1 00:00:01,800 --> 00:00:08,640 Speaker 1: The issues, the interviews and the inside. Ryan Bridge new 2 00:00:08,680 --> 00:00:12,080 Speaker 1: for twenty twenty four on an early edition with Smith City, 3 00:00:12,160 --> 00:00:14,480 Speaker 1: New Zealand's furniture vans and a play at store. 4 00:00:14,800 --> 00:00:15,520 Speaker 2: US Talks B. 5 00:00:16,400 --> 00:00:18,880 Speaker 3: Good morning, it is six after five news Talk, SAIDB 6 00:00:19,000 --> 00:00:22,240 Speaker 3: on Ryan Bridge, coming to you live from our crazy 7 00:00:22,320 --> 00:00:24,280 Speaker 3: little capital, Wellington this morning. 8 00:00:24,440 --> 00:00:28,160 Speaker 2: Acc and the red seven point two billion dollars? 9 00:00:28,200 --> 00:00:31,520 Speaker 3: Are they going to cut your subsidized physio visits? 10 00:00:31,520 --> 00:00:34,160 Speaker 2: Will ask the Minister Matt Doosey just before six. 11 00:00:34,479 --> 00:00:38,320 Speaker 3: Inflation under control, so why do we still feel so poor? 12 00:00:38,440 --> 00:00:42,839 Speaker 3: Nick Tuffley on that Wellington, the chamazzle city, the councilor 13 00:00:42,880 --> 00:00:46,240 Speaker 3: who wants an early election, plus the link between house 14 00:00:46,320 --> 00:00:49,839 Speaker 3: prices and babies, plus Mitch McCann in the US All 15 00:00:49,880 --> 00:00:51,720 Speaker 3: ahead on this morning show. 16 00:00:52,920 --> 00:00:53,640 Speaker 1: The agenda. 17 00:00:55,680 --> 00:00:58,720 Speaker 3: It is Thursday, the seventeenth of October. An explosion has 18 00:00:58,840 --> 00:01:02,520 Speaker 3: killed ninety four people in Nigeria. It's understood a tanker 19 00:01:02,640 --> 00:01:05,600 Speaker 3: driver lost control and crashed, causing fuel to leak onto 20 00:01:05,640 --> 00:01:07,800 Speaker 3: the road, then quickly igniting people. 21 00:01:07,880 --> 00:01:12,160 Speaker 4: Locals and villagers came to scoop to fuel that's spilled 22 00:01:12,160 --> 00:01:14,600 Speaker 4: out on the streets on the gotteras and that sparked 23 00:01:14,640 --> 00:01:18,520 Speaker 4: a very quick conferno which I witness it to say 24 00:01:19,280 --> 00:01:20,400 Speaker 4: was very massive. 25 00:01:20,480 --> 00:01:23,360 Speaker 2: Under many people could notice scape it. At least fifty 26 00:01:23,360 --> 00:01:23,959 Speaker 2: injured as well. 27 00:01:23,959 --> 00:01:26,240 Speaker 3: A seven year old has died and six others have 28 00:01:26,319 --> 00:01:29,039 Speaker 3: been injured after an explosion destroyed three houses. 29 00:01:29,080 --> 00:01:30,600 Speaker 2: This is a newcastle in the UK. 30 00:01:31,000 --> 00:01:34,200 Speaker 5: The boys loved ones are being supported by specialist officers. 31 00:01:34,720 --> 00:01:39,240 Speaker 3: An investigation is ongoing to establish how the explosion occurred. 32 00:01:40,040 --> 00:01:42,640 Speaker 3: It's ready, They've got a plan and it's only a 33 00:01:42,640 --> 00:01:46,679 Speaker 3: matter of time now before Israel executes it. According to CNN, 34 00:01:47,000 --> 00:01:51,559 Speaker 3: retaliation against Iran will target military sites only, not oil 35 00:01:51,680 --> 00:01:55,040 Speaker 3: or nuclear facilities. Trump to the United States, We go now. 36 00:01:55,040 --> 00:01:57,760 Speaker 3: Trump's calling back in the Poles. So Carmel is changing 37 00:01:57,800 --> 00:02:01,559 Speaker 3: up his strategy. Forget the machhallow barma, they go low, 38 00:02:01,600 --> 00:02:05,800 Speaker 3: we go high. Speech Harris has labeled Trump erratic, unstable, 39 00:02:06,280 --> 00:02:09,160 Speaker 3: unhinged and now a fascist. 40 00:02:08,960 --> 00:02:11,680 Speaker 6: And the other Donald Trump is about taking us backward. 41 00:02:12,080 --> 00:02:15,840 Speaker 2: Oh there's muf fascism. Why can we just see it? Yes, 42 00:02:16,080 --> 00:02:16,800 Speaker 2: we can say that. 43 00:02:19,000 --> 00:02:22,800 Speaker 1: Ryan Bridge new for twenty twenty four on early edition 44 00:02:23,000 --> 00:02:26,360 Speaker 1: with Smith City, New Zealand's furniture beds and a playing store. 45 00:02:26,520 --> 00:02:28,239 Speaker 2: News talk Zidby and we'll. 46 00:02:28,120 --> 00:02:30,240 Speaker 3: Ask Mitch mcckenn about that later on in the show too. 47 00:02:30,600 --> 00:02:33,200 Speaker 3: This morning, though, should we be worried about this? 48 00:02:33,919 --> 00:02:38,519 Speaker 2: That'll do for any old Scritannia's day or so had 49 00:02:41,120 --> 00:02:43,679 Speaker 2: fucking it and it's four two? You heard us? They're 50 00:02:43,880 --> 00:02:44,400 Speaker 2: backing it. 51 00:02:45,360 --> 00:02:47,280 Speaker 3: Yeah all right, so they've come back. They're doing a 52 00:02:47,280 --> 00:02:49,440 Speaker 3: little bit better. Adam Cooper's with us, said, be sport 53 00:02:49,480 --> 00:02:52,160 Speaker 3: here in Wellington. Hey Adam, Hey Ron welcome, Yeah, thank you. 54 00:02:52,639 --> 00:02:54,280 Speaker 3: Should we be worried about this? Or was this just 55 00:02:54,320 --> 00:02:54,839 Speaker 3: a little blip? 56 00:02:54,919 --> 00:02:56,200 Speaker 7: Well, I don't think so. I think it was two 57 00:02:56,240 --> 00:02:59,120 Speaker 7: mistakes from Team New Zealand. This happens in sailing. You know, 58 00:02:59,160 --> 00:03:02,880 Speaker 7: it's such a delicate kit situation when these these two 59 00:03:02,919 --> 00:03:05,280 Speaker 7: syndicates are getting the best of the wind, lighting up 60 00:03:05,280 --> 00:03:06,720 Speaker 7: at the start line. I guess we saw Team New 61 00:03:06,800 --> 00:03:09,320 Speaker 7: Zealand make their first mistake of this whole final. They 62 00:03:09,600 --> 00:03:11,560 Speaker 7: got off the foils and sort of found themselves on 63 00:03:11,600 --> 00:03:15,080 Speaker 7: the water. Obviously these boats go the fastest and ultimately 64 00:03:15,200 --> 00:03:17,600 Speaker 7: you know, are above the water sort of on the foils. 65 00:03:17,639 --> 00:03:19,679 Speaker 7: And then Team New Zealand somehow made a bit of 66 00:03:19,720 --> 00:03:21,440 Speaker 7: a mistake got off the foils and that sort of 67 00:03:21,480 --> 00:03:24,040 Speaker 7: effected them from the start. They couldn't really get back 68 00:03:24,040 --> 00:03:26,799 Speaker 7: into that that first race, and then another mistake sort 69 00:03:26,840 --> 00:03:28,520 Speaker 7: of towards the start of the second race as well. 70 00:03:28,560 --> 00:03:30,880 Speaker 7: So I think, rather than being concerning, it is actually 71 00:03:30,960 --> 00:03:31,600 Speaker 7: more exciting. 72 00:03:31,840 --> 00:03:34,520 Speaker 3: Well yeah, well that's the first time I've paid attention. Yeah, now, 73 00:03:34,520 --> 00:03:35,440 Speaker 3: were up four and il. 74 00:03:35,600 --> 00:03:37,600 Speaker 7: And we thought, come on, this is we don't want 75 00:03:37,640 --> 00:03:39,280 Speaker 7: this to be a full gone conclusion. We want this 76 00:03:39,320 --> 00:03:41,720 Speaker 7: to carry on for a few more days and and 77 00:03:41,760 --> 00:03:42,560 Speaker 7: for it to be tight. 78 00:03:42,640 --> 00:03:43,200 Speaker 2: So four to two. 79 00:03:43,320 --> 00:03:45,400 Speaker 7: I think Team New Zealand we know that their boat 80 00:03:45,480 --> 00:03:48,280 Speaker 7: is world class the way it's been built, what it does, 81 00:03:48,680 --> 00:03:51,120 Speaker 7: so I think, you know, and. 82 00:03:51,120 --> 00:03:53,280 Speaker 3: It's first to seven, isn't it? And next race is 83 00:03:53,280 --> 00:03:56,120 Speaker 3: Saturday morning, yes, so we won't have an out And. 84 00:03:56,120 --> 00:03:58,040 Speaker 2: Then after that is it Sunday? Did they race? 85 00:03:58,120 --> 00:03:58,320 Speaker 8: Yeah? 86 00:03:58,480 --> 00:03:59,760 Speaker 2: They they'll continue through over the weekend. 87 00:03:59,800 --> 00:04:01,440 Speaker 7: I mean, everyone will keep in the back of their 88 00:04:01,440 --> 00:04:04,040 Speaker 7: minds that San Francisco America's cut when he's eeling more 89 00:04:04,120 --> 00:04:06,640 Speaker 7: up at eight. You know, they had eight in the 90 00:04:06,640 --> 00:04:08,920 Speaker 7: first to nine and then they got beaten. 