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Speaker 1: The issue, the interviews and the inside Ryan Bridge new

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Speaker 1: for twenty twenty four on the early edition with Smith City,

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Speaker 1: New Zealand's furniture beds and a play at store us Dogs.

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Speaker 2: It'd be good morning.

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Speaker 3: It is six after five. Great to have your company.

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Speaker 3: I'm a little starstruck. Wendy Petree is here. She's going

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Speaker 3: to be with us to staffter five thirty. Nikola Willis

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Speaker 3: is on the show just before six on the ocr

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Speaker 3: does she trust the Reserve Bank? Mitch mccannon out of

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Speaker 3: the US Carmela's surge continues there and before five point thirty.

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Speaker 2: Is your insulation safe? Plus an update on those meth lollies?

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Speaker 2: Six after five.

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Speaker 4: The agenda.

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Speaker 3: First day of fifteenth of August, Ukraine's President Vladimir Zelenski

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Speaker 3: says its front line has moved one to two kilometers

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Speaker 3: further into Russia's Curse region in the second week of

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Speaker 3: its operation. He says more than one hundred Russian troops

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Speaker 3: have been captured in just the past few days. A

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Speaker 3: state of emergency has now been declared in the neighboring

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Speaker 3: Belgorod region, which Russian officials say has been the target

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Speaker 3: of drone attacks to the United States. I promised you

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Speaker 3: this yesterday. The inflation data, as promised, the USCPI has

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Speaker 3: dropped to its lowest post pandemic level. It's now sitting

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Speaker 3: at two point nine percent, down from three percent in June.

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Speaker 3: It's a good sign.

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Speaker 2: We're not getting defleshing.

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Speaker 3: Things aren't necessarily getting cheaper, but we're getting a smaller

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Speaker 3: and smaller praise increase every month.

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Speaker 2: And some things are actually a little.

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Speaker 5: Bit less expensive anywhere a few years ago, but not

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Speaker 5: things like car insurance and ret and electricity.

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Speaker 3: Inflation peaked at nine percent in June twenty twenty one.

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Speaker 3: And remember the retail sales data which should be outlated

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Speaker 3: today tonight. The government's announced back home the cap on

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Speaker 3: seasonal workers will increase to twenty thy seven hundred and

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Speaker 3: fifty and the pause on accommodation cost increases will be lift.

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Speaker 3: But this is good news for the RC workers and

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Speaker 3: for the employers. Workers will have more flexibility to be

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Speaker 3: able to move between regions and employers, their visas will

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Speaker 3: become multi entry during a season, and they'll be able

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Speaker 3: to do job training outside of their role. Horticulture and

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Speaker 3: Z Chief Executive Nadine Tunneling.

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Speaker 6: There's a bittern it for everybody. And what I mean

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Speaker 6: by that is both growers in Suffolk workers as well.

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Speaker 6: So that's positive to this.

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Speaker 4: One on your radio and online on iHeartRadio Early edition

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Speaker 4: with Ryan Bridge and Smith City New Zealand's Furniture Beds

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Speaker 4: and a playing store News Talk z'd be.

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Speaker 2: It's eight half the five. Great to be here this morning.

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Speaker 3: I am excited that the OCR finally is coming down

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Speaker 3: twenty five basis point drop yay. And I don't know

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Speaker 3: if I'm just you know, reading into things here, but

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Speaker 3: I checked trade me every single day that I checked

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Speaker 3: the houses in the area in which I live to

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Speaker 3: see what's listed. It's just one of those obsessive things

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Speaker 3: that I do. And last night there were five houses

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Speaker 3: put on the market, and I've seen maybe at best

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Speaker 3: one every two days in the last three while. So

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Speaker 3: I reckon they were just holding out for Adrian or

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Speaker 3: to loosen the purse strings a little bit. Brad Olsen

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Speaker 3: reckons we can't trust them. Can't trust the Reserve Bank.

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Speaker 3: Why because in May they said they even discussed and

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Speaker 3: announced that they had discussed the prospect of increasing the OCR.

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Speaker 3: This is just three months ago. And they also said

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Speaker 3: at the time that there were no cuts to the

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Speaker 3: ocr needed till next year, and so brad Olsen saying, well,

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Speaker 3: how can you how can you get it so wrong?

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Speaker 3: So recently Adrian All was saying this darkest dawn line.

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Speaker 7: It's darkest before dawn. I'm suggesting it. We're basically in

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Speaker 7: dawn at the moment.

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Speaker 3: So in May it was we potentially have to increase rates,

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Speaker 3: and now it's we're cutting. That is the space of

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Speaker 3: three months, and he's starting to cut like Edwards's hands,

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Speaker 3: isn't he? It was interesting he was asked about this

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Speaker 3: in the press of Yest that they have a listen.

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Speaker 8: And just rewinding back to May, you was the Reserve

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Speaker 8: Bank wrong or bluffing or a bit of both.

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Speaker 7: We went buffing, bluffing, buffing. The forecast were well buffed

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Speaker 7: and but not bluffed where you know, we always put

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Speaker 7: out our best foot forward for where we see the

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Speaker 7: rates going.

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Speaker 3: Hmmm, what is Nichola Willis think of that she's on

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Speaker 3: the show just before sex Will ask her does she

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Speaker 3: trust Adriane or does she trust the Reserve Bank and

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Speaker 3: it's forecasts and its interest rate track? Personally, I don't

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Speaker 3: really care. I'm just happy that you know that they're

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Speaker 3: finally going in what is the right direction. But it does,

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Speaker 3: it does make you wonder, doesn't it.

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Speaker 2: It does.

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Speaker 3: There are definitely questions that need to be asked around that,

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Speaker 3: and it's it's by the way, Nicola that appoints the

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Speaker 3: well she the last minister appointed Adriane or that she

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Speaker 3: could you know, she could see you later. And she

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Speaker 3: appoints part of the Monetar Policy Committee that actually decides

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Speaker 3: on what the OCR will be. So she actually appointed

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Speaker 3: three people to this committee which made the decision. Lots

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Speaker 3: more to come on the show this morning eleven after five.

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Speaker 3: We're doing insulation next. Also Chris Luxon's in Australia today

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Speaker 3: and Sydney today and Canberra tomorrow.

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Speaker 2: I'll tell you why.

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Speaker 4: Ryan Bridge, new for twenty twenty four on early edition

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Speaker 4: with Smith City, New Zealand's Furniture, Beds and a playing store.

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Speaker 2: News Talk zed B, we'd love.

