Latest / Early Edition with Ryan Bridge / Full Show Podcast: 17 October 2024
Transcript
- 0:01Speaker 1: The issues, the interviews and the inside. Ryan Bridge new
- 0:08Speaker 1: for twenty twenty four on an early edition with Smith City,
- 0:12Speaker 1: New Zealand's furniture vans and a play at store.
- 0:14Speaker 2: US Talks B.
- 0:16Speaker 3: Good morning, it is six after five news Talk, SAIDB
- 0:19Speaker 3: on Ryan Bridge, coming to you live from our crazy
- 0:22Speaker 3: little capital, Wellington this morning.
- 0:24Speaker 2: Acc and the red seven point two billion dollars?
- 0:28Speaker 3: Are they going to cut your subsidized physio visits?
- 0:31Speaker 2: Will ask the Minister Matt Doosey just before six.
- 0:34Speaker 3: Inflation under control, so why do we still feel so poor?
- 0:38Speaker 3: Nick Tuffley on that Wellington, the chamazzle city, the councilor
- 0:42Speaker 3: who wants an early election, plus the link between house
- 0:46Speaker 3: prices and babies, plus Mitch McCann in the US All
- 0:49Speaker 3: ahead on this morning show.
- 0:52Speaker 1: The agenda.
- 0:55Speaker 3: It is Thursday, the seventeenth of October. An explosion has
- 0:58Speaker 3: killed ninety four people in Nigeria. It's understood a tanker
- 1:02Speaker 3: driver lost control and crashed, causing fuel to leak onto
- 1:05Speaker 3: the road, then quickly igniting people.
- 1:07Speaker 4: Locals and villagers came to scoop to fuel that's spilled
- 1:12Speaker 4: out on the streets on the gotteras and that sparked
- 1:14Speaker 4: a very quick conferno which I witness it to say
- 1:19Speaker 4: was very massive.
- 1:20Speaker 2: Under many people could notice scape it. At least fifty
- 1:23Speaker 2: injured as well.
- 1:23Speaker 3: A seven year old has died and six others have
- 1:26Speaker 3: been injured after an explosion destroyed three houses.
- 1:29Speaker 2: This is a newcastle in the UK.
- 1:31Speaker 5: The boys loved ones are being supported by specialist officers.
- 1:34Speaker 3: An investigation is ongoing to establish how the explosion occurred.
- 1:40Speaker 3: It's ready, They've got a plan and it's only a
- 1:42Speaker 3: matter of time now before Israel executes it. According to CNN,
- 1:47Speaker 3: retaliation against Iran will target military sites only, not oil
- 1:51Speaker 3: or nuclear facilities. Trump to the United States, We go now.
- 1:55Speaker 3: Trump's calling back in the Poles. So Carmel is changing
- 1:57Speaker 3: up his strategy. Forget the machhallow barma, they go low,
- 2:01Speaker 3: we go high. Speech Harris has labeled Trump erratic, unstable,
- 2:06Speaker 3: unhinged and now a fascist.
- 2:08Speaker 6: And the other Donald Trump is about taking us backward.
- 2:12Speaker 2: Oh there's muf fascism. Why can we just see it? Yes,
- 2:16Speaker 2: we can say that.
- 2:19Speaker 1: Ryan Bridge new for twenty twenty four on early edition
- 2:23Speaker 1: with Smith City, New Zealand's furniture beds and a playing store.
- 2:26Speaker 2: News talk Zidby and we'll.
- 2:28Speaker 3: Ask Mitch mcckenn about that later on in the show too.
- 2:30Speaker 3: This morning, though, should we be worried about this?
- 2:33Speaker 2: That'll do for any old Scritannia's day or so had
- 2:41Speaker 2: fucking it and it's four two? You heard us? They're
- 2:43Speaker 2: backing it.
- 2:45Speaker 3: Yeah all right, so they've come back. They're doing a
- 2:47Speaker 3: little bit better. Adam Cooper's with us, said, be sport
- 2:49Speaker 3: here in Wellington. Hey Adam, Hey Ron welcome, Yeah, thank you.
- 2:52Speaker 3: Should we be worried about this? Or was this just
- 2:54Speaker 3: a little blip?
- 2:54Speaker 7: Well, I don't think so. I think it was two
- 2:56Speaker 7: mistakes from Team New Zealand. This happens in sailing. You know,
- 2:59Speaker 7: it's such a delicate kit situation when these these two
- 3:02Speaker 7: syndicates are getting the best of the wind, lighting up
- 3:05Speaker 7: at the start line. I guess we saw Team New
- 3:06Speaker 7: Zealand make their first mistake of this whole final. They
- 3:09Speaker 7: got off the foils and sort of found themselves on
- 3:11Speaker 7: the water. Obviously these boats go the fastest and ultimately
- 3:15Speaker 7: you know, are above the water sort of on the foils.
- 3:17Speaker 7: And then Team New Zealand somehow made a bit of
- 3:19Speaker 7: a mistake got off the foils and that sort of
- 3:21Speaker 7: effected them from the start. They couldn't really get back
- 3:24Speaker 7: into that that first race, and then another mistake sort
- 3:26Speaker 7: of towards the start of the second race as well.
- 3:28Speaker 7: So I think, rather than being concerning, it is actually
- 3:30Speaker 7: more exciting.
- 3:31Speaker 3: Well yeah, well that's the first time I've paid attention. Yeah, now,
- 3:34Speaker 3: were up four and il.
- 3:35Speaker 7: And we thought, come on, this is we don't want
- 3:37Speaker 7: this to be a full gone conclusion. We want this
- 3:39Speaker 7: to carry on for a few more days and and
- 3:41Speaker 7: for it to be tight.
- 3:42Speaker 2: So four to two.
- 3:43Speaker 7: I think Team New Zealand we know that their boat
- 3:45Speaker 7: is world class the way it's been built, what it does,
- 3:48Speaker 7: so I think, you know, and.
- 3:51Speaker 3: It's first to seven, isn't it? And next race is
- 3:53Speaker 3: Saturday morning, yes, so we won't have an out And.
- 3:56Speaker 2: Then after that is it Sunday? Did they race?
