Latest / Early Edition with Ryan Bridge / Full Show Podcast: 30 January 2026

Transcript

Full Show Podcast: 30 January 2026 · Early Edition with Ryan Bridge

0:01
Speaker 1: The issues, the interviews and the insight. Ryan Bridge on
0:05
Speaker 1: Earli edition with one roof love where you live news talks.
0:09
Speaker 2: There'd be good morning. It's six half and five. Great
0:11
Speaker 2: to have your company. The town that's been cut off
0:13
Speaker 2: from insurance. We're in the UK with Vincent this morning.
0:16
Speaker 2: Why is the slavery law only for big business? Brad
0:20
Speaker 2: Olson a bit worried about the recovery, will speak to him.
0:22
Speaker 2: And more export records have been broken, which is great
0:26
Speaker 2: news this morning. The agenda right air of thirtieth of January.
0:31
Speaker 2: Trump's borders artists Tom Homan. We told you yesterday he'd
0:34
Speaker 2: be going into Minneapolis, and he's now saying I'm going
0:36
Speaker 2: to do everything by the book.
0:38
Speaker 3: Withdrawal of wildforce resources here this dependent of Pine co operation,
0:43
Speaker 3: like I said, one age drest of one bait, bad games,
0:46
Speaker 3: jail Mew plays station sin A Street.
0:48
Speaker 4: We have some agreements.
0:49
Speaker 5: We got more talk about how are we going.
0:51
Speaker 3: To implement this agreements.
0:53
Speaker 4: We are a n Scherner and our mission at all.
0:57
Speaker 2: Smoke Starma has gone to see she. Everybody's sort of
1:01
Speaker 2: running from Trump into the arms of shijiping in China.
1:04
Speaker 2: We had carne there last week this week it's Starma
1:06
Speaker 2: and he's announced that UK citizens will be able to
1:09
Speaker 2: travel visa free to China up to thirty days travel. Also,
1:13
Speaker 2: they've done a deal on Whiskey, a.
1:14
Speaker 6: Very good constructive meeting with real outcomes, and that's very
1:18
Speaker 6: much in our national interest.
1:19
Speaker 2: The relationship is in a good place, a strong place
1:23
Speaker 2: now Iran. This is obviously because the American armada builds
1:27
Speaker 2: up in the Middle East. Iran's holding talks with Turkey tomorrow.
1:31
Speaker 2: Turkey's offering to mediate to ease the tentions. Here's the
1:34
Speaker 2: EU Foreign Policy chief on all this.
1:36
Speaker 7: We are putting new sanctions on the list, and I
1:39
Speaker 7: also expect that we agree on listing the Iran Revolutionary
1:45
Speaker 7: Guard on the terrorist list. If you act as a terrorist,
1:48
Speaker 7: you should also be treated as as terrorist.
1:51
Speaker 2: Now, I'll tell you, because we know a lot about
1:53
Speaker 2: the American military might what about the Iranians is what
1:58
Speaker 2: are there stockpiles like? I'll tell you a little more
2:00
Speaker 2: about that during the program as well. It's eight after five.
2:03
Speaker 1: On your radio and online on iHeartRadio Early Edition with
2:07
Speaker 1: Ryan Bridge and one roof Love where you Live News Talk.
2:12
Speaker 2: Sa'd be nine two nine two. Would love to hear
2:14
Speaker 2: from you. On Friday morning, I just listened to the news.
2:17
Speaker 2: Neva was talking about why Tongue you should Luxon go.
2:22
Speaker 2: You know, we have this question every year and it
2:24
Speaker 2: does get a little bit boring, doesn't it. He went
2:26
Speaker 2: to South Island last year. This time they are coming up,
2:30
Speaker 2: so basically he's going to have no choice but to go.
2:32
Speaker 2: You would have thought all the other party leaders are going,
2:35
Speaker 2: and you know who really cares. The interesting thing I
2:39
Speaker 2: think is this pole that came out the other day
2:41
Speaker 2: and I mentioned to you yesterday that this is an
2:43
Speaker 2: rin Z pole and it was a you know, they asked,
2:45
Speaker 2: as the treaty you have too much influence on government
2:48
Speaker 2: and executive power in New Zealand, and most forty percent
2:52
Speaker 2: of people the biggest response was yes, there's too much
2:55
Speaker 2: influence of the treaty. But in that same poll, what
2:58
Speaker 2: I didn't tell you is that they also so asked
3:00
Speaker 2: should luxe and go to White Hang And you could
3:03
Speaker 2: make the case that's a bit of a stupid question
3:05
Speaker 2: to ask people if you're going to spend that much
3:06
Speaker 2: money on a pole, But whatever, it's not my decision,
3:09
Speaker 2: is it. But most people said, yeah, he should probably
3:12
Speaker 2: go there, and I find that interesting because on the
3:15
Speaker 2: one hand you've got people saying, yeah, the treaty's probably
3:18
Speaker 2: gone a bit too far and lower. On the other hand,
3:21
Speaker 2: they're saying, yeah, but you're still going to go see it.
3:23
Speaker 2: You see them, You've still got to go front up
3:25
Speaker 2: like that's part of the job. And I kind of
3:28
Speaker 2: agree with that. You know. Halen Clark, remember she cried
3:31
Speaker 2: on the there's the lower Madi the t t medi,
3:33
Speaker 2: which they don't do anymore, but she cried she was
3:36
Speaker 2: leader of the opposition. Went their shed the tears, except
3:39
Speaker 2: everyone has to go and do their penance. You know
3:42
Speaker 2: Don Brash, I remember he got mud thrown it in
3:45
Speaker 2: one year. Everyone knows about what happened to Stephen Joyce
3:49
Speaker 2: and the thing to the face John Key the two
3:53
Speaker 2: thousand and nine. He went there and these two guys
3:55
Speaker 2: came out and grabbed him as he was trying to
3:58
Speaker 2: get onto them at I they say, none of you can't,
4:00
Speaker 2: I'm not like jostled and grabbed him. All got a
4:02
Speaker 2: bit physical. The DPS had to get involved. I've been
4:04
Speaker 2: there a couple of times as the politicians have come on,
4:07
Speaker 2: and I remember one time Hekia Prata. The abuse that
4:12
Speaker 2: she copped walking on to the lower t team at
4:15
Speaker 2: I was outrageous. Some of the worst stuff I've ever
4:20
Speaker 2: heard yelled at a politician ever. But you've got to
4:24
Speaker 2: do it. It's just part of the job, isn't it.
