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Speaker 1: The issues, the interviews and the insight.

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Speaker 2: Andrew Dickens on early edition with one roof make your

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Speaker 2: Property search simple news talks.

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Speaker 3: It'd be as goodbrding to you. Welcome to the program,

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Speaker 3: Welcome to your Thursday. And what's happening in the next

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Speaker 3: sixty minutes? Well MEEWA and met service out to merge. Now,

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Speaker 3: why we're there two weather agencies in the first place?

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Speaker 3: And will one agency mean the forecast will be right?

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Speaker 3: Independent forecast? The Philip A dun Philipper Philip duncan excuse me, Philip,

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Speaker 3: Philip will be with me in about five minutes time

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Speaker 3: by New Zealand Maid they say, And now the government says,

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Speaker 3: how buy wool carpets and their projects? What does that

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Speaker 3: mean for this fantastic fiber That story in ten our

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Speaker 3: thoughts on the curious case of Benjamin Doyle, just before

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Speaker 3: the five thirty and what is the Reserve Bank really

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Speaker 3: saying about the global economy. We've got Brad Olson in

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Speaker 3: just before six. We'll have these stories past Emit McCann

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Speaker 3: from the United States of America and correspondence from right

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Speaker 3: around New Zealand and news as it breaks, and you

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Speaker 3: can have your save giving me a text. The text

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Speaker 3: number ninety two ninety two. A small charge applies at

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Speaker 3: seven after five the agenda and it's Thursday, the tenth

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Speaker 3: of April and first of the Dominican Republic, where at

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Speaker 3: least one hundred and twenty four people have now died

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Speaker 3: and more than one hundred and fifty have been injured

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Speaker 3: after a roof collapsed at the nightclub in the capital

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Speaker 3: Santo Domingo. Hundreds of rescue workers are still continuing to

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Speaker 3: search for survivors of the incident, which happened just before

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Speaker 3: one am local time at the jet Set Club. Guests

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Speaker 3: of the nightclub were attending a concert. Tragically, the singer

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Speaker 3: Ravi Perez has been confirmed dead, along with Major League

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Speaker 3: Baseball players Octavio Dotel and Tony Blanco, and a provincial

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Speaker 3: governor also dies in the incident.

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Speaker 4: Well.

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Speaker 5: Among the people that are confirmed that are two former

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Speaker 5: MLB players major League Baseball players, there's also the governor

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Speaker 5: of a local province.

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Speaker 6: Here.

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Speaker 5: In fact, that governor, as she was buried underneath the rubble,

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Speaker 5: called the precedence of the Dominican Republic to let the

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Speaker 5: President know what was going on now.

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Speaker 3: The tariff turmoil, it continues. China has now announced an

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Speaker 3: eighty four percent tariff on US imports. This comes after

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Speaker 3: Trump imposed a one hundred and four percent tariff on

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Speaker 3: Chinese goods entering the US.

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Speaker 7: Right now, China's paying a one hundred and four percent

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Speaker 7: tarraff think of it, one hundred and four percent now,

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Speaker 7: it sounds ridiculous, but they charged US for many items

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Speaker 7: one hundred percent, one hundred and twenty five percent. Many

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Speaker 7: countries have They've ripped us off left and right.

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Speaker 1: But now it's our turn to do the ripping.

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Speaker 3: But do they anyway? To Europe, and the European Union

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Speaker 3: has voted to join China and Canada in pushing back

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Speaker 3: against the tariffs. The EU is set to impose extra duties,

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Speaker 3: mostly of about twenty five percent citaly not one hundred percent,

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Speaker 3: on a range of US imports that these view tariffs

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Speaker 3: will take effect from the fifteenth of April.

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Speaker 8: Pease measures have an impact on markets, on the economy,

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Speaker 8: to wilder pressure on the administration to back off, so

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Speaker 8: that raises questions of credibility. How credible gets it for

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Speaker 8: the US to maintain these measures all the time.

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Speaker 3: And finally, to King Charles, it was his wedding anniversary yesterday,

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Speaker 3: twenty years since he married Camilla. Also the same anniversary

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Speaker 3: of the death of his father. So that's tragic. But

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Speaker 3: here we go. Now, King Charles has become the first

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Speaker 3: British monarch to address a joint session of the Italian Parliament.

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Speaker 3: The King and Queen, of course, as I said, celebrated

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Speaker 3: their twentieth wedding anniversary on the trip to Italy. Here

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Speaker 3: is some of the King's speech.

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Speaker 9: We have benefited hugely from your influence over what we wear,

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Speaker 9: what we drink, and what we eat. I can only

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Speaker 9: hope you will forgive us for occasionally corrupting your wonderttle cuisine.

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Speaker 9: We do so, I promise to you with the greatest possible effect.

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Speaker 1: I'm only a.

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Speaker 3: Little disappointed that I didn't hear the King speaking a

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Speaker 3: little bit of Italian, because I think as Italian would

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Speaker 3: sound marvelous. It's coming up eleven half to five.

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Speaker 2: On your radio and online on iHeartRadio Early edition with

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Speaker 2: Andrew Dickens and one roof Make Your Property Search Simple

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Speaker 2: Youth Talk.

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Speaker 3: Said be I have never been surrounded by more unemployed people.

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Speaker 3: Now that's partly because of my age, but also because

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Speaker 3: of my profession. Many of my friends are journalists, and

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Speaker 3: many are connected to the media, and partly because I

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Speaker 3: also know a lot of people who work in public service,

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Speaker 3: and I know a lot of people involved in businesses

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Speaker 3: that provide service for the public service. And then I've

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Speaker 3: got a whole heap of friends involved in private business

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Speaker 3: who are also hurting, because frankly, we're all hurting. And meanwhile,

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Speaker 3: the world headlines are not uplifting. Trump imposing tariffs of

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Speaker 3: more than one hundred percent on China can't be good

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Speaker 3: for anyone. But yesterday I decided I must find a

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Speaker 3: reason to be hopeful, and I see that in the

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Speaker 3: drop in the ocr The drop in the ocr is

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Speaker 3: a good thing, not just for our personal pockets with

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Speaker 3: our interest rates, but also for the dollar, which I

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Speaker 3: think is a very critical thing these days. The lower

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Speaker 3: the interest rates, the lower the dollar. Money seeks higher

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Speaker 3: interest rates for better returns, And in Trump's tariff war,

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Speaker 3: that's a good thing. You see, we're facing a ten

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Speaker 3: percent tariff, which makes our products ten percent more expensive

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Speaker 3: in America. But if our dollar remains low, perhaps the

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Speaker 3: price point will remain unchanged in the United States. Perhaps

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Speaker 3: the States won't see our stuff as expensive, maybe they'll

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Speaker 3: keep buying it, and therefore the impact on us might

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Speaker 3: be reduced. So yesterday our dollar in fact crept a

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Speaker 3: little higher, but I saw the ten year treasury yields climbed.

