Latest / Early Edition with Ryan Bridge / Full Show Podcast: 10 March 2026

Transcript

Full Show Podcast: 10 March 2026 · Early Edition with Ryan Bridge

0:01
Speaker 1: The issues, the interviews and the insight. Ryan Bridge on
0:05
Speaker 1: an early edition with one roof love, where you live
0:09
Speaker 1: news talks.
0:09
Speaker 2: It'd be good morning, just gone six after five. We'll
0:12
Speaker 2: speak to Sharon Zolna before six remains et on oil
0:15
Speaker 2: rationing of petrol happening in Wa will live across the
0:18
Speaker 2: Tasman Private hospitals could save the public system. New report
0:21
Speaker 2: on that this morning, we'll bring it to you and
0:23
Speaker 2: the Financial Time as Middle East editor on the new
0:26
Speaker 2: leader of Iran. The agenda Tuesday, the tenth of March.
0:30
Speaker 2: Great to have your company watching this G seven meeting closely?
0:34
Speaker 2: Are they going to release some reserves of oil as
0:36
Speaker 2: the price spikes.
0:38
Speaker 3: The longer this goes on, the more likely the potential
0:42
Speaker 3: for an impact on our economy and impact into the
0:45
Speaker 3: lives and households of everybody and every business.
0:48
Speaker 2: This Iranian women's football team. Trump wants Australia to give
0:52
Speaker 2: them asylum. They refuse to sing the national anthem at
0:54
Speaker 2: the Asia Cup on the GCAT.
0:56
Speaker 4: He says they will most likely be killed.
1:00
Speaker 5: Don't do it, mister Prime minister, give asylum. The US
1:03
Speaker 5: will take them if you won't.
1:05
Speaker 2: Everyone loves Rihanna except for the person who's been firing
1:08
Speaker 2: at her house. This is in Beverly Hills. She was
1:10
Speaker 2: at home at the time. Police say the suspect, a
1:12
Speaker 2: woman in her thirties, stopped in a car outside her home,
1:16
Speaker 2: fired seven shots and then drove away.
1:18
Speaker 6: Well, I was just washing dishes in my house and
1:21
Speaker 6: I heard shots. I was a little shocked. You know,
1:23
Speaker 6: we don't hear that kind of thing in this neighborhood.
1:26
Speaker 6: It's pretty quiet.
1:27
Speaker 2: No, it's Beverly Hills. No one injured, thankfully. Our suspect
1:30
Speaker 2: is in police custody.
1:33
Speaker 1: Get ahead of the headlines on early edition with Ryan
1:36
Speaker 1: Bridge and One roof Love where you Live News Talks.
1:40
Speaker 2: I'd be seven after five nine nine two the number
1:43
Speaker 2: to text. So the G seven, the big boys and
1:45
Speaker 2: girls are having a meeting and they are deciding as
1:48
Speaker 2: the price of oil had one hundred and twenty dollars
1:50
Speaker 2: a barrel yesterday. It has come back by the way overnight.
1:53
Speaker 2: It's looking Last time I checked at around ninety seven
1:56
Speaker 2: dollars a barrel, but it was up twenty five percent yesterday.
2:00
Speaker 2: They're looking at releasing some strategic reserves. You know, they're
2:03
Speaker 2: going to whole bunch that when there's an emergency, when
2:05
Speaker 2: something goes wrong, they can release it, flood the market
2:08
Speaker 2: and then hopefully the price comes down. People chill out.
2:12
Speaker 2: They did this in twenty twenty two when the war
2:15
Speaker 2: in Ukraine broke out. Iran has been going harder on
2:19
Speaker 2: the oil fields over the last few days. In fact,
2:21
Speaker 2: last night the Saudi's intercepted two waves of drone attacks
2:25
Speaker 2: heading for oil fields. So the Iranians are just they
2:28
Speaker 2: obviously see the button and they're just pressing it repeatedly, now,
2:31
Speaker 2: aren't they, Because they know what hurts the rest of
2:35
Speaker 2: the world, and it is the price of oil. So
2:37
Speaker 2: you've got this G seven meeting happening. And the reason
2:40
Speaker 2: that the price of oil came down overnight is because
2:44
Speaker 2: there was a report that came out from one of
2:47
Speaker 2: the journalists. It said three hundred million barrels they could
2:50
Speaker 2: release from the emergency stockpile. This is from the International
2:54
Speaker 2: Energy Agency. Three hundred million barrels is a butt ton
2:58
Speaker 2: of oil. It is a lot. To give you some context,
3:02
Speaker 2: three hundred million barrels, it would be more than double
3:06
Speaker 2: the previous record set, which was during Russia's invasion of
3:10
Speaker 2: Ukraine in twenty twenty two, it would be a quarter
3:12
Speaker 2: of their stockpile. This is the G seven, the International
3:16
Speaker 2: Energy Agency, but the decision would be made by the
3:18
Speaker 2: G seven finance ministers. It is effectively less though, than
3:24
Speaker 2: three days of global oil consumption. We chew through it,
3:27
Speaker 2: don't we. It's about a fortnight of normal Strait of
3:31
Speaker 2: Hormuz traffic. A fortnight, so two weeks worth of traffic
3:35
Speaker 2: through that strait, which just gives you an indication of
3:38
Speaker 2: how important it is. Anyway, they may not all agree
3:41
Speaker 2: on whether to do this or not. That amount also
3:43
Speaker 2: is subject to change, but that's the reason you saw
3:46
Speaker 2: the price come down a little bit off those massive
3:49
Speaker 2: highs that it was heading yesterday. Crain Bridge, you're on
3:53
Speaker 2: news Talks. Heb it's ten minutes after five. Next, the
3:56
Speaker 2: Iranians have got a new leader. Does this mean the
3:58
Speaker 2: war will come to Is he the they put in
4:01
Speaker 2: to do a deal and get this thing over with
4:03
Speaker 2: or is he the guy they put in to actually
4:05
Speaker 2: go longer and harder. We'll speak to a Middle East
4:08
Speaker 2: expert next on.
