1 00:00:00,680 --> 00:00:04,960 Speaker 1: The issues, the interviews and the insight. Ryan Bridge on 2 00:00:05,200 --> 00:00:09,280 Speaker 1: early edition with Spark for Business Technology that keeps business 3 00:00:09,280 --> 00:00:10,440 Speaker 1: moving news talks. 4 00:00:10,440 --> 00:00:12,479 Speaker 2: They'd be very good morning, six after five. 5 00:00:12,520 --> 00:00:15,239 Speaker 3: Great to have your company coming up this hour the 6 00:00:15,240 --> 00:00:18,239 Speaker 3: OCRs OCR Day to Day Will Sharon Zolna from A 7 00:00:18,360 --> 00:00:20,280 Speaker 3: and Z on that Gavin's in the UK for US. 8 00:00:20,320 --> 00:00:23,400 Speaker 3: Should ministers here be able to sack their department's CEOs 9 00:00:23,400 --> 00:00:24,560 Speaker 3: because currently they can't. 10 00:00:24,640 --> 00:00:26,320 Speaker 2: And we'll head to Jerusalem on the. 11 00:00:26,280 --> 00:00:34,360 Speaker 3: War the agenda eighth of April. He's warning civilization could 12 00:00:34,400 --> 00:00:37,280 Speaker 3: die tonight. This is in Iran and it's Trump. There's 13 00:00:37,320 --> 00:00:39,960 Speaker 3: seven hours left on his countdown clock at present. 14 00:00:40,640 --> 00:00:44,479 Speaker 4: To waite boat a civilization anywhere would be to put 15 00:00:44,520 --> 00:00:46,640 Speaker 4: all of us on a course for the end of 16 00:00:46,680 --> 00:00:48,920 Speaker 4: the world. And we have to believe that Donald Trump 17 00:00:49,240 --> 00:00:53,120 Speaker 4: doesn't want that. I think what he is playing at 18 00:00:53,440 --> 00:00:58,080 Speaker 4: is possibly what we've seen before. The marketing of a 19 00:00:58,200 --> 00:01:02,120 Speaker 4: resolution to this conflict can be presented as a US success. 20 00:01:02,240 --> 00:01:05,000 Speaker 3: This is how jd Vance is explaining it. He's in 21 00:01:05,000 --> 00:01:06,080 Speaker 3: Budapest at the moment. 22 00:01:06,200 --> 00:01:06,840 Speaker 1: They've got to know. 23 00:01:07,400 --> 00:01:09,560 Speaker 5: We've got tools in our toolkit that we so far 24 00:01:09,600 --> 00:01:12,560 Speaker 5: haven't decided to use. The President of United States can 25 00:01:12,640 --> 00:01:14,720 Speaker 5: decide to use them, and he will decide to use 26 00:01:14,760 --> 00:01:17,600 Speaker 5: them if the Ranians don't change their force of condom. 27 00:01:17,640 --> 00:01:20,440 Speaker 3: When you talk about ending civilization, you immediately go to 28 00:01:20,480 --> 00:01:22,759 Speaker 3: a nuclear weapon, don't you. Is that what you thought too? 29 00:01:22,800 --> 00:01:25,640 Speaker 3: We'll talk about that in a second. Why is jd 30 00:01:25,840 --> 00:01:28,679 Speaker 3: Vance in Budapest? But he's there to support Victor Auban, 31 00:01:28,720 --> 00:01:31,400 Speaker 3: who we told you yesterday is an ally of Trump, 32 00:01:31,880 --> 00:01:34,800 Speaker 3: actually potentially an ally of Putin as well. He's going 33 00:01:34,840 --> 00:01:35,880 Speaker 3: to the polls Sunday. 34 00:01:36,240 --> 00:01:40,520 Speaker 6: We all gratitude to President Trump and the Vice President 35 00:01:40,800 --> 00:01:44,240 Speaker 6: Vans for standing by Hungary during the past years. 36 00:01:44,600 --> 00:01:45,600 Speaker 2: The United States of. 37 00:01:45,560 --> 00:01:49,320 Speaker 6: America is the strongest country in the world, and I 38 00:01:49,320 --> 00:01:53,000 Speaker 6: am happy to say that they are our allies today. 39 00:01:53,440 --> 00:01:56,920 Speaker 6: The peace and the security of Hungary, therefore is guaranteed. 40 00:01:56,960 --> 00:01:58,840 Speaker 2: Finally, this morning, it's by by ken Ye. 41 00:01:58,960 --> 00:02:01,240 Speaker 3: He's been blocked from entering the UK because of a 42 00:02:01,280 --> 00:02:03,920 Speaker 3: bunch of sort of pro Nazi stuff that he said 43 00:02:03,920 --> 00:02:05,800 Speaker 3: a few years back. The gig that he was meant 44 00:02:05,800 --> 00:02:07,400 Speaker 3: to format has been canned as well. 45 00:02:07,480 --> 00:02:10,919 Speaker 7: They really don't have anyone to blame other than themselves, really, 46 00:02:11,000 --> 00:02:14,239 Speaker 7: I mean, this was a wrong decision to invite Kanya 47 00:02:14,280 --> 00:02:16,560 Speaker 7: in the first instance, they should have done the decent 48 00:02:16,560 --> 00:02:19,920 Speaker 7: thing and canceled it once they saw the concern there was, 49 00:02:20,160 --> 00:02:22,480 Speaker 7: and now it's all fallen apart, but they have no 50 00:02:22,520 --> 00:02:25,760 Speaker 7: one to blame themselves. We want to see music festivals 51 00:02:25,760 --> 00:02:28,480 Speaker 7: being places of love and joy and togetherness, not places 52 00:02:28,520 --> 00:02:33,400 Speaker 7: where hate and hateful actors or performers are on stage. 53 00:02:35,360 --> 00:02:38,120 Speaker 1: The first word on the News of the Day Early 54 00:02:38,320 --> 00:02:42,520 Speaker 1: edition with Ryan Bridge and Spark for Business Technology that 55 00:02:42,639 --> 00:02:44,400 Speaker 1: keeps business moving News talks. 56 00:02:44,400 --> 00:02:46,640 Speaker 3: It'd be just gone nine minutes after five. We have 57 00:02:46,720 --> 00:02:48,720 Speaker 3: some numbers for you this morning. The global dairy trade 58 00:02:48,800 --> 00:02:52,480 Speaker 3: numbers are out. This is our fortnightly option and it's down. 59 00:02:52,560 --> 00:02:54,679 Speaker 3: It's actually the first drop that we've seen this year. 60 00:02:54,760 --> 00:02:57,360 Speaker 3: Remember last year it was tailing off towards the end, 61 00:02:57,360 --> 00:02:59,400 Speaker 3: and then we picked up again in January and haven't 62 00:02:59,440 --> 00:03:02,440 Speaker 3: really stopped well. Now we have down three point four 63 00:03:02,480 --> 00:03:06,359 Speaker 3: percent overnight, butter down eight point one percent, mozzarella down 64 00:03:06,400 --> 00:03:08,600 Speaker 3: six point two. The ones we really care about are 65 00:03:08,639 --> 00:03:11,320 Speaker 3: the milk powders. Skim milk powder that is down one 66 00:03:11,360 --> 00:03:15,320 Speaker 3: point six, whole milk powder down point seven. Now, yesterday 67 00:03:15,360 --> 00:03:17,960 Speaker 3: we had some good news on the commodity price front 68 00:03:18,000 --> 00:03:20,960 Speaker 3: because A and Z released there. This is the monthly 69 00:03:21,960 --> 00:03:25,680 Speaker 3: index of commodity prices, and they were up, in fact 70 00:03:25,880 --> 00:03:30,600 Speaker 3: near a record high for March. In fact, the only 71 00:03:30,680 --> 00:03:33,400 Speaker 3: other month that's been higher was after the war with 72 00:03:33,520 --> 00:03:36,720 Speaker 3: Ukraine broke out between Russia and Ukraine. So four point 73 00:03:36,760 --> 00:03:40,080 Speaker 3: one percent was the monthly increase. It was pretty much 74 00:03:40,080 --> 00:03:44,680 Speaker 3: across all categories. Dairy aluminium led the charge, and the 75 00:03:44,720 --> 00:03:47,400 Speaker 3: reason is that, well, basically people were going out and 76 00:03:47,440 --> 00:03:50,320 Speaker 3: precorded and being a bit scared about the war in 77 00:03:50,360 --> 00:03:53,400 Speaker 3: Iran and what it might mean for shipping, and so 78 00:03:54,000 --> 00:03:59,120 Speaker 3: they did some precautionary buying. And also with aluminium, the 79 00:03:59,240 --> 00:04:02,280 Speaker 3: UAE has smell to there that was damaged in some 80 00:04:02,360 --> 00:04:06,360 Speaker 3: attacks by Israel, so that's tightened up sorry by I run, 81 00:04:06,600 --> 00:04:08,160 Speaker 3: so that's tightened up the supply. 82 00:04:08,880 --> 00:04:10,280 Speaker 2: Our dollar is also weak. 83 00:04:10,520 --> 00:04:13,000 Speaker 3: So all of these things add together to mean that 84 00:04:13,000 --> 00:04:17,080 Speaker 3: the commodity prices are higher in world value terms, world 85 00:04:17,080 --> 00:04:20,040 Speaker 3: price terms are higher, and we're doing better now. 86 00:04:20,200 --> 00:04:21,000 Speaker 2: The interesting thing. 