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Speaker 3: This is in the United States, climb to round about

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Speaker 3: four point four to two percent. That is the highest

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Speaker 3: I've been since February, and that's higher than US. Investors

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Speaker 3: are partly believing that bonds in the States might provide

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Speaker 3: greater returns amid the uncertainty surrounding the global trade dynamics.

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Speaker 3: So they're buying the ten percent year old. Look at

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Speaker 3: that four point four to two percent, Why wouldn't you. Unfortunately,

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Speaker 3: when it comes to thirty year bonds in the United States,

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Speaker 3: that's not a good story. But whatever, long may that continue.

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Speaker 3: Long may the United States have higher interest rates than US.

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Speaker 3: And let's hope our dollar remains low because that might

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Speaker 3: be our saving.

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Speaker 1: Grace Andrew Dickens.

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Speaker 3: Now, now I drive an EV. I don't do it

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Speaker 3: to save the planet. I drive one because it's plain

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Speaker 3: out and out cheaper, because I do big mileage. I

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Speaker 3: go down to the Corrimandal every fortnight. My running costs

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Speaker 3: are coming in at about thirty percent compared to my

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Speaker 3: petrol only days, so it's good for my pocket. But

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Speaker 3: opponents of EV's right now are feeling a little vindicated

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Speaker 3: by a study that came out yesterday from Auckland University

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Speaker 3: in a Chinese university that says evs have not contributed

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Speaker 3: to a drop in polluting carbon dioxide emissions. I didn't

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Speaker 3: need a university study to tell me that if you

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Speaker 3: charge your EV using electricity that is generated by burning

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Speaker 3: fossil fuels, then you're not helping the cause at all.

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Speaker 3: And that is true here in New Zealand. We have

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Speaker 3: a lot of renewable shore, but it's not enough, so

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Speaker 3: much so that Genesis reported this a couple of months ago.

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Speaker 3: Is importing one million tons of coal to fire up Huntly,

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Speaker 3: So a lot about electricity comes from burning coal. It's

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Speaker 3: even more true overseas. I visited Italy last year. Italy's

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Speaker 3: electricity generation mix consists of fifty five percent from burning

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Speaker 3: fossil fuels, mostly natural gas and a bit of oil,

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Speaker 3: and they import it all and they get about forty

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Speaker 3: four percent from low carbon sources. So if you drive

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Speaker 3: an EV in Italy, you're basically driving a car powered

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Speaker 3: by coal or natural gas, you might as well be

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Speaker 3: driving petrol. In fact, refined petrol and modern cars are

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Speaker 3: better for the environment if you're thinking about buying a car.

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Speaker 3: But all of this, and I mentioned this just shows

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Speaker 3: the naivety and ignorance of all those greeny lovies who

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Speaker 3: championed the driving of evs, thinking that that alone would

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Speaker 3: help the environment and that would save the planet. What

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Speaker 3: you really need to do is support the growth of

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Speaker 3: renewables in the world. And what the world really needs

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Speaker 3: to do is find a new energy source not based

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Speaker 3: on burning stuff.

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Speaker 1: Five percent Andrew Dickens.

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Speaker 3: So we have two weather agencies. We have NIWA and

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Speaker 3: we have met Service, and you'd think that's say the

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Speaker 3: same things, but often they don't and I never understood that.

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Speaker 3: But anyway, the governments decided to merge them. And is

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Speaker 3: that a good thing? Why did we have two in

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Speaker 3: the first place. Philip Duncan as an old friend of

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Speaker 3: mine and he launched his own independent weather service and

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Speaker 3: we're going to talk to him about this next on

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Speaker 3: Newstalk's FB.

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Speaker 2: Andrew Dickens on AFILI edition with one roof Make Your

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Speaker 2: Property Search Simple, Youth Talk.

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Speaker 3: Zibby seventeen minutes out to five. The government's announced legislation

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Speaker 3: to merge Niwa have MET Service that will be introduced

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Speaker 3: later this year. It's all to save money and to

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Speaker 3: streamline our weather forecasting service. The Minister of State Owned Enterprises,

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Speaker 3: Simeon Brown says, it makes absolutely no sense to have

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Speaker 3: two separate entities, no kidding. Philip Duncan is the head

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Speaker 3: analyst at weather Watch New Zealand, and he joins me

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Speaker 3: now good morning to here.

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Speaker 4: Philip, Good morning, Andrew.

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Speaker 3: You're the head analyst or the only analyst.

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Speaker 4: Pretty much only at these days.

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Speaker 3: Very good okay. Who is better Niwa or MET service

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Speaker 3: and who should actually take.

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Speaker 4: Charge Met Service? They're the ones that are tasked to

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Speaker 4: do the job that we tax fund them to do,

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Speaker 4: and they've got a fairly strong reputation. I know that

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Speaker 4: they've had times over the years where they've got things

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Speaker 4: wrong like we all have, but they're the ones that

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Speaker 4: have pretty much got the infrastructure, and not just that,

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Speaker 4: but the mindset of understanding how to communicate and use

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Speaker 4: the right words at the right time, something that is

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Speaker 4: definitely missing from newa who use quite extreme words quite

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Speaker 4: frequently and find them soales looking a bit silly after

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Speaker 4: the event doesn't come through.

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Speaker 3: Okay, so you would agree the merger is the best outcome.

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Speaker 3: And I think the thing that you would love the

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Speaker 3: most about it is open data sharing. Tell me about that.

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Speaker 4: Yes, if you had open data, we wouldn't be in

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Speaker 4: this problem in the first place, because what would have

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Speaker 4: happened is fifteen years ago. And by the way, it's

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Speaker 4: fantastic to hear the government finally saying what we've been

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Speaker 4: telling them for nearly fifteen years now, and some of

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Speaker 4: them really deny that this was happening. So it's good

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Speaker 4: to see that saying the right words. That's fantastic. But

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Speaker 4: you know, the infrastructure that NIEWA has got with their

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Speaker 4: quote unquote supercomputer, which is just a large computer they've got,

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Speaker 4: but that computing power mixed with net services rain radar

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Speaker 4: would have produced some really fantastic products from the government itself.

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Speaker 4: But because the government is really bad at sharing stuff

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Speaker 4: from department to department. So I'll give you a good example,

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Speaker 4: many many people in New Zealand volunteered their time to

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Speaker 4: give up where the data, to write it down a

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Speaker 4: little books and see that into NEEWAB. So many many

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Speaker 4: years Now NIWA believes that that data that was given

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Speaker 4: by volunteers is their intellectual property and they own it,

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Speaker 4: so they don't share it with anyone. Then, and you've

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Speaker 4: got met Service on the other side saying the same

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Speaker 4: thing about the rain radar that we all tax funded

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Speaker 4: for them, the public and if they just shared that stuff,

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Speaker 4: you wouldn't need and MEE were competing against met Service,

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Speaker 4: that would never have evolved. Instead, what would have evolved

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Speaker 4: is the New Zealand government having some really amazing products.

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Speaker 4: Open data would fix that and put us online with

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Speaker 4: the rest of the modern world.

