Latest / Early Edition with Ryan Bridge / Full Show Podcast: 21 October 2025
Transcript
- 0:01Speaker 1: The issues, the interviews and the insight. Ryan Bridge on
- 0:05Speaker 1: early erdship with r the Supercenter, explore r V successories
- 0:09Speaker 1: and servicing more than one news talks.
- 0:12Speaker 2: That'd be good morning, Welcome to Tuesday. Just gone six
- 0:14Speaker 2: after five, we'll look at tolling the big new roads.
- 0:18Speaker 2: Just before six this morning, a skirmish over the South
- 0:21Speaker 2: China Sea. We'll talk to our Australia correspondent Donnat Mayo
- 0:23Speaker 2: about that inflation, Labour's new policy and new seek job
- 0:28Speaker 2: numbers for you this morning. The agenda Tuesday, the twenty
- 0:32Speaker 2: first of October. You might have problems with your work
- 0:34Speaker 2: Zoom meeting this morning. Massive Amazon web service outage, Snapchat
- 0:39Speaker 2: DUELINGO six point five million reports globally, affecting more than
- 0:43Speaker 2: one thousand companies, So just wan'tch out for that one.
- 0:46Speaker 2: Apparently they've fixed the problem, but it'll take a while
- 0:48Speaker 2: to fill through elbow. The Australian Prime Minister is in
- 0:51Speaker 2: DC at the White House meeting with Trump.
- 0:52Speaker 3: We're really working on anything happy to do with military,
- 0:56Speaker 3: military protection, military ships, yeagles, guns, ammunition, everything, the whole thing.
- 1:04Speaker 3: We've been long term, longtime allies on defense.
- 1:08Speaker 4: We've already had a discussion about taking it to the
- 1:12Speaker 4: next live at Defense and Security partnership with orchisis so
- 1:16Speaker 4: important to Ukraine.
- 1:18Speaker 2: Zelenski says he's ready to join Trump and putin in
- 1:20Speaker 2: the summit that might happen in Hungary if he gets
- 1:23Speaker 2: an invite. That is Apparently the meeting with Trump was
- 1:26Speaker 2: an absolute disaster, another screaming match.
- 1:28Speaker 3: I think seventy eight percent of the land has already
- 1:31Speaker 3: taken by Russia. You'll leave it the way it is
- 1:34Speaker 3: right now. They can negotiate something later on down the lane.
- 1:38Speaker 3: But I said, cut and stop at the battle at
- 1:41Speaker 3: go home, stop fighting SUP killing people to China.
- 1:44Speaker 2: The top brass there meeting in Beijing talking about a
- 1:47Speaker 2: five year plan. We'll hear some details on this Wednesday.
- 1:50Speaker 2: It's completely opaque.
- 1:52Speaker 4: Apparently so opaque that the delegates to this planum stay
- 1:58Speaker 4: on site. They don't even leave the hotel where it's
- 2:01Speaker 4: taking place for fear that something will leak out.
- 2:06Speaker 1: On your radio and online on iHeartRadio Early edition with
- 2:11Speaker 1: Ryan Bridge and r V Supercenter explore r v's accessories
- 2:15Speaker 1: and servicing.
- 2:16Speaker 2: All in one news talks. I'd be two the numbers.
- 2:19Speaker 2: Text would love to hear from you this morning points
- 2:21Speaker 2: to Labor for at least being self aware of their shortcomings.
- 2:25Speaker 2: If you've got a problem with people trusting that you
- 2:27Speaker 2: can spend their money wisely, ring fence it and let
- 2:30Speaker 2: somebody else spend it instead, got a problem with people
- 2:34Speaker 2: trusting that you know how to make good business decisions.
- 2:37Speaker 2: Don't want to repeat the Provincial Growth Fund disaster, Hey presto,
- 2:42Speaker 2: Let others make those investment decisions for you. That's basically
- 2:45Speaker 2: what happened yesterday. Watching Hopkins, you could see the strategy
- 2:49Speaker 2: behind the weird triangle artwork that was adorned with Labor branding.
- 2:53Speaker 2: Was a guy who knows his r. Kelly's heel is
- 2:56Speaker 2: his own reputation, and government which was basically spend tax debt.
- 3:00Speaker 2: So this future Fund is a way of saying National
- 3:04Speaker 2: wants to flog off our state assets, our state owned companies.
- 3:08Speaker 2: We earn good dividends off these assets, but because nobody
- 3:11Speaker 2: trusts Labor to spend those dividends widely, they hand them
- 3:15Speaker 2: to the former bankers and the investors to invest. Give
- 3:17Speaker 2: it to the guardians, trust them, not us. It's kind
- 3:23Speaker 2: of smart because it blunts the inevitable questions about how wisely,
- 3:26Speaker 2: labor would spend dividends from any assets that we decide
- 3:29Speaker 2: to keep. Right. The problems about this are twofold. One,
- 3:32Speaker 2: the government's only really talking about selling off non performing assets,
- 3:36Speaker 2: and it's still maybe on that. They haven't made any
- 3:39Speaker 2: firm decisions. In fact, they'll have to take it to
- 3:41Speaker 2: the election. But secondly, revenue. If you were to put
- 3:45Speaker 2: all of the performing assets into this fund, that's up
- 3:49Speaker 2: to a billion bucks a year and lost crown revenue
- 3:52Speaker 2: from the dividends, that is a whole and a budget.
- 3:56Speaker 2: Where will the money for health and education then come from?
- 4:00Speaker 2: And we know who they turn to in their time
- 4:02Speaker 2: of knee, don't we? It is us. It is the taxpayers.
- 4:06Speaker 2: So while this announcement was pitched as one about growing
- 4:09Speaker 2: the pie, which could take years or even decades to achieve,
- 4:13Speaker 2: what it means in practice is a delayed surplus, more borrowing,
- 4:18Speaker 2: cost cutting, or higher taxes. There ain't no such thing
- 4:22Speaker 2: as a free lunch. We learned that last time, didn't
- 4:25Speaker 2: we cryan Bridge ten you're on news talks, he b
- 4:28Speaker 2: come out. Next, we're going to talk to someone who
- 4:30Speaker 2: actually deals with small and medium sized businesses, tries to
- 4:35Speaker 2: get them funding in New Zealand. What companies would a
- 4:39Speaker 2: fund like this? Even? Target News Talks ed.
