1 00:00:01,840 --> 00:00:08,479 Speaker 1: The issues, the interviews, and the inside. Ryan Bridge you 2 00:00:08,720 --> 00:00:12,119 Speaker 1: for twenty twenty four on the Early edition with Smith City, 3 00:00:12,200 --> 00:00:15,319 Speaker 1: New Zealand's Furniture Vans and a play a store us Dogs. 4 00:00:15,360 --> 00:00:19,040 Speaker 2: It'd be good morning, early writers, good morning movers and shakers. 5 00:00:19,079 --> 00:00:21,239 Speaker 2: It's great to have you listening this morning. A lot 6 00:00:21,280 --> 00:00:23,599 Speaker 2: has happened overnight, mainly in the States. Will keep you 7 00:00:23,680 --> 00:00:25,799 Speaker 2: up to date with what's going on. There's a saying 8 00:00:25,880 --> 00:00:30,320 Speaker 2: in politics that basically it's show business for ugly people, 9 00:00:30,680 --> 00:00:32,519 Speaker 2: and you look at someone like Biden, or you look 10 00:00:32,520 --> 00:00:34,840 Speaker 2: at someone like Nancy Pelosi and you'd probably say, yep, 11 00:00:35,560 --> 00:00:40,479 Speaker 2: they are pretty ugly. However, real Hollywood is weighing into 12 00:00:40,720 --> 00:00:45,560 Speaker 2: Washington's politics this morning. George Clooney, who's actually hot, isn't 13 00:00:45,600 --> 00:00:48,000 Speaker 2: he the actor? You'd all agree with that. He has 14 00:00:48,040 --> 00:00:50,400 Speaker 2: written an op ed for the New York Times, and 15 00:00:50,520 --> 00:00:54,640 Speaker 2: he's very influential in the Democratic Party. He is calling 16 00:00:54,880 --> 00:00:58,240 Speaker 2: for Joe Biden to stand down his campaign for reelection 17 00:00:58,400 --> 00:01:02,880 Speaker 2: to be president. This morning, Nancy Pelosi has dropped a bombshell, 18 00:01:03,000 --> 00:01:05,080 Speaker 2: and at five to twenty six this morning, I'll tell 19 00:01:05,120 --> 00:01:08,080 Speaker 2: you more about that. Katherine Ferkin is with us from 20 00:01:08,160 --> 00:01:10,479 Speaker 2: the United States to break it all down at five 21 00:01:10,480 --> 00:01:14,759 Speaker 2: point forty four. Also, this three page climate action plan 22 00:01:14,840 --> 00:01:16,959 Speaker 2: that the National Party has released. You would have seen 23 00:01:17,000 --> 00:01:18,880 Speaker 2: it in the news yesterday. I would have thought three 24 00:01:18,920 --> 00:01:23,120 Speaker 2: pages is better for the environment, less printing, right? Apparently not. 25 00:01:23,400 --> 00:01:25,759 Speaker 2: We're gonna speak to someone about that. Russell Norman's got 26 00:01:25,760 --> 00:01:28,720 Speaker 2: his neck is all twisted and we ask you the question, 27 00:01:28,880 --> 00:01:33,039 Speaker 2: what is better gas or coal? It's just gone seven 28 00:01:33,080 --> 00:01:33,920 Speaker 2: after five. 29 00:01:35,680 --> 00:01:36,360 Speaker 1: The agenda. 30 00:01:37,440 --> 00:01:40,280 Speaker 2: Thursday, the eleventh of July, the Prime Minister is in Washington, DC, 31 00:01:40,480 --> 00:01:43,880 Speaker 2: meeting with lawmakers ahead of the NATO summit, which is underway. 32 00:01:44,319 --> 00:01:46,679 Speaker 2: The big story in the US, of course, is still 33 00:01:46,800 --> 00:01:51,760 Speaker 2: Joe Biden and his debate performance, which Luxen was asked about. Again, 34 00:01:51,840 --> 00:01:53,720 Speaker 2: I'm not talking about US tomestic politics. 35 00:01:53,760 --> 00:01:55,680 Speaker 3: I'm here as Prime Minister of New Zealand's My job 36 00:01:55,720 --> 00:01:57,040 Speaker 3: is to work with whoever the leader is. 37 00:01:57,400 --> 00:01:59,360 Speaker 2: Yes, smart moves, stay out of it. The Prime Minister 38 00:01:59,400 --> 00:02:01,640 Speaker 2: sets a whole by lateral talks with world leaders. Today 39 00:02:01,680 --> 00:02:04,680 Speaker 2: they include Justin Trudeau of Canada. Who can you believe 40 00:02:04,720 --> 00:02:07,720 Speaker 2: this has been in power now for nine years? Trudeau 41 00:02:08,240 --> 00:02:11,519 Speaker 2: and they just lost. They just had a bioection in Toronto, 42 00:02:11,560 --> 00:02:13,919 Speaker 2: they lost quite a safe seat, so people are saying 43 00:02:13,919 --> 00:02:16,520 Speaker 2: he looks shaky, but there is a poll out saying 44 00:02:16,560 --> 00:02:19,640 Speaker 2: most people think he will stand again for re election 45 00:02:20,160 --> 00:02:23,720 Speaker 2: by twenty twenty five. Incredible. Machron on the other hand, 46 00:02:23,720 --> 00:02:25,920 Speaker 2: of course in a bit of peril, but so he'll 47 00:02:25,919 --> 00:02:28,760 Speaker 2: had meetings with Trudeau and Matron today. Meanwhile, back here 48 00:02:28,760 --> 00:02:31,040 Speaker 2: in New Zealand, Northland's Chamber of Commerce is heading out 49 00:02:31,200 --> 00:02:35,000 Speaker 2: at power grid operator trans Power, saying it's damaging its 50 00:02:35,000 --> 00:02:39,040 Speaker 2: reputation by not providing compensation to businesses impacted by last 51 00:02:39,080 --> 00:02:42,360 Speaker 2: month's power outage. Much of Northland lost power when workers 52 00:02:42,400 --> 00:02:46,000 Speaker 2: cleaning a transmission tower removed too many nuts, causing the 53 00:02:46,040 --> 00:02:49,440 Speaker 2: tower to collapse. Northern Chamber of Commerce CEO Darren Fishers's 54 00:02:49,480 --> 00:02:52,320 Speaker 2: conversation wouldn't have to be heaps some. 55 00:02:52,360 --> 00:02:55,360 Speaker 4: Sort of good will gesture that at least they recognized 56 00:02:55,360 --> 00:02:57,880 Speaker 4: the pain that was caused and tried to make it right. 57 00:02:57,960 --> 00:02:59,519 Speaker 4: I think from a brand point of view, in a 58 00:02:59,600 --> 00:03:03,160 Speaker 4: moral that's the least that Transfer could have done. 59 00:03:03,400 --> 00:03:06,000 Speaker 2: In New Zealand has been ranked the best place in 60 00:03:06,320 --> 00:03:10,240 Speaker 2: New Zealand to work, apparently according to a Ranstad employer's survey. 61 00:03:10,880 --> 00:03:13,360 Speaker 2: Also in the top five with a Department of Conservation, 62 00:03:13,560 --> 00:03:18,240 Speaker 2: Customs and consulting firms PwC and WSP. It's the second 63 00:03:18,280 --> 00:03:19,880 Speaker 2: year in a row that in New Zealand has taken 64 00:03:19,880 --> 00:03:21,639 Speaker 2: out the top spot. Don't they give you free flights 65 00:03:21,639 --> 00:03:23,440 Speaker 2: if you work for in New Zealand? There you go 66 00:03:23,600 --> 00:03:29,239 Speaker 2: easy conservation. You get to roam free around New Zealand Customs. 67 00:03:30,320 --> 00:03:34,520 Speaker 2: I don't know. Free drugs they take those homes all right? 68 00:03:34,600 --> 00:03:37,640 Speaker 2: This morning, this is a weird story from China. A 69 00:03:37,640 --> 00:03:40,600 Speaker 2: man has been caught crossing from Hong Kong to the 70 00:03:40,640 --> 00:03:44,240 Speaker 2: mainland with more than one hundred live snakes stuffed into 71 00:03:44,280 --> 00:03:48,000 Speaker 2: his pants. According to local authorities, the snakes were in 72 00:03:48,040 --> 00:03:50,720 Speaker 2: six bags in the man's pockets. Authorities haven't said if 73 00:03:50,720 --> 00:03:53,280 Speaker 2: he has been arrested yet. It follows a man in 74 00:03:53,360 --> 00:03:56,080 Speaker 2: June being arrested trying to smuggle four hundred and fifty 75 00:03:56,160 --> 00:03:59,600 Speaker 2: endangered turtles from Macau to China. It has just gone 76 00:03:59,640 --> 00:04:01,080 Speaker 2: ten minut's after five. 77 00:04:01,920 --> 00:04:05,240 Speaker 1: News and Views You Trust to start your day's early 78 00:04:05,400 --> 00:04:09,040 Speaker 1: edition with Ryan Bridge and Smith City, New Zealand's Furniture 79 00:04:09,080 --> 00:04:10,320 Speaker 1: Beds and a Flying Store. 80 00:04:10,480 --> 00:04:13,600 Speaker 2: News Talk said, be one hundred snakes in your pants. 81 00:04:13,640 --> 00:04:17,159 Speaker 2: Some of us only need one. Right. I'm George Clooney. 82 00:04:17,200 --> 00:04:19,039 Speaker 2: I mentioned him earlier in the program. I'm going to 83 00:04:19,080 --> 00:04:21,040 Speaker 2: read you a little bit of what he has written 84 00:04:21,080 --> 00:04:24,680 Speaker 2: for The New York Times. He says, I'm a lifelong Democrat. 