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 Kiwi Holmes 3 00:00:09,320 --> 00:00:09,800 Speaker 1: warm and. 4 00:00:09,800 --> 00:00:12,399 Speaker 2: Tray this winter news talks. That'd be good morning. 5 00:00:12,400 --> 00:00:14,920 Speaker 3: It is six after five Thursday to thirty, first of July. 6 00:00:15,040 --> 00:00:18,040 Speaker 3: Great to have your company this morning. Kiwibank's capital rays 7 00:00:18,079 --> 00:00:20,520 Speaker 3: we look at this before six o'clock and the potential 8 00:00:21,160 --> 00:00:24,920 Speaker 3: partial float of Kiwibank as well. You know, would Keywis 9 00:00:25,000 --> 00:00:29,240 Speaker 3: really care if foreigners partly owned our bank? Well, look 10 00:00:29,240 --> 00:00:32,199 Speaker 3: at that Chatham's Air The CEOs on the show. Regional 11 00:00:32,240 --> 00:00:36,160 Speaker 3: airlines are feeling the heat. The air traffic control costs 12 00:00:36,159 --> 00:00:38,920 Speaker 3: are going up by more than seventeen percent over the 13 00:00:39,000 --> 00:00:41,600 Speaker 3: next three years. So can they hold on? Mitch McCann 14 00:00:41,640 --> 00:00:44,639 Speaker 3: and the US for US. Oh, and congratulations, we've all 15 00:00:44,640 --> 00:00:47,720 Speaker 3: survived the great Tsunamani alert of twenty twenty five. 16 00:00:49,880 --> 00:00:53,920 Speaker 2: The agenda. 17 00:00:54,720 --> 00:00:58,040 Speaker 3: Yes, those alerts across the Pacific made more waves in 18 00:00:58,080 --> 00:01:00,520 Speaker 3: the headlines than they did in the water WAYI and 19 00:01:00,680 --> 00:01:03,840 Speaker 3: Japan have now downgraded their loots. 20 00:01:04,319 --> 00:01:07,840 Speaker 4: The potential for strong currents or dangerous waves are expected 21 00:01:07,880 --> 00:01:11,000 Speaker 4: are occurring. For those in or near the water. There 22 00:01:11,000 --> 00:01:14,280 Speaker 4: may be flooding of beach or harbor areas. Those who 23 00:01:14,280 --> 00:01:18,320 Speaker 4: have evacuated new safety return home. Based on Kaunty assessments 24 00:01:18,360 --> 00:01:19,120 Speaker 4: and directors. 25 00:01:19,160 --> 00:01:22,640 Speaker 3: The California coast and some small pots in North America 26 00:01:22,680 --> 00:01:25,120 Speaker 3: the only ones left with warnings for now. 27 00:01:25,560 --> 00:01:28,920 Speaker 5: We are pretty lucky and in the United States West 28 00:01:28,920 --> 00:01:32,640 Speaker 5: Coast we are looking at mostly less than one meter 29 00:01:32,720 --> 00:01:36,720 Speaker 5: of water, which again means damages to coastlines and harbors, 30 00:01:36,959 --> 00:01:41,560 Speaker 5: but luckily not much inundation on land. The only part 31 00:01:41,640 --> 00:01:44,200 Speaker 5: that we still have in a warning, which is potentially 32 00:01:44,400 --> 00:01:46,800 Speaker 5: over one meter of water, where we do start worrying 33 00:01:46,840 --> 00:01:50,040 Speaker 5: about water flooding onto land is a small portion of 34 00:01:50,040 --> 00:01:51,760 Speaker 5: northern California. 35 00:01:52,000 --> 00:01:55,080 Speaker 3: Trump tariff watched this morning. He's threatening India, this time 36 00:01:55,160 --> 00:01:58,680 Speaker 3: threatening twenty five percent tariff on impulse. They haven't made 37 00:01:58,680 --> 00:02:01,920 Speaker 3: the well the deadlines to morrow, but not looking like 38 00:02:01,960 --> 00:02:03,800 Speaker 3: they're going to meet it, So he's putting the pressure 39 00:02:03,800 --> 00:02:06,560 Speaker 3: on and he's promising some sort of penalty for India 40 00:02:06,600 --> 00:02:08,320 Speaker 3: buying Russian energy and weapons. 41 00:02:08,520 --> 00:02:11,079 Speaker 6: It's not the end of the road. It seems more 42 00:02:11,160 --> 00:02:13,680 Speaker 6: like a bump. It seems that India from its side, 43 00:02:13,919 --> 00:02:17,760 Speaker 6: is hoping that they'll be able to convince US negotiators 44 00:02:18,440 --> 00:02:19,480 Speaker 6: the farewell. 45 00:02:19,040 --> 00:02:22,919 Speaker 3: For Ozzie Osborne and Birmingham in the UK taking place overnight. 46 00:02:22,960 --> 00:02:25,640 Speaker 3: The Osborne family were in tears taking a moment to 47 00:02:25,680 --> 00:02:27,359 Speaker 3: read tributes and laid flowers. 48 00:02:27,600 --> 00:02:30,120 Speaker 7: It's a bit of a somber atmosphere now, but as 49 00:02:30,120 --> 00:02:32,960 Speaker 7: you can hear, the chance of Ozzie's name are still 50 00:02:33,000 --> 00:02:34,000 Speaker 7: ringing out everywhere. 51 00:02:34,120 --> 00:02:35,240 Speaker 8: But this is what Ozzie would have. 52 00:02:35,240 --> 00:02:37,680 Speaker 7: Wanted, a celebration of his life rather than a morning 53 00:02:38,040 --> 00:02:38,720 Speaker 7: of his dad. 54 00:02:41,040 --> 00:02:43,560 Speaker 1: The first word on the News of the Day early 55 00:02:43,760 --> 00:02:47,960 Speaker 1: edition with Ryan Bridge and ex Fole Insulation keeping Kighi 56 00:02:48,000 --> 00:02:49,280 Speaker 1: Holmes warm and dry. 57 00:02:49,360 --> 00:02:51,000 Speaker 2: This winter news talk, sa'd be. 58 00:02:51,080 --> 00:02:53,200 Speaker 8: So everybody's safe from the tsunami. That's good. 59 00:02:53,440 --> 00:02:55,680 Speaker 3: They do say still to stay out of the water, 60 00:02:55,680 --> 00:02:58,000 Speaker 3: I mean, don't go boating this morning. Probably not the 61 00:02:58,360 --> 00:03:01,640 Speaker 3: smartest idea, but it was watching a lot of the 62 00:03:01,639 --> 00:03:05,000 Speaker 3: coverage yesterday out of Hawaii in particular, and you have 63 00:03:05,120 --> 00:03:08,080 Speaker 3: the news casters who were sitting there with a live 64 00:03:08,160 --> 00:03:11,200 Speaker 3: shot and the sun's fading, and I know what they're thinking. 65 00:03:11,200 --> 00:03:14,080 Speaker 3: They're thinking, Oh, the sun's going down and we won't 66 00:03:14,080 --> 00:03:16,600 Speaker 3: be able to show people when the actual tsunami comes, 67 00:03:16,639 --> 00:03:20,080 Speaker 3: which is the pictures that we want. However, never really 68 00:03:20,120 --> 00:03:22,600 Speaker 3: came did it. There was a bit of you know, 69 00:03:22,720 --> 00:03:25,520 Speaker 3: snarl up in the ocean, there was some sea going out, 70 00:03:25,560 --> 00:03:28,040 Speaker 3: but then it came back in and nothing really happened, 71 00:03:28,800 --> 00:03:31,280 Speaker 3: which is good, which is great because no one was hurt. 72 00:03:31,600 --> 00:03:33,400 Speaker 8: But how do you have you. 73 00:03:33,320 --> 00:03:35,760 Speaker 3: Know, they said it's the top ten in the top 74 00:03:35,800 --> 00:03:41,360 Speaker 3: ten recorded history biggest earthquake, it's a megaquake, one of 75 00:03:41,400 --> 00:03:44,640 Speaker 3: the strongest ever recorded, eight point eight magnitude, And of 76 00:03:44,680 --> 00:03:47,200 Speaker 3: course we had evacuations around the Ring of fire. But 77 00:03:47,320 --> 00:03:50,680 Speaker 3: how do you get at an earthquake so big and 78 00:03:50,720 --> 00:03:56,360 Speaker 3: then have so little damage? That's my question, not conspiracy 79 00:03:56,640 --> 00:03:59,680 Speaker 3: theorizing here, but it would just you know, how does 80 00:03:59,720 --> 00:04:03,560 Speaker 3: that have and how do you have such widespread tsunami 81 00:04:03,600 --> 00:04:09,760 Speaker 3: alerts with so little tsunami. It's not an exact science, obviously, 82 00:04:09,800 --> 00:04:11,360 Speaker 3: so I'm sure that that's part of the problem that 83 00:04:11,400 --> 00:04:14,440 Speaker 3: they have. But you know, they kept showing the same 84 00:04:15,000 --> 00:04:18,440 Speaker 3: house with the same facade crumbling. We saw that same 85 00:04:18,480 --> 00:04:20,920 Speaker 3: picture yesterday over and over and over again. And there 86 00:04:21,000 --> 00:04:23,040 Speaker 3: was another one of a house shaking with some tiles 87 00:04:23,040 --> 00:04:25,200 Speaker 3: coming off the roof, but that was about it. You know, 88 00:04:25,680 --> 00:04:29,640 Speaker 3: how do you get in the top ten biggest earthquakes 89 00:04:29,680 --> 00:04:32,960 Speaker 3: mega earthquakes in the history of a recorded history of 90 00:04:33,000 --> 00:04:33,400 Speaker 3: the world. 