- 3:58Speaker 8: Yeah?
- 3:58Speaker 2: They they'll continue through over the weekend.
- 3:59Speaker 7: I mean, everyone will keep in the back of their
- 4:01Speaker 7: minds that San Francisco America's cut when he's eeling more
- 4:04Speaker 7: up at eight. You know, they had eight in the
- 4:06Speaker 7: first to nine and then they got beaten.
- 4:09Speaker 2: They're about up about eight one, and Oracle at the
- 4:12Speaker 2: time came back and beat them nine to eight.
- 4:14Speaker 7: So I think everyone's a little bit fearful of that,
- 4:16Speaker 7: but I think at the moment we're still pretty confident.
- 4:18Speaker 3: I'd say, Adam, thank you very much, Adam cooper' zi'by
- 4:20Speaker 3: sport with me here in Wellington this morning. It has
- 4:22Speaker 3: just gone ten minutes after five on News Talk.
- 4:25Speaker 2: Z'B Brian Bridge. Now, this was not my song choice.
- 4:32Speaker 3: This is Donald Trump's song choice in case you have
- 4:36Speaker 3: missed it, and I implore you to please go and
- 4:39Speaker 3: just google this. Donald Trump at a rally in Pennsylvania yesterday,
- 4:43Speaker 3: just to hell with it. I'm not going to keep
- 4:46Speaker 3: speaking and answering questions. I think some people in the
- 4:49Speaker 3: audience became unwell. And he started a disco which lasted
- 4:53Speaker 3: forty minutes, and he does that dance where he moves
- 4:56Speaker 3: his hands and it looks a little bit odd anyway,
- 5:00Speaker 3: for forty minutes, and people loved it.
- 5:01Speaker 2: People enjoyed it. This is the thing about campaigning.
- 5:04Speaker 3: Your candidates are often often exhausted, tired, and are prone
- 5:09Speaker 3: to just do weird stuff. It happens all the time.
- 5:13Speaker 3: And this was a weird thing. And it's forty minutes
- 5:16Speaker 3: of weird stuff. Hey, lots to come on the program
- 5:18Speaker 3: this morning and I want to fill you in on
- 5:20Speaker 3: an Air India flight. Basically a bomb thread against an
- 5:24Speaker 3: Air India flight, third time in two days. This time
- 5:29Speaker 3: the Singaporean Air Forces had to help help them land.
- 5:33Speaker 3: So we'll tell you, put you on on what that story,
- 5:35Speaker 3: what it's all about in just a sec News Talk said,
- 5:38Speaker 3: be on your Thursday morning eleven after five.
- 5:45Speaker 1: Time the first word on the News of the Day
- 5:52Speaker 1: Early edition with Ryan Bridge and Smith City, New Zealand's
- 5:56Speaker 1: Furniture Beds and a Planet Store News Talk.
- 5:59Speaker 3: ZIB fourteen after five News Talks ZB. So all you
- 6:03Speaker 3: need to do to bring down an airline, to bring
- 6:06Speaker 3: down a jet is basically seen an email and you
- 6:09Speaker 3: can disrupt global air travel. What an impossible situation for
- 6:14Speaker 3: airlines to try and handle anyway, So this is what happened. Basically,
- 6:18Speaker 3: somebody has or someone or some group is targeting Air
- 6:22Speaker 3: India flights. They have had three hoaxes in the last
- 6:27Speaker 3: two days. The latest one a two Singaporean Air Force
- 6:32Speaker 3: fighter jets had to scramble and escort an Air India
- 6:35Speaker 3: flight away from populated areas after the airline received an
- 6:39Speaker 3: email that there was a bomb on board the plane.
- 6:41Speaker 2: It was a hoax.
- 6:43Speaker 3: Nothing true about it. It's not funny, it's quite serious.
- 6:48Speaker 3: But how do you manage this when it's happened three
- 6:51Speaker 3: times now in the last two days. Nothing was found
- 6:53Speaker 3: once they landed. There was a plane going to Chicago
- 6:56Speaker 3: landed in Canada. One going to Mumbai to New York
- 6:59Speaker 3: City had to be verted to dally. How do you
- 7:02Speaker 3: handle that and who is behind it? I guess they
- 7:05Speaker 3: will get to the bottom of that. The former quite
- 7:07Speaker 3: hard to manage, I would imagine. Quarter past five, Ryan Bridge,
- 7:11Speaker 3: speaking of hard to manage. Wellington City Council and Wellington's
- 7:14Speaker 3: Meor Torri Farno will meet with Local Government Minister Simeon
- 7:17Speaker 3: Brown this morning at eight point thirty in a bid
- 7:20Speaker 3: to stop the government from intervening in our capital's council.
- 7:24Speaker 3: Yesterday they held an emergency meeting to try and fix
- 7:26Speaker 3: the long term plan, which relied on selling some of
- 7:29Speaker 3: the council's airport shares, which they voted not to do.
- 7:32Speaker 3: Ray Chung is the Wonnington City Councilor. He's with me
- 7:34Speaker 3: in the capital this morning. Ray, good morning, bear with me.
- 7:40Speaker 2: There we go. Ray, are you with me.
- 7:42Speaker 3: Yep, I've got you just fine, tell me what happens.
- 7:48Speaker 3: So you guys had this brief meeting yesterday for about
- 7:51Speaker 3: an hour. What is the mayor actually got to tell
- 7:54Speaker 3: Simeon Brown this morning?
- 7:56Speaker 2: Do you know?
- 7:57Speaker 9: Well, I think she's going that we've we've set the direction,
- 8:01Speaker 9: We've got general agreement from the council. Uh, you know,
- 8:05Speaker 9: through our meeting yesterday, we we appreciate that we've got
- 8:09Speaker 9: to make those savings. We've got to make those cuts.
- 8:11Speaker 9: The one of the problems though, is that we don't
- 8:14Speaker 9: know exactly how much we we actually have to take out.
- 8:18Speaker 9: We didn't get those numbers, and then so there's there's
- 8:21Speaker 9: you know, just a few different numbers and so but
- 8:23Speaker 9: once we get there, you know, we can look at
- 8:26Speaker 9: which bits that we actually need to take out. But yeah,
- 8:29Speaker 9: so I think that's a message he's taking.
