Latest / Early Edition with Ryan Bridge / Full Show Podcast: 14 November 2024
Transcript
- 0:01Speaker 1: The issues, the interviews and the inside Ryan Bridge new
- 0:08Speaker 1: for twenty twenty four on the early edition with Smith City,
- 0:12Speaker 1: New Zealand's.
- 0:12Speaker 2: Furniture bands and a play a store news dogs.
- 0:15Speaker 3: It'd be good morning six half for five. Great to
- 0:17Speaker 3: have your company. It is Thursday morning, of course, and
- 0:20Speaker 3: I'll lead into you before six. Tourism grinding along and
- 0:24Speaker 3: keyw is hopping across the ditch for good. We've got
- 0:27Speaker 3: new numbers out yesterday. We'll ask an economist what it
- 0:29Speaker 3: means for the rest of us. The new PPP framework
- 0:32Speaker 3: has been released. We'll talk for infrastructure New Zealand about it.
- 0:35Speaker 3: Is it any good? Mitch mccannon's stateside and the christ
- 0:38Speaker 3: Show is happening, but it's only going to be half
- 0:41Speaker 3: as big.
- 0:44Speaker 2: The agenda.
- 0:45Speaker 3: It is Thursday, the fourteenth of November. The transition is
- 0:48Speaker 3: kicking off any moment now. Donald Trump is going to
- 0:51Speaker 3: head to the White House and meet with Biden. This
- 0:54Speaker 3: is going to be the start of the handover. Surely
- 0:57Speaker 3: Mlani will be there measuring up the cursions. Get some
- 1:00Speaker 3: new drapes in there. Also big day Foo Senate Republicans
- 1:03Speaker 3: today voting on the new leader. Mitch McConnell stepping down
- 1:06Speaker 3: from January.
- 1:07Speaker 4: There is stiff competition between Texas Senator John Cornyn John Thune,
- 1:12Speaker 4: who is the Republican whip currently, and also Florida Senator
- 1:17Speaker 4: Rick Scott, who most notably has picked up support from
- 1:20Speaker 4: a number of Trump allies, including Eloton Musk.
- 1:23Speaker 3: It certainly has after two years of cooling and staying stateside.
- 1:27Speaker 3: Right now, US inflation has ticked up ever so slightly
- 1:30Speaker 3: in October, just zero point two percent for the month,
- 1:32Speaker 3: the annual rate two point six percent. That's compared to
- 1:35Speaker 3: two point four for September. Core inflation, which excludes fuel
- 1:39Speaker 3: and food prices, remains steady at three point three percent. Now.
- 1:41Speaker 3: This is in line largely with economist expectations and it
- 1:45Speaker 3: shouldn't affect the next FED rate cut. New Zealand food
- 1:49Speaker 3: price inflation numbers will be out later this morning. That
- 1:51Speaker 3: volcano and Indonesia still erupting, Jetstar Quantus flights still canceled
- 1:56Speaker 3: entering its tenth day.
- 1:57Speaker 5: The problem is these type volcanos can be very complex,
- 2:02Speaker 5: they can be unpredictable, and their eruptive activity is typically
- 2:06Speaker 5: this intermittent style of significant explosion every few days or
- 2:10Speaker 5: so you've.
- 2:11Speaker 3: Got a field for Valencia. Thousands of people have been
- 2:13Speaker 3: evacuated from southern Spain as another red severe weather warning
- 2:17Speaker 3: has been issued, so that includes parts of Valencia. They
- 2:20Speaker 3: are again under Orange weather warnings there. Two hundred and
- 2:23Speaker 3: twenty people have died in recent severe weather events and
- 2:26Speaker 3: flash flooding in the country.
- 2:28Speaker 2: The news you need this morning and the in depth
- 2:30Speaker 2: analysis early edition with Ryan Bridge and Swift City, New
- 2:34Speaker 2: Zealand's furniture beds and a playing store.
- 2:37Speaker 3: News Talk said, be a couple of little things to
- 2:39Speaker 3: kick us off this morning. One was the hiccor yesterday.
- 2:42Speaker 3: You would have seen, I'm sure the coverage on the
- 2:43Speaker 3: news last night. How can we not know how many
- 2:46Speaker 3: people cross the Harbor Bridge? You know, we've got police
- 2:49Speaker 3: there who have the little tickers in their hand. Are
- 2:52Speaker 3: they not counting? They said they were so they gave
- 2:54Speaker 3: us a number of five thousand. The organizers gave us
- 2:58Speaker 3: a number of twenty five thousand. I mean these are
- 3:00Speaker 3: vastly different numbers, aren't they. Twenty five thousand. Labour gave
- 3:03Speaker 3: us a number of ten thousand. Have listened to this
- 3:07Speaker 3: reporter on one news.
- 3:08Speaker 6: The hikoy was so big that it needed to be staggered,
- 3:11Speaker 6: so several hundred people would be grouped and would cross
- 3:14Speaker 6: the bridge at different times. I was there for the
- 3:17Speaker 6: duration of the morning and saw waves and waves over
- 3:20Speaker 6: seven waves.
- 3:22Speaker 3: I counted, so two hundred and fifty per waves seven waves,
- 3:25Speaker 3: that's by my calculation, seventeen hundred and fifty people. So
- 3:31Speaker 3: now we have four numbers. We have seventeen hundred and fifty,
- 3:34Speaker 3: we have five thousand, we have twenty five thousand, and
- 3:36Speaker 3: we have ten thousand. Who do we believe honestly, nine
- 3:41Speaker 3: two ninety two is the number to two? I suppose
- 3:43Speaker 3: it doesn't really matter. It does matter how big this
- 3:45Speaker 3: protest is. It does because remember the big heikoy for
- 3:49Speaker 3: Foreshaw and Seabd. I went back and had a look.
- 3:52Speaker 3: They reckon there was about ten thousand protesters, swelling to
- 3:55Speaker 3: fifteen thousand by the time it got to Parliament. And
- 3:59Speaker 3: what to party my will want to say is that
- 4:01Speaker 3: this protest in particular is the biggest that New Zealand
- 4:04Speaker 3: has ever seen. And so that's one they're giving us
- 4:06Speaker 3: numbers like twenty five thousand, which are patiently false. I mean,
- 4:10Speaker 3: that's misinformation, isn't that If you look at the reporter,
- 4:14Speaker 3: the police and even labor to Passy Valdi's number is
- 4:18Speaker 3: way out the gate, So I don't know. It does matter,
- 4:21Speaker 3: it does matter, But who do you believe? I guess
- 4:24Speaker 3: ten minutes after five you're on News Talk, sat.
