Latest / Early Edition with Ryan Bridge / Full Show Podcast: 18 February 2026

Transcript

Full Show Podcast: 18 February 2026 · Early Edition with Ryan Bridge

0:01
Speaker 1: The issues, the interviews and the inside. Ryan Bridge on
0:05
Speaker 1: early EDITI with one Route Love where You Live News Talks.
0:09
Speaker 2: That'd be Good Morning at six alfter five. Coming up
0:11
Speaker 2: on the show, we'll speak to civil contractors about the
0:14
Speaker 2: infrastructure plan that's come out the nine Dollars told across
0:17
Speaker 2: the Harbor. We are in the UK with Gavin. Also
0:20
Speaker 2: this morning, we'll speak to a baker on the price
0:22
Speaker 2: of bread and Westpac on the OCI.
0:26
Speaker 1: The agenda when.
0:28
Speaker 2: Say the Adding the February US civil rights leader Jesse
0:31
Speaker 2: Jackson has died. He was eighty four years old. He
0:33
Speaker 2: was diagnosed with Parkinson's disease back in twenty seventeen. You
0:36
Speaker 2: may remember him from his work alongside Martin Luther King
0:39
Speaker 2: Junior that was in the sixties, or this famous speech
0:42
Speaker 2: in nineteen eighty eight, we must love.
0:45
Speaker 3: A surrender, A miracle will get better and better. Keep more,
0:50
Speaker 3: Belie Keepee.
0:54
Speaker 2: Lie, amazing stuff staying in the US. In an interview
0:57
Speaker 2: with the BBC, Hillary Clinton the clues accusing Trump of
1:00
Speaker 2: a cover up over Epstein. She got and the reason
1:04
Speaker 2: she's doing these interviews is because she's about to appear
1:06
Speaker 2: and testify herself next week. So she gets ahead of it.
1:09
Speaker 2: She gets in front of a camera with an interviewer
1:12
Speaker 2: who might be a bit friendlier. She got asked if
1:14
Speaker 2: Andrew should front up to testify.
1:16
Speaker 4: I think everybody should testify, well, including the former prince.
1:19
Speaker 4: I think everybody should testify who was asked to testify.
1:23
Speaker 4: I just wanted to be fair. I want everybody treated
1:27
Speaker 4: the same way. That's not true for my husband and me,
1:30
Speaker 4: because other witnesses were asked to testify, they gave written
1:34
Speaker 4: statements under oath. We offered that they want to pull us.
1:38
Speaker 4: Why did they want to pull us into this? To
1:41
Speaker 4: divert attention from President Trump?
1:43
Speaker 2: Now, talks between Iran and the US over Iran's nuclear
1:46
Speaker 2: program of ended. This is all happening in Geneva. Here's
1:48
Speaker 2: the Iranian Foreign Minister.
1:49
Speaker 5: URON has consistently emphasized its commitments to cooperation with the
1:54
Speaker 5: International Atomic Energy Agency Iroon's peaceful nuclear program has been
1:59
Speaker 5: subject to extensive and unprecedented verification measures under IAA safeguards.
2:06
Speaker 5: Our cooperation with the agency has always been guided by professionalism, transparency,
2:11
Speaker 5: and respect for a national sovereignty.
2:13
Speaker 2: So apparently there's a framework that's coming and the US
2:16
Speaker 2: still building up its military might in the region.
2:19
Speaker 1: News and Views you trust to start your day. It's
2:23
Speaker 1: early edition with Ryan Bridge and one roofe Love Where
2:27
Speaker 1: you Live.
2:28
Speaker 2: News Talks d B nine two ninety two is the
2:30
Speaker 2: numbered text just gone eight minutes after five. Would love
2:32
Speaker 2: to hear from you this morning, especially how would you
2:34
Speaker 2: feel And it's just a proposal at the stage, but
2:36
Speaker 2: I want to know how you feel about the thought,
2:38
Speaker 2: just the thought of a nine dollars toll across the
2:40
Speaker 2: Auckland Harbor Bridge, both of them. If we get to
2:43
Speaker 2: end up with two flicking your text, I'll talk to
2:46
Speaker 2: you about that at twenty past this morning. Are you
2:48
Speaker 2: noticing that councils and pay councils and public servants to
2:52
Speaker 2: be feared doing that annoying thing lately where they do
2:54
Speaker 2: the no comment and the reason they give you is
2:57
Speaker 2: it's all under investigation. Come on, no one's buying this
3:01
Speaker 2: happened with that person, that poor person that was mauled
3:03
Speaker 2: to death by dogs at a properly up north yesterday.
3:07
Speaker 2: Council says, no, we're not talking because an investigations underway.
3:11
Speaker 2: Presumably they mean a police investigation. Otherwise, why wouldn't you
3:15
Speaker 2: be able to talk. The thing is they've got nothing
3:17
Speaker 2: to do with that. That has nothing to do with them.
3:20
Speaker 2: They were asked questions by Checkpoint yesterday about four phone
3:24
Speaker 2: calls that the neighbor made to the council about the
3:27
Speaker 2: dangerous dogs roaming on the streets, you know, aggressive dogs
3:30
Speaker 2: on the streets. Calls the council four times in a year.
3:33
Speaker 2: Neighbors's Council did nothing. So that wouldn't be a very
3:38
Speaker 2: good look for the council, would it. So is that
3:40
Speaker 2: why they're not fronting? You know, there is no legal
3:42
Speaker 2: reason whatsoever they can't front up to the public and
3:45
Speaker 2: answer some simple questions. They'll have records, they'll have call logs,
3:49
Speaker 2: they've got a bloody comms team for goodness sakes, probably
3:52
Speaker 2: costing an arm and a leg. There's no legal reason
3:55
Speaker 2: not to do it, and surely there's a moral reason
3:57
Speaker 2: to do it. Same goes for Wellington order. They shut
4:01
Speaker 2: up shop, called in the lawyers, clammed up faster than
4:04
Speaker 2: you could fill the cook straight with sewage, and they
4:07
Speaker 2: basically had to be dragged and screaming to that public
4:09
Speaker 2: town meeting they had the other day by the mayor.
