Latest / Early Edition with Ryan Bridge / Full Show Podcast: 29 May 2026
Transcript
- 0:00Speaker 1: The issues, the interviews and the insight. Andrew Dickets on
- 0:05Speaker 1: early edition with Park for Business Technology that keeps business moving,
- 0:09Speaker 1: News talks.
- 0:10Speaker 2: They'd be well, good morning to you, Welcome to Friday.
- 0:13Speaker 2: I'm Andrew Dickins. I'm here until six. You can text
- 0:17Speaker 2: me ninety two ninety two. Small charge applies. You can
- 0:19Speaker 2: email Andrew d at Newstalks, het B dot co dot
- 0:21Speaker 2: NZ on the program today. Great news for farmers as
- 0:25Speaker 2: Fonterra releases its results. The future looks bright as the
- 0:28Speaker 2: milk comes in. And of course we'll have to look
- 0:31Speaker 2: at the budget when we will look at its impact
- 0:33Speaker 2: on education. And just before six o'clock Ruth Richardson, former
- 0:37Speaker 2: finance minister now with the Taxpayers Union, will give her review.
- 0:40Speaker 2: All this still to come on early edition at seven
- 0:43Speaker 2: after five the Agenda Ali's the twenty ninth of May,
- 0:47Speaker 2: US military has accused Iran of a dangerous violation of
- 0:51Speaker 2: the ceasefire by launching a missile at Kuwait. Now, the
- 0:54Speaker 2: strike was in retaliation for a US strike on Iran. However,
- 0:58Speaker 2: Pea Steele negotiations are still going on.
- 1:02Speaker 3: So far they've insisted that the US strikes in recent
- 1:05Speaker 3: days inside Iran haven't constituted the complete breakdown of the ceasefire.
- 1:10Speaker 3: The language used by Central Command about the missile was
- 1:12Speaker 3: quite careful.
- 1:13Speaker 4: They said.
- 1:14Speaker 3: The US stood ready for measured responses to Iranian aggression,
- 1:18Speaker 3: and President Trump a leaf for the moment, doesn't seem
- 1:20Speaker 3: to think that a return to folk scale combat operations
- 1:24Speaker 3: is necessary.
- 1:26Speaker 2: Right to China, where Timu has been hit with a
- 1:28Speaker 2: two hundred and thirty two million dollar fine for failing
- 1:30Speaker 2: to stop the sale of illegal products. It's the first
- 1:33Speaker 2: part of a wider investigation by the AUS Digital Services Act.
- 1:37Speaker 2: And here is European Commission spokesperson Thomas.
- 1:40Speaker 5: Renier dangerous toys for kids, small electronics without proper label,
- 1:46Speaker 5: clothes and jewelry containing harmful chemicals, to name just a few.
- 1:51Speaker 5: Our message is here. If you want to access our
- 1:54Speaker 5: market of four hundred and fifty million consumers, you have
- 1:58Speaker 5: to respect our rules period.
- 2:01Speaker 2: And everything's too small to Africa. And sixteen children have
- 2:05Speaker 2: died in Kenya today after a fire in the school dormitory.
- 2:08Speaker 6: If I can paint a visual of the dormitory, it's
- 2:10Speaker 6: our one story dormitory and their children who were sleeping
- 2:13Speaker 6: on the fast floor and they had to jump from
- 2:15Speaker 6: that floor down because they couldn't find their way out,
- 2:18Speaker 6: and parents say that that's how some of them broke
- 2:20Speaker 6: their limbs trying to escape. There's not a new thing.
- 2:22Speaker 6: It's part of a pattern from around two thousand and
- 2:25Speaker 6: one when schools were being some of them torched and
- 2:27Speaker 6: some of them getting bunched because of accidents.
- 2:30Speaker 2: And New Zealand makes the agenda just days after the
- 2:33Speaker 2: death of her sister, Jules name Lindatop has delivered an
- 2:36Speaker 2: emotional speech yet last night alter Our Music Awards. In
- 2:40Speaker 2: the speech, she acknowledged the loss of her twinsist it,
- 2:42Speaker 2: but she also took the opportunity to blast the government.
- 2:46Speaker 7: We are not defined by a government. We are not
- 2:50Speaker 7: defined by politicians. We are defined by people and our
- 2:56Speaker 7: culture and our art. I did this be read on
- 3:00Speaker 7: the budget this afternoon. It doesn't appear to be any
- 3:04Speaker 7: money for music, but in big letters two point one
- 3:10Speaker 7: billion toward the fence.
- 3:14Speaker 8: What the fuck?
- 3:16Speaker 1: Hewett at first Andrew Diggins on early edition with spark
- 3:20Speaker 1: for business technology that keeps business moving, news talks that'd be.
- 3:24Speaker 2: That's the first time I've said al Turor Music Awards
- 3:26Speaker 2: and it's not going to be the last. I'm going
- 3:27Speaker 2: to play some music from the awards a bit later on.
- 3:29Speaker 2: Please don't text me and say is not the name
- 3:32Speaker 2: of this country. I know that, but it is the
- 3:33Speaker 2: name of that award show. It's their trademark, and that's
- 3:36Speaker 2: what they've decided to call themselves. Anyway, their budget, some
- 3:41Speaker 2: general thoughts. They actually rose taxes, did you realize? But
- 3:46Speaker 2: the victims were banks and charities who have been taking
- 3:48Speaker 2: the mickey and fringe benefits and closing tax loopholes. But yes,
- 3:51Speaker 2: national raise taxes. They are taxing the better off. This
- 3:55Speaker 2: budget is still expansionary and spending and debt. It relies
- 3:59Speaker 2: on a promise of retraction later on, which we'll all
- 4:02Speaker 2: have to keep an eye on. They are still investing
- 4:05Speaker 2: in infrastructure, but they've rationalized their road aspirations, and they've
- 4:08Speaker 2: had to invest in hospitals. And they've invested money in rail,
- 4:13Speaker 2: which is the predictable consequence of ignoring rail for decades.
