1 00:00:01,160 --> 00:00:05,320 Speaker 1: The issues, the interviews and the insight. Ryan Bridge on 2 00:00:05,559 --> 00:00:09,280 Speaker 1: earlier edition with one roof love where you live news 3 00:00:09,320 --> 00:00:10,680 Speaker 1: talks'd be good morning. 4 00:00:10,720 --> 00:00:12,600 Speaker 2: It is six after five year on news Talk, said 5 00:00:12,600 --> 00:00:15,880 Speaker 2: be Zelenski is modicators on the move. He's heading to 6 00:00:15,920 --> 00:00:18,000 Speaker 2: the White House and we'll be live to Washington, DC 7 00:00:18,160 --> 00:00:21,440 Speaker 2: for you this morning. This is showdown number two with Trump, Leslie, 8 00:00:21,480 --> 00:00:24,640 Speaker 2: Yeomans and Australia for US shark attack. Another shark attack 9 00:00:24,680 --> 00:00:27,440 Speaker 2: in Australia and beaches are closed there. We'll look at 10 00:00:27,440 --> 00:00:31,080 Speaker 2: what happened a two milk on the Pocono plant purchase 11 00:00:31,280 --> 00:00:35,879 Speaker 2: and should warranties for building work be mandatory? Should we 12 00:00:35,960 --> 00:00:37,519 Speaker 2: force them to do it? We look at that this 13 00:00:37,640 --> 00:00:42,199 Speaker 2: morning at six after five. The agenda, we'll go at 14 00:00:42,200 --> 00:00:44,760 Speaker 2: the White House. We'll give you the rundown. Zolensky goes 15 00:00:44,800 --> 00:00:47,560 Speaker 2: in first for talks with Trump, and then you bring 16 00:00:47,640 --> 00:00:51,199 Speaker 2: in the rest. The gaggle of European leaders that follow Starma, Macron, 17 00:00:51,400 --> 00:00:54,959 Speaker 2: Mertz and the NATO chief Rato will also be in attendance. 18 00:00:55,000 --> 00:00:59,880 Speaker 2: But that's after an initial initial bilat with Zelensky and. 19 00:01:00,760 --> 00:01:04,200 Speaker 3: But President Velnski is trying to convey together with the 20 00:01:04,240 --> 00:01:07,440 Speaker 3: European partners. Then there are the red lines that they 21 00:01:07,440 --> 00:01:11,880 Speaker 3: cannot be on one hand legal recognition of Russian and 22 00:01:11,920 --> 00:01:15,280 Speaker 3: next territories. That there also cannot be a withdrawal of 23 00:01:15,400 --> 00:01:18,600 Speaker 3: Ukrainian troops from its territory. 24 00:01:19,440 --> 00:01:22,399 Speaker 4: I think there is concern that if things go badly, 25 00:01:24,240 --> 00:01:26,640 Speaker 4: it could reach a point of no return really and 26 00:01:26,680 --> 00:01:30,039 Speaker 4: a bust up potentially between America and its western allies, 27 00:01:30,040 --> 00:01:32,080 Speaker 4: which would be a very very significant situation. 28 00:01:32,360 --> 00:01:34,960 Speaker 2: Right. Li's taking on Gaza Hamas is that to approved 29 00:01:35,000 --> 00:01:37,960 Speaker 2: the latest ceasefire plan. This is a sixty day truce 30 00:01:38,800 --> 00:01:41,800 Speaker 2: and hostages released in two stages. 31 00:01:41,680 --> 00:01:45,480 Speaker 5: And then there would be negotiations during this period ongoing 32 00:01:45,600 --> 00:01:48,040 Speaker 5: for a permanent end to the war. That was the 33 00:01:48,120 --> 00:01:51,880 Speaker 5: proposal put forward by Steve Wikoff earlier this year. We 34 00:01:51,960 --> 00:01:55,560 Speaker 5: understand from Palisinine officials familiar with the talks that it 35 00:01:55,640 --> 00:01:58,680 Speaker 5: is the proposal that has formed the basis of what 36 00:01:59,400 --> 00:02:01,600 Speaker 5: Hamas agreed to today. 37 00:02:02,640 --> 00:02:04,920 Speaker 2: You can't help but feel a bit groundhold day about 38 00:02:04,920 --> 00:02:08,120 Speaker 2: all of us, can you? With ceasefires and then Seasi 39 00:02:08,240 --> 00:02:10,760 Speaker 2: is broken and then we're back to negotiating tables, but 40 00:02:10,960 --> 00:02:14,280 Speaker 2: talks of talks. The Cambridge Dictionaries added more than six 41 00:02:14,360 --> 00:02:16,640 Speaker 2: thousand new words this year, or at least that's what 42 00:02:16,680 --> 00:02:21,640 Speaker 2: it's calling them. New words include skibbidi, skibbity this is 43 00:02:21,639 --> 00:02:25,000 Speaker 2: thanks to a bizarre YouTube trend, and delully an abbreviation 44 00:02:25,080 --> 00:02:27,800 Speaker 2: of delusional. My grandma used to say, do lali, but 45 00:02:27,919 --> 00:02:30,800 Speaker 2: there you go. Delully is now an official word. A 46 00:02:30,840 --> 00:02:34,919 Speaker 2: delulu rather, and trad wife this is your old schoolhousewife 47 00:02:34,960 --> 00:02:37,120 Speaker 2: who cooks and cleans and posts on social media. 48 00:02:38,880 --> 00:02:41,400 Speaker 1: The first word on the News of the Day early 49 00:02:41,600 --> 00:02:45,480 Speaker 1: edition with Ryan Bridge and One Root Love where you 50 00:02:45,560 --> 00:02:46,600 Speaker 1: Live news. 51 00:02:46,400 --> 00:02:48,639 Speaker 2: Talks that'd be I wouldn't mind meant a tradwife. Myself 52 00:02:48,760 --> 00:02:51,079 Speaker 2: looks quite quite chilled, doesn't it. I mean you've gotta 53 00:02:51,080 --> 00:02:53,560 Speaker 2: have babies. I suppose that's the only thing just got. 54 00:02:53,639 --> 00:02:56,359 Speaker 2: Nine minutes after five news talks, there'd be Arnzed is 55 00:02:56,440 --> 00:02:58,679 Speaker 2: running as stories at the moment about a guy who 56 00:02:58,720 --> 00:03:03,440 Speaker 2: reckons that a particular ethnic group should get automatic citizenship 57 00:03:03,480 --> 00:03:06,160 Speaker 2: to this country, even if they're born overseas, and even 58 00:03:06,240 --> 00:03:09,960 Speaker 2: if their parents were also born outside New Zealand. This 59 00:03:10,000 --> 00:03:14,919 Speaker 2: guy is Marty. He has Marty ancestry, but himself he 60 00:03:14,960 --> 00:03:18,000 Speaker 2: was born in Australia. His kids, they were born in 61 00:03:18,040 --> 00:03:21,560 Speaker 2: Hawaii and he decides to move to New Zealand with 62 00:03:21,639 --> 00:03:26,160 Speaker 2: them and says, because they have Marty ancestry, they should 63 00:03:26,280 --> 00:03:29,119 Speaker 2: automatically be given citizenship. He shouldn't have to go through 64 00:03:29,120 --> 00:03:32,240 Speaker 2: the process. In other words, you know, not jump through 65 00:03:32,280 --> 00:03:34,440 Speaker 2: the hoops that everybody else would have to jump through 66 00:03:34,480 --> 00:03:37,640 Speaker 2: to apply for citizenship. And I was thinking about this 67 00:03:37,760 --> 00:03:41,040 Speaker 2: driving into work this morning, because it seems it seems 68 00:03:41,080 --> 00:03:44,600 Speaker 2: a little unfair. Aren't we all Kiwi's or not Kiwi's 69 00:03:44,680 --> 00:03:47,840 Speaker 2: based on where we're born and where our parents are born. 70 00:03:48,520 --> 00:03:51,440 Speaker 2: If a parent is a Kiwi citizen, then the kids 71 00:03:51,480 --> 00:03:54,840 Speaker 2: can become citizens too by descent. Right. You've got to apply, 72 00:03:55,000 --> 00:03:58,280 Speaker 2: but it's pretty much a foregone conclusion. But in this case, 73 00:03:58,400 --> 00:04:01,920 Speaker 2: he's not. He's applying for residency himself, so he's not 74 00:04:01,960 --> 00:04:05,840 Speaker 2: a citizen. And this is interesting because I'm a dual citizen. 75 00:04:05,920 --> 00:04:09,680 Speaker 2: I have an Irish passport. My parents weren't born in Ireland, 76 00:04:09,880 --> 00:04:13,960 Speaker 2: but my grandfather was and he sailed here to start 77 00:04:14,000 --> 00:04:16,120 Speaker 2: a life in a family and a business, et cetera. 