Latest / Early Edition with Ryan Bridge / Full Show Podcast: 01 May 2026

Transcript

Full Show Podcast: 01 May 2026 · Early Edition with Ryan Bridge

0:00
Speaker 1: The issues, the interviews and the insight. Ryan Bridge on
0:05
Speaker 1: early edition with Spark for business technology that keeps business moving,
0:09
Speaker 1: news talks, there'd be morning.
0:11
Speaker 2: Wasn't a Friday? At six after five? We'll keep you
0:13
Speaker 2: right across business news and sport this morning, starting with
0:16
Speaker 2: Business at the mount Down fifty percent? When is that
0:19
Speaker 2: thing going to open? Vincent's in the UK For us,
0:21
Speaker 2: We'll head to London the New Zealand Open director on
0:24
Speaker 2: live and the fact that Staudi's are pulling funding. Also
0:27
Speaker 2: look at the immigration visa rejections this morning too, the agenda.
0:33
Speaker 2: It's Friday, the first of May. Starting in the UK.
0:35
Speaker 2: Starmer's announced twenty five million pounds to protect the UK
0:38
Speaker 2: Jewish community after that stabbing.
0:40
Speaker 3: I've just come back from Golden Screen where I expressed
0:44
Speaker 3: my sadness and solidarity with that community, but also my
0:51
Speaker 3: determination to act because the truth is this attack is
0:58
Speaker 3: not a one off. There have been a series of attacks.
1:02
Speaker 2: Yes, we know that's the problem, and how is throwing
1:06
Speaker 2: money at it? Twenty five million pounds meant to actually
1:08
Speaker 2: solve anything, not going to change hearts and minds? Is
1:10
Speaker 2: that that's your problem you've got anyway, it turns out.
1:12
Speaker 2: The forty five year old suspect was already on the
1:15
Speaker 2: government radar and was referred to the prevent program back
1:19
Speaker 2: in twenty twenty. This is spark calls for the government
1:22
Speaker 2: to actually get rid of the pro Palestine marches altogether.
1:25
Speaker 4: I have recognized already that I think our public order legislation,
1:30
Speaker 4: insofar as it relates to protests and hate crime incidents
1:34
Speaker 4: our protests, is potentially out of date, and that legal
1:38
Speaker 4: framework needs a fresh look.
1:40
Speaker 2: So Trump to this to the US and Millennia have
1:42
Speaker 2: said goodbye, final goodbyes to King Charles and Queen Camiller
1:46
Speaker 2: as they wrap up their state visits, posed for a
1:49
Speaker 2: White House photo, while Trump called him the greatest king
1:51
Speaker 2: in his books, great King was the greatest king my brother. Finally,
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Speaker 2: banks Is added again confirming a mystery statue in central
2:02
Speaker 2: London is in fact his. It's a suited figure stepping
2:06
Speaker 2: off a plump with his face hidden behind a flag,
2:09
Speaker 2: and it's signed by the man himself. It's called Blinded
2:12
Speaker 2: by the Flag by Banksy. Personally, I think what's.
2:16
Speaker 5: Rather clever about it is he's got the proportions perfectly
2:19
Speaker 5: right for the space.
2:22
Speaker 2: I will said, rather like it when art which is
2:24
Speaker 2: for good could be controversial, it could be stimulating in
2:28
Speaker 2: this way.
2:30
Speaker 1: Get ahead of the headlines on early edition with Ryan
2:34
Speaker 1: Bridge and Spark for business technology that keeps business moving, news.
2:39
Speaker 2: Talks that'd be stiminating proportions. It's nine minutes after five
2:42
Speaker 2: nine two nine two is the number to text the
2:44
Speaker 2: US have. We've got a GDP number for them for
2:47
Speaker 2: quarter one. The annualized rate two percent, but below what
2:50
Speaker 2: the economists were expecting. Earlier in the week, I mentioned
2:52
Speaker 2: that the Wall Street Journal, they do a survey of economists,
2:56
Speaker 2: they were expecting two point two percent for the quarter.
3:00
Speaker 2: Come in at two. Consumers spending this is your main
3:02
Speaker 2: engine of the US economy. That was up one point
3:05
Speaker 2: six percent for the first quarter, slower than the one
3:08
Speaker 2: point nine for the fourth quarter of last year. So
3:12
Speaker 2: your consumers are out spending, but not as much as
3:14
Speaker 2: they were in the last bit of last year. Business
3:17
Speaker 2: is picking up the slacks spending on intellectual property equipment
3:21
Speaker 2: think AI. This is keeping them afloat. So they're calling
3:25
Speaker 2: this an AI lead surge in the economy rather than
3:29
Speaker 2: a consumer lead surge in the economy, which is what
3:32
Speaker 2: you typically expect from America. Brent crude. We mentioned this yesterday,
3:37
Speaker 2: got up even further after we last spoke, so to
3:39
Speaker 2: one hundred and twenty five dollars a barrow. This is
3:41
Speaker 2: Brin crude futures after the Trump talk about the Strait
3:45
Speaker 2: uphill moves, but has now fall into around one hundred
3:48
Speaker 2: and fourteen. Last time I checked Taiwan just while we're
3:51
Speaker 2: on AI doing very well, thank you very much, and
3:54
Speaker 2: will come to the numbers from the big tech companies
3:57
Speaker 2: yesterday their results and how well they are doing off
4:00
Speaker 2: the back of AI. But Taiwan also doing very well
4:04
Speaker 2: off AI because they make the chips. Their economy grew
4:07
Speaker 2: at its fastest pace in forty years. They have announced,
4:11
Speaker 2: thanks to the AI boom, thirteen point seven percent year
4:15
Speaker 2: on year increase in GDP in the first quarter, nearly
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Speaker 2: fourteen percent growth GDP for the quarter alone two point
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Speaker 2: eight percent, and their economy had already grown last year
4:29
Speaker 2: at one of the fastest rates in the world, with
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Speaker 2: GDP expanding almost nine percent. So great time to be
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Speaker 2: a chip maker in Taiwan.
