1 00:00:01,200 --> 00:00:05,360 Speaker 1: The issues, the interviews and the insight. Ryan Bridge on 2 00:00:05,559 --> 00:00:10,000 Speaker 1: Earliership with r VS Supercenter explore r V successories and 3 00:00:10,119 --> 00:00:11,920 Speaker 1: servicing more than one news talks. 4 00:00:11,960 --> 00:00:14,400 Speaker 2: They'd be good morning Tuesday. It is six after five. 5 00:00:14,440 --> 00:00:16,319 Speaker 2: Great to have your company this morning. Coming up on 6 00:00:16,360 --> 00:00:18,800 Speaker 2: the program to party mart who's divorced. They've lost a 7 00:00:18,840 --> 00:00:21,560 Speaker 2: third of their caucus now lives, the Yeomens and Australia 8 00:00:21,600 --> 00:00:24,680 Speaker 2: for US, the Nazi protest that's dragging MPs down. Bank 9 00:00:24,720 --> 00:00:28,360 Speaker 2: profits will look at those and firearms changes coming out 10 00:00:28,360 --> 00:00:30,520 Speaker 2: today will tell you what they are likely to be 11 00:00:30,840 --> 00:00:35,440 Speaker 2: and not be. The agenda Tuesday the eleventh and November. 12 00:00:35,600 --> 00:00:38,919 Speaker 2: Finally some movement in Washington. The Senate's passed wait for it, 13 00:00:39,040 --> 00:00:42,280 Speaker 2: the first step towards ending the government shutdown, so not 14 00:00:42,360 --> 00:00:43,080 Speaker 2: quite there yet. 15 00:00:43,159 --> 00:00:45,360 Speaker 3: If it does pass, it would bring back for a 16 00:00:45,440 --> 00:00:49,280 Speaker 3: lord Federal workers Fund, backpay for miss paychecks, and fully 17 00:00:49,320 --> 00:00:52,640 Speaker 3: restore SNAB food benefits, and the government would have the 18 00:00:52,680 --> 00:00:55,440 Speaker 3: money to operate at least through the end of January. 19 00:00:55,520 --> 00:00:57,880 Speaker 3: But it still has to pass both the Senate and 20 00:00:57,960 --> 00:01:00,200 Speaker 3: then the House before it becomes. 21 00:01:00,520 --> 00:01:03,640 Speaker 2: Across the Atlantic. The beebe Cross Trump now Trump City 22 00:01:03,640 --> 00:01:06,280 Speaker 2: will sue them here's the cheer apologizing sort of. 23 00:01:06,600 --> 00:01:07,680 Speaker 1: That was the wrong call. 24 00:01:07,720 --> 00:01:08,400 Speaker 4: It was a mistake. 25 00:01:08,440 --> 00:01:09,240 Speaker 1: Is that what you're saying? 26 00:01:09,319 --> 00:01:13,600 Speaker 5: Yes, are you apologizing directly to President Trump personally on 27 00:01:13,640 --> 00:01:14,679 Speaker 5: behalf of the BBC. 28 00:01:15,240 --> 00:01:18,360 Speaker 6: We have received communication from President Trump and and his 29 00:01:18,520 --> 00:01:23,280 Speaker 6: people and react mother considering how to apply to him. 30 00:01:22,880 --> 00:01:24,880 Speaker 5: As he said that he's going to be suing the BBC. 31 00:01:25,680 --> 00:01:28,480 Speaker 6: I do not know that yet, but he's a religious fellow, 32 00:01:28,840 --> 00:01:31,959 Speaker 6: so you should be prepared for all all outcomes. 33 00:01:32,319 --> 00:01:34,800 Speaker 2: Maybe you should have been too, Director General, Head of News. 34 00:01:34,800 --> 00:01:35,520 Speaker 2: They both quit. 35 00:01:35,640 --> 00:01:38,280 Speaker 5: I stepped down over the weekend because the box stops 36 00:01:38,280 --> 00:01:38,480 Speaker 5: with me. 37 00:01:39,400 --> 00:01:41,160 Speaker 2: But I'd like to make one thing very clear. 38 00:01:41,920 --> 00:01:47,000 Speaker 5: BBC News is not institutionally biased. That's why it's the 39 00:01:47,040 --> 00:01:49,640 Speaker 5: world's most trusted news provider. 40 00:01:49,800 --> 00:01:52,520 Speaker 2: Mmmm. That's a bit of a clanger on a day 41 00:01:52,560 --> 00:01:56,000 Speaker 2: like this, isn't it now? Psychosey, Remember we told you 42 00:01:56,040 --> 00:01:58,040 Speaker 2: a few weeks back that he had gone to prison 43 00:01:58,320 --> 00:02:00,640 Speaker 2: five years sentence. He's meant to be soon, and he's 44 00:02:00,640 --> 00:02:03,160 Speaker 2: got bodyguards in the cells next to him to protect 45 00:02:03,200 --> 00:02:07,240 Speaker 2: him because he's so precious. Apparently he's also only eating yogurt. 46 00:02:07,280 --> 00:02:09,680 Speaker 2: He's worried someone will spit in his food. Anyway, he's out. 47 00:02:10,120 --> 00:02:12,640 Speaker 2: He's out after just a few weeks. The Paris court 48 00:02:12,680 --> 00:02:16,120 Speaker 2: has let him go under supervision while he appeals. 49 00:02:16,240 --> 00:02:18,600 Speaker 7: What the judge used was a provision called the execution 50 00:02:18,800 --> 00:02:22,799 Speaker 7: provisois as it's known in France, and usually in most cases, 51 00:02:22,840 --> 00:02:26,400 Speaker 7: it's used when the accused is potentially a flight risk 52 00:02:27,200 --> 00:02:30,280 Speaker 7: or is at risk of reoffending, maybe even kind of 53 00:02:30,320 --> 00:02:33,400 Speaker 7: there are chances that they may mass with the investigation. 54 00:02:33,480 --> 00:02:36,560 Speaker 7: Now lawyers are arguing that none of these really apply 55 00:02:36,960 --> 00:02:38,600 Speaker 7: to Sarkozy. 56 00:02:40,200 --> 00:02:44,760 Speaker 1: Ryan Bridge on early edition with r V supersetor explore 57 00:02:44,880 --> 00:02:48,200 Speaker 1: r v's accessories and servicing all in one news talks. 58 00:02:48,200 --> 00:02:50,639 Speaker 2: It'd be nine after five Keen to hear your thoughts 59 00:02:50,639 --> 00:02:53,160 Speaker 2: on bank profits this morning? Nine nine two the number 60 00:02:53,160 --> 00:02:57,239 Speaker 2: to text very quickly on psarcozy because he with the cameras. 61 00:02:57,320 --> 00:03:01,600 Speaker 2: The French media have followed his car being driven from 62 00:03:01,639 --> 00:03:04,760 Speaker 2: the prison to his apartment in West Paris and it's 63 00:03:04,800 --> 00:03:06,960 Speaker 2: just been fascinating to watch that this morning. They've had 64 00:03:06,960 --> 00:03:10,080 Speaker 2: cameras in the sky on the ground tracking the zevery movement. 65 00:03:10,720 --> 00:03:12,440 Speaker 2: And the big question is whether he's going to have 66 00:03:12,480 --> 00:03:15,320 Speaker 2: to wear an ankle bracelet. You know it's a former president, 67 00:03:15,360 --> 00:03:18,600 Speaker 2: not a great look, but apparently he doesn't because of 68 00:03:18,680 --> 00:03:22,400 Speaker 2: the judicial supervision. That's what he's technically been released on 69 00:03:22,760 --> 00:03:27,600 Speaker 2: the appeals in March, so he's out. He can't leave France. 70 00:03:28,520 --> 00:03:31,200 Speaker 2: He can eat more than yogat now that he's out 71 00:03:31,240 --> 00:03:33,760 Speaker 2: of prison, but he doesn't have to wear an ankle bracelet, 72 00:03:33,880 --> 00:03:36,520 Speaker 2: so he's happy about that apparently this morning. Now with 73 00:03:36,600 --> 00:03:39,160 Speaker 2: the bank profits, I sort of feel like this story 74 00:03:39,240 --> 00:03:42,400 Speaker 2: is to choose your own adventure. There's no one answer 75 00:03:42,560 --> 00:03:46,520 Speaker 2: that's clear in crystal and everyone can understand and have 76 00:03:46,640 --> 00:03:50,680 Speaker 2: a very strong view on. It's quite a nuanced story. 77 00:03:50,920 --> 00:03:54,640 Speaker 2: I know, sounds boring. Here we go, so A and Z. 78 00:03:54,800 --> 00:03:59,240 Speaker 2: Obviously big bank seventy percent of their business as home loans. 