1 00:00:01,200 --> 00:00:05,280 Speaker 1: The issues, the interviews and the insight. Ryan Bridge on 2 00:00:05,320 --> 00:00:09,280 Speaker 1: an early edition with ex pole insulation keeping Kimi Holmes 3 00:00:09,320 --> 00:00:10,040 Speaker 1: warm and dry. 4 00:00:10,160 --> 00:00:12,480 Speaker 2: This winter news talks'd be good morning. 5 00:00:12,480 --> 00:00:15,200 Speaker 3: It is six after five, Big Friday, packed Friday for 6 00:00:15,280 --> 00:00:17,640 Speaker 3: you this morning. Nikola Willis on the show Live before 7 00:00:17,680 --> 00:00:20,919 Speaker 3: six on the sixty six billion dollar question over COVID, 8 00:00:21,000 --> 00:00:24,080 Speaker 3: The BBC Russia correspondent on Trump's meeting with Putin. Yes, 9 00:00:24,079 --> 00:00:27,240 Speaker 3: they're meant to be meeting next week. Vincent mcavinie on Netanya, 10 00:00:27,320 --> 00:00:31,680 Speaker 3: who's meeting that's over Gaza. That's happening anytime any second now. 11 00:00:31,680 --> 00:00:34,680 Speaker 3: In fact, I think it's just underway. Plus this morning 12 00:00:34,760 --> 00:00:37,639 Speaker 3: we will speak to the company trying to build the 13 00:00:37,680 --> 00:00:44,240 Speaker 3: world's biggest ever aircraft and they've never built an aircraft 14 00:00:44,280 --> 00:00:47,720 Speaker 3: of any description, not even a drone before in their lives. 15 00:00:48,320 --> 00:00:50,320 Speaker 3: We'll speak to them in a couple of minutes time, 16 00:00:50,400 --> 00:00:51,480 Speaker 3: Just gone six after five. 17 00:00:53,320 --> 00:00:55,280 Speaker 2: The agenda Friday, the eighth of August. 18 00:00:55,320 --> 00:00:59,000 Speaker 3: Netanya, who's a meeting with his security cabinet, is underway. 19 00:00:59,080 --> 00:01:02,680 Speaker 3: They are talking about potentially taking over the Gaza Strip. Earlier, 20 00:01:02,720 --> 00:01:05,039 Speaker 3: in an interview with Fox News, Netanya, who said he 21 00:01:05,080 --> 00:01:07,400 Speaker 3: wanted to take over Gaza, but not keep it. 22 00:01:07,800 --> 00:01:12,600 Speaker 4: We intend to in order to assure our security, remove 23 00:01:12,680 --> 00:01:17,160 Speaker 4: Kamas there, enable the population to be free of Gaza, 24 00:01:17,280 --> 00:01:19,960 Speaker 4: and to pass it to civilian governance that is not 25 00:01:20,200 --> 00:01:23,840 Speaker 4: Kamas and not anyone advocating the destruction divisual. 26 00:01:23,880 --> 00:01:26,040 Speaker 3: All right, we'll see how that goes down this morning. Meanwhile, 27 00:01:26,040 --> 00:01:28,800 Speaker 3: Potin's trying to play Trump again. The Kremlin says, I 28 00:01:28,840 --> 00:01:31,160 Speaker 3: face to face meeting could happen as early as next week. 29 00:01:31,200 --> 00:01:34,200 Speaker 3: This is between potent and Donald Trump. But we've got 30 00:01:34,280 --> 00:01:36,959 Speaker 3: US sanctions heaving Russia tomorrow. So the question is will 31 00:01:36,959 --> 00:01:37,839 Speaker 3: Trump hold off? 32 00:01:38,200 --> 00:01:40,960 Speaker 5: If it does succeed and we have no sankings tomorrow, 33 00:01:41,319 --> 00:01:44,520 Speaker 5: Putin will think he has escaped yet another problem with 34 00:01:44,520 --> 00:01:47,200 Speaker 5: the present American president and ked no real christ for it. 35 00:01:47,880 --> 00:01:50,480 Speaker 3: Just keep stringing him along, doesn't he. Japan's in big trouble. 36 00:01:50,520 --> 00:01:52,720 Speaker 3: Too many deaths, not enough babies. It's an old problem 37 00:01:52,720 --> 00:01:55,080 Speaker 3: for them, but it's still a big one. Nearly a 38 00:01:55,120 --> 00:01:57,840 Speaker 3: million more people died than were born last year, biggest 39 00:01:57,920 --> 00:02:03,160 Speaker 3: drop since nineteen sixty eight. The government's tried everything, cash housing, parentally, 40 00:02:03,520 --> 00:02:04,760 Speaker 3: nothing seems to be working. 41 00:02:05,160 --> 00:02:07,640 Speaker 6: There are a less and less number of young generation, 42 00:02:08,320 --> 00:02:12,120 Speaker 6: and the older burdens are on the young generation and 43 00:02:12,160 --> 00:02:15,360 Speaker 6: they won't be able to sustain. So society is are 44 00:02:15,360 --> 00:02:18,520 Speaker 6: going to be breaking up. Economy is just going to stagnate. 45 00:02:19,840 --> 00:02:22,440 Speaker 1: The news you need this morning and the in depth 46 00:02:22,480 --> 00:02:26,080 Speaker 1: analysis earlier this year with Ryan Bridge and ex Bowl 47 00:02:26,200 --> 00:02:30,400 Speaker 1: Insulation keeping Kiwi homes warm and dry this winter news talks. 48 00:02:30,400 --> 00:02:31,160 Speaker 2: A'd bet it's. 49 00:02:31,000 --> 00:02:33,600 Speaker 3: Gone eight minutes after five on your Friday morning. Yes, 50 00:02:33,600 --> 00:02:36,680 Speaker 3: so it's interesting what's happening with Trump and Putin. Kremlin 51 00:02:36,919 --> 00:02:40,400 Speaker 3: confirms a bilateral is on between Trump and Putin. And 52 00:02:40,440 --> 00:02:43,000 Speaker 3: then because we've had Steve Witkoff over there obviously, so 53 00:02:43,040 --> 00:02:47,160 Speaker 3: they've been having a chat and the Americans said, well, 54 00:02:47,680 --> 00:02:49,919 Speaker 3: it'll be a three way probably be a three way 55 00:02:49,960 --> 00:02:53,919 Speaker 3: meeting including Zelensky, and then Putin's the Kremlin comes back 56 00:02:53,919 --> 00:02:55,680 Speaker 3: and says, no, no, we're not having to hang on 57 00:02:55,720 --> 00:02:57,760 Speaker 3: none of that. We're not having No one agreed to 58 00:02:57,800 --> 00:03:01,160 Speaker 3: a three way meeting. It's just a bilateral with Trump. 59 00:03:01,720 --> 00:03:04,840 Speaker 3: And there was talk in their little chats in Moscow, 60 00:03:04,919 --> 00:03:07,600 Speaker 3: there was talk of getting a Zelenski involved, but the 61 00:03:07,720 --> 00:03:09,920 Speaker 3: Crement says that was all from the American side. There 62 00:03:09,960 --> 00:03:12,000 Speaker 3: actually nothing to do with us, and we didn't agree 63 00:03:12,000 --> 00:03:14,799 Speaker 3: to it. Nine minutes after five. We'll talk to the 64 00:03:14,840 --> 00:03:18,160 Speaker 3: BBC's Russia correspondent about that in a few minutes, well 65 00:03:18,240 --> 00:03:20,960 Speaker 3: before five thirty this morning, find out exactly what's going on. 66 00:03:21,560 --> 00:03:25,080 Speaker 3: Could we see President Trump on a plane to Moscow 67 00:03:25,200 --> 00:03:28,360 Speaker 3: next week? It would be incredible to see it, given 68 00:03:28,400 --> 00:03:31,800 Speaker 3: what's happened over the last three years. Will it do anything? 69 00:03:31,840 --> 00:03:34,720 Speaker 3: And what about these terrorists? There's sanctions that he's threatening 70 00:03:34,760 --> 00:03:37,720 Speaker 3: to impose. Also this morning, I want to get you 71 00:03:37,720 --> 00:03:43,600 Speaker 3: across the story of Erica Stamford's text to Willow Jen 72 00:03:43,680 --> 00:03:47,160 Speaker 3: Prime from Labor. These are the education minister and spokesperson. 