Latest / Early Edition with Ryan Bridge / Full Show Podcast: 22 May 2025

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Full Show Podcast: 22 May 2025 · Early Edition with Ryan Bridge

0:02
Speaker 1: The issues is the interviews and the insight. Ryan Bridge
0:06
Speaker 1: on early edition with one roof make your property search simple,
0:11
Speaker 1: use Talks.
0:12
Speaker 2: It'd be good morning, Welcome to your Thursday's budget Day
0:15
Speaker 2: to day. We'll get to Simon Bridge's former Associate Finance
0:18
Speaker 2: Minister and the Sea to use Craig Rennie for their pecks.
0:21
Speaker 2: Superannuation going to be a big topic of discussion this morning.
0:24
Speaker 2: If you've got views nine to nine two the number
0:27
Speaker 2: de text. Mitch McCann is in the US for US.
0:30
Speaker 2: Trump's been meeting with the South African counterpart. We will talk.
0:34
Speaker 2: There's still actually going in the Oval Office. We'll talk
0:36
Speaker 2: about that later in the program. Our reporters around the country.
0:39
Speaker 2: Of course, Shane Jones wants to look at farming octopus,
0:43
Speaker 2: but I also want to ask him where are we
0:45
Speaker 2: at with the oil and Gas band bill because it's
0:48
Speaker 2: basically stalled and we're celebrating our primary sector this morning
0:52
Speaker 2: after those trade surpus numbers that we had at yesterday.
0:56
Speaker 2: It is seven minutes after five Thursday of twenty second
1:02
Speaker 2: of May. At the White House. As I mentioned, the
1:04
Speaker 2: South African President Cyril Ramaposa is there. He's been visiting Trump.
1:07
Speaker 2: Trump says white farmers are fleeing South Africa, with dozens
1:11
Speaker 2: moving to the US's refugees. Ramaposa denied it. Then Trump
1:16
Speaker 2: confronted him by playing a video.
1:19
Speaker 3: Let me see the articles flares of a you would
1:22
Speaker 3: and excuse me, turn the lights down. Turn the lights
1:26
Speaker 3: down and just put this on. It's right behind you.
1:30
Speaker 3: Each one of those white things you see is across
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Speaker 3: and there's approximately a thousand of them. They're all white farmers,
1:40
Speaker 3: the family of white farmers. And those guys aren't driving
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Speaker 3: their stuff there to pay respects to their family member
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Speaker 3: who's killed.
1:49
Speaker 2: Rama Posa's just sitting there like what is happening? Show
1:52
Speaker 2: and tell from the president. Meanwhile, Trump's been talking about
1:55
Speaker 2: building a Golden dime. We spoke about this yesterday. And
1:58
Speaker 2: guess who's come along saying I want to be covered
2:01
Speaker 2: by your golden dome. It's Kni from Canada.
2:05
Speaker 4: You'll get many defense experts who say that this is
2:08
Speaker 4: how Donald Trump and know the world leaders should be
2:10
Speaker 4: looking at defense for the future. The big question is
2:14
Speaker 4: is Donald Trump being overly vicious now Gaza.
2:18
Speaker 2: Obviously there are growing calls for aid for the Palestinians.
2:22
Speaker 2: Israeli officials say ninety three trucks are being let in.
2:25
Speaker 2: The UN says teams have not been able to distribute
2:28
Speaker 2: the aid that they're bringing in.
2:30
Speaker 5: We started to see malnutrition go down, we started to
2:33
Speaker 5: fix fad the points. We got medicines in the hospitals,
2:35
Speaker 5: but it was five hundred trucks a day, and we're
2:38
Speaker 5: not seeing anything like that right now, a tiny, tiny fraction.
2:42
Speaker 5: So if we're serious, if the government is serious about that,
2:45
Speaker 5: then the United Nations and very brave partners are ready
2:48
Speaker 5: to go. But early stages so far, I'm not.
2:51
Speaker 2: Looking good now. Jas Thornton, she's the mental health advocate
2:54
Speaker 2: blessed her. I think she does great work, but I
2:56
Speaker 2: think she's completely wrong. She came out yesterday and basically
3:00
Speaker 2: against the ban on social media for kids. She reckons
3:04
Speaker 2: the band could lead to more kids taking their own lives.
3:08
Speaker 6: There's been kids that say that they would not be
3:11
Speaker 6: here if it wasn't for that.
3:12
Speaker 2: I just think so.
3:13
Speaker 6: Much more needs to be looked at and assessed because
3:16
Speaker 6: I think we're going to lose more kids from something
3:19
Speaker 6: like this.
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Speaker 2: The evidence, if that's what you want to go off,
3:24
Speaker 2: the overwhelming evidence is that phones are making our kids mental.
3:29
Speaker 2: They're making them depressed, They're making them anxious, the worst
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Speaker 2: thing for their mental health. Nine after five Get.
3:38
Speaker 1: Ahead of the Headlines on early edition with Ryan Bridge
3:42
Speaker 1: and one roof Make your Property Search Simple News talks
3:46
Speaker 1: that'd be.
3:46
Speaker 2: Lots of stuff for you this morning. Trump's big beautiful
3:49
Speaker 2: bill trying to get through the House. We'll look at that.
3:50
Speaker 2: We've got new seak numbers. We got this Reserve Bank survey,
3:54
Speaker 2: the first one that they've done, asking businesses, how do
3:57
Speaker 2: you feel about inflation? What's going to happen with inflation?
4:01
Speaker 2: It's not good. We'll get to that later. But I
4:03
Speaker 2: was just wondering for people who are reading the news,
4:08
Speaker 2: did you see this story from Kate McNamara at The
4:10
Speaker 2: Herald yesterday. She's a business journalist. She did great stuff
4:13
Speaker 2: during COVID. Anyway, she's had a look at David Seymour's
4:16
Speaker 2: Regulatory Standards Bill because it's been introduced to the House
4:19
Speaker 2: this week. And I was talking to a friend about
4:21
Speaker 2: this on the weekend. Is anybody on board with David
4:25
Speaker 2: Seymour and his crusades at the moment? I don't know.