- 4:16Speaker 2: And I hope this is a lesson in not having
- 4:18Speaker 2: a position on long term planning. They're into a second
- 4:21Speaker 2: round of cutting the public service. They could have gone further,
- 4:23Speaker 2: but that's easy to say, not so easy to do.
- 4:26Speaker 2: They've invested in education, which along with the hospital spend
- 4:29Speaker 2: and no cuts to benefit shows that at the heart
- 4:31Speaker 2: of the station, we're still socialists. No matter what people
- 4:34Speaker 2: like to say, this has been a socialist country for generations.
- 4:37Speaker 2: I mean, what else do you call a nation with
- 4:40Speaker 2: free education, free healthcare, acc and social welfare. We're socialists.
- 4:44Speaker 2: We are a socialist nation and the National Party is
- 4:46Speaker 2: a socialist party in world terms. And at the end
- 4:50Speaker 2: of the day, this is a budget that will not
- 4:52Speaker 2: make anyone perfectly happy, but it's also a budget where
- 4:54Speaker 2: we shouldn't be completely unhappy. So we have to talk
- 4:58Speaker 2: about the budget today and we've got more to come.
- 5:00Speaker 2: We're going to talk to the Fed Farmer's Chair Carl
- 5:02Speaker 2: Dean and Ruth Richardson from the Taxpayers Union. We know
- 5:05Speaker 2: executly where Ruth will stand on this, fuel say this
- 5:08Speaker 2: hasn't gone hard enough. What we'll find out just before six.
- 5:11Speaker 2: But next we're going to talk about education and the
- 5:13Speaker 2: shift from funding university to funding trades, and we're going
- 5:16Speaker 2: to speak to a principle to see if this is
- 5:18Speaker 2: the right thing for kids. It's twelve after five.
- 5:22Speaker 1: Before the news breaks. Here at first, Andrew Dickens on
- 5:25Speaker 1: early edition with Spark for business technology that keeps business
- 5:29Speaker 1: moving news talks that'd.
- 5:31Speaker 2: Be by fourteen. So the budget good news for high
- 5:34Speaker 2: schoolers and yesterday's budget, but only if they don't plan
- 5:38Speaker 2: to go to university because the government is taking the
- 5:40Speaker 2: funds from scrapping the third year fees free and they're
- 5:43Speaker 2: putting it towards doubling the amount of trade training opportunities.
- 5:46Speaker 2: So they'll now be twenty thousand placements over the next
- 5:49Speaker 2: four years. So joining me now is the principal of
- 5:51Speaker 2: Darfield High School, Andy England. Good morning to you. Andy.
- 5:55Speaker 2: What are so more trade students? Twenty thousand placements? Sounds good?
- 6:00Speaker 9: It does.
- 6:00Speaker 10: Yes, there'll be some students this morning. Kill me for
- 6:02Speaker 10: saying this because they are going to miss out on
- 6:05Speaker 10: the university thing, as you said, But I've been looking
- 6:07Speaker 10: forward for this for a long time. There was a
- 6:09Speaker 10: recent paper by Michael Johnson which advocated for just scrapping
- 6:14Speaker 10: the cap on places because really every student, we want
- 6:16Speaker 10: every student to be able to access what's right for them.
- 6:20Speaker 10: But trade academies are a fantastic model and I am
- 6:23Speaker 10: really excited to see this.
- 6:25Speaker 2: Is it worth it? When you consider that the cuts
- 6:27Speaker 2: two fees free that the university is now a little
- 6:30Speaker 2: less attractive than traits.
- 6:32Speaker 10: Well yeah, I mean the minister's will have their data,
- 6:35Speaker 10: common sense, and a lot of the students I've spoken
- 6:37Speaker 10: to would say that some students who've been sitting on
- 6:39Speaker 10: the fences of going to university are actually really hit
- 6:41Speaker 10: by that. And we obviously do need students going through university.
- 6:45Speaker 10: But I've been one of the people who's looked at
- 6:48Speaker 10: our system and thought, you know, for many years we've
- 6:50Speaker 10: been gearing school towards those people going to university, and
- 6:54Speaker 10: I've often advocated so rebalancing the way that we invest
- 6:59Speaker 10: in students. And I have to say, I think this
- 7:01Speaker 10: is going to really fit for a lot of students
- 7:03Speaker 10: trades academies as they work so well in that senior
- 7:07Speaker 10: school when you've got young people wanting to try out
- 7:10Speaker 10: polytechnics or trades training and still stay in school because
- 7:15Speaker 10: they're still young, and it just really fits that model.
- 7:19Speaker 2: Okay. The first thing I saw, the first criticism I
- 7:21Speaker 2: saw of it was on the Telly last night, and
- 7:22Speaker 2: there was somebody saying there is an absence of polytics
- 7:25Speaker 2: and rural areas. If your poly takes sixty miles away.
- 7:28Speaker 2: You know who's going to train you. So obviously they
- 7:30Speaker 2: said there'll be a need for local trades to take
- 7:33Speaker 2: on early trade education and rural areas. And do you
- 7:35Speaker 2: think those trades need to be upskilled to learn how
- 7:39Speaker 2: to teach the kids who have come straight from high school.
- 7:42Speaker 10: That would be my dream. We're in a rural area too,
- 7:45Speaker 10: not quite sixty ks from polytechnics. And one of the
- 7:49Speaker 10: great things with trades academy systems is that the transport
- 7:53Speaker 10: to the provider is paid for as part of the system,
- 7:55Speaker 10: so it makes it a lot more accessible. It also
- 7:58Speaker 10: means that providers can come to the students who need
- 8:00Speaker 10: the training. By yes, my dream would be that we
- 8:04Speaker 10: actually invest in the trades who are doing the providing
- 8:08Speaker 10: as well. But don't get me wrong, this is a
- 8:10Speaker 10: great way for a great step forward. To be honest,
- 8:12Speaker 10: I'd love to see universities also in captured investment. That's
- 8:15Speaker 10: an entirely different conversation, but as a start, this is great.
- 8:18Speaker 10: The extra places for students who are going to have
- 8:22Speaker 10: left school with nothing. That's also a big advantage. There's
- 8:25Speaker 10: a growing number of those students around the country, so
- 8:28Speaker 10: to see some folks. I'm getting those students into some
- 8:30Speaker 10: form of training. Is excellent.
