the best outcome.
• 10:06
  Speaker 3: And I think the thing that you would love the
• 10:07
  Speaker 3: most about it is open data sharing. Tell me about that.
• 10:11
  Speaker 4: Yes, if you had open data, we wouldn't be in
• 10:13
  Speaker 4: this problem in the first place, because what would have
• 10:15
  Speaker 4: happened is fifteen years ago. And by the way, it's
• 10:17
  Speaker 4: fantastic to hear the government finally saying what we've been
• 10:20
  Speaker 4: telling them for nearly fifteen years now, and some of
• 10:23
  Speaker 4: them really deny that this was happening. So it's good
• 10:25
  Speaker 4: to see that saying the right words. That's fantastic. But
• 10:29
  Speaker 4: you know, the infrastructure that NIEWA has got with their
• 10:33
  Speaker 4: quote unquote supercomputer, which is just a large computer they've got,
• 10:37
  Speaker 4: but that computing power mixed with net services rain radar
• 10:41
  Speaker 4: would have produced some really fantastic products from the government itself.
• 10:46
  Speaker 4: But because the government is really bad at sharing stuff
• 10:49
  Speaker 4: from department to department. So I'll give you a good example,
• 10:53
  Speaker 4: many many people in New Zealand volunteered their time to
• 10:55
  Speaker 4: give up where the data, to write it down a
• 10:57
  Speaker 4: little books and see that into NEEWAB. So many many
• 11:00
  Speaker 4: years Now NIWA believes that that data that was given
• 11:03
  Speaker 4: by volunteers is their intellectual property and they own it,
• 11:06
  Speaker 4: so they don't share it with anyone. Then, and you've
• 11:09
  Speaker 4: got met Service on the other side saying the same
• 11:10
  Speaker 4: thing about the rain radar that we all tax funded
• 11:13
  Speaker 4: for them, the public and if they just shared that stuff,
• 11:16
  Speaker 4: you wouldn't need and MEE were competing against met Service,
• 11:19
  Speaker 4: that would never have evolved. Instead, what would have evolved
• 11:22
  Speaker 4: is the New Zealand government having some really amazing products.
• 11:24
  Speaker 4: Open data would fix that and put us online with
• 11:27
  Speaker 4: the rest of the modern world.
• 11:28
  Speaker 3: So basically you're saying a merger will save costs and
• 11:30
  Speaker 3: also come up with better forecasts, and that's all good.
• 11:33
  Speaker 4: Yeah. The only worry I've got is that with this merger,
• 11:36
  Speaker 4: if it's still the same NEE were management running whatever
• 11:39
  Speaker 4: else they spin out, and then it's just smoke and
• 11:41
  Speaker 4: mirrors and nothing's really been done other than save a
• 11:43
  Speaker 4: few dollars. The public haven't gained anything from that. So
• 11:47
  Speaker 4: I hope that they structure us with a brand fresh
• 11:50
  Speaker 4: new space and management, and also one that's open and transparent,
• 11:55
  Speaker 4: which NIWA definitely has not been. To media outlets and
• 11:58
  Speaker 4: to ministers as well being quite dishonest.
• 12:01
  Speaker 3: Thank you so much for your time today, Philip, and
• 12:02
  Speaker 3: congratulations on the success of your business. I saw you
• 12:05
  Speaker 3: right from the beginning starting it up and you've done
• 12:07
  Speaker 3: so very very well. I thank you. It's five twenty one.
• 12:09
  Speaker 3: Poor old sheep. You know, you grow a sheep and
• 12:14
  Speaker 3: you can't sell the meat or you sell the meeting.
• 12:16
  Speaker 3: You can't make any money. And then you've got the
• 12:17
  Speaker 3: wall and the wall is amazing. And then people weren't
• 12:20
  Speaker 3: using it, but now the government is going to use it.
• 12:21
  Speaker 3: We're going to look at this story next.
• 12:23
  Speaker 2: The news you need this morning and the in depth
• 12:25
  Speaker 2: analysis early edition with Andrew Dickens and one roof Make
• 12:30
  Speaker 2: your Property search Simple.
• 12:31
  Speaker 1: You've talked zid Bey.
• 12:33
  Speaker 3: Yeah, it's five twenty three and Ryan Bridges back on Tuesday.
• 12:35
  Speaker 3: That means hit this back on Tuesday to WOOL. Big
• 12:38
  Speaker 3: win for the wall sector. The government's directing agencies to
• 12:41
  Speaker 3: use WOL were appropriate when building and refurbishing government buildings. Essentially,
• 12:45
  Speaker 3: the wall will be used for things like carpet, but
• 12:47
  Speaker 3: it will also be used for insulation. It's a wonderful fiber.
• 12:50
  Speaker 3: Associate Minister of Agriculture Mark Patterson is with me and
• 12:53
  Speaker 3: good morning to your mark.
• 12:55
  Speaker 10: Good morning, Andrew.