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Speaker 3: So basically you're saying a merger will save costs and

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Speaker 3: also come up with better forecasts, and that's all good.

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Speaker 4: Yeah. The only worry I've got is that with this merger,

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Speaker 4: if it's still the same NEE were management running whatever

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Speaker 4: else they spin out, and then it's just smoke and

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Speaker 4: mirrors and nothing's really been done other than save a

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Speaker 4: few dollars. The public haven't gained anything from that. So

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Speaker 4: I hope that they structure us with a brand fresh

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Speaker 4: new space and management, and also one that's open and transparent,

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Speaker 4: which NIWA definitely has not been. To media outlets and

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Speaker 4: to ministers as well being quite dishonest.

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Speaker 3: Thank you so much for your time today, Philip, and

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Speaker 3: congratulations on the success of your business. I saw you

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Speaker 3: right from the beginning starting it up and you've done

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Speaker 3: so very very well. I thank you. It's five twenty one.

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Speaker 3: Poor old sheep. You know, you grow a sheep and

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Speaker 3: you can't sell the meat or you sell the meeting.

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Speaker 3: You can't make any money. And then you've got the

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Speaker 3: wall and the wall is amazing. And then people weren't

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Speaker 3: using it, but now the government is going to use it.

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Speaker 3: We're going to look at this story next.

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Speaker 2: The news you need this morning and the in depth

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Speaker 2: analysis early edition with Andrew Dickens and one roof Make

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Speaker 2: your Property search Simple.

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Speaker 1: You've talked zid Bey.

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Speaker 3: Yeah, it's five twenty three and Ryan Bridges back on Tuesday.

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Speaker 3: That means hit this back on Tuesday to WOOL. Big

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Speaker 3: win for the wall sector. The government's directing agencies to

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Speaker 3: use WOL were appropriate when building and refurbishing government buildings. Essentially,

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Speaker 3: the wall will be used for things like carpet, but

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Speaker 3: it will also be used for insulation. It's a wonderful fiber.

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Speaker 3: Associate Minister of Agriculture Mark Patterson is with me and

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Speaker 3: good morning to your mark.

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Speaker 10: Good morning, Andrew.

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Speaker 3: You're super keen for this.

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Speaker 10: You're very happy, Yeah, very happy. And I mean the

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Speaker 10: sheep farms and the wide a wool sector is really

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Speaker 10: happy too. I mean, this is a great opportunity for them.

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Speaker 3: Now. The thing is, when we've had these debates, everyone goes, oh,

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Speaker 3: but wolf's so expensive, is it?

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Speaker 10: No, No, it's not. You know, it's a value proposition.

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Speaker 10: I guess we're trading off maybe some price against a

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Speaker 10: little bit of quality in terms of the properties of

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Speaker 10: wool hairs of the find natural fiber as you're saying

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Speaker 10: by it, degradable, et cetera. So yeah, there's potentially a

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Speaker 10: little bit of that. But I mean there's some price

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Speaker 10: stuff has built into the into this policy. Uh, you know,

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Speaker 10: they've got to account for that.

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Speaker 3: So yeah, well, this is going to benefit the industry

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Speaker 3: and that's going to keep them on good footing. But

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Speaker 3: the whole thing about wool and lamb meat and sheep

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Speaker 3: in general is we need to get export dollars out

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Speaker 3: of them. So how do we do that.

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Speaker 10: Well, things are going look too bead at the moment,

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Speaker 10: and hopefully the current you know, ruck us over seas

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Speaker 10: with the tarffs and that doesn't impact that too much.

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Speaker 10: But I mean we've seen a real upswing for our farmers,

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Speaker 10: our sheep and the farmers as well as a dairy farmers.

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Speaker 10: So that's you know, that's been really positive. But we

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Speaker 10: need that to be ongoing. So we've got to get

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Speaker 10: behind wolves one of those things where it's been so

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Speaker 10: low for so long that we've just got to get

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Speaker 10: behind that part of the industry to give a little

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Speaker 10: bit more diversification for hill country farmers. Otherwise we're just

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Speaker 10: going to turn the whole place in the pine trees.

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Speaker 10: So that's another element of this policy.

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Speaker 3: Yeah, get it, totally get it. That's a very good

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Speaker 3: way in that interview, and I thank you so much

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Speaker 3: for your time today. The Associate Minister of Agriculture, mister

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Speaker 3: Mark Patterson, go the sheep. Remember the old days, you know,

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Speaker 3: when we had like ninety million sheep two million people

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Speaker 3: and everybody made sheep jokes overseas. What the numbers are

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Speaker 3: so low because the market's been so bad for so long.

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Speaker 3: Five twenty six The early.

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Speaker 2: Edition Full the Show podcast on iHeartRadio powered by News Talks.

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Speaker 3: It be News Talks it b It is five twenty

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Speaker 3: seven The curious case of Benjamin Doyle. Benjamin Doyle spoke

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Speaker 3: on the controversy surrounding them yesterday and basically called themself stupid.

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Speaker 3: We found out that the Greens actively asked him to

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Speaker 3: delete his accounts before he came into Parliament, those accounts

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Speaker 3: which introduced us all to the Bussy. But they refused,

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Speaker 3: wanting to stand up for what they is and who

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Speaker 3: they stand for. Given that if I was the Greens,

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Speaker 3: I would have gone to the next person on the list.

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Speaker 3: If Doyle wasn't going to drop it, I would have

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Speaker 3: dropped him. I said last week they should go, they

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Speaker 3: should go, and I stand by that. I don't see

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Speaker 3: the need for anyone so stupid and bloody minded in

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Speaker 3: a taxpayer funded parliament. Doyle says the bussy stuff was

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Speaker 3: a no joke. I can understand that queens are all

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Speaker 3: always ironically calling each other queen's but that's not the

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Speaker 3: sort of joke I want to see in an MP.

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Speaker 3: But to claim Benjamin must be a child offender, I

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Speaker 3: thought was also a step too far. In fact, it's

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Speaker 3: a heinous accusation unless you have the proof, and that

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Speaker 3: goes with the Hamish candl case too, So if they

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Speaker 3: want to put those haters aside, perhaps they need to

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Speaker 3: stand up for himself with a defamation suit or even

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Speaker 3: maybe let the wife speak out, but again that will

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Speaker 3: be difficult. So again, the easiest way to deal with

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Speaker 3: it all is just to slope out the door. Benjamin

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Speaker 3: carrying on is probably not worth the Yanks, and this

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Speaker 3: whole thing is an ugly and entirely avoidable situation. That

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Speaker 3: pronounce thing is exhausting. We've just heard that Trump is

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Speaker 3: going to raise the tariff on Chinese goods to one

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Speaker 3: hundred and twenty five percent. It was one hundred and

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Speaker 3: four now one hundred and twenty five. However, he's announced

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Speaker 3: in ninety day pause on new tariffs, so maybe he's

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Speaker 3: negotiating going high and hoping to go low. Who knows.