- 4:26Speaker 2: By and Bread Rich.
- 4:30Speaker 3: Also this morning Everyday Rewards. Does anyone use Everyday Rewards?
- 4:35Speaker 3: I've never heard of it. Apparently it's relatively new. You
- 4:37Speaker 3: can buy things like trumpet, woolworst BP, pet stock, milk
- 4:41Speaker 3: run and vine online. I need to get out more, obviously,
- 4:45Speaker 3: but I have no idea what it is. Anyway, there's
- 4:46Speaker 3: great news this morning. If you do use it. You
- 4:49Speaker 3: can now get airpoints, dollars and Quantus points from the
- 4:52Speaker 3: second of December, just in time for Christmas. Honestly, who
- 4:56Speaker 3: spends the time? Well, first of all, you're going to
- 4:57Speaker 3: take the card with you and who remember is that?
- 5:00Speaker 3: And then you're going to swipe it every time. You know,
- 5:02Speaker 3: swiping once is laborious enough, But do tell me how long?
- 5:07Speaker 3: How many years does it take you to win a
- 5:09Speaker 3: chocolate fish off? Everyday Rewards nine two ninety two. It's
- 5:13Speaker 3: eleven after five. News Talk said, b.
- 5:21Speaker 2: Get ahead of the headlines, Ryan Bridge, you for twenty
- 5:25Speaker 2: twenty four on early edition with Smith City, New Zealand,
- 5:29Speaker 2: Furniture Beds and a playing store, News Talk SEDB.
- 5:32Speaker 3: There's one hundred thousand journalists out sothing, not quite that many,
- 5:34Speaker 3: but a few outside the White House right now. They're
- 5:37Speaker 3: all eager to get a photo of Donald Trump returning
- 5:41Speaker 3: to the White House. He is going to head back
- 5:43Speaker 3: to the Oval Office for a meeting. It's crazy to
- 5:45Speaker 3: think about, isn't it, But that is democracy. For a
- 5:48Speaker 3: meeting with Joe Biden is to start the transition. At
- 5:50Speaker 3: the same time, The New York Times is reporting this
- 5:52Speaker 3: morning that Jack Smith, now he's the special counsel for
- 5:56Speaker 3: the Justice Department that was taking those prosecutions against Trump.
- 6:00Speaker 3: That was the one was about the election defeat, you know,
- 6:03Speaker 3: plotting to overturn the election defeat. The other was about
- 6:05Speaker 3: hiding classified documents. Well, this guy, Jack Smith, has come
- 6:09Speaker 3: out and said I'm going to end these two prosecutions
- 6:13Speaker 3: of Donald Trump and I'm going to resign before he
- 6:17Speaker 3: takes office. And the reason he's doing that, well, firstly,
- 6:21Speaker 3: the Justice Department says you can't prosecute a sitting president,
- 6:24Speaker 3: and he hasn't done it in time. Secondly, he was
- 6:28Speaker 3: told by Trump through the media, I will fire you
- 6:31Speaker 3: within two seconds of getting into office, so he's just
- 6:33Speaker 3: sort of beating him to it. I suppose. Fourteen after five,
- 6:36Speaker 3: Ryan Bridge, the government has released it's refreshed public private
- 6:41Speaker 3: Partnership framework. It was part of the National at Coalition
- 6:44Speaker 3: agreement and the government says it'll help deliver a new
- 6:46Speaker 3: generation of vital infrastructure projects. Interestingly, the four word written
- 6:50Speaker 3: by Labour's Barbara Edmonds. So is that a sign of
- 6:53Speaker 3: some you know, bipartisanship on this issue. Nick Leggett is
- 6:57Speaker 3: Chief Executive Infrastructure New Zualanities with me this morning. Hey Nick,
- 7:01Speaker 3: Hi Ryan, what sticks out for you here? I mean
- 7:04Speaker 3: the first one that they look at is the risk.
- 7:07Speaker 3: So who's taking on all the risk? And at the
- 7:09Speaker 3: moment we might be putting people off by putting too
- 7:12Speaker 3: much risk on the contractors.
- 7:15Speaker 7: Yeah, I mean that's that has been a bit of
- 7:17Speaker 7: an issue here. And of course if you want public
- 7:20Speaker 7: private partnerships to be successful, you've got to actually attract
- 7:23Speaker 7: the private sector and having is much understood upfront about
- 7:29Speaker 7: the project and if you think about you know that
- 7:31Speaker 7: the underlying land in New Zealand's got some rocky parts
- 7:37Speaker 7: of the country, but also getting in and buying land early,
- 7:40Speaker 7: establishing as much as you can know so risk can
- 7:44Speaker 7: be properly allocated. The thing is that the private sector's
- 7:47Speaker 7: prepared to take risks. Of course it just will be
- 7:49Speaker 7: priced into the job. But this is you know, we're
- 7:52Speaker 7: very immature where it comes to public private partnerships. We've
- 7:55Speaker 7: only built eight The last labor government paused them, so
- 7:58Speaker 7: we haven't sort of evolve them properly. So this frameworks
- 8:02Speaker 7: really important and it means the government doesn't have to borrow.
- 8:06Speaker 7: And the other point about a public private partnership and
- 8:09Speaker 7: there'll be people driving on roads now that aren't in
- 8:11Speaker 7: good conditional taking their kids to schools, to school buildings
- 8:15Speaker 7: that should have been replaced and renewed. We need to
- 8:18Speaker 7: do better where it comes to our infrastructure assets. And
- 8:21Speaker 7: it's the thing about a PPP. It's not just about
- 8:24Speaker 7: building the road or the school. It's about taking a
- 8:28Speaker 7: whole of life approach to that particular asset. And the
- 8:32Speaker 7: private set not only owns and builds it, but they
- 8:35Speaker 7: maintain it. And Brian, I think kiwis know the government
- 8:38Speaker 7: has been pretty poor over many decades at maintaining our
- 8:43Speaker 7: public assets.