4:26
Speaker 2: And I think most kiwis would say, yeah, like you
4:29
Speaker 2: can disagree on stuff, you can change the laws, you
4:31
Speaker 2: can change the rules, et cetera. But at the end
4:34
Speaker 2: of the day you should be able to go there,
4:36
Speaker 2: have a civil conversation and leave with your head held high.
4:41
Speaker 2: And I think that's probably what he will do. Come
4:44
Speaker 2: this way, tonguey day, just gone ten after five Bridge
4:47
Speaker 2: Brad Olson a little bit worried about the recovery is
4:50
Speaker 2: Brad will talk to him.
4:51
Speaker 1: Next Views and Views you Trust to start your day,
4:55
Speaker 1: it's Earlierediship with Bryan Bridge and one roofe Love where
4:59
Speaker 1: you Live News talks that'd be by thirteen.
5:01
Speaker 2: We'll find out why only the really big business is
5:04
Speaker 2: the ones making loads of money in New Zealand are
5:06
Speaker 2: the ones that will be covered by this modern slavery
5:08
Speaker 2: bill and why not the small ones? Just about ten
5:10
Speaker 2: minutes time from now, first though Business Confidence this came
5:13
Speaker 2: out yesterday. Business confidence was down slightly, although still pretty
5:18
Speaker 2: smoke and hot when you consider that the number we
5:20
Speaker 2: had for December was a thirty year high, so December
5:23
Speaker 2: was seventy three points Sex. We've come back to sixty
5:26
Speaker 2: four point one. That is still high. This is ain
5:28
Speaker 2: Z's New Zealand Business Outlook own activity. Little worryingly that
5:33
Speaker 2: was that's dropped nine points, but at fifty two is
5:36
Speaker 2: still pretty good for historically. Inflation indicators ticking up just
5:41
Speaker 2: to touch as well. It's thirteen after five, ran Brad Olson.
5:45
Speaker 2: Infanmetric's principle of communists with us this morning because Infanmetric's
5:48
Speaker 2: latest report says a little bit worried about the recovery, Brad.
5:51
Speaker 2: What's worrying you? Good morning, Brad? Can you hear me
5:59
Speaker 2: right there we go?
6:00
Speaker 4: Can you hear me?
6:01
Speaker 2: Yes? I can. What's worrying you, Brad? Yeah?
6:04
Speaker 5: I think the concern at the moment is that the
6:06
Speaker 5: momentum behind the economic pickup that we keep talking about
6:09
Speaker 5: just seems to not be there, sort of as full
6:12
Speaker 5: as we hope. Yes, we're expecting the economy to pick
6:15
Speaker 5: up this year, but again we're just a bit cautious
6:17
Speaker 5: we said that last year, and I mean you just
6:20
Speaker 5: noted the likes of business confidence, yes high, that has
6:23
Speaker 5: pulled back a bit in recent times. You look at
6:25
Speaker 5: the number of job ads in the economy, they were
6:27
Speaker 5: showing a bit of momentum last year, but again not
6:31
Speaker 5: sort of convincing. They dropped a bit in December spending
6:35
Speaker 5: activity from households, which you know, if interest rates were down,
6:38
Speaker 5: you'll be expecting households to pick up their spending. Well,
6:41
Speaker 5: it was up in November, but then fell back in December,
6:44
Speaker 5: the big spend up before Christmas. So we're just a
6:47
Speaker 5: little bit worried that looking at the numbers, it's not
6:49
Speaker 5: that we're sort of seeing this full throated sort of
6:51
Speaker 5: growth coming through, and that just sort of sets a
6:54
Speaker 5: little bit of an uneasy tone for the year.
6:56
Speaker 2: Where is that because we are a little burnt by
6:59
Speaker 2: the fire storm we had last year.
7:02
Speaker 5: Well, it's certainly part of our worry. And look as
7:04
Speaker 5: economic forecast as we understand that as well. We were
7:07
Speaker 5: the ones talking about this sort of pickup in twenty
7:10
Speaker 5: twenty five that didn't really materialize. And I think part
7:14
Speaker 5: of it is that, you know, households have been through
7:16
Speaker 5: so much the last couple of years. They are the
7:18
Speaker 5: ones that will need to drive, you know, the economic recovery.
7:21
Speaker 5: They'll need to be letching onto those lower interest rates
7:24
Speaker 5: and then starting to spend. But they also need to
7:27
Speaker 5: be a bit more convinced that job opportunities are starting
7:31
Speaker 5: to come through. Otherwise everyone goes into their shell. And
7:34
Speaker 5: of course, with inflation starting to be a little bit
7:37
Speaker 5: more intense than anyone had hoped or expected, it all
7:40
Speaker 5: just sort of creates a set of conditions where again
7:43
Speaker 5: we're still forecasting that things grow, We're still confident that
7:46
Speaker 5: things pick up, but looking at the numbers, we're not
7:49
Speaker 5: sort of as convinced as we might have felt, say
7:51
Speaker 5: a couple of months ago, And it really does sort
7:54
Speaker 5: of suggest that the numbers at the moment are sort
7:56
Speaker 5: of we're lacking a bit of conviction that it's going
7:59
Speaker 5: to caninue to come through. And so it is very
8:02
Speaker 5: much a cautious start to the year.
8:04
Speaker 2: What do you need to see, Brad to make you
8:06
Speaker 2: not cautious?
8:08
Speaker 5: Well, I think probably the same as households, it will
8:10
Speaker 5: be some of those labor market indicators who will be
8:13
Speaker 5: wanting to see the likes of job numbers start to
8:16
Speaker 5: push up a bit higher than number of jobs being
8:18
Speaker 5: advertised start to rise as well. And I think again
8:22
Speaker 5: we've got next week some more labor market data about
8:25
Speaker 5: the unemployment rate.