91 00:04:33,640 --> 00:04:35,760 Speaker 8: And if two tiles fall off a guy's roof. 92 00:04:35,640 --> 00:04:39,240 Speaker 3: In Russia, you know, someone who's smarter than me will 93 00:04:39,240 --> 00:04:42,599 Speaker 3: be able to answer that question. In terms of the tsunami, 94 00:04:42,960 --> 00:04:44,840 Speaker 3: the reason that they put the alerts out is because 95 00:04:44,839 --> 00:04:47,440 Speaker 3: they it's not an exact science and they just don't know. 96 00:04:47,800 --> 00:04:50,120 Speaker 3: And what's more, I was listening to a guy yesterday 97 00:04:50,160 --> 00:04:51,880 Speaker 3: who was a scientist, who was saying. 98 00:04:52,000 --> 00:04:53,479 Speaker 8: Well, you know what would you rather. 99 00:04:53,720 --> 00:04:57,680 Speaker 3: Would you rather have some alerts go out and potentially 100 00:04:57,720 --> 00:05:00,880 Speaker 3: save your life or would you rather a box day tsunami, 101 00:05:00,920 --> 00:05:03,040 Speaker 3: which you know two thousand and four we all remember 102 00:05:03,080 --> 00:05:06,560 Speaker 3: that there were no alerts then and how many two 103 00:05:06,680 --> 00:05:09,160 Speaker 3: hundred and thirty thousand people died, And I'm sure they 104 00:05:09,160 --> 00:05:14,560 Speaker 3: would have loved an alert. So yes, they're annoying. And 105 00:05:14,960 --> 00:05:17,280 Speaker 3: on top of all the weather ones we get. You know, 106 00:05:17,320 --> 00:05:20,520 Speaker 3: how many times is NIMA going to make my fine 107 00:05:20,839 --> 00:05:22,200 Speaker 3: vibrate this year? 108 00:05:22,680 --> 00:05:26,440 Speaker 8: That's my question? Nine two ninety two is the number text. 109 00:05:26,480 --> 00:05:28,960 Speaker 3: It's just gone eleven minutes after five here on news Talk, 110 00:05:29,000 --> 00:05:30,479 Speaker 3: sa'd be We're going to look at a couple of 111 00:05:30,480 --> 00:05:34,760 Speaker 3: things finance wise this morning. One is ki We Savor 112 00:05:34,839 --> 00:05:38,200 Speaker 3: and the other is kei We Bank Kiwi Bank potentially 113 00:05:38,200 --> 00:05:39,160 Speaker 3: getting a partial float. 114 00:05:39,160 --> 00:05:40,360 Speaker 8: We'll look at that a little later on. 115 00:05:40,880 --> 00:05:43,719 Speaker 3: And I've also got some numbers for you this morning, 116 00:05:43,800 --> 00:05:46,640 Speaker 3: a zero small Business Insights. This is the interesting one 117 00:05:46,680 --> 00:05:50,040 Speaker 3: from June. I'll give you those numbers next on. 118 00:05:50,040 --> 00:05:54,080 Speaker 1: Your radio and online on iheard radio early edition with 119 00:05:54,320 --> 00:05:58,320 Speaker 1: Ryan Bridge and x Fole Insulation keeping Kiwi homes warm 120 00:05:58,400 --> 00:06:02,200 Speaker 1: and dry this winter, TALKSB News, Talks HEB. 121 00:06:02,279 --> 00:06:05,559 Speaker 3: It's just gone fourteen after five. Here's yeah, zero small 122 00:06:05,600 --> 00:06:08,800 Speaker 3: Business Insights. This is for the June quarter. It's looking 123 00:06:08,800 --> 00:06:11,360 Speaker 3: at sales for our small businesses and it's not a 124 00:06:11,400 --> 00:06:15,880 Speaker 3: great story. So the June quarter was down zero point 125 00:06:15,880 --> 00:06:19,480 Speaker 3: one percent year on year. That's a drop from a 126 00:06:19,600 --> 00:06:21,840 Speaker 3: positive one point one percent year on year for the 127 00:06:21,880 --> 00:06:26,120 Speaker 3: March quarter. So we are going backwards, well behind the 128 00:06:26,160 --> 00:06:29,160 Speaker 3: long term national average two of six point three percent 129 00:06:29,320 --> 00:06:34,520 Speaker 3: year on year, and much behind Australia for quarter two 130 00:06:34,560 --> 00:06:37,200 Speaker 3: of twenty twenty five three percent for the Aussies and 131 00:06:37,240 --> 00:06:41,120 Speaker 3: we were minus zero point one. One good piece of 132 00:06:41,160 --> 00:06:42,719 Speaker 3: news to come out of this. It was released at 133 00:06:42,720 --> 00:06:45,240 Speaker 3: five o'clock this morning was an increase. This is for 134 00:06:45,320 --> 00:06:48,560 Speaker 3: the month of June, four point four percent year on 135 00:06:48,640 --> 00:06:51,000 Speaker 3: year for the month of June. So it looked to 136 00:06:51,000 --> 00:06:53,520 Speaker 3: be picking up towards tail end of the quarter, which 137 00:06:53,520 --> 00:06:56,560 Speaker 3: is obviously a good thing. And all your usual stories agriculture, good, 138 00:06:56,600 --> 00:06:59,520 Speaker 3: South Island good everything else bit lame. 139 00:07:00,080 --> 00:07:02,080 Speaker 8: Quarter past five, Bryant Bridge. 140 00:07:02,240 --> 00:07:04,200 Speaker 3: More energy is on the way and it's coming from 141 00:07:04,240 --> 00:07:07,800 Speaker 3: below our feet Energy mister Shane Jones announcing yesterday plan 142 00:07:07,960 --> 00:07:11,480 Speaker 3: to double our production of geothermal energy by twenty forty. 143 00:07:11,720 --> 00:07:14,559 Speaker 3: He says we have the potential to be a world 144 00:07:14,680 --> 00:07:18,880 Speaker 3: leader in the geothermal sector. Stuart Hamilton is Mercury Energy 145 00:07:18,960 --> 00:07:19,960 Speaker 3: CEO with me this morning. 146 00:07:20,040 --> 00:07:22,880 Speaker 8: Hey Stuart, good morning, How are you good? Thank you? 147 00:07:23,040 --> 00:07:24,040 Speaker 8: What did you make of this? 148 00:07:24,280 --> 00:07:26,720 Speaker 3: I mean it's a first of all, it's a draft plan, 149 00:07:27,480 --> 00:07:30,120 Speaker 3: but is there enough meat on the bones for you? 150 00:07:31,160 --> 00:07:33,440 Speaker 9: Yeah, it's a good start, we think. Looking Zilland's already 151 00:07:33,440 --> 00:07:36,880 Speaker 9: a global leader in gfrmal energy production and we've produced 152 00:07:36,920 --> 00:07:40,360 Speaker 9: about twenty percent of our achristy from gffrmal compared to 153 00:07:40,640 --> 00:07:42,520 Speaker 9: a place like the US where it's less than one 154 00:07:42,680 --> 00:07:45,800 Speaker 9: so we've definitely got huge potential to not only just 155 00:07:45,960 --> 00:07:49,760 Speaker 9: use this to decarbonize as young, but actually potentially grow 156 00:07:49,880 --> 00:07:53,040 Speaker 9: our economy and various advanced technologies like supercritical. 157 00:07:53,280 --> 00:07:55,360 Speaker 3: Why do we need the government to be stumping up 158 00:07:55,360 --> 00:07:57,240 Speaker 3: money for drilling new wells? 159 00:07:57,880 --> 00:08:01,400 Speaker 9: So welling is a Drilling wells is a huge upfront 160 00:08:01,440 --> 00:08:04,840 Speaker 9: cost and large risk in geofrmal development. So we drill 161 00:08:04,880 --> 00:08:08,280 Speaker 9: wells are about three klimeters deep and each well cost 162 00:08:08,400 --> 00:08:12,640 Speaker 9: is about fifteen to twenty million dollars. So despite extensive investigation, 163 00:08:12,760 --> 00:08:15,800 Speaker 9: sometimes you can miss that hot liquid under our feet. 164 00:08:16,080 --> 00:08:19,320 Speaker 9: And when each geoffrmal field needs about ten to twenty wells, 165 00:08:19,360 --> 00:08:21,640 Speaker 9: it's a pretty large upfront cost and risk. 166 00:08:22,440 --> 00:08:24,440 Speaker 3: How do you know where the hot liquid is? Well, 167 00:08:24,480 --> 00:08:27,640 Speaker 3: obviously it's not an exact science exactly. 168 00:08:27,680 --> 00:08:29,720 Speaker 9: That you can do quite a lot of investigation from 169 00:08:29,720 --> 00:08:32,400 Speaker 9: the surface to get an understanding of what where the 170 00:08:32,480 --> 00:08:34,520 Speaker 9: liquid might be and when the heat might be, but 171 00:08:34,559 --> 00:08:36,520 Speaker 9: it's not until you actually start drilling that you get 172 00:08:36,520 --> 00:08:38,679 Speaker 9: a feel for whether you've got both the heat, but 173 00:08:38,720 --> 00:08:41,120 Speaker 9: you actually need to have the hot liquid as well, 174 00:08:41,160 --> 00:08:42,560 Speaker 9: so you need both of those in combination. 