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

Transcript

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

0:00
Speaker 1: The issues, the interviews and the insight. Andrew Dickots on
0:05
Speaker 1: early edition with Park for Business Technology that keeps Business
0:09
Speaker 1: Moving US talks. They'd be welcome morning to you.
0:11
Speaker 2: And welcome to the program. Thank you so much for
0:13
Speaker 2: choosing us today. Are we abusing a sec The new
0:16
Speaker 2: stats out suggest we're either very clumsy or very reckless
0:19
Speaker 2: and it's costing a bomb. National has missed their own
0:22
Speaker 2: job seeker targets. Will let Labour's Village and Prime have
0:25
Speaker 2: a rant about that. Mitch McCann on the new threats,
0:28
Speaker 2: on a run from the States and the opening of
0:31
Speaker 2: the Obama Presidential Library, which happens today, and we'll preview
0:34
Speaker 2: today's GDP figures. Just before six, we'll have correspondence from
0:37
Speaker 2: right around New Zealand and you can have your say
0:39
Speaker 2: on the text. Ninety two to ninety two. A small
0:41
Speaker 2: charge applies. It is seven after five.
0:45
Speaker 1: The agenda.
0:46
Speaker 2: So it's Thursday, the eighteenth of June, and President Trump
0:49
Speaker 2: has warned the Iran deal, which is set to be
0:52
Speaker 2: formally signed in Switzerland, is not final.
0:56
Speaker 1: No, it's not final.
0:57
Speaker 3: It's a memorandum of understanding.
1:00
Speaker 4: Like it.
1:01
Speaker 3: We'll go back to shooting at him drumping bombs on
1:05
Speaker 3: their head.
1:06
Speaker 2: Okay, he's now saying it could be signed tomorrow though.
1:08
Speaker 2: I Meanwhile, the president's been meeting with Selenski at the
1:10
Speaker 2: G seven summit and he says he'll do whatever he
1:13
Speaker 2: can to end the war in Ukraine.
1:15
Speaker 3: Russia's was tremendous amounts of people, so is Ukraine. Last
1:21
Speaker 3: month there was thirty five thousand sources between the two.
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Speaker 2: I Meanwhile, the GC eleven G seven leaders have reportedly
1:30
Speaker 2: agreed to provide Ukraine with the additional air defense capabilities
1:34
Speaker 2: and they would have increased pressure on Russia through energy sanctions.
1:37
Speaker 5: Politically, Ukraine is ready for ending the war. Russia is
1:40
Speaker 5: not demonstrating any serious activity in any of those directions.
1:43
Speaker 6: Building a Europe that is firmly in charge of its
1:46
Speaker 6: own security can only work with a strong, prosperous and
1:51
Speaker 6: stable Ukraine.
1:52
Speaker 2: And spoiler alert by the way, In rather sad news,
1:56
Speaker 2: Jeremy Clarkson has announced he has cancer. He made the
1:59
Speaker 2: announcement on his show Clason's Farm, which started streaming yesterday.
2:03
Speaker 4: I've got cancer. It disappeared off the other week and
2:08
Speaker 4: I had a biopsied on and it he's cancer.
2:10
Speaker 1: It's aggressive. But it's really.
2:13
Speaker 2: Early, so he's sixty six years old. He's since received treatment,
2:18
Speaker 2: he hasn't told us what type of cancer he's got,
2:20
Speaker 2: and he's yet to give an update on how things
2:22
Speaker 2: are going. It is nine minutes after five News.
2:26
Speaker 1: And Views you Trust to start your day. It's early
2:29
Speaker 1: edition with Andrew Dickens and Spark for Business Technology that
2:34
Speaker 1: keeps business moving News talks. They'd be well.
2:36
Speaker 2: I got stopped by the cops as I drove into
2:38
Speaker 2: work today at three o'clock in the morning, a license
2:40
Speaker 2: and breath test check. And I think the only reason
2:43
Speaker 2: I was stopped is I was the only person on
2:45
Speaker 2: the road because it was three o'clock in the morning
2:48
Speaker 2: and might drive into work. I drive past the petrol
2:51
Speaker 2: station and it's got the glowing numbers showing me just
2:53
Speaker 2: how broke I'll be next time I filled the car.
2:56
Speaker 2: My local has ninety one at three dollars thirteen. However,
2:59
Speaker 2: if I filled up at the BP in town, it's
3:01
Speaker 2: two dollars ninety nine. It always amazes me the variation
3:05
Speaker 2: we get in one city. But anyway, the price is
3:09
Speaker 2: slowly coming down. After the agreement to sign this memorandum
3:12
Speaker 2: of Understanding, which will happen on Friday in Geneva. But
3:14
Speaker 2: it's happening so slowly. So let's look back at the
3:17
Speaker 2: last five days. Brent oil has dropped eleven percent. It
3:20
Speaker 2: started off just under ninety bucks a barrel. Now it's
3:23
Speaker 2: at seventy six ninety, so it's coming down, but not
3:26
Speaker 2: our petrol prices. I get that they have to sell
3:29
Speaker 2: the high priced inventory first, the stuff they bought a
3:32
Speaker 2: while back. But I also get the rocket and feather effect,
3:36
Speaker 2: and that is when prices rocket up but float like
3:38
Speaker 2: a feather going down. But you know, consumer confidence came
3:41
Speaker 2: out yesterday now officially at its lowest level in three years.
3:45
Speaker 2: We've got primary product prices at really high levels. The
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Speaker 2: country's exports are benefiting from our low dollar. Then I guess,
3:52
Speaker 2: the sooner the petrol company's chippin and lower the prices
3:55
Speaker 2: for everyone, the better for everyone. It is ten after five,
4:00
Speaker 2: the latest acc injury report is out, and you would
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Speaker 2: not believe how much money we are losing in productivity
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Speaker 2: from being clumsy and reckless. I'll tell you that and
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Speaker 2: talk more about the issue next here on News talksb.
4:11
Speaker 1: On your radio and online on iHeartRadio Early Edition with
4:16
Speaker 1: Andrew Dickens and Spark for Business Technology that keeps business moving,
4:20
Speaker 1: News talksb.
