1 00:00:01,960 --> 00:00:06,400 Speaker 1: The issues is the interviews and the insight. Ryan Bridge 2 00:00:06,400 --> 00:00:10,000 Speaker 1: on early edition with one roof make your property search 3 00:00:10,320 --> 00:00:11,879 Speaker 1: simple used dogs. 4 00:00:11,920 --> 00:00:13,280 Speaker 2: That'd be good morning. 5 00:00:13,320 --> 00:00:16,240 Speaker 3: It is six after five Wednesday, the thirtieth of April. 6 00:00:16,239 --> 00:00:17,960 Speaker 2: Great to have your company this morning. 7 00:00:18,239 --> 00:00:20,600 Speaker 3: We have a story for its news story this morning 8 00:00:20,680 --> 00:00:22,760 Speaker 3: on auditing a tumid ecre bit of a worry. 9 00:00:22,840 --> 00:00:24,960 Speaker 2: A thousand kids are on a weight list. 10 00:00:25,360 --> 00:00:28,760 Speaker 3: Someone reports them to ordering a tumbdykey says they're worried 11 00:00:28,800 --> 00:00:31,520 Speaker 3: about them. A thousand kids are on a weight list 12 00:00:31,520 --> 00:00:33,240 Speaker 3: and not being seen in the time that they should. 13 00:00:33,240 --> 00:00:35,159 Speaker 2: We'll look at that. Just before six o'clock. 14 00:00:34,800 --> 00:00:37,000 Speaker 3: This morning, we're in Ottawa for the latest on the 15 00:00:37,080 --> 00:00:40,680 Speaker 3: Canadian election. We'll have Gavin Gray in the UK and 16 00:00:40,960 --> 00:00:44,000 Speaker 3: lotsmall little bits for you this morning to keep you going. 17 00:00:44,080 --> 00:00:45,120 Speaker 3: Six after five. 18 00:00:46,800 --> 00:00:47,479 Speaker 1: The agenda. 19 00:00:48,560 --> 00:00:51,560 Speaker 3: Carnie's revived the Liberal Party in Canada, scoring a fourth 20 00:00:51,680 --> 00:00:54,360 Speaker 3: term for them. The Trump bump was real, It turns 21 00:00:54,400 --> 00:00:57,480 Speaker 3: out a lot of tough talk. Question this morning whether 22 00:00:57,560 --> 00:00:59,400 Speaker 3: he follows through on it right. 23 00:00:59,520 --> 00:01:03,920 Speaker 4: Ties to the United States economically are so deep and 24 00:01:04,040 --> 00:01:07,880 Speaker 4: multifaceted that it's hard to imagine the situation, certainly in 25 00:01:07,920 --> 00:01:12,320 Speaker 4: which we cut them completely or in fact significantly reduce them. 26 00:01:12,600 --> 00:01:15,240 Speaker 4: We want to be talking to other partners. We want 27 00:01:15,280 --> 00:01:18,639 Speaker 4: to find a more rational way forward with the United States. 28 00:01:18,840 --> 00:01:20,320 Speaker 3: We'll head to Ottawa for the latest and just a 29 00:01:20,400 --> 00:01:23,240 Speaker 3: couple of minutes. One hundred days, the Trump kicks off 30 00:01:23,280 --> 00:01:24,640 Speaker 3: with a scrap with Amazon. 31 00:01:24,800 --> 00:01:26,039 Speaker 2: They were reportedly going to. 32 00:01:26,080 --> 00:01:29,760 Speaker 3: List Trump's tariffs alongside shipping costs at the bottom of 33 00:01:29,760 --> 00:01:31,920 Speaker 3: the page when you got to pay for stuff. Trump 34 00:01:32,000 --> 00:01:34,200 Speaker 3: went nuts. Here is Caroline Livitt. 35 00:01:34,319 --> 00:01:38,040 Speaker 5: This is a hostile and political act by Amazon. 36 00:01:38,440 --> 00:01:39,720 Speaker 6: Why did Amazon do this. 37 00:01:39,800 --> 00:01:43,199 Speaker 5: When the Biden administration heighted plation to the highest level 38 00:01:43,280 --> 00:01:44,280 Speaker 5: in forty years. 39 00:01:44,680 --> 00:01:47,680 Speaker 4: It's not a surprise because, as Reuters recently. 40 00:01:47,280 --> 00:01:51,680 Speaker 7: Wrote, Amazon, Amazon has partnered with a Chinese propaganda arm. 41 00:01:53,280 --> 00:01:56,440 Speaker 3: So the Paul yeah sorry, sheer price has gone up 42 00:01:56,480 --> 00:01:57,960 Speaker 3: and down in the I'll bring you up to speed 43 00:01:58,040 --> 00:01:59,520 Speaker 3: on this because there's been a development in the last 44 00:01:59,520 --> 00:02:02,760 Speaker 3: few minutes. Mike Johnson's speak out on the Defense this 45 00:02:02,880 --> 00:02:04,160 Speaker 3: morning over those bad. 46 00:02:03,960 --> 00:02:05,960 Speaker 2: Poll numbers we told you about earlier in the week. 47 00:02:06,200 --> 00:02:08,480 Speaker 8: What they're seeing and what the real polling is showing 48 00:02:08,960 --> 00:02:11,640 Speaker 8: is that they understand that we're headed somewhere. This is 49 00:02:11,720 --> 00:02:14,079 Speaker 8: the out of the gates, all these big achievements that 50 00:02:14,120 --> 00:02:16,359 Speaker 8: we just recounted, and I said, we're just getting started. 51 00:02:17,280 --> 00:02:20,360 Speaker 3: So over in Spain Portugal, they've officially ruled out a 52 00:02:20,360 --> 00:02:22,840 Speaker 3: cyber attack. It was the weather actually that caused the 53 00:02:22,840 --> 00:02:26,639 Speaker 3: mass power cut. The Spanish Prime Minister promising a full investigation. 54 00:02:27,080 --> 00:02:29,359 Speaker 9: We want to understand what has happened. We want to 55 00:02:29,400 --> 00:02:32,000 Speaker 9: adopt the measures so as to ensure that this does 56 00:02:32,040 --> 00:02:35,720 Speaker 9: not happen again. The technicians of the electricity grid are 57 00:02:35,760 --> 00:02:38,079 Speaker 9: continuing with their analysis of the situation. We heard that 58 00:02:38,120 --> 00:02:40,720 Speaker 9: there will be preliminary results shared in the next few 59 00:02:40,760 --> 00:02:41,720 Speaker 9: hours of days. 60 00:02:42,080 --> 00:02:42,720 Speaker 2: The news you. 61 00:02:42,800 --> 00:02:46,000 Speaker 1: Need this morning and the in depth analysis early edition 62 00:02:46,240 --> 00:02:49,760 Speaker 1: with Ryan Bridge and One Room Make your Property Search 63 00:02:50,080 --> 00:02:51,320 Speaker 1: Simple News Talks. 64 00:02:51,320 --> 00:02:53,519 Speaker 3: It'd be good morning to you. Great to have your company. 65 00:02:53,600 --> 00:02:56,120 Speaker 3: Nine minutes half to five. Nine ninety two is the 66 00:02:56,200 --> 00:02:58,080 Speaker 3: number to text. We'd love to hear from you this morning. 67 00:02:58,120 --> 00:03:01,320 Speaker 3: Now I'm going to say one thing about the completely 68 00:03:01,360 --> 00:03:05,320 Speaker 3: delusional Wellington mayor and then nothing else ever again maybe never, 69 00:03:05,360 --> 00:03:07,280 Speaker 3: I mean, maybe I will do it again, but at 70 00:03:07,360 --> 00:03:10,120 Speaker 3: least for today, Okay, because there are far more important 71 00:03:10,120 --> 00:03:11,560 Speaker 3: things going on in the world right now. 72 00:03:11,560 --> 00:03:14,640 Speaker 2: It actually doesn't matter. But just one final thing, just 73 00:03:14,680 --> 00:03:16,840 Speaker 2: a little thing. Did you know she's. 74 00:03:16,680 --> 00:03:19,680 Speaker 3: Gone off on an overseas holiday to celebrate the fact that. 75 00:03:19,600 --> 00:03:20,959 Speaker 2: She's no longer running for mayor. 76 00:03:21,520 --> 00:03:25,760 Speaker 3: Yes, toriy Faro is right now on a plane somewhere. 77 00:03:26,200 --> 00:03:28,320 Speaker 3: You cannot make this stuff up. It's like an episode 78 00:03:28,360 --> 00:03:30,280 Speaker 3: of Yes Minister, a really bad one. 79 00:03:30,639 --> 00:03:32,320 Speaker 2: The politician who said she was just. 80 00:03:32,320 --> 00:03:36,800 Speaker 3: Yesterday, remember, determined to sign all the contracts possible for 81 00:03:36,840 --> 00:03:38,920 Speaker 3: the Golden Mile. And the short time she's got left 82 00:03:38,920 --> 00:03:43,040 Speaker 3: in office, she's going to miss today's council meeting, and 83 00:03:43,440 --> 00:03:45,840 Speaker 3: she's going to miss a local government New Zealand meeting 84 00:03:45,840 --> 00:03:48,280 Speaker 3: of mayor's chairs and chief executives from the across the 85 00:03:48,280 --> 00:03:54,600 Speaker 3: country tomorrow. Now on to more important matters, the budget deficits. 86 00:03:54,600 --> 00:03:56,360 Speaker 3: We're going to talk about them a lot this morning. 87 00:03:56,760 --> 00:04:00,000 Speaker 3: Why because borrowing costs are high. We know this government's 88 00:04:00,040 --> 00:04:03,080 Speaker 3: have been splashing the cash post COVID our jet to 89 00:04:03,200 --> 00:04:06,160 Speaker 3: debt to GDP double to forty percent, meant to go 90 00:04:06,240 --> 00:04:09,720 Speaker 3: possibly to forty five. So Willis yesterday announced that she's 91 00:04:09,800 --> 00:04:12,880 Speaker 3: raining it in. It is game time over in the 92 00:04:12,880 --> 00:04:16,159 Speaker 3: States for Trump's big, beautiful budget bill. 93 00:04:16,440 --> 00:04:16,920 Speaker 2: Today. 