175 00:08:43,000 --> 00:08:44,640 Speaker 3: When are we going to start drilling or are we 176 00:08:44,720 --> 00:08:48,360 Speaker 3: already you know, more than five k's for the real 177 00:08:48,400 --> 00:08:49,240 Speaker 3: potent stuff. 178 00:08:50,320 --> 00:08:53,800 Speaker 9: Yeah, so the supercritical is something which we're working on 179 00:08:53,840 --> 00:08:56,839 Speaker 9: at the moment. There's probably going to be it's sort 180 00:08:56,840 --> 00:08:59,440 Speaker 9: of in development over the next couple of years, but 181 00:09:00,200 --> 00:09:01,960 Speaker 9: that in the meantime, we're actually doing quite a lot 182 00:09:02,000 --> 00:09:05,320 Speaker 9: of work with conventional GF thermal, so mercury. For example, 183 00:09:05,360 --> 00:09:08,599 Speaker 9: we're currently doing a three hundred million dollar expansion of 184 00:09:08,640 --> 00:09:11,120 Speaker 9: one of our sites and that will come on stream 185 00:09:11,280 --> 00:09:14,400 Speaker 9: early next year and produced enough power for the whole 186 00:09:14,400 --> 00:09:16,680 Speaker 9: of the city of Wellington, for example. So we're pushing 187 00:09:16,679 --> 00:09:20,680 Speaker 9: pretty hard with just the conventional geoffrmal in conjunction with 188 00:09:20,720 --> 00:09:21,600 Speaker 9: the supercritical. 189 00:09:21,760 --> 00:09:24,880 Speaker 3: If we were to double what the Minister says we 190 00:09:24,880 --> 00:09:27,880 Speaker 3: should be doing, doubling the production of geothermal energy by 191 00:09:27,920 --> 00:09:30,520 Speaker 3: twenty forty how many holes. 192 00:09:30,240 --> 00:09:31,840 Speaker 8: Do we need to drill? You know, how much is 193 00:09:31,880 --> 00:09:32,600 Speaker 8: this going to cost? 194 00:09:33,520 --> 00:09:37,920 Speaker 9: Yeah, it's pretty significant, So doubling our energy, and even mercury, 195 00:09:38,120 --> 00:09:40,640 Speaker 9: we've got our own sort of goals to actually double 196 00:09:40,679 --> 00:09:43,040 Speaker 9: our size by twenty thirty five. So there's a fair 197 00:09:43,040 --> 00:09:45,520 Speaker 9: bit of investment and we're talking billions of dollars and 198 00:09:45,559 --> 00:09:48,640 Speaker 9: potentially just the whole of the electricity sector has another 199 00:09:49,080 --> 00:09:51,600 Speaker 9: ten billion dollars worth of investment over the next five 200 00:09:51,679 --> 00:09:55,400 Speaker 9: years alone, so that's a significant investment in the industry. 201 00:09:55,400 --> 00:09:57,160 Speaker 9: But that's absolutely needed. 202 00:09:57,840 --> 00:10:01,240 Speaker 3: And we'll be paying for that through higher prices with electricity. 203 00:10:02,000 --> 00:10:05,720 Speaker 9: So typically what happens is we taken it part of 204 00:10:05,720 --> 00:10:08,280 Speaker 9: our the money we're making an invested back into the sector. 205 00:10:08,360 --> 00:10:10,240 Speaker 9: So over the half of the money that we've made 206 00:10:10,320 --> 00:10:12,320 Speaker 9: in the last couple of years actually goes back into 207 00:10:12,840 --> 00:10:15,199 Speaker 9: new and existing power stations. 208 00:10:16,040 --> 00:10:19,280 Speaker 3: Hey, appreciate your time this morning. Stuart Stuart Hamilton, Mercury 209 00:10:19,400 --> 00:10:23,959 Speaker 3: Energy chief Executive on Shane Jones' big geo thermal steam 210 00:10:24,040 --> 00:10:24,720 Speaker 3: up yesterday. 211 00:10:24,800 --> 00:10:26,160 Speaker 8: He was quite excited by this. 212 00:10:26,240 --> 00:10:30,560 Speaker 3: Interestingly, he because he got in big trouble the day before, 213 00:10:31,200 --> 00:10:34,079 Speaker 3: got the night before when he made his little tweaks 214 00:10:34,120 --> 00:10:36,760 Speaker 3: to the oil and gas band reversal, which has taken 215 00:10:36,760 --> 00:10:41,360 Speaker 3: them sweet amount of time. But yesterday there was all 216 00:10:41,400 --> 00:10:45,319 Speaker 3: the scientists under the sun. We're coming out loving Shane Jones. 217 00:10:46,480 --> 00:10:51,880 Speaker 3: What an exciting time, said Isabelle chamber Fought from Energy Futures. 218 00:10:52,679 --> 00:10:54,840 Speaker 3: She says, what an exciting time. The strategy lays the 219 00:10:54,840 --> 00:10:58,040 Speaker 3: groundwork for a national, forward looking and collective approach to 220 00:10:58,120 --> 00:11:01,640 Speaker 3: the next generation of geo thermally, they just lapping it 221 00:11:01,720 --> 00:11:06,200 Speaker 3: up Professor Barry Barton. He says this is a significant 222 00:11:06,240 --> 00:11:10,640 Speaker 3: move from the government. Interestingly, he also points out that 223 00:11:10,679 --> 00:11:17,840 Speaker 3: there are moldy stakes in geo thermal unresolved claims against 224 00:11:17,920 --> 00:11:22,280 Speaker 3: the Crown through the White Tangi Tribunal over geo thermal areas. 225 00:11:22,360 --> 00:11:24,640 Speaker 3: So what happens there and what does Shane think about 226 00:11:24,640 --> 00:11:27,880 Speaker 3: all of that. It's nineteen minutes after five. News Talk said, 227 00:11:27,920 --> 00:11:29,520 Speaker 3: BE News. 228 00:11:29,200 --> 00:11:31,600 Speaker 2: And Views you trust to start your day. 229 00:11:31,920 --> 00:11:37,000 Speaker 1: It's earlier Ediship with Ryan Bridge at Expol Insulation Keeping, Kiwi, Holmes, 230 00:11:37,040 --> 00:11:38,480 Speaker 1: Warn and Drey this winter. 231 00:11:38,760 --> 00:11:39,560 Speaker 2: News Talk said BE. 232 00:11:39,760 --> 00:11:42,520 Speaker 3: Twenty one minutes after five. They've had a Halliban morning 233 00:11:42,559 --> 00:11:43,320 Speaker 3: over in the UK. 234 00:11:43,480 --> 00:11:43,920 Speaker 8: Well evening. 235 00:11:43,960 --> 00:11:47,319 Speaker 3: I shit's over in the UK with flights diverted, flights 236 00:11:47,360 --> 00:11:50,200 Speaker 3: affected by air traffic control problems. So it looks like 237 00:11:50,200 --> 00:11:52,240 Speaker 3: they're getting it sorted and under control right now. 238 00:11:52,920 --> 00:11:53,560 Speaker 8: Back home. 239 00:11:53,880 --> 00:11:56,440 Speaker 3: The cost of flying to and from every airport in 240 00:11:56,480 --> 00:11:58,640 Speaker 3: this country is about to go up airways. These are 241 00:11:58,679 --> 00:12:01,120 Speaker 3: the guys who run air traffic control. They're upping their 242 00:12:01,160 --> 00:12:04,240 Speaker 3: fees seventeen point seven percent over the next three years. 243 00:12:04,559 --> 00:12:07,880 Speaker 3: Dwyane Eminy is the Air Chatham CEO with me this morning. 244 00:12:07,960 --> 00:12:10,640 Speaker 8: Draane, good morning, very good morning, Brian. Good to have 245 00:12:10,720 --> 00:12:12,160 Speaker 8: you on the show. What does this mean for you? 246 00:12:13,760 --> 00:12:16,920 Speaker 10: Ah, well, it's another cost, It's another structural cost that 247 00:12:16,960 --> 00:12:19,720 Speaker 10: we have no control over, that we have to you know, 248 00:12:19,840 --> 00:12:22,600 Speaker 10: somehow absorb or attempt to pass on. So yeah, it's 249 00:12:22,640 --> 00:12:23,120 Speaker 10: not a good thing. 250 00:12:23,960 --> 00:12:26,719 Speaker 3: Is it enough to put you know, regional airlines out 251 00:12:26,760 --> 00:12:28,800 Speaker 3: of business? I mean, we're seeing a lot of stories 252 00:12:28,800 --> 00:12:31,280 Speaker 3: about regional airlines struggling at the moment. Is you know, 253 00:12:31,360 --> 00:12:33,200 Speaker 3: obviously this is not a great move, but is it 254 00:12:33,280 --> 00:12:34,480 Speaker 3: enough to tip some over the edge? 255 00:12:34,520 --> 00:12:34,960 Speaker 8: Do you think? 256 00:12:36,080 --> 00:12:36,320 Speaker 11: Yeah? 257 00:12:36,400 --> 00:12:38,520 Speaker 10: I think, well you've already seen it, aren't you. I 258 00:12:38,600 --> 00:12:40,560 Speaker 10: mean we're down to there. You've got roots being cut, 259 00:12:40,600 --> 00:12:43,280 Speaker 10: you've got airplanes being sold. I can assure you that 260 00:12:43,320 --> 00:12:46,440 Speaker 10: all regional airlines, including ourselves, are looking at similar things. 