Latest / Early Edition with Ryan Bridge / Full Show Podcast: 06 March 2025

Transcript

Full Show Podcast: 06 March 2025 · Early Edition with Ryan Bridge

0:02
Speaker 1: The issues is the interviews and the insight. Andrew dickens
0:06
Speaker 1: on early edition with one roof make your property search simple,
0:11
Speaker 1: used talks, it'd be.
0:14
Speaker 2: Yes, goodbody to you and welcome and thank you so
0:16
Speaker 2: much for choosing us. Coming up earlier. The next sixty minutes,
0:19
Speaker 2: property prices are back on the rise, but not by much.
0:23
Speaker 2: How much Well Core Logic will join us in five minutes.
0:26
Speaker 2: There's more funding for doctors and nurses. How will ed help.
0:29
Speaker 2: We'll have that story for you in ten how civic
0:32
Speaker 2: funding for events is a good thing. And Adrian or
0:36
Speaker 2: is off. We're going to talk to Cameron Baggery about
0:38
Speaker 2: how he's left the Reserve Bank. We're going to have
0:41
Speaker 2: correspondence from around New Zealand and around the world, and
0:43
Speaker 2: news as it breaks. We'll keep you up to date
0:45
Speaker 2: with the cricket. We well South Africa needs one hundred
0:48
Speaker 2: and forty three runs and sixty two balls. Don't think
0:51
Speaker 2: it's going to happen. Think we're going to win, but
0:52
Speaker 2: we'll keep you in touch with that and you can
0:54
Speaker 2: text us anytime you like. Ninety two ninety two is
0:57
Speaker 2: the number of small charge applies. It's seven after five.
1:01
Speaker 1: The agenda so it's Thursday, the.
1:03
Speaker 2: Sixth of the March. White House National Security Advisor Mike
1:07
Speaker 2: Waltz says the US is pausing intelligence sharing with Ukraine. However,
1:12
Speaker 2: he suggested he'd be open to lifting the military a
1:15
Speaker 2: freeze if peace talks progress.
1:18
Speaker 3: I think we've seen movement in the last twenty four
1:20
Speaker 3: hours that the Ukrainian side will actually come to the
1:23
Speaker 3: table and negotiate a partial truce, a full truce, and
1:27
Speaker 3: then a permanent peace.
1:29
Speaker 2: Last night, President Trump made his first address of his
1:31
Speaker 2: second term to Congress. It's a very entertaining watched a
1:34
Speaker 2: great afternoon speed watching that he took a moment to
1:36
Speaker 2: mention Ukraine's President Vladimir Zelenski after days of criticizing him.
1:42
Speaker 4: Today I received an important letter from President Zelensky of Ukraine.
1:47
Speaker 4: The letter reads, Ukraine is ready to come to the
1:50
Speaker 4: negotiating table as soon as possible to bring lasting peace closer.
1:55
Speaker 4: We've had serious discussions with Russia and have received strong
1:59
Speaker 4: signals that they are ready for peace. Wouldn't that be beautiful?
2:03
Speaker 2: And we've had a lot of back and forth on
2:06
Speaker 2: the trade war, and President Trump has made it clear
2:08
Speaker 2: he's not backing down.
2:10
Speaker 4: And whatever they tariff us other countries, we will teriff them.
2:15
Speaker 4: That's reciprocal back and forth. Whatever they tax us, we
2:20
Speaker 4: will tax them.
2:22
Speaker 2: Meanwhile, Canadian Prime Minis suggests and Trudeau he's standing his ground.
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Speaker 5: Canadians are reasonable and we are polite, but we will
2:31
Speaker 5: not back down from a fight. Canada will be implementing
2:35
Speaker 5: twenty five percent tariffs against one hundred and fifty five
2:39
Speaker 5: billion dollars worth of American goods, starting with tariffs on
2:44
Speaker 5: thirty billion dollars worth of goods immediately, and tariffs on
2:48
Speaker 5: the remaining one hundred and twenty five billion dollars of
2:51
Speaker 5: American products in twenty one day's time.
2:54
Speaker 2: Well, she's all on eh. And finally, Florida has launched
2:58
Speaker 2: a criminal investigation into the influence of brothers Andrew Tate
3:02
Speaker 2: and Tristian Tate. They flew to the States last week
3:05
Speaker 2: from Romania, where they faced rape and human trafficking charges.
3:08
Speaker 2: So Florida's Attorney General, James Uthmeier says investigators have issued
3:13
Speaker 2: search warrants and subpoenas as part of a now active inquiry.
3:18
Speaker 2: It's coming up ten after five.
3:20
Speaker 1: News and Views You Trust has done Your Day. It's
3:23
Speaker 1: early edition with Andrew Dickens and one roof make your
3:27
Speaker 1: Property Search Simple, youth Talk Sidy.
3:30
Speaker 6: Yeah.
3:30
Speaker 2: So I watched the State of the Union yesterday afternoon. Boy,
3:33
Speaker 2: it was the entertaining. It was raucus. President Trump addressed
3:37
Speaker 2: Congress and he spoke and he spoke, and he spoke
3:39
Speaker 2: and he spoke. His was the longest State of Union ever,
3:43
Speaker 2: beating Bill Clinton's one hour and twenty effort by twenty minutes.
3:46
Speaker 2: An hour and forty he spoke for and you were
3:48
Speaker 2: left with absolutely no doubt that the man loves tariffs.
3:52
Speaker 2: They're a beautiful thing. He's looking to make America great
3:55
Speaker 2: again by punishing the rest of the world with these tariffs,
3:57
Speaker 2: and it's going to hurt everyone, including America, which you
4:01
Speaker 2: have to say, is disruption at its biggest and best.
