Latest / Early Edition with Ryan Bridge / Full Show Podcast: 24 March 2026

Transcript

Full Show Podcast: 24 March 2026 · Early Edition with Ryan Bridge

0:01
Speaker 1: The issues, the interviews and the insight. Ryan Bridge on
0:05
Speaker 1: earlier this show with one roof love where you live
0:08
Speaker 1: News Talks.
0:09
Speaker 2: It'd be good morning six five. Great to have your company.
0:12
Speaker 2: It's Taco Tuesday for Trump oils under one hundred dollars
0:15
Speaker 2: a barrel. We'll look at the fuel standards changed before six.
0:18
Speaker 2: Leslie's in Australia for us D on Nation T twenty
0:20
Speaker 2: plus Fonterra. What is not to like?
0:25
Speaker 3: The agenda today.
0:26
Speaker 2: Twenty fourth to March. So Trump's checking out on heading
0:28
Speaker 2: Aram's power plants.
0:30
Speaker 4: They're not going to have a nuclear weapon. That's number one.
0:33
Speaker 4: That's number one, two and three. They will never have
0:35
Speaker 4: a nuclear weapon.
0:36
Speaker 5: They've agreed to that.
0:38
Speaker 2: So they've delayed it by five days. This threat apparently
0:41
Speaker 2: after he had a chat with Taran a though Taran
0:44
Speaker 2: says we never spoke to them, and by.
0:45
Speaker 4: The way, they're just not committed when they say I'm sure,
0:47
Speaker 4: they don't mend that when somebody.
0:50
Speaker 3: Says, oh, I didn't know you, we were.
0:51
Speaker 4: Talking last night, and I'm sure they have a lack
0:53
Speaker 4: of communication, which is appropriate considerably blew up. In addition
0:58
Speaker 4: to their Navy airport, every division, their radar also blew
1:04
Speaker 4: up all of their anti aircraft and communication.
1:07
Speaker 2: Just get it over with to New York we go
1:09
Speaker 2: now where pilots are dead, two of them after an
1:11
Speaker 2: Air Canaida plane collided with a fire truck at LaGuardia Airport.
1:15
Speaker 2: Flight actually landed safely, all was well from Montreal and
1:19
Speaker 2: then the crash happened on the ground.
1:21
Speaker 5: Is anticipated that the airport will be closed at least
1:23
Speaker 5: until two pm this afternoon to facilitate the investigation by NTSB,
1:30
Speaker 5: which has already begun to be on safe Let's.
1:34
Speaker 2: Go to the UK North London, four ambulances linked to
1:37
Speaker 2: a Jewish charity set on fire. They're not saying it's
1:40
Speaker 2: terrorism at this stage, but there's some people online apparently
1:43
Speaker 2: saying we did it.
1:44
Speaker 6: The investigation is now being led by counter terrorism policing
1:48
Speaker 6: with all the specialist expertise they bring, and all lines
1:51
Speaker 6: of inquiry remain.
1:53
Speaker 3: His starm.
1:54
Speaker 7: This is not just an attack on the Jewish community,
1:56
Speaker 7: but it's attacked on all of this, on everyone who
2:00
Speaker 7: holds the fundamental British values of tolerance and respect.
2:06
Speaker 1: Get ahead of the headlines on an early edition with
2:09
Speaker 1: Ryan Bridge and one roof Love, where you live us talks.
2:13
Speaker 2: That'd be ninety two is the number to text. Would
2:16
Speaker 2: love to hear from you this morning. And council rates.
2:19
Speaker 2: Has anyone else noticed that council seemed just in the
2:21
Speaker 2: last couple of weeks at least I've picked up on this.
2:25
Speaker 2: Councils seem to have seen the light on spending, like
2:28
Speaker 2: not fully seen the light come to Jesus going to
2:31
Speaker 2: church every Sunday, but they're at least saying a few prayers.
2:34
Speaker 2: Masterton yesterday is dropping their rates hike from six and
2:38
Speaker 2: a half percent down to five point two percent. Still
2:41
Speaker 2: too high. Don't get me wrong, I'm not like jumping
2:43
Speaker 2: out of my seat. But Wellington, if they go ahead
2:46
Speaker 2: with the savings that they've proposed, would be seven point
2:50
Speaker 2: four percent down from twelve point seven, so basically half
2:53
Speaker 2: the increase. How have they done this? What magical fairy
2:57
Speaker 2: dust have they used? Well rigor savings? To quote the
3:02
Speaker 2: Wellington group that came up with it. Now, if you
3:04
Speaker 2: had asked them to look into their souls and figure
3:07
Speaker 2: out what they could save even a few months ago,
3:11
Speaker 2: they would, you know, one of those glitzy conferences that
3:13
Speaker 2: they have for mayors and for local government officials or
3:17
Speaker 2: a year ago you would have got a very different
3:19
Speaker 2: answer now. Of course I've had local elections since then,
3:22
Speaker 2: but has much really changed? And the most important question
3:28
Speaker 2: is anyone dead on the street because of it? Would
3:30
Speaker 2: anyone notice a reduction in their services? Unless they're coming
3:35
Speaker 2: for your weekly rubbish collection then you would, But would
3:37
Speaker 2: anybody notice? And this is happening in Fungaday a proposal
3:41
Speaker 2: that the library wasn't open on Sunday outside the old
3:45
Speaker 2: bookworm who you know didn't get there on Saturday. Besides,
3:49
Speaker 2: don't you need a day to read the books?
3:52
Speaker 8: You know?
3:52
Speaker 2: Does it need to be open every day? This stuff
3:55
Speaker 2: blows my mind. All the government had to do was
3:57
Speaker 2: basically whisper rates, and they're all cutting like there's no tomorrow,
4:02
Speaker 2: and it makes a total mockery of their refusal to
4:05
Speaker 2: do so. From the outset, Ryan Bridge soon after five
4:08
Speaker 2: nine two nine two is the numbers text. I'd love
4:10
Speaker 2: to hear from you and we will get to Fonterra
4:13
Speaker 2: that great result yesterday next.
