Latest / Early Edition with Ryan Bridge / Full Show Podcast: 09 October 2024

Transcript

Full Show Podcast: 09 October 2024 · Early Edition with Ryan Bridge

0:01
Speaker 1: The issues, the interviews and the inside. Ryan Bridge new
0:08
Speaker 1: for twenty twenty four on the early edition with Smith City,
0:12
Speaker 1: New Zealand's Furniture Beds and Appliant Store News talks.
0:15
Speaker 2: He'd be good morning. It is six half to five
0:17
Speaker 2: news talks. They'd be on your Wednesday morning. A lot
0:20
Speaker 2: to get through today. Could mortgage interest rates actually go
0:23
Speaker 2: up after today's OCR announcement? We look at that just
0:26
Speaker 2: before six Health New Zealand's open its books. That's an
0:29
Speaker 2: absolute shambles. Doesn't know its elbow from its ahole. This
0:33
Speaker 2: turtle that's been found with oil around it an oil slick?
0:37
Speaker 2: How much damage can one thousand tons of oil do?
0:39
Speaker 2: Plus why Trump has just crossed a line into racist retro.
0:46
Speaker 1: The agenda.
0:47
Speaker 2: It is Wednesday, the ninth of October. Great to have
0:50
Speaker 2: your company this morning. Signs of a ceasefire? Is his
0:53
Speaker 2: biler waving the white flag.
0:55
Speaker 3: We support the political efforts led by President Barry for
0:58
Speaker 3: US before the Seas for any other discussion.
1:01
Speaker 2: Is no police Israel reckons. It's taken out number one
1:05
Speaker 2: and number two from Hesbeller's leadership. Hurricane Milton has reduced
1:10
Speaker 2: slightly in strength, dropping to a category four hurricane highways
1:14
Speaker 2: out of Florida have been packed with vehicles as residents
1:17
Speaker 2: try to leave.
1:18
Speaker 4: You have to evacuate.
1:20
Speaker 2: It is not survivable to survive at ten to fifteen
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Speaker 2: foot storm surge.
1:27
Speaker 5: It just simply isn't.
1:29
Speaker 2: Joe Biden's delayter planned visit overseas to oversee the hurricane preparations.
1:35
Speaker 2: A list ranking the best universities in the world is
1:38
Speaker 2: being released today, but not right now. It's been released
1:41
Speaker 2: at midday, although I do have a copy of it
1:43
Speaker 2: in my hand and I can't tell you anything about it.
1:47
Speaker 2: Are you interested? Here's three questions that you'll want answered.
1:51
Speaker 2: Does Otago get its best ever or worst ever result?
1:56
Speaker 2: Does the University of Auckland excel or tumble? Any of
2:00
Speaker 2: our universities improve their ranking this year? Nine two the
2:05
Speaker 2: number to text the full results out News Talk said
2:07
Speaker 2: be at twelve. Finally, this morning, the Australian Prime Minister
2:10
Speaker 2: Anthony Albaneze has managed to offend people with Turet's being
2:13
Speaker 2: accused of mocking those with disabilities. He was mocking his
2:16
Speaker 2: shadow treasurer Angus Taylor during question time.
2:19
Speaker 3: Have you got Turet's or something.
2:25
Speaker 1: You know?
2:26
Speaker 5: You know you see there babbo babble bab order.
2:31
Speaker 1: Get ahead of the headlines. Ryan Bridge you for twenty
2:35
Speaker 1: twenty four on early edition with Smith City, New Zealand's
2:38
Speaker 1: furniture bids and a player store News Talk said.
2:41
Speaker 2: Be not great, was it? Anyway? We spoke to you
2:44
Speaker 2: yesterday about the qv data. This is house sales and
2:48
Speaker 2: how the prices are holding up, and they have been
2:51
Speaker 2: coming back not as not down by as much last
2:54
Speaker 2: month as they were the month prior this. This morning
2:57
Speaker 2: we've got trade me property data. There asked is this
3:00
Speaker 2: a spring trend or a genuine market rebound? What's happened well? Nationally?
3:07
Speaker 2: This is ahead of the OCR announcement too. We've had
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Speaker 2: five months of back to back declines. Now we've got
3:13
Speaker 2: a rebound in September. The national average asking price for
3:17
Speaker 2: a property in September was eight hundred and twenty three
3:20
Speaker 2: thy five hundred bucks. That's up er point six percent
3:23
Speaker 2: from August. So we're up point six from August. The
3:27
Speaker 2: big movers the West Coast you're up three point one,
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Speaker 2: Northland up two percent, and Bay have plenty up one
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Speaker 2: point nine percent. What I found most interesting about this
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Speaker 2: is actually the big properties because you get those. You know,
3:38
Speaker 2: you get a family, you have kids, kids move away,
3:41
Speaker 2: you're an empty nester and you're left in this big
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Speaker 2: rambling house you can't take care of the difference between
3:46
Speaker 2: Wellington and Auckland on the is quite interesting. So this
3:49
Speaker 2: is for your five betties or more. In Wellington, prices
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Speaker 2: are down seventeen point five percent over the year, so
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Speaker 2: nearly twenty percent drop in big house and the value
4:00
Speaker 2: of them in Wellington over the year, where however, in
4:03
Speaker 2: Auckland prices up seven point two percent year on year,
4:07
Speaker 2: So there you go. One to two bedroom units in
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Speaker 2: christ Church City have had a three point four percent
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Speaker 2: increase as well. Apparently quite a bit of demand for
4:15
Speaker 2: the one and two betties in christ Church, So there
4:17
Speaker 2: you go. Nine two ninety two is the numbered text.
