1 00:00:01,160 --> 00:00:05,320 Speaker 1: The issues, the interviews and the insight. Ryan Bridge on 2 00:00:05,559 --> 00:00:09,560 Speaker 1: earlier show with One Room Love Where You Live News Talk, 3 00:00:09,640 --> 00:00:11,240 Speaker 1: sa'd be good morning. 4 00:00:11,280 --> 00:00:13,880 Speaker 2: It has just gone six minutes after five. Great to 5 00:00:13,880 --> 00:00:16,360 Speaker 2: have your company this morning. Nikola Willis on the ocr 6 00:00:16,480 --> 00:00:19,079 Speaker 2: will Be with Mitch mccannon the US. Putin wants a 7 00:00:19,200 --> 00:00:22,959 Speaker 2: say on Trump's security guarantee over Ukraine, basically dragging the 8 00:00:22,960 --> 00:00:26,240 Speaker 2: whole thing out even further. A terrible year for Fletcher's 9 00:00:26,440 --> 00:00:30,200 Speaker 2: and the sis reckons. There's a realistic chance some extremist 10 00:00:30,320 --> 00:00:32,800 Speaker 2: nut job will attack on key we soil with either 11 00:00:32,840 --> 00:00:35,000 Speaker 2: a knife or a gun. So that's sorry, knife for 12 00:00:35,040 --> 00:00:37,199 Speaker 2: a car, So that's fun. We'll look at that at 13 00:00:37,200 --> 00:00:42,360 Speaker 2: five point thirteen this morning. Six after the agenda Thursday, 14 00:00:42,440 --> 00:00:46,000 Speaker 2: the twenty first of August, Putin's back to drawing out 15 00:00:46,040 --> 00:00:49,000 Speaker 2: the war. He says the Kremlin should have a say 16 00:00:49,080 --> 00:00:53,760 Speaker 2: in any security guarantee that Trump's talking to the Ukrainians about. Meanwhile, 17 00:00:53,920 --> 00:00:58,200 Speaker 2: NATO generals are meeting virtually today UK's military chief. He's 18 00:00:58,240 --> 00:01:01,840 Speaker 2: off to Washington to talk post conflict security guarantee. 19 00:01:01,960 --> 00:01:04,200 Speaker 3: Sol Trump has said, well to get about proofs on 20 00:01:04,240 --> 00:01:06,399 Speaker 3: the ground. That's not going to happen. The US is 21 00:01:06,400 --> 00:01:08,880 Speaker 3: not going to commit troops to Ukraine, but it might 22 00:01:09,680 --> 00:01:11,080 Speaker 3: provide some air support. 23 00:01:11,520 --> 00:01:12,280 Speaker 2: What does that mean? 24 00:01:12,480 --> 00:01:14,440 Speaker 1: That's why Vice. 25 00:01:14,200 --> 00:01:18,760 Speaker 3: Admals Tony Radigan Admiral Robert has gone to Washington to 26 00:01:18,840 --> 00:01:22,080 Speaker 3: try and establish is this going to be wholesales support? 27 00:01:22,440 --> 00:01:24,840 Speaker 3: What are going to be the rules of engagement? Is 28 00:01:24,880 --> 00:01:28,120 Speaker 3: it going to be logistics? Is it intelligence? Is it surveillance? 29 00:01:28,920 --> 00:01:31,479 Speaker 2: Now, remember yesterday I told you that Hamas had agreed 30 00:01:31,520 --> 00:01:34,880 Speaker 2: to a ceasefire, sixty days ceasefire, and that the Israelis 31 00:01:34,880 --> 00:01:36,120 Speaker 2: were going to get back to us in a couple 32 00:01:36,120 --> 00:01:38,760 Speaker 2: of days. Well, the Israelis are calling up sixty thousand 33 00:01:38,800 --> 00:01:41,959 Speaker 2: reservists for a ground offensive to occupy all of Gaza City. 34 00:01:42,400 --> 00:01:45,240 Speaker 2: Hundreds of thousands of Palestinians in Gaza expected to be 35 00:01:45,360 --> 00:01:47,640 Speaker 2: ordered to evacuate to southern shelters. 36 00:01:47,960 --> 00:01:51,440 Speaker 4: As we've been hearing the Palestinians in Gaza City, you 37 00:01:51,480 --> 00:01:55,720 Speaker 4: are very aware that already in recent days things have intensified, 38 00:01:55,760 --> 00:01:59,960 Speaker 4: particularly on the outskirts of Gaza City, with demolitions taking place, 39 00:02:00,160 --> 00:02:04,080 Speaker 4: their more strikes, more artillery fire, and that is driving 40 00:02:04,120 --> 00:02:06,960 Speaker 4: people away from certain neighborhoods. 41 00:02:06,840 --> 00:02:09,919 Speaker 2: And from ban to fan. The White House is now 42 00:02:09,960 --> 00:02:13,399 Speaker 2: on TikTok. Here's a slippet of the first video, which 43 00:02:13,480 --> 00:02:15,440 Speaker 2: has already cocked up a million views. 44 00:02:15,720 --> 00:02:16,400 Speaker 5: Every day. 45 00:02:17,440 --> 00:02:22,360 Speaker 1: I wake up determined to deliver a better life for 46 00:02:22,440 --> 00:02:24,560 Speaker 1: the people all across this nation. 47 00:02:25,320 --> 00:02:34,280 Speaker 2: I am your voice. Okay, thanks for that. 48 00:02:34,360 --> 00:02:37,920 Speaker 1: Eight after five the First Word on the News of 49 00:02:37,960 --> 00:02:42,079 Speaker 1: the Day Early edition with Ryan Bridge and one Roote 50 00:02:42,280 --> 00:02:44,080 Speaker 1: Love Where you Live News Talks. 51 00:02:44,440 --> 00:02:46,160 Speaker 2: So we had the strike yesterday and we had the 52 00:02:46,200 --> 00:02:48,840 Speaker 2: government saying it's just a tantrum. The teachers are throwing 53 00:02:48,960 --> 00:02:53,800 Speaker 2: a tantrum, tantrum, they're using the students as ransom. And 54 00:02:53,840 --> 00:02:57,160 Speaker 2: then yesterday the Public Services Commissioner, Sir Brian Roach came 55 00:02:57,160 --> 00:02:59,200 Speaker 2: out and said, actually, we're going to review our offer. Now, 56 00:03:00,240 --> 00:03:04,040 Speaker 2: we're revising our offer to the teachers. Our initial offer, 57 00:03:04,080 --> 00:03:06,400 Speaker 2: he says, clearly hasn't hit the mark and we are 58 00:03:06,440 --> 00:03:09,600 Speaker 2: doing work on a revised offer. If it was a 59 00:03:09,639 --> 00:03:14,080 Speaker 2: tantrum like the government MPs said it was, the ministers 60 00:03:14,120 --> 00:03:19,160 Speaker 2: said it was, why would you reward bad behavior? What 61 00:03:19,480 --> 00:03:22,520 Speaker 2: kid throws a tantrum and then you give them a lollipop? No, 62 00:03:22,639 --> 00:03:25,240 Speaker 2: it doesn't happen, does it. So that's weird. Do you 63 00:03:25,240 --> 00:03:27,640 Speaker 2: think maybe the ministers went a little too far with 64 00:03:27,680 --> 00:03:30,320 Speaker 2: their er rehtoric At some point you're gonna gett around 65 00:03:30,320 --> 00:03:33,120 Speaker 2: the table. This report from the SAS, which we'll look 66 00:03:33,160 --> 00:03:35,560 Speaker 2: at just before five point thirty this morning, it's a 67 00:03:35,720 --> 00:03:38,640 Speaker 2: New Zealand's threat basically the threat level that we face 68 00:03:38,760 --> 00:03:42,640 Speaker 2: from global terrorism, from espionas whole bunch of stuff. It's 69 00:03:42,720 --> 00:03:45,800 Speaker 2: yet you think your Aussie gunman in christ Church, think 70 00:03:45,840 --> 00:03:49,600 Speaker 2: your neo Nazi types thinks Yajihardi extremists. They've come out 71 00:03:49,640 --> 00:03:53,760 Speaker 2: and said things that sound scary but all a bit vague. 72 00:03:54,120 --> 00:03:56,560 Speaker 2: I guess that's the essays for you. I'll just read 73 00:03:56,640 --> 00:03:58,680 Speaker 2: some of for you. This is the report that was 74 00:03:58,760 --> 00:04:03,680 Speaker 2: released ten minutes ago. A violent extremist attack is assessed 75 00:04:03,760 --> 00:04:06,840 Speaker 2: as being a realistic possibility in New Zealand. What does 76 00:04:06,880 --> 00:04:11,080 Speaker 2: that mean? Well, explains the likelihood there are violent extremists 77 00:04:11,200 --> 00:04:14,280 Speaker 2: in New Zealand right now with the credible intent and 78 00:04:14,480 --> 00:04:19,000 Speaker 2: the capability to undertake an attack or an ideologically motivated violence. 