Latest / Early Edition with Ryan Bridge / Full Show Podcast: 28 May 2026

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Full Show Podcast: 28 May 2026 · Early Edition with Ryan Bridge

0:00
Speaker 1: The issues, the interviews and the insight. Ryan Bridge on
0:05
Speaker 1: an early edition with Spunk for business Technology that keeps
0:08
Speaker 1: business moving, news talks.
0:10
Speaker 2: There'd be a very good morning to you at Tuesday.
0:12
Speaker 2: Simon Bridges on the budget before six this morning. Mitch
0:15
Speaker 2: McCann is in New York. Everyone is claiming victory for
0:18
Speaker 2: this homeschool back down and the ocr split vote. What
0:21
Speaker 2: does that tell us the agenda? Ranian State TV reporting
0:27
Speaker 2: that a memorandum of understanding has been drafted between Iran
0:31
Speaker 2: and the US. The US reporting a bit of a
0:33
Speaker 2: different story.
0:35
Speaker 3: The White House has kind of denied those fourteen points
0:38
Speaker 3: being reported by Iranian state media earlier today. They insisted
0:42
Speaker 3: that the talks were going nicely, as they put it,
0:45
Speaker 3: and all they repeated was Trump's redline that Iran cannot
0:49
Speaker 3: have a nuclear weapon. I think some of those points
0:50
Speaker 3: that had been reported had already started raising some eyebrows
0:54
Speaker 3: here in Washington, just the mechanics of it.
0:56
Speaker 2: So we're in speculation town. Trump not going to be
0:58
Speaker 2: rushed to the economy is.
1:01
Speaker 4: In free fall. You have two hundred and fifty percent inflation,
1:05
Speaker 4: Their money has.
1:05
Speaker 2: No value, Their whole economic system is broken down. They
1:11
Speaker 2: thought they were going to outweait me. You know, we'll
1:13
Speaker 2: outweight him. But he's got the midterms. I don't care
1:15
Speaker 2: about the midterms.
1:16
Speaker 4: So what happened last night I was the reelude of
1:19
Speaker 4: the midterms. People understand that they know that very simple
1:23
Speaker 4: Iran cannot have a nuclear weapon.
1:25
Speaker 2: I'm doing that for the world.
1:26
Speaker 4: I'm not doing it just for it.
1:27
Speaker 2: Yeah, we'll talk about the midterms with much later on
1:30
Speaker 2: Tony Blair. You know Starma how well. Look, I don't
1:33
Speaker 2: think a lot of people think he's got much of
1:35
Speaker 2: a plan, and neither to Tony Blear.
1:37
Speaker 5: It's possible we're about to have the seventh prime minister
1:39
Speaker 5: in ten years. A serious country can't do that to itself.
1:43
Speaker 5: And what is bizarre about the present situation is that
1:47
Speaker 5: we're all talking about politics when the key thing is
1:50
Speaker 5: to talk about policy. If you don't decide what your
1:53
Speaker 5: policy direction is, there's no point in changing the leader.
1:55
Speaker 5: And so the whole essence of the essay is to
1:58
Speaker 5: say it should be see first politics.
2:01
Speaker 2: That got a good point there, doesn't They now the
2:03
Speaker 2: World Help organization. They want to cease fire because that
2:06
Speaker 2: will help contain and stop a bowler.
2:08
Speaker 6: What has become critical for us at this kiss and
2:10
Speaker 6: point is that even as we have population movements is
2:14
Speaker 6: to talk to people with clear information that is tamely.
2:18
Speaker 6: We are coordinating with the government and other organizations to
2:22
Speaker 6: ensure that we are coordinating because at these points coordination
2:26
Speaker 6: becomes critical to ensure that we stop the spread of
2:30
Speaker 6: them viras.
2:31
Speaker 2: A bunch of people in Loo went looking for gold
2:33
Speaker 2: inside a cave, got lost and got trapped. Eight days
2:36
Speaker 2: they've been and they're five of them being rescued. Here's
2:39
Speaker 2: the moment Bryan Bridge News Talk. It is eight minutes
2:51
Speaker 2: after five. Great to have you coming this morning. A
2:52
Speaker 2: couple of questions. First, Nick Toughly, he's on the show shortly.
2:56
Speaker 2: What is the internal versus external split? Tellure Reserve Bank?
3:00
Speaker 2: So you had it was evenly split until Anna Breman
3:04
Speaker 2: can't made a captain's call and did the deciding vote.
3:07
Speaker 2: But you've got the bankers, those who work for the
3:09
Speaker 2: Reserve Bank three on the committee holding. Then you got
3:13
Speaker 2: the outsiders wanting to hike. What does that tell you?
3:16
Speaker 2: Does that tell you that there are genuine economic disagreements
3:19
Speaker 2: and arguments going on here or does it tell you
3:22
Speaker 2: that there's a bit of group think going on here.
3:23
Speaker 2: Does it tell you that there's a bit of Stockholm
3:25
Speaker 2: syndrome going on over here, or maybe a bit of
3:28
Speaker 2: guilt about where the bank has been in the past.
3:31
Speaker 2: Do any of those factors play? Are any of those
3:34
Speaker 2: factors in play? We'll ask We'll ask Nick toughly about that.
3:37
Speaker 2: It is incredible that they have found. I'm always amazed
3:40
Speaker 2: by these stories. In fact, I listened to it. This
3:42
Speaker 2: is the what's happened in Laos the caves. They brought
3:46
Speaker 2: in cave divers from Thailand. Of course they lost those boys,
3:49
Speaker 2: so they quite got at doing it now looking for them.
3:52
Speaker 2: I'm always fascinated by these stories because imagine spending eight
3:56
Speaker 2: days in a cave like these guys went in there
3:58
Speaker 2: just to find some gold old apparently abandoned gold mine.
4:01
Speaker 2: When in their rains flooding landslides, they're trapped, they're stuck,
4:07
Speaker 2: and then the divers have to go in. And what
4:09
Speaker 2: the divers deal with and contend with is just incredible.
