1 00:00:01,800 --> 00:00:08,480 Speaker 1: The issues, the interviews and the inside. Ryan Bridge you 2 00:00:08,680 --> 00:00:12,040 Speaker 1: for twenty twenty four on the early edition with Smith City, 3 00:00:12,160 --> 00:00:15,280 Speaker 1: New Zealand's furniture beds and a player store US doorgs. 4 00:00:15,320 --> 00:00:18,280 Speaker 2: It'd be good morning. I hope you've had a great weekend. 5 00:00:18,320 --> 00:00:22,160 Speaker 2: Coming up this morning a truth bomb from the Treasury boss, 6 00:00:22,200 --> 00:00:25,280 Speaker 2: the outgoing boss, that is, it's about our COVID debt load. 7 00:00:25,360 --> 00:00:28,960 Speaker 2: It is so bad. We need new taxes and we 8 00:00:29,040 --> 00:00:32,720 Speaker 2: need to cut some pretty important things. I don't want 9 00:00:32,720 --> 00:00:36,520 Speaker 2: to say pension, but she mentions the word pension. We 10 00:00:36,560 --> 00:00:40,520 Speaker 2: look to Germany this morning, the first state election win, 11 00:00:40,720 --> 00:00:44,040 Speaker 2: well potentially the first state election win for a far 12 00:00:44,200 --> 00:00:48,000 Speaker 2: right party since the Nazis. We'll ask why who ballots 13 00:00:48,000 --> 00:00:51,320 Speaker 2: in East Germany. Also, we get our first red meat 14 00:00:51,400 --> 00:00:54,080 Speaker 2: rural report in just a few moments, seven after five. 15 00:00:55,520 --> 00:00:56,240 Speaker 1: The agenda. 16 00:00:56,960 --> 00:00:59,600 Speaker 2: It's Monday to second of September. The bodies of six 17 00:00:59,720 --> 00:01:03,120 Speaker 2: Is hostages have been recovered from a tunnel in Rougher. 18 00:01:03,480 --> 00:01:07,760 Speaker 2: Hostages killed right before the IDF reached them. 19 00:01:08,160 --> 00:01:11,600 Speaker 3: They were brutally murdered by Hamas Terras a short while 20 00:01:11,680 --> 00:01:12,880 Speaker 3: before we reached them. 21 00:01:13,120 --> 00:01:17,400 Speaker 2: They were abducted alive on the morning of October seventh. Yeah, 22 00:01:17,440 --> 00:01:21,200 Speaker 2: it's pretty hard to hear. It's prompted protests right across Israel, 23 00:01:21,360 --> 00:01:25,200 Speaker 2: including from the country's largest union. Now what they want 24 00:01:25,800 --> 00:01:29,160 Speaker 2: is a strike to pressure the government to make a 25 00:01:29,240 --> 00:01:32,119 Speaker 2: deal and return the remaining hostages. They don't want any 26 00:01:32,160 --> 00:01:35,160 Speaker 2: more of them to die. To the Paralympics. Now, our 27 00:01:35,240 --> 00:01:38,280 Speaker 2: third medal overnight care we cyclist Nicole Murray won bronze 28 00:01:38,319 --> 00:01:41,920 Speaker 2: and the women's C five three thousand meter Danielle Hison 29 00:01:42,040 --> 00:01:45,320 Speaker 2: one silver in the women's two hundred m T three six, 30 00:01:45,360 --> 00:01:48,600 Speaker 2: which is running. The men's four hundred meters and long 31 00:01:48,720 --> 00:01:52,680 Speaker 2: jump finals are on tonight. Also this morning. Forget about 32 00:01:53,000 --> 00:01:56,760 Speaker 2: rubber hitting the road, The rubber could soon be the road. 33 00:01:57,040 --> 00:02:00,440 Speaker 2: The country's first national tire recycling scheme is under set 34 00:02:00,480 --> 00:02:05,200 Speaker 2: to turn the waste into industrial fuel, concrete mix and roading. 35 00:02:05,640 --> 00:02:08,919 Speaker 2: Currently we recycle just forty percent of these six and 36 00:02:09,000 --> 00:02:11,760 Speaker 2: a half million tires that were important to the country, 37 00:02:11,880 --> 00:02:15,040 Speaker 2: just forty percent of recycled. It's being done by the 38 00:02:15,080 --> 00:02:17,720 Speaker 2: Sustainability Group three R with government funding. 39 00:02:18,160 --> 00:02:22,079 Speaker 4: They also means the risk of tire fires in the 40 00:02:22,200 --> 00:02:27,400 Speaker 4: cost of those two ratepayers as suspectively reduced on. 41 00:02:27,440 --> 00:02:32,160 Speaker 1: Your radio and online on iHeartRadio Early Edition with Ryan 42 00:02:32,200 --> 00:02:35,280 Speaker 1: Bridge and Smith City New Zealand's Furniture, Beds and a 43 00:02:35,360 --> 00:02:37,160 Speaker 1: Playing Store, News Talks b. 44 00:02:37,480 --> 00:02:40,799 Speaker 2: No One wants a tire fire. Now. Did you see 45 00:02:40,800 --> 00:02:42,480 Speaker 2: the story of the weekend. I'm sure you did about 46 00:02:42,520 --> 00:02:46,600 Speaker 2: the measly toast at Wellington Hospital. We'd love your views 47 00:02:46,639 --> 00:02:48,680 Speaker 2: on this this morning, nine two ninety two. So it's 48 00:02:48,760 --> 00:02:51,320 Speaker 2: new mums, you've just given birth. I don't know what 49 00:02:51,400 --> 00:02:54,320 Speaker 2: it's like obviously, what that feels like. You can imagine 50 00:02:54,600 --> 00:02:57,160 Speaker 2: just you know, the amount of screaming that goes on 51 00:02:58,800 --> 00:03:02,280 Speaker 2: that it must be hard anyway. Apparently what you feel 52 00:03:02,360 --> 00:03:05,440 Speaker 2: like is a piece of toast, So let them have 53 00:03:05,520 --> 00:03:08,720 Speaker 2: a piece of toast. But not so Wellington Hospital. They 54 00:03:09,560 --> 00:03:11,640 Speaker 2: pulled back on the service, if that's what you can 55 00:03:11,680 --> 00:03:14,800 Speaker 2: call it, and some people say it was cost saving. 56 00:03:14,919 --> 00:03:16,919 Speaker 2: I'm not entirely sure at this point whether it was 57 00:03:17,040 --> 00:03:20,919 Speaker 2: cost saving Health New zealandce is it was about you know, 58 00:03:21,080 --> 00:03:27,239 Speaker 2: dietary requirements and toast not being healthy enough. Honestly, come on, 59 00:03:28,000 --> 00:03:31,800 Speaker 2: it's got to be cost cutting. I was raised on toast. 60 00:03:32,880 --> 00:03:35,240 Speaker 2: Please raise your hand if you were also raised on toast. 61 00:03:35,280 --> 00:03:38,520 Speaker 2: Were all raised on toast. If it's that bad for 62 00:03:38,720 --> 00:03:40,240 Speaker 2: us that you can't even get it to a mother 63 00:03:40,480 --> 00:03:42,800 Speaker 2: who's just given birth to a child, probably one of 64 00:03:42,840 --> 00:03:46,280 Speaker 2: the most strenuous physical experiences they will ever go through 65 00:03:46,320 --> 00:03:49,320 Speaker 2: in their life. Apparently you get a cold sandwich now instead, 66 00:03:50,280 --> 00:03:52,320 Speaker 2: there you go in ten minutes after five news talks, 67 00:03:52,320 --> 00:03:54,640 Speaker 2: hea'd be nine two nine two. What did you you 68 00:03:54,680 --> 00:03:56,560 Speaker 2: know when you were after you'd given what did you 69 00:03:56,600 --> 00:03:58,960 Speaker 2: feel like? You know, I presumably didn't feel like a 70 00:03:59,040 --> 00:04:02,840 Speaker 2: curry or a let's go, let's go get fish and chips, 71 00:04:02,920 --> 00:04:07,440 Speaker 2: but what did you feel like? Mothers nine to number 72 00:04:07,480 --> 00:04:09,520 Speaker 2: to text and also whether you think this has just 73 00:04:09,640 --> 00:04:13,360 Speaker 2: been a bit measly Also this morning, jd Vance he 74 00:04:13,560 --> 00:04:15,960 Speaker 2: continuing to sort of tank in the polls over in 75 00:04:16,040 --> 00:04:18,400 Speaker 2: the years. By the way we spent it set on 76 00:04:18,480 --> 00:04:21,120 Speaker 2: Friday that Harris was having her first interview was Seeing 77 00:04:21,200 --> 00:04:25,000 Speaker 2: in which I watched on Friday afternoon. Man, what a 78 00:04:25,080 --> 00:04:28,920 Speaker 2: waste of time. It was about eighteen minutes long. No, 79 00:04:29,560 --> 00:04:32,640 Speaker 2: the questions weren't really challenging. There wasn't a lot of 80 00:04:32,720 --> 00:04:37,160 Speaker 2: follow up. And yes, Tim Walls did sit there like 81 00:04:37,279 --> 00:04:43,000 Speaker 2: a spare at a wedding, didn't say much. I mean, 82 00:04:43,040 --> 00:04:45,880 Speaker 2: she handled the questions relatively well. But anyway, this morning 83 00:04:45,880 --> 00:04:49,280 Speaker 2: it's about JD. Vance because he continues to tank in 84 00:04:49,320 --> 00:04:52,960 Speaker 2: the polls. Have a listened to what he said. This 85 00:04:53,200 --> 00:04:55,679 Speaker 2: was in a podcast years ago, and they keep dragging 86 00:04:55,680 --> 00:04:57,839 Speaker 2: stuff up. This is what he said years ago about 87 00:04:58,200 --> 00:05:02,520 Speaker 2: going to women who to elite colleges and the promises 88 00:05:02,760 --> 00:05:04,800 Speaker 2: and what they think will happen to their lives. Have 89 00:05:04,839 --> 00:05:07,560 Speaker 2: a quick listen. And so you have people at your 90 00:05:07,600 --> 00:05:10,280 Speaker 2: law school, you have women who think that, truly the 91 00:05:10,480 --> 00:05:14,120 Speaker 2: liberationist path is to spend ninety hours a week working 92 00:05:14,160 --> 00:05:16,919 Speaker 2: in a cubicle at Mackenzie instead of starting a family 93 00:05:16,960 --> 00:05:19,320 Speaker 2: and having children, which is what they should be doing. 