Latest / Early Edition with Ryan Bridge / Full Show Podcast: 07 May 2026

Transcript

Full Show Podcast: 07 May 2026 · Early Edition with Ryan Bridge

0:00
Speaker 1: The issues, the interviews and the insight. Bryan Bridge on
0:05
Speaker 1: early edition with Spark for business technology that keeps business moving,
0:09
Speaker 1: news talks, they'd be good.
0:11
Speaker 2: Morning six after five grade to have your company with
0:13
Speaker 2: Thursday morning more young people out of work will speak
0:16
Speaker 2: to Nick Tapley from ASP about that. Mitch mccannon's stateside
0:18
Speaker 2: for US, the citizenship test, what questions would you pop them?
0:22
Speaker 3: There?
0:22
Speaker 2: And the BSA's Gonski Bryan Bridge Thursday, the seventh of May,
0:28
Speaker 2: and Trump says the Iran war coulting with a deal,
0:31
Speaker 2: but if not, strikes could ramp up again.
0:35
Speaker 4: The Pakistanis who are the mediators? And all this suggesting
0:38
Speaker 4: that the Strait of hor moves for now at least
0:41
Speaker 4: is open to all traffic. We should take none of
0:44
Speaker 4: these posts at face value.
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Speaker 5: I mean it's worth remembering.
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Speaker 4: That a few weeks ago a post by the Pakistani
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Speaker 4: Prime minister. It was then suggested that actually that post
0:54
Speaker 4: had been written by the Americans.
0:57
Speaker 2: I'll give you the details on that in just a second.
0:58
Speaker 2: Brink crowd Future's either way below one hundred dollars US overnight.
1:02
Speaker 2: As a result, G seven Trade ministers have been continuing
1:05
Speaker 2: their meeting in Paris Day two. Supply chain. The big
1:08
Speaker 2: issue here's the Brits.
1:10
Speaker 6: So we've been looking at what those aspects of resilience
1:14
Speaker 6: mean the United Kingdom. We have started stockpiling critical minerals.
1:19
Speaker 6: We've also started engaging with our key partners, including the
1:23
Speaker 6: United States, as to how we can have a set
1:25
Speaker 6: of arrangements between us to ensure the smooth supply of
1:29
Speaker 6: critical minerals in different circumstances. And these are the sorts
1:32
Speaker 6: of things that show that meetings like this really do deliver.
1:35
Speaker 2: Finally, this morning, Ted Turner, if you don't know the name,
1:38
Speaker 2: you'll nobody's famous for created CNN. Founded CNN, amazing cable
1:42
Speaker 2: network channel, twenty four hour news channel. President George Bush
1:46
Speaker 2: once joke that they learned more from CNN they did
1:49
Speaker 2: from CNA at the CIA. He's died at the age
1:52
Speaker 2: of eighty seven.
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Speaker 7: More and better information, more quickly received, has got to
1:56
Speaker 7: be overall a plus. I think Clenn was pretty good
1:59
Speaker 7: when when I was running it, and so did everybody else.
2:03
Speaker 7: That's that's it. Because we were allowed to come in
2:05
Speaker 7: everywhere in the world, and it was there was a
2:09
Speaker 7: lot of opposition to a global network when we started
2:13
Speaker 7: particularly one from the United States because people were afraid
2:16
Speaker 7: of cultural imperialism.
2:19
Speaker 2: You're on News TALKSB. It's eight minutes after you run first.
2:22
Speaker 1: Bryan Bridge on early edition with fun for business Technology
2:26
Speaker 1: that keeps business moving.
2:27
Speaker 3: News Talks B.
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Speaker 2: Nine nine two is the number TIX. If anyone who
2:30
Speaker 2: has any ideas, what questions would you put in a
2:33
Speaker 2: citizenship questionnaire? Would love to hear your ideas this morning
2:37
Speaker 2: nine two nine two. Apparently there will be one on
2:38
Speaker 2: the treaty for those who are interested in that. There
2:40
Speaker 2: will be a question on the treaty. It'll be stuff
2:43
Speaker 2: like should you pay tax? And why is paying tax
2:46
Speaker 2: an important part of living in society? That kind of thing,
2:50
Speaker 2: you know, free speech, all those sorts of things. Now
2:53
Speaker 2: speaking of actually the BSA is not too long in
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Speaker 2: this world and probably a good thing. I mean, it
2:59
Speaker 2: never made sense. So I can say something. You know,
3:02
Speaker 2: I have two jobs, very busy two jobs. One here
3:05
Speaker 2: at News Talks, he'd be, and then one on a
3:07
Speaker 2: streaming platform over at the Herald. I can come on
3:12
Speaker 2: here News Talks, he'd be, say something, and I can
3:15
Speaker 2: cop a fine for saying that. I can go on
3:18
Speaker 2: to my other show, say the exact same thing and
3:21
Speaker 2: it's consequence free. How does that make sense? The world's changed,
3:25
Speaker 2: the thing doesn't fit anymore, it's broken, so get rid
3:28
Speaker 2: of it, and they are it's all going to be
3:30
Speaker 2: self regulation.
3:31
Speaker 8: Now.