85 00:04:24,800 --> 00:04:28,320 Speaker 2: I make no apologies for that. I'm proud of what 86 00:04:28,360 --> 00:04:31,360 Speaker 2: my party represents and what it stands for. As part 87 00:04:31,360 --> 00:04:34,520 Speaker 2: of my participation in the democratic process and in support 88 00:04:34,560 --> 00:04:37,039 Speaker 2: of my chosen candidate, I have led some of the 89 00:04:37,080 --> 00:04:40,800 Speaker 2: biggest fundraisers in my party's history. All Right, we get it. 90 00:04:40,880 --> 00:04:43,919 Speaker 2: You're rich and you've got rich mates. He goes on 91 00:04:44,040 --> 00:04:46,200 Speaker 2: to say that he loves Joe Biden. He loves loved 92 00:04:46,240 --> 00:04:48,080 Speaker 2: him as a senator, loved him as a vice president, 93 00:04:48,160 --> 00:04:51,719 Speaker 2: loved him as a president. But the one battle, says 94 00:04:51,800 --> 00:04:55,320 Speaker 2: George Clooney, that he cannot win, is the fight against time. 95 00:04:55,560 --> 00:04:58,400 Speaker 2: None of us can. It's devastating to say it, but 96 00:04:58,440 --> 00:05:00,760 Speaker 2: the Joe Biden I was worth three weeks ago at 97 00:05:00,760 --> 00:05:04,560 Speaker 2: a fundraiser was not the Joe big effing deal Biden 98 00:05:04,720 --> 00:05:07,839 Speaker 2: of twenty ten. He wasn't even the Joe Biden of 99 00:05:07,880 --> 00:05:11,200 Speaker 2: twenty twenty. He was the same man that we all 100 00:05:11,240 --> 00:05:14,479 Speaker 2: witnessed on that debate stage, so that I mean that's cutting. 101 00:05:14,680 --> 00:05:17,520 Speaker 2: This is one of his mates, one of his biggest supporters, 102 00:05:18,040 --> 00:05:21,440 Speaker 2: and it gets much much worse for Joe Biden because 103 00:05:21,480 --> 00:05:24,760 Speaker 2: one of his biggest political supporters, and Nancy Pelosi, has 104 00:05:24,880 --> 00:05:28,400 Speaker 2: also dropped a bombshell nothing quite as overt as this 105 00:05:29,000 --> 00:05:32,160 Speaker 2: on Joe Biden overnight and NATO sized bombshell. I'll tell 106 00:05:32,160 --> 00:05:34,840 Speaker 2: you about that at five twenty six. Very quickly though 107 00:05:34,880 --> 00:05:37,880 Speaker 2: to NATO. There is good news for Ukraine that has 108 00:05:37,920 --> 00:05:40,600 Speaker 2: come out of the summit already. Ukraine is to get 109 00:05:40,839 --> 00:05:44,680 Speaker 2: more F sixteen fighter jets. The Danish and the Dutch 110 00:05:44,720 --> 00:05:48,080 Speaker 2: governments are in the process of donating their American made 111 00:05:48,080 --> 00:05:52,719 Speaker 2: the F sixteens are donating these to the Ukrainians and 112 00:05:52,760 --> 00:05:55,080 Speaker 2: they will have them flying this summer, which is good. 113 00:05:55,880 --> 00:05:59,239 Speaker 2: Zaninsky is happy. They were worried that this might escalate 114 00:05:59,320 --> 00:06:01,400 Speaker 2: things if you go to war in the skies, you know, 115 00:06:01,960 --> 00:06:05,000 Speaker 2: allowing Ukraine to defend the skies against missiles and drones, 116 00:06:05,000 --> 00:06:07,440 Speaker 2: et cetera, that you might escalate things with Russia, which 117 00:06:07,440 --> 00:06:09,920 Speaker 2: is a nuclear power. They've obviously decided to held with that. 118 00:06:10,480 --> 00:06:12,880 Speaker 2: We are going to give them the F sixteenth and 119 00:06:12,920 --> 00:06:15,800 Speaker 2: We're going to do it by summer. It has just 120 00:06:15,800 --> 00:06:18,760 Speaker 2: gone twelve minutes after five coming up next. It's three 121 00:06:18,800 --> 00:06:24,000 Speaker 2: pages long. So why has National's climate change plan been 122 00:06:24,120 --> 00:06:25,080 Speaker 2: so controversial? 123 00:06:25,320 --> 00:06:27,799 Speaker 1: The news you need this morning and the in depth 124 00:06:27,839 --> 00:06:31,840 Speaker 1: analysis early edition with Ryan Bridge and Smith City, New 125 00:06:31,920 --> 00:06:34,039 Speaker 1: Zealand's furniture beds and a playing store. 126 00:06:34,240 --> 00:06:37,039 Speaker 2: News Talk said B fourteen after five, Love your feedback. 127 00:06:37,120 --> 00:06:39,080 Speaker 2: Nine two ninety two is the number to text me 128 00:06:39,160 --> 00:06:43,120 Speaker 2: this morning. There's been a vicious backlash from the government's 129 00:06:43,120 --> 00:06:46,159 Speaker 2: climate change strategy release that was put out last night. 130 00:06:46,240 --> 00:06:49,960 Speaker 2: Opposition Mpece have slammed it, arguing that Simon wants the 131 00:06:50,000 --> 00:06:54,160 Speaker 2: minister has essentially published a pamphlet to disguise the fact 132 00:06:54,160 --> 00:06:57,440 Speaker 2: that government has done little to reduce emissions. It sets 133 00:06:57,480 --> 00:07:01,320 Speaker 2: out five key priorities to folks on when it comes 134 00:07:01,400 --> 00:07:05,080 Speaker 2: to climate efforts on the government's behalf. Lisa McLaren is 135 00:07:05,080 --> 00:07:07,560 Speaker 2: from the Climate Activist Group three point fifty alts Head 136 00:07:07,560 --> 00:07:10,160 Speaker 2: Oranges with me this morning. Lisa, good morning, Thank you 137 00:07:10,160 --> 00:07:12,320 Speaker 2: for being with me. Can I start with good morning, 138 00:07:12,360 --> 00:07:15,520 Speaker 2: good morning? Five quick fire questions for you this morning? 139 00:07:15,920 --> 00:07:19,480 Speaker 2: Do you generally agree with these sentiments of what the 140 00:07:21,120 --> 00:07:24,480 Speaker 2: statements I'm about to make. We should have infrastructure that's 141 00:07:24,520 --> 00:07:28,360 Speaker 2: resilient and communities well prepared for climate change. Do you 142 00:07:28,400 --> 00:07:30,040 Speaker 2: think that's a good objective? 143 00:07:31,520 --> 00:07:33,760 Speaker 5: Definitely, though you can do that many different ways. 144 00:07:33,840 --> 00:07:35,640 Speaker 2: All right, What about do you think we should have 145 00:07:36,400 --> 00:07:40,280 Speaker 2: pricing emissions and pricing them fairly and effectively to incentivize 146 00:07:40,280 --> 00:07:41,320 Speaker 2: emission's reductions. 147 00:07:42,680 --> 00:07:45,800 Speaker 5: Again, there's like a wide range of different sative carbon 148 00:07:45,880 --> 00:07:48,080 Speaker 5: markets and pricing mechanisms out there. 149 00:07:48,480 --> 00:07:51,080 Speaker 2: But generally, generally you agree with that. 150 00:07:52,800 --> 00:07:53,679 Speaker 5: If it's done well. 151 00:07:53,800 --> 00:07:56,920 Speaker 2: Okay. Do we need abundant and affordable clean energy? 152 00:07:58,040 --> 00:07:58,440 Speaker 4: We do? 153 00:07:58,640 --> 00:08:01,600 Speaker 2: Okay. Do we need to be old leading climate innovators? 154 00:08:03,840 --> 00:08:06,840 Speaker 5: I think the ship might have sailed with that. We're 155 00:08:06,880 --> 00:08:09,160 Speaker 5: already quite behind the rest of the world and a 156 00:08:09,160 --> 00:08:11,680 Speaker 5: whole lot of stuff around climate innovation. So it's great 157 00:08:11,680 --> 00:08:11,960 Speaker 5: to tame. 158 00:08:12,240 --> 00:08:15,680 Speaker 2: Okay. So it's a good But in terms of high 159 00:08:15,720 --> 00:08:19,280 Speaker 2: level aims, you're on board with that and nature based 160 00:08:19,280 --> 00:08:21,600 Speaker 2: solutions to address climate change, I'm going to say yes 161 00:08:21,640 --> 00:08:23,640 Speaker 2: for you, because I mean, and that's a given, isn't it. 162 00:08:24,000 --> 00:08:26,520 Speaker 2: So what what what this means is you've just agreed 163 00:08:26,560 --> 00:08:29,160 Speaker 2: with all five of the points the government's made. So 164 00:08:29,280 --> 00:08:31,040 Speaker 2: what exactly are you upset about? 