Latest / Early Edition with Ryan Bridge / Full Show Podcast: 15 April 2026

Transcript

Full Show Podcast: 15 April 2026 · Early Edition with Ryan Bridge

• 0:00
  Speaker 1: The issues, the interviews and the insight. Ryan Bridge on
• 0:05
  Speaker 1: early edition with Spark for business Technology that keeps business moving,
• 0:09
  Speaker 1: news talks.
• 0:10
  Speaker 2: There'd be today, good morning, It's Wednesday. Great to have
• 0:12
  Speaker 2: your company. We've got some more strong numbers for visitors.
• 0:15
  Speaker 2: This is tourism, so we need a big text, don't
• 0:17
  Speaker 2: We will talk about that. The ims weighing in on
• 0:19
  Speaker 2: war and growth will go to London. Red Tape cup
• 0:22
  Speaker 2: for the wacky Becky and it's key we Bank versus
• 0:24
  Speaker 2: A and Z on the ocr Cameron Bagri, the agenda Gouesday,
• 0:29
  Speaker 2: the fourteenth of April blockade is a go go over
• 0:32
  Speaker 2: in Iran. We know that, but who's getting through? Who's
• 0:36
  Speaker 2: not getting through? Apparently still a few ships slipping through
• 0:39
  Speaker 2: the blockade, two which have traveled via Iranian ports. Remember
• 0:43
  Speaker 2: that's what Trump said he would try and stop. China's
• 0:45
  Speaker 2: is going to ignore the whole thing.
• 0:46
  Speaker 3: Under the circumstances where relevant parties have already reached a
• 0:49
  Speaker 3: temporary ceasefire arrangement, the US increased military deployment and targeted
• 0:54
  Speaker 3: blockade actions will only intensify contradictions. Heightened tensions undermine the
• 0:59
  Speaker 3: all the fragile Sea spire and further impact the safety
• 1:03
  Speaker 3: of navigation in the Strait. This is dangerous and irresponsible behavior.
• 1:07
  Speaker 2: Over in Washington, Marco Rubio is currently hosting talks. There's
• 1:10
  Speaker 2: rallies there, the Lebanese there. This is peace talks.
• 1:13
  Speaker 4: We understand we're working against.
• 1:14
  Speaker 5: In decades of history, whatsit that have led us to
• 1:17
  Speaker 5: the CDQUE moment and the opportunity here. I know someone
• 1:20
  Speaker 5: who were shocking watchings about Sea Spier.
• 1:22
  Speaker 6: This is a port about that.
• 1:23
  Speaker 4: This is about bringing a permanent end.
• 1:26
  Speaker 7: It's one of your thirty years has.
• 1:29
  Speaker 2: From the war. Worst case scenario for the globe is
• 1:32
  Speaker 2: that growth falls below two percent this year.
• 1:34
  Speaker 4: Yes, two percent is a situation that will feel for
• 1:38
  Speaker 4: most people around the world as if it's a recession type.
• 1:42
  Speaker 3: Unemployment will be high for some countries.
• 1:44
  Speaker 8: Food prices, food insecurity made wise, food prices may be higher.
• 1:47
  Speaker 2: Remember these comments from Timothy chala May the actor, and
• 1:52
  Speaker 2: he got a backlash from them. We played them for
• 1:54
  Speaker 2: you when you said them at the time.
• 1:55
  Speaker 7: I admire people, and I've done it myself to want
• 1:57
  Speaker 7: to talk to them.
• 1:57
  Speaker 6: Go here.
• 1:57
  Speaker 7: We got to keep movie theaters alive, you know, we
• 2:00
  Speaker 7: keep this genre alive. And another part of me feels
• 2:02
  Speaker 7: like if people want to see it like Barbie, like Oppenheimer,
• 2:05
  Speaker 7: they're going to go see it and go out of
• 2:06
  Speaker 7: their wed and be loud and proud about it. And
• 2:08
  Speaker 7: I don't want to be working in ballet or opera
• 2:10
  Speaker 7: or you know things where it's like, hey, keep this
• 2:12
  Speaker 7: thing alive, even though.
• 2:14
  Speaker 2: No one logging the dead horse that is Ballet. Well,
• 2:18
  Speaker 2: the Royal Ballet and Opera in London say thank you
• 2:21
  Speaker 2: very much, Timothy. They turned this into a marketing opportunity
• 2:25
  Speaker 2: and good on them. They used Timothy as a discount code.
• 2:29
  Speaker 2: Ticket sales took off.
• 2:32
  Speaker 1: Get ahead of the headlines on a early edition with
• 2:36
  Speaker 1: Ryan Bridge and Spunk for Business Technology that keeps business
• 2:40
  Speaker 1: moving US talks that'd be.
• 2:41
  Speaker 2: The best thing to happen to Ballet since those little
• 2:43
  Speaker 2: shoes that they can stand on. Now it is eight
• 2:46
  Speaker 2: minutes after five nine two nine two is the number
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  Speaker 2: to text. Just be glad you're not living in Australia
• 2:51
  Speaker 2: because two things I wanted to share with you this morning.
• 2:53
  Speaker 2: One is that the tide may now finally be turning
• 2:57
  Speaker 2: on the mass exodus, the brain drain of people leaving
• 3:00
  Speaker 2: this country. So we've got numbers from stats in z
• 3:04
  Speaker 2: we gained six seven hundred people to our population in February.
• 3:07
  Speaker 2: That is forty two percent higher than in February of
• 3:10
  Speaker 2: twenty five and it's mainly because there are a fewer
• 3:13
  Speaker 2: kiwis moving off shore long term. So the numbers coming
• 3:16
  Speaker 2: in fourteen thousand, the numbers going out seven one thousand,
• 3:21
  Speaker 2: that's down twenty percent on February of the year before.
• 3:24
  Speaker 2: So people are seeing that the lights well, the grass
• 3:27
  Speaker 2: is greener, probably going to be greener on this side
• 3:30
  Speaker 2: of the Tasman more so than the other. Now, the
• 3:32
  Speaker 2: other thing you've got happening is the IMF. I mentioned
• 3:34
  Speaker 2: we'll talk about them later in what the global growth
• 3:37
  Speaker 2: for carts are, but they've given a warning to Albanezi
• 3:41
  Speaker 2: make your spending targeted. You know, Nikola Willis keeps going
• 3:43
  Speaker 2: on about ten pre timely targeted. Well, there's a reason
• 3:47
  Speaker 2: for that, and the IMF says, you're getting a bit
• 3:49
  Speaker 2: carried away here, mate, just rain it in. And the
• 3:53
  Speaker 2: tax windfalls that we've mentioned on the show many times now,
• 3:56
  Speaker 2: so they're doing iron or a whole bunch of stuff
• 3:58
  Speaker 2: that's gone up in value during the war. The commodities
• 4:01
  Speaker 2: that have gone up in value. They're selling for a
• 4:04
  Speaker 2: higher price. The producers will get a higher price. That
• 4:07
  Speaker 2: means the government will get more tax and the IMF
• 4:10
  Speaker 2: is saying to Albanezi, spend it wisely. In fact, don't
• 4:14
  Speaker 2: spend it, try and sort out your structural deficit. Now.