4:16
Speaker 1: On your radio and online on iheard Radio early Edition
4:20
Speaker 1: with Ryan Bridge and one roof Love where you live
4:24
Speaker 1: news talks.
4:25
Speaker 2: I'd been five twelve so a little bit of good
4:27
Speaker 2: news goes a long way. Wall streets rallying this morning,
4:30
Speaker 2: all three indexes were up. Brent crude futures fell under
4:35
Speaker 2: one hundred dollars a barrel for the first time in
4:37
Speaker 2: like to KNOWERO a week. I mean it has been
4:39
Speaker 2: pretty topsy two, hasn't it, but down ten percent. Last
4:41
Speaker 2: time I checked it was about ninety six dollars. Here's
4:44
Speaker 2: why the prices won't plummet though to what happened the
4:47
Speaker 2: prices that we had before the war. Because before the
4:50
Speaker 2: war we were trading at about seventy dollars a barrel,
4:53
Speaker 2: and the analysts and the bankers, they've come out and said,
4:55
Speaker 2: at a minimum, we would be trading at seventy five
4:58
Speaker 2: dollars a barrel at the end of day year, even
5:00
Speaker 2: if you get the golf open, because the energy infrastructure
5:04
Speaker 2: in the sorry to get the straight open, the energy
5:08
Speaker 2: assets in the golf have been damaged, and that's going
5:10
Speaker 2: to add to the cost. Also, there is a risk
5:13
Speaker 2: premium at the moment that you know, the extra money
5:17
Speaker 2: that you will pay for oil now because of FOMO
5:21
Speaker 2: fear that you won't be able to get it into
5:23
Speaker 2: the future. That is adding to the cost and to
5:26
Speaker 2: the price that we will that we are paying, and
5:28
Speaker 2: that we will keep paying. They reckon through till at
5:31
Speaker 2: least the end of the year, no matter what Trump
5:33
Speaker 2: decides to do with his now five day deadline.
5:36
Speaker 3: Bread Bread strong.
5:37
Speaker 2: Result from from Teria is today seven hundred and fifty
5:40
Speaker 2: million profit beating expectations up on last year. Four cast
5:44
Speaker 2: milk price up. Just don't mention the war.
5:47
Speaker 6: These are and from results and there's a lot of
5:49
Speaker 6: destruction in glovel markers we will have to contend with
5:52
Speaker 6: on the second half.
5:53
Speaker 2: John Stevenson, cher Fonterra Cooperative Council joins me this morning.
5:56
Speaker 2: Morning John, Good morning, Yin. What's not to like with that?
6:01
Speaker 9: Oh, not very much. It's certainly a really strong performance
6:03
Speaker 9: from our cooperative Ryan, as he mentioned, both forecast farmgate
6:07
Speaker 9: milk price and earnings up and a good return for
6:11
Speaker 9: farmers on the capital they've got invested in Fonterra.
6:14
Speaker 2: Yeah, that inter and dividend would that be up there
6:16
Speaker 2: with the highest.
6:17
Speaker 9: It's certainly the highest that I can find. Ryan not
6:21
Speaker 9: willing to fully commit to that, will do a bit
6:22
Speaker 9: more work on that, but in my research, it's the
6:25
Speaker 9: highest that I.
6:25
Speaker 2: Can find mainland. How much of the overall result yesterday
6:30
Speaker 2: was down to mainland? In other words, how much will
6:33
Speaker 2: you be missing out on once it's gone.
6:36
Speaker 9: So the mainland performance of Fonterra paying farmers an additional
6:41
Speaker 9: sixteen cents per year and recognition of the performance of Mainland.
6:44
Speaker 9: But it's important to note that you know there's no
6:47
Speaker 9: retained earnings in that or depreciation emortalization. The return on
6:53
Speaker 9: capital from that mainland group was nine percent. That's historically
6:56
Speaker 9: quite strong for that group. Ingredients returned eleven percent and
7:00
Speaker 9: food service twelve point six percent, so strong performance, that's
7:05
Speaker 9: still well behind the other two groups within the business.
7:08
Speaker 2: I was reading about tip Top yesterday, just what's happened
7:11
Speaker 2: to Tiptop since it was sold off and their earnings
7:14
Speaker 2: trebled basically because it was sold to somebody who specializes
7:19
Speaker 2: in that area and they can make more money out
7:21
Speaker 2: of it. So probably the same will happen with Mainland,
7:24
Speaker 2: I would assume. But it's just not an area that
7:27
Speaker 2: Fonterra can get more juice out the leman of.
7:32
Speaker 9: Yeah, and I think it's important that you actually you
7:34
Speaker 9: recognize the expertise of different businesses and those consumer businesses
7:38
Speaker 9: are really capital intensive. Owners have to employ a lot
7:41
Speaker 9: of capital in them. Fonterra is a really big business
7:44
Speaker 9: with a really successful ingredients and food service. It's really
7:49
Speaker 9: hard in a co oper to get to raise capital
7:52
Speaker 9: to invest the appropriate amount across all three channels. So
7:56
Speaker 9: we've been through quite the process on that. But that's
7:58
Speaker 9: seen the acknowledge what you've said there on.
8:00
Speaker 2: A scale of one to ten, John, the war how worried.
8:04
Speaker 9: Our farmers are certainly certainly worried, and you know, who
8:07
Speaker 9: knows how long this is going to last. For one,
8:10
Speaker 9: I understand that Fontira has got a degree of concern
8:14
Speaker 9: around the uncertain team. And obviously we export more than
8:17
Speaker 9: ninety five percent of our product overseas, so it will
8:20
Speaker 9: have some impact that. I think the key thing for
8:23
Speaker 9: us as farmers is seeing what Fonterira, how Fonterra deals
8:27
Speaker 9: with it. We've got strong partnerships with Katai to make
8:30
Speaker 9: sure our products get to market. But when you look
8:32
Speaker 9: at a non farm level, things like fertilizer, fuel, maybe
8:36
Speaker 9: interest rates as well, they'll have an impact. You know.
