1 00:00:01,040 --> 00:00:05,200 Speaker 1: The issues, the interviews and the insight. Ryan Bridge on 2 00:00:05,280 --> 00:00:09,479 Speaker 1: an Earliereditio with one roof love where you live News Talks, 3 00:00:09,520 --> 00:00:09,920 Speaker 1: it'd be. 4 00:00:09,920 --> 00:00:11,640 Speaker 2: Good morning, sticks up the five. Good to have you 5 00:00:11,680 --> 00:00:13,840 Speaker 2: company this morning. There's a new poll out on the leaders. 6 00:00:13,840 --> 00:00:15,880 Speaker 2: I'll give you the details. We'll look at that text 7 00:00:15,880 --> 00:00:18,720 Speaker 2: package from Nichola Willis yesterday Gavin Graham the UK for 8 00:00:18,840 --> 00:00:22,440 Speaker 2: US and McCain. They've done it again. Another processor is 9 00:00:22,880 --> 00:00:24,040 Speaker 2: xing production. 10 00:00:25,520 --> 00:00:26,200 Speaker 1: The agenda. 11 00:00:26,280 --> 00:00:29,640 Speaker 2: It's Wednesday, the twenty fifth of March. Talkers JD Varnce 12 00:00:29,680 --> 00:00:32,280 Speaker 2: could be the guide to negotiate with the Iranians. Still 13 00:00:32,320 --> 00:00:35,839 Speaker 2: no clear at this point what anything they're talking about currently. 14 00:00:36,080 --> 00:00:38,559 Speaker 3: What we do know is that Pakistan has said that 15 00:00:38,920 --> 00:00:43,040 Speaker 3: they have spoken to senior officials in Iran, but Pakistan 16 00:00:43,080 --> 00:00:46,159 Speaker 3: has not publicly confirmed has been whether they have been 17 00:00:46,200 --> 00:00:49,240 Speaker 3: having these same conversations with senior officials. 18 00:00:48,800 --> 00:00:49,280 Speaker 4: In the US. 19 00:00:49,440 --> 00:00:52,040 Speaker 3: So at the moment, really highly speculative. No one going 20 00:00:52,080 --> 00:00:55,040 Speaker 3: on record not only about the talks, but even confirming 21 00:00:55,040 --> 00:00:56,240 Speaker 3: that there are talks about the talks. 22 00:00:56,240 --> 00:00:57,720 Speaker 2: I've talked to you about the JD thing in just 23 00:00:57,760 --> 00:01:00,600 Speaker 2: a second. Who was the most gung ho on the 24 00:01:00,600 --> 00:01:03,960 Speaker 2: war to begin with Trump says it was higsth. 25 00:01:05,319 --> 00:01:05,600 Speaker 5: Peter. 26 00:01:05,640 --> 00:01:07,440 Speaker 6: I think you were the first one to speak up, 27 00:01:07,800 --> 00:01:10,280 Speaker 6: and you said let's do it, because you can't let 28 00:01:10,360 --> 00:01:12,199 Speaker 6: them have a nuclear weapon. 29 00:01:12,600 --> 00:01:14,399 Speaker 2: You call them the secretary of war. I guess the 30 00:01:14,400 --> 00:01:17,240 Speaker 2: guys want to go to war, isn't he governments around 31 00:01:17,240 --> 00:01:19,839 Speaker 2: the world splashing the cash, not like during the COVID days. 32 00:01:19,880 --> 00:01:23,120 Speaker 2: Even labor in the UK says, you can't help everyone 33 00:01:23,160 --> 00:01:25,240 Speaker 2: with the power Bill Rachel reeves. 34 00:01:25,319 --> 00:01:29,160 Speaker 7: Later this week, I'm holding meetings with supermarkets and with 35 00:01:29,240 --> 00:01:33,360 Speaker 7: banks to discuss how they can further support their customers. 36 00:01:33,640 --> 00:01:37,920 Speaker 7: We have a world class competition and consumer protection regime, 37 00:01:38,080 --> 00:01:41,720 Speaker 7: and since my last statement, the Competition and Markets Authority 38 00:01:42,120 --> 00:01:45,200 Speaker 7: have stepped up. There's such a true monitoring of fuel prices. 39 00:01:45,280 --> 00:01:49,400 Speaker 2: The Philippines president has declared a state of national Energy emergency. 40 00:01:49,560 --> 00:01:51,960 Speaker 8: What does this executive arguer mean? 41 00:01:52,360 --> 00:01:54,560 Speaker 2: Well, it gives the government power. 42 00:01:54,320 --> 00:01:56,480 Speaker 8: Is to control the distribution of food. 43 00:01:56,840 --> 00:01:57,840 Speaker 9: It also is. 44 00:01:57,800 --> 00:02:01,600 Speaker 7: Able to control movement and saw reduce the reliance on 45 00:02:01,760 --> 00:02:02,760 Speaker 7: energy as much. 46 00:02:03,080 --> 00:02:05,559 Speaker 2: And finally, this morning it's talked about something that's not war. 47 00:02:12,560 --> 00:02:15,280 Speaker 6: This is a special coming to you from McKenzie because 48 00:02:15,280 --> 00:02:17,880 Speaker 6: every time we mentioned Hannah Montana. You might think, who 49 00:02:17,880 --> 00:02:20,560 Speaker 6: the hell is Hannah Montana? I often wonder that myself, 50 00:02:20,800 --> 00:02:23,640 Speaker 6: Mackenzie must love them. It's been twenty years since Hannah 51 00:02:23,639 --> 00:02:27,120 Speaker 6: Montana debut on the Disney Channel. Miley Cyrus was fourteen 52 00:02:27,160 --> 00:02:29,240 Speaker 6: when the show started. Does that make you feel old? 53 00:02:29,639 --> 00:02:32,160 Speaker 6: She's put on her famous blonde wig once again for 54 00:02:32,200 --> 00:02:35,560 Speaker 6: a Disney anniversary special. Billy Ray Cyrus the dad, features 55 00:02:35,560 --> 00:02:37,760 Speaker 6: as well as many of the others from the cast. 56 00:02:38,160 --> 00:02:40,120 Speaker 2: Mackenzie, I'm sure you'll be watching. 57 00:02:41,840 --> 00:02:45,480 Speaker 1: Get Ahead of the Headlines on early edition with Ryan 58 00:02:45,560 --> 00:02:49,239 Speaker 1: Bridge and One Root Love where You Live News Talks 59 00:02:49,240 --> 00:02:49,520 Speaker 1: a'd me. 60 00:02:49,800 --> 00:02:51,480 Speaker 2: Kenzie is the producer of the show and does a 61 00:02:51,480 --> 00:02:55,600 Speaker 2: brilliant job. It is nine minutes after five. So Jdevarnce, 62 00:02:55,680 --> 00:02:57,560 Speaker 2: what's going on? Why is he in the news? So 63 00:02:58,280 --> 00:03:01,240 Speaker 2: aside from the fact he's the President of the United States. 64 00:03:01,280 --> 00:03:04,239 Speaker 2: But Pakistan's Prime Minister has said they want to They're 65 00:03:04,240 --> 00:03:05,919 Speaker 2: putting their hand up saying we want to host these 66 00:03:05,960 --> 00:03:08,959 Speaker 2: peace talks or cease fire talks, whatever they might be 67 00:03:08,960 --> 00:03:11,720 Speaker 2: between the US and let's face it, Israel and Iran. 68 00:03:12,560 --> 00:03:16,839 Speaker 2: So Pakistani sources say jd Vance is the guy being 69 00:03:16,919 --> 00:03:20,519 Speaker 2: put forward as the chief negotiated from the US side 70 00:03:21,240 --> 00:03:24,359 Speaker 2: they could start talks in Islamabad as early as next week. 71 00:03:24,400 --> 00:03:26,080 Speaker 2: None of this has been confirmed, by the way. This 72 00:03:26,120 --> 00:03:30,320 Speaker 2: is all officials briefing journalists. But it's interesting because Iran 73 00:03:30,360 --> 00:03:33,720 Speaker 2: apparently doesn't want to talk to Witkoff and Kushna. You know, 74 00:03:33,760 --> 00:03:36,640 Speaker 2: Trump's son in law. They're his special envoys. They go 75 00:03:36,680 --> 00:03:39,040 Speaker 2: around the world, they go to Russia, they go to 76 00:03:39,120 --> 00:03:42,920 Speaker 2: talk to Venezuela that anywhere there's a hot spot or problem, 77 00:03:43,000 --> 00:03:45,920 Speaker 2: he sends in Witkoff and Kushna. Now the problem with 78 00:03:45,960 --> 00:03:48,760 Speaker 2: Witkoff and Kushna is that they were sent in to 79 00:03:48,840 --> 00:03:52,840 Speaker 2: do the nuclear talks with Iran and then what did 80 00:03:52,880 --> 00:03:55,480 Speaker 2: Trump and now we know Higgs Seth do turn around 81 00:03:55,520 --> 00:03:57,280 Speaker 2: and bomb the hell out of them. So not a 82 00:03:57,320 --> 00:04:00,200 Speaker 2: lot of trust going on. So apparently the reigning don't 83 00:04:00,200 --> 00:04:01,960 Speaker 2: want to talk to them, so maybe they'll talk to 84 00:04:02,440 --> 00:04:04,800 Speaker 2: Jdi Varnce is the thinking at the moment. So that's 85 00:04:05,000 --> 00:04:08,360 Speaker 2: the update for you. Also overnight you'll hear a bit 86 00:04:08,360 --> 00:04:12,160 Speaker 2: about this today. There is a base like a multi 87 00:04:12,280 --> 00:04:18,279 Speaker 2: national camp of soldiers in northern Iraq and apparently last 88 00:04:18,360 --> 00:04:22,880 Speaker 2: night British special forces at the base had to shoot 89 00:04:22,920 --> 00:04:27,000 Speaker 2: out of the sky fourteen Iranian suicide drones or Kamikazi drones, 90 00:04:27,680 --> 00:04:31,119 Speaker 2: because they're just trying to hammer them anywhere they can. 91 00:04:31,640 --> 00:04:34,760 Speaker 2: And the Italians have already pulled out of this base, 92 00:04:34,839 --> 00:04:36,679 Speaker 2: and the reason that they're there in the first place 93 00:04:36,760 --> 00:04:40,640 Speaker 2: was to basically isis. It's a NATO base, a coalition 94 00:04:40,720 --> 00:04:42,719 Speaker 2: against ISIS. So you've got a bunch of Brits there, 95 00:04:42,839 --> 00:04:45,920 Speaker 2: you had some Italians there, You've got some Americans there. 