73 00:03:47,920 --> 00:03:51,120 Speaker 3: There's the full text in the Herald today and nothing 74 00:03:51,120 --> 00:03:55,600 Speaker 3: but cordial and welcoming and warm from Erica Stanford. And 75 00:03:55,640 --> 00:03:58,160 Speaker 3: what did we get from Willow Jen Prime? Well wait 76 00:03:58,200 --> 00:04:00,680 Speaker 3: till you're here. Ten after five, New Talk said B. 77 00:04:01,120 --> 00:04:02,920 Speaker 3: This big plane next. 78 00:04:03,800 --> 00:04:07,480 Speaker 1: Get ahead of the headlines on early edition with Ryan 79 00:04:07,560 --> 00:04:11,520 Speaker 1: Branch and x Fole Insulation keeping Kiwi Holmes warm and 80 00:04:11,640 --> 00:04:13,480 Speaker 1: dry this winter News Talk, said B. 81 00:04:13,720 --> 00:04:16,360 Speaker 3: Five twelve on news Talk said B, what lessons are 82 00:04:16,400 --> 00:04:19,280 Speaker 3: we teaching our children? This is a Willow Jen Prime 83 00:04:19,320 --> 00:04:22,960 Speaker 3: whose Labour's education spokesperson and Erica Stanford. The Heralds got 84 00:04:22,960 --> 00:04:28,080 Speaker 3: hold of the receipts the texts between the two over NCA. So, 85 00:04:28,279 --> 00:04:31,160 Speaker 3: just to set the scene for you, Chris Hopkins very 86 00:04:31,200 --> 00:04:34,800 Speaker 3: insistent that when he was the education minister, he bent 87 00:04:35,000 --> 00:04:37,920 Speaker 3: over backwards. He went out of his way to make 88 00:04:37,960 --> 00:04:40,400 Speaker 3: sure that he consulted the opposition when he was in 89 00:04:40,480 --> 00:04:44,719 Speaker 3: government so that there'd be lasting and enduring change on education, right, 90 00:04:45,360 --> 00:04:49,520 Speaker 3: and so, Erica Stanford, this is on NCEEA. Erica Stanford 91 00:04:49,560 --> 00:04:53,920 Speaker 3: texts Willow gene Prime after she took over from Jantinetti 92 00:04:53,920 --> 00:04:57,719 Speaker 3: in March, because obviously James Gonski, Hey, Willow, Jan, congrats 93 00:04:57,760 --> 00:05:00,320 Speaker 3: on the new role. We'll need to get you up 94 00:05:00,320 --> 00:05:03,440 Speaker 3: to speed with the NCEA change process. Jan and I 95 00:05:03,520 --> 00:05:06,320 Speaker 3: had started working cross party on this given the importance 96 00:05:06,400 --> 00:05:09,760 Speaker 3: of our national qualification. She wrote, would be good if 97 00:05:09,800 --> 00:05:11,920 Speaker 3: we could meet first and I can run you through 98 00:05:11,960 --> 00:05:14,680 Speaker 3: where we're at and what the process is. There is 99 00:05:14,680 --> 00:05:19,520 Speaker 3: a policy advisory group, blah blah blah. Anyway, Erica never 100 00:05:19,640 --> 00:05:24,440 Speaker 3: hears back. Isn't that terrible? She follows up her office 101 00:05:24,520 --> 00:05:29,440 Speaker 3: does with him with an email and no word back. 102 00:05:30,120 --> 00:05:34,479 Speaker 3: Now Here is the dog ate my homework response from 103 00:05:34,520 --> 00:05:40,560 Speaker 3: Willow Gene Prime, which I think is absolute bs. She says, oh, no, no, no, 104 00:05:40,560 --> 00:05:42,880 Speaker 3: no no, it's because I had to I did want 105 00:05:42,880 --> 00:05:44,839 Speaker 3: to meet with her, but I wanted to go and 106 00:05:44,880 --> 00:05:48,480 Speaker 3: talk to parents and teachers first and then come and 107 00:05:48,520 --> 00:05:51,320 Speaker 3: give come off at Willow Jene. You were either at 108 00:05:51,360 --> 00:05:54,839 Speaker 3: to lunch or you were just being a bit snooty. 109 00:05:55,080 --> 00:05:58,039 Speaker 3: Were knew that's what happened. Nothing to do with consultation. 110 00:05:58,160 --> 00:06:00,080 Speaker 3: You could have gone along to the meeting, heard what 111 00:06:00,120 --> 00:06:02,000 Speaker 3: she had to say, and then gone and spoken to 112 00:06:02,040 --> 00:06:06,839 Speaker 3: a teacher. We're not stupid. Fourteen after five, Ryan Bridge, 113 00:06:06,880 --> 00:06:10,039 Speaker 3: Are you is companies building the world's largest airplane, called 114 00:06:10,080 --> 00:06:14,160 Speaker 3: the wind Runner, to transport massive wind turbines. The catch, well, 115 00:06:14,200 --> 00:06:17,120 Speaker 3: they've never actually built an aircraft before, but they say 116 00:06:17,120 --> 00:06:19,720 Speaker 3: the demand for green energy makes it worth the risk. 117 00:06:20,279 --> 00:06:24,240 Speaker 3: Mark Lunstrom is the aerospace engineer who founded Radio the 118 00:06:24,279 --> 00:06:26,719 Speaker 3: company behind this, and is with me this morning. Good morning, 119 00:06:28,000 --> 00:06:29,719 Speaker 3: All right, good mar Mark, great to have you on 120 00:06:29,720 --> 00:06:31,960 Speaker 3: the show. Can you just tell us how big? Give 121 00:06:32,040 --> 00:06:34,040 Speaker 3: us an idea of how big this bad boy is. 122 00:06:35,240 --> 00:06:38,640 Speaker 7: Sure, it's by far the world's largest aircraft. It's about 123 00:06:38,680 --> 00:06:41,919 Speaker 7: twelve times the volume of a seven forty seven. It 124 00:06:41,960 --> 00:06:44,360 Speaker 7: has a cockpit that's about as all as a five 125 00:06:44,440 --> 00:06:47,040 Speaker 7: story building, and it's about eight times as big as 126 00:06:47,080 --> 00:06:49,719 Speaker 7: the largest military aircraft flying today, the C five. 127 00:06:50,200 --> 00:06:51,239 Speaker 3: Okay, so massive. 128 00:06:51,800 --> 00:06:56,400 Speaker 7: Why So it turns out that there's a lot of 129 00:06:56,680 --> 00:06:59,000 Speaker 7: very large peloads that need to be moved hard to 130 00:06:59,040 --> 00:07:02,400 Speaker 7: reach places, and so we originally started working on the 131 00:07:02,400 --> 00:07:05,320 Speaker 7: wind Runner in order to move the world's biggest wind 132 00:07:05,360 --> 00:07:08,279 Speaker 7: turbines to onshore locations. So the goal is to be 133 00:07:08,360 --> 00:07:12,480 Speaker 7: able to move over a one hundred turbine blade and 134 00:07:12,600 --> 00:07:15,000 Speaker 7: land it on a piece of dirt within the confines 135 00:07:15,000 --> 00:07:16,640 Speaker 7: of a wind farm. And if you can do that, 136 00:07:16,680 --> 00:07:19,200 Speaker 7: you can reduce the cost wind energy by about a third. 137 00:07:19,960 --> 00:07:21,960 Speaker 7: And then it turns out if you can actually have 138 00:07:22,040 --> 00:07:25,040 Speaker 7: the capability of moving gigantic things too hard to reach places, 139 00:07:25,400 --> 00:07:28,680 Speaker 7: there's some fantastic humanitarian missions that you can provide, and 140 00:07:28,760 --> 00:07:31,680 Speaker 7: a lot of defense applications you can provide. So you 141 00:07:32,080 --> 00:07:34,680 Speaker 7: can basically put you could essentially move a six pack 142 00:07:34,680 --> 00:07:37,280 Speaker 7: of F sixteen fighters or a six pack of Shino 143 00:07:37,360 --> 00:07:39,760 Speaker 7: helicopters and land on a piece of dirt as well. 144 00:07:40,040 --> 00:07:42,840 Speaker 3: Landing on the dirt sounds interesting. This is obviously going 145 00:07:42,880 --> 00:07:44,640 Speaker 3: to be very heavy if you've got one hundred meter 146 00:07:44,760 --> 00:07:46,600 Speaker 3: wind to final six jets in there. 147 00:07:48,240 --> 00:07:48,440 Speaker 4: Yeah. 148 00:07:48,480 --> 00:07:50,640 Speaker 7: So it's actually the first time that an airplane has 149 00:07:50,760 --> 00:07:54,640 Speaker 7: been designed to optimize volume instead of mass. And so 150 00:07:54,680 --> 00:07:57,240 Speaker 7: it turns out that even though the airplane is very big, 151 00:07:57,680 --> 00:08:00,160 Speaker 7: it's not quite as heavy as you think it as 152 00:08:00,160 --> 00:08:01,040 Speaker 7: you would think it would be. 153 00:08:01,280 --> 00:08:01,880 Speaker 2: And it's so. 154 00:08:01,880 --> 00:08:03,720 Speaker 7: Big that we have the ability to put lots of 155 00:08:03,760 --> 00:08:06,000 Speaker 7: landing gear on it, and so that enables us to 156 00:08:06,040 --> 00:08:09,120 Speaker 7: have not that much poundage per wheel and so we're 157 00:08:09,120 --> 00:08:12,440 Speaker 7: able to land on on just semi prepared dirt strips. 158 00:08:12,760 --> 00:08:14,960 Speaker 3: So it was seven times the volume of a seven 159 00:08:15,040 --> 00:08:18,680 Speaker 3: forty seven, did you say, And if that's the case, 160 00:08:18,760 --> 00:08:20,400 Speaker 3: how do you keep it flying? 