87 00:04:20,920 --> 00:04:23,440 Speaker 3: Will be what happens after this if you go out 88 00:04:23,440 --> 00:04:26,400 Speaker 3: and buy a whole bunch of stuff because you're worried 89 00:04:26,640 --> 00:04:29,559 Speaker 3: that the world's going to end. Then the next time 90 00:04:29,960 --> 00:04:33,400 Speaker 3: there is an option I you today, you buy less potentially, 91 00:04:33,440 --> 00:04:35,880 Speaker 3: and that might be why we are seeing the price 92 00:04:36,520 --> 00:04:40,360 Speaker 3: the global dairy trade auction come down. Aliuminium by the way, 93 00:04:40,440 --> 00:04:45,400 Speaker 3: up nine point eight percent month on month eleven. After five, Brian, 94 00:04:46,000 --> 00:04:49,120 Speaker 3: you're too Jerusalem next. I mean, honestly, Donald Trump just 95 00:04:49,279 --> 00:04:52,120 Speaker 3: calmed down, can you. And the more he get, the 96 00:04:52,440 --> 00:04:55,560 Speaker 3: more sort of bombastic he gets. You think, Okay, well, 97 00:04:55,560 --> 00:04:58,839 Speaker 3: he's either so frustrated because they're not giving him what 98 00:04:58,839 --> 00:05:01,760 Speaker 3: he wants that he's going to bression that literally the 99 00:05:01,839 --> 00:05:04,039 Speaker 3: end of the world, and then he'll pull back and 100 00:05:04,120 --> 00:05:07,000 Speaker 3: everything will be fine and the whole war will be over. 101 00:05:07,080 --> 00:05:10,280 Speaker 3: There'll be some kind of deal done. Well, the Iranians 102 00:05:10,320 --> 00:05:12,440 Speaker 3: have said that they're not going to negotiate directly with 103 00:05:12,480 --> 00:05:14,440 Speaker 3: the US from here on, and so that can't. 104 00:05:14,240 --> 00:05:14,919 Speaker 2: Be a good sign. 105 00:05:14,920 --> 00:05:16,640 Speaker 3: We'll head to Jerusalem for the latest on this. 106 00:05:16,760 --> 00:05:22,400 Speaker 1: Next on your radio and online on iHeartRadio Belly Edition 107 00:05:22,680 --> 00:05:26,839 Speaker 1: with Ryan Bridge and Spark for Business Technology that keeps 108 00:05:26,920 --> 00:05:29,040 Speaker 1: Business Moving Newstalk ZB. 109 00:05:28,720 --> 00:05:31,080 Speaker 3: Five thirteen on News Talk ZB Wellington. 110 00:05:31,080 --> 00:05:31,720 Speaker 2: You're not crazy. 111 00:05:31,760 --> 00:05:35,080 Speaker 3: Your rates are extremely high and you are paying through 112 00:05:35,080 --> 00:05:38,000 Speaker 3: the notes for them. Rates in Wellington have doubled since 113 00:05:38,200 --> 00:05:42,920 Speaker 3: twenty twelve, doubled, I know, just let that sink in 114 00:05:43,160 --> 00:05:46,120 Speaker 3: amongst the highest in the country, least affordable in the country, 115 00:05:46,320 --> 00:05:50,599 Speaker 3: including the levy for this new mile points sludge minimization plant, 116 00:05:50,720 --> 00:05:53,920 Speaker 3: which is apparently five hundred million dollars it's going to 117 00:05:53,920 --> 00:05:57,760 Speaker 3: cost the media and Wellington City residential rates have gone 118 00:05:57,839 --> 00:06:00,520 Speaker 3: from about nineteen hundred dollars and twenty two twelve to 119 00:06:00,720 --> 00:06:04,800 Speaker 3: five one hundred and seventy seven dollars last year. Now 120 00:06:04,880 --> 00:06:08,520 Speaker 3: that far outpaces your increase in household wages over the 121 00:06:08,520 --> 00:06:11,200 Speaker 3: same period, which were fifty six percent. So that's why 122 00:06:11,200 --> 00:06:13,840 Speaker 3: you're feeling the squeeze, and that's why you've elected Andrew Little, 123 00:06:13,839 --> 00:06:15,680 Speaker 3: who said he'd come in and sort the rates out. 124 00:06:16,279 --> 00:06:18,800 Speaker 3: You're never going to elect a right winger in Wellington, 125 00:06:18,800 --> 00:06:21,039 Speaker 3: are you, But I suppose Andrew Little is the closest 126 00:06:21,040 --> 00:06:24,080 Speaker 3: thing you'll get a centrist. He's brought the rates hight 127 00:06:24,200 --> 00:06:26,920 Speaker 3: for this year down from twelve percent to seven percent. 128 00:06:27,200 --> 00:06:28,919 Speaker 3: There'll be some cuts that will have to happen to 129 00:06:28,920 --> 00:06:32,080 Speaker 3: make that work, but he also wants and this is 130 00:06:32,080 --> 00:06:34,760 Speaker 3: what he's sort of ramping up to now is he 131 00:06:34,880 --> 00:06:39,360 Speaker 3: wants the government to pay rates on Parliament because they 132 00:06:39,400 --> 00:06:43,560 Speaker 3: don't at the moment, on schools, on Wellington Hospital, all 133 00:06:43,600 --> 00:06:46,480 Speaker 3: of those government buildings, they don't pay rates. 134 00:06:46,600 --> 00:06:50,400 Speaker 2: He says, actually they should Bryan Bridge, which would mean 135 00:06:50,440 --> 00:06:50,960 Speaker 2: you pay less. 136 00:06:50,960 --> 00:06:52,840 Speaker 3: Of course, five point fifteen, So seven hours on the 137 00:06:52,880 --> 00:06:56,560 Speaker 3: clock till Trump's peace deadline runs out. He has handed 138 00:06:56,600 --> 00:06:59,320 Speaker 3: to run a ten point plan for a ceasefire, but 139 00:06:59,640 --> 00:07:01,640 Speaker 3: the raging doesn't seem to be a fan of this. 140 00:07:02,000 --> 00:07:04,240 Speaker 3: So basically it's midday to day in New Zealand time, 141 00:07:04,360 --> 00:07:07,800 Speaker 3: and if this doesn't happen, quote, a whole civilization will 142 00:07:07,839 --> 00:07:11,400 Speaker 3: die tonight. Dan Saba is a defense and security editor 143 00:07:11,440 --> 00:07:12,040 Speaker 3: at The Guardian. 144 00:07:12,120 --> 00:07:12,960 Speaker 2: Joins us this morning. 145 00:07:13,000 --> 00:07:17,800 Speaker 3: Hi Dan, Hi, Hi. So well, let's start with what 146 00:07:17,880 --> 00:07:21,640 Speaker 3: Israel's doing overnight. I've been striking some bridges and transport 147 00:07:21,680 --> 00:07:22,640 Speaker 3: areas in Iran. 148 00:07:25,000 --> 00:07:28,120 Speaker 8: Yes, that's right, one of the things that's happened obviously 149 00:07:28,200 --> 00:07:30,880 Speaker 8: during I'm in Jerusalem, so is during the day during 150 00:07:30,920 --> 00:07:33,679 Speaker 8: the day here. But yeah, we're all been looking ahead 151 00:07:33,680 --> 00:07:36,920 Speaker 8: to this Trump deadline tonight. But and Trump has been 152 00:07:37,120 --> 00:07:39,800 Speaker 8: threatening to bomb bridges and power plants, and we were 153 00:07:39,840 --> 00:07:42,320 Speaker 8: sort of expecting that could potentially be happening tomorrow. But 154 00:07:42,400 --> 00:07:46,040 Speaker 8: here we are, here we are. The Israelis began the 155 00:07:46,080 --> 00:07:47,840 Speaker 8: day and said we're going to bomb you know, telling 156 00:07:47,880 --> 00:07:50,800 Speaker 8: Arenians to keep away from the railway networks because they 157 00:07:50,840 --> 00:07:53,680 Speaker 8: might be bombed anytime during the day. That's how the 158 00:07:53,720 --> 00:07:55,880 Speaker 8: day started. And it looks like the idea of the 159 00:07:55,920 --> 00:08:00,920 Speaker 8: Israeli Air Force. So it bombed eight different bridges or 160 00:08:00,920 --> 00:08:04,600 Speaker 8: eight different parts of the railway network in and around Tehran. 