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Speaker 1: The issues, the interviews and the inside. Ryan Bridge new

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Speaker 1: for twenty twenty four on the early edition with Smith City,

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Speaker 1: New Zealand's furniture vans and a play at store US Talks.

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Speaker 2: It'd be good morning, everybody. It is six half to five.

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Speaker 2: Welcome to your Tuesday morning. Coming up at four six.

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Speaker 2: Want to buy shares in kiwibank while you might soon

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Speaker 2: be able to? Andrew Alderson on Liam Lawson that metal

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Speaker 2: finger Over the weekend, The Death of the Dairy? Is

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Speaker 2: it really happening? Why is the road told down? Why

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Speaker 2: is it zero? This weekend? I'll tell you my thoughts

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Speaker 2: on that. Plus Donor Demayo on the Hiker lost for

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Speaker 2: two weeks, written by a snake and survives.

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Speaker 1: The agenda.

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Speaker 2: It is Tunesday, the twenty ninth of October. Philadelphia's district

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Speaker 2: attorney is taking Elon Musk to court in an attempt

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Speaker 2: to stop his million dollar daily giveaway for registered voters.

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Speaker 2: He reckons it's an illegal and unregulated lottery, saying that

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Speaker 2: all lotteries in Pennsylvania must be run by the state.

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Speaker 2: Only registered voters who live in a swing state are

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Speaker 2: eligible to enter the random draw. So far, two people

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Speaker 2: of one a million bucks political backfire in Japan, the

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Speaker 2: Liberal Democracy Party has lost its majority in a snap

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Speaker 2: election called by the country's new prime minister. The party,

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Speaker 2: along with a coalition partner, won two hundred and fifteen seats,

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Speaker 2: lower than the two hundred and thirty three majority needed

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Speaker 2: to retain power.

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Speaker 3: I think the people of Japan are telling us to

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Speaker 3: reflect on what we have done and change ourselves to

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Speaker 3: better listen to the will of the people.

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Speaker 2: The new prime minister is not resigning, and I'll tell

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Speaker 2: you exactly what happens in a situation like that in

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Speaker 2: Japan where the party doesn't have a majority later in

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Speaker 2: the show. Lawmakers and Israeli voting on two bills today

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Speaker 2: that could see the United Nations Relief Agency restricted inside Israel.

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Speaker 2: If passed, Staff and aid that it proved would no

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Speaker 2: longer be allowed to travel through Israel when heading to

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Speaker 2: other parts of the Middle East. NATO has confirmed North

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Speaker 2: Korean troops have been assisting Russia with its war in Ukraine.

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Speaker 4: North Korean military units have been deployed to the Coursk region.

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Speaker 4: NATO calls from Russia and the de Perochi to seize

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Speaker 4: these actions immediately.

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Speaker 2: Putins spoke about the issue at the Brick Summit. We

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Speaker 2: obviously spoke about it last week, not confirming or denying

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Speaker 2: the use of North Korean troops, but saying it's Russia's

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Speaker 2: sovereign decision if it wants to use them.

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Speaker 1: Ryan Bridge You for twenty forty four on early edition

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Speaker 1: with Smith City, New Zealand's Furniture Beds and a Playing

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Speaker 1: Store News Talk zidby just.

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Speaker 2: Gone eight after five on your Tuesday morning. Immigration officials

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Speaker 2: are deciding whether to let Candice Owens into the country.

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Speaker 2: You might have seen this over the weekend. The Aussies

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Speaker 2: have said nope, we don't want you. Who is she?

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Speaker 2: She's American, she's right wing, She's a broadcaster, has about

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Speaker 2: eighteen million followers on social media apparently, and she has

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Speaker 2: questioned one of the reasons she's so controversial. She has

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Speaker 2: questioned some aspects of the Holocaust, but insists she's not

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Speaker 2: a Holocaust deny. She wants to come here on a

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Speaker 2: speaking to her, She needs a visa. And when the

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Speaker 2: immigration officials consider this, they look at a number of

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Speaker 2: things criminal convictions, good character, their previous deportation history. But

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Speaker 2: they must also determine whether she is a threat to

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Speaker 2: public order. Now, if people protest and go a bit feral,

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Speaker 2: as they did when Posy Parker came here. I remember

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Speaker 2: Posy Parker and people were throwing juice and going nuts.

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Speaker 2: Does that mean that others shouldn't be allowed to hear

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Speaker 2: their views in a democracy, If the threat of the

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Speaker 2: people who don't like you having a bit of a go,

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Speaker 2: having a crack, becoming violent potentially is enough to stop

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Speaker 2: somebody getting a visa, is that fear on those who

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Speaker 2: want to hear their views, no matter how out there, wacky,

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Speaker 2: bizarre those views might be. I won't be going to

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Speaker 2: hear her speak, But should the potential reaction of her

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Speaker 2: detractors really stop her supporters from having that same experience?

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Speaker 2: Nine two the numbers text ten after five, Ryan Bridge,

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Speaker 2: you should have seen this pole this morning in the Hero.

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Speaker 2: It's an ipsoft pole. It's found that apparently sixty five

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Speaker 2: percent of kiw support a capital gains tax in some form,

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Speaker 2: which I mean that's quite the qualifier as an in

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Speaker 2: some form, we essentially have a capital gains tax already

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Speaker 2: on investment properties the bright line test. The pole, however,

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Speaker 2: also says that labor is slowly winning back voters trust

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Speaker 2: on several key issues and closing the gap on national

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Speaker 2: with and others. Thirty percent of voters now think Labor

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Speaker 2: is the party best at dealing with inflation, up from

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Speaker 2: twenty three percent in February. What fallen over the same

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Speaker 2: period from thirty nine percent to thirty five percent? Do

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Speaker 2: we believe this really? Eleven After five News Talk ZIBB.

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Speaker 1: The first word on the News of the Day early

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Speaker 1: edition with Ryan Bridge and Smith City, New Zealand's Furniture

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Speaker 1: Beds and a playing Store News Talk ZIBB.

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Speaker 2: People are back to loving their quarter pounders in America.

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Speaker 2: You remember last week we reported on the coli outbreak

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Speaker 2: that killed one person and injured dozens. While they've resumed

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Speaker 2: their sales over the weekend of beef patties the cola

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Speaker 2: was founded in the testing so far has found the

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Speaker 2: results to be negative. There's shares still down seven and

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Speaker 2: a half percent McDonald's in America after the outbreak last

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Speaker 2: week fourteen after.