4:30
Speaker 2: I just feel like they're maybe not quite achieving the
4:36
Speaker 2: things that they set out to achieve while also costing
4:39
Speaker 2: us a shite ton of money. So here's a look
4:43
Speaker 2: at this. So it's basically it's very complicated and convoluted process.
4:47
Speaker 2: But you've got to go away and measure all of
4:50
Speaker 2: the current bills that exist and all future bills, measure
4:54
Speaker 2: those against the set of standards that the regulatory standards,
4:58
Speaker 2: and there'll be a new statutory boards set up. Oh
5:01
Speaker 2: that sounds expensive. It's all run by the regulation Ministry
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Speaker 2: Ministry of Regulation, which again he has set up. None
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Speaker 2: of this stuff is binding, so you will end up
5:12
Speaker 2: surely it will be like you know, measuring things against
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Speaker 2: climate change standards or whatever, you know, another well being standards,
5:20
Speaker 2: another bunch of measures you measure against. Recommendations get made
5:25
Speaker 2: and then get ignored. None of it's binding, and the
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Speaker 2: cost Kate McNamara reckons twenty million dollars a year for
5:32
Speaker 2: twenty years. And what's worse, impossible to identify any benefits
5:38
Speaker 2: at this stage. I mean, if this was just if
5:40
Speaker 2: the shoe was on the other foot and just Sindra
5:42
Speaker 2: Adur and said I've got this amaze as she did,
5:45
Speaker 2: you know, with the well being amazing idea, and we
5:47
Speaker 2: need to measure this against that, and I'll set up
5:49
Speaker 2: a working group and I'll set up a board and
5:52
Speaker 2: it's going to cost you this much. And by the way,
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Speaker 2: I can't tell you how much it will save us.
5:57
Speaker 2: You would be furious, wouldn't you. And the Ministry for
6:01
Speaker 2: Regulation seventy staff, seventeen fixed term, the average salary one
6:06
Speaker 2: hundred and fifty thousand dollars. And I had a look
6:09
Speaker 2: on their website their news releases since they've been set
6:12
Speaker 2: up basically couple of reviews. You know, you'll probably be
6:16
Speaker 2: able to get a beer at your hairdresser or a
6:18
Speaker 2: glass of wine if you want. There'll be no hot
6:20
Speaker 2: water at the daycare as of compulsion, but really twelve
6:25
Speaker 2: after five News Talk se B Bryan Bridge coming up next.
6:28
Speaker 2: We're going to talk to Federated farmers because the primary
6:32
Speaker 2: sector has been driving our export growth and there's a
6:36
Speaker 2: lot to celebrate. This morning News and Views.
6:39
Speaker 1: You trust to start your day is early editioned with
6:42
Speaker 1: Ryan Bridge and One Room Make your Property Search Simple.
6:46
Speaker 2: News TALKSB just gone quarter past five, so we've got
6:50
Speaker 2: to seek employment data out. This is their job ads
6:52
Speaker 2: report for April. The job ads are up one percent
6:56
Speaker 2: month on month. The applications per ad down three percent
7:00
Speaker 2: month on month. This is good. This is the fourth
7:03
Speaker 2: month of growth this year. The annual rate of decline
7:06
Speaker 2: is that it's lowest since December twenty twenty two, so
7:09
Speaker 2: that is good too. I mean, it's not taking off
7:12
Speaker 2: a modest recovery you might call it, or at least stabilizing.
7:16
Speaker 2: Volumes were up as well, solid growth in some big
7:18
Speaker 2: regions or cleaned up three percent for volumes. Why count
7:22
Speaker 2: up four percent for volumes and year on year growth,
7:26
Speaker 2: which is quite a different beast Otago up one percent,
7:29
Speaker 2: Tasman up four percent. They are among just a handful
7:32
Speaker 2: of regions where that actually happened. The industries ten percent
7:37
Speaker 2: jump for retail and IT up seven percent month on
7:41
Speaker 2: month and seven percent year on year. So we love
7:43
Speaker 2: an IT expert a month or two. Well done. Largest
7:47
Speaker 2: rise in job adds month on month, up ten percent
7:49
Speaker 2: from March. This is sixteen after five now. Grime bred
7:53
Speaker 2: climbary sector has helped drive an April trade surplus of
7:56
Speaker 2: one point four billion dollars, first billion dollar surplus in
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Speaker 2: five years. For the month it was a five hundred
8:03
Speaker 2: sorry a twelve million dollar deficit the same time last year.
8:07
Speaker 2: Dairy the big winner, up six hundred million dollars on
8:10
Speaker 2: last year to a total of two point two billion.
8:12
Speaker 2: Milk powder alone brought in a billion bucks, up thirty
8:15
Speaker 2: two percent on last year. Richard McIntyre, Federated Farmers Dairy Chairperson,
8:19
Speaker 2: with me this morning, Richard, Good morning, Good morning, Ron.
8:23
Speaker 2: So this is something worth celebrating, is it? Can you
8:26
Speaker 2: put it into context? Everyone's saying our farmers are creaming it.
8:29
Speaker 2: I'm paying too much for my butter. What do you say?
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Speaker 7: Well, first, all right, there'll be a heap of dairy
8:35
Speaker 7: farmers listening to your show this morning with a smile
8:37
Speaker 7: and the faces just hearing it. You know, we're so
8:39
Speaker 7: proud of our contribution to the economy and the wider
8:43
Speaker 7: standing of the center of living that we help New
8:47
Speaker 7: Zealand degenerate. Sorry, but look, yeah, there's there's a lot
8:51
Speaker 7: going on in the space. You know. Definitely, milk prices
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Speaker 7: a rising the same way that everything else is rising
8:56
Speaker 7: at the moment. But you know, dairy farmers aren't agreement.