• 12:57
  Speaker 3: You're super keen for this.
• 12:58
  Speaker 10: You're very happy, Yeah, very happy. And I mean the
• 13:02
  Speaker 10: sheep farms and the wide a wool sector is really
• 13:07
  Speaker 10: happy too. I mean, this is a great opportunity for them.
• 13:10
  Speaker 3: Now. The thing is, when we've had these debates, everyone goes, oh,
• 13:12
  Speaker 3: but wolf's so expensive, is it?
• 13:16
  Speaker 10: No, No, it's not. You know, it's a value proposition.
• 13:20
  Speaker 10: I guess we're trading off maybe some price against a
• 13:25
  Speaker 10: little bit of quality in terms of the properties of
• 13:29
  Speaker 10: wool hairs of the find natural fiber as you're saying
• 13:33
  Speaker 10: by it, degradable, et cetera. So yeah, there's potentially a
• 13:37
  Speaker 10: little bit of that. But I mean there's some price
• 13:41
  Speaker 10: stuff has built into the into this policy. Uh, you know,
• 13:46
  Speaker 10: they've got to account for that.
• 13:47
  Speaker 3: So yeah, well, this is going to benefit the industry
• 13:50
  Speaker 3: and that's going to keep them on good footing. But
• 13:51
  Speaker 3: the whole thing about wool and lamb meat and sheep
• 13:55
  Speaker 3: in general is we need to get export dollars out
• 13:58
  Speaker 3: of them. So how do we do that.
• 14:01
  Speaker 10: Well, things are going look too bead at the moment,
• 14:03
  Speaker 10: and hopefully the current you know, ruck us over seas
• 14:10
  Speaker 10: with the tarffs and that doesn't impact that too much.
• 14:12
  Speaker 10: But I mean we've seen a real upswing for our farmers,
• 14:15
  Speaker 10: our sheep and the farmers as well as a dairy farmers.
• 14:20
  Speaker 10: So that's you know, that's been really positive. But we
• 14:24
  Speaker 10: need that to be ongoing. So we've got to get
• 14:27
  Speaker 10: behind wolves one of those things where it's been so
• 14:33
  Speaker 10: low for so long that we've just got to get
• 14:35
  Speaker 10: behind that part of the industry to give a little
• 14:38
  Speaker 10: bit more diversification for hill country farmers. Otherwise we're just
• 14:42
  Speaker 10: going to turn the whole place in the pine trees.
• 14:44
  Speaker 10: So that's another element of this policy.
• 14:48
  Speaker 3: Yeah, get it, totally get it. That's a very good
• 14:50
  Speaker 3: way in that interview, and I thank you so much
• 14:52
  Speaker 3: for your time today. The Associate Minister of Agriculture, mister
• 14:54
  Speaker 3: Mark Patterson, go the sheep. Remember the old days, you know,
• 14:58
  Speaker 3: when we had like ninety million sheep two million people
• 15:01
  Speaker 3: and everybody made sheep jokes overseas. What the numbers are
• 15:04
  Speaker 3: so low because the market's been so bad for so long.
• 15:07
  Speaker 3: Five twenty six The early.
• 15:10
  Speaker 2: Edition Full the Show podcast on iHeartRadio powered by News Talks.
• 15:14
  Speaker 3: It be News Talks it b It is five twenty
• 15:18
  Speaker 3: seven The curious case of Benjamin Doyle. Benjamin Doyle spoke
• 15:22
  Speaker 3: on the controversy surrounding them yesterday and basically called themself stupid.
• 15:27
  Speaker 3: We found out that the Greens actively asked him to
• 15:29
  Speaker 3: delete his accounts before he came into Parliament, those accounts
• 15:33
  Speaker 3: which introduced us all to the Bussy. But they refused,
• 15:37
  Speaker 3: wanting to stand up for what they is and who
• 15:39
  Speaker 3: they stand for. Given that if I was the Greens,
• 15:43
  Speaker 3: I would have gone to the next person on the list.
• 15:45
  Speaker 3: If Doyle wasn't going to drop it, I would have
• 15:47
  Speaker 3: dropped him. I said last week they should go, they
• 15:50
  Speaker 3: should go, and I stand by that. I don't see
• 15:53
  Speaker 3: the need for anyone so stupid and bloody minded in
• 15:55
  Speaker 3: a taxpayer funded parliament. Doyle says the bussy stuff was
• 15:59
  Speaker 3: a no joke. I can understand that queens are all
• 16:03
  Speaker 3: always ironically calling each other queen's but that's not the
• 16:07
  Speaker 3: sort of joke I want to see in an MP.