- 8:44Speaker 2: And so them is just one tool.
- 8:46Speaker 3: My car our testament to that. Just on that because
- 8:50Speaker 3: it's related to your point. So the part of this
- 8:53Speaker 3: framework is that any PPP must stack up against other
- 8:58Speaker 3: potential models of delivery, which seems entirely reasonable. Are there
- 9:02Speaker 3: types of projects that actually wouldn't be suitable for PPPs?
- 9:05Speaker 3: And so what types of projects?
- 9:08Speaker 7: Yeah, look, it's a good point. I mean I think
- 9:10Speaker 7: you know, there be many many projects that aren't suitable.
- 9:14Speaker 7: I mean you have to have scale, so a road
- 9:18Speaker 7: would be suitable. But frankly, Ryan, it's another conversation we've
- 9:22Speaker 7: got to have because it's better to have an income
- 9:25Speaker 7: stream from these assets that are public private partnerships. So
- 9:29Speaker 7: a road with a toll on it is going to
- 9:31Speaker 7: be much more appropriate than a road without a toll.
- 9:34Speaker 7: And you know people will also go to Australia and
- 9:37Speaker 7: other parts of the world we're road tolling for good.
- 9:41Speaker 7: Decent pieces of road are standard and people don't mind
- 9:45Speaker 7: paying more if they get places quicker and more safely.
- 9:49Speaker 7: And as you know, you say, the rooms of their
- 9:51Speaker 7: car are not damaged. And so it would be those
- 9:55Speaker 7: large projects or a whole lot of individual, smaller projects
- 10:00Speaker 7: bundle together, and you know we have we've had school
- 10:03Speaker 7: PPPs and you know what, the schools love them because
- 10:06Speaker 7: it means that teachers and principals get to educate kids.
- 10:09Speaker 7: They're not focused on being property managers every time you
- 10:12Speaker 7: have the light.
- 10:13Speaker 3: Fails or and they're in a room that's not covered
- 10:16Speaker 3: in mold. Nick, thank you very much for that this morning.
- 10:18Speaker 3: Great to have you on the show as always, Nick Legatiev,
- 10:20Speaker 3: executive at Infrastructure New Zealand. They've put the PPP framework
- 10:24Speaker 3: up online for those who might be interested. Ex I
- 10:26Speaker 3: was having a look at the report by Stephen Joyce.
- 10:30Speaker 3: They looked into the new agency they're setting up to
- 10:32Speaker 3: as the funding vehicle for PPPs this morning, and I'll
- 10:36Speaker 3: share that with you in just a second. But I
- 10:38Speaker 3: am looking at live pictures coming out of the White
- 10:41Speaker 3: House right now. Biden and Trump have sat down together.
- 10:46Speaker 3: They have made up, well I don't know if they're
- 10:48Speaker 3: quite made up, but they've sat down in front of
- 10:50Speaker 3: a roaring fire and how do we chat to the media.
- 10:54Speaker 3: We'll bring you audio of that next.
- 10:57Speaker 2: On your radio and online on iHeart Radio Early Edition
- 11:01Speaker 2: with Ryan Bridge and Smith City, New Zealand's furniture beds
- 11:05Speaker 2: and a playing store.
- 11:06Speaker 3: On youth talks, that'd be twenty one after five. On
- 11:08Speaker 3: news talks, they'd be We'll get to Trump and Biden
- 11:10Speaker 3: at the White House shortly right now though, alpacker, judge
- 11:13Speaker 3: and competitions, lawn mower racing, sheep and equestrian events. Christ
- 11:18Speaker 3: Church Show is back this week, but smaller. They have
- 11:22Speaker 3: one hundred thousand visitors last year, expecting sixty thousand this year.
- 11:26Speaker 3: But it's still an amazing feat for Anderson's event high.
- 11:29Speaker 3: Christ Church Show event director Pel thanks for being with me.
- 11:32Speaker 3: It's quite a rabbit you've pulled out of the hat
- 11:34Speaker 3: here to get this all together.
- 11:37Speaker 8: Yeah. Sure has been, specially for the last three months,
- 11:42Speaker 8: which is yeah, the time we've had, which is usually
- 11:45Speaker 8: a year to organize such an event. So yes, still
- 11:49Speaker 8: such an impressive lineup and the look and feel of
- 11:53Speaker 8: a normal imp show. So yeah, we're so excited because it.
- 11:56Speaker 3: Was going I mean, it was basically off, wasn't it.
- 11:58Speaker 3: And you guys came in and you're doing a bit
- 12:01Speaker 3: of a rescue job here.
- 12:03Speaker 8: Yeah, basically we said can't be done. A new board
- 12:07Speaker 8: came in and they went, I reckon, you guys, all right,
- 12:10Speaker 8: let's make something happen here, and yeah, it'll just flowed
- 12:14Speaker 8: from there, which we were so grateful for.
- 12:16Speaker 3: How many events have you got your How big will
- 12:19Speaker 3: the turnout be? I know that the numbers are about
- 12:21Speaker 3: sixty thousand they're expecting, But in terms of the trade stores,
- 12:24Speaker 3: et cetera, compared to last year.
- 12:26Speaker 8: Yeah, trade is probably about thirty forty percent lease. But
- 12:33Speaker 8: in terms of everything else around the AMP show experience
- 12:36Speaker 8: much the same, if not more. Maybe entertainment or a
- 12:39Speaker 8: real good mix of entertainment like lawnmar racing. Never seen
- 12:42Speaker 8: it so excited, you know, that just seems so unusual,
- 12:45Speaker 8: and I just think there'll be it's like that a
- 12:48Speaker 8: part of the show that people are just going to
- 12:50Speaker 8: really go what a core experience.
- 12:53Speaker 3: Hey, do you guys make money out of something like this?
- 12:55Speaker 8: Phil? The aim is too, But yeah, not a lot though,
- 13:01Speaker 8: to be for you, there's a lot of costs associated
- 13:05Speaker 8: with us, especially you know when we consider the other
- 13:09Speaker 8: events that we do, this thing's very heavy in terms
- 13:13Speaker 8: of the cost. Is so much infrastructure that goes into
- 13:16Speaker 8: us that's been such a massive learning curve.