79 00:03:59,280 --> 00:04:01,760 Speaker 2: They are the biggest home loan lender in the country, 80 00:04:01,800 --> 00:04:04,520 Speaker 2: so we care about them, right, And the number that 81 00:04:04,600 --> 00:04:07,960 Speaker 2: came out yesterday was a new record. It was a 82 00:04:08,000 --> 00:04:11,040 Speaker 2: profit jump four hundred and forty one million dollars or 83 00:04:11,040 --> 00:04:14,760 Speaker 2: twenty one percent to two point five billion. And you go, wow, gee, 84 00:04:14,800 --> 00:04:19,159 Speaker 2: that's a massive number. That's terrible. Let's take them to task. Now, 85 00:04:19,279 --> 00:04:23,240 Speaker 2: what are you comparing. It's a big business. You can't 86 00:04:23,279 --> 00:04:25,839 Speaker 2: just say a number like that and then go evil. 87 00:04:26,200 --> 00:04:29,400 Speaker 2: So you look at their margins and a lot of 88 00:04:29,400 --> 00:04:31,880 Speaker 2: people are focusing on the margins compared to Australia. So 89 00:04:32,800 --> 00:04:35,400 Speaker 2: if you look at their New Zealand business, two point 90 00:04:35,480 --> 00:04:40,000 Speaker 2: six percent is their interest margin. The A and Z 91 00:04:40,200 --> 00:04:44,040 Speaker 2: New Zealand net interest margin tops the one point eight 92 00:04:44,080 --> 00:04:47,599 Speaker 2: to three percent for A and z's Australian retail unit. 93 00:04:47,640 --> 00:04:50,560 Speaker 2: And you go, well, that's terrible. One point eight percent 94 00:04:50,640 --> 00:04:53,960 Speaker 2: margin over in Australia two point six percent in New Zealand. 95 00:04:54,760 --> 00:04:59,400 Speaker 2: What evil horrible people. And then you listen to them 96 00:04:59,400 --> 00:05:02,480 Speaker 2: a little bit more and they say, well, actually, you're 97 00:05:02,520 --> 00:05:04,719 Speaker 2: not comparing apples with apples here, so you need to 98 00:05:04,760 --> 00:05:11,520 Speaker 2: compare Australia's similar unit, which is retail business private business. Overall, 99 00:05:11,960 --> 00:05:15,320 Speaker 2: their net interest margin is twenty one basis points below 100 00:05:15,400 --> 00:05:20,480 Speaker 2: New Zealand's. So okay, well, how do you explain that gap? 101 00:05:20,600 --> 00:05:25,520 Speaker 2: They say, that's your capital requirement, so there is no difference. 102 00:05:25,800 --> 00:05:27,880 Speaker 2: They have to keep more capital here in New Zealand 103 00:05:27,880 --> 00:05:31,800 Speaker 2: and that costs something, right, So that what their argument is, 104 00:05:32,160 --> 00:05:35,600 Speaker 2: when you're comparing apples with apples, there is no difference 105 00:05:35,680 --> 00:05:39,240 Speaker 2: in the margin on the same product. And this is 106 00:05:39,279 --> 00:05:42,480 Speaker 2: where you get into trouble because you have one side 107 00:05:42,520 --> 00:05:45,720 Speaker 2: saying they're evil and they're an empire and they're ripping 108 00:05:45,839 --> 00:05:48,679 Speaker 2: us off. And then you have a sort of reasoned 109 00:05:48,800 --> 00:05:53,080 Speaker 2: argument and clear Matthews from Massive University, who I consider well, 110 00:05:53,120 --> 00:05:56,000 Speaker 2: she is a banking expert, but she's also impartial on 111 00:05:56,040 --> 00:05:59,159 Speaker 2: this stuff. She says, actually, you know, a good bank 112 00:05:59,279 --> 00:06:03,719 Speaker 2: is a profitable showing Bill Jacom on that just after 113 00:06:03,760 --> 00:06:07,080 Speaker 2: five twenty this morning. It's twelve after now Bryan Bridge 114 00:06:07,120 --> 00:06:09,039 Speaker 2: Talks said b Nicole McKee is going to make some 115 00:06:09,080 --> 00:06:13,279 Speaker 2: announcements today about firearms. Will hear what they're likely to 116 00:06:13,320 --> 00:06:14,160 Speaker 2: be next? 117 00:06:14,920 --> 00:06:17,520 Speaker 1: The first word on the News of the Day Early 118 00:06:17,640 --> 00:06:22,039 Speaker 1: edition with Bryan Bridge and r V Supercenter explore RV's 119 00:06:22,160 --> 00:06:23,520 Speaker 1: accessories and servicing. 120 00:06:23,600 --> 00:06:27,400 Speaker 2: More than one News talks ab i've fourteen. The markets 121 00:06:27,440 --> 00:06:29,600 Speaker 2: are liking the fact that the shutdown looks like it 122 00:06:29,640 --> 00:06:32,040 Speaker 2: could be coming to a close. We're not even quite 123 00:06:32,080 --> 00:06:35,200 Speaker 2: there yet, but the Senate, it's kind of slipped through 124 00:06:35,200 --> 00:06:37,840 Speaker 2: the Senate, it goes back to the House. Now s 125 00:06:37,920 --> 00:06:40,160 Speaker 2: and p up and a Nasdaq up one and one 126 00:06:40,240 --> 00:06:43,560 Speaker 2: point eight percent, respectively. Foots one hundred over in London. Well, 127 00:06:43,560 --> 00:06:45,560 Speaker 2: that is a whisker shy of hitting a new all 128 00:06:45,600 --> 00:06:49,760 Speaker 2: time records in early trading there that sorry, in trading 129 00:06:49,800 --> 00:06:53,040 Speaker 2: that was earlier this morning time, now I was quarter 130 00:06:53,040 --> 00:06:54,720 Speaker 2: past five. The other thing we're going to get out 131 00:06:54,720 --> 00:06:57,880 Speaker 2: of the shutdown, hopefully coming to an end, is a 132 00:06:57,960 --> 00:07:01,840 Speaker 2: flurry of economic data, which we love on this program. 133 00:07:02,000 --> 00:07:03,920 Speaker 2: So we're likely to get because all the bureaucrats will 134 00:07:03,960 --> 00:07:06,680 Speaker 2: be coming back and the statisticians will be coming back, 135 00:07:06,920 --> 00:07:09,600 Speaker 2: and so we'll actually have information that the markets can 136 00:07:09,840 --> 00:07:11,480 Speaker 2: chew through, and there'll be a lot of it in 137 00:07:11,520 --> 00:07:15,640 Speaker 2: the coming days. Quarter past five, Bread Red Shoveman today 138 00:07:15,680 --> 00:07:18,840 Speaker 2: here back home will announce plans what to do about 139 00:07:18,880 --> 00:07:20,920 Speaker 2: the guns. Nicole McKey is set to lay out her 140 00:07:21,040 --> 00:07:24,200 Speaker 2: rewriting of the Arms Act. But what changes do the 141 00:07:24,200 --> 00:07:27,240 Speaker 2: gun lobbyists hope come through for them. Hugh Devereux mack 142 00:07:27,360 --> 00:07:30,040 Speaker 2: is with US Counsel of Licensed Firearms on a spokespersonsh you, 143 00:07:30,200 --> 00:07:33,720 Speaker 2: good morning, Good morning, Ryan. You've just been at a conference. 144 00:07:33,880 --> 00:07:36,520 Speaker 2: Nicole McKee was speaking there. Did she give you any 145 00:07:36,560 --> 00:07:38,720 Speaker 2: clues about what they might be doing? 146 00:07:40,120 --> 00:07:42,800 Speaker 8: Yeah, they gave us to see a few sort of 147 00:07:42,840 --> 00:07:45,680 Speaker 8: heads up as to what license fims owners should expect 148 00:07:45,720 --> 00:07:48,080 Speaker 8: from the law. But I wouldn't want to steal aways 149 00:07:48,080 --> 00:07:50,240 Speaker 8: the Minister's sunder. I think later on today she may 150 00:07:50,240 --> 00:07:53,480 Speaker 8: be speaking, but I can tell you what we are 151 00:07:53,520 --> 00:07:56,320 Speaker 8: hoping to hear from. We don't have any details actually 152 00:07:56,320 --> 00:07:57,800 Speaker 8: as to what's in it yet, but I can tell 153 00:07:57,800 --> 00:07:59,680 Speaker 8: you what license firearms does, and it's a hoping for 154 00:07:59,720 --> 00:08:00,400 Speaker 8: it helps. 155 00:08:00,560 --> 00:08:04,080 Speaker 2: Yeah, let's start with the non criminal activities thing. What's 156 00:08:04,120 --> 00:08:04,560 Speaker 2: that about. 