1 00:00:01,960 --> 00:00:06,520 Speaker 1: The issues, the interviews and the insight. Ryan Bridge on 2 00:00:06,680 --> 00:00:10,720 Speaker 1: early edition with one roof Make your Property search Simple, 3 00:00:11,320 --> 00:00:11,840 Speaker 1: News Talks. 4 00:00:11,880 --> 00:00:14,319 Speaker 2: It'd be good morning Thursday. It is six after five. 5 00:00:14,440 --> 00:00:17,040 Speaker 2: Great to have your company. The Grocery Commissioner reckons, we 6 00:00:17,079 --> 00:00:21,000 Speaker 2: need fewer specials at supermarkets and that will make our 7 00:00:21,040 --> 00:00:24,639 Speaker 2: groceries cheaper. What's the logic here, we look at that 8 00:00:24,680 --> 00:00:27,319 Speaker 2: before six o'clock. Mitch McCann is in the US for 9 00:00:27,440 --> 00:00:30,200 Speaker 2: US this morning. The cost of insurance is going to 10 00:00:30,240 --> 00:00:33,640 Speaker 2: go up. David Seymour reckons, we'll tell you why, and 11 00:00:33,720 --> 00:00:36,199 Speaker 2: we'll have the minister on to explain a shakeup for 12 00:00:37,000 --> 00:00:38,920 Speaker 2: fish and game which is happening. Just come out this 13 00:00:38,960 --> 00:00:42,239 Speaker 2: morning as well. Just gone seven after five. 14 00:00:42,560 --> 00:00:43,280 Speaker 1: The agenda. 15 00:00:43,479 --> 00:00:46,640 Speaker 2: You've got defense ministers talking Ukraine. This is the UK 16 00:00:46,880 --> 00:00:50,520 Speaker 2: and Germany meeting in Brussels. We've heard from the UK 17 00:00:50,600 --> 00:00:51,320 Speaker 2: Defense minister. 18 00:00:51,400 --> 00:00:54,760 Speaker 3: First, we delivered to Ukraine ten thousand drones last year. 19 00:00:55,280 --> 00:01:00,600 Speaker 3: We'll increase that tenfold this year. Last year we trained 20 00:01:00,800 --> 00:01:04,160 Speaker 3: Ukrainian forces in the UK. This year we will do 21 00:01:04,280 --> 00:01:09,520 Speaker 3: so again at home and abroad, increasing our funding for 22 00:01:09,600 --> 00:01:10,200 Speaker 3: that training. 23 00:01:11,200 --> 00:01:14,840 Speaker 2: Now Trump has doubled the tariff to fifty percent on 24 00:01:14,880 --> 00:01:18,000 Speaker 2: steel and aluminium. In Mexico's promising countermeasures. 25 00:01:18,280 --> 00:01:20,600 Speaker 4: We're going to bring it from twenty five percent to 26 00:01:20,680 --> 00:01:24,440 Speaker 4: fifty percent for tariffs on steel into the United States 27 00:01:24,520 --> 00:01:32,440 Speaker 4: of America, which will even further secure the steel industry. 28 00:01:33,840 --> 00:01:37,000 Speaker 2: In the street. Mushroom Lady, which is what we're calling 29 00:01:37,000 --> 00:01:40,400 Speaker 2: her now, apparently says she did indeed vomit after eating 30 00:01:40,440 --> 00:01:43,480 Speaker 2: the deadly meal. She told the court she had only 31 00:01:43,480 --> 00:01:46,440 Speaker 2: getn a small part of the lunch, but later binge 32 00:01:46,520 --> 00:01:47,680 Speaker 2: out dessert. 33 00:01:47,920 --> 00:01:51,000 Speaker 5: She did tell the jury that after the guests had gone, 34 00:01:51,440 --> 00:01:53,720 Speaker 5: she tucked into a cake that had been left by 35 00:01:53,760 --> 00:01:56,640 Speaker 5: her mother in law at Gail Patterson. It had hardly 36 00:01:56,680 --> 00:01:59,840 Speaker 5: been touched because people had eaten so much at the lunch, 37 00:01:59,840 --> 00:02:03,120 Speaker 5: and she finished it off binge eating two thirds of it, 38 00:02:03,200 --> 00:02:05,200 Speaker 5: and then she made herself sick. 39 00:02:08,400 --> 00:02:11,399 Speaker 2: Don't forget this morning. The big beautiful Bill. Trump's big 40 00:02:11,440 --> 00:02:15,600 Speaker 2: beautiful Bill. Elon Musk has Musks doubled down and it stance, 41 00:02:15,800 --> 00:02:17,799 Speaker 2: calling it a disgusting abomination. 42 00:02:18,360 --> 00:02:21,160 Speaker 6: Musk was hired to come in to this Trump administration. 43 00:02:21,760 --> 00:02:23,519 Speaker 6: He was put at the head of DOGE and really 44 00:02:23,720 --> 00:02:28,000 Speaker 6: his goal was to try and slash federal spending in 45 00:02:28,040 --> 00:02:30,480 Speaker 6: the government and this bill, and we just saw the 46 00:02:30,560 --> 00:02:33,240 Speaker 6: latest numbers from the Congressional Budget Office says that it 47 00:02:33,240 --> 00:02:36,520 Speaker 6: would add more than two trillion dollars to the federal deficit. 48 00:02:36,639 --> 00:02:38,560 Speaker 6: And so what we're hearing as well behind the scenes 49 00:02:38,560 --> 00:02:40,279 Speaker 6: is that that's also playing. 50 00:02:40,000 --> 00:02:42,240 Speaker 2: A role trying to get it through the scenate. Now 51 00:02:42,320 --> 00:02:43,280 Speaker 2: nine minutes after. 52 00:02:43,120 --> 00:02:46,680 Speaker 1: Five, the first word on the News of the Day 53 00:02:47,000 --> 00:02:50,560 Speaker 1: Early edition with Ryan Bridge and one roof Make Your 54 00:02:50,600 --> 00:02:53,760 Speaker 1: Property Search and Simple Newstorg Cippy. 55 00:02:53,639 --> 00:02:56,480 Speaker 2: Good morning. How was the weather at your place last night? 56 00:02:56,840 --> 00:02:59,040 Speaker 2: They're getting a lot of warnings recently and we've had 57 00:02:59,040 --> 00:03:02,519 Speaker 2: a lot of thunderstorms coming. Look out, batten down the hatches. 58 00:03:03,480 --> 00:03:06,239 Speaker 2: I know that it was raining hard only because I 59 00:03:06,320 --> 00:03:09,320 Speaker 2: have EarPods in my ears when I'm trying to sleep 60 00:03:09,320 --> 00:03:13,960 Speaker 2: listening to a podcast, and the rain drowned out the podcast, 61 00:03:14,240 --> 00:03:16,280 Speaker 2: So I was suddenly aware that it was raining. But 62 00:03:16,639 --> 00:03:18,519 Speaker 2: other than that, I didn't really noticed much. Did you 63 00:03:19,040 --> 00:03:22,600 Speaker 2: Nine nine two the number to text? And this business 64 00:03:23,200 --> 00:03:27,600 Speaker 2: with Michael Forbes. So he's one of the Prime Minister's 65 00:03:27,600 --> 00:03:32,800 Speaker 2: pre secretaries, and he did come to the attention of 66 00:03:32,960 --> 00:03:36,960 Speaker 2: police because he recorded it was audio recordings of sex 67 00:03:37,040 --> 00:03:40,040 Speaker 2: workers that he was seeing and one of them found 68 00:03:40,080 --> 00:03:44,040 Speaker 2: out and reported it to the police. Anyway, no criminal 69 00:03:44,560 --> 00:03:48,800 Speaker 2: charges were laid. The Prime Minister's office reckons they got 70 00:03:48,880 --> 00:03:52,000 Speaker 2: told four pm on Tuesday afternoon. He used to work 71 00:03:52,040 --> 00:03:55,560 Speaker 2: for Lois Upton, actually who's the minister for was the 72 00:03:55,560 --> 00:03:59,960 Speaker 2: Minister for Womens's Social Development, So she finds out apparently 73 00:04:00,240 --> 00:04:02,760 Speaker 2: on Tuesday as well. No one has any idea of 74 00:04:02,800 --> 00:04:05,240 Speaker 2: that any of this has been going on in the background, 75 00:04:06,080 --> 00:04:08,080 Speaker 2: and they're all sort of saying no, nothing, well not 76 00:04:08,080 --> 00:04:11,680 Speaker 2: nothing to see here. He's obviously been stood down and 77 00:04:11,720 --> 00:04:15,040 Speaker 2: then he resigned on Wednesday morning. So you can just 78 00:04:15,080 --> 00:04:17,560 Speaker 2: imagine the timelines or you know, the press gallery will 79 00:04:17,560 --> 00:04:19,960 Speaker 2: be doing the timelines on all of this stuff. But 80 00:04:20,560 --> 00:04:24,479 Speaker 2: you cannot know, can you really everything about people that 81 00:04:24,520 --> 00:04:26,320 Speaker 2: you work with. I mean, there could be some really 82 00:04:26,360 --> 00:04:29,400 Speaker 2: weird people working here and you wouldn't know. Not looking 83 00:04:29,400 --> 00:04:33,200 Speaker 2: at you, Kenzy, not looking at you, but you know 84 00:04:32,960 --> 00:04:36,520 Speaker 2: you're He used to be a journalist too, Michael Forbes, 85 00:04:36,560 --> 00:04:38,960 Speaker 2: so presumably he's worked in a few newsrooms around the 86 00:04:38,960 --> 00:04:42,599 Speaker 2: country as well. You're not necessarily to know something like 87 00:04:42,640 --> 00:04:45,440 Speaker 2: that is going on, But I guess if the Prime 88 00:04:45,480 --> 00:04:49,400 Speaker 2: Minister and or the Minister Louise Upston were made aware 89 00:04:49,480 --> 00:04:52,160 Speaker 2: of something through official channels or something, then you would 90 00:04:52,160 --> 00:04:54,800 Speaker 2: expect that they would have done something about that. Anyway, 91 00:04:54,880 --> 00:04:56,719 Speaker 2: I'm sure you'll hear a lot more about that today. 