78 00:04:16,360 --> 00:04:20,560 Speaker 2: So I have an Irish passport, but my parents weren't 79 00:04:20,560 --> 00:04:24,480 Speaker 2: born there, so there is precedent for the test going 80 00:04:24,640 --> 00:04:29,400 Speaker 2: back further. I your grandparent was Kiwi, then doesn't matter 81 00:04:29,400 --> 00:04:31,599 Speaker 2: whether you where your parents are born. You can get 82 00:04:31,600 --> 00:04:34,479 Speaker 2: an open door, welcome kyolder come through the door. But 83 00:04:35,120 --> 00:04:38,839 Speaker 2: what this guy is asking for is not that, because 84 00:04:38,839 --> 00:04:41,880 Speaker 2: that applies to any Irish citizen. It's based on not 85 00:04:42,000 --> 00:04:45,880 Speaker 2: based on on blood or ethnicity. Surely, if you want 86 00:04:45,920 --> 00:04:49,040 Speaker 2: to change the rules to make the tests go further 87 00:04:49,160 --> 00:04:52,200 Speaker 2: up the family tree, then fine, but you can't. Surely 88 00:04:52,279 --> 00:04:59,560 Speaker 2: you can't do that only for certain ethnicities. Government made 89 00:04:59,560 --> 00:05:03,359 Speaker 2: some big well announced some big changes and won't happen 90 00:05:03,360 --> 00:05:05,760 Speaker 2: to the middle of the next year. For building, what 91 00:05:05,800 --> 00:05:07,240 Speaker 2: does this mean if you're going to build a house 92 00:05:07,279 --> 00:05:09,359 Speaker 2: and you're going to pick a builder, what does this 93 00:05:09,480 --> 00:05:12,680 Speaker 2: mean for you? And should they be forced to get 94 00:05:13,320 --> 00:05:17,200 Speaker 2: warranty industry backed warranties and insurance. We'll look at that next. 95 00:05:17,240 --> 00:05:18,440 Speaker 2: News Talk ZB. 96 00:05:19,720 --> 00:05:23,400 Speaker 1: Get ahead of the Headlines on early edition with Ryan 97 00:05:23,440 --> 00:05:27,359 Speaker 1: Branch and one roof Love Where You Live, News Talks B. 98 00:05:27,520 --> 00:05:29,720 Speaker 2: Five perteen on News Talksbill Get to your texts in 99 00:05:29,760 --> 00:05:32,360 Speaker 2: a second. Freightways had a good result, well, a solid 100 00:05:32,360 --> 00:05:35,520 Speaker 2: result yesterday. They're cutting down debts, their margins are up, 101 00:05:35,960 --> 00:05:38,920 Speaker 2: their market share is up there year to June. This 102 00:05:39,000 --> 00:05:41,520 Speaker 2: is versus the year prior net profit eighty million. That's 103 00:05:41,560 --> 00:05:44,640 Speaker 2: up from seventy point nine revenue one point twenty nine billion, 104 00:05:44,720 --> 00:05:47,120 Speaker 2: that's up from one point two to one billion. The 105 00:05:47,200 --> 00:05:50,279 Speaker 2: year prior final dividend for your shareholders twenty one cents 106 00:05:50,279 --> 00:05:55,360 Speaker 2: per year v. Nineteen cents per year. It's courier's post 107 00:05:55,360 --> 00:05:58,920 Speaker 2: taste distribution, big chill distribution. You might have seen those 108 00:05:58,960 --> 00:06:03,240 Speaker 2: trucks around, so they've done well given the circumstances that 109 00:06:03,279 --> 00:06:05,400 Speaker 2: we're in, and I'll have more on that later in 110 00:06:05,440 --> 00:06:08,320 Speaker 2: the show too. But lower debt means you're not paying 111 00:06:08,320 --> 00:06:10,480 Speaker 2: as much interest, does it, which is always good for business. 112 00:06:10,480 --> 00:06:12,960 Speaker 2: We'll look at a two milk just before around five 113 00:06:13,040 --> 00:06:17,159 Speaker 2: twenty this morning too, Just gone fourteen, after local councils 114 00:06:17,200 --> 00:06:20,359 Speaker 2: set to save some cashes, the government scraps building consent rules. 115 00:06:20,400 --> 00:06:23,479 Speaker 2: Building Minister Chris Penk says councils are reluctant to grant 116 00:06:23,520 --> 00:06:27,000 Speaker 2: building consents because they're the ones responsible to pay the 117 00:06:27,000 --> 00:06:29,960 Speaker 2: building owner if a construction company goes bally up. Now 118 00:06:30,040 --> 00:06:33,039 Speaker 2: each party is liable for only the work that they 119 00:06:33,080 --> 00:06:36,640 Speaker 2: were responsible for. That's the change they're pushing for it's proportional. 120 00:06:36,680 --> 00:06:39,279 Speaker 2: Malcolm Fleming, Certified Builders CEO with me this morning. Malcolm, 121 00:06:39,279 --> 00:06:42,880 Speaker 2: good morning, Good morning Ryan. So what proportion of builders 122 00:06:42,880 --> 00:06:46,560 Speaker 2: do you recton currently don't have aren't covered by a 123 00:06:46,880 --> 00:06:50,760 Speaker 2: warranty like an industry backed warranty, or have insurance. 124 00:06:53,760 --> 00:06:56,080 Speaker 6: So if we look at the minister's announcement, he talks 125 00:06:56,120 --> 00:07:02,080 Speaker 6: about exploring two things, professional and dimly insurance and home warranties. Now, 126 00:07:02,200 --> 00:07:07,400 Speaker 6: professional insurance and demanly insurance is covered by what is 127 00:07:07,400 --> 00:07:10,800 Speaker 6: available to the architects, the quality surveyors, the engineers, et cetera. 128 00:07:11,160 --> 00:07:13,320 Speaker 6: That's already in the market. The piece that he's looking 129 00:07:13,360 --> 00:07:17,960 Speaker 6: at is home warranties and that is provided by a 130 00:07:18,040 --> 00:07:21,800 Speaker 6: portion of the market. And so also insurance is a 131 00:07:21,880 --> 00:07:25,520 Speaker 6: guess probably about sixty percent of the market is covered 132 00:07:25,520 --> 00:07:25,920 Speaker 6: by it. 133 00:07:26,240 --> 00:07:28,960 Speaker 2: Right, So for the other forty percent, if something you 134 00:07:29,040 --> 00:07:34,680 Speaker 2: know of my wall caves in, what happens. 135 00:07:34,160 --> 00:07:36,960 Speaker 6: For those who are not covered by it? They're left 136 00:07:37,120 --> 00:07:40,520 Speaker 6: to the homeowners, therefore dealing the builder if they're around, 137 00:07:40,600 --> 00:07:42,600 Speaker 6: getting them back to fix it. If they're not around, 138 00:07:42,600 --> 00:07:44,240 Speaker 6: they got a longer term problem. 139 00:07:44,840 --> 00:07:47,520 Speaker 2: So this is looking to go to proportional so whoever 140 00:07:47,840 --> 00:07:51,760 Speaker 2: did it badly pays for it their share of that. 141 00:07:52,320 --> 00:07:53,040 Speaker 2: Is that a good one? 142 00:07:53,080 --> 00:07:53,480 Speaker 6: Correctly? 143 00:07:53,640 --> 00:07:54,120 Speaker 2: Yes. 144 00:07:54,480 --> 00:07:56,880 Speaker 6: At the moment, we've got joint and several so everybody's 145 00:07:56,880 --> 00:08:00,520 Speaker 6: bound together to take one hundred percent of the loss 146 00:08:00,760 --> 00:08:03,480 Speaker 6: in the case of an issue arising on a building project. 147 00:08:03,760 --> 00:08:09,280 Speaker 6: So if, for example, when a claim comes forward, if 148 00:08:09,280 --> 00:08:11,480 Speaker 6: one of the player is not there and it could 149 00:08:11,480 --> 00:08:13,800 Speaker 6: be the architect, it could be the builder, the rest 150 00:08:13,880 --> 00:08:17,400 Speaker 6: of those, including the council, needs to pull together to 151 00:08:17,600 --> 00:08:22,400 Speaker 6: cover that's part of the claim where the builder or 152 00:08:22,400 --> 00:08:25,280 Speaker 6: the architect, whomever is not there. What this talks about 153 00:08:25,320 --> 00:08:29,200 Speaker 6: is making it very clear that the assessed proportion which 154 00:08:29,240 --> 00:08:32,240 Speaker 6: is liable to each party is a tribute to each party. 155 00:08:32,240 --> 00:08:34,800 Speaker 6: It must be met byage party. The piece that's been 156 00:08:34,840 --> 00:08:39,200 Speaker 6: missing over the decades that this has been running is 157 00:08:39,320 --> 00:08:44,120 Speaker 6: the building warranty insurance. Builders can't keep professional indemnity insurance 158 00:08:44,160 --> 00:08:48,160 Speaker 6: which covers all their projects. So a build consumer product 159 00:08:48,400 --> 00:08:51,720 Speaker 6: like a guarantee which applies to the house is the 160 00:08:51,720 --> 00:08:54,640 Speaker 6: best way forward. And the good news is that there's 161 00:08:55,600 --> 00:08:58,679 Speaker 6: those products here in the market. There is the Association 162 00:08:59,000 --> 00:09:03,080 Speaker 6: backed to Get guarantees NGCB, new ZULM, CIFI, builders how 163 00:09:03,160 --> 00:09:05,880 Speaker 6: to guarantee, and the master will guarantee for the master builders. 164 00:09:05,920 --> 00:09:08,520 Speaker 6: And there's also an insurance product out there as well 165 00:09:08,920 --> 00:09:10,160 Speaker 6: for building garranty insurance. 