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Speaker 3: But it's constantly moving, isn't it. On the way, we'll

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Speaker 3: play a little bit of Lady Gaga, but Lady Gaga

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Speaker 3: doesn't like us, and later we'll talk to Brad Olsen

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Speaker 3: about what's really happening with the global economy. This is

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Speaker 3: early edition. It's News Talk.

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Speaker 1: Jenb the first word on the news of the day.

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Speaker 2: Early Edition with Andrew Dickens and one roof Make your

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Speaker 2: Property Search, Simple News, Talk Zippy.

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Speaker 3: According to You. I'm Andrew Dickinson for Ryan Bridge and

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Speaker 3: that is Lady Gaga from her new album Mayhem, which

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Speaker 3: debuted at number one in the American charts. And Lady

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Speaker 3: Gargar yesterday announced her first Australian tour in over a decade,

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Speaker 3: and she's going to play three dates in December in

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Speaker 3: Melbourne and Brisbane and in Sydney, all the big stadiums.

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Speaker 3: But she has nubbed New Zealand. She's not coming here.

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Speaker 3: She hasn't been here for over a decade. Last time

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Speaker 3: she was here she played three Spark Arena dates. So

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Speaker 3: why did she not come here? This is a question

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Speaker 3: because a number of acts recently have just decided not

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Speaker 3: to come here. And I've done quite a lot of

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Speaker 3: digging to try and find out why. Is it because

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Speaker 3: our stadiums are rubbish? Is it because our dollar is rubbish?

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Speaker 3: Why are they not coming? We're here, we're fans, don't

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Speaker 3: you love us? And from what I found out, it's

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Speaker 3: basically because they just can't be asked, you know. In

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Speaker 3: Lady Gargar's case, she's doing fifty two concerts around the world,

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Speaker 3: and then at the end she's going to come down

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Speaker 3: and do three in Australia. And then her management thought,

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Speaker 3: now do we want to get all the visas and

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Speaker 3: all the paper and all the stuff to go to

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Speaker 3: one extra concert when we've already made a truckload of money. No,

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Speaker 3: and they just cannot be bothered with us. And that's

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Speaker 3: just not good enough. Now some good news, bad news.

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Speaker 3: Good news, International student numbers are all but back to

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Speaker 3: pre pandemic levels. This is good news for our tertiary

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Speaker 3: institutions and their books. It's good news for us. All

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Speaker 3: shows we're still an attractive place and foreigner's eyes. Bad news.

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Speaker 3: Engineering firms have lost twelve hundred people this year. Bad

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Speaker 3: because engineers make stuff that make our lives better. They've

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Speaker 3: gone mostly because of the cessation of government jobs. In

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Speaker 3: the short term, national crane numbers are down fifteen percent

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Speaker 3: nearly twenty five percent in Auckland, a line but good news.

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Speaker 3: The sector says the pipeline of infrastructure that the government

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Speaker 3: has finally announced is a green shoot, and eighty six

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Speaker 3: percent of firms are confident that business will pick up

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Speaker 3: in the next twelve months. It's twenty one to six.

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Speaker 3: Andrew dicklous So around the country. Go into Dunedin first,

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Speaker 3: calum Proctic. Good morning to you.

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Speaker 11: Morning, Andrew So.

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Speaker 3: Queenstown boomed and the region just does not have enough

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Speaker 3: health services. So what's happening To address that?

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Speaker 11: We'll look the local mayor's MPs and health providers. Along

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Speaker 11: with e we have put together a strategic report on

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Speaker 11: their concerns that I've delivered it to the Health Minister,

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Speaker 11: Simeon Brown. This report identifies ways to potentially improve publicly

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Speaker 11: funded health services by partnering with private hospitals, clinics and

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Speaker 11: investors in the Queenstown Lake Central Otago area. The Queenstown

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Speaker 11: MEUS Glenn Lewis. He says a road map is needed

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Speaker 11: urgently to meet the needs of the region because he says,

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Speaker 11: seventy percent of Kiwis who live more than two hours

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Speaker 11: from a hospital are in Central Otago and so a

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Speaker 11: long term solution for this problem is needed because they're

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Speaker 11: growing fast.

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Speaker 3: How's the weather for your region?

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Speaker 11: It's good all around today and Dunedan's fine and nineteen

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Speaker 11: good stuff.

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Speaker 3: Claire Sherwoo joins me from christ Church. Good morning, now

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Speaker 3: the Red Zone is a lovely fields, great place for

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Speaker 3: concert You guys want more there?

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Speaker 12: Yeah, Well, finally they decided to do some concerts in

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Speaker 12: the Red Zone. The electronic festival Urban Jungle became the

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Speaker 12: first to take place in the area that the Council

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Speaker 12: refers to a six to seven. The event was still

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Speaker 12: only part of their trialing of doing this. They say

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Speaker 12: that it's due to increase demand for outdoor event space

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Speaker 12: in christ Church now now saying that they're looking to

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Speaker 12: do more events in the space due to the increasing

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Speaker 12: venue shortage. There are some rules around it is sort

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Speaker 12: of close to residential areas, so one restriction, for example,

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Speaker 12: is that all events finished by ten thirty. The Council's

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Speaker 12: head of Recreation, Sports and Events in Nigel Cox, says

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Speaker 12: there was heaps of positive feedback of following Urban Jungle,

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Speaker 12: only one noise related complaint. He says, while there are

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Speaker 12: no further events booked the adjusted yet Council are completing

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Speaker 12: a full review.

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Speaker 3: How can there be a noise related complaint when there's

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Speaker 3: nobody living there. That's the whole thing about the Red Zone.

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Speaker 13: It's relatively close. I could hear it from my place.

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Speaker 3: Oh I'm sorry, I was wondering, and I was wonder

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Speaker 3: why they finished at ten thirty. And I guess it's

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Speaker 3: because you know it's dark and they can't find their

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Speaker 3: way home.

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Speaker 12: Yes, well that could be fair. It's pretty dark in there.

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Speaker 3: Without the lighting. Now, how's the weather for your region?

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Speaker 14: Dark?

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Speaker 12: Now fine, northeast Lilies for a time, a bit later

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Speaker 12: and the high should be nineteen.

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Speaker 3: It's the first week after daylight savings always a bit

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Speaker 3: disorientating to Wellington. We go Max Toll, good morning, Good morning.

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Speaker 3: The Lower Hutmea is not going to run for reelection

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Speaker 3: in the local body elections.