161 00:08:22,360 --> 00:08:24,520 Speaker 7: So twelve times the volume of a seven forty seven, 162 00:08:24,840 --> 00:08:27,480 Speaker 7: So it is gigantic and you keep it flying by 163 00:08:27,520 --> 00:08:29,920 Speaker 7: just using standard airspace techniques. You know, if you have 164 00:08:30,120 --> 00:08:32,800 Speaker 7: if you have powerful enough jet engines, you can make 165 00:08:32,960 --> 00:08:35,559 Speaker 7: you can make a very large airplane fly. So what 166 00:08:35,920 --> 00:08:38,520 Speaker 7: the design team did at Radio is we basically have 167 00:08:38,600 --> 00:08:41,200 Speaker 7: designed this airplane around the things that are already in 168 00:08:41,240 --> 00:08:44,760 Speaker 7: mass production and already flying. So making sure, we reduce 169 00:08:44,840 --> 00:08:48,160 Speaker 7: the technology risk by by designing the airplane around the 170 00:08:48,200 --> 00:08:49,880 Speaker 7: things that are already flying. It turns out that there's 171 00:08:49,920 --> 00:08:52,600 Speaker 7: some very powerful engines that can move a very large 172 00:08:52,600 --> 00:08:56,120 Speaker 7: airplane today. And it's and that's because basically it's been 173 00:08:56,240 --> 00:08:59,440 Speaker 7: it's been essentially thirty years since a large cargo aircraft 174 00:08:59,520 --> 00:09:03,320 Speaker 7: had been toned, and during those decades, engine technology has 175 00:09:03,400 --> 00:09:06,400 Speaker 7: improved massively, and so that enables us to move an 176 00:09:06,400 --> 00:09:10,400 Speaker 7: airplane that's that's much much larger than the industry has 177 00:09:10,440 --> 00:09:11,320 Speaker 7: made for a long time. 178 00:09:11,480 --> 00:09:14,199 Speaker 3: Why are you doing this? Well, how are you? How 179 00:09:14,240 --> 00:09:16,959 Speaker 3: far through are you? Why your business? And why aren't 180 00:09:16,960 --> 00:09:21,280 Speaker 3: those ones who do you know, large aircraft already attempting 181 00:09:21,320 --> 00:09:23,440 Speaker 3: something like this or are they? 182 00:09:24,120 --> 00:09:28,240 Speaker 7: Yeah, so we we are the company behind this, were 183 00:09:28,240 --> 00:09:31,160 Speaker 7: not the company that's exclusively building this. And so Radia 184 00:09:31,160 --> 00:09:34,080 Speaker 7: has built a supply chain that includes dozens of companies. 185 00:09:34,360 --> 00:09:37,760 Speaker 7: The top aerospace manufacturing companies in the world are working 186 00:09:37,800 --> 00:09:40,800 Speaker 7: with us to pull this aircraft together because it's it's 187 00:09:40,840 --> 00:09:43,120 Speaker 7: such a unique vehicle and it's so exciting, I think 188 00:09:43,160 --> 00:09:46,200 Speaker 7: for the supply chain to actually have an opportunity for 189 00:09:46,280 --> 00:09:52,080 Speaker 7: the aerospace industry to participate in helping solve climate change, 190 00:09:52,240 --> 00:09:55,200 Speaker 7: and so for an aeronautical solution to help move the 191 00:09:55,240 --> 00:09:57,760 Speaker 7: needle and climate change is very exciting for the company 192 00:09:57,760 --> 00:10:00,199 Speaker 7: and very exciting for the supply chain. But it a 193 00:10:00,200 --> 00:10:02,600 Speaker 7: bit of a unique vehicle and it's not something that's 194 00:10:02,640 --> 00:10:05,520 Speaker 7: sort of straight down the middle for a company that 195 00:10:05,600 --> 00:10:09,480 Speaker 7: usually makes passenger aircraft or military aircraft. This is something 196 00:10:09,480 --> 00:10:12,160 Speaker 7: there's a market opportunity that is a small company. We 197 00:10:12,160 --> 00:10:15,360 Speaker 7: we identified that and then we inspired the supply chain 198 00:10:15,400 --> 00:10:16,679 Speaker 7: to work with us to build it. 199 00:10:17,040 --> 00:10:18,800 Speaker 3: Give us a date, Mark, will we see it in 200 00:10:18,800 --> 00:10:19,360 Speaker 3: the skies. 201 00:10:20,880 --> 00:10:22,480 Speaker 7: You'll see in the skies by the end of the decade. 202 00:10:22,520 --> 00:10:23,599 Speaker 2: So it's no, it's no. 203 00:10:23,880 --> 00:10:26,240 Speaker 7: It's no fast process to design the world and build 204 00:10:26,240 --> 00:10:28,040 Speaker 7: the world's largest aircraft. But we've been at this for 205 00:10:28,040 --> 00:10:31,320 Speaker 7: about eight years. We're about ready to start manufacturing. The 206 00:10:31,320 --> 00:10:34,480 Speaker 7: supply chain has all been built, uh, and so we're 207 00:10:34,520 --> 00:10:37,320 Speaker 7: we're we intend to start providing service an end of decade. 208 00:10:37,520 --> 00:10:40,559 Speaker 3: Based the lock Scie flying Mark Lonstrom has the aerospace 209 00:10:40,640 --> 00:10:44,040 Speaker 3: engineer at Radia and the founder of that business iteen 210 00:10:44,040 --> 00:10:46,240 Speaker 3: minutes after five News talks a babel get an update 211 00:10:46,280 --> 00:10:49,880 Speaker 3: on Trump putin macing with our BBC Russia Correspondent. 212 00:10:49,960 --> 00:10:55,120 Speaker 1: Next on your radio and online on iheard Radio Belly 213 00:10:55,240 --> 00:10:59,280 Speaker 1: Edition with Ryan Bridge and Expol Insulation keeping Ky We 214 00:10:59,400 --> 00:11:02,359 Speaker 1: homes well Andry this winter news talks. 215 00:11:02,120 --> 00:11:04,679 Speaker 3: At be great to have your company. Twenty one after five, 216 00:11:04,720 --> 00:11:07,040 Speaker 3: we'll get to Nikola Willis the Finance Minister before six 217 00:11:07,080 --> 00:11:10,199 Speaker 3: on this Treasury report right now. Confirmation from the Kremlin 218 00:11:10,240 --> 00:11:12,800 Speaker 3: overnight that a meeting between Trump and Persian will take 219 00:11:12,840 --> 00:11:15,360 Speaker 3: place as early as next week. Time is running out 220 00:11:15,400 --> 00:11:18,280 Speaker 3: for a ceasfire deal. Of course, Trump's threatening oil sanctions 221 00:11:18,280 --> 00:11:21,839 Speaker 3: on Russia by tomorrow. Question is will he now wait 222 00:11:22,320 --> 00:11:25,880 Speaker 3: for the potential meeting? Olga If Shina is the BBC 223 00:11:25,960 --> 00:11:29,560 Speaker 3: Russia correspondent, Olga, welcome to the program. What do you 224 00:11:29,640 --> 00:11:30,440 Speaker 3: think will happen? 225 00:11:31,920 --> 00:11:32,079 Speaker 7: Oh? 226 00:11:32,160 --> 00:11:34,080 Speaker 8: That's you know, that's a good question. If I knew, 227 00:11:34,080 --> 00:11:38,280 Speaker 8: I guess I would be somewhere else or working somewhere else. 228 00:11:38,720 --> 00:11:42,880 Speaker 8: But yeah, the truth is, the things are developing really fast. 229 00:11:43,520 --> 00:11:47,600 Speaker 8: But the latest from Trump administration it seems that now 230 00:11:47,679 --> 00:11:50,200 Speaker 8: they say that in order for Putting and Trump to meet, 231 00:11:50,520 --> 00:11:54,080 Speaker 8: Puttin must meet Zelenski. But then earlier today when Putting 232 00:11:54,200 --> 00:11:57,120 Speaker 8: was challenged by reporters, if he's ready to meet Zelensky. 233 00:11:57,200 --> 00:12:00,560 Speaker 8: He said certain conditions must be fulfilled and they're not 234 00:12:00,640 --> 00:12:03,920 Speaker 8: fulfilled yet, which basically signals that Moscow is not ready 235 00:12:03,920 --> 00:12:07,720 Speaker 8: to meet the ENSK, which puts the subsequent meeting with 236 00:12:07,800 --> 00:12:12,439 Speaker 8: Trump into question. But I doubt that Trump will hit 237 00:12:12,559 --> 00:12:15,720 Speaker 8: with tariffs on Friday, bearing in mind the meeting is 238 00:12:15,760 --> 00:12:20,439 Speaker 8: so close and possible, and his PR so called PR victory, 239 00:12:20,520 --> 00:12:24,120 Speaker 8: his possible per achievement is so close. I don't think 240 00:12:24,120 --> 00:12:27,280 Speaker 8: he's gonna risk it by introducing tariffs on Friday. 241 00:12:27,600 --> 00:12:30,320 Speaker 3: But does that not just show that person is again 242 00:12:30,480 --> 00:12:31,840 Speaker 3: stringing Trump alone. 243 00:12:34,080 --> 00:12:37,960 Speaker 8: It seems that up to now Moscow has been quite 244 00:12:37,960 --> 00:12:46,120 Speaker 8: successful in dragging on in postponing negotiations and in a way, yeah, 245 00:12:46,160 --> 00:12:49,120 Speaker 8: playing with Trump's administration on its terms. And we have 246 00:12:49,160 --> 00:12:52,439 Speaker 8: seen that Putin has achieved, not too much, but he 247 00:12:52,600 --> 00:12:55,520 Speaker 8: has achieved something. Meanwhile, First of all, he managed to 248 00:12:55,559 --> 00:12:58,480 Speaker 8: push most of the Ukrainian forces out of the coast 249 00:12:58,559 --> 00:13:02,120 Speaker 8: region of Russia after the Ukrainian's incursion in twenty twenty four. 250 00:13:02,440 --> 00:13:07,120 Speaker 8: He managed to capture a few more little villages in Ukraine. 