1 00:00:00,600 --> 00:00:04,920 Speaker 1: The issues, the interviews and the insight. Ryan Bridge on 2 00:00:05,120 --> 00:00:09,520 Speaker 1: early edition with Spark for business Technology that keeps business moving, 3 00:00:09,760 --> 00:00:10,760 Speaker 1: news talks, there'd be. 4 00:00:10,800 --> 00:00:12,959 Speaker 2: Good morning, six after five. Great to have your company. 5 00:00:13,160 --> 00:00:15,240 Speaker 2: Got some breaking news just out in the last few minutes. 6 00:00:15,240 --> 00:00:18,680 Speaker 2: The Iranians say they've closed the strait already because well, 7 00:00:18,800 --> 00:00:22,079 Speaker 2: Israel's still bombing Lebanon. White House brief and getting underway 8 00:00:22,120 --> 00:00:24,239 Speaker 2: shortly will keep you across that. Plus Mitch mccam with 9 00:00:24,360 --> 00:00:26,280 Speaker 2: us from New York. We've got to form a Navy 10 00:00:26,360 --> 00:00:30,560 Speaker 2: chief on the military objectives here, drugs everywhere at Auckland Airport, 11 00:00:30,680 --> 00:00:33,320 Speaker 2: and the co Op Bank boss on the OCN. 12 00:00:34,600 --> 00:00:35,320 Speaker 1: The agenda. 13 00:00:35,520 --> 00:00:37,400 Speaker 2: It is Thursday, the night of eight befil The spin 14 00:00:37,520 --> 00:00:40,080 Speaker 2: begins on the ceasefire. His headset this morning. 15 00:00:40,440 --> 00:00:44,080 Speaker 3: President Trump had the power to cripple Iran's entire economy 16 00:00:44,240 --> 00:00:47,839 Speaker 3: in minutes, but he chose mercy. He spared those targets 17 00:00:47,840 --> 00:00:52,800 Speaker 3: because Iran accepted the ceasefire under overwhelming pressure. This new 18 00:00:52,840 --> 00:00:56,360 Speaker 3: regime was out of options and out of time, so 19 00:00:56,400 --> 00:00:57,040 Speaker 3: they cut a deal. 20 00:00:57,200 --> 00:00:59,280 Speaker 2: The Iranians, along with a whole bunch of other people 21 00:00:59,280 --> 00:01:00,959 Speaker 2: in the world, quite skeptical about all of. 22 00:01:00,880 --> 00:01:02,680 Speaker 4: This is America's nature ever change. 23 00:01:02,720 --> 00:01:04,840 Speaker 5: I don't know why they accept it as always they 24 00:01:04,880 --> 00:01:06,200 Speaker 5: want to buy time for Israel. 25 00:01:06,440 --> 00:01:10,959 Speaker 1: America can't be trusted as long as a Security Council resolution. 26 00:01:10,680 --> 00:01:13,840 Speaker 6: Is not issued in reparations not peed, it can't be 27 00:01:13,959 --> 00:01:14,679 Speaker 6: trusted at all. 28 00:01:14,800 --> 00:01:16,640 Speaker 2: So they said the Strait is going to open. Now 29 00:01:16,680 --> 00:01:18,920 Speaker 2: they are saying state media and around that the Strait 30 00:01:18,959 --> 00:01:22,840 Speaker 2: will close because the Israeli still bombing Lebanon Starma before 31 00:01:22,880 --> 00:01:25,120 Speaker 2: that happened. Said that, don't worry. I'm on the job, 32 00:01:25,160 --> 00:01:25,559 Speaker 2: and it's. 33 00:01:25,520 --> 00:01:27,880 Speaker 7: Very important that we get the straight upol moves open. 34 00:01:27,959 --> 00:01:29,640 Speaker 7: There's a lot of work to do there. We've been 35 00:01:29,720 --> 00:01:32,800 Speaker 7: convening a number of countries. I now get the opportunity 36 00:01:33,160 --> 00:01:36,720 Speaker 7: here in Saui Arabia and countries nearby in the region 37 00:01:37,160 --> 00:01:40,399 Speaker 7: to have their discussions, to coordinate our actions and to 38 00:01:40,480 --> 00:01:43,480 Speaker 7: go forward collectively in pursuit of those two missions. 39 00:01:43,480 --> 00:01:45,360 Speaker 2: In other news in the US, have you heard of 40 00:01:45,400 --> 00:01:47,920 Speaker 2: the Long Island serial killer? There was a Netflix show 41 00:01:47,920 --> 00:01:51,200 Speaker 2: about it, plenty of podcasts about it. Absolutely horrific. Happened 42 00:01:51,240 --> 00:01:55,520 Speaker 2: over decades and the guy, a New York architect who 43 00:01:55,600 --> 00:01:59,520 Speaker 2: they thought was responsible, has now pleaded guilty to the 44 00:01:59,560 --> 00:02:03,600 Speaker 2: deaths of eight women in Gilgo Beach. Rix Human is 45 00:02:03,640 --> 00:02:06,520 Speaker 2: his name. He's agreed to several life sentences without the 46 00:02:06,560 --> 00:02:07,680 Speaker 2: possibility of parole. 47 00:02:08,120 --> 00:02:10,760 Speaker 8: We are told from our team inside court that it 48 00:02:10,880 --> 00:02:13,480 Speaker 8: is very tense in there. We are told that his 49 00:02:13,639 --> 00:02:17,400 Speaker 8: ex wife is leaning forward in her chair, holding tissues, 50 00:02:17,440 --> 00:02:20,760 Speaker 8: almost bracing herself on the chair in front of her. 51 00:02:21,400 --> 00:02:23,680 Speaker 8: The families of the victims are also there too. We 52 00:02:23,760 --> 00:02:25,720 Speaker 8: are told it is packed. 53 00:02:27,280 --> 00:02:29,960 Speaker 1: The news you need this morning and the in depth 54 00:02:29,960 --> 00:02:33,880 Speaker 1: analysis earlier. This ship with Ryan Bridge and Spunk for 55 00:02:34,000 --> 00:02:37,320 Speaker 1: business technology that keeps business moving, news talks. 56 00:02:37,360 --> 00:02:39,639 Speaker 2: It be just gone eight minutes alf to five. Nice 57 00:02:39,639 --> 00:02:41,680 Speaker 2: to have your company this morning. Nine two ninety two 58 00:02:41,840 --> 00:02:44,920 Speaker 2: is the numbers of text. This was Trump back in 59 00:02:44,960 --> 00:02:47,440 Speaker 2: February announcing the war with Iran. 60 00:02:47,840 --> 00:02:53,160 Speaker 6: A short time ago, the United States military began major 61 00:02:53,240 --> 00:02:59,440 Speaker 6: combat operations in Iran. Our objective is to defend the 62 00:02:59,480 --> 00:03:05,280 Speaker 6: American people by eliminating eminent threats from the Iranian regime, 63 00:03:05,919 --> 00:03:10,880 Speaker 6: a vicious group of very hard, terrible people. 64 00:03:11,160 --> 00:03:14,160 Speaker 2: Right, So has he got what he wanted? You know 65 00:03:14,240 --> 00:03:18,919 Speaker 2: what has the United States gained from thirteen thousand strikes 66 00:03:18,960 --> 00:03:21,320 Speaker 2: on targets inside of Iran. Well, if you look at 67 00:03:21,320 --> 00:03:23,519 Speaker 2: the ten point plan, and by the way, the ten 68 00:03:23,520 --> 00:03:25,320 Speaker 2: point Plan is a bit like the treaty, you know, 69 00:03:25,440 --> 00:03:28,520 Speaker 2: two different versions. The Americans are now saying that there 70 00:03:28,520 --> 00:03:30,600 Speaker 2: are two versions of a ten point plan, and they're 71 00:03:30,639 --> 00:03:32,240 Speaker 2: working off a different one to the one that the 72 00:03:32,280 --> 00:03:33,840 Speaker 2: media has got their hands on, the one that the 73 00:03:33,880 --> 00:03:36,400 Speaker 2: Iranians are putting out there. So who even knows at 74 00:03:36,400 --> 00:03:40,400 Speaker 2: this point. But if you buy what the Iranian version 75 00:03:40,440 --> 00:03:43,200 Speaker 2: or the one that's in the media, there's a guarantee 76 00:03:43,200 --> 00:03:46,480 Speaker 2: of non aggression. Yeap okay, understandable. You need that for 77 00:03:46,520 --> 00:03:49,040 Speaker 2: a ceasefire, and the Iranians reckon you get China and 78 00:03:49,120 --> 00:03:53,920 Speaker 2: Russia to mediate, Lord help us. Iran will continue to 79 00:03:53,920 --> 00:03:56,480 Speaker 2: control the Strait of Hormus. Well they never did beforehand, 80 00:03:56,640 --> 00:03:59,720 Speaker 2: and now apparently they do. And there's talk of a 81 00:03:59,800 --> 00:04:02,800 Speaker 2: three and a half million dollar toll. You thought the 82 00:04:02,840 --> 00:04:04,760 Speaker 2: tolls going north of Auckland were going to be bad, 83 00:04:04,800 --> 00:04:06,320 Speaker 2: wait till you try and get through the Strait of 84 00:04:06,320 --> 00:04:10,360 Speaker 2: Horn Moves accepting an Iranian right to enrich uranium. This 85 00:04:10,520 --> 00:04:13,240 Speaker 2: was the whole point. We were meant to go in 86 00:04:13,280 --> 00:04:16,000 Speaker 2: there and get the uranium out, the enriched uranium out 87 00:04:16,040 --> 00:04:20,120 Speaker 2: and they won't have a nuclear weapon. Well, there's wiggle 88 00:04:20,200 --> 00:04:23,560 Speaker 2: room here, apparently, because Obama did that deal. Remember Trump 89 00:04:23,640 --> 00:04:25,240 Speaker 2: came in and ripped it up. But Obama did a 90 00:04:25,279 --> 00:04:29,440 Speaker 2: deal with the Iranians over enriched uranium and nuclear weapons, 91 00:04:30,160 --> 00:04:32,920 Speaker 2: and it looks like he probably got a better deal 92 00:04:32,920 --> 00:04:35,120 Speaker 2: than Trump got by bombing the place. Anyway, we'll have 93 00:04:35,120 --> 00:04:37,480 Speaker 2: to wait and see what happens with that. Sanctions will 94 00:04:37,520 --> 00:04:42,240 Speaker 2: be lifted according to this termination of all Security Council resolutions. 