157 00:08:05,840 --> 00:08:08,160 Speaker 8: Yeah, so there's a couple of things that we'd like 158 00:08:08,160 --> 00:08:10,960 Speaker 8: to see involved in there. License firearms owners have been 159 00:08:11,000 --> 00:08:15,800 Speaker 8: losing firem's licensees for non criminal activities and so the 160 00:08:15,880 --> 00:08:18,679 Speaker 8: reason that comes about is because the current Act lacks 161 00:08:18,720 --> 00:08:23,559 Speaker 8: really clear definitions, including what constitutes a fit and proper person, 162 00:08:23,600 --> 00:08:26,680 Speaker 8: which is well what we're judged to be. That comes 163 00:08:26,760 --> 00:08:28,600 Speaker 8: from section twenty four A to two C of the 164 00:08:28,720 --> 00:08:31,000 Speaker 8: Arms Act, which says when a finning or giving a 165 00:08:31,000 --> 00:08:34,280 Speaker 8: firearms license, they have to consider it quote any other 166 00:08:34,400 --> 00:08:38,640 Speaker 8: relevant matters the member of police considers appropriate. Now that's 167 00:08:38,679 --> 00:08:41,680 Speaker 8: a vague catchel because it's been used for people who 168 00:08:41,720 --> 00:08:45,400 Speaker 8: have had maybe a negative experience with an X. We've 169 00:08:45,400 --> 00:08:48,160 Speaker 8: had people have them because of medical reasons that are 170 00:08:48,160 --> 00:08:51,160 Speaker 8: beyond their control. An individual had his license canceled because 171 00:08:51,160 --> 00:08:53,320 Speaker 8: he had cancer and then had a seizure. It has 172 00:08:53,360 --> 00:08:57,000 Speaker 8: nothing to do with his safety around firearms, but as 173 00:08:57,000 --> 00:08:58,840 Speaker 8: a result of that, he had his license taken off 174 00:08:58,880 --> 00:09:01,600 Speaker 8: them and his acts to hunting and putting food on 175 00:09:01,640 --> 00:09:05,480 Speaker 8: the table restricted. So a clear definition of what fit 176 00:09:05,520 --> 00:09:07,480 Speaker 8: and proper means with a clear checklist, so we all 177 00:09:07,520 --> 00:09:11,320 Speaker 8: know objectively what rules we have to live by. I 178 00:09:11,320 --> 00:09:13,600 Speaker 8: think is a really good and fundamental principle for the 179 00:09:13,600 --> 00:09:15,120 Speaker 8: New Arms Acts. So that would be one of. 180 00:09:15,040 --> 00:09:17,880 Speaker 2: Them, right, Okay, And so you're saying anything out that, 181 00:09:18,000 --> 00:09:20,440 Speaker 2: what about mental illness? I mean, if you've been if 182 00:09:20,480 --> 00:09:23,120 Speaker 2: you've had mental illness, should you be owning a gun? 183 00:09:24,240 --> 00:09:24,440 Speaker 6: Yeah? 184 00:09:24,480 --> 00:09:27,960 Speaker 8: So mental illness is a really really vague and wide term. 185 00:09:28,040 --> 00:09:28,199 Speaker 9: Right. 186 00:09:28,559 --> 00:09:32,040 Speaker 8: We've had people who lose their firem's license for showing anxiety. Now, 187 00:09:32,120 --> 00:09:34,000 Speaker 8: one of the best things you can do for curing 188 00:09:34,160 --> 00:09:36,480 Speaker 8: or helping with anxieties getting out into the wide world 189 00:09:37,559 --> 00:09:41,920 Speaker 8: and hunting with your friends safely, of course, but. 190 00:09:42,520 --> 00:09:43,800 Speaker 2: All nutbars having guns? 191 00:09:43,800 --> 00:09:44,000 Speaker 10: Do you? 192 00:09:44,080 --> 00:09:44,599 Speaker 2: I mean, how do you? 193 00:09:44,640 --> 00:09:45,360 Speaker 8: Absolutely so? 194 00:09:45,400 --> 00:09:46,120 Speaker 2: How do you stop that? 195 00:09:47,040 --> 00:09:49,000 Speaker 8: So the way you stop that is some great work 196 00:09:49,080 --> 00:09:52,400 Speaker 8: is being done with both the firem Safety Authority and 197 00:09:52,440 --> 00:09:55,360 Speaker 8: a group called Mental Hunts, which is helping men and 198 00:09:55,440 --> 00:09:58,920 Speaker 8: firearms owners get better access to mental health and finding 199 00:09:58,960 --> 00:10:02,000 Speaker 8: the way that they can have their license temporarily taken 200 00:10:02,040 --> 00:10:04,280 Speaker 8: off them while they get the help they need, and 201 00:10:04,320 --> 00:10:06,640 Speaker 8: once they're signed off by a psychologist, they can get 202 00:10:06,640 --> 00:10:12,079 Speaker 8: their license back again. That's currently how the system should work, right. Unfortunately, 203 00:10:12,120 --> 00:10:14,040 Speaker 8: sometimes it gets a little bit vague and a little 204 00:10:14,040 --> 00:10:16,320 Speaker 8: bit over the top, and we understand that need to 205 00:10:17,120 --> 00:10:19,679 Speaker 8: err on the side of caution, but the police are 206 00:10:19,679 --> 00:10:23,520 Speaker 8: not psychologists. Once a psychologist area has signed off and 207 00:10:23,559 --> 00:10:25,400 Speaker 8: said you are okay and no longer a danger to 208 00:10:25,440 --> 00:10:28,520 Speaker 8: yourself or others, then that's when the police should say, look, 209 00:10:28,760 --> 00:10:31,400 Speaker 8: the doctors and the professionals have said you can have it. 210 00:10:31,400 --> 00:10:33,160 Speaker 8: It's not our job to stand in your way. But 211 00:10:33,240 --> 00:10:35,320 Speaker 8: unfortunately at this point they are still doing that. 212 00:10:35,400 --> 00:10:37,280 Speaker 2: All right, you appreciate your time this morning. Hu deverro 213 00:10:37,440 --> 00:10:40,160 Speaker 2: Matt counts of licensed firearms and a spokesperson will hear 214 00:10:40,160 --> 00:10:43,040 Speaker 2: from the Cole mcke ladder today eighteen after five Ryan 215 00:10:43,160 --> 00:10:45,400 Speaker 2: Bred lying on the bank profits being up again. I 216 00:10:45,440 --> 00:10:48,320 Speaker 2: suspect the government actually is probably underneath it. All quite 217 00:10:48,360 --> 00:10:51,200 Speaker 2: glad about this, says Craig, because if a bank is 218 00:10:51,240 --> 00:10:53,760 Speaker 2: making more profits, then they are paying more tax and 219 00:10:53,800 --> 00:10:56,120 Speaker 2: taxes what they get. The other thing about A and 220 00:10:56,280 --> 00:11:00,160 Speaker 2: Z is there the other argument they're making is it's 221 00:11:00,240 --> 00:11:03,000 Speaker 2: not just like our profits have gone up out of nowhere. 222 00:11:03,040 --> 00:11:07,160 Speaker 2: We're getting squeezing more juice out of the existing lemon. 223 00:11:08,040 --> 00:11:11,920 Speaker 2: Their book has gone up. They are you know, it 224 00:11:11,920 --> 00:11:14,959 Speaker 2: would be the equivalent of a supermarket selling more stuff 225 00:11:15,080 --> 00:11:17,559 Speaker 2: and then making more money and you saying, well that's wrong. 226 00:11:18,120 --> 00:11:20,920 Speaker 2: I mean that's business. Nineteen after five. 227 00:11:21,960 --> 00:11:25,760 Speaker 1: Get ahead of the headlines on early edition with Brian 228 00:11:25,840 --> 00:11:30,040 Speaker 1: Bridge and are the supercenter explore r these accessories and 229 00:11:30,200 --> 00:11:32,880 Speaker 1: servicing all in one? News talk set me five twenty one. 230 00:11:32,920 --> 00:11:35,240 Speaker 2: Well look at Sparty Marti before six right now, though 231 00:11:35,240 --> 00:11:37,839 Speaker 2: it's a bank profit watch time. An Z's up twenty 232 00:11:37,840 --> 00:11:41,520 Speaker 2: percent two and a half billion last week, Westpac thirteen percent, 233 00:11:41,600 --> 00:11:44,880 Speaker 2: increased to one point one billion. Shimo Jakob is Simplicity 234 00:11:44,920 --> 00:11:48,120 Speaker 2: chief economist with us this morning. Shama, good morning, good one. 235 00:11:48,400 --> 00:11:50,960 Speaker 2: Are you buying the lines that are coming out of 236 00:11:50,960 --> 00:11:54,040 Speaker 2: Antonio Watson's mouth? Are you buying the lines from the banks, 237 00:11:54,120 --> 00:11:58,920 Speaker 2: the net interest margin is up well slightly, but when 238 00:11:58,960 --> 00:12:02,400 Speaker 2: you compare Apple with Apples with Australia or their Australia business, 239 00:12:02,480 --> 00:12:07,440 Speaker 2: actually the difference is explained by capital requirements here. 240 00:12:08,520 --> 00:12:11,800 Speaker 10: Not really, because that net interest margin has been higher 241 00:12:11,840 --> 00:12:14,960 Speaker 10: than Australia for a very long time. And the reason 242 00:12:14,960 --> 00:12:17,600 Speaker 10: why that's high is because they pairs less on own 243 00:12:17,640 --> 00:12:20,319 Speaker 10: deposits and charges more on our mortgages. 