Latest / Early Edition with Ryan Bridge / Full Show Podcast: 15 September 2026
Transcript
- 0:00Speaker 1: The issues, the interviews and the insight. Andrew Dickens on
- 0:05Speaker 1: Early Edition with Spark for Business. Technology that keeps business moving.
- 0:09Speaker 1: Newstalk ZB.
- 0:11Speaker 2: Good morning to you and thank you for joining us.
- 0:13Speaker 2: Ryan's on extracurricular duties in Wellington today. He's back tomorrow.
- 0:18Speaker 2: On the program today, what's happening with the bond market?
- 0:21Speaker 2: And why should we be worried? Bran Olsen on the
- 0:24Speaker 2: latest crisis. We'll have him in five. Why have our
- 0:27Speaker 2: migration figures turned? And why are we suddenly seen as
- 0:29Speaker 2: a good place to relocate to? We'll have that story
- 0:31Speaker 2: for you in ten. And tourism figures finally beat the
- 0:34Speaker 2: pre-COVID numbers. Is Rotorua feeding it? We'll have the Rotorua
- 0:37Speaker 2: Mayor Tanya Tapsell just before six. Donna DiMaio from Australia.
- 0:40Speaker 2: Correspondents from right around New Zealand and news as it breaks.
- 0:43Speaker 2: And you can have your say by using the text 9292.
- 0:45Speaker 2: A small charge applies.
- 0:49Speaker 1: The Agenda.
- 0:51Speaker 2: So it's Tuesday, the 15th of September, and Donald Trump
- 0:54Speaker 2: is taking aim at anthropic boss Dario Amadei. after he
- 0:58Speaker 2: called for a slowdown in AI development. And Trump says
- 1:03Speaker 2: there's a sick conspiracy against AI and data centres.
- 1:06Speaker 3: The only control or guardrails that AI needs is a
- 1:10Speaker 3: strong and smart, high IQ president. And the USA has
- 1:15Speaker 3: that in spades, he wrote. The Trump administration has stopped
- 1:19Speaker 3: AI people from doing bad or potentially bad things like
- 1:24Speaker 3: Dario and Thropic. who is now pretending to be a
- 1:28Speaker 3: perfect little angel.
- 1:29Speaker 2: Meanwhile, what did Trump 2.0, Mr.
- 1:31Speaker 4: J.D.
- 1:31Speaker 2: Vance, have to say?
- 1:32Speaker 5: There are obviously risks to AI. There are some benefits
- 1:35Speaker 5: to AI. I have to say just personally, I feel
- 1:39Speaker 5: a little bit weird about the fact that you have
- 1:43Speaker 5: so many frontier AI tech companies kind of coming to
- 1:46Speaker 5: the government and begging the government to regulate them. It
- 1:49Speaker 5: feels a little bit to me like a bit of.
- 1:50Speaker 2: A Trojan horse.
- 1:51Speaker 5: So I think we just have to be careful about this.
- 1:54Speaker 2: Meanwhile, China has hit out against what it has called
- 1:56Speaker 2: threat narratives from Donald Trump over AI governance and warned
- 2:01Speaker 2: against engaging in confrontation and malicious competition. To the UK
- 2:06Speaker 2: and the leaders of the biggest parties in Scotland, Wales
- 2:08Speaker 2: and Northern Ireland are now pushing for the right to
- 2:10Speaker 2: choose whether to stay in the UK. And they've signed
- 2:14Speaker 2: a deal in Cardiff, putting pressure on Westminster to prepare
- 2:17Speaker 2: for potential constitutional change.
- 2:20Speaker 6: For the first time in history, There are First Ministers
- 2:25Speaker 6: in Scotland, Wales and Northern Ireland who believe that their
- 2:29Speaker 6: countries should decide their own future. And that principle of
- 2:35Speaker 6: self-determination is absolutely fundamental to the discussions that we have
- 2:40Speaker 6: had today and that are fundamental to the discussions that
- 2:44Speaker 6: we will have in the period to come.
- 2:46Speaker 2: And sad news for the UK Prime Minister, Andy Burnham.
- 2:49Speaker 2: He's cancelled his engagements because his father has died. So
- 2:53Speaker 2: Angela Rayner has stepped in at the TUC conference. and
- 2:56Speaker 2: she's taking aim at Reform UK.
- 2:58Speaker 7: Nigel Farage's sugar daddies made their money in crypto, but
- 3:02Speaker 7: there's nothing cryptic about their motives. They know full well
- 3:07Speaker 7: that a reformed government will act in their interests, not
- 3:12Speaker 7: the public interest. Now, when these reformed owners say they
- 3:16Speaker 7: want nothing, they mean it. No workers' rights, no renters' rights,
- 3:21Speaker 7: no social protection.
- 3:23Speaker 2: And that takes us to ten after five.
- 3:26Speaker 1: Hear it first. Andrew Dickens on early edition with Spark
- 3:30Speaker 1: for Business, technology that keeps business moving. Newstalk ZB.
- 3:34Speaker 2: So let's kick off the program with an apology to
- 3:36Speaker 2: the rest of New Zealand for Auckland's fascination with their
- 3:39Speaker 2: new piece of kit, the CRL. But until you have
- 3:43Speaker 2: a ride on it, you might not get what a
- 3:45Speaker 2: change it is for the city and how different it
- 3:46Speaker 2: is to the rest of the country. Now, look, here's
- 3:48Speaker 2: the problem I have with many people judging the CRL
- 3:52Speaker 2: is that they have already decided not to use it
- 3:55Speaker 2: and therefore It's a failure. So I decided to use
- 3:58Speaker 2: it for journalistic reasons. I poodled around on it yesterday.
- 4:01Speaker 2: I got downtown. I hopped on a train. Seven minutes later,
- 4:03Speaker 2: I was at a place that has never had a
- 4:05Speaker 2: train station before, Karangahape. It was amazing. Just there. And
- 4:11Speaker 2: it's big and it's beautiful. So next week, I'm going
- 4:14Speaker 2: to Karangahape Road for dinner. So getting there will be
- 4:17Speaker 2: easy on the train. A friend in the Karangahape area,
- 4:20Speaker 2: a apartment dweller, caught a train to Oraki. He went
- 4:24Speaker 2: to Faro, which is the grocer there, Took him three stops,
- 4:26Speaker 2: took him 12 minutes, a journey he never did before.
