Latest / Early Edition with Ryan Bridge / Full Show Podcast: 15 June 2026

Transcript

Full Show Podcast: 15 June 2026 · Early Edition with Ryan Bridge

0:00
Speaker 1: The issues, the interviews and the insight. Andrew dickots on
0:05
Speaker 1: early edition with Spark for business technology that keeps business moving.
0:09
Speaker 1: US talks they'd be well, goodbody to.
0:11
Speaker 2: You and welcome to the program coming up in the
0:13
Speaker 2: next hour. Nikola Willis claims Labour's policies have a hidden
0:17
Speaker 2: bill of eighteen billion dollars. Does the claim stack up?
0:20
Speaker 2: Cameron back, We will run the numbers. Israel bombs leave
0:23
Speaker 2: it on as the States and that I'm near agreetment.
0:25
Speaker 2: Are we on the verge of piece or not? We're
0:26
Speaker 2: going to talk to a former US ambassador and Gavin
0:29
Speaker 2: Gray from Europe as Britain catches a Russian ship. We'll
0:32
Speaker 2: have corresponds from right around New Zealand and news as
0:34
Speaker 2: it breaks, and you can have your say on the
0:36
Speaker 2: text ninety two ninety two. A small charge applies. It
0:40
Speaker 2: is six minutes after.
0:41
Speaker 1: Five the agenda.
0:45
Speaker 2: So it's Monday, the fifteenth of June, and we have
0:47
Speaker 2: been here before. We're waiting on a piece toal to
0:50
Speaker 2: be signed between the US and Iran today and the
0:53
Speaker 2: President saying to Israel, don't blow it after Tehran warned
0:57
Speaker 2: fresh strikes on Lebanon could risk jeopardized the deal.
1:00
Speaker 3: There's even been suggestions that primised Setnaw, who's quite deliberately
1:04
Speaker 3: doing this to compromise the peace deal, which, given the
1:06
Speaker 3: fact that they start the war in lockstep together, sounds strange.
1:09
Speaker 3: What is clear is President Trump desperate needs an off
1:12
Speaker 3: ramp at the moment. He needs to get the straight
1:14
Speaker 3: up for moves open, needs to get energy prices down,
1:16
Speaker 3: solves the inflation back in the US. The challenge, of course,
1:20
Speaker 3: is prims Netnaw, who sees this in a once an opportunity,
1:22
Speaker 3: wants a light on opportunity.
1:24
Speaker 2: Meanwhile, in New York, they're celebrating after the next won
1:26
Speaker 2: their first championship in decades. The title will sealed with
1:30
Speaker 2: a ninety four to ninety win in Texas. Is like
1:33
Speaker 2: the greatest day of my life. I don't know how
1:36
Speaker 2: to feel.
1:37
Speaker 4: I'm naming my first kid after jail and Runs in
1:39
Speaker 4: an og in a movie.
1:40
Speaker 2: The last time the next one, I was six months old,
1:44
Speaker 2: and so I can't begin to describe how excited I am.
1:48
Speaker 5: They've made every heart in New York beat hard and
1:52
Speaker 5: very happy.
1:53
Speaker 2: I waited so long for this, I've primed so many years.
1:56
Speaker 6: I've been a sees' takeet older.
1:57
Speaker 1: For so many years.
1:58
Speaker 2: Oh, very happy, but this celebrations turn chaotic. Gunfire eruptedly
2:02
Speaker 2: a Times square, a teenager was injured, and several school
2:06
Speaker 2: buses were set alight.
2:07
Speaker 4: The NYPD has moved the horses into this area and
2:12
Speaker 4: behind them are several dozen officers in with helmets with
2:19
Speaker 4: loudspeakers telling people to move back because just behind me
2:24
Speaker 4: here there is a very large group of people that
2:28
Speaker 4: set something on fire. We watched them.
2:31
Speaker 2: And in Switzerland, voters have rejected a proposal to live
2:34
Speaker 2: at the country's population to ten million and defin thing.
2:37
Speaker 2: They're on nine point one at the moment. The proposal
2:39
Speaker 2: came from the right wing Swiss People's Party, which has
2:41
Speaker 2: long campaigned on an anti immigration platform.
2:45
Speaker 7: Since two thousand, Switzerland's population has grown from just over
2:48
Speaker 7: seven point two million to just own nine point one million.
2:52
Speaker 7: This is some mere challenge in terms of integration, and
2:56
Speaker 7: the infrastructure has not kept pace with population growth, so
3:00
Speaker 7: there's pleasure on transport, the housing market under labour market.
3:04
Speaker 2: Now not all votes have encountered, but the current trend
3:07
Speaker 2: suggests fifty five percent of the country voted against forty
3:11
Speaker 2: five to.
3:11
Speaker 1: Four Heurrett first Andrew Dickens on early edition with spok
3:16
Speaker 1: for Business Technology that keeps Business Moving News Talk said, be.
3:20
Speaker 2: Coming up ten after five. El Nino is here, and
3:23
Speaker 2: can't you tell it's a very dry and sunny start
3:26
Speaker 2: to winter, which is why there's no snow on our
3:27
Speaker 2: mountains and all the ski resorts of delayed opening. That
3:31
Speaker 2: is expected to change for the second half of winter.
3:33
Speaker 2: It's going to be wet and windy then, but really
3:36
Speaker 2: dry in the east. Anyway, it was a good weekend
3:37
Speaker 2: for gardening, so I gardened and I took my garden
3:41
Speaker 2: bag to the transfer center. Now, when I first did
3:43
Speaker 2: this about six years ago, it cost me twenty five
3:45
Speaker 2: bucks for a garden bag, but then by bit it
3:48
Speaker 2: started going up. It went up to thirty five dollars
3:51
Speaker 2: last time I did it, and then yesterday they wanted
3:53
Speaker 2: forty two dollars because they'd added a fuel surcharge, even
3:59
Speaker 2: though the price of fuel stabilized. Forty two dollars for
4:02
Speaker 2: a bag that I collected that I drove to the
4:05
Speaker 2: Transverse center. It's ridiculously high. And the problem with that,
4:09
Speaker 2: it's so high that people are going to stop taking
4:11
Speaker 2: it in. And then they're going to stop dumping be warned. Right.