- 8:32Speaker 3: So at the moment, you haven't actually agreed on anything.
- 8:34Speaker 3: You've just agreed to basically be a bit more agreeable.
- 8:38Speaker 2: Yeah.
- 8:39Speaker 9: Yeah, which just seemed to me to be a bit
- 8:43Speaker 9: a bit light because then and I would have thought
- 8:46Speaker 9: that we would walk on through and see it. Okay, Uh,
- 8:50Speaker 9: what are you willing to take out and what are
- 8:52Speaker 9: you're not willing to take out? And then so the
- 8:54Speaker 9: things that we all agree on, we can we can
- 8:56Speaker 9: put those down in the top row. And then the
- 8:59Speaker 9: things that we got agree on, we can say, okay,
- 9:01Speaker 9: we'll leave us a discussion and we'll look at how
- 9:04Speaker 9: much we actually need to cut before we can actually
- 9:06Speaker 9: do those. But but because we didn't have that information,
- 9:10Speaker 9: we we you know, we didn't do that.
- 9:13Speaker 2: So you do you still want do you still want
- 9:17Speaker 2: an early election?
- 9:17Speaker 3: And did you hear back from sim In Brown's office
- 9:19Speaker 3: with your request for one?
- 9:21Speaker 9: No?
- 9:22Speaker 3: No, no?
- 9:22Speaker 9: What I said that my preference would be for an
- 9:26Speaker 9: early election rather than the commissioner, because I'm just not
- 9:30Speaker 9: sure what a commissioner would do. And I looked at
- 9:33Speaker 9: the tower on the situation, and I think that the
- 9:37Speaker 9: situation we've got is different from from tower on it.
- 9:40Speaker 9: And I also talked to people up there and they
- 9:42Speaker 9: said that, well, some are happy and some and not.
- 9:44Speaker 9: So it's not having a commissioner and isn't the answer
- 9:48Speaker 9: to everything.
- 9:48Speaker 2: I don't believe. Do you want to be may or? Ray?
- 9:54Speaker 2: I am going to have a.
- 9:55Speaker 9: Go at it, yep, to certainly have to go with it.
- 9:58Speaker 3: That's why you're won an early election, right, get in there,
- 10:01Speaker 3: toy is gone raise the mayor.
- 10:05Speaker 9: No, not really. I'm usually not enjoying council and certainly
- 10:11Speaker 9: very very different from working my previous job, So I
- 10:17Speaker 9: don't think I've got a natural fit for it. But well,
- 10:20Speaker 9: I do think that something needs to happened. I run
- 10:24Speaker 9: constituent reading really monthly, and I'm getting feedback from everyone
- 10:29Speaker 9: I talked to about how on happy they are with
- 10:31Speaker 9: the way the city's going.
- 10:33Speaker 3: Yeah and yeah, and I mean you heard it that
- 10:35Speaker 3: event last night in Wellington celebrating business leaders in Wellington,
- 10:39Speaker 3: which is a fantastic event, But you did hear that
- 10:42Speaker 3: it just needs to be done.
- 10:43Speaker 2: Something needs to be done. It needs to be sorted.
- 10:45Speaker 3: Rayshang with us, potentially future mayor of Wellington, Wellington City councilor.
- 10:50Speaker 3: It is nineteen after five News Talk set b.
- 10:54Speaker 2: Get ahead of the headlines.
- 10:56Speaker 1: Ryan Bridge you for twenty twenty four on early edition
- 11:00Speaker 1: Smith City, New Zealand's fourniture beds and a playing store.
- 11:03Speaker 2: News Talk z'd be good morning.
- 11:05Speaker 3: Twenty one minutes after five on News Talk said be
- 11:07Speaker 3: how big will Adrian or go on rate cuts next month?
- 11:10Speaker 2: That is the question on everybody's lips.
- 11:12Speaker 3: He's away on business at the IMF currently, apparently, But
- 11:16Speaker 3: after yesterday's lowest annual inflation figure in three and a
- 11:20Speaker 3: half years, back in the safe zone at two point
- 11:23Speaker 3: two percent, could we see a seventy five basis point
- 11:26Speaker 3: cut by Christmas? Gosh, we're all excited, aren't we. Nick touughley'
- 11:29Speaker 3: is the asbchief economist. He's with us this morning.
- 11:31Speaker 2: Hey, Nick, morning, Hey, So I mean this, first of.
- 11:34Speaker 3: All, this is great news, isn't it that we're back
- 11:37Speaker 3: in a safe zone?
- 11:37Speaker 2: But how how safe are we? How precurious is that.
- 11:42Speaker 8: We do think that inflation will be remaining very close
- 11:45Speaker 8: to two percent now over the next couple of years.
- 11:48Speaker 8: So if anything needs a chance that inflation could each
- 11:51Speaker 8: of it below two percent at some point as we're
- 11:54Speaker 8: heading towards the end of twenty twenty five twenty twenty six. Look,
- 11:57Speaker 8: we're really back in the zone now.
- 12:00Speaker 3: And it would take something quite dramatic to get us out,
- 12:03Speaker 3: because I mean, you look at the insurance, the rents,
- 12:06Speaker 3: the rates that will expected to keep going up, right,
- 12:09Speaker 3: But the international story is a different one. What about
- 12:13Speaker 3: if oil spiked because of the Middle East or something
- 12:16Speaker 3: like that.
- 12:17Speaker 8: Well, we still have that mixture where some of that
- 12:19Speaker 8: domestic inflation is still pretty high, and that will need
- 12:23Speaker 8: a little bit going forward, and that will help keep
- 12:25Speaker 8: things down. We have had things like oil prices pulling
- 12:28Speaker 8: back at times over the last quarter, which helped keep
- 12:32Speaker 8: inflation low at the moment. But yes, there's always the Wattes.