- 4:30Speaker 2: He did some shopping because of it. Having a station
- 4:33Speaker 2: on K Road is an absolute game changer for that
- 4:36Speaker 2: part of the city. You watch it, boom. And yesterday
- 4:38Speaker 2: I went into town, went to Te Wai Horatu. I'm
- 4:41Speaker 2: getting used to saying that now. You could call it mid-city.
- 4:44Speaker 2: I don't have any problem with Te Wai Horatu. You
- 4:46Speaker 2: learn it and you did it. Anyway, I went there
- 4:48Speaker 2: and then I went to the recycle boutique right next door.
- 4:51Speaker 2: I met a lady who'd come into town on the train.
- 4:53Speaker 2: She parked at Orakei. And then she traveled two stops
- 4:55Speaker 2: to get to the center of town. She told me
- 4:57Speaker 2: she had not been to town for ages because the
- 5:00Speaker 2: traffic and finding car parks and then having to walk
- 5:04Speaker 2: to Queen Street. Now she got dropped off right in midtown.
- 5:08Speaker 2: The fares are cheaper than parking. She told me she'll
- 5:11Speaker 2: be coming into the city much more often from now on.
- 5:14Speaker 2: There's another shopper. So all I'm wanting to say right
- 5:17Speaker 2: now is the service is there and it will be
- 5:19Speaker 2: there forever. It was expensive. It was disruptive. But honestly,
- 5:23Speaker 2: if we tried to build it today, it would be
- 5:25Speaker 2: even worse. It's here for the next hundred. So have
- 5:29Speaker 2: a think. Try it out. And if it is better
- 5:31Speaker 2: for you, use it. Because every new user who uses
- 5:35Speaker 2: it to get around the city is another car off
- 5:37Speaker 2: the road. And that makes it better for all those
- 5:39Speaker 2: who refuse to use it because they're ideologically opposed to it.
- 5:45Speaker 2: In the weekend, the Prime Minister went off about the
- 5:48Speaker 2: bond markets. So New Zealand government bond yields have surged
- 5:51Speaker 2: to multi-year highs, driven by escalating global energy disruptions and
- 5:56Speaker 2: the Reserve Bank lifting the official cash rate to 2.75%.
- 5:58Speaker 2: You've got market pressures from oil prices trading over $ 100
- 6:02Speaker 2: a barrel and rising domestic inflation of 4.1% has prompted
- 6:06Speaker 2: expectations of further tightening of that OCR. And that's steered
- 6:10Speaker 2: the 10-year sovereign bond yield up to 5.06%. This is
- 6:16Speaker 2: quite a worry. This is not just affecting us. The
- 6:19Speaker 2: whole world is having a bit of a shudder over
- 6:20Speaker 2: the world's debt. So next, I am joined by Brad
- 6:26Speaker 2: Olson for what I'm going to call the dummy's guide
- 6:29Speaker 2: to the world bond market and what it means for
- 6:31Speaker 2: us and what it means for the rest of the planet.
- 6:33Speaker 2: It's 12 after five.
- 6:34Speaker 1: The early edition full show podcast on iHeartRadio, powered by
- 6:39Speaker 1: Newstalk ZP. Before the news breaks, hear it first. Andrew
- 6:44Speaker 1: Dickens on early edition with Spark for Business, technology that
- 6:48Speaker 1: keeps business moving.
- 6:49Speaker 2: Newstalk ZB. It's a quarter after five, so the global
- 6:53Speaker 2: debt situation might be catching up to us. The global
- 6:55Speaker 2: bond markets are starting to get quite anxious. On Friday,
- 6:58Speaker 2: our 10-year yields closed at the highest level since November 2023,
- 7:02Speaker 2: over 5%. And the Prime Minister was worried about it
- 7:05Speaker 2: in the weekend.
- 7:06Speaker 8: Obviously, with the U.S.
- 7:07Speaker 9: Coming out and talking about a $ 40 trillion U.S.
- 7:08Speaker 2: Debt and the subsequent reaction that you've seen in the
- 7:11Speaker 2: bond markets.
- 7:12Speaker 10: We're very conscious of it.
- 7:13Speaker 4: All right.
- 7:14Speaker 2: So we're joined by Brad Olson, who is Infometrics Principal Economist. Brad,
- 7:17Speaker 2: good morning to you.
- 7:19Speaker 4: Good morning.
- 7:20Speaker 2: The dummy's guide to the global bond market. What's happening here?
- 7:23Speaker 2: Why should we be worried and how worried should we
- 7:25Speaker 2: be about the global economy?
- 7:28Speaker 4: Effectively, you've got these bond rates, these long-dated bond rates
- 7:31Speaker 4: continuing to increase rapidly. Think of them effectively as the
- 7:35Speaker 4: sort of signals for interest rates on everything else that
- 7:38Speaker 4: we pay. So the official cash rate looks at interest
- 7:41Speaker 4: rates in the short term over a sort of a
- 7:44Speaker 4: couple of days, couple of months, has a much greater influence.
- 7:47Speaker 4: Your bond rates influence why you pay what you pay
- 7:51Speaker 4: for sort of mortgage rates. of one, two, three, four
- 7:54Speaker 4: plus years. And so the fact that they're all increasing
- 7:57Speaker 4: across the world does start to raise that borrowing cost
- 8:00Speaker 4: that not only households will have to pay, but also,
- 8:03Speaker 4: of course, what government has to pay on its pretty
- 8:05Speaker 4: large stock of debt. What you're seeing across the world,
- 8:09Speaker 4: I think, is quite a few things coming together all
- 8:11Speaker 4: at once. Of course, with all of these eruptions in
- 8:14Speaker 4: the Middle East and further attacks coming through, oil prices
- 8:17Speaker 4: have spiked higher again. And everyone's now thinking, well, maybe
- 8:21Speaker 4: this is more persistent. Maybe there is more inflation in
- 8:24Speaker 4: the system. You've got, again, worries and sort of concerns
- 8:29Speaker 4: around bubbles within the AI tech stock area. But most importantly,
- 8:33Speaker 4: you seem to have all of that coming at a
- 8:35Speaker 4: time where Everyone's going, we don't seem to be doing
- 8:38Speaker 4: anything about government debt. You know, in the US, they're
- 8:41Speaker 4: over 100% with a debt to GDP ratio. The president's
- 8:46Speaker 4: talking about finding a trillion dollars to pay everyone $ 5, 000.
