1 00:00:02,360 --> 00:00:06,800 Speaker 1: The issues is the interviews and the insight. Ryan Bridge 2 00:00:06,800 --> 00:00:11,120 Speaker 1: on early edition with one roof make your property search simple, 3 00:00:11,800 --> 00:00:12,280 Speaker 1: use Talks. 4 00:00:12,320 --> 00:00:15,600 Speaker 2: It'd be good morning, Welcome to your Thursday's budget Day 5 00:00:15,600 --> 00:00:18,599 Speaker 2: to day. We'll get to Simon Bridge's former Associate Finance 6 00:00:18,640 --> 00:00:21,440 Speaker 2: Minister and the Sea to use Craig Rennie for their pecks. 7 00:00:21,800 --> 00:00:24,720 Speaker 2: Superannuation going to be a big topic of discussion this morning. 8 00:00:24,800 --> 00:00:27,800 Speaker 2: If you've got views nine to nine two the number 9 00:00:27,840 --> 00:00:30,240 Speaker 2: de text. Mitch McCann is in the US for US. 10 00:00:30,280 --> 00:00:34,479 Speaker 2: Trump's been meeting with the South African counterpart. We will talk. 11 00:00:34,600 --> 00:00:36,879 Speaker 2: There's still actually going in the Oval Office. We'll talk 12 00:00:36,880 --> 00:00:39,600 Speaker 2: about that later in the program. Our reporters around the country. 13 00:00:39,640 --> 00:00:43,479 Speaker 2: Of course, Shane Jones wants to look at farming octopus, 14 00:00:43,760 --> 00:00:45,600 Speaker 2: but I also want to ask him where are we 15 00:00:45,680 --> 00:00:48,320 Speaker 2: at with the oil and Gas band bill because it's 16 00:00:48,400 --> 00:00:52,400 Speaker 2: basically stalled and we're celebrating our primary sector this morning 17 00:00:52,440 --> 00:00:55,680 Speaker 2: after those trade surpus numbers that we had at yesterday. 18 00:00:56,400 --> 00:01:02,160 Speaker 2: It is seven minutes after five Thursday of twenty second 19 00:01:02,160 --> 00:01:03,920 Speaker 2: of May. At the White House. As I mentioned, the 20 00:01:04,000 --> 00:01:07,679 Speaker 2: South African President Cyril Ramaposa is there. He's been visiting Trump. 21 00:01:07,720 --> 00:01:11,440 Speaker 2: Trump says white farmers are fleeing South Africa, with dozens 22 00:01:11,480 --> 00:01:16,400 Speaker 2: moving to the US's refugees. Ramaposa denied it. Then Trump 23 00:01:16,959 --> 00:01:19,040 Speaker 2: confronted him by playing a video. 24 00:01:19,920 --> 00:01:22,320 Speaker 3: Let me see the articles flares of a you would 25 00:01:22,400 --> 00:01:26,200 Speaker 3: and excuse me, turn the lights down. Turn the lights 26 00:01:26,280 --> 00:01:29,000 Speaker 3: down and just put this on. It's right behind you. 27 00:01:30,000 --> 00:01:33,160 Speaker 3: Each one of those white things you see is across 28 00:01:34,440 --> 00:01:39,880 Speaker 3: and there's approximately a thousand of them. They're all white farmers, 29 00:01:40,280 --> 00:01:44,760 Speaker 3: the family of white farmers. And those guys aren't driving 30 00:01:44,800 --> 00:01:47,880 Speaker 3: their stuff there to pay respects to their family member 31 00:01:47,920 --> 00:01:48,520 Speaker 3: who's killed. 32 00:01:49,120 --> 00:01:52,880 Speaker 2: Rama Posa's just sitting there like what is happening? Show 33 00:01:52,920 --> 00:01:55,920 Speaker 2: and tell from the president. Meanwhile, Trump's been talking about 34 00:01:55,920 --> 00:01:58,360 Speaker 2: building a Golden dime. We spoke about this yesterday. And 35 00:01:58,480 --> 00:02:01,560 Speaker 2: guess who's come along saying I want to be covered 36 00:02:01,560 --> 00:02:05,080 Speaker 2: by your golden dome. It's Kni from Canada. 37 00:02:05,680 --> 00:02:08,079 Speaker 4: You'll get many defense experts who say that this is 38 00:02:08,520 --> 00:02:10,840 Speaker 4: how Donald Trump and know the world leaders should be 39 00:02:10,919 --> 00:02:13,920 Speaker 4: looking at defense for the future. The big question is 40 00:02:14,120 --> 00:02:18,840 Speaker 4: is Donald Trump being overly vicious now Gaza. 41 00:02:18,960 --> 00:02:22,160 Speaker 2: Obviously there are growing calls for aid for the Palestinians. 42 00:02:22,240 --> 00:02:24,960 Speaker 2: Israeli officials say ninety three trucks are being let in. 43 00:02:25,240 --> 00:02:28,480 Speaker 2: The UN says teams have not been able to distribute 44 00:02:28,560 --> 00:02:29,640 Speaker 2: the aid that they're bringing in. 45 00:02:30,040 --> 00:02:33,200 Speaker 5: We started to see malnutrition go down, we started to 46 00:02:33,240 --> 00:02:35,680 Speaker 5: fix fad the points. We got medicines in the hospitals, 47 00:02:35,919 --> 00:02:38,520 Speaker 5: but it was five hundred trucks a day, and we're 48 00:02:38,560 --> 00:02:41,880 Speaker 5: not seeing anything like that right now, a tiny, tiny fraction. 49 00:02:42,400 --> 00:02:45,120 Speaker 5: So if we're serious, if the government is serious about that, 50 00:02:45,480 --> 00:02:48,000 Speaker 5: then the United Nations and very brave partners are ready 51 00:02:48,000 --> 00:02:51,440 Speaker 5: to go. But early stages so far, I'm not. 52 00:02:51,400 --> 00:02:54,360 Speaker 2: Looking good now. Jas Thornton, she's the mental health advocate 53 00:02:54,400 --> 00:02:56,240 Speaker 2: blessed her. I think she does great work, but I 54 00:02:56,240 --> 00:03:00,600 Speaker 2: think she's completely wrong. She came out yesterday and basically 55 00:03:00,639 --> 00:03:04,440 Speaker 2: against the ban on social media for kids. She reckons 56 00:03:04,440 --> 00:03:08,280 Speaker 2: the band could lead to more kids taking their own lives. 57 00:03:08,840 --> 00:03:11,160 Speaker 6: There's been kids that say that they would not be 58 00:03:11,280 --> 00:03:12,800 Speaker 6: here if it wasn't for that. 59 00:03:12,960 --> 00:03:13,920 Speaker 2: I just think so. 60 00:03:13,919 --> 00:03:16,799 Speaker 6: Much more needs to be looked at and assessed because 61 00:03:16,880 --> 00:03:19,240 Speaker 6: I think we're going to lose more kids from something 62 00:03:19,440 --> 00:03:19,839 Speaker 6: like this. 63 00:03:21,520 --> 00:03:24,239 Speaker 2: The evidence, if that's what you want to go off, 64 00:03:24,720 --> 00:03:28,600 Speaker 2: the overwhelming evidence is that phones are making our kids mental. 65 00:03:29,160 --> 00:03:33,960 Speaker 2: They're making them depressed, They're making them anxious, the worst 66 00:03:33,960 --> 00:03:38,320 Speaker 2: thing for their mental health. Nine after five Get. 67 00:03:38,200 --> 00:03:42,240 Speaker 1: Ahead of the Headlines on early edition with Ryan Bridge 68 00:03:42,280 --> 00:03:46,200 Speaker 1: and one roof Make your Property Search Simple News talks 69 00:03:46,240 --> 00:03:46,520 Speaker 1: that'd be. 70 00:03:46,760 --> 00:03:49,080 Speaker 2: Lots of stuff for you this morning. Trump's big beautiful 71 00:03:49,080 --> 00:03:50,800 Speaker 2: bill trying to get through the House. We'll look at that. 72 00:03:50,840 --> 00:03:54,560 Speaker 2: We've got new seak numbers. We got this Reserve Bank survey, 73 00:03:54,680 --> 00:03:57,560 Speaker 2: the first one that they've done, asking businesses, how do 74 00:03:57,600 --> 00:03:59,760 Speaker 2: you feel about inflation? What's going to happen with inflation? 75 00:04:01,160 --> 00:04:03,280 Speaker 2: It's not good. We'll get to that later. But I 76 00:04:03,400 --> 00:04:07,120 Speaker 2: was just wondering for people who are reading the news, 77 00:04:08,200 --> 00:04:10,400 Speaker 2: did you see this story from Kate McNamara at The 78 00:04:10,400 --> 00:04:13,880 Speaker 2: Herald yesterday. She's a business journalist. She did great stuff 79 00:04:13,960 --> 00:04:16,760 Speaker 2: during COVID. Anyway, she's had a look at David Seymour's 80 00:04:16,800 --> 00:04:19,440 Speaker 2: Regulatory Standards Bill because it's been introduced to the House 81 00:04:19,480 --> 00:04:21,880 Speaker 2: this week. And I was talking to a friend about 82 00:04:21,880 --> 00:04:25,599 Speaker 2: this on the weekend. Is anybody on board with David 83 00:04:25,680 --> 00:04:30,080 Speaker 2: Seymour and his crusades at the moment? I don't know. 84 00:04:30,200 --> 00:04:36,520 Speaker 2: I just feel like they're maybe not quite achieving the 85 00:04:36,560 --> 00:04:39,159 Speaker 2: things that they set out to achieve while also costing 86 00:04:39,240 --> 00:04:42,960 Speaker 2: us a shite ton of money. So here's a look 87 00:04:43,000 --> 00:04:47,360 Speaker 2: at this. So it's basically it's very complicated and convoluted process. 