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Speaker 2: I don't think anyone actually, despite what my own passioned speech,
3:36
Speaker 2: actually cares about this. So we will move on. Let's
3:39
Speaker 2: go to the war very quickly. So the problem, of
3:41
Speaker 2: course is the Strait has always been the Strait. It
3:43
Speaker 2: was never going to be ending the war because you
3:45
Speaker 2: can just walk away from that and say that you have,
3:47
Speaker 2: you know, put a victory banner on it. But the
3:50
Speaker 2: blockade didn't work, you know, trying to put pressure on
3:52
Speaker 2: their raanings that way. Blockade didn't work. Project Freedom well
3:56
Speaker 2: that's now on pause, didn't last a week. And that
4:00
Speaker 2: it didn't work because no ship will cross that straight
4:03
Speaker 2: as long as a little speedboat can come along and
4:05
Speaker 2: fire something at it. And there's an interesting podcast called
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Speaker 2: Iran the Latest, which the Telegraph does, and they talk
4:14
Speaker 2: about and have talked about from the very beginning, the
4:16
Speaker 2: fact this whole situation with the Straight will not end
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Speaker 2: until there is a political solution, because as long as
4:24
Speaker 2: you've got angry Iranians in speedboats missiles. You're never going
4:29
Speaker 2: to get ships through the thing. So you actually need
4:31
Speaker 2: them to agree to a political solution. And that's the
4:35
Speaker 2: only way you're going to stop it. And that's basically
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Speaker 2: what Trump is realizing now. Ten after five YDS talks,
4:40
Speaker 2: heb coming out next we'll talk about the BSA with
4:43
Speaker 2: the ACT Party. Also, I'll give you a couple of
4:45
Speaker 2: details on Charmer's budget that he's announcing on Tuesday. The
4:49
Speaker 2: Australian has got hold of some COVID era tax relief
4:52
Speaker 2: for businesses. News Talk SEB.
4:55
Speaker 1: On your radio and online on iHeartRadio Belly edition with
5:00
Speaker 1: Bridge and Spark for business technology that keeps business moving.
5:04
Speaker 2: News Talks dB five point thirteen News Talks said be
5:07
Speaker 2: The Australian reporting this morning that Charmer's budget across the
5:09
Speaker 2: Tasman on Tuesday will include COVID era business tax relief.
5:13
Speaker 2: You might remember this. It was worth about five billion
5:16
Speaker 2: dollars during COVID times, though likely to be less this
5:19
Speaker 2: time around. But they basically give you two years of
5:22
Speaker 2: lost carryback for your taxes if you're a business, so
5:25
Speaker 2: you can reduce your previous year's profits and therefore the
5:29
Speaker 2: amount of tax that you're going to pay, and then
5:31
Speaker 2: you essentially get a refund, and that refund will presumably
5:34
Speaker 2: be reinvested into buying new equipment or keeping the business afloat.
5:38
Speaker 2: Therefore it's better for the economy. However it costs the government.
5:42
Speaker 2: And you know we spoke yesterday about the RBA warning
5:45
Speaker 2: the government don't blow this. Inflation is overheating, so they
5:51
Speaker 2: are real risk of doing that if you're to believe
5:53
Speaker 2: that report in the Australian that's coming Tuesday. By the way,
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Speaker 2: loving the suggestions on a citizenship question, Ryan, question for
6:00
Speaker 2: new citizens should you park in the middle of the
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Speaker 2: road and should you drive at twenty kilometers an hour
6:06
Speaker 2: and a fifty kilometer zone weirdly all over the road?
6:09
Speaker 2: Very good? Fourteen after five Brian Bred The essay is gone.
6:13
Speaker 2: Government getting rid of it. Social media taking over traditional media.
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Speaker 2: Doesn't make sense to have it anymore. So the plan
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Speaker 2: now is to shift to a self regulated model. Laura
6:22
Speaker 2: McClure ACTMP had a member's bill to get rid of
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Speaker 2: the thing. Is doing victory laps this morning. Laura, good morning, Hey,
6:29
Speaker 2: good morning, Ryan. You're happy with this?
6:32
Speaker 3: Oh?
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Speaker 9: Look, absolutely, it's a huge one for freedom of speech
6:36
Speaker 9: here in New Zealand. But yeah, it's the BSA was
6:40
Speaker 9: well and truly outdated and it's time that it wents.
6:44
Speaker 2: What types of things should you not be able to
6:47
Speaker 2: say on the radio or on a podcast or on
6:50
Speaker 2: an online streaming show.
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Speaker 9: Well, look, I think the point of that question is
6:56
Speaker 9: it is absolutely outs for debate and the BSA the
7:01
Speaker 9: mechanism of the BSA was to essentially well regulate or
7:07
Speaker 9: be the regulating body for our mainstream media, and part
7:13
Speaker 9: of that was up to them to decide, you know,
7:15
Speaker 9: uphold complaints. But it doesn't actually cover anything else from
7:19
Speaker 9: our mainstream media. And we know that young people in
7:23
Speaker 9: particular are consuming their media everywhere, whether it's online, whether
7:26
Speaker 9: it's on their social media. So you know, it's look,
7:30
Speaker 9: that is up for debate, but I don't believe the
7:32
Speaker 9: BSA was the right is the right platform to be
7:35
Speaker 9: able to discuss that.
7:36
Speaker 2: It's interesting you talk about social media a lot of
7:39
Speaker 2: young people, that's obviously their main source of news just
7:43
Speaker 2: of life in general. So isn't the message here really
7:46
Speaker 2: to parents in particular that you need to school your
7:50
Speaker 2: your children on how to understand what is right, what
7:55
Speaker 2: is wrong and what is fact and what is fiction?
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Speaker 9: Yeah. Absolutely, Look, it's definitely a parent's job. It's definitely
8:04
Speaker 9: part of our education where young people are online, and
8:07
Speaker 9: I believe that, you know, we need to we need
8:09
Speaker 9: to do absolutely a bit more when it comes to
8:11
Speaker 9: teaching our kids about the online environment and you know,
8:14
Speaker 9: how to spot right wrong, disinformation, misinformation because the issue
8:19
Speaker 9: isn't really with mainstream media, it's with you know, anything
8:23
Speaker 9: that we can consume online.
8:25
Speaker 2: It's the wild West out there. Laura, good to have
8:27
Speaker 2: you on the show. Laura McLure, ACTMP with us. This morning.