4:36
Speaker 1: Brian Bread, come.
4:37
Speaker 2: Ten minutes after five, and I want to tell you
4:40
Speaker 2: about cash. Do you get cash out of the ATM
4:43
Speaker 2: very often and what do you use it for? Nine
4:45
Speaker 2: two nine two, I'll tell you why. There's new numbers
4:48
Speaker 2: out on that yesterday, which I want to get to
4:49
Speaker 2: you do. You know it's funny sometimes the text we
4:52
Speaker 2: get here at newstalks 'd b Normally there is a
4:55
Speaker 2: really my day always starts with a really homophobic text
4:59
Speaker 2: from the same I'm assuming it's the same person, unless
5:02
Speaker 2: there are lots of you out there anyway. Today's one
5:05
Speaker 2: just says shoot possums and media rats. That's lovely. I mean,
5:10
Speaker 2: don't get me wrong, there's plenty of lovely texts. There's
5:12
Speaker 2: more lovely texts than there are texts like that. But
5:14
Speaker 2: it's just funny coming in and seeing that first thing
5:17
Speaker 2: in the morning. Eleven after five, you're on News Talks MB.
5:21
Speaker 1: News and Views you trust to start your day. It's
5:24
Speaker 1: early edition with Ryan Bridge and Spark for business Technology
5:29
Speaker 1: that keeps business moving.
5:30
Speaker 2: Hues talks that'd be great to have your company at
5:32
Speaker 2: five point thirteen on a Friday morning. Cash, the black market,
5:37
Speaker 2: cash jobs, all of these things going to benefit but
5:40
Speaker 2: by the fact that we have more of it in
5:42
Speaker 2: our back pockets. Some numbers yesterday, new data out on
5:45
Speaker 2: how much cash we are carrying, and it's quite astounding, really.
5:48
Speaker 2: We took out an extra billion dollars in cash, withdrew
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Speaker 2: from ATM's one billion extra in cash in the last
5:56
Speaker 2: twelve months, so took us from eight and a half
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Speaker 2: billion total up eleven sent to nine and a half
6:01
Speaker 2: billion total. And the popularity of particular banknotes, so if
6:05
Speaker 2: you look at ten dollar notes up ten percent on
6:07
Speaker 2: the year before, twenty dollar notes up twenty percent on
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Speaker 2: the year before, fifty dollar notes up twelve percent, and
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Speaker 2: one hundreds just seven and they reckon that the lower
6:18
Speaker 2: the denomination, the more likely it is to be used
6:20
Speaker 2: for nefarious purposes. Bridge not the only reason, of course,
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Speaker 2: but particularly one of them. Now we're rejecting fewer visa
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Speaker 2: applications in this country, the numbers now to post COVID low.
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Speaker 2: Last year's rejection rate was six point three percent, down
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Speaker 2: from seven point three the previous two years. India made
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Speaker 2: up the largest share of rejections, at almost thirty percent
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Speaker 2: last year. Pooja Sunda is an immigration lawyer and joins
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Speaker 2: US this morning. Good morning morning. So what does this
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Speaker 2: make sense? Because we now have for the Chinese and
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Speaker 2: for some Pacific countries We've got visa waivers, right, so
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Speaker 2: it would make sense that we have fewer rejections.
6:57
Speaker 6: It does, and I think they're also post COVID. There
7:01
Speaker 6: was a new visa type, the Curtis and Employer Work Visa.
7:04
Speaker 6: There were people who were still trying to understand the
7:06
Speaker 6: requirements that we had, as well as more visa types
7:10
Speaker 6: were released and visa settings were adjusted and policy settings
7:13
Speaker 6: to adjustice. So I think things have just kind of
7:15
Speaker 6: settled over the last couple of years.
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Speaker 2: Why do you think it's India, China and Pakistan accounted
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Speaker 2: for the largest share of rejections? Why is that?
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Speaker 5: You know?
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Speaker 6: It is actually really really interesting. I think that's a
7:27
Speaker 6: really good question and what we should be looking at
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Speaker 6: is why is that, especially given the overstair numbers that
7:33
Speaker 6: came out over the last couple of years had actually
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Speaker 6: shown the largest number of overstays that we have in
7:38
Speaker 6: New Zealand are from the USA and Great Britain. So
7:42
Speaker 6: when they have the highest proportion of overstairs, the why
7:47
Speaker 6: do we have India, China and Pakistan leading the most
7:51
Speaker 6: number of declines. It is a very interesting question, and
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Speaker 6: I think it shows a disproportionate targeting on stereotyping of
7:59
Speaker 6: various I guess backgrounds, and an assumption that they're coming
8:04
Speaker 6: here to stay for economic reasons and not actually to
8:06
Speaker 6: visit as they may be applying. So it's something to
8:09
Speaker 6: ask Immigration Museum, I think as to what is that
8:11
Speaker 6: disproportionate Haggeting.
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Speaker 2: So you reckon we reject more Indian and Chinese because
8:17
Speaker 2: we're worried they might stay here, when actually it's that.
8:21
Speaker 2: But then maybe that's the reason why we're the Brits
8:25
Speaker 2: and the Americans are overstaying more often because we're letting
8:28
Speaker 2: more in, you know.
8:31
Speaker 6: Yeah, but I think it's not quite proportionate. We've got
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Speaker 6: a fifteen point two percent of total overstairs we're from
8:38
Speaker 6: the USA and eight point six percent of total overstairs
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Speaker 6: or from the Great Britain. So given them that make
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Speaker 6: up such a large proportion, it's interesting that we have
8:47
Speaker 6: a way of policy there and we don't quite have
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Speaker 6: it in the same way for our Asian neighbors.
8:53
Speaker 2: Interesting, Pug, Yeah, it is, well, yeah, a very interesting question.
