Latest / Early Edition with Ryan Bridge / Full Show Podcast: 21 July 2025

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Full Show Podcast: 21 July 2025 · Early Edition with Ryan Bridge

0:01
Speaker 1: The issues, the interviews and the insight. Ryan Bridge on
0:05
Speaker 1: early edition with ex Pole insulation, keeping Kimi Holmes warm
0:09
Speaker 1: and tray this winter news talks.
0:11
Speaker 2: That'd be good morning and welcome to your Monday. It
0:13
Speaker 2: is six minutes after five now coming up on the program,
0:16
Speaker 2: our lead interview Inflation on the rise, but shouldn't stop,
0:19
Speaker 2: ocr Katz, Thank goodness. We'll look at that. Just before
0:22
Speaker 2: six this morning, Gavin Gray and the UK for us,
0:24
Speaker 2: they're looking at beefing up laws to go after mass
0:26
Speaker 2: casualty death events before an attack happens, which sounds smart.
0:30
Speaker 2: Andrew's heir was Sport. The government's Infrastructure Blitz will look
0:34
Speaker 2: at that. We'll have a Japan election update for you
0:37
Speaker 2: and a Ukraine war update for you too this morning,
0:40
Speaker 2: just gone six after five.
0:43
Speaker 3: The agenda.
0:44
Speaker 2: It is Monday to twenty first of July. Drone attacks
0:46
Speaker 2: from Ukraine have closed Moscow's major airports, with at least
0:49
Speaker 2: one hundred and forty flights canceled. Meanwhile, Zelensky proposing a
0:53
Speaker 2: new round of talks. Just Lensky proposing at this point
0:56
Speaker 2: the Kremlins says Putin's ready to move towards a piece steal.
1:01
Speaker 4: The fact that they are going to be meeting and
1:03
Speaker 4: discussing things is a good thing, and it'll be interesting
1:07
Speaker 4: to see as far as I know that, you haven't
1:10
Speaker 4: announced the venue yet, whether it will be Turkey or
1:13
Speaker 4: perhaps even the Vatican, because of course the Holy Father
1:15
Speaker 4: has volunteered to get in the middle of the two
1:18
Speaker 4: sides and mediate, and perhaps that could move things along
1:22
Speaker 4: even further.
1:23
Speaker 3: I don't know.
1:23
Speaker 2: Ready to move towards is quite the caveat, isn't it.
1:26
Speaker 2: To the election of Japan now not looking good for Ashiba.
1:29
Speaker 2: This is the prime minister and its coalition after having
1:32
Speaker 2: help power for seven decades. Exapole suggesting the Liberal Democrats
1:36
Speaker 2: and their coalition set to lose majority in the upper
1:39
Speaker 2: house of Parliament. They already lost remember in October the
1:41
Speaker 2: lower house.
1:43
Speaker 5: The economy isn't very good. Prices have gone up and
1:47
Speaker 5: people don't really feel like the government has done enough
1:50
Speaker 5: to address this crisis. There is also the issue of
1:53
Speaker 5: immigration and over tourism.
1:56
Speaker 2: Counting underway results full results tomorrow. The kiss can a
2:00
Speaker 2: fair guys lost his job, Yeah, but awkward. His employer,
2:14
Speaker 2: Astronomer said in a statement that their quote leaders are
2:17
Speaker 2: expected to set the standard in both conduct and accountability,
2:20
Speaker 2: and recently that standard was not met.
2:25
Speaker 3: Get ahead of the headlines on early edition with Ryan
2:29
Speaker 3: Branch and ex Fole Insulation keeping Kiwi Holmes warm and
2:33
Speaker 3: dry this winter news talk.
2:34
Speaker 2: Sa'd be great to be back with you for this
2:36
Speaker 2: Monday morning. Should she not get fired as well? Because
2:39
Speaker 2: she was head of HR. I mean that's a big
2:41
Speaker 2: role of what are you saying that? Because he's the
2:44
Speaker 2: big boss, he gets cops it but she doesn't. I
2:47
Speaker 2: don't know. She takes two to tango, doesn't it? And
2:50
Speaker 2: she's a leader in the company term, isn't she? I mean,
2:54
Speaker 2: I'm not saying you should fire him, but if you're
2:55
Speaker 2: going to fire him, then you surely have to fire
2:57
Speaker 2: her too. Nine after five, Now the big blitz is on.
3:00
Speaker 2: This is the infrastructure blitz? Is one paper caller yesterday
3:03
Speaker 2: from the government or is it just a packaged up
3:06
Speaker 2: re announcement of projects that we already knew were happening?
3:09
Speaker 2: Six billion dollars worth of spades going in the ground,
3:11
Speaker 2: they were telling us yesterday, and they called it, here's
3:14
Speaker 2: the clue, an infrastructure update rather than an announcement. Clever
3:19
Speaker 2: because it's not an announcement. It's a re announcement, but
3:21
Speaker 2: it's an update, so good on them. We already knew,
3:24
Speaker 2: for example, the Autachy Tilevin Expressway, already knew that was
3:27
Speaker 2: starting in spring. Government's just re announcement. So is this
3:30
Speaker 2: just performative rather than substantial? I think probably for the
3:34
Speaker 2: most part. There's a reason they're doing this, though opposition's
3:37
Speaker 2: been hammering them about coming in, pausing construction projects and
3:42
Speaker 2: reevaluating everything. In the meantime, you work as a buggering
3:46
Speaker 2: off to Australia where there is a pipeline of work
3:49
Speaker 2: to go to. Recent infrastructure. New Zealand survey reckons in
3:53
Speaker 2: the last year sixty five percent of firms have cut
3:57
Speaker 2: staff and half said they had long workers to overseas markets.
4:01
Speaker 2: So that is a real thing that's happening. And so
4:05
Speaker 2: you know, you got the labor and the green saying well,
4:08
Speaker 2: part of the reason for the brain drain, part of
4:10
Speaker 2: the reason for people fleeing New Zealand going to Australia
4:12
Speaker 2: is the government pausing stuff. And this is the problem.