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Speaker 6: No, this is that's Campbell Barry, the city's longest serving

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Speaker 6: labor mayor for more than fifty years, who, according to him,

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Speaker 6: is going out on top. He's choosing to go out

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Speaker 6: on top. He's told the Post he want seek a

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Speaker 6: third term. Still a young guy. In twenty nineteen, he

437
00:22:37,600 --> 00:22:40,600
Speaker 6: became the country's youngest ever mayor at twenty eight. That's

438
00:22:40,600 --> 00:22:44,560
Speaker 6: obviously been surpassed now. Not influenced by rates, he says,

439
00:22:44,560 --> 00:22:48,240
Speaker 6: not influenced by issues at Wellington Water, he insists he

440
00:22:48,400 --> 00:22:51,520
Speaker 6: chairs the oversight committee for Wellington Water. Also shooting down

441
00:22:51,600 --> 00:22:54,520
Speaker 6: rumors he fancies a tilt at central government. There are

442
00:22:54,560 --> 00:22:56,640
Speaker 6: people in the region who reckon hid do quite well

443
00:22:56,680 --> 00:22:59,720
Speaker 6: for labor. So what we're getting is time to do

444
00:22:59,760 --> 00:23:01,320
Speaker 6: something else, family.

445
00:23:01,040 --> 00:23:01,480
Speaker 1: Et cetera.

446
00:23:01,840 --> 00:23:04,119
Speaker 3: Okay, so how's your weather fine?

447
00:23:04,160 --> 00:23:06,320
Speaker 6: Northerly's a high of nineteen central.

448
00:23:06,040 --> 00:23:07,800
Speaker 3: And to Neiva RT a matter in Ucland and talking

449
00:23:07,840 --> 00:23:11,960
Speaker 3: about Mayor's Neva good morning greetings. Wayne Brown made a

450
00:23:12,040 --> 00:23:14,600
Speaker 3: video call. He was he just had it on his

451
00:23:14,720 --> 00:23:17,560
Speaker 3: lap as it wasn't on a stand, and we've got

452
00:23:17,600 --> 00:23:19,400
Speaker 3: a great view right up his nose. And now he's

453
00:23:19,400 --> 00:23:19,840
Speaker 3: in trouble.

454
00:23:19,920 --> 00:23:24,280
Speaker 13: That's it up his nose while driving. So what happened

455
00:23:24,359 --> 00:23:27,840
Speaker 13: yes last week the Transport committee meeting? Now Brown beamed

456
00:23:27,840 --> 00:23:30,480
Speaker 13: in on that video call. Now, most of the time

457
00:23:30,520 --> 00:23:33,760
Speaker 13: Brown concentrates on driving, but he also looks down at times,

458
00:23:34,000 --> 00:23:36,760
Speaker 13: and at one point Counselor Andy Baker seemed to acknowledge

459
00:23:36,760 --> 00:23:39,520
Speaker 13: Brown's position, thanking him for his submission and saying happy driving.

460
00:23:40,040 --> 00:23:42,520
Speaker 13: So Brown has apologized for the offense. Now this is

461
00:23:42,520 --> 00:23:45,159
Speaker 13: punishable by a one hundred and fifty dollars fine and

462
00:23:45,200 --> 00:23:48,560
Speaker 13: twenty demerit points. But of course this is Brown's second

463
00:23:48,560 --> 00:23:51,040
Speaker 13: apology of the week. You'll remember yet to say sorry

464
00:23:51,080 --> 00:23:53,280
Speaker 13: to Desley Simpson for saying that she was only interested

465
00:23:53,280 --> 00:23:55,320
Speaker 13: in helping her constituents by lamborghinis.

466
00:23:55,800 --> 00:23:56,880
Speaker 3: And how's Hawkin's weather?

467
00:23:56,960 --> 00:23:57,200
Speaker 15: Fine?

468
00:23:57,200 --> 00:23:58,919
Speaker 13: Fine, fine, fine fine? Twenty one is.

469
00:23:58,920 --> 00:24:00,760
Speaker 3: The high very good. We're about to go to America

470
00:24:00,800 --> 00:24:03,159
Speaker 3: and talk about stuff. And of course, when you know

471
00:24:03,240 --> 00:24:06,320
Speaker 3: we're all getting tariff trauma, aren't we in It's like

472
00:24:06,359 --> 00:24:08,520
Speaker 3: tariff and Trump, Trump and tariff, the tea words that

473
00:24:08,520 --> 00:24:10,040
Speaker 3: we have to say the whole time. There are other

474
00:24:10,080 --> 00:24:12,240
Speaker 3: news stories out of America, like the fact that they've

475
00:24:12,240 --> 00:24:14,639
Speaker 3: got a big old measles Outbreck and that might be

476
00:24:14,720 --> 00:24:16,720
Speaker 3: because the guy in charge of health these days is

477
00:24:16,720 --> 00:24:19,520
Speaker 3: a vaccine skeptic. But we'll find out the details next.

478
00:24:20,040 --> 00:24:23,879
Speaker 3: With Mitch McCann. It is a seventeen to six newstalk set.

479
00:24:23,800 --> 00:24:28,119
Speaker 2: B international correspondence with Ends and Eye Insurance Peace of

480
00:24:28,160 --> 00:24:29,560
Speaker 2: Mind for New Zealand business.

481
00:24:31,240 --> 00:24:33,240
Speaker 3: Yes, since fourteen to six in the United States, we

482
00:24:33,320 --> 00:24:35,919
Speaker 3: go Mitch McCann, good morning to you, Good morning, how

483
00:24:35,960 --> 00:24:38,199
Speaker 3: are you? I'm all right? We have to talk about tariffs.

484
00:24:38,200 --> 00:24:40,640
Speaker 3: We talk about tariffs every hour. So what's happened now?

485
00:24:41,640 --> 00:24:44,040
Speaker 15: There's actually been some breaking news a dramatic you tune

486
00:24:44,080 --> 00:24:46,240
Speaker 15: from Donald Trump in the last fifteen minutes. He has

487
00:24:46,280 --> 00:24:50,560
Speaker 15: decided to pause tariffs for nearly all of the countries involved.

488
00:24:50,680 --> 00:24:52,040
Speaker 3: Are these reciprocal tariffs.

489
00:24:52,080 --> 00:24:54,040
Speaker 15: So if you are at a rate of something huge

490
00:24:54,080 --> 00:24:57,520
Speaker 15: like forty percent or thirty percent, all tariffs now except

491
00:24:57,520 --> 00:25:00,239
Speaker 15: for China are going to be at ten percent for

492
00:25:00,359 --> 00:25:03,400
Speaker 15: ninety days. That's because Donald Trump, says, so many countries

493
00:25:03,400 --> 00:25:06,040
Speaker 15: are trying to come to the negotiating table, So a

494
00:25:06,040 --> 00:25:10,200
Speaker 15: big pause on those large reciprocal tariff rates. However, if

495
00:25:10,200 --> 00:25:13,640
Speaker 15: you're China, the news gets worse overnight. Here Donald Trump

496
00:25:13,800 --> 00:25:17,680
Speaker 15: enacted or imposed this one hundred and four percent tariff

497
00:25:17,720 --> 00:25:21,240
Speaker 15: rate on China. He says today this afternoon that China

498
00:25:21,240 --> 00:25:25,399
Speaker 15: has shown disrespect by implementing its own reciprocal tariff. So

499
00:25:25,440 --> 00:25:27,959
Speaker 15: he's going to raise it to one hundred and twenty

500
00:25:28,040 --> 00:25:32,159
Speaker 15: five percent, almost effective immediately. So Donald Trump raising the

501
00:25:32,200 --> 00:25:35,240
Speaker 15: tariff rate on China even further, but dropping it down

502
00:25:35,280 --> 00:25:37,040
Speaker 15: to ten percent for every other country.