4:04
Speaker 2: I bet the tech bros love it, whether Trump and
4:07
Speaker 2: anti globalists like it or not. We are living in
4:10
Speaker 2: the most interconnected global economy in history, and he has
4:14
Speaker 2: to remember you cannot undo a century of trading with
4:16
Speaker 2: one tax. So these tariffs will hurt American businesses and
4:20
Speaker 2: we saw that with the collapse of the Dow over
4:22
Speaker 2: the course of the week. But everyone else is going
4:24
Speaker 2: to get hit, especially small export nations like ourselves. We
4:28
Speaker 2: know that tariffs are coming to the agriculture sector. What
4:30
Speaker 2: do we do agriculture? But I think people don't quite
4:33
Speaker 2: realize just how far into our economy the American shutdown
4:36
Speaker 2: will affect billions in Keiwi, Savor, New Zealand, super and
4:40
Speaker 2: private investor funds are going to be lost because of
4:43
Speaker 2: their exposure to the American markets. We're told, don't look
4:47
Speaker 2: at your balance. Maybe it will get better later, hope so.
4:51
Speaker 2: And if Trump is successful and America rises out of
4:54
Speaker 2: its dependence on cheap foreign labor and imported products and
4:57
Speaker 2: starts becoming the self sufficient nation that the president wants,
5:01
Speaker 2: then it's debatable that we'll ever get back in there
5:04
Speaker 2: to sell our stuff the way we used to. The
5:07
Speaker 2: tariffs will impoverish America in the short term, but if
5:09
Speaker 2: he's right, the long term American future could look bright.
5:12
Speaker 2: But for the rest of the world, including us, our
5:15
Speaker 2: prospects have certainly taken a hit, you know, And it's
5:18
Speaker 2: just as things were starting.
5:19
Speaker 7: To look better.
5:20
Speaker 2: Andrew dickins, it is now twelve minutes out of five. Now, Look,
5:24
Speaker 2: there's nothing wrong with the war against emissions, just forget
5:28
Speaker 2: climate change, just part that for a moment. Just think
5:30
Speaker 2: about the crap that's going into your lungs. All the
5:33
Speaker 2: oxygen humankind can ever breathe is locked inside a twelve
5:38
Speaker 2: mile high bubble around the globe called the bias. For you,
5:41
Speaker 2: and pumping too many poisons into it, well it's suicidal.
5:45
Speaker 2: So we find out today that half of the world's
5:47
Speaker 2: climate heating carbon emissions come from the fossil fuels produced
5:52
Speaker 2: by just thirty six companies. The report found that the
5:57
Speaker 2: thirty six major fossil fuel companies, including soud The Aramco, Coal, India,
6:02
Speaker 2: Xon Mobil, Shell, BP and numerous Chinese companies, produce coal,
6:08
Speaker 2: oil and gas, responsible for more than twenty billion tons
6:11
Speaker 2: of CO two emissions in twenty twenty three. So if
6:15
Speaker 2: Saudi Aramco was a country, it would be the fourth
6:18
Speaker 2: biggest polluter in the world after China, the US, and India,
6:24
Speaker 2: and while Exon Mobil is responsible for about the same
6:27
Speaker 2: mission emissions as Germany and Germany is the ninth biggest
6:31
Speaker 2: polluter according to the data. And despite all the miles
6:35
Speaker 2: of column inches that keep being pumped out about climate
6:38
Speaker 2: change and carbon emissions, the thirty six companies have never
6:42
Speaker 2: ever reduced their emissions, so I see that calling them
6:47
Speaker 2: out is a good thing and anything they can do
6:49
Speaker 2: to reduce their output would be appreciated because we all
6:52
Speaker 2: like fresh air. We only get one planet and we
6:55
Speaker 2: should take care of it. It's thirteen after five, so
7:00
Speaker 2: call logics come out again and shown some life in
7:03
Speaker 2: the housing market. But just how much we'll tell you
7:05
Speaker 2: in a few moments time, and we'll also ask the
7:07
Speaker 2: question how long will it last? This is News Talk's sabb.
7:12
Speaker 1: The news you need this morning and the in depth
7:15
Speaker 1: analysis early edition with Andrew Dickens and one roof make
7:19
Speaker 1: your Property search Simple.
7:21
Speaker 2: News Talk SIBB sixteen after five, South Africa two thirty
7:26
Speaker 2: seven for eight, one hundred and twenty six runs and
7:28
Speaker 2: forty seven balls to win. And well it looks like
7:32
Speaker 2: we're going to do it, which is awesome news. Speaking
7:35
Speaker 2: of sports, by the way, Mayor Wayne Brown has said
7:39
Speaker 2: that the councilor should start looking at bringing the America's
7:42
Speaker 2: Cup back to Aucand and he's calling on government to
7:45
Speaker 2: do this as well. What do you think is this
7:47
Speaker 2: a good idea or not? You can text me ninety
7:49
Speaker 2: two ninety two. Now we might have some signs of
7:52
Speaker 2: life in the housing market. Core Logic's latest numbers are
7:55
Speaker 2: showing a zero point three percent rise in property values
7:58
Speaker 2: in February. Now, that follows a four point one percent
8:01
Speaker 2: drop over March to September last year. This is the
8:04
Speaker 2: biggest game since January last year. So is this the
8:07
Speaker 2: sign of a recovery? Well, someone who will know this
8:10
Speaker 2: is Calvin Davidson, whose core Logic's chief property economists, and
8:15
Speaker 2: he joins it now, Hello, Calvin, good morning. Why's it
8:18
Speaker 2: going up?
8:20
Speaker 8: Well, interest rates basically, I mean we've seen before the
8:23
Speaker 8: impact that lower interest rates can have, and I think
8:25
Speaker 8: we're seeing there again. There are still restraints as well,
8:28
Speaker 8: things like the week of labor market. There's a lot
8:30
Speaker 8: of listings out there, so I think you'd probably still
8:32
Speaker 8: call it a buyer's market. But certainly the impact of
8:35
Speaker 8: lower interest rates is huge. People can just have a
8:38
Speaker 8: bit more cash to spend on a house, all right.
