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Speaker 1: The issues, the interviews and the inside. Ryan Bridge new

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Speaker 1: for twenty twenty four on the early edition with Smith City,

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Speaker 1: New Zealand's furniture beds and a play at store.

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Speaker 2: The news dogs'd me.

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Speaker 3: Good morning to six half of five. Great to have

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Speaker 3: your company. The OCR announcement today. Why does the Reserve

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Speaker 3: Bank sank take such a long holiday over summer? And

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Speaker 3: we'll look at that. Just before six this morning.

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Speaker 4: Nurses are upset. We're getting more nurses. What is up

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Speaker 4: with that?

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Speaker 3: Michael Barnett on the sad passing of Nicky Kay, our

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Speaker 3: UK correspondent this morning. Labor apparently pinching jobs policies from

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Speaker 3: the Tories.

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Speaker 1: The agenda.

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Speaker 3: It is Wenesday, the twenty seventh of November. Israel's whacked

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Speaker 3: Bay route overnight seven dead hitting his villa defense facilities.

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Speaker 3: We're told it seems to be preempting a ceasefire deal,

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Speaker 3: basically getting hits in while they can. Israel's cabinet meeting

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Speaker 3: now to discuss the deal.

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Speaker 5: There will be no problems for Natanio to get the

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Speaker 5: majority that he needs from the cabinet. There are some ministers,

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Speaker 5: especially the lunatic ones, who will be against any cease

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Speaker 5: fire anywhere in the world.

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Speaker 6: But they're not threatening.

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Speaker 3: So the meeting started about an hour ago, set to

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Speaker 3: last a couple of hours.

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Speaker 4: It's a sixty day deal they're looking for. There.

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Speaker 3: The alcohol methanol backpacker scandal, well, apparently police have detained

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Speaker 3: eight staff from that backpackers in Laos. Six people died,

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Speaker 3: five of them were staying at the hostel. Five survived.

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Speaker 3: This is a survivor as people who've been found alive

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Speaker 3: more than twenty four hours after a tourist yacht sank

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Speaker 3: in the Red Sea off the coast of Egypt.

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Speaker 6: Mainly these boats are built from wood. They look very nice.

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Speaker 6: They've highly finished. When they find themselves out in the

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Speaker 6: Red Sea, proper away from the coast, punching north, I

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Speaker 6: think bad things can happen and then they can literally

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Speaker 6: fall apart. Of course, in some cases.

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Speaker 3: Bodies of four people have been found, seven remained missing.

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Speaker 3: To the United States, Donald Trump says he'll put a

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Speaker 3: twenty five percent tariff on all imports coming from Mexico

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Speaker 3: twenty five percent for Canada. This on his first day

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Speaker 3: in office. He's also going to whack China with ten

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Speaker 3: percent until illegal drugs stopped being sent into the United States.

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Speaker 3: China's embassy's response, No one wins.

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Speaker 4: In a trade or tariff war.

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Speaker 1: On your radio and online on iHeartRadio Early edition with

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Speaker 1: Ryan Bridge and Smith City, New Zealand's Furniture Beds and

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Speaker 1: a playing store News Talk z B.

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Speaker 3: Yeah, a couple of interesting things this morning. Russia, and

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Speaker 3: we'll talk about this with our UK correspondent. As I mentioned,

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Speaker 3: but rule number one of spying is don't get caught.

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Speaker 3: And apparently Russia's expelled a British diplomat accusing him of espionage.

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Speaker 3: How they figured that out, I'm not quite sure, but

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Speaker 3: we'll find out from our correspondent. The FSB put his

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Speaker 3: photo across state television over in Russia. He was a

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Speaker 3: cues of providing false information on his documents and carrying

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Speaker 3: out espionage and sabotage activities. And then I thought, how

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Speaker 3: can you get to Russia? How hard is it to

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Speaker 3: get to Russia if you did want to get to Russia.

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Speaker 3: Obviously you're advised not to travel to Russia, but you

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Speaker 3: can get to Russia on a China Eastern flight. You

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Speaker 3: can go Auckland via Sydney via Shanghai, bi Beijing and

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Speaker 3: then eventually to Moscow thirteen hundred bucks return. The big

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Speaker 3: question I suppose is do you return? You know, so

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Speaker 3: they do lock people up, don't they use them as

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Speaker 3: bargaining chips in their next round of so called diplomacy.

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Speaker 3: A really interesting article in The Guardian, which i'll get

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Speaker 3: to you later on. Robin Malcolm has been interviewed the

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Speaker 3: New Zealand actress about her apparently very good.

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Speaker 4: Haven't seen it?

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Speaker 3: A new show called After the Party, and they talk

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Speaker 3: about how if you are watching a movie these days

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Speaker 3: and you're watching somebody who's playing let's say a character

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Speaker 3: that's sixty five, seventy eighty years old, they're normally fifty.

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Speaker 3: We don't like looking at old people anymore because we

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Speaker 3: find them hideous. So we'll talk about that a little

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Speaker 3: later on as well. And this Goldie, what an incredible

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Speaker 3: price I heard ever mentioned it in the news. The

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Speaker 3: most valuable now Maldi portrait in New Zealand history, getting

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Speaker 3: three point seven five million dollars at auction last night.

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Speaker 3: Thoughts of tor Hunger are portraits of Fuddy Cody Tahuna.

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Speaker 3: This was the highest price it was by Goldie in

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Speaker 3: nineteen thirty eight sold for more than three point seven

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Speaker 3: million dollars. At twenty sixteen, they sold a Goldie for

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Speaker 3: one point one seven five and they have since sold

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Speaker 3: fifteen Goldies for more than a Indian. But this just

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Speaker 3: blows it out of the water. So I don't know

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Speaker 3: who bought it, someone rich. I presume it is ten past.

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Speaker 1: Five, Ryan Bridge.

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Speaker 3: Also this morning we're going to look at the debt

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Speaker 3: to income limits because his interest rates come down. If

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Speaker 3: you know someone who wants to get into their first home.

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Speaker 3: Some interesting numbers and some interesting information from core Logic

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Speaker 3: Calvin Davidson, which I'll get to after this.

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Speaker 4: You're on Newstalk ZB.

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Speaker 7: As the last longer Abu fagot you liveledg.

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Speaker 1: Ryan Bridge you for twenty twenty four on early edition

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Speaker 1: with Smith City, New Zealand's furniture Beds and a playing store.

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Speaker 2: News Talk dB.

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Speaker 3: It's thirteen after five. Great to have your company this morning.

