Latest / Early Edition with Ryan Bridge / Full Show Podcast: 11 July 2024

Transcript

Full Show Podcast: 11 July 2024 · Early Edition with Ryan Bridge

0:01
Speaker 1: The issues, the interviews, and the inside. Ryan Bridge you
0:08
Speaker 1: for twenty twenty four on the Early edition with Smith City,
0:12
Speaker 1: New Zealand's Furniture Vans and a play a store us Dogs.
0:15
Speaker 2: It'd be good morning, early writers, good morning movers and shakers.
0:19
Speaker 2: It's great to have you listening this morning. A lot
0:21
Speaker 2: has happened overnight, mainly in the States. Will keep you
0:23
Speaker 2: up to date with what's going on. There's a saying
0:25
Speaker 2: in politics that basically it's show business for ugly people,
0:30
Speaker 2: and you look at someone like Biden, or you look
0:32
Speaker 2: at someone like Nancy Pelosi and you'd probably say, yep,
0:35
Speaker 2: they are pretty ugly. However, real Hollywood is weighing into
0:40
Speaker 2: Washington's politics this morning. George Clooney, who's actually hot, isn't
0:45
Speaker 2: he the actor? You'd all agree with that. He has
0:48
Speaker 2: written an op ed for the New York Times, and
0:50
Speaker 2: he's very influential in the Democratic Party. He is calling
0:54
Speaker 2: for Joe Biden to stand down his campaign for reelection
0:58
Speaker 2: to be president. This morning, Nancy Pelosi has dropped a bombshell,
1:03
Speaker 2: and at five to twenty six this morning, I'll tell
1:05
Speaker 2: you more about that. Katherine Ferkin is with us from
1:08
Speaker 2: the United States to break it all down at five
1:10
Speaker 2: point forty four. Also, this three page climate action plan
1:14
Speaker 2: that the National Party has released. You would have seen
1:17
Speaker 2: it in the news yesterday. I would have thought three
1:18
Speaker 2: pages is better for the environment, less printing, right? Apparently not.
1:23
Speaker 2: We're gonna speak to someone about that. Russell Norman's got
1:25
Speaker 2: his neck is all twisted and we ask you the question,
1:28
Speaker 2: what is better gas or coal? It's just gone seven
1:33
Speaker 2: after five.
1:35
Speaker 1: The agenda.
1:37
Speaker 2: Thursday, the eleventh of July, the Prime Minister is in Washington, DC,
1:40
Speaker 2: meeting with lawmakers ahead of the NATO summit, which is underway.
1:44
Speaker 2: The big story in the US, of course, is still
1:46
Speaker 2: Joe Biden and his debate performance, which Luxen was asked about. Again,
1:51
Speaker 2: I'm not talking about US tomestic politics.
1:53
Speaker 3: I'm here as Prime Minister of New Zealand's My job
1:55
Speaker 3: is to work with whoever the leader is.
1:57
Speaker 2: Yes, smart moves, stay out of it. The Prime Minister
1:59
Speaker 2: sets a whole by lateral talks with world leaders. Today
2:01
Speaker 2: they include Justin Trudeau of Canada. Who can you believe
2:04
Speaker 2: this has been in power now for nine years? Trudeau
2:08
Speaker 2: and they just lost. They just had a bioection in Toronto,
2:11
Speaker 2: they lost quite a safe seat, so people are saying
2:13
Speaker 2: he looks shaky, but there is a poll out saying
2:16
Speaker 2: most people think he will stand again for re election
2:20
Speaker 2: by twenty twenty five. Incredible. Machron on the other hand,
2:23
Speaker 2: of course in a bit of peril, but so he'll
2:25
Speaker 2: had meetings with Trudeau and Matron today. Meanwhile, back here
2:28
Speaker 2: in New Zealand, Northland's Chamber of Commerce is heading out
2:31
Speaker 2: at power grid operator trans Power, saying it's damaging its
2:35
Speaker 2: reputation by not providing compensation to businesses impacted by last
2:39
Speaker 2: month's power outage. Much of Northland lost power when workers
2:42
Speaker 2: cleaning a transmission tower removed too many nuts, causing the
2:46
Speaker 2: tower to collapse. Northern Chamber of Commerce CEO Darren Fishers's
2:49
Speaker 2: conversation wouldn't have to be heaps some.
2:52
Speaker 4: Sort of good will gesture that at least they recognized
2:55
Speaker 4: the pain that was caused and tried to make it right.
2:57
Speaker 4: I think from a brand point of view, in a
2:59
Speaker 4: moral that's the least that Transfer could have done.
3:03
Speaker 2: In New Zealand has been ranked the best place in
3:06
Speaker 2: New Zealand to work, apparently according to a Ranstad employer's survey.
3:10
Speaker 2: Also in the top five with a Department of Conservation,
3:13
Speaker 2: Customs and consulting firms PwC and WSP. It's the second
3:18
Speaker 2: year in a row that in New Zealand has taken
3:19
Speaker 2: out the top spot. Don't they give you free flights
3:21
Speaker 2: if you work for in New Zealand? There you go
3:23
Speaker 2: easy conservation. You get to roam free around New Zealand Customs.
3:30
Speaker 2: I don't know. Free drugs they take those homes all right?
3:34
Speaker 2: This morning, this is a weird story from China. A
3:37
Speaker 2: man has been caught crossing from Hong Kong to the
3:40
Speaker 2: mainland with more than one hundred live snakes stuffed into
3:44
Speaker 2: his pants. According to local authorities, the snakes were in
3:48
Speaker 2: six bags in the man's pockets. Authorities haven't said if
3:50
Speaker 2: he has been arrested yet. It follows a man in
3:53
Speaker 2: June being arrested trying to smuggle four hundred and fifty
3:56
Speaker 2: endangered turtles from Macau to China. It has just gone
3:59
Speaker 2: ten minut's after five.
4:01
Speaker 1: News and Views You Trust to start your day's early
4:05
Speaker 1: edition with Ryan Bridge and Smith City, New Zealand's Furniture
4:09
Speaker 1: Beds and a Flying Store.
