Latest / Early Edition with Ryan Bridge / Full Show Podcast: 20 March 2025

Transcript

Full Show Podcast: 20 March 2025 · Early Edition with Ryan Bridge

0:02
Speaker 1: The issues, the interviews, and the inside Early with one
0:08
Speaker 1: roof to make your property search simple.
0:11
Speaker 2: News Dogs B Good morning, Welcome to Early Edition. I'm
0:21
Speaker 2: Francesca Rudkin filling in for Andrew Dickens this morning. Good
0:25
Speaker 2: to have you with us. You are most welcome to
0:27
Speaker 2: contact me any time this morning. Give me a text
0:30
Speaker 2: on ninety two ninety two. We can email me at
0:33
Speaker 2: Francesca at newstorgs atb dot co dot NZ. On the
0:37
Speaker 2: show today, we discuss whether the doctors should be able
0:39
Speaker 2: to comment on regional issues that could impact public health.
0:43
Speaker 2: We look at whether it's time to fix that home
0:45
Speaker 2: loan in for a longer term, and what to expect
0:48
Speaker 2: from the GDP figures for the final quarter of last year.
0:53
Speaker 2: Out this morning, have we crawled out of a recession?
0:57
Speaker 1: The agenda?
1:00
Speaker 2: The US President Donald Trump says his hour long calls
1:03
Speaker 2: with Zeenensky this morning was very good. The call, which
1:06
Speaker 2: only just ended, was centered around the call Trump had
1:09
Speaker 2: with Russian President Vladimir Putin yesterday. Posted on truth social
1:14
Speaker 2: media account, Trump said, we are very much on track,
1:19
Speaker 2: as the first time the two have spoken since the
1:21
Speaker 2: heated exchange at the White House. At the end of
1:23
Speaker 2: last month. We'll have more with US correspondent Mitch mccannon
1:27
Speaker 2: later this hour. It is expected New Zealand's GDP will
1:30
Speaker 2: be out of the Red Stats. New Zealand as releasing
1:33
Speaker 2: figures for the final quarter of last year at midday.
1:36
Speaker 2: Herald Business editor at large Liam Dan says he's expecting
1:40
Speaker 2: growth in last year's fourth quarter because of strong export
1:44
Speaker 2: markets for Darien meat, but we shouldn't be holding out
1:47
Speaker 2: for anything massive though. Economists are picking a range of
1:51
Speaker 2: between zero point three and zero point five percent growth
1:55
Speaker 2: for the quarter, so that's pretty marginal. The UN have
2:00
Speaker 2: confirmed one of its workers has been killed and others
2:03
Speaker 2: injured after a compound in Gaza was damaged on Wednesday.
2:07
Speaker 2: Head of the UN Office for Project Services wouldn't say
2:10
Speaker 2: who carried out the strike, but the blast was not
2:13
Speaker 2: accidental or related to d mining activity. The strike came
2:17
Speaker 2: after Israel said it was resuming fighting in Gaza following
2:21
Speaker 2: a two month ceasefire. And of be Loved Face of
2:33
Speaker 2: film History is hitting the auction block. South Ofby's auction
2:36
Speaker 2: House has confirmed an original screen use original screen used
2:40
Speaker 2: model of Et from Stephens Spielberg's nineteen eighty two sci
2:44
Speaker 2: fi classic will be offered up along with items from
2:48
Speaker 2: the man who brought the iconic movie character to life,
2:51
Speaker 2: Carla and Bolby. The et model will be offered with
2:54
Speaker 2: an estimate of six hundred to nine hundred thousand US dollars.
2:58
Speaker 2: That's around one to one want five million New Zealand dollars.
3:02
Speaker 2: If you've got a spare buck.
3:05
Speaker 1: Get ahead of the headlines on early edition with one
3:08
Speaker 1: roof make your property search simple News Talk.
3:12
Speaker 2: Said, be so today when you go to work, I
3:14
Speaker 2: dare you to casually ask one of your colleagues what
3:16
Speaker 2: do you earn? If you're allowed to? That is, if not,
3:20
Speaker 2: maybe ask if you were allowed to talk about what
3:22
Speaker 2: you earned, would you tell me? Reason being is labor.
3:25
Speaker 2: MP Camilla Belich has a member's bill. It's called the
3:29
Speaker 2: Employment Relations Amendment Bill, and it's going to target that
3:32
Speaker 2: clause in your contract stopping you sharing information about you pay.
3:37
Speaker 2: The idea behind this it's actually good. We want to
3:40
Speaker 2: make sure that where education, ability and performance is measurably
3:44
Speaker 2: equal between colleagues, they're paid the same. But I just
3:47
Speaker 2: don't see people going around and sharing Williing Lilly information
3:52
Speaker 2: about what they earn. Can we just not that kind
3:55
Speaker 2: of people. We don't talk about money. We don't share
3:58
Speaker 2: information like that. Don't want people to know what we
4:01
Speaker 2: earn as much as we're dying to know what other
4:05
Speaker 2: people earn. I don't think we should be gagged from
4:08
Speaker 2: saying what we earn. If you want to, you should
4:10
Speaker 2: be able to say that. I don't have an issue
4:12
Speaker 2: with the removal of this clause from contracts, but we're
4:14
Speaker 2: still not going to spill the beans, are we I'm
4:17
Speaker 2: not sure how much difference this is going to make.
4:20
Speaker 2: If we want to close the gender pay gap, then
4:22
Speaker 2: we actually need to put our big gill pants on
4:23
Speaker 2: and we need to be more proactive about getting paid
4:27
Speaker 2: what we're worth. Demand more information from your employer about
4:31
Speaker 2: the pay bands or steps or whatever system you have
4:34
Speaker 2: in place. Learn more about what you need to move up,
4:36
Speaker 2: and be more aggressive about having annual pay reviews, expressing
4:39
Speaker 2: your goals, pitching your worth by assessing your value on
4:41
Speaker 2: the open market. There is a lot we can do
4:44
Speaker 2: aside from gossiping about pay to get better pay. It
4:48
Speaker 2: is eleven past five. Y're with early edition.
