Latest / Early Edition with Ryan Bridge / Full Show Podcast: 18 March 2026

Transcript

Full Show Podcast: 18 March 2026 · Early Edition with Ryan Bridge

0:01
Speaker 1: The issues, the interviews and the insight. Ryan Bridge on
0:05
Speaker 1: earlier is show with one roof love where you live
0:09
Speaker 1: news talks.
0:09
Speaker 2: There'd be good morning, just gone six after five, the
0:11
Speaker 2: Rbas lifting the cash right across the ditch. Why we're different,
0:15
Speaker 2: Mike Jones from the B and Z with us before six,
0:17
Speaker 2: Gavin Graham the uk Zelenski's in town. There there's a
0:20
Speaker 2: fight on for Chinese students. And we'll speak to Stu Hamilton,
0:23
Speaker 2: the Mercury boss on Geo Thermal, the agenda Wenesday, the
0:28
Speaker 2: Adam for March's good to have your company. Trump's just
0:30
Speaker 2: been talking. He says he's disappointed with NATO for not
0:33
Speaker 2: stepping up in the Strait.
0:35
Speaker 3: I think NATO's making a very foolish mistake. And I've
0:39
Speaker 3: long said that, you know, I wonder whether or not
0:42
Speaker 3: NATO would ever be there for us. So this is
0:45
Speaker 3: a This was a great test because we don't need them,
0:47
Speaker 3: but they should have been there.
0:49
Speaker 2: Now. Two big personnel hits overnight. Israel reckons it's killed Larajani.
0:53
Speaker 2: This is around security chief.
0:54
Speaker 4: This morning we eliminated Ali Lani. Ali Larijani is the
0:58
Speaker 4: boss of the Revolutionary Gods, which is the gun of
1:02
Speaker 4: gangsters that effectively runs Iran. We also eliminated alongside him
1:06
Speaker 4: the Bassage commander, who are the assistants of these gangsters
1:10
Speaker 4: spreading terror in the streets of Tehran and other cities
1:13
Speaker 4: of Iran against the population.
1:15
Speaker 2: Got a bit more background on Larry Johnny for you
1:17
Speaker 2: on a second Trump's top counter terrorism This is the
1:20
Speaker 2: other big head overnight counter terrorism official has quit since
1:23
Speaker 2: there was no threat from Iran, and this.
1:25
Speaker 5: Is the first resignation we've seen in connection to the
1:29
Speaker 5: President's decision to begin this war in Iran with Israel,
1:32
Speaker 5: and as we've been talking about for weeks now, incredibly
1:35
Speaker 5: controversial because President Trump still hasn't answered many of those
1:38
Speaker 5: questions as to why exactly he started this war.
1:41
Speaker 2: He is answering questions at the White House at the moment.
1:43
Speaker 2: Will bring you more of that laid out talk of
1:45
Speaker 2: boots on the ground that's upset around the Deputy Foreign Minister.
1:48
Speaker 6: Even suggesting that foreign country can put the boots on
1:54
Speaker 6: the ground of another country, invade another country, occupied the
1:57
Speaker 6: land of another country. Is I'm seeing very much all
2:01
Speaker 6: very luckless illegal and against all international no.
2:06
Speaker 2: Lot his staying in the United States shock horror. In Utah,
2:10
Speaker 2: a mother who wrote a children's book about grief after
2:13
Speaker 2: the sudden death of her husband has been found wait
2:15
Speaker 2: for it, guilty of his murder. She poisoned him with
2:18
Speaker 2: a ventanyl juice.
2:19
Speaker 7: They said Richards killed her husband for money while planning
2:23
Speaker 7: to start a new life with a new man.
2:27
Speaker 1: Get ahead of the headlines on early edition with Ryan
2:31
Speaker 1: Bridge and one roof Love where you.
2:34
Speaker 2: Live News talk sed me quite extreme? Why not just
2:37
Speaker 2: get a divorce? You know you need to kill the guy.
2:40
Speaker 2: Time is eight minutes after five nine nine two is
2:43
Speaker 2: the number of text this morning, love to hear from you.
2:45
Speaker 2: So we've got a Reserve Bank decision here next week.
2:48
Speaker 2: We're currently at two point twenty five percent. Now. The
2:50
Speaker 2: RBA across the Tasman yesterday lifted their official cash rate
2:54
Speaker 2: to four point one percent. But remember their inflations much
2:58
Speaker 2: higher than ours. They're currently it about well close to
3:01
Speaker 2: four percent. Three point eight percent is their headline rate,
3:04
Speaker 2: so higher than ours, and that's why they're having to hike. Plus,
3:08
Speaker 2: you've got a government over there that's spending a lot
3:11
Speaker 2: more than our government, well certainly not splashing the cash
3:14
Speaker 2: like our government here hasn't been, and this was an
3:18
Speaker 2: expected number that they were going to hike. They'll have
3:20
Speaker 2: another one after it. It's Australia related, not Middle East related.
3:25
Speaker 2: Is the point of this because everyone there's a couple
3:28
Speaker 2: of central banks this week doing an official cash rate review,
3:31
Speaker 2: and everybody's looking and going what are they thinking about
3:36
Speaker 2: central banks about what's happening in the Middle East? Is
3:38
Speaker 2: it going to be inflationary? I had a look at
3:41
Speaker 2: the notes from the RBA yesterday to try and glean
3:43
Speaker 2: some answers on that exact question, and they say it's
3:46
Speaker 2: likely inflationary, but also, as they always do, say could
3:50
Speaker 2: tip completely the other way. Now we're in a very
3:54
Speaker 2: different position here because and we're still expected to hold
3:57
Speaker 2: that our meeting next month, hold the oce are Our
4:01
Speaker 2: current inflation is a touch over where it should be
4:03
Speaker 2: three point one percent. So that's what I'm saying, completely
4:07
Speaker 2: different kettle of fish over there than what it is here,
4:10
Speaker 2: and that's why you have seen an increase. Be interesting
4:13
Speaker 2: to see obviously what the Monetary Policy Committee here thinks
4:17
Speaker 2: about all of this, But just from what you have
4:19
Speaker 2: a quick read, a cursory glance at what the Australians
4:22
Speaker 2: have done. They say likely inflationary, but as I say,
4:26
Speaker 2: could go either way. Time is ten and after five
4:30
Speaker 2: Bridge Mike Jones about that from being Zdies on the
4:32
Speaker 2: show just before six this morning. Coming up next it
4:35
Speaker 2: is the Mercury Boss. Stu Hamilton joins us on Shane
4:39
Speaker 2: Jones and his geothermal push all ahead.
