Latest / Early Edition with Ryan Bridge / Full Show Podcast: 15 August 2024

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Full Show Podcast: 15 August 2024 · Early Edition with Ryan Bridge

• 0:01
  Speaker 1: The issue, the interviews and the inside Ryan Bridge new
• 0:08
  Speaker 1: for twenty twenty four on the early edition with Smith City,
• 0:12
  Speaker 1: New Zealand's furniture beds and a play at store us Dogs.
• 0:15
  Speaker 2: It'd be good morning.
• 0:16
  Speaker 3: It is six after five. Great to have your company.
• 0:18
  Speaker 3: I'm a little starstruck. Wendy Petree is here. She's going
• 0:22
  Speaker 3: to be with us to staffter five thirty. Nikola Willis
• 0:25
  Speaker 3: is on the show just before six on the ocr
• 0:28
  Speaker 3: does she trust the Reserve Bank? Mitch mccannon out of
• 0:30
  Speaker 3: the US Carmela's surge continues there and before five point thirty.
• 0:34
  Speaker 2: Is your insulation safe? Plus an update on those meth lollies?
• 0:39
  Speaker 2: Six after five.
• 0:41
  Speaker 4: The agenda.
• 0:42
  Speaker 3: First day of fifteenth of August, Ukraine's President Vladimir Zelenski
• 0:46
  Speaker 3: says its front line has moved one to two kilometers
• 0:50
  Speaker 3: further into Russia's Curse region in the second week of
• 0:53
  Speaker 3: its operation. He says more than one hundred Russian troops
• 0:56
  Speaker 3: have been captured in just the past few days. A
• 0:58
  Speaker 3: state of emergency has now been declared in the neighboring
• 1:02
  Speaker 3: Belgorod region, which Russian officials say has been the target
• 1:05
  Speaker 3: of drone attacks to the United States. I promised you
• 1:09
  Speaker 3: this yesterday. The inflation data, as promised, the USCPI has
• 1:14
  Speaker 3: dropped to its lowest post pandemic level. It's now sitting
• 1:17
  Speaker 3: at two point nine percent, down from three percent in June.
• 1:20
  Speaker 3: It's a good sign.
• 1:21
  Speaker 2: We're not getting defleshing.
• 1:23
  Speaker 3: Things aren't necessarily getting cheaper, but we're getting a smaller
• 1:26
  Speaker 3: and smaller praise increase every month.
• 1:27
  Speaker 2: And some things are actually a little.
• 1:30
  Speaker 5: Bit less expensive anywhere a few years ago, but not
• 1:32
  Speaker 5: things like car insurance and ret and electricity.
• 1:35
  Speaker 3: Inflation peaked at nine percent in June twenty twenty one.
• 1:38
  Speaker 3: And remember the retail sales data which should be outlated
• 1:41
  Speaker 3: today tonight. The government's announced back home the cap on
• 1:45
  Speaker 3: seasonal workers will increase to twenty thy seven hundred and
• 1:48
  Speaker 3: fifty and the pause on accommodation cost increases will be lift.
• 1:52
  Speaker 3: But this is good news for the RC workers and
• 1:54
  Speaker 3: for the employers. Workers will have more flexibility to be
• 1:57
  Speaker 3: able to move between regions and employers, their visas will
• 2:00
  Speaker 3: become multi entry during a season, and they'll be able
• 2:04
  Speaker 3: to do job training outside of their role. Horticulture and
• 2:07
  Speaker 3: Z Chief Executive Nadine Tunneling.
• 2:09
  Speaker 6: There's a bittern it for everybody. And what I mean
• 2:11
  Speaker 6: by that is both growers in Suffolk workers as well.
• 2:15
  Speaker 6: So that's positive to this.
• 2:16
  Speaker 4: One on your radio and online on iHeartRadio Early edition
• 2:21
  Speaker 4: with Ryan Bridge and Smith City New Zealand's Furniture Beds
• 2:25
  Speaker 4: and a playing store News Talk z'd be.
• 2:27
  Speaker 2: It's eight half the five. Great to be here this morning.
• 2:30
  Speaker 3: I am excited that the OCR finally is coming down
• 2:33
  Speaker 3: twenty five basis point drop yay. And I don't know
• 2:37
  Speaker 3: if I'm just you know, reading into things here, but
• 2:40
  Speaker 3: I checked trade me every single day that I checked
• 2:43
  Speaker 3: the houses in the area in which I live to
• 2:46
  Speaker 3: see what's listed. It's just one of those obsessive things
• 2:49
  Speaker 3: that I do. And last night there were five houses
• 2:52
  Speaker 3: put on the market, and I've seen maybe at best
• 2:56
  Speaker 3: one every two days in the last three while. So
• 3:00
  Speaker 3: I reckon they were just holding out for Adrian or
• 3:03
  Speaker 3: to loosen the purse strings a little bit. Brad Olsen
• 3:07
  Speaker 3: reckons we can't trust them. Can't trust the Reserve Bank.
• 3:10
  Speaker 3: Why because in May they said they even discussed and
• 3:15
  Speaker 3: announced that they had discussed the prospect of increasing the OCR.
• 3:19
  Speaker 3: This is just three months ago. And they also said
• 3:22
  Speaker 3: at the time that there were no cuts to the
• 3:24
  Speaker 3: ocr needed till next year, and so brad Olsen saying, well,
• 3:26
  Speaker 3: how can you how can you get it so wrong?
• 3:29
  Speaker 3: So recently Adrian All was saying this darkest dawn line.
• 3:33
  Speaker 7: It's darkest before dawn. I'm suggesting it. We're basically in
• 3:37
  Speaker 7: dawn at the moment.
• 3:38
  Speaker 3: So in May it was we potentially have to increase rates,
• 3:43
  Speaker 3: and now it's we're cutting. That is the space of
• 3:48
  Speaker 3: three months, and he's starting to cut like Edwards's hands,
• 3:51
  Speaker 3: isn't he? It was interesting he was asked about this
• 3:54
  Speaker 3: in the press of Yest that they have a listen.
• 3:56
  Speaker 8: And just rewinding back to May, you was the Reserve
• 3:59
  Speaker 8: Bank wrong or bluffing or a bit of both.
• 4:03
  Speaker 7: We went buffing, bluffing, buffing. The forecast were well buffed
• 4:08
  Speaker 7: and but not bluffed where you know, we always put
• 4:12
  Speaker 7: out our best foot forward for where we see the
• 4:17
  Speaker 7: rates going.
