Full Show Podcast: 08 April 2025

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:02):
Digging through the spin friends to find the real story.
Or it's Ryan Bridge on Heather Duper see Ellen Drive
with One New Zealand, let's get connected and news talks.

Speaker 2 (00:13):
That'd be good.

Speaker 3 (00:14):
Afternoon.

Speaker 4 (00:14):
It is my final week with you, Heather. We'll be
back from Monday and i'll be back to my five
am job, and I look forward to doing that. But
I have very much enjoyed being with you. A couple
more days to go with you still at five o'clock
the sunths the noon. Stephen Joyce on Donald Trump, Karen
Show on those o t changes today, plus police on
leaving mental health patients potentially waiting alone in an emergency department.

(00:38):
David Parker is alt. He's on the program is Andrew
little Inn and we'll head to Australia for the first
Prime ministerial.

Speaker 2 (00:45):
Debate, Ryan Bridge.

Speaker 4 (00:47):
This trade war is turning into National's COVID moment, isn't it.
The horses are spooks, markets are down, recessions being mentioned
more than you would like. So the beehive strategist thought
h time to spawned in a more targeted and more
deliberate way, so they wheeled Nichola Willis out for a
press conference today, Luxon took to Instagram the message free

(01:09):
trade is good. We can weather a storm. Don't worry.
We've got this. That's the gist. Willis said nothing today
that she hadn't already said on this program last night.
The operating allowance won't change, the surplus track hasn't changed.
There'll be cuts to fun new spending, et cetera, et cetera.
But the point was to get out there to talk
to people, be seen to be in control. The problem

(01:33):
for them is it's not them in control. The thing
about this event, which makes it different from COVID a
virus or the GFC the subprime mortgages, is that this
has all been driven by one man. Markets are yo
yoing on the words that fall out of Trump's mouth
so much so they'd be better and more stable if
they opened while he slept. We've had a couple of

(01:55):
things happened since yesterday. Number one, Trump threatened fifty percent
in retaliation to check is thirty four percent, which was
of course a retaliation to his original thirty four percent.
The second thing that's happened just in the last couple
of hours, China has said we will fight to the
end now Beijing is being made an example of here.

(02:15):
If he caves to China, if he looks weak on China,
then Europe will smell that week this and hit back two.
So far they haven't, which is telling no tariffs yet.
There's not much we can do down here at the
bottom of the world other than doing what we're doing.
Keep options open, talk through the back channels in Washington,
keep our trade draws opened, and hope for the best.

(02:37):
Hipkins reckons and he said this today, we should be
calling Trump out, But why paint a bull's eye on
the back of your shirt. The best you can probably
do is what Willis and Luxen are doing. And the
counterfactual is the argument, can you name me a country
that's doing something drastically different and getting a better deal.
The answer is no. It's just gone night in Washington

(03:01):
right now, which means Trump's probably sleeping, and like it
or not, the world is now on his schedule. When
he sleeps, we rest, when he wakes, we're stressed. Brian
Bread ten after four news talks, there'd be nine two
ninety two the number to text. We'll have a couple
of economists on the show after six as well. Just
to talk through some of the implications for us here

(03:22):
in New Zealand. Right now, we've got a problem with
court ordered reparation payments. This is the problem is that
people aren't paying them. They're like fines, but they are
paid to victims rather than the state. Half the amount
owed is now over due. The Justice Minister, Paul Goldsmith
is open to suggestions on how to change that.

Speaker 5 (03:39):
I'll be interested in your listeners if they could come
up with I think we've got to come up.

Speaker 6 (03:42):
With something that's irritating and difficult and annoying, which forces
people to actually get on with it and pay the fine.

Speaker 4 (03:49):
Ruth Money is the government's chief Victims of advisor, with
me this afternoon. High Ruth, Hi, Ryan, how are you.

Speaker 3 (03:55):
I'm good?

Speaker 4 (03:56):
Thank you so. Your idea here is an interesting one
and I quite like it. Although how much it costs,
I guess we'll get to But what is the gist
of your idea. It's getting the government to pay up front.

Speaker 7 (04:07):
Yeah, we shouldn't be tying victim's outcomes to their offender
and whether the offender has got resources to pay it
or not. The victim was victimized, the victim was harmed,
therefore the reparation has been ordered and therefore the state
should pay. So the proposal would be the state pays
the victim and then the state chases the offender for

(04:30):
that payment, as opposed to the victim waiting for a
non payment or maybe seeing Ministry of Justice two dollars
every two weeks for example, which just retraumatizes and drags
out the memory for the victim who's trying to move on.

Speaker 4 (04:45):
What's the average amount owed growth?

Speaker 7 (04:49):
Well, I don't have the data in front of me. However,
when I got the OIA the ENZME had done, it
looks like the average per person is a b up
four thousand dollars on the year figures. But again that
is really depending on For example, there's some really high
averages dragging that up in for example the Auckland High Court,

(05:11):
where I think a lot of those reparation orders are
perhaps business based things as opposed to criminal activity. I
would be really interested to know. At the end of
the day, you know, either way, it's a material, you
owe the money, you should be paying it.

Speaker 4 (05:29):
So the problem is they're not paying it and the
victims are going without. Your suggestion is the government pays
up front, victims settled, and then government chases are perpetrated
chases whoever owes the money, so that's obviously going to
be expensive. Would you support would you care whether it's
taking out of their benefit or taken out of their wages.

(05:50):
I mean, you wouldn't mind how the money is collected.

Speaker 7 (05:54):
I don't mind how the money is collected because I
think the counter effectual to it not being collected that
the victims are going without. So at the moment, victims
don't get as you and I have talked about for years,
they don't get many entitlements. You know, for often victims
are paying for therapy open or above what the state

(06:14):
allows for. There is a loss of income that comes
with being a victim, so entitlements when you are victimized,
the state doesn't and this is always a shock to victims.
The state doesn't help you with your lost income et cetera,
et cetera, to the level of what you genuinely lose.
So the reparation there, you know, is ordered to assist

(06:36):
with that. So it needs to be paid because it's
either the offender who's missing out or the victim.

Speaker 4 (06:42):
Do you know what people will say? Not not people
but those the advocates for the other side of the coin,
those are the offenders. I say, well, you will further
impoverish them. You know, if you start docking people's wages,
then this happens, et cetera. I mean, I mean, this
will be the argument from the other side.

Speaker 7 (06:58):
Yeah, and I don't agree with some of that. However,
there needs to be accountability for your actions. You can't
just go around harming people and you know you're not
being held to account and you're not being given a punishment.
Otherwise you're just going to continue in this cycle. What
I would also say, though, is that in my experience,
and I am going to ask the Ministry of Justice

(07:20):
chase this up there, I don't see a lot of
due diligence going into collection of reparation. So in my
experience I have sat and helped victims where reparation has
been ordered. We know that the person might have a
house or a new car, for example, and yet the
piece of paper that's gone into the ministry to say,
oh no, I can't pay that reparation is false. So

(07:44):
what is the due diligence going on to verify someone's
ability to pay or not? So let's not jump, you know, right,
you know, throwing the baby out of the bath order
at this point in time, let's look at our processes.
Is there something that we can do to upweight resource
around collection?

Speaker 4 (08:02):
Get it from the first place. Ruth, appreciate your time.
Ruth Money, Government's Chief Victims Advisor. It's just gone quarter
past four News Talks. Heb lots of your texts coming
and I'll get to those in just a second, and
we will get to Darcy Waldgrave as well. He said,
talk Gary Stead stepping down, well sort of partially. That's next.

Speaker 1 (08:19):
It's the Heather Do Buzzy Allen Drive Full Show podcast
on iHeartRadio, powered by News Talks EBB.

Speaker 4 (08:27):
News Talks eb It is a four eighteen, lots of
text coming and Ryan reparations is not ordered to be
paid by the state. The state does not have a
endless pit of money available. This is in relation to
Ruth Money's interview we had just on the show a
few minutes ago. Murray Olds is on the show after
News out of Australia. Right now, Darcy Waldgrave is here.
Darcy good afternoon, greetings young man. Now Gary Stead, he's

(08:51):
so he's leaving, but he wants to kind of come
back a little bit hard.