251 00:13:07,280 --> 00:13:11,280 Speaker 8: And yeah, he seems to have initiative on a father 252 00:13:11,480 --> 00:13:13,520 Speaker 8: not as much as he wants, but he definitely has 253 00:13:13,559 --> 00:13:17,560 Speaker 8: achieved something in this last five six months. While he 254 00:13:17,679 --> 00:13:20,440 Speaker 8: tries to pretend he's still open for the piece deal 255 00:13:20,520 --> 00:13:21,800 Speaker 8: with Ukraine. 256 00:13:21,400 --> 00:13:23,920 Speaker 3: What's going to stop potent? I mean, he's obviously not 257 00:13:24,000 --> 00:13:26,800 Speaker 3: scared of more sanctions, He's obviously not scared of Trump 258 00:13:26,840 --> 00:13:28,520 Speaker 3: moving as nuclear as subs around. 259 00:13:30,480 --> 00:13:33,400 Speaker 8: Oh fre It's a good question. I mean, definitely, Russian 260 00:13:33,440 --> 00:13:39,600 Speaker 8: economy is not performing marvelously. I mean, it does avoids anxious, 261 00:13:39,679 --> 00:13:43,320 Speaker 8: it does evade anxious quite successfully on some fronts. But 262 00:13:43,440 --> 00:13:45,880 Speaker 8: on the other front, we see that it's dependence on 263 00:13:46,760 --> 00:13:51,640 Speaker 8: the trade with China, it dependence on military equipment from 264 00:13:51,760 --> 00:13:54,840 Speaker 8: North Korea is raising, and there's something which is mister 265 00:13:54,880 --> 00:13:57,959 Speaker 8: put not happy about. And of course, if Trump hits 266 00:13:57,960 --> 00:14:03,280 Speaker 8: with tariffs, it Trumps manages to cut Russian oil supplies 267 00:14:03,440 --> 00:14:08,160 Speaker 8: to the global South, that might hit Russia quite hard. 268 00:14:08,520 --> 00:14:11,400 Speaker 8: So definitely mister Puttin will try to avoid that either. 269 00:14:11,440 --> 00:14:15,800 Speaker 8: We diploma see all with chess gains on the on 270 00:14:15,880 --> 00:14:21,200 Speaker 8: the global chess board, but definitely he won't stop, and 271 00:14:21,240 --> 00:14:25,360 Speaker 8: he definitely wants to achieve some guarantees of how he 272 00:14:25,480 --> 00:14:29,760 Speaker 8: sees it, European security and Russian security how he sees this, 273 00:14:29,880 --> 00:14:38,160 Speaker 8: which means promise of NATO not including Ukraine and basically 274 00:14:38,200 --> 00:14:40,120 Speaker 8: not enlarging to the east. 275 00:14:40,680 --> 00:14:43,360 Speaker 3: Oh goat, appreciate your insights. Ares always. I'll get ive China. 276 00:14:43,400 --> 00:14:46,120 Speaker 3: The Babyc's Russia correspondent with a step. Meeting between Trump 277 00:14:46,160 --> 00:14:49,200 Speaker 3: and person could happen next week. Twenty four minutes after five, 278 00:14:49,320 --> 00:14:51,760 Speaker 3: Nit Yah, who's been meeting with his security cabinet. We'll 279 00:14:51,760 --> 00:14:54,200 Speaker 3: have an update on that upter five thirty. Next, I'll 280 00:14:54,200 --> 00:14:57,320 Speaker 3: get you across this Treasury report, which is bad news, 281 00:14:57,400 --> 00:14:58,640 Speaker 3: bad time for labor. 282 00:14:58,960 --> 00:15:03,320 Speaker 1: The Early Edition Full show podcast on iHeartRadio powered by 283 00:15:03,360 --> 00:15:04,160 Speaker 1: News Talks. 284 00:15:03,920 --> 00:15:07,960 Speaker 3: AB News TALKSB Twenty seven minutes after five on your 285 00:15:07,960 --> 00:15:12,120 Speaker 3: Friday morning. The sixty six billion dollar question hanging over 286 00:15:12,240 --> 00:15:16,400 Speaker 3: Labour's head has been answered. This new Treasury report tells 287 00:15:16,480 --> 00:15:19,600 Speaker 3: us pretty much what we already knew about Labour's COVID response. 288 00:15:19,640 --> 00:15:22,120 Speaker 3: They went too far. They spent like drunken sailors. They 289 00:15:22,160 --> 00:15:27,520 Speaker 3: made it rain dollar bills, and then Treasury said, hey, hey, hey, 290 00:15:27,600 --> 00:15:30,920 Speaker 3: hey hey, pullback, pullback, And what did they do? They 291 00:15:30,920 --> 00:15:34,120 Speaker 3: didn't listen, and they kept on spending. COVID was the 292 00:15:34,160 --> 00:15:38,040 Speaker 3: most expensive economic event this country seeing the government splashed 293 00:15:38,080 --> 00:15:41,480 Speaker 3: out sixty six billion, which is twenty percent of our GDP. 294 00:15:42,160 --> 00:15:45,920 Speaker 3: And guess how much of that went on specific pandemic 295 00:15:46,320 --> 00:15:53,160 Speaker 3: healthcare costs eighteen percent one eight The rest of it, well, 296 00:15:53,200 --> 00:15:56,000 Speaker 3: they just kept spending. Forget the Nigerian prince. This is 297 00:15:56,040 --> 00:15:59,360 Speaker 3: the biggest scammed hit Kiwi Shaws in a very long time. 298 00:15:59,760 --> 00:16:02,800 Speaker 3: They spent money, the COVID fund money on things like 299 00:16:02,840 --> 00:16:07,200 Speaker 3: school lunches and art therapy programs. The report tiptoes around it, 300 00:16:07,240 --> 00:16:10,360 Speaker 3: but the clear inference is labor went too far pulling 301 00:16:10,400 --> 00:16:14,360 Speaker 3: the fiscal lever. The Reserve Bank should be using monetary 302 00:16:14,360 --> 00:16:16,400 Speaker 3: policy to do the bulk of the heavy lifting and 303 00:16:16,480 --> 00:16:20,000 Speaker 3: future events. And at the same time, this report lands 304 00:16:20,040 --> 00:16:22,960 Speaker 3: on our lapse like a thud, like a ton of bricks. 305 00:16:23,360 --> 00:16:27,000 Speaker 3: Chris Hipkins was in Queenstown yesterday chatting about the policies 306 00:16:27,280 --> 00:16:30,200 Speaker 3: they don't have but will probably have going into the election. 307 00:16:30,840 --> 00:16:35,240 Speaker 3: Guess what's on the menu. A capital gains tax, probably 308 00:16:35,840 --> 00:16:40,800 Speaker 3: more government spending definitely, and talk that the Treasury imposed 309 00:16:40,880 --> 00:16:45,680 Speaker 3: safe debt cap could be increased, so debt tax and spend. 310 00:16:46,520 --> 00:16:50,880 Speaker 3: People may not like Christopher Luxen's delivery of this message 311 00:16:50,920 --> 00:16:53,720 Speaker 3: it greats people at the moment, you can sense it, 312 00:16:54,160 --> 00:16:56,920 Speaker 3: but you can't hide from the fact that those guys 313 00:16:57,080 --> 00:17:01,480 Speaker 3: as in labor screwed the Pooch Pooch. If they were 314 00:17:01,480 --> 00:17:04,800 Speaker 3: to get back into power, best be preparing for more screwing. 315 00:17:05,960 --> 00:17:07,160 Speaker 2: Ryan Bridge twenty. 316 00:17:07,000 --> 00:17:09,359 Speaker 3: Nine minutes after five News Talks, HEB we'll get to 317 00:17:09,440 --> 00:17:11,760 Speaker 3: Nikola Willis. She's got a few words to say about 318 00:17:11,800 --> 00:17:14,439 Speaker 3: this after It's sorry, just before six o'clock this morning, 319 00:17:14,760 --> 00:17:17,600 Speaker 3: and Vincent mcabinnie is in the UK for us, and 320 00:17:17,760 --> 00:17:21,080 Speaker 3: we'll talk about Nittnyahu's meeting. He's just gone on Fox News. 321 00:17:21,480 --> 00:17:24,920 Speaker 3: He's come out and said, Yeah, I actually do want 322 00:17:24,960 --> 00:17:28,119 Speaker 3: to take over Gaza. I won't be there forever, but 323 00:17:28,240 --> 00:17:30,400 Speaker 3: I at least want to have a crack. So we'll 324 00:17:30,400 --> 00:17:32,840 Speaker 3: look at that before six to two News Talk SEB. 325 00:17:46,200 --> 00:17:49,520 Speaker 1: News and Views you trust to start your day. It's 326 00:17:49,640 --> 00:17:53,680 Speaker 1: earlier this ship with Ryan Bridge at Expol Insulation keeping 327 00:17:53,760 --> 00:17:55,320 Speaker 1: Kiwie Holmes warm and dry. 328 00:17:55,480 --> 00:18:07,520 Speaker 2: This Winter News Talk SEDB. Good morning, and it's twenty. 