79 00:04:19,960 --> 00:04:22,320 Speaker 2: This has been the assessment, by the way, just before 80 00:04:22,360 --> 00:04:26,480 Speaker 2: you totally freak out, since twenty twenty two. But something's 81 00:04:26,600 --> 00:04:29,760 Speaker 2: changed and we can all see it. The global violent 82 00:04:29,880 --> 00:04:32,960 Speaker 2: extremist environment has changed and we are part of that 83 00:04:33,240 --> 00:04:37,719 Speaker 2: because the Internet. The most likely attacked scenario they reckon 84 00:04:37,760 --> 00:04:41,160 Speaker 2: in New Zealand is someone who acts alone, who has 85 00:04:41,360 --> 00:04:46,040 Speaker 2: radicalized online, who's prepared for violence without anyone else knowing, 86 00:04:46,720 --> 00:04:50,120 Speaker 2: and they'll carry out their attack. They reckon using basic weapons, 87 00:04:50,520 --> 00:04:54,200 Speaker 2: either a knife or a vehicle, or some combination of both. 88 00:04:54,480 --> 00:04:56,440 Speaker 2: We'll look at that at five twenty this morning. It 89 00:04:56,560 --> 00:04:59,440 Speaker 2: is eleven after Get ahead of. 90 00:04:59,520 --> 00:05:03,599 Speaker 1: The headline on early edition with Ryan Bridge and one 91 00:05:03,720 --> 00:05:05,320 Speaker 1: roof Love where you Live. 92 00:05:05,440 --> 00:05:06,280 Speaker 6: News Talks at Me. 93 00:05:07,520 --> 00:05:09,839 Speaker 2: So the government made a change just gone thirteen minutes 94 00:05:09,880 --> 00:05:12,080 Speaker 2: after five made a change and now it stile making 95 00:05:12,120 --> 00:05:14,680 Speaker 2: a change about the interchange fees that you pay when 96 00:05:14,720 --> 00:05:17,120 Speaker 2: you go and swipe your card, especially if it's a payWave, 97 00:05:17,320 --> 00:05:20,560 Speaker 2: there's an extra fee added. And most businesses have gone 98 00:05:20,560 --> 00:05:22,760 Speaker 2: all right, well, we're going to review this. Most councils 99 00:05:22,800 --> 00:05:26,680 Speaker 2: are going to go over except Auckland Transport. I'll get 100 00:05:26,680 --> 00:05:30,320 Speaker 2: to that a little later in the show, Bryan Bridge. 101 00:05:30,600 --> 00:05:34,440 Speaker 2: A violent extremist attack in New Zealand is a realistic possibility. 102 00:05:34,480 --> 00:05:37,520 Speaker 2: This is according to the sas the latest security report says, 103 00:05:37,600 --> 00:05:40,560 Speaker 2: we're up against the most challenging national security environment in 104 00:05:40,640 --> 00:05:44,720 Speaker 2: recent times. Foreign espionage is happening here, likely happening here 105 00:05:44,920 --> 00:05:49,080 Speaker 2: without us even knowing, targeting sensitive information and critical infrastructure. 106 00:05:49,240 --> 00:05:53,080 Speaker 2: John Battersby is a Massi University Center of Center for 107 00:05:53,200 --> 00:05:56,880 Speaker 2: Defense and Security Studies with me this morning, John, Good morning, Good. 108 00:05:56,760 --> 00:05:57,160 Speaker 6: Morning to you. 109 00:05:58,120 --> 00:05:59,719 Speaker 2: Do you find this alarming? 110 00:06:01,360 --> 00:06:03,520 Speaker 6: I don't know they find it alarming. I think I've 111 00:06:03,680 --> 00:06:06,040 Speaker 6: often been critical of New Zealand has been a bit 112 00:06:06,080 --> 00:06:10,000 Speaker 6: complacent about security issues and that we really do need 113 00:06:10,040 --> 00:06:11,480 Speaker 6: to face up to the fact that the world is 114 00:06:11,600 --> 00:06:14,400 Speaker 6: changing and that there are new things happening out there 115 00:06:14,440 --> 00:06:16,840 Speaker 6: and they're not always good. So we do need to 116 00:06:16,880 --> 00:06:19,560 Speaker 6: be a lot more aware of the types of security 117 00:06:19,640 --> 00:06:21,040 Speaker 6: risks that exist. 118 00:06:21,360 --> 00:06:21,520 Speaker 1: Now. 119 00:06:22,400 --> 00:06:24,600 Speaker 6: Whether I would say that for alarming, I'm not too sure. 120 00:06:24,640 --> 00:06:27,400 Speaker 6: I think a number of the thinking all of these 121 00:06:27,480 --> 00:06:30,919 Speaker 6: things are listed in the threat assessment have been sitting 122 00:06:31,480 --> 00:06:32,839 Speaker 6: sitting with us for quite some. 123 00:06:33,040 --> 00:06:36,880 Speaker 2: Time now, and there's no I mean, it's the sis. 124 00:06:36,960 --> 00:06:38,680 Speaker 2: So they're how they're going to tell you all their 125 00:06:38,760 --> 00:06:41,839 Speaker 2: workings and exactly what they're thinking is right, and where 126 00:06:41,880 --> 00:06:44,440 Speaker 2: the threats are and who they are. Is there enough 127 00:06:44,520 --> 00:06:46,880 Speaker 2: detail to go off for you to be confident in 128 00:06:46,960 --> 00:06:47,640 Speaker 2: their assessment. 129 00:06:48,680 --> 00:06:53,800 Speaker 6: I think there's enough contextual detail to be to be 130 00:06:54,040 --> 00:06:59,640 Speaker 6: confident that, yes, those security risks exist with this type 131 00:06:59,640 --> 00:07:02,400 Speaker 6: of report. As you say, there's just they don't give 132 00:07:02,440 --> 00:07:06,320 Speaker 6: a lot of detail. There is a fair bit of glossy, large, 133 00:07:06,640 --> 00:07:10,200 Speaker 6: large text in this, so they don't really provide enough 134 00:07:10,280 --> 00:07:13,280 Speaker 6: evidence to convince me that it's way worse than it 135 00:07:13,440 --> 00:07:15,920 Speaker 6: was last year. But then they know things we don't 136 00:07:16,880 --> 00:07:19,760 Speaker 6: and it's sort of one little advantage they have. It 137 00:07:19,840 --> 00:07:23,760 Speaker 6: wouldn't surprise me if things have got a little bit worse. 138 00:07:23,840 --> 00:07:27,480 Speaker 6: The geostrategic situation the Pacific is changing, there's a new 139 00:07:27,560 --> 00:07:29,840 Speaker 6: contender on the block has been there for a while. 140 00:07:30,480 --> 00:07:34,360 Speaker 6: That's going to affect how the Pacific is. Online extremism, 141 00:07:34,600 --> 00:07:37,320 Speaker 6: I can't see that it's ever going to reduce year 142 00:07:37,400 --> 00:07:40,880 Speaker 6: on year. It's just going to be so more common 143 00:07:40,920 --> 00:07:42,960 Speaker 6: each year, I think. So, I think that's probably there, 144 00:07:43,720 --> 00:07:46,120 Speaker 6: and yes, that's something we've been asleep to for a 145 00:07:46,200 --> 00:07:48,560 Speaker 6: long time. That is happening here. It's been happening here 146 00:07:48,680 --> 00:07:50,120 Speaker 6: on off I think for some time. 147 00:07:50,480 --> 00:07:53,440 Speaker 2: Is that like, do you mean a tax on infrastructure 148 00:07:53,720 --> 00:07:55,560 Speaker 2: cyber attacks that kind of thing, or do you mean 149 00:07:55,640 --> 00:07:57,760 Speaker 2: physical has been our spies. 150 00:07:57,760 --> 00:08:01,160 Speaker 6: I would say yeah. Look, I would say both. And 151 00:08:01,560 --> 00:08:04,200 Speaker 6: the actors that are doing the cybertech can be state 152 00:08:04,280 --> 00:08:07,120 Speaker 6: based or they can just be malicious actors, right, So 153 00:08:07,800 --> 00:08:12,440 Speaker 6: that's not becoming a less of a risk ever in espionage. 154 00:08:13,120 --> 00:08:16,080 Speaker 6: You know, look right back into the Cold War. If 155 00:08:16,120 --> 00:08:19,360 Speaker 6: there's a soft option somewhere, there are states condeending for 156 00:08:19,560 --> 00:08:23,440 Speaker 6: influence in geostrategic spaces, then yes, there will be a 157 00:08:23,560 --> 00:08:25,840 Speaker 6: degree of espionage going on here. 158 00:08:26,120 --> 00:08:29,040 Speaker 2: John, appreciate your time this morning, John Baddisbury, Massive University 159 00:08:29,120 --> 00:08:32,280 Speaker 2: Center for Defense and Security Studies. It's sixteen after five 160 00:08:32,360 --> 00:08:37,720 Speaker 2: on News talk s'b Ryan says John, different, John, publicizing 161 00:08:37,800 --> 00:08:40,800 Speaker 2: these comments only puts ideas into the heads of people 162 00:08:40,920 --> 00:08:44,840 Speaker 2: who do want to carry out and don't need much encouragement. Well, 163 00:08:45,040 --> 00:08:47,040 Speaker 2: you've got what do you mean to do? Then? The 164 00:08:47,240 --> 00:08:49,520 Speaker 2: reason they put these reports out is so that they 165 00:08:50,240 --> 00:08:54,320 Speaker 2: appear at least to have some transparency around them, because 166 00:08:54,360 --> 00:08:56,040 Speaker 2: we don't really know what they do or how they 167 00:08:56,160 --> 00:08:58,480 Speaker 2: do it. So they put out a report that's very 168 00:08:58,600 --> 00:09:01,599 Speaker 2: vague but gives you an idea of how scared you 169 00:09:01,640 --> 00:09:03,600 Speaker 2: should be of something. I think it's a reasonable thing 170 00:09:03,640 --> 00:09:08,440 Speaker 2: to do. Seventeen after five newstalks THEDB Fletchers next on. 171 00:09:08,520 --> 00:09:12,599 Speaker 1: Your radio and online on Iheard Radio Early Edition with 172 00:09:12,880 --> 00:09:16,280 Speaker 1: Ryan Bridge and one roof Love where You Live. 173 00:09:16,480 --> 00:09:19,360 Speaker 2: News Talks d been five nineteen on News Talks, SADB 174 00:09:19,520 --> 00:09:22,120 Speaker 2: Fletchers have had a pretty crappy year. It's fair to 175 00:09:22,240 --> 00:09:24,760 Speaker 2: say four hundred million bucks. The net loss for last 176 00:09:24,880 --> 00:09:27,880 Speaker 2: year twice as bad as the previous year six hundred 177 00:09:27,920 --> 00:09:31,160 Speaker 2: and forty million dollars and losses over two years. Julian 178 00:09:31,240 --> 00:09:35,640 Speaker 2: Lee's is a Building Industry Federation CEO with me this morning, Julian, good. 179 00:09:35,559 --> 00:09:37,360 Speaker 7: Morning, Good morning Ryan. 180 00:09:37,880 --> 00:09:40,080 Speaker 2: Geez, how much longer can you keep that up? 181 00:09:41,240 --> 00:09:44,760 Speaker 7: Oh? Look, it's I think only only fletchures could probably 182 00:09:44,800 --> 00:09:48,520 Speaker 7: withstand a loss like that. But it does underscore against 183 00:09:48,520 --> 00:09:51,560 Speaker 7: the broader downturn that we're seeing across the whole construction sector, 184 00:09:51,800 --> 00:09:54,680 Speaker 7: where these sorts of economic pressures that we're seeing are 185 00:09:54,760 --> 00:09:57,679 Speaker 7: really reducing profitability and activity. 186 00:09:58,559 --> 00:10:01,920 Speaker 2: Plus they've got this Sky City lawsuit hanging over them. 187 00:10:01,920 --> 00:10:03,600 Speaker 2: There's a whole bunch of other risks that have been 188 00:10:03,679 --> 00:10:04,440 Speaker 2: going to be factored in. 189 00:10:04,480 --> 00:10:07,839 Speaker 7: Two Yeah, look absolutely, but you know what, I think 190 00:10:07,880 --> 00:10:12,600 Speaker 7: the really interesting thing about this result was that they're 191 00:10:12,720 --> 00:10:15,760 Speaker 7: actually their underlying profit went from five hundred and nine 192 00:10:15,840 --> 00:10:18,319 Speaker 7: million out of three hundred and eighty four and that 193 00:10:18,480 --> 00:10:23,040 Speaker 7: really highlights the fact that they were having squeezed margins 194 00:10:23,520 --> 00:10:25,199 Speaker 7: across you know, all of their. 195 00:10:26,720 --> 00:10:27,640 Speaker 6: All of their work. 196 00:10:27,920 --> 00:10:30,760 Speaker 7: And that also again sort of highlights what we're seeing 197 00:10:30,800 --> 00:10:35,400 Speaker 7: around sort of delays, the and just just the low 198 00:10:35,520 --> 00:10:38,559 Speaker 7: margins that that that the sector is now having to face. 199 00:10:38,720 --> 00:10:40,600 Speaker 7: And that's and that's not good. 200 00:10:41,200 --> 00:10:44,400 Speaker 2: And the way that they're talking is like basically they're 201 00:10:44,440 --> 00:10:46,840 Speaker 2: in a holding pattern at the moment, they're hunkering down, 202 00:10:46,920 --> 00:10:52,040 Speaker 2: you know, environment remains uncertain, focus on cost control, operational discipline, 203 00:10:52,040 --> 00:10:52,880 Speaker 2: all that sort of stuff. 204 00:10:54,160 --> 00:10:57,560 Speaker 7: Yeah, which is probably the sensible thing particularly I guess, 205 00:10:58,000 --> 00:11:00,319 Speaker 7: you know, they talk to their shareholders. But but you know, 206 00:11:00,480 --> 00:11:04,000 Speaker 7: if look at the sector, we've gone from last year 207 00:11:04,040 --> 00:11:06,920 Speaker 7: we had ninety nine billion dollars across building in construction. 208 00:11:07,000 --> 00:11:10,920 Speaker 7: That's dropped five billion dollars to ninety four billion this year. 209 00:11:11,400 --> 00:11:13,200 Speaker 7: So it's come down a lot. We've seen a lot 210 00:11:13,280 --> 00:11:16,920 Speaker 7: of job losses. I think it's been reported around twelve thousand. 211 00:11:17,120 --> 00:11:20,559 Speaker 7: So they are taking that conservative approach. I guess what 212 00:11:20,640 --> 00:11:22,720 Speaker 7: we have to now to look at is what's going 213 00:11:22,800 --> 00:11:24,959 Speaker 7: to be the things are going to drive the sort 214 00:11:24,960 --> 00:11:28,400 Speaker 7: of recovery you know, are there signs that you know 215 00:11:28,480 --> 00:11:30,719 Speaker 7: building and construction is going to come out of this? 216 00:11:30,920 --> 00:11:32,400 Speaker 7: Are we at the bottom Bryan? 217 00:11:33,400 --> 00:11:36,319 Speaker 2: We'll see how those OCI cuts announced yesterday and the 218 00:11:36,400 --> 00:11:39,520 Speaker 2: track Ford impact that Julian, thank you. That's Julian Lees 219 00:11:39,600 --> 00:11:43,439 Speaker 2: who's Building Industry Federation Team executive on Fletcher's result. Time 220 00:11:43,520 --> 00:11:47,360 Speaker 2: is twenty one minutes after five Bryant Bridge. So you 221 00:11:47,480 --> 00:11:50,160 Speaker 2: know when the government came out and said about the 222 00:11:50,520 --> 00:11:54,319 Speaker 2: transaction fees, the card fees when you swipe your payWave, well, 223 00:11:54,520 --> 00:11:57,200 Speaker 2: when you do it in Auckland and go park a car, 224 00:11:57,640 --> 00:12:02,199 Speaker 2: Auckland Transport charges you fifty cents. A fifty centence transaction 225 00:12:02,400 --> 00:12:05,280 Speaker 2: fee applies to whatever it is that you're paying for 226 00:12:05,360 --> 00:12:08,839 Speaker 2: your parking. This has always annoyed me because there is 227 00:12:08,960 --> 00:12:13,120 Speaker 2: no alternative. You can't pay cash, and you cannot use 228 00:12:13,120 --> 00:12:16,240 Speaker 2: an f post card. You have to tap. And if 229 00:12:16,280 --> 00:12:18,400 Speaker 2: you can't tap, well presumably you could do it online. 230 00:12:18,400 --> 00:12:20,360 Speaker 2: I don't know. But when you if you turn up there, 231 00:12:20,600 --> 00:12:23,719 Speaker 2: you can't tap, you can't cash. You've got to, you know, 232 00:12:23,840 --> 00:12:26,920 Speaker 2: pay your fifty cents now they've come out and said 233 00:12:27,320 --> 00:12:29,959 Speaker 2: we're not changing that. We don't think we have to. 234 00:12:30,280 --> 00:12:34,880 Speaker 2: How arrogant. Even Wilson Parking, who's you know, everyone thinks 235 00:12:34,880 --> 00:12:38,120 Speaker 2: it's pretty much hitler. Even Wilson Parking is saying that 236 00:12:38,160 --> 00:12:42,319 Speaker 2: they're going to revise their fees. Even Wellington City Council, 237 00:12:42,440 --> 00:12:47,040 Speaker 2: who everyone thinks is you know, well woeful. Even they're 238 00:12:47,080 --> 00:12:50,600 Speaker 2: reviewing their fee and guess what their fee is? Thirty cents? 239 00:12:51,360 --> 00:12:55,120 Speaker 2: So why is two things? Why is Auckland's fifty and 240 00:12:55,240 --> 00:13:00,160 Speaker 2: Wellington's thirty? And why is Auckland Transport the only only 241 00:13:00,240 --> 00:13:03,920 Speaker 2: one not budging the answer? Because there are a bunch 242 00:13:03,960 --> 00:13:08,920 Speaker 2: of a holes. Twenty three after five the early. 243 00:13:08,920 --> 00:13:14,080 Speaker 1: Edition full show podcast on iHeartRadio how It by NEWSTALKSB. 244 00:13:14,640 --> 00:13:17,480 Speaker 2: News talksb it is twenty five minutes after five. Nine 245 00:13:17,520 --> 00:13:19,600 Speaker 2: to ninety two is the number to text on your 246 00:13:19,640 --> 00:13:22,679 Speaker 2: Thursday morning. Remember just a few weeks ago John Key 247 00:13:22,800 --> 00:13:25,960 Speaker 2: came out and he said he wanted one hundred basis 248 00:13:26,000 --> 00:13:29,400 Speaker 2: point cut from the Reserve Bank. Well, they almost gave 249 00:13:29,480 --> 00:13:32,120 Speaker 2: him what he wanted yesterday. It's easy to be an 250 00:13:32,240 --> 00:13:34,960 Speaker 2: armchair critic of the boffins. Down at number two. The terrorists. 