4:10
Speaker 2: News Talk said, be one hundred snakes in your pants.
4:13
Speaker 2: Some of us only need one. Right. I'm George Clooney.
4:17
Speaker 2: I mentioned him earlier in the program. I'm going to
4:19
Speaker 2: read you a little bit of what he has written
4:21
Speaker 2: for The New York Times. He says, I'm a lifelong Democrat.
4:24
Speaker 2: I make no apologies for that. I'm proud of what
4:28
Speaker 2: my party represents and what it stands for. As part
4:31
Speaker 2: of my participation in the democratic process and in support
4:34
Speaker 2: of my chosen candidate, I have led some of the
4:37
Speaker 2: biggest fundraisers in my party's history. All Right, we get it.
4:40
Speaker 2: You're rich and you've got rich mates. He goes on
4:44
Speaker 2: to say that he loves Joe Biden. He loves loved
4:46
Speaker 2: him as a senator, loved him as a vice president,
4:48
Speaker 2: loved him as a president. But the one battle, says
4:51
Speaker 2: George Clooney, that he cannot win, is the fight against time.
4:55
Speaker 2: None of us can. It's devastating to say it, but
4:58
Speaker 2: the Joe Biden I was worth three weeks ago at
5:00
Speaker 2: a fundraiser was not the Joe big effing deal Biden
5:04
Speaker 2: of twenty ten. He wasn't even the Joe Biden of
5:07
Speaker 2: twenty twenty. He was the same man that we all
5:11
Speaker 2: witnessed on that debate stage, so that I mean that's cutting.
5:14
Speaker 2: This is one of his mates, one of his biggest supporters,
5:18
Speaker 2: and it gets much much worse for Joe Biden because
5:21
Speaker 2: one of his biggest political supporters, and Nancy Pelosi, has
5:24
Speaker 2: also dropped a bombshell nothing quite as overt as this
5:29
Speaker 2: on Joe Biden overnight and NATO sized bombshell. I'll tell
5:32
Speaker 2: you about that at five twenty six. Very quickly though
5:34
Speaker 2: to NATO. There is good news for Ukraine that has
5:37
Speaker 2: come out of the summit already. Ukraine is to get
5:40
Speaker 2: more F sixteen fighter jets. The Danish and the Dutch
5:44
Speaker 2: governments are in the process of donating their American made
5:48
Speaker 2: the F sixteens are donating these to the Ukrainians and
5:52
Speaker 2: they will have them flying this summer, which is good.
5:55
Speaker 2: Zaninsky is happy. They were worried that this might escalate
5:59
Speaker 2: things if you go to war in the skies, you know,
6:01
Speaker 2: allowing Ukraine to defend the skies against missiles and drones,
6:05
Speaker 2: et cetera, that you might escalate things with Russia, which
6:07
Speaker 2: is a nuclear power. They've obviously decided to held with that.
6:10
Speaker 2: We are going to give them the F sixteenth and
6:12
Speaker 2: We're going to do it by summer. It has just
6:15
Speaker 2: gone twelve minutes after five coming up next. It's three
6:18
Speaker 2: pages long. So why has National's climate change plan been
6:24
Speaker 2: so controversial?
6:25
Speaker 1: The news you need this morning and the in depth
6:27
Speaker 1: analysis early edition with Ryan Bridge and Smith City, New
6:31
Speaker 1: Zealand's furniture beds and a playing store.
6:34
Speaker 2: News Talk said B fourteen after five, Love your feedback.
6:37
Speaker 2: Nine two ninety two is the number to text me
6:39
Speaker 2: this morning. There's been a vicious backlash from the government's
6:43
Speaker 2: climate change strategy release that was put out last night.
6:46
Speaker 2: Opposition Mpece have slammed it, arguing that Simon wants the
6:50
Speaker 2: minister has essentially published a pamphlet to disguise the fact
6:54
Speaker 2: that government has done little to reduce emissions. It sets
6:57
Speaker 2: out five key priorities to folks on when it comes
7:01
Speaker 2: to climate efforts on the government's behalf. Lisa McLaren is
7:05
Speaker 2: from the Climate Activist Group three point fifty alts Head
7:07
Speaker 2: Oranges with me this morning. Lisa, good morning, Thank you
7:10
Speaker 2: for being with me. Can I start with good morning,
7:12
Speaker 2: good morning? Five quick fire questions for you this morning?
7:15
Speaker 2: Do you generally agree with these sentiments of what the
7:21
Speaker 2: statements I'm about to make. We should have infrastructure that's
7:24
Speaker 2: resilient and communities well prepared for climate change. Do you
7:28
Speaker 2: think that's a good objective?
7:31
Speaker 5: Definitely, though you can do that many different ways.
7:33
Speaker 2: All right, What about do you think we should have
7:36
Speaker 2: pricing emissions and pricing them fairly and effectively to incentivize
7:40
Speaker 2: emission's reductions.
7:42
Speaker 5: Again, there's like a wide range of different sative carbon
7:45
Speaker 5: markets and pricing mechanisms out there.
7:48
Speaker 2: But generally, generally you agree with that.
7:52
Speaker 5: If it's done well.
7:53
Speaker 2: Okay. Do we need abundant and affordable clean energy?
7:58
Speaker 4: We do?
7:58
Speaker 2: Okay. Do we need to be old leading climate innovators?
8:03
Speaker 5: I think the ship might have sailed with that. We're
8:06
Speaker 5: already quite behind the rest of the world and a
8:09
Speaker 5: whole lot of stuff around climate innovation. So it's great
8:11
Speaker 5: to tame.
8:12
Speaker 2: Okay. So it's a good But in terms of high
8:15
Speaker 2: level aims, you're on board with that and nature based
8:19
Speaker 2: solutions to address climate change, I'm going to say yes
8:21
Speaker 2: for you, because I mean, and that's a given, isn't it.