88 00:04:47,760 --> 00:04:50,120 Speaker 2: But you've got to go away and measure all of 89 00:04:50,160 --> 00:04:54,080 Speaker 2: the current bills that exist and all future bills, measure 90 00:04:54,080 --> 00:04:57,320 Speaker 2: those against the set of standards that the regulatory standards, 91 00:04:58,040 --> 00:05:01,640 Speaker 2: and there'll be a new statutory boards set up. Oh 92 00:05:01,640 --> 00:05:05,120 Speaker 2: that sounds expensive. It's all run by the regulation Ministry 93 00:05:05,160 --> 00:05:09,200 Speaker 2: Ministry of Regulation, which again he has set up. None 94 00:05:09,240 --> 00:05:12,720 Speaker 2: of this stuff is binding, so you will end up 95 00:05:12,760 --> 00:05:15,680 Speaker 2: surely it will be like you know, measuring things against 96 00:05:16,120 --> 00:05:20,760 Speaker 2: climate change standards or whatever, you know, another well being standards, 97 00:05:20,800 --> 00:05:25,560 Speaker 2: another bunch of measures you measure against. Recommendations get made 98 00:05:25,600 --> 00:05:28,520 Speaker 2: and then get ignored. None of it's binding, and the 99 00:05:28,600 --> 00:05:32,719 Speaker 2: cost Kate McNamara reckons twenty million dollars a year for 100 00:05:32,800 --> 00:05:38,320 Speaker 2: twenty years. And what's worse, impossible to identify any benefits 101 00:05:38,320 --> 00:05:40,720 Speaker 2: at this stage. I mean, if this was just if 102 00:05:40,760 --> 00:05:42,400 Speaker 2: the shoe was on the other foot and just Sindra 103 00:05:42,440 --> 00:05:44,599 Speaker 2: Adur and said I've got this amaze as she did, 104 00:05:45,480 --> 00:05:47,640 Speaker 2: you know, with the well being amazing idea, and we 105 00:05:47,839 --> 00:05:49,720 Speaker 2: need to measure this against that, and I'll set up 106 00:05:49,720 --> 00:05:52,160 Speaker 2: a working group and I'll set up a board and 107 00:05:52,200 --> 00:05:54,320 Speaker 2: it's going to cost you this much. And by the way, 108 00:05:54,360 --> 00:05:56,400 Speaker 2: I can't tell you how much it will save us. 109 00:05:57,080 --> 00:06:01,719 Speaker 2: You would be furious, wouldn't you. And the Ministry for 110 00:06:01,800 --> 00:06:06,279 Speaker 2: Regulation seventy staff, seventeen fixed term, the average salary one 111 00:06:06,360 --> 00:06:09,000 Speaker 2: hundred and fifty thousand dollars. And I had a look 112 00:06:09,040 --> 00:06:12,720 Speaker 2: on their website their news releases since they've been set 113 00:06:12,800 --> 00:06:16,560 Speaker 2: up basically couple of reviews. You know, you'll probably be 114 00:06:16,600 --> 00:06:18,479 Speaker 2: able to get a beer at your hairdresser or a 115 00:06:18,480 --> 00:06:20,480 Speaker 2: glass of wine if you want. There'll be no hot 116 00:06:20,520 --> 00:06:25,400 Speaker 2: water at the daycare as of compulsion, but really twelve 117 00:06:25,480 --> 00:06:28,719 Speaker 2: after five News Talk se B Bryan Bridge coming up next. 118 00:06:28,720 --> 00:06:32,880 Speaker 2: We're going to talk to Federated farmers because the primary 119 00:06:32,880 --> 00:06:36,640 Speaker 2: sector has been driving our export growth and there's a 120 00:06:36,640 --> 00:06:39,680 Speaker 2: lot to celebrate. This morning News and Views. 121 00:06:39,400 --> 00:06:42,400 Speaker 1: You trust to start your day is early editioned with 122 00:06:42,600 --> 00:06:46,720 Speaker 1: Ryan Bridge and One Room Make your Property Search Simple. 123 00:06:46,960 --> 00:06:50,120 Speaker 2: News TALKSB just gone quarter past five, so we've got 124 00:06:50,160 --> 00:06:52,600 Speaker 2: to seek employment data out. This is their job ads 125 00:06:52,640 --> 00:06:56,080 Speaker 2: report for April. The job ads are up one percent 126 00:06:56,240 --> 00:07:00,200 Speaker 2: month on month. The applications per ad down three percent 127 00:07:00,240 --> 00:07:03,000 Speaker 2: month on month. This is good. This is the fourth 128 00:07:03,080 --> 00:07:06,840 Speaker 2: month of growth this year. The annual rate of decline 129 00:07:06,880 --> 00:07:09,560 Speaker 2: is that it's lowest since December twenty twenty two, so 130 00:07:09,640 --> 00:07:11,840 Speaker 2: that is good too. I mean, it's not taking off 131 00:07:12,520 --> 00:07:15,920 Speaker 2: a modest recovery you might call it, or at least stabilizing. 132 00:07:16,280 --> 00:07:18,640 Speaker 2: Volumes were up as well, solid growth in some big 133 00:07:18,680 --> 00:07:21,920 Speaker 2: regions or cleaned up three percent for volumes. Why count 134 00:07:22,160 --> 00:07:25,480 Speaker 2: up four percent for volumes and year on year growth, 135 00:07:26,040 --> 00:07:29,480 Speaker 2: which is quite a different beast Otago up one percent, 136 00:07:29,560 --> 00:07:32,760 Speaker 2: Tasman up four percent. They are among just a handful 137 00:07:32,800 --> 00:07:36,920 Speaker 2: of regions where that actually happened. The industries ten percent 138 00:07:37,000 --> 00:07:40,920 Speaker 2: jump for retail and IT up seven percent month on 139 00:07:41,000 --> 00:07:43,360 Speaker 2: month and seven percent year on year. So we love 140 00:07:43,400 --> 00:07:47,320 Speaker 2: an IT expert a month or two. Well done. Largest 141 00:07:47,400 --> 00:07:49,800 Speaker 2: rise in job adds month on month, up ten percent 142 00:07:49,840 --> 00:07:53,520 Speaker 2: from March. This is sixteen after five now. Grime bred 143 00:07:53,680 --> 00:07:56,400 Speaker 2: climbary sector has helped drive an April trade surplus of 144 00:07:56,480 --> 00:07:59,560 Speaker 2: one point four billion dollars, first billion dollar surplus in 145 00:07:59,640 --> 00:08:02,800 Speaker 2: five years. For the month it was a five hundred 146 00:08:03,000 --> 00:08:06,840 Speaker 2: sorry a twelve million dollar deficit the same time last year. 147 00:08:07,160 --> 00:08:10,280 Speaker 2: Dairy the big winner, up six hundred million dollars on 148 00:08:10,400 --> 00:08:12,600 Speaker 2: last year to a total of two point two billion. 149 00:08:12,640 --> 00:08:15,720 Speaker 2: Milk powder alone brought in a billion bucks, up thirty 150 00:08:15,760 --> 00:08:19,840 Speaker 2: two percent on last year. Richard McIntyre, Federated Farmers Dairy Chairperson, 151 00:08:19,880 --> 00:08:22,920 Speaker 2: with me this morning, Richard, Good morning, Good morning, Ron. 152 00:08:23,440 --> 00:08:26,520 Speaker 2: So this is something worth celebrating, is it? Can you 153 00:08:26,520 --> 00:08:29,160 Speaker 2: put it into context? Everyone's saying our farmers are creaming it. 154 00:08:29,320 --> 00:08:31,560 Speaker 2: I'm paying too much for my butter. What do you say? 155 00:08:32,960 --> 00:08:35,040 Speaker 7: Well, first, all right, there'll be a heap of dairy 156 00:08:35,080 --> 00:08:36,959 Speaker 7: farmers listening to your show this morning with a smile 157 00:08:37,000 --> 00:08:39,120 Speaker 7: and the faces just hearing it. You know, we're so 158 00:08:39,280 --> 00:08:43,040 Speaker 7: proud of our contribution to the economy and the wider 159 00:08:43,080 --> 00:08:47,240 Speaker 7: standing of the center of living that we help New 160 00:08:47,320 --> 00:08:51,360 Speaker 7: Zealand degenerate. Sorry, but look, yeah, there's there's a lot 161 00:08:51,400 --> 00:08:53,840 Speaker 7: going on in the space. You know. Definitely, milk prices 162 00:08:53,880 --> 00:08:56,640 Speaker 7: a rising the same way that everything else is rising 163 00:08:56,640 --> 00:08:59,560 Speaker 7: at the moment. But you know, dairy farmers aren't agreement. 