503
00:25:37,920 --> 00:25:40,520
Speaker 3: All right, and it goes We'll find out what happens

504
00:25:40,520 --> 00:25:44,320
Speaker 3: next hour. Now, there's a measles outbreak in Texas.

505
00:25:44,880 --> 00:25:48,160
Speaker 15: Yeah, there certainly is, and nationally there are around six

506
00:25:48,240 --> 00:25:51,520
Speaker 15: hundred and fifty cases confirmed across twenty two US states,

507
00:25:51,520 --> 00:25:54,680
Speaker 15: but the vast majority of cases, around five hundred, are

508
00:25:54,680 --> 00:25:59,439
Speaker 15: from Texas. It's started with a Mennonite Christian population that

509
00:25:59,520 --> 00:26:03,840
Speaker 15: is historically underimmunized or partially immunized, and it has grown

510
00:26:03,880 --> 00:26:05,840
Speaker 15: and it has spread throughout the country. The reason the

511
00:26:05,880 --> 00:26:07,600
Speaker 15: story has been in the news even more in the

512
00:26:07,680 --> 00:26:10,879
Speaker 15: last couple of days is because Robert F. Kennedy, the

513
00:26:10,920 --> 00:26:14,200
Speaker 15: Health Secretary, he was controversially confirmed. In the last couple

514
00:26:14,200 --> 00:26:16,440
Speaker 15: of months, he has come out and said that the

515
00:26:16,560 --> 00:26:22,680
Speaker 15: MMR vaccine is the best front line protection to measles. However,

516
00:26:23,080 --> 00:26:25,640
Speaker 15: in the past he's been a vaccine skeptic, so he's

517
00:26:25,640 --> 00:26:27,359
Speaker 15: had a bit of a u tune as well on

518
00:26:27,400 --> 00:26:30,880
Speaker 15: this issue. Although he's facing some criticism from anti vaxxers

519
00:26:30,880 --> 00:26:33,960
Speaker 15: of saying things like we voted for you to challenge

520
00:26:33,960 --> 00:26:36,880
Speaker 15: the medical establishment, not parrot it. But I think most

521
00:26:37,000 --> 00:26:40,640
Speaker 15: health officials are happy that RFK is changing his mind

522
00:26:40,640 --> 00:26:41,760
Speaker 15: when it comes to vaccines.

523
00:26:42,119 --> 00:26:44,640
Speaker 3: There's two dead children, there's an awful lot of people

524
00:26:44,720 --> 00:26:47,320
Speaker 3: in America. You know, you can overhype this a little bit,

525
00:26:47,359 --> 00:26:50,080
Speaker 3: And of course RFK has only been actually in an

526
00:26:50,119 --> 00:26:52,080
Speaker 3: office and working for three weeks, and as you're quite right,

527
00:26:52,240 --> 00:26:56,280
Speaker 3: has actually changed his attitude towards all vaccines or some vaccines.

528
00:26:57,080 --> 00:26:59,120
Speaker 3: So there's a little bit of hype about this.

529
00:27:00,080 --> 00:27:02,159
Speaker 15: Yeah, there certainly is. I mean, this has been spreading

530
00:27:02,200 --> 00:27:08,120
Speaker 15: and measles is something that's prevented reasonably easy by the vaccine.

531
00:27:08,200 --> 00:27:10,720
Speaker 15: So there has been a fear among many people in

532
00:27:10,760 --> 00:27:13,040
Speaker 15: the health community that this could spiral out of control

533
00:27:13,080 --> 00:27:16,040
Speaker 15: and continue to grow and continue to grow. Hopefully with

534
00:27:16,080 --> 00:27:19,480
Speaker 15: that messaging for MARIOFK that will convince more people to

535
00:27:19,560 --> 00:27:21,960
Speaker 15: go and get that MMR vaccine if they haven't already

536
00:27:22,000 --> 00:27:22,280
Speaker 15: had it.

537
00:27:22,520 --> 00:27:24,480
Speaker 3: Good surf, and I thank you so much much McCann.

538
00:27:24,520 --> 00:27:28,480
Speaker 3: It's now eleven to six, all right. The Reserve band

539
00:27:28,520 --> 00:27:31,080
Speaker 3: kept there promised to cut the official cash rate yesterday afternoon,

540
00:27:31,160 --> 00:27:34,320
Speaker 3: dropping twenty five basis points to three point five percent.

541
00:27:35,080 --> 00:27:37,960
Speaker 3: Nikola Willis has welcomed the news. She says she's keeping

542
00:27:37,960 --> 00:27:41,240
Speaker 3: a kose eye on the ongoing global economic instability ahead

543
00:27:41,280 --> 00:27:44,480
Speaker 3: of this year's budget. They but meanwhile, and Barbara Edmonds

544
00:27:44,480 --> 00:27:46,280
Speaker 3: says that they should be spending a bit more right

545
00:27:46,320 --> 00:27:49,640
Speaker 3: now to help us through this bad time, joining us

546
00:27:49,840 --> 00:27:53,719
Speaker 3: is Infanmetrics Principal economists Brad Olsen, and good morning to you. Brad.

547
00:27:54,520 --> 00:27:55,119
Speaker 4: Good morning.

548
00:27:55,520 --> 00:27:58,399
Speaker 3: So in your opinion, this was the right move, Yes,

549
00:27:58,520 --> 00:27:59,120
Speaker 3: very much.

550
00:27:59,160 --> 00:28:01,560
Speaker 14: The right move, veriouscible and in line what the Reserve

551
00:28:01,640 --> 00:28:04,920
Speaker 14: Bank has been talking about previously anyway, And I think

552
00:28:04,960 --> 00:28:08,320
Speaker 14: that's important because when we've been looking through all of

553
00:28:08,359 --> 00:28:10,800
Speaker 14: the last couple of days, what's become very clear and

554
00:28:10,840 --> 00:28:13,320
Speaker 14: again very clear this morning is all of this can

555
00:28:13,400 --> 00:28:15,600
Speaker 14: change in an instant. So I think for the Reserve Bank,

556
00:28:15,680 --> 00:28:18,359
Speaker 14: they made it very clear that they are looking closely

557
00:28:18,440 --> 00:28:20,680
Speaker 14: at the tariffs. They're trying to understand all of those

558
00:28:20,720 --> 00:28:23,720
Speaker 14: trials and tribulations. But at the same time, they're not

559
00:28:23,760 --> 00:28:25,639
Speaker 14: willing to make a ration move. They're just trying to

560
00:28:25,720 --> 00:28:26,800
Speaker 14: understand what's going on.

561
00:28:26,880 --> 00:28:27,320
Speaker 4: FIRS.