8:24
Speaker 2: So what what what this means is you've just agreed
8:26
Speaker 2: with all five of the points the government's made. So
8:29
Speaker 2: what exactly are you upset about?
8:33
Speaker 5: So I think you can put a nice little plan
8:36
Speaker 5: down on a couple of pieces of paper and it
8:38
Speaker 5: can look fine if it's high level and there's a
8:40
Speaker 5: few nice sentences that actually, this plan, well if you
8:45
Speaker 5: can call it a plan, is fundamentally inconsistent with the
8:48
Speaker 5: government's other policies that have been releasing since they've got
8:52
Speaker 5: into office. The impact climate change, so expects tellers that
8:58
Speaker 5: to meet out Paris taggarts when it keeps it five
9:00
Speaker 5: percent of oil and gas reserve and ninety percent of
9:03
Speaker 5: all coal reserve there must be left in the ground.
9:06
Speaker 5: It's just that simple. And this government wants to do
9:10
Speaker 5: the opposite, or they've been talking about it seems in
9:13
Speaker 5: the media since they got into powers, oil and gas inspiration,
9:16
Speaker 5: maybe reversing that ban, looking at mining on conservation land,
9:21
Speaker 5: things that we thought were left in the past, that
9:24
Speaker 5: they're not consistent with climate action, okay, and that makes
9:28
Speaker 5: this new plan really meaningless.
9:30
Speaker 2: All right, So it's the other things that they're doing.
9:31
Speaker 2: Let's talk about that oil and gas ban. What do
9:34
Speaker 2: you think is happening Because the government is saying, you know,
9:38
Speaker 2: we don't want to go and get the oil and
9:40
Speaker 2: gas out. But if we don't, then we're going to
9:42
Speaker 2: be importing dirty Indonesian coal. So what do you think
9:45
Speaker 2: is better New Zealand gas or dirty Indonesian coal?
9:50
Speaker 5: Well, I don't think either. If we get a good
9:51
Speaker 5: infrastructure plan happening now, we need that investment in our
9:56
Speaker 5: renewable energy infrastructure now. And also the governments are sending
10:02
Speaker 5: these signals out to overseas. Companies are just going to
10:04
Speaker 5: come and instruct it, take the profits overseas, whereas actually,
10:08
Speaker 5: if we look at things like proper energy storage here,
10:11
Speaker 5: we can make the power cheap of the households improve
10:13
Speaker 5: their energy security as a company.
10:15
Speaker 2: I'm just going to read things like I'm just sorry
10:17
Speaker 2: to interrupt you, but I'm just going to quickly read you, Lisa.
10:20
Speaker 2: This is just a headline from Radio and New Zealand
10:22
Speaker 2: from the eight of May of this year, Genesis Energy
10:25
Speaker 2: to fire up coal imports citing increased demand and dwindling
10:29
Speaker 2: gas supply. So this is after the last government band
10:32
Speaker 2: oil and gas. You've now got sitting at Genesis Energy,
10:37
Speaker 2: sitting at the Huntley Power station, half a million tons
10:42
Speaker 2: of coal that they've imported, and they're about to pull
10:45
Speaker 2: trigger on importing another three hundred and fifty thousand tons.
10:49
Speaker 2: So you're saying that we've got enough to transition, but
10:52
Speaker 2: clearly we don't. I mean, otherwise we wouldn't be importing
10:54
Speaker 2: all this coal, right.
10:57
Speaker 5: I think if you look over seas, there's some great
10:58
Speaker 5: examples where some of this new renewable and clean energy
11:03
Speaker 5: infrastructure is helping with some of those like peaks and
11:06
Speaker 5: troughs of the energy market. So things like we saw
11:10
Speaker 5: recently Australia electric vehicles, we're helping keep for the power
11:15
Speaker 5: grids like rebalanced if that national grid losers supply really
11:20
Speaker 5: quickly so they can be used as a backup and
11:22
Speaker 5: emergency other technology out there. Why do we want to
11:26
Speaker 5: go back to the stuff that actually is climate harming.
11:29
Speaker 2: Yeah, but Lisa, do you see the problem that it's
11:31
Speaker 2: it's the lesser of two evils. It's not like it's
11:34
Speaker 2: not like the government is out there saying we want
11:36
Speaker 2: to be getting all this out and doing all these
11:38
Speaker 2: nasty things.
11:39
Speaker 5: I think they are though, Like if he's looking Reshturck
11:42
Speaker 5: and know if you look at Shane Jones's rhetoric in
11:45
Speaker 5: the news, these talking about drill, baby, drill, we're open
11:49
Speaker 5: for business. There's these climate hippies have got nothing on us.
11:53
Speaker 5: We can just do this. This is the right thing
11:54
Speaker 5: to do. Their unicorns like. That's not a government that's
11:58
Speaker 5: going out there and saying this is the like last
12:01
Speaker 5: case like solution we need. This is something they're actively promoting.
12:06
Speaker 2: Lisa, thank you very much for your time this morning.
12:07
Speaker 2: That's Lisa McLaren. She's the three point fifty Altied Dour spokesperson.
12:11
Speaker 2: It is twenty after five. We'd love to know what
12:12
Speaker 2: you think about this issue. Nine to niney two is
12:16
Speaker 2: the number to text. We'll be back in just a second.
12:18
Speaker 2: Are we're looking at Biden and Pelosi out of the states.
12:22
Speaker 1: The first word on the News of the Day early
12:25
Speaker 1: edition with Ryan Bridge and Smith City, New Zealand's Furniture
12:29
Speaker 1: Beds and Appliant Store News Talk Zippy.
12:32
Speaker 2: Twenty two after five, Mark says, and what lifetime do
12:35
Speaker 2: you think renewables will cover all our needs? And at
12:38
Speaker 2: what cost to our country? Right now? Core Logics called
12:41
Speaker 2: our Construction Price Index has recorded the first drop in
12:44
Speaker 2: construction costs in twelve years since the index started looking
12:48
Speaker 2: at prices. This should mean that we get cheaper houses
12:51
Speaker 2: when we're building right Joining me now is the new
12:53
Speaker 2: Zealand Certified Builders Chief executive Malcolm Fleming. Malcolm, what does
12:57
Speaker 2: it mean?
