1 00:00:01,160 --> 00:00:05,320 Speaker 1: The issues, the interviews and the insight. Ryan Bridge on 2 00:00:05,559 --> 00:00:09,280 Speaker 1: earlier Ishow with one roof Love where you Live News 3 00:00:09,320 --> 00:00:11,000 Speaker 1: Talk said, be good morning. 4 00:00:10,760 --> 00:00:12,639 Speaker 2: Great to have your company. We'll look at the COVID 5 00:00:12,760 --> 00:00:15,239 Speaker 2: JAB jobs this morning, Gavin in the UK for US 6 00:00:15,240 --> 00:00:18,720 Speaker 2: property prices right for investors out there, and we'll talk 7 00:00:18,760 --> 00:00:21,160 Speaker 2: to Air Chathams on the price of ab gas, which 8 00:00:21,160 --> 00:00:25,360 Speaker 2: is going through the roof the agenda. It is Wednesday, 9 00:00:25,400 --> 00:00:28,320 Speaker 2: the eleventh of March. Five of the Iranian soccer players, 10 00:00:28,320 --> 00:00:31,160 Speaker 2: the female soccer players have been given asylum in Australia. 11 00:00:31,200 --> 00:00:33,840 Speaker 3: They're safe here and they should feel. 12 00:00:33,640 --> 00:00:35,960 Speaker 2: At home here. Here's the immigration minister table. 13 00:00:36,040 --> 00:00:40,839 Speaker 4: We realize they are in a terribly difficult situation with 14 00:00:40,920 --> 00:00:42,240 Speaker 4: the decisions that they're making. 15 00:00:42,520 --> 00:00:44,840 Speaker 2: Let's go to the conflict in the run itself now. 16 00:00:45,120 --> 00:00:48,240 Speaker 2: Pete Higgs Sayth says today will be the most intense 17 00:00:48,360 --> 00:00:49,440 Speaker 2: of the strikes on Iran. 18 00:00:49,560 --> 00:00:54,880 Speaker 1: Most fighters, the most bombers, the most strikes, intelligence, more 19 00:00:54,920 --> 00:00:57,320 Speaker 1: refined and better than ever. 20 00:00:57,720 --> 00:01:01,400 Speaker 2: Iran's top security official. Meanwhile, on Air has worn Trump 21 00:01:01,520 --> 00:01:06,360 Speaker 2: be careful so that you won't get eliminated. Right. Finally, 22 00:01:06,400 --> 00:01:10,040 Speaker 2: across the ditch, Lululemon Lulu lemon Is. This is the 23 00:01:10,080 --> 00:01:12,120 Speaker 2: active were brand. If you haven't seen it, it's the 24 00:01:12,360 --> 00:01:16,480 Speaker 2: really tight tights that people wear to yoga class. Been 25 00:01:16,560 --> 00:01:19,839 Speaker 2: fined in Australia more than seven hundred thousand dollars by 26 00:01:19,959 --> 00:01:24,560 Speaker 2: the Communications and Media Authority for breaching spam laws. Regulated 27 00:01:24,600 --> 00:01:26,920 Speaker 2: say the company sent more than three hundred and seventy 28 00:01:27,040 --> 00:01:33,240 Speaker 2: thousand emails containing marketing content how annoying without an unsubscribe option. 29 00:01:33,480 --> 00:01:36,440 Speaker 2: This is between December of twenty four and January of 30 00:01:36,440 --> 00:01:37,000 Speaker 2: twenty five. 31 00:01:38,480 --> 00:01:42,160 Speaker 1: Get ahead of the headlines on early edition with Ryan 32 00:01:42,240 --> 00:01:45,919 Speaker 1: Bridge and one roof Love where you Live news Talks. 33 00:01:45,920 --> 00:01:48,560 Speaker 2: That'd be eight r five great to have your company, Ryan. 34 00:01:48,600 --> 00:01:50,960 Speaker 2: This is from Steve after watching Erica Stamford on the 35 00:01:51,000 --> 00:01:53,000 Speaker 2: news last night. It's an no brainer that she should 36 00:01:53,040 --> 00:01:56,160 Speaker 2: lead National. They would win the election hands down. Yes, Steve, 37 00:01:56,200 --> 00:01:58,520 Speaker 2: Now's not the time. Now's not the time. You can 38 00:01:58,520 --> 00:02:01,040 Speaker 2: wait and do that later. If you needed to change leaders, 39 00:02:01,080 --> 00:02:03,240 Speaker 2: if things are dire a couple of months out from 40 00:02:03,280 --> 00:02:05,400 Speaker 2: the election, you would do it. Then. You don't need 41 00:02:05,440 --> 00:02:09,720 Speaker 2: to do anything now. Although I did see did you 42 00:02:09,760 --> 00:02:13,680 Speaker 2: hear yesterday what John Key and Luxon spoke about? 43 00:02:14,800 --> 00:02:15,000 Speaker 5: Yes? 44 00:02:15,040 --> 00:02:17,680 Speaker 2: I typically yes, I did about his golf. He's playing 45 00:02:17,919 --> 00:02:18,799 Speaker 2: playing very good golf. 46 00:02:18,800 --> 00:02:19,240 Speaker 6: Apparently. 47 00:02:21,000 --> 00:02:23,760 Speaker 2: All right, let's move on from that COVID inquiry. I 48 00:02:23,760 --> 00:02:26,400 Speaker 2: actually don't want to talk about this either. The COVID 49 00:02:26,440 --> 00:02:29,560 Speaker 2: inquiry another one Phase two reports come out, and these 50 00:02:29,600 --> 00:02:31,919 Speaker 2: reports come out and they all say similar things. Yeah, 51 00:02:32,000 --> 00:02:35,600 Speaker 2: got good job on the whole room for improvement. I'm 52 00:02:35,600 --> 00:02:38,239 Speaker 2: just sick of talking about it now. I think, are you? 53 00:02:38,720 --> 00:02:41,200 Speaker 2: Are you sick of talking about it too. I know 54 00:02:41,280 --> 00:02:44,400 Speaker 2: it's important and we've talked about it a nauseum for 55 00:02:44,440 --> 00:02:47,840 Speaker 2: the past what five years, but I'm kind of I'm 56 00:02:47,919 --> 00:02:49,520 Speaker 2: kind of over it now. I've kind of done my 57 00:02:49,560 --> 00:02:52,320 Speaker 2: dash with it. You either you're in one of two camps, 58 00:02:52,320 --> 00:02:55,280 Speaker 2: aren't you. You're either in the camp of Yeah, they 59 00:02:55,639 --> 00:02:57,760 Speaker 2: did it well at the start and then they totally 60 00:02:57,800 --> 00:02:59,880 Speaker 2: cocked it up and they went too far and for 61 00:03:00,080 --> 00:03:04,440 Speaker 2: too long. And these reports don't look at everything. They 62 00:03:04,440 --> 00:03:07,680 Speaker 2: don't look at you know, long term school closure impacts, 63 00:03:07,800 --> 00:03:11,600 Speaker 2: long term youth crime, long term business debt. Like Yeah, sure, 64 00:03:11,919 --> 00:03:15,880 Speaker 2: GDP might bounce back, activity might bounce back, but how 65 00:03:15,960 --> 00:03:18,120 Speaker 2: much of you borrowed? Have you mortgaged the house in 66 00:03:18,240 --> 00:03:21,080 Speaker 2: your small business in the meantime, while the lockdowns were happening, 67 00:03:21,080 --> 00:03:23,640 Speaker 2: have you taken all that into account? What about the debt? 68 00:03:23,840 --> 00:03:26,200 Speaker 2: What about the ten billion dollar interest bill that we 69 00:03:26,240 --> 00:03:28,000 Speaker 2: have to pay as account? I mean, all these things, 70 00:03:28,720 --> 00:03:31,679 Speaker 2: and then you go another report say it's such same 71 00:03:31,720 --> 00:03:34,440 Speaker 2: thing basically as the last one. So are we that 72 00:03:34,520 --> 00:03:37,160 Speaker 2: interested anymore? The one thing that came out of it 73 00:03:37,240 --> 00:03:41,440 Speaker 2: is the JAB advice, which was for young people, and 74 00:03:41,520 --> 00:03:44,280 Speaker 2: at the time you did think, well, perfectly healthy young person, 75 00:03:44,640 --> 00:03:47,920 Speaker 2: they're far less likely to get sick from COVID and 76 00:03:47,960 --> 00:03:50,200 Speaker 2: they're taking the JAB and then they're taking a double dose. 77 00:03:50,280 --> 00:03:52,280 Speaker 2: Turns out the second dose may not have been that 78 00:03:52,360 --> 00:03:56,160 Speaker 2: great for them. The mocarditist thing was an issue, so 79 00:03:56,280 --> 00:03:59,920 Speaker 2: that certainly would require some answers today. But beyond that, 80 00:04:00,040 --> 00:04:06,160 Speaker 2: at do we care now? Ten after five TALKSB, What 81 00:04:06,160 --> 00:04:07,960 Speaker 2: we do care about is the price of jet fuel 82 00:04:08,040 --> 00:04:09,880 Speaker 2: and we will talk to Dwyane em Andy who's from 83 00:04:09,880 --> 00:04:11,960 Speaker 2: Air Chathams about this because it's not just in New 84 00:04:12,040 --> 00:04:14,560 Speaker 2: Zealand that's coppying it. It's all our regional and smaller 85 00:04:14,600 --> 00:04:17,000 Speaker 2: players too. That's next News Talks eNB. 86 00:04:18,160 --> 00:04:22,000 Speaker 1: On your radio and online on Iheard Radio