94 00:04:17,480 --> 00:04:19,080 Speaker 3: This is to pay for the tax cuts and the 95 00:04:19,120 --> 00:04:20,919 Speaker 3: beefing up of the border, he's going to have to 96 00:04:20,960 --> 00:04:24,039 Speaker 3: slash and burn your medicaid, your benefits on the chopping block, 97 00:04:24,080 --> 00:04:26,400 Speaker 3: all that kind of stuff. So they're kicking off the 98 00:04:26,400 --> 00:04:29,080 Speaker 3: markup sessions in the House today to get this thing done, 99 00:04:29,160 --> 00:04:32,680 Speaker 3: and even once they do, they will still have one 100 00:04:32,720 --> 00:04:35,839 Speaker 3: of the biggest hikes to the federal deficit in recent 101 00:04:35,880 --> 00:04:38,680 Speaker 3: history in the US. We'll speak to Labour's finance spokesperson 102 00:04:38,720 --> 00:04:42,240 Speaker 3: about Nichola's budget inside the next twenty minutes here, but 103 00:04:42,360 --> 00:04:44,760 Speaker 3: here is the upshot of all of this for you 104 00:04:44,839 --> 00:04:49,320 Speaker 3: this morning. If you've got a mortgage, the sugar free diet, 105 00:04:49,400 --> 00:04:52,479 Speaker 3: that's what Nicolas got us on, basically, sugar free diet 106 00:04:53,040 --> 00:04:55,320 Speaker 3: could actually be good news is going to be good 107 00:04:55,320 --> 00:04:59,480 Speaker 3: news for you. Why because it shifts the onus forgetting 108 00:05:00,040 --> 00:05:05,600 Speaker 3: the economy moving from Nicola Willis's pouch to the reserve banks. 109 00:05:06,040 --> 00:05:08,800 Speaker 3: Nichola is not going to swipe the credit card to 110 00:05:08,880 --> 00:05:12,600 Speaker 3: get this thing moving. So poor old Christian Hawksby, who's 111 00:05:12,640 --> 00:05:14,640 Speaker 3: only going to be there for six months unless he 112 00:05:14,680 --> 00:05:17,359 Speaker 3: gets the full time job, he's going to have to 113 00:05:17,400 --> 00:05:21,919 Speaker 3: do the lifting for her, and that means lower interest rates, 114 00:05:22,400 --> 00:05:25,040 Speaker 3: ASB came out last night and said this. Remember they 115 00:05:25,040 --> 00:05:27,600 Speaker 3: were aiming for neutral by Christmas. That's three percent. That's 116 00:05:27,640 --> 00:05:30,360 Speaker 3: seventy five points off by December. Some of the economists 117 00:05:30,360 --> 00:05:33,080 Speaker 3: already reckon, we'll go lower than that two point seventy five. 118 00:05:33,240 --> 00:05:36,840 Speaker 3: One even said two point five. So Trump aside. 119 00:05:37,120 --> 00:05:38,040 Speaker 2: The question this. 120 00:05:37,960 --> 00:05:40,839 Speaker 3: Morning, and it's a good one if you have a mortgage, 121 00:05:40,920 --> 00:05:42,200 Speaker 3: is just how low do we go? 122 00:05:43,320 --> 00:05:44,400 Speaker 2: Eleven minutes after five. 123 00:05:44,440 --> 00:05:49,000 Speaker 3: Coming up next, we're speaking of Reserve Bank governors and politicians. 124 00:05:49,080 --> 00:05:52,520 Speaker 3: Carney has been both. He's now in charge of Canada 125 00:05:52,720 --> 00:05:55,000 Speaker 3: Proper and we're in Ottawa for the latest. 126 00:05:56,200 --> 00:05:59,840 Speaker 1: Get ahead of the headlines on early edition with Ryan 127 00:06:00,520 --> 00:06:05,000 Speaker 1: and one roof Make Your Property Search Simple News Talk ZAB. 128 00:06:04,920 --> 00:06:06,280 Speaker 2: Five fourteen on News Talks HEB. 129 00:06:06,440 --> 00:06:08,360 Speaker 3: So this report, I'll just bring you up to speed 130 00:06:08,400 --> 00:06:10,400 Speaker 3: with the latest on this Amazon thing this morning. So 131 00:06:10,640 --> 00:06:13,880 Speaker 3: Amazon was going to list the tariff cost on the 132 00:06:13,960 --> 00:06:14,760 Speaker 3: checkout when you go. 133 00:06:14,720 --> 00:06:15,440 Speaker 2: To pay for stuff. 134 00:06:15,440 --> 00:06:17,320 Speaker 3: You know, when you go and it'll say this is 135 00:06:17,360 --> 00:06:20,320 Speaker 3: your GST or your VAT, this is your shipping cost. 136 00:06:20,680 --> 00:06:23,839 Speaker 3: They were then going to put basically like Trump's tariffs 137 00:06:24,080 --> 00:06:25,200 Speaker 3: and how much it was going. 138 00:06:25,160 --> 00:06:25,640 Speaker 2: To cost you. 139 00:06:25,720 --> 00:06:29,479 Speaker 3: This was the report in the press this morning. Trump 140 00:06:29,560 --> 00:06:33,200 Speaker 3: when Nato gets on the phone to Bezos, Bezos gets 141 00:06:33,200 --> 00:06:36,080 Speaker 3: on the blower, he calls his team and there's a 142 00:06:36,080 --> 00:06:38,560 Speaker 3: full back down. This is the statement from Tim Doyle. 143 00:06:38,640 --> 00:06:42,080 Speaker 3: They wheeled him out. Amazon spokesperson this morning. The team 144 00:06:42,120 --> 00:06:45,560 Speaker 3: that runs out ultra low cost Amazon Hall store considered 145 00:06:45,560 --> 00:06:47,880 Speaker 3: the idea of listening import changes on certain products. This 146 00:06:48,000 --> 00:06:51,160 Speaker 3: was never approved and is not going to happen. That's 147 00:06:51,160 --> 00:06:54,160 Speaker 3: how your unfart when Trump gets angry. It's just gone 148 00:06:54,200 --> 00:06:57,479 Speaker 3: quarter past five, Ryan Bridge. So the Trump boo speaking 149 00:06:57,520 --> 00:07:00,800 Speaker 3: of was real. Canti's won the Canadian election. Insult to 150 00:07:00,880 --> 00:07:04,799 Speaker 3: injury this morning for Pierre Pogiev, the guy Cannie beat. 151 00:07:04,880 --> 00:07:07,200 Speaker 3: He's projicted to lose his seat in the House of 152 00:07:07,240 --> 00:07:10,000 Speaker 3: Commons too. He's held it for twenty years now. Some 153 00:07:10,120 --> 00:07:12,119 Speaker 3: liberals are going to take it off him. He's lost 154 00:07:12,160 --> 00:07:14,520 Speaker 3: the chance of becoming Prime minister, end his seat. That 155 00:07:14,680 --> 00:07:16,960 Speaker 3: is a bad day at the office. Feature Storying News 156 00:07:17,040 --> 00:07:18,760 Speaker 3: political analyst Nick harpers with us this morning. 157 00:07:18,800 --> 00:07:22,480 Speaker 2: Nick, Good morning, Good morning, Ryan. That's pretty embarrassing for him, 158 00:07:22,560 --> 00:07:22,920 Speaker 2: isn't it. 159 00:07:23,760 --> 00:07:26,760 Speaker 7: Oh complete disaster? Like you say, he has been and 160 00:07:26,800 --> 00:07:28,680 Speaker 7: then being for a very long time. He's been there 161 00:07:28,840 --> 00:07:31,160 Speaker 7: and he's been going through a lot of things, and 162 00:07:31,200 --> 00:07:33,240 Speaker 7: he thought three months ago that he was going to 163 00:07:33,240 --> 00:07:37,480 Speaker 7: be leading Canada into the foreseeable future. But then we 164 00:07:37,520 --> 00:07:41,720 Speaker 7: saw this tremendous turnaround in the polls. The Conservatives' double 165 00:07:41,760 --> 00:07:45,360 Speaker 7: point lead suddenly completely fell away, and going into the election, 166 00:07:45,440 --> 00:07:47,320 Speaker 7: the Liberals were leading it. As we saw on the light, 167 00:07:47,640 --> 00:07:51,640 Speaker 7: the Liberals took a fourth term, mark Carney remaining as 168 00:07:51,640 --> 00:07:53,560 Speaker 7: the Prime Minister. He was there for a few weeks 169 00:07:53,560 --> 00:07:56,280 Speaker 7: ahead of the election after he took over from Justin Trudeau. 170 00:07:56,920 --> 00:08:00,000 Speaker 7: He will now be serving a full term as Prime minister. 171 00:08:00,400 --> 00:08:04,680 Speaker 7: Before Donald Trump came into office, this seemed unthinkable because 172 00:08:04,760 --> 00:08:07,800 Speaker 7: Canada was quite simply fed up with Liberals, fed up 173 00:08:07,880 --> 00:08:10,400 Speaker 7: with Justin Trudeau at the head of the party. He 174 00:08:10,520 --> 00:08:13,520 Speaker 7: stepped down at a time when he was particularly unpopular, 175 00:08:13,520 --> 00:08:15,160 Speaker 7: and the thinking was that this was going to be 176 00:08:15,200 --> 00:08:18,800 Speaker 7: a referendum on Justin Trudeau and therefore the other party, 177 00:08:18,840 --> 00:08:22,240 Speaker 7: the Conservatives, would have won. That's not what happened, largely 178 00:08:22,280 --> 00:08:24,400 Speaker 7: because of the Trump effect and everything that he's been 179 00:08:24,440 --> 00:08:26,560 Speaker 7: saying about Canada over the last few. 180 00:08:26,400 --> 00:08:29,760 Speaker 3: Monthsick obviously an incredible feat for him. But is this 181 00:08:29,840 --> 00:08:32,280 Speaker 3: I just wonder, is this the high tide mark for 182 00:08:32,360 --> 00:08:35,680 Speaker 3: mac Canney. You know, sure Trump helped unite Canada, but 183 00:08:35,880 --> 00:08:39,360 Speaker 3: all of those problems that had Polly of twenty five 184 00:08:39,360 --> 00:08:41,680 Speaker 3: points that here just a few weeks ago haven't gone away. 185 00:08:41,800 --> 00:08:43,600 Speaker 3: The cost of living, the crime. 