161 00:08:04,840 --> 00:08:08,280 Speaker 8: So they're already, you know, never mind the deadline that 162 00:08:08,320 --> 00:08:12,960 Speaker 8: John Trump's talking about or it's crazy extraordinary talk about 163 00:08:13,000 --> 00:08:17,840 Speaker 8: civilization Erasia, but uh uh, you know, already we're seeing 164 00:08:17,880 --> 00:08:20,480 Speaker 8: civil infrastructure being heavily bombed in Iran. 165 00:08:20,720 --> 00:08:20,920 Speaker 2: Yeah. 166 00:08:21,040 --> 00:08:23,200 Speaker 3: What do you think that is about the Israelis going 167 00:08:23,240 --> 00:08:25,600 Speaker 3: ahead and doing that ahead of time? Is that a 168 00:08:25,640 --> 00:08:28,200 Speaker 3: warning like this is what you know, we're serious, we 169 00:08:28,280 --> 00:08:29,320 Speaker 3: will go ahead and do this. 170 00:08:31,000 --> 00:08:33,280 Speaker 8: I think it's a mixture, Yes, I think it's partly that. 171 00:08:33,400 --> 00:08:35,199 Speaker 8: I think it's part of it's designed to kind of 172 00:08:35,280 --> 00:08:39,120 Speaker 8: up the pressure on on Iran as this negotiating deadline come, 173 00:08:39,320 --> 00:08:42,400 Speaker 8: you know, comes close. The reality is thus far throughout 174 00:08:42,640 --> 00:08:45,400 Speaker 8: you know, throughout the day doesn't it like Iran is 175 00:08:46,040 --> 00:08:49,320 Speaker 8: really that interested in talking. It doesn't like the terms 176 00:08:49,360 --> 00:08:51,680 Speaker 8: that have been put in front the fit. Iran wants 177 00:08:51,720 --> 00:08:53,679 Speaker 8: a permanent end to the war. It doesn't want to 178 00:08:53,760 --> 00:08:56,440 Speaker 8: cease fire, which is what's been on put you know, 179 00:08:56,480 --> 00:09:02,080 Speaker 8: on offer from mediators like the Egyptians and the Turks 180 00:09:02,600 --> 00:09:04,920 Speaker 8: and the Pakistanis it doesn't want this kind of idea 181 00:09:04,960 --> 00:09:06,559 Speaker 8: that they could be a ceasefire and then the Americans 182 00:09:06,600 --> 00:09:08,720 Speaker 8: could just bomb anyway for a couple of days and 183 00:09:08,760 --> 00:09:12,240 Speaker 8: then kind of say, oh, it's still a ceasefire. They 184 00:09:12,280 --> 00:09:15,000 Speaker 8: think that's kind of unfair. They want a full deal. 185 00:09:15,320 --> 00:09:17,280 Speaker 8: But the kind of things that they want seem to 186 00:09:17,320 --> 00:09:19,480 Speaker 8: want is they still want something a degree of control 187 00:09:19,520 --> 00:09:21,280 Speaker 8: over the straits of horn moves. And that's a non 188 00:09:21,320 --> 00:09:24,800 Speaker 8: start for Trump, who memorably said open the bleep straight 189 00:09:26,559 --> 00:09:30,840 Speaker 8: on social media earlier this week. So we're two sides 190 00:09:30,840 --> 00:09:32,480 Speaker 8: are a long way up, two sides seem a long 191 00:09:32,480 --> 00:09:35,520 Speaker 8: way apart. So I think that's partly why we're seeing 192 00:09:35,520 --> 00:09:36,320 Speaker 8: this increased bombing. 193 00:09:36,640 --> 00:09:38,760 Speaker 3: And then you've got the Golf States who want Trump 194 00:09:38,840 --> 00:09:41,560 Speaker 3: basically to keep going, don't they. 195 00:09:42,320 --> 00:09:46,000 Speaker 8: Well, well, the girlf States are being hit very hard 196 00:09:46,080 --> 00:09:49,000 Speaker 8: I think we've seen another facility in Saudi Arabia was 197 00:09:49,559 --> 00:09:53,920 Speaker 8: bombed to bomb today and they clearly would like the 198 00:09:54,040 --> 00:09:57,400 Speaker 8: US to somehow finish the job, although it's not exactly 199 00:09:57,440 --> 00:10:01,040 Speaker 8: obvious how the Americans can do that, given they work 200 00:10:01,080 --> 00:10:05,120 Speaker 8: commit ground forces. And if Iran is willing, if Iran's 201 00:10:05,160 --> 00:10:08,920 Speaker 8: leadership or new leadership is willing to take an awful 202 00:10:08,920 --> 00:10:11,840 Speaker 8: lot of pain, and it seems to be so far 203 00:10:11,920 --> 00:10:15,760 Speaker 8: done so, then this could go on for some time. 204 00:10:15,880 --> 00:10:18,439 Speaker 8: It's not a very attractive scenario for ninety million ordinary 205 00:10:18,440 --> 00:10:19,920 Speaker 8: Iranians that are caught up in this. 206 00:10:19,840 --> 00:10:23,280 Speaker 3: Though certainly not Dan appreciate your analysis. Thank you, Dan Saba, 207 00:10:23,360 --> 00:10:26,120 Speaker 3: Defense and Security editor at The Guardian. It is eighteen 208 00:10:26,160 --> 00:10:28,800 Speaker 3: after five. News Talks HEB the New Zealand Initiative next 209 00:10:28,800 --> 00:10:32,400 Speaker 3: saying that government ministers here should have the power to 210 00:10:32,640 --> 00:10:36,439 Speaker 3: fire high and fire their department chief executives. 211 00:10:36,520 --> 00:10:39,400 Speaker 2: News Talks HEB News. 212 00:10:39,120 --> 00:10:42,360 Speaker 1: And Views You Trust to start your day. It's early 213 00:10:42,559 --> 00:10:46,720 Speaker 1: edition with Ryan Bridge and Spark for Business Technology that 214 00:10:46,840 --> 00:10:47,959 Speaker 1: keeps Business Moving. 215 00:10:48,160 --> 00:10:50,760 Speaker 3: News TALKSB twenty one after five. Sharon Zold from a 216 00:10:51,040 --> 00:10:53,600 Speaker 3: Z on the OCEA decision out today from the Reserve 217 00:10:53,640 --> 00:10:55,920 Speaker 3: Bank that's coming up before six right now. The New 218 00:10:56,000 --> 00:10:59,920 Speaker 3: Zealand Initiative reckons, think tank reckons that Ministers of the 219 00:11:00,040 --> 00:11:02,679 Speaker 3: Crown here should have the power to fire their department's 220 00:11:02,720 --> 00:11:05,520 Speaker 3: CEOs ol of a heart, which the New Zealand Initiative 221 00:11:05,520 --> 00:11:07,040 Speaker 3: executive directed with me this morning. 222 00:11:06,840 --> 00:11:09,000 Speaker 2: On of a good morning, good morning. 223 00:11:09,160 --> 00:11:11,440 Speaker 3: So why do you Well, first of all, what's the 224 00:11:11,559 --> 00:11:13,120 Speaker 3: reason we don't let them. 225 00:11:13,000 --> 00:11:13,760 Speaker 2: Do it at the moment. 226 00:11:15,160 --> 00:11:17,600 Speaker 9: Well, the reason is actually that since nineteen eighty eight, 227 00:11:17,679 --> 00:11:20,160 Speaker 9: the Public Service Commission has been in charge of appointing 228 00:11:20,200 --> 00:11:24,559 Speaker 9: department chief executives. It's quite an unusual scenario really because 229 00:11:24,679 --> 00:11:27,040 Speaker 9: most people think when we bought for a government, the 230 00:11:27,080 --> 00:11:29,959 Speaker 9: government has the rights to basically govern as they like 231 00:11:30,000 --> 00:11:32,760 Speaker 9: and as they promise them their manifestos. But in fact 232 00:11:33,200 --> 00:11:35,679 Speaker 9: it's actually a Public Service Commission that appoints the department 233 00:11:35,720 --> 00:11:39,120 Speaker 9: chief executives, and very few other countries for system like that. 234 00:11:39,840 --> 00:11:42,440 Speaker 3: Yes, but they can say, the minister can say I 235 00:11:42,480 --> 00:11:44,800 Speaker 3: don't have confidence in so and so and that. I 236 00:11:44,840 --> 00:11:47,680 Speaker 3: mean they normally sort it out. Did they need to 237 00:11:47,720 --> 00:11:49,439 Speaker 3: be able to pull the lever themselves. 238 00:11:50,760 --> 00:11:52,920 Speaker 9: I think it would be a lot cleaner because I mean, 239 00:11:52,960 --> 00:11:55,280 Speaker 9: if you think about it this way. You might be 240 00:11:55,360 --> 00:11:58,360 Speaker 9: a minister just sworn in, but the department ce has 241 00:11:58,360 --> 00:12:01,160 Speaker 9: been reappointed by the previous government and under the Public 242 00:12:01,240 --> 00:12:04,160 Speaker 9: Service Commissioner back then, and then you spent your entire 243 00:12:04,280 --> 00:12:07,080 Speaker 9: term working with someone who you haven't picked, who might 244 00:12:07,120 --> 00:12:09,760 Speaker 9: not be happy with you, and vice versa, and that 245 00:12:09,840 --> 00:12:13,679 Speaker 9: actually doesn't work well. Then to implement the government's agenda. 246 00:12:13,240 --> 00:12:15,280 Speaker 3: Can you give me an example of where this hasn't 247 00:12:15,280 --> 00:12:17,080 Speaker 3: worked or why this hasn't worked. 248 00:12:18,400 --> 00:12:18,600 Speaker 10: Well? 249 00:12:18,640 --> 00:12:20,760 Speaker 9: I mean, if you look at the resource management reforms 250 00:12:20,800 --> 00:12:24,480 Speaker 9: currently going through Parliament. So the coalition agreement was crystal 251 00:12:24,520 --> 00:12:27,480 Speaker 9: clear what they wanted to achieve was a new resource 252 00:12:27,480 --> 00:12:30,160 Speaker 9: management system based on property rights. We got a cabinet 253 00:12:30,160 --> 00:12:33,079 Speaker 9: paper in twenty four which promised just that, and when 254 00:12:33,080 --> 00:12:37,000 Speaker 9: you look at the draft legislation now before Parliament, there 255 00:12:37,040 --> 00:12:39,320 Speaker 9: is very little of that's still in there, and we 256 00:12:39,440 --> 00:12:42,240 Speaker 9: can suspect that the bureaucracy simply watered down the plants 257 00:12:42,280 --> 00:12:42,960 Speaker 9: that they didn't like. 258 00:12:44,000 --> 00:12:45,120 Speaker 2: What are they do in Germany? 