Latest / Early Edition with Ryan Bridge / Full Show Podcast: 13 March 2025

Transcript

Full Show Podcast: 13 March 2025 · Early Edition with Ryan Bridge

0:01
Speaker 1: The issues is the interviews and the inside. Andrew Dickens
0:06
Speaker 1: on early edition with one roof make your Property search simple,
0:11
Speaker 1: News talks at be.
0:13
Speaker 2: As Goodboarding to you, Welcome to your Thursday. You can
0:15
Speaker 2: almost smell the wiki and can't you thank you so
0:17
Speaker 2: much for joining us today. Coming up in the next hour,
0:20
Speaker 2: foreign investment rules are changing, so how happy are tech
0:24
Speaker 2: companies with the changes? Will have that story for you
0:26
Speaker 2: in five we have more confidence in our police. We'll
0:30
Speaker 2: talk to Laden Spadette about this in about ten minutes time.
0:33
Speaker 2: And the big Investment conference is kicking off today and
0:35
Speaker 2: we're going to talk to the auchand Chamber of Commerce
0:37
Speaker 2: head Simon Bridges about what he hopes from it just
0:40
Speaker 2: before six o'clock. We're going to have correspondence from right
0:43
Speaker 2: around the world and New Zealand much we can from
0:45
Speaker 2: America and you can text the program anytime you like.
0:48
Speaker 2: The number is ninety two ninety two or small charge appliers.
0:51
Speaker 2: You can email me Dickens at Newstalks atb dot co
0:54
Speaker 2: dot NZ. It's seven after five.
0:58
Speaker 1: The agenda, so it's.
0:59
Speaker 2: Thursday, thirteenth of March to the trade war we Go.
1:02
Speaker 2: Canada has announced retelliatory tariffs on more than twenty nine
1:07
Speaker 2: point eight billion dollars worth of US goods that's Canadian.
1:11
Speaker 2: This is after Donald Trump's twenty five percent tariffs on
1:14
Speaker 2: steel and aluminium came into effect. The tariffs include steel
1:17
Speaker 2: products with twelve point six billion Canadian as well as
1:21
Speaker 2: sports equipments, computers, and cast iron goods.
1:25
Speaker 3: It will put thousands of jobs at risk, and I
1:28
Speaker 3: would add all necessarily, and it will weaken North America's
1:32
Speaker 3: economic and national security. My dear friends, whether you're in Canada,
1:37
Speaker 3: in the United States, we cannot let uncertainty become the
1:40
Speaker 3: new certainty in North America. That cannot stand. That will
1:45
Speaker 3: make us less competitive. That's going to weaken US, and
1:49
Speaker 3: that's gonna affect our economic security.
1:52
Speaker 2: And the US Secretary of State Macco Rubios is tariffs
1:55
Speaker 2: are not there to punish other countries, but steel and
1:59
Speaker 2: aluminium national security concerns for the United States. Meanwhile, staying
2:03
Speaker 2: with mister Rubio, he says the ball is now in
2:05
Speaker 2: Russia's court when it comes to ending the Ukraine War.
2:08
Speaker 2: He says the US will speak with Russia today on
2:10
Speaker 2: a thirty day cease fired deal which Ukraine agreed to
2:14
Speaker 2: when they were talking to Saudi Arabia yesterday.
2:16
Speaker 4: We're going to bring it to them directly. We're going
2:18
Speaker 4: to say that Ukraine is prepared to stop all battlefield
2:22
Speaker 4: activity and began the immediate process of negotiating and enduring
2:26
Speaker 4: end of the war. And we'll see what the response is.
2:29
Speaker 4: If their response is yes, then we know we've made
2:32
Speaker 4: real progress and there's a real chance of peace. If
2:34
Speaker 4: their responses, know, it would be highly unfortunate. And then
2:37
Speaker 4: to make their intentions clear.
2:39
Speaker 2: Meanwhile, of course, Foreign Minister Wist Peter says, flying to
2:42
Speaker 2: Washington and we'll meet with micro Rubio in the coming days.
2:45
Speaker 2: And finally to Greenland we go, where their center right
2:49
Speaker 2: opposition has won a surprise general election victory. The voter
2:52
Speaker 2: course dominated by independents and US President Donald Trump's pledged
2:56
Speaker 2: to take over the island. So the winning parties the
2:59
Speaker 2: Demiccradhic Party, which favors a slow approach to independence from Denmark.
3:04
Speaker 2: They achieved around thirty percent of the vote, which is
3:06
Speaker 2: up from nine point one percent in twenty twenty one.
3:09
Speaker 5: They said that they will put the economy first and
3:11
Speaker 5: they've really focused on platus about sort of proving the
3:15
Speaker 5: business environment, and it seems that that that has drawn
3:17
Speaker 5: in fifty percent of the vote. You know, the very
3:20
Speaker 5: small party only four years ago. So it's a huge,
3:23
Speaker 5: huge shit.
3:24
Speaker 2: It's coming out ten past five.
3:27
Speaker 1: Andrew Dickens on the edition with one roof make your
3:31
Speaker 1: Property Search Simple used dog zibby to.
3:34
Speaker 2: The domestic controversy that is the green bin. So Fanganui
3:39
Speaker 2: is rebelling against that food waste program that many councils
3:42
Speaker 2: have adopted. More than that, it's been talked about these
3:45
Speaker 2: green bins becoming mandatory by some people. So Fanganui went
3:49
Speaker 2: down the path bought nineteen thousand bins, but it's now
3:52
Speaker 2: pulling out. So we all know about the green bin.
3:54
Speaker 2: Don't we yestick your food waste in it instead of
3:57
Speaker 2: down the waistmaster, instead of dumping it into the general
4:00
Speaker 2: and presumably other than putting it into your own compost bin.