4:43
Speaker 1: On your radio and online on Iheard Radio early edition
4:47
Speaker 1: with Ryan Bridge and one roofe Love Where You Live.
4:51
Speaker 2: News talks had been five point thirteen Global dairy trade
4:54
Speaker 2: auction overnight upero point one percent well, which is not
4:59
Speaker 2: to be scoffed because it's still an increase. We've had
5:01
Speaker 2: an increase in every option this year after it started
5:04
Speaker 2: sliding at the end of last year. But at down
5:06
Speaker 2: point nine percent. The ones we really care about, the
5:10
Speaker 2: ones we sell the most of skim milk powder up
5:12
Speaker 2: five point two, whole milk powder though downpoint are sorry
5:15
Speaker 2: down four and mozzarella is up just to half a percent.
5:20
Speaker 2: Brian Bread Resources Minister Shane Jones putting money into Geo
5:24
Speaker 2: Thermal with a plan to double generation by twenty forty
5:27
Speaker 2: to fifty million has been set aside, nearly half already
5:30
Speaker 2: committed It includes loans for new plants and Cowardo and
5:34
Speaker 2: funding for exploration in the Bay of Plenty. Ste Hamilton
5:38
Speaker 2: is the Mercury Energy CEO and joins me this morning. Morning,
5:41
Speaker 2: step Good morning Ryan. Good to have you on the show.
5:44
Speaker 2: What did you think of the announcement.
5:46
Speaker 8: It's exciting. We're a massive supporter of gssemill keep part
5:50
Speaker 8: of our energy portfolio and we think it's got a
5:53
Speaker 8: great role to play in the future of the Zealand
5:55
Speaker 8: celtrist industry.
5:56
Speaker 2: You've just opened a new unit at your plant, haven't you?
5:59
Speaker 2: And done it in two years? Built it in two years?
6:01
Speaker 2: Are they easy to build? They can be quite challenging.
6:05
Speaker 8: It depends on how well you know the resource or
6:08
Speaker 8: where the hot rock and where the porous rock is
6:10
Speaker 8: to be able to pull the hot water out of
6:13
Speaker 8: the ground and plug it into your plant. So but
6:15
Speaker 8: for us, that the natan Riki plant that we opened yesterday,
6:17
Speaker 8: that that took from the moment that when you sort
6:20
Speaker 8: of spark the idea to the moment we sparked the
6:22
Speaker 8: electrons into the grid. This less than two years, which
6:24
Speaker 8: is which is a really great project.
6:26
Speaker 2: We struggle to build roundabouts in that timeframe. What how
6:29
Speaker 2: do you how do you find the hot rock versus
6:31
Speaker 2: the poorest rock? Like, is that the hard part?
6:34
Speaker 8: That is the hard part, and that was part of
6:36
Speaker 8: It's a big part of this gfm OR strategy is
6:38
Speaker 8: helping to de risk that initial upfront finding of the
6:42
Speaker 8: hot rock because gfm will really needs when you're tapping
6:45
Speaker 8: into the Earth's battery, you need to find this hot rock.
6:47
Speaker 8: That also needs to be porous because what you're doing
6:50
Speaker 8: is you're pulling hot water out of the ground. You
6:52
Speaker 8: knew that hot water to flow past that porous hot rock,
6:55
Speaker 8: and so that kind of exploration drilling is really a
6:58
Speaker 8: key cost up front that has been sort of helped
7:01
Speaker 8: and dear risks through this plan.
7:02
Speaker 2: How do you so, why does it need government money
7:05
Speaker 2: to do it? Is it because otherwise it would be
7:08
Speaker 2: too expensive for you to go looking for hot rock.
7:11
Speaker 8: That's right, when you're drilling a whole. The toles are
7:14
Speaker 8: talking about drilling, they're about twenty million dollars a hole,
7:17
Speaker 8: and you need to find about it needs to drill
7:19
Speaker 8: about twenty to maybe about twenty of those holes for
7:22
Speaker 8: a gfm OR field. So you're talking about a massive
7:25
Speaker 8: investment to actually do exploration and it's quite possible that
7:28
Speaker 8: when you invest at three or four hundred million that
7:30
Speaker 8: you might not find the rock that you need. So
7:33
Speaker 8: it is exploration and that's where this money can help.
7:36
Speaker 2: How much do you empower? Will we get out of
7:38
Speaker 2: this new unit that you've started?
7:41
Speaker 8: The power it's coming out when you combine that whole
7:43
Speaker 8: site that produces enough electricity to power about one hundred
7:48
Speaker 8: and fifty thousand houses, which is equivalent of christych So
7:52
Speaker 8: these gentle plants can provide significant power. But also the
7:56
Speaker 8: really good thing about them is it provides a twenty
7:58
Speaker 8: four to seven so it doesn't matter what the season's
8:00
Speaker 8: are doing or what the weather's doing. It just produces clean,
8:03
Speaker 8: reliable energy twenty four hours a day.
8:06
Speaker 2: Just finally, I know that prices are going up for
8:08
Speaker 2: your customers nearly ten percent on average from first of April.
8:11
Speaker 2: Are you going to increase that any further this year
8:14
Speaker 2: or are you going to do it in April next year?