94 00:05:19,760 --> 00:05:22,400 Speaker 2: You know, that's the course. Anyway, have a listen where 95 00:05:22,440 --> 00:05:26,320 Speaker 2: does this lead women emotionally? What they don't realize, and 96 00:05:26,480 --> 00:05:29,480 Speaker 2: I think some of them do eventually realize it, thank god, 97 00:05:29,960 --> 00:05:33,760 Speaker 2: is that that is actually a path to misery, go 98 00:05:33,920 --> 00:05:36,400 Speaker 2: to work and be miserable women. Anyway, that's why he's 99 00:05:36,440 --> 00:05:38,200 Speaker 2: not doing too well. I mean, he does well for 100 00:05:38,279 --> 00:05:41,440 Speaker 2: Trump supporters, he doesn't do well more generally interesting. We'll 101 00:05:41,440 --> 00:05:45,200 Speaker 2: have later an update on Trump. He's talking about voting 102 00:05:45,320 --> 00:05:50,080 Speaker 2: in favor of liberalizing cannabis laws in Florida, and he's 103 00:05:50,120 --> 00:05:53,040 Speaker 2: also giving out well It says the government will be 104 00:05:53,080 --> 00:05:56,080 Speaker 2: paying for IVF treatment. Harris says this is flip flopping. 105 00:05:56,720 --> 00:05:59,600 Speaker 2: Nine two nine two is the number to text twelve 106 00:05:59,640 --> 00:06:02,640 Speaker 2: after five News and views. 107 00:06:02,440 --> 00:06:05,440 Speaker 1: You trust to start your day is Billy Edition with 108 00:06:05,680 --> 00:06:08,960 Speaker 1: Ryan Bridge and Smith City, New Zealand's furniture beds and 109 00:06:09,080 --> 00:06:09,839 Speaker 1: a flying store. 110 00:06:10,040 --> 00:06:13,000 Speaker 2: News Talk said, be quick update on toastgate. Lots of 111 00:06:13,040 --> 00:06:15,960 Speaker 2: people texting in fourteen after five, Ryan, I felt like 112 00:06:16,160 --> 00:06:19,279 Speaker 2: sleep after giving birth, not eating or Ryan, I loved 113 00:06:19,360 --> 00:06:21,720 Speaker 2: having toast. It wasn't straight after birth, but once I 114 00:06:21,839 --> 00:06:24,120 Speaker 2: felt like eating, it was the only thing I felt 115 00:06:24,200 --> 00:06:27,119 Speaker 2: like eating. This is after willing. The hospital is putting 116 00:06:27,160 --> 00:06:30,320 Speaker 2: the kaibosh on free toast for mums have just gone 117 00:06:30,320 --> 00:06:34,839 Speaker 2: through labor. Four kids, Ryan, four kids. The best four 118 00:06:34,920 --> 00:06:38,200 Speaker 2: pieces of toast I have ever had must be taken 119 00:06:38,279 --> 00:06:43,040 Speaker 2: with Milo. Quarter past five, Ryan Bridge rights lots to 120 00:06:43,080 --> 00:06:45,599 Speaker 2: get through here. Busy time for our red meat sector 121 00:06:45,680 --> 00:06:48,200 Speaker 2: at the moment. Export numbers for July we've just had 122 00:06:48,240 --> 00:06:50,200 Speaker 2: those out. They were a bit of a mixed bag. 123 00:06:50,480 --> 00:06:53,000 Speaker 2: China down thirty seven percent to one hundred and fifty 124 00:06:53,040 --> 00:06:56,880 Speaker 2: three million. The United States was our biggest export market 125 00:06:56,960 --> 00:06:59,400 Speaker 2: in July, worth almost two hundred and fifty million. Actually 126 00:06:59,480 --> 00:07:02,760 Speaker 2: that now is four months running. Plus we've had a 127 00:07:02,800 --> 00:07:06,160 Speaker 2: few weather bombs affecting landing season, which is still underway 128 00:07:06,160 --> 00:07:09,000 Speaker 2: in some places, and also newborn livestock. Joining us this 129 00:07:09,120 --> 00:07:12,240 Speaker 2: morning is Dan Bolton, silver Fin Farm's chief executive. 130 00:07:12,240 --> 00:07:15,680 Speaker 5: Hey Dan, good morning, Ryan, how are you well. 131 00:07:15,760 --> 00:07:17,480 Speaker 2: Thank you, Thanks for coming on the show. I really 132 00:07:17,520 --> 00:07:21,080 Speaker 2: appreciate it. Let's start with the weather because it's that 133 00:07:21,200 --> 00:07:24,200 Speaker 2: we've had a few snowstorms and I know there's predicted 134 00:07:24,480 --> 00:07:27,480 Speaker 2: to continue for the start of September. How they how 135 00:07:27,600 --> 00:07:28,640 Speaker 2: the farmers faring. 136 00:07:30,120 --> 00:07:33,040 Speaker 5: Yeah, it's you know, we're what day two into the 137 00:07:33,120 --> 00:07:37,080 Speaker 5: new season off spring, so it's not going too bad. Obviously, 138 00:07:37,280 --> 00:07:39,160 Speaker 5: it's pretty volatile out there. There's a bit of a 139 00:07:39,160 --> 00:07:42,120 Speaker 5: bit of weather moving through the through the country. But 140 00:07:42,640 --> 00:07:45,160 Speaker 5: our farmers always a step into the new season with 141 00:07:45,280 --> 00:07:49,120 Speaker 5: a bit of optimism, an opportunity to reset. But you know, 142 00:07:49,120 --> 00:07:51,480 Speaker 5: they're also coming out of some pretty tough, tough conditions. 143 00:07:51,520 --> 00:07:53,600 Speaker 5: You know, some farmers up the East coast the store 144 00:07:53,640 --> 00:07:57,880 Speaker 5: recovering from the impacts of Gabrielle noticeably dealing with things 145 00:07:58,000 --> 00:08:02,320 Speaker 5: like lesser animal conditions which impacting productivity in North Knterbury. 146 00:08:02,400 --> 00:08:04,520 Speaker 5: You know, we can't forget they've been through some pretty 147 00:08:04,560 --> 00:08:08,400 Speaker 5: extreme dry conditions so and facing some northwest winds so 148 00:08:08,960 --> 00:08:11,400 Speaker 5: with the weather's playing a little bit of havoc. But 149 00:08:11,480 --> 00:08:13,600 Speaker 5: you know, our farm is a pretty resilient bunch as well. 150 00:08:14,200 --> 00:08:17,120 Speaker 2: What are you thinking about the China issue, the slowing 151 00:08:17,240 --> 00:08:20,920 Speaker 2: down and you know the thirty seven percent down in 152 00:08:21,120 --> 00:08:23,720 Speaker 2: July through our red meat exports, what are your thoughts 153 00:08:23,760 --> 00:08:23,960 Speaker 2: on that? 154 00:08:25,560 --> 00:08:28,720 Speaker 5: Yeah, I mean those are big headline numbers and clearly 155 00:08:28,840 --> 00:08:32,079 Speaker 5: the China markets sub pretty subdued, but you know, we 156 00:08:32,160 --> 00:08:35,679 Speaker 5: can't forget. You know, China's been a pretty outstanding story 157 00:08:35,720 --> 00:08:38,840 Speaker 5: for New Zealand sheep and beef farmers and more recently Venison. 158 00:08:39,160 --> 00:08:42,400 Speaker 5: It was only in twenty twelve we sold very little 159 00:08:42,440 --> 00:08:44,839 Speaker 5: into the China market and ten years later it was 160 00:08:44,880 --> 00:08:47,599 Speaker 5: a four point two billion dollar market for US, So 161 00:08:48,040 --> 00:08:50,160 Speaker 5: you know, that's a big success story. And I was 162 00:08:50,240 --> 00:08:52,760 Speaker 5: just looking at those stats and the last twelve months 163 00:08:52,840 --> 00:08:55,320 Speaker 5: that's down to a three billion dollar market, so still 164 00:08:55,679 --> 00:08:58,120 Speaker 5: a really important market for US as our number two, 165 00:08:59,080 --> 00:09:02,240 Speaker 5: you know, and twenty five percent from beef volumes are 166 00:09:02,280 --> 00:09:04,720 Speaker 5: still heading there because it's still the highest paying market. 