562
00:28:28,200 --> 00:28:30,000
Speaker 3: All right, Well, the tap was said the whole thing

563
00:28:30,080 --> 00:28:32,120
Speaker 3: when I was talking about this yesterday. We're going, yes,

564
00:28:32,160 --> 00:28:34,440
Speaker 3: if you're going to offer certainty to business, just keep

565
00:28:34,480 --> 00:28:36,240
Speaker 3: going with the plan, because the plan is an extreme

566
00:28:36,320 --> 00:28:38,320
Speaker 3: zero point twenty five. So that's all right, But we

567
00:28:38,360 --> 00:28:40,280
Speaker 3: wanted to kind of know what the Reserve Bank thought

568
00:28:40,280 --> 00:28:42,960
Speaker 3: about the global economy. We had tariffs coming into effect

569
00:28:43,000 --> 00:28:45,960
Speaker 3: yesterday afternoon, economists are als saying they don't know what

570
00:28:46,000 --> 00:28:48,560
Speaker 3: they're going to do to the economy. Did you get

571
00:28:48,560 --> 00:28:50,560
Speaker 3: any better picture from the Reserve Bank?

572
00:28:51,960 --> 00:28:53,960
Speaker 14: There was a little bit more clarity in there. We

573
00:28:54,160 --> 00:28:57,080
Speaker 14: still didn't expect them to have a full full understanding,

574
00:28:57,120 --> 00:28:59,440
Speaker 14: and I think again I'd rather they came out in

575
00:28:59,520 --> 00:29:02,080
Speaker 14: May with the do their next monetary policy statement, with

576
00:29:02,200 --> 00:29:04,320
Speaker 14: a full suite of forecast, with a whole bunch of

577
00:29:04,320 --> 00:29:07,240
Speaker 14: information that have had time to digest. Also, of course,

578
00:29:07,280 --> 00:29:09,560
Speaker 14: the changes that have even come through overnight, I mean

579
00:29:09,600 --> 00:29:12,760
Speaker 14: a pause to the tariffs, but also ratching up tensions

580
00:29:12,760 --> 00:29:15,640
Speaker 14: on China changes the game again for New Zealand. But

581
00:29:16,040 --> 00:29:19,720
Speaker 14: the bank did say that they were clearly concerned about

582
00:29:19,760 --> 00:29:22,440
Speaker 14: what it meant for the New Zealand economy. Said that

583
00:29:22,480 --> 00:29:26,000
Speaker 14: the increased trade barriers globally do create downside risks to

584
00:29:26,040 --> 00:29:29,400
Speaker 14: the outlook for economic activity and inflation in New Zealand.

585
00:29:29,840 --> 00:29:31,960
Speaker 14: And on the back of that you have seen markets

586
00:29:32,680 --> 00:29:34,680
Speaker 14: and in fact some of the wording from the Reserve

587
00:29:34,760 --> 00:29:38,280
Speaker 14: Bank generally imply that yes, interest rates could go lower

588
00:29:38,320 --> 00:29:40,400
Speaker 14: because of this. But there was also a little bit

589
00:29:40,440 --> 00:29:43,880
Speaker 14: of disagreement amongst the Monetary Policy Committee. It seems and

590
00:29:43,920 --> 00:29:46,239
Speaker 14: I think this is healthy because they really do need

591
00:29:46,280 --> 00:29:49,480
Speaker 14: to grapple with what is a pretty challenging topic. Most

592
00:29:49,520 --> 00:29:53,200
Speaker 14: members of the committee consider that recent global policy developments

593
00:29:53,360 --> 00:29:55,840
Speaker 14: like the tariff stuff has shifted the balance of risks

594
00:29:55,840 --> 00:29:59,800
Speaker 14: in New Zealand inflation lower, others though noted uncertainty around

595
00:29:59,840 --> 00:30:02,600
Speaker 14: the m inflation outlook, and the risks remain balanced, And

596
00:30:02,640 --> 00:30:05,760
Speaker 14: again I think that's appropriate. Yes, we're seeing tariffs around

597
00:30:05,760 --> 00:30:08,240
Speaker 14: the world, and in some senses that could raise prices,

598
00:30:08,480 --> 00:30:11,040
Speaker 14: but also if you have weak economic activity in New

599
00:30:11,080 --> 00:30:13,720
Speaker 14: Zealand because we're not trading as much, you could equally

600
00:30:13,760 --> 00:30:16,720
Speaker 14: see lower inflashy risks. So they have got to balance

601
00:30:16,720 --> 00:30:17,360
Speaker 14: this all up.

602
00:30:17,640 --> 00:30:20,200
Speaker 3: And how about the dollar, because I mentioned this morning,

603
00:30:20,200 --> 00:30:22,800
Speaker 3: if the dollar remains low, that means it actually negates

604
00:30:22,800 --> 00:30:25,320
Speaker 3: the ten percent increase in prices of our products at America,

605
00:30:25,360 --> 00:30:26,640
Speaker 3: if you know what I mean. So if we have

606
00:30:26,640 --> 00:30:28,960
Speaker 3: a nice light low dollar, then then we can still

607
00:30:29,040 --> 00:30:31,240
Speaker 3: keep our exports at a good price point in America.

608
00:30:31,240 --> 00:30:33,280
Speaker 3: How's our dollar doing? What's happening with our dollar?

609
00:30:34,280 --> 00:30:36,760
Speaker 14: I think I saw overnight it's pushed up just to touch,

610
00:30:36,800 --> 00:30:39,880
Speaker 14: But that's equally because of this expectation and talk of

611
00:30:39,920 --> 00:30:42,000
Speaker 14: a bit of a pause on tariffs. I think last

612
00:30:42,000 --> 00:30:44,800
Speaker 14: I saw it had popped just above fifty six US

613
00:30:44,800 --> 00:30:46,960
Speaker 14: sense that had been trading more on that fifty five

614
00:30:47,440 --> 00:30:50,840
Speaker 14: and low fifty five through parts of yesterday. Again, this

615
00:30:50,920 --> 00:30:54,920
Speaker 14: is almost an automatic stabilizer sort of effect, where you know,

616
00:30:55,000 --> 00:30:58,160
Speaker 14: when the challenges come through with those high prices, the

617
00:30:58,240 --> 00:31:00,880
Speaker 14: dollar drops to try and compensate, and at the same time,

618
00:31:00,920 --> 00:31:03,320
Speaker 14: if you start to see those better conditions, then the

619
00:31:03,360 --> 00:31:05,960
Speaker 14: dollar starts to push up a little bit higher. So

620
00:31:06,280 --> 00:31:08,720
Speaker 14: I think all of this highlights that we're still in

621
00:31:08,760 --> 00:31:11,320
Speaker 14: the early stages of trying to understand this. The Reserve

622
00:31:11,400 --> 00:31:14,160
Speaker 14: Bank didn't want to commit too much firepower too quickly.

