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

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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 beds and the play at stores US talks.

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Speaker 2: It'd be good morning, great to have your company just

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Speaker 2: gone six after five on your Thursday morning, before six

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Speaker 2: o'clock this morning. How big was that recession in the

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Speaker 2: last quarter. We'll find out today. What does it mean

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Speaker 2: for your mortgage and why a fraction of a percent

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Speaker 2: could count July Sorry, the jury rather is out in

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Speaker 2: the Pokinghorn trial. What do they need to know in

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Speaker 2: order to convict him? We'll ask our court reporter, our

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Speaker 2: US correspondent looks at the White House, having no idea

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Speaker 2: about his spiller, the attack on his buller and the

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Speaker 2: pages yesterday. It's all ahead.

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Speaker 3: The agenda.

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Speaker 2: It is Thursday, the nineteenth of August. First pages. Now

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Speaker 2: walky talkie is being used by Hezbela have exploded, killing

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Speaker 2: three people and injuring at least one hundred. This is

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Speaker 2: deepening the sense of insecurity that was very palpable in

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Speaker 2: the aftermath of yesterday's A pager of bombings. Ukraine has

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Speaker 2: conducted a drone attack against a Russian missile facility, causing

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Speaker 2: a huge explosion in that facility three hundred and seventy

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Speaker 2: kilometers from the capital Moscow. The explosion was picked up

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Speaker 2: by a Norwegian earthquake monitoring agency, registering as a magnitude

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Speaker 2: three point two. Google is celebrating this morning. Google has

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Speaker 2: won an appeal against its two point six billion dollar

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Speaker 2: fine for blocking rivals from displaying search ads. Remember this

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Speaker 2: was going on in Europe. The European Commission, a court

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Speaker 2: in Europe, said they imposed the fine. They said they

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Speaker 2: committed errors in their assessment. The Commission says it's exploring

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Speaker 2: its next steps back home. Winston Peters had a bit

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Speaker 2: of a winge, a bit of a lash out in

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Speaker 2: Parliament yesterday, saying standards are dropping, taking aim at Tapati Maldi,

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Speaker 2: MP Takutai Ferris who read a speech off a laptop

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Speaker 2: in the space of just three years.

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Speaker 4: The standards of this house of massive you decayed.

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Speaker 3: The Murray Party in Green's Don't Know Stanning orders News

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Speaker 3: and Views you trust to start your day. It's early

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Speaker 3: edition with Ryan Bridge and Smith City, New Zealand's furniture

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Speaker 3: beds and a flying store.

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Speaker 2: News talk said be people are coming in here with

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Speaker 2: hats on and bare feet and all sorts of things.

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Speaker 2: It doesn't really bother me what people wear. I suppose it.

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Speaker 2: It is nice to see people looking tidy in Parliament,

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Speaker 2: but I don't necessarily think everybody needs to be suit

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Speaker 2: and tie. Nine two nine two is the number to text.

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Speaker 2: He does have a point on the standards more generally,

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Speaker 2: especially when it comes to question time. Oh my goodness, Hey,

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Speaker 2: two big things happening today. One is the Federal Reserve

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Speaker 2: in the United States. In fact, this is going to

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Speaker 2: happen in the next hour. I think in exactly an

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Speaker 2: hour from now, we will hear what their decision is

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Speaker 2: on a rate cut there. It's been four long years

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Speaker 2: since they last cut rates. And will it be a

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Speaker 2: quarter of a percent? Will it be half a percent?

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Speaker 2: And what will that mean? Could that drive up demand

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Speaker 2: for the New Zealand dollar. Could we see a bit

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Speaker 2: of a rally on the kiwi and the Australian dollar

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Speaker 2: this morning? We'll have to stay tuned and watch that one. Interestingly,

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Speaker 2: I was reading this morning The Wall Street Journal has

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Speaker 2: a piece retail assets in money market funds totaled two

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Speaker 2: point six trillion dollars last week. That was up from

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Speaker 2: one point five trillion in September of twenty twenty two.

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Speaker 2: So when the rates go up, that's where people put

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Speaker 2: their money, and there's going to be a lot of

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Speaker 2: that money floating around looking for a home once rates

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Speaker 2: start coming down. We've also got our GDP, but we'll

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Speaker 2: talk about that before four six. Lester Levy is a

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Speaker 2: part time commissioner. He is a part timer. Do we care?

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Speaker 2: Nine two ninety two the number to text at first?

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Speaker 2: Listen to Chippy. He's obviously upset.

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Speaker 5: I don't think it's a part time role. I mean

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Speaker 5: he is now responsible for running the entire hospital system

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Speaker 5: across the country.

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Speaker 2: That is a full time job. I thought, Yeah, you've

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Speaker 2: got a point. Actually you should if this is your

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Speaker 2: big job. They've sacked the whole board. But he's not

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Speaker 2: running the Chibby says he's running the health system. He's not.

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Speaker 2: That's Margie upper He Lester Levy is a sit in

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Speaker 2: for the board who they've basically sacked because they were

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Speaker 2: all or they left because they didn't like what they

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Speaker 2: were doing, or they were useless, or a combination of both.

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Speaker 2: So if the chair of the board of Fonterra had

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Speaker 2: another job. Would you be surprised? No, because when you're

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Speaker 2: on boards, you have multiple directorships and you know you

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Speaker 2: do it. But if you're running the places the CEO,

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Speaker 2: if the CEO of Fonterra was part time at Packinsafe,

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Speaker 2: you'd be asking questions. So I'm split on this one.

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Speaker 2: I'm split. He has been paid three hundred and twenty

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Speaker 2: one thousand dollars a year and he's doing two days

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Speaker 2: a week at universities teaching students about it or something.

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Speaker 2: Nine two nine two. Would love your views on that.

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Speaker 2: This morning is just gone eleven minutes after five.

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Speaker 3: Bryan Bridge.

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Speaker 2: And some good news as we go to the break.