• 4:19
  Speaker 3: Hmmm, what is Nichola Willis think of that she's on
• 4:21
  Speaker 3: the show just before sex Will ask her does she
• 4:23
  Speaker 3: trust Adriane or does she trust the Reserve Bank and
• 4:27
  Speaker 3: it's forecasts and its interest rate track? Personally, I don't
• 4:32
  Speaker 3: really care. I'm just happy that you know that they're
• 4:35
  Speaker 3: finally going in what is the right direction. But it does,
• 4:40
  Speaker 3: it does make you wonder, doesn't it.
• 4:41
  Speaker 2: It does.
• 4:41
  Speaker 3: There are definitely questions that need to be asked around that,
• 4:45
  Speaker 3: and it's it's by the way, Nicola that appoints the
• 4:49
  Speaker 3: well she the last minister appointed Adriane or that she
• 4:52
  Speaker 3: could you know, she could see you later. And she
• 4:57
  Speaker 3: appoints part of the Monetar Policy Committee that actually decides
• 5:03
  Speaker 3: on what the OCR will be. So she actually appointed
• 5:06
  Speaker 3: three people to this committee which made the decision. Lots
• 5:11
  Speaker 3: more to come on the show this morning eleven after five.
• 5:13
  Speaker 3: We're doing insulation next. Also Chris Luxon's in Australia today
• 5:18
  Speaker 3: and Sydney today and Canberra tomorrow.
• 5:20
  Speaker 2: I'll tell you why.
• 5:22
  Speaker 4: Ryan Bridge, new for twenty twenty four on early edition
• 5:26
  Speaker 4: with Smith City, New Zealand's Furniture, Beds and a playing store.
• 5:29
  Speaker 2: News Talk zed B, we'd love.
• 5:31
  Speaker 3: To know how you're feeling this morning about the OCR
• 5:33
  Speaker 3: announcement yesterday thirteen after five on News Talk, said B.
• 5:36
  Speaker 3: Text me on nine to nine two. Graham's done that
• 5:40
  Speaker 3: just that, Hi, Ryan, do you know what the interest
• 5:42
  Speaker 3: rate drop means?
• 5:42
  Speaker 2: Say?
• 5:43
  Speaker 3: Per one hundred k on mortgages. Haven't heard anything referencing this, Graham.
• 5:47
  Speaker 3: My short answer is no, I don't, Sorry, but the
• 5:51
  Speaker 3: retail banks are dropping their rates asb has cut its
• 5:55
  Speaker 3: fixed home lending rates between ten and thirty four basis points.
• 6:00
  Speaker 3: One and two year home loan rates fail six point
• 6:03
  Speaker 3: five nine percent and two rather six point five nine
• 6:07
  Speaker 3: percent and five point nine to nine percent, respectively. In
• 6:09
  Speaker 3: terms of what it means for you know, per hundred
• 6:12
  Speaker 3: cave mortgage. To be honest, I haven't done the maths, Graham.
• 6:16
  Speaker 3: Perhaps we can get Leo onto that before the end
• 6:18
  Speaker 3: of the show. Just going fourteen after five. Now, speaking
• 6:22
  Speaker 3: of homes, spray foam insulation is commonly used to retrofit
• 6:27
  Speaker 3: uninsulated homes, but could it prevent you from selling your house?
• 6:31
  Speaker 3: The way the foam is installed and how much ventilation
• 6:34
  Speaker 3: it has could cause damage to roofing timber, especially in
• 6:38
  Speaker 3: colder climates like ours. A couple in the UK recently
• 6:41
  Speaker 3: were unable to sell after installing the insulation. They had
• 6:44
  Speaker 3: problems with the banks with the insurers who didn't like
• 6:47
  Speaker 3: the foam. In New Zealand, installers have to produce a
• 6:50
  Speaker 3: statement saying the work complies with the building code, but
• 6:53
  Speaker 3: the work doesn't have to be inspected. Damien McGill is
• 6:57
  Speaker 3: the Healthy Healthy Home cooperation the rec journeys with me
• 7:00
  Speaker 3: this morning.
• 7:01
  Speaker 2: Hey Damien.
• 7:03
  Speaker 9: Cure Ryan, how are you?
• 7:04
  Speaker 2: Yeah?
• 7:04
  Speaker 6: Good?
• 7:04
  Speaker 2: Thanks, thanks for coming on the show. Is what are
• 7:07
  Speaker 2: the rates?
• 7:08
  Speaker 9: Firstly, I'd like to say that I wasn't actually interviewed
• 7:12
  Speaker 9: by Colleen Hawks for that article. And secondly, there's nothing
• 7:17
  Speaker 9: wrong with the spray home per se. It has one
• 7:20
  Speaker 9: of the best insulation ratings of any product on the market.
• 7:24
  Speaker 9: It can be a great product when used correctly. The
• 7:28
  Speaker 9: issue is how it's used and how it's being.
• 7:31
  Speaker 3: Applied and how is it being used in New Zealand
• 7:35
  Speaker 3: is it Do you have any concerns about it about
• 7:38
  Speaker 3: the way it's regulated.
• 7:40
  Speaker 9: Well, so you just mentioned that the regulatory context is
• 7:46
  Speaker 9: now that should you want of the building now exempts
• 7:49
  Speaker 9: under floor and roof insulation retrofits for a building consent,
• 7:53
  Speaker 9: But you need to retrofit insulation into a wall cavity
• 7:57
  Speaker 9: and that needs a building consent. The problem is that
• 8:04
  Speaker 9: when you add rich fit war insulation, it may affect
• 8:08
  Speaker 9: moisture transfer inside walls and change drying rates. Which in
• 8:14
  Speaker 9: turn may cause moisture to accumulate in the walls and
• 8:17
  Speaker 9: affect the durability of timber framing and cladding. This is
• 8:20
  Speaker 9: directly from NBI's website. In my opinion that a statement
• 8:24
  Speaker 9: applies equally to roofs too, which is my comment in
• 8:29
  Speaker 9: the article about Newton's third law emotion. You know the house,
• 8:34
  Speaker 9: it is a whole system. So if you improve the insulation,
• 8:38
  Speaker 9: you must also improve the ventilation. When you improve the
• 8:41
  Speaker 9: insulation and ventilation, you can improve your tightness and look
• 8:44
  Speaker 9: out for thermal bridging. And by the time you had
• 8:48
  Speaker 9: some windows that you have the five passive house.