96 00:04:46,440 --> 00:04:50,400 Speaker 2: Italians pull out. Brits are getting hammered with Kamakazie drones 97 00:04:50,600 --> 00:04:52,840 Speaker 2: and thankfully they're shooting them out of the sky. Still 98 00:04:52,839 --> 00:04:55,520 Speaker 2: waiting to hear if anyone has been injured. Gavin Gray 99 00:04:55,560 --> 00:04:59,279 Speaker 2: will update that on us at about quarter two this morning, 100 00:05:00,160 --> 00:05:02,480 Speaker 2: the bridge from five to eleven. We're going to Central 101 00:05:02,520 --> 00:05:04,960 Speaker 2: Hawk's Bay. Next, there is a McCain you've done in 102 00:05:05,040 --> 00:05:09,599 Speaker 2: a game situation. This is another veggie producer who is 103 00:05:09,640 --> 00:05:12,799 Speaker 2: closing down a factory. We'll ask why and also how 104 00:05:12,839 --> 00:05:16,119 Speaker 2: many No one's really said how many staff, how many 105 00:05:16,360 --> 00:05:19,760 Speaker 2: farmers affected by this? Will talk to the man next on. 106 00:05:19,760 --> 00:05:24,440 Speaker 1: Your radio and online on iHeartRadio Early edition with Ryan 107 00:05:24,480 --> 00:05:27,599 Speaker 1: Bridge and One roof Love, where you live. 108 00:05:27,720 --> 00:05:32,160 Speaker 2: News Talk sad Be thirteen minutes after five Ryan, this 109 00:05:32,240 --> 00:05:35,159 Speaker 2: is from Taylor fuel package. Where to start? Eleven percent, 110 00:05:35,200 --> 00:05:37,640 Speaker 2: we'll get it. What about the other eighty nine percent, Well, 111 00:05:37,680 --> 00:05:40,400 Speaker 2: we'll address that just before five point thirty this morning, Taylor, 112 00:05:40,400 --> 00:05:42,640 Speaker 2: thanks for your message very quickly to this poll. It's 113 00:05:42,640 --> 00:05:45,240 Speaker 2: from the Herald. It's done with Consumer Link that's part 114 00:05:45,279 --> 00:05:49,880 Speaker 2: of the Cantar network. It's basically post war and post 115 00:05:50,080 --> 00:05:55,320 Speaker 2: Chippy X wife situation, and they asked hefvier, has your 116 00:05:55,360 --> 00:05:58,520 Speaker 2: opinion of them changed in light of everything that's going on? 117 00:05:58,640 --> 00:06:02,560 Speaker 2: Have recent events changed your view of Christopher Luxen as 118 00:06:02,680 --> 00:06:05,880 Speaker 2: National Party leader and prime minister. I'll get to Chippy 119 00:06:05,920 --> 00:06:09,279 Speaker 2: in a second. The results showed fifty one percent so 120 00:06:09,760 --> 00:06:14,440 Speaker 2: half said there had been no change for Luxen. Thirty 121 00:06:14,480 --> 00:06:17,400 Speaker 2: eight percent said their view had changed for the worse, 122 00:06:18,279 --> 00:06:21,560 Speaker 2: ten percent said for the better. He has a net 123 00:06:21,600 --> 00:06:27,080 Speaker 2: score of negative twenty eight. Okay, so good but not great, 124 00:06:27,400 --> 00:06:31,880 Speaker 2: or bad but not terrible and Hipkins same thing. Half. 125 00:06:32,000 --> 00:06:35,159 Speaker 2: Fifty one percent also said their view had not changed. 126 00:06:35,680 --> 00:06:38,240 Speaker 2: Thirty four percent said their view had changed for the worse, 127 00:06:38,440 --> 00:06:42,120 Speaker 2: fifteen percent for the better. His net score minus nineteen, 128 00:06:42,240 --> 00:06:45,719 Speaker 2: so basically they hate chippy less than they hate Luxon. 129 00:06:46,120 --> 00:06:49,000 Speaker 2: But then again, everybody's a bit hated, especially if you 130 00:06:49,080 --> 00:06:51,359 Speaker 2: are a politician. At the moment, it is called a 131 00:06:51,360 --> 00:06:54,360 Speaker 2: past five Bryan Bridge. Another big blow for Hawk's Bay 132 00:06:54,440 --> 00:06:57,760 Speaker 2: veggie growers. McCain, the world's biggest frozen food companies, shutting 133 00:06:57,760 --> 00:07:01,760 Speaker 2: its Hastings veggie plant. What's already acting, it's frozen veggie production. 134 00:07:01,880 --> 00:07:04,640 Speaker 2: Will Foley is central Hawk's Bay Council mayor with us 135 00:07:04,640 --> 00:07:06,160 Speaker 2: this morning Morning, Will. 136 00:07:07,839 --> 00:07:11,320 Speaker 10: Morning Rime. Yeah, good fun the show, but not for yeah, 137 00:07:11,320 --> 00:07:11,880 Speaker 10: good reasons. 138 00:07:12,040 --> 00:07:14,600 Speaker 2: Absolutely not. Do you know how many workers would be 139 00:07:14,600 --> 00:07:15,400 Speaker 2: affected by this? 140 00:07:17,200 --> 00:07:20,720 Speaker 10: Yeah, we don't know yet from McCain's exactly the number, 141 00:07:21,280 --> 00:07:24,160 Speaker 10: but obviously there'll be a significant number of workers in 142 00:07:24,200 --> 00:07:28,040 Speaker 10: that factory. But it's more or just on top of 143 00:07:28,280 --> 00:07:32,360 Speaker 10: the whole supply chain. Really, there's thousands of hectares grow 144 00:07:32,960 --> 00:07:36,520 Speaker 10: in my districts in Talks Bay, probably equally in Hastings 145 00:07:36,640 --> 00:07:40,840 Speaker 10: and then all the logistics of transporting the produce and 146 00:07:41,080 --> 00:07:43,680 Speaker 10: in Ginets factory and then on from there. So yeah, 147 00:07:43,760 --> 00:07:44,560 Speaker 10: quite significantly. 148 00:07:44,600 --> 00:07:48,160 Speaker 2: Yeah, the fifty tons of veggies a year come from 149 00:07:48,200 --> 00:07:51,280 Speaker 2: around your way. Do you know what that means for 150 00:07:51,320 --> 00:07:52,920 Speaker 2: crop farmers. 151 00:07:54,400 --> 00:07:56,480 Speaker 10: Well, to be honest, ran that they're still in shock. 152 00:07:56,560 --> 00:07:59,880 Speaker 10: We were digesting the Waddy's announcement a few weeks ago 153 00:08:00,640 --> 00:08:03,520 Speaker 10: and talking to farmers and they were saying, look, it's 154 00:08:03,600 --> 00:08:06,280 Speaker 10: probably not as big an impact than walk spaces and 155 00:08:06,280 --> 00:08:09,640 Speaker 10: the likes of Canterbury with that decision, and we're quite lucky. 156 00:08:09,680 --> 00:08:13,840 Speaker 10: We've got McCain's here and we're getting strong and everything's 157 00:08:13,880 --> 00:08:16,440 Speaker 10: going well in that regard. So this has come as 158 00:08:16,440 --> 00:08:19,640 Speaker 10: a complete shock, and so farmers are just having to, yeah, 159 00:08:19,760 --> 00:08:22,080 Speaker 10: probably digest now what this means for them in twelve 160 00:08:22,080 --> 00:08:24,120 Speaker 10: months time, what would they be doing instead of to 161 00:08:25,160 --> 00:08:27,440 Speaker 10: replace that area that was in vegetables? 