4:16
Speaker 2: Nationals finance spokesperson Nicol Willis has accused Labor of leaving
4:19
Speaker 2: an eighteen billion dollar gap between its policies and how
4:23
Speaker 2: it plans to fund them. She reckons the pay equity
4:25
Speaker 2: changes alone could cost eleven billion dollars over four years.
4:29
Speaker 2: Labor has dismissed this attack as a bit desperate. Anyway,
4:32
Speaker 2: this has become an election regular remember Stephen Joyce's fiscal hole,
4:36
Speaker 2: and there has been calls for some sort of oversight
4:38
Speaker 2: committee looking at the claims of all sides to see
4:42
Speaker 2: if they bear up something that big parties are supportive
4:45
Speaker 2: of but act in New Zealand first, don't want Next,
4:49
Speaker 2: we'll talk to Cameron Bagriy on the disputing claims about
4:52
Speaker 2: the money.
4:54
Speaker 1: Before the news breaks here at first Andrew Dickens on
4:57
Speaker 1: early edition with Spark for business technology that keeps business
5:01
Speaker 1: moving news talks they'd be.
5:04
Speaker 4: All right.
5:05
Speaker 2: Nichola Willis has called out Labor for having an eighteen
5:07
Speaker 2: point two billion dollar spending hole in their policy plan.
5:11
Speaker 2: Speech was yesterday.
5:12
Speaker 5: Labor claimed this week that its proposal to cap public
5:16
Speaker 5: transport fares at twenty dollars a week would save people
5:19
Speaker 5: an average of twelve hundred dollars a year for a
5:22
Speaker 5: total cost of sixty five million dollars a year. Well,
5:27
Speaker 5: as has been pointed out by some of your colleagues,
5:30
Speaker 5: that simply cannot be true. I am happy to give
5:33
Speaker 5: mister Uttakiri a calculator to work this out.
5:36
Speaker 2: So Nicola got her calculator out and she reckons it's
5:39
Speaker 2: going to be eleven billion dollars over four gears for
5:41
Speaker 2: pay equity, two point eight billion for a future fund,
5:44
Speaker 2: and two billion for free doctors visits. Or while it's
5:47
Speaker 2: capital gains, tax is expected to raise just two point
5:50
Speaker 2: eight billion dollars. So do the number stack up. We've
5:52
Speaker 2: joined now by economist Cameron Bagrey. How are Cameron logo war?
5:58
Speaker 2: Is Nicola on track? Is it right?
6:00
Speaker 3: There?
6:01
Speaker 2: There is some she doesn't want to say whole. There's
6:04
Speaker 2: some shortfalls, isn't there?
6:07
Speaker 8: Well, there's a fair bit yeah, from all sides of
6:09
Speaker 8: the political spectrum. There's what's called promise benonmics.
6:13
Speaker 2: So you're saying that National Plan nationals plan doesn't aird
6:16
Speaker 2: up either.
6:17
Speaker 8: Well, if you look at the budget projections are a
6:19
Speaker 8: little bit optimistic in regard to the returning to surplus
6:22
Speaker 8: by twenty twenty nine. What we know, we call it
6:26
Speaker 8: the impossible trinity. Every finance minister is coordinate, and the
6:30
Speaker 8: impossible trinity is you want to sort of bank three things.
6:33
Speaker 8: You want to show fiscal responsibility or you go from
6:36
Speaker 8: deficit for surpos the bend the debt curve. You want
6:39
Speaker 8: to be investing in critical infrastructure, and you want to
6:42
Speaker 8: maintain the quality of core government services. Well you can
6:45
Speaker 8: hit two out of three, and yeah, maintaining core government
6:49
Speaker 8: services is going to be a challenge for the current
6:51
Speaker 8: government because they're going to be carting expenses as a
6:54
Speaker 8: share of GDP. It's pretty tough to make the numbers
6:57
Speaker 8: stack up. And you've got a ten to twelve billion
7:00
Speaker 8: of a deficit projected. How do you turn that around?
7:02
Speaker 8: You're going to make some tough decisions. So, yeah, every
7:05
Speaker 8: political party getting into this election, there's what's what's called
7:08
Speaker 8: a fiscal straight jacket. There's no money in the kitty.
7:12
Speaker 2: Should Labor be releasing a fiscal plan or would that
7:14
Speaker 2: mean that they would then have to also release more policy?
7:18
Speaker 8: Well, well, I think we'd like to see every political
7:21
Speaker 8: party released both more policy, pass a fiscal plan because
7:27
Speaker 8: it's fine to issue out what's called promise being comics.
7:30
Speaker 8: It's election year, grab the popcorn. The entertainment season has started.
7:34
Speaker 8: But we're still going to make sure that numbers stack up.
7:36
Speaker 8: And that's the hard thing is that it's easy to
7:38
Speaker 8: get out there and you issue promise men onmics, but
7:41
Speaker 8: you're still going to make sure that you can pay
7:43
Speaker 8: the bills and you don't want to put it on
7:44
Speaker 8: the credit card.
7:45
Speaker 2: Because this is becoming such a regular there's been a
7:47
Speaker 2: call for some sort of independent verifier to stop this
7:50
Speaker 2: from happening from all sides. Do you agree with that?
7:54
Speaker 8: I wouldn't say, Well, it depends what sort of independent
7:57
Speaker 8: watch dog that you need. In I in favor of
7:59
Speaker 8: an independent watch dog to go through your party political costings.
8:03
Speaker 8: I think that's a step too far. Am I own
8:06
Speaker 8: favor of what's called an independent fiscal institution, which sort
8:09
Speaker 8: of sets aside New Zealand Treasury such as the Congressional
8:13
Speaker 8: Budget Office and the United States. And the answer is this,
8:16
Speaker 8: you know, I think we need to see a lot
8:18
Speaker 8: more sunlight, a lot more focus on the fiscal accounts,
8:22
Speaker 8: particularly issues such as population agent and where the things
8:25
Speaker 8: such as the zerone superannuation and exploding health to expendture
8:29
Speaker 8: is going to be sustainable now they will be sustainable
8:34
Speaker 8: on the caveat for someone who's going to have to pay.