186 00:08:43,280 --> 00:08:45,280 Speaker 2: And you've had a decade of liberal rule. 187 00:08:45,320 --> 00:08:48,400 Speaker 3: Now he's got a hell of a job, doesn't he. 188 00:08:48,400 --> 00:08:50,840 Speaker 7: He has. Yeah, there are plenty of problems that many 189 00:08:50,840 --> 00:08:54,000 Speaker 7: Canadians were nunhappy with, housing, the cost of living, problems 190 00:08:54,040 --> 00:08:57,960 Speaker 7: with the healthcare system, immigration, all of those problems are 191 00:08:58,000 --> 00:09:01,280 Speaker 7: things that Mark Carney needs to tackle while also trying 192 00:09:01,320 --> 00:09:03,920 Speaker 7: to unite the country around Donald Trump. We could see 193 00:09:03,960 --> 00:09:07,719 Speaker 7: tariffs potentially disappear overnight. We know that Donald Trump likes 194 00:09:07,720 --> 00:09:11,600 Speaker 7: to change things really day by day with one tweet 195 00:09:11,720 --> 00:09:14,600 Speaker 7: or another. Of course, if those all disappear, suddenly, this 196 00:09:15,000 --> 00:09:18,320 Speaker 7: reason why he was elected as Prime minister vanishes, and 197 00:09:18,400 --> 00:09:21,280 Speaker 7: those big problems that Canadians really want to be dealt 198 00:09:21,280 --> 00:09:23,840 Speaker 7: with something that he will then have to tackle. I mean, 199 00:09:23,840 --> 00:09:25,120 Speaker 7: it's going to be a tough time for him. He 200 00:09:25,160 --> 00:09:27,800 Speaker 7: has a tremendous to do list to try and work 201 00:09:27,840 --> 00:09:30,240 Speaker 7: out and that's not without mentioning the fact that he 202 00:09:30,280 --> 00:09:33,080 Speaker 7: will have to deal with his nearest neighbor, the United States, 203 00:09:33,120 --> 00:09:35,440 Speaker 7: and try and work out a trade policy in a 204 00:09:35,440 --> 00:09:37,560 Speaker 7: way that the two countries can move forward together. 205 00:09:37,800 --> 00:09:39,960 Speaker 3: Yeah, hey, just quickly, there's one hundred and seventy two, 206 00:09:40,040 --> 00:09:42,679 Speaker 3: the magic number for a majority with no idea yet 207 00:09:42,720 --> 00:09:43,440 Speaker 3: whither they've got the. 208 00:09:43,480 --> 00:09:46,719 Speaker 7: Yet no, not quite there yet, and it could be that, 209 00:09:46,920 --> 00:09:49,400 Speaker 7: you know, he will need to scrabble around for some 210 00:09:49,520 --> 00:09:52,560 Speaker 7: other parties to be able to build that coalition. It 211 00:09:52,559 --> 00:09:54,319 Speaker 7: could be difficult for him to do, and of course 212 00:09:54,520 --> 00:09:57,600 Speaker 7: that reduces his ability his mandate to lead the country 213 00:09:57,880 --> 00:10:00,360 Speaker 7: if he hasn't got quite the majority he needs. 214 00:10:00,800 --> 00:10:03,120 Speaker 3: Nick, appreciate your time. Great to have you on feature story. 215 00:10:03,200 --> 00:10:06,080 Speaker 3: News political analyst Nick Harper with us this morning. Quebecua 216 00:10:06,320 --> 00:10:08,160 Speaker 3: is the party that will hold the balance of power 217 00:10:08,160 --> 00:10:10,160 Speaker 3: should they not reach one hundred and seventy two. They're 218 00:10:10,200 --> 00:10:13,679 Speaker 3: a left leaning regional party. Eighteen minutes after five, your 219 00:10:13,760 --> 00:10:16,720 Speaker 3: News Talk said b Barb is here next, Barbara Edmonds 220 00:10:16,720 --> 00:10:19,520 Speaker 3: from Labor. She's gonna have a crack at Nickeler about 221 00:10:19,520 --> 00:10:22,079 Speaker 3: the budget announcement yesterday on. 222 00:10:22,120 --> 00:10:26,800 Speaker 1: Your radio and online on iHeartRadio early edition with Ryan 223 00:10:26,880 --> 00:10:30,439 Speaker 1: Bridge and one roof to make your property search simple. 224 00:10:30,880 --> 00:10:31,800 Speaker 1: News Talk said be. 225 00:10:32,120 --> 00:10:34,760 Speaker 3: Five twenty Gavin Gray Amen in the UK. Europe is 226 00:10:34,800 --> 00:10:37,240 Speaker 3: with us after the half news. This is on the 227 00:10:37,320 --> 00:10:40,199 Speaker 3: latest for Spain and Portugal right now. The government harving 228 00:10:40,240 --> 00:10:42,559 Speaker 3: the operating allowance and this budget to one point three 229 00:10:42,640 --> 00:10:45,720 Speaker 3: billion it was two point four billion billions and savings 230 00:10:45,760 --> 00:10:49,720 Speaker 3: will be found to fund new stuff, health, education, cops, defense, 231 00:10:49,760 --> 00:10:52,120 Speaker 3: They're all getting a boost, according to the minister yesterday. 232 00:10:52,480 --> 00:10:54,880 Speaker 3: Labour's finance spokesperst and Barbara Evans will be this morning. 233 00:10:54,880 --> 00:10:57,520 Speaker 2: Barbara, good morning, Good morning, Ryan. 234 00:10:57,559 --> 00:10:57,920 Speaker 10: How are you. 235 00:10:58,080 --> 00:10:59,559 Speaker 2: I'm very well, thank you. Good to have you on. 236 00:10:59,760 --> 00:11:02,000 Speaker 3: Did you see that note from ASB last night They're 237 00:11:02,000 --> 00:11:04,320 Speaker 3: perking interest rates will have to go lower to do 238 00:11:04,400 --> 00:11:05,800 Speaker 3: more of the heavy lifting for growth. 239 00:11:05,800 --> 00:11:06,520 Speaker 2: What do you make of it? 240 00:11:07,480 --> 00:11:10,440 Speaker 10: Yeah, that I've seen that commentary a little bit as 241 00:11:10,480 --> 00:11:14,680 Speaker 10: well online from different economists and that's really to help 242 00:11:14,760 --> 00:11:18,600 Speaker 10: stimulate the economy and growth. So if that's the case, 243 00:11:18,600 --> 00:11:20,840 Speaker 10: I mean, I know the Reserve Bank governor or the 244 00:11:20,840 --> 00:11:24,040 Speaker 10: previous guy said that there'll be two cuts before the 245 00:11:24,040 --> 00:11:27,199 Speaker 10: middle of the year. So the Financial Stability Report will 246 00:11:27,240 --> 00:11:30,160 Speaker 10: come out next week, so it'll be interesting to see 247 00:11:30,200 --> 00:11:30,760 Speaker 10: where they land. 248 00:11:30,960 --> 00:11:32,959 Speaker 3: That would be a good thing, though, wouldn't it. I mean, 249 00:11:33,000 --> 00:11:35,880 Speaker 3: if you have the Reserve Bank doing more of the 250 00:11:35,920 --> 00:11:39,000 Speaker 3: heavy lifting bringing our mortgage rates down so we're not 251 00:11:39,080 --> 00:11:41,240 Speaker 3: so poor, is that not a good outcome? 252 00:11:42,040 --> 00:11:44,560 Speaker 10: Yeah, that is a good outcome if you've got a 253 00:11:44,600 --> 00:11:48,440 Speaker 10: mortgage and if you rent, obviously, But it's very much 254 00:11:48,559 --> 00:11:51,679 Speaker 10: clear that it's at the economy is not growing. 255 00:11:52,080 --> 00:11:54,920 Speaker 2: Yeah, yeah, yeah, I know, But I mean, well, who's 256 00:11:55,000 --> 00:11:57,160 Speaker 2: is at the moment? I suppose that's the problem, isn't it. 257 00:11:58,280 --> 00:12:01,040 Speaker 3: So the surplus, that's what we want to get to, right, 258 00:12:01,080 --> 00:12:03,400 Speaker 3: and this is why she's she's cut the operating allowance 259 00:12:03,440 --> 00:12:05,800 Speaker 3: because she wants to get that surplus by twenty twenty nine. 260 00:12:06,080 --> 00:12:07,360 Speaker 2: Is that not a laudable goal? 261 00:12:08,640 --> 00:12:11,120 Speaker 10: Well, it comes down to what are the choices she's 262 00:12:11,160 --> 00:12:14,240 Speaker 10: going to have to make to get to that surplus. 263 00:12:14,600 --> 00:12:19,840 Speaker 10: So again we've had concerns around productivity. We want to 264 00:12:19,840 --> 00:12:23,120 Speaker 10: make sure that that they're smart investment. You know, it's 265 00:12:23,160 --> 00:12:25,920 Speaker 10: really clear and New Zealand does have a productivity issue 266 00:12:26,080 --> 00:12:29,760 Speaker 10: and some of those key areas like innovation, research and development, 267 00:12:30,080 --> 00:12:32,360 Speaker 10: that's where smart governments. 268 00:12:32,280 --> 00:12:35,400 Speaker 3: Totally, but that we've had those problems for thirty years now, 269 00:12:35,600 --> 00:12:38,200 Speaker 3: haven't we If we're looking at the here and now, 270 00:12:38,320 --> 00:12:41,480 Speaker 3: surely the bigger issue is the debt. You know, debt 271 00:12:41,520 --> 00:12:44,560 Speaker 3: to GDP is forty percent heading to forty five. It's 272 00:12:44,600 --> 00:12:47,719 Speaker 3: twice what it was pre COVID. Borrowing costs are going up. 273 00:12:48,240 --> 00:12:49,960 Speaker 3: You know, what do we do if we have an earthquake? 274 00:12:50,000 --> 00:12:51,800 Speaker 3: What do we do if there's a cyclone? You know, 275 00:12:51,840 --> 00:12:54,400 Speaker 3: we've got Trump and his terrace. We're a small trading nation. 276 00:12:55,040 --> 00:12:57,000 Speaker 3: When is a good time to get to surplus and 277 00:12:57,040 --> 00:12:58,319 Speaker 3: start paying down debt? 278 00:12:58,520 --> 00:12:58,920 Speaker 2: Barbara? 