164 00:08:59,679 --> 00:09:02,160 Speaker 7: We are doing a right at the moment, but our 165 00:09:02,200 --> 00:09:04,000 Speaker 7: costs have gone up so much over the last few 166 00:09:04,040 --> 00:09:06,640 Speaker 7: years that you know, in all reality, all we're doing 167 00:09:06,679 --> 00:09:08,280 Speaker 7: is making a reasonable margin at the moment. 168 00:09:08,440 --> 00:09:11,600 Speaker 2: Yeah, on farm inflation and just whacked you guys for sex, 169 00:09:11,640 --> 00:09:15,520 Speaker 2: didn't that? So does this how long do you? I mean, 170 00:09:15,760 --> 00:09:18,800 Speaker 2: I saw the ASB numbers for predictions for next season. 171 00:09:18,920 --> 00:09:21,480 Speaker 2: It's looking like it could be which starts shortly, could 172 00:09:21,480 --> 00:09:22,520 Speaker 2: be a good one. 173 00:09:22,400 --> 00:09:26,880 Speaker 7: Too, Yeah, definitely, you know, it's all indications are that 174 00:09:26,960 --> 00:09:28,520 Speaker 7: next season is going to be around the ten door 175 00:09:28,880 --> 00:09:30,199 Speaker 7: mark at the moment, but there's still a lot of 176 00:09:30,240 --> 00:09:33,640 Speaker 7: volatility out these internationally, so you never really know until 177 00:09:34,000 --> 00:09:36,000 Speaker 7: until you're told you've got it, you know, a year later. 178 00:09:36,800 --> 00:09:39,160 Speaker 7: But look, on farm costs are still sitting around the 179 00:09:39,200 --> 00:09:41,439 Speaker 7: eight dollar fifty markers, so you know, there's about a 180 00:09:41,480 --> 00:09:43,920 Speaker 7: dollar fifty margin for the average farmer at the moment. 181 00:09:43,960 --> 00:09:46,680 Speaker 7: So we're cidering, not cream it. But it is certainly 182 00:09:46,679 --> 00:09:48,079 Speaker 7: a good time for the dear industry. 183 00:09:48,240 --> 00:09:51,880 Speaker 2: How can it be cheaper to get butter from Australia? 184 00:09:51,960 --> 00:09:54,000 Speaker 2: You know, you see these stories of bakeries going to 185 00:09:54,000 --> 00:09:56,800 Speaker 2: Australia to get their butter rather than buying it from here. 186 00:09:57,960 --> 00:09:59,960 Speaker 7: Well, it's a good question. So you know, New Zealand 187 00:10:00,480 --> 00:10:04,880 Speaker 7: dairy products attracted premium because they are grass fed, their safe, 188 00:10:05,000 --> 00:10:08,000 Speaker 7: their nutritious, and they've also got the lowest greenhouse gas 189 00:10:08,040 --> 00:10:11,240 Speaker 7: emission footprint in the world, and so you know, international 190 00:10:11,240 --> 00:10:13,719 Speaker 7: customers are prepared to pay a premium for them, so 191 00:10:14,040 --> 00:10:18,560 Speaker 7: so often it is actually cheaper to import. I enjoy 192 00:10:18,679 --> 00:10:20,920 Speaker 7: saying this, but your farey Australian product. 193 00:10:21,240 --> 00:10:24,679 Speaker 2: Richard, Thank you, nice explanation. Richard McIntyre, dairy chairperson at 194 00:10:24,679 --> 00:10:28,000 Speaker 2: Fed Farmers, appreciate your time. Eighteen minutes after five, Shane 195 00:10:28,040 --> 00:10:30,520 Speaker 2: Jones calling a next on octopus and also is oil 196 00:10:30,559 --> 00:10:31,440 Speaker 2: and gas band. 197 00:10:32,320 --> 00:10:35,679 Speaker 1: Ryan Bridge on a barly edition with one roof make 198 00:10:35,760 --> 00:10:38,720 Speaker 1: your property search simple used talk zibby. 199 00:10:39,080 --> 00:10:41,800 Speaker 2: Shane Jones is keen to farm native octopus. At twenty 200 00:10:41,800 --> 00:10:44,480 Speaker 2: one after five. There's money to be made, he reckons 201 00:10:44,520 --> 00:10:48,400 Speaker 2: animal rights activist groups unsurprisingly matters how at Auckland University 202 00:10:48,400 --> 00:10:51,080 Speaker 2: for doing a million dollar tax payer funded study into 203 00:10:51,080 --> 00:10:54,360 Speaker 2: the farming of native octopus. The Oceans and Fisheries Minister 204 00:10:54,440 --> 00:10:58,280 Speaker 2: with me this morning. Shane, good morning, thanks, good to 205 00:10:58,280 --> 00:11:00,880 Speaker 2: have you on the phone. Now, can I just before 206 00:11:00,880 --> 00:11:03,520 Speaker 2: we get to the octopus, where's your oil and Gas band? 207 00:11:03,600 --> 00:11:04,440 Speaker 2: Reversal bill. 208 00:11:04,760 --> 00:11:08,440 Speaker 8: At as soon as we passed the various bits of 209 00:11:09,559 --> 00:11:14,840 Speaker 8: legislation detaining to the budget, it's next up. It's all drafted. 210 00:11:15,120 --> 00:11:15,480 Speaker 2: Okay. 211 00:11:15,520 --> 00:11:17,400 Speaker 8: There was a bit of a there. There were a 212 00:11:17,400 --> 00:11:19,560 Speaker 8: few things I had to correct because there was a 213 00:11:19,600 --> 00:11:23,400 Speaker 8: debate with the industry and myself over who and how 214 00:11:23,520 --> 00:11:27,400 Speaker 8: should the burden of paying for the tidy up after 215 00:11:28,000 --> 00:11:31,120 Speaker 8: an oil and gas enterprise finishes up. 216 00:11:31,200 --> 00:11:36,400 Speaker 2: The decommission got through sensible place. Okay. Interesting, so you've 217 00:11:36,440 --> 00:11:38,960 Speaker 2: got you've done your deals, you've got the bill ready 218 00:11:39,000 --> 00:11:41,240 Speaker 2: to go, and it'll happen after the budget because it 219 00:11:41,280 --> 00:11:42,559 Speaker 2: was meant to happen by the end the end of 220 00:11:42,679 --> 00:11:44,840 Speaker 2: last year. Right, So you finally got it across the line. 221 00:11:44,840 --> 00:11:45,439 Speaker 2: That's good tonight. 222 00:11:46,320 --> 00:11:49,200 Speaker 8: Yeah. Well, basically what happened is the guys from the 223 00:11:49,200 --> 00:11:55,640 Speaker 8: industry felt that we had taken an approach which actually 224 00:11:55,679 --> 00:11:59,360 Speaker 8: disincentivized them spending more money. I took an approach to 225 00:11:59,400 --> 00:12:02,480 Speaker 8: protect the in your base of the country, worked it 226 00:12:02,520 --> 00:12:06,679 Speaker 8: through with one of two of the key senior ministers, 227 00:12:06,679 --> 00:12:08,560 Speaker 8: and look, it's drafted and ready to go. 228 00:12:09,880 --> 00:12:12,280 Speaker 2: What have you done to allay their fears? 229 00:12:13,559 --> 00:12:17,960 Speaker 8: Well, we need to ensure that when decommissioning takes place. 230 00:12:18,840 --> 00:12:21,680 Speaker 8: That it's done not at the level of the taj Mahal, 231 00:12:22,440 --> 00:12:26,880 Speaker 8: but it's comparable with international best practice. But at the 232 00:12:26,920 --> 00:12:29,880 Speaker 8: same time, if it comes to pass that some of 233 00:12:29,920 --> 00:12:35,199 Speaker 8: the infrastructure has to stay in place, providing that we've 234 00:12:35,280 --> 00:12:39,680 Speaker 8: closed off the possibility of spillage of any residual oil 235 00:12:39,760 --> 00:12:45,160 Speaker 8: and whatnot. And without sounding too trick, common sense rule 236 00:12:45,200 --> 00:12:45,640 Speaker 8: the roost. 237 00:12:46,000 --> 00:12:48,280 Speaker 2: So what you could leave some platforms out there? 238 00:12:48,840 --> 00:12:51,040 Speaker 8: No, no, no, no. In other countries around the world, 239 00:12:51,040 --> 00:12:54,800 Speaker 8: obviously the platforms disappear. Other countries are exploring were not 240 00:12:54,880 --> 00:12:59,839 Speaker 8: those cavernoists areas under the seabed, as they're large enough 241 00:13:00,240 --> 00:13:05,720 Speaker 8: that can be used in terms of climate change areas 242 00:13:06,160 --> 00:13:07,280 Speaker 8: carbon and stuff like that. 243 00:13:07,320 --> 00:13:09,319 Speaker 2: But give us and give us a sense, what would 244 00:13:09,320 --> 00:13:11,160 Speaker 2: you let stay on the seabed. 