259 00:12:46,880 --> 00:12:49,760 Speaker 9: Well, in Germany, under the constitution, the minister is in 260 00:12:49,840 --> 00:12:52,280 Speaker 9: charge of the ministry. It's articled sixty five of the 261 00:12:52,320 --> 00:12:55,520 Speaker 9: Basic Law, and that basically makes the Minister the Chief exect. Now, 262 00:12:55,520 --> 00:12:58,480 Speaker 9: in practice, of course, it means the ministers appoint a 263 00:12:58,559 --> 00:13:02,240 Speaker 9: state Secretary's state secretary runs the department on their behalf, 264 00:13:02,720 --> 00:13:05,760 Speaker 9: and that state secretary has to be qualified, so there's 265 00:13:06,120 --> 00:13:09,960 Speaker 9: a clear qualification requirement under the law. But also it's 266 00:13:09,960 --> 00:13:12,720 Speaker 9: someone that the minister can trust, So it's a political appointment, 267 00:13:12,760 --> 00:13:15,640 Speaker 9: but the rest of the public service is totally neutral. 268 00:13:16,120 --> 00:13:19,040 Speaker 9: So the political appointments are really for the top tier 269 00:13:19,120 --> 00:13:22,920 Speaker 9: of public servants, but nothing underneath the rest is totally protected. 270 00:13:23,400 --> 00:13:27,319 Speaker 9: There are guard rails, there is a whistleblower clause, and actually, 271 00:13:27,720 --> 00:13:31,280 Speaker 9: if you ever try to do anything unlawful in Germany, 272 00:13:31,320 --> 00:13:33,960 Speaker 9: the public service has a duty to object to that. 273 00:13:34,480 --> 00:13:36,920 Speaker 9: So it is not a jobs for maid's scheme. It 274 00:13:37,000 --> 00:13:39,680 Speaker 9: is something with guard rails, but it ensures that the 275 00:13:39,720 --> 00:13:41,640 Speaker 9: government of the day can implement their gender. 276 00:13:42,440 --> 00:13:45,679 Speaker 3: Appreciate your time, Oliver Hartwich, New Zealand Initiative Executive directed 277 00:13:45,720 --> 00:13:48,800 Speaker 3: time is twenty four minutes after five. It's kind of 278 00:13:48,840 --> 00:13:50,839 Speaker 3: hard to argue with that, isn't it. I mean, I 279 00:13:50,840 --> 00:13:53,120 Speaker 3: suppose the only thing you know, you look at what's 280 00:13:53,120 --> 00:13:56,400 Speaker 3: his name, Pete Higgsseeth at the Department of Defense, or 281 00:13:56,480 --> 00:13:59,600 Speaker 3: Department of War whatever they're calling it now, firing people 282 00:13:59,679 --> 00:14:01,319 Speaker 3: left right and send to get rid of this general, 283 00:14:01,360 --> 00:14:03,120 Speaker 3: get rid of that general, because I don't like them. 284 00:14:03,120 --> 00:14:05,520 Speaker 3: They're not a yes man. They don't follow what I 285 00:14:05,559 --> 00:14:08,400 Speaker 3: want them to do. Good thing, bad thing. It could 286 00:14:08,400 --> 00:14:11,080 Speaker 3: go either way, I suppose, depending on who's in charge. 287 00:14:11,360 --> 00:14:11,560 Speaker 2: Right. 288 00:14:11,600 --> 00:14:13,600 Speaker 3: It is twenty four minutes after five. I've got a 289 00:14:13,600 --> 00:14:16,400 Speaker 3: lovely story about a pumpkin that has won a competition 290 00:14:16,440 --> 00:14:18,199 Speaker 3: in Australia I want to share with you, but we'll 291 00:14:18,240 --> 00:14:20,480 Speaker 3: also talk more about the war next and loads of 292 00:14:20,480 --> 00:14:23,720 Speaker 3: your texts coming in on rates, especially in Wellington. 293 00:14:24,000 --> 00:14:26,040 Speaker 2: Unsurprisingly, the early. 294 00:14:25,920 --> 00:14:30,160 Speaker 1: Edition full show podcast on iHeartRadio Power by News Talks 295 00:14:30,320 --> 00:14:32,160 Speaker 1: V News TALKSB. 296 00:14:32,320 --> 00:14:34,800 Speaker 3: It is twenty six minutes after five. Let's talk about 297 00:14:34,800 --> 00:14:36,640 Speaker 3: the elephant in the room this morning, shall we? This 298 00:14:36,720 --> 00:14:39,400 Speaker 3: war in Iran has been a bit of a balls 299 00:14:39,440 --> 00:14:42,680 Speaker 3: up from Donald Trump at this point. He's cried wolf 300 00:14:42,720 --> 00:14:46,040 Speaker 3: now three times on his ultimatums. He's said one thing 301 00:14:46,240 --> 00:14:48,760 Speaker 3: and then in the next breath said the exact polar 302 00:14:48,800 --> 00:14:52,000 Speaker 3: opposite of it, and now he's talking about ending an 303 00:14:52,160 --> 00:14:56,520 Speaker 3: entire civilization, which again is probably bluster, but who really knows. 304 00:14:56,800 --> 00:14:59,000 Speaker 3: White House officials have described him as being in a 305 00:14:59,120 --> 00:15:03,560 Speaker 3: defiant move. Walls aren't generally one on moods, they're one 306 00:15:03,560 --> 00:15:06,600 Speaker 3: on strategy and execution, and the game plan for Iran 307 00:15:06,720 --> 00:15:10,600 Speaker 3: has clearly been sorely lacking for some time. Even Nigel Farage, 308 00:15:10,640 --> 00:15:13,560 Speaker 3: of all people, has come out overnight said Trump's gone 309 00:15:13,600 --> 00:15:17,240 Speaker 3: too far with his rhetoric. Tucker Carlson, he wants the 310 00:15:17,280 --> 00:15:21,520 Speaker 3: military to directly disobey Trump's orders refuse to carry out 311 00:15:21,560 --> 00:15:24,160 Speaker 3: his bombing. The reason this is all for nothing is 312 00:15:24,200 --> 00:15:27,760 Speaker 3: because Trump could blast Iran's military infrastructure till the cows 313 00:15:27,760 --> 00:15:30,760 Speaker 3: come home and still not get every drone, every speedboat, 314 00:15:30,800 --> 00:15:33,960 Speaker 3: every regime loving terrorist out there, and all it takes 315 00:15:33,960 --> 00:15:35,520 Speaker 3: are a few of them to hold the world to 316 00:15:35,640 --> 00:15:38,680 Speaker 3: ransom via the Strait, as we're all learning. So Trump 317 00:15:38,760 --> 00:15:42,600 Speaker 3: ups the ante, He talks tough, he threatens to end civilization. 318 00:15:43,240 --> 00:15:45,120 Speaker 2: And what have the Iranians done. 319 00:15:45,280 --> 00:15:49,120 Speaker 3: They've cut off direct diplomatic talks with the US, which 320 00:15:49,200 --> 00:15:53,280 Speaker 3: means we're now in some quite dangerous territory. Remember, for 321 00:15:53,400 --> 00:15:55,640 Speaker 3: them to win, or claim they have won, all they 322 00:15:55,640 --> 00:15:58,080 Speaker 3: have to do is survive to live another day, which 323 00:15:58,160 --> 00:16:02,360 Speaker 3: leaves Trump either ending in an entire civilization, which surely 324 00:16:02,400 --> 00:16:05,360 Speaker 3: he won't do because that could end the world or 325 00:16:05,480 --> 00:16:10,080 Speaker 3: backing down again. Either way not a great outcome for 326 00:16:10,160 --> 00:16:14,280 Speaker 3: a strong man like him, Ryan Bridge, this is what 327 00:16:14,320 --> 00:16:17,360 Speaker 3: Farag said. So there's been two Farage stand ups today. 328 00:16:17,480 --> 00:16:21,360 Speaker 3: One was he was talking about a local immigration policy 329 00:16:21,760 --> 00:16:23,320 Speaker 3: and then he did a walk about. So this is 330 00:16:23,360 --> 00:16:26,840 Speaker 3: what he initially said about Trump before the civilization chat. 331 00:16:27,360 --> 00:16:31,760 Speaker 11: Without America, we are virtually defenseless. So both the British primatis, 332 00:16:31,800 --> 00:16:34,400 Speaker 11: i'd say to Trump, what is the aim, what is 333 00:16:34,440 --> 00:16:36,400 Speaker 11: the objective, what is the end game? 334 00:16:36,640 --> 00:16:37,840 Speaker 2: What is the way out? 335 00:16:38,120 --> 00:16:41,240 Speaker 11: And provide that I received satisfactory answers to those questions, 336 00:16:41,240 --> 00:16:44,320 Speaker 11: I would say the continued use of our basis was 337 00:16:44,520 --> 00:16:45,800 Speaker 11: the right thing to do. 338 00:16:46,080 --> 00:16:48,520 Speaker 3: Yeah, he does a walk about afterwards, and in that 339 00:16:48,680 --> 00:16:51,640 Speaker 3: time Trump has put up his truth social post about 340 00:16:51,720 --> 00:16:55,520 Speaker 3: ending the civilization, and Faraj says, I am quite shocked 341 00:16:55,720 --> 00:16:58,000 Speaker 3: just to hear that that is over the top in 342 00:16:58,040 --> 00:17:01,000 Speaker 3: every single way. Yes, of course he wants to threaten 343 00:17:01,080 --> 00:17:04,119 Speaker 3: to get them to the negotiating table, but those words 344 00:17:04,160 --> 00:17:08,480 Speaker 3: are well, they're way too far. This is Nigel Faraj. 