279 00:12:59,679 --> 00:13:02,160 Speaker 10: Yeah, And the point is key that as long as 280 00:13:02,200 --> 00:13:06,800 Speaker 10: the economy is growing, your deep to GDP measure will fall. 281 00:13:07,120 --> 00:13:09,800 Speaker 10: So that's the really important part to it. You know, 282 00:13:09,920 --> 00:13:12,600 Speaker 10: labor had a surplus before we went into COVID in 283 00:13:12,640 --> 00:13:16,600 Speaker 10: twenty nineteen of seven billion dollars. And you're right, you 284 00:13:16,679 --> 00:13:19,160 Speaker 10: put the umbrella up when you need to when there's 285 00:13:19,200 --> 00:13:22,240 Speaker 10: a pandemic, when there was a cyclone, so it's making 286 00:13:22,280 --> 00:13:23,480 Speaker 10: sure you have that headroom. 287 00:13:23,640 --> 00:13:25,640 Speaker 2: Was there a little too much umbrella? Do you think? 288 00:13:27,240 --> 00:13:30,199 Speaker 10: Well, we had to invest to keep people in jobs. 289 00:13:30,600 --> 00:13:33,520 Speaker 10: We had the lowest COVID mortality rates in the world. 290 00:13:34,280 --> 00:13:36,520 Speaker 10: You know, we had record low employment when Treasury was 291 00:13:36,559 --> 00:13:38,880 Speaker 10: forecasting economic but it. 292 00:13:38,800 --> 00:13:40,280 Speaker 3: Was all going to have to be paid for at 293 00:13:40,280 --> 00:13:42,679 Speaker 3: some point, which is what's happening now, isn't it. I mean, 294 00:13:42,720 --> 00:13:44,480 Speaker 3: that's the lesson we've learned, Barbara. 295 00:13:45,160 --> 00:13:47,520 Speaker 10: And that's the interesting thing is that actually we only 296 00:13:47,559 --> 00:13:50,760 Speaker 10: went into a recession last year. We were actually still 297 00:13:50,800 --> 00:13:53,640 Speaker 10: growing in the Treasury said that to me. 298 00:13:54,920 --> 00:13:57,640 Speaker 3: The Treasury economists, sorry, say that again. The Treasury chief 299 00:13:57,679 --> 00:14:00,439 Speaker 3: economist told you that the growth that. 300 00:14:00,400 --> 00:14:04,160 Speaker 10: We had been growing, we still had actual marginal growth 301 00:14:04,520 --> 00:14:08,360 Speaker 10: post COVID, And actually we only went into recession the 302 00:14:08,440 --> 00:14:10,280 Speaker 10: last three quarters of the last financial year. 303 00:14:10,360 --> 00:14:11,600 Speaker 2: Yeah, everybody knows that. 304 00:14:11,640 --> 00:14:13,480 Speaker 3: But you're not saying that's just because we had a 305 00:14:13,559 --> 00:14:15,640 Speaker 3: national government, are you. 306 00:14:15,679 --> 00:14:18,680 Speaker 10: No, all we're saying that this is where choices really matter. 307 00:14:18,800 --> 00:14:22,840 Speaker 10: But the choices houses you keep construction workers in jobs, 308 00:14:22,840 --> 00:14:26,160 Speaker 10: you build homes. Government's pulling back at a time when 309 00:14:26,160 --> 00:14:27,200 Speaker 10: they should be investing. 310 00:14:27,320 --> 00:14:30,360 Speaker 3: But you guys went too HUNDI, didn't you. And you 311 00:14:30,440 --> 00:14:33,080 Speaker 3: mentioned the fact we were growing, but inflation was through 312 00:14:33,120 --> 00:14:36,160 Speaker 3: the roof. We had to bring that under control. That's 313 00:14:36,200 --> 00:14:37,440 Speaker 3: what's happening now. 314 00:14:37,800 --> 00:14:40,040 Speaker 10: And that goes to your earlier points right around the 315 00:14:40,080 --> 00:14:42,480 Speaker 10: Reserve Bank having to do a lot of that heavy lifting, 316 00:14:42,480 --> 00:14:45,080 Speaker 10: and they believed that they needed to hike interest rates 317 00:14:45,160 --> 00:14:48,120 Speaker 10: up to bring inflation down because that's their mandate. So 318 00:14:48,240 --> 00:14:51,160 Speaker 10: seeing that ASB the commentators are saying, well, they think 319 00:14:51,200 --> 00:14:53,800 Speaker 10: interest rates are going to drop further, that's the Reserve 320 00:14:53,840 --> 00:14:54,840 Speaker 10: Bank doing their job. 321 00:14:55,120 --> 00:14:57,040 Speaker 3: All right, I really appreciate you coming on the show 322 00:14:57,080 --> 00:15:00,760 Speaker 3: as always. Barbara Edmonds, Labour's finance spokesperson. Twenty five minutes 323 00:15:00,760 --> 00:15:02,040 Speaker 3: after five News Talks have been. 324 00:15:02,720 --> 00:15:06,800 Speaker 1: The early edition full show podcast on iHeartRadio how It 325 00:15:06,920 --> 00:15:07,880 Speaker 1: By News Talks AB. 326 00:15:09,400 --> 00:15:11,600 Speaker 3: Five twenty seven News Talk said, B, where you can't 327 00:15:11,680 --> 00:15:14,640 Speaker 3: say that we weren't warned. Nikola Willis will be taking 328 00:15:14,640 --> 00:15:17,280 Speaker 3: to government spending like a butcher to a fresh carcass. 329 00:15:17,800 --> 00:15:20,520 Speaker 3: She has been saying that for months. Yesterday she has 330 00:15:20,560 --> 00:15:23,240 Speaker 3: the operating alliance to one point three billion. All this 331 00:15:23,400 --> 00:15:25,360 Speaker 3: because she wants to do what she said she'd do 332 00:15:25,640 --> 00:15:27,760 Speaker 3: and planned to do, and that's balanced the books by 333 00:15:27,760 --> 00:15:31,280 Speaker 3: twenty twenty nine. The recessions cut her tax takes, So 334 00:15:31,360 --> 00:15:33,200 Speaker 3: you either push your surplus out or you trim your 335 00:15:33,240 --> 00:15:36,480 Speaker 3: spending labor. Of course, says this is austerity and it's 336 00:15:36,520 --> 00:15:39,640 Speaker 3: bad and we should be spending more, not less. Well, 337 00:15:39,840 --> 00:15:41,880 Speaker 3: we know where that got us, don't We waiste deep 338 00:15:41,920 --> 00:15:45,360 Speaker 3: in our own shite shape that Willis is now wading 339 00:15:45,400 --> 00:15:47,960 Speaker 3: her way through trying to clean it up. Budgets are 340 00:15:48,000 --> 00:15:50,120 Speaker 3: just bigger versions of what we all do in our 341 00:15:50,160 --> 00:15:52,800 Speaker 3: own day to day lives. We make decisions, We make 342 00:15:52,920 --> 00:15:55,880 Speaker 3: choices about how much to spend, how much to borrow, 343 00:15:56,360 --> 00:15:59,800 Speaker 3: what we spend on, and more importantly, what we don't. 344 00:16:00,360 --> 00:16:03,280 Speaker 3: And if you ask most kiwis today what they're doing 345 00:16:03,360 --> 00:16:07,240 Speaker 3: right now, are they doing a Hipkins borrowing and splashing 346 00:16:07,280 --> 00:16:11,200 Speaker 3: the cash, stacking the pantry with nice brand, spanking new purchases. 347 00:16:11,360 --> 00:16:14,200 Speaker 3: Or are they doing a Willis spending on the stuff 348 00:16:14,200 --> 00:16:17,320 Speaker 3: that you need, cutting the stuff that you don't, and 349 00:16:17,400 --> 00:16:20,160 Speaker 3: trying to balance your budget so you can start paying 350 00:16:20,200 --> 00:16:23,040 Speaker 3: down your debt. I reckon most Kiwis are doing the latter, 351 00:16:23,280 --> 00:16:26,520 Speaker 3: and in that score, she's on the money. But here's 352 00:16:26,520 --> 00:16:29,480 Speaker 3: the thing to worry about, and it's a worry every 353 00:16:29,520 --> 00:16:32,720 Speaker 3: time there's an election. The political calculation for budget twenty 354 00:16:32,760 --> 00:16:36,120 Speaker 3: twenty five will be very different to Budget twenty twenty six. 355 00:16:36,480 --> 00:16:38,240 Speaker 3: You can get away with running a tight ship in 356 00:16:38,280 --> 00:16:40,880 Speaker 3: the off season, but next year we're going to the polls. 357 00:16:41,400 --> 00:16:44,520 Speaker 3: Just look across the Tasman for a whiff of how 358 00:16:44,640 --> 00:16:48,360 Speaker 3: mad that makes us and by extension, our politicians. Elbow's 359 00:16:48,440 --> 00:16:51,960 Speaker 3: borrowing so much for his spand angle election promises that 360 00:16:52,000 --> 00:16:55,080 Speaker 3: stand in pause, threatening to downgrade their triple A credit rating. 361 00:16:55,440 --> 00:16:59,520 Speaker 3: Debt funded elections, spending so out the gate, it's pushing 362 00:16:59,520 --> 00:17:03,000 Speaker 3: government out outlays to the highest levels since World War Two. 363 00:17:03,800 --> 00:17:06,080 Speaker 3: They're now promising to cut seven billion dollars out of 364 00:17:06,080 --> 00:17:08,800 Speaker 3: the public service. Least they pushed the boat out too far. 365 00:17:08,960 --> 00:17:12,680 Speaker 3: And this is a labor government across the testament. Let's 366 00:17:12,720 --> 00:17:15,280 Speaker 3: not forget the coalition's been dining out on the credit 367 00:17:15,320 --> 00:17:17,960 Speaker 3: card too. It's not just the lefties. And this is 368 00:17:18,000 --> 00:17:22,280 Speaker 3: the lesson and the warning this morning. Being frugal and 369 00:17:22,359 --> 00:17:25,520 Speaker 3: thrifty is easy when you're not trying to buy an election. 