162 00:08:28,040 --> 00:08:30,600 Speaker 2: What else can they do? I mean that you're basically 163 00:08:30,640 --> 00:08:32,319 Speaker 2: responding to shock after shock, can't you. 164 00:08:34,360 --> 00:08:38,720 Speaker 10: Yeah, And obviously not great timing with what's happening around 165 00:08:38,720 --> 00:08:41,079 Speaker 10: the world and the fuel price impacts that's having on 166 00:08:41,320 --> 00:08:46,760 Speaker 10: just everyday people and businesses already. So yeah, I don't 167 00:08:46,800 --> 00:08:48,920 Speaker 10: think there's going to be any quick, easy answers because 168 00:08:48,960 --> 00:08:51,960 Speaker 10: there's a lot of uncertainty out there. We've got some 169 00:08:52,080 --> 00:08:54,200 Speaker 10: good things going on at the moment in the shed 170 00:08:54,200 --> 00:08:57,560 Speaker 10: and beef sector, in the horticultural sector, so Yeah, hopefully 171 00:08:57,559 --> 00:08:59,600 Speaker 10: there is some options, but it's just going to take 172 00:09:00,080 --> 00:09:02,520 Speaker 10: time for people to digest and work out what is 173 00:09:02,559 --> 00:09:03,160 Speaker 10: the best option. 174 00:09:03,520 --> 00:09:06,040 Speaker 2: And farmers in Canterbury is talking to you said that 175 00:09:06,040 --> 00:09:08,839 Speaker 2: we could see more conversions. Do you think we might 176 00:09:08,880 --> 00:09:12,160 Speaker 2: see that in Central Hawk's Bay. 177 00:09:13,040 --> 00:09:13,280 Speaker 3: Yeah. 178 00:09:13,320 --> 00:09:18,679 Speaker 10: We don't have as much water as Canterbury for irrigation, 179 00:09:19,400 --> 00:09:22,840 Speaker 10: so that kind of restricts our options. As I said, 180 00:09:22,880 --> 00:09:25,160 Speaker 10: the shed and beef sector's going well and that's our 181 00:09:25,480 --> 00:09:28,800 Speaker 10: kind of our lagos Land news areum in Hooks Bay 182 00:09:28,840 --> 00:09:31,800 Speaker 10: at the moment, and so yeah, it's not going to 183 00:09:31,800 --> 00:09:34,880 Speaker 10: be as profitable as crop farming, but it is an option. 184 00:09:35,080 --> 00:09:37,760 Speaker 10: And then horticulture as well, but there's significant cost and 185 00:09:37,800 --> 00:09:42,600 Speaker 10: converting to things like air orchards and the like. So yeah, 186 00:09:42,679 --> 00:09:43,800 Speaker 10: some big decisions to come. 187 00:09:44,120 --> 00:09:46,760 Speaker 2: Well, appreciate your time this morning. We'll following mere Central 188 00:09:46,920 --> 00:09:50,600 Speaker 2: Hawks Bay District Council. It is eighteen after five. Bread 189 00:09:50,760 --> 00:09:53,839 Speaker 2: Rich a little update on the UK manufacturers there. They 190 00:09:53,880 --> 00:09:57,360 Speaker 2: say this is the sharpest one month acceleration and costs. 191 00:09:57,360 --> 00:09:59,760 Speaker 2: In other words, costs are going up faster in the 192 00:09:59,840 --> 00:10:02,480 Speaker 2: lane last month than they have at any time since 193 00:10:02,559 --> 00:10:06,160 Speaker 2: Black Wednesday nineteen ninety two. Black Wednesday in nineteen ninety two, 194 00:10:06,200 --> 00:10:08,640 Speaker 2: as you will know, was the currency crisis, the pound collapse. 195 00:10:09,559 --> 00:10:13,560 Speaker 2: They say output growth across manufacturing services has slowed to 196 00:10:13,920 --> 00:10:18,400 Speaker 2: essentially a crawl risk aversion. You know, customers basically worried 197 00:10:18,440 --> 00:10:20,440 Speaker 2: about what's going to happen with the world, so pulling 198 00:10:20,480 --> 00:10:25,200 Speaker 2: back price pressures, higher interest rates and travel supplies, train 199 00:10:25,480 --> 00:10:28,120 Speaker 2: chain disruptions are the big problems for them. So a 200 00:10:28,120 --> 00:10:31,520 Speaker 2: little alarm bell from UK manufacturers. Of course, hopefully it 201 00:10:31,520 --> 00:10:34,319 Speaker 2: could all be over tomorrow. Then we don't need to worry, 202 00:10:34,360 --> 00:10:36,839 Speaker 2: do we. Eighteen after five News Talks. 203 00:10:36,559 --> 00:10:40,760 Speaker 1: Itb News and Views you trust to start your day. 204 00:10:41,080 --> 00:10:44,520 Speaker 1: It's earlier this ship with Ryan Bridge and one roof 205 00:10:44,960 --> 00:10:47,240 Speaker 1: Love where you Live news talks that b BO. 206 00:10:47,200 --> 00:10:50,360 Speaker 2: Twenty one News Talks. B Jack says Ryan, what's with 207 00:10:50,559 --> 00:10:54,600 Speaker 2: the Kamikazi drones? Aren't they just drones doing what drones do? 208 00:10:55,200 --> 00:10:59,040 Speaker 2: Very good question. This is after the fourteen such drones 209 00:10:59,080 --> 00:11:03,800 Speaker 2: attacked apparently a multinational camp in Norman I ark last 210 00:11:03,880 --> 00:11:06,360 Speaker 2: night and the British Special Forces had to shoot them 211 00:11:06,360 --> 00:11:08,800 Speaker 2: out of the sky. So the difference because I asked 212 00:11:08,800 --> 00:11:11,800 Speaker 2: the same question this morning. The difference is that you 213 00:11:11,880 --> 00:11:16,319 Speaker 2: get regular drones, your UAVs. They're reusable, They go out 214 00:11:16,360 --> 00:11:19,960 Speaker 2: and they come back, whereas these ones are just single use, 215 00:11:20,040 --> 00:11:23,160 Speaker 2: one way, like a plastic shopping bag. They go out 216 00:11:23,480 --> 00:11:26,400 Speaker 2: and they get used, and they don't come home. They 217 00:11:26,480 --> 00:11:30,200 Speaker 2: just crash into their target. In fibles twenty one after five, 218 00:11:30,559 --> 00:11:33,480 Speaker 2: Ryan Bridge. So the RBNZ Governor Arna Breman's broken his 219 00:11:33,600 --> 00:11:35,040 Speaker 2: silence on the fuel situation. 220 00:11:35,600 --> 00:11:40,600 Speaker 11: We are likely to see higher headline inflation over the 221 00:11:40,640 --> 00:11:45,600 Speaker 11: near term and somewhat weaker growth momentum. I will not 222 00:11:46,080 --> 00:11:51,840 Speaker 11: rule out neither retakes nor red cuts because of the 223 00:11:51,960 --> 00:11:53,760 Speaker 11: uncertainty and the global environment. 224 00:11:53,880 --> 00:11:57,360 Speaker 2: The message to business, we're watching price increases closely, We're 225 00:11:57,360 --> 00:12:00,920 Speaker 2: watching wage hikes, potential wage hikes close They can't get 226 00:12:00,920 --> 00:12:04,240 Speaker 2: into an inflation feeding spiral. Here. Catherine bed was listening 227 00:12:04,280 --> 00:12:07,160 Speaker 2: to the speech and Business and Z joys us this morning. Morning. 228 00:12:07,240 --> 00:12:09,040 Speaker 8: Catherine, good morning. 229 00:12:09,280 --> 00:12:11,360 Speaker 2: So business is going to high prices. 230 00:12:13,600 --> 00:12:16,400 Speaker 8: Look, I believe they will hold off as long as 231 00:12:16,440 --> 00:12:21,920 Speaker 8: they possibly can. And you know there was discussion about 232 00:12:23,160 --> 00:12:28,239 Speaker 8: for supplies to make those any fuel increases quite transparent 233 00:12:28,400 --> 00:12:31,240 Speaker 8: so that you know they're not kind of getting baked 234 00:12:31,280 --> 00:12:36,120 Speaker 8: in so very much holding off. We had supermarkets in 235 00:12:36,160 --> 00:12:40,040 Speaker 8: the room, we had ports, we had banks talking about 236 00:12:40,080 --> 00:12:44,240 Speaker 8: how their customers are handling this. So obviously this all 237 00:12:44,280 --> 00:12:47,079 Speaker 8: depends how long it goes on. If it's not too long, 238 00:12:48,080 --> 00:12:51,600 Speaker 8: then it was actually quite a reassuring speech. I think, 239 00:12:52,080 --> 00:12:54,920 Speaker 8: you know, she pointed out that banks are well capitalized 240 00:12:55,840 --> 00:13:00,599 Speaker 8: and we are in the early stages of economic with 241 00:13:00,840 --> 00:13:02,959 Speaker 8: manufacturing performing quite well. 242 00:13:03,480 --> 00:13:05,400 Speaker 10: Service is slower to improve. 243 00:13:05,679 --> 00:13:08,000 Speaker 8: But I guess the point being that it's not a 244 00:13:08,080 --> 00:13:13,760 Speaker 8: hot economic market, so if this is inflationary, it's kind 245 00:13:13,760 --> 00:13:15,600 Speaker 8: of further down the track, was the message. 