251 00:13:34,960 --> 00:13:37,920 Speaker 2: They should have gone for fifty Club twenty five was 252 00:13:37,960 --> 00:13:42,000 Speaker 2: too cautious. But markets listeners much to the guff after 253 00:13:42,200 --> 00:13:45,439 Speaker 2: the big announcement as they do the actual announcement. And 254 00:13:45,480 --> 00:13:47,679 Speaker 2: if you need proof of that, already, retail banks have 255 00:13:47,760 --> 00:13:50,880 Speaker 2: started slashing mortgage rates, both variable and fixed. That's on 256 00:13:50,960 --> 00:13:53,040 Speaker 2: top of the cuts that they already made last week. 257 00:13:53,120 --> 00:13:55,560 Speaker 2: Pricing in the twenty five Some of the big ones 258 00:13:55,640 --> 00:13:58,760 Speaker 2: will in the coming weeks, some say, some economists picking 259 00:13:58,920 --> 00:14:01,520 Speaker 2: get down to four and a half on short term fixed. 260 00:14:02,080 --> 00:14:05,200 Speaker 2: Look how the currency markets reacted. These guys were surprised. 261 00:14:06,160 --> 00:14:08,760 Speaker 2: Coming out with what is essentially a triple shot to 262 00:14:08,840 --> 00:14:13,760 Speaker 2: two point five by Christmas is a strong signal to send. 263 00:14:14,559 --> 00:14:16,839 Speaker 2: It's easy to get caught up in the hysteria of 264 00:14:17,040 --> 00:14:20,400 Speaker 2: calls for double shot all at once, but the bank 265 00:14:20,600 --> 00:14:22,520 Speaker 2: can have its cake and eat it to eat it too, 266 00:14:23,160 --> 00:14:26,600 Speaker 2: get businesses and households spending without risking inflation which is 267 00:14:26,720 --> 00:14:30,640 Speaker 2: touching cloth on three percent. Yes, they do look through 268 00:14:30,920 --> 00:14:34,120 Speaker 2: near term inflation, but there's also heat in the provinces. 269 00:14:34,200 --> 00:14:37,440 Speaker 2: It's not all about Auckland. And remember the days of 270 00:14:37,560 --> 00:14:40,920 Speaker 2: Adrian Or where the Reserve Bank hiked the rate quick 271 00:14:40,960 --> 00:14:43,680 Speaker 2: as a sherper up Mount Everest before nose diving it 272 00:14:43,800 --> 00:14:47,600 Speaker 2: back down again. You can achieve the same outcome without 273 00:14:47,880 --> 00:14:53,240 Speaker 2: risking overcooking things again, repeating the same mistakes. It's only 274 00:14:53,440 --> 00:14:56,160 Speaker 2: six or so weeks till the next call. If they 275 00:14:56,560 --> 00:14:59,720 Speaker 2: do need more, they can do more. There's no doubt 276 00:14:59,720 --> 00:15:02,800 Speaker 2: we've had we've had a quarter two recovery blip, but 277 00:15:02,960 --> 00:15:08,160 Speaker 2: we've had promising July manufacturing data. We've got improving services 278 00:15:08,200 --> 00:15:10,680 Speaker 2: sector data out last week. All of that stuff is happening. 279 00:15:10,720 --> 00:15:13,920 Speaker 2: All of that stuff is good and showing promise. The 280 00:15:14,040 --> 00:15:18,480 Speaker 2: message is clear though. We're not walking back to Everest camp. 281 00:15:18,680 --> 00:15:21,200 Speaker 2: We are walking back to Everest camp. Rather, we're not running. 282 00:15:21,240 --> 00:15:23,880 Speaker 2: We're not in a hurry, we're not sprinting. And given 283 00:15:23,920 --> 00:15:26,880 Speaker 2: the over and undercooking that went on under Or, that's 284 00:15:27,080 --> 00:15:30,760 Speaker 2: probably the right speed. So I'm with the four in 285 00:15:30,920 --> 00:15:36,120 Speaker 2: club twenty five with a caveat for now Brich twenty 286 00:15:36,200 --> 00:15:39,720 Speaker 2: seven after five. Now, let's here from Christian Hooksby, who 287 00:15:39,880 --> 00:15:42,240 Speaker 2: was at the press conference at the Reserve Bank yesterday. 288 00:15:43,040 --> 00:15:46,080 Speaker 8: I mean, another key message for both households and businesses 289 00:15:46,280 --> 00:15:49,640 Speaker 8: is that they can have confidence that inflation is going 290 00:15:49,760 --> 00:15:52,760 Speaker 8: to remain low and stable into the future, and they 291 00:15:52,800 --> 00:15:56,120 Speaker 8: should base their decisions on being in that environment. 292 00:15:57,080 --> 00:15:59,200 Speaker 2: Yes, So then you go, there's Christian Hawksby he'll be 293 00:15:59,280 --> 00:16:01,680 Speaker 2: on with Mike l on this morning twenty eight minutes 294 00:16:01,720 --> 00:16:04,680 Speaker 2: after five, and Ryan Napier City Council Hastings and a 295 00:16:04,720 --> 00:16:08,840 Speaker 2: couple of others says Blair don't even have the extra 296 00:16:08,960 --> 00:16:12,000 Speaker 2: parking transaction fee, not to mention the two dollars an 297 00:16:12,000 --> 00:16:15,000 Speaker 2: hour to park. Well, yeah, that'd be a dream, wouldn't it. 298 00:16:15,760 --> 00:16:18,400 Speaker 2: I have still have no resolution. By the way, it's 299 00:16:18,640 --> 00:16:21,520 Speaker 2: no resolution to my personal parking problems, which I know 300 00:16:21,800 --> 00:16:24,000 Speaker 2: are not the most important thing in the world. But 301 00:16:24,160 --> 00:16:26,720 Speaker 2: you get stung for it. You get a ticket outside 302 00:16:26,760 --> 00:16:29,320 Speaker 2: parking outside your house, even though you've got a permit 303 00:16:29,440 --> 00:16:31,720 Speaker 2: that they make you pay for and they know you've 304 00:16:31,760 --> 00:16:34,240 Speaker 2: got And then the guys who walk around with the 305 00:16:34,280 --> 00:16:36,840 Speaker 2: little machines they come along, and they meant to check 306 00:16:37,120 --> 00:16:39,840 Speaker 2: first before they ticket your car. They should check and 307 00:16:39,920 --> 00:16:45,280 Speaker 2: say does this person have a permit? And two times 308 00:16:45,360 --> 00:16:47,360 Speaker 2: now in the last month they have given me a 309 00:16:47,400 --> 00:16:49,440 Speaker 2: ticket even though I have a permit. And what you 310 00:16:49,600 --> 00:16:51,640 Speaker 2: then have to do is write in and then you 311 00:16:51,760 --> 00:16:54,120 Speaker 2: have to wait for them to reply to your letter 312 00:16:54,560 --> 00:16:56,920 Speaker 2: and then you call them. You call Auckland Transport and 313 00:16:57,000 --> 00:17:00,160 Speaker 2: they say we no longer have a phone. Number of 314 00:17:00,200 --> 00:17:02,520 Speaker 2: months ago, you used to be able to be put 315 00:17:02,640 --> 00:17:05,320 Speaker 2: through to the team who does this and complain and 316 00:17:05,440 --> 00:17:08,920 Speaker 2: say you know this is obviously unfair or whatever. No, 317 00:17:09,320 --> 00:17:12,160 Speaker 2: can't do that anymore. You cannot even speak to them. 318 00:17:12,640 --> 00:17:14,440 Speaker 2: You can speak to a call center, but it's not 319 00:17:14,520 --> 00:17:16,840 Speaker 2: the right one. They are in different parts of the 320 00:17:16,880 --> 00:17:21,720 Speaker 2: building apparently. So there we go. Hey, Zesprey, I know 321 00:17:21,800 --> 00:17:23,840 Speaker 2: we like talking about Zesprey. They've come out with the 322 00:17:24,040 --> 00:17:27,680 Speaker 2: twenty five to twenty six season look ahead and it's 323 00:17:27,720 --> 00:17:30,199 Speaker 2: pretty impressive. I'll get to that once we get back 324 00:17:30,240 --> 00:17:32,639 Speaker 2: from News at five point thirty and Where to the 325 00:17:32,760 --> 00:17:48,440 Speaker 2: States with Mitch McCann. Used Talk ZB, Views. 