8:17
Speaker 8: Nor reassss it every year, So we'll reassess it an
8:21
Speaker 8: April year next year. And that really takes it to
8:23
Speaker 8: account a few things, one of which is the wholesale
8:26
Speaker 8: price of electricity, but also it takes into account what's
8:28
Speaker 8: happening with lions charges and transmission costs because there's a
8:32
Speaker 8: fair amount of investments going on to that and new
8:34
Speaker 8: yeand at the moment or.
8:34
Speaker 2: Two, appreciate your time. Ste At Hamilton, Chief Executive At
8:37
Speaker 2: Mercury time is sixteen after five, Bryan Bridge. Beefments. Everyone's
8:42
Speaker 2: talking about beefments and the only thing that's good on
8:45
Speaker 2: is toast. In my opinion, Well, unless you're having a hamburger,
8:47
Speaker 2: I suppose, and that's part of the problem. That's why
8:50
Speaker 2: this price is going up four dollars sixty a kilo
8:53
Speaker 2: in a year is because the Americans love a hamburger.
8:57
Speaker 2: We export most of it. I think eighty percent of
8:59
Speaker 2: our gets exported. And you've got weak global supply, herd
9:04
Speaker 2: numbers down in the US, heard numbers down in Australia.
9:07
Speaker 2: When you have strong demand, then you have a reduction
9:10
Speaker 2: and supply you have an increase in price. We will
9:12
Speaker 2: talk about that with began zed later in the show too,
9:14
Speaker 2: seventeen after five and coming up next we I've got
9:18
Speaker 2: more numbers for you from yesterday. But also I want
9:21
Speaker 2: to talk to you about China and the students because
9:26
Speaker 2: the average student coming from China spends more than students
9:30
Speaker 2: coming here from India or basically anywhere else. But we're
9:34
Speaker 2: in a global fight for them. There's some competition heading up.
9:37
Speaker 2: We'll talk about that next.
9:39
Speaker 1: News and Views you Trust to start your day. It's
9:42
Speaker 1: early edition with Ryan Bridge and One Room Love where
9:46
Speaker 1: you Live.
9:47
Speaker 2: News talks had been twenty after five. I cannot in
9:50
Speaker 2: good conscience support the ongoing war in Iran. This is
9:53
Speaker 2: the words of Joe Kent, director of National counter Terrorism
9:56
Speaker 2: Center in the US. You put a social media post up,
9:58
Speaker 2: he says, I can't do this. There was no threat
10:01
Speaker 2: from Iran to our nation, so I'm quitting. Trump's just responded, well, I.
10:05
Speaker 3: Read a sab and I always thought it was a
10:07
Speaker 3: nice gaye, but I always thought he was weak.
10:09
Speaker 2: On forgive me here he is again.
10:14
Speaker 3: Well, I read his sab and I always thought he
10:16
Speaker 3: was a nice guy, but I always thought he was
10:18
Speaker 3: weak on security, very weak on security. I didn't know
10:23
Speaker 3: him well, but I thought it seemed like a pretty
10:25
Speaker 3: nice guy. But when I read a statement, I realized
10:29
Speaker 3: that it's a good thing that he's out, because he
10:32
Speaker 3: said that Iran was not a threat. Iran was a threat.
10:37
Speaker 3: Every country realized what a threat.
10:39
Speaker 2: Around was there you go, that's Trump a few minutes
10:42
Speaker 2: ago at the White House Bridge. We're in a global scramble.
10:46
Speaker 2: For Chinese students, stakes are quite high as well. China
10:49
Speaker 2: still makes up about thirty five percent of our international students.
10:52
Speaker 2: That's a third of the three and a half billion
10:55
Speaker 2: dollar industry. But fewer young people in China, as you know,
10:58
Speaker 2: more countries competing pipeline under pressure. Alistair Crozier is with
11:02
Speaker 2: the New Zealand China Council Executive director. Alistair good morning,
11:06
Speaker 2: Good morning Ryans. Have we got lots of competition? Who
11:09
Speaker 2: are we talking the Aussies, Canada, the US.
11:13
Speaker 9: That used to be the competition. We always focused on
11:15
Speaker 9: those traditional destinations. But what we're finding now is that
11:19
Speaker 9: sort of Big four English speaking countries have expanded into
11:24
Speaker 9: about fourteen. They include countries in Asia like Singapore, countries
11:29
Speaker 9: and continental Europe like Germany and France. So yes, it
11:32
Speaker 9: is a very cosive market.
11:34
Speaker 2: So what do we do to stay competitive?
11:38
Speaker 9: Well, look, there's a number of things New Zealand's doing.
11:40
Speaker 9: The first is we have to ensure that our visa
11:45
Speaker 9: settings and these are processing times remain world class. We
11:51
Speaker 9: have to be more flexible in what we're delivering. Chinese
11:55
Speaker 9: families are now asking for more education delivery up in China,
11:58
Speaker 9: and so we have to be on top of that
12:00
Speaker 9: trend and respond to that. And we're doing well there.
12:05
Speaker 9: And we also have to present a wider value proposition.
12:09
Speaker 9: You know, it's not just what's in the classroom, but
12:11
Speaker 9: what happens after the final exam. What can we do
12:16
Speaker 9: to maintain those students in our country to grow our productivities.
12:20
Speaker 2: How much of it is about the reputation of our
12:23
Speaker 2: education versus US as a destination or a place to
12:27
Speaker 2: be living.
12:28
Speaker 9: I think it's a mix of everything. I think if
12:31
Speaker 9: you ask the sector, they will say in China we
12:35
Speaker 9: are not regarded as a premium education delivery based on
12:40
Speaker 9: global rankings, but that is it's a bit skewed because
12:44
Speaker 9: that's because of our small scale and a lot of
12:46
Speaker 9: these rankings are calculated by the number of PhDs or
12:51
Speaker 9: the number of US and that where we perform really
12:54
Speaker 9: well is in safety and you know, geopolitical students. It's
13:01
Speaker 9: tough for a Chinese student heading to the States these days.
13:04
Speaker 9: Parents don't want to risk that. And we also compete
13:08
Speaker 9: really really well on lifestyle in clean environment, great things
13:13
Speaker 9: to do here, so it's a total value package.