4:11
Speaker 1: Your radio and online on Iheard Radio Early edition with
4:15
Speaker 1: Ryan Bridge and one Root Love where you live News Talks.
4:19
Speaker 2: I'd been twelve after five. You know in Auckland we've
4:22
Speaker 2: had this problem. Be well, we all have the problem,
4:25
Speaker 2: don't we need to use the bathroom, and then the
4:27
Speaker 2: council or water Care more to the point, will pump sewage,
4:30
Speaker 2: often more sewage into places where were growing muscles and
4:35
Speaker 2: then we have to give compensation. Well, look at Canterbury.
4:37
Speaker 2: It could be coming to a town near you because
4:40
Speaker 2: last week film major and the mayor decided in a
4:42
Speaker 2: bid to reduce the smell that's coming from Bromley. You know,
4:45
Speaker 2: no one likes to wake up and have a whiff
4:48
Speaker 2: of that. One of the things they can do is
4:51
Speaker 2: release some of that sewage into the ocean. And now
4:56
Speaker 2: we have muscle farmers, their Canterbury muscle farmers saying the
5:00
Speaker 2: plan to discharge partially treated sewage into the ocean could
5:04
Speaker 2: of course devastate the local aquaculture industry. Shane Jones is
5:08
Speaker 2: up in arms, as you could imagine. What they want
5:10
Speaker 2: to do is add a bit of chlorine before pumping
5:14
Speaker 2: it in, so that'll make things okay. When it's thirteen
5:16
Speaker 2: after five.
5:17
Speaker 1: Bryan Bridge Irad.
5:18
Speaker 2: Appointed much Tuba Harmony, the son of the late Supreme
5:22
Speaker 2: leader who was killed in US Israeli strikes as the
5:26
Speaker 2: new Supreme Leader, fifty six years old, kept a very
5:29
Speaker 2: low profile, Andrew England, as the Financial Times Middle East
5:32
Speaker 2: editor joins US Live this morning, Andrew, this doesn't sound
5:36
Speaker 2: much like a big change or regime change. Is what's
5:40
Speaker 2: this guy going to be?
5:41
Speaker 6: Like?
5:41
Speaker 2: Do we know?
5:43
Speaker 7: No, I mean, we know very little about him. But
5:45
Speaker 7: what we do know is he's probably going to be
5:47
Speaker 7: a continuation of his father, who is in power in
5:50
Speaker 7: nearly four decades. That means a hardline, hostile attitude towards
5:55
Speaker 7: the US, towards Israel, towards the westmore generally. And let's
6:00
Speaker 7: remember that, you know, last week the Americans and israelis
6:04
Speaker 7: bomb Supreme Leader his father's compound killed mushta Bar's father,
6:09
Speaker 7: his mother, his wife, his sister. So you know, he's
6:14
Speaker 7: probably got a lot of hostility in him. So what
6:17
Speaker 7: we've seen is one homony replaced another homony. Just this
6:20
Speaker 7: is a younger version, potentially a more hawkish version. We
6:23
Speaker 7: just don't know yet because we don't know enough about him.
6:26
Speaker 7: Like you said, he's kind of kept a very low
6:28
Speaker 7: profile over the years.
6:31
Speaker 2: There's talk that people haven't even heard his voice. We
6:33
Speaker 2: don't even know what he sounds like. He's that low profile.
6:38
Speaker 7: Yeah, there's one recording of his voice, and they the
6:41
Speaker 7: Iranian media has put out footage of him back in
6:43
Speaker 7: the eighties during the Irana Rock War when he's with
6:49
Speaker 7: what looks like members of the elite Revolutionary Guards and
6:51
Speaker 7: he's close to revenution guards. But you know, he's had
6:54
Speaker 7: no formal position. We know that he was close to
7:00
Speaker 7: his father, the Supreme lead at Ali I had told
7:03
Speaker 7: Ali Romeni and sort of worked in his office, but
7:09
Speaker 7: he had no form position. He hasn't spoken, He hasn't
7:12
Speaker 7: he hasn't given a statement. We haven't heard from him
7:15
Speaker 7: since the war started. We don't know where he is
7:18
Speaker 7: and we don't really know what the fate of it is.
7:20
Speaker 7: We don't know if he was in that compound, you know,
7:22
Speaker 7: if he's wounded, if he's fit and healthy. We just
7:26
Speaker 7: really don't know.
7:27
Speaker 2: He's obviously got a target on his back now, doesn't
7:29
Speaker 2: thin Because these rallies as say they want to get
7:31
Speaker 2: rid of them, and in the absolutely no, no.
7:36
Speaker 7: I mean you know, possibly the Americans, I mean, Trump
7:39
Speaker 7: was asked about watched the bar the other day and
7:41
Speaker 7: he called him a lightweight. He said that he wants
7:44
Speaker 7: to approve the appointment of a new leader. He's said
7:49
Speaker 7: he's worn that, you know, a new leader without his
7:51
Speaker 7: approval won't last long. These Raelis have suggested that they
7:55
Speaker 7: would assassinate a new leader, and Trump's said the American
8:01
Speaker 7: and Israeli strikes have killed forty nine leaders. So certainly,
8:06
Speaker 7: given that he's, you know, an extension of his father,
8:09
Speaker 7: an extension of the regime, and it's a sign that
8:11
Speaker 7: the regime is doubling down. It's showing that it's defined.
8:15
Speaker 7: It's kind of stuck its finger up to Trump and
8:19
Speaker 7: showing that this, you know, everyone's reading this, this is
8:22
Speaker 7: going to continue to resist and fight back in this
8:25
Speaker 7: for then obviously he's going to be reassume that he's
8:27
Speaker 7: going to be a prime target.
8:28
Speaker 2: Yeah, they're also saying they can do six months of
8:30
Speaker 2: this dance at this pace of bombing. Is that bluster
8:33
Speaker 2: or are they serious?
8:35
Speaker 7: Six months?
8:36
Speaker 2: The Americans, all the the Iranians. Sorry, we don't know.