4:15
Speaker 2: When you try and solve problems, you create new ones,
4:19
Speaker 2: don't you. And trying to re scope or get better
4:22
Speaker 2: value for money or cut the bloated budgets of big projects.
4:26
Speaker 2: You cause delays and you lose your pipeline of work.
4:28
Speaker 2: Same goes for housing. Did you see this at the weekend.
4:32
Speaker 2: At the weekend we saw more reports of homelessness and
4:35
Speaker 2: no one wants to see that. Not good, But that's
4:37
Speaker 2: because everybody was up in arms about dodgy you know,
4:40
Speaker 2: gang run or gang infected emergency housing units and your
4:45
Speaker 2: unruly tenants at caring order. You try to fix that up,
4:48
Speaker 2: You kick them out, you tighten the rules, whatever, you
4:51
Speaker 2: make homelessness worse. In trying to stop one problem, you
4:56
Speaker 2: sort of end up creating another, don't you. It is
4:59
Speaker 2: eleven after five, Ryan Bridge showing me up niggas. We'll
5:03
Speaker 2: get to Andrew Ordison, he's here with Sport. We're also
5:05
Speaker 2: going to talk to Alan Pollards. This is on the
5:08
Speaker 2: infrastructure thing civil contractors in New Zealand. Do we have
5:11
Speaker 2: you know, all this works kicking off before Christmas? Do
5:14
Speaker 2: we have the workers here to get the job done.
5:17
Speaker 2: That's ahead news and views you trust to start your day.
5:21
Speaker 3: It's earlier.
5:22
Speaker 1: This ship with Ryan Bridge at ex Bowl Insulation keeping
5:26
Speaker 1: Kiwi Holmes Ward and Dry.
5:27
Speaker 3: This weinter news talks.
5:29
Speaker 2: The'd be you're on news talks, there'd be just gone
5:30
Speaker 2: thirteen minutes after five. Quick update on the RSA. This
5:33
Speaker 2: is the Return Services Association. They've suspended a couple of
5:37
Speaker 2: their local branches this over unpaid fees. So they're having
5:40
Speaker 2: big cash flow problems at the RSA, well some of
5:43
Speaker 2: them are anyway, and they're not paying their subs to
5:46
Speaker 2: the national body. Twenty four associations is according to reporting
5:51
Speaker 2: by A News Talks b this morning, twenty four associations
5:54
Speaker 2: over combined one hundred and eighty grand twenty eight percent
5:58
Speaker 2: of their annual take from fees. Now they're the problem.
6:02
Speaker 2: They've got fifty one clubs, which again is twenty eight percent.
6:06
Speaker 2: Also not disclosing their poppy appeal return from April. Now,
6:10
Speaker 2: they're not suggesting that anybody's doing anything untoward here. They're
6:13
Speaker 2: just withholding some of them, they say, withholding their subs
6:17
Speaker 2: because they have cash flow problems and that's the first
6:20
Speaker 2: thing that you get stingy on. So they're basically cracking
6:24
Speaker 2: down saying we'll suspend you and we will potentially cut
6:27
Speaker 2: you off and kick you out if you don't pay up.
6:31
Speaker 2: Fourteen after five Bryan Bridge. Finally, the government's promised boots
6:35
Speaker 2: on the ground for the six billion dollars worth of
6:37
Speaker 2: infrastructure they announced yesterday. Construction due to start on projects
6:41
Speaker 2: like hospital units, schools and roads between now and Christmas.
6:44
Speaker 2: They reckon four and a half thousand jobs will be
6:46
Speaker 2: created per billion dollars spent. Alan Pollard is Civil Contractors
6:50
Speaker 2: New Zealand Chief executive Allan, Good morning R. Now, did
6:55
Speaker 2: we know the timeline the start date for these projects already?
7:00
Speaker 2: Some of them? We did? But was this announcement useful?
7:04
Speaker 6: Well, I think I was useful. We certainly knew the
7:06
Speaker 6: projects are coming, but we didn't really have any clear
7:09
Speaker 6: invocation when just as they said, the shovels make it
7:12
Speaker 6: on the ground. So it's very helpful to know that
7:15
Speaker 6: within a very short time a bit of work coming
7:17
Speaker 6: to market.
7:18
Speaker 2: Is the industry ready for it, Can we you know,
7:20
Speaker 2: scale up, get the people back that we've fired or
7:23
Speaker 2: is it very ready to go? Now?
7:25
Speaker 6: Well, we do have capacity and now the industry has
7:28
Speaker 6: been understrained though, as you've noted for about the last
7:31
Speaker 6: twelve months and a cross construction we've lost about fifteen
7:34
Speaker 6: thousand workers. So you know there is some capacity to
7:38
Speaker 6: so can't work. It is going to be challenging though.
7:40
Speaker 6: You know that's that over time, as more and more
7:43
Speaker 6: proteins come to market, it's going to be quite difficult
7:45
Speaker 6: to find people.
7:47
Speaker 2: So when do you envisage that we might hit a
7:49
Speaker 2: crux point in terms of staffing and workforce, Well, it very.
7:54
Speaker 6: Much depends on when the projects are scheduled. But if
7:57
Speaker 6: you look at the governments and to plans, the land
8:01
Speaker 6: transport plans and local government plans, there are a lot
8:04
Speaker 6: of infrastructure investment needed and coming probably over the next
8:08
Speaker 6: eighteen to twenty four months, so we're going to have
8:10
Speaker 6: to scale up quite quickly.
8:12
Speaker 2: The Chris Bishop says that there's you know, the National
8:15
Speaker 2: Infrastructure Pipeline, which is by Infrastructure Commission managed by them.
8:20
Speaker 2: They are showing planned future works totaling two hundred and
8:23
Speaker 2: seven billion dollars across central, local government and private sector.
