Latest / Early Edition with Ryan Bridge / Full Show Podcast: 31 July 2025

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Full Show Podcast: 31 July 2025 · Early Edition with Ryan Bridge

0:01
Speaker 1: The issues, the interviews and the insight. Ryan Bridge on
0:05
Speaker 1: an early edition with ex pole insulation keeping Kiwi Holmes
0:09
Speaker 1: warm and.
0:09
Speaker 2: Tray this winter news talks. That'd be good morning.
0:12
Speaker 3: It is six after five Thursday to thirty, first of July.
0:15
Speaker 3: Great to have your company this morning. Kiwibank's capital rays
0:18
Speaker 3: we look at this before six o'clock and the potential
0:21
Speaker 3: partial float of Kiwibank as well. You know, would Keywis
0:25
Speaker 3: really care if foreigners partly owned our bank? Well, look
0:29
Speaker 3: at that Chatham's Air The CEOs on the show. Regional
0:32
Speaker 3: airlines are feeling the heat. The air traffic control costs
0:36
Speaker 3: are going up by more than seventeen percent over the
0:39
Speaker 3: next three years. So can they hold on? Mitch McCann
0:41
Speaker 3: and the US for US. Oh, and congratulations, we've all
0:44
Speaker 3: survived the great Tsunamani alert of twenty twenty five.
0:49
Speaker 2: The agenda.
0:54
Speaker 3: Yes, those alerts across the Pacific made more waves in
0:58
Speaker 3: the headlines than they did in the water WAYI and
1:00
Speaker 3: Japan have now downgraded their loots.
1:04
Speaker 4: The potential for strong currents or dangerous waves are expected
1:07
Speaker 4: are occurring. For those in or near the water. There
1:11
Speaker 4: may be flooding of beach or harbor areas. Those who
1:14
Speaker 4: have evacuated new safety return home. Based on Kaunty assessments
1:18
Speaker 4: and directors.
1:19
Speaker 3: The California coast and some small pots in North America
1:22
Speaker 3: the only ones left with warnings for now.
1:25
Speaker 5: We are pretty lucky and in the United States West
1:28
Speaker 5: Coast we are looking at mostly less than one meter
1:32
Speaker 5: of water, which again means damages to coastlines and harbors,
1:36
Speaker 5: but luckily not much inundation on land. The only part
1:41
Speaker 5: that we still have in a warning, which is potentially
1:44
Speaker 5: over one meter of water, where we do start worrying
1:46
Speaker 5: about water flooding onto land is a small portion of
1:50
Speaker 5: northern California.
1:52
Speaker 3: Trump tariff watched this morning. He's threatening India, this time
1:55
Speaker 3: threatening twenty five percent tariff on impulse. They haven't made
1:58
Speaker 3: the well the deadlines to morrow, but not looking like
2:01
Speaker 3: they're going to meet it, So he's putting the pressure
2:03
Speaker 3: on and he's promising some sort of penalty for India
2:06
Speaker 3: buying Russian energy and weapons.
2:08
Speaker 6: It's not the end of the road. It seems more
2:11
Speaker 6: like a bump. It seems that India from its side,
2:13
Speaker 6: is hoping that they'll be able to convince US negotiators
2:18
Speaker 6: the farewell.
2:19
Speaker 3: For Ozzie Osborne and Birmingham in the UK taking place overnight.
2:22
Speaker 3: The Osborne family were in tears taking a moment to
2:25
Speaker 3: read tributes and laid flowers.
2:27
Speaker 7: It's a bit of a somber atmosphere now, but as
2:30
Speaker 7: you can hear, the chance of Ozzie's name are still
2:33
Speaker 7: ringing out everywhere.
2:34
Speaker 8: But this is what Ozzie would have.
2:35
Speaker 7: Wanted, a celebration of his life rather than a morning
2:38
Speaker 7: of his dad.
2:41
Speaker 1: The first word on the News of the Day early
2:43
Speaker 1: edition with Ryan Bridge and ex Fole Insulation keeping Kighi
2:48
Speaker 1: Holmes warm and dry.
2:49
Speaker 2: This winter news talk, sa'd be.
2:51
Speaker 8: So everybody's safe from the tsunami. That's good.
2:53
Speaker 3: They do say still to stay out of the water,
2:55
Speaker 3: I mean, don't go boating this morning. Probably not the
2:58
Speaker 3: smartest idea, but it was watching a lot of the
3:01
Speaker 3: coverage yesterday out of Hawaii in particular, and you have
3:05
Speaker 3: the news casters who were sitting there with a live
3:08
Speaker 3: shot and the sun's fading, and I know what they're thinking.
3:11
Speaker 3: They're thinking, Oh, the sun's going down and we won't
3:14
Speaker 3: be able to show people when the actual tsunami comes,
3:16
Speaker 3: which is the pictures that we want. However, never really
3:20
Speaker 3: came did it. There was a bit of you know,
3:22
Speaker 3: snarl up in the ocean, there was some sea going out,
3:25
Speaker 3: but then it came back in and nothing really happened,
3:28
Speaker 3: which is good, which is great because no one was hurt.
3:31
Speaker 8: But how do you have you.
3:33
Speaker 3: Know, they said it's the top ten in the top
3:35
Speaker 3: ten recorded history biggest earthquake, it's a megaquake, one of
3:41
Speaker 3: the strongest ever recorded, eight point eight magnitude, And of
3:44
Speaker 3: course we had evacuations around the Ring of fire. But
3:47
Speaker 3: how do you get at an earthquake so big and
3:50
Speaker 3: then have so little damage? That's my question, not conspiracy
3:56
Speaker 3: theorizing here, but it would just you know, how does
3:59
Speaker 3: that have and how do you have such widespread tsunami
4:03
Speaker 3: alerts with so little tsunami. It's not an exact science, obviously,
4:09
Speaker 3: so I'm sure that that's part of the problem that
4:11
Speaker 3: they have. But you know, they kept showing the same
4:15
Speaker 3: house with the same facade crumbling. We saw that same
4:18
Speaker 3: picture yesterday over and over and over again. And there
4:21
Speaker 3: was another one of a house shaking with some tiles
4:23
Speaker 3: coming off the roof, but that was about it. You know,
4:25
Speaker 3: how do you get in the top ten biggest earthquakes
4:29
Speaker 3: mega earthquakes in the history of a recorded history of
4:33
Speaker 3: the world.
