Latest / Early Edition with Ryan Bridge / Full Show Podcast: 19 September 2024

Transcript

Full Show Podcast: 19 September 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 beds and the play at stores US talks.
• 0:15
  Speaker 2: It'd be good morning, great to have your company just
• 0:17
  Speaker 2: gone six after five on your Thursday morning, before six
• 0:20
  Speaker 2: o'clock this morning. How big was that recession in the
• 0:24
  Speaker 2: last quarter. We'll find out today. What does it mean
• 0:27
  Speaker 2: for your mortgage and why a fraction of a percent
• 0:30
  Speaker 2: could count July Sorry, the jury rather is out in
• 0:33
  Speaker 2: the Pokinghorn trial. What do they need to know in
• 0:37
  Speaker 2: order to convict him? We'll ask our court reporter, our
• 0:40
  Speaker 2: US correspondent looks at the White House, having no idea
• 0:45
  Speaker 2: about his spiller, the attack on his buller and the
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  Speaker 2: pages yesterday. It's all ahead.
• 0:52
  Speaker 3: The agenda.
• 0:54
  Speaker 2: It is Thursday, the nineteenth of August. First pages. Now
• 0:57
  Speaker 2: walky talkie is being used by Hezbela have exploded, killing
• 1:02
  Speaker 2: three people and injuring at least one hundred. This is
• 1:05
  Speaker 2: deepening the sense of insecurity that was very palpable in
• 1:11
  Speaker 2: the aftermath of yesterday's A pager of bombings. Ukraine has
• 1:16
  Speaker 2: conducted a drone attack against a Russian missile facility, causing
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  Speaker 2: a huge explosion in that facility three hundred and seventy
• 1:29
  Speaker 2: kilometers from the capital Moscow. The explosion was picked up
• 1:32
  Speaker 2: by a Norwegian earthquake monitoring agency, registering as a magnitude
• 1:37
  Speaker 2: three point two. Google is celebrating this morning. Google has
• 1:41
  Speaker 2: won an appeal against its two point six billion dollar
• 1:44
  Speaker 2: fine for blocking rivals from displaying search ads. Remember this
• 1:47
  Speaker 2: was going on in Europe. The European Commission, a court
• 1:50
  Speaker 2: in Europe, said they imposed the fine. They said they
• 1:53
  Speaker 2: committed errors in their assessment. The Commission says it's exploring
• 1:58
  Speaker 2: its next steps back home. Winston Peters had a bit
• 2:01
  Speaker 2: of a winge, a bit of a lash out in
• 2:03
  Speaker 2: Parliament yesterday, saying standards are dropping, taking aim at Tapati Maldi,
• 2:07
  Speaker 2: MP Takutai Ferris who read a speech off a laptop
• 2:11
  Speaker 2: in the space of just three years.
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  Speaker 4: The standards of this house of massive you decayed.
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  Speaker 3: The Murray Party in Green's Don't Know Stanning orders News
• 2:19
  Speaker 3: and Views you trust to start your day. It's early
• 2:22
  Speaker 3: edition with Ryan Bridge and Smith City, New Zealand's furniture
• 2:26
  Speaker 3: beds and a flying store.
• 2:27
  Speaker 2: News talk said be people are coming in here with
• 2:30
  Speaker 2: hats on and bare feet and all sorts of things.
• 2:33
  Speaker 2: It doesn't really bother me what people wear. I suppose it.
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  Speaker 2: It is nice to see people looking tidy in Parliament,
• 2:38
  Speaker 2: but I don't necessarily think everybody needs to be suit
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  Speaker 2: and tie. Nine two nine two is the number to text.
• 2:44
  Speaker 2: He does have a point on the standards more generally,
• 2:47
  Speaker 2: especially when it comes to question time. Oh my goodness, Hey,
• 2:51
  Speaker 2: two big things happening today. One is the Federal Reserve
• 2:54
  Speaker 2: in the United States. In fact, this is going to
• 2:56
  Speaker 2: happen in the next hour. I think in exactly an
• 2:59
  Speaker 2: hour from now, we will hear what their decision is
• 3:01
  Speaker 2: on a rate cut there. It's been four long years
• 3:05
  Speaker 2: since they last cut rates. And will it be a
• 3:07
  Speaker 2: quarter of a percent? Will it be half a percent?
• 3:10
  Speaker 2: And what will that mean? Could that drive up demand
• 3:12
  Speaker 2: for the New Zealand dollar. Could we see a bit
• 3:14
  Speaker 2: of a rally on the kiwi and the Australian dollar
• 3:17
  Speaker 2: this morning? We'll have to stay tuned and watch that one. Interestingly,
• 3:20
  Speaker 2: I was reading this morning The Wall Street Journal has
• 3:21
  Speaker 2: a piece retail assets in money market funds totaled two
• 3:25
  Speaker 2: point six trillion dollars last week. That was up from
• 3:29
  Speaker 2: one point five trillion in September of twenty twenty two.
• 3:32
  Speaker 2: So when the rates go up, that's where people put
• 3:35
  Speaker 2: their money, and there's going to be a lot of
• 3:37
  Speaker 2: that money floating around looking for a home once rates
• 3:40
  Speaker 2: start coming down. We've also got our GDP, but we'll
• 3:44
  Speaker 2: talk about that before four six. Lester Levy is a
• 3:47
  Speaker 2: part time commissioner. He is a part timer. Do we care?
• 3:53
  Speaker 2: Nine two ninety two the number to text at first?
• 3:55
  Speaker 2: Listen to Chippy. He's obviously upset.
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  Speaker 5: I don't think it's a part time role. I mean
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  Speaker 5: he is now responsible for running the entire hospital system
• 4:02
  Speaker 5: across the country.
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  Speaker 2: That is a full time job. I thought, Yeah, you've
• 4:06
  Speaker 2: got a point. Actually you should if this is your
• 4:09
  Speaker 2: big job. They've sacked the whole board. But he's not
• 4:12
  Speaker 2: running the Chibby says he's running the health system. He's not.