8:28
Speaker 2: Is that all lined up, paid for dates ready or
8:32
Speaker 2: is that all just a bit vague at this point.
8:36
Speaker 6: That's all sort of and anticipated through the various planning processes,
8:42
Speaker 6: not necessarily funding undocated at also, and that's our challenge
8:45
Speaker 6: that it's a very healthy pipeline that work that's coming
8:48
Speaker 6: into the future. In terms of the health of the
8:51
Speaker 6: civil industry in particular, we need to have proteins coming
8:55
Speaker 6: to market now. So that's why this announcement is actually
8:57
Speaker 6: very timely.
8:59
Speaker 2: Brilliant your time this morning, Alan Polo to executive at
9:02
Speaker 2: several contractors in New Zealand. Time of seventeen minutes after five.
9:06
Speaker 2: Andrew Orlison is here. Would sport lots to talk about
9:08
Speaker 2: had the warriors yesterday, had the all black Slot's talk
9:11
Speaker 2: to him about this morning.
9:12
Speaker 1: He's next Bryan Bridge on early edition with ex bowl insulation,
9:17
Speaker 1: keeping kiey homes warm and try this winter news talks.
9:21
Speaker 3: That'd be good morning.
9:22
Speaker 2: Just got nineteen and alfter five we'll get our inflation
9:24
Speaker 2: number for quarter two out today. We'll talk to ASB
9:26
Speaker 2: Bank just before six about that. Right now. Andrew Ordison's
9:29
Speaker 2: here with Sport. Andrew, good morning. Greeting's right, and we
9:32
Speaker 2: start with the Open Golf which is coming to a
9:34
Speaker 2: conclusion in Northern Ireland.
9:35
Speaker 7: It sure is so leading the way.
9:37
Speaker 8: Scotti Scheffler World number one hasn't picked up this one
9:41
Speaker 8: hasn't got it as part of his repertoire as yet,
9:43
Speaker 8: but it's not far away, So a couple of holes out,
9:45
Speaker 8: he's leading seventeen hunder par, five stroke lead over Chris goddr.
9:50
Speaker 7: Up and Harris English.
9:52
Speaker 8: And it's looking pretty convincing from Scotti Scheffler, particularly over
9:55
Speaker 8: the last few hours. He's always been in touch in
9:58
Speaker 8: the first round. But yeah, it's just emphatic really and.
10:02
Speaker 7: Royal Port rush.
10:03
Speaker 8: I mean, it's been wonderful scenes seeing that on the
10:05
Speaker 8: on the northern Irish coast over the last few days.
10:09
Speaker 2: But no New.
10:10
Speaker 8: Zealanders involved over the last couple of rounds, both missing
10:12
Speaker 8: the cut and the from Ryan Fox and Daniel Hilly.
10:14
Speaker 2: It's funny now whenever I hear about Chief and I
10:16
Speaker 2: just think about the fact that he may not actually
10:18
Speaker 2: want to win. Maybe that's why he's winning.
10:23
Speaker 7: Well, that's the thing that the mind relaxes and the
10:26
Speaker 7: body follows.
10:27
Speaker 8: Who knows, it's just he's just in a word of
10:30
Speaker 8: his own and in the world of golf at the moment.
10:32
Speaker 8: Ryan and yeah, this will be his fourth major title.
10:34
Speaker 8: I think just missing the one might be the pe
10:37
Speaker 8: u Is Open he's missing, so yeah, it almost got
10:40
Speaker 8: that career Grand Slam as well. If he's able to
10:42
Speaker 8: pick this up in the last couple of holes.
10:44
Speaker 2: And Helleseema saves today for the Warriors.
10:46
Speaker 8: Hello, this is I mean, if anyone out there hasn't
10:49
Speaker 8: seen that, this is a tremendous cry of field goals
10:53
Speaker 8: basically been charged down, et cetera. But the ball has
10:56
Speaker 8: landed in Hello SEMA's hands and he's done exactly what
10:59
Speaker 8: to do with it. He's run about forty meters ryan
11:02
Speaker 8: and has scored and the Warriors have won twenty fifteen
11:06
Speaker 8: over the night, so they've really pulled that one out.
11:08
Speaker 7: They've secured or solidified fourth spot on the ladder again.
11:11
Speaker 8: Now they think they're on thirty points with the Melbourne
11:15
Speaker 8: Storm just fall behind the Raiders who led him the way.
11:18
Speaker 8: But this still happens when the team is on a
11:21
Speaker 8: roll and the Warriors have just really nailed this, and
11:24
Speaker 8: he's a star of I think he's still only nineteen leaguer,
11:26
Speaker 8: Hella Seema, so he's going to be in some demands.
11:29
Speaker 2: A legendary try.
11:31
Speaker 7: Yes, it really is.
11:32
Speaker 2: And before that, were they performing what subpar? Or they
11:34
Speaker 2: all right?
11:35
Speaker 7: Yeah, mitke showing for what I can gather.
11:38
Speaker 8: The Warriors on a few chances, they've basically they haven't
11:42
Speaker 8: really capitalized, but had the Seema that's a big match
11:46
Speaker 8: player right there, being able to seize the moment.
11:48
Speaker 2: And the AB's got there in the end they did.
11:50
Speaker 8: I was probably more fascinated with just the depth of
11:53
Speaker 8: France actually missing all those players being able to come
11:55
Speaker 8: down and written off in many ways before the series,
11:59
Speaker 8: but they've and they put together composite side, the best
12:02
Speaker 8: side for that final test and.
12:04
Speaker 7: Challenging the All Blacks, I mean all Blacks.
12:06
Speaker 8: I don't think the works played badly at all, really,
12:08
Speaker 8: but I think the French depth that New Zealand should
12:11
Speaker 8: be concerned about that A couple of years up from
12:12
Speaker 8: the World Cup, I mean, frances six Laces champions, et cetera.
