Latest / Early Edition with Ryan Bridge / Full Show Podcast: 17 March 2026

Transcript

Full Show Podcast: 17 March 2026 · Early Edition with Ryan Bridge

0:01
Speaker 1: The issues, the interviews and the inside. Ryan Bridge on
0:05
Speaker 1: an earlier edition with one roof love where you live
0:09
Speaker 1: news talks, it'd be good morning.
0:10
Speaker 2: It is six half to five. Great to have your company.
0:12
Speaker 2: Nick Toughley from ASB on Willis's worst case scenario before
0:16
Speaker 2: six donal tomorrow out of Australia. Why are all those
0:19
Speaker 2: Iranian soccer women going home? Miles Harrel, who's next? Will
0:23
Speaker 2: ask the question? And if you would like to complain
0:26
Speaker 2: about a new pub or a club, Karen's are getting
0:28
Speaker 2: their move on orders the agenda Tuesday, the seventeenth of March.
0:34
Speaker 2: Who's protecting the Strait? The Germans have said no, thanks Trump.
0:37
Speaker 2: The Japanese has said no. The Aussies are saying no.
0:39
Speaker 2: Starmer's your last man standing.
0:41
Speaker 3: Our priority is always the national interest. I want to
0:45
Speaker 3: see an end to this war as quickly as possible,
0:48
Speaker 3: because the longer it goes on, the more dangerous the
0:52
Speaker 3: situation becomes, and the worse it is for the cost
0:56
Speaker 3: of living back here at home.
0:57
Speaker 2: Yes, that is true. This military analyst has quite a
1:00
Speaker 2: simple reality check.
1:02
Speaker 4: We pick on all those It's it's obvious it's a
1:03
Speaker 4: chap point. But as long as the run can reach
1:05
Speaker 4: across the region and destroy loading terminals, refineries, assets, you know,
1:09
Speaker 4: and other things. It doesn't matter whether you can get
1:11
Speaker 4: ships in route. If they can reach out it, well,
1:14
Speaker 4: there's no cargo and that's another major problem.
1:16
Speaker 2: And there is an update on that. I'll bring you
1:18
Speaker 2: that in a second. Meanwhile, around still hitting the golf states,
1:21
Speaker 2: cut are not happy.
1:22
Speaker 5: Every one has decided to do I guess into this
1:23
Speaker 5: escalation and therefore they're very simple do it right now
1:26
Speaker 5: is that if they stop the attacks, then we can
1:30
Speaker 5: find a way out for diplomacy. But as long as
1:32
Speaker 5: our countries are being attacked, this is not the time
1:34
Speaker 5: to establish committees. It's the time to take a very
1:36
Speaker 5: principal position and protecting our countries right.
1:40
Speaker 2: As you probably know. And finally this morning, the oscars
1:42
Speaker 2: were on yesterday. Did you watch them, know, because you
1:44
Speaker 2: don't have five hours. If you do have three hours
1:47
Speaker 2: or three and a half, you might have watched one
1:48
Speaker 2: of the leading films, One Battle after Another Best Picture,
1:51
Speaker 2: Michael B. Jordan Best Actor, Jesse Buckley Best Actress for Hamnet.
1:55
Speaker 2: That was really good, But attention is always on the joke.
1:59
Speaker 2: So we picked out what we think were the best two.
2:01
Speaker 2: First of all, Ann Hathaway and Anna Wintour, the most important.
2:05
Speaker 6: People in Passion will be judging how one looks.
2:07
Speaker 7: Anna just curious, what.
2:15
Speaker 8: Do you think of my dress?
2:16
Speaker 9: Tonight, and the nominees are.
2:20
Speaker 2: In Canna O'Brien's dab at Timothy's Shadow Maine macurity.
2:23
Speaker 1: Is extremely take tonight.
2:25
Speaker 2: I'm got to mention that, Yeah, I'm told there's concerns
2:28
Speaker 2: about attacks from both the opera and ballet communities.
2:34
Speaker 1: Get ahead of the headlines on early edition with Ryan
2:38
Speaker 1: Bridge and one roof Love where you live?
2:41
Speaker 2: Used talks'd be used talks. He'd be nine minutes after five.
2:44
Speaker 2: Nine two ninety two is the number to text. And
2:46
Speaker 2: we will also talk about Chris Hopkins this morning, but
2:50
Speaker 2: very quickly before we do any of that, there are
2:52
Speaker 2: a couple of little updates from overnight. For Gyra is the
2:56
Speaker 2: name of a it's a big port. In fact, it's
2:58
Speaker 2: the biggest port in the UA oil storage facility. Massive thing,
3:02
Speaker 2: quite important that's been hit by drones overnight, as has
3:06
Speaker 2: do Bai International Airport, world's busiest international airport. So Iran's
3:11
Speaker 2: just like Kamakazi, who cares. Let's go for it. The
3:14
Speaker 2: problem with Fujira is that it's on the eastern coast.
3:18
Speaker 2: And this is to the point that they are analysts
3:20
Speaker 2: just a few seconds ago was making it's on the
3:22
Speaker 2: eastern coast the Gulf of Aman, opposite to the Strait
3:26
Speaker 2: of Humus. So you've got basically these guys on that
3:30
Speaker 2: coast keeping us afloat while the strait is shut down.
3:34
Speaker 2: They pump it from a pipe from Abu Dhabi. So
3:37
Speaker 2: if you can control the strait, or at least not
3:41
Speaker 2: so much control of the Straight, but keep people out
3:43
Speaker 2: of the strait, and then also keep firing drones at
3:45
Speaker 2: the other side of the coast, you have what might
3:48
Speaker 2: starts to look like a very big picture. It is
3:51
Speaker 2: just a couple of drones and they were largely intercepted,
3:54
Speaker 2: is what we've been told so far. So there you go.