4:33
Speaker 8: And if two tiles fall off a guy's roof.
4:35
Speaker 3: In Russia, you know, someone who's smarter than me will
4:39
Speaker 3: be able to answer that question. In terms of the tsunami,
4:42
Speaker 3: the reason that they put the alerts out is because
4:44
Speaker 3: they it's not an exact science and they just don't know.
4:47
Speaker 3: And what's more, I was listening to a guy yesterday
4:50
Speaker 3: who was a scientist, who was saying.
4:52
Speaker 8: Well, you know what would you rather.
4:53
Speaker 3: Would you rather have some alerts go out and potentially
4:57
Speaker 3: save your life or would you rather a box day tsunami,
5:00
Speaker 3: which you know two thousand and four we all remember
5:03
Speaker 3: that there were no alerts then and how many two
5:06
Speaker 3: hundred and thirty thousand people died, And I'm sure they
5:09
Speaker 3: would have loved an alert. So yes, they're annoying. And
5:14
Speaker 3: on top of all the weather ones we get. You know,
5:17
Speaker 3: how many times is NIMA going to make my fine
5:20
Speaker 3: vibrate this year?
5:22
Speaker 8: That's my question? Nine two ninety two is the number text.
5:26
Speaker 3: It's just gone eleven minutes after five here on news Talk,
5:29
Speaker 3: sa'd be We're going to look at a couple of
5:30
Speaker 3: things finance wise this morning. One is ki We Savor
5:34
Speaker 3: and the other is kei We Bank Kiwi Bank potentially
5:38
Speaker 3: getting a partial float.
5:39
Speaker 8: We'll look at that a little later on.
5:40
Speaker 3: And I've also got some numbers for you this morning,
5:43
Speaker 3: a zero small Business Insights. This is the interesting one
5:46
Speaker 3: from June. I'll give you those numbers next on.
5:50
Speaker 1: Your radio and online on iheard radio early edition with
5:54
Speaker 1: Ryan Bridge and x Fole Insulation keeping Kiwi homes warm
5:58
Speaker 1: and dry this winter, TALKSB News, Talks HEB.
6:02
Speaker 3: It's just gone fourteen after five. Here's yeah, zero small
6:05
Speaker 3: Business Insights. This is for the June quarter. It's looking
6:08
Speaker 3: at sales for our small businesses and it's not a
6:11
Speaker 3: great story. So the June quarter was down zero point
6:15
Speaker 3: one percent year on year. That's a drop from a
6:19
Speaker 3: positive one point one percent year on year for the
6:21
Speaker 3: March quarter. So we are going backwards, well behind the
6:26
Speaker 3: long term national average two of six point three percent
6:29
Speaker 3: year on year, and much behind Australia for quarter two
6:34
Speaker 3: of twenty twenty five three percent for the Aussies and
6:37
Speaker 3: we were minus zero point one. One good piece of
6:41
Speaker 3: news to come out of this. It was released at
6:42
Speaker 3: five o'clock this morning was an increase. This is for
6:45
Speaker 3: the month of June, four point four percent year on
6:48
Speaker 3: year for the month of June. So it looked to
6:51
Speaker 3: be picking up towards tail end of the quarter, which
6:53
Speaker 3: is obviously a good thing. And all your usual stories agriculture, good,
6:56
Speaker 3: South Island good everything else bit lame.
7:00
Speaker 8: Quarter past five, Bryant Bridge.
7:02
Speaker 3: More energy is on the way and it's coming from
7:04
Speaker 3: below our feet Energy mister Shane Jones announcing yesterday plan
7:07
Speaker 3: to double our production of geothermal energy by twenty forty.
7:11
Speaker 3: He says we have the potential to be a world
7:14
Speaker 3: leader in the geothermal sector. Stuart Hamilton is Mercury Energy
7:18
Speaker 3: CEO with me this morning.
7:20
Speaker 8: Hey Stuart, good morning, How are you good? Thank you?
7:23
Speaker 8: What did you make of this?
7:24
Speaker 3: I mean it's a first of all, it's a draft plan,
7:27
Speaker 3: but is there enough meat on the bones for you?
7:31
Speaker 9: Yeah, it's a good start, we think. Looking Zilland's already
7:33
Speaker 9: a global leader in gfrmal energy production and we've produced
7:36
Speaker 9: about twenty percent of our achristy from gffrmal compared to
7:40
Speaker 9: a place like the US where it's less than one
7:42
Speaker 9: so we've definitely got huge potential to not only just
7:45
Speaker 9: use this to decarbonize as young, but actually potentially grow
7:49
Speaker 9: our economy and various advanced technologies like supercritical.
7:53
Speaker 3: Why do we need the government to be stumping up
7:55
Speaker 3: money for drilling new wells?
7:57
Speaker 9: So welling is a Drilling wells is a huge upfront
8:01
Speaker 9: cost and large risk in geofrmal development. So we drill
8:04
Speaker 9: wells are about three klimeters deep and each well cost
8:08
Speaker 9: is about fifteen to twenty million dollars. So despite extensive investigation,
8:12
Speaker 9: sometimes you can miss that hot liquid under our feet.
8:16
Speaker 9: And when each geoffrmal field needs about ten to twenty wells,
8:19
Speaker 9: it's a pretty large upfront cost and risk.
8:22
Speaker 3: How do you know where the hot liquid is? Well,
8:24
Speaker 3: obviously it's not an exact science exactly.