95 00:04:42,279 --> 00:04:46,200 Speaker 2: They even want reparations for the damaged calls during the war. 96 00:04:46,920 --> 00:04:49,840 Speaker 2: But interestingly, and this is a crucial point for all 97 00:04:49,880 --> 00:04:52,640 Speaker 2: those Golf States because you know they just the Iranians 98 00:04:52,680 --> 00:04:55,599 Speaker 2: went Kamakazi on the Golf States and just throwing drones 99 00:04:55,640 --> 00:04:59,839 Speaker 2: in the air. That according to this, there'll be with 100 00:05:00,080 --> 00:05:02,520 Speaker 2: draw all of US combat forces from the region. Now 101 00:05:02,560 --> 00:05:04,880 Speaker 2: there's about forty thousand troops in the Middle East from 102 00:05:04,920 --> 00:05:07,880 Speaker 2: the US right now. What happens to them? And you 103 00:05:07,920 --> 00:05:09,920 Speaker 2: can't just pull them out because the Gulf States will 104 00:05:09,960 --> 00:05:13,160 Speaker 2: be so vulnerable. They've just shown that they are basically 105 00:05:13,320 --> 00:05:16,719 Speaker 2: quite susceptible to a drone or two over the border. 106 00:05:17,480 --> 00:05:20,080 Speaker 2: So there you go. What have we achieved where? Actually 107 00:05:20,080 --> 00:05:22,760 Speaker 2: have we achieved anything? Is the question this morning? Is 108 00:05:22,839 --> 00:05:26,760 Speaker 2: this ceasefire even going to hold? And Allah only knows? 109 00:05:26,920 --> 00:05:30,760 Speaker 2: Eleven after five Ryan Bridge, Next, we'll talk what we 110 00:05:30,800 --> 00:05:33,800 Speaker 2: can talk about, which is the OCR and what we 111 00:05:34,160 --> 00:05:37,000 Speaker 2: can control in New Zealand is the OCR. So we'll 112 00:05:37,000 --> 00:05:38,960 Speaker 2: talk about that with the co Op bank Boss. 113 00:05:39,000 --> 00:05:43,720 Speaker 1: Next, get ahead of the headlines on a early edition 114 00:05:44,000 --> 00:05:48,159 Speaker 1: with Ryan Bridge and Spark for Business Technology that keeps 115 00:05:48,240 --> 00:05:50,360 Speaker 1: Business Moving News TALKS'B. 116 00:05:50,000 --> 00:05:52,320 Speaker 2: Five point thirteen on News Talks. B would love to 117 00:05:52,360 --> 00:05:54,680 Speaker 2: hear from some farmers this morning. Nine two ninety two 118 00:05:54,760 --> 00:05:57,080 Speaker 2: is the number to text because fed farmers reckon that 119 00:05:57,120 --> 00:06:00,000 Speaker 2: there are fuel shortages despite what we're being told from 120 00:06:00,040 --> 00:06:01,839 Speaker 2: the Podium of Truth that we don't call the Podium 121 00:06:01,880 --> 00:06:04,720 Speaker 2: of Truth because it's not COVID anymore. But despite what 122 00:06:04,839 --> 00:06:07,160 Speaker 2: we've been told, there are fuel shortages going on, and 123 00:06:07,240 --> 00:06:09,640 Speaker 2: some farmers are two to three weeks behind their normal 124 00:06:09,680 --> 00:06:11,840 Speaker 2: fuel drops because most of them get a if you've 125 00:06:11,839 --> 00:06:14,200 Speaker 2: got an on farm tank, you get a monthly drop, 126 00:06:14,279 --> 00:06:16,880 Speaker 2: I am told, and some of those are weeks behind 127 00:06:17,000 --> 00:06:20,719 Speaker 2: usual deliveries and they need it for drinking water systems, 128 00:06:20,720 --> 00:06:24,039 Speaker 2: for livestock, et cetera. So is this true? Is anyone 129 00:06:24,040 --> 00:06:27,200 Speaker 2: behind on their fuel deliveries and is anything being done 130 00:06:27,200 --> 00:06:29,560 Speaker 2: about it? Nine nine two the number to text. It's 131 00:06:29,560 --> 00:06:32,680 Speaker 2: fourteen minutes after five ray Bred. So the OCA has 132 00:06:32,680 --> 00:06:34,920 Speaker 2: been held steady at two point twenty five percent RB 133 00:06:35,000 --> 00:06:38,240 Speaker 2: and zsy's inflational peak at four point two percent this quarter. Though, 134 00:06:38,520 --> 00:06:42,080 Speaker 2: you know, it's like pinning a tail on donkey with estimates. 135 00:06:42,080 --> 00:06:44,320 Speaker 2: At the moment, markets thought the announcement was a bit 136 00:06:44,360 --> 00:06:47,360 Speaker 2: more hawkish than they expected. Kiwi dollar rallied a quarter 137 00:06:47,360 --> 00:06:49,480 Speaker 2: of a US sent to fifty eight point one eight. 138 00:06:49,480 --> 00:06:52,880 Speaker 2: In response, Mark Wiltshire is the Cooperative Bank CEO, joins 139 00:06:52,960 --> 00:06:55,880 Speaker 2: us this morning. Hey Mark, good morning, ra. What did 140 00:06:55,920 --> 00:06:58,039 Speaker 2: you make of the statement yesterday from the bank? 141 00:06:59,120 --> 00:07:00,640 Speaker 9: I think there is a banks that are a very 142 00:07:00,640 --> 00:07:02,640 Speaker 9: difficult job right now. So I think we've had a 143 00:07:02,720 --> 00:07:06,200 Speaker 9: very good job just basically having a very balanced view 144 00:07:06,560 --> 00:07:09,600 Speaker 9: highlighting some of those risks that they might need to 145 00:07:09,600 --> 00:07:11,960 Speaker 9: take action. So the markets, as you said, just did 146 00:07:12,040 --> 00:07:14,160 Speaker 9: react a bit saying that's a bit of a tone 147 00:07:14,200 --> 00:07:17,480 Speaker 9: saying they will respond to inflation if that persists into 148 00:07:17,520 --> 00:07:18,200 Speaker 9: the medium term. 149 00:07:18,360 --> 00:07:21,000 Speaker 2: What's happening on you on the whole. Yeah, on the balance, 150 00:07:21,040 --> 00:07:24,160 Speaker 2: on the whole balanced and on the whole sensible, which 151 00:07:24,200 --> 00:07:26,400 Speaker 2: is good. It's what you want from a reserve bank, 152 00:07:26,520 --> 00:07:29,680 Speaker 2: right What about your rates, how are they? Have you 153 00:07:29,760 --> 00:07:32,120 Speaker 2: increased them by how much? And will you in the future. 154 00:07:33,200 --> 00:07:35,800 Speaker 9: Well, there floating rates on hold, so we've got one 155 00:07:35,800 --> 00:07:37,760 Speaker 9: of the lowest floating rates out there at four nine 156 00:07:37,800 --> 00:07:41,120 Speaker 9: to nine. It's a fixed rates that are the one 157 00:07:41,160 --> 00:07:43,800 Speaker 9: that's moving. And so markets did up a little bit. 158 00:07:44,480 --> 00:07:45,160 Speaker 2: I mean, good. 159 00:07:45,000 --> 00:07:47,920 Speaker 9: News on the ceasefire in the Middle East, so that 160 00:07:48,040 --> 00:07:52,280 Speaker 9: certainly has helped markets. So that was actually a positive effect. 161 00:07:52,600 --> 00:07:55,080 Speaker 9: But it is, as you mentioned, it's quite volatile right now. 162 00:07:55,160 --> 00:07:58,440 Speaker 9: So I think the risk is around those fixed rates 163 00:07:58,800 --> 00:08:02,800 Speaker 9: continue to move up and the markets are expecting more 164 00:08:02,840 --> 00:08:05,960 Speaker 9: moves in the reserve bank at the moment, so that's 165 00:08:06,280 --> 00:08:09,520 Speaker 9: they are really coming forward from what was wollcast around 166 00:08:09,600 --> 00:08:13,560 Speaker 9: December have now looking more like September for those rises 167 00:08:13,800 --> 00:08:16,400 Speaker 9: start coming through in the OCR here in New Zealand. 168 00:08:16,960 --> 00:08:20,080 Speaker 9: So that's that's the risk of those fixed rates start 169 00:08:20,120 --> 00:08:22,520 Speaker 9: to edge up more and that's the upper pressure on 170 00:08:22,560 --> 00:08:23,400 Speaker 9: those fixed rates. 