3:57
Speaker 2: Also Trump, you know how Trump's supposed to go to
4:00
Speaker 2: China in end of March, start of April. That might
4:04
Speaker 2: be delayed, they're saying at this stage we're not sure,
4:07
Speaker 2: but might be delayed. Nothing to do with the fact
4:09
Speaker 2: that China won't go in and protect the Straight though.
4:11
Speaker 2: Here's Scott beston Treasury sectory.
4:13
Speaker 8: If the president's visit, and I'm saying, if the present's
4:16
Speaker 8: visit is postponed, it would have nothing to do with
4:20
Speaker 8: the Chinese making a commitment to the strength for books.
4:25
Speaker 8: It would obviously be there an interest to do so.
4:28
Speaker 2: So basically he's saying, yeah, you should go and do it,
4:30
Speaker 2: but if you don't, we're not going to cancel the
4:32
Speaker 2: trip on that basis. We'd only cancel the trip because
4:34
Speaker 2: the war's on and he is the commander in chief,
4:37
Speaker 2: Ryan bred As I said Hipkins in a second. Next though,
4:40
Speaker 2: we'll talk about the booze law changes and why, I mean,
4:44
Speaker 2: why is it that up until now anyone from out
4:47
Speaker 2: of town could complain about the opening of a pub
4:49
Speaker 2: or giving a liquor license and that would be a
4:52
Speaker 2: valid complaint. Why do they have a say? Who cares
4:55
Speaker 2: what you think? I mean, if you live in christ
4:57
Speaker 2: Church and I'm in Auckland and I'm upset about a
5:00
Speaker 2: pub opening, should I really should my voice really be counted?
5:03
Speaker 2: That's next eleven after five.
5:06
Speaker 1: On your radio and online on Iheard Radio Early Edition
5:10
Speaker 1: with Ryan Bridge and one roof Love where you Live.
5:14
Speaker 2: News talks had been thirteen after five News Talks, Sa'd
5:17
Speaker 2: be Ryan the oscars. What a bunch of pretentious narcissists.
5:21
Speaker 2: The little cloud that they sit on bears no resemblance.
5:23
Speaker 2: This is from Graham, Morning Graham, You're having a great morning.
5:26
Speaker 2: By the sounds of it. Bears no resemblance to the
5:28
Speaker 2: real world, and way too much emphasis is placed on them.
5:31
Speaker 2: Better to live in reality than in their fantasy. Yeah,
5:34
Speaker 2: it's the same with the media awards. Every time you go,
5:36
Speaker 2: it's like everyone's setting around dressing up and basking in
5:39
Speaker 2: their own glory. You think this is a bit gross,
5:42
Speaker 2: isn't it, But then I suppose every industry has their
5:44
Speaker 2: own awards. The difference is this one is televised, though
5:48
Speaker 2: no one seems to have watched it. Bryan Bridge hostpo
5:52
Speaker 2: and Zed says, don't stop there. This is The government
5:54
Speaker 2: looks to loosen booze laws, introduced a bill to stop
5:57
Speaker 2: serial karens from blocking new pubs and bars. Only locals
6:01
Speaker 2: in the same council area can now object to a
6:03
Speaker 2: liquor license. Previously, any old man and his dog could
6:06
Speaker 2: do it. Sam McKinnon Hospitality and ZID head of Accuracy
6:08
Speaker 2: with us this morning Morning Sam, Morning Ryan, Thanks good
6:12
Speaker 2: to have you. Is this a game changer for the
6:14
Speaker 2: licensing rules.
6:17
Speaker 10: Yeah, I mean I think we would characterize it as
6:19
Speaker 10: a rebalancing. A number of changes were made a few
6:24
Speaker 10: years ago that that changed the way that the licensing
6:27
Speaker 10: process worked, and from our view, that certainly led to
6:30
Speaker 10: some vexatious objections. So, as you've noted, you could be
6:35
Speaker 10: a country pub in Otago and have no local objections
6:38
Speaker 10: known in your local community has any issues with the
6:40
Speaker 10: way that you're running your bar or your pub, But
6:44
Speaker 10: you could have a series of objections from Auckland and
6:46
Speaker 10: that holds up the process generally pushes you into a
6:49
Speaker 10: public hearing. So changing some of those rules will certainly
6:53
Speaker 10: have an impact for a number of our members.
6:56
Speaker 2: So how many of the applications get declined but solely
7:00
Speaker 2: on the basis that someone who didn't live near the
7:02
Speaker 2: venue complained or is this more about Once that happens,
7:05
Speaker 2: it triggers the lengthy and costly process to begin with.
7:10
Speaker 10: Yeah, yeah, it's not generally that they get declined. But
7:13
Speaker 10: if you don't have any public objections, then you can
7:16
Speaker 10: just have your decision made without having to go to
7:18
Speaker 10: a hearing. So you know, it's adding time and certainly
7:21
Speaker 10: cost into the licensing process, So I guess that's what
7:25
Speaker 10: we're hoping that these rules will change, along with some
7:28
Speaker 10: of the changes around right of reply and new local
7:33
Speaker 10: alcohol policy rules not impacting existing licenses, So all positive
7:37
Speaker 10: steps in the right direction.
7:39
Speaker 2: What's changing with the zero bears?
7:42
Speaker 10: Yeah, so currently zero percent beers have fallen into a
7:46
Speaker 10: bit of a gray area. So you've got provisions in
7:48
Speaker 10: the Sale and Supply of Alcohol Act around serving zero
7:52
Speaker 10: non alcoholic beverages, which covers water and juice and soft drinks,
7:55
Speaker 10: and then provisions around needing to serve low alcohol beverages,
7:58
Speaker 10: which are you're sort of mid strength beiers and your
8:03
Speaker 10: zero percent piers wouldn't satisfy. You can't serve that as
8:06
Speaker 10: a as a soft drink, but you also couldn't serve
8:09
Speaker 10: that as a low alcohol per So it's kind of
8:10
Speaker 10: resolving that challenge that makes it. Obviously, consumer preferences have
8:14
Speaker 10: moved much much further down that direction of low or
8:18
Speaker 10: zero alcohol beer versus a mid strength two and a
8:20
Speaker 10: half percent beer, so a lot of our members are
8:23
Speaker 10: purchasing that product solely to satisfy the condition rather than
8:26
Speaker 10: because that's what the customer wants.