Speaker 8 (08:55):
Sason deserted the role as the Red Bull coach, the
Test cricket coach. He's not whether he wants to relinquist
that role or not, but he has said, no more
white ball cricket, no more T twenty eyes, no more
One day internationals.

Speaker 9 (09:07):
I'm shot.

Speaker 10 (09:08):
He's been in at what seven.

Speaker 8 (09:09):
Or eight years. The amount of travel that these guys
have to do. And I don't know about you, but
I thought traveling was really glamorous when I first started
this same job. It's like I'm going to go here
and there and after about all half an hour's like,
this is horrible.

Speaker 4 (09:22):
Is it a job you can split up?

Speaker 1 (09:24):
Yeah?

Speaker 8 (09:24):
I think it is because it's been done globally. Whether
they want to do it or not's another question. Now
Brian's strying from New Zealand cricket.

Speaker 10 (09:31):
He said, we don't know yet.

Speaker 8 (09:33):
We know that Gary doesn't want the job as the
red Bull coach. Might want the job as the Red
Bull coach, but not as the White bull coach. So
we're going to find the new white ball coach. I
like the word cartel because it brings up a lot
of the really sinister concepts. But how about a guy
like Gary Stead who's the director of cricket and he

(09:54):
sits above a whole lot of other men.

Speaker 4 (09:55):
You're standing very bureaucrash.

Speaker 8 (09:57):
And all these minions can run around and coach all
the ends it are really Yeah, I mean I've got
to coach for everything.

Speaker 4 (10:04):
A coach for your fingernail.

Speaker 8 (10:05):
Might be an idea. He might be overseeing. We don't know,
but it's up for grabs. They're going to look at people.

Speaker 4 (10:10):
He said this. Gary has come out and said this
is what I would want.

Speaker 8 (10:14):
No, I just said that, right, So how is my idea?

Speaker 4 (10:17):
How have we got here?

Speaker 3 (10:18):
Then?

Speaker 8 (10:18):
How we got weir?

Speaker 3 (10:19):
Well?

Speaker 8 (10:19):
Gary's tired of he's been doing it for seven or
eight years.

Speaker 4 (10:22):
But he's the one that's come out and said I
would like to do just this.

Speaker 8 (10:24):
But yeah, I don't want to be a white ball
coach anymore. I haven't decided on the red bull but yet.
I'll just need a bit of a breather cap tine
to lie down and I'll see when I come open.
And for a guy that won the World Test Championship
and they managed to be India three times on the
bounce in India's backyard. He can take as long as
he wants.

Speaker 4 (10:43):
You don't want to throw There's nothing happening for.

Speaker 10 (10:45):
The next ten years, no cricket.

Speaker 4 (10:47):
Cody Taylor speaking of doing nothing sabbaticals, Cody Taylor wants
all black staf more.

Speaker 2 (10:52):
Well.

Speaker 8 (10:53):
He's come back from a sabbatic on himself.

Speaker 10 (10:54):
He said, oh my god, I feel so much better.

Speaker 8 (10:57):
I don't know if he threw God on there, but anyway,
he said, I feel so much better. And maybe all
players need a bit of a rest like this. The
problem with sabbaticals is that I thought a sabbatical was
take some time off from getting rucked and tackled and
your head caved in. But now it just means I'm
going to go to Japan and make money. Yeah, so
I'm not really sure if you're resting from anything at

(11:17):
all if you do that, unless you're an active relaxer,
in which case it might be right up your rally.
But I understand what he's saying that you want to
keep players here long enough, keep them from getting smashed
to smithereens for ten consecutive years, let them go for
a wanda for six months.

Speaker 4 (11:34):
What's on the show tonight, Darcy who.

Speaker 8 (11:35):
Lauren Lee's going to join us?

Speaker 11 (11:36):
Are what?

Speaker 8 (11:37):
He is the former coach of the black Caps, so
he's got a few ideas around what happens next when
he's going to cricket go what their drivers behind this?
So we'll talk to him about that and then we'll
take your calls on the possibility of a two to
three headed monster coaching the black Caps. Hey, look at
could happened. Stranger things have, But that's how sports news today.

Speaker 4 (11:57):
Look for to Darcy see at seven. It is twenty
one after four News Talks VB moving.

Speaker 2 (12:02):
The big stories of the d forward.

Speaker 1 (12:05):
It's Ryan Bridge, John, Heather Duper c Allen Drive with
one New Zealand Let's get connected.

Speaker 2 (12:11):
News Talks EDB.

Speaker 4 (12:13):
Four twenty four. John has text to say. This is
on the tariff stuff.

Speaker 3 (12:17):
Ryan, I'm with you.

Speaker 4 (12:18):
Nothing we say down here in New Zealand is going
to make an iota of difference to our position with
the United States. In fact, taking a negative approach I
bashing Trump as some would have us do, would actually
make the whole situation worse, could potentially hurt our exporters.
I work for an export company. The best advice Is
say nothing, keep developing new markets to lessen that dependency

(12:38):
on the US chairs John John, thanks for your message.
I think it's a sensible one. Four twenty four Now
Nikola will Ryan Bridge Nikola Willis has announced and this
is no great surprise because Christian Hawksby, who was the
two ic to Adrian Orr, is now going to be
the Reserve Bank governor for six months. Remember when she
announced that all was going, she said we will get

(12:59):
some in for six months. Christian Hawksby will be here
for a short term, then we will get someone for
six months and then we will get a long term.
Well she's announced that Christian Hawksby, who was the short
short term, is now the medium term option. So he's
getting the next six months and he crucially in this
press really she mentions what I think was and you
have to take your pack because no one's saying precisely,

(13:21):
but what I think was the big sticking point between
her and Adrian Or and that was the funding the
five They get a five year funding envelope at the budget.
So the minister was trying to say here's your money, Adrian,
and that's all you're getting for five years, and he
would say bout me darning bass and that and this
bit extra and she said no, and then he promptly resigned.

(13:42):
So he has says during his term, the board will
support mister Hawksby to implement the bank's new five year
funding agreement, which will apply from the first of July
twenty twenty five. So Hawksby is the guy that says
yes to what Adrian or said no. And once that's
out of the way, you bring someone new in the
fundings all set up, that's been put to bed and

(14:03):
they can move on. There you go. We will talk
more about the ocarch. Obviously, we've got an announcement tomorrow
expecting a quarter of a percent. We'll talk about that
after six o'clock here on news talks here'd be Now,
have you listened to this sound? I know it does

(14:26):
sound like a puppy, but it's not a puppy. Well,
it is of sorts. It's a species of wolf that
died out twelve and a half thousand years ago and
has been successfully de extincted. It's the world's first successfully
de extincted animal, which is a thing. This is colossal.

(14:47):
Scientists created three dire wolf pups using ancient DNA cloning
and gene editing technology to alter the genes of a
gray wolf, the prehistoric dire wolf's closest living relative. The
result is essentially a hybrid species similar in appearance to
its extinct forerunner. It was a top predator roaming North

(15:08):
America and inspiration for the Game of Thrones. Next animals
to be done the mammoth, the Dodo, the Tasmanian tiger,
and competent.

Speaker 12 (15:19):
Politicians recamping the day's big news and making tomorrow's headlines.

Speaker 1 (15:31):
It's Ryan Bridge on Hither duper c Allen Drive with
one New Zealand let's get connected news talks.

Speaker 3 (15:38):
That'd be.

Speaker 4 (15:47):
Twenty five away from the Padia on Newstalk say'd be
great to have your company this after the numbers text
does and now odds on to lose the Australian election
and he got close, did any But he's performed quite
and there's still time I've gotten till the start of May.
But he's performed pretty badly since they announced the dates
just a couple of weeks ago. So we will talk
to Murriols out of Australia in just a second. At

(16:08):
nine thirty tonight, they're going to have their first debate.
This is Dutton and Elbow and I like the sound
of this. It's on Sky News, so if you if
you are a subscriber to Sky or you get Sky,
you can go on their website as well you can
watch this. And it's a town hall situation where the
swing voters ask the questions of the candidates. I like

(16:29):
the idea. I hope we do something like that here
next year. Anyway, Albos not Elbow. Murrayolds it's for us
in just a second.