4:12
Speaker 2: And then they wouldn't front afterwards. They're using these investigations
4:16
Speaker 2: as an excuse, but it's not a real one. It's
4:19
Speaker 2: made up. It's convenient, and we the public are the
4:23
Speaker 2: ones being hoodwinked by what is now a well worn
4:26
Speaker 2: media tactic that serves them but not us, Ryan Bridge,
4:30
Speaker 2: up five and two is the numbers text, right, we
4:32
Speaker 2: gets CALLI e cold. Next, see what Arna Brimmen is
4:35
Speaker 2: going to do with the and the Monetary Policy Committee.
4:37
Speaker 2: It's not just her today with the OCR.
4:40
Speaker 1: The news you need this morning and the in depth
4:43
Speaker 1: analysis early edition with Ryan Bridge and one Roote Love
4:47
Speaker 1: where you live News Talks.
4:49
Speaker 2: A'd be five point thirteen on news Talk said be
4:52
Speaker 2: yes Taylor Taylor's text and is this nine dollars each
4:55
Speaker 2: trip over? Yes, that is from reading the report. That's
4:57
Speaker 2: what they're suggesting. It would have to be. And I'll
5:00
Speaker 2: tell you why at about twenty past five this morning.
5:03
Speaker 2: This is the toll over the Harbor Bridge from that
5:04
Speaker 2: infrastructure report. And we'll speak to civil contractors about all
5:07
Speaker 2: of this stuff just before six this morning, Ryan Bridge. Right,
5:11
Speaker 2: we'll go to the OCR. Big day for the new
5:13
Speaker 2: Reserve Bank Governor Arna Breman. Today she will reveal her
5:16
Speaker 2: first ocr decision as the head of the RBNZ. All
5:19
Speaker 2: signs point to a hole. But then what happens after that?
5:21
Speaker 2: When do we start hiking? That's the question. Will we
5:24
Speaker 2: glean some insight Kelly Echold, Westpac chief economists with us
5:27
Speaker 2: this morning, Kelly, good morning morning. So hold today and
5:31
Speaker 2: then you know, the isn't the problem that they say, oh,
5:34
Speaker 2: we might hike in I don't know, December, and then
5:36
Speaker 2: the market price is in a hike in like April.
5:41
Speaker 6: Yeah, well, that is the balancing action's going to do here, right,
5:44
Speaker 6: Like the market has already got a bit of a
5:46
Speaker 6: hawkish bent. I've got a couple of hikes christ for
5:50
Speaker 6: this year already, and she will know that if they're
5:54
Speaker 6: too aggressive, then they'll scale the horses into having people
5:58
Speaker 6: expect that it's all going to even tomorrow.
6:01
Speaker 2: So fine balancing act, what do they need to give
6:05
Speaker 2: a sort of a foward track, which she's sort of
6:06
Speaker 2: outline when she started that they.
6:08
Speaker 6: Would, right, yeah, Well, they're going to give us some
6:11
Speaker 6: poecasts they always do, and those I expect will indicate
6:17
Speaker 6: that there's going to be a good chance of a
6:20
Speaker 6: tightening before the end of the year. But you know,
6:24
Speaker 6: important here is I think what the communications is around it.
6:28
Speaker 6: This is Governor Brevans first MPs, So we're going to
6:32
Speaker 6: learn a lot about how she thinks about things and
6:34
Speaker 6: sorts of factors that the Reserve Bank thinks are important
6:37
Speaker 6: right now, and crucially just how much confidence that they
6:40
Speaker 6: have in the ekidomic recovery that we're seeing a few
6:44
Speaker 6: sides of.
6:44
Speaker 2: Now, what about inflation? You know, because last end of
6:48
Speaker 2: last year everyone was saying to me and to us
6:52
Speaker 2: that we don't worry, we can look through inflation. You
6:54
Speaker 2: know it's going to be fine. Are we still looking
6:56
Speaker 2: through all this?
6:58
Speaker 7: Yeah?
6:58
Speaker 6: Well that's one of the key question. I mean, the
7:01
Speaker 6: uncomfortable thing for the Reserve Bank is inflation is above
7:03
Speaker 6: three percent right now. So I mean they're going to
7:07
Speaker 6: be saying to us that inflation is too high because
7:09
Speaker 6: it is. One of the things that we're all going
7:12
Speaker 6: to be studying quite carefully is just how comfortable are
7:16
Speaker 6: they going to be with inflation staying now above two
7:19
Speaker 6: percent for the sevil future? You know, what does inflation
7:24
Speaker 6: heading back towards two percent really mean? If it's only
7:28
Speaker 6: going to bottom out it's a two point two, two
7:31
Speaker 6: point three or two point four percent.
7:33
Speaker 2: She did say when quite clearly, and you've got to
7:36
Speaker 2: listen to people when they say things when she came
7:39
Speaker 2: in when she came to New Zealand, she said in look,
7:41
Speaker 2: inflation is my number one job. It is my only job.
7:45
Speaker 6: That's right, she said consistently, she's laser focused on inflation,
7:50
Speaker 6: and in the Reserve Bank's mandate it only has inflation
7:53
Speaker 6: in the in the target. So that would logically mean
8:00
Speaker 6: that if this economy is going to recover, then they
8:04
Speaker 6: should shouldn't be happy with keeping interest rates below three
8:07
Speaker 6: percent because those are pretty stimulatory levels. I think are
8:12
Speaker 6: kind of like a focus really has to be here
8:14
Speaker 6: on how confident are they in the recovery. When are
8:19
Speaker 6: they going to get confidence that there won't be any
8:21
Speaker 6: extra capacity list of economy? Is that going to something
8:24
Speaker 6: that's going to take them six months or twelve months
8:27
Speaker 6: to get their heads around.