4:22
Speaker 2: Hey, it's foggy this morning at Auckland, so expect some
4:24
Speaker 2: problems at the airport. Now to the latest ACC injury report,
4:28
Speaker 2: a bit of a stark picture of just how clumsy
4:30
Speaker 2: we are and how much it's costing. In twenty twenty five,
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Speaker 2: New Zealand saw twenty million injury related days away from work.
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Speaker 2: That's like the entirety of Nelson being off work for
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Speaker 2: a whole year, and it cost us in our productivity.
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Speaker 2: It cost us eight point seven billion dollars in twenty
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Speaker 2: twenty five alone. So to talk about this, I'm joining
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Speaker 2: now by Warren Forster, who is an ACC lawyer and researcher.
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Speaker 2: Good morningtyer, Warren, good morning. Are we clumsy? Are we reckless?
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Speaker 2: Or are we just blase about the co.
5:01
Speaker 5: Well, it's hard to know exactly that the number of
5:06
Speaker 5: injuries that are not from work and motor vehicles has
5:10
Speaker 5: increased massively over the last decades. But ultimately what's really
5:15
Speaker 5: positive about this is that we're actually now saying this
5:19
Speaker 5: is the cost of productivity loss. So that's a really
5:23
Speaker 5: wonderful shift in the ACC response to this problem, which is,
5:29
Speaker 5: as a society, this is costing us, So what are
5:32
Speaker 5: we going to do about it? And that's a really
5:33
Speaker 5: important conversation to have.
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Speaker 2: Who's rotting this? Is it asked the people or is
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Speaker 2: it the clinicians who go, haha, I can get my
5:40
Speaker 2: bills paid.
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Speaker 5: Well, there's a few different aspects to this, and there's
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Speaker 5: treatment providers, there's us as members of the public, there's ACC,
5:52
Speaker 5: and there's employees. We've all got a role to plan this.
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Speaker 5: But the critical thing is that rehabilitation, which is getting
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Speaker 5: all of those people together and getting someone back to work,
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Speaker 5: is critical. And ACC had a computer system they designed
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Speaker 5: and implemented in twenty nineteen where effectively they stopped doing
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Speaker 5: that and they're only just starting to do it again.
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Speaker 5: So it's a failure to rehabilitate that's really created these problems.
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Speaker 5: We've now said, actually, this has costing us a lot
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Speaker 5: of money. What are we going to do about it?
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Speaker 5: And that's an important conversation to have, and it's not
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Speaker 5: just a case of blaming one. We need to get
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Speaker 5: everyone involved together. That's the key idea.
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Speaker 2: Yeah, that's a big statistic out of its sixty five
6:31
Speaker 2: percent of us and making another claim within two years.
6:33
Speaker 2: So we don't do a good enough job at rehabilitation.
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Speaker 5: Absolutely not. And there's a report came out earlier in
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Speaker 5: the year that was pretty much buried and it basically
6:42
Speaker 5: said ACC hasn't done rehabilitation properly for the last five
6:46
Speaker 5: or six years, and that's the key failure. So there's
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Speaker 5: about forty two thousand people have been exited from ACC
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Speaker 5: in the last five years, and very few of them
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Speaker 5: have been rehabilitated. And what we're seeing now is that
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Speaker 5: we're seeing people coming back onto the scheme, long term
7:05
Speaker 5: problems coming forward because we haven't got it right at
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Speaker 5: the beginning. And that's a critical message for all of us,
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Speaker 5: is that ACC is something that we are all part of,
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Speaker 5: whether we like it or not, and what we have
7:17
Speaker 5: to do is to figure out how to actually make
7:19
Speaker 5: that work. Because the idea behind the scheme now more
7:22
Speaker 5: than fifty years ago, was let's get rehabilitation right, let's
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Speaker 5: focus on that, and then we'll all be better off.
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Speaker 5: And now we're actually naming the economic costs and billions
7:33
Speaker 5: of dollars. It brings a focus for us back to
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Speaker 5: if we're going to save costs to our society by
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Speaker 5: having a scheme, which is exactly why we have ACC.
7:43
Speaker 5: How do we all get together and make this work?
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Speaker 5: And that's where we really need strong leadership. We need
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Speaker 5: move away from exits and actually focus on rehabilitation because
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Speaker 5: that's where the cost saving as the society is going
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Speaker 5: to be.
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Speaker 2: Larren, thank you so much for waking up early for us.
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Speaker 2: We're enforced at a SEC lawyer and researcher. I asked
8:02
Speaker 2: at the beginning, are we blase It could be that
8:04
Speaker 2: the social safety net is working just too well, so
8:08
Speaker 2: as the people we take more risks and we don't
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Speaker 2: think about it and thinking, oh well the government will
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Speaker 2: pick up the tab. But eight point seven billion dollars
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Speaker 2: in productivity and of course in the release, the ACC
8:18
Speaker 2: stresses their current campaign, which is have a hymn, have
8:22
Speaker 2: to think about something before you put extra weights on
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Speaker 2: the bar. It is seventeen minutes after five speaking a lot,
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Speaker 2: lots of sports injuries in the ACC, lots of sport
8:30
Speaker 2: on overnight. State of o is going to a decider.
8:33
Speaker 2: The Maroons watt New South Wales forty four to twenty four.
8:36
Speaker 2: Amazing second half and an amazing packed mcg my son
8:39
Speaker 2: was there, made of his phone HM up instead of
8:42
Speaker 2: got a free ticket. Do you want to come along?
8:43
Speaker 2: So he did and the photos of the crowd are insane.
8:45
Speaker 2: There's one hundred thousand people there. It's incredible and this
8:47
Speaker 2: is a Melbourne victoria. Meanwhile, in the World Cup, England
8:51
Speaker 2: play Croatia today eight am and I relented yesterday and
8:54
Speaker 2: bought the event pass. Absolutely no problem at all. System
8:57
Speaker 2: We're fine. Watch highlights of England. Sorry no, Egypt and
9:00
Speaker 2: Belgium our remaining two opponents. G they seem very good indeed.
9:04
Speaker 2: And in the cricket in New Zealand, England won the
9:07
Speaker 2: toss and put New Zealand into bat We seem to
9:10
Speaker 2: be doing okay. We're currently at two hundred and sixty
9:12
Speaker 2: three for six except for Devin Conway who scored just nine.
