Latest / Early Edition with Ryan Bridge / Full Show Podcast: 09 July 2026

Transcript

Full Show Podcast: 09 July 2026 · Early Edition with Ryan Bridge

0:00
Speaker 1: The issues, the interviews and the insight. Ryan Bridge on
0:05
Speaker 1: early edition with Spark for business Technology that keeps business
0:09
Speaker 1: moving news talks.
0:10
Speaker 2: They'd be good morning and it's Thursday six half for five.
0:12
Speaker 2: Great to have your company interest rates next moves. That's
0:15
Speaker 2: our lead this morning. Mitch mccannon's stateside for US, Malcolm Gillies,
0:18
Speaker 2: Hurricanes co owner, another sell out at the Cakechin. This
0:21
Speaker 2: is Italy and the ABS. Plus we'll look at the
0:24
Speaker 2: solar power battle going on between the two big parties
0:27
Speaker 2: this morning. The agenda Thursday of nineteen July, the sixth
0:32
Speaker 2: Final Iron is over.
0:34
Speaker 3: You know, we hit them hard last night. They launched
0:35
Speaker 3: a couple of drones and one rocket, one missile and
0:42
Speaker 3: at chips because they were in the street which have
0:45
Speaker 3: every rate to be and so we hit them very
0:48
Speaker 3: hard last night, very very Probably hit them hard again tonight.
0:51
Speaker 3: I'll give them a little warning we're gonna.
0:53
Speaker 4: Hit them right.
0:53
Speaker 2: So oil is going up Brent feud Brink crude futures
0:56
Speaker 2: are up eight percent, so that's now over eighty bucks
0:59
Speaker 2: a barrel.
1:00
Speaker 5: Seeing the impact already on energy prices. People going to
1:03
Speaker 5: fill up at per petrol station on the fore Court
1:05
Speaker 5: and see the impact of that. So what's really important
1:08
Speaker 5: now is, notwithstanding the challenges, that we all focus on
1:11
Speaker 5: getting back to that seaspar implementing the understanding and playing
1:16
Speaker 5: our part in getting the straight off hoall moves.
1:18
Speaker 2: Open back to NATO Turkey. So you know that Ukraine
1:22
Speaker 2: has been wanting patriot missiles. Trumpshinted that the Americans might
1:27
Speaker 2: give the Ukrainians a license to make their own.
1:29
Speaker 3: A little birdie told me this about the fact that
1:33
Speaker 3: we'll give them the right to make patriots, will show
1:37
Speaker 3: them how to do it. It's very complex, actually, but
1:40
Speaker 3: it's you'll figure out the perplexity quickly. And we're talking
1:44
Speaker 3: about that.
1:45
Speaker 2: Let's go to the uk Faraj and his bi election.
1:47
Speaker 2: It's going to be like a one man band because
1:50
Speaker 2: the Conservatives and Labor at least for their part, has
1:52
Speaker 2: said they're not having a part of it, not running candidates.
1:54
Speaker 6: They have not broken Parliament's rules. However, as a result
1:58
Speaker 6: of constantly being referred to complained about it now would
2:01
Speaker 6: appear from the media pylon and for the glogal pasty
2:05
Speaker 6: Pilon that I'm guilty of virtually everything I've been painted
2:08
Speaker 6: out to the people in this constituency frankly as being
2:11
Speaker 6: a crook or to tell you what, I don't think
2:13
Speaker 6: Sky News or anybody else should be my judge. I
2:15
Speaker 6: think the voters here in Clacton should have that opportunity.
2:20
Speaker 1: The news you need this morning and the in depth
2:23
Speaker 1: analysis earlier edition with Ryan Bridge and Spark for business
2:28
Speaker 1: Technology that keeps business moving News Talk z.
2:30
Speaker 2: B nine after five nine nine two is the number
2:33
Speaker 2: to text they this is Labor says that he's basically
2:36
Speaker 2: Feras going to spend the summer arguing with a rubbish
2:38
Speaker 2: bin and they want no part of it. Then you
2:40
Speaker 2: go the soul of power thing. We are going to
2:43
Speaker 2: talk to somebody about this shortly on the program, but
2:45
Speaker 2: I just wanted to run you through what happened yesterday
2:47
Speaker 2: because National came out with their plan. Remember and we
2:50
Speaker 2: spoke to Simmon Brown about it at the time. National's
2:53
Speaker 2: solar plan is it is loans or low interest loans.
2:57
Speaker 2: I remember Simon Brown said you get one or two
3:00
Speaker 2: who percent off a retail interest rate. As a result
3:03
Speaker 2: of Nationals plan, seven million dollars is what it will
3:06
Speaker 2: cost taxpayers. So they're not giving away money. They are
3:10
Speaker 2: backing loans through banks for people to get solar on
3:13
Speaker 2: their rooms, et cetera. Labor says, why do loans when
3:17
Speaker 2: you can just give money away like Oprah Winfrey with
3:20
Speaker 2: cars seventy seven million dollars in subsidies. This is included
3:24
Speaker 2: in their plan yesterday. It's free money and installing solar
3:30
Speaker 2: with or without batteries would be on the cards. Now.
3:33
Speaker 2: Megan Woods, yesterday, I was listening into this. She said,
3:36
Speaker 2: the cost of them up to seventy seven million. And
3:41
Speaker 2: then who gets the money? While they say low income
3:45
Speaker 2: or medium income, middle income people. But it's a little
3:48
Speaker 2: bit vague. So the eligibility criteria for this might have
3:53
Speaker 2: to be strict, not entirely sure yet the grants might
3:57
Speaker 2: need to be offered on a first come, first serve basis,
4:00
Speaker 2: which seems fair and doesn't it free money? You know,
4:04
Speaker 2: run like a lolly scramble. By the way, the money
4:08
Speaker 2: where is it coming from? Always important question to ask
4:10
Speaker 2: with this particular party relying on the government's gas fund,
4:13
Speaker 2: you know, Shane Jones and the two hundred million dollars.