- 12:35Speaker 8: It will take a pretty significant spike in the price
- 12:38Speaker 8: of oil to push things up, and the Reserve Bank
- 12:40Speaker 8: won't necessarily rush to turn around and start putting rates
- 12:44Speaker 8: up or slow the pace down because oil prices are
- 12:47Speaker 8: something that can't control. They tend to have a short
- 12:50Speaker 8: term impact. But the Reserve Bank would worry about so
- 12:53Speaker 8: sizeable and lifting oil prices, whether there are some lingering
- 12:58Speaker 8: impacts created by just the impacts of it has on
- 13:00Speaker 8: transport and wider costs.
- 13:02Speaker 3: All right, I'll stop worrying about the oil thing now
- 13:04Speaker 3: and then Nick, thank you. Well, what's up with the
- 13:07Speaker 3: domestic air travel? The price is down by eleven percent?
- 13:11Speaker 3: I was reading that going really eleven percent?
- 13:14Speaker 8: Well, you do find that air travels it's quite seasonal,
- 13:18Speaker 8: so it does go up and down from one quarter
- 13:22Speaker 8: to the next. As we move in and out of
- 13:23Speaker 8: the sort of tourism season. We did see quite a
- 13:26Speaker 8: spike in sort of airfare prices in that sort of
- 13:31Speaker 8: immediate post COVID period, but we have now started to
- 13:35Speaker 8: see some settling down in that area and you can
- 13:37Speaker 8: see that in accommodation costs as well, where the trend
- 13:40Speaker 8: has been that things have started to ease back after
- 13:43Speaker 8: that initial nudge that we saw.
- 13:46Speaker 3: Nick, Thanks very much for you update this morning. Really
- 13:48Speaker 3: appreciate it. Nick Tuffley, chief economist at ASB Bank. We're
- 13:52Speaker 3: in the zone and it sounds like we're going to
- 13:53Speaker 3: stay there for the full seable, which is great news.
- 13:56Speaker 2: Just gone twenty four after five News Talks. That'd be the.
- 13:59Speaker 1: Earlier this year full show podcast on iHeartRadio. How it
- 14:03Speaker 1: by News Talks.
- 14:03Speaker 3: It me it is twenty six alf to five year
- 14:06Speaker 3: on News Talks. It be a timely reminder, an important
- 14:09Speaker 3: one too for me. Last night, I'm in Wellington, as
- 14:11Speaker 3: I mentioned earlier, flew into the shammozzel storm yesterday for
- 14:15Speaker 3: an event last night. It's easily one of the most
- 14:18Speaker 3: beautiful cities in New Zealand, is it not?
- 14:20Speaker 2: Can we all agree on that?
- 14:22Speaker 3: With the Hills jutting out of the harbor, all of
- 14:24Speaker 3: the bush surrounding it. It is stunning and the weather
- 14:27Speaker 3: was good, so that helped. It was absolutely beautiful flying
- 14:29Speaker 3: in and then you land and there's the road cones
- 14:32Speaker 3: and there's the uber driver not happy, and the Mayor's
- 14:34Speaker 3: and meltdown, and the government's taking over and the council
- 14:37Speaker 3: is all over the place, shambles, shamozl all that stuff.
- 14:41Speaker 3: But then this event last night featured and honored a
- 14:45Speaker 3: couple of Wellington business people, among them Brian McGuinness, whose
- 14:48Speaker 3: family have either built or refurbished basically half of Wellington,
- 14:54Speaker 3: including Government House by the way, which I found fascinating
- 14:57Speaker 3: being in business for decades, you know, more than fifty years.
- 15:00Speaker 2: Doug Hodak was a name you will know. He was
- 15:03Speaker 2: on there as well, great Wellingtonian. Many were honored there.
- 15:07Speaker 3: But the speech has particularly got me last night, got
- 15:10Speaker 3: me right in the guts. Actually, these are guys who
- 15:12Speaker 3: have seen it all, Wellington at its best, Wellington at
- 15:16Speaker 3: its absolute worst, but when it's the crown on the jewel,
- 15:19Speaker 3: when it's the butt of our jokes. And their message
- 15:23Speaker 3: essentially was politics is temporary, like any city.
- 15:29Speaker 2: The real pulse.
- 15:30Speaker 3: The real engine room is private enterprise, always has been,
- 15:34Speaker 3: always will be. And there was a tech guru, John
- 15:38Speaker 3: Daniel Trask who spoke last night. He said we shouldn't
- 15:41Speaker 3: always look to the council, to the government to fix
- 15:46Speaker 3: our problems or to make things better, because for the
- 15:50Speaker 3: most part we can actually do it on our own.
- 15:53Speaker 3: We can solve problems on our own. Sure, there are
- 15:57Speaker 3: some issues that only government can and counsel can look
- 15:59Speaker 3: after that only government and council have.
- 16:01Speaker 2: A purview over.
- 16:03Speaker 3: But for most things we can actually do it ourselves.
- 16:07Speaker 3: And so that is true of Wellington. Wellington is no exception.
- 16:12Speaker 3: Wellington will come back and probably doesn't help that people
- 16:16Speaker 3: like me sit in front of microphones in Auckland and bleat.
- 16:19Speaker 2: About the place.
- 16:21Speaker 3: But you know, it's fun from a distance, quite different
- 16:24Speaker 3: up close. Twenty eight after five Crying Bridge. Matt Doocey's
- 16:29Speaker 3: on the show. He's the acc Minister. Because the deficits
- 16:32Speaker 3: just hit seven point two billion dollars for the year.
- 16:36Speaker 3: We will ask him what does that mean for your levies?
- 16:39Speaker 3: Does that mean they'll cut back on some of your
- 16:41Speaker 3: physio services? You have taxis to work. Apparently it's taking
- 16:45Speaker 3: us longer to recover from injuries? Does that sound suspicious
- 16:50Speaker 3: to you? I mean, with all the medical advancements, with
- 16:53Speaker 3: all of the physio treatments we have now, why is
- 16:56Speaker 3: it taking us longer to recover from in Is someone
- 17:01Speaker 3: taking the piss? Twenty nine after five News Talks by.
- 17:25Speaker 1: On your radio and online on iHeartRadio Early edition with
- 17:30Speaker 1: Ryan Bridge and Smith City, New Zealand's Furniture Beds and
- 17:33Speaker 1: a Playing Store. News Talks A B.
- 17:47Speaker 3: Good morning, twenty four away from six News Talks B.