245 00:13:12,080 --> 00:13:14,760 Speaker 8: Oh look, when we spent the three or four hundred million, 246 00:13:14,800 --> 00:13:18,840 Speaker 8: I can't exactly. There's a crowd called Tamar and they're 247 00:13:18,840 --> 00:13:21,240 Speaker 8: the ones who created the problem three or four years ago. 248 00:13:21,559 --> 00:13:24,280 Speaker 8: The crown ended up absorbing the costs because they fled 249 00:13:24,400 --> 00:13:29,840 Speaker 8: like butter and Kelnie Hobson, and we took an approach 250 00:13:29,880 --> 00:13:33,560 Speaker 8: at every single thing had to be taken from the 251 00:13:33,559 --> 00:13:41,920 Speaker 8: bed of the sea, the foundations, any residual pipework, and 252 00:13:42,000 --> 00:13:47,720 Speaker 8: we've left an opportunity for a future minister and the 253 00:13:47,760 --> 00:13:51,480 Speaker 8: owners of the assets to meet a high threshold. At 254 00:13:51,520 --> 00:13:53,720 Speaker 8: the same time we can make a judgment. 255 00:13:54,160 --> 00:13:57,000 Speaker 2: So you could leave at the point which you could 256 00:13:57,080 --> 00:13:59,360 Speaker 2: leave the foundations and the pipes on the ground. Well, 257 00:13:59,360 --> 00:14:02,240 Speaker 2: that's what they do another party, all right, Well, you 258 00:14:02,280 --> 00:14:04,360 Speaker 2: know what the Greenies will say about that. They won't 259 00:14:04,360 --> 00:14:05,280 Speaker 2: be happy, Shane. 260 00:14:06,080 --> 00:14:08,439 Speaker 8: Yeah, I do tend to trigger them, but the fact 261 00:14:08,480 --> 00:14:12,120 Speaker 8: of the matter is if we are unable to continually 262 00:14:12,480 --> 00:14:15,400 Speaker 8: rather generate an economic surplus in New Zealand, we're not 263 00:14:15,440 --> 00:14:19,880 Speaker 8: going to be able to afford the cost of their rhetoric. Anyway, 264 00:14:19,920 --> 00:14:22,520 Speaker 8: I'm taking them on next week. They're having a protest down. 265 00:14:23,320 --> 00:14:28,880 Speaker 2: And what about the lowering of the royalties to incentivize 266 00:14:29,480 --> 00:14:33,040 Speaker 2: foreign companies, foreign investors. You ruled that out. 267 00:14:34,360 --> 00:14:38,680 Speaker 8: No, what I'd say is just play attention during the 268 00:14:38,680 --> 00:14:42,480 Speaker 8: course of the day, That's all i'd say. 269 00:14:43,080 --> 00:14:45,600 Speaker 2: So come on, Shane, look at five twenty five in 270 00:14:45,640 --> 00:14:47,080 Speaker 2: the morning, no one's listening. 271 00:14:47,640 --> 00:14:51,880 Speaker 9: Let me know, Hey, buddy, don't deprecate yourself. 272 00:14:51,920 --> 00:14:54,800 Speaker 2: No, I'm just kidding, But seriously. That is that is 273 00:14:54,840 --> 00:14:57,640 Speaker 2: an active issue potentially lowering royalties. 274 00:14:58,400 --> 00:15:01,200 Speaker 8: Well, no, what I'd say is that what's active is 275 00:15:01,240 --> 00:15:05,600 Speaker 8: that if we're who half, we're not happy about using 276 00:15:05,640 --> 00:15:09,640 Speaker 8: mountains of coal, then we've got to do things that 277 00:15:10,000 --> 00:15:14,000 Speaker 8: stir a greater level of interest and boost the risk 278 00:15:14,200 --> 00:15:17,280 Speaker 8: taking appetite for the gas industry and just stitches ti 279 00:15:17,360 --> 00:15:18,600 Speaker 8: ho during the course of the day. 280 00:15:18,680 --> 00:15:22,160 Speaker 2: Okay, I haven't asked you about octopus. Does it taste nice? 281 00:15:23,960 --> 00:15:30,600 Speaker 8: Yeah, it's called feki mutu. Dungy was an octopus pursuer. 282 00:15:30,640 --> 00:15:35,560 Speaker 8: But what I was really hoping to check to you about. Sorry, Yeah, 283 00:15:35,640 --> 00:15:39,440 Speaker 8: well you're right, it is nice. I had an auntie 284 00:15:39,480 --> 00:15:41,400 Speaker 8: who used to sort of and if you go up 285 00:15:41,400 --> 00:15:43,000 Speaker 8: the islands and I had an auntie. When you've got it, 286 00:15:43,040 --> 00:15:45,640 Speaker 8: you've belted it and then you sort of softened it up. 287 00:15:45,680 --> 00:15:49,120 Speaker 2: But all, hey, minister, I've just been told that I've 288 00:15:49,120 --> 00:15:50,720 Speaker 2: actually spoken to you for far too long, so we 289 00:15:50,800 --> 00:15:52,360 Speaker 2: have to leave it there. I'm afraid, but I do 290 00:15:52,400 --> 00:15:55,120 Speaker 2: appreciate you coming on the program. Shane Jones, the Ocean 291 00:15:55,160 --> 00:15:58,040 Speaker 2: and Fisheries Minister. It is twenty six after five the. 292 00:15:58,120 --> 00:16:02,440 Speaker 1: Early edition full the Show podcast on iHeartRadio powered by. 293 00:16:02,280 --> 00:16:05,720 Speaker 2: News Talks AB News TALKSB. It is twenty eight minutes 294 00:16:05,760 --> 00:16:08,120 Speaker 2: after five. So you go drilling for oil in New Zealand, 295 00:16:08,160 --> 00:16:12,840 Speaker 2: exploring for oil in New Zealand which is currently banned offshore. 296 00:16:13,600 --> 00:16:16,120 Speaker 2: Thank you to the previous labor government. But we just 297 00:16:16,160 --> 00:16:18,320 Speaker 2: heard from Shane Jones, had him on the program talk 298 00:16:18,360 --> 00:16:21,920 Speaker 2: about octopus, which we didn't do. He said, the bill 299 00:16:22,080 --> 00:16:24,960 Speaker 2: which we've been waiting for, meant to be passed by 300 00:16:24,960 --> 00:16:27,840 Speaker 2: the end of last year. He is going to introduce 301 00:16:27,960 --> 00:16:32,080 Speaker 2: that after the budget, told us this morning, and to 302 00:16:32,160 --> 00:16:35,800 Speaker 2: appease the industry. He's going to allow them to potentially 303 00:16:35,920 --> 00:16:41,560 Speaker 2: leave the foundations of your platforms, the foundations on the 304 00:16:41,600 --> 00:16:45,600 Speaker 2: seabed and the pipes too, so you can imagine how 305 00:16:45,640 --> 00:16:49,440 Speaker 2: that's going to go down with Chloe Swawbrook today. He 306 00:16:49,480 --> 00:16:52,160 Speaker 2: also said, because there was some rumors floating around that 307 00:16:52,200 --> 00:16:56,680 Speaker 2: he might lower the royalties on oil and gas to 308 00:16:56,760 --> 00:17:00,480 Speaker 2: incentivize players to come into New Zealand, he'd watch this 309 00:17:00,600 --> 00:17:03,280 Speaker 2: space and it's budget day of course, so who knows 310 00:17:03,280 --> 00:17:06,479 Speaker 2: what could happen. We will be watching that space, minister. 311 00:17:06,560 --> 00:17:09,640 Speaker 2: Thank you. We got this new Reserve Bank report coming 312 00:17:09,720 --> 00:17:13,280 Speaker 2: your way next plus Mitch McCann is stateside on News 313 00:17:13,280 --> 00:17:13,800 Speaker 2: Talk SIBB. 314 00:17:33,280 --> 00:17:35,800 Speaker 1: The news you need this morning and the in depth 315 00:17:35,800 --> 00:17:39,880 Speaker 1: analysis Early edition with Ryan Bridge and one roof Make 316 00:17:39,960 --> 00:17:44,200 Speaker 1: your Property Search Simple News Talk SIBB. 317 00:17:53,800 --> 00:17:56,160 Speaker 2: New's talking to be twenty four minutes away from six. 318 00:17:56,320 --> 00:17:58,800 Speaker 2: It is budget Day. We'll get to Craig Wrennie from 319 00:17:58,800 --> 00:18:02,200 Speaker 2: the Lay Party Council the CTU, along with Simon Bridges, 320 00:18:02,400 --> 00:18:05,680 Speaker 2: former Associates Finance Minister just before six o'clock. Right now. 321 00:18:05,720 --> 00:18:08,960 Speaker 2: Providing I make it to sixty five, and you don't 322 00:18:08,960 --> 00:18:11,000 Speaker 2: want to count your blessings, do you, But providing I 323 00:18:11,040 --> 00:18:14,080 Speaker 2: make it there, assuming for a second that I do, 324 00:18:14,200 --> 00:18:16,600 Speaker 2: I don't expect that I'll be receiving the full pension. 