• 4:18
  Speaker 2: The reason all this is interesting is because their Deputy
• 4:21
  Speaker 2: Reserve Bank governor at the RBA yesterday said that the
• 4:24
  Speaker 2: scenario that's being painted now for Australia is quote nightmare
• 4:29
  Speaker 2: ie stagflation. Way more reliant over there. They are on
• 4:33
  Speaker 2: diesel than us. Their stockpile was lower to begin with.
• 4:37
  Speaker 2: Consumer confidence is crashing. Isn't this music tearies? I mean no,
• 4:42
  Speaker 2: you don't want them to suffer, but there's obviously things
• 4:45
  Speaker 2: that they're worried about. And the AMP chief economist there,
• 4:48
  Speaker 2: Shane Oliver, yesterday I was reading a piece where he
• 4:50
  Speaker 2: said it's crunch time on oil supplies for them over
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  Speaker 2: in Australia and the risk of recession this year is
• 4:58
  Speaker 2: now high. Eleven After five Ryan Bridge to speak to
• 5:04
  Speaker 2: Cameron Bagriy So a m Z yesterday came out and
• 5:07
  Speaker 2: said we're going to have three hikes to the official
• 5:09
  Speaker 2: cash rates starting July. West Pak action'ss May and then
• 5:14
  Speaker 2: Kiwibank came out and said, Tyhoe, chill out. We don't
• 5:18
  Speaker 2: want to crash the economy and the recovery that we've
• 5:20
  Speaker 2: got that was sort of fledgling before the war began.
• 5:24
  Speaker 2: So we'll see what Cameron Bagrie thinks about that.
• 5:26
  Speaker 9: Next News and Views you trust to start your day,
• 5:31
  Speaker 9: it's early Editions with Ryan Bridge and Spark for business
• 5:35
  Speaker 9: Technology that keeps business moving.
• 5:37
  Speaker 2: News Talks ABSB just gone thirteen minutes after five. Winston
• 5:40
  Speaker 2: Peters continues, Well, New Zealand first, i should say, continues
• 5:43
  Speaker 2: to recruit and recruit. Well, they apparently have secured former
• 5:47
  Speaker 2: All Black Tane Randall to run for TOOKI took in.
• 5:49
  Speaker 2: TOOKI took is interesting. This is in Hawk's Bay because
• 5:51
  Speaker 2: that's where Catherine Wead the National Party. You know, the
• 5:54
  Speaker 2: woman who's doing the MP, who's doing the under sixteen
• 5:58
  Speaker 2: phone band stuff, that's Wedge. She used to be a
• 6:01
  Speaker 2: TV and Z journalist, so she's taken Tookie Tookie and
• 6:05
  Speaker 2: she took it off Anna Lork, who was the slightly
• 6:07
  Speaker 2: maniacal one who is I've always found highly entertaining in
• 6:11
  Speaker 2: the house. She did the Baraka speech. You might remember her,
• 6:15
  Speaker 2: so she took the seat off her. So in other words,
• 6:17
  Speaker 2: it's a flippable seat. It's been with labor. In the
• 6:20
  Speaker 2: last twenty twenty election. It was labor and then twenty
• 6:23
  Speaker 2: twenty three went blue. So putting Tane Randall of New
• 6:26
  Speaker 2: Zealand first in, there will be a cat amongst the pigeons,
• 6:29
  Speaker 2: and well worth a watch. Fourteen after five ran Bridge
• 6:33
  Speaker 2: bit of a cat fight, speaking of between the banks
• 6:35
  Speaker 2: on what's next for the ocr A and Z picking
• 6:37
  Speaker 2: three hikes starting July. Westpac thinks one could come as
• 6:40
  Speaker 2: soon as may Kiwibank's warning, push too hard, you risk
• 6:42
  Speaker 2: tipping the economy into recession. Cameron Baggery Independent economists with
• 6:45
  Speaker 2: us this morning. Hey Cameron, good to have you on
• 6:50
  Speaker 2: the show. So peck aside Cameron, whose position is more realistic.
• 6:55
  Speaker 10: Well, I put an article up on Business Test sign
• 6:58
  Speaker 10: It was a case for a mayhik. The Reserve Bank said,
• 7:01
  Speaker 10: you're watching core inflation. You're watching inflation expectations. If you
• 7:05
  Speaker 10: look at the December quarter, core inflation already ticked up.
• 7:08
  Speaker 10: If you look at inflation expectations, they've started to move
• 7:11
  Speaker 10: up slightly and we see more out of that data
• 7:15
  Speaker 10: and the coming to the month, then you have the
• 7:17
  Speaker 10: case from May height. Now that's what's called a bit
• 7:19
  Speaker 10: of a pre emptive stripe. You know, we're not going
• 7:21
  Speaker 10: to like it, but we don't like inflation raising as well.
• 7:23
  Speaker 10: So it's a bit of a double ed sword for
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  Speaker 10: the Reserve Bank to.
• 7:25
  Speaker 2: Be fair too.
• 7:26
  Speaker 10: A and D.
• 7:27
  Speaker 2: They also said that yeah, it might go up sooner,
• 7:29
  Speaker 2: but it wouldn't go as high as they'd previously said either.
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  Speaker 10: Yeah. Well there's the old adage one you know, a
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  Speaker 10: stitch in time might save nine and I think that
• 7:37
  Speaker 10: comes to the play here. If you feel that you
• 7:39
  Speaker 10: need to go you're better off to go early. Is
• 7:42
  Speaker 10: if you go early, you're not this thing on the head.
• 7:44
  Speaker 10: If you go late and you're let inflation get a
• 7:46
  Speaker 10: little bit and bettered, then you're going to have to
• 7:47
  Speaker 10: take the official castraight an awful lot of highis strategically,
• 7:50
  Speaker 10: you're what Ain's you're a saying. Here, you go early
• 7:53
  Speaker 10: and you have to go less hard. I think makes
• 7:55
  Speaker 10: a lot of sense.
• 7:56
  Speaker 2: Abian did said they would look through short term inflation
• 7:59
  Speaker 2: then didn't matter. I spoke to Paul Conway. He said,
• 8:01
  Speaker 2: doesn't matter if it's four, five, six, whatever percent, We'll
• 8:03
  Speaker 2: look through it short term. Are you saying that the
• 8:07
  Speaker 2: medium to long term inflation number is now looking like
• 8:11
  Speaker 2: a warrants change.