- 17:50Speaker 3: It's going to be a great day. Welcome to your Thursday.
- 17:52Speaker 3: Mitch McCann is stateside for us. The political race now
- 17:55Speaker 3: in a dead heat. And what is Karmala Harris going
- 17:59Speaker 3: to do? Where she's going on the attack is what
- 18:01Speaker 3: she's doing. Mitch McCann with us a little later, Matt Doocy,
- 18:04Speaker 3: the ACC Minister, A lot of concern from you this
- 18:07Speaker 3: morning about the books. Our ACC books a seven point
- 18:11Speaker 3: two billion dollar deficit. We'll ask the minister about that.
- 18:15Speaker 1: Ryan.
- 18:16Speaker 3: Something doesn't add up, says David, with the losses incurred
- 18:19Speaker 3: by ACC going from a billion dollar profit to a
- 18:22Speaker 3: seven billion dollar loss in one year, and they're making
- 18:25Speaker 3: it sound like it's all client costs. However, it would
- 18:28Speaker 3: be interesting to know if they have lost money through
- 18:30Speaker 3: bad investments, they actually made money on their investments, David.
- 18:33Speaker 3: But I will ask Matt Doocy about that. What it
- 18:36Speaker 3: says here is the largely driven by an eight point
- 18:40Speaker 3: seven billion dollar increase in the outstanding claims liability, which
- 18:44Speaker 3: is basically how much they expect injuries that have already
- 18:48Speaker 3: happened to cost them into the future. That has increased substantially.
- 18:54Speaker 3: So I'm assuming that is inflation related.
- 18:56Speaker 2: I don't know.
- 18:57Speaker 3: We'll ask Matt Doocy about that when he's on the show.
- 18:59Speaker 3: Just before six it is twenty three away.
- 19:02Speaker 2: Ran the Bridge.
- 19:03Speaker 3: We're going to our reporters around the country, starting in
- 19:05Speaker 3: Dunedin with Callen Proctor.
- 19:06Speaker 2: Cullen, Good morning.
- 19:08Speaker 3: Morning, Ryan, fresh push from Dunedin about the health system there.
- 19:14Speaker 10: Yes, the mayor and the and councilors here have unveiled
- 19:17Speaker 10: officially unveiled this ambulance, this protest ambulance, Ryan, and its
- 19:21Speaker 10: name is Cliff as in the ambulance at the bottom
- 19:25Speaker 10: of and that's what they want to avoid here with
- 19:28Speaker 10: our health system and this hospital process campaign. It's being
- 19:35Speaker 10: used to help spread the campaign's new slogan around the
- 19:37Speaker 10: South and potentially up to Wellington. This ambulance the new
- 19:40Speaker 10: slogan Save our Southern Hospital. The councilor has also purchased
- 19:44Speaker 10: digital billboards in Wellington, they say, at a heavily discounted price,
- 19:49Speaker 10: with the save our Southern Hospital message clearly aimed at
- 19:52Speaker 10: the politicians.
- 19:53Speaker 2: There.
- 19:53Speaker 10: There's campaign badges, a website and Instagram page being launched
- 19:57Speaker 10: as well. The mayor says, look that the such a
- 20:00Speaker 10: simple They want the hospital that was promised one fit
- 20:03Speaker 10: for purpose now and for decades to come.
- 20:05Speaker 2: All right, how's your weather today? Come fine? And sixteen today? Brilliant?
- 20:09Speaker 2: Thank you.
- 20:10Speaker 3: Claire Schubert is in christ Church with well almost the
- 20:13Speaker 3: opposite story there, Claire, Yeah.
- 20:15Speaker 11: Well we're celebrating up here that we've got some more
- 20:18Speaker 11: surgical theater space coming to christ Church.
- 20:21Speaker 3: Now.
- 20:21Speaker 11: Of course, normally I'm talking about how bad our health
- 20:24Speaker 11: system in christ Church is, but at the moment this
- 20:26Speaker 11: is good news. There is an increase to the capacity,
- 20:29Speaker 11: with eighteen hundred surgeries to be on offer annually come
- 20:32Speaker 11: January next year. This is because of an expansion to
- 20:35Speaker 11: Forte Health Hospital. That is, of course a private hospital here,
- 20:39Speaker 11: but it's used by the public system too. The chief executive,
- 20:43Speaker 11: Michael Woodhouse, says this has been running at capacity for
- 20:45Speaker 11: the last five years. Construction of the fifth operating theatre
- 20:49Speaker 11: is going to increase the space by twenty five percent.
- 20:53Speaker 11: He says, as I just mentioned that opening. It will
- 20:55Speaker 11: also increase use for the public health system to access
- 20:58Speaker 11: the theater capacity when needed.
- 21:00Speaker 2: Very good. How's your weather today?
- 21:01Speaker 11: Clad will clear to find this morning northeast of east
- 21:04Speaker 11: developing and be fresh for a time this afternoon a high.
- 21:07Speaker 6: Of fourteen brilliant.
- 21:08Speaker 2: Thank you.
- 21:09Speaker 3: Max Hoole is with me in Wellington this morning. Max,
- 21:11Speaker 3: good morning, what a pleasure do you know? You look
- 21:14Speaker 3: a lot happier than you sound. Comes in with a
- 21:18Speaker 3: big beaming smile.
- 21:19Speaker 12: Take that as a compliment.
- 21:20Speaker 2: Hey, what's happening with the council.
- 21:22Speaker 3: We've got this meeting at eight thirty with Simmon Brown
- 21:24Speaker 3: and the mere right yeaheah.
- 21:26Speaker 12: Let's start with yesterday a bit of a media circus
- 21:28Speaker 12: at the City Council. Our reporter was there, other reporters
- 21:31Speaker 12: that were their councilors. The councilors all sidled out one
- 21:34Speaker 12: by one. They got their five minutes. Let's start with
- 21:36Speaker 12: the mayor. She's resolute. She says the meeting was productive.
- 21:39Speaker 12: Nothing to see here, even though nothing's actually been determined yet.