9:16
Speaker 2: But has Blundell going Oh he's on fifty one and
9:19
Speaker 2: Phillips is on forty am where track and good Oh no,
9:22
Speaker 2: Blunder went out for fifty one just a moment ago.
9:24
Speaker 2: So Phillip's on forty and Smith has just come out
9:26
Speaker 2: and faced no balls. Good luck boys. News talks heb
9:30
Speaker 2: so Hui is Upstin's own targets for the job seeker
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Speaker 2: were off and there are more people on the job
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Speaker 2: job seeker than her target wanted. So I'll let Willow
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Speaker 2: jen Prime, Labor's Social Development and Employments spokesperson, have a
9:43
Speaker 2: chat about.
9:44
Speaker 1: That before the news breaks. Here at first, Andrew Dickens
9:48
Speaker 1: on early edition with spark for business technology that keeps
9:52
Speaker 1: business moving, News talks b It's.
9:54
Speaker 2: Five twenty in the morning. Benefit numbers not looking too
9:56
Speaker 2: flash for the government. The Social Development Minisota Louis Upset
10:00
Speaker 2: wanted fifty thousand people off job seeker support by twenty thirty,
10:03
Speaker 2: but the Treasury forecasts still show edill miss the mark
10:06
Speaker 2: by sixty thousand. In other words, it's going up and
10:09
Speaker 2: it's all forty four percent higher than they initially wanted
10:12
Speaker 2: with those targets. To talk about this, Willow Jene Prime
10:15
Speaker 2: is Labour's Social Development and Employment spokesperson. Good morning to you,
10:18
Speaker 2: will I, Good morning Andrew. So you said the target
10:21
Speaker 2: was not sabotage, the target was not inherited from you guys.
10:24
Speaker 2: They said that they promoted and they failed to deliver.
10:26
Speaker 2: It was Louise Upstin in the wrong for setting an
10:29
Speaker 2: ambitious target.
10:33
Speaker 7: Well, what this government is She was wrong to set
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Speaker 7: this target of fifty thousand job seekers, and ever since
10:42
Speaker 7: they have become the government and she has become the Minister,
10:45
Speaker 7: the information that they have been provided with shows that
10:47
Speaker 7: that target is unachievable. When challenged on this fact, she
10:52
Speaker 7: continues to distract and talk about the ambitious task that
10:57
Speaker 7: she's set herself, but failing to acknowledge the challenges that
11:01
Speaker 7: we are actually dealing with. So we had this exchange
11:04
Speaker 7: yesterday in Select Committee about her target that she wants
11:08
Speaker 7: to focus on and I think at the same time
11:10
Speaker 7: the punitive measures that the government has put in place
11:13
Speaker 7: for beneficiaries when failing to acknowledge that there are so
11:17
Speaker 7: many people who are looking for work, who are wanting work,
11:20
Speaker 7: but they haven't created the conditions for more work. So
11:24
Speaker 7: the example that I gave her yesterday was a recent
11:28
Speaker 7: job application over twelve hundred people in Auckland applying for
11:32
Speaker 7: one cleaning job. So these job seeker numbers that she's got,
11:37
Speaker 7: people are wanting work but they cannot get work.
11:40
Speaker 2: Are you though, failing to acknowledge the difficult situation that
11:43
Speaker 2: we're in. The uncontrollable factors like the around war in
11:45
Speaker 2: Trump's tariffs, because Louise ups and shot back at you
11:48
Speaker 2: yesterday and she said, under your under your regime, and
11:51
Speaker 2: there was a fifty four percent rise in the number
11:53
Speaker 2: of job seekers compared to fourteen percent over the last
11:56
Speaker 2: two and a half years.
11:58
Speaker 7: Well, the government like to conveniently forget that we were
12:02
Speaker 7: dealing with a global pandemic when throwing those numbers around.
12:06
Speaker 7: And what she also seems to forget is that under
12:09
Speaker 7: our government we actually had unemployment down to three point
12:13
Speaker 7: two percent. Under this government it's five point three percent.
12:17
Speaker 7: It's decades high unemployment. And that is my concern that
12:21
Speaker 7: I was raising the Minister, that she continues to focus
12:25
Speaker 7: on this fantasy target of fifty thousand less when all
12:29
Speaker 7: reports say it's actually going to be sixty thousand more,
12:33
Speaker 7: and failing to acknowledge and address the fact that there
12:36
Speaker 7: just simply aren't the jobs for these job seeker beneficiaries
12:40
Speaker 7: to go into.
12:42
Speaker 2: What's wrong with the ambition.
12:45
Speaker 7: I think the ambition that she has is a bumper
12:48
Speaker 7: sticker target. It is a distraction from the real issues
12:52
Speaker 7: that New Zealanders are facing. There are New Zealanders who
12:56
Speaker 7: do not believe that the government has done enough to
12:58
Speaker 7: create the economy conditions to create employment, so we have
13:03
Speaker 7: a decade high unemployment. We have seen the government investing
13:07
Speaker 7: billions into landlords and tobacco companies. They have canceled state
13:11
Speaker 7: housing builds and other infrastructure projects that have led to
13:16
Speaker 7: significant job losses. They're announcing another nine thousand job cuts
13:20
Speaker 7: from the public sector. New Zealanders are doing it really
13:25
Speaker 7: tough now before this is before we even had the
13:29
Speaker 7: latest conflict in Iran.
13:30
Speaker 2: All right, well, as Jean Prian, thank you so much
13:32
Speaker 2: for getting up so early for us. It is now
13:33
Speaker 2: five twenty four. It's News Talks AIRB.
13:35
Speaker 1: The early edition full show podcast on iHeartRadio powered by
13:40
Speaker 1: News Talks AB.
13:42
Speaker 2: News Talks B. It is now five twenty four. I'm
13:44
Speaker 2: Andrew Dickinson for Ryan Bridge. He is back on deck
13:46
Speaker 2: on Monday. Now bear with me. I'm going to talk
13:48
Speaker 2: about the Mitcheland Guide for a while. I'm going to
13:50
Speaker 2: talk about food because the first Mitchelland rankings of New
13:53
Speaker 2: Zealand restaurants are out later this month, and yesterday Jesse Mulligan,
13:57
Speaker 2: The Herald's restaurant reviewer, pointed out it's going to be
13:59
Speaker 2: a very incomplete list of our best restaurants and worth
14:03
Speaker 2: little to most, including the high wealth tourists's supposed to attract.