4:21
Speaker 2: We'd love to hear from you this morning, just gone
4:22
Speaker 2: ten after five.
4:24
Speaker 1: Ryan Bridge.
4:29
Speaker 2: You know everybody everybody needs a friend, right, everybody needs
4:34
Speaker 2: a shoulder to cry on, somebody to share your life with,
4:37
Speaker 2: a buddy, a pal well. North Korean leader Kim jongon
4:42
Speaker 2: has found his in Russian President Vladimir Putin. He sent
4:46
Speaker 2: him a birthday card calling him his closest friend, his
4:50
Speaker 2: closest comrade, I thought we stopped doing that at kindergarten.
4:56
Speaker 2: Let's go play in them, Sampit build, missile and armies
5:02
Speaker 2: eleven after five year on news Talk zeb Welcome to
5:05
Speaker 2: your Wednesday morning.
5:14
Speaker 1: News and views you trust to start your day. It's
5:17
Speaker 1: early edition with Ryan Bridge and Smith City, New Zealand's
5:21
Speaker 1: Furniture Beds and a flying store. News Talk ZIBB.
5:24
Speaker 2: Good morning, it has just gone thirteen minutes after five
5:26
Speaker 2: News Talk zib would love to hear from you this morning.
5:29
Speaker 2: Nine two nine two is the number to text. Will
5:31
Speaker 2: get to your messages in just a second. You might
5:34
Speaker 2: not have seen this from yesterday, a sixty minutes interview,
5:37
Speaker 2: sit down interview with Karmela Harris. The interviewer was CBS
5:40
Speaker 2: News's Bill Whittaker, and he was quite good. He really
5:43
Speaker 2: drilled down onto the border problem that Carmala Harris faces
5:47
Speaker 2: because she was part of the Bio she is still
5:49
Speaker 2: part of the Biden administration and they had a record
5:52
Speaker 2: number of border crossings of illegal immigrants, illegal migrants across
5:55
Speaker 2: the border, and she was asked repeatedly, was it a
5:58
Speaker 2: mistake to have softer border policies which allowed record high
6:03
Speaker 2: border crossings. Was it a mistake to kind of allow
6:08
Speaker 2: that flood to happen in the first place. I think
6:11
Speaker 2: the policies that we have been proposing are about fixing
6:15
Speaker 2: a problem, not promoting a problem. Okay, but the numbers
6:19
Speaker 2: did quadruple, and the numbers today because the numbers did quadruple,
6:24
Speaker 2: that's correct. And the Vice President says she's got a
6:27
Speaker 2: plan to fix it for the future, but isn't really
6:30
Speaker 2: acknowledging what's happened already under her watch. Trump, on the
6:33
Speaker 2: other hand, we used to write him writing against immigrants.
6:36
Speaker 2: He's taken it too farthest time. Have a listen, you
6:39
Speaker 2: know now a murderer.
6:40
Speaker 6: I believe this.
6:41
Speaker 7: It's in their genes. And we got a lot of
6:44
Speaker 7: bad jeans in our country right now.
6:47
Speaker 2: I'm sorry. You can talk about illegal aliens, You can
6:50
Speaker 2: talk about illegal aliens killing Americans because that does happen.
6:54
Speaker 2: I mean, those things are factual. But as soon as
6:57
Speaker 2: you bring genes into it, that's what else is it?
7:00
Speaker 2: But racism? Quarter past five Brian Bridge right Health New
7:05
Speaker 2: Zealand to Fatto orders release around four hundred pages of
7:08
Speaker 2: financial documents, and it details a big turnaround in March
7:13
Speaker 2: this year, we were expecting a big surplus. By April
7:16
Speaker 2: a one point four billion dollar deficit. What on earth
7:20
Speaker 2: went wrong? One bright spot is that overspending has started
7:24
Speaker 2: to drop, albeit slightly. It was one hundred and sixty
7:26
Speaker 2: three million dollars in July. It's down to one hundred
7:28
Speaker 2: and forty nine million dollars for August. Joining me this
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Speaker 2: morning is Patient Advocate, a chair of Patient Voice ALTI
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Speaker 2: At Malcolm mulholland. Malcolm, Good morning.
7:38
Speaker 7: Morning, Ryan.
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Speaker 2: Are you worried about Health New Zealand's ability to actually count?
7:45
Speaker 6: Yes?
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Speaker 7: I was flebbergasted at what was revealed yesterday. To, as
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Speaker 7: you say, go from expecting a half a billion dollar
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Speaker 7: surplus to one point four billion dollar deficit in the
8:00
Speaker 7: base of one month, to me, requires a lot of explaining.
8:05
Speaker 2: I have said that they've hired more nurses, more fte
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Speaker 2: nurses throughout the period, and they thought that some would leave,
8:13
Speaker 2: but they haven't, so they've ended up with more than
8:16
Speaker 2: they need. Presumably.
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Speaker 7: Yeah, look, I think that's just bullish it to be frank, Ryan,
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Speaker 7: There's no way you can tell me that we have
8:26
Speaker 7: too many nurses right now in New Zealand. I mean,
8:29
Speaker 7: I'm doing a roadshow right now visiting communities talking about healthcare,
8:34
Speaker 7: and they're all telling me, we need more nurses, we
8:36
Speaker 7: need more doctors. You've got masters in hospital that did
8:39
Speaker 7: a calculation where they believe their forty nurses short will
8:43
Speaker 7: a hospital can't even open because they don't have enough stuff.