244 00:12:20,920 --> 00:12:24,679 Speaker 2: If you look through the results for A and Z, 245 00:12:25,800 --> 00:12:28,520 Speaker 2: their cash profits up by four percent, which is the 246 00:12:28,520 --> 00:12:33,680 Speaker 2: same amount they've grown their balance sheet by. 247 00:12:32,000 --> 00:12:34,520 Speaker 10: Exactly, so it's very much a story, but their net 248 00:12:34,520 --> 00:12:37,720 Speaker 10: interest margins being pretty much the same. A small increase, 249 00:12:37,840 --> 00:12:41,280 Speaker 10: but it's really been that modest growth in lending and 250 00:12:41,320 --> 00:12:46,880 Speaker 10: deposits that's driving their profits. Is that aband thing, Well, 251 00:12:46,960 --> 00:12:49,640 Speaker 10: the bad thing is how much they charge us. So 252 00:12:50,240 --> 00:12:53,240 Speaker 10: we want our banks to be profitable and safe, but 253 00:12:53,480 --> 00:12:55,800 Speaker 10: not the charge is an unreasonable amount. That was the 254 00:12:55,840 --> 00:13:00,320 Speaker 10: reason why we have the the hearing that the club 255 00:13:00,320 --> 00:13:02,679 Speaker 10: with the statu That's why the Commerce Commission was meant 256 00:13:02,720 --> 00:13:05,000 Speaker 10: to look at it. We need to get serious about 257 00:13:05,040 --> 00:13:07,840 Speaker 10: banking competition in New Zealand. The problem for us is 258 00:13:07,840 --> 00:13:12,199 Speaker 10: that we have a banking sector that's extraordinarily safe, extraordinarily profitable, 259 00:13:12,640 --> 00:13:16,319 Speaker 10: not particularly innovative, and we don't get products and services. 260 00:13:16,640 --> 00:13:18,680 Speaker 10: Why are we paying so much for so little? 261 00:13:19,360 --> 00:13:21,720 Speaker 2: How much more are we paying than the rest of 262 00:13:21,760 --> 00:13:22,400 Speaker 2: the world. 263 00:13:23,240 --> 00:13:25,480 Speaker 10: Much higher and so, as you know, when the Commerce 264 00:13:25,480 --> 00:13:27,920 Speaker 10: Commission did that work, there was quite a lot of 265 00:13:28,000 --> 00:13:32,400 Speaker 10: argument around those metrics. But the reality is that the 266 00:13:32,440 --> 00:13:35,319 Speaker 10: New Zealand banking sector is one of the most profitable 267 00:13:35,480 --> 00:13:38,160 Speaker 10: in the ovciting and it is not one of the 268 00:13:38,200 --> 00:13:41,280 Speaker 10: most innovative. And the reality is that if we want 269 00:13:41,360 --> 00:13:43,640 Speaker 10: to if you are to pay higher prices, we should 270 00:13:43,679 --> 00:13:45,839 Speaker 10: get something in return for it, and we are not. 271 00:13:46,080 --> 00:13:49,040 Speaker 10: So we need to get serious about having much sharper 272 00:13:49,080 --> 00:13:51,600 Speaker 10: teeth at the next inquiry of the banking sector. The 273 00:13:51,600 --> 00:13:52,920 Speaker 10: current one is not doing enough. 274 00:13:52,960 --> 00:13:56,000 Speaker 2: Everyone goes on about competition. We've got twenty seven registered 275 00:13:56,040 --> 00:13:59,440 Speaker 2: banks in New Zealand. How many would make good competition. 276 00:14:00,320 --> 00:14:03,000 Speaker 10: Well, it's not the apples for apples, because when you 277 00:14:03,040 --> 00:14:06,800 Speaker 10: look at building societies and others, those banks are regulated 278 00:14:06,880 --> 00:14:09,440 Speaker 10: very differently. They have very small bound sheets and they're 279 00:14:09,480 --> 00:14:13,400 Speaker 10: not particularly well performing. So we do need to have 280 00:14:13,520 --> 00:14:16,520 Speaker 10: the kinds of fintech tech companies that are being real 281 00:14:16,679 --> 00:14:20,160 Speaker 10: challenges in Europe in particular. I think that's the kind 282 00:14:20,200 --> 00:14:22,440 Speaker 10: of competition we need to see in quite a big way. 283 00:14:22,440 --> 00:14:24,800 Speaker 10: In New Zealand. We've got the beginnings of that with 284 00:14:24,920 --> 00:14:28,040 Speaker 10: things like open banking. That's only the beginning and we 285 00:14:28,120 --> 00:14:30,960 Speaker 10: need to really push ahead on that because clearly New 286 00:14:31,040 --> 00:14:34,120 Speaker 10: Zealand is a sector where financial services can do very well. 287 00:14:34,440 --> 00:14:37,720 Speaker 10: Why should not New Zealanders also receive good products and 288 00:14:37,760 --> 00:14:38,760 Speaker 10: services at the same time. 289 00:14:38,920 --> 00:14:42,160 Speaker 2: UMU always interesting, appreciate your time and Jakobs simplicity Chief 290 00:14:42,200 --> 00:14:44,240 Speaker 2: Economists time is twenty four minutes half five year. On 291 00:14:44,320 --> 00:14:46,680 Speaker 2: News TALKSB, I need to take you to Peel Peel next. 292 00:14:47,240 --> 00:14:50,160 Speaker 2: I know it's a small place, something very important is 293 00:14:50,240 --> 00:14:53,040 Speaker 2: going down there. News Talk SEB the early. 294 00:14:53,040 --> 00:14:57,080 Speaker 1: Edition full the Show podcast on iHeartRadio powered by News. 295 00:14:57,000 --> 00:14:57,520 Speaker 5: Talks AB. 296 00:15:00,120 --> 00:15:02,720 Speaker 2: Twenty seven after five yews Talk ZIB. A few years ago, 297 00:15:02,800 --> 00:15:05,480 Speaker 2: we had a bunch of stories about Santa parades getting 298 00:15:05,640 --> 00:15:08,600 Speaker 2: canceled because of red tape and traffic management, all sorts 299 00:15:08,600 --> 00:15:11,560 Speaker 2: of horrible stuff. NZTA was the Grinch that stole Christmas? 300 00:15:11,600 --> 00:15:14,560 Speaker 2: Do you remember this? Guess what? Two years on, despite 301 00:15:14,560 --> 00:15:18,760 Speaker 2: a change of government, despite a Minister and Ministry of Regulation. 302 00:15:19,040 --> 00:15:22,040 Speaker 2: Despite the road cone tip line, the Grinch is back. 303 00:15:22,680 --> 00:15:24,320 Speaker 2: This is one of those stories. It's kind of like 304 00:15:24,440 --> 00:15:26,480 Speaker 2: the working from home in the public service, you know, 305 00:15:26,560 --> 00:15:29,560 Speaker 2: one of these stories where the government's almost powerless and 306 00:15:29,640 --> 00:15:33,840 Speaker 2: the bureaucrats win. This time, it's Peel Pure population around 307 00:15:33,880 --> 00:15:37,960 Speaker 2: five hundred. It's rural State Highway three, North Island. They 308 00:15:38,040 --> 00:15:40,440 Speaker 2: want to close the road on the main drag, which 309 00:15:40,520 --> 00:15:44,080 Speaker 2: is their usual route. They want to close this road 310 00:15:44,120 --> 00:15:46,640 Speaker 2: from five point thirty pm to eight pm, two and 311 00:15:46,680 --> 00:15:49,440 Speaker 2: a half hours for you know, kids get to see 312 00:15:49,480 --> 00:15:53,160 Speaker 2: the Santa Sleigh riding through town. Lollies presumably would be 313 00:15:53,240 --> 00:15:56,440 Speaker 2: thrown from the floats, or do they still do that 314 00:15:56,880 --> 00:15:58,840 Speaker 2: if you had a child and you arrest are don't know. 315 00:15:59,480 --> 00:16:01,720 Speaker 2: I agree, but you get the idea. We've all been 316 00:16:01,760 --> 00:16:04,840 Speaker 2: to one. They're great fun. Guess how much it was 317 00:16:04,960 --> 00:16:08,240 Speaker 2: going to cost them because of the Grinch's traffic rules 318 00:16:08,320 --> 00:16:10,560 Speaker 2: and the resulting bill for traffic management costs. It would 319 00:16:10,560 --> 00:16:13,400 Speaker 2: normally put them back about one thousand dollars this year, 320 00:16:14,680 --> 00:16:19,880 Speaker 2: wait for it, between ten and fourteen thousand dollars for 321 00:16:20,000 --> 00:16:23,960 Speaker 2: two and a half hours. Now you might balk at 322 00:16:24,000 --> 00:16:26,680 Speaker 2: that and I did. If you're organizing a Sanda parad 323 00:16:26,760 --> 00:16:29,000 Speaker 2: or an Anzac parade or a community event, don't worry. 324 00:16:29,120 --> 00:16:32,000 Speaker 2: The NZTA website has a helpful guide for you. It's 325 00:16:32,080 --> 00:16:35,760 Speaker 2: New Zealand's Guide to Temporary Traffic Management. It's eighty eight 326 00:16:35,880 --> 00:16:39,760 Speaker 2: pages long. I read it last night. Well, no, I didn't. 327 00:16:40,080 --> 00:16:41,880 Speaker 2: I read the first page and I thought, this is 328 00:16:41,920 --> 00:16:44,800 Speaker 2: absolute nonsense. The only thing you need to read is 329 00:16:45,000 --> 00:16:48,920 Speaker 2: the first sentence of the foreword. Yes there's a fore word. Wakakotahi. 330 00:16:49,040 --> 00:16:51,840 Speaker 2: New Zealand Transport Agency is committed to Road to zero, 331 00:16:52,480 --> 00:16:54,680 Speaker 2: a safe for altro in New Zealand where no one 332 00:16:54,840 --> 00:16:57,560 Speaker 2: is killed or injured on our roads. I hate to 333 00:16:57,600 --> 00:16:59,840 Speaker 2: be the bearer of bad news, but this is an 334 00:17:00,040 --> 00:17:03,080 Speaker 2: absolute pipe dream of the goal and will never happen. 