Early edition 87 00:04:22,320 --> 00:04:25,960 Speaker 1: with Ryan Bridge and one roof Love, Where You Live, 88 00:04:26,279 --> 00:04:28,720 Speaker 1: News Talks EDB, News Talks eNB. 89 00:04:28,880 --> 00:04:31,839 Speaker 2: Time is twelve minutes after five A. Local airlines putting 90 00:04:31,839 --> 00:04:34,359 Speaker 2: out an sos to the government. Jet fuel prices have 91 00:04:34,400 --> 00:04:36,640 Speaker 2: almost doubled since the beginning of the war in Iran 92 00:04:36,760 --> 00:04:39,800 Speaker 2: air New Zealand's and strife. They're hiking international fears by 93 00:04:39,920 --> 00:04:42,679 Speaker 2: up to ninety bucks. Smaller players in trouble too. Dwayne 94 00:04:42,839 --> 00:04:44,880 Speaker 2: m Andy air Chathams CEO with me this morning. Dwayne, 95 00:04:44,880 --> 00:04:47,880 Speaker 2: good morning, yeah, very good morning. Right. How are you? Yeah, 96 00:04:48,000 --> 00:04:50,240 Speaker 2: very well, thank you. You'll be watching the price of 97 00:04:50,920 --> 00:04:53,160 Speaker 2: jet fuel pretty closely. Has it come back at all? 98 00:04:54,720 --> 00:04:56,440 Speaker 7: Yeah, definitely watching a lot more than it was two 99 00:04:56,440 --> 00:05:00,200 Speaker 7: weeks ago. Yet it has come back. Just check this morning. 100 00:05:00,240 --> 00:05:02,920 Speaker 7: I think it's sitting at around eighty five dollars a 101 00:05:02,960 --> 00:05:07,719 Speaker 7: barrel for break crude. The jet fuel price that crack 102 00:05:07,760 --> 00:05:09,400 Speaker 7: spreads a little bit harder to get my hands on, 103 00:05:09,520 --> 00:05:12,520 Speaker 7: but good to see that that bring prude price dropping 104 00:05:13,120 --> 00:05:13,919 Speaker 7: at this stage. 105 00:05:14,000 --> 00:05:15,600 Speaker 2: Do you are you putting up prices? 106 00:05:17,120 --> 00:05:21,000 Speaker 7: Yeah, here we're following suit with the other regional and 107 00:05:22,120 --> 00:05:24,920 Speaker 7: airlines within New Zealand. We're looking at a twenty dollars 108 00:05:24,960 --> 00:05:31,000 Speaker 7: increase to our standard feares, which obviously is not going 109 00:05:31,080 --> 00:05:34,120 Speaker 7: to cover all of this escalation, but it helps a 110 00:05:34,160 --> 00:05:36,880 Speaker 7: little bit. So we did that overnight. Our team were 111 00:05:36,920 --> 00:05:37,839 Speaker 7: working on that overnight. 112 00:05:38,279 --> 00:05:40,560 Speaker 2: Does that effect you demand? Do you think or do 113 00:05:40,680 --> 00:05:42,440 Speaker 2: people are just going to fly with you anyway and 114 00:05:42,480 --> 00:05:43,159 Speaker 2: wear it for now? 115 00:05:44,560 --> 00:05:44,720 Speaker 8: Well? 116 00:05:44,720 --> 00:05:46,240 Speaker 7: I hope they'll still fly with us. I think it's 117 00:05:46,279 --> 00:05:50,320 Speaker 7: quite important that they do. But that is the balance, right. 118 00:05:50,720 --> 00:05:53,839 Speaker 7: The more you put the price up, the more unaffordable 119 00:05:53,880 --> 00:05:57,000 Speaker 7: it comes, and people just don't travel, and then it's 120 00:05:57,040 --> 00:05:59,040 Speaker 7: a worse situation for an airline when that happens. 121 00:05:59,240 --> 00:06:00,800 Speaker 2: What do you want government to do? 122 00:06:02,480 --> 00:06:04,680 Speaker 7: Yeah, So I've been having a lot of thought about 123 00:06:04,680 --> 00:06:06,320 Speaker 7: this the last couple of days. I think the key 124 00:06:06,360 --> 00:06:09,760 Speaker 7: thing we're really asking for is just a more proactive approach. Right, 125 00:06:09,839 --> 00:06:12,839 Speaker 7: so we all know this is a really volatile situation. 126 00:06:13,040 --> 00:06:16,240 Speaker 7: It's it's changed and escalated quickly in just a matter 127 00:06:16,279 --> 00:06:19,159 Speaker 7: of days. So what I think we really want the 128 00:06:19,160 --> 00:06:21,479 Speaker 7: government to do is say, well, you know, if this 129 00:06:21,560 --> 00:06:24,640 Speaker 7: thing pushes out past the month, two months, three months, 130 00:06:24,720 --> 00:06:30,640 Speaker 7: what can we actually do tangibly to support regional air connectivity? 131 00:06:31,560 --> 00:06:33,680 Speaker 7: And there are a number of options to know that. 132 00:06:34,360 --> 00:06:37,120 Speaker 7: You know, I spoke recently about some of them, which 133 00:06:37,120 --> 00:06:40,040 Speaker 7: are those costs that the government may have some control 134 00:06:40,080 --> 00:06:45,039 Speaker 7: over through sos and regulatory departments. So I think it's 135 00:06:45,080 --> 00:06:47,719 Speaker 7: really just if you've got this ministerial committee sitting together 136 00:06:47,920 --> 00:06:49,919 Speaker 7: and you're thinking about these things, you know, have a 137 00:06:49,920 --> 00:06:54,000 Speaker 7: specific focus on aviation, and say, well, proactively, what could 138 00:06:54,000 --> 00:06:56,800 Speaker 7: we do, what could we start working on now, it's 139 00:06:56,880 --> 00:07:00,200 Speaker 7: put a mechanism in place to support these guys if 140 00:07:00,240 --> 00:07:00,920 Speaker 7: it goes longer. 141 00:07:01,320 --> 00:07:05,440 Speaker 2: Have you had any money come through from the regional airlines, 142 00:07:05,520 --> 00:07:09,039 Speaker 2: the loans for regional airlines, the money that the government announced? 143 00:07:09,720 --> 00:07:12,880 Speaker 7: No, No, we're working through it. So you know, it 144 00:07:13,240 --> 00:07:16,080 Speaker 7: is a process. It's there's a lot of tax payer money, 145 00:07:16,080 --> 00:07:18,840 Speaker 7: so we've got to do it promptly. So we've been 146 00:07:18,840 --> 00:07:21,840 Speaker 7: working with Carnoa and hopefully by the end of this 147 00:07:21,920 --> 00:07:24,760 Speaker 7: month the Ministerial Group will meet and make some decisions 148 00:07:24,800 --> 00:07:25,080 Speaker 7: on that. 149 00:07:25,880 --> 00:07:28,080 Speaker 2: Dwayne, appreciate your time this morning. Drayne M and E. E. 150 00:07:28,280 --> 00:07:32,960 Speaker 2: Chatham's CEO time is quarter past five. You're on news talks. 151 00:07:32,960 --> 00:07:35,440 Speaker 2: He'd be on the timing of when is it all in? 152 00:07:35,600 --> 00:07:38,680 Speaker 2: When is the war over Trump's advisors apparently, and is 153 00:07:38,680 --> 00:07:40,280 Speaker 2: there and now so that you need an exit plan, 154 00:07:40,360 --> 00:07:42,320 Speaker 2: you need an exit strategy. And yes, say, when you 155 00:07:42,400 --> 00:07:44,320 Speaker 2: call that press conference, you kin't of thought, oh was 156 00:07:44,360 --> 00:07:46,320 Speaker 2: this it? Is he going to finally announce we're going 157 00:07:46,360 --> 00:07:49,040 Speaker 2: to pull out, We're going to stop bombing. They're doubling 158 00:07:49,040 --> 00:07:51,160 Speaker 2: down today. But you'd have to say the end is nigh. 159 00:07:51,400 --> 00:07:54,160 Speaker 2: Won't be long till he puts a you know, a 160 00:07:54,200 --> 00:07:56,960 Speaker 2: bush mission accomplished banner over the top of it, a 161 00:07:57,040 --> 00:07:59,600 Speaker 2: victory banner, ties a boo on it, and wraps it up, 162 00:07:59,640 --> 00:08:03,240 Speaker 2: calls it day. The Strait of Her Moors obviously is 163 00:08:03,280 --> 00:08:05,200 Speaker 2: the big question mark. And I've got a little update 164 00:08:05,280 --> 00:08:07,680 Speaker 2: for you on how much traffic is going through there, 165 00:08:07,720 --> 00:08:12,160 Speaker 2: according to Goldman Sacks Next News Talk, SIB Views. 166 00:08:11,880 --> 00:08:15,240 Speaker 1: And Views you Trust to start your day, it's earlier 167 00:08:15,320 --> 00:08:19,000 Speaker 1: this ship with Ryan Bridge and one roof Love where 168 00:08:19,040 --> 00:08:20,760 Speaker 1: you Live News Talk SEDB. 169 00:08:20,640 --> 00:08:22,960 Speaker 2: News Talk said b it is eighteen minutes after five, 170 00:08:23,000 --> 00:08:26,440 Speaker 2: So Ramco, this is Saudi Arabia's state oil company, biggest 171 00:08:26,440 --> 00:08:28,320 Speaker 2: oil company in the world. By the way. They have 172 00:08:28,400 --> 00:08:31,040 Speaker 2: warned that it could be catastrophic if the strait doesn't 173 00:08:31,080 --> 00:08:33,600 Speaker 2: open soon, which is why the straight needs to open. 174 00:08:33,880 --> 00:08:37,120 Speaker 2: They still are managing to do seventy percent of output. 