- 8:49Speaker 4: Everyone's just worried that there is a lot in the
- 8:52Speaker 4: system at the moment, a lot of challenging things, and
- 8:55Speaker 4: we seem to be not addressing the elephant in the room.
- 8:58Speaker 2: We keep seeing headlines like, worse since the GFC. Are
- 9:02Speaker 2: we headed for an economic collapse of that scale?
- 9:06Speaker 4: I don't think so. I'm really hoping I'm right on
- 9:09Speaker 4: that front. I mean, you look at what's happened since
- 9:12Speaker 4: the GFC, there's a lot more protections in place and
- 9:15Speaker 4: regulations around ensuring effectively we don't go back there. But
- 9:20Speaker 4: you are seeing very clearly the market sending out a
- 9:22Speaker 4: warning signal. The likes of the 10-year US bond rate,
- 9:26Speaker 4: the 30-year US bond rate, both of those have hit
- 9:29Speaker 4: high levels in recent times. In fact, the 10-year went
- 9:32Speaker 4: above 5% for the first time in a couple of
- 9:34Speaker 4: years overnight, our time. What that's saying is that markets
- 9:37Speaker 4: are effectively, or the bond markets, are almost like the
- 9:41Speaker 4: final guard in the financial system. And you often see
- 9:46Speaker 4: political figures that really do have to watch what happens with.
- 9:50Speaker 9: Those bond rates.
- 9:51Speaker 4: You saw, of course, Liz Truss lose her job in
- 9:53Speaker 4: the UK a couple of years ago when bond markets
- 9:57Speaker 4: sort of rejected her financial plans. And again, even US
- 10:00Speaker 4: President Donald Trump has had to pull back his expectations
- 10:03Speaker 4: for tariffs in the past when bond rates sort of
- 10:06Speaker 4: got too high. So these are very clear warning signals.
- 10:09Speaker 4: I don't see that as an immediate, things are going
- 10:12Speaker 4: to collapse in the financial markets. but they are very
- 10:14Speaker 4: much saying that we just can't keep on the same path,
- 10:17Speaker 4: or if we do, it's going to be more expensive,
- 10:19Speaker 4: and normally that curbs some of that more outrageous behaviour.
- 10:22Speaker 2: The good news is we're actually doing something about that.
- 10:24Speaker 2: We are addressing our debt, and even Labour says they
- 10:27Speaker 2: want to address that debt, and that's all well and good,
- 10:29Speaker 2: but we're quite small and everybody else is quite big,
- 10:31Speaker 2: so really, if they don't address the debt, if they
- 10:34Speaker 2: don't take the medicine, we're just going to have to
- 10:36Speaker 2: hang on for the ride.
- 10:38Speaker 4: Yes, it's a challenging time. I mean, you look out
- 10:40Speaker 4: at other parts of the world, Japan's at 250% debt-to-GDP ratios,
- 10:45Speaker 4: the US over 100. New Zealand's in a better place, sure,
- 10:48Speaker 4: but I do also worry a little bit that we're
- 10:51Speaker 4: talking a big game here on, you know, that we're
- 10:53Speaker 4: going to be doing debt reduction. We haven't so far.
- 10:56Speaker 4: We've still added more debt every year the last couple
- 10:58Speaker 4: of years, and the consolidation comes gradually. in a couple
- 11:01Speaker 4: of years' time, hopefully if the forecasts are right. So
- 11:04Speaker 4: I think we've got to be a bit cautious in
- 11:06Speaker 4: New Zealand that we're saying the right things. We're yet
- 11:08Speaker 4: to put that into action. And so unless we really
- 11:11Speaker 4: do that, and it will require us to knuckle down hard,
- 11:14Speaker 4: we don't get those gains and we might be in
- 11:15Speaker 4: just as bad of a place as everyone else.
- 11:17Speaker 2: Brad, thank you very much. I actually came into work
- 11:21Speaker 2: and I looked at the US bond yields, the 10-year
- 11:23Speaker 2: Treasury bonds today, and you should see the graph. Go
- 11:26Speaker 2: look it up. It's easy to find. Just Google it.
- 11:29Speaker 2: And it went low and low and low and low.
- 11:32Speaker 2: And now, over the last year or two, it's just
- 11:35Speaker 2: gone pow, straight up. It looks like a skyscraper. And
- 11:39Speaker 2: it's at levels not seen since 2005. And that's got
- 11:42Speaker 2: to be a worry, eh? So that's enough bad news
- 11:45Speaker 2: for the day. The good news is new migration data
- 11:47Speaker 2: is out. And apparently, New Zealand is the right place
- 11:50Speaker 2: to come to, more so than Australia. The figures are amazing.
- 11:53Speaker 2: We'll talk about this next here on Newstalk ZB. It's 5.20.
- 11:56Speaker 1: The early edition full show podcast on iHeartRadio, powered by
- 12:00Speaker 1: Newstalk ZB. The news you need this morning and the
- 12:05Speaker 1: in-depth analysis. Early edition with Andrew Dickens and Spark for Business.
- 12:10Speaker 1: Technology that keeps business moving. Newstalk ZB.
- 12:14Speaker 2: So the tourism figures are up. We're talking to Tanya
- 12:16Speaker 2: Tapsell just before six from Rotorua. But the migration data
- 12:20Speaker 2: for July also shows we're quite an attractive place to
- 12:22Speaker 2: lay roots. Migrant arrivals for the year were up 5%.
- 12:26Speaker 2: The number of us leaving down 4%. Overall, that's an
- 12:29Speaker 2: annual net migration of over $ 20, 000. We have 20,000 people,
- 12:33Speaker 2: should I say, something we haven't seen since 2024. But
- 12:37Speaker 2: it's all about dollars as well. Simon Laurent is an
- 12:39Speaker 2: immigration expert and chair of the New Zealand Association of
- 12:41Speaker 2: Migration and Investment and joins me now. Simon, good morning
- 12:44Speaker 2: to you.
- 12:45Speaker 9: Good morning, Andrew.
- 12:46Speaker 2: What makes us the hot place to move to these days?