261 00:12:47,480 --> 00:12:50,360 Speaker 10: So you know, it's it's not it's just not going 262 00:12:50,400 --> 00:12:53,120 Speaker 10: to work long term if we keep doing the same 263 00:12:53,160 --> 00:12:56,760 Speaker 10: old thing and hoping for a different result. I think, really, 264 00:12:58,280 --> 00:13:01,120 Speaker 10: you know, in our opinion, we've got to really get 265 00:13:01,160 --> 00:13:04,080 Speaker 10: back to the root cause of why we have the 266 00:13:04,120 --> 00:13:07,400 Speaker 10: issue that we have today and I look at it 267 00:13:07,440 --> 00:13:10,800 Speaker 10: and think, well, we seem to have a more expensive 268 00:13:10,840 --> 00:13:13,720 Speaker 10: system from a customer perspective, but we actually have a 269 00:13:13,720 --> 00:13:18,000 Speaker 10: worse service. So why is that? And it was interesting 270 00:13:18,080 --> 00:13:20,599 Speaker 10: I was coming on talking to you this morning. I 271 00:13:20,640 --> 00:13:22,600 Speaker 10: was having a look back at some of the reports 272 00:13:23,360 --> 00:13:27,640 Speaker 10: sort of November twenty fourteen and when Ayzia made their 273 00:13:27,679 --> 00:13:30,240 Speaker 10: decisions to cut one of their original carries at the time, 274 00:13:30,240 --> 00:13:33,120 Speaker 10: which was Eagerly Are. They had a fleet of about 275 00:13:33,160 --> 00:13:37,280 Speaker 10: eighteen small eighteen ceed aircraft that really connected a lot 276 00:13:37,320 --> 00:13:40,000 Speaker 10: of regional New Zealand and at the time it was 277 00:13:40,480 --> 00:13:43,000 Speaker 10: decision was made to cut that because it was costing 278 00:13:43,480 --> 00:13:45,560 Speaker 10: and just for luction and't words a million dollars a month, 279 00:13:45,640 --> 00:13:49,920 Speaker 10: so twelve million dollars a year, but that that airline 280 00:13:49,920 --> 00:13:52,120 Speaker 10: would be cut and then the investment would go into 281 00:13:52,200 --> 00:13:55,840 Speaker 10: larger tubo proper aircraft and ultimately everyone would get a 282 00:13:55,920 --> 00:13:59,040 Speaker 10: bit of service at lower cost. Well, you know we 283 00:13:59,120 --> 00:14:03,160 Speaker 10: are ten years later and that's absolutely not the net 284 00:14:03,200 --> 00:14:04,720 Speaker 10: result hasn't happened. 285 00:14:05,440 --> 00:14:06,960 Speaker 3: What so what do we need to do to fix 286 00:14:07,000 --> 00:14:09,520 Speaker 3: this then? Because I mean airways, I mean, well it's 287 00:14:09,520 --> 00:14:11,719 Speaker 3: a bit of a it's a monopoly really isn't it. 288 00:14:11,720 --> 00:14:14,840 Speaker 3: I mean, they consult and then they just charge essentially 289 00:14:14,840 --> 00:14:17,719 Speaker 3: what they want, but presumably they have costs they need 290 00:14:17,760 --> 00:14:19,920 Speaker 3: to increase and cover as well. 291 00:14:20,280 --> 00:14:21,080 Speaker 8: What's the solution. 292 00:14:23,040 --> 00:14:25,320 Speaker 10: Yeah, well, I think you look at the airways example. 293 00:14:25,520 --> 00:14:28,040 Speaker 10: I mean, and again this is my opinion, they hid 294 00:14:28,120 --> 00:14:32,360 Speaker 10: behind their state owned enterprise band. What's the legislative requirement 295 00:14:32,400 --> 00:14:34,880 Speaker 10: to provide a profit back to their shareholder, which is 296 00:14:34,880 --> 00:14:38,320 Speaker 10: effective for a government, So you know the government had 297 00:14:38,360 --> 00:14:40,600 Speaker 10: some control over that cost. They could actually go to 298 00:14:40,600 --> 00:14:43,000 Speaker 10: the airways and say, hey, we needed a better here. 299 00:14:44,160 --> 00:14:47,120 Speaker 10: You know, we shouldn't really be making a profit while 300 00:14:47,120 --> 00:14:49,840 Speaker 10: these regional airlines and other airlines in general suffering. So 301 00:14:50,400 --> 00:14:52,000 Speaker 10: you know, what can we do about that? Because the 302 00:14:52,040 --> 00:14:54,520 Speaker 10: reality is there is no other provider that's going to 303 00:14:54,520 --> 00:14:58,680 Speaker 10: come in and compete against them because the infrastructure costs 304 00:14:59,680 --> 00:15:03,360 Speaker 10: require to do that are significant. So I think that's 305 00:15:03,400 --> 00:15:05,520 Speaker 10: an area that needs to be looked at. And then 306 00:15:05,560 --> 00:15:07,960 Speaker 10: again you've got to go back to the root course. 307 00:15:08,080 --> 00:15:10,760 Speaker 10: Like ten years ago, twenty years ago, we had a 308 00:15:10,840 --> 00:15:13,920 Speaker 10: much more vibrant aviation ecosystem in this country. You had 309 00:15:13,960 --> 00:15:16,480 Speaker 10: a lot more airlines, a lot more aircraft, so you 310 00:15:16,520 --> 00:15:19,040 Speaker 10: had a lot more people playing into the system and 311 00:15:19,120 --> 00:15:21,800 Speaker 10: chaining into the system as well. But of course, as 312 00:15:21,840 --> 00:15:26,200 Speaker 10: any zones made decisions to withdraw from these smaller regions, 313 00:15:27,200 --> 00:15:30,880 Speaker 10: you know, cut its fleet size, consolidate into larger tubo 314 00:15:30,960 --> 00:15:34,160 Speaker 10: proper aircraft and obviously into gen aircraft on some of 315 00:15:34,160 --> 00:15:37,520 Speaker 10: these regional routes, it ultimately means you've got less planes, 316 00:15:37,720 --> 00:15:41,840 Speaker 10: less frequency, in my opinion, or worse service, but you've 317 00:15:41,840 --> 00:15:44,280 Speaker 10: actually got less people playing in. So then these bloated 318 00:15:44,320 --> 00:15:49,600 Speaker 10: corporate organizations like your Ways and the CIA is some extents, 319 00:15:49,600 --> 00:15:51,760 Speaker 10: because they all run corporate structures, they will have high 320 00:15:51,760 --> 00:15:55,760 Speaker 10: pay salaries and then really high overheads. They have to 321 00:15:55,800 --> 00:15:58,000 Speaker 10: spread that across the users. And of course the only 322 00:15:58,040 --> 00:15:59,560 Speaker 10: way you can do that is put the prices up. 323 00:15:59,560 --> 00:16:02,440 Speaker 10: And that's what happening, That's what you're seeing. That's what's 324 00:16:02,920 --> 00:16:05,640 Speaker 10: airlines like US are trying to put into ticket prices. 325 00:16:06,120 --> 00:16:08,800 Speaker 10: The customers pushing back and saying, hey, this is too much. 326 00:16:08,880 --> 00:16:10,760 Speaker 10: I'm good joming the Karen drives. 327 00:16:11,080 --> 00:16:16,040 Speaker 3: Yeah, it's literally unaffordable. Douane appreciate that really interesting stuff. 328 00:16:16,120 --> 00:16:19,520 Speaker 3: Duane Emini, who's Edge Adams chief executive time now is 329 00:16:19,640 --> 00:16:21,960 Speaker 3: twenty six after five quick update on Keep Bank and 330 00:16:22,000 --> 00:16:22,440 Speaker 3: Keep we Save. 331 00:16:22,600 --> 00:16:27,200 Speaker 1: Next the early edition full show podcast on iHeartRadio, how 332 00:16:27,240 --> 00:16:28,360 Speaker 1: it By News talks at Me. 333 00:16:29,480 --> 00:16:31,720 Speaker 3: A couple of predictions for you this morning, at twenty 334 00:16:31,760 --> 00:16:34,880 Speaker 3: eight minutes after five won. The National Party will campaign 335 00:16:34,960 --> 00:16:36,160 Speaker 3: on a partial float of. 336 00:16:36,160 --> 00:16:37,640 Speaker 8: Kiwi Bank at the next election. 337 00:16:37,880 --> 00:16:40,320 Speaker 3: I think it's looking and sounding more and more like 338 00:16:40,400 --> 00:16:43,360 Speaker 3: they will. The question is whether voters will care. I 339 00:16:43,400 --> 00:16:46,520 Speaker 3: don't think so. Asset sales are not the great electoral 340 00:16:46,680 --> 00:16:49,840 Speaker 3: disaster that they were once portrayed. As asked John Key, 341 00:16:49,840 --> 00:16:52,800 Speaker 3: who whipped Phil Goff's but in twenty eleven on a 342 00:16:52,880 --> 00:16:56,720 Speaker 3: platform of partially privatizing assets. It was a devastating loss 343 00:16:56,720 --> 00:16:58,160 Speaker 3: for Phil Goff and the Labor Party. 344 00:16:58,760 --> 00:16:59,520 Speaker 8: Key, we saber. 