1 00:00:01,200 --> 00:00:05,320 Speaker 1: The issues, the interviews and the insight. Ryan Bridge on 2 00:00:05,600 --> 00:00:09,840 Speaker 1: early erdship with r the Supercenter, explore r V successories 3 00:00:09,880 --> 00:00:11,960 Speaker 1: and servicing more than one news talks. 4 00:00:12,000 --> 00:00:14,760 Speaker 2: That'd be good morning, Welcome to Tuesday. Just gone six 5 00:00:14,840 --> 00:00:18,080 Speaker 2: after five, we'll look at tolling the big new roads. 6 00:00:18,200 --> 00:00:21,160 Speaker 2: Just before six this morning, a skirmish over the South 7 00:00:21,239 --> 00:00:23,720 Speaker 2: China Sea. We'll talk to our Australia correspondent Donnat Mayo 8 00:00:23,760 --> 00:00:27,920 Speaker 2: about that inflation, Labour's new policy and new seek job 9 00:00:28,000 --> 00:00:32,440 Speaker 2: numbers for you this morning. The agenda Tuesday, the twenty 10 00:00:32,440 --> 00:00:34,760 Speaker 2: first of October. You might have problems with your work 11 00:00:34,840 --> 00:00:38,960 Speaker 2: Zoom meeting this morning. Massive Amazon web service outage, Snapchat 12 00:00:39,040 --> 00:00:43,440 Speaker 2: DUELINGO six point five million reports globally, affecting more than 13 00:00:43,479 --> 00:00:46,279 Speaker 2: one thousand companies, So just wan'tch out for that one. 14 00:00:46,280 --> 00:00:48,280 Speaker 2: Apparently they've fixed the problem, but it'll take a while 15 00:00:48,320 --> 00:00:50,920 Speaker 2: to fill through elbow. The Australian Prime Minister is in 16 00:00:51,000 --> 00:00:52,560 Speaker 2: DC at the White House meeting with Trump. 17 00:00:52,600 --> 00:00:56,320 Speaker 3: We're really working on anything happy to do with military, 18 00:00:56,360 --> 00:01:04,200 Speaker 3: military protection, military ships, yeagles, guns, ammunition, everything, the whole thing. 19 00:01:04,680 --> 00:01:08,680 Speaker 3: We've been long term, longtime allies on defense. 20 00:01:08,840 --> 00:01:12,840 Speaker 4: We've already had a discussion about taking it to the 21 00:01:12,880 --> 00:01:16,360 Speaker 4: next live at Defense and Security partnership with orchisis so 22 00:01:16,520 --> 00:01:18,080 Speaker 4: important to Ukraine. 23 00:01:18,160 --> 00:01:20,800 Speaker 2: Zelenski says he's ready to join Trump and putin in 24 00:01:20,880 --> 00:01:23,920 Speaker 2: the summit that might happen in Hungary if he gets 25 00:01:23,920 --> 00:01:26,240 Speaker 2: an invite. That is Apparently the meeting with Trump was 26 00:01:26,280 --> 00:01:28,520 Speaker 2: an absolute disaster, another screaming match. 27 00:01:28,640 --> 00:01:31,000 Speaker 3: I think seventy eight percent of the land has already 28 00:01:31,440 --> 00:01:34,760 Speaker 3: taken by Russia. You'll leave it the way it is 29 00:01:34,840 --> 00:01:38,679 Speaker 3: right now. They can negotiate something later on down the lane. 30 00:01:38,920 --> 00:01:41,280 Speaker 3: But I said, cut and stop at the battle at 31 00:01:41,319 --> 00:01:44,640 Speaker 3: go home, stop fighting SUP killing people to China. 32 00:01:44,800 --> 00:01:47,240 Speaker 2: The top brass there meeting in Beijing talking about a 33 00:01:47,280 --> 00:01:50,560 Speaker 2: five year plan. We'll hear some details on this Wednesday. 34 00:01:50,640 --> 00:01:52,160 Speaker 2: It's completely opaque. 35 00:01:52,200 --> 00:01:57,960 Speaker 4: Apparently so opaque that the delegates to this planum stay 36 00:01:58,120 --> 00:02:01,760 Speaker 4: on site. They don't even leave the hotel where it's 37 00:02:01,800 --> 00:02:04,920 Speaker 4: taking place for fear that something will leak out. 38 00:02:06,800 --> 00:02:11,000 Speaker 1: On your radio and online on iHeartRadio Early edition with 39 00:02:11,240 --> 00:02:15,839 Speaker 1: Ryan Bridge and r V Supercenter explore r v's accessories 40 00:02:15,880 --> 00:02:17,040 Speaker 1: and servicing. 41 00:02:16,639 --> 00:02:19,600 Speaker 2: All in one news talks. I'd be two the numbers. 42 00:02:19,680 --> 00:02:21,640 Speaker 2: Text would love to hear from you this morning points 43 00:02:21,680 --> 00:02:24,720 Speaker 2: to Labor for at least being self aware of their shortcomings. 44 00:02:25,360 --> 00:02:27,360 Speaker 2: If you've got a problem with people trusting that you 45 00:02:27,400 --> 00:02:30,840 Speaker 2: can spend their money wisely, ring fence it and let 46 00:02:30,960 --> 00:02:34,400 Speaker 2: somebody else spend it instead, got a problem with people 47 00:02:34,440 --> 00:02:37,080 Speaker 2: trusting that you know how to make good business decisions. 48 00:02:37,560 --> 00:02:41,320 Speaker 2: Don't want to repeat the Provincial Growth Fund disaster, Hey presto, 49 00:02:42,160 --> 00:02:45,480 Speaker 2: Let others make those investment decisions for you. That's basically 50 00:02:45,560 --> 00:02:49,040 Speaker 2: what happened yesterday. Watching Hopkins, you could see the strategy 51 00:02:49,320 --> 00:02:53,600 Speaker 2: behind the weird triangle artwork that was adorned with Labor branding. 52 00:02:53,720 --> 00:02:56,040 Speaker 2: Was a guy who knows his r. Kelly's heel is 53 00:02:56,080 --> 00:02:59,959 Speaker 2: his own reputation, and government which was basically spend tax debt. 54 00:03:00,720 --> 00:03:04,520 Speaker 2: So this future Fund is a way of saying National 55 00:03:04,520 --> 00:03:07,600 Speaker 2: wants to flog off our state assets, our state owned companies. 56 00:03:08,040 --> 00:03:11,600 Speaker 2: We earn good dividends off these assets, but because nobody 57 00:03:11,639 --> 00:03:15,040 Speaker 2: trusts Labor to spend those dividends widely, they hand them 58 00:03:15,120 --> 00:03:17,639 Speaker 2: to the former bankers and the investors to invest. Give 59 00:03:17,680 --> 00:03:23,000 Speaker 2: it to the guardians, trust them, not us. It's kind 60 00:03:23,000 --> 00:03:26,400 Speaker 2: of smart because it blunts the inevitable questions about how wisely, 61 00:03:26,480 --> 00:03:29,000 Speaker 2: labor would spend dividends from any assets that we decide 62 00:03:29,000 --> 00:03:32,480 Speaker 2: to keep. Right. The problems about this are twofold. One, 63 00:03:32,639 --> 00:03:36,440 Speaker 2: the government's only really talking about selling off non performing assets, 64 00:03:36,920 --> 00:03:39,200 Speaker 2: and it's still maybe on that. They haven't made any 65 00:03:39,320 --> 00:03:41,120 Speaker 2: firm decisions. In fact, they'll have to take it to 66 00:03:41,160 --> 00:03:45,280 Speaker 2: the election. But secondly, revenue. If you were to put 67 00:03:45,320 --> 00:03:49,000 Speaker 2: all of the performing assets into this fund, that's up 68 00:03:49,080 --> 00:03:52,720 Speaker 2: to a billion bucks a year and lost crown revenue 69 00:03:52,760 --> 00:03:55,480 Speaker 2: from the dividends, that is a whole and a budget. 70 00:03:56,280 --> 00:03:59,800 Speaker 2: Where will the money for health and education then come from? 71 00:04:00,520 --> 00:04:02,400 Speaker 2: And we know who they turn to in their time 72 00:04:02,400 --> 00:04:05,800 Speaker 2: of knee, don't we? It is us. It is the taxpayers. 73 00:04:06,560 --> 00:04:09,200 Speaker 2: So while this announcement was pitched as one about growing 74 00:04:09,240 --> 00:04:12,720 Speaker 2: the pie, which could take years or even decades to achieve, 75 00:04:13,360 --> 00:04:18,080 Speaker 2: what it means in practice is a delayed surplus, more borrowing, 76 00:04:18,200 --> 00:04:22,039 Speaker 2: cost cutting, or higher taxes. There ain't no such thing 77 00:04:22,160 --> 00:04:25,159 Speaker 2: as a free lunch. We learned that last time, didn't 78 00:04:25,160 --> 00:04:28,760 Speaker 2: we cryan Bridge ten you're on news talks, he b 79 00:04:28,880 --> 00:04:30,640 Speaker 2: come out. Next, we're going to talk to someone who 80 00:04:30,680 --> 00:04:35,160 Speaker 2: actually deals with small and medium sized businesses, tries to 81 00:04:35,279 --> 00:04:39,040 Speaker 2: get them funding in New Zealand. What companies would a 82 00:04:39,120 --> 00:04:41,359 Speaker 2: fund like this? Even? Target News Talks ed. 83 00:04:41,360 --> 00:04:46,560 Speaker 1: B Bryan Bridge on early edition with r V Supercenter 84 00:04:46,760 --> 00:04:51,520 Speaker 1: explore RV's accessories and servicing all in one News TALKSB. 