• 8:13
  Speaker 10: Well, if you go back and have a look at
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  Speaker 10: the December Corder inflation numbers, which is called dated, but
• 8:18
  Speaker 10: it gives us a bit of a benchmark. Core inflation,
• 8:21
  Speaker 10: which strips out food and energy, already started to tick
• 8:24
  Speaker 10: up very early in this economic recovery. And this is
• 8:29
  Speaker 10: kindomly supposed that he's still got an awful lot of
• 8:31
  Speaker 10: excess capacity, So you wouldn't expect to see core inflation
• 8:35
  Speaker 10: tick up this early in the economic recovery. So if
• 8:38
  Speaker 10: we see another pickup in core inflation once again strips
• 8:41
  Speaker 10: out fuel, strips out energy, electros, strips out food as well,
• 8:47
  Speaker 10: and you've got the case that's sitting there on the
• 8:49
  Speaker 10: table for the official cash right to move. It's not
• 8:53
  Speaker 10: going to move high. It's going to move to what's
• 8:55
  Speaker 10: called a less restrictive setting. People need to remember that
• 8:58
  Speaker 10: the official cash rate of the mine is two point
• 9:00
  Speaker 10: two five percent. The Reserve Bank caused the neutral official
• 9:03
  Speaker 10: cast right. That's where they've got neither the foot on
• 9:05
  Speaker 10: the accelerate or the break around three. So if you
• 9:08
  Speaker 10: take it from two point two five to two point
• 9:10
  Speaker 10: five or as angel to saying back to three, you're
• 9:13
  Speaker 10: merely taking the foot off the accelerator. It's not as
• 9:15
  Speaker 10: though you jumping on the brake.
• 9:17
  Speaker 2: Yeah, it's going bloody low to low. This is not
• 9:20
  Speaker 2: The QUEV Bank makes the point, this is not demand inflation.
• 9:22
  Speaker 2: This is supply inflation via oil. Does it matter where
• 9:25
  Speaker 2: it comes from?
• 9:27
  Speaker 10: Well yes, But the problem is that the Reserve Bank,
• 9:33
  Speaker 10: the governor has made it pretty clear and she delivered
• 9:35
  Speaker 10: an excellent speech a couple of weeks where they said, look,
• 9:38
  Speaker 10: they are going to look through the immediate impact of
• 9:41
  Speaker 10: a rise in fuel prices. They're going to look through
• 9:43
  Speaker 10: the immediate impact of what's called the indirect consequences for inflation,
• 9:47
  Speaker 10: the likes of increases and transport costs on food inflation.
• 9:50
  Speaker 10: But they're going to jump on what's called secondary inflation.
• 9:53
  Speaker 10: Now do we see secondary inflation? You look at what's
• 9:56
  Speaker 10: called core inflation, that strips out fuel, that strips out food.
• 10:00
  Speaker 10: As I said, what we've already seen is that core
• 10:02
  Speaker 10: inflation has already started to pick up. So if we
• 10:04
  Speaker 10: see the March inflation figures and we see a further
• 10:07
  Speaker 10: tick up in that core inflation measure. I think there
• 10:10
  Speaker 10: is a case for going and may I think one
• 10:13
  Speaker 10: of the reasons that Ang has gone with Lie is
• 10:15
  Speaker 10: that they think one month March is not going to
• 10:18
  Speaker 10: be enough. They think, I suspect you more like to
• 10:21
  Speaker 10: set within the June figures and the Braserve event would
• 10:24
  Speaker 10: like a little bit of two quarter qualification in regard
• 10:27
  Speaker 10: to what's going on here. But the key events sort
• 10:30
  Speaker 10: of view that you jump on this early is not
• 10:33
  Speaker 10: the right sort of call. Well, there's a cost to
• 10:35
  Speaker 10: not jumping on the scene right up front as well.
• 10:37
  Speaker 2: Cameron Bagribagary Economics eighteen after five News Talks the B
• 10:41
  Speaker 2: will talk about deregulation or removing some red tape at
• 10:45
  Speaker 2: least for the WACKYBACKI.
• 10:46
  Speaker 1: Next, Ryan Bridge on early edition with Spark for Business
• 10:51
  Speaker 1: Technology that keeps Business Moving News Talks the B.
• 10:56
  Speaker 2: Twenty one minutes after five. David Seamo was pushing to
• 10:58
  Speaker 2: turn New Zealand into a cannon US export powerhouse. He
• 11:01
  Speaker 2: wants to cut the time it takes for businesses to
• 11:03
  Speaker 2: get an export license from over twenty two days in
• 11:06
  Speaker 2: twenty twenty two to just over six days so far
• 11:09
  Speaker 2: this year. Doctr wasim Elsa. Here is with US Cannabis
• 11:12
  Speaker 2: Clinics CEO. Good morning, Good morning. Right the time it
• 11:17
  Speaker 2: takes to get an export license. Is that the big
• 11:19
  Speaker 2: barrier here? Or is it about? Are there other issues?
• 11:23
  Speaker 6: There are other issues, But it's a step in the
• 11:25
  Speaker 6: right direction. Helping our companies, quepit companies get export permits
• 11:31
  Speaker 6: and export medicinal cannabis faster is definitely a win. But
• 11:35
  Speaker 6: it still comes down to the root cause of the problem,
• 11:38
  Speaker 6: which is the fact that here in New Zealand we're
• 11:41
  Speaker 6: applying standards, pharmaceutical standards to our medicines, to medicinal cannabis
• 11:46
  Speaker 6: that is above and beyond what other countries around the
• 11:50
  Speaker 6: globe apply, and so we still are disadvantaging our industry
• 11:55
  Speaker 6: here by holding ourselves to a much higher standard than
• 11:58
  Speaker 6: other countries.
• 11:59
  Speaker 2: Yes, that's the big problem, isn't it, Because if you
• 12:01
  Speaker 2: want to sell your stuff here in New Zealand, you've
• 12:04
  Speaker 2: basically got to send it off shore to get it
• 12:05
  Speaker 2: processed and bring it back, don't you.
• 12:08
  Speaker 6: Exactly, Yeah, that happens, and it's happening right now.
• 12:11
  Speaker 2: See that seems dumb to me. Why don't they change that?
• 12:16
  Speaker 6: Yeah, it's a good point. It's also to do with
• 12:20
  Speaker 6: the size of the economy. I mean, to set up
• 12:21
  Speaker 6: some of these testing facilities, you're talking about millions of
• 12:24
  Speaker 6: dollars of investment to set up, and it becomes economically
• 12:28
  Speaker 6: not viable. I mean, you look at the country. We've
• 12:30
  Speaker 6: had several companies start, We've had most of them go under.
• 12:35
  Speaker 6: The last one Helius, which has gone under that really
• 12:40
  Speaker 6: live in New zeand with only one remaining manufacturing processing facility.
• 12:46
  Speaker 6: Everybody else is you know, hasn't been successful.