Speaker 2 (16:37):
It's the world wires on news dogs. He'd be drive.

Speaker 4 (16:41):
Trump promising to whack China with another fifty percent tariff
if they don't drop their retaliation. Not a happy camper
wants all one way tariff traffic.

Speaker 13 (16:50):
With Jana, as you know, against my statement.

Speaker 2 (16:54):
They put a thirty four percent tariff on above what
they're ridiculous.

Speaker 4 (16:59):
Tariff already back to Ozzie for just a seek, and
both me and been out campaigning today. Here's Elbow.

Speaker 14 (17:06):
We have as a government continued to see the economy grow.
We've continued to see now over the last five quarters
wages grow five quarters in a row.

Speaker 4 (17:22):
Geez, get it out. Finally, Former UK Prime Minister Boris
Johnson has been attacked by an Ostrich. He was driving
his family around a wildlife park in Texas. This is
a true story. The car window was opened, so an
Ostrich decided to pop its head in and bite Boris
Johnson's hand. Bojo then told the Ostrich to go away,

(17:42):
using language that we can't repeat without breaching the broadcasting standards.
It was something like, get the Ostrich out of my way,
you stupid Ostrich.

Speaker 2 (17:50):
Ostrich International Correspondence with ends and Eye Insurance, Peace of
mind for New Zealand business.

Speaker 4 (17:59):
Murray is with us now. Australian Murray, Good afternoon.

Speaker 3 (18:02):
Hello Ryan, good afternoon.

Speaker 4 (18:03):
How's the AA six doing after the big drop yesterday?

Speaker 3 (18:07):
Yes, I got my screen open here. I knew you're
going to ask me, and this is less than an
hour ago. So what's looking at about forty five minutes ago.
The AX up one point eight percent on the day.
The Australian dollar up point seven of one percent today
to sixty point two to three US sins. Lost one
hundred and ten billion dollars yesterday, so look a little

(18:30):
bit of recovery today. That dollar tanking yesterday, by the way,
the first time since the pandemic, the biggest intra day
fall since the two thousand and eight global financial crisis.
So look, there was a lot of red ink around yesterday,
but today a little bit of a pickup. But look
we still are in the deep in the red since

(18:51):
the start of the year so far. In April, the
ASX two hundred, the top two hundred stocks in the
Australian share market, played down by six percent and it's
only the eighth day of the month today, And we've
also had since January. The start of January the benchmark's
down aty ten percent, so it hasn't been a happy
year for investors up to this point. We've got business

(19:13):
confidence figures already negative last month, even worse now after
Donald Trump's tariffs, and the Westpac Bank has just released
latest consumer confidence data for April. The big takeaways we're
told confidence down six percent amongst consumers because of the
Trump tariff war, the slide of the sheer market even
lower amongst people survey after the tariffs were announced, and

(19:35):
consumers definitely filling a pinch family finances front and center.
So if both political leaders over here aren't banging the
drum about the economy was it Bill Clinton who's had
that sign on his desk. It's the economists, stupid. Both
of these halfwords over here should have the same bloody
sign on their desks because no one cares about the

(19:56):
never never you atomic energy plan of Dutton or the
fact that Albanesi done something to save us Seal and Tasmania.
It's about putting petrol in the car and groceries on
the table.

Speaker 4 (20:08):
Now this debate tonight, they're going to go head to head.
It's in Western a group of people called the People's Forum.
Have I got this right? From Sky News? Will be
held in Western Sydney and both leaders will answer questions
from a group of undecided voters. Is there like a
moderator or is it just all on for young and
old from the crowd.

Speaker 3 (20:27):
This is going to have to be moderated to keep
them in some sort of order. It's allegedly undecided voters. Mate,
it's Sky News. You know it's going to be stacked
with a bunch of Dutton lovers, Anti Elbow. You know
it's going to be stacked with rivets. The Murdoch fingerprints
are all over it. It's jointly run by the Daily
Telegraph as well the Daily you know Trumpeter in fact

(20:49):
here and Sidney that's the Murdock faker here. But listen
to Albanezi. You know he is, He's a Sydney boy,
comes from this. You know, the inner western suburbs of
Sydney be frightened to get out Western Sydney. In the
Sydney suburbs. You've got the fact that Albertezey also took
on Scott Morrison in the last debate in twenty twenty two,

(21:11):
and he cleaned him up that night, not saying it's
going to happen to night. Peter Dutton has improved out
of sight the last forty eight hours he was drifting.
I went back and had to look Ryan.

Speaker 9 (21:21):
Look.

Speaker 3 (21:21):
Peter Dutton entered Parliament in two thousand and one. He
was a minister under John Howard, Tony Abbott, Malcolm Turmbull
and Scott Morrison. But he's looked like a complete bloody
novice since the campaign started, and it's day eleven to
day he's looked like a rabbit in the headlights. He's
finally turning up at petrol stations putting gas in the cars,
saying look, I'm going to catch you. You know your

(21:42):
petrol bill even turned up in the Adelaide service station
yesterday with a great big petrol tanker a slogan on
the side saved twenty five cents A leader vote Liberal.
Why wasn't doing that in day one? I don't know.

Speaker 4 (21:54):
No campaigns do weird things to people though, I mean
doesn't matter you know how long you've been around in politics.
The people just turn into weirdos on a campaign when
the pressures on them, don't they Well.

Speaker 3 (22:05):
Look, I do agree with that. I mean interesting thesis
that I read yes yesterday morning. I get lost in
these campaigns. The theory being that Peter Dutton has always
had someone else to as a minister. He's made mistakes,
you know, Defense and blah blah bla blah blah blah blah.
But we all make mistakes, but there's always been someone

(22:26):
to clean up after him, a prime minister like John
Howard for example. Howard was the last great Australian leader.
In my view, I think Howard was a wonderful politician,
a great unifier. Look at what happened to port Arthur,
all those people slaughtered down there in Tasmania. Howard stood up,
took on the gun lobby and he persuaded them to
give up their guns. Now, for me, one of the

(22:47):
single most important acts of political courage that I've ever seen.
And John Howard had that ticket. I'm not sure. I'm
not sure Peter Dutton's got that. Scott Morrison certainly didn't.

Speaker 4 (22:57):
Yeah, I'm not sure. We've got many around the world,
just in Australia, Murray, appreciate your time. Murray Old's are
Australia correspondent and we're looking forward to the debate tonight.
Eighteen minutes away from five. Barry Soaper is here with
political news from this side of the Tasman Next.

Speaker 1 (23:11):
Politics was centric credit, check your customers and get payments certainty.

Speaker 4 (23:15):
Quarter to five news talks here'll be will have Stephen
Joyce on Trump's taris after five o'clock right now, Barry
Soaper is here. Hey, bess what's Stephen good Joy's going
to say about Trump? Well, Stephen Joyce will have a
lot to say about Donald Trump.

Speaker 10 (23:26):
It's unbelievable, isn't it. I Mean I've listened and read
and everyone is on the same side except Donald Trump.
Would see but yeah, you know the Chinese today, you
know the threat that tariffs that well fifty percent more
on China. I mean, it just goes on and on
and on. It seems this man doesn't quite have a

(23:49):
grip on reality.

Speaker 4 (23:50):
Well no, I mean there's there's economic insanity going on.
But also did you read Cameron Baggery's piece this morning.
I thought it was really interesting. He talks about the
whole of out that free trade has been great for
countries like US. The countries like America, it's hollowed out
their manufacturing base. It's hollowed out the rust belt. And
so you've got a whole bunch of people in wealthy

(24:12):
free trading nations who are feeling quite disenfranchised. And the
answer to them is something quite extreme. It's what Trump's doing.
But yes, but it doesn't mean it to work.