85 00:04:51,000 --> 00:04:53,160 Speaker 2: Five thirteen Great to have your company nine two nine 86 00:04:53,200 --> 00:04:55,520 Speaker 2: to two the number to text your job adds for September. 87 00:04:55,520 --> 00:04:58,040 Speaker 2: This is from Sikh Month on month, we're up one percent. 88 00:04:58,160 --> 00:05:00,680 Speaker 2: Quarter on quarter, we're up three percent. Year on year, 89 00:05:00,720 --> 00:05:04,040 Speaker 2: we're up six percent, so that's good news. Applications per 90 00:05:04,080 --> 00:05:07,480 Speaker 2: add up one percent. That's for the month. Now. Volumes 91 00:05:07,520 --> 00:05:11,039 Speaker 2: are lower than they would normally be. Volumes are down 92 00:05:11,240 --> 00:05:14,160 Speaker 2: compared to historical averages, but will you know you take 93 00:05:14,160 --> 00:05:16,599 Speaker 2: the wins where you get on you Every region recording 94 00:05:16,640 --> 00:05:19,480 Speaker 2: monthly growth for September, aside from one over two sorry 95 00:05:19,480 --> 00:05:24,000 Speaker 2: you being backwards a percent. Canterbury volumes are up. Interestingly, 96 00:05:24,080 --> 00:05:27,360 Speaker 2: Banking financial services up five percent. That was the fastest 97 00:05:27,360 --> 00:05:32,040 Speaker 2: month on month growth in September. Construction sector up six 98 00:05:32,080 --> 00:05:34,800 Speaker 2: percent quarter on quarter and thirteen percent year on year. 99 00:05:35,760 --> 00:05:39,400 Speaker 2: Bread fourteen right two Labour's Future Fund IDEA two hundred 100 00:05:39,400 --> 00:05:42,360 Speaker 2: million dollars in seed funding from US taxpayers. Fund managed 101 00:05:42,360 --> 00:05:45,919 Speaker 2: by the guardians of the super state owned companies' assets 102 00:05:45,920 --> 00:05:48,240 Speaker 2: will be transferred to the fund, dividends used to invest 103 00:05:48,279 --> 00:05:50,800 Speaker 2: in Kiwi businesses. Very light on detail at this point, 104 00:05:50,800 --> 00:05:53,279 Speaker 2: but we're going to Adrian Begbie, who's managing director of 105 00:05:53,400 --> 00:05:57,040 Speaker 2: prosper en Z. Adrian. Good morning, Good morning Ron, Good 106 00:05:57,040 --> 00:05:59,000 Speaker 2: to have you on the show. So you help small 107 00:05:59,000 --> 00:06:01,279 Speaker 2: businesses get fund What do you think of this? 108 00:06:02,560 --> 00:06:04,200 Speaker 5: I think it's great to see it's great to see 109 00:06:04,240 --> 00:06:08,479 Speaker 5: someone actually stepping forward for Kiwi businesses. Kiwi businesses are 110 00:06:08,560 --> 00:06:10,960 Speaker 5: the backbone of our whole economy, so it's great to 111 00:06:10,960 --> 00:06:13,240 Speaker 5: say someone actually come up with something that could be 112 00:06:13,320 --> 00:06:14,680 Speaker 5: potentially very good for them. 113 00:06:15,040 --> 00:06:17,240 Speaker 2: Do we know Do you even know whether any of 114 00:06:17,240 --> 00:06:20,159 Speaker 2: the businesses you work with would be eligible at this 115 00:06:20,279 --> 00:06:22,880 Speaker 2: point or is it so light on detail you can't tell. 116 00:06:23,760 --> 00:06:25,960 Speaker 5: Yes, it's the eligibility that's the question, isn't it. 117 00:06:26,000 --> 00:06:26,240 Speaker 3: Ryan. 118 00:06:27,000 --> 00:06:28,840 Speaker 5: I think it's light on detail, but hopefully there is 119 00:06:28,839 --> 00:06:30,880 Speaker 5: still that more comes from it. A couple of things 120 00:06:30,880 --> 00:06:34,000 Speaker 5: that they've cited though, talking about high tech startups and 121 00:06:34,160 --> 00:06:37,400 Speaker 5: community renewable energy, So you wonder how many small you know, 122 00:06:37,640 --> 00:06:40,160 Speaker 5: really small businesses that would be a focus for them 123 00:06:40,480 --> 00:06:43,279 Speaker 5: if you're talking about a hairdresser or you're talking about Mum, Dad, 124 00:06:43,279 --> 00:06:47,640 Speaker 5: plumber so cafe, that they're not really focused on those areas. 125 00:06:47,720 --> 00:06:50,560 Speaker 5: So does that actually already point to a larger sized 126 00:06:50,600 --> 00:06:51,919 Speaker 5: business not a small business. 127 00:06:52,080 --> 00:06:54,360 Speaker 2: We have a three hundred to four hundred million dollar 128 00:06:54,720 --> 00:06:58,080 Speaker 2: Elevate Fund already which is run by the Guardians of 129 00:06:58,160 --> 00:07:00,360 Speaker 2: NZ super I was reading about it last night. Is 130 00:07:00,400 --> 00:07:02,440 Speaker 2: that not exactly what we're talking about. 131 00:07:03,279 --> 00:07:05,599 Speaker 5: It's very similar and there are other things around there. 132 00:07:05,760 --> 00:07:09,920 Speaker 5: There's some research and development funds that they can also access, 133 00:07:10,000 --> 00:07:14,400 Speaker 5: so there's other things. But small businesses are very undeeserved 134 00:07:14,400 --> 00:07:18,440 Speaker 5: and the museealm community and the un financial community, so 135 00:07:18,560 --> 00:07:21,240 Speaker 5: that's why prosper businesses like us are here to help 136 00:07:21,280 --> 00:07:25,080 Speaker 5: those businesses. So major banks are they really do struggle 137 00:07:25,120 --> 00:07:27,880 Speaker 5: to lend people without a security so without a house, 138 00:07:28,800 --> 00:07:30,640 Speaker 5: and that's really to get into their businesses and to 139 00:07:30,720 --> 00:07:33,120 Speaker 5: help them grow. So hopefully this fund actually does give 140 00:07:33,200 --> 00:07:35,480 Speaker 5: some investments, so it's a different investment that can help 141 00:07:35,480 --> 00:07:38,680 Speaker 5: these businesses to grow and really you know, help spark 142 00:07:38,760 --> 00:07:40,640 Speaker 5: up New Zealand. As we were talking about those growth 143 00:07:40,720 --> 00:07:42,640 Speaker 5: numbers before, Adrian when. 144 00:07:42,600 --> 00:07:46,520 Speaker 2: We're talking about you know, the borrowing and then the 145 00:07:46,600 --> 00:07:50,480 Speaker 2: success rate of a company. How many of them flop? Realistically, 146 00:07:51,840 --> 00:07:52,240 Speaker 2: I think. 147 00:07:52,080 --> 00:07:55,160 Speaker 5: It's very high percentage of businesses that flop for terrible 148 00:07:55,200 --> 00:07:59,040 Speaker 5: words that maybe not survive and theirs and you know 149 00:07:59,320 --> 00:08:02,680 Speaker 5: there's all years. But we I mean PUS three alone. 150 00:08:02,720 --> 00:08:03,640 Speaker 6: So that's what we do. 151 00:08:03,720 --> 00:08:05,960 Speaker 5: We lead small businesses. So we are the Kent Canary 152 00:08:05,960 --> 00:08:07,320 Speaker 5: in the mind. We can see what's happening in the 153 00:08:07,400 --> 00:08:10,560 Speaker 5: economy and our portfolio. Our customers are performing very well. 154 00:08:11,080 --> 00:08:12,720 Speaker 5: So a lot of our use of funds we talk 155 00:08:12,760 --> 00:08:14,320 Speaker 5: about it. So a lot of our use of funds 156 00:08:14,440 --> 00:08:17,640 Speaker 5: is for growth, is for staffing, is for marketing, is 157 00:08:17,720 --> 00:08:20,360 Speaker 5: for extra stock. So that's people that are that are 158 00:08:20,360 --> 00:08:22,360 Speaker 5: getting ready for this PSIC period that we're about to 159 00:08:22,400 --> 00:08:25,320 Speaker 5: come into. So our portfolio is performing very well in 160 00:08:25,360 --> 00:08:27,440 Speaker 5: our customers are so that's actually really good to see. 161 00:08:27,680 --> 00:08:30,480 Speaker 2: Adrian, appreciate your time this morning, Adrian Bigbe, Managing director 162 00:08:30,560 --> 00:08:34,839 Speaker 2: of prosper n Z. Time is seventeen after five. Everyone 163 00:08:34,920 --> 00:08:37,560 Speaker 2: News talks theb so elbows in DC at the White House. 