8:41
Speaker 7: I mean, look, obviously they're taking an absolute pounding. That's
8:44
Speaker 7: been intense bombing. They've got ballistic missiles which require missile launches,
8:49
Speaker 7: and you can have as many missiles as you like,
8:50
Speaker 7: but if you don't have the launches, then the missiles
8:53
Speaker 7: are no good. And we can assume, and these ready
8:56
Speaker 7: have been saying this that a lot of their launchers
8:58
Speaker 7: have been hit. They also have drones which they're being
9:01
Speaker 7: firing across the gulf, and this is what's pushed up
9:04
Speaker 7: oil prices. They have a lot of drones. You don't
9:07
Speaker 7: need launch to do those. So, you know, we don't
9:09
Speaker 7: know how long they can stain it because we don't
9:11
Speaker 7: know the full degree of their arsenals. We don't know
9:14
Speaker 7: the full degree of damage. But you've got to remember,
9:16
Speaker 7: from the Islamic Regien's perspective, endurance is a victory. Survival
9:21
Speaker 7: is victory. And as long as they can continue firing
9:24
Speaker 7: a missile here and a drone there and survive this
9:30
Speaker 7: onslaught from you know, the world's most powerful army to them,
9:32
Speaker 7: that will be victory. So in some ways it's kind
9:35
Speaker 7: of a war of endurance.
9:37
Speaker 2: Andrew, appreciate your analysis this morning, Andrew England, Financial Times
9:41
Speaker 2: Middle East Editor. It is seventeen minutes after five, Bryan
9:44
Speaker 2: Bridge to completely take you somewhere else. Jules has text
9:47
Speaker 2: in the program Morning Jewels. She says good morning, Ryan,
9:50
Speaker 2: up early for a Kappa sitting on our deck looking
9:53
Speaker 2: out over Tasman Bay. It's quiet, serene, living way on
9:57
Speaker 2: down at the bottom of the earth has its benefits.
10:00
Speaker 2: Love your show, Jules, Love your text. Next, it's private
10:03
Speaker 2: healthcare versus public or does it need to be.
10:08
Speaker 1: News and views you trust to start your day? It's
10:11
Speaker 1: early Ediship with Ryan Bridge and one roof love where
10:15
Speaker 1: you live news talks.
10:16
Speaker 2: I'd be five twenty. Leadership questions for the National Party
10:19
Speaker 2: are no longer relevant or important given the price of oil,
10:22
Speaker 2: I would have thought. So let's talk about what happened
10:25
Speaker 2: at that press conference yesterday. Nicola Willis came out and
10:28
Speaker 2: said there is a chance and they don't know how
10:31
Speaker 2: big the chance is yet nobody does. Anybody's guess. Only
10:34
Speaker 2: Trump knows and this new Harmony guy who's running Iran.
10:39
Speaker 2: But we need to know how big a hit to
10:41
Speaker 2: GDP we're going to take could take because of what's
10:44
Speaker 2: going on in the Middle East, and there are estimates
10:46
Speaker 2: out there. Nikola Willis gave us some yesterday, but you
10:49
Speaker 2: would have to say on the balance of probabilities at
10:51
Speaker 2: this point that quarter two the recovery is probably stalling.
10:56
Speaker 1: Ryan Bridge.
10:57
Speaker 2: New Westpac report out this morning says we need to
10:59
Speaker 2: send more public health procedures to the private system. We
11:02
Speaker 2: spend about ten percent of our GDP on health the year,
11:06
Speaker 2: seven percent public, three percent private. That's about the same
11:08
Speaker 2: as the rest of the world. But the report argues
11:11
Speaker 2: that specialized treatments could go private, cutting wait times, improving outcomes.
11:15
Speaker 2: Chris Roberts, New Zealand Private Surgical Hospitals Associations CEO with
11:19
Speaker 2: me this morning. Chris, good morning, Good morning.
11:21
Speaker 8: Ryan.
11:22
Speaker 2: Has Westpac kept the nail on the head here?
11:25
Speaker 9: Well, I don't think there's any surprises in these conclusions
11:27
Speaker 9: from Westpac. New Zealand's had a mixed private public health
11:32
Speaker 9: system for a very long time. Private hospitals have been
11:35
Speaker 9: around for one hundred years in New Zealand, and we
11:39
Speaker 9: are being called on more and more, and that's because
11:42
Speaker 9: we do have the capabilities. We deliver quality care and
11:47
Speaker 9: we can take pressure off the public health system, and.
11:50
Speaker 2: The government's already doing this with hips and knees and
11:53
Speaker 2: a bunch of other stuff more frequently now than previously.
11:56
Speaker 2: Is that the report says there's lots of capacity. I
11:59
Speaker 2: mean do we have surgeon sitting around twiddling their thumbs
12:01
Speaker 2: in private.
12:03
Speaker 9: No, we don't, but we do have private hospitals investing.
12:09
Speaker 9: They've invested heavily over the last few years into new facilities,
12:13
Speaker 9: new operating sizes. They don't tend to have the staffing
12:17
Speaker 9: issues that some of the public hospitals do, so they
12:21
Speaker 9: are looking to provide a bigger service. And of course
12:26
Speaker 9: the private hospitals as well as the insurance patients that
12:29
Speaker 9: they look after, they've long done most of the ACC surgery.
12:34
Speaker 9: So about ninety percent of the surgery done under the
12:38
Speaker 9: ACC scheme happens in private hospitals, and currently about twenty
12:44
Speaker 9: percent of the health New Zealand patients those on the
12:47
Speaker 9: elective surgery waiting lists, about twenty percent get seen in
12:51
Speaker 9: the private hospital. And I can tell you if you're
12:54
Speaker 9: on that public waiting list and you get told that
12:56
Speaker 9: you're going to get your long awaited surgery in a
13:00
Speaker 9: private hospital, you're pretty happy about that.