• 8:50
  Speaker 3: Principles right, So that standard currently covers walls, but not
• 8:55
  Speaker 3: roofs roofs rather, is that what you're saying, there.
• 8:59
  Speaker 9: Must have been a relaxation recently to exempt underfloor and
• 9:06
  Speaker 9: roof insulations from a building decent So it doesn't necessary.
• 9:10
  Speaker 9: It doesn't just apply to spray fame. It applies to
• 9:13
  Speaker 9: all insulation additions. Give you a couple of examples. Recently,
• 9:20
  Speaker 9: I have upgraded my rental properties by adding an extra
• 9:24
  Speaker 9: one hundred and eighty meters of wall insulation in the ceilings.
• 9:29
  Speaker 9: Because of this, I've also upgraded the ventilation too, Otherwise
• 9:34
  Speaker 9: I would I was concidned I'd have significant wasture issues
• 9:38
  Speaker 9: in the ceiling cavity. For what happens.
• 9:42
  Speaker 3: For your for our listeners, if you have had this
• 9:47
  Speaker 3: work done by a registered professional, should we you know,
• 9:52
  Speaker 3: we should have nothing to worry about. I mean they
• 9:54
  Speaker 3: should be looking at the ventilation. If they're doing the
• 9:56
  Speaker 3: insulation too, right, they.
• 9:58
  Speaker 9: Won't be looking at the ventilation. It won't be they won't.
• 10:02
  Speaker 9: They won't be. So that's that's that's where the issues.
• 10:08
  Speaker 9: So in the UK, a couple of things have been happening.
• 10:13
  Speaker 9: One that have been spraying directly to the underside of
• 10:16
  Speaker 9: concrete tiles, which I guess we have you know the
• 10:19
  Speaker 9: state that the brick and tile fifties houses that are
• 10:21
  Speaker 9: a similar type of construction. But if the roof is
• 10:27
  Speaker 9: leaky then there's nowhere for that. So basically you're going
• 10:31
  Speaker 9: to fill up a gap underneath the tiles or in
• 10:34
  Speaker 9: the roof space at farm probably seventy five one hundred
• 10:39
  Speaker 9: miles of phone and then you're going to seal that
• 10:43
  Speaker 9: up so any moisture gets in there doesn't it's not
• 10:47
  Speaker 9: able to dry out.
• 10:48
  Speaker 3: Understand yeah, I'm saying, yeah, Yeah, I understand what you're saying. Damn,
• 10:52
  Speaker 3: I'm and I'm I appreciate you you running us through
• 10:56
  Speaker 3: exactly how it works. Yeah, as you say, it's not foam.
• 11:03
  Speaker 3: This is not a foam as bad story, but it's
• 11:06
  Speaker 3: a cautionarytail. I suppose if you are insulating to think
• 11:09
  Speaker 3: about ventilation as well. Damien, really appreciate you coming on
• 11:12
  Speaker 3: the program. Jamien McGill, Healthy Home Cooperation Director nineteen up
• 11:16
  Speaker 3: to five.
• 11:17
  Speaker 4: The news you need this morning and the in depth
• 11:19
  Speaker 4: analysis early edition with Ryan Bridge and Smith City, New
• 11:24
  Speaker 4: Zealand's furniture Beds had a playing store news Talk, said B.
• 11:27
  Speaker 3: Twenty one after five, Nicola willis with us. Just before six.
• 11:30
  Speaker 3: Good morning, you're on news Talk, said B. Graham messaged
• 11:33
  Speaker 3: the show just a few minutes ago asking what the
• 11:35
  Speaker 3: interest the OCR cut might mean for retail interest rates
• 11:40
  Speaker 3: and what it might mean, say, per one hundred k
• 11:42
  Speaker 3: in mortgage repayments. A sorry, loans, this is from David.
• 11:49
  Speaker 3: David says, Hi, Ryan, if you're currently paying eight percent
• 11:52
  Speaker 3: and it drops by twenty five basis points, then on
• 11:54
  Speaker 3: every hundred thousand dollars, your interest drops by two hundred
• 11:57
  Speaker 3: and fifty per annum, or four dollars eight per week.
• 12:02
  Speaker 2: Another here says.
• 12:03
  Speaker 3: Ryan, twenty five percent or twenty five basis points, slightly
• 12:06
  Speaker 3: under five dollars a week per one hundred thousand dollars
• 12:09
  Speaker 3: in loans. Twenty two after five now, and we're moving
• 12:12
  Speaker 3: on to the story that's making headlines around the world
• 12:15
  Speaker 3: for all the wrong reasons. Police investigating up to four
• 12:20
  Speaker 3: hundred people are being urgently contacted after lollies containing potentially
• 12:25
  Speaker 3: lethal doses of methan fhetamine were sent out in food
• 12:27
  Speaker 3: parcels by the Auckland City Mission. It is an absolute
• 12:30
  Speaker 3: nightmare for them. Glenn Dobson's with the Drug Detection Agency,
• 12:34
  Speaker 3: He's the CEO. They do workplace drug testing. Glenn, Good morning, Yeah,
• 12:38
  Speaker 3: good morning, Ryan. This is this is really worrying. Have
• 12:43
  Speaker 3: you ever seen anything like this before, methan lollies.
• 12:48
  Speaker 10: Yeah, look at us worrying. A lot of the criminal
• 12:51
  Speaker 10: gangs that smuggled drugs will used different techniques to try
• 12:53
  Speaker 10: and get mess across the border. But it's often suspended
• 12:56
  Speaker 10: in liquids and it can often be in pill form
• 12:59
  Speaker 10: as well, just as lollies. It's not unknown, but it's
• 13:03
  Speaker 10: not overly common.
• 13:05
  Speaker 2: It's just the tip.
• 13:06
  Speaker 3: Could that be the tip of the iceberg? Given how
• 13:08
  Speaker 3: much myth is being imported. I looked up it's about
• 13:11
  Speaker 3: almost two tons in twenty twenty two of meth that
• 13:15
  Speaker 3: was caught coming into New Zealand. And then you think
• 13:17
  Speaker 3: about that, it'd be a fraction of what's what's actually
• 13:19
  Speaker 3: coming in and it's obviously coming in all different forms.
