Latest / Early Edition with Ryan Bridge / Full Show Podcast: 30 October 2025

Transcript

Full Show Podcast: 30 October 2025 · Early Edition with Ryan Bridge

0:01
Speaker 1: The issues, the interviews and the insight. Ryan Bridge on
0:05
Speaker 1: early indership with are these supercenter explore are these successories
0:09
Speaker 1: and servicing all in one news talks.
0:12
Speaker 2: They'd be good morning, It's Thursday. Great to have your company.
0:14
Speaker 2: This big Fonterra call today looks like it will go
0:17
Speaker 2: through with the consumer brands and the French. We'll speak
0:19
Speaker 2: about that before six. A correspondent in the US on
0:22
Speaker 2: Hurricane Melissa. Trump meets Luxeon. Eric is cracking the whip
0:26
Speaker 2: on business and how often's too often for a war
0:30
Speaker 2: on a fitness do you reckon? We'll ask the question
0:33
Speaker 2: the agenda Thursday. The purtyes of October, Jamaicans have got
0:37
Speaker 2: the storm lost for power. This is Hurricane Melissa.
0:41
Speaker 3: Extensive flooding, infrastructure damage where we're yet to find. But
0:47
Speaker 3: in effect it does hard in our agriculture sector. But
0:49
Speaker 3: center Elizabeth's where it may. Landford is regarded as a
0:53
Speaker 3: bed basket of the country, so there will be extensive damage.
0:58
Speaker 2: To crops near heading agriculture. How this British terrorist thought
1:01
Speaker 2: she's going to die? I was feeling sick with worry.
1:04
Speaker 4: I hold what you were shaking, and I was just
1:07
Speaker 4: worried that that five this and I.
1:10
Speaker 5: They were still fright.
1:11
Speaker 2: Melissa now looking to hit Cuba the ceasefire and guards
1:15
Speaker 2: are looking a little shaky this morning. Again another strike
1:18
Speaker 2: into the blaming each other for who started.
1:20
Speaker 5: It, these events that have been occurring. The killing of
1:23
Speaker 5: a soldier in rough After it was an incident just
1:25
Speaker 5: over a week ago as well. The two soldiers were
1:27
Speaker 5: killed in the same area, definitely testing Israel's patience. And
1:31
Speaker 5: if Israel had its own where I think it would
1:33
Speaker 5: have responded much more forcefully, even potentially resumed fighting in Gaza.
1:37
Speaker 2: And it's finally happened. Donald Trump's met with our Prime
1:39
Speaker 2: Minister Christopher Luxon at Apek, just on the sidelines there,
1:43
Speaker 2: one on one chat before they went back to dinner
1:45
Speaker 2: with Cannie and Elbow and the rest of the crew.
1:48
Speaker 2: Here is Trump speaking at the dinner.
1:50
Speaker 6: I just think it's an honor to be with you.
1:53
Speaker 6: You well done a fantastic Ye have your fantastic leaders.
1:56
Speaker 6: We had a great meeting a week ago. You came
1:59
Speaker 6: all the way and there you came, dear, but this
2:00
Speaker 6: isn't quite as far. This is this time. I this time,
2:04
Speaker 6: I traveled far, but you've done a fantastic job. But
2:08
Speaker 6: we're working together on rare earths. But we're working on
2:10
Speaker 6: a lot of things together and it's all working out
2:12
Speaker 6: very well.
2:14
Speaker 1: Views and views you trust to start your day. It's
2:17
Speaker 1: earlier this ship with Ryan Bridge and r V Supercenter
2:21
Speaker 1: explore r VS accessories and servicing. Fall and One News talks.
2:26
Speaker 2: A great time yesterday on the couch yesterday afternoon, just
2:28
Speaker 2: watching Trump's entire speech to APEX. It is just truly bizarre. Anyway,
2:33
Speaker 2: we'll come back to that in just a second. In video,
2:35
Speaker 2: you know, we talk about this chip company in video
2:37
Speaker 2: that's just the superhero, the darling of the stock exchange. Well,
2:40
Speaker 2: it can do no wrong. In this morning, it's hit
2:42
Speaker 2: a market valuation of five trillion. It is the largest valuation.
2:46
Speaker 2: Well it's always been the largest valuation of any company
2:49
Speaker 2: that's ever lived. But just remember it was worth two
2:52
Speaker 2: trillion in March of twenty twenty four, four trillion in
2:55
Speaker 2: July of twenty twenty five, and now it's worth five
2:58
Speaker 2: trillion dollars. That's two hundred and ten. You need two
3:01
Speaker 2: hundred and five seventy six to hit your five trill valuation.
3:04
Speaker 2: They've done it. It also the value of this one
3:08
Speaker 2: company now exceeds entire sectors of the S and P
3:12
Speaker 2: five hundred so utilities, industrials, and consumer staples. The value
3:18
Speaker 2: of this business is worth more than the value of
3:21
Speaker 2: all of the businesses in those sectors combined. It's unreal,
3:24
Speaker 2: isn't it? Nine minutes after five? So back to our
3:28
Speaker 2: career for a second, because we've had the meeting now
3:30
Speaker 2: with Trump and well, not that we were expecting it.
3:32
Speaker 2: They downplayed it. Well, they would have known this was coming,
3:35
Speaker 2: but they sort of kept it up their sleeve. Anyway,
3:38
Speaker 2: this is Luxon apparently this is the first time I'm
3:41
Speaker 2: hearing this audio too, by the way, it's just coming
3:43
Speaker 2: fresh overnight. Lux and joking with Trump about being balled.
3:47
Speaker 2: Oh gosh, are we going to do that? Okay, here
3:49
Speaker 2: we go. Last time I spoke as presidents, he gave
3:57
Speaker 2: me grief about my hair. Okay, cool, just breaking the ice.