13:02
Speaker 2: No one's going to say no to a knee now, Chris,
13:07
Speaker 2: what's the public system getting so wrong when it comes
13:09
Speaker 2: to efficiency or are you actually doing very different things
13:12
Speaker 2: and therefore they can't cop all the blame.
13:16
Speaker 9: Oh, look, the public system is trying to be everything
13:19
Speaker 9: to everybody, so it's dealing with acute surgery emergency needs.
13:26
Speaker 9: Private hospital is all about planned care, so they're not
13:29
Speaker 9: doing that emergency service. They can plan their week, they're
13:34
Speaker 9: month ahead of they know which patients are coming in
13:37
Speaker 9: for surgery. They're incredibly efficient at looking after those patients
13:41
Speaker 9: and that's why it makes sense for those planned surgeries
13:47
Speaker 9: to happen in a private facility. It's far more efficient,
13:50
Speaker 9: it's more cost effective, and critically, it gives the patient
13:54
Speaker 9: a better experience. They know when they're going to get
13:57
Speaker 9: their surgery that they're not going to get stop the
14:00
Speaker 9: list several times, have to prepare for surgery and miss
14:04
Speaker 9: out and come back again. When you get booked into
14:07
Speaker 9: a private hospital, you know when you're going to have
14:09
Speaker 9: your surgery and you get it.
14:11
Speaker 2: Chris, appreciate your time this morning. Chris Roberts, the Private
14:13
Speaker 2: Surgical Hospitals Association Chief Executive. Twenty four minutes after five,
14:18
Speaker 2: you're on News Talks theirb I'll give you a little
14:20
Speaker 2: update on the situation in the Middle East. Next also
14:23
Speaker 2: the you know the alleged terrorist, the Bondai Beach gunman,
14:28
Speaker 2: one of them. You won't believe what he's trying to
14:31
Speaker 2: do in court. I'll tell you that shortly to Donald
14:33
Speaker 2: de Mayo out of Australia after News at half five.
14:35
Speaker 1: The early edition Full the Show podcast on iHeartRadio powered
14:40
Speaker 1: by News TALKSB.
14:42
Speaker 2: Five twenty six News TALKSB. The war in Iran is
14:45
Speaker 2: not a shocking event in the sense that we knew
14:47
Speaker 2: it was coming. Trump's been not so much hinting but
14:50
Speaker 2: sounding a foghorn for months now, and as we've been
14:52
Speaker 2: covering on this show, as you well know, he's been
14:54
Speaker 2: amassing military assets in the region since the end of January.
14:58
Speaker 2: So not surprising. But what what has surprised is Iran
15:01
Speaker 2: hitting their neighbors, the Golf States so hard, including the
15:04
Speaker 2: oil fields and the refineries. This has surprised the markets,
15:07
Speaker 2: hence what we're seeing in Asia and at home. Same
15:10
Speaker 2: goes for the price of oil. Yesterday when we talked
15:13
Speaker 2: about that Gold and Sax estimate of one hundred dollars
15:16
Speaker 2: a barrel by the end of the week, we got
15:18
Speaker 2: there by the end of Monday. Remember they also warned
15:21
Speaker 2: of one hundred and fifty dollars a barrel by the
15:23
Speaker 2: end of the month. Let's hope we're not there by Friday.
15:27
Speaker 2: Oil and fertilizer run our agricultural sector. And yesterday I
15:30
Speaker 2: was listening to a grain farmer in christ Church say
15:33
Speaker 2: that daily harvesting costs on his farm would increase by
15:36
Speaker 2: two to three thousand dollars a day already during harvesting.
15:41
Speaker 2: We're not immune to the price spikes, but we're also
15:44
Speaker 2: not that well insulated from them either. We're reliant on
15:47
Speaker 2: energy imports to keep us afloat now more than ever.
15:50
Speaker 2: Marsden Point used to refine seventy percent of our petrol
15:54
Speaker 2: ninety percent of our diesel. Extracting oil and gas became
15:57
Speaker 2: a cardinal sin under labor. You don't know what you've
16:00
Speaker 2: got till it's gone, do you. The international shocks, which
16:04
Speaker 2: as we all now know, aren't that shocking, are also
16:07
Speaker 2: driving a surge in support for economic nationalism and self reliance.
16:12
Speaker 2: Look at New Zealand. First, to this government's credit, it
16:15
Speaker 2: has extended our emergency oil backup supplies, done deals with
16:19
Speaker 2: the Singapore's of the world so that we don't run out.
16:21
Speaker 2: Hopefully and as a backstop we're about to do LNG.
16:25
Speaker 2: But again that's imported subject to shocks. The more global
16:29
Speaker 2: events we have, the more we un for self reliance
16:32
Speaker 2: and greater energy independence. Our world beating exports keep US afloat,
16:38
Speaker 2: but what use are they without a reliable supply of
16:42
Speaker 2: reasonably priced inputs that help produce them. Twenty eight minutes
16:47
Speaker 2: after five News Talks mb SO, the alleged gunman in
16:51
Speaker 2: Bondai in Sydney, Navid Arkram is his name. This is
16:56
Speaker 2: one of the two has sought a court order to
16:59
Speaker 2: prevent the media from publishing details of his immediate family. Why.
17:05
Speaker 2: Because he's worried about their safety. He's worried the fact
17:08
Speaker 2: that he allegedly went and shot up a peaceful park
17:13
Speaker 2: near the beach fifteen murdered. He's worried that that reputation
17:18
Speaker 2: might stain that of his family, and he's worried about
17:21
Speaker 2: how people are going to treat them in public. I'm
17:24
Speaker 2: sorry and I'm the skull. If you were worried about that,
17:29
Speaker 2: maybe don't go and massacre Jewish people, you know. Donald
17:33
Speaker 2: Demayo out of Australia with US Live After News and
17:36
Speaker 2: Sharon Zohlner from A and Z's on the price of
17:40
Speaker 2: oil News Talks they've been.
17:49
Speaker 1: The news you need this morning and the in depth
17:51
Speaker 1: analysis early edition with Ryan Bridge and one Route Love
17:56
Speaker 1: where you Live news talks that'd be.