8:58
Speaker 2: One we will and should ask Immigration New Zealand about
9:02
Speaker 2: what about the fact that in the last year it
9:06
Speaker 2: has gone down, but the previous two years it was
9:09
Speaker 2: a bit higher, and this is now the lowest post COVID.
9:12
Speaker 2: Do you think that there is a still a COVID
9:14
Speaker 2: effect happening here?
9:17
Speaker 6: I think that the visa settings have changed quite a
9:19
Speaker 6: bit in the last couple of years, and that people
9:21
Speaker 6: are also understanding how immigration is. Youlder's approaching a lot
9:25
Speaker 6: of visa decisions and therefore are more prepared, have potentially
9:28
Speaker 6: gotten advice, and we're getting a better quality level of.
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Speaker 2: Approfections podas under immigration lawyer with us. This morning time
9:36
Speaker 2: is seventeen minutes after five, Ryan Bridge, loads of texts
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Speaker 2: coming in and on the immigration stuff. We'll get to
9:42
Speaker 2: those in just a few seconds, Ryan, I always have cash,
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Speaker 2: not just here, but if I go to another country,
9:47
Speaker 2: it's very important to have it on hand. I have
9:50
Speaker 2: twice been caught in extremely bad weather events and there's
9:52
Speaker 2: no electricity, you basically need cash. I did wonder that, Lee,
9:56
Speaker 2: thanks for your message. I wondered whether because we have
9:59
Speaker 2: more range events happening and people getting cut off, you
10:02
Speaker 2: do need cash. Is that why we're getting more of
10:05
Speaker 2: it out? Eighteen after five news talks, heb will took
10:09
Speaker 2: live and the Saudi's pulling out next.
10:12
Speaker 1: Ryan Bridge on early edition with Spark for Business Technology
10:16
Speaker 1: that Keeps Business Moving.
10:18
Speaker 2: News TALKSB five twenty News Talks theb The AI booms
10:22
Speaker 2: so on Wall Street yesterday. Google profits up eighty one percent,
10:26
Speaker 2: Amazon fifty six percent, Microsoft twenty four percent. The Nanza
10:30
Speaker 2: profit results out yesterday from these big tech companies and
10:34
Speaker 2: AI basically is to credit for the outsized results. Meta
10:38
Speaker 2: up sixty one percent. They were well a little back
10:42
Speaker 2: of the pack, misfiring a bit on the AI strategy,
10:45
Speaker 2: and that's cost them in terms of share price overnights
10:47
Speaker 2: when the market's open. Twenty one after five, Ryan Bruman's
10:51
Speaker 2: for True Saudi Arabia is pulling funding for the Live
10:53
Speaker 2: Golf Tour from next season. Players and staffill portally find
10:56
Speaker 2: out their fate today. This includes keywies Danny Lee and
10:59
Speaker 2: Ben Campbell. Michael Glading is New Zealand Open Tournament director
11:02
Speaker 2: joining us live this morning. Get a Michael, get it right?
11:05
Speaker 2: Yeah good? Thanks? So you reckon the PGA is going
11:08
Speaker 2: to take these guys back?
11:11
Speaker 7: Oh no, no, I don't thank shoving. They'll cherry pick.
11:15
Speaker 7: They've already sort of I guess by Lambrook Skipka to
11:18
Speaker 7: come back there set some sort of president, although they
11:21
Speaker 7: said there was a time for timetable for that in
11:23
Speaker 7: aessence closed. But look, they'll definitely have some of their
11:28
Speaker 7: major winners back. But I think there's going to be
11:30
Speaker 7: a lot of guys that are going to be who
11:32
Speaker 7: won't get back onto that tour immediately. They have to
11:34
Speaker 7: win their way back, I think.
11:35
Speaker 2: And because Kopka had to pay millions, tens of millions
11:39
Speaker 2: and donations and forfeitures and bonuses, all sorts of stuff
11:42
Speaker 2: to get back, and that was before the thing went over, right, Yeah.
11:46
Speaker 7: That's right. I'd imagine he saw the riding on the
11:48
Speaker 7: wall or had been given a tip off or something.
11:50
Speaker 7: But he's a very smart guy. And he's also not
11:53
Speaker 7: burnt his bridges. You know, there were in the early
11:55
Speaker 7: days there were lawsuits akins the PGA tour. He wasn't
11:58
Speaker 7: included in that. It's quite a relevant point now, you know,
12:01
Speaker 7: for those that are on the PJ too, who remember
12:03
Speaker 7: all that stuff.
12:04
Speaker 2: Why did this go tits up? I mean they've lost
12:06
Speaker 2: billions on it.
12:08
Speaker 7: Well, you know the old cliche, if it sounds too
12:11
Speaker 7: good to be true, it's too good to be true,
12:12
Speaker 7: you know, And I think that really, I mean the
12:15
Speaker 7: money that they put up, and it's a model that
12:18
Speaker 7: is flawed. I mean, you know, they've worked it on
12:20
Speaker 7: the I think they saw the success of the Rider
12:22
Speaker 7: Cup and they said team golf, team golf, that's the
12:25
Speaker 7: point of difference. But you can't just create teams out
12:27
Speaker 7: of nowhere, you know, particularly in the game of golf,
12:29
Speaker 7: which is really not built around teamworkers. That the game
12:32
Speaker 7: of golf is largely around individuals. Yes, there's a couple
12:36
Speaker 7: of amazing team events, particularly right a Cup, but they're
12:40
Speaker 7: unique and special in one off. You can't create that
12:42
Speaker 7: on a weekly basis. So I personally think the whole
12:45
Speaker 7: thing was flawed right from the get go.
12:47
Speaker 2: What was it good for golf?
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Speaker 7: I think it was good for the world of golf
12:51
Speaker 7: and it showed not that I think the PJ Tour
12:54
Speaker 7: are looking for this, but it did prove that there
12:59
Speaker 7: is a big world outside of the US. In fact,
13:02
Speaker 7: the whole world. We could co rode off into politics here,
13:04
Speaker 7: but that the golfing world is not just from California
13:09
Speaker 7: to New York. And I think that they did, you know,
13:11
Speaker 7: on the positive that by taking golf around the world,
13:14
Speaker 7: I think that they were sorry top golf around the world.