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Speaker 3: To know how you're feeling this morning about the OCR

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Speaker 3: announcement yesterday thirteen after five on News Talk, said B.

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Speaker 3: Text me on nine to nine two. Graham's done that

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Speaker 3: just that, Hi, Ryan, do you know what the interest

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Speaker 3: rate drop means?

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Speaker 2: Say?

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Speaker 3: Per one hundred k on mortgages. Haven't heard anything referencing this, Graham.

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Speaker 3: My short answer is no, I don't, Sorry, but the

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Speaker 3: retail banks are dropping their rates asb has cut its

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Speaker 3: fixed home lending rates between ten and thirty four basis points.

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Speaker 3: One and two year home loan rates fail six point

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Speaker 3: five nine percent and two rather six point five nine

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Speaker 3: percent and five point nine to nine percent, respectively. In

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Speaker 3: terms of what it means for you know, per hundred

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Speaker 3: cave mortgage. To be honest, I haven't done the maths, Graham.

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Speaker 3: Perhaps we can get Leo onto that before the end

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Speaker 3: of the show. Just going fourteen after five. Now, speaking

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Speaker 3: of homes, spray foam insulation is commonly used to retrofit

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Speaker 3: uninsulated homes, but could it prevent you from selling your house?

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Speaker 3: The way the foam is installed and how much ventilation

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Speaker 3: it has could cause damage to roofing timber, especially in

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Speaker 3: colder climates like ours. A couple in the UK recently

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Speaker 3: were unable to sell after installing the insulation. They had

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Speaker 3: problems with the banks with the insurers who didn't like

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Speaker 3: the foam. In New Zealand, installers have to produce a

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Speaker 3: statement saying the work complies with the building code, but

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Speaker 3: the work doesn't have to be inspected. Damien McGill is

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Speaker 3: the Healthy Healthy Home cooperation the rec journeys with me

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Speaker 3: this morning.

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Speaker 2: Hey Damien.

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Speaker 9: Cure Ryan, how are you?

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Speaker 2: Yeah?

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Speaker 6: Good?

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Speaker 2: Thanks, thanks for coming on the show. Is what are

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Speaker 2: the rates?

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Speaker 9: Firstly, I'd like to say that I wasn't actually interviewed

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Speaker 9: by Colleen Hawks for that article. And secondly, there's nothing

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Speaker 9: wrong with the spray home per se. It has one

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Speaker 9: of the best insulation ratings of any product on the market.

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Speaker 9: It can be a great product when used correctly. The

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Speaker 9: issue is how it's used and how it's being.

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Speaker 3: Applied and how is it being used in New Zealand

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Speaker 3: is it Do you have any concerns about it about

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Speaker 3: the way it's regulated.

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Speaker 9: Well, so you just mentioned that the regulatory context is

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Speaker 9: now that should you want of the building now exempts

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Speaker 9: under floor and roof insulation retrofits for a building consent,

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Speaker 9: But you need to retrofit insulation into a wall cavity

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Speaker 9: and that needs a building consent. The problem is that

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Speaker 9: when you add rich fit war insulation, it may affect

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Speaker 9: moisture transfer inside walls and change drying rates. Which in

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Speaker 9: turn may cause moisture to accumulate in the walls and

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Speaker 9: affect the durability of timber framing and cladding. This is

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Speaker 9: directly from NBI's website. In my opinion that a statement

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Speaker 9: applies equally to roofs too, which is my comment in

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Speaker 9: the article about Newton's third law emotion. You know the house,

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Speaker 9: it is a whole system. So if you improve the insulation,

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Speaker 9: you must also improve the ventilation. When you improve the

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Speaker 9: insulation and ventilation, you can improve your tightness and look

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Speaker 9: out for thermal bridging. And by the time you had

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Speaker 9: some windows that you have the five passive house.

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Speaker 3: Principles right, So that standard currently covers walls, but not

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Speaker 3: roofs roofs rather, is that what you're saying, there.

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Speaker 9: Must have been a relaxation recently to exempt underfloor and

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Speaker 9: roof insulations from a building decent So it doesn't necessary.

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Speaker 9: It doesn't just apply to spray fame. It applies to

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Speaker 9: all insulation additions. Give you a couple of examples. Recently,

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Speaker 9: I have upgraded my rental properties by adding an extra

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Speaker 9: one hundred and eighty meters of wall insulation in the ceilings.

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Speaker 9: Because of this, I've also upgraded the ventilation too, Otherwise

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Speaker 9: I would I was concidned I'd have significant wasture issues

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Speaker 9: in the ceiling cavity. For what happens.

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Speaker 3: For your for our listeners, if you have had this

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Speaker 3: work done by a registered professional, should we you know,

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Speaker 3: we should have nothing to worry about. I mean they

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Speaker 3: should be looking at the ventilation. If they're doing the

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Speaker 3: insulation too, right, they.

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Speaker 9: Won't be looking at the ventilation. It won't be they won't.

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Speaker 9: They won't be. So that's that's that's where the issues.

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Speaker 9: So in the UK, a couple of things have been happening.

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Speaker 9: One that have been spraying directly to the underside of

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Speaker 9: concrete tiles, which I guess we have you know the

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Speaker 9: state that the brick and tile fifties houses that are

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Speaker 9: a similar type of construction. But if the roof is

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Speaker 9: leaky then there's nowhere for that. So basically you're going

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Speaker 9: to fill up a gap underneath the tiles or in

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Speaker 9: the roof space at farm probably seventy five one hundred

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Speaker 9: miles of phone and then you're going to seal that

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Speaker 9: up so any moisture gets in there doesn't it's not

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Speaker 9: able to dry out.

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Speaker 3: Understand yeah, I'm saying, yeah, Yeah, I understand what you're saying. Damn,

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Speaker 3: I'm and I'm I appreciate you you running us through

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Speaker 3: exactly how it works. Yeah, as you say, it's not foam.

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Speaker 3: This is not a foam as bad story, but it's

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Speaker 3: a cautionarytail. I suppose if you are insulating to think

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Speaker 3: about ventilation as well. Damien, really appreciate you coming on

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Speaker 3: the program. Jamien McGill, Healthy Home Cooperation Director nineteen up

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Speaker 3: to five.

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Speaker 4: The news you need this morning and the in depth

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Speaker 4: analysis early edition with Ryan Bridge and Smith City, New

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Speaker 4: Zealand's furniture Beds had a playing store news Talk, said B.

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Speaker 3: Twenty one after five, Nicola willis with us. Just before six.