- 8:32Speaker 2: Andy England, thank you so much for your time this morning.
- 8:34Speaker 2: Andy is the Darfield High School principle. What do you reckon?
- 8:36Speaker 2: You can take to me ninety two to ninety to
- 8:38Speaker 2: some bad news. By the way, you know that New
- 8:40Speaker 2: Zealander who was on board the cruise ship struck by
- 8:42Speaker 2: the hunt of virus outbreak. They've had their quarantine period
- 8:45Speaker 2: in Australia extended for another month. The Australian helped me
- 8:50Speaker 2: in the serphilical Max is the decision with It's made
- 8:52Speaker 2: because two more people from the cruise ship, one from
- 8:54Speaker 2: Spain and one from the Netherlands, tested positive for this virus.
- 8:57Speaker 2: That is a cruise that has gone horribly wrong. Something
- 9:01Speaker 2: going beautifully right is milk and Fonterra. The result released
- 9:05Speaker 2: yesterday and of course the budget as well. So we'll
- 9:07Speaker 2: talk to fed farmers next. It is seventeen minutes after five.
- 9:11Speaker 1: The news you need this morning and the in depth
- 9:14Speaker 1: analysis early edition with Andrew Dickens and Spark for Business
- 9:19Speaker 1: Technology that keeps Business moving News Talk z it B
- 9:22Speaker 1: five twenty.
- 9:23Speaker 2: Have you said thank God for dairy lately you should.
- 9:25Speaker 2: Our dairy sector is racking up win after win. Fonterra's
- 9:29Speaker 2: operating profit for its third quarter top one point eight
- 9:33Speaker 2: billion dollars, that's billion with a B, and that is
- 9:36Speaker 2: up one hundred and three million dollars. The long term
- 9:37Speaker 2: outlook is where the real excitement is though. For farmers,
- 9:39Speaker 2: they're they're predicting a farm gate milk price of around
- 9:42Speaker 2: nine dollars seventy five for the twenty six to twenty
- 9:45Speaker 2: seven season, and milk solids might even hit eleven dollars
- 9:49Speaker 2: a kilo. So the fed Farmer's Dairy chair is Carl Dean,
- 9:52Speaker 2: who joins me this morning.
- 9:54Speaker 9: Hello, Hello, Carl, Oh, good morning, Andrew.
- 9:58Speaker 2: I'm very good. How are you? You must be chill?
- 10:00Speaker 2: Gold golden era for dairy.
- 10:03Speaker 9: The definitely feeling like a golden ear fidairy at the moment.
- 10:06Speaker 9: That is, especially after the season. We've just had a
- 10:10Speaker 9: great growing season and a great milk price that are
- 10:14Speaker 9: predicted to end this season at seventy after last year's ten.
- 10:18Speaker 2: Dollars and the world's hunger for protein. So are they
- 10:22Speaker 2: wanting to buy our stuff?
- 10:25Speaker 9: Yeah? Yeah, And normally we see when we've got increased production,
- 10:28Speaker 9: the prices start to ease, and at the moment and
- 10:32Speaker 9: all counts as looking positive for the price for the
- 10:38Speaker 9: coming year.
- 10:38Speaker 2: So is there any more upside? I mean, if we're
- 10:41Speaker 2: producing at great levels and they're buying at great levels,
- 10:44Speaker 2: the question is is there any more growth in there?
- 10:49Speaker 9: I guess the world's population has always got potential growth
- 10:54Speaker 9: for protein consumption. So we hear, I hear. You know,
- 10:59Speaker 9: we're all going to of will Dairy summit. For instance,
- 11:02Speaker 9: in Chili last year they said the amount of the
- 11:06Speaker 9: growth in the dairy protein sector seman to continue for
- 11:09Speaker 9: another fifteen to twenty years as we have more people
- 11:12Speaker 9: move into the middle middle income of society. So yeah,
- 11:20Speaker 9: it doesn't seem to be a pause of that. There
- 11:23Speaker 9: might be some plateauing in the future years, but it
- 11:26Speaker 9: will come back again.
- 11:27Speaker 2: And how will this positive outlook, certainly for the next
- 11:30Speaker 2: twelve months of not eighteen months, if not more, How
- 11:33Speaker 2: will that affect the way farmers are planning the operation
- 11:36Speaker 2: of their farms.
- 11:39Speaker 9: Well, I suppose that at the moment, obviously, films will
- 11:41Speaker 9: be fairly cautious about the spay out because it is
- 11:44Speaker 9: an eight dollars to eleven dollar range. So Montia has
- 11:48Speaker 9: got a bit of easiness in there, and the fact
- 11:51Speaker 9: that it could go down to eight fifty eight dollars
- 11:54Speaker 9: and they have warned the farmers of that. But I
- 11:57Speaker 9: guess the long term average does look good, so that
- 12:02Speaker 9: for farmers means they have confidence to make sure they
- 12:05Speaker 9: keep them vesting in infrastructure, keep them vesting in technology,
- 12:09Speaker 9: in keeping vesting in people.
- 12:11Speaker 10: Okay.
- 12:11Speaker 2: And how farmers feeling about the budget, Well, I.
- 12:15Speaker 9: Think farmers are that's wibly okay with the budget. There's
- 12:18Speaker 9: nothing that's amazing in there. You know, it's a pretty
- 12:23Speaker 9: prudent budget, which is what most farmers would expect our
- 12:27Speaker 9: government to be doing when they're indeed.
- 12:29Speaker 2: Good stuff. Carl, thank you so much for getting up early,
- 12:31Speaker 2: though I guess it's not actually early for you. Karl
- 12:34Speaker 2: is the Fed Parmastairy chair. And there's some good news.
- 12:36Speaker 2: There's always a little bit of good news. There's always
- 12:39Speaker 2: a bit of good news, isn't it. It is now
- 12:41Speaker 2: five twenty three. This is News Talks.
- 12:42Speaker 1: He be the early edition full the show podcast on
- 12:46Speaker 1: iHeartRadio powered by News Talks.