4:03
Speaker 2: That's the hope. The idea came about to stop buyo
4:06
Speaker 2: waste fermenting in our tips. Last night the Hamilton Council
4:10
Speaker 2: said this is working. They say that methane emissions are
4:12
Speaker 2: there to have decreased, and of course they would decrease
4:15
Speaker 2: more if more people use the bin. This thing also
4:19
Speaker 2: came about because of all the crap we mash up
4:22
Speaker 2: in the waste master that then slurries its way throughout
4:25
Speaker 2: our pipes. We flush it down the drain, thinking what's disappeared,
4:29
Speaker 2: But it hasn't. It's fermenting down there under our streets,
4:32
Speaker 2: causing fat burgs and very expensive maintenance when it all
4:35
Speaker 2: stuffs up. And then, of course if it doesn't stuff
4:39
Speaker 2: up in a fat burg, it gets all the way
4:41
Speaker 2: to the wastewater pond, where that costs you in rates
4:45
Speaker 2: because it needs to be processed, and of course your
4:47
Speaker 2: rates might decrease if more people use the bin. So
4:51
Speaker 2: for the cost of eighty to ninety dollars a year,
4:53
Speaker 2: the councils who have adopted the plan are hoping that
4:55
Speaker 2: enough people use the bin to mean it's a zero
4:59
Speaker 2: sum or better solution for our rates. Our family use it.
5:03
Speaker 2: We used to compost all our stuff. We ended out
5:05
Speaker 2: with too much compost, so we just stick it in
5:07
Speaker 2: the bin. It's really simple, it's not hard, but many
5:10
Speaker 2: people cannot be bothered. Many people find the bin offensive,
5:14
Speaker 2: Many people can't see the logic, and many people are
5:16
Speaker 2: very angry at what they see as council's wasteful spending,
5:21
Speaker 2: so on that advice. In fang Anui, they've made nineteen
5:24
Speaker 2: thousand plastic bins and now they want to throw away
5:27
Speaker 2: nineteen thousand bins. Isn't that the most wasteful spending of
5:32
Speaker 2: them all? As it's twelve minutes after five Hey, and
5:36
Speaker 2: good news for long range trucking. The Desert Road reopens
5:39
Speaker 2: tomorrow after a two month rebuild. Twenty eight lane kilometers
5:44
Speaker 2: have been rebuilt, which is more than we're planned because
5:46
Speaker 2: the work progressed so well. We've got a bridge with
5:49
Speaker 2: a brand new deck on it. The road is getting
5:50
Speaker 2: fit for purpose now. Of course, it was criticism of
5:53
Speaker 2: the closure because of the distance of the detour and
5:55
Speaker 2: the length of the whole thing. But like all works,
5:58
Speaker 2: this has passed and it had to happen. It had
6:00
Speaker 2: to happen because the road was being torn apart by
6:03
Speaker 2: the big trucks we rely on because our rail service
6:05
Speaker 2: is so terrible. And now from tomorrow the country will
6:09
Speaker 2: have an asset that can can withstand the rigors of
6:13
Speaker 2: its use and of course the formidable climate in the region.
6:16
Speaker 2: And I know we bitch and we moan about roadworks
6:19
Speaker 2: from Roague cones and all the impositions they cause when
6:21
Speaker 2: they're happening, but you know they have to be done.
6:24
Speaker 2: It's like complaining about the smell of paint when you're
6:26
Speaker 2: repainting the house, but you know it has to be done.
6:29
Speaker 2: And bit by bit, the roads of as cities and
6:31
Speaker 2: state highways were finally getting to an acceptable standard. It's late,
6:34
Speaker 2: you have to say, it's taken time, but we are
6:38
Speaker 2: getting there. And by the way, there's more to come
6:41
Speaker 2: as we make State Highway won a tolerable road all
6:43
Speaker 2: the way from Tiro all the way to Wyotu. This
6:46
Speaker 2: is the price we have to pay to become a
6:49
Speaker 2: first world country. But thank god it's over. So enjoy
6:52
Speaker 2: your drive tomorrow because you know, there's nothing like the
6:55
Speaker 2: thrill of a new road. It's thirteen minutes half. So
7:01
Speaker 2: there are changes to the Foreign Investment Fund, which is
7:03
Speaker 2: supposed to make things easier for people with money overseas
7:06
Speaker 2: to invest in New Zealand. And I know from this
7:08
Speaker 2: conference which is starting today, they're really concentrating a lot
7:12
Speaker 2: on tech, a lot of smart tech, and on space.
7:15
Speaker 2: So will the changes to the Foreign Investment Fund actually
7:18
Speaker 2: make a difference to tech companies. We've got a tech
7:22
Speaker 2: entrepreneur joining us on the program. Next, this is News
7:24
Speaker 2: Talks Here.
7:25
Speaker 1: Big the first Word on the News of the Day,
7:28
Speaker 1: Early edition with Andrew Dickens and One Room Make Your
7:32
Speaker 1: Property Search Simple, New Talk.
7:35
Speaker 2: Nippy sixteen after five. Like to welcome to the program. Richard,
7:39
Speaker 2: the kayaker who takes me quite often. Why are you
7:42
Speaker 2: kayaking at this time at the morning, Richard, and you're
7:44
Speaker 2: out fishing? I love to know, but he says, I
7:46
Speaker 2: almost fell out of my kayak when I heard you
7:48
Speaker 2: say that rates would decrease. Fair point. Let me explain this.
7:52
Speaker 2: Are rates never decrease. Rates always increase. Inflation is forever.
7:57
Speaker 2: So when I say decrease, I mean the increase will decrease.
8:01
Speaker 2: Do you follow right? The government's proposing tax changes to
8:04
Speaker 2: make things easier for foreign investors setting new businesses in
8:08
Speaker 2: New Zealand. So countless tech companies choose to leave early
8:11
Speaker 2: into their business life, or they relocate to start in
8:14
Speaker 2: the first place because they feel that conditions are better
8:17
Speaker 2: overseas and there's more chance for growth. So these changes
8:20
Speaker 2: I hope to make it easier for them to start up,
8:23
Speaker 2: but they're most critically to stay and then grow. So
8:26
Speaker 2: Phase one Ventures CEO Mahesh modernly Da is joining me
8:31
Speaker 2: this morning. Hello, Mahash, What morning, Andrew? So how will
8:34
Speaker 2: these changes help tech startups like yourself?
8:37
Speaker 6: Yeah?
8:37
Speaker 7: So the change is that Revenue Minister some what has
8:43
Speaker 7: suggested is a change on rules that allow foreigners.
8:48
Speaker 6: To come in and also returning quees like myself to
8:51
Speaker 6: come back home.