326 00:17:48,160 --> 00:17:51,400 Speaker 1: And Views You Trust to start your day. It's early 327 00:17:51,560 --> 00:17:55,640 Speaker 1: edition with Ryan Bridge and one roof Love, Where you Live, 328 00:17:56,040 --> 00:17:56,880 Speaker 1: Us Talks EDB. 329 00:18:03,200 --> 00:18:03,399 Speaker 9: Not on. 330 00:18:03,440 --> 00:18:05,920 Speaker 2: You're on News Talks V twenty four away from sixth 331 00:18:05,960 --> 00:18:07,560 Speaker 2: Great to have your company this morning. We'll get to 332 00:18:07,560 --> 00:18:10,200 Speaker 2: our reporters around the country very shortly. Nikola willis on 333 00:18:10,280 --> 00:18:13,280 Speaker 2: the OCR before six o'clock. Mitch McCann and the US 334 00:18:13,440 --> 00:18:16,200 Speaker 2: on Ukraine. I like this text from you, Luke. We 335 00:18:16,240 --> 00:18:18,479 Speaker 2: were just talking about all can transport and when they 336 00:18:19,359 --> 00:18:21,440 Speaker 2: you know, when you get a fine that actually you 337 00:18:21,520 --> 00:18:24,240 Speaker 2: should never have received, and then you spend half of 338 00:18:24,400 --> 00:18:26,720 Speaker 2: your the rest of your life trying to get off it. 339 00:18:28,640 --> 00:18:32,320 Speaker 2: Luke suggests, when I go back, when they come back 340 00:18:32,359 --> 00:18:34,440 Speaker 2: to me and say, actually, you're right, we shouldn't have 341 00:18:34,480 --> 00:18:37,119 Speaker 2: done this to you, then I go back to them 342 00:18:37,200 --> 00:18:40,200 Speaker 2: with a bill. And then just for fun, given that 343 00:18:40,280 --> 00:18:43,119 Speaker 2: they are adding fifty cents to every transaction when you 344 00:18:43,560 --> 00:18:46,840 Speaker 2: use a parking machine, which is way more than Wellington's doing, 345 00:18:47,160 --> 00:18:49,520 Speaker 2: and they're not reviewing it even though the government told 346 00:18:49,560 --> 00:18:52,239 Speaker 2: them to, Luke suggests I go back and add an 347 00:18:52,280 --> 00:18:54,960 Speaker 2: extra say three percent four percent to the bill, just 348 00:18:55,040 --> 00:18:58,520 Speaker 2: as a transaction feed. Don't don't be too specific, just 349 00:18:58,600 --> 00:19:00,960 Speaker 2: be a little bit spiteful, Luke. I like the way 350 00:19:01,000 --> 00:19:03,160 Speaker 2: that you're thinking. This morning twenty three Away from Sex 351 00:19:04,320 --> 00:19:08,199 Speaker 2: our reporters Callen Is and Dunedin First Clum, Good morning morning, right, 352 00:19:08,440 --> 00:19:10,879 Speaker 2: what's the latest situation at the Milburn prison. 353 00:19:12,520 --> 00:19:14,840 Speaker 10: Correction staff there have been working into the night rind 354 00:19:14,880 --> 00:19:17,440 Speaker 10: to try and talk this inmate down from the roof 355 00:19:18,000 --> 00:19:20,879 Speaker 10: of the Otago Corrections Facility unit. This is south of 356 00:19:20,960 --> 00:19:24,639 Speaker 10: Dunedin at Millburn. The remand prisoner climbed up onto the 357 00:19:24,720 --> 00:19:27,639 Speaker 10: roof of about a quarter to one yesterday afternoon. That 358 00:19:27,760 --> 00:19:32,200 Speaker 10: prompted Corrections to deploy its specialist working at heights. Team 359 00:19:33,320 --> 00:19:36,400 Speaker 10: Fire and Emergency have also been assisting the facility General 360 00:19:36,440 --> 00:19:39,520 Speaker 10: Manager's Dave Miller. He says the prisoner has refused to comply, 361 00:19:39,760 --> 00:19:42,680 Speaker 10: but there is no threat to the prison's security. He 362 00:19:42,720 --> 00:19:45,840 Speaker 10: says staff have worked in extremely cold and difficult conditions 363 00:19:46,280 --> 00:19:49,479 Speaker 10: and another update will be provided later this morning. Right, 364 00:19:49,520 --> 00:19:53,960 Speaker 10: how's your weather fine? Chance for shower, westerlies and thirteen today. 365 00:19:54,080 --> 00:19:55,960 Speaker 10: Cheers Callum clais and christ Church morning. 366 00:19:55,760 --> 00:19:58,480 Speaker 2: Claire, good morning. So you had a chat yesterday the 367 00:19:58,560 --> 00:20:01,639 Speaker 2: council about where to put national arabus memorial. Has there 368 00:20:01,720 --> 00:20:02,400 Speaker 2: been a decision? 369 00:20:02,920 --> 00:20:05,520 Speaker 11: Yes, there has been a decision and Christchurch City Councilors 370 00:20:05,560 --> 00:20:07,960 Speaker 11: have agreed to offer up but two different options for 371 00:20:08,119 --> 00:20:12,680 Speaker 11: an arabus memorial here. The first is Craycroft Reserve at Cashmere. 372 00:20:13,000 --> 00:20:14,919 Speaker 11: The second is a spot on the bank of. 373 00:20:14,920 --> 00:20:18,080 Speaker 12: The Avon River. Now, this is despite the majority of 374 00:20:18,160 --> 00:20:21,159 Speaker 12: the families connected to the Arabis crash, hoping that it 375 00:20:21,200 --> 00:20:24,679 Speaker 12: would be in Auckland. The Ministry for Culture and Heritage though, 376 00:20:24,760 --> 00:20:28,080 Speaker 12: so they did look at Auckland locations and simply couldn't 377 00:20:28,160 --> 00:20:32,960 Speaker 12: find somewhere suitable. Aviation historian Richard war says Christchurch is 378 00:20:33,119 --> 00:20:36,720 Speaker 12: ultimately the gateway to Antarctica. He also says it's important 379 00:20:37,119 --> 00:20:39,560 Speaker 12: we move quickly here because a lot of the victims' 380 00:20:39,560 --> 00:20:42,160 Speaker 12: family members are now getting older, so there's a sense 381 00:20:42,200 --> 00:20:46,120 Speaker 12: of pastoral urgency to get this done. Some councilors still 382 00:20:46,160 --> 00:20:48,840 Speaker 12: remain concerned about a lack of buy and from families, 383 00:20:49,119 --> 00:20:50,920 Speaker 12: so the mayor has invited them down to have a 384 00:20:50,960 --> 00:20:52,919 Speaker 12: look for themselves and see what's being offered. 385 00:20:53,040 --> 00:20:55,720 Speaker 2: All right, how's your weather, but cloudy. 386 00:20:55,440 --> 00:20:58,399 Speaker 12: Some isolated showers clearing in the evening. 387 00:20:58,560 --> 00:21:01,720 Speaker 2: Are high of eleven excellent in Wellington. Good morning, Mechs 388 00:21:02,040 --> 00:21:04,600 Speaker 2: Good morning like lowerhart Mere, Campbell Berry He's won this 389 00:21:04,880 --> 00:21:06,240 Speaker 2: missy legal bait battle. 390 00:21:06,960 --> 00:21:10,680 Speaker 5: Yeah Campbell Barry has been engaged in Yeah, Messi is 391 00:21:10,720 --> 00:21:14,560 Speaker 5: the right word. A property dispute that's involved his estranged 392 00:21:14,680 --> 00:21:18,360 Speaker 5: mother in law, who had more recently even started supporting 393 00:21:18,480 --> 00:21:22,600 Speaker 5: Barry's political rivals, which I assume really been driving a 394 00:21:22,680 --> 00:21:25,320 Speaker 5: wedge in family dinners. This is about a Wainoya Matter 395 00:21:25,400 --> 00:21:29,280 Speaker 5: property that they bought in twenty nineteen. The Barries, along 396 00:21:29,359 --> 00:21:32,960 Speaker 5: with his wife's parents. The four intended to all live 397 00:21:33,000 --> 00:21:35,760 Speaker 5: together on the property, share costs, etc. But when the 398 00:21:35,880 --> 00:21:41,320 Speaker 5: parents themselves separated, the mother apparently stopped paying costs, refused 399 00:21:41,359 --> 00:21:45,639 Speaker 5: to be bought out. Q grievances, allegations, court filings, different 400 00:21:45,680 --> 00:21:50,080 Speaker 5: amounts in terms of cash deposits, who's entitled to exactly what? Should? 401 00:21:50,080 --> 00:21:54,480 Speaker 5: Even started supporting it and linking herself with a political 402 00:21:54,640 --> 00:21:57,480 Speaker 5: rival of Campbell Barry, a former counselor who had also 403 00:21:57,600 --> 00:22:01,320 Speaker 5: taken him to court. Comments on Facebook messages YadA, YadA, YadA. 404 00:22:01,440 --> 00:22:04,359 Speaker 5: A judge has now determined she's out in terms of 405 00:22:04,440 --> 00:22:07,480 Speaker 5: the property and some quite critical comments about her as well. 406 00:22:07,520 --> 00:22:07,840 Speaker 2: The mother. 407 00:22:08,280 --> 00:22:10,880 Speaker 5: Barry, of course himself on his way out as mayor 408 00:22:11,000 --> 00:22:14,639 Speaker 5: this year, we understand, hoping to possibly get a cushy 409 00:22:14,720 --> 00:22:16,399 Speaker 5: job at the new regional water entity. 410 00:22:16,880 --> 00:22:19,639 Speaker 2: A I was gonna ask what was his next move is? 411 00:22:19,640 --> 00:22:23,160 Speaker 2: They're going to look at at Parliament. I see right. 412 00:22:23,520 --> 00:22:24,480 Speaker 2: How's your weather? 413 00:22:25,040 --> 00:22:25,240 Speaker 7: Yes? 414 00:22:25,280 --> 00:22:28,600 Speaker 5: Perhaps a bit too early for central government. Early showers 415 00:22:28,640 --> 00:22:30,720 Speaker 5: more strong SOUTHERLY'ST ten the high Central. 