• 12:51
  Speaker 2: Appreciate your time. DOTTR. Wassim Elsa here with us Cannabis
• 12:54
  Speaker 2: Connects CEO. Time is twenty three minutes after five. A
• 12:58
  Speaker 2: couple of little things to update you on before we
• 13:00
  Speaker 2: get to the break. So retailers, you know, we have
• 13:04
  Speaker 2: the numbers from on card spending yesterday, and retailing zetters
• 13:10
  Speaker 2: come out and said, oh, hang on, it's it's actually
• 13:12
  Speaker 2: worse than it looks because obviously the card spinning goes
• 13:16
  Speaker 2: up when things cost more, not necessarily the people buying
• 13:19
  Speaker 2: more stuff, but when things cost more, ie petrol, ie diesel,
• 13:23
  Speaker 2: which is definitely costing more at the moment, and so
• 13:25
  Speaker 2: we saw that in the numbers yesterday. But they reckon
• 13:28
  Speaker 2: that non fuel retailing is down one point two percent
• 13:33
  Speaker 2: in March from a year ago because people are having
• 13:36
  Speaker 2: to spend more on fuel, more on fuel even though
• 13:39
  Speaker 2: they're getting less fuel, and then therefore spending less on
• 13:42
  Speaker 2: other things too. Twenty three after five, we're back talking
• 13:45
  Speaker 2: bed taxes.
• 13:46
  Speaker 9: Next the early.
• 13:47
  Speaker 1: Edition Full the Show podcast on Ihart Radio powered by News.
• 13:51
  Speaker 2: Talks V News TALKSB twenty six minutes after five on
• 13:55
  Speaker 2: your Wednesday morning. Great to have your company, Louise Upston,
• 13:58
  Speaker 2: she's tourism. She's getting a vice from officials on a
• 14:01
  Speaker 2: bed tax, an accommodation levy. Call it what you will.
• 14:05
  Speaker 2: Luxon told us this last week. They're not being explicit
• 14:08
  Speaker 2: about it yet, but the idea is a no brainer
• 14:10
  Speaker 2: and will eventually happen in Auckland and the Auckland deal
• 14:14
  Speaker 2: Luxon did with Wayne last week they promised to investigate one.
• 14:18
  Speaker 2: Wayne took this to mean the thing would be introduced
• 14:20
  Speaker 2: in twenty twenty seven, though we have an election to
• 14:22
  Speaker 2: go before then. Obviously we've had a new visitor numbers drop.
• 14:26
  Speaker 2: We're back to ninety two percent of pre COVID three
• 14:29
  Speaker 2: and a half million internationals a year. Great, but the
• 14:32
  Speaker 2: roads and the housing and the pipes can't take much
• 14:34
  Speaker 2: more of this. The government's goal is almost five million
• 14:38
  Speaker 2: internationals a year. In Queenstown. For every single ratepayer funding
• 14:43
  Speaker 2: local infrastructure. There, you've got thirty to thirty four international tourists.
• 14:47
  Speaker 2: They're hiking, they're skiing, they're smashing a Ferg Burger down
• 14:50
  Speaker 2: in Queenstown. The ratio one to thirty. In Auckland, it's
• 14:54
  Speaker 2: one to one. Tourism. Hotspots with small population and small
• 15:00
  Speaker 2: resident populations struggle to fund what is required. Roads, amenities, housing.
• 15:06
  Speaker 2: They all suffer as a result, and the government has
• 15:08
  Speaker 2: so far I've been turning around and saying to Queenstown, Nah,
• 15:11
  Speaker 2: you can't have a bed tax.
• 15:13
  Speaker 6: Nah.
• 15:13
  Speaker 2: They want five percent downe in Queenstown. And they're doing
• 15:17
  Speaker 2: this because they don't like the word tax. Right. They've
• 15:19
  Speaker 2: made some promises about this, but as I've said many
• 15:21
  Speaker 2: times on the show before, they will you turn on
• 15:23
  Speaker 2: this position because it makes no sense and logic will prevail.
• 15:27
  Speaker 2: You can't rely on a ratio one to thirty. Rod Drury,
• 15:31
  Speaker 2: he lives down there in that way, he reckons we
• 15:34
  Speaker 2: need a model like Aspen in Colorado. There are similar
• 15:36
  Speaker 2: mountain towns. They use tourism revenues to fund core infrastructure,
• 15:40
  Speaker 2: not just marketing. Ninety percent of the local lodging tax
• 15:44
  Speaker 2: they call it there. You can spend that on affordable housing,
• 15:47
  Speaker 2: childcare for workers, important because you need workers to run
• 15:51
  Speaker 2: the place, capital improvements to the trails, etc. Ten percent
• 15:55
  Speaker 2: of that is required to stay in pure promotion for tourism.
• 16:00
  Speaker 2: It's a good idea. It makes sense. It's only a
• 16:02
  Speaker 2: matter of time before we do the same bridge in
• 16:06
  Speaker 2: eight minutes after five. Now there's a couple of tourists
• 16:11
  Speaker 2: in Australia at the moment which I want to draw
• 16:12
  Speaker 2: your attention to. Harry and Meghan are doing a tour.
• 16:15
  Speaker 2: They're of course not working royals. So why do we care? Well,
• 16:19
  Speaker 2: a lot of Australians actually don't.
• 16:21
  Speaker 7: Can I be honest and tell you I really don't
• 16:23
  Speaker 7: think about them at all.
• 16:24
  Speaker 11: I was aware that they were coming out to Australia
• 16:26
  Speaker 11: at all. I haven't seen anything on the news.
• 16:29
  Speaker 2: Honestly, no, I did not really know they came last
• 16:32
  Speaker 2: night as well.
• 16:33
  Speaker 4: I don't know why they're coming.
• 16:34
  Speaker 11: They're very much about self promotion. They probably be my
• 16:39
  Speaker 11: least favorite Royal, so let's put it that way.
• 16:42
  Speaker 2: Everybody's favorite punching bag Royal punching bag. But what they're
• 16:46
  Speaker 2: doing is a couple of like they've posed for selfish
• 16:48
  Speaker 2: since they've been their tech. They've done gardening at the
• 16:52
  Speaker 2: hospital with patients, which is a nice thing to do,
• 16:55
  Speaker 2: assuming the patients wanted to meet them. Of course, if
• 16:58
  Speaker 2: you're in hospital, you kind of got no choice. Where
• 17:00
  Speaker 2: are you going to go? Anyway. What they're also there
• 17:03
  Speaker 2: for is some commercial opportunities. So there's an in person conversation.
• 17:07
  Speaker 2: If you want to see Meghan in person conversation at
• 17:10
  Speaker 2: a women only girls weekend and you can pay, it's
• 17:14
  Speaker 2: thousands of dollars. You can pay to have a photo
• 17:17
  Speaker 2: with Meghan at a brunch table with you and the
• 17:19
  Speaker 2: gal pals, and that will cost you thousands. And there
• 17:22
  Speaker 2: are still tickets available which times he's not sold out.