92 00:04:56,760 --> 00:04:59,480 Speaker 2: It's just gone eleven minutes after five. Coming up next 93 00:04:59,560 --> 00:05:02,719 Speaker 2: the Minute of Hunting and Fishing. James Meghe he's making 94 00:05:02,760 --> 00:05:05,359 Speaker 2: some changes to fish and game. He'll explain them to 95 00:05:05,440 --> 00:05:06,279 Speaker 2: us next. 96 00:05:06,880 --> 00:05:11,200 Speaker 1: On your radio and online on iHeartRadio Early Edition with 97 00:05:11,440 --> 00:05:14,640 Speaker 1: Ryan Bridge and One Roof. To make your property search 98 00:05:14,960 --> 00:05:16,520 Speaker 1: simple if you talk. 99 00:05:16,400 --> 00:05:18,440 Speaker 2: Said, be morning, it's five point thirteen. We'll get to 100 00:05:18,480 --> 00:05:20,640 Speaker 2: your insurance premiums and why they could go up a 101 00:05:20,640 --> 00:05:23,720 Speaker 2: couple one hundred bucks a year in just a few moments. Overnight, 102 00:05:23,800 --> 00:05:26,760 Speaker 2: we've had some May data in the US. Hiring in 103 00:05:26,839 --> 00:05:29,359 Speaker 2: the US is weaker than they expected. They added thirty 104 00:05:29,400 --> 00:05:32,560 Speaker 2: seven thousand jobs, which sounds good, but it's the less 105 00:05:32,560 --> 00:05:35,440 Speaker 2: it's in fact, it's actually the slowest pace of job 106 00:05:35,520 --> 00:05:39,560 Speaker 2: creation in the US in two years. They also had 107 00:05:39,839 --> 00:05:42,719 Speaker 2: services activity contracting there. So Trump's coming out and saying 108 00:05:42,960 --> 00:05:45,600 Speaker 2: this isn't good enough. You know, he doesn't like power 109 00:05:45,680 --> 00:05:49,320 Speaker 2: at the Drome, Power at the Fed. He's saying he 110 00:05:49,360 --> 00:05:51,960 Speaker 2: needs to cut cat cut, cut, cut cut, make the 111 00:05:52,040 --> 00:05:55,960 Speaker 2: economy go faster, faster, faster, because things are starting to 112 00:05:55,960 --> 00:05:57,760 Speaker 2: turn for them. Things are starting to look a little 113 00:05:57,760 --> 00:05:59,960 Speaker 2: bit down. This is at least for May. It is 114 00:06:00,200 --> 00:06:03,560 Speaker 2: fourteen after five Ryan. The governments announced this morning an 115 00:06:03,560 --> 00:06:06,640 Speaker 2: overhaul of fishing game in z to improve management of 116 00:06:06,680 --> 00:06:11,000 Speaker 2: fishing and hunting resources. Changes include things like making license 117 00:06:11,040 --> 00:06:13,800 Speaker 2: holder is eligible to stand in fishing game elections more 118 00:06:13,839 --> 00:06:17,720 Speaker 2: of them, shifting to a national fee collection system, and 119 00:06:17,839 --> 00:06:22,120 Speaker 2: requiring a national policy around restricting court proceedings. Minister for 120 00:06:22,200 --> 00:06:24,679 Speaker 2: Hunting and Fishing is James Mega with me this morning. James, 121 00:06:24,680 --> 00:06:27,400 Speaker 2: Good morning, morning, Ran. Good to have you on the show. 122 00:06:28,080 --> 00:06:31,800 Speaker 2: This all sounds quite complicated, is it. Why do you 123 00:06:31,839 --> 00:06:33,840 Speaker 2: need to do anything to fit to fishing game. 124 00:06:34,640 --> 00:06:36,880 Speaker 7: Yeah, a lot of the reformers some technical reform, but 125 00:06:36,920 --> 00:06:39,279 Speaker 7: for a while we've seen that fishing game has had 126 00:06:39,320 --> 00:06:43,000 Speaker 7: some issues around how efficiently it operates. There's been a 127 00:06:43,040 --> 00:06:46,679 Speaker 7: bit of dysfunction between the regions and the National Council. 128 00:06:46,800 --> 00:06:50,599 Speaker 7: So pre election we campaign on modernizing and reforming fishing games. 129 00:06:50,640 --> 00:06:52,479 Speaker 7: So we're going to pull it out of the Conservation 130 00:06:52,520 --> 00:06:55,480 Speaker 7: Act make its own standalone act and then tidy up 131 00:06:55,520 --> 00:07:00,120 Speaker 7: some of the issues around consistency across the country and 132 00:07:00,320 --> 00:07:03,719 Speaker 7: is operations of the regions and make sure that license 133 00:07:03,760 --> 00:07:05,040 Speaker 7: holders get better value for money. 134 00:07:05,279 --> 00:07:07,440 Speaker 2: Has this got anything to do you know the fed 135 00:07:07,520 --> 00:07:10,200 Speaker 2: farmers in south and have the stats for fishing game 136 00:07:10,640 --> 00:07:13,480 Speaker 2: and fishing game are going and advocating for cleaner waters 137 00:07:13,480 --> 00:07:16,040 Speaker 2: and it's affecting the farmers there. Has got anything to 138 00:07:16,040 --> 00:07:18,000 Speaker 2: do with that? Will it change anything to do with that? 139 00:07:19,160 --> 00:07:22,880 Speaker 7: Yeah, So that's an example of some of the consequences 140 00:07:22,920 --> 00:07:25,000 Speaker 7: of how the organization has been running over the past 141 00:07:25,040 --> 00:07:27,680 Speaker 7: few years. So one of the changes will be to 142 00:07:27,720 --> 00:07:30,440 Speaker 7: tidy out that so that the National Council actually sets 143 00:07:30,480 --> 00:07:34,040 Speaker 7: a standard advocacy policy across the country and any court 144 00:07:34,080 --> 00:07:36,840 Speaker 7: proceedings would have to go through the National Council. And 145 00:07:36,880 --> 00:07:39,280 Speaker 7: that will limit some of the advocacy functions of some 146 00:07:39,360 --> 00:07:41,480 Speaker 7: of the regions, but it also makes them consistent across 147 00:07:41,520 --> 00:07:43,680 Speaker 7: the country so that they actually focus on hunting and 148 00:07:43,720 --> 00:07:47,120 Speaker 7: fishing outcomes rather than getting involved in other areas that 149 00:07:47,480 --> 00:07:50,200 Speaker 7: actually perhaps other NGOs are a better place to be 150 00:07:50,240 --> 00:07:50,680 Speaker 7: involved in. 151 00:07:50,880 --> 00:07:54,480 Speaker 2: So if you're a farmer in Southend right now, you're 152 00:07:54,520 --> 00:07:58,920 Speaker 2: hearing this as ministers gagging fishing game Southend. 153 00:08:00,600 --> 00:08:03,400 Speaker 7: No, it's not getting fishing game south because fishing game 154 00:08:03,400 --> 00:08:05,840 Speaker 7: will still have their advocacy functions in terms of being 155 00:08:05,880 --> 00:08:08,320 Speaker 7: able to go up there and promote, say fishing to 156 00:08:08,400 --> 00:08:11,119 Speaker 7: young people, or go out there and tell people where 157 00:08:11,720 --> 00:08:14,320 Speaker 7: they can and can't be fishing or hunting game birds. 158 00:08:15,280 --> 00:08:16,720 Speaker 2: The better way of looking at it is. 159 00:08:16,680 --> 00:08:18,600 Speaker 7: That we want fishing game to be seen as a 160 00:08:18,640 --> 00:08:22,160 Speaker 7: reputable national organization, so they need to have a consistent 161 00:08:22,200 --> 00:08:24,520 Speaker 7: approach to their activities, and we want them to be 162 00:08:24,560 --> 00:08:27,320 Speaker 7: focusing on managing the game bird populations and the sport 163 00:08:27,360 --> 00:08:30,640 Speaker 7: fish populations rather than getting involved in how much of 164 00:08:30,800 --> 00:08:32,280 Speaker 7: lows and call cases. 