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Speaker 3: Good morning, you're on news Talk, said B. Graham messaged

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Speaker 3: the show just a few minutes ago asking what the

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Speaker 3: interest the OCR cut might mean for retail interest rates

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Speaker 3: and what it might mean, say, per one hundred k

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Speaker 3: in mortgage repayments. A sorry, loans, this is from David.

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Speaker 3: David says, Hi, Ryan, if you're currently paying eight percent

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Speaker 3: and it drops by twenty five basis points, then on

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Speaker 3: every hundred thousand dollars, your interest drops by two hundred

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Speaker 3: and fifty per annum, or four dollars eight per week.

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Speaker 2: Another here says.

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Speaker 3: Ryan, twenty five percent or twenty five basis points, slightly

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Speaker 3: under five dollars a week per one hundred thousand dollars

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Speaker 3: in loans. Twenty two after five now, and we're moving

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Speaker 3: on to the story that's making headlines around the world

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Speaker 3: for all the wrong reasons. Police investigating up to four

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Speaker 3: hundred people are being urgently contacted after lollies containing potentially

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Speaker 3: lethal doses of methan fhetamine were sent out in food

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Speaker 3: parcels by the Auckland City Mission. It is an absolute

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Speaker 3: nightmare for them. Glenn Dobson's with the Drug Detection Agency,

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Speaker 3: He's the CEO. They do workplace drug testing. Glenn, Good morning, Yeah,

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Speaker 3: good morning, Ryan. This is this is really worrying. Have

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Speaker 3: you ever seen anything like this before, methan lollies.

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Speaker 10: Yeah, look at us worrying. A lot of the criminal

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Speaker 10: gangs that smuggled drugs will used different techniques to try

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Speaker 10: and get mess across the border. But it's often suspended

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Speaker 10: in liquids and it can often be in pill form

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Speaker 10: as well, just as lollies. It's not unknown, but it's

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Speaker 10: not overly common.

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Speaker 2: It's just the tip.

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Speaker 3: Could that be the tip of the iceberg? Given how

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Speaker 3: much myth is being imported. I looked up it's about

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Speaker 3: almost two tons in twenty twenty two of meth that

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Speaker 3: was caught coming into New Zealand. And then you think

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Speaker 3: about that, it'd be a fraction of what's what's actually

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Speaker 3: coming in and it's obviously coming in all different forms.

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Speaker 10: Yeah, and that's through a challenge of the authorities. I

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Speaker 10: guess is they know what they're catching, they don't know

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Speaker 10: what they're not getting. They don't know what's getting across

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Speaker 10: the border and not being detected. If the iceburg, potentially

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Speaker 10: it is. You know, we often attend intentional conferences around

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Speaker 10: drugs and drugs smuggling in the States. Now they're starting

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Speaker 10: to see more what they call meth conversion labs, or

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Speaker 10: converting meth from liquid or solid form back into its

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Speaker 10: original form. See more of those labs than they actually

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Speaker 10: making or cooking labs these days.

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Speaker 3: Because that we used to have meth labs didn't when

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Speaker 3: you'd hear about them blowing up and stuff and then

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Speaker 3: be ray, you don't hear so much about them anymore.

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Speaker 3: So they conversion labs. That sounds frightening.

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Speaker 10: Yes, yeah, I look the conversion labs really there are

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Speaker 10: to get the lab from its form of it's suspended

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Speaker 10: in liquid or if it's an appeal form, back to

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Speaker 10: a usual mess that they can then sell on the streets.

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Speaker 10: And they use that through different are using different efforts

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Speaker 10: and chemical techniques to be able to get the mess

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Speaker 10: back to its normal form.

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Speaker 2: Where does it come from?

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Speaker 10: Internationally? It comes from all over the place. Mexico is

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Speaker 10: a big supply of metha and fetterming. Also, it comes

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Speaker 10: from North America through Mexico, China and anywhere where a

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Speaker 10: lad can be created at a large scale to make

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Speaker 10: the mess. It will certainly make its way to New

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Speaker 10: Zealand because we as a country, we like meth and

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Speaker 10: we pay a decent amount for it on the global market.

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Speaker 2: Yeah, absolutely we do. Glenn.

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Speaker 3: Thanks so much for your time. Glenn Dobson with the

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Speaker 3: Drug Detection Agency. It is twenty five after five. Nicola

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Speaker 3: willis coming to before six and Mitch McCann out of

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Speaker 3: the US as well the early edition.

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Speaker 4: Full show podcast on iHeartRadio powered by.

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Speaker 3: Newstalks at B twenty seven after five News Talks, said

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Speaker 3: b You've got to ask yourself who's running the show.

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Speaker 3: Another example of bureaucracy seemingly undermining the government on its

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Speaker 3: cost cutting plan, which remember from the start, from the outset,

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Speaker 3: they said, no frontline job's going latest thing. You've got

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Speaker 3: a Health New Zealand manager who did a PowerPoint to

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Speaker 3: ninety staff about upcoming changes. They indicated that jobs could

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Speaker 3: be cut, including get this, four hundred and seventy doctors

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Speaker 3: and fourteen hundred nurses. What who on earth thought that

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Speaker 3: was okay? Did they do it on purpose? Is it

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Speaker 3: a middle finger to the government and to the commissioner

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Speaker 3: Lesta Levy? The truth is we don't really know at

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Speaker 3: this point, Levy says, and he's quoted a newsroom is saying,

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Speaker 3: is this reluctance, is.

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Speaker 2: This resistance or is this sabotage? Fair question?

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Speaker 3: He's promising consequences. It's totally unacceptable, but it's not an

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Speaker 3: isolated incident. Auditing Atamadiki is another agency cutting funding left

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Speaker 3: right and center to services. I think many keywis would

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Speaker 3: consider front line like counseling. The stories get in the

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Speaker 3: press and then there's a back down, and we've had

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Speaker 3: public service leaking against the government loads of examples, at

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Speaker 3: least six major leaks that I could recall. There was

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Speaker 3: that Cabinet paper on the Foreign Housing investors, the Treaty

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Speaker 3: Principles Bill, stuff that has been leaked. You can't know

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Speaker 3: for sure the motivations in each case, but it doesn't

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Speaker 3: take a rocket scientist to work out that there is

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Speaker 3: huge resistance to the Coalition government's agenda within parts of

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Speaker 3: pockets of the bureaucracy. They need reining in. The examples

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Speaker 3: here need to be set, I think. And if the

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Speaker 3: message falls on deafes, well maybe they need to be

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Speaker 3: marched out the door.