8:59
Speaker 7: We are doing a right at the moment, but our
9:02
Speaker 7: costs have gone up so much over the last few
9:04
Speaker 7: years that you know, in all reality, all we're doing
9:06
Speaker 7: is making a reasonable margin at the moment.
9:08
Speaker 2: Yeah, on farm inflation and just whacked you guys for sex,
9:11
Speaker 2: didn't that? So does this how long do you? I mean,
9:15
Speaker 2: I saw the ASB numbers for predictions for next season.
9:18
Speaker 2: It's looking like it could be which starts shortly, could
9:21
Speaker 2: be a good one.
9:22
Speaker 7: Too, Yeah, definitely, you know, it's all indications are that
9:26
Speaker 7: next season is going to be around the ten door
9:28
Speaker 7: mark at the moment, but there's still a lot of
9:30
Speaker 7: volatility out these internationally, so you never really know until
9:34
Speaker 7: until you're told you've got it, you know, a year later.
9:36
Speaker 7: But look, on farm costs are still sitting around the
9:39
Speaker 7: eight dollar fifty markers, so you know, there's about a
9:41
Speaker 7: dollar fifty margin for the average farmer at the moment.
9:43
Speaker 7: So we're cidering, not cream it. But it is certainly
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Speaker 7: a good time for the dear industry.
9:48
Speaker 2: How can it be cheaper to get butter from Australia?
9:51
Speaker 2: You know, you see these stories of bakeries going to
9:54
Speaker 2: Australia to get their butter rather than buying it from here.
9:57
Speaker 7: Well, it's a good question. So you know, New Zealand
10:00
Speaker 7: dairy products attracted premium because they are grass fed, their safe,
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Speaker 7: their nutritious, and they've also got the lowest greenhouse gas
10:08
Speaker 7: emission footprint in the world, and so you know, international
10:11
Speaker 7: customers are prepared to pay a premium for them, so
10:14
Speaker 7: so often it is actually cheaper to import. I enjoy
10:18
Speaker 7: saying this, but your farey Australian product.
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Speaker 2: Richard, Thank you, nice explanation. Richard McIntyre, dairy chairperson at
10:24
Speaker 2: Fed Farmers, appreciate your time. Eighteen minutes after five, Shane
10:28
Speaker 2: Jones calling a next on octopus and also is oil
10:30
Speaker 2: and gas band.
10:32
Speaker 1: Ryan Bridge on a barly edition with one roof make
10:35
Speaker 1: your property search simple used talk zibby.
10:39
Speaker 2: Shane Jones is keen to farm native octopus. At twenty
10:41
Speaker 2: one after five. There's money to be made, he reckons
10:44
Speaker 2: animal rights activist groups unsurprisingly matters how at Auckland University
10:48
Speaker 2: for doing a million dollar tax payer funded study into
10:51
Speaker 2: the farming of native octopus. The Oceans and Fisheries Minister
10:54
Speaker 2: with me this morning. Shane, good morning, thanks, good to
10:58
Speaker 2: have you on the phone. Now, can I just before
11:00
Speaker 2: we get to the octopus, where's your oil and Gas band?
11:03
Speaker 2: Reversal bill.
11:04
Speaker 8: At as soon as we passed the various bits of
11:09
Speaker 8: legislation detaining to the budget, it's next up. It's all drafted.
11:15
Speaker 2: Okay.
11:15
Speaker 8: There was a bit of a there. There were a
11:17
Speaker 8: few things I had to correct because there was a
11:19
Speaker 8: debate with the industry and myself over who and how
11:23
Speaker 8: should the burden of paying for the tidy up after
11:28
Speaker 8: an oil and gas enterprise finishes up.
11:31
Speaker 2: The decommission got through sensible place. Okay. Interesting, so you've
11:36
Speaker 2: got you've done your deals, you've got the bill ready
11:39
Speaker 2: to go, and it'll happen after the budget because it
11:41
Speaker 2: was meant to happen by the end the end of
11:42
Speaker 2: last year. Right, So you finally got it across the line.
11:44
Speaker 2: That's good tonight.
11:46
Speaker 8: Yeah. Well, basically what happened is the guys from the
11:49
Speaker 8: industry felt that we had taken an approach which actually
11:55
Speaker 8: disincentivized them spending more money. I took an approach to
11:59
Speaker 8: protect the in your base of the country, worked it
12:02
Speaker 8: through with one of two of the key senior ministers,
12:06
Speaker 8: and look, it's drafted and ready to go.
12:09
Speaker 2: What have you done to allay their fears?
12:13
Speaker 8: Well, we need to ensure that when decommissioning takes place.
12:18
Speaker 8: That it's done not at the level of the taj Mahal,
12:22
Speaker 8: but it's comparable with international best practice. But at the
12:26
Speaker 8: same time, if it comes to pass that some of
12:29
Speaker 8: the infrastructure has to stay in place, providing that we've
12:35
Speaker 8: closed off the possibility of spillage of any residual oil
12:39
Speaker 8: and whatnot. And without sounding too trick, common sense rule
12:45
Speaker 8: the roost.
12:46
Speaker 2: So what you could leave some platforms out there?
12:48
Speaker 8: No, no, no, no. In other countries around the world,
12:51
Speaker 8: obviously the platforms disappear. Other countries are exploring were not
12:54
Speaker 8: those cavernoists areas under the seabed, as they're large enough
13:00
Speaker 8: that can be used in terms of climate change areas
13:06
Speaker 8: carbon and stuff like that.
13:07
Speaker 2: But give us and give us a sense, what would
13:09
Speaker 2: you let stay on the seabed.