- 12:49Speaker 9: Well, it's probably the same thing that's always made us
- 12:52Speaker 9: a hot destination or has done for many years, and
- 12:55Speaker 9: that is the security and safety of New Zealand, the
- 12:58Speaker 9: quality of life, not the salaries, I should say, and
- 13:03Speaker 9: possibly concerns about.
- 13:07Speaker 9: International security are causing people to think about coming somewhere safe. Look,
- 13:13Speaker 9: I mean, just to put this in context, the net
- 13:16Speaker 9: arrivals figures are pretty much the same as they were
- 13:19Speaker 9: for more In a sense, I don't see anything new here,
- 13:27Speaker 9: quite frankly. What we did have was a glitch. Up
- 13:30Speaker 9: to 2019, there was a massive influx of people. Then
- 13:33Speaker 9: we had COVID. After COVID, we had basically the gates
- 13:36Speaker 9: were thrown open. And now we're settling down again.
- 13:39Speaker 2: Yeah. The kids are stopping leaving. They're stopping leaving because
- 13:42Speaker 2: they're not going to Australia because Australia's economy is tanking.
- 13:45Speaker 2: So people are looking. If they're going to go down
- 13:47Speaker 2: this part of the world, it's a big trip for someone.
- 13:50Speaker 2: It's a big, big adventure, an escapade. And they're looking
- 13:53Speaker 2: at Australia, looking at New Zealand, and they're thinking New
- 13:55Speaker 2: Zealand's looking on a better track. Would you agree?
- 13:59Speaker 9: Possibly. I don't know the numbers for Australia, but... I
- 14:05Speaker 9: think there's things going for the New Zealand system, including
- 14:08Speaker 9: the migration system, which make it possibly easier to navigate
- 14:12Speaker 9: than Australia. But I'm just really going on some anecdotal
- 14:16Speaker 9: evidence of that.
- 14:16Speaker 2: OK, well, meanwhile, though, we had some immigration statements. We're
- 14:19Speaker 2: going to talk about this shortly. We had some immigration
- 14:21Speaker 2: statements over the weekend. Winston Peters doesn't seem to like migrants.
- 14:24Speaker 2: Is that the right sort of thing? That line, we
- 14:27Speaker 2: have enough migrants, is that true? Or should we celebrate
- 14:29Speaker 2: the fact that we have quite a few?
- 14:33Speaker 9: Talk to the sociologists. They'd say we really need to
- 14:35Speaker 9: get more and more people in here because if we don't,
- 14:38Speaker 9: who's going to pay for the superannuation for all of
- 14:40Speaker 9: us sitting in our rest homes? I think the idea
- 14:44Speaker 9: that we're getting oversubscribed with migrants is misconceived. We really
- 14:49Speaker 9: need to attract people who are of value to New Zealand,
- 14:53Speaker 9: who can do the work New Zealanders don't want to
- 14:56Speaker 9: do as well, and to.
- 14:59Speaker 9: Turn the tap off on that is, I think, in
- 15:01Speaker 9: the long term is going to hurt us badly.
- 15:03Speaker 2: Good stuff. Simon Laurent, immigration lawyer who's joining us. It's 5.25.
- 15:06Speaker 2: Text from Zane. Andrew, our debt is so far from
- 15:10Speaker 2: a worry, it isn't even funny.
- 15:11Speaker 9: Oh, yeah.
- 15:12Speaker 4: Well, OK.
- 15:12Speaker 2: You can say that relatively globally, but the rest of
- 15:15Speaker 2: the planet's debt is a worry. And that's what I
- 15:18Speaker 2: worry about. New South Wales FB, 5.27. Let's talk about immigration.
- 15:23Speaker 2: The past week has seen immigration policies come to the fore.
- 15:26Speaker 2: So New Zealand first. signalling a tougher immigration stance, longer
- 15:30Speaker 2: waits for residency and citizenship, a referendum to cap new
- 15:33Speaker 2: residency approvals to 20,000 a year, and a 30-year population
- 15:37Speaker 2: plan tying migrant intake to infrastructure capacity. Labour also has
- 15:42Speaker 2: announced it will tighten settings, extending residency qualification to four
- 15:46Speaker 2: years and promising a government policy statement. But economists are
- 15:50Speaker 2: pointing out that these policies miss the real immigration pressure
- 15:53Speaker 2: because we issue more than 230,000 temporary work visas annually,
- 15:59Speaker 2: largely for lower-paid roles on our farms, in our kitchens,
- 16:03Speaker 2: and even in our beauty salons. We need these people.
- 16:06Speaker 2: And yes, the temporary workers aren't here forever. They're not migrants,
- 16:09Speaker 2: but when they go, they're replaced by other temporary visa holders,
- 16:12Speaker 2: so the numbers stay up there. This quarter of a
- 16:15Speaker 2: million of temporary visa holders is still driving population growth.
- 16:19Speaker 2: It's still straining infrastructure, and it's still suppressing wages. And
- 16:23Speaker 2: they come with problems that no one is addressing. And
- 16:27Speaker 2: not for the first time with these immigration policies, politicians
- 16:30Speaker 2: can't see the wood for the trees. And not for
- 16:32Speaker 2: the first time, they then release policies that are primarily
- 16:36Speaker 2: designed to get votes, but don't address the issues. Have
- 16:52Speaker 2: a few too many drinks. Well, how do I get home?
- 16:55Speaker 2: Get out the old hop cart. You can pay for
- 16:57Speaker 2: the trains and public transport using a credit card, but
- 16:59Speaker 2: be warned, you pay full price for that. You pay
- 17:01Speaker 2: a discounted price using the hop cart. Get a hop cart.
- 17:03Speaker 2: It costs 10 bucks. Graham says, Andrew, it's the subsidizing
- 17:07Speaker 2: I don't like. With the public transport, everything's subsidized, Graham.
- 17:12Speaker 2: I saw people talking about the labor $ 20 fare cap
- 17:15Speaker 2: the other day, and people go, oh, that's subsidization. Now,
- 17:21Speaker 2: put it this way. Mill Road, the money spent on
- 17:24Speaker 2: that to build one road for one area, if you
- 17:28Speaker 2: use that, you could actually have subsidised fares capped at
- 17:30Speaker 2: 20 bucks a week for the next 50 years. So,
- 17:33Speaker 2: you know, everything's subsidised. And the train, though, fun time.