13:17
Speaker 2: Alistair, I appreciate your time this morning. Thanks for being
13:19
Speaker 2: with me. Alistair Crozier, the New Zealand China Council executive Director.
13:22
Speaker 2: It's twenty three minutes after five Bridge. Now to everybody
13:26
Speaker 2: who's texting and about Chippy, why aren't you talking about Chippy?
13:30
Speaker 2: What's to say? You know what's to say? There's everybody
13:35
Speaker 2: knows what the allegations are. Everybody has seen his response.
13:39
Speaker 2: I mean it's not it's not nice to look at
13:41
Speaker 2: someone crying at parliament. Is that it's a bit ugly,
13:44
Speaker 2: it's a bit messy, it's a bit personal, it's a
13:46
Speaker 2: bit their business. Doesn't mean only I've got them on
13:49
Speaker 2: my show later on in the Herald. I'll definitely ask
13:52
Speaker 2: him questions about it, don't don't you know? Don't think
13:55
Speaker 2: I won't. But what do you what do we want
13:58
Speaker 2: from this? What are we going to get from this?
14:01
Speaker 2: Do we think he's a bad person because something might
14:06
Speaker 2: have happened during a breakup in a relationship. Who hasn't
14:09
Speaker 2: had a messy breakup in a relationship. He has denied
14:13
Speaker 2: that there was situation going on with an intern What
14:18
Speaker 2: more do we want? Would be my question? Twenty four
14:20
Speaker 2: after five News TALKSB the early.
14:23
Speaker 1: Edition full the show podcast on Imart Radio. How It
14:26
Speaker 1: by NEWSTALKSB.
14:29
Speaker 2: Five twenty six News TALKSB. This is a message toward you,
14:32
Speaker 2: Jerry can fillers out there going down to the petrol
14:35
Speaker 2: stations and pumping it into filling your boots. Panic buying
14:40
Speaker 2: does the opposite of what you are trying to achieve.
14:42
Speaker 2: The more you panic, the bigger the chance of a shortage.
14:45
Speaker 2: The bigger the chance of a shortage, the more expensive
14:47
Speaker 2: this whole thing becomes. Yes, we have basically lost twenty
14:51
Speaker 2: percent of the world's all supply, but that means we
14:53
Speaker 2: still have eighty percent, isn't it. Let's look on the
14:55
Speaker 2: bright side, glass half full. We're more affected here, of course,
15:00
Speaker 2: because of the Asian refineries, but if you listen to
15:02
Speaker 2: the oil analysts and the importers, the message is pretty simple.
15:06
Speaker 2: The current price spikes are more likely to be affected
15:10
Speaker 2: by panic buying and perhaps even price garging by the
15:13
Speaker 2: petrol stations than by an actual supply shortage. So we
15:19
Speaker 2: just need to one keep calm, stay cool, two keep
15:22
Speaker 2: the petrol stations. Honest, in longer term, we need to
15:25
Speaker 2: look at storage. Marsden Point is doing this building more
15:29
Speaker 2: and trying to build more. When you close down a refinery,
15:32
Speaker 2: the problem is you get less storage as a result.
15:34
Speaker 2: Australia now has two refineries left in operation. Twenty years
15:37
Speaker 2: ago they had eight. That's affected their ability to store
15:40
Speaker 2: as well. Our oil reserves are not actually massive by
15:44
Speaker 2: international standards, so we need to store more in the future.
15:47
Speaker 2: Japan has two hundred and fifty days of storage of reserves,
15:52
Speaker 2: South Korea has two hundred days, China one hundred and twenty,
15:55
Speaker 2: India fifty to sixty. New Zealand a month and a
15:57
Speaker 2: month on the water. Eventually, you would hope the oil
16:03
Speaker 2: producers who aren't affected by what's going on in the
16:05
Speaker 2: Middle East will up supply, including the US, and they
16:08
Speaker 2: will raise their output and you'll have some probably more
16:11
Speaker 2: embargoes lifted on Russian oil. They'll be loosened and we'll
16:14
Speaker 2: get more that way. Until then, let's not create a
16:18
Speaker 2: self fulfilling prophecy and leave the Jerry Cans at home.
16:21
Speaker 2: Bryan Bridge, twenty eight minutes after five, Trump, by the way,
16:25
Speaker 2: is talking about taking Cuba.
16:29
Speaker 3: I do believe I'll be the honor of taking Cuba,
16:32
Speaker 3: taking Cube in some form, you know, taking Guber.
16:34
Speaker 1: I mean whether I free it, take it.
16:38
Speaker 3: I think I could do it anything I want with it.
16:39
Speaker 2: You want to know the truth, Okay, So that's he said. Basically,
16:44
Speaker 2: I can do whatever I want after a run. So
16:47
Speaker 2: it's all It's open season on whoever might be a
16:51
Speaker 2: communist regime looking a little shaky with a power blackout
16:54
Speaker 2: right now, very quickly. Lots of feedback on Chris Hopkins,
17:00
Speaker 2: Ryan one hundred percent re Chippy, who hasn't been through
17:03
Speaker 2: a messy breakup? Leave them alone. I think this country
17:06
Speaker 2: has bigger fish to fry. I think there is there
17:08
Speaker 2: are bigger fish to fry. There are a lot bigger
17:10
Speaker 2: fish to fry. And seeing Chris Hopkins crying at Parliament,
17:15
Speaker 2: I mean, does that make anyone happy? You know? Like,
17:18
Speaker 2: is this anyone on the right of politics who enjoys
17:22
Speaker 2: seeing that? I don't think so. And what is the
17:25
Speaker 2: legitimate question that you would ask News Talk ZB Where
17:29
Speaker 2: to the b n Z and the UK next.
17:41
Speaker 1: The news you need this morning and the in depth
17:44
Speaker 1: analysis early edition with Ryan Bridge and One Room Love.