164 00:08:37,640 --> 00:08:40,400 Speaker 2: They're talking. He's taken his Minister of Resources with him, 165 00:08:40,440 --> 00:08:43,040 Speaker 2: which is quite a smart move because Trump wants rare 166 00:08:43,200 --> 00:08:45,959 Speaker 2: earth minerals. We know that because he hates China for 167 00:08:46,559 --> 00:08:49,920 Speaker 2: blocking them. So Elbows that there's a tech for Elbow 168 00:08:49,920 --> 00:08:52,680 Speaker 2: who's taken his Minister of Resources. It'll be like Shane 169 00:08:52,760 --> 00:08:55,400 Speaker 2: Jones equivalent. Get him over there, get him talking. But 170 00:08:55,520 --> 00:08:58,200 Speaker 2: on the agenda also is remember that guy from four Corners, 171 00:08:58,240 --> 00:09:00,520 Speaker 2: the ABC journalist opinion. 172 00:09:00,600 --> 00:09:03,560 Speaker 3: You are hurting Australia very much right now, but they 173 00:09:03,640 --> 00:09:04,640 Speaker 3: want to get along with me. 174 00:09:04,800 --> 00:09:07,359 Speaker 2: You know your your your leader. 175 00:09:07,200 --> 00:09:09,000 Speaker 1: Is coming over to see me very soon. 176 00:09:09,120 --> 00:09:10,079 Speaker 7: I'm going to tell him about you. 177 00:09:10,200 --> 00:09:11,240 Speaker 2: You said a very bad. 178 00:09:11,120 --> 00:09:12,239 Speaker 3: Tik well ahead. 179 00:09:15,600 --> 00:09:17,720 Speaker 2: That whole kerfuffle. Well Trump said he's going to bring 180 00:09:17,760 --> 00:09:19,280 Speaker 2: it up with Elbow, so we'll keep your cross that. 181 00:09:19,400 --> 00:09:23,640 Speaker 2: This morning, five seventeen, detail on the inflation number out yesterday. 182 00:09:23,760 --> 00:09:26,560 Speaker 2: Next News Talk Seat B the news you. 183 00:09:26,679 --> 00:09:29,880 Speaker 1: Need this morning and the in depth analysis Earl edition 184 00:09:30,080 --> 00:09:34,040 Speaker 1: with Ryan Bridge and r V Supercenter explore r v's 185 00:09:34,120 --> 00:09:37,160 Speaker 1: accessories and servicing, all in one news talks at B. 186 00:09:37,720 --> 00:09:40,280 Speaker 2: To Randy Andy. Update Now in the UK, Beatrice has 187 00:09:40,320 --> 00:09:42,880 Speaker 2: been visiting mum and dad. They are obviously hold up 188 00:09:42,920 --> 00:09:45,920 Speaker 2: at the moment in the Royal Lodge and at Winsor 189 00:09:45,960 --> 00:09:47,520 Speaker 2: they've got a lease on that place, by the way, 190 00:09:47,640 --> 00:09:51,160 Speaker 2: till twenty seventy eight, so Andrew will stay there until 191 00:09:51,280 --> 00:09:56,040 Speaker 2: basically he's dead. Charles and William continue to disavow him, 192 00:09:56,160 --> 00:10:00,199 Speaker 2: distance him themselves from him, and they have done that 193 00:10:00,320 --> 00:10:04,760 Speaker 2: by scrubbing out on the Buckingham Palace website. They've scrubbed 194 00:10:04,800 --> 00:10:07,959 Speaker 2: out the Duke of York title, so all references to 195 00:10:08,080 --> 00:10:10,480 Speaker 2: the Duke of York have been axed from Royal dot 196 00:10:10,679 --> 00:10:14,520 Speaker 2: UK as of last night, and he's just referred to 197 00:10:14,600 --> 00:10:18,319 Speaker 2: now as Prince Andrew throughout Sarah Ferguson. Meanwhile, her handle 198 00:10:18,640 --> 00:10:21,160 Speaker 2: the Duchess, Sarah the Duchess is what it used to 199 00:10:21,200 --> 00:10:24,840 Speaker 2: say on X Now it says Sarah M. Fergie fifteen. 200 00:10:25,920 --> 00:10:29,840 Speaker 2: There you go five twenty Bryan Bridge. So inflation hit 201 00:10:29,920 --> 00:10:32,040 Speaker 2: three percent for the year to September. That's up from 202 00:10:32,080 --> 00:10:34,040 Speaker 2: two point seven. This is what they said would happen. 203 00:10:34,040 --> 00:10:38,520 Speaker 2: While it's happened, Big culprits, no surprises here, rates, electricity 204 00:10:38,840 --> 00:10:42,400 Speaker 2: rent blame game has begun. Of course. The main contributors 205 00:10:42,520 --> 00:10:44,520 Speaker 2: are those three things, and this is what the PM 206 00:10:44,559 --> 00:10:46,600 Speaker 2: had to say about it yesterday's Classic Council. 207 00:10:46,679 --> 00:10:48,600 Speaker 4: So they've got to focus on the things that matter 208 00:10:48,720 --> 00:10:50,880 Speaker 4: most of their ratepayers are not all the extras. 209 00:10:51,559 --> 00:10:54,200 Speaker 2: Seymour, So, I didn't see this yesterday, but he's still 210 00:10:54,280 --> 00:10:55,360 Speaker 2: not keen on a rates cap. 211 00:10:55,480 --> 00:10:57,719 Speaker 8: If you've solved the problem of a cost blowout, do 212 00:10:57,840 --> 00:10:58,480 Speaker 8: you still need it? 213 00:10:58,760 --> 00:11:01,240 Speaker 1: And if you can't solve the problem of the cost blowout, 214 00:11:01,480 --> 00:11:02,160 Speaker 1: is it gonna work? 215 00:11:02,280 --> 00:11:05,240 Speaker 2: Now, let's go to Gisbon rehit stalts this. This is 216 00:11:05,320 --> 00:11:07,240 Speaker 2: not our fault. Even though rates are going up, not 217 00:11:07,320 --> 00:11:07,760 Speaker 2: our fault. 218 00:11:08,160 --> 00:11:15,120 Speaker 9: Councils don't buy bananas, eggs and appies. We buy steel, concrete, asphelts. 219 00:11:15,559 --> 00:11:18,360 Speaker 2: So the products we use are knock your. 220 00:11:18,360 --> 00:11:23,280 Speaker 9: Everyday household items. So that is why there's a discrepancy. 221 00:11:23,720 --> 00:11:29,600 Speaker 2: Did she say bananas? We don't buy bananas. Labour's finance 222 00:11:29,679 --> 00:11:33,160 Speaker 2: pokes from Barbara Edmonds feeling pretty fiery after Labour's policy 223 00:11:33,160 --> 00:11:35,920 Speaker 2: announcement yesterday. She came out swinging this is on energy. 224 00:11:36,200 --> 00:11:38,640 Speaker 9: Energy price spike that's higher than it was back to 225 00:11:38,720 --> 00:11:39,240 Speaker 9: eighty nine. 226 00:11:39,440 --> 00:11:41,040 Speaker 5: It's like we're going back to the eighties. 227 00:11:41,160 --> 00:11:42,280 Speaker 10: You promise to make it better. 228 00:11:42,480 --> 00:11:43,480 Speaker 9: Your plan isn't working. 229 00:11:44,200 --> 00:11:46,560 Speaker 2: Okay, maybe if you didn't cancel the oil and gas 230 00:11:46,640 --> 00:11:49,400 Speaker 2: exploration we wouldn't be in this mess to begin with. 231 00:11:50,280 --> 00:11:54,280 Speaker 2: Time now is twenty two minutes after five right to 232 00:11:54,559 --> 00:11:57,920 Speaker 2: the stock market we go record stock increases over in 233 00:11:58,000 --> 00:12:00,920 Speaker 2: the US. You would have seen this bulls charging, but 234 00:12:02,200 --> 00:12:05,920 Speaker 2: Wall Street's getting pretty defensive, shifting to defensive stocks. So 235 00:12:06,120 --> 00:12:11,120 Speaker 2: you utilities, your health care, you consumer staples. When things 236 00:12:11,200 --> 00:12:13,800 Speaker 2: get a bit jittery, you go and put your money 237 00:12:13,840 --> 00:12:17,520 Speaker 2: into a bunch of companies that people have to buy from. Electricity, 238 00:12:17,960 --> 00:12:20,839 Speaker 2: you know, drugs grow through that sort of stuff. So 239 00:12:21,520 --> 00:12:23,719 Speaker 2: that portion of the S and P five hundred is 240 00:12:23,760 --> 00:12:26,439 Speaker 2: going to lead the market for the first time this 241 00:12:26,640 --> 00:12:30,240 Speaker 2: month since June of twenty twenty two. That tells you 242 00:12:30,360 --> 00:12:32,840 Speaker 2: that investors are a little bit worried about a slowdown, 243 00:12:33,160 --> 00:12:37,439 Speaker 2: pulling back on your retailers, your home building, you know, 244 00:12:37,559 --> 00:12:40,200 Speaker 2: your air your airlines, that kind of stuff, pulling back 245 00:12:40,240 --> 00:12:43,599 Speaker 2: on that investing in stuff that we need, not that 246 00:12:43,800 --> 00:12:47,880 Speaker 2: we want, stuff that we can't avoid. So that tells 247 00:12:47,920 --> 00:12:50,080 Speaker 2: you something about how people, how investors at least, are 248 00:12:50,120 --> 00:12:52,640 Speaker 2: looking at the state of the US economy. Right now, 249 00:12:52,920 --> 00:12:54,959 Speaker 2: twenty three minutes after five year on news talks, you 250 00:12:55,080 --> 00:12:57,360 Speaker 2: b got a few things to tell you about the 251 00:12:57,520 --> 00:13:00,040 Speaker 2: rates cap idea Next the early. 