4:51
Speaker 1: News and views you trust has done Your day is
4:54
Speaker 1: early edition with one roof. Make your property search, simple
4:59
Speaker 1: youth talks.
5:01
Speaker 2: Doctors are being told they need permission before commenting on
5:04
Speaker 2: regional issues that could impact public health. Health Minister Simeon
5:08
Speaker 2: Brown says he's fed up with the doctors giving advice
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Speaker 2: on issues like fast food. Executive director of the Association
5:13
Speaker 2: of Salary Medical specialist Sarah Dalton is with me now,
5:17
Speaker 2: good morning.
5:17
Speaker 3: Sarah, Good morning.
5:20
Speaker 2: Is Simon Brown overstepping the mark here?
5:23
Speaker 3: I think he is.
5:24
Speaker 2: Yeah, what's been the reaction by doctors.
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Speaker 3: The real sense of unease I think not just within
5:32
Speaker 3: the National Public Health Service, but more widely that there's
5:36
Speaker 3: an attempt to I guess silence doctors prevent them from
5:40
Speaker 3: properly speaking up, both for issues of public health and
5:44
Speaker 3: also patient safety. As far as public health goes, it's
5:49
Speaker 3: a really key component of public health. Physicians and particularly
5:53
Speaker 3: medical offices of health jobs to speak to issues of
5:58
Speaker 3: broader public well being, and the Minister suggesting that they
6:02
Speaker 3: confine themselves to immunizations is very narrow view and is wrong.
6:08
Speaker 3: You know, there are lots of legislative powers that medical
6:11
Speaker 3: offices of health have. I think if the Minister is
6:14
Speaker 3: concerned about those who needs to work through the proper
6:17
Speaker 3: parliamentary processes.
6:19
Speaker 2: He's saying, any advice needs to be signed off at
6:21
Speaker 2: a national level. Is this even practical?
6:25
Speaker 3: Well, it flies in the face of certainly the direction
6:28
Speaker 3: that Minister Reti was taking before him, of trying to
6:32
Speaker 3: devolve back to local decision making across de fut To order.
6:36
Speaker 3: That was very much an argument that was being put
6:39
Speaker 3: and that, you know, the idea that taking a national
6:43
Speaker 3: approach under to fut To Order was the wrong way
6:45
Speaker 3: to go. Soon for regions have been established and under
6:49
Speaker 3: that the districts remain and seemingly the PIY order legislation
6:52
Speaker 3: talks about localities and empowering people for local decision making
6:56
Speaker 3: that suited the local context. So it would be really
7:00
Speaker 3: nice to know consistently what this government actually wants, what
7:05
Speaker 3: they're going to support. And I think local people understand
7:09
Speaker 3: that what is right for in Chicago may not be
7:11
Speaker 3: right for West Coast or the chie Cutter. So I think,
7:15
Speaker 3: you know, we need to we need to be sensible here,
7:18
Speaker 3: but we also need to respect the significant training and
7:22
Speaker 3: also responsibilities that a number of our senior doctors hold
7:25
Speaker 3: under legislation. Let them get on with their work, because.
7:28
Speaker 2: Do doctors actually have a duty to advise on things
7:31
Speaker 2: like fast food.
7:33
Speaker 3: Yeah, they do. So that's a core component. You know,
7:36
Speaker 3: medical public health is in some respect about the social
7:41
Speaker 3: and commercial determinants of health. You know, their patients, if
7:44
Speaker 3: you like, is the whole populations of whole communities as
7:49
Speaker 3: wide as the whole of New Zealand. That's why you know,
7:51
Speaker 3: immunizations is an easy example to understand that if enough
7:56
Speaker 3: people get immunized, that's a health prevention activity. People are
8:00
Speaker 3: less likely to be infected if in setious disease arrives, right,
8:05
Speaker 3: and so it helps to prevent against that. People don't
8:09
Speaker 3: always see as clearly the widest social harms that can
8:13
Speaker 3: be caused, for example, about access to you know, alcohol, tobacco,
8:17
Speaker 3: fast food. They absolutely have an impact on people's health
8:21
Speaker 3: and well being. And if where you live you have
8:25
Speaker 3: ready access to those things and you can't afford to
8:28
Speaker 3: buy healthier food, that is also going to have an
8:32
Speaker 3: impact at a community level on people's health and well being.
8:36
Speaker 3: So doctors do have an obligation, based on evidence what
8:39
Speaker 3: we know, to talk about those things.
8:42
Speaker 2: If doctors aren't giving the advice, who do we turn to.
8:45
Speaker 3: That's a very good question. Isn't it. I don't know.
8:51
Speaker 3: It's a little early in the days. I mean to
8:53
Speaker 3: give you a proper, a proper answer on that, but
8:56
Speaker 3: I think you know. The point is, we have a
8:58
Speaker 3: trained and qualified cohort of professionals who can give us
9:02
Speaker 3: that information. Why would we not use it?
9:06
Speaker 2: So is there a plan to avoid the overreach?
9:08
Speaker 3: Hair Sarah, Well, we will keep supporting our members to
9:12
Speaker 3: speak out about what the evidence says and about what
9:18
Speaker 3: is the right thing to do. We certainly will continue
9:21
Speaker 3: to support them to speak out for patient safety because
9:24
Speaker 3: I think that is absolutely critical and that is what
9:26
Speaker 3: the people of New Zealand want.