8:27
Speaker 9: That you can do quite a lot of investigation from
8:29
Speaker 9: the surface to get an understanding of what where the
8:32
Speaker 9: liquid might be and when the heat might be, but
8:34
Speaker 9: it's not until you actually start drilling that you get
8:36
Speaker 9: a feel for whether you've got both the heat, but
8:38
Speaker 9: you actually need to have the hot liquid as well,
8:41
Speaker 9: so you need both of those in combination.
8:43
Speaker 3: When are we going to start drilling or are we
8:44
Speaker 3: already you know, more than five k's for the real
8:48
Speaker 3: potent stuff.
8:50
Speaker 9: Yeah, so the supercritical is something which we're working on
8:53
Speaker 9: at the moment. There's probably going to be it's sort
8:56
Speaker 9: of in development over the next couple of years, but
9:00
Speaker 9: that in the meantime, we're actually doing quite a lot
9:02
Speaker 9: of work with conventional GF thermal, so mercury. For example,
9:05
Speaker 9: we're currently doing a three hundred million dollar expansion of
9:08
Speaker 9: one of our sites and that will come on stream
9:11
Speaker 9: early next year and produced enough power for the whole
9:14
Speaker 9: of the city of Wellington, for example. So we're pushing
9:16
Speaker 9: pretty hard with just the conventional geoffrmal in conjunction with
9:20
Speaker 9: the supercritical.
9:21
Speaker 3: If we were to double what the Minister says we
9:24
Speaker 3: should be doing, doubling the production of geothermal energy by
9:27
Speaker 3: twenty forty how many holes.
9:30
Speaker 8: Do we need to drill? You know, how much is
9:31
Speaker 8: this going to cost?
9:33
Speaker 9: Yeah, it's pretty significant, So doubling our energy, and even mercury,
9:38
Speaker 9: we've got our own sort of goals to actually double
9:40
Speaker 9: our size by twenty thirty five. So there's a fair
9:43
Speaker 9: bit of investment and we're talking billions of dollars and
9:45
Speaker 9: potentially just the whole of the electricity sector has another
9:49
Speaker 9: ten billion dollars worth of investment over the next five
9:51
Speaker 9: years alone, so that's a significant investment in the industry.
9:55
Speaker 9: But that's absolutely needed.
9:57
Speaker 3: And we'll be paying for that through higher prices with electricity.
10:02
Speaker 9: So typically what happens is we taken it part of
10:05
Speaker 9: our the money we're making an invested back into the sector.
10:08
Speaker 9: So over the half of the money that we've made
10:10
Speaker 9: in the last couple of years actually goes back into
10:12
Speaker 9: new and existing power stations.
10:16
Speaker 3: Hey, appreciate your time this morning. Stuart Stuart Hamilton, Mercury
10:19
Speaker 3: Energy chief Executive on Shane Jones' big geo thermal steam
10:24
Speaker 3: up yesterday.
10:24
Speaker 8: He was quite excited by this.
10:26
Speaker 3: Interestingly, he because he got in big trouble the day before,
10:31
Speaker 3: got the night before when he made his little tweaks
10:34
Speaker 3: to the oil and gas band reversal, which has taken
10:36
Speaker 3: them sweet amount of time. But yesterday there was all
10:41
Speaker 3: the scientists under the sun. We're coming out loving Shane Jones.
10:46
Speaker 3: What an exciting time, said Isabelle chamber Fought from Energy Futures.
10:52
Speaker 3: She says, what an exciting time. The strategy lays the
10:54
Speaker 3: groundwork for a national, forward looking and collective approach to
10:58
Speaker 3: the next generation of geo thermally, they just lapping it
11:01
Speaker 3: up Professor Barry Barton. He says this is a significant
11:06
Speaker 3: move from the government. Interestingly, he also points out that
11:10
Speaker 3: there are moldy stakes in geo thermal unresolved claims against
11:17
Speaker 3: the Crown through the White Tangi Tribunal over geo thermal areas.
11:22
Speaker 3: So what happens there and what does Shane think about
11:24
Speaker 3: all of that. It's nineteen minutes after five. News Talk said,
11:27
Speaker 3: BE News.
11:29
Speaker 2: And Views you trust to start your day.
11:31
Speaker 1: It's earlier Ediship with Ryan Bridge at Expol Insulation Keeping, Kiwi, Holmes,
11:37
Speaker 1: Warn and Drey this winter.
11:38
Speaker 2: News Talk said BE.
11:39
Speaker 3: Twenty one minutes after five. They've had a Halliban morning
11:42
Speaker 3: over in the UK.
11:43
Speaker 8: Well evening.
11:43
Speaker 3: I shit's over in the UK with flights diverted, flights
11:47
Speaker 3: affected by air traffic control problems. So it looks like
11:50
Speaker 3: they're getting it sorted and under control right now.
11:52
Speaker 8: Back home.
11:53
Speaker 3: The cost of flying to and from every airport in
11:56
Speaker 3: this country is about to go up airways. These are
11:58
Speaker 3: the guys who run air traffic control. They're upping their
12:01
Speaker 3: fees seventeen point seven percent over the next three years.
12:04
Speaker 3: Dwyane Eminy is the Air Chatham CEO with me this morning.
12:07
Speaker 8: Draane, good morning, very good morning, Brian. Good to have
12:10
Speaker 8: you on the show. What does this mean for you?
12:13
Speaker 10: Ah, well, it's another cost, It's another structural cost that
12:16
Speaker 10: we have no control over, that we have to you know,
12:19
Speaker 10: somehow absorb or attempt to pass on. So yeah, it's
12:22
Speaker 10: not a good thing.
12:23
Speaker 3: Is it enough to put you know, regional airlines out
12:26
Speaker 3: of business? I mean, we're seeing a lot of stories
12:28
Speaker 3: about regional airlines struggling at the moment. Is you know,
12:31
Speaker 3: obviously this is not a great move, but is it
12:33
Speaker 3: enough to tip some over the edge?
12:34
Speaker 8: Do you think?
12:36
Speaker 11: Yeah?