13:17
Speaker 7: I think they showed this real demand for it. But
13:19
Speaker 7: you know, I don't have any faith that Pjeto are
13:22
Speaker 7: going to pick up that mantle and runner that I think.
13:24
Speaker 7: That's the sad part I guess is that p Jet
13:27
Speaker 7: Tour is very very much only about America. But it
13:30
Speaker 7: certainly won.
13:31
Speaker 2: This battle Saudi funding for sports generally. Does this turn
13:35
Speaker 2: you off?
13:37
Speaker 7: You know, I have a story to tell, which is
13:40
Speaker 7: one day i'll tell in greater detail. But as you know,
13:43
Speaker 7: I run the New Zone Open and we did have
13:45
Speaker 7: discussions with the Saudi's before Live Golf. Finally enough when
13:49
Speaker 7: they were testing the water and checking out, you know,
13:52
Speaker 7: what might be available in the world of golf, and
13:55
Speaker 7: a word and it was sort of told to me
13:58
Speaker 7: on the quiet that one thing's for sure, that they
14:01
Speaker 7: will be happy to do long term contracts, but they'll
14:03
Speaker 7: also walk away for twos. And I think that, you know,
14:06
Speaker 7: I think we're now seeing that. And that was held
14:09
Speaker 7: to me. Wow, at least five years ago, five or
14:12
Speaker 7: six years ago, before Livgolf was born. So in a way,
14:16
Speaker 7: I'm not surprised about this because, as I say, it's
14:18
Speaker 7: a flawed model. It's a flawed model. Financially and it's
14:21
Speaker 7: a flawed model. I think I think it says of
14:23
Speaker 7: what they're trying to achieve personally.
14:25
Speaker 2: Michael Gladen, New Zealand Open Tournament direct and asked to
14:27
Speaker 2: have you on the program this morning, twenty four minutes
14:29
Speaker 2: after five News Talk SB the early.
14:32
Speaker 1: Edition Full the Show podcast on iHeartRadio power by News.
14:36
Speaker 2: Talks B News Talk SIB twenty six minutes after five.
14:40
Speaker 2: There's no reason parties on left and right in New
14:43
Speaker 2: Zealand politics can't work together to get stuff done. We've
14:45
Speaker 2: seen it this week with the India FTA. It is
14:48
Speaker 2: essentially just deal making. It'll pass because a party not
14:51
Speaker 2: in government joined forces with two in government to make
14:54
Speaker 2: it happen. Excellent. We've seen it with a member's bill
14:57
Speaker 2: this week. This is Labour's Ardina Williams on international any transfers.
15:01
Speaker 2: When you transfer money to somebody overseas, the banks and
15:04
Speaker 2: the transfer companies can basically say what they like about
15:07
Speaker 2: fees and commissions and then charge you what they like.
15:09
Speaker 2: They don't have to be upfront about it, and the
15:12
Speaker 2: bill would force them to tell you what they are
15:15
Speaker 2: going to charge you before you've charged it, rather than
15:17
Speaker 2: find out once the money's left your account seems like
15:20
Speaker 2: pretty sensible lawmaking to me. Past its first reading, excellent
15:24
Speaker 2: a labor MP's bill. National didn't support it, but that
15:28
Speaker 2: didn't matter because every other party in the House, including
15:31
Speaker 2: ACT and New Zealand first did. The Modern Slavery Bill
15:35
Speaker 2: had a similar bipartisan feel to it. Imagine if we
15:39
Speaker 2: could get the same sort of lovin' in Parliament on
15:42
Speaker 2: energy and infrastructure. Just imagine what sort of country we
15:46
Speaker 2: could be. The fact our politicians are trained like pitbulls
15:51
Speaker 2: to attack each other. The opposition is literally called the
15:53
Speaker 2: opposition is an advantage to a single party's state like China.
15:58
Speaker 2: Don't get me wrong, we don't want to go to
16:00
Speaker 2: the dictatorship route. But where the Chinese and others who
16:03
Speaker 2: don't have to worry about that pesky wee thing we
16:06
Speaker 2: call democracy is that they have one plan, one team,
16:10
Speaker 2: one dream. They build roads and trading routes with the
16:14
Speaker 2: next fifty to one hundred years in mind rather than
16:17
Speaker 2: the next three. Business and industry and therefore jobs in
16:21
Speaker 2: this country depend on and plan around things that they
16:25
Speaker 2: know to be true. Getting Beijing style plans without resorting
16:30
Speaker 2: to dictatorship would require sadly, a few grown ups, a
16:36
Speaker 2: little less mongrel and a little more long term thinking
16:40
Speaker 2: in Wellington, Bryan Bridge nine minutes after five. Prices at
16:45
Speaker 2: the pump in Indiana, Michigan, Ohio, Wisconsin, and Iowa up
16:50
Speaker 2: climbing faster than any other states over the past week.
16:53
Speaker 2: This is according to TRIPAA. In America, Trump won all
16:55
Speaker 2: five of these in the twenty twenty four election. That
16:58
Speaker 2: is not good news for him. Price has come down somewhat.
17:01
Speaker 2: Yesterday we were talking one hundred and twenty then one
17:03
Speaker 2: hundred and twenty five dollars now to about one hundred
17:05
Speaker 2: and fourteen. You're on news Talk zeb Vincent mcavnnie is
17:10
Speaker 2: live with us from London. After News and the Mount,
17:13
Speaker 2: When is the Mount going to open? Finally open? Sesame?
17:18
Speaker 2: Business according to locals, down fifty percent in some shops,
17:22
Speaker 2: so we're across that too. On your Friday morning here
17:25
Speaker 2: on news Talk ZEBB, I.
