Latest / Early Edition with Ryan Bridge / Full Show Podcast: 21 April 2026

Transcript

Full Show Podcast: 21 April 2026 · Early Edition with Ryan Bridge

0:00
Speaker 1: The issues, the interviews and the insight. Ryan Bridge on
0:05
Speaker 1: early edition with Spark for business Technology that keeps business moving,
0:09
Speaker 1: News talks.
0:10
Speaker 2: They'd be picked up the five great to have your
0:12
Speaker 2: company On this Tuesday, it's inflation Day. We'll talk to
0:14
Speaker 2: asb Neb in Australia, Rickens. Here's a fifty to fifty
0:17
Speaker 2: chance of precision.
0:18
Speaker 3: Donna is live for US, new.
0:20
Speaker 2: Cash for teachers, for petrol plus insurance premiums or cover
0:25
Speaker 2: the problem with.
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Speaker 3: The storms, the agenda said.
0:29
Speaker 2: The twenty first of April, Turan says no, no, not
0:32
Speaker 2: doing the peace talks with you.
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Speaker 4: Thank you Trump, as I.
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Speaker 3: Am speaking to you. We have no plan for the
0:36
Speaker 3: next round of negotiations. No decision has been taken in
0:40
Speaker 3: this regard. Trump doesn't care.
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Speaker 2: He's still saying Jade Vance is going to lead talks
0:44
Speaker 2: in Pakistan tomorrow night, come hell or high water.
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Speaker 5: But of course Tuesday evening is when that cease fire
0:49
Speaker 5: is set to expire, and we don't know yet whether
0:52
Speaker 5: President Trump would extend it if he thinks that these
0:55
Speaker 5: talks are bearing fruit, or whether he would follow through
0:58
Speaker 5: on these maximalists.
1:00
Speaker 3: That's that he's been putting out.
1:01
Speaker 2: Meanwhile, in the UK people are just sick of hearing
1:03
Speaker 2: Starmer say sorry about mandelsoonbod he keeps on doing.
1:06
Speaker 6: It to that.
1:07
Speaker 7: To that, I can only say they are right. It's
1:11
Speaker 7: beggars believed that throughout the whole timeline of events, officials
1:17
Speaker 7: in the Foreign Office saw fit to withhold this information
1:20
Speaker 7: from the most senior ministers in our system in government.
1:24
Speaker 7: That is not how the vast majority of people in
1:27
Speaker 7: this country expect politics, government or accountability to work. And
1:32
Speaker 7: I do not think it's how most public servants think
1:35
Speaker 7: it should work either.
1:36
Speaker 2: I'll explain exactly what he's talking about with the bedding
1:38
Speaker 2: in just a second. But let's go to Australia where
1:40
Speaker 2: rebel Wilson fat Amy, if you've seen the movie She's
1:43
Speaker 2: been in a Sydney court claims she made about a
1:46
Speaker 2: young Australian actress being sexually harassed by a producer, cause
1:49
Speaker 2: and controversy as she says that this young actress then.
1:52
Speaker 3: Hid the abuse to better her own career.
1:56
Speaker 8: Charlotte Maginnis came to me and she said, last night
2:00
Speaker 8: Amanda Goes asked me to have a bath and shower
2:03
Speaker 8: with her, and.
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Speaker 9: It made me feel really uncomfortable.
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Speaker 10: She told me she was uncomfortable.
2:06
Speaker 3: Yeah, the whole thing's weird anyway.
2:08
Speaker 2: McKennis denies all of this, says the reputation is being
2:10
Speaker 2: damaged not by that but by rebel Wilson fat Amy
2:14
Speaker 2: and is now seeking damages.
2:17
Speaker 1: News and views you trust to start your day, It's
2:20
Speaker 1: early edition with Ryan Bridge and Spark for business Technology
2:25
Speaker 1: that keeps business moving.
2:26
Speaker 3: News talks.
2:27
Speaker 2: That'd be eight after five, nine nine two. The number
2:29
Speaker 2: de text would love to hear from you this morning
2:31
Speaker 2: is always NAB in Australia or NAB as they call
2:35
Speaker 2: it over there. This is one of their big full
2:36
Speaker 2: banks starting to prepare for a situation where things go
2:41
Speaker 2: a little grim over there and they reckon. I mean,
2:44
Speaker 2: you know all the banks when they put out their forecast,
2:46
Speaker 2: they have an upside, they have a downside, and they
2:48
Speaker 2: have this is what we actually think will happen. What
2:50
Speaker 2: they actually think will happen is reasonable growth and unemployment holding.
2:56
Speaker 2: But the outlook is holding just and they have now
3:01
Speaker 2: increased the probability of the downside scenario, in other words,
3:05
Speaker 2: the worst case scenario from forty two point five percent
3:09
Speaker 2: to forty five percent. So basically what they are saying
3:11
Speaker 2: is there is an almost fifty to fifty percent chance
3:14
Speaker 2: that the Australian economy will go into recession as a
3:16
Speaker 2: result of what's happening with the oil far more exposed
3:19
Speaker 2: to it over there.
3:20
Speaker 3: You'll remember a couple of.
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Speaker 2: Weeks ago we looked at how much diesel they use
3:24
Speaker 2: to keep the Australian economy cranking, and it's far more
3:27
Speaker 2: and far and away more than what we use here.
3:29
Speaker 2: So this is part of the problem that they've got,
3:31
Speaker 2: and they've got a budget coming up, and they are
3:33
Speaker 2: spending willy nilly, which you know, on the one hand,
3:37
Speaker 2: you could say they're spending willing literally because they want
3:39
Speaker 2: to avoid recession. On the other hand, you could say,
3:41
Speaker 2: while they're exacerbating a structural deficit. And the whole thing's
3:43
Speaker 2: a stupid idea. Anyway, the fact remains that National Australia
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Speaker 2: Bank has come out and said there is almost a
3:51
Speaker 2: fifty to fifty chance of a recession. They are warning
3:54
Speaker 2: in the worst case scenario about economy shrinking two percent,
4:00
Speaker 2: unemployment spiking above nine percent next year, and house prices collapsing,
4:05
Speaker 2: which probably wouldn't be a bad thing for them given
4:06
Speaker 2: how high they've been right, and that they just haven't
4:08
Speaker 2: stopped since COVID. But in the meantime you've got the
4:12
Speaker 2: government coming out and now launching some direct interest free
4:15
Speaker 2: loans for businesses.