167 00:09:06,440 --> 00:09:08,240 Speaker 2: You're going to do a campaign though, aren't you. Well, 168 00:09:08,480 --> 00:09:11,079 Speaker 2: I'm not sure if it's you, but the industry to 169 00:09:11,200 --> 00:09:14,200 Speaker 2: try and push that grass fed message because the Aussies 170 00:09:14,240 --> 00:09:16,600 Speaker 2: in the South Americans aren't doing it like we do it, right. 171 00:09:18,559 --> 00:09:22,640 Speaker 5: Yeah, that's that's right. I think we've we've got a 172 00:09:22,720 --> 00:09:25,559 Speaker 5: country of origin brands that we're working in partnership with 173 00:09:25,679 --> 00:09:28,200 Speaker 5: the Meat Industry Association is working in partnership with Beef 174 00:09:28,240 --> 00:09:31,240 Speaker 5: and their New Zealand and that's all about, you know, 175 00:09:31,559 --> 00:09:35,920 Speaker 5: celebrating and educating particularly the Chinese consumers around how we 176 00:09:36,120 --> 00:09:38,720 Speaker 5: farm their care in New Zealand, so we can differentiate 177 00:09:38,760 --> 00:09:42,360 Speaker 5: ourselves from South American beef and Australian beef. You know, 178 00:09:42,600 --> 00:09:45,959 Speaker 5: those coordinated approaches that countries such as Australia having in 179 00:09:46,040 --> 00:09:49,120 Speaker 5: China make them all different. So, you know, it's really 180 00:09:49,200 --> 00:09:52,000 Speaker 5: pleasing that Beef and Lama I've decided to work with 181 00:09:52,160 --> 00:09:55,040 Speaker 5: us as the marketers to really sell that really good 182 00:09:55,080 --> 00:09:57,439 Speaker 5: story so we can we can differentiate our product out 183 00:09:57,520 --> 00:09:59,920 Speaker 5: there and listed valley for New Zealand farmers and such 184 00:10:00,040 --> 00:10:01,040 Speaker 5: to an important market. 185 00:10:01,200 --> 00:10:03,480 Speaker 2: Yeah, fair enough too, So we shouldn't worry too much 186 00:10:03,480 --> 00:10:05,880 Speaker 2: about the slowdown in China. There are other markets that 187 00:10:05,920 --> 00:10:07,880 Speaker 2: are packing up the slack for us in the meantime. 188 00:10:09,120 --> 00:10:12,680 Speaker 5: Yeah, you civil fold farms. We export to sixty countries 189 00:10:12,720 --> 00:10:15,960 Speaker 5: around the world, you know, most countries are and having 190 00:10:16,040 --> 00:10:19,960 Speaker 5: that diversification is really important because you know we've seen 191 00:10:20,000 --> 00:10:22,800 Speaker 5: it for decades. Then the markets move and change and 192 00:10:22,840 --> 00:10:26,679 Speaker 5: we need optionality for our farmers. I think I think 193 00:10:26,720 --> 00:10:28,920 Speaker 5: another key point, just on China while we're there, Ryan, 194 00:10:29,200 --> 00:10:31,920 Speaker 5: is you know what excites me is the growing middle 195 00:10:31,960 --> 00:10:35,120 Speaker 5: class here. You know, forecasting it to grow from four 196 00:10:35,200 --> 00:10:37,800 Speaker 5: hundred million to eight hundred million people. You know, that 197 00:10:37,880 --> 00:10:40,360 Speaker 5: should make us stand up and take notice. So we've 198 00:10:40,400 --> 00:10:44,040 Speaker 5: got a short term challenge, but those consumers are going 199 00:10:44,120 --> 00:10:46,680 Speaker 5: to demand exactly what we want here. You know, they 200 00:10:46,760 --> 00:10:49,360 Speaker 5: care about health, they care about nutrition, and they cay 201 00:10:49,640 --> 00:10:51,960 Speaker 5: very deeply about the environments and these are all things 202 00:10:52,000 --> 00:10:52,520 Speaker 5: we can win on. 203 00:10:53,280 --> 00:10:55,079 Speaker 2: Dan, Thanks very much for your update this morning. Really 204 00:10:55,120 --> 00:10:58,599 Speaker 2: appreciate it. Dan Bolton These Silver Firm Farms Chief Executive 205 00:10:59,000 --> 00:11:00,840 Speaker 2: nineteen after five Sport Next. 206 00:11:01,800 --> 00:11:05,520 Speaker 1: Ryan Bridge new for twenty twenty four on early edition 207 00:11:05,800 --> 00:11:09,120 Speaker 1: with Smith City New Zealand's furniture beds and a playing store. 208 00:11:09,320 --> 00:11:11,880 Speaker 2: News talks, it'd be just gone twenty one after five 209 00:11:11,960 --> 00:11:14,600 Speaker 2: news talks. It'd be Interestingly, I see the real estate 210 00:11:14,640 --> 00:11:18,000 Speaker 2: agents yesterday out in force. We had some sunny weather 211 00:11:18,040 --> 00:11:20,480 Speaker 2: here in Auckland and they it looks like I think 212 00:11:20,520 --> 00:11:25,240 Speaker 2: they're buying new suits and anticipation the OCR has been cut. Well, 213 00:11:25,559 --> 00:11:27,880 Speaker 2: it's actually only been two and a half weeks since 214 00:11:27,960 --> 00:11:31,720 Speaker 2: Adrian All started hacking and already they're getting new suits. 215 00:11:31,840 --> 00:11:34,319 Speaker 2: So we've got some fresh data this morning for you 216 00:11:34,520 --> 00:11:36,319 Speaker 2: on just how that market is. Ferm will get to 217 00:11:36,320 --> 00:11:38,720 Speaker 2: it in just a few seconds. Twenty two minutes after 218 00:11:38,880 --> 00:11:40,520 Speaker 2: five Andrew Ordison's here was sport. 219 00:11:40,600 --> 00:11:43,000 Speaker 6: Good morning greetings. Right now, it's always good to get 220 00:11:43,040 --> 00:11:45,480 Speaker 6: a new suit, isn't it? Promising times with the OCA 221 00:11:45,960 --> 00:11:48,200 Speaker 6: the interest rates dropping so that you go get yourself 222 00:11:48,280 --> 00:11:50,640 Speaker 6: a bargain while pass is alone, get something bespoke. 223 00:11:50,920 --> 00:11:54,839 Speaker 2: Hey talk about tea New Zealand that how's the boat doing? 224 00:11:54,960 --> 00:11:57,560 Speaker 2: And when is the real should I say real racing 225 00:11:57,640 --> 00:11:58,080 Speaker 2: going to start? 226 00:11:58,280 --> 00:12:01,079 Speaker 6: Well that's next month, right, Team New Zealand have basically 227 00:12:01,120 --> 00:12:03,760 Speaker 6: got this rule as part of the America's Cup. You know, 228 00:12:03,880 --> 00:12:06,280 Speaker 6: every defender can create their own rules so they can 229 00:12:06,320 --> 00:12:09,160 Speaker 6: be part of the Challenger series, and they're doing well 230 00:12:09,600 --> 00:12:11,320 Speaker 6: as part of it, even though the boat was dropped 231 00:12:11,320 --> 00:12:14,959 Speaker 6: by the crane last week. So they've had another couple 232 00:12:15,000 --> 00:12:17,120 Speaker 6: of wins this morning. One was against a Linge which 233 00:12:17,240 --> 00:12:20,520 Speaker 6: was a bit of a well, you know, a hollow victor. 234 00:12:20,559 --> 00:12:22,680 Speaker 6: I suppose a Lingy didn't actually make the start line 235 00:12:23,120 --> 00:12:25,800 Speaker 6: because they had a problem with their main sale. So 236 00:12:25,880 --> 00:12:27,199 Speaker 6: they did, but they went on the course and just 237 00:12:27,240 --> 00:12:30,959 Speaker 6: had a bit of a flutter. And then new Team 238 00:12:31,080 --> 00:12:34,920 Speaker 6: is has beaten American Magic by twenty nine seconds a 239 00:12:34,960 --> 00:12:38,240 Speaker 6: bit more merit to that result, so they do have 240 00:12:38,880 --> 00:12:39,720 Speaker 6: the speed so far. 241 00:12:39,800 --> 00:12:41,680 Speaker 2: All right, So it sounds like there's a few boat 242 00:12:41,679 --> 00:12:42,480 Speaker 2: issues going. 243 00:12:42,320 --> 00:12:42,760 Speaker 5: On, is there? 