4:12
Speaker 2: So hundreds of meters they are navigating, and it's not
4:15
Speaker 2: just one straight line, constant restrictions as they go, floodwaters
4:20
Speaker 2: as they go, there are walls of the cave that
4:23
Speaker 2: are still collapsing as they're going. And then once you
4:27
Speaker 2: get out of the water and actually into a pocket
4:30
Speaker 2: of air, well that air can be contaminated. So it's
4:33
Speaker 2: just an absolute nightmare. So to go in there, I
4:36
Speaker 2: just hats off to them. I find it incredible every
4:38
Speaker 2: time it happens. In fact, I listen to a podcast
4:41
Speaker 2: called Against the Odds. If you into podcasts, is a
4:44
Speaker 2: good one, and to listen to Against the Odds and
4:46
Speaker 2: it goes through goes back to stories like this. So
4:49
Speaker 2: in about two years this podcast will be doing an
4:52
Speaker 2: episode of this particular event and it goes in and
4:56
Speaker 2: sort of minute by minute tells you how they do it.
4:59
Speaker 2: Fascinating stuff. Minutes after five News Talks head Bridge. So
5:03
Speaker 2: we'll talk about the OSR next. We'll also talk a
5:05
Speaker 2: little bit about because I know you're interested in Charmers
5:07
Speaker 2: and his budget and how that's going over there. You've
5:10
Speaker 2: now got a Western Australian labor leader coming out against
5:16
Speaker 2: the capital gains tax Labor Guy.
5:18
Speaker 1: Five eleven, Ryan Bridge on early edition with Spunk for
5:23
Speaker 1: Business Technology that Keeps Business Moving. News Talks headb five thirteen.
5:27
Speaker 2: Cabinet Meeting at the White House right now, Trump is speaking.
5:30
Speaker 2: Iran would use a new tomorrow if they were able to,
5:33
Speaker 2: if they had their hands on one. Of course, they've
5:35
Speaker 2: got enriched uranium. They've got almost weapons grade and rich uranium,
5:38
Speaker 2: but not quite there, not quite the full cigar oil
5:42
Speaker 2: would drop immediately and quickly. He says, if the war ends,
5:45
Speaker 2: I think they're getting close to the whole thing being
5:47
Speaker 2: wrapped up on a piece deal being signed. Five point thirteen,
5:50
Speaker 2: Ryan Bridge, So let's talk ocr two point twenty five percent.
5:54
Speaker 2: Everyone said that they wouldn't change. It didn't change, but
5:56
Speaker 2: the committee was split. So Governor arna Bremen makes a
5:59
Speaker 2: captain's call, holds it. Nick Tuffley asb Chief Economists. Nick,
6:03
Speaker 2: nice to have you on the show. Good morning. Oh
6:08
Speaker 2: I seem to be heaving right there you are, Nick,
6:09
Speaker 2: good morning, Hi there. Surprised how close it.
6:13
Speaker 7: Was, Yes, we were. We did think that the Reserve
6:17
Speaker 7: Bank would be getting closer to hiking rates, and that
6:22
Speaker 7: they would lift rates in July. But yeah, right down
6:25
Speaker 7: to the wire. Three versus three in a sense, and
6:28
Speaker 7: because the governor chairs it, who accounts twice, they've.
6:33
Speaker 2: Got predictions in there. I think we're at four point
6:37
Speaker 2: nine percent, the average mortgage interest rates at the moment
6:39
Speaker 2: going up to five point three five point four percent.
6:41
Speaker 2: I mean, once they start talking in the way that
6:44
Speaker 2: Arna Bremen was talking yesterday. If you've got a mortgage,
6:46
Speaker 2: mortgages are going up anyway, aren't they?
6:49
Speaker 7: If there have been since late last year when it
6:52
Speaker 7: was getting clear that the Reserve Bank wasn't going to
6:54
Speaker 7: cut any further and that the next move would be
6:57
Speaker 7: up at some point. So you have seen p people
7:01
Speaker 7: fixing at rates that are higher than what we had
7:03
Speaker 7: last year, and lot gats continued into this year. So
7:06
Speaker 7: that sort of average that people are paying across across
7:09
Speaker 7: the boards are going from four point nine to five
7:11
Speaker 7: point three. It's not too dramatic, but the impacts of
7:14
Speaker 7: that will will come through slightly over time. But yes,
7:17
Speaker 7: your window for a lot of mortgage you know, that
7:20
Speaker 7: sort of really did slamshut late last year, and unfortunately
7:25
Speaker 7: we're seeing we've already seen rates at a climb to
7:27
Speaker 7: some degree, and that will continue.
7:29
Speaker 2: Nick, do you find it interesting that the split was
7:31
Speaker 2: along internal versus external lines?
7:34
Speaker 7: Yeah, Look, it was fascinating and it's probably not too
7:38
Speaker 7: surprising to see all the internal Reserve Bank staff of
7:41
Speaker 7: a similar view because they were all working together preparing
7:43
Speaker 7: the view together. But having all the external sort of
7:46
Speaker 7: lined up was quite surprising because they are from different
7:50
Speaker 7: different backgrounds. You do have one professor, profounding guy who
7:55
Speaker 7: did some research that did suggest you should be lifting
7:58
Speaker 7: interest rates sooner later, so that wasn't a surprise. But
8:02
Speaker 7: some of the other members externally, they could well have
8:06
Speaker 7: had a very different view.
8:07
Speaker 2: Does it tell you that there might that there is
8:09
Speaker 2: a bit of group think that goes on in committees
8:12
Speaker 2: situations like this, Well.
8:15
Speaker 7: You potentially will get that with the internal staff if
8:18
Speaker 7: they all work together preparing the preparing the forecasts and
8:22
Speaker 7: the view. So I'm not too surprised at that end,
8:25
Speaker 7: but it was that was the surprise the external members.
8:29
Speaker 7: And look, you have one member who's got a rural background.