175 00:08:37,160 --> 00:08:39,440 Speaker 2: That's obviously not one hundred percent of output, which is 176 00:08:39,440 --> 00:08:42,200 Speaker 2: what you would want them to be doing. But there 177 00:08:42,280 --> 00:08:45,120 Speaker 2: is a little uptick in traffic going through the strait 178 00:08:45,120 --> 00:08:47,160 Speaker 2: at the moment. This is a Goldman sax note that 179 00:08:47,160 --> 00:08:50,200 Speaker 2: they put out to clients overnight. The number of oil 180 00:08:50,280 --> 00:08:52,640 Speaker 2: vessels crossing the Strait was at twenty percent of pre 181 00:08:52,800 --> 00:08:55,760 Speaker 2: war levels. Now that is actually up from what they 182 00:08:55,880 --> 00:08:58,679 Speaker 2: did estimate was about ten percent. So it's one point 183 00:08:58,679 --> 00:09:01,920 Speaker 2: six million barrels a day through the strait. Normally you 184 00:09:01,960 --> 00:09:04,720 Speaker 2: would get twenty million barrels a day before the conflict. 185 00:09:05,000 --> 00:09:07,720 Speaker 2: The other problem you've got is actually tracking the vecal 186 00:09:07,960 --> 00:09:10,520 Speaker 2: vessels that are going through the Strait because they're turning 187 00:09:10,559 --> 00:09:13,480 Speaker 2: off their transponders, so hard to know exactly how much 188 00:09:13,600 --> 00:09:15,800 Speaker 2: is going through there. But it's fine to say not 189 00:09:15,960 --> 00:09:21,200 Speaker 2: much for now, Brian Bridge. Right, let's get to property. 190 00:09:21,320 --> 00:09:24,240 Speaker 2: House prices the most affordable they've been in a decade. 191 00:09:24,240 --> 00:09:26,560 Speaker 2: This is outside of the COVID drop. National value to 192 00:09:26,640 --> 00:09:29,360 Speaker 2: income ratio down to seven point two for quarter four 193 00:09:29,400 --> 00:09:32,400 Speaker 2: of twenty twenty five. That's the lowest since twenty sixteen, 194 00:09:32,480 --> 00:09:34,920 Speaker 2: the long term average is six point eight. Matt Ball 195 00:09:35,000 --> 00:09:37,720 Speaker 2: Properly Investors Federation is with us this morning. Matt, Good morning, 196 00:09:39,080 --> 00:09:41,480 Speaker 2: Good morning, Rynnie. Well, yeah, I'm very well, thank you. 197 00:09:42,040 --> 00:09:43,920 Speaker 2: Is this where we go out and buy lots of houses? 198 00:09:45,960 --> 00:09:49,360 Speaker 8: I mean, it's still above the average long run affordability measure, 199 00:09:49,440 --> 00:09:51,600 Speaker 8: So it's great to see that. I'm come down. That's 200 00:09:51,640 --> 00:09:53,599 Speaker 8: good for New Zealand, good for young people trying to 201 00:09:53,600 --> 00:09:56,079 Speaker 8: buy a house. But it'd be nice if that dropped 202 00:09:56,080 --> 00:09:56,880 Speaker 8: down a little bit further. 203 00:09:58,480 --> 00:10:01,240 Speaker 2: When you say good news for every yes, good news 204 00:10:01,280 --> 00:10:05,200 Speaker 2: for first time buyers. Do investors go out and buy 205 00:10:05,240 --> 00:10:07,439 Speaker 2: at a time like this? Would you know? Are they? 206 00:10:09,679 --> 00:10:12,480 Speaker 8: This isn't the sort of measure that drives investors. And 207 00:10:12,760 --> 00:10:14,600 Speaker 8: if you look at some of the other surveys happening 208 00:10:14,600 --> 00:10:18,040 Speaker 8: at the moment, you actually see the more investors looking 209 00:10:18,080 --> 00:10:20,880 Speaker 8: to sell at the moment. So the sort of things 210 00:10:20,920 --> 00:10:24,320 Speaker 8: that will drive an investor are the numbers. If I 211 00:10:24,360 --> 00:10:27,079 Speaker 8: buy this property, can I either add value to it 212 00:10:27,520 --> 00:10:29,400 Speaker 8: or can I get a good cash flow out of it? 213 00:10:29,480 --> 00:10:32,959 Speaker 8: So is it a good long term investment? Things that 214 00:10:33,000 --> 00:10:35,600 Speaker 8: are making investors nervous at the moment, or obviously the election, 215 00:10:35,760 --> 00:10:40,000 Speaker 8: that's a bit tight. Things like well, I'm not am 216 00:10:40,080 --> 00:10:42,320 Speaker 8: I going to be able to rent the property? The 217 00:10:42,360 --> 00:10:44,880 Speaker 8: rental market is a bit tight at the moment, and 218 00:10:45,240 --> 00:10:49,720 Speaker 8: that's sort of bringing the affordability down to an achievable 219 00:10:49,760 --> 00:10:52,640 Speaker 8: level for some people for rents. But are rent's going 220 00:10:52,640 --> 00:10:56,560 Speaker 8: to fall further and they may do so it's biggest 221 00:10:56,600 --> 00:10:59,120 Speaker 8: picture of things that are concerning investors at the moment. 222 00:11:00,080 --> 00:11:02,360 Speaker 8: Also in some areas things are fine. So if you 223 00:11:02,360 --> 00:11:05,200 Speaker 8: go down the bottom of the South Island, I think 224 00:11:05,240 --> 00:11:08,800 Speaker 8: that the rental market there is much stronger and some 225 00:11:08,960 --> 00:11:10,680 Speaker 8: investors are much more active. 226 00:11:11,360 --> 00:11:15,480 Speaker 2: How worrying is that interest deductibility thing from labor? I mean, 227 00:11:15,480 --> 00:11:18,359 Speaker 2: we've talked about this before and you know your reckonss 228 00:11:18,400 --> 00:11:21,160 Speaker 2: and maybe they'll bring back fifty percent. I mean, if 229 00:11:21,160 --> 00:11:24,000 Speaker 2: you're looking, if you're weighing up investment options, as you say, 230 00:11:24,000 --> 00:11:25,640 Speaker 2: there's a whole bunch of things you think about, But 231 00:11:25,720 --> 00:11:28,000 Speaker 2: how much of a worry or drag is that one. 232 00:11:29,920 --> 00:11:32,920 Speaker 8: Interestedductability? And you're right, Ryan, it really does look like 233 00:11:33,040 --> 00:11:34,920 Speaker 8: Labor are going to remove it again or at least 234 00:11:34,960 --> 00:11:40,880 Speaker 8: fifty percent. It's a huge worry and just with any business, 235 00:11:41,000 --> 00:11:44,200 Speaker 8: if you suddenly couldn't deduct one of your major expenses. 236 00:11:44,880 --> 00:11:47,880 Speaker 8: That really changes the economics of it. So, yes, there 237 00:11:47,920 --> 00:11:51,120 Speaker 8: are people and I know totally and this isn't hard evidence, 238 00:11:51,679 --> 00:11:54,960 Speaker 8: but I know people who are selling a few properties 239 00:11:54,960 --> 00:11:57,480 Speaker 8: if they've got more than one, just to get ahead 240 00:11:57,480 --> 00:12:01,520 Speaker 8: of things, to encase the election goes Labour's way and 241 00:12:01,800 --> 00:12:04,920 Speaker 8: the factibilities removed. It is a really big concern. 242 00:12:06,000 --> 00:12:08,120 Speaker 2: Matt, appreciate your time this morning. Thanks for being with me. 243 00:12:08,160 --> 00:12:11,120 Speaker 2: Matt Ball Property Investors Federation twenty two minutes after five, 244 00:12:11,840 --> 00:12:15,800 Speaker 2: Ray and Bridge, So in New Zealand. You know they're 245 00:12:15,840 --> 00:12:19,040 Speaker 2: in a They had it announced yesterday, suspended earnings guidance 246 00:12:19,120 --> 00:12:23,520 Speaker 2: because of the unprecedented volatility in the global jet fuel markets. 247 00:12:23,559 --> 00:12:25,560 Speaker 2: So then the question is what do they do? Do 248 00:12:25,640 --> 00:12:28,760 Speaker 2: they cut flights? Do they what do they do? Well, 249 00:12:28,960 --> 00:12:32,080 Speaker 2: look at Cathay Pacific and how much price increases are 250 00:12:32,080 --> 00:12:34,440 Speaker 2: happening over there, because I mean that's quite a specific 251 00:12:34,520 --> 00:12:38,400 Speaker 2: example because you have a whole bunch of particularly ossie 252 00:12:38,400 --> 00:12:42,880 Speaker 2: travelers going to the UK going to Europe connecting through 253 00:12:42,880 --> 00:12:46,040 Speaker 2: the golf. Obviously can't connect through the golf because Emirates 254 00:12:46,120 --> 00:12:49,360 Speaker 2: not really, I mean that up a little bit operating, 255 00:12:49,480 --> 00:12:52,920 Speaker 2: but it's limited operations, a fraction of their normal schedules. 