325 00:18:17,400 --> 00:18:21,440 Speaker 2: And you know what, I would rather receive less at 326 00:18:21,440 --> 00:18:25,400 Speaker 2: a later age than pay more taxes through my working life. 327 00:18:26,080 --> 00:18:28,480 Speaker 2: Guess what the number of people over sixty five was 328 00:18:28,520 --> 00:18:31,520 Speaker 2: in this country in two thousand and six, four hundred 329 00:18:31,520 --> 00:18:34,680 Speaker 2: and ninety five thousand, about half a million. It's increasing 330 00:18:34,720 --> 00:18:38,840 Speaker 2: by eighty a day. It will reach one million by 331 00:18:38,920 --> 00:18:41,080 Speaker 2: twenty twenty eight. In a couple of years, by twenty 332 00:18:41,160 --> 00:18:43,600 Speaker 2: fifty one and a half million. You can see where 333 00:18:43,640 --> 00:18:46,480 Speaker 2: this is going compared to the OECD. We have the 334 00:18:46,640 --> 00:18:51,879 Speaker 2: highest basic pension paid from general taxes in the OECD, 335 00:18:52,400 --> 00:18:54,320 Speaker 2: and of course we've got fewer young people working to 336 00:18:54,359 --> 00:18:57,280 Speaker 2: support it. Treasury sees this will blow out. We will 337 00:18:57,280 --> 00:19:02,199 Speaker 2: need to increase taxes personally. No oh, thanks, with another 338 00:19:02,359 --> 00:19:04,720 Speaker 2: about thirty years on the clock before I get to 339 00:19:04,720 --> 00:19:08,680 Speaker 2: this magical age. How much extra tax must I pay? 340 00:19:08,960 --> 00:19:12,080 Speaker 2: Which color government will be in charge when the inevitable happens? 341 00:19:12,440 --> 00:19:15,399 Speaker 2: Why can't I instead invest my own money, with the 342 00:19:15,440 --> 00:19:18,760 Speaker 2: help of compounding returns, hopefully set myself up for my 343 00:19:18,920 --> 00:19:22,240 Speaker 2: own retirement. Like most kiwis, I hope and again you 344 00:19:22,280 --> 00:19:25,440 Speaker 2: don't count your blessings. I hope I will have invested 345 00:19:25,440 --> 00:19:29,400 Speaker 2: wisely and saved adequately to feed and house myself. If 346 00:19:29,400 --> 00:19:33,000 Speaker 2: that changes, then a means tested system should always be 347 00:19:33,040 --> 00:19:36,560 Speaker 2: a safety net. But at some point we have to 348 00:19:36,600 --> 00:19:41,520 Speaker 2: move on from think big on NZ super to something smaller. 349 00:19:42,359 --> 00:19:46,400 Speaker 2: We need to put this thing on a diet twenty 350 00:19:46,400 --> 00:19:48,840 Speaker 2: two minutes away from Sex now, Calum Procter and de 351 00:19:48,880 --> 00:19:51,879 Speaker 2: need for us this morning, Calum and oil spill drill 352 00:19:52,400 --> 00:19:54,600 Speaker 2: is being rehearsed in Dunedin today. 353 00:19:55,760 --> 00:19:58,239 Speaker 6: Yeah morning, Ryan, the attag original council here along with 354 00:19:58,320 --> 00:20:03,120 Speaker 6: port Otago combined to conduct this exercise to ensure. 355 00:20:02,800 --> 00:20:05,000 Speaker 2: The oil spill responses up to scratch. 356 00:20:05,760 --> 00:20:08,760 Speaker 6: It'll be a six hour long exercise today covering the 357 00:20:08,800 --> 00:20:13,400 Speaker 6: deployment and launch of containment equipment, rehearsing, cooperation between port 358 00:20:13,440 --> 00:20:18,600 Speaker 6: Otago oil transfer site holders and also council staff. Up 359 00:20:18,640 --> 00:20:20,480 Speaker 6: to thirty staff will be involved in this and port 360 00:20:20,520 --> 00:20:24,320 Speaker 6: Otago Vessel new Era will be the fictitious source of 361 00:20:24,400 --> 00:20:27,280 Speaker 6: the oil leak. The council says they'll be testing their 362 00:20:27,280 --> 00:20:30,639 Speaker 6: capabilities of skimming oil from both shore and seasides of 363 00:20:30,720 --> 00:20:32,240 Speaker 6: the harbor today. 364 00:20:32,680 --> 00:20:33,240 Speaker 2: How's your weather. 365 00:20:34,840 --> 00:20:37,920 Speaker 6: It's fine today, high cloud increasing later westerlies and seventeen 366 00:20:37,960 --> 00:20:38,720 Speaker 6: the high nice one. 367 00:20:38,760 --> 00:20:41,320 Speaker 2: Thank you, calem and Courtneys and crash Roots this morning, Courtney, 368 00:20:41,320 --> 00:20:43,720 Speaker 2: good morning, good morning. Now what's going on with this 369 00:20:43,760 --> 00:20:44,560 Speaker 2: bus in Selwyn? 370 00:20:45,280 --> 00:20:45,600 Speaker 10: Yes? 371 00:20:45,720 --> 00:20:49,160 Speaker 11: So as basically back to the drawing board on proposed 372 00:20:49,200 --> 00:20:52,080 Speaker 11: bus services for the Salwyn district. This comes as the 373 00:20:52,160 --> 00:20:56,320 Speaker 11: environment Environment Canterbury is struggling with growing demand and limited funds. 374 00:20:56,760 --> 00:21:00,520 Speaker 11: Local democracy reportings. His residents expressed a knee for more 375 00:21:00,520 --> 00:21:05,120 Speaker 11: public transport and housing growth areas. Eakend's annual plan proposed 376 00:21:05,240 --> 00:21:08,600 Speaker 11: moving to a two or three zone fare structure, with 377 00:21:08,720 --> 00:21:12,359 Speaker 11: wymuccary bus users paying three dollars to travel within the 378 00:21:12,400 --> 00:21:16,199 Speaker 11: district and four dollars to travel into christ Church. The 379 00:21:16,320 --> 00:21:20,680 Speaker 11: third zone, if adopted, would apply in Selwyn, but submissions 380 00:21:20,720 --> 00:21:23,560 Speaker 11: on the third zone indicate residents don't want to pay 381 00:21:23,640 --> 00:21:27,160 Speaker 11: the proposed targeted rate, so Chair Craig Pauling says they 382 00:21:27,200 --> 00:21:28,480 Speaker 11: need to look at other options. 383 00:21:29,200 --> 00:21:30,160 Speaker 2: All right, how's your weather? 384 00:21:30,920 --> 00:21:35,359 Speaker 11: Fine morning, fog or frost like northwesterlyes developing this afternoon 385 00:21:35,560 --> 00:21:36,840 Speaker 11: are high of fifteen. 386 00:21:36,920 --> 00:21:38,800 Speaker 2: Good on you Courtney, Thank you, MAXI is willing to Max. 387 00:21:38,840 --> 00:21:41,440 Speaker 2: Good morning, Good morning, a big council meeting. This is 388 00:21:41,440 --> 00:21:42,760 Speaker 2: a long term plan today. 389 00:21:42,800 --> 00:21:45,000 Speaker 12: Yeah exactly, Not that anyone will care with the budgets 390 00:21:45,359 --> 00:21:48,000 Speaker 12: being released this afternoon, but councilors are looking at rates, 391 00:21:48,000 --> 00:21:51,720 Speaker 12: for instance, down to about twelve percent the rise. It's 392 00:21:51,760 --> 00:21:55,520 Speaker 12: better than it was, still bad. The Council's recommending slowing 393 00:21:55,560 --> 00:21:57,679 Speaker 12: down the cycle away roll out, pushing ahead with this 394 00:21:58,000 --> 00:22:01,480 Speaker 12: joint regional water entity in lieu of the disastrous Wellington 395 00:22:01,520 --> 00:22:05,879 Speaker 12: water hiking. Commercial accommodation rates i e. Making Running an 396 00:22:05,880 --> 00:22:09,000 Speaker 12: airbnb far more expensive but I suppose you want hotels 397 00:22:09,040 --> 00:22:11,679 Speaker 12: to invest. Most interestingly, in the past week or so 398 00:22:11,760 --> 00:22:15,879 Speaker 12: you've had until now with this cost crunch that's happening 399 00:22:15,920 --> 00:22:17,679 Speaker 12: in the capital. The council's saying we've got to get 400 00:22:17,720 --> 00:22:21,840 Speaker 12: rid us some community projects, which has included Candala Pool. 401 00:22:21,880 --> 00:22:24,160 Speaker 12: We just can't afford it. It needs some money to fix. 402 00:22:24,920 --> 00:22:27,640 Speaker 12: Andrew Little I came out and said he would save 403 00:22:27,720 --> 00:22:30,400 Speaker 12: the pool where he elected mayor. So then a few 404 00:22:30,440 --> 00:22:33,439 Speaker 12: days later you had toy Fano, the outgoing mayor, saying 405 00:22:33,960 --> 00:22:37,359 Speaker 12: she was now committed to saving the pool. Got the 406 00:22:37,440 --> 00:22:40,159 Speaker 12: jump on Little. The system works. The whole thing was 407 00:22:40,160 --> 00:22:42,560 Speaker 12: supposed to be sorted out last year, of course before 408 00:22:42,600 --> 00:22:45,600 Speaker 12: this airport shares sale debacle. 