4:16
Speaker 2: They're going to pinch it from there because they're not
4:18
Speaker 2: into fossil fuels, of course, pinch it from there. Thank
4:22
Speaker 2: you very much. We'll take a little bit of that
4:24
Speaker 2: seventy seven million max. However, if the fund, if the
4:29
Speaker 2: kitty is empty by the time they get to the election,
4:31
Speaker 2: the two hundred million dollars, if it has been used
4:34
Speaker 2: or mostly used, where do they get the money? Well,
4:36
Speaker 2: Megan Woods was asked and the answer we'll find somewhere
4:40
Speaker 2: else Frame Bridge eleven after five News Talks. We'll talk
4:46
Speaker 2: about that, plus the very interested to talk actually this
4:49
Speaker 2: morning about the rugby because it's it's Lee and it's
4:52
Speaker 2: the Abs, and it's at the cake tin and it's
4:54
Speaker 2: the third time that they have filled the cake tin
4:56
Speaker 2: this year, which is fantastic for them. I mean, obviously
4:59
Speaker 2: they've had that Hurricans in the final, it'd be hard
5:02
Speaker 2: not to. But Malcolm Gillies is co owner of the Hurricanes.
5:05
Speaker 2: He's with us at about twenty past five this morning,
5:07
Speaker 2: in about ten minutes, came to ask him about that
5:10
Speaker 2: about the Hurricanes financial position, but also club rugby despite
5:16
Speaker 2: the fact the Abs are playing in the Capitol this weekend,
5:18
Speaker 2: do we know club rugby? Because people can't stop abusing
5:21
Speaker 2: the refs News Talks.
5:23
Speaker 1: Hedb the early edition full the Show podcast on iHeartRadio
5:28
Speaker 1: Power It by News Talks AB on your radio and
5:32
Speaker 1: online on iHeartRadio Early edition with Ryan Bridge and Spark
5:37
Speaker 1: for Business Technology that keeps Business Moving News talkshb.
5:47
Speaker 2: It is force enough to five year on News Talks
5:49
Speaker 2: hibb Ryan, enough of you. Auckland is calling at the
5:52
Speaker 2: cake tin. It's insulting to a great stadium. That's what
5:55
Speaker 2: it's called. Bob. I didn't make it up and I
5:58
Speaker 2: am a Wellingtonian. Get off my case. Battle of these
6:02
Speaker 2: soular power policies happening at the moment between the two
6:04
Speaker 2: major parties.
6:05
Speaker 7: They've basically taken the work that rewiring O I did.
6:08
Speaker 7: It's good work, and they've put the National Party's logo
6:10
Speaker 7: on it. Only the Labor Party is able to deliver
6:14
Speaker 7: the same policy but actually make it cost hundreds of
6:17
Speaker 7: millions of dollars.
6:18
Speaker 2: Right, Let's cut to the case. John Harmon, director of Lightful,
6:20
Speaker 2: solo with us this morning morning, John Ring Ryan. Whose
6:23
Speaker 2: is better?
6:25
Speaker 8: Well, both of them are very similar. The Labor Party
6:32
Speaker 8: is just more and what we see in this in
6:35
Speaker 8: this space, which is more virtue signaling and more politicking.
6:40
Speaker 8: But it's not going to shift the dial for the average.
6:42
Speaker 2: Punter, what would because I mean they're talking about renters here,
6:46
Speaker 2: they're talking about subsidies here of up to three thousand
6:49
Speaker 2: dollars to get a couple of panels on your roof.
6:52
Speaker 2: What would move the dial for renters and for low
6:56
Speaker 2: income people middle income be able to actually go with solar.
7:00
Speaker 8: It's very simple. It's a level playing field with the
7:03
Speaker 8: retailers of Gentiles and Alliance companies. So they are making
7:07
Speaker 8: record profits from New Zealanders with high power prices, and
7:11
Speaker 8: the government itself is rate making record profits from GST,
7:17
Speaker 8: from dividends and from basically corporate tax and that's not
7:25
Speaker 8: going to stop. So we want to level playing field
7:28
Speaker 8: for investors from the little kids, from the little punters
7:32
Speaker 8: that invest in two panels on their balcony to the
7:36
Speaker 8: average household which really needs twenty panels to run a house.
7:40
Speaker 8: And that's symmetrical pricing. So whatever the gentailer charges you
7:45
Speaker 8: for your power rymes, let's say thirty six censor unit,
7:48
Speaker 8: well your panel shall get thirty six censor unit from
7:53
Speaker 8: them when you're not using the power, when you're exporting
7:55
Speaker 8: it to your neighbor.
7:57
Speaker 2: That would move the dial. This is it more costly
8:01
Speaker 2: I mean you mentioned the lines charges. Is it more
8:03
Speaker 2: costly to reverse it out? No, not at all. It's easy.
8:08
Speaker 8: It's like everywhere in the world has got more solar
8:11
Speaker 8: than New Zealand, it's just the lines company don't facilitate
8:14
Speaker 8: it and the gen tailors don't want it because they're
8:17
Speaker 8: making all the money.
8:18
Speaker 2: John Harmon, director of Light four Solar, good to have
8:21
Speaker 2: you on the show this morning. Sixteen after five, Ryan
8:25
Speaker 2: Good Morning says this text. Who's going to pay for
8:27
Speaker 2: the maintenance of the solar installations and ultimately replace them
8:30
Speaker 2: when they are end of life in seventy ten years time. Well,
8:34
Speaker 2: presumably once you start, you can't stop. So once you
8:38
Speaker 2: do it, you'll be once you do it once, you
8:40
Speaker 2: want to do it forever, and you'll find the money
8:42
Speaker 2: from somewhere and this well potentially the savings, the magical
8:46
Speaker 2: savings on your power bill. In the meantime, seventeen after
8:49
Speaker 2: five News Talk said, b the cake tin filled for
8:52
Speaker 2: the third time this year. Great news. Wouldn't get many
8:56
Speaker 2: solar panels on the cake tin, don't get a lot
8:58
Speaker 2: of sunshine there either, Probably not worth it. We'll speak
9:01
Speaker 2: to Malcolm Gillies, co owner of the hurricanes.