165 00:08:31,920 --> 00:08:34,800 Speaker 2: How much cow urinees in a river. So they won't 166 00:08:34,800 --> 00:08:36,920 Speaker 2: be because the problem was this went back and forth in 167 00:08:37,000 --> 00:08:40,160 Speaker 2: the environment caught in South End, fishing Game was heavily 168 00:08:40,200 --> 00:08:43,360 Speaker 2: involved in advocating for the health of the waterways, etc. 169 00:08:44,200 --> 00:08:47,720 Speaker 2: You're saying that that wouldn't that wouldn't be their role anymore. 170 00:08:49,000 --> 00:08:51,079 Speaker 7: Well, they can still advocate for the health of waterways 171 00:08:51,080 --> 00:08:53,840 Speaker 7: where it improves fisheries, But what I'm going to say 172 00:08:53,920 --> 00:08:56,560 Speaker 7: is that there should be a consistent approach across the 173 00:08:56,600 --> 00:08:59,839 Speaker 7: country where all regions are taking a similar pathway to 174 00:08:59,840 --> 00:09:01,760 Speaker 7: them and we want it to be set at a 175 00:09:01,840 --> 00:09:05,160 Speaker 7: level where the National Council are actually directing this and 176 00:09:05,240 --> 00:09:06,839 Speaker 7: so they'll be the ones that will be able to 177 00:09:06,880 --> 00:09:09,120 Speaker 7: say where the legal proceedings go ahead or not, and 178 00:09:09,160 --> 00:09:11,079 Speaker 7: the Minister as well. We just want to make sure 179 00:09:11,120 --> 00:09:13,760 Speaker 7: that we're license holders are being forced to pay a 180 00:09:13,800 --> 00:09:16,920 Speaker 7: fee to fishing game that that seeds not then being 181 00:09:17,040 --> 00:09:21,439 Speaker 7: used to restrict the license holders income war businesses for example. 182 00:09:21,480 --> 00:09:23,240 Speaker 7: We don't think that's necessarily fair. We want to make 183 00:09:23,280 --> 00:09:26,320 Speaker 7: sure that all that kind of really strong advocacy is 184 00:09:26,360 --> 00:09:29,160 Speaker 7: well thought out and is actually contributing to enhanced fisheries 185 00:09:29,160 --> 00:09:30,000 Speaker 7: and game bud management. 186 00:09:30,000 --> 00:09:32,040 Speaker 2: All right, Minister, appreciate you time this morning. Having a 187 00:09:32,040 --> 00:09:34,600 Speaker 2: great day. James Mega, Minister of Hunting and Fishing are 188 00:09:34,600 --> 00:09:36,960 Speaker 2: also Minister of the South Island. It is eighteen after 189 00:09:37,000 --> 00:09:39,040 Speaker 2: five year on News Talks. There be still to come 190 00:09:39,360 --> 00:09:42,240 Speaker 2: Your insurance premiums and why they might be going up. 191 00:09:42,840 --> 00:09:45,760 Speaker 1: News and views you trust to start your day is 192 00:09:45,880 --> 00:09:49,640 Speaker 1: early edition with Ryan Bridge and One Room Make your 193 00:09:49,679 --> 00:09:52,080 Speaker 1: Property Search Simple News Talks. 194 00:09:52,080 --> 00:09:55,440 Speaker 2: The be five twenty News Talks theb the Grocery Commissioner, 195 00:09:55,600 --> 00:09:59,360 Speaker 2: the supermarket Zar has come out swinging this morning against 196 00:09:59,400 --> 00:10:02,640 Speaker 2: the supermarket duopoly. I'll bring you the details on that 197 00:10:02,679 --> 00:10:05,199 Speaker 2: in just a second. Right now, homeowners are in for 198 00:10:05,240 --> 00:10:09,040 Speaker 2: another punch to their wallet. David Seymour says insurance levies 199 00:10:09,080 --> 00:10:12,000 Speaker 2: will have to increase to help fund the Natural Hazard's Commission. 200 00:10:12,040 --> 00:10:14,800 Speaker 2: This used to be the EQC Cabinet will soon begin 201 00:10:14,880 --> 00:10:17,960 Speaker 2: consultation on the changes could increase levies by two hundred 202 00:10:17,960 --> 00:10:20,200 Speaker 2: to three hundred bucks a year. Dean Leicster is an 203 00:10:20,200 --> 00:10:23,840 Speaker 2: insurance consultant with me this morning. Dean, good morning, Laurena, 204 00:10:23,880 --> 00:10:26,400 Speaker 2: good morning, Ryan, good morning, good morning. So two to 205 00:10:26,400 --> 00:10:28,839 Speaker 2: three hundred bucks a year. You reckon why? And this 206 00:10:28,880 --> 00:10:32,840 Speaker 2: is all because what's there are more natural disasters and 207 00:10:32,880 --> 00:10:34,320 Speaker 2: we don't have enough money in the kitty. 208 00:10:35,920 --> 00:10:38,280 Speaker 8: The second part, So there's not enough money in the kitty. 209 00:10:38,360 --> 00:10:42,880 Speaker 8: So the Natural Hazard Commission and the insurance cover that 210 00:10:42,880 --> 00:10:50,360 Speaker 8: the government provides for earthquakes, land damage, for flood's, volcanic eruption, tsunami, 211 00:10:51,080 --> 00:10:53,520 Speaker 8: that the government decides that they want to pay the 212 00:10:53,559 --> 00:10:57,559 Speaker 8: first two billion dollars worth of claims. At the moment, 213 00:10:57,559 --> 00:11:00,280 Speaker 8: they've got about five hundred billion in the kitty and 214 00:11:00,840 --> 00:11:03,040 Speaker 8: they need to increase that amount of funds. It doesn't 215 00:11:03,080 --> 00:11:07,360 Speaker 8: relate to the larger proportion of the program, which is 216 00:11:07,400 --> 00:11:11,800 Speaker 8: the world reinsurance market, where they obtain about nine billion 217 00:11:12,040 --> 00:11:15,640 Speaker 8: on the world insurance world reinsurance market. World re insurance 218 00:11:15,679 --> 00:11:19,560 Speaker 8: market's pretty positive. Those rates seems to be really confusing 219 00:11:19,600 --> 00:11:22,800 Speaker 8: reporting and these other times, but world reinsurance rates are 220 00:11:22,800 --> 00:11:27,640 Speaker 8: generally consistent. They had a good program last year of 221 00:11:27,760 --> 00:11:31,880 Speaker 8: getting good cover for nine billion dollars at good premiums. 222 00:11:32,200 --> 00:11:34,959 Speaker 8: This relates to the first amount where the government says 223 00:11:34,960 --> 00:11:37,640 Speaker 8: that they'll carry two billion dollars with a risk and 224 00:11:37,720 --> 00:11:39,720 Speaker 8: currently there is five hundred million in their kiddy. 225 00:11:40,840 --> 00:11:44,120 Speaker 2: So how will does this just mean basically we have 226 00:11:44,200 --> 00:11:45,840 Speaker 2: to swallow it. We will all have to pay more 227 00:11:46,040 --> 00:11:48,240 Speaker 2: for our levies. And that's just the way it. 228 00:11:48,200 --> 00:11:53,360 Speaker 8: Is an essence. Yes, the surprise that has existed since 229 00:11:53,360 --> 00:11:57,199 Speaker 8: the recent changes to the natural hazard cover where it's 230 00:11:57,400 --> 00:12:00,600 Speaker 8: increased cover to three hundred thousand, is that there has 231 00:12:00,640 --> 00:12:05,080 Speaker 8: been no positive reaction from private insurers to reduce their 232 00:12:05,120 --> 00:12:09,680 Speaker 8: premiums because they now don't have as much risk. So 233 00:12:09,840 --> 00:12:12,800 Speaker 8: at the time of the christ Church earthquake, for example, 234 00:12:13,559 --> 00:12:15,920 Speaker 8: EQUC as it was played the first one hundred and 235 00:12:15,960 --> 00:12:20,360 Speaker 8: fifteen thousand, that under the current legislation they now play 236 00:12:20,400 --> 00:12:23,160 Speaker 8: the first three hundred thousand. And it's always been a 237 00:12:23,200 --> 00:12:27,400 Speaker 8: surprise that private insurers are not recognizing that their exposure 238 00:12:27,440 --> 00:12:30,360 Speaker 8: and far less and that their premiums are reducing. 239 00:12:30,840 --> 00:12:34,040 Speaker 2: Right, I've got you, Dean, Thank you very much for 240 00:12:34,080 --> 00:12:37,440 Speaker 2: that update. Really interesting stuff. Dean Leicster, insurance consultant with us, 241 00:12:37,480 --> 00:12:40,280 Speaker 2: talking about the fact that the NHC, which is the 242 00:12:40,360 --> 00:12:43,600 Speaker 2: Natural Hazards Commission, used to be EQC. The levy's probably 243 00:12:43,640 --> 00:12:45,560 Speaker 2: going to go up, David Simols, the minister in charge, 244 00:12:45,600 --> 00:12:49,000 Speaker 2: he says, So it's twenty three after five, Bryan Bridge. 245 00:12:49,120 --> 00:12:52,080 Speaker 2: Now we've had a phone call between Putin and Trump. 