8:30
Speaker 2: Time is sixteen after five, ran Bridge. Everybody loves Singapore
8:34
Speaker 2: at the moment. Luxon's been over there, Willis has been
8:37
Speaker 2: over there. Everybody's just in love with Singapore. Well, they've
8:41
Speaker 2: just introduced a new rule which I thought you might
8:44
Speaker 2: be interested in, and it is basically bringing back the cane. Yeah,
8:50
Speaker 2: Singapore is bringing back the cane for kids only boys
8:54
Speaker 2: nine years or older, and only if they're bullying other
8:57
Speaker 2: kids at school. The principle has to approve it and
9:01
Speaker 2: it's administered by authorized teachers. But if you bully another kid,
9:06
Speaker 2: including cyber bullying, just to Laura's point, including cyber bullying,
9:10
Speaker 2: you will get the cane in Singapore that had sought
9:13
Speaker 2: them out, wouldn't it seventeen after five news talks had been.
9:16
Speaker 3: Before the news breaks.
9:18
Speaker 1: Here at first, Ryan Bridge on early edition with Spark
9:22
Speaker 1: for business technology that keeps business moving news talks, he'd
9:26
Speaker 1: be five nineteen.
9:27
Speaker 2: Quite interesting. What's happened post the depositor Compensation Guarantee scheme.
9:30
Speaker 2: This is where you have one hundred thousand dollars in
9:33
Speaker 2: a bank, or a building society, a credit union, or
9:36
Speaker 2: crucially a deposit taking finance company, So your finance companies,
9:41
Speaker 2: you've got one hundred grand in there that'll be protected
9:44
Speaker 2: if the finance company goes ballly up. And what we're
9:48
Speaker 2: doing is moving money, according to the Reserve Bank, from
9:51
Speaker 2: traditional banks to finance companies. Their deposits have gone up
9:55
Speaker 2: thirty percent since this change came into FUCE last July
9:58
Speaker 2: is and that interesting. Also we're taking mortgages with them too,
10:01
Speaker 2: and normally that says a riskier considered a riskier move
10:05
Speaker 2: because they are more likely to fall over than a bank,
10:09
Speaker 2: although you will get a higher return from them. But
10:11
Speaker 2: those are up thirty percent and mortgages up thirty percent
10:14
Speaker 2: to twenty after five. Ran brid government's introducing a new
10:17
Speaker 2: citizenship test for those looking to become key. We's going
10:20
Speaker 2: to be rolled out late twenty twenty seven. It asks
10:22
Speaker 2: questions on topics like voting rights, principles of democracy, and
10:26
Speaker 2: you need to get seventy five percent questions right to pass.
10:30
Speaker 2: So not quite as hard as school. Aaron Martin, principal
10:33
Speaker 2: lawyer at New Zealand Immigration Law with me this morning.
10:35
Speaker 2: Get ay, Aaron is right, So what do you reckon?
10:39
Speaker 2: What's wrong with asking, you know, should you pay taxes?
10:41
Speaker 2: Free speech? Bit about the treaty, that sort of thing.
10:45
Speaker 8: Oh, there's nothing wrong with it. I just think it's
10:47
Speaker 8: interesting that you've got someone who determines what is the
10:51
Speaker 8: correct answer, and there clearly is an indication that there
10:57
Speaker 8: is a correct view. And I'm just astounded that you've
11:02
Speaker 8: got a party that's all about spending taxpayers money. Wisely,
11:08
Speaker 8: who's now saying taxpayers should rund a bunch of bureaucrates
11:11
Speaker 8: to come up with a pop quiz. I think we've
11:14
Speaker 8: got bigger problems in New Zealand that need to be
11:16
Speaker 8: addressed rather than the pop quiz on the citizenship test.
11:20
Speaker 8: Most people come to New Zealand to become citizens because
11:24
Speaker 8: of these values. So in my view, I think it's
11:29
Speaker 8: a bit of a beat up in order to try
11:31
Speaker 8: and look good in the upcoming election.
11:34
Speaker 2: How can you have a problem with the questions when
11:36
Speaker 2: you don't know what they are yet?
11:38
Speaker 8: Well, in these circumstances, what do you need questions about
11:41
Speaker 8: these things for?
11:42
Speaker 2: People know what to to make sure?
11:45
Speaker 4: Well?
11:46
Speaker 2: I know they know why they're coming, but how much
11:48
Speaker 2: do they know about us?
11:50
Speaker 8: Well, given that they've already been here for about five years.
11:53
Speaker 2: Or more, it should be easy to answer exactly.
11:58
Speaker 8: So in those circumstances, why do we you even need
12:00
Speaker 8: to have the test? If it's that easy, it's going
12:03
Speaker 8: to mean that everyone's surely going to pass.
12:06
Speaker 2: In Australia, they ask things like which state is the
12:09
Speaker 2: smallest of the mainland states Tres Many, Victoria, Queensland. I
12:12
Speaker 2: mean they're pretty harmless, innocuous.
12:15
Speaker 8: You know, to school geography tests. I mean, really, what
12:18
Speaker 8: you've got to ask what's the value of doing this
12:21
Speaker 8: in the citizenship application?
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Speaker 2: Doesn't it tell you?
12:26
Speaker 3: It tells you?
12:26
Speaker 2: It tells you something, doesn't aaron? Because if you're you know,
12:29
Speaker 2: at school, we all studied hard because we were invested
12:32
Speaker 2: in passing, We were invested in getting to a higher
12:35
Speaker 2: level of education. So how hard can it be to
12:39
Speaker 2: just answer a few questions and show that you're invested
12:42
Speaker 2: in this country.
12:43
Speaker 8: I don't have a problem with that. People have already
12:46
Speaker 8: invested in this country. They've come here, that they've devoted
12:49
Speaker 8: their time, and I certain skills here. That's not an
12:53
Speaker 8: issue for me. The issue is why on who thought
12:56
Speaker 8: we spending taxpayers money the bureaucrats to come up with
12:59
Speaker 8: a pop quiz at this point in time when New
13:03
Speaker 8: Zealand's faced with much bigger problems, and on the standard
13:07
Speaker 8: that are party that promotes itself on the wise spend
13:10
Speaker 8: of taxpayers money thinks that this is a great thing
13:14
Speaker 8: to do at this particular juncture of our history. Quite frankly,
13:18
Speaker 8: it's a waste of money. It should be devoted on more.