• 13:23
  Speaker 10: Yeah, and that's through a challenge of the authorities. I
• 13:25
  Speaker 10: guess is they know what they're catching, they don't know
• 13:28
  Speaker 10: what they're not getting. They don't know what's getting across
• 13:30
  Speaker 10: the border and not being detected. If the iceburg, potentially
• 13:33
  Speaker 10: it is. You know, we often attend intentional conferences around
• 13:37
  Speaker 10: drugs and drugs smuggling in the States. Now they're starting
• 13:40
  Speaker 10: to see more what they call meth conversion labs, or
• 13:44
  Speaker 10: converting meth from liquid or solid form back into its
• 13:48
  Speaker 10: original form. See more of those labs than they actually
• 13:51
  Speaker 10: making or cooking labs these days.
• 13:54
  Speaker 3: Because that we used to have meth labs didn't when
• 13:56
  Speaker 3: you'd hear about them blowing up and stuff and then
• 13:59
  Speaker 3: be ray, you don't hear so much about them anymore.
• 14:02
  Speaker 3: So they conversion labs. That sounds frightening.
• 14:07
  Speaker 10: Yes, yeah, I look the conversion labs really there are
• 14:10
  Speaker 10: to get the lab from its form of it's suspended
• 14:12
  Speaker 10: in liquid or if it's an appeal form, back to
• 14:15
  Speaker 10: a usual mess that they can then sell on the streets.
• 14:18
  Speaker 10: And they use that through different are using different efforts
• 14:21
  Speaker 10: and chemical techniques to be able to get the mess
• 14:24
  Speaker 10: back to its normal form.
• 14:26
  Speaker 2: Where does it come from?
• 14:29
  Speaker 10: Internationally? It comes from all over the place. Mexico is
• 14:31
  Speaker 10: a big supply of metha and fetterming. Also, it comes
• 14:35
  Speaker 10: from North America through Mexico, China and anywhere where a
• 14:40
  Speaker 10: lad can be created at a large scale to make
• 14:43
  Speaker 10: the mess. It will certainly make its way to New
• 14:45
  Speaker 10: Zealand because we as a country, we like meth and
• 14:47
  Speaker 10: we pay a decent amount for it on the global market.
• 14:50
  Speaker 2: Yeah, absolutely we do. Glenn.
• 14:52
  Speaker 3: Thanks so much for your time. Glenn Dobson with the
• 14:54
  Speaker 3: Drug Detection Agency. It is twenty five after five. Nicola
• 14:58
  Speaker 3: willis coming to before six and Mitch McCann out of
• 15:01
  Speaker 3: the US as well the early edition.
• 15:04
  Speaker 4: Full show podcast on iHeartRadio powered by.
• 15:07
  Speaker 3: Newstalks at B twenty seven after five News Talks, said
• 15:11
  Speaker 3: b You've got to ask yourself who's running the show.
• 15:14
  Speaker 3: Another example of bureaucracy seemingly undermining the government on its
• 15:20
  Speaker 3: cost cutting plan, which remember from the start, from the outset,
• 15:23
  Speaker 3: they said, no frontline job's going latest thing. You've got
• 15:27
  Speaker 3: a Health New Zealand manager who did a PowerPoint to
• 15:30
  Speaker 3: ninety staff about upcoming changes. They indicated that jobs could
• 15:34
  Speaker 3: be cut, including get this, four hundred and seventy doctors
• 15:38
  Speaker 3: and fourteen hundred nurses. What who on earth thought that
• 15:43
  Speaker 3: was okay? Did they do it on purpose? Is it
• 15:45
  Speaker 3: a middle finger to the government and to the commissioner
• 15:48
  Speaker 3: Lesta Levy? The truth is we don't really know at
• 15:50
  Speaker 3: this point, Levy says, and he's quoted a newsroom is saying,
• 15:54
  Speaker 3: is this reluctance, is.
• 15:56
  Speaker 2: This resistance or is this sabotage? Fair question?
• 16:02
  Speaker 3: He's promising consequences. It's totally unacceptable, but it's not an
• 16:06
  Speaker 3: isolated incident. Auditing Atamadiki is another agency cutting funding left
• 16:10
  Speaker 3: right and center to services. I think many keywis would
• 16:13
  Speaker 3: consider front line like counseling. The stories get in the
• 16:16
  Speaker 3: press and then there's a back down, and we've had
• 16:19
  Speaker 3: public service leaking against the government loads of examples, at
• 16:24
  Speaker 3: least six major leaks that I could recall. There was
• 16:28
  Speaker 3: that Cabinet paper on the Foreign Housing investors, the Treaty
• 16:31
  Speaker 3: Principles Bill, stuff that has been leaked. You can't know
• 16:35
  Speaker 3: for sure the motivations in each case, but it doesn't
• 16:38
  Speaker 3: take a rocket scientist to work out that there is
• 16:41
  Speaker 3: huge resistance to the Coalition government's agenda within parts of
• 16:46
  Speaker 3: pockets of the bureaucracy. They need reining in. The examples
• 16:51
  Speaker 3: here need to be set, I think. And if the
• 16:53
  Speaker 3: message falls on deafes, well maybe they need to be
• 16:57
  Speaker 3: marched out the door.
• 17:00
  Speaker 2: Twenty minutes after five.
• 17:02
  Speaker 3: So the whole darkest before the dawn thing everybody's getting well?
• 17:06
  Speaker 3: Is everybody getting a bit excited about that interest rates
• 17:10
  Speaker 3: coming down? The banks are playing ball kiwibank as but
• 17:15
  Speaker 3: actually most of them now are starting to drop their rates.
• 17:19
  Speaker 3: But is there a question about trust in the Reserve Bank.
• 17:22
  Speaker 3: We're going to ask Nichola Willis about that later on.
• 17:25
  Speaker 3: Luxon is over in Australia today. He's starting in Sydney, Sydney,
• 17:30
  Speaker 3: he's doing business and infrastructure there. Tomorrow he's in Canberra.
• 17:34
  Speaker 3: Big questions about whether we will continue with our deal
• 17:37
  Speaker 3: with Australia to resettle refugees. A Deern struck the deal
• 17:42
  Speaker 3: for four hundred and fifty people. We're barely filling the quota,
• 17:44
  Speaker 3: so it sounds like that is on the way out
• 17:47
  Speaker 3: back in a second.