8:52
Speaker 7: And make sure that out the unrealized.
8:56
Speaker 6: Assets it oversees aren't taxed in Australia, US, United Kingdom,
9:03
Speaker 6: Hong Kong, Singapore. When someone has unrealized gains like equity
9:09
Speaker 6: in a startup, equity in your startup that you built,
9:12
Speaker 6: it doesn't get tacked until it's realized. In New Zealand
9:16
Speaker 6: right now, it gets tacked even if it's not liquid.
9:21
Speaker 6: This prevents people who've done these school things and have
9:25
Speaker 6: all of these skills from coming to New Zealand or
9:28
Speaker 6: coming back home returning Hue too, because they're going to
9:31
Speaker 6: get tacked on task that they don't have.
9:33
Speaker 2: Of course, there's a bit of a no brainer. Really,
9:35
Speaker 2: you can't get text until you're making a profit. Meanwhile,
9:37
Speaker 2: you're trying to finance yourself and keep yourself going while
9:40
Speaker 2: you build the business. So that's a good thing. But
9:42
Speaker 2: is there anything they missed? Would you have liked to
9:44
Speaker 2: have seen more in the announcement?
9:47
Speaker 6: No, I think there's an opportunity to No. I think
9:51
Speaker 6: first of all, this is fantastic, right, Like we're coming
9:53
Speaker 6: up to turn with internship backed practice. One of the
9:58
Speaker 6: biggest reasons I was one of the first guys Canva.
10:00
Speaker 6: One of the biggest benefits for us at camera in
10:04
Speaker 6: Sydney was when Google Sydney set up shop in Sydney,
10:08
Speaker 6: and they wouldn't have set up shop if they had
10:09
Speaker 6: these kind of rules. So this allows for overseas investment
10:13
Speaker 6: to come in, stay and go, and then it's that
10:17
Speaker 6: skills transfer from these people to our entrepreners who are
10:21
Speaker 6: trying to do stuff and scale. There's an opportunity to
10:24
Speaker 6: consider if we can extend this to everyone, so it
10:29
Speaker 6: allows more and more fee to look up and start
10:32
Speaker 6: investing and playing a global game, which is nearly the
10:35
Speaker 6: number one thing we have to do to become more productive.
10:39
Speaker 6: And finally just set this up with international standards.
10:43
Speaker 2: Yes, well, you've talked about how you've come back to
10:45
Speaker 2: New Zealand and about how other New Zealand entrepreneurs have
10:49
Speaker 2: come back because you have faith in the country and
10:51
Speaker 2: now you've got some rules that are going to help
10:53
Speaker 2: you as well. But what I want to know is
10:54
Speaker 2: how common it is for companies to actually leave New
10:58
Speaker 2: Zealand having done the hard Judds being started out, but
11:01
Speaker 2: then leave because of the foreign Investment fund rules as
11:03
Speaker 2: they stand.
11:05
Speaker 8: Yeah, so why do why do companies leave?
11:06
Speaker 6: Companies leave because one they want to get talent from
11:11
Speaker 6: overseas and two because they want to access capital. Look,
11:16
Speaker 6: the largest capital market in the world easily and the
11:20
Speaker 6: best in the US. There are so many Americans who
11:23
Speaker 6: want to be in New Zealand. So can we get
11:26
Speaker 6: more of our tech companies staying here for their first
11:30
Speaker 6: four to five years? And once you stay four to
11:32
Speaker 6: five years, you're you're locked in.
11:34
Speaker 7: Right, So will they will they do their.
11:36
Speaker 6: Chance that they have belonging. Yes, an opportunity for the
11:41
Speaker 6: government to extend things further and financist nicols to talk
11:45
Speaker 6: about this is reducing corporate tax, but not that alone.
11:48
Speaker 6: Maybe even reduce income from your first over these five
11:53
Speaker 6: hundred thousand dollars made overseas or something along those lines,
11:57
Speaker 6: which then trigger entrepreneurs to like it makes that Obussey's
12:00
Speaker 6: dollars stay here longer.
12:02
Speaker 2: Mahesh, I thank you so much for your time today.
12:04
Speaker 2: Mahesh Moderrida, who is Phase one Venture's CEO. And he
12:07
Speaker 2: mentioned corporate tax. Yes, so the IMF came out and
12:10
Speaker 2: talked about corporate tax saying that New Zealand's corporate tax
12:13
Speaker 2: rates have to go down. I'm going to talk about
12:15
Speaker 2: this shortly, but next, Trust and the Police is up.
12:18
Speaker 2: We talk with Lance Burdett. Next. It's five twenty one.
12:24
Speaker 1: Get ahead of the headlines on early edition Andrew Dickens
12:28
Speaker 1: and One Room, Make your Property search simple news talk,
12:31
Speaker 1: said Bee.
12:32
Speaker 2: I was too keen to get back in the game.
12:34
Speaker 2: It's five twenty two, so good news. Our trust and
12:37
Speaker 2: Police is recovering. The latest crime and victim survey is
12:40
Speaker 2: out and sixty nine percent of people say they trust
12:42
Speaker 2: the police. This is good. The numbers are going in
12:44
Speaker 2: the right direction. That's still though, thirty one percent of
12:47
Speaker 2: people who don't trust the cops. So former police negotiator
12:50
Speaker 2: Lance Burnett is joining me in our Hello Lance, morning, Andrew.
12:54
Speaker 2: What are these numbers tell you?
12:57
Speaker 8: It's a good thing to be honest. I having confidence
12:59
Speaker 8: and please has a flow on effect. So you and
13:03
Speaker 8: we can talk about the crime stats that came out, Well,
13:05
Speaker 8: it depends on what you measure and they ebb and flow,
13:07
Speaker 8: But really it's that confidence in police. There has been
13:10
Speaker 8: a change in leadership at the top and I can
13:13
Speaker 8: see that immediately within the organization there is a positive impact.