- 4:41Speaker 1: B Bryan Bridge on early edition with r V Supercenter
- 4:46Speaker 1: explore RV's accessories and servicing all in one News TALKSB.
- 4:51Speaker 2: Five thirteen Great to have your company nine two nine
- 4:53Speaker 2: to two the number to text your job adds for September.
- 4:55Speaker 2: This is from Sikh Month on month, we're up one percent.
- 4:58Speaker 2: Quarter on quarter, we're up three percent. Year on year,
- 5:00Speaker 2: we're up six percent, so that's good news. Applications per
- 5:04Speaker 2: add up one percent. That's for the month. Now. Volumes
- 5:07Speaker 2: are lower than they would normally be. Volumes are down
- 5:11Speaker 2: compared to historical averages, but will you know you take
- 5:14Speaker 2: the wins where you get on you Every region recording
- 5:16Speaker 2: monthly growth for September, aside from one over two sorry
- 5:19Speaker 2: you being backwards a percent. Canterbury volumes are up. Interestingly,
- 5:24Speaker 2: Banking financial services up five percent. That was the fastest
- 5:27Speaker 2: month on month growth in September. Construction sector up six
- 5:32Speaker 2: percent quarter on quarter and thirteen percent year on year.
- 5:35Speaker 2: Bread fourteen right two Labour's Future Fund IDEA two hundred
- 5:39Speaker 2: million dollars in seed funding from US taxpayers. Fund managed
- 5:42Speaker 2: by the guardians of the super state owned companies' assets
- 5:45Speaker 2: will be transferred to the fund, dividends used to invest
- 5:48Speaker 2: in Kiwi businesses. Very light on detail at this point,
- 5:50Speaker 2: but we're going to Adrian Begbie, who's managing director of
- 5:53Speaker 2: prosper en Z. Adrian. Good morning, Good morning Ron, Good
- 5:57Speaker 2: to have you on the show. So you help small
- 5:59Speaker 2: businesses get fund What do you think of this?
- 6:02Speaker 5: I think it's great to see it's great to see
- 6:04Speaker 5: someone actually stepping forward for Kiwi businesses. Kiwi businesses are
- 6:08Speaker 5: the backbone of our whole economy, so it's great to
- 6:10Speaker 5: say someone actually come up with something that could be
- 6:13Speaker 5: potentially very good for them.
- 6:15Speaker 2: Do we know Do you even know whether any of
- 6:17Speaker 2: the businesses you work with would be eligible at this
- 6:20Speaker 2: point or is it so light on detail you can't tell.
- 6:23Speaker 5: Yes, it's the eligibility that's the question, isn't it.
- 6:26Speaker 3: Ryan.
- 6:27Speaker 5: I think it's light on detail, but hopefully there is
- 6:28Speaker 5: still that more comes from it. A couple of things
- 6:30Speaker 5: that they've cited though, talking about high tech startups and
- 6:34Speaker 5: community renewable energy, So you wonder how many small you know,
- 6:37Speaker 5: really small businesses that would be a focus for them
- 6:40Speaker 5: if you're talking about a hairdresser or you're talking about Mum, Dad,
- 6:43Speaker 5: plumber so cafe, that they're not really focused on those areas.
- 6:47Speaker 5: So does that actually already point to a larger sized
- 6:50Speaker 5: business not a small business.
- 6:52Speaker 2: We have a three hundred to four hundred million dollar
- 6:54Speaker 2: Elevate Fund already which is run by the Guardians of
- 6:58Speaker 2: NZ super I was reading about it last night. Is
- 7:00Speaker 2: that not exactly what we're talking about.
- 7:03Speaker 5: It's very similar and there are other things around there.
- 7:05Speaker 5: There's some research and development funds that they can also access,
- 7:10Speaker 5: so there's other things. But small businesses are very undeeserved
- 7:14Speaker 5: and the museealm community and the un financial community, so
- 7:18Speaker 5: that's why prosper businesses like us are here to help
- 7:21Speaker 5: those businesses. So major banks are they really do struggle
- 7:25Speaker 5: to lend people without a security so without a house,
- 7:28Speaker 5: and that's really to get into their businesses and to
- 7:30Speaker 5: help them grow. So hopefully this fund actually does give
- 7:33Speaker 5: some investments, so it's a different investment that can help
- 7:35Speaker 5: these businesses to grow and really you know, help spark
- 7:38Speaker 5: up New Zealand. As we were talking about those growth
- 7:40Speaker 5: numbers before, Adrian when.
- 7:42Speaker 2: We're talking about you know, the borrowing and then the
- 7:46Speaker 2: success rate of a company. How many of them flop? Realistically,
- 7:51Speaker 2: I think.
- 7:52Speaker 5: It's very high percentage of businesses that flop for terrible
- 7:55Speaker 5: words that maybe not survive and theirs and you know
- 7:59Speaker 5: there's all years. But we I mean PUS three alone.
- 8:02Speaker 6: So that's what we do.
- 8:03Speaker 5: We lead small businesses. So we are the Kent Canary
- 8:05Speaker 5: in the mind. We can see what's happening in the
- 8:07Speaker 5: economy and our portfolio. Our customers are performing very well.
- 8:11Speaker 5: So a lot of our use of funds we talk
- 8:12Speaker 5: about it. So a lot of our use of funds
- 8:14Speaker 5: is for growth, is for staffing, is for marketing, is
- 8:17Speaker 5: for extra stock. So that's people that are that are
- 8:20Speaker 5: getting ready for this PSIC period that we're about to
- 8:22Speaker 5: come into. So our portfolio is performing very well in
- 8:25Speaker 5: our customers are so that's actually really good to see.
- 8:27Speaker 2: Adrian, appreciate your time this morning, Adrian Bigbe, Managing director
- 8:30Speaker 2: of prosper n Z. Time is seventeen after five. Everyone
- 8:34Speaker 2: News talks theb so elbows in DC at the White House.