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Speaker 3: Flicking your text. Nine to nine two is the number.

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Speaker 3: So the debt to income limits this is and it

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Speaker 3: hasn't mattered much until now. These debt to income limits,

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Speaker 3: even though they came in in July, because interest rates

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Speaker 3: are so high, who can afford to buy a house anyway.

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Speaker 3: But the idea is that you tie house prices closer

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Speaker 3: to incomes.

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Speaker 4: You stop.

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Speaker 3: And the idea is that you will stop big future

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Speaker 3: price booms, et cetera, and protect borrowers from the financial

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Speaker 3: ruin if and when the rates shoot up again and

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Speaker 3: you can't afford to service your mortgage, you know, the

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Speaker 3: tide goes out and people are caught with their no

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Speaker 3: togs on. So these came in in July, and as

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Speaker 3: interest rates start to come down, and we're going to

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Speaker 3: see another drop in the OCI today, we'll talk about

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Speaker 3: that with the Benz economists just before six. But Calvin Davidson,

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Speaker 3: the chief economist at Core Logic, he's put a piece

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Speaker 3: out and he says, basically, yes, they are a significant move,

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Speaker 3: but they will not make or break most first home

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Speaker 3: buyers for a couple of reasons. He says there'll be

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Speaker 3: significant allowances for banks to lend outside of the caps.

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Speaker 3: He said new builds are exempt, so if you want

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Speaker 3: to buy a new built home, you don't have to

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Speaker 3: worry about the DTI limits most buyers, he says, we'll

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Speaker 3: still find a way and what's more, twenty percent of

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Speaker 3: DTIs can be done at a greater than sex, which

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Speaker 3: is the limit that they've put in, so you know

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Speaker 3: you can still get around it. It's not going to

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Speaker 3: be It's not the be all lend All in terms

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Speaker 3: of not being able to afford a house, particularly if

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Speaker 3: it's your first one. Just go on quarter past five

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Speaker 3: here on News Talk SEB. We are hoping to talk

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Speaker 3: this morning to David Willis. He is the National director

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Speaker 3: of the Nurse's Society. So the government's put in a

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Speaker 3: bunch of money, ten million dollars for senior specialist nurses

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Speaker 3: as well as some money for senior doctors, and the

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Speaker 3: union's aren't happy.

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Speaker 4: Why are the unions never happy? Why are they so miserable?

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Speaker 3: I mean, if someone said to me, hey, there's ten

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Speaker 3: million dollars for some news staff and you can't have

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Speaker 3: it both ways, they say, well, we're not paid enough

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Speaker 3: to begin with, so there's not infinite money. There are

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Speaker 3: finite resources. So you either are so sick and tired

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Speaker 3: of doing double shifts and triple shifts or whatever that

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Speaker 3: you are happy to take extra staff to get extra

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Speaker 3: nurses on board, or you.

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Speaker 4: Want more pay. Which is it? Because you can't have everything,

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Speaker 4: can you? Anyway? We'll talk about that with them, hopefully

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Speaker 4: later on in the program.

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Speaker 3: Anyone else said about Nikki Kay I had a little

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Speaker 3: cry yesterday. What an amazing, wonderful person. I've actually got

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Speaker 3: a bit of audio to play for you. This is

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Speaker 3: from twenty nineteen when Nicky Kay was asking questions of

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Speaker 3: the then Education Minister Chris Hipkins, and it just shows,

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Speaker 3: I mean, they had this back and forth, it was

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Speaker 3: quite combative. And then this was Nicky Kay's last question.

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Speaker 8: Let's to speak a supplementary question. Does he stand by

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Speaker 8: his excellent decisions to back my second Language bill and

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Speaker 8: Nichola Willis's campaign to stick with VIC And can I

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Speaker 8: take this the opportunity to wish the member a very

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Speaker 8: merry Christmas and relaxing break with his baby girl.

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Speaker 4: Oh you, thank you to the member. She was lovely.

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Speaker 3: She was actually my neighbor for a week while an

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Speaker 3: absolutely delightful person and as everybody said yesterday, very very

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Speaker 3: hard working, very determined and we'd go to great lengths

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Speaker 3: to help other people. And my goodness, only forty four

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Speaker 3: years old. We're going to talk to Michael Bunnett about

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Speaker 3: the legacy of Niki Ka next the.

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Speaker 1: News You need this morning and the in depth analysis

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Speaker 1: early edition with Ryan Bridge and Smith City, New Zealand's

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Speaker 1: furniture beds and a playing store.

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Speaker 3: News Talks the'd be nineteen after five on News talks'd

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Speaker 3: be we'll talk soon about the Sydney University that is

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Speaker 3: going to allow the use of AI. They're basically changing

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Speaker 3: reversing their AI cheating policy.

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Speaker 4: We'll talk about that shortly.

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Speaker 3: Also overnight, Russia is apparently preparing to retaliate this after

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Speaker 3: the US attackers were twice used in the last three days. Also,

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Speaker 3: the Brits have allowed the use of their longer range

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Speaker 3: missiles as well. So apparently Russia the crewmin preparing to

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Speaker 3: retaliate in some way that we're not quite sure how

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Speaker 3: or in what fashion yet. Also overnight, Europe's starting to

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Speaker 3: step up. Germany is going to deliver two more irist

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Speaker 3: air defense systems to Ukraine before the end of the year.

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Speaker 3: Norway has agreed to to increase its fiscal support up

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Speaker 3: from thirty billion crowns to twenty seven as from twenty

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Speaker 3: seven billion crowns this year. That's two point seven billion

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Speaker 3: US dollars. So Europe, obviously, with the fear that Trump's

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Speaker 3: going to come in and create a bit of a vacuum.

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Speaker 3: They're starting to up the ante a bit there. Twenty

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Speaker 3: after five Brian Bridge tributes have continued to flow in

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Speaker 3: following the passing of Nicky k. The former Minister and

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Speaker 3: all consentual MP, died over the weekend at just forty

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Speaker 3: four years old after a long battle with cancer. She's

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Speaker 3: been remembered as an advocate for the rainbow community and

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Speaker 3: a well respected MP across all of Parliament. Michael Barnett

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Speaker 3: is the former chief executive of the Auckland Business Chamber

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Speaker 3: and is with me this morning. Michael, good morning, Brian,

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Speaker 3: good morning. It's great to have you on the show.

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Speaker 3: This is obviously some very very sad news.

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Speaker 8: It is.