244 00:12:43,640 --> 00:12:43,840 Speaker 1: Wow? 245 00:12:43,920 --> 00:12:46,920 Speaker 6: There always is, I mean, yeah, it's just yeah, and 246 00:12:47,040 --> 00:12:49,240 Speaker 6: I think that the main soil apparently there's something to 247 00:12:49,280 --> 00:12:52,240 Speaker 6: do with the bolt attaching it to the actual main 248 00:12:53,200 --> 00:12:56,800 Speaker 6: boom and mast, etc. Right, So yeah, just a glitch 249 00:12:56,920 --> 00:12:58,480 Speaker 6: there for them, but disappointing on the list. When you 250 00:12:58,480 --> 00:13:00,920 Speaker 6: think about the money that's invested, you don't want to 251 00:13:00,920 --> 00:13:02,960 Speaker 6: be in a situation where're not getting to the start line, 252 00:13:03,160 --> 00:13:06,040 Speaker 6: especially with the louver time. There's another round robin that 253 00:13:06,120 --> 00:13:08,679 Speaker 6: starts again tomorrow and then they'll move on to the 254 00:13:08,720 --> 00:13:09,520 Speaker 6: semi round robin. 255 00:13:10,080 --> 00:13:11,880 Speaker 2: So when do I start hearing next month? 256 00:13:12,120 --> 00:13:12,320 Speaker 5: Yeah? 257 00:13:12,440 --> 00:13:14,280 Speaker 6: Ok, yeah, that's that's that's that's that's all you need 258 00:13:14,320 --> 00:13:17,280 Speaker 6: to know, all right, that's the best business time off 259 00:13:17,320 --> 00:13:18,000 Speaker 6: the of the of. 260 00:13:18,080 --> 00:13:20,720 Speaker 2: The coast of Barcelona, Ryan the fine Italian GP. 261 00:13:21,120 --> 00:13:21,280 Speaker 7: Yeah. 262 00:13:21,320 --> 00:13:27,560 Speaker 6: Now there's speaking of exciting action. Charlotte Clare of Ferrari 263 00:13:27,840 --> 00:13:31,240 Speaker 6: at the home track and mons of there effectively or 264 00:13:31,280 --> 00:13:34,240 Speaker 6: the big Italian of course, fan base for Ferrari has 265 00:13:34,360 --> 00:13:37,000 Speaker 6: come home. I mean he won his home Grand Prix 266 00:13:37,120 --> 00:13:40,640 Speaker 6: at Monaco. He lives there, as Charlotte Claire has brewt 267 00:13:40,679 --> 00:13:42,439 Speaker 6: up there, but he's also been able to do it 268 00:13:42,520 --> 00:13:46,560 Speaker 6: at Monza. So a terrific result for Ferrari, but even 269 00:13:46,640 --> 00:13:51,880 Speaker 6: moreso for McLaren potentially with Piastre getting second and Norris third, 270 00:13:52,280 --> 00:13:54,720 Speaker 6: because that means that they are closing the gap again 271 00:13:54,800 --> 00:13:57,400 Speaker 6: in the constructor standing, so just eight points now between 272 00:13:57,480 --> 00:14:00,679 Speaker 6: them and for McLaren and red Ball at the top 273 00:14:00,720 --> 00:14:02,559 Speaker 6: of those stands, Ferrari also coming into it. So I 274 00:14:02,640 --> 00:14:05,920 Speaker 6: think with eight races to go, a terrific Formula one 275 00:14:06,920 --> 00:14:10,800 Speaker 6: end of the season, denuemont awaits us really great? 276 00:14:10,800 --> 00:14:14,319 Speaker 2: All right, Yeah, three medals in the new Paralympics for 277 00:14:14,400 --> 00:14:15,960 Speaker 2: US so far. That's good. Yep, that's great. 278 00:14:16,000 --> 00:14:19,760 Speaker 6: So just to add to Anna Taylor's silver, just over 279 00:14:19,840 --> 00:14:22,560 Speaker 6: like Daniel Hison with the turner meters in the T 280 00:14:22,760 --> 00:14:25,280 Speaker 6: thirty six, she's picked up the silver and the Cole 281 00:14:25,400 --> 00:14:28,960 Speaker 6: Murray the bronze in the cycling of the three thousand 282 00:14:29,000 --> 00:14:32,840 Speaker 6: meter individual pursuit the C five category. So another couple 283 00:14:32,840 --> 00:14:35,360 Speaker 6: of great efforts there, to Anthony Zealands tell it at 284 00:14:35,360 --> 00:14:35,800 Speaker 6: the Power. 285 00:14:35,680 --> 00:14:37,720 Speaker 2: Games, brilliant Andrew, thank you very much for that. We 286 00:14:37,760 --> 00:14:42,040 Speaker 2: haven't even talked about the All Blacks, but yeah, there 287 00:14:42,040 --> 00:14:43,200 Speaker 2: would be pleadable to come on that. 288 00:14:43,320 --> 00:14:46,400 Speaker 6: I suppose, you know, the try et cetera, non try 289 00:14:46,480 --> 00:14:49,320 Speaker 6: and after Cape they've traveled to Cape Town overnight, the 290 00:14:49,360 --> 00:14:51,680 Speaker 6: All Blacks. Nothing in Scott Robinson's in box as. 291 00:14:51,640 --> 00:14:55,240 Speaker 2: Yet on the on the try Andrew, thank you, Andrew. 292 00:14:55,320 --> 00:14:58,040 Speaker 2: Allison was sport just gone twenty five minutes after five o'clock. 293 00:14:58,120 --> 00:15:00,920 Speaker 2: And some of these messages are quite funny from women 294 00:15:00,960 --> 00:15:04,760 Speaker 2: who've given birth in our hospitals. Also, why none of 295 00:15:04,840 --> 00:15:07,040 Speaker 2: this really matters? I know, we've been talking about the 296 00:15:07,200 --> 00:15:10,200 Speaker 2: toast issue and you know, penny pinching here and the 297 00:15:10,240 --> 00:15:13,600 Speaker 2: air when we come back, why actually it's all a 298 00:15:13,680 --> 00:15:14,280 Speaker 2: bit futile. 299 00:15:14,720 --> 00:15:19,160 Speaker 1: The Early Edition Film Show podcast on iHeartRadio powered by. 300 00:15:19,120 --> 00:15:22,240 Speaker 2: Newstalks at Me, just gone twenty seven after five. As 301 00:15:22,280 --> 00:15:26,840 Speaker 2: we squabble over toast for new mums in hospitals and 302 00:15:27,160 --> 00:15:32,480 Speaker 2: funding for street dance performers in Auckland. As we pinch 303 00:15:32,520 --> 00:15:39,160 Speaker 2: our pennies, pinch our pennies, as we pinch our pennies. 304 00:15:40,040 --> 00:15:42,400 Speaker 2: We are penny pinching a lot lately, aren't we. We're 305 00:15:42,440 --> 00:15:45,120 Speaker 2: bickering about all sorts of things. You know, should nurses 306 00:15:45,160 --> 00:15:47,840 Speaker 2: be getting the free toast in the smokoe room if 307 00:15:47,840 --> 00:15:51,600 Speaker 2: they're doing a night shift. The insignificance of all of 308 00:15:51,680 --> 00:15:54,480 Speaker 2: these debates is being laid there. This morning. There's an 309 00:15:54,680 --> 00:15:57,320 Speaker 2: article in the Heel which is quite good. It's a 310 00:15:57,360 --> 00:16:00,240 Speaker 2: bit of a truth bomb from the Treasury boss. So 311 00:16:00,480 --> 00:16:03,080 Speaker 2: this is what she has said. She's leaving the job. 312 00:16:03,160 --> 00:16:05,920 Speaker 2: By the way, the data is not really new, but 313 00:16:06,200 --> 00:16:08,880 Speaker 2: the way that she is speaking so openly and frankly 314 00:16:09,080 --> 00:16:11,480 Speaker 2: is quite new. Her name is Carolie McLeish. You probably 315 00:16:11,560 --> 00:16:14,240 Speaker 2: don't know her name. She doesn't do many interviews. She 316 00:16:14,360 --> 00:16:18,600 Speaker 2: doesn't want to be in the press. She's Australian, she's apolitical. 317 00:16:18,800 --> 00:16:21,880 Speaker 2: She's five year term coming to an end. She's actually 318 00:16:21,920 --> 00:16:25,480 Speaker 2: going back to Australia to be the Attorney general over there. 319 00:16:26,040 --> 00:16:28,080 Speaker 2: Forgive me the order to general over there. So what 320 00:16:28,200 --> 00:16:31,120 Speaker 2: if she said, Well, she said, the chickens are coming 321 00:16:31,200 --> 00:16:35,320 Speaker 2: home to roost after COVID. We have a structural deficit 322 00:16:36,160 --> 00:16:38,840 Speaker 2: and it is so bad that the penny pinching or 323 00:16:38,880 --> 00:16:41,400 Speaker 2: the pinching pennies, whatever you want to call it, is 324 00:16:41,600 --> 00:16:43,960 Speaker 2: just not going to cut it. Here's a quote from her, 325 00:16:44,240 --> 00:16:51,080 Speaker 2: significant concerns about underlying fiscal sustainability of our operating model. Now, 326 00:16:51,120 --> 00:16:55,200 Speaker 2: our netcore crown debt is at forty three percent of GDP. Yes, 327 00:16:55,320 --> 00:16:58,880 Speaker 2: that is still within a prudent level, but it is 328 00:16:59,080 --> 00:17:02,960 Speaker 2: well up on this sub twenty percent of pre COVID. 