171 00:08:23,600 --> 00:08:25,720 Speaker 2: But what about your customers, are they're getting in touch 172 00:08:25,800 --> 00:08:27,800 Speaker 2: saying today, you know, right now it's a tough time. 173 00:08:27,840 --> 00:08:28,520 Speaker 2: We need help. 174 00:08:29,800 --> 00:08:31,800 Speaker 9: We're not seeing a lot of that in the consumer 175 00:08:32,040 --> 00:08:34,600 Speaker 9: retail market ryand I mean, it is a tough time 176 00:08:34,679 --> 00:08:37,400 Speaker 9: right now, but I think basically people are managing through 177 00:08:37,400 --> 00:08:40,360 Speaker 9: this at the moment. We're not really seeing too many 178 00:08:40,720 --> 00:08:43,800 Speaker 9: adverts and packs. I mean, it is a concern I 179 00:08:43,880 --> 00:08:47,880 Speaker 9: think for people, this level of volatility, but people are 180 00:08:47,920 --> 00:08:49,760 Speaker 9: okay at the moment, and I think the rates have 181 00:08:49,840 --> 00:08:53,000 Speaker 9: been low, so that's helped. So people have been had 182 00:08:53,040 --> 00:08:55,480 Speaker 9: to have some resilience out there. But you know, we're 183 00:08:55,559 --> 00:08:57,120 Speaker 9: keeping a close eye on that and keeping in touch 184 00:08:57,160 --> 00:08:59,920 Speaker 9: with our customers to make sure they continue to manage themselves. 185 00:09:00,000 --> 00:09:02,360 Speaker 2: Well. Mark, appreciate your time this morning. Thanks for being 186 00:09:02,360 --> 00:09:05,640 Speaker 2: with me. Mark, Brookshire Cooperative Bank's CEO. Time is seventeen 187 00:09:05,679 --> 00:09:06,520 Speaker 2: after five. 188 00:09:06,720 --> 00:09:07,680 Speaker 1: Ryan Bridge. 189 00:09:07,720 --> 00:09:11,120 Speaker 2: So before the Iranian state media said we've closed the straits, 190 00:09:11,280 --> 00:09:13,520 Speaker 2: they were looking at this as from the Wall Street Journal, 191 00:09:13,520 --> 00:09:16,280 Speaker 2: looking at how many vessels have actually crossed through the strait. 192 00:09:16,640 --> 00:09:20,120 Speaker 2: In the first five hours after the ceasefire was announced, 193 00:09:20,200 --> 00:09:23,319 Speaker 2: they had two vessels go through. Normally that they get 194 00:09:23,320 --> 00:09:25,120 Speaker 2: about one hundred and thirty ships a day through here. 195 00:09:25,160 --> 00:09:28,240 Speaker 2: We've spoken about this before. During the war, they averaged 196 00:09:28,280 --> 00:09:31,120 Speaker 2: about five or six ships a day. They were normally 197 00:09:31,200 --> 00:09:35,080 Speaker 2: Iranian ships or Chinese ships. The Philippines actually did a 198 00:09:35,120 --> 00:09:37,240 Speaker 2: deal with the Iranians to get some of theirs through 199 00:09:37,280 --> 00:09:40,760 Speaker 2: because they obviously very affected by this. There is a 200 00:09:40,800 --> 00:09:44,440 Speaker 2: bottleneck right now of four hundred and twenty five oil 201 00:09:44,600 --> 00:09:48,680 Speaker 2: and fuel tankers just sitting there, just anchored, just waiting 202 00:09:48,720 --> 00:09:53,720 Speaker 2: to get through, and about twenty vessels carrying alng and 203 00:09:53,760 --> 00:09:56,560 Speaker 2: the Iranian Navy is basically said to all of them 204 00:09:56,720 --> 00:09:59,160 Speaker 2: that are all anchored there, said, if you try to 205 00:09:59,200 --> 00:10:02,880 Speaker 2: go through without permission from us, you will quote be destroyed. 206 00:10:03,440 --> 00:10:05,800 Speaker 2: And this is the problem, isn't it. Even and we've 207 00:10:05,840 --> 00:10:08,839 Speaker 2: spoken about this before, But even once you say put 208 00:10:08,880 --> 00:10:11,760 Speaker 2: a bow on it and say walls over Victory, I'm done, 209 00:10:12,000 --> 00:10:15,080 Speaker 2: and you walk away, spray and walk away, doesn't mean 210 00:10:15,120 --> 00:10:17,240 Speaker 2: that the insurers are going to come to the party 211 00:10:17,280 --> 00:10:20,160 Speaker 2: and actually get shipped through the strait, does it. Eighteen 212 00:10:20,200 --> 00:10:23,960 Speaker 2: after five News Talks headbe. 213 00:10:23,040 --> 00:10:27,080 Speaker 1: On your radio and online on iHeartRadio Belly Edition with 214 00:10:27,360 --> 00:10:31,680 Speaker 1: Ryan Bridge and Spark for Business Technology, The Chief's Business 215 00:10:31,720 --> 00:10:33,040 Speaker 1: Moving News Talks heedb. 216 00:10:33,080 --> 00:10:35,040 Speaker 2: By twenty farmers are getting in touch this morning. 217 00:10:35,120 --> 00:10:35,200 Speaker 9: Hi. 218 00:10:35,320 --> 00:10:38,440 Speaker 2: Ryan, we farm she sheep, beef and deer. We haven't 219 00:10:38,480 --> 00:10:41,560 Speaker 2: had a monthly fuel delivery since the second of February. 220 00:10:42,240 --> 00:10:45,120 Speaker 2: Our fuel tank is nearly empty. Apparently Fern Energy are 221 00:10:45,160 --> 00:10:47,960 Speaker 2: under strict restrictions and we are on a waiting list. 222 00:10:47,960 --> 00:10:51,920 Speaker 2: But it's dire. Another here, Ryan March was difficult, usually 223 00:10:51,920 --> 00:10:55,520 Speaker 2: have two fillips a month, received none after ringing three 224 00:10:55,640 --> 00:10:59,640 Speaker 2: or four times, got a fill on April first, restricting 225 00:10:59,679 --> 00:11:02,480 Speaker 2: these to tractors and pumps only. Farm utes have to 226 00:11:02,520 --> 00:11:05,199 Speaker 2: be filled up off farm. There you go twenty one 227 00:11:05,200 --> 00:11:09,520 Speaker 2: after five Bryan Bridge. So the supply chain for drugs 228 00:11:09,559 --> 00:11:13,080 Speaker 2: apparently quite a lot more resilient than oil. Huge drug 229 00:11:13,120 --> 00:11:16,199 Speaker 2: halls are being caught at Auckland Airport. Numbers have quadrupled 230 00:11:16,200 --> 00:11:18,920 Speaker 2: between twenty eighteen and twenty twenty four, from one point 231 00:11:18,960 --> 00:11:21,640 Speaker 2: five to six and a half tons. That's at Aukland 232 00:11:21,679 --> 00:11:25,800 Speaker 2: Airport alone, and the Customs Minister Casey Costello has revealed 233 00:11:25,840 --> 00:11:28,840 Speaker 2: for the first time that the nine weeks of this 234 00:11:28,960 --> 00:11:31,520 Speaker 2: first nine weeks of this year, more than twelve tons 235 00:11:31,559 --> 00:11:34,960 Speaker 2: of cocaine has been intercepted in the Pacific. Glenn Dobson 236 00:11:35,160 --> 00:11:38,280 Speaker 2: is with the Drug Detection Agency. The chief executive there, Glenn, 237 00:11:38,320 --> 00:11:41,719 Speaker 2: good morning, Yeah, good morning, right, So lots of it's 238 00:11:41,760 --> 00:11:42,520 Speaker 2: still coming through. 239 00:11:43,920 --> 00:11:46,480 Speaker 10: Yeah, look there is, and it shouldn't be a surprise 240 00:11:46,600 --> 00:11:48,760 Speaker 10: to us. I guess we'll tell us two things. It 241 00:11:48,800 --> 00:11:52,760 Speaker 10: tells us that the scale is increasing, but the good 242 00:11:52,760 --> 00:11:55,920 Speaker 10: thing is also secondly that the border agencies again better 243 00:11:56,360 --> 00:11:57,599 Speaker 10: detecting it all. 244 00:11:57,880 --> 00:11:59,920 Speaker 2: Does it mean that we are getting I mean, if 245 00:12:00,080 --> 00:12:02,040 Speaker 2: is it the tip of the iceberg that we are getting? 246 00:12:02,160 --> 00:12:04,480 Speaker 2: So if we're seeing six and a half tons that 247 00:12:04,520 --> 00:12:06,920 Speaker 2: have been intercepted, does that mean we're going to have 248 00:12:07,040 --> 00:12:08,760 Speaker 2: you know, sixty tons that aren't. 249 00:12:09,760 --> 00:12:13,800 Speaker 10: Yeah, that potential. What it's certainly showing is that, and 250 00:12:13,840 --> 00:12:16,760 Speaker 10: the paper outlines as well is that New Zealand's definitely 251 00:12:16,760 --> 00:12:20,679 Speaker 10: been equally targeted by the organized crime groups of the scale. 252 00:12:21,640 --> 00:12:25,560 Speaker 10: But it also shows that, as the paper recommends closer 253 00:12:25,600 --> 00:12:29,040 Speaker 10: consultation between the agencies, that greater seizures also means that 254 00:12:29,080 --> 00:12:31,080 Speaker 10: they're starting to get some great successes as well, which 255 00:12:31,200 --> 00:12:33,080 Speaker 10: we want to keep working on as a country. 256 00:12:33,320 --> 00:12:35,800 Speaker 2: They're coming from some odd places, like there was a 257 00:12:35,880 --> 00:12:37,680 Speaker 2: spake there last year. I don't know if it's still 258 00:12:37,679 --> 00:12:42,319 Speaker 2: happening now. They're coming in through the airport from Canada. 259 00:12:42,480 --> 00:12:45,360 Speaker 10: Yeah, Canada, study enough. Canada isn't an unusual place for 260 00:12:46,000 --> 00:12:50,200 Speaker 10: drugs to come through on a global supply network. Often 261 00:12:50,240 --> 00:12:53,040 Speaker 10: they'll move in all sorts of places to make it 262 00:12:53,080 --> 00:12:55,959 Speaker 10: look less obvious where the original destination is from. And 263 00:12:56,840 --> 00:13:00,640 Speaker 10: Canada is a known country for the global supply of drugs. 