246 00:13:15,640 --> 00:13:18,200 Speaker 2: I think, yeah, in short term they can look through it, 247 00:13:18,240 --> 00:13:20,960 Speaker 2: but anything medium or longer term than have to start 248 00:13:21,000 --> 00:13:22,320 Speaker 2: doing something serious about it. 249 00:13:23,880 --> 00:13:27,280 Speaker 8: Yeah, and I think the message was that that's not 250 00:13:27,440 --> 00:13:30,760 Speaker 8: now and that New Zealand's not in a bad place 251 00:13:30,920 --> 00:13:34,280 Speaker 8: to you know, to weather it. They will be super 252 00:13:34,320 --> 00:13:37,320 Speaker 8: focused on inflation to make sure that it doesn't start 253 00:13:37,360 --> 00:13:40,439 Speaker 8: to get baked in. And you know, she kind of 254 00:13:40,480 --> 00:13:43,440 Speaker 8: made the point which everybody knows that an inflation re 255 00:13:43,600 --> 00:13:48,520 Speaker 8: environment really steals everybody's purchasing power and it's not good. 256 00:13:48,679 --> 00:13:51,480 Speaker 10: So but yeah, look, I think it was it was positive. 257 00:13:51,480 --> 00:13:52,560 Speaker 2: It was quite well. 258 00:13:52,360 --> 00:13:57,760 Speaker 8: Received, and businesses are preparing for the worst obviously, but 259 00:13:57,800 --> 00:14:01,160 Speaker 8: that things at the moment are not too bad, and 260 00:14:01,240 --> 00:14:04,280 Speaker 8: that the feeling I got was that, particularly for some 261 00:14:04,320 --> 00:14:08,280 Speaker 8: of the big businesses, you know, they could probably get 262 00:14:08,320 --> 00:14:11,640 Speaker 8: through to about the middle of the year before things 263 00:14:11,679 --> 00:14:14,640 Speaker 8: start to go quite pear shaped. And hopefully that doesn't 264 00:14:14,640 --> 00:14:18,240 Speaker 8: come about because the situation gets sorted one hundred percent. 265 00:14:18,240 --> 00:14:21,000 Speaker 2: Appreciate your time this morning, Catherine bed Business end Z. 266 00:14:21,160 --> 00:14:24,000 Speaker 2: It is twenty four minutes after five. Gavin Gray is 267 00:14:24,040 --> 00:14:27,040 Speaker 2: with us at quarter two. He's our UK correspondent and 268 00:14:27,080 --> 00:14:29,320 Speaker 2: I want to talk to him about because the British 269 00:14:29,360 --> 00:14:31,880 Speaker 2: and the French have come out and said we will 270 00:14:31,960 --> 00:14:35,160 Speaker 2: and this goes to exactly what Catherine was saying, how 271 00:14:35,200 --> 00:14:37,720 Speaker 2: long does this thing drag on? Let's hope that inflation 272 00:14:37,800 --> 00:14:41,360 Speaker 2: doesn't go to medium term. They have come out and said, yeah, 273 00:14:41,400 --> 00:14:43,960 Speaker 2: we'll do something with the straight of hor Moos. We 274 00:14:44,080 --> 00:14:46,680 Speaker 2: will help patrol it, we'll send in our we've got 275 00:14:46,720 --> 00:14:51,520 Speaker 2: really good anti mine boats, etc. We'll send them in there. 276 00:14:51,560 --> 00:14:54,560 Speaker 2: But we need to cease fire first. So the Brits 277 00:14:54,600 --> 00:14:58,840 Speaker 2: and the French ready for the Strait, but first you've 278 00:14:58,840 --> 00:15:02,880 Speaker 2: got to have some talks and agreement between the Americans, 279 00:15:02,920 --> 00:15:06,080 Speaker 2: the Israelis and Iran on the other side. We'll look 280 00:15:06,080 --> 00:15:09,920 Speaker 2: at this tax package next twenty five after five the early. 281 00:15:09,800 --> 00:15:13,480 Speaker 1: Edition full the Show podcast on iHeartRadio, how it By 282 00:15:13,520 --> 00:15:14,240 Speaker 1: News Talks. 283 00:15:14,040 --> 00:15:18,320 Speaker 2: ITV News TALKSIRB It is five twenty seven. How much 284 00:15:18,360 --> 00:15:21,360 Speaker 2: does fifty bucks for some families cost the rest of us? 285 00:15:21,720 --> 00:15:24,880 Speaker 2: That's the real question we should be asking ourselves this morning. Remember, 286 00:15:24,960 --> 00:15:28,000 Speaker 2: the government's running a deficit, a structural one. They spend 287 00:15:28,040 --> 00:15:30,440 Speaker 2: more than they earn in taxes. The up to four 288 00:15:30,520 --> 00:15:33,960 Speaker 2: hundred million dollars in yesterday's package comes from the operating allowance. 289 00:15:33,960 --> 00:15:37,440 Speaker 2: That's new money. Government claims this is basically like a 290 00:15:37,800 --> 00:15:42,000 Speaker 2: checking account, but that's disputed. The Taxpayers Union says, given 291 00:15:42,040 --> 00:15:44,040 Speaker 2: the fact the books are in the red, new spending 292 00:15:44,080 --> 00:15:46,960 Speaker 2: is basically funded by borrowing. Therefore, it's more like a 293 00:15:47,000 --> 00:15:50,040 Speaker 2: credit card than a check account. We do have a 294 00:15:50,080 --> 00:15:52,960 Speaker 2: budget in May where cuts will surely come. But remember 295 00:15:53,400 --> 00:15:56,880 Speaker 2: the forecasts for the tax take are also dependent on 296 00:15:56,960 --> 00:16:00,240 Speaker 2: forecasts for growth, and growth is being hit by oil two. 297 00:16:00,440 --> 00:16:02,680 Speaker 2: That means they won't earn as much as they thought 298 00:16:02,680 --> 00:16:05,720 Speaker 2: they would. Add to that the fact that borrowing costs 299 00:16:05,760 --> 00:16:08,840 Speaker 2: are roughly twenty percent higher now than they thought they 300 00:16:08,880 --> 00:16:11,520 Speaker 2: would be back in December, and the spending starts to 301 00:16:11,560 --> 00:16:14,960 Speaker 2: look a little shaky. Fifty dollars per family is not 302 00:16:15,080 --> 00:16:17,560 Speaker 2: the real number we should be talking about this morning. 303 00:16:17,560 --> 00:16:19,640 Speaker 2: The number we should be talking about this morning is 304 00:16:19,760 --> 00:16:24,720 Speaker 2: five six hundred dollars per household. That's roughly how much 305 00:16:24,800 --> 00:16:28,120 Speaker 2: we are going to spend next year servicing our debt. 306 00:16:28,480 --> 00:16:31,920 Speaker 2: That is, before all of this extra cost. Just think 307 00:16:31,960 --> 00:16:35,400 Speaker 2: about that. Look around your household, your family. That's five 308 00:16:35,440 --> 00:16:39,320 Speaker 2: and a half grand a year, just an interest, more 309 00:16:39,360 --> 00:16:43,120 Speaker 2: than we spend on schooling our kids through primary and secondary. 310 00:16:43,760 --> 00:16:47,080 Speaker 2: Debt servicing is now the fourth largest line item on 311 00:16:47,120 --> 00:16:50,880 Speaker 2: the government's books, according to Treasury, The more we spend, 312 00:16:51,200 --> 00:16:53,720 Speaker 2: the longer it takes till we even start paying down 313 00:16:53,760 --> 00:16:57,280 Speaker 2: the debt. That magical, mystical date has been pushed out 314 00:16:57,360 --> 00:17:01,280 Speaker 2: until at least twenty thirty. Like waiting for Taylor Swift 315 00:17:01,320 --> 00:17:04,000 Speaker 2: to announce the concert at Eden Park would be amazing. 316 00:17:04,600 --> 00:17:08,760 Speaker 2: I'd be there, but will it actually ever happen. I'm 317 00:17:08,760 --> 00:17:11,520 Speaker 2: not saying people don't need petrol money today, but is 318 00:17:11,560 --> 00:17:14,320 Speaker 2: anyone asking at what cost tomorrow? 319 00:17:15,119 --> 00:17:20,800 Speaker 1: Ryan Bridge. 