4:03
Speaker 2: But the real question is are you going to ask
4:05
Speaker 2: about the tariffs? It's fifteen percent. It's you know, we've
4:10
Speaker 2: already gone and bought some jets from them, some jumbo
4:12
Speaker 2: jets from them. We're buying some defense stuff. Where's our discount?
4:16
Speaker 2: Everyone else is getting discounts. Where's our discount? So are
4:19
Speaker 2: we asking about that?
4:20
Speaker 7: I can reassure you that the US administration is very
4:23
Speaker 7: very clear of the New Zealand position on tariffs. Equally,
4:25
Speaker 7: we are very very clear about their position on tariffs
4:28
Speaker 7: as well. And New Zealanders, you know, no worse off
4:32
Speaker 7: than anybody else and actually has a lower level of tariff.
4:35
Speaker 2: Yeah, but did you specifically bring it up with the president?
4:37
Speaker 7: I'm not going to go in a blow by blow
4:38
Speaker 7: because I do want to respect the privacy of conversations
4:40
Speaker 7: that we have with any leader, and that's been my
4:42
Speaker 7: long standing position. But you can imagine it was a
4:45
Speaker 7: topic of conversation over dinner with other leaders as well.
4:48
Speaker 2: That sounds like I can know to me. That sounds
4:51
Speaker 2: I can know to me. And then I guess the
4:52
Speaker 2: question is is that even a smart strategy? If you
4:54
Speaker 2: went in, you know, you just met the guy. He's
4:57
Speaker 2: quite brash, he doesn't suff for fools. And if you
5:01
Speaker 2: come in, oh, I'm from New Zealand, nice to meet you.
5:03
Speaker 2: Now you know about my tariffs. Do you think that's
5:07
Speaker 2: going to go down? Well, I don't know what would
5:09
Speaker 2: you have done? Nine to it's five eleven you're on
5:12
Speaker 2: news Talks, there'd be plenty more to come. Come up next,
5:15
Speaker 2: we'll talk about this. Erica Stanford reckons there's a bunch
5:17
Speaker 2: of businesses you're meant to go and ask before you
5:21
Speaker 2: hire a foreigner or renew a visa, you're meant to
5:23
Speaker 2: go and ask are there any beneficiaries I could hire?
5:27
Speaker 2: And apparently some businesses aren't doing that. That's next News
5:30
Speaker 2: Talks at.
5:30
Speaker 1: B The News you Need this morning and the in
5:34
Speaker 1: depth Analysis early edition with Ryan Bridge and are the
5:38
Speaker 1: Supercenter explore r VS accessories and servicing fall than one?
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Speaker 2: News Talks at B five fourteen. Nice to have your company.
5:44
Speaker 2: This morning, the Federal Reserve looked like it's going to
5:46
Speaker 2: cut a quarter of a percent at their meeting with
5:48
Speaker 2: your Own Power this afternoon. The Canadians have already done that.
5:53
Speaker 2: And do you know who don't want to be It's
5:54
Speaker 2: the Australians. So the Australians have been cutting their official
5:58
Speaker 2: cash rate like most of the rest the world. However,
6:01
Speaker 2: their inflation has come back more so than ours had
6:04
Speaker 2: and there is higher than they had expected. And what
6:06
Speaker 2: that means is that not only will they have to
6:09
Speaker 2: pause their rate cutting, but they are even now considering
6:14
Speaker 2: potentially a rate hike. Now that is not the kind
6:17
Speaker 2: of place you want to be in, and that is
6:19
Speaker 2: why the Reserve Bank will. You want it to go fast,
6:22
Speaker 2: and you want it to cut, and you want to
6:24
Speaker 2: get it as low as you possibly can. Not always
6:26
Speaker 2: the smartest strategy. It's fine four team, Ryan Bridge, Eric Stanford,
6:31
Speaker 2: Immigration Minister having a bit of a crack at employers
6:33
Speaker 2: who aren't trying hard enough to hire local workers. So
6:37
Speaker 2: these businesses could get their accreditations canceled if they don't
6:40
Speaker 2: talk to MSD properly and try and hire beneficiaries where
6:44
Speaker 2: they're supposed to. Rachel Simpson's Business end Z immigration specialist
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Speaker 2: with me this morning. Morning Rachel, good morning, how are
6:50
Speaker 2: you good? Thank you? Do you why aren't businesses doing
6:53
Speaker 2: this properly? Do you think, well, they are doing it.
6:56
Speaker 4: There's already a lad market tests within the accredited employees work.
7:00
Speaker 4: These are systems, so you have to advertise the role
7:03
Speaker 4: and you have to go tomst and have a chat
7:04
Speaker 4: with them. So I think the signal from the minister,
7:08
Speaker 4: you know, is really puts the onus on the government
7:11
Speaker 4: departments to make sure that they're timely and responsive for
7:14
Speaker 4: those requests from employers.
7:16
Speaker 2: So you're saying you are getting in touch with MSD,
7:19
Speaker 2: but MSD's just not getting back to you.
7:22
Speaker 4: Well, I think there's a few things in it, but
7:24
Speaker 4: at the hard of it, immigration is about the skills
7:26
Speaker 4: that those people bring to New Zealand. So you can
7:28
Speaker 4: go to NEST and check that. It's really about whether
7:31
Speaker 4: there's somebody with the skills that's available in the local
7:34
Speaker 4: labor market, and employers will always look locally before going
7:38
Speaker 4: to immigration. But the more extincts of it's difficult.
7:42
Speaker 2: I know. I mean, the Minister says eleven percent of
7:47
Speaker 2: these cases that she's talking about is when an employer
7:50
Speaker 2: who hadn't actually gone to MSD at all. What's that about.
7:54
Speaker 4: Well, I think that's part of the process. So it
7:57
Speaker 4: would be useful for Immigration to make sure that the
8:00
Speaker 4: guidance to employers around what's involved in those steps is
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Speaker 4: really clear to employers and make sure that employers can
8:07
Speaker 4: bring up Immigration and check on those including things like
8:11
Speaker 4: how long to wait for a response from MC.