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Speaker 2: We are feeling more optimistic as we look ahead to

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Speaker 2: the GDP data out today. We are feeling good. According

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Speaker 2: to the latest west Pac Mcdermocmiller Consumer Confidence Index, it

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Speaker 2: was up nine points to ninety point eight in the

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Speaker 2: September quarter. It's still low but slightly up, so we'll

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Speaker 2: take that win. Yeah. A net fourteen percent of respondents

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Speaker 2: say they expect to be worse off financially in the

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Speaker 2: next year, but that is down from a net thirty

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Speaker 2: percent who felt that way in the June quarter. So

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Speaker 2: that's good news. What we want today actually is a

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Speaker 2: bad GDP number between you and me. We want a

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Speaker 2: bad GDP number because then Adrian All will have to

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Speaker 2: cut the rates sooner and then Tory Farno can buy

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Speaker 2: her carback.

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Speaker 3: The news you need this morning and the in depth

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Speaker 3: analysis early edition with Ryan Bridge and swith City, New

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Speaker 3: Zealand's furniture Beds and a playing store.

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Speaker 2: News Talks'd be fourteen after five on News Talks B

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Speaker 2: and Z and their view on what will happen with

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Speaker 2: GDP today coming your way just before six o'clock. Also,

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Speaker 2: there is an asteroid. I feel like we've done a

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Speaker 2: lot of space news lately, a lot. There is an

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Speaker 2: asteroid the size of a stadium and another one the

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Speaker 2: size of a skyscraper currently hurtling towards us, So stand

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Speaker 2: by for that fourteen after five. Retail crime up eighty

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Speaker 2: six percent in the last five years. There are members

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Speaker 2: of the Ministerial Advisory Group aiming to fix that that

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Speaker 2: have been named reps from Retailing, Zed Food Staff's Michael Hill.

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Speaker 2: They're all involved. Ash Palmer, who was an AT Party candidate,

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Speaker 2: and Sunny Kaschell's obviously in their two Carolyn Young is

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Speaker 2: on there on the Advisory Group Retailians Chief Zive and

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Speaker 2: she joins me this morning. Carolyn, good morning, whatever, Ryan,

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Speaker 2: thank you for being with me. Are you worried this

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Speaker 2: will be just another working group that gets nothing done?

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Speaker 6: Absolutely not. No, We're really determined to make a difference

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Speaker 6: and we're all actively involved in retail so understand the

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Speaker 6: impacts that retail crime has been having on businesses and

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Speaker 6: their staff and wanting to make sure that we can

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Speaker 6: provide a safe environment for staff to go to work

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Speaker 6: and for customers to enjoy being able to come into

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Speaker 6: the stores.

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Speaker 2: One of the issues you're going to look at is

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Speaker 2: the security guards. Are you going to tackle this issue? Literally?

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Speaker 2: Do you think we should empower security guards to actually

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Speaker 2: go after shoplifters and get them on the ground until

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Speaker 2: the cops come.

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Speaker 6: Look, there's a wide variety of issues that will be canvassing,

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Speaker 6: and people's got very different views because businesses use security

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Speaker 6: guards in different ways, and so we need to actually understand.

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Speaker 2: What's you Caaren viewing on that well.

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Speaker 6: Retail in New Zealander. We've got a working group that

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Speaker 6: we're working on and we'll be consulting back into the

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Speaker 6: Ministry Advisory Group. There's a balance around what you can

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Speaker 6: do because when you think about, you know, your word

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Speaker 6: through tackling estenders. I mean, that's a really difficult thing

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Speaker 6: to do, and you have to be highly trained to

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Speaker 6: be able to do that. If you're going to hold

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Speaker 6: on to somebody, you need somewhere to be safe to

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Speaker 6: be able to do that. So there's a lot of

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Speaker 6: things to take into account. We need to ensure that

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Speaker 6: security guards are better trained and have greater resources, that

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Speaker 6: they can have skills that they.

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Speaker 2: Can sounds to me like that we won't be tackling shoplifters.

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Speaker 6: Yeah, I don't think we'll be tackling shoplifters.

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Speaker 2: That's all right. Hey, what about I'm interested in the

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Speaker 2: facial tech recognition technology. If I steal something, you know,

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Speaker 2: my face? What happens if I try and enter the

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Speaker 2: store again? You know, because obviously you're not going to

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Speaker 2: tackle me. So and I'm trying to get an do

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Speaker 2: the doors close automatically? How does that work?

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Speaker 4: So?

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Speaker 6: How it works as facial recognition is loads up people that,

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Speaker 6: as you say, have offended in the store, and the

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Speaker 6: stores have got a photo of that person who's offended

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Speaker 6: or been trespassed from the store. There's only a couple

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Speaker 6: of cameras at the entry of the store, they capture

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Speaker 6: image of somebody that's against that photo. Then the assessment

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Speaker 6: is done to ensure is that the same person, because

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Speaker 6: obviously people look differently on different days, And then the

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Speaker 6: store can determine a range of ways in which they

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Speaker 6: can intervene or not. So they might actively intervene. They

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Speaker 6: might go and talk to the person and say, hey,

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Speaker 6: Carolyn Young, you know you're not meant to be in

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Speaker 6: the store. You've been trespassed in. The store would really

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Speaker 6: ask you kindly to leave. And the police will tell

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Speaker 6: you eight percent of the time when you actually go

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Speaker 6: and approach an offender and someone that's not meant to

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Speaker 6: be there, they will turn around and walk out. There'll

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Speaker 6: be no further interaction.

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Speaker 2: And the rest of the rest you've got to tackle.

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Speaker 6: You might also just decide to monitor that person in

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Speaker 6: the store, so you might just observe what they're doing,

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Speaker 6: and knowing who's in the store and the types of

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Speaker 6: offenses that have done before actually gives the staff and

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Speaker 6: the store more confidence that they can manage that potential

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Speaker 6: interaction that's going to happen. So you've caught one steper

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Speaker 6: here because you've you know that you've had an alert

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Speaker 6: that's identified you of a person that's in the store

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Speaker 6: that has either been violent or sole and stuff.

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Speaker 2: And I guess that then all the staff will know

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Speaker 2: that as well, right, Carolyn, thank you very much for

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Speaker 2: joining us this morning. Carolyn Young Retailing is the chief

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Speaker 2: executive on this group, which she says is not just

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Speaker 2: another working group. It will get something done. We will

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Speaker 2: follow up on progress from that particular group, that advisory

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Speaker 2: group to the minister. It is nineteen minutes after five.

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Speaker 2: Coming up next the Polkinghorn trial. The jury is out.

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Speaker 2: What do they need to see today for a potential

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Speaker 2: verdict potential conviction of Philip Polkinghorn by the end of

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Speaker 2: the day.