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Speaker 2: Well, prices are down nearly seventeen percent from the peak
8:43
Speaker 2: in the middle of the pandemic where we just decided
8:45
Speaker 2: to buy houses because we had nothing else to do.
8:48
Speaker 2: But we're still well above the pre COVID numbers by
8:51
Speaker 2: seventeen percent, So are we going to continue to be
8:53
Speaker 2: so volatile?
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Speaker 8: I think we're probably setting into a more stable phase
8:58
Speaker 8: and the interest rates hopefully have settled down a bit.
9:02
Speaker 8: I thank COVID's five years on now, so you think
9:04
Speaker 8: we're back to some kind of normality. We've got a
9:07
Speaker 8: little bit of wage growth coming through, so you think
9:10
Speaker 8: that there's a recently steady path of the house prices ahead.
9:13
Speaker 8: But I don't think we're going to go into a
9:15
Speaker 8: new boom because there are those restraints out there. There
9:18
Speaker 8: still are a lot of listings. Affordability is a challenge,
9:20
Speaker 8: and this time we've got debt to income ratio restrictions
9:23
Speaker 8: which we didn't have last time. So as interest rates
9:26
Speaker 8: come down, particularly those test rates at the benks, the
9:29
Speaker 8: internal rates they check affordability with. As they come down
9:33
Speaker 8: that's been debt to income ratios start or start take hold,
9:36
Speaker 8: and they will sort of limit loan sizes and limit
9:39
Speaker 8: house prices. So there's sort of forces in both directions.
9:42
Speaker 2: I guess we've always talked about house supply. Is that
9:44
Speaker 2: still a problem.
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Speaker 8: Well, I think really the mean measuring housing so called
9:50
Speaker 8: housing shortages, is a little bit tricky, but I think
9:53
Speaker 8: at the moment, there's a general feeling in the market's
9:56
Speaker 8: fairly balanced, and we've seen that. Okay, the construction sector's
9:59
Speaker 8: been in the down over the past couple of years,
10:01
Speaker 8: but prior to that had a huge boom. Some of
10:04
Speaker 8: that tail the end of those properties are still coming through,
10:07
Speaker 8: still being put into the market or finished. So I
10:09
Speaker 8: think supply and demand are probably fairly well balanced. Actually,
10:12
Speaker 8: we've had net migration tail off a lot, so population
10:15
Speaker 8: growth has slowed down. So I just think the risks
10:18
Speaker 8: of shortages and I guess spikes and house prices driven
10:21
Speaker 8: by not having enough houses, I think those risks are
10:25
Speaker 8: much less than the past.
10:27
Speaker 2: And can New Zealanders still bank on their biggest asset
10:30
Speaker 2: continuing to appreciate year on year or not?
10:34
Speaker 9: I think so.
10:35
Speaker 4: Yeah.
10:35
Speaker 8: I mean you tend to see through time a bit
10:37
Speaker 8: of general inflation, you tend to see some wage growth,
10:39
Speaker 8: we tend to see population growth. All of those underlying fundamentals,
10:43
Speaker 8: if you like, supportive for house prices. But yeah, I
10:46
Speaker 8: just think that it's probably a steadier past and perhaps
10:49
Speaker 8: some of the big booms who've seen historically partly because
10:52
Speaker 8: of those set to income raciare restrictions and maybe just
10:55
Speaker 8: maybe there's a wee bit of a societal change going
10:58
Speaker 8: on where where people are she realizing if a rising
11:01
Speaker 8: house prices are not necessarily a good thing, especially for
11:05
Speaker 8: the next generation trying to buy, so hard to measure,
11:08
Speaker 8: hard to say if that's for sure, but just a
11:10
Speaker 8: sense that's going on. So I think we'll see rising
11:13
Speaker 8: house prices, but maybe sly in the past.
11:15
Speaker 2: Well that's good news, Kelvin, and I thank you for
11:17
Speaker 2: joining us. Kelvin Davidson, core Logic's chief property economists. It
11:20
Speaker 2: is now nineteen minutes after five. So we've got an
11:23
Speaker 2: increase in training places for nurse practitioners and also more
11:29
Speaker 2: advanced education for nurses, one hundred and twenty of them.
11:32
Speaker 2: How is this going to affect our health sector. We'll
11:35
Speaker 2: talk about this in a few moments time with Professor
11:37
Speaker 2: warick Bag. It is now five twenty.
11:41
Speaker 1: The first word on the News of the Day early
11:44
Speaker 1: edition with Andrew Dickens and One Room, Make your Property
11:47
Speaker 1: search and symbol you talk with me.
11:50
Speaker 2: It's five twenty two. So it's been a big week
11:53
Speaker 2: of health announcements. We've got the doctors one, now we've
11:55
Speaker 2: got another one. The government's increasing the number of training
11:58
Speaker 2: places for nurse practitioners, is specializing in primary care to
12:02
Speaker 2: one hundred and twenty a year. Is also supporting advanced
12:04
Speaker 2: education for up to one hundred and twenty registered nurses.
12:08
Speaker 2: Professor Warwick bag is the Dean of Medical and Health
12:10
Speaker 2: Sciences at Orkhan University. He's got a baarly for us.
12:13
Speaker 2: Good morning to you, Warrick.
12:14
Speaker 9: Good morning Andrew.
12:15
Speaker 2: Wonderful news, isn't it? Is it enough? Will it make
12:19
Speaker 2: a difference?
12:20
Speaker 9: Of course it will make a difference, Andrew. The Minister
12:22
Speaker 9: has touched on all of the important points to improve
12:26
Speaker 9: the numbers of healthcare workers in New Zealand. He's announced
12:31
Speaker 9: nurse practitioner training, particularly in primary care. He's upskilling nurses
12:35
Speaker 9: in rural education. He has supported new locally trained doctors.
