Latest / Early Edition with Ryan Bridge / Full Show Podcast: 27 May 2026

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Full Show Podcast: 27 May 2026 · Early Edition with Ryan Bridge

0:00
Speaker 1: The issues, the interviews and the insight. Ryan Bridge on
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Speaker 1: an early edition with Spunk for business technology that keeps
0:08
Speaker 1: business moving, news talks, there'd be good morning.
0:11
Speaker 2: Six halfter five. Great to have your company. Trump's going
0:14
Speaker 2: to camp David, what does that mean for Iranalds? How
0:16
Speaker 2: do you possible speak to a bank boss about the ocer?
0:18
Speaker 2: Gavin's in the UK? For us, we've got a criminal
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Speaker 2: lawyer on the remand numbers in prison going through the
0:24
Speaker 2: roof randomly. No one can really explain why. Perhaps Steve
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Speaker 2: Cullen can, he's a criminal lawyer. At six half to
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Speaker 2: five the Agenda day the twenty seventh of May, Marco
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Speaker 2: Rubio says a piece still could be coming quote in
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Speaker 2: a few days.
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Speaker 3: I think that like anything with something like this, and
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Speaker 3: it's going to take a.
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Speaker 4: Couple of days to settle on even down to the
0:45
Speaker 4: disagreements over a word sentence.
0:48
Speaker 3: So we'll have to walk through that.
0:50
Speaker 4: There's going to be a deal.
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Speaker 3: We're going to have to work through that.
0:52
Speaker 4: But this is you know, it's either going to be
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Speaker 4: a good deal or there isn't going to be one.
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Speaker 2: Well, I mean it sounds likely close, doesn't it, But
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Speaker 2: we sort of have heard this before. Iran says the
1:01
Speaker 2: US has committed a gross violation with those strikes.
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Speaker 5: Yesterday the Iranian forces attacked a drone which was operating
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Speaker 5: in the area and also an F thirty five fighter jet.
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Speaker 5: But it's not the first time the ceasefire has been
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Speaker 5: violated in this way. But clearly the Americans are very
1:17
Speaker 5: intent on saying this was just self defense.
1:19
Speaker 4: On we go.
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Speaker 2: Now, interesting little tidbit for you this morning in Iran
1:23
Speaker 2: Internet it's been out for basically three months now. It
1:26
Speaker 2: is starting to be restored, so that may tell you
1:29
Speaker 2: something about what's going on. Starma UK He's going to
1:32
Speaker 2: take quote decisive action. He's always all about decisive action
1:36
Speaker 2: as our Starma. This is the social media and children
1:38
Speaker 2: apparently worse for you if you are exposed to it
1:41
Speaker 2: all the time than smoking, he said.
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Speaker 6: They will definitely be doing something that we've heard that before,
1:47
Speaker 6: that we'll see. I say, I think we've walked away
1:51
Speaker 6: known we've literally just laid it all out on the table.
1:54
Speaker 6: I've had my concerns. I think everyone has. I think
1:58
Speaker 6: I have. I don't think we've walked away thinking I
2:00
Speaker 6: wish I said that. I think we had enough time
2:01
Speaker 6: to get a point across and actually to talk about
2:04
Speaker 6: our children.
2:05
Speaker 2: No longer here right, BP chairman fired immediately. Albert Manifolder's
2:10
Speaker 2: name once he Dunn, apparently bullying and overbearing behavior.
2:13
Speaker 7: Is only appointed last summer. To what I understand from
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Speaker 7: talking to people close to the company is that mister
2:21
Speaker 7: Manifold has effectively been ousted for exhibiting what was described
2:26
Speaker 7: as aggressive behavior. His demeanor towards colleagues was regarded as
2:32
Speaker 7: being unacceptable.
2:34
Speaker 2: Finally, this morning, Ferrari's unveiled first fully electric car, a
2:37
Speaker 2: million Bucks called luke Cha. It's ugly. Well, that's what
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Speaker 2: people are saying about it taking half a decade to
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Speaker 2: develop a brand's first ev of five seater as well.
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Speaker 8: In a fascinating move, Ferrari Hard creative agency Love From
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Speaker 8: to do the exterior and interior design that's headed by
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Speaker 8: former Apple Chief Design Officer Sir Jonathan and I Cool
2:59
Speaker 8: finded design legend Mark. Can you some creative types like
3:03
Speaker 8: to call this sort of thing contamination? Ferrari describes it
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Speaker 8: as an unconventional, multidisciplinary perspective.
3:13
Speaker 3: News and Views you trust to start your day. It's
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Speaker 3: early edition.
3:17
Speaker 1: With Ryan Bridge and Spark for business technology that keeps
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Speaker 1: business moving.
3:22
Speaker 3: Confused talks, they'd be nine.
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Speaker 2: Nine two is the number to text. Would love to
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Speaker 2: know if you've seen the photo. It's up on our
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Speaker 2: website at the moment. But to me it looks like,
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Speaker 2: I mean, all ferraris kind of look like toys, like
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Speaker 2: little toy cars, don't they. I mean they are small
3:34
Speaker 2: to begin with, but this one in particular looks like
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Speaker 2: a toy car that you might get from McDonald's Happy Meal,
3:41
Speaker 2: or like the bottom of a bag of cereal or
3:44
Speaker 2: something like that. Not particularly catching or fetching anyway, I'm
3:48
Speaker 2: sure Mike will have views on that later on Louise
3:50
Speaker 2: Upstin now she's in a bit of hot water at
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Speaker 2: the moment because she's taking the fifty thousand dollars that
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Speaker 2: she's entitled to for her accommodation cover the costs in Wellington.
4:01
Speaker 2: But she owns the place and there's no mortgage on it.
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Speaker 2: So all the journalists are saying, well, you're basically just
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Speaker 2: pocketing fifty thousand dollars. This is just a perk. It's
4:10
Speaker 2: extra salary essentially, is what it is. And she's saying, well,
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Speaker 2: I'm entitled to it. Every MP is entitled to it.