13:12
Speaker 8: Oh look, when we spent the three or four hundred million,
13:14
Speaker 8: I can't exactly. There's a crowd called Tamar and they're
13:18
Speaker 8: the ones who created the problem three or four years ago.
13:21
Speaker 8: The crown ended up absorbing the costs because they fled
13:24
Speaker 8: like butter and Kelnie Hobson, and we took an approach
13:29
Speaker 8: at every single thing had to be taken from the
13:33
Speaker 8: bed of the sea, the foundations, any residual pipework, and
13:42
Speaker 8: we've left an opportunity for a future minister and the
13:47
Speaker 8: owners of the assets to meet a high threshold. At
13:51
Speaker 8: the same time we can make a judgment.
13:54
Speaker 2: So you could leave at the point which you could
13:57
Speaker 2: leave the foundations and the pipes on the ground. Well,
13:59
Speaker 2: that's what they do another party, all right, Well, you
14:02
Speaker 2: know what the Greenies will say about that. They won't
14:04
Speaker 2: be happy, Shane.
14:06
Speaker 8: Yeah, I do tend to trigger them, but the fact
14:08
Speaker 8: of the matter is if we are unable to continually
14:12
Speaker 8: rather generate an economic surplus in New Zealand, we're not
14:15
Speaker 8: going to be able to afford the cost of their rhetoric. Anyway,
14:19
Speaker 8: I'm taking them on next week. They're having a protest down.
14:23
Speaker 2: And what about the lowering of the royalties to incentivize
14:29
Speaker 2: foreign companies, foreign investors. You ruled that out.
14:34
Speaker 8: No, what I'd say is just play attention during the
14:38
Speaker 8: course of the day, That's all i'd say.
14:43
Speaker 2: So come on, Shane, look at five twenty five in
14:45
Speaker 2: the morning, no one's listening.
14:47
Speaker 9: Let me know, Hey, buddy, don't deprecate yourself.
14:51
Speaker 2: No, I'm just kidding, But seriously. That is that is
14:54
Speaker 2: an active issue potentially lowering royalties.
14:58
Speaker 8: Well, no, what I'd say is that what's active is
15:01
Speaker 8: that if we're who half, we're not happy about using
15:05
Speaker 8: mountains of coal, then we've got to do things that
15:10
Speaker 8: stir a greater level of interest and boost the risk
15:14
Speaker 8: taking appetite for the gas industry and just stitches ti
15:17
Speaker 8: ho during the course of the day.
15:18
Speaker 2: Okay, I haven't asked you about octopus. Does it taste nice?
15:23
Speaker 8: Yeah, it's called feki mutu. Dungy was an octopus pursuer.
15:30
Speaker 8: But what I was really hoping to check to you about. Sorry, Yeah,
15:35
Speaker 8: well you're right, it is nice. I had an auntie
15:39
Speaker 8: who used to sort of and if you go up
15:41
Speaker 8: the islands and I had an auntie. When you've got it,
15:43
Speaker 8: you've belted it and then you sort of softened it up.
15:45
Speaker 2: But all, hey, minister, I've just been told that I've
15:49
Speaker 2: actually spoken to you for far too long, so we
15:50
Speaker 2: have to leave it there. I'm afraid, but I do
15:52
Speaker 2: appreciate you coming on the program. Shane Jones, the Ocean
15:55
Speaker 2: and Fisheries Minister. It is twenty six after five the.
15:58
Speaker 1: Early edition full the Show podcast on iHeartRadio powered by.
16:02
Speaker 2: News Talks AB News TALKSB. It is twenty eight minutes
16:05
Speaker 2: after five. So you go drilling for oil in New Zealand,
16:08
Speaker 2: exploring for oil in New Zealand which is currently banned offshore.
16:13
Speaker 2: Thank you to the previous labor government. But we just
16:16
Speaker 2: heard from Shane Jones, had him on the program talk
16:18
Speaker 2: about octopus, which we didn't do. He said, the bill
16:22
Speaker 2: which we've been waiting for, meant to be passed by
16:24
Speaker 2: the end of last year. He is going to introduce
16:27
Speaker 2: that after the budget, told us this morning, and to
16:32
Speaker 2: appease the industry. He's going to allow them to potentially
16:35
Speaker 2: leave the foundations of your platforms, the foundations on the
16:41
Speaker 2: seabed and the pipes too, so you can imagine how
16:45
Speaker 2: that's going to go down with Chloe Swawbrook today. He
16:49
Speaker 2: also said, because there was some rumors floating around that
16:52
Speaker 2: he might lower the royalties on oil and gas to
16:56
Speaker 2: incentivize players to come into New Zealand, he'd watch this
17:00
Speaker 2: space and it's budget day of course, so who knows
17:03
Speaker 2: what could happen. We will be watching that space, minister.
17:06
Speaker 2: Thank you. We got this new Reserve Bank report coming
17:09
Speaker 2: your way next plus Mitch McCann is stateside on News
17:13
Speaker 2: Talk SIBB.
17:33
Speaker 1: The news you need this morning and the in depth
17:35
Speaker 1: analysis Early edition with Ryan Bridge and one roof Make
17:39
Speaker 1: your Property Search Simple News Talk SIBB.
17:53
Speaker 2: New's talking to be twenty four minutes away from six.
17:56
Speaker 2: It is budget Day. We'll get to Craig Wrennie from
17:58
Speaker 2: the Lay Party Council the CTU, along with Simon Bridges,
18:02
Speaker 2: former Associates Finance Minister just before six o'clock. Right now.
18:05
Speaker 2: Providing I make it to sixty five, and you don't
18:08
Speaker 2: want to count your blessings, do you, But providing I
18:11
Speaker 2: make it there, assuming for a second that I do,
18:14
Speaker 2: I don't expect that I'll be receiving the full pension.
18:17
Speaker 2: And you know what, I would rather receive less at
18:21
Speaker 2: a later age than pay more taxes through my working life.