• 17:51
  Speaker 4: The first word on the News of the Day early
• 17:54
  Speaker 4: edition with Ryan Bridge and Smith City New Zealand's Furniture
• 17:58
  Speaker 4: Beds and a play at Store US Talk Sidy.
• 18:12
  Speaker 3: Good morning, it is twenty four away from six. You're
• 18:15
  Speaker 3: on News Talks, he'd be. I'm Ryan Bridge. Nicola Willis
• 18:17
  Speaker 3: is here just before six this morning on the OCR
• 18:21
  Speaker 3: also Lester Levy and Health New Zealand's this proposal to
• 18:26
  Speaker 3: cut doctors and nurses. I mean, come on, it's got
• 18:32
  Speaker 3: to be in subordination, doesn't it.
• 18:35
  Speaker 2: The Clive says Ryan.
• 18:37
  Speaker 3: The leaders and heads of departments who blatantly go against
• 18:40
  Speaker 3: the government need to be fired. And that goes for
• 18:42
  Speaker 3: traitors leaking documents. Yeah, I agree with you, Clive. I
• 18:46
  Speaker 3: just I was thinking you can't fire everyone. Maybe you
• 18:50
  Speaker 3: need to try and take the public service along with you.
• 18:53
  Speaker 3: But then, on the other hand, when you know when
• 18:54
  Speaker 3: the boss says jump, you say how high?
• 18:57
  Speaker 2: Don't you.
• 18:57
  Speaker 3: That's how it works. Twenty three minut it's away from
• 19:00
  Speaker 3: six now very quickly. This interesting one from Gavin and
• 19:03
  Speaker 3: can to breed. Good morning Gavin, Ryan, It's more correctly
• 19:06
  Speaker 3: coldest before the dawn, not darkest before the dawn. Thermal
• 19:11
  Speaker 3: convection lags, light does not lag. Gavin has got me
• 19:16
  Speaker 3: questioning is it darkest before the dawn? Science with Gavin? Right,
• 19:22
  Speaker 3: let's go to our reporters columns with us first column
• 19:27
  Speaker 3: and toned and good morning morning.
• 19:29
  Speaker 2: Right, it's pretty dark here at the moment.
• 19:31
  Speaker 3: I can confirm it's gonna ask you is it darkest
• 19:34
  Speaker 3: before the dawn? I feel like it's as dark at
• 19:36
  Speaker 3: two am as it is at four am.
• 19:39
  Speaker 2: That's what Bob did and things about, so I believe him.
• 19:43
  Speaker 3: Hey you tell us about the changes to Southland's local
• 19:45
  Speaker 3: government structure.
• 19:47
  Speaker 7: Yeah.
• 19:47
  Speaker 2: Look, this is being proposed by Mayor Rob Scott.
• 19:50
  Speaker 11: He's putting forward this proposal to create two unitary authorities
• 19:54
  Speaker 11: in the districts rather than the present four councils that exist.
• 19:58
  Speaker 11: Preliminary estimate s ten million dollars a year could be
• 20:02
  Speaker 11: saved by the merge of Scott's's one unitary authority would
• 20:06
  Speaker 11: be district based, the other urban based, including in the
• 20:09
  Speaker 11: Cargo City Council. He says, Look, this model's already in
• 20:11
  Speaker 11: place for Nelson and Tasman and so they will look
• 20:14
  Speaker 11: at what's working there to future proof the proposal. They'll
• 20:18
  Speaker 11: discuss this at a meeting on August twenty sixth.
• 20:21
  Speaker 2: How's the weather today, high.
• 20:23
  Speaker 11: Cloud increases through the day, few spots of evening rain
• 20:26
  Speaker 11: and sixteen.
• 20:27
  Speaker 2: The high brilliant.
• 20:28
  Speaker 3: Thanks Calem Claire Shrewers in christ Church, Claire, good morning.
• 20:31
  Speaker 3: The World Buskers Festival begging for a future.
• 20:34
  Speaker 12: Well it's looking pretty secure here. They've got a new
• 20:37
  Speaker 12: delivery partner who Ha Productions, confirming the festival will be
• 20:41
  Speaker 12: in christ Church for at least three more years. That
• 20:43
  Speaker 12: starts on January twenty four. Christchurch and Zed's head of
• 20:46
  Speaker 12: Major Events, Karina Finney, very excited about it. She says
• 20:49
  Speaker 12: the festival delivers both social and economic value to our city.
• 20:53
  Speaker 12: She says, for example, last year they made six hundred
• 20:56
  Speaker 12: thousand of a four hundred thousand dollars investment. She says,
• 20:59
  Speaker 12: the fest of all has a long standing history and
• 21:01
  Speaker 12: a great legacy in Auto Tahi and it's about celebrating
• 21:04
  Speaker 12: arts and cultural diversity over economic generation.
• 21:08
  Speaker 2: How's the weather clear?
• 21:10
  Speaker 12: Pretty fine here, although very foggy and dark as well.
• 21:13
  Speaker 12: The high today is seventeen brilliant.
• 21:15
  Speaker 2: Thank you Max Toles and Wellington. Max. Good morning.
• 21:18
  Speaker 3: You've got an idea some samples of the menus for
• 21:21
  Speaker 3: the school lunch program.
• 21:23
  Speaker 2: Yeah, that's right.
• 21:24
  Speaker 13: Our reporter here, Azaria Howell, has unearthed the first list
• 21:28
  Speaker 13: of lunch options recipes for these newer, cheaper, more efficient
• 21:33
  Speaker 13: school lunch program under Associate Education Minister David Seymour. He's
• 21:37
  Speaker 13: trying to save more than one hundred million dollars a year.
• 21:39
  Speaker 13: Nutritious food they want to eat, says Seymour, not wok
• 21:42
  Speaker 13: options like Quinawa or Hummus. So you've got these nine
• 21:45
  Speaker 13: new options in the Ministry of Education's information pack for
• 21:49
  Speaker 13: businesses interested in registering to be a provider, and they
• 21:52
  Speaker 13: are headed vegetable but a chicken, chicken burger, creamy chicken
• 21:56
  Speaker 13: pasta bake, veggie, loaded mac and cheese, Mexican rice and
• 21:59
  Speaker 13: bean burrito's, savory mints and roasted seasonal vegetables, tariarchy, chicken taie,
• 22:04
  Speaker 13: chicken curry and chicken or tuna sandwich. Not sure if
• 22:09
  Speaker 13: you'd consider any of those woke, but a nice mix
• 22:11
  Speaker 13: of options there. The Education Ministry expects to create a
• 22:15
  Speaker 13: larger library of recipes that will be updated each term.