329 00:18:07,320 --> 00:18:10,800 Speaker 3: Four away from six news tib It is well, I've 330 00:18:10,840 --> 00:18:13,080 Speaker 3: just told you at the time, haven't I. What I 331 00:18:13,160 --> 00:18:15,240 Speaker 3: meant to say is the Bank of England's cut its 332 00:18:15,240 --> 00:18:17,919 Speaker 3: interest rates just now from four point twenty five percent 333 00:18:17,960 --> 00:18:20,200 Speaker 3: to four percent, so a bit of a cut from 334 00:18:20,400 --> 00:18:23,320 Speaker 3: central Vancouver in the UK. We'll get to Vincent mcavanne, 335 00:18:23,359 --> 00:18:26,160 Speaker 3: who's our UK correspondent, also talk about the Netnyahu meeting, 336 00:18:26,200 --> 00:18:28,720 Speaker 3: and Nicola Willis on the show before six this morning 337 00:18:28,720 --> 00:18:32,280 Speaker 3: on this Treasury report. Over in Ohio, there's a river 338 00:18:32,320 --> 00:18:35,359 Speaker 3: obviously summer over there. Everybody's been out boating and people 339 00:18:35,440 --> 00:18:40,320 Speaker 3: who eagle eed kayakers, actually a bunch of them on 340 00:18:40,359 --> 00:18:43,480 Speaker 3: this Ohio river. Thought this is strange. This is an 341 00:18:43,720 --> 00:18:47,800 Speaker 3: early August. So a couple of days ago, suddenly there 342 00:18:47,800 --> 00:18:51,160 Speaker 3: was an increase in the river level and a corresponding 343 00:18:51,240 --> 00:18:55,080 Speaker 3: drop in the lake level during the early days of August, 344 00:18:55,119 --> 00:18:58,399 Speaker 3: and they thought, this is odd. What's causing this, what's 345 00:18:58,440 --> 00:19:02,159 Speaker 3: behind us? And they soon found out and realized that JD. Vance, 346 00:19:02,240 --> 00:19:06,280 Speaker 3: the Vice President, was holidaying there and the Secret Service 347 00:19:06,480 --> 00:19:12,040 Speaker 3: had requested that they drop the water level, sorry increase 348 00:19:12,119 --> 00:19:16,480 Speaker 3: the river level thereby dropping the lake level for his 349 00:19:16,560 --> 00:19:20,920 Speaker 3: family's boating trip. They were all out there kayaking and fishing, 350 00:19:21,000 --> 00:19:24,760 Speaker 3: having a gay old time for his forty first birthday. 351 00:19:26,040 --> 00:19:28,160 Speaker 3: They say it was not because it made it more 352 00:19:28,200 --> 00:19:32,159 Speaker 3: comfortable for kayaking, more optimal conditions. They say it was 353 00:19:32,200 --> 00:19:35,119 Speaker 3: for safety reasons. No one's buying that. Twenty three to 354 00:19:35,200 --> 00:19:38,479 Speaker 3: six Ryan Bridge, She's talks ABD. It's get to our 355 00:19:38,480 --> 00:19:41,800 Speaker 3: reporters around the country. Jordan done for Dunedin. Good morning, 356 00:19:41,840 --> 00:19:43,760 Speaker 3: good morning ride, Good to have you in now. Tell 357 00:19:43,840 --> 00:19:46,960 Speaker 3: us about these checks that have been done for ski seasons. Yeah, 358 00:19:46,960 --> 00:19:47,320 Speaker 3: that's right. 359 00:19:47,359 --> 00:19:50,280 Speaker 9: So it's in the Central Otago businesses which are being 360 00:19:50,320 --> 00:19:52,800 Speaker 9: checked to ensure that they're meeting employment standards during the 361 00:19:52,840 --> 00:19:55,560 Speaker 9: you know, that busy ski season. And it's a joint 362 00:19:55,680 --> 00:19:59,200 Speaker 9: MB and Labor Inspectorate operation which has focused on ensuring 363 00:19:59,200 --> 00:20:03,359 Speaker 9: both employers and employees are aware of their rights and responsibilities. 364 00:20:03,440 --> 00:20:06,320 Speaker 9: So it's been triggered by some ongoing complaints and concerns 365 00:20:06,359 --> 00:20:09,320 Speaker 9: about that. So here of the Labor Inspector at Joanne Hackings, 366 00:20:09,320 --> 00:20:11,919 Speaker 9: says they're focusing on businesses that are busiest during the 367 00:20:11,960 --> 00:20:14,959 Speaker 9: ski season, and she says they include hospitality and retail 368 00:20:15,000 --> 00:20:18,679 Speaker 9: businesses which tend to hide that extra staff, especially you know, 369 00:20:18,760 --> 00:20:22,320 Speaker 9: young people or migrants to meet that high demand. How's 370 00:20:22,320 --> 00:20:24,680 Speaker 9: the weather today, Yeah, so challs developing in the morning. 371 00:20:24,760 --> 00:20:28,639 Speaker 9: Some possibly heavy northwesterlies, turning it to southwesterlies in the morning, 372 00:20:28,720 --> 00:20:30,440 Speaker 9: strong at times in a higher ten degrees. 373 00:20:30,520 --> 00:20:33,320 Speaker 3: William, thanks Jordan, have a great date. Clears in christ Church, 374 00:20:33,359 --> 00:20:37,359 Speaker 3: take Claire good morning. Oran a Wildlife Park no longer 375 00:20:37,440 --> 00:20:39,280 Speaker 3: banned from taking in new animals. 376 00:20:39,600 --> 00:20:40,439 Speaker 2: Yeah, we haven't talked. 377 00:20:40,320 --> 00:20:42,199 Speaker 10: About a run a wildlife park for some time, but 378 00:20:42,280 --> 00:20:45,359 Speaker 10: it was all we spoke about twelve months ago. The 379 00:20:45,520 --> 00:20:48,720 Speaker 10: christ Church Zoo has now messed all of the requirements 380 00:20:48,760 --> 00:20:51,240 Speaker 10: that were set out by the Zoo and Aquarium Association. 381 00:20:51,600 --> 00:20:54,280 Speaker 10: This is following a six month review. Than are able 382 00:20:54,359 --> 00:20:57,439 Speaker 10: to resume animal transfers to bringing in new animals as 383 00:20:57,480 --> 00:21:00,360 Speaker 10: well as their breeding programs. This all came about after 384 00:21:00,400 --> 00:21:04,600 Speaker 10: allegations of unreported animal deaths, as well as some unsafe 385 00:21:04,720 --> 00:21:09,480 Speaker 10: workplace environment situations that arose at the park last year. 386 00:21:09,760 --> 00:21:12,760 Speaker 10: The board co chair, Professor Ken Huey says the outcome 387 00:21:12,840 --> 00:21:17,360 Speaker 10: reflects the commitment to positive and lasting change. It all 388 00:21:17,400 --> 00:21:20,840 Speaker 10: came about after the departure of irana's chief executive of 389 00:21:20,920 --> 00:21:25,439 Speaker 10: twenty eight years, Lynn Anderson. Former National Aquarium of New 390 00:21:25,520 --> 00:21:28,639 Speaker 10: Zealand director Rachel Hayden has now taken over that role 391 00:21:28,680 --> 00:21:29,240 Speaker 10: as well. 392 00:21:29,080 --> 00:21:30,080 Speaker 3: All right, how's your weather? 393 00:21:30,880 --> 00:21:34,359 Speaker 10: Cloudy with showers returning in christ Church today, northerlys turning 394 00:21:34,400 --> 00:21:36,400 Speaker 10: southwest and a high thirteen. 395 00:21:36,520 --> 00:21:39,720 Speaker 3: Thank you Maxim Wellington, Max, good morning, Good and tag 396 00:21:40,680 --> 00:21:44,240 Speaker 3: Counsel and Action keeping families out of their homes. 397 00:21:44,200 --> 00:21:47,760 Speaker 11: Yes, sturing the Post this morning about two Wellington homeowners 398 00:21:47,800 --> 00:21:51,280 Speaker 11: having to evacuate their properties due to quite large slips 399 00:21:52,080 --> 00:21:55,639 Speaker 11: caused by you might imagine old pipes bursting under their properties. 