91 00:04:09,000 --> 00:04:12,400 Speaker 2: They're about up about eight one, and Oracle at the 92 00:04:12,400 --> 00:04:13,960 Speaker 2: time came back and beat them nine to eight. 93 00:04:14,240 --> 00:04:16,520 Speaker 7: So I think everyone's a little bit fearful of that, 94 00:04:16,560 --> 00:04:18,880 Speaker 7: but I think at the moment we're still pretty confident. 95 00:04:18,920 --> 00:04:20,920 Speaker 3: I'd say, Adam, thank you very much, Adam cooper' zi'by 96 00:04:20,960 --> 00:04:22,760 Speaker 3: sport with me here in Wellington this morning. It has 97 00:04:22,839 --> 00:04:25,400 Speaker 3: just gone ten minutes after five on News Talk. 98 00:04:25,360 --> 00:04:32,760 Speaker 2: Z'B Brian Bridge. Now, this was not my song choice. 99 00:04:32,880 --> 00:04:36,680 Speaker 3: This is Donald Trump's song choice in case you have 100 00:04:36,800 --> 00:04:39,240 Speaker 3: missed it, and I implore you to please go and 101 00:04:39,440 --> 00:04:43,080 Speaker 3: just google this. Donald Trump at a rally in Pennsylvania yesterday, 102 00:04:43,880 --> 00:04:46,800 Speaker 3: just to hell with it. I'm not going to keep 103 00:04:46,839 --> 00:04:49,159 Speaker 3: speaking and answering questions. I think some people in the 104 00:04:49,200 --> 00:04:53,160 Speaker 3: audience became unwell. And he started a disco which lasted 105 00:04:53,279 --> 00:04:56,520 Speaker 3: forty minutes, and he does that dance where he moves 106 00:04:56,560 --> 00:04:59,880 Speaker 3: his hands and it looks a little bit odd anyway, 107 00:05:00,200 --> 00:05:01,919 Speaker 3: for forty minutes, and people loved it. 108 00:05:01,920 --> 00:05:04,320 Speaker 2: People enjoyed it. This is the thing about campaigning. 109 00:05:04,839 --> 00:05:09,960 Speaker 3: Your candidates are often often exhausted, tired, and are prone 110 00:05:09,960 --> 00:05:12,839 Speaker 3: to just do weird stuff. It happens all the time. 111 00:05:13,040 --> 00:05:16,120 Speaker 3: And this was a weird thing. And it's forty minutes 112 00:05:16,160 --> 00:05:18,880 Speaker 3: of weird stuff. Hey, lots to come on the program 113 00:05:18,960 --> 00:05:20,520 Speaker 3: this morning and I want to fill you in on 114 00:05:20,560 --> 00:05:24,520 Speaker 3: an Air India flight. Basically a bomb thread against an 115 00:05:24,520 --> 00:05:29,080 Speaker 3: Air India flight, third time in two days. This time 116 00:05:29,760 --> 00:05:33,080 Speaker 3: the Singaporean Air Forces had to help help them land. 117 00:05:33,720 --> 00:05:35,640 Speaker 3: So we'll tell you, put you on on what that story, 118 00:05:35,680 --> 00:05:38,039 Speaker 3: what it's all about in just a sec News Talk said, 119 00:05:38,040 --> 00:05:57,320 Speaker 3: be on your Thursday morning eleven after five. 120 00:05:45,839 --> 00:05:52,640 Speaker 1: Time the first word on the News of the Day 121 00:05:52,880 --> 00:05:56,560 Speaker 1: Early edition with Ryan Bridge and Smith City, New Zealand's 122 00:05:56,560 --> 00:05:59,240 Speaker 1: Furniture Beds and a Planet Store News Talk. 123 00:05:59,080 --> 00:06:03,320 Speaker 3: ZIB fourteen after five News Talks ZB. So all you 124 00:06:03,440 --> 00:06:06,000 Speaker 3: need to do to bring down an airline, to bring 125 00:06:06,040 --> 00:06:09,720 Speaker 3: down a jet is basically seen an email and you 126 00:06:09,720 --> 00:06:14,719 Speaker 3: can disrupt global air travel. What an impossible situation for 127 00:06:14,760 --> 00:06:18,040 Speaker 3: airlines to try and handle anyway, So this is what happened. Basically, 128 00:06:18,120 --> 00:06:21,960 Speaker 3: somebody has or someone or some group is targeting Air 129 00:06:22,120 --> 00:06:27,760 Speaker 3: India flights. They have had three hoaxes in the last 130 00:06:27,880 --> 00:06:31,840 Speaker 3: two days. The latest one a two Singaporean Air Force 131 00:06:32,080 --> 00:06:35,640 Speaker 3: fighter jets had to scramble and escort an Air India 132 00:06:35,680 --> 00:06:39,640 Speaker 3: flight away from populated areas after the airline received an 133 00:06:39,640 --> 00:06:41,599 Speaker 3: email that there was a bomb on board the plane. 134 00:06:41,680 --> 00:06:42,920 Speaker 2: It was a hoax. 135 00:06:43,200 --> 00:06:48,120 Speaker 3: Nothing true about it. It's not funny, it's quite serious. 136 00:06:48,200 --> 00:06:51,160 Speaker 3: But how do you manage this when it's happened three 137 00:06:51,240 --> 00:06:53,880 Speaker 3: times now in the last two days. Nothing was found 138 00:06:53,920 --> 00:06:56,599 Speaker 3: once they landed. There was a plane going to Chicago 139 00:06:56,720 --> 00:06:59,200 Speaker 3: landed in Canada. One going to Mumbai to New York 140 00:06:59,240 --> 00:07:01,880 Speaker 3: City had to be verted to dally. How do you 141 00:07:02,080 --> 00:07:05,120 Speaker 3: handle that and who is behind it? I guess they 142 00:07:05,120 --> 00:07:07,919 Speaker 3: will get to the bottom of that. The former quite 143 00:07:07,920 --> 00:07:11,400 Speaker 3: hard to manage, I would imagine. Quarter past five, Ryan Bridge, 144 00:07:11,600 --> 00:07:14,520 Speaker 3: speaking of hard to manage. Wellington City Council and Wellington's 145 00:07:14,560 --> 00:07:17,400 Speaker 3: Meor Torri Farno will meet with Local Government Minister Simeon 146 00:07:17,480 --> 00:07:20,560 Speaker 3: Brown this morning at eight point thirty in a bid 147 00:07:20,640 --> 00:07:23,480 Speaker 3: to stop the government from intervening in our capital's council. 148 00:07:24,000 --> 00:07:26,360 Speaker 3: Yesterday they held an emergency meeting to try and fix 149 00:07:26,400 --> 00:07:29,440 Speaker 3: the long term plan, which relied on selling some of 150 00:07:29,480 --> 00:07:31,920 Speaker 3: the council's airport shares, which they voted not to do. 151 00:07:32,200 --> 00:07:34,600 Speaker 3: Ray Chung is the Wonnington City Councilor. He's with me 152 00:07:34,760 --> 00:07:40,680 Speaker 3: in the capital this morning. Ray, good morning, bear with me. 153 00:07:40,800 --> 00:07:42,000 Speaker 2: There we go. Ray, are you with me. 154 00:07:42,960 --> 00:07:48,160 Speaker 3: Yep, I've got you just fine, tell me what happens. 155 00:07:48,200 --> 00:07:51,240 Speaker 3: So you guys had this brief meeting yesterday for about 156 00:07:51,280 --> 00:07:54,440 Speaker 3: an hour. What is the mayor actually got to tell 157 00:07:54,640 --> 00:07:55,960 Speaker 3: Simeon Brown this morning? 158 00:07:56,000 --> 00:07:56,320 Speaker 2: Do you know? 159 00:07:57,600 --> 00:08:01,760 Speaker 9: Well, I think she's going that we've we've set the direction, 160 00:08:01,880 --> 00:08:05,400 Speaker 9: We've got general agreement from the council. Uh, you know, 161 00:08:05,480 --> 00:08:09,200 Speaker 9: through our meeting yesterday, we we appreciate that we've got 162 00:08:09,200 --> 00:08:11,360 Speaker 9: to make those savings. We've got to make those cuts. 163 00:08:11,600 --> 00:08:14,080 Speaker 9: The one of the problems though, is that we don't 164 00:08:14,080 --> 00:08:17,240 Speaker 9: know exactly how much we we actually have to take out. 165 00:08:18,040 --> 00:08:20,880 Speaker 9: We didn't get those numbers, and then so there's there's 166 00:08:21,000 --> 00:08:23,720 Speaker 9: you know, just a few different numbers and so but 167 00:08:23,720 --> 00:08:26,240 Speaker 9: once we get there, you know, we can look at 168 00:08:26,440 --> 00:08:29,600 Speaker 9: which bits that we actually need to take out. But yeah, 169 00:08:29,800 --> 00:08:32,080 Speaker 9: so I think that's a message he's taking. 170 00:08:32,559 --> 00:08:34,800 Speaker 3: So at the moment, you haven't actually agreed on anything. 171 00:08:34,800 --> 00:08:37,720 Speaker 3: You've just agreed to basically be a bit more agreeable. 