• 16:09
  Speaker 3: But to claim Benjamin must be a child offender, I
• 16:11
  Speaker 3: thought was also a step too far. In fact, it's
• 16:14
  Speaker 3: a heinous accusation unless you have the proof, and that
• 16:17
  Speaker 3: goes with the Hamish candl case too, So if they
• 16:20
  Speaker 3: want to put those haters aside, perhaps they need to
• 16:24
  Speaker 3: stand up for himself with a defamation suit or even
• 16:27
  Speaker 3: maybe let the wife speak out, but again that will
• 16:30
  Speaker 3: be difficult. So again, the easiest way to deal with
• 16:33
  Speaker 3: it all is just to slope out the door. Benjamin
• 16:36
  Speaker 3: carrying on is probably not worth the Yanks, and this
• 16:39
  Speaker 3: whole thing is an ugly and entirely avoidable situation. That
• 16:47
  Speaker 3: pronounce thing is exhausting. We've just heard that Trump is
• 16:50
  Speaker 3: going to raise the tariff on Chinese goods to one
• 16:52
  Speaker 3: hundred and twenty five percent. It was one hundred and
• 16:55
  Speaker 3: four now one hundred and twenty five. However, he's announced
• 16:58
  Speaker 3: in ninety day pause on new tariffs, so maybe he's
• 17:01
  Speaker 3: negotiating going high and hoping to go low. Who knows.
• 17:05
  Speaker 3: But it's constantly moving, isn't it. On the way, we'll
• 17:09
  Speaker 3: play a little bit of Lady Gaga, but Lady Gaga
• 17:11
  Speaker 3: doesn't like us, and later we'll talk to Brad Olsen
• 17:14
  Speaker 3: about what's really happening with the global economy. This is
• 17:16
  Speaker 3: early edition. It's News Talk.
• 17:18
  Speaker 1: Jenb the first word on the news of the day.
• 17:36
  Speaker 2: Early Edition with Andrew Dickens and one roof Make your
• 17:40
  Speaker 2: Property Search, Simple News, Talk Zippy.
• 18:00
  Speaker 3: According to You. I'm Andrew Dickinson for Ryan Bridge and
• 18:04
  Speaker 3: that is Lady Gaga from her new album Mayhem, which
• 18:07
  Speaker 3: debuted at number one in the American charts. And Lady
• 18:10
  Speaker 3: Gargar yesterday announced her first Australian tour in over a decade,
• 18:14
  Speaker 3: and she's going to play three dates in December in
• 18:17
  Speaker 3: Melbourne and Brisbane and in Sydney, all the big stadiums.
• 18:21
  Speaker 3: But she has nubbed New Zealand. She's not coming here.
• 18:24
  Speaker 3: She hasn't been here for over a decade. Last time
• 18:26
  Speaker 3: she was here she played three Spark Arena dates. So
• 18:29
  Speaker 3: why did she not come here? This is a question
• 18:31
  Speaker 3: because a number of acts recently have just decided not
• 18:33
  Speaker 3: to come here. And I've done quite a lot of
• 18:35
  Speaker 3: digging to try and find out why. Is it because
• 18:37
  Speaker 3: our stadiums are rubbish? Is it because our dollar is rubbish?
• 18:40
  Speaker 3: Why are they not coming? We're here, we're fans, don't
• 18:43
  Speaker 3: you love us? And from what I found out, it's
• 18:46
  Speaker 3: basically because they just can't be asked, you know. In
• 18:50
  Speaker 3: Lady Gargar's case, she's doing fifty two concerts around the world,
• 18:53
  Speaker 3: and then at the end she's going to come down
• 18:55
  Speaker 3: and do three in Australia. And then her management thought,
• 18:57
  Speaker 3: now do we want to get all the visas and
• 18:59
  Speaker 3: all the paper and all the stuff to go to
• 19:01
  Speaker 3: one extra concert when we've already made a truckload of money. No,
• 19:05
  Speaker 3: and they just cannot be bothered with us. And that's
• 19:07
  Speaker 3: just not good enough. Now some good news, bad news.
• 19:11
  Speaker 3: Good news, International student numbers are all but back to
• 19:14
  Speaker 3: pre pandemic levels. This is good news for our tertiary
• 19:18
  Speaker 3: institutions and their books. It's good news for us. All
• 19:21
  Speaker 3: shows we're still an attractive place and foreigner's eyes. Bad news.
• 19:25
  Speaker 3: Engineering firms have lost twelve hundred people this year. Bad
• 19:28
  Speaker 3: because engineers make stuff that make our lives better. They've
• 19:32
  Speaker 3: gone mostly because of the cessation of government jobs. In
• 19:35
  Speaker 3: the short term, national crane numbers are down fifteen percent
• 19:39
  Speaker 3: nearly twenty five percent in Auckland, a line but good news.
• 19:43
  Speaker 3: The sector says the pipeline of infrastructure that the government
• 19:46
  Speaker 3: has finally announced is a green shoot, and eighty six
• 19:50
  Speaker 3: percent of firms are confident that business will pick up
• 19:54
  Speaker 3: in the next twelve months. It's twenty one to six.