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Speaker 3: It just got very COVID vibes to it. This.
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Speaker 2: So this is to assist with the very high cost
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Speaker 2: of fuel, logistics, fertilizes, plastics, etc. Interest free loans you've
4:28
Speaker 2: got to be you know, it's only certain businesses, only
4:30
Speaker 2: certain industries. But there you go, now Mandelssohn and Starma.
4:35
Speaker 2: So the funniest part of that grab that I played,
4:38
Speaker 2: the quote that I just played for you from Starma
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Speaker 2: in the House of Commons is he said it beggars
4:42
Speaker 2: belief that I was not informed about this Lord Mandelsson
4:45
Speaker 2: vetting situation and the person that no one believes is
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Speaker 2: him anyway, So he has ignored advice we know this
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Speaker 2: from the head of the Civil Service to vet him
4:57
Speaker 2: before appointing him. And then it turns out that the
5:02
Speaker 2: boffins and the Civil Service approved the appointment against the
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Speaker 2: recommendations of the UK Security Vetting Office.
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Speaker 3: And that begs the question, what is the point in
5:11
Speaker 3: the UK Security Vetting.
5:12
Speaker 2: Office if no one listens to them. Eleven after five,
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Speaker 2: Ryan Bridge shall z B. We'll get to insurance and
5:19
Speaker 2: what's happening with the premiums, what's happening with the cover
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Speaker 2: the storms that are coming in more frequently. Eleven after five,
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Speaker 2: The news you.
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Speaker 1: Need this morning and the in depth analysiss earlier edition
5:31
Speaker 1: with Ryan Bridge and Spark for business Technology that keeps
5:35
Speaker 1: business moving NEWSTALKSB.
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Speaker 3: Five point thirteen.
5:38
Speaker 2: Tom mcclay's officers put out a little briefing too journalists
5:41
Speaker 2: ahead of Chrishipkins doing his media rounds later this morning,
5:44
Speaker 2: and they've put out a number of points that the
5:48
Speaker 2: Labor Party has with the India FTA that are basically
5:52
Speaker 2: addressing them head on. And the big one that they
5:55
Speaker 2: have mentioned, well, there's the immigration thing which will come
5:57
Speaker 2: to a five point twenty five this morning.
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Speaker 3: The butter Chicken Tsunamis Shane puts it.
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Speaker 2: But on the investment into India, twenty billion dollars over
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Speaker 2: fifteen years is a hell of a lot of money,
6:08
Speaker 2: and Labors saying, oh, well, you know that they could
6:11
Speaker 2: pull the pin on this agreement if we don't invest
6:13
Speaker 2: that amount of money. Well, the government saying we've agreed
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Speaker 2: to promote investment into India with the aim of getting
6:21
Speaker 2: to twenty billion US over fifteen years. The FDA dispute
6:25
Speaker 2: settlement mechanism does not apply to this commitment to promote investment.
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Speaker 2: In other words, you can't rip the rugout from under
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Speaker 2: the agreement just because we don't hit the target, and
6:37
Speaker 2: target being the operative word.
6:38
Speaker 3: Quarter past five, Brian.
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Speaker 2: Insure is feeling a raft of major weather events. IAG
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Speaker 2: says claims are up almost two hundred and fifty percent
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Speaker 2: on last year. That's about thirty three thousand claims from
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Speaker 2: forty six events. AMI and State boss Phil Gibson says,
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Speaker 2: if you want insurance to stay affordable, we've got to
6:56
Speaker 2: cut the risk. Jonathan Boston, Victoria University Emeritus Professor of Policy,
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Speaker 2: joins me this morning.
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Speaker 3: Jonathan, good morning, Good morning Ryan. Are you and Wellington?
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Speaker 3: How was the rain last night?
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Speaker 11: Oh, the rain last night was fine, relatively speaking. It
7:10
Speaker 11: was yesterday morning that was the tremendous downpour we had,
7:15
Speaker 11: and we seem to have been pre well in the
7:17
Speaker 11: center of it. Our street, Right Street was flooded at
7:20
Speaker 11: the bottom with cars being floated away and several houses damaged.
7:26
Speaker 11: So not good and unfortunately, as you've vindicated Ryan's more.
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Speaker 11: Storm events are happening with greater frequency in New Zealand
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Speaker 11: and of course around the world, and that is all
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Speaker 11: exactly as scientists expected as a result of us.
7:39
Speaker 3: Warming the planet, and the insurance companies have said as much.
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Speaker 2: The storms every two weeks now, they reckon so and
7:46
Speaker 2: people are making claims for them. So what happens from
7:48
Speaker 2: here do the insurance companies start pulling back on who
7:51
Speaker 2: they cover or do they up the premiums.