- 8:37Speaker 2: They're talking. He's taken his Minister of Resources with him,
- 8:40Speaker 2: which is quite a smart move because Trump wants rare
- 8:43Speaker 2: earth minerals. We know that because he hates China for
- 8:46Speaker 2: blocking them. So Elbows that there's a tech for Elbow
- 8:49Speaker 2: who's taken his Minister of Resources. It'll be like Shane
- 8:52Speaker 2: Jones equivalent. Get him over there, get him talking. But
- 8:55Speaker 2: on the agenda also is remember that guy from four Corners,
- 8:58Speaker 2: the ABC journalist opinion.
- 9:00Speaker 3: You are hurting Australia very much right now, but they
- 9:03Speaker 3: want to get along with me.
- 9:04Speaker 2: You know your your your leader.
- 9:07Speaker 1: Is coming over to see me very soon.
- 9:09Speaker 7: I'm going to tell him about you.
- 9:10Speaker 2: You said a very bad.
- 9:11Speaker 3: Tik well ahead.
- 9:15Speaker 2: That whole kerfuffle. Well Trump said he's going to bring
- 9:17Speaker 2: it up with Elbow, so we'll keep your cross that.
- 9:19Speaker 2: This morning, five seventeen, detail on the inflation number out yesterday.
- 9:23Speaker 2: Next News Talk Seat B the news you.
- 9:26Speaker 1: Need this morning and the in depth analysis Earl edition
- 9:30Speaker 1: with Ryan Bridge and r V Supercenter explore r v's
- 9:34Speaker 1: accessories and servicing, all in one news talks at B.
- 9:37Speaker 2: To Randy Andy. Update Now in the UK, Beatrice has
- 9:40Speaker 2: been visiting mum and dad. They are obviously hold up
- 9:42Speaker 2: at the moment in the Royal Lodge and at Winsor
- 9:45Speaker 2: they've got a lease on that place, by the way,
- 9:47Speaker 2: till twenty seventy eight, so Andrew will stay there until
- 9:51Speaker 2: basically he's dead. Charles and William continue to disavow him,
- 9:56Speaker 2: distance him themselves from him, and they have done that
- 10:00Speaker 2: by scrubbing out on the Buckingham Palace website. They've scrubbed
- 10:04Speaker 2: out the Duke of York title, so all references to
- 10:08Speaker 2: the Duke of York have been axed from Royal dot
- 10:10Speaker 2: UK as of last night, and he's just referred to
- 10:14Speaker 2: now as Prince Andrew throughout Sarah Ferguson. Meanwhile, her handle
- 10:18Speaker 2: the Duchess, Sarah the Duchess is what it used to
- 10:21Speaker 2: say on X Now it says Sarah M. Fergie fifteen.
- 10:25Speaker 2: There you go five twenty Bryan Bridge. So inflation hit
- 10:29Speaker 2: three percent for the year to September. That's up from
- 10:32Speaker 2: two point seven. This is what they said would happen.
- 10:34Speaker 2: While it's happened, Big culprits, no surprises here, rates, electricity
- 10:38Speaker 2: rent blame game has begun. Of course. The main contributors
- 10:42Speaker 2: are those three things, and this is what the PM
- 10:44Speaker 2: had to say about it yesterday's Classic Council.
- 10:46Speaker 4: So they've got to focus on the things that matter
- 10:48Speaker 4: most of their ratepayers are not all the extras.
- 10:51Speaker 2: Seymour, So, I didn't see this yesterday, but he's still
- 10:54Speaker 2: not keen on a rates cap.
- 10:55Speaker 8: If you've solved the problem of a cost blowout, do
- 10:57Speaker 8: you still need it?
- 10:58Speaker 1: And if you can't solve the problem of the cost blowout,
- 11:01Speaker 1: is it gonna work?
- 11:02Speaker 2: Now, let's go to Gisbon rehit stalts this. This is
- 11:05Speaker 2: not our fault. Even though rates are going up, not
- 11:07Speaker 2: our fault.
- 11:08Speaker 9: Councils don't buy bananas, eggs and appies. We buy steel, concrete, asphelts.
- 11:15Speaker 2: So the products we use are knock your.
- 11:18Speaker 9: Everyday household items. So that is why there's a discrepancy.
- 11:23Speaker 2: Did she say bananas? We don't buy bananas. Labour's finance
- 11:29Speaker 2: pokes from Barbara Edmonds feeling pretty fiery after Labour's policy
- 11:33Speaker 2: announcement yesterday. She came out swinging this is on energy.
- 11:36Speaker 9: Energy price spike that's higher than it was back to
- 11:38Speaker 9: eighty nine.
- 11:39Speaker 5: It's like we're going back to the eighties.
- 11:41Speaker 10: You promise to make it better.
- 11:42Speaker 9: Your plan isn't working.
- 11:44Speaker 2: Okay, maybe if you didn't cancel the oil and gas
- 11:46Speaker 2: exploration we wouldn't be in this mess to begin with.
- 11:50Speaker 2: Time now is twenty two minutes after five right to
- 11:54Speaker 2: the stock market we go record stock increases over in
- 11:58Speaker 2: the US. You would have seen this bulls charging, but
- 12:02Speaker 2: Wall Street's getting pretty defensive, shifting to defensive stocks. So
- 12:06Speaker 2: you utilities, your health care, you consumer staples. When things
- 12:11Speaker 2: get a bit jittery, you go and put your money
- 12:13Speaker 2: into a bunch of companies that people have to buy from. Electricity,
- 12:17Speaker 2: you know, drugs grow through that sort of stuff. So
- 12:21Speaker 2: that portion of the S and P five hundred is
- 12:23Speaker 2: going to lead the market for the first time this
- 12:26Speaker 2: month since June of twenty twenty two. That tells you
- 12:30Speaker 2: that investors are a little bit worried about a slowdown,
- 12:33Speaker 2: pulling back on your retailers, your home building, you know,
- 12:37Speaker 2: your air your airlines, that kind of stuff, pulling back
- 12:40Speaker 2: on that investing in stuff that we need, not that
- 12:43Speaker 2: we want, stuff that we can't avoid. So that tells
- 12:47Speaker 2: you something about how people, how investors at least, are
- 12:50Speaker 2: looking at the state of the US economy. Right now,
- 12:52Speaker 2: twenty three minutes after five year on news talks, you
- 12:55Speaker 2: b got a few things to tell you about the
- 12:57Speaker 2: rates cap idea Next the early.