345 00:17:00,120 --> 00:17:03,840 Speaker 3: Another prediction for you this morning, we will pay and 346 00:17:03,920 --> 00:17:07,600 Speaker 3: our employers will pay I think twelve percent before long's 347 00:17:07,720 --> 00:17:12,400 Speaker 3: currently eight percent for a piece. That will increase too, 348 00:17:12,960 --> 00:17:15,600 Speaker 3: and the need for it to increase is just look 349 00:17:15,600 --> 00:17:20,080 Speaker 3: across the Tasman where they have four trillion dollars in 350 00:17:20,400 --> 00:17:25,080 Speaker 3: retirement funds, our QI saver balances collectively just over a billion. 351 00:17:25,080 --> 00:17:27,560 Speaker 3: It's David and Goliath, so we need to save more. 352 00:17:28,160 --> 00:17:30,640 Speaker 3: And if we're serious about the Kibank taking on the Aussies. 353 00:17:30,960 --> 00:17:34,879 Speaker 3: They need more cash too. Twenty nine after five Bridge 354 00:17:34,920 --> 00:17:37,560 Speaker 3: Bridge and we will get to. 355 00:17:38,880 --> 00:17:43,560 Speaker 1: Brian Bridge on early edition with ex bowl insulation keeping 356 00:17:43,640 --> 00:17:47,040 Speaker 1: Kiwi homes warm and try this Winter News Talks a b. 357 00:17:50,280 --> 00:18:02,680 Speaker 12: On me. Good morning. 358 00:18:02,720 --> 00:18:04,600 Speaker 3: It is twenty four minutes away from the six News 359 00:18:04,600 --> 00:18:06,960 Speaker 3: Talk said be you'll love this story. This is about 360 00:18:07,000 --> 00:18:10,480 Speaker 3: the COP you know, the UN Climate conference that they 361 00:18:10,520 --> 00:18:13,720 Speaker 3: hold every year. This is COP thirty in November in 362 00:18:13,840 --> 00:18:17,760 Speaker 3: Brazil and they're having an emergency UN meeting about it. 363 00:18:17,880 --> 00:18:22,679 Speaker 3: So an emergency meeting about an emergency situation because the 364 00:18:22,720 --> 00:18:25,159 Speaker 3: price of the hotels is too expensive apparently for a 365 00:18:25,160 --> 00:18:27,119 Speaker 3: lot of the people who are wanting to attend. Do 366 00:18:27,160 --> 00:18:30,680 Speaker 3: you know how many people go to COP by the way, 367 00:18:30,720 --> 00:18:32,479 Speaker 3: the group that they call a meeting. When you've got 368 00:18:32,480 --> 00:18:34,760 Speaker 3: a problem with your hotels at your COP conference, you 369 00:18:34,880 --> 00:18:39,000 Speaker 3: convene a meeting, an emergency meeting of the UN's COP Bureau. 370 00:18:39,760 --> 00:18:43,080 Speaker 8: This is an actual thing. So who you're going to call. 371 00:18:43,200 --> 00:18:46,440 Speaker 3: You're going to call the COP Bureau and they are 372 00:18:46,800 --> 00:18:51,080 Speaker 3: forty five thousand people are going to attend COP thirty 373 00:18:51,280 --> 00:18:55,080 Speaker 3: in November in Brazil. Forty five that's almost the size 374 00:18:55,119 --> 00:18:59,320 Speaker 3: of Nelson traveling. Most of them, you'd say business class 375 00:18:59,560 --> 00:19:04,119 Speaker 3: traveling to Brazil to talk about the climate. You know, 376 00:19:04,320 --> 00:19:07,000 Speaker 3: we're serious. The problem is a lot of the poor 377 00:19:07,040 --> 00:19:10,160 Speaker 3: countries can't afford the hotel rooms. This is a city 378 00:19:10,160 --> 00:19:12,560 Speaker 3: of one point three million people where they're holding it, 379 00:19:13,200 --> 00:19:15,840 Speaker 3: and they're going to transplant forty five thousand people there 380 00:19:16,280 --> 00:19:22,359 Speaker 3: for the conference and eighteen thousand hotel beds. They're expanding 381 00:19:22,400 --> 00:19:25,720 Speaker 3: to eighteen thousand hotel beds. So desperate are they the 382 00:19:25,760 --> 00:19:29,720 Speaker 3: Brazilian government, they are now getting two cruise ships to 383 00:19:29,840 --> 00:19:31,560 Speaker 3: provide six thousand. 384 00:19:31,200 --> 00:19:34,960 Speaker 8: Extra beds for delegates. Are on what planet? 385 00:19:35,400 --> 00:19:38,719 Speaker 3: Now here's the kicker, and this is the cheap price 386 00:19:38,800 --> 00:19:41,879 Speaker 3: of a hotel room for COP thirty the cheap price 387 00:19:42,160 --> 00:19:46,159 Speaker 3: that they are subsidizing for third world countries. So we 388 00:19:46,200 --> 00:19:49,399 Speaker 3: won't get this price, but the cheap going rate for 389 00:19:49,560 --> 00:19:52,679 Speaker 3: a room at COP three hundred and seventy one New 390 00:19:52,760 --> 00:19:58,040 Speaker 3: Zealand dollars. Good luck, Well twenty two to six. Ryan 391 00:19:58,440 --> 00:20:01,639 Speaker 3: Michael sircles with US Denise News this morning. Michael, good morning, 392 00:20:01,680 --> 00:20:04,560 Speaker 3: Good morning. Boiled water notice could be shortened. 393 00:20:05,200 --> 00:20:08,680 Speaker 13: Yes for two Central Otago communities ran Purley and Partieroa 394 00:20:09,400 --> 00:20:12,680 Speaker 13: currently under a precautionally boil water notice which is due 395 00:20:12,720 --> 00:20:15,560 Speaker 13: to go into the December. While water treatment plants are 396 00:20:15,560 --> 00:20:19,440 Speaker 13: being upgraded. Both towns water treatment processes lack a barrier 397 00:20:19,600 --> 00:20:24,520 Speaker 13: of proto zoa and that could cause illnesses. The district 398 00:20:24,520 --> 00:20:28,160 Speaker 13: councils agreed now to borrow a containerized UV unit from 399 00:20:28,200 --> 00:20:31,680 Speaker 13: the Selwyn District Council to serve as a temporary barrier. 400 00:20:32,320 --> 00:20:35,240 Speaker 13: So that means that everything could be operational by September, 401 00:20:35,560 --> 00:20:37,600 Speaker 13: allowing the council to lift the notus three to four 402 00:20:37,600 --> 00:20:39,120 Speaker 13: months earlier than previously expected. 403 00:20:39,200 --> 00:20:42,280 Speaker 8: All right, that's good news, Michael. How's the weather partly? Cloudly? 404 00:20:42,320 --> 00:20:44,320 Speaker 13: The chants of showers eight the high today brilliant. 405 00:20:44,320 --> 00:20:46,760 Speaker 3: Thank you Claires and christ Chuts this morning, clear, good morning, 406 00:20:47,000 --> 00:20:52,120 Speaker 3: good morning. You've got some international recognition for Christchurch City Council. 407 00:20:52,640 --> 00:20:56,360 Speaker 14: It's right well, indeed, specifically for the council's fire detection 408 00:20:56,640 --> 00:20:59,840 Speaker 14: and monitoring initiatives. So we have fifteen cents as of 409 00:21:00,000 --> 00:21:00,639 Speaker 14: cross the city. 410 00:21:00,640 --> 00:21:00,880 Speaker 11: Here. 411 00:21:01,040 --> 00:21:04,760 Speaker 14: They gather information on things like air pollution, smoke, wind 412 00:21:04,840 --> 00:21:08,080 Speaker 14: speed and even wind direction, along with some visual and 413 00:21:08,359 --> 00:21:11,840 Speaker 14: thermal imaging. It helps to detect the early signs of 414 00:21:11,920 --> 00:21:14,480 Speaker 14: any fire in christ Church. Now, this is a project 415 00:21:14,480 --> 00:21:18,680 Speaker 14: which uses smart technology. It's now won the International Innovation 416 00:21:18,800 --> 00:21:21,680 Speaker 14: of the Year award. That's at the Society for Innovation, 417 00:21:21,800 --> 00:21:25,919 Speaker 14: Technology and Modernization Awards held in the UK. Earlier this 418 00:21:26,040 --> 00:21:28,280 Speaker 14: year we had four more of the senses added to 419 00:21:28,400 --> 00:21:31,359 Speaker 14: the Port Hills near Summit Road, of course, the area 420 00:21:31,440 --> 00:21:35,520 Speaker 14: where those massive Porthills fires were in twenty seventeen. 421 00:21:35,040 --> 00:21:38,919 Speaker 15: And just last year. How's your were the Claire rainy today? 422 00:21:39,000 --> 00:21:41,880 Speaker 14: It will clear to mostly find some southerly strong about 423 00:21:41,920 --> 00:21:43,560 Speaker 14: Banks Peninsula and a high of ten. 424 00:21:43,880 --> 00:21:46,479 Speaker 3: All right, thank you, max Is and Wellington, Max good morning, 425 00:21:46,800 --> 00:21:50,000 Speaker 3: good morning. Have we had any confirmation on the FBI 426 00:21:50,080 --> 00:21:52,560 Speaker 3: director and his potential visit to Wellington? 