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Speaker 2: Twenty minutes after five.

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Speaker 3: So the whole darkest before the dawn thing everybody's getting well?

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Speaker 3: Is everybody getting a bit excited about that interest rates

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Speaker 3: coming down? The banks are playing ball kiwibank as but

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Speaker 3: actually most of them now are starting to drop their rates.

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Speaker 3: But is there a question about trust in the Reserve Bank.

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Speaker 3: We're going to ask Nichola Willis about that later on.

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Speaker 3: Luxon is over in Australia today. He's starting in Sydney, Sydney,

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Speaker 3: he's doing business and infrastructure there. Tomorrow he's in Canberra.

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Speaker 3: Big questions about whether we will continue with our deal

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Speaker 3: with Australia to resettle refugees. A Deern struck the deal

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Speaker 3: for four hundred and fifty people. We're barely filling the quota,

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Speaker 3: so it sounds like that is on the way out

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Speaker 3: back in a second.

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Speaker 4: The first word on the News of the Day early

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Speaker 4: edition with Ryan Bridge and Smith City New Zealand's Furniture

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Speaker 4: Beds and a play at Store US Talk Sidy.

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Speaker 3: Good morning, it is twenty four away from six. You're

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Speaker 3: on News Talks, he'd be. I'm Ryan Bridge. Nicola Willis

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Speaker 3: is here just before six this morning on the OCR

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Speaker 3: also Lester Levy and Health New Zealand's this proposal to

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Speaker 3: cut doctors and nurses. I mean, come on, it's got

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Speaker 3: to be in subordination, doesn't it.

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Speaker 2: The Clive says Ryan.

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Speaker 3: The leaders and heads of departments who blatantly go against

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Speaker 3: the government need to be fired. And that goes for

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Speaker 3: traitors leaking documents. Yeah, I agree with you, Clive. I

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Speaker 3: just I was thinking you can't fire everyone. Maybe you

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Speaker 3: need to try and take the public service along with you.

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Speaker 3: But then, on the other hand, when you know when

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Speaker 3: the boss says jump, you say how high?

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Speaker 2: Don't you.

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Speaker 3: That's how it works. Twenty three minut it's away from

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Speaker 3: six now very quickly. This interesting one from Gavin and

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Speaker 3: can to breed. Good morning Gavin, Ryan, It's more correctly

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Speaker 3: coldest before the dawn, not darkest before the dawn. Thermal

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Speaker 3: convection lags, light does not lag. Gavin has got me

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Speaker 3: questioning is it darkest before the dawn? Science with Gavin? Right,

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Speaker 3: let's go to our reporters columns with us first column

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Speaker 3: and toned and good morning morning.

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Speaker 2: Right, it's pretty dark here at the moment.

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Speaker 3: I can confirm it's gonna ask you is it darkest

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Speaker 3: before the dawn? I feel like it's as dark at

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Speaker 3: two am as it is at four am.

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Speaker 2: That's what Bob did and things about, so I believe him.

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Speaker 3: Hey you tell us about the changes to Southland's local

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Speaker 3: government structure.

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Speaker 7: Yeah.

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Speaker 2: Look, this is being proposed by Mayor Rob Scott.

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Speaker 11: He's putting forward this proposal to create two unitary authorities

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Speaker 11: in the districts rather than the present four councils that exist.

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Speaker 11: Preliminary estimate s ten million dollars a year could be

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Speaker 11: saved by the merge of Scott's's one unitary authority would

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Speaker 11: be district based, the other urban based, including in the

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Speaker 11: Cargo City Council. He says, Look, this model's already in

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Speaker 11: place for Nelson and Tasman and so they will look

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Speaker 11: at what's working there to future proof the proposal. They'll

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Speaker 11: discuss this at a meeting on August twenty sixth.

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Speaker 2: How's the weather today, high.

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Speaker 11: Cloud increases through the day, few spots of evening rain

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Speaker 11: and sixteen.

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Speaker 2: The high brilliant.

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Speaker 3: Thanks Calem Claire Shrewers in christ Church, Claire, good morning.

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Speaker 3: The World Buskers Festival begging for a future.

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Speaker 12: Well it's looking pretty secure here. They've got a new

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Speaker 12: delivery partner who Ha Productions, confirming the festival will be

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Speaker 12: in christ Church for at least three more years. That

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Speaker 12: starts on January twenty four. Christchurch and Zed's head of

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Speaker 12: Major Events, Karina Finney, very excited about it. She says

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Speaker 12: the festival delivers both social and economic value to our city.

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Speaker 12: She says, for example, last year they made six hundred

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Speaker 12: thousand of a four hundred thousand dollars investment. She says,

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Speaker 12: the fest of all has a long standing history and

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Speaker 12: a great legacy in Auto Tahi and it's about celebrating

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Speaker 12: arts and cultural diversity over economic generation.

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Speaker 2: How's the weather clear?

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Speaker 12: Pretty fine here, although very foggy and dark as well.

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Speaker 12: The high today is seventeen brilliant.

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Speaker 2: Thank you Max Toles and Wellington. Max. Good morning.

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Speaker 3: You've got an idea some samples of the menus for

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Speaker 3: the school lunch program.

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Speaker 2: Yeah, that's right.

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Speaker 13: Our reporter here, Azaria Howell, has unearthed the first list

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Speaker 13: of lunch options recipes for these newer, cheaper, more efficient

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Speaker 13: school lunch program under Associate Education Minister David Seymour. He's

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Speaker 13: trying to save more than one hundred million dollars a year.

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Speaker 13: Nutritious food they want to eat, says Seymour, not wok

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Speaker 13: options like Quinawa or Hummus. So you've got these nine

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Speaker 13: new options in the Ministry of Education's information pack for

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Speaker 13: businesses interested in registering to be a provider, and they

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Speaker 13: are headed vegetable but a chicken, chicken burger, creamy chicken

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Speaker 13: pasta bake, veggie, loaded mac and cheese, Mexican rice and

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Speaker 13: bean burrito's, savory mints and roasted seasonal vegetables, tariarchy, chicken taie,

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Speaker 13: chicken curry and chicken or tuna sandwich. Not sure if

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Speaker 13: you'd consider any of those woke, but a nice mix

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Speaker 13: of options there. The Education Ministry expects to create a

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Speaker 13: larger library of recipes that will be updated each term.

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Speaker 2: Doesn't sound too bad to me.