345 00:17:10,000 --> 00:17:13,200 Speaker 3: When you've lost Nigel's heir you know you've probably crossed 346 00:17:13,200 --> 00:17:13,800 Speaker 3: the line. 347 00:17:14,760 --> 00:17:17,159 Speaker 2: Right. It is twenty nine minutes after five News TALKSB. 348 00:17:17,240 --> 00:17:20,240 Speaker 3: We'll head to the UK after News and then to 349 00:17:20,359 --> 00:17:22,960 Speaker 3: Sharon Zolna on today's OCAR decision. 350 00:17:33,240 --> 00:17:37,680 Speaker 1: Ryan Bridge on early edition with sparks for business technology 351 00:17:37,800 --> 00:17:39,119 Speaker 1: that keeps business moving. 352 00:17:39,359 --> 00:17:40,400 Speaker 2: News Talk ZB. 353 00:17:42,760 --> 00:17:44,800 Speaker 3: Pretty far away from six yer on News Talks, it'd 354 00:17:44,800 --> 00:17:46,919 Speaker 3: be great to have your company on this Wednesday morning. 355 00:17:46,960 --> 00:17:49,920 Speaker 3: Talk of seven percent inflation and poor dollar diesel? Are 356 00:17:49,920 --> 00:17:52,320 Speaker 3: these realistic numbers or are they stabs in the dark. 357 00:17:52,440 --> 00:17:54,959 Speaker 3: Sharon Zolna remains it on this Before six plus, we'll 358 00:17:55,000 --> 00:17:58,240 Speaker 3: head to the UK with Gavin Gray. Wouldn't you like 359 00:17:58,280 --> 00:18:00,880 Speaker 3: to be one of those astronauts further from mirth than 360 00:18:00,880 --> 00:18:03,840 Speaker 3: any humans being before? As Trump threatens to end a 361 00:18:04,000 --> 00:18:08,160 Speaker 3: civilization tonight, My goodness me, what are we doing? Here's 362 00:18:08,160 --> 00:18:10,160 Speaker 3: some good news for you. This is well, it's sort 363 00:18:10,200 --> 00:18:13,080 Speaker 3: of fun news for you. A record breaking pumpkin grown 364 00:18:13,200 --> 00:18:18,960 Speaker 3: in Australia four hundred and eight kilograms. It's ginormous that 365 00:18:19,040 --> 00:18:20,720 Speaker 3: they have to cut it round on the back of 366 00:18:20,760 --> 00:18:23,840 Speaker 3: a truck and they have to hoisted up with a 367 00:18:23,880 --> 00:18:26,840 Speaker 3: digger to get it off the ground. It is massive, 368 00:18:26,880 --> 00:18:29,639 Speaker 3: It's like the size of a small car. And this 369 00:18:29,720 --> 00:18:34,760 Speaker 3: is grower Kelsey Fremantle produce the winning giant, heaviest pumpkin 370 00:18:34,840 --> 00:18:38,400 Speaker 3: recorded in the competition's history. This is the Lower Calgan 371 00:18:38,440 --> 00:18:42,360 Speaker 3: Pumpkin Festival weigh in and second place was only two 372 00:18:42,400 --> 00:18:43,080 Speaker 3: kilograms off. 373 00:18:43,080 --> 00:18:43,440 Speaker 2: They reckon. 374 00:18:43,480 --> 00:18:46,600 Speaker 3: It's been the best year for growing pumpkins ever. Seeds 375 00:18:46,680 --> 00:18:50,200 Speaker 3: germinated in September, six months of growth. And the secret 376 00:18:50,480 --> 00:18:52,600 Speaker 3: to a giant pumpkin that you can put on the 377 00:18:52,640 --> 00:18:56,399 Speaker 3: back of a truck is loads of water. Time is 378 00:18:56,400 --> 00:18:58,520 Speaker 3: twenty three minutes away from six. Let's go to our 379 00:18:58,520 --> 00:19:01,480 Speaker 3: reporters around the country. Morning Callum, Morning Ryan. So we've 380 00:19:01,480 --> 00:19:03,919 Speaker 3: got a person overboard on a fishing trawler in the 381 00:19:03,960 --> 00:19:04,720 Speaker 3: South Pacific. 382 00:19:05,600 --> 00:19:08,240 Speaker 12: Yeah, and a team of investigators, Ryan are heading to 383 00:19:08,240 --> 00:19:12,159 Speaker 12: to Bluff to look into this person went overboard on 384 00:19:12,359 --> 00:19:15,440 Speaker 12: a fishing trawler in the South Pacific on Sunday night. 385 00:19:16,040 --> 00:19:18,720 Speaker 12: This was a crew member on board the Amasile Mariner. 386 00:19:19,200 --> 00:19:21,760 Speaker 12: They were knocked overboard by a boy on Sunday night. 387 00:19:21,800 --> 00:19:24,120 Speaker 12: They're still missing. This is despite efforts to find them. 388 00:19:24,600 --> 00:19:28,080 Speaker 12: And it happens four hundred kilometers east of the Auckland Islands. 389 00:19:29,080 --> 00:19:33,520 Speaker 12: The Transport Accident Investigation Commission will now head south to 390 00:19:33,560 --> 00:19:36,240 Speaker 12: gather evidence on this and interview the trawler's crew and 391 00:19:36,320 --> 00:19:38,960 Speaker 12: other local officials. They say their focus will be on 392 00:19:39,000 --> 00:19:41,480 Speaker 12: evidence that could disappear or change, and hearing from people 393 00:19:41,520 --> 00:19:44,240 Speaker 12: while their memories fresh in their minds. Right, how's the weather, 394 00:19:45,520 --> 00:19:48,800 Speaker 12: Rain Clears to mainly find here today? High cloud northerly 395 00:19:48,920 --> 00:19:49,880 Speaker 12: is the high twenty two? 396 00:19:50,000 --> 00:19:52,160 Speaker 3: All right, thank you Clears and christ this morning, clear, 397 00:19:52,440 --> 00:19:55,359 Speaker 3: good morning. So what's changed at Canterbury UNI? The student 398 00:19:55,440 --> 00:19:58,440 Speaker 3: bar after what went down and wind the change? 399 00:19:58,760 --> 00:20:01,440 Speaker 13: Yeah, well you might know of the Foundry, the university 400 00:20:01,520 --> 00:20:04,560 Speaker 13: bar here in Canterbury. It's had an incident last year 401 00:20:04,600 --> 00:20:08,080 Speaker 13: where there was basically crushing in a large crowd as 402 00:20:08,080 --> 00:20:12,040 Speaker 13: it surged against fencing outside the venue. At least one 403 00:20:12,119 --> 00:20:16,280 Speaker 13: person was injured in that incident. The University's now announced 404 00:20:16,280 --> 00:20:20,920 Speaker 13: it Grassroots, which is a weekly DJ gig sort of system, 405 00:20:21,040 --> 00:20:23,600 Speaker 13: is back this year, but it has got a change. 406 00:20:23,640 --> 00:20:26,560 Speaker 13: They've introduced a ticketing system. The idea around this is 407 00:20:26,560 --> 00:20:29,800 Speaker 13: that there'll only be three hundred free tickets available each week, 408 00:20:30,040 --> 00:20:32,119 Speaker 13: just to limit how many people are there. One of 409 00:20:32,160 --> 00:20:34,200 Speaker 13: the students who was there at the time. Lincoln UNI 410 00:20:34,240 --> 00:20:38,359 Speaker 13: student Georgia Doughty suffered a concussion in the incident. She's 411 00:20:38,400 --> 00:20:41,160 Speaker 13: really welcoming the change, she says the tragedy was easily 412 00:20:41,160 --> 00:20:45,800 Speaker 13: avoidable and crowd attendance was not controlled well previously. The 413 00:20:45,800 --> 00:20:48,919 Speaker 13: Foundry and the student Association have both been approached for comment. 414 00:20:49,440 --> 00:20:50,320 Speaker 2: How's your weather clear? 415 00:20:51,000 --> 00:20:54,440 Speaker 13: Some scattered rain clearing this morning will become fine northeries 416 00:20:54,520 --> 00:20:55,600 Speaker 13: and a high of twenty four. 417 00:20:55,680 --> 00:20:58,760 Speaker 3: Appreciate it, Thank you, Tabiz Macintosh. Wellington, they've got a 418 00:20:58,760 --> 00:21:00,600 Speaker 3: bit of rates rage there to beast. 419 00:21:01,400 --> 00:21:05,440 Speaker 14: Yeah, little surprise seeing this new data. A report from 420 00:21:05,440 --> 00:21:08,280 Speaker 14: the Wellington City Council has found rates have more than 421 00:21:08,359 --> 00:21:12,000 Speaker 14: doubled since twenty twelve. So the median rates bill makes 422 00:21:12,080 --> 00:21:15,840 Speaker 14: up four point seven percent of household incomes in Wellington 423 00:21:15,920 --> 00:21:19,439 Speaker 14: and pottid Or. That's actually only beaten by Totonger and 424 00:21:19,520 --> 00:21:23,760 Speaker 14: Dunedin businesses. They've also been crying out for a rates relief. 