• 17:25
  Speaker 2: Harry's doing a speech. Ticket price two four hundred dollars.
• 17:30
  Speaker 2: Just watch the Netflix thing. That's pretty cheap. News Talks
• 17:33
  Speaker 2: AB we'll talk to Matt Woods from destination Queenstown and
• 17:39
  Speaker 2: head to the UK with Gavin.
• 17:43
  Speaker 1: The news you need this morning and the in depth
• 17:46
  Speaker 1: analysis earlier edition with Ryan Bridge and Spark for business
• 17:51
  Speaker 1: Technology that keeps business moving. US talksb pro.
• 17:57
  Speaker 2: Me pro Noree. Far away from six, y're on News
• 18:03
  Speaker 2: Talk SB. We will go to Queenstown on tourism numbers.
• 18:06
  Speaker 2: Before six we'll head to London with Gavin Gray on
• 18:08
  Speaker 2: the IMF report on growth. This is about the war
• 18:11
  Speaker 2: loads of texts coming on on the bid tex. Ryan
• 18:13
  Speaker 2: should be a bid tax. We are hopefully going to Italy,
• 18:16
  Speaker 2: says Sharon. I hope you are too, Sharon, hopefully going
• 18:19
  Speaker 2: to Italy, all things staying equal and all bookings have
• 18:22
  Speaker 2: a bid tax. No one cares, exactly, Sharon. No one cares,
• 18:26
  Speaker 2: which is why there's no political risk for the government
• 18:28
  Speaker 2: and doing it. So why don't they just go on
• 18:30
  Speaker 2: to do it? They will, Ryan, So can we staying
• 18:33
  Speaker 2: long term and backpackers because of no housing, but will
• 18:36
  Speaker 2: also be required to pay a bid tax. How many
• 18:40
  Speaker 2: people are doing that? Ryan? Bid tax has to be nationwide,
• 18:44
  Speaker 2: not just in the tourism hotspots. I don't know. To
• 18:47
  Speaker 2: be honest, I don't care where it goes, but I
• 18:50
  Speaker 2: think it should be up to each individual region to
• 18:54
  Speaker 2: decide whether they want it or not. That the government
• 18:56
  Speaker 2: just needs to make the lever available and then each
• 18:58
  Speaker 2: council can decide whether theyll it or not. Brian Bread,
• 19:02
  Speaker 2: let's go around the regions now in Donedan Callum, Good
• 19:05
  Speaker 2: morning morning, Ryan. Hey, what's this small little town that's
• 19:08
  Speaker 2: leading the property value growth stakes.
• 19:11
  Speaker 5: It's Automatata in the Waittucky. You're familiar with that part
• 19:16
  Speaker 5: of the world. Down here, it's You're just a small place,
• 19:18
  Speaker 5: just two hundred people, and it's topping the country for
• 19:20
  Speaker 5: property growth so farthes here in the first quarter. This
• 19:23
  Speaker 5: is the latest one roof data, and so values in
• 19:27
  Speaker 5: Automatata have gone up eight point seven percent eight point
• 19:30
  Speaker 5: seven to five hundred and eighty six thousand dollars in
• 19:33
  Speaker 5: the first three months of the year. So Automatata in
• 19:36
  Speaker 5: the news today on an annual basis, though Central Otago
• 19:39
  Speaker 5: continues to lead the games big time. Aratown posted the
• 19:43
  Speaker 5: biggest left up eleven point four percent, followed closely by
• 19:46
  Speaker 5: neighboring Lake Hayes at ten. The average value in Aratown now, Ryan,
• 19:50
  Speaker 5: three point one million.
• 19:52
  Speaker 2: Heavy place. Have you been to Automatata?
• 19:54
  Speaker 5: I have been there. What's this cycled through it as
• 19:58
  Speaker 5: part of the of of an impressive cycle trail. Well,
• 20:02
  Speaker 5: it's small, it's small, Ryan, and I suppose that's what
• 20:05
  Speaker 5: makes it desirable.
• 20:06
  Speaker 2: Yeah, I'm just looking because I'm just on one roof
• 20:09
  Speaker 2: having a look at the houses for so I mean
• 20:10
  Speaker 2: you can get a pretty decent three betty for four
• 20:13
  Speaker 2: hundred and something there for the lakes. Close to the lakes,
• 20:16
  Speaker 2: straight spot, so lovely Callum. How's your weather in Dunedin.
• 20:19
  Speaker 5: It's good today mainly fine maybe later again afternoon or
• 20:22
  Speaker 5: evening showers seventeen the.
• 20:24
  Speaker 2: High nice one. Thank you Claire and christ this morning, Claire,
• 20:26
  Speaker 2: good morning. How did the decision to cut the Crusaders
• 20:29
  Speaker 2: horses come about?
• 20:31
  Speaker 12: Well, that's the big question. I think everyone's sort of
• 20:33
  Speaker 12: curious about that today. Of course, we found out yesterday
• 20:37
  Speaker 12: very late in the piece that the rugby team's iconic
• 20:39
  Speaker 12: match day horses, who never actually made it inside our
• 20:42
  Speaker 12: new stadium for testing, will not feature moving forward. The
• 20:46
  Speaker 12: six horses have been part of Crusaders' home game since
• 20:49
  Speaker 12: nineteen ninety six. We're told there is a limited space
• 20:52
  Speaker 12: around the playing field, which means they can't do their
• 20:55
  Speaker 12: usual lap around the field. Before the games we found
• 20:58
  Speaker 12: out there's seven meters from sideline to the led signage
• 21:01
  Speaker 12: around the edges. Now everyone else has been very quiet
• 21:04
  Speaker 12: on it. The Crusader's not offering much more than an
• 21:06
  Speaker 12: initial statement, the mayor not willing to speak.
• 21:09
  Speaker 4: We've got venues.
• 21:10
  Speaker 12: Auto TAGHI chief executive Caroline Harvey Tear, who says the
• 21:13
  Speaker 12: inclusion of the horses was actually assumed during the design phase.
• 21:17
  Speaker 12: She says the Crusaders and Canterbury Rugby are the home
• 21:20
  Speaker 12: teams and despite the venue being used for other events,
• 21:22
  Speaker 12: it was always assumed.
• 21:23
  Speaker 4: The horses would come that.
• 21:24
  Speaker 12: Harvey Tears says, Ultimately the decision fell on the Crusaders
• 21:28
  Speaker 12: and the city council has declined to make any comments
• 21:31
  Speaker 12: on whether it was a miss during the design phase.
• 21:34
  Speaker 2: What about a pony? This smaller man Avery one saying
• 21:37
  Speaker 2: hobby horses you might have to do. How's you with her?
• 21:41
  Speaker 12: There was the chance of a shallower early todaytion clear
• 21:43
  Speaker 12: to fine and then some cloud coming back later, southwesterlies
• 21:46
  Speaker 12: and a hiveh eighteenth.