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Speaker 3: Although it doesn't matter how hard you try to hide

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Speaker 3: the veges in the butter chicken, you can still you

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Speaker 3: still know their veges, right, yr.

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Speaker 13: Kids know when there are vegetables in the butter tree.

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Speaker 2: How's the weather.

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Speaker 13: Max cloudy period, strong NORTHERLIESA I have thirteenth central.

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Speaker 3: Brilliant, thank you, and in nineteen to six windy pittries here,

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Speaker 3: good morning, morning, lovely to.

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Speaker 8: Meet you, you lovely to be here.

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Speaker 3: Tell me what's going on with the senior academic warnings

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Speaker 3: at Auckland Uni.

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Speaker 8: Yeah, well, the proposed cutting of courses at Auckland University

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Speaker 8: is sparking an outcry from its senior academics. The institution

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Speaker 8: is calling the shake up normal practice and says a

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Speaker 8: range of programs will still be offered, but it's understood.

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Speaker 8: The university hopes to reorganize their course offerings to make

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Speaker 8: savings by merging programs. A letter to Vice Chancellor Dawn Freshwater,

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Speaker 8: signed by more than two hundred staff says it could

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Speaker 8: mean significant implications for their research and teaching, and the

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Speaker 8: staff worry it could mean redundancies to a rescue, losing

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Speaker 8: the university's core expertise.

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Speaker 3: Goodness me, all right, we'll walk. Keep an eye on

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Speaker 3: that one house. The weather today, Well it's been nice,

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Speaker 3: hasn't it. It's been lovely yesterday beautiful, it's true, walk

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Speaker 3: and everything same.

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Speaker 8: I went for a run. Oh it was just amazing. Anyway,

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Speaker 8: Today a bit of more of a mixed bag, a

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Speaker 8: fine day, a few clouds around as well, the chance

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Speaker 8: of a shower at midday, westerlies and high fifteen degrees.

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Speaker 2: Brilliant, Thank you, Wendy. Do you like a man with

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Speaker 2: a beard?

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Speaker 8: Well, I like your beard, I mean like.

437
00:23:45,040 --> 00:23:48,560
Speaker 3: A loaded question. But have you seen the photo of

438
00:23:48,720 --> 00:23:52,120
Speaker 3: Prince William? No, he's grown a beard.

439
00:23:52,400 --> 00:23:53,800
Speaker 2: He has, he has.

440
00:23:53,880 --> 00:23:57,800
Speaker 3: It's causing quite not controversy. But he looks quite good,

441
00:23:57,840 --> 00:23:59,919
Speaker 3: does he? Because he's all tanned summer over there?

442
00:24:00,520 --> 00:24:05,480
Speaker 8: He looks very relaxed, styling, isn't he? Where's the nice suits?

443
00:24:05,520 --> 00:24:05,960
Speaker 2: He does?

444
00:24:06,000 --> 00:24:08,760
Speaker 8: And she is certainly styling, so maybe it's a go.

445
00:24:09,280 --> 00:24:11,400
Speaker 8: She's they're copying you obviously.

446
00:24:11,080 --> 00:24:12,320
Speaker 2: Obviously the trendsetter.

447
00:24:12,720 --> 00:24:14,440
Speaker 3: Wendy lovely to meet you and thank you for coming in,

448
00:24:14,440 --> 00:24:18,160
Speaker 3: and we're going to talk more about that bed later on. Actually, ladies,

449
00:24:18,200 --> 00:24:20,720
Speaker 3: if you're listening, do you like a man with a bed?

450
00:24:21,560 --> 00:24:23,560
Speaker 3: Does it make them more attractive? Someone most told me

451
00:24:23,600 --> 00:24:25,280
Speaker 3: it sort of covers twenty five percent of your face.

452
00:24:25,320 --> 00:24:26,440
Speaker 3: So if you're ugly, grow a beard.

453
00:24:30,320 --> 00:24:34,240
Speaker 4: International correspondence with Ends and Eye Insurance Peace of mind

454
00:24:34,280 --> 00:24:35,680
Speaker 4: for New Zealand Business.

455
00:24:36,440 --> 00:24:38,760
Speaker 3: Quarter pass six News Talk, said be Mitch McCann as

456
00:24:38,800 --> 00:24:43,640
Speaker 3: a US correspondent. New polling, the Karmela swing continues.

457
00:24:44,560 --> 00:24:48,280
Speaker 5: Yeah, good morning, Ryan. The swing really continues from Kamala Harris.

458
00:24:48,320 --> 00:24:51,040
Speaker 5: Since July twenty one, when Joe Biden said that he

459
00:24:51,160 --> 00:24:52,960
Speaker 5: wasn't going to run anymore.

460
00:24:52,640 --> 00:24:54,399
Speaker 2: This race has really changed.

461
00:24:54,520 --> 00:24:58,080
Speaker 5: New polling out today that shows Harris as leading, slightly

462
00:24:58,280 --> 00:25:01,840
Speaker 5: or tied among voters in six of the seven swing

463
00:25:01,920 --> 00:25:07,639
Speaker 5: states Pole So, Arizona, Georgia, Michigan, Northlna, Pennsylvania, and Wisconsin.

464
00:25:07,760 --> 00:25:10,680
Speaker 5: She is tied or she is winning there. Donald Trump

465
00:25:10,760 --> 00:25:13,280
Speaker 5: only leads in one at the moment, and that's in Nevada.

466
00:25:13,320 --> 00:25:16,960
Speaker 5: Really illustrating how much this race has changed, and back

467
00:25:17,000 --> 00:25:21,119
Speaker 5: in May he was winning almost all of those states

468
00:25:21,160 --> 00:25:24,119
Speaker 5: across multiple piles. So Donald Trump is really trying to

469
00:25:24,160 --> 00:25:27,199
Speaker 5: take back the narrative here. She's been out campaigning with

470
00:25:27,240 --> 00:25:29,560
Speaker 5: a new running mate, and he's been having to hold

471
00:25:29,560 --> 00:25:33,040
Speaker 5: these sort of random press conferences that have fact check

472
00:25:33,160 --> 00:25:35,720
Speaker 5: is working in overdrive. He's decided he's going to hold

473
00:25:35,760 --> 00:25:38,520
Speaker 5: another one tomorrow. He doesn't seen what it's going to

474
00:25:38,520 --> 00:25:40,760
Speaker 5: be about, but you can bet there'll be some interesting

475
00:25:41,240 --> 00:25:42,880
Speaker 5: commentary from Donald Trump tomorrow.