8:13
Speaker 2: Sorry, Rachel, I just want to be really clear here.
8:16
Speaker 2: So are you saying that there's a problem on MSD's side,
8:19
Speaker 2: or are you saying, actually, yeah, there's a few businesses
8:22
Speaker 2: who probably aren't doing it right and we need to
8:24
Speaker 2: fix that.
8:26
Speaker 4: Oh, it's probably a mix of both, to be honest. Okay,
8:29
Speaker 4: so we both did it clear on the process.
8:32
Speaker 2: Everyone needs to up their game. Yeah, okay, all right, good, well,
8:36
Speaker 2: let's do that because we need to hire Kiwis before
8:39
Speaker 2: we hire foreigners. Part of the problem this country's got.
8:41
Speaker 2: In fact, if you look, that was Rachel Simpson, by
8:44
Speaker 2: the way, Business News, that immigration specialist. The problem that
8:47
Speaker 2: we've gotten this country, which Erica Stanford points out, So
8:50
Speaker 2: since we brought in the invest that the accredited employer
8:55
Speaker 2: worked visa scheme, since the first one was issued back
8:58
Speaker 2: in twenty twenty two, we've got twenty thousand more Kiwis unemployed.
9:05
Speaker 1: News Talks, heb the first word on the News of
9:09
Speaker 1: the Day early edition with Ryan Bridge and r V
9:12
Speaker 1: Supercenter explore RV's accessories and servicing fall in one News
9:17
Speaker 1: Talks ab it.
9:18
Speaker 2: Is five nineteen on News talks 'b So Luxe and
9:20
Speaker 2: Trump have had a quick pull aside in the meeting
9:22
Speaker 2: room and then apparently entered the Grand Hall together for
9:26
Speaker 2: dinner because they were both running a little bit late.
9:28
Speaker 2: So that's all a bit cute, isn't it. Ryan, Absolutely,
9:31
Speaker 2: no waytees Dean, No way should Luxon have gone and
9:35
Speaker 2: hard and raise the tariff thing in a first meeting
9:37
Speaker 2: like that, especially a pull a sided at dinner. He
9:40
Speaker 2: needs to build a relationship first, for goodness sake. Someone
9:42
Speaker 2: else says, take Trump to the TURRETI golf course, that'll
9:45
Speaker 2: sort it out. Here was Trump yesterday talking about how
9:48
Speaker 2: he does trade deals and the difference between business deals
9:51
Speaker 2: and trade deals.
9:52
Speaker 6: And we're entering a new era of trade that truly
9:54
Speaker 6: works for both sides. For got to work for everybody,
9:57
Speaker 6: you know, deals have to be good for everybody. That
10:00
Speaker 6: all the time, And I never really believed it, I'll
10:02
Speaker 6: be honest. They said, Oh, if you make a great deal,
10:05
Speaker 6: the best deals are deals that work for everybody, especially
10:07
Speaker 6: when you're talking about nations. You know, when you're talking
10:10
Speaker 6: about nations, it really is a little bit different than
10:12
Speaker 6: you're doing a business deal and you want to just
10:15
Speaker 6: rip their hearts out right. These guys know what I mean.
10:19
Speaker 6: They've ripped out so many hearts. But when you have nations,
10:23
Speaker 6: it's a little bit different. You know, it's got to
10:26
Speaker 6: you got to balance out a little bit, Bryan.
10:29
Speaker 2: I'll lead us a little bit. Though it is twenty
10:31
Speaker 2: a half to five. Everyone hates getting a warrant of fitness,
10:34
Speaker 2: don't you. So why is anyone going to say that
10:37
Speaker 2: spacing them out is not a good idea? Buy a
10:39
Speaker 2: new car. You can keep your first warrant of fitness
10:42
Speaker 2: for four years. Cars age between four and ten years.
10:45
Speaker 2: That only need to take every two years. This is
10:47
Speaker 2: the government's proposals. Currently, all vehicles WEIS died after the
10:51
Speaker 2: year two thousand. You need a yearly WAFT. Terry Collins
10:54
Speaker 2: is principal policy advisor at AA and joins me this morning.
10:57
Speaker 2: Hate Terry, Yeah, good morning. Any problems with this.
11:02
Speaker 8: Well, and we serve out our members and unfortunately, what
11:06
Speaker 8: they said to us is a third of as support,
11:08
Speaker 8: a third of pose, and a third are unsure. So
11:10
Speaker 8: it leaves us kind of wondering having a look here.
11:13
Speaker 9: I know, and I.
11:14
Speaker 8: Think that's to do with perhaps some of those age
11:16
Speaker 8: or the length of time that the warrants been done.
11:19
Speaker 8: What we know is about forty percent of the vehicles
11:21
Speaker 8: fail the warrant when it gets inspected for the first time.
11:24
Speaker 8: And I think with the shorter periods, and this is
11:25
Speaker 8: the work that we have to do further work on.
11:28
Speaker 8: Is that a lot of people go, I get what
11:30
Speaker 8: warrant on every six months, it looks like the tires
11:32
Speaker 8: are going out the warrants next month. I wait till
11:34
Speaker 8: you get the warrant, so I can extend my warrant
11:37
Speaker 8: period out with the good tires as long as possible.
11:40
Speaker 8: If we move to a year, people may go, well,
11:42
Speaker 8: it's seven months there before I get my world. I'd
11:44
Speaker 8: better put those tires on now instead of waiting, because
11:47
Speaker 8: I'll be completely baled when they're done. So we've got
11:49
Speaker 8: a work around those psychological triggers of the ages and
11:52
Speaker 8: what they will do. But I mean, on my own
11:55
Speaker 8: personal circumstances, I've got a ninety seven motorcycle. I've got
11:58
Speaker 8: done every six months, did over the winter, I put
12:01
Speaker 8: up the most expensive tires and look after you think
12:05
Speaker 8: it just seems crazy to do it every six months.
