1 00:00:01,200 --> 00:00:05,360 Speaker 1: The issues, the interviews and the insight. Ryan Bridge on 2 00:00:05,600 --> 00:00:08,559 Speaker 1: earlier is show with one roof love where you live 3 00:00:09,039 --> 00:00:09,640 Speaker 1: news talks. 4 00:00:09,640 --> 00:00:11,880 Speaker 2: There'd be good morning, just gone six after five, the 5 00:00:11,960 --> 00:00:15,120 Speaker 2: Rbas lifting the cash right across the ditch. Why we're different, 6 00:00:15,200 --> 00:00:17,480 Speaker 2: Mike Jones from the B and Z with us before six, 7 00:00:17,560 --> 00:00:20,239 Speaker 2: Gavin Graham the uk Zelenski's in town. There there's a 8 00:00:20,280 --> 00:00:23,439 Speaker 2: fight on for Chinese students. And we'll speak to Stu Hamilton, 9 00:00:23,480 --> 00:00:28,320 Speaker 2: the Mercury boss on Geo Thermal, the agenda Wenesday, the 10 00:00:28,360 --> 00:00:30,480 Speaker 2: Adam for March's good to have your company. Trump's just 11 00:00:30,480 --> 00:00:33,519 Speaker 2: been talking. He says he's disappointed with NATO for not 12 00:00:33,560 --> 00:00:34,760 Speaker 2: stepping up in the Strait. 13 00:00:35,479 --> 00:00:39,040 Speaker 3: I think NATO's making a very foolish mistake. And I've 14 00:00:39,159 --> 00:00:41,440 Speaker 3: long said that, you know, I wonder whether or not 15 00:00:42,040 --> 00:00:45,040 Speaker 3: NATO would ever be there for us. So this is 16 00:00:45,040 --> 00:00:47,720 Speaker 3: a This was a great test because we don't need them, 17 00:00:47,720 --> 00:00:48,760 Speaker 3: but they should have been there. 18 00:00:49,120 --> 00:00:53,240 Speaker 2: Now. Two big personnel hits overnight. Israel reckons it's killed Larajani. 19 00:00:53,320 --> 00:00:54,800 Speaker 2: This is around security chief. 20 00:00:54,840 --> 00:00:58,760 Speaker 4: This morning we eliminated Ali Lani. Ali Larijani is the 21 00:00:58,800 --> 00:01:02,000 Speaker 4: boss of the Revolutionary Gods, which is the gun of 22 00:01:02,080 --> 00:01:06,720 Speaker 4: gangsters that effectively runs Iran. We also eliminated alongside him 23 00:01:06,920 --> 00:01:10,240 Speaker 4: the Bassage commander, who are the assistants of these gangsters 24 00:01:10,400 --> 00:01:13,640 Speaker 4: spreading terror in the streets of Tehran and other cities 25 00:01:13,680 --> 00:01:15,320 Speaker 4: of Iran against the population. 26 00:01:15,480 --> 00:01:17,280 Speaker 2: Got a bit more background on Larry Johnny for you 27 00:01:17,360 --> 00:01:20,040 Speaker 2: on a second Trump's top counter terrorism This is the 28 00:01:20,080 --> 00:01:23,440 Speaker 2: other big head overnight counter terrorism official has quit since 29 00:01:23,480 --> 00:01:25,319 Speaker 2: there was no threat from Iran, and this. 30 00:01:25,360 --> 00:01:29,000 Speaker 5: Is the first resignation we've seen in connection to the 31 00:01:29,000 --> 00:01:32,320 Speaker 5: President's decision to begin this war in Iran with Israel, 32 00:01:32,400 --> 00:01:35,160 Speaker 5: and as we've been talking about for weeks now, incredibly 33 00:01:35,200 --> 00:01:38,760 Speaker 5: controversial because President Trump still hasn't answered many of those 34 00:01:38,880 --> 00:01:41,800 Speaker 5: questions as to why exactly he started this war. 35 00:01:41,920 --> 00:01:43,880 Speaker 2: He is answering questions at the White House at the moment. 36 00:01:43,920 --> 00:01:45,440 Speaker 2: Will bring you more of that laid out talk of 37 00:01:45,480 --> 00:01:48,720 Speaker 2: boots on the ground that's upset around the Deputy Foreign Minister. 38 00:01:48,480 --> 00:01:54,360 Speaker 6: Even suggesting that foreign country can put the boots on 39 00:01:54,400 --> 00:01:57,800 Speaker 6: the ground of another country, invade another country, occupied the 40 00:01:57,880 --> 00:02:01,120 Speaker 6: land of another country. Is I'm seeing very much all 41 00:02:01,320 --> 00:02:05,960 Speaker 6: very luckless illegal and against all international no. 42 00:02:06,000 --> 00:02:10,720 Speaker 2: Lot his staying in the United States shock horror. In Utah, 43 00:02:10,919 --> 00:02:13,600 Speaker 2: a mother who wrote a children's book about grief after 44 00:02:13,639 --> 00:02:15,720 Speaker 2: the sudden death of her husband has been found wait 45 00:02:15,840 --> 00:02:18,360 Speaker 2: for it, guilty of his murder. She poisoned him with 46 00:02:18,400 --> 00:02:19,560 Speaker 2: a ventanyl juice. 47 00:02:19,919 --> 00:02:23,160 Speaker 7: They said Richards killed her husband for money while planning 48 00:02:23,160 --> 00:02:25,080 Speaker 7: to start a new life with a new man. 49 00:02:27,680 --> 00:02:31,359 Speaker 1: Get ahead of the headlines on early edition with Ryan 50 00:02:31,440 --> 00:02:34,040 Speaker 1: Bridge and one roof Love where you. 51 00:02:34,040 --> 00:02:37,320 Speaker 2: Live News talk sed me quite extreme? Why not just 52 00:02:37,360 --> 00:02:40,160 Speaker 2: get a divorce? You know you need to kill the guy. 53 00:02:40,520 --> 00:02:43,120 Speaker 2: Time is eight minutes after five nine nine two is 54 00:02:43,120 --> 00:02:44,960 Speaker 2: the number of text this morning, love to hear from you. 55 00:02:45,280 --> 00:02:48,280 Speaker 2: So we've got a Reserve Bank decision here next week. 56 00:02:48,320 --> 00:02:50,520 Speaker 2: We're currently at two point twenty five percent. Now. The 57 00:02:50,600 --> 00:02:54,240 Speaker 2: RBA across the Tasman yesterday lifted their official cash rate 58 00:02:54,520 --> 00:02:58,200 Speaker 2: to four point one percent. But remember their inflations much 59 00:02:58,280 --> 00:03:01,360 Speaker 2: higher than ours. They're currently it about well close to 60 00:03:01,440 --> 00:03:04,440 Speaker 2: four percent. Three point eight percent is their headline rate, 61 00:03:04,760 --> 00:03:08,800 Speaker 2: so higher than ours, and that's why they're having to hike. Plus, 62 00:03:08,919 --> 00:03:11,160 Speaker 2: you've got a government over there that's spending a lot 63 00:03:11,200 --> 00:03:14,400 Speaker 2: more than our government, well certainly not splashing the cash 64 00:03:14,440 --> 00:03:18,000 Speaker 2: like our government here hasn't been, and this was an 65 00:03:18,000 --> 00:03:20,480 Speaker 2: expected number that they were going to hike. They'll have 66 00:03:20,520 --> 00:03:25,680 Speaker 2: another one after it. It's Australia related, not Middle East related. 67 00:03:25,880 --> 00:03:28,880 Speaker 2: Is the point of this because everyone there's a couple 68 00:03:28,919 --> 00:03:31,840 Speaker 2: of central banks this week doing an official cash rate review, 69 00:03:31,880 --> 00:03:36,120 Speaker 2: and everybody's looking and going what are they thinking about 70 00:03:36,160 --> 00:03:38,600 Speaker 2: central banks about what's happening in the Middle East? Is 71 00:03:38,640 --> 00:03:41,040 Speaker 2: it going to be inflationary? I had a look at 72 00:03:41,040 --> 00:03:43,680 Speaker 2: the notes from the RBA yesterday to try and glean 73 00:03:43,800 --> 00:03:46,480 Speaker 2: some answers on that exact question, and they say it's 74 00:03:46,760 --> 00:03:50,880 Speaker 2: likely inflationary, but also, as they always do, say could 75 00:03:50,880 --> 00:03:53,960 Speaker 2: tip completely the other way. Now we're in a very 76 00:03:54,000 --> 00:03:57,120 Speaker 2: different position here because and we're still expected to hold 77 00:03:57,320 --> 00:04:00,800 Speaker 2: that our meeting next month, hold the oce are Our 78 00:04:01,000 --> 00:04:03,720 Speaker 2: current inflation is a touch over where it should be 79 00:04:03,760 --> 00:04:07,680 Speaker 2: three point one percent. So that's what I'm saying, completely 80 00:04:07,680 --> 00:04:10,400 Speaker 2: different kettle of fish over there than what it is here, 81 00:04:10,600 --> 00:04:13,760 Speaker 2: and that's why you have seen an increase. Be interesting 82 00:04:13,800 --> 00:04:17,360 Speaker 2: to see obviously what the Monetary Policy Committee here thinks 83 00:04:17,400 --> 00:04:19,839 Speaker 2: about all of this, But just from what you have 84 00:04:19,960 --> 00:04:22,800 Speaker 2: a quick read, a cursory glance at what the Australians 85 00:04:22,800 --> 00:04:26,720 Speaker 2: have done. They say likely inflationary, but as I say, 86 00:04:26,839 --> 00:04:29,240 Speaker 2: could go either way. Time is ten and after five 87 00:04:30,160 --> 00:04:32,920 Speaker 2: Bridge Mike Jones about that from being Zdies on the 88 00:04:32,920 --> 00:04:35,800 Speaker 2: show just before six this morning. Coming up next it 89 00:04:35,880 --> 00:04:39,679 Speaker 2: is the Mercury Boss. Stu Hamilton joins us on Shane 90 00:04:39,800 --> 00:04:42,760 Speaker 2: Jones and his geothermal push all ahead. 