252 00:13:00,080 --> 00:13:04,839 Speaker 1: Edition full show podcast on Iartradio Power by Newstalks. 253 00:13:04,320 --> 00:13:07,920 Speaker 2: IV five twenty five News Talks EV. A rates cap 254 00:13:08,040 --> 00:13:11,360 Speaker 2: is one of those policies that immediately sounds so appealing. 255 00:13:11,440 --> 00:13:14,240 Speaker 2: Doesn't it look no further than yesterday's CPI number. It's 256 00:13:14,280 --> 00:13:18,200 Speaker 2: one of your top three inflation feeders rates. So throw 257 00:13:18,280 --> 00:13:20,960 Speaker 2: a cap on him, tie their hands behind their backs, 258 00:13:21,480 --> 00:13:23,880 Speaker 2: rain these guys in get rid of the one hundred 259 00:13:23,920 --> 00:13:27,640 Speaker 2: thousand dollars bike rack over here, the multi million dollar 260 00:13:27,760 --> 00:13:31,040 Speaker 2: disco toilet over there, the coffee machines for staff over there, 261 00:13:31,480 --> 00:13:34,040 Speaker 2: and practice though, how do you actually make it work 262 00:13:34,160 --> 00:13:37,760 Speaker 2: without starving these councils of revenue? They actually need to 263 00:13:37,840 --> 00:13:41,400 Speaker 2: fix the pipes. I spoke to Ben Bell from Gore yesterday. 264 00:13:41,880 --> 00:13:46,080 Speaker 2: He said almost ninety percent of their spending goes on basics, 265 00:13:46,160 --> 00:13:49,560 Speaker 2: pipes and roads. The rest is nice to have, which 266 00:13:49,600 --> 00:13:53,440 Speaker 2: he described as libraries and swimming pools, no club sandwiches. 267 00:13:53,480 --> 00:13:56,600 Speaker 2: At the council meetings in Gore, they are drinking instant coffee. 268 00:13:56,800 --> 00:13:59,320 Speaker 2: I can report to you this morning, and yet Gore's 269 00:13:59,440 --> 00:14:02,079 Speaker 2: rate increase have been double digit or close to it 270 00:14:02,200 --> 00:14:04,920 Speaker 2: for several years. They'll be close to double digits again 271 00:14:05,040 --> 00:14:08,520 Speaker 2: this year. And despite that, and the voters knew it, 272 00:14:08,640 --> 00:14:11,280 Speaker 2: the good people of Gore have re elected Bell for 273 00:14:11,320 --> 00:14:14,920 Speaker 2: a second term quite handsomely. So we say we want 274 00:14:15,000 --> 00:14:17,679 Speaker 2: lower rates, of course we do, but the question is 275 00:14:18,200 --> 00:14:21,320 Speaker 2: what will it cost us? Will capping them actually hurt 276 00:14:21,440 --> 00:14:26,000 Speaker 2: us a local economy productivity efficiency if you delay or 277 00:14:26,120 --> 00:14:29,360 Speaker 2: shelve projects. Last week Wayne Brown told me on Herald 278 00:14:29,400 --> 00:14:32,440 Speaker 2: Now that Auckland could have a zero increase next year. 279 00:14:32,480 --> 00:14:36,600 Speaker 2: Doesn't that sound amazing? A zero increase next year if 280 00:14:36,640 --> 00:14:38,920 Speaker 2: it wasn't for the City rail Link, the spending coming 281 00:14:39,000 --> 00:14:41,400 Speaker 2: online for the city railing because it's opening up, it's 282 00:14:41,480 --> 00:14:45,800 Speaker 2: a major transport project. It'll in theory benefit Auckland and 283 00:14:46,000 --> 00:14:49,080 Speaker 2: the country who paid for it. Well, we all did, 284 00:14:49,440 --> 00:14:53,320 Speaker 2: the jaffers and the taxpayers. If we want lower rates, 285 00:14:53,480 --> 00:14:55,560 Speaker 2: we could just not run any trains on the tracks. 286 00:14:56,200 --> 00:14:59,600 Speaker 2: But is that sensible? Don't get me wrong here. I 287 00:14:59,680 --> 00:15:02,720 Speaker 2: am the first to criticize the big spending bozos who 288 00:15:02,840 --> 00:15:06,960 Speaker 2: chuck money at dumb stuff. But most council spending isn't that. 289 00:15:08,600 --> 00:15:12,240 Speaker 2: Most of it is stuff that we need. D Day 290 00:15:12,360 --> 00:15:14,960 Speaker 2: is looming for the government's plan to cap rates and 291 00:15:15,080 --> 00:15:17,760 Speaker 2: it needs to be a measured response. We need spending 292 00:15:17,840 --> 00:15:21,760 Speaker 2: on pipes and roads to continue and waste on disco 293 00:15:21,920 --> 00:15:28,960 Speaker 2: lose somehow flush down the duney Brian bread the number 294 00:15:29,000 --> 00:15:30,680 Speaker 2: two text. Would like your views on that one. Now, 295 00:15:31,720 --> 00:15:36,320 Speaker 2: this is an amazing science story from Overnight fixing blindness. 296 00:15:36,800 --> 00:15:39,760 Speaker 2: They can pretty much do this now if it's age 297 00:15:39,880 --> 00:15:44,920 Speaker 2: related loss of sight. So an electronic eye implant, it's 298 00:15:44,960 --> 00:15:47,200 Speaker 2: about it sort of looks like a little sim card 299 00:15:47,400 --> 00:15:49,720 Speaker 2: and it's about the thickness they reckon of a human here, 300 00:15:49,840 --> 00:15:53,520 Speaker 2: so tiny little thing and they implant that into the retina, 301 00:15:54,480 --> 00:15:59,320 Speaker 2: which gross, okay, gross, but the results are pretty incredible. 302 00:16:00,120 --> 00:16:03,840 Speaker 2: Thirty eight elderly patients were in this trial and they 303 00:16:04,000 --> 00:16:08,040 Speaker 2: regained the ability to read letters, numbers, and words, basically 304 00:16:08,160 --> 00:16:11,040 Speaker 2: got their site back. And it was eighty four percent 305 00:16:11,160 --> 00:16:14,320 Speaker 2: of them were able to do this. They're calling it 306 00:16:14,360 --> 00:16:18,200 Speaker 2: a revolutionary new implant, the first ever device to enable 307 00:16:18,240 --> 00:16:20,480 Speaker 2: people to read letters, numbers and words through an eye 308 00:16:20,560 --> 00:16:24,880 Speaker 2: that has lost its sight. Just incredible. You can use 309 00:16:25,000 --> 00:16:28,480 Speaker 2: the glasses. They put it under your eye and then 310 00:16:28,640 --> 00:16:31,720 Speaker 2: you're able to use AI. There's something clipped to your 311 00:16:31,760 --> 00:16:34,680 Speaker 2: waist to zoom in on stuff. That you're looking at. 312 00:16:34,800 --> 00:16:37,000 Speaker 2: So you you know, basically like if you've got a 313 00:16:37,080 --> 00:16:39,920 Speaker 2: phone and you see an older person with a phone 314 00:16:39,960 --> 00:16:41,760 Speaker 2: and you see how large the text is on that 315 00:16:41,880 --> 00:16:44,560 Speaker 2: phone and you think, wow, they must be blind. Well, 316 00:16:44,600 --> 00:16:47,640 Speaker 2: they probably are a little bit, and this might actually 317 00:16:47,720 --> 00:16:50,120 Speaker 2: reverse some of that. Hey very quickly for you. This 318 00:16:50,240 --> 00:16:53,120 Speaker 2: is an update from Australia. They've accused China with interesting 319 00:16:53,280 --> 00:16:55,480 Speaker 2: timing with elbow over in DC at the moment, but 320 00:16:55,520 --> 00:16:59,600 Speaker 2: they've accused China of releasing flears over one of their 321 00:17:00,080 --> 00:17:02,600 Speaker 2: patrol jets in the South China Sea, so a bit 322 00:17:02,680 --> 00:17:06,919 Speaker 2: more of that. Arjibarji're going on a lot of disputed 323 00:17:07,040 --> 00:17:10,840 Speaker 2: territory over South China seed so Chinese reckoned, the Aussies 324 00:17:10,880 --> 00:17:13,120 Speaker 2: flew into the area space of course, that's all contested. 