8:26
Speaker 2: We will be looking.
8:27
Speaker 5: Quite closely at that, just to try and understand the
8:29
Speaker 5: sort of momentum we know that businesses themselves. Yes, you've
8:33
Speaker 5: noted business confidence is high, but I think also you
8:36
Speaker 5: haven't actually seen as much hiring as people might have expected.
8:40
Speaker 5: Job add numbers are up sort of about ten percent
8:43
Speaker 5: from a low of a year ago. Still, though you're
8:45
Speaker 5: seeing three point five times more job applications for every
8:49
Speaker 5: ad than pre pandemic, So people are still a bit
8:53
Speaker 5: cautious about their hiring intentions. And look, if you're out
8:56
Speaker 5: there and going, look, my mortgage rate is lower, but
8:58
Speaker 5: I can't pay a mortgage if I don't have job.
9:00
Speaker 5: So if I'm not confident there's another opportunity out there,
9:03
Speaker 5: I'm still going to act pretty constrained. That's sort of
9:05
Speaker 5: the level of caution we're worried about. That's what if
9:08
Speaker 5: we can turn it around, we'll start to provide a
9:11
Speaker 5: bit more gross.
9:11
Speaker 2: All right, appreciate your time. Brad Brad at Olsen infor
9:14
Speaker 2: Metric's chief executive and economists with us this morning. Time
9:17
Speaker 2: is seventeen minutes after five News Talks. Hed B will
9:20
Speaker 2: talk the Slavery Anti Slavery Bill, next, the.
9:26
Speaker 1: News you Need this morning, and the in depth Analysis
9:29
Speaker 1: early edition with Ryan Bridge and one Roote Love where
9:33
Speaker 1: you Live. News Talks'd be.
9:35
Speaker 2: Five nineteen on your Friday morning. Great to have your company.
9:38
Speaker 2: I was reading this report this morning from the Global
9:40
Speaker 2: Energy Monitor. We've talked about them on the show before,
9:43
Speaker 2: but they've been looking at what demand there is for
9:46
Speaker 2: gas and how much countries like America, for example, are
9:50
Speaker 2: doing to get it out of the ground. Americans are
9:53
Speaker 2: absolutely loving gas, even if we're starting to turn away
9:56
Speaker 2: from it. So the US is leading a new global
9:59
Speaker 2: surge in gas fired power generation. It is a record
10:03
Speaker 2: boom time. What's driving it, unsurprisingly, data centers and AI
10:08
Speaker 2: because we like to do the AI searchers and sound smart.
10:11
Speaker 2: Now they've got projects in development. This is globally expected
10:15
Speaker 2: to grow existing global gas capacity by nearly fifty percent.
10:21
Speaker 2: That's for the entire world and in the US. If completed,
10:26
Speaker 2: all of the projects that are underway will cause twelve
10:29
Speaker 2: point one billion tons of carbon dioxide emissions over their lifetimes,
10:34
Speaker 2: which is double the current annual output emission from all
10:41
Speaker 2: sources in the United States. Also, we can basically search
10:45
Speaker 2: on AI five twenty rain Bridge right. Bit of a
10:49
Speaker 2: bipartisan moment in the House for once. Yesterday, National and
10:52
Speaker 2: Labor of teamed up to essentially fast track a modern
10:55
Speaker 2: slavery law. It had forced big businesses one hundred million
10:59
Speaker 2: plus to manage slavery risks. Rebecca Armstrong, World Vision is
11:03
Speaker 2: with us this morning. Hey, Rebecca, good morning. So why
11:07
Speaker 2: is it only big businesses worth or doing revenue more
11:10
Speaker 2: than one hundred million? Do the small businesses not have
11:13
Speaker 2: anything to do with modern slavery?
11:16
Speaker 3: Small businesses absolutely do. Our research showed that small businesses
11:20
Speaker 3: are just as likely to have modern slavery as big businesses.
11:23
Speaker 3: I think though, that the bigger businesses have more leverage
11:27
Speaker 3: the resources to do this, and there's always a slow
11:30
Speaker 3: down effect that trickles down to medium and smaller businesses
11:33
Speaker 3: through this type of regulation.
11:35
Speaker 2: What's so, why what is the cost? It must be
11:38
Speaker 2: significant if small businesses couldn't hack it.
11:42
Speaker 3: No, that's not correct. There actually isn't a large cost
11:47
Speaker 3: to do with this law. It's actually quite practical and
11:50
Speaker 3: common sense. It's just that we find in other comparable jurisdictions,
11:55
Speaker 3: one hundred million is likely the number. And it's because
11:59
Speaker 3: of the levee that these companies have, and because you're
12:02
Speaker 3: not just talking about the big businesses but all of
12:05
Speaker 3: their suppliers. There is actually a downflow effect that will
12:08
Speaker 3: affect medium and smaller companies likely. Also, you see that
12:12
Speaker 3: sometimes these thresholds start higher and then reduce as more
12:16
Speaker 3: people become used to reporting in this type.
12:19
Speaker 2: Of regime, What am I meant to do? If I'm
12:21
Speaker 2: a big business and importing stuff from overseas or whatever,
12:25
Speaker 2: what am I actually meant to do?
12:28
Speaker 3: You're supposed to understand your supply chains in a way
12:32
Speaker 3: that you haven't before. So you need to understand where
12:36
Speaker 3: there is risk of modern slavery in your supply chain.
12:39
Speaker 3: So you might be working, for example, with a country
12:42
Speaker 3: that has difficult labor laws. You might be hearing allegations
12:47
Speaker 3: of really long working hours, people being underpaid. If you
12:50
Speaker 3: do hear those allegations of potential modern slavery, you'd be
12:53
Speaker 3: expected to hone in on that, understand what's happening, and
12:57
Speaker 3: then sort it out so that this doesn't happen again.