- 17:37Speaker 2: All right, still to come, Donna DeMaio out of Australia.
- 17:40Speaker 2: There's another case of bird flu this time and a
- 17:42Speaker 2: warm-blooded creature. And Tanya Tapsell on the tourism numbers. They're great.
- 17:47Speaker 2: How's Rotorua feeling?
- 17:51Speaker 1: The Early Edition full show podcast on iHeartRadio, powered by
- 17:55Speaker 1: Newstalk ZB. Andrew Dickens on Early Edition with Spark for Business,
- 18:02Speaker 1: technology that keeps business moving. Newstalk ZB. Good morning to you.
- 18:12Speaker 2: Thank you so much for joining the program. Ryan's in
- 18:15Speaker 2: Wellington today doing some stuff over a breakfast meeting. extracurricular activity,
- 18:19Speaker 2: so he's back tomorrow, so that's all good. Nobody's sick.
- 18:22Speaker 2: That's all good. Yeah, that's well. It's all good. Text
- 18:26Speaker 2: through from Tony. Two of my flatmates are immigrants from
- 18:28Speaker 2: India and work at a supermarket and drive Ubers. How
- 18:31Speaker 2: can New Zealanders not do that work? Well, Tony, go
- 18:33Speaker 2: ask New Zealanders, but they don't want to. The wages
- 18:36Speaker 2: are too low. The conditions are too bad. It's only
- 18:38Speaker 2: the immigrants on the temporary work visas or a quarter
- 18:40Speaker 2: of a million of them that will do it. Neil
- 18:42Speaker 2: asked the question, where are the jobs? There isn't the
- 18:44Speaker 2: knitting mills or the gumboots and shoe factories or the
- 18:47Speaker 2: car factories anymore. Oh, that's right. They all went off
- 18:50Speaker 2: to where these migrants come from, the low-wage economies. And
- 18:54Speaker 2: that's true, Neil. But there we are. That's what we've
- 18:56Speaker 2: got right now. And then thank you so much to
- 18:58Speaker 2: the fact checkers that we have amongst the audience. A
- 19:01Speaker 2: texter says, birds are warm-blooded. Andrew, because I was talking
- 19:04Speaker 2: about Donna DeMaio, I said, oh, the bird flu's in
- 19:06Speaker 2: a warm-blooded creature. Birds are warm-blooded.
- 19:08Speaker 9: I know.
- 19:09Speaker 2: What I meant was, it's in a mammal. It's in
- 19:12Speaker 2: a mammal. What mammal? Well, Donna will tell us that shortly.
- 19:15Speaker 2: It is 22 to 6. Around the country we go.
- 19:20Speaker 2: Rosie Leesman joins us from Dunedin. Good morning to you, Rosie.
- 19:23Speaker 11: Good morning, Andrew.
- 19:24Speaker 2: Tell me the latest news out of Ronald McDonald House
- 19:26Speaker 2: in Dunedin.
- 19:27Speaker 11: Yes, so after years of community fundraising, movement is finally
- 19:31Speaker 11: being made on Dunedin's Ronald McDonald House. The charity is
- 19:35Speaker 11: preparing to demolish an existing building and begin construction by
- 19:39Speaker 11: the end of the year on a facility directly opposite
- 19:42Speaker 11: the new hospital. Since 2010, the Dunedin Supper Club has
- 19:47Speaker 11: raised three million dollars for the project Ronald McDonald House
- 19:50Speaker 11: CEO Lisa Tai says the community's support has been overwhelming
- 19:54Speaker 11: despite the long wait and she says that she understands
- 19:57Speaker 11: the frustration but is grateful for how passionate the community has.
- 20:01Speaker 2: Remained all right how's your weather today It's.
- 20:04Speaker 11: Fine today with possible morning fog, light winds, then north-easterlies
- 20:09Speaker 11: for a time this afternoon and a high of 20 degrees.
- 20:12Speaker 2: Well, enjoy it. And thank you, Rosie. I understand the
- 20:14Speaker 2: weather's turning to murk a little bit later on in
- 20:16Speaker 2: the week, the last big snow of winter. We'll see
- 20:18Speaker 2: how that goes. Let's go to Christchurch. Claire Sherwood, good morning.
- 20:21Speaker 2: Good morning. There was an inquest into a Christchurch mum,
- 20:24Speaker 2: Laisa Waka. Is there good news that's come out of
- 20:28Speaker 2: this inquest?
- 20:29Speaker 12: Well, yeah, I mean, good news, some positivity or some hope,
- 20:32Speaker 12: I guess. There's hope, particularly from the family, that this
- 20:35Speaker 12: death may become a catalyst for some changes within mental
- 20:39Speaker 12: health services across the country. Laisa Walker was stabbed to
- 20:42Speaker 12: death by a guy by the name of Zachariah Hussain.
- 20:45Speaker 12: She was just metres from her home in Sockburn in
- 20:48Speaker 12: 2022 when this happened. Now, Hussain was an inpatient of
- 20:51Speaker 12: Hillmorton Hospital at the time. He'd earlier been jailed for
- 20:54Speaker 12: another stabbing rampage around the city, and he's now in
- 20:57Speaker 12: prison for Laisa's death. Now, Walker's husband, Nemanji Chunido, told
- 21:02Speaker 12: a coronial inquest yesterday he's seeking truth, accountability and a
- 21:05Speaker 12: lesson to be learned. He says the inquest isn't only
- 21:08Speaker 12: about what happened to his wife, but also ensuring that
- 21:11Speaker 12: those trusted with care of others are held accountable. Walker's son, Epinetti,
- 21:15Speaker 12: says he's trying to honour his mum's memory by turning
- 21:18Speaker 12: pain into purpose and he's now studying social work at
- 21:21Speaker 12: the university.
- 21:22Speaker 2: As a result. How's your weather? How's your weather?
- 21:25Speaker 12: Some fog about this morning too. A bit of a
- 21:27Speaker 12: fine day after that. Northeasterlies for a time this afternoon
- 21:30Speaker 12: and the high will be 20.
- 21:31Speaker 2: We're joined by Max Toll out of Wellington. Morning, Max.
- 21:34Speaker 9: Good morning.