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Speaker 7: That tells me that the FTE number by which Health
8:52
Speaker 7: New Zealand were calculating, you know what is a good
8:54
Speaker 7: number was far too low to begin with.
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Speaker 2: You're just not buying any of this. I mean, the
8:59
Speaker 2: bigger problem for me is not necessarily where the spending
9:03
Speaker 2: has come from, just the fact that they can't They
9:06
Speaker 2: didn't identify it, they weren't able to preempt it. I mean,
9:09
Speaker 2: who is the person control and control of the purse
9:13
Speaker 2: strings here?
9:14
Speaker 7: Yeah, look, that's a fantastic question, and I think that
9:18
Speaker 7: that's one that definitely requires more investigation, more questions to
9:22
Speaker 7: be asked, because we just simply do not know. And
9:25
Speaker 7: it's not good enough that we don't know. We need
9:28
Speaker 7: to know. Health is the biggest expenditure item of the government.
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Speaker 7: It's always been like that and it will continue to
9:34
Speaker 7: be that way. We need to be on top of
9:37
Speaker 7: our finances when it comes to the NESI on health system.
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Speaker 2: Hey, good luck with your rest of your road show, Malcolm.
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Speaker 7: Yeah, thanks, let Er. I'm looking forward to going to
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Speaker 7: AMU to Madushputin today and then christ Each tomorrow and
9:51
Speaker 7: you know, really concerned actually at the state of our
9:54
Speaker 7: health system right now.
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Speaker 2: Yeah, drive safe, Malcolm, Thanks so much for your time.
9:58
Speaker 2: That's Malcolm Mulholland. He's the chair Patient Voice Alto. It
10:01
Speaker 2: is eighteen minutes after five year on News Talk said
10:03
Speaker 2: b coming up inside the next twenty minutes. I will
10:07
Speaker 2: tell you what I think about those twoy billboards. Thank
10:10
Speaker 2: you very much. Also, Sharon Zolner after six from A
10:14
Speaker 2: and Z. That's on the OCR announcement that's coming and
10:17
Speaker 2: we look at the oil spill apparently Turtle's now affected.
10:21
Speaker 1: Ryan Bridge New for twenty twenty four on early edition
10:25
Speaker 1: with Smith City, New Zealand's furniture beds and a playing store.
10:28
Speaker 2: News Talk zid be interesting the number of people who
10:31
Speaker 2: are paying their mortgages off on time and the number
10:34
Speaker 2: of us that are actually going above and beyond the
10:37
Speaker 2: standard and paying more so paying principle off. I'll get
10:40
Speaker 2: to that in a second right now. Though the potential
10:44
Speaker 2: echo catastrophe the Monumnui this is in Samar are videos
10:47
Speaker 2: captured near the site yesterday of the grounding showing a
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Speaker 2: turtle struggling to swim in a thick oil slick with
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Speaker 2: shipping containers, planks of wood and life jackets floating nearby.
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Speaker 2: Nick Ling is the associate professor at Wancater University School
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Speaker 2: of Medicine. He's with us this morning, Nick, Good.
11:03
Speaker 8: Morning, Yeah, good morning, right, how are you?
11:05
Speaker 2: Yeah, I'm good, thank you. So this oil, let's first
11:08
Speaker 2: of all, there's a thousand tons of it. This is
11:11
Speaker 2: not arena grade heavy oil. This is engine oil.
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Speaker 8: Yeah, so, as I understand it, unlike the fuel oil
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Speaker 8: that was on the arena, which was called heavy fuel oil,
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Speaker 8: this is a much lighter grade. So it's more similar
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Speaker 8: to automotive diesel oil. So the thing is with these
11:31
Speaker 8: ship oils is that they contain a mixture of different hydrocarbons.
11:36
Speaker 8: And obviously the stuff that we burn in our cars
11:40
Speaker 8: is a very light grade, and so if you leave
11:42
Speaker 8: that to if you have the spill of that, it
11:44
Speaker 8: would just simply evaporate away. So the stuff that's on
11:48
Speaker 8: the Manuwanui is a light grade of shipping fuel oil,
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Speaker 8: and so much of the material that was released in
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Speaker 8: the early spill would have evaporated off and that leaves
12:00
Speaker 8: a residue of the sort of heavier components, and that's
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Speaker 8: what would have been observed yesterday in that video of
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Speaker 8: that struggling turtle. And obviously, you know those sort of
12:12
Speaker 8: marine animals, anything that has to interact with the surface,
12:14
Speaker 8: like those turtles that have to come to the surface
12:17
Speaker 8: to breathe, they will then encounter that.
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Speaker 2: And so the case that heavier layer stays on the surface, does.
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Speaker 8: It, yeah, yeah, Well, as the spill progresses, much of
12:30
Speaker 8: those lighter components will evaporate and then finally the last
12:34
Speaker 8: stage is that you'll get sort of tari deposits which
12:37
Speaker 8: will actually be heavier than the water, and they will
12:39
Speaker 8: then finally sink as tar balls to the bottom.
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Speaker 2: Right, And how big is this? How big of a
12:44
Speaker 2: deal is this? A thousand tons.
12:48
Speaker 8: Was certainly pretty big. So that's about three times the
12:50
Speaker 8: amount of oil that was released from Marina wreck. But
12:55
Speaker 8: certainly the media reports yesterday of the first assessment of
12:59
Speaker 8: the wreck by divers are very encouraging in that they're
13:02
Speaker 8: not showing any leakage currently and that would suggest that
13:06
Speaker 8: almost all of that is contained within the wreck. So
13:09
Speaker 8: obviously the next priority would be to remove that material
13:15
Speaker 8: through salvaging the wreck.