- 12:48Speaker 3: It be.
- 12:50Speaker 2: News Talks. It's five twenty five. My name is Andrew Dickens.
- 12:52Speaker 2: I'm here for one day only, but of course Ryan
- 12:56Speaker 2: is away. He's away for two weeks, and so Francesca
- 12:59Speaker 2: Rugan will be your host next week. I saw the
- 13:01Speaker 2: budget once again. The budget. This time I'm going to
- 13:03Speaker 2: do the budget from the point of view of budget
- 13:05Speaker 2: for dummies. So this is the budget for dummies. It's out.
- 13:09Speaker 2: The government's done what it can do with the pickle
- 13:11Speaker 2: we're in. Put simply, we don't collect enough tax to
- 13:15Speaker 2: pay for the services we run and the people we
- 13:17Speaker 2: employ in the government. There are only two fixes to
- 13:21Speaker 2: such a problem. Collect more tax That is the Left answer,
- 13:24Speaker 2: though the last Left government didn't have the guts to
- 13:28Speaker 2: raise taxes even while increasing spending. The other answer is
- 13:33Speaker 2: to cut services and staff and what you're spending, which
- 13:36Speaker 2: is this government's preference. But the thing about cuts and
- 13:39Speaker 2: this sort of spending is its confidence. And then when
- 13:42Speaker 2: the private sector loses heart, tax revenue drops even further,
- 13:46Speaker 2: and then the problem just keeps on going. And remember,
- 13:48Speaker 2: the government is only forty percent of the economy. Our
- 13:51Speaker 2: real future depends on the private sector. That's sixty percent
- 13:54Speaker 2: of the economy. It's where the tax payers actually live.
- 13:58Speaker 2: So they've got to feel good and they've got to
- 13:59Speaker 2: be doing good. So the government is walking a tight
- 14:02Speaker 2: rope and so honestly, this budget is probably as balanced
- 14:06Speaker 2: as they could make it. Some will argue that we
- 14:08Speaker 2: should slash everything until the book's balance, but the last
- 14:12Speaker 2: two years of austerity light has showed that deep cuts
- 14:15Speaker 2: push the private sector into an even deeper funk, and
- 14:19Speaker 2: that's not good. Here is the good news. Treasury is
- 14:24Speaker 2: forecasting ten point eight billion dollars more in tax revenue
- 14:28Speaker 2: over the next five years without raising taxes. So where's
- 14:31Speaker 2: it coming from. Hopefully you and I are earning more
- 14:33Speaker 2: money because we're working better and the economy's going well. However,
- 14:37Speaker 2: spending is still rising, but because it's not keeping pace
- 14:41Speaker 2: with inflation, that's effectively a real terms cut. I think
- 14:44Speaker 2: it's seven hundred and seventy million dollars right, but in fact,
- 14:47Speaker 2: the way inflation is going on and the way we
- 14:50Speaker 2: spend and just how much we spend that's actually less
- 14:53Speaker 2: than inflation. That means it's a real cut. But monetarily
- 14:57Speaker 2: it seems like it's going up anyway. So this budget
- 15:00Speaker 2: says that bit by bit we're inching towards a healthier position.
- 15:05Speaker 2: The only other option is raising taxes. And remember even
- 15:11Speaker 2: Chrishipkins couldn't vote for that last election. Sid just been
- 15:16Speaker 2: reading that Donald Trump, you know about Donald Trump renovating
- 15:19Speaker 2: the Lincoln Reflecting Pool, that amazing pool that was in
- 15:22Speaker 2: Forrest Gump. You know, remember Forrest walked through the pool
- 15:26Speaker 2: and there was a whole lot of arjibargi because they've
- 15:28Speaker 2: decided to paint the thing blue. And when you painted blue,
- 15:31Speaker 2: it starts to look like a David Hockney pool, you know,
- 15:33Speaker 2: from the paintings in California, And that's not what it
- 15:35Speaker 2: was supposed to be. It's supposed to be concrete colored.
- 15:38Speaker 2: So it reflected the big old, big old spirry thing
- 15:40Speaker 2: on the end of the pool. But now Donald says
- 15:43Speaker 2: pools should be blue, so they went to blue. That
- 15:46Speaker 2: was the controversy. Then today it's found that the US
- 15:50Speaker 2: National Park Service analysis has found that there's a bit
- 15:55Speaker 2: of money being made by the firm fixing up the pool.
- 15:57Speaker 2: The Virginia based Atlantic Industrial Coating submitted a that charged
- 16:01Speaker 2: a twenty percent profit margin. Now normally in federal construction
- 16:04Speaker 2: costs it's six to twelve percent, but these guys, they
- 16:07Speaker 2: went twenty percent, and that added at least eight hundred
- 16:10Speaker 2: and fifty thousand dollars to what a more typical contract
- 16:16Speaker 2: could have cost. So you know, Donald's friends make money.
- 16:19Speaker 2: And of course the pool's going to be blue. Vincent
- 16:22Speaker 2: Macaveni is as our international correspondent today and he's going
- 16:25Speaker 2: to be talking about what's been happening in Iran. The
- 16:29Speaker 2: Islamic Revolutionary Guard has been busy and they've been targeting
- 16:34Speaker 2: Kuwaits and more on that. With Vincent still to come,
- 16:36Speaker 2: we've got Ruth Richardson to appear just before six o'clock
- 16:39Speaker 2: and right after the News and Sport lt about the
- 16:41Speaker 2: LTL Royal Music Awards, who won the big awards, and
- 16:44Speaker 2: we'll play a little bit of Marlon Williams, who's about
- 16:47Speaker 2: to take a bit of a breather, is going to
- 16:48Speaker 2: take a break from music, and so he went out
- 16:51Speaker 2: with a bit of a bang. He's been doing a
- 16:53Speaker 2: concert tour. Now he's gone one all the awards and
- 16:55Speaker 2: now he can sit back and put on his glosses
- 16:58Speaker 2: and walk around whatever property he's got where if he's
- 17:00Speaker 2: got it, well done, Marlon Williams and more. This is
- 17:05Speaker 2: early edition. I'm Andrew Dickens. This is News Talks, MB
- 17:07Speaker 2: News and Sport US Next.