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Speaker 1: Five Bryan Bridge.

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Speaker 2: Retail advocates say the number of diaries in the country

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Speaker 2: is on the downward trend as supermarkets cantinue to monopolize

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Speaker 2: and retail crime continues the Ministry for Business, Innovation and

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Speaker 2: Employment says there are currently just seventeen hundred registered companies

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Speaker 2: classified as a dairy or a supret and that compares

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Speaker 2: to back in twenty eighteen, Retail New Zealand recording about

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Speaker 2: four thousand dairies and convenience stores around the country. Amory

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Speaker 2: Johnson is with retailing issues with US Live this morning. Amory,

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Speaker 2: good morning, We're in it. Great to have you on

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Speaker 2: the show. First of all, are these numbers actually reliable?

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Speaker 5: Well, it's the piece of research that Retailing Z is

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Speaker 5: about to carry out and update our twenty eighteen figures.

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Speaker 5: But certainly, on the face of it, it seems pretty likely.

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Speaker 5: We know that retail has been doing it tough no

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Speaker 5: matter what sector you're in, and so certainly, just looking

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Speaker 5: around the streets I reckon that. Yeah, we certainly know

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Speaker 5: that a number of dairies have closed.

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Speaker 2: Yeah, And the other thing I was thinking of, supermarkets

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Speaker 2: are cheaper, generally speaking, are cheaper than dairies, and in

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Speaker 2: a cost of living crisis, people are going for the

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Speaker 2: cheaper option.

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Speaker 5: Oh, absolutely, and they always have been. You know, dairies

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Speaker 5: have been great for just being able to pop in

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Speaker 5: and buy those extra a few bits and pieces, but

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Speaker 5: you do pay for the convenience.

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Speaker 2: Does it matter if dairies close? I mean, obviously it's

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Speaker 2: not great for someone like me who loves going there

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Speaker 2: for that reason. I hate going to the car park

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Speaker 2: and the supermarket and driving round and around and going

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Speaker 2: over the juddabars. But apart from that, does it actually

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Speaker 2: matter whether the supermarket retailers are doing well and the

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Speaker 2: deiries aren't.

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Speaker 6: Well?

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Speaker 5: I think it does. I think it does because you know,

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Speaker 5: people do love their dairies. But you know, like you say,

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Speaker 5: people shopping habits have changed, and if we want to

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Speaker 5: keep our dairies open then we need to support them.

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Speaker 5: But certainly dairies are a real focal point in the

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Speaker 5: community there. They're very handy to have.

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Speaker 2: Yeah, they definitely are a convenience thing, I think, Annory,

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Speaker 2: thank you very much for that. Anry Johnson, manager of Advocacy,

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Speaker 2: Advice and Comms at Retail end Z. Great to have

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Speaker 2: you on the program sixteen minutes after five. Does anyone

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Speaker 2: else here if they lose their dairy? Are you? Are

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Speaker 2: you a staunch supporter of your dairy? Do you make

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Speaker 2: a point of going in. I have quite a good

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Speaker 2: relationship with my local dairy, so I you know, I

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Speaker 2: would say we're friendly, and I enjoy going in to

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Speaker 2: have a chat, and I enjoy going in and stopping

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Speaker 2: to pick up some milk or whatever it is, and

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Speaker 2: it is way easier. The other thing that I haven't

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Speaker 2: mentioned is the bike lanes. Cycle lanes which have in

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Speaker 2: some places at least kind of put the kibosh on

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Speaker 2: people stopping and you know, get running into the dairy

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Speaker 2: for five minutes really quickly. Seventeen minutes after five, you're

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Speaker 2: on news Talk sa'd be Andrew Ortison next with Sport.

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Speaker 1: Get ahead of the Headlines, Ryan Bridge, You for twenty

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Speaker 1: twenty four on early edition with a City New Zealand's

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Speaker 1: furniture Beds and a Planet Store.

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Speaker 2: News Talk sa'd be nineteen after five. If you feel

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Speaker 2: like Christmas is getting earlier every single year, what you

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Speaker 2: are describing, what you're thinking about, is Christmas creep. It

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Speaker 2: is creeping up on us earlier and earlier. And the

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Speaker 2: Guardian has done some research to actually confirm this, so

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Speaker 2: they've said that the data supports the belief that Christmas

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Speaker 2: themed merchandise, songs and decorations are all appearing ahead of season,

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Speaker 2: they reckon. There's one Christmas market they looked at in

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Speaker 2: the UK in Birmingham, which starts on the first of November.

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Speaker 2: Used to start the first of December and every year

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Speaker 2: has crept forward ever so slightly. How can you start

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Speaker 2: a Christmas market on the first of November nineteen after

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Speaker 2: five and Bridge, I suppose you can. People go and

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Speaker 2: you sell stuff and want to.

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Speaker 6: Be hearing snoopies Christmas in November.

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Speaker 2: Ryan, not for me hearing that either.

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Speaker 6: Yeah, start of December maybe, yeah.

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Speaker 2: I think you can leave it to December. Apparently the

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Speaker 2: the music used to top the charts in the last

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Speaker 2: two weeks of December and now it's literally starting from

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Speaker 2: mid November, right black Caps in India.

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Speaker 7: Yeah, that was a phenomenal result and I mean it's

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Speaker 7: a few days afterwards now, is it, but worthy of

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Speaker 7: reflection in that I think it's one of New Zealand's

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Speaker 7: most historic cricket feats.

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Speaker 6: For my mind, it's a bit of a holy grail.

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Speaker 7: I mean, to win in India sixty nine years in

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Speaker 7: trying and then to just take a series there just

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Speaker 7: is to medicine and Mitchell Santner hats off. I mean

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Speaker 7: just thirteen wickets in the Test match by far and

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Speaker 7: away his most outstanding performance in the white at least

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Speaker 7: for New Zealand and India. Not beaten in the Test

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Speaker 7: series at home since twenty twelve. No Williamson, no Bolt

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Speaker 7: these days in the side or Williamson's out at the moment,

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Speaker 7: I just thought it was one for the ages.

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Speaker 2: Brilliant. Would it be like someone coming here and beating

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Speaker 2: the All Blacks Adhaton Park or something?