8:36
Speaker 8: The problem at the moment is that we tend to
8:38
Speaker 8: write out the checks for getting at some stay, someone's
8:40
Speaker 8: going to have to pay, and I'd say that will
8:42
Speaker 8: be the under generation down the track.
8:43
Speaker 2: Kevin Bagrie, I thank you for your time today, and
8:46
Speaker 2: yes it happens. It's been happening regularly. And it is
8:49
Speaker 2: fair to say that we all know that we don't
8:51
Speaker 2: have any money, and any policies that come out that
8:53
Speaker 2: require the spending of money, you have to say, where
8:56
Speaker 2: are you magicking up this money from? And it doesn't
8:58
Speaker 2: matter whether it's labor or National they reckon. Fifty six
9:01
Speaker 2: billion dollars is the short form for National's Roads of
9:04
Speaker 2: National significance. So you know, we all know it. We're
9:08
Speaker 2: shorter money. We all know it. We probably can't pay
9:10
Speaker 2: for the promises at all. Parties are promising right now.
9:13
Speaker 2: And I found it very interesting that Act in New
9:15
Speaker 2: Zealand first would not like an independent verifier as well.
9:18
Speaker 2: It is eighteen minutes after five, it's news Talks CMB.
9:21
Speaker 2: We're off to look at the petrol price in a
9:24
Speaker 2: few moments time with Vicky Price, who is our business
9:28
Speaker 2: correspondent this morning. Of course, there is the possibility of
9:31
Speaker 2: a piece deal right now. We are very close. It
9:33
Speaker 2: feels like we're closer than we have been. However, we've
9:38
Speaker 2: got some argibargi happening between Lebanon and Israel. So Vicky
9:41
Speaker 2: Price is next here on news Talks MB. It is
9:44
Speaker 2: eighteen minutes after five.
9:46
Speaker 1: The news you need this morning and the in depth
9:49
Speaker 1: analysis early edition with Andrew Dickens and Spark for business
9:53
Speaker 1: Technology that keeps Business moving. News Talk ZB is five twenty.
9:58
Speaker 2: Vicky Price is the TV. I'm advisor at the UK
10:01
Speaker 2: Center for Economics and Business Research and a former UK
10:03
Speaker 2: government advisor and joins us. Now, good morning to you, Vicky,
10:07
Speaker 2: Good morning. Apparently we're on the verge of peace. So
10:09
Speaker 2: what's happening with the oil prices?
10:12
Speaker 9: Well, I mean this is the interesting thing. It depends,
10:15
Speaker 9: of course, whether indeed this memorandum of understanding will be
10:18
Speaker 9: signed the way that everyone is hoping would be the case.
10:21
Speaker 9: So oil prices have reacted semi positively because, of course,
10:26
Speaker 9: if we have sixty another sixty days of ceasefire and
10:31
Speaker 9: then there is some agreement that comes assuming of course,
10:34
Speaker 9: then you know, people are beginning to think that maybe
10:36
Speaker 9: there will be a lot more oil passing and coming
10:39
Speaker 9: into for use by all sorts of nations across the world,
10:44
Speaker 9: much faster than it had been anticipated. In fact, interestingly,
10:47
Speaker 9: we have seen just recently a lot more flow taking place.
10:51
Speaker 9: So otherwise, of course we're back in the position, or
10:53
Speaker 9: would be back in the position of having a serious
10:56
Speaker 9: concern about whether supply would run out, and people were
11:00
Speaker 9: thinking that July would be the crunch point. But if
11:02
Speaker 9: that crunch point is avoided then that would be good news.
11:05
Speaker 9: But it doesn't mean that central banks are not still
11:08
Speaker 9: worried about the longer term impact of what's happened so far,
11:11
Speaker 9: because obviously supply constraints have already fed through the system
11:15
Speaker 9: and we're seeing inflation picking up all across the world.
11:19
Speaker 2: Now in the UK we have a forthcoming Bank of
11:22
Speaker 2: England interest rate decision this week and also a lot
11:25
Speaker 2: of debate about how you're going to pay for defense.
11:27
Speaker 2: So what's the conversation.
11:29
Speaker 9: Yes, I think the two things are worrying the markets
11:33
Speaker 9: quite considerably. I mean, first of all in terms of
11:34
Speaker 9: what happens with interest rates. Indeed, oil prices will be
11:38
Speaker 9: quite significant in terms of what they think the scenario
11:40
Speaker 9: might be ahead. I mean, remember that the National Monterey Fund,
11:44
Speaker 9: the OECD, the Bank of England, the European side the
11:47
Speaker 9: Bank are all now producing scenarios just to be on
11:50
Speaker 9: the safe side of what may happen to oil prices
11:52
Speaker 9: and therefore what may happen to interest rates because of
11:55
Speaker 9: different inflation projections, and if we look at the main projections,
12:01
Speaker 9: we still are expecting inflation.
12:03
Speaker 7: To be higher.
12:04
Speaker 9: But given that there is a supply shock and not
12:06
Speaker 9: a demand shock, the expectation is that certainly the Bank
12:09
Speaker 9: of England will choose to leave interest rates unchanged. They
12:12
Speaker 9: are already rather high, considerably higher than they are in
12:16
Speaker 9: the European In Europe, the European centtle Bank has just
12:19
Speaker 9: raised these rates a little bit, but just to show
12:21
Speaker 9: that it's actually serious about inflation rather than anything else.
12:25
Speaker 9: So the Bank of England is expected not to do
12:27
Speaker 9: move this month. But you mentioned defense, A lot of
12:32
Speaker 9: the concerns in the markets, apart from interest rates, are
12:34
Speaker 9: also to do with what happens on the physical front
12:38
Speaker 9: in the UK in particular, but elsewhere too. But in
12:41
Speaker 9: the UK where one is made a big deal about
12:44
Speaker 9: keeping to fiscal rules, which these labor government has announced.