17:49
Speaker 2: Where you live News talks EDB pretty far away. We
18:00
Speaker 2: just talk said beef mints, then oil inflation with Mike
18:03
Speaker 2: Jones from the B and Z's Before six Gavin Graham
18:06
Speaker 2: the UK for US. Robbie Williams is coming to New Zealand,
18:09
Speaker 2: going to christ Church's News Stadium. That's pretty cool. I've
18:12
Speaker 2: been to a press conference with Robbie Williams once years
18:15
Speaker 2: ago at the Northern Club, you know where people who
18:18
Speaker 2: hate New Zealand first light to go have a wine
18:20
Speaker 2: of an evening, went to the Northern Club, went to
18:23
Speaker 2: the press conference. Very entertaining guy, literally, as the song says,
18:28
Speaker 2: very entertaining guy. Quite a you know, as you know,
18:32
Speaker 2: quite a storied history and more recently has had been
18:35
Speaker 2: in the headlines for some weird stuff like ozempic and
18:38
Speaker 2: a whole bunch of things. Anyway, he's coming to New
18:40
Speaker 2: Zealand and will be the opening popping the cherry of
18:44
Speaker 2: the new christ Stadium as the International Act. So that's
18:47
Speaker 2: pretty cool. Lots of texts about Chippy Ryan, the Chippy situation,
18:53
Speaker 2: and there's so many different views on this. Someone says
18:56
Speaker 2: Adrian says, yes, I enjoy seeing that monster crying Arlam
19:00
Speaker 2: and it's made me very happy. Adrian, I think that's
19:02
Speaker 2: a bit sad. And this other Texter makes the point. Ryan,
19:07
Speaker 2: the COVID years, his performance as a minister, it was
19:10
Speaker 2: so dark, so horrible, so awful that seeing him getting
19:15
Speaker 2: something back, I just don't think that's a good way
19:18
Speaker 2: to live your life. You know, this is a personal
19:21
Speaker 2: thing that's going on. Clearly doesn't mean you don't ask
19:24
Speaker 2: questions about it, but I just don't think that that's
19:26
Speaker 2: a healthy way to be thinking about the whole thing. Ryan,
19:29
Speaker 2: would you want a super emotional prime minister like Chippy
19:33
Speaker 2: crying in public all the time? Well, he wouldn't be
19:36
Speaker 2: the first prime minister to cry, and he wouldn't be
19:39
Speaker 2: the first leader to shed a tear. Is there something
19:43
Speaker 2: wrong with getting emotional? I mean, I don't know if
19:46
Speaker 2: something like that was happening to you, and it was
19:48
Speaker 2: happening in public, and it was happening in real time,
19:51
Speaker 2: would you not maybe shed a tear?
19:52
Speaker 5: Too?
19:55
Speaker 2: Bad?
19:55
Speaker 1: Rich?
19:55
Speaker 2: Twenty two away from six Right, let's go to Jamie
19:58
Speaker 2: Denied and Jamie Goodmore.
20:00
Speaker 10: Good morning.
20:01
Speaker 2: What's happening at otago Uni?
20:03
Speaker 10: Well, otago Uni was ready to go on, starting the
20:07
Speaker 10: postgraduate diploma for Psychologists Assistance last month, but it's had
20:12
Speaker 10: to push that out a year because it's Psychologists Board
20:15
Speaker 10: application wasn't accredited in time. Now the sectors strongly resisted
20:20
Speaker 10: the plan, fearing psychology assistance could replace the more rigorously
20:24
Speaker 10: trained psychologist workforce. It suggests attention should instead turn to
20:29
Speaker 10: why psychologists are leaving the public system. However, Mental Health
20:33
Speaker 10: Minister Matt Doocey claims the move will reduce vacancies and
20:37
Speaker 10: wait times and improve outcomes. How's the weather rain developing
20:42
Speaker 10: this morning, clearing early afternoon but remaining cloudy. Northeasterly is
20:46
Speaker 10: changing southeast lees and are high of.
20:48
Speaker 2: Twenty All right, let's go to clear in christ Its morning, clear,
20:52
Speaker 2: Good morning. So what's this gang thing happening last month?
20:56
Speaker 7: Yeah, there's an update in this story. We basically have
20:59
Speaker 7: three three men who have had charges upgraded to murder
21:02
Speaker 7: following this gang at altercation that happened in the suburb
21:05
Speaker 7: of Northcote last month. Robert high Mona who was battling
21:09
Speaker 7: cancer at the time, He died in hospital following the
21:12
Speaker 7: attack on February twenty five, eight days after he was
21:15
Speaker 7: injured in the altercation. The details of the altercation remain
21:18
Speaker 7: a bit sketchy, but we do know that there was
21:20
Speaker 7: a firearm involved and it was at a property on
21:22
Speaker 7: Howani Street. During the hearing in court yesterday, a person
21:26
Speaker 7: in the public gallery became angry, gesturing furiously at the
21:29
Speaker 7: courtroom screen and shouting at the defendants. Now, the trio
21:35
Speaker 7: were previously charged with aggravated robbery as well as wounding
21:39
Speaker 7: high Mona. They've been granted interim name suppression and have
21:42
Speaker 7: also been remanded in custody.
21:44
Speaker 2: All right, how's the weather there?
21:45
Speaker 7: Clear CLARNEI with occasional rain about from this morning. Should
21:48
Speaker 7: clear this afternoon northerly changing southerly and a high twenty four.
21:53
Speaker 2: Enjoy the day, Max and Wellington Morning, Max, good morning.
21:56
Speaker 2: Questions about this more point inquiry in the post this morning?
22:01
Speaker 11: About this five hundred five thousand I should say three
22:04
Speaker 11: hundred and sixty five dollars a day Crown review into
22:07
Speaker 11: more points sewage disaster, of which we've heard very little.
22:11
Speaker 11: It is headed by a former Wellington Water director who
22:14
Speaker 11: was a director for a year, which we weren't entirely
22:18
Speaker 11: aware of before. It's not expected to determine the mechanical
22:21
Speaker 11: or technical cause of the wastewater plant's failure. We still
22:24
Speaker 11: have no idea why this thing happened, when it's going
22:26
Speaker 11: to stop, when the smell's going to stop, the lack
22:28
Speaker 11: of communication and clear answers is really starting to frustrate
22:33
Speaker 11: some locals.