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Speaker 7: Yeah, yeah, it's a bit like I suppose Ireland coming

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Speaker 7: and winning a series against the All Blacks a few years.

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Speaker 2: Awoll, yes they did. All right, Well, that's great. You're

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Speaker 2: very toughed about this.

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Speaker 7: That's that's a bit of a highlight for US cricket

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Speaker 7: tragics out there.

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Speaker 2: Can I just bring up a point that's been bugging

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Speaker 2: me for the last week please? Last weekend everyone went

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Speaker 2: nuts and said this was the best weekend of New Zealand,

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Speaker 2: of sport for New Zealand ever. Yeah, wasn't that just

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Speaker 2: by chance that there were randomly all these finals we

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Speaker 2: were involved and on the same weekend?

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Speaker 6: Perhaps slight hyperbole right in the circus.

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Speaker 7: There's people, you know, touch this in the in the

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Speaker 7: now or just recency bias is how it's described.

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Speaker 2: It is.

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Speaker 6: It is because they've been plenty over the years. But

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Speaker 6: there was a good one.

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Speaker 2: I know it was good and I don't want to

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Speaker 2: take away.

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Speaker 6: From men or to burst the bubble.

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Speaker 2: No, but just you know, we're not comparing apples with apples.

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Speaker 2: It's not like we did well at the Olympics. That's

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Speaker 2: quite a you unmeasurable finite time with a number of

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Speaker 2: sports and that's you know, you can here year on years.

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Speaker 6: It was just an enjoyable time for sports fans to

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Speaker 6: be engaged. Yeah, across a number of codes.

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Speaker 2: Okay, all right, Liam Lawson, so he's given the middle finger.

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Speaker 7: I thought you probably struck struck a call with a

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Speaker 7: number of motorists there on any road in New Zealand

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Speaker 7: at any given time. I mean, what's your first reaction

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Speaker 7: when you are annoyed? I mean, I don't know. There's

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Speaker 7: a temptation to flip the bird, isn't it.

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Speaker 2: Yeah, there definitely is. Yes, I think you swear first.

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Speaker 7: Yeah, yeah, I was just quite I mean these guys, yeah,

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Speaker 7: you know, and you're going get threehundred k's or whatever,

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Speaker 7: your life slashing before your eyes, even if you're a

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Speaker 7: normal motorist in your life slashing before your eyes.

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Speaker 6: Yeah, there is that temptation, isn't it.

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Speaker 7: Well, you know I'm going to go down here, but yeah,

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Speaker 7: I'm going to flip the bird in the in the process.

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Speaker 2: So is he? Is he? He's doing all right though,

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Speaker 2: isn't he?

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Speaker 8: Yeah?

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Speaker 2: I think so.

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Speaker 7: I mean he's probably offended a few people with with

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Speaker 7: maybe he's been aggressive and he's been forthrighting. Is he's

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Speaker 7: got to push for for holding this Formula one seat

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Speaker 7: and he's going to fight for it, and therefore, yeah,

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Speaker 7: he's some raw reactions probably.

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Speaker 6: What you would expect those in those circumstances.

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Speaker 2: These Silver firms have won their Constellation Cup for the

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Speaker 2: third time in fourteen attempts they have.

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Speaker 7: I caught some of the back end of that. I

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Speaker 7: was astonished actually just how dominant they were over the Diamonds.

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Speaker 7: Given the backstory recent years, Diamonds World champions, et cetera.

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Speaker 7: This team has just turned around. They've lost a series

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Speaker 7: to England, they've turned around, they've won.

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Speaker 6: The Constellation Cup.

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Speaker 9: It was just.

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Speaker 6: Pretty much flaws.

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Speaker 7: I mean, they had they put the Australian goal shooting

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Speaker 7: attack under so much the shooting circle under attack, so

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Speaker 7: much pressure. Grayson Wecky was a star under the hoop,

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Speaker 7: but she was getting such brilliant ball from the mid court.

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Speaker 9: It was just.

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Speaker 7: Flying down their time after time and it was just

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Speaker 7: out and out dominance brilliantly.

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Speaker 2: Yeah, well done.

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Speaker 7: I mean, fourteen, eleven and eighteen goal victories are now

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Speaker 7: potentially a clean sweeper in Melbourne tomorrow.

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Speaker 2: Another great weekend of sport for years, right up there

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Speaker 2: with the would we call it the second best weekend

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Speaker 2: of sport new center Andrew Ortison, will well, just take

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Speaker 2: good sport full stop? All right, sounds good. Twenty four

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Speaker 2: minutes after five, You're on News Talks MB.

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Speaker 1: The early edition full the Show podcast on iHeartRadio. How

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Speaker 1: it by News Talks AB.

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Speaker 2: You're on News TALKSB. It's twenty six after five on

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Speaker 2: your Tuesday morning. And the road toll currently sitting at

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Speaker 2: zero for the long weekend. We are still technically in

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Speaker 2: the road toll period. It ends at six o'clock. Six

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Speaker 2: people died last Labor weekend, which is a tragedy the

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Speaker 2: road toll so far, and we hold out if you're

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Speaker 2: safe on the roads for the next half an hour.

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Speaker 2: It will be the lowest labor weekend toll since twenty

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Speaker 2: thirteen we've had when we had one death on the roads.

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Speaker 2: Why do we think this is? Why do we think

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Speaker 2: this has happened this particular weekend? Is it the road

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Speaker 2: to zero that the previous government introduced, Is that the

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Speaker 2: fact we've had some road upgrades, some potholes fixed potentially,

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Speaker 2: or is it just random stats? You know, we should

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Speaker 2: really be looking at annual averages, not weekend blips which

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Speaker 2: can jump around a bit, A bit like as I

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Speaker 2: was talking to Andrew Ordison about earlier, a bit like

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Speaker 2: our weekend of sport last weekend, which was a bit

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Speaker 2: of a con job. It just so happened we had

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Speaker 2: a bunch of sporting finals on the same weekend. It

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Speaker 2: wasn't like we were, you know, comparing apples with apples

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Speaker 2: like an Olympics tournament, was it?

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Speaker 4: So?

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Speaker 2: Was it one of those situations or and here's my theory.

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Speaker 2: We didn't really travel much this weekend. And this is

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Speaker 2: based on nothing other than my own experience, But I

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Speaker 2: was on Wahiki Island at the weekend, enjoying the long weekend.