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Speaker 9: It's such a shame that people like Nicky need to

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Speaker 9: go for us to remember the impact that they made

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Speaker 9: and the things that they did. But she's certainly somebody

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Speaker 9: that I worked with and somebody that I remember and

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Speaker 9: remember what she did.

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Speaker 3: What did you work with her on and what was

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Speaker 3: sort of some of the passions that came through when.

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Speaker 4: You worked for them.

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Speaker 9: I think the use of the word passion is a

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Speaker 9: good one. I mean, she was passionate, she was a

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Speaker 9: lesson and objectivity. She was an advocate. But for me,

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Speaker 9: you know, it's easy to talk fairness and equity in

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Speaker 9: a community, but it's harder to give the LGBTQ community

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Speaker 9: a voice. But she did that. It was easy for

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Speaker 9: me to talk, you know, the benefits of cruise ships

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Speaker 9: coming to our city. It was harder for somebody to

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Speaker 9: talk about the damage to the environment from new ways.

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Speaker 9: So it was easy for me to talk about congestion

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Speaker 9: and congestion charging and Orkland. It was harder to have

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Speaker 9: a conversation about the benefits of psycle waste, but she did.

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Speaker 9: She was able to give a voice to those who

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Speaker 9: didn't have one, and that was the sem community in

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Speaker 9: central Auckland. So those are the things that I will

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Speaker 9: remember her for.

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Speaker 3: She was a bit of a fish out of water

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Speaker 3: in that sense in the national caucus at the time,

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Speaker 3: and I guess part of the part of her appeal

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Speaker 3: to Auckland Central that she was able to take that seat,

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Speaker 3: if you have to.

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Speaker 9: Back into two thousand and ah, a labor stronghold for

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Speaker 9: so many years, and she took it, and she took

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Speaker 9: it as a young liberal, She took it as a

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Speaker 9: fresh new face passionate, tons of energy, and she came

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Speaker 9: in and she was quite happy to have a different

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Speaker 9: opinion around transport, or around where a port should be,

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Speaker 9: or as I said before the LGBTQ community, same sex marriage.

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Speaker 9: You know, these these were tough things that you needed

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Speaker 9: to have a conversation about, and she was happy to

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Speaker 9: have that conversation.

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Speaker 3: Were you surprised at her passing. I mean, I just

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Speaker 3: I didn't. I didn't realize personally how unwell she was.

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Speaker 9: I was aware, and I have to say I've done

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Speaker 9: a similar pathway, you know, with that cancer, and I

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Speaker 9: had throat cancer, and you know, for so many years

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Speaker 9: it takes its told and you know, for those that

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Speaker 9: have been down there, you understand the pain and the

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Speaker 9: despair and the sense of futility. For her, it's been

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Speaker 9: something that she's carried for so many years done She's

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Speaker 9: done it with huge amounts of support, huge amounts of hope,

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Speaker 9: and a huge amount of belief from herself. So I think,

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Speaker 9: you know, she's someone As I say, it's a shame

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Speaker 9: when people like net to go that it takes their

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Speaker 9: parting for us to remember the good she did.

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Speaker 3: Absolutely, Michael, thank you very much for being with us

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Speaker 3: this morning. Really appreciate your time.

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Speaker 5: Thanks.

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Speaker 3: It's Michael Barnett, formative executive of the Auckland Business Chamber.

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Speaker 3: It is twenty four after five the early.

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Speaker 1: Edition Full the Show podcast on iHeartRadio powered by News

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Speaker 1: Talks IV.

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Speaker 3: You're on News Talk CB. It is twenty six minutes

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Speaker 3: after five. I paid forty cents for a paper bag

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Speaker 3: while shopping at my local supermarket the other week. Forty

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Speaker 3: cents remember when they used to cost ten cents back

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Speaker 3: in the day when they swapped them out for plastic

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Speaker 3: bags when they banned those, which used to be free,

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Speaker 3: by the way.

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Speaker 4: Forty cents.

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Speaker 3: And guess what they had printed on the side of

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Speaker 3: this paper bag that you buy to put your groceries in.

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Speaker 3: They had printed little Christmas trees for goodness sake. So

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Speaker 3: you chop down trees, you make paper bags, and then

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Speaker 3: you print more trees on them, and we're supposed to

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Speaker 3: be saving the planet. This is stupid. It's dumb, and

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Speaker 3: it's forty cents. It's a lot of money. It's a

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Speaker 3: lot more than free, which is what we used to

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Speaker 3: get the plastic bags for. And they're not reusable. You

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Speaker 3: put a two liter of milk in there. It's wet,

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Speaker 3: it's sulky, and it just falls straight through. It's not

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Speaker 3: a reusable thing. And here's the problem I think with

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Speaker 3: environment and no one and people are probably over the

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Speaker 3: paper bag thing and used to it by now and

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Speaker 3: take your own bags as the other thing. But I forgot,

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Speaker 3: So what are you going to do? But here's the

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Speaker 3: thing with environmental costly environmental policies. This is stuff like

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Speaker 3: you know, your emissions trading scheme charge on the petrol

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Speaker 3: that you put in your tank, or on farmers, or

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Speaker 3: the ute tax or the cycle wave bells that we

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Speaker 3: are paying for. The issue with all of this is

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Speaker 3: getting us on board with paying to fix the planet

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Speaker 3: when we're such a small part of it. You know,

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Speaker 3: are we rarely saving all the dolphins and whales and

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Speaker 3: turtles in the ocean by paying forty cents for a

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Speaker 3: paper bag a countdown?

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Speaker 10: No?

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Speaker 3: Because the ocean's still filled with plastic. So what's the

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Speaker 3: point is? You know, shi Jingping's still opening coal fired

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Speaker 3: power plants, yes. Is Donald Trump about to start drilling

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Speaker 3: helpful leather for more oil?

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Speaker 4: Yes? So you know, what are we doing? What difference

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Speaker 4: are we making? Why should we bother.

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Speaker 3: They just had the climate change conference in Azerbaijan and

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Speaker 3: the Petro State for goodness sakes, and everyone flew there

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Speaker 3: on an aeroplane and I'm paying forty cents for.

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Speaker 4: A paper bag. Get you out of here. Twenty eight

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Speaker 4: after five, Brian, just before we get to.