18:26
Speaker 2: Guess what the number of people over sixty five was
18:28
Speaker 2: in this country in two thousand and six, four hundred
18:31
Speaker 2: and ninety five thousand, about half a million. It's increasing
18:34
Speaker 2: by eighty a day. It will reach one million by
18:38
Speaker 2: twenty twenty eight. In a couple of years, by twenty
18:41
Speaker 2: fifty one and a half million. You can see where
18:43
Speaker 2: this is going compared to the OECD. We have the
18:46
Speaker 2: highest basic pension paid from general taxes in the OECD,
18:52
Speaker 2: and of course we've got fewer young people working to
18:54
Speaker 2: support it. Treasury sees this will blow out. We will
18:57
Speaker 2: need to increase taxes personally. No oh, thanks, with another
19:02
Speaker 2: about thirty years on the clock before I get to
19:04
Speaker 2: this magical age. How much extra tax must I pay?
19:08
Speaker 2: Which color government will be in charge when the inevitable happens?
19:12
Speaker 2: Why can't I instead invest my own money, with the
19:15
Speaker 2: help of compounding returns, hopefully set myself up for my
19:18
Speaker 2: own retirement. Like most kiwis, I hope and again you
19:22
Speaker 2: don't count your blessings. I hope I will have invested
19:25
Speaker 2: wisely and saved adequately to feed and house myself. If
19:29
Speaker 2: that changes, then a means tested system should always be
19:33
Speaker 2: a safety net. But at some point we have to
19:36
Speaker 2: move on from think big on NZ super to something smaller.
19:42
Speaker 2: We need to put this thing on a diet twenty
19:46
Speaker 2: two minutes away from Sex now, Calum Procter and de
19:48
Speaker 2: need for us this morning, Calum and oil spill drill
19:52
Speaker 2: is being rehearsed in Dunedin today.
19:55
Speaker 6: Yeah morning, Ryan, the attag original council here along with
19:58
Speaker 6: port Otago combined to conduct this exercise to ensure.
20:02
Speaker 2: The oil spill responses up to scratch.
20:05
Speaker 6: It'll be a six hour long exercise today covering the
20:08
Speaker 6: deployment and launch of containment equipment, rehearsing, cooperation between port
20:13
Speaker 6: Otago oil transfer site holders and also council staff. Up
20:18
Speaker 6: to thirty staff will be involved in this and port
20:20
Speaker 6: Otago Vessel new Era will be the fictitious source of
20:24
Speaker 6: the oil leak. The council says they'll be testing their
20:27
Speaker 6: capabilities of skimming oil from both shore and seasides of
20:30
Speaker 6: the harbor today.
20:32
Speaker 2: How's your weather.
20:34
Speaker 6: It's fine today, high cloud increasing later westerlies and seventeen
20:37
Speaker 6: the high nice one.
20:38
Speaker 2: Thank you, calem and Courtneys and crash Roots this morning, Courtney,
20:41
Speaker 2: good morning, good morning. Now what's going on with this
20:43
Speaker 2: bus in Selwyn?
20:45
Speaker 10: Yes?
20:45
Speaker 11: So as basically back to the drawing board on proposed
20:49
Speaker 11: bus services for the Salwyn district. This comes as the
20:52
Speaker 11: environment Environment Canterbury is struggling with growing demand and limited funds.
20:56
Speaker 11: Local democracy reportings. His residents expressed a knee for more
21:00
Speaker 11: public transport and housing growth areas. Eakend's annual plan proposed
21:05
Speaker 11: moving to a two or three zone fare structure, with
21:08
Speaker 11: wymuccary bus users paying three dollars to travel within the
21:12
Speaker 11: district and four dollars to travel into christ Church. The
21:16
Speaker 11: third zone, if adopted, would apply in Selwyn, but submissions
21:20
Speaker 11: on the third zone indicate residents don't want to pay
21:23
Speaker 11: the proposed targeted rate, so Chair Craig Pauling says they
21:27
Speaker 11: need to look at other options.
21:29
Speaker 2: All right, how's your weather?
21:30
Speaker 11: Fine morning, fog or frost like northwesterlyes developing this afternoon
21:35
Speaker 11: are high of fifteen.
21:36
Speaker 2: Good on you Courtney, Thank you, MAXI is willing to Max.
21:38
Speaker 2: Good morning, Good morning, a big council meeting. This is
21:41
Speaker 2: a long term plan today.
21:42
Speaker 12: Yeah exactly, Not that anyone will care with the budgets
21:45
Speaker 12: being released this afternoon, but councilors are looking at rates,
21:48
Speaker 12: for instance, down to about twelve percent the rise. It's
21:51
Speaker 12: better than it was, still bad. The Council's recommending slowing
21:55
Speaker 12: down the cycle away roll out, pushing ahead with this
21:58
Speaker 12: joint regional water entity in lieu of the disastrous Wellington
22:01
Speaker 12: water hiking. Commercial accommodation rates i e. Making Running an
22:05
Speaker 12: airbnb far more expensive but I suppose you want hotels
22:09
Speaker 12: to invest. Most interestingly, in the past week or so
22:11
Speaker 12: you've had until now with this cost crunch that's happening
22:15
Speaker 12: in the capital. The council's saying we've got to get
22:17
Speaker 12: rid us some community projects, which has included Candala Pool.
22:21
Speaker 12: We just can't afford it. It needs some money to fix.
22:24
Speaker 12: Andrew Little I came out and said he would save
22:27
Speaker 12: the pool where he elected mayor. So then a few
22:30
Speaker 12: days later you had toy Fano, the outgoing mayor, saying
22:33
Speaker 12: she was now committed to saving the pool. Got the
22:37
Speaker 12: jump on Little. The system works. The whole thing was
22:40
Speaker 12: supposed to be sorted out last year, of course before
22:42
Speaker 12: this airport shares sale debacle.