- 21:34Speaker 2: So what a wonderful apology yesterday. Heather loved it. It's
- 21:39Speaker 2: the fella who took his eye off the website that
- 21:41Speaker 2: went from 100,000 to 600 grand.
- 21:43Speaker 13: Yeah, yeah.
- 21:44Speaker 8: I'll lay it all out. I think it's fair to
- 21:46Speaker 8: say the hits keep coming for this council. So Revelations,
- 21:49Speaker 8: the Wellington City Council spent $ 600, 000 on a website for
- 21:51Speaker 8: the central library that It should have cost a fraction
- 21:56Speaker 8: of that, as little as you say, as $ 100, 000. And
- 22:00Speaker 8: so stop me if this sounds familiar. A new report
- 22:02Speaker 8: has found a lack of oversight and a rushed tender process.
- 22:05Speaker 8: The chief operating officer, as you say, taking full responsibility,
- 22:09Speaker 8: which is rare for local government, admitting, quite frankly, he
- 22:13Speaker 8: didn't pay much attention to the process. A few hundred
- 22:15Speaker 8: thousand ratepayer bucks that could have been spent on the
- 22:17Speaker 8: pipes or some community project. Apparently, top council officials did
- 22:22Speaker 8: something called a rapid procurement-in-a-day tender process. In other words,
- 22:27Speaker 8: it got a couple of applications to build this website
- 22:29Speaker 8: in 24 hours without going to market and hurriedly chose one,
- 22:32Speaker 8: which cost way too much. Fairly ridiculous, but not unique
- 22:36Speaker 8: to these local bureaucrats.
- 22:38Speaker 2: They fast-tracked themselves and got it wrong. What's the weather like?
- 22:42Speaker 8: Partly cloudy with some stronger northerlies, 15.
- 22:45Speaker 2: All right, Neva Ratimanu joins me now from Auckland.
- 22:47Speaker 8: Hello, Neva.
- 22:47Speaker 7: Good morning.
- 22:48Speaker 2: So this poor fella in his 60s collapsed outside a
- 22:51Speaker 2: medical centre last Thursday. Now, what's the story there?
- 22:53Speaker 14: Yes, now what we know is that an Auckland doctor
- 22:55Speaker 14: says that an alleged failure to help a dying man
- 22:59Speaker 14: outside his clinic was a misunderstanding. So a man believed
- 23:02Speaker 14: to be in his 60s. Now, he collapsed outside, you're
- 23:05Speaker 14: quite right, the Mount Albert Medical Centre. This happened last Thursday.
- 23:08Speaker 14: A witness claims requests for assistance in a defibrillator. They
- 23:13Speaker 14: were refused by the clinic. And this was as bystanders
- 23:15Speaker 14: performed CPR. A young couple allegedly told the man wasn't
- 23:20Speaker 14: a patient.
- 23:21Speaker 1: Now, Dr.
- 23:22Speaker 14: Karin Patel says that the clinic is actually a single
- 23:25Speaker 14: doctor practice with one nurse. They were both in surgery
- 23:28Speaker 14: at the time, unaware of what was happening. So Dr.
- 23:32Speaker 14: Karin Patel says that apparently they're undertaking a full review
- 23:35Speaker 14: to understand the events leading up to the man's death.
- 23:38Speaker 2: What's your weather?
- 23:38Speaker 14: Partly cloudy, just the odd shower, 17th of high here
- 23:41Speaker 14: in Auckland.
- 23:41Speaker 2: Hello, thank you. Happy birthday, Prince Harry. The little one
- 23:44Speaker 2: is 42 years old today. Happy birthday, Harry. I'm back
- 23:47Speaker 2: in the UK. Oh, here's a story I quite liked
- 23:50Speaker 2: about Batman, Christian Bale. He was Batman until 2012. What's
- 23:54Speaker 2: he doing these days? He's just opened a foster care
- 23:57Speaker 2: village in California. So it's 12 furnished homes, two studio apartments,
- 24:03Speaker 2: and it's all for those people transitioning out of foster
- 24:06Speaker 2: care and trying to make it on their own feet.
- 24:08Speaker 2: It will focus on stability, support and care. He said
- 24:11Speaker 2: that raising kids of his own made him wonder about
- 24:13Speaker 2: the circumstances of children without parents. He's got two kids.
- 24:16Speaker 2: And so now he's built 12 furnished homes and two
- 24:19Speaker 2: studio apartments. There you go. That's altruism. That's trickle down,
- 24:23Speaker 2: isn't it? That's Batman saving the day without hitting anyone.
- 24:27Speaker 2: A mammal has the bird flu in Australia. Donna DeMaio
- 24:30Speaker 2: on that. And also Pauline Hanson is causing ructions. But
- 24:35Speaker 2: that's her job description. That's next. And before six, Tanya
- 24:38Speaker 2: Tapsell on the tourism figures. Is Rotorua feeling it?
- 24:43Speaker 1: International Correspondence with NZI Insurance. Peace of mind for New
- 24:47Speaker 1: Zealand business.
- 24:49Speaker 2: It's 14 to six to Australia. We go where it's
- 24:52Speaker 2: very early in the morning, but Donna DeMaio is up. Hello, Donna.
- 24:56Speaker 4: I am up.
- 24:56Speaker 8: Yes.
- 24:57Speaker 7: Good morning.
- 24:57Speaker 2: So Pauline Hanson, it's all go around Pauline. She had
- 25:00Speaker 2: to apologise over comments about First Nation Australians and then
- 25:03Speaker 2: she released her migration policy. So how was that received?
- 25:07Speaker 10: Oh, goodness me. She wants to cut migration by 750,000
- 25:10Speaker 10: over three years. Now, this policy has been nearly universally panned.
- 25:17Speaker 10: Business groups aren't happy. Universities aren't happy. The aged care
- 25:19Speaker 10: sector says that it will decimate recruitment and their workforce
- 25:24Speaker 10: will mean that they'll have to close many, many doors
- 25:28Speaker 10: in the aged care sector. Labor doesn't like it. The
- 25:30Speaker 10: Liberals don't like it. Basically, the policy involves targeting international
- 25:37Speaker 10: students and family members of skilled migrants. And if people
- 25:42Speaker 10: are found to be overstaying their visas for more than
- 25:45Speaker 10: one month, they would face an automatic three-year ban. if
- 25:50Speaker 10: found to be overstaying by six months or more, a
- 25:53Speaker 10: lifetime ban. Now, there's been reaction also from the former
- 25:58Speaker 10: Immigration Department Deputy, Abul Rizvi, who says that this hardline
- 26:02Speaker 10: approach will require huge funding for enforcement and legal costs
- 26:07Speaker 10: and detention centres, and this could lead to many, many
- 26:11Speaker 10: billions of dollars in costs.