13:00
Speaker 3: This might be by interviewing your work as it might
13:04
Speaker 3: be changing suppliers or contractors, and then you're supposed to
13:08
Speaker 3: report on it in a transparent way to show that
13:10
Speaker 3: you are in good faith understanding your honest slavery obligations
13:14
Speaker 3: and reporting on these.
13:15
Speaker 2: So if I just don't talk to anyone, then I
13:18
Speaker 2: should you know you'd be fine because if you don't
13:20
Speaker 2: talk to me one, you don't hear anything, then you've
13:23
Speaker 2: absolved yourself with responsibility.
13:26
Speaker 3: Well, this is the point you're supposed to engage with
13:30
Speaker 3: your supply chain beyond care one and two. You're supposed
13:34
Speaker 3: to understand what's going on. You're supposed to report publicly,
13:39
Speaker 3: and there is some penalties if you don't report, if
13:43
Speaker 3: you are providing misleading information or dishonest reporting. But this
13:49
Speaker 3: doesn't apply to businesses that are acting in good faith.
13:52
Speaker 3: So it's a whole different ways looking where it's important
13:56
Speaker 3: that you make disclosures and make changes.
13:58
Speaker 2: Well, you have to basically there and check it out.
14:02
Speaker 3: Absolutely not. I think in a context like New Zealand's
14:06
Speaker 3: there'd be a lot of collaboration with companies working together,
14:09
Speaker 3: but you are supposed to have an understanding of what's
14:12
Speaker 3: happening in a different jurisdiction even if you're not there,
14:15
Speaker 3: And most companies do. They do have contractors that have
14:18
Speaker 3: strong relationships with us, or they do do audits sometimes,
14:22
Speaker 3: but and they do speak to their workers who are
14:24
Speaker 3: working in other places.
14:25
Speaker 2: All right, Rebecca Armstrong, World Vision, appreciate your time this
14:28
Speaker 2: morning twenty four minutes after five. If you're a business
14:31
Speaker 2: who does this or who does have supply chains overseas,
14:34
Speaker 2: we'd love to hear from you. Nine two nine two
14:36
Speaker 2: the number to text News Talks THEBB the early edition.
14:39
Speaker 1: Full the Show podcast on IRT Radio powered by NEWSTALKSB.
14:45
Speaker 2: Five twenty six News Talks THEBB. This week we've heard
14:47
Speaker 2: about another privacy breach with a law firm. We when
14:51
Speaker 2: you go out on the street, you know, go to
14:53
Speaker 2: the shopping mall, whatever, to the supermarket. You don't go
14:57
Speaker 2: around to random people who you don't know and give
15:00
Speaker 2: all of the details about yourself. Do you that you
15:02
Speaker 2: would find that a weird thing to do? But for
15:04
Speaker 2: some reason, when a business asks us online who we
15:10
Speaker 2: also don't know, will trust you just cannot shut us up?
15:13
Speaker 2: Name and address? Okay, yeah, totally phone number why not
15:17
Speaker 2: signature fill your boots. Don't even get me started on
15:20
Speaker 2: the credit card and the debit card. I was talking
15:22
Speaker 2: to a tech expert this week on the show, and
15:25
Speaker 2: what he said has been playing on my mind a
15:27
Speaker 2: little bit for two reasons. One, we've lost faith I
15:31
Speaker 2: think in companies to manage our data, I reckon, and
15:34
Speaker 2: not just companies, but the government too. Trust is kind
15:37
Speaker 2: of dead and it's very hard to earn that back.
15:41
Speaker 2: Nothing sacred anymore. We know that after the health hack,
15:44
Speaker 2: and in Finland a psychologist's notes were hacked so that
15:48
Speaker 2: the patients had all their secrets out there for some
15:51
Speaker 2: online ransom. Number Two, the penalties for businesses leaving the
15:55
Speaker 2: back door open for scammers is very low. This is
15:58
Speaker 2: what I learned. Maximum fine apparently is ten grand. So
16:03
Speaker 2: if a business gets your data stolen and then doesn't
16:06
Speaker 2: tell you about it, the maximum fine is ten grand.
16:10
Speaker 2: I know, I don't think it's big enough. Privacy Commissioner
16:12
Speaker 2: can also get involved. They can do compensation, but that
16:15
Speaker 2: has to be for really serious stuff. I reckon. They
16:17
Speaker 2: should make the find so massive, so enormous, so crippling,
16:22
Speaker 2: that businesses just stop asking for your information in the
16:25
Speaker 2: first place, let it all be anonymous. Assign people a
16:28
Speaker 2: random number. You don't need all their information, you don't
16:31
Speaker 2: need to collect all of that. So just don't you know,
16:34
Speaker 2: if the fines don't deter the behavior and the behavior
16:37
Speaker 2: doesn't stop, trust will further erode, and nobody be handing
16:40
Speaker 2: over their data in the first place. The Internet's just
16:43
Speaker 2: one big funnel collecting all about your privacy and releasing
16:47
Speaker 2: it to all in sundry. Now, I don't mean to
16:49
Speaker 2: pick just on the businesses here. Of course the scammers
16:51
Speaker 2: are the real jerks, but they're too hard to chase down,
16:54
Speaker 2: let's face it. Although I did note this morning that
16:56
Speaker 2: in China they have just executed eleven scammers from me,
17:00
Speaker 2: and of course do not condone that whatsoever against the
17:04
Speaker 2: death penalty, but probably sends a much stronger message than
17:07
Speaker 2: a measly ten k fine in New Zealand dollars. Bryan Bridge,
17:12
Speaker 2: twenty nine minutes, half five. WISPAC is packed part of
17:15
Speaker 2: the rate hiking cycle, which I can't believe we're entering.
17:19
Speaker 2: Already they're putting rates up. I'll tell you about those
17:21
Speaker 2: next plus we'll head to where are we going to
17:25
Speaker 2: the UK Vincent mcavnie is with US Live News Talk
17:29
Speaker 2: said B.
17:40
Speaker 1: You sad my heart from the theto the first word
17:48
Speaker 1: on the News of the Day early edition with Ryan
17:51
Speaker 1: Bridge and one Roofe Love where you Live News Talk said.