264 00:13:01,559 --> 00:13:04,160 Speaker 2: Do you think this Ministerial Advisory Group is actually going 265 00:13:04,160 --> 00:13:07,240 Speaker 2: to make changes? Like, is it going to have an 266 00:13:07,280 --> 00:13:10,360 Speaker 2: effect that means that we have less drugs that they 267 00:13:10,600 --> 00:13:12,880 Speaker 2: therefore become more expensive in New Zealand? 268 00:13:14,440 --> 00:13:16,760 Speaker 10: I mean, look, I think what this paper shows is 269 00:13:16,760 --> 00:13:18,800 Speaker 10: that we as a country and they're government start to 270 00:13:18,840 --> 00:13:21,480 Speaker 10: step up, but the reality is that there isn't a 271 00:13:21,520 --> 00:13:25,000 Speaker 10: single solution. We need enforcement, we need protection, but we 272 00:13:25,040 --> 00:13:27,680 Speaker 10: also need to reduce demand. And that's one of the 273 00:13:27,679 --> 00:13:30,160 Speaker 10: big things. As long as there's a high demand, the 274 00:13:30,240 --> 00:13:33,240 Speaker 10: supply will keep coming. So that's where the community resilience 275 00:13:33,400 --> 00:13:35,280 Speaker 10: side of the paper really steps up, and that's where 276 00:13:35,320 --> 00:13:37,880 Speaker 10: every person in this country needs to step up to 277 00:13:37,880 --> 00:13:39,000 Speaker 10: try and reduce that demand. 278 00:13:39,640 --> 00:13:43,240 Speaker 2: In your work, what type of drugs are people are 279 00:13:43,280 --> 00:13:46,800 Speaker 2: you finding that people are using? Yeah? 280 00:13:46,960 --> 00:13:49,840 Speaker 10: From the Drug Detection Agencies perspective. We released the quarter 281 00:13:50,040 --> 00:13:52,320 Speaker 10: reports a couple months ago and we saw a huge 282 00:13:52,360 --> 00:13:57,720 Speaker 10: increase in cocaine across the country. We see the same 283 00:13:57,840 --> 00:14:02,720 Speaker 10: strong usages of methane feed and both of those drugs 284 00:14:02,720 --> 00:14:05,360 Speaker 10: that we've seen and increases and strong use in are 285 00:14:05,400 --> 00:14:08,319 Speaker 10: also married in the recent government wasteful of stats as well, 286 00:14:08,360 --> 00:14:12,360 Speaker 10: So certainly we're seeing a strong use of both those drugs. 287 00:14:12,559 --> 00:14:15,160 Speaker 2: Appreciate your times wanting Glenn. Thank you, Glenn Dobson, Drug 288 00:14:15,200 --> 00:14:19,320 Speaker 2: Detection Agency CEO. Time is twenty four minutes after five. 289 00:14:19,800 --> 00:14:22,160 Speaker 2: You're on News Talks VB. We will head to Mitch McCann, 290 00:14:22,200 --> 00:14:24,400 Speaker 2: who's in the US for US at about quarter to 291 00:14:24,440 --> 00:14:27,680 Speaker 2: six this morning, and we'll speak to a former US 292 00:14:27,840 --> 00:14:33,680 Speaker 2: Navy chief about the military objectives here and realistically, can 293 00:14:33,760 --> 00:14:35,640 Speaker 2: you put a bow on this and call it a 294 00:14:35,720 --> 00:14:39,440 Speaker 2: victory or do you have to accept that what Trump 295 00:14:39,440 --> 00:14:42,960 Speaker 2: has agreed to is his hand being forced by a 296 00:14:43,040 --> 00:14:48,360 Speaker 2: domestic audience ahead of a midterm election. News Talks VB the. 297 00:14:48,440 --> 00:14:52,280 Speaker 1: Early edition full the show podcast on Iartradio. How It 298 00:14:52,400 --> 00:14:54,040 Speaker 1: by NEWSTALKSB. 299 00:14:54,400 --> 00:14:57,280 Speaker 2: News Talks MB. It is five twenty six. Should we 300 00:14:57,280 --> 00:14:59,920 Speaker 2: welcome a ceasefire, Yes, of course we should, should we 301 00:15:00,080 --> 00:15:03,119 Speaker 2: count on it holding No, of course not. The Iranians 302 00:15:03,120 --> 00:15:05,880 Speaker 2: now controlled as Strait that they didn't control before the war, 303 00:15:06,040 --> 00:15:09,240 Speaker 2: and the Israelis are still dropping bombs in Lebanon, even 304 00:15:09,280 --> 00:15:11,680 Speaker 2: though this cease fire apparently says that they shouldn't be 305 00:15:11,720 --> 00:15:14,640 Speaker 2: doing that. In fact, both sides now seem to be 306 00:15:14,640 --> 00:15:17,640 Speaker 2: claiming that they're talking about completely different ten point plans. 307 00:15:18,360 --> 00:15:20,840 Speaker 2: These are the things you can't control, but on the 308 00:15:20,840 --> 00:15:24,160 Speaker 2: things we can. Does anybody else feel a bit relieved 309 00:15:24,240 --> 00:15:26,600 Speaker 2: about the grown ups we have in charge at home? 310 00:15:26,920 --> 00:15:30,320 Speaker 2: Nikola Willis has risen to the occasion, clear concise, across 311 00:15:30,360 --> 00:15:34,560 Speaker 2: the detail, realistic about what government can and can't do 312 00:15:34,680 --> 00:15:38,200 Speaker 2: to fix everybody's problems. You'll remember when this all kicked off, 313 00:15:38,240 --> 00:15:41,760 Speaker 2: I said that they had very few political choices, given 314 00:15:41,800 --> 00:15:44,720 Speaker 2: how hard they fought Labour's COVID spending and its effect 315 00:15:44,760 --> 00:15:49,080 Speaker 2: on inflation. So the targeted, temporary, timely, the three t's, 316 00:15:49,120 --> 00:15:52,320 Speaker 2: the motto seems to have been for now the right 317 00:15:52,400 --> 00:15:56,400 Speaker 2: call cometh, the hour cometh the woman. If there was 318 00:15:56,440 --> 00:15:59,160 Speaker 2: to be a leadership spill in national her performance, I 319 00:15:59,200 --> 00:16:01,240 Speaker 2: think in this this has put her to the top 320 00:16:01,280 --> 00:16:04,160 Speaker 2: of the list of contenders, and Winston Peters for all 321 00:16:04,240 --> 00:16:08,520 Speaker 2: the cries and please for him to thump Trump, to criticize, 322 00:16:08,600 --> 00:16:11,960 Speaker 2: to protest, to play the role of the ICC. He's 323 00:16:12,000 --> 00:16:14,560 Speaker 2: held his nerve and he's kept his thoughts to himself. 324 00:16:14,720 --> 00:16:18,480 Speaker 2: Some argue that shows weakness, but I think most key 325 00:16:18,480 --> 00:16:21,600 Speaker 2: wees know what he's doing is protecting us from the 326 00:16:21,640 --> 00:16:26,840 Speaker 2: wrath of a very sensitive, vindictive president. This situation is 327 00:16:26,920 --> 00:16:29,320 Speaker 2: far from done and dusted, but it's shown us we 328 00:16:29,440 --> 00:16:34,360 Speaker 2: have competent political and diplomatic leaders who are realistic about 329 00:16:34,400 --> 00:16:40,200 Speaker 2: what they can and can't control and bread wretch twenty 330 00:16:40,240 --> 00:16:43,520 Speaker 2: eight minutes alfter five. So Netanyahu's been giving a presser here. 331 00:16:43,520 --> 00:16:47,760 Speaker 11: It is the US and Israel are the ones who 332 00:16:47,760 --> 00:16:51,720 Speaker 11: will change the fees of the Middle East. We work 333 00:16:51,840 --> 00:16:54,480 Speaker 11: together in order to put an end to any threat. 334 00:16:55,000 --> 00:16:57,560 Speaker 11: Again is the step of Israel, and again is. 335 00:16:57,560 --> 00:16:58,400 Speaker 2: The free world. 336 00:16:59,160 --> 00:17:02,840 Speaker 11: This mission is to be done through steps, and through 337 00:17:02,880 --> 00:17:04,840 Speaker 11: stages and through balls. 338 00:17:05,920 --> 00:17:08,200 Speaker 2: Now, Caroline levitts, she's giving a press conference at the 339 00:17:08,240 --> 00:17:11,040 Speaker 2: White House at the moment, she says, and it's the spin. 340 00:17:11,359 --> 00:17:14,480 Speaker 2: It's the spin. We have met and exceeded our military objectives. 341 00:17:14,880 --> 00:17:17,359 Speaker 2: Of course, very unclear which ones they'd like to cherry 342 00:17:17,359 --> 00:17:20,920 Speaker 2: pick that they are meeting and exceeding. This morning. We'll 343 00:17:20,920 --> 00:17:22,840 Speaker 2: talk too much mccanna about that. He'll have the latest. 344 00:17:22,880 --> 00:17:25,200 Speaker 2: He's out of New York. He's coming up at quarter two, 345 00:17:25,280 --> 00:17:28,320 Speaker 2: and we'll speak to a former Navy chief out of 346 00:17:28,359 --> 00:17:32,960 Speaker 2: the US as well. Lots to come cleany water to 347 00:17:32,960 --> 00:17:34,600 Speaker 2: go under the bridge. I think is the point of 348 00:17:34,640 --> 00:17:37,880 Speaker 2: this morning, isn't it? Very early days? Very early days. 349 00:17:37,960 --> 00:17:40,719 Speaker 2: I've got an update for you on air Chathams as well, 350 00:17:41,400 --> 00:17:44,200 Speaker 2: my favorite New Zealand airline just putting it out there, 351 00:17:44,920 --> 00:17:47,360 Speaker 2: sad news for them. I'll update you on the routes 352 00:17:47,640 --> 00:17:49,440 Speaker 2: after this News Talk ZEBB. 353 00:17:52,920 --> 00:17:56,280 Speaker 1: News and Views you Trust to start your day. It's 354 00:17:56,400 --> 00:18:00,880 Speaker 1: early edition with Ryan Bridge and Spark for Business Technology 355 00:18:00,880 --> 00:18:03,280 Speaker 1: that keeps Business moving, Hues talks. 