12:16
Speaker 7: They're clearly one of the best, if not the best
12:18
Speaker 7: team in the world at the moment. But Nick's probably
12:20
Speaker 7: Saith Africa.
12:22
Speaker 2: Yeah, I suppose the idea was that we were trying
12:23
Speaker 2: to increase our debt at the same time.
12:25
Speaker 8: Yeah, yeah, that's right, and it's after me coming out
12:28
Speaker 8: out of Super Breaking. Robertson has played a few cards there,
12:32
Speaker 8: there's a few injury concerns, but I thought I thought
12:35
Speaker 8: the French that was a pretty good showing and made
12:37
Speaker 8: for a reasonable series. I know they lost three nil,
12:39
Speaker 8: but two of those tests they were well in the hut.
12:41
Speaker 2: Yeah, brilliant, Andrew. Thank you. Look to your open Golf
12:45
Speaker 2: updates throughout the morning.
12:46
Speaker 7: I am looking forward to this last couple of holes.
12:48
Speaker 2: Andrew was for twenty three minutes after five on your
12:51
Speaker 2: Monday morning. Coming up next in CA. Did you see
12:53
Speaker 2: the story at the weekend about n ce A and
12:57
Speaker 2: if you've been through the NCAA system. I went through
13:00
Speaker 2: it when I was at high school, and every time
13:03
Speaker 2: there's a headline about INCA, I kind of go, yeah,
13:07
Speaker 2: we need to fix it. But also, what if your
13:09
Speaker 2: only qualification is INCA and it's now being bagged in
13:13
Speaker 2: the news every day? That kind of sucks. Anyway, we'll
13:15
Speaker 2: talk about that next the early.
13:17
Speaker 3: Edition Full the Show podcast on iHeartRadio Power by News.
13:21
Speaker 2: Talks IV News Talks AB twenty five minutes after five
13:25
Speaker 2: on your Monday morning. If we could mark in CA
13:29
Speaker 2: or even INCA level one, would we even give it
13:32
Speaker 2: an achieved, let alone a merit or an excellence. We
13:35
Speaker 2: heard it the weekend about an Errow report that's been
13:37
Speaker 2: done for the government basically says the whole system's far
13:40
Speaker 2: too flexible. Kids are scooping up credits from left, right
13:45
Speaker 2: and center all corners of the classroom. Too broad, too flexible.
13:48
Speaker 2: As a result, they're not being properly taught core subjects
13:53
Speaker 2: and basic stuff, things you would expect that young people
13:56
Speaker 2: are taught at high school. The government's looking at it,
14:00
Speaker 2: always looking at it. But there was a number in
14:02
Speaker 2: this report which I think should jump out for all
14:05
Speaker 2: parents and teachers. Twenty two percent. Last year, twenty two
14:11
Speaker 2: percent of nca results came from external assessment, which is
14:16
Speaker 2: code language for exams, you know, actually going and sitting
14:19
Speaker 2: down under the watchful eye of a teacher or an assessor.
14:24
Speaker 2: The bulk of the credits that students got came from
14:28
Speaker 2: internal assessment stuff like essays. This means you can basically
14:33
Speaker 2: get away with using AI and all sorts of other
14:35
Speaker 2: stuff to do the work for you. One in four
14:39
Speaker 2: this is bad. One in four kids didn't bother sitting
14:43
Speaker 2: the exams for subjects because they already had enough internal credits. Now,
14:48
Speaker 2: I went through the NCAA system and this happened to
14:51
Speaker 2: me too. But I would never dream of skipping, and
14:55
Speaker 2: I would have been cobbed around the back of the
14:57
Speaker 2: head by mum skipping an exam because I had enough
15:01
Speaker 2: credits to go on. Clearly, something has to be done
15:03
Speaker 2: about this. What hope do we give students if they're
15:06
Speaker 2: not being taught the basics or they're not being assessed properly.
15:10
Speaker 2: And until something is done about that, you'll keep getting
15:14
Speaker 2: bad headlines. You'll keep getting bad aero reports about a
15:17
Speaker 2: system that gets undermined. The qualification gets undermined every time
15:23
Speaker 2: one of these headline rolls out, and kids rely on
15:27
Speaker 2: these qualifications to get them through their working lives. That
15:30
Speaker 2: doesn't seem very fair read twenty seven minutes after five
15:34
Speaker 2: and not the kid's fault either. I should say, Hey,
15:37
Speaker 2: I went to see Superman on the weekend. Excellent movie.
15:41
Speaker 2: Just a really basic superhero plot, nothing fancy, nothing frivolous,
15:48
Speaker 2: just a great movie and cinema was completely full. I
15:50
Speaker 2: think we got one of the last few seats in
15:53
Speaker 2: a big, full size cinema, last few seats there, and
15:57
Speaker 2: I just thought it was great, just a easy watch. Nothing,
16:00
Speaker 2: you know, it's not gonna nothing to write home about,
16:02
Speaker 2: but it was worth going to see. Just a good
16:05
Speaker 2: action hero superhero movie. Hey, Scott Besson strikes again. We've
16:09
Speaker 2: spoken about him before. He's the Treasury sectory over in
16:11
Speaker 2: the US, and this time he's he's sort of reasoned
16:16
Speaker 2: with Trump over Jerome Powell. So obviously Trump has been
16:18
Speaker 2: talking about firing Power or you know, he's been making threats,
16:22
Speaker 2: particularly last week about him. And Scott Besson is the
16:25
Speaker 2: sort of samee guy in the office. He talked Trump
16:27
Speaker 2: down off the cliff over tariffs. Remember that he's a
16:31
Speaker 2: Wall Street guy. He got the minerals deal done with
16:34
Speaker 2: China to try and pull back some of the trade impass.
16:39
Speaker 2: And so the Wall Street Journal now reporting not that
16:41
Speaker 2: Trump trust them anymore privately that he said to Trump,
16:45
Speaker 2: just ty Hoe on your attacks on Bessent? Will you
16:48
Speaker 2: on Power?