13:21
Speaker 2: Important Aaron Martin with us this morning, principal lawyer at
13:24
Speaker 2: New Zealand Immigration Law. Appreciate your time. Twenty three after
13:27
Speaker 2: five Ryan the number to text now Treasury they've released
13:32
Speaker 2: a bunch of documents. This is the Minister of Finance
13:35
Speaker 2: advice that they got from Treasury, you know, they do
13:37
Speaker 2: the proactive release or they've done a document dump, and
13:40
Speaker 2: it's from March and April telling us what Treasury was
13:43
Speaker 2: telling the Minister around the straight offor moves and the
13:46
Speaker 2: closure in the war. And the worst case scenario for
13:49
Speaker 2: inflation was seven point four percent. GDP at still up,
13:55
Speaker 2: but zero point eight percent for the twenty twenty six
13:58
Speaker 2: Joon quarter and inflation sorry, unemployment at five point seven percent,
14:03
Speaker 2: so basically really bad. But that is worst case scenario.
14:05
Speaker 2: And under that scenario they also tell you, which I
14:09
Speaker 2: hadn't heard before, how much petrol and diesel would cost.
14:13
Speaker 2: And this is scenario three worst case petrol for quarter two,
14:17
Speaker 2: the one we're in now five dollars fifty and by
14:20
Speaker 2: quarter four this year, so the end of this year,
14:22
Speaker 2: to be down to just under five bucks a liter.
14:25
Speaker 2: Diesel five dollars eighty five it would cost right now,
14:29
Speaker 2: and by the end of the year five dollars twelve.
14:32
Speaker 2: So clearly we are nowhere near the worst case scenario
14:36
Speaker 2: they were predicting just three weeks ago twenty four after
14:39
Speaker 2: five News Talks EBB.
14:40
Speaker 1: The early edition full the show podcast on iHeartRadio Power by.
14:45
Speaker 3: Newstalks IV.
14:48
Speaker 2: Five twenty six. Y're on news Talks EBB. The coalition
14:51
Speaker 2: is failing on two numbers that matter to most of
14:53
Speaker 2: US voters. The most, inflation is up over three percent,
14:57
Speaker 2: not as bad as the Aussies, not helped by Trump.
15:00
Speaker 2: But wage growth two percent this year. The prediction the
15:04
Speaker 2: cost of buying stuff is going up quicker than we
15:06
Speaker 2: can afford to pay for it by working our real
15:09
Speaker 2: wages are basically a bit shite. Sorry be say you know.
15:13
Speaker 2: When Luxon set the election date in January, he said
15:16
Speaker 2: people needed to feel the recovery, feel a recovery happening. Well,
15:20
Speaker 2: they're not. That's why the right track wrong track poll
15:24
Speaker 2: results look the way that they do. Most of us
15:26
Speaker 2: reckon that we're heading in the wrong direction because they are,
15:30
Speaker 2: and people generally and rightly link their individual circumstances to
15:33
Speaker 2: that of the country. Now, some of you might be
15:36
Speaker 2: annoyed by this, but these are facts. You can't argue
15:39
Speaker 2: with them. However, they do not mean labor is getting
15:42
Speaker 2: back into government. Far from it. Elections are about choices.
15:47
Speaker 2: Is the other guy hawking as wear has got something
15:49
Speaker 2: better to offer me? Labour's got three doctors' visits at
15:53
Speaker 2: already stretched GP clinics at a world of financial and
15:57
Speaker 2: tax uncertainty with the Greens Anti Party Mardia their site.
16:01
Speaker 2: As I said from the beginning on this, this coalition
16:03
Speaker 2: will be re elected because they are relatively stable and
16:07
Speaker 2: Kiwi's generally mostly give first time as a second shot.
16:12
Speaker 2: These wage inflation numbers are not good for them, but
16:16
Speaker 2: not fatal either. The risk of the unknown, the devil
16:19
Speaker 2: you don't know is, specially during a crisis like this,
16:22
Speaker 2: will in the end get Luxen re elected Prime Minister.
16:26
Speaker 2: I still don't think that Kiwi's when they come to
16:29
Speaker 2: polling booths in November will want to risk getting out
16:33
Speaker 2: of the frying pan only to end up in the fire.
16:36
Speaker 2: Ryan Bridge twenty nine minutes after five News Talk said,
16:39
Speaker 2: be loads of tecks coming in on immigration after our
16:42
Speaker 2: interview with the lawyer Ryan who becomes a citizen in
16:46
Speaker 2: New Zealand and what they believe is a fundamental problem
16:50
Speaker 2: for a nation. There is no bigger issue. Lots of
16:52
Speaker 2: support for the test that AC party is talking about
16:56
Speaker 2: and will be introduced by the way. The jobless rate
16:59
Speaker 2: was downslot the for the March quarter compared to December,
17:03
Speaker 2: going five point four, down five point three. The Neats
17:06
Speaker 2: number is the interesting one because this is answers the
17:09
Speaker 2: question why young people going over to Australia. Well, they've
17:12
Speaker 2: got jobs and we don't.
17:13
Speaker 3: So not in.
17:14
Speaker 2: Employment education training that is up to fifteen point nine percent.
17:19
Speaker 2: It was fourteen point four a year ago. We'll speak
17:23
Speaker 2: to Nick Tuffley about that before six. Also we'll get
17:26
Speaker 2: to Trump and what he's saying about Iran. I mean,
17:30
Speaker 2: it's one day it's says the next day it's that.
17:32
Speaker 2: But Mitch mccan has the details All ahead.
17:41
Speaker 3: News and views you trust to start your day.
17:45
Speaker 1: It's early edition with Ryan Bridge and Spark for Business
17:49
Speaker 1: Technology that keeps business moving.
17:51
Speaker 3: News Talk d be.