9:03
Speaker 1: Next the Early Edition Full show podcast on iHeartRadio powered
9:08
Speaker 1: by News Talks at B before the news breaks here
9:12
Speaker 1: it first Ryan Bridge on Early Edition with Spark for
9:16
Speaker 1: business Technology that keeps business, Movie News Talks at B.
9:20
Speaker 2: Five nine Team we'll deal with the ocr and seven minutes.
9:22
Speaker 2: We'll do it again in thirty minutes with ASP's Nick
9:24
Speaker 2: toughly looking ahead to the future. First, Trump not happy
9:27
Speaker 2: with Spot, never been happy with Spain. Hasn't been happy
9:29
Speaker 2: with Spain for a very long time. But Pedro Sanchez
9:31
Speaker 2: really getting under his skin at NATO.
9:34
Speaker 3: Spain is a wasted because we don't want to do
9:36
Speaker 3: any trade business with Spin anymore. By the way, I'd
9:38
Speaker 3: like you to cut it up Scan.
9:40
Speaker 4: Span is a.
9:42
Speaker 3: Terrible partner in NATO. They don't participate, they don't pay.
9:48
Speaker 3: I don't want anything to do with Span. Cut off
9:50
Speaker 3: all trade with spand liss No.
9:52
Speaker 2: Yes, Sanche says. Actually the relationship's doing fine, thank you
9:55
Speaker 2: very much. Their contribution to NATO two percent. Trump wants
9:58
Speaker 2: it at five, Sanchez says Brian Bridge. It's the anger right.
10:03
Speaker 2: Wellington's Caketon officially sold out ahead of Saturday's All Blacks
10:06
Speaker 2: test against Italy, which is great news. Third time the
10:09
Speaker 2: cake Tin, if we can call it that. Henry Stadium
10:12
Speaker 2: has been sold out in Wellington for twenty twenty six.
10:14
Speaker 2: Malcolm Gillies, Hurricanes co owner and chairman, I'll fill the
10:17
Speaker 2: tin campaign creator is with us this morning. Good morning, Malcolm, Yeah,
10:22
Speaker 2: good morning. Okay, great news.
10:25
Speaker 9: Yeah it is, isn't it. Yeah, we've got a great
10:28
Speaker 9: marketing team. We can't take credit for that. Filled the
10:31
Speaker 9: term to the brim. That was their marketing guys, and
10:33
Speaker 9: yeah it was a great, great marketing campaign.
10:36
Speaker 2: Yew is there something wrong with calling it the Caketon.
10:38
Speaker 2: I've had lots of texts this morning. I thought that's
10:40
Speaker 2: what we called it, Malcolm.
10:42
Speaker 9: I think call it what you like. I mean, it's
10:46
Speaker 9: you know, the sponsor Henry Stadium. I mean Henry, the
10:50
Speaker 9: guy that owns Henry. He said, great guy, you're very
10:52
Speaker 9: very positive about changes. You know that he wants to
10:56
Speaker 9: bring to help bring people back to the cake Tin.
10:59
Speaker 9: But no, I think that the name's been there, always has.
11:03
Speaker 2: Been Rugby's cranking and Wellington at the moment. But I
11:06
Speaker 2: did look back. There was an injury you did last year.
11:09
Speaker 2: You talked about the Hurricanes and the loss of financial losses.
11:12
Speaker 2: Has the win for the for this season is that
11:16
Speaker 2: helped to turn things around for.
11:18
Speaker 9: Them, well, most certainly, but even before that things that
11:23
Speaker 9: financially we're on the right track. We turned it right
11:26
Speaker 9: round this year, I think will be we would have
11:29
Speaker 9: turned it around to a profit. So you know, we've
11:32
Speaker 9: been we've been very blessed with the support that we've
11:35
Speaker 9: managed to get back from our from our fans. But
11:38
Speaker 9: I think main needs and probably could contribute to why
11:41
Speaker 9: the All Blacks have filled the cake tin as well
11:43
Speaker 9: as the Hurricanes were playing a fantastic brand of rugby,
11:46
Speaker 9: really entertaining, and I think you know that that final
11:50
Speaker 9: would have to be the best final, best game of rugby,
11:53
Speaker 9: I think most people have ever seen. It was just
11:55
Speaker 9: fantastic and you got what you got eleven and the
11:58
Speaker 9: All Blacks. So hopefully, you know, we're going to start
12:02
Speaker 9: seeing some more of that entertaining rugby and that's what
12:04
Speaker 9: people come to look for.
12:05
Speaker 2: It is, isn't it. I Mean people love to back
12:07
Speaker 2: winners and clearly there are a lot of winners in
12:10
Speaker 2: Wellington right now. What about club rugby. I've been reading
12:14
Speaker 2: with some concern this week about the you know, despite
12:17
Speaker 2: the fact we'll have the ABS in Italy playing at
12:19
Speaker 2: the cake Tin, we've got no club rugby because of
12:22
Speaker 2: apparently there's abuse going on with the rest.
12:26
Speaker 9: Well, you know, look, we can't tolerate it. It's just
12:30
Speaker 9: there's no place in sport for that type of behavior.
12:34
Speaker 9: So I say, good on the rest, you know, put
12:36
Speaker 9: your foot down. I mean, they don't get paid and
12:38
Speaker 9: they don't have to put up with that sort of nonsense.
12:40
Speaker 9: And maybe you know, I mean it's pretty radical when
12:43
Speaker 9: I heard of Kraky Dick. You know, that's really that's
12:47
Speaker 9: a good you know, that's pretty out there. But look,
12:50
Speaker 9: you know it's not it's not tolerant. We can't tolerate
12:54
Speaker 9: that sort of behavior.
12:55
Speaker 2: Malcolm. I'm from Wellington and Wellington hasn't been fantastic when
13:00
Speaker 2: it comes to super rugby for for a wee while,
13:03
Speaker 2: or we haven't won for a wee while. What's turned
13:05
Speaker 2: it around? Like, how where is this as you described
13:08
Speaker 2: a fantastic style of rugby come from.
13:12
Speaker 9: Well, you've got to really, I mean, obviously it wasn't
13:15
Speaker 9: just myself and our board in one year. You can't,
13:18
Speaker 9: you know, we can't say it was just us. I
13:20
Speaker 9: think we added to it, but I think if you
13:22
Speaker 9: looked at it, it had been building for quite some time.