320 00:17:19,800 --> 00:17:22,200 Speaker 2: Twenty nine minutes after five News Talks v B get 321 00:17:22,240 --> 00:17:24,879 Speaker 2: to Gavin Gray, latest out of the UK and Europe, 322 00:17:25,600 --> 00:17:29,119 Speaker 2: and we will talk to about that tax package. Just 323 00:17:29,160 --> 00:17:32,520 Speaker 2: before six nine two the number to text you're on 324 00:17:32,600 --> 00:17:33,159 Speaker 2: News Talk. 325 00:17:33,040 --> 00:17:43,280 Speaker 1: SEB the news you need this morning and the in 326 00:17:43,400 --> 00:17:47,520 Speaker 1: depth analysis early edition with Ryan Bridge and One Room 327 00:17:47,920 --> 00:17:49,879 Speaker 1: Love where you Live News Talks at B. 328 00:17:52,520 --> 00:17:55,360 Speaker 2: Pretty far away from the news talk, said B and La. 329 00:17:55,520 --> 00:17:58,280 Speaker 2: The jury coming and a ring on the social media trial, 330 00:17:58,280 --> 00:17:59,960 Speaker 2: the big one, a big tech will keep you across 331 00:18:00,080 --> 00:18:01,959 Speaker 2: that if we get a result this morning. Also we'll 332 00:18:02,000 --> 00:18:05,760 Speaker 2: head to London. The arson attacks there on the Jewish 333 00:18:05,800 --> 00:18:10,840 Speaker 2: ambulances was a group backed by the Iranian state. That's 334 00:18:10,840 --> 00:18:13,159 Speaker 2: the question, Gavin. We'll answer at quarter two, and we'll 335 00:18:13,160 --> 00:18:15,080 Speaker 2: look at the fuel package before six as well. Lots 336 00:18:15,080 --> 00:18:17,359 Speaker 2: of your feedback on that, Ryan, the fuel package seems 337 00:18:17,359 --> 00:18:20,480 Speaker 2: to be as good as we could expect. We're broke, 338 00:18:21,040 --> 00:18:22,919 Speaker 2: so we need to deal with that fact. Cut a 339 00:18:22,920 --> 00:18:26,159 Speaker 2: few streaming channels, one less coffee. Just realize it's not 340 00:18:26,200 --> 00:18:28,480 Speaker 2: the government's job to prop us up every time something 341 00:18:28,520 --> 00:18:31,920 Speaker 2: goes wrong. Graham, Good morning, Fred says too many people 342 00:18:31,960 --> 00:18:34,600 Speaker 2: in this country expect the government to help them whenever 343 00:18:34,760 --> 00:18:37,000 Speaker 2: there is a problem and bail them out. It's a 344 00:18:37,000 --> 00:18:42,399 Speaker 2: cultural issue that needs to change. Another says Ryan, The 345 00:18:42,480 --> 00:18:46,560 Speaker 2: problem is if you are if you've got children, ra 346 00:18:46,560 --> 00:18:48,200 Speaker 2: even if you don't have children, you're trying to get 347 00:18:48,240 --> 00:18:50,480 Speaker 2: to work. It's become very expensive to get to work. 348 00:18:50,520 --> 00:18:52,320 Speaker 2: And if you don't go to work, that affects the 349 00:18:52,400 --> 00:18:55,480 Speaker 2: economy too, which is a good point, but you've got 350 00:18:55,480 --> 00:18:58,680 Speaker 2: to balance that with how much extra it is costing 351 00:18:58,760 --> 00:19:02,960 Speaker 2: us an interest and how what the opportunity cost of 352 00:19:03,000 --> 00:19:06,720 Speaker 2: that is ie education or health twenty three to two 353 00:19:06,760 --> 00:19:10,840 Speaker 2: six Ray Challenge and dened Morning Cullum Welling. Right, So 354 00:19:10,920 --> 00:19:15,520 Speaker 2: we've got a coroner's decision. Do we on the Beckonridge case? Yes, 355 00:19:15,560 --> 00:19:15,760 Speaker 2: we do. 356 00:19:15,880 --> 00:19:18,040 Speaker 12: Now this is the case of John Beckinridge and his 357 00:19:18,080 --> 00:19:21,480 Speaker 12: son Mike Beckinridge, who were last seen near the Catlands 358 00:19:21,480 --> 00:19:24,359 Speaker 12: back in twenty fifteen. You'll remember their car was found 359 00:19:24,400 --> 00:19:26,240 Speaker 12: in rough seas at the bottom of an eighty eight 360 00:19:26,280 --> 00:19:30,360 Speaker 12: meter cliff, though no bodies have ever been found. Mike's mother, 361 00:19:30,400 --> 00:19:32,600 Speaker 12: Fiona Lou has long been convinced her son is still 362 00:19:32,640 --> 00:19:36,200 Speaker 12: alive and her former partner faked the deaths, fled New 363 00:19:36,240 --> 00:19:40,440 Speaker 12: Zealand and established new identities overseas a coroner. Now, though 364 00:19:40,720 --> 00:19:44,920 Speaker 12: Ryan has dismissed those claims as implausible. The coroner, Marcus 365 00:19:44,960 --> 00:19:48,600 Speaker 12: Elliot says Beckinridge's actions illustrate he didn't have or display 366 00:19:49,240 --> 00:19:52,320 Speaker 12: the characteristics of a resourceful and well prepared criminal. He 367 00:19:52,400 --> 00:19:54,879 Speaker 12: finds it's more than likely the pair died due to 368 00:19:54,960 --> 00:19:58,280 Speaker 12: injuries sustained when the vehicle crashed over that cliff into 369 00:19:58,280 --> 00:19:59,960 Speaker 12: the sea and their bodies were washed away. 370 00:20:00,240 --> 00:20:01,320 Speaker 2: All right, how's the weather. 371 00:20:02,440 --> 00:20:05,119 Speaker 12: It's cloudy today for most of the day, evening trizzle 372 00:20:05,240 --> 00:20:06,920 Speaker 12: for to need in the high today seventeenth. 373 00:20:07,400 --> 00:20:09,679 Speaker 2: Really fascinating case that because there was no bodies in 374 00:20:09,720 --> 00:20:12,880 Speaker 2: the cars, right, so everyone was like, well where are they? Clear? 375 00:20:12,960 --> 00:20:16,159 Speaker 2: And christ Church morning, Claire, good morning. Now, a man's 376 00:20:16,200 --> 00:20:19,800 Speaker 2: death has sparked warning about the deadly risks of copper theft. Yeah, 377 00:20:19,840 --> 00:20:21,040 Speaker 2: this is a tragic story. 378 00:20:21,080 --> 00:20:24,280 Speaker 5: A man died after reportedly trying to steal copper from 379 00:20:24,320 --> 00:20:27,800 Speaker 5: a power box on Brooker Avenue in the Booward part 380 00:20:27,840 --> 00:20:31,960 Speaker 5: of the Red Zone overnight Monday into Tuesday. Now Orion 381 00:20:32,040 --> 00:20:36,280 Speaker 5: says more than five hundred homes automatically lost power. The 382 00:20:36,320 --> 00:20:38,720 Speaker 5: sad thing is first aid couldn't be applied to this 383 00:20:38,840 --> 00:20:41,800 Speaker 5: man until that was done and until power was cut 384 00:20:41,920 --> 00:20:45,360 Speaker 5: to the power box in order to keep first responders safe. 385 00:20:45,520 --> 00:20:49,600 Speaker 5: The Metal Recyclers Association president Spencer Trillo says this tragedy 386 00:20:49,640 --> 00:20:52,360 Speaker 5: highlights how crazy it is to be tampering with live 387 00:20:52,440 --> 00:20:55,280 Speaker 5: power lines, which has been an ongoing problem in christ Church, 388 00:20:55,320 --> 00:20:58,159 Speaker 5: particularly the Red Zone for some years. He says they 389 00:20:58,200 --> 00:21:01,720 Speaker 5: are working alongside police by building database in order to 390 00:21:01,760 --> 00:21:04,760 Speaker 5: identify people and get them off the streets when they're 391 00:21:04,800 --> 00:21:05,879 Speaker 5: doing this from desperation. 392 00:21:06,119 --> 00:21:07,359 Speaker 2: All right, how's the weather clear? 393 00:21:07,960 --> 00:21:10,160 Speaker 5: Localout or fog breaking up for a time. A bit 394 00:21:10,240 --> 00:21:13,800 Speaker 5: later there will be some apache evening drizzle southwesterlyes and 395 00:21:13,920 --> 00:21:14,840 Speaker 5: a high of nineteen. 396 00:21:15,000 --> 00:21:18,600 Speaker 2: Thank you morning, Thank you clear in morning, Max, Good morning. 397 00:21:18,840 --> 00:21:22,080 Speaker 2: You've got an I watering bill coming? Do you well? 398 00:21:22,560 --> 00:21:23,200 Speaker 13: Homeowners? 399 00:21:23,240 --> 00:21:23,320 Speaker 3: Do? 400 00:21:23,480 --> 00:21:26,760 Speaker 13: I don't. TIAQIY is the region's new water entity, replacing 401 00:21:27,440 --> 00:21:32,080 Speaker 13: Wellington Water, the government's local water done Well policy, drinking water, wastewater, 402 00:21:32,160 --> 00:21:37,320 Speaker 13: storm water services, etc. Perhaps unsurprisingly also unsavory. It all 403 00:21:37,359 --> 00:21:40,240 Speaker 13: adds up to about a fifteen percent increase in terms 404 00:21:40,240 --> 00:21:43,880 Speaker 13: of the overall rates bill household water bills. The water 405 00:21:43,920 --> 00:21:46,840 Speaker 13: bills just themselves could reach us high as seven thousand 406 00:21:46,880 --> 00:21:48,560 Speaker 13: dollars within a decade. I think there are going to 407 00:21:48,560 --> 00:21:50,639 Speaker 13: be a lot of people in the region who are 408 00:21:50,680 --> 00:21:53,960 Speaker 13: going to be taken by surprise. In July, and that's 409 00:21:54,000 --> 00:21:56,680 Speaker 13: when the first water bill arrives as a separate bill. 410 00:21:56,680 --> 00:22:00,800 Speaker 13: It's currently wrapped up into the rate spill. Average water 411 00:22:00,880 --> 00:22:03,720 Speaker 13: bill will be a twenty four hundred bucks this year 412 00:22:03,760 --> 00:22:06,960 Speaker 13: for households in Wellington, Hut Valley, Potydoor. And then it's 413 00:22:07,000 --> 00:22:10,280 Speaker 13: going to climb rapidly year on year. Yeah, eventually reaching 414 00:22:10,480 --> 00:22:13,800 Speaker 13: potentially almost seven thousand dollars a year within a decade 415 00:22:13,840 --> 00:22:14,399 Speaker 13: just for water. 