Speaker 10 (24:21):
That is true, But then it's going to take a
generation before you can restore once you once had. To
unfast what you once had, because you know, if you
look at all the manufacturing plants like Nike and Lulu
Lemon that were in China went to Vietnam. Now Vietnam
is being imposed with a great tariff, and Trump believes

(24:44):
that they'll suddenly now upsticks move back to the United States. Well,
it doesn't quite work like that. And as somebody said,
cell phones will soon cost three thousand bucks a pop
because most of their componentory is made outside America.

Speaker 4 (25:00):
Actually, when that happens, I'll be quite I'll be quite
happy because we could do without the damn things.

Speaker 3 (25:04):
Yeah.

Speaker 10 (25:05):
But the battle with China, I mean I find that incredible.
And I see that Trump will I heard him say
today that China is a close country. I mean he's
got to be having a laugh. I mean, look at
New Zealand, for example. We export twenty billion dollars worth
of product to China now, which a year, which is

(25:25):
pretty extraordinary. But in the house today Nikola Willis was
being quizzed by her opposite number, Barbara Adam Edmunds from Labor,
who seem not to realize the gravity of the Trump
terror battering ram on this country.

Speaker 15 (25:42):
Is the government going to use US tariffs and worsening
global economic conditions as an excuse to hire their economic mismanagement.

Speaker 16 (25:52):
No, mister speaker, we don't do excuses. We take responsibility
for the actions we can control.

Speaker 3 (25:58):
The Honorable David Seaman, with the.

Speaker 17 (26:01):
Minister of Finance, characterize the significant and dramatic and sudden
changes in US tariffs as a quote unquote excuse or
the biggest thing to hit the world economy in a
long time, that is creating turmoil in every market.

Speaker 18 (26:16):
In the world.

Speaker 16 (26:18):
Mister speaker, Minister Seymour makes a very good point.

Speaker 4 (26:22):
You well, how could you disagree with that?

Speaker 10 (26:24):
And honestly that would you use what's happening in the
world as an excuse?

Speaker 4 (26:29):
I mean, well, it might say more about her than
it does about Nichola. It could do to now the
beat cops and their effect Hamatha Paul silent on this.

Speaker 10 (26:38):
Well, yes, indeed it was interesting in the house today,
not only Tamatha Pool but the Greens were silent on this.
And of course the billboards that we saw and we
talked about yesterday attacking Green Party MP's Chloe Swarbrick and
tam of the Pool both Auckland and Wonnington Centrals and

(27:02):
the group is of course the Sensible Sentencing Trust and
they look like legitimate billboards. A second set of billboards
they said, whop warp defund DA Police. Now as I
understand that that's a reference to KRS one's track sound
of dar Police. Now I don't know that, but somebody
told me that and it was played by Paul during

(27:25):
her and I think we heard.

Speaker 4 (27:27):
It, but we listened to it.

Speaker 10 (27:28):
Yeah, the Cuba Dupa last month, But that was the
theme that was picked up by the Police Minister Mark Mitchell,
who was defending the police's beat patrols in Paul's own
electric of Wellington Central last year.

Speaker 19 (27:43):
Alongside a fifty four percent increase in foot patrols, aggravated
Robbie's in the Wellington district dropped by thirty three point
six percent, being visible as a critical part of successful.

Speaker 2 (27:53):
Policeman very honorball Chris Bishop.

Speaker 20 (27:56):
Yes, the Minister received any positive feedback about the Wellington
beat teams from a Member of Parliament for Wellington Central.

Speaker 4 (28:02):
Unfortunately, No, the honorble poor Goldsman.

Speaker 6 (28:05):
Is it the government's policy to defund the police?

Speaker 19 (28:08):
No, it's not this giment's policy to defund the police.

Speaker 10 (28:14):
Paul Goldsman is actually not a hip hop man. Is
he really described?

Speaker 4 (28:19):
You don't have to say that twice, but it's the
way he says things. I don't know. He's got a
weird voice. Hey, I'm staying in Wellington. This is a
great story from today. If true if true, Andrew Little
apparently going to stand for Maya well.

Speaker 10 (28:34):
Yes, and I suspect that's exactly what we'll hear within
the next few days. The Labor Party they've been canvassing
around for a candidate and they've really struggled to find one.
I mean, it'll be interesting to see if Andrew Little.
And he's very much a labor man, of course, he
was the former leader of the Labor Party before he
stepped aside God for Justin durn just out from the

(28:58):
two thousand and seventy election. Perhaps he will be held
accountable for that and Wontington Central, but he I think
he will stand. He's a good man, Andrew Little.

Speaker 4 (29:08):
Yes, he's you know, he's got a.

Speaker 10 (29:10):
Good broad view of not just politics but of life
in general. I personally get on very well and I
like him a lot, and I hope that he does
stand in Wellington. But because for goodness sake do they
need it? And the comment from Tory Funnel was that

(29:31):
Wellington needed continuity right now. There's anything they don't need
is continuity. They need to get rid of that lot
that currently occupy Council cheers right now.

Speaker 4 (29:45):
When they kept Adrian or On for continuity. What that's
the opposite of what we need.

Speaker 10 (29:52):
He just shows goes to show how out of touch
Tory fun ow is. She expected she'd be there for
three terms. Well, I hate to tell this, but I
don't think she'll be there beyond the October elections.

Speaker 4 (30:04):
Ryan. This textas says, if there is anyone worse than
Tory to be the mayor of Wellington, as Andrew Little,
he wouldn't put criminals in prison, did nothing on health,
was soft on everything when it was the minister God
helped Wellington. There you go, Andrew. I disagree with that,
but yeah, anything's better than Tory. Thanks Barrick cheers. Eight
to five Newstalk sab putting.

Speaker 1 (30:23):
The tough questions to the newspeakers, the mic asking.

Speaker 21 (30:26):
Breakfast defense boost twelve billion over four years it will
be at least two percent of GDP eventually nine billion
of its brand new money to the Defense Minister Judith Collins,
it felt a bit grown up that we might be
back in the world and playing our roles.

Speaker 22 (30:39):
Well, yes, it's a good way of putting it. A
growing up understanding the will is not the way we'd
like it to be.

Speaker 23 (30:44):
We have to deal with what we've got and what
we expect it might look like in a FERNIORUS times.

Speaker 2 (30:48):
The forces had to be stoked.

Speaker 22 (30:50):
I'm told that they are potentually stoked.

Speaker 18 (30:52):
They've had thirty five years, except for that small period
when Ron mart was the minister and he actually got
them some really good kitch.

Speaker 22 (30:58):
But they've had thirty five year is a being gushed frankly.

Speaker 21 (31:01):
Back tomorrow at six am, the Mike Hosking Breakfast with
the Rain drove the laugh News Talk ZB.

Speaker 4 (31:07):
It is five minutes away from five minutes talks. There'd
be We'll have Stephen Joyce on the show on Trump's
tariffs that's coming up after five o'clock. Also Karen Shaw
from Who's the Children's Minister? This business of a target,
So at the moment ordering a tamadiki has a target
to place fifty eight percent, and god knows how they
came up with fifty eight percent quite a specific number,

(31:29):
fifty eight percent of the kids in their care with
the wider faro. Now they are getting rid of that target,
so there'll be no pressure to put kids back into
the hands of their wider faro. And the reason that
Karen chauces they're doing this is because of safety. They're
worried that if there's pressure to put the kids back
into the farno and there are safety concerns, they might

(31:51):
be overlooked. So anyway, she'll run us through that after
five o'clock. Now, business confidence, so quarter one it's actually up,
which is a good news story. This is the NZI
quarter one business survey. A net twenty three percent of
firms expect general economic conditions to improve over the coming months.
That's good, and it's up from nine percent in the

(32:13):
quarter before it. However, a net twenty one percent of
firms reported a decline in activity in their own business
in the March quarter, so that's not great. In other words,
we are feeling slightly better about the future than we
were last time, but we're not actually earning more money yet.
And this all done, I'm assuming we've got this today

(32:34):
before Trump launched the old loaded cock the gun and
launched the trade missiles. So how is that going to
make you feel about the future? We find out I
suppose just gone three minutes away from five news tooks EDB.
We'll get too. Stephen Joyce next.