91 00:04:43,440 --> 00:04:47,280 Speaker 1: On your radio and online on Iheard Radio early edition 92 00:04:47,600 --> 00:04:51,240 Speaker 1: with Ryan Bridge and one roofe Love Where You Live. 93 00:04:51,560 --> 00:04:54,760 Speaker 2: News talks had been five point thirteen Global dairy trade 94 00:04:54,760 --> 00:04:59,320 Speaker 2: auction overnight upero point one percent well, which is not 95 00:04:59,400 --> 00:05:01,640 Speaker 2: to be scoffed because it's still an increase. We've had 96 00:05:01,640 --> 00:05:04,400 Speaker 2: an increase in every option this year after it started 97 00:05:04,400 --> 00:05:06,600 Speaker 2: sliding at the end of last year. But at down 98 00:05:06,760 --> 00:05:09,880 Speaker 2: point nine percent. The ones we really care about, the 99 00:05:10,160 --> 00:05:12,400 Speaker 2: ones we sell the most of skim milk powder up 100 00:05:12,440 --> 00:05:15,840 Speaker 2: five point two, whole milk powder though downpoint are sorry 101 00:05:15,880 --> 00:05:20,000 Speaker 2: down four and mozzarella is up just to half a percent. 102 00:05:20,400 --> 00:05:24,760 Speaker 2: Brian Bread Resources Minister Shane Jones putting money into Geo 103 00:05:24,800 --> 00:05:27,520 Speaker 2: Thermal with a plan to double generation by twenty forty 104 00:05:27,560 --> 00:05:30,960 Speaker 2: to fifty million has been set aside, nearly half already 105 00:05:30,960 --> 00:05:34,560 Speaker 2: committed It includes loans for new plants and Cowardo and 106 00:05:34,600 --> 00:05:38,120 Speaker 2: funding for exploration in the Bay of Plenty. Ste Hamilton 107 00:05:38,320 --> 00:05:40,960 Speaker 2: is the Mercury Energy CEO and joins me this morning. Morning, 108 00:05:41,000 --> 00:05:44,040 Speaker 2: step Good morning Ryan. Good to have you on the show. 109 00:05:44,279 --> 00:05:45,600 Speaker 2: What did you think of the announcement. 110 00:05:46,880 --> 00:05:50,560 Speaker 8: It's exciting. We're a massive supporter of gssemill keep part 111 00:05:50,600 --> 00:05:53,039 Speaker 8: of our energy portfolio and we think it's got a 112 00:05:53,080 --> 00:05:55,279 Speaker 8: great role to play in the future of the Zealand 113 00:05:55,360 --> 00:05:56,279 Speaker 8: celtrist industry. 114 00:05:56,440 --> 00:05:58,800 Speaker 2: You've just opened a new unit at your plant, haven't you? 115 00:05:59,000 --> 00:06:01,400 Speaker 2: And done it in two years? Built it in two years? 116 00:06:01,440 --> 00:06:05,280 Speaker 2: Are they easy to build? They can be quite challenging. 117 00:06:05,360 --> 00:06:08,320 Speaker 8: It depends on how well you know the resource or 118 00:06:08,320 --> 00:06:10,479 Speaker 8: where the hot rock and where the porous rock is 119 00:06:10,520 --> 00:06:13,120 Speaker 8: to be able to pull the hot water out of 120 00:06:13,120 --> 00:06:15,200 Speaker 8: the ground and plug it into your plant. So but 121 00:06:15,279 --> 00:06:17,800 Speaker 8: for us, that the natan Riki plant that we opened yesterday, 122 00:06:17,839 --> 00:06:20,240 Speaker 8: that that took from the moment that when you sort 123 00:06:20,279 --> 00:06:22,080 Speaker 8: of spark the idea to the moment we sparked the 124 00:06:22,120 --> 00:06:24,599 Speaker 8: electrons into the grid. This less than two years, which 125 00:06:24,640 --> 00:06:26,000 Speaker 8: is which is a really great project. 126 00:06:26,240 --> 00:06:29,800 Speaker 2: We struggle to build roundabouts in that timeframe. What how 127 00:06:29,800 --> 00:06:31,840 Speaker 2: do you how do you find the hot rock versus 128 00:06:31,839 --> 00:06:33,720 Speaker 2: the poorest rock? Like, is that the hard part? 129 00:06:34,640 --> 00:06:36,240 Speaker 8: That is the hard part, and that was part of 130 00:06:36,360 --> 00:06:38,479 Speaker 8: It's a big part of this gfm OR strategy is 131 00:06:38,520 --> 00:06:42,120 Speaker 8: helping to de risk that initial upfront finding of the 132 00:06:42,160 --> 00:06:45,200 Speaker 8: hot rock because gfm will really needs when you're tapping 133 00:06:45,240 --> 00:06:47,440 Speaker 8: into the Earth's battery, you need to find this hot rock. 134 00:06:47,520 --> 00:06:50,039 Speaker 8: That also needs to be porous because what you're doing 135 00:06:50,120 --> 00:06:52,360 Speaker 8: is you're pulling hot water out of the ground. You 136 00:06:52,440 --> 00:06:55,360 Speaker 8: knew that hot water to flow past that porous hot rock, 137 00:06:55,400 --> 00:06:58,200 Speaker 8: and so that kind of exploration drilling is really a 138 00:06:58,279 --> 00:07:01,120 Speaker 8: key cost up front that has been sort of helped 139 00:07:01,160 --> 00:07:02,280 Speaker 8: and dear risks through this plan. 140 00:07:02,800 --> 00:07:05,719 Speaker 2: How do you so, why does it need government money 141 00:07:05,720 --> 00:07:08,279 Speaker 2: to do it? Is it because otherwise it would be 142 00:07:08,279 --> 00:07:10,440 Speaker 2: too expensive for you to go looking for hot rock. 143 00:07:11,560 --> 00:07:13,880 Speaker 8: That's right, when you're drilling a whole. The toles are 144 00:07:14,200 --> 00:07:16,600 Speaker 8: talking about drilling, they're about twenty million dollars a hole, 145 00:07:17,320 --> 00:07:19,360 Speaker 8: and you need to find about it needs to drill 146 00:07:19,400 --> 00:07:22,520 Speaker 8: about twenty to maybe about twenty of those holes for 147 00:07:22,560 --> 00:07:25,440 Speaker 8: a gfm OR field. So you're talking about a massive 148 00:07:25,480 --> 00:07:28,640 Speaker 8: investment to actually do exploration and it's quite possible that 149 00:07:28,680 --> 00:07:30,880 Speaker 8: when you invest at three or four hundred million that 150 00:07:30,920 --> 00:07:33,120 Speaker 8: you might not find the rock that you need. So 151 00:07:33,320 --> 00:07:36,400 Speaker 8: it is exploration and that's where this money can help. 152 00:07:36,680 --> 00:07:38,840 Speaker 2: How much do you empower? Will we get out of 153 00:07:38,840 --> 00:07:40,520 Speaker 2: this new unit that you've started? 154 00:07:41,800 --> 00:07:43,800 Speaker 8: The power it's coming out when you combine that whole 155 00:07:43,840 --> 00:07:48,080 Speaker 8: site that produces enough electricity to power about one hundred 156 00:07:48,080 --> 00:07:51,400 Speaker 8: and fifty thousand houses, which is equivalent of christych So 157 00:07:52,040 --> 00:07:56,040 Speaker 8: these gentle plants can provide significant power. But also the 158 00:07:56,120 --> 00:07:58,400 Speaker 8: really good thing about them is it provides a twenty 159 00:07:58,400 --> 00:08:00,360 Speaker 8: four to seven so it doesn't matter what the season's 160 00:08:00,360 --> 00:08:03,320 Speaker 8: are doing or what the weather's doing. It just produces clean, 161 00:08:03,480 --> 00:08:05,840 Speaker 8: reliable energy twenty four hours a day. 162 00:08:06,160 --> 00:08:08,280 Speaker 2: Just finally, I know that prices are going up for 163 00:08:08,320 --> 00:08:11,800 Speaker 2: your customers nearly ten percent on average from first of April. 