17:55
Speaker 8: B just for your time, pretty far away from six
18:01
Speaker 8: year on news tooks the'b we'll look at the Westport
18:03
Speaker 8: insurance problem before six this morning.
18:06
Speaker 2: Vincent is in the UK for US Star has been
18:08
Speaker 2: in China. He'll give us a wrap there. Lots of you.
18:11
Speaker 5: Look.
18:11
Speaker 2: No one likes modern slavery obviously, and I need to
18:14
Speaker 2: say that. But however, the bill that the Labor and
18:18
Speaker 2: National have come together and put forward. The two members
18:21
Speaker 2: have come to put this bill forward Act is not
18:23
Speaker 2: supporting an only party in Parliament. Apparently that said NAT
18:26
Speaker 2: not really into it, although they haven't officially said that.
18:29
Speaker 2: They've just said because the bill is not actually before
18:31
Speaker 2: the House yet, we haven't made a determination. But so
18:34
Speaker 2: there's wriggle room there, Ryan, Because we spoke to the
18:39
Speaker 2: World Vision about this a few moments ago. Ryan, would
18:42
Speaker 2: most businesses fall under this new bond slavery law by
18:45
Speaker 2: simply using or selling lithium batteries. Most of the coalbalt
18:49
Speaker 2: for these is mined in horrible conditions in the Congo.
18:52
Speaker 2: How far back do you go? Reason, it's a good question.
18:55
Speaker 2: Another says Ryan, Your guest is so far attached from
18:59
Speaker 2: reality it's not funny. Obviously has never worked for her self,
19:02
Speaker 2: importing products at any level and asking companies like ours
19:05
Speaker 2: to do their job for them or impose penalties as
19:09
Speaker 2: a complete joke. So and that's the thing, because remember
19:12
Speaker 2: we had the climate change regulations you had to comply with.
19:16
Speaker 2: They want to do pay the pay gap, gender pay
19:19
Speaker 2: gap requirements. I mean, how many reports do you write?
19:23
Speaker 2: And do these reports actually change the world? Bryan Bridge,
19:28
Speaker 2: twenty three away from six. Let's go to Emily Ansel
19:31
Speaker 2: for Dunedin News this morning. Emily, good morning, good morning.
19:34
Speaker 2: Now this is a big one. Clayton Weatherston sentence to
19:37
Speaker 2: life in prison with a minimum non parole period of
19:40
Speaker 2: eighteen years for the murder of Sophie Elliot. But we
19:44
Speaker 2: are looking at potentially parole today.
19:47
Speaker 9: Yes, So he's one of New Zealand's most violent murderers
19:49
Speaker 9: and he will appear before the parole board for the
19:51
Speaker 9: first time today. So Sophie Elliott says ex girlfriend was
19:55
Speaker 9: killed in Dunedin in two thousand and eight. Weatherston will
19:59
Speaker 9: remain in prison until he dies unless it's deemed he
20:01
Speaker 9: no longer poses a risk to the safety of the public.
20:05
Speaker 9: Sophie's father, Gil Elliott, believes there's no way the former
20:08
Speaker 9: Otago University tutor has changed. He says Weatherston is unpredictable
20:13
Speaker 9: and it would be a danger to the public if
20:15
Speaker 9: they let him out. Gil Elliott says the sentence he
20:18
Speaker 9: got was manifestly inadequate and eighteen years was never enough
20:22
Speaker 9: for what he did to his daughter.
20:24
Speaker 2: How's the weather, Emily.
20:25
Speaker 9: Fine then cloud increasing from late morning. Southwesterly is turning
20:28
Speaker 9: easterly in the afternoon with a high of nineteen degree.
20:32
Speaker 2: Thank you have a great day, cleasan christ to take Claire.
20:34
Speaker 10: Good morning.
20:35
Speaker 2: The muscle car thing that we talked about, the car
20:38
Speaker 2: show and all of the mud and all of the
20:39
Speaker 2: burnouts at the trouble makers are hopefully going to be
20:42
Speaker 2: kept away.
20:43
Speaker 10: Hopefully. The event, of course, as we talked about, celebrated
20:46
Speaker 10: at thirty six a year at the Young Yoda amp
20:49
Speaker 10: showgrounds last weekend. It was a pretty shocking event though
20:54
Speaker 10: the very recently seeded grounds turned to very thick mud
20:58
Speaker 10: that was due to the bad weather, of course, was
21:00
Speaker 10: both exacerbated by vehicles driving through it. And now the
21:03
Speaker 10: script here says in some cases, I think in a
21:06
Speaker 10: lot of cases, people were deliberately spinning their wheels. Now,
21:09
Speaker 10: the event founder is a guy called Craig Steer. He
21:12
Speaker 10: has sold the event, so this was his last year
21:14
Speaker 10: running it. But he says, look, the conditions did make
21:16
Speaker 10: it very difficult to keep order. That said, he thinks
21:19
Speaker 10: there's just a handful of troublemakers and he's going to
21:22
Speaker 10: be working with the event's new owner to ensure that
21:25
Speaker 10: those same people can't come back next year.
21:27
Speaker 2: All right, how's the weather cloud.
21:29
Speaker 10: Clearing to find this afternoon and returning again by night
21:32
Speaker 10: at northeasterly is developing into high of nineteen Good on
21:35
Speaker 10: you clear?
21:35
Speaker 2: Thank you. Max in Wellington, Haymax, Good morning in the
21:38
Speaker 2: council count Oh well, I still can't believe this.
21:42
Speaker 11: Yeah, we had the mayor in yesterday talking to Nick Mills.
21:44
Speaker 11: Right at the end of this regular slot. He sort
21:46
Speaker 11: of slipped in the fact that our ratepayers have been
21:49
Speaker 11: overcharged by about ten dollars each for one of the
21:52
Speaker 11: many levees that are included in their bills.
21:55
Speaker 2: Overcharged.
21:56
Speaker 11: Okay, don't think anyone's going to be very upset about that.