8:40
Speaker 9: Certainly I was talking to a contractor just down the
8:42
Speaker 9: road yesterday. They're using one hundred and thirty thousand letter
8:45
Speaker 9: the diesel months, so it's pretty material impact on that
8:49
Speaker 9: small business.
8:50
Speaker 2: John, appreciate your time this morning, John Stevenson cher Fonterra
8:53
Speaker 2: Cooperative Council. It is seventeen minutes after five. Ryan Bread
8:57
Speaker 2: just on that fertilizer companies. So what's happened is over
8:59
Speaker 2: the last week while as the Strait has been closed,
9:02
Speaker 2: a lot of fertilizer comes through there and so you've
9:04
Speaker 2: seen US companies who do fertilizer gaining in value. And
9:10
Speaker 2: what's happened overnight is we'll see IF industries as one,
9:14
Speaker 2: for example, they're down six percent because they had benefited
9:18
Speaker 2: from the fact that the Middle East was cut off
9:21
Speaker 2: with nitrogen fertilizers not able to get through. Now that
9:24
Speaker 2: Trump is doing a bit of a Taco Tuesday, they
9:27
Speaker 2: are down in value. Seventeen after five, Will talk Don
9:31
Speaker 2: Nash and t twenty.
9:32
Speaker 1: Next Views and Views you trust to start your day.
9:37
Speaker 1: It's earlier ship with Bryan Bridge and one roof Love where.
9:41
Speaker 3: You live News talks.
9:42
Speaker 2: That'd be five twenty. John says if Trump's claim that
9:45
Speaker 2: there have been talks with Iran turned out to be
9:47
Speaker 2: a total fabrication. Would it be the first time? John?
9:51
Speaker 2: The question crossed my mind this morning. Who do I
9:54
Speaker 2: believe Iran or Trump? Isn't that terrible?
9:58
Speaker 3: Who?
9:59
Speaker 2: Who's proper? And am I believing today? The White House
10:02
Speaker 2: or Tehran? This is Starma. He's under a bit of
10:06
Speaker 2: pressure over this initial response to the wars up before
10:09
Speaker 2: a committee over in the UK.
10:11
Speaker 10: So we could even stop one hundred and fifty kilometers
10:14
Speaker 10: from Perile drone from getting through to hipping a sovereign
10:17
Speaker 10: based in Cyprus. This mats of a lack of war
10:21
Speaker 10: fighting mentality that reaches right across the government.
10:25
Speaker 2: In other words, you're just a bunch of weaklings. Ryan Bridge, right,
10:30
Speaker 2: official Big Bash is dead. Yesterday inzed C made the
10:33
Speaker 2: decision it wants to move ahead with an n Z
10:36
Speaker 2: twenty and as a result, board member d On Nash resigns.
10:39
Speaker 2: Question now is how quickly they can get this new
10:41
Speaker 2: thing off the ground. Alex Powell, Herald Sports journalists with
10:44
Speaker 2: us this morning.
10:45
Speaker 3: Morning Alex, morning Ryan.
10:47
Speaker 2: A good decision for them or the right decision from them?
10:51
Speaker 11: Yeah?
10:51
Speaker 12: Look, I absolutely think it is the right decision. You
10:54
Speaker 12: see go back to the sort of the stolden era
10:56
Speaker 12: of New Zealand cricket that's started in what twenty eighteen,
11:00
Speaker 12: twenty fourteen, that really stemmed from Brenda McCullum and Mike
11:03
Speaker 12: Kessen's idea that Hew Zealand needed to be more like
11:06
Speaker 12: New zunder and less like Australia. So I mean, in
11:08
Speaker 12: that sense, I think you couldn't really ask for a
11:11
Speaker 12: better call than to go on our own rather than
11:14
Speaker 12: try and join the big bash.
11:16
Speaker 2: Were you surprised or not surprised to see Dion Nash leaving?
11:19
Speaker 2: I had a look at the statement yesterday. I mean
11:21
Speaker 2: it's all obviously related.
11:24
Speaker 12: Yeah, it was sort of known behind the scenes that
11:26
Speaker 12: Dion Nash was the one board member that really was
11:30
Speaker 12: against in zere twenty. You know that you'd think that
11:34
Speaker 12: you're speaking to Don McKinnon yesterday he was saying that
11:36
Speaker 12: they could really have been in the sosition about you know,
11:38
Speaker 12: a few months ago, but the board was committed to
11:41
Speaker 12: seeing out the whole process after the delete review. So
11:44
Speaker 12: in that sense, it's not really a surprise to see
11:47
Speaker 12: On fall on his sword. If he doesn't want to know,
11:49
Speaker 12: if it doesn't align with his ears, then.
11:51
Speaker 9: He as well in his rights.
11:53
Speaker 12: The sort of pulpen, what's.
11:54
Speaker 2: The story with a female version of in zed twenty?
11:59
Speaker 12: I mean, so the ends of twenty has always been
12:02
Speaker 12: both leagues, the men's and the women's league. The men's
12:05
Speaker 12: league is going to launch first, well as I mean
12:08
Speaker 12: they want to launch first in January twenty twenty seven.
12:12
Speaker 12: The women's league was always going to launch in January
12:14
Speaker 12: or sorry, in December that year, but worst case scenario,
12:18
Speaker 12: the men will be January twenty twenty eight.
12:21
Speaker 11: Yeah.