425 00:21:23,840 --> 00:21:27,480 Speaker 14: Commercial rates in Wellington are the highest compared to similar areas, 426 00:21:27,840 --> 00:21:31,600 Speaker 14: making up two point four percent of capital value. Wellington's 427 00:21:31,640 --> 00:21:34,719 Speaker 14: Chief Strategy and Finance Officer, Andrea Reeves says the council 428 00:21:34,880 --> 00:21:37,880 Speaker 14: so far managed to reduce its proposed rates rise from 429 00:21:38,160 --> 00:21:42,159 Speaker 14: twelve point seven to seven point four percent. But that 430 00:21:42,240 --> 00:21:45,080 Speaker 14: may not be the slam dunk the council's actually claiming, 431 00:21:45,160 --> 00:21:48,000 Speaker 14: because of course water bills have been taken out of 432 00:21:48,080 --> 00:21:50,760 Speaker 14: rates bill and are being delivered to people separately. 433 00:21:51,640 --> 00:21:53,680 Speaker 2: To beast, how's the weather in Wellington today? 434 00:21:54,400 --> 00:21:54,600 Speaker 10: Yeah? 435 00:21:54,720 --> 00:21:58,159 Speaker 14: Rain possibly heavy to no surprise it is windy northerlyes 436 00:21:58,200 --> 00:22:00,000 Speaker 14: a twenty high in Wellington. 437 00:22:00,119 --> 00:22:03,320 Speaker 3: Have a great day, Nevas and Auckland morning, Neva, good morning. 438 00:22:03,520 --> 00:22:05,919 Speaker 3: So water Care and the boiled water notices, how long 439 00:22:05,960 --> 00:22:06,720 Speaker 3: are they going to last? 440 00:22:06,720 --> 00:22:07,040 Speaker 2: Do we know? 441 00:22:07,280 --> 00:22:07,600 Speaker 15: Yes? 442 00:22:07,680 --> 00:22:10,480 Speaker 16: Well, I can tell you that the Councilor is optimistic, 443 00:22:11,119 --> 00:22:15,920 Speaker 16: very optimistic that Waterkere can remove the boiled water notices today. 444 00:22:16,000 --> 00:22:19,000 Speaker 16: So fingers crossed. So at the moment they're still in 445 00:22:19,040 --> 00:22:22,520 Speaker 16: place once again. Hillsborough, Mount Roskill, Royal Oak three Kings 446 00:22:22,560 --> 00:22:26,040 Speaker 16: they're the affected areas obviously after this e coal I 447 00:22:26,200 --> 00:22:29,760 Speaker 16: positive result on Monday. But look, water Care is saying 448 00:22:29,920 --> 00:22:32,560 Speaker 16: the results most likely due to an issue with the sample. 449 00:22:32,640 --> 00:22:35,919 Speaker 16: Tap Testing yesterday showed no further signs of the bacteria. 450 00:22:36,200 --> 00:22:39,920 Speaker 16: Christine Fletcher, the Counselor, says that hopefully the notice should 451 00:22:39,960 --> 00:22:42,400 Speaker 16: be removed if all goes well today, because what they'll 452 00:22:42,400 --> 00:22:46,080 Speaker 16: do they'll do another test. If that confirms today that 453 00:22:46,119 --> 00:22:49,520 Speaker 16: there's no e coalie, then as all systems. 454 00:22:49,160 --> 00:22:51,159 Speaker 2: Go, oh, very good. How's our weather. 455 00:22:51,240 --> 00:22:54,080 Speaker 16: Rain, rain, rain, rain clearing by midday? 456 00:22:54,240 --> 00:22:55,119 Speaker 15: But isn't it muggy? 457 00:22:55,480 --> 00:22:56,720 Speaker 2: It's very hot? Yeah, I noticed? 458 00:22:57,920 --> 00:22:59,960 Speaker 16: Is it twenty now and it's twenty three today? 459 00:23:00,200 --> 00:23:03,119 Speaker 3: Very gross and sticky, Neva, thank you very much for that. 460 00:23:03,920 --> 00:23:05,920 Speaker 3: Now that this is why people get angry, there's a 461 00:23:06,040 --> 00:23:08,440 Speaker 3: cole I in the water. You're paying how much you're 462 00:23:08,440 --> 00:23:11,680 Speaker 3: paying for rates, you know, and this Wellington's upset about 463 00:23:11,720 --> 00:23:14,639 Speaker 3: this vivistext in the program from STUN. I live in 464 00:23:14,680 --> 00:23:17,240 Speaker 3: a two hundred and eighty three square meter house that 465 00:23:17,280 --> 00:23:20,480 Speaker 3: I renovated here in Wellington. Not only do I pay 466 00:23:20,560 --> 00:23:24,000 Speaker 3: eighteen thousand dollars a year in rates with an imminent 467 00:23:24,119 --> 00:23:26,560 Speaker 3: further increase, I've also lost eight hundred k off my 468 00:23:26,640 --> 00:23:29,400 Speaker 3: QB because obviously house prices and Wellington have gone through 469 00:23:29,440 --> 00:23:32,320 Speaker 3: the floor. So people don't like it. And then you 470 00:23:32,359 --> 00:23:34,080 Speaker 3: look at what's happening with the water. You look at 471 00:23:34,080 --> 00:23:37,000 Speaker 3: what's happening when it rains and what goes in the ocean. 472 00:23:36,760 --> 00:23:38,760 Speaker 2: And you think, what are we actually getting. 473 00:23:38,480 --> 00:23:41,080 Speaker 3: For all this money that we're paying. You know, it's 474 00:23:41,119 --> 00:23:45,919 Speaker 3: a bit of a head scratcher. And watercre specifically U Watercre. 475 00:23:46,640 --> 00:23:49,879 Speaker 3: Yesterday I read more than half a million dollars on 476 00:23:49,960 --> 00:23:54,320 Speaker 3: food and beverage meetings last year. Sorry, got to cut 477 00:23:54,359 --> 00:23:57,280 Speaker 3: that out. Eighteen to six News Talk ZB. We're in 478 00:23:57,280 --> 00:24:00,560 Speaker 3: the UK. Next US talk ZB. It is called to six. 479 00:24:00,720 --> 00:24:03,159 Speaker 3: Great to have your company. This morning, carg Island has 480 00:24:03,200 --> 00:24:05,800 Speaker 3: been hit fifty strikes from the US while we've been 481 00:24:05,840 --> 00:24:09,840 Speaker 3: sleeping overnight now. Yesterday UR and Z was reporting that 482 00:24:10,000 --> 00:24:13,679 Speaker 3: Z had issued a national list price advisory for this 483 00:24:13,720 --> 00:24:18,320 Speaker 3: is for commercial customers, which would come into force yesterday, 484 00:24:18,520 --> 00:24:21,760 Speaker 3: that diesel would lift fifty five cents a liter that 485 00:24:21,840 --> 00:24:24,080 Speaker 3: would put it above four dollars a liter. In fact, 486 00:24:24,160 --> 00:24:27,560 Speaker 3: at some service stations could be four dollars sixteen per liter. 487 00:24:28,520 --> 00:24:31,600 Speaker 3: And the cost of refining as lifted six hundred percent. 488 00:24:31,640 --> 00:24:34,439 Speaker 3: Refining is now more of the cost than the actual 489 00:24:34,480 --> 00:24:35,440 Speaker 3: oil itself. 490 00:24:35,760 --> 00:24:37,040 Speaker 2: So is this stuff true? 491 00:24:37,040 --> 00:24:39,560 Speaker 3: Are we going to head to four dollars plus the 492 00:24:39,640 --> 00:24:41,840 Speaker 3: leader for diesel? And are we going to head to 493 00:24:42,040 --> 00:24:46,119 Speaker 3: seven percent inflation? Which is what some journalists are asking 494 00:24:46,640 --> 00:24:48,600 Speaker 3: is that number being plucked down of thin air or 495 00:24:48,680 --> 00:24:51,000 Speaker 3: is there a basis to Sharon's onor on that plus 496 00:24:51,040 --> 00:24:52,639 Speaker 3: the OCI in a few minutes. 497 00:24:52,440 --> 00:24:57,280 Speaker 1: Time, International correspondence with NS and Eye Insurance, Peace of 498 00:24:57,359 --> 00:24:59,000 Speaker 1: Mind for New Zealand Business. 499 00:24:59,280 --> 00:25:01,320 Speaker 3: Davin Graham New k for US, Kevin will start with 500 00:25:01,320 --> 00:25:02,440 Speaker 3: this music festival. 501 00:25:02,520 --> 00:25:05,560 Speaker 2: Kanye is being given a big block by the government. 502 00:25:06,600 --> 00:25:09,560 Speaker 15: He sure has, yes, So Kanye West has been blocked 503 00:25:09,560 --> 00:25:12,200 Speaker 15: by the British government from headlining a three day music 504 00:25:12,280 --> 00:25:16,480 Speaker 15: festival in London, probably London's most popular individual festival. It's 505 00:25:16,480 --> 00:25:19,879 Speaker 15: called Wireless in North London, and the US rapper was 506 00:25:19,960 --> 00:25:23,080 Speaker 15: due to headline across the three days. Now, initially the 507 00:25:23,080 --> 00:25:25,840 Speaker 15: Prime Minister said that he was unhappy that that was 508 00:25:25,880 --> 00:25:30,360 Speaker 15: the case because of Kanye's west string of anti Semitic comments. Now, 509 00:25:30,520 --> 00:25:33,600 Speaker 15: West had apologized for that back in January as saying 510 00:25:33,640 --> 00:25:36,560 Speaker 15: he'd lost touch with reality and had a bipolar disorder, 511 00:25:36,640 --> 00:25:39,240 Speaker 15: but many felt that he should not have been invited. 