256 00:12:53,200 --> 00:12:55,720 Speaker 2: It Hard and Kata Airways the same thing, and so 257 00:12:55,760 --> 00:12:57,760 Speaker 2: then people are going, well, let's go through Asia, let's 258 00:12:57,760 --> 00:13:02,200 Speaker 2: go through America. And Pacific is now selling seats apparently 259 00:13:02,200 --> 00:13:05,600 Speaker 2: from Sydney to London. Get wait for this, forty five 260 00:13:05,679 --> 00:13:09,240 Speaker 2: thousand dollars return for a business class seat, which is 261 00:13:09,320 --> 00:13:13,199 Speaker 2: well above what you would pay to fly on a 262 00:13:13,280 --> 00:13:17,360 Speaker 2: first class for Cathay Pacific. So there's obviously a real 263 00:13:17,400 --> 00:13:21,600 Speaker 2: squeeze on demand there and the prices are responding. Twenty 264 00:13:21,600 --> 00:13:23,480 Speaker 2: three minutes after five, News Talks VB. 265 00:13:23,840 --> 00:13:29,040 Speaker 1: The early edition full show podcast on iHeartRadio Power by Newstalk. 266 00:13:28,720 --> 00:13:33,560 Speaker 2: ZIB News Talk ZB. It is twenty five minutes after five. 267 00:13:33,720 --> 00:13:36,559 Speaker 2: Where in the world is Nickel Ravashanka. You've got a 268 00:13:36,600 --> 00:13:38,520 Speaker 2: feel a bit for the New Zealand boss, don't you. 269 00:13:38,679 --> 00:13:41,400 Speaker 2: He is in the hot seat and he is sweating. 270 00:13:41,559 --> 00:13:44,199 Speaker 2: If ever there was a poison chellice, that guy is 271 00:13:44,280 --> 00:13:47,200 Speaker 2: drinking from it. He is glugging it back. He's drowning 272 00:13:47,240 --> 00:13:50,679 Speaker 2: in it. Poor thing. They've suspended their guidance after the 273 00:13:50,720 --> 00:13:55,280 Speaker 2: avgas price went nuts doubled on Iran that's after announcing 274 00:13:55,320 --> 00:13:57,640 Speaker 2: that loss of sixty million dollars for the half year, 275 00:13:57,760 --> 00:14:01,480 Speaker 2: and now they're hiking prices apparently this is according to 276 00:14:01,520 --> 00:14:06,080 Speaker 2: stuff up to ninety dollars on international fares and reportedly 277 00:14:06,840 --> 00:14:09,720 Speaker 2: reportedly because they haven't confirmed this yet, looking at cutting 278 00:14:09,720 --> 00:14:12,520 Speaker 2: some roots as well, looking at cutting some costs. On 279 00:14:12,559 --> 00:14:15,680 Speaker 2: top of that, you got David Seymour barking loudly about 280 00:14:15,760 --> 00:14:19,400 Speaker 2: selling half of you off. His problems and this is 281 00:14:19,440 --> 00:14:22,680 Speaker 2: the problem with all the New Zealand bosses are financial. 282 00:14:22,800 --> 00:14:27,200 Speaker 2: The implications very political. You know, it is the national carrier, 283 00:14:27,280 --> 00:14:29,840 Speaker 2: after all, it's up there with the PM, it's up 284 00:14:29,880 --> 00:14:34,120 Speaker 2: there with the all Blacks coach at NZR in terms 285 00:14:34,160 --> 00:14:37,440 Speaker 2: of profile and criticism in New Zealand. But when the 286 00:14:37,480 --> 00:14:40,480 Speaker 2: going gets tough, you got to front. If an inz 287 00:14:40,680 --> 00:14:42,720 Speaker 2: X update of the kind that we saw yesterday was 288 00:14:42,760 --> 00:14:45,120 Speaker 2: put out by the CEO of a company not half 289 00:14:45,160 --> 00:14:47,320 Speaker 2: owned by voters, then you'd probably get away with no 290 00:14:47,400 --> 00:14:50,040 Speaker 2: public interviews. Talked to some shareholders, but that is not 291 00:14:50,160 --> 00:14:53,200 Speaker 2: the case for Air New Zealand. I spoke to Greg 292 00:14:53,200 --> 00:14:55,560 Speaker 2: Fourhan the other day, another in New Zealand boss, who 293 00:14:55,600 --> 00:15:00,240 Speaker 2: timed his landing into the job quite terribly COVID and 294 00:15:00,360 --> 00:15:02,400 Speaker 2: thanked him at the end, I said thank you for 295 00:15:02,520 --> 00:15:05,000 Speaker 2: always because he did. He would always front up to 296 00:15:05,040 --> 00:15:08,000 Speaker 2: the public as far as I can remember anyway, never 297 00:15:08,080 --> 00:15:10,960 Speaker 2: really felt irked by it. Always front up to the public, 298 00:15:10,960 --> 00:15:13,440 Speaker 2: always come in for an interview when the going got tough. 299 00:15:13,800 --> 00:15:16,680 Speaker 2: Over the years, he made himself very available. Didn't really 300 00:15:16,680 --> 00:15:18,840 Speaker 2: matter whether the news was good or bad. And there 301 00:15:18,880 --> 00:15:23,760 Speaker 2: was plenty of bad engine issues, prices, COVID, travel refunds, 302 00:15:23,800 --> 00:15:26,720 Speaker 2: remember all that stuff. So whether it was good or bad, 303 00:15:27,120 --> 00:15:30,320 Speaker 2: Greg was generally there, which begs the question, as the 304 00:15:30,360 --> 00:15:34,160 Speaker 2: airline faces new headwinds, where in the world is nicol 305 00:15:34,200 --> 00:15:40,920 Speaker 2: Ravashenka brig be the G seven finance meeting Finance Minister's 306 00:15:40,960 --> 00:15:43,960 Speaker 2: meeting we talked about yesterday. Well, then the energy ministers 307 00:15:43,960 --> 00:15:47,000 Speaker 2: got together, they had a little hui and they decided 308 00:15:47,040 --> 00:15:49,360 Speaker 2: the same thing basically as the finance ministers. 309 00:15:49,560 --> 00:15:53,520 Speaker 7: If we are facing crisis, if we are facing disruptions. 310 00:15:52,800 --> 00:15:56,360 Speaker 1: Of supply, so that's exactly where we can. 311 00:15:58,000 --> 00:16:03,880 Speaker 7: Intering. We are not a seeing any structural shortage of 312 00:16:03,920 --> 00:16:05,160 Speaker 7: supply are. 313 00:16:05,000 --> 00:16:08,320 Speaker 2: Going forward, So basically what they're saying is at this 314 00:16:08,440 --> 00:16:11,120 Speaker 2: stage things aren't bad enough for us to do anything 315 00:16:11,200 --> 00:16:14,920 Speaker 2: and release the reserves into and the price is coming 316 00:16:14,920 --> 00:16:19,400 Speaker 2: down to it's back in the eighties. Brent Crude Overnight. Voltswagen. 317 00:16:19,440 --> 00:16:21,200 Speaker 2: We're going to talk to Gavin Gray out of the UK, 318 00:16:21,400 --> 00:16:23,280 Speaker 2: coming up after the news at five point thirty, because 319 00:16:23,320 --> 00:16:26,320 Speaker 2: Voltswagen has said it's going to cut fifty thousand jobs 320 00:16:26,360 --> 00:16:29,920 Speaker 2: in Germany. This is by twenty thirty. Their profits are 321 00:16:30,000 --> 00:16:33,360 Speaker 2: dropping lowest level since twenty sixteen. The problem that they've 322 00:16:33,400 --> 00:16:37,800 Speaker 2: got is well they're not selling enough cars and the 323 00:16:38,000 --> 00:16:43,560 Speaker 2: competition from the Chinese EV manufacturers again hitting them. So 324 00:16:43,600 --> 00:16:46,360 Speaker 2: we'll talk to Gavin about that shortly. And staying on 325 00:16:46,400 --> 00:16:50,560 Speaker 2: the roads for a second. An sorry, an z's trachometer 326 00:16:50,840 --> 00:16:53,000 Speaker 2: or truck ameter. I'm never really sure how to say it, 327 00:16:53,040 --> 00:16:55,280 Speaker 2: but there you go. You've get you both versions this 328 00:16:55,360 --> 00:16:58,360 Speaker 2: morning that's come up. This is for February. So the 329 00:16:58,520 --> 00:17:01,080 Speaker 2: light traffic index was up two and a half percent 330 00:17:01,200 --> 00:17:03,600 Speaker 2: in February from January. That means it's up four and 331 00:17:03,600 --> 00:17:05,760 Speaker 2: a half percent from a year ago, so that's good. 332 00:17:05,800 --> 00:17:07,879 Speaker 2: There's more traffic on the roads, which means there's more 333 00:17:07,920 --> 00:17:11,359 Speaker 2: activity going on. And your heavy traffic index, that's your 334 00:17:11,359 --> 00:17:15,520 Speaker 2: trucks up two point four percent for the month, same 335 00:17:15,640 --> 00:17:19,399 Speaker 2: for annual. So all heading in the right direction and 336 00:17:19,440 --> 00:17:23,920 Speaker 2: that is up for