172 00:08:38,720 --> 00:08:38,960 Speaker 2: Yeah. 173 00:08:39,040 --> 00:08:43,040 Speaker 9: Yeah, which just seemed to me to be a bit 174 00:08:43,360 --> 00:08:46,320 Speaker 9: a bit light because then and I would have thought 175 00:08:46,320 --> 00:08:50,360 Speaker 9: that we would walk on through and see it. Okay, Uh, 176 00:08:50,440 --> 00:08:52,240 Speaker 9: what are you willing to take out and what are 177 00:08:52,240 --> 00:08:54,640 Speaker 9: you're not willing to take out? And then so the 178 00:08:54,640 --> 00:08:56,640 Speaker 9: things that we all agree on, we can we can 179 00:08:56,640 --> 00:08:59,080 Speaker 9: put those down in the top row. And then the 180 00:08:59,080 --> 00:09:01,280 Speaker 9: things that we got agree on, we can say, okay, 181 00:09:01,280 --> 00:09:04,520 Speaker 9: we'll leave us a discussion and we'll look at how 182 00:09:04,559 --> 00:09:06,880 Speaker 9: much we actually need to cut before we can actually 183 00:09:06,920 --> 00:09:09,960 Speaker 9: do those. But but because we didn't have that information, 184 00:09:10,679 --> 00:09:12,920 Speaker 9: we we you know, we didn't do that. 185 00:09:13,160 --> 00:09:17,000 Speaker 2: So you do you still want do you still want 186 00:09:17,040 --> 00:09:17,760 Speaker 2: an early election? 187 00:09:17,840 --> 00:09:19,839 Speaker 3: And did you hear back from sim In Brown's office 188 00:09:19,880 --> 00:09:21,080 Speaker 3: with your request for one? 189 00:09:21,840 --> 00:09:22,080 Speaker 9: No? 190 00:09:22,080 --> 00:09:22,360 Speaker 3: No, no? 191 00:09:22,400 --> 00:09:26,080 Speaker 9: What I said that my preference would be for an 192 00:09:26,080 --> 00:09:29,920 Speaker 9: early election rather than the commissioner, because I'm just not 193 00:09:30,080 --> 00:09:33,760 Speaker 9: sure what a commissioner would do. And I looked at 194 00:09:33,760 --> 00:09:37,000 Speaker 9: the tower on the situation, and I think that the 195 00:09:37,000 --> 00:09:39,839 Speaker 9: situation we've got is different from from tower on it. 196 00:09:40,360 --> 00:09:42,600 Speaker 9: And I also talked to people up there and they 197 00:09:42,679 --> 00:09:44,319 Speaker 9: said that, well, some are happy and some and not. 198 00:09:44,520 --> 00:09:48,240 Speaker 9: So it's not having a commissioner and isn't the answer 199 00:09:48,240 --> 00:09:48,720 Speaker 9: to everything. 200 00:09:48,760 --> 00:09:52,160 Speaker 2: I don't believe. Do you want to be may or? Ray? 201 00:09:54,000 --> 00:09:55,000 Speaker 2: I am going to have a. 202 00:09:55,040 --> 00:09:56,800 Speaker 9: Go at it, yep, to certainly have to go with it. 203 00:09:58,400 --> 00:10:00,960 Speaker 3: That's why you're won an early election, right, get in there, 204 00:10:01,559 --> 00:10:03,840 Speaker 3: toy is gone raise the mayor. 205 00:10:05,000 --> 00:10:11,040 Speaker 9: No, not really. I'm usually not enjoying council and certainly 206 00:10:11,280 --> 00:10:17,120 Speaker 9: very very different from working my previous job, So I 207 00:10:17,160 --> 00:10:20,520 Speaker 9: don't think I've got a natural fit for it. But well, 208 00:10:20,559 --> 00:10:24,200 Speaker 9: I do think that something needs to happened. I run 209 00:10:24,240 --> 00:10:29,360 Speaker 9: constituent reading really monthly, and I'm getting feedback from everyone 210 00:10:29,400 --> 00:10:31,880 Speaker 9: I talked to about how on happy they are with 211 00:10:31,920 --> 00:10:32,880 Speaker 9: the way the city's going. 212 00:10:33,400 --> 00:10:35,320 Speaker 3: Yeah and yeah, and I mean you heard it that 213 00:10:35,360 --> 00:10:39,760 Speaker 3: event last night in Wellington celebrating business leaders in Wellington, 214 00:10:39,800 --> 00:10:42,440 Speaker 3: which is a fantastic event, But you did hear that 215 00:10:42,679 --> 00:10:43,640 Speaker 3: it just needs to be done. 216 00:10:43,720 --> 00:10:45,680 Speaker 2: Something needs to be done. It needs to be sorted. 217 00:10:45,720 --> 00:10:50,240 Speaker 3: Rayshang with us, potentially future mayor of Wellington, Wellington City councilor. 218 00:10:50,280 --> 00:10:52,920 Speaker 3: It is nineteen after five News Talk set b. 219 00:10:54,280 --> 00:10:55,760 Speaker 2: Get ahead of the headlines. 220 00:10:56,040 --> 00:10:59,640 Speaker 1: Ryan Bridge you for twenty twenty four on early edition 221 00:11:00,160 --> 00:11:03,240 Speaker 1: Smith City, New Zealand's fourniture beds and a playing store. 222 00:11:03,360 --> 00:11:05,480 Speaker 2: News Talk z'd be good morning. 223 00:11:05,480 --> 00:11:07,559 Speaker 3: Twenty one minutes after five on News Talk said be 224 00:11:07,880 --> 00:11:10,840 Speaker 3: how big will Adrian or go on rate cuts next month? 225 00:11:10,880 --> 00:11:12,880 Speaker 2: That is the question on everybody's lips. 226 00:11:12,880 --> 00:11:16,360 Speaker 3: He's away on business at the IMF currently, apparently, But 227 00:11:16,760 --> 00:11:19,959 Speaker 3: after yesterday's lowest annual inflation figure in three and a 228 00:11:20,000 --> 00:11:23,080 Speaker 3: half years, back in the safe zone at two point 229 00:11:23,160 --> 00:11:26,040 Speaker 3: two percent, could we see a seventy five basis point 230 00:11:26,240 --> 00:11:29,320 Speaker 3: cut by Christmas? Gosh, we're all excited, aren't we. Nick touughley' 231 00:11:29,320 --> 00:11:31,200 Speaker 3: is the asbchief economist. He's with us this morning. 232 00:11:31,280 --> 00:11:34,960 Speaker 2: Hey, Nick, morning, Hey, So I mean this, first of. 233 00:11:34,960 --> 00:11:37,160 Speaker 3: All, this is great news, isn't it that we're back 234 00:11:37,160 --> 00:11:37,840 Speaker 3: in a safe zone? 235 00:11:37,880 --> 00:11:40,960 Speaker 2: But how how safe are we? How precurious is that. 236 00:11:42,320 --> 00:11:45,480 Speaker 8: We do think that inflation will be remaining very close 237 00:11:45,520 --> 00:11:48,079 Speaker 8: to two percent now over the next couple of years. 238 00:11:48,120 --> 00:11:50,920 Speaker 8: So if anything needs a chance that inflation could each 239 00:11:51,040 --> 00:11:54,240 Speaker 8: of it below two percent at some point as we're 240 00:11:54,280 --> 00:11:57,280 Speaker 8: heading towards the end of twenty twenty five twenty twenty six. Look, 241 00:11:57,559 --> 00:11:59,440 Speaker 8: we're really back in the zone now. 242 00:12:00,679 --> 00:12:03,240 Speaker 3: And it would take something quite dramatic to get us out, 243 00:12:03,240 --> 00:12:06,040 Speaker 3: because I mean, you look at the insurance, the rents, 244 00:12:06,400 --> 00:12:09,200 Speaker 3: the rates that will expected to keep going up, right, 245 00:12:09,480 --> 00:12:13,360 Speaker 3: But the international story is a different one. What about 246 00:12:13,360 --> 00:12:16,280 Speaker 3: if oil spiked because of the Middle East or something 247 00:12:16,360 --> 00:12:16,600 Speaker 3: like that. 248 00:12:17,960 --> 00:12:19,800 Speaker 8: Well, we still have that mixture where some of that 249 00:12:19,920 --> 00:12:23,040 Speaker 8: domestic inflation is still pretty high, and that will need 250 00:12:23,120 --> 00:12:25,040 Speaker 8: a little bit going forward, and that will help keep 251 00:12:25,080 --> 00:12:28,439 Speaker 8: things down. We have had things like oil prices pulling 252 00:12:28,559 --> 00:12:32,559 Speaker 8: back at times over the last quarter, which helped keep 253 00:12:32,559 --> 00:12:35,280 Speaker 8: inflation low at the moment. But yes, there's always the Wattes. 254 00:12:35,960 --> 00:12:38,240 Speaker 8: It will take a pretty significant spike in the price 255 00:12:38,280 --> 00:12:40,760 Speaker 8: of oil to push things up, and the Reserve Bank 256 00:12:40,800 --> 00:12:44,200 Speaker 8: won't necessarily rush to turn around and start putting rates 257 00:12:44,280 --> 00:12:47,480 Speaker 8: up or slow the pace down because oil prices are 258 00:12:47,480 --> 00:12:50,520 Speaker 8: something that can't control. They tend to have a short 259 00:12:50,600 --> 00:12:53,839 Speaker 8: term impact. But the Reserve Bank would worry about so 260 00:12:53,920 --> 00:12:57,959 Speaker 8: sizeable and lifting oil prices, whether there are some lingering 261 00:12:58,000 --> 00:13:00,400 Speaker 8: impacts created by just the impacts of it has on 262 00:13:00,600 --> 00:13:02,360 Speaker 8: transport and wider costs. 