17:34
Speaker 1: Dropped the news you need this morning and the in
17:41
Speaker 1: depth analysis early edition with Ryan Bridge and spug for
17:45
Speaker 1: business technology that keeps business moving. News Talk ZEDB.
17:52
Speaker 2: Twenty four away from six. You're on news Talks MB
17:54
Speaker 2: for your Friday morning. Coming up, we'll speak to a
17:56
Speaker 2: business owner out of Mount Monganui and we'll get to
17:58
Speaker 2: the UK with Vincent mcavinni. So the guy they've just
18:01
Speaker 2: announced details about the person who was allegedly responsible for
18:06
Speaker 2: stabbing the Jewish people in broad daylight in North London yesterday,
18:10
Speaker 2: previously jailed for stabbing a Somalian born British national and
18:16
Speaker 2: did an anti extremism course that the government ran which
18:21
Speaker 2: clearly wasn't particularly effective. Let's stay home for a second.
18:26
Speaker 2: Business confidence. The AM's Business Outlook survey was out yesterday.
18:29
Speaker 2: This is where they go and ask a bunch of
18:30
Speaker 2: business owners how do you feel about the economy? And
18:33
Speaker 2: headline is bad, but plot is thickening because last year
18:39
Speaker 2: we had the tariffs and everyone freaked out and everyone
18:42
Speaker 2: pulled back on investment, and that's what happens. But this
18:45
Speaker 2: is showing signs already that people, businesses and consumers are
18:49
Speaker 2: starting to sort of look through it. So business confidence
18:52
Speaker 2: fell from thirty two point five in March to minus
18:55
Speaker 2: ten and April, but that was at least higher than
18:58
Speaker 2: the minus twenty two point five the A average it
19:00
Speaker 2: was seen for late March. So from end of March
19:04
Speaker 2: to April businesses have gone, it's not perhaps as bad
19:08
Speaker 2: as we first thought it might be. And inflation expectations,
19:12
Speaker 2: this is important for what the Reserve Bank's going to
19:14
Speaker 2: do to your mortgage rates. Via the OCR inflation expectations
19:18
Speaker 2: rose from three point one percent to three point eight
19:20
Speaker 2: which is somewhat reassuring if you're the Reserve Bank, because
19:24
Speaker 2: it could have been a lot worse. Also, if you
19:26
Speaker 2: look at what the businesses are going to do to
19:27
Speaker 2: our wages and due to prices in the coming months,
19:30
Speaker 2: not as bad as what they've thought as well. So yes, bad,
19:34
Speaker 2: it was always going to be, but not quite as
19:35
Speaker 2: bad as it could have been. It is twenty two
19:37
Speaker 2: to six.
19:39
Speaker 6: Now.
19:39
Speaker 2: Reporters around the country callum, good morning, morning right, sighing relief. Therefore,
19:44
Speaker 2: rate payers.
19:46
Speaker 8: Yeah, look Urvan news this morning. A zero percent rates
19:49
Speaker 8: rise for a tag original council ratepayers. That's zero percent
19:54
Speaker 8: rise confirmed with the approval of the Regional Council's annual plan.
20:00
Speaker 8: So are they keeping total rates collected unchanged from last year.
20:04
Speaker 8: So that's a significant drop from the eight point seven
20:06
Speaker 8: percent increase that was forecast during the long term planned process.
20:11
Speaker 8: But it will be a zero percent rates Rise Councilor.
20:13
Speaker 8: Kevin Malcolm says this provides rate payers with certainty in
20:17
Speaker 8: a time of uncertainty, and he says while the government
20:20
Speaker 8: reform is proposing getting rid of regional councils, he says
20:23
Speaker 8: they still need to plan for the future of Otago.
20:26
Speaker 2: How's your wear them?
20:27
Speaker 8: It's a good day today and all weekends, which is
20:30
Speaker 8: not good news for the duck shooters. Fine today for
20:32
Speaker 8: daned in the high fifteenth.
20:33
Speaker 2: Nice one. Cheers Callum Claire and christ it this morning, Claire,
20:36
Speaker 2: good morning. What's happening with the Crusaders and the horses?
20:39
Speaker 7: Well?
20:39
Speaker 9: Are they coming back?
20:40
Speaker 2: Are they not?
20:41
Speaker 9: That's the realm question. As we know, they canned the
20:44
Speaker 9: horses a week out of the new opening of the
20:46
Speaker 9: new stadium because there's not enough space around the edge
20:48
Speaker 9: of the playing field for them to run around. What
20:51
Speaker 9: we can confirm today is that the horse men were
20:53
Speaker 9: at the Super Rugby super Round on the weekend. Now,
20:56
Speaker 9: the club tells us in a statement that it was
20:58
Speaker 9: not a trial with the MTI of the horses coming back,
21:01
Speaker 9: but it was more about gathering information in order to
21:04
Speaker 9: shape future discussions and planning. Now, Club chief executive Colin
21:09
Speaker 9: Mansbridge says it's not about reversing a decision necessarily, but
21:12
Speaker 9: it is important that they respond responsibly to overwhelming public feedback.
21:17
Speaker 9: He says any decisions ruling the horses either in or
21:20
Speaker 9: out in the long term, will be made with the
21:22
Speaker 9: well being of the horses and also the safety of riders,
21:25
Speaker 9: fans and staff.
21:26
Speaker 10: At the forefront.
21:27
Speaker 2: Right, how's your wet up?
21:28
Speaker 9: Should be fine for our Friday northeasterlies for a time
21:31
Speaker 9: a bit later and eighteen degrees.
21:33
Speaker 2: Thank you clear, maxim willing to morning Max, Good morning.
21:35
Speaker 2: Got some moolah full businesses affected by a more point
21:38
Speaker 2: m Yeah.
21:39
Speaker 11: The main question is whether it's enough or targeted enough.