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Speaker 2: Right, is there a risk actually getting SALVO vessels in
13:20
Speaker 2: there that we might have a pile up?
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Speaker 8: Yeah, well certainly. You know, obviously it's right next to
13:28
Speaker 8: a reef and it's a fairly exposed place, so there
13:31
Speaker 8: is the potential hazard of working in that area when
13:37
Speaker 8: you're sending other marine assets into that area. But it's
13:41
Speaker 8: not impossible to do that. Obviously. The expert salvas are
13:46
Speaker 8: used to working in those sort of conditions. I mean
13:47
Speaker 8: that was the case with the Arena as well. The
13:50
Speaker 8: salvers had to work right next to the reef in
13:51
Speaker 8: a very exposed area, and so it's just a case
13:54
Speaker 8: of managing that risk.
13:55
Speaker 2: So best case scenario here, Nick, we have most of
13:59
Speaker 2: the oil apparently still contained within the vessel. If we
14:02
Speaker 2: can get in there at Selvo, the environmental impact might
14:05
Speaker 2: be quite small.
14:08
Speaker 8: Yeah, yeah, potentially, Yeah, I mean obviously there's potentially other
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Speaker 8: things on the wreck as well. I mean that was
14:13
Speaker 8: the case with the arena. You know, it had contained
14:15
Speaker 8: as a dangerous goods on board We don't know what
14:18
Speaker 8: else is on the Manawanui at this stage, you know,
14:21
Speaker 8: but potentially there's munitions and those sort of things that
14:23
Speaker 8: might be on a naval ship and they would need
14:26
Speaker 8: to be salvaged as well. But certainly the initial assessment
14:29
Speaker 8: seems very encouraging that the wreck is fully intact, that's
14:33
Speaker 8: sitting on the bottom at a reasonable depth. It's only
14:36
Speaker 8: thirty meters deep. That means it's accessible by normal divers.
14:41
Speaker 8: The fact that it's intact means that removing the oil
14:45
Speaker 8: should be a much more simple task. And potentially salvaging
14:50
Speaker 8: the entire wreck and removing it entirely is you know,
14:54
Speaker 8: obviously easier to do when the wreck is intact rather
14:56
Speaker 8: than broken up.
14:57
Speaker 2: Yeah, well, well that's a good point, and it's only
14:59
Speaker 2: thirty deep, so that is potentially a possibility. Nick, thanks
15:02
Speaker 2: you so much for your time. Nick Ling, Associate Professor,
15:05
Speaker 2: School of Science at wykatz A University, saying the signs
15:07
Speaker 2: are looking good in terms of the environmental impact. They're
15:11
Speaker 2: just gone. Twenty five after five News Talks AB.
15:14
Speaker 1: The Early Edition full show podcast on iHeartRadio powered by.
15:18
Speaker 2: News Talks AB. News Talks HEB twenty seven minutes after
15:23
Speaker 2: five o'clock on your Wednesday morning. Complaints, backlash, outrage, divisive, sad,
15:30
Speaker 2: strong reaction to the Tioey billboards poking fun at old
15:33
Speaker 2: polky and not guilty of killing his wife. By the
15:36
Speaker 2: way the billboards read, if you haven't seen them back
15:39
Speaker 2: to being a respectable meth smoking, sex worker loving doctor,
15:43
Speaker 2: then you're right quite good. It's not breaking any rules,
15:48
Speaker 2: and I say good on them for getting back to this.
15:50
Speaker 2: We need good humor to cut through the crap that
15:54
Speaker 2: our society seems to be. That seems to proliferate our
15:57
Speaker 2: society at the moment. Kiwis are straights. We love taking
16:01
Speaker 2: the mackey out of people. We're not mean generally, we
16:04
Speaker 2: are fair, and I think we've lost our ability to
16:07
Speaker 2: laugh together. In these billboards, while pitched by some as divisive,
16:12
Speaker 2: I think will actually do the opposite. They should bring
16:15
Speaker 2: us closer together. And I was heartened to hear the
16:19
Speaker 2: dB marketing director Fraser Shrimpton's statement, which he gave to
16:23
Speaker 2: the Papers. He said, while we haven't set out to
16:26
Speaker 2: offend anyone, we are happy to push the boundaries and
16:29
Speaker 2: say the things that we've all been thinking. Great. We
16:34
Speaker 2: need to talk about how we really feel. Because when
16:37
Speaker 2: we share it, especially with humor, we connect with one
16:40
Speaker 2: another as a society, don't we We grow closer together,
16:44
Speaker 2: we are less divided. So long may the twoy billboards last.
16:49
Speaker 2: Bryan Bridge, twenty eight minutes after five now still come.
16:52
Speaker 2: We're going to talk interest rates and whether, perversely a
16:56
Speaker 2: change in the interest rate today up twenty five bays
17:00
Speaker 2: points might bring send mortgage rates higher. Hmmm. We'll talk
17:05
Speaker 2: to Sharon Zoler about that. From a n Z plea
17:07
Speaker 2: you want to come here? Also the crater laker or
17:10
Speaker 2: a pay who alarming people again slightly. I'll tell you
17:13
Speaker 2: more about that and how much of us are paying
17:15
Speaker 2: off principle on our mortgage news talk, said b.
17:22
Speaker 1: Christ the news you need this morning and the in
17:43
Speaker 1: depth analysis early edition with Ryan Bridge and Smith City,
17:48
Speaker 1: New Zealand's furniture bids and a playing store news talk
17:51
Speaker 1: s B.