329 00:17:03,760 --> 00:17:05,719 Speaker 2: This is the problem. And so what do we need? 330 00:17:06,040 --> 00:17:10,000 Speaker 2: She says, capital gains tax more comprehensive than the one 331 00:17:10,040 --> 00:17:13,640 Speaker 2: we've got, and a change to the pension age. Boy, 332 00:17:13,760 --> 00:17:17,280 Speaker 2: did we screw the pooch during COVID, right, And everyone said, 333 00:17:17,320 --> 00:17:18,800 Speaker 2: I don't worry, We're going to spend all this money 334 00:17:18,840 --> 00:17:21,320 Speaker 2: so we don't have a recession. But we've still had recessions, 335 00:17:23,240 --> 00:17:25,560 Speaker 2: so it doesn't really matter how much penny pinching though, 336 00:17:25,600 --> 00:17:26,879 Speaker 2: we still need the penny pincher. 337 00:17:27,680 --> 00:17:30,640 Speaker 1: The first word on the News of the Day Early 338 00:17:30,800 --> 00:17:34,439 Speaker 1: edition with Ryan Bridge and Smith City, New Zealand's Furniture 339 00:17:34,480 --> 00:17:37,200 Speaker 1: Beds and a playing store, News Talk Zippy. 340 00:17:43,000 --> 00:17:47,560 Speaker 2: In the grieb Marko, Welcome to your Monday twenty four 341 00:17:47,560 --> 00:17:51,879 Speaker 2: minutes away from six. Donald Trump is supporting the legalization 342 00:17:52,000 --> 00:17:56,040 Speaker 2: of cannabis in Florida. The headline slightly misleading. It makes 343 00:17:56,080 --> 00:17:59,640 Speaker 2: you think if Trump becomes president, we will be legal 344 00:17:59,680 --> 00:18:03,080 Speaker 2: every where. Not quite the case. All he's saying is 345 00:18:03,119 --> 00:18:05,359 Speaker 2: that in his home state of Florida, it's going to 346 00:18:05,400 --> 00:18:08,320 Speaker 2: be on the ballot to legalize cannabis, and he is 347 00:18:08,400 --> 00:18:10,840 Speaker 2: going to vote in favor, which puts them at odds, 348 00:18:10,880 --> 00:18:12,560 Speaker 2: by the way, with a whole bunch of apartment In fact, 349 00:18:12,640 --> 00:18:15,760 Speaker 2: most Republicans. You have to say, he says, if it's 350 00:18:15,880 --> 00:18:19,240 Speaker 2: gonna happen anyway, which the Poles say it will, you 351 00:18:19,400 --> 00:18:21,800 Speaker 2: may as well get it right. So he's saying, as 352 00:18:21,840 --> 00:18:24,720 Speaker 2: an individual voter in the state of Florida on the ballot. 353 00:18:24,760 --> 00:18:28,040 Speaker 2: He will support its interesting he's also going ahead this 354 00:18:28,200 --> 00:18:31,880 Speaker 2: is on the national level with making IVF treatment free 355 00:18:31,960 --> 00:18:35,600 Speaker 2: as well. So is this a liberal Trump we are 356 00:18:35,680 --> 00:18:38,960 Speaker 2: looking at as he faces Kamala Harris in the race 357 00:18:39,119 --> 00:18:42,520 Speaker 2: for the White House come November. Also, very quickly, I 358 00:18:42,600 --> 00:18:46,359 Speaker 2: promised you some numbers on housing. After two and a 359 00:18:46,400 --> 00:18:50,160 Speaker 2: half weeks ago, Adrian all started cutting rates. An increase 360 00:18:50,320 --> 00:18:53,359 Speaker 2: in the number of searchers on one roof dot CO 361 00:18:53,600 --> 00:18:58,080 Speaker 2: dot nzedg by inquiries jumped forty nine percent on the 362 00:18:58,119 --> 00:19:01,800 Speaker 2: same period last year brought up sixty four percent now 363 00:19:01,880 --> 00:19:04,560 Speaker 2: some thirty four percent, bay OF plenty twenty five percent, 364 00:19:04,680 --> 00:19:08,040 Speaker 2: twenty three to six. Ryan Bridge mcgoing thro oe reporters 365 00:19:08,080 --> 00:19:10,600 Speaker 2: around the country, Jamie Cunningham's and Duneed and Jamie some 366 00:19:10,720 --> 00:19:13,880 Speaker 2: good news potentially for tourism providers there. 367 00:19:14,640 --> 00:19:18,520 Speaker 7: Yes, international flights could be back on the cards, the 368 00:19:18,600 --> 00:19:22,240 Speaker 7: odt's reporting. An announcement video appeared on the airport's official 369 00:19:22,320 --> 00:19:26,240 Speaker 7: YouTube channel last week but was quickly deleted. Flights between 370 00:19:26,280 --> 00:19:30,639 Speaker 7: Dunedin and Australia stopped in twenty twenty. Otago University Tourism 371 00:19:30,680 --> 00:19:34,320 Speaker 7: professor Susan Hoji McKenzie says there's a focus on flights 372 00:19:34,359 --> 00:19:37,760 Speaker 7: to Queensland, which could be a positive starting point. She 373 00:19:37,840 --> 00:19:41,120 Speaker 7: says it would allow Australians and other visitors to explore 374 00:19:41,200 --> 00:19:44,480 Speaker 7: Otago while also getting darned and residents over the ditch. 375 00:19:44,960 --> 00:19:48,680 Speaker 2: Yeah, you get straight to the warm summary. Vibes of 376 00:19:48,800 --> 00:19:51,280 Speaker 2: Queensland would be lovely, wouldn't it. How's speaking of how's 377 00:19:51,320 --> 00:19:52,560 Speaker 2: your weather today, Jamie. 378 00:19:52,840 --> 00:19:55,440 Speaker 7: Well, it's getting up there today with fine with high 379 00:19:55,520 --> 00:19:59,080 Speaker 7: cloud this afternoon, but strong norwesterlies and a high of 380 00:19:59,160 --> 00:19:59,680 Speaker 7: twenty one. 381 00:20:00,000 --> 00:20:02,119 Speaker 2: Excellent. Thank you have a nice day, Claire. Shewards with 382 00:20:02,240 --> 00:20:05,320 Speaker 2: us from christ Church. Clear christ Church mum slamming a 383 00:20:05,400 --> 00:20:08,640 Speaker 2: lack of enforcement over child support. Yes, good morning Ryan. 384 00:20:08,720 --> 00:20:11,080 Speaker 8: Figures released to news Talks he'd be under the Official 385 00:20:11,119 --> 00:20:14,399 Speaker 8: Information Act reveal that of the ninety one thousand New 386 00:20:14,480 --> 00:20:18,359 Speaker 8: Zealand is expected to pay child support, seventy two percent 387 00:20:18,600 --> 00:20:22,040 Speaker 8: or more than sixty six thousand, are in default now. 388 00:20:22,119 --> 00:20:25,520 Speaker 8: Of them, thirty six people or zero point zero five percent, 389 00:20:25,880 --> 00:20:28,960 Speaker 8: have been referred for court action. The IIDs confirmed they 390 00:20:29,000 --> 00:20:31,720 Speaker 8: don't actually have a policy for court referrals for child 391 00:20:31,760 --> 00:20:35,560 Speaker 8: support areas which a family lawyer has labeled as inexcusable. 392 00:20:35,880 --> 00:20:38,680 Speaker 8: I've spoken with a mother who herself is owed thousands 393 00:20:38,680 --> 00:20:41,359 Speaker 8: of dollars. She asks not to be named, but has 394 00:20:41,440 --> 00:20:45,080 Speaker 8: labeled those numbers shameful. She says, if some receiving parents 395 00:20:45,240 --> 00:20:47,440 Speaker 8: are in a position where they're forced back to unsafe 396 00:20:47,520 --> 00:20:51,800 Speaker 8: situations because they simply financially cannot cope, the governments they're 397 00:20:51,840 --> 00:20:54,320 Speaker 8: not doing anything about it. She says, that's a kin 398 00:20:54,440 --> 00:20:55,840 Speaker 8: to state sanctioned abuse. 399 00:20:56,359 --> 00:20:59,399 Speaker 2: Wow, I mean that's a pretty big call. But you 400 00:20:59,440 --> 00:21:01,760 Speaker 2: can understand with a feeling of it. Right, how's your 401 00:21:01,800 --> 00:21:02,320 Speaker 2: weather clear? 402 00:21:02,920 --> 00:21:05,320 Speaker 8: It's nice here in christ Church two fine variable high 403 00:21:05,359 --> 00:21:08,320 Speaker 8: cloud northerly is becoming fresh and a maximum of twenty 404 00:21:08,400 --> 00:21:09,080 Speaker 8: one nice one. 405 00:21:09,119 --> 00:21:11,919 Speaker 2: Thank you. Max's and Wellington Homes eight bucks for a coffee? 406 00:21:11,960 --> 00:21:12,560 Speaker 2: Would I pay it? 407 00:21:14,000 --> 00:21:14,200 Speaker 9: Yes? 408 00:21:14,320 --> 00:21:14,679 Speaker 2: Probably? 409 00:21:15,680 --> 00:21:17,760 Speaker 3: Yeah, Well you probably already have to be fair at 410 00:21:17,800 --> 00:21:20,800 Speaker 3: some point. But yeah, look, a lot of us, I think, 411 00:21:20,800 --> 00:21:23,720 Speaker 3: at some point have complained about the rising cost of 412 00:21:23,840 --> 00:21:26,120 Speaker 3: buying a coffee. How much you pay for your flat white. 