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Speaker 3: The first word on the News of the Day early

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Speaker 3: edition with Ryan Bridge and Smith City, New Zealand's furniture

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Speaker 3: beds and a play at store News Talk SIVV.

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Speaker 2: Twenty one minutes after five, News Talk said, b we

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Speaker 2: are going to the United States. Our US correspondent will

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Speaker 2: be with us after the news At five point thirty,

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Speaker 2: What did the White House know about the Hisbilla Page's

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Speaker 2: attack that was imminent. What did Israel tell them about that?

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Speaker 2: We'll look at that shortly. Right now though here in

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Speaker 2: New Zealand, the fate of Philip Polkinghorn now lies in

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Speaker 2: a jury of eight women and three men. We could

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Speaker 2: have a verdict by today or in the next couple

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Speaker 2: of days. And the murder trial over the death of

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Speaker 2: his wife, Pauline Hannah in twenty twenty one, seven weeks

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Speaker 2: eighty witnesses. The jury is out for deliberation and Craig

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Speaker 2: Capitana is with us. He's the New Zealand Herald Court reporter.

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Speaker 2: Craig Good morning morning, Ryan, how are you very well?

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Speaker 2: Thanks for being with me. What is this jury deciding on? Basically?

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Speaker 2: Is it essentially was this murder or was this suicide?

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Speaker 6: Yeah?

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Speaker 4: The Crown says this is a very binary decision. The facts,

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Speaker 4: the way the house was found, they really only have

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Speaker 4: two decisions. Is a murder or suicide.

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Speaker 2: Is and if there's a chance that this was suicide.

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Speaker 2: Are they not able to find Philip Pulkinghorn guilty of murder?

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Speaker 4: Well, they do have a lesser charge then they can

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Speaker 4: vote on, which is manslaughter, But that hasn't really been

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Speaker 4: discussed by the crown or the defense and closing arguments,

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Speaker 4: So that's more of a technicality. Really, I would imagine

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Speaker 4: they will definitely be coming back with a guilty or

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Speaker 4: not guilty to murder it it appears, and if it's

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Speaker 4: not guilty, there's a very good chance he'll be walking

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Speaker 4: out of the court.

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Speaker 2: Right and that could be happening as early today. I mean,

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Speaker 2: it's a stupid question to ask, how long do you

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Speaker 2: deliberate for? How long is a pace of straight.

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Speaker 4: Yeah, it's anybody's guess. But if I had, if I

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Speaker 4: had to guess, i'd say it's not going to be quick.

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Speaker 4: But that comes with the caveat that I'm almost one

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Speaker 4: hundred percent wrong on these guesses, so who knows.

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Speaker 2: I appreciate honesty.

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Speaker 4: Yeah, if they do go past today, court won't be

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Speaker 4: sitting tomorrow, so we'll stretch into week nine. If if

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Speaker 4: it takes more than a day.

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Speaker 2: Took us through the unanimous versus majority verdict, what what

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Speaker 2: you need to get and how that operates.

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Speaker 4: Well, Uh, they're gonna have to sit and work towards

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Speaker 4: an unanimous for for quite a while. That's I think

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Speaker 4: the minimum is four hours, but usually it's much longer.

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Speaker 4: If they can't make a decision by then, the judge

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Speaker 4: will give them a direction that they can. At some

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Speaker 4: point they can have a unanimous for adicting Stead, which

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Speaker 4: only allows one person to dissent. So sorry, that was

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Speaker 4: twelve jurors, but one juror was dismissed a couple weeks

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Speaker 4: ago because this trial has run so long, So we

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Speaker 4: have eleven jurors. Now, technically we could have a ten

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Speaker 4: to one vote for guilty or not guilty and with

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Speaker 4: the good gil, but that's going to be a little

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Speaker 4: bit down the track.

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Speaker 2: Yeah, And if that's not possible, then we get to

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Speaker 2: a hung jury, and then we get to a potential retrial,

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Speaker 2: don't we. We're in that territory.

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Speaker 4: Yeah, still remind me of that.

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Speaker 2: Craig, thank you very much for that. Great to understand

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Speaker 2: and talk through exactly what people can expect from this decision,

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Speaker 2: which we, as you say, may get today, may get

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Speaker 2: next week. Craig Capitan with US New Zealand Herald Court

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Speaker 2: reporter covering the Polkinghorn trial. It is twenty five minutes

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Speaker 2: after five loads of your feedback coming in on Lester

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Speaker 2: Levy will get to that shortly.

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Speaker 3: The early edition show podcast on iHeartRadio powered by News

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Speaker 3: Talks AV.

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Speaker 2: People are talking about Tory Farno one hundred and ninety

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Speaker 2: thousand dollars a year, having to sell a car just

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Speaker 2: to get by, and I don't want to talk about

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Speaker 2: her and her personal finances. Frankly, this is about us.

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Speaker 2: This is about us, the voters, the taxpayers, the ratepayers.

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Speaker 2: We're all forced on this ship being sailed by captains

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Speaker 2: that half of us didn't vote for, and what can

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Speaker 2: sometimes feel a little bit like the Titanic. And we

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Speaker 2: can all work more to get more. This is salary

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Speaker 2: and wages, wealth. We can all work more to get more.

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Speaker 2: We can work smarter, we can invest more, we can

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Speaker 2: grow our eggs a little bit more, and many of

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Speaker 2: us do. The media net worth of a Kiwi household

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Speaker 2: in twenty twenty one was around four hundred thousand dollars.

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Speaker 2: And some people take great risks to grow theirs and

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Speaker 2: they deserve the rewards of that. Many of us fail

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Speaker 2: in business, and we don't talk about that much. Many

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Speaker 2: have mortgage their family homes and you'll find them inside

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Speaker 2: there at nighttime, light on in the bedroom, not sleeping

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Speaker 2: with the stress of how they're going to make it work,

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Speaker 2: how they're going to keep the lights on, how they're

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Speaker 2: going to innovate, keep staff on, hire more staff, etc.

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Speaker 2: Others with one, two, three jobs to improve their lot.