12:48
Speaker 9: The defense budget is one that if one went ahead
12:51
Speaker 9: to spend a for a lot more and meet what
12:54
Speaker 9: we said we would do, which is raise the percentage
12:57
Speaker 9: of money that is spent on defense as GDP, then
13:01
Speaker 9: that would mean a lot more spending. Where is that
13:04
Speaker 9: spending going to come from? And that's what's going on
13:06
Speaker 9: right now.
13:06
Speaker 2: In question marks. Okay, and finally, the European Central Bank
13:09
Speaker 2: has raised rates a bit, So what does that mean
13:11
Speaker 2: for European growth?
13:14
Speaker 9: Yes, the good thing is that it's raises rates from
13:17
Speaker 9: just two percent to two andred quarter percent and that
13:21
Speaker 9: isn't a killer. So they are able to react because
13:25
Speaker 9: they are from a low base and therefore the impact
13:28
Speaker 9: of the economy isn't going to be that great. They
13:30
Speaker 9: are very anxious about Europe doing well. They have just
13:34
Speaker 9: reduced their own forecasts for growth, as the European's local
13:37
Speaker 9: bank has just produced lower forecasts. So it's going to
13:40
Speaker 9: be very very careful. So it's possible that that is
13:43
Speaker 9: it even if inflation goes up again that that they're
13:46
Speaker 9: going to show that they're serious about inflation, but no,
13:48
Speaker 9: full well that the economy matters a lot.
13:51
Speaker 2: Vicky Price, I think you for your time today. Vicky
13:52
Speaker 2: Price had a Europe It is now five twenty four.
13:55
Speaker 2: John right to Andrew make You said you were going
13:57
Speaker 2: to get Kevin Beagrey on to tell us if Nichola
13:59
Speaker 2: Willis was right wrong about Labour's economic gap, and that
14:02
Speaker 2: is exactly what I said at the first But then
14:05
Speaker 2: John On goes on to say you let them go
14:08
Speaker 2: without a clear answer. It was just general realities about
14:11
Speaker 2: how all parties stretch things and I'm a bit disappointed
14:14
Speaker 2: at that, to be honest. I know by Aston and
14:16
Speaker 2: he said, well that they're all doing it to be fair.
14:20
Speaker 2: So is it an eighteen billion dollar hole?
14:22
Speaker 8: Well?
14:23
Speaker 2: Possibly? Is it a sixteen billion dollar possibly? Is it eleven?
14:28
Speaker 2: Is it five? Whatever, it's still a hole. What Cameron
14:31
Speaker 2: said is we don't have money for high spending policies,
14:35
Speaker 2: and just remember that when you hear all the policies
14:37
Speaker 2: that come out over the next five months. Five twenty
14:40
Speaker 2: five The Early.
14:41
Speaker 1: Edition Full Show podcast on iHeartRadio powered by News.
14:45
Speaker 7: Talks av.
14:47
Speaker 2: He News Talks it the time. Now five twenty six.
14:50
Speaker 2: On Saturday, I went to my local Rugby Cubs game.
14:53
Speaker 2: It was North Shaw versus Northcote, the Pride versus the Coat,
14:56
Speaker 2: and it was a game that Shaw comfortably won. We're
14:58
Speaker 2: on fire at the moment. And there I met the
14:59
Speaker 2: present of the club, a feller by the name of
15:01
Speaker 2: Lourie McGrain, who, as it happens, as a fan of
15:04
Speaker 2: this station, and as it also happens, is the chair
15:07
Speaker 2: of New Zealand's second largest dairy company, Open Country, And
15:10
Speaker 2: he told me he'd been down at field Days all week.
15:12
Speaker 2: We chatted about rural stuff from Rugby, and of course
15:14
Speaker 2: I was a nosey, razy radio guy, wasn't I. So
15:17
Speaker 2: I googled Laurie when I got home and discovered, yes,
15:19
Speaker 2: he had been making a bit of a noise at
15:21
Speaker 2: the Field Days. He'd been talking about the review of
15:23
Speaker 2: the Act that regulates our milk industry. The Act gives
15:27
Speaker 2: the responsibility of calculating the farm gate milk price to Fonterra,
15:31
Speaker 2: because when it was set up, it was the biggest
15:33
Speaker 2: player by far, it was virtually a monopoly. Now these days,
15:38
Speaker 2: Fonterra controls just seventy eight percent to of all the
15:41
Speaker 2: national milk and so he and others would like other
15:44
Speaker 2: milk companies to have more say in setting the farm
15:47
Speaker 2: gate price. And he argued at Field Days that the
15:50
Speaker 2: market isn't truly competitive and without clear open pricing rules,
15:54
Speaker 2: smaller processes can't compete on an equal footing with the
15:57
Speaker 2: monster that is fon Terra. And I have to say
16:00
Speaker 2: I agree. You know, it's a funny thing about business philosophy.
16:04
Speaker 2: More competition does create better scenarios, but at the same time,
16:08
Speaker 2: monopolies they can be bloated, yet in certain cases create efficiencies.
16:13
Speaker 2: Fonterra was a monopoly. It created an efficiency. But now
16:17
Speaker 2: with the rise of the independent milk companies, maybe it's
16:20
Speaker 2: time to open it up to more competition. Maybe it's
16:23
Speaker 2: time to let them have more say to sharpen up Fonterra.
16:26
Speaker 2: But the big thing is to give more choice to farmers.
16:30
Speaker 1: News Talk said be Mike's back.
16:33
Speaker 2: Mike's back from his two week jaunt through Europe and
16:37
Speaker 2: also New York where apparently he took a train, which
16:40
Speaker 2: was a subject of some conversation in the news room
16:42
Speaker 2: this morning, having a chat about all things. But he's
16:45
Speaker 2: come back to the news that Lewis Hamilton has claimed
16:48
Speaker 2: his first victory in a Ferrari commanding when in Barcelona
16:53
Speaker 2: he was twenty seconds clear. He ended a forty race drought.