512 00:25:39,400 --> 00:25:44,040 Speaker 15: Then a couple of the headline sponsors withdrew. And now 513 00:25:44,080 --> 00:25:46,920 Speaker 15: we learn that the government is going to refuse Kanye 514 00:25:47,000 --> 00:25:50,200 Speaker 15: West a visa to come to the UK. And now 515 00:25:50,240 --> 00:25:53,840 Speaker 15: we learn that wireless is to be canceled this year. 516 00:25:54,280 --> 00:25:56,960 Speaker 15: All that happening in the last of the three four hours, really, 517 00:25:57,160 --> 00:26:00,280 Speaker 15: but the decision to block him was welcomed by politics 518 00:26:00,280 --> 00:26:03,080 Speaker 15: and Jewish groups, and they said lessons can be learned 519 00:26:03,119 --> 00:26:07,639 Speaker 15: across the industry for inviting somebody like Kanye West to 520 00:26:07,680 --> 00:26:08,840 Speaker 15: come and perform. 521 00:26:08,920 --> 00:26:10,400 Speaker 2: Now let's go to Hungary. 522 00:26:10,560 --> 00:26:13,440 Speaker 3: So jd Vance is in town trying to give the 523 00:26:13,520 --> 00:26:15,919 Speaker 3: current incumbent, Victor Orban a bit of a boost. But 524 00:26:15,960 --> 00:26:18,040 Speaker 3: he's going to lose the selection this weekend, isn't he. 525 00:26:19,080 --> 00:26:21,720 Speaker 15: It's certainly looking that way. So Victor Auban has been 526 00:26:21,760 --> 00:26:26,320 Speaker 15: Prime Minister of Hungary for some fifteen years sixteen years 527 00:26:26,359 --> 00:26:29,480 Speaker 15: almost actually, and he's looking for friends to try and 528 00:26:29,520 --> 00:26:33,520 Speaker 15: bolster his campaign, and in steps the Vice President of 529 00:26:33,600 --> 00:26:34,400 Speaker 15: America JD. 530 00:26:34,600 --> 00:26:34,919 Speaker 10: Vance. 531 00:26:35,520 --> 00:26:38,560 Speaker 15: Very interesting this he's given a ringing endorsement to the 532 00:26:38,640 --> 00:26:42,760 Speaker 15: Hungarian prime minister. Why well, because JD Vance is probably 533 00:26:42,800 --> 00:26:46,480 Speaker 15: the key European ally of the Trump administration. He's also 534 00:26:46,720 --> 00:26:50,240 Speaker 15: the Russian President Vladimir Putin's closest partner in the EU 535 00:26:50,440 --> 00:26:52,320 Speaker 15: and a bit of an outlier when it comes to 536 00:26:52,359 --> 00:26:55,760 Speaker 15: the rest of the European Union bloc. So having won 537 00:26:55,840 --> 00:26:58,840 Speaker 15: four elections in a row, it looks like he is 538 00:26:58,920 --> 00:27:02,600 Speaker 15: set to lose Sunday vote according to opinion polls. JD 539 00:27:02,760 --> 00:27:06,880 Speaker 15: Vance launching a bitter attack on almost his arrival in Hungary, 540 00:27:07,240 --> 00:27:11,240 Speaker 15: just saying that the European Union had effectively twisted and 541 00:27:11,520 --> 00:27:16,240 Speaker 15: was trying to interfere in Hungary's election by using sort 542 00:27:16,240 --> 00:27:19,320 Speaker 15: of disgraceful tactics, as he'd called it, and that was 543 00:27:19,359 --> 00:27:21,800 Speaker 15: part of the reason that he'd come to visit and 544 00:27:21,880 --> 00:27:24,280 Speaker 15: lent his support to Victor Orbach. We will see the 545 00:27:24,320 --> 00:27:27,040 Speaker 15: result of that election, as I said, Sunday evening our time. 546 00:27:27,200 --> 00:27:30,080 Speaker 3: Kevin Gray, are UK Europe corresponding? Appreciate your updates. There's 547 00:27:30,080 --> 00:27:33,479 Speaker 3: always twelve minutes away from six. Ryan Brichius oci Art 548 00:27:33,520 --> 00:27:36,800 Speaker 3: decision today post operation epic fury. This is from the 549 00:27:36,920 --> 00:27:39,400 Speaker 3: RB and Z economous reckon. They'll hold steady at two 550 00:27:39,440 --> 00:27:41,960 Speaker 3: point twenty five percent. Sharon Zolmer, a ands in chief 551 00:27:41,960 --> 00:27:45,160 Speaker 3: economs with me this morning. Sharon, good morning, good morning, 552 00:27:45,440 --> 00:27:46,520 Speaker 3: So creuch and hold today? 553 00:27:48,000 --> 00:27:51,080 Speaker 10: Yeah, what else are you going to do? Yeah? Yeah, 554 00:27:51,119 --> 00:27:54,280 Speaker 10: it's so actually ambiguous how Muntry policy should respond to this. 555 00:27:54,400 --> 00:27:58,720 Speaker 10: It's clearly dead, but it's also clearly in slationary bad 556 00:27:58,760 --> 00:28:02,879 Speaker 10: for growth. There is no right answer for monetary policy 557 00:28:02,960 --> 00:28:05,520 Speaker 10: really in the sort of scenario, sort of do no 558 00:28:05,600 --> 00:28:07,879 Speaker 10: additional harm is kind of the best you can hope for. 559 00:28:08,720 --> 00:28:12,040 Speaker 10: So until it's clear whether it's going to require higher 560 00:28:12,119 --> 00:28:16,400 Speaker 10: interest rates to head off persistant inflation or not, absolutely 561 00:28:16,440 --> 00:28:18,320 Speaker 10: the best thing for the Reserve Bank to do is 562 00:28:18,840 --> 00:28:20,760 Speaker 10: just spand weight and see mode. 563 00:28:21,280 --> 00:28:24,600 Speaker 3: The journalist asking about seven percent inflation, I'm assuming they're 564 00:28:24,600 --> 00:28:28,119 Speaker 3: picking that number because that's how high we got, actually 565 00:28:28,240 --> 00:28:31,399 Speaker 3: north of seven percent after the COVID years. But is 566 00:28:31,520 --> 00:28:34,200 Speaker 3: there any reason to think it will go that high? 567 00:28:36,000 --> 00:28:38,520 Speaker 10: No, well, I mean not at this point here and 568 00:28:38,600 --> 00:28:40,720 Speaker 10: now today, ask us again tomorrow. You know, we're in 569 00:28:40,760 --> 00:28:45,200 Speaker 10: that kind of world. We made assumptions just to put 570 00:28:45,320 --> 00:28:48,680 Speaker 10: something in our updated forward us and we came up 571 00:28:48,680 --> 00:28:50,360 Speaker 10: with the number. But if you assume the oil price 572 00:28:50,440 --> 00:28:52,680 Speaker 10: peaks at one hundred and gradually clients from here, that 573 00:28:52,760 --> 00:28:55,160 Speaker 10: gives you something like three point six. Now, obviously that's 574 00:28:55,200 --> 00:28:58,440 Speaker 10: looking at that hierarque. At this point, it's looking like 575 00:28:58,520 --> 00:29:01,800 Speaker 10: the oil price will be higher for longer. We have 576 00:29:02,840 --> 00:29:07,480 Speaker 10: trumped sending posts that there's going to be civilizational destruction today, 577 00:29:07,680 --> 00:29:10,600 Speaker 10: So I mean that we're often terms of your forecasting 578 00:29:10,680 --> 00:29:14,560 Speaker 10: cecr inflation at that point. So it's really absolutely a 579 00:29:14,640 --> 00:29:17,400 Speaker 10: matter of weight and see. But for the Reserve Bank, 580 00:29:17,480 --> 00:29:20,760 Speaker 10: it's really not the point how high inflation goes. It's 581 00:29:20,920 --> 00:29:24,160 Speaker 10: how high it's stays, how quickly it comes down, whether 582 00:29:24,200 --> 00:29:27,520 Speaker 10: it becomes a medium term problem, or whether people just 583 00:29:27,720 --> 00:29:30,280 Speaker 10: accept it that it's a one off shift in the 584 00:29:30,320 --> 00:29:32,840 Speaker 10: price level and that things will get back to normal. 585 00:29:32,920 --> 00:29:34,040 Speaker 10: That's the key question. 586 00:29:33,920 --> 00:29:34,680 Speaker 17: From where they sit. 587 00:29:34,920 --> 00:29:37,400 Speaker 3: And are we somewhat insulated by the fact we haven't 588 00:29:37,440 --> 00:29:39,320 Speaker 3: been doing as well over the last few years as 589 00:29:39,360 --> 00:29:40,320 Speaker 3: other countries have been. 590 00:29:42,200 --> 00:29:44,480 Speaker 10: There's no good time for something like this to happen. 