18:00
Speaker 2: Good morning, New Zealand. It is twenty four minutes away
18:02
Speaker 2: from six on your Wednesday. We are expecting an announcement
18:05
Speaker 2: from the Reserve Bank today on the official cash rate,
18:08
Speaker 2: which should hopefully make us all feel a little bit
18:10
Speaker 2: richer before Christmas. There's one more meeting in November and
18:13
Speaker 2: then they take a break, not back till next February.
18:16
Speaker 2: Trish has a text in the program, Good morning Trish,
18:19
Speaker 2: Perhaps you should have had a two y billboard for
18:22
Speaker 2: Adrian or what would it say, Adrian all give us
18:27
Speaker 2: a big cup for Christmas year right, something like that? Anyway,
18:32
Speaker 2: send me your ideas. Nineteen ninety two. Also this morning,
18:35
Speaker 2: we're going to talk to our UK europe correspondent MI
18:39
Speaker 2: five's boss is worried about assassinations and terra plots in England.
18:43
Speaker 2: We're also talking the ocr and the Urupe who create
18:48
Speaker 2: a lake is at its lowest temperature in five decades.
18:51
Speaker 2: It's now just over the last twelve twenty four hours
18:54
Speaker 2: hit eight degrees. Hasn't been eight degrees since nineteen seventy.
19:00
Speaker 2: We shouldn't be worried because there's only a one percent
19:02
Speaker 2: chance of an eruption, not that big of a deal
19:05
Speaker 2: in the next three months. One percent, they say, that's
19:08
Speaker 2: about the same comparable to the chance of being hit
19:10
Speaker 2: by a car one percent. So you add those together,
19:13
Speaker 2: there's a two percent chance of death if you're in
19:15
Speaker 2: a pay who today it's like a weatherfull cast, but
19:17
Speaker 2: for whether you're going to die. You're looking at a
19:19
Speaker 2: two percent chance today if you're in there to a
19:21
Speaker 2: pay who district. Chances are dying on a boat in
19:24
Speaker 2: this country. By the way, you're looking at fifty to
19:27
Speaker 2: fifty Blue Bridge Inter Islander Navy. Honestly, I wouldn't even
19:31
Speaker 2: get on a canoe at this point twenty two to
19:34
Speaker 2: six Bridge Rich. You're going to our reporters around the country,
19:38
Speaker 2: Callum Proctors into needing this morning, Calum. Worry about farmers
19:42
Speaker 2: after the floods.
19:44
Speaker 9: Yeah, morning, Ryan, this has come from Federated Farmers. Look,
19:47
Speaker 9: they're issuing a plea for any flood hit farmers to
19:50
Speaker 9: reach out for help if they're struggling with their mental health.
19:54
Speaker 9: They're raising concerns about the well being and morale of
19:56
Speaker 9: those in Otago in Southend in particular, following some tough
20:01
Speaker 9: times recently due to weather events. South And President Jason
20:05
Speaker 9: Herricks says that in his patch it's been raining pretty
20:08
Speaker 9: much consistently since April, which has left a lot of
20:11
Speaker 9: farmers backling. He says, with more rain anticipated and morale
20:15
Speaker 9: already low, it's important the rural community works together to
20:18
Speaker 9: get through it, and he's encouraging those doing it tough
20:21
Speaker 9: to pick up the phone and ask for help.
20:22
Speaker 2: Absolutely. How's your weather, Callum?
20:25
Speaker 9: You will look more rain on the way, some heavy
20:27
Speaker 9: falls expected today easing this evening. We've got a strong
20:30
Speaker 9: wind watch with northwest with southwest gales developing today's high twelve.
20:35
Speaker 2: Thank you very much. Clear is in christ Church this morning?
20:37
Speaker 6: Clear?
20:37
Speaker 2: The coronial inquest into the christ Church mosk attacks is
20:41
Speaker 2: back underway.
20:42
Speaker 4: That's right, Ryan, And how the man behind the terror
20:46
Speaker 4: attack obtained a gun license is being dissected in the
20:49
Speaker 4: Coroner's court from this week. This is part of the
20:52
Speaker 4: second phase of the inquest into the fifty one deaths
20:55
Speaker 4: on March fifteen, twenty nineteen. This particular phase looks specifically
20:59
Speaker 4: at gun licensing processes, as well as the impact of
21:02
Speaker 4: potential legislative loopholes at the time. Firearms experts Michael mcilraith
21:08
Speaker 4: yesterday spoke of legislation being unfit for purpose, a lack
21:12
Speaker 4: of training, and also pressures on vetting staff. The vetting
21:16
Speaker 4: procedures were also being scrutinized, with mckilrath adding that the failure,
21:21
Speaker 4: in his opinion, was when police deemed the gunmen to
21:24
Speaker 4: be fit and proper and accepted his gun license application.
21:27
Speaker 4: Witnesses involved more specifically with his application are set to
21:32
Speaker 4: give evidence today.
21:34
Speaker 2: Right, how's your weather today? Clear?
21:35
Speaker 4: Starts fine, but a few afternoon and evening showers with
21:38
Speaker 4: squarely thunderstorms possible. Westerly is turning southerly and the high
21:42
Speaker 4: as eighteen.
21:43
Speaker 2: Thank you, We're going to Wellington. MAXI is standing by Max.
21:46
Speaker 2: Bordeaux Bakery is an institution. I love their bread in particular.
21:50
Speaker 2: I mean I would go there on a Saturday morning.
21:52
Speaker 2: They are along well, they've got three sites, but Thornton
21:55
Speaker 2: Key and shutting down. What's the reason?