166 00:09:10,240 --> 00:09:12,720 Speaker 2: Malcolm. The Aussies went proportional in the nineties and they 167 00:09:12,760 --> 00:09:16,559 Speaker 2: mandated these warranties that you're talking about. If we mandated 168 00:09:16,600 --> 00:09:19,200 Speaker 2: them here, would that mean we're going to pay more 169 00:09:19,200 --> 00:09:20,680 Speaker 2: for our building work, our housing. 170 00:09:21,920 --> 00:09:25,280 Speaker 6: So they mandated in Australia and that's the key. The 171 00:09:25,480 --> 00:09:28,360 Speaker 6: insurance must be mandated. It will be a cost that 172 00:09:28,440 --> 00:09:32,200 Speaker 6: gets passed on for homeowner. To give some context around that, 173 00:09:32,720 --> 00:09:35,240 Speaker 6: say for a five hundred thousand dollars renovation, which is 174 00:09:35,280 --> 00:09:38,880 Speaker 6: pretty standard these days, the cost of a guarantee product 175 00:09:39,200 --> 00:09:42,160 Speaker 6: is in the order of fifteen hundred dollars. If you 176 00:09:42,320 --> 00:09:46,120 Speaker 6: don't mandate it, it won't be picked up and there 177 00:09:46,160 --> 00:09:48,760 Speaker 6: won't be any cover there for the homeowner in case 178 00:09:48,840 --> 00:09:49,440 Speaker 6: things go wrong. 179 00:09:49,559 --> 00:09:52,920 Speaker 2: Roger Malcolm got that. Thank you. Malcolm Fleming, Certified Builders, 180 00:09:53,000 --> 00:09:56,040 Speaker 2: Chief Executive. Eighteen minutes after five nine two ninety two 181 00:09:56,080 --> 00:09:57,640 Speaker 2: is the numbers text, Well, look at a two milk 182 00:09:57,720 --> 00:09:59,480 Speaker 2: next on. 183 00:09:59,520 --> 00:10:03,640 Speaker 1: Your ready and online. On Iheard Radio Early edition with 184 00:10:03,880 --> 00:10:08,360 Speaker 1: Ryan Bridge and one roof love where you live, news talks, there'd. 185 00:10:08,240 --> 00:10:10,480 Speaker 2: Be five twenty on news talks. Hed B I can 186 00:10:10,520 --> 00:10:14,280 Speaker 2: confirm to you from Washington, DC that Zelenski and Trump 187 00:10:14,360 --> 00:10:16,760 Speaker 2: are sitting down together in the Oval Office. They are 188 00:10:17,120 --> 00:10:19,040 Speaker 2: just taking photos with the press at the moment. They 189 00:10:19,080 --> 00:10:21,160 Speaker 2: will then get down to talks and they will talk 190 00:10:21,280 --> 00:10:24,000 Speaker 2: for an hour or two at all. JAD advances in 191 00:10:24,040 --> 00:10:27,360 Speaker 2: the room. Look out, says Marco Rubio. That all, and 192 00:10:27,400 --> 00:10:29,760 Speaker 2: there's Heggseeth and there as well a bunch of reporters 193 00:10:29,800 --> 00:10:33,480 Speaker 2: that oh, they're asking questions already, So straight into it. 194 00:10:33,840 --> 00:10:36,199 Speaker 2: We'll bring you the latest from the White House as 195 00:10:36,200 --> 00:10:39,040 Speaker 2: it comes to hand. Course, and after all of this, 196 00:10:39,200 --> 00:10:42,040 Speaker 2: after the by letter, you have a multilateral where the 197 00:10:42,120 --> 00:10:44,320 Speaker 2: European leaders A will come in and have their say. 198 00:10:44,320 --> 00:10:47,800 Speaker 2: Two twenty one, after five good day for a two 199 00:10:47,880 --> 00:10:51,120 Speaker 2: milk shareholders. Company posts two hundred million dollar profit for 200 00:10:51,160 --> 00:10:55,040 Speaker 2: twenty five announced they're getting ready to turbocharge production. This 201 00:10:55,200 --> 00:10:57,880 Speaker 2: is the purchase of a plant in Pocono. This is 202 00:10:57,960 --> 00:11:01,520 Speaker 2: for three hundred million bucks. Pocono, PA has two registrations 203 00:11:01,559 --> 00:11:04,520 Speaker 2: to sell infant formula in China. This isn't clearly an 204 00:11:04,520 --> 00:11:06,840 Speaker 2: area that a two seeds is a growth market. Matt's 205 00:11:06,960 --> 00:11:09,600 Speaker 2: Montgomery is for sith By analyst with me this morning. Matt, 206 00:11:09,600 --> 00:11:13,920 Speaker 2: good morning, good morning, great to have you here. This 207 00:11:14,320 --> 00:11:18,360 Speaker 2: market reaction, some strong results for them, and also a 208 00:11:18,400 --> 00:11:20,680 Speaker 2: lot of trust in their management here obviously. 209 00:11:21,640 --> 00:11:24,600 Speaker 7: Yeah, that's right. I think in the context of numerous 210 00:11:24,600 --> 00:11:27,320 Speaker 7: New Zealand corporates over the last couple of years a two, 211 00:11:28,080 --> 00:11:32,880 Speaker 7: it has stood out, I mean consistently exceeding expectations despite 212 00:11:33,320 --> 00:11:37,000 Speaker 7: operating in what is a relatively tough in formula market 213 00:11:37,040 --> 00:11:41,560 Speaker 7: in China. And you know, the decision yesterday to acquire 214 00:11:41,600 --> 00:11:45,520 Speaker 7: the Plants and Pocono sort of one quite big step 215 00:11:45,600 --> 00:11:47,840 Speaker 7: in continuing that growth pathway. 216 00:11:48,080 --> 00:11:50,800 Speaker 2: You said, it's a tough market for infant formula in China, 217 00:11:50,840 --> 00:11:54,720 Speaker 2: they've got an aging population. Is this a growth market? 218 00:11:55,920 --> 00:12:00,560 Speaker 7: Well, the market itself is flat to slightly down the time, 219 00:12:00,640 --> 00:12:04,480 Speaker 7: but birth rates did increase last year, so you're seeing 220 00:12:04,480 --> 00:12:06,720 Speaker 7: a little bit of an air pocket of growth in 221 00:12:06,760 --> 00:12:10,280 Speaker 7: the very short term. But Eights have been taking markets 222 00:12:10,280 --> 00:12:15,800 Speaker 7: share consistently across both their Chinese and English label formula products. 223 00:12:15,840 --> 00:12:21,400 Speaker 7: So the market itself is relatively challenging, but their execution 224 00:12:21,520 --> 00:12:24,240 Speaker 7: has been very impressive for a few years. 225 00:12:24,000 --> 00:12:28,120 Speaker 2: Now, can you sell milk to the old and aging population? 226 00:12:29,920 --> 00:12:33,320 Speaker 7: Well, yeah, they have been diversifying the business. So if 227 00:12:33,400 --> 00:12:36,520 Speaker 7: you think back five years ago, it was principally an 228 00:12:36,960 --> 00:12:41,000 Speaker 7: formula play in China, but they have been diversifying the 229 00:12:41,080 --> 00:12:45,080 Speaker 7: business into other nutritionals. So that selling senior milk powers 230 00:12:45,080 --> 00:12:48,160 Speaker 7: and that's been a division growing at sort of thirty 231 00:12:48,160 --> 00:12:51,280 Speaker 7: percent plus. So you're trying to stretch the brand, I 232 00:12:51,280 --> 00:12:56,280 Speaker 7: guess if you will into other skews smaller today, but 233 00:12:57,200 --> 00:12:59,880 Speaker 7: you have another small growth angle for the business. 234 00:13:00,040 --> 00:13:02,160 Speaker 2: Trunk of change they paid for Pocono. 235 00:13:03,040 --> 00:13:06,240 Speaker 7: Yeah, two eighty two as it value is around two 236 00:13:06,240 --> 00:13:10,240 Speaker 7: point fifty. But you know, the company reported net cash 237 00:13:10,280 --> 00:13:15,000 Speaker 7: of just over a billion dollars yesterday, so they haven't 238 00:13:15,040 --> 00:13:17,200 Speaker 7: been short of change, and that's allowed them to return 239 00:13:17,240 --> 00:13:20,840 Speaker 7: a three hundred million dollars special dividend to shareholders yesterday 240 00:13:20,840 --> 00:13:25,520 Speaker 7: and we see the scope for more distributions to shareholders 241 00:13:25,559 --> 00:13:28,920 Speaker 7: over the next few years. So yeah, the free cashlor 242 00:13:29,040 --> 00:13:31,560 Speaker 7: generation and the business over a long time's allowed them 243 00:13:31,600 --> 00:13:32,480 Speaker 7: to be in this position. 