• 4:15
  Speaker 2: That's Margie upper He Lester Levy is a sit in
• 4:19
  Speaker 2: for the board who they've basically sacked because they were
• 4:22
  Speaker 2: all or they left because they didn't like what they
• 4:24
  Speaker 2: were doing, or they were useless, or a combination of both.
• 4:27
  Speaker 2: So if the chair of the board of Fonterra had
• 4:33
  Speaker 2: another job. Would you be surprised? No, because when you're
• 4:37
  Speaker 2: on boards, you have multiple directorships and you know you
• 4:40
  Speaker 2: do it. But if you're running the places the CEO,
• 4:43
  Speaker 2: if the CEO of Fonterra was part time at Packinsafe,
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  Speaker 2: you'd be asking questions. So I'm split on this one.
• 4:50
  Speaker 2: I'm split. He has been paid three hundred and twenty
• 4:53
  Speaker 2: one thousand dollars a year and he's doing two days
• 4:55
  Speaker 2: a week at universities teaching students about it or something.
• 5:00
  Speaker 2: Nine two nine two. Would love your views on that.
• 5:02
  Speaker 2: This morning is just gone eleven minutes after five.
• 5:05
  Speaker 3: Bryan Bridge.
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  Speaker 2: And some good news as we go to the break.
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  Speaker 2: We are feeling more optimistic as we look ahead to
• 5:15
  Speaker 2: the GDP data out today. We are feeling good. According
• 5:19
  Speaker 2: to the latest west Pac Mcdermocmiller Consumer Confidence Index, it
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  Speaker 2: was up nine points to ninety point eight in the
• 5:25
  Speaker 2: September quarter. It's still low but slightly up, so we'll
• 5:29
  Speaker 2: take that win. Yeah. A net fourteen percent of respondents
• 5:35
  Speaker 2: say they expect to be worse off financially in the
• 5:37
  Speaker 2: next year, but that is down from a net thirty
• 5:40
  Speaker 2: percent who felt that way in the June quarter. So
• 5:44
  Speaker 2: that's good news. What we want today actually is a
• 5:48
  Speaker 2: bad GDP number between you and me. We want a
• 5:51
  Speaker 2: bad GDP number because then Adrian All will have to
• 5:54
  Speaker 2: cut the rates sooner and then Tory Farno can buy
• 5:58
  Speaker 2: her carback.
• 6:05
  Speaker 3: The news you need this morning and the in depth
• 6:08
  Speaker 3: analysis early edition with Ryan Bridge and swith City, New
• 6:12
  Speaker 3: Zealand's furniture Beds and a playing store.
• 6:14
  Speaker 2: News Talks'd be fourteen after five on News Talks B
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  Speaker 2: and Z and their view on what will happen with
• 6:19
  Speaker 2: GDP today coming your way just before six o'clock. Also,
• 6:23
  Speaker 2: there is an asteroid. I feel like we've done a
• 6:25
  Speaker 2: lot of space news lately, a lot. There is an
• 6:27
  Speaker 2: asteroid the size of a stadium and another one the
• 6:30
  Speaker 2: size of a skyscraper currently hurtling towards us, So stand
• 6:35
  Speaker 2: by for that fourteen after five. Retail crime up eighty
• 6:39
  Speaker 2: six percent in the last five years. There are members
• 6:42
  Speaker 2: of the Ministerial Advisory Group aiming to fix that that
• 6:45
  Speaker 2: have been named reps from Retailing, Zed Food Staff's Michael Hill.
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  Speaker 2: They're all involved. Ash Palmer, who was an AT Party candidate,
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  Speaker 2: and Sunny Kaschell's obviously in their two Carolyn Young is
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  Speaker 2: on there on the Advisory Group Retailians Chief Zive and
• 7:01
  Speaker 2: she joins me this morning. Carolyn, good morning, whatever, Ryan,
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  Speaker 2: thank you for being with me. Are you worried this
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  Speaker 2: will be just another working group that gets nothing done?
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  Speaker 6: Absolutely not. No, We're really determined to make a difference
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  Speaker 6: and we're all actively involved in retail so understand the
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  Speaker 6: impacts that retail crime has been having on businesses and
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  Speaker 6: their staff and wanting to make sure that we can
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  Speaker 6: provide a safe environment for staff to go to work
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  Speaker 6: and for customers to enjoy being able to come into
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  Speaker 6: the stores.
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  Speaker 2: One of the issues you're going to look at is
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  Speaker 2: the security guards. Are you going to tackle this issue? Literally?
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  Speaker 2: Do you think we should empower security guards to actually
• 7:41
  Speaker 2: go after shoplifters and get them on the ground until
• 7:44
  Speaker 2: the cops come.
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  Speaker 6: Look, there's a wide variety of issues that will be canvassing,
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  Speaker 6: and people's got very different views because businesses use security
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  Speaker 6: guards in different ways, and so we need to actually understand.
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  Speaker 2: What's you Caaren viewing on that well.
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  Speaker 6: Retail in New Zealander. We've got a working group that
• 8:04
  Speaker 6: we're working on and we'll be consulting back into the
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  Speaker 6: Ministry Advisory Group. There's a balance around what you can
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  Speaker 6: do because when you think about, you know, your word
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  Speaker 6: through tackling estenders. I mean, that's a really difficult thing
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  Speaker 6: to do, and you have to be highly trained to
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  Speaker 6: be able to do that. If you're going to hold
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  Speaker 6: on to somebody, you need somewhere to be safe to
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  Speaker 6: be able to do that. So there's a lot of
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  Speaker 6: things to take into account. We need to ensure that
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  Speaker 6: security guards are better trained and have greater resources, that
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  Speaker 6: they can have skills that they.
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  Speaker 2: Can sounds to me like that we won't be tackling shoplifters.
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  Speaker 6: Yeah, I don't think we'll be tackling shoplifters.
• 8:45
  Speaker 2: That's all right. Hey, what about I'm interested in the
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  Speaker 2: facial tech recognition technology. If I steal something, you know,
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  Speaker 2: my face? What happens if I try and enter the
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  Speaker 2: store again? You know, because obviously you're not going to
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  Speaker 2: tackle me. So and I'm trying to get an do
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  Speaker 2: the doors close automatically? How does that work?