8:32
Speaker 7: You know, you might think that they are a lot
8:34
Speaker 7: more focused on what's happening on the ground, although the
8:37
Speaker 7: dairy sector is doing very well in one sort of
8:40
Speaker 7: more market and regulatory focused economist looking at it and
8:43
Speaker 7: all different backgrounds, but they all lined up and said
8:45
Speaker 7: lot rates should go up, which you know, you almost
8:48
Speaker 7: expect it to be the other way around. The internal
8:50
Speaker 7: staff saying, look, we need to put rates up. Inflation
8:53
Speaker 7: is going to be an issue and external people going
8:56
Speaker 7: I'll hang on call you jets a little bit now.
8:58
Speaker 2: One pod heavy on the show as always Nick Tuffley
9:01
Speaker 2: asb Chief Economist. Time is seventeen after five. Ry the
9:05
Speaker 2: Western Australian Premier Roger Cook. He's come out against Sarma
9:09
Speaker 2: and Chalmers capital gains taxes. Why because he is well
9:13
Speaker 2: from Western Australia mining state. This is a labor guy,
9:16
Speaker 2: by the way, so shouldn't be coming out against anything
9:19
Speaker 2: to do with labor, but he is because he knows,
9:22
Speaker 2: strangely enough, he can see that hurting business also hurts
9:25
Speaker 2: the workers that work there. Now, the Business Council of
9:28
Speaker 2: Australia NWA has come out and said that they already
9:32
Speaker 2: are seeing international investors turning away from Australia because of
9:37
Speaker 2: the capital gains tax hit exploration foreign investment. I mean
9:41
Speaker 2: big resource state here and money going out the door,
9:44
Speaker 2: walking out the door. Not good. So Roger Cook turning
9:50
Speaker 2: on the bosses in Canberra eighteen after five.
9:55
Speaker 1: The News you Need this morning and the in Depth
9:57
Speaker 1: and Elysis early edition with iron Bridge and Spark for
10:01
Speaker 1: Business Technology that keeps business moving, news.
10:04
Speaker 2: Talks that'd be time is five twenty you know, make
10:08
Speaker 2: a Field the by election over in the UK, that's
10:10
Speaker 2: going to get Andy burnhaman into Parliament so that he
10:12
Speaker 2: can try and topple Starma. While the A Greens have
10:15
Speaker 2: announced their candidate, well they had a candidate, then they
10:18
Speaker 2: dropped that candidate after twenty four hours and the new
10:20
Speaker 2: candidate is a local councilor. Her name is Sarah Wakefield.
10:23
Speaker 2: She runs a charity environmental charity called Eating Better and
10:28
Speaker 2: guess what eating Better stands for? Guess what Sarah Wakefield
10:31
Speaker 2: stands for. One of her main policies is decolonizing farming.
10:35
Speaker 2: Now I have tried to find out what exactly that
10:38
Speaker 2: means and I cannot make head nor tail of it.
10:41
Speaker 2: She has also shared guidance suggesting that perfectionism and a
10:45
Speaker 2: sense of urgency were examples of white supremacy culture. So
10:51
Speaker 2: anyone who does anything with a sense of urgency, you're
10:54
Speaker 2: an Nazi. Crayan Bridge DNA five twenty one. Government backing
10:58
Speaker 2: down on changes to its home schooling legislation. This after
11:01
Speaker 2: push back from keep Parents, from educators and from ACT
11:06
Speaker 2: and from New Zealand first, Laura McClure, Act Education Spokesperson
11:09
Speaker 2: with me this morning. Hey Laura, good morning, Good morning.
11:13
Speaker 2: So did you vote for this the other day?
11:16
Speaker 4: Yes?
11:16
Speaker 8: Look, I did vote for the amendment because at the
11:20
Speaker 8: speed in which it came up in the House meant
11:23
Speaker 8: that we you know, we had we had to vote
11:25
Speaker 8: for this part of the government and look, I was
11:30
Speaker 8: raising my concerns and David's office had been raising concerns
11:33
Speaker 8: in other ways, so that we could look at some
11:35
Speaker 8: kind of different outcome past voting for the m men
11:38
Speaker 8: in the House.
11:38
Speaker 2: So did you not when you say the speed of it,
11:41
Speaker 2: did you not really know what you were voting for? Oh?
11:44
Speaker 8: No, we knew what we were voting for, but the issues.
11:48
Speaker 2: Behind you voted against it.
11:51
Speaker 8: Because it came up so quickly in the last week
11:54
Speaker 8: and although we had had time to read through it,
11:58
Speaker 8: we hadn't had time to discuss with the Minister's office
12:01
Speaker 8: and come up with another solution. So it's part of
12:04
Speaker 8: the government committed to the coalition. Meant that we voted
12:08
Speaker 8: for it and we worked on a solution behind the scenes.
12:10
Speaker 2: Right, do you often vote for stuff that you don't
12:13
Speaker 2: agree with but that you have to do quickly.
12:17
Speaker 8: I wouldn't I wouldn't say that. I'd say that there
12:20
Speaker 8: are times where we have to vote for things in
12:23
Speaker 8: the House that don't always align exactly with ex philosophies.
12:28
Speaker 8: It's been part of a coalition and a smaller party.
12:30
Speaker 8: Of course, that happens. But this particular amendment did come
12:35
Speaker 8: up very quickly. It meant that we had not a
12:40
Speaker 8: lot of time to consider the amendment. The way the
12:42
Speaker 8: wording was written, it also meant that the homeschooling community
12:47
Speaker 8: in particular didn't have any time to have a stay
12:51
Speaker 8: and we felt that was really undemocratic.
12:53
Speaker 2: Yeah, and parents, I mean, if you're homeschooling your kid,
12:56
Speaker 2: you're not a horrible person, which I think was Is
12:59
Speaker 2: it fair to say that was kind of the view
13:01
Speaker 2: that was that the bill was taking.
13:05
Speaker 8: Look, that was definitely how the homeschooling community felt. They
13:09
Speaker 8: felt like they were essentially targeted because of a couple
13:14
Speaker 8: of examples and issues that were given, and they felt
13:17
Speaker 8: like they weren't consulted at all. And yeah, like we
13:22
Speaker 8: felt that we had thousands of emails over the last
13:25
Speaker 8: week in our inboxes, and it's fair to say the
13:28
Speaker 8: homeschooling community were right and we had to do something
13:32
Speaker 8: about it.