- 17:40Speaker 1: Andrew Dickens on early edition with Spark for business technology
- 17:45Speaker 1: that keeps business moving, Used Talks It b.
- 17:50Speaker 2: Keithab Well, I promise you so Malon Williams, here he is.
- 18:00Speaker 2: This is the song of One, Best Single of the Year.
- 18:03Speaker 2: Marlon dominated the Artil Royal Music Awards last night. It
- 18:06Speaker 2: took Best Solo out a Single of the Year and
- 18:08Speaker 2: Best Album. So well done. I mean, if you go
- 18:11Speaker 2: along to a Marlon Williams concert, it's packed. He sells
- 18:14Speaker 2: out big venues. He played the Civic the other day
- 18:17Speaker 2: in Auckland. He's played Spark Arena, you know. And then
- 18:20Speaker 2: you see the love people have for him. So he's
- 18:22Speaker 2: very much love. But he's taking a break now for
- 18:25Speaker 2: a little while, Flushed with money from his concert tour,
- 18:28Speaker 2: flushed with success from the awards tour. You enjoy It.
- 18:32Speaker 2: Lord won the Best Pop Artist in International Achievement and
- 18:35Speaker 2: said that New Zealand sits in her heart and that
- 18:37Speaker 2: inspires her. Can you believe it that hanaud Lafitti might
- 18:40Speaker 2: be hit? Clark got an award along with Stan Walker
- 18:44Speaker 2: because Stan sampled her Hucker. You may remember the hucker.
- 18:49Speaker 2: He stumbled it in a song, so she ended up
- 18:51Speaker 2: getting award. It was nice to see a Marlon Party
- 18:55Speaker 2: person out and about. Actually maybe they might even say something.
- 18:58Speaker 2: I doubt it. And of course Damed Linda Top made
- 19:02Speaker 2: an emotional appearance honoring her late sister Jewels and having
- 19:05Speaker 2: a huge, big old crack at the government, including blue
- 19:08Speaker 2: language as well. And I've had a lot of reaction
- 19:10Speaker 2: to all of this, of course, some people calling Linda
- 19:13Speaker 2: Top of treasure and other people calling her an unhinged lunatic.
- 19:18Speaker 2: So listen to her crack. She wants more funding for
- 19:21Speaker 2: music and she hates war and that's about it. And
- 19:24Speaker 2: I think that's every musician ever, if you ever won
- 19:27Speaker 2: one of these awards. Congratulations, hope you had a good night.
- 19:30Speaker 2: It's twenty two minutes to six Z be way around
- 19:34Speaker 2: the country. We go in first to Otago Callum Proctor,
- 19:37Speaker 2: Good morning to you morning, Andrew. So what's happening for
- 19:40Speaker 2: Otago boaties?
- 19:42Speaker 11: Big changes from today. They're facing tougher rules on the
- 19:45Speaker 11: water from the sweekend. The Regional councils adopting new navigational
- 19:50Speaker 11: by laws for our Otaga Harbor, our coastal waters and
- 19:54Speaker 11: also Lake Dunstan, a busy waterway in central Otago. This
- 19:58Speaker 11: is all aimed at improving safety. Of of course, the
- 20:00Speaker 11: changes include mandatory tracking systems for larger commercial vessels, new
- 20:04Speaker 11: anchoring restrictions in Otago Harbor, and online reporting for maritime incidents.
- 20:09Speaker 11: Pete Dryden's our deputy harbor Master. He says requiring automatic
- 20:13Speaker 11: ID systems on commercial boats will help prevent mishaps on
- 20:16Speaker 11: these busy waterways. And these new by laws coming to
- 20:20Speaker 11: force officially on Sunday.
- 20:21Speaker 2: Such such a good harbor anyway. How's your weather?
- 20:26Speaker 11: Frosty start again here but fine days fog develops this
- 20:28Speaker 11: evening light winds thirteen hour high.
- 20:31Speaker 2: Thank you so much. To christ Jurch we go cleer sure,
- 20:33Speaker 2: we're good morning to you.
- 20:34Speaker 4: Good morning.
- 20:35Speaker 2: What's the latest news? How Christiach Airport? Well, it just.
- 20:38Speaker 4: Keeps coming for Christchurch Airport. We've got China Southern now
- 20:40Speaker 4: being the latest dairline to increase capacity for the upcoming summer.
- 20:44Speaker 4: The airline will operate daily flights between guan Jao and
- 20:47Speaker 4: the Garden City from October until March. This is for
- 20:51Speaker 4: the first time ever and it will add about twenty
- 20:53Speaker 4: thousand seats to the market. It is a week after
- 20:55Speaker 4: in New Zealand announced the routes to Tokyo, Perth and
- 20:58Speaker 4: Singapore from christ Jurge. The airport's Aeronautical Development General Manager,
- 21:02Speaker 4: Gordon Bevin, says there is real momentum building again between
- 21:05Speaker 4: New Zealand and China and daily services are great for
- 21:09Speaker 4: the South Island's visitor economy. He says, Chinese visitors love
- 21:13Speaker 4: what the region has to offer and this will enable
- 21:16Speaker 4: more people to experience that.
- 21:17Speaker 2: When's the snow coming, Oh.
- 21:20Speaker 4: Well, anytime now, according to what it feels like out there.
- 21:22Speaker 2: I know it's cold, but it's dry and so they're
- 21:24Speaker 2: making artificial snow. And I think with June just around
- 21:27Speaker 2: the court of people certainly get a bit freaky. Let's
- 21:29Speaker 2: get some snow. So let's talk about the whare the
- 21:31Speaker 2: house of weather for Canterbury.
- 21:33Speaker 4: For Christ today find aside from this foggy and frosty
- 21:36Speaker 4: start northeast of east developing a bit later and a high.
- 21:38Speaker 2: Fourteen Dwellington we go. Adam Cooper, good morning to you morning.
- 21:41Speaker 3: Andrew.
- 21:42Speaker 2: Tell me about the litany of disaster that was the
- 21:45Speaker 2: grounding of the Inter Island Ferry back in twenty twenty four.