12:21
Speaker 12: Look, the opportunities for women in franchise career are so
12:25
Speaker 12: fewer than what they are in men's You think the
12:28
Speaker 12: men's leagues is about sort of what ten twelve in
12:30
Speaker 12: the world. The women's there's about four, with the fifth
12:33
Speaker 12: ones launched next month. So I think it is absolutely
12:36
Speaker 12: vital that the women do get the opportunity to have
12:39
Speaker 12: this league at home.
12:40
Speaker 2: Alex, can you just paint a picture for me what
12:42
Speaker 2: exactly will the cricket scene look like in New Zealand?
12:46
Speaker 2: How different will it be once there's competition and this
12:48
Speaker 2: leg's up and running.
12:50
Speaker 9: Yeah.
12:50
Speaker 12: I think that has been the thing that's really seen
12:53
Speaker 12: a lot of older fans not get on board of it.
12:56
Speaker 12: The way cricket's moving now is just so fast and
12:58
Speaker 12: so different to anything that we know. But this does
13:01
Speaker 12: happen all in all around the world. So what it
13:05
Speaker 12: will look like is sort of every January just becomes
13:08
Speaker 12: for the man who's blocked off to become a franchise,
13:11
Speaker 12: competition and international who has played around that, and then
13:13
Speaker 12: that's sort of November December window's for the woman.
13:17
Speaker 2: Appreciate your time. Alex Powerherold sports journalists with us this
13:19
Speaker 2: morning reacting to the news that the NZ Sea is
13:22
Speaker 2: going with NZ twenty twenty three minutes after five. Now,
13:26
Speaker 2: by the way, Hastarma over in the UK was also
13:29
Speaker 2: he's sort of warning against any comfort you might take
13:33
Speaker 2: from an idea that the war might even quickly have
13:35
Speaker 2: a Listen.
13:36
Speaker 7: We've got to plan on the basis that it could
13:39
Speaker 7: go on for some time and that's the way in
13:40
Speaker 7: which we'll plan this afternoon.
13:42
Speaker 2: Twenty four after five, Ryan, it's laughable, says Simon, that
13:46
Speaker 2: it's hard to make nice ice cream and cheese to
13:49
Speaker 2: sell a premium golden geese they've given away for a
13:52
Speaker 2: few magic beans. Well, tip Top is proof that they
13:56
Speaker 2: could have been making a hell of a lot more
13:57
Speaker 2: out of tip Top. In fact that brought it made
14:00
Speaker 2: three times the Fonterra was making out of it after
14:04
Speaker 2: they sold it. So there are and this is the
14:07
Speaker 2: argument that we heard from the Fonterra co Op council
14:10
Speaker 2: this morning. John Stevenson, who was on, is basically saying
14:13
Speaker 2: it takes a lot of capital. You sort of stick
14:16
Speaker 2: to your knitting, stay in your lane.
14:19
Speaker 3: Ryan.
14:19
Speaker 2: For years, This is from Steve Morning, Steve Ryan. For
14:21
Speaker 2: years economists have said this country's economy needs to get
14:25
Speaker 2: more complex and value add and not just ship the
14:28
Speaker 2: raw product. But now here we are selling part of
14:31
Speaker 2: your business because New Zealand isn't as good at that
14:34
Speaker 2: as other countries. We really are just a country of
14:37
Speaker 2: farm hicks, Steve, Is there anything wrong with being a cuntwy?
14:41
Speaker 2: I don't know about the hicks part, but is there
14:43
Speaker 2: anything wrong with being a country of food producers? After all?
14:49
Speaker 2: It's like wheel There are a few things it turns
14:52
Speaker 2: out the world actually needs.
14:54
Speaker 1: The early edition full show podcast on iHeartRadio Power by News.
14:58
Speaker 2: Talks at Me News Talk, seb five, twenty seven. Anyone
15:03
Speaker 2: expecting a lolly scramble from the government today is going
15:06
Speaker 2: to be disappointed. At best, you might get one or
15:09
Speaker 2: two old Worther's originals, and they don't taste very nice.
15:12
Speaker 2: As we've been talking about for the last few weeks,
15:14
Speaker 2: this government can't politically splash cash when oil's forcing inflation up.
15:21
Speaker 2: The sixty billion borrowed and spent during the pandemic, half
15:24
Speaker 2: by the way, not actually on COVID expenses, was fuel
15:27
Speaker 2: on the fire to an already raging inflation inferno. The
15:31
Speaker 2: Reserve Bank and government were both blowing into the same sale.
15:35
Speaker 2: That was the problem. It got us up on the
15:36
Speaker 2: foils for a while, ultimately just delayed the pain we're
15:40
Speaker 2: now still feeling. The new governor, import from Sweden, will
15:44
Speaker 2: give a key speech later today, published online after markets
15:47
Speaker 2: open nine am, with a hint of how they'll react
15:50
Speaker 2: to the latest international catastrophe that's come to reach our shores.
15:54
Speaker 2: Any width of central government planning to borrow and spend
15:59
Speaker 2: to cush the blow would complicate her job quite markedly.
16:03
Speaker 2: The reality is, when the shite hits the fan, things
16:06
Speaker 2: get messy. Somebody has to pay. There is no free ride,
16:11
Speaker 2: no free bus, no free train, no free lunch. If
16:13
Speaker 2: we don't pay today, we will pay tomorrow. And let's
16:17
Speaker 2: not forget we're now officially on notice from at least
16:20
Speaker 2: one of the big rating agencies. We need to be cutting,
16:24
Speaker 2: not borrowing more, balancing the books, not setting them on
16:28
Speaker 2: fire again. Crain Bridge, you shall said be by the way,
16:33
Speaker 2: Chippy was asked yesterday, what's your plan?
16:35
Speaker 3: Chipster?
16:36
Speaker 2: You know now that we know what's going on in
16:39
Speaker 2: the Middle East and you've been calling for what's your plan.
16:43
Speaker 13: I'm not going to make up policy on the fly.
16:44
Speaker 13: We're not the government.
16:45
Speaker 2: The government.