13:24
Speaker 9: I think the Hurricanes had recruited well over the last
13:28
Speaker 9: number of years. They've got a fantastic coaching unit with
13:32
Speaker 9: Clark and Corey, Jane and Whopper, and it had been building.
13:35
Speaker 9: It was just quietly there, and I think what we
13:37
Speaker 9: did probably was give it the ability to come out. So,
13:42
Speaker 9: you know, it's it's been an exciting time and I
13:45
Speaker 9: think next year, I mean, the proof and the putting
13:47
Speaker 9: is can we turn it around? Can we go back
13:49
Speaker 9: to back? And that's what's going to be exciting, because
13:51
Speaker 9: if we can, you know, then then obviously we have
13:54
Speaker 9: got something there. But we've got a wonderful culture. Now
13:58
Speaker 9: it feels good. You only got to look our girls.
14:01
Speaker 9: I mean, our girls hadn't won a game in two years.
14:04
Speaker 9: They'd won two games in a row. And when you
14:07
Speaker 9: watch them play, you know they're in with a hunt,
14:10
Speaker 9: they're in with a chance to win that comp they're
14:12
Speaker 9: playing some great rugby and they're having fun. So you know,
14:16
Speaker 9: wouldn't that be excited? Men and women? The good win
14:19
Speaker 9: both good.
14:20
Speaker 2: To have goals there. Malcolm Gillies Hurricanes co owner with us.
14:23
Speaker 2: This morning time is twenty four after five. I did
14:26
Speaker 2: watch the women play. Actually they beat the Blues last Saturday.
14:29
Speaker 2: This was before the Avs and the French and beat
14:33
Speaker 2: the Blues and I think it was their first back
14:34
Speaker 2: to back whenever, so they were very ever excited after
14:37
Speaker 2: the game. Now Germany carmakers they're freaking out about China's evs.
14:42
Speaker 2: I mean they have been slowly freaking out like the
14:44
Speaker 2: frog and boiling water for a while, but now it's
14:47
Speaker 2: like alarm bells because Chinese evs are flooding the market.
14:51
Speaker 2: Your byds, glees, people love them and people buy them.
14:54
Speaker 2: And now they have this problem where European car production
14:58
Speaker 2: capacity exceeds demand by more than five million vehicles a year.
15:02
Speaker 2: So basically the Europeans are making five million more cars
15:05
Speaker 2: per year than people are buying that are at current
15:09
Speaker 2: prices anyway, So what do you do? Start cutting the price,
15:12
Speaker 2: then you're not making a profit or you've got a
15:15
Speaker 2: bigger problem. And the German car industry is saying we
15:18
Speaker 2: have a bigger problem. Volkswagen's cutting one hundred thousand jobs.
15:22
Speaker 2: There are protests happening across Germany about this right now.
15:25
Speaker 2: What they're going to do about it is anyone's guess,
15:28
Speaker 2: and there's no solid plan from this group that's come
15:30
Speaker 2: out to talk about it other than hey, this is
15:33
Speaker 2: a worry. This is a backbone of the German economy.
15:36
Speaker 2: Three million people directly are indirectly employed by it, and
15:39
Speaker 2: the Chinese are undercutting US twenty five after five, the
15:42
Speaker 2: ocr next five twenty eight. The problem with bashing the
15:46
Speaker 2: RBNZ in real time is that nobody really knows how
15:49
Speaker 2: badly they might have cot something up until well after
15:51
Speaker 2: the cocking has happened. There weren't many, though not none,
15:55
Speaker 2: chiding or for low rates until it was bleedingly obvious
15:58
Speaker 2: in the actual data and what Prince Harry would term
16:01
Speaker 2: lived experience that prices were on the March under the
16:05
Speaker 2: previous lot. The rbian's edits decided to hike. Now they'll
16:08
Speaker 2: probably do another one in September, assuming Trump's cease fire
16:11
Speaker 2: polls is just that, and beyond September it was pretty
16:14
Speaker 2: much anyone's guess. One argument is that they'll hike in September,
16:18
Speaker 2: hold in October ahead of the election in November, even
16:21
Speaker 2: though they shouldn't worry about it and then stick their
16:23
Speaker 2: finger in the air for December. Either way, we're heading
16:25
Speaker 2: towards either two point seventy five or three percent by Christmas.
16:29
Speaker 2: Most of this has been priced into wholesale r rates,
16:32
Speaker 2: so we shouldn't care too much unless you're on a
16:34
Speaker 2: floating The justification for the hike, as has been pointed
16:38
Speaker 2: out by a couple of economists, is easier to swallow now.
16:41
Speaker 2: For them to come out and say we're hiking now
16:43
Speaker 2: because the economy is on the up plus a bit
16:46
Speaker 2: of war pricing potential. That's a lot easier to stomach
16:49
Speaker 2: than that we're hiking now even though there's no growth.
16:52
Speaker 2: Welcome to stagflation Nation. Tony Alexander makes the point that
16:56
Speaker 2: the bank has been criticized in the past for hiking
16:58
Speaker 2: too late, leading is get away and then over correcting
17:02
Speaker 2: on rates, causing a recession. I like to think that
17:07
Speaker 2: he's right. I like to believe Tony's predictions, and I
17:09
Speaker 2: hope that they come true one maybe two little hits
17:14
Speaker 2: early on, which is where we are now, and then
17:18
Speaker 2: no need to overcorrect and crush ourselves later. In the piece,
17:22
Speaker 2: you're on news Talks eb it is twenty nine after five,
17:26
Speaker 2: we're stateside with Mitch mccahn.
17:27
Speaker 1: Next the Early Edition Full The Show podcast on iHeartRadio.
17:35
Speaker 1: Power by News Talks it B.
17:39
Speaker 4: News and Views you.
17:40
Speaker 1: Trust to start your day. It's Early Edition with Ryan
17:44
Speaker 1: Bridge and Spark for Business Technology that keeps business moving.
17:48
Speaker 2: News Talks EB. It is twenty four away from sixerre
18:00
Speaker 2: on News Talks. They'll be coming up. We'll head stateside
18:02
Speaker 2: with Mitch mccahn. Get the latest on the ceasefire. It's over.