14:06
Speaker 2: And there's a couple of reasons. Firstly geographic. The reviewers
14:09
Speaker 2: have only visited Auckland, Wellington, christ Church in Queenstown, so
14:13
Speaker 2: if you've got a restaurant outside those areas, you're not
14:15
Speaker 2: going to be visited. Many of those restaurants are in
14:17
Speaker 2: our wine growing districts, and no Mitcheland reviewer coming to you.
14:21
Speaker 2: And Jesse's examples are Craggy Range and Hawkes Bay and
14:25
Speaker 2: Arbor in Marlborough, which he reviewed as probably being New
14:28
Speaker 2: Zealand's best restaurant, but no Mitchelland investigated there. He also argues,
14:32
Speaker 2: of course, at local word of mouth and trusted down
14:34
Speaker 2: to Earth recommendations hold more practical value for diners than
14:37
Speaker 2: anonymous international inspectors. But that's Jesse just trying to protect
14:41
Speaker 2: his job. But he reckons thirty five restaurants might be
14:44
Speaker 2: reviewed if we were lucky, and we'd be lucky to
14:47
Speaker 2: see any get us star. Now, normally I wouldn't care
14:49
Speaker 2: about the story, except Tours of New Zealand paid six
14:54
Speaker 2: point three million dollars to bring the Mitchelland Guide to
14:58
Speaker 2: the country in a three year part agreement. Now, that
15:01
Speaker 2: is an awful lot of taxpayers money to get a
15:04
Speaker 2: very incomplete and very small guide of New Zealand restaurants
15:08
Speaker 2: that miss our best and much of our country. And
15:11
Speaker 2: you know what that sounds like to me? That sounds
15:14
Speaker 2: like wasteful government spending. That be five seven. So Donald
15:21
Speaker 2: Trump has been speaking at the G seven summit. He's
15:23
Speaker 2: been giving more details on the Iran US deal. So
15:28
Speaker 2: this is what he had to say.
15:29
Speaker 3: So the deal we reached with Tehran on Sunday will
15:33
Speaker 3: be signed shortly tomorrow, maybe the next day.
15:37
Speaker 1: Thank you.
15:38
Speaker 3: Subject deals, all my whole life is all about deals.
15:41
Speaker 3: That's all I ever did is make deals, and crazy
15:44
Speaker 3: things happen with deals I've gone.
15:46
Speaker 2: That's what he does. He makes deals. Remember, it's not
15:49
Speaker 2: a six fire, it's not a piece. It is a
15:51
Speaker 2: memo of understanding, memorandom of understanding, which he says if
15:56
Speaker 2: anything goes wrong he can back out of just like that.
15:58
Speaker 2: So we're gonna have Mitch can after the five thirty
16:01
Speaker 2: News with more updates on that. He's also going to
16:03
Speaker 2: talk about the opening of the Obama Presidential Center eight
16:06
Speaker 2: hundred and fifty million dollars US. President Obama has said
16:11
Speaker 2: he wants a new sort of place, not a library
16:13
Speaker 2: full of all his papers from his presidency. He wants
16:16
Speaker 2: it to be a hub where people from all over
16:18
Speaker 2: the world can get together and talk stuff. And so
16:21
Speaker 2: the other thing is happening today and performing. The list
16:25
Speaker 2: of performers a quite amazing Christina Aguilera, Jennifer Hudson, John Legend,
16:29
Speaker 2: Mark Anthony Stevie Wonder is going to have a crack.
16:32
Speaker 2: Bruce Springsteen is going to be there, of course, Pearl Jams,
16:35
Speaker 2: Eddie Vedder, You Two's Bono and the Edge will be
16:38
Speaker 2: playing together as well, all the Lovees all together singing
16:40
Speaker 2: for Obama. And this building is sixty eight meters high.
16:44
Speaker 2: It's covered in granite. It's very modern, and people don't
16:49
Speaker 2: like it. In Chicago, they've actually called it the Obama Lisk,
16:53
Speaker 2: which is quite a good name for it. It's also
16:56
Speaker 2: got a branch of the library, a fruit and vegetable garden,
16:59
Speaker 2: a water terrace name for Obama's mum, a playground, and
17:02
Speaker 2: a seeding hill, a sledding hill. And that was the
17:04
Speaker 2: idea of Michelle Obama. So Metch we'll talk about that
17:07
Speaker 2: place as well, and he's got a lot of facts
17:09
Speaker 2: and figures. It is quite an extraordinary building. Also still
17:12
Speaker 2: to come right around the country, and later we are
17:15
Speaker 2: going to be previewing the GDP figures. They're out today
17:17
Speaker 2: and almost everybody's saying round about one one point one percent.
17:20
Speaker 2: And by the way, inflation in the UK has come
17:23
Speaker 2: out at two point eight percent. You know, once upon
17:26
Speaker 2: a time got as high as eleven back in twenty
17:28
Speaker 2: twenty two. In the UK. They're doing it tough in
17:31
Speaker 2: the UK. We're doing it tough here, but I think
17:33
Speaker 2: we're doing it better anyway. All that still to come
17:36
Speaker 2: on early edition with news Talks at.
17:38
Speaker 1: Bee the news you need this morning and the in
17:54
Speaker 1: depth analysis Early edition with Andrew Dickens and Spark for
17:59
Speaker 1: Business take Biology that keeps business moving. News Talks it'd.
18:02
Speaker 2: Beanda Dickens, eDV Ryan Bridge. He's back on Monday. Apparently
18:13
Speaker 2: Glenn Phillips and Joff Archer are having a ding dong
18:16
Speaker 2: battle at the Oval. All the English commentators are saying
18:20
Speaker 2: this is just a classic. So currently we are two
18:22
Speaker 2: hundred and seventy two for six now as we know,
18:24
Speaker 2: last week we found out Labour came out with its
18:26
Speaker 2: public transport faircap and they priced it sixty five million dollars,
18:30
Speaker 2: which we all instantly thought was too low. I was
18:32
Speaker 2: doing the Drive show and I came out and I said,
18:34
Speaker 2: I reckon, that's three times too low. I reckon, it's
18:36
Speaker 2: more like one hundred and eighty odd million. And that
18:38
Speaker 2: was just back of the envelope and instant calculation, sixty
18:41
Speaker 2: five million. I don't know how they got to there anyway.