22:45
Speaker 2: Goodness, you keep the pool, you keep the Pagonia house.
22:48
Speaker 12: That's all long with the mex mostly fine fifteen the
22:52
Speaker 12: high Central.
22:53
Speaker 2: Fine for a budget. I thank you, Eniabas and Auklaneva.
22:55
Speaker 2: Good morning reading, I said about Smith and not surprising
22:58
Speaker 2: because we know that there's been some proper But the
23:01
Speaker 2: Central Auckland.
23:02
Speaker 10: Store yes now end of an era. So this one
23:04
Speaker 10: hundred and forty five year old business announced yesterday closing
23:08
Speaker 10: its doors with a final time now this is going
23:10
Speaker 10: to happen before August, a loss of about one hundred jobs.
23:14
Speaker 10: Now Smith and Coey's citing absolutely we all know this
23:18
Speaker 10: reduction and foot traffic, the city center disruptions as reasons
23:21
Speaker 10: for poor performance. Anne Marie Johnson, now she's the retail
23:25
Speaker 10: insied spokesperson. She says, look, this is a familiar story
23:28
Speaker 10: many businesses in areas with this ongoing roading issue. But
23:32
Speaker 10: she says, you know, obviously, combined with the tough economic time,
23:35
Speaker 10: simply too hard for some of these companies to continue.
23:37
Speaker 10: And if you can't get there, you know, I mean,
23:39
Speaker 10: customers are just not going to.
23:40
Speaker 1: Go there around.
23:42
Speaker 2: How's say you weather today right.
23:43
Speaker 10: Well, early fog or frost's for Auckland becoming partly cloudy.
23:47
Speaker 10: Seventeen is the high.
23:48
Speaker 2: Brilliant, thank you never. It is eighteen minutes away from
23:51
Speaker 2: six News talks here b we'll get to Craig Rennie
23:53
Speaker 2: and to Simon Bridges just before six o'clock and Mitch
23:57
Speaker 2: McCann in the States.
23:58
Speaker 1: Next national correspondence with ends and Eye Insurance Peace of
24:03
Speaker 1: Mind for New Zealand Business Quarter six.
24:06
Speaker 2: Two books did big Craig Winni and Simon Bridges on
24:08
Speaker 2: the budget next to Mitch mccannon state side for us.
24:10
Speaker 2: Much good to have you back, Ryan, How are you
24:13
Speaker 2: very well now? Lots to talk to you about this morning.
24:15
Speaker 2: So we've on Gaza Netnya, who's just spoken. He says, basically,
24:19
Speaker 2: the war will continue until all parts of Gaza are
24:22
Speaker 2: under Israeli control. Trump's been speaking this morning, Has he
24:25
Speaker 2: said anything about it? Not that I've seen.
24:28
Speaker 13: Donald Trump has actually been with the South African President
24:30
Speaker 13: Cyril Ramaposa in the last couple of hours. But we
24:33
Speaker 13: saw Tom Fletcher from the United Nations say yesterday that
24:36
Speaker 13: if the AID doesn't get into Gaza, this blockade doesn't
24:39
Speaker 13: reach Gaza in the next forty eight hours, up to
24:42
Speaker 13: fourteen thousand babies will die. That shows the seriousness of
24:46
Speaker 13: the situation. But as you say, Benjamin Etna, who's sort
24:50
Speaker 13: of full steamerhead, he says, it's still a security issue
24:52
Speaker 13: for Israel, despite many members on the international community now
24:56
Speaker 13: telling him that he needs to pull back.
24:59
Speaker 2: Now White's South af Frican farmers are being massacred. That's
25:02
Speaker 2: according to Trump, and he's confronted Ramaposa in the Oval office. Yeah,
25:07
Speaker 2: this was a dramatic moment and the last hour, donald
25:10
Speaker 2: Trump met Cyril Ramaposa. The background, of course to this
25:13
Speaker 2: is that Donald Trump has suggested that white farmers in
25:15
Speaker 2: South Africa are being massacred.
25:18
Speaker 13: He's used the word genocide, and he's even started welcoming
25:21
Speaker 13: white farmers as refugees to the US. Now, in this meeting,
25:25
Speaker 13: Donald Trump asked his aides to dim the lights in
25:27
Speaker 13: the Oval office and started playing this video on a
25:30
Speaker 13: television that showed clips to back up his claims. And
25:34
Speaker 13: then he started bringing out newspaper clippings reporting deaths and
25:37
Speaker 13: started reading their headlines or civil Ramaposa sat next to him.
25:42
Speaker 13: He said, you're taking people's land away, and in many
25:45
Speaker 13: cases those people are being executed. It was a very
25:48
Speaker 13: awkward moment. It threatened to turn into a Zelenski type
25:52
Speaker 13: meeting in the Oval Office, but Ramaposa remained cool. He
25:56
Speaker 13: tried to steer Donald Trump in a different direction. Although
25:58
Speaker 13: it was extremely awkward this meeting, and I don't think
26:02
Speaker 13: he expected to be ambushed in the way that he was.
26:05
Speaker 2: The plane from Kuta. We got an update on that.
26:09
Speaker 2: We do in the last couple of hours.
26:10
Speaker 13: It's been reported that the US has formally accepted that
26:14
Speaker 13: four hundred million dollar jets and interesting to note that
26:18
Speaker 13: came up in the meeting with Ramaposa as well. He
26:20
Speaker 13: said to Donald Trump, I'm sorry that I don't have
26:22
Speaker 13: a jet to give you, and Donald Trump replied, well,
26:25
Speaker 13: if you did, I would accept it.