13:32
Speaker 2: All right. Laura Good TV on the show was always
13:34
Speaker 2: Laura McClure. Act time is twenty three after five. Brian,
13:39
Speaker 2: Dear Chathams. I love flying ear Chathams. I fly with them,
13:42
Speaker 2: have flown with them many times, including to the Company
13:44
Speaker 2: Coast because to parta parami they go Auckland to part
13:49
Speaker 2: of Paramu. Because often the flights and that specially if
13:51
Speaker 2: it's in New New Zealand, flight can be quite expensive
13:53
Speaker 2: going into Wellington, so you can actually fly to the
13:56
Speaker 2: Company Coast anyway, it's very good. Now. What happened during
13:58
Speaker 2: COVID is that the salt In Company gave ear Chadams
14:03
Speaker 2: a loan of half a million dollars. Air Chathams is
14:05
Speaker 2: still paying that loan off. The due date is now
14:08
Speaker 2: passing and they want an extra ten business days. Dwyane
14:11
Speaker 2: Emony wants it, but an extra ten business days to
14:14
Speaker 2: sort this out. Otherwise he's saying there is a risk,
14:17
Speaker 2: a real risk that we'd have to pull out, so
14:19
Speaker 2: you won't have an Auckland to hard fire with flight,
14:21
Speaker 2: which will be a great shame because it's an excellent
14:23
Speaker 2: alternative anyway, So interest free loan is key here because
14:28
Speaker 2: you might remember we had James megher On a few
14:31
Speaker 2: months ago. Remember he did that rescue package for regional
14:35
Speaker 2: aviation and Eir Chadam's got seventeen million dollars. So why
14:40
Speaker 2: the hell can't Eirchadams use the seventeen million dollars or
14:42
Speaker 2: some of it to help pay down some of this debt.
14:44
Speaker 2: There's a few councilors that are owing to the problem
14:47
Speaker 2: the t's and ceas of that where its only applies
14:51
Speaker 2: to interest bearing debt. This was an interest free loan
14:53
Speaker 2: during COVID. Therefore they can't use that money. They're going
14:56
Speaker 2: to have to find it from somewhere else. Twenty five
14:59
Speaker 2: after five News to Little Budget pre say.
15:01
Speaker 1: Next the early edition full the show podcast on iHeartRadio
15:07
Speaker 1: how It by NEWSTALGSB.
15:10
Speaker 2: News talgs ZVB. Time is twenty seven minutes after five.
15:13
Speaker 2: The budget's always a bit of a fizzer in the
15:15
Speaker 2: sense that most of it is announced beforehand. These days,
15:18
Speaker 2: a few sweetness on the day to get you going,
15:21
Speaker 2: But this time, unless there is a rabbit about to
15:23
Speaker 2: be yanked from a hat, even they might be more
15:26
Speaker 2: worth as original than chocolate cake. The best time to
15:29
Speaker 2: read about the budget, I always think is the following Monday.
15:31
Speaker 2: That's when you get the real juice. All the cuts
15:34
Speaker 2: that the pundits missed on the day become clearer once
15:37
Speaker 2: the dust is settled. This budget is one of many
15:40
Speaker 2: now that seeing Nicola Willis spending more than Grant Robertson
15:43
Speaker 2: did I know. It's outrageous. Surplus has been pushed out
15:47
Speaker 2: more times than you can shake a stick at. It
15:49
Speaker 2: meant to be twenty thirty. We will balance the books again.
15:52
Speaker 2: Nikola Willis has no choice but to honor that. I
15:54
Speaker 2: think politically what she should do actually has come out
15:58
Speaker 2: today and tell us that we're going to get there early. Otherwise,
16:00
Speaker 2: what was all the cutting relative term, by the way,
16:03
Speaker 2: for in the first place, capital spending That should be
16:06
Speaker 2: the aim of the game, and it largely will be.
16:09
Speaker 2: Not all spending as bad of course, handouts and made
16:11
Speaker 2: up ministries, not great roads and hospitals quite good. We're
16:15
Speaker 2: up over forty percent of debt to GDP, and many
16:17
Speaker 2: people argue, including labor and including the Greens, that we
16:20
Speaker 2: can and should spend more. And yes we can, and
16:23
Speaker 2: yes we probably should, but not on day to day
16:25
Speaker 2: stuff that's dumb. We're not America, we're not Europe. We
16:28
Speaker 2: don't have huge domestic demand quite prone to earthquakes, thank
16:32
Speaker 2: you very much, a few weather events to boot. Any
16:35
Speaker 2: spending we do must be careful, must be calculated, because,
16:38
Speaker 2: let's be honest, our economy is more fragile to shocks,
16:42
Speaker 2: both here and abroad, which is why the surplus keeps
16:45
Speaker 2: getting pushed out. It's the shocks, which is why we
16:48
Speaker 2: need to unshackle ourselves from a structural deficit. And the
16:52
Speaker 2: sooner we can do that the better. Ideally ahead of
16:56
Speaker 2: schedule b twenty nine, after five years talks, he'd be
17:00
Speaker 2: will be revealed at two o'clock this afternoon. How exciting. Hey,
17:04
Speaker 2: you know Joe Biden? How could you forget Joe Biden?
17:07
Speaker 2: How could you forget these moments from Joe Biden? Everything
17:10
Speaker 2: we have to do with uh, look if the COVID,
17:18
Speaker 2: I excuse me, with dealing with choral Joe. I actually
17:22
Speaker 2: can't listen to this anymore. But Joe Biden has filed
17:25
Speaker 2: a lawsuit to try and stop Do you remember there
17:27
Speaker 2: was a Department of Justice investigation into him and the
17:30
Speaker 2: stuff that was ancient and he did an interview with
17:33
Speaker 2: an investigator which was apparently so bad, this was during
17:37
Speaker 2: the campaign, so bad and he was so forgetful. They
17:41
Speaker 2: described him as a sort of dithery old man. He's
17:44
Speaker 2: suing to keep that secret. Now, News Talk said b Stateside.