18:44
Speaker 2: Since then, economist Sam Warbitton and our own Brad Olsen
18:47
Speaker 2: have priced Labour's proposed public transport faircap at between ninety
18:51
Speaker 2: one million and one hundred and twelve million a year.
18:54
Speaker 2: That is significantly higher than Labour's own estimate. Right now.
18:58
Speaker 2: I mentioned this because the day after the policy release,
19:01
Speaker 2: Simeon Brown reckoned it was more like a quarter of
19:03
Speaker 2: a billion dollars. And he also said, and I quote
19:06
Speaker 2: him from his press release, if one point three six
19:09
Speaker 2: million people are reached, saving more than twelve hundred dollars
19:11
Speaker 2: a year, the cost of delivering those savings would exceed
19:14
Speaker 2: one point six billion dollars annually, not sixty five million.
19:19
Speaker 2: So what does all of that say to you. I'll
19:21
Speaker 2: tell you what it says to me. You cannot trust
19:23
Speaker 2: any politicians with numbers. All of them seem to pluck
19:26
Speaker 2: them out of.
19:27
Speaker 8: Mid air.
19:29
Speaker 1: News talks. Z'd be going.
19:30
Speaker 2: Around the country now, Callum Proctor from duned and good
19:33
Speaker 2: morning to you morning Andrew. So there's going to be
19:35
Speaker 2: a bit of a survey to find out how many
19:37
Speaker 2: Otago people or people in Dneda have been buried in
19:40
Speaker 2: unmarked graves.
19:43
Speaker 8: Yeah, well there's thousands of them around New Zealand, but
19:46
Speaker 8: many here And so the city councils received close to
19:49
Speaker 8: one hundred and eighty nine thousand dollars from the government's research.
19:52
Speaker 8: Are these unmarked grace from people who died while in
19:55
Speaker 8: institutional care here? So this funding is part of the
19:58
Speaker 8: government's response to the Use and Care Royal Commission of Inquiry.
20:03
Speaker 8: Dunedin has a long history of large scale institutions. We
20:06
Speaker 8: had the Seacliffe Asylum just one of them, Cherry Farm another.
20:09
Speaker 8: So the next steps here will include constructing a verified
20:13
Speaker 8: list of deaths and burial locations. The council will also
20:17
Speaker 8: engage with Man of Fenua and Farno on how to
20:20
Speaker 8: best acknowledge those who have passed.
20:21
Speaker 2: How's your weather today?
20:23
Speaker 8: Some morning frost and areas, but a fine day, the
20:25
Speaker 8: odd evening shower later thirteen the heighth good news.
20:28
Speaker 2: Okay Claire here, we're joined us from christ who Tella Claire,
20:31
Speaker 2: good morning. So we've got a woman who disappeared ten
20:33
Speaker 2: months ago. What is the latest. Yeah, this is Rowena Walker.
20:37
Speaker 9: She was last seen as a shop at Dairy and
20:39
Speaker 9: Burwood at around August fourteen. Police yesterday declared that they
20:44
Speaker 9: believe she is dead and was likely the victim of
20:47
Speaker 9: foul play. Yesterday would have been Rowena's fortieth birthday. Her
20:51
Speaker 9: partner at the time was the last verified person to
20:54
Speaker 9: see her alive. Interestingly, we also found out, though, that
20:57
Speaker 9: he is refusing to speak with police. Christ Church has
20:59
Speaker 9: read Zone is set to again become a search spot
21:02
Speaker 9: of for Awena over the next coming weeks. After a
21:05
Speaker 9: search and April found no new evidence. Detective Seeing Your
21:08
Speaker 9: Sergeant Joe, Carolyn says they're not looking for anything specific
21:11
Speaker 9: when they do these searchers, when they are keeping a
21:13
Speaker 9: very open mind. She says, they're focused on areas with
21:16
Speaker 9: best bang for buck and can't rule out the possibility
21:20
Speaker 9: that Rowena is nowhere near the area.
21:22
Speaker 2: Thank you so much. And how's your weather today, Claire.
21:25
Speaker 9: Frosty and culture Star then should clear to find light
21:28
Speaker 9: wins at a high twelve degrees.
21:29
Speaker 2: To Wellington we go caught hea o Neil, good morning
21:32
Speaker 2: and today's today the big decision on the Golden Mile project.
21:35
Speaker 10: Yeah so, Wellington City Councilors are set to make a
21:38
Speaker 10: decision on the future of the Golden Mile project. The
21:40
Speaker 10: major pedestrian, Cycling and Public Transport CBD upgrades are now
21:44
Speaker 10: forecast to cost two hundred and twenty million dollars, up
21:47
Speaker 10: from one hundred and thirty nine million. Council are recommended
21:51
Speaker 10: not to continue with the twenty twenty one approved scope.
21:54
Speaker 10: The Order to General's Office recently barred Counselor Carl tief
21:57
Speaker 10: and Barker from voting, citing his business ownership is a
22:00
Speaker 10: conflict of interest. The City Strategy and Delivery Committee will
22:04
Speaker 10: meet to discuss this from nine thirty am.
22:06
Speaker 2: Now your weather in Wellington we have.
22:09
Speaker 10: Fine spous with northwesterly east turning southerly in the afternoon,
22:12
Speaker 10: temperatures about nine point seven degrees.
22:14
Speaker 2: And nowdal can we go and Neiva let a man
22:15
Speaker 2: who jointed to tell an greetings. Okay, so we've got
22:18
Speaker 2: a Vietnamese restaurant. Now we're going to open a second location.
22:22
Speaker 2: But now they're not and it's the most bizarre and
22:25
Speaker 2: banal reasons.
22:26
Speaker 11: Yes, now this is this big dispute over the paint color.