335 00:17:03,840 --> 00:17:06,760 Speaker 2: Aiming for the outcome is mad. What you get as 336 00:17:06,800 --> 00:17:09,639 Speaker 2: a result is eighty eight pages of BS and a 337 00:17:09,720 --> 00:17:12,120 Speaker 2: fourteen thousand dollar bill to get Santa on a sleigh 338 00:17:12,160 --> 00:17:16,720 Speaker 2: for two hours. It's madness, and it continues. The organizers 339 00:17:16,760 --> 00:17:19,240 Speaker 2: don't worry. They say they have a Christmas meet and greet, 340 00:17:19,880 --> 00:17:23,280 Speaker 2: but no actual parade. Christmas is the season to be jolly. 341 00:17:23,800 --> 00:17:27,920 Speaker 2: It is the season forgiving and NZTA is giving grinch 342 00:17:28,080 --> 00:17:31,240 Speaker 2: vibes and bad attitude in my view. Twenty nine after 343 00:17:31,320 --> 00:17:34,840 Speaker 2: five Newstalk z MB, it's a party Mardi before six 344 00:17:40,680 --> 00:17:42,080 Speaker 2: to be bargain. 345 00:17:43,760 --> 00:17:47,920 Speaker 1: On your radio and online on iHeartRadio early edition with 346 00:17:48,200 --> 00:17:52,879 Speaker 1: Ryan Bridge and are the Supercenter explore these accessories and 347 00:17:53,040 --> 00:17:59,800 Speaker 1: servicing all in one news talk, said bond. 348 00:18:00,119 --> 00:18:02,000 Speaker 2: Away from the sexer on news to it Zibe coming 349 00:18:02,080 --> 00:18:05,120 Speaker 2: up the four six ewer reaction to the Tapati maldis 350 00:18:05,119 --> 00:18:08,000 Speaker 2: split and we'll here to Australia where this Nazi protest 351 00:18:08,160 --> 00:18:10,399 Speaker 2: is well. I mean it was narali to begin with. 352 00:18:10,480 --> 00:18:13,280 Speaker 2: It's a Nazi protest, but it's getting more nari by 353 00:18:13,320 --> 00:18:15,200 Speaker 2: the day. Hey, lots of your texts coming in this 354 00:18:15,320 --> 00:18:21,199 Speaker 2: morning on pulpiol and INZTA right because there now it's 355 00:18:21,320 --> 00:18:25,520 Speaker 2: not the NZTA that's charging the Santa Parade ten to 356 00:18:25,640 --> 00:18:28,840 Speaker 2: fourteen thousand dollars to traffic management, meaning the parade can 357 00:18:28,920 --> 00:18:32,440 Speaker 2: no longer go ahead. It's ZTA saying this is what 358 00:18:32,640 --> 00:18:34,920 Speaker 2: needs you know, these are the rules, and then the 359 00:18:35,000 --> 00:18:37,720 Speaker 2: traffic management company that you hire, this is how much 360 00:18:37,760 --> 00:18:41,080 Speaker 2: it costs implement them to keep everybody safe and to 361 00:18:41,160 --> 00:18:45,880 Speaker 2: take a risk based approach, whatever that is. But many 362 00:18:45,960 --> 00:18:49,040 Speaker 2: of you have got better ideas. Frankly, Ryan Inzta and 363 00:18:49,080 --> 00:18:52,080 Speaker 2: pure Piole. This is why the country's broke bureaucrat's adding 364 00:18:52,160 --> 00:18:55,440 Speaker 2: no value in writing ad eight page documents, says Nancy, Yeah, Nancy. 365 00:18:55,520 --> 00:18:58,000 Speaker 2: The other thing is Rotor zero was meant to be 366 00:18:58,600 --> 00:19:01,800 Speaker 2: canceled after the LAS government left office, So why is 367 00:19:01,840 --> 00:19:05,080 Speaker 2: this document even online? Anyway, here is the good stuff. 368 00:19:05,720 --> 00:19:08,600 Speaker 2: Ryan Wypoo's bill for the Santa parade two years ago 369 00:19:08,760 --> 00:19:11,800 Speaker 2: was going to be five grand, So the locals suggested, 370 00:19:11,880 --> 00:19:14,000 Speaker 2: maybe we put a tractor at each end of the 371 00:19:14,080 --> 00:19:17,480 Speaker 2: center of the town center. Great idea, Another says Ryan. 372 00:19:17,640 --> 00:19:23,159 Speaker 2: Does nz TA charge protesters these prices? No, So what 373 00:19:23,320 --> 00:19:26,800 Speaker 2: another Texter has suggested is don't call it a Christmas parade, 374 00:19:26,880 --> 00:19:30,200 Speaker 2: call it a Christmas protest. You get yourself a free 375 00:19:30,280 --> 00:19:31,159 Speaker 2: police escort. 376 00:19:33,320 --> 00:19:34,360 Speaker 1: Ryan Bridge, twenty. 377 00:19:34,200 --> 00:19:37,640 Speaker 2: Two minutes away from Sex News Talk SEB. Now let's 378 00:19:37,640 --> 00:19:39,320 Speaker 2: go to our reporters around the country, and we start 379 00:19:39,320 --> 00:19:42,280 Speaker 2: with Cullum. Cullum, good morning, Hey, right, and good to 380 00:19:42,320 --> 00:19:43,280 Speaker 2: have you on the show this morning. 381 00:19:43,359 --> 00:19:46,879 Speaker 11: What are we talking about, Well, an ancient fossil has 382 00:19:46,920 --> 00:19:49,720 Speaker 11: been named in honor of a renowned paleontologist here from 383 00:19:49,760 --> 00:19:50,840 Speaker 11: Otaga University. 384 00:19:51,480 --> 00:19:52,359 Speaker 2: So this is a big honor. 385 00:19:52,400 --> 00:19:55,600 Speaker 11: The fifty million year old bill fish fossils been named 386 00:19:55,640 --> 00:19:58,760 Speaker 11: after the late Professor u and Fordyce here ford Ice 387 00:19:58,880 --> 00:20:02,440 Speaker 11: was a vertebrate paleon hologistic inspired generations of young researchers 388 00:20:03,280 --> 00:20:07,800 Speaker 11: in his forty year long career at Otago's Department of Geology. 389 00:20:08,440 --> 00:20:10,800 Speaker 11: The fossil was one of two billfish skulls found here 390 00:20:10,840 --> 00:20:13,440 Speaker 11: in Otago. This is a large predatory fish similar to 391 00:20:13,560 --> 00:20:16,959 Speaker 11: a swordfish. Doctor Seborne Rust has told us that Professor 392 00:20:17,040 --> 00:20:19,240 Speaker 11: Fordyce brought the subject to life and he was a 393 00:20:19,280 --> 00:20:21,720 Speaker 11: guiding mentor for many budding palaeontologists. 394 00:20:21,880 --> 00:20:23,480 Speaker 2: Very cool. How's your weather comem. 395 00:20:24,040 --> 00:20:26,280 Speaker 11: Cloudy periods, showers early in the staff to earn the 396 00:20:26,359 --> 00:20:26,959 Speaker 11: high eighteen. 397 00:20:27,320 --> 00:20:29,760 Speaker 2: Thank you Claire's and christ Church this morning. Morning, Claire, 398 00:20:30,040 --> 00:20:31,960 Speaker 2: good morning. Now I'll get to the weather because it's 399 00:20:32,040 --> 00:20:34,560 Speaker 2: racing day to day. But first the housing growth in 400 00:20:34,600 --> 00:20:36,160 Speaker 2: christ Church. We've got a government plan. 401 00:20:36,920 --> 00:20:39,200 Speaker 12: Yeah, well a government update. This feels like the story 402 00:20:39,240 --> 00:20:41,880 Speaker 12: that's just gone on and on and on the government 403 00:20:41,920 --> 00:20:45,600 Speaker 12: wanting to put some housing intensification rules around christ Church 404 00:20:45,800 --> 00:20:48,680 Speaker 12: as well as elsewhere in the country. But christ Church 405 00:20:48,720 --> 00:20:50,800 Speaker 12: has been very much against this from the get go. 406 00:20:51,240 --> 00:20:54,159 Speaker 12: The bid from city Council to opt out of this 407 00:20:54,359 --> 00:20:58,600 Speaker 12: city wide intensification has now been accepted, effectively sparing us 408 00:20:58,680 --> 00:21:02,760 Speaker 12: from the entire area of christ Church being intensified. RMA 409 00:21:02,880 --> 00:21:06,440 Speaker 12: Reform Minister Chris Bishops accepted it, saying that instead it 410 00:21:06,440 --> 00:21:09,280 Speaker 12: will be limited to certain areas that includes the city center, 411 00:21:09,400 --> 00:21:12,600 Speaker 12: but also some of our key suburbs like Church Corner, Rickitton, 412 00:21:12,680 --> 00:21:17,440 Speaker 12: Hornby Lynnwood, Shirley, Merivale, Edgeware and Papa Neui. It will 413 00:21:17,480 --> 00:21:20,280 Speaker 12: mean overall around a quarter of the city is subject 414 00:21:20,400 --> 00:21:23,720 Speaker 12: to this higher density. Mayor Phil Major says he's over 415 00:21:23,800 --> 00:21:25,960 Speaker 12: the moon and it does mean that christ Church Is 416 00:21:26,119 --> 00:21:27,520 Speaker 12: momentum can continue. 