9:28
Speaker 2: Sarah Dalton, thank you for joining me this morning. Appreciate
9:31
Speaker 2: that was the executive director of the Association of Salaried
9:34
Speaker 2: Medical Specialists. Up next, home loan rates are coming down,
9:38
Speaker 2: so is it time to fix for longer? We're going
9:40
Speaker 2: to talk about that next. It's eighteen past five.
9:44
Speaker 1: Really addition, with one roof make your property search simple,
9:48
Speaker 1: News Dog said.
9:49
Speaker 2: Be five twenty core logic as forecasting borrowers will fix
9:53
Speaker 2: the longer as mortgage rates come down. Ninety percent of
9:56
Speaker 2: home loans we're floating or fixed for less than a
9:59
Speaker 2: year in January. But as rates get more affordable, homeowners
10:02
Speaker 2: are fixing for longer. Call Logic chief property economist Calvin
10:06
Speaker 2: Davidson is with us now, Good morning, Calvin, Good morning.
10:09
Speaker 2: So you're seeing evidence of this that people are fixing
10:12
Speaker 2: for longer.
10:13
Speaker 4: Yeah, it's anecdotal at this point. We don't actually have
10:17
Speaker 4: the hard figures on it you get. I'm expecting in
10:19
Speaker 4: a couple of weeks we get February's data from the
10:22
Speaker 4: Reserve Bank, I'd expect that will probably start to show
10:24
Speaker 4: that trend, because, of course, in February we saw some
10:27
Speaker 4: pretty you know, pretty intense competition re emerge that those
10:32
Speaker 4: two and three year horizons, those fixed rates, the Bank's
10:35
Speaker 4: really got competitive for those rates in February. So once
10:38
Speaker 4: we get their data, I think we'll see it in
10:40
Speaker 4: the facts. But right now, saying anecdotically, hearing from people
10:44
Speaker 4: that those two and three year rates are starting to
10:47
Speaker 4: get more popular again.
10:48
Speaker 2: So when do you expect we will see a solid
10:50
Speaker 2: switch to longer fixing.
10:53
Speaker 4: Well, I mean, I think it could happen fairly quickly.
10:55
Speaker 4: And once you once you're start to get those two
10:57
Speaker 4: and three year rates below five percent, that's pretty appealing,
11:01
Speaker 4: and particularly with the uncertainty around the world with various things,
11:05
Speaker 4: people might just be starting and sinking. Okay, I wouldn't
11:07
Speaker 4: mind some certainty over that two or three year period,
11:10
Speaker 4: So I mean, no guarantees. We've seen a lot of
11:13
Speaker 4: popularity for those shorter term flixes lately and may not
11:18
Speaker 4: shift overnight, but you can certainly see the appeal of
11:21
Speaker 4: those rates below five percent, the.
11:23
Speaker 2: Low rates, the competition. What impact will this have on
11:25
Speaker 2: the property market.
11:28
Speaker 4: I mean, well, we're already seeing the property market more
11:30
Speaker 4: generally start to turn around. It's fairly slow progress, and
11:34
Speaker 4: it's been a pretty deep downturn. It's been quite prolonged.
11:37
Speaker 4: But we've seen before the impact that lower mortgage rates
11:40
Speaker 4: can have, and I think it's starting to come through now.
11:43
Speaker 4: We've seen sales rising for probably a year or so.
11:46
Speaker 4: It's been slow and from a low level, but sales
11:49
Speaker 4: are rising, and we saw house prices starting to take
11:52
Speaker 4: up again in February. So I think we're seeing that
11:55
Speaker 4: evidence now. But the game is there's probably reason for
11:59
Speaker 4: a restraint because at the same time, there's still a
12:01
Speaker 4: lot of less things. The economy are still a bit weak.
12:04
Speaker 4: There's restraint in terms of say, debt to income ratio
12:08
Speaker 4: restrictions from the reserve banks. So there's support effectors, but
12:12
Speaker 4: also things that are restraining the market too.
12:15
Speaker 2: Is it benefiting or encouraging investors.
12:18
Speaker 4: Yeah, we're definitely seeing investors coming back. That's been a
12:21
Speaker 4: trend for probably about nine months now. They reached to
12:25
Speaker 4: tros in terms of their bucket share at least about
12:28
Speaker 4: sort of April May last year, and then since then
12:31
Speaker 4: the tax rules had gone a little bit easier for investors,
12:35
Speaker 4: and of course mortgage rates have come down, so that's
12:37
Speaker 4: really helping to reduce those top ups that most investors
12:41
Speaker 4: would require for a new rental purchase, so in other words,
12:45
Speaker 4: topping up the cash flow from other sources of income.
12:49
Speaker 4: As mortgage rates come down, those top ups come down,
12:52
Speaker 4: and so yeah, there's evidence that investors are coming back
12:56
Speaker 4: as those cash flowers improve. So I think probably a
12:59
Speaker 4: busier year for investors this year too.
13:01
Speaker 2: Calvin, is this a sign that interest rates are about
13:03
Speaker 2: as low as they're going to get for the next
13:04
Speaker 2: few years?
13:07
Speaker 4: Well, a million dollar question again, Yeah, and you know,
13:10
Speaker 4: there's no financial advice or anything here, but I mean
13:13
Speaker 4: we've I think we probably have seen the biggest falls
13:16
Speaker 4: and mortgage traits in his face that they've come down
13:18
Speaker 4: pretty sharply in a recently short period of time, and
13:22
Speaker 4: they're not they're very unlikely to go back to those
13:25
Speaker 4: those COVID levels. So yeah, I mean, once we start
13:28
Speaker 4: to get rates in that four and a half to
13:30
Speaker 4: five percent kind of range, which is what we've got now,
13:34
Speaker 4: you'd have to think that's getting fairly close to the bottoms.
13:37
Speaker 4: So yeah, so big decisions for people.