13:17
Speaker 8: But a commissioner Richard Chambers, he has a frontline officer
13:20
Speaker 8: who has lots of experience and operations and he's putting
13:24
Speaker 8: that to the fore right. So he's made some changes
13:26
Speaker 8: at the top that's going to flow on down to
13:27
Speaker 8: the police themselves. You're now seeing more police out on
13:30
Speaker 8: the street. That's a great thing. We're going back to
13:33
Speaker 8: opening up stations that we're closed. See the idea of
13:37
Speaker 8: what is happening here is to be able to see police,
13:40
Speaker 8: to get them back into the community and that makes
13:42
Speaker 8: people feel safe. Therefore it lifts their confidence and more
13:47
Speaker 8: likely to report crime. Now, there could be a bit
13:51
Speaker 8: of a backlash, and sometimes there is that more people
13:53
Speaker 8: start to report crime, so we suddenly have this great
13:56
Speaker 8: fear factor of goodness me crimes going up. No, it's
13:59
Speaker 8: not have more confidence to report crime. So you can
14:03
Speaker 8: expect perhaps a little bit of a bullip, but it's
14:06
Speaker 8: a good thing. I'm seeing more cops around dow Auckland
14:09
Speaker 8: City and it's great to see them back walking on
14:11
Speaker 8: the street.
14:12
Speaker 2: And it's going back to first principles. We were trying
14:13
Speaker 2: to save money, but it was a silly decision. But hey,
14:16
Speaker 2: we still have thirty one percent of people who don't
14:18
Speaker 2: trust the cops. So what does that say to you.
14:22
Speaker 8: Well, that says to me, you're always going to have
14:24
Speaker 8: a number and it depends on the time of the
14:26
Speaker 8: survey whether they had a positive or negative interaction with police.
14:31
Speaker 8: For whatever reason. I ended up investigating police officers and
14:35
Speaker 8: what I found was most of the complaints were attitude
14:39
Speaker 8: or bad language, and so who hasn't said a bad thing,
14:43
Speaker 8: or who hasn't a bad day, and who hasn't had
14:45
Speaker 8: something happened before they go? So that could have an impact.
14:49
Speaker 8: But you know, I also want to come back to
14:51
Speaker 8: the fact that it's not just police that we need
14:53
Speaker 8: to focus on. If we're going to look overall at
14:56
Speaker 8: reducing crime, there's other agencies. Reducing poverty, education, and allowering
15:01
Speaker 8: unemployment are the three drivers of crime, so we can
15:04
Speaker 8: start focusing on them. But yeah, overall, I think this
15:07
Speaker 8: is a really good sign, a really good sign for
15:09
Speaker 8: the future.
15:09
Speaker 2: Lad, So thank you for your toime. Lanceperdetz, who is
15:11
Speaker 2: a former police and negotiator. Yes, the former commissioner talked
15:14
Speaker 2: about poverty and the drivers of crime, but maybe perhaps
15:17
Speaker 2: he was trying to run before he can walk. Now
15:19
Speaker 2: we're back to having cops on the beat and we'll
15:22
Speaker 2: see how we go going forward. It is now five
15:24
Speaker 2: to twenty six. It's News Talks at bea Good morning to.
15:26
Speaker 1: You, the early edition full show podcast on iHeartRadio. How
15:30
Speaker 1: it by News Talks at Me.
15:33
Speaker 2: News Talks AB now five twenty seven. It was a
15:35
Speaker 2: big deal for Rod Duke to go public with his
15:37
Speaker 2: concerns about the country. Yesterday, the managing director of Briscos
15:40
Speaker 2: was announcing his company's full year result. He did well,
15:43
Speaker 2: He held on to its revenue in a difficult year.
15:46
Speaker 2: They asked smart operators at Brisco's. They can bring blood
15:48
Speaker 2: out of a stone, it seems. But you know, it's
15:50
Speaker 2: not part of the job description for the managing director
15:52
Speaker 2: to pass comment on the government of the day. But
15:54
Speaker 2: he did, and he turned up on Ryan Bridges' show.
15:58
Speaker 2: But it is symptomatic of today's climate because we are desperate,
16:01
Speaker 2: we are sick of the doldrums. We want our captain
16:04
Speaker 2: to lead our way out of the quicksand so Rod,
16:07
Speaker 2: as a corporate leader and a leader in society, said
16:09
Speaker 2: the government needs to get it's us into gear and
16:12
Speaker 2: do something. He said, it's been a year since the
16:14
Speaker 2: last lot, so there's been more than enough time to
16:17
Speaker 2: get proactive. But then when he was asked, well, what
16:20
Speaker 2: should they do, he said, well, that's not my business.
16:22
Speaker 2: I just want them to get their ars into gear.
16:24
Speaker 2: And that's kind of the New Zealand problem right there,
16:27
Speaker 2: because we're really good at identifying problems, but we're not
16:30
Speaker 2: good at finding the solutions, so we moan about them
16:32
Speaker 2: all the time. Now, interestingly, yesterday we had the IMF
16:36
Speaker 2: come out and they said that New Zealand needs to
16:39
Speaker 2: lower its corporate tax because we were becoming uncompetitive. But
16:44
Speaker 2: they also said we need a capital gains tax because
16:46
Speaker 2: the country needs to balance its budget and we don't
16:49
Speaker 2: have enough revenue. So they were saying we need to
16:51
Speaker 2: spend and we also need to raise the revenue to spend.
16:55
Speaker 2: So the IMF has come up with an answer as
16:57
Speaker 2: the current government reducing corp tax, not so far. Meanwhile,
17:04
Speaker 2: is the Labor Party championing a capital gains tax? Well, no,
17:08
Speaker 2: not so far either. Is there any alph A party
17:11
Speaker 2: that's offering both, No, not so far. So where are
17:14
Speaker 2: the solutions? But thank you so much Rod Duke for
17:17
Speaker 2: telling us the problems and this peace process is a
17:21
Speaker 2: bloody business. They took away the military intelligence from Ukraine.
17:25
Speaker 2: Ukrainians died. Now that intelligence has returned, more Russians are
17:28
Speaker 2: about to die. Us says the pressure is back on Russia.
17:31
Speaker 2: Will be talking about this with Mitch McCann shortly here
17:34
Speaker 2: on News TALKSB.
17:41
Speaker 1: On your radio and online on iHeartRadio. Early edition with
17:46
Speaker 1: Andrew Dickens and One Roof To make your Property Search
17:49
Speaker 1: Simple Youth Talk said, be.