12:41
Speaker 9: And he's also making use of doctors that are already
12:44
Speaker 9: here or perhaps arriving in New Zealand and helping them
12:47
Speaker 9: to train to become general practitioners. So there's a range
12:50
Speaker 9: of solutions and the Minister has injected money behind each
12:53
Speaker 9: of those solutions which is really going to make a difference.
12:56
Speaker 9: Some of those in the very near term, some of
12:58
Speaker 9: those in the longer term.
12:59
Speaker 2: Obviously, obviously you appreciate and respect the Health Minister, which
13:03
Speaker 2: is of course Simi and Brown, is the war between
13:07
Speaker 2: the Health Ministry and all the practitioners coming to an end.
13:11
Speaker 9: Well, I think as a university were delighted to be
13:14
Speaker 9: able to work with the Minister to help with their
13:17
Speaker 9: education of folks who want to be health professionals to
13:20
Speaker 9: meet New Zealand's needs. So we're definitely very delighted with
13:26
Speaker 9: their announcement and helping the sector get back on its feet.
13:31
Speaker 2: And because you're at the university, because you're training these people,
13:34
Speaker 2: are people coming to you for training? Do we have
13:37
Speaker 2: the raw materials that can be formed into a health sector?
13:42
Speaker 9: Absolutely, Andrew, We've been absolutely delighted by the strength of
13:45
Speaker 9: all of our educations this year. We are well experienced,
13:50
Speaker 9: we've got a great track record, and we're really excited
13:53
Speaker 9: about the way we can do this education and the
13:56
Speaker 9: cost effective way we can do this education. So this
14:00
Speaker 9: is really a very good news story and delighted by
14:02
Speaker 9: the Minister's series of announcements.
14:04
Speaker 2: And finally, those people you're going to train are their
14:07
Speaker 2: jobs for them at the other end.
14:09
Speaker 9: So one of the challenges with new nursing graduates. That's
14:13
Speaker 9: been a particular challenge and something we need to keep
14:16
Speaker 9: working through and I know that Health New Zealand is
14:18
Speaker 9: committed to doing that. We seem to have no trouble
14:22
Speaker 9: in finding places for doctors to work, so that's really
14:25
Speaker 9: good news and with a focus on general practice, will
14:28
Speaker 9: really be strengthening that part of the equation. So I
14:33
Speaker 9: think it's a strong yes to your answer, with some
14:36
Speaker 9: attention particularly to those areas around new graduate nurses.
14:39
Speaker 2: Well Wareck, thank you so much for your insight today.
14:42
Speaker 2: Professor Warwick bag from the University of Auckland, the Medical
14:45
Speaker 2: and health science is dean. Look at that. We just
14:48
Speaker 2: had two good news stories in a row for this country.
14:51
Speaker 2: Feeling good. You should. It's five twenty five.
14:54
Speaker 1: The early edition full the Show podcast on Ironart Radio
14:58
Speaker 1: powered by News Talks.
14:59
Speaker 6: That me.
15:01
Speaker 2: It's us. He'll be five twenty seven. So Adrian Orr
15:05
Speaker 2: is gone in a month. We don't know why was
15:08
Speaker 2: he pushed, did he jump? Whatever? He'll probably breathe a
15:12
Speaker 2: sigh of relief because Adrian Or has been at the
15:14
Speaker 2: center of public scrutiny ever since he got the job
15:16
Speaker 2: as New Zealand Superfund CEO, and he got that back
15:19
Speaker 2: in two thousand and seven, and during his tenure as
15:22
Speaker 2: Reserve Bank Governor, he was damned no matter what he did,
15:25
Speaker 2: because here's the thing about being the Reserve Bank governor.
15:27
Speaker 2: With every move there will always be victims who always
15:30
Speaker 2: feel punished in the pocketbook. So everyone has an opinion
15:34
Speaker 2: of Adrian Orr, and most are not complimentary. And honestly,
15:37
Speaker 2: who needs that. He's sixty three, he's wealthy, and I'm
15:42
Speaker 2: sure keen to return to anonymity. So was he as
15:44
Speaker 2: bad as many say?
15:46
Speaker 10: Well?
15:46
Speaker 2: Had the Superfund, he was generally hailed as a good
15:48
Speaker 2: operator who increased our savings, but he was also vilified
15:52
Speaker 2: for taking a million dollar salary. You have to say, though,
15:55
Speaker 2: that was well below equivalent private positions, But you know,
15:59
Speaker 2: we looked at it. Was he stupid? No, he's got
16:02
Speaker 2: an impressive CV. He's had stints in Paris at the OECD,
16:06
Speaker 2: He's worked here with the National Bank, the Reserve Bank,
16:08
Speaker 2: Westpac and then the Reserve Bank again. Then he got
16:11
Speaker 2: the CEO job for the Superfund in two thousand and seven,
16:14
Speaker 2: and then he became the governor. So if I have
16:16
Speaker 2: one criticism of Adrian Or, well, no, I've got two. One,
16:20
Speaker 2: he's a little bit woky, and you'll hear about that
16:23
Speaker 2: as the day goes on. Some of his staff there's
16:25
Speaker 2: a battle happening about his funding. But the other one
16:28
Speaker 2: I have is his lack of confidence in New Zealanders.
16:31
Speaker 2: When the pandemic started, he made money virtually free, believing
16:34
Speaker 2: the economy would collapse. But it didn't because New Zealanders
16:38
Speaker 2: found a way and the flood of money fueled the
16:41
Speaker 2: fire of inflation, combined with a government that was drunk
16:44
Speaker 2: on spending. And then when inflation rage, he reacted in
16:48
Speaker 2: an orthodox way by raising the interest rates. But I
16:51
Speaker 2: don't think he figured on a government that had then
16:53
Speaker 2: turned the government spending tap off, turning his big stick
16:57
Speaker 2: for the economy into a sledgehammer. Our macroeconomic policies have
17:02
Speaker 2: reel from feast to famine over the past five years.