165 00:08:33,080 --> 00:08:36,040 Speaker 5: So I think you can put a nice little plan 166 00:08:36,120 --> 00:08:38,400 Speaker 5: down on a couple of pieces of paper and it 167 00:08:38,440 --> 00:08:40,400 Speaker 5: can look fine if it's high level and there's a 168 00:08:40,440 --> 00:08:45,240 Speaker 5: few nice sentences that actually, this plan, well if you 169 00:08:45,240 --> 00:08:48,680 Speaker 5: can call it a plan, is fundamentally inconsistent with the 170 00:08:48,800 --> 00:08:52,560 Speaker 5: government's other policies that have been releasing since they've got 171 00:08:52,600 --> 00:08:57,560 Speaker 5: into office. The impact climate change, so expects tellers that 172 00:08:58,000 --> 00:09:00,400 Speaker 5: to meet out Paris taggarts when it keeps it five 173 00:09:00,400 --> 00:09:03,840 Speaker 5: percent of oil and gas reserve and ninety percent of 174 00:09:03,880 --> 00:09:06,480 Speaker 5: all coal reserve there must be left in the ground. 175 00:09:06,920 --> 00:09:10,120 Speaker 5: It's just that simple. And this government wants to do 176 00:09:10,200 --> 00:09:13,360 Speaker 5: the opposite, or they've been talking about it seems in 177 00:09:13,400 --> 00:09:16,479 Speaker 5: the media since they got into powers, oil and gas inspiration, 178 00:09:16,679 --> 00:09:20,839 Speaker 5: maybe reversing that ban, looking at mining on conservation land, 179 00:09:21,320 --> 00:09:24,360 Speaker 5: things that we thought were left in the past, that 180 00:09:24,400 --> 00:09:28,480 Speaker 5: they're not consistent with climate action, okay, and that makes 181 00:09:28,480 --> 00:09:29,920 Speaker 5: this new plan really meaningless. 182 00:09:30,080 --> 00:09:31,920 Speaker 2: All right, So it's the other things that they're doing. 183 00:09:31,960 --> 00:09:34,880 Speaker 2: Let's talk about that oil and gas ban. What do 184 00:09:34,920 --> 00:09:38,000 Speaker 2: you think is happening Because the government is saying, you know, 185 00:09:38,120 --> 00:09:40,000 Speaker 2: we don't want to go and get the oil and 186 00:09:40,040 --> 00:09:42,840 Speaker 2: gas out. But if we don't, then we're going to 187 00:09:42,840 --> 00:09:45,800 Speaker 2: be importing dirty Indonesian coal. So what do you think 188 00:09:45,880 --> 00:09:48,720 Speaker 2: is better New Zealand gas or dirty Indonesian coal? 189 00:09:50,160 --> 00:09:51,920 Speaker 5: Well, I don't think either. If we get a good 190 00:09:51,920 --> 00:09:56,080 Speaker 5: infrastructure plan happening now, we need that investment in our 191 00:09:56,080 --> 00:10:02,080 Speaker 5: renewable energy infrastructure now. And also the governments are sending 192 00:10:02,120 --> 00:10:04,640 Speaker 5: these signals out to overseas. Companies are just going to 193 00:10:04,640 --> 00:10:08,240 Speaker 5: come and instruct it, take the profits overseas, whereas actually, 194 00:10:08,280 --> 00:10:10,839 Speaker 5: if we look at things like proper energy storage here, 195 00:10:11,320 --> 00:10:13,640 Speaker 5: we can make the power cheap of the households improve 196 00:10:13,640 --> 00:10:15,120 Speaker 5: their energy security as a company. 197 00:10:15,160 --> 00:10:17,560 Speaker 2: I'm just going to read things like I'm just sorry 198 00:10:17,640 --> 00:10:19,720 Speaker 2: to interrupt you, but I'm just going to quickly read you, Lisa. 199 00:10:20,400 --> 00:10:22,559 Speaker 2: This is just a headline from Radio and New Zealand 200 00:10:22,559 --> 00:10:25,600 Speaker 2: from the eight of May of this year, Genesis Energy 201 00:10:25,600 --> 00:10:29,160 Speaker 2: to fire up coal imports citing increased demand and dwindling 202 00:10:29,240 --> 00:10:32,480 Speaker 2: gas supply. So this is after the last government band 203 00:10:32,480 --> 00:10:37,200 Speaker 2: oil and gas. You've now got sitting at Genesis Energy, 204 00:10:37,320 --> 00:10:41,959 Speaker 2: sitting at the Huntley Power station, half a million tons 205 00:10:42,720 --> 00:10:45,680 Speaker 2: of coal that they've imported, and they're about to pull 206 00:10:45,720 --> 00:10:49,080 Speaker 2: trigger on importing another three hundred and fifty thousand tons. 207 00:10:49,760 --> 00:10:52,160 Speaker 2: So you're saying that we've got enough to transition, but 208 00:10:52,240 --> 00:10:54,720 Speaker 2: clearly we don't. I mean, otherwise we wouldn't be importing 209 00:10:54,760 --> 00:10:55,520 Speaker 2: all this coal, right. 210 00:10:57,040 --> 00:10:58,920 Speaker 5: I think if you look over seas, there's some great 211 00:10:58,920 --> 00:11:03,520 Speaker 5: examples where some of this new renewable and clean energy 212 00:11:03,520 --> 00:11:06,480 Speaker 5: infrastructure is helping with some of those like peaks and 213 00:11:06,520 --> 00:11:10,640 Speaker 5: troughs of the energy market. So things like we saw 214 00:11:10,679 --> 00:11:15,400 Speaker 5: recently Australia electric vehicles, we're helping keep for the power 215 00:11:15,400 --> 00:11:19,920 Speaker 5: grids like rebalanced if that national grid losers supply really 216 00:11:20,000 --> 00:11:21,960 Speaker 5: quickly so they can be used as a backup and 217 00:11:22,000 --> 00:11:26,440 Speaker 5: emergency other technology out there. Why do we want to 218 00:11:26,520 --> 00:11:29,000 Speaker 5: go back to the stuff that actually is climate harming. 219 00:11:29,080 --> 00:11:31,360 Speaker 2: Yeah, but Lisa, do you see the problem that it's 220 00:11:31,480 --> 00:11:34,440 Speaker 2: it's the lesser of two evils. It's not like it's 221 00:11:34,480 --> 00:11:36,360 Speaker 2: not like the government is out there saying we want 222 00:11:36,400 --> 00:11:38,280 Speaker 2: to be getting all this out and doing all these 223 00:11:38,400 --> 00:11:39,080 Speaker 2: nasty things. 224 00:11:39,240 --> 00:11:42,720 Speaker 5: I think they are though, Like if he's looking Reshturck 225 00:11:42,840 --> 00:11:45,559 Speaker 5: and know if you look at Shane Jones's rhetoric in 226 00:11:45,640 --> 00:11:49,400 Speaker 5: the news, these talking about drill, baby, drill, we're open 227 00:11:49,480 --> 00:11:53,000 Speaker 5: for business. There's these climate hippies have got nothing on us. 228 00:11:53,080 --> 00:11:54,880 Speaker 5: We can just do this. This is the right thing 229 00:11:54,920 --> 00:11:58,160 Speaker 5: to do. Their unicorns like. That's not a government that's 230 00:11:58,200 --> 00:12:01,440 Speaker 5: going out there and saying this is the like last 231 00:12:01,520 --> 00:12:05,840 Speaker 5: case like solution we need. This is something they're actively promoting. 232 00:12:06,040 --> 00:12:07,640 Speaker 2: Lisa, thank you very much for your time this morning. 233 00:12:07,640 --> 00:12:10,960 Speaker 2: That's Lisa McLaren. She's the three point fifty Altied Dour spokesperson. 234 00:12:11,040 --> 00:12:12,840 Speaker 2: It is twenty after five. We'd love to know what 235 00:12:12,880 --> 00:12:16,160 Speaker 2: you think about this issue. Nine to niney two is 236 00:12:16,160 --> 00:12:18,280 Speaker 2: the number to text. We'll be back in just a second. 237 00:12:18,480 --> 00:12:21,760 Speaker 2: Are we're looking at Biden and Pelosi out of the states. 238 00:12:22,559 --> 00:12:25,480 Speaker 1: The first word on the News of the Day early 239 00:12:25,679 --> 00:12:29,319 Speaker 1: edition with Ryan Bridge and Smith City, New Zealand's Furniture 240 00:12:29,360 --> 00:12:32,080 Speaker 1: Beds and Appliant Store News Talk Zippy. 241 00:12:32,400 --> 00:12:35,200 Speaker 2: Twenty two after five, Mark says, and what lifetime do 242 00:12:35,240 --> 00:12:38,319 Speaker 2: you think renewables will cover all our needs? And at 243 00:12:38,360 --> 00:12:41,560 Speaker 2: what cost to our country? Right now? Core Logics called 244 00:12:41,559 --> 00:12:44,560 Speaker 2: our Construction Price Index has recorded the first drop in 245 00:12:44,640 --> 00:12:48,040 Speaker 2: construction costs in twelve years since the index started looking 246 00:12:48,080 --> 00:12:51,200 Speaker 2: at prices. This should mean that we get cheaper houses 247 00:12:51,240 --> 00:12:53,840 Speaker 2: when we're building right Joining me now is the new 248 00:12:53,920 --> 00:12:57,679 Speaker 2: Zealand Certified Builders Chief executive Malcolm Fleming. Malcolm, what does 249 00:12:57,679 --> 00:12:58,040 Speaker 2: it mean? 250 00:13:00,480 --> 00:13:03,240 Speaker 6: The drop in building US means it's a great time 251 00:13:03,440 --> 00:13:07,120 Speaker 6: time for home bok owners to consider a building project. 