12:36
Speaker 10: I think, well you've already seen it, aren't you. I
12:38
Speaker 10: mean we're down to there. You've got roots being cut,
12:40
Speaker 10: you've got airplanes being sold. I can assure you that
12:43
Speaker 10: all regional airlines, including ourselves, are looking at similar things.
12:47
Speaker 10: So you know, it's it's not it's just not going
12:50
Speaker 10: to work long term if we keep doing the same
12:53
Speaker 10: old thing and hoping for a different result. I think, really,
12:58
Speaker 10: you know, in our opinion, we've got to really get
13:01
Speaker 10: back to the root cause of why we have the
13:04
Speaker 10: issue that we have today and I look at it
13:07
Speaker 10: and think, well, we seem to have a more expensive
13:10
Speaker 10: system from a customer perspective, but we actually have a
13:13
Speaker 10: worse service. So why is that? And it was interesting
13:18
Speaker 10: I was coming on talking to you this morning. I
13:20
Speaker 10: was having a look back at some of the reports
13:23
Speaker 10: sort of November twenty fourteen and when Ayzia made their
13:27
Speaker 10: decisions to cut one of their original carries at the time,
13:30
Speaker 10: which was Eagerly Are. They had a fleet of about
13:33
Speaker 10: eighteen small eighteen ceed aircraft that really connected a lot
13:37
Speaker 10: of regional New Zealand and at the time it was
13:40
Speaker 10: decision was made to cut that because it was costing
13:43
Speaker 10: and just for luction and't words a million dollars a month,
13:45
Speaker 10: so twelve million dollars a year, but that that airline
13:49
Speaker 10: would be cut and then the investment would go into
13:52
Speaker 10: larger tubo proper aircraft and ultimately everyone would get a
13:55
Speaker 10: bit of service at lower cost. Well, you know we
13:59
Speaker 10: are ten years later and that's absolutely not the net
14:03
Speaker 10: result hasn't happened.
14:05
Speaker 3: What so what do we need to do to fix
14:07
Speaker 3: this then? Because I mean airways, I mean, well it's
14:09
Speaker 3: a bit of a it's a monopoly really isn't it.
14:11
Speaker 3: I mean, they consult and then they just charge essentially
14:14
Speaker 3: what they want, but presumably they have costs they need
14:17
Speaker 3: to increase and cover as well.
14:20
Speaker 8: What's the solution.
14:23
Speaker 10: Yeah, well, I think you look at the airways example.
14:25
Speaker 10: I mean, and again this is my opinion, they hid
14:28
Speaker 10: behind their state owned enterprise band. What's the legislative requirement
14:32
Speaker 10: to provide a profit back to their shareholder, which is
14:34
Speaker 10: effective for a government, So you know the government had
14:38
Speaker 10: some control over that cost. They could actually go to
14:40
Speaker 10: the airways and say, hey, we needed a better here.
14:44
Speaker 10: You know, we shouldn't really be making a profit while
14:47
Speaker 10: these regional airlines and other airlines in general suffering. So
14:50
Speaker 10: you know, what can we do about that? Because the
14:52
Speaker 10: reality is there is no other provider that's going to
14:54
Speaker 10: come in and compete against them because the infrastructure costs
14:59
Speaker 10: require to do that are significant. So I think that's
15:03
Speaker 10: an area that needs to be looked at. And then
15:05
Speaker 10: again you've got to go back to the root course.
15:08
Speaker 10: Like ten years ago, twenty years ago, we had a
15:10
Speaker 10: much more vibrant aviation ecosystem in this country. You had
15:13
Speaker 10: a lot more airlines, a lot more aircraft, so you
15:16
Speaker 10: had a lot more people playing into the system and
15:19
Speaker 10: chaining into the system as well. But of course, as
15:21
Speaker 10: any zones made decisions to withdraw from these smaller regions,
15:27
Speaker 10: you know, cut its fleet size, consolidate into larger tubo
15:30
Speaker 10: proper aircraft and obviously into gen aircraft on some of
15:34
Speaker 10: these regional routes, it ultimately means you've got less planes,
15:37
Speaker 10: less frequency, in my opinion, or worse service, but you've
15:41
Speaker 10: actually got less people playing in. So then these bloated
15:44
Speaker 10: corporate organizations like your Ways and the CIA is some extents,
15:49
Speaker 10: because they all run corporate structures, they will have high
15:51
Speaker 10: pay salaries and then really high overheads. They have to
15:55
Speaker 10: spread that across the users. And of course the only
15:58
Speaker 10: way you can do that is put the prices up.
15:59
Speaker 10: And that's what happening, That's what you're seeing. That's what's
16:02
Speaker 10: airlines like US are trying to put into ticket prices.
16:06
Speaker 10: The customers pushing back and saying, hey, this is too much.
16:08
Speaker 10: I'm good joming the Karen drives.
16:11
Speaker 3: Yeah, it's literally unaffordable. Douane appreciate that really interesting stuff.
16:16
Speaker 3: Duane Emini, who's Edge Adams chief executive time now is
16:19
Speaker 3: twenty six after five quick update on Keep Bank and
16:22
Speaker 3: Keep we Save.
16:22
Speaker 1: Next the early edition full show podcast on iHeartRadio, how
16:27
Speaker 1: it By News talks at Me.
16:29
Speaker 3: A couple of predictions for you this morning, at twenty
16:31
Speaker 3: eight minutes after five won. The National Party will campaign
16:34
Speaker 3: on a partial float of.
16:36
Speaker 8: Kiwi Bank at the next election.
16:37
Speaker 3: I think it's looking and sounding more and more like
16:40
Speaker 3: they will. The question is whether voters will care. I
16:43
Speaker 3: don't think so. Asset sales are not the great electoral
16:46
Speaker 3: disaster that they were once portrayed. As asked John Key,
16:49
Speaker 3: who whipped Phil Goff's but in twenty eleven on a
16:52
Speaker 3: platform of partially privatizing assets. It was a devastating loss
16:56
Speaker 3: for Phil Goff and the Labor Party.