now. Always the caveat when there's 337 00:17:23,920 --> 00:17:26,520 Speaker 2: a wall going on in the Middle East. Twenty nine 338 00:17:26,560 --> 00:17:29,119 Speaker 2: after five News Talks at B, we're live to the 339 00:17:29,240 --> 00:17:30,200 Speaker 2: UK next. 340 00:17:39,960 --> 00:17:42,560 Speaker 1: The news you need this morning and the in depth 341 00:17:42,560 --> 00:17:47,080 Speaker 1: analysis early edition with Ryan Bridge and one Route Love 342 00:17:47,119 --> 00:17:48,760 Speaker 1: where you live News Talks B. 343 00:17:56,880 --> 00:17:59,359 Speaker 2: Good morning and welcome to Wednesday. If you're just joining us. 344 00:17:59,400 --> 00:18:02,040 Speaker 2: As twenty four away from six, the HMS drag In 345 00:18:02,119 --> 00:18:05,240 Speaker 2: the navy vessel is currently setting sale all the live 346 00:18:05,320 --> 00:18:07,639 Speaker 2: cameras on it leaving the UK at the moment for 347 00:18:07,840 --> 00:18:10,400 Speaker 2: the med heading towards Cyprus. We'll talk to Gavin Gray 348 00:18:10,440 --> 00:18:14,240 Speaker 2: out of the UK shortly and COVID job jabs before six. 349 00:18:14,840 --> 00:18:17,200 Speaker 2: Over in Australia, Have you been to the Twelve Apostles? 350 00:18:17,200 --> 00:18:19,680 Speaker 2: Have been to see the twelve Apostles in Victoria? There's 351 00:18:19,680 --> 00:18:23,320 Speaker 2: actually this is the limestone stacks, very famous. You'll know 352 00:18:23,359 --> 00:18:25,480 Speaker 2: if you haven't been there, you would have seen photos 353 00:18:25,480 --> 00:18:28,480 Speaker 2: of them. There's actually only seven of them left, so 354 00:18:28,600 --> 00:18:32,679 Speaker 2: it's a bit of a you know, it's false advertising 355 00:18:32,720 --> 00:18:34,320 Speaker 2: really at this point isn't it when you've only got 356 00:18:34,359 --> 00:18:37,280 Speaker 2: seven of the twelve? Anyway, the twelve Apostles. They're doing 357 00:18:37,359 --> 00:18:39,840 Speaker 2: a new visitor center there. And the reason I raised 358 00:18:39,880 --> 00:18:41,440 Speaker 2: this is, you know how we always have a debate 359 00:18:41,480 --> 00:18:44,560 Speaker 2: in New Zealand do we charge enough of our foreign 360 00:18:44,600 --> 00:18:48,280 Speaker 2: tourists to see such beautiful things? You know, why aren't 361 00:18:48,280 --> 00:18:51,360 Speaker 2: we charging people to see the boulders for example? Well, 362 00:18:51,359 --> 00:18:53,879 Speaker 2: they're going to do it in Australia in Victoria. They 363 00:18:53,920 --> 00:18:56,439 Speaker 2: have a new visitor center coming. One hundred and fifty 364 00:18:56,520 --> 00:18:59,360 Speaker 2: million dollars they have spent on this visitor center, so 365 00:18:59,440 --> 00:19:03,440 Speaker 2: it's probably gold plated and it's opening by the end 366 00:19:03,440 --> 00:19:05,560 Speaker 2: of the year. They're going to charge people, they're not 367 00:19:05,640 --> 00:19:08,600 Speaker 2: quite sure yet how much. But when you look at 368 00:19:08,680 --> 00:19:10,960 Speaker 2: stories like that, is that going to put people off 369 00:19:11,040 --> 00:19:11,640 Speaker 2: going there? 370 00:19:12,160 --> 00:19:12,360 Speaker 8: No? 371 00:19:12,480 --> 00:19:14,120 Speaker 2: I mean people pay a lot of money to go 372 00:19:14,240 --> 00:19:16,399 Speaker 2: to a museum, don't they. You go see the mona 373 00:19:16,480 --> 00:19:19,199 Speaker 2: Lisa half smile while a whole bunch of tourist take 374 00:19:19,280 --> 00:19:22,000 Speaker 2: photos that you can barely see it. So why would 375 00:19:22,000 --> 00:19:23,800 Speaker 2: you not pay a few bucks to see some of 376 00:19:23,840 --> 00:19:27,240 Speaker 2: our beautiful landscapes and features in New Zealand. I think 377 00:19:27,280 --> 00:19:30,080 Speaker 2: they were twenty two to and the Aussies clearly think 378 00:19:30,160 --> 00:19:32,160 Speaker 2: so too. Twenty two to six pm. 379 00:19:32,320 --> 00:19:33,840 Speaker 5: Bridge to our. 380 00:19:33,720 --> 00:19:36,679 Speaker 2: Reporters around the country, starting with Jamie. Good morning, Jamie, 381 00:19:37,119 --> 00:19:40,040 Speaker 2: Good morning, Ryan. You've got a rear open ended jail 382 00:19:40,200 --> 00:19:41,840 Speaker 2: term there, yees. 383 00:19:42,000 --> 00:19:44,840 Speaker 9: So, police are pleased with the sentence handed down to 384 00:19:44,880 --> 00:19:48,040 Speaker 9: the man who attacked a student in her flat. Keith 385 00:19:48,080 --> 00:19:51,040 Speaker 9: wex Kens entered a Queen Street home in February last 386 00:19:51,119 --> 00:19:54,520 Speaker 9: year and sexually violated a young woman for about twenty minutes, 387 00:19:54,600 --> 00:19:57,959 Speaker 9: injuring her neck and wrists, and he's been previously jailed 388 00:19:57,960 --> 00:20:01,520 Speaker 9: for abusing children. Seven year old was sentenced to a 389 00:20:01,520 --> 00:20:04,840 Speaker 9: minimum term of seven years and three months before he 390 00:20:04,920 --> 00:20:08,640 Speaker 9: can go before the parole board. Detective Sergeant Reeseman Rowe 391 00:20:08,760 --> 00:20:11,520 Speaker 9: says this is a positive outcome for the victims as 392 00:20:11,560 --> 00:20:14,000 Speaker 9: this man caused harm to not only them but the 393 00:20:14,040 --> 00:20:14,960 Speaker 9: wider community. 394 00:20:15,720 --> 00:20:17,639 Speaker 2: How's your weather find them? 395 00:20:17,760 --> 00:20:20,480 Speaker 9: High cloud developing this evening Northeast leis in a. 396 00:20:20,440 --> 00:20:23,400 Speaker 2: High of eighteen nice one, Jamie, thank you, Good morning, Claire, 397 00:20:23,640 --> 00:20:25,560 Speaker 2: good morning. What's going on at the hospital? 398 00:20:26,040 --> 00:20:28,600 Speaker 10: Ah, what's not going on at christ Church Hospital? It's 399 00:20:28,800 --> 00:20:31,879 Speaker 10: pretty concerning May March and we're well ahead of the 400 00:20:32,160 --> 00:20:35,760 Speaker 10: winter bust. But we already have christ Church Hospital really 401 00:20:35,800 --> 00:20:39,120 Speaker 10: struggling today. We know that the neonatal Intensive Care unit 402 00:20:39,200 --> 00:20:42,359 Speaker 10: is bursting at the seams. This comes as the ED 403 00:20:42,840 --> 00:20:45,480 Speaker 10: saw an average of four hundred and twenty three patients 404 00:20:45,480 --> 00:20:48,400 Speaker 10: a day over the weekend. That's twenty two patients more 405 00:20:48,440 --> 00:20:51,760 Speaker 10: than the weekend before, and thirty five more compared to 406 00:20:51,840 --> 00:20:54,920 Speaker 10: the same time last year. We've spoken with nurses organization 407 00:20:55,040 --> 00:20:58,440 Speaker 10: delegates to al Diachen, who says it's not only emergency 408 00:20:58,440 --> 00:21:01,040 Speaker 10: department at christ Church Hospital there it can't keep up 409 00:21:01,040 --> 00:21:05,360 Speaker 10: with capacity. The neonatal Intensive care unit, where very unwell 410 00:21:05,480 --> 00:21:08,879 Speaker 10: or premature babies go, is also struggling. He says it 411 00:21:09,040 --> 00:21:11,400 Speaker 10: very much seems that Health New Zealand and the government 412 00:21:11,480 --> 00:21:14,240 Speaker 10: don't want to forward plan when it comes to public health. 413 00:21:14,359 --> 00:21:15,800 Speaker 10: We do have a call out with Health en z 414 00:21:15,920 --> 00:21:17,880 Speaker 10: but I'm still awaiting response right. 415 00:21:17,880 --> 00:21:19,400 Speaker 2: Hopefully that gives them the hurry along. 416 00:21:19,440 --> 00:21:23,119 Speaker 10: Hash Your weather clearing to fine early this morning, northeasterly 417 00:21:23,200 --> 00:21:25,360 Speaker 10: strong for Banks Peninsula and high eighteenth. 418 00:21:25,440 --> 00:21:28,440 Speaker 2: All right, thank very much, clear Max and Wellington morning, Max. 419 00:21:28,400 --> 00:21:28,919 Speaker 5: Good morning. 