17:55
Speaker 2: You're forty two. Welcome to your thirst Day. I'm managed
18:03
Speaker 2: the consent for Ryan Bridge. This is early edition. I
18:07
Speaker 2: just said, we don't find solutions, but we know how
18:10
Speaker 2: to identify the problems. Getting solutions all over the place.
18:13
Speaker 2: On the text ninety two ninety two small charge applies,
18:15
Speaker 2: Nathan says, I've been saying this for years. I sent
18:18
Speaker 2: this exact text back in twenty twenty three. Lower the
18:21
Speaker 2: corporate tax rate to nine percent of make earnings and
18:23
Speaker 2: startups non taxable for the first three years, and make
18:26
Speaker 2: an environment for competition, not just more talking about the
18:29
Speaker 2: concepts of improvement thinking. Nathan. We've got a text from
18:33
Speaker 2: Steve who says provisional company tax taxes you before you
18:36
Speaker 2: earn it, and this is a major barrier for New
18:39
Speaker 2: Zealand businesses. They need to phase that out. Thank you
18:41
Speaker 2: for your suggestion, Steve. And another text says the capital
18:44
Speaker 2: gains tax wouldn't make a lot of difference. Andrew also
18:47
Speaker 2: actually identifying what it is is not as easy as
18:51
Speaker 2: some might think, and I thank you. Hey. The big
18:54
Speaker 2: sporting event this weekend is the Veloping Grand Prix. This
18:57
Speaker 2: thing is massive. It's sold out as soon as it
18:59
Speaker 2: went on. Say, I know because members of my family
19:01
Speaker 2: wanted to go and they couldn't. That's the measure of
19:04
Speaker 2: its popularity. And it's a credit to the city of
19:06
Speaker 2: Melbourne who took the Grand Prix from Adelaide and they
19:08
Speaker 2: made it into a premier world event. I so want
19:10
Speaker 2: to go. I want to go. The tills will be
19:13
Speaker 2: ringing in Victoria and this year we have a dog
19:15
Speaker 2: in the fight with Liam Lawson, who was on the
19:17
Speaker 2: Telly last night in the news with a big feature.
19:19
Speaker 2: He has instantly become a superstar. He's an extremely likable
19:23
Speaker 2: young man. He's got a great backstory. It doesn't hurt
19:26
Speaker 2: that he's pretty good looking. And you may have seen
19:29
Speaker 2: him last night that younger fans, particularly women, adore him
19:33
Speaker 2: and his was the story of the day. You say,
19:35
Speaker 2: he's made the cover of GQ with his Kiwi style
19:38
Speaker 2: and there's a big, huge article and he's revealed his
19:40
Speaker 2: parents sold their house to fund him into the sport
19:43
Speaker 2: and they still haven't bought a new one. This whole
19:45
Speaker 2: family is adorable. But at the end of the day,
19:48
Speaker 2: of course Liam just has to drive the car well,
19:51
Speaker 2: and that's all on his shoulders. But from the way
19:53
Speaker 2: I've seen him rise to every challenge that's been put
19:55
Speaker 2: before him, I have confidence that he's there for the
19:58
Speaker 2: long term. Twenty one So around the country we go
20:02
Speaker 2: Callen Proctor from Dunedan, Good morning.
20:04
Speaker 9: Good morning Andrew.
20:05
Speaker 2: Where are we at with this Dunedin bus hub stabbing trial.
20:09
Speaker 9: Well, look, it's nearing an end. The jury is now
20:11
Speaker 9: deliberating and they'll continue today. This is the trial into
20:14
Speaker 9: a fourteen year old accused of a fatal stabbing at
20:18
Speaker 9: our Central city bus hub. A sixteen year old and
20:21
Speaker 9: Eddie Tarne McLaren died of a single stab wound in
20:24
Speaker 9: Great king Street last May. The boys accused or the
20:27
Speaker 9: boy accused, has pleaded not guilty to his murder on
20:30
Speaker 9: the basis of self defense. Closing arguments were delivered to
20:34
Speaker 9: the jury yesterday, the Crown saying the accused deliberately attacked
20:38
Speaker 9: the victim of the knife. The defense has urged the
20:40
Speaker 9: jury to consider the boy's trauma and attempt to protect himself,
20:46
Speaker 9: and so those deliberations continue today.
20:49
Speaker 2: Who okay, So, how's the weather? Callum? How's the weather
20:54
Speaker 2: in Dunedin? And Callum has gone? Blake Benny joins us
20:58
Speaker 2: in christier.
20:59
Speaker 10: Tello Blake, good morning Andrew.
21:00
Speaker 2: So Christian jen zed and believes influences are very important
21:04
Speaker 2: in their social media strategy.
21:06
Speaker 10: That's Right newsort ze Bee can reveal the organization spent
21:09
Speaker 10: twenty seven thousand dollars on the stars within the last
21:12
Speaker 10: five years. Tartanki Auckland unlimiteds dished out one hundred and
21:15
Speaker 10: three thousand dollars, while Wellington and Dunedin are yet to
21:18
Speaker 10: jump on the social media influencer bandwagon Christ Church in
21:22
Speaker 10: Z spokesperson Steve Becky Hansen told me it hasn't undertaken
21:26
Speaker 10: a specific cost benefit analysis due to the limited use
21:30
Speaker 10: of influences so far, but he says it does have
21:32
Speaker 10: some measures of success within this space, so it includes
21:35
Speaker 10: things like post engagement levels, website referrals, and booking conversions
21:40
Speaker 10: through partner companies. Hey, Blake, how's your weather partly cloudy
21:44
Speaker 10: with isolated showers and southerly's turning easterly this afternoon. Hi
21:47
Speaker 10: have eighteen in the Garden City.
21:49
Speaker 2: And Adam Cooper joins us from Wellington. Hello, Adam, Holy Andrew.
21:52
Speaker 2: Love your multi level car park at the airport, but
21:54
Speaker 2: there's problems.
21:55
Speaker 11: Yeah.