Speaker 13 (33:02):
Dark Dust.

Speaker 1 (33:13):
Questions Answers, Facts Analysis, the drive show you trust for
the full picture. Brian Bridge on Heather Duplicy Ellen Drive
with one New Zealand Let's get connected.

Speaker 2 (33:25):
News talksb good.

Speaker 4 (33:26):
Eve Turesday, the apri of April at seven after five
News talks AB We've had the Prime Minister on Instagram
today Nichola willis doing a press conference this about Trump
and his tariffs, the message they will hurt us largely
and directly. Couple of things they pointed out our trading
partner's growth will be lower and global inflation will be
higher than was forecast in December.

Speaker 16 (33:48):
All of these factors create risk for the New Zealand economy.
And this happens just as we have been gathering positive
momentum and recovering from a period of high inflation and
high interest rates. Confidence has been setting higher, job growth
has been occurring, and dwelling consents have been gradually picking
out put Simply, the past week's global developments make our

(34:11):
recovery harder. These factors will also impact the government books,
with potential impacts for revenue, debt, inflation and interest rates.

Speaker 4 (34:23):
Stephen Joyce is the form of Finance Minister with me tonight,
Good Evening.

Speaker 24 (34:27):
Ending Ryan, how are you.

Speaker 4 (34:28):
I'm good. You can almost hear the disappointment in Nichola
Willis's voice, there, can't you.

Speaker 24 (34:34):
Absolutely And lookas has sadly been coming for a few weeks,
because it became I think apparent as soon as Trump
came into office that whatever he did, it was going
to be disrupting New Zealand's economic recovery, not by obviously intention,
but by what has actually come to pass, which is

(34:55):
uncertainty around tariffs, then high tariffs. Then you get a
second order economic effects, which are largely increased inflation and
reduce global growth.

Speaker 4 (35:07):
How bad does it get? I mean, and does the
minister actually know yet? Does anyone actually know yet?

Speaker 24 (35:13):
No? Nobody knows yet. I mean, obviously the boffins that
the Treasury will have to draw pictures on a graph,
so they have to try and do their best guess.
But this is uncharted territory, everybody. I don't think Donald
Trump knows, to be blunt, I don't think he knows
quite where it lands. And he's making it up every
day as he goes along. And I think that's one
of the problems is that there are two issues here.

(35:35):
There is the fact of the tariffs, which is detrimental
in their own right, but there's also the daily uncertainty
which is going to slow down investment around the world.
And you think about it. If you're running a factory
anywhere in the world right now, particularly in the US, China,
anywhere in Asia, and you had been planning to build

(35:57):
a new factory, maybe to double out or something where
then you're saddenly going to sit on their hands now
for the next next few weeks to try and work
out what the hell to do next.

Speaker 4 (36:08):
We're all kind of crippled by it, not just Nichola
Willis and the government, but as you say, businesses, but
even then the Reserve Bank. I mean, how do you
how do you make decisions in an environment where you
don't you literally don't know whether inflation is going to
go through the roof, growth is going to go through
the floor, or both of those things are going to
happen simultaneously.

Speaker 24 (36:25):
Well, were the dueling the dueling reality is right, So
inflation is likely to at least initially increase, but then
of course if the world economy slows down, that's likely
to reduce inflation. So you're right, people don't know the
answer that affect them. From the Reserve Bank's point of view,
they'll be cautious. I suspect it'll be interesting to see

(36:47):
the weather this week if they still go here with
the cut that obviously planned. They probably will, but I
don't think it's guaranteed. And because they'll be sitting there
thinking it through, I think probably most central banks around
the world at the moment will continue cautiously on the
path that they've been on. But then they're going to wait.
But I think probably the biggest thing to watch for,

(37:07):
and I hope this isn't wishful thinking on my part,
but at some point the wider US is going to
wake up and actually curtails to some degree what's going on.
And it's been really interesting to see over the weekend
huge numbers of the Republican parties, big donors and backers
come out and say they're not signed up for this.

(37:30):
And I think at some point, if this volatility continues,
which is likely to, it may not continue to drop
the markets, say for example, the next Star too. There's
got to be some breather at some point. But if
this continues, then I would expect at some point the
US Senate will start to assert itself only because it
has to at some stage process and what I mean

(37:51):
by that is actually starting to put some pressure on
to the administration to curtail some of their wildest excesses.

Speaker 4 (37:58):
Steven Joyce appreciate your alisis Stephen Joyesley, former Finance Minister
on the show eleven after five recording on Somebody Key
is getting rid of its target to put fifty eight
percent of the kids in its care with the Widafano.
Now it did this, it's said because it needed to
get children back to their families. It's also ditching a
target for investment with MALDI organizations. The Minister for Children

(38:20):
is Karen Chare. She says it's part of a strategy
quote to put safety first. She's with me now, minister.

Speaker 25 (38:26):
Good evening, good evening, How are you very well?

Speaker 4 (38:29):
Thank you, thanks for being with me. So what's the
problem with the target?

Speaker 25 (38:34):
So wading on TOMIDEKEI has a lot of targets when
it comes to how we make decisions and care for
our children that come to our attention. When I first
became minister, I was concerned by the amount of internal
targets that we had that aren't directly related to the
core purpose of the organization, which is care and protection,

(38:56):
and we weren't doing that well to be honest, and
so I want the folks us to go back to
the safety and the well being of our young people.

Speaker 22 (39:04):
And make sure that our targets are actually.

Speaker 25 (39:07):
Aimed at that. So the target around requiring OT to
place fifty eight percent of children in care with wider
family infano sounds good, But what happens if there are
no wide afano to care for those children, and if
we have a target of caregivers more Maori caregivers, We've
actually got another problem. Now we don't have enough plates

(39:29):
for these young people to go. My concern is they're
going to become institutionalized because we don't have placements because
of this target consequence.

Speaker 4 (39:39):
So because ordering a tumodiki required that they have more
Maori caregivers, they've got less caregivers overall because there weren't
enough Maori ones.

Speaker 25 (39:49):
Well, they weren't enough caregivers all up this this this
requirement were not a lot. They put their hands.

Speaker 4 (39:57):
Up, but were they not looking for caregivers White.

Speaker 25 (40:00):
Givers that number declient and many keygivers that were not
already such that they weren't wanted or needed over the
last few years that the feedback I was getting they
told you, and I want yep, and I want good caregivers,
people who are willing to open up their homes and

(40:20):
love these kids and care for these kids in a
safe way, to feel comfortable putting their hands up knowing
that they can do a good job for these young people.

Speaker 4 (40:30):
Karen saw, appreciate your time, Minister for Children. It's fourteen
after five, Plan Ridge. So the Green Fund is gone.
We learned that in the last couple of minutes. This
is the investment fund that the previous government set up
and invested in all sorts of things like solar panels
and four hundred million dollars here and a couple of
million dollars there. That fund is going to be going.
And this is the kind of stuff Nichola Willis was

(40:51):
talking about on this show a couple of weeks ago.
Stuff that will be programs that will be cut to
pay for new stuff like what we talked about yesterday. Defense,
I just had to bring your attention to this really quickly.
This is from the NZI Teacher Union. Today. They came
out with a press release and in all seriousness with
a straight face, said that they wanted two point five

(41:11):
billion dollars to boost support the children, including one billion
dollars to put a teacher aid in every single classroom
in the country. That's eleven thousand teacher aids. I mean,
I know we've got problems with children's children who can't
focus and who are annoying to other people in the class.