21:42
Speaker 11: The Wellington City Council approving a two hundred thousand dollars
21:46
Speaker 11: relief fund to help businesses affected by the wastewater disaster
21:50
Speaker 11: that's obviously still ongoing around our coast. Smells up, visitors
21:54
Speaker 11: are down. It does allow for a one off payment
21:57
Speaker 11: of up to thirty five thousand dollars. Just got approve
22:00
Speaker 11: a drop in revenue of at least fifty percent since
22:04
Speaker 11: the sewage plant melted down. Must also be a business
22:07
Speaker 11: of fewer than twenty employees, so I think that really
22:10
Speaker 11: does rule out most eligible places. Fifty percent very high threshold.
22:16
Speaker 11: Most of the business owners we've been speaking to here
22:20
Speaker 11: a reporting lost revenue between roughly twenty five to forty
22:23
Speaker 11: fifty percent. You know, your cafes, your restaurants, et cetera,
22:26
Speaker 11: et cetera, shops. A good start, though, we'll see if
22:28
Speaker 11: it's effective.
22:29
Speaker 2: How's you wear the max find today?
22:32
Speaker 11: Northerlyies developing later a higher fifteen.
22:34
Speaker 2: Nice one and Neiva's an Auckland morning, Neva, good morning.
22:38
Speaker 2: Now we've still got the council worried about dog attacks
22:41
Speaker 2: and mongrel dogs.
22:43
Speaker 10: Yes, Flippin Nick this problem. So the Council's Regulatory Safety Committee.
22:49
Speaker 10: It received an update. This is on the city's annual
22:51
Speaker 10: management yesterday. So what it shows is that there've been
22:54
Speaker 10: almost two two hundred dog ACTEC reports in the nine
22:58
Speaker 10: months to April, so it's four cars. There'll be over
23:01
Speaker 10: nine thousand dogs impounded. This is by the end of
23:04
Speaker 10: the twenty twenty five twenty six financial year. It would
23:07
Speaker 10: be less than the previous financial year, but still greater
23:10
Speaker 10: than the five preceding that. Council is saying that the
23:13
Speaker 10: shelter capacity at the city's dog pounds continue.
23:16
Speaker 7: To be an issue.
23:17
Speaker 2: How's our weather.
23:18
Speaker 10: Mainly fine, some afternoon cloud but looking good right throughout
23:21
Speaker 10: the weekend here in Auckland. Our high today eighteen degrees.
23:25
Speaker 2: Maybe you've got to see this. Mackenzie's given it to
23:27
Speaker 2: me this morning. She said it's her favorite story of
23:29
Speaker 2: the week. So it's a photo. I'm going to have
23:31
Speaker 2: to describe it to you. Chanelle. You know luxury, you're
23:34
Speaker 2: well up to now.
23:35
Speaker 10: Of course they do it, can afford that.
23:36
Speaker 2: Now they've unveiled a sandal that only covers the heel
23:40
Speaker 2: of the foot, and they've done this at a fashion
23:42
Speaker 2: show in France. All the A listers were there, until
23:45
Speaker 2: the Swinton was there, and the Cole Kidman was there
23:47
Speaker 2: asap Rocky was there, and they have it. Basically people saying,
23:51
Speaker 2: if you've gone a step too far, have a look
23:53
Speaker 2: at this. Oh my gosh, what is the point of that?
23:59
Speaker 7: Can you get duty for?
24:00
Speaker 2: It literally looks like somebody's put half a if you
24:03
Speaker 2: if you imagine, you know the eye covers that got
24:05
Speaker 2: your sleeping mask, put that over your your ankle exactly,
24:10
Speaker 2: the toes are out. What is the point.
24:12
Speaker 10: It's like a ten percent of a sandal and how
24:16
Speaker 10: much would that cost?
24:17
Speaker 2: Good question? You know, to be honest, Now.
24:19
Speaker 10: I meel exactly so it'll be like.
24:21
Speaker 2: It's called a barefoot.
24:23
Speaker 10: Oh do you know what though? Just looking at that,
24:26
Speaker 10: you've described it really well. You and I we could make.
24:28
Speaker 2: Them, could but who would wear them?
24:32
Speaker 4: I just what is the point of step?
24:34
Speaker 10: What is the point? But it's all these slep going
24:36
Speaker 10: oh I must have that, I must have that, But no,
24:39
Speaker 10: what are you and I?
24:41
Speaker 7: Let's do it.
24:41
Speaker 10: We should have a workshop.
24:42
Speaker 2: There's a lot of things on our list to do
24:45
Speaker 2: so much. Hey, good, so you have it. Friday, wonderful Friday.
24:48
Speaker 2: It is seventeen minutes away from Sex. You're on news
24:50
Speaker 2: talks there b. We're live to London next news talks
24:52
Speaker 2: there be. It is quarter to six. We'll get to
24:54
Speaker 2: the mount shortly for an update from businesses there, and
24:57
Speaker 2: we'll get to Vincent mcaviney out of the UK. But
24:59
Speaker 2: very Mercury, this third largest power company in the New Zealand.
25:03
Speaker 2: Of course they fronted up to a Select committee yesterday.
25:05
Speaker 2: It was interesting listening to what they had to say
25:07
Speaker 2: about this idea from New Zealand. First that you break
25:10
Speaker 2: up the gen tailors. They have said very clearly that
25:14
Speaker 2: any major change to market settings regulatory settings like that
25:17
Speaker 2: just creates uncertainty that would chill investment. However, if you
25:22
Speaker 2: look at their profits, so Meridian Contact, Mercury Genesis combined
25:26
Speaker 2: operating profits are up forty two percent to one point
25:29
Speaker 2: eight billion in the six months to the end of
25:31
Speaker 2: last year. Their combined dividend up ten percent. However, investment
25:35
Speaker 2: in growth assets like new power plants unchanged from the
25:40
Speaker 2: previous year. It licks short of five hundred million dollars,
25:43
Speaker 2: so it's not like they're investing huge sums at the
25:47
Speaker 2: moment anyway. It's fourteen away from.
25:49
Speaker 1: Six international correspondence with NZ and Eye Insurance peace of
25:54
Speaker 1: Mind for New Zealand business.