8:29
Speaker 2: Kelly, appreciate you were update this morning. Kelly Echold Westpactief
8:32
Speaker 2: Economist's time is sixteen after five graham Bridge rumors yesterday.
8:37
Speaker 2: This is from business desk of an IPO for MetLife Care,
8:40
Speaker 2: so they're refusing to confirm all today. However, there was
8:44
Speaker 2: a report from the Australian Financial Review, which says they
8:47
Speaker 2: have already started to engage your Macquarie capitals, your jardens,
8:51
Speaker 2: your Forsyth bars to lead an IPO. It went private
8:56
Speaker 2: in just after COVID October of twenty two, private for
9:01
Speaker 2: a one point three billion dollar buyout from some Swedish
9:04
Speaker 2: outfit and quite a good prospects on the future. You'd
9:09
Speaker 2: have to say thirty six villages around the country. That's
9:11
Speaker 2: a fifty percent increase since they took it private, twenty
9:14
Speaker 2: five care homes, the number of care homes up from
9:17
Speaker 2: forty percent to two thirds of villages, and they made
9:20
Speaker 2: a net profit of sixty six million bucks in the
9:22
Speaker 2: year of June twenty five, that was up twenty five percent.
9:25
Speaker 2: They've got a bunch of green field sites for future development,
9:28
Speaker 2: all that kind of stuff. So there you go. You
9:29
Speaker 2: might have some new years you can buy. Seventeen after five,
9:33
Speaker 2: we'll speak to a baker about the price of bread.
9:35
Speaker 1: Next the first word on the News of the Day
9:39
Speaker 1: early edition with Ryan Bridge and one Root Love where
9:43
Speaker 1: you live News talks.
9:44
Speaker 2: That'd be news talks. He'd be just gone twenty after five.
9:47
Speaker 2: So food prices jumped four point six percent in the
9:50
Speaker 2: year to January. That's the biggest monthly rise in four years.
9:53
Speaker 2: But I mean the monthly rise is not much to
9:55
Speaker 2: write home about. White Bread, though, was leading the charge
9:57
Speaker 2: up nearly sixty percent. So what cost you your dollar
10:00
Speaker 2: forty last year will now set you back about two
10:02
Speaker 2: bucks twenty. Bernie Sugrew is the Baking Industry Association President.
10:07
Speaker 2: He's a baker and he's with us this morning. Hey Bernie,
10:11
Speaker 2: how are you today? Very well? Thank you? So what
10:13
Speaker 2: are we Is this the cost of wheat? Right?
10:17
Speaker 7: Oh? Okay, Look, baking New Zealand represents the smaller bakeries,
10:20
Speaker 7: and New Zealand the hard working mom and dad's got
10:24
Speaker 7: the smaller bakeries. So I'm not really sort of the
10:27
Speaker 7: big bread baron game to comment about the dollar forty
10:32
Speaker 7: loads of bread that's gone to to twenty. But gee,
10:38
Speaker 7: in nineteen ninety loads of bread had a were two
10:41
Speaker 7: dollars and then they had a price work ninety nine cent.
10:44
Speaker 7: So for a loaf of bread still to be only
10:46
Speaker 7: two twenty one, it's pretty cool.
10:50
Speaker 2: Are they lost leaders? Will they be making a loss
10:52
Speaker 2: on that stuff? The supermarkets? Do you reckon?
10:57
Speaker 7: Look, someone's making a loss. I don't think it's a supermarket,
11:00
Speaker 7: said the pole manufacturer. Assure, you're getting hounded. Look, it's
11:05
Speaker 7: even if it did go up sixty percent, it's ten
11:08
Speaker 7: cents of sandwich. You know, you get fourteen loads to
11:11
Speaker 7: sorry foot in slices to the loaf seven sandwiches, So
11:15
Speaker 7: it's gone up ten cents of sandwich if you're making
11:17
Speaker 7: a sandwich at home. Look, the supermarkets or the manufacturers
11:22
Speaker 7: aren't winning in this game. I know we need to
11:25
Speaker 7: have some low prices for the consumer because that's what.
11:28
Speaker 6: La It's all about.
11:29
Speaker 7: The bread is still quite cheap commodity. Really at the
11:33
Speaker 7: end of the day when you when you look at
11:34
Speaker 7: parking your car in Aukland, or you know, buying a
11:38
Speaker 7: bottle of water, bottle of water to petrol, they wind
11:42
Speaker 7: were you wint about paying three hours for down there
11:44
Speaker 7: a leader of petrol. But if you buy a six
11:48
Speaker 7: hundred middle of water for four to sixty that's like
11:50
Speaker 7: seven dollars a liter.
11:52
Speaker 2: Bernie. It's it's strange because the price of bread really
11:55
Speaker 2: hasn't shifted all that much in the last few decades.
11:58
Speaker 2: And why do you why is going up now? Like
12:01
Speaker 2: is this to do with the price of the you know,
12:03
Speaker 2: the wheat increase.
12:05
Speaker 7: Now, I think actually the focusing one loaf're focusing on
12:09
Speaker 7: this one cheap loaf that's around for a dollar forty
12:11
Speaker 7: now gone to.
12:11
Speaker 8: Two twenty one.
12:12
Speaker 7: So I don't think. I don't think bread in general
12:14
Speaker 7: has gone up a lot. That one loaf that is
12:17
Speaker 7: in the market might have gone up, but I don't
12:20
Speaker 7: think in general bread's gone up a lot. But yes,
12:22
Speaker 7: there has been a lot of increases for bakeries out there, wheat, transport, wages, compliance,
12:29
Speaker 7: you know. But I think, please don't focus on sixty
12:33
Speaker 7: percent in general that bread's gone up, because it hasn't.
12:36
Speaker 7: That one loaf that was forty that's now maybe two
12:40
Speaker 7: twenty one. Okay, cool, that's fine. That's in its own
12:43
Speaker 7: little area. But bread in general has not gone up
12:46
Speaker 7: sixty percent.