246 00:12:52,360 --> 00:12:54,960 Speaker 2: Trump has said, Honor's true social it was quote a 247 00:12:55,000 --> 00:12:58,480 Speaker 2: good conversation that it was after, by the way, the 248 00:12:58,600 --> 00:13:03,840 Speaker 2: drone attack that the Ukrainians took deep inside Russia. So 249 00:13:04,040 --> 00:13:07,280 Speaker 2: Trump says the phone call was good, but he did 250 00:13:07,320 --> 00:13:10,400 Speaker 2: say Putin told him we will have to respond, so 251 00:13:10,440 --> 00:13:12,960 Speaker 2: you can expect some sort of retaliation and that was 252 00:13:13,000 --> 00:13:16,160 Speaker 2: a major embarrassment for Putin because it went way inside 253 00:13:16,840 --> 00:13:20,160 Speaker 2: eight thousand kilometers away from Ukraine, they managed to hit 254 00:13:20,200 --> 00:13:23,080 Speaker 2: with drones. Then they got the bridge and crime here. 255 00:13:23,240 --> 00:13:27,160 Speaker 2: So yeah, Putin has told Trump we will respond. Trump 256 00:13:27,240 --> 00:13:31,520 Speaker 2: also says the phone call unsurprisingly lasted an hour and 257 00:13:31,679 --> 00:13:35,240 Speaker 2: will not lead to immediate peace. Twenty four after five 258 00:13:35,320 --> 00:13:36,400 Speaker 2: more on the supermarkets. 259 00:13:36,400 --> 00:13:37,839 Speaker 9: Next the early. 260 00:13:37,720 --> 00:13:42,120 Speaker 1: Edition full show podcast on iHeartRadio power by News Talks IV. 261 00:13:44,080 --> 00:13:47,280 Speaker 2: Five twenty six News TALKSB. The Commerce Commission reckons we 262 00:13:47,320 --> 00:13:52,240 Speaker 2: need fewer items on sale at the supermarket. Yes, that 263 00:13:52,360 --> 00:13:55,800 Speaker 2: means less yogat on special for four ninety nine or 264 00:13:55,960 --> 00:13:59,960 Speaker 2: year one dollar ninety nine chocolate bar at the checkout. Basically, 265 00:14:00,040 --> 00:14:05,280 Speaker 2: they want less price yo yoeing. In general, this is counterintuitive. 266 00:14:05,520 --> 00:14:08,319 Speaker 2: The job of the Commerce Commission, through the Grocery Commissioner, 267 00:14:08,400 --> 00:14:12,320 Speaker 2: is meant to score us cheaper prices and boost competition. Right, 268 00:14:12,679 --> 00:14:16,120 Speaker 2: So what the lord's good name is going on here? 269 00:14:16,960 --> 00:14:19,320 Speaker 2: This morning they've announced they want to change the rules 270 00:14:19,680 --> 00:14:24,120 Speaker 2: around what the supermarkets can charge the suppliers, So your 271 00:14:24,120 --> 00:14:27,120 Speaker 2: food stuff's in your wool. Worst. They purchase about fifteen 272 00:14:27,200 --> 00:14:30,320 Speaker 2: billion dollars worth of goods from suppliers every year, and 273 00:14:30,360 --> 00:14:34,480 Speaker 2: when they do this, the suppliers will discount prices buy 274 00:14:34,520 --> 00:14:38,800 Speaker 2: about five billion dollars a year through rebates, discounts, and 275 00:14:38,880 --> 00:14:42,920 Speaker 2: promotional payments. This ensures that their stock is on sale 276 00:14:43,600 --> 00:14:45,640 Speaker 2: so that we buy it because everyone loves a bargain. 277 00:14:46,080 --> 00:14:51,000 Speaker 2: The supermarket zar says, if you're a new, smaller supermarket 278 00:14:51,080 --> 00:14:53,560 Speaker 2: chain opening up, you can't compete with that because you 279 00:14:53,600 --> 00:14:56,000 Speaker 2: don't have the buying power and the economies of scale, 280 00:14:56,040 --> 00:14:58,160 Speaker 2: so your prices would be high. You wouldn't be able 281 00:14:58,200 --> 00:15:00,560 Speaker 2: to compete. Now, this is where I think the czar 282 00:15:01,200 --> 00:15:04,240 Speaker 2: takes one of many leaps of faith. They reckon that 283 00:15:04,280 --> 00:15:09,000 Speaker 2: we consumers are overall worse off because of these specials 284 00:15:09,040 --> 00:15:13,680 Speaker 2: and discounts. They say, consumers lose out because prices jump 285 00:15:13,720 --> 00:15:16,920 Speaker 2: around more. This can mean the average price is more 286 00:15:16,960 --> 00:15:19,880 Speaker 2: expensive and it's harder for consumers to assess the value 287 00:15:19,880 --> 00:15:23,400 Speaker 2: of products. Well, can't we read the label. They don't 288 00:15:23,400 --> 00:15:27,160 Speaker 2: offer any evidence this is actually happening, nor do they 289 00:15:27,200 --> 00:15:29,960 Speaker 2: offer any evidence that a change would make things cheaper. 290 00:15:30,480 --> 00:15:33,080 Speaker 2: Leap of faith number two is that this saving will 291 00:15:33,120 --> 00:15:36,800 Speaker 2: be passed on to the consumer via the supermarket. Is 292 00:15:36,800 --> 00:15:40,440 Speaker 2: there not a flaw in this logic? Does essentially banning 293 00:15:40,640 --> 00:15:45,840 Speaker 2: discounts rarely make prices cheaper. If so, by how much? 294 00:15:46,480 --> 00:15:50,480 Speaker 2: Five billion dollars? Remember the industry's revenue is twenty five 295 00:15:50,560 --> 00:15:53,120 Speaker 2: billion dollars a year. If all of the discounts were 296 00:15:53,120 --> 00:15:56,000 Speaker 2: handed down their chain of command to US shoppers, we're 297 00:15:56,040 --> 00:16:01,800 Speaker 2: expected to believe general prices would fall by what. Remember 298 00:16:01,840 --> 00:16:04,840 Speaker 2: when they set up the Grocery Commission under Labor, we 299 00:16:04,840 --> 00:16:07,680 Speaker 2: were told the supermarkets were making excess profits of three 300 00:16:07,760 --> 00:16:10,200 Speaker 2: hundred and sixty five million dollars a year. So we're 301 00:16:10,560 --> 00:16:13,840 Speaker 2: well well and above that now, aren't we. There's a 302 00:16:13,840 --> 00:16:16,440 Speaker 2: bunch of other changes they've announced as well. Some of 303 00:16:16,480 --> 00:16:20,360 Speaker 2: the stuff is just proposed, its suggestions, it's voluntary. Some 304 00:16:20,440 --> 00:16:24,240 Speaker 2: stuff needs consultation and then reviews and twelve months and 305 00:16:24,280 --> 00:16:27,920 Speaker 2: blah blah blah more reports. By the time this is finished, 306 00:16:28,760 --> 00:16:31,560 Speaker 2: I will not only have lost the will to shop, 307 00:16:31,720 --> 00:16:36,040 Speaker 2: but potentially lost the will to live. Ran Bridge, twenty 308 00:16:36,120 --> 00:16:38,440 Speaker 2: nine minutes after five, you're on news talks. They've beat Ryan. 309 00:16:38,520 --> 00:16:41,080 Speaker 2: Let's just nuke the Russians. Well, we can't. We don't 310 00:16:41,080 --> 00:16:44,840 Speaker 2: have nukes, do we. Besides, you don't want to fire 311 00:16:44,880 --> 00:16:47,760 Speaker 2: a missile at Russia because they'll fire one back and 312 00:16:47,880 --> 00:16:52,000 Speaker 2: we're all dead. Aren't we mutually assured destruction. That's what's 313 00:16:52,160 --> 00:16:55,240 Speaker 2: kept the world safe for so long. Twenty nine minutes 314 00:16:55,280 --> 00:16:57,720 Speaker 2: after five, we'll talk more about the groceries and get 315 00:16:57,760 --> 00:17:02,800 Speaker 2: to Mitch mccannon, our reporters. Afternoon News Talk set by. 316 00:17:06,240 --> 00:17:19,720 Speaker 10: Your your faverite crust. 