- 21:43Speaker 12: Called this urgent meeting, of course, to discuss this financial
- 21:46Speaker 12: hole in the budget worth up to six hundred million dollars,
- 21:48Speaker 12: she's insisting they're getting on with it. The thing is,
- 21:51Speaker 12: we're about a year out from local body elections, and
- 21:53Speaker 12: I can tell you quite a few people in that
- 21:54Speaker 12: room yesterday are weighing up running for mayor. Right now,
- 21:58Speaker 12: let's start with Ray Chung. He's confirmed, the only one
- 22:00Speaker 12: who is confirmed actually is running for mayor. He says,
- 22:03Speaker 12: Hid do virtually everything different to Tori Fano, And yet
- 22:07Speaker 12: the majority obviously against crown intervention. As you say, Fanos
- 22:10Speaker 12: meeting the Simeon Brown, the local government minister today are
- 22:13Speaker 12: united fronts. Not really intervention still possible, perhaps even likely.
- 22:18Speaker 12: I think the council is going to remain a circus
- 22:20Speaker 12: for some time.
- 22:21Speaker 3: Yeah, I think you're right. But I said to we
- 22:23Speaker 3: head Rychang on this morning, I said, what did you
- 22:25Speaker 3: actually decide yesterday? I mean, they didn't decide anything, just
- 22:29Speaker 3: to be a bit more agreeable with each other into
- 22:32Speaker 3: the future.
- 22:32Speaker 12: Well yeah, almost like advice behind the scenes. Can we
- 22:34Speaker 12: please you know, present at least this United Front.
- 22:38Speaker 3: Yeah, all right, thank you Max. Great to see you, Max.
- 22:40Speaker 3: Hole in Wellington. How we're the today?
- 22:42Speaker 12: I should say it should be mostly fine once it
- 22:44Speaker 12: starts to warm up, getting up to sixteen in the city.
- 22:47Speaker 2: Brilliant. Thank you navers in Auckland this morning, every good morning.
- 22:50Speaker 6: Good morning.
- 22:50Speaker 13: I am sitting in your seat today because obviously you're
- 22:54Speaker 13: in Wellington and this seat is amazing.
- 22:57Speaker 3: It is quite comfortable, isn't it very No, you probably
- 23:01Speaker 3: shouldn't call it my seat because you know who will
- 23:03Speaker 3: get upset by that.
- 23:05Speaker 2: The the hosk will get upset.
- 23:08Speaker 13: I'm going to wheel it out before he starts at
- 23:10Speaker 13: six a year.
- 23:13Speaker 2: No, but pull it out just as he's sitting down.
- 23:17Speaker 3: Hey, the popular Aucland walkway being reopened after a year
- 23:21Speaker 3: long closure.
- 23:21Speaker 2: Which one is this?
- 23:22Speaker 13: Well, look, this is really really good news. This is
- 23:24Speaker 13: the one on the north shore, that Tuckapoon and Melford
- 23:26Speaker 13: Beach walkway. So I mean the locals here will remember
- 23:29Speaker 13: in September last year. This is the owners of the
- 23:31Speaker 13: first cottage they fenced off the section this is of
- 23:34Speaker 13: that walkway, that Takapoon and Milford Beach walkway because it
- 23:37Speaker 13: cuts across their property. So the Ann and Paul further
- 23:40Speaker 13: State say, now, great news, are going to restore the walkway.
- 23:44Speaker 13: This is a gesture of goodwill because there was you know,
- 23:47Speaker 13: like this huge you know, arguments of the organd Council
- 23:50Speaker 13: refusing requests to remove the cottage's heritage status. So the
- 23:54Speaker 13: estate says, no, we're going to do it. We're going
- 23:56Speaker 13: to restore the walkway. Good news for locals. It's going
- 23:58Speaker 13: to be open and time for summer.
- 24:01Speaker 2: Brilliant. How's the weather today?
- 24:03Speaker 13: Fine weather today and our high eighteen degrees and I'm
- 24:06Speaker 13: just going to spin around in this chair a couple
- 24:08Speaker 13: more times.
- 24:09Speaker 3: You enjoy that you get comfortable in there. Nev never
- 24:12Speaker 3: it all can for us this morning and our reporters
- 24:14Speaker 3: right around the country. Matt, do see the acc Minister
- 24:17Speaker 3: coming up just before six. Should you be worried about
- 24:21Speaker 3: Levy's Should you be worried about coverage with.
- 24:23Speaker 2: Our no fault insurance game? Plus Mitch McCann out of.
- 24:26Speaker 1: The States international correspondence with Ends and Eye Insurance. Peace
- 24:31Speaker 1: of mind for New Zealand business.
- 24:34Speaker 3: Fourteen away from six News Talk Sai'd be great to
- 24:36Speaker 3: have your company this morning. The US election race is
- 24:39Speaker 3: toyter than a toyger, you'd have to say. And so
- 24:42Speaker 3: Karmala Harris is going into the lions. Dan Mitch McCann
- 24:45Speaker 3: is a US correspondent. Mitch is going on Fox News.
- 24:48Speaker 3: Is this a completely unscripted interview situation?
- 24:53Speaker 5: Well, it is, and it's an opportunity to peel to
- 24:56Speaker 5: more voters because this election is so close, Ryan, it
- 24:59Speaker 5: could come down to just a few hundred votes in
- 25:01Speaker 5: one of these red states in a couple of weeks.
- 25:04Speaker 5: In fact, there are only nineteen days, twelve hours, in
- 25:07Speaker 5: about thirteen minutes to go. And there are a number
- 25:10Speaker 5: of areas that Kamala Harris is doing well.
- 25:12Speaker 14: Here.
- 25:12Speaker 5: She's doing well with women and seniors. Donald Trump is
- 25:15Speaker 5: doing well with young men. But there's one demographic that
- 25:18Speaker 5: Kamala Harris would probably like to improve on, and that
- 25:22Speaker 5: is the African American community, which I might add has
- 25:25Speaker 5: always been such a strong source of votes for the Democrats.
- 25:29Speaker 5: So while Kamala Harris is on track to win an
- 25:32Speaker 5: overwhelming number of Black votes, she may need more than
- 25:35Speaker 5: she is forecast. Get this in twenty sixteen and twenty twenty,
- 25:38Speaker 5: the Democrats won the black vote with ninety two and
- 25:41Speaker 5: ninety percent margins. But according to the New York Times,
- 25:44Speaker 5: forecasts show that seventy eight percent support Harris this time around.