370 00:17:25,680 --> 00:17:29,400 Speaker 3: So yes, Willis is making the right noises for now, 371 00:17:30,280 --> 00:17:33,159 Speaker 3: but next year might just be a different story. 372 00:17:33,560 --> 00:17:34,560 Speaker 1: Bryan Bridge. 373 00:17:34,800 --> 00:17:37,320 Speaker 3: By twenty nine, Y're on news Talk, saidb Gavin Gray 374 00:17:37,320 --> 00:17:39,480 Speaker 3: out of the UK. After news, we'll get to our 375 00:17:39,480 --> 00:17:43,240 Speaker 3: reporters around the country and news. 376 00:17:42,920 --> 00:17:45,840 Speaker 1: And views you trust to start your day. It's early 377 00:17:46,040 --> 00:17:49,760 Speaker 1: edition with Ryan Bridge and One Room Make your property 378 00:17:49,840 --> 00:17:50,880 Speaker 1: search simple. 379 00:17:51,000 --> 00:17:52,320 Speaker 5: Can you talk, Siv. 380 00:17:58,119 --> 00:17:59,800 Speaker 2: Keep morning. It is twenty four minutes away from the 381 00:18:00,240 --> 00:18:01,080 Speaker 2: news talk, said b. 382 00:18:01,200 --> 00:18:04,520 Speaker 3: We just had Barbara Edmonds, Labur's finance spokesperson on Nikola 383 00:18:04,560 --> 00:18:07,320 Speaker 3: Willis's budget, which she's trimming a lot of fat to 384 00:18:07,359 --> 00:18:10,480 Speaker 3: be trimmed. Kirsten says, oh, my goodness, this is what's 385 00:18:10,480 --> 00:18:13,160 Speaker 3: scary about labor. Thus, Ben Spin Spin Ryan God helped 386 00:18:13,160 --> 00:18:15,880 Speaker 3: the country. If Barbara ever gets her hands on the books, 387 00:18:16,480 --> 00:18:19,560 Speaker 3: and Dan says, surely that is not a person trying 388 00:18:19,600 --> 00:18:22,160 Speaker 3: to represent our country and finance. The thing about Barbara 389 00:18:22,240 --> 00:18:26,480 Speaker 3: is at least she understands the economy, the basics of it. 390 00:18:27,040 --> 00:18:29,919 Speaker 3: You couldn't say that for a lot of former labor 391 00:18:30,080 --> 00:18:34,000 Speaker 3: finance spokespeople produce now Scott Besson speaking of smart people, 392 00:18:34,960 --> 00:18:37,439 Speaker 3: he's the US Treasury secretary. He's the guy that you 393 00:18:37,600 --> 00:18:40,600 Speaker 3: want to listen to. This is my view anyway, from 394 00:18:40,640 --> 00:18:42,359 Speaker 3: what I can gather, he's the guy you want to 395 00:18:42,400 --> 00:18:45,240 Speaker 3: listen to. He's former Hedge fun guy, he's smart. Trump 396 00:18:45,359 --> 00:18:48,639 Speaker 3: obviously trusts him. He fronted a press conference with Leavitt 397 00:18:48,640 --> 00:18:51,600 Speaker 3: today and he's not the looney one, he's not Lutnik 398 00:18:51,640 --> 00:18:54,399 Speaker 3: the trade guy. Anyway, he comes out today and he 399 00:18:54,560 --> 00:18:57,720 Speaker 3: lays out the strategy. What he says the tariff strategy 400 00:18:57,760 --> 00:18:58,359 Speaker 3: as have a listen. 401 00:18:58,680 --> 00:19:01,439 Speaker 5: I think one thing that has been a little disconcerting 402 00:19:01,480 --> 00:19:04,399 Speaker 5: for the markets is, you know, President Trump creates what 403 00:19:04,400 --> 00:19:08,040 Speaker 5: I would call strategic uncertainty in the negotiations. What we 404 00:19:08,080 --> 00:19:10,840 Speaker 5: are doing is we've created a process. I think the 405 00:19:10,960 --> 00:19:15,679 Speaker 5: aperture of uncertainty will be narrowing, and as we start 406 00:19:15,960 --> 00:19:21,159 Speaker 5: moving forward announcing deals, then there will be certainty. But 407 00:19:22,000 --> 00:19:24,560 Speaker 5: certainly is not necessarily a good thing in negotiating. 408 00:19:24,800 --> 00:19:27,959 Speaker 3: In other words, yes, it's chaos now, but that's intentional, 409 00:19:28,080 --> 00:19:29,920 Speaker 3: and we want to get some trade deals done. In 410 00:19:30,000 --> 00:19:34,080 Speaker 3: other words, the end goal is not necessarily tariff revenue, 411 00:19:34,560 --> 00:19:37,000 Speaker 3: but it's bringing tariffs down. I mean, could we end 412 00:19:37,080 --> 00:19:39,480 Speaker 3: up could we see a world where we get more 413 00:19:39,560 --> 00:19:43,480 Speaker 3: free trade out of a Trump presidency than a Biden one? 414 00:19:44,280 --> 00:19:46,960 Speaker 3: You know, could this actually be? And we saw those polems, 415 00:19:47,000 --> 00:19:50,679 Speaker 3: could this actually be the low tide mark for Donald Trump? 416 00:19:50,840 --> 00:19:52,720 Speaker 3: If he gets the deals done, if he gets more 417 00:19:52,720 --> 00:19:54,800 Speaker 3: free trade with the big partners, plus a little bit 418 00:19:54,800 --> 00:19:57,320 Speaker 3: of tariff revenue from the rest of us that pays 419 00:19:57,359 --> 00:19:59,600 Speaker 3: for you, you know, your no tax on tips that 420 00:19:59,680 --> 00:20:02,639 Speaker 3: is promp must be Americans. He might be celebrated in 421 00:20:02,680 --> 00:20:06,720 Speaker 3: a year or two for that, you know, just a question. Meanwhile, 422 00:20:06,760 --> 00:20:09,440 Speaker 3: you've got Carnie on the other hand, who's celebrating today. 423 00:20:09,680 --> 00:20:12,359 Speaker 3: But as this is high tide mark, he's a guy 424 00:20:12,760 --> 00:20:15,960 Speaker 3: representing a party being in power for ten years, huge 425 00:20:16,000 --> 00:20:19,199 Speaker 3: social problems that aren't going to go away overnight. And 426 00:20:19,240 --> 00:20:21,119 Speaker 3: then what you've got the same party that's been in 427 00:20:21,160 --> 00:20:22,720 Speaker 3: there for fourteen years? 428 00:20:23,240 --> 00:20:26,240 Speaker 2: Is this his high tide mark? Twenty two away from. 429 00:20:26,080 --> 00:20:29,280 Speaker 3: Sex Bridge Show to our reporters around the country, Callum 430 00:20:29,320 --> 00:20:31,600 Speaker 3: Proctors and Dunedin for us this morning with an update 431 00:20:31,680 --> 00:20:34,480 Speaker 3: on the alcohol laws for the AB's test later this year. 432 00:20:34,480 --> 00:20:36,600 Speaker 2: Clum, Good morning, Year morning Ryan. 433 00:20:37,040 --> 00:20:40,240 Speaker 11: The city Council hes being asked to lift an alcohol 434 00:20:40,359 --> 00:20:43,639 Speaker 11: ban for the lower octagon for the test against France 435 00:20:43,680 --> 00:20:46,960 Speaker 11: here on July five. This is the only South Island 436 00:20:47,000 --> 00:20:48,879 Speaker 11: All Blacks tests of the year, so it's expected to 437 00:20:48,920 --> 00:20:51,760 Speaker 11: sell out. That'll be thirty thousand. Around eighteen thousand of 438 00:20:51,760 --> 00:20:54,080 Speaker 11: those fans will be from out of town. A report 439 00:20:54,119 --> 00:20:56,800 Speaker 11: to Council, says staff for proposing to create an octagon 440 00:20:56,880 --> 00:21:00,480 Speaker 11: hub for the event, including food and beverage offering and 441 00:21:00,520 --> 00:21:02,840 Speaker 11: also a giant beer tent and a bid to enhearance 442 00:21:02,920 --> 00:21:06,240 Speaker 11: the event. They're asking for council to consider a temporary 443 00:21:06,240 --> 00:21:09,359 Speaker 11: suspension of the alcohol band from midday to seven pm 444 00:21:09,440 --> 00:21:09,880 Speaker 11: that day. 445 00:21:10,680 --> 00:21:11,800 Speaker 2: And how's your weather color? 446 00:21:12,840 --> 00:21:15,080 Speaker 11: It's mostly cloudy today, chance of a shower or two 447 00:21:15,280 --> 00:21:17,119 Speaker 11: Southerlys and a high of only twelve today. 448 00:21:17,200 --> 00:21:18,960 Speaker 2: Excellent clears and Christy, it's spading clear. 449 00:21:19,040 --> 00:21:20,520 Speaker 3: Good morning, good morning. 450 00:21:20,640 --> 00:21:23,280 Speaker 2: Now more records broken for Electric Avenue. 451 00:21:23,720 --> 00:21:24,760 Speaker 3: Yes, that's right, Ryan. 452 00:21:24,800 --> 00:21:26,960 Speaker 12: Look, this is the music festival that was held here. 453 00:21:27,000 --> 00:21:30,919 Speaker 12: It celebrated its tenth anniversary actually in February now we 454 00:21:31,320 --> 00:21:34,439 Speaker 12: believe or christ Church and Z stats say that this 455 00:21:34,480 --> 00:21:38,080 Speaker 12: has produced the largest spend of any local event potentially 456 00:21:38,160 --> 00:21:41,360 Speaker 12: since the nineteen seventy four Commonwealth Games were here. Now 457 00:21:41,400 --> 00:21:44,320 Speaker 12: seventy five thousand people went to Hagley Park over the 458 00:21:44,359 --> 00:21:47,520 Speaker 12: two days this February, around ten point five million dollars 459 00:21:47,640 --> 00:21:50,840 Speaker 12: was spent in christ Church. According to this new economic 460 00:21:50,880 --> 00:21:53,480 Speaker 12: impact report. To give you an idea, if we compare 461 00:21:53,520 --> 00:21:56,400 Speaker 12: that to the twenty twenty three sale GP here for example, 462 00:21:56,720 --> 00:21:59,480 Speaker 12: that resulted in a four million dollar spend. So the 463 00:21:59,520 --> 00:22:02,920 Speaker 12: festival director, Callum Mitchell, says, it's been phenomenal growth over 464 00:22:02,960 --> 00:22:05,800 Speaker 12: the past decade for Electric av and there's always more 465 00:22:05,840 --> 00:22:08,080 Speaker 12: improvements to keep making it bigger and better. 