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Speaker 2: There's only about five or six MPs currently in Parliament
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Speaker 2: who own their own home in Parliament and also have
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Speaker 2: no mortgage on it. The rest of them have a mortgage. Now,
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Speaker 2: my question to Louise Upstin is simple, why not keep
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Speaker 2: a tiny mortgage on your home just because you don't
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Speaker 2: They don't give a mounce and the Register of Pecuniary
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Speaker 2: Interest it doesn't say, oh, you know a million dollar mortgage.
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Speaker 2: It just says our mortgage. So just have a ten
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Speaker 2: thousand dollars mortgage on it, you know, And then all
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Speaker 2: the journalists will think, oh, well she's paying interest on
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Speaker 2: the anyway, on the mortgage. The problem is this labor
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Speaker 2: is coming out and saying and this is a perk
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Speaker 2: that John Key changed. So it used to be it
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Speaker 2: wasn't bulk funded. It was done on receipts. So you
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Speaker 2: go and say, oh, this is my rent, this is
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Speaker 2: my electri city, this is my power bill, this is
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Speaker 2: my internet costs, and you would be reimbursed. And John
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Speaker 2: Key said that's too complicated. Let's bulk fund. You get
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Speaker 2: fifty k if you're in cabinet, and so that's what
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Speaker 2: they do.
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Speaker 4: Now.
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Speaker 2: The problem of course, is if you own your home,
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Speaker 2: then you're not paying any interest on your mortgage or
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Speaker 2: not paying a mortgage, and therefore you're just pocketing the money.
5:19
Speaker 2: And some people say that's unfair, especially if you're cutting
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Speaker 2: back entitlements for poor people.
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Speaker 9: Right.
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Speaker 2: So the problem that Labour has Labour now coming out
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Speaker 2: and saying oh, yes, well that seems unfair and we
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Speaker 2: better do something about it is Willie Jackson. Willie Jackson
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Speaker 2: is doing exactly what Louise Upston is doing, owns his
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Speaker 2: home outright in Wellington, taking from the government teat and
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Speaker 2: actually quite happy to do that. Bach Fly in the
5:46
Speaker 2: ointment we would call that News Talk said, be coming
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Speaker 2: up next. Remember that my health portaled the private data
5:53
Speaker 2: that was It was a shamozzle is what it was,
5:56
Speaker 2: security breach. People's data was online. Healthy z is fronting
6:01
Speaker 2: up this morning because the Privacy Commissioners come out and
6:03
Speaker 2: said something about this. So my question is if you
6:08
Speaker 2: talk to your doctor or you go to hospital and
6:10
Speaker 2: you have a chat to them, they're writing stuff down,
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Speaker 2: where does that go and who has access to that?
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Speaker 2: That's next.
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Speaker 10: News Talks edb the first word on the News of
6:22
Speaker 10: the Day early edition with Ryan Bridge and Spark for
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Speaker 10: business technology that keeps business moving News Talks edb fourteen.
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Speaker 2: After five Ryan did and lux and get flack for
6:34
Speaker 2: owning his apartment, so he got rid of it, says
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Speaker 2: Andy Andy. Yes, he did get flack for owning that apartment. Well,
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Speaker 2: he got flat for taking the accommodation supplement or the
6:42
Speaker 2: accommodation allowance while owning the apartment. And remember he was
6:45
Speaker 2: waiting for premier house to get renovated, put some new
6:48
Speaker 2: carpets in, get some new curtains in, and once that happened,
6:52
Speaker 2: he got rid of the apartment. He still owns. I
6:54
Speaker 2: think he still owns one in Auckland his like the
6:57
Speaker 2: house that he lives in with his family family home,
6:59
Speaker 2: the Batch, and I think one other investment property in Aucklymit.
7:03
Speaker 2: Apart from that, he's basically offloaded. Quarter past five, Ryan Bridge.
7:08
Speaker 2: Remember to manage my health cyber stuff the stuff up,
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Speaker 2: Privacy Commissioner says Health in ZI to manage my health
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Speaker 2: failed to protect our data. Not enough security Safeguard says
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Speaker 2: the whole of Health in ZED and our needs basically
7:18
Speaker 2: to clean up its za's Bevan Mackenzie, chief financial Officer
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Speaker 2: at Health Insen joins me this morning, Hey Bevan, good morning.
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Speaker 2: Right bit of a cock up, wasn't it. Did you
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Speaker 2: find out where the data went or who took it.
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Speaker 11: Of the First thing to say here, Ryan, is that
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Speaker 11: people rightly expect their health information to be really well secure.
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Speaker 11: That didn't happen sufficiently in this case. Health New Zealand
7:42
Speaker 11: recognizes that and apologizes to people impacted by it. That
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Speaker 11: cyber actor is one of many, Ryan, They're increasingly sophisticated.
7:51
Speaker 11: We need to be increasingly vigilant.
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Speaker 2: Do we know who they are?
7:55
Speaker 11: There's been a lot of work done on that. That's
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Speaker 11: not really for Health New Zealand to comment. What we're
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Speaker 11: really focused on, Ryan, is there are a lot of
8:02
Speaker 11: key recommendations and these reports about how we get better
8:05
Speaker 11: at improving the security of Kiwi's health information.
8:08
Speaker 2: Yeah, fair enough, we'll come to that in a second.
8:10
Speaker 2: But do you know who it is or not?
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Speaker 11: Again, there was a good work done on that. That's
8:16
Speaker 11: that's not really for Health and Zealand to comment.
8:19
Speaker 3: Why not security?
8:20
Speaker 2: I mean, why not that the health information is our
8:23
Speaker 2: health information, your health New Zealand. It seems reasonable for me,
8:26
Speaker 2: if you know who did this, you would tell us
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Speaker 2: who it is. I mean, where are they from?
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Speaker 11: Again? That's that's information that's been widely reported Ryan. What
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Speaker 11: Health and Zealand is what we're focused on.
8:38
Speaker 4: What was that?