13:00
Speaker 6: The drop in building US means it's a great time
13:03
Speaker 6: time for home bok owners to consider a building project.
13:07
Speaker 6: Global supply chains are no longer disrupted, so costs are
13:11
Speaker 6: returning to where they were pre pandemic and falling demand
13:15
Speaker 6: for building materials has led to manufacturers and distributors becoming
13:19
Speaker 6: more competitive worth they're product pricing, so homeowners can now
13:22
Speaker 6: be more discerning about the builder engage to set their
13:26
Speaker 6: building project up for success. Home owners should be insisting
13:30
Speaker 6: on a trade qualified builder is aligning to the trade
13:32
Speaker 6: associating because they have choice.
13:34
Speaker 2: Now, what does it mean for trade? These wages? Are
13:37
Speaker 2: they going down or are they just not rising at
13:38
Speaker 2: the same rate?
13:42
Speaker 6: Wages generally have stabilized four point one percent was the
13:46
Speaker 6: last on that. In terms of statistics, there has been
13:51
Speaker 6: a slow down and the wage rises generally a constant sector.
13:55
Speaker 6: Material costs are coming down, as we've just been talking about,
13:59
Speaker 6: and part of an example of that is manufacturers and
14:02
Speaker 6: disputed distributors of building products are becoming more competitive. So
14:07
Speaker 6: in action, what we're seeing is merchants approaching our members
14:11
Speaker 6: about opening your accounts with them at attractive pricing, and
14:14
Speaker 6: that's something we never saw a cost two thousand and
14:17
Speaker 6: twenty twenty two.
14:19
Speaker 2: This is all good news. Does this mean that we're
14:21
Speaker 2: going to see cheaper first into the first homes or
14:25
Speaker 2: new homes cheaper?
14:28
Speaker 6: I think we're going to see some of those costs
14:30
Speaker 6: coming through. Another driver behind this as well as subcontractor
14:35
Speaker 6: margins are under pressure as demand is for so subcontractor
14:39
Speaker 6: margins are a lot higher and more elastic than a
14:41
Speaker 6: builder's margin, and downward movement in that space has an
14:44
Speaker 6: impact and that's what we're starting to see now. So
14:47
Speaker 6: again a really good time for homeowner to consider a
14:50
Speaker 6: building project.
14:50
Speaker 2: Malcolm, thanks for your time. Malcom firming with us this
14:52
Speaker 2: morning the New Zealand Certified Builders Chief Executive and we've
14:56
Speaker 2: got the latest on the Nancy Pelosi Joe Biden situation.
14:59
Speaker 1: Next, separating the Fact from the Fiction Kids Billing edition
15:04
Speaker 1: with Smith City, New Zealand's Furniture Beds and Appliant Store.
15:08
Speaker 2: News Talk ZBB. Right, it's just gone twenty seven after
15:11
Speaker 2: five here on News Talk ZBB. Nancy Pelosi's just dropped
15:14
Speaker 2: the equivalent of a NATO bomb on her old buddy,
15:17
Speaker 2: Joe Biden. The former House Speaker, is well connected, she
15:21
Speaker 2: is respected within the Democratic Party. She's always on cable television,
15:25
Speaker 2: and she had this to say when asked about Biden's
15:28
Speaker 2: critics attacking his mental capacity during the NATO summit.
15:32
Speaker 7: I want him to do whatever he decides to do.
15:35
Speaker 7: Let's just hold off whatever you're thinking. Either tell somebody privately,
15:40
Speaker 7: but you don't have to put that out on the
15:42
Speaker 7: table until we see how we go this week.
15:46
Speaker 2: So what is the problem with that? Well, remember Biden
15:49
Speaker 2: has already said this.
15:50
Speaker 4: I am running and gonna win again.
15:53
Speaker 2: So now you have the most influential, one of the
15:55
Speaker 2: most influential people in the Democratic Party saying he needs
15:59
Speaker 2: to make it decision about whether to run, and you
16:02
Speaker 2: have the candidate saying I've made the decision. I am running.
16:07
Speaker 2: It's very messy, it's huge, actually, and the White House
16:10
Speaker 2: is going to be and a tailspin over this and
16:13
Speaker 2: it doesn't stop there. Overnight, Michael Bennett became the first
16:17
Speaker 2: Democratic Senator to publicly say that Joe Biden can't win.
16:21
Speaker 3: In fact, Donald Trump is on track I think to
16:25
Speaker 3: win the selection and maybe win it by a landslide.
16:29
Speaker 2: In a political crisis, there are headlines like gunfire. Then
16:32
Speaker 2: there are bombs, which cause massive, often irreversible damage to
16:37
Speaker 2: a candidate. They can change the direction of a war,
16:40
Speaker 2: a turning point, if you will. And make no mistake
16:43
Speaker 2: when this happens in politics, it's always actually worse when
16:47
Speaker 2: it's friendly fire. Remember, just a couple of days to
16:51
Speaker 2: go at NATO and one solo press conference from the
16:54
Speaker 2: Commander in Chief on Thursday ending this seventy fifth anniversary
17:00
Speaker 2: NATO summit. The only question now is whether it could
17:03
Speaker 2: also become the platform for the eighty two year old
17:06
Speaker 2: president to also end his political career. Ryan Bridge just
17:14
Speaker 2: gone twenty nine minutes after five. We'd love your feedback
17:16
Speaker 2: on that nine two ninety two. I did say at
17:18
Speaker 2: the start of the week, didn't I that? I thought
17:20
Speaker 2: he's probably going to stick around because the alternatives and
17:23
Speaker 2: the chaos that you cause by pulling out of a
17:25
Speaker 2: race are too much. But I'm starting to change my mind.
