Latest / Early Edition with Ryan Bridge / Full Show Podcast: 08 April 2026
Transcript
- 0:00Speaker 1: The issues, the interviews and the insight. Ryan Bridge on
- 0:05Speaker 1: early edition with Spark for Business Technology that keeps business
- 0:09Speaker 1: moving news talks.
- 0:10Speaker 2: They'd be very good morning, six after five.
- 0:12Speaker 3: Great to have your company coming up this hour the
- 0:15Speaker 3: OCRs OCR Day to Day Will Sharon Zolna from A
- 0:18Speaker 3: and Z on that Gavin's in the UK for US.
- 0:20Speaker 3: Should ministers here be able to sack their department's CEOs
- 0:23Speaker 3: because currently they can't.
- 0:24Speaker 2: And we'll head to Jerusalem on the.
- 0:26Speaker 3: War the agenda eighth of April. He's warning civilization could
- 0:34Speaker 3: die tonight. This is in Iran and it's Trump. There's
- 0:37Speaker 3: seven hours left on his countdown clock at present.
- 0:40Speaker 4: To waite boat a civilization anywhere would be to put
- 0:44Speaker 4: all of us on a course for the end of
- 0:46Speaker 4: the world. And we have to believe that Donald Trump
- 0:49Speaker 4: doesn't want that. I think what he is playing at
- 0:53Speaker 4: is possibly what we've seen before. The marketing of a
- 0:58Speaker 4: resolution to this conflict can be presented as a US success.
- 1:02Speaker 3: This is how jd Vance is explaining it. He's in
- 1:05Speaker 3: Budapest at the moment.
- 1:06Speaker 1: They've got to know.
- 1:07Speaker 5: We've got tools in our toolkit that we so far
- 1:09Speaker 5: haven't decided to use. The President of United States can
- 1:12Speaker 5: decide to use them, and he will decide to use
- 1:14Speaker 5: them if the Ranians don't change their force of condom.
- 1:17Speaker 3: When you talk about ending civilization, you immediately go to
- 1:20Speaker 3: a nuclear weapon, don't you. Is that what you thought too?
- 1:22Speaker 3: We'll talk about that in a second. Why is jd
- 1:25Speaker 3: Vance in Budapest? But he's there to support Victor Auban,
- 1:28Speaker 3: who we told you yesterday is an ally of Trump,
- 1:31Speaker 3: actually potentially an ally of Putin as well. He's going
- 1:34Speaker 3: to the polls Sunday.
- 1:36Speaker 6: We all gratitude to President Trump and the Vice President
- 1:40Speaker 6: Vans for standing by Hungary during the past years.
- 1:44Speaker 2: The United States of.
- 1:45Speaker 6: America is the strongest country in the world, and I
- 1:49Speaker 6: am happy to say that they are our allies today.
- 1:53Speaker 6: The peace and the security of Hungary, therefore is guaranteed.
- 1:56Speaker 2: Finally, this morning, it's by by ken Ye.
- 1:58Speaker 3: He's been blocked from entering the UK because of a
- 2:01Speaker 3: bunch of sort of pro Nazi stuff that he said
- 2:03Speaker 3: a few years back. The gig that he was meant
- 2:05Speaker 3: to format has been canned as well.
- 2:07Speaker 7: They really don't have anyone to blame other than themselves, really,
- 2:11Speaker 7: I mean, this was a wrong decision to invite Kanya
- 2:14Speaker 7: in the first instance, they should have done the decent
- 2:16Speaker 7: thing and canceled it once they saw the concern there was,
- 2:20Speaker 7: and now it's all fallen apart, but they have no
- 2:22Speaker 7: one to blame themselves. We want to see music festivals
- 2:25Speaker 7: being places of love and joy and togetherness, not places
- 2:28Speaker 7: where hate and hateful actors or performers are on stage.
- 2:35Speaker 1: The first word on the News of the Day Early
- 2:38Speaker 1: edition with Ryan Bridge and Spark for Business Technology that
- 2:42Speaker 1: keeps business moving News talks.
- 2:44Speaker 3: It'd be just gone nine minutes after five. We have
- 2:46Speaker 3: some numbers for you this morning. The global dairy trade
- 2:48Speaker 3: numbers are out. This is our fortnightly option and it's down.
- 2:52Speaker 3: It's actually the first drop that we've seen this year.
- 2:54Speaker 3: Remember last year it was tailing off towards the end,
- 2:57Speaker 3: and then we picked up again in January and haven't
- 2:59Speaker 3: really stopped well. Now we have down three point four
- 3:02Speaker 3: percent overnight, butter down eight point one percent, mozzarella down
- 3:06Speaker 3: six point two. The ones we really care about are
- 3:08Speaker 3: the milk powders. Skim milk powder that is down one
- 3:11Speaker 3: point six, whole milk powder down point seven. Now, yesterday
- 3:15Speaker 3: we had some good news on the commodity price front
- 3:18Speaker 3: because A and Z released there. This is the monthly
- 3:21Speaker 3: index of commodity prices, and they were up, in fact
- 3:25Speaker 3: near a record high for March. In fact, the only
- 3:30Speaker 3: other month that's been higher was after the war with
- 3:33Speaker 3: Ukraine broke out between Russia and Ukraine. So four point
- 3:36Speaker 3: one percent was the monthly increase. It was pretty much
- 3:40Speaker 3: across all categories. Dairy aluminium led the charge, and the
- 3:44Speaker 3: reason is that, well, basically people were going out and
- 3:47Speaker 3: precorded and being a bit scared about the war in
- 3:50Speaker 3: Iran and what it might mean for shipping, and so
- 3:54Speaker 3: they did some precautionary buying. And also with aluminium, the
- 3:59Speaker 3: UAE has smell to there that was damaged in some
- 4:02Speaker 3: attacks by Israel, so that's tightened up sorry by I run,
- 4:06Speaker 3: so that's tightened up the supply.
- 4:08Speaker 2: Our dollar is also weak.
- 4:10Speaker 3: So all of these things add together to mean that
- 4:13Speaker 3: the commodity prices are higher in world value terms, world
- 4:17Speaker 3: price terms are higher, and we're doing better now.