8:27
Speaker 2: Sam the excise on kegs. Is that any different to
8:30
Speaker 2: the exercise that we pay just generally on beer.
8:35
Speaker 10: Well, it's part of the component of what you pay,
8:38
Speaker 10: the tax that you pay on beer. It is the
8:40
Speaker 10: largest chunk of texts that you pay on beer. But
8:43
Speaker 10: obviously we combined with GST, we're pushing about fifty percent
8:46
Speaker 10: of the tax that you pay on a keg is
8:50
Speaker 10: now sorry, fifty percent of the price that you pay
8:53
Speaker 10: on a keg is now tax. So yes, it's the
8:56
Speaker 10: primary component that you're paying.
8:57
Speaker 2: What do you think it should be, Well, we'd.
9:00
Speaker 10: Like to see a fifty percent reduction on keig tax
9:03
Speaker 10: to support the sector. So you're currently your tax aren't excised.
9:08
Speaker 10: Tax isn't differentiated between packaged bear or keg bear, and
9:12
Speaker 10: so we'd like to see a differentiation on on keig
9:15
Speaker 10: bear and then have that tax reduced. We think that
9:20
Speaker 10: will support local communities, support the brewing sectors, support ourselves
9:25
Speaker 10: obviously as businesses in communities up and down the country,
9:30
Speaker 10: and enable more of that sort of viability for your business.
9:34
Speaker 2: Sam, appreciate your time this morning, Sam McKinnon, Hospitality and
9:37
Speaker 2: Z Time is eighteen after five, Brian Bridge. A bad idea,
9:41
Speaker 2: is it? Because if you're at a pub getting a
9:43
Speaker 2: beer and it comes from a cag, it'd be cheaper
9:45
Speaker 2: than if you went and bought one on this you know,
9:47
Speaker 2: from an off license and had it in a can.
9:50
Speaker 2: So we can encourage you surely to be at a pub,
9:53
Speaker 2: which is a safer place to be over in the UK,
9:56
Speaker 2: you know, when they do inflation, they measure inflation by
9:59
Speaker 2: measuring a basket of goods while they are adding the Brits. Interestingly,
10:02
Speaker 2: we're talking about alcohol free beer. They're adding alcohol free
10:05
Speaker 2: beer to their basket of goods that they measure for inflation,
10:08
Speaker 2: along with hummus. Yeah, because we're all living healthier lifestyles.
10:13
Speaker 2: What else are they adding motor homes? But random pet
10:16
Speaker 2: grooming is going in there as well, and pet grooming
10:19
Speaker 2: and the spending on pets is absolutely through the roof.
10:24
Speaker 2: I watched an ad on TV last night for a
10:27
Speaker 2: moose chicken PATAI for a cat from Fancy Feasts, which
10:33
Speaker 2: is a brand of pet food. I mean, honestly, what
10:36
Speaker 2: has the world coming to And we say there's a
10:38
Speaker 2: cost of living crisis and you're giving your cat chicken
10:41
Speaker 2: pat a moose. Nineteen after five News Talks ab.
10:45
Speaker 1: Views and Views you Trust to start your day. It's
10:48
Speaker 1: early edition with Bryan Bridge and one roof Love where
10:53
Speaker 1: you Live news Talks.
10:54
Speaker 2: He'd be by twenty one. Fonterra boss Myles Harrel has
10:56
Speaker 2: stood down yesterday. He's given six months notice. It's been
10:59
Speaker 2: eight years the role. Conflicting opinions on his legacy. Niicola
11:02
Speaker 2: Willis says great Winston Peter says he's a sellout. Carl
11:05
Speaker 2: Deen fed Farmer's dairy chair with us this morning. Hey Carl,
11:09
Speaker 2: morning wrong. So we know what the politicians think because
11:12
Speaker 2: they're the first to open their mouths. Of course, what
11:14
Speaker 2: do farmers think?
11:17
Speaker 11: I think most frontiers farmers are pretty happy with Myles' tenure.
11:21
Speaker 11: He's taken the cop from what was when he took
11:24
Speaker 11: on the job, almost a failing corporative and almost headed
11:29
Speaker 11: towards partial foreign ownership, to being a very New Zealand
11:33
Speaker 11: based corporative.
11:34
Speaker 2: Again, what about the Winston comments? Do they resonate with
11:38
Speaker 2: farmers that they put farmers off? After all, almost ninety
11:41
Speaker 2: percent voted for the sale right.
11:45
Speaker 11: Yes see, I think it was over eighty eight percent.
11:48
Speaker 11: I don't think most farmers would believe what Winston hasn't
11:50
Speaker 11: say to be honest because, like I just said, the
11:54
Speaker 11: fact that when Miles took on the role, the corporative
11:58
Speaker 11: was very globalist and now it's become very New Zealand centric.
12:03
Speaker 11: So you know, there's very little production for Fonterra now
12:07
Speaker 11: happening overseas.
12:09
Speaker 9: It's New Zealand Milk's.
12:11
Speaker 11: Yeah, it's quite surprising that he's making those comments.
12:14
Speaker 2: Cal Riley Kennedy, who is from Business Desk, he's I
12:18
Speaker 2: always like listening to him and he has said Richard Allen,
12:20
Speaker 2: Global Ingredients President, he's a potential contender. Internally known as
12:24
Speaker 2: Golden Boy. Apparently he's a lifer at the co Op,
12:27
Speaker 2: fluent in Chinese and Mandarin. Matt Boulger, Managing Director co
12:31
Speaker 2: Op Affairs, a couple of names been bandied about, all
12:33
Speaker 2: seemed to be internal. Is that what do you think
12:35
Speaker 2: the direction they should go in?