• 19:57
  Speaker 3: Andrew dicklous So around the country. Go into Dunedin first,
• 20:01
  Speaker 3: calum Proctic. Good morning to you.
• 20:03
  Speaker 11: Morning, Andrew So.
• 20:04
  Speaker 3: Queenstown boomed and the region just does not have enough
• 20:07
  Speaker 3: health services. So what's happening To address that?
• 20:10
  Speaker 11: We'll look the local mayor's MPs and health providers. Along
• 20:13
  Speaker 11: with e we have put together a strategic report on
• 20:17
  Speaker 11: their concerns that I've delivered it to the Health Minister,
• 20:19
  Speaker 11: Simeon Brown. This report identifies ways to potentially improve publicly
• 20:25
  Speaker 11: funded health services by partnering with private hospitals, clinics and
• 20:28
  Speaker 11: investors in the Queenstown Lake Central Otago area. The Queenstown
• 20:33
  Speaker 11: MEUS Glenn Lewis. He says a road map is needed
• 20:35
  Speaker 11: urgently to meet the needs of the region because he says,
• 20:38
  Speaker 11: seventy percent of Kiwis who live more than two hours
• 20:41
  Speaker 11: from a hospital are in Central Otago and so a
• 20:45
  Speaker 11: long term solution for this problem is needed because they're
• 20:47
  Speaker 11: growing fast.
• 20:48
  Speaker 3: How's the weather for your region?
• 20:50
  Speaker 11: It's good all around today and Dunedan's fine and nineteen
• 20:53
  Speaker 11: good stuff.
• 20:53
  Speaker 3: Claire Sherwoo joins me from christ Church. Good morning, now
• 20:57
  Speaker 3: the Red Zone is a lovely fields, great place for
• 21:00
  Speaker 3: concert You guys want more there?
• 21:02
  Speaker 12: Yeah, Well, finally they decided to do some concerts in
• 21:05
  Speaker 12: the Red Zone. The electronic festival Urban Jungle became the
• 21:08
  Speaker 12: first to take place in the area that the Council
• 21:11
  Speaker 12: refers to a six to seven. The event was still
• 21:14
  Speaker 12: only part of their trialing of doing this. They say
• 21:17
  Speaker 12: that it's due to increase demand for outdoor event space
• 21:19
  Speaker 12: in christ Church now now saying that they're looking to
• 21:22
  Speaker 12: do more events in the space due to the increasing
• 21:25
  Speaker 12: venue shortage. There are some rules around it is sort
• 21:28
  Speaker 12: of close to residential areas, so one restriction, for example,
• 21:32
  Speaker 12: is that all events finished by ten thirty. The Council's
• 21:35
  Speaker 12: head of Recreation, Sports and Events in Nigel Cox, says
• 21:38
  Speaker 12: there was heaps of positive feedback of following Urban Jungle,
• 21:41
  Speaker 12: only one noise related complaint. He says, while there are
• 21:44
  Speaker 12: no further events booked the adjusted yet Council are completing
• 21:48
  Speaker 12: a full review.
• 21:48
  Speaker 3: How can there be a noise related complaint when there's
• 21:50
  Speaker 3: nobody living there. That's the whole thing about the Red Zone.
• 21:53
  Speaker 13: It's relatively close. I could hear it from my place.
• 21:55
  Speaker 3: Oh I'm sorry, I was wondering, and I was wonder
• 21:58
  Speaker 3: why they finished at ten thirty. And I guess it's
• 22:00
  Speaker 3: because you know it's dark and they can't find their
• 22:02
  Speaker 3: way home.
• 22:03
  Speaker 12: Yes, well that could be fair. It's pretty dark in there.
• 22:05
  Speaker 3: Without the lighting. Now, how's the weather for your region?
• 22:08
  Speaker 14: Dark?
• 22:08
  Speaker 12: Now fine, northeast Lilies for a time, a bit later
• 22:11
  Speaker 12: and the high should be nineteen.
• 22:12
  Speaker 3: It's the first week after daylight savings always a bit
• 22:15
  Speaker 3: disorientating to Wellington. We go Max Toll, good morning, Good morning.
• 22:19
  Speaker 3: The Lower Hutmea is not going to run for reelection
• 22:21
  Speaker 3: in the local body elections.
• 22:22
  Speaker 6: No, this is that's Campbell Barry, the city's longest serving
• 22:26
  Speaker 6: labor mayor for more than fifty years, who, according to him,
• 22:30
  Speaker 6: is going out on top. He's choosing to go out
• 22:32
  Speaker 6: on top. He's told the Post he want seek a
• 22:34
  Speaker 6: third term. Still a young guy. In twenty nineteen, he
• 22:37
  Speaker 6: became the country's youngest ever mayor at twenty eight. That's
• 22:40
  Speaker 6: obviously been surpassed now. Not influenced by rates, he says,
• 22:44
  Speaker 6: not influenced by issues at Wellington Water, he insists he
• 22:48
  Speaker 6: chairs the oversight committee for Wellington Water. Also shooting down
• 22:51
  Speaker 6: rumors he fancies a tilt at central government. There are
• 22:54
  Speaker 6: people in the region who reckon hid do quite well
• 22:56
  Speaker 6: for labor. So what we're getting is time to do
• 22:59
  Speaker 6: something else, family.