- 13:00Speaker 1: Edition full show podcast on Iartradio Power by Newstalks.
- 13:04Speaker 2: IV five twenty five News Talks EV. A rates cap
- 13:08Speaker 2: is one of those policies that immediately sounds so appealing.
- 13:11Speaker 2: Doesn't it look no further than yesterday's CPI number. It's
- 13:14Speaker 2: one of your top three inflation feeders rates. So throw
- 13:18Speaker 2: a cap on him, tie their hands behind their backs,
- 13:21Speaker 2: rain these guys in get rid of the one hundred
- 13:23Speaker 2: thousand dollars bike rack over here, the multi million dollar
- 13:27Speaker 2: disco toilet over there, the coffee machines for staff over there,
- 13:31Speaker 2: and practice though, how do you actually make it work
- 13:34Speaker 2: without starving these councils of revenue? They actually need to
- 13:37Speaker 2: fix the pipes. I spoke to Ben Bell from Gore yesterday.
- 13:41Speaker 2: He said almost ninety percent of their spending goes on basics,
- 13:46Speaker 2: pipes and roads. The rest is nice to have, which
- 13:49Speaker 2: he described as libraries and swimming pools, no club sandwiches.
- 13:53Speaker 2: At the council meetings in Gore, they are drinking instant coffee.
- 13:56Speaker 2: I can report to you this morning, and yet Gore's
- 13:59Speaker 2: rate increase have been double digit or close to it
- 14:02Speaker 2: for several years. They'll be close to double digits again
- 14:05Speaker 2: this year. And despite that, and the voters knew it,
- 14:08Speaker 2: the good people of Gore have re elected Bell for
- 14:11Speaker 2: a second term quite handsomely. So we say we want
- 14:15Speaker 2: lower rates, of course we do, but the question is
- 14:18Speaker 2: what will it cost us? Will capping them actually hurt
- 14:21Speaker 2: us a local economy productivity efficiency if you delay or
- 14:26Speaker 2: shelve projects. Last week Wayne Brown told me on Herald
- 14:29Speaker 2: Now that Auckland could have a zero increase next year.
- 14:32Speaker 2: Doesn't that sound amazing? A zero increase next year if
- 14:36Speaker 2: it wasn't for the City rail Link, the spending coming
- 14:39Speaker 2: online for the city railing because it's opening up, it's
- 14:41Speaker 2: a major transport project. It'll in theory benefit Auckland and
- 14:46Speaker 2: the country who paid for it. Well, we all did,
- 14:49Speaker 2: the jaffers and the taxpayers. If we want lower rates,
- 14:53Speaker 2: we could just not run any trains on the tracks.
- 14:56Speaker 2: But is that sensible? Don't get me wrong here. I
- 14:59Speaker 2: am the first to criticize the big spending bozos who
- 15:02Speaker 2: chuck money at dumb stuff. But most council spending isn't that.
- 15:08Speaker 2: Most of it is stuff that we need. D Day
- 15:12Speaker 2: is looming for the government's plan to cap rates and
- 15:15Speaker 2: it needs to be a measured response. We need spending
- 15:17Speaker 2: on pipes and roads to continue and waste on disco
- 15:21Speaker 2: lose somehow flush down the duney Brian bread the number
- 15:29Speaker 2: two text. Would like your views on that one. Now,
- 15:31Speaker 2: this is an amazing science story from Overnight fixing blindness.
- 15:36Speaker 2: They can pretty much do this now if it's age
- 15:39Speaker 2: related loss of sight. So an electronic eye implant, it's
- 15:44Speaker 2: about it sort of looks like a little sim card
- 15:47Speaker 2: and it's about the thickness they reckon of a human here,
- 15:49Speaker 2: so tiny little thing and they implant that into the retina,
- 15:54Speaker 2: which gross, okay, gross, but the results are pretty incredible.
- 16:00Speaker 2: Thirty eight elderly patients were in this trial and they
- 16:04Speaker 2: regained the ability to read letters, numbers, and words, basically
- 16:08Speaker 2: got their site back. And it was eighty four percent
- 16:11Speaker 2: of them were able to do this. They're calling it
- 16:14Speaker 2: a revolutionary new implant, the first ever device to enable
- 16:18Speaker 2: people to read letters, numbers and words through an eye
- 16:20Speaker 2: that has lost its sight. Just incredible. You can use
- 16:25Speaker 2: the glasses. They put it under your eye and then
- 16:28Speaker 2: you're able to use AI. There's something clipped to your
- 16:31Speaker 2: waist to zoom in on stuff. That you're looking at.
- 16:34Speaker 2: So you you know, basically like if you've got a
- 16:37Speaker 2: phone and you see an older person with a phone
- 16:39Speaker 2: and you see how large the text is on that
- 16:41Speaker 2: phone and you think, wow, they must be blind. Well,
- 16:44Speaker 2: they probably are a little bit, and this might actually
- 16:47Speaker 2: reverse some of that. Hey very quickly for you. This
- 16:50Speaker 2: is an update from Australia. They've accused China with interesting
- 16:53Speaker 2: timing with elbow over in DC at the moment, but
- 16:55Speaker 2: they've accused China of releasing flears over one of their
- 17:00Speaker 2: patrol jets in the South China Sea, so a bit
- 17:02Speaker 2: more of that. Arjibarji're going on a lot of disputed
- 17:07Speaker 2: territory over South China seed so Chinese reckoned, the Aussies
- 17:10Speaker 2: flew into the area space of course, that's all contested.