21:55
Speaker 12: I mean it's impressive when you look at it from
21:57
Speaker 12: a far. I'm sure everyone who has flown into Wellington
21:59
Speaker 12: has seen there. But yeah, fifteen million dollar problem. It
22:02
Speaker 12: relates to that nine story car park built built by
22:05
Speaker 12: Fletcher Construction that opened late twenty eighteen. Now, official documents
22:08
Speaker 12: reveal major remediation work to fix the concrete defects, and
22:12
Speaker 12: the airport's multi level car park is still yet to
22:15
Speaker 12: be done. Despite years of concern and compliance issues now.
22:18
Speaker 12: Council inspectors in twenty twenty discovered drainage issues and cracking
22:23
Speaker 12: in some of the concrete, but neither Fletches, the builder
22:25
Speaker 12: nor the airport will say when repairs are going to
22:28
Speaker 12: be taking place. Now the building remains non compliant and
22:31
Speaker 12: the airport's currently trying to extend its certificate just to
22:35
Speaker 12: allow people to still go in there and park. Our
22:37
Speaker 12: newsrooms put questions to the airport. A spokesperson says the
22:40
Speaker 12: structural integrity of the building is fine, but there are
22:44
Speaker 12: quality issues, they say, affecting the durability, which are still
22:47
Speaker 12: being worked through with Fletchers.
22:48
Speaker 2: And how's willing as weather partly.
22:50
Speaker 12: Cloudy, few showers find by the evening and those southerlyes
22:53
Speaker 12: that are affecting the fairies will ease a bit later
22:55
Speaker 12: on today as well.
22:55
Speaker 2: Seventeen the high okay, so never rerittimand who joins us now,
22:58
Speaker 2: Helen readings. So police are talking to a couple of
23:01
Speaker 2: aucland schools because of an email that's worried people.
23:05
Speaker 13: Yes now, look the officers. They were sent to Wayuku
23:08
Speaker 13: and Rutherford Colleges yesterday. Wayuku going into lockdown and then
23:12
Speaker 13: closing for the afternoon. Now police say any communication is
23:16
Speaker 13: of concerning nature such as this, so everything's taken seriously.
23:20
Speaker 13: This is obviously that threatening email. Police are acknowledging. Look,
23:24
Speaker 13: these situations are very unsettling for parents and also the
23:27
Speaker 13: wider school community, so they're taking it seriously and they're
23:29
Speaker 13: continuing to investigate this.
23:31
Speaker 2: And how's Hawkin's weather Partley cloudy?
23:33
Speaker 13: We've got a passing shower this morning, then fine weather
23:35
Speaker 13: still warm here in Auckland.
23:37
Speaker 2: Twenty four is the high and I thank you neither.
23:39
Speaker 2: It is now seventeen minutes to six. The trade war continues.
23:42
Speaker 2: It's back and forth and up and down, and of
23:44
Speaker 2: course the problem is the markets. The markets have been collapsing,
23:48
Speaker 2: not because things are necessarily bad, because they don't know
23:51
Speaker 2: what's going to happen next. But we knew that this
23:53
Speaker 2: was going to happen. So where we act with the
23:55
Speaker 2: trade wars much McCanns joining us in a few moments time,
23:58
Speaker 2: and also on how when going to have to get
24:00
Speaker 2: tough on Russia now as the peace process continues.
24:03
Speaker 1: Seventeen to six International correspondence with Ends and Eye Insurance,
24:09
Speaker 1: Peace of mind for New Zealand business.
24:12
Speaker 2: This is now accorded to six to the United States.
24:14
Speaker 2: We go mention mc can good morning to you, Andrew,
24:17
Speaker 2: good morning, How are you good? So the back and
24:19
Speaker 2: forth tariffs go back and forth and the markets collapsed.
24:23
Speaker 2: Are these tariffs working.
24:26
Speaker 14: Or it's still early days. This morning, new data came
24:28
Speaker 14: out showing inflation had actually called in the last month.
24:31
Speaker 14: Donald Trump rather claimed that that was because of his policies. However,
24:35
Speaker 14: next month, as we're likely to see the impact of
24:38
Speaker 14: these tariffs, and as you'd have described them correctly, they
24:41
Speaker 14: are back and forth and at times confusing. Here's where
24:44
Speaker 14: it stands now. This morning, America slapped a twenty five
24:47
Speaker 14: percent tariff on all steel and aluminium being imported to
24:50
Speaker 14: the US as it tries to ramp up domestic production.
24:54
Speaker 14: In response to this, the EU is now imposing twenty
24:57
Speaker 14: eight billion dollars worth of tariffs on American products, and
25:00
Speaker 14: Canada says it will slap twenty billion dollars worth on
25:03
Speaker 14: American imports from midnight to night. A Canadian government spokesperson
25:07
Speaker 14: called these Donald Trump tariffs completely unjustified, unfair and unreasonable.
25:13
Speaker 2: Yes, but he's right though. Inflation is down to one
25:16
Speaker 2: point thirty five percent. You know, and the border crossings
25:18
Speaker 2: are down, and so in some ways this thing is
25:20
Speaker 2: already starting to work.
25:22
Speaker 14: Yeah, it's interesting. It's interesting where Americans are at on this.
25:25
Speaker 14: I saw a new poll out from a CNN I
25:28
Speaker 14: think it was a short time ago, and I think
25:29
Speaker 14: fifty six percent of the people they surveyed recently felt
25:33
Speaker 14: that Donald Trump had the right priorities at the moment,
25:36
Speaker 14: approving of the job he was doing. So it's interesting
25:38
Speaker 14: that disconnect between how some people view him outside of
25:41
Speaker 14: America looking at this from afar, whereas people inside America
25:45
Speaker 14: largely are still reasonably supportive of them.
25:48
Speaker 2: Now, I'm talking about back and forth to talk about
25:50
Speaker 2: the Ukraine War, because of course the United States took
25:52
Speaker 2: away the intelligence from Ukraine and then a Russia took
25:55
Speaker 2: advantage of that and it got bloody for the Ukrainians.
25:57
Speaker 2: But now he's given that intelligence back to Ukraine. It's
26:00
Speaker 2: going to get bloody for the Russians. And he's now
26:02
Speaker 2: turned around and said it's time to get tough on Russia.