18:05
Speaker 2: If you're just waking up, great news. What's it doing
18:08
Speaker 2: to the price of oil? What's it going to do
18:10
Speaker 2: to the price of petrol? That's our question for this morning.
18:12
Speaker 2: Brent crude is up. It was over eighty bucks a barrel.
18:15
Speaker 2: It's come back a little bit from there. At its peak,
18:18
Speaker 2: it was up eight percent overnight now about four point
18:21
Speaker 2: nine or roughly five percent. This is an increase on yesterday,
18:24
Speaker 2: by the way, not on pre war. Pre war are
18:27
Speaker 2: up now quite a bit. However, well we came down
18:30
Speaker 2: quite a bit, didn't we up until twenty four hours ago.
18:34
Speaker 2: US stocks are in the red overnight. Don't worry this
18:36
Speaker 2: a little change Trumps will have as little Tis and
18:39
Speaker 2: we'll move on. It's interesting watching the stocks though. Yesterday
18:42
Speaker 2: the AI stocks, well, people were saying, have they gone
18:44
Speaker 2: too far? And let's pull back, and some of the
18:46
Speaker 2: money was pulling back off of them, let's retreat into
18:49
Speaker 2: safer things like healthcare. And then and then the war
18:53
Speaker 2: pokes its head up again and people go, oh, let's
18:55
Speaker 2: respond to that. So we're basically oscillating at the moment
18:58
Speaker 2: between are we do we think AI is overpriced and
19:02
Speaker 2: then all the war? Do we think AI is overpriced?
19:05
Speaker 2: And then all the war. That's what the market's doing
19:07
Speaker 2: for the last couple of weeks. It is twenty three
19:09
Speaker 2: to six, Ryan Bridge, all lots of texts, Ryan, what
19:13
Speaker 2: is that text to talking about my solar system is
19:15
Speaker 2: fifteen years old, still going strong, five to seven year replacement.
19:20
Speaker 2: Sounds like a doing your own research sort of thing.
19:23
Speaker 2: This is interesting from Lisa Ryan. Good morning, morning, Lisa.
19:26
Speaker 2: Regarding solar panels and sunshine hours, I've just looked up
19:29
Speaker 2: the top twenty New Zealand locations. The interesting thing is
19:32
Speaker 2: there is a major variance across the list. The other
19:35
Speaker 2: interesting fact Wellington is two places ahead of Auckland in
19:39
Speaker 2: annual sunshine hours. I wouldn't have thought that, Lisa. I
19:43
Speaker 2: will take you at your word. Maybe load up the
19:46
Speaker 2: Caketon with solar panels after all. And another person here
19:49
Speaker 2: says on the we've been debating whether you can call
19:51
Speaker 2: it the Caketon anymore. After a few texts got angry.
19:54
Speaker 2: This person says, Ryan, you don't call it the Caketon
19:57
Speaker 2: only opens. Do we call it the stadium? Well that's
20:01
Speaker 2: good for you, but you're what stadium? You know for
20:04
Speaker 2: the rest of the county. Where are you talking about?
20:07
Speaker 3: It's like when you.
20:07
Speaker 2: Listen to talk back and someone says, oh, I'm down
20:10
Speaker 2: on Williamson Street. Where which part of New Zealand please?
20:16
Speaker 2: Twenty two to six Bryan Bridge, our reporters Callum and
20:20
Speaker 2: Dunedin Morning Callum wanting right, well, we're talking about forsythe Bar.
20:24
Speaker 2: We know where that is?
20:26
Speaker 10: We do?
20:27
Speaker 3: We do?
20:27
Speaker 2: Although it hasn't been used a lot lately. Our poor
20:30
Speaker 2: old stadium here.
20:31
Speaker 11: The venue has really struggled to attract major events in
20:34
Speaker 11: recent years, but it's about to host one of Dunedin's
20:36
Speaker 11: biggest community celebrations. Forsyth Bar Stadium will now host tomorrow's
20:41
Speaker 11: Martiniki Marpoo Arkifestival here. After all, the rain here this week,
20:45
Speaker 11: which is still falling, by the way, made the original
20:48
Speaker 11: outdoors sites unsafe, so it's been moved indoors to the stadium.
20:52
Speaker 2: It's a free event.
20:53
Speaker 11: The drone shows will still take place outside on the
20:57
Speaker 11: nearby fields. Organizers say the stadium's a safe, comfortable space
21:03
Speaker 11: for the community to come and celebrate Martiniki and Ryan.
21:06
Speaker 11: This comes as residents and leaders pushed for the stadium
21:08
Speaker 11: to be used more for these types of community events
21:11
Speaker 11: due to the lack of concerts and international sport here.
21:14
Speaker 11: There is a new stadium boss, Phil Kings's name. He's
21:17
Speaker 11: been reported as promising a quote golden era of events,
21:20
Speaker 11: fantastic on the on the way for Zanita here. How's
21:23
Speaker 11: your forecast today? Partly cloudy, few showers and eight is
21:26
Speaker 11: the high today?
21:27
Speaker 2: Nice one. Thank you Claires and christ this morning. Claire,
21:29
Speaker 2: good morning. I cannot wait for you to tell me
21:31
Speaker 2: about the Canterbury Provincial Council buildings.
21:34
Speaker 10: That's one of those things that no one knows what
21:36
Speaker 10: on earth they are, but council has now opened expressions
21:39
Speaker 10: of interest for what to do with the quake damaged buildings.
21:42
Speaker 10: They've obviously sat pretty untouched since the twenty eleven quakes.
21:45
Speaker 10: General Manager of Citizens in Community Andrew Rutledge says the
21:48
Speaker 10: buildings are a unique asset and they were previously used
21:51
Speaker 10: for many commercial purposes. They now want to look at
21:54
Speaker 10: what to do with them in the future. They're looking
21:56
Speaker 10: for these expressions of interest right through until next month.
22:00
Speaker 2: How's your weather clear?
22:01
Speaker 12: I'm at a.
22:01
Speaker 10: Rainbolt today, southerlyas gusty and the high will be eight.