252 00:13:07,840 --> 00:13:11,079 Speaker 6: Global supply chains are no longer disrupted, so costs are 253 00:13:11,120 --> 00:13:14,920 Speaker 6: returning to where they were pre pandemic and falling demand 254 00:13:15,000 --> 00:13:18,960 Speaker 6: for building materials has led to manufacturers and distributors becoming 255 00:13:19,040 --> 00:13:22,880 Speaker 6: more competitive worth they're product pricing, so homeowners can now 256 00:13:22,920 --> 00:13:26,640 Speaker 6: be more discerning about the builder engage to set their 257 00:13:26,640 --> 00:13:29,920 Speaker 6: building project up for success. Home owners should be insisting 258 00:13:30,000 --> 00:13:32,520 Speaker 6: on a trade qualified builder is aligning to the trade 259 00:13:32,559 --> 00:13:34,440 Speaker 6: associating because they have choice. 260 00:13:34,440 --> 00:13:37,000 Speaker 2: Now, what does it mean for trade? These wages? Are 261 00:13:37,040 --> 00:13:38,920 Speaker 2: they going down or are they just not rising at 262 00:13:38,920 --> 00:13:39,520 Speaker 2: the same rate? 263 00:13:42,240 --> 00:13:46,400 Speaker 6: Wages generally have stabilized four point one percent was the 264 00:13:46,480 --> 00:13:50,880 Speaker 6: last on that. In terms of statistics, there has been 265 00:13:51,000 --> 00:13:54,680 Speaker 6: a slow down and the wage rises generally a constant sector. 266 00:13:55,120 --> 00:13:59,559 Speaker 6: Material costs are coming down, as we've just been talking about, 267 00:13:59,600 --> 00:14:02,280 Speaker 6: and part of an example of that is manufacturers and 268 00:14:02,320 --> 00:14:06,800 Speaker 6: disputed distributors of building products are becoming more competitive. So 269 00:14:07,240 --> 00:14:10,959 Speaker 6: in action, what we're seeing is merchants approaching our members 270 00:14:11,280 --> 00:14:14,480 Speaker 6: about opening your accounts with them at attractive pricing, and 271 00:14:14,520 --> 00:14:16,719 Speaker 6: that's something we never saw a cost two thousand and 272 00:14:17,040 --> 00:14:18,520 Speaker 6: twenty twenty two. 273 00:14:19,480 --> 00:14:21,600 Speaker 2: This is all good news. Does this mean that we're 274 00:14:21,600 --> 00:14:25,600 Speaker 2: going to see cheaper first into the first homes or 275 00:14:25,640 --> 00:14:26,520 Speaker 2: new homes cheaper? 276 00:14:28,320 --> 00:14:30,800 Speaker 6: I think we're going to see some of those costs 277 00:14:30,840 --> 00:14:35,040 Speaker 6: coming through. Another driver behind this as well as subcontractor 278 00:14:35,080 --> 00:14:39,160 Speaker 6: margins are under pressure as demand is for so subcontractor 279 00:14:39,200 --> 00:14:41,400 Speaker 6: margins are a lot higher and more elastic than a 280 00:14:41,440 --> 00:14:44,640 Speaker 6: builder's margin, and downward movement in that space has an 281 00:14:44,640 --> 00:14:46,920 Speaker 6: impact and that's what we're starting to see now. So 282 00:14:47,320 --> 00:14:50,120 Speaker 6: again a really good time for homeowner to consider a 283 00:14:50,120 --> 00:14:50,800 Speaker 6: building project. 284 00:14:50,960 --> 00:14:52,840 Speaker 2: Malcolm, thanks for your time. Malcom firming with us this 285 00:14:52,920 --> 00:14:56,120 Speaker 2: morning the New Zealand Certified Builders Chief Executive and we've 286 00:14:56,160 --> 00:14:59,520 Speaker 2: got the latest on the Nancy Pelosi Joe Biden situation. 287 00:14:59,640 --> 00:15:04,560 Speaker 1: Next, separating the Fact from the Fiction Kids Billing edition 288 00:15:04,720 --> 00:15:08,440 Speaker 1: with Smith City, New Zealand's Furniture Beds and Appliant Store. 289 00:15:08,600 --> 00:15:11,640 Speaker 2: News Talk ZBB. Right, it's just gone twenty seven after 290 00:15:11,720 --> 00:15:14,720 Speaker 2: five here on News Talk ZBB. Nancy Pelosi's just dropped 291 00:15:14,760 --> 00:15:17,600 Speaker 2: the equivalent of a NATO bomb on her old buddy, 292 00:15:17,680 --> 00:15:21,000 Speaker 2: Joe Biden. The former House Speaker, is well connected, she 293 00:15:21,160 --> 00:15:25,359 Speaker 2: is respected within the Democratic Party. She's always on cable television, 294 00:15:25,600 --> 00:15:28,360 Speaker 2: and she had this to say when asked about Biden's 295 00:15:28,400 --> 00:15:31,880 Speaker 2: critics attacking his mental capacity during the NATO summit. 296 00:15:32,320 --> 00:15:34,680 Speaker 7: I want him to do whatever he decides to do. 297 00:15:35,200 --> 00:15:40,320 Speaker 7: Let's just hold off whatever you're thinking. Either tell somebody privately, 298 00:15:40,680 --> 00:15:42,360 Speaker 7: but you don't have to put that out on the 299 00:15:42,400 --> 00:15:45,440 Speaker 7: table until we see how we go this week. 300 00:15:46,240 --> 00:15:49,480 Speaker 2: So what is the problem with that? Well, remember Biden 301 00:15:49,600 --> 00:15:50,760 Speaker 2: has already said this. 302 00:15:50,960 --> 00:15:52,880 Speaker 4: I am running and gonna win again. 303 00:15:53,200 --> 00:15:55,560 Speaker 2: So now you have the most influential, one of the 304 00:15:55,560 --> 00:15:59,480 Speaker 2: most influential people in the Democratic Party saying he needs 305 00:15:59,520 --> 00:16:02,480 Speaker 2: to make it decision about whether to run, and you 306 00:16:02,600 --> 00:16:06,360 Speaker 2: have the candidate saying I've made the decision. I am running. 307 00:16:07,000 --> 00:16:10,600 Speaker 2: It's very messy, it's huge, actually, and the White House 308 00:16:10,760 --> 00:16:13,640 Speaker 2: is going to be and a tailspin over this and 309 00:16:13,720 --> 00:16:17,120 Speaker 2: it doesn't stop there. Overnight, Michael Bennett became the first 310 00:16:17,320 --> 00:16:21,040 Speaker 2: Democratic Senator to publicly say that Joe Biden can't win. 311 00:16:21,200 --> 00:16:25,600 Speaker 3: In fact, Donald Trump is on track I think to 312 00:16:25,640 --> 00:16:29,080 Speaker 3: win the selection and maybe win it by a landslide. 313 00:16:29,400 --> 00:16:32,560 Speaker 2: In a political crisis, there are headlines like gunfire. Then 314 00:16:32,720 --> 00:16:37,120 Speaker 2: there are bombs, which cause massive, often irreversible damage to 315 00:16:37,160 --> 00:16:39,880 Speaker 2: a candidate. They can change the direction of a war, 316 00:16:40,000 --> 00:16:42,720 Speaker 2: a turning point, if you will. And make no mistake 317 00:16:43,120 --> 00:16:47,440 Speaker 2: when this happens in politics, it's always actually worse when 318 00:16:47,480 --> 00:16:50,960 Speaker 2: it's friendly fire. Remember, just a couple of days to 319 00:16:51,040 --> 00:16:54,840 Speaker 2: go at NATO and one solo press conference from the 320 00:16:54,880 --> 00:16:59,840 Speaker 2: Commander in Chief on Thursday ending this seventy fifth anniversary 321 00:17:00,080 --> 00:17:02,920 Speaker 2: NATO summit. The only question now is whether it could 322 00:17:03,000 --> 00:17:06,199 Speaker 2: also become the platform for the eighty two year old 323 00:17:06,280 --> 00:17:14,280 Speaker 2: president to also end his political career. Ryan Bridge just 324 00:17:14,280 --> 00:17:16,199 Speaker 2: gone twenty nine minutes after five. We'd love your feedback 325 00:17:16,240 --> 00:17:18,280 Speaker 2: on that nine two ninety two. I did say at 326 00:17:18,280 --> 00:17:19,880 Speaker 2: the start of the week, didn't I that? I thought 327 00:17:20,560 --> 00:17:23,800 Speaker 2: he's probably going to stick around because the alternatives and 328 00:17:23,840 --> 00:17:25,800 Speaker 2: the chaos that you cause by pulling out of a 329 00:17:25,920 --> 00:17:28,720 Speaker 2: race are too much. But I'm starting to change my mind. 330 00:17:30,160 --> 00:17:32,440 Speaker 2: I mean, what is it Thursday. You're allowed to change 331 00:17:32,440 --> 00:17:34,919 Speaker 2: your mind, don't you. We've got news coming up with 332 00:17:35,000 --> 00:17:37,960 Speaker 2: never Etimanu and after that we are live to the 333 00:17:38,080 --> 00:17:42,000 Speaker 2: United States for all the fallout with Catherine Ferkin our US. 334 00:17:41,840 --> 00:17:46,280 Speaker 1: College get ahead of the headlines, Ryan Bridge, you for 335 00:17:46,400 --> 00:17:49,960 Speaker 1: twenty twenty four on early edition with Smith City, New 336 00:17:50,080 --> 00:17:52,160 Speaker 1: Zealand's furniture bids and a play a store. 