- 13:18Speaker 3: Good on you're for getting it done in such a
- 13:20Speaker 3: quick amount of time. Phil, I really appreciate you coming
- 13:22Speaker 3: on the show. And best of luck with Christ Show,
- 13:25Speaker 3: which is on this week. That was Phil Anderson event
- 13:27Speaker 3: higher Christ Jutch Show event director. Twenty three minutes after five,
- 13:31Speaker 3: Ryan Bridge, Right, let's go to the White House. Biden
- 13:34Speaker 3: and Trump have met. Wells President, I.
- 13:36Speaker 9: Like former president, Thank you, congratulations, thank.
- 13:40Speaker 3: You, looking forward to having a like we said, it's
- 13:45Speaker 3: still with transition toever we can make sure you're coming
- 13:48Speaker 3: in what you need. We're gonna get a chance.
- 13:51Speaker 10: To talk across today. It's good, welcome, welcome, Jenna, thank
- 13:55Speaker 10: you very much.
- 13:56Speaker 2: And politics is tough.
- 13:59Speaker 10: And it's to many cases not a very nice world.
- 14:03Speaker 10: But it is a nice world today. And I appreciate
- 14:05Speaker 10: very much a transition that's so smooth. It'll be as
- 14:09Speaker 10: smooth as you can get. And I very much appreciated Jill.
- 14:13Speaker 3: You are there. You go. That noise you can hear
- 14:16Speaker 3: in the background is a roaring fire. Someone really cranked it.
- 14:19Speaker 3: That's got one, two, three, four, fix six logs on
- 14:22Speaker 3: it coming. They are almost on fire, the two of them.
- 14:25Speaker 3: But there you go. Trump saying it's a nice world today.
- 14:29Speaker 3: There is a smooth transition taking place. This is what
- 14:32Speaker 3: usually happens. Obviously didn't happen last time, but this is
- 14:34Speaker 3: what usually happens when you have one president taking over
- 14:37Speaker 3: from another from different parties. They will come in and
- 14:39Speaker 3: they'll have their little transition meeting. Milania I did mention
- 14:43Speaker 3: Millennia might be they're measuring up the drapes and you know,
- 14:47Speaker 3: paint colors, things like that. Apparently she stayed at Mara
- 14:49Speaker 3: Lago today. She stayed away. Didn't want to see Jill Biden.
- 14:51Speaker 3: So do you go twenty five after five Y're on
- 14:54Speaker 3: news Talks. He'd be lots of your text to get
- 14:56Speaker 3: to on, particularly on the everyday rewards. Actually, here's one
- 15:00Speaker 3: quickly from Gary. I think everyday rewards is fantastic. I'm
- 15:04Speaker 3: a regular. Fifteen dollars off my Woolies groceries and everyday
- 15:09Speaker 3: rewards specials, ten percent off petrol easy as flashing are
- 15:13Speaker 3: rewards on my phone, Happy and easy, says Gary. Well,
- 15:19Speaker 3: if you're getting fifteen dollars off your Bullies groceries, that's
- 15:21Speaker 3: not bad, is it. Twenty five after five.
- 15:24Speaker 2: The Early Edition Full Show podcast on iHeartRadio, Power by News.
- 15:29Speaker 3: Talks at me, it's news talks. It'd be twenty seven
- 15:32Speaker 3: after five. Great to have your company this morning. Why
- 15:35Speaker 3: does no one like us New Zealand. Two numbers out
- 15:38Speaker 3: yesterday that prove this, one eighty seven percent. We're still
- 15:42Speaker 3: plateauing in the high eighties for tourism. That's on pre
- 15:45Speaker 3: COVID levels. And number two fifty five thousand for the
- 15:49Speaker 3: year September that was our net migration loss of New
- 15:53Speaker 3: Zealand citizens, which is a new record. Not only are
- 15:57Speaker 3: we that unsexy to foreigners, they won't come here and
- 16:00Speaker 3: have a piece, but our own people are off flirting
- 16:03Speaker 3: up a storm with the likes of Australia. And they're
- 16:05Speaker 3: not even flirting. It's not a weekend fling. They have
- 16:08Speaker 3: left us. It's divorce. Sure, we're getting more people in
- 16:13Speaker 3: terms of overall migration, meaning an overall net positive number.
- 16:17Speaker 3: But next year, many economists predict, for the first time
- 16:19Speaker 3: in a long time, excluding COVID, we'll hit net zero migration.
- 16:23Speaker 3: And we need migrants to support our economy here, and
- 16:25Speaker 3: we need tourists to support our economy here as well.
- 16:28Speaker 3: So what's happened to us? Do we stop brushing our hair?
- 16:31Speaker 3: And cleaning our teeth. Do we look like some antipody
- 16:35Speaker 3: and mole at the bottom of the world that you'd
- 16:37Speaker 3: rather skip over. The Aussies are rebounding much better than
- 16:41Speaker 3: us on tourism, and they're taking all of our young workers,
- 16:44Speaker 3: and you look at all the places that are so
- 16:46Speaker 3: overcrowded by tourists. They're introducing limits in Florence. Just yesterday
- 16:52Speaker 3: they announced that they're banning key boxes to stop Airbnbs
- 16:55Speaker 3: in their city. Rome, Amsterdam, Athens, Pouquette, just to name
- 16:59Speaker 3: a few. They're all doing similar things. Last year, we
- 17:01Speaker 3: ranked one hundred and fifty seventh out of one hundred
- 17:03Speaker 3: and eighty countries on growth and things haven't improved much
- 17:07Speaker 3: there since we are a very expensive place to come
- 17:11Speaker 3: and we are at the bottom of the world. The
- 17:13Speaker 3: heart of the matter, though, is we've lost a bit
- 17:14Speaker 3: of our mojo. Apart from cutting spending and focusing on
- 17:18Speaker 3: the basics, which are important, what is this country's big
- 17:22Speaker 3: plan to grow our economic future and fortunes? What industries
- 17:27Speaker 3: are we targeting. Until we can answer that big question,
- 17:31Speaker 3: we'll still look a little bit ugly to the rest
- 17:34Speaker 3: of the world.
- 17:36Speaker 2: News and views you trust to start your day. It's
- 17:39Speaker 2: early edition with Ryan Bridge and Smith City, New Zealand's
- 17:42Speaker 2: furniture beds and a flying store News talks. That'd be.