12:07
Speaker 8: But as I said, we've just got to work out
12:09
Speaker 8: because of that high failure rate on first expections about
12:12
Speaker 8: what this age difference is going to do.
12:15
Speaker 2: Do we basically we are we saying we kind of
12:18
Speaker 2: need the reminder of it.
12:19
Speaker 8: Almost we do what's coming through as our members as
12:23
Speaker 8: they do like they have the reminder and they do
12:25
Speaker 8: like the he of all things paper and the digital one.
12:28
Speaker 8: They come to rely upon looking up in the window,
12:30
Speaker 8: seeing when it's due and then arranging accordingly with it.
12:34
Speaker 8: We do know with the newer vehicles they've got service plans,
12:36
Speaker 8: so they're regularly going in every fifteen thousand kilometers or
12:39
Speaker 8: something like that and getting inspected. So the roadworthy is
12:43
Speaker 8: a strong case for longer period.
12:45
Speaker 2: You can't terry completely unrelated and very quickly. In the
12:49
Speaker 2: UK yesterday on the show, we were talking about headlights
12:52
Speaker 2: have gone led and the UK government's investigating them because
12:55
Speaker 2: they're too bright for people. It's dangerous.
12:58
Speaker 8: Do you have any We're getting that. There's a number
13:01
Speaker 8: of studies done on it. What happens and particularly as
13:04
Speaker 8: you age, your ability to handle the light changes. And
13:09
Speaker 8: two things have happened. One is we've made it brighter
13:11
Speaker 8: LEDs and we've put them in taller vehicles, our SUV
13:15
Speaker 8: so we've moved away from the big sedan to the
13:17
Speaker 8: taller suv. So we've elevated the lights and.
13:19
Speaker 2: We've made we need do we need to do something?
13:22
Speaker 8: Well, look we follow international standards and we go to lighting.
13:26
Speaker 8: So I think the UK looking at it. They're a
13:28
Speaker 8: major car manufacturer, just like the Japanese and the Americans,
13:32
Speaker 8: and everybody's looking at the actual feature right now and
13:35
Speaker 8: the bright lights.
13:36
Speaker 2: Well they're annoying.
13:38
Speaker 8: Here's the kicking they are. But they work really well
13:40
Speaker 8: for you if you're driving. They just don't work very
13:42
Speaker 8: well for other people who are also on the road.
13:45
Speaker 8: So it said, we've got to get somewhere in the middle.
13:47
Speaker 2: Which is a bit of a problem. Terry, appreciate your
13:48
Speaker 2: time this morning. Thank you. Terry Collins, Principal Policy Advisor
13:51
Speaker 2: for the AA, twenty four minutes after five, News Talk said,
13:55
Speaker 2: B we'll get to the US on Hurricane Melissa after
13:58
Speaker 2: the news at five thirty and then before six o'clock. Well,
14:02
Speaker 2: we've got a whole lot more about that big fond
14:04
Speaker 2: here a deal which is likely to go through today.
14:06
Speaker 2: We'll get a result, News Talks heb.
14:08
Speaker 1: The early edition full the Show podcast on iHeartRadio powered
14:12
Speaker 1: by News Talks IV.
14:14
Speaker 2: Five twenty six. News Talks said, B, you know how,
14:17
Speaker 2: we're a big free trade country. It's our thing. We
14:19
Speaker 2: explort a lot, we earn a lot we sell, we
14:22
Speaker 2: get richer, and you want open supply chains, you want
14:25
Speaker 2: free movement of goods across borders and through the ocean,
14:28
Speaker 2: et cetera, et cetera.
14:29
Speaker 9: We like it.
14:29
Speaker 2: It's what we want. Well, today Trump and She of
14:32
Speaker 2: China are finally going to sign a deal. Well we
14:35
Speaker 2: hope that they will sign a deal or the framework
14:38
Speaker 2: of a deal to finally bring an end to this
14:40
Speaker 2: trade war. And this should in theory benefit both of them,
14:44
Speaker 2: the region, and then by extension US. This is a
14:47
Speaker 2: good thing. We're also today going to likely see our
14:51
Speaker 2: dairy consumer brands sold off to the French and a
14:53
Speaker 2: deal worth north of four billion dollars, an incredible sum
14:58
Speaker 2: of money. Also, you go to say a good thing.
15:02
Speaker 2: Yesterday Westpac came out with some research which was actually
15:05
Speaker 2: quite interesting. I was going to mention it earlier in
15:06
Speaker 2: the program. They reckon our GDP wasn't actually that bad
15:09
Speaker 2: in the Durn quarter, you know the blip, you know,
15:12
Speaker 2: the horror show. They revised down their estimate of a
15:16
Speaker 2: zero point nine percent backwards read to just zero point
15:21
Speaker 2: one percent backwards. I know, quite the revelation they reckon
15:25
Speaker 2: It all came down to an accounting glitch to do
15:28
Speaker 2: with the closure of Marsden Point refinery in Northland. This
15:31
Speaker 2: was several years ago. It's an interesting story interest dot
15:35
Speaker 2: Co Doon is they go and have a look of it,
15:36
Speaker 2: Go and have a look at it. In all of
15:38
Speaker 2: these stories, though, there are two ideologies playing out. Are
15:42
Speaker 2: we this free trade, open the door, globalist sort of
15:45
Speaker 2: a country, or are we the Winston Peters protections, don't
15:49
Speaker 2: sell your milk brands, keep Marsden Point open for goodness sakes?