17:30
Speaker 2: I mean, what is it Thursday. You're allowed to change
17:32
Speaker 2: your mind, don't you. We've got news coming up with
17:35
Speaker 2: never Etimanu and after that we are live to the
17:38
Speaker 2: United States for all the fallout with Catherine Ferkin our US.
17:41
Speaker 1: College get ahead of the headlines, Ryan Bridge, you for
17:46
Speaker 1: twenty twenty four on early edition with Smith City, New
17:50
Speaker 1: Zealand's furniture bids and a play a store.
17:52
Speaker 2: News Talk said, be good morning, New Zealand. It is
18:06
Speaker 2: twenty four away from six zero. News Talk's early edition
18:09
Speaker 2: was me, Ryan Bridge, good to have you with me
18:11
Speaker 2: this morning. We've just had a text come in from
18:14
Speaker 2: Tea who says, I'm not sure if it was a
18:16
Speaker 2: small earthquake or a big truck in Otago. Did I
18:20
Speaker 2: imagine something that happened ten minutes ago. I don't know.
18:22
Speaker 2: Maybe I can tell you what it might have been.
18:26
Speaker 2: There is a once in a lifetime explosion about to
18:29
Speaker 2: create a new star in the sky. Sounds fascinating, right,
18:33
Speaker 2: So you read the story on and you find out
18:35
Speaker 2: that any night now this new star or nova will
18:39
Speaker 2: appear in the night sky and we will see it
18:41
Speaker 2: from New Zealand, which is awesome. It's called tcore Boar
18:45
Speaker 2: and it's a constellation of the Northern Crown, which is
18:48
Speaker 2: prominent in the northern hemisphere but also visible in the
18:51
Speaker 2: northern sky from Australia and New Zealand over the next
18:55
Speaker 2: few months. So this is three thousand light years away,
18:58
Speaker 2: which is too faint to be said, and once every
19:01
Speaker 2: eighty years. See, this is where it gets interesting. It's
19:03
Speaker 2: not actually a new star that you're going to see.
19:06
Speaker 2: It will be visible for about three days. It's not
19:08
Speaker 2: a new star. It's an old star that sort of
19:11
Speaker 2: blows up every eighty years, and it will become fifteen
19:15
Speaker 2: hundred times brighter than usual, which is why you'll be
19:18
Speaker 2: able to see it, and you should be able to
19:19
Speaker 2: see it with the naked eye, which is pretty cool.
19:21
Speaker 2: So the star itself is well past its prime and
19:24
Speaker 2: it's now what they call a a stellar remnant, known
19:30
Speaker 2: as a white dwarf, which I thought should be a
19:33
Speaker 2: little person in today's context, but whatever, here we are.
19:37
Speaker 2: So what happens is the white dwarf and this is
19:39
Speaker 2: me explaining science, so you know, go figure. The white
19:43
Speaker 2: dwarf sits next to a red giant, which is a
19:45
Speaker 2: different type of star. The dwarf sucks up the red
19:48
Speaker 2: Giant's gas. The pressure gets so high that a thermonuclear
19:53
Speaker 2: reaction happens and boom, the skylights up and you can
19:57
Speaker 2: see it for about three days, which is very very interesting.
20:00
Speaker 2: Lots of feedback coming in speaking of reactions and how
20:03
Speaker 2: you might create energy, lots of feedback coming in on
20:07
Speaker 2: zero carbon and how we might create a more sustainable
20:12
Speaker 2: energy future in New Zealand. We'll get some of that
20:14
Speaker 2: feedback shortly. Right now though, it is twenty two away.
20:17
Speaker 1: From Sex Rayan Bridge.
20:19
Speaker 2: And we're going to Dunedin with Culum Proctor Culum Larnark Castle.
20:23
Speaker 2: Some restoration work going to happen here morning Ryan.
20:26
Speaker 8: This is a crucial work to ensure the historic building's future.
20:30
Speaker 2: Contractors there are on site.
20:31
Speaker 8: The castle covered in scaffolding and it's all about making
20:36
Speaker 8: it more water tight. They're removing the compromised tower floor
20:40
Speaker 8: and slate bedroom roof tiles and it concerned that they
20:43
Speaker 8: just may uncover more damage than expected. Here at the
20:46
Speaker 8: Jadifacate day Manor Crichton says this work is key. She's
20:49
Speaker 8: seen a lot of historic builds demolished by neglect after
20:53
Speaker 8: failures to keep up with maintenance like this.
20:56
Speaker 2: How's the weather today, Collum? But you good day of
21:00
Speaker 2: the castle?
21:00
Speaker 9: Fine?
21:00
Speaker 8: Mostly find cloudy periods like wins the high eleven today brilliant.
21:03
Speaker 2: Thank you Emily ansel is in christ Church this morning
21:06
Speaker 2: with the big day for Sinlay.
21:09
Speaker 10: Yes, definitely d day for Sinlay. The struggling South Island
21:12
Speaker 10: dairy manufacturer decides this afternoon whether to accept a crucial
21:16
Speaker 10: one hundred and thirty million dollar loan. Shareholders will vote
21:20
Speaker 10: on the lifeline offer from a major Chinese shareholder, just
21:24
Speaker 10: four days before its debt deadline. If it fails, our
21:27
Speaker 10: third largest dairy processor will likely collapse. Federated Farmers Dairy
21:31
Speaker 10: chair Richard McIntyre says that would leave many without a
21:35
Speaker 10: processor in carving season. He says there's potential for another
21:39
Speaker 10: company to jump in and take the supply, but Sinlay
21:43
Speaker 10: Milk's closure would bring major ripple effects and stress to farmers.
21:47
Speaker 2: All right, what's the weather going to be like for
21:48
Speaker 2: this meeting?
21:49
Speaker 10: Cloudy periods, patchy drizzle late evening, early morning, frost, light
21:53
Speaker 10: winds with a high of twelve degrees.
21:55
Speaker 2: Emily, Thank you, Max toler Is and Wellington for us
21:57
Speaker 2: this morning. More questions about how the utter te fery
22:00
Speaker 2: ran a ground or is it more? Answers Max, Well,
22:03
Speaker 2: that's the point.