416 00:22:14,640 --> 00:22:17,080 Speaker 2: Wow. Hey, when you go on your trip max. 417 00:22:18,440 --> 00:22:20,480 Speaker 13: Late June, mid to late June, all right, have. 418 00:22:20,480 --> 00:22:24,160 Speaker 2: You seen the TUSA lines at the airports in America? 419 00:22:24,440 --> 00:22:25,879 Speaker 2: You know I'm being smart. 420 00:22:25,920 --> 00:22:28,240 Speaker 13: I'm flying into Vancouver, a bit more of a friendly 421 00:22:28,280 --> 00:22:31,560 Speaker 13: country and crossing the land border into Washington. I think 422 00:22:31,640 --> 00:22:34,880 Speaker 13: Washington probably one of the more liberal states. Hopefully they 423 00:22:34,960 --> 00:22:36,080 Speaker 13: treat Kiwi's kindly. 424 00:22:36,240 --> 00:22:39,639 Speaker 2: Yeah, well, what's wrong with you? What skeletons have you 425 00:22:39,640 --> 00:22:40,280 Speaker 2: got in your clothing? 426 00:22:41,840 --> 00:22:44,400 Speaker 13: Who knows what I've posted on Facebook or Twitter about 427 00:22:44,400 --> 00:22:47,040 Speaker 13: the current president at some point? Who knows how's your 428 00:22:47,040 --> 00:22:49,960 Speaker 13: weather little cloudy and drizzly nineteen the high. 429 00:22:50,040 --> 00:22:52,680 Speaker 2: Have a good one, mate, neighbor in Auckland. Morning Neivor greetings. 430 00:22:53,080 --> 00:22:54,560 Speaker 2: Fewer cranes in the sky. 431 00:22:54,600 --> 00:22:55,480 Speaker 4: Yes, it's right now. 432 00:22:55,520 --> 00:22:59,840 Speaker 14: Look data from Quantity Surveyors Rider live at Bunal showing 433 00:22:59,840 --> 00:23:02,360 Speaker 14: the New Zealand only had one hundred and two cranes 434 00:23:02,400 --> 00:23:04,760 Speaker 14: in the first quarter of this year. Now this compares 435 00:23:04,760 --> 00:23:08,080 Speaker 14: to one hundred and fifty four years ago. So it 436 00:23:08,280 --> 00:23:12,239 Speaker 14: mirror's latest GDP data showing the construction sect has been 437 00:23:12,240 --> 00:23:16,840 Speaker 14: continuing to shrink. And Bradley Coley, he's the RLB Associate director. 438 00:23:16,840 --> 00:23:20,000 Speaker 14: He says, look that economic downturn and it's still showing 439 00:23:20,480 --> 00:23:23,280 Speaker 14: a lot of these older projects are finishing, so there's 440 00:23:23,320 --> 00:23:25,800 Speaker 14: not many new ones popping up. But he says, hopefully 441 00:23:25,800 --> 00:23:27,280 Speaker 14: and this will be good that the you know, the 442 00:23:27,320 --> 00:23:30,480 Speaker 14: government's fast Trek process that should help in more projects 443 00:23:30,640 --> 00:23:33,320 Speaker 14: likely to come through. Make it faster, yes, make it faster. 444 00:23:33,720 --> 00:23:36,000 Speaker 14: With about a few showers mainly north of the Harbor 445 00:23:36,040 --> 00:23:38,520 Speaker 14: Bridge journey to rain in the evening. The rain is coming. 446 00:23:38,520 --> 00:23:40,240 Speaker 14: Twenty two is the high though here in Auckland. 447 00:23:40,320 --> 00:23:44,600 Speaker 2: Brilliant. Thank you very much. Time teen minutes away from 448 00:23:44,640 --> 00:23:46,800 Speaker 2: six o'clock. There was a report in the Australian last 449 00:23:46,880 --> 00:23:50,800 Speaker 2: night in Exon Mobil, which owns Mobile New Zealand, so 450 00:23:50,840 --> 00:23:54,399 Speaker 2: all your mobile stores. Apparently Gold and Sachs has been 451 00:23:54,440 --> 00:23:57,240 Speaker 2: appointed to sell them off. The x On Mobile, the 452 00:23:57,320 --> 00:24:00,639 Speaker 2: global American owned wants to get out of New Zealand. Basically, 453 00:24:00,720 --> 00:24:02,840 Speaker 2: this is just a report from the Australian. It would 454 00:24:02,920 --> 00:24:05,560 Speaker 2: likely break up the business and sell it in parts 455 00:24:05,680 --> 00:24:11,080 Speaker 2: it owns the terminals. Think Witty Welling, the Mount Monganui, Wellington, 456 00:24:11,200 --> 00:24:14,720 Speaker 2: christ Church Bluff. They've got one hundred and fifty service stations. 457 00:24:14,920 --> 00:24:17,680 Speaker 2: The terminal part of the business is apparently the most 458 00:24:17,680 --> 00:24:20,240 Speaker 2: attractive bit, the one that people would actually want. Could 459 00:24:20,320 --> 00:24:23,240 Speaker 2: get between half a billion and a billion dollars for 460 00:24:23,400 --> 00:24:26,760 Speaker 2: their exit, high tailing it out of here. And why 461 00:24:26,800 --> 00:24:29,520 Speaker 2: are they doing this? While the you investors Wall Street 462 00:24:29,560 --> 00:24:33,720 Speaker 2: they want these businesses, this one in particular, to have 463 00:24:33,800 --> 00:24:35,919 Speaker 2: higher returning assets. They want to pay down to some 464 00:24:36,000 --> 00:24:38,000 Speaker 2: debt and they want some money back, thank you very much, 465 00:24:38,080 --> 00:24:40,560 Speaker 2: as all investors do. Seventeen to six. We're in the 466 00:24:40,640 --> 00:24:43,080 Speaker 2: UK next. You would have heard all the chatter lately 467 00:24:43,080 --> 00:24:46,920 Speaker 2: about key we save government super retirement savings more generally, 468 00:24:47,000 --> 00:24:50,000 Speaker 2: and we're all wondering. Everybody is. I'm wondering what will 469 00:24:50,040 --> 00:24:54,240 Speaker 2: the landscape look like when it's my turn to stop work. Well, 470 00:24:54,359 --> 00:24:56,200 Speaker 2: this is where it is good to know that your 471 00:24:56,280 --> 00:24:59,000 Speaker 2: key we save a plan is working hard now to 472 00:24:59,080 --> 00:25:02,520 Speaker 2: gain the benefit of time. And that is where Milford 473 00:25:02,760 --> 00:25:05,720 Speaker 2: really proves its worth. They've got the best investment experts 474 00:25:05,720 --> 00:25:09,040 Speaker 2: in the business. They actively manage their clients' funds with 475 00:25:09,119 --> 00:25:11,760 Speaker 2: a long term mindset. All you need to do is 476 00:25:11,800 --> 00:25:14,320 Speaker 2: look at the data from morning Star have a look yourself. 477 00:25:14,480 --> 00:25:18,119 Speaker 2: Milford's Kiwisaver funds are number one for performance over the 478 00:25:18,160 --> 00:25:22,560 Speaker 2: past ten years in the active, growth, balanced and conservative categories. 479 00:25:22,960 --> 00:25:26,840 Speaker 2: That is proven long term consistency. They are great results. 480 00:25:27,280 --> 00:25:29,520 Speaker 2: Go and check them out Morningstar dot com dot AU. 481 00:25:29,600 --> 00:25:32,080 Speaker 2: Don't take my word for it, so let time and 482 00:25:32,160 --> 00:25:36,080 Speaker 2: expertise work for you. Check out Milfordasset dot com forward 483 00:25:36,080 --> 00:25:40,080 Speaker 2: slash Kiwisaver Past performance not a reliable indicator of future performance. 484 00:25:40,200 --> 00:25:43,480 Speaker 2: Milford Funds Limited as the issuer of the Milford kiwisab Plan. 485 00:25:43,520 --> 00:25:45,439 Speaker 2: Go to Milford Asset dot com to read the Milford 486 00:25:45,480 --> 00:25:50,240 Speaker 2: Keewisaberplan product disclosure statement. And their financial advice provided disclosure statement. 487 00:25:51,040 --> 00:25:54,960 Speaker 1: International correspondence with ends and eye insurance, peace of mind 488 00:25:55,000 --> 00:25:56,000 Speaker 1: for New Zealand business. 489 00:25:57,200 --> 00:25:59,119 Speaker 2: We'll have a tax package in a second, just gone 490 00:25:59,160 --> 00:26:01,520 Speaker 2: fourteen away from six. Let's go to Devin gray Are 491 00:26:01,600 --> 00:26:04,560 Speaker 2: UK europe correspondent, because there's been in attack reportedly by 492 00:26:04,600 --> 00:26:07,919 Speaker 2: Iranian drones on a base in Norman, Iraq with some 493 00:26:07,960 --> 00:26:10,639 Speaker 2: British special forces housed Givin. 