591 00:29:45,160 --> 00:29:47,680 Speaker 10: But if you're economy is strong, that has advantages. But 592 00:29:47,760 --> 00:29:50,160 Speaker 10: if your economy has been weak, then you know that's 593 00:29:50,200 --> 00:29:53,840 Speaker 10: got some upsides as well. In particular, they're not in 594 00:29:53,920 --> 00:29:56,920 Speaker 10: a very frothy time for asset prices, for example, all 595 00:29:56,960 --> 00:30:00,400 Speaker 10: the heats come out of house prices already, so you 596 00:30:00,480 --> 00:30:03,760 Speaker 10: know the chances of a crash there is obviously lower 597 00:30:03,800 --> 00:30:07,440 Speaker 10: from the fact that the starting point is lower. We're 598 00:30:07,520 --> 00:30:09,200 Speaker 10: not in the world where firms are going to find 599 00:30:09,240 --> 00:30:12,880 Speaker 10: it particularly easy to pass cost increases through the prices. 600 00:30:12,920 --> 00:30:15,920 Speaker 10: That's bad news for them, but good news for the 601 00:30:16,120 --> 00:30:19,360 Speaker 10: Reserve Bank in terms of keeping in slate, we're not 602 00:30:19,480 --> 00:30:21,800 Speaker 10: keeping inflation low, but making sure it stays low in 603 00:30:21,840 --> 00:30:25,400 Speaker 10: the medium term, for example. But yeah, we're seeing different 604 00:30:25,440 --> 00:30:29,360 Speaker 10: countries at different points of the cycle. Yeah, being more 605 00:30:29,520 --> 00:30:33,760 Speaker 10: or less worried about inflation for exactly those kinds of reasons. 606 00:30:34,200 --> 00:30:36,640 Speaker 10: But it's also true that our official cash rate is 607 00:30:36,720 --> 00:30:40,800 Speaker 10: starting from a very low point. So there is a 608 00:30:40,840 --> 00:30:44,440 Speaker 10: scenario where the Reserve Bank could decide a little bit 609 00:30:44,480 --> 00:30:46,520 Speaker 10: furoner than otherwise that maybe they should get it back 610 00:30:46,560 --> 00:30:50,280 Speaker 10: to something closer to neutral. We'll have to wait and see. 611 00:30:50,360 --> 00:30:53,160 Speaker 10: We're still forecasting to send er, but honestly, the range 612 00:30:53,200 --> 00:30:56,760 Speaker 10: of plausible scenarios is obviously much much wider than. 613 00:30:56,680 --> 00:30:59,360 Speaker 3: It was six weeks ago, and changes on every truth 614 00:30:59,440 --> 00:31:02,920 Speaker 3: social pot from a certain man in the White House. 615 00:31:03,000 --> 00:31:05,760 Speaker 3: Sharon Zolmer am Z Chief Economists with us this morning, 616 00:31:05,800 --> 00:31:08,120 Speaker 3: that ac ART decision out today, eight away from six 617 00:31:08,240 --> 00:31:10,360 Speaker 3: News TALKSB The. 618 00:31:10,480 --> 00:31:13,560 Speaker 1: News you Need this morning and the in depth analysis 619 00:31:13,720 --> 00:31:18,240 Speaker 1: early edition with Ryan Bridge and Spark for Business Technology 620 00:31:18,320 --> 00:31:19,600 Speaker 1: that keeps Business Moving. 621 00:31:19,760 --> 00:31:23,560 Speaker 3: News TALKSB News talksb six minutes away from six. There's 622 00:31:23,640 --> 00:31:25,640 Speaker 3: a lot of love for Wellington, but there's a lot 623 00:31:25,640 --> 00:31:27,440 Speaker 3: of hate for Wellington as well, and the fact that 624 00:31:27,520 --> 00:31:31,040 Speaker 3: their rates have doubled since twenty twelve. Morning Ryan, Wellington 625 00:31:31,160 --> 00:31:34,360 Speaker 3: rates are out of order, absolutely, But Wellington residents continue 626 00:31:34,360 --> 00:31:37,280 Speaker 3: to vote in left leaning counselors, says Ian, So they 627 00:31:37,400 --> 00:31:40,920 Speaker 3: are to blame themselves. Another says, apparently there's thirty five 628 00:31:41,000 --> 00:31:44,360 Speaker 3: staff members at Wellington City Council right now who work 629 00:31:44,480 --> 00:31:49,680 Speaker 3: directly on climate change initiatives. The focus is on implementing 630 00:31:50,240 --> 00:31:54,720 Speaker 3: Tatsakuda first to zero, so they've got themselves to blame. 631 00:31:54,800 --> 00:31:55,840 Speaker 3: Point the finger in the mirror. 632 00:31:55,920 --> 00:31:58,720 Speaker 2: It is five to six, Bryan Bridge, Good morning, Mike. 633 00:32:00,280 --> 00:32:01,360 Speaker 2: Great learning. 634 00:32:01,480 --> 00:32:03,320 Speaker 17: So the first learning I thought out of the war 635 00:32:04,200 --> 00:32:06,880 Speaker 17: was how reliant the world is on oil, and so 636 00:32:07,040 --> 00:32:10,320 Speaker 17: the whole climate change things is essentially a fraud. There's 637 00:32:10,360 --> 00:32:12,840 Speaker 17: nothing wrong with chasing a climate change target, but the 638 00:32:13,000 --> 00:32:16,160 Speaker 17: idea that we've got to where we are is basically 639 00:32:16,280 --> 00:32:20,360 Speaker 17: meant nothing. And then yesterday your PBC News so and 640 00:32:20,440 --> 00:32:24,880 Speaker 17: then I'm watching this one plastic New Zealand, you know, 641 00:32:25,000 --> 00:32:26,920 Speaker 17: and you've never heard of it because you don't want 642 00:32:26,920 --> 00:32:29,720 Speaker 17: to put your head above the parapet in an environment 643 00:32:29,800 --> 00:32:34,080 Speaker 17: where plastic to everything's in plastic. She said, everything's in plastic. 644 00:32:34,160 --> 00:32:36,400 Speaker 17: So what have we actually achieved in the last twenty 645 00:32:36,520 --> 00:32:39,120 Speaker 17: or thirty years in terms of making the world. 646 00:32:40,520 --> 00:32:42,320 Speaker 2: No more plastic shopping bags? 647 00:32:42,680 --> 00:32:42,880 Speaker 10: Wow? 648 00:32:43,240 --> 00:32:45,360 Speaker 2: And so the dolphins and doesn't that does it? 649 00:32:45,480 --> 00:32:50,600 Speaker 17: It's plastic straws and plastic shopping bags, and that's our. 650 00:32:49,760 --> 00:32:50,800 Speaker 2: Big calling card. 651 00:32:51,240 --> 00:32:54,040 Speaker 3: I always said, when they brought in that plastic shopping bag, 652 00:32:54,120 --> 00:32:56,200 Speaker 3: the single use ban, why don't we look at how 653 00:32:56,280 --> 00:32:59,080 Speaker 3: much plastic supermarkets use overall. 654 00:32:59,120 --> 00:33:01,160 Speaker 2: To wrap the stuff out the bank because it's too 655 00:33:01,200 --> 00:33:01,880 Speaker 2: hot exactly. 656 00:33:01,960 --> 00:33:03,800 Speaker 17: So we're happy for a headline. So we've saved some 657 00:33:03,880 --> 00:33:06,720 Speaker 17: plastic bags and plastic straws, and we think that we've 658 00:33:06,720 --> 00:33:08,680 Speaker 17: got a few solar panels and somehow and all it 659 00:33:08,760 --> 00:33:11,640 Speaker 17: takes one wore one straight and the whole thing. 660 00:33:11,680 --> 00:33:12,200 Speaker 2: Did you read? 661 00:33:12,240 --> 00:33:14,960 Speaker 17: By the way, there's an agency who's sent a bloke 662 00:33:16,120 --> 00:33:18,480 Speaker 17: from New York to the Straight of Her Moves and 663 00:33:18,560 --> 00:33:21,120 Speaker 17: he sat there talking to people for several days. The 664 00:33:21,160 --> 00:33:23,800 Speaker 17: straight up her Moves is actually open and there's quite 665 00:33:23,800 --> 00:33:25,120 Speaker 17: a few ships going through it. 666 00:33:25,240 --> 00:33:26,480 Speaker 2: So that's blanket. 667 00:33:26,200 --> 00:33:29,800 Speaker 17: Western it's all closed, isn't true? So anyway, we'll cover 668 00:33:29,880 --> 00:33:32,040 Speaker 17: all that morning. Winston Peters, by the way, he's met with. 669 00:33:32,760 --> 00:33:35,480 Speaker 2: Little Marco Marco Rubia, so we'll get. 670 00:33:35,440 --> 00:33:36,800 Speaker 17: Him on phone and find out what happened. 671 00:33:36,960 --> 00:33:38,840 Speaker 3: Very good looking forward to it. Mike is here with 672 00:33:38,920 --> 00:33:42,760 Speaker 3: you next. Have a fantastic day. Hopefully civilized civilization and 673 00:33:42,800 --> 00:33:45,720 Speaker 3: endures both today tomorrow. 674 00:34:00,440 --> 00:34:06,480 Speaker 1: I'm for more from Early Edition with Ryan Bridge. Listen 675 00:34:06,640 --> 00:34:09,640 Speaker 1: live to news Talks it'd be from five am weekdays, 676 00:34:09,920 --> 00:34:11,919 Speaker 1: or follow the podcast on iHeartRadio.