17:47
Speaker 1: Next hearrett the first Ryan Bridge on early edition with
17:52
Speaker 1: spunk for business technology that keeps business moving. News Talk said,
17:57
Speaker 1: b is.
18:06
Speaker 2: Trenty four away from sixties trucks. There'd be a his
18:09
Speaker 2: budget day. Simon Bridges joins us, we'll talk, ohsah. Also
18:13
Speaker 2: Mitch mccannas state side. So America and irand loved you're
18:17
Speaker 2: getting close to a deal the Americans. This is according
18:19
Speaker 2: to the Iranians, by the way, so great and assault,
18:22
Speaker 2: although great assault on both sides, frankly when it comes
18:24
Speaker 2: to this, But America would move its troops away, naval
18:28
Speaker 2: bockade would be lifted, ships would go through the straight again,
18:31
Speaker 2: commercial ships at pre war levels within a month. This
18:35
Speaker 2: is the Iranians saying this. By the way, Brent crude
18:37
Speaker 2: off the back of this down to ninety six bucks.
18:39
Speaker 2: That's a four percent drop overnight. Now Texas all kicking
18:43
Speaker 2: off in Texas. We've been following the primaries, the Republican
18:46
Speaker 2: primaries over the head of their midterms is important for
18:48
Speaker 2: Donald Trump, and he has again got his way. So
18:52
Speaker 2: but not only is Trump happy, but also the Democrats
18:55
Speaker 2: are happy with the pick. They've gone with a guy Paxton. Now,
18:59
Speaker 2: the numbers are eye watering here. The guy that he
19:02
Speaker 2: was running against, Cornyn, spent one hundred million dollars on
19:07
Speaker 2: this primary runoff. That's an insane amount of money from
19:11
Speaker 2: one side. And this is just for a Senate seat.
19:14
Speaker 2: And it's not even to get the seat and win
19:17
Speaker 2: the seat, it's just to get the nomination for the party.
19:19
Speaker 2: So anyway, Trump's got his guy that is the fourth now,
19:23
Speaker 2: so he's got Texas, He's got his guy in Indiana,
19:25
Speaker 2: and Indiana got the one he wanted in Louisiana. Same
19:28
Speaker 2: goes for Kentucky. We'll talk to Mitch mccannon about that too.
19:32
Speaker 2: Ryan went he three to six News talks here Big
19:34
Speaker 2: cullum and to need morning Callum, Morning, Ryan, what's this council?
19:37
Speaker 2: What's the latest with this sort of weird counselor?
19:41
Speaker 9: This has Benedict Gong. Yeah, our controversial counselor. Look the council.
19:45
Speaker 9: He is refusing to say where the further complaints have
19:49
Speaker 9: been made about him. Last week, you'll remember they suspended
19:52
Speaker 9: on from all committees here for nine months after accepting
19:55
Speaker 9: findings from an independent Code of Conduct investigation. He was
19:58
Speaker 9: found to have breached the council code by disclosing commercially
20:01
Speaker 9: sensitive information about a possible hotels development next to forsythe
20:05
Speaker 9: Bars Stadium. Well, it turns out OG's now been sending
20:09
Speaker 9: more emails to the media.
20:10
Speaker 2: Apparently he's sent one news.
20:11
Speaker 9: And are in ze to confidential letter from urmyor Sophie
20:15
Speaker 9: Barker reportedly raising concerns about his Facebook posts about Chief
20:19
Speaker 9: executive Sandy Graham. The Council's declining to comments on the matter.
20:23
Speaker 9: That's their sort of standard policy now on ong that
20:25
Speaker 9: an't comment on anything. Those investigations, by the way, so
20:29
Speaker 9: far have reportedly costs ratepayers here seventeen thousand.
20:32
Speaker 2: Dollars for goodness sake. How's it weather, It's mainly fine
20:35
Speaker 2: for us. Westerly's thirteen the High Claire's a christ this morning.
20:39
Speaker 8: Claire, good morning.
20:40
Speaker 2: What's going on the Selwyn hospitals?
20:43
Speaker 10: Yeah, the district council out there is pushing for faster
20:45
Speaker 10: action on the healthcare needs as the district continues to grow.
20:49
Speaker 10: Public meetings have been held lately amid concerns about the
20:52
Speaker 10: Darfield and Alahmir hospitals and whether they do face that
20:56
Speaker 10: closure permanently. Now Health New Zealand's confirm Darfield Hospital going
21:00
Speaker 10: to reopen to new patients, but it's long term future
21:03
Speaker 10: is yet to be decided. That won't be until the.
21:05
Speaker 5: End of this year.
21:07
Speaker 10: Selwyn me or Lydia Glidden says the issues have dragged
21:09
Speaker 10: on for a decade now and Selwyn simply needs answers.
21:12
Speaker 10: She says the district is guilty of kicking problems down
21:14
Speaker 10: the road instead of dealing with them at hand at
21:17
Speaker 10: the time. Glynden adds that a lot of decisions are
21:20
Speaker 10: ultimately in Health end Z's hands and does say that
21:23
Speaker 10: it needs to come back with solutions to the region.
21:26
Speaker 2: All right, how's your weab a clip very.
21:28
Speaker 10: Foggy to start here. Otherwise, some low cloud breaking up
21:30
Speaker 10: for a time this afternoon, light twins and a high
21:32
Speaker 10: of twelve.
21:33
Speaker 2: You enjoy your day, Jacob for Wellington, Jacob, good morning morning.
21:36
Speaker 2: Right now the rates increase in Wellington use They've got
21:39
Speaker 2: it down, but it's still actually higher than Auckland's when
21:41
Speaker 2: you're taking into account water, isn't it.
21:43
Speaker 5: Yeah.
21:43
Speaker 11: The council's chasing a five point eight percent rates rise
21:47
Speaker 11: after proposing seven point four percent during public consultation, but
21:52
Speaker 11: residents will still pay between eight and nine percent more
21:55
Speaker 11: when bills from the region's new water entity are included.