17:06
Speaker 2: We'll like some drunks stumbling down the street, and it's
17:09
Speaker 2: certainly time for some stability and some conservative policies and
17:13
Speaker 2: to worry about the dollars and cents and nothing else.
17:16
Speaker 2: So Adrian, after getting our ship headed towards the stable path,
17:20
Speaker 2: has called it a day, and I wish him and
17:23
Speaker 2: his family all the best, and I hope he enjoys
17:26
Speaker 2: the piece in quiet, and I hope I never hear
17:29
Speaker 2: his name again.
17:31
Speaker 1: Dickens.
17:32
Speaker 2: All right, at the trade war, Canada's reacted and they're
17:36
Speaker 2: saying that consumer goods are going to rise in North
17:38
Speaker 2: America in price big time. Over the next week. We'll
17:41
Speaker 2: talk to Mitch mccamon for the US about all this.
17:44
Speaker 2: Shortly here on New Stories.
17:45
Speaker 10: He'd been.
17:52
Speaker 1: Get ahead of the headlines on early edition. Andrew Dickens
17:56
Speaker 1: and One Room, Make Your Property Search Simple News Talks.
18:00
Speaker 3: It be.
18:12
Speaker 2: Goodbody, Welcome to your Thursday. I'm Andrew Dickens. Yes, I
18:18
Speaker 2: got my name right, I'm named for Ryan Bridge and
18:22
Speaker 2: my producers just asked me, is this quickly going to
18:24
Speaker 2: end soon? Well, I don't know. It's the mystery of
18:26
Speaker 2: the game. This is why we watch. If we knew
18:28
Speaker 2: when it was going to end, why would we watch it.
18:30
Speaker 2: But it should end soon South because one hundred behind
18:34
Speaker 2: us and they've only got one wicket left. So you know,
18:38
Speaker 2: we're just sitting here just waiting for a glorious moment
18:40
Speaker 2: when New Zealand will end out. In the final against
18:42
Speaker 2: India in Dubai, Indias played all their games in Dubai.
18:46
Speaker 2: It's their home patch in this tournament, so that's not
18:48
Speaker 2: good news. But anyway, more on this bit later on. Look,
18:50
Speaker 2: I'm off to my second event of the Aukland Arts
18:53
Speaker 2: Festival tonight. I went to sixth the Music Hall last
18:56
Speaker 2: weekend and that was great. I well recommend that even
19:01
Speaker 2: more so because it was just seventy five minutes long
19:03
Speaker 2: and it had no intermission, which is great. You know
19:06
Speaker 2: how you go through the first half of something then
19:08
Speaker 2: you have an into Michigan. Oh, I've go through another
19:11
Speaker 2: half of all this no intermission, seventy five minutes in
19:13
Speaker 2: out boom. It was fun. Tonight I'm going to a
19:16
Speaker 2: troop of female aeralists called Belle, who are performing to
19:19
Speaker 2: a soundtrack composed by a key week Eden Mulholland. This
19:22
Speaker 2: show is also only one hour long, loving it. And
19:25
Speaker 2: next week I'm off to a saucy cabaret in the
19:27
Speaker 2: Speaker Tent and its charm is that it starts at
19:30
Speaker 2: six thirty pm and again it's only an hour long. Fabulous.
19:33
Speaker 2: These are great events for busy people who wake up
19:36
Speaker 2: and sane the early and that's me. So today I'm
19:38
Speaker 2: going to meet my partner in town. At six, We're
19:40
Speaker 2: going to go to our favorite yakatory joint and help
19:42
Speaker 2: stimulate the economy and fill our berry bellies, because that
19:46
Speaker 2: is the upside of all these events. It gets people
19:48
Speaker 2: out and it gets them spreading their cash through the economy.
19:51
Speaker 2: And this seems to be something that Awkan's mayor is
19:53
Speaker 2: realizing that it's council's job to promote events coming to
19:57
Speaker 2: their cities. So all of a sudden he's talking up
19:59
Speaker 2: the America's cut returning to our shores, which I don't
20:02
Speaker 2: think he would have done at the beginning of his term.
20:04
Speaker 2: Is this a good idea? Well, it would be lovely,
20:07
Speaker 2: but I don't think it's going to happen. But big
20:09
Speaker 2: civic events are good. They are stimulatory and we all
20:14
Speaker 2: love them, so keep them coming. It's twenty one to six.
20:17
Speaker 1: Andrew Dickens just some quick texts.
20:19
Speaker 2: Everyone's got a theory about Adrian Orr. Jack reckons the
20:23
Speaker 2: government is stacking for cover because they don't want us
20:25
Speaker 2: to know what Adrian Or's payout was. Well, it's between
20:28
Speaker 2: them and him, and who cares. Another good question raised
20:32
Speaker 2: from the text is the real question is why did
20:35
Speaker 2: staff numbers at the Reserve Bank grow so much under
20:37
Speaker 2: the time that Adrian Or was there. What were they
20:40
Speaker 2: doing that wasn't being done before? And this is the
20:42
Speaker 2: battle that has been fought between the current government and
20:45
Speaker 2: the governor for quite some time. Funding has gone through
20:47
Speaker 2: the roof with Adrian Or, and he wanted even more
20:51
Speaker 2: and the government was saying absolutely no way. Look we
20:54
Speaker 2: got the big inflation because of you. That's why your
20:56
Speaker 2: costs went up. How about you cut your costs. How
20:58
Speaker 2: about you get back to knitting, how about be less
21:01
Speaker 2: workI So that could be a reason why he's left.
21:05
Speaker 2: And we'll talk more about this with Cameron bag Reep
21:07
Speaker 2: very shortly, but right now it's trying to go right
21:09
Speaker 2: around the country and say good morning to Callum Proctor
21:12
Speaker 2: in Dunedin Halla, Callum morning, Andrew. So a university study
21:16
Speaker 2: is exposed gaps in our education around beach safety.