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  Speaker 4: So?
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  Speaker 6: How it works as facial recognition is loads up people that,
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  Speaker 6: as you say, have offended in the store, and the
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  Speaker 6: stores have got a photo of that person who's offended
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  Speaker 6: or been trespassed from the store. There's only a couple
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  Speaker 6: of cameras at the entry of the store, they capture
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  Speaker 6: image of somebody that's against that photo. Then the assessment
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  Speaker 6: is done to ensure is that the same person, because
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  Speaker 6: obviously people look differently on different days, And then the
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  Speaker 6: store can determine a range of ways in which they
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  Speaker 6: can intervene or not. So they might actively intervene. They
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  Speaker 6: might go and talk to the person and say, hey,
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  Speaker 6: Carolyn Young, you know you're not meant to be in
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  Speaker 6: the store. You've been trespassed in. The store would really
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  Speaker 6: ask you kindly to leave. And the police will tell
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  Speaker 6: you eight percent of the time when you actually go
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  Speaker 6: and approach an offender and someone that's not meant to
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  Speaker 6: be there, they will turn around and walk out. There'll
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  Speaker 6: be no further interaction.
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  Speaker 2: And the rest of the rest you've got to tackle.
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  Speaker 6: You might also just decide to monitor that person in
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  Speaker 6: the store, so you might just observe what they're doing,
• 10:14
  Speaker 6: and knowing who's in the store and the types of
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  Speaker 6: offenses that have done before actually gives the staff and
• 10:21
  Speaker 6: the store more confidence that they can manage that potential
• 10:24
  Speaker 6: interaction that's going to happen. So you've caught one steper
• 10:27
  Speaker 6: here because you've you know that you've had an alert
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  Speaker 6: that's identified you of a person that's in the store
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  Speaker 6: that has either been violent or sole and stuff.
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  Speaker 2: And I guess that then all the staff will know
• 10:37
  Speaker 2: that as well, right, Carolyn, thank you very much for
• 10:40
  Speaker 2: joining us this morning. Carolyn Young Retailing is the chief
• 10:42
  Speaker 2: executive on this group, which she says is not just
• 10:45
  Speaker 2: another working group. It will get something done. We will
• 10:47
  Speaker 2: follow up on progress from that particular group, that advisory
• 10:51
  Speaker 2: group to the minister. It is nineteen minutes after five.
• 10:54
  Speaker 2: Coming up next the Polkinghorn trial. The jury is out.
• 10:59
  Speaker 2: What do they need to see today for a potential
• 11:03
  Speaker 2: verdict potential conviction of Philip Polkinghorn by the end of
• 11:08
  Speaker 2: the day.
• 11:09
  Speaker 3: The first word on the News of the Day early
• 11:12
  Speaker 3: edition with Ryan Bridge and Smith City, New Zealand's furniture
• 11:16
  Speaker 3: beds and a play at store News Talk SIVV.
• 11:18
  Speaker 2: Twenty one minutes after five, News Talk said, b we
• 11:21
  Speaker 2: are going to the United States. Our US correspondent will
• 11:24
  Speaker 2: be with us after the news At five point thirty,
• 11:26
  Speaker 2: What did the White House know about the Hisbilla Page's
• 11:31
  Speaker 2: attack that was imminent. What did Israel tell them about that?
• 11:34
  Speaker 2: We'll look at that shortly. Right now though here in
• 11:36
  Speaker 2: New Zealand, the fate of Philip Polkinghorn now lies in
• 11:40
  Speaker 2: a jury of eight women and three men. We could
• 11:43
  Speaker 2: have a verdict by today or in the next couple
• 11:45
  Speaker 2: of days. And the murder trial over the death of
• 11:47
  Speaker 2: his wife, Pauline Hannah in twenty twenty one, seven weeks
• 11:51
  Speaker 2: eighty witnesses. The jury is out for deliberation and Craig
• 11:55
  Speaker 2: Capitana is with us. He's the New Zealand Herald Court reporter.
• 11:58
  Speaker 2: Craig Good morning morning, Ryan, how are you very well?
• 12:01
  Speaker 2: Thanks for being with me. What is this jury deciding on? Basically?
• 12:06
  Speaker 2: Is it essentially was this murder or was this suicide?
• 12:12
  Speaker 6: Yeah?
• 12:12
  Speaker 4: The Crown says this is a very binary decision. The facts,
• 12:17
  Speaker 4: the way the house was found, they really only have
• 12:19
  Speaker 4: two decisions. Is a murder or suicide.
• 12:23
  Speaker 2: Is and if there's a chance that this was suicide.
• 12:27
  Speaker 2: Are they not able to find Philip Pulkinghorn guilty of murder?
• 12:34
  Speaker 4: Well, they do have a lesser charge then they can
• 12:37
  Speaker 4: vote on, which is manslaughter, But that hasn't really been
• 12:40
  Speaker 4: discussed by the crown or the defense and closing arguments,
• 12:45
  Speaker 4: So that's more of a technicality. Really, I would imagine
• 12:49
  Speaker 4: they will definitely be coming back with a guilty or
• 12:54
  Speaker 4: not guilty to murder it it appears, and if it's
• 12:57
  Speaker 4: not guilty, there's a very good chance he'll be walking
• 12:59
  Speaker 4: out of the court.
• 13:00
  Speaker 2: Right and that could be happening as early today. I mean,
• 13:03
  Speaker 2: it's a stupid question to ask, how long do you
• 13:05
  Speaker 2: deliberate for? How long is a pace of straight.
• 13:08
  Speaker 4: Yeah, it's anybody's guess. But if I had, if I
• 13:14
  Speaker 4: had to guess, i'd say it's not going to be quick.
• 13:17
  Speaker 4: But that comes with the caveat that I'm almost one
• 13:19
  Speaker 4: hundred percent wrong on these guesses, so who knows.
• 13:23
  Speaker 2: I appreciate honesty.
• 13:25
  Speaker 4: Yeah, if they do go past today, court won't be
• 13:28
  Speaker 4: sitting tomorrow, so we'll stretch into week nine. If if
• 13:33
  Speaker 4: it takes more than a day.