• 22:19
  Speaker 2: Doesn't sound too bad to me.
• 22:20
  Speaker 3: Although it doesn't matter how hard you try to hide
• 22:23
  Speaker 3: the veges in the butter chicken, you can still you
• 22:25
  Speaker 3: still know their veges, right, yr.
• 22:27
  Speaker 13: Kids know when there are vegetables in the butter tree.
• 22:30
  Speaker 2: How's the weather.
• 22:30
  Speaker 13: Max cloudy period, strong NORTHERLIESA I have thirteenth central.
• 22:34
  Speaker 3: Brilliant, thank you, and in nineteen to six windy pittries here,
• 22:37
  Speaker 3: good morning, morning, lovely to.
• 22:39
  Speaker 8: Meet you, you lovely to be here.
• 22:41
  Speaker 3: Tell me what's going on with the senior academic warnings
• 22:45
  Speaker 3: at Auckland Uni.
• 22:46
  Speaker 8: Yeah, well, the proposed cutting of courses at Auckland University
• 22:49
  Speaker 8: is sparking an outcry from its senior academics. The institution
• 22:53
  Speaker 8: is calling the shake up normal practice and says a
• 22:55
  Speaker 8: range of programs will still be offered, but it's understood.
• 22:58
  Speaker 8: The university hopes to reorganize their course offerings to make
• 23:01
  Speaker 8: savings by merging programs. A letter to Vice Chancellor Dawn Freshwater,
• 23:05
  Speaker 8: signed by more than two hundred staff says it could
• 23:08
  Speaker 8: mean significant implications for their research and teaching, and the
• 23:11
  Speaker 8: staff worry it could mean redundancies to a rescue, losing
• 23:14
  Speaker 8: the university's core expertise.
• 23:16
  Speaker 3: Goodness me, all right, we'll walk. Keep an eye on
• 23:18
  Speaker 3: that one house. The weather today, Well it's been nice,
• 23:21
  Speaker 3: hasn't it. It's been lovely yesterday beautiful, it's true, walk
• 23:25
  Speaker 3: and everything same.
• 23:27
  Speaker 8: I went for a run. Oh it was just amazing. Anyway,
• 23:30
  Speaker 8: Today a bit of more of a mixed bag, a
• 23:31
  Speaker 8: fine day, a few clouds around as well, the chance
• 23:34
  Speaker 8: of a shower at midday, westerlies and high fifteen degrees.
• 23:37
  Speaker 2: Brilliant, Thank you, Wendy. Do you like a man with
• 23:41
  Speaker 2: a beard?
• 23:42
  Speaker 8: Well, I like your beard, I mean like.
• 23:45
  Speaker 3: A loaded question. But have you seen the photo of
• 23:48
  Speaker 3: Prince William? No, he's grown a beard.
• 23:52
  Speaker 2: He has, he has.
• 23:53
  Speaker 3: It's causing quite not controversy. But he looks quite good,
• 23:57
  Speaker 3: does he? Because he's all tanned summer over there?
• 24:00
  Speaker 8: He looks very relaxed, styling, isn't he? Where's the nice suits?
• 24:05
  Speaker 2: He does?
• 24:06
  Speaker 8: And she is certainly styling, so maybe it's a go.
• 24:09
  Speaker 8: She's they're copying you obviously.
• 24:11
  Speaker 2: Obviously the trendsetter.
• 24:12
  Speaker 3: Wendy lovely to meet you and thank you for coming in,
• 24:14
  Speaker 3: and we're going to talk more about that bed later on. Actually, ladies,
• 24:18
  Speaker 3: if you're listening, do you like a man with a bed?
• 24:21
  Speaker 3: Does it make them more attractive? Someone most told me
• 24:23
  Speaker 3: it sort of covers twenty five percent of your face.
• 24:25
  Speaker 3: So if you're ugly, grow a beard.
• 24:30
  Speaker 4: International correspondence with Ends and Eye Insurance Peace of mind
• 24:34
  Speaker 4: for New Zealand Business.
• 24:36
  Speaker 3: Quarter pass six News Talk, said be Mitch McCann as
• 24:38
  Speaker 3: a US correspondent. New polling, the Karmela swing continues.
• 24:44
  Speaker 5: Yeah, good morning, Ryan. The swing really continues from Kamala Harris.
• 24:48
  Speaker 5: Since July twenty one, when Joe Biden said that he
• 24:51
  Speaker 5: wasn't going to run anymore.
• 24:52
  Speaker 2: This race has really changed.
• 24:54
  Speaker 5: New polling out today that shows Harris as leading, slightly
• 24:58
  Speaker 5: or tied among voters in six of the seven swing
• 25:01
  Speaker 5: states Pole So, Arizona, Georgia, Michigan, Northlna, Pennsylvania, and Wisconsin.
• 25:07
  Speaker 5: She is tied or she is winning there. Donald Trump
• 25:10
  Speaker 5: only leads in one at the moment, and that's in Nevada.
• 25:13
  Speaker 5: Really illustrating how much this race has changed, and back
• 25:17
  Speaker 5: in May he was winning almost all of those states
• 25:21
  Speaker 5: across multiple piles. So Donald Trump is really trying to
• 25:24
  Speaker 5: take back the narrative here. She's been out campaigning with
• 25:27
  Speaker 5: a new running mate, and he's been having to hold
• 25:29
  Speaker 5: these sort of random press conferences that have fact check
• 25:33
  Speaker 5: is working in overdrive. He's decided he's going to hold
• 25:35
  Speaker 5: another one tomorrow. He doesn't seen what it's going to
• 25:38
  Speaker 5: be about, but you can bet there'll be some interesting
• 25:41
  Speaker 5: commentary from Donald Trump tomorrow.
• 25:43
  Speaker 3: Yeah, what about I see Fox News is running a
• 25:46
  Speaker 3: daily banner how many days we've gone without a press
• 25:48
  Speaker 3: conference from Karmala Harris?
• 25:49
  Speaker 2: Is anyone paying attention to that?
• 25:52
  Speaker 5: This is a conversation that is starting to get more
• 25:54
  Speaker 5: airtime here in the US. So Kamala Harris hasn't done
• 25:57
  Speaker 5: any set down interviews of no press conferences where she's
• 26:01
  Speaker 5: taken questions that aren't pre arranged since she has come
• 26:05
  Speaker 5: into the top of the ticket, so she's under pressure there.