494 00:26:10,680 --> 00:26:13,760 Speaker 4: What do we know, Yeah, it's one of the busiest 495 00:26:14,160 --> 00:26:16,720 Speaker 4: days or nights there that they have had so far. 496 00:26:16,800 --> 00:26:19,479 Speaker 4: Actually ran and it actually brings the number of drones 497 00:26:19,520 --> 00:26:22,480 Speaker 4: that they have brought down to close to seventy. That's 498 00:26:22,520 --> 00:26:26,280 Speaker 4: from the base. These ground to air missiles that they're 499 00:26:26,359 --> 00:26:29,879 Speaker 4: using interting seventy compares to just five shot down by 500 00:26:29,880 --> 00:26:32,879 Speaker 4: British jets. A sign of changing warfare, I think. But 501 00:26:33,200 --> 00:26:36,680 Speaker 4: this comes after Tehran ramped up its attacks even though 502 00:26:37,240 --> 00:26:40,320 Speaker 4: they were talking potentially at least according to the US President, 503 00:26:40,600 --> 00:26:43,280 Speaker 4: of talking of peace and a roadmap to peace. Now, 504 00:26:43,320 --> 00:26:46,280 Speaker 4: these RAF Regiment troops are defending a base in air 505 00:26:46,359 --> 00:26:50,280 Speaker 4: Bill in northern Iraq and they've been there a while. 506 00:26:50,840 --> 00:26:53,320 Speaker 4: The RAF Regiment's rocket launch just have a range of 507 00:26:53,480 --> 00:26:56,240 Speaker 4: up to sort of six kilometers and they fire these 508 00:26:56,359 --> 00:26:59,119 Speaker 4: multi roll missiles that are designed to explode when they 509 00:26:59,160 --> 00:27:02,479 Speaker 4: get close to their targets and then basically rip them 510 00:27:02,480 --> 00:27:05,600 Speaker 4: apart with shraknaw. So they have had great success at 511 00:27:05,600 --> 00:27:09,280 Speaker 4: this so far, and they're using radars and ultra long 512 00:27:09,359 --> 00:27:12,760 Speaker 4: range thermal imaging cameras to detect these incoming drones. But 513 00:27:12,920 --> 00:27:15,080 Speaker 4: of course that does go to show as well that 514 00:27:15,160 --> 00:27:18,000 Speaker 4: this talk of things calming down in the region seeds 515 00:27:18,040 --> 00:27:19,400 Speaker 4: to be far from the mark. 516 00:27:20,160 --> 00:27:23,000 Speaker 2: What about the ambulances in London that were the Jewish 517 00:27:23,119 --> 00:27:27,400 Speaker 2: charity owned ambulances and they were attacked. Is this some 518 00:27:27,640 --> 00:27:30,880 Speaker 2: suggestion that the Iranian government or the Ranian state might 519 00:27:30,920 --> 00:27:31,480 Speaker 2: be involved. 520 00:27:32,440 --> 00:27:35,040 Speaker 4: Yes, more than just a suggestion, in fact quite extraordinary 521 00:27:35,040 --> 00:27:38,359 Speaker 4: statements from the head of the Metropolitan Police in London, 522 00:27:38,640 --> 00:27:42,000 Speaker 4: so Mark Rowley. Now he's effectively said that there are 523 00:27:42,040 --> 00:27:45,679 Speaker 4: possible links to the Iranian state. These four ambulances that 524 00:27:46,800 --> 00:27:50,560 Speaker 4: attended patients with everything from a cut thumb to causing 525 00:27:50,600 --> 00:27:54,840 Speaker 4: a cardiac arrest, and are used for not just the 526 00:27:54,920 --> 00:27:57,800 Speaker 4: Jewish community but non Jewish as well. They were set 527 00:27:57,840 --> 00:28:01,600 Speaker 4: fire to and completely destroyed in an incident caught on 528 00:28:01,720 --> 00:28:06,600 Speaker 4: CCTV by three people, but all wearing hoods over their faces. 529 00:28:06,680 --> 00:28:09,600 Speaker 4: Now the police are obviously investigating this, but the head 530 00:28:09,640 --> 00:28:12,679 Speaker 4: of Metropolitan Police says yes, they are looking at this 531 00:28:12,880 --> 00:28:17,080 Speaker 4: claim online of responsibility by an Islamist group. They say 532 00:28:17,080 --> 00:28:20,160 Speaker 4: they've also claimed other attacks across Europe and have potential 533 00:28:20,240 --> 00:28:23,960 Speaker 4: Iranian state links. That He also made this incredible statement 534 00:28:23,960 --> 00:28:26,920 Speaker 4: about Iran. He said, the rapid growth in recent years 535 00:28:26,920 --> 00:28:30,800 Speaker 4: of Iranian state threats is grave, hostile state surveillance activity, 536 00:28:31,240 --> 00:28:36,480 Speaker 4: twenty disrupted plots and recent attempted attacks on the Iranian diaspora. 537 00:28:36,520 --> 00:28:40,400 Speaker 4: He said, everything from assassination to kidnap to espionage. It 538 00:28:40,480 --> 00:28:43,800 Speaker 4: seems we are definitely having problems trying to keep an 539 00:28:43,800 --> 00:28:47,120 Speaker 4: eye on people operating on behalf of foreign nations. 540 00:28:47,200 --> 00:28:50,280 Speaker 2: Turns like Kevin Gray are UK europe correspondent living away 541 00:28:50,280 --> 00:28:54,560 Speaker 2: from six Ryan Bridge week. One hundred and fifty thousand families. 542 00:28:54,600 --> 00:28:57,440 Speaker 2: This is the government's response to the fuel price spike. 543 00:28:57,640 --> 00:29:00,720 Speaker 2: It's working families who get it. Working, US holds people 544 00:29:00,720 --> 00:29:03,640 Speaker 2: with kids on lower incomes, Greens want more Riccardo and 545 00:29:03,680 --> 00:29:06,520 Speaker 2: India's march is with our social development spokesperson. Good morning, 546 00:29:07,640 --> 00:29:10,400 Speaker 2: good morning, so I guess the key question here, and 547 00:29:10,440 --> 00:29:13,040 Speaker 2: this is the point Nichola made yesterday, is who uses 548 00:29:13,080 --> 00:29:15,360 Speaker 2: their car more? Is it a worker or a job 549 00:29:15,440 --> 00:29:16,440 Speaker 2: seeker beneficiary. 550 00:29:19,000 --> 00:29:22,600 Speaker 10: I think everybody is filling the pens, particularly anyone who's 551 00:29:22,640 --> 00:29:27,320 Speaker 10: in a lower middle income. We've seen reports of beneficiaries 552 00:29:27,360 --> 00:29:30,680 Speaker 10: who have kids who are not eligible for working for 553 00:29:30,760 --> 00:29:33,880 Speaker 10: families who are struggling to make ends meat, who are 554 00:29:33,880 --> 00:29:36,960 Speaker 10: struggling to get to job interviews because of the cost 555 00:29:37,120 --> 00:29:39,800 Speaker 10: that it's incurring on them while they're already struggling to 556 00:29:39,800 --> 00:29:42,360 Speaker 10: make ends meat. But you must package. 557 00:29:42,560 --> 00:29:44,600 Speaker 2: Yeah, sorry, but you must concede that if you are 558 00:29:44,760 --> 00:29:48,760 Speaker 2: a beneficiary, you will be driving a lot less. You'll 559 00:29:48,800 --> 00:29:51,000 Speaker 2: have more opportunity to walk than you would if you 560 00:29:51,080 --> 00:29:52,520 Speaker 2: had a job in kids. 561 00:29:52,280 --> 00:29:58,080 Speaker 10: Right, Beneficiaries are often having to drive to job interviews. 562 00:29:58,080 --> 00:30:00,840 Speaker 10: Many of them are actually meant to be driving too 563 00:30:00,840 --> 00:30:03,600 Speaker 10: many job interviews. Some have kits with health conditions who 564 00:30:03,680 --> 00:30:05,800 Speaker 10: are in a benefit and are knowledgeable, who may have 565 00:30:05,880 --> 00:30:09,800 Speaker 10: had to go to breakable medical appointments, who may have 566 00:30:09,960 --> 00:30:13,680 Speaker 10: additional requirements. And we're talking about people who are already 567 00:30:13,800 --> 00:30:17,120 Speaker 10: struggling each week to make ends meet. So it's not 568 00:30:17,200 --> 00:30:20,480 Speaker 10: saying that this package won't help the family that it reaches. 569 00:30:20,560 --> 00:30:24,239 Speaker 10: It's about actually recognizing but if we're looking at a 570 00:30:24,240 --> 00:30:28,000 Speaker 10: potential worst case scenario, those people who have kits who 571 00:30:28,080 --> 00:30:31,440 Speaker 10: are in a benefit won't be supported by the government's package. 572 00:30:31,560 --> 00:30:33,320 Speaker 10: So this is why we Riccardo. 