263 00:13:02,760 --> 00:13:04,920 Speaker 3: All right, I'll stop worrying about the oil thing now 264 00:13:04,960 --> 00:13:07,400 Speaker 3: and then Nick, thank you. Well, what's up with the 265 00:13:07,679 --> 00:13:10,680 Speaker 3: domestic air travel? The price is down by eleven percent? 266 00:13:11,040 --> 00:13:13,319 Speaker 3: I was reading that going really eleven percent? 267 00:13:14,760 --> 00:13:18,000 Speaker 8: Well, you do find that air travels it's quite seasonal, 268 00:13:18,120 --> 00:13:22,000 Speaker 8: so it does go up and down from one quarter 269 00:13:22,040 --> 00:13:23,560 Speaker 8: to the next. As we move in and out of 270 00:13:23,559 --> 00:13:26,760 Speaker 8: the sort of tourism season. We did see quite a 271 00:13:26,800 --> 00:13:31,280 Speaker 8: spike in sort of airfare prices in that sort of 272 00:13:31,840 --> 00:13:35,240 Speaker 8: immediate post COVID period, but we have now started to 273 00:13:35,280 --> 00:13:37,679 Speaker 8: see some settling down in that area and you can 274 00:13:37,720 --> 00:13:40,920 Speaker 8: see that in accommodation costs as well, where the trend 275 00:13:40,960 --> 00:13:43,360 Speaker 8: has been that things have started to ease back after 276 00:13:43,400 --> 00:13:45,280 Speaker 8: that initial nudge that we saw. 277 00:13:46,440 --> 00:13:48,360 Speaker 3: Nick, Thanks very much for you update this morning. Really 278 00:13:48,400 --> 00:13:52,240 Speaker 3: appreciate it. Nick Tuffley, chief economist at ASB Bank. We're 279 00:13:52,240 --> 00:13:53,960 Speaker 3: in the zone and it sounds like we're going to 280 00:13:53,960 --> 00:13:56,240 Speaker 3: stay there for the full seable, which is great news. 281 00:13:56,280 --> 00:13:59,240 Speaker 2: Just gone twenty four after five News Talks. That'd be the. 282 00:13:59,320 --> 00:14:03,120 Speaker 1: Earlier this year full show podcast on iHeartRadio. How it 283 00:14:03,240 --> 00:14:03,959 Speaker 1: by News Talks. 284 00:14:03,960 --> 00:14:06,439 Speaker 3: It me it is twenty six alf to five year 285 00:14:06,440 --> 00:14:09,400 Speaker 3: on News Talks. It be a timely reminder, an important 286 00:14:09,400 --> 00:14:11,400 Speaker 3: one too for me. Last night, I'm in Wellington, as 287 00:14:11,440 --> 00:14:15,400 Speaker 3: I mentioned earlier, flew into the shammozzel storm yesterday for 288 00:14:15,440 --> 00:14:18,480 Speaker 3: an event last night. It's easily one of the most 289 00:14:18,520 --> 00:14:20,240 Speaker 3: beautiful cities in New Zealand, is it not? 290 00:14:20,720 --> 00:14:21,920 Speaker 2: Can we all agree on that? 291 00:14:22,000 --> 00:14:24,360 Speaker 3: With the Hills jutting out of the harbor, all of 292 00:14:24,400 --> 00:14:27,040 Speaker 3: the bush surrounding it. It is stunning and the weather 293 00:14:27,120 --> 00:14:29,760 Speaker 3: was good, so that helped. It was absolutely beautiful flying 294 00:14:29,760 --> 00:14:32,280 Speaker 3: in and then you land and there's the road cones 295 00:14:32,280 --> 00:14:34,560 Speaker 3: and there's the uber driver not happy, and the Mayor's 296 00:14:34,600 --> 00:14:37,720 Speaker 3: and meltdown, and the government's taking over and the council 297 00:14:37,920 --> 00:14:41,360 Speaker 3: is all over the place, shambles, shamozl all that stuff. 298 00:14:41,760 --> 00:14:45,040 Speaker 3: But then this event last night featured and honored a 299 00:14:45,080 --> 00:14:48,400 Speaker 3: couple of Wellington business people, among them Brian McGuinness, whose 300 00:14:48,440 --> 00:14:52,760 Speaker 3: family have either built or refurbished basically half of Wellington, 301 00:14:54,120 --> 00:14:56,880 Speaker 3: including Government House by the way, which I found fascinating 302 00:14:57,320 --> 00:14:59,760 Speaker 3: being in business for decades, you know, more than fifty years. 303 00:15:00,920 --> 00:15:03,040 Speaker 2: Doug Hodak was a name you will know. He was 304 00:15:03,040 --> 00:15:07,080 Speaker 2: on there as well, great Wellingtonian. Many were honored there. 305 00:15:07,120 --> 00:15:10,080 Speaker 3: But the speech has particularly got me last night, got 306 00:15:10,120 --> 00:15:12,760 Speaker 3: me right in the guts. Actually, these are guys who 307 00:15:12,840 --> 00:15:16,720 Speaker 3: have seen it all, Wellington at its best, Wellington at 308 00:15:16,720 --> 00:15:19,880 Speaker 3: its absolute worst, but when it's the crown on the jewel, 309 00:15:19,920 --> 00:15:23,320 Speaker 3: when it's the butt of our jokes. And their message 310 00:15:23,800 --> 00:15:29,840 Speaker 3: essentially was politics is temporary, like any city. 311 00:15:29,920 --> 00:15:30,800 Speaker 2: The real pulse. 312 00:15:30,880 --> 00:15:34,360 Speaker 3: The real engine room is private enterprise, always has been, 313 00:15:34,400 --> 00:15:38,560 Speaker 3: always will be. And there was a tech guru, John 314 00:15:38,640 --> 00:15:41,920 Speaker 3: Daniel Trask who spoke last night. He said we shouldn't 315 00:15:41,920 --> 00:15:46,040 Speaker 3: always look to the council, to the government to fix 316 00:15:46,160 --> 00:15:50,000 Speaker 3: our problems or to make things better, because for the 317 00:15:50,000 --> 00:15:53,200 Speaker 3: most part we can actually do it on our own. 318 00:15:53,680 --> 00:15:57,280 Speaker 3: We can solve problems on our own. Sure, there are 319 00:15:57,360 --> 00:15:59,880 Speaker 3: some issues that only government can and counsel can look 320 00:15:59,880 --> 00:16:01,840 Speaker 3: after that only government and council have. 321 00:16:01,840 --> 00:16:02,760 Speaker 2: A purview over. 322 00:16:03,600 --> 00:16:06,680 Speaker 3: But for most things we can actually do it ourselves. 323 00:16:07,800 --> 00:16:12,520 Speaker 3: And so that is true of Wellington. Wellington is no exception. 324 00:16:12,640 --> 00:16:16,640 Speaker 3: Wellington will come back and probably doesn't help that people 325 00:16:16,680 --> 00:16:19,520 Speaker 3: like me sit in front of microphones in Auckland and bleat. 326 00:16:19,280 --> 00:16:20,000 Speaker 2: About the place. 327 00:16:21,520 --> 00:16:24,880 Speaker 3: But you know, it's fun from a distance, quite different 328 00:16:24,960 --> 00:16:29,440 Speaker 3: up close. Twenty eight after five Crying Bridge. Matt Doocey's 329 00:16:29,480 --> 00:16:32,760 Speaker 3: on the show. He's the acc Minister. Because the deficits 330 00:16:32,840 --> 00:16:36,480 Speaker 3: just hit seven point two billion dollars for the year. 331 00:16:36,560 --> 00:16:39,160 Speaker 3: We will ask him what does that mean for your levies? 332 00:16:39,360 --> 00:16:41,040 Speaker 3: Does that mean they'll cut back on some of your 333 00:16:41,040 --> 00:16:45,120 Speaker 3: physio services? You have taxis to work. Apparently it's taking 334 00:16:45,200 --> 00:16:50,200 Speaker 3: us longer to recover from injuries? Does that sound suspicious 335 00:16:50,280 --> 00:16:53,600 Speaker 3: to you? I mean, with all the medical advancements, with 336 00:16:53,720 --> 00:16:56,320 Speaker 3: all of the physio treatments we have now, why is 337 00:16:56,360 --> 00:17:00,920 Speaker 3: it taking us longer to recover from in Is someone 338 00:17:01,000 --> 00:17:06,800 Speaker 3: taking the piss? Twenty nine after five News Talks by. 339 00:17:25,760 --> 00:17:30,159 Speaker 1: On your radio and online on iHeartRadio Early edition with 340 00:17:30,359 --> 00:17:33,720 Speaker 1: Ryan Bridge and Smith City, New Zealand's Furniture Beds and 341 00:17:33,760 --> 00:17:41,080 Speaker 1: a Playing Store. News Talks A B. 342 00:17:47,320 --> 00:17:50,000 Speaker 3: Good morning, twenty four away from six News Talks B. 343 00:17:50,160 --> 00:17:52,520 Speaker 3: It's going to be a great day. Welcome to your Thursday. 