16:49
Speaker 6: Will you?
16:49
Speaker 2: Because and Trump of course wants, you know, his debt
16:53
Speaker 2: borrowing costs to go down. He wants the economic boost
16:56
Speaker 2: from a rate cup from power and power saying no,
16:58
Speaker 2: my job is inflation. And so apparently Scott besn't sept
17:02
Speaker 2: in last week and said just pull back. You know,
17:05
Speaker 2: you need an independent Reserve bank for goodness sakes, because
17:10
Speaker 2: they need to be focused on inflation. That's their job.
17:12
Speaker 2: You do your job, but they'll do their that was
17:15
Speaker 2: a message from Besson and clearly it's gotten through. Coming up,
17:19
Speaker 2: we'll talk about our inflation before top of the hour
17:22
Speaker 2: and we'll get to our reporters next.
17:41
Speaker 1: The news you need this morning and the in depth
17:44
Speaker 1: analysis earlier edition with Ryan Bridge and Expol Insulation keeping
17:49
Speaker 1: Kiwi homes warm and dry.
17:50
Speaker 3: This winter news talk said me.
17:56
Speaker 2: Good morning, welcome to Monday, twenty four minutes away from
17:59
Speaker 2: sixth grade, to have your company and good to be
18:01
Speaker 2: back with you on a Monday morning. Inflation it's just
18:05
Speaker 2: a sticky mess, isn't It's it's just something you can't
18:08
Speaker 2: clean off yourself. Remember it was three years ago that
18:12
Speaker 2: inflation peaked over seven percent. Three years ago, March we
18:17
Speaker 2: were at March quarter two and a half percent. December
18:20
Speaker 2: quarter we were at two point two. So we went
18:22
Speaker 2: up for March. We're expected to go up again today
18:26
Speaker 2: to two point nine percent, so we're touching cloth on
18:29
Speaker 2: the three percent band for the rbn Z. However, we've
18:32
Speaker 2: been told just calm the farm, don't worry. The RBNZ
18:35
Speaker 2: will be able to look through this number and still
18:37
Speaker 2: drop our mortgage interest rate will drop the OCR which
18:41
Speaker 2: should hopefully drop the mortgage interest rates in August down
18:45
Speaker 2: to three percent. So whatever happens today, we're barring any
18:49
Speaker 2: shocks or nasty surprises. Then even though the number will
18:54
Speaker 2: look bad, it won't be bad enough that we can't
18:58
Speaker 2: keep cutting interest rates. What everybody wants to happen. In fact,
19:02
Speaker 2: John Key last week did you see, came out and
19:03
Speaker 2: said do one hundred basis points.
19:05
Speaker 7: Just hack the hell out.
19:06
Speaker 2: Of it because the economy is on life support. Twenty
19:09
Speaker 2: three to six, Ryan Bridge, You're on News Talk c B.
19:12
Speaker 2: Callum Proctor is our reporter into need in this morning. Callum,
19:15
Speaker 2: Good morning morning, Ryan. Hey Gore, the war tap water
19:19
Speaker 2: that residents were told not to drink still being told.
19:22
Speaker 9: Just waited a little bit. Yeah, that water alert's still
19:24
Speaker 9: in place, Ryan. It comes after this routine testing on
19:27
Speaker 9: Friday detected elevated nightrate levels in Gore's water supply. The
19:33
Speaker 9: district council says lab results over the we can have
19:36
Speaker 9: confirmed that the water is back within the maximum acceptable value,
19:40
Speaker 9: but three days of positive tests are needed before they
19:44
Speaker 9: can give the all clear for it to be approved
19:47
Speaker 9: to be drunk again. Hydrants have been left running in
19:49
Speaker 9: Gore for ours to assist with removing night track from
19:52
Speaker 9: the network and there are still tankers set up across
19:55
Speaker 9: Gore for locals who are advised to continue drinking bottled water,
19:59
Speaker 9: but for not much longe longer, it seems okay. How's
20:01
Speaker 9: the weather Gore pretty much the same as to need
20:04
Speaker 9: and today mostly cloudy, one or two morning showers, but
20:06
Speaker 9: find this afternoon south.
20:07
Speaker 2: Westerly is in the high twelve. Nice one callum, thank
20:10
Speaker 2: you Clei's and christ Church good morning, Claire, good morning.
20:13
Speaker 2: Nice to hear you in the morning again. Now the
20:16
Speaker 2: Special Olympics coming to christ Church, there's potentially a venue issue.
20:21
Speaker 10: Well yeah, they're meant to be being hosted at the
20:23
Speaker 10: part of Cuda Recreation and Sports Center. That's the new
20:26
Speaker 10: facility that's still under construction at the moment and is
20:29
Speaker 10: due to be open by December, which is when the
20:32
Speaker 10: summer Special Olympics is meant to be held there. Now,
20:36
Speaker 10: obviously there's some concern this part of Curde venue has
20:38
Speaker 10: been delayed not once, but multiple times over the last
20:42
Speaker 10: few years. City Council's now confirmed to us after an
20:45
Speaker 10: official information request. Mind you, that part of Curre if
20:49
Speaker 10: part of Curda, isn't able to be used they have
20:51
Speaker 10: secured back up venues at Jolly Park and the Salwyn
20:54
Speaker 10: Sports Center. Special Olympics Events Director Liz Fitzgerald, though says
20:58
Speaker 10: she remains confident it will be in time, but they
21:01
Speaker 10: do have to do due diligence in case. She says
21:04
Speaker 10: they have had back up venues for more than a
21:06
Speaker 10: year now, but they're hopeful they won't need to be used.
21:09
Speaker 2: Okay, and how's you wear the clear.
21:11
Speaker 10: Very frosty to start today, but should clear to mainly
21:14
Speaker 10: find before a chance of a shower a bit later.
21:16
Speaker 11: Ten degrees.