400 00:21:55,840 --> 00:21:59,120 Speaker 11: A seat of large steps leading to these hillside properties 401 00:21:59,119 --> 00:22:02,760 Speaker 11: in Wadeestown color lapsed on Monday. Fire crews got the 402 00:22:02,800 --> 00:22:04,720 Speaker 11: owners out, then they had to wait a couple of 403 00:22:04,760 --> 00:22:07,080 Speaker 11: days just to hear from the council or Wellington Water 404 00:22:07,880 --> 00:22:09,600 Speaker 11: just to tell them whether they could go home or not. 405 00:22:09,720 --> 00:22:12,520 Speaker 11: No one checked in, no immediate assessment. And of course 406 00:22:12,560 --> 00:22:14,600 Speaker 11: this is a pipe that was installed in the nineteen 407 00:22:14,640 --> 00:22:18,480 Speaker 11: sixties that burst. The latest was yesterday. They were told 408 00:22:18,520 --> 00:22:22,480 Speaker 11: they couldn't return yet once private engineers visited, and they're 409 00:22:22,520 --> 00:22:24,439 Speaker 11: still trying to find out more from the council. The 410 00:22:24,440 --> 00:22:27,359 Speaker 11: Council's not telling them anything. They've tried the mayor as well. 411 00:22:27,400 --> 00:22:30,240 Speaker 11: They told the Post. At their wits end, assessments seem 412 00:22:30,280 --> 00:22:32,800 Speaker 11: to be being delayed. The pipe was always a ticking 413 00:22:32,840 --> 00:22:36,120 Speaker 11: time bomb. It's no surprise it burst. And on top 414 00:22:36,119 --> 00:22:38,040 Speaker 11: of all this the slip it may also affect the 415 00:22:38,119 --> 00:22:40,679 Speaker 11: Johnsonville rail line as well. It's quite close to that. 416 00:22:40,800 --> 00:22:43,919 Speaker 11: So more assessments need to happen. 417 00:22:43,760 --> 00:22:46,680 Speaker 3: Oh, for goodness sake. And they're busy naming new sister 418 00:22:46,760 --> 00:22:47,480 Speaker 3: cities in. 419 00:22:47,520 --> 00:22:52,000 Speaker 11: Garada, more sisters in the von Trapp family. 420 00:22:54,640 --> 00:22:56,119 Speaker 3: With the mix but of rain. 421 00:22:56,200 --> 00:22:59,480 Speaker 11: This morning has suddenly turned this afternoon fourteen the high Central. 422 00:22:59,160 --> 00:23:02,000 Speaker 3: Thank you hate me? You've good morning morning. Happy Friday? 423 00:23:02,119 --> 00:23:05,119 Speaker 12: Yes, yes, happy Friday, say it with meaning, Come on. 424 00:23:05,119 --> 00:23:09,879 Speaker 3: Happy Friday. Bootech stores in Auckland have been caught in 425 00:23:09,920 --> 00:23:10,919 Speaker 3: an overseas scam. 426 00:23:11,000 --> 00:23:14,320 Speaker 12: Oh these scammers, for goodness sake, Yes, Sam, those scamming 427 00:23:14,400 --> 00:23:17,560 Speaker 12: dam those scammers. Meticana Village. So what's happened is that 428 00:23:17,600 --> 00:23:20,800 Speaker 12: there's an online clothing shop based in Hong Kong for 429 00:23:20,880 --> 00:23:23,440 Speaker 12: attending to be a local store at Meticana Village and 430 00:23:24,040 --> 00:23:27,840 Speaker 12: Meticana Boutiques. Amy Hope says this issue really gets home 431 00:23:27,840 --> 00:23:29,800 Speaker 12: for her because the online shop is using the same 432 00:23:29,880 --> 00:23:33,840 Speaker 12: name as her business. She says, the social media ads, 433 00:23:34,200 --> 00:23:36,960 Speaker 12: you know, using the same font and there's another store 434 00:23:37,040 --> 00:23:40,400 Speaker 12: store to boutique owner. That's Alana Silk, she said. She said, 435 00:23:40,600 --> 00:23:44,680 Speaker 12: twelve people visiting asking for a specific jumper that they 436 00:23:44,720 --> 00:23:46,639 Speaker 12: saw on this online store and saying, oh, can we 437 00:23:46,680 --> 00:23:48,480 Speaker 12: come in and try it on? So they've been driving 438 00:23:48,480 --> 00:23:52,320 Speaker 12: out there and she's said to say, scam, scam, scam. 439 00:23:52,480 --> 00:23:52,760 Speaker 1: I know. 440 00:23:53,119 --> 00:23:54,240 Speaker 5: So not good. 441 00:23:54,240 --> 00:23:56,600 Speaker 12: And especially too, you know, you have the Medicana Village, 442 00:23:56,600 --> 00:23:59,840 Speaker 12: You've got you know, the the markets every Saturday, and 443 00:23:59,840 --> 00:24:02,400 Speaker 12: so people are driving out there saying oh I saw this, 444 00:24:02,560 --> 00:24:05,560 Speaker 12: and Facebook and blah blah blah. So it's all the skin. 445 00:24:05,440 --> 00:24:07,920 Speaker 3: These crazy they're going up, even small out. 446 00:24:07,960 --> 00:24:10,359 Speaker 12: I know, and especially for if the you know, like 447 00:24:10,880 --> 00:24:14,320 Speaker 12: got stuff for here for New Zealand brands and wanting 448 00:24:14,320 --> 00:24:16,720 Speaker 12: people to do local you know that. I think that's 449 00:24:16,840 --> 00:24:18,480 Speaker 12: really just upsetting. 450 00:24:18,040 --> 00:24:20,359 Speaker 3: Every shop in person. That's the moral of the story, 451 00:24:20,400 --> 00:24:22,280 Speaker 3: isn't it. You're going to go in there and see stuff, 452 00:24:22,600 --> 00:24:23,480 Speaker 3: make sure it's real. 453 00:24:23,680 --> 00:24:24,639 Speaker 12: Well that's right. 454 00:24:24,840 --> 00:24:26,480 Speaker 3: Yes, Hey, how's our weather? 455 00:24:26,600 --> 00:24:28,800 Speaker 12: We got scared of showers tuning in to rain heavy 456 00:24:28,800 --> 00:24:31,840 Speaker 12: falls for a time. This morning, sixteen is a high. 457 00:24:31,640 --> 00:24:35,720 Speaker 3: Brilliant neither, Thank you, great to see you. Enjoy your Friday. 458 00:24:36,240 --> 00:24:38,520 Speaker 3: It's just gone eighten minutes away from six o'clock. A 459 00:24:38,600 --> 00:24:41,040 Speaker 3: quick little update for you. This is out of Jakarta 460 00:24:41,160 --> 00:24:44,679 Speaker 3: overnight because Todd mcclay's over there assigning a deal, an 461 00:24:44,680 --> 00:24:50,720 Speaker 3: agricultural deal with the Indonesians and the two way trap. Well, 462 00:24:50,880 --> 00:24:53,200 Speaker 3: exports from our way over to their way about one 463 00:24:53,200 --> 00:24:55,280 Speaker 3: point six billion at the moment. I actually went with 464 00:24:55,760 --> 00:24:59,240 Speaker 3: John Key when he was Prime Minister and it would 465 00:24:59,359 --> 00:25:03,800 Speaker 3: have been the Trade minister Grosser way back in twenty twelve. 466 00:25:03,880 --> 00:25:06,320 Speaker 3: At that point I think it was one billion we 467 00:25:06,320 --> 00:25:09,080 Speaker 3: were exporting. It's now one point six billion, which is good, 468 00:25:09,160 --> 00:25:12,880 Speaker 3: but it hasn't exactly exploded taken off. So Todd mcclay's 469 00:25:12,880 --> 00:25:15,040 Speaker 3: over there at the moment. He's agg and Trade Minister. 470 00:25:15,119 --> 00:25:20,080 Speaker 3: He's signed a deal for long term commercial partnerships about cooperation. 471 00:25:20,280 --> 00:25:23,080 Speaker 3: It's specifically about agriculture, trying to get more of our 472 00:25:23,480 --> 00:25:25,600 Speaker 3: basically our milk, powder and beef over there. And the 473 00:25:25,640 --> 00:25:29,720 Speaker 3: Indonesians say this is good, but if you read their 474 00:25:29,760 --> 00:25:32,320 Speaker 3: side of the story, it must be balanced trade. In 475 00:25:32,359 --> 00:25:34,240 Speaker 3: other words, yes, we will take more of your milk 476 00:25:34,280 --> 00:25:36,520 Speaker 3: and your beef, but you're going to take more of 477 00:25:36,560 --> 00:25:42,280 Speaker 3: our rubber cocoa and palm oil. Sixteen away from six 478 00:25:42,359 --> 00:25:45,119 Speaker 3: News Talk said b Nicola willis coming up along with 479 00:25:45,520 --> 00:25:48,720 Speaker 3: our UK Europe correspondent on this net and Yahoo. 480 00:25:48,320 --> 00:25:52,760 Speaker 1: Meeting International correspondence with ends and eye insurance, peace of 481 00:25:52,800 --> 00:25:54,119 Speaker 1: mind for New Zealand business. 