• 26:08
  Speaker 5: She did say last week that she was trying to
• 26:10
  Speaker 5: arrange something this month, but she hasn't done a sixty
• 26:13
  Speaker 5: minutes interview, nothing like that. And I think every day
• 26:15
  Speaker 5: this goes on, this is actually starting to build some
• 26:18
  Speaker 5: pressure and it is becoming a bit of a conversation.
• 26:20
  Speaker 2: Yeah.
• 26:21
  Speaker 3: Absolutely, and the void gets filled by other staff Fame.
• 26:23
  Speaker 3: Thanks so much for that, Mitch McCann, our US correspondent.
• 26:26
  Speaker 3: It is thirteen to six Bryan.
• 26:28
  Speaker 2: Bridge, Good morning, New Zealand. It is the dawn of
• 26:37
  Speaker 2: a new day.
• 26:38
  Speaker 3: We've begun our slide down the interest rate curve. The
• 26:42
  Speaker 3: Reserve Bank, with Adrian or at the Helm, has cut
• 26:44
  Speaker 3: the OCR twenty five basis points to five point two
• 26:47
  Speaker 3: five percent, but economist Brad Olsen reckons we can't trust
• 26:51
  Speaker 3: them after they said just three months ago that we
• 26:55
  Speaker 3: weren't cutting until twenty twenty five and even discussed an increase.
• 26:59
  Speaker 3: Nikola will Is the Finance minister. She joins me this morning,
• 27:02
  Speaker 3: Good morning minister, good morning line.
• 27:04
  Speaker 6: You played my songs. It's darkness before the dawn. Thank
• 27:08
  Speaker 6: you for that.
• 27:09
  Speaker 3: We're actually discussing is it darkest before the dawn? Isn't
• 27:12
  Speaker 3: it as dark at two am as is it four?
• 27:15
  Speaker 6: I think we all know that nighttime comes before morning,
• 27:18
  Speaker 6: and I think it is still cloudy out there, but
• 27:21
  Speaker 6: there are rays of light if you think through. And
• 27:24
  Speaker 6: we always said with the economy what we need to
• 27:27
  Speaker 6: see happens inflation come under control, so interest rates can
• 27:31
  Speaker 6: come down and gross can recover. And what the Reserve
• 27:34
  Speaker 6: Bank emphatically said yesterday is that they think inflation is
• 27:38
  Speaker 6: now under control, the forecasting it being back and target,
• 27:43
  Speaker 6: and that's given then the confidence they need to actually
• 27:45
  Speaker 6: reduce interest rates. So that's positive news for a lot
• 27:48
  Speaker 6: of people.
• 27:49
  Speaker 3: Isn't the problem that they emphatically said basically the opposite
• 27:52
  Speaker 3: three months ago?
• 27:52
  Speaker 2: Do you trust them?
• 27:55
  Speaker 6: Ah? Look, I do trust the Reserve Bank to do
• 27:57
  Speaker 6: their job, and it's important they let them do their
• 27:59
  Speaker 6: job independently. And when I look at the decision yesterday
• 28:04
  Speaker 6: and the data that backs it up, there are facts there.
• 28:07
  Speaker 6: You know, inflation has come down to three point three percent,
• 28:11
  Speaker 6: that is the lowest it has been in three years.
• 28:15
  Speaker 6: And all I need to do is go around New
• 28:17
  Speaker 6: Zealand at the moment to know the economy has slowed
• 28:20
  Speaker 6: down and so seeing interest rates come down to me
• 28:25
  Speaker 6: is logical. But ultimately these are independent decisions for the
• 28:28
  Speaker 6: Reserve Bank.
• 28:29
  Speaker 3: And you've got no issues with Adrian or he's got
• 28:31
  Speaker 3: three more years on his term. You've also recently reappointed
• 28:35
  Speaker 3: the board chair, You've got no issues there.
• 28:38
  Speaker 6: Well, he does his job. I do my job, and
• 28:41
  Speaker 6: it's really important that we let each other get on
• 28:44
  Speaker 6: and do their job, because when the rest of the
• 28:46
  Speaker 6: world looks at New Zealand, one of the things they
• 28:48
  Speaker 6: like about us is that we have good monetary policy,
• 28:53
  Speaker 6: independent institutions, and that we've had a long history of
• 28:57
  Speaker 6: Reserve bank governors doing their thing, ministers doing their thing,
• 29:01
  Speaker 6: and they're not trying to influence each other too much.
• 29:05
  Speaker 3: Hey, just on the banks while we're there. The retail variety,
• 29:08
  Speaker 3: that banking report from the Commerce Commissions do out this week,
• 29:12
  Speaker 3: I understand have you read that yet?
• 29:15
  Speaker 6: I had seen an advanced coffee. It's really important. I
• 29:18
  Speaker 6: don't comment on its contents. Obviously, it's for the Commerce
• 29:21
  Speaker 6: Commission to announce later this week, but the draft report
• 29:25
  Speaker 6: has been in speculation publicly. It's clear, according to the
• 29:29
  Speaker 6: Commerce Commission, we have a two tier oligopoly of banks
• 29:33
  Speaker 6: in New Zealand, that there hasn't been enough competition, that
• 29:37
  Speaker 6: there have been sustained levels of high profitability for those
• 29:40
  Speaker 6: big banks. And we are very keen to hear the
• 29:43
  Speaker 6: recommendations of the Commerce Commission and where they make sense,
• 29:46
  Speaker 6: act on them. Because New Zealanders deserve fair, competitive banking services.
• 29:52
  Speaker 2: Are you still considering partial privatization of Kevy Bank.
• 29:57
  Speaker 6: I'm really keen to see Kiwibank all up and grow
• 30:01
  Speaker 6: so it can take on those big Aussie banks, And
• 30:04
  Speaker 6: so we are exploring options for how we could help
• 30:08
  Speaker 6: ki Bank get bigger. It's no secret time that we
• 30:13
  Speaker 6: don't have a big pile of cash sitting around at
• 30:15
  Speaker 6: the moment, So we are looking at how we can
• 30:18
  Speaker 6: achieve that something.
• 30:20
  Speaker 3: Something would that include sorry monster, would that include foreign investment?
• 30:24
  Speaker 3: Will any foreigner get their hands on Kwibank?