22:04
Speaker 2: You enjoy yourself a nice long weekend to beus in Wellington.
22:07
Speaker 2: Hate to bes morning, Ryan, I call it the cake
22:10
Speaker 2: tin affair.
22:10
Speaker 13: Helps.
22:11
Speaker 2: Oh, there we go, and are you from Wellington or
22:13
Speaker 2: did you move there for work?
22:14
Speaker 14: Born and raised?
22:15
Speaker 2: Oh fantastic, there we go, offending no one. How's the
22:19
Speaker 2: more point situation going? So there was an overflow within
22:23
Speaker 2: a day of the whole meltdown?
22:25
Speaker 14: Yes, So this is from an incident report released to
22:28
Speaker 14: news Talks. They'd be under the local government Official Information
22:31
Speaker 14: and Meetings Act. It shows crews were forced to abandon
22:34
Speaker 14: work after a high flow alarm was triggered on February
22:37
Speaker 14: the third.
22:38
Speaker 12: So.
22:38
Speaker 14: It reported wastewater was flowing from an isolated channel undergoing maintenance.
22:42
Speaker 14: A consultant then wrote that teams took lunch and monitored
22:45
Speaker 14: the conditions to see if flows would cecil, but they
22:48
Speaker 14: didn't and the decision was made to shut the site down,
22:51
Speaker 14: with works finishing at four pm. Less than twelve hours later,
22:54
Speaker 14: the plant flooded, which caused the tens of millions of
22:57
Speaker 14: dollars of damage, sending raw, untreated wastewater into the city
23:00
Speaker 14: south Coast, a new water entity Tiaki wide. They haven't
23:04
Speaker 14: responded to our request for interview.
23:06
Speaker 2: How's your weather.
23:07
Speaker 14: It's not nice out there today. Periods of heavy rain,
23:10
Speaker 14: southeastly is gusting around one hundred kilometers an hour and
23:12
Speaker 14: nine degrees are high.
23:13
Speaker 2: Enjoy the cake ten This weekend to be a sneva
23:16
Speaker 2: in Auckland. Good morning, never morning. Train's not running for
23:19
Speaker 2: the rest of the week.
23:20
Speaker 15: Yes, correct. Now, this is going to make way for
23:23
Speaker 15: the City rail Link dress rehearsal, dinner and network upgrades
23:26
Speaker 15: as well. So what's going to happen from today through
23:28
Speaker 15: to the long weekend. More work is going to be
23:31
Speaker 15: done towards the CRL opening, the date still to be
23:34
Speaker 15: confirmed as we all know, and the safer level crossings also.
23:37
Speaker 15: It will include you know, work on the new station bridges,
23:39
Speaker 15: trek renewals and year and a few other things. At
23:43
Speaker 15: says that they're also going to be running today the
23:46
Speaker 15: full Monday to Friday structure for one day only today,
23:49
Speaker 15: just to give you know, the four hundred staff a
23:52
Speaker 15: final opportunity, you know, to get to grips with what
23:54
Speaker 15: they're going to be doing when it all opens.
23:56
Speaker 2: Well, hopefully all Run's plan was it does open. How's
23:59
Speaker 2: our weather, parly cloud?
24:00
Speaker 15: A few shells from late morning are fourteen the high
24:03
Speaker 15: here in Auckland's.
24:04
Speaker 2: Yeah, but you enjoy yourself a nice long weekend role.
24:06
Speaker 2: As they'd break for you eighteen minutes away from six
24:08
Speaker 2: year on news talks, they'd be very quickly high necked.
24:10
Speaker 2: The South Korean memory chip maker, we've spoken about them
24:13
Speaker 2: a couple of times because while they're just going gangbusters,
24:17
Speaker 2: and they on Friday listed on the Nasdaq in America
24:22
Speaker 2: apparently several times over subscribed. This listing was and hoping
24:27
Speaker 2: to raise around twenty eight billion dollars, which would make
24:30
Speaker 2: this the largest ever initial listing by a foreign company
24:35
Speaker 2: in US history. Shows you the power of the chip
24:37
Speaker 2: seventeen to six as online threats continue to evolve, so
24:42
Speaker 2: does the way that Spark helps stop them. Spark works
24:45
Speaker 2: quietly behind the scenes. You won't hear them, you won't
24:47
Speaker 2: see them. They work around the clock, though, to identify
24:50
Speaker 2: and block millions of online threats before they even reach
24:53
Speaker 2: their customers, which is exactly what you want them to do.
24:55
Speaker 2: Protecting your business from online threats isn't just a nice
24:58
Speaker 2: to have anymore. It's an assess. Spark provides network protection.
25:02
Speaker 2: This is backed by one hundred cybersecurity specialists. They've got
25:05
Speaker 2: an SMS firewall that helps to block the scam text
25:09
Speaker 2: before they come to you. Great works with a range
25:12
Speaker 2: of industry and government organizations to identify and block the threats.
25:15
Speaker 2: They also offer a range of products and services to
25:18
Speaker 2: help protect your business. Whether you're managing workloads and the cloud,
25:21
Speaker 2: connecting IoT services, or relying on secure connectivity to keep
25:25
Speaker 2: your terms your teams I should say online. Spark offers
25:28
Speaker 2: solutions and expertise to help protect what matters most. They're
25:32
Speaker 2: working quietly behind the scenes to keep your business moving.
25:35
Speaker 2: Join the network helping to protect New Zealand businesses. If
25:38
Speaker 2: you haven't looked at Spark for business already, now's the time.
25:41
Speaker 1: International correspondence with ends and eye insurance, feace of mind
25:45
Speaker 1: for New Zealand business.
25:48
Speaker 2: Right, just got to Mitch mccan stateside for US fourteen
25:50
Speaker 2: minutes away from six Trumps being speaking on around this
25:53
Speaker 2: is at NATO.
25:54
Speaker 3: Everything's gone. The leaders are gone. At Leaders they're gone.
25:58
Speaker 3: And they had another set of leaders. They're gone. Now
26:00
Speaker 3: they have another sat leaders there maybe going who knows,
26:04
Speaker 3: And you know what I may be going to because
26:07
Speaker 3: I'm their number one target. It's all over the place.