13:41
Speaker 2: Thank you, Calvin, appreciate your time this morning. That was
13:43
Speaker 2: Calvin Davidson, Core Logic, Chief Property Economist, twenty four past.
13:47
Speaker 1: Five, the early edition for All the Show podcast on
13:50
Speaker 1: iHeartRadio powered by News Talks at Me.
13:54
Speaker 2: It is twenty six past five. You're with early edition, Jee,
13:57
Speaker 2: we've gone stadium man here in Auckland. We already had
14:00
Speaker 2: seven pretty substantial stadiums ranging from four thousand person capacity
14:04
Speaker 2: to fifty thousand, spread across the city from the north
14:06
Speaker 2: short amount Eden Penrose to Manco, not including other sporting
14:10
Speaker 2: and event spaces. But we can't stop suggesting we build
14:14
Speaker 2: more while we wait for Auckland councilors to ponder feasibility
14:18
Speaker 2: studies done by Eden Park in the proposed new waterfront
14:20
Speaker 2: stadium in Key Park and announce who will go on
14:23
Speaker 2: to win the title of Auckland's main stadium. Another stadium
14:27
Speaker 2: is being pitched, this time for Western Springs, So Western
14:30
Speaker 2: Springs Speedway has its final event on Saturday night. Although
14:34
Speaker 2: we've heard that before and now Auckland Council is interested
14:36
Speaker 2: in what to do with this valuable inner city site.
14:40
Speaker 2: This really is an exciting opportunity, especially after years of
14:43
Speaker 2: kafuffle around the speedway. Auckland might not need another entertainment
14:48
Speaker 2: or sporting venue, but they are really nice to have,
14:51
Speaker 2: especially when someone else is coughing up the money for them.
14:54
Speaker 2: So Auckland has to ask itself what facilities do we need,
14:57
Speaker 2: what would the inner city benefit from and can these
14:59
Speaker 2: new facilit be used by as many teams and individuals
15:02
Speaker 2: as possible. Real estate this valuable needs to be well
15:06
Speaker 2: utilized year round. That's why quite like the proposal from
15:09
Speaker 2: the team behind Auckland FC. The proposal for their new
15:12
Speaker 2: facility features a twelve thousand, five hundred seeded stadium, covered
15:16
Speaker 2: basketball courts and paddle courts. It's champion and backed by
15:20
Speaker 2: Stephen Adams, Ali Williams, Anna Mowbray and billionaire football owners
15:25
Speaker 2: Bill Foley and Bennett Rosenthal. The group of targeted football,
15:29
Speaker 2: basketball and paddle because they are the fastest growing sports
15:32
Speaker 2: in the world but lack infrastructure in Auckland, so they're
15:35
Speaker 2: not just meeting a community need. It's also going to
15:37
Speaker 2: be the home of Auckland FC, signaling this team is
15:41
Speaker 2: a long term commitment, so that they're all good things.
15:45
Speaker 2: I mean, I would observe things have gone pretty well
15:47
Speaker 2: at go Media Stadium for Auckland FC this season, but
15:50
Speaker 2: maybe not everyone likes traveling to Penrose. Maybe it's felt
15:53
Speaker 2: an inner city location near hospo hubs will help sustain
15:56
Speaker 2: interest in the team. Yes, my tongue is on my cheek.
15:59
Speaker 2: According to the seen the proposal, this sporting facility would
16:02
Speaker 2: be built at zero cost to the right player. The
16:04
Speaker 2: only downside is the existing occupants, the Pontsibly Rugby Club
16:07
Speaker 2: would need to move and of course it need to
16:08
Speaker 2: be supported to do this. There are two more proposals.
16:12
Speaker 2: The Pontsib Rugby Club wants to turn it into a
16:14
Speaker 2: bigger venue and the entertainment group wants to turn it
16:16
Speaker 2: into a multipurpose entertainment and community sports venue, but we
16:21
Speaker 2: yet to hear the details on those proposals. In fact,
16:23
Speaker 2: there is a lot of information were yet to see.
16:26
Speaker 2: But fingers crossed this process will move faster than the
16:29
Speaker 2: decision around the speedway. Whatever plans are presented, Remember the
16:35
Speaker 2: locals are a vocal and determined lot. Win them over
16:38
Speaker 2: and you might just have a chance. So do you
16:42
Speaker 2: love it? Do you say? Bring it on? Have you
16:44
Speaker 2: been dry dying to try paddle and you're wondering what
16:48
Speaker 2: paddle is? It's that game that all the F one
16:50
Speaker 2: players play. You know, It's kind of like tennis, but
16:52
Speaker 2: the balls are allowed to hit the wall and slightly
16:54
Speaker 2: different racket and a slightly different ball. I sort of
16:57
Speaker 2: sound like I'm not I'm talking about right. I'm all
17:00
Speaker 2: in for new facilities. I think it'll be a tough
17:02
Speaker 2: choice on the Pope Ponts and be Rugby Club, but
17:04
Speaker 2: they're the only ones with the plan and no money
17:07
Speaker 2: to pay for it. And as I said, it's a
17:09
Speaker 2: nice to have, not a need. So keen to hear
17:12
Speaker 2: from you ninety two ninety two what would you like
17:14
Speaker 2: to see done with the Western Springs? You're with early edition?
17:19
Speaker 2: We can love love things that we know.
17:24
Speaker 4: We can go forever till you are listen it out.
17:29
Speaker 1: The news you need this morning and the in depth
17:31
Speaker 1: analysis early edition with one roof make your property search simple.
17:36
Speaker 1: News Talk said, be you.
17:38
Speaker 3: Are men because I'm feeling messy.
17:43
Speaker 4: Ectly you told me get.
17:45
Speaker 5: A job and your love.