420 00:21:29,200 --> 00:21:30,640 Speaker 2: Tell us about your marble bust. 421 00:21:31,240 --> 00:21:34,879 Speaker 11: Yeah, So Victoria University has found itself in something of 422 00:21:35,240 --> 00:21:39,240 Speaker 11: a global antique drama. It owns a large marble bust 423 00:21:39,600 --> 00:21:43,280 Speaker 11: of a woman from Italy dating something around one hundred 424 00:21:43,320 --> 00:21:45,920 Speaker 11: to two hundred AD. Very proud of this artifact the 425 00:21:46,040 --> 00:21:48,080 Speaker 11: university purchased more than twenty years ago. 426 00:21:48,280 --> 00:21:49,960 Speaker 2: Turns out it's stolen loot. 427 00:21:50,800 --> 00:21:53,840 Speaker 11: It had previously been illegally dug up and traded on 428 00:21:53,880 --> 00:21:56,760 Speaker 11: the black market and somehow made its way to a 429 00:21:56,800 --> 00:22:00,840 Speaker 11: legal seller and then to Wellington. Yeah, twenty three years ago, 430 00:22:01,119 --> 00:22:05,280 Speaker 11: someone in Italy apparently recognized this thing, contacted Italian authorities. 431 00:22:05,480 --> 00:22:08,520 Speaker 11: Italian authorities matched an old polaroid they had of this 432 00:22:08,960 --> 00:22:11,680 Speaker 11: big old woman's head, and now the university is having 433 00:22:11,720 --> 00:22:15,160 Speaker 11: to ship it back. These polaroids, incidentally, are often taken 434 00:22:15,200 --> 00:22:19,080 Speaker 11: by criminal excavators when they do dig up artifacts that 435 00:22:19,160 --> 00:22:21,760 Speaker 11: aren't theirs to dig up, and these polaroids are often 436 00:22:21,760 --> 00:22:26,080 Speaker 11: what seized by authorities and authorities scan you know, global databases. 437 00:22:26,920 --> 00:22:30,960 Speaker 11: New Zealand signed up to these UNESCO rules established in 438 00:22:31,000 --> 00:22:34,919 Speaker 11: nineteen seventy regarding artifact repatriation in two thousand and seven, 439 00:22:35,160 --> 00:22:37,879 Speaker 11: so there is something of a global legal framework to 440 00:22:37,920 --> 00:22:40,800 Speaker 11: do this. They have to return it to Italy fascinating. 441 00:22:40,920 --> 00:22:43,080 Speaker 2: Do we know who it is or no? 442 00:22:43,280 --> 00:22:45,639 Speaker 11: Just it would have been a rich woman who paid 443 00:22:45,680 --> 00:22:48,800 Speaker 11: someone to make some oversized marble bust of her head. 444 00:22:53,080 --> 00:23:00,840 Speaker 11: All right, and it's going home mostly fine today with 445 00:23:00,960 --> 00:23:07,639 Speaker 11: later wins twenty. 446 00:23:04,680 --> 00:23:08,840 Speaker 12: There's probably someone really well known there in Italy, some rough. 447 00:23:09,160 --> 00:23:09,240 Speaker 10: Some. 448 00:23:10,800 --> 00:23:15,640 Speaker 2: Rendo. God. Everything he says is funny. It is neither 449 00:23:16,440 --> 00:23:20,280 Speaker 2: a new bait has been used to tickle the yellow leged. 450 00:23:20,680 --> 00:23:25,399 Speaker 2: This bloody hornets English horner just is not going anywhere. 451 00:23:26,040 --> 00:23:28,119 Speaker 12: So yes, this is an update, though I know that 452 00:23:28,160 --> 00:23:30,560 Speaker 12: you'd be wanting to hear about this, this new bait 453 00:23:31,560 --> 00:23:35,399 Speaker 12: Auckland's north shore. So what we can say is that 454 00:23:35,520 --> 00:23:39,080 Speaker 12: the biosecurity teams they're going to roll out. It's locally developed. 455 00:23:39,080 --> 00:23:42,199 Speaker 12: It's called vespects and it's there to assist with the 456 00:23:42,200 --> 00:23:45,800 Speaker 12: current EF. It's you know, to trap these pests. And 457 00:23:45,840 --> 00:23:48,280 Speaker 12: it's a bit like the drone thermal imaging. So it's 458 00:23:48,280 --> 00:23:51,080 Speaker 12: another one onto that. Now I'm being told that the 459 00:23:51,119 --> 00:23:53,960 Speaker 12: bait it won't harm native species. It's going to be 460 00:23:54,040 --> 00:23:57,080 Speaker 12: laid in the outer zone soon and then move into 461 00:23:57,160 --> 00:24:00,560 Speaker 12: those higher areas with the higher concentration of the hornets. 462 00:24:00,880 --> 00:24:05,120 Speaker 12: Mike Ingalls is the MPI North Commissioner. He says, look, 463 00:24:05,119 --> 00:24:09,000 Speaker 12: they're committed. They want to get this thing, you know, sorted. 464 00:24:09,240 --> 00:24:12,359 Speaker 12: And he says, since November apparently one hundred nests have 465 00:24:12,440 --> 00:24:14,800 Speaker 12: been found in that sinks and it's terrible. 466 00:24:14,880 --> 00:24:16,679 Speaker 2: They've got to find them and they've got to crush them, 467 00:24:16,680 --> 00:24:18,000 Speaker 2: and they've got to kill them and get rid of 468 00:24:18,000 --> 00:24:21,360 Speaker 2: them because they'll destroy well, they'll destroy honey. That's yes, 469 00:24:21,480 --> 00:24:23,919 Speaker 2: that's really bad. That's happened in Europe. So they've got 470 00:24:23,960 --> 00:24:24,439 Speaker 2: to get rid of them. 471 00:24:24,480 --> 00:24:25,199 Speaker 3: The've got to get rid of them. 472 00:24:25,280 --> 00:24:26,880 Speaker 2: Whatever they got to do, they got to get rid 473 00:24:26,880 --> 00:24:27,960 Speaker 2: of them. How's our weather? 474 00:24:28,119 --> 00:24:31,719 Speaker 12: Isolated chowers tuning to rain everywhere by the afternoon here 475 00:24:31,760 --> 00:24:33,720 Speaker 12: in Auckland. Twenty one is a high here in Auckland. 476 00:24:34,200 --> 00:24:35,840 Speaker 2: Do you know what we need to do is actually 477 00:24:36,520 --> 00:24:39,040 Speaker 2: is eyeball these things because every time at my house, 478 00:24:39,080 --> 00:24:42,320 Speaker 2: when I see even if it's a bee, it's a hornet. 479 00:24:42,359 --> 00:24:43,400 Speaker 2: It's one of those hornets. 480 00:24:43,480 --> 00:24:44,400 Speaker 3: You probably see a fly. 481 00:24:44,640 --> 00:24:48,640 Speaker 2: You go, there's I do, right? Thanks seventeen to six 482 00:24:48,680 --> 00:24:51,520 Speaker 2: News talks Bee Gavin Gray. Next News Talks to be 483 00:24:51,760 --> 00:24:54,199 Speaker 2: it is quarter to six. Ryan and New Zealand have 484 00:24:54,240 --> 00:24:57,560 Speaker 2: they not hedged their fuel position, fair rises and root 485 00:24:57,600 --> 00:25:01,600 Speaker 2: cuts coming suspiciously quicked during this crime. Yeah. This is 486 00:25:01,640 --> 00:25:04,600 Speaker 2: from Dan Morning. Dan. Yeah, apparently they did hedge, and 487 00:25:04,640 --> 00:25:06,720 Speaker 2: they do hedge obviously, but some of those have come 488 00:25:06,760 --> 00:25:10,320 Speaker 2: off just recently, so it's like bad timing. Bob says, 489 00:25:10,400 --> 00:25:13,120 Speaker 2: you need to be careful with tourist pricing. Ryan, this 490 00:25:13,160 --> 00:25:16,199 Speaker 2: is after what they're doing in Victoria with the twelve Apostles. 491 00:25:16,320 --> 00:25:18,879 Speaker 2: Very easy to price yourself out off the market. I 492 00:25:18,880 --> 00:25:21,840 Speaker 2: don't think we're even close to doing that yet, just personally. 493 00:25:22,280 --> 00:25:24,800 Speaker 2: And another from Grant. This is on the Christ. Gd's 494 00:25:24,880 --> 00:25:27,800 Speaker 2: really clear story, boozy place to go at the moment 495 00:25:27,800 --> 00:25:30,560 Speaker 2: the christ jut ged apparently, and you've got super Rugby 496 00:25:30,560 --> 00:25:33,560 Speaker 2: coming up. You've got the opening of the stadium, Edie, 497 00:25:33,520 --> 00:25:34,640 Speaker 2: you'll beginning a workout. 498 00:25:35,640 --> 00:25:39,520 Speaker 1: International correspondence with ends and eye insurance, peace of mind 499 00:25:39,560 --> 00:25:40,640 Speaker 1: for New Zealand business. 