476
00:25:43,080 --> 00:25:45,920
Speaker 3: Yeah, what about I see Fox News is running a

477
00:25:46,000 --> 00:25:48,440
Speaker 3: daily banner how many days we've gone without a press

478
00:25:48,480 --> 00:25:49,800
Speaker 3: conference from Karmala Harris?

479
00:25:49,880 --> 00:25:51,199
Speaker 2: Is anyone paying attention to that?

480
00:25:52,480 --> 00:25:54,680
Speaker 5: This is a conversation that is starting to get more

481
00:25:54,680 --> 00:25:57,440
Speaker 5: airtime here in the US. So Kamala Harris hasn't done

482
00:25:57,480 --> 00:26:01,640
Speaker 5: any set down interviews of no press conferences where she's

483
00:26:01,680 --> 00:26:05,480
Speaker 5: taken questions that aren't pre arranged since she has come

484
00:26:05,560 --> 00:26:08,520
Speaker 5: into the top of the ticket, so she's under pressure there.

485
00:26:08,600 --> 00:26:10,720
Speaker 5: She did say last week that she was trying to

486
00:26:10,880 --> 00:26:13,520
Speaker 5: arrange something this month, but she hasn't done a sixty

487
00:26:13,560 --> 00:26:15,720
Speaker 5: minutes interview, nothing like that. And I think every day

488
00:26:15,760 --> 00:26:18,879
Speaker 5: this goes on, this is actually starting to build some

489
00:26:18,880 --> 00:26:20,720
Speaker 5: pressure and it is becoming a bit of a conversation.

490
00:26:20,800 --> 00:26:21,040
Speaker 2: Yeah.

491
00:26:21,040 --> 00:26:23,359
Speaker 3: Absolutely, and the void gets filled by other staff Fame.

492
00:26:23,680 --> 00:26:26,280
Speaker 3: Thanks so much for that, Mitch McCann, our US correspondent.

493
00:26:26,280 --> 00:26:28,680
Speaker 3: It is thirteen to six Bryan.

494
00:26:28,400 --> 00:26:37,639
Speaker 2: Bridge, Good morning, New Zealand. It is the dawn of

495
00:26:37,680 --> 00:26:38,359
Speaker 2: a new day.

496
00:26:38,680 --> 00:26:42,000
Speaker 3: We've begun our slide down the interest rate curve. The

497
00:26:42,040 --> 00:26:44,680
Speaker 3: Reserve Bank, with Adrian or at the Helm, has cut

498
00:26:44,680 --> 00:26:47,199
Speaker 3: the OCR twenty five basis points to five point two

499
00:26:47,280 --> 00:26:51,800
Speaker 3: five percent, but economist Brad Olsen reckons we can't trust

500
00:26:51,840 --> 00:26:55,160
Speaker 3: them after they said just three months ago that we

501
00:26:55,160 --> 00:26:59,360
Speaker 3: weren't cutting until twenty twenty five and even discussed an increase.

502
00:26:59,440 --> 00:27:02,280
Speaker 3: Nikola will Is the Finance minister. She joins me this morning,

503
00:27:02,280 --> 00:27:04,800
Speaker 3: Good morning minister, good morning line.

504
00:27:04,840 --> 00:27:08,520
Speaker 6: You played my songs. It's darkness before the dawn. Thank

505
00:27:08,600 --> 00:27:09,000
Speaker 6: you for that.

506
00:27:09,280 --> 00:27:12,640
Speaker 3: We're actually discussing is it darkest before the dawn? Isn't

507
00:27:12,640 --> 00:27:14,520
Speaker 3: it as dark at two am as is it four?

508
00:27:15,680 --> 00:27:18,320
Speaker 6: I think we all know that nighttime comes before morning,

509
00:27:18,520 --> 00:27:21,439
Speaker 6: and I think it is still cloudy out there, but

510
00:27:21,600 --> 00:27:24,199
Speaker 6: there are rays of light if you think through. And

511
00:27:24,840 --> 00:27:27,200
Speaker 6: we always said with the economy what we need to

512
00:27:27,240 --> 00:27:31,040
Speaker 6: see happens inflation come under control, so interest rates can

513
00:27:31,080 --> 00:27:34,280
Speaker 6: come down and gross can recover. And what the Reserve

514
00:27:34,400 --> 00:27:38,679
Speaker 6: Bank emphatically said yesterday is that they think inflation is

515
00:27:38,760 --> 00:27:42,520
Speaker 6: now under control, the forecasting it being back and target,

516
00:27:43,000 --> 00:27:45,800
Speaker 6: and that's given then the confidence they need to actually

517
00:27:45,840 --> 00:27:48,639
Speaker 6: reduce interest rates. So that's positive news for a lot

518
00:27:48,680 --> 00:27:49,119
Speaker 6: of people.

519
00:27:49,320 --> 00:27:52,080
Speaker 3: Isn't the problem that they emphatically said basically the opposite

520
00:27:52,119 --> 00:27:52,840
Speaker 3: three months ago?

521
00:27:52,920 --> 00:27:54,360
Speaker 2: Do you trust them?

522
00:27:55,320 --> 00:27:57,239
Speaker 6: Ah? Look, I do trust the Reserve Bank to do

523
00:27:57,280 --> 00:27:59,760
Speaker 6: their job, and it's important they let them do their

524
00:27:59,840 --> 00:28:04,560
Speaker 6: job independently. And when I look at the decision yesterday

525
00:28:04,800 --> 00:28:07,760
Speaker 6: and the data that backs it up, there are facts there.

526
00:28:07,880 --> 00:28:10,960
Speaker 6: You know, inflation has come down to three point three percent,

527
00:28:11,000 --> 00:28:14,119
Speaker 6: that is the lowest it has been in three years.

528
00:28:15,040 --> 00:28:17,679
Speaker 6: And all I need to do is go around New

529
00:28:17,720 --> 00:28:20,880
Speaker 6: Zealand at the moment to know the economy has slowed

530
00:28:20,880 --> 00:28:24,800
Speaker 6: down and so seeing interest rates come down to me

531
00:28:25,040 --> 00:28:28,680
Speaker 6: is logical. But ultimately these are independent decisions for the

532
00:28:28,760 --> 00:28:29,320
Speaker 6: Reserve Bank.

533
00:28:29,440 --> 00:28:31,600
Speaker 3: And you've got no issues with Adrian or he's got

534
00:28:31,600 --> 00:28:34,959
Speaker 3: three more years on his term. You've also recently reappointed

535
00:28:35,720 --> 00:28:37,560
Speaker 3: the board chair, You've got no issues there.