337 00:17:52,320 --> 00:18:06,359 Speaker 2: News Talk said, be good morning, New Zealand. It is 338 00:18:06,359 --> 00:18:09,640 Speaker 2: twenty four away from six zero. News Talk's early edition 339 00:18:09,720 --> 00:18:11,679 Speaker 2: was me, Ryan Bridge, good to have you with me 340 00:18:11,760 --> 00:18:14,400 Speaker 2: this morning. We've just had a text come in from 341 00:18:14,440 --> 00:18:16,359 Speaker 2: Tea who says, I'm not sure if it was a 342 00:18:16,359 --> 00:18:20,359 Speaker 2: small earthquake or a big truck in Otago. Did I 343 00:18:20,359 --> 00:18:22,720 Speaker 2: imagine something that happened ten minutes ago. I don't know. 344 00:18:22,800 --> 00:18:25,760 Speaker 2: Maybe I can tell you what it might have been. 345 00:18:26,080 --> 00:18:29,040 Speaker 2: There is a once in a lifetime explosion about to 346 00:18:29,080 --> 00:18:32,440 Speaker 2: create a new star in the sky. Sounds fascinating, right, 347 00:18:33,240 --> 00:18:35,880 Speaker 2: So you read the story on and you find out 348 00:18:35,960 --> 00:18:39,040 Speaker 2: that any night now this new star or nova will 349 00:18:39,040 --> 00:18:40,879 Speaker 2: appear in the night sky and we will see it 350 00:18:41,080 --> 00:18:44,560 Speaker 2: from New Zealand, which is awesome. It's called tcore Boar 351 00:18:45,640 --> 00:18:48,600 Speaker 2: and it's a constellation of the Northern Crown, which is 352 00:18:48,640 --> 00:18:51,520 Speaker 2: prominent in the northern hemisphere but also visible in the 353 00:18:51,560 --> 00:18:54,800 Speaker 2: northern sky from Australia and New Zealand over the next 354 00:18:55,040 --> 00:18:58,720 Speaker 2: few months. So this is three thousand light years away, 355 00:18:58,800 --> 00:19:01,880 Speaker 2: which is too faint to be said, and once every 356 00:19:01,920 --> 00:19:03,840 Speaker 2: eighty years. See, this is where it gets interesting. It's 357 00:19:03,840 --> 00:19:06,080 Speaker 2: not actually a new star that you're going to see. 358 00:19:06,160 --> 00:19:08,159 Speaker 2: It will be visible for about three days. It's not 359 00:19:08,200 --> 00:19:11,280 Speaker 2: a new star. It's an old star that sort of 360 00:19:11,359 --> 00:19:15,119 Speaker 2: blows up every eighty years, and it will become fifteen 361 00:19:15,359 --> 00:19:18,200 Speaker 2: hundred times brighter than usual, which is why you'll be 362 00:19:18,240 --> 00:19:19,240 Speaker 2: able to see it, and you should be able to 363 00:19:19,280 --> 00:19:21,200 Speaker 2: see it with the naked eye, which is pretty cool. 364 00:19:21,920 --> 00:19:24,919 Speaker 2: So the star itself is well past its prime and 365 00:19:24,960 --> 00:19:29,920 Speaker 2: it's now what they call a a stellar remnant, known 366 00:19:30,000 --> 00:19:33,800 Speaker 2: as a white dwarf, which I thought should be a 367 00:19:33,840 --> 00:19:36,960 Speaker 2: little person in today's context, but whatever, here we are. 368 00:19:37,240 --> 00:19:39,359 Speaker 2: So what happens is the white dwarf and this is 369 00:19:39,400 --> 00:19:42,960 Speaker 2: me explaining science, so you know, go figure. The white 370 00:19:43,040 --> 00:19:45,399 Speaker 2: dwarf sits next to a red giant, which is a 371 00:19:45,440 --> 00:19:48,840 Speaker 2: different type of star. The dwarf sucks up the red 372 00:19:48,920 --> 00:19:53,320 Speaker 2: Giant's gas. The pressure gets so high that a thermonuclear 373 00:19:53,359 --> 00:19:57,320 Speaker 2: reaction happens and boom, the skylights up and you can 374 00:19:57,359 --> 00:19:59,880 Speaker 2: see it for about three days, which is very very interesting. 375 00:20:00,400 --> 00:20:03,880 Speaker 2: Lots of feedback coming in speaking of reactions and how 376 00:20:03,920 --> 00:20:06,679 Speaker 2: you might create energy, lots of feedback coming in on 377 00:20:07,920 --> 00:20:12,360 Speaker 2: zero carbon and how we might create a more sustainable 378 00:20:12,440 --> 00:20:14,719 Speaker 2: energy future in New Zealand. We'll get some of that 379 00:20:14,720 --> 00:20:17,560 Speaker 2: feedback shortly. Right now though, it is twenty two away. 380 00:20:17,280 --> 00:20:20,000 Speaker 1: From Sex Rayan Bridge. 381 00:20:19,640 --> 00:20:23,000 Speaker 2: And we're going to Dunedin with Culum Proctor Culum Larnark Castle. 382 00:20:23,080 --> 00:20:26,560 Speaker 2: Some restoration work going to happen here morning Ryan. 383 00:20:26,600 --> 00:20:30,240 Speaker 8: This is a crucial work to ensure the historic building's future. 384 00:20:30,320 --> 00:20:32,119 Speaker 2: Contractors there are on site. 385 00:20:31,960 --> 00:20:36,040 Speaker 8: The castle covered in scaffolding and it's all about making 386 00:20:36,080 --> 00:20:40,359 Speaker 8: it more water tight. They're removing the compromised tower floor 387 00:20:40,480 --> 00:20:43,720 Speaker 8: and slate bedroom roof tiles and it concerned that they 388 00:20:43,840 --> 00:20:46,720 Speaker 8: just may uncover more damage than expected. Here at the 389 00:20:46,760 --> 00:20:49,720 Speaker 8: Jadifacate day Manor Crichton says this work is key. She's 390 00:20:49,720 --> 00:20:53,560 Speaker 8: seen a lot of historic builds demolished by neglect after 391 00:20:53,600 --> 00:20:55,919 Speaker 8: failures to keep up with maintenance like this. 392 00:20:56,880 --> 00:20:59,920 Speaker 2: How's the weather today, Collum? But you good day of 393 00:21:00,119 --> 00:21:00,560 Speaker 2: the castle? 394 00:21:00,600 --> 00:21:00,840 Speaker 9: Fine? 395 00:21:00,880 --> 00:21:03,919 Speaker 8: Mostly find cloudy periods like wins the high eleven today brilliant. 396 00:21:03,960 --> 00:21:06,679 Speaker 2: Thank you Emily ansel is in christ Church this morning 397 00:21:06,800 --> 00:21:08,560 Speaker 2: with the big day for Sinlay. 398 00:21:09,160 --> 00:21:12,200 Speaker 10: Yes, definitely d day for Sinlay. The struggling South Island 399 00:21:12,280 --> 00:21:16,440 Speaker 10: dairy manufacturer decides this afternoon whether to accept a crucial 400 00:21:16,600 --> 00:21:20,119 Speaker 10: one hundred and thirty million dollar loan. Shareholders will vote 401 00:21:20,160 --> 00:21:23,960 Speaker 10: on the lifeline offer from a major Chinese shareholder, just 402 00:21:24,240 --> 00:21:27,520 Speaker 10: four days before its debt deadline. If it fails, our 403 00:21:27,600 --> 00:21:31,880 Speaker 10: third largest dairy processor will likely collapse. Federated Farmers Dairy 404 00:21:31,960 --> 00:21:35,840 Speaker 10: chair Richard McIntyre says that would leave many without a 405 00:21:35,960 --> 00:21:39,720 Speaker 10: processor in carving season. He says there's potential for another 406 00:21:39,760 --> 00:21:43,120 Speaker 10: company to jump in and take the supply, but Sinlay 407 00:21:43,119 --> 00:21:46,920 Speaker 10: Milk's closure would bring major ripple effects and stress to farmers. 408 00:21:47,040 --> 00:21:48,520 Speaker 2: All right, what's the weather going to be like for 409 00:21:48,560 --> 00:21:49,040 Speaker 2: this meeting? 410 00:21:49,560 --> 00:21:53,120 Speaker 10: Cloudy periods, patchy drizzle late evening, early morning, frost, light 411 00:21:53,160 --> 00:21:55,159 Speaker 10: winds with a high of twelve degrees. 412 00:21:55,240 --> 00:21:57,600 Speaker 2: Emily, Thank you, Max toler Is and Wellington for us 413 00:21:57,680 --> 00:22:00,440 Speaker 2: this morning. More questions about how the utter te fery 414 00:22:00,520 --> 00:22:03,360 Speaker 2: ran a ground or is it more? Answers Max, Well, 415 00:22:03,359 --> 00:22:03,960 Speaker 2: that's the point. 