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Speaker 2: Beaches were nowhere near as full as they would normally

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Speaker 2: be and this was on the good day when the

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Speaker 2: weather was nice. Restaurants same story. The wineries of vineyards

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Speaker 2: weren't as busy. Is the cost of living crisis affecting

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Speaker 2: our travel? I think it is. I think it's having

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Speaker 2: a big impact. Did you go away this weekend? Do

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Speaker 2: you pack the car, take the kids? Were you driving safely?

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Speaker 2: Was there lots of traffic? What was your experience? That

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Speaker 2: is one theory I have as to why our road

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Speaker 2: toll is currently sitting at zero twenty eight out of five.

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Speaker 2: Lots of feedback coming in on Christmas, Ryan, Good Morning,

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Speaker 2: Camart and Pottydoor had Christmas Carol's playing on Sunday? Ridiculous?

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Speaker 2: Cheers Chris. Apparently the Christmas Market starts at the ASB

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Speaker 2: Showground next weekend, sorry this weekend, which would be well

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Speaker 2: start in November, wouldn't it, Ryan, This is on Candace Owens.

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Speaker 2: The American right wing broadcast are quite controversial. Ryan. We

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Speaker 2: let Travis Scott in and he causes chaos and violence,

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Speaker 2: even deaths in the UK. We're hypocritical if we don't

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Speaker 2: meet her in, says Steve Ryan. I think Candace Owens

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Speaker 2: should be allowed to come her Instagram and I find

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Speaker 2: her mostly positive. Ryan. People are staying home this weekend

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Speaker 2: or like me, working and this one says Ryan, it's

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Speaker 2: because of the weather forecast. No one wanted to travel.

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Speaker 2: We called our golf weekend off because of the weather.

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Speaker 2: So therefore fewer cars on the roads. Is the numbers

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Speaker 2: text twenty nine minutes after five, we're looking at kiwibank

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Speaker 2: whether you could buy shares in it one day soon.

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Speaker 1: On your radio and online on iHeartRadio Early edition with

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Speaker 1: Ryan Bridge and Smith City, New Zealand's Furniture Beds and

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Speaker 1: applying store news talk z be.

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Speaker 2: Good Morning, New Zealand, welcome to your Tuesday. Inside the

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Speaker 2: next twenty five minutes, Donna Tomorrow out of Australia and

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Speaker 2: key we Bank. Could it be heading for an IPO.

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Speaker 2: We'll look at that as well. Joe Biden has just

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Speaker 2: cast his vote, his early vote in the US election

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Speaker 2: in Delaware. That is news just coming to hand right now.

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Speaker 2: I wonder who he voted for, Teddy. What's interesting. Over

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Speaker 2: the weekend, Trump held this rally, this huge rally at

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Speaker 2: Madison Square Garden in New York City, and people were saying,

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Speaker 2: why would you go to Madison Square Garden in New

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Speaker 2: York City when you should be campaigning in the swing states.

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Speaker 2: There are eight days to go in this election. Apparently

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Speaker 2: it was all to do with fundraising, so he sold

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Speaker 2: seats a super maga experience for a million dollars a pop.

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Speaker 2: This is all about raising money which they can then

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Speaker 2: use to feed into advertising in the swing states in

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Speaker 2: the final days. So quite a clever strategy, you might say. However,

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Speaker 2: what wasn't clever was getting sky Tony Hinchcliffe, the comedian

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Speaker 2: so called comedian on to do his jokes.

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Speaker 5: There's literally a floating island of garbage in the middle

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Speaker 5: of the ocean right now.

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Speaker 10: Yeah, I think it's called Puerto Rico.

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Speaker 2: The reason that is not funny is because and wasn't

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Speaker 2: funny to a lot of Republicans is because this is

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Speaker 2: a very very tight race, and Pennsylvania is the king

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Speaker 2: of the swings. It's worth the most Electoral College votes,

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Speaker 2: it's crucial. Biden won that by eighty one thousand votes

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Speaker 2: in twenty twenty. Trump won it by just forty four

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Speaker 2: thousand votes in twenty sixteen. Guess how many Latinos live

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Speaker 2: in Pennsylvania. Six hundred thousand Latinos. Half of those three

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Speaker 2: hundred thousand are Puerto Ricans. Is this the time to

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Speaker 2: be pissing off Puerto Ricans? No, So that's why they're

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Speaker 2: so upset. It is twenty two away from.

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Speaker 1: Six Brian Bridge.

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Speaker 2: We're going to our reporters around the country Courtney winter

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Speaker 2: with our Dunedin us this morning, Courtney drinking rules. There

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Speaker 2: might be in for a shakeup.

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Speaker 8: Yeah.

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Speaker 11: The city council is proposing adjustments to its local alcohol

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Speaker 11: policy to ensure nightlife doesn't come at the expense of

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Speaker 11: community safety and well being. It says the changes they're

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Speaker 11: proposing will be minor, but include important updates to the

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Speaker 11: current policy. Alterations include limiting late night alcohol purchases, standardizing

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Speaker 11: trading hours for late night venues, and restricting alcohol promotions

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Speaker 11: off license outlets. The consultation period wraps up in just

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Speaker 11: over a fortnight. All Right, has the weather today but cloudy,

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Speaker 11: A few spots of rain from this afternoon clearing to

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Speaker 11: find this evening a few light winds, a heighth of

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Speaker 11: fourteen brilliant.

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Speaker 2: Have a great day clears in christ Church this morning clear,

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Speaker 2: good morning to you. An adult playground is going to open.

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Speaker 2: What is an adult playground.

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Speaker 12: I knew you'd like this one, Ryan, Ninja Valley christ

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Speaker 12: Church is the adult player we're talking about. It's officially

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Speaker 12: got its final building consent from the council down here. Now,

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Speaker 12: this is going to be the biggest indoor adventure park

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Speaker 12: in the country. To give you an idea of a size,

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Speaker 12: it's in an old warehouse store at the Bush And

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Speaker 12: Shopping Center near Rickittson. The co owner and chief Ninja

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Speaker 12: Grant Buzaval, says he's fizzing to be in this position.

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Speaker 12: He says they're moving into an intensive period now to

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Speaker 12: finalize the fit out, as well as launched the website

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Speaker 12: and to conduct some job offers and training of staff.