12:47
Speaker 2: I know that you're more focused on your higher quality,
12:49
Speaker 2: locally made stuff. Bernie. You mentioned that, Will I get
12:52
Speaker 2: more full eating one of your pieces of bread than
12:55
Speaker 2: I would five of these?
12:59
Speaker 7: Hey will, no doubt. If you'd buy you know, like
13:01
Speaker 7: a sourdough bread that's like one kilo, which is reasonably dent,
13:06
Speaker 7: each slice is gonna be a lot more than that
13:08
Speaker 7: six hundred gram loaf that you know we're concentrating on
13:13
Speaker 7: now that's gone up sixty percent. Normal bakeries in a
13:19
Speaker 7: smaller industry would have like a square white loaf of
13:21
Speaker 7: bread that you like taking home will be around seven
13:24
Speaker 7: hundred and fifty gram when the statistics that I believe
13:28
Speaker 7: that I got sent from you guys was a six
13:30
Speaker 7: hundred gram loaf of bread. So yeah, yeah, there's more
13:34
Speaker 7: weight in a more odds and loaf for sure.
13:38
Speaker 2: Yeah, all right, well I'll keep buying that then, Bernie,
13:41
Speaker 2: appreciate you. Hey, how's China going, by.
13:43
Speaker 7: The way, fantastic. Look, I've been over here for Chinese
13:47
Speaker 7: New Year. They love celebrating for sure, and a great
13:52
Speaker 7: people like it's lovely to be over here. I've got
13:55
Speaker 7: my wee silver Fern Baking New Zealand shirt on and
13:57
Speaker 7: they'll give me a bit of a thumbs up. And
14:00
Speaker 7: they love New Joleners. We don't sort of bomb too
14:02
Speaker 7: many people.
14:03
Speaker 2: I appreciate your time, Bernie, enjoy and hopefully he can
14:06
Speaker 2: get some good sales over there. That's Bernie Sagu who's
14:09
Speaker 2: Baking Industry Association President twenty four After five, we'll talk
14:12
Speaker 2: about that bridge charge.
14:13
Speaker 1: Next the early edition full the show podcast on iHeartRadio,
14:18
Speaker 1: how It by News.
14:19
Speaker 7: Talks It be.
14:21
Speaker 2: Five twenty six on News TALKSB. Would you pay nine
14:24
Speaker 2: bucks to cross the Harbor Bridge? The answer, of course,
14:27
Speaker 2: depends on whether you can afford it. Congestion charging is coming,
14:30
Speaker 2: don't forget that, So if you're going at peak times,
14:33
Speaker 2: it's going to cost you a hell of a lot
14:34
Speaker 2: to drive. This is only a proposal, by the way,
14:38
Speaker 2: based on the original toll inflation adjusted that was almost
14:41
Speaker 2: seventy years ago. Now the suggestion, and nothing's hard and
14:45
Speaker 2: fastest comes from the Infrastructure Commission report we got out yesterday.
14:49
Speaker 2: We know there'll be a toll to cross the new
14:51
Speaker 2: bridge or tunnel, whichever gets built, because the government has
14:54
Speaker 2: already told us that they will do that. That've told
14:57
Speaker 2: us they'll be a toll. What we know now is
15:00
Speaker 2: that both the old and the new crossing will need
15:03
Speaker 2: to be told, so there's no avoiding it. If you
15:05
Speaker 2: can avoid it, they don't collect the revenue that they
15:07
Speaker 2: need to pay for the new one, and then you go,
15:10
Speaker 2: why nine dollars? They reckon? It's the sweet spot that'll
15:14
Speaker 2: get enough people using it. To make enough money to
15:17
Speaker 2: pay for the new build again without scaring everybody off
15:20
Speaker 2: and then leaving it short on revenue. So basically driving
15:23
Speaker 2: a car over the bridge becomes a luxury item. You'll
15:26
Speaker 2: either need to be a little bit rich, or as
15:30
Speaker 2: happens overseas, your employer might pay for your car, or
15:33
Speaker 2: or you to your truck to crossover. But what about
15:36
Speaker 2: everybody else, Well, don't worry. When they build the new bridge,
15:40
Speaker 2: it'll have bus lanes or public transport options or trains
15:44
Speaker 2: on it as well, so you can get public transport
15:46
Speaker 2: and that'll be cheaper. Most people they reckon in this
15:50
Speaker 2: report will opt for the alternative, the public transport, which
15:54
Speaker 2: is fine so long as public transport suddenly becomes reliable
15:59
Speaker 2: and more linked and bus drivers aren't getting stabbed and
16:01
Speaker 2: bashed all the time, which is currently the problem they have.
16:04
Speaker 2: The other point here is is nine dollars actually that
16:09
Speaker 2: much money in the scheme of things. People cross the
16:12
Speaker 2: harbor by ferry for about that price every day, but
16:16
Speaker 2: there is a cap on how much you pay over time,
16:18
Speaker 2: of course, and usually you haven't got your car running
16:20
Speaker 2: costs and your petrol et cetera, et cetera, so driving.
16:23
Speaker 2: We've basically become a premium option. The question then becomes,
16:27
Speaker 2: do you not build something like this because nine dollars
16:32
Speaker 2: And the answer is simple, of course you do. If
16:34
Speaker 2: we complain about the cost of building stuff and never
16:36
Speaker 2: build a thing, we will continue this death spiral that
16:39
Speaker 2: we've been in. We need productivity, growth, infrastructure, all those
16:43
Speaker 2: good things, and they don't come from nowhere. They come
16:45
Speaker 2: from good planned investment. What we need is decent financial
16:51
Speaker 2: controls on the design and construction. We need a government
16:54
Speaker 2: doing the budget rather than the gold plated version, and
16:58
Speaker 2: then we need the government to agree with the one
17:00
Speaker 2: that comes after it that this is in the national interest.