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Speaker 2: And most people aspire to create more wealth, not out

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Speaker 2: of sheer selfishness. Well some do, sure, but for most

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Speaker 2: of us it's about providing for their families, leaving something

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Speaker 2: behind for their kids, and being set up so that

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Speaker 2: their husband or wife is taken care of if they

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Speaker 2: are to die early. And for most of us, wealth

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Speaker 2: is not evil. It's actually an act of loving those

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Speaker 2: people around you, those people you care about, which is

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Speaker 2: why when politicians come knocking at the door demanding a

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Speaker 2: so called wealth tax, or that the wealthy pay more,

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Speaker 2: not just income tax, but those imaginary wealth taxes too,

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Speaker 2: we get so touchy about it, don't we. We're like

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Speaker 2: when my dog's eating dinner and I try and approach it.

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Speaker 2: That's how we feel. As a collective get away, it's mine,

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Speaker 2: hands off. The irony in this is that Tory Farner

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Speaker 2: is part of the Greens who advocate for exactly this

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Speaker 2: type of approach. They say tax is love, not wealth

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Speaker 2: is love, and sure, when money is well spent and

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Speaker 2: services delivered. Maybe tax is love, but cycle bridges to

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Speaker 2: know where half million dollar bike racks, contractor and consultant

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Speaker 2: money scrambles. They don't feel like love to me. They

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Speaker 2: feel more like abuse. Bryan Bridge, twenty nine minutes after

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Speaker 2: five nineteen ninety two is the number for your feedback

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Speaker 2: this morning? Is there anything wrong with wealth? Is there

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Speaker 2: anything wrong with Tory Farner winning one hundred?

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Speaker 3: Get ahead of the headlines, Ryan Bridge, You for twenty

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Speaker 3: twenty four on early edition with Smith City, New Zealand's

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Speaker 3: furniture beds and a play at store News Talk.

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Speaker 2: Sid be Good Morning, New Zealand. Twenty four minutes away

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Speaker 2: from six two big story coming your way today. One

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Speaker 2: is the Federal Reserve in the United States is tipped

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Speaker 2: to in the next half hour cut interest rates for

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Speaker 2: the first time in four years in the world's largest economy.

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Speaker 2: What doll it mean for us? What doll it mean

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Speaker 2: for our dollar? We've got a US correspondent on the

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Speaker 2: line in a few moments time. Also here in New Zealand,

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Speaker 2: Quarter two GDP out today we're looking back. How much

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Speaker 2: did we grow by? And does a fraction of a

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Speaker 2: percent difference mean we might get more rate cuts, more

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Speaker 2: mortgage relief from Adrian or here we'll tell you with

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Speaker 2: the bnzchief economist Mike Jones before Sex. Right now, though,

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Speaker 2: can you just breathe a sigh of relief because we

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Speaker 2: narrowly escaped death last night while everyone was sleeping. This

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Speaker 2: is a stadium sized asteroid. This is a report from

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Speaker 2: the BBC, A stadium sized asteroid and another the size

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Speaker 2: of a skyscraper, big enough to destroy an entire city. Well,

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Speaker 2: they just cruised on by Earth didn't hit us, which

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Speaker 2: is good to know. I'm just wondering is it worth

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Speaker 2: reporting this. I mean, obviously, now that we're safe, I'm

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Speaker 2: telling you you know that was a stressful sleep. But

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Speaker 2: if we can't actually do anything about it, do you

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Speaker 2: want to be told you know? Or would you rather

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Speaker 2: it just comes down, bang, it's all over and you

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Speaker 2: were none the wiser. Personally, I prefer the latter. NASA

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Speaker 2: says we would need many years of warning to divert

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Speaker 2: a catastrophic asteroid strike, So I say, NASA, next time

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Speaker 2: you see one, just keep it to yourselves. Twenty two

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Speaker 2: away from Sex, Bryan Bridge going to our reporters around

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Speaker 2: the country, Calm proctors and toned in first. Colum high

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Speaker 2: water levels causing concern at a lagoon in Southland. Yeah,

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Speaker 2: this is why Tuna Lagoon.

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Speaker 1: Ryan.

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Speaker 5: It's currently around two and a half meters above its

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Speaker 5: regular height and so it's having an impact on surrounding roads,

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Speaker 5: paddocks and farming activities in the area.

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Speaker 2: This is just south of Vicargo. The lagoon.

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Speaker 5: Environment South Than says it's actively monitoring the levels and

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Speaker 5: assessing the options to open it up through to the sea.

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Speaker 5: Any opening needs to be through emergency powers under the

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Speaker 5: Resource Management Act, which is held by Environments South and

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Speaker 5: there's also an ongoing consent process here for the longer

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Speaker 5: term approach to y Turner Lagoon.

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Speaker 2: All right, how's your weather today, Colum.

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Speaker 5: Afternoon shower, some possibly heavy westerlies and seventeen today.

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Speaker 2: Have a great day, Claire sherwoods and Christs this morning, Claire.

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Speaker 2: Relief over that Sinlane deal.

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Speaker 7: Yeah, this was a big story for us yesterday. Ryan shareholders,

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Speaker 7: of course, voted to approve a two hundred and eighteen

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Speaker 7: million dollar capital injection for Sinlay that comes from its

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Speaker 7: two largest shareholders, A two Milk and Bright Dairy. The

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Speaker 7: company's farmer supplier base had handed in cessation notices. They

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Speaker 7: were ultimately saying it was affecting milk supply from twenty

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Speaker 7: twenty six if not withdrawn. Former Federated Farmer's Chair Dairy

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Speaker 7: Chair and one of Senley's biggest suppliers, Willie Levering says

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Speaker 7: this is great news for the wider Canterbury region. He

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Speaker 7: says it's a big employer in Canterbury. In fact, I

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Speaker 7: think they have fourteen hundred staff. So it's really good

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Speaker 7: to see this light at the end of this tunnel.

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Speaker 2: Totally weather today clear.

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Speaker 7: Mainly fine with high cloud. Could be a shower or

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Speaker 7: two a bit later. Northeasterly is turning northwest from around

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Speaker 7: to midday. A warm one though, eighteen degrees brilliant.

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Speaker 2: Thank you Max Tols and Wellington Max. The woman who

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Speaker 2: attacked and enzid meat report has being jailed.

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Speaker 6: Yeah.