- 17:13Speaker 2: News Talks VB will look at these roads of national
- 17:16Speaker 2: significance before six.
- 17:26Speaker 1: The first word on the News of the Day Early
- 17:29Speaker 1: edition with Ryan Bridge and r V Super Center explore
- 17:33Speaker 1: r v's accessories and servicing all in one.
- 17:36Speaker 2: News TALKSB just more away from six year on. News
- 17:43Speaker 2: Talks VB will get to the roads of national significance
- 17:46Speaker 2: and tolls before six o'clock also Donald de Mayo out
- 17:48Speaker 2: of Australia for US councils and rates caps. This is
- 17:51Speaker 2: the idea, this is the one the government's going to progress. Ryan.
- 17:55Speaker 2: All the big projects and roads used to be covered
- 17:58Speaker 2: by the government, not local council. This is from Graham.
- 18:01Speaker 2: They put it on councils, then they added GST. I say,
- 18:04Speaker 2: give the councils back the GST. That's one way you
- 18:06Speaker 2: could do it, Graham. Larry says, cost council cost budgeting,
- 18:11Speaker 2: starting with their inflated payrolls. Please payrollers around twenty five
- 18:14Speaker 2: to thirty percent of the council costs. Start there. Hack
- 18:17Speaker 2: it away. Now this is interesting. So we've been speaking
- 18:22Speaker 2: this morning about the fact that we've got Albanezi, the
- 18:25Speaker 2: Australian Prime Minister, over in DC. He's at the White
- 18:28Speaker 2: House meeting with Trump and he's had to take along
- 18:31Speaker 2: the wet blanket that is Kevin Rudd, and so Kevin
- 18:36Speaker 2: rudds in the room. He's taken along as Resources Minister
- 18:39Speaker 2: as well, because obviously Trump wants some rare earth. Anyway,
- 18:42Speaker 2: Ruds in the room. And remember what Rudd said about
- 18:46Speaker 2: Trump years ago and what he's tweeted a couple of
- 18:48Speaker 2: times about him, but he said it was to the
- 18:51Speaker 2: effect of the most destructive president in US history, is
- 18:54Speaker 2: how he described Trump. And so then the reporters in
- 18:56Speaker 2: the room cleverly asks Trump a out run. Have you
- 19:01Speaker 2: had any concerns with this administration and stance on Palestine,
- 19:05Speaker 2: climate change, or even the things the ambassador said about
- 19:08Speaker 2: you in the past, as strain ambassador.
- 19:10Speaker 3: I don't know anything about him. Man, if you said bad,
- 19:13Speaker 3: then maybe he'll like to apologize. I don't know. Did
- 19:16Speaker 3: an ambassador to say something bad about it?
- 19:19Speaker 2: Don't tell me.
- 19:19Speaker 4: I don't Where is he?
- 19:21Speaker 3: Is he still working for you? Yeah? You said bad?
- 19:27Speaker 3: I don't like you either, and probably never will.
- 19:33Speaker 2: Twenty two away from six Prime Bridge to reporters around
- 19:36Speaker 2: the country, Color Proctor and Dneedin this morning, Calum, good morning, morning.
- 19:40Speaker 11: Right.
- 19:40Speaker 2: What's this new luxury adventure offering you've got down South?
- 19:44Speaker 12: Yeah, Look, it's a Milford Sound business class adventure. It's
- 19:49Speaker 12: a new experience for South Island travelers, taking it to
- 19:52Speaker 12: the next level in that part of the world. What
- 19:55Speaker 12: the guests will enjoy his accommodation in Mercedes vans to
- 20:00Speaker 12: an exclusive lounge and tiano before continuing on to Milford.
- 20:03Speaker 12: Then they bought a cruise boat turned floating restaurant with
- 20:07Speaker 12: a menu designed by Michelin trained chef reel In. Zed
- 20:11Speaker 12: says there is a gap in the market for this.
- 20:13Speaker 12: Lots of cruises through Milford are very similar, so this
- 20:16Speaker 12: one will stand out. They say, a lot of guests
- 20:18Speaker 12: from around the world want this type of business class experience.
- 20:21Speaker 2: How's your weather?
- 20:24Speaker 12: Another strong win watched for us today Here strong gusty westerlies.
- 20:27Speaker 12: Otherwise find the high sixteen today. Cheers Callum and Clare
- 20:30Speaker 12: and christ Church this morning, clear, good morning.
- 20:33Speaker 13: Good morning.
- 20:33Speaker 2: We've got earthquake repairs happening at Burwood.
- 20:36Speaker 11: Yes, at Burwood Hospital, fifteen years after the fact that
- 20:39Speaker 11: Ryan this is come to our attention after a tender
- 20:43Speaker 11: for a construction contractor became available on their government's website,
- 20:48Speaker 11: Health and Zed is seeking a firm to carry out
- 20:50Speaker 11: some extensive work across at three of Burwood Hospital buildings.
- 20:54Speaker 11: It says the minor Surgery building will need existing walls
- 20:58Speaker 11: and suspended ceilings stripped before being refitted for use for administration,
- 21:03Speaker 11: while the spinal hospital building requires quake strengthening and repairs
- 21:07Speaker 11: to walls and ceilings. There's also some work on the
- 21:10Speaker 11: old administrative building, which needs partial releveling of the foundation
- 21:14Speaker 11: floor slab. News Talk SB has approached Health and Ed
- 21:17Speaker 11: for comment.
- 21:18Speaker 2: On why this is happening now, all right, how's you
- 21:20Speaker 2: wear that?
- 21:21Speaker 1: Fine?
- 21:22Speaker 11: Aside from the chance of an early shower, strong Northwesterly
- 21:24Speaker 11: is casting one hundred kilometers an hour in exposed places.
- 21:27Speaker 2: The high twenty two brilliant. Thank you Max and Willington Max,
- 21:30Speaker 2: good morning, good morning, not one but two tunnels coming
- 21:33Speaker 2: your way.