317 00:17:23,480 --> 00:17:29,480 Speaker 1: Baby Look, Ryan Bridge on early edition where one roof 318 00:17:29,800 --> 00:17:40,800 Speaker 1: make your property search simple. News Talk ZIBB. 319 00:17:41,400 --> 00:17:43,760 Speaker 9: Good morning, it is twenty four away from sex here 320 00:17:43,800 --> 00:17:46,399 Speaker 9: on newstalk sip B. Great to have your company this morning, 321 00:17:46,480 --> 00:17:49,320 Speaker 9: and been trying to make sense of the Commerce Commission's 322 00:17:49,400 --> 00:17:53,200 Speaker 9: latest selvo at the supermarkets. It's like trying to make 323 00:17:53,280 --> 00:17:56,160 Speaker 9: sense of the phone book, you know, because there's no 324 00:17:56,240 --> 00:17:59,600 Speaker 9: rhyme or reason in my mind. Ryan, This is from 325 00:17:59,640 --> 00:18:03,440 Speaker 9: one of our listeners, Hands off the supermarket specials. Customers 326 00:18:03,440 --> 00:18:06,560 Speaker 9: aren't stupid. We know the price, which is why we 327 00:18:06,640 --> 00:18:09,560 Speaker 9: snap up a special. So the Commerce Commission has come 328 00:18:09,560 --> 00:18:13,760 Speaker 9: out this morning and said basically they think that the specials, 329 00:18:14,280 --> 00:18:18,000 Speaker 9: the discounts that the suppliers give to the supermarkets so 330 00:18:18,080 --> 00:18:20,960 Speaker 9: that they sell their stuff, put it on special, get 331 00:18:21,000 --> 00:18:24,399 Speaker 9: it off the shelves, that they are actually a price 332 00:18:24,520 --> 00:18:28,399 Speaker 9: distortion and that they lead to yo yoing it doesn't you. 333 00:18:28,440 --> 00:18:30,040 Speaker 9: I can't even explain it to you because it doesn't 334 00:18:30,080 --> 00:18:33,520 Speaker 9: make sense. They put something on, they give you a special, 335 00:18:33,560 --> 00:18:36,720 Speaker 9: they give you a discount, and somehow that's a bad thing. 336 00:18:37,000 --> 00:18:38,960 Speaker 2: I don't know. Explain that to me. We'll talk about 337 00:18:38,960 --> 00:18:40,960 Speaker 2: it with an expert just before six, so we'll get 338 00:18:40,960 --> 00:18:43,840 Speaker 2: some more information. I said earlier, I said I've lost 339 00:18:43,840 --> 00:18:45,280 Speaker 2: the will to shop and the will to live. And 340 00:18:45,320 --> 00:18:47,240 Speaker 2: someone said run. If you have lost the will to 341 00:18:47,320 --> 00:18:49,600 Speaker 2: live and shop, then you can just go next door 342 00:18:49,600 --> 00:18:52,320 Speaker 2: to the crematorium. How convenient. I don't know if you 343 00:18:52,400 --> 00:18:55,320 Speaker 2: heard the boys talking about that story yesterday afternoon. It 344 00:18:55,480 --> 00:18:57,760 Speaker 2: is twenty three minutes away from six. 345 00:18:58,000 --> 00:18:59,520 Speaker 1: Brian Bread goes to. 346 00:18:59,520 --> 00:19:02,760 Speaker 2: Our reporter around the country, Emily Ansel, has our Dunedin 347 00:19:02,840 --> 00:19:05,680 Speaker 2: update this morning. Emily, good morning, good morning. Now tell 348 00:19:05,760 --> 00:19:07,960 Speaker 2: us about what's happening at the bus hub. There was 349 00:19:08,000 --> 00:19:10,719 Speaker 2: a facial stabbing there of a teenager. I remember this 350 00:19:10,760 --> 00:19:13,240 Speaker 2: a year ago. If things improved, yeah. 351 00:19:13,160 --> 00:19:15,080 Speaker 11: It doesn't sound like it. There's a lot of fair 352 00:19:15,119 --> 00:19:19,600 Speaker 11: and uncertainty persisting. So any of Ettana McClaren died of 353 00:19:19,600 --> 00:19:22,880 Speaker 11: a single stab wound on Great King Street last May 354 00:19:23,240 --> 00:19:26,800 Speaker 11: a fourteen year old boy was found guilty of manslaughter 355 00:19:26,920 --> 00:19:30,480 Speaker 11: in March. New documents released under the Official Information Act 356 00:19:30,560 --> 00:19:34,120 Speaker 11: show ongoing tensions at the hub. A security report from 357 00:19:34,160 --> 00:19:37,560 Speaker 11: December notes an incident where a young male allegedly tried 358 00:19:37,600 --> 00:19:40,280 Speaker 11: to harm a teen girl and took her phone, while 359 00:19:40,320 --> 00:19:43,919 Speaker 11: in February a woman discharged a bb gun. Other entries 360 00:19:44,000 --> 00:19:48,639 Speaker 11: detailed miners drinking in public, youth damaging infrastructure, and verbal 361 00:19:48,680 --> 00:19:53,160 Speaker 11: altercations between passengers and drivers. Public complaints from last year 362 00:19:53,200 --> 00:19:57,400 Speaker 11: include criticisms of security guards failing to patrol or engage 363 00:19:57,640 --> 00:20:00,120 Speaker 11: with school age passengers. 364 00:19:59,520 --> 00:20:02,320 Speaker 2: And how the weather today emily cloudy. 365 00:20:02,040 --> 00:20:04,760 Speaker 11: With showers clearing and becoming fine in the morning. Strong 366 00:20:04,840 --> 00:20:07,640 Speaker 11: southwesterly is dying out in the afternoon with a high 367 00:20:07,680 --> 00:20:08,560 Speaker 11: of ten degrees. 368 00:20:08,640 --> 00:20:11,360 Speaker 2: Brilliant, Thank you very much. Now for a christ Church 369 00:20:11,440 --> 00:20:13,960 Speaker 2: update this morning, Michael Sergle joins me. We're going to 370 00:20:13,960 --> 00:20:16,520 Speaker 2: get a weather from him too, because obviously we've had 371 00:20:16,560 --> 00:20:20,359 Speaker 2: bad weather overnight most places. Michael, good morning, Good morning. 372 00:20:20,760 --> 00:20:24,120 Speaker 2: Unclear when the future or what the future is for 373 00:20:24,200 --> 00:20:27,000 Speaker 2: the temporary stadium in christ Church, Yes, I mean Apollo 374 00:20:27,000 --> 00:20:29,760 Speaker 2: Projects stadium in Eddington has been hosting christ churches sporting 375 00:20:29,760 --> 00:20:33,320 Speaker 2: events since the quakes thirteen years ago. Obviously, many people 376 00:20:33,359 --> 00:20:37,960 Speaker 2: remember the Lancaster Park severely damaged by those quakes, but 377 00:20:38,080 --> 00:20:41,800 Speaker 2: the stadium has significantly outlasted its expected lifespan of three 378 00:20:41,840 --> 00:20:45,040 Speaker 2: to five years. The grandstand and other structures will be 379 00:20:45,080 --> 00:20:48,760 Speaker 2: removed once the one in said stadium is open in April. 380 00:20:49,040 --> 00:20:51,440 Speaker 2: Croagate City Council says it's still working on a plan 381 00:20:51,480 --> 00:20:53,800 Speaker 2: for what actually happens to the site, though. It says 382 00:20:53,800 --> 00:20:57,160 Speaker 2: it plans to have something before the council sometime before 383 00:20:57,160 --> 00:20:59,720 Speaker 2: the end of the year. But obviously there will be 384 00:20:59,760 --> 00:21:01,640 Speaker 2: low collections so the count will be out of action 385 00:21:01,720 --> 00:21:04,800 Speaker 2: for a few months. All right, how's the weather? Rain 386 00:21:04,880 --> 00:21:08,119 Speaker 2: clearing to mainly find this afternoon a high tendergrees. Nice one, 387 00:21:08,200 --> 00:21:11,960 Speaker 2: Thank you, Michael Mexis and Wellington Max. Good morning, good morning. Now. 388 00:21:12,000 --> 00:21:14,760 Speaker 2: I got lots of text yesterday saying we've been too 389 00:21:14,800 --> 00:21:18,640 Speaker 2: negative about Wellington, but today you've got some building projects 390 00:21:18,680 --> 00:21:19,160 Speaker 2: on track. 391 00:21:19,880 --> 00:21:22,240 Speaker 12: Well exactly. We knock them when they get it wrong, 392 00:21:22,320 --> 00:21:24,760 Speaker 12: but we can't knock them this morning because it seems 393 00:21:24,760 --> 00:21:26,639 Speaker 12: they're getting a lot of this stuff right, or at 394 00:21:26,720 --> 00:21:28,280 Speaker 12: least close to fruition. 395 00:21:28,680 --> 00:21:28,920 Speaker 8: Light. 396 00:21:29,160 --> 00:21:33,480 Speaker 12: End of Tunnel, Cliche et cetera. Civic Square now nine 397 00:21:33,520 --> 00:21:36,160 Speaker 12: months away from reopening to the public. That's quite exciting. 398 00:21:36,160 --> 00:21:39,199 Speaker 12: You've got City Gallery there reopening as well. Might be 399 00:21:39,240 --> 00:21:43,520 Speaker 12: some new retail and hospitality venues as well. Central Library 400 00:21:43,560 --> 00:21:46,040 Speaker 12: too that seems like it's been closed for an eternity. 