• 13:34
  Speaker 2: Took us through the unanimous versus majority verdict, what what
• 13:39
  Speaker 2: you need to get and how that operates.
• 13:42
  Speaker 4: Well, Uh, they're gonna have to sit and work towards
• 13:46
  Speaker 4: an unanimous for for quite a while. That's I think
• 13:51
  Speaker 4: the minimum is four hours, but usually it's much longer.
• 13:55
  Speaker 4: If they can't make a decision by then, the judge
• 13:58
  Speaker 4: will give them a direction that they can. At some
• 14:04
  Speaker 4: point they can have a unanimous for adicting Stead, which
• 14:07
  Speaker 4: only allows one person to dissent. So sorry, that was
• 14:11
  Speaker 4: twelve jurors, but one juror was dismissed a couple weeks
• 14:15
  Speaker 4: ago because this trial has run so long, So we
• 14:18
  Speaker 4: have eleven jurors. Now, technically we could have a ten
• 14:23
  Speaker 4: to one vote for guilty or not guilty and with
• 14:26
  Speaker 4: the good gil, but that's going to be a little
• 14:29
  Speaker 4: bit down the track.
• 14:29
  Speaker 2: Yeah, And if that's not possible, then we get to
• 14:31
  Speaker 2: a hung jury, and then we get to a potential retrial,
• 14:34
  Speaker 2: don't we. We're in that territory.
• 14:36
  Speaker 4: Yeah, still remind me of that.
• 14:39
  Speaker 2: Craig, thank you very much for that. Great to understand
• 14:41
  Speaker 2: and talk through exactly what people can expect from this decision,
• 14:44
  Speaker 2: which we, as you say, may get today, may get
• 14:46
  Speaker 2: next week. Craig Capitan with US New Zealand Herald Court
• 14:49
  Speaker 2: reporter covering the Polkinghorn trial. It is twenty five minutes
• 14:53
  Speaker 2: after five loads of your feedback coming in on Lester
• 14:56
  Speaker 2: Levy will get to that shortly.
• 14:58
  Speaker 3: The early edition show podcast on iHeartRadio powered by News
• 15:03
  Speaker 3: Talks AV.
• 15:04
  Speaker 2: People are talking about Tory Farno one hundred and ninety
• 15:07
  Speaker 2: thousand dollars a year, having to sell a car just
• 15:09
  Speaker 2: to get by, and I don't want to talk about
• 15:11
  Speaker 2: her and her personal finances. Frankly, this is about us.
• 15:15
  Speaker 2: This is about us, the voters, the taxpayers, the ratepayers.
• 15:18
  Speaker 2: We're all forced on this ship being sailed by captains
• 15:23
  Speaker 2: that half of us didn't vote for, and what can
• 15:25
  Speaker 2: sometimes feel a little bit like the Titanic. And we
• 15:28
  Speaker 2: can all work more to get more. This is salary
• 15:32
  Speaker 2: and wages, wealth. We can all work more to get more.
• 15:35
  Speaker 2: We can work smarter, we can invest more, we can
• 15:37
  Speaker 2: grow our eggs a little bit more, and many of
• 15:39
  Speaker 2: us do. The media net worth of a Kiwi household
• 15:42
  Speaker 2: in twenty twenty one was around four hundred thousand dollars.
• 15:45
  Speaker 2: And some people take great risks to grow theirs and
• 15:48
  Speaker 2: they deserve the rewards of that. Many of us fail
• 15:53
  Speaker 2: in business, and we don't talk about that much. Many
• 15:56
  Speaker 2: have mortgage their family homes and you'll find them inside
• 15:59
  Speaker 2: there at nighttime, light on in the bedroom, not sleeping
• 16:02
  Speaker 2: with the stress of how they're going to make it work,
• 16:04
  Speaker 2: how they're going to keep the lights on, how they're
• 16:05
  Speaker 2: going to innovate, keep staff on, hire more staff, etc.
• 16:08
  Speaker 2: Others with one, two, three jobs to improve their lot.
• 16:11
  Speaker 2: And most people aspire to create more wealth, not out
• 16:15
  Speaker 2: of sheer selfishness. Well some do, sure, but for most
• 16:18
  Speaker 2: of us it's about providing for their families, leaving something
• 16:21
  Speaker 2: behind for their kids, and being set up so that
• 16:24
  Speaker 2: their husband or wife is taken care of if they
• 16:27
  Speaker 2: are to die early. And for most of us, wealth
• 16:30
  Speaker 2: is not evil. It's actually an act of loving those
• 16:34
  Speaker 2: people around you, those people you care about, which is
• 16:37
  Speaker 2: why when politicians come knocking at the door demanding a
• 16:41
  Speaker 2: so called wealth tax, or that the wealthy pay more,
• 16:44
  Speaker 2: not just income tax, but those imaginary wealth taxes too,
• 16:48
  Speaker 2: we get so touchy about it, don't we. We're like
• 16:52
  Speaker 2: when my dog's eating dinner and I try and approach it.
• 16:56
  Speaker 2: That's how we feel. As a collective get away, it's mine,
• 17:00
  Speaker 2: hands off. The irony in this is that Tory Farner
• 17:03
  Speaker 2: is part of the Greens who advocate for exactly this
• 17:06
  Speaker 2: type of approach. They say tax is love, not wealth
• 17:10
  Speaker 2: is love, and sure, when money is well spent and
• 17:13
  Speaker 2: services delivered. Maybe tax is love, but cycle bridges to
• 17:17
  Speaker 2: know where half million dollar bike racks, contractor and consultant
• 17:22
  Speaker 2: money scrambles. They don't feel like love to me. They
• 17:25
  Speaker 2: feel more like abuse. Bryan Bridge, twenty nine minutes after
• 17:29
  Speaker 2: five nineteen ninety two is the number for your feedback
• 17:32
  Speaker 2: this morning? Is there anything wrong with wealth? Is there
• 17:36
  Speaker 2: anything wrong with Tory Farner winning one hundred?
• 17:40
  Speaker 3: Get ahead of the headlines, Ryan Bridge, You for twenty
• 17:43
  Speaker 3: twenty four on early edition with Smith City, New Zealand's
• 17:47
  Speaker 3: furniture beds and a play at store News Talk.