- 4:20Speaker 2: The interesting thing.
- 4:20Speaker 3: Will be what happens after this if you go out
- 4:23Speaker 3: and buy a whole bunch of stuff because you're worried
- 4:26Speaker 3: that the world's going to end. Then the next time
- 4:29Speaker 3: there is an option I you today, you buy less potentially,
- 4:33Speaker 3: and that might be why we are seeing the price
- 4:36Speaker 3: the global dairy trade auction come down. Aliuminium by the way,
- 4:40Speaker 3: up nine point eight percent month on month eleven. After five, Brian,
- 4:46Speaker 3: you're too Jerusalem next. I mean, honestly, Donald Trump just
- 4:49Speaker 3: calmed down, can you. And the more he get, the
- 4:52Speaker 3: more sort of bombastic he gets. You think, Okay, well,
- 4:55Speaker 3: he's either so frustrated because they're not giving him what
- 4:58Speaker 3: he wants that he's going to bression that literally the
- 5:01Speaker 3: end of the world, and then he'll pull back and
- 5:04Speaker 3: everything will be fine and the whole war will be over.
- 5:07Speaker 3: There'll be some kind of deal done. Well, the Iranians
- 5:10Speaker 3: have said that they're not going to negotiate directly with
- 5:12Speaker 3: the US from here on, and so that can't.
- 5:14Speaker 2: Be a good sign.
- 5:14Speaker 3: We'll head to Jerusalem for the latest on this.
- 5:16Speaker 1: Next on your radio and online on iHeartRadio Belly Edition
- 5:22Speaker 1: with Ryan Bridge and Spark for Business Technology that keeps
- 5:26Speaker 1: Business Moving Newstalk ZB.
- 5:28Speaker 3: Five thirteen on News Talk ZB Wellington.
- 5:31Speaker 2: You're not crazy.
- 5:31Speaker 3: Your rates are extremely high and you are paying through
- 5:35Speaker 3: the notes for them. Rates in Wellington have doubled since
- 5:38Speaker 3: twenty twelve, doubled, I know, just let that sink in
- 5:43Speaker 3: amongst the highest in the country, least affordable in the country,
- 5:46Speaker 3: including the levy for this new mile points sludge minimization plant,
- 5:50Speaker 3: which is apparently five hundred million dollars it's going to
- 5:53Speaker 3: cost the media and Wellington City residential rates have gone
- 5:57Speaker 3: from about nineteen hundred dollars and twenty two twelve to
- 6:00Speaker 3: five one hundred and seventy seven dollars last year. Now
- 6:04Speaker 3: that far outpaces your increase in household wages over the
- 6:08Speaker 3: same period, which were fifty six percent. So that's why
- 6:11Speaker 3: you're feeling the squeeze, and that's why you've elected Andrew Little,
- 6:13Speaker 3: who said he'd come in and sort the rates out.
- 6:16Speaker 3: You're never going to elect a right winger in Wellington,
- 6:18Speaker 3: are you, But I suppose Andrew Little is the closest
- 6:21Speaker 3: thing you'll get a centrist. He's brought the rates hight
- 6:24Speaker 3: for this year down from twelve percent to seven percent.
- 6:27Speaker 3: There'll be some cuts that will have to happen to
- 6:28Speaker 3: make that work, but he also wants and this is
- 6:32Speaker 3: what he's sort of ramping up to now is he
- 6:34Speaker 3: wants the government to pay rates on Parliament because they
- 6:39Speaker 3: don't at the moment, on schools, on Wellington Hospital, all
- 6:43Speaker 3: of those government buildings, they don't pay rates.
- 6:46Speaker 2: He says, actually they should Bryan Bridge, which would mean
- 6:50Speaker 2: you pay less.
- 6:50Speaker 3: Of course, five point fifteen, So seven hours on the
- 6:52Speaker 3: clock till Trump's peace deadline runs out. He has handed
- 6:56Speaker 3: to run a ten point plan for a ceasefire, but
- 6:59Speaker 3: the raging doesn't seem to be a fan of this.
- 7:02Speaker 3: So basically it's midday to day in New Zealand time,
- 7:04Speaker 3: and if this doesn't happen, quote, a whole civilization will
- 7:07Speaker 3: die tonight. Dan Saba is a defense and security editor
- 7:11Speaker 3: at The Guardian.
- 7:12Speaker 2: Joins us this morning.
- 7:13Speaker 3: Hi Dan, Hi, Hi. So well, let's start with what
- 7:17Speaker 3: Israel's doing overnight. I've been striking some bridges and transport
- 7:21Speaker 3: areas in Iran.
- 7:25Speaker 8: Yes, that's right, one of the things that's happened obviously
- 7:28Speaker 8: during I'm in Jerusalem, so is during the day during
- 7:30Speaker 8: the day here. But yeah, we're all been looking ahead
- 7:33Speaker 8: to this Trump deadline tonight. But and Trump has been
- 7:37Speaker 8: threatening to bomb bridges and power plants, and we were
- 7:39Speaker 8: sort of expecting that could potentially be happening tomorrow. But
- 7:42Speaker 8: here we are, here we are. The Israelis began the
- 7:46Speaker 8: day and said we're going to bomb you know, telling
- 7:47Speaker 8: Arenians to keep away from the railway networks because they
- 7:50Speaker 8: might be bombed anytime during the day. That's how the
- 7:53Speaker 8: day started. And it looks like the idea of the
- 7:55Speaker 8: Israeli Air Force. So it bombed eight different bridges or
- 8:00Speaker 8: eight different parts of the railway network in and around Tehran.
- 8:04Speaker 8: So they're already, you know, never mind the deadline that
- 8:08Speaker 8: John Trump's talking about or it's crazy extraordinary talk about
- 8:13Speaker 8: civilization Erasia, but uh uh, you know, already we're seeing
- 8:17Speaker 8: civil infrastructure being heavily bombed in Iran.
- 8:20Speaker 2: Yeah.
- 8:21Speaker 3: What do you think that is about the Israelis going
- 8:23Speaker 3: ahead and doing that ahead of time? Is that a
- 8:25Speaker 3: warning like this is what you know, we're serious, we
- 8:28Speaker 3: will go ahead and do this.