17:53
Speaker 2: Are so bad, are so bad it hurts. It's pretty
17:57
Speaker 2: well away from six year on news Talk, said the
17:59
Speaker 2: Nick Tuffley asb on jobs Before six, Mitch McCann and
18:02
Speaker 2: New York on the war for us. We're back to
18:04
Speaker 2: the peace talk game this morning. There is apparently a
18:07
Speaker 2: one page word document that's floating around that someone might sign,
18:11
Speaker 2: but maybe they won't. Markets are loving it though. As
18:13
Speaker 2: we woke this morning, Brent crude was down, the futures
18:16
Speaker 2: down seven percent. To just under one hundred bucks a barrel.
18:20
Speaker 2: In Europe, stocks were up, the foot Sea in Britain
18:22
Speaker 2: was up two percent, s and P five hundred up.
18:26
Speaker 2: Everything up, basically, NASDAK up. In fact, the NASDAK and
18:30
Speaker 2: the SMP now both reaching for the second week in
18:32
Speaker 2: a row new record highs. And the whole stock market
18:37
Speaker 2: in the US at the moment is predicated on two
18:39
Speaker 2: basic things. One that the war will end soon, that
18:42
Speaker 2: there will be de escalation rather than escalation. And the
18:45
Speaker 2: other thing is that the AI hype is real news.
18:49
Speaker 2: Talk seb it is twenty three to six red some
18:53
Speaker 2: of your texts and a second Calumns and Eden morning
18:55
Speaker 2: Callum morning, Right. You've got a problem with the African
18:58
Speaker 2: feather grass.
19:00
Speaker 10: This is a nasty invasive pest, this type of grass.
19:03
Speaker 10: It's been detected in Otago, prompting urgent control if it's here.
19:08
Speaker 10: It's been found in four clusters on a property in Herbert,
19:12
Speaker 10: an area where it hasn't been found before. Herbert a
19:14
Speaker 10: small town just north of Dunedin on State Highway one.
19:17
Speaker 10: African feather grass is a tussock grass, very invasive, grows
19:20
Speaker 10: up to two meters in height, produces large amounts of
19:23
Speaker 10: seeds that spread quickly and easily, and it crowds out
19:27
Speaker 10: other species, so you've got to get onto it quick.
19:29
Speaker 10: The Otaga original council staff have removed the seed heads there.
19:33
Speaker 10: They've begun treatment to stop its spreading. They say they're
19:35
Speaker 10: grateful to the residents who reported it so they could
19:37
Speaker 10: stop it spreading further.
19:39
Speaker 2: Hopefully, that's the kind of margrant we don't want. How's
19:41
Speaker 2: your weather.
19:43
Speaker 10: We've got a bit of rain here this morning, but
19:44
Speaker 10: it clears this afternoon to find spells the high nineteen
19:47
Speaker 10: nice one.
19:48
Speaker 2: Thank you Claire on christ this morning, Claire, good Morning's
19:50
Speaker 2: going on with your horses?
19:52
Speaker 11: Yes, the horses, the old Crusaders horses. They were retired
19:55
Speaker 11: after thirty years of service from Crusaders' home games. This
19:58
Speaker 11: happened a week out from the new stadium opening. It
20:01
Speaker 11: was revealed there was not going to be enough room
20:03
Speaker 11: for them to safely run around the field. Now, it
20:05
Speaker 11: was quite curious at the time, given the horsemen confirmed
20:08
Speaker 11: to us they hadn't actually been in the stadium, let
20:10
Speaker 11: alone tested the theory and had an analysis about the safety.
20:14
Speaker 11: There's been a petition for their return. The community has
20:17
Speaker 11: been desperate for them to come back, saying that the
20:19
Speaker 11: vibe of the stadium won't be the same, etc. Well, yesterday,
20:22
Speaker 11: just as we were coming off here here locally, we
20:25
Speaker 11: got word that the horses were actually at the new stadium.
20:28
Speaker 11: You should have seen it. It was like rats up drain pipes,
20:30
Speaker 11: reporters running everywhere heading down there to have a look,
20:33
Speaker 11: and sure enough the Crusaders were doing the lap. The
20:35
Speaker 11: iconic Conquest song was playing at the same time. There
20:39
Speaker 11: were TV cameras spotted there, which is very interesting. And
20:42
Speaker 11: this was all while the weekly media session was helpening
20:45
Speaker 11: elsewhere with the players. Now we've hassled the Crusaders, as
20:48
Speaker 11: spokesperson's confirmed, yes they were doing a physical test at
20:51
Speaker 11: the new venue. But there's still lots to work through.
20:54
Speaker 11: But we do know, of course that TVNZ cameras were there.
20:57
Speaker 11: There is suggestion there's going to be a very big
20:59
Speaker 11: imminent re veal. There's only three remaining home matches for
21:02
Speaker 11: the Crusaders, so we're very much watching this space.
21:05
Speaker 2: Nice So we're now finished talking about it opening. We're
21:07
Speaker 2: just going on about the horses that we the.
21:10
Speaker 12: Clear will never stop.
21:12
Speaker 11: High cloud, a bit of scattered rain about today. Otherwise
21:15
Speaker 11: northeasterliesan twenty one.
21:16
Speaker 2: Nice I'm thank you Mex and went into morning mechs,
21:18
Speaker 2: good morning. Andrew Little getting some help from business.
21:21
Speaker 5: Yeah, the council here certainly does not have a reputation
21:24
Speaker 5: as being a pro business so well. Initially, to try
21:27
Speaker 5: to counter that narrative, former Mayor Tori Fano would set
21:30
Speaker 5: up a business advisory group. If you recall, it didn't work.
21:33
Speaker 5: People quit. It seemed like it was mostly made up
21:36
Speaker 5: of a Noah's Ark of people who were either her
21:38
Speaker 5: mates or had a large Instagram following, and few actual
21:41
Speaker 5: business leaders. This time, Andrew Little setting up three separate
21:44
Speaker 5: expert business advisory groups, one for property, infrastructure, housing, a
21:50
Speaker 5: one for tech, science, education innovation, a one for arts
21:54
Speaker 5: hospitality in a city seeking expressions of interest to help
21:57
Speaker 5: develop a growth action plan. I can tell you the
22:01
Speaker 5: first thing whoever ends up on one of these things
22:03
Speaker 5: is going to say is lower commercial rates please. There
22:06
Speaker 5: are ours are among the highest in the country, three
22:08
Speaker 5: times that of residential I think the response is going
22:11
Speaker 5: to be, well, we can't do that, but what would you.