22:04
Speaker 11: Really, you had the year, so you had the official
22:06
Speaker 11: New Zealand First Twitter account posting a couple of days
22:09
Speaker 11: ago this rumor that the intervind the ferry ran aground
22:12
Speaker 11: because someone put it an autopilot to go get a
22:15
Speaker 11: coffee and when they came back, they couldn't get it
22:16
Speaker 11: off auto pilot and it effectively crashed. MZED first, copying
22:21
Speaker 11: a lot of criticism, Chris Hipkins had to go yesterday.
22:24
Speaker 11: Kbi Well said they got their facts wrong. Maritime New
22:26
Speaker 11: Zealand told us its inquiries have so far found that
22:29
Speaker 11: was not the case. But the post and newspaper reporting
22:33
Speaker 11: that it was a mistakenly pressed execute button that sent
22:37
Speaker 11: the ship of course and the crew could not indeed
22:39
Speaker 11: wrestle it back from autopilot. That's an elked internal bulletin.
22:43
Speaker 11: So whether this went to get a coffee rumor is true,
22:46
Speaker 11: who knows. But Z First looking more justified at this point,
22:49
Speaker 11: and as you say, we're getting a little closer to
22:51
Speaker 11: finding out the facts.
22:52
Speaker 2: All right, Max, Thanks for that. How's the weather today
22:54
Speaker 2: in the Capitol A.
22:55
Speaker 11: Cloudy period's the odd shower mostly after midday, southerly's eleven
22:59
Speaker 11: the high.
23:00
Speaker 2: Thanks so much. Never ready moneyed with us in Auckland
23:02
Speaker 2: this morning good morning, Good morning, some Auckland roads have
23:05
Speaker 2: had a makeover.
23:05
Speaker 12: Yes, now, I know this isn't breaking news because you
23:08
Speaker 12: know here in Auckland, it's just like Cone City, isn't it.
23:11
Speaker 12: But Auckland Transport has come up with these numbers. They're
23:13
Speaker 12: saying resurface more than four hundred kilometers of the region's roads. Now,
23:18
Speaker 12: this is part of the summer road reno which they
23:21
Speaker 12: committed to last year kind of like ending in June.
23:24
Speaker 12: So this is the news that they're saying, Hey, hey,
23:26
Speaker 12: we've done four hundred kilometers. Ellen Wallace is the road Esset,
23:30
Speaker 12: Maintenance and Renewals manager. He says, look, this is the
23:32
Speaker 12: biggest program of work that they've done since twenty eighteen.
23:35
Speaker 12: But but but there's seven five hundred kilometers still.
23:42
Speaker 2: To go in total.
23:43
Speaker 12: So he's saying, hey, there's plenty of work to do.
23:45
Speaker 12: So they've got a huge backlog. As if we didn't
23:47
Speaker 12: know that, we wouldn't know ourselves. No, once things are normal, no,
23:50
Speaker 12: I mean, you know everyone, what will that look like?
23:53
Speaker 2: That'll take them a few summers to get through that,
23:55
Speaker 2: that's for sure. Speaking of summers, what's the weather looking
23:57
Speaker 2: like today?
23:58
Speaker 12: Fine morning, cloud morning, frost shelter places for Auckland. Do
24:01
Speaker 12: you believe it? A high fourteen four is the load tonight,
24:05
Speaker 12: so it's pretty chilly for Auckland.
24:06
Speaker 2: Bit nippy all right, thank you so much. Never ready
24:08
Speaker 2: money with us in Auckland this morning. It has just
24:10
Speaker 2: gone eighteen minutes away from six o'clock when we come back.
24:13
Speaker 2: We're live to the United States with Catherine Ferkin. Lots
24:17
Speaker 2: of you texting in in reply to I think it
24:19
Speaker 2: was Bob earlier that was it an earthquake? Was it
24:22
Speaker 2: a big truck in Dunedin and Otago? I can tell
24:26
Speaker 2: you that earthquake details five twenty am, five kilometers southwest
24:30
Speaker 2: of all i'madu shaking was felt. It was a weak
24:33
Speaker 2: magnitude of two point six at a depth of six kilometers.
24:37
Speaker 2: Thank you for that text, Rob. We're back in a second.
24:40
Speaker 1: International correspondence with Ends and Eye Insurance. Peace of mind
24:44
Speaker 1: for New Zealand business.
24:47
Speaker 2: And this is great about building costs coming down? Are
24:50
Speaker 2: we ever going to get offered fixed price contracts like
24:54
Speaker 2: they do overseas for new builds so that the costs
24:57
Speaker 2: don't blow out? And then you're on the hook. There
24:59
Speaker 2: is a good question we could put that to the
25:02
Speaker 2: master builders that we had on earlier in the program
25:04
Speaker 2: and put it to the next time. Thanks for your message.
25:06
Speaker 2: At just gone sixteen away from six o'clock. Right now,
25:09
Speaker 2: we're going to Catherine Ferkin, a US correspondent, because the
25:12
Speaker 2: first Democratic Senator has questioned President Joe Biden's election chances.
25:17
Speaker 2: It comes as Nancy Pelosi has weighed into this in
25:20
Speaker 2: an awkward way too for Joe Biden. Catherine, Good morning.
25:24
Speaker 2: What's the latest?
25:26
Speaker 9: Yeah, good morning, Ryan. Well, it just really keeps getting
25:29
Speaker 9: worse for Joe Biden, doesn't it. I mean, now we're
25:31
Speaker 9: basically a fortnight out from that disastrous debate between the
25:35
Speaker 9: President and Donald Trump, and just nothing that he does
25:39
Speaker 9: seems to be helping him in terms of improving his
25:41
Speaker 9: standing amongst the American public. You know, since the debate,
25:45
Speaker 9: we saw him, we've seen him out on the campaign trail,
25:48
Speaker 9: We've seen him call up radio stations and TV stations,
25:51
Speaker 9: We've seen him do a whole sit down TV interview
25:54
Speaker 9: about what went wrong, and none of this is resonating
25:58
Speaker 9: with voters. None of it is changing people's minds. Now,
26:01
Speaker 9: as you mentioned today, we've heard from the first Democratic
26:05
Speaker 9: senator who's spoken out with really the most damning comments yet.