21:58
Speaker 11: That'll just come off their next bill. But it's the
22:02
Speaker 11: second time in just over a month there's been some
22:04
Speaker 11: kind of muck up with these rate payer bills. Last month,
22:07
Speaker 11: the city Council said it had undercharged rate payers by
22:10
Speaker 11: about three and a half million dollars in total for
22:12
Speaker 11: its sludge levy. Yeah. I'm not an accountant, but what's
22:17
Speaker 11: the equivalent of this happening in the bookkeeping world. Surely
22:19
Speaker 11: this is about as embarrassing as it gets. And when
22:21
Speaker 11: it happened the first time, there were calls for the
22:23
Speaker 11: council's a chief financial officer, Andrea Reeves, to stand down.
22:27
Speaker 11: This time, speaking to z B without any prompting, Andrew
22:30
Speaker 11: Little himself brought up Andrea Reeves by name defended her,
22:34
Speaker 11: said she recognizes the problem and has independent people coming
22:37
Speaker 11: in and telling her what has led to the mistakes.
22:40
Speaker 11: Pretty astonishing stuff.
22:41
Speaker 2: Which again you have to pay for them to come
22:43
Speaker 2: in and tell you what you've stopped stuffed at, don't
22:45
Speaker 2: you so? Okay, how's the weather? Yeap? Mostly fine? Southerly's
22:50
Speaker 2: twenty one nice one. Thanks Max. Enjoy your day, Neva
22:53
Speaker 2: in Auckland. Morning, Neva, good morning. We've had some I
22:55
Speaker 2: problems at hospitals.
22:56
Speaker 12: Yeah, shock horror. So look on the back of several
22:59
Speaker 12: Writy failures in recent weeks, Auckland and Northland hospitals now
23:02
Speaker 12: they were flung into disarray. This happened on Wednesday when
23:06
Speaker 12: clinical and operational systems they went down overnight. Health en
23:09
Speaker 12: Z says all but one outage this month are from
23:13
Speaker 12: third party vendor issues. But Olrish Speidel, he's the Auckland
23:17
Speaker 12: University computer science lecturer. He says that look, this is
23:21
Speaker 12: well obviously, as we know, impacting hospital's ability to function,
23:24
Speaker 12: which costs money. He's saying, look, it's an extremely complex
23:29
Speaker 12: IT environment and all of this complexity adds to the costs.
23:34
Speaker 12: So they've got to find something simple.
23:36
Speaker 2: And computer says no. For about ten hours.
23:40
Speaker 12: It's right that old chestnut.
23:42
Speaker 2: Hey, how's the weather Okay, early.
23:44
Speaker 12: Morning cloud otherwise fine, fine, fine, twenty five is high
23:47
Speaker 12: today and looking good for Auckland the whole weekend.
23:49
Speaker 2: Fantastic, Neva. I love that news, thank you. Eighteen minutes
23:52
Speaker 2: away from six, Ryan my Son went to Westpac Bank
23:55
Speaker 2: last week to refix his fixed rate for a mortgage
23:57
Speaker 2: and the rate was already high. Yes, we pack have
24:01
Speaker 2: yesterday gone even higher again. So they because the rate
24:04
Speaker 2: hiking cycle, like it or low, that is underway. It's happening.
24:08
Speaker 2: The banks are going after those longer term rates. You know,
24:11
Speaker 2: we've just come down the mountain and now we're going
24:13
Speaker 2: back up again. It's exhausting, honestly, West pack up the
24:16
Speaker 2: two year rate, eighteen month, three year rates. They've actually
24:19
Speaker 2: cut the six month rate. But who's going to be
24:21
Speaker 2: going for that? ASB and AMZ have already started increasing.
24:26
Speaker 2: And it's not just the ocr but the money markets
24:29
Speaker 2: are pricing and the risk. You know, internationally there's a
24:31
Speaker 2: lot of concern about the risk out there. That means
24:33
Speaker 2: your money costs a bit more. That means your rates
24:35
Speaker 2: are going up eighteen to six. We're in the US
24:38
Speaker 2: next quarter to six news talks, they'd be good news.
24:41
Speaker 2: More good news. On the export front, we have for
24:43
Speaker 2: the first time topped eighty billion dollars worth of exports
24:46
Speaker 2: for last year. That was up fourteen percent nine point
24:50
Speaker 2: nine billion dollars. This is on twenty twenty four numbers.
24:53
Speaker 2: But before you get too excited about a trade surplus.
24:56
Speaker 2: Potentially imports are actually higher as well, which is not unusual.
24:59
Speaker 2: But eighty two point nine billion dollars you trade deficitly
25:03
Speaker 2: for the year at two point two billion. That is
25:05
Speaker 2: down massively from twenty twenty four it was almost eight
25:08
Speaker 2: in a is the lowest outside of a COVID period,
25:11
Speaker 2: the lowest for a very long time. Thank you, milkpowder,
25:14
Speaker 2: Thank you butter, think you cheese.
25:16
Speaker 1: International correspondence with insign Eye Insurance, Peace of mind for
25:20
Speaker 1: New Zealand business.
25:24
Speaker 2: Right, it's going to Vincent mecaviny, a UK europe correspondent. Vincent,
25:27
Speaker 2: Good morning, good evening to you. Good morning. Now you've
25:30
Speaker 2: got an update on Starmer. Who's been in China.
25:34
Speaker 13: Yeah, that's right. This is the first UK Prime minister
25:36
Speaker 13: in eight years to visit China. It was all the
25:39
Speaker 13: way back when Theresa May was an office that she went.
25:41
Speaker 13: Since then, there's been a huge fallout between the UK
25:44
Speaker 13: and China over of course, the collapsing of the fifty
25:47
Speaker 13: year Hong Kong Agreement, and also China's trying to get
25:51
Speaker 13: its Huawei technology into the UK's telecommunications system, which was
25:56
Speaker 13: initially approved but then was rebuffed by our security. So
26:00
Speaker 13: things have been a little tense, which was reflected in
26:03
Speaker 13: the Starmer and President g meeting, G saying that the
26:07
Speaker 13: relationship had been at times fluctuating and calling for more stability.