12:39
Speaker 11: I think that the main direction that farmers would want
12:41
Speaker 11: to see is that they bring similar values that Myles
12:45
Speaker 11: has brought to the co Op in the last eight years.
12:47
Speaker 11: So that's honesty and transparency. Now we've been told of
12:51
Speaker 11: spades a spade, and that's what needs to continue.
12:55
Speaker 2: Appreciate your time this morning Carl Deen Fed Farmers Dairy
12:58
Speaker 2: share time is twenty three minutes after. Now a little
13:02
Speaker 2: update on you. Disappointing update for you on the services sector.
13:06
Speaker 2: This is for February the Performance Services Index from BNZ
13:10
Speaker 2: member Services are two thirds of our economic of our economy,
13:14
Speaker 2: of our GDP, so the number for February was forty eight,
13:18
Speaker 2: down two point seven on jan Remember, anything under fifty
13:21
Speaker 2: is contraction. Anything over fifty years expansion, so we're in
13:24
Speaker 2: contraction territory. The long term average is fifty two point eight,
13:29
Speaker 2: so forty eight is not great. Rebound into expansion only
13:33
Speaker 2: lasted two months, so we were good. We were good
13:36
Speaker 2: and and then we were bad again for February. And
13:39
Speaker 2: this is a bit of a warr We did have
13:40
Speaker 2: weather events, but a bit of a worry because you know,
13:43
Speaker 2: the hoping March would be good bounce back, but then
13:45
Speaker 2: we also have Trump and the war. I'll have an
13:49
Speaker 2: update on that for you next. We'll actually speak to
13:52
Speaker 2: an economist as well. Out of a has been nick
13:54
Speaker 2: toughly before six his reaction to what Nikola Will has
13:57
Speaker 2: said at a one pm press yesterday Hit News Talks.
14:00
Speaker 1: Ab the early edition full show podcast on iHeartRadio Power
14:06
Speaker 1: it by News Talks.
14:07
Speaker 12: It be.
14:09
Speaker 2: Five twenty six News Talks. It be Trump speaking from
14:12
Speaker 2: the White House as we go to hear this morning,
14:14
Speaker 2: and he's talking about around of course, and the strike
14:17
Speaker 2: and who's going to protect it.
14:19
Speaker 7: Numerous countries have told me they're on the way. Some
14:23
Speaker 7: are very enthusiastic about it, and some are in summer
14:27
Speaker 7: countries that we've helped for many, many years. We've protected
14:31
Speaker 7: them from horrible outside sources, and they weren't that enthusiastic.
14:39
Speaker 7: And the level enthusiast of enthusiasm, it matters to me.
14:43
Speaker 7: We have some countries where we have forty five thousand soldiers,
14:47
Speaker 7: great soldiers, protecting them from harm's way, and we have
14:54
Speaker 7: done a great job.
14:55
Speaker 1: Ryan Bridge.
14:58
Speaker 2: A one pm PRIs yesterday, COVID style alert levels. This
15:02
Speaker 2: fuel spike is bringing back bad memories from those dark
15:05
Speaker 2: days of lockdown. Isn't it just a little bit go on?
15:08
Speaker 2: Omit it? A few facts to put things in perspective
15:10
Speaker 2: this morning. There's a lot of scenarios and best guesses
15:13
Speaker 2: going on, but the reality is we're not yet short
15:16
Speaker 2: on fuel. That's at least weeks away. We're told the
15:19
Speaker 2: economies and recovery, and even those worst case scenarios still
15:22
Speaker 2: have US growing at a little under three percent three percent,
15:26
Speaker 2: about half a percent off pre war predictions, but still
15:29
Speaker 2: near three percent. The other big difference is the response
15:33
Speaker 2: interest rates. Even if inflation hits the high threes aren't
15:36
Speaker 2: expected to shoot up dramatically immediately in response because demand
15:40
Speaker 2: fools as people put less petrol in the Honda. If
15:43
Speaker 2: you live rually and if you don't have a gray
15:46
Speaker 2: Lin tractor aka a Tesla, the price of fuel, of
15:49
Speaker 2: course is going to sting, but it won't cause the
15:51
Speaker 2: sort of catastrophic long term damage lockdowns and COVID supply
15:55
Speaker 2: disruptions did. Nikola Willis, who fronted yesterday's one PM the
16:00
Speaker 2: Media event, made pretty clear that excise cuts and other
16:03
Speaker 2: expensive relief think cost of living payments aren't off the table,
16:07
Speaker 2: but aren't top of the list either. The government is
16:10
Speaker 2: a different beast to the one that came before it.
16:12
Speaker 2: They have learnt the lesson that we're currently paying for
16:15
Speaker 2: of splashing the cash to stay popular. They've resisted demands
16:19
Speaker 2: for stimulus despite two bitter years of recession, spending up
16:23
Speaker 2: large when inflation is about despite would completely undermine their
16:27
Speaker 2: political credibility, which means when something bad happens, which it
16:31
Speaker 2: is or is about to, will feel the effects of
16:34
Speaker 2: it in real time. And that is no bad thing,
16:38
Speaker 2: cry and Bridge twenty eight minutes after five Hipkins. So
16:44
Speaker 2: the ex wife the claims, I can't tell you what
16:48
Speaker 2: they are because I can't say that they're true. So
16:52
Speaker 2: there is a potential defamation suit there. So that's why
16:56
Speaker 2: media outlets aren't reporting. But here's the what happens is
17:01
Speaker 2: the media outlets say, headline Banner, there's something going on
17:06
Speaker 2: with Pipkins, and then everybody goes on to Google, don't they,
17:10
Speaker 2: and they start searching and it's all over social media,
17:13
Speaker 2: so everyone knows. It's like the Tom Phillips rumors situation
17:17
Speaker 2: all over again. News talks there'd be we'll get an
17:20
Speaker 2: update on the economy before six and to Australia with
17:23
Speaker 2: Donna after Newsgas.