16:57
Speaker 2: It was an all British podium. George Russell second, Land
17:01
Speaker 2: Norris third, the championship leader, Little Kimmy Anton Nelly, the
17:05
Speaker 2: phenomenon has had just overtaken Russell for p two, but
17:09
Speaker 2: then his car failed and it forced him to retire.
17:13
Speaker 2: So well done for Lewis Hamilton. It's a long time
17:16
Speaker 2: between drinks. You'll hear about that on the Breakfast Show.
17:18
Speaker 2: By the way, Liam Lawson finished ninth in the Grand Prix,
17:22
Speaker 2: late retirements lifting him from eleventh, so he scored points,
17:26
Speaker 2: but he's now tenth overall. Guess what, Only fourteen cars
17:30
Speaker 2: finished the race out of twenty two. It was stinking
17:32
Speaker 2: hot and the cars were blowing up all over the
17:34
Speaker 2: place and Liam came tenth. Got some more sports news
17:37
Speaker 2: with Elliott in a few moments time. I'm going to
17:39
Speaker 2: go right around the country with all our correspondents, and
17:43
Speaker 2: we've got a former US ambassador in the Middle East
17:45
Speaker 2: to talk about this possibility of peace that's coming up.
17:48
Speaker 6: Just before six Andrew Dickens on early edition with Spark
17:56
Speaker 6: for business technology that keeps business moving.
18:07
Speaker 2: H good oneing to thank you so much for using
18:09
Speaker 2: the program. I hope you're going to have a great
18:10
Speaker 2: week today. Yes, Germany Curracau. Hey, how about that's still
18:14
Speaker 2: won all after thirty four minutes right now, that's unexpected.
18:17
Speaker 2: We've got some other matches today Netherlands Japan at eight am.
18:20
Speaker 2: That's going to be a cracker. Later, we've got Ivory
18:22
Speaker 2: Coast versus Ecuador that's at eleven, and we've got Sweden
18:25
Speaker 2: against Tunisia at two o'clock in the afternoon. The World
18:29
Speaker 2: Cup on TV and Z if you've got the event pass, Hey,
18:32
Speaker 2: I speak of TV and ZED. I was watching Q
18:34
Speaker 2: and A yesterday and Labour's transport spokesperson Tonguy Kelly was
18:38
Speaker 2: on with Jack Tame on that public transport fair cap thing,
18:42
Speaker 2: and Jack's first question to Tongy was exactly the same
18:45
Speaker 2: as my first question last week when I was on
18:47
Speaker 2: the Drive Show, and then Heather's question the next morning
18:50
Speaker 2: when she was on the Breakfast Show, and in fact
18:52
Speaker 2: everyone's question, and that question is how on earth do
18:55
Speaker 2: you calculate that sixty five million dollars is enough to
18:57
Speaker 2: subsidize one million passengers public transport. And you know what
19:02
Speaker 2: I'm watching yesterday And despite being asked us all week
19:05
Speaker 2: long on Sunday, he still had no cogent answer. Now,
19:10
Speaker 2: this idea might be a good idea, who knows. But honestly,
19:13
Speaker 2: tonguey Utekerri's performance all week long has been appalling. It's
19:17
Speaker 2: twenty two to six news talk said be run the country.
19:22
Speaker 2: We go and out of duneed and callen practic. Good
19:24
Speaker 2: morning to you morning, Andrew. You've got some good news
19:26
Speaker 2: out of the council.
19:28
Speaker 10: Yeah, look the council, he has wasted no time finding
19:30
Speaker 10: a new chief executive. They've appointed an experienced local government leader,
19:34
Speaker 10: Richard Briggs, as the new DCC boss here and this
19:39
Speaker 10: appointment comes just four weeks after the council announced that
19:42
Speaker 10: Sandy Graham was stepping down from the role. Richard Briggs
19:46
Speaker 10: comes with plenty of experience. He spent seven years leading
19:48
Speaker 10: the Hamilton City Councils. He also led the Hawks Bay
19:51
Speaker 10: Regional Economic Development Agency, and he says the difference public
19:55
Speaker 10: sector organizations can make to communities as profound and so
19:59
Speaker 10: he's ready to get stuck in here in Janneden. Our
20:02
Speaker 10: Mayor Sophie Bark is delighted with the appointment for such
20:05
Speaker 10: a critical role and he will begin here in October.
20:08
Speaker 2: And how's your weather?
20:10
Speaker 10: Rainy day today eases to showers southwesters and twelve the high.
20:15
Speaker 2: Good some rain in the South Island. We need some snow.
20:18
Speaker 2: Jamie Cunningham out of christ Church. Good morning to you, Jamie.
20:21
Speaker 11: Morning.
20:21
Speaker 2: Andrew so telling me about the homelessness in christ Church
20:25
Speaker 2: these days?
20:26
Speaker 11: Yeah, Well, the Garden City may be emerging as the
20:29
Speaker 11: country's economic star child, but homelessness is on the rise.
20:33
Speaker 11: The City Mission estimates around three hundred people are living
20:36
Speaker 11: on the streets and there's been fifty new faces in
20:39
Speaker 11: the CBD in the last month alone. The City Council
20:43
Speaker 11: admits homelessness remains a significant issue, particularly in the CBD
20:47
Speaker 11: in eastern Avon River Red Zone. City Missioner Colin Haynes
20:51
Speaker 11: says more people are putting their hand up for support
20:53
Speaker 11: every day. She says homelessness normally decreases when winter arrives
20:58
Speaker 11: as people find makeshift shelter, but that's not been the
21:01
Speaker 11: case this year. And Councilor Nathaniel Herz Jardine's blaming Central
21:05
Speaker 11: government and Social Services isn't working and council needs to
21:09
Speaker 11: accelerate the amount of social and affordable housing in the city.
21:13
Speaker 2: How's the weather for Canterbury?
21:15
Speaker 11: Rain also here developing late morning, easing to showers in
21:18
Speaker 11: the evening though norther Le's turning southwesterly in a high
21:21
Speaker 11: of twelve.