26:12
Speaker 13: Some are saying that there are great opportunities between the
26:15
Speaker 13: two countries. It has been good for the UK so far.
26:18
Speaker 13: There's been investment announcements in China by UK companies. Also
26:23
Speaker 13: China looking to do deals on services with the UK
26:26
Speaker 13: and recognition of qualifications and there's only a huge drop
26:30
Speaker 13: in travel to China since the pandemic, but they're relaxing
26:33
Speaker 13: visa rules allowing British people to go to China for
26:36
Speaker 13: under thirty days for free. Now.
26:38
Speaker 2: The US built up in Iran and we've got more
26:41
Speaker 2: threats from the White House overnight. How worried are people
26:44
Speaker 2: in Europe about this?
26:47
Speaker 13: I think there is growing concern and I think the
26:50
Speaker 13: timing is such that I mean this carrier group, the
26:52
Speaker 13: Abraham Lincoln Carrier group of you know, several ships in
26:55
Speaker 13: this armada is now pretty much in place in the
26:59
Speaker 13: golf of it did want to launch an attack. We
27:01
Speaker 13: know that both US and UK jets have been repositioned
27:06
Speaker 13: into the Middle East, that certain anti anti missile defense
27:10
Speaker 13: systems have been deployed to bases and other nations in
27:14
Speaker 13: that part of the world. Trump, as you say, has
27:16
Speaker 13: warned around that time is running out and vowing that
27:19
Speaker 13: any US attack would be more violent and more extensive
27:23
Speaker 13: than the US intervention in Venezuela. I think a sign
27:26
Speaker 13: that they are taking this series despite the delay in
27:28
Speaker 13: Trump saying to the protesters, you know, we will come
27:30
Speaker 13: and help you. He didn't have the assets in place
27:33
Speaker 13: to actually do that. He was slightly caught off guard.
27:35
Speaker 13: I think how much the producer of the protesters took
27:39
Speaker 13: that to heart. But we'll see.
27:40
Speaker 7: Now.
27:41
Speaker 13: The Foreign minister in Iran is traveling to Anchor for
27:44
Speaker 13: talks to try to prevent any kind of US attack,
27:47
Speaker 13: but I think it might be too little, too late
27:49
Speaker 13: on that front. And as we know, Donald Trump is
27:52
Speaker 13: is wanting to flex as much and muscle as possible
27:55
Speaker 13: at the moment, so we could see in the next
27:57
Speaker 13: few days some kind of strike and maybe start once
28:00
Speaker 13: again on Iran's nuclear facilities, and then who knows.
28:03
Speaker 2: Vincent mcavany appreciate your time out UK europe correspondent. By
28:06
Speaker 2: the way, I had a look this morning, because we
28:08
Speaker 2: know how the American firepowers like, but what about the
28:12
Speaker 2: Iran especially after they were going helpfully that at Israel
28:17
Speaker 2: back in June. Seventy percent of their missile launching pads
28:21
Speaker 2: were destroyed in that so they are weaker, but they
28:25
Speaker 2: still have they reckon two thousand mid range ballistic missiles
28:28
Speaker 2: capable of reaching Israel. They also have a whole bunch
28:31
Speaker 2: of shorter range ones that could hit US bases and
28:34
Speaker 2: aircraft carriers in the region, so they may be weakened,
28:37
Speaker 2: but they are still potentially lethal. Ryan Bridge AA Insurance
28:41
Speaker 2: is an ounce they'll not be accepting any new insurance
28:44
Speaker 2: policies on homes in Westport. This is because the flooding
28:46
Speaker 2: the weather events. Daryl lou Is West Coast Regional Council
28:50
Speaker 2: Chief Executive with me this morning. Daryl, Good morning, Good
28:53
Speaker 2: morning Roland. This is temporary, isn't it. They said they
28:56
Speaker 2: will come back if you can show them it's safer.
29:01
Speaker 4: Yes, that's correct, it is temporary. West Coast Regional Councils
29:05
Speaker 4: are currently building seventeen kilometers of flood banking in the town,
29:09
Speaker 4: the first of a flood protection skinning for Westport, and
29:12
Speaker 4: as we do that, we'll write to all insurance companies
29:15
Speaker 4: and insurance Council with the revised flood hazard maps in
29:18
Speaker 4: the hope the insurance market will come back to bear
29:21
Speaker 4: with more favorable offerings for the town.
29:24
Speaker 2: Daryl, if you were wanting to take out a new
29:26
Speaker 2: policy on a new home, they would say no. But
29:29
Speaker 2: if you have an existing If someone has an existing
29:31
Speaker 2: policy on a home and they sell it is can
29:34
Speaker 2: the home continue to be covered?
29:37
Speaker 4: That's my understanding, but that's a question for the insurance company.
29:42
Speaker 4: What we want to try and do is really prime
29:45
Speaker 4: the insurance market and make it much more competitive by
29:50
Speaker 4: writing to all insurance companies once we start building and
29:54
Speaker 4: progressively build the flood the flood banks, to try and
29:58
Speaker 4: get a much more favorable insurance situation for the people
30:02
Speaker 4: of westbook Dal.
30:03
Speaker 2: Have they been specific about exactly what they would need
30:05
Speaker 2: to see before they come back.
30:08
Speaker 4: No, they haven't, But to be fair on we are
30:10
Speaker 4: meeting with them in a couple of weeks to discuss
30:12
Speaker 4: all of that and.
30:14
Speaker 2: What about the others any of them looking shaky.
30:20
Speaker 4: The the main insurance the town is AA, the predominant insurer,
30:23
Speaker 4: so really they've got the largest market share but they're
30:27
Speaker 4: respective of that. West Coast Origional Council wants to write
30:30
Speaker 4: to all insurance companies and the Insurance Council who have
30:34
Speaker 4: been in discussions with to try and get a better
30:39
Speaker 4: market going, you know from those insurance companies. Given the
30:42
Speaker 4: less of flood risk, Giving the investment we're making in
30:43
Speaker 4: the flood banking.