• 30:28
  Speaker 6: Well, look at this stage, the people who are kind
• 30:32
  Speaker 6: of showing interest are New Zealand entities, and it is
• 30:38
  Speaker 6: really possible. I think that there would be New Zealanders
• 30:41
  Speaker 6: who would want to invest in making a New Zealand
• 30:43
  Speaker 6: bank bigger. And I say that because I look at
• 30:47
  Speaker 6: the key we savor funds that have built up. I
• 30:49
  Speaker 6: look at their money and super funds that's built up.
• 30:51
  Speaker 6: I look at the money that ACC invests. And actually
• 30:55
  Speaker 6: a lot of the time when I talk to people
• 30:57
  Speaker 6: and those funds, they're looking for good New Zealand investment.
• 31:01
  Speaker 6: So thank it's the.
• 31:02
  Speaker 3: First port of call yeah, first port of call, but
• 31:04
  Speaker 3: is there a second portal call? Or would you rule
• 31:06
  Speaker 3: out foreign investment in Keevybank?
• 31:08
  Speaker 6: Well, look, I'm taking advice on what is needed to
• 31:12
  Speaker 6: get investment into kwibank. Can if I say I've said,
• 31:16
  Speaker 6: let's look at what the options are, I think we
• 31:18
  Speaker 6: will also be interested. By the way, I think there
• 31:20
  Speaker 6: could be institutional investors from New Zealand who are interested.
• 31:24
  Speaker 6: So what if that look like? What are the next
• 31:26
  Speaker 6: steps and then we'll take proposals out and we'll talk
• 31:29
  Speaker 6: with New Zealand about them.
• 31:30
  Speaker 3: Minister, we are very short on time, but I just
• 31:32
  Speaker 3: want to quickly put to you that Health New Zealand
• 31:34
  Speaker 3: proposal to cut doctors and nurses. It sounds absolutely mad
• 31:39
  Speaker 3: and goes against everything that you guys said you wanted
• 31:42
  Speaker 3: when it came to cuts. Have you spoken to ministers
• 31:45
  Speaker 3: you're doing anything about this?
• 31:47
  Speaker 6: Well, it did sound absolutely mad, So I was very
• 31:50
  Speaker 6: pleased to see the Commissioner, mister Levy rule it out
• 31:55
  Speaker 6: and in fact express his frustrations that such numbers were
• 31:59
  Speaker 6: ever out into the universe because they're so far away
• 32:04
  Speaker 6: from the direction the government has given Health New Zealand
• 32:07
  Speaker 6: and the expectations we've placed on that commissioner, which is
• 32:10
  Speaker 6: we want resources going to the front line. We want
• 32:14
  Speaker 6: our doctors and nurses in a better position to provide
• 32:17
  Speaker 6: care to New Zealanders. That's our focus and so proposals
• 32:21
  Speaker 6: like that don't have truck with us.
• 32:23
  Speaker 3: That is the Finance Minister, Nicola Willis Nicola, thank you
• 32:26
  Speaker 3: very much for your time this morning.
• 32:27
  Speaker 2: Enjoy the dawn. It is seventeen to six.
• 32:31
  Speaker 4: Get ahead of the headlines. Ryan Bridge, you for twenty
• 32:35
  Speaker 4: twenty four on early edition with Smith City, New Zealand,
• 32:39
  Speaker 4: furniture beds and a player store.
• 32:40
  Speaker 2: News Talks.
• 32:41
  Speaker 3: It'd be five to six on news talks. He'd be
• 32:43
  Speaker 3: the Prince and Princess of Wales, causing a bit of
• 32:46
  Speaker 3: a stir Online there's a video of them thanking Team
• 32:49
  Speaker 3: GB over the Olympics.
• 32:50
  Speaker 6: From all of us watching our home, CONGRATULATINGSKMGB.
• 32:54
  Speaker 2: Well done or you've achieved.
• 32:55
  Speaker 4: You've got an inspiration to usall.
• 32:58
  Speaker 3: So the problem is not well not the problem, but
• 33:00
  Speaker 3: the issue is not what they're saying about what they
• 33:01
  Speaker 3: look like. Prince William has got a beard, his tanned,
• 33:06
  Speaker 3: he's bearded and people are asking is this the new
• 33:11
  Speaker 3: millennial version of the monarchy or is he just on
• 33:15
  Speaker 3: summer vacation? Mike, what do you reckon? You've seen it.
• 33:20
  Speaker 8: Helps?
• 33:21
  Speaker 14: So he's improved visually because of the tan, because he's
• 33:23
  Speaker 14: a pasty wee thing at the best of times, like
• 33:25
  Speaker 14: so many Brits who go on holiday. But she looks spectacular,
• 33:29
  Speaker 14: she does in terms of how well she looks, and
• 33:32
  Speaker 14: if you compare her, because she's wearing the same top
• 33:35
  Speaker 14: as she wore for the video when she announced the cancer,
• 33:38
  Speaker 14: and so it's one of her favorite tops. And so
• 33:41
  Speaker 14: if you look at her in the video, the original
• 33:43
  Speaker 14: video versus this current video, she's a revelation.
• 33:48
  Speaker 3: But he I mean, obviously I'm focusing on him for
• 33:50
  Speaker 3: obvious reasons. But he looks good, Yeah, he does. And
• 33:54
  Speaker 3: when you're a good looking guy, when you're boiling on top,
• 33:56
  Speaker 3: it pays to compensate down.
• 33:58
  Speaker 6: Is that what it was?
• 33:59
  Speaker 2: Is that what it is?
• 34:00
  Speaker 8: Do you think?
• 34:00
  Speaker 5: So?
• 34:00
  Speaker 2: I think?
• 34:00
  Speaker 14: So, how do you explain yourself because you're not balding
• 34:03
  Speaker 14: on top, are you? I mean, you've got to arguably
• 34:05
  Speaker 14: got too much. Again, they all over debate anyway, Adrian
• 34:09
  Speaker 14: or Man of the moment will be with us after
• 34:11
  Speaker 14: seventy thirty for a discussion.
• 34:13
  Speaker 2: Thank You. See you tomorrow Friday.
• 34:19
  Speaker 4: For more from News Talks ed B, listen live on
• 34:22
  Speaker 4: air or online, and keep our shows with you wherever
• 34:25
  Speaker 4: you go with our podcasts on iHeartRadio