22:13
Speaker 8: Like us to do?
22:14
Speaker 2: Max? How's your weather cloudy? With Drezil gusty nor the
22:17
Speaker 2: Le's eighteen. Thank you very much. Neva in Auckland, Morning, Neva,
22:20
Speaker 2: good morning. Well quite a shocking revelation from the former
22:23
Speaker 2: boss of the CRL.
22:24
Speaker 12: Yes, you're quite right. Now he's admitted that the CRRAL
22:28
Speaker 12: infrastructure project could have been built for half the price now.
22:32
Speaker 12: It was initially costed at three point four billion, then
22:35
Speaker 12: skyrocketed to an estimated five point five billion due to
22:38
Speaker 12: the COVID nineteen pandemic, the scope changes and inflation now
22:43
Speaker 12: back from two years in Ireland. This is Sean Sweeney
22:45
Speaker 12: and he's told the Herald he would do things differently
22:48
Speaker 12: with the CRL if he hit his time again. What
22:51
Speaker 12: he's basically saying is that look New Zealand isn't very
22:53
Speaker 12: good at specifying scope is we don't have many of
22:57
Speaker 12: these projects and so we're over specified and it's making
23:00
Speaker 12: them too expensive. So there's a big, big story there
23:03
Speaker 12: in the Herald.
23:04
Speaker 2: And you can check it out. How's our weather.
23:06
Speaker 12: Partly clouding, isolated showers, still warm. Twenty one is the
23:08
Speaker 12: high here in Auckland.
23:09
Speaker 2: Nice one never think very much. It is nineteen minutes away.
23:12
Speaker 3: From six Ryan Bridge.
23:13
Speaker 2: There are almost they look like chandeliers in the train
23:17
Speaker 2: and the subway stations that we will be walking through
23:19
Speaker 2: come September when this thing opens, And you think, what
23:22
Speaker 2: on earth do we need those for? In London, I've
23:25
Speaker 2: just got bricks, you know. Why do we need shandlier
23:28
Speaker 2: type art installations on the roof? And how much does
23:31
Speaker 2: that cost to install? No wonder the costs blew out
23:34
Speaker 2: and not just for that reason. I actually asked Wayne
23:36
Speaker 2: Brown about this the other week. He said, ye, people
23:39
Speaker 2: are going down there to catch a train, not get married.
23:41
Speaker 2: You know, it doesn't need to look flash, does it.
23:43
Speaker 2: And he's right, Hey, couple of numbers for you. Well, actually,
23:47
Speaker 2: one quick text this is we had loads of feedback
23:50
Speaker 2: on the government and not performing well in terms of
23:54
Speaker 2: wage v inflation. However, doesn't mean that labors are going
23:58
Speaker 2: to get re elected. We'll get elect did. In fact,
24:00
Speaker 2: the opposite. This person says, how on earth can any
24:04
Speaker 2: government get their economy under control with the geopolitical situation
24:07
Speaker 2: as it is at the moment. I would suggest none. Yeah,
24:10
Speaker 2: I agree with you, and I think the difference because
24:12
Speaker 2: this election is going to be there'll be a lot
24:15
Speaker 2: of oh it's a geopolitical international situation let's blame that.
24:19
Speaker 2: Labour will then come in and say, well, we have
24:21
Speaker 2: the same with COVID. There's a big difference. So COVID,
24:25
Speaker 2: sure the virus, you can't control. What you could control
24:29
Speaker 2: were your responses to it? Did you need that many lockdowns?
24:33
Speaker 2: Did you need to do the mandates? Did you need
24:35
Speaker 2: to do all the restrictions? That's the difference. The geopolitical
24:40
Speaker 2: stuff you can't control. What they could control is what
24:43
Speaker 2: people didn't like about them seventeen to six. There's no
24:47
Speaker 2: denying it. Businesses are under pressure at the moment, and
24:50
Speaker 2: keeping up in the current market takes innovation, real innovation.
24:54
Speaker 2: That's why businesses are getting ahead of the crowd and
24:56
Speaker 2: looking harder at technology that can genuinely improve how they
24:59
Speaker 2: are because resilience doesn't just happen overnight, you build it.
25:03
Speaker 2: And that's the conversation Spark is having with its customers
25:07
Speaker 2: right now. Whether it's smarter connectivity, cloud solutions with scale
25:10
Speaker 2: and they scale with you, or unlocking the power of
25:13
Speaker 2: AI to drive better decisions and productivity, Spark is helping
25:17
Speaker 2: businesses stay ahead of the curve. That's where you want
25:19
Speaker 2: to be. They're not just selling tech, they're offering real
25:23
Speaker 2: solutions and real support. It's about making your systems work
25:26
Speaker 2: together so your people can focus on the day to
25:29
Speaker 2: day stuff, all that stuff that really matters. So if
25:31
Speaker 2: you're ready to take the pressure off and move forward
25:34
Speaker 2: with confidence, talk to Spark for Business. They'll help get
25:36
Speaker 2: you sorted.
25:38
Speaker 1: International correspondence with ends and eye insurance, peace of mind
25:42
Speaker 1: for New Zealand business.
25:45
Speaker 2: Trump says, if they don't agree, the bombing starts again.
25:47
Speaker 2: But the markets like the sound of talk of a
25:49
Speaker 2: piece deal. Let's go to Mitch McCann's stateside for US. Mitch,
25:52
Speaker 2: what do you reckon? Are we getting close here?