8:41
Speaker 11: Again? We're very focused on protecting Kiwi's health information.
8:44
Speaker 2: But wouldn't it be good for good to know where
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Speaker 2: the people who are taking the information are coming from
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Speaker 2: if you're going to protect us from them.
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Speaker 11: Well, this actor, Ryan, was one of many who seek
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Speaker 11: to get access to health information. It really is a
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Speaker 11: wake up call to ensure that the security that's in
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Speaker 11: place is top notch. And what these reports have found
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Speaker 11: that wasn't the case. And you know a lot of
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Speaker 11: Northlanders in particular, we're affected by that. Ryan.
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Speaker 4: We need to do.
9:11
Speaker 11: Better and ensuring that that health information is absolutely secure.
9:14
Speaker 2: Against is it secure right now?
9:18
Speaker 11: I think what these reports show is that there's been
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Speaker 11: a lot of improvements made. Health New Zealands invested significantly
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Speaker 11: in its cyber over the past few years. We have
9:26
Speaker 11: a twenty four to seven National Security Operations Center. We
9:30
Speaker 11: spent about fifty million dollars per year on our cybersecurity.
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Speaker 11: The reports say that there are a lot of improvements
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Speaker 11: made both by Health and Zealand also by Management Health
9:39
Speaker 11: and by the primary care sector that we work closely with.
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Speaker 11: The reports also say that there's more that needs to
9:45
Speaker 11: be done and it's important that it is.
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Speaker 2: Even I'm not asking what the report's saying. I'm asking
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Speaker 2: you is our data safe right now or not?
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Speaker 11: We think keys can have confidence in that, Ryan, do
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Speaker 11: you have coppident?
9:59
Speaker 12: Yes?
9:59
Speaker 4: Absolutely?
10:01
Speaker 2: Well can I just ask what happens vivin if I
10:04
Speaker 2: tell my doctor something, or I go to hospital and
10:06
Speaker 2: I have a conversation with the surgeon or whatever. That
10:09
Speaker 2: stuff's often recorded. It's often recorded by AI. Where does
10:13
Speaker 2: it go and how many people or how many different
10:15
Speaker 2: organizations will be able to view it?
10:18
Speaker 11: Well, the main ones of you, obviously your local GP, GPS,
10:22
Speaker 11: work with patient portals manage my health is one that
10:26
Speaker 11: simple others That information is subject to really clear standards
10:32
Speaker 11: about how it needs to be treated. One of the
10:34
Speaker 11: things these reports find though, is that there's better assurance
10:37
Speaker 11: it's needed that those standards are being regularly assessed and
10:41
Speaker 11: upheld by anyone who gets that health information right.
10:45
Speaker 2: So so if I go to the hospital talk to
10:47
Speaker 2: the doctor, there the only other person that would see
10:50
Speaker 2: that as my GP. No one else is able to
10:52
Speaker 2: access that data.
10:55
Speaker 11: Yeah, there are really clear rules around who can get
10:57
Speaker 11: access to that data. We take that responsibility very seriously.
11:01
Speaker 2: Right again, Bevin, Sorry, just to clarify, who are the
11:05
Speaker 2: people that are allowed to look at it?
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Speaker 11: Yeah, it's your health professional, Ryan. And then when there
11:11
Speaker 11: are third parties portals for example, there are really clear
11:15
Speaker 11: rules around how that data can be accessed and how
11:18
Speaker 11: it can be.
11:19
Speaker 4: How it can be used.
11:20
Speaker 2: So how many third party portals are there?
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Speaker 11: Oh, there are a handful of third party portals in
11:26
Speaker 11: New Zealand. Ryan managed my Health obviously as one of them.
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Speaker 11: There are a few others. They play a really important
11:32
Speaker 11: role in the sector. They improve the way keywis can
11:34
Speaker 11: get access to their data. But it's got to be
11:37
Speaker 11: safe and these reports again say that there's more that
11:40
Speaker 11: need to be done to ensure that.
11:41
Speaker 4: That's the case.
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Speaker 2: I appreciate your time this morning, Bevin McKenzie, Health n
11:44
Speaker 2: Z Chief Financial Officer. Time is nineteen after five. Y're
11:47
Speaker 2: on News Talks ZB.
11:49
Speaker 1: Get ahead of the Headlines on early edition with Ryan
11:53
Speaker 1: Bridge and Spunk for Business Technology that Keeps Business Moving
11:57
Speaker 1: News Talk ZB five two.
11:59
Speaker 2: Ryan, who is health in Z guy? Think he is
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Speaker 2: they lost my data, apologize for it, but now refuse
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Speaker 2: to tell me who the hell took it. Classic public
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Speaker 2: sector spin and b Yes, Ryan health in z's job
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Speaker 2: is to protect my data and privacy, not protect the
12:12
Speaker 2: privacy of the people trying to nick it, says Nikola.
12:15
Speaker 2: I couldn't agree more. Another says this is gobbledegirk, and
12:19
Speaker 2: another says he clearly doesn't know who they are. Someone
12:21
Speaker 2: else saying, ask him if he prefers a duck or
12:23
Speaker 2: a horse. Clearly he's had media training from the same place.
12:26
Speaker 2: Labe at it, Ryan Bridge, right, your on news talk said,
12:29
Speaker 2: be something weird happening with romand prisoners. The ones locked
12:32
Speaker 2: up and waiting trial numbers fell for the first three
12:35
Speaker 2: quarters of last year, then randomly jumped by four hundred
12:38
Speaker 2: and fifty by the end of March this year. Almost
12:40
Speaker 2: all growth in prisoner numbers over that period was remand
12:44
Speaker 2: Steve Cullen, criminal lawyer, with us this morning, get a Steve,
12:47
Speaker 2: good morning. What's going on here?