17:49
Speaker 2: Good morning. This is early edition on news Talks. There'd
17:51
Speaker 2: be I'm franchise because I've been filling in for Andrew today.
17:53
Speaker 2: Thank you for being with us, and the next half
17:55
Speaker 2: are we head to the US. A call has taken
17:57
Speaker 2: place early this morning, our time, between and Trump, so
18:00
Speaker 2: we're going to get the latest on that, and we're
18:03
Speaker 2: really hoping for good news today that New Zealand has
18:05
Speaker 2: crawled its way out of a recession. We're going to
18:07
Speaker 2: get the queue four GDP data this morning. Most of
18:10
Speaker 2: the ex books think we have, but we should be
18:13
Speaker 2: very reserved with our expectations. It looks like economic recovery
18:17
Speaker 2: is going to be a slow grind, so we're going
18:19
Speaker 2: to cover this off before the end of the hour. Hey,
18:22
Speaker 2: thanks so much for your feedback. Most of you seem
18:25
Speaker 2: to think that a twelve five hundred seated stadium is
18:28
Speaker 2: far too small for Auckland FC because they've been getting
18:32
Speaker 2: great crowds out at go Media Stadium, so a lot
18:34
Speaker 2: of comments on the fact that that's not too big.
18:37
Speaker 2: Here's the thing. I presume they've worked out what size
18:39
Speaker 2: stadium they can fit as well as having those other facilities.
18:42
Speaker 2: And I do think it is important that they are
18:44
Speaker 2: offering other facilities, not just another stadium, because you might
18:47
Speaker 2: as well just stay at use one of the many
18:49
Speaker 2: other stadiums we have. So I like the fact that
18:52
Speaker 2: offering other options and other text degrees. I like the
18:56
Speaker 2: idea of a new, fully purpose stadium with further sports
18:59
Speaker 2: and mind we actually need rather than the same old
19:03
Speaker 2: and another text just when anything but housing keep with
19:08
Speaker 2: the feedback coming. You can text on ninety two ninety
19:11
Speaker 2: two Does that be right? Let's head around the country
19:16
Speaker 2: and joining us from Dunedin is Callum Proctor, Good morning, Callum.
19:20
Speaker 2: I believe Contact Energy is to fight back after Southland
19:23
Speaker 2: wind Farm has been rejected.
19:25
Speaker 6: Yes, the Fast Track Consenting Panels shot down their proposal
19:29
Speaker 6: on Tuesday. They said it wasn't satisfied that adverse effects
19:32
Speaker 6: on indigenous plants and animals could be properly mitigated. Look,
19:37
Speaker 6: this is a one billion dollar project. Local councils and
19:40
Speaker 6: e WE had approved it, but Forest and Bird and
19:43
Speaker 6: some local and landowners are opposed to it. Contact Boss
19:47
Speaker 6: Mike Fuge says the rejection will add millions of dollars
19:50
Speaker 6: and costs years of delays, and it sends the message
19:52
Speaker 6: that New Zealand is not open for business. The company
19:55
Speaker 6: will appeal or seek a consent under the new fast
19:58
Speaker 6: track consent process.
20:00
Speaker 2: Needin's weather column.
20:01
Speaker 6: Yep, fine today morning and evening cloud nor easterly develops
20:04
Speaker 6: the high today twenty.
20:05
Speaker 2: Sounds lovely, Thank you so much. Claire Sherwood is in
20:08
Speaker 2: christ yet, Good morning Claire. Now what is this about
20:11
Speaker 2: teachers being stabbed at a school?
20:13
Speaker 7: Yes, Francesca look the Ministry of Educations offering support to
20:16
Speaker 7: a christ Church school after a student attacked two teachers
20:20
Speaker 7: yesterday with a pair of scissors. Emergency services were called
20:24
Speaker 7: to at nue's Highata Community campus at around two in
20:27
Speaker 7: the afternoon. Principal Peggy Burrows says the assault did happen
20:31
Speaker 7: in front of a number of students and staff. That's
20:33
Speaker 7: been confirmed by parents who say children as young as
20:36
Speaker 7: seven eighty nine saw it all unfolding. The principal says
20:40
Speaker 7: the two teachers did receive some medical attention but didn't
20:43
Speaker 7: need hospital. They recovering well. They won't be back at
20:46
Speaker 7: school for the rest of this week at least police Meanwhile,
20:49
Speaker 7: I'm making inquiries into the incident.
20:51
Speaker 2: Goodness May and the weather today.
20:53
Speaker 7: Mostly cloudy with Sampachi morning drizzle, then fine spouls, increasing
20:57
Speaker 7: northeasterlies and a high of nineteen.
20:59
Speaker 2: Thank you. Max Toole is in Wellington and Max Wellington
21:04
Speaker 2: Facebook page is up for sale.
21:06
Speaker 5: Yeah sounds a little odd, doesn't it. This is vic Deals,
21:10
Speaker 5: a group created in twenty twelve. It operates as a
21:12
Speaker 5: sort of community notice board where residents can list items
21:16
Speaker 5: for sale, advertise their businesses, debate local issues, post emergency
21:20
Speaker 5: updates when they need to from around the city. It
21:23
Speaker 5: is a business. It contains advertising. It's got nearly a
21:26
Speaker 5: quarter of a million followers two and a half million
21:29
Speaker 5: page views per month. Owner Charlie Ward calls it a
21:32
Speaker 5: modern and organic way to reach customers for businesses. Ward himself,
21:37
Speaker 5: by the way twenty two, but he's listed it for sale.
21:40
Speaker 5: Facebook pages incidentally still considered effective in a number of ways.
21:43
Speaker 5: Former Mayor Justin Lester very recently turned his mayoral page
21:47
Speaker 5: into a Wellington community Facebook page called Wellington Alive, which
21:52
Speaker 5: seemed to be a testing ground for him to perhaps
21:55
Speaker 5: decide whether to run again. Wellington Live is another one.