- 26:14Speaker 4: Also, the.
- 26:16Speaker 10: The migration policy released by Pauline Hanson yesterday has been
- 26:19Speaker 10: compared to Trump's administration. Now, Trump has a budget of
- 26:23Speaker 10: about $ 170 billion US. So that's where the comparison has
- 26:28Speaker 10: been made in regard to how much it would cost
- 26:30Speaker 10: if one nation was able to implement this policy. So
- 26:37Speaker 10: I thought that was very, very interesting that there's been
- 26:41Speaker 10: significant backlash, let's say, and comments made that this just
- 26:45Speaker 10: would not be a good idea.
- 26:47Speaker 2: Meanwhile, we've got a case of bird flu again, and
- 26:50Speaker 2: this time in a mammal. So who's got it?
- 26:53Speaker 4: Oh.
- 26:54Speaker 10: An endangered Australian sea lion has been confirmed. South Australian
- 26:59Speaker 10: government said that it's the first H5 bird flu case
- 27:01Speaker 10: in such a mammal. And it was found by a
- 27:06Speaker 10: state government ranger at Kangaroo Island. And interestingly, the animal
- 27:10Speaker 10: had actually sustained a shark wound three months prior, already
- 27:14Speaker 10: being monitored, but they know now that it did have
- 27:17Speaker 10: bird flu and that's what killed it, which is very,
- 27:19Speaker 10: very sad. And we know that There's many, many thousands left,
- 27:23Speaker 10: but it is an endangered species. So there's about 800
- 27:27Speaker 10: at that colony where this one was found. And it's
- 27:32Speaker 10: just quite distressing for everyone to think that, you know,
- 27:35Speaker 10: it could actually spread. But there's about 12,000 Australian sea
- 27:39Speaker 10: lions left.
- 27:39Speaker 2: But that's not many, is it? No, no, of course.
- 27:41Speaker 2: But let's just hope it hasn't been socialising and spreading
- 27:44Speaker 2: it all over the place. Donna, I thank you. It's
- 27:45Speaker 2: 11 to 6. So, good news for tourism in this country.
- 27:51Speaker 2: International visitor numbers are finally back above pre-COVID levels. That's
- 27:56Speaker 2: a great headline, isn't it? 256,600 travellers arrived in July,
- 28:01Speaker 2: the first month to beat 2019 levels. Australia led the charge.
- 28:05Speaker 2: 134,900 Ocas came here. China and the United States were
- 28:09Speaker 2: also up. Tanya Tapsell is the mayor of Rotorua and
- 28:11Speaker 2: joins me right now.
- 28:12Speaker 4: Hello. Hello.
- 28:13Speaker 13: Kia ora, very happy to be here today with that news.
- 28:16Speaker 2: Is Rotorua feeling it? Can you tell?
- 28:19Speaker 13: Yes, we absolutely are. But I've got to say investment matters.
- 28:24Speaker 13: And so I think that the efforts that have gone in,
- 28:26Speaker 13: both locally from councils and regional tourism operators, but also
- 28:30Speaker 13: from our government to these key markets, in particular Australia,
- 28:34Speaker 13: China and US, is really starting to pay off. And remember,
- 28:37Speaker 13: this is usually a quiet time. So the real big win,
- 28:41Speaker 13: I believe, is that over 70% jump in an increase
- 28:45Speaker 13: in our business and conference events. That's what keeps us
- 28:48Speaker 13: busy in the quiet seasons as well.
- 28:50Speaker 2: Is it the government spending that helped or was it
- 28:52Speaker 2: in fact your region actually getting off the chairs and
- 28:56Speaker 2: shouting about yourself?
- 28:57Speaker 13: Look, definitely starting from the region, some awesome local leadership there,
- 29:02Speaker 13: but it was also backed by government funding. So if
- 29:05Speaker 13: we look at the people who have seen on the
- 29:08Speaker 13: ground more business, more visitors, Orosura is one of them.
- 29:11Speaker 13: We've had about 2 million visitors in the past year,
- 29:14Speaker 13: although our population is 78,000. But we actually teamed up
- 29:18Speaker 13: with Auckland and Wellington and said instead of just trying
- 29:22Speaker 13: to go overseas permanently, in a very competitive market, let's
- 29:26Speaker 13: actually work together. So we worked together with Kiwi North,
- 29:29Speaker 13: and that was backed by $ 2 million from the government. Interestingly,
- 29:32Speaker 13: just a recent announcement, we'll also do that again, but
- 29:35Speaker 13: focusing on hospitality too, which I'm sure will be welcome news.
- 29:39Speaker 2: I was there two weeks ago and it was great. Waiariki,
- 29:41Speaker 2: the new spa, is amazing. And of course, your lakefront
- 29:44Speaker 2: is looking great, but that was thanks to the provincial
- 29:47Speaker 2: fund with Shane Jones as well. So there's been great investment.
- 29:50Speaker 2: Rotorua is looking good.
- 29:52Speaker 13: It definitely is. And this is a success that we
- 29:55Speaker 13: can have when governments actually work alongside councils. So, you know,
- 29:59Speaker 13: we'll see how that goes with future government reforms and
- 30:01Speaker 13: rates capping. We'll be looking at things like this and go, hmm,
- 30:04Speaker 13: how are we going to pay for that? So let's
- 30:06Speaker 13: focus on putting investment where it matters.
- 30:10Speaker 2: Now let's talk about the parking, because the headline is
- 30:13Speaker 2: the CBD is dead. And this happened this week. And
- 30:16Speaker 2: the businesses are saying it's because of the council and
- 30:19Speaker 2: putting charges on the parking lot. Is the CBD dead?
- 30:22Speaker 2: And I have to say, I did see it a
- 30:24Speaker 2: couple of weeks ago and it did seem quite quiet.
- 30:26Speaker 2: And is it because of the parking charges?