409 00:22:45,800 --> 00:22:48,640 Speaker 2: Goodness, you keep the pool, you keep the Pagonia house. 410 00:22:48,640 --> 00:22:52,520 Speaker 12: That's all long with the mex mostly fine fifteen the 411 00:22:52,600 --> 00:22:53,480 Speaker 12: high Central. 412 00:22:53,240 --> 00:22:55,680 Speaker 2: Fine for a budget. I thank you, Eniabas and Auklaneva. 413 00:22:55,720 --> 00:22:58,639 Speaker 2: Good morning reading, I said about Smith and not surprising 414 00:22:58,680 --> 00:23:00,600 Speaker 2: because we know that there's been some proper But the 415 00:23:01,080 --> 00:23:02,440 Speaker 2: Central Auckland. 416 00:23:02,119 --> 00:23:04,760 Speaker 10: Store yes now end of an era. So this one 417 00:23:04,840 --> 00:23:08,480 Speaker 10: hundred and forty five year old business announced yesterday closing 418 00:23:08,520 --> 00:23:10,560 Speaker 10: its doors with a final time now this is going 419 00:23:10,600 --> 00:23:14,119 Speaker 10: to happen before August, a loss of about one hundred jobs. 420 00:23:14,920 --> 00:23:18,040 Speaker 10: Now Smith and Coey's citing absolutely we all know this 421 00:23:18,119 --> 00:23:21,760 Speaker 10: reduction and foot traffic, the city center disruptions as reasons 422 00:23:21,760 --> 00:23:25,000 Speaker 10: for poor performance. Anne Marie Johnson, now she's the retail 423 00:23:25,040 --> 00:23:27,879 Speaker 10: insied spokesperson. She says, look, this is a familiar story 424 00:23:28,000 --> 00:23:32,159 Speaker 10: many businesses in areas with this ongoing roading issue. But 425 00:23:32,280 --> 00:23:35,040 Speaker 10: she says, you know, obviously, combined with the tough economic time, 426 00:23:35,080 --> 00:23:37,680 Speaker 10: simply too hard for some of these companies to continue. 427 00:23:37,720 --> 00:23:39,600 Speaker 10: And if you can't get there, you know, I mean, 428 00:23:39,760 --> 00:23:40,880 Speaker 10: customers are just not going to. 429 00:23:40,840 --> 00:23:41,359 Speaker 1: Go there around. 430 00:23:42,000 --> 00:23:43,840 Speaker 2: How's say you weather today right. 431 00:23:43,760 --> 00:23:47,320 Speaker 10: Well, early fog or frost's for Auckland becoming partly cloudy. 432 00:23:47,359 --> 00:23:48,439 Speaker 10: Seventeen is the high. 433 00:23:48,440 --> 00:23:51,160 Speaker 2: Brilliant, thank you never. It is eighteen minutes away from 434 00:23:51,160 --> 00:23:53,119 Speaker 2: six News talks here b we'll get to Craig Rennie 435 00:23:53,200 --> 00:23:57,440 Speaker 2: and to Simon Bridges just before six o'clock and Mitch 436 00:23:57,520 --> 00:23:58,840 Speaker 2: McCann in the States. 437 00:23:58,520 --> 00:24:03,320 Speaker 1: Next national correspondence with ends and Eye Insurance Peace of 438 00:24:03,400 --> 00:24:05,959 Speaker 1: Mind for New Zealand Business Quarter six. 439 00:24:06,000 --> 00:24:08,000 Speaker 2: Two books did big Craig Winni and Simon Bridges on 440 00:24:08,040 --> 00:24:10,359 Speaker 2: the budget next to Mitch mccannon state side for us. 441 00:24:10,440 --> 00:24:12,920 Speaker 2: Much good to have you back, Ryan, How are you 442 00:24:13,080 --> 00:24:14,960 Speaker 2: very well now? Lots to talk to you about this morning. 443 00:24:15,000 --> 00:24:18,840 Speaker 2: So we've on Gaza Netnya, who's just spoken. He says, basically, 444 00:24:19,359 --> 00:24:22,320 Speaker 2: the war will continue until all parts of Gaza are 445 00:24:22,400 --> 00:24:25,119 Speaker 2: under Israeli control. Trump's been speaking this morning, Has he 446 00:24:25,160 --> 00:24:28,000 Speaker 2: said anything about it? Not that I've seen. 447 00:24:28,000 --> 00:24:30,640 Speaker 13: Donald Trump has actually been with the South African President 448 00:24:30,840 --> 00:24:33,240 Speaker 13: Cyril Ramaposa in the last couple of hours. But we 449 00:24:33,280 --> 00:24:36,920 Speaker 13: saw Tom Fletcher from the United Nations say yesterday that 450 00:24:36,960 --> 00:24:39,960 Speaker 13: if the AID doesn't get into Gaza, this blockade doesn't 451 00:24:39,960 --> 00:24:42,639 Speaker 13: reach Gaza in the next forty eight hours, up to 452 00:24:42,760 --> 00:24:46,840 Speaker 13: fourteen thousand babies will die. That shows the seriousness of 453 00:24:46,880 --> 00:24:50,400 Speaker 13: the situation. But as you say, Benjamin Etna, who's sort 454 00:24:50,400 --> 00:24:52,920 Speaker 13: of full steamerhead, he says, it's still a security issue 455 00:24:52,920 --> 00:24:56,640 Speaker 13: for Israel, despite many members on the international community now 456 00:24:56,680 --> 00:24:58,400 Speaker 13: telling him that he needs to pull back. 457 00:24:59,040 --> 00:25:02,000 Speaker 2: Now White's South af Frican farmers are being massacred. That's 458 00:25:02,040 --> 00:25:07,280 Speaker 2: according to Trump, and he's confronted Ramaposa in the Oval office. Yeah, 459 00:25:07,280 --> 00:25:10,000 Speaker 2: this was a dramatic moment and the last hour, donald 460 00:25:10,000 --> 00:25:12,920 Speaker 2: Trump met Cyril Ramaposa. The background, of course to this 461 00:25:13,119 --> 00:25:15,600 Speaker 2: is that Donald Trump has suggested that white farmers in 462 00:25:15,720 --> 00:25:17,960 Speaker 2: South Africa are being massacred. 463 00:25:18,000 --> 00:25:21,080 Speaker 13: He's used the word genocide, and he's even started welcoming 464 00:25:21,119 --> 00:25:25,240 Speaker 13: white farmers as refugees to the US. Now, in this meeting, 465 00:25:25,320 --> 00:25:27,840 Speaker 13: Donald Trump asked his aides to dim the lights in 466 00:25:27,880 --> 00:25:30,720 Speaker 13: the Oval office and started playing this video on a 467 00:25:30,800 --> 00:25:34,159 Speaker 13: television that showed clips to back up his claims. And 468 00:25:34,200 --> 00:25:37,439 Speaker 13: then he started bringing out newspaper clippings reporting deaths and 469 00:25:37,520 --> 00:25:42,600 Speaker 13: started reading their headlines or civil Ramaposa sat next to him. 470 00:25:42,840 --> 00:25:45,120 Speaker 13: He said, you're taking people's land away, and in many 471 00:25:45,160 --> 00:25:48,480 Speaker 13: cases those people are being executed. It was a very 472 00:25:48,520 --> 00:25:52,000 Speaker 13: awkward moment. It threatened to turn into a Zelenski type 473 00:25:52,000 --> 00:25:56,159 Speaker 13: meeting in the Oval Office, but Ramaposa remained cool. He 474 00:25:56,240 --> 00:25:58,920 Speaker 13: tried to steer Donald Trump in a different direction. Although 475 00:25:58,920 --> 00:26:02,320 Speaker 13: it was extremely awkward this meeting, and I don't think 476 00:26:02,359 --> 00:26:04,800 Speaker 13: he expected to be ambushed in the way that he was. 477 00:26:05,960 --> 00:26:08,320 Speaker 2: The plane from Kuta. We got an update on that. 478 00:26:09,240 --> 00:26:10,680 Speaker 2: We do in the last couple of hours. 479 00:26:10,680 --> 00:26:14,240 Speaker 13: It's been reported that the US has formally accepted that 480 00:26:14,359 --> 00:26:18,000 Speaker 13: four hundred million dollar jets and interesting to note that 481 00:26:18,040 --> 00:26:20,199 Speaker 13: came up in the meeting with Ramaposa as well. He 482 00:26:20,240 --> 00:26:22,600 Speaker 13: said to Donald Trump, I'm sorry that I don't have 483 00:26:22,680 --> 00:26:25,560 Speaker 13: a jet to give you, and Donald Trump replied, well, 484 00:26:25,560 --> 00:26:27,000 Speaker 13: if you did, I would accept it. 485 00:26:29,080 --> 00:26:32,080 Speaker 2: Goodness me, what a rollercoaster. Thank you merch much. McCann 486 00:26:32,240 --> 00:26:34,680 Speaker 2: a stateside for US this morning. It's thirteen minutes away 487 00:26:34,680 --> 00:26:37,959 Speaker 2: from Sex. Ryan by it his budget day. It's no 488 00:26:38,160 --> 00:26:41,160 Speaker 2: BS debate time. We are going to go to Craig 489 00:26:41,200 --> 00:26:44,320 Speaker 2: Renny councilor Trade Union's director of Policy Economists, also on 490 00:26:44,440 --> 00:26:48,200 Speaker 2: Labour's Policy Council, and Simon Bridges, former Associate Finance Minister 491 00:26:48,320 --> 00:26:51,960 Speaker 2: or Business Chamber of CEO. Good morning, gentlemen, good morning, 492 00:26:52,280 --> 00:26:54,840 Speaker 2: Good to have you on. Have we got Craig. Oh 493 00:26:54,840 --> 00:26:56,679 Speaker 2: we haven't got Craig. He's really slept in. 494 00:26:57,640 --> 00:26:59,679 Speaker 9: Well that makes it, That makes it really easy, right. 