15:55
Speaker 2: What kind of country are we? Are we New Zealand first,
15:58
Speaker 2: because the moral country out there who are protecting themselves,
16:02
Speaker 2: the greater the argument comes for us to actually do
16:05
Speaker 2: the same, you know, and we are quite vulnerable those
16:08
Speaker 2: trade routes that I spoke about, those supply chains when
16:11
Speaker 2: they break down. It's a bit like a computer, great
16:14
Speaker 2: thing or a cell phone, wonderful thing while it's working,
16:17
Speaker 2: and once it goes to put you shick it. So
16:22
Speaker 2: what sort of a country are we? We are kind
16:24
Speaker 2: of facing and grappling with that question almost on a
16:27
Speaker 2: weekly basis at the moment twenty eight minutes after five,
16:30
Speaker 2: Brian Bridge, here's what Donald Trump thinks of us. This
16:34
Speaker 2: is his comments after meeting with lux and overnight and APEC.
16:38
Speaker 2: Have a listen.
16:43
Speaker 6: NA.
16:44
Speaker 2: Last time I spoke as president, he gave me grief
16:46
Speaker 2: about my hair is the hair is beautiful. Twenty nine
16:52
Speaker 2: minutes after five. By the way, we had a pulse auction.
16:56
Speaker 2: You know how we do the dairy auction every fortnight.
16:59
Speaker 2: We had a pulse auction yesterday and it was backwards again,
17:02
Speaker 2: so down one percent on the previous full auction. Down
17:07
Speaker 2: one point five percent in New Zealand dollar terms, overall
17:10
Speaker 2: prices down nine percent for the year now, and you
17:14
Speaker 2: will kind of need them to come back or start
17:16
Speaker 2: to come back if you want to hit that ten
17:18
Speaker 2: dollars per kilogram of milk solid promise. Coming up to
17:25
Speaker 2: five point thirty News TALKSVB. We're in the US.
17:27
Speaker 1: Next get ahead of the headlines on early edition with
17:38
Speaker 1: Bryan Bridge and r V Supercenter explore RVs accessories and
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Speaker 1: servicing all in one News TALKSTB.
17:51
Speaker 2: Twenty four to six News Talks THEB great to have
17:53
Speaker 2: you come here this morning. We'll look at the Fonterra
17:55
Speaker 2: farmer deal with the French. Coming up before six o'clock.
17:58
Speaker 2: Also in the US for Hurricane Melissa, did you know
18:00
Speaker 2: that the natural increase in New Zealand's population has now
18:03
Speaker 2: exceeded the net gain for migration for the first time.
18:07
Speaker 2: What does that mean? We're having more babies than we
18:10
Speaker 2: are importing them. I suppose you could say, so, this
18:14
Speaker 2: is STATSY and Z figures. So population increase, that's your
18:17
Speaker 2: number of births minus your number of deaths twenty one
18:20
Speaker 2: thousand for the last year. Okay, so we're having twenty
18:23
Speaker 2: one thousand babies or birth minus deaths. Then you gain
18:28
Speaker 2: from migration, which is your long term arrivals minus your
18:31
Speaker 2: long term departures. That's dropped right down to thirteen thousand,
18:35
Speaker 2: seven hundred. So we're almost having twice as many as
18:39
Speaker 2: we are replacing ourselves twice as fast as we are importing.
18:43
Speaker 2: I suppose you could say outside COVID just generally, that
18:47
Speaker 2: is the slowest rate of population growth overall since way
18:52
Speaker 2: back in twenty twelve, which is why they reckon that.
18:55
Speaker 2: You know, once we do open the floodgates and the
18:57
Speaker 2: migration does turn back on, migration will drive a hell
19:02
Speaker 2: of a lot of our you know, basically our offspring
19:05
Speaker 2: and our population growth for years to come. In fact,
19:08
Speaker 2: if you look at Auckland. In Auckland, already forty three
19:11
Speaker 2: percent of Aucklander's are born overseas, twenty two away from
19:17
Speaker 2: six News Talks there b Rosy Leishman for Dneedin this morning, Rosie,
19:20
Speaker 2: good morning, good morning. Demand for generators they're still quite high.
19:25
Speaker 10: Yes, So, Southland and Cluther still remain under a state
19:29
Speaker 10: of emergency where thousands are without power. Safety continues to
19:34
Speaker 10: be a concern for PowerNet crews due to the large
19:36
Speaker 10: number of downed power lines, broken poles and trees tangled
19:40
Speaker 10: in lines.
19:41
Speaker 2: Clue.
19:42
Speaker 10: The District Councils added one hundred thousand dollars to its
19:45
Speaker 10: Marror Relief Fund for recovery ef it's people in Lawrence
19:48
Speaker 10: and Papa Nui are still asked to conserve water, and
19:52
Speaker 10: Southland Civil Depends is reminding residents that they can access
19:55
Speaker 10: almost twenty different community hubs for showers and power.
19:59
Speaker 2: Right, how's your weather.
20:01
Speaker 10: It's mainly fine today with a chance of an evening shower.
20:04
Speaker 10: Westley's from late morning in a high of eighteen degrees.
20:07
Speaker 2: Thank you, Rosie clear she would and christ Church morning, Claire,
20:10
Speaker 2: good morning. Now what's gone on with this music festival?
20:13
Speaker 11: What is going on with this. This has been a
20:15
Speaker 11: six month long battle to get resource consent for Rolling Meadows.
20:20
Speaker 11: Of course, Rolling Meadows has been held at wipe At
20:22
Speaker 11: a north of christ Church for a few years now,
20:25
Speaker 11: but it's been trying to move to a new site
20:28
Speaker 11: at Bottle Lake Forest here in christ Church. This resource
20:32
Speaker 11: consent application was first lodged with christ Church City Council
20:35
Speaker 11: in April. We now know that it will be able
20:38
Speaker 11: to go ahead, but after several hurdles and some stricter rules,
20:42
Speaker 11: including a two am curfew for all of the stages.
20:45
Speaker 11: The Rolling Meadows director Jamie Moyer says they had originally
20:49
Speaker 11: hoped to get a ten year consent but have settled
20:52
Speaker 11: with three. He says that was a concession they just
20:55
Speaker 11: simply had to make. They are looking at applying for
20:57
Speaker 11: an extension on that consent after this year as a head,
21:00
Speaker 11: hopefully successfully.