18:02
Speaker 2: Pretty far away from the six zero on newsbooks have
18:04
Speaker 2: the Sharon Zolan and the Gains in chief economists with
18:07
Speaker 2: us before six is our economic recovery about to stall
18:10
Speaker 2: because of what's happening in the Middle East they're rationing
18:12
Speaker 2: fuel and Western Australia because of oil. Iran will speak
18:15
Speaker 2: to Donald de Mayo out of there shortly by the way.
18:18
Speaker 2: At the moment, Rachel Reeves, Chancellor in the UK, is
18:21
Speaker 2: giving an update to the House of Commons. She's been
18:23
Speaker 2: in a G seven meeting with other finance ministers deciding
18:26
Speaker 2: whether they will release some strategic reserves of oil and
18:30
Speaker 2: then hopefully calm the farm. So we'll play you some
18:33
Speaker 2: of what she's had to say in the last few
18:35
Speaker 2: minutes as well. Twenty three to six Bryan Bridge, God
18:38
Speaker 2: is a Eden first, Jamie, good morning, Good morning. So
18:41
Speaker 2: there's a study into the Hector's dolphins. What's that about.
18:44
Speaker 4: Yeah, So the species currently has a population just over
18:48
Speaker 4: fifteen hundred and has four sub populations in the South Island.
18:52
Speaker 4: They are managed under the Hectors and Marwi Dolphin Threat
18:55
Speaker 4: Management Plan. So this study will collect genetic sample of
18:58
Speaker 4: the dolphins determine how closely related or not they are
19:02
Speaker 4: to neighboring populations. Department of Conservation Senior Science Advisor and
19:07
Speaker 4: On Van Holden says data collected throughout the week will
19:10
Speaker 4: support their long term protection, ensuring the species continues for
19:14
Speaker 4: future generations.
19:15
Speaker 2: How's the weather.
19:17
Speaker 4: Mainly fine, some high cloud from afternoon, northeasterlyies developing this
19:21
Speaker 4: morning and a higher fourteen.
19:22
Speaker 2: Thank you very much, Jamie Clear in christ Which morning, Claire,
19:25
Speaker 2: Good morning. A freedom campers in North Brighton putting children
19:29
Speaker 2: at risk.
19:30
Speaker 10: Yes, there has been concerns around freedom camping at North
19:33
Speaker 10: Brighton for some time now. The Community Board of North
19:36
Speaker 10: Beach has been considering the next steps in dealing with
19:39
Speaker 10: the issue to put it into perspective. Effectively, you drive
19:42
Speaker 10: down Marine Parade and there's all of these car parks
19:44
Speaker 10: along the beach and a lot of them overnight and
19:46
Speaker 10: through the weekend are just filled with vans and camper
19:49
Speaker 10: vans etc. There's obviously concerned around the impact of that
19:53
Speaker 10: on the environment, but now also on children. There's children
19:56
Speaker 10: who are there's campers rather showering naked and open place.
20:00
Speaker 10: There's waste and rubbish being left behind. The community Board's
20:04
Speaker 10: looking for next steps. The board member Kim Money says
20:07
Speaker 10: things have only escalated and there's real worried, a real
20:11
Speaker 10: worry rather that a public safety, the environment and community access.
20:15
Speaker 2: Is being compromisedness may how's your weather?
20:18
Speaker 10: A bit of cloud about this morning? Otherwise fine southern
20:20
Speaker 10: east turning northeasterly and a high of sixteen.
20:22
Speaker 2: Thank you very much. Just before we get to Max,
20:24
Speaker 2: by the way, that G seven Finance Minister's meeting and
20:27
Speaker 2: the International Energy Agency they have not come to an
20:31
Speaker 2: agreement on whether to release strategic crud reserves or not,
20:34
Speaker 2: so no decision as yet. They say we will take
20:37
Speaker 2: necessary measures, but they haven't actually agreed to do anything. Max.
20:40
Speaker 2: Good morning, Good morning. They have agreed to do something
20:43
Speaker 2: about a four hundred thousand dollars knees up in Wellington?
20:46
Speaker 2: What's that about here?
20:48
Speaker 11: As if our city officials never learn our central Library
20:52
Speaker 11: here is reopening and to celebrate a few brainless drones
20:56
Speaker 11: thought it a good idea to have a four hundred
20:57
Speaker 11: and five thousand dollars massive two day party over the
21:00
Speaker 11: weekend to celebrate large civic ceremony, invited guests, street festival,
21:05
Speaker 11: food trucks, road closures, performances, because apparently that's what you
21:09
Speaker 11: do when a civic building gets a couple of years
21:11
Speaker 11: of earthquake strengthening. Somewhere at the mayors off is obviously
21:14
Speaker 11: caught wind of this and, fearing the type of headline
21:17
Speaker 11: we saw frequently during the previous disastrous administration, put the
21:21
Speaker 11: kibosh on the thing, or at least managed to negotiate
21:25
Speaker 11: the cost down to about one hundred and seventy five
21:27
Speaker 11: thousand dollars of rate payer money. Apparently the project team
21:30
Speaker 11: had been operating under direct council instruction from last July.
21:35
Speaker 11: The library back open on Monday, though it's Saturday, I
21:38
Speaker 11: should say, the mind boggles.
21:40
Speaker 2: How's you winning?
21:41
Speaker 11: Yeah, mainly find strong southerly sixteen.
21:44
Speaker 2: Thank you very much, Neva, good morning, Good morning. Orcan's
21:48
Speaker 2: Midtown has the most to gain from the Crlberican.
21:51
Speaker 12: Yes, Midtown so commercial real estate agency JLL Research finds
21:57
Speaker 12: it more than ten billion dollars of private and public
22:00
Speaker 12: investment is being pumped into that precinct. That's that area
22:04
Speaker 12: from you know, lt Square and Skytower as well, So
22:07
Speaker 12: it highlights that you know what, Midtown's much cheaper, much
22:10
Speaker 12: cheaper for businesses to set up and you know, rather
22:13
Speaker 12: than the waterfront and Britain. Mark Chris Dibble from JLL.