356 00:18:03,040 --> 00:18:13,840 Speaker 10: AB You're borning. 357 00:18:13,880 --> 00:18:15,439 Speaker 2: It is twenty four away from six year on news 358 00:18:15,520 --> 00:18:18,760 Speaker 2: Talk said be a very fragile piece. Well, cease fire 359 00:18:18,880 --> 00:18:22,760 Speaker 2: deal is holding four now, although I note that Israel 360 00:18:22,880 --> 00:18:25,840 Speaker 2: is still pounding Lebanon. In fact the worst attack on 361 00:18:26,040 --> 00:18:28,439 Speaker 2: his bullet targets and Lebanon, and now the Iranians have 362 00:18:28,480 --> 00:18:30,080 Speaker 2: come out and said if you keep doing that. Well, 363 00:18:30,119 --> 00:18:33,760 Speaker 2: unless you stop right now, we will hit you right back. Meantime, 364 00:18:33,880 --> 00:18:36,800 Speaker 2: in the White House, Caroline Leavitt's up there spinning until 365 00:18:36,840 --> 00:18:39,480 Speaker 2: she's build in the face, says the US has destroyed 366 00:18:39,520 --> 00:18:42,359 Speaker 2: one hundred and fifty navy ships. The Iranian Air Force 367 00:18:42,480 --> 00:18:46,120 Speaker 2: is irrelevant, and here is she is a few moments ago. 368 00:18:47,000 --> 00:18:49,359 Speaker 12: I've seen a lot of inaccurate coverage today from the 369 00:18:49,400 --> 00:18:53,160 Speaker 12: media about these negotiations and these plans already, so let 370 00:18:53,160 --> 00:18:56,480 Speaker 12: me be clear and correct the record. The Iranians originally 371 00:18:56,520 --> 00:18:59,919 Speaker 12: put forward a ten point plan that was fundamentally unsero 372 00:19:00,000 --> 00:19:03,879 Speaker 12: O yes, unacceptable and completely discarded. It was literally thrown 373 00:19:03,960 --> 00:19:07,840 Speaker 12: in the garbage by President Trump and his negotiating team. 374 00:19:08,040 --> 00:19:11,000 Speaker 12: Many outlets in this room have falsely reported on that 375 00:19:11,080 --> 00:19:13,680 Speaker 12: plan as being acceptable to the United States. 376 00:19:14,000 --> 00:19:15,919 Speaker 2: Right, so we're still a little unclear on what the 377 00:19:15,960 --> 00:19:19,720 Speaker 2: ten points are. Is the gist of that. Meanwhile, oil 378 00:19:20,040 --> 00:19:23,280 Speaker 2: is down, stocks on Wall Street are up, shares of 379 00:19:23,440 --> 00:19:26,199 Speaker 2: US airlines climbing, in particular, even though they put up 380 00:19:26,240 --> 00:19:30,320 Speaker 2: the prices by ten percent. In Delta, for example, the 381 00:19:30,920 --> 00:19:34,480 Speaker 2: customer is still coming, still flying, actually shrugging that off. 382 00:19:35,000 --> 00:19:37,800 Speaker 2: You fertilizer, We spoke about this last week. So the 383 00:19:37,840 --> 00:19:42,200 Speaker 2: fertilizer stocks, the US companies supplying fertilizer, they saw an 384 00:19:42,240 --> 00:19:45,960 Speaker 2: absolute boom in their share price. They went through the roof. 385 00:19:46,119 --> 00:19:48,440 Speaker 2: Are they now coming down? C IF Industries the one 386 00:19:48,480 --> 00:19:51,320 Speaker 2: we spoke about, They are now down nine percent, heading 387 00:19:51,320 --> 00:19:53,600 Speaker 2: for their worst day since twenty twenty two because obviously 388 00:19:53,600 --> 00:19:56,000 Speaker 2: everyone's going well, there'll be some fertilizer coming out of 389 00:19:56,000 --> 00:20:00,160 Speaker 2: the Middle East now, although their shares still up more 390 00:20:00,200 --> 00:20:02,080 Speaker 2: than fifty percent this year. It is one of the 391 00:20:02,080 --> 00:20:06,280 Speaker 2: hottest stocks fertilizer company out of North America, one of 392 00:20:06,280 --> 00:20:09,199 Speaker 2: the hottest stocks on Wall Street this year. Right, it 393 00:20:09,240 --> 00:20:12,560 Speaker 2: is twenty two minutes away from six Ryan Bread Shadoway 394 00:20:12,640 --> 00:20:15,960 Speaker 2: reporters around the country Calum and Toned Morning Callum morning, Ryan. 395 00:20:16,080 --> 00:20:18,920 Speaker 2: How are your house price? Is looking the best in 396 00:20:18,960 --> 00:20:19,800 Speaker 2: New Zealand at the moment. 397 00:20:19,800 --> 00:20:22,639 Speaker 13: The latest numbers are out and Otago leading New Zealand 398 00:20:22,720 --> 00:20:26,720 Speaker 13: as far as property growth has concerned. Residential property growth 399 00:20:26,800 --> 00:20:30,399 Speaker 13: for the first quarter, which far outpaces the national trend. 400 00:20:30,520 --> 00:20:34,560 Speaker 13: Home values here rose two point six percent on average. 401 00:20:35,160 --> 00:20:37,439 Speaker 13: Why Tucky leading the way at four point four percent, 402 00:20:37,520 --> 00:20:41,000 Speaker 13: Central Otago at four percent. In those three months to 403 00:20:41,000 --> 00:20:44,320 Speaker 13: the end of March Kluther with the slowest growth locally, 404 00:20:44,359 --> 00:20:47,840 Speaker 13: but still beating the national decline, which was of zero 405 00:20:48,000 --> 00:20:52,119 Speaker 13: point one percent. Dunedin's average home values approaching six hundred 406 00:20:52,119 --> 00:20:55,240 Speaker 13: and sixty thousand dollars now, that's nineteen percent above twenty twenty. 407 00:20:55,520 --> 00:20:58,639 Speaker 13: QV says the strong gains reflect the ongoing appeal of 408 00:20:58,640 --> 00:20:59,840 Speaker 13: lifestyle locations. 409 00:21:00,320 --> 00:21:01,600 Speaker 2: How's the weather in Dunedin. 410 00:21:02,600 --> 00:21:05,200 Speaker 13: It's mainly fine for a start, but the sale has changed. 411 00:21:05,200 --> 00:21:07,920 Speaker 13: This afternoon brings the odd shower, possibly heavy and a 412 00:21:07,960 --> 00:21:09,000 Speaker 13: high of twenty. 413 00:21:08,720 --> 00:21:11,040 Speaker 2: Good on callum, Thank you, clear than Christ's morning, Clear, 414 00:21:11,320 --> 00:21:14,000 Speaker 2: Good morning. What's happening with the land? We've spoken about 415 00:21:14,000 --> 00:21:16,639 Speaker 2: Apollo Projects stadium. What's happening with the land under it? 416 00:21:17,240 --> 00:21:19,520 Speaker 5: Yeah, well that's the big question. So there are concerns 417 00:21:19,520 --> 00:21:22,760 Speaker 5: that the Apollo Projects stadium site could sit empty when 418 00:21:22,760 --> 00:21:25,680 Speaker 5: our new stadium officially opens in a couple of weeks time. 419 00:21:25,960 --> 00:21:28,040 Speaker 5: There's no clear, confirmed plan. 420 00:21:27,880 --> 00:21:28,720 Speaker 14: For its future. 421 00:21:29,040 --> 00:21:31,879 Speaker 5: It will hold its very last event on April eighteen, 422 00:21:31,920 --> 00:21:35,160 Speaker 5: that's a Wellington Phoenix clash before Council then takes back 423 00:21:35,160 --> 00:21:38,879 Speaker 5: control of the whole site on April twenty. Now we 424 00:21:38,920 --> 00:21:42,080 Speaker 5: can reveal today that the options. Report on what comes 425 00:21:42,119 --> 00:21:45,520 Speaker 5: next is still being drafted by council after being delayed 426 00:21:45,560 --> 00:21:49,600 Speaker 5: at least five times since November. In the meantime, council 427 00:21:49,680 --> 00:21:51,639 Speaker 5: has said that the site could be used for community 428 00:21:51,680 --> 00:21:55,640 Speaker 5: support community sport rather if it's safe as temporary stands 429 00:21:55,680 --> 00:21:58,800 Speaker 5: and the buildings will be decommissioned around it. The local 430 00:21:58,840 --> 00:22:01,600 Speaker 5: Council of though Melanie co says the land should serve 431 00:22:01,640 --> 00:22:04,400 Speaker 5: as a neighborhood park while longer term plans are decided, 432 00:22:04,680 --> 00:22:07,399 Speaker 5: while Counselor Aaron Kewan, who was on council at the 433 00:22:07,400 --> 00:22:10,040 Speaker 5: time the stadium was built, says it's no longer needed 434 00:22:10,080 --> 00:22:13,000 Speaker 5: as either sports or recreation space and he wants to 435 00:22:13,000 --> 00:22:15,600 Speaker 5: see it being used to reduce residents rate burden. 