- 17:54Speaker 3: Good Morning New Zealand, twenty four away from six. Great
- 17:56Speaker 3: to have your company on this Thursday morning. Donald Trump
- 17:59Speaker 3: has just met with Joe Buying at the White House.
- 18:01Speaker 3: Says politics is a brutal sport, but quote, it's a
- 18:04Speaker 3: nice world today. They did that chat fireside. Republicans are
- 18:09Speaker 3: about to pick their new leader for the Senate. That's
- 18:11Speaker 3: happening in two hours. Mitch McCann is with US live
- 18:13Speaker 3: from New York. Inside the next fifteen also before six,
- 18:16Speaker 3: an economist on our tourism numbers and migration as well.
- 18:20Speaker 3: The government has just released yesterday a calculator, a gender
- 18:24Speaker 3: pay gap calculator. I mean, this is such a big
- 18:26Speaker 3: issue for me that I thought I would go and
- 18:29Speaker 3: use the calculator. So apparently the average pay gap is
- 18:32Speaker 3: eight point two percent, so women are an eight point
- 18:34Speaker 3: two percent less than men. You can go in and
- 18:36Speaker 3: you can put as if you're an employer, you put
- 18:39Speaker 3: how many workers you have male female? Workout your gap,
- 18:43Speaker 3: and then it tells you what to do about it.
- 18:45Speaker 3: So here here's the results that I pretended I had
- 18:48Speaker 3: three men and three women working for me. I pretended
- 18:50Speaker 3: the men. The average for men was sixty thousand a year.
- 18:54Speaker 3: The average for the women was fifty thousand. What did
- 18:57Speaker 3: that tell me? Whip? Do you do that? The end
- 19:00Speaker 3: to pay gap was sixteen point seven percent? Didn't say
- 19:04Speaker 3: whether you know one of those men was the CEO
- 19:07Speaker 3: or the manager, which might have completely skewed the result.
- 19:10Speaker 3: It just says, no, sixteen point seven percent is your
- 19:12Speaker 3: gender pay gap? There? It is. It also asked me
- 19:15Speaker 3: do you have any gender diverse people working for you?
- 19:17Speaker 3: And I said no, So it has given me a
- 19:20Speaker 3: gender diverse pay gap of one hundred percent. But there's
- 19:26Speaker 3: no gender diverse person. So the difference between what a
- 19:29Speaker 3: man earns and what a gender diverse person earns is
- 19:32Speaker 3: one hundred percent. Do we have to address that anyway?
- 19:35Speaker 3: Let's get to now the important part, which is what
- 19:39Speaker 3: does this mean? That it gives you a whole toolkit,
- 19:42Speaker 3: our whole explanation and a whole roadmap for what to
- 19:45Speaker 3: do next? What does this mean and what could you do?
- 19:48Speaker 3: It says here you may find that some employees still
- 19:52Speaker 3: get stuck, or that women are less likely to advance.
- 19:55Speaker 3: What do you do about that? Increase fairness and remuneration
- 19:59Speaker 3: reviews by reducing discretion. This could include introducing a step
- 20:04Speaker 3: based pay system with an automatic annual adjustment and delinking
- 20:09Speaker 3: performance from pay. So, in other words, ditch performance pay.
- 20:15Speaker 3: On what planet are we living? When a government tells
- 20:18Speaker 3: a business not to performance pay its staff. What if
- 20:23Speaker 3: you're shit at your job? I'm sorry, I don't care
- 20:25Speaker 3: if you're a man or a woman. What if you're
- 20:27Speaker 3: bad at your job? Oh well, she's got boobs. Tick
- 20:31Speaker 3: the box, give her the right, give her the raise.
- 20:33Speaker 3: I mean, I just don't understand this, But then maybe
- 20:37Speaker 3: I'm not meant to. It's twenty one away from six
- 20:41Speaker 3: shown to our reporters around the country. Black Ben's in
- 20:43Speaker 3: duned and Blake disbelief over a theft at a primary school.
- 20:47Speaker 3: What's this about?
- 20:48Speaker 5: Yes?
- 20:49Speaker 11: This is the broad Baying School, which has had a
- 20:50Speaker 11: number of expensive tool stolen, including a weed eater, leaf blower,
- 20:54Speaker 11: and lawn mower. They're used by the enviro school to
- 20:57Speaker 11: maintain its gardens, which students actively use as part of
- 21:00Speaker 11: the Garden to Table program. Otidra Peninsula Community Board Chair
- 21:03Speaker 11: Paul Pope says people go out of their way to
- 21:06Speaker 11: contribute to their schools, which is why thefts like these hurt.
- 21:09Speaker 11: Principal Rebecca Gilbertson says they'll be relying on locals to
- 21:12Speaker 11: bring tools from home for their working be next Sunday,
- 21:15Speaker 11: adding the community has responded with warmth and kindness. She's
- 21:19Speaker 11: thankful for the police help as they investigate.
- 21:22Speaker 3: That's terrible house. So were that blake.
- 21:24Speaker 11: We'll be a bit of a cloudy morning here with
- 21:25Speaker 11: rain and northeasterly is developing this afternoon.
- 21:28Speaker 3: I have eighteen thank you claires and christ Church's clear
- 21:31Speaker 3: on a wildlife park, the chief executive resigning. What are
- 21:34Speaker 3: people saying about it?
- 21:35Speaker 5: Yeah?
- 21:36Speaker 12: While the organization investigating Irana Park has spoken about Elen
- 21:39Speaker 12: Anderson's resignation, she announced yesterday she's stepping away from the
- 21:44Speaker 12: zoo here in christ Church after twenty eight years in
- 21:47Speaker 12: the top job. Staff reports of animal deaths had prompted
- 21:50Speaker 12: four separate investigations earlier this year. Some of those do
- 21:54Speaker 12: remain ongoing now. Anderson's resignation announcement interestingly doesn't mention any
- 21:58Speaker 12: of the investigations, saying now is the time for her
- 22:01Speaker 12: to focus on health and some work life balance. The
- 22:05Speaker 12: Zoo and Aquarium Association Australasia is finalizing its independent report.