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Speaker 3: The news at the half hour, this is a report

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Speaker 3: from the directors. It's Director Sentiments Survey for twenty twenty four. Basically,

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Speaker 3: all of the directors who in charge of companies around

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Speaker 3: New Zealand. They're worried about the brain drain. Who is

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Speaker 3: going to run the country? Literally, who was going to

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Speaker 3: run these companies? There's no succession planning. We've got people

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Speaker 3: leaving the country. The average age of a director at

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Speaker 3: the moment on listed companies is sixty one years old.

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Speaker 3: This year, they say, we saw a number of high

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Speaker 3: profile chare and chief executive retirements for good or for bad,

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Speaker 3: that have placed pressure on organizations. They say, one of

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Speaker 3: the biggest challenges we've got now is succession planning. Who's

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Speaker 3: going to run the place when everyone's leaving. Twenty nine

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Speaker 3: after five News Talk zib.

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Speaker 9: J Presisson.

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Speaker 1: The first word on the News of the Day early

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Speaker 1: edition with Ryan Bridge and Smith City, New Zealand's furniture

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Speaker 1: beds and a playing store.

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Speaker 2: News Talk zibby, good Morning New Zealand.

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Speaker 3: It is twenty four away from six news talksi'd b

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Speaker 3: k Oliver are UK europe correspondents with US momentarily the

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Speaker 3: Tories accusing labor.

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Speaker 4: Of pinching their jobs plan. Also Russia expelling a British diplomat.

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Speaker 4: We'll look at that.

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Speaker 3: The ocr decision out today after the world's.

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Speaker 4: Longest summer break.

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Speaker 3: Literally, I think of any central bank in the world,

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Speaker 3: New Zealand has the longest summer hiatus. They're not back

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Speaker 3: until February, and of course before February, Trump is going

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Speaker 3: to be in the White House. It is January twentieth.

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Speaker 3: I think he's going to be in there. So we'll

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Speaker 3: have a lot going on in that time. Shouldn't they

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Speaker 3: be at work? We'll ask the ben Z Economist Chief

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Speaker 3: economist Mike Jones just before six o'clock. Lots of feedback

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Speaker 3: on paper bags, which you have to buy at the

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Speaker 3: supermarket now instead of getting your free plastic ones. And

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Speaker 3: I don't know, I'm not saying let's go and print

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Speaker 3: plastic bags. Crank the plastic bags back up. But I

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Speaker 3: just hate paying for paper ones. Ryan, bring your own bags,

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Speaker 3: for goodness sakes. Jeez, you are unbelievable, says one of

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Speaker 3: our listeners, Ryan. The paper bag costs the supermarket between

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Speaker 3: ten and fifteen cents each.

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Speaker 4: It is blatant profiteering. Ryan. I leave my bags in

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Speaker 4: the car.

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Speaker 3: I load them, then unpack them and put them back

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Speaker 3: in the car afterwards. The system seems to work well,

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Speaker 3: says Ken Ken. That's good for you. I don't do that.

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Speaker 3: I'm not an organized person.

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Speaker 10: Ryan.

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Speaker 3: Listening to the country on ZB on Saturday, I was

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Speaker 3: shocked to hear New Zealand will be twenty percent covered

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Speaker 3: with pines by twenty thirty, both planted and wilding pines.

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Speaker 3: Apart from the loss of land, that will do. What

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Speaker 3: will this do for the allergy.

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Speaker 4: And asthmas sufferers, asks Judy. Well, I suppose that's a

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Speaker 4: good point, Judy.

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Speaker 3: It is twenty two minutes away from six. I promised

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Speaker 3: you that I would tell you about Robin Malcolm and

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Speaker 3: the Curse of the Aging Actor, and I will do that.

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Speaker 3: Plus our city Universe City reversing its AI cheating policy,

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Speaker 3: will have more on that shortly two twenty two to six.

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Speaker 1: Bryan Bridge our.

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Speaker 4: Reporters around the country.

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Speaker 3: Blake Benny With Denieda's News disagreement at the council there

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Speaker 3: over furthest spending for its campaign against the hospital cuts.

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Speaker 4: This was bound to happen.

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Speaker 11: That's all right, So it's approved more money for its campaign,

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Speaker 11: with the total expenditure costing each ratepayer two dollars sixty.

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Speaker 11: Councilor Lee van Dervis was the only one to vote

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Speaker 11: against the proposal and says it doesn't make sense to

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Speaker 11: justify the spending by saying it's just a small amount

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Speaker 11: per ratepayer. Van Derverz says it diminishes the sizeable amount

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Speaker 11: of money being thrown at a campaign which has already

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Speaker 11: served its purpose. Meanwhile, Councilor Carmen Hulahan believes the City

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Speaker 11: Council should target Winston Peters as the Prime Minister's not

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Speaker 11: supporting a budget under one point nine billion dollars.

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Speaker 4: Interesting strategy. Well, apparently Seymour holds all the powers they

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Speaker 4: should probably have him. How's the weather in Dunedin Blake.

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Speaker 11: Moostly cloudy with occasional rain. Clear in this afternoon. A

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Speaker 11: high of seventeen brilliant.

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Speaker 4: Thank you clear than christ it'ch clear and you can

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Speaker 4: to be.

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Speaker 3: University research shows a link between where you grow up

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Speaker 3: and your mental health.

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Speaker 12: Yes, good morning Ryan. This study found that children who

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Speaker 12: moved from a well off area to a more deprived

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Speaker 12: neighborhood were more likely to suffer from depression than those

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Speaker 12: who had a stable life in more affluent areas. Now,

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Speaker 12: this combined some geospatial information with data from the Christitch

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Speaker 12: Health and Development Study. The lead researcher, Susi Deng, says

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Speaker 12: it looked at whether the impacts continued throughout participants' life,

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Speaker 12: and the research indicated they didn't continue through to adulthood.

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Speaker 12: She does say though, they're looking at and incorporating some

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Speaker 12: environmental factors in the future to see if there's long

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Speaker 12: term health effects from that. She says the research highlights

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Speaker 12: the need to support children, particularly those in vulnerable situations,

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Speaker 12: to prevent it impacting upon their health.

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Speaker 4: That's interesting.

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Speaker 3: So if you go from a rich to a poor area,

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Speaker 3: you get depressed, but if you pour the whole time,

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Speaker 3: you find.

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Speaker 4: All right. How's the widder?

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Speaker 12: Low cloud with possible drizzle clearing from about mid day

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Speaker 12: could be some low cloud again this evening northeasterlies and

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Speaker 12: a high of twenty brilliant.

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Speaker 3: Thank you Mexas and Wellington Mexi keeping your Golden Mile.

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Speaker 4: You must be stoked.