21:59
Speaker 11: Some fees and new user charges are increasing in big
22:01
Speaker 11: projects like the town Hall and refurbishing the Botanic Garden's
22:05
Speaker 11: Bogonia House will continue. Mayor Andrew Little says finding savings
22:09
Speaker 11: as an annual and daily activity, including identifying projects that
22:13
Speaker 11: don't have to be finished. The final annual budget plan
22:16
Speaker 11: will be voted on late next month.
22:19
Speaker 2: Nice one, how's the weather?
22:20
Speaker 11: Early cloud and showers clearing to find for a time
22:23
Speaker 11: this morning before those clouds redevelop in late morning.
22:26
Speaker 2: Brilliant Jacob. You have a great day, Neva for Auckland. Morning, Neva,
22:29
Speaker 2: good morning. Right now, we've got a quieter and more
22:32
Speaker 2: greenway across the White to Matta Harbor. What is it swimming?
22:37
Speaker 2: You would swim? Could yeah? Yeah, yeah, yeah? I mean
22:41
Speaker 2: that's quiet, it's green, it's clean. What's wrong?
22:44
Speaker 12: I would be quite doing that?
22:45
Speaker 2: Well, you'll love.
22:46
Speaker 12: This the first ever first ever hybrid plug in ferry
22:50
Speaker 12: set to open for passengers. Suit so in electric mode
22:53
Speaker 12: is going to save seventy to seventy five percent on
22:55
Speaker 12: fuel costs.
22:56
Speaker 2: It will save just.
22:57
Speaker 12: Under eight hundred thousand liters of diesely year. Wayne Brown says,
23:01
Speaker 12: this is going to be deployed. This is on the
23:03
Speaker 12: Devonport to Downtown Fairy Terminal route. You know, I was
23:07
Speaker 12: saying to Jacob this morning, our reporter is just still
23:09
Speaker 12: sitting here next to me because he wrote the story.
23:11
Speaker 12: I said, hey, so when.
23:12
Speaker 2: Is this happening?
23:13
Speaker 5: When?
23:13
Speaker 2: When?
23:13
Speaker 11: When there's no date?
23:15
Speaker 2: Seat that's saying O of the years.
23:16
Speaker 12: But like the CRL, isn't.
23:17
Speaker 2: It Ah, it's coming when? So hang on, I thought
23:22
Speaker 2: that they were putting diesel in them even though they're electric.
23:25
Speaker 2: Is that not true? Is that not true? Jacob, Turn
23:28
Speaker 2: on your mic Turn on your microphone.
23:30
Speaker 11: There are hybrids, right, so sometimes diesel, sometimes electric, right?
23:35
Speaker 2: And is there something wrong with the electric part of
23:37
Speaker 2: it or that's all good? So it will be fully
23:39
Speaker 2: hybrid operational from day one. We're just not sure when
23:41
Speaker 2: day one is. Yeah, OK, do you go see?
23:45
Speaker 12: Isn't it nice having the real reporter because I know nothing, no,
23:47
Speaker 12: exactly exactly weather. That's what I do know something about
23:53
Speaker 12: the weather. Morning low cloud fog possible, but then that
23:57
Speaker 12: will dissipate and then cloudy conditions. Eighteen is the high.
24:00
Speaker 12: And I have to say, Ryan, because you're going around
24:01
Speaker 12: your homeg.
24:02
Speaker 2: Yes, going away in your leave Miss Neva.
24:05
Speaker 12: Oh, who's looking after Fanny?
24:07
Speaker 2: Well, she's actually not staying with us at the moment. Look,
24:09
Speaker 2: it's very complicated. Let's not get into it. Fanny at home. Oh,
24:13
Speaker 2: seventeen hasn't been for a while. Eighteen to six Play
24:16
Speaker 2: and Bridge. Now Australia. We've been talking about the OCA
24:19
Speaker 2: here the CPI. They had a number lower than most
24:22
Speaker 2: analysts were expecting for eight pri al four point two percent.
24:25
Speaker 2: That's the annual rate four point two percent for the Aussies.
24:28
Speaker 2: That is lower than March which was four point six
24:31
Speaker 2: Also lower than expected which was four point four. Why, well,
24:35
Speaker 2: they took the excise off fuel, didn't they. That helped
24:38
Speaker 2: Newstalk ZIRB American next News Talk ZB. It is quarter
24:42
Speaker 2: to six. So we were just talking about Auckland's getting
24:44
Speaker 2: these new hybrid electric ferries and everyone's getting very excited
24:49
Speaker 2: Ryan Bs. This is from tim Bs. The boat will
24:52
Speaker 2: save eight hundred thousand liters of diesely year. I don't
24:54
Speaker 2: believe it. And Mandy says, it's an electric ferry. They
24:57
Speaker 2: have to charge the diesel Jenet with the with AD
25:00
Speaker 2: generator and that is right, Mandy. So the first first
25:04
Speaker 2: hybrid electric ferry is going to charge the batteries from
25:08
Speaker 2: its onboard diesel generators.
25:12
Speaker 1: International correspondence with Ends and Eye Insurance. Peace of mind
25:16
Speaker 1: for New Zealand business.
25:19
Speaker 2: You can't make this stuff up. Fourteen away from six.
25:22
Speaker 2: Mitch mccanna stateside. Mitch, good morning, Good morning, Ryan, how
25:26
Speaker 2: are you very well? Thank you. So where is Trump
25:27
Speaker 2: going to send anyone, even Americans who might have had
25:30
Speaker 2: a bowler or exposed to a bowler.
25:32
Speaker 13: Yeah, He's going to send them to a new facility
25:35
Speaker 13: in Kenya. Obviously, this outbreak in Africa at the moment
25:38
Speaker 13: is worsening, this ebowler outbreak, and they're not bringing patients
25:42
Speaker 13: back to the United States. Now, this is interesting because
25:45
Speaker 13: the previous ebolder outbreak in West Africa back in twenty fourteen,
25:48
Speaker 13: more than half a dozen Americans were sent back to
25:51
Speaker 13: the United States for the best care possible.
25:54
Speaker 2: And hospitals here in the US.