416 00:22:30,480 --> 00:22:34,080 Speaker 2: Taks, Thanks Neva's and Auckland. Heyneva, good morning. Busy few 417 00:22:34,160 --> 00:22:37,600 Speaker 2: months ahead at the Auckland International Convention Center. 418 00:22:37,800 --> 00:22:41,280 Speaker 13: Yes, that convention center. I can tell you that it's 419 00:22:41,320 --> 00:22:43,600 Speaker 13: going to hold its first event later this year. So 420 00:22:44,040 --> 00:22:47,840 Speaker 13: Skycidy is expected to take the keys in October, and 421 00:22:48,200 --> 00:22:50,400 Speaker 13: this will allow them to start putting in the furniture 422 00:22:50,720 --> 00:22:54,520 Speaker 13: testing systems and they're even going to do practice catering runs. 423 00:22:55,680 --> 00:22:57,760 Speaker 13: Future boss Andrew Reading says that there's lots of other 424 00:22:57,840 --> 00:23:01,440 Speaker 13: stuff happening until then. He saying that the construction works 425 00:23:01,480 --> 00:23:06,560 Speaker 13: there effectively complete. They've got acceptance testing, compliance processes well underway. 426 00:23:07,359 --> 00:23:09,280 Speaker 13: And also two all eyes will be on this because 427 00:23:09,560 --> 00:23:11,560 Speaker 13: sky City is going to release it's any results. That's 428 00:23:11,560 --> 00:23:13,000 Speaker 13: happening about eight thirty this morning. 429 00:23:13,160 --> 00:23:16,320 Speaker 2: There's a lot of hubbub around that one. Well, hubbabe. 430 00:23:16,720 --> 00:23:19,960 Speaker 2: How's the weather today, fine morning, frost. 431 00:23:20,200 --> 00:23:23,160 Speaker 13: Bit cool fourteen is the high urinal. Yes, the old 432 00:23:23,240 --> 00:23:24,280 Speaker 13: Southeries are whipping in. 433 00:23:24,480 --> 00:23:26,399 Speaker 2: They are, and there's no clod cover, so we're a 434 00:23:26,400 --> 00:23:29,640 Speaker 2: bit freezy, bit nippy. Thanks Neiva. Nineteen minutes away from 435 00:23:29,720 --> 00:23:31,800 Speaker 2: six News Talks, there'd be Mitch McCann next out of 436 00:23:31,840 --> 00:23:34,879 Speaker 2: the US and Nikola willis live before six on the 437 00:23:34,920 --> 00:23:37,359 Speaker 2: OCR News Talks there be. It is sixteen minutes away 438 00:23:37,400 --> 00:23:40,159 Speaker 2: from six, Ryan, This is from Jake. Why don't they 439 00:23:40,280 --> 00:23:42,800 Speaker 2: just simply leave that prisoner on the roof. You'll soon 440 00:23:42,840 --> 00:23:46,080 Speaker 2: get hungry, he'll get bored, he'll get tired, and if 441 00:23:46,119 --> 00:23:48,280 Speaker 2: this was in South America, of course they'd start shooting 442 00:23:48,320 --> 00:23:50,080 Speaker 2: around him until he got off the roof. Well, we're 443 00:23:50,119 --> 00:23:53,360 Speaker 2: not quite there, but I agree with you. Why we're 444 00:23:53,400 --> 00:23:57,240 Speaker 2: sending a high team, the high assistance team who deal 445 00:23:57,359 --> 00:24:00,720 Speaker 2: with people on roofs at prisons. Why bother doing that? 446 00:24:00,920 --> 00:24:03,280 Speaker 2: Just leave him up there until he gets hungry or 447 00:24:03,359 --> 00:24:06,159 Speaker 2: it rains. Six thing away from. 448 00:24:06,119 --> 00:24:10,560 Speaker 1: Six International correspondence with Ends and Eye Insurance, Peace of 449 00:24:10,640 --> 00:24:11,960 Speaker 1: Mind for New Zealand business. 450 00:24:12,920 --> 00:24:15,960 Speaker 2: Pentagon is going to discuss the security guarantee for Ukraine. 451 00:24:15,960 --> 00:24:18,439 Speaker 2: Mitch McCann is stateside for US. Mitch, what are they 452 00:24:18,520 --> 00:24:19,040 Speaker 2: talking about? 453 00:24:19,760 --> 00:24:22,080 Speaker 9: Yeah, good morning, Ryan. Well, look, officials in Washington are 454 00:24:22,200 --> 00:24:24,359 Speaker 9: pretty positive. I think we can say after the meeting 455 00:24:24,400 --> 00:24:28,320 Speaker 9: between Zelensky, European leaders and Donald Trump earlier this week. 456 00:24:28,400 --> 00:24:31,440 Speaker 9: But that's right. Military chiefs from NATO's thirty two member 457 00:24:31,480 --> 00:24:34,679 Speaker 9: countries are going to meet virtually with US officials at 458 00:24:34,680 --> 00:24:38,840 Speaker 9: the Pentagon today to discuss security guarantees for Ukraine. What 459 00:24:38,920 --> 00:24:42,840 Speaker 9: can this actually look like, because according to the Trump administration, 460 00:24:43,040 --> 00:24:46,840 Speaker 9: Russia is open to security guarantees for Ukraine, but there 461 00:24:46,840 --> 00:24:49,320 Speaker 9: are still plenty of questions on how that would actually work. 462 00:24:49,720 --> 00:24:52,760 Speaker 9: Donald Trump said the US won't be putting troops on 463 00:24:52,840 --> 00:24:55,960 Speaker 9: the ground. There are reports the UK doesn't want troops 464 00:24:56,000 --> 00:24:58,240 Speaker 9: on the front line, So what does that mean for 465 00:24:58,359 --> 00:25:01,200 Speaker 9: security guarantees. The other thing like keeping a close eye 466 00:25:01,280 --> 00:25:04,160 Speaker 9: on after those talks in Monday is a meeting between 467 00:25:04,240 --> 00:25:07,240 Speaker 9: Voladimir Lensky and Vladimir Putin. Now, this is what Donald 468 00:25:07,240 --> 00:25:11,480 Speaker 9: Trump wants, this is what Zelenski wants, but it's something 469 00:25:11,520 --> 00:25:15,560 Speaker 9: that really isn't exciting the Russians at the moment, it says, Well, 470 00:25:15,680 --> 00:25:18,760 Speaker 9: it's been reported one of the deputy representatives to the 471 00:25:18,920 --> 00:25:22,399 Speaker 9: UN told the BBC today that there's no reason for 472 00:25:22,480 --> 00:25:25,320 Speaker 9: a meeting just for the sake of having a meeting. 473 00:25:25,640 --> 00:25:28,080 Speaker 9: So we'll see if one actually happens in the coming weeks. 474 00:25:28,160 --> 00:25:30,560 Speaker 2: All right, Mitch, thanks for that. Mitch McCann stateside for 475 00:25:30,640 --> 00:25:33,880 Speaker 2: US this morning, just gone fourteen minutes away from six 476 00:25:34,400 --> 00:25:37,159 Speaker 2: Bryan Bridge. So the OCI was cut twenty five, not 477 00:25:37,440 --> 00:25:40,600 Speaker 2: fifty points to three percent yesterday. A split decision means 478 00:25:40,640 --> 00:25:42,720 Speaker 2: two of the committee members wanted to go bigger and 479 00:25:42,800 --> 00:25:45,960 Speaker 2: go harder at four in club twenty five. And this 480 00:25:46,160 --> 00:25:48,399 Speaker 2: is the big news yesterday. Really they've signaled down to 481 00:25:48,480 --> 00:25:51,080 Speaker 2: two and a half percent potentially by Christmas. We also 482 00:25:51,160 --> 00:25:53,840 Speaker 2: found out inflation expected to get three percent for the 483 00:25:53,960 --> 00:25:57,240 Speaker 2: September quarter. Nikola Willis, as the Finance Minister, joins me 484 00:25:57,320 --> 00:25:58,040 Speaker 2: this morning, Good. 485 00:25:57,960 --> 00:25:59,800 Speaker 6: Morning, good morning man. 486 00:26:00,080 --> 00:26:02,680 Speaker 2: So they didn't cut both fifty a third of them 487 00:26:02,760 --> 00:26:03,639 Speaker 2: think we needed to. 488 00:26:05,440 --> 00:26:05,480 Speaker 7: Do. 489 00:26:05,600 --> 00:26:08,960 Speaker 2: You are they doing the heavy lifting that you have 490 00:26:09,119 --> 00:26:10,200 Speaker 2: said that they need to do. 491 00:26:11,840 --> 00:26:16,080 Speaker 14: It's really important that monetary policy can stimulate the economy 492 00:26:16,680 --> 00:26:19,640 Speaker 14: and that's what the Reserve Bank made a very clear 493 00:26:19,680 --> 00:26:23,240 Speaker 14: decision to do tomorrow or ensure that interest rates can 494 00:26:23,320 --> 00:26:27,200 Speaker 14: fall further so that people are paying less for their debts, 495 00:26:27,200 --> 00:26:29,479 Speaker 14: so there's more money in people's pockets, so they can 496 00:26:29,560 --> 00:26:34,560 Speaker 14: be more money circulating in the economy, generating activity, jobs, growth, 497 00:26:35,160 --> 00:26:36,680 Speaker 14: all of the things we want to see. 498 00:26:37,200 --> 00:26:39,840 Speaker 2: We have businesses going to the wall, we have people 499 00:26:39,960 --> 00:26:43,119 Speaker 2: cutting back on groceries because they're so expensive. We know 500 00:26:43,280 --> 00:26:46,440 Speaker 2: that we've had a faulded recovery in quarter two. Does 501 00:26:46,560 --> 00:26:49,720 Speaker 2: this strengthen an argument for you to get involved and 502 00:26:49,920 --> 00:26:51,200 Speaker 2: do a bit of stimulus. 