30:45
Speaker 2: And deal, who pays for that investment? Can the council
30:47
Speaker 2: afford to keep doing this or you know, and we've
30:50
Speaker 2: got a rates cap potentially coming, who pays for all
30:53
Speaker 2: this and is it a you know, are you asking
30:55
Speaker 2: for money from central government?
30:59
Speaker 4: For the last a few years, the central government has
31:02
Speaker 4: been back in providing funding for flood schemes for the
31:06
Speaker 4: first time since Minister worksdays and we're partnering and it's
31:10
Speaker 4: been and we're very grateful for it for the communities
31:12
Speaker 4: of the West Coast and right around New Zealand. From
31:15
Speaker 4: the regional council sector, we're partnering with the government with
31:18
Speaker 4: local money and government money going in to pay for
31:20
Speaker 4: these flood schemes.
31:21
Speaker 2: Darrell, appreciate your time. Darryl Lue, West Coast Regional Council
31:24
Speaker 2: Chief Executive time is eight minutes away. From six. News
31:27
Speaker 2: Talk SETB.
31:29
Speaker 1: Get ahead of the headlines on early edition with Ryan
31:33
Speaker 1: Bridge and one roof Love where you Live, News Talks.
31:36
Speaker 2: EDB six Away from six. This is from James Ryan.
31:39
Speaker 2: We're a construction company. In order to tender for a job,
31:43
Speaker 2: we had to explain our process for monitoring modern slavery.
31:48
Speaker 2: How are we to know where all the stuff is
31:50
Speaker 2: coming from? More compliance costs And this is for a
31:52
Speaker 2: small business, obviously doing a tender for a bigger one
31:56
Speaker 2: News Talk seed B and Mike's here. Good morning Mike today.
32:00
Speaker 2: What's going on today?
32:01
Speaker 6: Well, we will talk about that. I'm trying to get
32:04
Speaker 6: excited about it, but you know, it's one of those
32:06
Speaker 6: things that goes nowhere. It's sort of theoretical. It's very
32:09
Speaker 6: labor I'm surprised nationals involved in this, so am I
32:11
Speaker 6: And it's no one disagrees with it, of course not,
32:15
Speaker 6: but how do you get you know, is the warehouse
32:17
Speaker 6: going to troll through every warehouse in Vietnam, Cambodiere and
32:20
Speaker 6: go what happens there?
32:21
Speaker 2: As somebody said, with your lithium batteries these days and
32:24
Speaker 2: made in the Congo, and the conditions are.
32:26
Speaker 6: Terrible and they are in everything and so under whose
32:29
Speaker 6: jurisdiction are you going, Yeah, you didn't do this. So
32:32
Speaker 6: this happened over in Africa. It's just the whole thing's
32:34
Speaker 6: too where we got bigger fish to fry.
32:36
Speaker 2: And I think David Seymour had a good point when
32:38
Speaker 2: he said, why only business is worth more than one
32:41
Speaker 2: hundred million dollars to the smaller ones is modern slavery.
32:44
Speaker 6: If you're interested, you know it's honestly, we need to
32:48
Speaker 6: tell you. What I've been being on about all week
32:50
Speaker 6: is this business of the big picture. Remember Matata, the
32:53
Speaker 6: little town where they had to move. This happened in
32:55
Speaker 6: two thousand and five, two thousand and six, right, so
32:57
Speaker 6: the flooding started and they said we're gonna have to
33:00
Speaker 6: move this place, and so they started doing it in
33:03
Speaker 6: two thousand and six and it finished in twenty twenty one,
33:05
Speaker 6: so it took fifteen years. So my argument is, and
33:08
Speaker 6: I think the Prime Minister, if you looked at him
33:10
Speaker 6: in the chopper yesterday, I think he woke up because
33:12
Speaker 6: this business this week whereby we've got two million for
33:15
Speaker 6: you and thanks very much for coming, and we've got
33:17
Speaker 6: some contingency budgets somewhere to build some roads and bridges.
33:20
Speaker 2: I mean that's not a plan.
33:21
Speaker 6: No, yeah, and so that's not a long term and
33:24
Speaker 6: then suddenly in the post, guess what happens A going Sorry,
33:28
Speaker 6: I can't do it anymore. That's where this is going.
33:30
Speaker 6: And so you followed the story in Australia and they've
33:32
Speaker 6: been dealing with it four years. And if you go
33:34
Speaker 6: there one hundreds the Upper Hunter, there are people who
33:38
Speaker 6: can't get insurance. And if you can, it's fifty grand
33:40
Speaker 6: plus a year, so of course no one can afford it.
33:42
Speaker 6: So that's that's your reality.
33:43
Speaker 2: Move Westporters for yourself. Well, I mean no.
33:47
Speaker 6: Obviously morning to ringes of you go these cape and
33:51
Speaker 6: stuff where you go, how long are you going to
33:53
Speaker 6: stay there for? How long realistically are you going to
33:55
Speaker 6: stay there for? And I just think we're in this
33:57
Speaker 6: business of you know, the rubber hitting the road a bit.
34:00
Speaker 6: One's got a plan and everyone's just oh yeah, we'll
34:02
Speaker 6: just you know, get a couple of million there and
34:03
Speaker 6: we'll be fine, thanks very much. Bringing some fried chicken?
34:07
Speaker 2: Hey do you who do you think paid for the
34:09
Speaker 2: caves there?
34:10
Speaker 6: I would like to think it'll come to it'll certainly
34:14
Speaker 6: be the text payer, But I would like to think
34:16
Speaker 6: it was probably a whip rown with bishop. You would
34:20
Speaker 6: like to think, wouldn't I would like if it was
34:22
Speaker 6: you that you would pay for it.
34:23
Speaker 2: I would pay for it. No probo. All right, very good,
34:26
Speaker 2: have a great day. Everybody might see with your next
34:32
Speaker 2: You're in.
34:36
Speaker 1: For more from Early Edition with Ryan Bridge. Listen live
34:39
Speaker 1: to news Talks. It'd be from five am weekdays, or
34:43
Speaker 1: follow the podcast on iHeartRadio.