401 00:21:46,320 --> 00:21:49,959 Speaker 12: That's reopening at the same time early next year. And 402 00:21:50,000 --> 00:21:53,680 Speaker 12: the ludicrously expensive town Hall refurbishments as well. That seems 403 00:21:53,680 --> 00:21:57,520 Speaker 12: to be going well as well. The city's media were 404 00:21:57,520 --> 00:22:00,280 Speaker 12: even invited for a tour this week. That's how confident 405 00:22:00,359 --> 00:22:03,400 Speaker 12: the council and its builders feel about the work. Town 406 00:22:03,440 --> 00:22:07,520 Speaker 12: Hall completed next July. Worth also adding that the city 407 00:22:07,520 --> 00:22:11,280 Speaker 12: Council itself it's delayed move into new offices on Jerviski 408 00:22:11,840 --> 00:22:15,760 Speaker 12: also now set for next year, delayed quite seriously. Negotiations 409 00:22:15,800 --> 00:22:18,639 Speaker 12: took far too long, millions spent in the meantime are 410 00:22:18,720 --> 00:22:21,200 Speaker 12: longer than expected fit out. But the Council in its 411 00:22:21,240 --> 00:22:24,160 Speaker 12: new offices Jerviskei also early next year. 412 00:22:24,440 --> 00:22:27,800 Speaker 2: Okay, so next year will be running, not this year, 413 00:22:28,119 --> 00:22:29,840 Speaker 2: next year. Next year will be read that's our year. 414 00:22:29,920 --> 00:22:31,800 Speaker 2: But like the Warriors, how's they were? 415 00:22:31,800 --> 00:22:34,960 Speaker 12: The max cloudy periods some morning rain, but some quite 416 00:22:35,320 --> 00:22:38,359 Speaker 12: severe win this morning as well easing this afternoon eighteen 417 00:22:38,440 --> 00:22:39,280 Speaker 12: the high nice one. 418 00:22:39,280 --> 00:22:41,800 Speaker 2: Thank you Neva's and Auckland NAVA. Good morning, good morning. 419 00:22:42,000 --> 00:22:46,280 Speaker 2: Now look out because you'll be chased by a police bus. 420 00:22:46,560 --> 00:22:47,600 Speaker 2: That's right now. 421 00:22:47,600 --> 00:22:51,600 Speaker 13: Look, this is pretty exciting. So police they're busting out 422 00:22:51,600 --> 00:22:56,280 Speaker 13: this new recruitment campaign, rapping five Auckland buses in police branding. 423 00:22:56,400 --> 00:22:59,960 Speaker 13: So these are the newly decorated the double deckers because 424 00:23:00,040 --> 00:23:02,200 Speaker 13: they seek five hundred people. And you know what, that's 425 00:23:02,240 --> 00:23:03,399 Speaker 13: the target number that they want to. 426 00:23:03,400 --> 00:23:04,879 Speaker 2: Recruit, five hundred people. 427 00:23:05,960 --> 00:23:08,840 Speaker 13: See those double dickers. Never have you been on those? No? 428 00:23:08,920 --> 00:23:10,720 Speaker 2: But they can't seek five hundred people. 429 00:23:11,240 --> 00:23:13,320 Speaker 13: Well you know what, that's what they reckon. If you 430 00:23:13,400 --> 00:23:15,639 Speaker 13: have your seat, put them there and then you have 431 00:23:15,680 --> 00:23:16,240 Speaker 13: someone on your. 432 00:23:16,240 --> 00:23:19,040 Speaker 2: Lap, wouldn't want well, you wouldn't want to crash one. 433 00:23:18,920 --> 00:23:22,760 Speaker 13: Would No, you wouldn't well, oh I shouldn't be loving. 434 00:23:22,840 --> 00:23:25,320 Speaker 13: Look and the costs there, that total is about one 435 00:23:25,400 --> 00:23:27,760 Speaker 13: hundred and twenty thousand dollars. So that includes the print, 436 00:23:27,800 --> 00:23:32,080 Speaker 13: the installation, three months of media advertising and Richard Chambers, 437 00:23:32,080 --> 00:23:32,639 Speaker 13: the commissioner. 438 00:23:32,640 --> 00:23:34,359 Speaker 2: He says Auckland. 439 00:23:33,880 --> 00:23:36,840 Speaker 13: Obviously is the key recruitment area. They want to be 440 00:23:36,920 --> 00:23:39,400 Speaker 13: highly visible, and they have what advertise bar and wider 441 00:23:39,440 --> 00:23:39,879 Speaker 13: they will. 442 00:23:39,720 --> 00:23:42,920 Speaker 2: Won't they? Twenty thousand dollars. 443 00:23:42,760 --> 00:23:45,520 Speaker 13: Yep for all all up, yeah, all up for that 444 00:23:45,680 --> 00:23:49,800 Speaker 13: print and installation, three months of media advertising. So these 445 00:23:49,840 --> 00:23:52,320 Speaker 13: police buses are going to be in public circulation for 446 00:23:52,400 --> 00:23:55,119 Speaker 13: about three months the next three months. Okay, pretty good. 447 00:23:55,160 --> 00:23:58,240 Speaker 2: Pretty good price considering we're talking about it. You know, 448 00:23:58,240 --> 00:24:02,280 Speaker 2: it's kind of a novel thing. Interesting. And how's the weather? 449 00:24:02,400 --> 00:24:02,640 Speaker 14: Hey? 450 00:24:02,800 --> 00:24:03,280 Speaker 15: First up? 451 00:24:03,280 --> 00:24:05,000 Speaker 13: Did you hear those thunderstorms last night? 452 00:24:05,119 --> 00:24:05,280 Speaker 1: Well? 453 00:24:05,320 --> 00:24:07,879 Speaker 2: I heard, I was saying step through it. Yeah, I 454 00:24:07,920 --> 00:24:10,840 Speaker 2: sleep with ear pods and so all right, did hear 455 00:24:10,840 --> 00:24:13,440 Speaker 2: the rain at one point? I thought it must be raining? 456 00:24:13,520 --> 00:24:15,400 Speaker 13: Well, I was sound a seat by about six forty 457 00:24:15,480 --> 00:24:17,840 Speaker 13: five pm, and I missed it completely. I woke up 458 00:24:17,840 --> 00:24:19,520 Speaker 13: this morning, came in here and I went, well, there 459 00:24:19,560 --> 00:24:22,720 Speaker 13: was a croc, wasn't it. I didn't know thunderstorm were, Yes, 460 00:24:23,040 --> 00:24:24,840 Speaker 13: you just didn't hear it. I was like, my goodness, 461 00:24:25,119 --> 00:24:27,080 Speaker 13: and look, I can tell you there won't be any 462 00:24:27,200 --> 00:24:31,280 Speaker 13: thunderstorms tonight. Shower is easing this afternoon. Auklan's high nineteen brilliant. 463 00:24:31,280 --> 00:24:33,920 Speaker 2: Thank you, Neva, right, that is it for us, Well, 464 00:24:33,920 --> 00:24:37,120 Speaker 2: it's not quiet for us. Seventeen to six on news 465 00:24:37,160 --> 00:24:41,360 Speaker 2: talks MB. It is it for us and wrapping the country. 466 00:24:41,400 --> 00:24:43,840 Speaker 2: But we'll get too much. Mccanney's stateside for US. Next 467 00:24:43,840 --> 00:24:45,480 Speaker 2: Trump and Poutin have how to call all the. 468 00:24:45,440 --> 00:24:50,159 Speaker 1: Details international correspondence with ends and eye insurance, peace of 469 00:24:50,160 --> 00:24:51,840 Speaker 1: mind for New Zealand business. 470 00:24:52,440 --> 00:24:55,120 Speaker 2: Who's talked to be just gone fourteen minutes away from 471 00:24:55,119 --> 00:24:57,960 Speaker 2: six o'clock. We'll get to the supermarkets in just a second, 472 00:24:58,000 --> 00:25:01,480 Speaker 2: right now. Mitch McCann stateside for US, Mitch, good morning, Ryan, 473 00:25:01,520 --> 00:25:01,960 Speaker 2: good morning. 474 00:25:01,960 --> 00:25:02,320 Speaker 9: How are you? 475 00:25:02,400 --> 00:25:02,560 Speaker 8: Yeh? 476 00:25:02,560 --> 00:25:04,639 Speaker 2: I very well? Thank you. How was the call between 477 00:25:04,720 --> 00:25:05,479 Speaker 2: Trump and Potin? 478 00:25:06,400 --> 00:25:06,560 Speaker 14: Well? 479 00:25:06,600 --> 00:25:09,280 Speaker 15: Donald Trump had sent said it went well. This happened 480 00:25:09,280 --> 00:25:11,360 Speaker 15: this morning, a couple of hours ago. It lasted more 481 00:25:11,359 --> 00:25:13,879 Speaker 15: than one hour and fifteen minutes, according to Donald Trump. 482 00:25:14,400 --> 00:25:18,000 Speaker 15: And Trump actually revealed that Russia is planning to retaliate 483 00:25:18,119 --> 00:25:21,160 Speaker 15: against Ukraine after that attack in recent days in which 484 00:25:21,680 --> 00:25:25,720 Speaker 15: Ukraine's his forty one Russian aircraft were had, including strategic bombers. 