22:30
Speaker 11: You're quite right, because it was those here in Auckland
22:32
Speaker 11: will know this is pha Yen's Dominion Road location and
22:36
Speaker 11: they wanted to open up another one. This is a
22:38
Speaker 11: new market. But yes, this dispute over the paint color.
22:42
Speaker 11: So the owners say that the buildings landlorded us for
22:46
Speaker 11: the facade to be returned back to its original color.
22:48
Speaker 11: So if you've ever seen this, you know the one
22:51
Speaker 11: down Dominion Road is bright right, bright bright yellow, and
22:53
Speaker 11: that's the brand. That's its brand. But the Lessa's parent company, Tramco,
22:57
Speaker 11: told the Hero look, it's tenant was signed under a
23:00
Speaker 11: different name and never sought approval to paint the storefront.
23:03
Speaker 11: So it's a going a little bit back and forth,
23:05
Speaker 11: back and forth, and then Fai Yen decided that said, look,
23:08
Speaker 11: it's not able to find a solution despite everyone's if
23:10
Speaker 11: it's so the second location will not happen.
23:12
Speaker 1: There a new market it took.
23:13
Speaker 2: Me a long time to realize that you pronounced for
23:16
Speaker 2: even though it's pronounced that, even though it's written fau.
23:18
Speaker 11: Yes, correct, And I double checked on that, because you know,
23:20
Speaker 11: I like to be right with my pronunciation. But it's
23:23
Speaker 11: because it's the bowl of far would just pronounced folk
23:26
Speaker 11: for this morning.
23:27
Speaker 1: Did you say that?
23:29
Speaker 5: Well?
23:29
Speaker 11: I was just saying to the ones there in the newsroom,
23:31
Speaker 11: it feels like it's quite quite heavy fog and I said, no,
23:34
Speaker 11: we've seen it heavier than this before.
23:35
Speaker 2: I went, mm, really, well, we'll wait and find out
23:38
Speaker 2: about the airport.
23:38
Speaker 11: Yes, that's right. Sixteen is a high here in Auckland.
23:40
Speaker 2: I thank you so very very much. Loving the couple
23:42
Speaker 2: who the Russian warship flid shots at in the English Channel,
23:45
Speaker 2: they've actually come out. Their name Sir Jane Kelvy, she's
23:47
Speaker 2: sixty nine and her husband Alan here's seventy. The boat
23:50
Speaker 2: is called Bright Future and they were poodling around towards
23:53
Speaker 2: France on Tuesday night when they came in close contact
23:55
Speaker 2: with the Admiral Grigorovitch, a one hundred and twenty five
23:58
Speaker 2: meter Russian frigate, who then fired five warning shots at
24:01
Speaker 2: them that apparently sounded like a whip crack, and James says,
24:05
Speaker 2: when you hear a gun like that being fired, you
24:07
Speaker 2: know that noise. Anyway, she said, she said, we just
24:10
Speaker 2: don't want it blown out of all proportion. We don't
24:12
Speaker 2: want World War three to start because of this, because
24:14
Speaker 2: it if it had just been five blasts on their horn,
24:17
Speaker 2: we wouldn't have reported it. There would have been nothing
24:19
Speaker 2: to report. It's just that the gunfire was a little surprising.
24:23
Speaker 2: Isn't that lovely? By the way, the Russians said, we
24:26
Speaker 2: just thought we've going to crash into them, and we're
24:29
Speaker 2: a bit worried. We'll use your horn, not your guns. Now,
24:32
Speaker 2: apparently President Trump has been releasing the details of the
24:36
Speaker 2: memorandum of understanding, which I just got an alert on.
24:40
Speaker 2: But we're going to talk about this and the whole thing,
24:42
Speaker 2: and also the Obama Library next with Mitch McCann out
24:45
Speaker 2: of the United States right. Since two thousand and two,
24:47
Speaker 2: Kiwibank has been built on a very simple, very powerful
24:50
Speaker 2: idea to be a New Zealand owned bank that works
24:53
Speaker 2: for New Zealanders and challenges the system to make banking
24:56
Speaker 2: fearer simple as that more than two decades later that
24:59
Speaker 2: commit it remains as strong as ever, guided by its
25:02
Speaker 2: purpose of making of ki We, making key We better off.
25:05
Speaker 2: Kiwi Bank continues to back New Zealanders with a different
25:08
Speaker 2: approach to banking, one that puts people and communities and
25:11
Speaker 2: the country's future first. And when you bank Kiwi, you're
25:14
Speaker 2: choosing a bank that was born here and built to
25:17
Speaker 2: do things differently, a bank that exists to create more competition,
25:20
Speaker 2: deliver better outcomes for customers, and help make banking fairer
25:23
Speaker 2: for everyone. Because banking should do more than just manage money.
25:27
Speaker 2: It should back the people and the businesses that make
25:29
Speaker 2: New Zealand stronger. Kiwi Bank isn't just another bank. It
25:33
Speaker 2: was born to buck the system. Bank ki We Kiwi.
25:37
Speaker 1: Bank International correspondence with ends and Eye Insurance Peace of
25:41
Speaker 1: mind for New Zealand business.
25:44
Speaker 2: So President Trump is speaking at the G seven. He's
25:48
Speaker 2: issued new threats to a run if they don't stick
25:49
Speaker 2: to the Memorandum of Understanding, saying he'll resume bombing them.
25:53
Speaker 2: And it comes as speculation mounts over what's in the MoU.
25:56
Speaker 2: The White House has only just this minute released it.
25:59
Speaker 3: If they don't honor the agreement or some things aren't
26:02
Speaker 3: even mentioned in the Agreement's a memorandum of understanding, but
26:04
Speaker 3: we have an understanding of certain things without grating it.
26:09
Speaker 3: And if they don't honor that, we'll probably go back
26:12
Speaker 3: to bombing them until they honor it. You know, it's
26:15
Speaker 3: amazing what bombs can do.
26:17
Speaker 2: So joining us out of America as much McKay I
26:19
Speaker 2: metch Hello, Hi, Andrew, how are you doing? Very good?
26:21
Speaker 2: It's just been released. I just got at alert from it,
26:24
Speaker 2: so I don't know if you know any detail. All
26:25
Speaker 2: I know is they're going to refrain from interfering in
26:27
Speaker 2: each other's affairs. Yeah, that's right.