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Speaker 10: Well, we shouldn't probably shouldn't be surprised when a massive

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Speaker 10: pedestrianization project is voted for by a predominantly lefty council.

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Speaker 10: There was a strong argument that the hugely contentious Golden

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Speaker 10: Mile plan would have been an easy stroke of the

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Speaker 10: pen when you've got hundreds of millions of dollars to

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Speaker 10: desperately fine. But that's not what happened at yesterday's council meeting. Instead,

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Speaker 10: what you got were some of the smaller community developments

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Speaker 10: that won't get funding now. The beautiful glass Bigonia House

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Speaker 10: at the Botanic Gardens, Corrori Events Center, Frankketts Park, the

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Speaker 10: biggest central city things like Golden Miles, central Library, social

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Speaker 10: housing work on central streets. They're all remaining in the

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Speaker 10: long term plan. A lot of litigation, relitigation, re relitigation

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Speaker 10: at yesterday's meeting. I'm sure Crown Observer Lindsay McKenzie struggle

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Speaker 10: to stay awake. Too many mayors around the table, A

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Speaker 10: one councilor remarks, what's probably more fair to say is

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Speaker 10: many counselors who reckon they could do a better job

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Speaker 10: than the current one, who seems to be considering backtracking

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Speaker 10: on her plans to run again amid a drop in support, that.

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Speaker 4: Poor observer, probably busious COVID would come back.

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Speaker 10: How's the exactly how the mostly fine twenty one Central Thank.

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Speaker 4: You, Neva's and Auckland, Hey, Neva.

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Speaker 13: Greetings, Yes, yes, no you go. I can't believe I'm

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Speaker 13: just listened to you talking about your recycling bags.

440
00:23:31,240 --> 00:23:31,840
Speaker 4: Bad, isn't it?

441
00:23:31,920 --> 00:23:32,480
Speaker 8: So there is?

442
00:23:33,040 --> 00:23:35,720
Speaker 13: And so you do you buy the paper bags.

443
00:23:36,160 --> 00:23:37,840
Speaker 4: Every time, every time.

444
00:23:37,760 --> 00:23:40,320
Speaker 13: I've got to a true story, I have never ever

445
00:23:40,359 --> 00:23:42,280
Speaker 13: bought one. I didn't even know how much they cost

446
00:23:42,280 --> 00:23:46,159
Speaker 13: into forty forty cents because I always have the recycling bags.

447
00:23:46,200 --> 00:23:49,119
Speaker 13: I'm probably the other end. You're good well in the

448
00:23:49,160 --> 00:23:52,720
Speaker 13: boot of my car. I just I've just continued to

449
00:23:53,400 --> 00:23:55,720
Speaker 13: just like I'm a hoarder. I've got so many begs,

450
00:23:55,800 --> 00:23:58,520
Speaker 13: I've got them from Woolworths, I've got New World. And

451
00:23:58,560 --> 00:23:59,919
Speaker 13: then when my friends come and I said, oh give

452
00:23:59,920 --> 00:24:02,560
Speaker 13: me that, give me that recycling bag. Barfoot and Thomson

453
00:24:02,680 --> 00:24:04,960
Speaker 13: all these other shops. I'll give you some of those

454
00:24:05,160 --> 00:24:05,880
Speaker 13: and I use them.

455
00:24:06,160 --> 00:24:08,560
Speaker 4: But what is that doing to the environment? Is that

456
00:24:08,760 --> 00:24:10,479
Speaker 4: worse than having plastic?

457
00:24:10,560 --> 00:24:11,320
Speaker 2: But I don't care.

458
00:24:11,480 --> 00:24:16,919
Speaker 4: Yeah, you're just a horder.

459
00:24:15,040 --> 00:24:17,239
Speaker 13: And I need my The other thing too, is that

460
00:24:17,280 --> 00:24:19,440
Speaker 13: when I go in the end the supermarket, I need

461
00:24:19,480 --> 00:24:22,560
Speaker 13: some strong bags. I've got wine, I've got all sorts

462
00:24:22,600 --> 00:24:24,520
Speaker 13: of these important things, that's the thing. And you can't

463
00:24:24,520 --> 00:24:26,399
Speaker 13: put them in a paper bag barely.

464
00:24:26,440 --> 00:24:28,600
Speaker 4: Put a two liter of milk and one of those

465
00:24:28,640 --> 00:24:33,560
Speaker 4: paper bags. Just what you do shopping? Carry it?

466
00:24:33,680 --> 00:24:37,400
Speaker 3: You carry it like a baby underneath you. Actually, that's

467
00:24:37,480 --> 00:24:40,680
Speaker 3: that's how you have to leave the supermarket. You look ridiculous. No,

468
00:24:40,760 --> 00:24:41,680
Speaker 3: it's not a baby, it's no.

469
00:24:41,960 --> 00:24:44,560
Speaker 13: It'll we way worse. What about coming into the Christmas

470
00:24:44,560 --> 00:24:47,000
Speaker 13: season and we obviously buy more because you've got to

471
00:24:47,000 --> 00:24:48,879
Speaker 13: have a plate of food. You've got friends coming around?

472
00:24:49,000 --> 00:24:50,200
Speaker 13: Or do you not have friends coming around?

473
00:24:50,200 --> 00:24:53,680
Speaker 4: I don't friends around? Very quick? Literally, how much did

474
00:24:53,680 --> 00:24:54,560
Speaker 4: this goldie cost?

475
00:24:55,119 --> 00:24:58,679
Speaker 13: Three point seven million dollars sold at auction? This is

476
00:24:58,720 --> 00:25:02,480
Speaker 13: the Goldie. Now, this is huge because you know the

477
00:25:02,520 --> 00:25:06,080
Speaker 13: bid started at two million. It is the biggest, huge moment.

478
00:25:06,160 --> 00:25:08,680
Speaker 13: I mean It's made New Zealand art history. I think

479
00:25:08,720 --> 00:25:11,960
Speaker 13: the last previous record was a colin mccaarn and that

480
00:25:12,000 --> 00:25:14,920
Speaker 13: was two point four million. So this three point seven mil.

481
00:25:15,320 --> 00:25:16,639
Speaker 9: That's a huge jump.

482
00:25:16,720 --> 00:25:21,280
Speaker 3: That's you can get one goldie or one paperback. How's

483
00:25:21,320 --> 00:25:21,920
Speaker 3: the weather.

484
00:25:22,520 --> 00:25:24,880
Speaker 13: Fine to eighty two?