17:28
Speaker 13: For You person over.
17:32
Speaker 1: Again, the news you need this morning, and the in
17:36
Speaker 1: depth analysis early edition with Ryan Bridge and one Root
17:41
Speaker 1: Love where you Live.
17:42
Speaker 2: News talks'd be pretty far away from the six News Talks.
17:50
Speaker 2: They'd be great to have your company this Tuesday morning.
17:52
Speaker 2: Nick Touffy from asb on the economy and the war
17:55
Speaker 2: that's coming up before six Don and tomayow out of
17:57
Speaker 2: Australia for US where they are starting to look at
17:59
Speaker 2: some relief at the pump for consumers. Starm are over
18:03
Speaker 2: in the UK. He's announced overnight one hundred and twenty
18:06
Speaker 2: million dollars. Because this is what happens when there's a crisis.
18:08
Speaker 2: You have you've got one or two playbooks, and as
18:10
Speaker 2: I just said, I think Nicholas going from the type
18:13
Speaker 2: for school playbook, Starm's doing the opposite, one hundred and
18:16
Speaker 2: twenty million dollars for homes that use heating oil. So basically,
18:20
Speaker 2: if you've got a furnace, because there is a cap
18:23
Speaker 2: over in the UK if you get your electricity from
18:25
Speaker 2: hot water or if you get your electricity from gas,
18:28
Speaker 2: then there is a cap on how much you pay.
18:31
Speaker 2: Not so if you've got a furnace and oil heading
18:34
Speaker 2: your home. So he's putting a subsidy in. It's for
18:37
Speaker 2: rural people, it's for low income people, so it is targeted,
18:39
Speaker 2: but it's still one hundred and twenty million New Zealand dollars.
18:43
Speaker 2: Ryan had an argument with someone about the fuel last night.
18:47
Speaker 2: If you're on a budget, cost of living, et cetera.
18:50
Speaker 2: We all should be then fifty dollars of fuel remains
18:52
Speaker 2: the same price. There might need to be some concessions made,
18:55
Speaker 2: like walking to school or pilates. Yeah, no, it's definitely true.
19:00
Speaker 2: John said, it's hard to believe after COVID and TPS
19:04
Speaker 2: toilet paper syndrome, people are going out and buying so
19:06
Speaker 2: many plastic fuel containers that might atten is running out
19:09
Speaker 2: of them. Yeah, human nature for you, isn't it. Twenty
19:12
Speaker 2: three to six and bread Rich shaming toded and good morning,
19:16
Speaker 2: Good morning Ryan. What's this controversial screen hub plan for
19:20
Speaker 2: central Otago?
19:22
Speaker 14: Yeah, so, a screen hub near Queenstown has been approved
19:25
Speaker 14: by a fast track panel despite opposition from neighbors. Winton
19:29
Speaker 14: Capital Limited plans to build a film and television production
19:32
Speaker 14: facility with studios and more than two hundred worker accommodation units.
19:37
Speaker 14: Now the twenty six heat dere site for the Airburn
19:41
Speaker 14: screen hub is between Arrowtown and Lake Hayes and it's
19:44
Speaker 14: been described by developer Chris Meehan as the best part
19:47
Speaker 14: of New Zealand's most expensive street. However, locals say the
19:51
Speaker 14: proposal would spoil their slice of Paradise, and project documents
19:55
Speaker 14: say it will generate six hundred and thirty full time
19:58
Speaker 14: jobs during construction and three hundred and seventy once operating.
20:03
Speaker 2: Jamie How's Deneen's weather.
20:05
Speaker 14: Cloudy periods northeasterlies from afternoon are high of eighteen.
20:09
Speaker 2: Thank you, Claire and christ Church Cliar, good morning, Good morning,
20:12
Speaker 2: Canterby's Canterbury's economic recovery and full swing. We have the numbers.
20:16
Speaker 9: We do have the numbers.
20:17
Speaker 12: Well, that's according to their latest Business Canterby Quarterly Survey.
20:21
Speaker 12: It shows all indicators this time at trending upwards. That
20:25
Speaker 12: includes seventy six percent of Canterbury businesses expecting the economy
20:29
Speaker 12: to get stronger, seventy one percent planning to invest more,
20:33
Speaker 12: and eighty four percent feeling confident to deal with disruption now.
20:37
Speaker 12: Chief Executively and Watson says businesses investing more will only
20:40
Speaker 12: serve the region's economy. Further, she says at the moment
20:44
Speaker 12: there are about nine hundred jobs being created a week
20:47
Speaker 12: in Canterbury alone in order to keep up with growing
20:50
Speaker 12: businesses here. But she does say that there needs to
20:52
Speaker 12: be a bit more investment in infrastructure in order to
20:55
Speaker 12: support this growth.
20:57
Speaker 2: All right. How's the weather.
20:58
Speaker 12: A bit of fog and low cloud of this morning,
21:00
Speaker 12: but then clearing to fine northerlyes at a high of
21:03
Speaker 12: twenty one, Thank.
21:04
Speaker 2: You and Roy Day clear Max and Wellington Morning Max,
21:06
Speaker 2: Good morning. But of an apartment block fire last night, Yeah.
21:10
Speaker 13: Just to quick one, an apartment block fire in central Wellington.
21:14
Speaker 13: The block itself had to be evacuated, of course. During
21:18
Speaker 13: this fire, two people were in the apartment in question
21:21
Speaker 13: one seriously hurt. Have taken to hospital apparently as well.
21:24
Speaker 13: Still trying to find out what caused it in the
21:26
Speaker 13: state of that person this morning. Hopefully they're all right.