21:21
Speaker 6: Yeah.
21:21
Speaker 11: What it's found is that only half of Kiwi beach
21:24
Speaker 11: users could I identify a rip in photos and videos,
21:30
Speaker 11: while people with surf related experience could spot them seventy
21:33
Speaker 11: five percent of the time. So New Zealand recorded seventy
21:36
Speaker 11: two drownings last year, many attributed to rip currents. The
21:41
Speaker 11: lead author of the studies Rachel Irvings. She says it's
21:44
Speaker 11: the first study of its kind to assess whether videos
21:47
Speaker 11: are a more effective tool and education, so these results
21:50
Speaker 11: are very concerning. She's now planning to look into how
21:53
Speaker 11: AI can help educate beach users in the future.
21:56
Speaker 2: How's Donedian's weather fine today?
21:59
Speaker 11: Cloud develops this afternoon, a high of nineteen.
22:01
Speaker 2: Good job, callum, Thank you. Claire Sherwood from christ Church,
22:04
Speaker 2: Good morning, Good morning. So what's the Cancer Society of
22:06
Speaker 2: New Zealand up to in your town?
22:08
Speaker 8: Yeah?
22:08
Speaker 12: Well, this is the first for the Cancer Society. They're
22:11
Speaker 12: hosting a first their first ever cancer Research and Innovation
22:15
Speaker 12: conference right here in christ Church over the next two days.
22:19
Speaker 12: Healthcare professionals are looking into some cancer research as well
22:22
Speaker 12: as treatments and also efforts to combat the disease. The
22:26
Speaker 12: role of biobanking to support such research. The global surgeon
22:31
Speaker 12: under fifties, being diagnosed with cancer, and innovations in screening
22:35
Speaker 12: are just some of the topics that they're planning to discuss.
22:38
Speaker 12: Chief Executive Nicola Combe says the event's a critical platform
22:41
Speaker 12: for collaboration and the fight against cancer. As our diagnosis
22:45
Speaker 12: rates rise and how's Canterbury's weather fine with light winds
22:49
Speaker 12: and some afternoon breezes a maximum of seventeen.
22:52
Speaker 2: Max told joins us from Wellington. Hello, Max, good morning.
22:55
Speaker 2: You've got the Pride Festival coming up and security is
22:58
Speaker 2: being beefed up. You're expecting trouble.
23:00
Speaker 7: Well expecting trouble, hopefully not. Brian Tarmacke's stunts in Auckland
23:05
Speaker 7: really do have Wellington officials on high alert. The Pride
23:09
Speaker 7: Parade specifically takes place this weekend. You're going to see
23:12
Speaker 7: more police, dedicated security teams on standby apparently Pacifica Patrol
23:17
Speaker 7: and Mardi Warden's according to the council as well. And
23:20
Speaker 7: in the meantime, in the background to all this, you've
23:22
Speaker 7: got this small transgender crossing in Breenpoor that's attracting more
23:26
Speaker 7: and more attention. It's only a portion of the pedestrian
23:30
Speaker 7: crossing in the suburb. It's in the median bay of
23:33
Speaker 7: the crossing. It's colored in the transflag colours. The council
23:37
Speaker 7: has told us it'll be removed because it goes against
23:40
Speaker 7: their policies. Meanwhile, you've got MP Julianne Genter and several
23:43
Speaker 7: councilors who as we predicted at the beginning of the week,
23:46
Speaker 7: and now lobbying to keep it. And on social media
23:48
Speaker 7: it's caught the attention of Tarmaki himself who's been spewing
23:52
Speaker 7: about it. Pride Festival opens tomorrow with the various events
23:55
Speaker 7: around the city. And how's the weather mostly cloudy with
23:59
Speaker 7: a few showers, fresh southerly sixteen the high central and neither.
24:02
Speaker 2: Written mind who joins us from Auckland, hell and even
24:04
Speaker 2: good morning? So the mayor is suddenly talking up a
24:06
Speaker 2: return of the America's come Well.
24:08
Speaker 13: That's a chetta chatta chatter going on at the moment, Andrew.
24:11
Speaker 13: So the big question where will funding come from for
24:14
Speaker 13: a possible America's cut return to Auckland. So this comes
24:17
Speaker 13: after confirmation of talks between Team New Zealand and Tartucki
24:21
Speaker 13: Auckland Unlimited to bring the old Mug defense back to
24:24
Speaker 13: the city of Sales. So as we all know, you know,
24:26
Speaker 13: Team New zen and they're rejected that ninety nine million
24:28
Speaker 13: dollar offer from the government host last years regretted then
24:31
Speaker 13: that was moved to Barcelona. Commentator Peter Lester says there's
24:34
Speaker 13: plenty of funding that's going to be needed given that,
24:37
Speaker 13: you know, the event the technological advancements, and he says
24:41
Speaker 13: that all the syndicates have morphed into technology companies, which
24:44
Speaker 13: happen to sale yacht. So yes, that's a big question.
24:46
Speaker 13: You know, who's got the money and how much is
24:48
Speaker 13: it going to cost.
24:49
Speaker 2: Well, I don't think we have the money, but I
24:50
Speaker 2: don't see any harm in trial.
24:52
Speaker 13: Well that's right, got on you.
24:54
Speaker 2: And by the way, the wind for Auckland this summer
24:57
Speaker 2: has been awesome for sailing. I saw stein Lugger two
24:59
Speaker 2: on harbor yesterday and it was in full flight.
25:01
Speaker 13: Oh it was quite windy day.
25:03
Speaker 2: Yeah, I know, I it was great for sailing. How's
25:05
Speaker 2: the weather today?
25:06
Speaker 13: Fine? Southerly is a high of twenty one here in Auckland.
25:09
Speaker 2: And I thank you. And now more Adrian Or text Andrew.