• 21:47
  Speaker 2: All right, thanks Claire at Cape Ricard for Wellington Morning, Kate,
• 21:50
  Speaker 2: Morning Rain. We're learned of another cost controversy, have we
• 21:53
  Speaker 2: in the capitol.
• 21:54
  Speaker 13: Yes, a pair of Australian consultants are earning thousands a
• 21:58
  Speaker 13: day to rescue Wellington's budget behind schedules sludge minimization project.
• 22:03
  Speaker 13: Former Melbourne Water manager em And Kelly, alongside John Hurst,
• 22:08
  Speaker 13: have been charged with getting the project done after costs
• 22:10
  Speaker 13: balloon from more than two hundred million to more than
• 22:13
  Speaker 13: five hundred million. Now the city Council is paying. The
• 22:16
  Speaker 13: two are combined four two hundred dollars a day plus
• 22:19
  Speaker 13: GST and expenses, and is expected to clock up just
• 22:23
  Speaker 13: over one point four million over the course of the project.
• 22:26
  Speaker 13: It's set for completion in April next year.
• 22:29
  Speaker 2: All right, how's the weather.
• 22:30
  Speaker 13: Fine apart from areas of evening cloud with a high
• 22:33
  Speaker 13: of seventeen.
• 22:33
  Speaker 2: Brilliant Kate, thank you very much. And Neva has our
• 22:36
  Speaker 2: open report this morning. Neva, good morning, good morning. So
• 22:39
  Speaker 2: the ambulances look, this is a kin to attempted murder
• 22:42
  Speaker 2: in my book, just a shocking You slash the tires
• 22:44
  Speaker 2: and an ambulance. Yes, and the ambulance can't go and
• 22:47
  Speaker 2: save someone's life, They could die.
• 22:49
  Speaker 14: I know, I agree with you. For the first time
• 22:52
  Speaker 14: in my life. Ryan, So police are on the job
• 22:55
  Speaker 14: now they are seeking information. This is the Wilfield damage reports.
• 22:58
  Speaker 14: You're quite right, see John Basis. In Monaco or Taho,
• 23:01
  Speaker 14: six ambulances had their tires slashed, so a new appeal
• 23:06
  Speaker 14: has just been issued. This was after the incident at
• 23:09
  Speaker 14: Utahho on April ninth, and of course then in fab
• 23:12
  Speaker 14: we had the Monaco incident. Not good at all, so
• 23:16
  Speaker 14: police say. In both events, apparently this offender illegally gained
• 23:19
  Speaker 14: access to the station's compounds, jump through somewhere who knows where,
• 23:23
  Speaker 14: and then just started slashing the ties of the ambulances.
• 23:26
  Speaker 6: Part there.
• 23:27
  Speaker 2: Terrible, terrible murial. How's our weather shower?
• 23:30
  Speaker 14: Some heavy possible thunderstorms, hailrible for dawn shower is isolated.
• 23:33
  Speaker 14: Longer find spells though. Later on this afternoon twenty Isha
• 23:37
  Speaker 14: high au Clint.
• 23:37
  Speaker 2: Thank you very much, Neva. Bob says, great value houses
• 23:41
  Speaker 2: in Otamatata. I think I'm saying it Righttamatata. This is
• 23:45
  Speaker 2: the small town were values increased the most in the
• 23:47
  Speaker 2: latest report. But try to get a job there, says Bob. Well,
• 23:51
  Speaker 2: you can work remotely these days, can't you. I could
• 23:53
  Speaker 2: do the show from Ottomatata. I'm sure that'd be fine.
• 23:57
  Speaker 2: I'm just looking now. There's one for sale on Tasman
• 24:00
  Speaker 2: Road and Ultimatata seven hundred and twenty thousand dollars and
• 24:04
  Speaker 2: it's all brain well, looks relatively brand new, very nice,
• 24:08
  Speaker 2: wonderful views. Why is no one moving there? You've probably
• 24:11
  Speaker 2: noticed lately there's been loads of conversations about retirement. And
• 24:14
  Speaker 2: while we can't control every change ahead on the road,
• 24:17
  Speaker 2: we can choose an approach that's built for the long haul.
• 24:20
  Speaker 2: And that's why Milford's approach resonates with people and it
• 24:23
  Speaker 2: does up and down the country you speak to them.
• 24:26
  Speaker 2: Its investment team is totally focused on long term outcomes,
• 24:29
  Speaker 2: actively managing key we saver funds, and they've got a
• 24:32
  Speaker 2: forward looking strategy to do it. Over the past ten years,
• 24:36
  Speaker 2: morning Star data shows Milford's KEEISAB funds have delivered number
• 24:39
  Speaker 2: one performance in the growth, balanced and conservative categories. This
• 24:43
  Speaker 2: is a strong track record. It's built over a decade
• 24:46
  Speaker 2: of market cycles. You can read more. Don't trust me,
• 24:50
  Speaker 2: go read it Morningstar dot com, dot Au, forward Slash Funds,
• 24:53
  Speaker 2: Forward Slash, Keiwi SAVIS Survey December quarter twenty twenty five.
• 24:57
  Speaker 2: If you're planning for a future that's possibly deck away,
• 25:01
  Speaker 2: it pays to back a long term mindset and that's
• 25:04
  Speaker 2: what Milford brings to the table. Learn more at Milford
• 25:07
  Speaker 2: asset dot com. Forward slash keepsav Past performance not a
• 25:10
  Speaker 2: reliable indicator of future performance. Milford Funds Limited is the
• 25:13
  Speaker 2: issue of the Milford Keepsaber Plan. Go to milfordsset dot
• 25:16
  Speaker 2: com to read the Milford keepsab Plan product disclosure statement
• 25:20
  Speaker 2: and Milford's Financial Advice Provider Disclosure Statement.
• 25:23
  Speaker 1: International correspondence with endsit Eye Insurance Peace of Mind for
• 25:27
  Speaker 1: New Zealand Business.
• 25:30
  Speaker 2: Fourteen away from six Kevin Gray are UK. You're a correspondent, Kevin,
• 25:33
  Speaker 2: Good morning, Good evening to you. Hither right the IMF
• 25:37
  Speaker 2: the UK is going to copy worst out of this war,
• 25:40
  Speaker 2: aren't they?
• 25:41
  Speaker 15: Yes, they are. And what's more, this is the second
• 25:44
  Speaker 15: survey recently showing exactly the same thing. So according to
• 25:48
  Speaker 15: the International Monetary Firm, the UK growth that they have
• 25:51
  Speaker 15: forecast would be one point three percent, they have slashed
• 25:54
  Speaker 15: now to zero point eight percent. Now the one point
• 25:57
  Speaker 15: three percent was before the conflict in Iran. And the
• 26:02
  Speaker 15: reason that they've slashed it is because of the structure
• 26:05
  Speaker 15: of our economy here, the oil price going up will
• 26:08
  Speaker 15: keep inflation up, will mean interest rates are not cut.