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Speaker 12: Busaval says they hope to have an opening date by

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Speaker 12: the end of November.

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Speaker 2: You can come, Ryan, What do you actually do there? Well,

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Speaker 2: it's like.

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Speaker 12: It's like chipmunks, but for adults. It's huge and there's

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Speaker 12: swings and trampolines and it looks amazing.

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Speaker 3: Check it out on Facebook.

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Speaker 2: Oh okay, all right, well, have a look. How's the

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Speaker 2: weather clear?

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Speaker 12: Oh, it might be good for an indoor playground today, cloudy,

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Speaker 12: bit of rain from late morning, possibly heavy northeasterlies at

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Speaker 12: a high of fourteen brilliant.

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Speaker 2: Thank you. Azaria. Hell is with us in Wellington this morning.

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Speaker 2: Max is obviously slept in or something. Sarry A good morning.

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Speaker 8: Here, Yah, I know you missed, sim I'm sorry.

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Speaker 2: No, I'm well Saria. You will do just fine. Thank you. Hey.

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Speaker 2: This first pace to face meeting of the council happening

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Speaker 2: today after the government's intervention.

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Speaker 8: Yeah, another big day at Wellington City Council. City councilors

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Speaker 8: are meeting publicly for the first time today since the

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Speaker 8: Government decided it would appoint a Crown Observer. Now they've

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Speaker 8: previously only met behind closed doors, but this morning's Long

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Speaker 8: Term Plan, Finance and Performance Committee meeting is open to

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Speaker 8: the public. Of course, newstalksz'b. We will be there. The

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Speaker 8: first item on the agenda cuts to the chase Counselors

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Speaker 8: considering the process for big spending cuts and how to

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Speaker 8: salvage its long term plan a ten year budget, which

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Speaker 8: is a bit up in the air. Counselors had to

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Speaker 8: go back to the drawing board following a decision to

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Speaker 8: stop the controversial sale of its thirty four percent share

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Speaker 8: in the Airport. Local government Minister Simeon Brown last week

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Speaker 8: saying he's waiting on a vice over who will be

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Speaker 8: that crown observer?

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Speaker 2: All right, how's your weather today for that meeting?

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Speaker 8: Yeah, a rainy day on the cards. As we say,

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Speaker 8: it could be a good day for an indoor playground,

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Speaker 8: perhaps showers arriving late morning, turning to rain for a

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Speaker 8: time late afternoon or evening, possibly heavy and northwest ly

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Speaker 8: is becoming strong this morning.

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Speaker 2: Those Wellington City Council chambers are essentially an adult playground

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Speaker 2: at this point. Nevas in Auckland, Hey.

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Speaker 3: Never greetings greeting.

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Speaker 2: Water Care is getting on top of those pipes.

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Speaker 3: Yes, now look that Apparently water Care is saving about

438
00:23:34,080 --> 00:23:37,679
Speaker 3: seven million liters of water a day in Auckland. So

439
00:23:38,080 --> 00:23:41,879
Speaker 3: the water organization has been running its targeted network improvement program.

440
00:23:42,440 --> 00:23:44,480
Speaker 3: This program just hones in on all the leaks and

441
00:23:44,560 --> 00:23:47,360
Speaker 3: the water pressure issues around the neighborhoods here in Auckland,

442
00:23:47,640 --> 00:23:51,480
Speaker 3: constantly monitoring the flow levels, looking for any unusual spikes

443
00:23:51,640 --> 00:23:53,600
Speaker 3: so teams can get in there and fix it before

444
00:23:53,600 --> 00:23:57,479
Speaker 3: they get worse. Dave Moore, he's the Smart System's manager.

445
00:23:57,520 --> 00:24:00,520
Speaker 3: He says they've stopped half a million leads of water

446
00:24:00,560 --> 00:24:04,080
Speaker 3: loss per day. This isn't Western Mangody alone, So that's

447
00:24:04,080 --> 00:24:06,560
Speaker 3: got to be good news, better than Wellington. Can we

448
00:24:06,560 --> 00:24:07,400
Speaker 3: say that, Yeah, we.

449
00:24:07,359 --> 00:24:10,119
Speaker 2: Can say that, I Watson, do you think that that

450
00:24:10,119 --> 00:24:11,919
Speaker 2: the seven million letters is a lot of water to

451
00:24:11,920 --> 00:24:14,240
Speaker 2: save a day? And you know how they run those campaigns?

452
00:24:14,280 --> 00:24:15,240
Speaker 2: Have a shorter shower?

453
00:24:15,400 --> 00:24:15,600
Speaker 8: Yes?

454
00:24:15,640 --> 00:24:17,920
Speaker 2: I wonder how much that camp You know, us having

455
00:24:17,920 --> 00:24:21,280
Speaker 2: a shorter shower saves versus them fixing leaky pints.

456
00:24:21,320 --> 00:24:22,920
Speaker 10: Well, yes, do you have shorter showers?

457
00:24:23,160 --> 00:24:23,560
Speaker 2: No?

458
00:24:23,560 --> 00:24:24,560
Speaker 3: No, I don't know.

459
00:24:24,720 --> 00:24:27,600
Speaker 2: But what terrible. How's the weather today?

460
00:24:27,920 --> 00:24:31,359
Speaker 3: Okay, the weather weather weather cloudy. We've got isolated showers

461
00:24:31,359 --> 00:24:34,280
Speaker 3: tuning in to rain for a time this evening, possibly heavy, heavy,

462
00:24:34,320 --> 00:24:36,879
Speaker 3: but still warm. Twenty one is the high here in Auckland.

463
00:24:36,960 --> 00:24:39,439
Speaker 2: Brilliant. Neither think you have a fantastic day. It is

464
00:24:39,480 --> 00:24:42,919
Speaker 2: seventeen away from six News Talks Big. Because I know

465
00:24:43,000 --> 00:24:44,800
Speaker 2: you just can't get enough of me, I want to

466
00:24:44,840 --> 00:24:47,800
Speaker 2: tell you about an exciting new project that's just been launched.

467
00:24:47,840 --> 00:24:51,840
Speaker 2: I'm hosting a weekly podcast called Bridge Talks Business with Milford.