485 00:25:25,720 --> 00:25:28,920 Speaker 15: That was of course quite an embarrassment for Russia because 486 00:25:28,920 --> 00:25:31,240 Speaker 15: it was well into Russian territory. Trump says he is 487 00:25:31,320 --> 00:25:34,560 Speaker 15: going to retaliate. He described it as a good conversation, 488 00:25:34,720 --> 00:25:38,000 Speaker 15: but not a conversation that will lead to immediate peace, 489 00:25:38,160 --> 00:25:39,200 Speaker 15: is what Trump had to say. 490 00:25:39,400 --> 00:25:42,320 Speaker 2: Okay, so we want holdo breath. Then what about Trump 491 00:25:42,440 --> 00:25:44,879 Speaker 2: and Musk? Because when Musk has come out and bagged 492 00:25:44,880 --> 00:25:48,400 Speaker 2: his bill, as Trump responded to Musk, he. 493 00:25:48,320 --> 00:25:50,800 Speaker 15: Hasn't and Donald Trump hasn't actually done a press conference 494 00:25:50,840 --> 00:25:52,920 Speaker 15: this week, which is quite unusual. But we might hear 495 00:25:52,920 --> 00:25:56,640 Speaker 15: from him later today. Musk said, this big, beautiful bill 496 00:25:56,680 --> 00:26:00,320 Speaker 15: that we've talked about, Ryan was massive, outrageous, poor filled 497 00:26:00,359 --> 00:26:03,560 Speaker 15: congressional spending and it's a disgusting abomination. 498 00:26:03,720 --> 00:26:05,520 Speaker 2: And to make that is worse for Donald Trump. 499 00:26:05,920 --> 00:26:09,440 Speaker 15: This non partisan Congressional Budget Office has come up with 500 00:26:09,480 --> 00:26:11,720 Speaker 15: a figure on how much this is going to cost 501 00:26:11,720 --> 00:26:14,400 Speaker 15: the United States over ten years. It says it will 502 00:26:14,400 --> 00:26:18,239 Speaker 15: add two point four trillion dollars to the US national debt. Now, 503 00:26:18,280 --> 00:26:20,119 Speaker 15: Donald Trump wants to sign this or have it on 504 00:26:20,160 --> 00:26:23,040 Speaker 15: his desk by the fourth of July, but it really 505 00:26:23,080 --> 00:26:25,160 Speaker 15: is coming up against a number of roadblocks. 506 00:26:25,200 --> 00:26:27,200 Speaker 2: Now, all right, Mitch, thanks for your time this morning. 507 00:26:27,200 --> 00:26:28,960 Speaker 2: Great to have you on. As always, much pcan in 508 00:26:29,000 --> 00:26:31,600 Speaker 2: the US for US thirteen are twelve minutes away from 509 00:26:31,640 --> 00:26:36,080 Speaker 2: six brand. So the Commerce Commission cracking down on unfair behavior. 510 00:26:36,200 --> 00:26:38,920 Speaker 2: What they say is unfair behavior in the grocery sector. 511 00:26:39,080 --> 00:26:43,399 Speaker 2: The Grocery Commissioner is worried about promotional payments between the 512 00:26:43,440 --> 00:26:47,320 Speaker 2: big supermarkets, the dropoly and the suppliers. He says that 513 00:26:47,400 --> 00:26:50,880 Speaker 2: around five billion dollars a year in promotional rebates contributes 514 00:26:50,920 --> 00:26:56,640 Speaker 2: to higher average prices for goods and contributes to price fluctuation. 515 00:26:57,480 --> 00:27:00,040 Speaker 2: His warning the ComCom may have to act if the 516 00:27:00,040 --> 00:27:03,560 Speaker 2: supermarkets don't voluntarily stop the rate at which this is happening. 517 00:27:04,000 --> 00:27:07,120 Speaker 2: Ernie Newman is a grocery policy expert with me this morning. Aarnye, 518 00:27:07,160 --> 00:27:07,600 Speaker 2: good morning. 519 00:27:08,400 --> 00:27:09,040 Speaker 14: Gooday, Ryan. 520 00:27:09,359 --> 00:27:14,520 Speaker 2: Can you explain to me why offering discounts or specials 521 00:27:14,520 --> 00:27:17,680 Speaker 2: at the supermarket getting rid of those would make life 522 00:27:17,720 --> 00:27:18,960 Speaker 2: better for us consumers? 523 00:27:20,280 --> 00:27:22,880 Speaker 14: Yeah, it's interesting. It's a very complicated market that we're 524 00:27:22,880 --> 00:27:26,240 Speaker 14: talking about here, But what the Commissioner is showing in 525 00:27:26,280 --> 00:27:29,119 Speaker 14: this report is that there are these vast sums of 526 00:27:29,160 --> 00:27:33,240 Speaker 14: money that the supermarkets are negotiating from their largest suppliers, 527 00:27:34,080 --> 00:27:37,560 Speaker 14: not all of which is being passed on to consumers. 528 00:27:37,640 --> 00:27:40,439 Speaker 14: So they're talking now about five billion a year in 529 00:27:40,560 --> 00:27:44,760 Speaker 14: discounts and rebates and promotional allowances and whatever. And when 530 00:27:44,800 --> 00:27:46,320 Speaker 14: you come to work that I tried to do the 531 00:27:46,320 --> 00:27:48,560 Speaker 14: math last night, it comes to you know, for a 532 00:27:48,560 --> 00:27:51,160 Speaker 14: family of four, that's about four grand a year per 533 00:27:51,280 --> 00:27:55,399 Speaker 14: family that the supermarkets are getting in discounts from their suppliers, 534 00:27:55,880 --> 00:27:58,080 Speaker 14: not all by any means of which is being passed 535 00:27:58,119 --> 00:28:00,000 Speaker 14: on to consumers at the checkout. 536 00:28:00,320 --> 00:28:02,400 Speaker 2: Ye, But how much is being passed on and isn't 537 00:28:02,400 --> 00:28:04,600 Speaker 2: being passed on? Wouldn't that be central to whether you 538 00:28:04,680 --> 00:28:05,640 Speaker 2: do anything about it? 539 00:28:06,520 --> 00:28:10,000 Speaker 14: Well? Yeah, but the way in which the commissioner is 540 00:28:10,000 --> 00:28:12,440 Speaker 14: phrasing this, it's pretty obvious there is a very very 541 00:28:12,520 --> 00:28:15,560 Speaker 14: large amount that is simply going into the pockets of 542 00:28:15,119 --> 00:28:18,600 Speaker 14: the supermarkets and not being passed on. And you know, 543 00:28:18,680 --> 00:28:22,480 Speaker 14: in a proper competitive market that would not be possible 544 00:28:22,680 --> 00:28:26,119 Speaker 14: because of one supermarket didn't pass it on to the customers. 545 00:28:26,400 --> 00:28:28,840 Speaker 14: Another one would problem is, of course, we've got a 546 00:28:28,840 --> 00:28:32,520 Speaker 14: broken market here. We've only got a duopoly with two 547 00:28:32,520 --> 00:28:36,360 Speaker 14: people making the decisions for supermarkets at wholesale and retail 548 00:28:36,440 --> 00:28:39,640 Speaker 14: level for the entire country, and so our market is broken. 549 00:28:39,880 --> 00:28:43,160 Speaker 2: Okay, And if what you're saying is true, then You know, 550 00:28:43,200 --> 00:28:46,080 Speaker 2: when we started this whole exercise about the supermarkets, we 551 00:28:46,080 --> 00:28:48,040 Speaker 2: were told they were making a million dollars a day 552 00:28:48,040 --> 00:28:50,680 Speaker 2: in excess profits. So three hundred and sixty odd million 553 00:28:50,720 --> 00:28:53,440 Speaker 2: dollars a year. What you're now talking about, and what 554 00:28:53,480 --> 00:28:55,880 Speaker 2: the Commission is now talking about is billions. 555 00:28:56,760 --> 00:28:59,920 Speaker 14: Yeah. Yeah, so it didn't come out of loose money floating? 556 00:29:00,560 --> 00:29:03,680 Speaker 2: Did we underest? Are you saying that the million dollars 557 00:29:03,720 --> 00:29:09,440 Speaker 2: a day in excess profits was out by what tens hundreds. 558 00:29:09,080 --> 00:29:12,560 Speaker 14: Of millions financially? Yeah? Yeah, there's far more loose money 559 00:29:12,560 --> 00:29:15,720 Speaker 14: floating around in this sector than the Commerce Commission has 560 00:29:15,760 --> 00:29:18,480 Speaker 14: identified in previous occasions. 561 00:29:19,360 --> 00:29:21,720 Speaker 2: But the problem is they haven't. They haven't identified it, 562 00:29:21,920 --> 00:29:24,080 Speaker 2: had they They've just said, hey, look there are five 563 00:29:24,120 --> 00:29:27,040 Speaker 2: billion dollars of payments going from A to B. They 564 00:29:27,080 --> 00:29:29,520 Speaker 2: haven't said how much of it's that you've been passed 565 00:29:29,560 --> 00:29:31,200 Speaker 2: on or not? This is a Is this not a 566 00:29:31,240 --> 00:29:33,440 Speaker 2: phishing exercise? No, it's not. 567 00:29:33,480 --> 00:29:35,840 Speaker 14: It's more than that. The problem we've got here is 568 00:29:35,920 --> 00:29:38,960 Speaker 14: we've got a market that is almost it's almost mafia alike. 