344 00:17:52,560 --> 00:17:55,919 Speaker 3: Mitch McCann is stateside for us. The political race now 345 00:17:55,960 --> 00:17:59,760 Speaker 3: in a dead heat. And what is Karmala Harris going 346 00:17:59,760 --> 00:18:01,560 Speaker 3: to do? Where she's going on the attack is what 347 00:18:01,600 --> 00:18:04,280 Speaker 3: she's doing. Mitch McCann with us a little later, Matt Doocy, 348 00:18:04,280 --> 00:18:06,919 Speaker 3: the ACC Minister, A lot of concern from you this 349 00:18:07,000 --> 00:18:11,240 Speaker 3: morning about the books. Our ACC books a seven point 350 00:18:11,240 --> 00:18:14,280 Speaker 3: two billion dollar deficit. We'll ask the minister about that. 351 00:18:15,960 --> 00:18:16,200 Speaker 1: Ryan. 352 00:18:16,320 --> 00:18:19,479 Speaker 3: Something doesn't add up, says David, with the losses incurred 353 00:18:19,480 --> 00:18:22,480 Speaker 3: by ACC going from a billion dollar profit to a 354 00:18:22,520 --> 00:18:25,440 Speaker 3: seven billion dollar loss in one year, and they're making 355 00:18:25,440 --> 00:18:28,040 Speaker 3: it sound like it's all client costs. However, it would 356 00:18:28,080 --> 00:18:30,560 Speaker 3: be interesting to know if they have lost money through 357 00:18:30,600 --> 00:18:33,879 Speaker 3: bad investments, they actually made money on their investments, David. 358 00:18:33,880 --> 00:18:36,760 Speaker 3: But I will ask Matt Doocy about that. What it 359 00:18:36,840 --> 00:18:40,840 Speaker 3: says here is the largely driven by an eight point 360 00:18:40,840 --> 00:18:44,760 Speaker 3: seven billion dollar increase in the outstanding claims liability, which 361 00:18:44,800 --> 00:18:48,560 Speaker 3: is basically how much they expect injuries that have already 362 00:18:48,640 --> 00:18:53,560 Speaker 3: happened to cost them into the future. That has increased substantially. 363 00:18:54,280 --> 00:18:56,480 Speaker 3: So I'm assuming that is inflation related. 364 00:18:56,560 --> 00:18:56,960 Speaker 2: I don't know. 365 00:18:57,040 --> 00:18:59,120 Speaker 3: We'll ask Matt Doocy about that when he's on the show. 366 00:18:59,240 --> 00:19:01,879 Speaker 3: Just before six it is twenty three away. 367 00:19:02,320 --> 00:19:03,320 Speaker 2: Ran the Bridge. 368 00:19:03,720 --> 00:19:05,720 Speaker 3: We're going to our reporters around the country, starting in 369 00:19:05,760 --> 00:19:06,919 Speaker 3: Dunedin with Callen Proctor. 370 00:19:06,920 --> 00:19:08,080 Speaker 2: Cullen, Good morning. 371 00:19:08,680 --> 00:19:12,640 Speaker 3: Morning, Ryan, fresh push from Dunedin about the health system there. 372 00:19:14,720 --> 00:19:17,280 Speaker 10: Yes, the mayor and the and councilors here have unveiled 373 00:19:17,480 --> 00:19:21,240 Speaker 10: officially unveiled this ambulance, this protest ambulance, Ryan, and its 374 00:19:21,320 --> 00:19:25,479 Speaker 10: name is Cliff as in the ambulance at the bottom 375 00:19:25,520 --> 00:19:28,159 Speaker 10: of and that's what they want to avoid here with 376 00:19:28,840 --> 00:19:35,000 Speaker 10: our health system and this hospital process campaign. It's being 377 00:19:35,080 --> 00:19:37,359 Speaker 10: used to help spread the campaign's new slogan around the 378 00:19:37,400 --> 00:19:40,640 Speaker 10: South and potentially up to Wellington. This ambulance the new 379 00:19:40,640 --> 00:19:44,520 Speaker 10: slogan Save our Southern Hospital. The councilor has also purchased 380 00:19:44,520 --> 00:19:49,359 Speaker 10: digital billboards in Wellington, they say, at a heavily discounted price, 381 00:19:49,840 --> 00:19:52,679 Speaker 10: with the save our Southern Hospital message clearly aimed at 382 00:19:52,680 --> 00:19:53,359 Speaker 10: the politicians. 383 00:19:53,359 --> 00:19:53,560 Speaker 2: There. 384 00:19:53,560 --> 00:19:57,520 Speaker 10: There's campaign badges, a website and Instagram page being launched 385 00:19:57,520 --> 00:20:00,320 Speaker 10: as well. The mayor says, look that the such a 386 00:20:00,400 --> 00:20:03,040 Speaker 10: simple They want the hospital that was promised one fit 387 00:20:03,119 --> 00:20:05,119 Speaker 10: for purpose now and for decades to come. 388 00:20:05,440 --> 00:20:09,760 Speaker 2: All right, how's your weather today? Come fine? And sixteen today? Brilliant? 389 00:20:09,760 --> 00:20:10,040 Speaker 2: Thank you. 390 00:20:10,080 --> 00:20:13,119 Speaker 3: Claire Schubert is in christ Church with well almost the 391 00:20:13,160 --> 00:20:16,000 Speaker 3: opposite story there, Claire, Yeah. 392 00:20:15,800 --> 00:20:18,200 Speaker 11: Well we're celebrating up here that we've got some more 393 00:20:18,400 --> 00:20:20,960 Speaker 11: surgical theater space coming to christ Church. 394 00:20:21,320 --> 00:20:21,560 Speaker 3: Now. 395 00:20:21,600 --> 00:20:24,240 Speaker 11: Of course, normally I'm talking about how bad our health 396 00:20:24,240 --> 00:20:26,880 Speaker 11: system in christ Church is, but at the moment this 397 00:20:26,960 --> 00:20:29,040 Speaker 11: is good news. There is an increase to the capacity, 398 00:20:29,080 --> 00:20:32,440 Speaker 11: with eighteen hundred surgeries to be on offer annually come 399 00:20:32,560 --> 00:20:35,280 Speaker 11: January next year. This is because of an expansion to 400 00:20:35,440 --> 00:20:39,880 Speaker 11: Forte Health Hospital. That is, of course a private hospital here, 401 00:20:39,880 --> 00:20:43,440 Speaker 11: but it's used by the public system too. The chief executive, 402 00:20:43,440 --> 00:20:45,960 Speaker 11: Michael Woodhouse, says this has been running at capacity for 403 00:20:45,960 --> 00:20:49,680 Speaker 11: the last five years. Construction of the fifth operating theatre 404 00:20:49,760 --> 00:20:52,719 Speaker 11: is going to increase the space by twenty five percent. 405 00:20:53,080 --> 00:20:55,360 Speaker 11: He says, as I just mentioned that opening. It will 406 00:20:55,400 --> 00:20:58,000 Speaker 11: also increase use for the public health system to access 407 00:20:58,040 --> 00:20:59,600 Speaker 11: the theater capacity when needed. 408 00:21:00,119 --> 00:21:01,320 Speaker 2: Very good. How's your weather today? 409 00:21:01,840 --> 00:21:04,600 Speaker 11: Clad will clear to find this morning northeast of east 410 00:21:04,600 --> 00:21:07,560 Speaker 11: developing and be fresh for a time this afternoon a high. 411 00:21:07,320 --> 00:21:08,720 Speaker 6: Of fourteen brilliant. 412 00:21:08,720 --> 00:21:09,120 Speaker 2: Thank you. 413 00:21:09,200 --> 00:21:11,760 Speaker 3: Max Hoole is with me in Wellington this morning. Max, 414 00:21:11,840 --> 00:21:14,400 Speaker 3: good morning, what a pleasure do you know? You look 415 00:21:14,440 --> 00:21:18,199 Speaker 3: a lot happier than you sound. Comes in with a 416 00:21:18,200 --> 00:21:19,080 Speaker 3: big beaming smile. 417 00:21:19,160 --> 00:21:20,000 Speaker 12: Take that as a compliment. 418 00:21:20,680 --> 00:21:22,240 Speaker 2: Hey, what's happening with the council. 419 00:21:22,280 --> 00:21:24,520 Speaker 3: We've got this meeting at eight thirty with Simmon Brown 420 00:21:24,560 --> 00:21:26,320 Speaker 3: and the mere right yeaheah. 421 00:21:26,359 --> 00:21:28,280 Speaker 12: Let's start with yesterday a bit of a media circus 422 00:21:28,280 --> 00:21:31,080 Speaker 12: at the City Council. Our reporter was there, other reporters 423 00:21:31,119 --> 00:21:34,360 Speaker 12: that were their councilors. The councilors all sidled out one 424 00:21:34,400 --> 00:21:36,879 Speaker 12: by one. They got their five minutes. Let's start with 425 00:21:36,920 --> 00:21:39,640 Speaker 12: the mayor. She's resolute. She says the meeting was productive. 