413 00:21:27,040 --> 00:21:29,119 Speaker 3: We and Wellington have a reputation, I suppose, of being 414 00:21:29,200 --> 00:21:33,560 Speaker 3: something akin to coffee snobs. The director of a flight 415 00:21:33,960 --> 00:21:38,560 Speaker 3: coffee in Wellington, which supplies a number of Establishments has 416 00:21:38,600 --> 00:21:41,840 Speaker 3: published something of an ophead a blog post arguing that 417 00:21:42,000 --> 00:21:44,560 Speaker 3: we should be paying more and we're actually getting quite 418 00:21:44,560 --> 00:21:46,720 Speaker 3: a good deal at the moment with the cost of coffee. 419 00:21:47,440 --> 00:21:50,480 Speaker 3: He says, operational costs have risen so much we should 420 00:21:50,520 --> 00:21:54,280 Speaker 3: be paying about eight bucks for just a takeaway flat white, 421 00:21:54,640 --> 00:21:57,760 Speaker 3: particularly here in the Capitol, where venues have been weighing 422 00:21:57,840 --> 00:22:02,160 Speaker 3: up rising prices, cutting our even closing altogether. He says 423 00:22:02,200 --> 00:22:05,200 Speaker 3: the situation is somewhat reminiscence of the two thousand and 424 00:22:05,240 --> 00:22:08,560 Speaker 3: eight GFC, but he does can see that actually raising 425 00:22:08,640 --> 00:22:11,800 Speaker 3: the price to eight bucks would turn customers off even more, 426 00:22:11,840 --> 00:22:12,680 Speaker 3: hence the predicament. 427 00:22:13,040 --> 00:22:15,080 Speaker 2: Yeah, it's a vicious circle. I mean, look at the 428 00:22:15,119 --> 00:22:18,119 Speaker 2: labor costs you increase of the minimum wage. I am 429 00:22:18,200 --> 00:22:20,920 Speaker 2: still dumbfounded. When you get a coffee that's, you know, 430 00:22:21,119 --> 00:22:22,960 Speaker 2: sort of under five dollars, How on earth do you 431 00:22:23,320 --> 00:22:25,880 Speaker 2: make it work. How's your weather today, Max? Yeah? 432 00:22:26,440 --> 00:22:29,680 Speaker 3: Mostly fine. Today's some strong northwesterlyes fifteen central. 433 00:22:29,800 --> 00:22:29,919 Speaker 1: Hew. 434 00:22:29,960 --> 00:22:32,520 Speaker 2: Do you know what happened with that plane caught on five? 435 00:22:33,560 --> 00:22:36,639 Speaker 3: No rationale? Yeah, So, I'm sure the investigations will be 436 00:22:36,680 --> 00:22:38,760 Speaker 3: taking place and we'll have the latest when we find. 437 00:22:38,600 --> 00:22:40,480 Speaker 2: Out all right, thanks? Next never read of matter is 438 00:22:40,480 --> 00:22:40,840 Speaker 2: an Auckland. 439 00:22:40,880 --> 00:22:43,280 Speaker 9: Hey, neither hello or just doing that number crunching on 440 00:22:43,320 --> 00:22:43,760 Speaker 9: the coffee? 441 00:22:43,880 --> 00:22:45,160 Speaker 2: Yeah, what do you pay? Well? 442 00:22:45,400 --> 00:22:47,320 Speaker 9: Well, you see the thing is, I can't drink coffee 443 00:22:47,359 --> 00:22:51,080 Speaker 9: after nine in the morning because you know, so I 444 00:22:51,160 --> 00:22:52,960 Speaker 9: will have a little weeness spree. So so I have 445 00:22:53,119 --> 00:22:55,840 Speaker 9: three little pods in the morning, a quarter to four 446 00:22:55,960 --> 00:22:58,960 Speaker 9: at home, three pods, three pods one after the other? 447 00:22:59,359 --> 00:23:00,639 Speaker 9: Pretty strong profs. 448 00:23:00,960 --> 00:23:02,520 Speaker 2: Are they doubles or singles or them? 449 00:23:02,840 --> 00:23:03,000 Speaker 1: Yeah? 450 00:23:03,040 --> 00:23:04,800 Speaker 9: There will there it's a triple. 451 00:23:06,480 --> 00:23:10,000 Speaker 2: But is that sex or is that three? Chief you're 452 00:23:10,040 --> 00:23:11,400 Speaker 2: thinking and you want. 453 00:23:11,280 --> 00:23:14,320 Speaker 9: To support, you know, the locals and the places. The 454 00:23:14,480 --> 00:23:17,720 Speaker 9: eight dollars though, imagine if it was eight dollars and 455 00:23:17,760 --> 00:23:20,480 Speaker 9: you're thinking, well, that's forty bucks a week. It's a 456 00:23:20,560 --> 00:23:21,240 Speaker 9: little bit, isn't it. 457 00:23:21,320 --> 00:23:24,080 Speaker 2: It's getting up there, It certainly is. Hey, how's you there? 458 00:23:24,119 --> 00:23:25,320 Speaker 2: Weather looking today in Auckland. 459 00:23:25,359 --> 00:23:28,240 Speaker 9: Never, well, there's fog this morning, so yeah, you've better 460 00:23:28,480 --> 00:23:31,800 Speaker 9: just check the airports, see what's going on. Cloudy periods 461 00:23:31,840 --> 00:23:35,400 Speaker 9: though this afternoon just the odd shower twenty is the high? 462 00:23:35,520 --> 00:23:36,439 Speaker 9: Isn't it getting warmer? 463 00:23:36,680 --> 00:23:37,199 Speaker 2: It certainly? 464 00:23:37,320 --> 00:23:37,720 Speaker 9: Is it? 465 00:23:37,800 --> 00:23:39,919 Speaker 2: Certainly is very foggy out there this morning. Take care 466 00:23:40,000 --> 00:23:42,600 Speaker 2: on the roads too, Neva. Thank you eighteen away from Sex, 467 00:23:43,400 --> 00:23:45,359 Speaker 2: because I know you just can't get enough of me. 468 00:23:45,520 --> 00:23:48,160 Speaker 2: I want to tell you about an exciting new project 469 00:23:48,280 --> 00:23:51,480 Speaker 2: that is being launched. I'm hosting a weekly podcast called 470 00:23:51,640 --> 00:23:54,840 Speaker 2: Bridge Talks Business with Melford. Each episode, I'll be getting 471 00:23:54,880 --> 00:23:57,600 Speaker 2: together with a member of Melford's team of leading analysts, 472 00:23:57,720 --> 00:24:00,480 Speaker 2: fund managers, and financial experts for a look at the 473 00:24:00,520 --> 00:24:04,840 Speaker 2: week's biggest business stories. It's a time for financial turbulence 474 00:24:04,880 --> 00:24:06,359 Speaker 2: at the moment, as you will all know, with the 475 00:24:06,400 --> 00:24:09,800 Speaker 2: global economy and transition. Inflation looks to be declining in 476 00:24:09,960 --> 00:24:14,639 Speaker 2: most developed countries, but volatility remains. So why is it happening, 477 00:24:14,760 --> 00:24:17,280 Speaker 2: what can be done about it? And where are things heading. 478 00:24:17,320 --> 00:24:20,560 Speaker 2: We'll look at the data, will work out what we 479 00:24:20,640 --> 00:24:23,880 Speaker 2: can learn from market history, and we'll ask the hard questions. 480 00:24:24,240 --> 00:24:26,800 Speaker 2: This will be your go to for expert insights on 481 00:24:26,880 --> 00:24:30,119 Speaker 2: the market's business and the economy, both here and overseas. 482 00:24:30,600 --> 00:24:33,520 Speaker 2: Join me for Bridge Talks Business with Melford. Subscribe on 483 00:24:33,720 --> 00:24:36,360 Speaker 2: iHeart or wherever you get your podcasts so you don't 484 00:24:36,400 --> 00:24:40,879 Speaker 2: miss an episode. Just search Bridge Talks Business. All discussions 485 00:24:40,960 --> 00:24:44,240 Speaker 2: are informational only and should not be considered financial advice. 486 00:24:44,880 --> 00:24:48,720 Speaker 1: International correspondence with Ends and Eye Insurance Peace of Mind 487 00:24:48,840 --> 00:24:50,200 Speaker 1: for New Zealand Business. 488 00:24:51,320 --> 00:24:54,680 Speaker 2: Fourteen to six. Now Gavin Gray's a UK and Europe correspondent, Gavin, 489 00:24:54,760 --> 00:24:56,879 Speaker 2: what's happening with the elections in Germany. 490 00:24:57,920 --> 00:25:01,080 Speaker 10: Well, it's certainly going to be pretty exciting. According to 491 00:25:01,320 --> 00:25:06,080 Speaker 10: projections now, it looks like the far right Alternative for 492 00:25:06,240 --> 00:25:09,840 Speaker 10: Deutschland is set to win nearly a third of the vote, 493 00:25:09,880 --> 00:25:12,240 Speaker 10: coming up to thirty one percent of the vote in 494 00:25:12,400 --> 00:25:16,040 Speaker 10: a projection for the Public broadcast for Ard. That is 495 00:25:16,240 --> 00:25:20,040 Speaker 10: six points ahead of the Conservative CDU party And if 496 00:25:20,080 --> 00:25:23,280 Speaker 10: you look at the three governing parties in the coalition, 497 00:25:23,720 --> 00:25:27,400 Speaker 10: they are well behind those two parties and if confirmed, 498 00:25:27,440 --> 00:25:29,680 Speaker 10: it would give the far right its first vote win 499 00:25:29,800 --> 00:25:34,119 Speaker 10: in a state parliament since World War II and the Nazis. However, 500 00:25:34,359 --> 00:25:36,720 Speaker 10: it's unlikely to be able to form a government in 501 00:25:36,920 --> 00:25:40,200 Speaker 10: the state of Thuringia because other parties are refusing to 502 00:25:40,280 --> 00:25:43,440 Speaker 10: have anything to do with the Alternative for Deutschland. Five 503 00:25:43,560 --> 00:25:46,960 Speaker 10: million Germans are ELIGI vote in the two state elections. 