- 22:10Speaker 12: It says it will be provided to the park's board
- 22:13Speaker 12: in the coming weeks. It does say it regrets to
- 22:15Speaker 12: hear of Anderson's resignation, saying she has been a dedicated
- 22:19Speaker 12: leader and thanks her for her contributions and achievements.
- 22:22Speaker 3: All right, how's your weather?
- 22:24Speaker 12: A bit of rain about to start today clearing this
- 22:26Speaker 12: evening northeasterly is becoming fresh and eighteen degrees, Thank you Max.
- 22:30Speaker 3: A caution for public servants wanting to join the he coy.
- 22:33Speaker 13: Yeah, when that he coy, of whatever size it actually is,
- 22:36Speaker 13: does get to the capital marches on Parliament, it's of
- 22:39Speaker 13: course going to be incredibly disruptive.
- 22:40Speaker 3: In Wellington.
- 22:41Speaker 13: The Public Service Association, which publicly supports the protests, is
- 22:46Speaker 13: warning its members to hide who they work for, ie.
- 22:49Speaker 13: Don't wear lanyards, ID badges, anything like that. The PSA
- 22:53Speaker 13: is still encouraging people to take part, telling them they
- 22:55Speaker 13: absolutely can do if they want to in their own time,
- 22:58Speaker 13: even if their agency department requires them to be politically neutral.
- 23:03Speaker 13: The vast majority of public servants being told to work
- 23:06Speaker 13: from home if possible next Tuesday. A lot of the
- 23:09Speaker 13: major unions in fact backing the HECOID, which is not
- 23:11Speaker 13: surprising at the pub Post Primary Teachers Association, Early Childhood
- 23:15Speaker 13: Union and zed EI are in that camp. David Seymour
- 23:19Speaker 13: this week saying students would be disadvantaged by missing out
- 23:22Speaker 13: on valuable learning time should their parents bring them along
- 23:25Speaker 13: or if they skip school to go.
- 23:27Speaker 3: So hang on. All all of the public services being
- 23:30Speaker 3: told to work from home that day if they can.
- 23:33Speaker 13: Yeah, it happens when there's a major protest or demonstration
- 23:37Speaker 13: at Parliament. If you can work from home, do so well.
- 23:40Speaker 3: If we could put up with our bridge being closed,
- 23:42Speaker 3: you guys can put up with it anyway. Next thing
- 23:44Speaker 3: you how's your with.
- 23:45Speaker 13: Her rain getting stronger as the day goes on the
- 23:48Speaker 13: High twenty.
- 23:49Speaker 3: Thank you very much. Neiva's and Norkland hay Nava.
- 23:51Speaker 14: Good morning.
- 23:52Speaker 3: So there's a few restrictions on the Franklin Road Christmas
- 23:55Speaker 3: lights this year.
- 23:55Speaker 15: Yes, Now they're going to the becon this year, starting later,
- 24:00Speaker 15: turning off sooner and also with security. So what will
- 24:03Speaker 15: happen is that it's going to run from December to
- 24:05Speaker 15: seventh I think usually it's from the first to December
- 24:08Speaker 15: and residents are going to switch the lights off around
- 24:11Speaker 15: ten pm. Used to be eleven pm. Now, the coordinator says,
- 24:15Speaker 15: there was a lot of feedback. This is on unlicensed
- 24:17Speaker 15: street vendors, so I think in previous years and last
- 24:21Speaker 15: year they had people on licensed vendor selling balloons and
- 24:23Speaker 15: food and all sorts. So the residents in the area went, hey, hey,
- 24:27Speaker 15: we don't want that happening. So the Pondsibu Business Association
- 24:31Speaker 15: is going to provide them with security as well, because,
- 24:32Speaker 15: as we all know, up and down that street on
- 24:35Speaker 15: Franklin Road in the middle of the night and they
- 24:36Speaker 15: get all those drag races and people yet the you know, yeah,
- 24:40Speaker 15: the hooligans, that's what you call them, the rolygans.
- 24:43Speaker 3: The riff raff come to Christmas. No, it's terrible, it's terrible.
- 24:46Speaker 3: They'll need and they always have a police presence there too,
- 24:48Speaker 3: don't they, which is a shame that they have to.
- 24:50Speaker 15: I've got a couple of friends that live on that
- 24:51Speaker 15: street and they just roll their eyes at the time.
- 24:54Speaker 3: Awful place to live, I think, So I hate that
- 24:58Speaker 3: a house.
- 24:58Speaker 15: The weather showers us morning and those shows will become
- 25:01Speaker 15: more frequent. This evening Auckland's High.
- 25:03Speaker 3: Twenty two brilliant. Thank you Neva. This funny text is
- 25:06Speaker 3: coming on Blake's story out of Dunedin, which was an
- 25:09Speaker 3: environmental school and they're upset because their weed eater has
- 25:12Speaker 3: been stolen. This textas says, wouldn't an environmental school use
- 25:16Speaker 3: sheep and goats instead of a weed eater? Good point?
- 25:19Speaker 2: International correspondence with ends and eye insurance, peace of mind
- 25:23Speaker 2: for New Zealand business.
- 25:26Speaker 3: It is fourteen minutes away from sex News Talk ZEBB.
- 25:29Speaker 3: So incoming president President elect Donald Trump has met with
- 25:33Speaker 3: Biden at the White House in the Oval Office fireside,
- 25:36Speaker 3: and boy Mitch mccanner is with us. That fire was
- 25:39Speaker 3: absolutely cranking. Yes, I know what is freezing over here. Ryan.
- 25:43Speaker 16: It looked like a beautiful morning in the White House
- 25:46Speaker 16: for an awkward conversation. I think we've all had awkward
- 25:49Speaker 16: meetings in our life, but perhaps not as awkward as
- 25:52Speaker 16: we expected that one to be between Joe Biden and
- 25:55Speaker 16: Donald Trump, although it seems on the surface of it
- 25:59Speaker 16: they were families. Joe Biden said to Donald Trump, well,
- 26:03Speaker 16: mister President elect, former President Donald congratulations, and he said
- 26:07Speaker 16: welcome back to the White House, and Donald Trump responded,
- 26:10Speaker 16: politics is tough in many cases, not a very nice world.