25:54
Speaker 13: Well, it's hard to know, Ryan, but the investors are
25:57
Speaker 13: really happy to DOWT is almost back at fifty thousand,
25:59
Speaker 13: that number Donald Trump often talks about. But it's up
26:02
Speaker 13: to the Iranians whether or not they agree to this
26:05
Speaker 13: proposal from the US. It reportedly contains a couple of
26:08
Speaker 13: interesting provisions here. The deal would involved irun committing to
26:12
Speaker 13: a moratorium on nuclear enrichment. How long for, we don't know.
26:17
Speaker 13: It's also reported the deal would include the US agreeing
26:19
Speaker 13: to lift sanctions and release billions of dollars of frozen
26:23
Speaker 13: Iranian funds, and both sides would also lift restrictions around
26:27
Speaker 13: the Strait of Horn moves. Now it could take up
26:29
Speaker 13: for forty eight hours for the Iranians to decide what
26:31
Speaker 13: they're going to do here. But as you mentioned, Donald
26:34
Speaker 13: Trump said, quote, if they don't agree, the bombing starts,
26:36
Speaker 13: and it will be sadly, at much higher levels and
26:39
Speaker 13: intensity than it was before.
26:41
Speaker 2: That's the threat from the US president. Hey, the state
26:44
Speaker 2: primary elections were interesting, particularly Indiania, Indiana, and Trump not
26:48
Speaker 2: doing too bad. Yeah, not at all.
26:50
Speaker 13: So several primary elections were held in US states overnight
26:53
Speaker 13: where Republicans and Democrats pick their candidates for say governor
26:57
Speaker 13: in the state of Ohio and state Senate seats and Indiana. Now,
27:00
Speaker 13: these aren't normally exciting races at all Rome, but they
27:03
Speaker 13: showed the power Donald Trump still has over the Republican
27:07
Speaker 13: Party because in December, seven Republicans in Indiana refused to
27:11
Speaker 13: back Donald Trump's plans to redraw redraw district lines to
27:15
Speaker 13: favor the Republican Party. Now, Donald Trump endorsed challenges against
27:20
Speaker 13: all seven some sort of retribution, and at least five
27:23
Speaker 13: of those Trump back candidates won last night. So really
27:26
Speaker 13: It shows the power he still has with him the GOP.
27:30
Speaker 2: Mitch McCann our US corresponding Good TV on the show
27:32
Speaker 2: This Morning. Mitch is always twelve minutes away.
27:34
Speaker 3: From six Ryan Bridge.
27:36
Speaker 2: So unemployment came in five point three percent for quarter one.
27:38
Speaker 2: That was down from five point four percent quarter four
27:41
Speaker 2: to twenty twenty five, still to feel the full impact
27:43
Speaker 2: of the war, of course that it did include a
27:45
Speaker 2: month of it. Youth unemployment is the one you want
27:47
Speaker 2: to watch. That's up fourteen point four percent from thirteen
27:50
Speaker 2: point three. Wage growth also out of five year low
27:54
Speaker 2: two percent. Nick Tuffley Asbchief Economist, Nick, good morning, Good morning.
27:58
Speaker 2: Worst is yet to come on.
28:01
Speaker 14: Well, we do think we'll see a bit of a
28:03
Speaker 14: hiccup in hiring through the middle parts of this year.
28:06
Speaker 14: But we've got a view that employment will be sort
28:09
Speaker 14: of fairly flat rather than something catastrophic. Well, we'll obviously
28:12
Speaker 14: have to wait and see, but the next quarter or two.
28:16
Speaker 14: So where we are now and over the next few months,
28:18
Speaker 14: is it are more the danger zone because that's where
28:20
Speaker 14: we're in that time where people are ADUs in their
28:23
Speaker 14: spending habits and being more cautious, and businesses are sort
28:26
Speaker 14: of deferring or reconsidering decisions or just hunting down to
28:30
Speaker 14: wait and see for a little bit.
28:31
Speaker 2: The young people who are not in work, not training,
28:33
Speaker 2: all that good stuff, the number going up. Is this
28:37
Speaker 2: normally what happens when there is problems with employment and
28:40
Speaker 2: it's the young ones who have the most trouble or
28:42
Speaker 2: is there something more going on here?
28:44
Speaker 14: Well, unfortunately, it's the pattern that we often see because
28:50
Speaker 14: your younger people are people who have less experience if
28:54
Speaker 14: they're coming out of say school or university into a
28:57
Speaker 14: market where hiring is pretty cool. So that's the sort
29:01
Speaker 14: of environment we've been in for several years. Unfortunately, it's
29:05
Speaker 14: tough getting that first job that gets you on that
29:08
Speaker 14: employment ladder. So unfortunately, this is a pattern that we
29:11
Speaker 14: do tend to see.
29:12
Speaker 2: How long before we see wages start topace inflation again, Well.
29:18
Speaker 14: At this point, we expect wages are going to be
29:20
Speaker 14: sort of pretty pretty muted really, so we don't really
29:24
Speaker 14: see wage growth sort of gathering a lot of steam
29:28
Speaker 14: and being too much of an inflation problem. So we
29:31
Speaker 14: expect that wages are going to remain that the growth
29:33
Speaker 14: of them go remains sort of fairly standing, sort of
29:35
Speaker 14: roughly where it is. So, Look, we're not in the
29:38
Speaker 14: environment we were in a few years ago where because
29:41
Speaker 14: you had super low unemployment, employees scrambling to find people
29:45
Speaker 14: and paying huge wage increases even though there wasn't any
29:48
Speaker 14: productivity there. That caused quite a bit of inflation. This
29:51
Speaker 14: time around, we're not so likely to have that problem,
29:54
Speaker 14: even though inflation is pretty high, but means that we're
29:58
Speaker 14: not getting that compensation. So we're speaking their pay packets
30:02
Speaker 14: for these sort of added fuel costs and some of
30:04
Speaker 14: the other costs increases.