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Speaker 12: Well, the figures aren't that easy to interpret. One of
12:54
Speaker 12: the contributing factors must be, of course, if you have
12:57
Speaker 12: a particular group coming through who are facing quite serious
13:01
Speaker 12: charges and they are placed on remand, and then they
13:04
Speaker 12: start committing offenses whilst they're on remand, failing to comply
13:09
Speaker 12: with their bowel conditions and such light or reoffending whilst
13:13
Speaker 12: they're on romand. Then those ones will be removed from
13:16
Speaker 12: romand and placed in custody. That can affect the way
13:20
Speaker 12: the figures are interpreted. You can get a particular cohort
13:22
Speaker 12: come through who are non compliant with the law and
13:25
Speaker 12: non compliant with the judicial system, and they can skew
13:28
Speaker 12: the figures. But at the moment it's too early to
13:30
Speaker 12: really understand just why this is.
13:32
Speaker 2: Happening random because how many people would be reminded on
13:36
Speaker 2: bail versus remanded at home.
13:40
Speaker 4: Oh, that's a Johnny good question.
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Speaker 12: That to fluctuate from year to year depending upon the
13:44
Speaker 12: nature of the offending that allegs togainst the particular people.
13:49
Speaker 4: You can have particular crimes that become.
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Speaker 12: Flavor of the month, as we all saw over the
13:53
Speaker 12: last four or five years with ramraids and then motorcycle offending.
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Speaker 12: You can just have particular community of emphasis on particular crimes.
14:04
Speaker 12: So it's difficult to say.
14:07
Speaker 2: Very unusual gotten any wild hot takes. Steve any what,
14:13
Speaker 2: any wild hot takes on, why, any any random ideas well.
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Speaker 12: One thing of it, one suspicion would have to be
14:21
Speaker 12: that we did have delays in the court system which
14:24
Speaker 12: led to a lot of people being on remand those
14:27
Speaker 12: delays were then resolved. The courts have been streamlined. That
14:30
Speaker 12: sped things up. You can have generational cohorts coming through
14:34
Speaker 12: as well. We need to see the statistics on that.
14:38
Speaker 12: Sometimes you can just get a population weave coming through.
14:41
Speaker 12: It's been well documented overseas and they can cause a
14:44
Speaker 12: temporary increase in particular types of offending.
14:48
Speaker 4: So let's just wait and see what the statistics reveal.
14:51
Speaker 2: Good on your Steve Callen Criminal Lawyer, News Talks. He'd
14:54
Speaker 2: be twenty four after five. Why would the government put
14:57
Speaker 2: its hand up and say, and they haven't to be yet,
15:00
Speaker 2: but there is a story out this morning. They might
15:02
Speaker 2: put their hand up and say, let's pick winners in
15:06
Speaker 2: business investment. They're not good at it, are they? Whether
15:09
Speaker 2: they're talking about that and the budget next the early.
15:12
Speaker 1: Edition full the show podcast on IARM Radio, how It
15:15
Speaker 1: By News Talks at me.
15:18
Speaker 2: Five twenty seven. Something doesn't really add up on business
15:21
Speaker 2: investment in this country? If the post is to be
15:23
Speaker 2: believed this morning, the government is considering a business growth fund,
15:27
Speaker 2: whereby some Crown agency would pick winners and probably a
15:30
Speaker 2: few losers along with it, with financial backing. Charmers has
15:33
Speaker 2: had done this in Australia, Big Business Growth Fund back
15:37
Speaker 2: by the taxpayer. There was apparently a meeting in April
15:40
Speaker 2: between Willis and Chalmers to talk about us joining his fund.
15:44
Speaker 2: We're talking about minnos here revenue between one and ten
15:46
Speaker 2: million dollars unless a gas transition Garran tour was the
15:50
Speaker 2: start of some kind of paradigm shift in the way
15:52
Speaker 2: this government thinks about private enterprise. That investment decisions in
15:55
Speaker 2: the private sector would be left to well, you know,
15:57
Speaker 2: the private sector. Then something is a venture capital funds
16:02
Speaker 2: and even key we savers should be doing this job.
16:04
Speaker 2: We have about five percent of KEI saver funds right
16:06
Speaker 2: now invested in private equities. The Aussies are apparently more
16:10
Speaker 2: like fifteen to twenty percent of their super funds. Their
16:13
Speaker 2: for May last month said they expect more of this,
16:16
Speaker 2: but fund managers have been making noises about changes that
16:19
Speaker 2: are needed to help encourage investments like that. The obvious
16:22
Speaker 2: problem is, of course, with super funds investments. You need
16:25
Speaker 2: to have them quite liquid for a drawdown. But what's
16:28
Speaker 2: the chance that we all draw down ninety percent of
16:30
Speaker 2: our balances all at once? Very unlikely. The other unusual
16:34
Speaker 2: one this week was the Golden Visa. Apparently there aren't
16:37
Speaker 2: enough investment opportunities out there that we're now handing out
16:41
Speaker 2: passports based on how much dosh you can chuck at
16:44
Speaker 2: a dock walking track upgrade or a charity. Erica Stanford
16:48
Speaker 2: told me yesterday they're looking at broadening out the types
16:51
Speaker 2: of investments that would qualify you. So we either have
16:55
Speaker 2: too many investment opportunities and not enough capital, or not
16:59
Speaker 2: enough capital and too many opportunities, or we have regulatory
17:04
Speaker 2: settings that are stopping one from feeding the other, in
17:07
Speaker 2: which case government ought to cut through them before picking
17:11
Speaker 2: its own winners, Ryan Bridge, Unless the sky has turned
17:14
Speaker 2: upside down and we're now into State and Devension News
17:18
Speaker 2: Talk Seed B twenty nine minutes after five. Great to
17:21
Speaker 2: have your company this morning. More of your texts shortly,
17:23
Speaker 2: we'll get around our reporters. Gavin is in the UK
17:26
Speaker 2: for us, and we've got the co Op Bank boss
17:28
Speaker 2: on the ocr By the way, nothing's going to happen
17:31
Speaker 2: to the OCR today. But the interesting thing, the thing
17:34
Speaker 2: we really want to care about and read about, is
17:36
Speaker 2: the forward track. What does Arna Breman think is going
17:39
Speaker 2: to happen to the OCR in the next meeting and
17:42
Speaker 2: the one after that and the one after that. News
17:45
Speaker 2: Talk Seed B.