573 00:30:33,480 --> 00:30:36,400 Speaker 2: Next week, they're getting an increase to their benefits, aren't they. 574 00:30:37,560 --> 00:30:40,640 Speaker 10: Those increases happen regardless, This is not something the government 575 00:30:40,680 --> 00:30:43,920 Speaker 10: has chosen to do. It increase the work complee indexation 576 00:30:44,960 --> 00:30:49,520 Speaker 10: not It's three point does not actually help people make 577 00:30:49,600 --> 00:30:51,800 Speaker 10: in smeet. If it did, we would not be seeing 578 00:30:51,800 --> 00:30:54,200 Speaker 10: an increase in children living in material hardships. 579 00:30:54,480 --> 00:30:57,560 Speaker 2: Riccardo, It's an inflation adjustment, right, So it's three point 580 00:30:57,560 --> 00:31:01,120 Speaker 2: one one percent. Next week benefits are getting an increase. 581 00:31:01,440 --> 00:31:02,440 Speaker 2: Are workers getting one? 582 00:31:02,800 --> 00:31:06,080 Speaker 10: No, workers should be getting one, And the government has 583 00:31:06,120 --> 00:31:07,960 Speaker 10: the tools to increase in clickt the minimum wage. The 584 00:31:07,960 --> 00:31:10,480 Speaker 10: government has the tools, for example, lift the wages of 585 00:31:10,520 --> 00:31:13,840 Speaker 10: teachers and nurses. This is something that the government pitches 586 00:31:13,920 --> 00:31:16,680 Speaker 10: if they wanted to, And it's not like wages increase 587 00:31:16,760 --> 00:31:19,680 Speaker 10: simply because of the market. The government has the means 588 00:31:19,720 --> 00:31:23,800 Speaker 10: to increase, for example, the minimum wage. It also has 589 00:31:25,000 --> 00:31:27,600 Speaker 10: the ability to increase wages within the public sector. So 590 00:31:27,640 --> 00:31:28,880 Speaker 10: these are political. 591 00:31:28,480 --> 00:31:29,680 Speaker 2: Decisions, all right, Riccardo. 592 00:31:29,960 --> 00:31:32,880 Speaker 10: Issue is that this is not richest kids who actually 593 00:31:32,880 --> 00:31:34,800 Speaker 10: live in beneficiary households, for example. 594 00:31:34,920 --> 00:31:37,320 Speaker 2: Appreciate your time this morning, Riccardo, meaning there's March. What 595 00:31:37,400 --> 00:31:39,360 Speaker 2: do we think that eight minutes away from six from 596 00:31:39,400 --> 00:31:40,440 Speaker 2: the Greens news talk. 597 00:31:40,360 --> 00:31:43,840 Speaker 1: Semb the first word on the News of the Day 598 00:31:44,120 --> 00:31:48,360 Speaker 1: early edition with Ryan Bridge and one Route Love where 599 00:31:48,360 --> 00:31:49,920 Speaker 1: you live news talks, it'd be. 600 00:31:50,040 --> 00:31:52,160 Speaker 2: Six to six news talks. He'd been quite funny that 601 00:31:52,320 --> 00:31:54,680 Speaker 2: the government's fast track is going to be used for 602 00:31:54,920 --> 00:31:57,520 Speaker 2: Lake Onslow. You know Lake Onslow that was going to 603 00:31:57,560 --> 00:32:00,360 Speaker 2: be funded by the government. There's a private group it now, 604 00:32:00,440 --> 00:32:04,040 Speaker 2: including David Parker. He's involved and it's been given the 605 00:32:04,120 --> 00:32:06,640 Speaker 2: first tip to go through the fast track process. So 606 00:32:07,000 --> 00:32:08,920 Speaker 2: see what happens. I mean, if it's private capital, I 607 00:32:08,960 --> 00:32:09,840 Speaker 2: suppose who cares? 608 00:32:11,320 --> 00:32:11,440 Speaker 11: Right? 609 00:32:11,520 --> 00:32:14,960 Speaker 2: It is five to two. Let's get to my pleasing greetings, 610 00:32:15,000 --> 00:32:17,560 Speaker 2: good morning, Thanks for having the Greens on this morning. Mate. 611 00:32:17,560 --> 00:32:18,640 Speaker 9: I didn't realize. 612 00:32:19,160 --> 00:32:20,600 Speaker 2: I didn't realize morning. 613 00:32:20,760 --> 00:32:23,880 Speaker 9: I didn't realize how simple it was to fix all 614 00:32:23,960 --> 00:32:26,840 Speaker 9: the problems. All you've got to do, apparently, is just 615 00:32:27,000 --> 00:32:29,320 Speaker 9: hand out whatever you want to anybody. 616 00:32:29,080 --> 00:32:32,360 Speaker 2: Increase the minimum wage? Why do we make it so complicated? 617 00:32:32,360 --> 00:32:32,680 Speaker 2: I don't know. 618 00:32:33,000 --> 00:32:36,480 Speaker 9: If it's just all there, whatever you want, whenever you want, 619 00:32:36,680 --> 00:32:37,840 Speaker 9: and someone will pay for it. 620 00:32:37,920 --> 00:32:40,080 Speaker 2: Will someone pay for it? I don't know. He's in 621 00:32:40,160 --> 00:32:42,160 Speaker 2: your hands, isn't it anyway? 622 00:32:42,400 --> 00:32:45,120 Speaker 9: Look, look, my problem, my problem is this with Nicholas 623 00:32:45,160 --> 00:32:48,600 Speaker 9: on this morning. My problem with this is if it's 624 00:32:49,240 --> 00:32:52,400 Speaker 9: linked to petrol in ninety one, you're giving it to people. 625 00:32:52,960 --> 00:32:54,480 Speaker 9: What about the people who get it? Why don't drive? 626 00:32:54,880 --> 00:32:56,640 Speaker 9: What about the people who get it to live downtown? 627 00:32:56,880 --> 00:32:58,360 Speaker 9: What about the people who get it have got an 628 00:32:58,400 --> 00:32:59,440 Speaker 9: EV and don't need it? 629 00:32:59,680 --> 00:33:02,760 Speaker 2: I mean, what what? What's the target there? And also 630 00:33:02,920 --> 00:33:05,880 Speaker 2: it's borrowing. Let's be honest, it's borrowing. I'm not overly 631 00:33:06,240 --> 00:33:10,840 Speaker 2: I money personally. No, it's not your money. Yeah, operating allowance. 632 00:33:10,520 --> 00:33:11,960 Speaker 9: No, it's operating allowances. 633 00:33:12,360 --> 00:33:16,200 Speaker 2: Look technically correct, of course, tending more than they are. 634 00:33:16,480 --> 00:33:17,840 Speaker 2: Technically you are correct. 635 00:33:18,240 --> 00:33:20,800 Speaker 9: But if I was to be charitable here, and obviously 636 00:33:20,840 --> 00:33:23,200 Speaker 9: I'm more charitable than you are because you're a heartless bastard. 637 00:33:23,280 --> 00:33:27,400 Speaker 9: But if you're saying do nothing versus what they're doing, 638 00:33:27,520 --> 00:33:28,920 Speaker 9: it's coming out of the operating allowance. 639 00:33:28,960 --> 00:33:31,120 Speaker 2: You've got to give them credit for that. So they're 640 00:33:31,120 --> 00:33:34,320 Speaker 2: not borrowing more than they're already best. But it's money 641 00:33:34,360 --> 00:33:36,920 Speaker 2: they could have been not spending, of course, of course, 642 00:33:37,000 --> 00:33:39,160 Speaker 2: and this is the government that was elected on the 643 00:33:39,200 --> 00:33:42,000 Speaker 2: platform and is going up. I get it. And they're 644 00:33:42,000 --> 00:33:43,520 Speaker 2: spending four hundred million dollars. 645 00:33:43,560 --> 00:33:46,480 Speaker 9: But the economy runs on diesel, not ninety one, and 646 00:33:46,600 --> 00:33:49,320 Speaker 9: it doesn't run on people downtown Auckland driving three and 647 00:33:49,360 --> 00:33:50,280 Speaker 9: a half caves and there. 648 00:33:50,240 --> 00:33:54,240 Speaker 2: Is we're so money for your you know, rural forest. 649 00:33:54,880 --> 00:33:56,440 Speaker 2: Agree that's where it should go. 650 00:33:56,640 --> 00:33:58,240 Speaker 9: But that's the problem with governments. 651 00:33:58,280 --> 00:34:00,480 Speaker 2: They can't do that. There that you can't target that 652 00:34:00,560 --> 00:34:02,920 Speaker 2: specific they want to be elected. There's a bit of that. 653 00:34:03,040 --> 00:34:05,520 Speaker 9: Anyway, She's with this after run seven o'clock. 654 00:34:05,640 --> 00:34:08,799 Speaker 2: Brignant, have a fantastic morning, everyone, Mike with you next. 655 00:34:08,920 --> 00:34:09,759 Speaker 2: See tomorrow. 656 00:34:17,920 --> 00:34:20,879 Speaker 1: For more from Early Edition with Ryan Bridge. Listen live 657 00:34:21,040 --> 00:34:24,000 Speaker 1: to News Talks it'd be from five am weekdays, or 658 00:34:24,120 --> 00:34:25,959 Speaker 1: follow the podcast on iHeartRadio.