244 00:13:32,800 --> 00:13:34,600 Speaker 2: Good to see an ambitious company well run. 245 00:13:35,559 --> 00:13:37,560 Speaker 7: Yes, indeed, management's doing a good job. 246 00:13:37,840 --> 00:13:40,320 Speaker 2: Matt, appreciate your time. Matt Montgomery for sith Bar Senior 247 00:13:40,320 --> 00:13:42,040 Speaker 2: ans with me on A two this morning twenty four 248 00:13:42,080 --> 00:13:45,040 Speaker 2: minutes alfter five year on News Talk sad B. So Yes, 249 00:13:45,080 --> 00:13:47,160 Speaker 2: Trump Zelenski are at the White House. Will cross to 250 00:13:47,280 --> 00:13:50,280 Speaker 2: Nick Harper Future Story News. He's in Washington, DC, he's 251 00:13:50,280 --> 00:13:52,280 Speaker 2: our man, He's with us before six o'clock this morning. 252 00:13:52,280 --> 00:13:55,599 Speaker 2: We'll also get to Australia next though. I'll give you 253 00:13:55,640 --> 00:13:58,480 Speaker 2: an update on just a few things the government's doing 254 00:13:58,520 --> 00:13:59,840 Speaker 2: that they probably shouldn't. 255 00:14:00,120 --> 00:14:04,120 Speaker 1: The early edition full show podcast on Ihart Radio Power 256 00:14:04,280 --> 00:14:04,960 Speaker 1: by News. 257 00:14:04,720 --> 00:14:08,520 Speaker 2: Talks B News Talks B. It is twenty six minutes 258 00:14:08,559 --> 00:14:13,840 Speaker 2: after five. This coalition needs to tighten its agenda as 259 00:14:13,840 --> 00:14:16,120 Speaker 2: well as it's belt. In the last week, we've had 260 00:14:16,679 --> 00:14:20,880 Speaker 2: a smorgas board of small, seemingly minor stories hitting their headlines. 261 00:14:20,920 --> 00:14:23,960 Speaker 2: You know, helmets or no helmets for cyclists, for goodness sakes, 262 00:14:24,280 --> 00:14:27,280 Speaker 2: which name comes first on the cover of your passport, 263 00:14:27,960 --> 00:14:30,240 Speaker 2: a ban and then a reversal on a ban on 264 00:14:30,360 --> 00:14:33,960 Speaker 2: marshmallows and hot chocolates from the coffee machine at hospitals. 265 00:14:34,720 --> 00:14:38,160 Speaker 2: Not a single one of these stories is significant on 266 00:14:38,200 --> 00:14:40,800 Speaker 2: their own in and of themselves, but the kind of 267 00:14:40,840 --> 00:14:44,880 Speaker 2: stories that people remember because they either make no sense 268 00:14:45,360 --> 00:14:47,440 Speaker 2: or they appear to be a colossal waste of time. 269 00:14:47,520 --> 00:14:50,520 Speaker 2: Most working families can't afford to even use their passports 270 00:14:50,600 --> 00:14:55,120 Speaker 2: right now a Hawaiian holiday. No, the only ones actually 271 00:14:55,160 --> 00:14:57,880 Speaker 2: dusting off their passports right now are probably moving across 272 00:14:58,040 --> 00:15:01,040 Speaker 2: to the ditch across the Tasman. Is this the stuff 273 00:15:01,080 --> 00:15:05,240 Speaker 2: that your average punter wanting to feed their kids actually 274 00:15:05,280 --> 00:15:08,560 Speaker 2: cares about? The answers, of course, No. The Clark government 275 00:15:08,560 --> 00:15:11,040 Speaker 2: got bogged down by a bunch of these silly little things. 276 00:15:11,280 --> 00:15:14,720 Speaker 2: I think size of shower heads, size of light bulbs, 277 00:15:14,760 --> 00:15:18,040 Speaker 2: Remember that fiasco. Instead of asking officials where the little 278 00:15:18,080 --> 00:15:20,440 Speaker 2: Johnny should be allowed to ride a bike without a helmet, 279 00:15:20,560 --> 00:15:23,640 Speaker 2: something that no decent parent would allow anyway, why not 280 00:15:23,760 --> 00:15:26,400 Speaker 2: keep your eyes on the big stuff. No shortage of 281 00:15:26,440 --> 00:15:30,000 Speaker 2: that around. Yesterday Fitch warned our Doba plus credit rating 282 00:15:30,000 --> 00:15:33,080 Speaker 2: could be at risk if we get slack on fiscal discipline. 283 00:15:33,520 --> 00:15:36,320 Speaker 2: If we see a further correction in the housing market, 284 00:15:36,360 --> 00:15:39,480 Speaker 2: which isn't completely off the cards, we see employments spike 285 00:15:39,560 --> 00:15:43,440 Speaker 2: up again, also not out of the woods yet. Come on, 286 00:15:43,760 --> 00:15:47,520 Speaker 2: we have big fish to fry. It's not that this 287 00:15:47,560 --> 00:15:50,400 Speaker 2: coalition is not focused on these things, of course, certainly 288 00:15:50,400 --> 00:15:52,760 Speaker 2: more focused on them than the last one. It's just 289 00:15:52,800 --> 00:15:54,960 Speaker 2: that there's a bit too much noise around on little 290 00:15:54,960 --> 00:15:57,720 Speaker 2: things that don't actually matter to the swinging middle that 291 00:15:57,840 --> 00:16:00,600 Speaker 2: national needs if they want to finish the big jobs 292 00:16:00,640 --> 00:16:04,120 Speaker 2: that they've set out to achieve. Distraction is the enemy 293 00:16:04,200 --> 00:16:09,440 Speaker 2: of progress. Passports and helmets are distractions, and lately there 294 00:16:09,440 --> 00:16:12,840 Speaker 2: have been a few too many of them. You're on 295 00:16:12,880 --> 00:16:16,320 Speaker 2: news Talk, said b Right now, Donald Trump and lotimeres 296 00:16:16,440 --> 00:16:18,680 Speaker 2: Lensky is sitting side by side in the Oval office 297 00:16:18,680 --> 00:16:21,400 Speaker 2: in the White House and taking questions from reporters. We'll 298 00:16:21,440 --> 00:16:24,400 Speaker 2: have the latest, of course news coming up shortly, and 299 00:16:24,440 --> 00:16:27,120 Speaker 2: we'll have some audio for you after that. We're also 300 00:16:27,120 --> 00:16:29,760 Speaker 2: going to speak to our reporter Nick Harper. He's feature 301 00:16:29,760 --> 00:16:33,360 Speaker 2: story News in Washington, DC this morning about exactly what 302 00:16:33,400 --> 00:16:36,000 Speaker 2: they're going to be discussing, what's on the table, and 303 00:16:36,080 --> 00:16:39,480 Speaker 2: the initial reactions to their comments that have been made 304 00:16:39,480 --> 00:16:43,520 Speaker 2: this morning. Some interesting numbers. Do I have time, No, 305 00:16:43,600 --> 00:16:45,160 Speaker 2: I don't. I'll give it to you when I get back. 306 00:16:45,240 --> 00:16:48,320 Speaker 2: This is from the services sector yesterday makes up two 307 00:16:48,360 --> 00:16:52,200 Speaker 2: thirds of our economy. Actually, I can do it now, 308 00:16:52,840 --> 00:16:55,680 Speaker 2: makes up two thirds of our GDP the services sector, 309 00:16:55,720 --> 00:16:58,960 Speaker 2: and we had remember a good manufacturing number. On Friday, 310 00:16:59,160 --> 00:17:02,800 Speaker 2: we had positive of we're in growth territory manufacturing wives 311 00:17:02,840 --> 00:17:06,680 Speaker 2: for July fifty two point eight. That's expansion territory services 312 00:17:06,720 --> 00:17:08,800 Speaker 2: sector yesterday, big chunk of the economy. 313 00:17:08,880 --> 00:17:09,160 Speaker 8: July. 314 00:17:09,520 --> 00:17:13,119 Speaker 2: Well, we're still going backwards but slowly improving forty eight 315 00:17:13,200 --> 00:17:15,600 Speaker 2: point nine. Remember you've got to hit fifty to be positive, 316 00:17:16,080 --> 00:17:19,240 Speaker 2: so that is good news. To get the growth that 317 00:17:19,320 --> 00:17:21,880 Speaker 2: the Reserve Bank reckons we're going to get. They both 318 00:17:21,960 --> 00:17:26,560 Speaker 2: need to be hitting fifty three, so we watch these closely. 319 00:17:27,040 --> 00:17:29,960 Speaker 2: You're on news Talk, said B. Twenty nine after five. 320 00:17:35,640 --> 00:17:38,960 Speaker 1: Views and views you trust to start your day. It's 321 00:17:39,080 --> 00:17:43,200 Speaker 1: early edition with Bryan Bridge and one roof love where 322 00:17:43,200 --> 00:17:43,600 Speaker 1: you live. 323 00:17:43,840 --> 00:17:52,600 Speaker 2: News Talk said B. Good morning, it is twenty four 324 00:17:52,640 --> 00:17:55,240 Speaker 2: away from six. It is Tuesday. You're on news Talk, 325 00:17:55,280 --> 00:17:57,119 Speaker 2: said B. Great to have your company coming up in 326 00:17:57,160 --> 00:17:59,280 Speaker 2: the next week. While we'll look at the Fitch on 327 00:17:59,359 --> 00:18:01,840 Speaker 2: our credit r This is for our government credit rating 328 00:18:01,880 --> 00:18:04,520 Speaker 2: here in New Zealand, Australia. There's a shark attack. We'll 329 00:18:04,560 --> 00:18:07,639 Speaker 2: talk to Leslie Gooman about that. And our correspondent is 330 00:18:07,640 --> 00:18:11,240 Speaker 2: in DC for this Trump Zelensky meeting. They are currently 331 00:18:11,320 --> 00:18:15,919 Speaker 2: sitting together in the Oval office smiling, so very different 332 00:18:15,960 --> 00:18:18,560 Speaker 2: from last time. There are smiles on their faces this time, 333 00:18:18,600 --> 00:18:21,200 Speaker 2: which hopefully is a good sign. This is what they've 334 00:18:21,200 --> 00:18:22,040 Speaker 2: had to say so far. 335 00:18:22,640 --> 00:18:24,359 Speaker 1: We had a good meeting, as you know, just as 336 00:18:24,400 --> 00:18:26,840 Speaker 1: shured while ago, with the President of Russia. 