25:12
Speaker 2: I have no interest in why Adrian Or has left.
25:15
Speaker 2: Just that he's gone is good enough news. The damage
25:18
Speaker 2: that he Justinda and Grant did to this country borders
25:20
Speaker 2: on criminal. According to Penny, I also wondered about the
25:24
Speaker 2: fact that he was raising the interest rates while the
25:26
Speaker 2: government was cutting the government spending under the National Raising,
25:31
Speaker 2: and I wondered whether perhaps the two hands were not
25:34
Speaker 2: looking at each other, the left and the right hand
25:36
Speaker 2: weren't talking anyway. More on this with Camon Baggriage. Shortly
25:39
Speaker 2: sixteen minutes to six. We're off to America with Mitch mccannext. Now,
25:44
Speaker 2: what if everything you've been told about changing your health
25:46
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25:55
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25:58
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26:02
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26:43
Speaker 1: International correspondence with Ends and Eye Insurance Peace of Mind
26:47
Speaker 1: for New Zealand Business.
26:49
Speaker 2: Mitch McCann joins us from the United States of America
26:52
Speaker 2: with the time at thirteen minutes to six.
26:54
Speaker 6: Hey Mitch, Hey, Andrew, how are you good?
26:56
Speaker 2: That speech to Congress went on and on and on
26:59
Speaker 2: and on. It's a record breaker, a.
27:01
Speaker 6: Dead It was more than one hundred minutes, the longest
27:03
Speaker 6: presidential address in modern history, where Donald Trump opened with
27:06
Speaker 6: the phrase last night, America is back. He spent more
27:10
Speaker 6: than one hundred minutes, as I mentioned, going over what
27:13
Speaker 6: he called his achievements. But early on there was some disruption.
27:16
Speaker 6: One Democrat had to be escorted out of the chamber
27:19
Speaker 6: for hickling Donald Trump and others held up sign saying
27:22
Speaker 6: things like false, but Donald Trump chose instead to taught
27:26
Speaker 6: many of them, calling them radical left lunatics. But in
27:29
Speaker 6: terms of any actual substance in his speech, he made
27:32
Speaker 6: a point of saying that he appreciated Volotimya Zelensky's message
27:36
Speaker 6: that Ukraine is ready to come to the negotiating table.
27:39
Speaker 6: And that's interesting because this morning the United States has
27:43
Speaker 6: paused the sharing of intelligence with Ukraine. The CIA director
27:47
Speaker 6: told Fox Business that Donald Trump had a real question
27:50
Speaker 6: about whether or not Zelensky was committed to the peace process,
27:53
Speaker 6: and he said, let's pause. But that may not last
27:56
Speaker 6: very long. The administration has really started softening its life
28:00
Speaker 6: language about Zelensky and Ukraine since that now infamous blow
28:04
Speaker 6: up at the Oval Office only a few days ago.
28:06
Speaker 2: Yeah, but they have strengthened their talk about tariffs against
28:10
Speaker 2: almost all the world. Canada's reacting as well. What's the
28:13
Speaker 2: reaction in America?
28:14
Speaker 6: Yeah, Canada very unhappy with this, justin Trudeau yesterday saying
28:18
Speaker 6: it was a very dumb thing to do. Aimed at
28:20
Speaker 6: Donald Trump that comment, but it's reported the peer. Donald
28:24
Speaker 6: Trump and Trudeau are going to speak later today about this.
28:27
Speaker 6: But we are learning this morning there might be some
28:29
Speaker 6: relief here with the tariffs, specifically targeting the auto sector.
28:33
Speaker 6: Howard Lucknet, donald Trump's Commerce secretary, was interviewed by Bloomberg
28:37
Speaker 6: this morning. He said, there are going to be tariffs,
28:40
Speaker 6: but Donald Trump's thinking about which sections of the market
28:43
Speaker 6: he's considering going giving some relief to and the reports
28:47
Speaker 6: are that could be the auto sector as soon as
28:50
Speaker 6: the safternoon, and there is a lot of cars car
28:52
Speaker 6: parts that transfer between Mexico, Canada and the US, so
28:56
Speaker 6: that would be a lot of belief. We might know
28:58
Speaker 6: as soon as the s afternoon. Hour and a half
29:00
Speaker 6: from now. The White House is holding its press breeding,
29:04
Speaker 6: so we may get some more information soon.
29:06
Speaker 2: Good stuff, Mitch McCann. Out of the United States of America,
29:09
Speaker 2: it is ten to six decades. Well, Adrianaw's gone three
29:13
Speaker 2: years early. Deputy Governor Christian Hawksby will step in as
29:17
Speaker 2: an acting governor until the last day of this month.
29:19
Speaker 2: The Finance Minister Nicola Willis acknowledged his service, does never
29:23
Speaker 2: told us why he quit. Here is Reserve Bank Board
29:27
Speaker 2: chair Neil Quickly last night.
29:29
Speaker 14: The job of the Reserve Bank governor is one where
29:32
Speaker 14: you face unrelenting critique of your actions. No matter what
29:37
Speaker 14: you do. There is a time when you think, having
29:39
Speaker 14: achieved what you wanted to achieve, that's enough.
29:43
Speaker 2: And now we're joined by independent economist Cameron Baggery. Hey, Cameron,
29:47
Speaker 2: a good warning. Everyone's got a theory about why Adrian
29:49
Speaker 2: All left, what's yours?
29:53
Speaker 10: Oh, I don't have a theory. The room and mills
29:56
Speaker 10: obviously an overdraft, but it's a it's a tough kick, right,
30:01
Speaker 10: it's a it's a tough job, and sometimes your individuals
30:05
Speaker 10: sort of reflect in regard to whether you want to
30:08
Speaker 10: continue in a role. And obviously Adrian sort of decided
30:11
Speaker 10: that it's time to move on. He's moved on, and
30:13
Speaker 10: the important thing is that who's going to be next
30:16
Speaker 10: in the job. And we can go back and self
30:18
Speaker 10: reflect and regards to the job he's done. But yeah,
30:21
Speaker 10: let's let's move on.