427 00:21:53,280 --> 00:21:57,280 Speaker 16: Well we have, yes, this is a excuse me, Cash Patel, 428 00:21:57,520 --> 00:22:00,720 Speaker 16: Donald Trump's appointed. Yeah, the current direct through the FBI, 429 00:22:00,880 --> 00:22:04,040 Speaker 16: very big cheese in global security. Spotted by an eagle 430 00:22:04,080 --> 00:22:07,840 Speaker 16: eyed member of our newsroom in Parliament alongside other US 431 00:22:07,840 --> 00:22:10,720 Speaker 16: officials yesterday. What he's been doing in New Zealand, we 432 00:22:10,760 --> 00:22:13,480 Speaker 16: don't know. It can assume he most likely met with 433 00:22:13,560 --> 00:22:15,800 Speaker 16: Winston Peters, but no word from him, no word from 434 00:22:15,840 --> 00:22:19,280 Speaker 16: Judith Collins either no confirmation by the US embassy. But 435 00:22:19,840 --> 00:22:22,960 Speaker 16: before you start suspecting a possible case of mistaken identity, 436 00:22:23,040 --> 00:22:26,439 Speaker 16: Nicola Willis did confirm to Newstalk z EDB it was 437 00:22:26,480 --> 00:22:30,840 Speaker 16: in fact Cash Patel at Parliament yesterday. Then she suggested 438 00:22:30,880 --> 00:22:34,000 Speaker 16: perhaps she shouldn't have confirmed it, but flight records then 439 00:22:34,080 --> 00:22:37,359 Speaker 16: did show Patel traveling from Hawaii to Sydney to Wellington. 440 00:22:37,720 --> 00:22:40,399 Speaker 16: The US Embassy would only say this that we have 441 00:22:40,520 --> 00:22:43,400 Speaker 16: many official visits to New Zealand and comment on those 442 00:22:43,480 --> 00:22:45,840 Speaker 16: at the appropriate time when they're in a position to 443 00:22:45,880 --> 00:22:48,760 Speaker 16: do so. So a lot of coyness around this visit 444 00:22:48,800 --> 00:22:51,320 Speaker 16: a visit, but it was confirmed Cash. 445 00:22:51,119 --> 00:22:53,639 Speaker 8: Pateel Here we go, Nicola, let the cat out of 446 00:22:53,640 --> 00:22:53,920 Speaker 8: the bag. 447 00:22:54,520 --> 00:22:56,840 Speaker 3: It's not hugely professional, isn't it, you know when they're 448 00:22:56,840 --> 00:22:59,399 Speaker 3: trying to be secret about this stuff? And didn't she 449 00:22:59,480 --> 00:23:01,560 Speaker 3: say something about how hot the bodyguards were. 450 00:23:02,080 --> 00:23:04,560 Speaker 16: She did say that a lot of attractive men in 451 00:23:04,600 --> 00:23:08,119 Speaker 16: suits were walking around Parliament yesterday. Yes, great day for Nikola. 452 00:23:08,400 --> 00:23:12,520 Speaker 16: How's the weather showers early clearing later? Southerly's ten the 453 00:23:12,560 --> 00:23:13,640 Speaker 16: hey Central, nice. 454 00:23:13,480 --> 00:23:17,600 Speaker 3: Thank you Nevasva, good morning delays. This is about the 455 00:23:17,640 --> 00:23:20,360 Speaker 3: Western Springs decision, making another delay. 456 00:23:20,160 --> 00:23:23,000 Speaker 7: Another delay. You're quite right, so yeah, bit of disappointment 457 00:23:23,040 --> 00:23:24,959 Speaker 7: to you. So the Auckland Council was set to discuss 458 00:23:24,960 --> 00:23:28,560 Speaker 7: the issue at today's governing body meeting. Now that is 459 00:23:28,600 --> 00:23:32,640 Speaker 7: going to come up after October's local elections. So as 460 00:23:32,680 --> 00:23:34,600 Speaker 7: we know, you know, this was after uplan and FC 461 00:23:34,720 --> 00:23:38,239 Speaker 7: back proposal with Drew citing the extended timelines and all 462 00:23:38,240 --> 00:23:41,720 Speaker 7: these complexities around it. So Councilor Shane Henderson has come out. 463 00:23:41,760 --> 00:23:44,159 Speaker 7: He said, look, the last council meeting when the issue 464 00:23:44,200 --> 00:23:48,040 Speaker 7: was discussed, it got quite heated. So it's a tough decision, 465 00:23:48,160 --> 00:23:50,239 Speaker 7: he said. You know, it's a shame that it's been 466 00:23:50,280 --> 00:23:52,080 Speaker 7: dragged out, but that's what it is. So that's a 467 00:23:52,119 --> 00:23:55,040 Speaker 7: new angle. It will be discussed after the election. 468 00:23:55,320 --> 00:23:59,280 Speaker 8: Oh god. So we have to keep hearing about Western Springs. 469 00:23:59,320 --> 00:24:03,400 Speaker 3: That's right, bomb under it. I'm second hearing about it. 470 00:24:03,400 --> 00:24:05,880 Speaker 3: It was sit there in the same state it is now. 471 00:24:05,960 --> 00:24:06,800 Speaker 7: I totally agree with you. 472 00:24:06,920 --> 00:24:10,000 Speaker 3: In another ten years yep, all right, Neva House, the weather 473 00:24:10,040 --> 00:24:10,919 Speaker 3: and all place you think. 474 00:24:10,760 --> 00:24:14,120 Speaker 7: About hearing this, expect strong and unusual currents and unpredictable 475 00:24:14,160 --> 00:24:18,200 Speaker 7: soogas as opposed to urgas. At the shore. The warning 476 00:24:18,240 --> 00:24:21,439 Speaker 7: hasn't been withdrawn people. And you know what the funny 477 00:24:21,440 --> 00:24:23,159 Speaker 7: thing is is when you're told don't go down to 478 00:24:23,200 --> 00:24:25,840 Speaker 7: the beach, they all bloody flop down there. 479 00:24:25,840 --> 00:24:29,119 Speaker 3: There was a guy yesterday the Hawaiian news coverage, I 480 00:24:29,160 --> 00:24:31,879 Speaker 3: think it was NBC and there was a guy on 481 00:24:31,920 --> 00:24:34,399 Speaker 3: a paddle board and they were saying we're just waiting 482 00:24:34,440 --> 00:24:35,840 Speaker 3: for the tsunami to come in, and. 483 00:24:35,800 --> 00:24:37,960 Speaker 8: The other do it on a paddle board. 484 00:24:38,960 --> 00:24:41,159 Speaker 3: Don't do that, don't do that, please don't it's that 485 00:24:41,320 --> 00:24:42,040 Speaker 3: seventeen to six. 486 00:24:42,080 --> 00:24:43,920 Speaker 8: Thanks Neva, you're on news Talk sa'd. 487 00:24:43,760 --> 00:24:46,439 Speaker 3: B will get to Mitch McCann's Stateside next for the 488 00:24:46,520 --> 00:24:49,800 Speaker 3: latest on the White House action against India on trade, Yes, 489 00:24:50,000 --> 00:24:52,760 Speaker 3: India in Trump sites this morning. And then kir We 490 00:24:52,880 --> 00:24:56,960 Speaker 3: Bank this partial potential for a partial float on the 491 00:24:57,040 --> 00:25:02,359 Speaker 3: Stock exchange and the five h hundred billion dollars that 492 00:25:02,400 --> 00:25:05,720 Speaker 3: they are hopefully going to pick up after an announcement 493 00:25:05,720 --> 00:25:06,840 Speaker 3: from Nicola Willis yesterday. 494 00:25:06,880 --> 00:25:08,040 Speaker 8: It's all ahead before. 495 00:25:07,840 --> 00:25:12,320 Speaker 1: Six international correspondents with ends and eye insurance, peace of 496 00:25:12,359 --> 00:25:14,040 Speaker 1: mind for New Zealand business. 497 00:25:14,480 --> 00:25:16,679 Speaker 3: We'll check kvy Bank in a second just gone fourteen 498 00:25:16,720 --> 00:25:20,320 Speaker 3: away from six now and Mitch McCann is our US correspondent. 499 00:25:20,320 --> 00:25:22,040 Speaker 8: Mitch, good morning, Good. 500 00:25:21,920 --> 00:25:23,400 Speaker 15: Morning, Ryan, how are you very well? 501 00:25:23,440 --> 00:25:24,720 Speaker 8: Thank you tell us about this. 502 00:25:24,880 --> 00:25:28,840 Speaker 3: We're a day away from the trade deadline and Trump's 503 00:25:28,840 --> 00:25:30,760 Speaker 3: in to trade deadline and we've got a bit of 504 00:25:30,800 --> 00:25:31,840 Speaker 3: a hit out on India. 