26:05
Speaker 14: Yeah, that's right. The US seemingly back on side with
26:08
Speaker 14: Ukraine after that fraka at the White House a couple
26:11
Speaker 14: of weeks ago. This comes after the US and Ukraine
26:14
Speaker 14: concluded talks in Saudi Arabia yesterday. They've agreed to pursue
26:18
Speaker 14: a thirty day ceasefire to start negotiations to end the war.
26:22
Speaker 14: One of Voladimiy Zelenski's aides said, after this, it's now
26:25
Speaker 14: in Moscow's hands. We're waiting for a formal response from
26:29
Speaker 14: Vladimir Putin. But the Foreign Minister Sugei Lavrov said that
26:32
Speaker 14: Moscow will avoid compromises that may jeopardize Russian lives, and
26:36
Speaker 14: they said under no conditions, or they accept the presence
26:40
Speaker 14: of NATO troops in Ukraine. But waiting for a formal
26:42
Speaker 14: response to see if we're going to get that thirty
26:45
Speaker 14: day ceasefire. Ukraine and the US want.
26:47
Speaker 2: Matt fantastic work. And I thank you for her time today.
26:50
Speaker 2: And yes, I can't wait to hear from Vladimir Putin.
26:52
Speaker 2: I mean, we've heard from the President of the United
26:54
Speaker 2: States all the time, We've heard from the President of
26:55
Speaker 2: the Ukraine all the time. We've heard back and forth,
26:58
Speaker 2: we've had Rubio talking, we've had everybody talking, but I
27:01
Speaker 2: haven't heard Putin talk. And I think it's time that
27:04
Speaker 2: he came into the game and it's twelve to six.
27:07
Speaker 1: Andrew dickens, all.
27:08
Speaker 2: Right, The government's Big Investment Summit kicks off today in Auckland.
27:12
Speaker 2: There will be more than one hundred capital funds and
27:14
Speaker 2: construction companies and infrastructure experts will be in town. Of course,
27:19
Speaker 2: the purpose of the event is to highlight upcoming partnership
27:21
Speaker 2: opportunities for overseas investment right across the New Zealand's economy
27:25
Speaker 2: and we're praying and hoping and believing that will boost
27:28
Speaker 2: growth and Auckland Business Chamber of CEO Simon Bridges will
27:31
Speaker 2: be there and joins me. Now, Hello, Simon, looking forward
27:34
Speaker 2: to it.
27:35
Speaker 11: Good morning, Andrew. Yeah, well, well I'm glad you're praying
27:37
Speaker 11: for it because that's important.
27:39
Speaker 2: How big a deals is this?
27:41
Speaker 10: You know?
27:43
Speaker 2: Is it going to work? Is it going to live
27:44
Speaker 2: up to the hype?
27:46
Speaker 11: Yeah, look I believe so you've got the makings of
27:48
Speaker 11: a strong event. Is the US today afternoon for the
27:51
Speaker 11: Poephrey and the opening. The Prime Minister made a short,
27:54
Speaker 11: I think extinct statement. I mean what he talked about
27:56
Speaker 11: really was we're open the business the world and you
27:58
Speaker 11: know it's very much in keeping what what they've already
28:00
Speaker 11: said you know, they've started investing there this year. They've
28:03
Speaker 11: they've done their migrant visitor settings, is doing the international
28:08
Speaker 11: set pieces. So I think it was very much in
28:10
Speaker 11: keeping with that. I mean the other thing I thought
28:12
Speaker 11: he said, which was interesting and absolutely correct, is you know,
28:15
Speaker 11: in a very volatile, uncertain world, New Zealand's a safe
28:19
Speaker 11: haven for investment relatively. You know, we're Western, we're English speaking,
28:22
Speaker 11: all of these things. So what's been a disadvantage for
28:25
Speaker 11: us in the past that were a long way away
28:27
Speaker 11: and that were a bit irrelevant maybe I think is
28:29
Speaker 11: coming home for us. The other thing that was interesting yesterday,
28:33
Speaker 11: I mean the start of it. But you know, there's
28:35
Speaker 11: a strong bipartisanship. I think you've got Barbara Edmonds and
28:39
Speaker 11: Karen McNulty from the Labor Party there. So that's good
28:41
Speaker 11: because the international community, you know, those one hundred something
28:44
Speaker 11: investors that you've talked about, they want to see that
28:47
Speaker 11: this is in a flesh in the pan, that this
28:48
Speaker 11: is something that's there for a while.
28:50
Speaker 2: What kind of companies will be there. I know the
28:52
Speaker 2: future fun from Australia is not going to be there,
28:54
Speaker 2: which is unfortunate, and only one from Singapore, but what
28:57
Speaker 2: sort of companies will be there?
28:58
Speaker 11: Oh look, I mean it's you've got some very big investors,
29:01
Speaker 11: you know, so your stars talking to Brookfield, you know,
29:04
Speaker 11: month one of the numbers, I remember the gentleman I
29:07
Speaker 11: was talking to saying one hundred billion invested just in Australia, right,
29:10
Speaker 11: and that is literally just Australia had already quite significant
29:13
Speaker 11: investments in New Zealand. And you've also got the big constructors.
29:15
Speaker 11: You've got guys like it's the owner from Spain, a
29:19
Speaker 11: very significant infrastructure company, Capella Capital, many others. So you know,
29:25
Speaker 11: I definitely think and in fact, you know some of
29:28
Speaker 11: that the internationals there were saying to me is you know,
29:30
Speaker 11: g you actually have compiled a very strong list of
29:33
Speaker 11: people coming to it. So you know, no one suggesting
29:37
Speaker 11: Rome was built in today, Walkland or Wellington for that matter,
29:40
Speaker 11: won't be. But it's a really good start.
29:43
Speaker 2: We know that the government has just opened up for
29:45
Speaker 2: registrations of interest in the Northern Expressway, that twenty eight
29:48
Speaker 2: play and extension of State Highway one. What other projects
29:51
Speaker 2: might they be sprooking at the conference?