504 00:25:47,520 --> 00:25:51,280 Speaker 10: The Alternative for Deutschland is also close behind the Conservative 505 00:25:51,400 --> 00:25:54,960 Speaker 10: CDU in the election for the state parliament in Saxony. 506 00:25:55,600 --> 00:25:59,720 Speaker 10: There we're getting a slightly improved rating for the CDU 507 00:26:00,480 --> 00:26:03,560 Speaker 10: and the alternative for Deutschman again polling at thirty point 508 00:26:03,680 --> 00:26:07,320 Speaker 10: four percent, and the other three governing parties well down 509 00:26:07,400 --> 00:26:10,000 Speaker 10: on that as well. Why well, we've had the knifing 510 00:26:10,080 --> 00:26:13,560 Speaker 10: has reported a couple of weeks back, or a week 511 00:26:13,680 --> 00:26:16,560 Speaker 10: or so back now, and that was by a Syrian 512 00:26:16,720 --> 00:26:20,680 Speaker 10: asylum seeker. And I think basically immigration has played a 513 00:26:20,880 --> 00:26:23,760 Speaker 10: huge part in these two elections. And there's another election 514 00:26:23,960 --> 00:26:26,359 Speaker 10: coming up in a couple of weeks in the state 515 00:26:26,560 --> 00:26:27,520 Speaker 10: of Brandenburg. 516 00:26:27,720 --> 00:26:31,040 Speaker 2: All Right, given the keywi skipper of the Basian, the 517 00:26:31,680 --> 00:26:35,240 Speaker 2: yacht that sank in near Sicily, The crew members are talking. 518 00:26:35,280 --> 00:26:35,880 Speaker 2: What are they saying? 519 00:26:36,880 --> 00:26:40,280 Speaker 10: Yeah, they are They've been talking to local reporters. The 520 00:26:40,359 --> 00:26:44,280 Speaker 10: most recent interview has been given by Matthew Griffiths, and 521 00:26:44,720 --> 00:26:47,240 Speaker 10: he was a crew member of that yacht. You're a 522 00:26:47,359 --> 00:26:52,240 Speaker 10: member that seven people died, including sorry, seven people died, 523 00:26:52,320 --> 00:26:55,800 Speaker 10: including the British tech tycoon Mike Lynch, in that luxury 524 00:26:55,880 --> 00:26:59,119 Speaker 10: yacht sinking off the Sicilian port of Porticello back on 525 00:26:59,280 --> 00:27:03,280 Speaker 10: August the ninetheh Now what Matthew Griffiths, who was on 526 00:27:03,520 --> 00:27:06,200 Speaker 10: watch duty on the night of the disaster, says to 527 00:27:06,400 --> 00:27:08,920 Speaker 10: investigators is the crew members did everything they could to 528 00:27:09,000 --> 00:27:11,320 Speaker 10: save those on board. He said, and I quote, I 529 00:27:11,400 --> 00:27:13,720 Speaker 10: woke up the captain when the wind was twenty knots 530 00:27:13,760 --> 00:27:17,800 Speaker 10: that's roughly thirty seven kmph Ryan, and he gave the 531 00:27:17,920 --> 00:27:20,920 Speaker 10: orders to wake everyone else up. The ship then tilted 532 00:27:21,000 --> 00:27:23,520 Speaker 10: and we were thrown in the water. We managed to 533 00:27:23,560 --> 00:27:25,920 Speaker 10: get back up on and then tried to rescue those 534 00:27:26,119 --> 00:27:28,520 Speaker 10: we could. He said. We were walking on the walls 535 00:27:28,560 --> 00:27:31,679 Speaker 10: of the boat and basically we did try and save everyone, 536 00:27:31,760 --> 00:27:35,320 Speaker 10: and there were fifteen survivors. Now, the boat's captain, the Keiwe, 537 00:27:35,520 --> 00:27:39,240 Speaker 10: James Cupfield, and the ship engineer Tim Parker Eaton and 538 00:27:39,440 --> 00:27:42,960 Speaker 10: Matthew Griffiths, who's given this interview are all placed under 539 00:27:43,000 --> 00:27:47,400 Speaker 10: investigation by the Italian authorities for potential manslaughter and ship rate. 540 00:27:47,520 --> 00:27:51,200 Speaker 10: But and I must dress being investigated does not imply 541 00:27:51,359 --> 00:27:54,359 Speaker 10: guilt and does not meet formal charges will follow. 542 00:27:54,520 --> 00:27:56,760 Speaker 2: Yeah, absolutely given. Thank you for that. Givin Gray you 543 00:27:56,840 --> 00:27:59,679 Speaker 2: can you're correspondent. Just gone eleven minutes away from. 544 00:27:59,560 --> 00:28:01,680 Speaker 1: Six o'clock, Bryan Bridge. 545 00:28:01,600 --> 00:28:04,359 Speaker 2: Doctor Caroly McLeish. She probably don't know her name, but 546 00:28:04,440 --> 00:28:07,400 Speaker 2: she is the Treasury boss. She's the outgoing Treasury boss 547 00:28:07,480 --> 00:28:10,400 Speaker 2: going back home to Australia after a five year term here, 548 00:28:10,640 --> 00:28:13,439 Speaker 2: and she says we have a structural deficit in New 549 00:28:13,520 --> 00:28:16,840 Speaker 2: Zealand and things are so bad. She reckons we need 550 00:28:17,000 --> 00:28:20,120 Speaker 2: a capital gains tax, comprehensive capital gains tax to try 551 00:28:20,119 --> 00:28:22,600 Speaker 2: and fix it into the future, and we need to 552 00:28:22,720 --> 00:28:25,800 Speaker 2: change our pension age. Jeff nightingales with us this morning, 553 00:28:26,119 --> 00:28:28,399 Speaker 2: Independent tax advisor Jeff good morning. 554 00:28:29,119 --> 00:28:29,800 Speaker 4: Good morning Ryan. 555 00:28:29,960 --> 00:28:31,560 Speaker 2: Does she have a point here? 556 00:28:32,520 --> 00:28:35,720 Speaker 4: Yes, yes she does. Unfortunately, it's very consistent with what 557 00:28:35,960 --> 00:28:39,080 Speaker 4: Treasury has been saying for Well, I bet you're part 558 00:28:39,160 --> 00:28:42,720 Speaker 4: of five or six years now. They publish every four 559 00:28:42,840 --> 00:28:46,640 Speaker 4: years a long term fiscal position and that's consistently showing 560 00:28:46,640 --> 00:28:49,000 Speaker 4: The last one they published was twenty twenty one, and 561 00:28:49,120 --> 00:28:52,520 Speaker 4: that's consistently showing that we're spending more than we're collecting 562 00:28:52,680 --> 00:28:56,720 Speaker 4: and that results in unsustainable levels of debt into the future. 563 00:28:56,840 --> 00:28:58,680 Speaker 4: So she's unfortunately, she's right. 564 00:28:58,920 --> 00:29:02,480 Speaker 2: She's also linkedo A to COVID quite specifically as well, 565 00:29:02,600 --> 00:29:05,840 Speaker 2: isn't she When she talks about the structural deficits so 566 00:29:06,000 --> 00:29:09,840 Speaker 2: we're currently at forty three percent of GDP, well up 567 00:29:09,880 --> 00:29:12,920 Speaker 2: from the sub twenties before COVID. 568 00:29:14,720 --> 00:29:18,400 Speaker 4: That's right. So the COVID expenditure has bumped us, bumped 569 00:29:18,440 --> 00:29:21,000 Speaker 4: our debt levels up from sort of twenty forty to 570 00:29:21,360 --> 00:29:25,040 Speaker 4: sustainable dead But it's the outward looking track that be 571 00:29:25,120 --> 00:29:31,120 Speaker 4: worries and particular and healthcare. When we're all aging, our 572 00:29:31,160 --> 00:29:33,920 Speaker 4: population is aging, more of us will draw down on 573 00:29:34,080 --> 00:29:38,160 Speaker 4: national super it's a universal benefit, and the aging population 574 00:29:38,280 --> 00:29:40,800 Speaker 4: is going to need more healthcare. So the projections on 575 00:29:40,920 --> 00:29:43,920 Speaker 4: those two crown expenditures are pretty frightening over the next 576 00:29:43,960 --> 00:29:44,760 Speaker 4: sort of thirty years. 