- 8:31Speaker 8: I think it's a mixture, Yes, I think it's partly that.
- 8:33Speaker 8: I think it's part of it's designed to kind of
- 8:35Speaker 8: up the pressure on on Iran as this negotiating deadline come,
- 8:39Speaker 8: you know, comes close. The reality is thus far throughout
- 8:42Speaker 8: you know, throughout the day doesn't it like Iran is
- 8:46Speaker 8: really that interested in talking. It doesn't like the terms
- 8:49Speaker 8: that have been put in front the fit. Iran wants
- 8:51Speaker 8: a permanent end to the war. It doesn't want to
- 8:53Speaker 8: cease fire, which is what's been on put you know,
- 8:56Speaker 8: on offer from mediators like the Egyptians and the Turks
- 9:02Speaker 8: and the Pakistanis it doesn't want this kind of idea
- 9:04Speaker 8: that they could be a ceasefire and then the Americans
- 9:06Speaker 8: could just bomb anyway for a couple of days and
- 9:08Speaker 8: then kind of say, oh, it's still a ceasefire. They
- 9:12Speaker 8: think that's kind of unfair. They want a full deal.
- 9:15Speaker 8: But the kind of things that they want seem to
- 9:17Speaker 8: want is they still want something a degree of control
- 9:19Speaker 8: over the straits of horn moves. And that's a non
- 9:21Speaker 8: start for Trump, who memorably said open the bleep straight
- 9:26Speaker 8: on social media earlier this week. So we're two sides
- 9:30Speaker 8: are a long way up, two sides seem a long
- 9:32Speaker 8: way apart. So I think that's partly why we're seeing
- 9:35Speaker 8: this increased bombing.
- 9:36Speaker 3: And then you've got the Golf States who want Trump
- 9:38Speaker 3: basically to keep going, don't they.
- 9:42Speaker 8: Well, well, the girlf States are being hit very hard
- 9:46Speaker 8: I think we've seen another facility in Saudi Arabia was
- 9:49Speaker 8: bombed to bomb today and they clearly would like the
- 9:54Speaker 8: US to somehow finish the job, although it's not exactly
- 9:57Speaker 8: obvious how the Americans can do that, given they work
- 10:01Speaker 8: commit ground forces. And if Iran is willing, if Iran's
- 10:05Speaker 8: leadership or new leadership is willing to take an awful
- 10:08Speaker 8: lot of pain, and it seems to be so far
- 10:11Speaker 8: done so, then this could go on for some time.
- 10:15Speaker 8: It's not a very attractive scenario for ninety million ordinary
- 10:18Speaker 8: Iranians that are caught up in this.
- 10:19Speaker 3: Though certainly not Dan appreciate your analysis. Thank you, Dan Saba,
- 10:23Speaker 3: Defense and Security editor at The Guardian. It is eighteen
- 10:26Speaker 3: after five. News Talks HEB the New Zealand Initiative next
- 10:28Speaker 3: saying that government ministers here should have the power to
- 10:32Speaker 3: fire high and fire their department chief executives.
- 10:36Speaker 2: News Talks HEB News.
- 10:39Speaker 1: And Views You Trust to start your day. It's early
- 10:42Speaker 1: edition with Ryan Bridge and Spark for Business Technology that
- 10:46Speaker 1: keeps Business Moving.
- 10:48Speaker 3: News TALKSB twenty one after five. Sharon Zold from a
- 10:51Speaker 3: Z on the OCEA decision out today from the Reserve
- 10:53Speaker 3: Bank that's coming up before six right now. The New
- 10:56Speaker 3: Zealand Initiative reckons, think tank reckons that Ministers of the
- 11:00Speaker 3: Crown here should have the power to fire their department's
- 11:02Speaker 3: CEOs ol of a heart, which the New Zealand Initiative
- 11:05Speaker 3: executive directed with me this morning.
- 11:06Speaker 2: On of a good morning, good morning.
- 11:09Speaker 3: So why do you Well, first of all, what's the
- 11:11Speaker 3: reason we don't let them.
- 11:13Speaker 2: Do it at the moment.
- 11:15Speaker 9: Well, the reason is actually that since nineteen eighty eight,
- 11:17Speaker 9: the Public Service Commission has been in charge of appointing
- 11:20Speaker 9: department chief executives. It's quite an unusual scenario really because
- 11:24Speaker 9: most people think when we bought for a government, the
- 11:27Speaker 9: government has the rights to basically govern as they like
- 11:30Speaker 9: and as they promise them their manifestos. But in fact
- 11:33Speaker 9: it's actually a Public Service Commission that appoints the department
- 11:35Speaker 9: chief executives, and very few other countries for system like that.
- 11:39Speaker 3: Yes, but they can say, the minister can say I
- 11:42Speaker 3: don't have confidence in so and so and that. I
- 11:44Speaker 3: mean they normally sort it out. Did they need to
- 11:47Speaker 3: be able to pull the lever themselves.
- 11:50Speaker 9: I think it would be a lot cleaner because I mean,
- 11:52Speaker 9: if you think about it this way. You might be
- 11:55Speaker 9: a minister just sworn in, but the department ce has
- 11:58Speaker 9: been reappointed by the previous government and under the Public
- 12:01Speaker 9: Service Commissioner back then, and then you spent your entire
- 12:04Speaker 9: term working with someone who you haven't picked, who might
- 12:07Speaker 9: not be happy with you, and vice versa, and that
- 12:09Speaker 9: actually doesn't work well. Then to implement the government's agenda.
- 12:13Speaker 3: Can you give me an example of where this hasn't
- 12:15Speaker 3: worked or why this hasn't worked.
- 12:18Speaker 10: Well?
- 12:18Speaker 9: I mean, if you look at the resource management reforms
- 12:20Speaker 9: currently going through Parliament. So the coalition agreement was crystal
- 12:24Speaker 9: clear what they wanted to achieve was a new resource
- 12:27Speaker 9: management system based on property rights. We got a cabinet
- 12:30Speaker 9: paper in twenty four which promised just that, and when
- 12:33Speaker 9: you look at the draft legislation now before Parliament, there
- 12:37Speaker 9: is very little of that's still in there, and we
- 12:39Speaker 9: can suspect that the bureaucracy simply watered down the plants
- 12:42Speaker 9: that they didn't like.