30:06
Speaker 2: The giving with one takes with the other, doesn't it. Nick,
30:09
Speaker 2: appreciate your time, Nick Tuffley, aspechief Economists. You're on News
30:12
Speaker 2: Talk SeeDB Ryan Bridge. So over in the States, they've
30:15
Speaker 2: had their own little jobs update this week. In fact,
30:18
Speaker 2: they've had one overnight numbers from the human resources firm
30:20
Speaker 2: ADP because their job park it has been doing well,
30:25
Speaker 2: especially when you consider what's going on here. However, they've
30:28
Speaker 2: actually been shedding jobs in the US for five out
30:30
Speaker 2: of the last twelve months, not a great sign. However,
30:33
Speaker 2: these new numbers give them some hopes. So private sector
30:36
Speaker 2: jobs added one hundred and nine thousand for April. That's
30:39
Speaker 2: the best in fifteen months. Now, Tuesday you had some
30:42
Speaker 2: labor department numbers. Hiring was picking up considerably higher in
30:46
Speaker 2: March Friday, the real tests for the Americans. The Labor
30:50
Speaker 2: Department April jobs report is due eight to six. News
30:54
Speaker 2: Talk SEB might next.
30:57
Speaker 1: Ryan Bridge on early edition with for Business Technology that
31:02
Speaker 1: Keeps Business Moving News Talks B.
31:04
Speaker 2: Sixty six News Talks said B. Despite what Mitch told
31:06
Speaker 2: us from New York just earlier, the average price of
31:09
Speaker 2: a gallon of gas over in the US is four
31:12
Speaker 2: dollars fifty four right now. That is up from three
31:16
Speaker 2: dollars when the war started. So that is going to
31:17
Speaker 2: be one of the biggest problems that Trump will have
31:20
Speaker 2: another number for you this morning. You know, the European
31:22
Speaker 2: Union of the Brits hated They hated it for a
31:24
Speaker 2: lot of reasons, but one of the reasons was just
31:26
Speaker 2: the sheer amount of paperwork and bureaucracy that came with
31:30
Speaker 2: being part of it. There is a report out this
31:33
Speaker 2: morning estimates three hundred billion New Zealand dollars is what
31:37
Speaker 2: paperwork cumulatively, paperwork and bureaucracy and red tape is costing
31:42
Speaker 2: anyone who is in that block right now doing business.
31:45
Speaker 3: Brian Bridge took six.
31:47
Speaker 2: And Mike's in the studio. Morning Mike, Greetings, Ryan. Lovely
31:50
Speaker 2: to see you, even more lovely to see you. Have
31:54
Speaker 2: you look. I don't imagine you've seen this story, but
31:57
Speaker 2: it took my fancy. Have you ever been to one
32:00
Speaker 2: of those hotels where the Brits run like a stampede
32:04
Speaker 2: for the beach chairs, the deck chairs around the poll.
32:06
Speaker 15: That's that's not British, that's that's global.
32:09
Speaker 2: Everyone does it.
32:10
Speaker 15: Everyone does it. Have you never been to dinner ow
32:14
Speaker 15: go to dinner our Sometimes it's like it's oh, they
32:17
Speaker 15: do it literally all over the world. It's the most
32:20
Speaker 15: disgusting thing I've ever seen. And the German guy, I
32:23
Speaker 15: have seen the story, you have.
32:24
Speaker 2: Seen, he's got some compensation.
32:26
Speaker 15: More importantly, he's won.
32:27
Speaker 2: He won a thousand pounds off a seven thousand pound
32:31
Speaker 2: trip with his wife and two kids on a package holiday.
32:34
Speaker 15: There's something that's why, it's why. Look, this will make
32:36
Speaker 15: me sound it is feral, and it makes me sound
32:39
Speaker 15: like a snob, but we we swore off eg many
32:42
Speaker 15: years ago for that very thing. Because the whole thing,
32:45
Speaker 15: it's there's two things I can't stand and that's why
32:48
Speaker 15: I don't go on cruise. It's poor people, no people,
32:52
Speaker 15: people who hog lounges from six am in the morning.
32:56
Speaker 15: And also buffets because people's behavior own buffets is shocking.
33:00
Speaker 2: Also after COVID, have we learned nothing? I mean, you
33:02
Speaker 2: don't want to get around a buffet table with strangers.
33:05
Speaker 15: Have you seen is it easy yo or Yo mo
33:07
Speaker 15: or lovely yo or whatever it is? You go, you
33:10
Speaker 15: go by your It's like the days of pizza hut.
33:13
Speaker 15: We used to have the buffet and the ice cream thing.
33:15
Speaker 15: So there are yoga outlets. Now you go and you
33:18
Speaker 15: pay by weight, which is your first mistake. Fostered this
33:21
Speaker 15: the other day. He paid thirty dollars because he brought
33:23
Speaker 15: about two tons of yoga. Then next to the yogurt machine,
33:26
Speaker 15: you're just needing that, pulling this leg?
33:28
Speaker 2: Are you then eating it in one sitting? It's so
33:31
Speaker 2: thirty dollars worth of yogat How long was he there?
33:34
Speaker 15: About three and a half minutes? You know, he's like anyway,
33:36
Speaker 15: next to that, you've got the chocolate chips and the
33:39
Speaker 15: hundreds of thousands, and it's disgusting.
33:42
Speaker 2: Do you know one other thing that should not be
33:44
Speaker 2: done eating in mauls.
33:46
Speaker 15: Couldn't agree more. Do you know the Japanese you do
33:48
Speaker 15: not walk and eat. That's that's the thing you get. Yeah,
33:52
Speaker 15: and you do not walk and eat because it's just
33:54
Speaker 15: it's appalling. Also hard to do it with chop sticks. Hey,
33:57
Speaker 15: my wife went to the movies and we don't have
33:59
Speaker 15: time for this. Is twenty six.
34:00
Speaker 2: To fifty normal for a movie? Yes, in fact, that's cheap.
34:03
Speaker 2: I paid thirty six dollars the other day.
34:05
Speaker 3: See you tomorrow.
34:09
Speaker 1: For more from Early Edition with Ryan Bridge. Listen live
34:13
Speaker 1: to News Talks. It'd be from five am weekdays, or
34:16
Speaker 1: follow the podcast on iHeartRadio