417 00:21:27,720 --> 00:21:30,159 Speaker 2: And weather today well it's meant to be. 418 00:21:30,200 --> 00:21:32,639 Speaker 12: Mainly fine eventually, but for now it's raining and very 419 00:21:32,760 --> 00:21:35,840 Speaker 12: windy out there. We will also get some cloud increasing 420 00:21:35,920 --> 00:21:40,280 Speaker 12: link this afternoon southwesterly strong turning northeasterly the high. 421 00:21:40,280 --> 00:21:43,720 Speaker 2: Nineteen after the Lindau breakfast. Will anyone really notice clear? 422 00:21:43,800 --> 00:21:47,000 Speaker 2: Thank you Max and Wellington, Max, good morning, good morning. 423 00:21:47,320 --> 00:21:51,520 Speaker 2: Now I see the words Tory, Infarno and shindig and 424 00:21:52,119 --> 00:21:56,400 Speaker 2: hang on and Bill, you must be excited, hurt yourselves done. 425 00:21:57,520 --> 00:21:59,880 Speaker 13: She may be gone that she keeps on giving you. Recall, 426 00:22:00,040 --> 00:22:02,800 Speaker 13: of course, the official portrait of the former mayor that, 427 00:22:02,920 --> 00:22:05,439 Speaker 13: of course, didn't need to be painted, the more than 428 00:22:05,480 --> 00:22:08,800 Speaker 13: seven thousand dollar painting that defied a council directive that 429 00:22:09,240 --> 00:22:10,919 Speaker 13: official mayal portrait should. 430 00:22:10,640 --> 00:22:12,679 Speaker 2: Instead be the cheaper option of photography. 431 00:22:13,480 --> 00:22:15,919 Speaker 13: While the post revealing this morning that not only did 432 00:22:16,000 --> 00:22:18,800 Speaker 13: that happen, but Tory Fano's office then also spent more 433 00:22:18,800 --> 00:22:21,480 Speaker 13: than one thousand dollars on food and alcohol for a 434 00:22:21,560 --> 00:22:25,440 Speaker 13: private unveiling to friends and family. You're talking gourmet cannape's, 435 00:22:25,600 --> 00:22:28,960 Speaker 13: bite sized potato and corned beef gallettes, three hundred bucks 436 00:22:29,000 --> 00:22:31,400 Speaker 13: for beer and wine. Clearly, at this point, Miss Faro 437 00:22:31,520 --> 00:22:34,320 Speaker 13: was already one fed out. The door also released internal 438 00:22:34,400 --> 00:22:37,399 Speaker 13: emails that show Faro pushed very hard for a portrait 439 00:22:37,520 --> 00:22:41,159 Speaker 13: to be done and personally selected the artist. Subsequently, senior 440 00:22:41,200 --> 00:22:44,480 Speaker 13: council officials then went into scramble mode to discover why 441 00:22:44,760 --> 00:22:48,640 Speaker 13: the photography directive was ignored concern of a media fallout, 442 00:22:48,960 --> 00:22:51,760 Speaker 13: an insight of course, into how pr hacks determined what 443 00:22:51,800 --> 00:22:55,000 Speaker 13: the official line of messaging should be and they settled 444 00:22:55,080 --> 00:22:59,200 Speaker 13: upon it was a quote misunderstanding by Kaimahi. Or Stuff 445 00:23:00,040 --> 00:23:02,639 Speaker 13: would later tell media herself that she only felt it 446 00:23:02,720 --> 00:23:04,440 Speaker 13: important to support a local artist. 447 00:23:06,160 --> 00:23:09,320 Speaker 2: I feel sick, Max, I feel sick. So the thousand 448 00:23:09,359 --> 00:23:12,119 Speaker 2: dollars of food and alcohol, this was a private unveiling 449 00:23:12,359 --> 00:23:15,200 Speaker 2: that just direct No, okay, So no one from the 450 00:23:15,280 --> 00:23:18,040 Speaker 2: council was there, No other council is just her friends 451 00:23:18,080 --> 00:23:18,480 Speaker 2: and family. 452 00:23:18,920 --> 00:23:20,960 Speaker 13: It seemed it remained a secret up until that point. 453 00:23:21,040 --> 00:23:23,119 Speaker 2: Yeah, God, all right, how's your weather. 454 00:23:23,680 --> 00:23:26,760 Speaker 13: Cloudy with some morning showers? Seventeen the Hey, thanks. 455 00:23:26,600 --> 00:23:29,880 Speaker 2: Max and Neiva's an orcand morning needs good morning Now. 456 00:23:30,040 --> 00:23:32,320 Speaker 2: Auckland Council cracking down on fly tipping. 457 00:23:32,480 --> 00:23:33,480 Speaker 1: That was right. 458 00:23:33,600 --> 00:23:36,720 Speaker 14: Look, what's happened is that this data, fresh data shows 459 00:23:37,000 --> 00:23:40,280 Speaker 14: more than two thousand tons of waste is illegally dubbed 460 00:23:40,359 --> 00:23:43,000 Speaker 14: every year and that figure is on the rise. So 461 00:23:43,359 --> 00:23:46,080 Speaker 14: in the past financial year the council gave out almost 462 00:23:46,080 --> 00:23:48,280 Speaker 14: six hundred fines that's up to four hundred dollars each, 463 00:23:48,680 --> 00:23:51,480 Speaker 14: So that's nearly double the amount issued the year before. 464 00:23:51,920 --> 00:23:53,960 Speaker 14: And the Auckland Council is saying that much of that 465 00:23:54,200 --> 00:23:57,520 Speaker 14: household rubbish we find dumped could have gone into recycling 466 00:23:57,640 --> 00:24:00,080 Speaker 14: or food script bins if it had been sorted. But 467 00:24:00,160 --> 00:24:01,880 Speaker 14: that's the problem, isn't it. People don't want to sort 468 00:24:01,920 --> 00:24:02,680 Speaker 14: those kinds of things out. 469 00:24:03,160 --> 00:24:05,840 Speaker 2: People nobody got time for that. How's our weather? 470 00:24:05,920 --> 00:24:09,000 Speaker 14: Neiva, Okay, cloudy, few shells, but it's going to be fine, 471 00:24:09,119 --> 00:24:11,440 Speaker 14: clearing to fine weather this afternoon. Twenty one is high 472 00:24:11,440 --> 00:24:12,479 Speaker 14: here in Auckland, brilliant. 473 00:24:12,520 --> 00:24:15,240 Speaker 2: Thank you have a great morning. It's eighteen minutes away 474 00:24:15,240 --> 00:24:18,040 Speaker 2: from six. You're on News Talks Hebb. John Laws is 475 00:24:18,119 --> 00:24:20,880 Speaker 2: a radio host, not Michael Laws, who is a radio 476 00:24:20,960 --> 00:24:23,600 Speaker 2: host here, but John Laws, a radio host of some 477 00:24:23,920 --> 00:24:27,920 Speaker 2: seventy years standing in Australia. You might recognize his voice 478 00:24:27,960 --> 00:24:30,560 Speaker 2: if you've spent any time across the Tasman listening to 479 00:24:30,640 --> 00:24:34,960 Speaker 2: talk back. Hello Wild, this is John Lowlands. Hello Wild, 480 00:24:35,000 --> 00:24:37,360 Speaker 2: this is John Lock. Hello, Well, this is John Long. 481 00:24:37,480 --> 00:24:40,600 Speaker 2: He's passed away. Leslie Yeomans is our Australia correspondent. She's 482 00:24:40,600 --> 00:24:43,200 Speaker 2: with us live next News talksb It is quartered to 483 00:24:43,280 --> 00:24:46,920 Speaker 2: six very quickly. One billion dollars. That's how much Trump 484 00:24:47,080 --> 00:24:50,600 Speaker 2: is wanting in damages from the BBC for their documentary 485 00:24:50,640 --> 00:24:53,240 Speaker 2: and to be fair, the Panorama documentary that all of 486 00:24:53,280 --> 00:24:56,200 Speaker 2: this kicked, all of this off, came out just before 487 00:24:56,320 --> 00:24:59,760 Speaker 2: the election. It was designed to well, not influence, but 488 00:25:00,119 --> 00:25:02,679 Speaker 2: paint a picture of him before the election, and they 489 00:25:02,760 --> 00:25:06,359 Speaker 2: didn't identify the jump cuts in the story. So anyway, 490 00:25:06,840 --> 00:25:08,760 Speaker 2: he's now saying he wants a billion dollars from them. 491 00:25:08,760 --> 00:25:11,600 Speaker 2: It's fourteen minute. This will continue, It'll be the gift 492 00:25:11,640 --> 00:25:14,119 Speaker 2: that keeps on giving, much like Torrifino and Max fourteen 493 00:25:14,160 --> 00:25:14,720 Speaker 2: away from. 494 00:25:14,640 --> 00:25:19,040 Speaker 1: Six International correspondence with ends and eye insurance, peace of 495 00:25:19,119 --> 00:25:20,439 Speaker 1: mind for New Zealand business. 496 00:25:23,080 --> 00:25:27,120 Speaker 2: Leslie Yeomens is our Australia correspondent. Leslie, Good morning morning Ryan. 497 00:25:27,240 --> 00:25:30,240 Speaker 2: Now what's going on? So we had this big protest, 498 00:25:30,280 --> 00:25:32,600 Speaker 2: the neo Nazi rally outside of the New South Wales 499 00:25:32,680 --> 00:25:35,760 Speaker 2: Parliament at the weekend and now two female MPs have 500 00:25:36,160 --> 00:25:38,359 Speaker 2: referred threats that they've received at police. 