436 00:22:15,800 --> 00:22:16,920 Speaker 2: Interesting. How's your weather? 437 00:22:17,800 --> 00:22:19,400 Speaker 5: I should be fine today a bit of morning high 438 00:22:19,400 --> 00:22:21,880 Speaker 5: cloud about nor the least turning westerly and a high 439 00:22:21,880 --> 00:22:22,560 Speaker 5: of twenty four. 440 00:22:22,720 --> 00:22:25,480 Speaker 2: Thank you cleire Max and Wellington Morning Max, Good morning. 441 00:22:25,800 --> 00:22:27,879 Speaker 2: What's going on with your buses your public transport? 442 00:22:28,320 --> 00:22:28,560 Speaker 15: Yeah? 443 00:22:28,600 --> 00:22:31,280 Speaker 16: You can use a credit or debit card on them 444 00:22:31,880 --> 00:22:35,440 Speaker 16: or mobile payment on buses and trains from this weekend Sunday. 445 00:22:35,520 --> 00:22:37,680 Speaker 16: The downside is it still comes with a one point 446 00:22:37,680 --> 00:22:41,040 Speaker 16: five percent surcharge that seems unavoidable, but to move in 447 00:22:41,040 --> 00:22:43,919 Speaker 16: the right direction for Wellington, all the major Western cities 448 00:22:43,960 --> 00:22:46,760 Speaker 16: do it. Christ Church did it in November Auckland as well, 449 00:22:47,160 --> 00:22:50,399 Speaker 16: and we'll hopefully have a national universal bus card within 450 00:22:50,440 --> 00:22:53,320 Speaker 16: a year or so. You've also got the regional Council 451 00:22:53,600 --> 00:22:56,439 Speaker 16: which sets ticket prices here pleading for money from the 452 00:22:56,440 --> 00:22:59,600 Speaker 16: government as the cost of diesel saws money for fuel 453 00:23:00,080 --> 00:23:03,159 Speaker 16: discounts on ticket rates. Perhaps they were already planned to 454 00:23:03,200 --> 00:23:04,840 Speaker 16: go up and may we do no more? People are 455 00:23:04,880 --> 00:23:07,520 Speaker 16: choosing buses and trains at the moment with petrol at 456 00:23:07,520 --> 00:23:10,159 Speaker 16: about three dollars fifty. Auckland just had a record public 457 00:23:10,160 --> 00:23:13,479 Speaker 16: transport day last month. Is it time to capitalize on that? 458 00:23:14,359 --> 00:23:14,439 Speaker 4: What? 459 00:23:14,600 --> 00:23:16,840 Speaker 2: And do give free rides? Sure? 460 00:23:17,960 --> 00:23:21,520 Speaker 16: Well, not free, but discounts. You capitalize on this public 461 00:23:21,520 --> 00:23:22,320 Speaker 16: transport bood? 462 00:23:22,720 --> 00:23:25,239 Speaker 2: No. I mean, the thing is that you don't need 463 00:23:25,280 --> 00:23:26,520 Speaker 2: a carrot. You've already got a stick. 464 00:23:26,760 --> 00:23:27,000 Speaker 10: You know. 465 00:23:27,200 --> 00:23:29,399 Speaker 2: The stick is getting paid is the price of petrol 466 00:23:29,400 --> 00:23:32,080 Speaker 2: getting people on the bus. Anyway, how's you wear the max? 467 00:23:32,880 --> 00:23:35,760 Speaker 16: Cloudy a little drizzly nineteen the high Thank you. 468 00:23:36,040 --> 00:23:38,480 Speaker 2: Neva, good morning, good morning. He was actually straying into 469 00:23:38,480 --> 00:23:42,680 Speaker 2: your territory. There a little bit giving us an Auckland update. Say, 470 00:23:42,880 --> 00:23:44,480 Speaker 2: lay day in your lane? 471 00:23:44,560 --> 00:23:47,520 Speaker 4: What's inside voice? Which is now my outside voice? 472 00:23:47,920 --> 00:23:50,920 Speaker 2: Hey, what's this? Thirty percent of Aucklander's curb side recycling 473 00:23:51,000 --> 00:23:52,119 Speaker 2: ends up going to land. 474 00:23:52,520 --> 00:23:55,400 Speaker 4: Well, rip your ninety. Look we've got new research out 475 00:23:55,720 --> 00:23:59,160 Speaker 4: Waste and Recycling Industry Association report now it finds one 476 00:23:59,280 --> 00:24:03,720 Speaker 4: third of this wasted recycling is contaminated or being disposed 477 00:24:03,760 --> 00:24:04,760 Speaker 4: of incorrectly. 478 00:24:04,880 --> 00:24:06,600 Speaker 14: So calling on more. 479 00:24:06,560 --> 00:24:09,760 Speaker 4: Education, great enforcement by local and central government. I don't 480 00:24:09,760 --> 00:24:12,920 Speaker 4: know whether that's going to work. Executive director Barney Irvine. 481 00:24:12,920 --> 00:24:15,760 Speaker 4: He says that two thirds of waste in the recycling 482 00:24:15,840 --> 00:24:18,400 Speaker 4: is things that should clearly not be there. Now, I've 483 00:24:18,400 --> 00:24:22,800 Speaker 4: got to tell you Ryan, anything from stones, would use nappies, 484 00:24:22,960 --> 00:24:26,280 Speaker 4: old clothes. So people are just treating recycling as a 485 00:24:26,320 --> 00:24:26,719 Speaker 4: second bin. 486 00:24:26,840 --> 00:24:29,040 Speaker 2: Yeh do you know? Do you know why? Because the 487 00:24:29,600 --> 00:24:32,440 Speaker 2: main bin they give you is so small that people 488 00:24:32,640 --> 00:24:35,800 Speaker 2: who have families fill up the other bin with just anything. 489 00:24:36,040 --> 00:24:37,879 Speaker 4: Yeah, well that's so true, and it is used as 490 00:24:37,880 --> 00:24:40,160 Speaker 4: second bin. And I don't think they know. I'll throw 491 00:24:40,160 --> 00:24:42,040 Speaker 4: on a dirty nappy. I know it's wrong, but no, 492 00:24:42,119 --> 00:24:45,040 Speaker 4: who cares. I don't think more education is going to 493 00:24:45,160 --> 00:24:46,159 Speaker 4: listen to me anyway. 494 00:24:46,320 --> 00:24:51,119 Speaker 2: I love your skepticism. How's have we that ELD will 495 00:24:51,160 --> 00:24:51,760 Speaker 2: work with you too? 496 00:24:51,800 --> 00:24:52,040 Speaker 5: Long? 497 00:24:52,440 --> 00:24:55,399 Speaker 4: Areas of warding, low cloud or fog, still warm. Twenty 498 00:24:55,400 --> 00:24:56,399 Speaker 4: three to the high here in August. 499 00:24:56,520 --> 00:24:58,680 Speaker 2: I never thank you. It is seventeen away from six 500 00:24:58,760 --> 00:25:00,840 Speaker 2: News Talks theb Where States with Mitch McCann. 501 00:25:00,960 --> 00:25:05,399 Speaker 1: Next international correspondence with Ends and Eye Insurance, Peace of 502 00:25:05,440 --> 00:25:07,920 Speaker 1: Mind for New Zealand Business Quarter. 503 00:25:08,160 --> 00:25:11,040 Speaker 2: Next we will head some Malcolm Nance, who is a 504 00:25:11,119 --> 00:25:14,200 Speaker 2: former United States Navy senior chief in just a few moments. 505 00:25:14,240 --> 00:25:17,760 Speaker 2: But first, we are right now in a time of 506 00:25:18,000 --> 00:25:21,760 Speaker 2: very poor quality information. Because you've got the Iranian saying 507 00:25:21,760 --> 00:25:24,280 Speaker 2: one thing about what's going on, you've got the Americans 508 00:25:24,320 --> 00:25:28,600 Speaker 2: saying another. Caroline Levitt was just asked about this report 509 00:25:28,680 --> 00:25:31,719 Speaker 2: that the Strait would be closed because the Israelis are 510 00:25:31,720 --> 00:25:33,840 Speaker 2: still bombing the hell out of Lebanon. This is what 511 00:25:33,880 --> 00:25:34,320 Speaker 2: she said. 512 00:25:34,920 --> 00:25:37,440 Speaker 12: That is completely unacceptable. And again this is a case 513 00:25:37,480 --> 00:25:40,000 Speaker 12: of what they're saying publicly is different privately. We have 514 00:25:40,080 --> 00:25:43,119 Speaker 12: seen an uptick of traffic in the street today and 515 00:25:43,160 --> 00:25:46,800 Speaker 12: I will reiterate the President's expectation and demand that the 516 00:25:46,800 --> 00:25:51,919 Speaker 12: street of Ramoose is reopened immediately, quickly and safely. That 517 00:25:52,080 --> 00:25:54,720 Speaker 12: is his expectation. It has been relied to him privately. 518 00:25:55,200 --> 00:25:57,719 Speaker 2: Right, So Mitch mccannon is with us from the USA. 519 00:25:57,840 --> 00:26:00,719 Speaker 2: US correspondent, Mitch, what do we know of the strait? 520 00:26:01,600 --> 00:26:04,000 Speaker 17: Yeah, well, Caroline Leavitt is part of those comments that 521 00:26:04,040 --> 00:26:06,880 Speaker 17: you just played, Ryan. She also said that that reporting 522 00:26:07,000 --> 00:26:09,760 Speaker 17: was false, but then asked Iran to actually open up 523 00:26:09,760 --> 00:26:12,159 Speaker 17: the strait. So it's unclear what the situation is at 524 00:26:12,160 --> 00:26:13,879 Speaker 17: the moment, but we know in the last couple of 525 00:26:13,880 --> 00:26:17,720 Speaker 17: hours since the seaspire was enacted overnight, not many ships 526 00:26:17,720 --> 00:26:20,520 Speaker 17: have actually been passing through the Strait of Hormones anyway, 527 00:26:20,600 --> 00:26:25,240 Speaker 17: many shipping companies are still concerned about safety. So this seaspire, 528 00:26:25,320 --> 00:26:28,600 Speaker 17: Ryan is holding, but it's on very, very shaky ground. 