325 00:17:13,480 --> 00:17:16,320 Speaker 2: News Talks VB will look at these roads of national 326 00:17:16,440 --> 00:17:18,360 Speaker 2: significance before six. 327 00:17:26,800 --> 00:17:29,320 Speaker 1: The first word on the News of the Day Early 328 00:17:29,520 --> 00:17:33,400 Speaker 1: edition with Ryan Bridge and r V Super Center explore 329 00:17:33,520 --> 00:17:36,080 Speaker 1: r v's accessories and servicing all in one. 330 00:17:36,320 --> 00:17:43,439 Speaker 2: News TALKSB just more away from six year on. News 331 00:17:43,520 --> 00:17:46,240 Speaker 2: Talks VB will get to the roads of national significance 332 00:17:46,320 --> 00:17:48,680 Speaker 2: and tolls before six o'clock also Donald de Mayo out 333 00:17:48,680 --> 00:17:51,920 Speaker 2: of Australia for US councils and rates caps. This is 334 00:17:51,960 --> 00:17:55,280 Speaker 2: the idea, this is the one the government's going to progress. Ryan. 335 00:17:55,440 --> 00:17:58,159 Speaker 2: All the big projects and roads used to be covered 336 00:17:58,160 --> 00:18:01,000 Speaker 2: by the government, not local council. This is from Graham. 337 00:18:01,240 --> 00:18:04,280 Speaker 2: They put it on councils, then they added GST. I say, 338 00:18:04,359 --> 00:18:06,440 Speaker 2: give the councils back the GST. That's one way you 339 00:18:06,440 --> 00:18:10,880 Speaker 2: could do it, Graham. Larry says, cost council cost budgeting, 340 00:18:11,000 --> 00:18:14,879 Speaker 2: starting with their inflated payrolls. Please payrollers around twenty five 341 00:18:14,920 --> 00:18:17,840 Speaker 2: to thirty percent of the council costs. Start there. Hack 342 00:18:17,920 --> 00:18:22,080 Speaker 2: it away. Now this is interesting. So we've been speaking 343 00:18:22,119 --> 00:18:24,960 Speaker 2: this morning about the fact that we've got Albanezi, the 344 00:18:25,320 --> 00:18:28,160 Speaker 2: Australian Prime Minister, over in DC. He's at the White 345 00:18:28,200 --> 00:18:30,680 Speaker 2: House meeting with Trump and he's had to take along 346 00:18:31,320 --> 00:18:36,320 Speaker 2: the wet blanket that is Kevin Rudd, and so Kevin 347 00:18:36,359 --> 00:18:39,399 Speaker 2: rudds in the room. He's taken along as Resources Minister 348 00:18:39,480 --> 00:18:42,679 Speaker 2: as well, because obviously Trump wants some rare earth. Anyway, 349 00:18:42,760 --> 00:18:45,920 Speaker 2: Ruds in the room. And remember what Rudd said about 350 00:18:46,040 --> 00:18:48,320 Speaker 2: Trump years ago and what he's tweeted a couple of 351 00:18:48,359 --> 00:18:50,920 Speaker 2: times about him, but he said it was to the 352 00:18:51,000 --> 00:18:54,159 Speaker 2: effect of the most destructive president in US history, is 353 00:18:54,200 --> 00:18:56,399 Speaker 2: how he described Trump. And so then the reporters in 354 00:18:56,480 --> 00:19:01,240 Speaker 2: the room cleverly asks Trump a out run. Have you 355 00:19:01,359 --> 00:19:05,400 Speaker 2: had any concerns with this administration and stance on Palestine, 356 00:19:05,480 --> 00:19:08,480 Speaker 2: climate change, or even the things the ambassador said about 357 00:19:08,520 --> 00:19:10,600 Speaker 2: you in the past, as strain ambassador. 358 00:19:10,600 --> 00:19:13,160 Speaker 3: I don't know anything about him. Man, if you said bad, 359 00:19:13,240 --> 00:19:16,520 Speaker 3: then maybe he'll like to apologize. I don't know. Did 360 00:19:16,680 --> 00:19:18,560 Speaker 3: an ambassador to say something bad about it? 361 00:19:19,200 --> 00:19:19,720 Speaker 2: Don't tell me. 362 00:19:19,760 --> 00:19:21,639 Speaker 4: I don't Where is he? 363 00:19:21,760 --> 00:19:26,680 Speaker 3: Is he still working for you? Yeah? You said bad? 364 00:19:27,200 --> 00:19:31,400 Speaker 3: I don't like you either, and probably never will. 365 00:19:33,600 --> 00:19:36,960 Speaker 2: Twenty two away from six Prime Bridge to reporters around 366 00:19:36,960 --> 00:19:40,040 Speaker 2: the country, Color Proctor and Dneedin this morning, Calum, good morning, morning. 367 00:19:40,160 --> 00:19:40,280 Speaker 11: Right. 368 00:19:40,400 --> 00:19:43,720 Speaker 2: What's this new luxury adventure offering you've got down South? 369 00:19:44,600 --> 00:19:49,600 Speaker 12: Yeah, Look, it's a Milford Sound business class adventure. It's 370 00:19:49,640 --> 00:19:52,800 Speaker 12: a new experience for South Island travelers, taking it to 371 00:19:52,880 --> 00:19:55,080 Speaker 12: the next level in that part of the world. What 372 00:19:55,640 --> 00:19:59,720 Speaker 12: the guests will enjoy his accommodation in Mercedes vans to 373 00:20:00,200 --> 00:20:03,240 Speaker 12: an exclusive lounge and tiano before continuing on to Milford. 374 00:20:03,720 --> 00:20:07,520 Speaker 12: Then they bought a cruise boat turned floating restaurant with 375 00:20:07,600 --> 00:20:11,200 Speaker 12: a menu designed by Michelin trained chef reel In. Zed 376 00:20:11,240 --> 00:20:13,440 Speaker 12: says there is a gap in the market for this. 377 00:20:13,960 --> 00:20:16,440 Speaker 12: Lots of cruises through Milford are very similar, so this 378 00:20:16,520 --> 00:20:18,040 Speaker 12: one will stand out. They say, a lot of guests 379 00:20:18,040 --> 00:20:21,160 Speaker 12: from around the world want this type of business class experience. 380 00:20:21,880 --> 00:20:22,480 Speaker 2: How's your weather? 381 00:20:24,000 --> 00:20:27,800 Speaker 12: Another strong win watched for us today Here strong gusty westerlies. 382 00:20:27,800 --> 00:20:30,760 Speaker 12: Otherwise find the high sixteen today. Cheers Callum and Clare 383 00:20:30,840 --> 00:20:33,040 Speaker 12: and christ Church this morning, clear, good morning. 384 00:20:33,040 --> 00:20:33,639 Speaker 13: Good morning. 385 00:20:33,760 --> 00:20:35,720 Speaker 2: We've got earthquake repairs happening at Burwood. 386 00:20:36,240 --> 00:20:39,480 Speaker 11: Yes, at Burwood Hospital, fifteen years after the fact that 387 00:20:39,600 --> 00:20:43,000 Speaker 11: Ryan this is come to our attention after a tender 388 00:20:43,200 --> 00:20:47,840 Speaker 11: for a construction contractor became available on their government's website, 389 00:20:48,080 --> 00:20:50,880 Speaker 11: Health and Zed is seeking a firm to carry out 390 00:20:50,920 --> 00:20:54,320 Speaker 11: some extensive work across at three of Burwood Hospital buildings. 391 00:20:54,720 --> 00:20:57,919 Speaker 11: It says the minor Surgery building will need existing walls 392 00:20:58,000 --> 00:21:03,119 Speaker 11: and suspended ceilings stripped before being refitted for use for administration, 393 00:21:03,640 --> 00:21:07,200 Speaker 11: while the spinal hospital building requires quake strengthening and repairs 394 00:21:07,480 --> 00:21:10,000 Speaker 11: to walls and ceilings. There's also some work on the 395 00:21:10,119 --> 00:21:14,200 Speaker 11: old administrative building, which needs partial releveling of the foundation 396 00:21:14,440 --> 00:21:17,600 Speaker 11: floor slab. News Talk SB has approached Health and Ed 397 00:21:17,640 --> 00:21:18,400 Speaker 11: for comment. 398 00:21:18,359 --> 00:21:20,560 Speaker 2: On why this is happening now, all right, how's you 399 00:21:20,640 --> 00:21:20,840 Speaker 2: wear that? 400 00:21:21,480 --> 00:21:21,800 Speaker 1: Fine? 401 00:21:22,000 --> 00:21:24,480 Speaker 11: Aside from the chance of an early shower, strong Northwesterly 402 00:21:24,600 --> 00:21:27,360 Speaker 11: is casting one hundred kilometers an hour in exposed places. 403 00:21:27,480 --> 00:21:30,320 Speaker 2: The high twenty two brilliant. Thank you Max and Willington Max, 404 00:21:30,400 --> 00:21:33,240 Speaker 2: good morning, good morning, not one but two tunnels coming 405 00:21:33,280 --> 00:21:33,640 Speaker 2: your way. 406 00:21:34,400 --> 00:21:37,359 Speaker 7: Yes, for the price of well two a two point 407 00:21:37,440 --> 00:21:39,720 Speaker 7: ninety three point eight billion dollars. That's the price tag, 408 00:21:40,640 --> 00:21:43,560 Speaker 7: not just for this long promise second Mount Victoria tunnel, 409 00:21:43,920 --> 00:21:46,920 Speaker 7: but a duplicate Terrace tunnel as well, and an extra 410 00:21:47,040 --> 00:21:51,159 Speaker 7: lane further city. This announced by the government yesterday. They're all, 411 00:21:51,640 --> 00:21:54,680 Speaker 7: it is likely to be told that has felt inevitable. 