21:17
Speaker 2: Thank you, Max's and Wellington Heymex. Good morning, welcome back,
21:20
Speaker 2: thank you, good to be back. Now another counselor, you've
21:23
Speaker 2: got another entrant for the mural race in Wellington.
21:26
Speaker 12: Yeah, interesting development, clearly a flow on effect from Ray
21:29
Speaker 12: Chung email gate. This is a Diane Calvert now running
21:32
Speaker 12: for mayor. Should clearly not seen a path of herself
21:35
Speaker 12: until now because this is an ambition of hers. But
21:38
Speaker 12: with her council colleague mister Chung's campaign and something of disarray,
21:41
Speaker 12: she's decided it's time. She is a part of the
21:45
Speaker 12: minority center center right lobby at council representative of Wellington
21:48
Speaker 12: at the Wellingtonians who might have an issue with Andrew
21:51
Speaker 12: Little simply gently strolling into office. Chung won't be happy
21:55
Speaker 12: with this. His diminishing group independent together won't be happy either.
21:58
Speaker 12: But it'll be interesting to see if any real money
22:00
Speaker 12: gets behind Calvert. I think it might. She has been
22:04
Speaker 12: critical of past decisions prioritizing cycle ways, over water housing,
22:09
Speaker 12: critical of the government, the capital's distancing itself from central government.
22:13
Speaker 12: Let's look at a city deal, she says, zero rates
22:16
Speaker 12: rises for instance, not realistic, but let's not be so
22:19
Speaker 12: cavalier with spending and putting it on the current generation.
22:23
Speaker 12: Also worth noting, shout out an excellent weekend of sport
22:26
Speaker 12: in Wellington Phoenix of course, shocking Wrexham, the Saints winning
22:29
Speaker 12: a record thirteenth NBL title.
22:31
Speaker 2: Yeah, and your second big Caketon event for on the
22:35
Speaker 2: two weeks on the trop We're on the app, you're
22:37
Speaker 2: on the up. There we go and how's your weather?
22:41
Speaker 12: Mostly fine? Southerly's eleven?
22:43
Speaker 2: Nice one. Thanks Next, neighbors here in au contain.
22:45
Speaker 11: Neighbor, Good to see you beckon your normal seat.
22:47
Speaker 2: Great to be back, mischief. What's happening with Auckland councilors
22:51
Speaker 2: got a spike and vehicles being illegally driven in public paths.
22:55
Speaker 11: Yes, stupid people, this one okay. So examples include cars
22:59
Speaker 11: and quad like driven over sports fields, motorbikes and scooters
23:03
Speaker 11: tearing up walking tracks, and also unauthorized BMX tracks built
23:07
Speaker 11: in public reserves. Now Scott de Silver he is the
23:10
Speaker 11: manager of Regional Parks. He says, look, this damage impacts
23:14
Speaker 11: local clubs being able to use the fields, and repairs
23:17
Speaker 11: can cost thousands of dollars. So you know they've got
23:20
Speaker 11: to you know, like lay down soil, reced or regrass it.
23:23
Speaker 11: So he's wanting the public help to get on top
23:25
Speaker 11: of us. Stop it, stop doing this.
23:27
Speaker 2: You fear. When I was a kid, we used to
23:29
Speaker 2: make illegal BMX tracks in the public, put in the
23:32
Speaker 2: you know, in the bush. Oh you criminal, Yeah, but
23:35
Speaker 2: you know it was good fun, although all my friends
23:37
Speaker 2: had to be because the BMX is the smaller bikes
23:40
Speaker 2: kind of cool ones. And then I always had a
23:42
Speaker 2: giant mountain bikes. You must have fallen over all the
23:47
Speaker 2: time on the tracks ever, doing these tracks and on
23:51
Speaker 2: the st so did.
23:52
Speaker 13: You have what was there?
23:52
Speaker 11: Did you have a ten speed?
23:53
Speaker 6: Oh?
23:54
Speaker 2: No?
23:54
Speaker 11: What they have back in those days.
23:56
Speaker 2: With the shocks at the front, big mountain bikes. Oh yeah, anyway,
24:00
Speaker 2: so I don't know if that's such, if that's a
24:02
Speaker 2: terrible thing, But the rest of it is bad, isn't
24:04
Speaker 2: it it is? And how's our weather? Neva?
24:06
Speaker 11: Fine, morning frost. I know the rest of the country.
24:09
Speaker 11: We're going shut up Auckland, but we don't have morning frost.
24:12
Speaker 11: And this week it is cold for us. It's currently
24:14
Speaker 11: like three or four degrees so it's going to be
24:17
Speaker 11: like this for the next two or three days. Wrap up, Well,
24:19
Speaker 11: thirteen is a high here in Auckland.
24:21
Speaker 2: She's nippy. He's nippy, all right, nippy, thanks, Neva. Seventeen
24:24
Speaker 2: away from six News talksb Gavin Gray out of the UK. Next,
24:29
Speaker 2: Gavin's going to talk to us about you know, the
24:31
Speaker 2: Southport issue we had last year and they went after
24:34
Speaker 2: this guy and they realized actually he was planning some
24:37
Speaker 2: sort of attack, some sort of mass casualty event. But
24:41
Speaker 2: you cannot in the UK. This is the problem they're
24:44
Speaker 2: trying to fix. You cannot go after someone just because
24:47
Speaker 2: you know they're planning an attack. Does that make any sense?
24:49
Speaker 2: Not really? Seventeen to six that's next. Good news for Milford.
24:53
Speaker 2: This morning they've taken out the Consumer New Zealand People's
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Speaker 2: Choice Award Kiwi Saver for the Milford Kiwi sab Plan
24:59
Speaker 2: and this this makes it eight years on the trop
25:02
Speaker 2: for Milford. Well done. Now, there's also morning Star's latest
25:05
Speaker 2: independent survey which you can find at Morningstar dot com
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Speaker 2: dot Au that shows that Milford's had the number one
25:11
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25:17
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Speaker 2: reliable indicator of future performance. Milford Funds Limited. Is the
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Speaker 2: issue of the Milford Keewsaber Plan. You've got to read
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25:57
Speaker 1: Advice, International Correspondence with ins and Eye Insurance Feace of
26:02
Speaker 1: Mind for New Zealand business.