17:53
Speaker 1: On your radio and online on iHeartRadio early edition with
17:57
Speaker 1: Ryan Bridge and Spark for Business Technology that keeps Business Moving.
18:02
Speaker 3: News TALKSB.
18:07
Speaker 2: Twenty four away from six News talks 'B. Donald Trump
18:11
Speaker 2: is convening a meeting of his cabinet at Camp David. Now,
18:13
Speaker 2: Camp David is important. You normally go there if you're
18:15
Speaker 2: going to do something with national security or something with diplomacy.
18:19
Speaker 2: And of course we have a war in Iran that
18:21
Speaker 2: with strikes yesterday, so there's a lot of speculation going
18:24
Speaker 2: on in the news right now that something is going
18:26
Speaker 2: to come to an end soon. The International Energy Agency
18:29
Speaker 2: has said the Strait would take two to three months
18:31
Speaker 2: to open, clear it of minds before traffic fully resumes.
18:35
Speaker 2: We could see some movement on this today. Of course,
18:37
Speaker 2: we had some strikes yesterday, and despite all of that,
18:40
Speaker 2: or perhaps because all of that, the S and P
18:42
Speaker 2: five hundred has just hit another new all time high.
18:47
Speaker 2: You love the song, I love the song when New Zealanders,
18:49
Speaker 2: of course we do. And today Paul Goldsmith loves this
18:54
Speaker 2: song and he's extending the copyright protection for Keywi artists
18:58
Speaker 2: in their work from fifty to seventy years. So stuff
19:02
Speaker 2: that was produced in the seventies was about to fall
19:04
Speaker 2: out and then the artists wouldn't get paid, wouldn't get
19:07
Speaker 2: the royalties for it. So it is New Zealand Music
19:10
Speaker 2: Month and they are fixing that up. We're live to
19:13
Speaker 2: London shortly and we'll speak to a bank boss about
19:16
Speaker 2: the ocr This is early edition. Remember you heard it
19:19
Speaker 2: here first Brian Bred twenty three away from Sex Cullum
19:23
Speaker 2: and Deneed and Callum, Good morning morning, right. What's going
19:25
Speaker 2: on with Otago Uni researchers and trauma.
19:29
Speaker 13: Well pushing for better long term support for survivors of
19:34
Speaker 13: major trauma, specifically mental trauma. This is after this research
19:38
Speaker 13: from three landmark studies out of Otaga University. Here they've
19:42
Speaker 13: shown that physical injuries are closely monitored after severe trauma,
19:46
Speaker 13: but the psychological impact is often overlooked. This research found
19:51
Speaker 13: a more comprehensive patient sensed approach to recovery here in
19:55
Speaker 13: New Zealand is needed. One of the senior lecturers is
19:57
Speaker 13: Chris Wakeman. He says better referral path ways for psychological
20:01
Speaker 13: services are essential. He says currently they're overworked and underfunded,
20:05
Speaker 13: meaning not all patients are taken on, and he hopes
20:08
Speaker 13: that this research raises awareness of the hidden burdens survivor's
20:12
Speaker 13: face and improvements are made on long term support services.
20:15
Speaker 2: All right where they're dundeen callum.
20:18
Speaker 13: Frosty, start minus two at the airport, but find today
20:21
Speaker 13: in twelve nice one.
20:22
Speaker 2: Clear and christ this morning clear, good morning. So cathedral
20:25
Speaker 2: fifteen million bucks from ratepayers, yes, well.
20:28
Speaker 14: It just goes on. This fifteen million dollars comes from
20:30
Speaker 14: surplus cash that the council found in some savings elsewhere.
20:34
Speaker 14: They voted twelve three to contribute this extra fifteen million
20:38
Speaker 14: dollars to the cathedral. That's if central government come to
20:41
Speaker 14: the party with some cash as well. There is a
20:44
Speaker 14: bit of drama around the decision though. Horswell Counselor Andre
20:47
Speaker 14: Moore talked about the fact that recent consultation found only
20:50
Speaker 14: fourteen percent of ratepayers supported funding this restoration. He says,
20:54
Speaker 14: now there will be many people asking why they weren't consulted. Further,
20:58
Speaker 14: he surveyed locals off that in his own time and
21:02
Speaker 14: ninety one percent were in opposition. But he says, clearly
21:05
Speaker 14: we've decided to ignore that. Meanwhile, Counselor Sam McDonald, who's
21:09
Speaker 14: in charge of finances for christ At City Council, says
21:12
Speaker 14: the plan he developed with Jake McClellan is sensible and
21:15
Speaker 14: he's accusing those againstead of playing politics. Now this morning,
21:19
Speaker 14: I see that wymuke edis a national MP in Matt
21:21
Speaker 14: Doocey is calling for all local MPs to work together
21:24
Speaker 14: on a bipartisan approach from a central government standpoint. He says,
21:28
Speaker 14: it's simple, the city's rebuild can't be completed until we
21:31
Speaker 14: agree a path forwards.
21:32
Speaker 2: All right, how's you wear the clear.
21:34
Speaker 14: Foggy to start? Should clear to find but then return
21:37
Speaker 14: this evening like twins and.
21:38
Speaker 2: The high will be fourteen nice one and Roy Adam
21:40
Speaker 2: Cooper and Wellington Morning Adam Molly Ryan. Students want some money.
21:44
Speaker 2: They do fair bit of it. By the sounds.