21:58
Speaker 6: No?
21:59
Speaker 10: I live just around then, from the same Bordeau Bakery
22:02
Speaker 10: cafe on Thornton Key. And for how tragic this latest
22:05
Speaker 10: closure is. It's seemed equally inevitable for months. You've had
22:08
Speaker 10: disruptive roadworks taking place. At times, it's been difficult to
22:11
Speaker 10: tell if Bordeau is even open. There's been a giant
22:14
Speaker 10: safety fence outside, workers running heavy machinery. You're right, it's
22:18
Speaker 10: an institution. It always seemed busy, and then it wasn't.
22:21
Speaker 10: Bordeaux closing three sites, forty people out of work, thirty
22:24
Speaker 10: years it's been family owned. Turnover during these roadworks was
22:28
Speaker 10: down sixty to seventy percent, so says owner Tony Bates.
22:32
Speaker 10: The council blamed for the roadworks, which aren't just opposed
22:35
Speaker 10: by virtually every business on the stretch. They knew it
22:38
Speaker 10: would affect access for customers but also major agencies like
22:42
Speaker 10: fire and emergency. Bordeau wanted more support from the council,
22:45
Speaker 10: or at least some support, and clearly didn't get it.
22:49
Speaker 2: And part of the problem is cycle wise too. The
22:51
Speaker 2: taking the parks out, isn't it the.
22:54
Speaker 10: Yeah, a lots of car parks, you know, and say
22:57
Speaker 10: we had the mayor in the studio a few weeks
22:59
Speaker 10: ago sighting safety is the main reason for these seventeen
23:01
Speaker 10: million dollar works. Thornton Key is one of the widest
23:05
Speaker 10: roads in the city that safety has never been an issue.
23:08
Speaker 10: I think our reporter did a deep dive into safety
23:12
Speaker 10: issues on the street. One cyclist hit by injured in
23:15
Speaker 10: recent times and that was from a pedestrian stepping out
23:18
Speaker 10: onto the road. So I don't know where safeties come from.
23:21
Speaker 6: Now.
23:21
Speaker 2: It's madness, do you know what. I have sympathy for
23:23
Speaker 2: you Wellington, but if you re elect the same council
23:26
Speaker 2: that you have just elected at the last election. You're
23:29
Speaker 2: on your own, Okay, no more symphony from me, Max.
23:32
Speaker 2: How's the weather?
23:33
Speaker 10: The Independent Republic of Wellington mainly find today fourteen the
23:36
Speaker 10: high end the city.
23:37
Speaker 2: Thank you very much, Neva's and Auckland, Hey, Neva, good morning.
23:39
Speaker 2: Spike and dog euthanasia right, yes.
23:42
Speaker 11: Now, Look, an Auckland council is saying there is a
23:45
Speaker 11: spike in dog euthanasia rates. It's unkind but it is
23:49
Speaker 11: a necessary reality. So the council figures they came out
23:52
Speaker 11: yesterday and they show that more than twenty eight hundred
23:54
Speaker 11: dog attacks they were reported in the past year. That's
23:57
Speaker 11: a seventeen percent rise. For the first time since twenty fourteen,
24:01
Speaker 11: more impounded Auckland dogs they've been euthanized than claim by owners.
24:05
Speaker 11: So we've got that at four thousand compared to thirty
24:08
Speaker 11: six hundred. Daniel Newman, he's the Auckland councilor, he's also
24:12
Speaker 11: a dog a tech survivor. He says, oh wish this
24:14
Speaker 11: wasn't the case. But addressing the roaming dogs and ensuring
24:18
Speaker 11: animal safety, that's your top priority.
24:21
Speaker 2: Yes, and weather today.
24:23
Speaker 11: Well more grim news occasional rain, possibly heavy easing to
24:26
Speaker 11: the odd shower. However, fine spells on the afternoon seventeen
24:29
Speaker 11: is the high.
24:30
Speaker 2: Brilliant Thanks Neva eighteen minutes away from six and fantastic
24:33
Speaker 2: twoy billboard suggestions coming through and get to those shortly.
24:36
Speaker 2: Also the OC big announcement today, What does it mean
24:40
Speaker 2: for your mortgage? Could actually see your mortgage rates go up.
24:43
Speaker 2: We'll tell you how that might work. Also, we're looking
24:46
Speaker 2: at MI I five under pressure in the UK. You're
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Speaker 2: on news Talk seb B almost morning commute right, coffee
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Speaker 2: about that to do list. Maybe it's finally time to
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Speaker 2: upgrade the couch or to get the Those appliance are sorted.
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25:41
Speaker 1: Dot NZ International correspondence with Ens and Eye Insurance Peace
25:45
Speaker 1: of Mind for New Zealand Business.
25:48
Speaker 2: Gavin grays Our UK Europe Correspondent Gavin. The main suspect
25:51
Speaker 2: in the medal in McCann case cleared over another one.