26:10
Speaker 3: I'm the number one because they're scum. That's the way
26:12
Speaker 3: they act.
26:13
Speaker 2: Right, Let's go to Mitch. Now, Mitch, is this a blitz?
26:15
Speaker 2: Ceasefires over for now? Is this a blip or you know,
26:18
Speaker 2: is it going to be back to war?
26:21
Speaker 12: Well, it's hard to know, Ryan, because it's constantly back
26:23
Speaker 12: and forth with Donald Trump. What we expected was that
26:26
Speaker 12: he would make a series of strong statements about NATO,
26:28
Speaker 12: Wilen Turkey, But perhaps we did not expect that he
26:31
Speaker 12: would all but rip up the ceasefire agreement and restart
26:34
Speaker 12: this war. In the last ninety minutes, Ryan, Donald Trump
26:37
Speaker 12: has called Iran evil, sick people, scum, liars and cuckoo,
26:42
Speaker 12: and the reason this is flaring up again is that
26:43
Speaker 12: Washington sees Iran struck three innocent commercial vessels in the
26:47
Speaker 12: strain of will moves, so they responded by launching a
26:50
Speaker 12: series of strikes against Iran overnight. Now the markets here
26:53
Speaker 12: are reacting that Dow Jones has dropped six hundred points
26:56
Speaker 12: in the last couple of hours, Brent cruders back towards
26:58
Speaker 12: eighty dollars a barrel, and Ryan. The important thing to
27:01
Speaker 12: watch next is what decisions Donald Trump makes about more strikes.
27:05
Speaker 12: He said that he will probably hit a run hard
27:08
Speaker 12: again tonight, and that he told his officials don't touch
27:10
Speaker 12: the oil because maybe we'll take over carg Island.
27:13
Speaker 3: Now.
27:13
Speaker 12: Carg Island is the seaport that handles up to ninety
27:16
Speaker 12: percent of Iran's oil exports.
27:19
Speaker 2: What about Leaning Tower or apartment block in New York City?
27:24
Speaker 2: What's happening?
27:25
Speaker 12: Yeah, this is a large building that's a commercial building
27:28
Speaker 12: being transformed into a residential building. Emergency services were called
27:32
Speaker 12: yesterday when bricks were reported to be falling from it.
27:35
Speaker 12: It turned out that two still beams on the twenty
27:37
Speaker 12: first floor had buckled, which led to concerns of a
27:40
Speaker 12: partial collapse. Now they've been in the overnight and today
27:43
Speaker 12: they say they've stabilized the building timborarily, but many streets
27:48
Speaker 12: and buildings have still been evacuated and caughted off here
27:50
Speaker 12: in midtown Manhattan, and that means for thousands of people
27:54
Speaker 12: they can't go back inside, including tourists who are on
27:56
Speaker 12: holiday here who can't get their passports in their bags
28:00
Speaker 12: to make their flights home. So officials are confident it's
28:02
Speaker 12: been stabilized, but many questions over this building in the
28:06
Speaker 12: long term run.
28:07
Speaker 2: All right, Mitch, thank you. Mitch McCann our US correspondent.
28:09
Speaker 2: Time is eleven away from six Bridge, brich So the
28:13
Speaker 2: Reserve Bank. This is before obviously Trump through the ceasefire
28:16
Speaker 2: in the bin. However, yesterday they have hike twenty five
28:19
Speaker 2: bases points up to two and a half percent. His
28:21
Speaker 2: art of Bremen.
28:22
Speaker 13: Some of the effects from the conflict are still there
28:24
Speaker 13: and they will linger for some time.
28:26
Speaker 2: So there's a risk here that we get more persistence
28:29
Speaker 2: and inflation. Lectathely with us saying spechief economists, Nick, good morning,
28:33
Speaker 2: good morning. I mean, this is the thing. You're making judgments,
28:36
Speaker 2: and you're making calls and line wall calls in the
28:39
Speaker 2: midst of a war and a very shaky ceasefire.
28:43
Speaker 13: Yes, it doesn't help, and it's one of the things
28:47
Speaker 13: that Reserve banks had to grapple worth was the last
28:49
Speaker 13: three decisions that it has made, where it's done it
28:52
Speaker 13: with this cloud of war and uncertainty hanging over it.
28:56
Speaker 2: So what do they do next? Do you reckon another
28:58
Speaker 2: hike still in September and then crouch, pause and hold
29:02
Speaker 2: and see what happens after the election or what.
29:06
Speaker 13: We do think the Reserve Bank will steadily lift interest
29:09
Speaker 13: rates over the rest of the year, so that would
29:11
Speaker 13: get the Reserve Bank and it's cashtraight back to three
29:15
Speaker 13: hundre quarter percent by the end of the year. But
29:17
Speaker 13: we do think there is a risk that they do
29:19
Speaker 13: pause along the way, but it's having done one and started,
29:23
Speaker 13: we do think it's very likely that they'll follow through
29:25
Speaker 13: in September and then they can keep looking at the
29:29
Speaker 13: lay of the land and work out the pace of
29:32
Speaker 13: which to titan after that.
29:33
Speaker 2: Because obviously the election is in November and they're not
29:35
Speaker 2: meant to pay attentions to elect they're meant to be
29:37
Speaker 2: sort of agnostic. Who cares. We will do what we
29:40
Speaker 2: will do regardless of an election, but dip down, they
29:42
Speaker 2: must have it quite firmly in the back of their mind.
29:47
Speaker 13: Well, at the end of the day, the Reserve Bank's
29:50
Speaker 13: got a clear job to do, and what we have
29:52
Speaker 13: seen in the pastes is that the Reserve Bank will
29:55
Speaker 13: do what it thinks is the right thing to do
29:57
Speaker 13: for its inflation target. It's already started lifting interest rates,
30:00
Speaker 13: so you know, any political sensitivity around that, whether it
30:04
Speaker 13: to start that or not, is already already out the window.