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Speaker 11: Well, they're doing both already, Ryan, and that process will
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Speaker 11: continue almost inevitably. My own view is that we need
8:04
Speaker 11: to rethink the way we organize our overall property insurance
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Speaker 11: arrangements in New Zealand, and that really applies to not
8:13
Speaker 11: just residential property but also non residential property and probably
8:16
Speaker 11: government property as well. At the moment, very briefly, we
8:20
Speaker 11: have a situation where the Natural Hazards Commission previously called
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Speaker 11: EQUC ensures residential property up to three hundred thousands, assuming
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Speaker 11: that those properties have insurance policies, but only for geophysical
8:38
Speaker 11: events like earthquakes and tsunami and so forth. It doesn't
8:41
Speaker 11: ensure such properties for flooding, severe wind events, and so
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Speaker 11: on and my view is that we need to rethink
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Speaker 11: that we need to extend the coverage of the Natural
8:50
Speaker 11: Hazards Commission across a wider range of perils. We need
8:53
Speaker 11: to make it responsible for helping to enhance the resilience
8:57
Speaker 11: of properties, and we need to make it or another
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Speaker 11: government agency responsible for helping to move properties that simply
9:07
Speaker 11: can't be protected out of harm's way so that people
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Speaker 11: aren't living in areas that are going to be highly
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Speaker 11: flood prone.
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Speaker 2: Jonathan, the QC levy, the kitty is already beer or
9:19
Speaker 2: the cupboards are almost beer on that kitty anyway, so
9:22
Speaker 2: you will be paying more in EQC livies to and
9:26
Speaker 2: expand the cover to storms.
9:28
Speaker 3: Why do it that way?
9:29
Speaker 2: Why not just have insurance cover as insurance cover and
9:32
Speaker 2: if you can't get it, you can't get it moved.
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Speaker 11: Well, I mean, the problem with the second option you've
9:38
Speaker 11: just put is that more and more people will find
9:40
Speaker 11: themselves having uninsured properties. That will increase suffering, inequality or
9:47
Speaker 11: manner of downstream social effects, which will inevitably then increase
9:52
Speaker 11: societal costs and economic costs. In other words, if we
9:55
Speaker 11: become less resilient to the society because more and more
9:58
Speaker 11: people can't ensure their properties that will be damaging ultimately everyone.
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Speaker 11: So my view is that we need to try and
10:04
Speaker 11: maximize our levels of economic and society or resilience through insurance,
10:11
Speaker 11: through adaptation policies of various kinds, through other mechanisms, and
10:16
Speaker 11: that yes, you're quite right, the kitty is there. That's
10:19
Speaker 11: partly because the government decided not to increase the levee.
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Speaker 11: My view is that that was an unfortunate mistake on
10:27
Speaker 11: the part.
10:27
Speaker 3: Of the government.
10:28
Speaker 11: We should increase the levee. But also I think we
10:31
Speaker 11: should increase the levee cap as it stands as a
10:35
Speaker 11: cap at the moment of four hundred and eighty dollars
10:38
Speaker 11: per residential property plus GST. That should be raised so
10:43
Speaker 11: that people with better off or more valuable homes are
10:48
Speaker 11: paying a greater amount towards the towards Robot's now called
10:54
Speaker 11: the National Hazards Commission.
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Speaker 2: Jonathan, appreciate your time this morning, Jonathan Boston, Victoria University
10:58
Speaker 2: Emeritus Professor Public Policy.
11:00
Speaker 3: Time is nineteen minutes after five. Here's a question for you.
11:04
Speaker 2: If you are about to buy a house and it
11:07
Speaker 2: is on a floodplane or on a flood flow plut
11:11
Speaker 2: path as I think they're called. If there's water, if
11:14
Speaker 2: the Liver Report tells you that there's water that could
11:16
Speaker 2: hit your property, would you buy it? And if you
11:20
Speaker 2: buy it, is that not your fault? Five nineteen News
11:23
Speaker 2: Talks EDB.
11:25
Speaker 1: The first word on the News of the Day early
11:28
Speaker 1: edition with Ryan Bridge and Spark for business technology that
11:32
Speaker 1: keeps business moving NEWSTALKSB News TALKSB.
11:36
Speaker 2: It is twenty two minutes after five. You know, obviously
11:39
Speaker 2: we had a disruption to supply of oil that was
11:41
Speaker 2: down ten percent last month. This is according to the
11:44
Speaker 2: International Energy Agency, they do a monthly report. What's also
11:47
Speaker 2: interesting is that fact that demand has dropped quite significantly.
11:51
Speaker 2: So we were forecasting to have eight hundred and fifty
11:54
Speaker 2: thousand extra. This is the global demand would increase by
11:57
Speaker 2: eight hundred and fifty thousand barrels per day this year. Actually,
12:03
Speaker 2: what happened last month is it dropped by eighty thousand.
12:07
Speaker 2: Bryan Bridge bet Erica Stanford's rolling out help for rural schools.
12:11
Speaker 2: This is to help teachers get there, to actually get
12:13
Speaker 2: in front of the kids and teach them.
12:15
Speaker 10: We're acting directly on what schools have told us. With
12:17
Speaker 10: targeted timely and temporary support.
12:20
Speaker 2: There's also thirty seven million bucks to get rid of
12:22
Speaker 2: the diesel boilers. Up to seventy schools available nationwide. Brendan Morrissey,
12:26
Speaker 2: kan Time Primary School principal joins us this morning.
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Speaker 3: Brandan, good morning, Yeah, good morning Aron. Pretty good news.
12:34
Speaker 6: Yeah, I think there are some really positive news in
12:38
Speaker 6: the mix of that package that the Minister's rolled out.
12:42
Speaker 3: Which ones do you like?
12:45
Speaker 6: Well, they're definitely the packages that are around the staffing though,
12:50
Speaker 6: so securing the future pipeline for rural teachers, the bonding
12:54
Speaker 6: schemes fantastic idea and adding more places so that is
12:57
Speaker 6: going to encourage more teachers to teach it now for
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Speaker 6: all areas.
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Speaker 10: And also the new new Go Rural program. I think
13:05
Speaker 10: that's definitely a really cool initiative too. Certainly hasn't hasn't
13:12
Speaker 10: been around, but it will also encourage a lot of
13:15
Speaker 10: trainee teachers to get out into rural placeings too. That's
13:18
Speaker 10: going to be a massive help for small schools that
13:20
Speaker 10: are struggling with having enough staffing.
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Speaker 3: Fantastic. Have you got a diesel boiler?