17:04
Speaker 2: This is a national interest project. Mess with the bridge
17:08
Speaker 2: and you mess with us, and then it's simple. You
17:11
Speaker 2: just get on and build the thing. Minutes after five
17:15
Speaker 2: on News Talks seed B, I've got the global dairy
17:17
Speaker 2: Trade auction numbers for you when we get back from
17:19
Speaker 2: news and we will speak to several contractors about that
17:23
Speaker 2: report from the infracom. Before six, News Talk sead.
17:27
Speaker 1: B get ahead of the headlines on an early edition
17:41
Speaker 1: with Ryan Bridge and one roof Love. Where you live
17:45
Speaker 1: News Talk set B.
17:46
Speaker 3: What's your record?
17:49
Speaker 7: Tell me.
17:54
Speaker 2: Brought away from six. Great to have your company this
17:56
Speaker 2: Wednesday morning. Good news for dairy farmers. This is the
18:00
Speaker 2: global Jerry Trade auction overnight pre Christmas. It was falling
18:03
Speaker 2: New Year. We're rising. Things are looking good. It's up
18:05
Speaker 2: three point six percent this morning. And the important bits
18:09
Speaker 2: for us whole milk powder up two and a half
18:11
Speaker 2: percent in the auction, three percent for skim milk powder.
18:14
Speaker 2: Your butter. You won't like this because your bread's just
18:17
Speaker 2: gone up nearly doubled in price over the last year,
18:20
Speaker 2: but your butter's just gone up ten point seven percent.
18:22
Speaker 2: This is all from a wholesale point of view anyway.
18:24
Speaker 2: Mozzarella up five percent this morning. Before six we're going
18:29
Speaker 2: to talk about that Infrastructure Commission report and get a
18:32
Speaker 2: civil contractor view on it. And Gavin Gray's in the
18:34
Speaker 2: UK for us. Very quickly on. We just heard in
18:37
Speaker 2: the news about the board clean out that's happening at
18:40
Speaker 2: Netball New Zealand, which remember we said when this all
18:43
Speaker 2: kicked off and the CEO left, the board will be
18:45
Speaker 2: next Well, yeah, Matt Winnera is going. He's the chair,
18:48
Speaker 2: plus three others, so that's four total gone from the board.
18:51
Speaker 2: And the message that this sends to anyone who might
18:55
Speaker 2: even think of messing with Dame Knowles. Is you mess
18:59
Speaker 2: with Dame Knowles and you come out with the bloody nose.
19:02
Speaker 2: It's like take a car versus a freight train. You
19:04
Speaker 2: know you're going to come out crushed and pummeled, aren't you.
19:07
Speaker 2: That's the warning twenty three.
19:09
Speaker 1: To six, Ryan Bridge.
19:10
Speaker 2: Just go to our reporters, Cullum in Dunedin this morning, Culum,
19:13
Speaker 2: good morning, good morning.
19:14
Speaker 9: Right, Yes, you're waving goodbye to the Mad Butcher. Yeah,
19:18
Speaker 9: that's right. Mad Butcher's leaving Dneda after nearly fifteen years.
19:21
Speaker 9: So it's a bit of a blow for the loyal
19:23
Speaker 9: customers of that butchery. The owners, hears say the store
19:27
Speaker 9: will be closing next Friday, following a year long fruitless
19:31
Speaker 9: search for a new location. Their current landlord wants them
19:35
Speaker 9: out so he can expand his neighboring car yard, so
19:39
Speaker 9: more cars, less sausages for us. The Mad Butcher own
19:42
Speaker 9: heres Michael Morton.
19:43
Speaker 7: Ryan.
19:44
Speaker 9: He says they have no option but to close because
19:46
Speaker 9: they can't find another retail site. And as it stands,
19:49
Speaker 9: it's the Mad Butcher's most southern in the country.
19:52
Speaker 2: It's a shame. How's your weather?
19:54
Speaker 9: Showers clear this morning to fine breaks nineteen the.
19:57
Speaker 2: High thank you clear on christ Church morning, clear, good morning,
20:01
Speaker 2: no rain last night. Things have calmed down.
20:03
Speaker 10: Well calm down, but still pouring this morning. I can
20:06
Speaker 10: tell you that much. I mean here in christ Church
20:08
Speaker 10: it's certainly wet, but it's definitely Banks Peninsula where the
20:11
Speaker 10: attention has turned. That is where they are suffering through
20:14
Speaker 10: quite widespread flooding. It's the second time in a year
20:17
Speaker 10: that they've been in this situation. A local state of
20:20
Speaker 10: emergency was declared yesterday and remains in place despite the
20:24
Speaker 10: weather warnings now starting to expire. We still do have
20:27
Speaker 10: State Highway seventy five from Christchurch to Akodoa closed. That's
20:31
Speaker 10: been closed for more than twenty four hours. There's also
20:34
Speaker 10: boil water notices for Wainui and also Little River now
20:38
Speaker 10: Banks Peninsula councilor Tyrone Field says the community has been
20:41
Speaker 10: working with government agencies for years to try to prevent
20:44
Speaker 10: flood damage, but he says the reality is there's a
20:47
Speaker 10: huge catchment in Little River and water has simply got
20:50
Speaker 10: to go somewhere. Field says the community is very well
20:53
Speaker 10: equipped out there to deal with the conditions as we
20:56
Speaker 10: are anywhere in the country.
20:57
Speaker 2: All right, and how's your weather forecast day?
21:00
Speaker 10: Well, that's scattered like Raine, should start to clear, fine
21:03
Speaker 10: breaks developing wasterly's turning north easterly by this afternoon and
21:06
Speaker 10: a high of twenty nice one.
21:08
Speaker 2: Thanks clear and Mexican Wellington Haymax. Hey, what's with this
21:11
Speaker 2: pinchions home?