466 00:22:08,359 --> 00:22:09,439 Speaker 6: He says he does. 467 00:22:09,320 --> 00:22:11,400 Speaker 12: Feel a bit of pressure actually to deliver an event 468 00:22:11,480 --> 00:22:14,560 Speaker 12: of this scale, knowing what it means economically for the city. 469 00:22:14,680 --> 00:22:16,560 Speaker 2: It's fantastic news. How's your wead to Claire. 470 00:22:16,960 --> 00:22:17,520 Speaker 10: We're under a. 471 00:22:17,520 --> 00:22:19,840 Speaker 12: Heavy rain warning at the moment for much of the 472 00:22:19,880 --> 00:22:22,960 Speaker 12: wider Canterbury area. Christchich itself has a heavy rain watch. 473 00:22:23,280 --> 00:22:26,879 Speaker 12: The warning in place until late tomorrow will have southerly'es 474 00:22:26,920 --> 00:22:28,480 Speaker 12: and a high of thirteen as well. 475 00:22:28,600 --> 00:22:30,960 Speaker 3: All right, thanks so much for that. Maxim Wellington this morning, Max, 476 00:22:30,960 --> 00:22:33,719 Speaker 3: good morning, Good morning. You've got some good news finally 477 00:22:33,760 --> 00:22:35,440 Speaker 3: on this missing twelve year old. 478 00:22:35,960 --> 00:22:37,840 Speaker 13: Yeah, a lot of coverage of the past few days 479 00:22:37,880 --> 00:22:41,919 Speaker 13: about a twelve year old Corrory kid, William Walsley. He 480 00:22:42,000 --> 00:22:46,280 Speaker 13: went missing Saturday night. Terrifying experience for the parents. Had 481 00:22:46,320 --> 00:22:49,240 Speaker 13: been in the CBD Saturday, not heard from it at 482 00:22:49,240 --> 00:22:52,680 Speaker 13: all until Monday when he told a friend he was okay. 483 00:22:53,560 --> 00:22:56,080 Speaker 13: The police found him yesterday in Lower Hut and brought 484 00:22:56,119 --> 00:22:58,639 Speaker 13: him home. They went full tech as well. Through that 485 00:22:58,720 --> 00:23:00,840 Speaker 13: text to his friend, police were able to track him 486 00:23:01,359 --> 00:23:05,280 Speaker 13: via his phone use. Walmsley is unharmed, but apparently we're 487 00:23:05,280 --> 00:23:07,679 Speaker 13: not yet at the bottom of what actually happened. It 488 00:23:07,720 --> 00:23:11,639 Speaker 13: had seemed like a runaway case. Walmsley had told his 489 00:23:11,680 --> 00:23:14,800 Speaker 13: friend had been had met other runaway kids in the 490 00:23:14,840 --> 00:23:18,640 Speaker 13: CBD and was with one of them. There were strangers 491 00:23:18,680 --> 00:23:21,520 Speaker 13: involved as well. Apparently the important thing though, right now 492 00:23:21,560 --> 00:23:22,400 Speaker 13: is that he's home safe. 493 00:23:22,440 --> 00:23:24,879 Speaker 2: Yeah, yeah, that's great news. How's your weather, max. 494 00:23:25,760 --> 00:23:29,320 Speaker 13: Rain heavy falls from this afternoon's strongest southerlyies as well 495 00:23:29,320 --> 00:23:30,640 Speaker 13: a high of sixteenth central. 496 00:23:30,720 --> 00:23:32,399 Speaker 2: Thank you never, good morning, good morning. 497 00:23:32,480 --> 00:23:34,920 Speaker 3: Now this beneficiary who got about one hundred and sixty 498 00:23:34,960 --> 00:23:36,360 Speaker 3: K in a bank account. 499 00:23:35,960 --> 00:23:39,480 Speaker 2: And not who then spends it, Yes, could be in. 500 00:23:39,440 --> 00:23:43,000 Speaker 14: Trouble, could be in trouble. Absolutely so. Look a Mount 501 00:23:43,040 --> 00:23:48,199 Speaker 14: Roskill pinchiner accidentally sent his retirement savings you know, to 502 00:23:48,240 --> 00:23:50,359 Speaker 14: the wrong account, like as you say, and that was 503 00:23:50,400 --> 00:23:54,680 Speaker 14: back to New Zealand from the UK WESTPEC have they've 504 00:23:54,680 --> 00:23:57,199 Speaker 14: got like twenty eight thousand dollars of that, but the 505 00:23:57,240 --> 00:23:59,680 Speaker 14: rest of it has gone on cars and all sorts 506 00:23:59,720 --> 00:24:03,080 Speaker 14: of things. What they're saying is that this person could 507 00:24:03,119 --> 00:24:05,480 Speaker 14: be prosecuted for theft. I hope they are. We were 508 00:24:05,480 --> 00:24:07,280 Speaker 14: talking about this in the news room because we thought, 509 00:24:07,440 --> 00:24:08,280 Speaker 14: would you do it? 510 00:24:08,720 --> 00:24:10,720 Speaker 2: No, no, of course you wouldn't. You wouldn't do it, 511 00:24:10,760 --> 00:24:11,280 Speaker 2: do you know what? 512 00:24:11,400 --> 00:24:15,080 Speaker 3: At worst, what you would do is set it aside, 513 00:24:15,160 --> 00:24:17,240 Speaker 3: not spend it, but just set it aside and see 514 00:24:17,280 --> 00:24:21,320 Speaker 3: if anyone, well, we'll just you know, see if anyone 515 00:24:21,320 --> 00:24:22,840 Speaker 3: comes to claim it at worst. 516 00:24:22,880 --> 00:24:24,600 Speaker 14: At worst. And the other thing too that we were 517 00:24:24,640 --> 00:24:26,760 Speaker 14: talking about is that if you were a victim, say 518 00:24:26,840 --> 00:24:28,720 Speaker 14: like I mean, I remembered years ago, I found the 519 00:24:28,760 --> 00:24:31,359 Speaker 14: wallet in the mall and I didn't even open it. 520 00:24:31,400 --> 00:24:33,920 Speaker 14: I just picked it up, took it to customer service, 521 00:24:34,720 --> 00:24:37,000 Speaker 14: and you do that. But you know, like I thought, 522 00:24:37,000 --> 00:24:39,679 Speaker 14: oh well, depending on you know, would I expect like 523 00:24:39,720 --> 00:24:42,840 Speaker 14: a thirty dollars little reward? So most of us in 524 00:24:42,840 --> 00:24:45,200 Speaker 14: there thinking, you know, we would expect a little we reward. 525 00:24:45,640 --> 00:24:47,360 Speaker 14: Would you do that was too much? 526 00:24:47,440 --> 00:24:49,120 Speaker 2: I think that might be a little too okay. 527 00:24:49,280 --> 00:24:52,480 Speaker 3: But the thing is there we people out there who'll say, well, 528 00:24:52,520 --> 00:24:55,320 Speaker 3: this is a beneficiary who didn't have much money, so yes, 529 00:24:55,480 --> 00:24:56,200 Speaker 3: they're going to spend it. 530 00:24:56,520 --> 00:24:57,119 Speaker 1: Absolutely. 531 00:24:57,160 --> 00:24:58,960 Speaker 2: It doesn't make it right now, it doesn't make it right. 532 00:24:58,960 --> 00:25:01,240 Speaker 14: Thank goodness, we're honest. Towns to wear the neighbor, Ryan 533 00:25:01,280 --> 00:25:04,280 Speaker 14: tuning to shew as possible thunderstorms from the afternoon. Another 534 00:25:04,359 --> 00:25:08,200 Speaker 14: warm one turn the earcon on Aucklander's twenty two Sighs. 535 00:25:07,920 --> 00:25:09,959 Speaker 3: Seventeen to Sexy're on news, Talk to b We'll get 536 00:25:10,000 --> 00:25:11,160 Speaker 3: to Devin Gray in the UK. 537 00:25:11,119 --> 00:25:15,920 Speaker 1: Next international correspondence with insign Eye Insurance Peace of Mind 538 00:25:16,000 --> 00:25:18,040 Speaker 1: for New Zealand Business fourteen to sex. 539 00:25:18,160 --> 00:25:20,720 Speaker 3: Develop developing story for you this morning out of Sweden, 540 00:25:20,720 --> 00:25:23,239 Speaker 3: a shooting at a hear seal on Gavin Gray are 541 00:25:23,320 --> 00:25:25,840 Speaker 3: UK europe correspondent with the later skivin What do we know? 542 00:25:27,119 --> 00:25:30,320 Speaker 15: Yeah, very sketchy details at the moment, Ryan, but we're 543 00:25:30,359 --> 00:25:34,320 Speaker 15: being told that potentially three people may have been killed. 544 00:25:34,840 --> 00:25:39,440 Speaker 15: Earlier reports suggested several, so it's probably somewhere in the middle, 545 00:25:39,440 --> 00:25:42,400 Speaker 15: I would have thought. As the news comes in in Uppsala, 546 00:25:42,480 --> 00:25:45,480 Speaker 15: a city in Sweden, now it's reported that right in 547 00:25:45,520 --> 00:25:48,360 Speaker 15: the city center there were a series of loud cracks 548 00:25:48,359 --> 00:25:52,640 Speaker 15: and bangs indicating gunfire. Members of the public called the 549 00:25:52,960 --> 00:25:56,560 Speaker 15: police saying that were gunshots being fired, and several people 550 00:25:56,600 --> 00:25:59,280 Speaker 15: were found in and around the city center with injuries 551 00:25:59,680 --> 00:26:03,639 Speaker 15: and gunshot wounds. It's being reported police say they're cording 552 00:26:03,720 --> 00:26:08,159 Speaker 15: off a large area of the city. There are gun laws, 553 00:26:08,200 --> 00:26:11,080 Speaker 15: of course in Sweden, but I'm afraid. Back in February, 554 00:26:11,280 --> 00:26:14,159 Speaker 15: in another Swedish city, ten people were killed in the 555 00:26:14,160 --> 00:26:17,840 Speaker 15: country's deadliest ever mashed suiting. There a thirty five year old, 556 00:26:17,880 --> 00:26:20,959 Speaker 15: unemployed loner open fire on students and teachers at an 557 00:26:21,000 --> 00:26:24,199 Speaker 15: adult education center. We don't know much more about today's shooting. 