25:55
Speaker 5: Yes, an unrelated trial, but one that will impact, I
25:59
Speaker 5: think on instigations into the disappearance of Madeline McCann. So
26:03
Speaker 5: Christian Brookner is his name. He's forty seven. He's been
26:05
Speaker 5: acquitted of carrying out five offenses in Portugal between twenty
26:09
Speaker 5: twenty seventeen. He is, however, already in prison serving a
26:14
Speaker 5: seven year jail term in Germany for rape. Now. Brooker's
26:18
Speaker 5: defense team argued he should be clear because of a
26:20
Speaker 5: lack of evidence, and indeed the presiding judge said there
26:23
Speaker 5: was insufficient evidence for a conviction and that some of
26:26
Speaker 5: the witnesses were unreliable. Now that's important because Ryan, what
26:31
Speaker 5: they're basically saying is that some of the potential witnesses
26:36
Speaker 5: in the Madeline McCann disappearance case also the same witnesses. So,
26:42
Speaker 5: in other words, there's a crossover here. And obviously if
26:44
Speaker 5: the judge has found them unreliable in the first case,
26:48
Speaker 5: if it were to come to court about Madeline McCann,
26:50
Speaker 5: then it would be unlikely that he would change his
26:53
Speaker 5: mind about the witnesses for that case. So it has
26:56
Speaker 5: got an impact. We also believe that Brookner will be
27:00
Speaker 5: in prison until the end of next September, and we
27:03
Speaker 5: believe that the Germans who are investigating, along with the
27:07
Speaker 5: Portuguese and the British detectives, are thinking their best way,
27:11
Speaker 5: their best hope of standing up a case against this
27:14
Speaker 5: man is if he's still in prison and they are
27:17
Speaker 5: able to detain him longer.
27:18
Speaker 2: So if they don't priss charges over Medline mccairn, this
27:23
Speaker 2: guy could walk next September.
27:25
Speaker 5: Yeah. Absolutely, and that's the fear I think of many
27:29
Speaker 5: that said. Of course, let me be clear you know,
27:32
Speaker 5: there is nothing that we know that distinctly links him
27:35
Speaker 5: to the Madeline McCann disappearance. But of course when she
27:39
Speaker 5: disappeared as a young girl from Portugal, he had already
27:44
Speaker 5: carried out. It was alleged these five offenses sexual offenses
27:48
Speaker 5: of young people. However, as I said, he's been acquitted
27:52
Speaker 5: of those charges.
27:53
Speaker 2: All right, thanks so much for that, Kevin Gray, are
27:55
Speaker 2: you correspondent with us? And very quickly? An update from
27:57
Speaker 2: the MI five boss Ken McCallum, who has spoken to
28:01
Speaker 2: journalists in London overnight. He says the revival of the
28:05
Speaker 2: Islamic State in Afghanistan a big worry for them. They've
28:08
Speaker 2: seen a big upswing in Britain seeking to travel aboard
28:12
Speaker 2: a broad rather to learn from this group. They're worried
28:15
Speaker 2: about Islamic State. They're worried about Russia and Iran Ryan Bridge.
28:21
Speaker 2: Right now, we're going to Sharon Zolner. This is the
28:24
Speaker 2: ocr so big call today, all of our big banks
28:28
Speaker 2: predicting fifty bases point cut, bringing it to four point
28:31
Speaker 2: seventy five percent. There are also some slightly differing views.
28:34
Speaker 2: Greg Smith from Devon Funds Management wants to see two
28:36
Speaker 2: seventy five point cuts that would be one and a
28:39
Speaker 2: half percent by Christmas. So what's going to happen do
28:44
Speaker 2: we think? Sharon Zolner, the Ain's chief economist, is with
28:46
Speaker 2: me this morning. Sharon, Good morning, good morning, Good to
28:49
Speaker 2: have you on the show. What do you reckon about
28:52
Speaker 2: the idea of a bigger cut than fifty.
28:57
Speaker 6: All its rapidly become the default expectation. Actually, interestingly, back
29:01
Speaker 6: in August, if you look at what the Reserve Bank
29:03
Speaker 6: then thought they would do, they thought they'd cut twenty five.
29:06
Speaker 6: That was implied by their forecasts, and they haven't actually
29:09
Speaker 6: been a huge number of data stified since then. However,
29:13
Speaker 6: was nonetheless ended up in a situation with I think
29:15
Speaker 6: on the Bloomberg survey, eighteen out of twenty two economists
29:18
Speaker 6: were picking a fifty point cut that no one was
29:20
Speaker 6: picking a seventy five, and the market is certainly pricing
29:24
Speaker 6: a fifty So that's certainly become the default. And the
29:28
Speaker 6: single piece of data that was most important there was
29:30
Speaker 6: the quarterly Serve Business Opinion, which showed sharply lower pricing
29:34
Speaker 6: intention and other data that would suggest that the Reserve
29:37
Speaker 6: Bank not necessarily will we revising the inflation forecasts down particularly,
29:41
Speaker 6: but that they can have more more confidence in them,
29:44
Speaker 6: more confidence that the job is done.
29:46
Speaker 2: Yeah, because that report that you were talking about it
29:48
Speaker 2: said that, you know, activity and employment was weak currently,
29:51
Speaker 2: but the outlook people were feeling optimistic about the future.
29:55
Speaker 2: But the difference, the gap between the reality now and
29:58
Speaker 2: the promised land of the few future is aging or
30:01
Speaker 2: waving as magic wand isn't it.
30:04
Speaker 6: Yeah, Well, certainly in our Business Monthly Business survey, we
30:07
Speaker 6: saw things lift the minute rates started to fall. It's
30:10
Speaker 6: in dramatic in the business confidence at a ten year high.
30:13
Speaker 6: Of course, it's something to say you think things will
30:15
Speaker 6: be better in the future. It's enough to actually act
30:17
Speaker 6: on those expectations and hire someone or make them investment.
30:21
Speaker 6: So so the bar is a bit higher for that.