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Speaker 8: This is Rosie Modonga, who is also a person of

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Speaker 8: interest in the baby rou A death a case. She's

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Speaker 8: admitted eighteen other charges including assault, theft, wilful damage shoplifting

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Speaker 8: in the hut Valley District Court. She also late last

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Speaker 8: year after a court appearance, assaulted a reporter from our

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Speaker 8: newsroom as she left court. She spat on her, yanked

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Speaker 8: her hair, punched her several times. Our reporter dropped her bag.

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Speaker 8: During the assault, her phones, bank cards spilled out. They

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Speaker 8: were stolen used to buy spirits and artie des at

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Speaker 8: a nearby liquor store. In mentioning that assault, the judge

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Speaker 8: said the reporting of court events is vital for democracy.

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Speaker 8: In terms of the baby root case, no outcome in

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Speaker 8: that yet after some time. Modunger, of course, living in

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Speaker 8: the same house in Tita with Ru's mother.

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Speaker 2: Storm goodness may house your weather today max.

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Speaker 8: Cloudy period's the odd shower this afternoon, stronger northerlyast fourteen

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Speaker 8: the high central.

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Speaker 2: Thank you very much. Neva is in Auckland this morning.

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Speaker 2: Good morning, Neva.

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Speaker 9: Morning.

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Speaker 2: So what's going on with the blanket speed increases?

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Speaker 9: Yeah, now look this is interesting, A planning expert says.

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Speaker 9: The government's blanket speed increases now they're being opposed by Auckland.

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Speaker 9: So a report, this is from Auckland Transport and it

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Speaker 9: shows forty six percent and this is the five hundred

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Speaker 9: residents it was surveyed, are in favor of speed reductions.

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Speaker 9: And this is versus thirty eight percent against three quarters

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Speaker 9: would accept some increase in travel time on a twenty

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Speaker 9: minute trip, if it helped me travels safer.

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Speaker 2: I don't believe any of this.

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Speaker 9: Neither you would say that you're thinking five hundred people survey,

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Speaker 9: does that all.

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Speaker 2: That's statistically relevant? I don't know. I don't know. I

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Speaker 2: don't know, because it depends on the question.

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Speaker 9: They ask, well, yes, well there you go. And so

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Speaker 9: Tim Welch, he's the Auckland University senior planning lecturer. He's saying,

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Speaker 9: look the story that Simmy and Brown's been saying, people

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Speaker 9: overwhelmingly want to see faster roads, but the data just

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Speaker 9: doesn't show that. That's what he's saying. You know why,

435
00:23:29,200 --> 00:23:32,800
Speaker 9: I'll say something else. I went to the supermarket yesterday and.

436
00:23:35,560 --> 00:23:36,480
Speaker 2: Am not saying to you.

437
00:23:37,240 --> 00:23:39,480
Speaker 9: When I went in there, I thought, yeah, I couldn't

438
00:23:39,520 --> 00:23:43,159
Speaker 9: believe it. But they were having they were selling center chocolate,

439
00:23:43,200 --> 00:23:47,840
Speaker 9: marshmallow Center Christmas. You know, chocolate's already September. I couldn't

440
00:23:47,840 --> 00:23:48,159
Speaker 9: believe that.

441
00:23:48,200 --> 00:23:49,560
Speaker 2: That is early. That is early.

442
00:23:49,720 --> 00:23:52,480
Speaker 9: And someone in the news room was saying, Camar selling

443
00:23:53,000 --> 00:23:56,920
Speaker 9: Christmas pajamas already, that's too early September.

444
00:23:57,000 --> 00:24:00,560
Speaker 2: Come on, I think it's pajamas are and I've never

445
00:24:00,680 --> 00:24:02,280
Speaker 2: worn pajamas personally.

446
00:24:02,280 --> 00:24:02,760
Speaker 10: Shut up.

447
00:24:03,160 --> 00:24:05,240
Speaker 2: Do you wear pajamas around the house?

448
00:24:05,320 --> 00:24:07,639
Speaker 9: Don't you wear around the house? I mean sometimes in winter.

449
00:24:08,000 --> 00:24:11,840
Speaker 9: I was staying pajamas for like days, days, and I

450
00:24:12,000 --> 00:24:14,280
Speaker 9: was thinking, one seed, what do you not? You know?

451
00:24:14,359 --> 00:24:14,840
Speaker 4: Do you not have.

452
00:24:16,800 --> 00:24:19,800
Speaker 2: Birthday? I must pray your one November November. I look

453
00:24:19,840 --> 00:24:21,280
Speaker 2: forward tom here.

454
00:24:22,080 --> 00:24:23,280
Speaker 10: That's why we get on with school.

455
00:24:23,359 --> 00:24:24,240
Speaker 2: What date?

456
00:24:24,560 --> 00:24:24,600
Speaker 3: No?

457
00:24:24,720 --> 00:24:25,120
Speaker 8: What dates?

458
00:24:25,160 --> 00:24:28,600
Speaker 2: You wait? Do you say nine sixteen?

459
00:24:29,240 --> 00:24:29,400
Speaker 4: Oh?

460
00:24:29,600 --> 00:24:29,959
Speaker 9: Really?

461
00:24:30,280 --> 00:24:33,200
Speaker 2: Anyway we go, we're getting carried away. Yes, how's the

462
00:24:33,240 --> 00:24:33,760
Speaker 2: weather today?

463
00:24:34,800 --> 00:24:37,080
Speaker 9: I was gonna say strong, wisterly, strong wisterlies. We're talking

464
00:24:37,080 --> 00:24:39,760
Speaker 9: in this morning, and I have to say we've got showers.

465
00:24:40,040 --> 00:24:43,240
Speaker 9: But nz TA sees that from three pm and seven

466
00:24:43,359 --> 00:24:47,720
Speaker 9: pm this afternoon, watch out for those winds and lanes

467
00:24:47,840 --> 00:24:51,400
Speaker 9: and speeds. Guess where Harbor Bridge Bridge may be impacted.

468
00:24:51,920 --> 00:24:57,080
Speaker 2: Eighteen high scorpios. Nice, nice people, cross us. There's a

469
00:24:57,280 --> 00:25:01,120
Speaker 2: sting in that table that's right fourteen away from six.