558 00:26:24,400 --> 00:26:27,880 Speaker 15: That suffice to say there'll be more questions about tightening 559 00:26:27,920 --> 00:26:29,480 Speaker 15: gun laws in Scandinavia. 560 00:26:29,720 --> 00:26:32,280 Speaker 2: Devin, there's Spain, Portugal cyber Atteck. 561 00:26:32,320 --> 00:26:34,720 Speaker 3: Well, not a cyber Atteck, but a power cut now 562 00:26:34,840 --> 00:26:36,679 Speaker 3: we know definitely not a cyber Attech. 563 00:26:37,040 --> 00:26:39,240 Speaker 2: Is it possible that this weather thing could happen again. 564 00:26:40,880 --> 00:26:43,000 Speaker 15: Yeah, that's the big fear, and I think lots of countries, 565 00:26:43,080 --> 00:26:46,200 Speaker 15: including the UK, thinking, well, hang on a minute, are 566 00:26:46,240 --> 00:26:49,520 Speaker 15: we sort of resilient enough to get through this if 567 00:26:49,520 --> 00:26:51,920 Speaker 15: it happened to us, Because let's not forget people were 568 00:26:51,920 --> 00:26:56,439 Speaker 15: stuck in lifts. The electric trains simply stopped mid stations 569 00:26:56,520 --> 00:26:58,480 Speaker 15: and you couldn't open the doors. It was a very 570 00:26:58,520 --> 00:27:02,240 Speaker 15: hot day yesterday in Spain and Portugal, and of course 571 00:27:02,280 --> 00:27:07,399 Speaker 15: the petrol pumps weren't working, and the cash registers weren't working, 572 00:27:07,640 --> 00:27:10,080 Speaker 15: and of course the credit cards weren't accepted, so all 573 00:27:10,119 --> 00:27:12,400 Speaker 15: of a sudden there was panic buying with cash. There 574 00:27:12,400 --> 00:27:15,199 Speaker 15: were cash machine cues that were very lengthy, but we 575 00:27:15,359 --> 00:27:19,080 Speaker 15: now looked like that are very large drop in energy 576 00:27:19,080 --> 00:27:22,600 Speaker 15: equivalent to sixty percent of the demand was suddenly lost 577 00:27:22,600 --> 00:27:26,399 Speaker 15: from the system. About fifteen Gigawa was in just five second. 578 00:27:27,080 --> 00:27:29,240 Speaker 15: So there's been a press conference in which it said 579 00:27:29,280 --> 00:27:33,080 Speaker 15: there were two disconnection events barely a second apart in 580 00:27:33,160 --> 00:27:37,480 Speaker 15: southwest Spain when there is a substantial solar power generation. 581 00:27:37,720 --> 00:27:42,240 Speaker 15: So whether it is this effort to use green energy 582 00:27:42,440 --> 00:27:45,719 Speaker 15: that suddenly caused a problem for not just Spain but 583 00:27:45,800 --> 00:27:48,560 Speaker 15: Portugal and bits of France as well is another matter. 584 00:27:48,640 --> 00:27:52,320 Speaker 15: It does appin most of these properties that were disconnected, 585 00:27:52,400 --> 00:27:55,280 Speaker 15: of which there were a vast areas of Spain and 586 00:27:55,320 --> 00:27:57,960 Speaker 15: Portugal in particular, it does look like that has now 587 00:27:58,040 --> 00:28:01,679 Speaker 15: been reconnected. But this a sudden drop in power is 588 00:28:01,720 --> 00:28:04,520 Speaker 15: obviously deeply worrying. The big investigation underway. 589 00:28:04,680 --> 00:28:07,360 Speaker 3: All right, Gavin, appreciate your time. Gavin Gray are UK 590 00:28:07,480 --> 00:28:10,359 Speaker 3: europe correspondent. It is eleven minutes away from at six 591 00:28:11,640 --> 00:28:14,240 Speaker 3: to worry. These numbers coming out of Ordering at Tamadiki 592 00:28:14,280 --> 00:28:17,120 Speaker 3: this morning via a report from enz ME, more than 593 00:28:17,200 --> 00:28:20,040 Speaker 3: thirteen hundred kids who are overdue to be assigned a 594 00:28:20,040 --> 00:28:24,560 Speaker 3: social worker. On top of this, eighty one thousand reports 595 00:28:24,640 --> 00:28:27,000 Speaker 3: of concern. That's when people are worried about a kid, 596 00:28:27,000 --> 00:28:30,080 Speaker 3: they report it to Ordering a Tamidiki eighty one thousand 597 00:28:30,240 --> 00:28:32,479 Speaker 3: in the last year to March. That is a forty 598 00:28:32,480 --> 00:28:35,040 Speaker 3: five percent increase on the previous year. The chief executive 599 00:28:35,119 --> 00:28:37,080 Speaker 3: Child Matters Jane Seyle with us this morning. 600 00:28:37,160 --> 00:28:41,040 Speaker 2: Jane, good morning, Good morning, Ryan. Now those overdue, So 601 00:28:41,120 --> 00:28:44,720 Speaker 2: the thirteen hundred kids overdue to be assigned a social worker, 602 00:28:44,760 --> 00:28:48,640 Speaker 2: that's ten days or more. How serious is that? Give 603 00:28:48,720 --> 00:28:50,800 Speaker 2: us an idea, Well. 604 00:28:50,640 --> 00:28:53,480 Speaker 6: It's usually concerning. So you need to have social workers 605 00:28:53,560 --> 00:28:56,160 Speaker 6: in front of these children to understand what the risk is. 606 00:28:56,440 --> 00:28:58,160 Speaker 6: So the question is what does it mean or we 607 00:28:58,200 --> 00:29:01,520 Speaker 6: have an increase in unallocated cases. The answers increase risk 608 00:29:01,600 --> 00:29:03,240 Speaker 6: for our vulnerable kids. 609 00:29:03,320 --> 00:29:06,320 Speaker 3: And a forty five percent increase in the reports of 610 00:29:06,400 --> 00:29:11,720 Speaker 3: concern just to clarify that's not necessarily eighty one thousand kids. 611 00:29:11,800 --> 00:29:13,240 Speaker 3: Is that there could be double. 612 00:29:13,040 --> 00:29:17,680 Speaker 6: Ups there, So it's well, it depends how they calculate 613 00:29:17,720 --> 00:29:20,480 Speaker 6: it and if there are reports concerns about the same 614 00:29:20,560 --> 00:29:23,440 Speaker 6: children or the same children in one family. But I mean, 615 00:29:23,480 --> 00:29:25,680 Speaker 6: we've always sat high with our reports are concerns, but 616 00:29:25,720 --> 00:29:28,520 Speaker 6: these are the highest numbers that I've seen. What's called 617 00:29:28,560 --> 00:29:30,880 Speaker 6: that that's up to debate. We do know, of course 618 00:29:30,920 --> 00:29:32,560 Speaker 6: that that's as a fraction of the children that are 619 00:29:32,680 --> 00:29:35,640 Speaker 6: risk in the country, because report are concerned are only 620 00:29:35,640 --> 00:29:37,680 Speaker 6: a fraction of what we know is going on. So 621 00:29:38,120 --> 00:29:40,520 Speaker 6: it shows that are doing this committy keys increasingly swamped 622 00:29:40,520 --> 00:29:43,560 Speaker 6: with this workload. And if you're swamped to do the 623 00:29:43,600 --> 00:29:45,680 Speaker 6: work that you're meant to be doing, that's a huge concern. 624 00:29:46,520 --> 00:29:48,280 Speaker 2: You said, it's up to debate about why. 625 00:29:48,720 --> 00:29:52,360 Speaker 3: Obvious answers one is there's more abuse going on or 626 00:29:52,560 --> 00:29:53,840 Speaker 3: people are reporting it more. 627 00:29:53,960 --> 00:29:54,680 Speaker 2: What do you say? 628 00:29:56,080 --> 00:29:57,560 Speaker 6: I would say it could be a mixture of both. 629 00:29:57,640 --> 00:29:59,720 Speaker 6: But we know that there's a huge amount of underreporting 630 00:29:59,760 --> 00:30:02,120 Speaker 6: and what I hear from the social sector is that 631 00:30:02,240 --> 00:30:05,840 Speaker 6: probably there is less reporting from some serious cases. So 632 00:30:05,880 --> 00:30:08,880 Speaker 6: it's certainly not indicative of the fact that it's just 633 00:30:08,920 --> 00:30:11,560 Speaker 6: more being reported and that we're knowing what's going on more. 634 00:30:11,760 --> 00:30:12,840 Speaker 6: I don't think that's the case. 635 00:30:13,080 --> 00:30:16,040 Speaker 3: Help This makes sense for me. Government says there's more 636 00:30:16,080 --> 00:30:20,080 Speaker 3: social workers going in, they've revamped the reporting system sixty 637 00:30:20,120 --> 00:30:22,360 Speaker 3: eight million dollars over four years or whatever it was 638 00:30:22,440 --> 00:30:25,360 Speaker 3: last year, and yet they are swamped. In your words, 639 00:30:25,400 --> 00:30:26,040 Speaker 3: what's going on? 640 00:30:27,160 --> 00:30:29,080 Speaker 6: But the answer is that OT is a very big 641 00:30:29,120 --> 00:30:31,520 Speaker 6: ship to turn around and it is going to take years. 