• 17:49
  Speaker 2: Sid be Good Morning, New Zealand. Twenty four minutes away
• 17:58
  Speaker 2: from six two big story coming your way today. One
• 18:01
  Speaker 2: is the Federal Reserve in the United States is tipped
• 18:04
  Speaker 2: to in the next half hour cut interest rates for
• 18:07
  Speaker 2: the first time in four years in the world's largest economy.
• 18:10
  Speaker 2: What doll it mean for us? What doll it mean
• 18:12
  Speaker 2: for our dollar? We've got a US correspondent on the
• 18:14
  Speaker 2: line in a few moments time. Also here in New Zealand,
• 18:17
  Speaker 2: Quarter two GDP out today we're looking back. How much
• 18:20
  Speaker 2: did we grow by? And does a fraction of a
• 18:23
  Speaker 2: percent difference mean we might get more rate cuts, more
• 18:28
  Speaker 2: mortgage relief from Adrian or here we'll tell you with
• 18:31
  Speaker 2: the bnzchief economist Mike Jones before Sex. Right now, though,
• 18:34
  Speaker 2: can you just breathe a sigh of relief because we
• 18:38
  Speaker 2: narrowly escaped death last night while everyone was sleeping. This
• 18:42
  Speaker 2: is a stadium sized asteroid. This is a report from
• 18:45
  Speaker 2: the BBC, A stadium sized asteroid and another the size
• 18:48
  Speaker 2: of a skyscraper, big enough to destroy an entire city. Well,
• 18:54
  Speaker 2: they just cruised on by Earth didn't hit us, which
• 18:58
  Speaker 2: is good to know. I'm just wondering is it worth
• 19:02
  Speaker 2: reporting this. I mean, obviously, now that we're safe, I'm
• 19:05
  Speaker 2: telling you you know that was a stressful sleep. But
• 19:09
  Speaker 2: if we can't actually do anything about it, do you
• 19:12
  Speaker 2: want to be told you know? Or would you rather
• 19:16
  Speaker 2: it just comes down, bang, it's all over and you
• 19:19
  Speaker 2: were none the wiser. Personally, I prefer the latter. NASA
• 19:23
  Speaker 2: says we would need many years of warning to divert
• 19:26
  Speaker 2: a catastrophic asteroid strike, So I say, NASA, next time
• 19:30
  Speaker 2: you see one, just keep it to yourselves. Twenty two
• 19:33
  Speaker 2: away from Sex, Bryan Bridge going to our reporters around
• 19:36
  Speaker 2: the country, Calm proctors and toned in first. Colum high
• 19:39
  Speaker 2: water levels causing concern at a lagoon in Southland. Yeah,
• 19:43
  Speaker 2: this is why Tuna Lagoon.
• 19:45
  Speaker 1: Ryan.
• 19:46
  Speaker 5: It's currently around two and a half meters above its
• 19:49
  Speaker 5: regular height and so it's having an impact on surrounding roads,
• 19:54
  Speaker 5: paddocks and farming activities in the area.
• 19:57
  Speaker 2: This is just south of Vicargo. The lagoon.
• 19:59
  Speaker 5: Environment South Than says it's actively monitoring the levels and
• 20:02
  Speaker 5: assessing the options to open it up through to the sea.
• 20:06
  Speaker 5: Any opening needs to be through emergency powers under the
• 20:09
  Speaker 5: Resource Management Act, which is held by Environments South and
• 20:13
  Speaker 5: there's also an ongoing consent process here for the longer
• 20:16
  Speaker 5: term approach to y Turner Lagoon.
• 20:19
  Speaker 2: All right, how's your weather today, Colum.
• 20:21
  Speaker 5: Afternoon shower, some possibly heavy westerlies and seventeen today.
• 20:25
  Speaker 2: Have a great day, Claire sherwoods and Christs this morning, Claire.
• 20:28
  Speaker 2: Relief over that Sinlane deal.
• 20:31
  Speaker 7: Yeah, this was a big story for us yesterday. Ryan shareholders,
• 20:33
  Speaker 7: of course, voted to approve a two hundred and eighteen
• 20:36
  Speaker 7: million dollar capital injection for Sinlay that comes from its
• 20:40
  Speaker 7: two largest shareholders, A two Milk and Bright Dairy. The
• 20:44
  Speaker 7: company's farmer supplier base had handed in cessation notices. They
• 20:48
  Speaker 7: were ultimately saying it was affecting milk supply from twenty
• 20:51
  Speaker 7: twenty six if not withdrawn. Former Federated Farmer's Chair Dairy
• 20:56
  Speaker 7: Chair and one of Senley's biggest suppliers, Willie Levering says
• 21:00
  Speaker 7: this is great news for the wider Canterbury region. He
• 21:03
  Speaker 7: says it's a big employer in Canterbury. In fact, I
• 21:06
  Speaker 7: think they have fourteen hundred staff. So it's really good
• 21:08
  Speaker 7: to see this light at the end of this tunnel.
• 21:10
  Speaker 2: Totally weather today clear.
• 21:12
  Speaker 7: Mainly fine with high cloud. Could be a shower or
• 21:14
  Speaker 7: two a bit later. Northeasterly is turning northwest from around
• 21:18
  Speaker 7: to midday. A warm one though, eighteen degrees brilliant.
• 21:21
  Speaker 2: Thank you Max Tols and Wellington Max. The woman who
• 21:24
  Speaker 2: attacked and enzid meat report has being jailed.
• 21:27
  Speaker 6: Yeah.
• 21:27
  Speaker 8: This is Rosie Modonga, who is also a person of
• 21:30
  Speaker 8: interest in the baby rou A death a case. She's
• 21:35
  Speaker 8: admitted eighteen other charges including assault, theft, wilful damage shoplifting
• 21:39
  Speaker 8: in the hut Valley District Court. She also late last
• 21:42
  Speaker 8: year after a court appearance, assaulted a reporter from our
• 21:46
  Speaker 8: newsroom as she left court. She spat on her, yanked
• 21:49
  Speaker 8: her hair, punched her several times. Our reporter dropped her bag.