- 26:14Speaker 16: But it is a nice world today and I appreciate
- 26:17Speaker 16: it very much. So a lot of smiles and a
- 26:19Speaker 16: lot of handshakes between Donald Trump and Joe Biden, perhaps
- 26:23Speaker 16: a little bit unexpected, Ryan, seeing it seems like they
- 26:26Speaker 16: despise each other usually.
- 26:27Speaker 3: Yeah, it was a little weird, a little awkward, and
- 26:30Speaker 3: I did wonder whether they'd put this. I counted seven
- 26:32Speaker 3: logs on that fire, and I hate to keep going
- 26:34Speaker 3: on about it. Was that like a metaphor for democracy burning,
- 26:37Speaker 3: you know, it's possible.
- 26:39Speaker 16: I didn't even know it was a real fire, but
- 26:40Speaker 16: it looked very nice.
- 26:41Speaker 3: I'd rather be there this morning cranking. Let's talk about
- 26:44Speaker 3: aviation suspending flights they have out of the US to Haiti. Yeah,
- 26:49Speaker 3: that's right.
- 26:49Speaker 16: America's aviation regulator, that is, the FAA, has suspended flights
- 26:54Speaker 16: to Haiti for thirty days now. That country has been
- 26:57Speaker 16: embroiled in chaos for some time now. It's estimated by
- 27:00Speaker 16: the Yuien that more than three thoy six hundred people
- 27:03Speaker 16: have been killed in eighty since January. Essentially, the problem
- 27:06Speaker 16: is it has been overrun by gangs at the moment,
- 27:10Speaker 16: but three American aircraft Jet Blue, Spirit and American Airlines
- 27:14Speaker 16: were all hit by bullets on Monday after flying to
- 27:17Speaker 16: the capitol Porto Prince, So the FAA has now said
- 27:20Speaker 16: for thirty days no American flights are going to go there.
- 27:23Speaker 3: All right, Mitch, thank you very much for that much.
- 27:25Speaker 3: Mccnal live from New York. Just so that you know,
- 27:27Speaker 3: Jimmy Carter apparently grew up around wood burning systems throughout
- 27:31Speaker 3: his childhood, so when he got to the White House,
- 27:33Speaker 3: he installed six wooden stoves, wood stoves around the building,
- 27:38Speaker 3: So there you go. They're still in operation today. Apparently
- 27:40Speaker 3: twelve two six Brian Bridge and you're on News Talk.
- 27:44Speaker 3: Tourism numbers are out. It's not good news for the
- 27:47Speaker 3: sector as we head into summer. We're still only hitting
- 27:50Speaker 3: eighty seven percent of our pre COVID numbers. It's more
- 27:54Speaker 3: of a merit than an excellence on an NCAA exam,
- 27:57Speaker 3: you'd have to say. Migration is also declining as a
- 28:00Speaker 3: record number of kiwis leave most of them to Australia.
- 28:02Speaker 3: It's net positive for now, but reducing each month. So
- 28:05Speaker 3: could we be on the way to net zero migration
- 28:09Speaker 3: next year. And what does it mean? Mark Smiths, the
- 28:11Speaker 3: ASP senior economists, Mark, good morning, good morning, good to
- 28:14Speaker 3: hear from you. Should we be worried about this? It's
- 28:18Speaker 3: a pretty stubborn pre COVID number on migra on tourism.
- 28:23Speaker 9: Yeah, that's right in sims of the shortfall. If you
- 28:27Speaker 9: put it that way, it threes. We're broad based by
- 28:30Speaker 9: different markets, particularly Europe about thirty percent below pre COVID levels,
- 28:35Speaker 9: China about forty five, and the rest of Asia about
- 28:38Speaker 9: thirty percent as well. So it is a reasonable broad
- 28:41Speaker 9: based reason for that. Now, looking at probably the reasons, One,
- 28:47Speaker 9: the global economy stare of recovering from COVID, so it
- 28:49Speaker 9: will take some time.
- 28:51Speaker 7: Two.
- 28:51Speaker 9: New Zealand's are pretty peripheral destination for tourism the best
- 28:55Speaker 9: of times, and we're very small, only about two point
- 28:57Speaker 9: two percent of global tourism. Probably the most important reason
- 29:01Speaker 9: I think is that cost remains stubbornly high for people
- 29:04Speaker 9: getting to New Zealand were long away. New Zealand's are
- 29:08Speaker 9: recently high cost destination and air fares were still very
- 29:11Speaker 9: high as well.
- 29:12Speaker 3: So it's not us, it's them. Basically, they're in the
- 29:15Speaker 3: cost of living crisis too, and we're far away. It's
- 29:18Speaker 3: not that we've gotten ugly orly shiny during COVID.
- 29:22Speaker 9: Well I'm not so sure about that, And I mean,
- 29:24Speaker 9: there are things you can do to make sure that
- 29:26Speaker 9: you're a lot more attractive destination. Arguably, we'll probably have
- 29:30Speaker 9: some work to do as well.
- 29:31Speaker 3: Yeah, and when we are slapping on a tourist tax too,
- 29:34Speaker 3: which has yet to be felt. Let's talk about the
- 29:37Speaker 3: other elephant in the room, and that's migration. What happens
- 29:40Speaker 3: if we hit net zero next year? What does that
- 29:42Speaker 3: mean for us?
- 29:45Speaker 9: Well, yeah, migration if you like is a viewer, I
- 29:47Speaker 9: suppose again of how attractive you are, we've gone from imparible,
- 29:51Speaker 9: we're sort of at the head that the dirty stakes
- 29:54Speaker 9: very attractive now to locking at potentially net outflows next year.
- 29:59Speaker 9: Now that's really reflection of where the New Zealand economy
- 30:02Speaker 9: is real to the rest of the world, and at
- 30:04Speaker 9: the moment we're weaker and those migration flows for falling. Now,
- 30:07Speaker 9: migration is the difference between two very big numbers, and
- 30:10Speaker 9: it's certain possible we could see the outflows for next
- 30:14Speaker 9: year as well.
- 30:15Speaker 3: Next year and is that really bad? I mean, what
- 30:17Speaker 3: does it do to our GDP. Obviously it'd be good
- 30:21Speaker 3: for presumably for demand on resources like hospitals, et cetera.
- 30:24Speaker 3: But what does it do to our growth?