30:06
Speaker 13: So they'll respond to what they see. By the time
30:09
Speaker 13: you get through to the September window, we'll have had
30:11
Speaker 13: some inflation data, but we still won't know how the
30:13
Speaker 13: economy fared over that sort of second quarter which is
30:16
Speaker 13: now just behind us. So they will also be wanting
30:18
Speaker 13: to see what signs of life we're getting out of
30:21
Speaker 13: the economy, because that's the thing we've hit the pause button.
30:24
Speaker 13: We are seeing some early good signs of consumer confidence,
30:28
Speaker 13: business confidence picking up, but we still won't know quite
30:33
Speaker 13: what that strength of recovery is going to be like
30:35
Speaker 13: and how that will influence inflation as well.
30:37
Speaker 2: Nick Touughly asb chief economists with us this morning time
30:39
Speaker 2: is nine minutes away from six of course, there are
30:41
Speaker 2: plenty of people texting in the program right now saying
30:43
Speaker 2: that it is way too really to be hiking rates.
30:47
Speaker 2: As Nick just said, Yeah, confidence has been up, but
30:49
Speaker 2: then confidence was down in the last surveys because of
30:52
Speaker 2: what's happened in the Middle East. It's up and down
30:54
Speaker 2: and up and down, and the recovery doesn't feel like
30:56
Speaker 2: it's happening yet, even though on a numbers basis that
30:59
Speaker 2: is and while and then probably is again now now
31:03
Speaker 2: is not the time to be hiking rates. But that
31:04
Speaker 2: is not the Reserve Bank's concern, isn't it the Reserve Bank?
31:08
Speaker 2: It is looking at one number, and basically one number
31:10
Speaker 2: only in that's inflation. Eight to six MinC.
31:13
Speaker 1: Next Ryan Bridge on early edition with Spark for Business
31:18
Speaker 1: Technology that keeps Business Moving News TALKSB.
31:21
Speaker 2: It is six to six News TALKSB. So both parties
31:24
Speaker 2: National and Labor been accused of faking a podcast in
31:28
Speaker 2: their election advertising campaigns. This is some of the goal
31:32
Speaker 2: that you get from the fake podcasts.
31:33
Speaker 7: It don't improve education for kids by cutting the number
31:37
Speaker 7: of people who are supporting schools to do a really
31:39
Speaker 7: good job of educating our kids. Here, that's exactly what
31:42
Speaker 7: this government have been trying to do.
31:44
Speaker 16: Costs one point two million dollars to build a classroom,
31:47
Speaker 16: a standard classroom in New Zealand. Now that's more expensive
31:50
Speaker 16: than the average.
31:51
Speaker 4: House in this country.
31:52
Speaker 16: And by standardizing the designs, by fixing the basics, by
31:55
Speaker 16: better management, we've been able to have the cost of
31:58
Speaker 16: the class.
31:59
Speaker 2: As a story out complaining about this because it sort
32:02
Speaker 2: of looks like someone's interviewing them when it's really an
32:04
Speaker 2: in house thing and probably one of their staff is
32:06
Speaker 2: interviewing them. A big deal, who cares not? Really? It
32:10
Speaker 2: is five two.
32:11
Speaker 4: Ryan Bridge, Ryan, how, I very well? Thank you?
32:16
Speaker 17: Do you reckon that coat? Which is a nice can
32:18
Speaker 17: I just say for people not watching online? And I
32:20
Speaker 17: assume there's several of them, it's it's what you'd call
32:24
Speaker 17: a camel.
32:25
Speaker 2: You like it very much?
32:26
Speaker 17: So my husband hates that terrible color we see see
32:29
Speaker 17: now there's so I wanted a camel jacket for years
32:33
Speaker 17: and have been prevented from it because my wife says
32:37
Speaker 17: it doesn't suit my complexion.
32:38
Speaker 2: Wish she's got a point. You're maybe a little pale.
32:42
Speaker 4: Do you think so? I look?
32:47
Speaker 17: So you would agree with it because it's one of
32:48
Speaker 17: it's one of those staples in a wardrobe.
32:50
Speaker 4: Yeah, you might think, I think you mean to have
32:52
Speaker 4: a bit of a bit of a tan bit of color.
32:56
Speaker 2: But I mean, I don't know. My husband thinks it's
32:58
Speaker 2: a terrible color on me. But I like the shape.
33:01
Speaker 4: Do you like the shape of the shape of It's good?
33:02
Speaker 3: Is it?
33:03
Speaker 4: Did you get it made?
33:04
Speaker 2: Or is it just? Do you know where this is from?
33:05
Speaker 2: It's about seven years old? Zara? Of course it is.
33:10
Speaker 16: Yeah.
33:10
Speaker 4: Are you do you shop at Zara with pride?
33:12
Speaker 2: Well? I don't stop there anymore. I find the clothes
33:14
Speaker 2: now a little bit too small. There's a lot about
33:18
Speaker 2: what's half my physical.
33:21
Speaker 4: What's happened there?
33:22
Speaker 17: Nikola, Willis and Bramman yesterday? Were you a holder of
33:25
Speaker 17: a hiker?
33:26
Speaker 8: I was? I was.
33:28
Speaker 2: I'm not sure.
33:29
Speaker 4: You weren't sure? I no, you don't want to be
33:31
Speaker 4: on the fence.
33:32
Speaker 2: I mean, and my gut was like, they need to
33:34
Speaker 2: probably do a little get one under the belt. But
33:37
Speaker 2: then your heart says, don't don't kick us while we're down.
33:41
Speaker 4: That's my view too.
33:42
Speaker 14: Yeah.
33:43
Speaker 17: See what I found most surprising is and no one
33:45
Speaker 17: picked us up yesterday. It was consensus folk. Yeah, everyone,
33:48
Speaker 17: So the market wasn't a consensus. Market was divided. So
33:52
Speaker 17: if the market's divided, why isn't the committee divided? See
33:55
Speaker 17: now that's an interesting point, isn't it? With the governor
33:59
Speaker 17: this morning on the program.
34:00
Speaker 2: And do you know what you should get for doing that?
34:01
Speaker 2: The Camel Coach Tuesday.
34:08
Speaker 1: For more from Early Edition with Ryan Bridge. Listen live
34:11
Speaker 1: to News Talks it'd be from five am weekdays, or
34:14
Speaker 1: follow the podcast on iHeartRadio.