• 23:01
  Speaker 1: Et cetera.
• 23:01
  Speaker 3: Okay, so how's your weather fine?
• 23:04
  Speaker 6: Northerly's a high of nineteen central.
• 23:06
  Speaker 3: And to Neiva RT a matter in Ucland and talking
• 23:07
  Speaker 3: about Mayor's Neva good morning greetings. Wayne Brown made a
• 23:12
  Speaker 3: video call. He was he just had it on his
• 23:14
  Speaker 3: lap as it wasn't on a stand, and we've got
• 23:17
  Speaker 3: a great view right up his nose. And now he's
• 23:19
  Speaker 3: in trouble.
• 23:19
  Speaker 13: That's it up his nose while driving. So what happened
• 23:24
  Speaker 13: yes last week the Transport committee meeting? Now Brown beamed
• 23:27
  Speaker 13: in on that video call. Now, most of the time
• 23:30
  Speaker 13: Brown concentrates on driving, but he also looks down at times,
• 23:34
  Speaker 13: and at one point Counselor Andy Baker seemed to acknowledge
• 23:36
  Speaker 13: Brown's position, thanking him for his submission and saying happy driving.
• 23:40
  Speaker 13: So Brown has apologized for the offense. Now this is
• 23:42
  Speaker 13: punishable by a one hundred and fifty dollars fine and
• 23:45
  Speaker 13: twenty demerit points. But of course this is Brown's second
• 23:48
  Speaker 13: apology of the week. You'll remember yet to say sorry
• 23:51
  Speaker 13: to Desley Simpson for saying that she was only interested
• 23:53
  Speaker 13: in helping her constituents by lamborghinis.
• 23:55
  Speaker 3: And how's Hawkin's weather?
• 23:56
  Speaker 15: Fine?
• 23:57
  Speaker 13: Fine, fine, fine fine? Twenty one is.
• 23:58
  Speaker 3: The high very good. We're about to go to America
• 24:00
  Speaker 3: and talk about stuff. And of course, when you know
• 24:03
  Speaker 3: we're all getting tariff trauma, aren't we in It's like
• 24:06
  Speaker 3: tariff and Trump, Trump and tariff, the tea words that
• 24:08
  Speaker 3: we have to say the whole time. There are other
• 24:10
  Speaker 3: news stories out of America, like the fact that they've
• 24:12
  Speaker 3: got a big old measles Outbreck and that might be
• 24:14
  Speaker 3: because the guy in charge of health these days is
• 24:16
  Speaker 3: a vaccine skeptic. But we'll find out the details next.
• 24:20
  Speaker 3: With Mitch McCann. It is a seventeen to six newstalk set.
• 24:23
  Speaker 2: B international correspondence with Ends and Eye Insurance Peace of
• 24:28
  Speaker 2: Mind for New Zealand business.
• 24:31
  Speaker 3: Yes, since fourteen to six in the United States, we
• 24:33
  Speaker 3: go Mitch McCann, good morning to you, Good morning, how
• 24:35
  Speaker 3: are you? I'm all right? We have to talk about tariffs.
• 24:38
  Speaker 3: We talk about tariffs every hour. So what's happened now?
• 24:41
  Speaker 15: There's actually been some breaking news a dramatic you tune
• 24:44
  Speaker 15: from Donald Trump in the last fifteen minutes. He has
• 24:46
  Speaker 15: decided to pause tariffs for nearly all of the countries involved.
• 24:50
  Speaker 3: Are these reciprocal tariffs.
• 24:52
  Speaker 15: So if you are at a rate of something huge
• 24:54
  Speaker 15: like forty percent or thirty percent, all tariffs now except
• 24:57
  Speaker 15: for China are going to be at ten percent for
• 25:00
  Speaker 15: ninety days. That's because Donald Trump, says, so many countries
• 25:03
  Speaker 15: are trying to come to the negotiating table, So a
• 25:06
  Speaker 15: big pause on those large reciprocal tariff rates. However, if
• 25:10
  Speaker 15: you're China, the news gets worse overnight. Here Donald Trump
• 25:13
  Speaker 15: enacted or imposed this one hundred and four percent tariff
• 25:17
  Speaker 15: rate on China. He says today this afternoon that China
• 25:21
  Speaker 15: has shown disrespect by implementing its own reciprocal tariff. So
• 25:25
  Speaker 15: he's going to raise it to one hundred and twenty
• 25:28
  Speaker 15: five percent, almost effective immediately. So Donald Trump raising the
• 25:32
  Speaker 15: tariff rate on China even further, but dropping it down
• 25:35
  Speaker 15: to ten percent for every other country.