623
00:31:14,440 --> 00:31:17,080
Speaker 14: That's been proven overnight to be very much the right call,

624
00:31:17,400 --> 00:31:18,960
Speaker 14: a little bit more of a stay of the course,

625
00:31:19,000 --> 00:31:21,320
Speaker 14: and they'll continue to assess in the future is good.

626
00:31:21,680 --> 00:31:24,720
Speaker 14: All the while the global economy still convulsing, and here

627
00:31:24,720 --> 00:31:27,760
Speaker 14: in New Zealand we're sort of just watch, waiting and worrying.

628
00:31:28,120 --> 00:31:29,680
Speaker 3: Good Onion brad Olds, and I thank you, And of

629
00:31:29,680 --> 00:31:32,280
Speaker 3: course Christian Hawksby made the announcements yesterday. He's there for

630
00:31:32,280 --> 00:31:34,240
Speaker 3: the next six months, and then we don't know what's

631
00:31:34,240 --> 00:31:38,200
Speaker 3: happening is a placeholder. Is he acceptable to the government.

632
00:31:38,240 --> 00:31:41,240
Speaker 3: Will the government then start agitating for their own or

633
00:31:41,320 --> 00:31:45,160
Speaker 3: a more approvable reserve Bank governor will find that out

634
00:31:45,240 --> 00:31:47,720
Speaker 3: in the future. Anachurst and next Ocier in May It's

635
00:31:47,760 --> 00:31:50,160
Speaker 3: newsb at seven to six.

636
00:31:52,400 --> 00:31:56,240
Speaker 2: Get ahead of the headlines on early edition Andrew Dickens

637
00:31:56,480 --> 00:32:00,200
Speaker 2: and One Room to Make Your Property Search Simple or.

638
00:32:01,040 --> 00:32:04,000
Speaker 3: Heard from Mention McCann in the last half hour, it's

639
00:32:04,040 --> 00:32:06,200
Speaker 3: been announced he's in ninety day pause on the tariffs

640
00:32:06,200 --> 00:32:08,040
Speaker 3: and the Dow Jones is up over two thousand points.

641
00:32:08,040 --> 00:32:10,520
Speaker 3: Now make Huskin joins me more importantly if you look at,

642
00:32:10,520 --> 00:32:12,240
Speaker 3: well not more importantly, the other markets. If you look

643
00:32:12,240 --> 00:32:13,920
Speaker 3: at the Nasdak and the S and P, the Narsdack

644
00:32:13,960 --> 00:32:16,360
Speaker 3: particularly which is textocks and stuff, they're up like eight percent.

645
00:32:16,400 --> 00:32:18,800
Speaker 3: It's what happened the other day. Remember two days ago

646
00:32:18,840 --> 00:32:21,240
Speaker 3: there was the rumor now that he was going to pause,

647
00:32:21,320 --> 00:32:23,640
Speaker 3: and they did exactly this. Whereas this is an official

648
00:32:23,760 --> 00:32:26,880
Speaker 3: he's actually paused. So he is him backing down. He's cracked.

649
00:32:26,960 --> 00:32:30,560
Speaker 3: He's cracked and he's blinked, and so he's saving face

650
00:32:30,600 --> 00:32:33,600
Speaker 3: with the China thing. But this idea that everyone's ringing

651
00:32:33,680 --> 00:32:36,240
Speaker 3: him to do deals. That's probably true. I mean, most

652
00:32:36,280 --> 00:32:37,959
Speaker 3: people will want to do is deal. But all you've

653
00:32:38,000 --> 00:32:41,240
Speaker 3: got overnight from the EU is retaliatory numbers. The Chinese

654
00:32:41,280 --> 00:32:43,640
Speaker 3: are retaliatory. And you believe the Chinese when they say

655
00:32:43,640 --> 00:32:45,880
Speaker 3: they'll fight to the end, you believe them. They'll fight

656
00:32:45,960 --> 00:32:48,960
Speaker 3: for a thousand years exactly. So we've got ten percent,

657
00:32:49,000 --> 00:32:50,960
Speaker 3: everyone else has got ten percent. Just to explain this people,

658
00:32:50,960 --> 00:32:54,640
Speaker 3: because it's kind of important, because he's backed down on

659
00:32:54,720 --> 00:32:58,040
Speaker 3: the extra tariffs on top of the ten everyone got ten,

660
00:32:58,120 --> 00:33:01,160
Speaker 3: we got ten. The extra stuff is what he's back

661
00:33:01,200 --> 00:33:03,200
Speaker 3: down on for ninety days. So that's why the market's

662
00:33:03,240 --> 00:33:05,720
Speaker 3: going nuts. But how you navigate you as that Brad

663
00:33:05,800 --> 00:33:07,480
Speaker 3: was just saying, how you navigate your way through this?

664
00:33:07,960 --> 00:33:10,880
Speaker 3: God only knows. And he's mental, There's no other way

665
00:33:10,920 --> 00:33:14,360
Speaker 3: of putting it. He's mental and he's destroying the global economy.

666
00:33:14,400 --> 00:33:16,840
Speaker 3: And I think most people can probably see it now anyway.

667
00:33:16,880 --> 00:33:19,920
Speaker 3: So the finance Minister Nicola willis how do you plan?

668
00:33:20,480 --> 00:33:22,680
Speaker 3: How do you put together a budget? And so yesterday

669
00:33:22,720 --> 00:33:24,880
Speaker 3: what was interesting about Nicola Nichola gave us that briefing

670
00:33:24,920 --> 00:33:28,720
Speaker 3: two days ago. Remember that, so yesterday Charmers in Australia.

671
00:33:28,720 --> 00:33:31,520
Speaker 3: He called an emergency meeting. So how is it Nicola

672
00:33:31,560 --> 00:33:34,560
Speaker 3: didn't call an emergency meeting? Is an emergency meeting? Brad

673
00:33:34,600 --> 00:33:36,280
Speaker 3: just said it. It's a wait and see you because

674
00:33:36,360 --> 00:33:39,080
Speaker 3: we do not know. Nobody knows. How can you do

675
00:33:39,120 --> 00:33:40,600
Speaker 3: something if you don't know, without the facts that we

676
00:33:40,640 --> 00:33:43,280
Speaker 3: are living through history. Anyway, we'll do that and we'll

677
00:33:43,280 --> 00:33:45,160
Speaker 3: talk a bit of the f one Shawan Fitzpatrick on

678
00:33:45,240 --> 00:33:47,600
Speaker 3: the dock Mate. That was where he says my thanks

679
00:33:47,600 --> 00:33:49,880
Speaker 3: to producer Kenzi. I'm Andrew Dickens and I'll see you

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00:33:49,880 --> 00:33:50,840
Speaker 3: again tomorrow.

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Speaker 1: Your fav.

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00:33:59,080 --> 00:33:59,480
Speaker 4: Baby.

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00:34:01,560 --> 00:34:04,520
Speaker 2: For more from Early Edition with Ryan Bridge, listen live

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00:34:04,640 --> 00:34:07,640
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