416 00:22:04,000 --> 00:22:06,320 Speaker 11: Really, you had the year, so you had the official 417 00:22:06,320 --> 00:22:09,280 Speaker 11: New Zealand First Twitter account posting a couple of days 418 00:22:09,280 --> 00:22:12,800 Speaker 11: ago this rumor that the intervind the ferry ran aground 419 00:22:12,800 --> 00:22:15,000 Speaker 11: because someone put it an autopilot to go get a 420 00:22:15,040 --> 00:22:16,840 Speaker 11: coffee and when they came back, they couldn't get it 421 00:22:16,960 --> 00:22:21,680 Speaker 11: off auto pilot and it effectively crashed. MZED first, copying 422 00:22:21,680 --> 00:22:24,240 Speaker 11: a lot of criticism, Chris Hipkins had to go yesterday. 423 00:22:24,320 --> 00:22:26,600 Speaker 11: Kbi Well said they got their facts wrong. Maritime New 424 00:22:26,680 --> 00:22:29,439 Speaker 11: Zealand told us its inquiries have so far found that 425 00:22:29,520 --> 00:22:32,760 Speaker 11: was not the case. But the post and newspaper reporting 426 00:22:33,320 --> 00:22:37,359 Speaker 11: that it was a mistakenly pressed execute button that sent 427 00:22:37,400 --> 00:22:39,840 Speaker 11: the ship of course and the crew could not indeed 428 00:22:39,920 --> 00:22:43,360 Speaker 11: wrestle it back from autopilot. That's an elked internal bulletin. 429 00:22:43,640 --> 00:22:46,120 Speaker 11: So whether this went to get a coffee rumor is true, 430 00:22:46,119 --> 00:22:49,639 Speaker 11: who knows. But Z First looking more justified at this point, 431 00:22:49,760 --> 00:22:51,879 Speaker 11: and as you say, we're getting a little closer to 432 00:22:51,920 --> 00:22:53,080 Speaker 11: finding out the facts. 433 00:22:52,800 --> 00:22:54,720 Speaker 2: All right, Max, Thanks for that. How's the weather today 434 00:22:54,720 --> 00:22:55,760 Speaker 2: in the Capitol A. 435 00:22:55,840 --> 00:22:59,119 Speaker 11: Cloudy period's the odd shower mostly after midday, southerly's eleven 436 00:22:59,160 --> 00:22:59,760 Speaker 11: the high. 437 00:23:00,200 --> 00:23:02,280 Speaker 2: Thanks so much. Never ready moneyed with us in Auckland 438 00:23:02,320 --> 00:23:05,040 Speaker 2: this morning good morning, Good morning, some Auckland roads have 439 00:23:05,080 --> 00:23:05,760 Speaker 2: had a makeover. 440 00:23:05,960 --> 00:23:08,359 Speaker 12: Yes, now, I know this isn't breaking news because you 441 00:23:08,400 --> 00:23:10,959 Speaker 12: know here in Auckland, it's just like Cone City, isn't it. 442 00:23:11,119 --> 00:23:13,760 Speaker 12: But Auckland Transport has come up with these numbers. They're 443 00:23:13,760 --> 00:23:18,160 Speaker 12: saying resurface more than four hundred kilometers of the region's roads. Now, 444 00:23:18,200 --> 00:23:21,119 Speaker 12: this is part of the summer road reno which they 445 00:23:21,160 --> 00:23:23,960 Speaker 12: committed to last year kind of like ending in June. 446 00:23:24,040 --> 00:23:26,440 Speaker 12: So this is the news that they're saying, Hey, hey, 447 00:23:26,520 --> 00:23:30,080 Speaker 12: we've done four hundred kilometers. Ellen Wallace is the road Esset, 448 00:23:30,160 --> 00:23:32,879 Speaker 12: Maintenance and Renewals manager. He says, look, this is the 449 00:23:32,920 --> 00:23:35,320 Speaker 12: biggest program of work that they've done since twenty eighteen. 450 00:23:35,440 --> 00:23:41,520 Speaker 12: But but but there's seven five hundred kilometers still. 451 00:23:42,040 --> 00:23:43,040 Speaker 2: To go in total. 452 00:23:43,359 --> 00:23:45,400 Speaker 12: So he's saying, hey, there's plenty of work to do. 453 00:23:45,520 --> 00:23:47,520 Speaker 12: So they've got a huge backlog. As if we didn't 454 00:23:47,560 --> 00:23:50,520 Speaker 12: know that, we wouldn't know ourselves. No, once things are normal, no, 455 00:23:50,760 --> 00:23:53,239 Speaker 12: I mean, you know everyone, what will that look like? 456 00:23:53,359 --> 00:23:55,320 Speaker 2: That'll take them a few summers to get through that, 457 00:23:55,320 --> 00:23:57,600 Speaker 2: that's for sure. Speaking of summers, what's the weather looking 458 00:23:57,640 --> 00:23:58,040 Speaker 2: like today? 459 00:23:58,080 --> 00:24:01,719 Speaker 12: Fine morning, cloud morning, frost shelter places for Auckland. Do 460 00:24:01,800 --> 00:24:05,160 Speaker 12: you believe it? A high fourteen four is the load tonight, 461 00:24:05,200 --> 00:24:06,560 Speaker 12: so it's pretty chilly for Auckland. 462 00:24:06,680 --> 00:24:08,600 Speaker 2: Bit nippy all right, thank you so much. Never ready 463 00:24:08,640 --> 00:24:10,800 Speaker 2: money with us in Auckland this morning. It has just 464 00:24:10,800 --> 00:24:13,400 Speaker 2: gone eighteen minutes away from six o'clock when we come back. 465 00:24:13,440 --> 00:24:17,119 Speaker 2: We're live to the United States with Catherine Ferkin. Lots 466 00:24:17,119 --> 00:24:19,720 Speaker 2: of you texting in in reply to I think it 467 00:24:19,800 --> 00:24:22,760 Speaker 2: was Bob earlier that was it an earthquake? Was it 468 00:24:22,800 --> 00:24:26,120 Speaker 2: a big truck in Dunedin and Otago? I can tell 469 00:24:26,160 --> 00:24:30,800 Speaker 2: you that earthquake details five twenty am, five kilometers southwest 470 00:24:30,800 --> 00:24:33,640 Speaker 2: of all i'madu shaking was felt. It was a weak 471 00:24:33,920 --> 00:24:37,840 Speaker 2: magnitude of two point six at a depth of six kilometers. 472 00:24:37,840 --> 00:24:40,440 Speaker 2: Thank you for that text, Rob. We're back in a second. 473 00:24:40,720 --> 00:24:44,639 Speaker 1: International correspondence with Ends and Eye Insurance. Peace of mind 474 00:24:44,680 --> 00:24:46,560 Speaker 1: for New Zealand business. 475 00:24:47,880 --> 00:24:50,520 Speaker 2: And this is great about building costs coming down? Are 476 00:24:50,520 --> 00:24:54,080 Speaker 2: we ever going to get offered fixed price contracts like 477 00:24:54,160 --> 00:24:57,040 Speaker 2: they do overseas for new builds so that the costs 478 00:24:57,080 --> 00:24:59,680 Speaker 2: don't blow out? And then you're on the hook. There 479 00:24:59,720 --> 00:25:02,120 Speaker 2: is a good question we could put that to the 480 00:25:02,640 --> 00:25:04,480 Speaker 2: master builders that we had on earlier in the program 481 00:25:04,480 --> 00:25:06,159 Speaker 2: and put it to the next time. Thanks for your message. 482 00:25:06,280 --> 00:25:09,879 Speaker 2: At just gone sixteen away from six o'clock. Right now, 483 00:25:09,920 --> 00:25:12,919 Speaker 2: we're going to Catherine Ferkin, a US correspondent, because the 484 00:25:12,960 --> 00:25:17,760 Speaker 2: first Democratic Senator has questioned President Joe Biden's election chances. 485 00:25:17,800 --> 00:25:20,600 Speaker 2: It comes as Nancy Pelosi has weighed into this in 486 00:25:20,600 --> 00:25:24,159 Speaker 2: an awkward way too for Joe Biden. Catherine, Good morning. 487 00:25:24,240 --> 00:25:25,000 Speaker 2: What's the latest? 