22:17
Speaker 12: He said of research, saying that the property values their
22:20
Speaker 12: set to also benefit. You're quite right from the city
22:22
Speaker 12: rail link, and he says overseas example show that rents
22:26
Speaker 12: often rises ten to twenty percent after the main train
22:30
Speaker 12: station opens.
22:31
Speaker 2: So which is going to happen in September. Remember we're
22:33
Speaker 2: still going down there.
22:34
Speaker 12: Rightly, Ah, have we had approval?
22:37
Speaker 2: No one's going.
22:37
Speaker 12: We are going.
22:38
Speaker 2: We're going anywhere.
22:39
Speaker 12: No one can stop us.
22:40
Speaker 2: Now you watch us. How's our weather fine?
22:42
Speaker 13: To start with?
22:42
Speaker 7: Cloudy?
22:42
Speaker 12: Period's isolated chowles this morning are HIGHR twenty.
22:45
Speaker 2: Four brilliant neither thank you. In nineteen minutes away from
22:48
Speaker 2: six on news talks, he'll be we'll get to Australia,
22:50
Speaker 2: Donald and Mayer standing by for us and we'll have
22:52
Speaker 2: a bit of time for Sharon's old this morning AM's
22:55
Speaker 2: chief economists. Because well, the question you want to ask
22:58
Speaker 2: at this point is is the price of oil and
23:02
Speaker 2: the fact that I mean it's come down overnight. By
23:04
Speaker 2: the way, I for you're just joining us. The last
23:05
Speaker 2: time I had a little squizz, it was around ninety seven.
23:08
Speaker 2: This is Brent crude ninety seven dollars down from the
23:11
Speaker 2: high of one hundred and almost one hundred and twenty yesterday,
23:14
Speaker 2: which was a twenty five percent premium on the day
23:16
Speaker 2: before that or the close before that. So the next
23:20
Speaker 2: question is is you know, one, how long does the
23:23
Speaker 2: whole thing go on for? And then two what impact
23:25
Speaker 2: might that have on our recovery? Because remember what happened
23:28
Speaker 2: last time when Trump Tariff's people sort of clamped up
23:33
Speaker 2: a bit, clammed up, stopped spending. Confidence took a hit,
23:36
Speaker 2: Business confidence took a hit, consumer confidence took a hit.
23:39
Speaker 2: So if that happens again, what does it mean for
23:41
Speaker 2: the recovery? Does it stall? In Q two All Ahead
23:45
Speaker 2: News Talks, B sixteen away from six News Talks, zib
23:48
Speaker 2: Sharon Zolder from A and Z on the way In
23:50
Speaker 2: just a few moments, the G seven finance ministers have
23:53
Speaker 2: been meeting while we have been sleeping, and they have
23:56
Speaker 2: agreed to well do nothing at this point about releasing
24:00
Speaker 2: strategic reserves of oil. They got a whole bunch of oil.
24:03
Speaker 2: When the price goes crazy, they released it to calm
24:05
Speaker 2: the farm. They've only done this five times before. The
24:08
Speaker 2: most recent was when Russia invaded Ukraine back in twenty
24:12
Speaker 2: twenty two. Here's a cook update from Rachel Reads, who
24:15
Speaker 2: was at the meeting, now addressing the House of Commons.
24:18
Speaker 13: This afternoon, I spoke with G seven finance ministers setting
24:22
Speaker 13: out my priorities for the international corporation needed. First, calling
24:28
Speaker 13: for immediate de escalation and a return to the diplomatic process. Second,
24:35
Speaker 13: we must guarantee the security of vessels passing through the
24:38
Speaker 13: straight off hor moves. Third, I stand ready to support
24:42
Speaker 13: a coordinated release of collective International Energy Agency oil reserves.
24:47
Speaker 2: On that question, the French have come out and said, quote,
24:50
Speaker 2: we are not quite there yet.
24:53
Speaker 1: International correspondence with Insigne Eye Insurance Peace of mind for
24:57
Speaker 1: New Zealand business.
24:59
Speaker 2: Donald Our, Australia correspondent with US Live this morning on
25:02
Speaker 2: a good morning, Good morning to you. We've got fuel
25:04
Speaker 2: rations starting in Western Australia.
25:07
Speaker 5: Yes, Well, as we watch those oil prices start to
25:10
Speaker 5: saw fuel wholesalers are understood to have started rationing their
25:14
Speaker 5: stock and we've heard from the federal Energy Minister, Chris Bowen,
25:19
Speaker 5: and he says that this the panic buying and not
25:21
Speaker 5: the supply issues that are causing or contributing to a shortage.
25:27
Speaker 5: Now we have heard that at least two towns in
25:29
Speaker 5: Wa have started banning drivers from buying fuel at all.
25:34
Speaker 5: They're reserving it for only emergency authorities apparently. And we
25:39
Speaker 5: also know that the Wa Premier, Roger Cooker's had to
25:43
Speaker 5: come out and say something and he says, look, there's
25:45
Speaker 5: no constraints on supply chains at the moment, but can
25:48
Speaker 5: you imagine what's happening when the petrol pumps are shut.
25:51
Speaker 5: This is pushing motorists to the next.
25:53
Speaker 2: One up the road.
25:54
Speaker 5: And so we're hearing reports of you know, quite lengthy queues,
25:57
Speaker 5: you know, ten to fifteen cars at a time, all
25:59
Speaker 5: lined and people are starting to fill their jerry cans.
26:03
Speaker 5: We've heard from one petrol station owner who said he's
26:05
Speaker 5: had to put a thirty liter limit on a fuel
26:08
Speaker 5: until they can get some more fuel in. He said,
26:11
Speaker 5: it's like a scene from a movie at the moment.
26:14
Speaker 2: Meanwhile, you've got hundreds of people evacuated in a too
26:17
Speaker 2: dar and I should say in northern territory floods and
26:20
Speaker 2: loads of crocodile sightings.