21:28
Speaker 13: It was down around Webb Street, close to the War
21:30
Speaker 13: Memorial in the Basin Reserve. Thankfully the thing was extinguished
21:34
Speaker 13: before it spread beyond the apartment. Fire investigators remain at
21:37
Speaker 13: the scene today.
21:39
Speaker 2: Very good.
21:39
Speaker 13: How's the weather mainly fine northern East twenty the high
21:42
Speaker 13: central and.
21:43
Speaker 2: Droimex, thank you. Good morning, Neva, Good morning. So drivers
21:46
Speaker 2: A Laura abiding on Metcala Road.
21:49
Speaker 15: Yes, apparently so so the ninety nine percent of drivers
21:52
Speaker 15: clocked on New Zealand's first average speed safety camera corridor.
21:56
Speaker 15: They're traveling at the speed limit or slower. So what
22:00
Speaker 15: we know is that nearly four hundred thousand vehicles have
22:02
Speaker 15: traversed that five kilometers streets of Meticana Road north of Auckland.
22:06
Speaker 15: That was since the cameras were switched on in December.
22:09
Speaker 15: They calculate the speed by measuring the time a vehicle
22:11
Speaker 15: takes to travel between points on a road rather than
22:14
Speaker 15: just you know, taking a snap at a single point.
22:17
Speaker 15: So compliance with the eighty kilometer in our limit set
22:19
Speaker 15: on eighty eight percent in speed surveys that was taken
22:22
Speaker 15: in twenty twenty two.
22:23
Speaker 5: Pretty good, though very good.
22:25
Speaker 2: Everyone's obeying the rules. How's our weather?
22:27
Speaker 9: Mainly fine?
22:28
Speaker 15: Afternoon cloud are high of twenty four.
22:31
Speaker 2: Thank you Neva. It is nineteen minutes away from six.
22:35
Speaker 2: I've spoken to quite a few parents lately who and
22:38
Speaker 2: it's I don't know whether it's just the company that
22:41
Speaker 2: I keep, but their children who are lateeen's early twenties
22:46
Speaker 2: are setting at home, not with no job, doing nothing,
22:49
Speaker 2: literally playing PlayStation and they don't know what to do
22:52
Speaker 2: about them. And in this country we have a problem
22:55
Speaker 2: after COVID where young people were at home, weren't socializing.
23:00
Speaker 2: They're not even going to the pub to have a drink.
23:02
Speaker 2: They're not even doing anything fun with their time. They're
23:05
Speaker 2: just on a PlayStation. So in the UK they're trying
23:08
Speaker 2: to do something about this. And again this is Starma
23:10
Speaker 2: and Reeves with their cash splash, so they're going to
23:13
Speaker 2: pay businesses seven thousand dollars New Zealand dollars are grant
23:18
Speaker 2: for every person they take on aged eighteen to twenty
23:21
Speaker 2: four who is on a benefit and looking for a
23:23
Speaker 2: job for six months or more. Seven thousand dollars. Twelve
23:27
Speaker 2: and a half percent. That's their number of neats. Percentage
23:30
Speaker 2: of neats over there. You're not not in education, employment
23:32
Speaker 2: training sixteen to twenty four year olds twelve and a
23:35
Speaker 2: half percent. Now here's a question for you. If you
23:38
Speaker 2: own a business, if someone said to you take on
23:41
Speaker 2: this kid who sits at home and plays PlayStation and
23:44
Speaker 2: is actually quite useless at working and doesn't want to
23:47
Speaker 2: be there. But i'll give you seven grand if you
23:49
Speaker 2: take them on. Are you going to take them on?
23:51
Speaker 2: Of course you're not, because you're not silly. Eighteen to
23:53
Speaker 2: six News talks. There'd be Australia next. This is to
23:57
Speaker 2: all the small business owners out there this morning. You'll
24:00
Speaker 2: though that tax time is properly overwhelming, like it's a
24:03
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24:05
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24:07
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24:09
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24:11
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24:15
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24:18
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24:28
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24:54
Speaker 2: Somebody's text in high rhyn do you think hipkins cancels
24:57
Speaker 2: a regular media rounds today? This is after the x
24:59
Speaker 2: Y social media drama of the last twenty four hours.
25:03
Speaker 2: Thanks Nick. I can tell you he won't be making
25:06
Speaker 2: his usual media rounds this morning, not because of this
25:09
Speaker 2: scandal and this hubbub that's happening online, but because last
25:15
Speaker 2: week he changed his media day from a Tuesday to
25:18
Speaker 2: a Wednesday. So that's the reason you won't well unless
25:21
Speaker 2: he does any particular interviews, which I highly doubt.
25:23
Speaker 1: Fourteen to six International correspondence with ends in eye insurance
25:28
Speaker 1: peace of mind for New Zealand business.
25:31
Speaker 2: So our Australia correspondent with US Live this morning, Donna,
25:34
Speaker 2: Good morning, good morning, lovely to talk to you as always.
25:38
Speaker 2: What's up with these Iranian soccer players taking the asylum
25:42
Speaker 2: and then returning home? Another one now returning home?
25:45
Speaker 16: Another one the captain in fact, so she's the fifth
25:48
Speaker 16: member of the Iranian women's football team that has withdrawn
25:51
Speaker 16: her asylum claim and she has left Australia in toit it.
25:55
Speaker 9: It was seven team members, including.
25:57
Speaker 16: A player handler, that had been granted a humanitary visas
26:01
Speaker 16: they were in Australia for the Asian Cup tournament and
26:03
Speaker 16: the team had refused to sing the Iranian national anthem
26:06
Speaker 16: before the opening match, and they were branded wartime traitors
26:10
Speaker 16: in Iran.