- 21:34Speaker 7: Yes, for the price of well two a two point
- 21:37Speaker 7: ninety three point eight billion dollars. That's the price tag,
- 21:40Speaker 7: not just for this long promise second Mount Victoria tunnel,
- 21:43Speaker 7: but a duplicate Terrace tunnel as well, and an extra
- 21:47Speaker 7: lane further city. This announced by the government yesterday. They're all,
- 21:51Speaker 7: it is likely to be told that has felt inevitable.
- 21:55Speaker 7: The Transport Agency is currently looking over everything. We also
- 21:58Speaker 7: have a mock up of what the Mount Very tunnel
- 22:00Speaker 7: would look like. It would essentially split traffic in two
- 22:04Speaker 7: heading in and out of the city, two lanes each,
- 22:06Speaker 7: two effective separate tunnels and a closed off walking path
- 22:09Speaker 7: as well. It would mean three lanes down Vivian Street
- 22:12Speaker 7: rather than the current two. That's the road that goes
- 22:15Speaker 7: through the middle of the city heading out towards Kent
- 22:17Speaker 7: and Cambridge. Terrace's fair play national singing to its campaign
- 22:21Speaker 7: promise spades in the ground. Still is the expectation regarding
- 22:25Speaker 7: Mount Victoria by the end of the first term construction work.
- 22:29Speaker 7: It is all being fast tracked and there will be
- 22:30Speaker 7: public consultation as well.
- 22:33Speaker 2: They seem to be opposing ideas fast track and public consultation. Hey,
- 22:38Speaker 2: interesting listening to Bishop us today talk about if you
- 22:41Speaker 2: could do the Mount vic tunnel and not do the
- 22:43Speaker 2: terrist One, but you would just shift the problem. You
- 22:46Speaker 2: actually need to do both of them at the same
- 22:47Speaker 2: time to solve it. Do you think Wellingtonians will care
- 22:50Speaker 2: about the toll paying the toll? Would you care?
- 22:53Speaker 7: I think we're pragmatic people and I think we understand
- 22:56Speaker 7: that when you get luxurious transport plans like this, they
- 22:59Speaker 7: have to be paid for, right. They may not be
- 23:02Speaker 7: happy about it initially, but they'll get used to it,
- 23:04Speaker 7: like most places with toll roads.
- 23:06Speaker 2: Yeah, I think you're right. How's your wear? The Max
- 23:08Speaker 2: Rainy and very Wendy seventeen The High brilliant. Thank you,
- 23:11Speaker 2: Neva and Auckland morning, Neva, good morning. Are Wesley College
- 23:14Speaker 2: thuggery and beatings rife?
- 23:15Speaker 10: Yes, And the former students of Wesley College have come
- 23:19Speaker 10: out and they're saying, hey, look, there's been right for
- 23:21Speaker 10: the school for decades. Because this has all happened. Because
- 23:25Speaker 10: the school's just announced the closure of its hostels. This
- 23:28Speaker 10: will happen at the end of the year amid reports
- 23:31Speaker 10: of violence and safety and culture concerns. The Herald has
- 23:35Speaker 10: got a great story on this. This is leading the
- 23:38Speaker 10: Herald this morning. One nineteen eighty nine student told the
- 23:41Speaker 10: Herald that he witnessed several students hit in the body
- 23:45Speaker 10: with pillow cases filled with objects like soap and drink bottles,
- 23:48Speaker 10: and another student from the seventies said that he's got
- 23:52Speaker 10: vivid memories of Caning's leaving you know, these large black,
- 23:55Speaker 10: bleeding welts. So yeah, not good, not good?
- 23:59Speaker 2: How's that? Where can you cheer us up with that?
- 24:01Speaker 3: No?
- 24:01Speaker 10: Not really, no, you just like here, Look, there's no rain,
- 24:05Speaker 10: but it's cloudy and it's particularly windy, just like the
- 24:08Speaker 10: rest of the country. That spring kind of weather, isn't
- 24:11Speaker 10: it this time of the year. But it is going
- 24:13Speaker 10: to be warm. Twenty two is a high year in augrillid.
- 24:14Speaker 2: And thank you never seventeen away from six year on
- 24:17Speaker 2: News Talk said, but by the way, the big mega
- 24:18Speaker 2: strike that's happening, well, it's just getting bigger. It's snowball
- 24:21Speaker 2: and getting bigger and bigger as it travels down the mountain.
- 24:24Speaker 2: And who's joining the party? Acc Union members who you know,
- 24:29Speaker 2: grind my gears because they're the guys who was so
- 24:32Speaker 2: upset about having to go back to work three days
- 24:36Speaker 2: a week into the office. So they were having two
- 24:40Speaker 2: days a week in the office. Now they have to
- 24:43Speaker 2: do three. The poor we thinks by striking, I mean
- 24:47Speaker 2: they probably would have been at home anyway. Will anyone
- 24:50Speaker 2: actually notice that the ACC union members are on strike,
- 24:53Speaker 2: that's the question News Talk said. B If you run
- 24:56Speaker 2: a small business, you know the pain of waiting to
- 24:58Speaker 2: get paid. You finished a job, you see the invoice,
- 25:00Speaker 2: and then you spend weeks chasing people up like some
- 25:03Speaker 2: sort of debt collector. It's no fun. Zero's Tap to
- 25:06Speaker 2: Pay powered by Stripe, changes all of this. Your customer
- 25:09Speaker 2: taps their card on your phone, Boom, you paid on
- 25:11Speaker 2: the spot, no fancy payment terminal needed, just the zero
- 25:14Speaker 2: accounting app. And here's the really smart bit of all
- 25:16Speaker 2: of this. Once the payment goes through, the invoice is
- 25:19Speaker 2: automatically marked as paid in zero, ready to be reconciled.
- 25:23Speaker 2: This means less admin less marking around with the paperwork,
- 25:26Speaker 2: more time doing what you actually are meant to be doing,
- 25:28Speaker 2: which is running your business. It's secure, it's instant, and
- 25:32Speaker 2: it keeps your cash flow moving instead of grinding to
- 25:34Speaker 2: a halt every month. Except payments on the spot as
- 25:37Speaker 2: soon as the job's complete. No more awkward conversations about
- 25:40Speaker 2: chasing up and invoice all that sort of stuff. The
- 25:42Speaker 2: small businesses that will benefit from this, it could genuinely
- 25:47Speaker 2: be a game changer. Less time chasing the payments, more
- 25:50Speaker 2: time focusing on what you do best. Supercharge your business
- 25:53Speaker 2: with zero tap to pay, getting paid has got a
- 25:56Speaker 2: whole lot easier search, zero tap to pay.