21:47
Speaker 15: The push comes from the Victoria University Students Association now
21:50
Speaker 15: trainees in nursing social work teaching and midwifery. They say,
21:54
Speaker 15: do thousands of unpaid hours while on placement, often forced
21:58
Speaker 15: to give up their other paid jobs heavily reduce their
22:01
Speaker 15: hours in them. So Victoria University Student Association President Aiden
22:04
Speaker 15: Dona Hugh has launched a campaign saying students already struggle
22:08
Speaker 15: to make ends meet and paid placements would help bridge
22:11
Speaker 15: the gap. He says, what's pretty serious about all this
22:14
Speaker 15: is the unpaid work can actually lead to a dropout
22:16
Speaker 15: rate of people doing these placements and their degrees of
22:21
Speaker 15: up to forty percent. Donocue calls it a matter of
22:24
Speaker 15: fairness with so many students already struggling at the moment,
22:27
Speaker 15: and it is calling for a change.
22:29
Speaker 2: How'd your wear it? Cloudy?
22:31
Speaker 15: Period's fine afternoon and a high fourteen.
22:33
Speaker 2: Nice one neither good morning?
22:35
Speaker 9: Good morning?
22:36
Speaker 2: Are the buses and the train safe in Auckland or what?
22:38
Speaker 6: Yes?
22:39
Speaker 16: Well, apparently so Auckland Mayor's reassuring you know, commuters, don't
22:42
Speaker 16: worry your public transport network is safe and of course
22:45
Speaker 16: this is due to the move of the high rates.
22:49
Speaker 16: Now the council has yesterday voted to support Wayne Brown's
22:52
Speaker 16: seven point nine percent increase. This was by fifteen votes
22:55
Speaker 16: to seven, with one abstention. Brown has now laid out,
23:00
Speaker 16: you know, the annual budget. Now this includes one hundred
23:02
Speaker 16: and six million dollar operating savings target. He says, we've
23:06
Speaker 16: got fifty million dollars an increased fuel costs to deal with,
23:10
Speaker 16: which they're covering at no cost. But Brown says that
23:13
Speaker 16: won't mean stopping the buses, especially with them being used
23:16
Speaker 16: more than ever.
23:17
Speaker 2: Interesting, Neva, how's our weather okay?
23:20
Speaker 16: Petchy fog clearing, cloud increasing this morning. We've got isolated
23:24
Speaker 16: charles from the afternoon. Another war mile day here in Auckland.
23:27
Speaker 16: Eighteen is the high.
23:28
Speaker 2: Brilliant stuff, Neva, Thank you, nineteen minutes away from six. Now,
23:33
Speaker 2: home loan affordability for first home buyers is actually up
23:37
Speaker 2: for the month of April, and that is in spite
23:38
Speaker 2: of the fact that mortgage rates are going up. So
23:40
Speaker 2: today we're getting an OCR decision. We'll speak to the
23:42
Speaker 2: co Op bank about that shortly, by the way, but
23:44
Speaker 2: we're getting an OCR decision today. It won't go anywhere,
23:47
Speaker 2: but it won't stop the rates going up because it's
23:49
Speaker 2: what rates have been going higher. The other costs for
23:51
Speaker 2: banks have been going higher. So actually, if you look
23:54
Speaker 2: at your two year fixed rate that is up three
23:57
Speaker 2: quarters of a percent on the end of last year.
24:00
Speaker 2: You'll know that if you're in the market for a
24:02
Speaker 2: mortgage now, despite all of that, house prices are now
24:07
Speaker 2: actually more affordable this month than they were before, because
24:11
Speaker 2: the price of a house has fallen by more than
24:15
Speaker 2: the mortgage interest rates have gone up. In other words,
24:17
Speaker 2: the calculations have worked in the favor of first home buyers.
24:21
Speaker 2: There you go eighteen to six news talks thereb you
24:25
Speaker 2: will know. Market's been a bit jumpy lately, the war
24:27
Speaker 2: in the Middle East, oil prices, uncertainty. Generally, when that
24:31
Speaker 2: hits your investments, it is hard not to worry about it.
24:34
Speaker 2: But volatility, isn't you, happens all the time. Doesn't mean
24:37
Speaker 2: long term plans stop working. In fact, market dips can
24:41
Speaker 2: work in your favor if you are making regular contributions,
24:44
Speaker 2: because those regular contributions obviously buy more units when the
24:48
Speaker 2: unit prices are lower. This can translate into long term
24:51
Speaker 2: gains when the markets ultimately recover. That discipline is what
24:55
Speaker 2: underpins Milford's approach to active long term management of its
24:59
Speaker 2: key SA funds. Morning Star data shows Milford's Kiwisaver Funds
25:03
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25:06
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25:15
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Speaker 2: of the Milford Keewisaber Plan. Go to Milford Asset dot
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Speaker 2: com to read the Milford kiwisab Plan product disclosure statement
25:24
Speaker 2: and Milford's Financial Advice Provided product disclosure statement.
25:28
Speaker 1: International correspondence with Ends and Eye Insurance Peace of Mind.
25:32
Speaker 3: For New Zealand business see the.
25:34
Speaker 2: Harsh texts coming in on the New Ferrari. We'll get
25:36
Speaker 2: to those shortly. First, Gavins in the UK for us, Gavin,
25:39
Speaker 2: good morning.
25:41
Speaker 3: Either right.
25:42
Speaker 2: We've had a train crash at train and a bus.
25:45
Speaker 17: Yes, big investigation here. This is a school minibus believed
25:49
Speaker 17: to be taking special needs children, special education children to school.
25:54
Speaker 17: The bus was carrying seven boys, a driver and a
25:56
Speaker 17: chaperone at the time of the collision just before eight
25:58
Speaker 17: am local time, and the police believe observe CCTV that
26:04
Speaker 17: the minibus carrying the school children may well have actually
26:08
Speaker 17: somehow gone through the barrier into the railway crossing which
26:13
Speaker 17: was closed at the time. But as I said, investigations
26:16
Speaker 17: are underwegh in that nobody on the train was hurt.
26:19
Speaker 17: But in addition to the four, that's two children, two adults,
26:23
Speaker 17: the four who were killed in the minibus, seven boys
26:27
Speaker 17: another three or four are said to be in critical
26:30
Speaker 17: condition but stable in hospital. So a serious incident, one
26:34
Speaker 17: that's taking a lot of looking into. The train driver
26:36
Speaker 17: has passed a breathalyzer test. A post mortem examination is
26:39
Speaker 17: now being conducted on the minibus driver, but we are
26:42
Speaker 17: being told that he or she had no criminal convictions,
26:45
Speaker 17: so we're just waiting really to find out exactly how
26:48
Speaker 17: this accident happened.