21:13
Speaker 3: Yeah, so Monday storm obviously terrible, a lot of damage done,
21:18
Speaker 3: but this one incident series of quite ironic and sad circumstances. Really,
21:23
Speaker 3: John Holmes and his partner had only just put the
21:26
Speaker 3: pody doo of property on the market when falling trees
21:29
Speaker 3: all around the house crushed his outdoors, studio, shed, spa
21:34
Speaker 3: and fence fell on his house, caused serious damage to
21:37
Speaker 3: his house. Ironically, as well, this guy's currently off work
21:41
Speaker 3: because a tree fell on his leg and injured him
21:43
Speaker 3: in another accident unrelated to the weather. The sixty four
21:46
Speaker 3: year old had a buyer lined up already to go
21:49
Speaker 3: to buy this house and the sale was meant to
21:51
Speaker 3: become unconditional at six hundred thousand this week. That may
21:56
Speaker 3: be off now. You can read about that in the
21:58
Speaker 3: Heralds see the pictures speaking it is still a week
22:02
Speaker 3: of cleanup in Wellington and getting the last few lates
22:05
Speaker 3: switched back on switched back on.
22:07
Speaker 2: Now that's terrible, that is terrible timing. How's your weather max?
22:11
Speaker 3: Yeah party cloudy with the odds shower nor the les A.
22:13
Speaker 2: I have twenty thank you. I would like someone out
22:16
Speaker 2: there to do and maybe Cotality can do it, you know,
22:18
Speaker 2: one of the property types to figure do the map
22:21
Speaker 2: of the flood zones and then do the house recent
22:24
Speaker 2: house sales and see how much of an effect and
22:26
Speaker 2: how far. Because we're the house next door to us
22:30
Speaker 2: is for sale and the buyers came walking down past
22:33
Speaker 2: us the other day and the first question they asked was, Hey,
22:36
Speaker 2: how did this go in the floods and the Auckland
22:38
Speaker 2: Anniversary floods? First question they are in fact only question
22:42
Speaker 2: that they asked about the place. So I would be
22:44
Speaker 2: dying to know Neivas and Auckland with us morning morning.
22:48
Speaker 2: Now speaking of Auckland and houses these special character areas,
22:52
Speaker 2: is a story about this.
22:53
Speaker 11: Yes, look there's a claim that there are other ways
22:56
Speaker 11: and yes, quite right to increase tensification in Auckland without
23:00
Speaker 11: moving the special character areas. Now this has come from
23:02
Speaker 11: Character Coalition claiming there's about a dozen sites lying empty
23:06
Speaker 11: around the Kingsland and Mount Eden areas. These sites include
23:10
Speaker 11: an empty lot being used for car parking and the
23:14
Speaker 11: site of a canceled cuming or order project. So the
23:16
Speaker 11: Character Coalitions saying that Housing Minister Chris Bishop should be
23:20
Speaker 11: using those sites instead of adding to the city's villas
23:22
Speaker 11: and bungalows. And Chris Bishop says, well, you know he
23:26
Speaker 11: can't make decisions on those individual cuting order sites and
23:29
Speaker 11: that council makes calls around special character areas.
23:32
Speaker 2: Yeah right, yeah, okay. How's our weather?
23:34
Speaker 11: Okay, cloudy today, just the odd show and mainly from afternoon.
23:37
Speaker 11: Still warm.
23:38
Speaker 12: Twenty three is our high today, brilliant.
23:40
Speaker 2: Thank you. Neva. Time is eighteen minutes away from six
23:43
Speaker 2: on News Talks MB quick update on open Star. This
23:47
Speaker 2: is the company we mentioned them the other day because
23:49
Speaker 2: the government, the Regional Infrastructure Fund, is giving them thirty
23:51
Speaker 2: five million bucks and it's they're doing fusion power. And
23:56
Speaker 2: fusion power is like the holy Grail of electricity, like
23:59
Speaker 2: the gold standard. You can it's green energy, so you
24:02
Speaker 2: don't get any carbon emissions, you don't. If we can
24:04
Speaker 2: crack this we've basically clocked life. And they did a
24:08
Speaker 2: big first steps based in Knowlnger Gorge and Wellington. They
24:11
Speaker 2: did a big thing yesterday. They did a demonstration at
24:14
Speaker 2: the factory and they became the first company to float
24:18
Speaker 2: a five hundred kilogram magnet confining a cloud of ultra
24:23
Speaker 2: hot ionized gas called plasma. Now this is quite complicated
24:28
Speaker 2: but quite a big deal. Basically, the goal is to
24:31
Speaker 2: fuse atoms together in a very hot condition. One hundred
24:35
Speaker 2: million degrees celsius is how hot they need to make
24:38
Speaker 2: this one hundred million degrees celsius. It's essentially the same
24:41
Speaker 2: process that powers the sun and heats the sun. So
24:44
Speaker 2: they're trying to create a mini sun in Wellington and
24:47
Speaker 2: we're paying for it. They're fascinating. Hopefully it works out.
24:50
Speaker 2: Seventeen to six news talks they b we're in the UK.
24:53
Speaker 6: Next.
24:55
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26:01
Speaker 1: International correspondence with insign Eye Insurance. Peace of mind for
26:05
Speaker 1: New Zealand business, get to.
26:08
Speaker 2: That improcom report and the Sick and First Kevin Gray
26:10
Speaker 2: in the UK for US given the story of an
26:12
Speaker 2: Austrian man charged with terrorism. What's going on?
26:16
Speaker 12: Yeah, this was all over the Taylor Swift concert around
26:20
Speaker 12: the world. She was holding three concerts in Vienna in
26:23
Speaker 12: August of twenty twenty four, but they were canceled very
26:26
Speaker 12: very late notice, leaving one hundred and sixty thousand people,
26:32
Speaker 12: you know, with tickets, the things they couldn't go to.