29:54
Speaker 11: Yeah, what's a good question. I mean, I think if
29:55
Speaker 11: you just look at the agenda. What you see is
29:58
Speaker 11: you're going to get a high level I think from
29:59
Speaker 11: the Prime Minister, the Finance minister, you know, the leadership
30:03
Speaker 11: of the government if you like, and then and then
30:04
Speaker 11: you know, it gets a bit more and I don't
30:06
Speaker 11: mean this in a bad one. I mean positively, but
30:08
Speaker 11: that's more specific and workmen like you know, we're hearing
30:11
Speaker 11: about immigration, Maori, economy, howth education, justice, resources. So I
30:15
Speaker 11: would expect and I have no special information, but I
30:18
Speaker 11: would expect you'll see the sort of opening up of
30:21
Speaker 11: public private opportunities in those areas. And you know, of
30:24
Speaker 11: course that's in the end. They want the sizzle, they
30:27
Speaker 11: want the vision, but that's in the end what these
30:30
Speaker 11: investors are coming to see. And we need their capital,
30:33
Speaker 11: you know over a one hundred billion dollar deficit and infrastructure,
30:36
Speaker 11: and we also need to know how their innovation and
30:38
Speaker 11: the competition that they bring.
30:41
Speaker 2: Well, good stuff, Simon, enjoy yourself, enjoy the breakfast, and
30:43
Speaker 2: have a great resignment and get out there and sell,
30:47
Speaker 2: sell Sell. Simon Bridges, as your con Chamber's CEO, I
30:50
Speaker 2: can tell you that they're going to concentrate the Government's
30:51
Speaker 2: going to concentrate on four growth sectors. They are aquaculture,
30:56
Speaker 2: renewable energy, clean technology, and advanced trendsportation which includes space.
31:03
Speaker 2: It is coming up seven minutes.
31:05
Speaker 1: To six News and Views You trust to start your
31:08
Speaker 1: day is the early edition with Andrew Dickens and one
31:12
Speaker 1: roof Make Your Property Search Simple, News Talk.
31:15
Speaker 2: Zibby news B. I'm quite excited about going to the
31:19
Speaker 2: bookstore and getting the GQ to read about Liam Newson,
31:22
Speaker 2: but not that because I haven't brought a GQ in ages.
31:24
Speaker 2: GQ is a great magazine. He's got an awful lot
31:26
Speaker 2: of stuff, and it's a lot of fashion, a lot
31:28
Speaker 2: of stuff, a lot of tech, and a lot of Liam.
31:30
Speaker 2: And what I loved about Liam is that he's bringing
31:33
Speaker 2: Jandles and Billabong surf jackets to the fashion world. He's
31:39
Speaker 2: already a superstar. Mike Hosking, Hell, welcome. Where would you do?
31:43
Speaker 2: What shop would you go by? That magazine?
31:45
Speaker 6: At? Oh?
31:47
Speaker 2: Where would you go buy a magazine? Magazino still exists?
31:50
Speaker 2: Yes it does. My supermarket has realized that there's a
31:54
Speaker 2: margin of magazines and has a very good range. But
31:56
Speaker 2: you're quite right, it's interesting the book.
31:58
Speaker 15: My father in law said the other day he had
32:02
Speaker 15: never First of all, he'd never heard of Chris Stapleton.
32:04
Speaker 15: And I played Chris Staple and Chris Staple and I've
32:07
Speaker 15: run rung mar Becks, this is this is the famous
32:11
Speaker 15: father and famous father in law Becks And I've ordered
32:15
Speaker 15: up all the Chris Stapleton's And so you're still buying
32:18
Speaker 15: CDs and magazines. Funny old business, isn't it. But it's
32:21
Speaker 15: going to be massive weekend, huge, weekend huge. I just
32:23
Speaker 15: hope for his sake that something good happens. And because
32:28
Speaker 15: all the talk coming out of Red Bull is that
32:29
Speaker 15: they're they're they're not what they were. It's not a
32:31
Speaker 15: good car, it's not the best car. They didn't run
32:34
Speaker 15: many laps in by rain at the testing because they
32:36
Speaker 15: had problems. And the expectation on him to keep up
32:39
Speaker 15: with Maxistappen is unusually high, but that's been the same
32:43
Speaker 15: for all the guys him. So it's it's one of
32:46
Speaker 15: those games you either performer you don't what I like
32:47
Speaker 15: to but.
32:48
Speaker 2: Marco was saying that the thing about the car is
32:50
Speaker 2: you had to come out of the corner as fast.
32:51
Speaker 2: That's what they're trying to do. And Stappin goes to
32:54
Speaker 2: the very limits and he could control the back end.
32:58
Speaker 2: And the fact that Liam spun out was because he
33:02
Speaker 2: was pushing it to the very limits, which shows he's
33:04
Speaker 2: up for the battle.
33:05
Speaker 15: Well he is until you lose the battle. And if
33:07
Speaker 15: you lose the battle, that's the problem. Because the whole
33:09
Speaker 15: car not to bore everybody, but the whole car. I
33:11
Speaker 15: watched a fascinating video, but the other day. The whole
33:14
Speaker 15: car is structured around the way the staff and tribes,
33:17
Speaker 15: which is highly unusual. And he does things that no
33:21
Speaker 15: one else can do. Hence he's as.
33:22
Speaker 2: Successful as he as the hell out of us.
33:24
Speaker 15: And that's what Perez couldn't do. He said, you drive
33:27
Speaker 15: along or a string of people. Anyway, it's not boring
33:30
Speaker 15: because it's sold out last year. Oh no, my son
33:33
Speaker 15: couldn't get tickets. Everyone loves hundreds of thousand, four and
33:35
Speaker 15: fifty thousand people will go see this thing in Melton
33:37
Speaker 15: and then we show Oh, I don't know, probably that
33:39
Speaker 15: because that sounds more interesting. You're talking about all the
33:41
Speaker 15: other stuff. The investment obviously will to talk to the
33:44
Speaker 15: police and the investment and stuff like that.
33:45
Speaker 2: Actually we will go to Melbourne.
33:46
Speaker 15: We'll bloke and Melbourne talk.
33:47
Speaker 2: That's my thanks to producer can see my name's Andrew Dickens.
33:51
Speaker 2: See you tomorrow. I have a great and productive day.
34:06
Speaker 1: For more from Early Edition with Ryan Bridge, listen live
34:10
Speaker 1: to News Talks it Be from five am weekdays, or
34:13
Speaker 1: follow the podcast on iHeartRadio m HM