- 21:48Speaker 12: Yeah, the arty ran aground with forty seven people on
- 21:51Speaker 12: board and Pixon Harbor. It was over night in June
- 21:54Speaker 12: twenty twenty four. Now the Transport Accident Investigation Commissions release
- 21:58Speaker 12: its final report on this. They've ruled it came down
- 22:00Speaker 12: to lack of instructions on using a new steering system
- 22:03Speaker 12: which had been installed. Investigators have found crews weren't trained
- 22:07Speaker 12: in the replacement steering systems, two safety critical operational differences.
- 22:13Speaker 12: I mean to the ship's autopilot turned thirty four degrees
- 22:16Speaker 12: towards shore instead of the programmed three degree turn the
- 22:19Speaker 12: bridge teams expected. And we all know those pictures of
- 22:22Speaker 12: where it ended up in the Marlborough Sounds. Interland has
- 22:25Speaker 12: since updated training and management processes. In summary, though investigators
- 22:30Speaker 12: are convinced that the grounding will not be repeated in
- 22:33Speaker 12: New Zealand, and no formal recommendations have been made.
- 22:36Speaker 2: So if you're driving a ferry, if you want to
- 22:39Speaker 2: turn off the autopilot, you hold it down for the
- 22:41Speaker 2: button down for five seconds and then everything sweet. It
- 22:44Speaker 2: seems pretty simple. Just a man sounds like it. Yeah,
- 22:46Speaker 2: I know, okay, So how's weather for Wellington morning Cloud
- 22:50Speaker 2: and Fogg today then fine and a higher fifteen and
- 22:53Speaker 2: walcome we go, never let to mond a good morning
- 22:54Speaker 2: to you.
- 22:54Speaker 13: Goo's morning, Andrew.
- 22:55Speaker 2: The Mexican Cafe has been going for forty three years, yes,
- 22:59Speaker 2: but now it's it needs a new owner or it
- 23:01Speaker 2: might close.
- 23:01Speaker 13: That's right, it's in trouble. And most Aucklanders, you and
- 23:05Speaker 13: I you've probably been there many many a time. We
- 23:08Speaker 13: know the Mexican Cafe very well. It's on Victoria Street West,
- 23:11Speaker 13: just opposite Sky Tower. You're quite right, Andrew urgently seeking
- 23:15Speaker 13: a buyer after forty three years. So owner Bruce Glover says, Look,
- 23:19Speaker 13: the Diners suffered through years of disruption, you know, as
- 23:22Speaker 13: we all know, through the City rail Link construction. Now
- 23:25Speaker 13: it risks folding just before that project opens later this year,
- 23:29Speaker 13: you know. And it's also part of a lot of
- 23:30Speaker 13: these restaurants that are closing down a struggling Bruce Glover
- 23:33Speaker 13: says that he feels it's the right time to hand
- 23:35Speaker 13: over the reins. He's looking for a buyer or investor
- 23:38Speaker 13: willing to take it strongly, strongly into the future.
- 23:40Speaker 2: Yeah yeah, and remember that train station is just about
- 23:43Speaker 2: to open it and so you know, a business could
- 23:44Speaker 2: pick up quills. But forty three years. Oh, that's excellent
- 23:48Speaker 2: in hospitality. No wonder, you're a bit bugger, Bruce, go
- 23:51Speaker 2: and take some time off. How's the weather?
- 23:52Speaker 13: Never the weather, Well, it's partly cloudy. We've got areas
- 23:55Speaker 13: of morning fog. Seventeenth still very mild here in Auckland
- 23:58Speaker 13: for this time of year, seventeen the high here in all.
- 24:00Speaker 2: Thank you so much. It's now seventeen minutes to six now.
- 24:03Speaker 2: Texts through Judy says, morning Andrew. Nice to hear you
- 24:05Speaker 2: early in the day. Yes, is very early in the day.
- 24:08Speaker 2: But Andrew, this is about the the Fonterra price. Andrew,
- 24:11Speaker 2: while this is a great steady result for us dairy farmers,
- 24:13Speaker 2: we need to wrap some content around it. Back in
- 24:15Speaker 2: two thousand and eight in today's money, the milk price
- 24:18Speaker 2: was eleven dollars thirty three and of course our costs
- 24:21Speaker 2: were lower. So while this has all been very positive
- 24:24Speaker 2: news yesterday out of Fonterra, we are just trying to
- 24:27Speaker 2: keep pace and we need to put it in perspective. Judy,
- 24:30Speaker 2: thank you so much for listening, and thank you for
- 24:31Speaker 2: that that insight. And then I talked about the reflecting
- 24:35Speaker 2: pool and the twenty percent profit margin the contractor is doing.
- 24:39Speaker 2: And someone says, oh my god, someone makes some money
- 24:41Speaker 2: and the pool is blue sharkhara. I'm sorry. This is
- 24:45Speaker 2: the major problem affecting Auckland, New Zealand councils, in New Zealand, governments,
- 24:49Speaker 2: in fact governments all around the world. It's contractors on
- 24:53Speaker 2: the taxpayers money taking the piss. This is a twenty
- 24:57Speaker 2: percent profit margin. Normally it's eight to twelve percent. This
- 25:00Speaker 2: is a twenty percent profit margin. And if you just
- 25:03Speaker 2: don't get worried about that, everyone does it and before
- 25:06Speaker 2: you know it, your spending through the roof. Ask anyone
- 25:09Speaker 2: who makes a raised pedestrian crossing. So yeah, it is
- 25:14Speaker 2: actually shock horror. Sixteen to six. We're off to Europe.