505 00:25:32,600 --> 00:25:34,960 Speaker 15: Yeah, that's right. Donald Trump wanted to sign I think 506 00:25:35,000 --> 00:25:37,879 Speaker 15: it was ninety deals in ninety days, Ryan. Unfortunately for 507 00:25:37,920 --> 00:25:40,680 Speaker 15: the president, I think he's managed five. And on the 508 00:25:40,720 --> 00:25:43,720 Speaker 15: first of August, these reciprocal tariffs are going to come 509 00:25:43,720 --> 00:25:46,800 Speaker 15: into place. These are new tariff rates pretty high for 510 00:25:46,920 --> 00:25:50,359 Speaker 15: most of America's partners. But instead of signing a deal 511 00:25:50,440 --> 00:25:53,440 Speaker 15: with India, he's decided he's going to slap a twenty 512 00:25:53,480 --> 00:25:55,960 Speaker 15: five percent tariff on in there. He said, India is 513 00:25:56,000 --> 00:25:58,440 Speaker 15: our friend, but we've done little business with him over 514 00:25:58,440 --> 00:26:00,800 Speaker 15: the last few years because their tariff are too high, 515 00:26:01,080 --> 00:26:03,760 Speaker 15: which really indicates he's not happy with the way trade 516 00:26:03,760 --> 00:26:07,240 Speaker 15: negotiations have been going. And another important aspect of this 517 00:26:07,359 --> 00:26:09,960 Speaker 15: is that Donald Trump says India has been buying too 518 00:26:10,040 --> 00:26:14,440 Speaker 15: much military equipment and energy from Russia, and he's threatening 519 00:26:14,480 --> 00:26:18,040 Speaker 15: a second tariff concerning that matter in the coming days. 520 00:26:18,080 --> 00:26:21,479 Speaker 15: So Donald Trump says all things not good in capital letters, 521 00:26:21,800 --> 00:26:24,440 Speaker 15: and he's implementing a twenty five percent tariff on India. 522 00:26:25,119 --> 00:26:28,000 Speaker 3: And you've been watching our government calling for a two 523 00:26:28,000 --> 00:26:30,160 Speaker 3: state solution to Gaza. 524 00:26:30,240 --> 00:26:31,520 Speaker 8: This is at a UN conference. 525 00:26:32,320 --> 00:26:34,880 Speaker 15: Yeah, that's right, a high level conference this week, Very 526 00:26:34,920 --> 00:26:37,399 Speaker 15: timely given what we're seeing in Gaza at the moment. 527 00:26:37,760 --> 00:26:41,000 Speaker 15: France and Saudi Arabia holding this conference where a number 528 00:26:41,000 --> 00:26:43,359 Speaker 15: of members of the international community have had a chance 529 00:26:43,400 --> 00:26:45,680 Speaker 15: to talk about how they want to advance the two 530 00:26:45,720 --> 00:26:49,200 Speaker 15: state solution. Now, this morning we heard from Nicole Robertson 531 00:26:49,240 --> 00:26:52,440 Speaker 15: from in Fatchie's, New Zealand's head of delegation. Here's what 532 00:26:52,560 --> 00:26:55,560 Speaker 15: she said about New Zealand and the two state solution 533 00:26:55,760 --> 00:26:56,880 Speaker 15: and Israel's actions. 534 00:26:57,359 --> 00:27:03,040 Speaker 17: Israel's actions, including its withholders and politicization of humanitarian assistance, 535 00:27:03,640 --> 00:27:08,840 Speaker 17: are unacceptable. Failure to do this not only undermines human rights, 536 00:27:09,000 --> 00:27:12,440 Speaker 17: but also the long term prospects for security and stability 537 00:27:13,080 --> 00:27:16,040 Speaker 17: and the international rules on which we all rely. 538 00:27:17,600 --> 00:27:21,280 Speaker 15: Then, Nicole Robertson there Ryan said it remains for us, 539 00:27:21,400 --> 00:27:24,040 Speaker 15: as in New Zealand, a matter of when, not if 540 00:27:24,119 --> 00:27:27,439 Speaker 15: Palestinian statehood is realized. Of course, Christopher Luxen says that 541 00:27:27,560 --> 00:27:29,800 Speaker 15: is something that is possible in the future, but he 542 00:27:29,800 --> 00:27:33,240 Speaker 15: wants pressure on Israel to get humanitarian aid into Gaza 543 00:27:33,560 --> 00:27:34,840 Speaker 15: as the priority at the moment. 544 00:27:34,960 --> 00:27:38,520 Speaker 3: Mitch, appreciate it. Thank you, Mitch McCann our, US correspondent. 545 00:27:38,600 --> 00:27:42,399 Speaker 3: It is twelve to six Bryan Bridge. Good news for 546 00:27:42,440 --> 00:27:45,320 Speaker 3: banking competition, Well, hopefully good news for banking competition. The 547 00:27:45,359 --> 00:27:48,040 Speaker 3: government giving the green light for a capital injection from 548 00:27:48,080 --> 00:27:51,760 Speaker 3: the private sector. Cabinet approving raising half a billion, five 549 00:27:51,840 --> 00:27:54,760 Speaker 3: hundred million dollars through QB saver funds and investment groups 550 00:27:54,760 --> 00:27:58,080 Speaker 3: with the hope of finally making the bank competitive with 551 00:27:58,119 --> 00:28:01,520 Speaker 3: the big four of the Aussies. Is Associate professor at 552 00:28:01,560 --> 00:28:03,919 Speaker 3: Massi University Business School, a banking expert. 553 00:28:03,920 --> 00:28:06,359 Speaker 8: Clear, Good morning, Marina Iron. 554 00:28:06,720 --> 00:28:09,080 Speaker 3: Is this going to shift the dial in terms of 555 00:28:09,400 --> 00:28:13,159 Speaker 3: its competitiveness, how argibargie it can be in market? 556 00:28:14,960 --> 00:28:17,280 Speaker 11: Well, it's sitting in and make a difference. We're talking 557 00:28:17,280 --> 00:28:20,879 Speaker 11: about increasing its capital by around seventeen percent, but in 558 00:28:20,920 --> 00:28:23,440 Speaker 11: reality it's still going to be substantially smaller than the 559 00:28:23,480 --> 00:28:27,120 Speaker 11: big four Australian banks. It's obviously going to be able 560 00:28:27,119 --> 00:28:29,560 Speaker 11: to do more lending and if it can do a 561 00:28:29,560 --> 00:28:34,000 Speaker 11: substantial amount more lending. Then it can be challenging in 562 00:28:34,119 --> 00:28:38,080 Speaker 11: terms of what it offers, but it's not going to 563 00:28:38,280 --> 00:28:40,400 Speaker 11: take it anywhere near the size of the Big Four. 564 00:28:40,520 --> 00:28:43,120 Speaker 11: So the extent of which to which it will actually 565 00:28:43,160 --> 00:28:45,760 Speaker 11: impact on competition is questionable. 566 00:28:45,840 --> 00:28:46,800 Speaker 8: How do you get it there? 567 00:28:46,840 --> 00:28:49,120 Speaker 3: Do you need to put it on the stock market, 568 00:28:49,160 --> 00:28:52,640 Speaker 3: as Nicola Willis is sort of indicated, is potentially an option. 569 00:28:54,560 --> 00:28:57,479 Speaker 11: We're still talking a huge amount of increase in capital 570 00:28:57,520 --> 00:28:59,800 Speaker 11: that would be required in order to get it to 571 00:29:00,040 --> 00:29:04,400 Speaker 11: anywhere like the size of the Big Four, enabling it 572 00:29:04,440 --> 00:29:06,880 Speaker 11: to grow and enabling it to do more lending, whether 573 00:29:06,920 --> 00:29:10,320 Speaker 11: it's through this capital injection or additional capital through an IPO, 574 00:29:11,640 --> 00:29:16,680 Speaker 11: that's all going to help. But as usual, we're overstating 575 00:29:16,760 --> 00:29:21,400 Speaker 11: the competition issue in the market in my view, because 576 00:29:21,720 --> 00:29:24,360 Speaker 11: we do have a competitive market. qEV Bank is making 577 00:29:24,400 --> 00:29:27,200 Speaker 11: a difference as it is. Yes, it will make a 578 00:29:27,280 --> 00:29:29,440 Speaker 11: bit more of a difference if it's able to do more, 579 00:29:30,920 --> 00:29:34,520 Speaker 11: But whether we're going to see a huge change in 580 00:29:34,600 --> 00:29:37,440 Speaker 11: terms of what's happening in the banking market, I just 581 00:29:37,440 --> 00:29:38,720 Speaker 11: don't see that it's going to happen. 582 00:29:39,640 --> 00:29:43,400 Speaker 3: Is that because it's started a capital or because We're 583 00:29:43,400 --> 00:29:44,280 Speaker 3: just a small country. 584 00:29:47,800 --> 00:29:51,080 Speaker 11: It's probably not either of those things. It is certainly 585 00:29:51,120 --> 00:29:53,080 Speaker 11: a challenge for keev Bank in terms of its capital 586 00:29:53,120 --> 00:29:56,440 Speaker 11: situation because in order to do leaning it needs capital 587 00:29:57,280 --> 00:30:00,200 Speaker 11: and it can only generate so much from its normal operation. 