13:26
Speaker 6: No, mate, we did, but it was decommissioned many many
13:30
Speaker 6: years ago, probably about twenty years ago now, so actually
13:34
Speaker 6: know our onum.
13:34
Speaker 10: Wasn't deed, it was coal. It's probably still a number
13:37
Speaker 10: of coal.
13:38
Speaker 6: Boilers out there too, though I suspect the number of
13:41
Speaker 6: them with decommissions at the same time as our one
13:43
Speaker 6: was about twenty odd years ago.
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Speaker 3: Brendan.
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Speaker 2: The stats are showing that kids are still going to class,
13:47
Speaker 2: parents are getting them there, even though the price of
13:49
Speaker 2: petrol's gone up.
13:50
Speaker 12: What's your school like, Yeah, we haven't really experienced a
13:56
Speaker 12: dip in our attendance levels, but we've been fun our
14:00
Speaker 12: own school bus runs.
14:02
Speaker 10: For many years, Ryan. The troll poverty statistics, as we know,
14:06
Speaker 10: have been pretty damning for a number.
14:09
Speaker 6: Of years, and we decided there's a school that we
14:12
Speaker 6: really wanted to help our far no else as much
14:15
Speaker 6: as we could. So we've been funding our own bus
14:17
Speaker 6: runs and paying for our own school funding. We've do
14:22
Speaker 6: a lot of fundraising to help achieve this, of course.
14:24
Speaker 10: But yeah, so that.
14:28
Speaker 3: To light out for anything, brilliant, Brendan.
14:33
Speaker 2: And we lost the last little bit there, But the
14:35
Speaker 2: gist of it. I liked taking some initiative and look
14:39
Speaker 2: they've got the results. Kids are still coming to school
14:42
Speaker 2: even though the price of gas is up. Time is
14:45
Speaker 2: twenty five minutes after five year on News talks'd. That
14:47
Speaker 2: was Brendan Morrissey, Katia Primary School Principal. We'll be back
14:51
Speaker 2: right after this and looking at the butter Chicken Tsunami
14:55
Speaker 2: the early.
14:56
Speaker 1: Edition Full show podcast on iHeartRadio powered by News twenty.
15:02
Speaker 2: Seven minutes after five News Talks b take away migrants
15:05
Speaker 2: from our economy, and the thing pretty much falls apart.
15:08
Speaker 2: This is not Europe, where they are overrun with boats
15:11
Speaker 2: and expensive hotel bills to house the passengers. This is
15:14
Speaker 2: not the US, where illegal immigration and migrants poured across
15:19
Speaker 2: a porous border until Trump came along. This is New Zealand,
15:23
Speaker 2: separated from the rest of the world by quite a
15:24
Speaker 2: large ocean called the Pacific and a rather fussy policy,
15:28
Speaker 2: thank you very much. When it comes to who comes
15:30
Speaker 2: here and why. If you look at the numbers, they
15:32
Speaker 2: tell you we're doing a pretty good job of migration.
15:35
Speaker 2: Kewe migrants are less likely to claim a benefit, more
15:38
Speaker 2: likely to be employed, children, have better education out comes
15:41
Speaker 2: than native born New Zealanders. The idea that they steal
15:45
Speaker 2: jobs from US doesn't stack up either, because an economy
15:47
Speaker 2: doesn't have a cap on the number of jobs available.
15:49
Speaker 2: Of course, job growth happens when demand increases, and migration
15:54
Speaker 2: equals increased demand. Plus they're more likely to take initiative
15:58
Speaker 2: and start businesses which you guessed it, actually employ people.
16:03
Speaker 2: Migrants tend to be younger, so they contribute more to
16:05
Speaker 2: taxes than the native born Kiwis. They also do jobs
16:09
Speaker 2: that many of us think we're above. Just look at
16:12
Speaker 2: those on the dole in the regions housing and hospitals
16:15
Speaker 2: can be a problem, I concede, but that's a job
16:18
Speaker 2: that can be fixed with better planning, laws, fewer regulations
16:21
Speaker 2: and investment in health. So back to Marta Shane and
16:25
Speaker 2: his butter chicken tsunami. Actually, the India FDA, as far
16:29
Speaker 2: as we can tell, would allow just five thousand three
16:32
Speaker 2: year visas at any one time. That is just six
16:36
Speaker 2: percent of accredited employee work visas issued in a year.
16:40
Speaker 2: By the way, ninety percent of those will be for
16:42
Speaker 2: jobs that we've got shortages and engineers, it professionals, teachers.
16:47
Speaker 2: This looks a bit like a beat up from Uncle Shane,
16:49
Speaker 2: I have to say. And as for the colorful language,
16:51
Speaker 2: actually most Kiwis don't mind a bit of butter chicken,
16:54
Speaker 2: Thank you very much, cry and Bredge Talks BE twenty
16:58
Speaker 2: nine minutes after five. Loads of texts coming in on
17:02
Speaker 2: the storms and what do you do with your insurers?
17:07
Speaker 3: Who wants to pay more to and insurance company? Anyway?
17:10
Speaker 2: If you buy a property that's in a flood zone, are.
17:14
Speaker 3: You asking for trouble?
17:15
Speaker 2: I think so. Lots of texts on that. We'll get
17:18
Speaker 2: to it next and Live to Australia with Donna. News TALKSB.
17:29
Speaker 1: Get ahead of the headlines on early edition with Ryan
17:33
Speaker 1: Bridge and Spark for business Technology that keeps business moving
17:37
Speaker 1: News TALKSB.