26:29
Speaker 2: Goodness me, what a rollercoaster. Thank you merch much. McCann
26:32
Speaker 2: a stateside for US this morning. It's thirteen minutes away
26:34
Speaker 2: from Sex. Ryan by it his budget day. It's no
26:38
Speaker 2: BS debate time. We are going to go to Craig
26:41
Speaker 2: Renny councilor Trade Union's director of Policy Economists, also on
26:44
Speaker 2: Labour's Policy Council, and Simon Bridges, former Associate Finance Minister
26:48
Speaker 2: or Business Chamber of CEO. Good morning, gentlemen, good morning,
26:52
Speaker 2: Good to have you on. Have we got Craig. Oh
26:54
Speaker 2: we haven't got Craig. He's really slept in.
26:57
Speaker 9: Well that makes it, That makes it really easy, right.
26:59
Speaker 2: Yeah, it's a pretty one sided argument. Hey, this talks
27:03
Speaker 2: super First of all, do you think we need to
27:05
Speaker 2: increase the age? Do we need to means test? It
27:07
Speaker 2: sounds like Nichola Willis is going to at least lay
27:09
Speaker 2: out a path maybe today.
27:11
Speaker 9: Yeah, I think I think those changes are good. I mean,
27:13
Speaker 9: I think you know, what you're seeing is Nichola Willison
27:16
Speaker 9: wr colleagues being very focused on the long term. I
27:19
Speaker 9: mean what I would say, though, if that's all they do,
27:21
Speaker 9: you know, infect at one level and a short term
27:23
Speaker 9: you know, you're sucking more money depending on how they
27:26
Speaker 9: structure it out of the economy when actually we need
27:28
Speaker 9: to see things that are that are getting the growth
27:30
Speaker 9: going right now. But look, if that's done, I mean,
27:33
Speaker 9: I think most of you would say, yes, these are
27:35
Speaker 9: sensible long term changes.
27:37
Speaker 2: Is do you think she's doing this and having this
27:39
Speaker 2: conversation now because we'll won the elections next year, but
27:42
Speaker 2: because there is so there is going to be so
27:44
Speaker 2: little in the budget that this could be a better
27:47
Speaker 2: talking point.
27:49
Speaker 9: Yeah. I think you know, you'd say at a high level,
27:51
Speaker 9: what we're seeing from from here as a couple of things,
27:54
Speaker 9: which which are both right. Yeah. I mean, one is
27:56
Speaker 9: this a significant fiscal restraint push after you know we
27:59
Speaker 9: over it, right and so that is a that is
28:01
Speaker 9: a good That is a good thing. I think the
28:03
Speaker 9: other one is some focus on the long term infrastructure
28:05
Speaker 9: and so on. I mean, I would just simply say, though, look,
28:08
Speaker 9: it's really tough out there. The Smith and Kobe's story
28:11
Speaker 9: of the last day, it could be replicated many times,
28:13
Speaker 9: and business is holding on for years. So I agree
28:16
Speaker 9: with all of that. But if that's alone what they're doing,
28:19
Speaker 9: that's not an adequate that's not a sufficient response to
28:22
Speaker 9: where New Zealand's at. It's simply by itself going to
28:25
Speaker 9: prolong the cycle we're in. I think what you know
28:27
Speaker 9: I'll be looking for, actually, possibly, Craig Rennie, I think
28:30
Speaker 9: what business will be looking for is really strong clear
28:34
Speaker 9: evidence of the going for growth agenda that provides light
28:36
Speaker 9: at the end of the time. Now that's the accelerated
28:38
Speaker 9: depreciation stuff we've heard the rumors of. Actually that could
28:41
Speaker 9: be if it was done well, a really big tick
28:44
Speaker 9: for this business.
28:45
Speaker 8: This budget.
28:46
Speaker 9: If it's just auscurity and not not so much.
28:49
Speaker 2: Yeah, I just want to get on the record. I
28:50
Speaker 2: was the first to bring raise that accelerated appreciation with
28:53
Speaker 2: the Minister and the key we saver changes too. But
28:56
Speaker 2: if it could be, because this budget could be because
28:59
Speaker 2: of you, Ro it's actually the bridge budget. If it
29:02
Speaker 2: doesn't happen, of course, then just forget over see that.
29:06
Speaker 9: It could have been the Bridge's budget. But things changed anyway.
29:09
Speaker 2: Hey, what about the key we saver staff. If it
29:13
Speaker 2: is true that they're going to increase the contribution for employee,
29:16
Speaker 2: can employees afford an extra one to two percent?
29:20
Speaker 9: Well, I suppose that's my point. It's a short term,
29:22
Speaker 9: long term game. You earn the short term. My worry
29:26
Speaker 9: would be, you know, actually, right now, they've got to
29:29
Speaker 9: find things that are if you like countercite picle, that
29:32
Speaker 9: are getting things going. You know, there's a lot of
29:34
Speaker 9: talk about the long term, but the short term really
29:37
Speaker 9: matters to you wrote I thought a cracker of a
29:39
Speaker 9: column in the weekend. I'm not just saying that to
29:40
Speaker 9: make you feel good. We've got some of the highest
29:43
Speaker 9: immigration we've ever seen in lowest immigration, right, that's a
29:47
Speaker 9: key indicator about economic health. What can we do now
29:51
Speaker 9: that that turns sentiment around, that gets confidence, and that
29:54
Speaker 9: keeps these people in New Zealand. So, you know, I
29:56
Speaker 9: say it again, I go along with the superannuation stuff
30:00
Speaker 9: as far as it goes. But in the short term,
30:03
Speaker 9: exture cooker could cause issues if they brought it in
30:05
Speaker 9: straight away. I personally doubt that over the long tendo Look,
30:09
Speaker 9: excepting our saving rates need to go up, and there's
30:11
Speaker 9: been quite a bit of chatter about that.
30:13
Speaker 2: Yeah, appreciate your time. Simon. No sign of Craig Simon
30:16
Speaker 2: Bridges Open Business Chamber of CEO, also former Poth Associate
30:19
Speaker 2: Finance Minister. On News Talk SEB it is nine to six.