412 00:21:55,000 --> 00:21:58,080 Speaker 7: The Transport Agency is currently looking over everything. We also 413 00:21:58,119 --> 00:22:00,479 Speaker 7: have a mock up of what the Mount Very tunnel 414 00:22:00,520 --> 00:22:03,640 Speaker 7: would look like. It would essentially split traffic in two 415 00:22:04,320 --> 00:22:06,320 Speaker 7: heading in and out of the city, two lanes each, 416 00:22:06,400 --> 00:22:09,320 Speaker 7: two effective separate tunnels and a closed off walking path 417 00:22:09,400 --> 00:22:12,320 Speaker 7: as well. It would mean three lanes down Vivian Street 418 00:22:12,480 --> 00:22:15,239 Speaker 7: rather than the current two. That's the road that goes 419 00:22:15,280 --> 00:22:17,080 Speaker 7: through the middle of the city heading out towards Kent 420 00:22:17,200 --> 00:22:21,160 Speaker 7: and Cambridge. Terrace's fair play national singing to its campaign 421 00:22:21,200 --> 00:22:25,000 Speaker 7: promise spades in the ground. Still is the expectation regarding 422 00:22:25,080 --> 00:22:28,920 Speaker 7: Mount Victoria by the end of the first term construction work. 423 00:22:29,080 --> 00:22:30,879 Speaker 7: It is all being fast tracked and there will be 424 00:22:30,960 --> 00:22:32,320 Speaker 7: public consultation as well. 425 00:22:33,480 --> 00:22:38,680 Speaker 2: They seem to be opposing ideas fast track and public consultation. Hey, 426 00:22:38,920 --> 00:22:41,280 Speaker 2: interesting listening to Bishop us today talk about if you 427 00:22:41,359 --> 00:22:43,560 Speaker 2: could do the Mount vic tunnel and not do the 428 00:22:43,640 --> 00:22:45,879 Speaker 2: terrist One, but you would just shift the problem. You 429 00:22:46,200 --> 00:22:47,880 Speaker 2: actually need to do both of them at the same 430 00:22:47,960 --> 00:22:50,960 Speaker 2: time to solve it. Do you think Wellingtonians will care 431 00:22:50,960 --> 00:22:53,040 Speaker 2: about the toll paying the toll? Would you care? 432 00:22:53,600 --> 00:22:56,679 Speaker 7: I think we're pragmatic people and I think we understand 433 00:22:56,720 --> 00:22:59,679 Speaker 7: that when you get luxurious transport plans like this, they 434 00:22:59,720 --> 00:23:02,560 Speaker 7: have to be paid for, right. They may not be 435 00:23:02,560 --> 00:23:04,440 Speaker 7: happy about it initially, but they'll get used to it, 436 00:23:04,600 --> 00:23:06,080 Speaker 7: like most places with toll roads. 437 00:23:06,119 --> 00:23:07,760 Speaker 2: Yeah, I think you're right. How's your wear? The Max 438 00:23:08,640 --> 00:23:11,119 Speaker 2: Rainy and very Wendy seventeen The High brilliant. Thank you, 439 00:23:11,280 --> 00:23:14,000 Speaker 2: Neva and Auckland morning, Neva, good morning. Are Wesley College 440 00:23:14,080 --> 00:23:15,680 Speaker 2: thuggery and beatings rife? 441 00:23:15,960 --> 00:23:19,879 Speaker 10: Yes, And the former students of Wesley College have come 442 00:23:19,920 --> 00:23:21,800 Speaker 10: out and they're saying, hey, look, there's been right for 443 00:23:21,880 --> 00:23:25,160 Speaker 10: the school for decades. Because this has all happened. Because 444 00:23:25,160 --> 00:23:28,040 Speaker 10: the school's just announced the closure of its hostels. This 445 00:23:28,119 --> 00:23:31,240 Speaker 10: will happen at the end of the year amid reports 446 00:23:31,280 --> 00:23:35,560 Speaker 10: of violence and safety and culture concerns. The Herald has 447 00:23:35,560 --> 00:23:37,960 Speaker 10: got a great story on this. This is leading the 448 00:23:38,000 --> 00:23:41,359 Speaker 10: Herald this morning. One nineteen eighty nine student told the 449 00:23:41,400 --> 00:23:44,960 Speaker 10: Herald that he witnessed several students hit in the body 450 00:23:45,000 --> 00:23:48,600 Speaker 10: with pillow cases filled with objects like soap and drink bottles, 451 00:23:48,640 --> 00:23:51,800 Speaker 10: and another student from the seventies said that he's got 452 00:23:52,000 --> 00:23:55,480 Speaker 10: vivid memories of Caning's leaving you know, these large black, 453 00:23:55,600 --> 00:23:59,080 Speaker 10: bleeding welts. So yeah, not good, not good? 454 00:23:59,440 --> 00:24:01,040 Speaker 2: How's that? Where can you cheer us up with that? 455 00:24:01,320 --> 00:24:01,359 Speaker 3: No? 456 00:24:01,600 --> 00:24:04,760 Speaker 10: Not really, no, you just like here, Look, there's no rain, 457 00:24:05,080 --> 00:24:08,560 Speaker 10: but it's cloudy and it's particularly windy, just like the 458 00:24:08,600 --> 00:24:11,400 Speaker 10: rest of the country. That spring kind of weather, isn't 459 00:24:11,400 --> 00:24:12,959 Speaker 10: it this time of the year. But it is going 460 00:24:13,000 --> 00:24:15,360 Speaker 10: to be warm. Twenty two is a high year in augrillid. 461 00:24:14,920 --> 00:24:16,960 Speaker 2: And thank you never seventeen away from six year on 462 00:24:17,040 --> 00:24:18,760 Speaker 2: News Talk said, but by the way, the big mega 463 00:24:18,800 --> 00:24:21,440 Speaker 2: strike that's happening, well, it's just getting bigger. It's snowball 464 00:24:21,480 --> 00:24:24,159 Speaker 2: and getting bigger and bigger as it travels down the mountain. 465 00:24:24,200 --> 00:24:28,560 Speaker 2: And who's joining the party? Acc Union members who you know, 466 00:24:29,480 --> 00:24:32,680 Speaker 2: grind my gears because they're the guys who was so 467 00:24:32,920 --> 00:24:36,720 Speaker 2: upset about having to go back to work three days 468 00:24:36,720 --> 00:24:40,720 Speaker 2: a week into the office. So they were having two 469 00:24:40,840 --> 00:24:42,920 Speaker 2: days a week in the office. Now they have to 470 00:24:43,000 --> 00:24:47,479 Speaker 2: do three. The poor we thinks by striking, I mean 471 00:24:47,800 --> 00:24:50,399 Speaker 2: they probably would have been at home anyway. Will anyone 472 00:24:50,480 --> 00:24:53,679 Speaker 2: actually notice that the ACC union members are on strike, 473 00:24:53,880 --> 00:24:56,160 Speaker 2: that's the question News Talk said. B If you run 474 00:24:56,200 --> 00:24:58,200 Speaker 2: a small business, you know the pain of waiting to 475 00:24:58,280 --> 00:25:00,679 Speaker 2: get paid. You finished a job, you see the invoice, 476 00:25:00,720 --> 00:25:03,040 Speaker 2: and then you spend weeks chasing people up like some 477 00:25:03,160 --> 00:25:06,359 Speaker 2: sort of debt collector. It's no fun. Zero's Tap to 478 00:25:06,440 --> 00:25:09,160 Speaker 2: Pay powered by Stripe, changes all of this. Your customer 479 00:25:09,200 --> 00:25:11,320 Speaker 2: taps their card on your phone, Boom, you paid on 480 00:25:11,400 --> 00:25:14,040 Speaker 2: the spot, no fancy payment terminal needed, just the zero 481 00:25:14,200 --> 00:25:16,879 Speaker 2: accounting app. And here's the really smart bit of all 482 00:25:16,920 --> 00:25:19,200 Speaker 2: of this. Once the payment goes through, the invoice is 483 00:25:19,280 --> 00:25:23,000 Speaker 2: automatically marked as paid in zero, ready to be reconciled. 484 00:25:23,080 --> 00:25:26,119 Speaker 2: This means less admin less marking around with the paperwork, 485 00:25:26,200 --> 00:25:28,400 Speaker 2: more time doing what you actually are meant to be doing, 486 00:25:28,440 --> 00:25:31,960 Speaker 2: which is running your business. It's secure, it's instant, and 487 00:25:32,040 --> 00:25:34,440 Speaker 2: it keeps your cash flow moving instead of grinding to 488 00:25:34,520 --> 00:25:37,320 Speaker 2: a halt every month. Except payments on the spot as 489 00:25:37,359 --> 00:25:40,440 Speaker 2: soon as the job's complete. No more awkward conversations about 490 00:25:40,520 --> 00:25:42,560 Speaker 2: chasing up and invoice all that sort of stuff. The 491 00:25:42,680 --> 00:25:47,080 Speaker 2: small businesses that will benefit from this, it could genuinely 492 00:25:47,160 --> 00:25:50,240 Speaker 2: be a game changer. Less time chasing the payments, more 493 00:25:50,320 --> 00:25:53,800 Speaker 2: time focusing on what you do best. Supercharge your business 494 00:25:53,840 --> 00:25:55,960 Speaker 2: with zero tap to pay, getting paid has got a 495 00:25:56,040 --> 00:25:58,760 Speaker 2: whole lot easier search, zero tap to pay. 496 00:26:00,080 --> 00:26:03,400 Speaker 1: A correspondence with ends in eye insurance, peace of mind 497 00:26:03,480 --> 00:26:04,480 Speaker 1: for New Zealand business. 