17:46
Speaker 2: Twenty four Way sixer on news Talks. It'd be great
17:48
Speaker 2: to have you company this morning. We'll talk to ASB
17:50
Speaker 2: about inflation. We're getting a number out and Donna de
17:53
Speaker 2: Mayo out of Australia for us on a fifty to
17:55
Speaker 2: fifty chance potential fifty fifty chance for a recession. The
17:59
Speaker 2: R word over in Australia. Loads of texts coming in
18:02
Speaker 2: on migration, immigration in New Zealand. Ryan, Please open your eyes,
18:06
Speaker 2: says this texter, and good morning to you. Please open
18:09
Speaker 2: your eyes and look around Auckland. Yes, roads and infrastructure
18:12
Speaker 2: and hospitals are not quick fixes with the obscene volume
18:15
Speaker 2: of people coming into this country. But the cultures, this
18:18
Speaker 2: person says, the cultures most are coming from show no
18:22
Speaker 2: interest in integrating into our culture. Your woke take on
18:26
Speaker 2: this just reinforces what our grandkids are going to have
18:29
Speaker 2: to live within the future. Mass immigration is a sugar
18:32
Speaker 2: rush fix only with long term costs to us. All
18:36
Speaker 2: Tell me how ninety percent of these India FTA visa
18:41
Speaker 2: three year visas that are coming here, ninety percent are
18:45
Speaker 2: in trades and jobs that we have shortages in. Teachers, it, workers, engineers.
18:51
Speaker 2: Tell me how that's bad for our economy. Name which
18:57
Speaker 2: groups you're talking about aren't integrating into our society. I mean,
19:00
Speaker 2: I live in Auckland. I'm from Wellington, but I live
19:02
Speaker 2: in Auckland. I've never seen an example of a culture
19:10
Speaker 2: serious culture clash in this country. All I see are
19:13
Speaker 2: people just getting on with their lives and being normal people.
19:16
Speaker 2: I don't see it. So tell me where it is,
19:19
Speaker 2: dear Texter, tell me where it is. Twenty two minutes
19:22
Speaker 2: away from sex Bryan Bridge, Callum proctors with us the
19:26
Speaker 2: need and callum good morning, Hi, Right, what's going on
19:29
Speaker 2: with the penguins.
19:29
Speaker 8: And it's big news and it's good news for our
19:34
Speaker 8: little blue penguin in Omoru. They are a popular attraction,
19:39
Speaker 8: these guys and Omaru penguins are reporting one of these
19:42
Speaker 8: strongest breeding seasons on record for these guys. Just under
19:47
Speaker 8: a thousand calldorder chicks have fledged across their two managed
19:51
Speaker 8: colonies since May last year, so that's huge numbers. They
19:54
Speaker 8: say this is a major conservation milestone and the result
19:58
Speaker 8: of decades of sustain effort. There the Science and Environmentsal
20:02
Speaker 8: manager as Philippa Agnew She says the standout season follows
20:06
Speaker 8: what was a challenging year prior for the penguins, but
20:09
Speaker 8: she says there's been several rare triple brooding peas appears
20:12
Speaker 8: successfully raising multiple chicks.
20:15
Speaker 3: Fantastic. How's your weather.
20:17
Speaker 8: It's another cool one here, cloudy with showers south easterly.
20:20
Speaker 8: Is the high just ten today?
20:21
Speaker 3: All right? She's clear than christ this morning. Clear, good morning.
20:25
Speaker 3: You got some dead shellfish?
20:26
Speaker 13: Yeah, a whole lot of dead shellfish around several beaches
20:30
Speaker 13: and coastal areas here in Canterbury. Environment Canterburys have been
20:33
Speaker 13: looking into these widespread shellfish gets since last week, with
20:37
Speaker 13: the likely cause now identified for mussels that washed up
20:41
Speaker 13: at Poudo Bay. Now thousands of them were found at
20:44
Speaker 13: the bank's Peninsula site about a week ago. Now it's
20:47
Speaker 13: believed that's come from an aquaculture farm in recent severe
20:51
Speaker 13: weather events. E Can says these muscles have already significantly decayed,
20:55
Speaker 13: which makes removing them very impractical, so instead they'll leave
20:59
Speaker 13: them there to break down naturally. Did Shelfish have also
21:02
Speaker 13: been found at South Brighton as well as Taylor's Mistake,
21:05
Speaker 13: and then far north at Pines Beach. Some longer term
21:09
Speaker 13: monitoring and testing will be needed in order to understand
21:11
Speaker 13: exactly what's happened there. And you weather cloudy with showers today,
21:15
Speaker 13: southurly strong at times and eleven degrees nice.
21:18
Speaker 3: Thank you, Maxim Willing for morning.
21:19
Speaker 4: Max, good morning.
21:20
Speaker 3: Adn'ty heavy rain or damage overnight?
21:24
Speaker 14: No, I don't believe so. Look, a lot of the
21:27
Speaker 14: rain in the capital since yesterday has been just sort
21:31
Speaker 14: of steady, fairly heavy rain. It hasn't relented at any point.
21:35
Speaker 14: But what we've been contending with is steady rain and
21:38
Speaker 14: some very cold, strong southerlyies as well, which is of
21:41
Speaker 14: course making the cleanup for those with damage all the worse.
21:45
Speaker 14: It was really still yesterday's extraordinary burst before five am
21:48
Speaker 14: that did all the damage. There is a state of emergency.
21:51
Speaker 14: A lot of schools are closed today, I think more
21:53
Speaker 14: so preemptively. Roads are impacted like Melling Bridge and Kennedy
21:58
Speaker 14: good Bridge were closed last night of vital links with
22:01
Speaker 14: lower Hut, but they're reopened now. They were closed again preemptively.
22:04
Speaker 14: Wide at Appa is impacted as well. Warnings of flash flooding,
22:08
Speaker 14: so people to stay alert there. People living near the
22:10
Speaker 14: Waife Thettus stream again in the hut On edge, a
22:13
Speaker 14: lot of them have evacuated, but I don't believe it's
22:16
Speaker 14: burst its banks. I think everyone will or it should
22:19
Speaker 14: be staying home today if they can. The traffic is
22:22
Speaker 14: going to be horrendous regardless. A few homes of course
22:25
Speaker 14: flooded yesterday. Businesses as well. The risk of landslips is
22:29
Speaker 14: still there and we still have man missing from Kodori.