16:58
Speaker 8: Key, we saber.
17:00
Speaker 3: Another prediction for you this morning, we will pay and
17:03
Speaker 3: our employers will pay I think twelve percent before long's
17:07
Speaker 3: currently eight percent for a piece. That will increase too,
17:12
Speaker 3: and the need for it to increase is just look
17:15
Speaker 3: across the Tasman where they have four trillion dollars in
17:20
Speaker 3: retirement funds, our QI saver balances collectively just over a billion.
17:25
Speaker 3: It's David and Goliath, so we need to save more.
17:28
Speaker 3: And if we're serious about the Kibank taking on the Aussies.
17:30
Speaker 3: They need more cash too. Twenty nine after five Bridge
17:34
Speaker 3: Bridge and we will get to.
17:38
Speaker 1: Brian Bridge on early edition with ex bowl insulation keeping
17:43
Speaker 1: Kiwi homes warm and try this Winter News Talks a b.
17:50
Speaker 12: On me. Good morning.
18:02
Speaker 3: It is twenty four minutes away from the six News
18:04
Speaker 3: Talk said be you'll love this story. This is about
18:07
Speaker 3: the COP you know, the UN Climate conference that they
18:10
Speaker 3: hold every year. This is COP thirty in November in
18:13
Speaker 3: Brazil and they're having an emergency UN meeting about it.
18:17
Speaker 3: So an emergency meeting about an emergency situation because the
18:22
Speaker 3: price of the hotels is too expensive apparently for a
18:25
Speaker 3: lot of the people who are wanting to attend. Do
18:27
Speaker 3: you know how many people go to COP by the way,
18:30
Speaker 3: the group that they call a meeting. When you've got
18:32
Speaker 3: a problem with your hotels at your COP conference, you
18:34
Speaker 3: convene a meeting, an emergency meeting of the UN's COP Bureau.
18:39
Speaker 8: This is an actual thing. So who you're going to call.
18:43
Speaker 3: You're going to call the COP Bureau and they are
18:46
Speaker 3: forty five thousand people are going to attend COP thirty
18:51
Speaker 3: in November in Brazil. Forty five that's almost the size
18:55
Speaker 3: of Nelson traveling. Most of them, you'd say business class
18:59
Speaker 3: traveling to Brazil to talk about the climate. You know,
19:04
Speaker 3: we're serious. The problem is a lot of the poor
19:07
Speaker 3: countries can't afford the hotel rooms. This is a city
19:10
Speaker 3: of one point three million people where they're holding it,
19:13
Speaker 3: and they're going to transplant forty five thousand people there
19:16
Speaker 3: for the conference and eighteen thousand hotel beds. They're expanding
19:22
Speaker 3: to eighteen thousand hotel beds. So desperate are they the
19:25
Speaker 3: Brazilian government, they are now getting two cruise ships to
19:29
Speaker 3: provide six thousand.
19:31
Speaker 8: Extra beds for delegates. Are on what planet?
19:35
Speaker 3: Now here's the kicker, and this is the cheap price
19:38
Speaker 3: of a hotel room for COP thirty the cheap price
19:42
Speaker 3: that they are subsidizing for third world countries. So we
19:46
Speaker 3: won't get this price, but the cheap going rate for
19:49
Speaker 3: a room at COP three hundred and seventy one New
19:52
Speaker 3: Zealand dollars. Good luck, Well twenty two to six. Ryan
19:58
Speaker 3: Michael sircles with US Denise News this morning. Michael, good morning,
20:01
Speaker 3: Good morning. Boiled water notice could be shortened.
20:05
Speaker 13: Yes for two Central Otago communities ran Purley and Partieroa
20:09
Speaker 13: currently under a precautionally boil water notice which is due
20:12
Speaker 13: to go into the December. While water treatment plants are
20:15
Speaker 13: being upgraded. Both towns water treatment processes lack a barrier
20:19
Speaker 13: of proto zoa and that could cause illnesses. The district
20:24
Speaker 13: councils agreed now to borrow a containerized UV unit from
20:28
Speaker 13: the Selwyn District Council to serve as a temporary barrier.
20:32
Speaker 13: So that means that everything could be operational by September,
20:35
Speaker 13: allowing the council to lift the notus three to four
20:37
Speaker 13: months earlier than previously expected.
20:39
Speaker 8: All right, that's good news, Michael. How's the weather partly? Cloudly?
20:42
Speaker 13: The chants of showers eight the high today brilliant.
20:44
Speaker 3: Thank you Claires and christ Chuts this morning, clear, good morning,
20:47
Speaker 3: good morning. You've got some international recognition for Christchurch City Council.
20:52
Speaker 14: It's right well, indeed, specifically for the council's fire detection
20:56
Speaker 14: and monitoring initiatives. So we have fifteen cents as of
21:00
Speaker 14: cross the city.
21:00
Speaker 11: Here.
21:01
Speaker 14: They gather information on things like air pollution, smoke, wind
21:04
Speaker 14: speed and even wind direction, along with some visual and
21:08
Speaker 14: thermal imaging. It helps to detect the early signs of
21:11
Speaker 14: any fire in christ Church. Now, this is a project
21:14
Speaker 14: which uses smart technology. It's now won the International Innovation
21:18
Speaker 14: of the Year award. That's at the Society for Innovation,
21:21
Speaker 14: Technology and Modernization Awards held in the UK. Earlier this
21:26
Speaker 14: year we had four more of the senses added to
21:28
Speaker 14: the Port Hills near Summit Road, of course, the area
21:31
Speaker 14: where those massive Porthills fires were in twenty seventeen.
21:35
Speaker 15: And just last year. How's your were the Claire rainy today?
21:39
Speaker 14: It will clear to mostly find some southerly strong about
21:41
Speaker 14: Banks Peninsula and a high of ten.