• 25:37
  Speaker 3: All right, and it goes We'll find out what happens
• 25:40
  Speaker 3: next hour. Now, there's a measles outbreak in Texas.
• 25:44
  Speaker 15: Yeah, there certainly is, and nationally there are around six
• 25:48
  Speaker 15: hundred and fifty cases confirmed across twenty two US states,
• 25:51
  Speaker 15: but the vast majority of cases, around five hundred, are
• 25:54
  Speaker 15: from Texas. It's started with a Mennonite Christian population that
• 25:59
  Speaker 15: is historically underimmunized or partially immunized, and it has grown
• 26:03
  Speaker 15: and it has spread throughout the country. The reason the
• 26:05
  Speaker 15: story has been in the news even more in the
• 26:07
  Speaker 15: last couple of days is because Robert F. Kennedy, the
• 26:10
  Speaker 15: Health Secretary, he was controversially confirmed. In the last couple
• 26:14
  Speaker 15: of months, he has come out and said that the
• 26:16
  Speaker 15: MMR vaccine is the best front line protection to measles. However,
• 26:23
  Speaker 15: in the past he's been a vaccine skeptic, so he's
• 26:25
  Speaker 15: had a bit of a u tune as well on
• 26:27
  Speaker 15: this issue. Although he's facing some criticism from anti vaxxers
• 26:30
  Speaker 15: of saying things like we voted for you to challenge
• 26:33
  Speaker 15: the medical establishment, not parrot it. But I think most
• 26:37
  Speaker 15: health officials are happy that RFK is changing his mind
• 26:40
  Speaker 15: when it comes to vaccines.
• 26:42
  Speaker 3: There's two dead children, there's an awful lot of people
• 26:44
  Speaker 3: in America. You know, you can overhype this a little bit,
• 26:47
  Speaker 3: And of course RFK has only been actually in an
• 26:50
  Speaker 3: office and working for three weeks, and as you're quite right,
• 26:52
  Speaker 3: has actually changed his attitude towards all vaccines or some vaccines.
• 26:57
  Speaker 3: So there's a little bit of hype about this.
• 27:00
  Speaker 15: Yeah, there certainly is. I mean, this has been spreading
• 27:02
  Speaker 15: and measles is something that's prevented reasonably easy by the vaccine.
• 27:08
  Speaker 15: So there has been a fear among many people in
• 27:10
  Speaker 15: the health community that this could spiral out of control
• 27:13
  Speaker 15: and continue to grow and continue to grow. Hopefully with
• 27:16
  Speaker 15: that messaging for MARIOFK that will convince more people to
• 27:19
  Speaker 15: go and get that MMR vaccine if they haven't already
• 27:22
  Speaker 15: had it.
• 27:22
  Speaker 3: Good surf, and I thank you so much much McCann.
• 27:24
  Speaker 3: It's now eleven to six, all right. The Reserve band
• 27:28
  Speaker 3: kept there promised to cut the official cash rate yesterday afternoon,
• 27:31
  Speaker 3: dropping twenty five basis points to three point five percent.
• 27:35
  Speaker 3: Nikola Willis has welcomed the news. She says she's keeping
• 27:37
  Speaker 3: a kose eye on the ongoing global economic instability ahead
• 27:41
  Speaker 3: of this year's budget. They but meanwhile, and Barbara Edmonds
• 27:44
  Speaker 3: says that they should be spending a bit more right
• 27:46
  Speaker 3: now to help us through this bad time, joining us
• 27:49
  Speaker 3: is Infanmetrics Principal economists Brad Olsen, and good morning to you. Brad.
• 27:54
  Speaker 4: Good morning.
• 27:55
  Speaker 3: So in your opinion, this was the right move, Yes,
• 27:58
  Speaker 3: very much.
• 27:59
  Speaker 14: The right move, veriouscible and in line what the Reserve
• 28:01
  Speaker 14: Bank has been talking about previously anyway, And I think
• 28:04
  Speaker 14: that's important because when we've been looking through all of
• 28:08
  Speaker 14: the last couple of days, what's become very clear and
• 28:10
  Speaker 14: again very clear this morning is all of this can
• 28:13
  Speaker 14: change in an instant. So I think for the Reserve Bank,
• 28:15
  Speaker 14: they made it very clear that they are looking closely
• 28:18
  Speaker 14: at the tariffs. They're trying to understand all of those
• 28:20
  Speaker 14: trials and tribulations. But at the same time, they're not
• 28:23
  Speaker 14: willing to make a ration move. They're just trying to
• 28:25
  Speaker 14: understand what's going on.
• 28:26
  Speaker 4: FIRS.