- 12:44Speaker 2: What are they do in Germany?
- 12:46Speaker 9: Well, in Germany, under the constitution, the minister is in
- 12:49Speaker 9: charge of the ministry. It's articled sixty five of the
- 12:52Speaker 9: Basic Law, and that basically makes the Minister the Chief exect. Now,
- 12:55Speaker 9: in practice, of course, it means the ministers appoint a
- 12:58Speaker 9: state Secretary's state secretary runs the department on their behalf,
- 13:02Speaker 9: and that state secretary has to be qualified, so there's
- 13:06Speaker 9: a clear qualification requirement under the law. But also it's
- 13:09Speaker 9: someone that the minister can trust, So it's a political appointment,
- 13:12Speaker 9: but the rest of the public service is totally neutral.
- 13:16Speaker 9: So the political appointments are really for the top tier
- 13:19Speaker 9: of public servants, but nothing underneath the rest is totally protected.
- 13:23Speaker 9: There are guard rails, there is a whistleblower clause, and actually,
- 13:27Speaker 9: if you ever try to do anything unlawful in Germany,
- 13:31Speaker 9: the public service has a duty to object to that.
- 13:34Speaker 9: So it is not a jobs for maid's scheme. It
- 13:37Speaker 9: is something with guard rails, but it ensures that the
- 13:39Speaker 9: government of the day can implement their gender.
- 13:42Speaker 3: Appreciate your time, Oliver Hartwich, New Zealand Initiative Executive directed
- 13:45Speaker 3: time is twenty four minutes after five. It's kind of
- 13:48Speaker 3: hard to argue with that, isn't it. I mean, I
- 13:50Speaker 3: suppose the only thing you know, you look at what's
- 13:53Speaker 3: his name, Pete Higgsseeth at the Department of Defense, or
- 13:56Speaker 3: Department of War whatever they're calling it now, firing people
- 13:59Speaker 3: left right and send to get rid of this general,
- 14:01Speaker 3: get rid of that general, because I don't like them.
- 14:03Speaker 3: They're not a yes man. They don't follow what I
- 14:05Speaker 3: want them to do. Good thing, bad thing. It could
- 14:08Speaker 3: go either way, I suppose, depending on who's in charge.
- 14:11Speaker 2: Right.
- 14:11Speaker 3: It is twenty four minutes after five. I've got a
- 14:13Speaker 3: lovely story about a pumpkin that has won a competition
- 14:16Speaker 3: in Australia I want to share with you, but we'll
- 14:18Speaker 3: also talk more about the war next and loads of
- 14:20Speaker 3: your texts coming in on rates, especially in Wellington.
- 14:24Speaker 2: Unsurprisingly, the early.
- 14:25Speaker 1: Edition full show podcast on iHeartRadio Power by News Talks
- 14:30Speaker 1: V News TALKSB.
- 14:32Speaker 3: It is twenty six minutes after five. Let's talk about
- 14:34Speaker 3: the elephant in the room this morning, shall we? This
- 14:36Speaker 3: war in Iran has been a bit of a balls
- 14:39Speaker 3: up from Donald Trump at this point. He's cried wolf
- 14:42Speaker 3: now three times on his ultimatums. He's said one thing
- 14:46Speaker 3: and then in the next breath said the exact polar
- 14:48Speaker 3: opposite of it, and now he's talking about ending an
- 14:52Speaker 3: entire civilization, which again is probably bluster, but who really knows.
- 14:56Speaker 3: White House officials have described him as being in a
- 14:59Speaker 3: defiant move. Walls aren't generally one on moods, they're one
- 15:03Speaker 3: on strategy and execution, and the game plan for Iran
- 15:06Speaker 3: has clearly been sorely lacking for some time. Even Nigel Farage,
- 15:10Speaker 3: of all people, has come out overnight said Trump's gone
- 15:13Speaker 3: too far with his rhetoric. Tucker Carlson, he wants the
- 15:17Speaker 3: military to directly disobey Trump's orders refuse to carry out
- 15:21Speaker 3: his bombing. The reason this is all for nothing is
- 15:24Speaker 3: because Trump could blast Iran's military infrastructure till the cows
- 15:27Speaker 3: come home and still not get every drone, every speedboat,
- 15:30Speaker 3: every regime loving terrorist out there, and all it takes
- 15:33Speaker 3: are a few of them to hold the world to
- 15:35Speaker 3: ransom via the Strait, as we're all learning. So Trump
- 15:38Speaker 3: ups the ante, He talks tough, he threatens to end civilization.
- 15:43Speaker 2: And what have the Iranians done.
- 15:45Speaker 3: They've cut off direct diplomatic talks with the US, which
- 15:49Speaker 3: means we're now in some quite dangerous territory. Remember, for
- 15:53Speaker 3: them to win, or claim they have won, all they
- 15:55Speaker 3: have to do is survive to live another day, which
- 15:58Speaker 3: leaves Trump either ending in an entire civilization, which surely
- 16:02Speaker 3: he won't do because that could end the world or
- 16:05Speaker 3: backing down again. Either way not a great outcome for
- 16:10Speaker 3: a strong man like him, Ryan Bridge, this is what
- 16:14Speaker 3: Farag said. So there's been two Farage stand ups today.
- 16:17Speaker 3: One was he was talking about a local immigration policy
- 16:21Speaker 3: and then he did a walk about. So this is
- 16:23Speaker 3: what he initially said about Trump before the civilization chat.
- 16:27Speaker 11: Without America, we are virtually defenseless. So both the British primatis,
- 16:31Speaker 11: i'd say to Trump, what is the aim, what is
- 16:34Speaker 11: the objective, what is the end game?
- 16:36Speaker 2: What is the way out?
- 16:38Speaker 11: And provide that I received satisfactory answers to those questions,
- 16:41Speaker 11: I would say the continued use of our basis was
- 16:44Speaker 11: the right thing to do.