26:34
Speaker 12: I think they've all been reimbursed. But the reason that
26:37
Speaker 12: we had to have them canceled, it's now being revealed,
26:40
Speaker 12: is because the CIA alerted Austrian police two rumors that
26:45
Speaker 12: they had heard intelligence they had received about a man
26:49
Speaker 12: or a group of men looking to commit terrorist atrocities.
26:52
Speaker 12: Now prosecutors are saying that the twenty one year old suspect,
26:55
Speaker 12: only identified as Baron A, he's accused of being a
26:59
Speaker 12: member of a terrorist organization, making explosives, attempting to purchase
27:02
Speaker 12: weapons illegally. He faces up to twenty years in jail
27:05
Speaker 12: if convicted, and the sixteen year old There was last
27:10
Speaker 12: year a sixteen year old Syrian national who was given
27:13
Speaker 12: an eighteen month suspended sentence over what they also thought
27:17
Speaker 12: was linked to this particular plan. Of attack. According to
27:20
Speaker 12: the indictment, baron A had received online instructions and worked
27:25
Speaker 12: to make a shrapnel bomb using the explosive triacetone triperoxide.
27:31
Speaker 12: The type of shrapnel bomb was, it said, specific to
27:34
Speaker 12: Islamic state attacks.
27:35
Speaker 2: And very quickly, we've got these companies tied to Fergie.
27:38
Speaker 2: They're being wound down. But that didn't look like they
27:40
Speaker 2: were very busy or active anyway, did they.
27:43
Speaker 12: No, But interesting they're being shut down. Yeah, she's the
27:46
Speaker 12: director of all six businesses. Not really very clear about
27:50
Speaker 12: what they did, but you said, I mean, they're all
27:52
Speaker 12: pretty much dormant. None appear to be commercially active really,
27:57
Speaker 12: And it is said that of the six, one is
28:00
Speaker 12: to do with retail, another is to do with marketing
28:03
Speaker 12: and pr. There are other companies that she's a director
28:06
Speaker 12: of that she remains a director of. But of course,
28:09
Speaker 12: late last year, all of a sudden, the word Duchess
28:12
Speaker 12: disappeared from the entry into the company's house where the
28:16
Speaker 12: businesses are registered, as she lost yet more faith from
28:21
Speaker 12: the royal family with the stripping of those titles.
28:23
Speaker 2: All right, I appreciate your time this one and Gavin
28:25
Speaker 2: Gray are UK Europe corresponding to living away.
28:27
Speaker 1: From six Bryan Bridge.
28:29
Speaker 2: We've got this thirty infracom report, the Infratructure Commission Report.
28:32
Speaker 2: There we can spend fifty five to seventy billion less
28:35
Speaker 2: on roads. Your rons might be under threat, double spending
28:38
Speaker 2: on hospitals because we're getting older, one hundred billion more
28:41
Speaker 2: on energy and how do you pay for it? Well,
28:43
Speaker 2: more user pays, including potentially a toll on the Auckland
28:46
Speaker 2: Harbor Bridge.
28:47
Speaker 13: The additional harbor crossing is in theory approject that can
28:50
Speaker 13: wash us on face financially because of two hundred thousand people.
28:53
Speaker 2: Went across the heart of bridging. Ellen Pollard Civil Contractors,
28:55
Speaker 2: New Zealand Chief is with us this morning. Hey Ellen,
28:58
Speaker 2: all right, hell are you good? Thank you? Do you
29:01
Speaker 2: use it well? First of all, good, good idea good plan?
29:04
Speaker 2: You like it?
29:05
Speaker 7: Yeah?
29:06
Speaker 8: Look, I think it's a real honest assessment of the
29:08
Speaker 8: real challenges we faced with our infrastructure program in New Zealand.
29:12
Speaker 8: It reflects a lot of the things we've been advocating
29:14
Speaker 8: for for some time. The need for a very clear, consistent,
29:18
Speaker 8: funded pipeline of work, the fact that we need to
29:21
Speaker 8: rebuild our capacity and capability. We are deliver it so
29:24
Speaker 8: it has to have a long term vision and the
29:27
Speaker 8: need to remove a lot of these regulatory barriers that
29:29
Speaker 8: we've faced historically. Say, I think it's a very good,
29:32
Speaker 8: open honest assessment.
29:33
Speaker 2: Good but a lot of the problem with the projects
29:36
Speaker 2: that we've had in the past is they stay on
29:37
Speaker 2: paper too long and don't actually happen. So to make
29:40
Speaker 2: this work, we need to get all the polleys on.
29:42
Speaker 8: Board right absolutely, and they look to be fair. I
29:46
Speaker 8: often have people tell me that's never going to happen,
29:48
Speaker 8: but you know.
29:49
Speaker 6: The reality is we don't have the choice.
29:51
Speaker 8: You know, for the sake of our communities, whether it's
29:53
Speaker 8: water or transport of resilience, we have to take a
29:56
Speaker 8: long term view. And for our industry, we've got to
29:59
Speaker 8: have certain to you, that's the only way that we
30:01
Speaker 8: can have confidence to invest in our people, our plant,
30:04
Speaker 8: our technology and so on. So there's canceled culture that's
30:08
Speaker 8: sort of been a part of change in government, so
30:10
Speaker 8: that many decades just has to stop.
30:12
Speaker 2: You know, we talk about the Auckland Harbor Bridge. I
30:14
Speaker 2: was reading the other day about a bridge and wangan
30:16
Speaker 2: We don't need to build to get across the Wanganui River.
30:18
Speaker 2: It's going to cost about seventy million dollars. Do we
30:21
Speaker 2: need to toll everything to make it?
30:25
Speaker 7: To make it?
30:27
Speaker 11: Yeah?