468
00:24:52,200 --> 00:24:54,480
Speaker 2: Each episode, I'll be getting together with a member of

469
00:24:54,560 --> 00:24:58,400
Speaker 2: Milford's team of leading analysts. Fund managers and financial experts

470
00:24:58,560 --> 00:25:01,400
Speaker 2: for a look at the week's biggest business stories. It's

471
00:25:01,400 --> 00:25:03,280
Speaker 2: a time of financial turbulence, as you will know, with

472
00:25:03,359 --> 00:25:06,680
Speaker 2: the global economy and transition. Inflation looks to be declining

473
00:25:06,680 --> 00:25:10,440
Speaker 2: in many countries, but volatility remains. So why is it happening,

474
00:25:10,760 --> 00:25:13,160
Speaker 2: what can be done about it? And where are things heading.

475
00:25:13,400 --> 00:25:15,399
Speaker 2: We'll look at the data, work out what we can

476
00:25:15,480 --> 00:25:18,239
Speaker 2: learn from market history, and ask the hard questions. This

477
00:25:18,280 --> 00:25:21,600
Speaker 2: will be your go to for expert insights on the markets,

478
00:25:21,640 --> 00:25:25,159
Speaker 2: business and the economy, both here and overseas. Join me

479
00:25:25,320 --> 00:25:28,200
Speaker 2: for Bridge Talks Business with Milford. Subscribe on iHeart or

480
00:25:28,240 --> 00:25:30,800
Speaker 2: wherever you get your podcasts. See you don't miss an episode.

481
00:25:30,880 --> 00:25:33,639
Speaker 2: All discussions are informational only and should not be considered

482
00:25:33,640 --> 00:25:34,439
Speaker 2: financial advice.

483
00:25:35,040 --> 00:25:38,920
Speaker 1: International correspondence with Ends and Eye Insurance Peace of Mind

484
00:25:38,960 --> 00:25:40,040
Speaker 1: for New Zealand Business.

485
00:25:40,680 --> 00:25:43,480
Speaker 2: Don jer Mayo is our Australia correspondent with us This morning, Donner,

486
00:25:43,480 --> 00:25:47,520
Speaker 2: Good morning to you. Thousands of retail jobs set to disappear.

487
00:25:47,600 --> 00:25:48,199
Speaker 2: What's going on?

488
00:25:48,800 --> 00:25:49,080
Speaker 10: Oh?

489
00:25:49,119 --> 00:25:52,480
Speaker 13: Well, this is terrible news because a major fashion retailer

490
00:25:52,640 --> 00:25:55,199
Speaker 13: looks like it's a well teetering on the brink of

491
00:25:55,240 --> 00:25:58,560
Speaker 13: going broke basically, so it's been placed under voluntary administration.

492
00:25:58,680 --> 00:25:59,960
Speaker 10: So the company called Mosaic.

493
00:26:00,480 --> 00:26:03,479
Speaker 13: It does run quite a number of long established fashion

494
00:26:03,480 --> 00:26:07,919
Speaker 13: stores across Australia. We're talking Miller's, Rivers, Katie's and nony

495
00:26:08,000 --> 00:26:10,960
Speaker 13: B and it is going to continue to trade in

496
00:26:11,000 --> 00:26:14,000
Speaker 13: the lead up to Christmas, we're being told, but administrators

497
00:26:14,119 --> 00:26:16,240
Speaker 13: have been brought in to look into the business.

498
00:26:16,520 --> 00:26:18,440
Speaker 10: This could impact about.

499
00:26:18,119 --> 00:26:21,120
Speaker 13: Two hundred and fifty jobs at head office in Sydney,

500
00:26:21,320 --> 00:26:25,560
Speaker 13: but also two and a half thousand jobs across the nation.

501
00:26:25,800 --> 00:26:28,320
Speaker 13: So dreadful news and the lead up to Christmas for

502
00:26:28,600 --> 00:26:29,480
Speaker 13: a lot of people who.

503
00:26:29,400 --> 00:26:31,600
Speaker 10: Don't know if they'll have a job afterwards.

504
00:26:31,800 --> 00:26:36,000
Speaker 13: But the company says well, voluntary administration was unfortunately the

505
00:26:36,000 --> 00:26:40,040
Speaker 13: most appropriate way to try to restructure. So they're hanging

506
00:26:40,080 --> 00:26:43,439
Speaker 13: on for dear life but not sure what the future holds.

507
00:26:43,560 --> 00:26:44,600
Speaker 13: For lots of people.

508
00:26:44,680 --> 00:26:47,399
Speaker 2: It's hard out there, double whammy of cost of living

509
00:26:47,720 --> 00:26:51,600
Speaker 2: and the move to online shopping. Hey, what is happening?

510
00:26:51,640 --> 00:26:55,639
Speaker 2: This story fascinates me. This woman is bitten by a snake.

511
00:26:56,240 --> 00:27:00,720
Speaker 2: She's missing and the bush for nearly two weeks and survives.

512
00:27:01,200 --> 00:27:04,040
Speaker 13: It's extraordinary and what a relief for all the people

513
00:27:04,080 --> 00:27:07,399
Speaker 13: that were out there searching for her and for Lovisa Schoburg,

514
00:27:07,880 --> 00:27:10,520
Speaker 13: a woman who moved to Australia from Sweden about twenty

515
00:27:10,560 --> 00:27:13,240
Speaker 13: years ago. Then she moved to the Rugged Snowy Mountains

516
00:27:13,240 --> 00:27:16,720
Speaker 13: in twenty eighteen. She loves to photograph wild horses out there.

517
00:27:17,040 --> 00:27:20,800
Speaker 13: So she was lost in the Kosiosco National Park for

518
00:27:20,840 --> 00:27:22,440
Speaker 13: that amount of time extraordinary, But.

519
00:27:22,440 --> 00:27:26,040
Speaker 10: She's been found. She's a forty eight year old woman who.

520
00:27:26,600 --> 00:27:31,160
Speaker 13: Did get bitten by apparently a copperhead snake, which is venomous,

521
00:27:31,880 --> 00:27:35,639
Speaker 13: and then four days later she was found. After that bite,

522
00:27:35,920 --> 00:27:38,439
Speaker 13: she's also rolled at ankle, she's dehydrated, but she's in

523
00:27:38,480 --> 00:27:40,040
Speaker 13: hospital now in a stable condition.