- 25:49Speaker 5: So it's a lot of votes, but it's quite a
- 25:51Speaker 5: bit less than what Biden received in twenty twenty. So
- 25:56Speaker 5: this might seem like a lot of votes, but it
- 25:58Speaker 5: could come down to just a feud. Tamalaharas is going
- 26:00Speaker 5: to need that community.
- 26:02Speaker 3: Especially in places like Georgia, right where the proportion is
- 26:05Speaker 3: a lot higher, it.
- 26:06Speaker 2: Can swing a state. Let's talk about Biden.
- 26:09Speaker 3: The administration has sent a letter to Israeli leaders demanding
- 26:13Speaker 3: what exactly.
- 26:15Speaker 2: Yeah, so the US has written this letter.
- 26:16Speaker 5: It's been signed by the US Defense Secretary and the
- 26:19Speaker 5: Secretary of State, which tells Israel it has thirty days
- 26:23Speaker 5: to boost humanitarian aid to the people in war torn
- 26:26Speaker 5: Gaza or there is a risk of policy consequences, which
- 26:30Speaker 5: most people assume means that the US may stop shipping
- 26:34Speaker 5: US weapons to Israel. And the four page letter, which
- 26:37Speaker 5: complains about the lack of aid being allowed into Gaza,
- 26:41Speaker 5: points out that the flow of eight has dropped by
- 26:43Speaker 5: more than fifty percent since Benjamin Ettner, who promised to
- 26:47Speaker 5: allow more deliveries. Now the White House says it's not
- 26:50Speaker 5: a threat, but it's just intended to reiterate this sense
- 26:53Speaker 5: of urgency in the region.
- 26:55Speaker 2: Mitch, thank you for that, Mitch mccannal Man.
- 26:57Speaker 3: In the States, it is twelve minutes away from six
- 26:59Speaker 3: News Bryant Bridge. ACC's announced to seven point two billion
- 27:04Speaker 3: dollar deficit for the year to journe This just after
- 27:07Speaker 3: a year after reporting a surplace of nine hundred and
- 27:10Speaker 3: eleven million, and it's got everyone on the text machine saying,
- 27:13Speaker 3: what how does that happen? It comes as the ACC
- 27:16Speaker 3: is looking to raise levies for twenty twenty five to
- 27:18Speaker 3: twenty twenty eight. This is to help pay for increasing costs.
- 27:22Speaker 3: Matt Doucy is the ACC minister. He's with me this morning,
- 27:25Speaker 3: Minister Morna, good morning.
- 27:27Speaker 14: Morlene to mother a Ryan, good to have you.
- 27:30Speaker 2: On the show.
- 27:30Speaker 3: Tell me, first of all, how bad is this on
- 27:33Speaker 3: a scale of one to ten, How worried are you?
- 27:36Speaker 14: Oh? Look, I think it's hugely concerning. I think ACC
- 27:40Speaker 14: quite frankly needs to lift its game. But I think
- 27:42Speaker 14: we do need to take a step back. I mean
- 27:45Speaker 14: ACC celebrated its fiftieth birthday recently. It's a big institution
- 27:49Speaker 14: in New Zealand. In the last financial year it's settled
- 27:52Speaker 14: about seven billion dollars worth of claims, four billion for
- 27:55Speaker 14: treatment costs, about three billion for a weekly compensation. We're
- 28:01Speaker 14: not talking about any financial sustainability risks in the short
- 28:05Speaker 14: to medium term. It's more about when you look at
- 28:08Speaker 14: what's called the OCL the outstanding claims liability for long
- 28:13Speaker 14: term and what we've seen through some factors like inflation,
- 28:17Speaker 14: treatment costs, population growth, we've seen significant rise in the
- 28:23Speaker 14: outstanding claims liability. But on saying that, there's two areas
- 28:27Speaker 14: ryan One is factors that are inside accs controls stuff
- 28:31Speaker 14: that's outside, like sometimes inflation and treatment costs. But I
- 28:36Speaker 14: think they've really got to focus on their rehabilitation rates.
- 28:39Speaker 14: We've seen them continue to decline and that's a big
- 28:43Speaker 14: area that I think that they can focus on to
- 28:46Speaker 14: improve their position.
- 28:47Speaker 3: You mentioned the population growth. I mean, if the population
- 28:50Speaker 3: is growing, there should be more people paying into the
- 28:52Speaker 3: system too, right, So can't we cancel that one out.
- 28:56Speaker 14: Potentially, But when you look at some times the exponential
- 29:00Speaker 14: factor in the claims and that's what they've actually seen
- 29:03Speaker 14: this year. Specifically, they've seen people claiming. They have seen
- 29:08Speaker 14: more people claiming. But like I say, there is levers
- 29:11Speaker 14: inside their control injury prevention. Does that rehabilitation rates.
- 29:16Speaker 3: When more people are is that over and above population growth?
- 29:19Speaker 3: Are we having more accidents when?
- 29:22Speaker 2: Why?
- 29:23Speaker 9: Yeah?
- 29:24Speaker 14: I think quite crudely, when you look at those statistics,
- 29:27Speaker 14: you could draw that conclusion. I don't have the details
- 29:31Speaker 14: on why that is, but like I say, there's an
- 29:34Speaker 14: ability for acc to focus on the levers that they
- 29:37Speaker 14: have in their control. Our rehabilitation rates have been declining
- 29:42Speaker 14: over a number of years. So I've made it very
- 29:44Speaker 14: clear that is to be the primary focus. But also
- 29:48Speaker 14: want to touch on another area, which is about a
- 29:52Speaker 14: third of that significant increase, And what that is is
- 29:56Speaker 14: court rulings that have changed some of the entitlements and
- 30:00Speaker 14: what we call boundary issues.
- 30:01Speaker 2: One of them two generals. Is it too general?
- 30:07Speaker 14: What the court has ruled in one area has significantly
- 30:10Speaker 14: increased the OCL by three point six billion dollars alone.