16:49
Speaker 5: Ideas.
16:51
Speaker 13: In March twenty twenty, we didn't wait for the opposition
16:54
Speaker 13: to come up with solutions to the challenges the country
16:56
Speaker 13: faced with COVID. In fact, we didn't even care what
16:59
Speaker 13: they were thinking. We were focused on leading New Zealand
17:02
Speaker 13: through a once in a generation crisis. This is another
17:04
Speaker 13: once in a generation crisis.
17:07
Speaker 2: Yeah, so no ideas, which is funny because remember at
17:10
Speaker 2: the weekend Winston Peters says they are no hopers, they
17:14
Speaker 2: have no ideas and they have no policies and that's
17:18
Speaker 2: why they're so shallow on the front bench news talks.
17:23
Speaker 2: He'd be twenty nine after five, head to Australia next it.
17:29
Speaker 3: How can kume the news you need this morning?
17:37
Speaker 1: And the in Depth Analysis Early edition with Ryan Bridge
17:40
Speaker 1: and One roof Love.
17:42
Speaker 3: Where You Live News Talks at B.
17:50
Speaker 2: Twenty four away from six newsbooks. They'd be coming up
17:52
Speaker 2: before Top of the Our Fuel Standards. We'll also head
17:55
Speaker 2: to Australia with Lizzie Yeomans. Someone has just sent me
17:58
Speaker 2: a story saying and headline I can't even bring myself
18:01
Speaker 2: to open the story, but it says, do we need
18:03
Speaker 2: a lockdown to damp and diesel demand? Are we how insane?
18:09
Speaker 2: I'm just assuming that's a gotcha headline, like an attention grabber,
18:14
Speaker 2: but the thought of it, honestly so. Oil down back
18:18
Speaker 2: under one hundred dollars a barrel. It's Taco Tuesday. Trump's
18:20
Speaker 2: checking down on his ultimatum with the Iranians and the
18:23
Speaker 2: power plants. He's now given them five days, so we'll
18:26
Speaker 2: see what happened. That's why the oils come down in price.
18:29
Speaker 2: Wall Street's rallying a bit this morning, and Judy's on
18:32
Speaker 2: the money on Fonterra. Judy, good to have your texting
18:35
Speaker 2: in every morning. Very much appreciate you. Ryan. The key
18:38
Speaker 2: takeout from the Fonterra result as a return on capital
18:41
Speaker 2: consumer was the week link food service and ingredients are
18:44
Speaker 2: where we make our money exactly right. And we spoke
18:47
Speaker 2: to the Fonterra co op chair this morning, John Stevenson.
18:51
Speaker 2: He said, look, there are other companies, including the one
18:53
Speaker 2: the French that we sold it to mainland, that will
18:57
Speaker 2: do better with this. They will get more out of it,
18:59
Speaker 2: they will make more money. Tip Top trebled its revenue
19:02
Speaker 2: after it was sold. Because some people are better at
19:06
Speaker 2: some things than others are better at others. It turns
19:08
Speaker 2: out we're good at making milk twenty three away from approtein,
19:12
Speaker 2: twenty three away from top of the.
19:14
Speaker 3: R Bryan Bridge.
19:16
Speaker 2: Let's go to our reporters, clum Into Need and Cullen.
19:18
Speaker 2: Good morning morning. Ryan, tell us about the rural firefighters
19:22
Speaker 2: Otago now training as first responders.
19:25
Speaker 14: Yeah, this is a bunch of klufive Valley Brigade members
19:28
Speaker 14: are stepping up to also become a first responder unit,
19:32
Speaker 14: the Kliff of Valley Brigade.
19:33
Speaker 3: This is South Otago.
19:34
Speaker 14: The move comes from the need to provide faster assistance
19:37
Speaker 14: at medical emergencies because the nearest ambulance can at sometimes
19:41
Speaker 14: be at least more than half an hour away. So
19:44
Speaker 14: what's happening fourteen of these brigade members have signed up
19:47
Speaker 14: to receive additional training and new equipment so they can
19:50
Speaker 14: deliver this high level of care while they wait for
19:53
Speaker 14: ambulance support. The brigade chief there is Richard Hunter. He's
19:57
Speaker 14: told us he hopes this will help attract more volunteers
19:59
Speaker 14: who you may not actually wish to be firefighters, but
20:01
Speaker 14: still want to give back to their community as emergency respondents.
20:04
Speaker 2: All right, how's the weather?
20:07
Speaker 14: Good day here, fine morning, low cloud or fog nor
20:09
Speaker 14: easterlies for a time in the high twenty two.
20:11
Speaker 2: Nice one, Good to have you back, Callum and Claires
20:13
Speaker 2: in christ Ex morning, Claire, good morning. Canterbury doing it again,
20:17
Speaker 2: out performing everyone else with the Regional report cup.
20:20
Speaker 15: Yes, this is asb's latest Regional Economic school Board. It
20:24
Speaker 15: shows Canterbury secured its third quarterly win of twenty twenty five,
20:28
Speaker 15: topping almost every key measure, including employment and population growth.
20:33
Speaker 15: Now Otago and Weinkarthor did tie in second, Auckland climbed
20:37
Speaker 15: to fourth, and Wellington sadly max finished last. Asb's Nick
20:42
Speaker 15: Toughley says Canterbury's success comes from the diversified export base.
20:47
Speaker 15: He says the region's ongoing recovery, especially with things like
20:50
Speaker 15: the new stadium, has spurred activity and means it's performing
20:54
Speaker 15: well across the board. That said, toughly does acknowledge that
20:57
Speaker 15: given the current global insecurity, things could be rocky here
21:01
Speaker 15: in the success here may be threatened, though he thinks
21:04
Speaker 15: we should remain fairly optimistic.
21:07
Speaker 2: And you always h Cly haws you with her fine.