• 21:54
  Speaker 8: During the assault, her phones, bank cards spilled out. They
• 21:57
  Speaker 8: were stolen used to buy spirits and artie des at
• 22:00
  Speaker 8: a nearby liquor store. In mentioning that assault, the judge
• 22:05
  Speaker 8: said the reporting of court events is vital for democracy.
• 22:09
  Speaker 8: In terms of the baby root case, no outcome in
• 22:11
  Speaker 8: that yet after some time. Modunger, of course, living in
• 22:15
  Speaker 8: the same house in Tita with Ru's mother.
• 22:17
  Speaker 2: Storm goodness may house your weather today max.
• 22:21
  Speaker 8: Cloudy period's the odd shower this afternoon, stronger northerlyast fourteen
• 22:25
  Speaker 8: the high central.
• 22:26
  Speaker 2: Thank you very much. Neva is in Auckland this morning.
• 22:29
  Speaker 2: Good morning, Neva.
• 22:30
  Speaker 9: Morning.
• 22:30
  Speaker 2: So what's going on with the blanket speed increases?
• 22:34
  Speaker 9: Yeah, now look this is interesting, A planning expert says.
• 22:37
  Speaker 9: The government's blanket speed increases now they're being opposed by Auckland.
• 22:40
  Speaker 9: So a report, this is from Auckland Transport and it
• 22:43
  Speaker 9: shows forty six percent and this is the five hundred
• 22:47
  Speaker 9: residents it was surveyed, are in favor of speed reductions.
• 22:51
  Speaker 9: And this is versus thirty eight percent against three quarters
• 22:55
  Speaker 9: would accept some increase in travel time on a twenty
• 22:58
  Speaker 9: minute trip, if it helped me travels safer.
• 23:01
  Speaker 2: I don't believe any of this.
• 23:02
  Speaker 9: Neither you would say that you're thinking five hundred people survey,
• 23:07
  Speaker 9: does that all.
• 23:08
  Speaker 2: That's statistically relevant? I don't know. I don't know. I
• 23:13
  Speaker 2: don't know, because it depends on the question.
• 23:14
  Speaker 9: They ask, well, yes, well there you go. And so
• 23:17
  Speaker 9: Tim Welch, he's the Auckland University senior planning lecturer. He's saying,
• 23:21
  Speaker 9: look the story that Simmy and Brown's been saying, people
• 23:24
  Speaker 9: overwhelmingly want to see faster roads, but the data just
• 23:26
  Speaker 9: doesn't show that. That's what he's saying. You know why,
• 23:29
  Speaker 9: I'll say something else. I went to the supermarket yesterday and.
• 23:35
  Speaker 2: Am not saying to you.
• 23:37
  Speaker 9: When I went in there, I thought, yeah, I couldn't
• 23:39
  Speaker 9: believe it. But they were having they were selling center chocolate,
• 23:43
  Speaker 9: marshmallow Center Christmas. You know, chocolate's already September. I couldn't
• 23:47
  Speaker 9: believe that.
• 23:48
  Speaker 2: That is early. That is early.
• 23:49
  Speaker 9: And someone in the news room was saying, Camar selling
• 23:53
  Speaker 9: Christmas pajamas already, that's too early September.
• 23:57
  Speaker 2: Come on, I think it's pajamas are and I've never
• 24:00
  Speaker 2: worn pajamas personally.
• 24:02
  Speaker 10: Shut up.
• 24:03
  Speaker 2: Do you wear pajamas around the house?
• 24:05
  Speaker 9: Don't you wear around the house? I mean sometimes in winter.
• 24:08
  Speaker 9: I was staying pajamas for like days, days, and I
• 24:12
  Speaker 9: was thinking, one seed, what do you not? You know?
• 24:14
  Speaker 4: Do you not have.
• 24:16
  Speaker 2: Birthday? I must pray your one November November. I look
• 24:19
  Speaker 2: forward tom here.
• 24:22
  Speaker 10: That's why we get on with school.
• 24:23
  Speaker 2: What date?
• 24:24
  Speaker 3: No?
• 24:24
  Speaker 8: What dates?
• 24:25
  Speaker 2: You wait? Do you say nine sixteen?
• 24:29
  Speaker 4: Oh?
• 24:29
  Speaker 9: Really?
• 24:30
  Speaker 2: Anyway we go, we're getting carried away. Yes, how's the
• 24:33
  Speaker 2: weather today?
• 24:34
  Speaker 9: I was gonna say strong, wisterly, strong wisterlies. We're talking
• 24:37
  Speaker 9: in this morning, and I have to say we've got showers.
• 24:40
  Speaker 9: But nz TA sees that from three pm and seven
• 24:43
  Speaker 9: pm this afternoon, watch out for those winds and lanes
• 24:47
  Speaker 9: and speeds. Guess where Harbor Bridge Bridge may be impacted.
• 24:51
  Speaker 2: Eighteen high scorpios. Nice, nice people, cross us. There's a
• 24:57
  Speaker 2: sting in that table that's right fourteen away from six.
• 25:01
  Speaker 2: We're getting to our US correspondent in just a second
• 25:03
  Speaker 2: for some of your texts this morning. Interesting, we avoided
• 25:06
  Speaker 2: an asteroid, by the way, narrowly avoided an asteroid on
• 25:09
  Speaker 2: Earth overnight. The size of a football stadium could have
• 25:12
  Speaker 2: wiped out an entire city apparently, as somebody here says,
• 25:16
  Speaker 2: that was live streamed on YouTube. Okay, so it must
• 25:21
  Speaker 2: have been close. I was going to say, let's get
• 25:22
  Speaker 2: the audio, but I doubt they miked up the asteroid,
• 25:24
  Speaker 2: did they? And this from John who says sorry. Simon says,
• 25:30
  Speaker 2: I'm a courier driver and we're already delivering the artificial
• 25:34
  Speaker 2: Christmas trees to people and businesses. It is September fourteen to.
• 25:39
  Speaker 3: Six International correspondence with Ends and Eye Insurance, Peace of
• 25:43
  Speaker 3: mind for New Zealand business.