21:02
Speaker 12: Moyer says.
21:03
Speaker 11: The stage closing earlier is a bit of a shame
21:05
Speaker 11: that the buzz of being in christ Church does outweigh
21:08
Speaker 11: that certainly.
21:09
Speaker 2: Well. How's you wear?
21:09
Speaker 11: The clear fine northwesterly is strong a bit later today
21:13
Speaker 11: and an maximum of twenty Thank.
21:14
Speaker 2: You very much, mex and weilling to mix. I saw
21:16
Speaker 2: Andrew Little went with a labor mate.
21:18
Speaker 13: Aim, yeah, exactly, a bit of pretectable Andrew Little. They're
21:23
Speaker 13: making a couple of announcements yesterday, as you say, one
21:26
Speaker 13: a little safe labor councilor. Ben McNulty will be his
21:29
Speaker 13: deputy mayor. They know each other well, they're both labor.
21:32
Speaker 13: There might be a little bit of criticism from certain
21:33
Speaker 13: people of there now being two white guys in the
21:36
Speaker 13: top roles, but look, we just had two women, and
21:38
Speaker 13: who cares. McNaughty smashed his council race, regaining his seat
21:41
Speaker 13: by the largest majority since the single transferable voting began.
21:45
Speaker 13: He's big on social media, he's still pretty young, worked
21:49
Speaker 13: in financial services.
21:50
Speaker 2: But look yeah.
21:51
Speaker 13: The other more interesting announcement was Little saying all key appointments,
21:54
Speaker 13: like the deputy mayor, committee appointments, committee chairs, they're only
21:59
Speaker 13: going to be for eighteen months, and so after that
22:01
Speaker 13: period McNulty and Little both reckon he will make way
22:05
Speaker 13: for someone else. McNulty other counselors clearly being kept on
22:08
Speaker 13: their toes. An interesting tactic, but makes sense. I suppose
22:12
Speaker 13: in the context that Little is new to the job.
22:14
Speaker 13: He doesn't know very well, some of these counselors. The
22:17
Speaker 13: first full meeting is in three weeks.
22:19
Speaker 2: Okay, I suppose you don't want to trust them. You know,
22:21
Speaker 2: if you don't know them, you don't trust them. So
22:24
Speaker 2: how's your weather, max?
22:25
Speaker 13: Yeah, three years can be a long time. Fine nor
22:27
Speaker 13: Westerly sixteen the high, brilliant.
22:29
Speaker 2: Thank you. I see. This is what something that's always
22:32
Speaker 2: fascinated me. Can you have two men? Of course you can, yes,
22:35
Speaker 2: because you can have two women. But it used to
22:37
Speaker 2: happen in news. One time I present the news alongside
22:40
Speaker 2: Duncan Garner. Oh and there were people saying, oh, you
22:43
Speaker 2: can't do that because it's two men.
22:45
Speaker 14: You're true there, But if you do.
22:48
Speaker 2: Have two women, you can have two men, surely exactly.
22:52
Speaker 14: You can have a park here, you can have you know, because.
22:54
Speaker 2: They've just had two women, they can have two men.
22:56
Speaker 14: Yes, I'm having this conversation asleep for goodness, say heavy Thursday, everybody,
23:04
Speaker 14: all right, we'll tell.
23:05
Speaker 2: Us about your news.
23:07
Speaker 14: Okay, Well, I'm going to talk about Auckland Council because
23:10
Speaker 14: it's launched a new tool and online tool and it
23:13
Speaker 14: can show flood risks and coastal erosion areas. So This
23:16
Speaker 14: is great news. Yes, it's not boring because it's going
23:19
Speaker 14: to help homeowners understand the natural hazards of their homes.
23:22
Speaker 14: So obviously this tool follows the twenty twenty three floods
23:26
Speaker 14: and new planning rules that restrict development in these areas,
23:29
Speaker 14: you know, the areas that are vulnerable to natural disease.
23:32
Speaker 2: Now that's good, that's good. Hope it'll make it simple
23:34
Speaker 2: for it because a lot yes, they do have tools
23:36
Speaker 2: at the moment, but.
23:37
Speaker 14: They just too Yeah, exactly, so that one there, I'm sure,
23:39
Speaker 14: but a lot of homemowner is people go to that.
23:41
Speaker 2: How's our weather, Okay.
23:43
Speaker 14: Cloudy, isolated chils mainly in the afternoon. Hey, light winds
23:47
Speaker 14: light keyword since we've had such strong winds over the
23:50
Speaker 14: last week. So Hi of nineteen.
23:51
Speaker 2: Good to see neither eighteen minutes away from six year.
23:54
Speaker 2: On news talks, they've been we'll find out about the
23:56
Speaker 2: very strong winds Hurrican Melissa next with a US correspondent,
24:00
Speaker 2: and before six o'clock this morning, we'll talk the Fonterra
24:03
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Speaker 1: Store International correspondence with ins and Eye Insurance Peace of
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25:18
Speaker 2: Go to Mague with correspondent Nick Harper, who's joining us.
25:20
Speaker 2: Hurrican Melissa has been making lamb fall over Jamaica. Also
25:24
Speaker 2: see it to hit Cuba. Nick, what's the latest here, Yeah.
25:27
Speaker 12: Ran, it's very much born the brunt of Hurricane Melissa.