482 00:25:54,680 --> 00:25:56,879 Speaker 3: Well, turn away from six we'll get to Nikola Willison 483 00:25:56,920 --> 00:25:58,879 Speaker 3: just a second right now, Vins and macaviny a UK 484 00:25:59,000 --> 00:26:02,119 Speaker 3: Europe correspondent. And it sounds like the Israeli defense forces 485 00:26:02,200 --> 00:26:05,920 Speaker 3: currently warning civilians to get out of parts of Gaza. 486 00:26:06,000 --> 00:26:09,160 Speaker 3: This after reports that nitnya who actually wants to take 487 00:26:09,160 --> 00:26:09,520 Speaker 3: it over. 488 00:26:10,960 --> 00:26:13,440 Speaker 13: Yeah, that's right. This is an evacuation order for parts 489 00:26:13,520 --> 00:26:17,679 Speaker 13: of Gaza City's old town to evacuate immediately. And it 490 00:26:17,720 --> 00:26:22,280 Speaker 13: comes after a Security Council meeting chaired by Prime Minister Venuminetignahu, 491 00:26:22,400 --> 00:26:25,280 Speaker 13: where he expressed to his cabinet what has been long 492 00:26:25,359 --> 00:26:29,600 Speaker 13: thought that after the apparent collapse of Seafire talks with Hamas, 493 00:26:29,880 --> 00:26:33,199 Speaker 13: he wants a vast expansion of military operations. Now it 494 00:26:33,280 --> 00:26:35,800 Speaker 13: is slightly unclear what his plan is. He's saying that 495 00:26:35,800 --> 00:26:39,080 Speaker 13: they don't want to govern continuously Gaza, but they do 496 00:26:39,160 --> 00:26:41,160 Speaker 13: want to take full control of it. At the moment 497 00:26:41,200 --> 00:26:45,120 Speaker 13: they control around sort of three quarters of the territory, 498 00:26:45,119 --> 00:26:47,280 Speaker 13: but they want to fully take control. This will involve 499 00:26:47,359 --> 00:26:50,560 Speaker 13: moving into areas they haven't been before, particularly areas where 500 00:26:50,600 --> 00:26:54,480 Speaker 13: there are some sort of refugee camps in the middle 501 00:26:54,480 --> 00:26:57,560 Speaker 13: of it, where it's thought that some of the hostages 502 00:26:57,600 --> 00:27:00,680 Speaker 13: are still being held. And then he says it will 503 00:27:00,720 --> 00:27:04,680 Speaker 13: be the mission to eradicate Hamas and then for new 504 00:27:04,720 --> 00:27:07,600 Speaker 13: elections to take place and an hour of power to 505 00:27:07,680 --> 00:27:10,959 Speaker 13: come in and control the territory after that. So the 506 00:27:10,960 --> 00:27:13,959 Speaker 13: broad outlines of a plan, but it's already sparking condemnation, 507 00:27:14,520 --> 00:27:17,879 Speaker 13: not just externally but also internally. There are reports that 508 00:27:17,920 --> 00:27:20,880 Speaker 13: people senior in the IDF are not happy with this plan. 509 00:27:21,000 --> 00:27:23,919 Speaker 13: They think their reserves are exhausted. Already there has been 510 00:27:23,960 --> 00:27:27,840 Speaker 13: a rise in suicide among young Israelis in those defense forces, 511 00:27:28,480 --> 00:27:31,840 Speaker 13: and so it remains to be seeing whether or not Venuineesnia. 512 00:27:31,240 --> 00:27:33,240 Speaker 2: Who can get this over the line with his. 513 00:27:33,280 --> 00:27:36,400 Speaker 3: Country, appreciate that. Thanks so much for your time. Vincent 514 00:27:36,440 --> 00:27:38,840 Speaker 3: mcavini are UK europe correspondent with an update on the 515 00:27:38,880 --> 00:27:41,800 Speaker 3: situation in Gaza. It is twelve minutes away from six 516 00:27:41,880 --> 00:27:46,240 Speaker 3: now Brian Bridge. So Jasindra Doom was worn repeatedly along 517 00:27:46,240 --> 00:27:48,920 Speaker 3: with Grant Robertson that his spending spree during COVID would 518 00:27:48,960 --> 00:27:52,280 Speaker 3: have died consequences, and she was warned Aszuli As twenty twenty, 519 00:27:52,440 --> 00:27:56,480 Speaker 3: newly released documents Showadun's own treasury advised that a blowout 520 00:27:56,520 --> 00:27:59,280 Speaker 3: of public deal would leave us vulnerable for any future 521 00:27:59,359 --> 00:28:04,399 Speaker 3: crises and avoided advised to rather to better target the spending. 522 00:28:04,480 --> 00:28:06,960 Speaker 3: Nicola Witus is the Finance minister with me this morning. Minister, 523 00:28:07,400 --> 00:28:08,280 Speaker 3: good morning. 524 00:28:09,080 --> 00:28:09,679 Speaker 8: Good morning. 525 00:28:09,760 --> 00:28:11,959 Speaker 3: First of all, does the government have any response to 526 00:28:12,080 --> 00:28:14,760 Speaker 3: what Netnya who's just announced he wants to fully take 527 00:28:14,800 --> 00:28:17,960 Speaker 3: control of Gaza looks forgive me? 528 00:28:18,200 --> 00:28:20,359 Speaker 14: I have not been briefed on that, and I know 529 00:28:20,520 --> 00:28:22,960 Speaker 14: very well on matters of vignacys, one should be brief 530 00:28:23,040 --> 00:28:24,080 Speaker 14: before one comments. 531 00:28:24,840 --> 00:28:29,040 Speaker 3: Fair Now this report from treasury. Does this mean that 532 00:28:29,119 --> 00:28:32,360 Speaker 3: in future events you won't be doing what Labor did 533 00:28:32,480 --> 00:28:34,800 Speaker 3: and pulling the fiscal lever and leave it to the 534 00:28:34,800 --> 00:28:35,400 Speaker 3: Reserve Bank. 535 00:28:36,480 --> 00:28:40,280 Speaker 14: That's exactly what it means. This is officials who have 536 00:28:40,440 --> 00:28:43,920 Speaker 14: looked very keyfully at what went on. They are not 537 00:28:44,160 --> 00:28:47,640 Speaker 14: political and what they make very clear in this report 538 00:28:47,760 --> 00:28:51,240 Speaker 14: very politely, is that big mistakes were made in the 539 00:28:51,280 --> 00:28:55,080 Speaker 14: way that the last government used government spending to respond 540 00:28:55,120 --> 00:28:59,120 Speaker 14: to COVID, and they are urging future politicians not to 541 00:28:59,200 --> 00:29:02,320 Speaker 14: repeat those mists, and our government will not. 542 00:29:02,800 --> 00:29:05,440 Speaker 3: The vast bulk of that spending was on the wage subsidy. 543 00:29:05,520 --> 00:29:08,680 Speaker 3: Did you support that, Well, that's. 544 00:29:08,480 --> 00:29:12,600 Speaker 14: Not actually correct. The wage subsidy was around thirty five 545 00:29:12,680 --> 00:29:17,720 Speaker 14: percent of spending, h percent was health, eighteen percent was health. 546 00:29:17,760 --> 00:29:19,040 Speaker 14: That here's here's the kicker. 547 00:29:19,440 --> 00:29:20,760 Speaker 8: Nearly half of. 548 00:29:20,760 --> 00:29:24,080 Speaker 14: The COVID spending was on a range of things with 549 00:29:24,240 --> 00:29:28,400 Speaker 14: a very varied range of objectives, whether that was school lunches, 550 00:29:28,520 --> 00:29:33,240 Speaker 14: increases to welfare benefits, public housing. Now all good things 551 00:29:33,280 --> 00:29:37,760 Speaker 14: that we know that many people like. But actually what 552 00:29:37,800 --> 00:29:40,400 Speaker 14: the officials say is that didn't really make a difference 553 00:29:40,440 --> 00:29:42,920 Speaker 14: to the economy doing that stuff. Much of it had 554 00:29:42,960 --> 00:29:46,920 Speaker 14: a very lad defect, and it racked up huge amounts 555 00:29:46,920 --> 00:29:50,920 Speaker 14: of debt. It was extremely inflationary, and we're now in 556 00:29:50,920 --> 00:29:53,120 Speaker 14: the position of the country where we are paying the 557 00:29:53,200 --> 00:29:56,040 Speaker 14: price for that. And so the point is, Yep, you've 558 00:29:56,080 --> 00:29:58,120 Speaker 14: got to do some things. You've got to do wage subsidies, 559 00:29:58,160 --> 00:30:00,440 Speaker 14: you've got to increase your spending on the health system, 560 00:30:00,720 --> 00:30:03,040 Speaker 14: but be really careful that you do the things you 561 00:30:03,200 --> 00:30:05,920 Speaker 14: have to do and don't rack up so much extra 562 00:30:05,960 --> 00:30:08,440 Speaker 14: spending and debt that we end up as an economy 563 00:30:08,520 --> 00:30:11,640 Speaker 14: paying it off for a very long time. That's what 564 00:30:11,640 --> 00:30:12,600 Speaker 14: the last government did. 565 00:30:12,840 --> 00:30:14,959 Speaker 3: Yeah, but it's your continuing with it, aren't you. I mean, 566 00:30:15,000 --> 00:30:18,360 Speaker 3: the bureaucrat counts barely moved. You've still got massive government, 567 00:30:18,720 --> 00:30:21,719 Speaker 3: still spending more than spending more than you are earning. 568 00:30:23,240 --> 00:30:26,200 Speaker 14: Well, I reject that. Across our first two budgets, we 569 00:30:26,280 --> 00:30:29,920 Speaker 14: have already delivered forty four billion dollars worth of savings. 