26:22
Speaker 5: Oh gosh, okay, I've braced yourself here. So in some
26:24
Speaker 5: parts between two hundred and five hundred mills of rain
26:28
Speaker 5: in five days and it looks like it's going to
26:31
Speaker 5: last for another week. So there's been some of the
26:34
Speaker 5: worst flooding in decades, record breaking levels. For instance, the
26:38
Speaker 5: Dalhi River, it reached its peak yesterday at about fifteen
26:42
Speaker 5: point three meters. It's the highest it's been since nineteen
26:45
Speaker 5: ninety eight. So we've heard from the Mayor of Catherine.
26:48
Speaker 5: In fact, the Catherine River peak yesterday at nineteen point
26:51
Speaker 5: two meters, which is also a record. Streets are inundated.
26:55
Speaker 5: She says he's never seen so many fresh water and
26:59
Speaker 5: saltwater crops in local floodwaters before. And wait for it,
27:03
Speaker 5: a crocodile was even spotted on the local footy oval. Now,
27:07
Speaker 5: as someone put it, that certainly adds an element of
27:10
Speaker 5: danger to the cleanup.
27:12
Speaker 2: Certainly does. I don't like thinking about that stuff, but
27:15
Speaker 2: I appreciate you your time all the same. Dona Tomorrow,
27:17
Speaker 2: Australia correspondent, just gone twelve minutes away from six I
27:21
Speaker 2: re all heard the doom and gloom at POSTCAB yesterday, I.
27:24
Speaker 6: Am advised that a quick resolution of the conflict in
27:27
Speaker 6: the next few weeks would see the economy evolve close
27:30
Speaker 6: to the preliminary forecasts, albeit with slightly higher inflation in
27:34
Speaker 6: the near term. A longer conflict would likely have downside
27:38
Speaker 6: GDP impacts.
27:39
Speaker 2: By the way, Brent Crew this morning has come back
27:42
Speaker 2: from one hundred and twenty dollars of barrels now back
27:44
Speaker 2: under one hundred dollars, still floating around a wee bit.
27:46
Speaker 2: Sharon's Olner A and Z chief economists with us this morning. Sharon,
27:49
Speaker 2: good morning, good morning. Give it to us straight. How
27:52
Speaker 2: bad is this going to get?
27:56
Speaker 1: Well?
27:57
Speaker 8: Having spoken to them, major world leaders, that's the thing
28:00
Speaker 8: that we are in no position to know. And the
28:04
Speaker 8: Finance Minister is quite right that the duration of the
28:07
Speaker 8: shock is just as important as the size of it.
28:09
Speaker 8: And as regards the size of it, I mean, oil
28:11
Speaker 8: one hundred and twenty yesterday, now it's back under one hundred.
28:14
Speaker 8: I mean, these moves are enormous, so very very difficult
28:18
Speaker 8: to gauge the severity of the shock for markets at
28:21
Speaker 8: the moment, but yeah, some are shooting first and ask
28:25
Speaker 8: some questions later. In terms of the market moves have
28:28
Speaker 8: been quite ferocious. But we're seeing not just the oil
28:32
Speaker 8: price but other prices like bond yields coming back a
28:36
Speaker 8: bit as well, which is good because we had a
28:38
Speaker 8: wild day yesterday in the Zealand market.
28:40
Speaker 2: Yeah it was pretty crazy, wasn't it. Do you think
28:42
Speaker 2: it'll might come down a bit more today, given what's
28:44
Speaker 2: happening with that oil price?
28:47
Speaker 8: Is it? Typically the New Zealand market reflects what's happened
28:50
Speaker 8: in the US market overnight. So that I've just checked,
28:52
Speaker 8: the US ten ure yields have come back a long way,
28:55
Speaker 8: so the New Zealand bond yield should follow hopefully on
28:59
Speaker 8: the open. But we will continue to follow them up
29:02
Speaker 8: and down however the volatility goes. And that's one of
29:05
Speaker 8: the things that is easier to be certain about at
29:07
Speaker 8: the moment, is that solatility is going to continue because
29:09
Speaker 8: markets are reacting to headlines that are all over the place, of.
29:12
Speaker 2: Course, and then there's our reaction to those headlines too,
29:16
Speaker 2: both businesses and consumers. And we saw what happened with
29:19
Speaker 2: Trump and as tariffs, you know, we all went, oh,
29:21
Speaker 2: let's not spend any money, let's stay home. Whatever, do
29:24
Speaker 2: you you know, is there a risk that happens here?
29:26
Speaker 2: Does the recovery stall?
29:29
Speaker 8: Absolutely? Uncertainty is not great for decision making, That's always
29:33
Speaker 8: the case. And of course we've already got an election
29:35
Speaker 8: this year that we were wondering if that uncertainty could impact,
29:38
Speaker 8: and the uncertainty about the global growth outlook will be
29:41
Speaker 8: weighing on the minds of exporters for sure, and cost
29:45
Speaker 8: inflation potentially as Well've obviously got a lot of businesses
29:49
Speaker 8: that are exposed to energy costs. Fertilizer is another one
29:53
Speaker 8: that tends to move pretty closely with oil as well.
29:57
Speaker 8: So yeah, the uncertainty, well, let's hope it's really quickly.
30:01
Speaker 8: But right here, right now, it feels like it's pretty
30:04
Speaker 8: much at the maximum in terms of whether we're looking
30:06
Speaker 8: at a short or a long term disruption to oil
30:10
Speaker 8: markets here.
30:11
Speaker 2: And yet you sound quite relaxed to me. Is that
30:13
Speaker 2: because is Sharon? Is that because you're doing your best
30:17
Speaker 2: to sound relaxed or do you think do you think
30:20
Speaker 2: there's an equal chance actually this could wrap up in
30:22
Speaker 2: a week or two and everything's back to normal.