• 26:12
  Speaker 15: If anything, they may go up, and that will see
• 26:15
  Speaker 15: growth really effectively slow down to a crawl. It also,
• 26:18
  Speaker 15: of course, is meaning that the stocks and shares the
• 26:20
  Speaker 15: foot seat one hundred suffering badly. But the structure of
• 26:23
  Speaker 15: our economy, little in the way of manufacturing, reliant on
• 26:26
  Speaker 15: service industries and so forth, is really not best suited
• 26:30
  Speaker 15: to a crisis where the oil is spiking in price
• 26:33
  Speaker 15: as it is.
• 26:34
  Speaker 2: What's Lord George Robertson been saying.
• 26:37
  Speaker 15: Well, you may not know the name, but he is
• 26:40
  Speaker 15: the former NATO Secretary General, and his comments today have
• 26:44
  Speaker 15: truly blown people away because he said security of the
• 26:47
  Speaker 15: United Kingdom is and I quote in peril. He says
• 26:51
  Speaker 15: the country's leaders have shown corrosive complacency towards defense. Now
• 26:56
  Speaker 15: he is the former labor Defense secretary. We currently have
• 26:59
  Speaker 15: a labor government, and he said that there are non
• 27:03
  Speaker 15: military experts in the treasury and he's accused them of vandalism.
• 27:07
  Speaker 15: He says the government has promised to publish a ten
• 27:10
  Speaker 15: year defense investment plan, but it keeps being delayed. Repeatedly,
• 27:14
  Speaker 15: and he said we cannot defend Britain with an ever
• 27:16
  Speaker 15: expanding welfare budget, too much handouts. He's saying we're underprepared,
• 27:21
  Speaker 15: under insured, under attack. We are not safe. Britain's national
• 27:26
  Speaker 15: security and safety is in peril well. His suggestion that
• 27:29
  Speaker 15: the government could find money from reducing the welfare bill
• 27:32
  Speaker 15: is possibly one shared by the money Woman, the Chancellor,
• 27:35
  Speaker 15: Rachel Reeves. But earlier this government's tried to do that,
• 27:38
  Speaker 15: make savings in that area, but they had to abandon
• 27:40
  Speaker 15: them after a fierce opposition from within their own parties.
• 27:43
  Speaker 15: So a warning, a shot across the bows. But will
• 27:46
  Speaker 15: they be able to change anything?
• 27:47
  Speaker 2: Kevin Gray are UK, you're a correspondent. It is twelve
• 27:50
  Speaker 2: minutes away from six Bryan Bridge. Tourism continues to roar back,
• 27:54
  Speaker 2: sitting now ninety two percent of pre COVID levels, with
• 27:57
  Speaker 2: three and a half million visitors a year. The monthly
• 28:00
  Speaker 2: numbers international visitor arrivals up one point seven percent in
• 28:03
  Speaker 2: February from January, though there was a one off boost
• 28:05
  Speaker 2: there because the Chinese lunar New Year timed well for US.
• 28:08
  Speaker 2: Matt Woods CEO Destination, Queenstown, Good morning, Good.
• 28:12
  Speaker 8: Morning, Ryan, how are you very well?
• 28:13
  Speaker 2: And you must be happy with how this is going tracking.
• 28:17
  Speaker 8: Look, I think Queenstown's been tracking really well. Yeah, since
• 28:20
  Speaker 8: we got out of the sort of lockdowns of COVID
• 28:22
  Speaker 8: and we bounced back to sort of those pre COVID
• 28:24
  Speaker 8: levels back in about twenty twenty three. But of course,
• 28:28
  Speaker 8: you know, seeing Chinese New Year coming down to February,
• 28:30
  Speaker 8: that's had a real impact. We've had a massive February
• 28:33
  Speaker 8: down here.
• 28:34
  Speaker 2: And how far above pre COVID are you now in Queenstown?
• 28:38
  Speaker 10: Oh?
• 28:39
  Speaker 8: Look, I think it's fair to say if we look
• 28:41
  Speaker 8: at like the national growth at the moment, we're sort
• 28:43
  Speaker 8: of sitting around about eleven percent this year of growth
• 28:45
  Speaker 8: on year on year compared to last year. Nationally we're
• 28:47
  Speaker 8: sort of sitting about six percent, so we can see
• 28:49
  Speaker 8: that Queenstown has been growing much faster. We know that
• 28:52
  Speaker 8: the airport is roughly about sort of forty percent up
• 28:54
  Speaker 8: on pre COVID levels at the moment, so quite quite
• 28:57
  Speaker 8: well up at the moment, and I think that's that
• 28:59
  Speaker 8: pressure that we're really feeling on the infrastructure with the
• 29:01
  Speaker 8: increased visitation.
• 29:02
  Speaker 2: Yeah, are you mentioned the McKenzie district when you were
• 29:05
  Speaker 2: speaking to my producer and I wondered if you could
• 29:07
  Speaker 2: tell us specifically why.
• 29:09
  Speaker 8: Yeah, Look, when you produce, the name happens to be
• 29:11
  Speaker 8: McKenzie as well. So we talked about McKenzie, Monica and
• 29:14
  Speaker 8: Queenstown and these these three areas particularly are sort of
• 29:18
  Speaker 8: areas that are really feeling that pressure from increased visitation.
• 29:22
  Speaker 8: And look, we're all about actually growing tourism, but we
• 29:24
  Speaker 8: need to make sure we have the right infrastructure in place.
• 29:27
  Speaker 8: And the problem that we have in those three districts
• 29:29
  Speaker 8: that we just talked about McKenzie, Wanica and Queenstown is
• 29:31
  Speaker 8: we have a really low rate payer base. And so
• 29:34
  Speaker 8: earlier on the show you were talking about a bed tax,
• 29:37
  Speaker 8: and that's something that we really need to look at,
• 29:39
  Speaker 8: not just for those three regions, but for New Zealand,
• 29:41
  Speaker 8: for the regions that need them. And of course we're
• 29:43
  Speaker 8: seeing Wayne Brown looking at this in Auckland as well.
• 29:46
  Speaker 8: They need a bid tax for events, We need a
• 29:48
  Speaker 8: bid text down here for infrastructure. And I think you
• 29:50
  Speaker 8: know that sort of stat that you used earlier that
• 29:52
  Speaker 8: there's thirty international visitors to one resident in Queenstown's how
• 29:56
  Speaker 8: do those how do those residents in Queenstown pay for
• 29:59
  Speaker 8: that infrastructure for those thirty international visitors.
• 30:02
  Speaker 2: They will eventually do this. I think the National Party
• 30:04
  Speaker 2: is going to take it to the election. What do
• 30:05
  Speaker 2: you reckon?