426 00:21:39,720 --> 00:21:42,800 Speaker 12: Nothing to see here, even though nothing's actually been determined yet. 427 00:21:43,080 --> 00:21:45,920 Speaker 12: Called this urgent meeting, of course, to discuss this financial 428 00:21:46,000 --> 00:21:48,560 Speaker 12: hole in the budget worth up to six hundred million dollars, 429 00:21:48,880 --> 00:21:51,119 Speaker 12: she's insisting they're getting on with it. The thing is, 430 00:21:51,160 --> 00:21:53,520 Speaker 12: we're about a year out from local body elections, and 431 00:21:53,520 --> 00:21:54,840 Speaker 12: I can tell you quite a few people in that 432 00:21:54,920 --> 00:21:57,920 Speaker 12: room yesterday are weighing up running for mayor. Right now, 433 00:21:58,320 --> 00:22:00,879 Speaker 12: let's start with Ray Chung. He's confirmed, the only one 434 00:22:00,920 --> 00:22:03,400 Speaker 12: who is confirmed actually is running for mayor. He says, 435 00:22:03,440 --> 00:22:07,240 Speaker 12: Hid do virtually everything different to Tori Fano, And yet 436 00:22:07,280 --> 00:22:10,840 Speaker 12: the majority obviously against crown intervention. As you say, Fanos 437 00:22:10,880 --> 00:22:13,840 Speaker 12: meeting the Simeon Brown, the local government minister today are 438 00:22:13,920 --> 00:22:18,280 Speaker 12: united fronts. Not really intervention still possible, perhaps even likely. 439 00:22:18,560 --> 00:22:20,480 Speaker 12: I think the council is going to remain a circus 440 00:22:20,480 --> 00:22:21,000 Speaker 12: for some time. 441 00:22:21,400 --> 00:22:23,800 Speaker 3: Yeah, I think you're right. But I said to we 442 00:22:23,840 --> 00:22:25,879 Speaker 3: head Rychang on this morning, I said, what did you 443 00:22:25,960 --> 00:22:29,560 Speaker 3: actually decide yesterday? I mean, they didn't decide anything, just 444 00:22:29,600 --> 00:22:32,040 Speaker 3: to be a bit more agreeable with each other into 445 00:22:32,040 --> 00:22:32,520 Speaker 3: the future. 446 00:22:32,640 --> 00:22:34,840 Speaker 12: Well yeah, almost like advice behind the scenes. Can we 447 00:22:34,960 --> 00:22:37,879 Speaker 12: please you know, present at least this United Front. 448 00:22:38,040 --> 00:22:40,520 Speaker 3: Yeah, all right, thank you Max. Great to see you, Max. 449 00:22:40,600 --> 00:22:42,360 Speaker 3: Hole in Wellington. How we're the today? 450 00:22:42,480 --> 00:22:44,480 Speaker 12: I should say it should be mostly fine once it 451 00:22:44,520 --> 00:22:46,879 Speaker 12: starts to warm up, getting up to sixteen in the city. 452 00:22:47,000 --> 00:22:50,280 Speaker 2: Brilliant. Thank you navers in Auckland this morning, every good morning. 453 00:22:50,040 --> 00:22:50,840 Speaker 6: Good morning. 454 00:22:50,960 --> 00:22:54,160 Speaker 13: I am sitting in your seat today because obviously you're 455 00:22:54,200 --> 00:22:56,919 Speaker 13: in Wellington and this seat is amazing. 456 00:22:57,480 --> 00:23:01,160 Speaker 3: It is quite comfortable, isn't it very No, you probably 457 00:23:01,200 --> 00:23:03,440 Speaker 3: shouldn't call it my seat because you know who will 458 00:23:03,440 --> 00:23:05,520 Speaker 3: get upset by that. 459 00:23:05,359 --> 00:23:08,679 Speaker 2: The the hosk will get upset. 460 00:23:08,880 --> 00:23:10,680 Speaker 13: I'm going to wheel it out before he starts at 461 00:23:10,680 --> 00:23:11,439 Speaker 13: six a year. 462 00:23:13,200 --> 00:23:15,480 Speaker 2: No, but pull it out just as he's sitting down. 463 00:23:17,000 --> 00:23:21,040 Speaker 3: Hey, the popular Aucland walkway being reopened after a year 464 00:23:21,080 --> 00:23:21,600 Speaker 3: long closure. 465 00:23:21,600 --> 00:23:22,320 Speaker 2: Which one is this? 466 00:23:22,440 --> 00:23:24,480 Speaker 13: Well, look, this is really really good news. This is 467 00:23:24,520 --> 00:23:26,560 Speaker 13: the one on the north shore, that Tuckapoon and Melford 468 00:23:26,600 --> 00:23:29,439 Speaker 13: Beach walkway. So I mean the locals here will remember 469 00:23:29,480 --> 00:23:31,760 Speaker 13: in September last year. This is the owners of the 470 00:23:31,760 --> 00:23:34,080 Speaker 13: first cottage they fenced off the section this is of 471 00:23:34,160 --> 00:23:37,119 Speaker 13: that walkway, that Takapoon and Milford Beach walkway because it 472 00:23:37,160 --> 00:23:40,040 Speaker 13: cuts across their property. So the Ann and Paul further 473 00:23:40,200 --> 00:23:44,240 Speaker 13: State say, now, great news, are going to restore the walkway. 474 00:23:44,320 --> 00:23:47,520 Speaker 13: This is a gesture of goodwill because there was you know, 475 00:23:47,600 --> 00:23:50,439 Speaker 13: like this huge you know, arguments of the organd Council 476 00:23:50,520 --> 00:23:54,480 Speaker 13: refusing requests to remove the cottage's heritage status. So the 477 00:23:54,640 --> 00:23:56,199 Speaker 13: estate says, no, we're going to do it. We're going 478 00:23:56,240 --> 00:23:58,640 Speaker 13: to restore the walkway. Good news for locals. It's going 479 00:23:58,680 --> 00:24:00,719 Speaker 13: to be open and time for summer. 480 00:24:01,480 --> 00:24:02,920 Speaker 2: Brilliant. How's the weather today? 481 00:24:03,080 --> 00:24:06,199 Speaker 13: Fine weather today and our high eighteen degrees and I'm 482 00:24:06,240 --> 00:24:08,080 Speaker 13: just going to spin around in this chair a couple 483 00:24:08,119 --> 00:24:08,760 Speaker 13: more times. 484 00:24:09,280 --> 00:24:12,400 Speaker 3: You enjoy that you get comfortable in there. Nev never 485 00:24:12,560 --> 00:24:14,440 Speaker 3: it all can for us this morning and our reporters 486 00:24:14,480 --> 00:24:17,280 Speaker 3: right around the country. Matt, do see the acc Minister 487 00:24:17,400 --> 00:24:21,000 Speaker 3: coming up just before six. Should you be worried about 488 00:24:21,119 --> 00:24:23,760 Speaker 3: Levy's Should you be worried about coverage with. 489 00:24:23,800 --> 00:24:26,800 Speaker 2: Our no fault insurance game? Plus Mitch McCann out of. 490 00:24:26,800 --> 00:24:31,320 Speaker 1: The States international correspondence with Ends and Eye Insurance. Peace 491 00:24:31,320 --> 00:24:33,240 Speaker 1: of mind for New Zealand business. 492 00:24:34,200 --> 00:24:36,439 Speaker 3: Fourteen away from six News Talk Sai'd be great to 493 00:24:36,440 --> 00:24:39,520 Speaker 3: have your company this morning. The US election race is 494 00:24:39,920 --> 00:24:42,440 Speaker 3: toyter than a toyger, you'd have to say. And so 495 00:24:42,720 --> 00:24:45,480 Speaker 3: Karmala Harris is going into the lions. Dan Mitch McCann 496 00:24:45,560 --> 00:24:48,840 Speaker 3: is a US correspondent. Mitch is going on Fox News. 497 00:24:48,920 --> 00:24:52,520 Speaker 3: Is this a completely unscripted interview situation? 498 00:24:53,280 --> 00:24:56,359 Speaker 5: Well, it is, and it's an opportunity to peel to 499 00:24:56,480 --> 00:24:59,439 Speaker 5: more voters because this election is so close, Ryan, it 500 00:24:59,480 --> 00:25:01,879 Speaker 5: could come down to just a few hundred votes in 501 00:25:01,920 --> 00:25:04,680 Speaker 5: one of these red states in a couple of weeks. 502 00:25:04,720 --> 00:25:07,159 Speaker 5: In fact, there are only nineteen days, twelve hours, in 503 00:25:07,200 --> 00:25:10,440 Speaker 5: about thirteen minutes to go. And there are a number 504 00:25:10,440 --> 00:25:12,480 Speaker 5: of areas that Kamala Harris is doing well. 505 00:25:12,520 --> 00:25:12,720 Speaker 14: Here. 506 00:25:12,760 --> 00:25:15,480 Speaker 5: She's doing well with women and seniors. Donald Trump is 507 00:25:15,520 --> 00:25:18,720 Speaker 5: doing well with young men. But there's one demographic that 508 00:25:18,760 --> 00:25:22,199 Speaker 5: Kamala Harris would probably like to improve on, and that 509 00:25:22,359 --> 00:25:25,280 Speaker 5: is the African American community, which I might add has 510 00:25:25,280 --> 00:25:28,639 Speaker 5: always been such a strong source of votes for the Democrats. 511 00:25:29,240 --> 00:25:32,200 Speaker 5: So while Kamala Harris is on track to win an 512 00:25:32,240 --> 00:25:35,199 Speaker 5: overwhelming number of Black votes, she may need more than 513 00:25:35,240 --> 00:25:38,760 Speaker 5: she is forecast. Get this in twenty sixteen and twenty twenty, 514 00:25:38,800 --> 00:25:41,320 Speaker 5: the Democrats won the black vote with ninety two and 515 00:25:41,520 --> 00:25:44,880 Speaker 5: ninety percent margins. But according to the New York Times, 516 00:25:44,960 --> 00:25:49,639 Speaker 5: forecasts show that seventy eight percent support Harris this time around. 