485
00:25:25,520 --> 00:25:26,320
Speaker 4: Good day to go the.

486
00:25:26,240 --> 00:25:29,040
Speaker 3: Supermarket in the sixteen away from sex and news talk

487
00:25:29,080 --> 00:25:32,840
Speaker 3: sat big All right, morning commute, coffee in hand and

488
00:25:32,960 --> 00:25:35,680
Speaker 3: you're already thinking about that to do list, right, Maybe

489
00:25:35,760 --> 00:25:38,159
Speaker 3: it's finally time to upgrade the couch or get.

490
00:25:38,040 --> 00:25:39,720
Speaker 4: Those appliances sorted. Well.

491
00:25:39,920 --> 00:25:42,800
Speaker 3: Smith's City has you covered. They've been nailing it for

492
00:25:43,040 --> 00:25:45,320
Speaker 3: more than one hundred years. There's still one hundred percent

493
00:25:45,440 --> 00:25:47,880
Speaker 3: key we owned, and they've got everything for your home

494
00:25:47,920 --> 00:25:51,160
Speaker 3: that you could possibly dream of, whether it's trending furniture,

495
00:25:51,240 --> 00:25:54,560
Speaker 3: the traditional comforts of lazy boy beds from New Zealand's

496
00:25:54,560 --> 00:25:58,760
Speaker 3: trusted Sleepy Head brand, or top brand appliances like Samsung, Alga,

497
00:25:58,880 --> 00:26:03,000
Speaker 3: Fisher and pikel And here's the kicker. Their deals are

498
00:26:03,040 --> 00:26:06,040
Speaker 3: insane amazing discounts across the board and if you find

499
00:26:06,080 --> 00:26:08,480
Speaker 3: a better deal someplace else, they'll match at Why waste

500
00:26:08,560 --> 00:26:10,400
Speaker 3: time when Smith City is right there.

501
00:26:10,480 --> 00:26:13,080
Speaker 4: It gets better earn airpoints.

502
00:26:12,600 --> 00:26:14,760
Speaker 3: Dollars while you shop there, dick out your home and

503
00:26:15,000 --> 00:26:17,879
Speaker 3: stack up Phoenix Holiday to Win Win Smith City eighteen

504
00:26:17,880 --> 00:26:20,960
Speaker 3: stores nationwide, including the new Wido park Out Little Shop Online,

505
00:26:20,960 --> 00:26:22,120
Speaker 3: Smith City dot co dot.

506
00:26:22,119 --> 00:26:27,040
Speaker 1: NZ International correspondence with Insi Eye Insurance, Peace of Mind

507
00:26:27,119 --> 00:26:28,480
Speaker 1: for New Zealand Business.

508
00:26:29,000 --> 00:26:31,359
Speaker 3: Talk ocr and a second right now, Kay Oliver Our

509
00:26:31,440 --> 00:26:35,440
Speaker 3: UK Europe Correspondent. The Tories are accusing labor there of pinching,

510
00:26:35,680 --> 00:26:37,040
Speaker 3: stealing their ideas k.

511
00:26:40,520 --> 00:26:43,320
Speaker 14: A new move to get Britain working. The work in

512
00:26:43,440 --> 00:26:47,440
Speaker 14: Pension Secretary Liz Kendall has told MPs and the Commons

513
00:26:47,480 --> 00:26:50,040
Speaker 14: today that they intend to create a new jobs and

514
00:26:50,359 --> 00:26:55,600
Speaker 14: career service connecting to work scheme, but her counterpart, Helen

515
00:26:55,680 --> 00:26:59,480
Speaker 14: Weightley for the Tories said that basically they've just turned

516
00:26:59,520 --> 00:27:03,440
Speaker 14: what was their work well program into their own branding.

517
00:27:03,560 --> 00:27:06,720
Speaker 14: So she's saying she's very pleased that they are making

518
00:27:06,800 --> 00:27:10,359
Speaker 14: these moves forward, but they've had fourteen years to come

519
00:27:10,480 --> 00:27:12,920
Speaker 14: up with their own plans and she think it's quite

520
00:27:13,080 --> 00:27:15,719
Speaker 14: rich of them obviously to steal what they see as

521
00:27:15,800 --> 00:27:19,000
Speaker 14: their own unique ideas. Now this all comes ryan as

522
00:27:19,040 --> 00:27:22,640
Speaker 14: we were saying that a big focus here on youth

523
00:27:22,800 --> 00:27:26,200
Speaker 14: unemployment and eighteen to twenty five year olds have been

524
00:27:26,280 --> 00:27:31,199
Speaker 14: told they have to earn or learn or lose their benefits.

525
00:27:31,760 --> 00:27:34,240
Speaker 14: Now figures show the unemployment at the moment for young

526
00:27:34,320 --> 00:27:37,760
Speaker 14: people here stand at fourteen point eight percent, which is

527
00:27:37,920 --> 00:27:42,280
Speaker 14: up from twelve percent just last year. That Liz Kendall,

528
00:27:42,880 --> 00:27:46,520
Speaker 14: obviously highlighting the changes that they're going to make, said

529
00:27:46,560 --> 00:27:49,280
Speaker 14: that she will be piling more money into what she

530
00:27:49,560 --> 00:27:53,960
Speaker 14: sees as a scheme that will basically encourage and help

531
00:27:54,040 --> 00:27:58,479
Speaker 14: people to find jobs. She feels that what's currently around

532
00:27:58,640 --> 00:28:02,320
Speaker 14: dates back to the nineteen teen, eighties or nineties, and

533
00:28:02,520 --> 00:28:06,600
Speaker 14: this is going to get people basically back into where

534
00:28:06,680 --> 00:28:08,760
Speaker 14: they should be. And there's also going to be more

535
00:28:08,880 --> 00:28:13,040
Speaker 14: money for youth mental health schemes. So it's a big

536
00:28:13,200 --> 00:28:16,200
Speaker 14: package that basically they're designing to try to get people

537
00:28:16,640 --> 00:28:19,359
Speaker 14: off benefits, get them back to work, and make it

538
00:28:19,520 --> 00:28:21,320
Speaker 14: easy to find jobs.

539
00:28:21,440 --> 00:28:23,320
Speaker 3: Well, I suppose at least they have the decency to

540
00:28:23,440 --> 00:28:27,120
Speaker 3: change the name of the program before they stole it. Well, absolutely,

541
00:28:28,320 --> 00:28:31,440
Speaker 3: very quickly, Russia has expelled a British diplomat, accusing him

542
00:28:31,480 --> 00:28:32,320
Speaker 3: of espionage.