488 00:25:26,040 --> 00:25:29,119 Speaker 9: Yeah, good morning, Ryan. Well, it just really keeps getting 489 00:25:29,160 --> 00:25:31,840 Speaker 9: worse for Joe Biden, doesn't it. I mean, now we're 490 00:25:31,880 --> 00:25:35,440 Speaker 9: basically a fortnight out from that disastrous debate between the 491 00:25:35,560 --> 00:25:38,920 Speaker 9: President and Donald Trump, and just nothing that he does 492 00:25:39,119 --> 00:25:41,639 Speaker 9: seems to be helping him in terms of improving his 493 00:25:41,800 --> 00:25:45,520 Speaker 9: standing amongst the American public. You know, since the debate, 494 00:25:45,560 --> 00:25:48,200 Speaker 9: we saw him, we've seen him out on the campaign trail, 495 00:25:48,240 --> 00:25:51,480 Speaker 9: We've seen him call up radio stations and TV stations, 496 00:25:51,800 --> 00:25:54,720 Speaker 9: We've seen him do a whole sit down TV interview 497 00:25:54,800 --> 00:25:58,240 Speaker 9: about what went wrong, and none of this is resonating 498 00:25:58,240 --> 00:26:01,520 Speaker 9: with voters. None of it is changing people's minds. Now, 499 00:26:01,560 --> 00:26:05,000 Speaker 9: as you mentioned today, we've heard from the first Democratic 500 00:26:05,040 --> 00:26:09,119 Speaker 9: senator who's spoken out with really the most damning comments yet. 501 00:26:09,480 --> 00:26:12,680 Speaker 9: Colorado's Michael Bennett says he fears his part and could 502 00:26:12,720 --> 00:26:16,159 Speaker 9: lose in a landslide to Donald Trump if Joe Biden 503 00:26:16,320 --> 00:26:19,439 Speaker 9: stays on the ticket. The language he used was really, 504 00:26:19,480 --> 00:26:22,320 Speaker 9: really strong. He says he believes Donald Trump is on 505 00:26:22,440 --> 00:26:25,439 Speaker 9: track to win November's election, and he's worried that he 506 00:26:25,480 --> 00:26:27,919 Speaker 9: will take both the Senate and the House if the 507 00:26:27,960 --> 00:26:32,000 Speaker 9: Democrats don't make a drastic change. Interestingly, he didn't actually 508 00:26:32,000 --> 00:26:35,080 Speaker 9: call for Biden to step down, but rather he said 509 00:26:35,760 --> 00:26:39,040 Speaker 9: the party itself now has a moral obligation to do 510 00:26:39,240 --> 00:26:42,320 Speaker 9: everything it can to stop Trump from returning to the 511 00:26:42,359 --> 00:26:45,480 Speaker 9: White House. You mentioned Nancy Pelosi there in the intro. 512 00:26:45,640 --> 00:26:49,159 Speaker 9: She's also given some really quite awkward comments about the 513 00:26:49,160 --> 00:26:51,560 Speaker 9: fact that time is running out for Biden to make 514 00:26:51,600 --> 00:26:55,879 Speaker 9: a decision. We've also heard from actor and Democratic donor 515 00:26:55,920 --> 00:26:59,000 Speaker 9: George Clooney today. He published a guest sa in The 516 00:26:59,000 --> 00:27:03,200 Speaker 9: New York Times basically saying we need a new nominee. Now. 517 00:27:03,200 --> 00:27:06,080 Speaker 9: This is particularly strong because Clooney is a longtime friend 518 00:27:06,320 --> 00:27:10,560 Speaker 9: of Biden's and he's outwardly passionate about the Democrats that 519 00:27:10,640 --> 00:27:12,879 Speaker 9: He says that Joe Biden I was with three weeks 520 00:27:12,880 --> 00:27:15,959 Speaker 9: ago at the fundraiser was not the Joe big effing 521 00:27:16,200 --> 00:27:20,320 Speaker 9: deal Biden of twenty ten. So unfortunately for Biden, I 522 00:27:20,320 --> 00:27:24,200 Speaker 9: mean all the signs appointing to exit stage left. 523 00:27:24,320 --> 00:27:26,440 Speaker 2: Ryan Catherine, thank you very much for that. Our US 524 00:27:26,480 --> 00:27:29,320 Speaker 2: correspondent Katherine Ferkin with US Live from the United States, 525 00:27:29,359 --> 00:27:32,840 Speaker 2: twelve away from six. Very quickly from that, George Clooney 526 00:27:32,880 --> 00:27:35,560 Speaker 2: op ed, he says, and this is the death now. 527 00:27:35,600 --> 00:27:38,120 Speaker 2: I think for Joe Biden. We're not going to win 528 00:27:38,160 --> 00:27:40,639 Speaker 2: in November with this president. On top of that, we 529 00:27:40,720 --> 00:27:42,600 Speaker 2: won't win the House. We're not and we're going to 530 00:27:42,600 --> 00:27:45,320 Speaker 2: lose the Senate. This isn't only my opinion, this is 531 00:27:45,320 --> 00:27:48,560 Speaker 2: an interesting but this is the opinion of every Senator 532 00:27:48,640 --> 00:27:52,400 Speaker 2: and congress member and governor that I've spoken with in private, 533 00:27:52,920 --> 00:27:56,840 Speaker 2: every single one, irrespective of what he or she is 534 00:27:56,880 --> 00:28:00,159 Speaker 2: saying publicly, that is damning. It's eleven away four on 535 00:28:00,240 --> 00:28:05,120 Speaker 2: six o'clock here on zb Bridge Rich positive news from 536 00:28:05,119 --> 00:28:07,840 Speaker 2: the Reserve Bank. Despite the OCR remaining unchanged at five 537 00:28:07,880 --> 00:28:11,320 Speaker 2: point five percent, It's hinted that interest rate cuts could 538 00:28:11,359 --> 00:28:14,600 Speaker 2: be closer than previously thought. The RB and Z said 539 00:28:14,600 --> 00:28:16,960 Speaker 2: they expect inflation to drop within the target of one 540 00:28:17,000 --> 00:28:20,520 Speaker 2: to three percent later this year. It follows wide expectations 541 00:28:20,520 --> 00:28:24,720 Speaker 2: that interest rates would remain unchanged until next year. Sharon 542 00:28:24,800 --> 00:28:27,320 Speaker 2: Zomer is the A and Z Chief economist and is 543 00:28:27,320 --> 00:28:29,640 Speaker 2: with me now, Sharon, good morning. Has this changed your 544 00:28:29,760 --> 00:28:32,000 Speaker 2: view on when you think a rate cut might happen? 545 00:28:33,400 --> 00:28:35,159 Speaker 13: Well, it was that bank was pretty careful to leave 546 00:28:35,200 --> 00:28:38,840 Speaker 13: all their options open. That comment about inflation falling back 547 00:28:38,840 --> 00:28:40,360 Speaker 13: in the band by the end of the year wasn't 548 00:28:40,400 --> 00:28:43,520 Speaker 13: actually you, but a couple of they did rehisterate they're 549 00:28:43,560 --> 00:28:46,160 Speaker 13: willing to change their mind, which of course they always 550 00:28:46,160 --> 00:28:50,280 Speaker 13: are and should be, but noted that rates will evolve 551 00:28:50,280 --> 00:28:52,600 Speaker 13: according to the conditions and that they've noted that the 552 00:28:52,800 --> 00:28:57,479 Speaker 13: recent data has been weaker, so certainly that the market 553 00:28:57,560 --> 00:28:59,560 Speaker 13: jumped on it. We'd see it as tilting and the 554 00:28:59,680 --> 00:29:03,480 Speaker 13: risk a little bit towards earlier cuts. But essentially it's 555 00:29:03,480 --> 00:29:06,120 Speaker 13: going to be the data that decides, and we've got 556 00:29:06,160 --> 00:29:10,120 Speaker 13: the inflation data next week, so with that and down 557 00:29:10,160 --> 00:29:12,960 Speaker 13: the track, the Reserve Bank was never going to come 558 00:29:12,960 --> 00:29:16,040 Speaker 13: out with a really really strong view because you know, 559 00:29:16,080 --> 00:29:17,920 Speaker 13: why would you when you could look a bit silly 560 00:29:17,920 --> 00:29:21,000 Speaker 13: a week later. So I think that's going to really 561 00:29:21,560 --> 00:29:23,760 Speaker 13: be a very very important piece of data. 562 00:29:23,800 --> 00:29:26,760 Speaker 2: And are you following the same strategy. 563 00:29:28,160 --> 00:29:31,000 Speaker 4: Pretty much what the data is. 564 00:29:31,080 --> 00:29:34,160 Speaker 13: Yeah, yeah, Well it's really really important because in the 565 00:29:34,160 --> 00:29:38,480 Speaker 13: main monetary policy statements, the Reserve Bank decided that, gosh, 566 00:29:38,520 --> 00:29:40,720 Speaker 13: maybe this economy is just so unfit it can't run 567 00:29:40,840 --> 00:29:43,680 Speaker 13: very fast at all without overheating and generating inflation. So 568 00:29:44,040 --> 00:29:46,720 Speaker 13: they revised down their growth forecast. At the same time, 569 00:29:46,800 --> 00:29:50,320 Speaker 13: they revised up their inflation forecast pushed out their estimate 570 00:29:50,360 --> 00:29:51,760 Speaker 13: of when they'll be cutting. So it was like a 571 00:29:51,800 --> 00:29:55,480 Speaker 13: triple header of bad news. So hopefully we'll get some 572 00:29:55,520 --> 00:29:58,120 Speaker 13: better news next week that will make the Reserve Bank 573 00:29:58,160 --> 00:29:59,680 Speaker 13: more confident than they are winning the. 574 00:29:59,600 --> 00:30:03,520 Speaker 2: Battle to hold your tongue. Hey, a hypothetical one for you. 575 00:30:03,680 --> 00:30:06,160 Speaker 2: If they were to drop this talk would be twenty 576 00:30:06,160 --> 00:30:09,280 Speaker 2: five basis points. What would be the real impact on 577 00:30:09,480 --> 00:30:12,680 Speaker 2: mortgage interest rates? What would the time lay be for people? 