25:30
Speaker 12: Jamaica absolutely slammed by this Hurragon. It hit the island
25:34
Speaker 12: as a Category five hurrican, the highest category. It's the
25:37
Speaker 12: worst ever to hit Jamaica. The word devastated being used
25:41
Speaker 12: a lot. The Prime Minister of the country. He's declared
25:44
Speaker 12: the country to now have a disaster area across the
25:48
Speaker 12: entirety of the island. About eighty percent of it is
25:50
Speaker 12: without power. We're also told that large parts of it
25:54
Speaker 12: are underwater. The storm has decreased slightly. It's now a
25:58
Speaker 12: Category three hurricane and it's passed over Cuba, also causing
26:02
Speaker 12: plenty of damage there and now on its way to
26:04
Speaker 12: the Bahamas. We're told more hurricane conditions are expected there,
26:08
Speaker 12: potentially life threatening storm surges, plenty of flooding, potentially lots
26:12
Speaker 12: of rain, and maybe storm surges of around seven feet
26:15
Speaker 12: hitting the coastal areas of barnas the nick.
26:18
Speaker 2: Meanwhile, South Korea, we've got to api CON and they
26:20
Speaker 2: highly anticipated many courses between Trump and choosing Ping of China,
26:24
Speaker 2: and we are expecting some sort of a deal or
26:27
Speaker 2: a framework of a deal to be signed. Well, that's
26:30
Speaker 2: the plan.
26:30
Speaker 12: Donald Trump seems very optimistic going into this. It'll be
26:33
Speaker 12: the first face to face meeting with the Chinese leader
26:36
Speaker 12: of his second term. And really they've spent months haggling
26:40
Speaker 12: over trying to get tariffs down. If they don't do
26:42
Speaker 12: a deal in just a few days, then we could
26:44
Speaker 12: see tariffs in excess of one hundred percent placed on
26:47
Speaker 12: goods between both sides. It would mean essentially trade between
26:51
Speaker 12: the world's two largest economies shut down. So they're trying
26:54
Speaker 12: to avoid that. Do some sort of deal reduce the
26:56
Speaker 12: tariff rates. But there are plenty of problems in amongst
27:00
Speaker 12: all of this, In particular rare earths, the type of
27:03
Speaker 12: things that the US economy needs to keep electric vehicles
27:06
Speaker 12: running and high tech products. China has a stranglehold of
27:10
Speaker 12: exporting those minerals. Donald Trump wants more of them, and
27:13
Speaker 12: he also wants China to borm buy more agricultural products.
27:17
Speaker 12: US farmers are very much struggling at the moment as
27:19
Speaker 12: a result of all of this trade dispute. They are
27:22
Speaker 12: due to meet Thursday morning. We'll see if a deal
27:24
Speaker 12: can get done. But Donald Trump at this stage seems
27:26
Speaker 12: to be suggesting that hours of talks with the Chinese
27:29
Speaker 12: leader coming up will bear fruit and we should see
27:32
Speaker 12: a deal getting done.
27:33
Speaker 2: Nick. Thank you, Nick harper Our, US correspondent, twelve to six.
27:36
Speaker 2: Ryan Bridge, signs are looking good for Fontira's consumer brands
27:40
Speaker 2: selling after the French getting the green light This morning
27:42
Speaker 2: will now at around ten forty five. Gary Raima is
27:46
Speaker 2: that Fontira shear holder end supply joining us this morning morning? Gary, right,
27:51
Speaker 2: good to have you on the show. So what are you, Ricka?
27:53
Speaker 2: And it seems like it's kind of a foregone conclusion.
27:56
Speaker 2: What's you'll read on it?
28:00
Speaker 9: You can never say never, can you? But yeah, I
28:04
Speaker 9: hear a few farmers who tell me they're going to
28:07
Speaker 9: vote against it, but by a large majority are seen
28:11
Speaker 9: to accept management in the boards rationale for games going
28:16
Speaker 9: ahead with it with the sale.
28:17
Speaker 2: Yes, which way did you vote? Carry? Can?
28:19
Speaker 4: I ask?
28:20
Speaker 6: Oh?
28:20
Speaker 9: Yeah? More happy to say I voted in favor why.
28:27
Speaker 9: That was one of the one of the one of
28:28
Speaker 9: the tipping points for me was that it is only
28:33
Speaker 9: seven percent of our milk going into into the brand's business,
28:36
Speaker 9: and I thought, so it's not taking out a big
28:39
Speaker 9: chunk of our milks apply you know, lack Parlas should
28:41
Speaker 9: want to source their milkoutsewhere, And I don't know why
28:43
Speaker 9: they would because they like our our carbon footprint, which
28:48
Speaker 9: you know, the same with newscas to all these companies.
28:50
Speaker 9: They want to get our products. We've got to lower
28:52
Speaker 9: carbon footprints for taking users as part of the marketing.
28:55
Speaker 9: So I don't think they'd never walk away from our milk,
28:57
Speaker 9: but it was still affecting my consideration. But the other
29:03
Speaker 9: part too, I think it takes a lot of noise
29:07
Speaker 9: out of the farmer arena as well when we operate
29:10
Speaker 9: business for business rather than business consumer and and there's
29:14
Speaker 9: a lot of other things farmers can deal without having
29:16
Speaker 9: to worry about whether people complain about the price of butter.
29:21
Speaker 2: That's a very good point one well made. Gary. What
29:24
Speaker 2: do you think farmers are going to do with the proceeds.
29:27
Speaker 2: I mean there's a lot of there's a lot of
29:29
Speaker 2: on farm cost increases that you've been wearing for years.
29:32
Speaker 2: Now do you payoff some mortgage? You know, do you
29:35
Speaker 2: pump it back in? What happens to it?
29:38
Speaker 9: Yeah? I think there'd be a wide range of things.
29:41
Speaker 9: I mean, what do you need to remember as well?