• 25:46
  Speaker 2: Big story today the US vigual Reserve going to lower
• 25:48
  Speaker 2: interest rates inside the next half hour. Benji Higher is
• 25:51
  Speaker 2: with US, our US correspondent, Benji what are they picking?
• 25:55
  Speaker 10: Well, we don't know yet, but it's going to be
• 25:58
  Speaker 10: lower than what it was, which has been a a
• 26:00
  Speaker 10: very high level, the highest in decades, five points three percent.
• 26:05
  Speaker 10: It's been hovering around and it's going to drop. And
• 26:07
  Speaker 10: it's going to drop because the inflation numbers have improved
• 26:11
  Speaker 10: so drastically in the United States. Now this is a
• 26:15
  Speaker 10: crucial announcement both in the United States but also around
• 26:18
  Speaker 10: the world. We'll take the US. First, it is the
• 26:21
  Speaker 10: last time that America's Central Bank will be able to
• 26:25
  Speaker 10: make a change to the interest rate to burrowing costs
• 26:28
  Speaker 10: before November's election between Kamala Hawris and Donald Trump. And
• 26:32
  Speaker 10: this of course an indication that the economy from the
• 26:36
  Speaker 10: inflation front, which has been a big issue in this election,
• 26:39
  Speaker 10: is improving. That is a boost then for the vice president,
• 26:43
  Speaker 10: but of course still a few weeks to go to
• 26:45
  Speaker 10: find out what sort of impact it might have on growth,
• 26:48
  Speaker 10: which of course could play into the hands potentially of
• 26:51
  Speaker 10: former President Donald Trump. The reason this matter is beyond
• 26:54
  Speaker 10: these shores, even though of course it is Americans who
• 26:57
  Speaker 10: will be most affected by the Church change, that there
• 27:00
  Speaker 10: are central banks the world over that are tied to
• 27:03
  Speaker 10: the dollar, and so their economies will be impacted too.
• 27:07
  Speaker 10: And lower interest rates, which we think will be the
• 27:10
  Speaker 10: outcome when the decision is made very shortly, will also
• 27:13
  Speaker 10: affect how investors across the planet will invest in, you know,
• 27:19
  Speaker 10: for example stocks over savings accounts. So this is a
• 27:23
  Speaker 10: significant decision and we think it will be lowered by
• 27:27
  Speaker 10: probably quarter percent, maybe even a half a percent. And again,
• 27:30
  Speaker 10: as I said the last time, that that would happen
• 27:32
  Speaker 10: before Americans go to the polls.
• 27:34
  Speaker 2: Yeah, we're going to check in with Mike Jones be
• 27:35
  Speaker 2: and Z chief economist, and just a second on what
• 27:37
  Speaker 2: that rate cut over in the States might mean for
• 27:39
  Speaker 2: us here. Very quickly though the White House, were they
• 27:43
  Speaker 2: aware of it's allegedly Israel behind the attack on his
• 27:48
  Speaker 2: the pages? Did the White House know in advance?
• 27:51
  Speaker 10: They said not, And that even more remarkable given the
• 27:54
  Speaker 10: fact that one of the Biden administration's senior advisors has
• 27:58
  Speaker 10: been in the Middle East trying to sort of cease
• 28:01
  Speaker 10: fire for Gaza. That is an addition to the U
• 28:03
  Speaker 10: s Secretary of State Anthony Blincoln, who's in Egypt again
• 28:07
  Speaker 10: holding tours, none top talks, None of them were made aware.
• 28:10
  Speaker 10: There was a very brief phone call between Israel's defense
• 28:14
  Speaker 10: secretary and America's Defense Secretary, Lloyd Austin, literally minutes before
• 28:18
  Speaker 10: those pages started exploding, and in it Israel we're told
• 28:23
  Speaker 10: explain to the United States that they will be conducting
• 28:26
  Speaker 10: an operation in Lebanon soon, but no details were shared.
• 28:29
  Speaker 10: And of course, there had been developments in past hours
• 28:31
  Speaker 10: two where there had been even more explosions, this time
• 28:34
  Speaker 10: of walky talkies across the country, so clearly still not
• 28:39
  Speaker 10: the end of that.
• 28:39
  Speaker 2: Story, absolutely, Binji, Thank you for that, Binji. Hire our
• 28:42
  Speaker 2: US correspondent just gone eleven minutes now, ten minutes away
• 28:45
  Speaker 2: from six and Bridge Rich quarter to two GDP numbers
• 28:49
  Speaker 2: out today they are looking backwards, how much did we
• 28:52
  Speaker 2: grow by as an economy or not. We're joined by
• 28:56
  Speaker 2: Mike Jones being Z in chief Economists. Good morning, Mike,
• 29:00
  Speaker 2: so am Z says back point one, ASB back point
• 29:04
  Speaker 2: three west Pac point four. What are you saying, Well, we.
• 29:08
  Speaker 11: Don't think we're going to have for pretty reading. Our
• 29:10
  Speaker 11: pickers are point four percent contraction over the court. So yeah,
• 29:15
  Speaker 11: pretty grim reading. And if we're right on that, that
• 29:17
  Speaker 11: would be the fifth quarterly contraction out of the last seven.
• 29:22
  Speaker 11: So very much in keeping with this idea that we've
• 29:24
  Speaker 11: been in a role in recession for almost two years
• 29:27
  Speaker 11: now and.
• 29:28
  Speaker 2: We're really feeling it. How important is the size of
• 29:32
  Speaker 2: this recession? You know, if if it's nearly a full percent,
• 29:38
  Speaker 2: I mean obviously the Reserve Bank saying half a percent,
• 29:40
  Speaker 2: your same point four. If it was one percent, would
• 29:43
  Speaker 2: we see the Reserve Bank cutting rates? You know, bigger sooner.