26:30
Speaker 12: The New York Times has posted details of this MoU
26:32
Speaker 12: that was released by US officials two reporters in the
26:35
Speaker 12: last few moments. It includes a cessation of fighting, the
26:38
Speaker 12: strain of hor moves will reopen, all sanctions will be lifted,
26:41
Speaker 12: and a mutual agreement that Iran won't have a nuclear weapon.
26:44
Speaker 12: There's also this case of a three hundred billion dollar
26:47
Speaker 12: reconstruction fund for Iran, something Donald Trump says will only
26:52
Speaker 12: happen if Iran behaves now, Andrew. This was expected to
26:55
Speaker 12: be signed on Friday, US time in Geneva. Donald Trump
26:59
Speaker 12: says he might actually hang around and it might be
27:01
Speaker 12: signed tomorrow, which is Thursday, US time. I think the
27:05
Speaker 12: key thing to understand here is this doesn't address the
27:07
Speaker 12: main issue of nuclear capability in terms of all the specifics.
27:12
Speaker 12: So there's another couple of months of negotiations here. But
27:14
Speaker 12: this is a I guess a deal in the meantime.
27:18
Speaker 12: But it's still plenty of movement here.
27:19
Speaker 2: I think, yeah, exactly, they've got sixty days to figure
27:22
Speaker 2: out the new thing, and that is going to be
27:23
Speaker 2: the real sticker, because essentially that was one of the
27:25
Speaker 2: main reasons we went in there. Sorry I shouldn't say we,
27:28
Speaker 2: they and of course regime change. And I hear that
27:32
Speaker 2: Geneva already is abandoned. They've bought it up, all sorts
27:35
Speaker 2: of stuff. They're ready for the sunning and ready to go. Meanwhile,
27:38
Speaker 2: much happier news, the Obama disc as they've caught it
27:41
Speaker 2: is about to open. This is the new Obama Presidential Library.
27:44
Speaker 2: Lots of who are happening today.
27:46
Speaker 1: Yeah, that's right.
27:48
Speaker 12: It's an interesting shape that building.
27:49
Speaker 1: They will say.
27:50
Speaker 12: Many US presidents, of course, have our presidential libraries when
27:53
Speaker 12: they leave office. Barack Obama will be doing exactly that
27:56
Speaker 12: he'll be opening his one in the next few days.
27:58
Speaker 12: He calls it the Presidential Center. It's based on the
28:01
Speaker 12: South side of Chicago. It cost eight hundred and fifty
28:04
Speaker 12: million dollars and it takes up almost twenty acres of land.
28:07
Speaker 12: And at the opening ceremony in the next couple of days,
28:10
Speaker 12: there's going to be musical performances Andrew from Stevie, Wonder
28:13
Speaker 12: Bono and Bruce Springsteen. They're all going to be performing
28:15
Speaker 12: and the general public can access the center from Friday.
28:19
Speaker 12: I can expect a lot of people will be wanting
28:22
Speaker 12: to go there, so I'm sure if I want to
28:24
Speaker 12: do that after book tickets well in advance.
28:26
Speaker 2: I imagine it's an amazing building. I go just to
28:28
Speaker 2: walk around the building. It is quite an incredible thing.
28:30
Speaker 2: And some people will find it ugly, some people will
28:32
Speaker 2: find it impressive, and some people will find it beautiful.
28:35
Speaker 2: And I thank you so much, Mitch McCann. It is
28:37
Speaker 2: eleven to six news Talk zibby Jeddp's out today for
28:41
Speaker 2: the March quarter. It's expected to paint a picture of
28:44
Speaker 2: how the economy has reacted to all the arju bargie
28:46
Speaker 2: that's happened over the last couple of months. Economists are
28:49
Speaker 2: expecting growth between point seven and one percent. That is
28:52
Speaker 2: up on zero point two percent recorded in December. So
28:56
Speaker 2: to join me to preview this, it's Michael Gordon, Westpac's
28:59
Speaker 2: Senior Economy So what's your pick.
29:02
Speaker 4: My pick's are one percent rise for the quarters. It's
29:04
Speaker 4: at the top end of that range of the pack.
29:08
Speaker 4: There are some little quirks around how GDP gets reported,
29:11
Speaker 4: which means that March quarters tend to be a bit
29:14
Speaker 4: overstated compared to the others. I'd say that like the
29:16
Speaker 4: underlying number I put it, it's maybe like a point
29:19
Speaker 4: six percent, which is pretty good. It's not raging away though.
29:22
Speaker 2: So if you say one percent quarterly growth, what would
29:24
Speaker 2: annual growth look like.
29:27
Speaker 4: We are looking at annual growth about one point two percent.
29:31
Speaker 4: There was actually a good March quarter last year which
29:33
Speaker 4: is dropping out, but there's been some very volatile quarterly
29:37
Speaker 4: GDP numbers, so I think it's probably is right to
29:40
Speaker 4: look at that year and year rate one point two percent.
29:43
Speaker 4: It's a head of population growth where we're getting ahead
29:47
Speaker 4: of things slightly, which wasn't the case a year or
29:48
Speaker 4: two ago.
29:49
Speaker 2: It's only just ahead of population growth. We're still pretty anemic, really,
29:53
Speaker 2: aren't we.
29:55
Speaker 4: Yeah, it's and coming out of quite a marks downturn
29:59
Speaker 4: after last couple of years. So normally this is the
30:02
Speaker 4: phase where we should be actually able to get some
30:06
Speaker 4: quite strong growth because there is lots of room to grow.
30:09
Speaker 4: But of course there are still some headwinds against the economy,
30:13
Speaker 4: notwithstanding I guess the more recent side of the RM conflict,
30:16
Speaker 4: which is probably not going to show up in March
30:19
Speaker 4: quarter activity, but there is still I think the fact
30:24
Speaker 4: that we had I guess interest rate and relief over
30:28
Speaker 4: the last few years. Interest rates came down from high levels,
30:31
Speaker 4: never got particularly low, So it's really been a case
30:33
Speaker 4: of the Reserve Bank and sort of took its foot
30:37
Speaker 4: off the break wasn't really stomping on the accelerator to
30:40
Speaker 4: get the economy going in in the way that it
30:42
Speaker 4: may have done in past cycles.