536
00:28:38,960 --> 00:28:41,480
Speaker 6: Well, he does his job. I do my job, and

537
00:28:41,520 --> 00:28:44,040
Speaker 6: it's really important that we let each other get on

538
00:28:44,080 --> 00:28:46,440
Speaker 6: and do their job, because when the rest of the

539
00:28:46,440 --> 00:28:48,720
Speaker 6: world looks at New Zealand, one of the things they

540
00:28:48,920 --> 00:28:52,760
Speaker 6: like about us is that we have good monetary policy,

541
00:28:53,280 --> 00:28:57,760
Speaker 6: independent institutions, and that we've had a long history of

542
00:28:57,840 --> 00:29:01,120
Speaker 6: Reserve bank governors doing their thing, ministers doing their thing,

543
00:29:01,600 --> 00:29:04,320
Speaker 6: and they're not trying to influence each other too much.

544
00:29:05,160 --> 00:29:08,280
Speaker 3: Hey, just on the banks while we're there. The retail variety,

545
00:29:08,440 --> 00:29:12,000
Speaker 3: that banking report from the Commerce Commissions do out this week,

546
00:29:12,080 --> 00:29:13,640
Speaker 3: I understand have you read that yet?

547
00:29:15,520 --> 00:29:18,400
Speaker 6: I had seen an advanced coffee. It's really important. I

548
00:29:18,440 --> 00:29:21,400
Speaker 6: don't comment on its contents. Obviously, it's for the Commerce

549
00:29:21,400 --> 00:29:25,320
Speaker 6: Commission to announce later this week, but the draft report

550
00:29:25,360 --> 00:29:29,920
Speaker 6: has been in speculation publicly. It's clear, according to the

551
00:29:29,960 --> 00:29:33,960
Speaker 6: Commerce Commission, we have a two tier oligopoly of banks

552
00:29:33,960 --> 00:29:37,239
Speaker 6: in New Zealand, that there hasn't been enough competition, that

553
00:29:37,240 --> 00:29:40,480
Speaker 6: there have been sustained levels of high profitability for those

554
00:29:40,520 --> 00:29:43,840
Speaker 6: big banks. And we are very keen to hear the

555
00:29:43,880 --> 00:29:46,920
Speaker 6: recommendations of the Commerce Commission and where they make sense,

556
00:29:46,960 --> 00:29:52,360
Speaker 6: act on them. Because New Zealanders deserve fair, competitive banking services.

557
00:29:52,680 --> 00:29:55,400
Speaker 2: Are you still considering partial privatization of Kevy Bank.

558
00:29:57,600 --> 00:30:01,400
Speaker 6: I'm really keen to see Kiwibank all up and grow

559
00:30:01,640 --> 00:30:04,640
Speaker 6: so it can take on those big Aussie banks, And

560
00:30:04,720 --> 00:30:08,640
Speaker 6: so we are exploring options for how we could help

561
00:30:08,800 --> 00:30:13,440
Speaker 6: ki Bank get bigger. It's no secret time that we

562
00:30:13,480 --> 00:30:15,720
Speaker 6: don't have a big pile of cash sitting around at

563
00:30:15,760 --> 00:30:18,400
Speaker 6: the moment, So we are looking at how we can

564
00:30:18,480 --> 00:30:20,000
Speaker 6: achieve that something.

565
00:30:20,360 --> 00:30:23,840
Speaker 3: Something would that include sorry monster, would that include foreign investment?

566
00:30:24,480 --> 00:30:26,680
Speaker 3: Will any foreigner get their hands on Kwibank?

567
00:30:28,120 --> 00:30:32,560
Speaker 6: Well, look at this stage, the people who are kind

568
00:30:32,560 --> 00:30:37,880
Speaker 6: of showing interest are New Zealand entities, and it is

569
00:30:38,280 --> 00:30:41,280
Speaker 6: really possible. I think that there would be New Zealanders

570
00:30:41,320 --> 00:30:43,600
Speaker 6: who would want to invest in making a New Zealand

571
00:30:43,680 --> 00:30:47,280
Speaker 6: bank bigger. And I say that because I look at

572
00:30:47,320 --> 00:30:49,400
Speaker 6: the key we savor funds that have built up. I

573
00:30:49,440 --> 00:30:51,760
Speaker 6: look at their money and super funds that's built up.

574
00:30:51,760 --> 00:30:55,320
Speaker 6: I look at the money that ACC invests. And actually

575
00:30:55,520 --> 00:30:57,520
Speaker 6: a lot of the time when I talk to people

576
00:30:57,560 --> 00:31:01,200
Speaker 6: and those funds, they're looking for good New Zealand investment.

577
00:31:01,440 --> 00:31:02,360
Speaker 6: So thank it's the.

578
00:31:02,360 --> 00:31:04,600
Speaker 3: First port of call yeah, first port of call, but

579
00:31:04,720 --> 00:31:06,440
Speaker 3: is there a second portal call? Or would you rule

580
00:31:06,440 --> 00:31:07,840
Speaker 3: out foreign investment in Keevybank?

581
00:31:08,800 --> 00:31:12,160
Speaker 6: Well, look, I'm taking advice on what is needed to

582
00:31:12,400 --> 00:31:16,160
Speaker 6: get investment into kwibank. Can if I say I've said,

583
00:31:16,200 --> 00:31:18,560
Speaker 6: let's look at what the options are, I think we

584
00:31:18,640 --> 00:31:20,800
Speaker 6: will also be interested. By the way, I think there

585
00:31:20,840 --> 00:31:24,240
Speaker 6: could be institutional investors from New Zealand who are interested.

586
00:31:24,320 --> 00:31:26,400
Speaker 6: So what if that look like? What are the next

587
00:31:26,440 --> 00:31:29,760
Speaker 6: steps and then we'll take proposals out and we'll talk

588
00:31:29,760 --> 00:31:30,840
Speaker 6: with New Zealand about them.

589
00:31:30,920 --> 00:31:32,640
Speaker 3: Minister, we are very short on time, but I just

590
00:31:32,680 --> 00:31:34,560
Speaker 3: want to quickly put to you that Health New Zealand

591
00:31:34,600 --> 00:31:39,240
Speaker 3: proposal to cut doctors and nurses. It sounds absolutely mad

592
00:31:39,360 --> 00:31:42,320
Speaker 3: and goes against everything that you guys said you wanted

593
00:31:42,680 --> 00:31:45,440
Speaker 3: when it came to cuts. Have you spoken to ministers

594
00:31:45,480 --> 00:31:46,400
Speaker 3: you're doing anything about this?