25:56
Speaker 2: But to macavine, a UK Europe correspondence where Starma has
25:59
Speaker 2: just finished addressing the public over the Golders Grain attach
26:03
Speaker 2: on the Jewish community, and it's getting very interesting all
26:07
Speaker 2: the detail we're getting about the person accused of doing this. Vincent, Yeah,
26:12
Speaker 2: that's right.
26:12
Speaker 12: The person who's been accused of doing it has been
26:15
Speaker 12: named today. He is forty five year old Isa Suleiman
26:19
Speaker 12: from Southeast London. It's understood he came to the UK
26:22
Speaker 12: legally from Somalia in the early nineteen nineties and is
26:26
Speaker 12: a British citizen, but that he was reported to the
26:28
Speaker 12: UK government's counter Terrorism prevent program back in twenty twenty.
26:33
Speaker 12: He has a violent history and a history of mental
26:36
Speaker 12: health problems, and in the past few minutes I can
26:39
Speaker 12: tell you that the UK Joint Terrorism Council Threat Level,
26:43
Speaker 12: which is the official threat level of the country, has
26:45
Speaker 12: been raised to severe. It's on a scale of five.
26:49
Speaker 12: This is the fourth highest measure and it means that
26:52
Speaker 12: the government and the intelligence services m I five six
26:56
Speaker 12: SXQ believe an attack is highly likely in the next
27:00
Speaker 12: six months.
27:02
Speaker 2: Very worrying indeed. Meanwhile, Charles and Camilla wrapping up the
27:04
Speaker 2: trip to the Jewish all went pretty well by the looks.
27:08
Speaker 12: It all went pretty smoothly for Charles, who, of course,
27:10
Speaker 12: you know, has been slightly stymied since he came to
27:14
Speaker 12: the throne because of his illness. He hasn't done as
27:16
Speaker 12: much traveling and sort of made as much as the
27:19
Speaker 12: Mark as he was probably hoping to do, given how
27:22
Speaker 12: long he waited, you know, in the wings. But it's
27:25
Speaker 12: all gone pretty smoothly. With Trump they've now said goodbye
27:28
Speaker 12: to the White House and after being in Washington, DC,
27:31
Speaker 12: in New York, they're now going somewhere they haven't been,
27:33
Speaker 12: small town America. They're going to a town called Front
27:37
Speaker 12: Royal in Virginia. They're going to see ordinary Americans have
27:42
Speaker 12: walked around some of the historical sites of the town.
27:44
Speaker 12: This is part of the sort of America two fifty celebrations.
27:47
Speaker 12: They're sort of semi queen centennial. And then Charles will
27:51
Speaker 12: head off to Bermuda, which he's going to visit for
27:54
Speaker 12: the first time as the king. It's one of the
27:59
Speaker 12: British overseas territories. But the feeling is that it has
28:02
Speaker 12: gone pretty well. No major embarrassing moments. Yes, Trump once
28:06
Speaker 12: or twice has sort of let things slip that you know,
28:08
Speaker 12: they probably didn't want, such as you know, saying that
28:11
Speaker 12: you know, Charles is on board with Iran not getting
28:13
Speaker 12: a nuclear weapon. But there's been no falling out, which
28:16
Speaker 12: was the kind of big concern given the state of
28:19
Speaker 12: the so called special relationship. It seems to have gone
28:22
Speaker 12: pretty well and that the charm offensive has worked.
28:25
Speaker 2: Vincy mcaviny, a UK europe correspondent, great to Tavy on
28:28
Speaker 2: the program this morning is always by the way, Trump
28:30
Speaker 2: is heading back. You know, Merz criticized the deal that's
28:34
Speaker 2: not being done yet between Iran and the United States. Well,
28:37
Speaker 2: Trump is now saying we are looking at we are
28:40
Speaker 2: studying and reviewing whether we cut the thousands of troops
28:44
Speaker 2: we have stationed in Germany right now. So that's all
28:46
Speaker 2: kicking off this morning, eleven away.
28:47
Speaker 1: From six Ryan Bridge.
28:49
Speaker 2: Still no answers for Mount Montanery businesses on when the
28:52
Speaker 2: thing will actually reopen. They had a community meeting last
28:55
Speaker 2: night nearly one hundred days after the landslide, and businesses
28:58
Speaker 2: some reporting sales down fifty or more. Michael, sorry, Michelle Craig,
29:03
Speaker 2: Mount Longing, we beach Hut cafe owners with me this morning.
29:06
Speaker 2: Was that the meeting Michelle, Good morning.
29:09
Speaker 13: Good morning, How are you very well?
29:11
Speaker 2: Thank you? What did you get out of that meeting, Michelle, Well,
29:15
Speaker 2: it was.
29:16
Speaker 13: The second meeting that I'd attended. We had one specifically
29:19
Speaker 13: for business people about ten days earlier, and then last
29:25
Speaker 13: night for the community at large, and it seemed like
29:29
Speaker 13: everybody at both meetings had had the same frustration, and
29:33
Speaker 13: that is that the city council just isn't doing anything
29:37
Speaker 13: or seeming to not do anything, and they're just not communicating.
29:42
Speaker 13: What did they polite? It was pretty polite last night.
29:44
Speaker 13: It wasn't so polite at the business meeting.
29:46
Speaker 2: I can say, what are they saying, Michelle? What's the reason?
29:51
Speaker 2: Just safety?
29:53
Speaker 13: Yes, lots of reports, lots of geotech reports, lots of
29:58
Speaker 13: careful consideration about safety. Some people might call it procrastination.
30:04
Speaker 13: In fact, some of my friends did last night. I'm
30:07
Speaker 13: not sure what the truth is, but yeah, one hundred
30:10
Speaker 13: days nearly, it's quite a long time for nothing to
30:13
Speaker 13: have happened when we consider what happened at Rena. Because
30:16
Speaker 13: when Rena happened, we all got down.