26:11
Speaker 17: Now they've been claims and these have been reported that
26:13
Speaker 17: the staff member that was granted asylum was passing on
26:17
Speaker 17: threats from the Iranian regime. Now governments also say they
26:21
Speaker 17: have looked into those claims and there's no reason to
26:23
Speaker 17: believe them. However, we have heard from Australia's Department of
26:26
Speaker 17: Home Affairs and they're saying that it gave the players
26:30
Speaker 17: asking to return home multiple opportunities to reconsider, and the
26:35
Speaker 17: Iranian Football Association says players are now returning home and
26:40
Speaker 17: they've actually rejoined the rest of the team in Malaysia
26:42
Speaker 17: and then they're on their way home. The Australian government, meanwhile,
26:45
Speaker 17: says it has done everything to ensure the women were
26:48
Speaker 17: provided with the chance for a safe future in Australia.
26:51
Speaker 9: We've heard from human rights campaigners as well, and they.
26:54
Speaker 16: Say they're sad and by the news that these women
26:57
Speaker 16: are returning home, claiming intimidation from the regime is very real,
27:01
Speaker 16: and they're claiming that families have been detained and threatened,
27:05
Speaker 16: and they're urging the world to keep watching the regime,
27:10
Speaker 16: don't look away at this time.
27:12
Speaker 9: Right two of the teams still are in Australia, I
27:15
Speaker 9: might add.
27:16
Speaker 2: I came good to know. It's hard to know, isn't
27:18
Speaker 2: it whether they've made a decision of their own free
27:21
Speaker 2: will and volition, or whether there is pressure going on
27:23
Speaker 2: at home? Hey, very quickly, How old was this driver
27:25
Speaker 2: caught behind the wheel?
27:27
Speaker 9: Okay?
27:27
Speaker 16: Nine year old boy caught allegedly driving a car one
27:30
Speaker 16: thirty in the morning on a major highway in New
27:32
Speaker 16: South Wales.
27:32
Speaker 17: Police so he was sitting on the lap of a
27:34
Speaker 17: forty five year.
27:35
Speaker 9: Old man who faces quite a number of driving offenses.
27:38
Speaker 16: Now, unsurprisingly then the forty five year old man was
27:41
Speaker 16: significantly fatigued.
27:43
Speaker 9: He was operating the pedals, the boy was steering the car.
27:48
Speaker 2: Think you've done our Australia corresponds like when kids used
27:51
Speaker 2: to drive their parents home because the parents were drunk.
27:53
Speaker 2: It used to be a thing, didn't it? Probably not
27:55
Speaker 2: so much any Moore eleven to sex Ry and Bridge.
27:57
Speaker 2: So the war scenarios Treasury reckons. Under worst case scenario,
28:01
Speaker 2: which is the conflict lasting until the end of the
28:03
Speaker 2: year with elevated oil prices, inflation could three point seven
28:07
Speaker 2: percent currently three point one. Nicola willis though doesn't think
28:11
Speaker 2: that's too bad, that's too.
28:13
Speaker 6: High for my liking. But it's lower than Australia has
28:17
Speaker 6: today currently at three point eight. The reason I share
28:21
Speaker 6: this point with you is to emphasize that New Zealand
28:23
Speaker 6: does enter this period of unavoidable international cost pressures from
28:28
Speaker 6: a stronger position than some other countries.
28:30
Speaker 2: There's also no actual fuel shortaget Nick Toughly a speechief
28:33
Speaker 2: Economists with us. Nick, good morning, good mining. So what
28:37
Speaker 2: did you make of the plan? I mean inflation, Yeah,
28:40
Speaker 2: it looks bad, but as the Minister says, still less
28:42
Speaker 2: than Australia, and we would presumably see some demand come
28:46
Speaker 2: off of price oil prices roads, would we not well.
28:50
Speaker 18: You likely would with a sharp lift in prices like
28:53
Speaker 18: this and lock to put it in context, a few
28:56
Speaker 18: did have oil prices remaining high for the rest of
28:59
Speaker 18: the year. As the Financement is the said lot you're
29:02
Speaker 18: going to have inflation in the high threes and it
29:04
Speaker 18: would remain into at three percent something into next year.
29:08
Speaker 18: But look we saw in twenty twenty two inflation pretty
29:12
Speaker 18: quickly hit six percent when we had a pretty sharp
29:14
Speaker 18: lift in oil prices. Back back then, much sharper lift,
29:18
Speaker 18: and we had five percent inflation back in two thousand
29:21
Speaker 18: and eight when we had a lift in oil prices,
29:23
Speaker 18: which also coincided with a lift in food prices as well.
29:28
Speaker 2: Very hard to get rid of once it kicks in,
29:29
Speaker 2: isn't it.
29:31
Speaker 18: That's the challenge for the Reserve Bank because is what
29:33
Speaker 18: it will be watching for. Is not just the sort
29:37
Speaker 18: of short term immediate lift that we see at the pump,
29:40
Speaker 18: it's also the flow on through the transportation sector, and
29:44
Speaker 18: then if the costs get embedded, and really importantly it's
29:47
Speaker 18: the reserve bank will worry if our behavior changes, if
29:50
Speaker 18: we start going or here we go again, seven percent
29:53
Speaker 18: inflation and our behavior starts to shift in a way
29:56
Speaker 18: that that entrenches inflation, just makes it a bit more
29:59
Speaker 18: difficult bring it down.
30:00
Speaker 2: So what does the government do? Because politically, if they
30:04
Speaker 2: went out and relieved a whole bunch of people at
30:06
Speaker 2: the pump and spend a bunch of money at a
30:08
Speaker 2: time when inflation's going up, it would be pretty dumb
30:10
Speaker 2: for them. But economically would that be a smart thing
30:13
Speaker 2: to do or not?
30:15
Speaker 18: Well, it's pretty hard to avoid a shot like this.