543
00:28:32,359 --> 00:28:34,040
Speaker 4: Do we know exactly what he's done.

544
00:28:35,160 --> 00:28:39,720
Speaker 14: Well, No, this is the state news agency has reported.

545
00:28:39,920 --> 00:28:43,880
Speaker 14: This is the country's FSB security service. They are saying

546
00:28:43,920 --> 00:28:46,600
Speaker 14: that the diplomat whose photo has actually been shown on

547
00:28:46,800 --> 00:28:52,680
Speaker 14: TV bulletins, that he's provided false information on his documents

548
00:28:52,880 --> 00:28:56,600
Speaker 14: and carrying out espionage. Now, of course, the Foreign Office

549
00:28:56,680 --> 00:28:59,800
Speaker 14: here are saying this is not the first time the

550
00:29:00,040 --> 00:29:05,360
Speaker 14: Russia has made malicious and baseless accusations against our staff.

551
00:29:05,480 --> 00:29:08,480
Speaker 14: They intend to respond in due case in due course.

552
00:29:09,000 --> 00:29:13,440
Speaker 14: But interestingly, last week it emerged that the UK obviously

553
00:29:13,520 --> 00:29:18,360
Speaker 14: lifted those restrictions on Ukraine using the British supplied storm

554
00:29:18,600 --> 00:29:22,920
Speaker 14: Shadow missiles on targets inside Russia for the first time.

555
00:29:23,320 --> 00:29:25,840
Speaker 14: So it's quite interesting that this has happened at this

556
00:29:26,000 --> 00:29:26,840
Speaker 14: particular time.

557
00:29:27,200 --> 00:29:29,280
Speaker 3: Certainly, yes, Kay, thank you very much for that update.

558
00:29:29,360 --> 00:29:32,040
Speaker 3: That's Kay Oliver, our UK and Europe correspondent, just gone

559
00:29:32,080 --> 00:29:35,520
Speaker 3: ten away from six News Talk CB Ryan Bridge spiks

560
00:29:35,520 --> 00:29:37,480
Speaker 3: story today of course will be the ocr and we

561
00:29:37,680 --> 00:29:40,000
Speaker 3: know that it's going to move down. We just don't

562
00:29:40,040 --> 00:29:42,840
Speaker 3: know by how much will it be twenty five fifty

563
00:29:43,000 --> 00:29:47,880
Speaker 3: seventy five basis points it'll currently if it went sorry,

564
00:29:47,960 --> 00:29:50,480
Speaker 3: fifty basis points, which is what most banks are predicting

565
00:29:50,520 --> 00:29:52,280
Speaker 3: it will do. It would take us to four point

566
00:29:52,320 --> 00:29:57,240
Speaker 3: two five percent. Neutral is three percent, and they reckon

567
00:29:57,280 --> 00:29:59,680
Speaker 3: we'll get to three and a half at some point

568
00:30:00,160 --> 00:30:02,760
Speaker 3: twenty twenty five. And the banks differ on exactly how much.

569
00:30:03,120 --> 00:30:06,680
Speaker 3: My question is, you've got what I think is the

570
00:30:06,800 --> 00:30:10,680
Speaker 3: world's longest summer break, the longest hiatus for a central

571
00:30:10,800 --> 00:30:14,040
Speaker 3: bank in the world. They're not back meeting until February,

572
00:30:14,040 --> 00:30:16,400
Speaker 3: and in that time you have Trump coming to power.

573
00:30:16,800 --> 00:30:19,560
Speaker 3: You've got them promising on day one twenty five percent

574
00:30:19,640 --> 00:30:23,720
Speaker 3: tariffs on Canada, twenty five percent tariffs on Mexico, and

575
00:30:23,800 --> 00:30:26,360
Speaker 3: the old Pesto's taking a hammering overnight, as has the

576
00:30:26,480 --> 00:30:30,200
Speaker 3: Canadian dollar. And then you've got ten percent going on China.

577
00:30:30,480 --> 00:30:34,239
Speaker 3: This will affect the world and our central bank at

578
00:30:34,320 --> 00:30:36,840
Speaker 3: the beach until February.

579
00:30:37,320 --> 00:30:38,040
Speaker 4: What's up with that?

580
00:30:38,560 --> 00:30:42,360
Speaker 3: Anyway, You'll expect a decision later on today, and most

581
00:30:42,480 --> 00:30:45,720
Speaker 3: banks are picking it will be fifty basis points, just

582
00:30:45,800 --> 00:30:49,040
Speaker 3: gone nine minutes away from six here on news Talk,

583
00:30:49,120 --> 00:30:53,040
Speaker 3: said b very quickly. I promised you the Sydney University

584
00:30:53,160 --> 00:30:55,960
Speaker 3: students there are allowed to use AI. This is a

585
00:30:56,120 --> 00:31:00,480
Speaker 3: radical reversal of their cheating policy. They say, cat ulators

586
00:31:00,560 --> 00:31:04,280
Speaker 3: never killed mathematics skills. It's better that we embrace this

587
00:31:04,440 --> 00:31:08,400
Speaker 3: technology and empower students rather than banning it all together.

588
00:31:08,480 --> 00:31:12,080
Speaker 3: So initially they said no AI in your assessments. Now

589
00:31:12,120 --> 00:31:14,160
Speaker 3: they're saying you can use AI. So there you go

590
00:31:14,320 --> 00:31:15,560
Speaker 3: go Figure eight to six.

591
00:31:16,960 --> 00:31:18,440
Speaker 4: Get ahead of the headlines.

592
00:31:18,720 --> 00:31:22,280
Speaker 1: Ryan Bridge, you for twenty twenty four on early edition

593
00:31:22,560 --> 00:31:25,920
Speaker 1: with Smith City, New Zealand, furniture beds and a playing store.

594
00:31:26,080 --> 00:31:26,960
Speaker 4: News Talk zed B.

595
00:31:27,240 --> 00:31:29,120
Speaker 3: Six to six on news Talk said, B So the

596
00:31:29,200 --> 00:31:33,120
Speaker 3: OCR announcement coming today, most banks picking fifty basis points.

597
00:31:33,160 --> 00:31:34,760
Speaker 3: But there's a lot of water to go under the

598
00:31:34,760 --> 00:31:37,480
Speaker 3: bridge before the next meeting in February next year. You've

599
00:31:37,480 --> 00:31:39,800
Speaker 3: got Trump coming in, You've got tariffs.