30:22
Speaker 6: But I mean, it wouldn't that problem necessarily. If the
30:25
Speaker 6: economy did redound faster than expected, it would be great
30:28
Speaker 6: as long as that fall and inflation and inflation staying
30:33
Speaker 6: within the band is baked in. But looking at that
30:36
Speaker 6: Corterly surveyan's opinion, the Reserve Bank will have more confidence
30:39
Speaker 6: that there's lots of spare capacity in the labor market
30:43
Speaker 6: and businesses and the machine sitting idle, et cetera, so
30:47
Speaker 6: that we could have a lift in gross without inflation.
30:50
Speaker 6: Regniting that said, it's not risk free because that in
30:53
Speaker 6: both surveys, costs were still very very high terms of
30:57
Speaker 6: saying that their margins has been squeezed. But there is
31:00
Speaker 6: a scenario still where the economy rebounds quickly in firms
31:04
Speaker 6: use that recovery and demand to push through the price
31:06
Speaker 6: increases that have actually been wanting to do for ages
31:09
Speaker 6: that haven't been.
31:10
Speaker 2: Able to Yeah, okay, So final question, is there a
31:17
Speaker 2: scenario here? Is there a possibility where the retail banks
31:20
Speaker 2: have already priced in a fifty point cut fifty basis
31:23
Speaker 2: point cut, the Reserve Bank comes out with twenty five
31:28
Speaker 2: and retail banks have to increase mortgage rates again.
31:33
Speaker 6: Well, twenty five point cut would be the surprise now,
31:36
Speaker 6: and you would certainly see the swap rates, the wholesale
31:39
Speaker 6: rates left I think on the day and then over
31:42
Speaker 6: sort of the one year horizon, because it's baking in
31:44
Speaker 6: quite a lot of cuts, whether it's a mortgage rates rise, though,
31:48
Speaker 6: I think I think there's still enough of a buffer
31:52
Speaker 6: there that banks have instead of waiting to see most
31:54
Speaker 6: banks so waiting to see what happens today. So obviously
31:57
Speaker 6: I'm not part of those decisions, but you'd have to
32:00
Speaker 6: I think you'd have to see a bigger surprise than
32:02
Speaker 6: just at twenty five, because even if they just cut
32:04
Speaker 6: twenty five, they're still rightly to concern that they're going
32:06
Speaker 6: to keep cutting in the stage. True, you need to
32:08
Speaker 6: see something quite extreme in the restoric, I think, suggesting
32:12
Speaker 6: that they're getting very nervous about inflation. That would definitely
32:15
Speaker 6: be one out of left field. That's not something anyone's anticipating.
32:18
Speaker 2: Sharon z Oolner A and Z thanks so much for
32:20
Speaker 2: your time. Just gone seven away from six. That announcement
32:22
Speaker 2: due out at two o'clock this afternoon.
32:25
Speaker 1: The first Word on the News of the Day early
32:29
Speaker 1: edition with Ryan Bridge and Smith City New Zealand's furniture
32:32
Speaker 1: beds and a play at store News Talk ziby.
32:35
Speaker 2: Five away from six News Talk z'd b Trish asked
32:38
Speaker 2: for two wee billboards for Adrian Orr, and you have delivered.
32:41
Speaker 2: Ryan Adrian Or is a better Reserve Bank governor than
32:44
Speaker 2: Polki was an is surgeon. Ryan Adrianaor is good at
32:49
Speaker 2: his job year right. Lots like that. There's interesting one
32:52
Speaker 2: here about the government. It's October. Time to stop blaming
32:55
Speaker 2: the previous government year right, and this one is not
33:00
Speaker 2: to be billboard at all, but it's quite clever cut
33:04
Speaker 2: Adrian or else.
33:07
Speaker 1: Dry and Bridge.
33:08
Speaker 2: Mike's in the studio. Good morning, Mike morning.
33:11
Speaker 3: We'll be talking about that obviously this morning, isn't it funny?
33:14
Speaker 3: But no one seems to be mentioning the fact this
33:16
Speaker 3: fifty seventy five fascination we seem to have. You do
33:19
Speaker 3: realize that a fifty or seventy five point cut is
33:23
Speaker 3: simply tantamount to proof that they bug it up. It
33:27
Speaker 3: shouldn't be that big. It should be small, it should
33:29
Speaker 3: be gentle. It's called a soft landing. The whole idea
33:32
Speaker 3: was you got us in and you got us out.
33:34
Speaker 2: Yeah, but a soft landing doesn't mean small incremental drops
33:38
Speaker 2: as it does, well, no, it does. What a soft
33:40
Speaker 2: landing means that we don't crash the economy and have
33:43
Speaker 2: mass unemployment and that.
33:46
Speaker 3: But that's the point. If he goes fifty or seventy
33:49
Speaker 3: five today, what they're recognizing is that they've gone too far.
33:53
Speaker 3: They're going hold on, what's it's cratering and we suddenly
33:56
Speaker 3: need to go where we've got it, We understand it.
33:59
Speaker 3: There's fifty, there's seventy five, so that all people go off.
34:02
Speaker 2: But isn't it like for landing a plane. I mean
34:04
Speaker 2: you'll have sends coming from different angles at different times,
34:06
Speaker 2: and you've got a you've had a cross runway.
34:08
Speaker 3: Shere is what you're saying there right exactly. Anyway, more
34:11
Speaker 3: on that.
34:11
Speaker 2: Shortly, brilliant Thanks Mike, have a great day everyone. I'll
34:14
Speaker 2: see tomorrow.
34:17
Speaker 1: For more from News Talk said B. Listen live on
34:20
Speaker 1: air or online, and keep our shows with you wherever
34:23
Speaker 1: you go with our podcasts on iHeartRadio