578 00:30:12,760 --> 00:30:14,760 Speaker 2: Just so that they can get an idea in their head. 579 00:30:16,080 --> 00:30:19,280 Speaker 13: Well, actually it's the Reserve Bank only controls the overnight 580 00:30:19,400 --> 00:30:22,680 Speaker 13: interest rate, which feeds into the floating mortgage rate, but 581 00:30:23,080 --> 00:30:25,120 Speaker 13: the interest rates out one year, two year, even out 582 00:30:25,120 --> 00:30:28,560 Speaker 13: of forrest three years. That is actually determined mostly by 583 00:30:28,560 --> 00:30:32,000 Speaker 13: what the market expects the Reserve Bank to do, and 584 00:30:32,200 --> 00:30:36,480 Speaker 13: that actually changed yesterday quite a bit. The markets will 585 00:30:36,480 --> 00:30:38,600 Speaker 13: make it will come and go a little bit, and 586 00:30:38,600 --> 00:30:40,400 Speaker 13: the data next week will be important, as I said, 587 00:30:40,440 --> 00:30:43,400 Speaker 13: but certainly in the hour following what the Reserve Bank 588 00:30:43,440 --> 00:30:46,960 Speaker 13: said yesterday, rates dropped a lot, so you could potentially 589 00:30:47,000 --> 00:30:49,920 Speaker 13: see mortgage rates to fall well in advance of when 590 00:30:49,920 --> 00:30:52,880 Speaker 13: the Reserve Bank actually moves the official cash rates, just 591 00:30:53,000 --> 00:30:55,480 Speaker 13: as the symmetric situation to when the Reserve Bank was 592 00:30:55,560 --> 00:30:59,760 Speaker 13: hiking and you saw fax rates mortgages increase well before 593 00:31:00,040 --> 00:31:03,600 Speaker 13: the ocup. On the other side, the sex mortgage rates, 594 00:31:03,640 --> 00:31:07,120 Speaker 13: I'd like you to come down before they actually start cutting. 595 00:31:07,400 --> 00:31:09,120 Speaker 2: All right, Sharon, thank you very much for that update. 596 00:31:09,120 --> 00:31:10,880 Speaker 2: Great to have you on the show. Sharon Zolner, the 597 00:31:10,880 --> 00:31:15,000 Speaker 2: A and Z Chief economist, holding her tongue staying mum, 598 00:31:15,200 --> 00:31:17,080 Speaker 2: just for now until we get more data, and we 599 00:31:17,120 --> 00:31:20,040 Speaker 2: will get inflation data. I think next week, isn't it, Sharon, 600 00:31:20,080 --> 00:31:23,280 Speaker 2: with you to get the next round. Yes, that's right, yep, 601 00:31:23,280 --> 00:31:25,680 Speaker 2: all right, we'll look forward to talking to you then. Sharon, 602 00:31:25,760 --> 00:31:29,800 Speaker 2: Zoler with us from the chief economist at A and Z. 603 00:31:30,080 --> 00:31:32,840 Speaker 2: It's just gone eight minutes away from six o'clock here 604 00:31:32,840 --> 00:31:34,520 Speaker 2: on News Talk ZB. We'll get to some of your 605 00:31:34,520 --> 00:31:39,120 Speaker 2: feedback in just a few moments. Also another another we 606 00:31:39,400 --> 00:31:43,640 Speaker 2: comment on the three page climate change plan the government 607 00:31:43,640 --> 00:31:44,440 Speaker 2: put out yesterday. 608 00:31:44,480 --> 00:31:49,440 Speaker 1: That's next on your radio and online on iHeartRadio early 609 00:31:49,600 --> 00:31:53,360 Speaker 1: edition with Ryan Bridge and Smith City, New Zealand's Furniture 610 00:31:53,400 --> 00:31:54,640 Speaker 1: Bids and a playing Store. 611 00:31:54,800 --> 00:31:57,800 Speaker 2: News Talk zed B six to six. So the three 612 00:31:57,840 --> 00:32:02,280 Speaker 2: page climate goal setting exercise that the government did yesterday, 613 00:32:02,440 --> 00:32:04,200 Speaker 2: all of the climate activists came out and said, wow, 614 00:32:04,280 --> 00:32:07,160 Speaker 2: that's to hide an MB report which is really really bad. 615 00:32:07,600 --> 00:32:09,680 Speaker 2: And the NBA report said, actually, we're going to pump 616 00:32:09,680 --> 00:32:12,400 Speaker 2: a whole lot more emissions into the atmosphere because we 617 00:32:12,480 --> 00:32:15,719 Speaker 2: are going for oil and gas. Again that same report, 618 00:32:15,920 --> 00:32:18,160 Speaker 2: it must be said, and Thomas Coglan from the Herald 619 00:32:18,160 --> 00:32:20,880 Speaker 2: points of this out. It noted that the policy also 620 00:32:21,040 --> 00:32:25,560 Speaker 2: has virtues. Using more gas would mean burning less coal, 621 00:32:25,760 --> 00:32:29,440 Speaker 2: which emits far more co two. They also said that 622 00:32:29,480 --> 00:32:33,080 Speaker 2: more gas would also mean a more stable electricity market, 623 00:32:33,120 --> 00:32:36,080 Speaker 2: which would encourage electrification. So there are upsides to this 624 00:32:36,280 --> 00:32:39,080 Speaker 2: as well. It is five away from six. Now Andrew 625 00:32:39,120 --> 00:32:41,480 Speaker 2: Dickens is with you after six. Good morning, coome onning 626 00:32:41,480 --> 00:32:41,600 Speaker 2: to you. 627 00:32:42,040 --> 00:32:44,120 Speaker 3: Burned you could have burned something to do something. Have 628 00:32:44,200 --> 00:32:45,959 Speaker 3: you ever noticed that you've got to dig something out 629 00:32:46,000 --> 00:32:48,000 Speaker 3: of the ground to make everything? And where did your 630 00:32:48,040 --> 00:32:50,080 Speaker 3: Where did your shirt come from? Where did you shoes 631 00:32:50,120 --> 00:32:54,080 Speaker 3: come from? Everything comes from the earth. Medicines, chemicals, everything 632 00:32:54,120 --> 00:32:56,640 Speaker 3: comes from the earth. So and energy it comes from 633 00:32:56,640 --> 00:33:00,440 Speaker 3: the sun and it comes from burning stuff. Yay for 634 00:33:00,640 --> 00:33:03,400 Speaker 3: water and hydro electric, but yeah, you've got to burn 635 00:33:03,440 --> 00:33:06,640 Speaker 3: something absolutely and weave for water and hydro electric. 636 00:33:06,680 --> 00:33:09,840 Speaker 2: But at some point you know there's there are black spots, 637 00:33:09,840 --> 00:33:11,760 Speaker 2: aren't there? And fill them? That's all right. What's on 638 00:33:11,760 --> 00:33:12,480 Speaker 2: the big show today? 639 00:33:12,520 --> 00:33:14,960 Speaker 3: Well, the glimmer of hope for interest rates obviously because 640 00:33:15,000 --> 00:33:19,360 Speaker 3: of what about sex change words. Construction costs are coming down, 641 00:33:19,920 --> 00:33:22,600 Speaker 3: so this is good news. And there's that leak safety 642 00:33:22,600 --> 00:33:25,520 Speaker 3: bulletin about the grounding of the art of Teddy. So 643 00:33:25,600 --> 00:33:28,200 Speaker 3: we're going to talk to wins Peters, whose party did 644 00:33:28,200 --> 00:33:29,760 Speaker 3: the tweet in the first place, or the X or 645 00:33:29,800 --> 00:33:32,480 Speaker 3: whatever you call it, and he's got stuff to say. 646 00:33:32,480 --> 00:33:34,560 Speaker 3: Now he's had a look at the safety bulletin and 647 00:33:34,600 --> 00:33:37,040 Speaker 3: he's you know, he's acting Prime minister right now. So 648 00:33:37,320 --> 00:33:38,320 Speaker 3: that's at seven thirty five. 649 00:33:38,440 --> 00:33:40,920 Speaker 2: We were debating whether the person was going to make 650 00:33:40,960 --> 00:33:44,360 Speaker 2: a coffee. Well you would. I had some theories on that. 651 00:33:44,400 --> 00:33:45,200 Speaker 3: I'll tell you that later. 652 00:33:45,280 --> 00:33:48,520 Speaker 2: Yeah, because I think you would push the autopilot to 653 00:33:48,560 --> 00:33:50,320 Speaker 2: go to the toilet, but not to make a coffee. 654 00:33:50,360 --> 00:33:55,080 Speaker 3: You're going to push that oiler pilot for five long seconds, ah, 655 00:33:55,520 --> 00:33:58,200 Speaker 3: which is interesting. So you've got to know what you're doing, 656 00:33:58,920 --> 00:34:01,680 Speaker 3: and you've got to do it purposefully. It's not like, oh, no, 657 00:34:01,840 --> 00:34:03,240 Speaker 3: I push there or no pilot. 658 00:34:03,320 --> 00:34:07,040 Speaker 2: No, it's a it's a it's a purposeful push. All right. 659 00:34:08,120 --> 00:34:10,200 Speaker 2: Andrew dickens with you after six o'clock. That's it for 660 00:34:10,239 --> 00:34:11,120 Speaker 2: me for this morning. 661 00:34:11,640 --> 00:34:15,360 Speaker 1: See you tomorrow for more from News Talks ed B 662 00:34:15,680 --> 00:34:18,920 Speaker 1: listen live on air or online, and keep our shows 663 00:34:18,920 --> 00:34:22,280 Speaker 1: with you wherever you go with our podcasts on iHeartRadio