577 00:29:45,200 --> 00:29:47,280 Speaker 2: Is this not somebody's text and why can't we just 578 00:29:47,360 --> 00:29:49,360 Speaker 2: keep cutting? Is this not something we can just cut 579 00:29:49,440 --> 00:29:50,040 Speaker 2: our way out of. 580 00:29:51,560 --> 00:29:52,280 Speaker 5: Well, we could. 581 00:29:52,880 --> 00:29:56,400 Speaker 4: Look, when you're dealing with public finances, there's only three believers. 582 00:29:56,480 --> 00:30:01,160 Speaker 4: There's more tax there's cutting expenditure, or this debt. The 583 00:30:01,280 --> 00:30:03,920 Speaker 4: debt leave is pretty unsustainable. We've been drawing on that. 584 00:30:05,640 --> 00:30:08,040 Speaker 4: This current government's doing a little bit of expenditure cutting, 585 00:30:08,080 --> 00:30:10,680 Speaker 4: but it's not really addressing that structural deficit. So that 586 00:30:10,880 --> 00:30:13,600 Speaker 4: really leaves us in the position of more taxes and 587 00:30:14,240 --> 00:30:15,000 Speaker 4: none of us like that. 588 00:30:15,800 --> 00:30:19,360 Speaker 2: Certainly not. Jeff, thank you for that. Independent tax advisor. 589 00:30:19,560 --> 00:30:26,680 Speaker 2: Jeff Nightingale nine minutes away from six Rich, good morning. 590 00:30:26,720 --> 00:30:28,880 Speaker 2: If you're just joining an early edition, here is your 591 00:30:28,960 --> 00:30:32,960 Speaker 2: type five for Monday, the second of September. Number five. 592 00:30:33,080 --> 00:30:36,640 Speaker 2: Ukraine is heading Russia, where it hurts overnight drone strikes 593 00:30:36,680 --> 00:30:40,520 Speaker 2: on oil refineries in Moscow, of all places. And it 594 00:30:40,640 --> 00:30:44,000 Speaker 2: gets worse for Moscow because Ukraine is now producing their 595 00:30:44,080 --> 00:30:47,200 Speaker 2: own drones because the West not giving them enough. Four 596 00:30:47,600 --> 00:30:50,800 Speaker 2: property market getting a jumpstart. Early signs of one anyway 597 00:30:50,920 --> 00:30:53,239 Speaker 2: one roof dot, co, dot and ZED searchers are up 598 00:30:53,360 --> 00:30:57,320 Speaker 2: forty nine percent since Adrian Or started hacking the ocr 599 00:30:57,440 --> 00:31:01,720 Speaker 2: less than three weeks ago. Ellen plane catches fire in Wellington, 600 00:31:02,000 --> 00:31:05,520 Speaker 2: huge barge runs aground in Westport, the yachts sinking in Sicily. 601 00:31:05,760 --> 00:31:08,800 Speaker 2: No idea really yet what happened to cause any of 602 00:31:08,920 --> 00:31:12,480 Speaker 2: these things. But what we do know human's basically made 603 00:31:12,520 --> 00:31:16,520 Speaker 2: to stay on land. Anything else dangerous to rugby. Media 604 00:31:16,640 --> 00:31:21,160 Speaker 2: calls it a controversial loss. The spring box quote got lucky. Honestly, 605 00:31:21,520 --> 00:31:24,880 Speaker 2: it's a game. There's a ref They're a human. There 606 00:31:24,920 --> 00:31:28,440 Speaker 2: will be mistakes. Get over it. Big report out this 607 00:31:28,560 --> 00:31:31,800 Speaker 2: morning in the Herald about health. Planned surgeries are being 608 00:31:31,840 --> 00:31:34,160 Speaker 2: cut because people are coming in last minute with what 609 00:31:34,280 --> 00:31:37,920 Speaker 2: they call more urgent and complex conditions. Usually this is 610 00:31:38,040 --> 00:31:42,520 Speaker 2: code for obesity and an aging population causing more problems. 611 00:31:43,040 --> 00:31:45,600 Speaker 2: There should be no surprise we are sicker as a 612 00:31:45,680 --> 00:31:48,600 Speaker 2: country because we eat more, too much, and we don't 613 00:31:48,720 --> 00:31:53,360 Speaker 2: move enough. Plus everybody's getting older, aren't they, And that's 614 00:31:53,400 --> 00:31:55,720 Speaker 2: a very expensive thing to try and grapple with. Seven 615 00:31:55,760 --> 00:31:56,680 Speaker 2: Away from six. 616 00:31:58,080 --> 00:32:01,480 Speaker 1: Get ahead of the headlines, right bridge you for twenty 617 00:32:01,560 --> 00:32:05,320 Speaker 1: twenty four on early edition with Smith City, New Zealand's 618 00:32:05,320 --> 00:32:06,960 Speaker 1: furniture beds and a player store. 619 00:32:07,120 --> 00:32:09,640 Speaker 2: News Talk said be five away from six on news 620 00:32:09,720 --> 00:32:12,800 Speaker 2: Talk said, be welcome to your Monday morning. Mike Hosking 621 00:32:12,920 --> 00:32:14,520 Speaker 2: is with your next Mike. Good morning to you, Good 622 00:32:14,600 --> 00:32:17,880 Speaker 2: morning to you. Ryan. We're just talking about the weather, 623 00:32:18,040 --> 00:32:18,360 Speaker 2: aren't we. 624 00:32:18,640 --> 00:32:20,720 Speaker 11: We are, because that's all we've got to talk about, 625 00:32:21,000 --> 00:32:22,280 Speaker 11: just idle chit chat. 626 00:32:22,920 --> 00:32:25,240 Speaker 2: In the ad breaks, well, I was going to talk 627 00:32:25,280 --> 00:32:27,520 Speaker 2: to you gaps, so they reckon there's an article and 628 00:32:27,720 --> 00:32:30,320 Speaker 2: all it did was print me the photo rather than 629 00:32:30,400 --> 00:32:32,880 Speaker 2: the actual article. So I don't have any detail for you. 630 00:32:33,000 --> 00:32:35,920 Speaker 2: But not good technically, not great technically but the photo 631 00:32:36,040 --> 00:32:39,640 Speaker 2: was good because it's men's abs. Apparently men are getting surgery, 632 00:32:39,760 --> 00:32:41,680 Speaker 2: plastic surgery to get abs. 633 00:32:41,760 --> 00:32:44,160 Speaker 11: I saw the I saw the piece, didn't read it. 634 00:32:44,240 --> 00:32:46,440 Speaker 11: I don't believe it. No, I don't believe it. 635 00:32:46,440 --> 00:32:47,040 Speaker 2: Would you get it? 636 00:32:47,120 --> 00:32:49,760 Speaker 11: Of course, not because I'm thinking about I mean, it's 637 00:32:49,840 --> 00:32:51,680 Speaker 11: hard for you as you look at me. I think 638 00:32:51,720 --> 00:32:53,680 Speaker 11: it's hard for you to believe I haven't had some 639 00:32:53,880 --> 00:32:57,320 Speaker 11: sort of procedure, given how young I look for my age, 640 00:32:58,080 --> 00:32:59,120 Speaker 11: but I haven't. 641 00:32:59,840 --> 00:33:00,680 Speaker 2: Do you have abs? 642 00:33:01,480 --> 00:33:07,000 Speaker 11: I do, actually I do. Whether you whether to see them, no, no, no, no, 643 00:33:07,360 --> 00:33:09,680 Speaker 11: whether whether you can actually see them or not where not, 644 00:33:09,760 --> 00:33:12,040 Speaker 11: whether you can see them, whether anyone can see. Everyone's 645 00:33:12,040 --> 00:33:14,880 Speaker 11: got ass exactly, just a matter of how it exploss 646 00:33:14,920 --> 00:33:17,160 Speaker 11: But I'd go so far as to simon in pretty 647 00:33:17,200 --> 00:33:20,320 Speaker 11: damn good shape for my age. And it's the regime 648 00:33:20,440 --> 00:33:22,880 Speaker 11: I do each day. The sit ups, the weights, the squats, 649 00:33:22,960 --> 00:33:26,560 Speaker 11: oh yes, the bedrn, the plunging everything. Flexibility. I heard 650 00:33:26,600 --> 00:33:31,120 Speaker 11: you say flexibility. Read it and look it up and learn. 651 00:33:31,200 --> 00:33:33,640 Speaker 11: Flexibility is the go to the ancient cultures, go to 652 00:33:33,680 --> 00:33:37,320 Speaker 11: the bogs and the Chinese. Flexibility is the key to 653 00:33:37,720 --> 00:33:38,720 Speaker 11: aging gracefully. 654 00:33:39,000 --> 00:33:39,960 Speaker 2: What's on the show today. 655 00:33:41,240 --> 00:33:45,280 Speaker 11: Difficult to say, Actually no, it's not. Shane Retty funnily enough, 656 00:33:45,320 --> 00:33:48,400 Speaker 11: you know this whole business of emergency surgery and racing the. 657 00:33:49,720 --> 00:33:53,280 Speaker 2: Shane for some abs we will. He's in charge. Mike's 658 00:33:53,360 --> 00:33:54,040 Speaker 2: next to tomorrow 659 00:33:57,680 --> 00:34:00,280 Speaker 1: For more from news talks that'd be listen live on 660 00:34:00,440 --> 00:34:03,320 Speaker 1: air or online, and keep our shows with you wherever 661 00:34:03,440 --> 00:34:05,960 Speaker 1: you go with our podcasts on iHeartRadio.