• 28:28
  Speaker 3: All right, Well, the tap was said the whole thing
• 28:30
  Speaker 3: when I was talking about this yesterday. We're going, yes,
• 28:32
  Speaker 3: if you're going to offer certainty to business, just keep
• 28:34
  Speaker 3: going with the plan, because the plan is an extreme
• 28:36
  Speaker 3: zero point twenty five. So that's all right, But we
• 28:38
  Speaker 3: wanted to kind of know what the Reserve Bank thought
• 28:40
  Speaker 3: about the global economy. We had tariffs coming into effect
• 28:43
  Speaker 3: yesterday afternoon, economists are als saying they don't know what
• 28:46
  Speaker 3: they're going to do to the economy. Did you get
• 28:48
  Speaker 3: any better picture from the Reserve Bank?
• 28:51
  Speaker 14: There was a little bit more clarity in there. We
• 28:54
  Speaker 14: still didn't expect them to have a full full understanding,
• 28:57
  Speaker 14: and I think again I'd rather they came out in
• 28:59
  Speaker 14: May with the do their next monetary policy statement, with
• 29:02
  Speaker 14: a full suite of forecast, with a whole bunch of
• 29:04
  Speaker 14: information that have had time to digest. Also, of course,
• 29:07
  Speaker 14: the changes that have even come through overnight, I mean
• 29:09
  Speaker 14: a pause to the tariffs, but also ratching up tensions
• 29:12
  Speaker 14: on China changes the game again for New Zealand. But
• 29:16
  Speaker 14: the bank did say that they were clearly concerned about
• 29:19
  Speaker 14: what it meant for the New Zealand economy. Said that
• 29:22
  Speaker 14: the increased trade barriers globally do create downside risks to
• 29:26
  Speaker 14: the outlook for economic activity and inflation in New Zealand.
• 29:29
  Speaker 14: And on the back of that you have seen markets
• 29:32
  Speaker 14: and in fact some of the wording from the Reserve
• 29:34
  Speaker 14: Bank generally imply that yes, interest rates could go lower
• 29:38
  Speaker 14: because of this. But there was also a little bit
• 29:40
  Speaker 14: of disagreement amongst the Monetary Policy Committee. It seems and
• 29:43
  Speaker 14: I think this is healthy because they really do need
• 29:46
  Speaker 14: to grapple with what is a pretty challenging topic. Most
• 29:49
  Speaker 14: members of the committee consider that recent global policy developments
• 29:53
  Speaker 14: like the tariff stuff has shifted the balance of risks
• 29:55
  Speaker 14: in New Zealand inflation lower, others though noted uncertainty around
• 29:59
  Speaker 14: the m inflation outlook, and the risks remain balanced, And
• 30:02
  Speaker 14: again I think that's appropriate. Yes, we're seeing tariffs around
• 30:05
  Speaker 14: the world, and in some senses that could raise prices,
• 30:08
  Speaker 14: but also if you have weak economic activity in New
• 30:11
  Speaker 14: Zealand because we're not trading as much, you could equally
• 30:13
  Speaker 14: see lower inflashy risks. So they have got to balance
• 30:16
  Speaker 14: this all up.
• 30:17
  Speaker 3: And how about the dollar, because I mentioned this morning,
• 30:20
  Speaker 3: if the dollar remains low, that means it actually negates
• 30:22
  Speaker 3: the ten percent increase in prices of our products at America,
• 30:25
  Speaker 3: if you know what I mean. So if we have
• 30:26
  Speaker 3: a nice light low dollar, then then we can still
• 30:29
  Speaker 3: keep our exports at a good price point in America.
• 30:31
  Speaker 3: How's our dollar doing? What's happening with our dollar?
• 30:34
  Speaker 14: I think I saw overnight it's pushed up just to touch,
• 30:36
  Speaker 14: But that's equally because of this expectation and talk of
• 30:39
  Speaker 14: a bit of a pause on tariffs. I think last
• 30:42
  Speaker 14: I saw it had popped just above fifty six US
• 30:44
  Speaker 14: sense that had been trading more on that fifty five
• 30:47
  Speaker 14: and low fifty five through parts of yesterday. Again, this
• 30:50
  Speaker 14: is almost an automatic stabilizer sort of effect, where you know,
• 30:55
  Speaker 14: when the challenges come through with those high prices, the
• 30:58
  Speaker 14: dollar drops to try and compensate, and at the same time,
• 31:00
  Speaker 14: if you start to see those better conditions, then the
• 31:03
  Speaker 14: dollar starts to push up a little bit higher. So
• 31:06
  Speaker 14: I think all of this highlights that we're still in
• 31:08
  Speaker 14: the early stages of trying to understand this. The Reserve
• 31:11
  Speaker 14: Bank didn't want to commit too much firepower too quickly.
• 31:14
  Speaker 14: That's been proven overnight to be very much the right call,
• 31:17
  Speaker 14: a little bit more of a stay of the course,
• 31:19
  Speaker 14: and they'll continue to assess in the future is good.