30:22
Speaker 2: And it's it's obvious that the current government didn't have
30:24
Speaker 2: confidence in them and they've been having a war over funding.
30:27
Speaker 2: Because that's the thing about the Reserve Bank under Adrian
30:30
Speaker 2: or suddenly it has it's mushroomed and it's and it's
30:35
Speaker 2: what wants to do and who it employees.
30:39
Speaker 10: You know, the the Reserve Bank has certainly mushroomed over
30:43
Speaker 10: the past few years something good reasons and maybe for
30:48
Speaker 10: some others. But yeah, there's a yeah, I think yeah,
30:51
Speaker 10: the start he counts increased by what yeah, factor of
30:55
Speaker 10: your two point five something like that. Yes, he got
30:58
Speaker 10: a lot more regular for your oversight. There's some justification
31:01
Speaker 10: for that. There's a few questions that probably did ask
31:04
Speaker 10: on the other side as well. But when I think
31:07
Speaker 10: about the Reserve Bank, Yeah, and this is particularly going
31:09
Speaker 10: back Toy had ten to twenty years here. Their main
31:11
Speaker 10: role is to be at monetary policy.
31:14
Speaker 2: Yes, Well, that's the thing is there's quite a few
31:16
Speaker 2: people in the leadership teams that seem to have absolutely
31:18
Speaker 2: no economic experience, and there's that Adrian's legacy to leave
31:22
Speaker 2: behind a woke bank that wasn't actually looking after the
31:24
Speaker 2: dollars and cents.
31:26
Speaker 10: Yeah, on one thing. You can have your critiques and
31:30
Speaker 10: that sort of stuff, But yeah, you go back and
31:32
Speaker 10: these it's been a pretty tough job over the past
31:34
Speaker 10: sort of three or four years facing COVID, we went
31:37
Speaker 10: into an extraordinary shock and regard and do they over
31:42
Speaker 10: engineer the economic recovery? The answer is yes, they the
31:46
Speaker 10: over engineer the economic downt and the answer is yes
31:49
Speaker 10: to sort of put us back on the economic plane
31:52
Speaker 10: of normality, and normality now beacons. But there is obviously
31:57
Speaker 10: a lot of questions about how the reserve bankers you
32:00
Speaker 10: potentially overreached into other areas. Probably the biggest one is
32:03
Speaker 10: what the Reserve Bank has done in regard to you're
32:06
Speaker 10: getting the banks to hold more capital. And of course
32:09
Speaker 10: when the banks have held more capital, I've just shifted
32:14
Speaker 10: their capital from the low risk into the low risk
32:19
Speaker 10: housing market the expense of the business sector, and that's
32:22
Speaker 10: been a bit of an economic break and productivity and
32:24
Speaker 10: economic growth.
32:24
Speaker 2: You're quite right, though, Cameron. The only world question is
32:27
Speaker 2: who's going to do the job next to you? Preparing
32:29
Speaker 2: your CV.
32:31
Speaker 10: Haven't had that call and quite heaped with what I'm
32:33
Speaker 10: doing at the moment.
32:34
Speaker 2: Good only, Cameron Bagri Independent Economists. These talks d be on.
32:38
Speaker 1: Your radio and online on iHeartRadio early edition with Andrew
32:43
Speaker 1: Dickens and one roof Make your Property Search Simple Youth Talks.
32:48
Speaker 2: Said be ladies and gentlemen. Very good news. New Zealand's
32:50
Speaker 2: just bet in South Africa by fifty runs. The handshakes
32:54
Speaker 2: do belong to New Zealand.
32:55
Speaker 7: Here they have won this semi final vote fifty year runs.
33:01
Speaker 1: That will be the.
33:01
Speaker 15: Third minor in the last six Icy Sea Whiteboard tournaments.
33:07
Speaker 2: So it goes to Dubai. India has been playing all
33:09
Speaker 2: their games in Dubai. They know that block inside out
33:12
Speaker 2: we've played the months on that block we lost, so
33:14
Speaker 2: that's not good. But how we're in the finals, so
33:16
Speaker 2: that's good news. And make husking joints.
33:18
Speaker 15: The hell suxists in life is about what's in your head,
33:21
Speaker 15: not on the block. You play any block. If you
33:24
Speaker 15: believe you're going to whin, you're going to win, as
33:25
Speaker 15: simple as that. By the way, we're going to talk education, well,
33:29
Speaker 15: Adrian or obviously, so the big thing seems to be
33:32
Speaker 15: he's hosting a wazz is not now there's a big
33:35
Speaker 15: get together of Reserve Bank type people. Bananki was remembered
33:38
Speaker 15: in Baniki. He was his beer apparently, Yeah, he was
33:40
Speaker 15: going to disguishing, So he's not going to be there anymore.
33:43
Speaker 15: So he's clearly he's packed a massive sad and gone
33:46
Speaker 15: and stormed out.
33:47
Speaker 2: And there's a massive battle about funding.
33:48
Speaker 15: And that says you, well, that'll be something to do
33:50
Speaker 15: with it. But that says something about all, doesn't it
33:53
Speaker 15: that you can't lead with a little bit of dignity.
33:55
Speaker 7: Place or whatever.
33:56
Speaker 15: So to look at this also the education. This morning
33:58
Speaker 15: we're in classrooms like you'd never hear. And I thank
34:01
Speaker 15: my producer Kimsey. My name is Andrew dickinsei tomorrow.
34:13
Speaker 1: For more from Early Edition with Ryan Bridge. Listen live
34:16
Speaker 1: to News Talks it Be from five am weekdays, or
34:19
Speaker 1: follow the podcast on iHeartRadio