524
00:27:40,600 --> 00:27:42,800
Speaker 10: One searcher said it was like looking.

525
00:27:42,520 --> 00:27:45,359
Speaker 13: For, as they put it, a pinhead in a haystack.

526
00:27:45,840 --> 00:27:48,280
Speaker 10: But they did find her. Very very lucky to be alive,

527
00:27:48,320 --> 00:27:49,040
Speaker 10: That's what I'm saying.

528
00:27:49,200 --> 00:27:52,720
Speaker 2: Yeah, very lucky. Indeed, great ending to that story, Donna,

529
00:27:52,760 --> 00:27:55,320
Speaker 2: thank you very much for that. Donald Demorrow, our Australia correspondent.

530
00:27:55,400 --> 00:27:57,960
Speaker 2: She is a story in the US media today about

531
00:27:57,960 --> 00:28:00,760
Speaker 2: a guy who went missing for thirty days in the

532
00:28:00,800 --> 00:28:04,000
Speaker 2: bush and in a national park in America, and he

533
00:28:04,040 --> 00:28:06,840
Speaker 2: was eating berries and you know, whatever water he could

534
00:28:06,880 --> 00:28:09,399
Speaker 2: find off leaves and stuff. And he said he was

535
00:28:09,440 --> 00:28:14,520
Speaker 2: about to give up and like literally within hours or

536
00:28:14,560 --> 00:28:17,280
Speaker 2: a day of death. And he decided to do one

537
00:28:17,400 --> 00:28:22,959
Speaker 2: last scream screams, and the park rangers happened to be

538
00:28:23,000 --> 00:28:27,199
Speaker 2: walking past in a track nearby, run to his rescue,

539
00:28:27,240 --> 00:28:29,159
Speaker 2: save him. He's alive today, live.

540
00:28:29,040 --> 00:28:31,159
Speaker 1: In to six Crying Bridge.

541
00:28:31,400 --> 00:28:33,840
Speaker 2: Anyone want to buy shears and Kibi Bank, you may

542
00:28:33,960 --> 00:28:36,639
Speaker 2: soon get the chance. Three options are on the table

543
00:28:36,680 --> 00:28:39,200
Speaker 2: for the government to increase Kibi Bank's capital and increase

544
00:28:39,240 --> 00:28:43,080
Speaker 2: its competitiveness with the big banks, increasing government debt, third

545
00:28:43,120 --> 00:28:46,360
Speaker 2: party investment and putting it on the enz X are

546
00:28:46,400 --> 00:28:49,760
Speaker 2: all options for the Finance minister. According to advice released

547
00:28:50,120 --> 00:28:53,840
Speaker 2: over the weekend from Treasury, which one is best? David

548
00:28:53,840 --> 00:28:56,560
Speaker 2: Tripp is Massia University's banking expert. He's with us Live

549
00:28:56,600 --> 00:29:00,400
Speaker 2: this morning. Good morning, good morning, right to have you

550
00:29:00,480 --> 00:29:04,520
Speaker 2: on the program. David, tell us which one you think

551
00:29:04,600 --> 00:29:05,000
Speaker 2: is best?

552
00:29:06,600 --> 00:29:13,400
Speaker 9: Well, they all have their challenges. If the government raises

553
00:29:13,440 --> 00:29:16,000
Speaker 9: some additional funds on the market and pumps it in directly,

554
00:29:16,400 --> 00:29:23,880
Speaker 9: that's probably the most straightforward because it's it doesn't require

555
00:29:23,920 --> 00:29:30,720
Speaker 9: the involvement of anybody else to make a contribution. The

556
00:29:32,120 --> 00:29:34,920
Speaker 9: government is raising their debt funding all the time, and

557
00:29:35,000 --> 00:29:37,000
Speaker 9: it will just be sort of a part of the

558
00:29:37,040 --> 00:29:44,320
Speaker 9: debt funding they were raising. As to the crown controlled

559
00:29:44,400 --> 00:29:49,080
Speaker 9: organizations can involve. We did previously have super Fund and

560
00:29:49,120 --> 00:29:54,800
Speaker 9: the ACC investing in Kiewi Bank. They were unhappy with

561
00:29:54,960 --> 00:30:00,600
Speaker 9: the returns they earned and that's why last year they

562
00:30:00,720 --> 00:30:04,719
Speaker 9: managed to exit because they were happy with that. And

563
00:30:04,760 --> 00:30:08,960
Speaker 9: the similar issues apply with an inded X listing or

564
00:30:11,320 --> 00:30:16,120
Speaker 9: other private parties getting involved. The returns are not especially

565
00:30:16,120 --> 00:30:19,200
Speaker 9: good and that's one of the big challenges to floating

566
00:30:19,800 --> 00:30:22,080
Speaker 9: Ewbank on the as an IPI.

567
00:30:23,200 --> 00:30:25,640
Speaker 2: Why their return is not good when the Aussie ones

568
00:30:25,880 --> 00:30:26,520
Speaker 2: appear to be.

569
00:30:28,880 --> 00:30:32,000
Speaker 9: The biggest problem is actually the matter of scale and

570
00:30:32,120 --> 00:30:36,520
Speaker 9: the cost of regulation and technology. What we actually see

571
00:30:36,680 --> 00:30:42,120
Speaker 9: is that all of the smaller banks struggle to earn

572
00:30:42,160 --> 00:30:44,680
Speaker 9: the sorts of returns being earned by the large banks,

573
00:30:45,280 --> 00:30:52,680
Speaker 9: and it's very much a consequence of the of the

574
00:30:52,840 --> 00:31:01,000
Speaker 9: costs of regulation and technology. If we go back twenty years,

575
00:31:01,040 --> 00:31:06,120
Speaker 9: tsb's costs were very much comparable with the all large

576
00:31:06,120 --> 00:31:12,080
Speaker 9: Australian banks. That has stopped being the case, and the

577
00:31:13,120 --> 00:31:15,720
Speaker 9: big Gussie banks now have a big advantage in terms

578
00:31:15,720 --> 00:31:16,160
Speaker 9: of costs.

579
00:31:16,760 --> 00:31:20,520
Speaker 2: So in trying to solve the big bank profit problem,

580
00:31:20,720 --> 00:31:23,840
Speaker 2: we are looking at a whole range of regulations that

581
00:31:24,960 --> 00:31:28,840
Speaker 2: could that perversely actually make the problem worse for the

582
00:31:28,840 --> 00:31:29,800
Speaker 2: smaller banks.