21:10
Speaker 15: Aside from some areas of low cloud about early today
21:12
Speaker 15: and again this evening southwesterly is developing and the high
21:15
Speaker 15: should be twenty three.
21:16
Speaker 2: All right, it's got to the Loasa morning, Max.
21:19
Speaker 6: Yeah, good morning.
21:20
Speaker 2: Hey, what's going on with this risk of the Iranian restaurant?
21:22
Speaker 2: Then the flags?
21:24
Speaker 6: Yeah, so there's a Persian restaurant called Banu right in
21:28
Speaker 6: the middle of lower Huts. The owner is Iranian. The
21:31
Speaker 6: US and Israel of course bomb his country, and then
21:33
Speaker 6: he puts US and Israeli flags on his floor as
21:36
Speaker 6: a sign of disrespect for customers to walk over, which
21:40
Speaker 6: has led to some threats, death threats, even efforts to
21:43
Speaker 6: get the guy deported. The thing is, he says he
21:46
Speaker 6: doesn't actually support the Iranian regime. He hates them too. Well,
21:49
Speaker 6: he's specifically protesting is the bombing of his country, the
21:52
Speaker 6: killing of school kids. He says he's got several family
21:55
Speaker 6: members in fact, who have died in these strikes. He
21:58
Speaker 6: says he loves his people, he loves his country and
22:00
Speaker 6: wants a revolution like everyone else. So not only does
22:03
Speaker 6: he have Israelis and Americans against him for people walking
22:06
Speaker 6: over their flags, he's also got fans of the Islamic regime,
22:10
Speaker 6: the previous Shah against him. Some people as well, actually
22:14
Speaker 6: doubt he really is opposed to the Yaha. Many's things
22:17
Speaker 6: have turned physical in the store. There's security footage you
22:20
Speaker 6: can look at on the Herald. People from around the
22:23
Speaker 6: world have been flooding his place with one star reviews.
22:26
Speaker 6: He's been receiving random threatening calls. Just worth pointing out
22:30
Speaker 6: New Zealand law does not prohibit disrespecting other countries' flags.
22:35
Speaker 2: Goodness, may sounds like he's got a lot on mex
22:37
Speaker 2: and all that before lunch. How's your with U?
22:40
Speaker 3: Yeah?
22:41
Speaker 6: Yeah, The weather's partly cloudy with norther les a high of.
22:43
Speaker 2: Twenty Thanks so much, and it's got to Neva and Auckland. Morning, Neva,
22:47
Speaker 2: good morning. Now the city rail link in the Western Line,
22:51
Speaker 2: what are we know.
22:52
Speaker 16: Wow, look here, I think you won't be very happy.
22:54
Speaker 16: We whant to tell you this because the Auckland City
22:57
Speaker 16: Rail Link will have some teething issues. And what's happening
23:01
Speaker 16: is that there's going to be no increased frequency on
23:04
Speaker 16: the Western Line with six trains an hour between Mount
23:07
Speaker 16: Eden and Swanson stations. Now apparently in January they were
23:11
Speaker 16: you know, being tested, and they did train testing and
23:14
Speaker 16: had eight trains an hour. But despite all of that, no, no, no, it's.
23:18
Speaker 2: Got to be six.
23:20
Speaker 16: Auckland Transport sees this is just going to be temporary though.
23:22
Speaker 16: It's a temporary timeline for the first six months of
23:25
Speaker 16: the CRL's operation and then a more frequency will be
23:29
Speaker 16: built in so Greater Auckland director that's Matt Lowry. He says, yes,
23:34
Speaker 16: it's concerning, especially when you think of all the spending
23:37
Speaker 16: of the CRL and six years of rail disruption, but
23:40
Speaker 16: you know it's got to be done. And he said, well,
23:43
Speaker 16: you know what, people, they won't be happy. They expect
23:45
Speaker 16: to better service and it could put them off.
23:47
Speaker 2: So this is once it opens the City rail Link
23:50
Speaker 2: that if you're going from out west, there'll be no
23:52
Speaker 2: increased frequency.
23:53
Speaker 16: Correct, that's all right, that's it in a nutshell. So
23:58
Speaker 16: from Mountain Eden to the Swanson stations and I think, yeah,
24:03
Speaker 16: so it's still going to be the six trains an hour, right,
24:06
Speaker 16: they tested for eight in January and thinking you know,
24:09
Speaker 16: but then they thought you no, yeah, competit. No, not
24:12
Speaker 16: so for the first six months it's what's going to happen,
24:15
Speaker 16: So you know, is it a shock horror for you?
24:18
Speaker 2: Good luck everybody? Honestly, I mean I suppose we should
24:22
Speaker 2: be grateful they're not going down.
24:25
Speaker 16: I thought you were going to say we should be
24:26
Speaker 16: grateful that you and I don't live out west.
24:28
Speaker 2: Well that too. Every morning I wake up and thank
24:32
Speaker 2: the Lord, how's that weather?
24:35
Speaker 16: Cloudy shells, isolated shells developing a high of twenty three.
24:39
Speaker 16: We're thinking of your west.
24:40
Speaker 2: Auckland seventeen to sex, Thank you Jesus. Now, when most
24:44
Speaker 2: of you think of Fiji, we tend to recall sun
24:47
Speaker 2: filled family holidays with the kids, romantic getaways with the
24:50
Speaker 2: other half, great stuff, wonderful memories. Nothing wrong with that.
24:54
Speaker 2: Thousands of key Wes will tell you that. But what
24:56
Speaker 2: doesn't come to mind often and often enough is the
25:00
Speaker 2: idea of absolute luxury. Well here's an update for you.