22:33
Speaker 14: No update there, mixed. What's the forecast for today? We
22:36
Speaker 14: have more rain with heavy falls at times and more
22:39
Speaker 14: strong southerlyes. I think it's going to be a pretty
22:41
Speaker 14: rubbish weather until at least late Wednesday Thursday.
22:44
Speaker 3: A high of ten all right, thanks so much for it.
22:46
Speaker 3: Neither and awkward morning.
22:47
Speaker 4: Neither Paul Wellington.
22:49
Speaker 3: I know, Paul getting a hemmering. Hey, Auckland Transport's got
22:52
Speaker 3: a new chiefs you could.
22:53
Speaker 15: Have, that's right now. This new ces going to steer
22:57
Speaker 15: the organization through all these upcoming changes.
23:00
Speaker 4: Now.
23:00
Speaker 15: The Director of Public Transport and Active modes that Stacy
23:03
Speaker 15: vander Putten. We all know Stacy. She steps into the
23:06
Speaker 15: role next month. This is on an eighteen month interim basis.
23:10
Speaker 15: She's replacing Dean Kimpton, and Dean held that job for
23:13
Speaker 15: almost three years now. Mia Wayne Brown says, you know
23:17
Speaker 15: vander Putten, she's a respected leader comprehensive transport and local
23:20
Speaker 15: government knowledge. And he says that she's also well versed
23:24
Speaker 15: on this transition program, so that will ensure that eight's
23:28
Speaker 15: strictly a delivery agency for public transport. Fantastic comes down
23:32
Speaker 15: with it today, right, Oh well, cloudy conditions. We've got
23:35
Speaker 15: a few shells from late morning possibly becoming heavy sundry
23:38
Speaker 15: from the afternoon. Eighteen is a high here in Auckland.
23:41
Speaker 2: Fantastic, Neva, thank you very much. Eighteen minutes away from
23:44
Speaker 2: six now, Andrew says, Ryan our prisons aren't full of Indians,
23:47
Speaker 2: Our hospitals aren't full of Indians, and Indians have a
23:50
Speaker 2: culture of work in education. What's not to like? Very
23:53
Speaker 2: good point, Wendy says, good morning, Ryan. Indian migrants like
23:58
Speaker 2: Chinese usually go home if they need medical treatment for
24:00
Speaker 2: serious illnesses like cancer et cetera.
24:02
Speaker 3: They have often better.
24:04
Speaker 2: Hospitals and access to the care over there. And then
24:07
Speaker 2: you get texts like this that say it just just
24:09
Speaker 2: a sweeping statement. It's from this text most South Africans
24:13
Speaker 2: and Indians don't integrate. Okay, how do we know that?
24:17
Speaker 4: Have you gone?
24:18
Speaker 2: And what do you mean by integrate? I mean, do
24:20
Speaker 2: you need if you've got a South African neighbor, do
24:23
Speaker 2: you need them to come over and watch the rugby
24:25
Speaker 2: with you and have a barbecue? I don't know what
24:28
Speaker 2: we what do we mean by integrate? Nine nine two
24:32
Speaker 2: seventeen away from six We love to Australia.
24:34
Speaker 1: Next international correspondence with ends and eye insurance. Peace of
24:38
Speaker 1: mind for New Zealand business.
24:41
Speaker 2: Just gone fourteen away from six year on news talks,
24:43
Speaker 2: z'b We'll get to inflation just a second first on
24:45
Speaker 2: tomorrow out of Australia.
24:46
Speaker 3: Do on a good morning to you, Oh, good morning
24:49
Speaker 3: to you, and a.
24:50
Speaker 2: Dire warning from the Treasurer about the war in Iran
24:54
Speaker 2: and the impact it's having on the Australian economy.
24:57
Speaker 9: Yes, we have heard from our treasure Jim Charmers, and
25:00
Speaker 9: he says that the around war is expected to raise
25:04
Speaker 9: inflation and unemployment and he's warning at the fall out
25:07
Speaker 9: of this conflict could become severe. So at the moment
25:10
Speaker 9: he's calling it serious, it could become severe. As he
25:13
Speaker 9: put it, he says, the end of the war and
25:16
Speaker 9: this is a quote direct quote cannot come soon enough.
25:20
Speaker 9: And it looks like that Australia's inflation is set to
25:23
Speaker 9: rise above five percent. Now this is the sort of
25:26
Speaker 9: thing that we're hearing. This warning is coming just ahead
25:28
Speaker 9: of next month's federal budget and he does feel that
25:32
Speaker 9: this economic fallout will continue from the conflict. I should
25:36
Speaker 9: say now he did recently have talks with international his
25:40
Speaker 9: international counterparts, that was in Washington last week and he
25:43
Speaker 9: says that what is happening with various things, including the
25:47
Speaker 9: Strait of mus is driving frustration and uncertainty. And we
25:53
Speaker 9: know that the ministers gathered in Cambria yesterday and he said,
25:56
Speaker 9: from an economic point of view, the end of the war,
26:00
Speaker 9: I said, cannot come soon enough. And he says that
26:02
Speaker 9: even if and when the ceasefire does stick, and even
26:05
Speaker 9: when the war ends, he doesn't expect things to go
26:08
Speaker 9: back to nor more straight away. Now that's kind of obvious,
26:11
Speaker 9: I would suggest. But the federal budget will be handed
26:15
Speaker 9: down May twelve. So these are the sort of things
26:18
Speaker 9: that are ruminating in Canberra and this is how the
26:21
Speaker 9: Treasurer feels currently.
26:22
Speaker 2: And I saw that NAB prognosis on the economy come
26:26
Speaker 2: out yesterday and say, well, I mean, I mean it
26:28
Speaker 2: should be okay, but you know there's a chance and
26:30
Speaker 2: increasing chance of a slight dip, slight recession and potentially
26:34
Speaker 2: a fifty to fifty chance of it things getting really bad.