22:33
Speaker 2: So what is this review?
22:34
Speaker 11: An expensive way to say we're doing something, an expensive
22:37
Speaker 11: way for the council and Wellington Water to shift the
22:39
Speaker 11: focus during.
22:40
Speaker 2: A PR disaster for a while.
22:42
Speaker 11: The review, according to its terms, may engage with the community.
22:46
Speaker 11: No obligation to hold hearings in public, so behind closed doors,
22:50
Speaker 11: well paid officials are going to do. What determined that
22:53
Speaker 11: more point needed more funding over the past few years
22:56
Speaker 11: is that it some questions being asked at the moment.
22:58
Speaker 11: This may how's the cloudy this morning? Find this afternoon? Gustine?
23:03
Speaker 11: Nor the least twenty? They thank you Max, and never's
23:06
Speaker 11: not good morning?
23:06
Speaker 2: Never good morning, Sez. It was like watching something out
23:08
Speaker 2: of a Hollywood movie. This police chase.
23:10
Speaker 12: Yes, oh why, I totally agree with you. It was
23:13
Speaker 12: like Jukes of Hazard. So four men are in custody.
23:16
Speaker 12: This is after a home invasion and a collision filled
23:20
Speaker 12: race right across Auckland. Now it started with police. Now
23:23
Speaker 12: they were called to how It's bleak House Road and
23:25
Speaker 12: it was very bleak, I can tell you. It happened
23:27
Speaker 12: about three yesterday afternoon. They were told that the offenders
23:30
Speaker 12: there they had a machete. Then a Ford Ranger was stolen,
23:34
Speaker 12: driven through Autata, Monaco, up the motorway into central Auckland,
23:37
Speaker 12: into Queen Street, finally stopped on K Road. I saw
23:40
Speaker 12: those cars up K Road and this included driving on
23:44
Speaker 12: the wrong side of the road at speed, collisions with police,
23:47
Speaker 12: and there were quite a few private cars vehicles that
23:49
Speaker 12: were smacked into as well. So police are asking for
23:52
Speaker 12: anyone whose vehicles were hit by this Ford Ranger, get
23:55
Speaker 12: in touch, get entire right now.
23:57
Speaker 2: I saw the video of them trying to lay police
24:00
Speaker 2: right and they just because it was a you, they
24:03
Speaker 2: just drove around on the grass.
24:05
Speaker 10: I saw that video, like.
24:07
Speaker 2: You basically bring a city to stand still when you
24:09
Speaker 2: do something like that, don't you.
24:10
Speaker 12: So I was thinking the same thing.
24:12
Speaker 2: They throw the book.
24:13
Speaker 12: Police had to, you know, widen that cord and then
24:16
Speaker 12: shut off streets and it's okay. Road was closed off,
24:18
Speaker 12: and I think most people in the area knew and
24:21
Speaker 12: because they started down South and Sylvia Park and then
24:24
Speaker 12: they were coming into the city, which is the danger zone,
24:26
Speaker 12: and poor police had to you know, like try and
24:29
Speaker 12: shut off as many streets as they could. But also
24:32
Speaker 12: to people saw like fifteen to seventeen eighteen police cars
24:36
Speaker 12: screaming through the chopper and the sky right and that's
24:40
Speaker 12: when people were like texting social media.
24:42
Speaker 2: All going on, hey h weather.
24:46
Speaker 12: Fine, fine, fine fine. Twenty four is the high today?
24:48
Speaker 12: Another great day for Dukes of Hazard Part two.
24:50
Speaker 2: Well, let's hope not neither. Seventeen away from six News talks,
24:54
Speaker 2: he'd be we'll get to the UK would gather next.
24:57
Speaker 2: There's been a bit of chatter of lately about key
24:59
Speaker 2: we savor governments, superb retirement savings more generally, and everyone's
25:03
Speaker 2: wondering what is the landscape actually going to look like
25:06
Speaker 2: when it's my turn to stop working. That's why it's
25:09
Speaker 2: good to know that your keiwisaber plan is working hard
25:12
Speaker 2: now to gain the benefits of time. And that's where
25:15
Speaker 2: Milford really proves its worth. Their investment experts are actively
25:19
Speaker 2: managing their clients' funds with a long term mindset. Data
25:23
Speaker 2: from Morningstar go and check it out. Worth noting Milford's
25:26
Speaker 2: kiwis for Saver Funds number one for performance over the
25:30
Speaker 2: past ten years in the active, growth, balanced and conservative categories.
25:35
Speaker 2: That is excellence. It's proven long term consistency and you
25:39
Speaker 2: can look for yourself at Morningstar dot com dot AU.
25:42
Speaker 2: Don't take my word for it, so let time and
25:46
Speaker 2: expertise work for you. Check out Milford Asset dot com
25:49
Speaker 2: forward slash keiwisaver past performance not a reliable indicator of
25:53
Speaker 2: future performance. Melford Funds Limited as the issue of the
25:55
Speaker 2: Milford kiwisab plan. Go to Milfordasset dot com to read
25:58
Speaker 2: Milford's keywisavi A plan, product disclosure statement and their financial
26:02
Speaker 2: Advice provided disclosure statement.
26:05
Speaker 1: International correspondence with Ensign Eye Insurance, Peace of Mind for
26:09
Speaker 1: New Zealand Business.
26:11
Speaker 2: Mike Jones being Die and Just the Sick and First
26:13
Speaker 2: Kevin Gray are UK Europe correspondent gvin Zelinsky in town
26:17
Speaker 2: and there's a new defense pack signed. Yeah, it's very interesting.