21:58
Speaker 5: The owner there is running for mayor a platform for
22:02
Speaker 5: a platform.
22:03
Speaker 2: Max, I do feel a little bit of a snigger
22:05
Speaker 2: there when you say Facebook, just a little Wellington's we're the.
22:10
Speaker 5: Today, sure, mostly cloudy with the odd shower seventeen the
22:14
Speaker 5: high Central.
22:15
Speaker 2: Thank you so much and never ritty Manho was in
22:17
Speaker 2: the Auckland studio.
22:17
Speaker 8: Are you awake?
22:18
Speaker 2: You're with us? Hang on, that's all right, that's just
22:22
Speaker 2: the producer. We're on to it now.
22:24
Speaker 9: She probably thought I was sitting in the other seat.
22:26
Speaker 2: Good morning, good morning. How you have to say you're
22:29
Speaker 2: looking very tenned am? I? Yes?
22:31
Speaker 9: Is that natural? Or is it fake?
22:33
Speaker 10: Fake?
22:34
Speaker 2: Oh? Yeah, goods out of a bottle.
22:37
Speaker 9: I must drie one of those.
22:38
Speaker 2: Yeah, no, I think this is an Australian glow I
22:41
Speaker 2: have on here out of a bottle.
22:44
Speaker 9: All right, I'll take bick my compliment then, O oh no, no,
22:49
Speaker 9: it's very good, very good.
22:50
Speaker 2: Got up early for that compliment, got held up by
22:55
Speaker 2: by a house this morning on the way to work.
22:56
Speaker 2: You don't say that very often. It was a house moving.
23:00
Speaker 5: Oh my goodness.
23:00
Speaker 2: Those trucks they do just literally go down the middle
23:02
Speaker 2: of the road. They do where we're coming from. This
23:05
Speaker 2: was on Great South Throat heading towards Green Lane. So
23:08
Speaker 2: they were fascinating.
23:09
Speaker 9: Oh okay, so it took you about an hour to
23:10
Speaker 9: get you because they go and good on them because
23:12
Speaker 9: they've got to be safe.
23:13
Speaker 2: Instead of thirteen Oh yeah, no, anyway, hey, look let's
23:16
Speaker 2: get on with us.
23:17
Speaker 9: Yes, so look the Minister of Auckland now he is
23:19
Speaker 9: defending this anti crime fund being solely targeted for Auckland CBD.
23:24
Speaker 9: Now Sime and Brown yesterday if you missed the sea
23:27
Speaker 9: and now it's one point three million dollars, it's going
23:29
Speaker 9: to go towards improved security measures across the city center. Now,
23:33
Speaker 9: Brown says, the CBD's got to go to the CBD
23:35
Speaker 9: because it's the gateway for visitors and it's got the
23:37
Speaker 9: highest concentration of crime in the city. But as you
23:40
Speaker 9: can imagine, other areas are not happy about this. Monaco
23:43
Speaker 9: counselor Law two fully says, look, her area has got
23:47
Speaker 9: the second highest concentration needs and that needs, you know,
23:50
Speaker 9: to help tackle crime as well. So she's just come
23:53
Speaker 9: out and see there's more to Auckland than the CBD.
23:56
Speaker 9: But I suppose I've got to prioritize it. Thought they.
23:58
Speaker 2: She's got a point though with it.
24:00
Speaker 9: Today mainly fine apart from this morning. Cloud twenty four
24:03
Speaker 9: is the high today, another day for a good ten.
24:06
Speaker 2: Thank you so much for joining us, Nava. Where would
24:09
Speaker 2: we we without you? Our next we're off the UIs.
24:12
Speaker 2: Mitch McCann is with us. It is sixteen to.
24:15
Speaker 1: Six International correspondence with Ends and Eye Insurance, Peace of
24:20
Speaker 1: mind for New Zealand business.
24:23
Speaker 2: It is quarter to six and Mitch McCann from the
24:25
Speaker 2: UIs joins me.
24:26
Speaker 8: Now, Good morning, Mitch, Good morning Francesca. How are you good?
24:29
Speaker 2: Thank you? So Zelenski and Trump have talked over the
24:31
Speaker 2: phone this morning. What do you know about the call?
24:34
Speaker 8: Yeah, they spoke in the last couple of hours. Donald
24:37
Speaker 8: Trump put a social media statement out saying that the
24:39
Speaker 8: much of the discussion was based on the call Trump
24:41
Speaker 8: had with Vladimir Putin yesterday in order to align both
24:45
Speaker 8: Russia and Ukraine, and he added that we are very
24:47
Speaker 8: much on track now. The White House is going to
24:50
Speaker 8: put more information about this call with Zelenski out in
24:53
Speaker 8: the coming hours. We do know Vladimir Zelenski will want
24:56
Speaker 8: to know exactly what Vladimir Putin told Donald Trump yes
24:59
Speaker 8: today their phone call when Putin agreed to this limited
25:02
Speaker 8: cease fire. But we know obviously there is a lot
25:05
Speaker 8: of distrust on zelensky side towards Russia. He believes that
25:10
Speaker 8: he's already violated this limited seas fire and if there
25:13
Speaker 8: is one going forward, he wants the US to monitor
25:16
Speaker 8: it so they can keep an eye on the Russian
25:18
Speaker 8: So we'll find out more about what was said in
25:20
Speaker 8: that phone call in the next hour or so.
25:22
Speaker 2: And hopefully we'll find out more about how we're going
25:24
Speaker 2: to move forward, right, Yeah, that's right.