(41:32):
But a teacher aid for every teacher in every classroom
in New Zealand and a billion dollars tell them they're dreaming.
News Talk ZB It is five eighteen, so from Monday.
This is a to update you on stuff the police
are doing. From Monday, Police an Auckland, Wycuto and Tasman
will only stay with people that have been detained under

(41:53):
the Mental Health Act for a maximum of an hour
sixteen minutes once they're in an ed in a hospital.
If a person in custody is placed under the Mental
Health Act, they have to be transported to a health
facility within thirty minutes. The Assistant Commissioner for Police is
Mike Johnson. He's gotten me on the show tonight, Mike,
good to have you here. So how will the handover

(42:13):
work when someone's been sectioned. You're with them an ned.
How does it work?

Speaker 18 (42:18):
How does it work? Well, we take a person exhibiting
mental health signs to A and E and or the
appropriate plate and from the time that we are in
enter A and E, we or ed as it's described,

(42:39):
we expect to be able to hand that person over
as long as we can do it safely, Ryan, which
is quite an important p piece to hand over to
mental health professionals who can assess and help the person
in need.

Speaker 4 (42:55):
Right, what happens if there's no one there available in
the hour you leave?

Speaker 18 (43:00):
Well, it really depends on the state of the individual.
I'd have to say, Ryan, but we're never going to
walk out of the safety issues, either to police, to
the public, or to the staff who are going to
do the assessment.

Speaker 4 (43:17):
So is, however, our is the difference then, just so
we'kly is the difference then that previously you would have
stayed even if they were harmless, if there was nothing wrong,
You stayed to the bitter end because that was the policy,
whereas now you'll make more of a judgment and if
the person seems okay, you'll boost.

Speaker 18 (43:34):
It's that's absolutely the case, is ok states to do.
So We've got our staff are great and they deal
with these unfortunately, with these people regularly. We want our
police on the streets. I focused on police.

Speaker 4 (43:50):
What I guess the question would be, if you've been
picking people up who are actually fine and taking them
to hospital, why have you been doing that?

Speaker 18 (44:00):
So I wouldn't say people are fine. I come back
to that definition of safety, Brian. So of people are
affected in a range of ways. I'm not a clinician,
so I'm not going to go into the details of that.
But our staff make good assessments, and we do training
around mental health and care.

Speaker 2 (44:20):
Of people.

Speaker 18 (44:22):
When we get to the hospital and are in that
environment often over time that there is an ability for
people to de escalate and their behaviors in their risk.

Speaker 4 (44:33):
Are you, guys, Mike, are you happy to be not
washing your hands? And I know that's not the language
you would use, but will your frontline officers be happy
to you know, with phase one where you're not attending
as many of these call outs to begin with, and
in phase two, where you're pulling back a little bit,
are you happy to be focusing on other stuff?

Speaker 18 (44:52):
I absolutely think that we want our police staff to
be out dealing with the issues that the public will
expect in keeping people safe.

Speaker 4 (45:02):
Yeah, good, I think they would too, Mike, Thank you
very much. That Mike Johnson, who's the assistant commissioner at Police.
It is is twenty one minutes after five year on
news talks. Here b coming up next, We've got a
couple of big movements in the labor party. I'll tell
you about the next. As you winch closer to retirement,
it's natural to start thinking about your finances. We all
do it. Those questions that pop up from time to time,
especially with the cost of living the way that it

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(46:08):
dot com slash retire well.

Speaker 1 (46:11):
Informed inside into today's issues. It's Ryan Bridge on Hither
dupericy Ellen drive with one New Zealand let's get connected
news talks.

Speaker 3 (46:21):
He'd be five.

Speaker 4 (46:22):
We got two big names of the Labor Party in
the news this afternoon, one on the way out and
the other on the way back in. David Parker is
out twenty three years on the job. He's a man
leaving with unfinished business. You know, he wanted the capital
gains tax or a wealth tax or a Thomas Picketty
tax of some kind very badly. But he leaves empty handed.

(46:44):
Does he leave because he's empty handed? Is this a
sign Labor won't take a tax to the next election.
I'm probably not. I don't think so. I think he'd
had enough. He'd have to wait another four and a
half years minimum to get back into cabinet. Remember, because
Labour's going to lose the next election. He's sixty five.
By then he'd be seventy, and even then you're not
sure if you get your tax on the rich. So

(47:06):
better to bail now and do something else you like.
I like David. Many won't because of his politics. That's
fair enough. But I've always liked him as a person.
He's smart. He came from the private sector. He's a
startup guy turned CEO. He used to live across the
street from me, actually in Auckland. I used to get
sent his mail occasionally and would rifle through it and

(47:26):
then go and hand it back. He was founder at
a two milk Did you know that about him? I
remember one time he had a Christmas party in his
office and people were dancing on tables. I thought it
was outrageous. We stopped using him on the AM show
because he had this one interview with Nichola Willis which
we thought went a little bit too far. But apart
from that great guy, then there is, by the way,

(47:48):
the one replacing him on the list is a lawyer,
which is not good for labor. Labor needs more business
people and fewer lawyers. And then there's Andrew Little. Again.
Many won't like his politics and his union background, but
when you sit him down next to Tory Farno, he's
remembered to be running for Wellington Mere. By the way,
he's like he's like a genius and Jesus and Elvis

(48:10):
all wrapped into one. Saving Wellington from itself not an
easy job, but of all the candidates so far, little
has the experience and the best shot at doing it.

Speaker 2 (48:21):
Brian Bridge five twenty seven.

Speaker 4 (48:23):
Guess who's on the show next, David Parker. So we'll
ask him about the tax and we'll ask him what
he thinks their plans are for the election and what
his plans are for the future. Also clear to Law
and Nick Leggett joined me on the huddle. You're on
news talks b.

Speaker 2 (48:49):
To quite so I get here the c.

Speaker 10 (48:55):
Give me the mouse, lack in love of things.

Speaker 21 (49:03):
We can go forever till you want to sit it out.

Speaker 1 (49:09):
On the iHeart app and in your car on your
drive home it's Ryan Bridge on hither duplicy Alan drive
with one New Zealand let's get connected news talks.

Speaker 3 (49:19):
They'd be.

Speaker 8 (49:21):
Don't take a.

Speaker 4 (49:31):
Twenty five away from six news talks. They'd be a
clear law a journalist, nically get infrastructure and Zad standing
by for the huddle. Ryan, this is from Kevin. You
weren't happy with Andrew Little making a disaster in parliament,
now you're happy from to make a disaster in local government, really,
says Kevin.

Speaker 3 (49:47):
Kevin.

Speaker 4 (49:47):
They can't all have been bad, yes, that particular government.
I think we are as we see every time we
open the newspaper, every time we open the government books.
They're were bad things that happen, but they can't all
have been bad, surely. And what I'm saying is I
don't think that Andrew Little was by anywhere close to
being the worst. And I think he will do a

(50:08):
much better job in Wellington than what they currently are
being served by in their mayor twenty four away from
Sex newstalks I've been now David Parker speaking of laboring peace.
David Parker, who's a stalward of the party after twenty
three years in parliament, is out. He's announced it today.
Got in two thousand and two, served as Attorney General
Associate Finance Deputy leader. In twenty fourteen, of course, ran

(50:30):
for the leadership. David park is with me now. Hi, David, Hi,
good to have you on what's the What's prompted the
decision why now.

Speaker 22 (50:40):
Oh, look, you never finished in this job, but it
felt the right time. I've just sort of reset Labor
Party policy around foreign affairs. You have seen me parenting
on rabbiting on about that recently, and it's good to
go out on a positive note rather than stay till
you're not wanted Ashley. It was partly I've been over
season back with jet lag and to get up at

(51:02):
four thirty am to leave the house at five to
catch an early plane, and I thought, God, fifty years
ago I did a miok run getting up at five
am every morning at nineteen seventy five, and it felt
a bit aren't fair to be doing it fifty years later.
So lots of.

Speaker 4 (51:15):
Reasons, nothing to do with the tax. You didn't get that,
I know, I know you wanted.

Speaker 22 (51:23):
No, No, I know I wouldn't put it down to that,
especially one of the reasons I stayed to push those
things along. Interestingly, you know, I remember you covering that
on TV three when that report came out showing that,
you know, wealthy people in New Zealand pay between a
half and a third of the rate of tax of
people who earned their income through their labor and salary,
and you sent it off to Thomas Piketty and Paris

(51:46):
and he's that guy that wrote capitle in the twenty
first century and blow me down. He replied to you
and said, gat work.