29:43
Speaker 9: And what people need to remember. They think, oh, it's
29:45
Speaker 9: going to be a windfall for farming. Yes for some farmers,
29:48
Speaker 9: and may well be, but they'll be pretty long in
29:50
Speaker 9: the tooth. When Fromterira formed, and I'm not one hundred
29:55
Speaker 9: pier and the numbers anymore, but we were roughly thirteen
29:59
Speaker 9: billion leaders and we've climbed over twenty billion meters. The
30:02
Speaker 9: share price when Fonterra was formed was four dollars a
30:05
Speaker 9: kilo and the climb to eight dollars a kilo. So
30:08
Speaker 9: a lot of that new milk was paid for make
30:14
Speaker 9: by shares, which farmers have to have, you know, one
30:17
Speaker 9: shar or used to have to have one share for
30:19
Speaker 9: every kg mook follows. So that milk or that increased
30:24
Speaker 9: production was brought out between four and eight dollars a
30:27
Speaker 9: share price. So all this is doing is returning to
30:30
Speaker 9: capital that some of those farmers probably paid four or
30:32
Speaker 9: six or seven dollars for and bringing it back down
30:35
Speaker 9: and say they have carried it dead in the balance
30:37
Speaker 9: sheet and now they're going to repay some of that
30:40
Speaker 9: debt because the share price has been a lot lower.
30:44
Speaker 9: It's back up of six, but it will also drop
30:46
Speaker 9: back down. So you know, all of this is replacing
30:49
Speaker 9: capital on the balance sheet that was there taken away,
30:51
Speaker 9: and then we'll be taken away again after after the distribution.
30:56
Speaker 2: Very great perspective. Thank you, Gary Rama. Fonterra shareholder supply
31:00
Speaker 2: voted yes. We'll know the results by eleven am. It's
31:03
Speaker 2: eight to six News Talk sead B on.
31:06
Speaker 1: Your radio and online on iHeartRadio Early edition with Ryan
31:11
Speaker 1: Bridge and are the Supercenter explore the accessori's hand servicing
31:16
Speaker 1: all in one news Talk sed B News Talks.
31:19
Speaker 2: Heb it is six minutes away from six. Here's a
31:21
Speaker 2: little bit of Trump yesterday, I think giving an impersonation
31:24
Speaker 2: of Modi from India. You know they're worrying.
31:27
Speaker 6: They're strong people. I'll tell you what pre minise Emodi
31:31
Speaker 6: is the nicest looking guy. He says, Oh, he looks
31:35
Speaker 6: like you'd like to have your father. Like he's a killer.
31:38
Speaker 6: He stuff as well, No, we won't fight. They said, Wow,
31:43
Speaker 6: this is the same man that I.
31:44
Speaker 1: Know, Ryan Bridge.
31:45
Speaker 2: So this is after his told Apex and all the
31:48
Speaker 2: world's leaders that he has solved eight wars in eight months.
31:51
Speaker 2: He was quite happy about that. It is five minutes
31:54
Speaker 2: away from six now, Mike's in the studio, Morning, Mike Morning.
31:56
Speaker 15: I watched that speech, and do you think people are
31:59
Speaker 15: too polite to mate? I've heard this like nine hundred
32:02
Speaker 15: times before.
32:03
Speaker 2: I was thinking this yesterday. If you were there watching
32:06
Speaker 2: that speech live, I mean I personally would be enthralled
32:09
Speaker 2: woil just at the performance of it. To be in
32:11
Speaker 2: the same room, in the same room, and also to
32:14
Speaker 2: have the sky yelling at all these world leaders saying
32:17
Speaker 2: I've solved three thousand years of At least you know.
32:20
Speaker 15: It's not true. I know it's just a mate, He's
32:24
Speaker 15: that fine line between. I mean, I admire him because
32:28
Speaker 15: some of the stuff he says is true, and that said,
32:29
Speaker 15: this is part of his problem. But a lot of
32:31
Speaker 15: some of the stuff he says is actually accuracy. A
32:33
Speaker 15: lot of it isn't. And so in with the accuracy
32:36
Speaker 15: is they're just the fantastical nonsense totally. But once you've
32:39
Speaker 15: heard it, and I've heard it, Lord knows how many times.
32:42
Speaker 15: Now I'm thinking, mate, get some fresh material. You Are
32:47
Speaker 15: you excited about the vote today?
32:49
Speaker 2: Well, I mean in the sense that it's going to happen.
32:53
Speaker 2: I think. So it's a fuegone conclusion.
32:55
Speaker 15: Do you think it's a full gone conclusion if you
32:58
Speaker 15: were a farmer? This is what I've been thinking about,
33:01
Speaker 15: because I'm against the sale, right, so I would vote against.
33:04
Speaker 2: This, would you? Yes? I would? But but your little
33:07
Speaker 2: protectionist No.
33:08
Speaker 15: But if I was thinking to myself, Fan four hundred thousand,
33:12
Speaker 15: I read a very good piece yesterday, and they make
33:14
Speaker 15: it not long ago, a couple of years ago from
33:16
Speaker 15: Terra was hopeless, right, absolutely hopeless.
33:19
Speaker 2: What's to say.
33:21
Speaker 15: They're not hopeless still? And they're making a strategic mistake
33:24
Speaker 15: that ten years time again a.
33:25
Speaker 2: Lot of their money I mean, and that this is
33:26
Speaker 2: what Myles Harrison, a lot of their money now. The
33:28
Speaker 2: actual massive margins are coming from the I'm hugging every day.
33:33
Speaker 15: But only you got to have a buyer for that,
33:35
Speaker 15: And like tarleists are going, yeah, we'll give you ten
33:37
Speaker 15: years and then maybe we won't give you anymore. Anyway,
33:39
Speaker 15: You're right, I mean, it will go through. But it's
33:41
Speaker 15: an interesting subject. I nice to see you off another
33:43
Speaker 15: one of your holidays.
33:45
Speaker 2: I still fewer breaks the new total bollocks right, I'll
33:52
Speaker 2: see you in a couple of days. Everybody.
33:56
Speaker 1: For more from Early Edition with Ryan Bridge, listen live
33:59
Speaker 1: to News Talk said Be from five am weekdays, or
34:02
Speaker 1: follow the podcast on iHeartRadio