- 26:00Speaker 1: A correspondence with ends in eye insurance, peace of mind
- 26:03Speaker 1: for New Zealand business.
- 26:05Speaker 2: Well so pot roads and tolls and just the second
- 26:07Speaker 2: first on a tomorrow Australia correspondent, Good morning Donna, Good
- 26:10Speaker 2: morning to you. So the PMS in Washington, I see
- 26:13Speaker 2: he's taken his Resources minister.
- 26:16Speaker 13: Yes, well, we know that this is a very big deal,
- 26:21Speaker 13: this crucial meeting with Donald Trump, because we know that
- 26:24Speaker 13: it's the first formal face to face with the US president.
- 26:29Speaker 13: You know, when he arrived last night, he didn't address
- 26:32Speaker 13: the media at that time. He got straight to a
- 26:34Speaker 13: waiting car and off he went. And we know that
- 26:37Speaker 13: they've been meeting for a little while. They've had four
- 26:40Speaker 13: phone calls since Trump's twenty twenty four election and a
- 26:43Speaker 13: brief encounter in New York in September. But this is
- 26:46Speaker 13: like the proper, full on sit down chat. We know
- 26:50Speaker 13: that just moments ago they signed an agreement on critical
- 26:54Speaker 13: minerals and rare earths. Now these are the things that
- 26:57Speaker 13: are used to make what they call consumer tech like
- 27:00Speaker 13: mobile phones, et cetera. And so Trump actually said all
- 27:03Speaker 13: the deal was negotiated over four or five months or so.
- 27:06Speaker 13: And we've heard from Anthony Albanesi a couple of matches
- 27:09Speaker 13: and he said that Australia has an eight point five
- 27:13Speaker 13: billion dollar pipeline ready to go in that regard. So
- 27:16Speaker 13: that deal has been done. But now they've been taking
- 27:21Speaker 13: questions from media and it's all been very interesting as
- 27:24Speaker 13: that unfolds. But we have heard Albanezi congratulating Trump on
- 27:29Speaker 13: the Middle East ceasefire, saying it's an extraordinary achievement. And
- 27:34Speaker 13: or he also said that we have great friends and
- 27:36Speaker 13: great allies, and this relationship has been forged in the
- 27:39Speaker 13: battlefields of the world.
- 27:42Speaker 8: So there you go.
- 27:44Speaker 13: We're just hearing about freedom and democracy. In fact from
- 27:47Speaker 13: Albow as he sits alongside Donald Trump in Washington.
- 27:52Speaker 2: You go to do a little bit. He goes stroking
- 27:53Speaker 2: while you're in DC. It's just part of the course.
- 27:56Speaker 2: Thanks Don and Donald Mayo, Australia correspondent, just gone eleven
- 27:59Speaker 2: minutes away from six. By the way, the seat numbers
- 28:02Speaker 2: I was telling you about earlier up a percent month
- 28:05Speaker 2: on month, three percent quarter on quarter, six percent year
- 28:07Speaker 2: on year, although volumes a bit lower. The number of heirs.
- 28:10Speaker 2: The bad bit about it. The number of New Zealand
- 28:12Speaker 2: candidates applying for roles in Australia remains up. This is
- 28:17Speaker 2: based on pre COVID levels, so there are still more
- 28:20Speaker 2: people interested in working in Australia than we would normally
- 28:23Speaker 2: see in a pre COVID period. Maybe it's to do
- 28:25Speaker 2: with all their mineral jobs that they've got all the
- 28:26Speaker 2: mining jobs that they've got, right, Ryan, government set aside
- 28:30Speaker 2: a combined total of one point two billion. This is
- 28:32Speaker 2: to get key projects moving in the roads of National Significance.
- 28:36Speaker 2: Program includes half a billion to buy up houses. Tolls
- 28:39Speaker 2: will be the default. James Smith is with the National
- 28:41Speaker 2: Road Carries with me this morning. James, Good morning, Good
- 28:45Speaker 2: morning Ryan. Does the toll I mean, how do you
- 28:47Speaker 2: feel about the tolls? Does that cancel out the efficiency
- 28:49Speaker 2: or the benefit from the fast and newer roads or
- 28:52Speaker 2: is there a net gain?
- 28:55Speaker 8: There's normally a net gain, Ryan, So normally you get
- 28:58Speaker 8: to the increased productivity cancels out the cost of the tonnel.
- 29:02Speaker 2: What do you expect with the roads that we have done,
- 29:05Speaker 2: Like I'm thinking North of Auckland, I'm thinking Company Expressway.
- 29:09Speaker 2: What have you seen? How significant has the shift been?
- 29:14Speaker 8: It's been It has been significant. So what we've seen
- 29:17Speaker 8: is not only slightly faster times, but it's more the consistency,
- 29:24Speaker 8: So the fact that the route is now a lot
- 29:26Speaker 8: more dependable. It's a lot more reliable. So what you
- 29:30Speaker 8: need in our sector is consistency. So you need to
- 29:33Speaker 8: know that if you leave it X, you're going to
- 29:35Speaker 8: arrive at y and you're going to do that on
- 29:37Speaker 8: a consistent basis. So we're seeing that with all of
- 29:41Speaker 8: these projects, they've brought much needed resilience, safety, and productivity
- 29:46Speaker 8: to the network.
- 29:46Speaker 2: Does that make stuff cheaper for us because you're carrying
- 29:50Speaker 2: our goods, aren't you?
- 29:52Speaker 8: Yeah, we are, And it slows down the rate of
- 29:56Speaker 8: rate of increase, so everything else is still going up.
- 30:00Speaker 8: So sorry, but yes, you still expect rates to rise,
- 30:04Speaker 8: but it helps soften that blow.