495 00:26:59,800 --> 00:27:03,000 Speaker 2: Yeah, it's a pretty one sided argument. Hey, this talks 496 00:27:03,000 --> 00:27:05,359 Speaker 2: super First of all, do you think we need to 497 00:27:05,400 --> 00:27:07,240 Speaker 2: increase the age? Do we need to means test? It 498 00:27:07,240 --> 00:27:09,040 Speaker 2: sounds like Nichola Willis is going to at least lay 499 00:27:09,040 --> 00:27:10,479 Speaker 2: out a path maybe today. 500 00:27:11,440 --> 00:27:13,440 Speaker 9: Yeah, I think I think those changes are good. I mean, 501 00:27:13,480 --> 00:27:16,840 Speaker 9: I think you know, what you're seeing is Nichola Willison 502 00:27:16,840 --> 00:27:19,439 Speaker 9: wr colleagues being very focused on the long term. I 503 00:27:19,480 --> 00:27:21,440 Speaker 9: mean what I would say, though, if that's all they do, 504 00:27:21,840 --> 00:27:23,440 Speaker 9: you know, infect at one level and a short term 505 00:27:23,440 --> 00:27:25,960 Speaker 9: you know, you're sucking more money depending on how they 506 00:27:26,000 --> 00:27:28,639 Speaker 9: structure it out of the economy when actually we need 507 00:27:28,680 --> 00:27:30,680 Speaker 9: to see things that are that are getting the growth 508 00:27:30,720 --> 00:27:33,800 Speaker 9: going right now. But look, if that's done, I mean, 509 00:27:33,800 --> 00:27:35,359 Speaker 9: I think most of you would say, yes, these are 510 00:27:35,400 --> 00:27:37,000 Speaker 9: sensible long term changes. 511 00:27:37,280 --> 00:27:39,280 Speaker 2: Is do you think she's doing this and having this 512 00:27:39,320 --> 00:27:42,080 Speaker 2: conversation now because we'll won the elections next year, but 513 00:27:42,480 --> 00:27:44,439 Speaker 2: because there is so there is going to be so 514 00:27:44,520 --> 00:27:47,600 Speaker 2: little in the budget that this could be a better 515 00:27:47,680 --> 00:27:48,320 Speaker 2: talking point. 516 00:27:49,240 --> 00:27:51,840 Speaker 9: Yeah. I think you know, you'd say at a high level, 517 00:27:51,880 --> 00:27:54,000 Speaker 9: what we're seeing from from here as a couple of things, 518 00:27:54,040 --> 00:27:56,359 Speaker 9: which which are both right. Yeah. I mean, one is 519 00:27:56,400 --> 00:27:59,240 Speaker 9: this a significant fiscal restraint push after you know we 520 00:27:59,680 --> 00:28:01,920 Speaker 9: over it, right and so that is a that is 521 00:28:01,960 --> 00:28:03,720 Speaker 9: a good That is a good thing. I think the 522 00:28:03,760 --> 00:28:05,960 Speaker 9: other one is some focus on the long term infrastructure 523 00:28:05,960 --> 00:28:08,920 Speaker 9: and so on. I mean, I would just simply say, though, look, 524 00:28:08,960 --> 00:28:11,119 Speaker 9: it's really tough out there. The Smith and Kobe's story 525 00:28:11,119 --> 00:28:13,720 Speaker 9: of the last day, it could be replicated many times, 526 00:28:13,800 --> 00:28:16,600 Speaker 9: and business is holding on for years. So I agree 527 00:28:16,640 --> 00:28:19,119 Speaker 9: with all of that. But if that's alone what they're doing, 528 00:28:19,200 --> 00:28:22,480 Speaker 9: that's not an adequate that's not a sufficient response to 529 00:28:22,520 --> 00:28:25,080 Speaker 9: where New Zealand's at. It's simply by itself going to 530 00:28:25,080 --> 00:28:27,760 Speaker 9: prolong the cycle we're in. I think what you know 531 00:28:27,800 --> 00:28:30,600 Speaker 9: I'll be looking for, actually, possibly, Craig Rennie, I think 532 00:28:30,600 --> 00:28:33,960 Speaker 9: what business will be looking for is really strong clear 533 00:28:34,040 --> 00:28:36,640 Speaker 9: evidence of the going for growth agenda that provides light 534 00:28:36,680 --> 00:28:38,440 Speaker 9: at the end of the time. Now that's the accelerated 535 00:28:38,480 --> 00:28:41,720 Speaker 9: depreciation stuff we've heard the rumors of. Actually that could 536 00:28:41,760 --> 00:28:44,120 Speaker 9: be if it was done well, a really big tick 537 00:28:44,240 --> 00:28:45,040 Speaker 9: for this business. 538 00:28:45,480 --> 00:28:46,080 Speaker 8: This budget. 539 00:28:46,520 --> 00:28:49,040 Speaker 9: If it's just auscurity and not not so much. 540 00:28:49,080 --> 00:28:50,520 Speaker 2: Yeah, I just want to get on the record. I 541 00:28:50,560 --> 00:28:53,080 Speaker 2: was the first to bring raise that accelerated appreciation with 542 00:28:53,160 --> 00:28:56,320 Speaker 2: the Minister and the key we saver changes too. But 543 00:28:56,440 --> 00:28:59,520 Speaker 2: if it could be, because this budget could be because 544 00:28:59,520 --> 00:29:01,959 Speaker 2: of you, Ro it's actually the bridge budget. If it 545 00:29:02,000 --> 00:29:04,440 Speaker 2: doesn't happen, of course, then just forget over see that. 546 00:29:06,000 --> 00:29:08,800 Speaker 9: It could have been the Bridge's budget. But things changed anyway. 547 00:29:09,680 --> 00:29:13,240 Speaker 2: Hey, what about the key we saver staff. If it 548 00:29:13,320 --> 00:29:16,600 Speaker 2: is true that they're going to increase the contribution for employee, 549 00:29:16,600 --> 00:29:19,240 Speaker 2: can employees afford an extra one to two percent? 550 00:29:20,080 --> 00:29:22,160 Speaker 9: Well, I suppose that's my point. It's a short term, 551 00:29:22,280 --> 00:29:26,040 Speaker 9: long term game. You earn the short term. My worry 552 00:29:26,120 --> 00:29:29,280 Speaker 9: would be, you know, actually, right now, they've got to 553 00:29:29,280 --> 00:29:32,480 Speaker 9: find things that are if you like countercite picle, that 554 00:29:32,840 --> 00:29:34,840 Speaker 9: are getting things going. You know, there's a lot of 555 00:29:34,880 --> 00:29:37,320 Speaker 9: talk about the long term, but the short term really 556 00:29:37,400 --> 00:29:39,160 Speaker 9: matters to you wrote I thought a cracker of a 557 00:29:39,160 --> 00:29:40,840 Speaker 9: column in the weekend. I'm not just saying that to 558 00:29:40,880 --> 00:29:43,080 Speaker 9: make you feel good. We've got some of the highest 559 00:29:43,840 --> 00:29:47,320 Speaker 9: immigration we've ever seen in lowest immigration, right, that's a 560 00:29:47,400 --> 00:29:50,840 Speaker 9: key indicator about economic health. What can we do now 561 00:29:51,000 --> 00:29:54,040 Speaker 9: that that turns sentiment around, that gets confidence, and that 562 00:29:54,200 --> 00:29:56,920 Speaker 9: keeps these people in New Zealand. So, you know, I 563 00:29:56,960 --> 00:29:59,840 Speaker 9: say it again, I go along with the superannuation stuff 564 00:30:00,000 --> 00:30:03,000 Speaker 9: as far as it goes. But in the short term, 565 00:30:03,000 --> 00:30:05,280 Speaker 9: exture cooker could cause issues if they brought it in 566 00:30:05,320 --> 00:30:09,360 Speaker 9: straight away. I personally doubt that over the long tendo Look, 567 00:30:09,800 --> 00:30:11,880 Speaker 9: excepting our saving rates need to go up, and there's 568 00:30:11,880 --> 00:30:13,160 Speaker 9: been quite a bit of chatter about that. 569 00:30:13,360 --> 00:30:16,320 Speaker 2: Yeah, appreciate your time. Simon. No sign of Craig Simon 570 00:30:16,320 --> 00:30:19,320 Speaker 2: Bridges Open Business Chamber of CEO, also former Poth Associate 571 00:30:19,360 --> 00:30:23,360 Speaker 2: Finance Minister. On News Talk SEB it is nine to six. 572 00:30:24,680 --> 00:30:26,640 Speaker 2: And for those people who are texting and about super 573 00:30:26,880 --> 00:30:29,560 Speaker 2: I'm not saying rip the rug out from under our 574 00:30:29,680 --> 00:30:34,239 Speaker 2: superinnuitants right now, or even those who are approaching a 575 00:30:34,280 --> 00:30:39,240 Speaker 2: retirement age or the age of entitlement, I should call 576 00:30:39,280 --> 00:30:41,160 Speaker 2: it rather than retirement age, because no one does that 577 00:30:41,200 --> 00:30:43,480 Speaker 2: at sixty five anymore. I'm just saying that I don't 578 00:30:43,480 --> 00:30:46,400 Speaker 2: expect to be getting the full hand out by the 579 00:30:46,520 --> 00:30:48,400 Speaker 2: time and it's a bit of a way to go. 580 00:30:48,920 --> 00:30:52,960 Speaker 2: I get there, Mike's nearly there. He's with us. 581 00:30:52,960 --> 00:30:56,480 Speaker 1: Next the first word on the News of the Day 582 00:30:56,760 --> 00:31:00,840 Speaker 1: early edition with Ryan Bridge and one Room your Property 583 00:31:00,920 --> 00:31:03,280 Speaker 1: Surgeon Simvil News Talks. 