30:24
Speaker 2: And for those people who are texting and about super
30:26
Speaker 2: I'm not saying rip the rug out from under our
30:29
Speaker 2: superinnuitants right now, or even those who are approaching a
30:34
Speaker 2: retirement age or the age of entitlement, I should call
30:39
Speaker 2: it rather than retirement age, because no one does that
30:41
Speaker 2: at sixty five anymore. I'm just saying that I don't
30:43
Speaker 2: expect to be getting the full hand out by the
30:46
Speaker 2: time and it's a bit of a way to go.
30:48
Speaker 2: I get there, Mike's nearly there. He's with us.
30:52
Speaker 1: Next the first word on the News of the Day
30:56
Speaker 1: early edition with Ryan Bridge and one Room your Property
31:00
Speaker 1: Surgeon Simvil News Talks.
31:03
Speaker 2: Six the six on News Talks said be on your
31:05
Speaker 2: budget day. We've got that big new survey from the
31:07
Speaker 2: Reserve Bank which was out yesterday and the survey says
31:11
Speaker 2: businesses expect inflation to pack up again. Great, and this
31:15
Speaker 2: is across all time periods one year, two year, five year,
31:18
Speaker 2: and ten year and you go, bugger, you know we
31:22
Speaker 2: meant to have an OCR cut next week. Is this
31:23
Speaker 2: going to change the bank's mind? The answers no, But
31:26
Speaker 2: it's it's a pretty big survey. It's more than six
31:28
Speaker 2: hundred businesses. The problem that they the reason they don't like,
31:32
Speaker 2: even though it's just a survey and it's the people's opinion,
31:34
Speaker 2: is that it becomes a self fulfilling prophecy. If you
31:37
Speaker 2: think prices are going to increase in your business, then
31:39
Speaker 2: you start you anticipate that by increasing your prices and
31:43
Speaker 2: the whole thing snowballs. It is six away from six
31:46
Speaker 2: Bryan Bridge, good morning, mate. Morning.
31:49
Speaker 14: To be fair that still those forecasts are still within
31:52
Speaker 14: their band, so it's not the end of the world.
31:54
Speaker 14: Britain had a number out this morning at three point
31:56
Speaker 14: five or three point six, which was way higher than
31:58
Speaker 14: they thought and also out side of their band, so
32:01
Speaker 14: that's their concern. You've been watching Ramafosa unreal. So when
32:05
Speaker 14: I walk into the Oval office, I mean he must
32:07
Speaker 14: have known something was coming, given the white South Africans
32:10
Speaker 14: arrived in the country for the first time in the
32:12
Speaker 14: last week, so he must have known something was coming.
32:13
Speaker 14: But I walk into the Oval office and I see
32:15
Speaker 14: a screen look out and I go, I wonder if
32:18
Speaker 14: that screen is normally there? And then Trump goes, can
32:20
Speaker 14: you turn the lights down? And I'm thinking, he loves
32:23
Speaker 14: a He's good. The prop so basically a tax. And
32:26
Speaker 14: we had Mitch mccannon about this just beare no I
32:29
Speaker 14: heard it. But the question is is it having watched it,
32:32
Speaker 14: is it worse than Zelensky? Or I think it's worse
32:36
Speaker 14: than Zelensky because Zolensky went went rogue whereas this was
32:40
Speaker 14: a setup. This was an ambush, a deliberate ambush.
32:43
Speaker 2: Well, this Zolensky situation was of more consequence.
32:47
Speaker 14: It wasn't consequence by default because Zolensky's in a war.
32:50
Speaker 14: Where's ramaphosis not But just in terms of you've come here,
32:54
Speaker 14: I'm going to do you over.
32:56
Speaker 2: Well, what it says is, hey, there's a pattern of
32:58
Speaker 2: behavior now like luxon, do not go near.
33:02
Speaker 14: I wouldn't touch the old and he had Ernie hells.
33:05
Speaker 14: He had them all, he had them lined up, so
33:06
Speaker 14: it wasn't like he hadn't thought about it.
33:08
Speaker 2: Anyway.
33:09
Speaker 14: This morning, the budget will talk about that what to expect,
33:12
Speaker 14: what not to expect and expectations and Steven Joyce, have
33:14
Speaker 14: you seen the numbers around our run primary sector?
33:17
Speaker 2: Yes, just like holding us up.
33:19
Speaker 14: I thank the good Lord. It's all on the back
33:21
Speaker 14: a nice summer, Zsprey. I don't think people understand Zesprey.
33:26
Speaker 14: Not long ago, this last year, they were going, we
33:29
Speaker 14: might crack four billion, And you think, is that good?
33:32
Speaker 9: Yes?
33:32
Speaker 14: It as you compare it to say, grapes and wine.
33:34
Speaker 14: Wine's two billion, and we talk a lot about grapes
33:36
Speaker 14: in the wine industry, that's two. Zesbury's four just gone
33:39
Speaker 14: through five.
33:41
Speaker 9: Just like that.
33:41
Speaker 14: You know, suddenly you're selling one hundred and sixty million trays.
33:44
Speaker 14: Now it's two hundred and twenty million.
33:45
Speaker 2: Trades, milk powder alone, milki alone.
33:48
Speaker 14: It's just beridable what they're doing for this country. And
33:51
Speaker 14: just imagine that wasn't happening well, and how much trouble
33:54
Speaker 14: would we be. We're all riding on the backs of
33:57
Speaker 14: riding on the backs of the primary sector.
33:59
Speaker 2: Have a great budge today, everybody, see you tomorrow. Mike
34:02
Speaker 2: is here with you next again for a new person
34:07
Speaker 2: On over again.
34:13
Speaker 1: For more from early edition with Ryan Bridge. Listen live
34:16
Speaker 1: to news talks. It'd be from five am weekdays, or
34:19
Speaker 1: follow the podcast on iHeartRadio