470
00:25:01,200 --> 00:25:03,520
Speaker 2: We're getting to our US correspondent in just a second

471
00:25:03,600 --> 00:25:06,840
Speaker 2: for some of your texts this morning. Interesting, we avoided

472
00:25:06,880 --> 00:25:09,560
Speaker 2: an asteroid, by the way, narrowly avoided an asteroid on

473
00:25:09,640 --> 00:25:12,159
Speaker 2: Earth overnight. The size of a football stadium could have

474
00:25:12,240 --> 00:25:16,520
Speaker 2: wiped out an entire city apparently, as somebody here says,

475
00:25:16,560 --> 00:25:21,080
Speaker 2: that was live streamed on YouTube. Okay, so it must

476
00:25:21,160 --> 00:25:22,639
Speaker 2: have been close. I was going to say, let's get

477
00:25:22,680 --> 00:25:24,760
Speaker 2: the audio, but I doubt they miked up the asteroid,

478
00:25:24,840 --> 00:25:30,040
Speaker 2: did they? And this from John who says sorry. Simon says,

479
00:25:30,240 --> 00:25:33,959
Speaker 2: I'm a courier driver and we're already delivering the artificial

480
00:25:34,080 --> 00:25:39,199
Speaker 2: Christmas trees to people and businesses. It is September fourteen to.

481
00:25:39,320 --> 00:25:43,800
Speaker 3: Six International correspondence with Ends and Eye Insurance, Peace of

482
00:25:43,920 --> 00:25:45,240
Speaker 3: mind for New Zealand business.

483
00:25:46,280 --> 00:25:48,840
Speaker 2: Big story today the US vigual Reserve going to lower

484
00:25:48,880 --> 00:25:51,840
Speaker 2: interest rates inside the next half hour. Benji Higher is

485
00:25:51,840 --> 00:25:54,560
Speaker 2: with US, our US correspondent, Benji what are they picking?

486
00:25:55,760 --> 00:25:57,600
Speaker 10: Well, we don't know yet, but it's going to be

487
00:25:58,000 --> 00:26:00,040
Speaker 10: lower than what it was, which has been a a

488
00:26:00,680 --> 00:26:05,280
Speaker 10: very high level, the highest in decades, five points three percent.

489
00:26:05,320 --> 00:26:07,639
Speaker 10: It's been hovering around and it's going to drop. And

490
00:26:07,680 --> 00:26:11,280
Speaker 10: it's going to drop because the inflation numbers have improved

491
00:26:11,760 --> 00:26:14,920
Speaker 10: so drastically in the United States. Now this is a

492
00:26:15,080 --> 00:26:18,680
Speaker 10: crucial announcement both in the United States but also around

493
00:26:18,720 --> 00:26:20,840
Speaker 10: the world. We'll take the US. First, it is the

494
00:26:21,119 --> 00:26:25,119
Speaker 10: last time that America's Central Bank will be able to

495
00:26:25,240 --> 00:26:28,240
Speaker 10: make a change to the interest rate to burrowing costs

496
00:26:28,680 --> 00:26:32,800
Speaker 10: before November's election between Kamala Hawris and Donald Trump. And

497
00:26:32,920 --> 00:26:36,000
Speaker 10: this of course an indication that the economy from the

498
00:26:36,080 --> 00:26:38,800
Speaker 10: inflation front, which has been a big issue in this election,

499
00:26:39,440 --> 00:26:42,720
Speaker 10: is improving. That is a boost then for the vice president,

500
00:26:43,040 --> 00:26:44,960
Speaker 10: but of course still a few weeks to go to

501
00:26:45,280 --> 00:26:47,720
Speaker 10: find out what sort of impact it might have on growth,

502
00:26:48,440 --> 00:26:51,080
Speaker 10: which of course could play into the hands potentially of

503
00:26:51,359 --> 00:26:54,320
Speaker 10: former President Donald Trump. The reason this matter is beyond

504
00:26:54,600 --> 00:26:57,399
Speaker 10: these shores, even though of course it is Americans who

505
00:26:57,400 --> 00:27:00,240
Speaker 10: will be most affected by the Church change, that there

506
00:27:00,280 --> 00:27:03,480
Speaker 10: are central banks the world over that are tied to

507
00:27:03,600 --> 00:27:07,040
Speaker 10: the dollar, and so their economies will be impacted too.

508
00:27:07,520 --> 00:27:10,200
Speaker 10: And lower interest rates, which we think will be the

509
00:27:10,280 --> 00:27:13,440
Speaker 10: outcome when the decision is made very shortly, will also

510
00:27:13,640 --> 00:27:19,440
Speaker 10: affect how investors across the planet will invest in, you know,

511
00:27:19,520 --> 00:27:23,399
Speaker 10: for example stocks over savings accounts. So this is a

512
00:27:23,480 --> 00:27:26,840
Speaker 10: significant decision and we think it will be lowered by

513
00:27:27,680 --> 00:27:30,800
Speaker 10: probably quarter percent, maybe even a half a percent. And again,

514
00:27:30,840 --> 00:27:32,440
Speaker 10: as I said the last time, that that would happen

515
00:27:32,520 --> 00:27:33,920
Speaker 10: before Americans go to the polls.

516
00:27:34,040 --> 00:27:35,600
Speaker 2: Yeah, we're going to check in with Mike Jones be

517
00:27:35,680 --> 00:27:37,520
Speaker 2: and Z chief economist, and just a second on what

518
00:27:37,720 --> 00:27:39,800
Speaker 2: that rate cut over in the States might mean for

519
00:27:39,920 --> 00:27:43,280
Speaker 2: us here. Very quickly though the White House, were they

520
00:27:43,359 --> 00:27:47,680
Speaker 2: aware of it's allegedly Israel behind the attack on his

521
00:27:48,280 --> 00:27:50,520
Speaker 2: the pages? Did the White House know in advance?

522
00:27:51,200 --> 00:27:54,000
Speaker 10: They said not, And that even more remarkable given the

523
00:27:54,080 --> 00:27:58,400
Speaker 10: fact that one of the Biden administration's senior advisors has

524
00:27:58,520 --> 00:28:01,640
Speaker 10: been in the Middle East trying to sort of cease

525
00:28:01,680 --> 00:28:03,840
Speaker 10: fire for Gaza. That is an addition to the U

526
00:28:03,920 --> 00:28:07,400
Speaker 10: s Secretary of State Anthony Blincoln, who's in Egypt again

527
00:28:07,560 --> 00:28:10,800
Speaker 10: holding tours, none top talks, None of them were made aware.