- 16:46Speaker 3: Yeah, he does a walk about afterwards, and in that
- 16:48Speaker 3: time Trump has put up his truth social post about
- 16:51Speaker 3: ending the civilization, and Faraj says, I am quite shocked
- 16:55Speaker 3: just to hear that that is over the top in
- 16:58Speaker 3: every single way. Yes, of course he wants to threaten
- 17:01Speaker 3: to get them to the negotiating table, but those words
- 17:04Speaker 3: are well, they're way too far. This is Nigel Faraj.
- 17:10Speaker 3: When you've lost Nigel's heir you know you've probably crossed
- 17:13Speaker 3: the line.
- 17:14Speaker 2: Right. It is twenty nine minutes after five News TALKSB.
- 17:17Speaker 3: We'll head to the UK after News and then to
- 17:20Speaker 3: Sharon Zolna on today's OCAR decision.
- 17:33Speaker 1: Ryan Bridge on early edition with sparks for business technology
- 17:37Speaker 1: that keeps business moving.
- 17:39Speaker 2: News Talk ZB.
- 17:42Speaker 3: Pretty far away from six yer on News Talks, it'd
- 17:44Speaker 3: be great to have your company on this Wednesday morning.
- 17:46Speaker 3: Talk of seven percent inflation and poor dollar diesel? Are
- 17:49Speaker 3: these realistic numbers or are they stabs in the dark.
- 17:52Speaker 3: Sharon Zolna remains it on this Before six plus, we'll
- 17:55Speaker 3: head to the UK with Gavin Gray. Wouldn't you like
- 17:58Speaker 3: to be one of those astronauts further from mirth than
- 18:00Speaker 3: any humans being before? As Trump threatens to end a
- 18:04Speaker 3: civilization tonight, My goodness me, what are we doing? Here's
- 18:08Speaker 3: some good news for you. This is well, it's sort
- 18:10Speaker 3: of fun news for you. A record breaking pumpkin grown
- 18:13Speaker 3: in Australia four hundred and eight kilograms. It's ginormous that
- 18:19Speaker 3: they have to cut it round on the back of
- 18:20Speaker 3: a truck and they have to hoisted up with a
- 18:23Speaker 3: digger to get it off the ground. It is massive,
- 18:26Speaker 3: It's like the size of a small car. And this
- 18:29Speaker 3: is grower Kelsey Fremantle produce the winning giant, heaviest pumpkin
- 18:34Speaker 3: recorded in the competition's history. This is the Lower Calgan
- 18:38Speaker 3: Pumpkin Festival weigh in and second place was only two
- 18:42Speaker 3: kilograms off.
- 18:43Speaker 2: They reckon.
- 18:43Speaker 3: It's been the best year for growing pumpkins ever. Seeds
- 18:46Speaker 3: germinated in September, six months of growth. And the secret
- 18:50Speaker 3: to a giant pumpkin that you can put on the
- 18:52Speaker 3: back of a truck is loads of water. Time is
- 18:56Speaker 3: twenty three minutes away from six. Let's go to our
- 18:58Speaker 3: reporters around the country. Morning Callum, Morning Ryan. So we've
- 19:01Speaker 3: got a person overboard on a fishing trawler in the
- 19:03Speaker 3: South Pacific.
- 19:05Speaker 12: Yeah, and a team of investigators, Ryan are heading to
- 19:08Speaker 12: to Bluff to look into this person went overboard on
- 19:12Speaker 12: a fishing trawler in the South Pacific on Sunday night.
- 19:16Speaker 12: This was a crew member on board the Amasile Mariner.
- 19:19Speaker 12: They were knocked overboard by a boy on Sunday night.
- 19:21Speaker 12: They're still missing. This is despite efforts to find them.
- 19:24Speaker 12: And it happens four hundred kilometers east of the Auckland Islands.
- 19:29Speaker 12: The Transport Accident Investigation Commission will now head south to
- 19:33Speaker 12: gather evidence on this and interview the trawler's crew and
- 19:36Speaker 12: other local officials. They say their focus will be on
- 19:39Speaker 12: evidence that could disappear or change, and hearing from people
- 19:41Speaker 12: while their memories fresh in their minds. Right, how's the weather,
- 19:45Speaker 12: Rain Clears to mainly find here today? High cloud northerly
- 19:48Speaker 12: is the high twenty two?
- 19:50Speaker 3: All right, thank you Clears and christ this morning, clear,
- 19:52Speaker 3: good morning. So what's changed at Canterbury UNI? The student
- 19:55Speaker 3: bar after what went down and wind the change?
- 19:58Speaker 13: Yeah, well you might know of the Foundry, the university
- 20:01Speaker 13: bar here in Canterbury. It's had an incident last year
- 20:04Speaker 13: where there was basically crushing in a large crowd as
- 20:08Speaker 13: it surged against fencing outside the venue. At least one
- 20:12Speaker 13: person was injured in that incident. The University's now announced
- 20:16Speaker 13: it Grassroots, which is a weekly DJ gig sort of system,
- 20:21Speaker 13: is back this year, but it has got a change.
- 20:23Speaker 13: They've introduced a ticketing system. The idea around this is
- 20:26Speaker 13: that there'll only be three hundred free tickets available each week,
- 20:30Speaker 13: just to limit how many people are there. One of
- 20:32Speaker 13: the students who was there at the time. Lincoln UNI
- 20:34Speaker 13: student Georgia Doughty suffered a concussion in the incident. She's
- 20:38Speaker 13: really welcoming the change, she says the tragedy was easily
- 20:41Speaker 13: avoidable and crowd attendance was not controlled well previously. The
- 20:45Speaker 13: Foundry and the student Association have both been approached for comment.
- 20:49Speaker 2: How's your weather clear?
- 20:51Speaker 13: Some scattered rain clearing this morning will become fine northeries
- 20:54Speaker 13: and a high of twenty four.
- 20:55Speaker 3: Appreciate it, Thank you, Tabiz Macintosh. Wellington, they've got a
- 20:58Speaker 3: bit of rates rage there to beast.
- 21:01Speaker 14: Yeah, little surprise seeing this new data. A report from
- 21:05Speaker 14: the Wellington City Council has found rates have more than
- 21:08Speaker 14: doubled since twenty twelve. So the median rates bill makes
- 21:12Speaker 14: up four point seven percent of household incomes in Wellington
- 21:15Speaker 14: and pottid Or. That's actually only beaten by Totonger and
- 21:19Speaker 14: Dunedin businesses. They've also been crying out for a rates relief.