337 00:18:26,880 --> 00:18:29,920 Speaker 2: And I think there's a possibility that something could come 338 00:18:29,920 --> 00:18:32,920 Speaker 2: out of it, and today's meeting is very important. Now 339 00:18:33,359 --> 00:18:37,440 Speaker 2: Zelensky is asked by a reporter would you consider seeding territory? 340 00:18:37,840 --> 00:18:40,040 Speaker 2: All the European leaders are outside by the way waiting 341 00:18:40,080 --> 00:18:41,760 Speaker 2: to come in, so they have a bilap first and 342 00:18:41,760 --> 00:18:44,920 Speaker 2: then you bring in your gaggle of Europeans. So he's 343 00:18:44,960 --> 00:18:48,600 Speaker 2: asked directly by a journalist, would you consider seeding territory 344 00:18:48,640 --> 00:18:50,679 Speaker 2: if it means you stop the war with Russia? And 345 00:18:50,800 --> 00:18:53,920 Speaker 2: he said, we need to stop the war. We need 346 00:18:53,960 --> 00:18:56,960 Speaker 2: to stop Russia. So there's wriggle room there. Clearly. I 347 00:18:57,000 --> 00:19:00,480 Speaker 2: spoke yesterday to Vasil marosian Chenko, this is the Ukrainian 348 00:19:00,480 --> 00:19:03,040 Speaker 2: investador to New Zealand, about this issue of don Bas. 349 00:19:03,200 --> 00:19:06,040 Speaker 2: You know, would you give up that territory? His answer 350 00:19:06,080 --> 00:19:07,080 Speaker 2: was interesting. 351 00:19:06,960 --> 00:19:10,880 Speaker 9: That charritory can end up under the Russian occupation which 352 00:19:10,920 --> 00:19:14,880 Speaker 9: will never be recognized by Ukraine or anybody else. That 353 00:19:15,000 --> 00:19:18,480 Speaker 9: it cannot be seated as a sovereign territory in Russia. 354 00:19:19,000 --> 00:19:20,920 Speaker 9: And that's very important to keep it in mind. As 355 00:19:20,920 --> 00:19:24,240 Speaker 9: you remember Baldic nations, Lithuania, lot To in Estonia, they 356 00:19:24,240 --> 00:19:27,640 Speaker 9: were under the Soviet occupation for fifty years. They had 357 00:19:27,640 --> 00:19:31,520 Speaker 9: their own governments in place, and they were never recognized 358 00:19:31,520 --> 00:19:34,679 Speaker 9: as part of the Soviet Union. So we may end 359 00:19:34,760 --> 00:19:36,679 Speaker 9: up having a similar arrangement. 360 00:19:37,160 --> 00:19:41,080 Speaker 2: So you could, in other words, you could without seeding 361 00:19:41,080 --> 00:19:44,480 Speaker 2: the territory allow it to be under Russian occupation. Twenty 362 00:19:44,480 --> 00:19:47,560 Speaker 2: two away from six Ryan Bridge. To our reporters around 363 00:19:47,560 --> 00:19:49,840 Speaker 2: the country, Callum Procter and needing for us this morning, callen, 364 00:19:49,880 --> 00:19:52,919 Speaker 2: good morning morning. Right, brewers could soon be making a 365 00:19:52,920 --> 00:19:53,800 Speaker 2: beer faster. 366 00:19:55,000 --> 00:19:58,080 Speaker 10: Yes, great news for brewers and beer lovers. This is 367 00:19:58,119 --> 00:20:01,000 Speaker 10: a study out of Otaga University which is discovered that 368 00:20:01,400 --> 00:20:06,080 Speaker 10: playing white noise can reduce the fermentation process by up 369 00:20:06,119 --> 00:20:08,960 Speaker 10: to thirty one hours and it doesn't affect the flavor 370 00:20:09,000 --> 00:20:11,800 Speaker 10: of the beer either, So fermentation can take on average 371 00:20:11,800 --> 00:20:15,199 Speaker 10: between five to seven days. Associate Professor Grahmy is As 372 00:20:15,240 --> 00:20:18,040 Speaker 10: told us these findings could have a substantial impact on 373 00:20:18,080 --> 00:20:21,200 Speaker 10: the beer industry because he says time is money, and 374 00:20:21,240 --> 00:20:24,400 Speaker 10: so anyway to speed up this process is good news 375 00:20:24,440 --> 00:20:25,399 Speaker 10: for brewers if. 376 00:20:25,280 --> 00:20:27,399 Speaker 2: They make it faster. Does that mean we need to 377 00:20:27,480 --> 00:20:28,240 Speaker 2: drink it faster? 378 00:20:28,840 --> 00:20:29,880 Speaker 10: I think that's what it means. 379 00:20:30,800 --> 00:20:32,000 Speaker 2: Good, good, good. How's your weather. 380 00:20:33,240 --> 00:20:35,920 Speaker 10: We've got few showers, snow flurries to four hundred meters 381 00:20:35,960 --> 00:20:37,879 Speaker 10: on the hill, so there's a road snowfall warning for 382 00:20:37,920 --> 00:20:39,159 Speaker 10: our Northern Motorway this morning. 383 00:20:39,560 --> 00:20:43,520 Speaker 2: Strong southwesters and nine the high Thanks Cullum players in 384 00:20:43,600 --> 00:20:47,400 Speaker 2: Christ Jay Clear, good morning. Lincoln University got some complaints 385 00:20:47,440 --> 00:20:48,600 Speaker 2: about its dairy farm. 386 00:20:49,040 --> 00:20:52,760 Speaker 11: Yeah, this comes from animal advocacy groups SAFE. They've released 387 00:20:52,760 --> 00:20:55,760 Speaker 11: some footage from the Lincoln Uni farm which they say 388 00:20:55,800 --> 00:20:58,960 Speaker 11: was filmed last week and shows cattle suffering and living 389 00:20:59,000 --> 00:21:03,280 Speaker 11: in squalid winter conditions. We've seen the footage among several 390 00:21:03,359 --> 00:21:06,440 Speaker 11: different things going on on the farm. There are images 391 00:21:06,440 --> 00:21:08,840 Speaker 11: and pictures there of calves sort of piled on top 392 00:21:08,880 --> 00:21:11,520 Speaker 11: of each other into a trailer. There's a mother cow 393 00:21:11,600 --> 00:21:14,480 Speaker 11: being chased by someone on a quad bike. SAFE says 394 00:21:14,480 --> 00:21:17,880 Speaker 11: that that person is driving at the animal quite aggressively. 395 00:21:18,160 --> 00:21:21,480 Speaker 11: There's also animals standing out in quite thick deep mud. 396 00:21:21,800 --> 00:21:24,439 Speaker 11: Now I guess the reality of this is that an 397 00:21:24,520 --> 00:21:27,320 Speaker 11: MPI inspector went out and visited the farm on Friday, 398 00:21:27,320 --> 00:21:29,439 Speaker 11: that was the day of the complaint. They say they 399 00:21:29,480 --> 00:21:35,080 Speaker 11: found no significant concerns. However, Lincoln Uniprovost Chad Hewitt says 400 00:21:35,080 --> 00:21:38,400 Speaker 11: while the MPI action found there was nothing that they 401 00:21:38,440 --> 00:21:41,000 Speaker 11: needed to do, they are going to investigate the issues 402 00:21:41,000 --> 00:21:42,240 Speaker 11: that have been raised. Nonetheless. 403 00:21:42,320 --> 00:21:43,639 Speaker 2: All right, how's your weather today? 