21:43
Speaker 3: All right, thank you, max Is and Wellington, Max good morning,
21:46
Speaker 3: good morning. Have we had any confirmation on the FBI
21:50
Speaker 3: director and his potential visit to Wellington?
21:53
Speaker 16: Well we have, yes, this is a excuse me, Cash Patel,
21:57
Speaker 16: Donald Trump's appointed. Yeah, the current direct through the FBI,
22:00
Speaker 16: very big cheese in global security. Spotted by an eagle
22:04
Speaker 16: eyed member of our newsroom in Parliament alongside other US
22:07
Speaker 16: officials yesterday. What he's been doing in New Zealand, we
22:10
Speaker 16: don't know. It can assume he most likely met with
22:13
Speaker 16: Winston Peters, but no word from him, no word from
22:15
Speaker 16: Judith Collins either no confirmation by the US embassy. But
22:19
Speaker 16: before you start suspecting a possible case of mistaken identity,
22:23
Speaker 16: Nicola Willis did confirm to Newstalk z EDB it was
22:26
Speaker 16: in fact Cash Patel at Parliament yesterday. Then she suggested
22:30
Speaker 16: perhaps she shouldn't have confirmed it, but flight records then
22:34
Speaker 16: did show Patel traveling from Hawaii to Sydney to Wellington.
22:37
Speaker 16: The US Embassy would only say this that we have
22:40
Speaker 16: many official visits to New Zealand and comment on those
22:43
Speaker 16: at the appropriate time when they're in a position to
22:45
Speaker 16: do so. So a lot of coyness around this visit
22:48
Speaker 16: a visit, but it was confirmed Cash.
22:51
Speaker 8: Pateel Here we go, Nicola, let the cat out of
22:53
Speaker 8: the bag.
22:54
Speaker 3: It's not hugely professional, isn't it, you know when they're
22:56
Speaker 3: trying to be secret about this stuff? And didn't she
22:59
Speaker 3: say something about how hot the bodyguards were.
23:02
Speaker 16: She did say that a lot of attractive men in
23:04
Speaker 16: suits were walking around Parliament yesterday. Yes, great day for Nikola.
23:08
Speaker 16: How's the weather showers early clearing later? Southerly's ten the
23:12
Speaker 16: hey Central, nice.
23:13
Speaker 3: Thank you Nevasva, good morning delays. This is about the
23:17
Speaker 3: Western Springs decision, making another delay.
23:20
Speaker 7: Another delay. You're quite right, so yeah, bit of disappointment
23:23
Speaker 7: to you. So the Auckland Council was set to discuss
23:24
Speaker 7: the issue at today's governing body meeting. Now that is
23:28
Speaker 7: going to come up after October's local elections. So as
23:32
Speaker 7: we know, you know, this was after uplan and FC
23:34
Speaker 7: back proposal with Drew citing the extended timelines and all
23:38
Speaker 7: these complexities around it. So Councilor Shane Henderson has come out.
23:41
Speaker 7: He said, look, the last council meeting when the issue
23:44
Speaker 7: was discussed, it got quite heated. So it's a tough decision,
23:48
Speaker 7: he said. You know, it's a shame that it's been
23:50
Speaker 7: dragged out, but that's what it is. So that's a
23:52
Speaker 7: new angle. It will be discussed after the election.
23:55
Speaker 8: Oh god. So we have to keep hearing about Western Springs.
23:59
Speaker 3: That's right, bomb under it. I'm second hearing about it.
24:03
Speaker 3: It was sit there in the same state it is now.
24:05
Speaker 7: I totally agree with you.
24:06
Speaker 3: In another ten years yep, all right, Neva House, the weather
24:10
Speaker 3: and all place you think.
24:10
Speaker 7: About hearing this, expect strong and unusual currents and unpredictable
24:14
Speaker 7: soogas as opposed to urgas. At the shore. The warning
24:18
Speaker 7: hasn't been withdrawn people. And you know what the funny
24:21
Speaker 7: thing is is when you're told don't go down to
24:23
Speaker 7: the beach, they all bloody flop down there.
24:25
Speaker 3: There was a guy yesterday the Hawaiian news coverage, I
24:29
Speaker 3: think it was NBC and there was a guy on
24:31
Speaker 3: a paddle board and they were saying we're just waiting
24:34
Speaker 3: for the tsunami to come in, and.
24:35
Speaker 8: The other do it on a paddle board.
24:38
Speaker 3: Don't do that, don't do that, please don't it's that
24:41
Speaker 3: seventeen to six.
24:42
Speaker 8: Thanks Neva, you're on news Talk sa'd.
24:43
Speaker 3: B will get to Mitch McCann's Stateside next for the
24:46
Speaker 3: latest on the White House action against India on trade, Yes,
24:50
Speaker 3: India in Trump sites this morning. And then kir We
24:52
Speaker 3: Bank this partial potential for a partial float on the
24:57
Speaker 3: Stock exchange and the five h hundred billion dollars that
25:02
Speaker 3: they are hopefully going to pick up after an announcement
25:05
Speaker 3: from Nicola Willis yesterday.
25:06
Speaker 8: It's all ahead before.
25:07
Speaker 1: Six international correspondents with ends and eye insurance, peace of
25:12
Speaker 1: mind for New Zealand business.
25:14
Speaker 3: We'll check kvy Bank in a second just gone fourteen
25:16
Speaker 3: away from six now and Mitch McCann is our US correspondent.
25:20
Speaker 8: Mitch, good morning, Good.
25:21
Speaker 15: Morning, Ryan, how are you very well?
25:23
Speaker 8: Thank you tell us about this.
25:24
Speaker 3: We're a day away from the trade deadline and Trump's
25:28
Speaker 3: in to trade deadline and we've got a bit of
25:30
Speaker 3: a hit out on India.