25:03
Speaker 2: Fiji does luxury just as luxuriously as anywhere else in
25:08
Speaker 2: the world. Think overwater beureats, elevated dining experiences, personalized wellness retreats,
25:14
Speaker 2: secluded luxury experiences, stuff that will recharge your batteries like
25:18
Speaker 2: nothing else on earth. In Fiji, you can have it all,
25:21
Speaker 2: from luxurious island to Ireland. Let's start with Vomo, name
25:25
Speaker 2: number one best luxury Fiji resort for families. Then of
25:29
Speaker 2: course there is Totkoriki, named Fiji's best adults only resort.
25:33
Speaker 2: And then there's Na Naranuku Resort. This is a five
25:37
Speaker 2: hundred acre coastal Fiji estate. It's where all your Hollywood
25:41
Speaker 2: stars stay. Think Hilary Swank, Think Neil Patrick Harris. They've
25:44
Speaker 2: all been there, stayed there, raved about it. The list
25:47
Speaker 2: goes on. So if you're looking for luxury with a
25:49
Speaker 2: distinctly welcoming vibe, head to Fiji, where happiness and luxury
25:54
Speaker 2: come naturally.
25:55
Speaker 3: Bryan Bridge Text of.
25:57
Speaker 2: The morning so far a ho Ryan rather than high.
26:00
Speaker 2: I'm from Fred. Oh, Fred, nice to hear from you.
26:03
Speaker 2: My suggestion, says Fred, on reducing fuel consumption, is to
26:06
Speaker 2: remove all speed bumps. Henceforth has the added benefit of
26:10
Speaker 2: reducing we're on our cars and reducing trip times. What
26:14
Speaker 2: do you think, Fred, I think it's a brilliant idea.
26:16
Speaker 1: Thank you for sharing international correspondence with Ends and Eye Insurance,
26:20
Speaker 1: Peace of mind for New Zealand business.
26:23
Speaker 2: Third into six check in on how the Aussies are
26:26
Speaker 2: dealing with the fuel situation and Leslie Yeomans is with us. Leslie,
26:29
Speaker 2: good morning morning, Ryan.
26:31
Speaker 17: Should I whimper now about the prices?
26:34
Speaker 2: Well, they're not as bad as ours. I was having
26:36
Speaker 2: listening yesterday and you were in such a better spot
26:39
Speaker 2: than us before the war broke out too.
26:42
Speaker 17: Well, yes, there were, It depends where you were. I
26:45
Speaker 17: guess they are getting pretty high. In fact, we've even
26:51
Speaker 17: had one a minister say it could get to as
26:53
Speaker 17: high as four dollars a leader over here, and it
26:55
Speaker 17: is getting even higher out in the regions. We've got
26:58
Speaker 17: farmers and and food producers and transport people sort of
27:03
Speaker 17: crying fowl because they're if they can get fuel, it's
27:07
Speaker 17: just going to skyrocket. It's just it's just amazing. We've
27:12
Speaker 17: got dozens of service stations on the East Coast a
27:15
Speaker 17: low on fuel. Some some have even run dry. We've
27:19
Speaker 17: had the Parliament being told yesterday that six fuel ships
27:23
Speaker 17: expected to deliver oil over the next month have been canceled.
27:29
Speaker 17: Some are hopefully getting here, but they're having to come
27:32
Speaker 17: via the Gulf of Mexico. So that's what the government's
27:37
Speaker 17: trying to organize, is ships coming from other areas. And
27:40
Speaker 17: we're also being told not to panic by which is
27:43
Speaker 17: great in theory, but a lot of people aren't listening.
27:46
Speaker 2: Yes, no, a lot more panic there than there is here,
27:48
Speaker 2: it seems as well, Leslie, what about the broadcasters said
27:52
Speaker 2: to ABC going on strike?
27:54
Speaker 17: Yeah, it's the hundreds and hundreds of them are going
27:57
Speaker 17: on strike from tomorrow morning around eleven o'clock. They've rejected
28:03
Speaker 17: aunties or the ABC's latest below CPI payoffer. Sixty percent
28:08
Speaker 17: of those asked to vote have decided to take the
28:12
Speaker 17: strike action. They're not just concerned about the lack of
28:16
Speaker 17: a reasonable payoffer, though, they're concerned about job security and
28:21
Speaker 17: like thereof many workers are on rolling short term contracts,
28:24
Speaker 17: so they're not happy about that. They're also concerned about
28:28
Speaker 17: the emergence of AI and claiming they've got no reassurance
28:31
Speaker 17: from management that staff wouldn't be replaced with AI. So
28:35
Speaker 17: two thousand and six was the last time they took
28:37
Speaker 17: industrial action the journalist that is. And it looks like
28:40
Speaker 17: it's going to be a twenty four hour strike from
28:43
Speaker 17: tomorrow at eleven. It'll be interesting to see what management
28:47
Speaker 17: are recruited to come on and do the news bulletins
28:50
Speaker 17: for the radio and TV.
28:52
Speaker 2: Interesting. Thanks so much for that. That's Lizzie Geomans Our
28:55
Speaker 2: Australia correspondent. Time is a living away from six Ryan Bridge.
28:58
Speaker 2: So government's announcing it's first change to help us from
29:01
Speaker 2: roll stop us potentially from running out of fuel, lowering
29:05
Speaker 2: the quality specifications for imports to match the Aussies. Just
29:08
Speaker 2: don't call it dirty. Don Calassie is transporting in z' CEO,
29:12
Speaker 2: former Z Energy Logistics manager with us this morning.
29:14
Speaker 3: Dome get a morning Ryan.
29:17
Speaker 2: They're not doing sulfur with these changes. Why are they
29:20
Speaker 2: not doing sulfur? And will they what they are announcing
29:23
Speaker 2: make much of a difference, do you think?