• 30:06
  Speaker 8: I think you're right. I think we're going to see
• 30:07
  Speaker 8: quite a lot of campaigning around a bid tex. We
• 30:09
  Speaker 8: need to get one. And if we're going to grow
• 30:11
  Speaker 8: tourism to be our number one export, it's number two
• 30:13
  Speaker 8: at the moment. We actually gonna have to invest in
• 30:15
  Speaker 8: infrastructure to make sure that we deliver a great experience
• 30:18
  Speaker 8: for the visitors and also the people that live there.
• 30:21
  Speaker 2: Matt would CEO Destination Queenstown Lake Wanaka Tourism. It's nine
• 30:24
  Speaker 2: to six News TALKSBB.
• 30:27
  Speaker 1: The first word on the News of the Day early
• 30:30
  Speaker 1: edition with Ryan Bridge and Spark for Business Technology that
• 30:34
  Speaker 1: keeps Business Moving.
• 30:35
  Speaker 2: News TALKSB seven minutes away from six, Ryan Holiday homeowners
• 30:39
  Speaker 2: are already being targeted by councils in most areas. Look
• 30:42
  Speaker 2: at ots at all where we are. If you advertise
• 30:45
  Speaker 2: more than sixty nights a year, then they charge you
• 30:48
  Speaker 2: double rates. If we were to go with the bid tax,
• 30:51
  Speaker 2: would that then stop? Surely you can't have both, says Norman. Well,
• 30:55
  Speaker 2: you wouldn't think so, But then it is councils we're
• 30:58
  Speaker 2: talking about, and they're wondering about not having an money.
• 31:00
  Speaker 2: Quick little update on what's happening in Spain. Pedro Sanchez,
• 31:04
  Speaker 2: you know, Justinda's comrade mate. He's the Socialist leader there
• 31:08
  Speaker 2: his wife. They've been investigating his wife over fraud, embezzlement
• 31:13
  Speaker 2: charges for ages. In fact, two years they've been investigating
• 31:15
  Speaker 2: her and they finally charged her so embezzlement, influence, pedling corruption.
• 31:22
  Speaker 2: She's used her influence as the wife of the Socialist
• 31:25
  Speaker 2: prime minister to secure and manage a post at the
• 31:28
  Speaker 2: university in Madrid and using public resources and personal connections
• 31:32
  Speaker 2: to further her private interests. In other words, accused, just
• 31:35
  Speaker 2: accused at this stage of feathering her own nest Rahm
• 31:38
  Speaker 2: Bridge Sex to Sex Morning Mike.
• 31:42
  Speaker 4: They've also announced overnight that they're going to legalize half
• 31:45
  Speaker 4: a million illegals in Spain, which is a funny thing
• 31:49
  Speaker 4: because it doesn't work anywhere else, but if you've been
• 31:51
  Speaker 4: to Spain, it's on a roll of all the economies
• 31:54
  Speaker 4: and really the IMF I don't have to covered the
• 31:56
  Speaker 4: smallst of the IMF given this global outlook here and
• 31:58
  Speaker 4: the country least of it, certainly in Europe is Spain.
• 32:02
  Speaker 4: It seems to me at the moment Spain can do
• 32:04
  Speaker 4: no wrong. Everything about the economy, the tourism, et cetera
• 32:07
  Speaker 4: is fantastic.
• 32:07
  Speaker 2: All the renewables. The UK's baggered by their energy, aren't.
• 32:12
  Speaker 4: They hate the British though our sun was there last week?
• 32:15
  Speaker 2: Oh was it? Yeah?
• 32:16
  Speaker 4: And unless you speak Spanish, they're not interested in you.
• 32:19
  Speaker 2: They've got that, They've got that real vibe Parisian snobbery exact. Hey,
• 32:23
  Speaker 2: did you see Trump and Maloney going at it? That's funny.
• 32:26
  Speaker 4: Yeah, that's funny.
• 32:27
  Speaker 2: And old friends now foes.
• 32:29
  Speaker 4: Well that's the thing, isn't it. Didn't we learn that
• 32:31
  Speaker 4: with Hungary the other day. What was once a thing
• 32:34
  Speaker 4: if you were aligned with Trump is no longer a thing.
• 32:37
  Speaker 4: So you want to on it?
• 32:38
  Speaker 2: Hey, was I right about the big text? Or where
• 32:40
  Speaker 2: am I going to be right about the big text?
• 32:41
  Speaker 4: I don't know what you mean?
• 32:43
  Speaker 2: So Trump, sorry, Luxon, Yes, not to be confused.
• 32:47
  Speaker 4: Sign the deal.
• 32:48
  Speaker 2: Sign the deal and we'll look at it in the dealers,
• 32:50
  Speaker 2: we'll look at it. Wh's fine, no commitment, but it's coming.
• 32:54
  Speaker 2: You marke My Wie I don't know why not If
• 32:56
  Speaker 2: you makes it makes no sense not to.
• 32:59
  Speaker 4: Well in tact anyway, But everyone else does it. You
• 33:02
  Speaker 4: go anywhere in the world, you go to California, you
• 33:05
  Speaker 4: book into a hotel, you booking to the SLS in
• 33:07
  Speaker 4: California on Larcienegar, and you just look at your bill
• 33:10
  Speaker 4: at the end of it.
• 33:11
  Speaker 2: Everyone's texting in three yearros a night when I was
• 33:14
  Speaker 2: in Venice. Who cares, that's we're year.
• 33:17
  Speaker 4: But the counter argument to that, We've got to be
• 33:19
  Speaker 4: careful about this, I think, is just this whole other
• 33:22
  Speaker 4: people do it thing is not a reason to do things.
• 33:25
  Speaker 4: People rob banks, take drugs and generally a reprobate.
• 33:29
  Speaker 2: You want to do it, but look at the ratio
• 33:31
  Speaker 2: of local residents in Queenstown to international visitors. It's one
• 33:35
  Speaker 2: to thirty. In Auckland that's one to one, Like it
• 33:37
  Speaker 2: makes no sense. How can they afford to run the places?
• 33:40
  Speaker 4: I can see why you trusted. You've seen the media
• 33:42
  Speaker 4: trust thing this morning?
• 33:43
  Speaker 2: Yeah, I have, it's up significantly.
• 33:45
  Speaker 4: No it's not that's it's up significant.
• 33:49
  Speaker 2: It's up. Literally, I literally just got handed this. This
• 33:53
  Speaker 2: is why no one trusted media trust in news up significantly.
• 33:57
  Speaker 4: Who says significantly? This is the media least from it's
• 34:01
  Speaker 4: gone from thirty two to thirty five or something. For
• 34:04
  Speaker 4: goodness sake, anyway, we'll look at that this morning.
• 34:07
  Speaker 2: Yeah, forget about trusted media, what about trust and the
• 34:09
  Speaker 2: university study itself? There tomorrow.
• 34:13
  Speaker 1: For more from Early Edition with Ryan Bridge. Listen live
• 34:16
  Speaker 1: to News Talks. It'd be from five am weekdays, or
• 34:19
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