570 00:30:30,200 --> 00:30:32,040 Speaker 14: Now it is correct that we have put a lot 571 00:30:32,040 --> 00:30:35,760 Speaker 14: of those savings back into the system into education. 572 00:30:37,640 --> 00:30:39,200 Speaker 3: Government's still just as big, right. 573 00:30:40,640 --> 00:30:43,000 Speaker 14: No, it is not just as big, because what we 574 00:30:43,120 --> 00:30:49,920 Speaker 14: have had smaller. Well, we have constrained government spending significantly. 575 00:30:50,080 --> 00:30:54,240 Speaker 14: We've had much smaller editions of additional funding, and we 576 00:30:54,320 --> 00:30:56,600 Speaker 14: have ensured that we're in a position where over the 577 00:30:56,680 --> 00:30:59,480 Speaker 14: next four years we can get the books back in balance, 578 00:31:00,200 --> 00:31:02,160 Speaker 14: that track down, that we get them back in balance 579 00:31:02,200 --> 00:31:04,040 Speaker 14: and we start bending down the deck. 580 00:31:03,880 --> 00:31:05,960 Speaker 3: To Yeah, but that's one that's all Grant used to 581 00:31:06,040 --> 00:31:08,840 Speaker 3: tell us too. How much smaller is the government now 582 00:31:08,920 --> 00:31:10,880 Speaker 3: under your watch than it was under labor. I mean, 583 00:31:10,880 --> 00:31:13,240 Speaker 3: you keep saying they increased spending eighty four percent, blah 584 00:31:13,280 --> 00:31:15,760 Speaker 3: blah blah. How much smaller is government spending now than 585 00:31:15,800 --> 00:31:16,120 Speaker 3: it was? 586 00:31:17,400 --> 00:31:20,200 Speaker 14: Well, government spending is on track to come down to 587 00:31:20,320 --> 00:31:24,760 Speaker 14: thirty point nine percent for context, the last government drove 588 00:31:24,800 --> 00:31:28,479 Speaker 14: it up to thirty four percent of the overall size 589 00:31:28,520 --> 00:31:32,640 Speaker 14: of the economy. And most importantly, what we've done is 590 00:31:32,720 --> 00:31:35,520 Speaker 14: ensured that when we've been making investments, we're doing them 591 00:31:35,560 --> 00:31:38,200 Speaker 14: in a way that actually stimulates growth in the private 592 00:31:38,200 --> 00:31:42,320 Speaker 14: sector of the economy, things like making sure we're reducing taxes, 593 00:31:42,640 --> 00:31:45,600 Speaker 14: making sure we've got that investment boost scheme for businesses, 594 00:31:45,640 --> 00:31:48,800 Speaker 14: because we know the countries don't get rich just by 595 00:31:48,800 --> 00:31:51,080 Speaker 14: growing the size of their government. They have to grow 596 00:31:51,120 --> 00:31:54,160 Speaker 14: the size of those who are making things, milding. 597 00:31:53,760 --> 00:31:56,520 Speaker 3: Things, very doing things very quickly. We've got the tariffs 598 00:31:56,520 --> 00:31:59,200 Speaker 3: coming in today. Do we have when is Todd McClay 599 00:31:59,240 --> 00:32:01,240 Speaker 3: going to be over there? Do we have any idea 600 00:32:01,280 --> 00:32:03,440 Speaker 3: whether they're going to give us a reprieve? 601 00:32:04,720 --> 00:32:08,160 Speaker 14: Well, look, I think that those who observe Trump and 602 00:32:08,200 --> 00:32:12,000 Speaker 14: look internationally can see that that seems very unlikely at 603 00:32:12,000 --> 00:32:12,680 Speaker 14: the stage. 604 00:32:12,760 --> 00:32:12,920 Speaker 3: Now. 605 00:32:12,960 --> 00:32:15,760 Speaker 14: That means that New Zealand needs to keep pressing our case. 606 00:32:15,840 --> 00:32:19,000 Speaker 14: We need to keep making sure the a Uish administration 607 00:32:19,160 --> 00:32:21,440 Speaker 14: remembers what a good partner they have been to them. 608 00:32:21,520 --> 00:32:24,640 Speaker 14: But look, I look at Switzerland. They went over and 609 00:32:24,640 --> 00:32:26,640 Speaker 14: did a huge amount of negotiating. They thought they were 610 00:32:26,640 --> 00:32:28,239 Speaker 14: going to be on a low tariff. They ended up 611 00:32:28,280 --> 00:32:28,840 Speaker 14: on thirty nine. 612 00:32:29,560 --> 00:32:32,240 Speaker 3: Made almost made it careful, almost made the situation where 613 00:32:32,320 --> 00:32:34,680 Speaker 3: Nicola would appreciate your time this morning, Finance Minister. It 614 00:32:34,760 --> 00:32:36,840 Speaker 3: is seven away from six News Talks. 615 00:32:36,800 --> 00:32:41,880 Speaker 1: Bet Ryan Bridge on early edition with ex bowl insulation, 616 00:32:42,200 --> 00:32:45,680 Speaker 1: keeping Kili hoes warm and try this winter News Talks. 617 00:32:45,680 --> 00:32:47,760 Speaker 3: A'd be five to six on your Friday morning and 618 00:32:47,840 --> 00:32:50,640 Speaker 3: Mike's in the studio. Mike, good morning, Good to see you. Ryan. 619 00:32:50,680 --> 00:32:52,960 Speaker 3: We've got those terriffs coming in and I've got a 620 00:32:52,960 --> 00:32:55,000 Speaker 3: good idea which I just wanted to run by you, 621 00:32:55,080 --> 00:32:58,480 Speaker 3: min You know Trump likes a bit of flattery. Sure, 622 00:32:59,240 --> 00:33:03,800 Speaker 3: why don't we a national park or one of our 623 00:33:03,920 --> 00:33:06,560 Speaker 3: ocean sanctuaries after him. 624 00:33:06,280 --> 00:33:08,560 Speaker 5: Like the Trump track instead of the heavy track. Exactly 625 00:33:08,680 --> 00:33:11,640 Speaker 5: the Trump track. He has good idea, great idea because 626 00:33:12,200 --> 00:33:13,920 Speaker 5: you're white boarding as almost right. 627 00:33:14,280 --> 00:33:16,880 Speaker 3: And there's five percent off your terriffy jove nights. 628 00:33:16,920 --> 00:33:18,040 Speaker 5: It's all it takes, isn't it. 629 00:33:18,120 --> 00:33:20,480 Speaker 3: Can you imagine the GREENI is sucking up her walking 630 00:33:20,480 --> 00:33:24,520 Speaker 3: on the Trump's track? Will o Jean Prime? Did you 631 00:33:24,600 --> 00:33:27,800 Speaker 3: mention that? Did you read it out? Did I read 632 00:33:27,840 --> 00:33:28,280 Speaker 3: it out? 633 00:33:28,560 --> 00:33:29,840 Speaker 5: What I can't understand? 634 00:33:29,920 --> 00:33:30,040 Speaker 4: She? 635 00:33:30,280 --> 00:33:32,880 Speaker 5: I watch Question Time, as you know, religiously. She is 636 00:33:32,920 --> 00:33:35,080 Speaker 5: their weakest link. Shows. She's seen to some sort of 637 00:33:35,080 --> 00:33:37,000 Speaker 5: frontline operator, and they get her up in the house 638 00:33:37,000 --> 00:33:40,160 Speaker 5: on a regular basis asking questions. I don't think she's 639 00:33:40,200 --> 00:33:42,520 Speaker 5: that bright, not to be mean to her personally, but 640 00:33:42,880 --> 00:33:45,360 Speaker 5: I've never seen a person unable to think on her 641 00:33:45,400 --> 00:33:50,240 Speaker 5: feet as poorly as she is, and worse than TETI yes, 642 00:33:50,480 --> 00:33:53,160 Speaker 5: and that and that really is saying something. And so 643 00:33:53,280 --> 00:33:57,160 Speaker 5: when you look at the correspondence this morning, it is indefensive. 644 00:33:57,240 --> 00:33:58,000 Speaker 5: It is, isn't it? 645 00:33:58,080 --> 00:34:01,560 Speaker 3: And the excuse is so my dog ate the homework out? 646 00:34:02,560 --> 00:34:04,160 Speaker 3: Oh no, I did mean to meet with it. I'm 647 00:34:04,200 --> 00:34:05,960 Speaker 3: sure you'll have it all forever. We will. 648 00:34:06,040 --> 00:34:08,600 Speaker 5: And then you get Hipkins yesterday talking about a capital 649 00:34:08,640 --> 00:34:12,120 Speaker 5: gains tax again? Have they not losed that lesson? Three times? 650 00:34:12,560 --> 00:34:14,920 Speaker 3: They're not. We tried to get them on today apparently 651 00:34:15,200 --> 00:34:21,240 Speaker 3: too early season All Happy Friday. 652 00:34:22,840 --> 00:34:25,799 Speaker 1: For more from Early Edition with Ryan Bridge. Listen live 653 00:34:25,960 --> 00:34:28,960 Speaker 1: to news talks. It'd be from five am weekdays, or 654 00:34:29,000 --> 00:34:30,920 Speaker 1: follow the podcast on iHeartRadio