517 00:25:49,680 --> 00:25:51,720 Speaker 5: So it's a lot of votes, but it's quite a 518 00:25:51,720 --> 00:25:56,199 Speaker 5: bit less than what Biden received in twenty twenty. So 519 00:25:56,560 --> 00:25:58,359 Speaker 5: this might seem like a lot of votes, but it 520 00:25:58,400 --> 00:26:00,840 Speaker 5: could come down to just a feud. Tamalaharas is going 521 00:26:00,880 --> 00:26:02,359 Speaker 5: to need that community. 522 00:26:02,440 --> 00:26:04,960 Speaker 3: Especially in places like Georgia, right where the proportion is 523 00:26:05,000 --> 00:26:06,160 Speaker 3: a lot higher, it. 524 00:26:06,080 --> 00:26:08,880 Speaker 2: Can swing a state. Let's talk about Biden. 525 00:26:09,400 --> 00:26:13,520 Speaker 3: The administration has sent a letter to Israeli leaders demanding 526 00:26:13,600 --> 00:26:14,400 Speaker 3: what exactly. 527 00:26:15,080 --> 00:26:16,680 Speaker 2: Yeah, so the US has written this letter. 528 00:26:16,760 --> 00:26:19,399 Speaker 5: It's been signed by the US Defense Secretary and the 529 00:26:19,440 --> 00:26:23,440 Speaker 5: Secretary of State, which tells Israel it has thirty days 530 00:26:23,480 --> 00:26:26,720 Speaker 5: to boost humanitarian aid to the people in war torn 531 00:26:26,800 --> 00:26:30,800 Speaker 5: Gaza or there is a risk of policy consequences, which 532 00:26:30,840 --> 00:26:34,120 Speaker 5: most people assume means that the US may stop shipping 533 00:26:34,760 --> 00:26:37,640 Speaker 5: US weapons to Israel. And the four page letter, which 534 00:26:37,680 --> 00:26:41,000 Speaker 5: complains about the lack of aid being allowed into Gaza, 535 00:26:41,119 --> 00:26:43,719 Speaker 5: points out that the flow of eight has dropped by 536 00:26:43,720 --> 00:26:47,480 Speaker 5: more than fifty percent since Benjamin Ettner, who promised to 537 00:26:47,560 --> 00:26:50,000 Speaker 5: allow more deliveries. Now the White House says it's not 538 00:26:50,080 --> 00:26:53,600 Speaker 5: a threat, but it's just intended to reiterate this sense 539 00:26:53,640 --> 00:26:55,000 Speaker 5: of urgency in the region. 540 00:26:55,560 --> 00:26:57,240 Speaker 2: Mitch, thank you for that, Mitch mccannal Man. 541 00:26:57,280 --> 00:26:59,680 Speaker 3: In the States, it is twelve minutes away from six 542 00:26:59,720 --> 00:27:04,399 Speaker 3: News Bryant Bridge. ACC's announced to seven point two billion 543 00:27:04,440 --> 00:27:07,440 Speaker 3: dollar deficit for the year to journe This just after 544 00:27:07,440 --> 00:27:10,320 Speaker 3: a year after reporting a surplace of nine hundred and 545 00:27:10,359 --> 00:27:13,399 Speaker 3: eleven million, and it's got everyone on the text machine saying, 546 00:27:13,480 --> 00:27:16,680 Speaker 3: what how does that happen? It comes as the ACC 547 00:27:16,840 --> 00:27:18,760 Speaker 3: is looking to raise levies for twenty twenty five to 548 00:27:18,800 --> 00:27:22,200 Speaker 3: twenty twenty eight. This is to help pay for increasing costs. 549 00:27:22,320 --> 00:27:25,080 Speaker 3: Matt Doucy is the ACC minister. He's with me this morning, 550 00:27:25,080 --> 00:27:26,680 Speaker 3: Minister Morna, good morning. 551 00:27:27,440 --> 00:27:30,120 Speaker 14: Morlene to mother a Ryan, good to have you. 552 00:27:30,080 --> 00:27:30,520 Speaker 2: On the show. 553 00:27:30,760 --> 00:27:32,959 Speaker 3: Tell me, first of all, how bad is this on 554 00:27:33,000 --> 00:27:35,199 Speaker 3: a scale of one to ten, How worried are you? 555 00:27:36,240 --> 00:27:40,280 Speaker 14: Oh? Look, I think it's hugely concerning. I think ACC 556 00:27:40,520 --> 00:27:42,720 Speaker 14: quite frankly needs to lift its game. But I think 557 00:27:42,760 --> 00:27:45,200 Speaker 14: we do need to take a step back. I mean 558 00:27:45,240 --> 00:27:49,719 Speaker 14: ACC celebrated its fiftieth birthday recently. It's a big institution 559 00:27:49,880 --> 00:27:52,320 Speaker 14: in New Zealand. In the last financial year it's settled 560 00:27:52,359 --> 00:27:55,879 Speaker 14: about seven billion dollars worth of claims, four billion for 561 00:27:55,960 --> 00:28:01,560 Speaker 14: treatment costs, about three billion for a weekly compensation. We're 562 00:28:01,560 --> 00:28:05,720 Speaker 14: not talking about any financial sustainability risks in the short 563 00:28:05,760 --> 00:28:08,080 Speaker 14: to medium term. It's more about when you look at 564 00:28:08,119 --> 00:28:13,200 Speaker 14: what's called the OCL the outstanding claims liability for long 565 00:28:13,280 --> 00:28:17,520 Speaker 14: term and what we've seen through some factors like inflation, 566 00:28:17,920 --> 00:28:23,399 Speaker 14: treatment costs, population growth, we've seen significant rise in the 567 00:28:23,560 --> 00:28:27,240 Speaker 14: outstanding claims liability. But on saying that, there's two areas 568 00:28:27,320 --> 00:28:31,800 Speaker 14: ryan One is factors that are inside accs controls stuff 569 00:28:31,840 --> 00:28:36,080 Speaker 14: that's outside, like sometimes inflation and treatment costs. But I 570 00:28:36,080 --> 00:28:39,840 Speaker 14: think they've really got to focus on their rehabilitation rates. 571 00:28:39,880 --> 00:28:43,720 Speaker 14: We've seen them continue to decline and that's a big 572 00:28:43,760 --> 00:28:46,040 Speaker 14: area that I think that they can focus on to 573 00:28:46,120 --> 00:28:47,240 Speaker 14: improve their position. 574 00:28:47,680 --> 00:28:50,520 Speaker 3: You mentioned the population growth. I mean, if the population 575 00:28:50,640 --> 00:28:52,400 Speaker 3: is growing, there should be more people paying into the 576 00:28:52,400 --> 00:28:55,080 Speaker 3: system too, right, So can't we cancel that one out. 577 00:28:56,440 --> 00:29:00,600 Speaker 14: Potentially, But when you look at some times the exponential 578 00:29:00,640 --> 00:29:03,280 Speaker 14: factor in the claims and that's what they've actually seen 579 00:29:03,400 --> 00:29:08,440 Speaker 14: this year. Specifically, they've seen people claiming. They have seen 580 00:29:08,480 --> 00:29:11,680 Speaker 14: more people claiming. But like I say, there is levers 581 00:29:11,720 --> 00:29:16,440 Speaker 14: inside their control injury prevention. Does that rehabilitation rates. 582 00:29:16,320 --> 00:29:19,760 Speaker 3: When more people are is that over and above population growth? 583 00:29:19,800 --> 00:29:22,400 Speaker 3: Are we having more accidents when? 584 00:29:22,480 --> 00:29:22,760 Speaker 2: Why? 585 00:29:23,960 --> 00:29:24,160 Speaker 9: Yeah? 586 00:29:24,240 --> 00:29:27,800 Speaker 14: I think quite crudely, when you look at those statistics, 587 00:29:27,800 --> 00:29:31,440 Speaker 14: you could draw that conclusion. I don't have the details 588 00:29:31,760 --> 00:29:34,479 Speaker 14: on why that is, but like I say, there's an 589 00:29:34,520 --> 00:29:37,680 Speaker 14: ability for acc to focus on the levers that they 590 00:29:37,720 --> 00:29:41,840 Speaker 14: have in their control. Our rehabilitation rates have been declining 591 00:29:42,240 --> 00:29:44,840 Speaker 14: over a number of years. So I've made it very 592 00:29:44,880 --> 00:29:48,680 Speaker 14: clear that is to be the primary focus. But also 593 00:29:48,800 --> 00:29:52,120 Speaker 14: want to touch on another area, which is about a 594 00:29:52,160 --> 00:29:56,160 Speaker 14: third of that significant increase, And what that is is 595 00:29:56,640 --> 00:30:00,120 Speaker 14: court rulings that have changed some of the entitlements and 596 00:30:00,160 --> 00:30:01,480 Speaker 14: what we call boundary issues. 597 00:30:01,800 --> 00:30:05,240 Speaker 2: One of them two generals. Is it too general? 