25:55
Speaker 13: But this time the Trump administration says they're going to
25:57
Speaker 13: be going to a facility in Kenya. Marco Rubio, the
26:00
Speaker 13: Secretary of States, is that they want to contain the
26:03
Speaker 13: Ebola outbreak to the countries that are actually affected by
26:06
Speaker 13: it at the moment. It's interesting that when Barack Obama,
26:10
Speaker 13: the previous president, brought patients back in twenty fourteen, Donald Trump,
26:14
Speaker 13: who was then a reality TV star, repeatedly criticized Obama
26:18
Speaker 13: over this. He said, people that go to faraway places
26:21
Speaker 13: must suffer the consequences. So perhaps this is a decision
26:25
Speaker 13: made by the president based on what happened last time.
26:28
Speaker 2: What's happening with the ticket prices for FIFA.
26:31
Speaker 13: Yeah, Well, the attorneys general of New York and New
26:33
Speaker 13: Jersey have launched an investigation today into ticket pricing for
26:37
Speaker 13: matches at Midlife Stadium and New Jersey. The first concern
26:41
Speaker 13: relates to seats that fans purchased within stadium seating categories,
26:45
Speaker 13: only for new, more premium seating to be released at
26:48
Speaker 13: a later date within those same categories. So what they're
26:51
Speaker 13: saying is that fans shelled out money thinking they were
26:53
Speaker 13: going to be sitting close to the action, only for
26:55
Speaker 13: FIFA to come out and say, actually, the best seats
26:58
Speaker 13: in your category are going to be sold again, and
27:00
Speaker 13: they're going to be more expensive after people had already
27:03
Speaker 13: bought them. And they're also concerned about the price increase
27:06
Speaker 13: about thirty four percent increase between of general prices between
27:10
Speaker 13: September and April. So a lot of unhappy people about
27:14
Speaker 13: the Football World Cup and how much things are going
27:16
Speaker 13: to cost them to go to games.
27:17
Speaker 2: Mitch, based purely on your observations of Donald Trump and
27:20
Speaker 2: how he operates when it comes to Iran, are we close?
27:23
Speaker 2: Are we getting close now to a deal?
27:26
Speaker 13: I would say possibly not, and that's based on a
27:29
Speaker 13: cabinet meeting he had Camp David a couple of moments ago,
27:31
Speaker 13: where he said essentially that he wants to get a
27:34
Speaker 13: good deal and he's not worried about the impact it
27:37
Speaker 13: will have on the midterm elections.
27:38
Speaker 2: He's not going to rush things.
27:40
Speaker 13: So while on Saturday he suggested that a deal was
27:42
Speaker 13: very close, we're now four days later, still no deal,
27:46
Speaker 13: and the markets have slightly gone down based on that.
27:48
Speaker 13: I think of a lot of investors have been counting
27:50
Speaker 13: on this to be over but I can't see us
27:53
Speaker 13: being any closer to that reign.
27:54
Speaker 2: All right, Mitch McCann stateside Thomas, twelve minutes away from
27:58
Speaker 2: six Bryan Bridge. I happen to think we are getting close.
28:01
Speaker 2: I think the more dramatic and the bigger the tantrum,
28:04
Speaker 2: the closer we are to the finish line. Simon Bridges
28:07
Speaker 2: All from Business Chamber with me this morning because it's
28:09
Speaker 2: budget day. Government's meant to be back to service by
28:11
Speaker 2: twenty thirty. Will they get there, maybe even get their
28:13
Speaker 2: earlier shaved a few hundred mile off the operating allowance
28:16
Speaker 2: banking those public service cuts are saving Simon, good morning, Hey,
28:20
Speaker 2: good morning Ryan. Predictions for this one.
28:23
Speaker 14: Oh, sensible, prude and boring Presbyterian budget, no fun whatsoever.
28:29
Speaker 4: And that's fair enough.
28:30
Speaker 14: I mean most listening to right now will get that
28:32
Speaker 14: that's what's probably required.
28:34
Speaker 4: I think it will be one or two good is
28:36
Speaker 4: saved up.
28:36
Speaker 14: They say they've got a little bit spare, they're in
28:38
Speaker 14: terms of what they're pre prioritized.
28:41
Speaker 4: I think there's also a sense, Ryan, it's probably.
28:43
Speaker 14: Not what you want to hear, but budgets aren't what
28:45
Speaker 14: they used to be. These sort of swashbuckling Muldoon or
28:48
Speaker 14: Roger Douglas ones where you know, a commander control economy,
28:52
Speaker 14: you'd transform things in twenty four hours of massive tech
28:56
Speaker 14: hot tax hikes or cuts.
28:57
Speaker 4: Or something like that.
28:59
Speaker 14: And I think in the recent political past they just
29:01
Speaker 14: they haven't moved poles the way they used to. So
29:05
Speaker 14: I think that's sort of true. I mean my wish
29:07
Speaker 14: is personally, I reckon good policy can be for free,
29:11
Speaker 14: more important even than the spending and the cutting I'll
29:15
Speaker 14: be looking for. But it's little nuggets that tell us
29:17
Speaker 14: about the future policy direction. So please Nicolas, stake some
29:21
Speaker 14: states some strong positions, defend them and stick with them.
29:26
Speaker 14: An education and how an energy reform and regulatory reform.
29:29
Speaker 14: You're a growth government, Well that's good. How exactly you're
29:32
Speaker 14: going to lift innovation, productivity and growth? And I think, secondly, look, yeah,
29:36
Speaker 14: we accept I think you.
29:37
Speaker 4: Know, most of us. It's a restraint time.
29:40
Speaker 14: This is about sort of reprioritizing and probably will be
29:43
Speaker 14: fit of foreseeable future. But I want to see evidence
29:46
Speaker 14: that the government understands the difference between just spending that is,
29:50
Speaker 14: frestering on large social project programs and real investment that
29:56
Speaker 14: is stuff that actually is going to grow the economy
30:00
Speaker 14: out some needless spending to fund investment that's growing stuff.