• 31:21
  Speaker 14: All the while the global economy still convulsing, and here
• 31:24
  Speaker 14: in New Zealand we're sort of just watch, waiting and worrying.
• 31:28
  Speaker 3: Good Onion brad Olds, and I thank you, And of
• 31:29
  Speaker 3: course Christian Hawksby made the announcements yesterday. He's there for
• 31:32
  Speaker 3: the next six months, and then we don't know what's
• 31:34
  Speaker 3: happening is a placeholder. Is he acceptable to the government.
• 31:38
  Speaker 3: Will the government then start agitating for their own or
• 31:41
  Speaker 3: a more approvable reserve Bank governor will find that out
• 31:45
  Speaker 3: in the future. Anachurst and next Ocier in May It's
• 31:47
  Speaker 3: newsb at seven to six.
• 31:52
  Speaker 2: Get ahead of the headlines on early edition Andrew Dickens
• 31:56
  Speaker 2: and One Room to Make Your Property Search Simple or.
• 32:01
  Speaker 3: Heard from Mention McCann in the last half hour, it's
• 32:04
  Speaker 3: been announced he's in ninety day pause on the tariffs
• 32:06
  Speaker 3: and the Dow Jones is up over two thousand points.
• 32:08
  Speaker 3: Now make Huskin joins me more importantly if you look at,
• 32:10
  Speaker 3: well not more importantly, the other markets. If you look
• 32:12
  Speaker 3: at the Nasdak and the S and P, the Narsdack
• 32:13
  Speaker 3: particularly which is textocks and stuff, they're up like eight percent.
• 32:16
  Speaker 3: It's what happened the other day. Remember two days ago
• 32:18
  Speaker 3: there was the rumor now that he was going to pause,
• 32:21
  Speaker 3: and they did exactly this. Whereas this is an official
• 32:23
  Speaker 3: he's actually paused. So he is him backing down. He's cracked.
• 32:26
  Speaker 3: He's cracked and he's blinked, and so he's saving face
• 32:30
  Speaker 3: with the China thing. But this idea that everyone's ringing
• 32:33
  Speaker 3: him to do deals. That's probably true. I mean, most
• 32:36
  Speaker 3: people will want to do is deal. But all you've
• 32:38
  Speaker 3: got overnight from the EU is retaliatory numbers. The Chinese
• 32:41
  Speaker 3: are retaliatory. And you believe the Chinese when they say
• 32:43
  Speaker 3: they'll fight to the end, you believe them. They'll fight
• 32:45
  Speaker 3: for a thousand years exactly. So we've got ten percent,
• 32:49
  Speaker 3: everyone else has got ten percent. Just to explain this people,
• 32:50
  Speaker 3: because it's kind of important, because he's backed down on
• 32:54
  Speaker 3: the extra tariffs on top of the ten everyone got ten,
• 32:58
  Speaker 3: we got ten. The extra stuff is what he's back
• 33:01
  Speaker 3: down on for ninety days. So that's why the market's
• 33:03
  Speaker 3: going nuts. But how you navigate you as that Brad
• 33:05
  Speaker 3: was just saying, how you navigate your way through this?
• 33:07
  Speaker 3: God only knows. And he's mental, There's no other way
• 33:10
  Speaker 3: of putting it. He's mental and he's destroying the global economy.
• 33:14
  Speaker 3: And I think most people can probably see it now anyway.
• 33:16
  Speaker 3: So the finance Minister Nicola willis how do you plan?
• 33:20
  Speaker 3: How do you put together a budget? And so yesterday
• 33:22
  Speaker 3: what was interesting about Nicola Nichola gave us that briefing
• 33:24
  Speaker 3: two days ago. Remember that, so yesterday Charmers in Australia.
• 33:28
  Speaker 3: He called an emergency meeting. So how is it Nicola
• 33:31
  Speaker 3: didn't call an emergency meeting? Is an emergency meeting? Brad
• 33:34
  Speaker 3: just said it. It's a wait and see you because
• 33:36
  Speaker 3: we do not know. Nobody knows. How can you do
• 33:39
  Speaker 3: something if you don't know, without the facts that we
• 33:40
  Speaker 3: are living through history. Anyway, we'll do that and we'll
• 33:43
  Speaker 3: talk a bit of the f one Shawan Fitzpatrick on
• 33:45
  Speaker 3: the dock Mate. That was where he says my thanks
• 33:47
  Speaker 3: to producer Kenzi. I'm Andrew Dickens and I'll see you
• 33:49
  Speaker 3: again tomorrow.
• 33:53
  Speaker 1: Your fav.
• 33:59
  Speaker 4: Baby.
• 34:01
  Speaker 2: For more from Early Edition with Ryan Bridge, listen live
• 34:04
  Speaker 2: to News Talks at b from five am weekdays, or
• 34:07
  Speaker 2: follow the podcast on iHeartRadio