404 00:21:43,640 --> 00:21:47,520 Speaker 11: Clear, miserable and pouring with rain this morning, some snow 405 00:21:47,560 --> 00:21:50,000 Speaker 11: falling above four hundred meters but easing, two showers a 406 00:21:50,000 --> 00:21:52,720 Speaker 11: bit later south east and a high of eight nice one. 407 00:21:52,760 --> 00:21:56,000 Speaker 2: Max Is and Wellington bidding farewell to the outer Teddy Max. 408 00:21:56,680 --> 00:21:59,280 Speaker 8: Yeah, it's now retired, likely to be sold to some 409 00:21:59,320 --> 00:22:01,439 Speaker 8: poor third world country where it can break down on 410 00:22:01,560 --> 00:22:03,879 Speaker 8: them and not us. The big thing obviously is losing 411 00:22:03,920 --> 00:22:07,240 Speaker 8: that rail compatibility for a few years and freight having 412 00:22:07,240 --> 00:22:10,600 Speaker 8: to adapt. But yeah, the Aratelli making its final cook 413 00:22:10,640 --> 00:22:14,800 Speaker 8: straight crossing yesterday. Our newsrooms are Ethan Mania, I believe 414 00:22:14,840 --> 00:22:17,879 Speaker 8: was flown to Picton and came back on the boat. 415 00:22:19,080 --> 00:22:21,879 Speaker 8: He covered the affair the captain apparently very prolific on 416 00:22:21,920 --> 00:22:25,600 Speaker 8: the tannoy cracking jokes. Reflecting on the ferries twenty six 417 00:22:25,720 --> 00:22:28,639 Speaker 8: years of service, spoke to a few employees taking voluntary 418 00:22:28,640 --> 00:22:32,800 Speaker 8: redundancy as well, who were a little more nostalgic. It 419 00:22:32,840 --> 00:22:35,199 Speaker 8: wouldn't have been a fitting final voyage without a few 420 00:22:35,240 --> 00:22:38,840 Speaker 8: hiccups a minor medical emergency. Apparently the Blue Bridge arrived 421 00:22:38,880 --> 00:22:41,879 Speaker 8: late in Picton as well, which delayed departure by a 422 00:22:41,920 --> 00:22:46,000 Speaker 8: short time. Infrastructure work can now begin. That means Picton 423 00:22:46,080 --> 00:22:48,280 Speaker 8: Wharf being demolished, making way for a report that can 424 00:22:48,320 --> 00:22:51,280 Speaker 8: handle these bigger rail enabled boats that are coming in 425 00:22:51,320 --> 00:22:54,040 Speaker 8: twenty twenty nine. Cook Straight crossings will be a little 426 00:22:54,040 --> 00:22:57,200 Speaker 8: stretched for a while. The penalty fees, of course for 427 00:22:57,320 --> 00:23:00,160 Speaker 8: Labour's prior deal a thing of the past, now appear 428 00:23:00,240 --> 00:23:00,639 Speaker 8: of make do. 429 00:23:01,640 --> 00:23:04,439 Speaker 2: Yeah, and then there were two Good luck getting across 430 00:23:04,520 --> 00:23:07,040 Speaker 2: the Cook Straight. How's your weather? 431 00:23:08,280 --> 00:23:10,960 Speaker 8: Cold and wht showers and strong southerlyes ten the high 432 00:23:10,960 --> 00:23:11,719 Speaker 8: central nighte time. 433 00:23:11,800 --> 00:23:14,439 Speaker 2: Thanks Max Neva's here in Auckland. Hay Neva, good morning. 434 00:23:14,440 --> 00:23:16,320 Speaker 12: I'm distracted by this hum in the studio. 435 00:23:16,359 --> 00:23:16,840 Speaker 13: Can you hear it? 436 00:23:16,920 --> 00:23:19,000 Speaker 2: Yeah? I can hear it. I will well, I was 437 00:23:19,119 --> 00:23:22,480 Speaker 2: trying to ignore it. Okay, it's been there for five 438 00:23:22,520 --> 00:23:25,440 Speaker 2: to seven minutes. It suddenly came on and I don't 439 00:23:25,480 --> 00:23:26,800 Speaker 2: know what to do about it. So I've just been 440 00:23:26,840 --> 00:23:27,359 Speaker 2: ignoring it. 441 00:23:27,400 --> 00:23:29,639 Speaker 12: Oh sorry, I should ignore it too, but you know me, 442 00:23:29,800 --> 00:23:32,280 Speaker 12: I so where is it coming from? I shall try 443 00:23:32,280 --> 00:23:33,320 Speaker 12: and get to the source. 444 00:23:33,040 --> 00:23:35,600 Speaker 2: Of it completely throwing, aren't you. Oh look, Glen, I 445 00:23:35,600 --> 00:23:39,320 Speaker 2: think Glenn's moving into actually good Auckland Council and the 446 00:23:39,359 --> 00:23:42,639 Speaker 2: officials there want to concentrate housing around city centers and 447 00:23:42,680 --> 00:23:44,280 Speaker 2: around your big arterial roots. 448 00:23:44,480 --> 00:23:47,040 Speaker 12: That is correct. So what's happening is then on Tuesday 449 00:23:47,359 --> 00:23:50,600 Speaker 12: the council is going to address the proposal, because yeah, 450 00:23:50,600 --> 00:23:52,880 Speaker 12: it wants to do away with the three story developments 451 00:23:52,920 --> 00:23:57,119 Speaker 12: in suburban areas, so the areas would maintain their single 452 00:23:57,160 --> 00:24:01,360 Speaker 12: home character with ten story and fifteen story developments playing closer. 453 00:24:01,400 --> 00:24:04,919 Speaker 12: You're quite right to town centers and transport stations. Simon 454 00:24:05,000 --> 00:24:07,920 Speaker 12: Wilson The Herald. Simon Wilson, he's on the case, said, look, 455 00:24:08,119 --> 00:24:11,680 Speaker 12: Auckland could look very different with arterial roads like as 456 00:24:11,680 --> 00:24:14,800 Speaker 12: you say, Great North Road entirely just lined by apartment blocks. 457 00:24:15,840 --> 00:24:18,600 Speaker 2: I had a bit of a mingy afternoon yesterday on 458 00:24:18,640 --> 00:24:21,160 Speaker 2: the phone to Auckland Council. Did you so I park 459 00:24:21,320 --> 00:24:23,600 Speaker 2: my car out on the street of my You know, 460 00:24:23,680 --> 00:24:25,280 Speaker 2: I don't have a garage that I can put it in. 461 00:24:25,560 --> 00:24:25,960 Speaker 10: That's right. 462 00:24:25,960 --> 00:24:27,640 Speaker 12: I heard about that, which. 463 00:24:27,440 --> 00:24:29,880 Speaker 2: Mike Costing thinks. It just makes me put it's your garage. 464 00:24:30,000 --> 00:24:32,679 Speaker 2: It's your garage with your carpet and your garage. Anyway, 465 00:24:32,760 --> 00:24:35,160 Speaker 2: so I went I rang the council because they keep 466 00:24:35,160 --> 00:24:36,919 Speaker 2: giving us a ticket even though I've got a permit 467 00:24:36,960 --> 00:24:40,239 Speaker 2: to park on the street by ticketing the car, and 468 00:24:40,280 --> 00:24:41,760 Speaker 2: I said, hey, you know this is the second time 469 00:24:41,760 --> 00:24:45,040 Speaker 2: it's happened. We've written in a letter. Oh well it's 470 00:24:45,080 --> 00:24:47,680 Speaker 2: now in process, you said, so you've got to wait 471 00:24:47,720 --> 00:24:49,879 Speaker 2: fifteen days from when you sent the letter. And I'm like, 472 00:24:49,920 --> 00:24:51,600 Speaker 2: but you can see I've got a permit. Yes, we 473 00:24:51,640 --> 00:24:54,359 Speaker 2: can see, you've got a can't do anything completely says 474 00:24:54,480 --> 00:24:56,560 Speaker 2: now really yeah, very annoying. 475 00:24:56,640 --> 00:25:00,960 Speaker 12: So why is the computer saying no? Did they find you? Like, 476 00:25:01,040 --> 00:25:01,520 Speaker 12: is there a fine? 477 00:25:02,119 --> 00:25:02,280 Speaker 2: Fine? 478 00:25:02,359 --> 00:25:02,840 Speaker 13: How much? 479 00:25:03,520 --> 00:25:05,000 Speaker 2: Twenty dollars each time? 480 00:25:05,040 --> 00:25:05,879 Speaker 12: And it all adds up? 481 00:25:05,920 --> 00:25:06,800 Speaker 13: So what are you up to? 482 00:25:06,960 --> 00:25:07,680 Speaker 12: Two thousands? 483 00:25:07,920 --> 00:25:11,200 Speaker 2: No, No, forty has happened twice. Oh that would rip you, 484 00:25:11,880 --> 00:25:14,359 Speaker 2: but you write the letter for the first fine And 485 00:25:14,400 --> 00:25:16,240 Speaker 2: she said, have you written a letter for the sing fie? 486 00:25:16,320 --> 00:25:18,920 Speaker 2: I said, well no, because they should work out from 487 00:25:18,920 --> 00:25:22,920 Speaker 2: the first one exactly second one wasn't needed. Oh that's 488 00:25:22,960 --> 00:25:23,520 Speaker 2: my complaint. 489 00:25:24,080 --> 00:25:25,760 Speaker 12: And the studio is nothing compared to that. 490 00:25:26,320 --> 00:25:28,680 Speaker 2: I wonder. I'm not worried about it. How's our weather? 491 00:25:29,480 --> 00:25:32,560 Speaker 12: Shells possible thunderstorms and nail? 492 00:25:32,880 --> 00:25:37,040 Speaker 2: I have important things happening in my life, Neva, Okay, 493 00:25:37,680 --> 00:25:39,840 Speaker 2: I'm going. Can I just say, by the way, for 494 00:25:40,000 --> 00:25:46,080 Speaker 2: the utter teddy from one ferry to another, hiattor deafit 495 00:25:46,119 --> 00:25:48,920 Speaker 2: all days just around the corner. Put it in calendar Friday, 496 00:25:48,960 --> 00:25:51,359 Speaker 2: August twenty nine. This is a chance for us all 497 00:25:51,440 --> 00:25:54,560 Speaker 2: to support the one and three kiwis affected by cancer. 