30:04
Speaker 2: You're absolutely right about the budget. I mean half of
30:06
Speaker 2: it's announced beforehand these days. Anyway, just very quickly on
30:10
Speaker 2: the surplus is there from what you can see, is
30:13
Speaker 2: there enough room? Has she cut or made enough room
30:16
Speaker 2: in order to bring them? And it depends on the forecast,
30:18
Speaker 2: But bring the surplus actually forward because that would be
30:21
Speaker 2: a good way to go into an election campaign, wouldn't it.
30:25
Speaker 4: Oh yeah, Look, I just think and this.
30:28
Speaker 14: Is no sort of value judgment on anyone. I just
30:32
Speaker 14: think it's such a tough global economy and local economy.
30:36
Speaker 14: The numbers from treasury intensive predictions, if they're real and objective,
30:40
Speaker 14: and I'm sure they will be, that they.
30:42
Speaker 4: Are going to be tough, and so I you know.
30:46
Speaker 14: Personally, I wouldn't be holding.
30:48
Speaker 4: My breath in a massive way in that regard.
30:50
Speaker 14: We'll see, as I say, more than that kind of
30:54
Speaker 14: you know, I don't want to say theoretical, but theoretical
30:56
Speaker 14: thing into the future as to say, good policy, what
31:00
Speaker 14: are you investing in to get some growth? Because actually
31:02
Speaker 14: growth is ultimately what gets you to super some more importantly, importantly,
31:07
Speaker 14: a stronger economy for real New Zealanders out there doing
31:09
Speaker 14: it tough.
31:10
Speaker 2: Simon Bridges all fan Business Chamber Budget Day, two pm.
31:13
Speaker 2: No one will be watching, but you'll hear about it
31:16
Speaker 2: sure later on tonight and tomorrow morning time is eight
31:19
Speaker 2: to six. News Talks EDB.
31:22
Speaker 1: The first word on the News of the Day Early
31:25
Speaker 1: edition with Ryan Bridge and Spark for Business Technology that
31:30
Speaker 1: keeps Business Moving.
31:31
Speaker 2: News Talks EDB. It is six to six and Mike's
31:34
Speaker 2: in the studio the Budget Day. Mike, you'll be just
31:37
Speaker 2: fizzing at the bung.
31:37
Speaker 15: I'm not overly interested the days of you that, you
31:42
Speaker 15: know what I mean, the days of like the big Surprise.
31:44
Speaker 2: And on and Simon Bridges just came out and said
31:46
Speaker 2: the exact same thing. He said, I'm sorry, but it's
31:48
Speaker 2: boring there.
31:49
Speaker 15: It's it's dull as ditch water and the media of
31:52
Speaker 15: not a jug. I mean you've got to cover it obviously,
31:54
Speaker 15: major document I get it, but I mean the amount
31:56
Speaker 15: of money you're dealing with them, and it's just a
31:57
Speaker 15: little bit here, a little bit there, you save you
31:59
Speaker 15: lose is when it's.
32:01
Speaker 2: And they've said, they've said operating allowances down, there's no
32:03
Speaker 2: lolly scrambles. So I mean, if you're somebody sitting at
32:05
Speaker 2: home going, do I need to care about this? No?
32:07
Speaker 15: No, I wouldn't have thought to. I was I found
32:10
Speaker 15: yesterday just gripping, gripping three all casting vote.
32:15
Speaker 2: Now, do you I was talking to Nick toughly about that.
32:17
Speaker 2: Do you think it's interesting that the split was exit?
32:21
Speaker 15: She tried to play that down. Somebody asked about that,
32:24
Speaker 15: and she tried to play it down. I think it's
32:26
Speaker 15: irrefutable group think. It's it's exactly what it is. And
32:30
Speaker 15: because obviously the internals don't get more detailed than the externals. Yes,
32:35
Speaker 15: but you could argue the externals live in a different
32:37
Speaker 15: world from internals.
32:39
Speaker 2: But just how fascinating. And also the fact that is
32:42
Speaker 2: there a real genuine economic argument going on here or
32:45
Speaker 2: is there just a bunch of group thinkers? I reckon,
32:47
Speaker 2: I reckon, know what I mean?
32:49
Speaker 15: And furthermore, I think you could probably argue for seven
32:52
Speaker 15: because a casting vote can't be a casting vote in
32:55
Speaker 15: my humble opinion, when one of the three her vote
32:59
Speaker 15: and vote to hold isn't going to suddenly change as
33:03
Speaker 15: a casting vote. When they all sit there at three,
33:05
Speaker 15: all she's going to vote the way she voted, So
33:08
Speaker 15: she voted twice the same way.
33:10
Speaker 2: Yeah.
33:10
Speaker 15: In other words, with seven you can, yes, you can
33:12
Speaker 15: have a casting vote, but with six you're going to
33:15
Speaker 15: have that sort of trouble. So I think it was fascinating, thralling.
33:19
Speaker 15: And she's on this morning, so we'll talk to her.
33:22
Speaker 15: So and I mean we've got to cover the budget.
33:24
Speaker 15: The other thing I want to talk about briefly this one.
33:26
Speaker 15: What's Peter's doing with Mourana PACIFICA? What's what's in fat
33:30
Speaker 15: yeah to do with rugby?
33:32
Speaker 2: I mean arm of good question is it is he
33:35
Speaker 2: hinting at something that the government is going to do
33:37
Speaker 2: or does he know about it? More Commercial apparently.
33:40
Speaker 15: Is instructing him Fat to shell out yet more.
33:44
Speaker 2: The whole it's a worthy cause, but it's a ridiculous
33:48
Speaker 2: that's in other matters. Very good, mic is with your
33:50
Speaker 2: next I am off for a couple of weeks on
33:53
Speaker 2: annual leave, and I will leave you in the very
33:55
Speaker 2: safe hands of Francesca Rudkin, who will be with you.
33:59
Speaker 2: Have a fantastic day, everybody. I know you'll be watching
34:02
Speaker 2: the budget at two o'clock glued to your TV screens.
34:05
Speaker 2: Mike here Next News Talk SIBB.
34:21
Speaker 1: For more from Early Edition with Ryan Bridge. Listen live
34:24
Speaker 1: to News Talks it Be from five am weekdays, or
34:27
Speaker 1: follow the podcast on iHeartRadio