164 00:08:11,840 --> 00:08:14,280 Speaker 2: Are you going to increase that any further this year 165 00:08:14,400 --> 00:08:16,160 Speaker 2: or are you going to do it in April next year? 166 00:08:17,600 --> 00:08:21,080 Speaker 8: Nor reassss it every year, So we'll reassess it an 167 00:08:21,120 --> 00:08:23,800 Speaker 8: April year next year. And that really takes it to 168 00:08:23,800 --> 00:08:26,040 Speaker 8: account a few things, one of which is the wholesale 169 00:08:26,040 --> 00:08:28,960 Speaker 8: price of electricity, but also it takes into account what's 170 00:08:28,960 --> 00:08:32,040 Speaker 8: happening with lions charges and transmission costs because there's a 171 00:08:32,080 --> 00:08:34,160 Speaker 8: fair amount of investments going on to that and new 172 00:08:34,200 --> 00:08:34,920 Speaker 8: yeand at the moment or. 173 00:08:34,880 --> 00:08:37,680 Speaker 2: Two, appreciate your time. Ste At Hamilton, Chief Executive At 174 00:08:37,720 --> 00:08:42,240 Speaker 2: Mercury time is sixteen after five, Bryan Bridge. Beefments. Everyone's 175 00:08:42,280 --> 00:08:45,120 Speaker 2: talking about beefments and the only thing that's good on 176 00:08:45,200 --> 00:08:47,800 Speaker 2: is toast. In my opinion, Well, unless you're having a hamburger, 177 00:08:47,880 --> 00:08:50,520 Speaker 2: I suppose, and that's part of the problem. That's why 178 00:08:50,640 --> 00:08:53,559 Speaker 2: this price is going up four dollars sixty a kilo 179 00:08:53,679 --> 00:08:57,160 Speaker 2: in a year is because the Americans love a hamburger. 180 00:08:57,280 --> 00:08:59,720 Speaker 2: We export most of it. I think eighty percent of 181 00:08:59,760 --> 00:09:04,400 Speaker 2: our gets exported. And you've got weak global supply, herd 182 00:09:04,480 --> 00:09:07,200 Speaker 2: numbers down in the US, heard numbers down in Australia. 183 00:09:07,280 --> 00:09:10,240 Speaker 2: When you have strong demand, then you have a reduction 184 00:09:10,320 --> 00:09:12,640 Speaker 2: and supply you have an increase in price. We will 185 00:09:12,679 --> 00:09:14,600 Speaker 2: talk about that with began zed later in the show too, 186 00:09:14,640 --> 00:09:18,520 Speaker 2: seventeen after five and coming up next we I've got 187 00:09:18,520 --> 00:09:21,719 Speaker 2: more numbers for you from yesterday. But also I want 188 00:09:21,720 --> 00:09:26,120 Speaker 2: to talk to you about China and the students because 189 00:09:26,160 --> 00:09:30,240 Speaker 2: the average student coming from China spends more than students 190 00:09:30,280 --> 00:09:34,000 Speaker 2: coming here from India or basically anywhere else. But we're 191 00:09:34,040 --> 00:09:37,560 Speaker 2: in a global fight for them. There's some competition heading up. 192 00:09:37,559 --> 00:09:38,600 Speaker 2: We'll talk about that next. 193 00:09:39,200 --> 00:09:42,520 Speaker 1: News and Views you Trust to start your day. It's 194 00:09:42,640 --> 00:09:46,760 Speaker 1: early edition with Ryan Bridge and One Room Love where 195 00:09:46,760 --> 00:09:47,120 Speaker 1: you Live. 196 00:09:47,400 --> 00:09:50,000 Speaker 2: News talks had been twenty after five. I cannot in 197 00:09:50,040 --> 00:09:53,120 Speaker 2: good conscience support the ongoing war in Iran. This is 198 00:09:53,200 --> 00:09:56,240 Speaker 2: the words of Joe Kent, director of National counter Terrorism 199 00:09:56,360 --> 00:09:58,920 Speaker 2: Center in the US. You put a social media post up, 200 00:09:58,960 --> 00:10:01,200 Speaker 2: he says, I can't do this. There was no threat 201 00:10:01,240 --> 00:10:05,800 Speaker 2: from Iran to our nation, so I'm quitting. Trump's just responded, well, I. 202 00:10:05,760 --> 00:10:07,319 Speaker 3: Read a sab and I always thought it was a 203 00:10:07,400 --> 00:10:09,959 Speaker 3: nice gaye, but I always thought he was weak. 204 00:10:09,760 --> 00:10:14,600 Speaker 2: On forgive me here he is again. 205 00:10:14,679 --> 00:10:16,280 Speaker 3: Well, I read his sab and I always thought he 206 00:10:16,320 --> 00:10:18,360 Speaker 3: was a nice guy, but I always thought he was 207 00:10:18,520 --> 00:10:23,199 Speaker 3: weak on security, very weak on security. I didn't know 208 00:10:23,240 --> 00:10:25,640 Speaker 3: him well, but I thought it seemed like a pretty 209 00:10:25,679 --> 00:10:29,760 Speaker 3: nice guy. But when I read a statement, I realized 210 00:10:29,800 --> 00:10:32,880 Speaker 3: that it's a good thing that he's out, because he 211 00:10:32,960 --> 00:10:37,440 Speaker 3: said that Iran was not a threat. Iran was a threat. 212 00:10:37,679 --> 00:10:40,080 Speaker 3: Every country realized what a threat. 213 00:10:39,880 --> 00:10:42,000 Speaker 2: Around was there you go, that's Trump a few minutes 214 00:10:42,040 --> 00:10:46,240 Speaker 2: ago at the White House Bridge. We're in a global scramble. 215 00:10:46,280 --> 00:10:49,120 Speaker 2: For Chinese students, stakes are quite high as well. China 216 00:10:49,160 --> 00:10:52,440 Speaker 2: still makes up about thirty five percent of our international students. 217 00:10:52,480 --> 00:10:55,280 Speaker 2: That's a third of the three and a half billion 218 00:10:55,320 --> 00:10:58,680 Speaker 2: dollar industry. But fewer young people in China, as you know, 219 00:10:58,840 --> 00:11:02,600 Speaker 2: more countries competing pipeline under pressure. Alistair Crozier is with 220 00:11:02,679 --> 00:11:06,040 Speaker 2: the New Zealand China Council Executive director. Alistair good morning, 221 00:11:06,960 --> 00:11:09,240 Speaker 2: Good morning Ryans. Have we got lots of competition? Who 222 00:11:09,240 --> 00:11:12,640 Speaker 2: are we talking the Aussies, Canada, the US. 223 00:11:13,440 --> 00:11:15,680 Speaker 9: That used to be the competition. We always focused on 224 00:11:15,760 --> 00:11:19,840 Speaker 9: those traditional destinations. But what we're finding now is that 225 00:11:19,960 --> 00:11:24,800 Speaker 9: sort of Big four English speaking countries have expanded into 226 00:11:24,840 --> 00:11:29,280 Speaker 9: about fourteen. They include countries in Asia like Singapore, countries 227 00:11:29,280 --> 00:11:32,720 Speaker 9: and continental Europe like Germany and France. So yes, it 228 00:11:32,840 --> 00:11:34,320 Speaker 9: is a very cosive market. 229 00:11:34,800 --> 00:11:36,479 Speaker 2: So what do we do to stay competitive? 230 00:11:38,400 --> 00:11:40,760 Speaker 9: Well, look, there's a number of things New Zealand's doing. 231 00:11:40,840 --> 00:11:45,199 Speaker 9: The first is we have to ensure that our visa 232 00:11:45,280 --> 00:11:51,079 Speaker 9: settings and these are processing times remain world class. We 233 00:11:51,240 --> 00:11:55,040 Speaker 9: have to be more flexible in what we're delivering. Chinese 234 00:11:55,040 --> 00:11:58,680 Speaker 9: families are now asking for more education delivery up in China, 235 00:11:58,880 --> 00:12:00,640 Speaker 9: and so we have to be on top of that 236 00:12:00,800 --> 00:12:03,640 Speaker 9: trend and respond to that. And we're doing well there. 237 00:12:05,360 --> 00:12:09,679 Speaker 9: And we also have to present a wider value proposition. 238 00:12:09,760 --> 00:12:11,760 Speaker 9: You know, it's not just what's in the classroom, but 239 00:12:11,800 --> 00:12:16,040 Speaker 9: what happens after the final exam. What can we do 240 00:12:16,120 --> 00:12:20,480 Speaker 9: to maintain those students in our country to grow our productivities. 241 00:12:20,920 --> 00:12:23,600 Speaker 2: How much of it is about the reputation of our 242 00:12:23,720 --> 00:12:26,920 Speaker 2: education versus US as a destination or a place to 243 00:12:27,000 --> 00:12:27,439 Speaker 2: be living. 244 00:12:28,840 --> 00:12:31,559 Speaker 9: I think it's a mix of everything. I think if 245 00:12:31,600 --> 00:12:35,400 Speaker 9: you ask the sector, they will say in China we 246 00:12:35,440 --> 00:12:40,160 Speaker 9: are not regarded as a premium education delivery based on 247 00:12:40,320 --> 00:12:43,960 Speaker 9: global rankings, but that is it's a bit skewed because 248 00:12:44,000 --> 00:12:46,560 Speaker 9: that's because of our small scale and a lot of 249 00:12:46,559 --> 00:12:50,960 Speaker 9: these rankings are calculated by the number of PhDs or 250 00:12:51,000 --> 00:12:54,680 Speaker 9: the number of US and that where we perform really 251 00:12:54,720 --> 00:13:01,080 Speaker 9: well is in safety and you know, geopolitical students. It's 252 00:13:01,320 --> 00:13:04,120 Speaker 9: tough for a Chinese student heading to the States these days. 253 00:13:04,840 --> 00:13:08,400 Speaker 9: Parents don't want to risk that. And we also compete 254 00:13:08,440 --> 00:13:13,640 Speaker 9: really really well on lifestyle in clean environment, great things 255 00:13:13,640 --> 00:13:16,520 Speaker 9: to do here, so it's a total value package. 