500 00:25:41,480 --> 00:25:44,359 Speaker 2: Volkswagen's going to cut fifty thousand jobs in Germany. Gavin 501 00:25:44,400 --> 00:25:47,240 Speaker 2: Gray are UK Europe correspondent with Uskevin, so what do 502 00:25:47,280 --> 00:25:47,520 Speaker 2: we know? 503 00:25:48,800 --> 00:25:51,359 Speaker 3: Yeah, this is an extensive bit of trimming of the 504 00:25:51,400 --> 00:25:54,959 Speaker 3: workforce and it is because the largest car maker in 505 00:25:55,000 --> 00:25:59,040 Speaker 3: Europe has seen its post tax profits fall by forty 506 00:25:59,280 --> 00:26:02,480 Speaker 3: four end in twenty twenty five, nearly a half in 507 00:26:02,680 --> 00:26:05,639 Speaker 3: cut it's going to fall. These cuts are going to 508 00:26:05,680 --> 00:26:09,080 Speaker 3: fall across the entire group, and that includes of course Volkswagen, 509 00:26:09,119 --> 00:26:13,040 Speaker 3: but Audi and Porsche as well. The profits are now 510 00:26:13,080 --> 00:26:16,000 Speaker 3: the lowest level since twenty sixteen. The firm reckons it'll 511 00:26:16,000 --> 00:26:19,640 Speaker 3: get back into profit next year, but not by very much. 512 00:26:19,640 --> 00:26:22,119 Speaker 3: So why is it having a tough time? Well, US 513 00:26:22,119 --> 00:26:26,680 Speaker 3: imports twenty five percent tariff on car imports. Donald Trump 514 00:26:26,720 --> 00:26:29,920 Speaker 3: slapped that on those, and then they've got very very 515 00:26:29,920 --> 00:26:33,040 Speaker 3: strong competition from China. And the problem with that is 516 00:26:33,480 --> 00:26:37,960 Speaker 3: China is selling more and more in Europe and Europe 517 00:26:38,000 --> 00:26:40,639 Speaker 3: is able to sell less and less in China. So 518 00:26:40,760 --> 00:26:44,480 Speaker 3: that's a real problem for Volkswagen. Plus high restructuring costs 519 00:26:44,480 --> 00:26:48,000 Speaker 3: as they look to shift from normal petrol and diesel 520 00:26:48,040 --> 00:26:49,600 Speaker 3: engines to electric vehicles. 521 00:26:49,640 --> 00:26:51,880 Speaker 2: And you've got not one but two navy vessels now 522 00:26:51,920 --> 00:26:53,160 Speaker 2: heading to the eastern mid. 523 00:26:54,240 --> 00:26:56,920 Speaker 3: Yes, I think this is clearly the criticism has stung 524 00:26:56,960 --> 00:27:00,840 Speaker 3: the government. Within the last hour, the British war HMS 525 00:27:00,920 --> 00:27:04,480 Speaker 3: Dragon has finally left Portsmouth. It's heading to Cypress. Of course, 526 00:27:04,520 --> 00:27:07,760 Speaker 3: Cypress is where there's an RAF base called at CRITERII, 527 00:27:08,280 --> 00:27:11,000 Speaker 3: and that the runway there was hit by a drone 528 00:27:11,040 --> 00:27:14,440 Speaker 3: from Iran more than a week ago, and it's taken 529 00:27:14,480 --> 00:27:16,640 Speaker 3: the government this long to get a ship on the way, 530 00:27:16,960 --> 00:27:20,080 Speaker 3: something which Donald Trump has scorned over the last few days. 531 00:27:20,760 --> 00:27:25,119 Speaker 3: But that is the first major warship in the Mediterranean 532 00:27:25,160 --> 00:27:28,159 Speaker 3: region from the Ran Navy. And also they're going to 533 00:27:28,200 --> 00:27:30,760 Speaker 3: be deploying another ship as well, they've announced that's been 534 00:27:30,760 --> 00:27:34,240 Speaker 3: announced today and our FA, a Royal Fleet Auxiliary, the 535 00:27:34,320 --> 00:27:37,639 Speaker 3: Lime Bay, is being prepared for deployment. That is very different. 536 00:27:37,720 --> 00:27:40,320 Speaker 3: It is not a type forty five destroyer like HMS 537 00:27:40,359 --> 00:27:43,399 Speaker 3: Dragon that first vessel I talked about. It's more of 538 00:27:43,480 --> 00:27:45,439 Speaker 3: a sort of supply ship, more of a ship to 539 00:27:45,520 --> 00:27:48,840 Speaker 3: help other ships get kitted out and get all the 540 00:27:48,840 --> 00:27:52,040 Speaker 3: stuff they need to be in place. So perhaps this 541 00:27:52,119 --> 00:27:55,760 Speaker 3: will dull some of that criticism about Secure Starmer's management 542 00:27:55,840 --> 00:27:58,320 Speaker 3: of the crisis in Iran. Others are saying it's far 543 00:27:58,359 --> 00:27:59,320 Speaker 3: too little, too late. 544 00:28:00,119 --> 00:28:03,080 Speaker 2: Gavin, appreciate your time, Gavin Gray are UK europe correspondent. 545 00:28:03,119 --> 00:28:06,400 Speaker 2: It is eleven away from six Brillant Bridge, so we've 546 00:28:06,400 --> 00:28:08,760 Speaker 2: got the COVID report Phase two. It's come out. Royal 547 00:28:08,800 --> 00:28:11,720 Speaker 2: Commission found Cabinet kept Auckland in a lockdown nearly a 548 00:28:11,760 --> 00:28:15,639 Speaker 2: week longer than Nashalley Bloomfield had advised, though Tippy is 549 00:28:15,680 --> 00:28:20,440 Speaker 2: now disputing the exact sequencing of that review. Also says 550 00:28:20,480 --> 00:28:23,680 Speaker 2: advice on vaccines for under eighteen's was missed. Matthew Hag 551 00:28:23,840 --> 00:28:26,280 Speaker 2: is a lawyer who defended the client who didn't want 552 00:28:26,440 --> 00:28:29,199 Speaker 2: a COVID JAB and joins us this morning. Good morning, Matthew, 553 00:28:29,760 --> 00:28:32,040 Speaker 2: good morning, Right. What's your reaction to the report. 554 00:28:33,720 --> 00:28:37,520 Speaker 6: It's well, I'm not really being surprised, to be honest. 555 00:28:37,640 --> 00:28:40,440 Speaker 6: The things that are in the report were being said 556 00:28:40,640 --> 00:28:44,640 Speaker 6: at the time by many people, and I think what's 557 00:28:44,800 --> 00:28:48,720 Speaker 6: disappointing is at the time those people who were saying 558 00:28:48,720 --> 00:28:52,360 Speaker 6: those things were ostracized by the government. They were inconsistent 559 00:28:52,400 --> 00:28:54,760 Speaker 6: with the one source of truth that the government were 560 00:28:55,080 --> 00:28:59,040 Speaker 6: putting out at that time and portrayed as these uncuring, 561 00:28:59,160 --> 00:29:01,959 Speaker 6: unthinking people. And the report, I think confirms that in 562 00:29:01,960 --> 00:29:03,400 Speaker 6: many aspects that's not the case. 563 00:29:03,640 --> 00:29:05,520 Speaker 2: Is this Are you talking about the second dose for 564 00:29:05,600 --> 00:29:07,960 Speaker 2: young people in the myocarditists risk, etc. 565 00:29:09,200 --> 00:29:11,520 Speaker 6: I am, And also I'm talking about aspects of the 566 00:29:11,560 --> 00:29:16,120 Speaker 6: mandates and the extended lockdown and testing problem is. 567 00:29:16,080 --> 00:29:18,400 Speaker 2: That we if we all have to agree on what 568 00:29:18,440 --> 00:29:21,560 Speaker 2: we do next time, is anyone going to agree on anything? 569 00:29:21,760 --> 00:29:23,720 Speaker 2: You know, Like, that's what it's saying that we should do, 570 00:29:23,840 --> 00:29:26,960 Speaker 2: is have some kind of plan. But then whatever plan 571 00:29:27,040 --> 00:29:28,920 Speaker 2: we come up with just get thrown out the window, 572 00:29:29,000 --> 00:29:29,440 Speaker 2: doesn't it. 573 00:29:30,240 --> 00:29:33,480 Speaker 6: That's exactly right. We had a pandemic emergency planned from 574 00:29:33,520 --> 00:29:36,560 Speaker 6: the nineties and that was thrown at the window. You're 575 00:29:36,600 --> 00:29:40,520 Speaker 6: absolutely right. Look, there's nothing to stop in future governments 576 00:29:40,520 --> 00:29:42,920 Speaker 6: from doing the same thing. But I think this report 577 00:29:43,040 --> 00:29:44,760 Speaker 6: is a good thing because it does shine the light 578 00:29:44,920 --> 00:29:47,760 Speaker 6: on some of those some of the flaws, and I 579 00:29:47,800 --> 00:29:51,400 Speaker 6: don't think people expect the section, but we need to 580 00:29:51,440 --> 00:29:54,720 Speaker 6: be introspective, we need to refect on things carefully. One 581 00:29:54,720 --> 00:29:57,360 Speaker 6: of the recommendations of the report is the introduction of 582 00:29:57,440 --> 00:30:02,080 Speaker 6: primary legislation to better protect rights in relations to some 583 00:30:02,160 --> 00:30:05,000 Speaker 6: of those mandates and interesting in lockdowns, and I think 584 00:30:05,040 --> 00:30:05,920 Speaker 6: that's a good idea. 585 00:30:06,000 --> 00:30:08,640 Speaker 2: There was also some interesting numbers in there about about 586 00:30:08,680 --> 00:30:12,680 Speaker 2: how many people didn't get the job and therefore lost 587 00:30:12,720 --> 00:30:16,760 Speaker 2: their job and that kind of drag on their employment. 