21:22
Speaker 2: Adam Wellington, good morning to Adam Cooper. Morning Andrew. You've
21:25
Speaker 2: got a very angry counselor who's been barred from a vote.
21:28
Speaker 12: Yeah, this is a big one on the Golden Mile
21:30
Speaker 12: and Carl Tieffan Baker has long opposed the upgrades to
21:34
Speaker 12: the Central City and the transport plans there. Now he
21:38
Speaker 12: has been barred from this week's vote on the future
21:40
Speaker 12: of the project. The Office of the Auditor General has
21:44
Speaker 12: determined that Carl Tiffan Baker has a conflict of interest
21:46
Speaker 12: due to him owning multiple hospitality venues in the area. Now,
21:50
Speaker 12: Teffan Barker's told our newsroom the decision is obscene because
21:53
Speaker 12: as a business owner he's compels to make decisions for
21:56
Speaker 12: the goods of the area. Teffan Barker also ran for
21:59
Speaker 12: mayor at the last election, and all through his campaigns
22:01
Speaker 12: he was very open about being a business owner and
22:04
Speaker 12: wanting to bring a business voice to the council. He
22:07
Speaker 12: says though he'll accept it as he doesn't think his
22:09
Speaker 12: vote is likely to impact the outcome. Now, the cost
22:12
Speaker 12: of that city revitalization project has ballooned enormally enormously, with
22:16
Speaker 12: a review last week finding further budget blowout so likely.
22:19
Speaker 2: Yeah, I think they've got it up to two hundred
22:21
Speaker 2: and twenty one million dollars now. And I heard the
22:23
Speaker 2: Deputy Mayor on with Heather last week and he basically
22:26
Speaker 2: was saying that the idea is toast how's your weather.
22:29
Speaker 12: Yeah, cloudy with some showers then evening rain later on
22:32
Speaker 12: a hive sixteen today to.
22:33
Speaker 2: Walk them we go neither that. Tomn A good morning too,
22:35
Speaker 2: good morning. So they're building a new domestic airport terminal
22:38
Speaker 2: at Auckland Airport, but the international terminals is you're also
22:41
Speaker 2: getting a bit of a juja.
22:42
Speaker 13: It is getting a juja and this is in the
22:45
Speaker 13: dining areas and they're also making other improvements. So what
22:48
Speaker 13: we know is that Auckland International Airport Terminal redeveloping more
22:53
Speaker 13: than twenty six hundred square meters. This is the flooring
22:57
Speaker 13: in its airside dining precinct, and it expects to deliver
23:01
Speaker 13: about fifteen percent more seating this refreshed area. This is
23:05
Speaker 13: on level one and it's going to house about ten
23:07
Speaker 13: new or refurbished dining options. This will happen by the
23:11
Speaker 13: end or be all finished by the end of the year.
23:14
Speaker 13: The airport's also shifting from disposable packaging and single use
23:17
Speaker 13: items and its eateries to reusable cutlery and crockery, so
23:22
Speaker 13: this will also continue its target of reducing that waste
23:25
Speaker 13: to landfill by about twenty percent by twenty thirty. Is
23:28
Speaker 13: awko a weather cloudy periods morning isolated showers, seventeen the
23:31
Speaker 13: high here in Auckland, and I.
23:32
Speaker 2: Thank you very much. Now, over the weekend, of course,
23:34
Speaker 2: we heard that Elon must have became the world's very
23:36
Speaker 2: first trillionaire. We heard that about a trillion times over
23:39
Speaker 2: the weekend. But now I'm exaggerating because a trillion is
23:42
Speaker 2: an awful lot of money, and one trillion is a
23:44
Speaker 2: thousand times bigger than one billion, a million times more
23:48
Speaker 2: than one million. So how much money is one trillion?
23:51
Speaker 2: People have been doing it, first of all, Elon alone
23:54
Speaker 2: is worth about the same as the founders of Google, Amazon, Oracle,
23:58
Speaker 2: and Meta combined. With one point three trillion. There are
24:01
Speaker 2: only twenty one countries on this planet that have a
24:03
Speaker 2: GDP of over one trillion, and then there's Elon. If
24:07
Speaker 2: you're in America and your household brings in eighty four
24:10
Speaker 2: thousand dollars a year, which is the US median income
24:13
Speaker 2: in twenty twenty four, it would take you twelve million
24:17
Speaker 2: years to make a trillion dollars. And with one trillion dollars,
24:22
Speaker 2: you could give everyone in the world one hundred and
24:23
Speaker 2: twenty two bucks, or you could buy every bit of
24:25
Speaker 2: property in Houston, and you could buy every car maker
24:29
Speaker 2: in Europe, Japan, and the United States excluding Tessa, and
24:33
Speaker 2: still have one hundred billion dollars left over. But remember
24:36
Speaker 2: it's all on paper. It is seventeen to six. We're
24:40
Speaker 2: off to Europe in a few moments time, Gavin Gray.
24:42
Speaker 2: We'll talk a little bit about the Switzerland vote. They've
24:44
Speaker 2: said no to capping the population, and we'll also talk
24:48
Speaker 2: about the UK and they're running with a Russian ship.
24:52
Speaker 2: It is seventeen to six. Right. For many businesses, banking
24:55
Speaker 2: decisions are rarely just about rates and fees. There are
24:58
Speaker 2: also about judgment and trust than whether your bank actually
25:01
Speaker 2: understands how your business operates, and a lot of New
25:03
Speaker 2: Zealand businesses say values play a big role in how
25:06
Speaker 2: they make decisions day to day, which is why relationships
25:09
Speaker 2: still matter, particularly when things aren't straightforward, and that's where
25:13
Speaker 2: Kiwibank has been doing things differently. Its business bank puts
25:18
Speaker 2: a very strong emphasis on staying close to clients, rallying
25:21
Speaker 2: a team to put a strong deal together, and making
25:23
Speaker 2: decisions with the long term of mind, and that relationship
25:26
Speaker 2: lead approach has enabled Kibank to compete for and when
25:29
Speaker 2: more complex business relationships, where depth of understanding and long
25:33
Speaker 2: term value matter as much as the deal itself. For
25:36
Speaker 2: businesses thinking differently about their role their bank plays, Kiibank's
25:40
Speaker 2: relationship first model is another example of how it's quietly
25:43
Speaker 2: challenging the status quo. SO to learn more, visit the
25:47
Speaker 2: Kiwibank Business Banking website and see how they could help
25:51
Speaker 2: your business.