26:37
Speaker 9: Uh huh, yep, yep, going going from series to severe.
26:41
Speaker 9: As the Treasurer put it, it's not looking great, is it?
26:45
Speaker 3: Twelve away from six? Thanks?
26:46
Speaker 2: Donna Donald de Mayo, Australia correspondent. You're on News Talk
26:49
Speaker 2: seed b Bryan Bridge plation expected to ease today or
26:52
Speaker 2: at least hold steady if this is for quarter one.
26:54
Speaker 2: So that's a backward looking number. Ten forty five today,
26:57
Speaker 2: you'll get it four casts have it just under three percent,
26:59
Speaker 2: down from three three point one percent. That would get
27:01
Speaker 2: it back inside the target man for the RB and Z.
27:03
Speaker 2: But for how long is the question, Mark Smith, as
27:05
Speaker 2: we send your economists, Mark, good morning.
27:07
Speaker 16: Good morning.
27:08
Speaker 2: Right, so only about a sixth from my counting of
27:12
Speaker 2: this period includes the impact of the war, right correct?
27:16
Speaker 16: We have the war started as the start of May,
27:18
Speaker 16: and yeah, the CPI and captured at the very start
27:22
Speaker 16: of it.
27:22
Speaker 3: What are you picking then, Yeah.
27:24
Speaker 16: We're picking two point nine, but very close to three
27:27
Speaker 16: according to our numbers. But as you said, it's more
27:30
Speaker 16: important what the future trajectory looks like on the basis
27:34
Speaker 16: of a number of scenarios. Obviously, the old price out
27:37
Speaker 16: off is heighly in zend. We're quite lately get four
27:40
Speaker 16: four and a half percent by the middle of the year,
27:42
Speaker 16: and the real thing will be how long the dep
27:45
Speaker 16: prices hold up for, or wouldly determine how long that
27:47
Speaker 16: in place of rate holds up for as well?
27:49
Speaker 3: What about core inflation?
27:52
Speaker 16: Yeah, that should sort of pick up the result. Back
27:54
Speaker 16: numbers have it at two point eight percent. I think
27:57
Speaker 16: the real worry for them will be if we see
27:59
Speaker 16: a sign that the price increases are widenly become more
28:03
Speaker 16: board based. I think that is a much more serious
28:05
Speaker 16: problem than just a few things going up. If everything
28:08
Speaker 16: starts to go as well.
28:10
Speaker 3: How high do you think it's going to go?
28:11
Speaker 2: But you know, obviously north of four percent next quarter
28:14
Speaker 2: and beyond that, but how high will it go at
28:16
Speaker 2: this point? Do we have a firmer reading than we
28:19
Speaker 2: did a couple of weeks ago.
28:21
Speaker 16: The thing is not really it's already determinesbout what's happening globally,
28:25
Speaker 16: and you know, we had signs where there was a
28:28
Speaker 16: ceasefire and now things look to be breaking down. You know,
28:30
Speaker 16: the straight up home moves is closed. It's not just
28:33
Speaker 16: oil prizes, it's fertilizer, it's freight. Diesel is a key
28:37
Speaker 16: component for the supply chain in New Zealand. So we're
28:40
Speaker 16: looking at potentially very wide spreads increases. So our central
28:44
Speaker 16: scenario has four about four and a half percent in
28:46
Speaker 16: Q two and then holding to about four percent by
28:50
Speaker 16: the end of the year. It will all go higher
28:52
Speaker 16: than that. So really, for the Reserve Bank, this sort
28:55
Speaker 16: of thing is as a west case scenario. They can't
28:58
Speaker 16: really address this straight up way the real people for
29:01
Speaker 16: them will be how long this holds up?
29:03
Speaker 2: For Mark, the reserve banks always said we'll look through
29:07
Speaker 2: the first round of inflation, will look through this stuff,
29:09
Speaker 2: and then we'll only bother acting if we get to
29:12
Speaker 2: the second wave.
29:13
Speaker 3: When would a second wave come?
29:16
Speaker 16: Yeah, again, that's hard to know. That I think in
29:19
Speaker 16: our view is the expectations that inflation will hold up
29:22
Speaker 16: for a while. If it looks like it's holding up
29:25
Speaker 16: well into next year, the boss of our figures you
29:28
Speaker 16: inflation arenlike it go below three percent by the middle
29:32
Speaker 16: of next year. If it's looking like it's been holding
29:34
Speaker 16: up for longer, well, that it really means is the
29:37
Speaker 16: reserve they cat to get a move on. And at
29:39
Speaker 16: the moment we expect the cash rate to go up
29:42
Speaker 16: from September only very gradually. The cash rate is still low.
29:47
Speaker 16: If inflation looks like it's going to be holding up
29:49
Speaker 16: for longer, we can will see the cash right move
29:52
Speaker 16: by slightly more than we were expecting.
29:54
Speaker 2: Mark Smith, asb Senior connos with us this morning. It's
29:57
Speaker 2: nine minutes away from six So Karne he's feeling pretty good.
30:01
Speaker 2: He's feeling pretty emboldened over in Canada after he got
30:05
Speaker 2: the majority. So they had a couple of by elections,
30:07
Speaker 2: gets a majority. And now he's coming out saying, hey, Trump,
30:11
Speaker 2: we're cutting ties.
30:13
Speaker 17: Many of our former strengths based on our close ties
30:16
Speaker 17: to America have become our weaknesses, weaknesses that we must correct.
30:21
Speaker 17: Workers in our industries most affected by US tariffs in
30:25
Speaker 17: autos and steel in lumber.
30:27
Speaker 3: Are under threat.
30:28
Speaker 17: Businesses are holding back investments, restrained by the poll of
30:31
Speaker 17: uncertainty that's hanging over all of us. The US has
30:34
Speaker 17: changed and we must respond.