30:27
Speaker 8: I think what the plan's clearly shows is that we've
30:29
Speaker 8: got this massive need for infrastructure, two hundred and seventy
30:32
Speaker 8: five billion sitting at the pipeline, lots of protests, not
30:35
Speaker 8: enough money. So you know, we have a very small
30:38
Speaker 8: taxpayer base to fund our national infrastructure. We've got a
30:41
Speaker 8: very small ratepayer base to fund our regional infrastructure. So
30:45
Speaker 8: we have to do things differently, and that means not
30:48
Speaker 8: just the idea of user pays tolls and so on,
30:50
Speaker 8: but a more private investment. There's a lot of international
30:54
Speaker 8: pension funds that are interested in investment and public private partnerships
30:58
Speaker 8: as well. We can't continue to rely on taxpayers and
31:01
Speaker 8: ratepayers to hunder.
31:02
Speaker 2: How do we stop the cost blowout?
31:06
Speaker 8: Look, I think there's a number of things. Having a
31:09
Speaker 8: clear pipeline allows us to look at more efficiencies in
31:12
Speaker 8: the delivery sector, making sure that we have a good
31:16
Speaker 8: sustainable workforce. One of the reasons that costs do increase
31:20
Speaker 8: is because, as we face right now, we have a
31:22
Speaker 8: labor shortage and so inevitably the price of labor goes up.
31:27
Speaker 8: But having really efficient consenting our systems is really important too.
31:33
Speaker 8: And as a report notes, you know consenting costs of
31:36
Speaker 8: cost of Skyrocket that there are over five or six
31:38
Speaker 8: percent of a project costs. It's about one point three
31:42
Speaker 8: billion a year and that loan. So all of these
31:44
Speaker 8: things together can bring more efficiency to project delivery.
31:47
Speaker 2: Alan like your stuff. Alan Pollard, Civil Contractors in New Zealand,
31:51
Speaker 2: Chief for us this morning, just gone eight away from
31:53
Speaker 2: six on News Talks that b on.
31:56
Speaker 1: Your radio and online on iheard radio early edition with
32:00
Speaker 1: Ryan Bridge and one roof love where you live News
32:04
Speaker 1: talk said.
32:04
Speaker 2: Be news Talks. Hea'd be five away from six. Everyone
32:08
Speaker 2: who has text the show this morning, who is in
32:10
Speaker 2: favor of a nine dollars toll? Just a suggestion over
32:13
Speaker 2: the harbor bridge in Auckland or a harbor bridge in
32:15
Speaker 2: Auckland is not from Auckland, I said, yeah, I'm going
32:19
Speaker 2: there every five years. Wouldn't mind paying that at all?
32:23
Speaker 2: Might that's good morning, Mike morning.
32:25
Speaker 13: Quick question just to help me out. I'm assuming it's
32:28
Speaker 13: one way, because no one explained that, so it is one.
32:29
Speaker 2: I've read the report. It doesn't say specifically.
32:32
Speaker 13: Yeah, I didn't bend so either, but they can't do
32:34
Speaker 13: eighteen dollars come. I mean, well, no, I think it's
32:36
Speaker 13: a ruinous What it does, I'll tell you what it
32:39
Speaker 13: does do. I mean forget whether we'd paid or not.
32:42
Speaker 13: What it does do is because it's based you realize
32:44
Speaker 13: on the original thing, all those pla So it's the
32:48
Speaker 13: real cost of what we face. So you can moan
32:51
Speaker 13: all you want.
32:52
Speaker 2: You need to get across an ocean one hundred percent
32:54
Speaker 2: and how much it costs, I agree with you. And
32:57
Speaker 2: also they will have other options. So if you can't
33:00
Speaker 2: for it, you can get a bus or a train.
33:01
Speaker 13: Well, that's that's always been the way, hasn't It's been there.
33:03
Speaker 13: If you don't want to pay, you can go another way.
33:05
Speaker 13: The other thing is it's two hundred and thirty seven
33:07
Speaker 13: thousand dollars for each in every one of us.
33:09
Speaker 2: Yes, what we are.
33:09
Speaker 13: So if I went to you and said there's a
33:11
Speaker 13: quarter million dollars, you are yours and i'll pay mine
33:13
Speaker 13: where you know that's it just gives you an indication.
33:16
Speaker 2: Of how big the problem is, how third.
33:18
Speaker 13: Will this nation really is, And that's the depression.
33:21
Speaker 2: And we'll have to use it pays our way out
33:23
Speaker 2: of it. Will at least you know what you're getting.
33:26
Speaker 2: You know, that's the thing about us that pays. At
33:28
Speaker 2: least you understand, you can comprehend under this is what it's.
33:31
Speaker 13: The next problem though, is I think back to the
33:33
Speaker 13: Labor government and that that dominion road like rail Bollocks
33:36
Speaker 13: where they spent millions of.
33:37
Speaker 2: The cycle bridge. You need you need a.
33:40
Speaker 13: Law in some countries have it where you lock in
33:42
Speaker 13: a decision and it's beyond government. In other words, so
33:45
Speaker 13: you make a decision, you lock it in law and
33:47
Speaker 13: you are committed.
33:48
Speaker 2: That's its problem. Yesterday Chippy already says no, the rons
33:52
Speaker 2: are too much, and you know bishops saying when that
33:56
Speaker 2: was still doing the rons. Yeah, so they're never going
33:59
Speaker 2: to agree.
34:00
Speaker 13: And that's that's the problem with politics. You need actual
34:02
Speaker 13: experts to run these things. Get it beyond government, Get
34:05
Speaker 13: experts and get and get on them. Anyway, we'll be
34:07
Speaker 13: talking about that obviously this morning. And the chairman of
34:09
Speaker 13: Knitball New Zealand.
34:11
Speaker 2: Yeah, he's will us, he's quick, he's gone all right,
34:14
Speaker 2: looking forward to it, Mike with you next you're on
34:16
Speaker 2: news Talk seb Seem.
34:18
Speaker 1: Money Many for more from early edition with Ryan Bridge.
34:24
Speaker 1: Listen live to News Talk s B from five am weekdays,
34:27
Speaker 1: or follow the podcast on iHeartRadio