25:52
Speaker 1: International correspondence with ends and eye Insurance Peace of mind
25:56
Speaker 1: for New Zealand business.
25:59
Speaker 2: So'd were joined now out of Europe by Kevin Gray,
26:02
Speaker 2: Hello Gavin Hi, there, So your forces have captured a
26:08
Speaker 2: Russian shadow fleet oil tanker.
26:11
Speaker 14: Yes, the first operation of its kind by Ukar forces. Now,
26:14
Speaker 14: Russia's been operating this so called shadow fleet of tankers
26:18
Speaker 14: in order to basically get around international sanctions imposed on
26:22
Speaker 14: those oil exports, all because, of course, as the rest
26:25
Speaker 14: of most of the rest of the world tries to
26:28
Speaker 14: cut down on its revenue from oil so that it
26:31
Speaker 14: can't support the war in Ukraine. Now, this shadow fleet
26:35
Speaker 14: is said to be carrying up to three quarters of
26:37
Speaker 14: russia sanctioned oil. The shadow fleet it comprised of more
26:41
Speaker 14: than seven hundred vessels. So what do we know about
26:44
Speaker 14: what happened? Well, raw marines joined by the National Crime
26:47
Speaker 14: Agency and supported by the RAF intercepted and then bordered
26:51
Speaker 14: the vessel in a six hour operation. The vessel is
26:55
Speaker 14: called the smirt Offs and it's now being held off
26:57
Speaker 14: Weymouth on the south coast of England with twenty five
27:00
Speaker 14: crew on board.
27:01
Speaker 8: Now.
27:01
Speaker 14: According to the website, Smirtos sails under a Cameroon flag
27:07
Speaker 14: and it began its journey at the start of June
27:10
Speaker 14: from Russia's port and oil terminal near Saint Petersburg before
27:14
Speaker 14: crossing into the Channel. The vessel was sanctioned in July
27:18
Speaker 14: of last year, but changed its name from Myrtos to
27:21
Speaker 14: Smirtos as well as the flag that it sails under.
27:24
Speaker 14: The Ministry of Defense said the operation was in international
27:27
Speaker 14: waters and more than twelve nautical miles from the UK coast,
27:30
Speaker 14: but it was full compliance with both domestic and international law.
27:34
Speaker 14: No response yet from Russia.
27:36
Speaker 2: Congratulations, Now we had the vote in Switzerland. They voted
27:39
Speaker 2: against kepting the population at ten million.
27:43
Speaker 14: Andrew, I don't know if you can hear me. You've
27:45
Speaker 14: gone mute suddenly.
27:47
Speaker 2: And so, I said. Switzerland voted in a referendum overnight.
27:51
Speaker 2: The proposal was to kept their population at ten million,
27:54
Speaker 2: but they got voted down.
27:56
Speaker 14: Yes, that's right, suddenly got rejected. But the vote was
28:01
Speaker 14: only fifty five percent against forty five percent four so
28:05
Speaker 14: quite a narrow vote of margin. Opinion polls actually had
28:08
Speaker 14: it even closer than that. So at the moment, Switzerland's
28:12
Speaker 14: is roughly nine point one million people, twenty seven of
28:16
Speaker 14: whom twenty seven percent of whom are Swiss residents, and
28:19
Speaker 14: they were born abroad, So twenty seven percent of Switzerland
28:23
Speaker 14: is currently full of people who were born abroad. Switzerland's
28:27
Speaker 14: popularity has grown rapidly in the last twenty years. It
28:29
Speaker 14: did stand at seven point three million, as I said,
28:32
Speaker 14: now over nine million, and one of the right wing parties,
28:35
Speaker 14: the Swiss People's Party, said, look, in order to maintain
28:39
Speaker 14: the cost of and the living that we have here
28:43
Speaker 14: in Switzerland, we need to keep this population number down.
28:48
Speaker 14: Others were saying, well, hang on, what about all the
28:50
Speaker 14: migrant workers that we're using. Others were saying, well, we're
28:53
Speaker 14: going to get in trouble with the EU because it
28:55
Speaker 14: won't allow free mood and people in the end. But
28:57
Speaker 14: in the end, after this referendum vote today, yeah, fifty
29:00
Speaker 14: five percent voted against limiting it to ten million.
29:03
Speaker 2: David, I, thank you so much for your time. Gavin
29:05
Speaker 2: Gray out of the UK and the time now is
29:07
Speaker 2: ten to six news talk SIBB So to Iran and
29:12
Speaker 2: the United States and Israel. Are we close to a
29:14
Speaker 2: peace deal or not? The President of America says a
29:17
Speaker 2: US Iran agreement could be signed today, and mediators have
29:21
Speaker 2: also said a deal is within reach. But Tehran's warning
29:24
Speaker 2: that there are fresh Israeli strikes on Lebanon and that
29:27
Speaker 2: could derail the whole thing. Trump says, the attack on
29:30
Speaker 2: Bay Routes shouldn't have happened. He said, don't blow it.
29:34
Speaker 2: Piece is so close. So we're joined now by Simon Marx,
29:37
Speaker 2: and Simon is the president and chief correspondent of Feature
29:40
Speaker 2: Story News. Morning to you, Simon, Hello Simon.
29:44
Speaker 15: Good morning to you, Andrew.
29:45
Speaker 2: So, I think this is the fortieth time that the
29:47
Speaker 2: President of the United States has promised a bit of peace.
29:49
Speaker 2: How close are we this time?
29:52
Speaker 15: Well, I mean, there's no question that we're closer than
29:54
Speaker 15: ever before. I mean, we know that an enormous amount
29:57
Speaker 15: of work has.
29:58
Speaker 8: Been done by Pakistani and.