503 00:26:52,720 --> 00:26:55,720 Speaker 14: Well, we're veryware of all of those pressures which were 504 00:26:55,920 --> 00:26:59,719 Speaker 14: exacerbated in the second three months of this year following 505 00:26:59,760 --> 00:27:02,720 Speaker 14: the Trump tariffs. What the Reserve Bank, if you're clear 506 00:27:02,800 --> 00:27:06,080 Speaker 14: about in their full statement which they released yesterday, is 507 00:27:06,119 --> 00:27:09,720 Speaker 14: that the government, by controlling its own spending, is in 508 00:27:09,800 --> 00:27:13,479 Speaker 14: pressure off inflation, allowing the Reserve Bank to deliver these 509 00:27:13,560 --> 00:27:17,119 Speaker 14: interrast rate reductions. It's my view that in the absence 510 00:27:17,200 --> 00:27:20,119 Speaker 14: of control government spending, it would be very difficult for 511 00:27:20,240 --> 00:27:23,080 Speaker 14: the Reserve Bank to keep reducing interesst rates and that 512 00:27:23,160 --> 00:27:25,240 Speaker 14: would be a real constraint on some sectors that I 513 00:27:25,320 --> 00:27:28,960 Speaker 14: think we all are concerned about. You know, construction. Construction 514 00:27:29,160 --> 00:27:32,120 Speaker 14: projects get over the line where interrast rates are low 515 00:27:32,240 --> 00:27:34,560 Speaker 14: enough that people are prepared to take on the debt 516 00:27:34,760 --> 00:27:38,359 Speaker 14: to finance those projects. So totally to the future, this 517 00:27:38,560 --> 00:27:41,120 Speaker 14: is going to be now demand to the economy. 518 00:27:41,320 --> 00:27:43,720 Speaker 2: You need demand. You need people who are actually out 519 00:27:43,760 --> 00:27:46,679 Speaker 2: there going wanting to buy things, wanting to buy property, 520 00:27:46,760 --> 00:27:49,000 Speaker 2: we just talked about fletchers on the show. I mean, 521 00:27:49,080 --> 00:27:51,240 Speaker 2: so there's not just for the absence of doubt, you're 522 00:27:51,280 --> 00:27:55,720 Speaker 2: ruling out any mid year mini sprinkle stimulus, even reprioritize 523 00:27:55,760 --> 00:27:57,000 Speaker 2: money doesn't have to be new money. 524 00:27:57,800 --> 00:28:00,960 Speaker 14: Oh, I'm absolutely not ruling that out. Will continue to 525 00:28:01,040 --> 00:28:05,119 Speaker 14: be taking additional actions to stimulate activity in the economy. 526 00:28:05,480 --> 00:28:07,280 Speaker 14: What I'm saying is that this is not a time 527 00:28:07,320 --> 00:28:11,240 Speaker 14: that we will be continuing to drive up additional debt. Well, 528 00:28:11,320 --> 00:28:15,840 Speaker 14: you've seen us continue to make announcements and deliver policy 529 00:28:15,960 --> 00:28:20,600 Speaker 14: change more than that, and that will continue. That will continue, right, 530 00:28:20,760 --> 00:28:23,160 Speaker 14: You will continue to see from the government actions which 531 00:28:23,200 --> 00:28:27,920 Speaker 14: we believe will stimulate activity, will give people confidence to invest, 532 00:28:28,200 --> 00:28:33,640 Speaker 14: will give people to take on your soon listen, will 533 00:28:33,680 --> 00:28:34,560 Speaker 14: continue to see that. 534 00:28:34,760 --> 00:28:38,560 Speaker 2: Okay, why are you rewarding tantrums? 535 00:28:40,480 --> 00:28:43,160 Speaker 14: Whose tantrument are rewarded? That's not been my parenting approach. 536 00:28:43,680 --> 00:28:47,080 Speaker 2: Well, that's I wouldn't have thought it was so the teachers. 537 00:28:47,360 --> 00:28:50,000 Speaker 2: We had Judith Collins come out and say the teachers 538 00:28:50,120 --> 00:28:54,440 Speaker 2: are throwing are wobbly throwing a tantrum? Yesterday Brian Roach 539 00:28:54,480 --> 00:28:56,400 Speaker 2: says we're now reviewing our offer. 540 00:28:58,120 --> 00:29:00,680 Speaker 14: Oh look, We've always said in order to get a 541 00:29:00,840 --> 00:29:02,800 Speaker 14: deal over the line with the teachers, which I think 542 00:29:02,880 --> 00:29:06,360 Speaker 14: everyone wants, they need to be at the bargaining table. Now, 543 00:29:06,440 --> 00:29:09,200 Speaker 14: what happens at the bargaining table is you negotiate in 544 00:29:09,320 --> 00:29:12,040 Speaker 14: good faith to get an outcome that can work for everyone. 545 00:29:12,080 --> 00:29:15,200 Speaker 14: How disappointment the tent from which Judith Collins rightly referred 546 00:29:15,240 --> 00:29:20,040 Speaker 14: to was the PPTA walking away from negotiations after only 547 00:29:20,160 --> 00:29:21,800 Speaker 14: six days at the negotiating table. 548 00:29:21,840 --> 00:29:23,680 Speaker 2: And look what against a very good go Look what 549 00:29:23,840 --> 00:29:25,080 Speaker 2: it gives them a reviewed offer? 550 00:29:26,480 --> 00:29:28,560 Speaker 14: Well, we have always been in a position that we 551 00:29:28,800 --> 00:29:31,040 Speaker 14: want to negotiate. Now, if the PPTA want to play 552 00:29:31,080 --> 00:29:33,600 Speaker 14: games and are more focused on their social media campaign 553 00:29:33,680 --> 00:29:37,160 Speaker 14: than actually representing their workers sitting at the table to 554 00:29:37,200 --> 00:29:39,719 Speaker 14: get a deal, that's on them, that's not on us. 555 00:29:40,360 --> 00:29:43,480 Speaker 2: Where does the money come from the extra money? Because 556 00:29:43,680 --> 00:29:46,120 Speaker 2: I think one point seven billion is what they were asking. 557 00:29:46,520 --> 00:29:48,280 Speaker 2: Where do you have to borrow for that? Is that 558 00:29:48,400 --> 00:29:52,000 Speaker 2: existing baselines? Is it reprioritize this reviewed offer? Where does 559 00:29:52,040 --> 00:29:53,480 Speaker 2: that money come from? The extra money? 560 00:29:53,480 --> 00:29:56,000 Speaker 14: Well, Ryan, I think you're making an assumption about what 561 00:29:56,120 --> 00:29:58,760 Speaker 14: the components of the reviewed offer are and I wouldn't 562 00:29:58,840 --> 00:30:01,920 Speaker 14: do that. But course, like every government before us, we 563 00:30:02,080 --> 00:30:06,800 Speaker 14: have set an envelope for this negotiation that some is confidential, 564 00:30:07,400 --> 00:30:10,680 Speaker 14: and we will be working within that envelope because, of course, 565 00:30:10,760 --> 00:30:13,320 Speaker 14: I think people understand there are trade offs here. In 566 00:30:13,440 --> 00:30:17,320 Speaker 14: this year's budget, we delivered a record package of learning 567 00:30:17,440 --> 00:30:20,560 Speaker 14: support for children with additional needs that will support additional 568 00:30:20,640 --> 00:30:22,800 Speaker 14: teacher aids, supports and classrooms. 569 00:30:22,880 --> 00:30:23,040 Speaker 9: Well. 570 00:30:23,480 --> 00:30:25,959 Speaker 14: As we actually blow the negotiating budget on the teachers, 571 00:30:26,400 --> 00:30:28,520 Speaker 14: those things are going to be much much harder to 572 00:30:28,600 --> 00:30:30,800 Speaker 14: fund now and into the future. So this is all 573 00:30:30,880 --> 00:30:34,520 Speaker 14: about getting a deal that delivers for students, delivers for families, 574 00:30:34,600 --> 00:30:36,880 Speaker 14: and yes, delivers for teachers who we value very much. 575 00:30:37,000 --> 00:30:39,600 Speaker 2: As people are listening to this this morning, they're hopefully 576 00:30:39,680 --> 00:30:42,040 Speaker 2: putting butter on their hosts. Many won't be. You have 577 00:30:42,200 --> 00:30:45,280 Speaker 2: congratulated night and day for selling butter at six dollars fifty. 