Speaker 4 (51:54):
We actually very nearly had because I know you were
a big fan of his. We actually very nearly had
him on the show, you know, to talk to you,
but it just didn't quite work out. He was a
busy man, unfortunately, David, do you we're looking back, what
is your you give us your highlight, your low light?
Who were you know? What was your best moment?

Speaker 22 (52:15):
Well, look, I had threat threads to my policy. One
as a galitarian, prosperous economic economic outcomes. I was an
entrepreneurs before as an MP, and on that front, I
think some of the work that I did to stimulate
venture capital as good. Some of the work I did
as a revenue miss also helped push the economy towards
productive outcomes. On the environmental front, I did the administrating scheme,

(52:39):
which is the pricing mechanism which encourages the economy to
move to lower emissions. That that's been a successful and
important and important thing. And I set the ninety percent
renewable electricity target on the On the civil liberties front,
I did both what's called the halfway House under the
Bill of Rights to give Parliament a route to fixing

(53:01):
mistakes that are noticed by the courts as to puck
legislation breaching civil liberties.

Speaker 4 (53:06):
Also the same time, hey David, because we are running
out of time and we don't have time for all
of your achievements. Although I do acknowledge there have been many,
was there was what was the hardest time in parliament?

Speaker 22 (53:21):
I actually, you know, you suffer some dirty politics. At times.
There were clips taken of me that had me saying
I hate farmers, which wasn't true. It's a misrepresentation of
what I said. I was followed around by private investigators
hired by the exclusive Brethren under the Hall and Clark government.
So and my partner at the time had to put
up with, you know, shared to put up with possums

(53:43):
being chatter to dead possum's being chapped across the fence.
So I think the things that affect you worse of
the things that are taken out on your families, even
though they shouldn't be well.

Speaker 4 (53:51):
Enjoy the sleeping David. It's been great to have you
on the show. Appreciate your time.

Speaker 22 (53:55):
Thanks, thanks very much.

Speaker 4 (53:56):
See you David Parker, who's the outgoing labor and being
in there since two thousand too. It is twenty two
to six.

Speaker 1 (54:02):
The Huddle with New Zealand Southeby's International Realty the ones
with worldwide connections that perform not a promise.

Speaker 4 (54:09):
Clar DELRD journalists with US and Nick leget infrastructure in
z Good evening, Good evening, Hello, Hello. Can we first
talk neck about the rumors that Andrew Little is running
for a mayor of Wellington. We have texted him today
but he hasn't got back to us just yet. But
they are starting to firm up. There's been something reporting
in the press which obviously makes it true. Nick, what

(54:30):
are you hearing?

Speaker 23 (54:33):
I'm hearing the same things. And look, I think it's
very interesting for Wellington because so far the declared candidates
none of them look or sound like a mayor. We
know Tory Farno, we don't have to imagine her as
a mayor. She is the mayor. But Andrew Little feels
like a growing up and you know, he's a serious

(54:55):
sort of a person with pretty significant experience and so
I think, you know, in terms of being that challenger
with some credibility, you know, he would bring some heft
to the table. And from what I understand, he's got
pretty serious support from across the political spectrum, because what

(55:16):
we've got to remember is that, you know, with local
government it is about place over party, and I think
someone who can talk about demonstrate they can work with
all sides would have to be taken pretty seriously by
the Wellington electorate. I think it's also really interesting because
you know, my criticism for a long time has been

(55:36):
that Labor's kind of let the Greens in the door
in Wellington, and this would be a pretty serious signal
that they are taking you know, they're taking Wellington seriously,
that they're going to fight the Greens for votes. They
lost those two electric seats, of course, wrong I'm Wellington
Central at the last election, so this would see a
bit of a you know, a bit of a bit

(55:59):
of a fight back. And look, I think that would
be really healthy for Wellington, but actually ultimately probably for
Labor because it has conceded a lot of points to
the Greens and I think.

Speaker 4 (56:11):
That's not just bad, not just the Greens, but I
wonder whether there's a wider political strategy here, clear from
the Labor Party, where they've acknowledged that the last Labor government,
the pr is awful right, the left leaning Wellington Council
and I know Toy is green, but that's a distinction
you get in Wellington, you know, is useless. They can't

(56:34):
run a bath. You know, is there a strategy here
of actually we need to get some quite competent people
into some quite important roles to actually rebuild that image.

Speaker 15 (56:47):
Look, whatever the strategy is, he is a good contender.
I think you know, he's not without his flaws. He
started the health reportance that are now sort of stumbling through,
and that was against advice to actually centralize everything again,
So I think you know he's he's a pretty good
kind of contender. But name recognition is something. But I

(57:09):
also would hope that if it's Labor, it's labor with
a small owl and it doesn't become so party political.
Sure Labor will benefit if he gets in, but hopefully
he can work across the isle. As they say, I'm
in that old fashion tradition of getting on with people.
He does get on, as I understand it worth a
wide range of people. He is a mature person and

(57:29):
God knows they need it.

Speaker 6 (57:30):
You know.

Speaker 15 (57:31):
It's got to the point where somebody suggested to me
last week that I might like to think about it.

Speaker 9 (57:35):
How about that?

Speaker 4 (57:38):
What did you say? What did you say?

Speaker 15 (57:39):
Kat I said gosh? I say, gosh. I've always fancied
moving back to Wellington.

Speaker 6 (57:44):
But if it was like that, I am not sure.

Speaker 18 (57:47):
I am not your mass.

Speaker 4 (57:48):
No time to cut and run, right, it is a
clear to Laura nick Leggett on the huddle, it's just
gone sixteen minutes away from it. Six. We're back in
just a moment. Lots to talk about, talk about the
government and the trade wars. We've had Nikola, Willis and
Luxon out today sort of a united front against not
against Donald Trump, but showing strength. I suppose we'll talk

(58:09):
about that next the huddle.

Speaker 1 (58:11):
With New Zealand southebyst International Realty achieve extraordinary results with
unparallel reach.

Speaker 4 (58:17):
It is third anyway from six after six, Simon, what's
on this green fun that they're getting rid of right now?
Clear to Laura and Nick Leggett on the huddle. Guys,
we've had Chris Luxon come out today on Instagram of
all platforms and do a video saying don't worry, We're
going to be okay in terms of the Tara stuff.
And then we had Nichola Willis come out and do
a press release It's sorry, a press conference saying essentially

(58:39):
the same thing. Yes, there will be implications, but we
will be able to deal with it. Nick, do you
think they have this or at least appear to have
this in check.

Speaker 23 (58:49):
Well, it's this is the most economically uncertain time. Well,
I mean COVID obviously was pretty bad, but this in
terms of structural changes to the way the world trades
and the linkage between trade and security now and defense
is massive. We don't have anything under control, but the

(59:12):
signals the government send as they have sent today are
very important. They're very important for our economy, for people
feeling secure about their livelihoods, for people that manufacture, people
that are export and important in New Zealand. I mean
this is I think the uncertainty exists with our supply chains,

(59:34):
where we buy from, where we have components that help
our economy function, and how we build things. If you
think about our close trading partners in the Asia Pacific,
there are a lot of countries that are being hit
with very high tariffs and that will have an impact
in turn on what New Zealand pays too important, But

(59:59):
we also have some buffers. And look I heard very
clearly from Christopher Luxe and at the recent Infrastructure Investments
summer where he said to his message to overseas territories
and countries was New Zealand can be a safe harbor
for investment in uncertain times. And I think it's really
important that we keep that strategy. We keep not just

(01:00:21):
repeating it, but the action of the nation and the
economic players is that we attempt to live there because
we've got to. We've got to have a sort of
a pretty stable strategy that will take us through these times,
however long they last.

Speaker 4 (01:00:39):
Yeah, do you think the strategy is the right one? Clear?
And you know you've had Hipkins come out today and
say you should be going a bit harder against Trump
that kind of thing. Would that really make a difference.