569 00:29:39,840 --> 00:29:43,040 Speaker 14: You know, there are there are just so many discounts 570 00:29:43,040 --> 00:29:46,800 Speaker 14: and rebates and allowances and money going sort of under 571 00:29:46,840 --> 00:29:51,040 Speaker 14: the table. But nobody from outside can can absolutely say 572 00:29:51,080 --> 00:29:54,000 Speaker 14: with certainty how much loose money there is sloshing around 573 00:29:54,040 --> 00:29:56,800 Speaker 14: in the system. What we do know is that it's 574 00:29:56,840 --> 00:30:00,040 Speaker 14: the supermarket serve at the top level and not the 575 00:30:00,160 --> 00:30:02,120 Speaker 14: consumers that they're getting the benefit of a great deal 576 00:30:02,160 --> 00:30:02,320 Speaker 14: of this. 577 00:30:03,080 --> 00:30:05,440 Speaker 2: Ernie, appreciate your time this morning. Ernie Newman, who's a 578 00:30:05,480 --> 00:30:08,640 Speaker 2: grocery policy expertis gone. Nine minutes away from six are 579 00:30:08,720 --> 00:30:11,960 Speaker 2: loads of texts on this. Ryan's specials add variety and 580 00:30:12,120 --> 00:30:15,600 Speaker 2: fun to the drag of shopping. I love this, don't 581 00:30:15,920 --> 00:30:18,880 Speaker 2: touch my don't you come for my specials? Commerce Commission 582 00:30:19,560 --> 00:30:22,920 Speaker 2: this is interesting. I'm a supplier to food stuffs, and 583 00:30:23,040 --> 00:30:25,560 Speaker 2: what the commissioner is talking about is that we might 584 00:30:25,600 --> 00:30:27,720 Speaker 2: have a product that we want to sell at say 585 00:30:27,720 --> 00:30:31,360 Speaker 2: two dollars fifty every day, but food stuffs make us 586 00:30:31,400 --> 00:30:34,560 Speaker 2: put the price up so many weeks a year so 587 00:30:34,600 --> 00:30:37,520 Speaker 2: that they can call it a special, when all we 588 00:30:37,600 --> 00:30:40,360 Speaker 2: really want to do is to have the price lower 589 00:30:40,480 --> 00:30:43,640 Speaker 2: every day. But the question is is overall, is the 590 00:30:43,680 --> 00:30:47,120 Speaker 2: price on average higher or lower than it would otherwise be? 591 00:30:47,200 --> 00:30:50,560 Speaker 2: That's the question. Eight away from sex Mic next the. 592 00:30:50,440 --> 00:30:53,400 Speaker 1: News you need this Morning and the in depth Analysis 593 00:30:53,480 --> 00:30:57,080 Speaker 1: early edition with Ryan Bridge and one roof Make Your 594 00:30:57,120 --> 00:30:59,840 Speaker 1: Property Search Simple News Talk said. 595 00:30:59,680 --> 00:31:02,360 Speaker 2: The the Sex News Talks, they'd be Ryan Adern stop 596 00:31:02,400 --> 00:31:05,320 Speaker 2: the prompt payment discount. I remember this on our power 597 00:31:05,320 --> 00:31:07,520 Speaker 2: bills because it wasn't fair on the people who didn't 598 00:31:07,520 --> 00:31:10,880 Speaker 2: pay their bills on time. This move was as ridiculous 599 00:31:10,920 --> 00:31:15,160 Speaker 2: as the supermarket discount plan that's been announced today. Mike 600 00:31:15,280 --> 00:31:16,440 Speaker 2: is here now, Hi, Mike. 601 00:31:16,560 --> 00:31:19,960 Speaker 16: Well, it hasn't been announced. It's it's it's yet another 602 00:31:20,080 --> 00:31:23,160 Speaker 16: theory from people who spend their entire life coming up 603 00:31:23,200 --> 00:31:25,480 Speaker 16: with theories that may or may not make any difference. 604 00:31:25,640 --> 00:31:26,800 Speaker 16: Largely they won't. 605 00:31:26,880 --> 00:31:27,880 Speaker 2: It's out for consultation. 606 00:31:28,160 --> 00:31:30,600 Speaker 16: As every person we're talking to old per Year today, 607 00:31:31,280 --> 00:31:33,640 Speaker 16: we're going to rustle him out of his corner office 608 00:31:33,640 --> 00:31:39,080 Speaker 16: as grocery commissioner and his company everywhere life. If you 609 00:31:39,160 --> 00:31:42,120 Speaker 16: go and buy stuff, and lots of it. If I 610 00:31:42,160 --> 00:31:45,480 Speaker 16: come into your shop and buy one hundred envelopes instead 611 00:31:45,480 --> 00:31:47,560 Speaker 16: of one envelope, you're going to give me a better deal. 612 00:31:48,440 --> 00:31:51,960 Speaker 16: Just how life works. And if I'm a loyal customer, 613 00:31:52,200 --> 00:31:53,520 Speaker 16: you're going to look after me, aren't you. 614 00:31:53,640 --> 00:31:56,640 Speaker 2: The whole thing is a fishing exercise, because a fishing expedition, 615 00:31:56,720 --> 00:32:01,360 Speaker 2: because they can't say how much of these payments pocketed, 616 00:32:01,560 --> 00:32:04,719 Speaker 2: how much were being passed on? You remember when you 617 00:32:04,760 --> 00:32:05,400 Speaker 2: mentioned it, Doune. 618 00:32:05,400 --> 00:32:07,400 Speaker 16: You remember she told us that we were being fleeced 619 00:32:07,400 --> 00:32:09,160 Speaker 16: at the petrol stations and they did another one of 620 00:32:09,160 --> 00:32:11,560 Speaker 16: those market studies. Are we being fleeced now or not? 621 00:32:12,000 --> 00:32:13,960 Speaker 16: You can't tell us. You would never clue what oils 622 00:32:14,040 --> 00:32:15,320 Speaker 16: up oils down. That's how it works. 623 00:32:15,400 --> 00:32:18,840 Speaker 2: Have you just talking someone's texting about their double decker buses. Neiv. 624 00:32:19,120 --> 00:32:22,920 Speaker 2: That was embarrassing. NEIV came so embarrassed. She claimed, you 625 00:32:22,960 --> 00:32:25,200 Speaker 2: can get five hundred people on a double decker bus 626 00:32:25,240 --> 00:32:26,160 Speaker 2: in Auckland. 627 00:32:25,800 --> 00:32:28,960 Speaker 16: Do you it's hard to believe that, nev to. I 628 00:32:29,040 --> 00:32:30,840 Speaker 16: might be wrong, but neither tonight. You know, the radio 629 00:32:30,880 --> 00:32:36,040 Speaker 16: awards are on tonight. Neiva's a finalist, and I don't, 630 00:32:36,040 --> 00:32:38,000 Speaker 16: well should she? I mean when she comes on your 631 00:32:38,000 --> 00:32:40,120 Speaker 16: program and says random stuff like that. I mean, really, 632 00:32:40,160 --> 00:32:43,120 Speaker 16: there's a credibility issue around that, isn't it? Great voice, 633 00:32:43,440 --> 00:32:47,280 Speaker 16: a fantastic voice, just not good on the detail. What 634 00:32:47,320 --> 00:32:48,840 Speaker 16: was the thing I said? I said, think about an 635 00:32:48,880 --> 00:32:52,200 Speaker 16: a three eighty, Yeah, a plane a plane, an A 636 00:32:52,320 --> 00:32:55,520 Speaker 16: three eighty holds just under five hundred people, right, so 637 00:32:55,560 --> 00:32:57,480 Speaker 16: if an A three eighty holds under five hundred, do 638 00:32:57,480 --> 00:32:59,240 Speaker 16: you reckon a bus holds five hundred? 639 00:32:59,240 --> 00:33:01,800 Speaker 2: People are saying this is so apparently it's one hundred people. 640 00:33:01,880 --> 00:33:03,440 Speaker 2: Of course, it doesn't get on a double Dickaba. 641 00:33:03,520 --> 00:33:06,320 Speaker 16: If you squeezed, if you went down the island squeezed everybody, 642 00:33:06,520 --> 00:33:08,360 Speaker 16: then you might be one hundred and fifty. 643 00:33:08,480 --> 00:33:11,080 Speaker 2: The size of people these days, it's just appalling. 644 00:33:11,240 --> 00:33:14,440 Speaker 16: It's appalling the size of people these days. 645 00:33:14,560 --> 00:33:15,200 Speaker 2: It's shocking. 646 00:33:15,440 --> 00:33:15,880 Speaker 10: Anyway. 647 00:33:16,440 --> 00:33:19,800 Speaker 16: Today insurance and so there's more more charging coming from 648 00:33:19,880 --> 00:33:21,800 Speaker 16: what used to be called the you know the Earthqua. 649 00:33:22,040 --> 00:33:23,440 Speaker 2: Yeah, it used to be called that. They called it 650 00:33:23,520 --> 00:33:25,000 Speaker 2: something different and see I think. 651 00:33:24,840 --> 00:33:26,800 Speaker 16: But whatever it is anyway, it's costing us more. 652 00:33:26,840 --> 00:33:29,960 Speaker 2: There's just more and more and more. MICA's next Have 653 00:33:30,000 --> 00:33:42,200 Speaker 2: a Great Day run See it tomorrow Friday. 654 00:33:45,280 --> 00:33:48,200 Speaker 1: For more from Early Edition with Ryan Bridge. Listen live 655 00:33:48,400 --> 00:33:51,400 Speaker 1: to news Talks it'd be from five am weekdays, or 656 00:33:51,440 --> 00:33:53,360 Speaker 1: follow the podcast on iHeartRadio