- 30:14Speaker 14: So those are areas that we need to look at all.
- 30:17Speaker 3: Right, well, very quickly, we literally have ten seconds left.
- 30:21Speaker 3: Will this mean levees will have to go up substantially.
- 30:23Speaker 3: What will it mean for us they're actually paying into it,
- 30:26Speaker 3: almillst things be cut.
- 30:29Speaker 14: I won't get ahead of cabinet decisions, but what I
- 30:33Speaker 14: would say is that levees are only one lever and
- 30:36Speaker 14: I don't expect levees to be used by default. I
- 30:39Speaker 14: expect ACC to lift their game around rehabilitation rates because
- 30:43Speaker 14: they should be ensuring that they are utilizing the income
- 30:47Speaker 14: they're getting from New Zealanders at the moment.
- 30:49Speaker 3: Fairly, Matt Doc ACC minister, thanks so much for your time.
- 30:52Speaker 3: Eight to six News Talk CV.
- 30:54Speaker 2: News and Views.
- 30:55Speaker 1: You trust to start your day's early edition with Ryan Bridge,
- 31:00Speaker 1: Smith City, New Zealand's Furniture Beds and a Flying Store
- 31:03Speaker 1: US Talk Zidvy.
- 31:05Speaker 3: ACC is one of those issues where people just go
- 31:07Speaker 3: nuts and unload. Good morning, Ryan, ACC minister, who is
- 31:10Speaker 3: just on the show. What a crop of rubbish They
- 31:13Speaker 3: need to stop using. Inflation is the excuse for everything
- 31:16Speaker 3: right about ACC. Time to look at the providers as well.
- 31:20Speaker 3: I've been under care for a hand injury. Unbelievable clipping
- 31:25Speaker 3: the ticket by doctors with little benefits. So lots of
- 31:28Speaker 3: people have an opinion on this. The deficit seven point
- 31:30Speaker 3: two billion dollars. It is five away from six and
- 31:33Speaker 3: I'm in Willington, but Mike is in Auckland and he
- 31:36Speaker 3: is with you next.
- 31:37Speaker 2: Mike, good morning, good morning.
- 31:38Speaker 6: You any good as an MC?
- 31:40Speaker 2: No? I wouldn't rate myself for it.
- 31:42Speaker 6: Do they pay you? Did they pay you any money
- 31:44Speaker 6: for that last night?
- 31:45Speaker 2: Or yeah?
- 31:45Speaker 6: They of course bit of money? And you know you
- 31:48Speaker 6: think goodness so.
- 31:50Speaker 2: Well, you've been doing that for what sixteen years now? Mike?
- 31:53Speaker 2: What the show? Yeah?
- 31:55Speaker 6: But I'm good at the show. I'm not good as
- 31:57Speaker 6: an MC.
- 31:58Speaker 2: Do you not do MC gigs? I don't like it.
- 32:00Speaker 15: Gigs because I'm like you, I'm no good. I just
- 32:03Speaker 15: don't go out to the marketplace and charge people for
- 32:05Speaker 15: it because I've worked out I'm no good at it.
- 32:07Speaker 6: Stick to what you're good at.
- 32:08Speaker 15: Ryan, don't come on the program and go oh bluddy, hell,
- 32:10Speaker 15: I charged twenty thousand dollars last night to be an MC,
- 32:12Speaker 15: and I'm no good at it.
- 32:13Speaker 2: At the time that I took the gig, Oh you
- 32:16Speaker 2: needed to. I was unemployed. Did that?
- 32:20Speaker 15: That would have been nice to start with last night?
- 32:22Speaker 15: Say look what you're about to get is not that good.
- 32:25Speaker 15: I'm not that good. But I was unemployed at the time.
- 32:27Speaker 15: See that's a good laugh to start the show. People
- 32:29Speaker 15: would have immediately thought, oh, he's a nice guy.
- 32:32Speaker 3: Do you know what was interesting? Obviously the mayor was there,
- 32:35Speaker 3: the Prime Minister was there, and I was, you know,
- 32:37Speaker 3: sort of looking for any interactive There was no interaction
- 32:40Speaker 3: between them.
- 32:41Speaker 2: Well did you rack it up?
- 32:42Speaker 3: I would have yeah, Well, do you know I planned
- 32:45Speaker 3: to go in there and really shite stir Yes, and
- 32:48Speaker 3: then I sort of I felt bad when I was there,
- 32:52Speaker 3: you know, I really sort.
- 32:53Speaker 6: Of when you say that, you say, Tory, I'm feeling
- 32:55Speaker 6: sorry for you. I would have laughed nervously.
- 33:00Speaker 2: There.
- 33:00Speaker 15: Do you want to work with the primisse? See, I
- 33:01Speaker 15: would have racked it up. I would have gone big time.
- 33:03Speaker 15: That's why I'm charging so much money. I should get
- 33:05Speaker 15: back into the mc gig. I'm actually quite good. I've
- 33:08Speaker 15: talked to myself into it.
- 33:10Speaker 2: Well, what's on your show today?
- 33:12Speaker 15: We'll talk to the finance minister who the thing about
- 33:15Speaker 15: the inflation and I think we need to read that.
- 33:17Speaker 6: You know, we're all a bit excited. We go, oh,
- 33:18Speaker 6: thank god, it's gone down. I think it's entirely.
- 33:21Speaker 15: Possible they've overcooked it and they've gone too low. In
- 33:24Speaker 15: other words, yesterday's number was lower than they thought it would.
- 33:28Speaker 15: That indicates that things need to be boosted once again.
- 33:31Speaker 15: So we go back to the whole. Is it fifty
- 33:33Speaker 15: or is at seventy five? But anyway, Nikola will lissay
- 33:35Speaker 15: up to seven.
- 33:36Speaker 3: All right, Mike is within next Thanks for having me Wellington,
- 33:40Speaker 3: it probably won't have me back as an MC by
- 33:42Speaker 3: the sounds of that three away from Sex.
- 33:45Speaker 1: For more from Early Edition with Ryan Bridge, listen live
- 33:48Speaker 1: to News Talks it'd be from five am weekdays, or
- 33:51Speaker 1: follow the podcast on iHeartRadio