- 25:18Speaker 2: At a few moments time. Vincent mcaveni with the latest
- 25:20Speaker 2: details on the strike by Iran on Kuwait. So when
- 25:26Speaker 2: it comes to selling property, timing is everything if you
- 25:28Speaker 2: want the best return, but then you probably already know
- 25:31Speaker 2: that if you're a developer with properties that are ready
- 25:33Speaker 2: to go to the market but you want to hold
- 25:35Speaker 2: off until the time is right, or if you own
- 25:38Speaker 2: unsold property and want more time to sell down on
- 25:40Speaker 2: your terms, or perhaps you just want to settle your
- 25:43Speaker 2: next property before you sold your existing one. It may
- 25:46Speaker 2: be time for a chat with your mortgage advisor about
- 25:48Speaker 2: DBR now. DBR is a New Zealand non bank lender
- 25:53Speaker 2: who can provide open ended bridging loans two approved customers,
- 25:57Speaker 2: something that most banks and lenders won't help with. A
- 25:59Speaker 2: bridging loan gives you that valuable time to wait for
- 26:01Speaker 2: an improving market rather than selling your properly, probably hastily
- 26:04Speaker 2: in a soft market. Don't want to do that, knowing
- 26:07Speaker 2: you could have got a much bit of return. But
- 26:09Speaker 2: DBR only lins via registered financial advisors with a financial
- 26:14Speaker 2: advice provider license, So find that person. Find your advisor
- 26:18Speaker 2: today and talk to them about whether a bridging loan
- 26:20Speaker 2: from dB A might be right for you.
- 26:24Speaker 1: International correspondence with ins and Eye Insurance Peace of Mind
- 26:28Speaker 1: for New Zealand Business twelve.
- 26:30Speaker 2: To six Europe, we go Vincent Mecavini, Good morning to you.
- 26:34Speaker 2: Good morning, so Kuwait Iran a text Kuwait tell me
- 26:38Speaker 2: the story.
- 26:39Speaker 14: Yeah, that's right. So overnight we've seen fresh clashes between
- 26:43Speaker 14: Iran and the United States despite that tentative peace agreement
- 26:47Speaker 14: Iran has tried to strike a US base in Q eight,
- 26:51Speaker 14: but they say they managed to intercept hostile missiles and
- 26:55Speaker 14: drone threats. But meanwhile the US has also struck drones
- 27:00Speaker 14: operating over the Strait of Hormers, but also a port
- 27:04Speaker 14: in Iran where they say ships have been leaving and
- 27:07Speaker 14: putting down minds in that key strategic straight So things
- 27:10Speaker 14: heating up a little bit. And in the past hour,
- 27:13Speaker 14: Donald Trump has reported to have sent a draft peace
- 27:16Speaker 14: agreement to allies, including Israel, but is still undecided. He
- 27:21Speaker 14: says he wants a few more days to think about it.
- 27:23Speaker 14: But Pakistan's foreign minister will fly to Washington on Friday.
- 27:28Speaker 14: They have been an intermediary between the two sides, so
- 27:31Speaker 14: maybe there might be some movement over the course of
- 27:33Speaker 14: the weekend.
- 27:35Speaker 2: It really is very hot in Europe right now. We've
- 27:37Speaker 2: hit the news at Simma, who was the hot favorite
- 27:39Speaker 2: for the Fringe Open and actually wilted completely in the
- 27:41Speaker 2: last three seats and is out of the whole thing.
- 27:43Speaker 2: He was the number two seed. How hot is it
- 27:46Speaker 2: in the UK? Yeah, really hot. So we've broken the
- 27:50Speaker 2: record two days in a row here in the UK
- 27:53Speaker 2: for the hottest May day on Monday it got up
- 27:57Speaker 2: to about thirty four point zero eight degrees, and then
- 28:01Speaker 2: on Tuesday at London's Heathrow Airport in Q Gardens in
- 28:05Speaker 2: the west of London, he got up to thirty five
- 28:07Speaker 2: point one degrees, So a huge milestone that the weather
- 28:11Speaker 2: here is still sitting at around sort of twenty seven
- 28:14Speaker 2: twenty eight degrees through to Sunday. So the UK currently
- 28:17Speaker 2: sort of basking in warm weather. But authorities weather authorities
- 28:21Speaker 2: in this country saying this is really now proof that
- 28:23Speaker 2: our climate has changed significantly in terms of when we
- 28:27Speaker 2: experienced the hot when we experienced the hottest times of
- 28:30Speaker 2: year in the UK, it's not so much July and
- 28:32Speaker 2: August now it's a particularly sort of May, June and
- 28:35Speaker 2: early July. Yes, it's moving and I thank you very
- 28:37Speaker 2: much that has been to Megavinni. And it is now
- 28:39Speaker 2: ten to six zidby So of course Nicola Willis presented
- 28:44Speaker 2: her lovely scramble lists budget yesterday.
- 28:48Speaker 8: I know Mini Kiwis are doing it tough right now
- 28:52Speaker 8: and I would love to be able to give them
- 28:54Speaker 8: the immediate relief that so many want, but I know
- 28:57Speaker 8: it is their future selves that would pay for them.
- 29:00Speaker 13: With interest.
- 29:02Speaker 2: The big winners were infrastructure, health and education. Plus he
- 29:04Speaker 2: was predicting a return to suplus sooner than expected using
- 29:08Speaker 2: some interesting metrics.
- 29:09Speaker 9: Though.
- 29:10Speaker 2: Ruth Richardson is a former finance minister, chair of the
- 29:12Speaker 2: Taxpayers Union and joins you now got boarding to you.
- 29:14Speaker 9: Ruth, good morning.
- 29:16Speaker 2: I'm going to guess you think there's not enough savings
- 29:18Speaker 2: in this thing.
- 29:20Speaker 15: Well, first things first, New Zealand should breathe a huge
- 29:23Speaker 15: sigh of relief that the government has understood the imperative
- 29:27Speaker 15: for fiscal responsibility. I mean, this really does face up
- 29:30Speaker 15: to our problem and throws down the gauntlet to those
- 29:33Speaker 15: who remain addicted to tax, spend and borrow. That's a
- 29:36Speaker 15: failed formula.
- 29:38Speaker 2: Where did Nichola go soft when she could have gone hard?
- 29:43Speaker 9: Well, I don't think it's a matter of soft.