642 00:30:31,560 --> 00:30:34,160 Speaker 6: We always knew that, but I think that, I mean, 643 00:30:34,200 --> 00:30:36,239 Speaker 6: this shows that the capacity is storm it not what 644 00:30:36,280 --> 00:30:38,680 Speaker 6: it should be. And if our weight lists are growing, 645 00:30:38,840 --> 00:30:40,960 Speaker 6: then it's going to increase risk. So there's no there's 646 00:30:40,960 --> 00:30:42,080 Speaker 6: no way of talking around that. 647 00:30:42,360 --> 00:30:44,600 Speaker 2: Jane. I appreciate your time this morning, Jane steal Child 648 00:30:44,600 --> 00:30:47,640 Speaker 2: Matters Chief Executive. It is nine minutes away from six, 649 00:30:48,400 --> 00:30:50,600 Speaker 2: Ryan Fred, you're on news Talk, said b we'll get 650 00:30:50,600 --> 00:30:51,360 Speaker 2: to Mike next. 651 00:30:52,000 --> 00:30:54,280 Speaker 3: He's in the Actually, the government announced this morning Paul 652 00:30:54,320 --> 00:30:56,680 Speaker 3: Goldsmith has put out a release. You know, in twenty 653 00:30:56,720 --> 00:30:59,400 Speaker 3: twenty Cabinet let the prisoners who were on sentences of 654 00:30:59,520 --> 00:31:03,440 Speaker 3: less than three years vote because why not you know 655 00:31:03,560 --> 00:31:07,120 Speaker 3: that's a priority. Well was for them anyway. Paul Goldsmith 656 00:31:07,120 --> 00:31:09,640 Speaker 3: put out a press release this morning saying that we're 657 00:31:09,640 --> 00:31:12,000 Speaker 3: going to reverse that, so they'll be banned again. 658 00:31:12,720 --> 00:31:13,600 Speaker 2: Eight to six. 659 00:31:14,600 --> 00:31:18,280 Speaker 1: Ryan Bridge on Early Edition where one roof make your 660 00:31:18,320 --> 00:31:21,280 Speaker 1: Property Search Simple used dog Ziby. 661 00:31:21,120 --> 00:31:23,120 Speaker 3: Good Morning at a six to six on newstalk. Zb 662 00:31:23,200 --> 00:31:25,760 Speaker 3: I said, yesterday we get some quarter one earnings reports 663 00:31:25,760 --> 00:31:28,360 Speaker 3: from the US. General Motors had theirs this morning, profit 664 00:31:28,480 --> 00:31:32,080 Speaker 3: down for quarter one and they've pulled their guidance. Jet 665 00:31:32,080 --> 00:31:36,560 Speaker 3: Blue Airways soft for quarter one again pulled their guidance, 666 00:31:36,600 --> 00:31:38,960 Speaker 3: which basically means they don't tell you how much they 667 00:31:39,040 --> 00:31:40,960 Speaker 3: think they're going to earn because they're just not sure. 668 00:31:41,040 --> 00:31:42,760 Speaker 3: They will have to tell us at some point. A 669 00:31:42,880 --> 00:31:45,600 Speaker 3: job's report out this morning from the US March job 670 00:31:45,640 --> 00:31:48,760 Speaker 3: Openings has actually looked okay. Consumer sentiment for April. It's 671 00:31:48,800 --> 00:31:50,920 Speaker 3: a survey, so take it with a grain of salt, 672 00:31:50,920 --> 00:31:54,600 Speaker 3: but was pretty bleak. Meanwhile, in China, state media have 673 00:31:54,680 --> 00:32:00,360 Speaker 3: released this video, including Ai sounding quite ominous against Trump's griffs. 674 00:32:01,160 --> 00:32:03,280 Speaker 8: This is just like the deadly trap of the eye 675 00:32:03,280 --> 00:32:04,400 Speaker 8: of the storm. 676 00:32:04,840 --> 00:32:07,800 Speaker 2: Bowling to a bully is like drinking poison. To quench thirst. 677 00:32:08,480 --> 00:32:12,680 Speaker 2: It only deepens the crisis quite grim five to six 678 00:32:12,960 --> 00:32:14,320 Speaker 2: Graying Bridge, you might. 679 00:32:14,280 --> 00:32:16,680 Speaker 16: Good morning, very good morning to you. I was reading 680 00:32:16,680 --> 00:32:19,080 Speaker 16: a report yesterday speaking of all of that. There's an 681 00:32:19,120 --> 00:32:23,920 Speaker 16: analyst in America who's charted exactly when the American economy 682 00:32:23,960 --> 00:32:26,200 Speaker 16: is going to end up in recession. So what happens 683 00:32:26,200 --> 00:32:28,120 Speaker 16: at the moment is the ships don't come. When the 684 00:32:28,120 --> 00:32:30,160 Speaker 16: ships don't come in a couple of months, the shells 685 00:32:30,160 --> 00:32:32,640 Speaker 16: start to be empty, prices go up. So you've got 686 00:32:32,640 --> 00:32:34,720 Speaker 16: a combination of prices going up. So it's like the 687 00:32:34,760 --> 00:32:37,280 Speaker 16: Amazon story this morning or Addi dask this morning announced 688 00:32:37,280 --> 00:32:39,040 Speaker 16: that they're basically going to put all their prices up 689 00:32:39,040 --> 00:32:40,520 Speaker 16: and people are they going to pay them all. They're 690 00:32:40,520 --> 00:32:43,240 Speaker 16: not things like tam anyway. So the shelves didn't become 691 00:32:43,280 --> 00:32:45,440 Speaker 16: empty in a couple of months. At the point of 692 00:32:45,440 --> 00:32:47,920 Speaker 16: the shells becoming empty, the truck drivers start getting laid 693 00:32:47,920 --> 00:32:50,360 Speaker 16: off because they don't have anything to transport anymore. Once 694 00:32:50,360 --> 00:32:53,920 Speaker 16: they get laid off, unemployment starts to rise, spending cuts down, 695 00:32:53,960 --> 00:32:54,959 Speaker 16: and then you're into recession. 696 00:32:55,000 --> 00:32:57,360 Speaker 3: So the end of summer, end of summer, I was 697 00:32:57,360 --> 00:32:59,040 Speaker 3: going to say, the Christian really is whether they are 698 00:32:59,080 --> 00:32:59,960 Speaker 3: already in recess. 699 00:33:00,360 --> 00:33:04,160 Speaker 16: Well that's the thing, of course, it's retrospective. 700 00:33:03,560 --> 00:33:03,920 Speaker 2: Of course. 701 00:33:03,960 --> 00:33:05,640 Speaker 16: But by the time the end of some of the 702 00:33:05,640 --> 00:33:09,360 Speaker 16: analyst said, it will be abundantly obvious to everybody that 703 00:33:09,400 --> 00:33:10,600 Speaker 16: America will be in recession. 704 00:33:10,600 --> 00:33:12,840 Speaker 3: It's got business this morning saying, look, I've done this 705 00:33:12,920 --> 00:33:15,480 Speaker 3: a long time and I don't really listen to the surveys. 706 00:33:15,560 --> 00:33:15,960 Speaker 2: That's cool. 707 00:33:16,000 --> 00:33:18,880 Speaker 3: The sentiment surveys don't really mean much to me, but 708 00:33:19,000 --> 00:33:20,040 Speaker 3: look at the hard data. 709 00:33:20,200 --> 00:33:23,520 Speaker 16: They will when they have the midterms next year and 710 00:33:23,640 --> 00:33:26,960 Speaker 16: things go really wrong. You can ask old Polyevan Canada 711 00:33:27,480 --> 00:33:31,280 Speaker 16: just just what it's like to lose your seat precisely, 712 00:33:31,360 --> 00:33:33,719 Speaker 16: and so, you know, it's amazing how the vota will 713 00:33:33,720 --> 00:33:35,240 Speaker 16: turn on you when times are tough. 714 00:33:35,360 --> 00:33:37,520 Speaker 3: See I reckon with Carney. This will be his high 715 00:33:37,600 --> 00:33:40,880 Speaker 3: tide mark because all of those problems that they hated. 716 00:33:40,960 --> 00:33:43,239 Speaker 2: The Liberals or you know, just a few nuts think 717 00:33:43,280 --> 00:33:44,520 Speaker 2: nothing's changed, nothing's changed. 718 00:33:44,680 --> 00:33:46,880 Speaker 16: Very important to remember too, when you look at that result, 719 00:33:47,000 --> 00:33:49,760 Speaker 16: it's actually that everyone's going, oh, it's incredible. The liberals one. 720 00:33:49,800 --> 00:33:50,400 Speaker 16: It's not incredible. 721 00:33:50,400 --> 00:33:50,920 Speaker 2: The Liberals one. 722 00:33:50,920 --> 00:33:54,280 Speaker 16: They've only just one they've only just won and Carney. 723 00:33:54,520 --> 00:33:58,720 Speaker 16: No one knows who he is. Barker, he's no different 724 00:33:58,760 --> 00:34:02,040 Speaker 16: to Trudeau. He a lovely like Trudeau. Wantz And so 725 00:34:02,120 --> 00:34:02,760 Speaker 16: you're right. 726 00:34:02,760 --> 00:34:04,640 Speaker 3: And if they don't get the majority, they're going to 727 00:34:04,640 --> 00:34:08,360 Speaker 3: be pulled even further left by this correct you know, 728 00:34:08,440 --> 00:34:10,759 Speaker 3: left party first animation for now. But let's see how 729 00:34:10,800 --> 00:34:13,800 Speaker 3: the whole thing's actually unfolds solve the world's problems. 730 00:34:13,840 --> 00:34:16,279 Speaker 2: Mike. Just a couple of minutes. Mike is here. We've 731 00:34:16,280 --> 00:34:23,960 Speaker 2: been next to have a great day. See tomorrow. 732 00:34:23,000 --> 00:34:25,959 Speaker 1: For more from Early Edition with Ryan Bridge. Listen live 733 00:34:26,080 --> 00:34:29,120 Speaker 1: to News Talks it'd be from five am weekdays, or 734 00:34:29,160 --> 00:34:31,080 Speaker 1: follow the podcast on iHeartRadio.