498 00:26:05,359 --> 00:26:07,359 Speaker 2: Well so pot roads and tolls and just the second 499 00:26:07,400 --> 00:26:10,640 Speaker 2: first on a tomorrow Australia correspondent, Good morning Donna, Good 500 00:26:10,680 --> 00:26:13,240 Speaker 2: morning to you. So the PMS in Washington, I see 501 00:26:13,359 --> 00:26:15,119 Speaker 2: he's taken his Resources minister. 502 00:26:16,960 --> 00:26:21,120 Speaker 13: Yes, well, we know that this is a very big deal, 503 00:26:21,240 --> 00:26:24,480 Speaker 13: this crucial meeting with Donald Trump, because we know that 504 00:26:24,560 --> 00:26:28,040 Speaker 13: it's the first formal face to face with the US president. 505 00:26:29,000 --> 00:26:32,280 Speaker 13: You know, when he arrived last night, he didn't address 506 00:26:32,320 --> 00:26:34,680 Speaker 13: the media at that time. He got straight to a 507 00:26:34,800 --> 00:26:37,440 Speaker 13: waiting car and off he went. And we know that 508 00:26:37,840 --> 00:26:40,280 Speaker 13: they've been meeting for a little while. They've had four 509 00:26:40,359 --> 00:26:43,760 Speaker 13: phone calls since Trump's twenty twenty four election and a 510 00:26:43,840 --> 00:26:46,040 Speaker 13: brief encounter in New York in September. But this is 511 00:26:46,160 --> 00:26:50,040 Speaker 13: like the proper, full on sit down chat. We know 512 00:26:50,240 --> 00:26:54,640 Speaker 13: that just moments ago they signed an agreement on critical 513 00:26:54,800 --> 00:26:57,520 Speaker 13: minerals and rare earths. Now these are the things that 514 00:26:57,600 --> 00:26:59,879 Speaker 13: are used to make what they call consumer tech like 515 00:27:00,000 --> 00:27:03,080 Speaker 13: mobile phones, et cetera. And so Trump actually said all 516 00:27:03,119 --> 00:27:06,040 Speaker 13: the deal was negotiated over four or five months or so. 517 00:27:06,560 --> 00:27:09,520 Speaker 13: And we've heard from Anthony Albanesi a couple of matches 518 00:27:09,800 --> 00:27:12,720 Speaker 13: and he said that Australia has an eight point five 519 00:27:13,040 --> 00:27:16,440 Speaker 13: billion dollar pipeline ready to go in that regard. So 520 00:27:16,920 --> 00:27:21,080 Speaker 13: that deal has been done. But now they've been taking 521 00:27:21,200 --> 00:27:24,399 Speaker 13: questions from media and it's all been very interesting as 522 00:27:24,440 --> 00:27:28,600 Speaker 13: that unfolds. But we have heard Albanezi congratulating Trump on 523 00:27:29,280 --> 00:27:33,560 Speaker 13: the Middle East ceasefire, saying it's an extraordinary achievement. And 524 00:27:34,400 --> 00:27:36,639 Speaker 13: or he also said that we have great friends and 525 00:27:36,760 --> 00:27:39,800 Speaker 13: great allies, and this relationship has been forged in the 526 00:27:39,960 --> 00:27:41,359 Speaker 13: battlefields of the world. 527 00:27:42,600 --> 00:27:44,280 Speaker 8: So there you go. 528 00:27:44,400 --> 00:27:47,520 Speaker 13: We're just hearing about freedom and democracy. In fact from 529 00:27:47,800 --> 00:27:52,000 Speaker 13: Albow as he sits alongside Donald Trump in Washington. 530 00:27:52,119 --> 00:27:53,760 Speaker 2: You go to do a little bit. He goes stroking 531 00:27:53,800 --> 00:27:56,520 Speaker 2: while you're in DC. It's just part of the course. 532 00:27:56,920 --> 00:27:59,480 Speaker 2: Thanks Don and Donald Mayo, Australia correspondent, just gone eleven 533 00:27:59,480 --> 00:28:02,399 Speaker 2: minutes away from six. By the way, the seat numbers 534 00:28:02,440 --> 00:28:04,920 Speaker 2: I was telling you about earlier up a percent month 535 00:28:05,000 --> 00:28:07,399 Speaker 2: on month, three percent quarter on quarter, six percent year 536 00:28:07,480 --> 00:28:10,120 Speaker 2: on year, although volumes a bit lower. The number of heirs. 537 00:28:10,160 --> 00:28:11,960 Speaker 2: The bad bit about it. The number of New Zealand 538 00:28:12,000 --> 00:28:17,320 Speaker 2: candidates applying for roles in Australia remains up. This is 539 00:28:17,440 --> 00:28:20,359 Speaker 2: based on pre COVID levels, so there are still more 540 00:28:20,440 --> 00:28:22,879 Speaker 2: people interested in working in Australia than we would normally 541 00:28:23,000 --> 00:28:25,159 Speaker 2: see in a pre COVID period. Maybe it's to do 542 00:28:25,240 --> 00:28:26,879 Speaker 2: with all their mineral jobs that they've got all the 543 00:28:26,960 --> 00:28:30,320 Speaker 2: mining jobs that they've got, right, Ryan, government set aside 544 00:28:30,320 --> 00:28:32,440 Speaker 2: a combined total of one point two billion. This is 545 00:28:32,520 --> 00:28:36,000 Speaker 2: to get key projects moving in the roads of National Significance. 546 00:28:36,080 --> 00:28:39,400 Speaker 2: Program includes half a billion to buy up houses. Tolls 547 00:28:39,440 --> 00:28:41,880 Speaker 2: will be the default. James Smith is with the National 548 00:28:41,960 --> 00:28:45,120 Speaker 2: Road Carries with me this morning. James, Good morning, Good 549 00:28:45,200 --> 00:28:47,120 Speaker 2: morning Ryan. Does the toll I mean, how do you 550 00:28:47,120 --> 00:28:49,760 Speaker 2: feel about the tolls? Does that cancel out the efficiency 551 00:28:49,880 --> 00:28:52,240 Speaker 2: or the benefit from the fast and newer roads or 552 00:28:52,680 --> 00:28:53,840 Speaker 2: is there a net gain? 553 00:28:55,360 --> 00:28:58,280 Speaker 8: There's normally a net gain, Ryan, So normally you get 554 00:28:58,880 --> 00:29:01,960 Speaker 8: to the increased productivity cancels out the cost of the tonnel. 555 00:29:02,920 --> 00:29:05,480 Speaker 2: What do you expect with the roads that we have done, 556 00:29:05,600 --> 00:29:09,200 Speaker 2: Like I'm thinking North of Auckland, I'm thinking Company Expressway. 557 00:29:09,640 --> 00:29:13,000 Speaker 2: What have you seen? How significant has the shift been? 558 00:29:14,680 --> 00:29:17,400 Speaker 8: It's been It has been significant. So what we've seen 559 00:29:17,720 --> 00:29:23,440 Speaker 8: is not only slightly faster times, but it's more the consistency, 560 00:29:24,000 --> 00:29:26,400 Speaker 8: So the fact that the route is now a lot 561 00:29:26,480 --> 00:29:30,040 Speaker 8: more dependable. It's a lot more reliable. So what you 562 00:29:30,160 --> 00:29:33,520 Speaker 8: need in our sector is consistency. So you need to 563 00:29:33,600 --> 00:29:35,880 Speaker 8: know that if you leave it X, you're going to 564 00:29:35,960 --> 00:29:37,880 Speaker 8: arrive at y and you're going to do that on 565 00:29:37,960 --> 00:29:41,600 Speaker 8: a consistent basis. So we're seeing that with all of 566 00:29:41,640 --> 00:29:46,080 Speaker 8: these projects, they've brought much needed resilience, safety, and productivity 567 00:29:46,120 --> 00:29:46,680 Speaker 8: to the network. 568 00:29:46,840 --> 00:29:50,440 Speaker 2: Does that make stuff cheaper for us because you're carrying 569 00:29:50,480 --> 00:29:51,200 Speaker 2: our goods, aren't you? 570 00:29:52,400 --> 00:29:55,440 Speaker 8: Yeah, we are, And it slows down the rate of 571 00:29:56,480 --> 00:30:00,320 Speaker 8: rate of increase, so everything else is still going up. 572 00:30:00,880 --> 00:30:04,440 Speaker 8: So sorry, but yes, you still expect rates to rise, 573 00:30:04,880 --> 00:30:07,120 Speaker 8: but it helps soften that blow. 574 00:30:07,880 --> 00:30:12,200 Speaker 2: Do we need do you need some sort of reassurance infrastructure? 