30:18
Speaker 18: So there's a big shock. It's affecting a lot of
30:20
Speaker 18: countries it does mean that you get a combination of
30:23
Speaker 18: higher prices, but also it's slower consumer spending than otherwise
30:27
Speaker 18: because that gets crowded out as well. So you can't
30:31
Speaker 18: wave a magic Wand the best thing the government can
30:34
Speaker 18: do is either a lot to offset the impact on
30:38
Speaker 18: lower income households who are going to feel more of
30:41
Speaker 18: a squeeze from it, and also just try and see
30:44
Speaker 18: what it can do to help the industry to smooth
30:47
Speaker 18: out any sort of supply disruption. And the biggest impact
30:50
Speaker 18: threat potentially is actually running out of fuel and needing
30:54
Speaker 18: to either ration it or see the economy hit harder
30:57
Speaker 18: than just merely having to deal with higher per.
31:00
Speaker 2: Which we're told is at least weeks away from happening.
31:03
Speaker 2: And I appreciate your time this morning, as always Nick
31:05
Speaker 2: Tuffley asb Chief Economist. It is eight to six news Talk,
31:08
Speaker 2: said b Mic.
31:09
Speaker 1: Next the first word on the News of the Day
31:13
Speaker 1: early edition with Ryan Bridge and one roof love where
31:18
Speaker 1: you live news Talks be.
31:20
Speaker 2: Six minutes away from six on news Talk, said be
31:22
Speaker 2: thanks for your text this morning. Mike is in the studio.
31:24
Speaker 2: He's here with you next morning, Mike, Greetings, Ryan. Lovely
31:27
Speaker 2: to see you read the headline, go on, government braces
31:30
Speaker 2: for fuel turmoil exactly.
31:32
Speaker 19: So yesterday I'm watching Nikola Willis's on the program. I'm
31:34
Speaker 19: gonna have to talk to it. I don't know whether
31:36
Speaker 19: it's her fault or our fault, or whose fault it is,
31:39
Speaker 19: But name me the country that asks their leader what's
31:43
Speaker 19: the worst case scenario?
31:45
Speaker 2: Why do we go every hang on every other country? Look,
31:50
Speaker 2: I watched it. I watched a press conference out of
31:52
Speaker 2: Cambery yesterday. Failure.
31:54
Speaker 19: Bunch of losers, I want, I watched I watched Trump
31:57
Speaker 19: the brain yesterday.
31:58
Speaker 2: The Brits. The Brits, so a bunch of losers.
32:00
Speaker 19: I think it's an Anglo Saxon thing that we're predisposed
32:05
Speaker 19: to misery.
32:05
Speaker 2: Well, I tell you where they don't ask questions is
32:08
Speaker 2: in the Middle East because there's no press conference.
32:11
Speaker 19: But I'm watching Trump on the plane yesterday now, and
32:13
Speaker 19: asked the president, so, what's the worst case scenario? At
32:15
Speaker 19: mister president, you know, we go straight to this default
32:18
Speaker 19: poses and she comes out with this thing yesterday. If
32:20
Speaker 19: the war lasts an entire year on, you're into guest
32:25
Speaker 19: territory at that point, aren't you.
32:26
Speaker 2: Yes? But okay, let's assume what she says is true
32:29
Speaker 2: in going to happen, although we know that the predictions
32:31
Speaker 2: are not entirely right mostly, but at three point seven
32:34
Speaker 2: percent inflation, that wasn't the end of the world.
32:36
Speaker 19: Not the end of the world, and than three point
32:38
Speaker 19: seven percent inflation is if you're going to go down
32:40
Speaker 19: that misery track.
32:40
Speaker 2: What I want to know?
32:41
Speaker 19: What's to do to gdpeak? That's the real, that's the real,
32:43
Speaker 19: half percent, not not inflation. And then jobs? How many
32:46
Speaker 19: jobs were losing exactly half a percent?
32:48
Speaker 2: Although at half a percent we would still be growing
32:52
Speaker 2: at just under three percent, which on any normal given
32:54
Speaker 2: year you would have.
32:55
Speaker 19: So what's the conclusion there?
32:57
Speaker 2: It's not end of the world.
33:00
Speaker 19: Chill out for goodness sake. Now, what are you doing
33:02
Speaker 19: about Hipkins? Have you done anything about Hippens?
33:04
Speaker 2: I have spoken about Hipkins. Hopkins normally does a Wednesday
33:08
Speaker 2: media Tuesday media around, but he changed it last week
33:10
Speaker 2: to a Wednesday media around, so people won't hear from
33:12
Speaker 2: him today. But well, what are you going to say
33:15
Speaker 2: about him?
33:15
Speaker 19: Well, here's the tricky thing. Why are we even reporting
33:18
Speaker 19: on If you can't report on something, what's the point
33:20
Speaker 19: of reporting on something You can't report on other than
33:23
Speaker 19: to drive people.
33:24
Speaker 2: To the exactly, and this is that we were talking
33:26
Speaker 2: about this exact point this morning. Are you somehow almost
33:30
Speaker 2: complicit as a media organization in would either.
33:33
Speaker 19: Run it because it's a genuine story, because he's a
33:36
Speaker 19: political figure, or if you can't run it, and you
33:39
Speaker 19: can't because your mouth, move on. Otherwise everybody gets to
33:43
Speaker 19: hit the net and say whatever they want and then
33:46
Speaker 19: take down the post and then suddenly it's news and
33:49
Speaker 19: everyone goes, oh, what is the news?
33:50
Speaker 2: And the next thing you see, yeah, exactly, and no
33:52
Speaker 2: one would have known about it before a news alert where.
33:55
Speaker 19: It goes what's the worst case scenario?
33:59
Speaker 2: I want to said, I think it's already happened. Divorce
34:04
Speaker 2: News Talk Zebig Make with you next.
34:07
Speaker 1: For more from Early Edition with Ryan Bridge. Listen live
34:11
Speaker 1: to News Talk Set B from five am weekdays, or
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