25:32
Speaker 15: Yeah, that's right. Donald Trump wanted to sign I think
25:35
Speaker 15: it was ninety deals in ninety days, Ryan. Unfortunately for
25:37
Speaker 15: the president, I think he's managed five. And on the
25:40
Speaker 15: first of August, these reciprocal tariffs are going to come
25:43
Speaker 15: into place. These are new tariff rates pretty high for
25:46
Speaker 15: most of America's partners. But instead of signing a deal
25:50
Speaker 15: with India, he's decided he's going to slap a twenty
25:53
Speaker 15: five percent tariff on in there. He said, India is
25:56
Speaker 15: our friend, but we've done little business with him over
25:58
Speaker 15: the last few years because their tariff are too high,
26:01
Speaker 15: which really indicates he's not happy with the way trade
26:03
Speaker 15: negotiations have been going. And another important aspect of this
26:07
Speaker 15: is that Donald Trump says India has been buying too
26:10
Speaker 15: much military equipment and energy from Russia, and he's threatening
26:14
Speaker 15: a second tariff concerning that matter in the coming days.
26:18
Speaker 15: So Donald Trump says all things not good in capital letters,
26:21
Speaker 15: and he's implementing a twenty five percent tariff on India.
26:25
Speaker 3: And you've been watching our government calling for a two
26:28
Speaker 3: state solution to Gaza.
26:30
Speaker 8: This is at a UN conference.
26:32
Speaker 15: Yeah, that's right, a high level conference this week, Very
26:34
Speaker 15: timely given what we're seeing in Gaza at the moment.
26:37
Speaker 15: France and Saudi Arabia holding this conference where a number
26:41
Speaker 15: of members of the international community have had a chance
26:43
Speaker 15: to talk about how they want to advance the two
26:45
Speaker 15: state solution. Now, this morning we heard from Nicole Robertson
26:49
Speaker 15: from in Fatchie's, New Zealand's head of delegation. Here's what
26:52
Speaker 15: she said about New Zealand and the two state solution
26:55
Speaker 15: and Israel's actions.
26:57
Speaker 17: Israel's actions, including its withholders and politicization of humanitarian assistance,
27:03
Speaker 17: are unacceptable. Failure to do this not only undermines human rights,
27:09
Speaker 17: but also the long term prospects for security and stability
27:13
Speaker 17: and the international rules on which we all rely.
27:17
Speaker 15: Then, Nicole Robertson there Ryan said it remains for us,
27:21
Speaker 15: as in New Zealand, a matter of when, not if
27:24
Speaker 15: Palestinian statehood is realized. Of course, Christopher Luxen says that
27:27
Speaker 15: is something that is possible in the future, but he
27:29
Speaker 15: wants pressure on Israel to get humanitarian aid into Gaza
27:33
Speaker 15: as the priority at the moment.
27:34
Speaker 3: Mitch, appreciate it. Thank you, Mitch McCann our, US correspondent.
27:38
Speaker 3: It is twelve to six Bryan Bridge. Good news for
27:42
Speaker 3: banking competition, Well, hopefully good news for banking competition. The
27:45
Speaker 3: government giving the green light for a capital injection from
27:48
Speaker 3: the private sector. Cabinet approving raising half a billion, five
27:51
Speaker 3: hundred million dollars through QB saver funds and investment groups
27:54
Speaker 3: with the hope of finally making the bank competitive with
27:58
Speaker 3: the big four of the Aussies. Is Associate professor at
28:01
Speaker 3: Massi University Business School, a banking expert.
28:03
Speaker 8: Clear, Good morning, Marina Iron.
28:06
Speaker 3: Is this going to shift the dial in terms of
28:09
Speaker 3: its competitiveness, how argibargie it can be in market?
28:14
Speaker 11: Well, it's sitting in and make a difference. We're talking
28:17
Speaker 11: about increasing its capital by around seventeen percent, but in
28:20
Speaker 11: reality it's still going to be substantially smaller than the
28:23
Speaker 11: big four Australian banks. It's obviously going to be able
28:27
Speaker 11: to do more lending and if it can do a
28:29
Speaker 11: substantial amount more lending. Then it can be challenging in
28:34
Speaker 11: terms of what it offers, but it's not going to
28:38
Speaker 11: take it anywhere near the size of the Big Four.
28:40
Speaker 11: So the extent of which to which it will actually
28:43
Speaker 11: impact on competition is questionable.
28:45
Speaker 8: How do you get it there?
28:46
Speaker 3: Do you need to put it on the stock market,
28:49
Speaker 3: as Nicola Willis is sort of indicated, is potentially an option.
28:54
Speaker 11: We're still talking a huge amount of increase in capital
28:57
Speaker 11: that would be required in order to get it to
29:00
Speaker 11: anywhere like the size of the Big Four, enabling it
29:04
Speaker 11: to grow and enabling it to do more lending, whether
29:06
Speaker 11: it's through this capital injection or additional capital through an IPO,
29:11
Speaker 11: that's all going to help. But as usual, we're overstating
29:16
Speaker 11: the competition issue in the market in my view, because
29:21
Speaker 11: we do have a competitive market. qEV Bank is making
29:24
Speaker 11: a difference as it is. Yes, it will make a
29:27
Speaker 11: bit more of a difference if it's able to do more,
29:30
Speaker 11: But whether we're going to see a huge change in
29:34
Speaker 11: terms of what's happening in the banking market, I just
29:37
Speaker 11: don't see that it's going to happen.
29:39
Speaker 3: Is that because it's started a capital or because We're
29:43
Speaker 3: just a small country.
29:47
Speaker 11: It's probably not either of those things. It is certainly
29:51
Speaker 11: a challenge for keev Bank in terms of its capital
29:53
Speaker 11: situation because in order to do leaning it needs capital
29:57
Speaker 11: and it can only generate so much from its normal operation.