29:27
Speaker 11: Look, Well, firstly, I think it's great that officials are
29:30
Speaker 11: looking at alternative options. I think part of good risk
29:34
Speaker 11: management is look at those water scenarios. So I think
29:39
Speaker 11: you know, we're a long way from having to get
29:41
Speaker 11: Australian fuel. But if we got to that stage, then
29:44
Speaker 11: they're constraining it in terms of the sulfur content that
29:50
Speaker 11: ultimately affects how the harmful emissions are treated in the
29:55
Speaker 11: engine management system. And so we were asked by a
30:00
Speaker 11: about our view on what needed to have on with
30:03
Speaker 11: the solf content, and we've said, look, just with the
30:05
Speaker 11: New Zealand standard, because if we had higher sulfur then
30:11
Speaker 11: modern engine management systems would need to be adjusted to
30:15
Speaker 11: cope with the after treatment.
30:18
Speaker 2: So we have adapted to a lower sulfur environment and
30:21
Speaker 2: it was very hard to turn that ship around.
30:26
Speaker 11: Look, Hindflight's wonderful things, but we went for low sulfur
30:32
Speaker 11: because that was a good thing for the environment. And
30:35
Speaker 11: in fact many other countries have two. In fact, we
30:40
Speaker 11: rely on largely on international manufacturers for our truck engines
30:45
Speaker 11: and effect for our trucks. You know they're coming from
30:47
Speaker 11: the US, Europe and Japan, so we're not unusual in
30:52
Speaker 11: that regard.
30:54
Speaker 2: If then we need to ration, obviously you guys will
30:57
Speaker 2: be wanting first DIBs on diesel.
31:04
Speaker 11: I think it's again transport is one part of a
31:08
Speaker 11: supplied chain. These is clearly really important for the economy
31:13
Speaker 11: that goes from food production right through to transport. I
31:20
Speaker 11: think if we do need a ration, and again that's
31:23
Speaker 11: something that I think it's important we play what's in
31:29
Speaker 11: front of us now and what we can see right
31:32
Speaker 11: now is granted there's been some short term disruptions for
31:36
Speaker 11: stockets that truck stops, but we believe the government there's
31:42
Speaker 11: probably six weeks off fuel left in the country. The
31:46
Speaker 11: ships that are programmed are on their way, and so
31:51
Speaker 11: it's important the economy should travel.
31:53
Speaker 2: It should keep functioning, and don't get too carried away
31:57
Speaker 2: with ourselves. Don't appreciate your rationale. The morning, Don Calassie
32:01
Speaker 2: Transporting ends ed CEO. It is seven away from six
32:03
Speaker 2: news talks. He'd be Mike's in with us next.
32:06
Speaker 1: The first word on the News of the Day Early
32:09
Speaker 1: edition with Ryan Bridge and one roofe love where you live.
32:13
Speaker 2: News talks'd be five to six Ryan. Six trains per
32:16
Speaker 2: hour This is after the CRL opens on the Western Line.
32:19
Speaker 2: Six trains per hour, says John is one every ten minutes,
32:23
Speaker 2: eight trains an hour, every one every seven and seven
32:25
Speaker 2: and a half minutes. Is the difference actually, world ending,
32:28
Speaker 2: would it make an actual difference for your average commuter. John, Yes,
32:32
Speaker 2: it would. Let's go to Mike.
32:35
Speaker 8: Anyone's lived internationally, you know that's that's that's the magic
32:39
Speaker 8: of public transport, and that's why I take public transport
32:42
Speaker 8: internationally because I know, like you go, you go down
32:45
Speaker 8: in London, it doesn't matter where you're going or what's happening.
32:48
Speaker 8: Are trains coming? You don't have to think about it.
32:50
Speaker 8: You don't have to plan it, you don't have to
32:52
Speaker 8: race yet.
32:52
Speaker 2: It's a train is coming, exactly. You do that. It's
32:54
Speaker 2: a convenience bill will come so well, exactly, but we're not.
32:58
Speaker 2: We're building, We're giving them. It'll be the same, the.
33:01
Speaker 8: Usual half baked half as sort of thing. Hey look,
33:04
Speaker 8: how good do you feel this morning?
33:05
Speaker 2: Great?
33:06
Speaker 8: I mean it's over, isn't it. It was over four
33:09
Speaker 8: to six weeks, four to six weeks. It'll be done
33:13
Speaker 8: by six deals and you won't know anything about I
33:16
Speaker 8: ran when he goes.
33:16
Speaker 2: We win.
33:17
Speaker 8: You won't know that it's not true, or maybe it
33:19
Speaker 8: is true. Who would know? Oils back down, we're filling
33:22
Speaker 8: our car up. I was if I was the government
33:24
Speaker 8: on this announcement today.
33:25
Speaker 2: What do you do I think you just crouch and
33:28
Speaker 2: hold because the moment they turn the tap on, easy
33:33
Speaker 2: to turn a tap on, hard to turn it off.
33:35
Speaker 2: Oh this thing, Yeah, no, they'll you can turn that
33:38
Speaker 2: off with the in work tax credit and the working
33:41
Speaker 2: for families.
33:41
Speaker 8: But you you've got to say, you've got to turn
33:43
Speaker 8: it off though. You know, once you give people money,
33:45
Speaker 8: they get used to it.
33:46
Speaker 2: Give it a time.
33:47
Speaker 8: So all of a sudden oils down below one hundred.
33:49
Speaker 8: A deal's clearly been done. This thing's done in two weeks.
33:52
Speaker 2: Right, Well, well, if a deal being done in the
33:56
Speaker 2: Strait being open to two different things. No, but but you.
33:58
Speaker 8: Know what I'm saying. Do you still pull the trigger
34:01
Speaker 8: on help?
34:02
Speaker 2: Yeah, you do because you've promised it already. You see,
34:06
Speaker 2: you met yourself into a bit of a corner. This
34:08
Speaker 2: and much more this morning. All right, Mike's next, have
34:10
Speaker 2: a great day. Run see tomorrow.
34:15
Speaker 1: For more from Early Edition with Ryan Bridge. Listen live
34:18
Speaker 1: to News Talks it'd be from five am weekdays, or
34:21
Speaker 1: follow the podcast on iHeartRadio.