25:26
Speaker 8: And we know that the officials from the US and
25:29
Speaker 8: Russia are going to be meeting in Saudi Arabia next
25:32
Speaker 8: Monday and Tuesday to discuss the technical details of a
25:36
Speaker 8: partial cease fire. Things are looking good going forward, but
25:39
Speaker 8: as we know with what we've seen in other parts
25:41
Speaker 8: of the world, these things can fall apart very quickly.
25:44
Speaker 2: Match It's also been reported the Pentagon is looking to
25:47
Speaker 2: significantly reduce its workforce.
25:50
Speaker 8: Yeah, this is the latest example of the US government
25:52
Speaker 8: using this Department of Government Efficiency being run by Elon
25:57
Speaker 8: Musk to cut jobs, cut tens of thousands of jobs
25:59
Speaker 8: in the The latest agency is the Department of Defense,
26:04
Speaker 8: and it's reported that up to sixty thousand civilian jobs
26:07
Speaker 8: could be going there. But it comes at a bit
26:10
Speaker 8: of a messy time because two judges have actually ordered
26:13
Speaker 8: that some of the layoffs are illegal. Now the White
26:16
Speaker 8: House is having to try and re hire twenty five
26:18
Speaker 8: thousand of these people it already fired, so it's getting messy.
26:22
Speaker 8: But the layoffs certainly do continue as they're on their
26:25
Speaker 8: mission to shrink the size of the government.
26:28
Speaker 2: Thank you so much, mtch appreciate your time this morning.
26:31
Speaker 2: Of course, my costing breakfast will be across this Zelensky
26:34
Speaker 2: Trump conversation. As Mitch said, we've only had limited details
26:39
Speaker 2: about it, and I'm sure that they'll be covering whatever
26:41
Speaker 2: else is released on that throughout the morning. It is
26:45
Speaker 2: eleven to.
26:45
Speaker 1: Six zibby right.
26:49
Speaker 2: It's hoped we'll get confirmation today that New Zealand is
26:52
Speaker 2: crawling out of its recession. The GDP number for Q
26:56
Speaker 2: four last year is out this morning. Most economists are
26:59
Speaker 2: picking a rise between point three and point five percent,
27:03
Speaker 2: but that comes off the back of a one point
27:05
Speaker 2: one percent and one percent drop in Q three and
27:08
Speaker 2: Q two last year asb chief economist, and it toughly
27:11
Speaker 2: is with us.
27:12
Speaker 1: Now.
27:12
Speaker 2: Good morning, Nick, thanks for your time.
27:14
Speaker 10: Good morning.
27:15
Speaker 2: What numbers are you picking?
27:17
Speaker 10: We are picking a point three percent lift and that's
27:21
Speaker 10: the same as the Reserve Bank, So I think you
27:23
Speaker 10: had a good analogy there. It is crawling, particularly when
27:25
Speaker 10: you put in that context of just how much things
27:27
Speaker 10: slowed down during middle parts of last year.
27:30
Speaker 2: So the fact that we're going to be out of
27:32
Speaker 2: a technical recession, that's good news, but this growth is
27:35
Speaker 2: still pretty anemic, right.
27:37
Speaker 10: It is going to be a gradual recovery. I think
27:39
Speaker 10: what we need to remember is that interest rates have
27:42
Speaker 10: been falling for a little bit, but it hasn't been
27:44
Speaker 10: until probably that fourth quarter of last year where we
27:47
Speaker 10: started to see the average mortgage rate that people were
27:50
Speaker 10: paying start to decline and start to actually impact on
27:54
Speaker 10: people's cash flows. So we do see that we'll be
27:57
Speaker 10: seeing those glimmers of light and consume the spending coming through,
28:01
Speaker 10: which is a really really good start signaling recovery. But
28:04
Speaker 10: we are really being saved over their quarter, assuming that
28:07
Speaker 10: we do have a positive number by things like agriculture
28:10
Speaker 10: where we had really great weather in the dairy season
28:13
Speaker 10: in particular, had a really strong lift into Christmas.
28:17
Speaker 2: Yes, So as you're taking a look at the sectors
28:19
Speaker 2: which are on the improve, which ones do you think
28:21
Speaker 2: we'll have given it a boost and which ones would
28:24
Speaker 2: you sort of hope to see better performance from going forward.
28:30
Speaker 10: Where we've seen some good time sort of coming through
28:33
Speaker 10: it is dairy in the meat sector, so strong sort
28:37
Speaker 10: of meat production as well, and despite what's happening in
28:40
Speaker 10: the US for the time being anyway, they haven't given
28:43
Speaker 10: up eating handburgers, which has really helped a lot. So
28:46
Speaker 10: that's been good. That retail sector through spending, also being
28:50
Speaker 10: helped by tourism, so expect those aspects to come through
28:53
Speaker 10: and help us out. Where things are still looking quite
28:57
Speaker 10: soggy is in construction, so we're still coming out of
28:59
Speaker 10: the tail end of the impacts of the housing market
29:02
Speaker 10: and more general properties slow down, so that sector really
29:05
Speaker 10: struggling still in the short term.
29:07
Speaker 2: You mentioned the glimmers. We all like a glimmer. How
29:10
Speaker 2: long do you think it will take the country to
29:12
Speaker 2: bounce back from the major drops last year, Are we
29:14
Speaker 2: going to see a boom or much more of a
29:17
Speaker 2: slow burn.
29:19
Speaker 10: It's I think much more realistic if we look at
29:21
Speaker 10: this as being a slow burn. It's going to be
29:23
Speaker 10: I think a bit of a challenge to suddenly see
29:25
Speaker 10: the economy rebound and recover two percent than the conditions
29:28
Speaker 10: that we're facing. But look where we've got some good
29:31
Speaker 10: tailwinds is those low interest rates gradually working their way
29:35
Speaker 10: through this year, the good payouts that the farmers are getting,
29:38
Speaker 10: the tourism sector picking up or working their way through.