26:09
Speaker 9: Colorado's Michael Bennett says he fears his part and could
26:12
Speaker 9: lose in a landslide to Donald Trump if Joe Biden
26:16
Speaker 9: stays on the ticket. The language he used was really,
26:19
Speaker 9: really strong. He says he believes Donald Trump is on
26:22
Speaker 9: track to win November's election, and he's worried that he
26:25
Speaker 9: will take both the Senate and the House if the
26:27
Speaker 9: Democrats don't make a drastic change. Interestingly, he didn't actually
26:32
Speaker 9: call for Biden to step down, but rather he said
26:35
Speaker 9: the party itself now has a moral obligation to do
26:39
Speaker 9: everything it can to stop Trump from returning to the
26:42
Speaker 9: White House. You mentioned Nancy Pelosi there in the intro.
26:45
Speaker 9: She's also given some really quite awkward comments about the
26:49
Speaker 9: fact that time is running out for Biden to make
26:51
Speaker 9: a decision. We've also heard from actor and Democratic donor
26:55
Speaker 9: George Clooney today. He published a guest sa in The
26:59
Speaker 9: New York Times basically saying we need a new nominee. Now.
27:03
Speaker 9: This is particularly strong because Clooney is a longtime friend
27:06
Speaker 9: of Biden's and he's outwardly passionate about the Democrats that
27:10
Speaker 9: He says that Joe Biden I was with three weeks
27:12
Speaker 9: ago at the fundraiser was not the Joe big effing
27:16
Speaker 9: deal Biden of twenty ten. So unfortunately for Biden, I
27:20
Speaker 9: mean all the signs appointing to exit stage left.
27:24
Speaker 2: Ryan Catherine, thank you very much for that. Our US
27:26
Speaker 2: correspondent Katherine Ferkin with US Live from the United States,
27:29
Speaker 2: twelve away from six. Very quickly from that, George Clooney
27:32
Speaker 2: op ed, he says, and this is the death now.
27:35
Speaker 2: I think for Joe Biden. We're not going to win
27:38
Speaker 2: in November with this president. On top of that, we
27:40
Speaker 2: won't win the House. We're not and we're going to
27:42
Speaker 2: lose the Senate. This isn't only my opinion, this is
27:45
Speaker 2: an interesting but this is the opinion of every Senator
27:48
Speaker 2: and congress member and governor that I've spoken with in private,
27:52
Speaker 2: every single one, irrespective of what he or she is
27:56
Speaker 2: saying publicly, that is damning. It's eleven away four on
28:00
Speaker 2: six o'clock here on zb Bridge Rich positive news from
28:05
Speaker 2: the Reserve Bank. Despite the OCR remaining unchanged at five
28:07
Speaker 2: point five percent, It's hinted that interest rate cuts could
28:11
Speaker 2: be closer than previously thought. The RB and Z said
28:14
Speaker 2: they expect inflation to drop within the target of one
28:17
Speaker 2: to three percent later this year. It follows wide expectations
28:20
Speaker 2: that interest rates would remain unchanged until next year. Sharon
28:24
Speaker 2: Zomer is the A and Z Chief economist and is
28:27
Speaker 2: with me now, Sharon, good morning. Has this changed your
28:29
Speaker 2: view on when you think a rate cut might happen?
28:33
Speaker 13: Well, it was that bank was pretty careful to leave
28:35
Speaker 13: all their options open. That comment about inflation falling back
28:38
Speaker 13: in the band by the end of the year wasn't
28:40
Speaker 13: actually you, but a couple of they did rehisterate they're
28:43
Speaker 13: willing to change their mind, which of course they always
28:46
Speaker 13: are and should be, but noted that rates will evolve
28:50
Speaker 13: according to the conditions and that they've noted that the
28:52
Speaker 13: recent data has been weaker, so certainly that the market
28:57
Speaker 13: jumped on it. We'd see it as tilting and the
28:59
Speaker 13: risk a little bit towards earlier cuts. But essentially it's
29:03
Speaker 13: going to be the data that decides, and we've got
29:06
Speaker 13: the inflation data next week, so with that and down
29:10
Speaker 13: the track, the Reserve Bank was never going to come
29:12
Speaker 13: out with a really really strong view because you know,
29:16
Speaker 13: why would you when you could look a bit silly
29:17
Speaker 13: a week later. So I think that's going to really
29:21
Speaker 13: be a very very important piece of data.
29:23
Speaker 2: And are you following the same strategy.
29:28
Speaker 4: Pretty much what the data is.
29:31
Speaker 13: Yeah, yeah, Well it's really really important because in the
29:34
Speaker 13: main monetary policy statements, the Reserve Bank decided that, gosh,
29:38
Speaker 13: maybe this economy is just so unfit it can't run
29:40
Speaker 13: very fast at all without overheating and generating inflation. So
29:44
Speaker 13: they revised down their growth forecast. At the same time,
29:46
Speaker 13: they revised up their inflation forecast pushed out their estimate
29:50
Speaker 13: of when they'll be cutting. So it was like a
29:51
Speaker 13: triple header of bad news. So hopefully we'll get some
29:55
Speaker 13: better news next week that will make the Reserve Bank
29:58
Speaker 13: more confident than they are winning the.
29:59
Speaker 2: Battle to hold your tongue. Hey, a hypothetical one for you.
30:03
Speaker 2: If they were to drop this talk would be twenty
30:06
Speaker 2: five basis points. What would be the real impact on
30:09
Speaker 2: mortgage interest rates? What would the time lay be for people?
30:12
Speaker 2: Just so that they can get an idea in their head.