578 00:30:45,560 --> 00:30:50,160 Speaker 2: That's apparently they're losing three bucks on every block. You've said, 579 00:30:50,240 --> 00:30:52,960 Speaker 2: food stuffs and will worse have the same option, you'd 580 00:30:53,080 --> 00:30:55,680 Speaker 2: encourage them to lower prices. I had food Stuffs on 581 00:30:55,720 --> 00:30:58,560 Speaker 2: my Herald Now show on Monday. They said they are 582 00:30:58,720 --> 00:31:01,520 Speaker 2: making a loss on the home brand butters that they 583 00:31:01,640 --> 00:31:04,160 Speaker 2: sell for eight dollars twenty nine. Did you realize that. 584 00:31:05,720 --> 00:31:07,880 Speaker 14: I listened to your show, Ryan, and this is the 585 00:31:08,000 --> 00:31:11,480 Speaker 14: kind of commercial behavior that you want to see. I 586 00:31:11,520 --> 00:31:14,160 Speaker 14: think all of us want to see retailers competing hard 587 00:31:14,200 --> 00:31:17,959 Speaker 14: against each outboy, which sometimes involve for having one product 588 00:31:18,040 --> 00:31:20,200 Speaker 14: or a whole range of products where they're selling below 589 00:31:20,280 --> 00:31:23,320 Speaker 14: costs because they know that they will recruit some profits 590 00:31:23,400 --> 00:31:26,440 Speaker 14: in other areas and other products that they are selling. 591 00:31:26,480 --> 00:31:29,480 Speaker 14: And my point's always been the more competitive the market is, 592 00:31:29,560 --> 00:31:31,760 Speaker 14: the more you've got night and days and other entities 593 00:31:31,800 --> 00:31:34,560 Speaker 14: snapping at the heels of the big guys, more likely 594 00:31:34,680 --> 00:31:37,320 Speaker 14: you are to get those sorts of offers. All I 595 00:31:37,440 --> 00:31:39,480 Speaker 14: want is the best deal for Kiwi shoppers, and I 596 00:31:39,560 --> 00:31:42,160 Speaker 14: continue to believe more competition will support that. 597 00:31:42,360 --> 00:31:44,640 Speaker 2: All right, Nichola Willis appreciate your time this morning, the 598 00:31:44,720 --> 00:31:47,960 Speaker 2: Finance Minister. It is eight minutes away from six News 599 00:31:48,000 --> 00:31:48,680 Speaker 2: Talks EDB. 600 00:31:49,560 --> 00:31:52,120 Speaker 1: The news you need this morning and the in depth 601 00:31:52,160 --> 00:31:56,640 Speaker 1: analysis early edition with Ryan Bridge and One Route Love 602 00:31:56,720 --> 00:31:58,360 Speaker 1: Where you Live News Talks EDB. 603 00:31:58,560 --> 00:32:01,280 Speaker 2: It is a six six on News Talk said B 604 00:32:01,600 --> 00:32:03,480 Speaker 2: and Auckland Transport. If you haven't caught up with the 605 00:32:03,560 --> 00:32:06,680 Speaker 2: story Auckland Transport isn't budgeting on their fifty cent parking 606 00:32:06,760 --> 00:32:09,880 Speaker 2: meter transaction fee. They say it's not a surcharge, even 607 00:32:09,920 --> 00:32:11,920 Speaker 2: though the governments saying they shouldn't be doing things like this. 608 00:32:12,040 --> 00:32:14,960 Speaker 2: Augen Transports saying, I don't care whatever do you park 609 00:32:15,200 --> 00:32:18,080 Speaker 2: Mike in the city and pay this fifty cent fee? 610 00:32:18,080 --> 00:32:18,880 Speaker 2: Because no, I don't go. 611 00:32:18,920 --> 00:32:21,000 Speaker 15: I only go into the city once every three weeks 612 00:32:21,400 --> 00:32:24,680 Speaker 15: for my haircut and so they do a lovely job. 613 00:32:24,880 --> 00:32:26,720 Speaker 2: They do a very good job, don't they, And so 614 00:32:26,960 --> 00:32:28,480 Speaker 2: I haven't got much to work with them. That's the 615 00:32:29,800 --> 00:32:30,120 Speaker 2: that's the. 616 00:32:30,200 --> 00:32:32,719 Speaker 15: Only time I go into the city. So I've got 617 00:32:32,720 --> 00:32:33,800 Speaker 15: no idea. I just tap and go. 618 00:32:34,280 --> 00:32:36,760 Speaker 2: Yeah, because you can't. You can only tap and go. 619 00:32:36,920 --> 00:32:39,520 Speaker 2: This is what annoys me. You cannot use cash and 620 00:32:39,640 --> 00:32:42,200 Speaker 2: you cannot use an f post card, so you've got 621 00:32:42,280 --> 00:32:44,480 Speaker 2: no choice. You have to pay the fifty cents. Even 622 00:32:44,520 --> 00:32:46,720 Speaker 2: in Wellington it's thirty cents, is it? 623 00:32:47,360 --> 00:32:49,760 Speaker 15: Governdal sit on. I mean, you can't ban something and 624 00:32:49,800 --> 00:32:52,040 Speaker 15: then somebody else goes well, we're not adhering to that. 625 00:32:52,080 --> 00:32:53,240 Speaker 15: It's not how the rules work. 626 00:32:53,200 --> 00:32:55,760 Speaker 2: Surely not they need to sit But the arrogance of it, 627 00:32:55,800 --> 00:32:56,760 Speaker 2: though from mors. 628 00:32:56,840 --> 00:32:59,240 Speaker 15: I mean Auckland. See, of all the things of Auckland, 629 00:32:59,280 --> 00:33:03,400 Speaker 15: transport don't started a good place anyway, reputationally speaking. So 630 00:33:03,640 --> 00:33:05,280 Speaker 15: so then anyway, we've got one of the people from 631 00:33:05,360 --> 00:33:06,840 Speaker 15: that particular organization on today. 632 00:33:07,000 --> 00:33:07,680 Speaker 2: Just very quickly. 633 00:33:07,720 --> 00:33:10,120 Speaker 15: You're wrong by the one, the twenty five points. So 634 00:33:10,160 --> 00:33:13,280 Speaker 15: I'm watching Hawksby yesterday. You can't believe a word Hawksby says, 635 00:33:13,640 --> 00:33:16,160 Speaker 15: because on one hand, he goes, you can be reassured 636 00:33:16,200 --> 00:33:18,480 Speaker 15: that inflation's under control. Can I well, last time you 637 00:33:18,520 --> 00:33:20,880 Speaker 15: told me you weren't needing any more cuts because there 638 00:33:20,960 --> 00:33:23,280 Speaker 15: was growth and there were shoots. Oh what, Sorry, I 639 00:33:23,400 --> 00:33:25,640 Speaker 15: forgot to look at Q two which went backwards. We 640 00:33:25,720 --> 00:33:26,520 Speaker 15: didn't see that coming. 641 00:33:26,600 --> 00:33:28,760 Speaker 2: Yeah, but you can't see what hasn't happened. 642 00:33:29,120 --> 00:33:32,320 Speaker 15: Yes, that's the whole purpose of the Reserve Bank. That's 643 00:33:32,360 --> 00:33:34,440 Speaker 15: what they're supposed to do. They're supposed to go we 644 00:33:34,640 --> 00:33:37,840 Speaker 15: see this unfolding. Hence here is our commentary for today. 645 00:33:38,200 --> 00:33:40,719 Speaker 2: Tell me a reserve bank that saw Trump going as 646 00:33:40,800 --> 00:33:42,440 Speaker 2: ballistic as he did on the narration. 647 00:33:42,920 --> 00:33:45,720 Speaker 15: That's an excuse because yes, there'll be uncertainty in that 648 00:33:45,840 --> 00:33:47,840 Speaker 15: period of time because people go, oh my god, what's 649 00:33:47,880 --> 00:33:51,320 Speaker 15: he doing? But he's blaming everything on that, which isn't true. 650 00:33:51,440 --> 00:33:54,360 Speaker 2: But remember on Hard and So we dropped, the markets 651 00:33:54,440 --> 00:33:57,720 Speaker 2: dropped almost twenty percent. I mean, the world was freaking out. 652 00:34:00,680 --> 00:34:04,040 Speaker 2: They would they did, look at the sentiment surveys. After that, 653 00:34:04,160 --> 00:34:04,960 Speaker 2: you can get a job. 654 00:34:04,880 --> 00:34:06,360 Speaker 15: On the Monetary Policy Committee. 655 00:34:06,760 --> 00:34:08,800 Speaker 2: That's what I mean. Perhaps that's what I'm angling for. 656 00:34:09,360 --> 00:34:11,560 Speaker 15: He's put his you notice he's put his CV in 657 00:34:11,640 --> 00:34:14,399 Speaker 15: for the so anyway, he's with us after seven thirty. 658 00:34:14,440 --> 00:34:17,320 Speaker 2: Brilliant. All right, we'll look forward to that. Mike Costing 659 00:34:17,520 --> 00:34:19,120 Speaker 2: is with the next here on News Talk Set B. 660 00:34:19,360 --> 00:34:23,640 Speaker 2: See you tomorrow, Look the Past, be the pastors Waivers. 661 00:34:27,280 --> 00:34:30,239 Speaker 1: For more from earlier edition with Ryan Bridge, listen live 662 00:34:30,400 --> 00:34:33,360 Speaker 1: to News Talk Set B from five am weekdays, or 663 00:34:33,480 --> 00:34:35,319 Speaker 1: follow the podcast on iHeartRadio