528
00:28:10,840 --> 00:28:14,040
Speaker 10: There was a very brief phone call between Israel's defense

529
00:28:14,119 --> 00:28:18,439
Speaker 10: secretary and America's Defense Secretary, Lloyd Austin, literally minutes before

530
00:28:18,520 --> 00:28:22,840
Speaker 10: those pages started exploding, and in it Israel we're told

531
00:28:23,680 --> 00:28:26,000
Speaker 10: explain to the United States that they will be conducting

532
00:28:26,040 --> 00:28:29,359
Speaker 10: an operation in Lebanon soon, but no details were shared.

533
00:28:29,359 --> 00:28:31,639
Speaker 10: And of course, there had been developments in past hours

534
00:28:31,680 --> 00:28:34,560
Speaker 10: two where there had been even more explosions, this time

535
00:28:34,640 --> 00:28:38,920
Speaker 10: of walky talkies across the country, so clearly still not

536
00:28:39,040 --> 00:28:39,560
Speaker 10: the end of that.

537
00:28:39,680 --> 00:28:42,280
Speaker 2: Story, absolutely, Binji, Thank you for that, Binji. Hire our

538
00:28:42,440 --> 00:28:45,480
Speaker 2: US correspondent just gone eleven minutes now, ten minutes away

539
00:28:45,560 --> 00:28:49,400
Speaker 2: from six and Bridge Rich quarter to two GDP numbers

540
00:28:49,480 --> 00:28:52,600
Speaker 2: out today they are looking backwards, how much did we

541
00:28:52,760 --> 00:28:56,040
Speaker 2: grow by as an economy or not. We're joined by

542
00:28:56,080 --> 00:28:58,440
Speaker 2: Mike Jones being Z in chief Economists. Good morning, Mike,

543
00:29:00,280 --> 00:29:04,160
Speaker 2: so am Z says back point one, ASB back point

544
00:29:04,280 --> 00:29:08,640
Speaker 2: three west Pac point four. What are you saying, Well, we.

545
00:29:08,600 --> 00:29:10,800
Speaker 11: Don't think we're going to have for pretty reading. Our

546
00:29:10,840 --> 00:29:15,640
Speaker 11: pickers are point four percent contraction over the court. So yeah,

547
00:29:15,720 --> 00:29:17,640
Speaker 11: pretty grim reading. And if we're right on that, that

548
00:29:17,720 --> 00:29:21,400
Speaker 11: would be the fifth quarterly contraction out of the last seven.

549
00:29:22,080 --> 00:29:24,480
Speaker 11: So very much in keeping with this idea that we've

550
00:29:24,520 --> 00:29:27,840
Speaker 11: been in a role in recession for almost two years

551
00:29:27,880 --> 00:29:28,520
Speaker 11: now and.

552
00:29:28,600 --> 00:29:32,040
Speaker 2: We're really feeling it. How important is the size of

553
00:29:32,240 --> 00:29:38,200
Speaker 2: this recession? You know, if if it's nearly a full percent,

554
00:29:38,640 --> 00:29:40,760
Speaker 2: I mean obviously the Reserve Bank saying half a percent,

555
00:29:40,840 --> 00:29:43,840
Speaker 2: your same point four. If it was one percent, would

556
00:29:43,880 --> 00:29:47,360
Speaker 2: we see the Reserve Bank cutting rates? You know, bigger sooner.

557
00:29:48,760 --> 00:29:51,400
Speaker 11: It's possible. Look as you said, the Reserve Bank has

558
00:29:51,480 --> 00:29:54,200
Speaker 11: braced for a pretty nasty numb're already they've got a

559
00:29:54,280 --> 00:29:57,080
Speaker 11: point five percent decline baked into their numbers. That's a

560
00:29:57,080 --> 00:29:59,800
Speaker 11: bit weekend than what we've got and probably the consensus

561
00:29:59,840 --> 00:30:02,400
Speaker 11: is well. So it would take a real clanger, I think,

562
00:30:02,520 --> 00:30:06,080
Speaker 11: to throw the Reserve Bank off its stride. And there's

563
00:30:06,400 --> 00:30:08,280
Speaker 11: a matter of volatile so we'll just have to see

564
00:30:08,280 --> 00:30:11,280
Speaker 11: what we get. Probably today that the bigger piece of

565
00:30:11,360 --> 00:30:13,960
Speaker 11: news for interest rates in New Zealand and the Reserve

566
00:30:14,000 --> 00:30:16,400
Speaker 11: Bank may well be what the US Fed A Reserve

567
00:30:16,480 --> 00:30:20,160
Speaker 11: does with interest rates in just a few moments totally.

568
00:30:20,520 --> 00:30:22,960
Speaker 2: We're all standing by for that. Mike Hoskins Show will

569
00:30:23,000 --> 00:30:25,440
Speaker 2: have coverage of that after six o'clock obviously once the

570
00:30:25,520 --> 00:30:31,240
Speaker 2: decisions out. But how might that affect us, Well.

571
00:30:31,080 --> 00:30:33,600
Speaker 11: We've obviously started the process of off cutting rates already.

572
00:30:33,600 --> 00:30:36,200
Speaker 11: The Reserve Bank has lower rates in August. This will

573
00:30:36,240 --> 00:30:40,600
Speaker 11: be the first cut from the US so we ultimately

574
00:30:40,760 --> 00:30:43,200
Speaker 11: go our own way on instrates. The Reserve Bank would

575
00:30:43,200 --> 00:30:46,200
Speaker 11: be very would be the first to say that, but

576
00:30:46,440 --> 00:30:51,680
Speaker 11: feder reserves still very influential for interest rates. Interest rates

577
00:30:51,760 --> 00:30:55,600
Speaker 11: in New Zealand have been falling wholesale rates over the

578
00:30:55,640 --> 00:30:57,360
Speaker 11: past couple of weeks. As we sort of look ahead

579
00:30:57,360 --> 00:30:59,600
Speaker 11: and baking in what's going on in the US, look

580
00:31:00,120 --> 00:31:05,600
Speaker 11: Bed decides to get aggressive and cut take fifty points. Well,

581
00:31:05,680 --> 00:31:07,520
Speaker 11: that may just put a bit more pressure on in

582
00:31:07,600 --> 00:31:11,240
Speaker 11: districts in this part of the world, and may just

583
00:31:11,360 --> 00:31:13,840
Speaker 11: embolden that the reserve back here and is Zealand to

584
00:31:13,960 --> 00:31:14,440
Speaker 11: do the same.