- 30:29Speaker 13: Look, this is why I normally try to stay off
- 30:31Speaker 13: social media, but I slid right in there into the
- 30:34Speaker 13: comments because I had to kind of correct a few things. Yes,
- 30:36Speaker 13: there are naturally quiet times in the day, but it
- 30:39Speaker 13: is very hard to find a park because it is
- 30:42Speaker 13: so busy. And so we have had changes to our
- 30:45Speaker 13: parking because everybody complained about the last one. So you
- 30:48Speaker 13: really can't win. But we have definitely much better machines,
- 30:51Speaker 13: a better app to use, and we actually, a lot
- 30:54Speaker 13: of people listening are going, whoa, we have free parking
- 30:57Speaker 13: for an hour in much of our inner city. You
- 30:59Speaker 13: just need to register your number plate. So quite honestly,
- 31:02Speaker 13: I think there are changes that have happened. It does
- 31:06Speaker 13: take a while for people to adapt to those new changes.
- 31:10Speaker 13: These will be positive, but I do want to acknowledge,
- 31:12Speaker 13: and I've talked with business owners directly saying, look, Is
- 31:15Speaker 13: it really the parking? Is there anything else we can
- 31:17Speaker 13: do to help? And there is a genuine acknowledgement that
- 31:20Speaker 13: it just is a tough time for our economy, which
- 31:22Speaker 13: is why buying local matters and continuing to support our
- 31:25Speaker 13: local businesses in Hospo really matters.
- 31:28Speaker 2: And it's also why those tourists have to keep on
- 31:30Speaker 2: coming because they come and they spend money. Tanya Tapsell,
- 31:32Speaker 2: of course, is the Rotorua mayor. So I was down
- 31:34Speaker 2: there for a week. It's also about the planning. I
- 31:39Speaker 2: was going to ask Tanya this because we could go
- 31:40Speaker 2: on forever, but Rotorua Central... is at the south end
- 31:44Speaker 2: of the town, and it's got all the big box retail,
- 31:46Speaker 2: and then you've got 8th Street by the lake, and
- 31:48Speaker 2: that's got all the restaurants and stuff. And in the middle,
- 31:51Speaker 2: there's this morass, and I'm not quite sure what's there
- 31:55Speaker 2: and why it's there. It goes on for blocks as well,
- 31:57Speaker 2: and that's where it's a little dead. Everyone's at the south,
- 32:00Speaker 2: or they're eating at the north. So, you know, town
- 32:03Speaker 2: design actually could do with an improve. It is 7
- 32:06Speaker 2: to 6.
- 32:08Speaker 1: News and views you trust to start your day. It's
- 32:12Speaker 1: Early Edition with Andrew Dickens and Spark for Business. Technology
- 32:16Speaker 1: that keeps business moving. Newstalk ZB.
- 32:19Speaker 2: So the one story I haven't talked about today is
- 32:22Speaker 2: the United Kingdom. And for the first time, Wales, Scotland
- 32:24Speaker 2: and Northern Ireland all have First Ministers who want to
- 32:26Speaker 2: leave the UK. And they're all having a meeting today
- 32:29Speaker 2: and the possibility of constitutional change. And Mike's going to
- 32:33Speaker 2: be covering that.
- 32:33Speaker 9: Yeah, I will be actually, finally.
- 32:35Speaker 2: Yeah, it will be.
- 32:36Speaker 15: Although having said that, they're talking about referendums. The Welsh
- 32:39Speaker 15: person doesn't want a referendum. They're a little bit softer
- 32:42Speaker 15: than the Scottish and the Irish. And of course, the
- 32:44Speaker 15: Scottish have had a referendum and the people. So what
- 32:47Speaker 15: the government think versus what the people think might well
- 32:49Speaker 15: be two different things.
- 32:50Speaker 2: This is true. Meanwhile, Trump's talking about one Ireland. And
- 32:53Speaker 2: of course, after Brexit, devolution works so well for the UK.
- 32:57Speaker 9: Precisely. So anyway.
- 32:58Speaker 15: We'll cover that off. Actually, the purveyors of very good
- 33:01Speaker 15: news this morning. So the tourism numbers, which you've just
- 33:03Speaker 15: talked about. So they're good.
- 33:04Speaker 4: They're back.
- 33:05Speaker 15: Took us a long time to get there, but at
- 33:06Speaker 15: least we got back. The milk we got this morning,
- 33:11Speaker 15: they say internationally supply issues. So price goes up. Demand
- 33:16Speaker 15: doesn't go anywhere.
- 33:17Speaker 2: Nobody else is making it, but we are.
- 33:18Speaker 15: Seems the weirdest thing, and I will ask the people
- 33:20Speaker 15: we're talking to, is if you were– kind of able
- 33:23Speaker 15: to get a cow and make some milk.
- 33:25Speaker 2: Wouldn't you?
- 33:26Speaker 4: Wouldn't you?
- 33:27Speaker 15: And yet seemingly they don't. And there is change coming
- 33:30Speaker 15: this morning to the fast track business. So around housing,
- 33:33Speaker 15: the government have finally woken up to the idea that
- 33:36Speaker 15: you're just plonking a thousand houses everywhere and getting the
- 33:39Speaker 15: wastewater trucked out is.
- 33:41Speaker 4: Probably not modern.
- 33:42Speaker 2: You kind of need to plan a suburb. You would
- 33:44Speaker 2: have thought so. But anyway, they didn't see this until
- 33:46Speaker 2: they did.
- 33:46Speaker 15: So the announcement's coming later on this morning that there
- 33:49Speaker 15: will be changes to that particular aspect of fast track.
- 33:52Speaker 2: Maybe they fast-tracked the fast-track and they didn't quite get
- 33:54Speaker 2: it right, which is what's happening with the fast-track. But
- 33:56Speaker 2: there we go. Mike Hosking is next. My name is
- 33:58Speaker 2: Andrew Dickens. My thanks to producer Sam who set up
- 34:00Speaker 2: the show, producer Kenzie who's always here doing the business.
- 34:04Speaker 2: And Brian will be back tomorrow. Have yourself a great day.
- 34:20Speaker 1: For more from Early Edition with Ryan Bridge, listen live
- 34:23Speaker 1: to News Talk ZB from 5 a.m. weekdays or follow
- 34:26Speaker 1: the podcast on iHeartRadio.