588 00:30:16,880 --> 00:30:24,760 Speaker 6: Even today, there are teachers principles, Police officers, members of 589 00:30:24,880 --> 00:30:28,160 Speaker 6: the forces that are still without a job and we'll 590 00:30:28,160 --> 00:30:30,360 Speaker 6: probably never go back, which is really sad, not just 591 00:30:30,400 --> 00:30:34,160 Speaker 6: for them and their families, but for communities. And I 592 00:30:34,200 --> 00:30:37,080 Speaker 6: think we do need to affect as society on those 593 00:30:37,080 --> 00:30:39,840 Speaker 6: professions that we hold up highly as people who serve 594 00:30:39,880 --> 00:30:42,800 Speaker 6: our community, but we turn our backs on them when 595 00:30:43,280 --> 00:30:46,320 Speaker 6: they need society to protect them in their basic human rights. 596 00:30:46,680 --> 00:30:49,520 Speaker 2: Appreciate your time, Matthew. Matthew Hague, lawyer. He defended the 597 00:30:49,560 --> 00:30:51,640 Speaker 2: client who didn't want to covid JAB talking about the 598 00:30:51,680 --> 00:30:54,960 Speaker 2: report out yesterday, it is eight minutes away from six 599 00:30:55,040 --> 00:30:56,960 Speaker 2: News Talks mic is with us. 600 00:30:56,880 --> 00:31:00,320 Speaker 1: Next the first Word on the News of the Day 601 00:31:00,600 --> 00:31:04,800 Speaker 1: early edition with Ryan Bridge and One Route Love Where 602 00:31:04,840 --> 00:31:06,360 Speaker 1: You Live News Talks. 603 00:31:06,120 --> 00:31:08,640 Speaker 2: AB News Talks had be six minutes away from six 604 00:31:09,000 --> 00:31:12,200 Speaker 2: in New Zealand is reportedly, and we haven't actually had 605 00:31:12,240 --> 00:31:14,720 Speaker 2: this from them directly because they keep palming us off, 606 00:31:14,760 --> 00:31:17,600 Speaker 2: but reportedly their economy fears are going up by ten 607 00:31:17,640 --> 00:31:21,520 Speaker 2: dollars one way on domestic routes, twenty on short haul international, 608 00:31:22,080 --> 00:31:25,239 Speaker 2: and then up to ninety on long haul trips. This 609 00:31:25,320 --> 00:31:28,480 Speaker 2: is obviously to do with the price of aviation fuel 610 00:31:28,520 --> 00:31:32,320 Speaker 2: jet fuel, which is eighty five US dollars a barrel. 611 00:31:32,320 --> 00:31:34,520 Speaker 2: That's what they thought it would be and it surged 612 00:31:34,520 --> 00:31:36,320 Speaker 2: two one hundred and fifty to two hundred. Although he 613 00:31:36,320 --> 00:31:38,400 Speaker 2: has come back, as we heard from drain Em Andy 614 00:31:38,440 --> 00:31:41,560 Speaker 2: from Chathams this morning, it is well coming up to 615 00:31:41,880 --> 00:31:45,240 Speaker 2: five to six Bridge Bridge and Mike's in the studio 616 00:31:45,240 --> 00:31:46,640 Speaker 2: with us. Good morning, Mike morning. 617 00:31:46,720 --> 00:31:48,280 Speaker 5: Quantus has done the same thing. 618 00:31:48,520 --> 00:31:49,800 Speaker 2: Yeah, I know they're all doing it. 619 00:31:50,200 --> 00:31:50,960 Speaker 5: Well, why wouldn't you. 620 00:31:51,000 --> 00:31:53,280 Speaker 2: Did you see the Cafe Pacific flight that I heard 621 00:31:53,360 --> 00:31:53,800 Speaker 2: you talk. 622 00:31:53,680 --> 00:31:56,200 Speaker 4: About that they're an expensive airline at the best of time, 623 00:31:56,440 --> 00:31:59,200 Speaker 4: forty five grand. Yeah, I'm going to make going to 624 00:31:59,280 --> 00:32:02,280 Speaker 4: London was going through emmer Its first as in class 625 00:32:02,960 --> 00:32:05,080 Speaker 4: and so they canceled that obviously, and so they're going 626 00:32:05,120 --> 00:32:08,280 Speaker 4: business within New Zealand, Auckland, New York, New York, London, London, 627 00:32:08,320 --> 00:32:10,760 Speaker 4: back to America, so sort of around the world in business. 628 00:32:10,760 --> 00:32:12,280 Speaker 5: And that was thirty three thirty four. 629 00:32:12,600 --> 00:32:15,000 Speaker 2: Okay, and that was last minute that. 630 00:32:14,440 --> 00:32:16,400 Speaker 4: That was as in this week on next week, I 631 00:32:16,400 --> 00:32:18,719 Speaker 4: can't remember, And normally you do that for twelve or thirteen. 632 00:32:19,160 --> 00:32:21,239 Speaker 5: Yeah, so it's three times what it was. 633 00:32:21,520 --> 00:32:24,280 Speaker 2: But here's what could always fire economy. I suppose couldn't know. 634 00:32:24,320 --> 00:32:24,760 Speaker 2: You couldn't. 635 00:32:25,160 --> 00:32:27,880 Speaker 4: But here's the interesting thing about it. We know that 636 00:32:27,920 --> 00:32:30,640 Speaker 4: people will pay the price. No point complaining about it. Yeah, 637 00:32:30,760 --> 00:32:33,200 Speaker 4: most travel is discretionary. If you don't want to pay it, 638 00:32:33,240 --> 00:32:35,160 Speaker 4: don't go as simple as that. And what we've learned 639 00:32:35,160 --> 00:32:39,240 Speaker 4: post COVID is people will buy, literally, spend literally anything 640 00:32:39,240 --> 00:32:42,080 Speaker 4: to travel. They cannot spend enough money on travel, and 641 00:32:42,080 --> 00:32:43,920 Speaker 4: they've never spent more than they have at the front 642 00:32:43,920 --> 00:32:45,520 Speaker 4: of the plane. At the moment, the money being made 643 00:32:45,520 --> 00:32:47,640 Speaker 4: at the front of the plane is eyewatering. 644 00:32:48,440 --> 00:32:50,840 Speaker 2: Did you read that business test piece yesterday about they 645 00:32:50,840 --> 00:32:55,000 Speaker 2: should have a first class offering for Air New Zealand? 646 00:32:54,400 --> 00:32:57,480 Speaker 4: All that from me now? I said that two weeks ago. 647 00:32:58,360 --> 00:33:01,720 Speaker 4: This is a massive miss from a New Zealand. And 648 00:33:01,760 --> 00:33:03,640 Speaker 4: see we've got this thing in this country where. 649 00:33:03,640 --> 00:33:05,600 Speaker 2: Come a long way and then you pay so much 650 00:33:05,640 --> 00:33:08,200 Speaker 2: to stay here in a nice Queenstown. Couldn't agree more. 651 00:33:08,480 --> 00:33:10,840 Speaker 4: We've got this, this this little myopic view in New 652 00:33:10,920 --> 00:33:13,080 Speaker 4: Zealand that we don't like rich people, we don't like 653 00:33:13,120 --> 00:33:15,960 Speaker 4: the idea that people can afford first class. But just 654 00:33:16,040 --> 00:33:19,680 Speaker 4: look at look at Emirates look at Singapore, look at Ettyard, 655 00:33:19,880 --> 00:33:20,600 Speaker 4: look at Quitar. 656 00:33:20,800 --> 00:33:21,560 Speaker 5: They all offer. 657 00:33:23,000 --> 00:33:25,720 Speaker 2: Think that attitude is changing a little bit. Though. Now 658 00:33:25,760 --> 00:33:28,080 Speaker 2: we've got and do you know what's changing. It is 659 00:33:28,120 --> 00:33:30,440 Speaker 2: we've got the visas, and we've got these Americans coming, 660 00:33:30,440 --> 00:33:34,960 Speaker 2: and the Americans are buying large liberals. They're Democrats, they're 661 00:33:34,960 --> 00:33:35,800 Speaker 2: not Republicans. 662 00:33:36,120 --> 00:33:38,360 Speaker 4: And so Ford to fly first class doesn't mean you're 663 00:33:38,400 --> 00:33:41,520 Speaker 4: a conservative oil layhold, you know what I mean. But 664 00:33:41,880 --> 00:33:44,480 Speaker 4: that's what people think. That's right, and so so I 665 00:33:44,480 --> 00:33:46,960 Speaker 4: would like and we miss that. So your business, your 666 00:33:46,960 --> 00:33:50,480 Speaker 4: rejuve of the New zealand their business lucks. 667 00:33:50,640 --> 00:33:52,040 Speaker 5: Is first class light. 668 00:33:52,200 --> 00:33:54,800 Speaker 4: It's okay, but if you had a choice. 669 00:33:54,800 --> 00:33:56,640 Speaker 5: You'd fly another airline. Okay. 670 00:33:57,160 --> 00:33:59,520 Speaker 2: Anyway, this is all stuff that I have to look 671 00:33:59,560 --> 00:34:03,960 Speaker 2: forward to later in life. Desperation, desperational right there. 672 00:34:04,640 --> 00:34:07,400 Speaker 4: I would tell you that Chris Hipkins is on the program, 673 00:34:07,400 --> 00:34:08,719 Speaker 4: but I fear people turn off. 674 00:34:09,480 --> 00:34:11,560 Speaker 2: He may or may not be. See tomorrow. 675 00:34:13,080 --> 00:34:16,040 Speaker 1: For more from Early Edition with Ryan Bridge. Listen live 676 00:34:16,160 --> 00:34:19,160 Speaker 1: to News Talks. It'd be from five am weekdays, or 677 00:34:19,239 --> 00:34:21,160 Speaker 1: follow the podcast on iHeartRadio.