585
00:31:15,080 --> 00:31:18,360
Speaker 2: Interesting, Mike, thank you for that, Mike Jones, Benz Chief Economists.

586
00:31:18,400 --> 00:31:21,000
Speaker 2: That sped decision out now in about eight minutes and

587
00:31:21,240 --> 00:31:22,960
Speaker 2: the GDP data out later this morning.

588
00:31:23,480 --> 00:31:28,800
Speaker 3: Ryan Bridge, I want to be a billionaire, so freaking back.

589
00:31:28,960 --> 00:31:32,120
Speaker 2: So you're no care starmer, sir care starmer, a British

590
00:31:32,160 --> 00:31:35,240
Speaker 2: prime minister, savior of the masses from the evil clutches

591
00:31:35,400 --> 00:31:40,200
Speaker 2: of Tories, you know, banishing the privileged and taking the

592
00:31:40,400 --> 00:31:44,400
Speaker 2: working class issues up first. Well, two months in he's

593
00:31:44,480 --> 00:31:47,479
Speaker 2: declared his gifts and his freebies. He's been getting from donors,

594
00:31:47,520 --> 00:31:51,360
Speaker 2: including Walid Ali, more than what we told you about yesterday,

595
00:31:52,160 --> 00:31:55,720
Speaker 2: more gifts to support his lavish lifestyle than any other

596
00:31:55,800 --> 00:32:00,640
Speaker 2: leader in recent history from either party. Football match four

597
00:32:00,760 --> 00:32:05,080
Speaker 2: thousand pounds at the Taylor Swift including hospitality nine hundred

598
00:32:05,200 --> 00:32:10,960
Speaker 2: pounds for Coldplay tickets, clothing twelve thousand pounds, accommodation worth

599
00:32:11,080 --> 00:32:14,440
Speaker 2: twenty thousand pounds and glasses. You know how where's glasses? Guests?

600
00:32:14,440 --> 00:32:19,040
Speaker 2: How much they cost? Five thousand New Zealand dollars? Are

601
00:32:19,080 --> 00:32:22,560
Speaker 2: they made of gold? Thank you Lord Ali? Goodness me?

602
00:32:22,680 --> 00:32:24,800
Speaker 2: And what does he get in return? He gets a

603
00:32:25,000 --> 00:32:29,480
Speaker 2: free pass to number ten Downing Street. Seven to six.

604
00:32:31,360 --> 00:32:32,200
Speaker 10: A different.

605
00:32:39,880 --> 00:32:44,200
Speaker 3: On your radio and online on iHeartRadio Early edition with

606
00:32:44,480 --> 00:32:47,760
Speaker 3: Ryan Bridge and Smith City, New Zealand's furniture beds and

607
00:32:47,840 --> 00:32:49,520
Speaker 3: a playing store on news Talk z.

608
00:32:49,680 --> 00:32:52,680
Speaker 2: BE five to six. Lots of people say, actually, leave

609
00:32:52,840 --> 00:32:56,960
Speaker 2: Lester Levy alone. He is doing the job of Commissioner

610
00:32:57,040 --> 00:32:58,840
Speaker 2: of Health New Zealand but also doing a couple of

611
00:32:58,880 --> 00:33:01,880
Speaker 2: days a week lecturing at university and says, I have

612
00:33:02,000 --> 00:33:04,840
Speaker 2: done that before. He's doing seventy hours a week in

613
00:33:04,880 --> 00:33:07,080
Speaker 2: his house role. What more can you ask of him?

614
00:33:07,200 --> 00:33:09,200
Speaker 2: Mike Costkin is in the studio, He's with you next night.

615
00:33:09,240 --> 00:33:10,600
Speaker 2: I tend to agree, I've done the numbers.

616
00:33:11,240 --> 00:33:14,040
Speaker 12: So if you say he said ten to twelve hours

617
00:33:14,080 --> 00:33:16,800
Speaker 12: a day, so let's give him ten and you do

618
00:33:16,920 --> 00:33:18,240
Speaker 12: that for a seventy hour week.

619
00:33:18,280 --> 00:33:18,480
Speaker 6: You do.

620
00:33:18,640 --> 00:33:20,560
Speaker 12: I can't remember. It was three thousand, three hundred and

621
00:33:20,560 --> 00:33:23,240
Speaker 12: something hours in the year that rolls out at ninety

622
00:33:23,280 --> 00:33:25,640
Speaker 12: five for three hundred and twenty thousand dollars that rolls

623
00:33:25,640 --> 00:33:26,920
Speaker 12: out at ninety five dollars now.

624
00:33:27,480 --> 00:33:31,520
Speaker 2: Also, he's not running Health New Zealand's arper's job. He's

625
00:33:31,600 --> 00:33:32,880
Speaker 2: just basically a direction.

626
00:33:33,320 --> 00:33:35,600
Speaker 12: He's a consultant who's looking at what's going on how

627
00:33:35,640 --> 00:33:37,400
Speaker 12: to fix it. So if you're putting in that many

628
00:33:37,480 --> 00:33:39,760
Speaker 12: hours for that amount of money at ninety five dollars

629
00:33:39,800 --> 00:33:42,120
Speaker 12: now because the media always get angsty about that stuff.

630
00:33:42,560 --> 00:33:44,640
Speaker 12: Three you know, I mean ninety five dollars now, my

631
00:33:44,720 --> 00:33:47,120
Speaker 12: headdress of charges more than that. So and this is

632
00:33:47,200 --> 00:33:50,400
Speaker 12: guy running the whole publicize. Also, he's on three training,

633
00:33:50,480 --> 00:33:52,080
Speaker 12: but Tory's on one hundred and ninety.

634
00:33:52,520 --> 00:33:54,480
Speaker 2: But you can't make ends me. You've got to sell

635
00:33:54,520 --> 00:33:59,080
Speaker 2: a car to board thing. See tomorrow, It's beautiful.

636
00:34:01,400 --> 00:34:03,960
Speaker 3: For more from News Talk st B, listen live on

637
00:34:04,120 --> 00:34:07,040
Speaker 3: air or online, and keep our shows with you wherever

638
00:34:07,120 --> 00:34:09,680
Speaker 3: you go with our podcasts on iHeartRadio.