600
00:31:39,400 --> 00:31:40,080
Speaker 4: On day one.

601
00:31:40,560 --> 00:31:44,600
Speaker 3: Mike Jones is the Benz chief economist. Why not seventy

602
00:31:44,680 --> 00:31:45,640
Speaker 3: five basis points?

603
00:31:46,040 --> 00:31:49,840
Speaker 15: Mike, Yeah, morning, Ryan. Look I can see some of

604
00:31:49,880 --> 00:31:52,800
Speaker 15: the logic for seventy five basis points. I mean, we

605
00:31:53,560 --> 00:31:55,840
Speaker 15: know that the OCA is headed lower after this, we

606
00:31:55,920 --> 00:31:58,760
Speaker 15: know it's going to four central maybe below that, So

607
00:31:58,920 --> 00:32:01,560
Speaker 15: why not just get on with it? The economy needs it,

608
00:32:01,640 --> 00:32:05,280
Speaker 15: after all. But look, I think you know the big Bazooka.

609
00:32:05,360 --> 00:32:07,960
Speaker 15: The seventy five point or larger moves tend to be

610
00:32:08,080 --> 00:32:11,920
Speaker 15: reserved for more crisis type situations, and clearly we're not

611
00:32:12,080 --> 00:32:15,200
Speaker 15: in one of those at the moment that there are

612
00:32:15,280 --> 00:32:18,440
Speaker 15: some signs that the economy is responding to some of

613
00:32:18,520 --> 00:32:21,360
Speaker 15: the rate cap so we've seen today. So no need

614
00:32:21,480 --> 00:32:22,920
Speaker 15: just to sort of scare the horses just yet.

615
00:32:23,080 --> 00:32:27,760
Speaker 4: When do you think we'll get back to neutral? It's

616
00:32:28,160 --> 00:32:28,720
Speaker 4: looking at.

617
00:32:28,600 --> 00:32:31,760
Speaker 15: The moment, and things can obviously change. Like a story

618
00:32:31,920 --> 00:32:35,800
Speaker 15: for mid to late next year, that's what's baked into

619
00:32:35,880 --> 00:32:39,400
Speaker 15: our numbers. Are moved back to that three three and

620
00:32:39,440 --> 00:32:44,320
Speaker 15: a half percent zone for the official cash raiders around

621
00:32:44,400 --> 00:32:46,800
Speaker 15: that neutral area because there's a lot of uncertainty about

622
00:32:47,200 --> 00:32:49,640
Speaker 15: just where neutral is. So I think it's going to

623
00:32:49,680 --> 00:32:53,480
Speaker 15: be a case of moving in that smaller moves next

624
00:32:53,600 --> 00:32:56,000
Speaker 15: year and seeing how the economy responds.

625
00:32:56,120 --> 00:32:58,040
Speaker 3: All right, Mike, thank you very much for that analysis.

626
00:32:58,120 --> 00:33:01,320
Speaker 3: Mike Jones and Ben Z chief economists with us this morning,

627
00:33:01,400 --> 00:33:04,760
Speaker 3: just gone four away from Sex. Ryan Bridge Mike is

628
00:33:04,800 --> 00:33:06,960
Speaker 3: here next. Good morning, Mike, Good to see you. The

629
00:33:07,040 --> 00:33:08,040
Speaker 3: Mike Other Mike.

630
00:33:08,640 --> 00:33:10,880
Speaker 4: Greg Smith is our man on markets.

631
00:33:10,920 --> 00:33:14,640
Speaker 7: He's been arguing very eloquently, I think for a sustained

632
00:33:14,680 --> 00:33:16,240
Speaker 7: period of time. For seventy five.

633
00:33:16,400 --> 00:33:17,760
Speaker 4: Yeah, I think, just go for it.

634
00:33:18,120 --> 00:33:20,520
Speaker 7: Well yeah, I mean the counter argument that is, if

635
00:33:20,560 --> 00:33:23,320
Speaker 7: you overgo for it, then of course inflation rises and

636
00:33:23,360 --> 00:33:24,080
Speaker 7: all that sort of stuff.

637
00:33:24,080 --> 00:33:25,520
Speaker 4: But tell you what I'm telling you.

638
00:33:25,560 --> 00:33:27,600
Speaker 7: My current theme at the moment is I don't think

639
00:33:28,640 --> 00:33:30,680
Speaker 7: things are going as well as people expected them to

640
00:33:30,760 --> 00:33:32,880
Speaker 7: do once they started cutting. So the idea was the

641
00:33:32,920 --> 00:33:35,120
Speaker 7: cuts came in and people were supposed to go, oh, sure,

642
00:33:35,160 --> 00:33:39,480
Speaker 7: it's over exactly, and we haven't. Hence Greg argues seventy

643
00:33:39,520 --> 00:33:42,880
Speaker 7: five because you need something to go. You know, it's

644
00:33:42,880 --> 00:33:43,960
Speaker 7: a bit better than you think it is.

645
00:33:44,080 --> 00:33:47,000
Speaker 4: So you've got Trump coming, and you've got terrorists coming yesterday.

646
00:33:47,000 --> 00:33:49,360
Speaker 7: I mean, the Canadians beside themselves as they as they

647
00:33:49,440 --> 00:33:51,480
Speaker 7: well should be. Indeed, the Mexicans, I mean, the Chinese

648
00:33:51,480 --> 00:33:53,040
Speaker 7: won't be surprised. But I mean, you know, if you're

649
00:33:53,080 --> 00:33:56,440
Speaker 7: in Canada, it's only there's twenty five. Most people think

650
00:33:56,480 --> 00:33:58,440
Speaker 7: that's an stand from his point of view, and it's

651
00:33:58,440 --> 00:33:59,920
Speaker 7: a bargaining, and we'll go back and forward and all.

652
00:34:00,960 --> 00:34:03,080
Speaker 4: He won't be finished at ten percent of China either,

653
00:34:03,080 --> 00:34:05,400
Speaker 4: will he? Mike is here next. Have a great day everyone.

654
00:34:05,440 --> 00:34:08,360
Speaker 4: See Tomorrow The Nest.

655
00:34:12,800 --> 00:34:15,719
Speaker 1: For more from Early Edition with Ryan Bridge. Listen live

656
00:34:15,880 --> 00:34:18,840
Speaker 1: to news talks it'd be from five am weekdays, or

657
00:34:18,960 --> 00:34:20,839
Speaker 1: follow the podcast on iHeartRadio