26:04
Speaker 2: Kevin Gray is a UK you're a correspondent, Kevin. Good morning,
26:06
Speaker 2: good evening to you hither an Now tell us about
26:10
Speaker 2: this new criminal offense that you need to tag it
26:13
Speaker 2: people who are preparing potentially preparing a mess killing event.
26:18
Speaker 13: Yeah, this is trying to tighten up the legislation over
26:21
Speaker 13: those who are preparing to make an attack but actually
26:24
Speaker 13: might not get around to it, or might be planning
26:27
Speaker 13: it and might do it if they're not stopped. Now,
26:30
Speaker 13: let's just take a look. If you remember those awful
26:32
Speaker 13: stabbings at a Taylor Swift themed dance class in Southport
26:37
Speaker 13: in the northwest of England nearly a year ago. The
26:40
Speaker 13: man who is now in prison, Axel Ruda Bacana, seriously
26:44
Speaker 13: injured eight girls along with two adults who tried to
26:47
Speaker 13: stop a killer, but he did murder three little girls
26:50
Speaker 13: with a knife. Now, had police found that he was
26:53
Speaker 13: researching a target prior to the attack, they actually couldn't
26:57
Speaker 13: have arrested and charged him with a serious offense. He
27:00
Speaker 13: had no ideological motive linked to the definition of terrorism.
27:04
Speaker 3: What do I mean?
27:05
Speaker 13: Well, in other words, he wasn't saying I'm going to
27:07
Speaker 13: do this on behalf of the iss or anything like that,
27:10
Speaker 13: and therefore he couldn't have been charged. Now the government
27:14
Speaker 13: has said, look, this is a bit of a gap
27:16
Speaker 13: we think in obviously our legislation. So what we want
27:19
Speaker 13: to do is even if somebody does not have any
27:22
Speaker 13: clear ideology but is researching and has the power to
27:27
Speaker 13: do such an attack, then we can treat them the
27:30
Speaker 13: same as we would if they were a terrorist suspect.
27:33
Speaker 13: And that involves a whole load of other legislation which
27:35
Speaker 13: is much much stricter and allows people to be kept
27:38
Speaker 13: in custody for longer to be questioned. So that's what
27:41
Speaker 13: the government's now looking at, and terror suspects can take
27:45
Speaker 13: steps towards an attack can now be jailed for life
27:49
Speaker 13: if these plans go ahead, even if the attacker's plans
27:52
Speaker 13: are not fully formed.
27:53
Speaker 2: In this data breaks we've been covering for the last week,
27:55
Speaker 2: the data breaks involving f gens whose deep personal detail
28:00
Speaker 2: else were made public. They wanting some of them on
28:02
Speaker 2: in compensation.
28:04
Speaker 13: Ryan, this story just gets worse and worse. A data
28:07
Speaker 13: leak that is likely to cost at least two and
28:10
Speaker 13: a half billion New Zealand dollars a simple one person,
28:15
Speaker 13: unnamed official making a mistake within the Ministry of Defense.
28:18
Speaker 13: And we learned, of course at the start that there
28:21
Speaker 13: were Afghans on this list who had tried to come
28:23
Speaker 13: to the UK and they were wanting to come to
28:26
Speaker 13: the UK because some of them had helped the Allied
28:29
Speaker 13: forces with language interpretations, that translations, that sort of thing
28:33
Speaker 13: during the Afghanistan War. Then we learned it was over
28:36
Speaker 13: one hundred SAS and SBS special forces personnel along with
28:42
Speaker 13: security personnel who were also on this list. And now
28:46
Speaker 13: the government is saying, well, actually, do you know what
28:48
Speaker 13: the thousands of Afghans, some of whose were personal details
28:51
Speaker 13: were leaked but were not evacuated, will probably not receive compensation.
28:57
Speaker 13: The Ministry of Defense is saying that they are going
28:59
Speaker 13: to rule so bustly defend against an illegal action or compensation.
29:04
Speaker 13: And that is the fear that because if they have
29:06
Speaker 13: to compensate any Afghan individual who whether or not they've
29:10
Speaker 13: tried to come to the UK, is another matter. Because
29:13
Speaker 13: they were somehow on this list, then then they should
29:16
Speaker 13: be inside of the big compensation. And indeed we are
29:18
Speaker 13: already seeing the start of class actions with various solicitors
29:23
Speaker 13: suggesting that those complaining get together for a sort of
29:26
Speaker 13: class action, and that could make this an even more
29:29
Speaker 13: expensive mistake, run.
29:31
Speaker 2: Very expensive mistake. I would hate to be the guy
29:33
Speaker 2: that sent the email that now costs the government two
29:35
Speaker 2: point five billion dollars. Kevin Gray are UK, you're correspondent
29:38
Speaker 2: ten away from six, Ryan Bridge in place and figure
29:41
Speaker 2: out today this is the quarter two expecting an increase.
29:44
Speaker 2: But how big is the question? And how does the
29:45
Speaker 2: Reserve Bank respond? Mark Smith, asb Senior economis with us
29:48
Speaker 2: this morning. Mark, good morning, Good morning Ryan. What's driving that?
29:52
Speaker 2: Is it domestic or imported?
29:55
Speaker 14: What we are seeing is really domestic complation is higher calling.
30:00
Speaker 14: But what's really driving the tack up inflation is that
30:02
Speaker 14: goods price inflation has been very low, but now that's
30:05
Speaker 14: picking up. So that's what's driving the increase.
30:08
Speaker 2: Are we're saying, And what's driving that, well, a.