501 00:25:39,400 --> 00:25:43,840 Speaker 4: Yes, they were death threats and threats of rape and 502 00:25:44,680 --> 00:25:49,280 Speaker 4: other horrible things against them. The two MPs are a 503 00:25:49,359 --> 00:25:52,480 Speaker 4: Legraspender who is a federal MP, and Kelly Sloan, the 504 00:25:52,560 --> 00:25:58,399 Speaker 4: State MP. Both MPs representing people in Sydney and around Sydney. 505 00:25:58,880 --> 00:26:02,080 Speaker 4: Now at the weekend and they were about just under 506 00:26:02,119 --> 00:26:07,600 Speaker 4: one hundred people who neo Nats had a Neo Nazi 507 00:26:08,359 --> 00:26:12,040 Speaker 4: rally outside the State Parliament and they were members of 508 00:26:12,080 --> 00:26:17,320 Speaker 4: the National Socialist Network. Then on Sunday, after miss Bender 509 00:26:17,400 --> 00:26:22,000 Speaker 4: and Sloan had spoken out about this rally, they ended 510 00:26:22,080 --> 00:26:26,000 Speaker 4: up getting all these terrible threats against them. Now they've 511 00:26:26,200 --> 00:26:28,919 Speaker 4: referred those threats to the police and even the new 512 00:26:29,080 --> 00:26:33,160 Speaker 4: New South Wales Police Commissioner Lanyon, he's actually looking into 513 00:26:33,320 --> 00:26:36,520 Speaker 4: why the protest was given the green light by by 514 00:26:36,600 --> 00:26:37,679 Speaker 4: senior police command. 515 00:26:37,920 --> 00:26:40,320 Speaker 2: It seemed to be odd, what's the why would they 516 00:26:40,480 --> 00:26:42,520 Speaker 2: targeted for by the group. 517 00:26:42,359 --> 00:26:46,719 Speaker 4: Demino because they were the most prominent speaking out about 518 00:26:46,800 --> 00:26:52,560 Speaker 4: it and also criticizing police about allowing and the state 519 00:26:52,640 --> 00:26:55,800 Speaker 4: government for allowing this to go ahead. The state government 520 00:26:55,840 --> 00:26:58,600 Speaker 4: had said that the police had said rather that there 521 00:26:58,760 --> 00:27:02,640 Speaker 4: was no threat to the to the public, so that's 522 00:27:02,720 --> 00:27:04,919 Speaker 4: one of the reasons why it was allowed to go ahead. 523 00:27:05,080 --> 00:27:08,920 Speaker 4: But then they've come out and said that they've had 524 00:27:08,960 --> 00:27:11,399 Speaker 4: all these threats on social media and they need to 525 00:27:11,440 --> 00:27:12,040 Speaker 4: be looked into. 526 00:27:12,320 --> 00:27:15,320 Speaker 2: Now John Laws, some might know him, is the man 527 00:27:15,400 --> 00:27:18,080 Speaker 2: with the Golden tonsils has died at the age of ninety. 528 00:27:19,440 --> 00:27:23,639 Speaker 4: Yes, the Golden Tonsils and the golden microphone. He was 529 00:27:23,800 --> 00:27:29,720 Speaker 4: ninety died. Died at the weekend, seven decades a career. 530 00:27:29,800 --> 00:27:32,760 Speaker 4: He started his career back in nineteen fifty three in 531 00:27:32,920 --> 00:27:37,879 Speaker 4: Bendigo in Country Victoria and just became this powerhouse in 532 00:27:37,920 --> 00:27:39,120 Speaker 4: the broadcasting industry. 533 00:27:39,160 --> 00:27:39,320 Speaker 6: Here. 534 00:27:39,920 --> 00:27:42,479 Speaker 4: Yes, a state funeral has been offered by the New 535 00:27:42,520 --> 00:27:45,280 Speaker 4: South Wales Premier Chris Men's. He said he hasn't had 536 00:27:46,280 --> 00:27:48,720 Speaker 4: an opportunity to actually speak to the family yet to 537 00:27:48,800 --> 00:27:51,480 Speaker 4: see what their plans are, but that's what's been offered 538 00:27:51,520 --> 00:27:52,800 Speaker 4: by the New South Wales government. 539 00:27:53,160 --> 00:27:56,240 Speaker 2: Appreciate your time. That is Leslie Yeomans with US Australia correspondent. 540 00:27:56,280 --> 00:28:00,880 Speaker 2: Twelve minutes away from six. He lived straw Laws did 541 00:28:01,000 --> 00:28:04,639 Speaker 2: to Russell Crowe for twenty years and because he had 542 00:28:04,680 --> 00:28:06,879 Speaker 2: a farm in rural New South Wales, lived next door 543 00:28:06,880 --> 00:28:08,960 Speaker 2: to Russell crow. Russell Crowe said he worked hard, played 544 00:28:09,000 --> 00:28:11,960 Speaker 2: harder and loved completely. A legend in the very best 545 00:28:12,080 --> 00:28:14,760 Speaker 2: most Australian sense of the word. I loved him and 546 00:28:14,880 --> 00:28:17,640 Speaker 2: I'll never forget him. It is now eleven minutes away 547 00:28:17,680 --> 00:28:22,200 Speaker 2: from six. Kakati Mardi is imploding. It'll be no surprise 548 00:28:22,320 --> 00:28:24,359 Speaker 2: to you, given what's happened over the last month. 549 00:28:24,600 --> 00:28:28,879 Speaker 5: This decision was not taken lately. Many hope the end 550 00:28:28,920 --> 00:28:34,200 Speaker 5: would be reconciliation. It could not be achieved. We acknowledge 551 00:28:34,240 --> 00:28:37,280 Speaker 5: the mummy our people have built, and we think our 552 00:28:37,400 --> 00:28:40,920 Speaker 5: National Council for upholding our color and the best interests 553 00:28:40,920 --> 00:28:42,680 Speaker 5: of our movement throughout the. 554 00:28:42,720 --> 00:28:44,840 Speaker 2: Helmet Modlick is well. By the way Ferris and Kapa 555 00:28:44,920 --> 00:28:47,120 Speaker 2: king He now become independents and they say that they 556 00:28:47,160 --> 00:28:49,680 Speaker 2: will fight this. We'll see where that goes. Helmet Modlick 557 00:28:49,880 --> 00:28:52,560 Speaker 2: is Nat toy E chief executive with me this morning. 558 00:28:52,640 --> 00:28:56,120 Speaker 2: Good morning, Maudena, Good to have you on the show. 559 00:28:56,840 --> 00:28:58,720 Speaker 2: What is your I mean, obviously it's not a great 560 00:28:58,760 --> 00:29:02,360 Speaker 2: look for to party Mardi. But what happens with the 561 00:29:02,560 --> 00:29:04,560 Speaker 2: Maldi electric vote now do you think? 562 00:29:06,240 --> 00:29:08,200 Speaker 9: Yeah, well, that would depend on what plays out over 563 00:29:08,280 --> 00:29:12,960 Speaker 9: the next probably the next six months or so. It's 564 00:29:13,000 --> 00:29:15,720 Speaker 9: hard to state how bitterly disappointing it is for the 565 00:29:15,760 --> 00:29:19,960 Speaker 9: married community to see the dynamic that's played out so 566 00:29:20,160 --> 00:29:23,479 Speaker 9: publicly and resulting in this fractious outcome. 567 00:29:23,600 --> 00:29:24,600 Speaker 15: Yeah, hard's overstate it. 568 00:29:24,880 --> 00:29:28,720 Speaker 2: Do you know what exactly? You know that Ferris and 569 00:29:28,840 --> 00:29:30,200 Speaker 2: Coupa King have actually done. 570 00:29:32,000 --> 00:29:32,200 Speaker 6: Well. 571 00:29:32,800 --> 00:29:36,200 Speaker 9: I think it's fair to say that the actions and 572 00:29:36,280 --> 00:29:39,600 Speaker 9: conversations that have gone on initially behind the scenes and 573 00:29:39,640 --> 00:29:44,680 Speaker 9: then more recently and all two public ways, online as 574 00:29:44,760 --> 00:29:49,040 Speaker 9: well as over the media, has really been a combination 575 00:29:49,280 --> 00:29:52,600 Speaker 9: of small and not so small actions that have just 576 00:29:52,680 --> 00:29:56,800 Speaker 9: irritated each I thought about it, it seems to be 577 00:29:57,280 --> 00:30:03,400 Speaker 9: pretty orthodox sort of personality power politics type ego actions 578 00:30:03,680 --> 00:30:04,600 Speaker 9: the common. 579 00:30:04,600 --> 00:30:06,960 Speaker 15: Well, that's always you're going to have a serious ego 580 00:30:06,960 --> 00:30:10,640 Speaker 15: if you're going to be in politics, and and it's 581 00:30:11,600 --> 00:30:14,800 Speaker 15: it seems parallel pretty similarly the sorts of things we 582 00:30:14,840 --> 00:30:17,240 Speaker 15: should play out in other parties at this At this 583 00:30:17,360 --> 00:30:18,200 Speaker 15: stage though in the. 584 00:30:18,200 --> 00:30:22,640 Speaker 9: Electoral cycle, and given the strategic issues and play for 585 00:30:23,240 --> 00:30:27,040 Speaker 9: to party Maori and the progressive side of the political spectrum, 586 00:30:27,080 --> 00:30:28,600 Speaker 9: it's it's serious helmet. 