588 00:30:00,400 --> 00:30:03,800 Speaker 11: So getting more capital as a capital injection helps. We 589 00:30:03,840 --> 00:30:06,280 Speaker 11: are a small country, but that's not actually affecting a 590 00:30:06,320 --> 00:30:10,239 Speaker 11: competition issue. We have a good number of banks, they 591 00:30:10,280 --> 00:30:13,400 Speaker 11: are competing. We seem to perceive that just because they're 592 00:30:13,400 --> 00:30:17,280 Speaker 11: making lots of money that that's not competitive. That's not 593 00:30:17,320 --> 00:30:23,160 Speaker 11: necessarily the case in my view, and the challenge is 594 00:30:23,200 --> 00:30:27,120 Speaker 11: that Kiwibank is just a small bank and at least 595 00:30:27,160 --> 00:30:29,400 Speaker 11: you've got something a similar size to the big four, 596 00:30:29,880 --> 00:30:32,040 Speaker 11: You're not really going to have a competitive difference with 597 00:30:32,120 --> 00:30:32,520 Speaker 11: my view. 598 00:30:32,960 --> 00:30:34,360 Speaker 8: Interesting, Clear appreciate that. 599 00:30:34,440 --> 00:30:37,800 Speaker 3: Clear Mathews as I said, professor at mass University Business School, 600 00:30:38,240 --> 00:30:40,360 Speaker 3: saying we don't have an issue with competition in our 601 00:30:40,400 --> 00:30:43,000 Speaker 3: bank in sector. Despite what Nikola Willis keeps binging on 602 00:30:43,120 --> 00:30:46,000 Speaker 3: about nine minutes away from six News talks, they'd been 603 00:30:46,080 --> 00:30:46,800 Speaker 3: right next. 604 00:30:47,760 --> 00:30:50,360 Speaker 1: The news you need this morning and the in depth 605 00:30:50,360 --> 00:30:54,640 Speaker 1: analysis earlier thisu with Ryan Bridge and ex Bowl Insulation 606 00:30:55,000 --> 00:30:58,320 Speaker 1: keeping Kiwi Holmes warm and dry this winter news talks, 607 00:30:58,320 --> 00:30:58,680 Speaker 1: that'd be. 608 00:30:58,760 --> 00:31:02,360 Speaker 3: Six minutes away from six. We all survive the tsunami, congratulations, 609 00:31:02,400 --> 00:31:03,560 Speaker 3: But when will we die? 610 00:31:04,120 --> 00:31:04,959 Speaker 8: That is the question. 611 00:31:05,360 --> 00:31:09,280 Speaker 3: Yesterday we had some numbers out on life, the longevity 612 00:31:09,320 --> 00:31:13,120 Speaker 3: of life, and the average male life expectancy at birth 613 00:31:13,200 --> 00:31:16,000 Speaker 3: rose to eighty point one years for twenty twenty four. 614 00:31:16,080 --> 00:31:18,480 Speaker 3: That is the highest ever. For females it's about three 615 00:31:18,520 --> 00:31:20,760 Speaker 3: years longer, so they do live longer than us. But 616 00:31:20,840 --> 00:31:24,440 Speaker 3: if you're thirty five years old, your expected your life 617 00:31:24,480 --> 00:31:27,640 Speaker 3: expectancy on average would be eighty one point four years. 618 00:31:27,680 --> 00:31:30,200 Speaker 3: If you're forty five years old you made it that far, 619 00:31:30,520 --> 00:31:33,480 Speaker 3: then it would be eighty one point nine years. For 620 00:31:33,520 --> 00:31:35,800 Speaker 3: fifty five year old it would be eighty two point 621 00:31:35,880 --> 00:31:38,160 Speaker 3: nine years. And for sixty five year olds. If you're 622 00:31:38,160 --> 00:31:41,520 Speaker 3: sixty five right now, you will probably on average reach 623 00:31:41,600 --> 00:31:44,880 Speaker 3: eighty four point four years. If you make it to 624 00:31:44,960 --> 00:31:46,920 Speaker 3: eighty years a male, you can expect to live to 625 00:31:47,000 --> 00:31:50,920 Speaker 3: at least eighty eight point six years. For females that 626 00:31:51,120 --> 00:31:55,960 Speaker 3: is very close to ninety five to six. Cram Bridge 627 00:31:55,960 --> 00:31:57,680 Speaker 3: and I've thought i'd read that because Mike's here and 628 00:31:57,720 --> 00:31:59,800 Speaker 3: I know how much how long you want to live for. 629 00:32:00,000 --> 00:32:01,880 Speaker 18: It's the quality, you mate, It's not about the length, 630 00:32:01,920 --> 00:32:04,080 Speaker 18: it's the quality. Surely you've been told that before. 631 00:32:04,400 --> 00:32:09,240 Speaker 3: Well, yes, but I just think at some point the 632 00:32:09,360 --> 00:32:12,280 Speaker 3: two things. It's like the graph gets a bit skilled 633 00:32:12,280 --> 00:32:14,240 Speaker 3: with where you get so old? 634 00:32:15,000 --> 00:32:17,840 Speaker 18: Is it quality anything? There's something there isn't there? But 635 00:32:18,080 --> 00:32:21,080 Speaker 18: you look at people like, there's no question that sixties 636 00:32:21,120 --> 00:32:23,600 Speaker 18: the new forty seventy is the new fifty. 637 00:32:24,000 --> 00:32:26,040 Speaker 8: But you get hang on, hang on, you're jumping. 638 00:32:26,280 --> 00:32:28,800 Speaker 18: No, you get past eighty here, you get past eighty 639 00:32:28,840 --> 00:32:32,680 Speaker 18: though you don't see many really well eighty high eighties, 640 00:32:32,720 --> 00:32:34,320 Speaker 18: do you, And once you get to ninety it becomes 641 00:32:34,360 --> 00:32:37,360 Speaker 18: really rare. Something happens in the eighties to nineties that 642 00:32:37,360 --> 00:32:37,880 Speaker 18: you're sort. 643 00:32:37,760 --> 00:32:38,840 Speaker 8: Of the body gets the body. 644 00:32:38,960 --> 00:32:41,120 Speaker 18: Yeah, it's yeah, I don't know. And so at that 645 00:32:41,160 --> 00:32:43,240 Speaker 18: point you're talking about medical and medical intervention. But I 646 00:32:43,320 --> 00:32:45,080 Speaker 18: reckon this generation of people because I read a lot 647 00:32:45,080 --> 00:32:46,720 Speaker 18: about this and the generation of people. If you get 648 00:32:46,720 --> 00:32:50,360 Speaker 18: in early, the stuff they know now about genes and 649 00:32:50,400 --> 00:32:53,200 Speaker 18: turning genes on and off and stuff is incredible. And 650 00:32:53,240 --> 00:32:55,080 Speaker 18: so if you get in early and you conduct your 651 00:32:55,080 --> 00:32:57,440 Speaker 18: life in a way that you know aims at longevity. 652 00:32:57,560 --> 00:32:58,440 Speaker 8: You'll you'll be away on. 653 00:32:58,480 --> 00:33:01,560 Speaker 3: Every fine, But then you've got such an expensive retirement. 654 00:33:01,680 --> 00:33:03,400 Speaker 3: I mean, if you retire at sixty five, if you 655 00:33:03,440 --> 00:33:04,960 Speaker 3: may need, didn't come until you're ninety. 656 00:33:04,960 --> 00:33:06,520 Speaker 18: See, that's the other part of it. No one's retiring 657 00:33:06,520 --> 00:33:09,200 Speaker 18: in sixty five. No one's retired sixty five, And that's 658 00:33:09,240 --> 00:33:10,920 Speaker 18: that's a big change. In fact, I know a guy 659 00:33:11,000 --> 00:33:15,800 Speaker 18: who his father is ninety something now and he says 660 00:33:15,920 --> 00:33:18,240 Speaker 18: his biggest regret said to his son, his biggest regrets 661 00:33:18,240 --> 00:33:20,360 Speaker 18: to son sixty three. He said to his son, his 662 00:33:20,400 --> 00:33:22,719 Speaker 18: biggest regret was retiring at sixty five, because he's been 663 00:33:22,800 --> 00:33:25,160 Speaker 18: retired for thirty something years now and he's bought out 664 00:33:25,160 --> 00:33:25,680 Speaker 18: of his brain. 665 00:33:26,080 --> 00:33:27,640 Speaker 8: But he's still here exactly. 666 00:33:28,120 --> 00:33:29,880 Speaker 18: And soon we want to work longer. You and I 667 00:33:30,040 --> 00:33:32,680 Speaker 18: be here for another thirty forty years, right, yeah. 668 00:33:32,360 --> 00:33:34,960 Speaker 3: Yeah or not. 669 00:33:35,320 --> 00:33:36,040 Speaker 8: I don't know about that. 670 00:33:37,040 --> 00:33:37,200 Speaker 11: Now. 671 00:33:37,200 --> 00:33:38,240 Speaker 8: What have you got on the show today? 672 00:33:38,440 --> 00:33:40,920 Speaker 18: Courts they're changing the rules. They've done a trial pilot 673 00:33:41,000 --> 00:33:43,280 Speaker 18: worked well apparently judge only, so they're going to roll 674 00:33:43,320 --> 00:33:45,160 Speaker 18: it out right around the country. Yeah, you can't get 675 00:33:45,160 --> 00:33:46,600 Speaker 18: a jury for love nor money, as far as I 676 00:33:46,640 --> 00:33:48,080 Speaker 18: can work out, you know, Jeremy Pitten. 677 00:33:48,440 --> 00:33:52,640 Speaker 8: Yeah, he's in Oh lovely, he's here today. Yeah, big 678 00:33:52,720 --> 00:33:55,560 Speaker 8: day on the Mike hosting Breakfast. See to him over. 679 00:33:55,480 --> 00:33:59,760 Speaker 12: Runs Rules to the Gown. 680 00:34:07,000 --> 00:34:09,959 Speaker 1: For more from Early Edition with Ryan Bridge, listen live 681 00:34:10,080 --> 00:34:13,080 Speaker 1: to News Talks it Be from five am weekdays, or 682 00:34:13,160 --> 00:34:15,080 Speaker 1: follow the podcast on iHeartRadio