26:21
Speaker 13: This so President Blodom min Zelensky from Ukraine meeting our
26:24
Speaker 13: Prime minister in Downing Street has also already met King
26:27
Speaker 13: Charles and on the steps. It was funny they didn't
26:30
Speaker 13: talk about what they were supposed to talk about. On
26:32
Speaker 13: the steps of Downing Street, they said to the camera
26:34
Speaker 13: that the focused must remain on Ukraine despite the Iran War.
26:38
Speaker 13: Well one guess the feeling this was aimed at one
26:41
Speaker 13: dj Trump, who of course has been criticized in the
26:44
Speaker 13: UK stance and and our Prime minister yet again overnight.
26:47
Speaker 13: The Prime Minister here said that Putin can't be the
26:49
Speaker 13: one who benefits from a conflict in Iran, whether that's
26:52
Speaker 13: oil prices or the dropping of sanctions. Of course, the
26:55
Speaker 13: US is temporarily e sanctions on Russian oil in an
26:59
Speaker 13: attempt to tackle surging prices triggered by the Middle East
27:02
Speaker 13: conflict and Iran, which of course Donald Trump started. Now
27:05
Speaker 13: during the meeting, the leaders agreeing as well to what
27:08
Speaker 13: we think is going to be a new defense partnership
27:10
Speaker 13: and the aim is to develop and tackle cheap attack drones.
27:15
Speaker 13: So apparently they're going to use Ukrainian expertise and the
27:19
Speaker 13: UK's industrial base to manufacture and supply drones and other capabilities,
27:23
Speaker 13: and Britain giving a million New Zealand dollars to fund
27:27
Speaker 13: an AI Center of Excellency in.
27:28
Speaker 2: Kiev and tell us about the seats that no one
27:33
Speaker 2: likes in the parks.
27:35
Speaker 13: Well, it has become a bit of a thing around
27:37
Speaker 13: the UK, and particularly in retirement areas, where when somebody dies,
27:41
Speaker 13: in addition to a grave you might also pay for
27:43
Speaker 13: a memorial bench in a park or overlooking the sea
27:46
Speaker 13: or something like that. However, in Liverpool Hotlepool rather in
27:51
Speaker 13: the north east of England, the councils decided they're too
27:54
Speaker 13: many and they are now basically not going to take
27:58
Speaker 13: any further applications for memorial benches. Instead they're suggesting tree planting.
28:03
Speaker 13: Why well, Harleypool's not that big a place in the northeast.
28:06
Speaker 13: It already has two hundred and seventy five existing benches,
28:10
Speaker 13: and they say they are overwhelming public areas. People with buggies, pushchairs,
28:14
Speaker 13: wheelchair users are saying they can't squeeze past them, and
28:17
Speaker 13: more often than not summer adorned with flowers and with
28:20
Speaker 13: teddy bears. One described them as more like a grade
28:23
Speaker 13: than somewhere you might want to sit on. And another
28:26
Speaker 13: issue with these benches has also been quite frankly, they
28:30
Speaker 13: can restrict access for people, as we've said, but the
28:34
Speaker 13: other element to this is that they are also really
28:38
Speaker 13: providing quite a little bit of distraction to motorists as
28:42
Speaker 13: well when they see brightly colored flowers and stuff left
28:44
Speaker 13: on them. So, yeah, the Council's decided no more, at
28:47
Speaker 13: least for the moment.
28:48
Speaker 2: All right, sounds fair enough, that's givin gray A UK.
28:51
Speaker 2: You're a correspondent is a living away from six Ryan
28:54
Speaker 2: Bridgeland steak driving the laateest spike and food prices. Annual
28:58
Speaker 2: food inflation at four and a half percent for February.
29:00
Speaker 2: That's up from four point two percent in January. Mintce
29:03
Speaker 2: had a record twenty four to forty six of fruit
29:06
Speaker 2: and vegies, up nearly ten percent for the year. Mike
29:08
Speaker 2: Jones Benz, chief economist for US This morning, Morning, Mike.
29:11
Speaker 14: Good morning.
29:12
Speaker 2: The beef mince thing is a basic supply demand one,
29:15
Speaker 2: isn't it.
29:17
Speaker 14: Yeah, the global meat prices have been on the up.
29:19
Speaker 14: In infect beef prices are at record levels, largely driven
29:23
Speaker 14: out of very short supply. In the US. You've got
29:27
Speaker 14: US beef herd at the lowest level since nineteen fifty one.
29:30
Speaker 14: You've got demand in the US and China at pretty
29:33
Speaker 14: good sorts of levels, and that's squeezing prices up. Obviously
29:37
Speaker 14: good for our beef producers and exporters, but but not
29:39
Speaker 14: secret shoppers.
29:40
Speaker 2: What does it mean for because this is the SPI,
29:43
Speaker 2: not the CPI, So what does it mean for inflation?
29:46
Speaker 2: Because it feeds into it, right, it does.
29:49
Speaker 14: Yeah, I mean there's always a few sort overs and
29:51
Speaker 14: unders in the SPI. It taken as a whole, There
29:55
Speaker 14: wasn't anything in the number yesterday that to change our
29:58
Speaker 14: overall inflation view. We've got a two point nine percent
30:02
Speaker 14: CPI forecast or the first quarter that hasn't changed. Obviously,
30:07
Speaker 14: it's been overtaken by events somewhat because we know it's
30:09
Speaker 14: the second quarter that's really going to be at the
30:12
Speaker 14: brunt of the spike and petrol prices that we are seeing.
30:14
Speaker 14: So we've got three point eight percent forecast for Q
30:18
Speaker 14: two and the inflation stays above three percent now for
30:22
Speaker 14: the rest of the year on our.
30:23
Speaker 2: Numbers, do you think the governments I saw some economists
30:26
Speaker 2: es today saying the government's worst case scenario too conservative.
30:29
Speaker 2: Do you agree with them?
30:31
Speaker 14: On inflation? The worst case was was three point seven.
30:36
Speaker 14: Now our central view now, as I said, is three
30:39
Speaker 14: point eighth. So on that basis, three point seven could
30:43
Speaker 14: be a bit light. Of course, we've we've probably had
30:46
Speaker 14: the benefit of a few more days and maybe even
30:48
Speaker 14: a week of information, and what we've seen in the
30:50
Speaker 14: current environment is that forecasts and assumptions that are going
30:53
Speaker 14: out of date pretty quickly.