30:36
Speaker 2: Interesting, isn't it. This is what Trump's doing to the
30:39
Speaker 2: allies and let alone the enemies. Now the refunds, just
30:42
Speaker 2: on the tariffs, I mentioned a couple of weeks ago
30:44
Speaker 2: that they would start doing it. Well, they're starting to
30:46
Speaker 2: do the refunds.
30:47
Speaker 3: So this is too.
30:48
Speaker 2: The importers in the US one hundred and sixty billion
30:51
Speaker 2: US dollars that they will have to give back after
30:54
Speaker 2: that court ruling that said the tariffs are basically illegal.
30:57
Speaker 3: Starts today eight to six.
30:58
Speaker 1: News Talk SeeDB on your radio and online on Iheard
31:03
Speaker 1: Radio Early Edition with Ryan Bridge and Spark for Business
31:08
Speaker 1: Technology that keeps Business Moving, News Talks, the BS.
31:11
Speaker 2: Talks a bit six minutes away from six. Mike's with
31:14
Speaker 2: us this morning, as he always this morning.
31:15
Speaker 4: Mike Ryan, what a thrill now you would.
31:18
Speaker 2: Have you were watching Postcave because we're just talking about
31:20
Speaker 2: it yesterday. But how great is it that parents are
31:23
Speaker 2: getting their kids to school and all of the handwringing
31:26
Speaker 2: about the petrol and kids are going to school.
31:29
Speaker 3: Yeah, the numbers haven't changed.
31:30
Speaker 4: No, that is true, and I'm encouraged about that.
31:32
Speaker 18: My only concern about that, and we'll talk about it
31:34
Speaker 18: briefly this morning, is you can't argue with it. I
31:37
Speaker 18: mean if you're a relief teacher. And I know a
31:39
Speaker 18: lot about relief teachers because the kids at school most
31:42
Speaker 18: of the time are in front of a relief teacher. Unfortunately,
31:45
Speaker 18: that's just how life works. So if you ring up
31:47
Speaker 18: the relief teacher and they go, look, I tell you what,
31:49
Speaker 18: I've got three offers today, I will go to the
31:52
Speaker 18: closest one. That's a genuine problem totally. But then the
31:55
Speaker 18: counter problem to that is, well, we all have to
31:57
Speaker 18: drive to work, and we've all got to pay the
31:59
Speaker 18: price of drive into work. So what's so special about
32:01
Speaker 18: a relief teacher.
32:02
Speaker 2: Well, the fact that they are driving to a rural area,
32:06
Speaker 2: so you.
32:07
Speaker 4: Either want problem.
32:07
Speaker 18: So what I've found interesting and no one's picked it
32:09
Speaker 18: up and really run with it until yesterday, is why
32:12
Speaker 18: are schools on boilers?
32:14
Speaker 4: I mean, are you serious? Is it nineteen thirty two?
32:17
Speaker 3: Yeah, we did.
32:17
Speaker 2: It had to be a couple of weeks ago about
32:19
Speaker 2: how they are just trying to get some heat pumps.
32:21
Speaker 3: You know, can we just get a heat pumps?
32:23
Speaker 18: Some money, We're going to get some heat. It's like boilers,
32:25
Speaker 18: Are you serious?
32:26
Speaker 2: Hey, everyone's going nuts on the text machine this morning
32:28
Speaker 2: because I dared to suggest that perhaps migrants might be
32:31
Speaker 2: good for immigration. They are exactly And what do people want, Like,
32:35
Speaker 2: what do you want from your migrant neighbor? Do you
32:38
Speaker 2: want them to come over and break bread and watch rugby?
32:41
Speaker 2: Do you need them to do that? Well, it's it's
32:43
Speaker 2: it is racism. There's no way around it.
32:44
Speaker 18: I mean, if you look at the numbers, and they
32:46
Speaker 18: are interesting numbers, it's China, the Philippines and India.
32:50
Speaker 4: If you look the bulk of the numbers, and the Brits, yeah,
32:53
Speaker 4: there's a few in there.
32:54
Speaker 18: But I mean, if you if you listen to shame,
32:56
Speaker 18: that's the worst of New Zealand first, you know the
32:58
Speaker 18: butter chick and stuff. That's the scene, you know, for
33:00
Speaker 18: all the good that Peter's does and for all the
33:02
Speaker 18: good that shane might do on oil and all that.
33:04
Speaker 18: So then they say stuff like that and that takes
33:06
Speaker 18: us back to nineteen sixty seven and we look like
33:09
Speaker 18: a little myopic x England, you know, little Britain, and
33:12
Speaker 18: there's something something wrong.
33:14
Speaker 3: With that totally. And without migrants the economy falls apart.
33:17
Speaker 18: We need more people. I've always argued five million isn't
33:20
Speaker 18: nearly enough. Yeah, we need I mean, look geographically we're
33:24
Speaker 18: the same as Britain, right yep. So they got sixty six,
33:26
Speaker 18: we've got five.
33:27
Speaker 4: You know, work it out.
33:28
Speaker 18: But there's a group of people, and I suspect there's
33:30
Speaker 18: there are a reasonable sized number of people who simply
33:33
Speaker 18: don't want more people, and.
33:34
Speaker 3: They don't like foreign texting us right now.
33:37
Speaker 2: Well, it's your audience and they'll be basically your audience
33:40
Speaker 2: voting for Winston Peters too.
33:43
Speaker 4: Anyway, that and a whole bunch of other stuff.
33:44
Speaker 2: Fantastic you're on news talks. They'd be Mike with the
33:47
Speaker 2: next have a great day Sea.
33:48
Speaker 1: Tomorrow for more from early edition with Ryan's Bridge. Listen
33:58
Speaker 1: live to news talks it'd be from five am weekdays,
34:02
Speaker 1: or follow the podcast on iHeartRadio