30:16
Speaker 13: Well, actually it's the Reserve Bank only controls the overnight
30:19
Speaker 13: interest rate, which feeds into the floating mortgage rate, but
30:23
Speaker 13: the interest rates out one year, two year, even out
30:25
Speaker 13: of forrest three years. That is actually determined mostly by
30:28
Speaker 13: what the market expects the Reserve Bank to do, and
30:32
Speaker 13: that actually changed yesterday quite a bit. The markets will
30:36
Speaker 13: make it will come and go a little bit, and
30:38
Speaker 13: the data next week will be important, as I said,
30:40
Speaker 13: but certainly in the hour following what the Reserve Bank
30:43
Speaker 13: said yesterday, rates dropped a lot, so you could potentially
30:47
Speaker 13: see mortgage rates to fall well in advance of when
30:49
Speaker 13: the Reserve Bank actually moves the official cash rates, just
30:53
Speaker 13: as the symmetric situation to when the Reserve Bank was
30:55
Speaker 13: hiking and you saw fax rates mortgages increase well before
31:00
Speaker 13: the ocup. On the other side, the sex mortgage rates,
31:03
Speaker 13: I'd like you to come down before they actually start cutting.
31:07
Speaker 2: All right, Sharon, thank you very much for that update.
31:09
Speaker 2: Great to have you on the show. Sharon Zolner, the
31:10
Speaker 2: A and Z Chief economist, holding her tongue staying mum,
31:15
Speaker 2: just for now until we get more data, and we
31:17
Speaker 2: will get inflation data. I think next week, isn't it, Sharon,
31:20
Speaker 2: with you to get the next round. Yes, that's right, yep,
31:23
Speaker 2: all right, we'll look forward to talking to you then. Sharon,
31:25
Speaker 2: Zoler with us from the chief economist at A and Z.
31:30
Speaker 2: It's just gone eight minutes away from six o'clock here
31:32
Speaker 2: on News Talk ZB. We'll get to some of your
31:34
Speaker 2: feedback in just a few moments. Also another another we
31:39
Speaker 2: comment on the three page climate change plan the government
31:43
Speaker 2: put out yesterday.
31:44
Speaker 1: That's next on your radio and online on iHeartRadio early
31:49
Speaker 1: edition with Ryan Bridge and Smith City, New Zealand's Furniture
31:53
Speaker 1: Bids and a playing Store.
31:54
Speaker 2: News Talk zed B six to six. So the three
31:57
Speaker 2: page climate goal setting exercise that the government did yesterday,
32:02
Speaker 2: all of the climate activists came out and said, wow,
32:04
Speaker 2: that's to hide an MB report which is really really bad.
32:07
Speaker 2: And the NBA report said, actually, we're going to pump
32:09
Speaker 2: a whole lot more emissions into the atmosphere because we
32:12
Speaker 2: are going for oil and gas. Again that same report,
32:15
Speaker 2: it must be said, and Thomas Coglan from the Herald
32:18
Speaker 2: points of this out. It noted that the policy also
32:21
Speaker 2: has virtues. Using more gas would mean burning less coal,
32:25
Speaker 2: which emits far more co two. They also said that
32:29
Speaker 2: more gas would also mean a more stable electricity market,
32:33
Speaker 2: which would encourage electrification. So there are upsides to this
32:36
Speaker 2: as well. It is five away from six. Now Andrew
32:39
Speaker 2: Dickens is with you after six. Good morning, coome onning
32:41
Speaker 2: to you.
32:42
Speaker 3: Burned you could have burned something to do something. Have
32:44
Speaker 3: you ever noticed that you've got to dig something out
32:46
Speaker 3: of the ground to make everything? And where did your
32:48
Speaker 3: Where did your shirt come from? Where did you shoes
32:50
Speaker 3: come from? Everything comes from the earth. Medicines, chemicals, everything
32:54
Speaker 3: comes from the earth. So and energy it comes from
32:56
Speaker 3: the sun and it comes from burning stuff. Yay for
33:00
Speaker 3: water and hydro electric, but yeah, you've got to burn
33:03
Speaker 3: something absolutely and weave for water and hydro electric.
33:06
Speaker 2: But at some point you know there's there are black spots,
33:09
Speaker 2: aren't there? And fill them? That's all right. What's on
33:11
Speaker 2: the big show today?
33:12
Speaker 3: Well, the glimmer of hope for interest rates obviously because
33:15
Speaker 3: of what about sex change words. Construction costs are coming down,
33:19
Speaker 3: so this is good news. And there's that leak safety
33:22
Speaker 3: bulletin about the grounding of the art of Teddy. So
33:25
Speaker 3: we're going to talk to wins Peters, whose party did
33:28
Speaker 3: the tweet in the first place, or the X or
33:29
Speaker 3: whatever you call it, and he's got stuff to say.
33:32
Speaker 3: Now he's had a look at the safety bulletin and
33:34
Speaker 3: he's you know, he's acting Prime minister right now. So
33:37
Speaker 3: that's at seven thirty five.
33:38
Speaker 2: We were debating whether the person was going to make
33:40
Speaker 2: a coffee. Well you would. I had some theories on that.
33:44
Speaker 3: I'll tell you that later.
33:45
Speaker 2: Yeah, because I think you would push the autopilot to
33:48
Speaker 2: go to the toilet, but not to make a coffee.
33:50
Speaker 3: You're going to push that oiler pilot for five long seconds, ah,
33:55
Speaker 3: which is interesting. So you've got to know what you're doing,
33:58
Speaker 3: and you've got to do it purposefully. It's not like, oh, no,
34:01
Speaker 3: I push there or no pilot.
34:03
Speaker 2: No, it's a it's a it's a purposeful push. All right.
34:08
Speaker 2: Andrew dickens with you after six o'clock. That's it for
34:10
Speaker 2: me for this morning.
34:11
Speaker 1: See you tomorrow for more from News Talks ed B
34:15
Speaker 1: listen live on air or online, and keep our shows
34:18
Speaker 1: with you wherever you go with our podcasts on iHeartRadio