30:55
Speaker 2: You said above three for the rest of the year.
30:58
Speaker 2: How far above three?
31:00
Speaker 14: Four?
31:02
Speaker 8: Not above four?
31:03
Speaker 14: I mean, it's things are moving around. But we have
31:06
Speaker 14: the peak in the second court at three point eight
31:08
Speaker 14: and then coming down to just a smidge above three
31:11
Speaker 14: by the end of this year. But as I say,
31:14
Speaker 14: these things can and probably will change again as we
31:18
Speaker 14: go through.
31:18
Speaker 2: Mike, the RBA put the rate up use today, but
31:21
Speaker 2: there are different kettle of fish with their inflation rate.
31:23
Speaker 2: What do you think. I mean, although you're expecting inflation
31:27
Speaker 2: to go high, does that necessarily mean the Reserve Bank
31:29
Speaker 2: here will hike or hike higher faster or sooner?
31:35
Speaker 8: No.
31:35
Speaker 14: Like I think the ABA was interesting, and we know
31:38
Speaker 14: that the Reserve Bank here, of course, is looking to
31:41
Speaker 14: what offshore central banks do to respond to this shock.
31:44
Speaker 14: I mean, there's a pretty live debate about what you
31:47
Speaker 14: can and should do in response to a supply shock
31:50
Speaker 14: like this. I think what we'll see from the Reserve
31:52
Speaker 14: Bank of New Zealand is basically a period of watching
31:55
Speaker 14: and waiting. They've got the luxury to some extent of
31:58
Speaker 14: not having to meet announce interest rates for another three
32:03
Speaker 14: weeks or so, so the will could be quite different
32:06
Speaker 14: in three weeks time. But look, we are expecting that
32:09
Speaker 14: a move up and industrates, but but not till much
32:11
Speaker 14: later in the year in September.
32:13
Speaker 2: Mike, appreciate your analysis this morning. Thank you, Mike Jones,
32:16
Speaker 2: being z chief economists with US. It is seven away
32:19
Speaker 2: from six news talks. There'd be Mike here next.
32:22
Speaker 1: The first word on the News of the day early
32:25
Speaker 1: edition with Ryan Bridge and one roof love where you
32:29
Speaker 1: live news talks, there'd be.
32:30
Speaker 2: Five to six news talks. There'd be Mike and the studio.
32:33
Speaker 2: We're a little late to you this morning.
32:34
Speaker 15: Apologies, don't apologize.
32:37
Speaker 2: You've been busy. You changing the light bulb up there?
32:39
Speaker 2: Yeah know, and what.
32:39
Speaker 15: Didn't change the light bob just a just in the time.
32:41
Speaker 15: I do a lot of maintenance around this building, off air,
32:45
Speaker 15: just making stuff. You know, I appreciate you for granted,
32:48
Speaker 15: I did notice this.
32:49
Speaker 2: Morning that it was a bit glary in here. There's
32:52
Speaker 2: a massive spotlight on me exactly.
32:54
Speaker 15: I like a spotlight on me, You not so much
32:58
Speaker 15: hide your light under a bushel.
32:59
Speaker 2: Which will be surprising to no one listening.
33:02
Speaker 15: Does it surprise you? So let me ask you this
33:04
Speaker 15: legal question. So yesterday, the media doesn't want to deal
33:07
Speaker 15: with Hipkins and the allegations, right, yes, so they don't
33:09
Speaker 15: want it, and yet they're happy to run a live stream,
33:12
Speaker 15: and the live stream in which they run contains all
33:15
Speaker 15: the allegations you could possibly want.
33:17
Speaker 2: So I think the tipping point was him calling a
33:19
Speaker 2: public press As soon as you call a press conference
33:22
Speaker 2: to address allegations, it's basically open season.
33:25
Speaker 15: Well, why then post the press conference do they then
33:27
Speaker 15: go and repeat the story that they're not going to
33:29
Speaker 15: repeat the allegations.
33:31
Speaker 2: That was weird and selective. I noticed last night on
33:34
Speaker 2: TV three they did one allegation but not the others.
33:39
Speaker 15: So so, how can you run something life for everyone
33:41
Speaker 15: to see and then say you're not going to do it?
33:42
Speaker 2: Yeah, because you've just done it, You've don't.
33:44
Speaker 15: And that and that in it something that's an editorial problem,
33:47
Speaker 15: but apart from anything, that shows you just how phenomenally
33:50
Speaker 15: stupid the rules are in this country. They literally don't
33:53
Speaker 15: you get the fact it was all on the internet.
33:55
Speaker 15: You mean, the media rules, the mania rules what you
33:57
Speaker 15: can and can't do. Why are they saying we're not
33:58
Speaker 15: going to run the allegations.
34:00
Speaker 2: You've just run them.
34:01
Speaker 15: So either they don't know what the rules are or
34:03
Speaker 15: the rules are so convoluted that you don't want to
34:06
Speaker 15: run the risks.
34:07
Speaker 2: Are they rules or is it just defamation?
34:08
Speaker 15: Well, you know they are rules with them themselves, aren't they.
34:11
Speaker 15: Because if you're afraid the chippy is going to see you,
34:13
Speaker 15: you go, well, I'm not going to, but you just
34:15
Speaker 15: have So the whole thing's Matt anyway, We're going to
34:17
Speaker 15: look at.
34:17
Speaker 8: This this morning.
34:18
Speaker 2: Very good. But seeing him cry there, I mean it,
34:20
Speaker 2: it's just the whole thing is shocking. There are no winners.
34:23
Speaker 2: Very good, Mike, with your next have a great day.
34:30
Speaker 1: For more from Early Edition with Ryan Bridge, listen live
34:33
Speaker 1: to News Talks it'd be from five am weekdays, or
34:36
Speaker 1: follow the podcast on iHeartRadio.