- 30:07Speaker 2: Do we need do you need some sort of reassurance infrastructure?
- 30:12Speaker 2: New Zealand came out as they saying, we want to
- 30:13Speaker 2: see more bipartisan buy in on this kind of stuff,
- 30:16Speaker 2: especially if it's rons.
- 30:17Speaker 8: Do you agree, Oh, absolutely, and we've actually seen that already,
- 30:23Speaker 8: so Labor transport spokesmen and have actually already said that
- 30:29Speaker 8: if the projects are actually up and honking, if there's
- 30:34Speaker 8: a change of government, they will honor the projects. So
- 30:37Speaker 8: that's why it's absolutely mission critical that these projects, some
- 30:40Speaker 8: of them we'd been wanning for since the nineteen fifties
- 30:44Speaker 8: for goodness sake, can actually get shovels on the ground
- 30:48Speaker 8: and get moving.
- 30:49Speaker 2: Appreciate your time this morning. James Smith's National Road carriers
- 30:51Speaker 2: with us. It is eight minutes to six News Talks.
- 30:54Speaker 1: He'd be get ahead of the headlines on early edition
- 30:58Speaker 1: with Bryan Bridge and r V Supercenter explore RVs accessories
- 31:03Speaker 1: and servicing all in one News talks'b.
- 31:06Speaker 2: It is six away from six News TALKS'B. The energy
- 31:08Speaker 2: costs we were talking about earlier that fed into the
- 31:10Speaker 2: CPI number that we got yesterday, up eleven point three
- 31:13Speaker 2: percent from a year ago. That is the biggest jump
- 31:15Speaker 2: since nineteen eighty nine, and back then that was caused
- 31:18Speaker 2: by a GST increase, So for a non tax increase,
- 31:23Speaker 2: it was the biggest jumps in nineteen eighty seven, which
- 31:25Speaker 2: is why you're feeling it when you turn your heat
- 31:27Speaker 2: pump on over winter. Gas prices up fifteen percent and
- 31:31Speaker 2: that was the second court and that's just for the quarter,
- 31:34Speaker 2: and that was the second quarter in the road that
- 31:35Speaker 2: they were up over fifteen percent. It is sorry, six
- 31:39Speaker 2: minutes away from six.
- 31:40Speaker 8: Bryan Bridge.
- 31:42Speaker 2: Mike's in the studio this morning. Mike, I know you
- 31:44Speaker 2: would have been watching those press conferences yesterday. What did
- 31:47Speaker 2: you make of Labour's artwork? The background?
- 31:50Speaker 6: It was beautiful, wasn't it? What I what I liked
- 31:52Speaker 6: is that it wandered around the whatever it was called
- 31:54Speaker 6: a start startup with and they said, so, so you
- 31:58Speaker 6: so you need some money and the guy goes, no, no,
- 32:00Speaker 6: we're good. And what about you, mate, you're looking for
- 32:03Speaker 6: a bit of funding, are you? Goes no, no, we're
- 32:05Speaker 6: pretty good, Which is one of the great questions to
- 32:06Speaker 6: come out of the idea is there a shortage of money?
- 32:10Speaker 6: And the answer seems to me to be no. I mean,
- 32:12Speaker 6: if you follow globally these sort of things, there's money everywhere.
- 32:16Speaker 2: There's everything. There's also already managed by the guardians of
- 32:20Speaker 2: the super Fund, a four hundred million dollar elevate fund
- 32:23Speaker 2: which goes exactly to companies like this.
- 32:26Speaker 6: It's one of those altruistic ideas that you can't argue with.
- 32:28Speaker 6: You think, oh, yeah, that sounds like that's a nice idea,
- 32:32Speaker 6: isn't it. In the moment you go around saying, well,
- 32:34Speaker 6: who's in charge of it? And what decisions are they
- 32:36Speaker 6: going to make? And what about the risk on return
- 32:37Speaker 6: and stuff like that, there's no answers.
- 32:39Speaker 2: I think the smart thing that they've done is realize
- 32:42Speaker 2: their own shortcomings and that say that you winners.
- 32:46Speaker 6: There's probably something in there. Yeah, go get it off
- 32:49Speaker 6: to somebody else. Hey, did you speaking? Which did you see?
- 32:53Speaker 6: That is the charter school for the sports thing? The
- 32:56Speaker 6: greatest thing in the world.
- 32:57Speaker 2: Excellent?
- 32:57Speaker 6: Did every single one of us who went to school
- 32:59Speaker 6: really want to just play sport? And and how much
- 33:03Speaker 6: better would we have been if we'd gone to a
- 33:05Speaker 6: school that just elevated sport to a level that we
- 33:08Speaker 6: could go on to greatness? Well, I personally, I mean
- 33:12Speaker 6: as your unco what for some of us who were
- 33:16Speaker 6: athletic we would have were you?
- 33:18Speaker 2: Yeah? And what what area?
- 33:21Speaker 6: Look name of sport?
- 33:22Speaker 2: I'm good.
- 33:23Speaker 6: I was very good at I was very good at tennis,
- 33:25Speaker 6: and I was very good at basketball.
- 33:27Speaker 2: If I chucked you in a pool, how well was useless? Absolutely?
- 33:29Speaker 2: You know I didn't think I could.
- 33:30Speaker 6: I couldn't swim to save yourself.
- 33:32Speaker 2: But but you know it's a great idea. But what
- 33:34Speaker 2: a fantastical And why would the unions oppose it?
- 33:38Speaker 6: You know, because they are miserable sobs menas And you've
- 33:41Speaker 6: got to ask old Pipkins is he going to close
- 33:43Speaker 6: them down again like he did last time? Ideology?
- 33:47Speaker 2: All right, look forward today's show mate, see you tomorrow. Everyone,
- 33:50Speaker 2: have a Great day.
- 33:56Speaker 1: For more from Early Edition with Ryan Bridge, listen live
- 33:59Speaker 1: to new talks. It'd be from five am weekdays, or
- 34:02Speaker 1: follow the podcast on iHeartRadio