498 00:25:54,800 --> 00:25:57,280 Speaker 2: That's why a in Z has been such a proud 499 00:25:57,320 --> 00:25:59,359 Speaker 2: partner of the Cancer Society, and they've been doing that 500 00:25:59,400 --> 00:26:02,439 Speaker 2: for now for twenty five years. They stand with the 501 00:26:02,520 --> 00:26:05,840 Speaker 2: community and supporting the important cause this Deafitil Day. Your 502 00:26:05,880 --> 00:26:11,240 Speaker 2: donation helps provide vital care to transport, treatment, nurses, accommodation, counseling, 503 00:26:11,280 --> 00:26:14,840 Speaker 2: all that good stuff. It also supports prevention programs and 504 00:26:14,880 --> 00:26:19,640 Speaker 2: research helping to improve outcomes for future generations. So we're yellow. 505 00:26:19,840 --> 00:26:22,760 Speaker 2: Buy a daffodil, show you support on Defitil Day. Now 506 00:26:22,840 --> 00:26:25,320 Speaker 2: if you can, you can go one step further and 507 00:26:25,359 --> 00:26:29,840 Speaker 2: actually make a donation, because every deafitile dollar gets you 508 00:26:30,200 --> 00:26:34,479 Speaker 2: a kid increases the amount that goes to these kids' 509 00:26:34,760 --> 00:26:38,119 Speaker 2: kindness counts. It's about care, it's about hope, it's about 510 00:26:38,119 --> 00:26:40,639 Speaker 2: standing with those who need it most. Let's make every 511 00:26:40,920 --> 00:26:44,760 Speaker 2: daffidil count With an Z text donate to three four 512 00:26:44,960 --> 00:26:47,960 Speaker 2: nine three to make an instant three dollars donation to 513 00:26:48,000 --> 00:26:49,520 Speaker 2: the Cancer Society. 514 00:26:49,760 --> 00:26:53,639 Speaker 1: International correspondence with NZ and Eye Insurance, Peace of Mind 515 00:26:53,680 --> 00:26:54,760 Speaker 1: for New Zealand business. 516 00:26:55,800 --> 00:26:58,240 Speaker 2: You're on newsbalk B thirteen minutes away from six. We'll 517 00:26:58,240 --> 00:27:00,960 Speaker 2: get to Washington and just a second first, Leslie Omen 518 00:27:01,040 --> 00:27:03,199 Speaker 2: with us from Australia. Good morning, Good to have you 519 00:27:03,240 --> 00:27:07,160 Speaker 2: on the programmer. As always, thank you. Quantus to face 520 00:27:07,280 --> 00:27:10,760 Speaker 2: a pretty hefty fine. This is for outsourcing ground staff. 521 00:27:10,760 --> 00:27:15,760 Speaker 14: This long running dispute, very long running, yes, massive fine. 522 00:27:16,200 --> 00:27:18,919 Speaker 14: Said to be the largest case of illegal sackings in 523 00:27:18,960 --> 00:27:22,880 Speaker 14: Australia's history. Just to give you a small background, Back 524 00:27:22,880 --> 00:27:26,040 Speaker 14: in twenty twenty, during the COVID pandemic. Quantus made the 525 00:27:26,080 --> 00:27:30,320 Speaker 14: decision to outsource its ground handling staff, which included baggage 526 00:27:30,320 --> 00:27:35,080 Speaker 14: handlers and cleaners and the like. Now then come forward 527 00:27:35,760 --> 00:27:38,679 Speaker 14: a little bit and the Transport Workers Union decided that 528 00:27:39,119 --> 00:27:42,240 Speaker 14: they would take Quantus to court and sue them for 529 00:27:42,359 --> 00:27:46,239 Speaker 14: that illegal sacking. So that's what happened. And earlier this 530 00:27:46,320 --> 00:27:51,119 Speaker 14: year Quantus was found guilty of the illegal sacking of 531 00:27:51,160 --> 00:27:55,679 Speaker 14: all those workers. Now come to yesterday and the Federal 532 00:27:55,720 --> 00:27:59,280 Speaker 14: Court has decided that Quantus will be fined ninety million 533 00:27:59,480 --> 00:28:03,119 Speaker 14: dollars for those illegal sackings, and fifty million of that 534 00:28:03,400 --> 00:28:06,440 Speaker 14: will be going to the Transport Workers' Union for the workers. 535 00:28:06,800 --> 00:28:10,040 Speaker 14: Or that's what Justice Michael Lee has suggested happen, and 536 00:28:10,119 --> 00:28:12,800 Speaker 14: the other forty million will be to sell. What happens 537 00:28:12,800 --> 00:28:16,159 Speaker 14: with the other forty million will be decided at a 538 00:28:16,240 --> 00:28:16,840 Speaker 14: later date. 539 00:28:18,000 --> 00:28:20,480 Speaker 2: This Sharkiteck now the beach closed. Now the shark Aitek, 540 00:28:20,600 --> 00:28:21,400 Speaker 2: New South Wales. 541 00:28:22,880 --> 00:28:26,960 Speaker 14: Yes, the second one in the roughly a month. What 542 00:28:27,119 --> 00:28:31,280 Speaker 14: happened was yesterday morning early Brad Ross was out serving 543 00:28:31,440 --> 00:28:35,600 Speaker 14: at Cabareta Beach. It's a beach between Tweedheads and Byron 544 00:28:35,680 --> 00:28:39,640 Speaker 14: Bay and northern New South Wales and Brad found that 545 00:28:39,720 --> 00:28:43,080 Speaker 14: he had an unwanted visitor, and that unwanted visitor was 546 00:28:43,560 --> 00:28:47,240 Speaker 14: a large great white shark, probably about four meters, and 547 00:28:47,360 --> 00:28:50,080 Speaker 14: it decided that it took a liking to his board 548 00:28:50,360 --> 00:28:54,120 Speaker 14: and chumped it in half, left a massive bitemark out 549 00:28:54,120 --> 00:28:58,400 Speaker 14: of the board which was now in two. And unfortunately 550 00:28:58,480 --> 00:29:01,080 Speaker 14: he wasn't hurt. He was able to get back back 551 00:29:01,120 --> 00:29:03,360 Speaker 14: to shore. But these borders a lot. 552 00:29:05,040 --> 00:29:09,120 Speaker 2: Thank god, Thank goodness, Leslie, thank goodness he is okay. 553 00:29:09,160 --> 00:29:11,200 Speaker 2: I did see his borden. You right, there's a giant 554 00:29:11,240 --> 00:29:12,720 Speaker 2: chunk out of it. I wouldn't be getting back in 555 00:29:12,800 --> 00:29:16,040 Speaker 2: the water. Thanks for that update, lizzliey Oomen's Australia correspondent. 556 00:29:16,080 --> 00:29:19,000 Speaker 2: Just gone ten to six, Ryan, So to the White 557 00:29:19,000 --> 00:29:22,200 Speaker 2: House we go. This is sitting on the sofa, Zelensky 558 00:29:22,240 --> 00:29:25,520 Speaker 2: and Trump together. So far all smiles, no shouting. Trump 559 00:29:25,600 --> 00:29:28,240 Speaker 2: says he will call potin after the meeting. The European 560 00:29:28,320 --> 00:29:31,280 Speaker 2: leaders will join later joining us. Nick harp a feature 561 00:29:31,280 --> 00:29:35,360 Speaker 2: story news correspondent in Washington. Good morning, Good. 562 00:29:35,200 --> 00:29:35,720 Speaker 10: Morning, Ryan. 563 00:29:35,800 --> 00:29:37,400 Speaker 2: So what's so far so good? 564 00:29:38,320 --> 00:29:40,120 Speaker 15: Well, yeah, so far so good. I mean the wheels 565 00:29:40,120 --> 00:29:41,920 Speaker 15: didn't come off in the way they certainly did in 566 00:29:41,920 --> 00:29:44,680 Speaker 15: that February meeting where they were shouting at each other, 567 00:29:44,760 --> 00:29:48,440 Speaker 15: where the Ukrainian delegation was ejected from the White House early. 568 00:29:49,000 --> 00:29:51,760 Speaker 15: They managed to get through that meeting in Theory. They 569 00:29:51,800 --> 00:29:55,640 Speaker 15: go behind closed doors. There could be some tension there, 570 00:29:55,720 --> 00:29:58,160 Speaker 15: but so far it all seems to be going quite well. 571 00:29:58,440 --> 00:30:01,239 Speaker 2: What's he said about if they mean territory, have they 572 00:30:01,320 --> 00:30:02,440 Speaker 2: mentioned another meeting? 573 00:30:03,800 --> 00:30:05,840 Speaker 15: Well, I think that is what's going to get hashed 574 00:30:05,880 --> 00:30:08,560 Speaker 15: out later on, first of all between Donald Trump and 575 00:30:08,600 --> 00:30:12,480 Speaker 15: President Zelenski and then that multilateral meeting in Theory in 576 00:30:12,520 --> 00:30:15,120 Speaker 15: about an hour and ten minutes time with the Europeans. 577 00:30:15,320 --> 00:30:17,520 Speaker 15: At one point, Zelenski was asked to readily in the 578 00:30:17,560 --> 00:30:20,360 Speaker 15: Oval office just a moment ago by a reporter, are 579 00:30:20,400 --> 00:30:24,200 Speaker 15: you going to redraw the map? He dodged that question. 