- 21:23Speaker 14: Commercial rates in Wellington are the highest compared to similar areas,
- 21:27Speaker 14: making up two point four percent of capital value. Wellington's
- 21:31Speaker 14: Chief Strategy and Finance Officer, Andrea Reeves says the council
- 21:34Speaker 14: so far managed to reduce its proposed rates rise from
- 21:38Speaker 14: twelve point seven to seven point four percent. But that
- 21:42Speaker 14: may not be the slam dunk the council's actually claiming,
- 21:45Speaker 14: because of course water bills have been taken out of
- 21:48Speaker 14: rates bill and are being delivered to people separately.
- 21:51Speaker 2: To beast, how's the weather in Wellington today?
- 21:54Speaker 10: Yeah?
- 21:54Speaker 14: Rain possibly heavy to no surprise it is windy northerlyes
- 21:58Speaker 14: a twenty high in Wellington.
- 22:00Speaker 3: Have a great day, Nevas and Auckland morning, Neva, good morning.
- 22:03Speaker 3: So water Care and the boiled water notices, how long
- 22:05Speaker 3: are they going to last?
- 22:06Speaker 2: Do we know?
- 22:07Speaker 15: Yes?
- 22:07Speaker 16: Well, I can tell you that the Councilor is optimistic,
- 22:11Speaker 16: very optimistic that Waterkere can remove the boiled water notices today.
- 22:16Speaker 16: So fingers crossed. So at the moment they're still in
- 22:19Speaker 16: place once again. Hillsborough, Mount Roskill, Royal Oak three Kings
- 22:22Speaker 16: they're the affected areas obviously after this e coal I
- 22:26Speaker 16: positive result on Monday. But look, water Care is saying
- 22:29Speaker 16: the results most likely due to an issue with the sample.
- 22:32Speaker 16: Tap Testing yesterday showed no further signs of the bacteria.
- 22:36Speaker 16: Christine Fletcher, the Counselor, says that hopefully the notice should
- 22:39Speaker 16: be removed if all goes well today, because what they'll
- 22:42Speaker 16: do they'll do another test. If that confirms today that
- 22:46Speaker 16: there's no e coalie, then as all systems.
- 22:49Speaker 2: Go, oh, very good. How's our weather.
- 22:51Speaker 16: Rain, rain, rain, rain clearing by midday?
- 22:54Speaker 15: But isn't it muggy?
- 22:55Speaker 2: It's very hot? Yeah, I noticed?
- 22:57Speaker 16: Is it twenty now and it's twenty three today?
- 23:00Speaker 3: Very gross and sticky, Neva, thank you very much for that.
- 23:03Speaker 3: Now that this is why people get angry, there's a
- 23:06Speaker 3: cole I in the water. You're paying how much you're
- 23:08Speaker 3: paying for rates, you know, and this Wellington's upset about
- 23:11Speaker 3: this vivistext in the program from STUN. I live in
- 23:14Speaker 3: a two hundred and eighty three square meter house that
- 23:17Speaker 3: I renovated here in Wellington. Not only do I pay
- 23:20Speaker 3: eighteen thousand dollars a year in rates with an imminent
- 23:24Speaker 3: further increase, I've also lost eight hundred k off my
- 23:26Speaker 3: QB because obviously house prices and Wellington have gone through
- 23:29Speaker 3: the floor. So people don't like it. And then you
- 23:32Speaker 3: look at what's happening with the water. You look at
- 23:34Speaker 3: what's happening when it rains and what goes in the ocean.
- 23:36Speaker 2: And you think, what are we actually getting.
- 23:38Speaker 3: For all this money that we're paying. You know, it's
- 23:41Speaker 3: a bit of a head scratcher. And watercre specifically U Watercre.
- 23:46Speaker 3: Yesterday I read more than half a million dollars on
- 23:49Speaker 3: food and beverage meetings last year. Sorry, got to cut
- 23:54Speaker 3: that out. Eighteen to six News Talk ZB. We're in
- 23:57Speaker 3: the UK. Next US talk ZB. It is called to six.
- 24:00Speaker 3: Great to have your company. This morning, carg Island has
- 24:03Speaker 3: been hit fifty strikes from the US while we've been
- 24:05Speaker 3: sleeping overnight now. Yesterday UR and Z was reporting that
- 24:10Speaker 3: Z had issued a national list price advisory for this
- 24:13Speaker 3: is for commercial customers, which would come into force yesterday,
- 24:18Speaker 3: that diesel would lift fifty five cents a liter that
- 24:21Speaker 3: would put it above four dollars a liter. In fact,
- 24:24Speaker 3: at some service stations could be four dollars sixteen per liter.
- 24:28Speaker 3: And the cost of refining as lifted six hundred percent.
- 24:31Speaker 3: Refining is now more of the cost than the actual
- 24:34Speaker 3: oil itself.
- 24:35Speaker 2: So is this stuff true?
- 24:37Speaker 3: Are we going to head to four dollars plus the
- 24:39Speaker 3: leader for diesel? And are we going to head to
- 24:42Speaker 3: seven percent inflation? Which is what some journalists are asking
- 24:46Speaker 3: is that number being plucked down of thin air or
- 24:48Speaker 3: is there a basis to Sharon's onor on that plus
- 24:51Speaker 3: the OCI in a few minutes.
- 24:52Speaker 1: Time, International correspondence with NS and Eye Insurance, Peace of
- 24:57Speaker 1: Mind for New Zealand Business.
- 24:59Speaker 3: Davin Graham New k for US, Kevin will start with
- 25:01Speaker 3: this music festival.
- 25:02Speaker 2: Kanye is being given a big block by the government.
- 25:06Speaker 15: He sure has, yes, So Kanye West has been blocked
- 25:09Speaker 15: by the British government from headlining a three day music
- 25:12Speaker 15: festival in London, probably London's most popular individual festival. It's
- 25:16Speaker 15: called Wireless in North London, and the US rapper was
- 25:19Speaker 15: due to headline across the three days. Now, initially the
- 25:23Speaker 15: Prime Minister said that he was unhappy that that was
- 25:25Speaker 15: the case because of Kanye's west string of anti Semitic comments. Now,
- 25:30Speaker 15: West had apologized for that back in January as saying
- 25:33Speaker 15: he'd lost touch with reality and had a bipolar disorder,
- 25:36Speaker 15: but many felt that he should not have been invited.