583
00:31:30,680 --> 00:31:35,160
Speaker 9: Well, we're putting additional regulations in place. Is not really

584
00:31:35,160 --> 00:31:38,280
Speaker 9: going to improve anything, I don't think. On the other hand,

585
00:31:39,120 --> 00:31:41,200
Speaker 9: we don't really want to have small banks there that

586
00:31:41,320 --> 00:31:46,520
Speaker 9: are subject to less regulation because that increases the risk

587
00:31:46,680 --> 00:31:50,120
Speaker 9: of problems going wrong with them. So it's a bit

588
00:31:50,120 --> 00:31:52,720
Speaker 9: of a challenge working out how we're going to solve

589
00:31:52,800 --> 00:31:53,400
Speaker 9: this problem.

590
00:31:53,600 --> 00:31:56,960
Speaker 2: David Tripe, Massi University Banking Expert, really appreciate your time

591
00:31:57,000 --> 00:32:00,920
Speaker 2: this morning. It is seven away from Sex News talksb News.

592
00:32:00,600 --> 00:32:03,520
Speaker 1: And Views you trust to start your day. It's early

593
00:32:03,680 --> 00:32:07,320
Speaker 1: edition with Ryan Bridge and Smith City, New Zealand's furniture

594
00:32:07,360 --> 00:32:08,600
Speaker 1: beds and a flying store.

595
00:32:08,800 --> 00:32:11,720
Speaker 2: News Talk said be five to six. The Labour weekend

596
00:32:11,800 --> 00:32:14,920
Speaker 2: road toll sitting at zero. I reckon it's because no

597
00:32:14,960 --> 00:32:17,680
Speaker 2: one went away this weekend because they can't afford to Ryan.

598
00:32:18,080 --> 00:32:20,640
Speaker 2: We can't afford to go away, so we didn't. Ryan.

599
00:32:20,640 --> 00:32:22,440
Speaker 2: I live in a holiday town in the far north.

600
00:32:22,480 --> 00:32:25,240
Speaker 2: It was dead. Labour weekend is usually the taster to

601
00:32:25,240 --> 00:32:27,760
Speaker 2: get us out of the winter slump. It was just dead,

602
00:32:27,960 --> 00:32:30,720
Speaker 2: very sad. Lots of other text to that effect as well.

603
00:32:30,800 --> 00:32:32,920
Speaker 2: Mike is here with us this morning. Good morning, Julie

604
00:32:32,960 --> 00:32:33,600
Speaker 2: and Jeners.

605
00:32:33,840 --> 00:32:38,120
Speaker 14: Road to zero finally worked get her on the program

606
00:32:38,440 --> 00:32:40,560
Speaker 14: gradulately that there it was, that's how you do it.

607
00:32:40,600 --> 00:32:42,360
Speaker 14: You stay at home. Funnily enough, where we go in

608
00:32:42,440 --> 00:32:46,200
Speaker 14: the country absolutely jammed, as in like ridiculous, as in

609
00:32:46,320 --> 00:32:47,000
Speaker 14: like what happened?

610
00:32:47,080 --> 00:32:50,160
Speaker 2: But where you go without saying where it is is

611
00:32:50,880 --> 00:32:53,080
Speaker 2: quite accessible, isn't it. I mean, if for a day

612
00:32:53,080 --> 00:32:54,240
Speaker 2: trip for Auckland, you.

613
00:32:54,200 --> 00:32:56,280
Speaker 14: Can go on road and at the end of the

614
00:32:56,360 --> 00:32:59,840
Speaker 14: road is the place. It's very very popular. Build it,

615
00:32:59,840 --> 00:33:01,600
Speaker 14: they will come. But it was you don't have to

616
00:33:01,640 --> 00:33:04,840
Speaker 14: stay the night. No, no, it's a day trip. No,

617
00:33:04,880 --> 00:33:06,440
Speaker 14: that's very that's a very good point. And on the

618
00:33:06,480 --> 00:33:09,800
Speaker 14: way home yesterday, funally enough, I did comment to the

619
00:33:09,800 --> 00:33:12,440
Speaker 14: woman to my left, I said, my word, these roads

620
00:33:12,560 --> 00:33:14,400
Speaker 14: are quiet for a holiday weekend.

621
00:33:14,400 --> 00:33:17,040
Speaker 2: It's quieter than on a normal weekend, which was empty.

622
00:33:17,080 --> 00:33:18,360
Speaker 2: Over on my hike there was no one.

623
00:33:18,480 --> 00:33:20,080
Speaker 14: What were you doing on the beach? Ryan it's about

624
00:33:20,120 --> 00:33:22,680
Speaker 14: nineteen degrees from there was one of a nude swimming.

625
00:33:22,840 --> 00:33:25,760
Speaker 14: Is that what you do if you're gonna go when

626
00:33:25,920 --> 00:33:28,400
Speaker 14: you don't need swimming, if you're going to go need someone,

627
00:33:28,440 --> 00:33:29,600
Speaker 14: you don't go when it's cold?

628
00:33:29,720 --> 00:33:32,920
Speaker 2: Do you not? Why not? Right? Do you know the answer?

629
00:33:34,480 --> 00:33:37,480
Speaker 2: All right? What's on the show? Christopher Luxan? How's that? Oh? Yes,

630
00:33:37,520 --> 00:33:38,200
Speaker 2: of course? Tuesday?

631
00:33:38,280 --> 00:33:41,920
Speaker 14: Yeah, Tuesday, It's Tuesday and we Christopher Luxe lucky, he's

632
00:33:42,040 --> 00:33:43,360
Speaker 14: onto it to it.

633
00:33:43,400 --> 00:33:45,960
Speaker 2: Thanks, Mike, Mike is within next. I'll be back tomorrow.

634
00:33:46,000 --> 00:33:56,000
Speaker 2: I have a great day. Everyone.

635
00:34:01,520 --> 00:34:04,480
Speaker 1: For more fam Earlily Edition with Ryan Bridge, listen live

636
00:34:04,600 --> 00:34:08,080
Speaker 1: to Newstalk SEDB from five am weekdays, or follow the

637
00:34:08,120 --> 00:34:09,560
Speaker 1: podcast on iHeartRadio