256 00:13:17,000 --> 00:13:19,079 Speaker 2: Alistair, I appreciate your time this morning. Thanks for being 257 00:13:19,080 --> 00:13:22,199 Speaker 2: with me. Alistair Crozier, the New Zealand China Council executive Director. 258 00:13:22,200 --> 00:13:26,959 Speaker 2: It's twenty three minutes after five Bridge. Now to everybody 259 00:13:26,960 --> 00:13:30,320 Speaker 2: who's texting and about Chippy, why aren't you talking about Chippy? 260 00:13:30,640 --> 00:13:35,840 Speaker 2: What's to say? You know what's to say? There's everybody 261 00:13:35,880 --> 00:13:39,480 Speaker 2: knows what the allegations are. Everybody has seen his response. 262 00:13:39,840 --> 00:13:41,720 Speaker 2: I mean it's not it's not nice to look at 263 00:13:41,720 --> 00:13:44,000 Speaker 2: someone crying at parliament. Is that it's a bit ugly, 264 00:13:44,120 --> 00:13:46,319 Speaker 2: it's a bit messy, it's a bit personal, it's a 265 00:13:46,400 --> 00:13:49,560 Speaker 2: bit their business. Doesn't mean only I've got them on 266 00:13:49,559 --> 00:13:52,040 Speaker 2: my show later on in the Herald. I'll definitely ask 267 00:13:52,080 --> 00:13:55,480 Speaker 2: him questions about it, don't don't you know? Don't think 268 00:13:55,520 --> 00:13:58,360 Speaker 2: I won't. But what do you what do we want 269 00:13:58,360 --> 00:14:01,040 Speaker 2: from this? What are we going to get from this? 270 00:14:01,440 --> 00:14:06,120 Speaker 2: Do we think he's a bad person because something might 271 00:14:06,160 --> 00:14:09,079 Speaker 2: have happened during a breakup in a relationship. Who hasn't 272 00:14:09,120 --> 00:14:13,440 Speaker 2: had a messy breakup in a relationship. He has denied 273 00:14:13,600 --> 00:14:18,320 Speaker 2: that there was situation going on with an intern What 274 00:14:18,320 --> 00:14:20,760 Speaker 2: more do we want? Would be my question? Twenty four 275 00:14:20,800 --> 00:14:23,200 Speaker 2: after five News TALKSB the early. 276 00:14:23,160 --> 00:14:26,560 Speaker 1: Edition full the show podcast on Imart Radio. How It 277 00:14:26,680 --> 00:14:28,320 Speaker 1: by NEWSTALKSB. 278 00:14:29,440 --> 00:14:32,400 Speaker 2: Five twenty six News TALKSB. This is a message toward you, 279 00:14:32,520 --> 00:14:35,160 Speaker 2: Jerry can fillers out there going down to the petrol 280 00:14:35,240 --> 00:14:40,120 Speaker 2: stations and pumping it into filling your boots. Panic buying 281 00:14:40,160 --> 00:14:42,600 Speaker 2: does the opposite of what you are trying to achieve. 282 00:14:42,760 --> 00:14:45,200 Speaker 2: The more you panic, the bigger the chance of a shortage. 283 00:14:45,240 --> 00:14:47,480 Speaker 2: The bigger the chance of a shortage, the more expensive 284 00:14:47,480 --> 00:14:51,120 Speaker 2: this whole thing becomes. Yes, we have basically lost twenty 285 00:14:51,160 --> 00:14:53,840 Speaker 2: percent of the world's all supply, but that means we 286 00:14:53,840 --> 00:14:55,880 Speaker 2: still have eighty percent, isn't it. Let's look on the 287 00:14:55,880 --> 00:14:59,840 Speaker 2: bright side, glass half full. We're more affected here, of course, 288 00:15:00,000 --> 00:15:02,200 Speaker 2: because of the Asian refineries, but if you listen to 289 00:15:02,240 --> 00:15:05,520 Speaker 2: the oil analysts and the importers, the message is pretty simple. 290 00:15:06,040 --> 00:15:10,400 Speaker 2: The current price spikes are more likely to be affected 291 00:15:10,440 --> 00:15:13,680 Speaker 2: by panic buying and perhaps even price garging by the 292 00:15:13,880 --> 00:15:18,800 Speaker 2: petrol stations than by an actual supply shortage. So we 293 00:15:19,000 --> 00:15:22,640 Speaker 2: just need to one keep calm, stay cool, two keep 294 00:15:22,640 --> 00:15:25,680 Speaker 2: the petrol stations. Honest, in longer term, we need to 295 00:15:25,680 --> 00:15:28,960 Speaker 2: look at storage. Marsden Point is doing this building more 296 00:15:29,040 --> 00:15:32,480 Speaker 2: and trying to build more. When you close down a refinery, 297 00:15:32,520 --> 00:15:34,360 Speaker 2: the problem is you get less storage as a result. 298 00:15:34,400 --> 00:15:37,440 Speaker 2: Australia now has two refineries left in operation. Twenty years 299 00:15:37,480 --> 00:15:40,480 Speaker 2: ago they had eight. That's affected their ability to store 300 00:15:40,520 --> 00:15:44,080 Speaker 2: as well. Our oil reserves are not actually massive by 301 00:15:44,120 --> 00:15:47,280 Speaker 2: international standards, so we need to store more in the future. 302 00:15:47,400 --> 00:15:51,760 Speaker 2: Japan has two hundred and fifty days of storage of reserves, 303 00:15:52,120 --> 00:15:55,040 Speaker 2: South Korea has two hundred days, China one hundred and twenty, 304 00:15:55,120 --> 00:15:57,600 Speaker 2: India fifty to sixty. New Zealand a month and a 305 00:15:57,600 --> 00:16:03,240 Speaker 2: month on the water. Eventually, you would hope the oil 306 00:16:03,320 --> 00:16:05,680 Speaker 2: producers who aren't affected by what's going on in the 307 00:16:05,680 --> 00:16:08,640 Speaker 2: Middle East will up supply, including the US, and they 308 00:16:08,640 --> 00:16:11,520 Speaker 2: will raise their output and you'll have some probably more 309 00:16:11,560 --> 00:16:14,880 Speaker 2: embargoes lifted on Russian oil. They'll be loosened and we'll 310 00:16:14,880 --> 00:16:18,080 Speaker 2: get more that way. Until then, let's not create a 311 00:16:18,120 --> 00:16:20,840 Speaker 2: self fulfilling prophecy and leave the Jerry Cans at home. 312 00:16:21,280 --> 00:16:25,000 Speaker 2: Bryan Bridge, twenty eight minutes after five, Trump, by the way, 313 00:16:25,520 --> 00:16:28,280 Speaker 2: is talking about taking Cuba. 314 00:16:29,000 --> 00:16:32,040 Speaker 3: I do believe I'll be the honor of taking Cuba, 315 00:16:32,080 --> 00:16:34,560 Speaker 3: taking Cube in some form, you know, taking Guber. 316 00:16:34,640 --> 00:16:37,760 Speaker 1: I mean whether I free it, take it. 317 00:16:38,240 --> 00:16:39,880 Speaker 3: I think I could do it anything I want with it. 318 00:16:39,920 --> 00:16:44,560 Speaker 2: You want to know the truth, Okay, So that's he said. Basically, 319 00:16:44,680 --> 00:16:47,560 Speaker 2: I can do whatever I want after a run. So 320 00:16:47,600 --> 00:16:51,320 Speaker 2: it's all It's open season on whoever might be a 321 00:16:51,440 --> 00:16:54,280 Speaker 2: communist regime looking a little shaky with a power blackout 322 00:16:54,360 --> 00:16:58,920 Speaker 2: right now, very quickly. Lots of feedback on Chris Hopkins, 323 00:17:00,080 --> 00:17:03,640 Speaker 2: Ryan one hundred percent re Chippy, who hasn't been through 324 00:17:03,640 --> 00:17:06,159 Speaker 2: a messy breakup? Leave them alone. I think this country 325 00:17:06,200 --> 00:17:08,800 Speaker 2: has bigger fish to fry. I think there is there 326 00:17:08,840 --> 00:17:10,879 Speaker 2: are bigger fish to fry. There are a lot bigger 327 00:17:10,880 --> 00:17:14,720 Speaker 2: fish to fry. And seeing Chris Hopkins crying at Parliament, 328 00:17:15,800 --> 00:17:18,840 Speaker 2: I mean, does that make anyone happy? You know? Like, 329 00:17:18,960 --> 00:17:22,360 Speaker 2: is this anyone on the right of politics who enjoys 330 00:17:22,359 --> 00:17:25,560 Speaker 2: seeing that? I don't think so. And what is the 331 00:17:25,640 --> 00:17:29,880 Speaker 2: legitimate question that you would ask News Talk ZB Where 332 00:17:29,880 --> 00:17:32,760 Speaker 2: to the b n Z and the UK next. 333 00:17:41,920 --> 00:17:44,520 Speaker 1: The news you need this morning and the in depth 334 00:17:44,520 --> 00:17:49,040 Speaker 1: analysis early edition with Ryan Bridge and One Room Love. 335 00:17:49,080 --> 00:18:00,679 Speaker 2: Where you live News talks EDB pretty far away. We 336 00:18:00,800 --> 00:18:03,720 Speaker 2: just talk said beef mints, then oil inflation with Mike 337 00:18:03,800 --> 00:18:06,480 Speaker 2: Jones from the B and Z's Before six Gavin Graham 338 00:18:06,560 --> 00:18:09,439 Speaker 2: the UK for US. Robbie Williams is coming to New Zealand, 339 00:18:09,480 --> 00:18:12,880 Speaker 2: going to christ Church's News Stadium. That's pretty cool. I've 340 00:18:12,880 --> 00:18:15,560 Speaker 2: been to a press conference with Robbie Williams once years 341 00:18:15,600 --> 00:18:18,760 Speaker 2: ago at the Northern Club, you know where people who 342 00:18:18,840 --> 00:18:20,879 Speaker 2: hate New Zealand first light to go have a wine 343 00:18:20,960 --> 00:18:23,480 Speaker 2: of an evening, went to the Northern Club, went to 344 00:18:23,520 --> 00:18:28,240 Speaker 2: the press conference. Very entertaining guy, literally, as the song says, 345 00:18:28,640 --> 00:18:32,119 Speaker 2: very entertaining guy. Quite a you know, as you know, 346 00:18:32,200 --> 00:18:35,400 Speaker 2: quite a storied history and more recently has had been 347 00:18:35,440 --> 00:18:38,320 Speaker 2: in the headlines for some weird stuff like ozempic and 348 00:18:38,359 --> 00:18:40,359 Speaker 2: a whole bunch of things. Anyway, he's coming to New 349 00:18:40,440 --> 00:18:44,600 Speaker 2: Zealand and will be the opening popping the cherry of 350 00:18:44,680 --> 00:18:47,560 Speaker 2: the new christ Stadium as the International Act. So that's 351 00:18:47,560 --> 00:18:53,280 Speaker 2: pretty cool. Lots of texts about Chippy Ryan, the Chippy situation, 352 00:18:53,520 --> 00:18:56,320 Speaker 2: and there's so many different views on this. Someone says 353 00:18:56,560 --> 00:19:00,240 Speaker 2: Adrian says, yes, I enjoy seeing that monster crying Arlam 354 00:19:00,240 --> 00:19:02,520 Speaker 2: and it's made me very happy. Adrian, I think that's 355 00:19:02,520 --> 00:19:06,720 Speaker 2: a bit sad. And this other Texter makes the point. Ryan, 356 00:19:07,320 --> 00:19:10,719 Speaker 2: the COVID years, his performance as a minister, it was 357 00:19:10,960 --> 00:19:15,760 Speaker 2: so dark, so horrible, so awful that seeing him getting 358 00:19:15,840 --> 00:19:18,280 Speaker 2: something back, I just don't think that's a good way 359 00:19:18,320 --> 00:19:21,560 Speaker 2: to live your life. You know, this is a personal 360 00:19:21,560 --> 00:19:24,440 Speaker 2: thing that's going on. Clearly doesn't mean you don't ask 361 00:19:24,520 --> 00:19:26,680 Speaker 2: questions about it, but I just don't think that that's 362 00:19:26,720 --> 00:19:29,920 Speaker 2: a healthy way to be thinking about the whole thing. Ryan, 363 00:19:29,960 --> 00:19:33,119 Speaker 2: would you want a super emotional prime minister like Chippy 364 00:19:33,200 --> 00:19:36,439 Speaker 2: crying in public all the time? Well, he wouldn't be 365 00:19:36,480 --> 00:19:39,199 Speaker 2: the first prime minister to cry, and he wouldn't be 366 00:19:39,240 --> 00:19:42,679 Speaker 2: the first leader to shed a tear. Is there something 367 00:19:43,240 --> 00:19:46,600 Speaker 2: wrong with getting emotional? I mean, I don't know if 368 00:19:46,640 --> 00:19:48,159 Speaker 2: something like that was happening to you, and it was 369 00:19:48,160 --> 00:19:50,639 Speaker 2: happening in public, and it was happening in real time, 370 00:19:51,320 --> 00:19:52,720 Speaker 2: would you not maybe shed a tear? 371 00:19:52,760 --> 00:19:52,840 Speaker 5: Too? 372 00:19:55,080 --> 00:19:55,320 Speaker 2: Bad? 373 00:19:55,440 --> 00:19:55,640 Speaker 1: Rich? 374 00:19:55,760 --> 00:19:58,840 Speaker 2: Twenty two away from six Right, let's go to Jamie 375 00:19:58,920 --> 00:20:00,200 Speaker 2: Denied and Jamie Goodmore. 376 00:20:00,680 --> 00:20:01,240 Speaker 10: Good morning. 377 00:20:01,400 --> 00:20:03,199 Speaker 2: What's happening at otago Uni? 378 00:20:03,920 --> 00:20:07,479 Speaker 10: Well, otago Uni was ready to go on, starting the 379 00:20:07,480 --> 00:20:12,680 Speaker 10: postgraduate diploma for Psychologists Assistance last month, but it's had 380 00:20:12,680 --> 00:20:15,760 Speaker 10: to push that out a year because it's Psychologists Board 381 00:20:15,760 --> 00:20:20,280 Speaker 10: application wasn't accredited in time. Now the sectors strongly resisted 382 00:20:20,280 --> 00:20:24,480 Speaker 10: the plan, fearing psychology assistance could replace the more rigorously 383 00:20:24,560 --> 00:20:29,199 Speaker 10: trained psychologist workforce. It suggests attention should instead turn to 384 00:20:29,240 --> 00:20:33,520 Speaker 10: why psychologists are leaving the public system. However, Mental Health 385 00:20:33,560 --> 00:20:37,199 Speaker 10: Minister Matt Doocey claims the move will reduce vacancies and 386 00:20:37,280 --> 00:20:42,000 Speaker 10: wait times and improve outcomes. How's the weather rain developing 387 00:20:42,000 --> 00:20:46,280 Speaker 10: this morning, clearing early afternoon but remaining cloudy. Northeasterly is 388 00:20:46,359 --> 00:20:49,040 Speaker 10: changing southeast lees and are high of. 389 00:20:48,960 --> 00:20:51,800 Speaker 2: Twenty All right, let's go to clear in christ Its morning, clear, 390 00:20:52,119 --> 00:20:56,120 Speaker 2: Good morning. So what's this gang thing happening last month? 391 00:20:56,600 --> 00:20:59,480 Speaker 7: Yeah, there's an update in this story. We basically have 392 00:20:59,800 --> 00:21:02,760 Speaker 7: three three men who have had charges upgraded to murder 393 00:21:02,960 --> 00:21:05,520 Speaker 7: following this gang at altercation that happened in the suburb 394 00:21:05,560 --> 00:21:09,320 Speaker 7: of Northcote last month. Robert high Mona who was battling 395 00:21:09,480 --> 00:21:12,040 Speaker 7: cancer at the time, He died in hospital following the 396 00:21:12,080 --> 00:21:15,320 Speaker 7: attack on February twenty five, eight days after he was 397 00:21:15,359 --> 00:21:18,680 Speaker 7: injured in the altercation. The details of the altercation remain 398 00:21:18,720 --> 00:21:20,639 Speaker 7: a bit sketchy, but we do know that there was 399 00:21:20,680 --> 00:21:22,760 Speaker 7: a firearm involved and it was at a property on 400 00:21:22,840 --> 00:21:26,320 Speaker 7: Howani Street. During the hearing in court yesterday, a person 401 00:21:26,359 --> 00:21:29,879 Speaker 7: in the public gallery became angry, gesturing furiously at the 402 00:21:29,920 --> 00:21:34,919 Speaker 7: courtroom screen and shouting at the defendants. Now, the trio 403 00:21:35,040 --> 00:21:38,640 Speaker 7: were previously charged with aggravated robbery as well as wounding 404 00:21:39,520 --> 00:21:42,800 Speaker 7: high Mona. They've been granted interim name suppression and have 405 00:21:42,920 --> 00:21:44,440 Speaker 7: also been remanded in custody. 406 00:21:44,560 --> 00:21:45,720 Speaker 2: All right, how's the weather there? 407 00:21:45,720 --> 00:21:48,960 Speaker 7: Clear CLARNEI with occasional rain about from this morning. Should 408 00:21:48,960 --> 00:21:52,880 Speaker 7: clear this afternoon northerly changing southerly and a high twenty four. 409 00:21:53,080 --> 00:21:56,119 Speaker 2: Enjoy the day, Max and Wellington Morning, Max, good morning. 410 00:21:56,520 --> 00:22:01,159 Speaker 2: Questions about this more point inquiry in the post this morning? 411 00:22:01,600 --> 00:22:04,560 Speaker 11: About this five hundred five thousand I should say three 412 00:22:04,680 --> 00:22:07,400 Speaker 11: hundred and sixty five dollars a day Crown review into 413 00:22:07,960 --> 00:22:10,879 Speaker 11: more points sewage disaster, of which we've heard very little. 