- 25:39Speaker 15: Then a couple of the headline sponsors withdrew. And now
- 25:44Speaker 15: we learn that the government is going to refuse Kanye
- 25:47Speaker 15: West a visa to come to the UK. And now
- 25:50Speaker 15: we learn that wireless is to be canceled this year.
- 25:54Speaker 15: All that happening in the last of the three four hours, really,
- 25:57Speaker 15: but the decision to block him was welcomed by politics
- 26:00Speaker 15: and Jewish groups, and they said lessons can be learned
- 26:03Speaker 15: across the industry for inviting somebody like Kanye West to
- 26:07Speaker 15: come and perform.
- 26:08Speaker 2: Now let's go to Hungary.
- 26:10Speaker 3: So jd Vance is in town trying to give the
- 26:13Speaker 3: current incumbent, Victor Orban a bit of a boost. But
- 26:15Speaker 3: he's going to lose the selection this weekend, isn't he.
- 26:19Speaker 15: It's certainly looking that way. So Victor Auban has been
- 26:21Speaker 15: Prime Minister of Hungary for some fifteen years sixteen years
- 26:26Speaker 15: almost actually, and he's looking for friends to try and
- 26:29Speaker 15: bolster his campaign, and in steps the Vice President of
- 26:33Speaker 15: America JD.
- 26:34Speaker 10: Vance.
- 26:35Speaker 15: Very interesting this he's given a ringing endorsement to the
- 26:38Speaker 15: Hungarian prime minister. Why well, because JD Vance is probably
- 26:42Speaker 15: the key European ally of the Trump administration. He's also
- 26:46Speaker 15: the Russian President Vladimir Putin's closest partner in the EU
- 26:50Speaker 15: and a bit of an outlier when it comes to
- 26:52Speaker 15: the rest of the European Union bloc. So having won
- 26:55Speaker 15: four elections in a row, it looks like he is
- 26:58Speaker 15: set to lose Sunday vote according to opinion polls. JD
- 27:02Speaker 15: Vance launching a bitter attack on almost his arrival in Hungary,
- 27:07Speaker 15: just saying that the European Union had effectively twisted and
- 27:11Speaker 15: was trying to interfere in Hungary's election by using sort
- 27:16Speaker 15: of disgraceful tactics, as he'd called it, and that was
- 27:19Speaker 15: part of the reason that he'd come to visit and
- 27:21Speaker 15: lent his support to Victor Orbach. We will see the
- 27:24Speaker 15: result of that election, as I said, Sunday evening our time.
- 27:27Speaker 3: Kevin Gray, are UK Europe corresponding? Appreciate your updates. There's
- 27:30Speaker 3: always twelve minutes away from six. Ryan Brichius oci Art
- 27:33Speaker 3: decision today post operation epic fury. This is from the
- 27:36Speaker 3: RB and Z economous reckon. They'll hold steady at two
- 27:39Speaker 3: point twenty five percent. Sharon Zolmer, a ands in chief
- 27:41Speaker 3: economs with me this morning. Sharon, good morning, good morning,
- 27:45Speaker 3: So creuch and hold today?
- 27:48Speaker 10: Yeah, what else are you going to do? Yeah? Yeah,
- 27:51Speaker 10: it's so actually ambiguous how Muntry policy should respond to this.
- 27:54Speaker 10: It's clearly dead, but it's also clearly in slationary bad
- 27:58Speaker 10: for growth. There is no right answer for monetary policy
- 28:02Speaker 10: really in the sort of scenario, sort of do no
- 28:05Speaker 10: additional harm is kind of the best you can hope for.
- 28:08Speaker 10: So until it's clear whether it's going to require higher
- 28:12Speaker 10: interest rates to head off persistant inflation or not, absolutely
- 28:16Speaker 10: the best thing for the Reserve Bank to do is
- 28:18Speaker 10: just spand weight and see mode.
- 28:21Speaker 3: The journalist asking about seven percent inflation, I'm assuming they're
- 28:24Speaker 3: picking that number because that's how high we got, actually
- 28:28Speaker 3: north of seven percent after the COVID years. But is
- 28:31Speaker 3: there any reason to think it will go that high?
- 28:36Speaker 10: No, well, I mean not at this point here and
- 28:38Speaker 10: now today, ask us again tomorrow. You know, we're in
- 28:40Speaker 10: that kind of world. We made assumptions just to put
- 28:45Speaker 10: something in our updated forward us and we came up
- 28:48Speaker 10: with the number. But if you assume the oil price
- 28:50Speaker 10: peaks at one hundred and gradually clients from here, that
- 28:52Speaker 10: gives you something like three point six. Now, obviously that's
- 28:55Speaker 10: looking at that hierarque. At this point, it's looking like
- 28:58Speaker 10: the oil price will be higher for longer. We have
- 29:02Speaker 10: trumped sending posts that there's going to be civilizational destruction today,
- 29:07Speaker 10: So I mean that we're often terms of your forecasting
- 29:10Speaker 10: cecr inflation at that point. So it's really absolutely a
- 29:14Speaker 10: matter of weight and see. But for the Reserve Bank,
- 29:17Speaker 10: it's really not the point how high inflation goes. It's
- 29:20Speaker 10: how high it's stays, how quickly it comes down, whether
- 29:24Speaker 10: it becomes a medium term problem, or whether people just
- 29:27Speaker 10: accept it that it's a one off shift in the
- 29:30Speaker 10: price level and that things will get back to normal.
- 29:32Speaker 10: That's the key question.
- 29:33Speaker 17: From where they sit.
- 29:34Speaker 3: And are we somewhat insulated by the fact we haven't
- 29:37Speaker 3: been doing as well over the last few years as
- 29:39Speaker 3: other countries have been.
- 29:42Speaker 10: There's no good time for something like this to happen.