30:00
Speaker 15: Cuttery mediators crafting a document that the United States and
30:05
Speaker 15: Iran have been edging towards signing, But there is no
30:10
Speaker 15: indication that the signing is going to take place now
30:12
Speaker 15: in the next few hours.
30:13
Speaker 8: There is absolute fury at the White.
30:16
Speaker 15: House over the decision by Israeli Prime Minister Benjamin Netanyah,
30:21
Speaker 15: who to strike militarily at Beirute over the course of
30:25
Speaker 15: the last few hours.
30:26
Speaker 8: It is the last thing that the.
30:29
Speaker 15: President of the United States and his top security officials
30:32
Speaker 15: wanted to see. The Iranians have immediately responded saying there
30:36
Speaker 15: is no point in continuing talks with the United States,
30:39
Speaker 15: because they evidently do not have control over Prime Minister
30:45
Speaker 15: Netanyahu and over the military decisions that.
30:47
Speaker 8: He is making.
30:49
Speaker 15: And there was doubt already about whether this signing, and
30:54
Speaker 15: it looked like it was going to be some kind
30:55
Speaker 15: of electronic signing of this memorandum of understanding was going
30:59
Speaker 15: to take place today. Now I suspect that the Iranians
31:03
Speaker 15: are going to kick the can further down the road.
31:05
Speaker 2: What's ntnia who playing it? Is piece the last thing
31:08
Speaker 2: he wants?
31:10
Speaker 15: Yeah, I mean absolutely, I mean there is a complete
31:13
Speaker 15: divergence between what President Donald Trump wants and what Israeli
31:17
Speaker 15: Prime Minister Benjamin Nettanna, who wants. The American president wants
31:21
Speaker 15: an off ramp. He wants to be able to say
31:24
Speaker 15: to the country, even if it's not true that I've
31:28
Speaker 15: signed an agreement that is better than the twenty fifteen JCPOA,
31:34
Speaker 15: the old Iran nuclear deal from which he pulled the
31:37
Speaker 15: United States, and he wants that urgently, not least because
31:42
Speaker 15: his fellow Republicans who are seeking election in the midterm
31:46
Speaker 15: elections or re election in many cases, are terrified about
31:51
Speaker 15: the fact that this war continues and continues to take
31:55
Speaker 15: a real economic toll on the pocketbooks of voters. Israeli
32:00
Speaker 15: Prime Minister doesn't want this thing to end. He was
32:03
Speaker 15: in it to top all the Iranian regime. He doesn't
32:06
Speaker 15: buy President Trump's argument that regime change has occurred in Iran.
32:11
Speaker 15: Certainly not the kind of regime that Benjamin Ettana who.
32:15
Speaker 8: Wanted to see.
32:16
Speaker 15: And at every turn over the last few weeks, the
32:19
Speaker 15: Israeli leader has tried to pull the rugout from beneath
32:23
Speaker 15: the American president. And that's what we saw again over
32:27
Speaker 15: the last few.
32:28
Speaker 2: Hours because have so max out of Washington, the presidents
32:30
Speaker 2: and chief correspondent of Ficture Story News. It is seven
32:33
Speaker 2: minutes to six and MICA's next.
32:35
Speaker 1: Big News and Views you trust to start your day.
32:39
Speaker 1: It's early edition with Andrew Dickens and Spark for Business
32:43
Speaker 1: Technology that keeps business moving, News talks.
32:46
Speaker 2: It be trillion. There's a big number. Someone sticks it in.
32:49
Speaker 2: Apparently if you convert dollars to seconds, one million seconds
32:52
Speaker 2: has twelve days, one billion seconds is thirty two years.
32:55
Speaker 2: So do the math is obviously one trillion seconds thirty
32:58
Speaker 2: thousand years. Now look it's back and you must have
33:01
Speaker 2: the constitution of an ox, mister Husking, because you were
33:04
Speaker 2: back in the weekend now.
33:05
Speaker 16: Already up here bak yesterday it was it's funny you
33:08
Speaker 16: should say that I've decided and we discussed this that
33:10
Speaker 16: length over the holiday. Haven't gone around the world several times?
33:13
Speaker 2: Is that?
33:15
Speaker 16: The great advantage I think of getting up at two
33:17
Speaker 16: thirty in the morning is you're permanently jet lagged anyway,
33:20
Speaker 16: and so yeah, and so while everyone else up as
33:23
Speaker 16: I just sort of carry on.
33:24
Speaker 2: Also, also you learn to sleep. And I saw complaints
33:27
Speaker 2: about your tour that you would just go out and
33:30
Speaker 2: somebody you were traveling with would not.
33:31
Speaker 16: Asleep very successfully on a plane on the way home.
33:35
Speaker 16: The other conclusion I came to is we flew from
33:38
Speaker 16: here to London, London, return London to New York, New
33:41
Speaker 16: to London. Wasn't a flight that wasn't really severely bumpy.
33:44
Speaker 16: I think the world the world's changed. I think the
33:46
Speaker 16: days of smooth flying are over. I think this permanent
33:49
Speaker 16: disruption there but chock a block, you know this this business.
33:54
Speaker 16: I was sting at Chinging Airport yesterday sometime and you know,
33:56
Speaker 16: there's like two in the morning and this thands of
34:00
Speaker 16: people there, and they're all going somewhere and they're all
34:03
Speaker 16: getting on with their lives. Every plane is full, so
34:05
Speaker 16: the world is moving anyway. I probably bore you witness
34:07
Speaker 16: with some of those stories. This morning Prime Minister Barbara
34:10
Speaker 16: Edmonds is on with the business of the where's the
34:12
Speaker 16: money coming from? So here we go again, only in June.
34:15
Speaker 16: It must be election year, so that and other matters.
34:18
Speaker 2: Thank you. Thank you to producing Kenzie. I'm Andrew Dickin.
34:20
Speaker 2: See you tomorrow.
34:30
Speaker 1: For more from Early Edition with Ryan Bridge. Listen live
34:33
Speaker 1: to News Talks it be from five am weekdays, or
34:36
Speaker 1: follow the podcast on iHeartRadio.