414 00:22:11,200 --> 00:22:14,560 Speaker 11: It is headed by a former Wellington Water director who 415 00:22:14,600 --> 00:22:18,000 Speaker 11: was a director for a year, which we weren't entirely 416 00:22:18,040 --> 00:22:21,040 Speaker 11: aware of before. It's not expected to determine the mechanical 417 00:22:21,160 --> 00:22:24,480 Speaker 11: or technical cause of the wastewater plant's failure. We still 418 00:22:24,520 --> 00:22:26,720 Speaker 11: have no idea why this thing happened, when it's going 419 00:22:26,760 --> 00:22:28,920 Speaker 11: to stop, when the smell's going to stop, the lack 420 00:22:28,960 --> 00:22:33,080 Speaker 11: of communication and clear answers is really starting to frustrate 421 00:22:33,160 --> 00:22:33,760 Speaker 11: some locals. 422 00:22:33,760 --> 00:22:34,800 Speaker 2: So what is this review? 423 00:22:34,840 --> 00:22:37,880 Speaker 11: An expensive way to say we're doing something, an expensive 424 00:22:37,880 --> 00:22:39,760 Speaker 11: way for the council and Wellington Water to shift the 425 00:22:39,800 --> 00:22:41,040 Speaker 11: focus during. 426 00:22:40,840 --> 00:22:42,439 Speaker 2: A PR disaster for a while. 427 00:22:42,680 --> 00:22:46,080 Speaker 11: The review, according to its terms, may engage with the community. 428 00:22:46,359 --> 00:22:49,639 Speaker 11: No obligation to hold hearings in public, so behind closed doors, 429 00:22:50,000 --> 00:22:53,159 Speaker 11: well paid officials are going to do. What determined that 430 00:22:53,200 --> 00:22:55,879 Speaker 11: more point needed more funding over the past few years 431 00:22:56,000 --> 00:22:58,439 Speaker 11: is that it some questions being asked at the moment. 432 00:22:58,840 --> 00:23:03,160 Speaker 11: This may how's the cloudy this morning? Find this afternoon? Gustine? 433 00:23:03,160 --> 00:23:05,960 Speaker 11: Nor the least twenty? They thank you Max, and never's 434 00:23:06,040 --> 00:23:06,560 Speaker 11: not good morning? 435 00:23:06,560 --> 00:23:08,840 Speaker 2: Never good morning, Sez. It was like watching something out 436 00:23:08,880 --> 00:23:10,720 Speaker 2: of a Hollywood movie. This police chase. 437 00:23:10,800 --> 00:23:13,199 Speaker 12: Yes, oh why, I totally agree with you. It was 438 00:23:13,200 --> 00:23:16,840 Speaker 12: like Jukes of Hazard. So four men are in custody. 439 00:23:16,920 --> 00:23:19,919 Speaker 12: This is after a home invasion and a collision filled 440 00:23:20,000 --> 00:23:23,199 Speaker 12: race right across Auckland. Now it started with police. Now 441 00:23:23,240 --> 00:23:25,600 Speaker 12: they were called to how It's bleak House Road and 442 00:23:25,640 --> 00:23:27,600 Speaker 12: it was very bleak, I can tell you. It happened 443 00:23:27,640 --> 00:23:30,080 Speaker 12: about three yesterday afternoon. They were told that the offenders 444 00:23:30,119 --> 00:23:33,720 Speaker 12: there they had a machete. Then a Ford Ranger was stolen, 445 00:23:34,119 --> 00:23:37,520 Speaker 12: driven through Autata, Monaco, up the motorway into central Auckland, 446 00:23:37,560 --> 00:23:40,760 Speaker 12: into Queen Street, finally stopped on K Road. I saw 447 00:23:40,800 --> 00:23:44,119 Speaker 12: those cars up K Road and this included driving on 448 00:23:44,160 --> 00:23:46,960 Speaker 12: the wrong side of the road at speed, collisions with police, 449 00:23:47,040 --> 00:23:49,439 Speaker 12: and there were quite a few private cars vehicles that 450 00:23:49,520 --> 00:23:52,600 Speaker 12: were smacked into as well. So police are asking for 451 00:23:52,680 --> 00:23:55,400 Speaker 12: anyone whose vehicles were hit by this Ford Ranger, get 452 00:23:55,440 --> 00:23:57,280 Speaker 12: in touch, get entire right now. 453 00:23:57,400 --> 00:23:59,439 Speaker 2: I saw the video of them trying to lay police 454 00:24:00,119 --> 00:24:03,120 Speaker 2: right and they just because it was a you, they 455 00:24:03,160 --> 00:24:04,880 Speaker 2: just drove around on the grass. 456 00:24:05,760 --> 00:24:07,120 Speaker 10: I saw that video, like. 457 00:24:07,200 --> 00:24:09,520 Speaker 2: You basically bring a city to stand still when you 458 00:24:09,560 --> 00:24:10,760 Speaker 2: do something like that, don't you. 459 00:24:10,880 --> 00:24:12,560 Speaker 12: So I was thinking the same thing. 460 00:24:12,680 --> 00:24:13,560 Speaker 2: They throw the book. 461 00:24:13,800 --> 00:24:16,600 Speaker 12: Police had to, you know, widen that cord and then 462 00:24:16,640 --> 00:24:18,959 Speaker 12: shut off streets and it's okay. Road was closed off, 463 00:24:18,960 --> 00:24:21,720 Speaker 12: and I think most people in the area knew and 464 00:24:21,760 --> 00:24:24,359 Speaker 12: because they started down South and Sylvia Park and then 465 00:24:24,359 --> 00:24:26,840 Speaker 12: they were coming into the city, which is the danger zone, 466 00:24:26,880 --> 00:24:29,480 Speaker 12: and poor police had to you know, like try and 467 00:24:29,520 --> 00:24:32,200 Speaker 12: shut off as many streets as they could. But also 468 00:24:32,320 --> 00:24:36,760 Speaker 12: to people saw like fifteen to seventeen eighteen police cars 469 00:24:36,840 --> 00:24:40,760 Speaker 12: screaming through the chopper and the sky right and that's 470 00:24:40,760 --> 00:24:43,040 Speaker 12: when people were like texting social media. 471 00:24:42,960 --> 00:24:45,800 Speaker 2: All going on, hey h weather. 472 00:24:46,000 --> 00:24:48,520 Speaker 12: Fine, fine, fine fine. Twenty four is the high today? 473 00:24:48,560 --> 00:24:50,360 Speaker 12: Another great day for Dukes of Hazard Part two. 474 00:24:50,680 --> 00:24:54,280 Speaker 2: Well, let's hope not neither. Seventeen away from six News talks, 475 00:24:54,320 --> 00:24:56,600 Speaker 2: he'd be we'll get to the UK would gather next. 476 00:24:57,359 --> 00:24:59,080 Speaker 2: There's been a bit of chatter of lately about key 477 00:24:59,160 --> 00:25:03,840 Speaker 2: we savor governments, superb retirement savings more generally, and everyone's 478 00:25:03,880 --> 00:25:06,760 Speaker 2: wondering what is the landscape actually going to look like 479 00:25:06,960 --> 00:25:09,719 Speaker 2: when it's my turn to stop working. That's why it's 480 00:25:09,760 --> 00:25:12,399 Speaker 2: good to know that your keiwisaber plan is working hard 481 00:25:12,640 --> 00:25:15,440 Speaker 2: now to gain the benefits of time. 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Go to Milfordasset dot com to read 494 00:25:58,560 --> 00:26:02,560 Speaker 2: Milford's keywisavi A plan, product disclosure statement and their financial 495 00:26:02,560 --> 00:26:04,280 Speaker 2: Advice provided disclosure statement. 496 00:26:05,240 --> 00:26:09,240 Speaker 1: International correspondence with Ensign Eye Insurance, Peace of Mind for 497 00:26:09,280 --> 00:26:11,280 Speaker 1: New Zealand Business. 498 00:26:11,280 --> 00:26:13,359 Speaker 2: Mike Jones being Die and Just the Sick and First 499 00:26:13,440 --> 00:26:17,200 Speaker 2: Kevin Gray are UK Europe correspondent gvin Zelinsky in town 500 00:26:17,400 --> 00:26:21,200 Speaker 2: and there's a new defense pack signed. Yeah, it's very interesting. 501 00:26:21,320 --> 00:26:24,520 Speaker 13: This so President Blodom min Zelensky from Ukraine meeting our 502 00:26:24,560 --> 00:26:27,400 Speaker 13: Prime minister in Downing Street has also already met King 503 00:26:27,520 --> 00:26:30,000 Speaker 13: Charles and on the steps. It was funny they didn't 504 00:26:30,000 --> 00:26:32,040 Speaker 13: talk about what they were supposed to talk about. On 505 00:26:32,080 --> 00:26:34,320 Speaker 13: the steps of Downing Street, they said to the camera 506 00:26:34,480 --> 00:26:38,600 Speaker 13: that the focused must remain on Ukraine despite the Iran War. 507 00:26:38,880 --> 00:26:41,040 Speaker 13: Well one guess the feeling this was aimed at one 508 00:26:41,280 --> 00:26:44,280 Speaker 13: dj Trump, who of course has been criticized in the 509 00:26:44,400 --> 00:26:47,200 Speaker 13: UK stance and and our Prime minister yet again overnight. 