- 29:45Speaker 10: But if you're economy is strong, that has advantages. But
- 29:47Speaker 10: if your economy has been weak, then you know that's
- 29:50Speaker 10: got some upsides as well. In particular, they're not in
- 29:53Speaker 10: a very frothy time for asset prices, for example, all
- 29:56Speaker 10: the heats come out of house prices already, so you
- 30:00Speaker 10: know the chances of a crash there is obviously lower
- 30:03Speaker 10: from the fact that the starting point is lower. We're
- 30:07Speaker 10: not in the world where firms are going to find
- 30:09Speaker 10: it particularly easy to pass cost increases through the prices.
- 30:12Speaker 10: That's bad news for them, but good news for the
- 30:16Speaker 10: Reserve Bank in terms of keeping in slate, we're not
- 30:19Speaker 10: keeping inflation low, but making sure it stays low in
- 30:21Speaker 10: the medium term, for example. But yeah, we're seeing different
- 30:25Speaker 10: countries at different points of the cycle. Yeah, being more
- 30:29Speaker 10: or less worried about inflation for exactly those kinds of reasons.
- 30:34Speaker 10: But it's also true that our official cash rate is
- 30:36Speaker 10: starting from a very low point. So there is a
- 30:40Speaker 10: scenario where the Reserve Bank could decide a little bit
- 30:44Speaker 10: furoner than otherwise that maybe they should get it back
- 30:46Speaker 10: to something closer to neutral. We'll have to wait and see.
- 30:50Speaker 10: We're still forecasting to send er, but honestly, the range
- 30:53Speaker 10: of plausible scenarios is obviously much much wider than.
- 30:56Speaker 3: It was six weeks ago, and changes on every truth
- 30:59Speaker 3: social pot from a certain man in the White House.
- 31:03Speaker 3: Sharon Zolmer am Z Chief Economists with us this morning,
- 31:05Speaker 3: that ac ART decision out today, eight away from six
- 31:08Speaker 3: News TALKSB The.
- 31:10Speaker 1: News you Need this morning and the in depth analysis
- 31:13Speaker 1: early edition with Ryan Bridge and Spark for Business Technology
- 31:18Speaker 1: that keeps Business Moving.
- 31:19Speaker 3: News TALKSB News talksb six minutes away from six. There's
- 31:23Speaker 3: a lot of love for Wellington, but there's a lot
- 31:25Speaker 3: of hate for Wellington as well, and the fact that
- 31:27Speaker 3: their rates have doubled since twenty twelve. Morning Ryan, Wellington
- 31:31Speaker 3: rates are out of order, absolutely, But Wellington residents continue
- 31:34Speaker 3: to vote in left leaning counselors, says Ian, So they
- 31:37Speaker 3: are to blame themselves. Another says, apparently there's thirty five
- 31:41Speaker 3: staff members at Wellington City Council right now who work
- 31:44Speaker 3: directly on climate change initiatives. The focus is on implementing
- 31:50Speaker 3: Tatsakuda first to zero, so they've got themselves to blame.
- 31:54Speaker 3: Point the finger in the mirror.
- 31:55Speaker 2: It is five to six, Bryan Bridge, Good morning, Mike.
- 32:00Speaker 2: Great learning.
- 32:01Speaker 17: So the first learning I thought out of the war
- 32:04Speaker 17: was how reliant the world is on oil, and so
- 32:07Speaker 17: the whole climate change things is essentially a fraud. There's
- 32:10Speaker 17: nothing wrong with chasing a climate change target, but the
- 32:13Speaker 17: idea that we've got to where we are is basically
- 32:16Speaker 17: meant nothing. And then yesterday your PBC News so and
- 32:20Speaker 17: then I'm watching this one plastic New Zealand, you know,
- 32:25Speaker 17: and you've never heard of it because you don't want
- 32:26Speaker 17: to put your head above the parapet in an environment
- 32:29Speaker 17: where plastic to everything's in plastic. She said, everything's in plastic.
- 32:34Speaker 17: So what have we actually achieved in the last twenty
- 32:36Speaker 17: or thirty years in terms of making the world.
- 32:40Speaker 2: No more plastic shopping bags?
- 32:42Speaker 10: Wow?
- 32:43Speaker 2: And so the dolphins and doesn't that does it?
- 32:45Speaker 17: It's plastic straws and plastic shopping bags, and that's our.
- 32:49Speaker 2: Big calling card.
- 32:51Speaker 3: I always said, when they brought in that plastic shopping bag,
- 32:54Speaker 3: the single use ban, why don't we look at how
- 32:56Speaker 3: much plastic supermarkets use overall.
- 32:59Speaker 2: To wrap the stuff out the bank because it's too
- 33:01Speaker 2: hot exactly.
- 33:01Speaker 17: So we're happy for a headline. So we've saved some
- 33:03Speaker 17: plastic bags and plastic straws, and we think that we've
- 33:06Speaker 17: got a few solar panels and somehow and all it
- 33:08Speaker 17: takes one wore one straight and the whole thing.
- 33:11Speaker 2: Did you read?
- 33:12Speaker 17: By the way, there's an agency who's sent a bloke
- 33:16Speaker 17: from New York to the Straight of Her Moves and
- 33:18Speaker 17: he sat there talking to people for several days. The
- 33:21Speaker 17: straight up her Moves is actually open and there's quite
- 33:23Speaker 17: a few ships going through it.
- 33:25Speaker 2: So that's blanket.
- 33:26Speaker 17: Western it's all closed, isn't true? So anyway, we'll cover
- 33:29Speaker 17: all that morning. Winston Peters, by the way, he's met with.
- 33:32Speaker 2: Little Marco Marco Rubia, so we'll get.
- 33:35Speaker 17: Him on phone and find out what happened.
- 33:36Speaker 3: Very good looking forward to it. Mike is here with
- 33:38Speaker 3: you next. Have a fantastic day. Hopefully civilized civilization and
- 33:42Speaker 3: endures both today tomorrow.
- 34:00Speaker 1: I'm for more from Early Edition with Ryan Bridge. Listen
- 34:06Speaker 1: live to news Talks it'd be from five am weekdays,
- 34:09Speaker 1: or follow the podcast on iHeartRadio.