595
00:31:47,960 --> 00:31:50,960
Speaker 6: Well, it did sound absolutely mad, So I was very

596
00:31:50,960 --> 00:31:54,520
Speaker 6: pleased to see the Commissioner, mister Levy rule it out

597
00:31:55,120 --> 00:31:59,360
Speaker 6: and in fact express his frustrations that such numbers were

598
00:31:59,400 --> 00:32:04,080
Speaker 6: ever out into the universe because they're so far away

599
00:32:04,200 --> 00:32:07,080
Speaker 6: from the direction the government has given Health New Zealand

600
00:32:07,640 --> 00:32:10,600
Speaker 6: and the expectations we've placed on that commissioner, which is

601
00:32:10,720 --> 00:32:14,400
Speaker 6: we want resources going to the front line. We want

602
00:32:14,400 --> 00:32:17,320
Speaker 6: our doctors and nurses in a better position to provide

603
00:32:17,440 --> 00:32:21,600
Speaker 6: care to New Zealanders. That's our focus and so proposals

604
00:32:21,640 --> 00:32:23,320
Speaker 6: like that don't have truck with us.

605
00:32:23,840 --> 00:32:26,480
Speaker 3: That is the Finance Minister, Nicola Willis Nicola, thank you

606
00:32:26,560 --> 00:32:27,840
Speaker 3: very much for your time this morning.

607
00:32:27,960 --> 00:32:30,400
Speaker 2: Enjoy the dawn. It is seventeen to six.

608
00:32:31,760 --> 00:32:35,240
Speaker 4: Get ahead of the headlines. Ryan Bridge, you for twenty

609
00:32:35,320 --> 00:32:38,920
Speaker 4: twenty four on early edition with Smith City, New Zealand,

610
00:32:39,000 --> 00:32:40,720
Speaker 4: furniture beds and a player store.

611
00:32:40,840 --> 00:32:41,480
Speaker 2: News Talks.

612
00:32:41,480 --> 00:32:43,480
Speaker 3: It'd be five to six on news talks. He'd be

613
00:32:43,600 --> 00:32:46,320
Speaker 3: the Prince and Princess of Wales, causing a bit of

614
00:32:46,360 --> 00:32:49,240
Speaker 3: a stir Online there's a video of them thanking Team

615
00:32:49,280 --> 00:32:50,600
Speaker 3: GB over the Olympics.

616
00:32:50,920 --> 00:32:55,400
Speaker 6: From all of us watching our home, CONGRATULATINGSKMGB.

617
00:32:54,440 --> 00:32:55,640
Speaker 2: Well done or you've achieved.

618
00:32:55,720 --> 00:32:57,080
Speaker 4: You've got an inspiration to usall.

619
00:32:58,160 --> 00:33:00,040
Speaker 3: So the problem is not well not the problem, but

620
00:33:00,160 --> 00:33:01,640
Speaker 3: the issue is not what they're saying about what they

621
00:33:01,720 --> 00:33:06,360
Speaker 3: look like. Prince William has got a beard, his tanned,

622
00:33:06,920 --> 00:33:10,840
Speaker 3: he's bearded and people are asking is this the new

623
00:33:11,000 --> 00:33:14,800
Speaker 3: millennial version of the monarchy or is he just on

624
00:33:15,160 --> 00:33:18,120
Speaker 3: summer vacation? Mike, what do you reckon? You've seen it.

625
00:33:20,280 --> 00:33:20,560
Speaker 8: Helps?

626
00:33:21,200 --> 00:33:23,320
Speaker 14: So he's improved visually because of the tan, because he's

627
00:33:23,320 --> 00:33:25,040
Speaker 14: a pasty wee thing at the best of times, like

628
00:33:25,120 --> 00:33:29,560
Speaker 14: so many Brits who go on holiday. But she looks spectacular,

629
00:33:29,720 --> 00:33:32,080
Speaker 14: she does in terms of how well she looks, and

630
00:33:32,160 --> 00:33:34,480
Speaker 14: if you compare her, because she's wearing the same top

631
00:33:35,000 --> 00:33:37,480
Speaker 14: as she wore for the video when she announced the cancer,

632
00:33:38,480 --> 00:33:40,560
Speaker 14: and so it's one of her favorite tops. And so

633
00:33:41,520 --> 00:33:43,719
Speaker 14: if you look at her in the video, the original

634
00:33:43,800 --> 00:33:47,880
Speaker 14: video versus this current video, she's a revelation.

635
00:33:48,000 --> 00:33:50,480
Speaker 3: But he I mean, obviously I'm focusing on him for

636
00:33:50,760 --> 00:33:53,960
Speaker 3: obvious reasons. But he looks good, Yeah, he does. And

637
00:33:54,040 --> 00:33:56,160
Speaker 3: when you're a good looking guy, when you're boiling on top,

638
00:33:56,320 --> 00:33:58,160
Speaker 3: it pays to compensate down.

639
00:33:58,360 --> 00:33:58,960
Speaker 6: Is that what it was?

640
00:33:59,200 --> 00:33:59,920
Speaker 2: Is that what it is?

641
00:34:00,000 --> 00:34:00,239
Speaker 8: Do you think?

642
00:34:00,280 --> 00:34:00,320
Speaker 5: So?

643
00:34:00,320 --> 00:34:00,680
Speaker 2: I think?

644
00:34:00,720 --> 00:34:03,240
Speaker 14: So, how do you explain yourself because you're not balding

645
00:34:03,320 --> 00:34:05,640
Speaker 14: on top, are you? I mean, you've got to arguably

646
00:34:05,720 --> 00:34:09,200
Speaker 14: got too much. Again, they all over debate anyway, Adrian

647
00:34:09,360 --> 00:34:11,480
Speaker 14: or Man of the moment will be with us after

648
00:34:11,480 --> 00:34:13,520
Speaker 14: seventy thirty for a discussion.

649
00:34:13,840 --> 00:34:16,360
Speaker 2: Thank You. See you tomorrow Friday.

650
00:34:19,400 --> 00:34:21,960
Speaker 4: For more from News Talks ed B, listen live on

651
00:34:22,120 --> 00:34:25,040
Speaker 4: air or online, and keep our shows with you wherever

652
00:34:25,120 --> 00:34:27,680
Speaker 4: you go with our podcasts on iHeartRadio