- 30:27Speaker 9: Yeah, I mean that's a good point. A lot of
- 30:28Speaker 9: the things, a lot of the resource utilization will ease,
- 30:32Speaker 9: so things like congestion, hospitalization that that will be easier.
- 30:37Speaker 9: The other side of the corner that will be demanded,
- 30:39Speaker 9: and the economy will be a weaker. The housing market
- 30:41Speaker 9: for example, will be a weaker as well, less demand
- 30:43Speaker 9: thousand and potentially things like for the labor market. Migration
- 30:48Speaker 9: has been a huge factor enabled New Zealand to revise,
- 30:51Speaker 9: you know, enough staff for certain worlds that might also
- 30:55Speaker 9: be an issue.
- 30:56Speaker 3: What's what's our projection for GDP for next year? In
- 30:59Speaker 3: the following.
- 31:02Speaker 9: Essentially it's been flat, well has a year or two.
- 31:05Speaker 9: We might see a bit of a rebound sort of
- 31:08Speaker 9: in the second half of next year and that should
- 31:10Speaker 9: hopefully ten around migration flows. But again it's still quite
- 31:14Speaker 9: a long way ahead and they're still quit of them, certainly,
- 31:17Speaker 9: but hopefully we're past the store of trif of the
- 31:20Speaker 9: cycle and we should start to improve by the next year,
- 31:25Speaker 9: you hope.
- 31:25Speaker 3: So Australia is looking at one point two percent for
- 31:28Speaker 3: twenty five and one point nine percent for twenty six,
- 31:30Speaker 3: so we're going to try and beat them. Some stats
- 31:32Speaker 3: up with Mark. Thank you very much, Mark Smith asb
- 31:35Speaker 3: senior economist. On those two new numbers, one tourism, the
- 31:38Speaker 3: other migration. It's eight to sex News Talks. He'd be.
- 31:42Speaker 2: Ryan Bridge, new for twenty twenty four on the early
- 31:46Speaker 2: edition with Smith City, New Zealand's furniture beds and a
- 31:49Speaker 2: playing store news Talk.
- 31:51Speaker 3: Hi'd be slicks away from sex news Talk, said, be.
- 31:53Speaker 3: The big story you'll be hearing about today out of
- 31:55Speaker 3: the US is the fact that Trump has returned to
- 31:57Speaker 3: the White House for a fireside chat with Joe and
- 32:00Speaker 3: boy was that fire cranking? Ryan, The fireplace looks so
- 32:05Speaker 3: hot in that photo. I've done a Google image search.
- 32:08Speaker 3: None have been cranked as hard as today's fire, despite
- 32:11Speaker 3: all of the meetings with world leaders that have been
- 32:13Speaker 3: held there. So conspiracy, Ryan, Why this is from Brian?
- 32:17Speaker 3: Why is Biden meeting with a Nazi? Good question? Mike's here,
- 32:22Speaker 3: Hey Mike, good morning. Did you see that fire? Yeah,
- 32:24Speaker 3: it's it's gas.
- 32:26Speaker 14: You realize it's a gas fire.
- 32:28Speaker 3: It's not. It's a well known gas fire and been
- 32:32Speaker 3: a well known gas fight.
- 32:33Speaker 14: Well, because, of course, the first question you always ask
- 32:35Speaker 14: whenever they have those meetings in that room is you
- 32:38Speaker 14: know you have the fire going, what time of year
- 32:40Speaker 14: is it, how much heat has put out?
- 32:42Speaker 2: You know?
- 32:42Speaker 14: How do you offset it with.
- 32:43Speaker 3: The air conditions?
- 32:43Speaker 14: These are the questions you are very much So what
- 32:45Speaker 14: about how many people are in the room. You going
- 32:47Speaker 14: to realize a lot of very small room, A lot
- 32:48Speaker 14: of people in the room love journalists In terms of
- 32:51Speaker 14: is it really gas it's a gas fire? Well, of course,
- 32:53Speaker 14: it's a convincing gas fire. It's a very good gas fire.
- 32:57Speaker 14: And I'm into gas fires. Look at it, and so
- 33:00Speaker 14: the only gas fire I've ever experienced. There's a place
- 33:03Speaker 14: in New Zealand that I won't name, but it's a
- 33:05Speaker 14: very well known hotel that has a similar style of
- 33:08Speaker 14: gas fire.
- 33:08Speaker 3: Because mostly it was crackling. Are you making this up?
- 33:11Speaker 3: I'm not making it up.
- 33:13Speaker 14: It's a well known gas fire.
- 33:14Speaker 3: How does a gas fire crackle? You simply turn it up.
- 33:17Speaker 14: You simply turn it up.
- 33:18Speaker 3: Sounds like a yarn. It's not a it's the real story.
- 33:22Speaker 3: Jimmy Carter lovedood and he had them installed in the right.
- 33:26Speaker 14: Think about why it's a gas fire. You can't have
- 33:29Speaker 14: logs and things exploding out of the fireplace where world
- 33:32Speaker 14: leaders are in the room, setting the carpet on.
- 33:35Speaker 3: Fire and the curtain. I think they've cranked it that hard.
- 33:37Speaker 3: I believe that's a symbolism. I think that to say, look,
- 33:40Speaker 3: democracy is burning Trumps back in the back.
- 33:42Speaker 14: I think they want to melt his makeup. I think
- 33:45Speaker 14: there's something in that because I've never seen it that
- 33:47Speaker 14: high as well. It was major.
- 33:49Speaker 3: But that's a cool fire.
- 33:51Speaker 14: If you get a gas fire, because most gas fires.
- 33:53Speaker 3: Here take that.
- 33:54Speaker 14: You get a little tiny, pathetic flame and there's no heat.
- 33:56Speaker 3: If you can pump that.
- 33:57Speaker 14: Up, mind you think about that. They'd beyond pipes, not tanks,
- 34:00Speaker 14: because you'd be burning through a guests.
- 34:01Speaker 3: Look, honestly, I didn't give it that much thought. That's
- 34:04Speaker 3: why I'm here. Mike is with you next with all
- 34:08Speaker 3: of the good information.
- 34:11Speaker 2: For more from Early Edition with Ryan Bridge, listen live
- 34:14Speaker 2: to news Talks it'd be from five am weekdays, or
- 34:17Speaker 2: follow the podcast on iHeartRadio.