575 00:30:12,200 --> 00:30:13,760 Speaker 2: New Zealand came out as they saying, we want to 576 00:30:13,760 --> 00:30:16,360 Speaker 2: see more bipartisan buy in on this kind of stuff, 577 00:30:16,480 --> 00:30:17,560 Speaker 2: especially if it's rons. 578 00:30:17,920 --> 00:30:22,680 Speaker 8: Do you agree, Oh, absolutely, and we've actually seen that already, 579 00:30:23,240 --> 00:30:29,160 Speaker 8: so Labor transport spokesmen and have actually already said that 580 00:30:29,320 --> 00:30:34,280 Speaker 8: if the projects are actually up and honking, if there's 581 00:30:34,280 --> 00:30:37,200 Speaker 8: a change of government, they will honor the projects. So 582 00:30:37,800 --> 00:30:40,600 Speaker 8: that's why it's absolutely mission critical that these projects, some 583 00:30:40,680 --> 00:30:44,040 Speaker 8: of them we'd been wanning for since the nineteen fifties 584 00:30:44,040 --> 00:30:48,160 Speaker 8: for goodness sake, can actually get shovels on the ground 585 00:30:48,160 --> 00:30:48,640 Speaker 8: and get moving. 586 00:30:49,040 --> 00:30:51,640 Speaker 2: Appreciate your time this morning. James Smith's National Road carriers 587 00:30:51,680 --> 00:30:54,200 Speaker 2: with us. It is eight minutes to six News Talks. 588 00:30:54,240 --> 00:30:58,520 Speaker 1: He'd be get ahead of the headlines on early edition 589 00:30:58,880 --> 00:31:03,680 Speaker 1: with Bryan Bridge and r V Supercenter explore RVs accessories 590 00:31:03,720 --> 00:31:06,000 Speaker 1: and servicing all in one News talks'b. 591 00:31:06,320 --> 00:31:08,760 Speaker 2: It is six away from six News TALKS'B. The energy 592 00:31:08,800 --> 00:31:10,760 Speaker 2: costs we were talking about earlier that fed into the 593 00:31:10,880 --> 00:31:13,440 Speaker 2: CPI number that we got yesterday, up eleven point three 594 00:31:13,480 --> 00:31:15,560 Speaker 2: percent from a year ago. That is the biggest jump 595 00:31:15,600 --> 00:31:18,880 Speaker 2: since nineteen eighty nine, and back then that was caused 596 00:31:18,920 --> 00:31:22,920 Speaker 2: by a GST increase, So for a non tax increase, 597 00:31:23,200 --> 00:31:25,800 Speaker 2: it was the biggest jumps in nineteen eighty seven, which 598 00:31:25,840 --> 00:31:27,440 Speaker 2: is why you're feeling it when you turn your heat 599 00:31:27,440 --> 00:31:30,960 Speaker 2: pump on over winter. Gas prices up fifteen percent and 600 00:31:31,600 --> 00:31:33,880 Speaker 2: that was the second court and that's just for the quarter, 601 00:31:34,360 --> 00:31:35,880 Speaker 2: and that was the second quarter in the road that 602 00:31:35,920 --> 00:31:39,320 Speaker 2: they were up over fifteen percent. It is sorry, six 603 00:31:39,360 --> 00:31:40,480 Speaker 2: minutes away from six. 604 00:31:40,960 --> 00:31:41,800 Speaker 8: Bryan Bridge. 605 00:31:42,040 --> 00:31:44,160 Speaker 2: Mike's in the studio this morning. Mike, I know you 606 00:31:44,200 --> 00:31:47,640 Speaker 2: would have been watching those press conferences yesterday. What did 607 00:31:47,680 --> 00:31:49,800 Speaker 2: you make of Labour's artwork? The background? 608 00:31:50,080 --> 00:31:52,320 Speaker 6: It was beautiful, wasn't it? What I what I liked 609 00:31:52,440 --> 00:31:54,800 Speaker 6: is that it wandered around the whatever it was called 610 00:31:54,840 --> 00:31:58,120 Speaker 6: a start startup with and they said, so, so you 611 00:31:58,520 --> 00:32:00,400 Speaker 6: so you need some money and the guy goes, no, no, 612 00:32:00,520 --> 00:32:03,080 Speaker 6: we're good. And what about you, mate, you're looking for 613 00:32:03,120 --> 00:32:05,200 Speaker 6: a bit of funding, are you? Goes no, no, we're 614 00:32:05,200 --> 00:32:06,920 Speaker 6: pretty good, Which is one of the great questions to 615 00:32:06,960 --> 00:32:10,000 Speaker 6: come out of the idea is there a shortage of money? 616 00:32:10,600 --> 00:32:12,320 Speaker 6: And the answer seems to me to be no. I mean, 617 00:32:12,360 --> 00:32:16,000 Speaker 6: if you follow globally these sort of things, there's money everywhere. 618 00:32:16,320 --> 00:32:20,480 Speaker 2: There's everything. There's also already managed by the guardians of 619 00:32:20,520 --> 00:32:23,480 Speaker 2: the super Fund, a four hundred million dollar elevate fund 620 00:32:23,920 --> 00:32:26,080 Speaker 2: which goes exactly to companies like this. 621 00:32:26,320 --> 00:32:28,800 Speaker 6: It's one of those altruistic ideas that you can't argue with. 622 00:32:28,840 --> 00:32:32,280 Speaker 6: You think, oh, yeah, that sounds like that's a nice idea, 623 00:32:32,400 --> 00:32:34,360 Speaker 6: isn't it. In the moment you go around saying, well, 624 00:32:34,480 --> 00:32:36,240 Speaker 6: who's in charge of it? And what decisions are they 625 00:32:36,240 --> 00:32:37,840 Speaker 6: going to make? And what about the risk on return 626 00:32:37,880 --> 00:32:39,120 Speaker 6: and stuff like that, there's no answers. 627 00:32:39,320 --> 00:32:41,800 Speaker 2: I think the smart thing that they've done is realize 628 00:32:42,120 --> 00:32:46,479 Speaker 2: their own shortcomings and that say that you winners. 629 00:32:46,680 --> 00:32:49,719 Speaker 6: There's probably something in there. Yeah, go get it off 630 00:32:49,760 --> 00:32:53,280 Speaker 6: to somebody else. Hey, did you speaking? Which did you see? 631 00:32:53,400 --> 00:32:56,080 Speaker 6: That is the charter school for the sports thing? The 632 00:32:56,160 --> 00:32:56,960 Speaker 6: greatest thing in the world. 633 00:32:57,120 --> 00:32:57,479 Speaker 2: Excellent? 634 00:32:57,560 --> 00:32:59,480 Speaker 6: Did every single one of us who went to school 635 00:32:59,600 --> 00:33:03,160 Speaker 6: really want to just play sport? And and how much 636 00:33:03,280 --> 00:33:05,840 Speaker 6: better would we have been if we'd gone to a 637 00:33:05,920 --> 00:33:08,600 Speaker 6: school that just elevated sport to a level that we 638 00:33:08,640 --> 00:33:11,840 Speaker 6: could go on to greatness? Well, I personally, I mean 639 00:33:12,920 --> 00:33:16,040 Speaker 6: as your unco what for some of us who were 640 00:33:16,120 --> 00:33:18,080 Speaker 6: athletic we would have were you? 641 00:33:18,920 --> 00:33:20,440 Speaker 2: Yeah? And what what area? 642 00:33:21,000 --> 00:33:22,000 Speaker 6: Look name of sport? 643 00:33:22,080 --> 00:33:22,440 Speaker 2: I'm good. 644 00:33:23,520 --> 00:33:25,400 Speaker 6: I was very good at I was very good at tennis, 645 00:33:25,880 --> 00:33:27,080 Speaker 6: and I was very good at basketball. 646 00:33:27,120 --> 00:33:29,800 Speaker 2: If I chucked you in a pool, how well was useless? Absolutely? 647 00:33:29,800 --> 00:33:30,760 Speaker 2: You know I didn't think I could. 648 00:33:30,880 --> 00:33:32,120 Speaker 6: I couldn't swim to save yourself. 649 00:33:32,320 --> 00:33:34,760 Speaker 2: But but you know it's a great idea. But what 650 00:33:34,880 --> 00:33:38,480 Speaker 2: a fantastical And why would the unions oppose it? 651 00:33:38,640 --> 00:33:41,800 Speaker 6: You know, because they are miserable sobs menas And you've 652 00:33:41,800 --> 00:33:43,680 Speaker 6: got to ask old Pipkins is he going to close 653 00:33:43,720 --> 00:33:46,760 Speaker 6: them down again like he did last time? Ideology? 654 00:33:47,400 --> 00:33:50,880 Speaker 2: All right, look forward today's show mate, see you tomorrow. Everyone, 655 00:33:50,920 --> 00:33:51,479 Speaker 2: have a Great day. 656 00:33:56,600 --> 00:33:59,520 Speaker 1: For more from Early Edition with Ryan Bridge, listen live 657 00:33:59,680 --> 00:34:02,640 Speaker 1: to new talks. It'd be from five am weekdays, or 658 00:34:02,760 --> 00:34:04,640 Speaker 1: follow the podcast on iHeartRadio