30:44
Speaker 2: Yeah, and you mentioned briefly, of course, the troubles that
30:46
Speaker 2: we've had and the oil shocks that we've had, and
30:49
Speaker 2: the energy shocks that we've had, And the weird thing
30:51
Speaker 2: is from all the data and that's why we're waiting
30:53
Speaker 2: for the GDP or a GDP quarter that will actually
30:56
Speaker 2: illustrate what actually happened to us. But what we can
30:59
Speaker 2: see alreally from some little clues around the place is
31:01
Speaker 2: it's been quite a bizarre shock. In some areas it's
31:04
Speaker 2: hit as hard than other areas. It hasn't hit us
31:06
Speaker 2: at all.
31:09
Speaker 4: Yeah, and we're sort of still waiting for the tail
31:11
Speaker 4: of tape on something. So you know areas that you
31:15
Speaker 4: might expect to be hits that are fuel intensive, like
31:19
Speaker 4: overseas tourism, you need to burn a lot of fuel
31:21
Speaker 4: to get a plane over here. I think it's been
31:23
Speaker 4: more gradual thing in terms of seeing those overseas visit
31:26
Speaker 4: and numbers starting to come down, But there are I
31:28
Speaker 4: think there is a long tail in that in terms
31:31
Speaker 4: of airlines, perhaps hedging and so on. So they can
31:33
Speaker 4: absorb it for a while.
31:34
Speaker 2: And of course you look at the GDP and then
31:36
Speaker 2: we start thinking about the OCR, so what are your
31:38
Speaker 2: record is going to happen to rates.
31:42
Speaker 4: Well, we're a little bit different for the pack in
31:44
Speaker 4: terms of timing, so we think that the September meetings
31:50
Speaker 4: are more likely for the first increase in the OCR.
31:53
Speaker 4: There's probably a majority expecting them to go in their
31:57
Speaker 4: early July meeting However, I think that you was very
32:00
Speaker 4: much contingent on the idea of the jump and oil
32:05
Speaker 4: prices and flowing through to cost and preases elsewhere. If
32:09
Speaker 4: that oil price shock is now reversing, which it has
32:12
Speaker 4: to a very large degree, the case for urgent action
32:16
Speaker 4: by the Reserve Bank starts to fall away, and then
32:18
Speaker 4: it comes back to well, what's the state of the economy.
32:20
Speaker 4: What were they thinking about before this oil shop?
32:23
Speaker 2: What was the fundamental exactly? Michael Gordon, I think you
32:25
Speaker 2: for your time. Michael is Westpac Senior economist. It's be
32:28
Speaker 2: It's seven to six.
32:30
Speaker 1: Andrew Dickens on early edition with Spark for Business Technology
32:35
Speaker 1: that keeps Business Moving, News TALKSB.
32:38
Speaker 2: Mike co Loskin joins me, and when Peters is joining
32:41
Speaker 2: you and you're pro I don't.
32:43
Speaker 6: Know whether that's the thing. What I mainly want to
32:45
Speaker 6: know is whether that was just a sort of a
32:47
Speaker 6: spur of the moment spray because you need a crime.
32:49
Speaker 2: To go to jail the present thing.
32:51
Speaker 6: Yeah, yeah, I mean to say they should be in jail.
32:54
Speaker 6: I mean, I think it was that an emotional outburst
32:56
Speaker 6: as opposed to I mean, you've got to find a crime.
32:58
Speaker 6: What's the crime, and it was just funnily enough. Look,
33:00
Speaker 6: this is AI for your is chat g GPT, I said,
33:04
Speaker 6: is misleading an official a crime? And it's not, of course,
33:07
Speaker 6: So you need a crime to go to jail. So
33:08
Speaker 6: I don't know where they're bloke a moment ago I
33:11
Speaker 6: tend to agree with him. I think this inflation thing
33:15
Speaker 6: has not turned out to be as bad as they
33:17
Speaker 6: thought it was, and therefore leaping next month into some
33:20
Speaker 6: sort of increase in rates. I can't see what the
33:22
Speaker 6: rationale for that would be, because they need to contain inflation.
33:25
Speaker 6: But if the inflation is not as bad as you
33:27
Speaker 6: thought it was, you're not doing anything.
33:29
Speaker 2: A slow recovery rate now, and why would you go
33:31
Speaker 2: and stop on a slow recovery.
33:32
Speaker 6: It's pretty good to think with the interest rates, the
33:34
Speaker 6: job numbers out this morning, if you've seen those, we
33:37
Speaker 6: are having more jobs advertised now. So this Willa jeen
33:40
Speaker 6: prime that you had on before, and she is busy
33:41
Speaker 6: saying I know a person who was you know, twelve
33:44
Speaker 6: thousand people who applied to be a cleaner. Anyone can
33:46
Speaker 6: do that. That's an old political trick. But the fact is,
33:48
Speaker 6: if you look at the stats this morning, there were
33:50
Speaker 6: more jobs being advertised than they have been for two years,
33:52
Speaker 6: and their facts that You've.
33:53
Speaker 2: Got to realize it's more important for politicians to argue
33:56
Speaker 2: about to each other and call each other names to
33:58
Speaker 2: actually do something positive for.
34:00
Speaker 6: I guess so all I'm into is facts, though, and
34:02
Speaker 6: there seemed to be a decent number of facts about
34:05
Speaker 6: the place that would indicate that life isn't as bad
34:07
Speaker 6: as we would believe it to be at the moment.
34:09
Speaker 6: So anyway, Winston Peters and you you mentioned miss Upston
34:12
Speaker 6: and the John's right the.
34:13
Speaker 2: Other side of the fight. Great to have. Thank you
34:16
Speaker 2: to producer Kenzie set up Sam. I'm Andrew Dickins. I'm
34:19
Speaker 2: back tomorrow, see you.
34:20
Speaker 1: I dropped it. For more from early edition with Ryan Bridge.
34:26
Speaker 1: Listen live to news Talks it'd be from five am weekdays,
34:30
Speaker 1: or follow the podcast on iHeartRadio.