30:00
Speaker 11: So getting more capital as a capital injection helps. We
30:03
Speaker 11: are a small country, but that's not actually affecting a
30:06
Speaker 11: competition issue. We have a good number of banks, they
30:10
Speaker 11: are competing. We seem to perceive that just because they're
30:13
Speaker 11: making lots of money that that's not competitive. That's not
30:17
Speaker 11: necessarily the case in my view, and the challenge is
30:23
Speaker 11: that Kiwibank is just a small bank and at least
30:27
Speaker 11: you've got something a similar size to the big four,
30:29
Speaker 11: You're not really going to have a competitive difference with
30:32
Speaker 11: my view.
30:32
Speaker 8: Interesting, Clear appreciate that.
30:34
Speaker 3: Clear Mathews as I said, professor at mass University Business School,
30:38
Speaker 3: saying we don't have an issue with competition in our
30:40
Speaker 3: bank in sector. Despite what Nikola Willis keeps binging on
30:43
Speaker 3: about nine minutes away from six News talks, they'd been
30:46
Speaker 3: right next.
30:47
Speaker 1: The news you need this morning and the in depth
30:50
Speaker 1: analysis earlier thisu with Ryan Bridge and ex Bowl Insulation
30:55
Speaker 1: keeping Kiwi Holmes warm and dry this winter news talks,
30:58
Speaker 1: that'd be.
30:58
Speaker 3: Six minutes away from six. We all survive the tsunami, congratulations,
31:02
Speaker 3: But when will we die?
31:04
Speaker 8: That is the question.
31:05
Speaker 3: Yesterday we had some numbers out on life, the longevity
31:09
Speaker 3: of life, and the average male life expectancy at birth
31:13
Speaker 3: rose to eighty point one years for twenty twenty four.
31:16
Speaker 3: That is the highest ever. For females it's about three
31:18
Speaker 3: years longer, so they do live longer than us. But
31:20
Speaker 3: if you're thirty five years old, your expected your life
31:24
Speaker 3: expectancy on average would be eighty one point four years.
31:27
Speaker 3: If you're forty five years old you made it that far,
31:30
Speaker 3: then it would be eighty one point nine years. For
31:33
Speaker 3: fifty five year old it would be eighty two point
31:35
Speaker 3: nine years. And for sixty five year olds. If you're
31:38
Speaker 3: sixty five right now, you will probably on average reach
31:41
Speaker 3: eighty four point four years. If you make it to
31:44
Speaker 3: eighty years a male, you can expect to live to
31:47
Speaker 3: at least eighty eight point six years. For females that
31:51
Speaker 3: is very close to ninety five to six. Cram Bridge
31:55
Speaker 3: and I've thought i'd read that because Mike's here and
31:57
Speaker 3: I know how much how long you want to live for.
32:00
Speaker 18: It's the quality, you mate, It's not about the length,
32:01
Speaker 18: it's the quality. Surely you've been told that before.
32:04
Speaker 3: Well, yes, but I just think at some point the
32:09
Speaker 3: two things. It's like the graph gets a bit skilled
32:12
Speaker 3: with where you get so old?
32:15
Speaker 18: Is it quality anything? There's something there isn't there? But
32:18
Speaker 18: you look at people like, there's no question that sixties
32:21
Speaker 18: the new forty seventy is the new fifty.
32:24
Speaker 8: But you get hang on, hang on, you're jumping.
32:26
Speaker 18: No, you get past eighty here, you get past eighty
32:28
Speaker 18: though you don't see many really well eighty high eighties,
32:32
Speaker 18: do you, And once you get to ninety it becomes
32:34
Speaker 18: really rare. Something happens in the eighties to nineties that
32:37
Speaker 18: you're sort.
32:37
Speaker 8: Of the body gets the body.
32:38
Speaker 18: Yeah, it's yeah, I don't know. And so at that
32:41
Speaker 18: point you're talking about medical and medical intervention. But I
32:43
Speaker 18: reckon this generation of people because I read a lot
32:45
Speaker 18: about this and the generation of people. If you get
32:46
Speaker 18: in early, the stuff they know now about genes and
32:50
Speaker 18: turning genes on and off and stuff is incredible. And
32:53
Speaker 18: so if you get in early and you conduct your
32:55
Speaker 18: life in a way that you know aims at longevity.
32:57
Speaker 8: You'll you'll be away on.
32:58
Speaker 3: Every fine, But then you've got such an expensive retirement.
33:01
Speaker 3: I mean, if you retire at sixty five, if you
33:03
Speaker 3: may need, didn't come until you're ninety.
33:04
Speaker 18: See, that's the other part of it. No one's retiring
33:06
Speaker 18: in sixty five. No one's retired sixty five, And that's
33:09
Speaker 18: that's a big change. In fact, I know a guy
33:11
Speaker 18: who his father is ninety something now and he says
33:15
Speaker 18: his biggest regret said to his son, his biggest regrets
33:18
Speaker 18: to son sixty three. He said to his son, his
33:20
Speaker 18: biggest regret was retiring at sixty five, because he's been
33:22
Speaker 18: retired for thirty something years now and he's bought out
33:25
Speaker 18: of his brain.
33:26
Speaker 8: But he's still here exactly.
33:28
Speaker 18: And soon we want to work longer. You and I
33:30
Speaker 18: be here for another thirty forty years, right, yeah.
33:32
Speaker 3: Yeah or not.
33:35
Speaker 8: I don't know about that.
33:37
Speaker 11: Now.
33:37
Speaker 8: What have you got on the show today?
33:38
Speaker 18: Courts they're changing the rules. They've done a trial pilot
33:41
Speaker 18: worked well apparently judge only, so they're going to roll
33:43
Speaker 18: it out right around the country. Yeah, you can't get
33:45
Speaker 18: a jury for love nor money, as far as I
33:46
Speaker 18: can work out, you know, Jeremy Pitten.
33:48
Speaker 8: Yeah, he's in Oh lovely, he's here today. Yeah, big
33:52
Speaker 8: day on the Mike hosting Breakfast. See to him over.
33:55
Speaker 12: Runs Rules to the Gown.
34:07
Speaker 1: For more from Early Edition with Ryan Bridge, listen live
34:10
Speaker 1: to News Talks it Be from five am weekdays, or
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