584 00:31:03,400 --> 00:31:05,040 Speaker 2: Six the six on News Talks said be on your 585 00:31:05,040 --> 00:31:07,120 Speaker 2: budget day. We've got that big new survey from the 586 00:31:07,160 --> 00:31:11,640 Speaker 2: Reserve Bank which was out yesterday and the survey says 587 00:31:11,720 --> 00:31:15,200 Speaker 2: businesses expect inflation to pack up again. Great, and this 588 00:31:15,240 --> 00:31:18,640 Speaker 2: is across all time periods one year, two year, five year, 589 00:31:18,800 --> 00:31:22,000 Speaker 2: and ten year and you go, bugger, you know we 590 00:31:22,080 --> 00:31:23,800 Speaker 2: meant to have an OCR cut next week. Is this 591 00:31:23,840 --> 00:31:25,720 Speaker 2: going to change the bank's mind? The answers no, But 592 00:31:26,320 --> 00:31:28,520 Speaker 2: it's it's a pretty big survey. It's more than six 593 00:31:28,600 --> 00:31:32,440 Speaker 2: hundred businesses. The problem that they the reason they don't like, 594 00:31:32,520 --> 00:31:34,600 Speaker 2: even though it's just a survey and it's the people's opinion, 595 00:31:34,760 --> 00:31:37,240 Speaker 2: is that it becomes a self fulfilling prophecy. If you 596 00:31:37,360 --> 00:31:39,920 Speaker 2: think prices are going to increase in your business, then 597 00:31:39,960 --> 00:31:43,560 Speaker 2: you start you anticipate that by increasing your prices and 598 00:31:43,600 --> 00:31:46,400 Speaker 2: the whole thing snowballs. It is six away from six 599 00:31:46,720 --> 00:31:48,960 Speaker 2: Bryan Bridge, good morning, mate. Morning. 600 00:31:49,000 --> 00:31:52,160 Speaker 14: To be fair that still those forecasts are still within 601 00:31:52,200 --> 00:31:54,000 Speaker 14: their band, so it's not the end of the world. 602 00:31:54,040 --> 00:31:56,040 Speaker 14: Britain had a number out this morning at three point 603 00:31:56,040 --> 00:31:58,920 Speaker 14: five or three point six, which was way higher than 604 00:31:58,920 --> 00:32:01,000 Speaker 14: they thought and also out side of their band, so 605 00:32:01,040 --> 00:32:05,560 Speaker 14: that's their concern. You've been watching Ramafosa unreal. So when 606 00:32:05,600 --> 00:32:07,880 Speaker 14: I walk into the Oval office, I mean he must 607 00:32:07,920 --> 00:32:10,560 Speaker 14: have known something was coming, given the white South Africans 608 00:32:10,640 --> 00:32:12,080 Speaker 14: arrived in the country for the first time in the 609 00:32:12,160 --> 00:32:13,880 Speaker 14: last week, so he must have known something was coming. 610 00:32:13,880 --> 00:32:15,520 Speaker 14: But I walk into the Oval office and I see 611 00:32:15,520 --> 00:32:18,040 Speaker 14: a screen look out and I go, I wonder if 612 00:32:18,040 --> 00:32:20,640 Speaker 14: that screen is normally there? And then Trump goes, can 613 00:32:20,680 --> 00:32:23,000 Speaker 14: you turn the lights down? And I'm thinking, he loves 614 00:32:23,000 --> 00:32:26,720 Speaker 14: a He's good. The prop so basically a tax. And 615 00:32:26,800 --> 00:32:28,960 Speaker 14: we had Mitch mccannon about this just beare no I 616 00:32:29,000 --> 00:32:32,920 Speaker 14: heard it. But the question is is it having watched it, 617 00:32:32,960 --> 00:32:36,080 Speaker 14: is it worse than Zelensky? Or I think it's worse 618 00:32:36,120 --> 00:32:40,160 Speaker 14: than Zelensky because Zolensky went went rogue whereas this was 619 00:32:40,200 --> 00:32:43,440 Speaker 14: a setup. This was an ambush, a deliberate ambush. 620 00:32:43,600 --> 00:32:47,000 Speaker 2: Well, this Zolensky situation was of more consequence. 621 00:32:47,080 --> 00:32:50,680 Speaker 14: It wasn't consequence by default because Zolensky's in a war. 622 00:32:50,720 --> 00:32:54,560 Speaker 14: Where's ramaphosis not But just in terms of you've come here, 623 00:32:54,680 --> 00:32:55,800 Speaker 14: I'm going to do you over. 624 00:32:56,120 --> 00:32:58,600 Speaker 2: Well, what it says is, hey, there's a pattern of 625 00:32:58,640 --> 00:33:02,160 Speaker 2: behavior now like luxon, do not go near. 626 00:33:02,640 --> 00:33:05,240 Speaker 14: I wouldn't touch the old and he had Ernie hells. 627 00:33:05,280 --> 00:33:06,840 Speaker 14: He had them all, he had them lined up, so 628 00:33:06,880 --> 00:33:08,480 Speaker 14: it wasn't like he hadn't thought about it. 629 00:33:08,840 --> 00:33:09,240 Speaker 2: Anyway. 630 00:33:09,760 --> 00:33:12,000 Speaker 14: This morning, the budget will talk about that what to expect, 631 00:33:12,000 --> 00:33:14,680 Speaker 14: what not to expect and expectations and Steven Joyce, have 632 00:33:14,680 --> 00:33:16,840 Speaker 14: you seen the numbers around our run primary sector? 633 00:33:17,000 --> 00:33:19,480 Speaker 2: Yes, just like holding us up. 634 00:33:19,560 --> 00:33:21,840 Speaker 14: I thank the good Lord. It's all on the back 635 00:33:21,960 --> 00:33:25,640 Speaker 14: a nice summer, Zsprey. I don't think people understand Zesprey. 636 00:33:26,680 --> 00:33:29,240 Speaker 14: Not long ago, this last year, they were going, we 637 00:33:29,440 --> 00:33:32,120 Speaker 14: might crack four billion, And you think, is that good? 638 00:33:32,200 --> 00:33:32,360 Speaker 9: Yes? 639 00:33:32,400 --> 00:33:34,280 Speaker 14: It as you compare it to say, grapes and wine. 640 00:33:34,320 --> 00:33:36,800 Speaker 14: Wine's two billion, and we talk a lot about grapes 641 00:33:36,800 --> 00:33:39,840 Speaker 14: in the wine industry, that's two. Zesbury's four just gone 642 00:33:39,880 --> 00:33:40,480 Speaker 14: through five. 643 00:33:41,160 --> 00:33:41,600 Speaker 9: Just like that. 644 00:33:41,760 --> 00:33:44,680 Speaker 14: You know, suddenly you're selling one hundred and sixty million trays. 645 00:33:44,680 --> 00:33:46,120 Speaker 14: Now it's two hundred and twenty million. 646 00:33:45,880 --> 00:33:48,120 Speaker 2: Trades, milk powder alone, milki alone. 647 00:33:48,640 --> 00:33:51,360 Speaker 14: It's just beridable what they're doing for this country. And 648 00:33:51,440 --> 00:33:54,440 Speaker 14: just imagine that wasn't happening well, and how much trouble 649 00:33:54,440 --> 00:33:56,280 Speaker 14: would we be. We're all riding on the backs of 650 00:33:57,000 --> 00:33:59,200 Speaker 14: riding on the backs of the primary sector. 651 00:33:59,320 --> 00:34:02,440 Speaker 2: Have a great budge today, everybody, see you tomorrow. Mike 652 00:34:02,560 --> 00:34:07,480 Speaker 2: is here with you next again for a new person 653 00:34:07,760 --> 00:34:09,880 Speaker 2: On over again. 654 00:34:13,200 --> 00:34:16,160 Speaker 1: For more from early edition with Ryan Bridge. Listen live 655 00:34:16,280 --> 00:34:19,319 Speaker 1: to news talks. It'd be from five am weekdays, or 656 00:34:19,360 --> 00:34:21,280 Speaker 1: follow the podcast on iHeartRadio