598 00:30:07,080 --> 00:30:10,160 Speaker 14: What the court has ruled in one area has significantly 599 00:30:10,200 --> 00:30:14,000 Speaker 14: increased the OCL by three point six billion dollars alone. 600 00:30:14,240 --> 00:30:16,959 Speaker 14: So those are areas that we need to look at all. 601 00:30:17,040 --> 00:30:20,960 Speaker 3: Right, well, very quickly, we literally have ten seconds left. 602 00:30:21,400 --> 00:30:23,840 Speaker 3: Will this mean levees will have to go up substantially. 603 00:30:23,960 --> 00:30:26,000 Speaker 3: What will it mean for us they're actually paying into it, 604 00:30:26,560 --> 00:30:28,040 Speaker 3: almillst things be cut. 605 00:30:29,560 --> 00:30:33,000 Speaker 14: I won't get ahead of cabinet decisions, but what I 606 00:30:33,040 --> 00:30:36,680 Speaker 14: would say is that levees are only one lever and 607 00:30:36,760 --> 00:30:39,520 Speaker 14: I don't expect levees to be used by default. I 608 00:30:39,600 --> 00:30:43,440 Speaker 14: expect ACC to lift their game around rehabilitation rates because 609 00:30:43,440 --> 00:30:47,080 Speaker 14: they should be ensuring that they are utilizing the income 610 00:30:47,080 --> 00:30:49,040 Speaker 14: they're getting from New Zealanders at the moment. 611 00:30:49,160 --> 00:30:52,720 Speaker 3: Fairly, Matt Doc ACC minister, thanks so much for your time. 612 00:30:52,800 --> 00:30:54,280 Speaker 3: Eight to six News Talk CV. 613 00:30:54,840 --> 00:30:55,760 Speaker 2: News and Views. 614 00:30:55,840 --> 00:30:59,880 Speaker 1: You trust to start your day's early edition with Ryan Bridge, 615 00:31:00,280 --> 00:31:03,240 Speaker 1: Smith City, New Zealand's Furniture Beds and a Flying Store 616 00:31:03,520 --> 00:31:04,440 Speaker 1: US Talk Zidvy. 617 00:31:05,080 --> 00:31:07,480 Speaker 3: ACC is one of those issues where people just go 618 00:31:07,760 --> 00:31:10,680 Speaker 3: nuts and unload. Good morning, Ryan, ACC minister, who is 619 00:31:10,720 --> 00:31:13,600 Speaker 3: just on the show. What a crop of rubbish They 620 00:31:13,640 --> 00:31:16,360 Speaker 3: need to stop using. Inflation is the excuse for everything 621 00:31:16,840 --> 00:31:20,600 Speaker 3: right about ACC. Time to look at the providers as well. 622 00:31:20,680 --> 00:31:25,080 Speaker 3: I've been under care for a hand injury. Unbelievable clipping 623 00:31:25,120 --> 00:31:28,320 Speaker 3: the ticket by doctors with little benefits. So lots of 624 00:31:28,320 --> 00:31:30,720 Speaker 3: people have an opinion on this. The deficit seven point 625 00:31:30,720 --> 00:31:33,640 Speaker 3: two billion dollars. It is five away from six and 626 00:31:33,800 --> 00:31:36,239 Speaker 3: I'm in Willington, but Mike is in Auckland and he 627 00:31:36,360 --> 00:31:37,000 Speaker 3: is with you next. 628 00:31:37,000 --> 00:31:38,200 Speaker 2: Mike, good morning, good morning. 629 00:31:38,240 --> 00:31:39,280 Speaker 6: You any good as an MC? 630 00:31:40,400 --> 00:31:42,440 Speaker 2: No? I wouldn't rate myself for it. 631 00:31:42,520 --> 00:31:44,440 Speaker 6: Do they pay you? Did they pay you any money 632 00:31:44,480 --> 00:31:45,160 Speaker 6: for that last night? 633 00:31:45,280 --> 00:31:45,640 Speaker 2: Or yeah? 634 00:31:45,640 --> 00:31:48,280 Speaker 6: They of course bit of money? And you know you 635 00:31:48,360 --> 00:31:50,360 Speaker 6: think goodness so. 636 00:31:50,480 --> 00:31:53,280 Speaker 2: Well, you've been doing that for what sixteen years now? Mike? 637 00:31:53,480 --> 00:31:55,240 Speaker 2: What the show? Yeah? 638 00:31:55,280 --> 00:31:57,240 Speaker 6: But I'm good at the show. I'm not good as 639 00:31:57,240 --> 00:31:57,760 Speaker 6: an MC. 640 00:31:58,560 --> 00:32:00,560 Speaker 2: Do you not do MC gigs? I don't like it. 641 00:32:00,800 --> 00:32:03,640 Speaker 15: Gigs because I'm like you, I'm no good. I just 642 00:32:03,680 --> 00:32:05,720 Speaker 15: don't go out to the marketplace and charge people for 643 00:32:05,720 --> 00:32:07,160 Speaker 15: it because I've worked out I'm no good at it. 644 00:32:07,160 --> 00:32:08,000 Speaker 6: Stick to what you're good at. 645 00:32:08,040 --> 00:32:10,080 Speaker 15: Ryan, don't come on the program and go oh bluddy, hell, 646 00:32:10,080 --> 00:32:12,280 Speaker 15: I charged twenty thousand dollars last night to be an MC, 647 00:32:12,400 --> 00:32:13,320 Speaker 15: and I'm no good at it. 648 00:32:13,840 --> 00:32:15,960 Speaker 2: At the time that I took the gig, Oh you 649 00:32:16,000 --> 00:32:20,320 Speaker 2: needed to. I was unemployed. Did that? 650 00:32:20,320 --> 00:32:22,040 Speaker 15: That would have been nice to start with last night? 651 00:32:22,120 --> 00:32:24,880 Speaker 15: Say look what you're about to get is not that good. 652 00:32:25,120 --> 00:32:27,640 Speaker 15: I'm not that good. But I was unemployed at the time. 653 00:32:27,680 --> 00:32:29,480 Speaker 15: See that's a good laugh to start the show. People 654 00:32:29,520 --> 00:32:31,960 Speaker 15: would have immediately thought, oh, he's a nice guy. 655 00:32:32,560 --> 00:32:35,640 Speaker 3: Do you know what was interesting? Obviously the mayor was there, 656 00:32:35,720 --> 00:32:37,800 Speaker 3: the Prime Minister was there, and I was, you know, 657 00:32:37,920 --> 00:32:40,320 Speaker 3: sort of looking for any interactive There was no interaction 658 00:32:40,400 --> 00:32:40,880 Speaker 3: between them. 659 00:32:41,000 --> 00:32:42,920 Speaker 2: Well did you rack it up? 660 00:32:42,960 --> 00:32:45,640 Speaker 3: I would have yeah, Well, do you know I planned 661 00:32:45,680 --> 00:32:48,920 Speaker 3: to go in there and really shite stir Yes, and 662 00:32:48,960 --> 00:32:51,680 Speaker 3: then I sort of I felt bad when I was there, 663 00:32:52,280 --> 00:32:53,720 Speaker 3: you know, I really sort. 664 00:32:53,520 --> 00:32:55,680 Speaker 6: Of when you say that, you say, Tory, I'm feeling 665 00:32:55,720 --> 00:32:58,480 Speaker 6: sorry for you. I would have laughed nervously. 666 00:33:00,000 --> 00:33:00,120 Speaker 2: There. 667 00:33:00,120 --> 00:33:01,360 Speaker 15: Do you want to work with the primisse? See, I 668 00:33:01,360 --> 00:33:03,080 Speaker 15: would have racked it up. I would have gone big time. 669 00:33:03,240 --> 00:33:05,320 Speaker 15: That's why I'm charging so much money. I should get 670 00:33:05,320 --> 00:33:08,760 Speaker 15: back into the mc gig. I'm actually quite good. I've 671 00:33:08,760 --> 00:33:09,840 Speaker 15: talked to myself into it. 672 00:33:10,280 --> 00:33:11,840 Speaker 2: Well, what's on your show today? 673 00:33:12,240 --> 00:33:15,160 Speaker 15: We'll talk to the finance minister who the thing about 674 00:33:15,160 --> 00:33:17,080 Speaker 15: the inflation and I think we need to read that. 675 00:33:17,120 --> 00:33:18,520 Speaker 6: You know, we're all a bit excited. We go, oh, 676 00:33:18,600 --> 00:33:21,600 Speaker 6: thank god, it's gone down. I think it's entirely. 677 00:33:21,360 --> 00:33:24,880 Speaker 15: Possible they've overcooked it and they've gone too low. In 678 00:33:24,920 --> 00:33:28,040 Speaker 15: other words, yesterday's number was lower than they thought it would. 679 00:33:28,080 --> 00:33:31,160 Speaker 15: That indicates that things need to be boosted once again. 680 00:33:31,200 --> 00:33:33,040 Speaker 15: So we go back to the whole. Is it fifty 681 00:33:33,120 --> 00:33:35,160 Speaker 15: or is at seventy five? But anyway, Nikola will lissay 682 00:33:35,200 --> 00:33:35,680 Speaker 15: up to seven. 683 00:33:36,000 --> 00:33:39,600 Speaker 3: All right, Mike is within next Thanks for having me Wellington, 684 00:33:40,440 --> 00:33:42,280 Speaker 3: it probably won't have me back as an MC by 685 00:33:42,280 --> 00:33:44,040 Speaker 3: the sounds of that three away from Sex. 686 00:33:45,480 --> 00:33:48,480 Speaker 1: For more from Early Edition with Ryan Bridge, listen live 687 00:33:48,600 --> 00:33:51,640 Speaker 1: to News Talks it'd be from five am weekdays, or 688 00:33:51,640 --> 00:33:53,560 Speaker 1: follow the podcast on iHeartRadio