580 00:30:24,280 --> 00:30:26,120 Speaker 15: He said we need to stop the war instead, and 581 00:30:26,160 --> 00:30:28,840 Speaker 15: he said he hoped that American and EU partners could 582 00:30:28,840 --> 00:30:31,120 Speaker 15: help with that. But I think territory is going to 583 00:30:31,160 --> 00:30:34,080 Speaker 15: be a very important part of today. Donald Trump now 584 00:30:34,160 --> 00:30:38,200 Speaker 15: seems to be pushing President Putin's idea that Ukraine as 585 00:30:38,200 --> 00:30:41,160 Speaker 15: well as giving up Crimea that was annexed back in 586 00:30:41,160 --> 00:30:44,959 Speaker 15: twenty fourteen by Moscow also gives up the entirety of 587 00:30:45,000 --> 00:30:49,360 Speaker 15: the Dnetsk region, even though Russia hasn't captured all of 588 00:30:49,400 --> 00:30:51,240 Speaker 15: that during this three and a half year conflict. 589 00:30:51,480 --> 00:30:56,360 Speaker 2: What about a security guarantee from America? Did Trump given any? Hence? 590 00:30:57,560 --> 00:31:00,920 Speaker 15: Yeah, this is a big one, because Ukraine to join NATO. 591 00:31:01,080 --> 00:31:04,440 Speaker 15: Trump and Putin say quite simply, he can't. That's not 592 00:31:04,480 --> 00:31:06,920 Speaker 15: something that's going to happen. But there is this suggestion 593 00:31:07,120 --> 00:31:09,880 Speaker 15: both from Donald Trump and the Europeans that he might 594 00:31:09,920 --> 00:31:13,560 Speaker 15: get security guarantees like the same thing that NATO members 595 00:31:13,600 --> 00:31:17,040 Speaker 15: get Article five. So if Ukraine were to be attacked 596 00:31:17,040 --> 00:31:19,640 Speaker 15: in the future, the other NATO members would be standing 597 00:31:19,680 --> 00:31:23,239 Speaker 15: by ready to defend. But also we heard in that 598 00:31:23,280 --> 00:31:25,720 Speaker 15: meeting just now, Donald Trump said that he did want 599 00:31:25,760 --> 00:31:29,880 Speaker 15: to be a part of future security guarantees. Unclear what 600 00:31:29,920 --> 00:31:33,960 Speaker 15: that might mean, would the US troops stationed in Ukraine 601 00:31:34,040 --> 00:31:36,840 Speaker 15: for example? So far, obviously that is a redline for 602 00:31:36,960 --> 00:31:39,440 Speaker 15: President Putin. But Donald Trump saying that he wants to 603 00:31:39,440 --> 00:31:41,440 Speaker 15: be involved. I guess that's another thing they're just going 604 00:31:41,480 --> 00:31:42,719 Speaker 15: to have to hash out today. 605 00:31:42,920 --> 00:31:45,320 Speaker 2: Yeah, absolutely all right, Nick, We'll wait and say. Nick Harp, 606 00:31:45,360 --> 00:31:47,880 Speaker 2: a Future Story News correspondent in Washington for US this 607 00:31:47,920 --> 00:31:50,200 Speaker 2: morning eight to six. Mike of course will be following 608 00:31:50,240 --> 00:31:53,200 Speaker 2: this on his show, and he's with us next the. 609 00:31:53,160 --> 00:31:56,200 Speaker 1: News you need this morning, and the in depth analysis 610 00:31:56,360 --> 00:32:00,440 Speaker 1: early edition with Ryan Bridge and One Route where you 611 00:32:00,560 --> 00:32:01,520 Speaker 1: Live News Talks. 612 00:32:01,520 --> 00:32:03,600 Speaker 2: They'd be stix away from six News Talks. B I 613 00:32:03,680 --> 00:32:05,800 Speaker 2: promise I'll quickly give you an update from Fitch. This 614 00:32:05,960 --> 00:32:08,160 Speaker 2: is the rating agency. We're on double A plus at 615 00:32:08,160 --> 00:32:10,080 Speaker 2: the moment. Yes, we can keep that rating, Thank you 616 00:32:10,240 --> 00:32:12,360 Speaker 2: very much. How do you get an upgrade? That's what 617 00:32:12,440 --> 00:32:15,440 Speaker 2: I wanted to know to your triple A minus. It's 618 00:32:15,440 --> 00:32:19,760 Speaker 2: like batteries. Basically, you need major fiscal consolidation. That's getting 619 00:32:19,800 --> 00:32:22,640 Speaker 2: back to surplus, that's cutting your debt ratio. Nationals doing that, 620 00:32:22,680 --> 00:32:25,400 Speaker 2: but it's happening very slowly, and you need to hack 621 00:32:25,440 --> 00:32:28,000 Speaker 2: through your current account deficit. Currently we're paying eleven billion 622 00:32:28,000 --> 00:32:30,600 Speaker 2: bucks a year servicing debt. That's more than police defense 623 00:32:30,680 --> 00:32:34,920 Speaker 2: and corrections combined. Crying Bridge, Good morning, Mike Morning. See 624 00:32:35,200 --> 00:32:37,640 Speaker 2: Trump comes out and says, I think to actually get 625 00:32:37,680 --> 00:32:39,960 Speaker 2: through this, we're going to need a trilateral meeting. 626 00:32:40,800 --> 00:32:42,760 Speaker 13: Nothing's going to happen today, is it. 627 00:32:42,960 --> 00:32:45,120 Speaker 2: No? But it's good that they're talking. It's good they're 628 00:32:45,200 --> 00:32:46,640 Speaker 2: talking about that and not shouting. 629 00:32:46,720 --> 00:32:50,040 Speaker 13: So Zelensky presumably what I guess you want to run 630 00:32:50,040 --> 00:32:52,160 Speaker 13: a bet what will happen is that what you think 631 00:32:52,240 --> 00:32:53,880 Speaker 13: is going to happen is going to happen. So the 632 00:32:53,880 --> 00:32:57,000 Speaker 13: Europeans will get them across the line on crimea court, 633 00:32:57,040 --> 00:32:59,320 Speaker 13: whatever you want. They'll give up a slye. Someone will 634 00:32:59,520 --> 00:33:03,920 Speaker 13: provides security guarantees, so Russia will be stopped and that'll. 635 00:33:03,640 --> 00:33:06,640 Speaker 2: Be that, and they'll give up a bit of the 636 00:33:06,680 --> 00:33:07,960 Speaker 2: nets even though they shouldn't. 637 00:33:08,080 --> 00:33:10,600 Speaker 13: Yeah, well, I mean, what do you want more? See? 638 00:33:10,600 --> 00:33:13,600 Speaker 13: The problem with the Europeans is the Europeans, like everybody 639 00:33:13,640 --> 00:33:15,560 Speaker 13: is self sensed. Doren't they so as much as they 640 00:33:15,800 --> 00:33:19,560 Speaker 13: basically they want to stop Russia, don't they. So Zelenski 641 00:33:19,640 --> 00:33:21,920 Speaker 13: wants all his country back, He's not going to get it, 642 00:33:22,120 --> 00:33:25,120 Speaker 13: but Russia. Europeans want to stop Russia. They get a 643 00:33:25,120 --> 00:33:27,200 Speaker 13: security guarantee and they go to blood. They go, look, 644 00:33:27,320 --> 00:33:28,960 Speaker 13: it's just the right hand side of the country. Don't 645 00:33:28,960 --> 00:33:29,360 Speaker 13: worry about it. 646 00:33:29,480 --> 00:33:33,240 Speaker 2: Let's move on and something that's got an American backstop obviously. 647 00:33:33,480 --> 00:33:38,160 Speaker 2: But the thing about it is that the Europeans, you 648 00:33:38,280 --> 00:33:41,560 Speaker 2: have to give credit to Trump forgetting the Europeans across 649 00:33:41,600 --> 00:33:42,040 Speaker 2: the line. 650 00:33:42,160 --> 00:33:44,200 Speaker 13: If he gets us across the line, that's a Nobel 651 00:33:44,200 --> 00:33:44,760 Speaker 13: Peace Prize. 652 00:33:44,840 --> 00:33:45,360 Speaker 2: I would have thought. 653 00:33:45,400 --> 00:33:47,160 Speaker 13: I would have thought so, along with his eighteen other 654 00:33:47,240 --> 00:33:48,480 Speaker 13: wars that he's claiming his solf. 655 00:33:48,600 --> 00:33:51,479 Speaker 2: Just think about where the Europeans were a year, two 656 00:33:51,560 --> 00:33:53,000 Speaker 2: years ago under Biden. 657 00:33:53,040 --> 00:33:55,280 Speaker 13: They just got them from two percent to five percent, 658 00:33:55,640 --> 00:33:59,720 Speaker 13: drag them into the war, and I mean, you can't 659 00:33:59,760 --> 00:34:01,080 Speaker 13: do any more than that, can you? 660 00:34:01,120 --> 00:34:01,320 Speaker 2: Really? 661 00:34:01,360 --> 00:34:03,480 Speaker 13: Anyway, we'll cover this off throughout the morning for. 662 00:34:03,600 --> 00:34:06,640 Speaker 2: Excellent look forward to it. Mike, have a fantastic day, everybody. 663 00:34:06,680 --> 00:34:09,560 Speaker 2: It's coming up to six o'clock on News Talk said B. 664 00:34:09,840 --> 00:34:12,400 Speaker 2: I will see you again tomorrow from five. 665 00:34:21,280 --> 00:34:24,239 Speaker 1: For more from Early Edition with Ryan Bridge. Listen live 666 00:34:24,360 --> 00:34:27,400 Speaker 1: to News Talk shied B from five am weekdays, or 667 00:34:27,440 --> 00:34:29,360 Speaker 1: follow the podcast on iHeartRadio.