- 29:45Speaker 15: It's the rhetoric is very important. It's got a nice
- 29:50Speaker 15: ring to it. Back to black. But does the reality
- 29:55Speaker 15: match the rhetoric? And that's the big question that we
- 29:58Speaker 15: should ask. I mean, Dickkinton used to rise, the operating
- 30:01Speaker 15: allowance continues to rise. Numbers can change. There are a
- 30:05Speaker 15: lot of heroic assumptions in those numbers, and it's all
- 30:08Speaker 15: on a promise that while they're spending for now, we
- 30:12Speaker 15: will have savings later. So there are two big risks,
- 30:15Speaker 15: the failure to execute or the reversion to old fiscal habits.
- 30:19Speaker 2: Yes, do you see a surplus in twenty eight twenty nine?
- 30:22Speaker 2: As you said, some of the some of the aspirations
- 30:25Speaker 2: are somewhat heroic. Do you think the Treasury's predictions are
- 30:29Speaker 2: a bit too rosy?
- 30:31Speaker 15: Well, reasonable people can disagree, and the Reserve Bank has
- 30:35Speaker 15: a different set of numbers. I think the reality will
- 30:37Speaker 15: turn out to be different. This is all those shifting
- 30:40Speaker 15: sounds of what might happen in the Middle East and
- 30:42Speaker 15: the reverberations from that. So I don't think that we
- 30:46Speaker 15: should be banking that as a surplus. Slam dunk. I
- 30:50Speaker 15: think the direction of travel is important, and that is
- 30:54Speaker 15: the commitment at last to try to have a major
- 30:58Speaker 15: course correction in the New Zealand for school ships, which
- 31:01Speaker 15: quite frankly has been you know, sailing to the rocks.
- 31:06Speaker 2: Excuse me, Nicholas obviously fighting her coalition partners, It's fair
- 31:09Speaker 2: to say, is this MMP once again holding us back
- 31:12Speaker 2: from making positive and direct decisions.
- 31:17Speaker 15: Well, to be fair to the Minister, I think she
- 31:20Speaker 15: has taken the leaders she should. Her three associate Ministers
- 31:25Speaker 15: of Finance, two of them come from the Coalition Partners
- 31:28Speaker 15: Act in New Zealand. First it's their budget as well.
- 31:33Speaker 15: But I do worry about reversion. Are you already here politicking?
- 31:37Speaker 9: Which is or we.
- 31:38Speaker 15: Can go and buy a bank, no problem in that,
- 31:41Speaker 15: we can finance that, or we don't need to do
- 31:43Speaker 15: anything about superannuation. I mean that's just sheer lunacy.
- 31:48Speaker 2: That's my final question, Ruth, because Nicola Willis came out
- 31:50Speaker 2: and there's a bit of algibarge between between Shane Jones
- 31:53Speaker 2: and Winston Peters and Nicola when she actually said we've
- 31:56Speaker 2: got to start seriously thinking about superannuation. How do we
- 31:59Speaker 2: do that?
- 32:01Speaker 15: Well, it's all boils down to leadership and facing the facts.
- 32:05Speaker 15: The fact that unless we shrink superannuation it will monster
- 32:09Speaker 15: the budget. It needs to be addressed. In my time,
- 32:12Speaker 15: we lifted the age of eligibility. That's an obvious first
- 32:16Speaker 15: step that we should be taking to shrink the superannuation build.
- 32:21Speaker 2: Ruth, I thank you so much for your time today.
- 32:22Speaker 2: That is with Richardson Taxpayers Union Chair, former Finance minister
- 32:25Speaker 2: and a person who knows about austerity and how to
- 32:28Speaker 2: make the hard decisions. Remember always there is retail politics
- 32:32Speaker 2: at play here, as this trust found out, sometimes the
- 32:35Speaker 2: right thing to do can be the wrong thing to
- 32:37Speaker 2: keep the Treasury benches. But I think the balance is
- 32:39Speaker 2: about right.
- 32:42Speaker 1: News and views you trust to start your day. It's
- 32:45Speaker 1: earlier this ship with Andrew Dickins and Spark for business
- 32:49Speaker 1: technology that keeps business moving, news talks that be for the.
- 32:53Speaker 2: Last time in a fortnite Mike Hosking is after six o'clock.
- 32:55Speaker 2: So you're heading up north and I heard before a
- 33:00Speaker 2: big debate in your family about whether you're going to
- 33:01Speaker 2: buy an e bike for your son.
- 33:04Speaker 16: He wants the shortage of bikes in Scotland because everyone's
- 33:08Speaker 16: a cyclist in Scotland apparently. So he's in Edinburgh and
- 33:12Speaker 16: you can't buy a bike if you wanted to in Edinburgh.
- 33:14Speaker 16: You've got to go to Glasgow, which we're not going
- 33:17Speaker 16: to do. But so he's been sourced with the task
- 33:20Speaker 16: of finding a bike for himself. And when we arrive, well,
- 33:22Speaker 16: I don't know, transfer some money and.
- 33:24Speaker 2: See here you'll pay for When do you stop paying
- 33:26Speaker 2: for children?
- 33:27Speaker 9: Mate?
- 33:27Speaker 16: It's a very good question and well, he's twenty five
- 33:29Speaker 16: and the answer is not yet, obviously, and the other
- 33:32Speaker 16: one the other day was turning twenty seven and the
- 33:34Speaker 16: answer was not yet. So I'm hoping soon just to
- 33:40Speaker 16: get that message out there. Willis and Willison Peters for you.
- 33:43Speaker 2: Very good, you know, having a bit of an argie bag. Yes,
- 33:45Speaker 2: a bit of a fight indeed. Okay, and I thank
- 33:47Speaker 2: you very much. I'm Andrew Dickins. I'm not here next
- 33:49Speaker 2: week all the week after in fact, because Ryan's gone
- 33:51Speaker 2: on holiday too. Will be Francesca Ruggan Johnny for the
- 33:54Speaker 2: holiday Breakfast on Monday, and then the Drive Show for
- 33:56Speaker 2: a couple of weeks. Have a fabulous day, tadah My.
- 34:00Speaker 2: Thanks to producer Carry.
- 34:08Speaker 1: For more from Early Edition with Ryan Bridge. Listen live
- 34:11Speaker 1: to News Talks it'd be from five am weekdays, or
- 34:14Speaker 1: follow the podcast on iHeartRadio.