587 00:30:28,760 --> 00:30:30,200 Speaker 2: Does Labor went out of this? 588 00:30:30,480 --> 00:30:30,640 Speaker 9: You know? 589 00:30:30,800 --> 00:30:33,600 Speaker 2: Do we get Maori voters on the Maori role going 590 00:30:33,680 --> 00:30:34,320 Speaker 2: back to Labor? 591 00:30:35,920 --> 00:30:40,120 Speaker 9: That's that's clearly got to be one of strategic options. 592 00:30:40,240 --> 00:30:41,880 Speaker 9: And that's so I say, it depends on what plays 593 00:30:41,920 --> 00:30:44,920 Speaker 9: out over the sixty nine months. The you know, the 594 00:30:46,000 --> 00:30:47,680 Speaker 9: there's no point when in a battle if you lose 595 00:30:47,720 --> 00:30:49,480 Speaker 9: the war, and the war at this point in time 596 00:30:49,600 --> 00:30:58,000 Speaker 9: is seen the Coalition and it's egregious attacks on the 597 00:30:58,120 --> 00:31:01,480 Speaker 9: Murray community and over the last couple of years seeing 598 00:31:01,560 --> 00:31:06,000 Speaker 9: them removed from office. There's the war and this battle 599 00:31:06,040 --> 00:31:10,760 Speaker 9: that's playing out into party. Maldi has been decidedly unhelpful 600 00:31:10,800 --> 00:31:12,400 Speaker 9: in winning that battle that war. 601 00:31:12,480 --> 00:31:15,320 Speaker 2: Sorry, helmet model. Appreciate your time this morning, Art Toya 602 00:31:15,440 --> 00:31:19,480 Speaker 2: Earwchief Executive Time is eight minutes away from six News 603 00:31:19,560 --> 00:31:21,400 Speaker 2: Talks ATB Views and. 604 00:31:21,520 --> 00:31:24,760 Speaker 1: Views you Trust to start your day. It's earlier this 605 00:31:24,840 --> 00:31:29,280 Speaker 1: ship with Bryan Bridge and r V Supercenter explore RV's 606 00:31:29,360 --> 00:31:32,480 Speaker 1: accessories and servicing. Fall and one News Talks at B. 607 00:31:32,640 --> 00:31:34,920 Speaker 2: Six to six on your Tuesday morning. There was talk 608 00:31:35,000 --> 00:31:37,320 Speaker 2: of maybe a winter election, going back to the polls 609 00:31:37,360 --> 00:31:39,680 Speaker 2: in Canada, it's not going to have to happen. Carne 610 00:31:39,840 --> 00:31:42,120 Speaker 2: there has a minority government and he was trying to 611 00:31:42,160 --> 00:31:43,920 Speaker 2: get his budget through and he had one hundred and 612 00:31:43,960 --> 00:31:46,560 Speaker 2: sixty nine seats and he was three short, and some 613 00:31:46,840 --> 00:31:50,040 Speaker 2: conservatives have come to save the day, so budgets passed. 614 00:31:50,320 --> 00:31:53,480 Speaker 2: That's all fine. But what they're doing, because Trump's tariffs 615 00:31:53,480 --> 00:31:55,680 Speaker 2: are hitting them hard, what they're doing is doubling the 616 00:31:55,800 --> 00:32:01,440 Speaker 2: deficit to seventy eight point three billion in Canadian dollars, 617 00:32:01,560 --> 00:32:06,000 Speaker 2: doubling the deficit five minutes away from Sex, Cray and Bridge, 618 00:32:06,040 --> 00:32:08,320 Speaker 2: which they say is you know, a pro investment, pro 619 00:32:08,440 --> 00:32:11,480 Speaker 2: growth thing. Mike's all. That's now morning, Mike, greetings to you. 620 00:32:11,680 --> 00:32:14,080 Speaker 2: Now who signed? Are you on Trump getting his billion 621 00:32:14,160 --> 00:32:19,640 Speaker 2: dollars from BBC or BBC saying actually, we're not biased 622 00:32:19,680 --> 00:32:20,840 Speaker 2: at all. Nothing to see. 623 00:32:20,960 --> 00:32:23,440 Speaker 16: Oh, I don't think they're going to went on that one. 624 00:32:24,920 --> 00:32:26,960 Speaker 16: I don't think the I was thinking about it yesterday. 625 00:32:27,000 --> 00:32:29,680 Speaker 16: Public broadcaster is all over the world. I sided funnily 626 00:32:29,760 --> 00:32:31,960 Speaker 16: enough with the Prime Minister yesterday. If you read the report, 627 00:32:31,960 --> 00:32:33,400 Speaker 16: you know, the book Camp report that came out on 628 00:32:33,440 --> 00:32:36,120 Speaker 16: Friday didn't get enough coverage because it came out Friday. Anyway, 629 00:32:36,240 --> 00:32:40,120 Speaker 16: Radio New Zealand ran a headline saying that conclusion was 630 00:32:40,240 --> 00:32:42,920 Speaker 16: it was rushed, yes, which is simply not true because 631 00:32:42,920 --> 00:32:44,920 Speaker 16: I read the report and it depends on what you 632 00:32:45,040 --> 00:32:48,840 Speaker 16: call a conclusion or an observation. So there wasn't a conclusion. 633 00:32:49,200 --> 00:32:50,760 Speaker 16: There were lots of observations. 634 00:32:50,840 --> 00:32:50,959 Speaker 6: Yes. 635 00:32:51,240 --> 00:32:53,680 Speaker 16: One of the observations was it was put together a 636 00:32:53,760 --> 00:32:56,720 Speaker 16: bit quickly, but there were lots of those observations, so 637 00:32:56,760 --> 00:32:58,480 Speaker 16: why would you pick the singular one to make it 638 00:32:58,560 --> 00:32:59,080 Speaker 16: a headline. 639 00:32:59,880 --> 00:33:03,680 Speaker 2: It isn't the overall issue that you have. You should 640 00:33:03,760 --> 00:33:06,560 Speaker 2: I mean, there will always be biased in news. 641 00:33:06,800 --> 00:33:09,080 Speaker 16: I've always said that they will always be honest about it. 642 00:33:09,400 --> 00:33:12,120 Speaker 2: Well, I agree, So so why don't we just say 643 00:33:12,520 --> 00:33:15,360 Speaker 2: you have one side represented over there, you have another represented. 644 00:33:16,560 --> 00:33:18,120 Speaker 2: Do whatever you like and listen to what you want 645 00:33:18,120 --> 00:33:18,800 Speaker 2: to do whatever you like. 646 00:33:18,880 --> 00:33:21,800 Speaker 16: And that's the problem has come about because there are 647 00:33:21,880 --> 00:33:25,480 Speaker 16: people who still argue that they're down the middle, which 648 00:33:25,600 --> 00:33:29,160 Speaker 16: is simply laughable. True and it's never been true. And 649 00:33:29,240 --> 00:33:31,480 Speaker 16: all that happened during COVID and all the ensuing years 650 00:33:31,560 --> 00:33:34,320 Speaker 16: is that that got exposed badly. Yes, the reputation has 651 00:33:34,360 --> 00:33:35,400 Speaker 16: been permanently damaged. 652 00:33:35,400 --> 00:33:35,920 Speaker 2: Lost the room. 653 00:33:36,000 --> 00:33:38,080 Speaker 16: There is no way back, as simple as that. 654 00:33:38,480 --> 00:33:40,600 Speaker 2: You know, Good luck everybody. 655 00:33:40,640 --> 00:33:44,720 Speaker 16: Antonia Watson, by the way, Antonio Watson, who runs the 656 00:33:44,760 --> 00:33:46,800 Speaker 16: bank the afore mentioned that you were talking about this morning, 657 00:33:46,880 --> 00:33:49,840 Speaker 16: child must be hard work defending success, isn't. It's a weird, 658 00:33:49,960 --> 00:33:52,360 Speaker 16: slightly weird thing, is you know, you're really success? 659 00:33:52,400 --> 00:33:54,520 Speaker 2: We can but they're doing are they ripping us off? 660 00:33:54,600 --> 00:33:56,040 Speaker 2: Or are they just doing more business. 661 00:33:56,280 --> 00:33:58,720 Speaker 16: They're not. They can't rip us off because you don't 662 00:33:58,880 --> 00:34:01,040 Speaker 16: have to do business with the day. 663 00:34:01,440 --> 00:34:04,520 Speaker 2: These were a monopoly sure, twenty seven banks, but they're 664 00:34:04,560 --> 00:34:07,360 Speaker 2: not anyway. Shues with this way all right, looking forward 665 00:34:07,360 --> 00:34:09,719 Speaker 2: to it. Mike's with you next, have a fantastic day. 666 00:34:10,000 --> 00:34:11,440 Speaker 2: See you tomorrow. News Talk to him Be. 667 00:34:14,000 --> 00:34:16,960 Speaker 1: For more from Early Edition with Ryan Bridge. Listen live 668 00:34:17,120 --> 00:34:20,080 Speaker 1: to News Talks it Be from five am weekdays, or 669 00:34:20,200 --> 00:34:22,040 Speaker 1: follow the podcast on iHeartRadio.