26:49
Speaker 2: All right, So you've got a couple of eight workers
26:51
Speaker 2: might have had a bowler coming on a plane the
26:53
Speaker 2: Europe for people panicking or what.
26:55
Speaker 17: Well, I think they're going to start to if it's
26:57
Speaker 17: confirmed that they are so. At the moment, we still
27:00
Speaker 17: being told it is a low risk to people who
27:03
Speaker 17: aren't in the Democratic Republic of Congo or the neighboring countries.
27:07
Speaker 17: But two aid workers have gone back to Italy and
27:10
Speaker 17: have been tested with suspected ebola. It comes as the
27:14
Speaker 17: deadly strain is spreading really rapidly now across Central Africa.
27:18
Speaker 17: There is no protective vaccine run, as you know, and
27:21
Speaker 17: that has sparked fears of a major worldwide health crisis.
27:25
Speaker 17: Now both Italian humanitarian aid workers have developed symptoms consistent
27:29
Speaker 17: with the virus, that's high fever, nausea, vomiting, intestinal issues.
27:33
Speaker 17: They've been transferred to a hospital in Milan and a
27:37
Speaker 17: specialist facilities for management of high risk infectious diseases has
27:41
Speaker 17: been said about there the Lombardy Regional Welfare officers, So
27:45
Speaker 17: there are still no certainty this is a bola. Indeed,
27:48
Speaker 17: he suggests it might be a form of malaria, which
27:51
Speaker 17: also can be serious, but at least it's a lot
27:53
Speaker 17: less serious for the future of somebody's health and ebola.
27:57
Speaker 17: But we wait to find out.
27:58
Speaker 2: You take malaria over a bowl or any day, wouldn't
28:00
Speaker 2: you it? As twelve to six, that's Gavin gray Are
28:03
Speaker 2: the UK europe.
28:04
Speaker 3: Correspondent Ryan Bridh.
28:06
Speaker 2: So two weeks ago, markets are pricing in a fifty
28:08
Speaker 2: percent chance that the OCO would actually be hike twenty
28:11
Speaker 2: five basis points. Today now that is not the prediction
28:14
Speaker 2: at all. In fact, the markets aren't predicting that'll happen
28:17
Speaker 2: until September October, partial for July, but more likely September October,
28:22
Speaker 2: if you're to believe them, given they were saying something
28:25
Speaker 2: quite different two weeks ago. Mark Wiltshire is co Operate
28:28
Speaker 2: of Banks CEO with me this morning, get a Mark,
28:30
Speaker 2: good morning. Run When do you think they're going to
28:32
Speaker 2: start high? Because I mean, I don't think anyone thinks
28:34
Speaker 2: is going to happen today, But when do you reckon
28:35
Speaker 2: they'll start hiking?
28:37
Speaker 18: I think the likelihood is September that as you say today,
28:42
Speaker 18: people are expecting the Reserve Bank to stay on hold,
28:46
Speaker 18: but it's really all about the outlock. This is the
28:48
Speaker 18: first big monthtary policy statement since the Middle East conflict,
28:52
Speaker 18: so we'll see their outlook there which will be really interesting.
28:55
Speaker 18: But September, I think is the is the hot back.
28:57
Speaker 2: What's been happening with your fixed rates? Because the average
29:01
Speaker 2: two year specials up almost a percent since the end
29:03
Speaker 2: of last year on average.
29:06
Speaker 18: Yeah, so you know, we've kept our rates pretty competitive. Actually,
29:09
Speaker 18: so if you look at the one year rate, you
29:12
Speaker 18: know we've still got in the fours four sixty five.
29:15
Speaker 18: We've kept that pretty law. They haven't moved a lot
29:17
Speaker 18: actually since the start of the year. And then you've
29:21
Speaker 18: got your two year Most people are picking one or
29:23
Speaker 18: two year two in the low five, So that's where
29:26
Speaker 18: people are going at the moment, and some people splitting
29:29
Speaker 18: across those couple of terms, because of course you can
29:31
Speaker 18: do that as well.
29:32
Speaker 2: Numbers. Yep, Oh, sorry, continue mate.
29:35
Speaker 18: No, I was just going to say, so, you know,
29:37
Speaker 18: I think I think banks have kept a bit of
29:39
Speaker 18: a lid on this and it's a bit of uncertainty around.
29:41
Speaker 18: So yeah, I think those rates are still pretty competitive,
29:44
Speaker 18: and those fixed rates, and then of course we've got
29:46
Speaker 18: people want to keep a chunk on floating as well.
29:48
Speaker 18: People like it reflexibility. We've got that four nine nine
29:51
Speaker 18: the lowes sparable rate out there.
29:53
Speaker 2: Mark. We had some numbers out yesterday which were interesting
29:55
Speaker 2: about people switching banks and people switching banks with smaller
29:59
Speaker 2: loan balances. We won't know until Friday when the RBNZ
30:02
Speaker 2: releases their dashboard, but are you seeing are you the
30:04
Speaker 2: benefactor of any of that switching that's happening.
30:08
Speaker 18: Well, we like to put ourselves out there a bank
30:11
Speaker 18: that's a New Zealand choice, and so we do try
30:15
Speaker 18: and compete hardly switching customers. What we really like is
30:18
Speaker 18: people to move themselves across entirely as well, and it's
30:22
Speaker 18: a lot easier than people often think with some of
30:24
Speaker 18: the protocols we've got. So there's a lot of mortgage switching,
30:28
Speaker 18: but what we really like is to get the whole
30:29
Speaker 18: customer across and really look after them.