510 00:26:47,680 --> 00:26:49,840 Speaker 13: The Prime Minister here said that Putin can't be the 511 00:26:49,840 --> 00:26:52,560 Speaker 13: one who benefits from a conflict in Iran, whether that's 512 00:26:52,600 --> 00:26:55,280 Speaker 13: oil prices or the dropping of sanctions. Of course, the 513 00:26:55,440 --> 00:26:59,159 Speaker 13: US is temporarily e sanctions on Russian oil in an 514 00:26:59,160 --> 00:27:02,920 Speaker 13: attempt to tackle surging prices triggered by the Middle East 515 00:27:02,920 --> 00:27:05,520 Speaker 13: conflict and Iran, which of course Donald Trump started. Now 516 00:27:05,560 --> 00:27:08,600 Speaker 13: during the meeting, the leaders agreeing as well to what 517 00:27:08,680 --> 00:27:10,520 Speaker 13: we think is going to be a new defense partnership 518 00:27:10,680 --> 00:27:15,360 Speaker 13: and the aim is to develop and tackle cheap attack drones. 519 00:27:15,680 --> 00:27:19,119 Speaker 13: So apparently they're going to use Ukrainian expertise and the 520 00:27:19,240 --> 00:27:23,680 Speaker 13: UK's industrial base to manufacture and supply drones and other capabilities, 521 00:27:23,800 --> 00:27:27,280 Speaker 13: and Britain giving a million New Zealand dollars to fund 522 00:27:27,320 --> 00:27:28,840 Speaker 13: an AI Center of Excellency in. 523 00:27:28,920 --> 00:27:32,840 Speaker 2: Kiev and tell us about the seats that no one 524 00:27:33,000 --> 00:27:33,880 Speaker 2: likes in the parks. 525 00:27:35,160 --> 00:27:37,120 Speaker 13: Well, it has become a bit of a thing around 526 00:27:37,160 --> 00:27:41,200 Speaker 13: the UK, and particularly in retirement areas, where when somebody dies, 527 00:27:41,240 --> 00:27:43,640 Speaker 13: in addition to a grave you might also pay for 528 00:27:43,720 --> 00:27:46,000 Speaker 13: a memorial bench in a park or overlooking the sea 529 00:27:46,119 --> 00:27:50,919 Speaker 13: or something like that. However, in Liverpool Hotlepool rather in 530 00:27:51,040 --> 00:27:54,840 Speaker 13: the north east of England, the councils decided they're too 531 00:27:54,840 --> 00:27:58,240 Speaker 13: many and they are now basically not going to take 532 00:27:58,280 --> 00:28:03,840 Speaker 13: any further applications for memorial benches. Instead they're suggesting tree planting. 533 00:28:03,880 --> 00:28:06,800 Speaker 13: Why well, Harleypool's not that big a place in the northeast. 534 00:28:06,840 --> 00:28:09,840 Speaker 13: It already has two hundred and seventy five existing benches, 535 00:28:10,080 --> 00:28:14,840 Speaker 13: and they say they are overwhelming public areas. People with buggies, pushchairs, 536 00:28:14,880 --> 00:28:17,639 Speaker 13: wheelchair users are saying they can't squeeze past them, and 537 00:28:17,720 --> 00:28:20,480 Speaker 13: more often than not summer adorned with flowers and with 538 00:28:20,600 --> 00:28:23,560 Speaker 13: teddy bears. One described them as more like a grade 539 00:28:23,560 --> 00:28:25,960 Speaker 13: than somewhere you might want to sit on. And another 540 00:28:26,000 --> 00:28:30,480 Speaker 13: issue with these benches has also been quite frankly, they 541 00:28:30,560 --> 00:28:34,119 Speaker 13: can restrict access for people, as we've said, but the 542 00:28:34,840 --> 00:28:38,280 Speaker 13: other element to this is that they are also really 543 00:28:38,320 --> 00:28:42,520 Speaker 13: providing quite a little bit of distraction to motorists as 544 00:28:42,560 --> 00:28:44,840 Speaker 13: well when they see brightly colored flowers and stuff left 545 00:28:44,840 --> 00:28:47,840 Speaker 13: on them. So, yeah, the Council's decided no more, at 546 00:28:47,920 --> 00:28:48,600 Speaker 13: least for the moment. 547 00:28:48,680 --> 00:28:51,800 Speaker 2: All right, sounds fair enough, that's givin gray A UK. 548 00:28:51,880 --> 00:28:54,600 Speaker 2: You're a correspondent is a living away from six Ryan 549 00:28:54,720 --> 00:28:58,080 Speaker 2: Bridgeland steak driving the laateest spike and food prices. Annual 550 00:28:58,120 --> 00:29:00,560 Speaker 2: food inflation at four and a half percent for February. 551 00:29:00,600 --> 00:29:03,400 Speaker 2: That's up from four point two percent in January. Mintce 552 00:29:03,720 --> 00:29:06,280 Speaker 2: had a record twenty four to forty six of fruit 553 00:29:06,280 --> 00:29:08,360 Speaker 2: and vegies, up nearly ten percent for the year. Mike 554 00:29:08,440 --> 00:29:11,240 Speaker 2: Jones Benz, chief economist for US This morning, Morning, Mike. 555 00:29:11,960 --> 00:29:12,480 Speaker 14: Good morning. 556 00:29:12,600 --> 00:29:15,040 Speaker 2: The beef mince thing is a basic supply demand one, 557 00:29:15,080 --> 00:29:15,400 Speaker 2: isn't it. 558 00:29:17,120 --> 00:29:19,680 Speaker 14: Yeah, the global meat prices have been on the up. 559 00:29:19,680 --> 00:29:23,560 Speaker 14: In infect beef prices are at record levels, largely driven 560 00:29:23,600 --> 00:29:27,080 Speaker 14: out of very short supply. In the US. You've got 561 00:29:27,200 --> 00:29:30,240 Speaker 14: US beef herd at the lowest level since nineteen fifty one. 562 00:29:30,320 --> 00:29:33,400 Speaker 14: You've got demand in the US and China at pretty 563 00:29:33,400 --> 00:29:37,040 Speaker 14: good sorts of levels, and that's squeezing prices up. Obviously 564 00:29:37,040 --> 00:29:39,400 Speaker 14: good for our beef producers and exporters, but but not 565 00:29:39,480 --> 00:29:40,440 Speaker 14: secret shoppers. 566 00:29:40,640 --> 00:29:43,080 Speaker 2: What does it mean for because this is the SPI, 567 00:29:43,280 --> 00:29:46,400 Speaker 2: not the CPI, So what does it mean for inflation? 568 00:29:46,480 --> 00:29:49,480 Speaker 2: Because it feeds into it, right, it does. 569 00:29:49,600 --> 00:29:51,400 Speaker 14: Yeah, I mean there's always a few sort overs and 570 00:29:51,480 --> 00:29:55,360 Speaker 14: unders in the SPI. It taken as a whole, There 571 00:29:55,440 --> 00:29:58,160 Speaker 14: wasn't anything in the number yesterday that to change our 572 00:29:58,280 --> 00:30:02,160 Speaker 14: overall inflation view. We've got a two point nine percent 573 00:30:02,600 --> 00:30:07,200 Speaker 14: CPI forecast or the first quarter that hasn't changed. Obviously, 574 00:30:07,200 --> 00:30:09,840 Speaker 14: it's been overtaken by events somewhat because we know it's 575 00:30:09,840 --> 00:30:12,240 Speaker 14: the second quarter that's really going to be at the 576 00:30:12,240 --> 00:30:14,840 Speaker 14: brunt of the spike and petrol prices that we are seeing. 577 00:30:14,920 --> 00:30:18,120 Speaker 14: So we've got three point eight percent forecast for Q 578 00:30:18,280 --> 00:30:21,960 Speaker 14: two and the inflation stays above three percent now for 579 00:30:22,040 --> 00:30:23,240 Speaker 14: the rest of the year on our. 580 00:30:23,200 --> 00:30:25,960 Speaker 2: Numbers, do you think the governments I saw some economists 581 00:30:26,040 --> 00:30:28,959 Speaker 2: es today saying the government's worst case scenario too conservative. 582 00:30:29,000 --> 00:30:31,160 Speaker 2: Do you agree with them? 583 00:30:31,840 --> 00:30:35,680 Speaker 14: On inflation? The worst case was was three point seven. 584 00:30:36,360 --> 00:30:39,360 Speaker 14: Now our central view now, as I said, is three 585 00:30:39,400 --> 00:30:43,400 Speaker 14: point eighth. So on that basis, three point seven could 586 00:30:43,480 --> 00:30:46,440 Speaker 14: be a bit light. Of course, we've we've probably had 587 00:30:46,440 --> 00:30:48,840 Speaker 14: the benefit of a few more days and maybe even 588 00:30:48,880 --> 00:30:50,800 Speaker 14: a week of information, and what we've seen in the 589 00:30:50,840 --> 00:30:53,560 Speaker 14: current environment is that forecasts and assumptions that are going 590 00:30:53,600 --> 00:30:54,880 Speaker 14: out of date pretty quickly. 