30:25
Speaker 8: Not looking that way, is it. But it is looking
30:28
Speaker 8: a lot better than it was twelve hours ago in
30:31
Speaker 8: terms of the market prices, but who knows where it
30:35
Speaker 8: looks like twelve hours from now. But I do think
30:38
Speaker 8: that central banks at the list will be keen to
30:41
Speaker 8: not panic and not do anything rash in terms of
30:46
Speaker 8: rushing to raise infestrates because it's inflationary for example, because
30:49
Speaker 8: it is also bad for growth, and so the trade
30:52
Speaker 8: off and the choices are quite stark for central banks
30:55
Speaker 8: in terms of how they should respond to it. Our
30:59
Speaker 8: own central bank, there's confidence and implation that looks in Febry.
31:02
Speaker 8: I'm sure they're feeling less confident now, just because oil
31:05
Speaker 8: is such an important input into all sorts of costs
31:08
Speaker 8: and prices. But as long as inflation expectations remain well
31:12
Speaker 8: anchored and they can tolerate a bit of noise in
31:15
Speaker 8: the near term, rather than feel they need to deliberately
31:19
Speaker 8: heed the recovery off in order to make sure inflations
31:22
Speaker 8: back at two percent quickly. That's not how these things work.
31:25
Speaker 8: But it's a very long sustained shock, and there will
31:28
Speaker 8: be more difficult to look through those inflationary impacts, and
31:31
Speaker 8: then it could get a bit ugly.
31:33
Speaker 2: Sharon, thank you. Sharon's on the A and Z Chief Economists.
31:36
Speaker 2: You're on News Talk sib.
31:37
Speaker 1: It's eight to six, the first word on the News
31:41
Speaker 1: of the Day Early edition with Ryan Bridge and one
31:45
Speaker 1: Roote Love where.
31:46
Speaker 2: You Live, News talks'd b. These Talks sa'd be is
31:49
Speaker 2: six minutes away from six. Has been quite a busy,
31:51
Speaker 2: heavy hour, hasn't it. Here's Timothy Shamlow, who's the actor
31:54
Speaker 2: who goes out with Kylie Jenner, getting himself in a
31:57
Speaker 2: bit of trouble talking about opera and ballet.
32:00
Speaker 14: And some people want to be entertaining quickly. I'm really
32:04
Speaker 14: right in the middle, Matthew, because I admire people, and
32:06
Speaker 14: I've done it myself to want to talk toiout, Hey,
32:08
Speaker 14: we got to keep movie theaters alive, you know, we
32:10
Speaker 14: got to keep this genre alive. And another part of
32:12
Speaker 14: me feels like if people want to see it like Barbie,
32:15
Speaker 14: like Oppenheimer, they're going to go see it and go
32:17
Speaker 14: out of the wad and be loud and proud about it.
32:19
Speaker 14: And I don't want to be working in ballet or
32:21
Speaker 14: opera or you know, things where it's like, hey, keep
32:24
Speaker 14: this thing alive.
32:24
Speaker 2: Even though he's talking to Matthew McConaughey. As you can imagine,
32:29
Speaker 2: now the ballet people and the opera people have their
32:33
Speaker 2: tutus in a real twist. Ryan Bridge, good morning, Mike
32:37
Speaker 2: Gating's Ryan, you have a ballet or an opera person?
32:40
Speaker 15: I was, I've been the worst one I ever went
32:42
Speaker 15: to was Wagner's Demeister Singer.
32:45
Speaker 2: Have you ever been to that?
32:46
Speaker 15: It's it lasts with meal breaks, and there are meal breaks.
32:50
Speaker 15: It lasts eight hours, oh that one. And so you
32:54
Speaker 15: have your head, Well, this was an afternoon into evening session,
32:56
Speaker 15: so you had a late afternoon snack and then moving
32:59
Speaker 15: on in to dinner.
33:00
Speaker 2: Do you you tended to leave halfway through very much?
33:04
Speaker 2: Where it didn't you?
33:05
Speaker 15: If it was, it was a good question. I think
33:07
Speaker 15: I think actually did in the end. But I had
33:09
Speaker 15: the two meals. I thought, well, if we're here for
33:11
Speaker 15: the two meals, I'll do the time.
33:12
Speaker 2: They included in that they were part of the Oh,
33:15
Speaker 2: there was no way they were going to keep I
33:16
Speaker 2: mean unless you were helling Clark, There's no way you're
33:18
Speaker 2: staying for eight hours.
33:19
Speaker 15: So they had to keep you there with free food.
33:21
Speaker 2: I get a bit of flat from friends because if
33:23
Speaker 2: I don't like a movie, like just a normal movie
33:25
Speaker 2: two hours two and a half hours long. If I
33:27
Speaker 2: don't like it, I just leave the cinema and it's
33:30
Speaker 2: you know, I'm going.
33:31
Speaker 15: To go to the cinema. I would I would feel
33:35
Speaker 15: different about the television. I'd walk away from a movie.
33:37
Speaker 15: I watched a movie I can't you remember what it
33:38
Speaker 15: was the other day ten minutes and I thought this
33:41
Speaker 15: is crap.
33:41
Speaker 2: I was gone.
33:42
Speaker 15: That was the end of that.
33:42
Speaker 2: See now you add up how many ten minutes we
33:45
Speaker 2: waste have we wasted on starting movies and not finishing them?
33:48
Speaker 15: Yeah, and imagine all the money you've saved over the
33:50
Speaker 15: years that you can now put into your petrol now.
33:52
Speaker 2: That you count you don't afford it.
33:55
Speaker 15: Yeah, quite right to say it's below one hundred and two.
33:56
Speaker 15: By the way, so yesterday was I think a bit
33:58
Speaker 15: of an apparition.
33:59
Speaker 2: But we'll do all the numbers. Fantastic work at work
34:02
Speaker 2: it through Crystal Ballert and hey, the G seven will
34:04
Speaker 2: save us well. Marvey News Talks be Marke next La.
34:11
Speaker 1: Continne For more from Early Edition with Ryan Bridge. Listen
34:17
Speaker 1: live to News Talk Set B from five am weekdays,
34:21
Speaker 1: or follow the podcast on iHeartRadio.