30:31
Speaker 2: What's your feeling about where this country is that we're
30:34
Speaker 2: in a recovery. We knew that it was happening, and
30:36
Speaker 2: then we had the Iran situation. I don't feel like
30:40
Speaker 2: it's quite as bad as what perhaps we thought it
30:42
Speaker 2: might be at the beginning of all of this. What
30:44
Speaker 2: do you reckon?
30:45
Speaker 18: I think it's pretty uncertain this way i'd characterize it.
30:47
Speaker 18: So it's going to be interesting today to get the
30:50
Speaker 18: outlet from the Reserve Bank, and then tomorrow with the budget,
30:53
Speaker 18: expecting that to be a pretty spending constrained budget, a
30:57
Speaker 18: bit of belt tightening, but it'd be good to see
31:00
Speaker 18: it get back to growth. The underlying fundaments were looking
31:03
Speaker 18: pretty good around December January, so this it'd be good
31:06
Speaker 18: to start to see some of this uncertainty get removed
31:09
Speaker 18: and get back to growth. I think it's still pretty
31:11
Speaker 18: touchy out there as well. I describe it pretty delicate
31:14
Speaker 18: and pretty interesting to see today. That commentary from the
31:17
Speaker 18: Reserved Bank will be really critical.
31:18
Speaker 2: Mark Wiltship, co Op Bank's CEO. Nice to Tavy on
31:21
Speaker 2: the program is always eight to six News Talks EDB before.
31:24
Speaker 3: The news breaks Here at first.
31:27
Speaker 1: Ryan Bridge on early edition with Spark for business Technology
31:31
Speaker 1: that keeps business Movie News Talks EDB six.
31:34
Speaker 2: Trump's eighty next month. He's off to the doctor. It's
31:36
Speaker 2: a routine, annual thing that he gets done. But The
31:39
Speaker 2: Guardian reports recent photographs showing a blotchy neck rash have
31:43
Speaker 2: added to questions about Trump's health after images in July
31:47
Speaker 2: showed swollen ankles and a bruised hand concealed with makeup.
31:50
Speaker 2: I mean, okay, he's got a few bloxes on him.
31:53
Speaker 2: He's eighty, he's turning eighty. But you can't argue the
31:57
Speaker 2: guy is pretty sharp. Marbles are all that. He's a
31:59
Speaker 2: little bit. But I don't think you can say that
32:02
Speaker 2: the guy is senile. Anyway, he's going to see his doctor.
32:05
Speaker 2: I'm sure we'll get the reports. Five to sex Ryan,
32:08
Speaker 2: good morning, Mike.
32:09
Speaker 9: So he should too. I mean we should all see
32:11
Speaker 9: our doctors. Yeah, absolutely, Why wouldn't we encourage us to
32:14
Speaker 9: see our doctors?
32:15
Speaker 2: Quite right now? The Lucci I'm saying it right, Lucca
32:19
Speaker 2: Lucha a million buck water or liquid. Well thoughts ugly.
32:24
Speaker 9: Oh everyone says it's ugly. It's universally ugly. The shares
32:28
Speaker 9: this morning for Ferrari down six percent. They've tanked. And
32:31
Speaker 9: how they've got away with this. There's a guy called
32:33
Speaker 9: Manzoni who's the current designer. And if you look at
32:37
Speaker 9: the Ferraris, he doesn't believe in the car having a face.
32:41
Speaker 9: And so a lot of cars have a face. That's
32:43
Speaker 9: the headlights and your grill and your treatment of the bumpers,
32:45
Speaker 9: and he doesn't believe them having a face. So they
32:47
Speaker 9: sort of fade away to nothing. And so if you
32:50
Speaker 9: look at the current Ferraris, they're all ugly.
32:52
Speaker 2: So they just look like sort of I said earlier,
32:55
Speaker 2: it's something you get in the McDonald's happiness.
32:57
Speaker 9: They're becoming. And this is the whole ev story. It's
32:59
Speaker 9: a real it's a million bucks though, and that's that's
33:01
Speaker 9: going to be a million that's going to be their problem.
33:03
Speaker 9: And you can most Ferraris these days are about a
33:05
Speaker 9: million bucks. But you get something for it, you know,
33:08
Speaker 9: like you get the acceleration, the exhilaration, the you know
33:11
Speaker 9: you get. But this is this is going to be a.
33:12
Speaker 2: Two and a half seconds to one hundred k's three
33:15
Speaker 2: hundred and ten.
33:16
Speaker 9: Yeah, that's batteries. I mean, batteries will do that for you.
33:18
Speaker 9: If all year after is speed and power and acceleration
33:21
Speaker 9: in a way that you've never.
33:22
Speaker 2: Experienced, it sound like, well that's.
33:25
Speaker 9: The next question, isn't it. Because it'll be artificial obviously,
33:28
Speaker 9: and they'll need a sound. They've just the problem they've
33:32
Speaker 9: got is they're destroying their brand and all the toppy
33:35
Speaker 9: and car makers.
33:36
Speaker 2: But eventually they'll all be selling these and people will
33:39
Speaker 2: only be buying evs.
33:40
Speaker 9: You know what. I don't think that's true, and I
33:43
Speaker 9: think there'll be a number of always a market.
33:45
Speaker 2: And I drive around and see so many people in that.
33:48
Speaker 2: There's a really nice Audi EV the really faintest one.
33:51
Speaker 9: That's a different market though, well you know, that's a
33:54
Speaker 9: convenience market. The people who buy Ferraris are art lovers,
33:57
Speaker 9: car lovers and lovers. Motora loves all that sort of stuff.
34:01
Speaker 9: So it'll be interesting to see how it goes. Anyway,
34:04
Speaker 9: you shan't be buying one. I shan't be buying one.
34:07
Speaker 2: Very good, have a fantastic day. Mike is with your
34:10
Speaker 2: next Wednesday Morning sit.
34:13
Speaker 3: Tomorrow for more from Early Edition with Ryan Bridge.
34:24
Speaker 1: Listen live to News Talks it Be from five am weekdays,
34:27
Speaker 1: or follow the podcast on iHeartRadio