529 00:26:28,600 --> 00:26:31,200 Speaker 17: There's another couple of reasons for this as well. Iran 530 00:26:31,280 --> 00:26:34,440 Speaker 17: state media also says that an oil refinery has been 531 00:26:34,480 --> 00:26:38,159 Speaker 17: struck by unspecified enemies, and at the same time, it 532 00:26:38,160 --> 00:26:40,440 Speaker 17: seems as if Iran is still un launching the attacks 533 00:26:40,440 --> 00:26:43,600 Speaker 17: in the Persian Gulf. Kuwait, for example, says it has 534 00:26:43,640 --> 00:26:47,040 Speaker 17: engaged with at least twenty eight drones from Iran since 535 00:26:47,080 --> 00:26:49,400 Speaker 17: the Seaspire. And at the same time, there's so many 536 00:26:49,480 --> 00:26:52,359 Speaker 17: updates here. Donald Trump has been truth on truth socials, 537 00:26:52,400 --> 00:26:54,479 Speaker 17: saying that he's going to slap a fifty percent tariff 538 00:26:54,480 --> 00:26:57,800 Speaker 17: on anyone that's selling military weapons to Iran. Now it's 539 00:26:57,880 --> 00:27:00,560 Speaker 17: unclear how he's going to do that because the Supreme 540 00:27:00,600 --> 00:27:03,760 Speaker 17: Court said most of his tariffs were illegal. So plenty 541 00:27:03,760 --> 00:27:07,399 Speaker 17: of updates at the moment, But the overall picture really 542 00:27:07,480 --> 00:27:09,959 Speaker 17: is this ceasefire is on very shaky ground. 543 00:27:10,080 --> 00:27:12,800 Speaker 2: Big deal for us here, Mitch is the Strait and 544 00:27:12,800 --> 00:27:14,960 Speaker 2: getting it open and getting the oil to the refinery 545 00:27:15,080 --> 00:27:18,080 Speaker 2: so we can fill our cars and our tanks on farm. 546 00:27:18,880 --> 00:27:21,399 Speaker 2: What have they said anything about the potential for a 547 00:27:21,520 --> 00:27:22,760 Speaker 2: toll on the strait. 548 00:27:23,720 --> 00:27:26,520 Speaker 17: Yeah, we've seen some reporting this morning from the Financial 549 00:27:26,640 --> 00:27:29,760 Speaker 17: Times that suggest that Iran is looking to put a 550 00:27:29,800 --> 00:27:33,600 Speaker 17: toll on the Strait of Hormuz using cryptocurrency. Now it's 551 00:27:33,680 --> 00:27:36,080 Speaker 17: unclear how that's going to work, whether many of these 552 00:27:36,119 --> 00:27:39,320 Speaker 17: countries or shipping companies are set up to even do that. 553 00:27:39,920 --> 00:27:42,240 Speaker 17: But that'll be another point that frustrates the White House 554 00:27:42,240 --> 00:27:44,960 Speaker 17: that's trying to get more information about this. In the 555 00:27:44,960 --> 00:27:47,680 Speaker 17: coming days. JD Vance is going to travel to Pakistan. 556 00:27:47,760 --> 00:27:49,159 Speaker 17: So we've just learned this is going to happen on 557 00:27:49,200 --> 00:27:52,520 Speaker 17: Saturday morning. Steve Witkoff's going to be with him, Jared Kushner, 558 00:27:52,720 --> 00:27:55,280 Speaker 17: Donald Trump's son in law, and they're going to try 559 00:27:55,320 --> 00:27:58,960 Speaker 17: and work out this negotiation. It's interesting here, Ryan, because JD. 560 00:27:59,119 --> 00:28:02,640 Speaker 17: Vance is widely reported to have been against this war 561 00:28:02,680 --> 00:28:06,000 Speaker 17: from the first place, so it's possible that Iran sees 562 00:28:06,080 --> 00:28:08,120 Speaker 17: him as a level head where they might be able 563 00:28:08,160 --> 00:28:10,560 Speaker 17: to get some some progress here. But Saturday morning is 564 00:28:10,560 --> 00:28:12,160 Speaker 17: when these negotiations are going to start. 565 00:28:12,280 --> 00:28:15,399 Speaker 2: Mitch McCann, our US correspondent, chairs Mate twelve to six, 566 00:28:15,840 --> 00:28:18,840 Speaker 2: Bryan Breed, So Pete hig Seth was out overnight, reckons 567 00:28:18,840 --> 00:28:20,000 Speaker 2: the ceasefire will hold. 568 00:28:20,160 --> 00:28:22,760 Speaker 18: Now we have a chance at real peace and a 569 00:28:22,800 --> 00:28:26,760 Speaker 18: real deal. The War Department four now four now has 570 00:28:26,760 --> 00:28:30,320 Speaker 18: done its part. We stand ready in the background to 571 00:28:30,480 --> 00:28:35,359 Speaker 18: ensure Iran upholds every reasonable term and as everyone knows, 572 00:28:35,440 --> 00:28:38,920 Speaker 18: nobody makes a better deal than President Trump. 573 00:28:39,000 --> 00:28:41,840 Speaker 2: Let's go to Malcolm Nance, intelligence foreign policy analyst and 574 00:28:41,880 --> 00:28:44,840 Speaker 2: former United States Navy senior chief. Malcolm, Nice to have 575 00:28:44,920 --> 00:28:48,560 Speaker 2: you on the program. What are your thoughts, what are 576 00:28:48,600 --> 00:28:50,520 Speaker 2: your thoughts, what are your feelings about the chance that 577 00:28:50,560 --> 00:28:51,600 Speaker 2: this thing's going to hold. 578 00:28:53,720 --> 00:28:55,959 Speaker 15: I should expect it to going the hold principally because 579 00:28:56,920 --> 00:28:59,840 Speaker 15: the global economy could not take much more of this. 580 00:29:00,440 --> 00:29:03,000 Speaker 15: And that's where Donald Trump's real pressures came from. That 581 00:29:03,120 --> 00:29:05,640 Speaker 15: came from the people who were saying that, you know, 582 00:29:06,200 --> 00:29:11,240 Speaker 15: the entire world system could have gone into recession. The 583 00:29:11,240 --> 00:29:13,200 Speaker 15: oil that was coming out of the Gulf was being 584 00:29:13,240 --> 00:29:16,600 Speaker 15: limited natural gas and been cut off twenty percent. You know, 585 00:29:16,680 --> 00:29:19,400 Speaker 15: it's like doing a you know, one of those vulcan 586 00:29:19,480 --> 00:29:22,640 Speaker 15: pressure holds on your corotid artery. You know, you might 587 00:29:22,640 --> 00:29:23,960 Speaker 15: be able to hold it for a while, which you 588 00:29:24,000 --> 00:29:25,680 Speaker 15: can't hold it forever. You said, you're going to start 589 00:29:25,760 --> 00:29:29,160 Speaker 15: killing the system. So I don't I think Trump was trapped. 590 00:29:29,280 --> 00:29:31,760 Speaker 15: He had to take this deal. And now the worst 591 00:29:31,800 --> 00:29:34,040 Speaker 15: part is, I round comes out of it stronger. 592 00:29:34,400 --> 00:29:37,600 Speaker 2: Well, we think. And the White House is saying that 593 00:29:37,840 --> 00:29:40,160 Speaker 2: the ten point plan that everyone's talking about is not 594 00:29:40,200 --> 00:29:41,880 Speaker 2: the ten point plan that they've signed up to. 595 00:29:44,920 --> 00:29:48,800 Speaker 15: Yeah, and I've noticed that they've said that after they 596 00:29:49,040 --> 00:29:54,080 Speaker 15: had already written. Donald Trump had retweeted Minister around she 597 00:29:54,240 --> 00:29:59,520 Speaker 15: the previous bar Minister's statement which said the basis of 598 00:29:59,560 --> 00:30:02,560 Speaker 15: it was the original fifteen point plan Loust, the ten 599 00:30:02,600 --> 00:30:06,000 Speaker 15: point plan that Iran had had set, and that's supposed 600 00:30:06,040 --> 00:30:10,040 Speaker 15: to be the basis of negotiations. The fifteen point plan 601 00:30:10,200 --> 00:30:14,200 Speaker 15: wasn't any better. So, you know, if Trump took this 602 00:30:14,240 --> 00:30:16,440 Speaker 15: as an off ramp to stop the collapse of the 603 00:30:16,480 --> 00:30:20,280 Speaker 15: world economy to save money for his friends. You know, 604 00:30:20,360 --> 00:30:24,720 Speaker 15: the Gulf States lost brillions in market capital with these attacks. 605 00:30:24,960 --> 00:30:26,959 Speaker 15: He's going to have to deal with what's been played 606 00:30:26,960 --> 00:30:29,880 Speaker 15: now because there's no restarting this war. It will collapse 607 00:30:29,880 --> 00:30:32,600 Speaker 15: the global global economy if they do it again. 608 00:30:32,480 --> 00:30:34,840 Speaker 2: Which begs the question was it worth doing in the 609 00:30:34,840 --> 00:30:35,440 Speaker 2: first place? 610 00:30:37,760 --> 00:30:39,440 Speaker 15: No, and they should never have done it in the 611 00:30:39,440 --> 00:30:42,880 Speaker 15: first place. Look, they have been preparing for this war 612 00:30:42,920 --> 00:30:46,720 Speaker 15: since nineteen forties, since nineteen seventy nine, forty seven years. 