• 29:48
  Speaker 11: It's possible. Look as you said, the Reserve Bank has
• 29:51
  Speaker 11: braced for a pretty nasty numb're already they've got a
• 29:54
  Speaker 11: point five percent decline baked into their numbers. That's a
• 29:57
  Speaker 11: bit weekend than what we've got and probably the consensus
• 29:59
  Speaker 11: is well. So it would take a real clanger, I think,
• 30:02
  Speaker 11: to throw the Reserve Bank off its stride. And there's
• 30:06
  Speaker 11: a matter of volatile so we'll just have to see
• 30:08
  Speaker 11: what we get. Probably today that the bigger piece of
• 30:11
  Speaker 11: news for interest rates in New Zealand and the Reserve
• 30:14
  Speaker 11: Bank may well be what the US Fed A Reserve
• 30:16
  Speaker 11: does with interest rates in just a few moments totally.
• 30:20
  Speaker 2: We're all standing by for that. Mike Hoskins Show will
• 30:23
  Speaker 2: have coverage of that after six o'clock obviously once the
• 30:25
  Speaker 2: decisions out. But how might that affect us, Well.
• 30:31
  Speaker 11: We've obviously started the process of off cutting rates already.
• 30:33
  Speaker 11: The Reserve Bank has lower rates in August. This will
• 30:36
  Speaker 11: be the first cut from the US so we ultimately
• 30:40
  Speaker 11: go our own way on instrates. The Reserve Bank would
• 30:43
  Speaker 11: be very would be the first to say that, but
• 30:46
  Speaker 11: feder reserves still very influential for interest rates. Interest rates
• 30:51
  Speaker 11: in New Zealand have been falling wholesale rates over the
• 30:55
  Speaker 11: past couple of weeks. As we sort of look ahead
• 30:57
  Speaker 11: and baking in what's going on in the US, look
• 31:00
  Speaker 11: Bed decides to get aggressive and cut take fifty points. Well,
• 31:05
  Speaker 11: that may just put a bit more pressure on in
• 31:07
  Speaker 11: districts in this part of the world, and may just
• 31:11
  Speaker 11: embolden that the reserve back here and is Zealand to
• 31:13
  Speaker 11: do the same.
• 31:15
  Speaker 2: Interesting, Mike, thank you for that, Mike Jones, Benz Chief Economists.
• 31:18
  Speaker 2: That sped decision out now in about eight minutes and
• 31:21
  Speaker 2: the GDP data out later this morning.
• 31:23
  Speaker 3: Ryan Bridge, I want to be a billionaire, so freaking back.
• 31:28
  Speaker 2: So you're no care starmer, sir care starmer, a British
• 31:32
  Speaker 2: prime minister, savior of the masses from the evil clutches
• 31:35
  Speaker 2: of Tories, you know, banishing the privileged and taking the
• 31:40
  Speaker 2: working class issues up first. Well, two months in he's
• 31:44
  Speaker 2: declared his gifts and his freebies. He's been getting from donors,
• 31:47
  Speaker 2: including Walid Ali, more than what we told you about yesterday,
• 31:52
  Speaker 2: more gifts to support his lavish lifestyle than any other
• 31:55
  Speaker 2: leader in recent history from either party. Football match four
• 32:00
  Speaker 2: thousand pounds at the Taylor Swift including hospitality nine hundred
• 32:05
  Speaker 2: pounds for Coldplay tickets, clothing twelve thousand pounds, accommodation worth
• 32:11
  Speaker 2: twenty thousand pounds and glasses. You know how where's glasses? Guests?
• 32:14
  Speaker 2: How much they cost? Five thousand New Zealand dollars? Are
• 32:19
  Speaker 2: they made of gold? Thank you Lord Ali? Goodness me?
• 32:22
  Speaker 2: And what does he get in return? He gets a
• 32:25
  Speaker 2: free pass to number ten Downing Street. Seven to six.
• 32:31
  Speaker 10: A different.
• 32:39
  Speaker 3: On your radio and online on iHeartRadio Early edition with
• 32:44
  Speaker 3: Ryan Bridge and Smith City, New Zealand's furniture beds and
• 32:47
  Speaker 3: a playing store on news Talk z.
• 32:49
  Speaker 2: BE five to six. Lots of people say, actually, leave
• 32:52
  Speaker 2: Lester Levy alone. He is doing the job of Commissioner
• 32:57
  Speaker 2: of Health New Zealand but also doing a couple of
• 32:58
  Speaker 2: days a week lecturing at university and says, I have
• 33:02
  Speaker 2: done that before. He's doing seventy hours a week in
• 33:04
  Speaker 2: his house role. What more can you ask of him?
• 33:07
  Speaker 2: Mike Costkin is in the studio, He's with you next night.
• 33:09
  Speaker 2: I tend to agree, I've done the numbers.
• 33:11
  Speaker 12: So if you say he said ten to twelve hours
• 33:14
  Speaker 12: a day, so let's give him ten and you do
• 33:16
  Speaker 12: that for a seventy hour week.
• 33:18
  Speaker 6: You do.
• 33:18
  Speaker 12: I can't remember. It was three thousand, three hundred and
• 33:20
  Speaker 12: something hours in the year that rolls out at ninety
• 33:23
  Speaker 12: five for three hundred and twenty thousand dollars that rolls
• 33:25
  Speaker 12: out at ninety five dollars now.
• 33:27
  Speaker 2: Also, he's not running Health New Zealand's arper's job. He's
• 33:31
  Speaker 2: just basically a direction.
• 33:33
  Speaker 12: He's a consultant who's looking at what's going on how
• 33:35
  Speaker 12: to fix it. So if you're putting in that many
• 33:37
  Speaker 12: hours for that amount of money at ninety five dollars
• 33:39
  Speaker 12: now because the media always get angsty about that stuff.
• 33:42
  Speaker 12: Three you know, I mean ninety five dollars now, my
• 33:44
  Speaker 12: headdress of charges more than that. So and this is
• 33:47
  Speaker 12: guy running the whole publicize. Also, he's on three training,
• 33:50
  Speaker 12: but Tory's on one hundred and ninety.
• 33:52
  Speaker 2: But you can't make ends me. You've got to sell
• 33:54
  Speaker 2: a car to board thing. See tomorrow, It's beautiful.
• 34:01
  Speaker 3: For more from News Talk st B, listen live on
• 34:04
  Speaker 3: air or online, and keep our shows with you wherever
• 34:07
  Speaker 3: you go with our podcasts on iHeartRadio.