30:12
Speaker 14: Whole bunch of things. Really, what we're seeing is food
30:14
Speaker 14: price inflation. Anyone going to the supermarket has really experienced that,
30:19
Speaker 14: and some of the goods prices as well are picking up.
30:22
Speaker 14: But really the key story I think for the Reserve
30:24
Speaker 14: Bank is that domestic inflation is calling, but not quickly
30:28
Speaker 14: enough just yet.
30:29
Speaker 2: And so what is that? Well, first of all, what
30:31
Speaker 2: are you expecting today? What number?
30:34
Speaker 14: Yeah, we're about two point eight percent for the year.
30:36
Speaker 14: It could be a bit higher than that, but I
30:38
Speaker 14: think the key thing for now is that domestic inflation
30:41
Speaker 14: is calling things like rents and construction costs inflation. They're
30:45
Speaker 14: calling areas that with the large amount of sphere labor
30:51
Speaker 14: capacity they're calling as well. But really that good sector
30:55
Speaker 14: where we're starting to see a bit of a tack
30:57
Speaker 14: up inflation. And that's that's really with focuses at the moment.
31:01
Speaker 2: Okay, so two point eight percent, if we land where
31:04
Speaker 2: you think we will, the Reserve Bank can look through
31:06
Speaker 2: it and still cut rates next month.
31:08
Speaker 14: Yeah, that's the hope. Really, that domestically generated inflation. I
31:12
Speaker 14: think that's the area where you know, there's more spear
31:15
Speaker 14: capacity appearing, and that's where inflation should come up in time.
31:20
Speaker 14: Now For the Reserve Bank, really what they're going to
31:22
Speaker 14: do is to try and look through the spike. Now
31:25
Speaker 14: we expect inflation to publish slightly above three percent in
31:28
Speaker 14: the middle of the year, I Q three, but then
31:31
Speaker 14: to call after that. But really it's that speed capacity
31:34
Speaker 14: is dominating and driving overall inflation light in time.
31:37
Speaker 2: What sort of number would we need to see today
31:39
Speaker 2: for them to not cut do you reckon?
31:43
Speaker 14: I think anything around above three And also for those
31:46
Speaker 14: domestic domestic they generated inflation rates for those to stop calling,
31:50
Speaker 14: I think that for them would be a worry.
31:52
Speaker 3: Mark.
31:52
Speaker 2: Appreciate your time this morning, Mark Smith, as we senior
31:55
Speaker 2: economists you're on news Talk said be that number coming
31:57
Speaker 2: out at ten forty five this morning. Mike's here x
32:00
Speaker 2: back from his time off the first Word on the
32:03
Speaker 2: News of the Day early edition with Ryan Bridge and
32:07
Speaker 2: x fol Insulation keeping Kiwi, Holmes Warm and Drey this
32:11
Speaker 2: winter News Talks. That'd be it is five to six
32:14
Speaker 2: now morning, Ryan. This is in regards to NCAA and
32:17
Speaker 2: the assessments that they do because most of the young
32:20
Speaker 2: people are being done by internal assessment rather than an
32:23
Speaker 2: external exam, which is AI proof. Ryan, they should allow
32:27
Speaker 2: you to get the internal credits, says Chris, but then
32:30
Speaker 2: stop you from graduating unless you set the exam. I
32:33
Speaker 2: think that's probably reasonable. Five to six. Ryan Bridge, and
32:37
Speaker 2: Mike is back from some time off.
32:39
Speaker 15: Mike, welcome back, Thank you very much. What a waste
32:41
Speaker 15: of time that report was, wasn't it. I mean, anyone
32:44
Speaker 15: who's got any experience with NCA knows full well what
32:48
Speaker 15: a wrought it's been and been for it. First of all,
32:50
Speaker 15: any idiot can get level one. If you can't get
32:52
Speaker 15: level one, something's seriously gone wrong. Either you've got a
32:55
Speaker 15: learning difficulty, or you're not turning up at school or
32:58
Speaker 15: the teachers are cramp hopeless. And then this internal assessment
33:03
Speaker 15: thing that's been going on forever. Every one of our kids,
33:06
Speaker 15: every single one of our kids piled up a bunch
33:09
Speaker 15: of credits and they sort of finished school in September
33:13
Speaker 15: and they said, I don't really need to do it
33:14
Speaker 15: anymore because I've got.
33:15
Speaker 2: My eighty you know, yes, section credits. I did that,
33:19
Speaker 2: But I would still go to the exam. And there's
33:20
Speaker 2: no way I would never not turn up to an exam. Yeah,
33:23
Speaker 2: but you're not like everybody else, and that for good
33:27
Speaker 2: or bad. But at the end of the day, if
33:28
Speaker 2: you need X number of cruits you need X number
33:30
Speaker 2: of cruits. Think about it this way.
33:33
Speaker 15: You look at the kids, the way they've been dicked
33:34
Speaker 15: around with COVID. They got locked down.
33:37
Speaker 2: It's not all their fault, of course it's not.
33:39
Speaker 15: But the look at class Look at what they're going
33:41
Speaker 15: out into the world with the closer open classrooms.
33:44
Speaker 2: We like open classrooms. Oh wops, no we don't, Jenny,
33:46
Speaker 2: Pigs will.
33:47
Speaker 15: Lock you down suddenly. The whole system you've spent your
33:49
Speaker 15: entire education system with, we don't like any I have.
33:52
Speaker 2: To say the listeners are loving having you back. But
33:55
Speaker 2: on a personal note, it's great to have the cleaner back.
33:58
Speaker 2: Is what a pigs it was, What a disgrace. It
34:03
Speaker 2: was disgusting. Like next see tomorrow.
34:07
Speaker 3: For more from Early Edition with Ryan Bridge.
34:10
Speaker 1: Listen live to News Talks it'd be from five am weekdays,
34:13
Speaker 1: or follow the podcast on iHeartRadio.