591 00:30:55,720 --> 00:30:57,960 Speaker 2: You said above three for the rest of the year. 592 00:30:58,280 --> 00:31:00,000 Speaker 2: How far above three? 593 00:31:00,200 --> 00:31:00,440 Speaker 14: Four? 594 00:31:02,440 --> 00:31:03,120 Speaker 8: Not above four? 595 00:31:03,200 --> 00:31:06,760 Speaker 14: I mean, it's things are moving around. But we have 596 00:31:06,880 --> 00:31:08,920 Speaker 14: the peak in the second court at three point eight 597 00:31:08,920 --> 00:31:11,560 Speaker 14: and then coming down to just a smidge above three 598 00:31:11,680 --> 00:31:14,040 Speaker 14: by the end of this year. But as I say, 599 00:31:14,520 --> 00:31:18,040 Speaker 14: these things can and probably will change again as we 600 00:31:18,120 --> 00:31:18,480 Speaker 14: go through. 601 00:31:18,720 --> 00:31:21,000 Speaker 2: Mike, the RBA put the rate up use today, but 602 00:31:21,040 --> 00:31:23,280 Speaker 2: there are different kettle of fish with their inflation rate. 603 00:31:23,640 --> 00:31:27,000 Speaker 2: What do you think. I mean, although you're expecting inflation 604 00:31:27,080 --> 00:31:29,280 Speaker 2: to go high, does that necessarily mean the Reserve Bank 605 00:31:29,320 --> 00:31:32,720 Speaker 2: here will hike or hike higher faster or sooner? 606 00:31:35,280 --> 00:31:35,440 Speaker 8: No. 607 00:31:35,520 --> 00:31:38,440 Speaker 14: Like I think the ABA was interesting, and we know 608 00:31:38,520 --> 00:31:41,000 Speaker 14: that the Reserve Bank here, of course, is looking to 609 00:31:41,400 --> 00:31:44,720 Speaker 14: what offshore central banks do to respond to this shock. 610 00:31:44,760 --> 00:31:47,080 Speaker 14: I mean, there's a pretty live debate about what you 611 00:31:47,160 --> 00:31:49,800 Speaker 14: can and should do in response to a supply shock 612 00:31:50,760 --> 00:31:52,760 Speaker 14: like this. I think what we'll see from the Reserve 613 00:31:52,800 --> 00:31:55,880 Speaker 14: Bank of New Zealand is basically a period of watching 614 00:31:55,920 --> 00:31:58,600 Speaker 14: and waiting. They've got the luxury to some extent of 615 00:31:58,680 --> 00:32:03,160 Speaker 14: not having to meet announce interest rates for another three 616 00:32:03,160 --> 00:32:05,560 Speaker 14: weeks or so, so the will could be quite different 617 00:32:06,320 --> 00:32:09,080 Speaker 14: in three weeks time. But look, we are expecting that 618 00:32:09,200 --> 00:32:11,560 Speaker 14: a move up and industrates, but but not till much 619 00:32:11,640 --> 00:32:13,000 Speaker 14: later in the year in September. 620 00:32:13,240 --> 00:32:16,040 Speaker 2: Mike, appreciate your analysis this morning. Thank you, Mike Jones, 621 00:32:16,480 --> 00:32:19,280 Speaker 2: being z chief economists with US. It is seven away 622 00:32:19,280 --> 00:32:21,680 Speaker 2: from six news talks. There'd be Mike here next. 623 00:32:22,520 --> 00:32:25,080 Speaker 1: The first word on the News of the day early 624 00:32:25,200 --> 00:32:29,080 Speaker 1: edition with Ryan Bridge and one roof love where you 625 00:32:29,200 --> 00:32:30,680 Speaker 1: live news talks, there'd be. 626 00:32:30,880 --> 00:32:33,280 Speaker 2: Five to six news talks. There'd be Mike and the studio. 627 00:32:33,320 --> 00:32:34,840 Speaker 2: We're a little late to you this morning. 628 00:32:34,960 --> 00:32:36,920 Speaker 15: Apologies, don't apologize. 629 00:32:37,000 --> 00:32:39,200 Speaker 2: You've been busy. You changing the light bulb up there? 630 00:32:39,240 --> 00:32:39,840 Speaker 2: Yeah know, and what. 631 00:32:39,840 --> 00:32:41,720 Speaker 15: Didn't change the light bob just a just in the time. 632 00:32:41,840 --> 00:32:45,000 Speaker 15: I do a lot of maintenance around this building, off air, 633 00:32:45,240 --> 00:32:48,120 Speaker 15: just making stuff. You know, I appreciate you for granted, 634 00:32:48,440 --> 00:32:49,360 Speaker 15: I did notice this. 635 00:32:49,280 --> 00:32:52,440 Speaker 2: Morning that it was a bit glary in here. There's 636 00:32:52,480 --> 00:32:54,840 Speaker 2: a massive spotlight on me exactly. 637 00:32:54,920 --> 00:32:57,440 Speaker 15: I like a spotlight on me, You not so much 638 00:32:58,040 --> 00:32:59,800 Speaker 15: hide your light under a bushel. 639 00:32:59,560 --> 00:33:01,920 Speaker 2: Which will be surprising to no one listening. 640 00:33:02,040 --> 00:33:04,680 Speaker 15: Does it surprise you? So let me ask you this 641 00:33:04,760 --> 00:33:07,400 Speaker 15: legal question. So yesterday, the media doesn't want to deal 642 00:33:07,400 --> 00:33:09,920 Speaker 15: with Hipkins and the allegations, right, yes, so they don't 643 00:33:09,960 --> 00:33:11,920 Speaker 15: want it, and yet they're happy to run a live stream, 644 00:33:12,640 --> 00:33:15,560 Speaker 15: and the live stream in which they run contains all 645 00:33:15,560 --> 00:33:17,120 Speaker 15: the allegations you could possibly want. 646 00:33:17,200 --> 00:33:19,680 Speaker 2: So I think the tipping point was him calling a 647 00:33:19,760 --> 00:33:22,160 Speaker 2: public press As soon as you call a press conference 648 00:33:22,160 --> 00:33:25,000 Speaker 2: to address allegations, it's basically open season. 649 00:33:25,080 --> 00:33:27,880 Speaker 15: Well, why then post the press conference do they then 650 00:33:27,960 --> 00:33:29,840 Speaker 15: go and repeat the story that they're not going to 651 00:33:29,840 --> 00:33:30,840 Speaker 15: repeat the allegations. 652 00:33:31,040 --> 00:33:34,040 Speaker 2: That was weird and selective. I noticed last night on 653 00:33:34,240 --> 00:33:38,440 Speaker 2: TV three they did one allegation but not the others. 654 00:33:39,120 --> 00:33:41,400 Speaker 15: So so, how can you run something life for everyone 655 00:33:41,440 --> 00:33:42,760 Speaker 15: to see and then say you're not going to do it? 656 00:33:42,880 --> 00:33:44,440 Speaker 2: Yeah, because you've just done it, You've don't. 657 00:33:44,320 --> 00:33:46,960 Speaker 15: And that and that in it something that's an editorial problem, 658 00:33:47,040 --> 00:33:50,440 Speaker 15: but apart from anything, that shows you just how phenomenally 659 00:33:50,480 --> 00:33:53,160 Speaker 15: stupid the rules are in this country. They literally don't 660 00:33:53,680 --> 00:33:55,000 Speaker 15: you get the fact it was all on the internet. 661 00:33:55,120 --> 00:33:57,120 Speaker 15: You mean, the media rules, the mania rules what you 662 00:33:57,160 --> 00:33:58,760 Speaker 15: can and can't do. Why are they saying we're not 663 00:33:58,760 --> 00:33:59,760 Speaker 15: going to run the allegations. 664 00:34:00,040 --> 00:34:01,000 Speaker 2: You've just run them. 665 00:34:01,640 --> 00:34:03,920 Speaker 15: So either they don't know what the rules are or 666 00:34:03,960 --> 00:34:06,520 Speaker 15: the rules are so convoluted that you don't want to 667 00:34:06,560 --> 00:34:07,040 Speaker 15: run the risks. 668 00:34:07,080 --> 00:34:08,640 Speaker 2: Are they rules or is it just defamation? 669 00:34:08,920 --> 00:34:11,480 Speaker 15: Well, you know they are rules with them themselves, aren't they. 670 00:34:11,560 --> 00:34:13,600 Speaker 15: Because if you're afraid the chippy is going to see you, 671 00:34:13,600 --> 00:34:15,160 Speaker 15: you go, well, I'm not going to, but you just 672 00:34:15,239 --> 00:34:17,239 Speaker 15: have So the whole thing's Matt anyway, We're going to 673 00:34:17,280 --> 00:34:17,560 Speaker 15: look at. 674 00:34:17,520 --> 00:34:18,040 Speaker 8: This this morning. 675 00:34:18,160 --> 00:34:20,440 Speaker 2: Very good. But seeing him cry there, I mean it, 676 00:34:20,520 --> 00:34:23,719 Speaker 2: it's just the whole thing is shocking. There are no winners. 677 00:34:23,800 --> 00:34:25,759 Speaker 2: Very good, Mike, with your next have a great day. 678 00:34:30,200 --> 00:34:33,160 Speaker 1: For more from Early Edition with Ryan Bridge, listen live 679 00:34:33,280 --> 00:34:36,319 Speaker 1: to News Talks it'd be from five am weekdays, or 680 00:34:36,360 --> 00:34:38,280 Speaker 1: follow the podcast on iHeartRadio.