Latest / Best of Business / Ryan Bridge: Things are about to get a whole lot more expensive

Transcript

Ryan Bridge: Things are about to get a whole lot more expensive · Best of Business

• 0:09
  Speaker 1: You're listening to a podcast from Newstalk SEDB. Follow this
• 0:13
  Speaker 1: and our wide range of podcasts now on iHeartRadio.
• 0:17
  Speaker 2: I have good news and bad news for you this morning.
• 0:19
  Speaker 2: The good news, I was out shopping on the weekend,
• 0:21
  Speaker 2: which means I didn't actually buy anything, but drove halfway
• 0:24
  Speaker 2: Acrosstown looking for a BedHead, couldn't find it, and then
• 0:26
  Speaker 2: went home empty handed. But the good news is the
• 0:29
  Speaker 2: shops that I visited were full of people spending money.
• 0:32
  Speaker 2: Hardware store full, furniture store less full, but still busy.
• 0:36
  Speaker 2: The Devil wears Prata on Saturday night, I can tell you.
• 0:39
  Speaker 2: I can report was one hundred percent booked out for
• 0:42
  Speaker 2: all of the sessions, and they were running almost on
• 0:44
  Speaker 2: the hour, so that is a good thing. I've never
• 0:46
  Speaker 2: really rated Anne Hathaway's acting Chops, but literally thousands of
• 0:50
  Speaker 2: middle aged women Glass of savvyb in hand clearly did
• 0:53
  Speaker 2: a survey at today says retailers are worried about the
• 0:56
  Speaker 2: fuel shock, but I didn't see much reason to be
• 0:58
  Speaker 2: freaking out over the weekend. Now the bad news. All
• 1:01
  Speaker 2: the stuff we buy in this country comes by sea,
• 1:04
  Speaker 2: all the trinkets, all the furniture, the nonperishables come over
• 1:07
  Speaker 2: the ocean. Because we're a you know, an Ireland. More
• 1:10
  Speaker 2: than eighty percent of our trade is done on a
• 1:11
  Speaker 2: ship by value and weight. Half of that trade imports
• 1:15
  Speaker 2: and exports, almost half done by the shipping giant MRSK.
• 1:20
  Speaker 2: And a little reported note to customers Friday, MRSK is
• 1:24
  Speaker 2: slapping an almost thirty percent fuel surcharge onto inland transport.
• 1:29
  Speaker 2: The fuel bill for imports is increasing twenty seven percent,
• 1:34
  Speaker 2: the Aussies is going up eighteen percent. This cost gets
• 1:37
  Speaker 2: added to all the stuff that we buy, so anything
• 1:40
  Speaker 2: in country right now will be cheaper than anything that
• 1:43
  Speaker 2: is about to be sent here. They started this new
• 1:46
  Speaker 2: charge rate on Friday, which does make my weekend in
• 1:49
  Speaker 2: busy shops and a gay old time at the pictures
• 1:51
  Speaker 2: on Saturday night. Fel somewhat like to use another movie analogy,
• 1:55
  Speaker 2: a dinner party aboard the Titanic as it listed into
• 1:58
  Speaker 2: the Atlantic Ocean.
• 2:00
  Speaker 1: For more from News Talks at b listen live on
• 2:03
  Speaker 1: air or online, and keep our shows with you wherever
• 2:06
  Speaker 1: you go with our podcasts on I Hard Radio