613 00:30:46,880 --> 00:30:50,400 Speaker 15: I fought the Iranians multiple times in the Person Gulf 614 00:30:50,520 --> 00:30:54,160 Speaker 15: during the nineteen eighties, and it was very clear back 615 00:30:54,200 --> 00:30:58,160 Speaker 15: then their geographic choke hold was over the Straight of Hormuz. 616 00:30:59,160 --> 00:31:04,840 Speaker 15: This was done almost halphazardly. They didn't consult anybody, and 617 00:31:04,960 --> 00:31:07,600 Speaker 15: they didn't listen to the advice of military planners. We 618 00:31:07,640 --> 00:31:11,840 Speaker 15: are awesome America at blowing things up. We're apparently really 619 00:31:12,040 --> 00:31:15,000 Speaker 15: awful at meeting our stated objectives. 620 00:31:15,480 --> 00:31:18,760 Speaker 2: Malcolm Nance, intelligence foreign policy analysts and former United States 621 00:31:18,880 --> 00:31:20,440 Speaker 2: Navy seem the chief. Nice to have you on the 622 00:31:20,440 --> 00:31:22,560 Speaker 2: program this morning at eight to six. You're on News 623 00:31:22,560 --> 00:31:23,040 Speaker 2: Talks EBB. 624 00:31:24,480 --> 00:31:28,920 Speaker 1: Ryan Bridge on early edition with Spark for business Technology 625 00:31:29,040 --> 00:31:31,959 Speaker 1: that keeps business moving US TALKSB. 626 00:31:31,800 --> 00:31:34,280 Speaker 2: Six to six. Hell hath no fury? Like a farmer's 627 00:31:34,280 --> 00:31:36,440 Speaker 2: scorned and they are lashing out at Trump on the 628 00:31:36,480 --> 00:31:39,440 Speaker 2: text machine this morning because fuel drops haven't been happening 629 00:31:39,440 --> 00:31:42,000 Speaker 2: when they should be happening. This pharmacays he's an f wit. 630 00:31:42,920 --> 00:31:45,680 Speaker 2: David a proud key we farmer. Thanks for your message. Ryan. 631 00:31:45,720 --> 00:31:47,840 Speaker 2: I live at Fangada Heads. This is from one of 632 00:31:47,880 --> 00:31:51,160 Speaker 2: our listeners this morning. Opposite Marsden Point. Another fuel tanker 633 00:31:51,200 --> 00:31:55,160 Speaker 2: has just come into the port. There you go. Problem solved. 634 00:31:55,640 --> 00:31:58,800 Speaker 2: It is six to two. Ryan Bridge might see morning Mike. 635 00:31:58,960 --> 00:32:03,320 Speaker 2: Joyous day, Ryan, joyous day. But a little information vacuum. 636 00:32:03,400 --> 00:32:05,200 Speaker 2: I think at the moment we're not really sure what's 637 00:32:05,280 --> 00:32:07,520 Speaker 2: going on. Well, what's the matter. Well we'll all move 638 00:32:07,520 --> 00:32:09,440 Speaker 2: on one side. Well, yeah, but it's going to take 639 00:32:09,480 --> 00:32:09,840 Speaker 2: a while. 640 00:32:09,960 --> 00:32:14,320 Speaker 14: Ryan will when did when putn I thing about this yesterday? 641 00:32:14,400 --> 00:32:14,520 Speaker 15: Right? 642 00:32:14,560 --> 00:32:17,640 Speaker 14: So this is how wars work, so especially wars in 643 00:32:17,680 --> 00:32:18,280 Speaker 14: the Middle East. 644 00:32:18,640 --> 00:32:22,239 Speaker 2: So it all, it's all on and then till it's 645 00:32:22,280 --> 00:32:24,360 Speaker 2: all But that doesn't mean that the Straight opens. This 646 00:32:24,400 --> 00:32:25,560 Speaker 2: is the point it does. 647 00:32:25,640 --> 00:32:27,280 Speaker 14: Straight will open, Yes. 648 00:32:27,040 --> 00:32:29,840 Speaker 2: But who's going to ensure a ship when the Iranians 649 00:32:29,880 --> 00:32:31,960 Speaker 2: are sitting there with drones? Tell you how that? 650 00:32:32,120 --> 00:32:34,880 Speaker 14: Tell you how this will work over time, is that 651 00:32:35,440 --> 00:32:37,640 Speaker 14: the Strait will open in one way, shape or form. 652 00:32:37,920 --> 00:32:40,840 Speaker 14: If it doesn't open in a way that business finds acceptable, 653 00:32:41,240 --> 00:32:43,760 Speaker 14: they will go another route. And that's how the world works. 654 00:32:43,760 --> 00:32:45,680 Speaker 14: And the Gulf states, who are so invested in the 655 00:32:45,680 --> 00:32:47,200 Speaker 14: Straight being open, will make it work. 656 00:32:47,360 --> 00:32:49,520 Speaker 2: Yes, but how long does that take? 657 00:32:49,680 --> 00:32:50,240 Speaker 14: What's it matter? 658 00:32:50,480 --> 00:32:52,880 Speaker 2: Well, look at what it's doing to our economy. Look 659 00:32:52,880 --> 00:32:55,800 Speaker 2: at what it's doing to most economies in Asia. 660 00:32:56,000 --> 00:32:59,680 Speaker 14: No, that's that's separate to the War's a complete disaster 661 00:32:59,760 --> 00:33:01,280 Speaker 14: and ambles and should never have started. 662 00:33:01,360 --> 00:33:04,400 Speaker 2: No, No, totally. But you can't separate the two. Right, one 663 00:33:04,440 --> 00:33:07,440 Speaker 2: has caused the other, and we're dealing with the fallout 664 00:33:07,440 --> 00:33:09,320 Speaker 2: of what's happening in the Strait, and the Strait doesn't 665 00:33:09,360 --> 00:33:11,480 Speaker 2: magically open because Trump waves as magical. 666 00:33:11,640 --> 00:33:13,560 Speaker 14: Of course it doesn't magically open, but it'll open over 667 00:33:13,600 --> 00:33:15,840 Speaker 14: the next few weeks because the will the pressure on 668 00:33:15,840 --> 00:33:18,080 Speaker 14: the words. It's like it's like the fuel. If you 669 00:33:18,120 --> 00:33:20,280 Speaker 14: look at the fuel. When the fuel problem started, we 670 00:33:20,280 --> 00:33:21,840 Speaker 14: were going to run out of fuel, right, and everyone 671 00:33:21,880 --> 00:33:24,719 Speaker 14: was panicking about running out of fuel. Well, then all 672 00:33:24,760 --> 00:33:26,960 Speaker 14: of a sudden everyone went to the other supplies around 673 00:33:26,960 --> 00:33:28,800 Speaker 14: the world and worked out actually that twenty percent of 674 00:33:28,840 --> 00:33:30,800 Speaker 14: the world's oil is only through one part. The eighty 675 00:33:30,840 --> 00:33:33,720 Speaker 14: percent is available to us. So we've solved our fuel problem. 676 00:33:33,840 --> 00:33:37,640 Speaker 14: So yes, as of two days ago. 677 00:33:37,560 --> 00:33:39,040 Speaker 2: We've solved the fuel problem. 678 00:33:39,040 --> 00:33:41,120 Speaker 14: We've solved the fuel problem in terms of delivery to 679 00:33:41,160 --> 00:33:42,880 Speaker 14: the country. So if you look at Australia, look at 680 00:33:42,920 --> 00:33:45,160 Speaker 14: New Zealand, look at the sources where they've gone to. 681 00:33:45,600 --> 00:33:48,920 Speaker 14: They've got Australia, for example, shored up supplies from Japan. 682 00:33:49,040 --> 00:33:50,960 Speaker 14: They said, don't worry, we will see you right, we've 683 00:33:50,960 --> 00:33:52,040 Speaker 14: gone to alternative source. 684 00:33:52,080 --> 00:33:56,280 Speaker 2: So the refineries that they rely on are still short 685 00:33:56,320 --> 00:34:00,640 Speaker 2: on the credit they're not they are Japan, isn't Reader's 686 00:34:00,680 --> 00:34:02,719 Speaker 2: got a big stockpile of course, no, yes, they did 687 00:34:02,720 --> 00:34:03,400 Speaker 2: three hundred. 688 00:34:03,440 --> 00:34:06,080 Speaker 14: Day what those guys have done, has gone to alternative 689 00:34:06,160 --> 00:34:08,359 Speaker 14: sources because there's actually a lot of oil help there. 690 00:34:08,960 --> 00:34:12,759 Speaker 2: So I'm Mike, so I Mike declares, I am ups over. 691 00:34:12,880 --> 00:34:15,040 Speaker 14: I know, I am up beat. I am upbeat about 692 00:34:15,040 --> 00:34:17,839 Speaker 14: this unfolding in the sense that it was always going 693 00:34:17,880 --> 00:34:19,320 Speaker 14: to last four to six weeks. 694 00:34:19,360 --> 00:34:22,080 Speaker 2: And Trump's hand has been forced by the global. 695 00:34:21,760 --> 00:34:24,760 Speaker 14: Economy course, and that's and that's how that's how it works. Anyway, 696 00:34:24,800 --> 00:34:26,680 Speaker 14: we'll have a lot more, including the governor. 697 00:34:26,440 --> 00:34:28,880 Speaker 2: Of the brilliant mic is with your next Have a 698 00:34:28,880 --> 00:34:30,120 Speaker 2: great day, brun Cena Mark 699 00:34:34,640 --> 00:34:37,640 Speaker 1: For more from early edition with Ryan Bridge, Listen live 700 00:34:37,760 --> 00:34:40,759 Speaker 1: to News Talks it'd be from five am weekdays, or 701 00:34:40,840 --> 00:34:42,720 Speaker 1: follow the podcast on iHeartRadio.