30:18
Speaker 7: To the beach.
30:19
Speaker 2: What's happened to the bill? What's happened to the beach cafe?
30:22
Speaker 2: In the meantime, Michelle, Well, my.
30:27
Speaker 13: Local, lovely locals and regulars are still popping down, and
30:30
Speaker 13: people are really making a big effort to come across
30:34
Speaker 13: from Omokua and other places around Toto. It pulled us
30:37
Speaker 13: on the weekends, but for us, we've gone down to
30:43
Speaker 13: skeleton staff like everybody else. All of the owners are
30:46
Speaker 13: working longer hours now because we just really can't see
30:51
Speaker 13: how we're going to afford winter January was really critical
30:55
Speaker 13: to us. And you know this is through no fault
30:57
Speaker 13: of our own, but our businesses might fail in the meantime.
31:02
Speaker 2: Are you having to pay full rates?
31:04
Speaker 6: Oh?
31:05
Speaker 13: Yes, yes. So I started the rates for remission request
31:09
Speaker 13: about seven days after the slip and we were told
31:14
Speaker 13: in a letter that took a very long time to
31:17
Speaker 13: arrive that there would be no rates remission. They've been
31:22
Speaker 13: saying from the get go that they will not and
31:25
Speaker 13: that's really disappointing. You know, fuck tin of counsel did
31:30
Speaker 13: the same. They did rates for remission for people in
31:32
Speaker 13: twenty seventeen when the floods took out a whole lot
31:35
Speaker 13: of business operation there Rena. The people with jobs that
31:42
Speaker 13: were affected by the renas, they were given subsidies three
31:47
Speaker 13: hundred dollars for part time as six hundred full timers.
31:50
Speaker 13: We've been offered no assistance like other businesses in the past.
31:56
Speaker 2: Michelle, thank you for being with me on the program
31:58
Speaker 2: this morning, and I hope things improved soon. Shell Craig
32:00
Speaker 2: Mattm'm going to be beach Hat Cafe owner Jeez Mahad
32:03
Speaker 2: rays Dales had a bit of a run of bad luck.
32:05
Speaker 2: If that's what you want to call it. With the
32:07
Speaker 2: news headlines, lady hasn't it. There's the council car. There's
32:09
Speaker 2: the living in Cambridge, although apparently he's moved. There's the
32:12
Speaker 2: new office. There's the coffee bill, remember that half a
32:15
Speaker 2: million dollars or something for coffee. Seven to six News Talks, hed.
32:19
Speaker 1: B the first word on the News of the Day
32:23
Speaker 1: early edition with Ryan Bridge and Spark for Business Technology
32:27
Speaker 1: that keeps business moving News Talks.
32:29
Speaker 2: He'd be five to six News Talks head b. Simon
32:32
Speaker 2: makes a good point on the text, Ryan, they should
32:33
Speaker 2: open the surf club in the boat ramp. At least
32:36
Speaker 2: it would look like something is happening there. And I
32:38
Speaker 2: think that's right. If the problem is tourists not going,
32:41
Speaker 2: how many of the tourists who go there actually go
32:43
Speaker 2: just to walk up the mount? You go because of
32:45
Speaker 2: the vibe and the beach and go for a cafe.
32:47
Speaker 2: You can still look at it, you just can't climb it.
32:50
Speaker 2: Is that a big of a deal? Five to six
32:52
Speaker 2: Ryan Bridge Morning, Mike.
32:53
Speaker 5: Must be very specific morning because the boss was there
32:56
Speaker 5: last weekend and he said the place was popping off.
33:00
Speaker 5: And I know some people in the area and they
33:02
Speaker 5: say generally it's propping up, so that that's very very
33:05
Speaker 5: if you've seen been there or seen it, it's a
33:07
Speaker 5: very specific bit of mountaineer right down the end there,
33:12
Speaker 5: which clear I don't know why it's still closed, but
33:15
Speaker 5: the point, the point down is not the point being
33:17
Speaker 5: the rest of the rest of the area, and the
33:19
Speaker 5: specific area appears to be, you know, really good like
33:22
Speaker 5: times and times are decent. If one's back this weekend,
33:26
Speaker 5: I know you'll be thrilled about that. Because no one loves.
33:29
Speaker 2: Sports well, I love the sports, the soud East Live
33:32
Speaker 2: sports story. I find that fascinating, and because all these
33:35
Speaker 2: guys are going to come crawling on their hands and knees,
33:38
Speaker 2: tails between their legs, hoping to get a deal back
33:40
Speaker 2: some of them.
33:41
Speaker 5: Some of them I don't know, good enough to get
33:43
Speaker 5: onto the PGA. I mean that was part of the thing.
33:45
Speaker 5: I mean, you know, the Koepka guys and all those
33:47
Speaker 5: ones were on the PGA, But there's a lot of
33:48
Speaker 5: guys on the live who weren't quite at that PGA level.
33:51
Speaker 2: Yes, but those who were may not actually get back.
33:54
Speaker 5: Well they may or may not. We'll see, we'll see
33:56
Speaker 5: what happens. But it's a good lesson and you know,
33:58
Speaker 5: is it broken, Well, no, it's not. Clearly at the
34:01
Speaker 5: end of the day, if anyone was going to be
34:03
Speaker 5: able to afford the money to stump up, it was
34:06
Speaker 5: going to be out to soud Eas and even they
34:07
Speaker 5: walking away. So it's interesting, isn't it. The Reserve Bank?
34:10
Speaker 5: By the way, if you're into that, the new transparency
34:13
Speaker 5: rules around that, we'll.
34:14
Speaker 2: Have to talk about that. Children. Fantastic night with your
34:17
Speaker 2: next Tatpoo Friday for your Monday.
34:20
Speaker 1: For more from Early Edition with Ryan Bridge, listen live
34:23
Speaker 1: to News Talks it Be from five am weekdays, or
34:26
Speaker 1: follow the podcast on iHeartRadio