29:42
Speaker 10: And it's not obviously just about a dairy story. That
29:45
Speaker 10: meets story as well starting to shine through. So look
29:48
Speaker 10: at it as gradual recovery rather than sharp rebound. We're
29:52
Speaker 10: going back to more normal interest rates sessions rather than
29:54
Speaker 10: dropping to some really low level where we all can't
29:57
Speaker 10: afford not to borrow.
29:58
Speaker 2: Zer point three percent rise enough for the government to
30:01
Speaker 2: convince us things are turning around.
30:04
Speaker 10: Look, it's a really good sign if we get a
30:07
Speaker 10: positive number that we are starting to crawl our way
30:09
Speaker 10: out of what's been a really challenging time. But look,
30:13
Speaker 10: the challenges is that with growth being relatively modest, we're
30:16
Speaker 10: not going to be suddenly getting back to low levels
30:20
Speaker 10: of unemployment that quickly as well. And look, the general
30:24
Speaker 10: challenges that the government faces are still around getting productivity
30:28
Speaker 10: back up after a number of years of it been
30:30
Speaker 10: very very weak, and really focusing on what it can
30:33
Speaker 10: do to enable growth, bring back the confidence, get people
30:38
Speaker 10: making decisions that help the economies back up.
30:43
Speaker 2: I was going to ask you what the risks are
30:45
Speaker 2: for the economy to continue to grow.
30:50
Speaker 10: Where we are most vulnerable and most countries are at
30:53
Speaker 10: the moment is what's happening globally at the moment, mainly
30:57
Speaker 10: around Donald Trump. And there's a few areas where that's
30:59
Speaker 10: impact just simply all the going back and forth on
31:05
Speaker 10: whether there's the tariff or not. The fact that he
31:07
Speaker 10: is also hitting a lot of his allies with tariffs
31:12
Speaker 10: is creating a lot of uncertainty, and certainty is not
31:15
Speaker 10: great for making clear decisions. So there is that risk
31:18
Speaker 10: to global growth of it being slowed by both the uncertainty.
31:21
Speaker 10: And that's even before you get into the drag that
31:24
Speaker 10: we could have if we get some quite widespread tariffs.
31:27
Speaker 10: And we are also going to have to be mindful
31:29
Speaker 10: when we roll round into April and we get our
31:31
Speaker 10: report card on our trade practices, whether or not we
31:34
Speaker 10: get directly impacted by tariffs as well. So biggest risks
31:37
Speaker 10: seem to be coming from globally, whereas domestically, with interest
31:40
Speaker 10: rates coming down, it's really a matter of time until
31:43
Speaker 10: they start to work through and improve the economy locally.
31:48
Speaker 2: So that Keith Q four numbers out at mid day.
31:50
Speaker 10: Nick ten forty five is when we get those releases
31:54
Speaker 10: coming through. So everybody tune into the radio ten forty five.
32:00
Speaker 2: Order number it exciting day. Thank you so much, Nick Toushley,
32:04
Speaker 2: their ASV chief economist. It is six to six. I've
32:08
Speaker 2: got a surprise for you. Next you're with Early Edition.
32:11
Speaker 1: The first word on the news of the day Early
32:14
Speaker 1: Edition where one roof will make your property search simple.
32:18
Speaker 1: The news talks that'd.
32:19
Speaker 2: Be it is four to six. Look he probably heard
32:22
Speaker 2: in the news we've been talking about stadiums this morning,
32:24
Speaker 2: and something actually very special happened at Go Media Stadium
32:27
Speaker 2: in Auckland last night, and that is that Sam Ruth
32:30
Speaker 2: became New Zealand's became the youngest person in history to
32:33
Speaker 2: break the four minute mile barrier. He's a fifteen year
32:37
Speaker 2: old from Totonger, he's an incredible talent. But not only
32:40
Speaker 2: was that pretty special, but also Ben Wall broke the
32:43
Speaker 2: mark for the first time in three minutes and fifty
32:45
Speaker 2: nine seconds. And the other really special thing about it
32:48
Speaker 2: was that these two guys were paced by Olympian Sam Tanner,
32:51
Speaker 2: who won the race. But the look on his face
32:54
Speaker 2: when he realized that the three of them had all
32:56
Speaker 2: come in, you know, under four minutes, was just wonderful. Anyway,
33:03
Speaker 2: you know, there's going to be I know that a
33:04
Speaker 2: lot of people are we expecting great things from Sam Ruth.
33:08
Speaker 2: I hope he just feels his own way, takes his
33:10
Speaker 2: time and just enjoys running. Still now, I said I
33:14
Speaker 2: had a surprise for you this morning, and he has
33:17
Speaker 2: just walked into the studio this morning. We are joined
33:19
Speaker 2: by Ryan Bridge, who got a rather late call up.
33:23
Speaker 2: I did, good morning, but I'm very grateful has turned up.
33:26
Speaker 9: I'm here.
33:27
Speaker 5: I'm here, so Mike is unwell today.
33:30
Speaker 6: I'm going to be filling in for Mike throughout the morning,
33:32
Speaker 6: so I look forward to chatting to you where I'm
33:33
Speaker 6: going to chat to Sam Ruth.
33:35
Speaker 2: Actually are you?
33:36
Speaker 1: He's a man on a mission.
33:37
Speaker 2: Give him a love, give him congratulations, he's amazing. So
33:42
Speaker 2: Ryan Bridge is going to be with you. I'll be
33:44
Speaker 2: back tomorrow morning. Have a great day.
33:53
Speaker 1: For more from Early Edition with Ryan Bridge, Listen live
33:56
Speaker 1: to news talks he'd be from five am weekdays, or
34:00
Speaker 1: of the podcast on iHeartRadio.