Speaker 15 (01:00:49):
No, I don't think it does. And I think they
are doing the right thing, just making the right noises.
But the reality is that aside from some very smart
exporters who may have shipped a lot of stuff across
to the States in anticipation of tariffs. Who may, for example,
if there were any wine producers who thought to do
what some of the champagne houses in France did, which

(01:01:11):
was to take a lot of their production over there
before the tariffs were imposed. But we are basically the
enthrall to and in the grip of one man who
is unpredictable, stubborn, some would say unhinged, and who may
change his mind, but may not because he seems to
the theater of it all, seems to be driving a

(01:01:33):
lot of it because there isn't a huge amount of logic,
so you have to be extremely careful on how you
handle the guy. I listen sometimes to Anthony Scaramucci, who
lasted I think eleven days with Trummond in the first iteration,
and he sounds genuinely sort of oh, I wouldn't say,

(01:01:53):
scared of what's happening, but really apprehensive about where it
will go if there is if there are not. He
is eleven brave people, three senators, three Republican Cabinet members,
and say five members of the House who turn and
say no and coalesce with the with the Democrats who

(01:02:14):
are in some disarray still, So I mean, if that's
how he feels, he sort of does know the guy. Sure,
you only lasted eleven days, but it's a lot longer
than any of our politicians have ever been in the
room with the guy. You've got an insight into him.
And I think we are in really very unpredictable times.
If people individually wonder what they can do, I just say,

(01:02:36):
you know, keep in touch with your you know, sane,
rational American friends, some of whom you know reached it
out to me and said, we're really sort of we're
embarrassed about what's going on. Seems a bit crazy to us.
And also, if you want to you have your own
little boycott. It won't make much difference. You know, you
can look and see if something that you're about to
buy was made in American boycotted. If it makes you

(01:02:58):
better feel better. But it is going to be one
of those things where you just have to watch the
actions of this one man who at the moment is
acting like the emperor of the world.

Speaker 4 (01:03:10):
Yeah, he really is. It's a little bit scary. It
didn't end well with Scaramucie, did it. I think with
Trump and Scaramuccie, I mean, some people say there's bad
blood there, but yeah, I take your point. And actually
we had Stephen Joyce on the program after five this
evening he said the same thing. He said, basically, you've
got to get some senators and you've got to get
some couple of folks in the House change sides, and

(01:03:33):
the whole thing could be over quite quickly. But well,
it would be.

Speaker 15 (01:03:37):
Very interesting to know what John Key makes of all
of this, because prior to the election he said he
was you know, he was supporting Trump. He thought he
would be a great guy to get in there. He's
an admirer. What does John Key make of this?

Speaker 3 (01:03:48):
Now?

Speaker 4 (01:03:50):
We have tried to get him on the program several times.

Speaker 15 (01:03:52):
Clear, yeah, gone quiet on Trump? Yeah, I would tourfys him.

Speaker 4 (01:03:58):
All right, guys, thanks for that. Clear to little Nick
Leggett on the huddle. It's just gone eight minutes away
from six.

Speaker 1 (01:04:04):
It's the Heather Dupless Allen Drive Full Show podcast on
Myart Radio powered by News Talk ZBI.

Speaker 4 (01:04:12):
China. It has just gone five minutes away from six
year OWD News Talks ZB China has come out today
and given quite a bit of help to the Shanghai composite.
This is the benchmark stock index over in mainland China.
I'll get to that after six o'clock. We're also going
to speak to Jamie mackay. We're going to ask him
about the potential impact on that dairy payout price that

(01:04:34):
everybody is crossing their fingers and hoping to die for.
Right now, though, did you read this story today? Boy,
it's a doozy. So this is in christ the christ
Church City Council. Twice a year Daylight Savings, they test
their tsunami alert system, right and apparently, and this is
for problem was this time they did it, forty five
sirens didn't go off. And on Monday they said, oh

(01:04:56):
it's a human error. And then today they provide actually
the detail of what happened. They get they pay somebody
to push a button to make the sirens work when
there's going to be a tsunami in christ Us. This
person lives in Auckland. First of all, that's I mean,
I suppose you want someone in Auckland in case the
whole thing gets wiped out both tsunami. You know, you
want someone somewhere else. But it was only one person,

(01:05:19):
and this one person it so happened on the very
moment they were meant to push this button to make
this thing happen. They were dealing with a car accident
that happened to have happened right outside their home at
the very moment that they were meant to push the button.
So it didn't happen. So you had forty five sirens
between Taylor's mistake and Brooklyn's that didn't go off at
eleven am last Sunday morning. Now, so many questions, right,

(01:05:42):
so many questions. Civil Defense didn't have an override button,
So it was just this lonely person in Henderson who's
meant to push the button. Council can't do anything about it?
Why not? Why does civil Defense not have an over
ride button? Why did you not figure this out? How
did you not figure this out? Since twenty twelve, they've

(01:06:02):
had the same guy doing it, apparently pushing the button.
But more importantly, what are the chances of having a
car accident right outside your house at the very moment
you meant to push a tsunami alert button? That has
got to be against the yachts. I would have thought anyway,
We'll have more on business, Trump and reaction up to six.

Speaker 2 (01:06:24):
The World.

Speaker 1 (01:06:34):
Where business meets Insight, The Business Hour with Ryan Bridge
and Mayor's Insurance and Investments, Grow Your Wealth, Protect Your Future.

Speaker 4 (01:06:44):
News Talk said, be Good Evening at a seven after six.
News Talk said b coming up Jamie McKay on the
dairy fallout from Donald Trump's tariffs, and we're head to
Australia for the first leader's debate. Elbow and Darting go
face to face on Sky News tonight. Plus we're with
Indebrady in the UK by seven o'clock. Right now, China's
Commerce ministry is saying it'll fight till the end over

(01:07:07):
the Trump's tariffs. The Chinese government spokesperson so, Trump obviously
hit them with thirty four percent, They replied with thirty
four percent, and then Trump has they replied thirty four percent.
Trump now threatens fifty percent on top of that if
they continue with their retaliation. Chinese government spokesperson has said
the US threat to escalate tariffs against China is a

(01:07:29):
mistake on top of a mistake, China will never accept this.
Brad Olsen is in for Metrics Principal Economists with US Now. Hi, Brad,
good evening. Not great language, is it?

Speaker 5 (01:07:37):
It's pretty strong fighting talk from both sides. I mean,
you're right that you're thirty four percent to start with,
but let's be clear, there was already i think twenty
percent additional tariffs on China earlier in twenty twenty five.
You take on top of that the tariffs that were
levied both by the original Trump administration back you know,
five six years ago, and also some of those under
Biden that haven't been walked back. You're talking in effective

(01:08:00):
tariff rate. If this COEs ahead, if there is this
escalation of over one hundred percent, you know, that means
that every Chinese product going into the US would be
costing more than double what it needs to. I mean,
this really is starting to look like a full blown
trade war.

Speaker 4 (01:08:12):
Which we haven't seen before, right because we have seen
trade wars before, but we haven't seen any with numbers
this big.

Speaker 5 (01:08:19):
Not this big, and not this wide scale. I mean,
this is not sort of a few little products for
tat and similar This is like everything at the wholesale
level you're hearing from the Chinese. They're looking at targeting
agricultural exports from the US. That's a big earner for
the United States. So this is much much wider. And
of course it's not just a one to one. It's
not just China and the US. It's also the EU

(01:08:40):
are looking to retaliate. Canada has already done, so you've
got to talk from the Mexicans as well about wanting
to go in. Like the wider, broader effect of this
is worrying. You heard from the Finance mins today saying
that Treasury's expectations are that global growth expectations have now
been slashed by half a percentage point from where they
originally thought things were. That makes it so much harder

(01:09:01):
if you're a key exporter and you're seeing all of
these countries around the world fighting, putting tariffs on back
and forth. There is just going to be less trade,
less money to buy the stuff that we're sending out.

Speaker 4 (01:09:09):
That's scary. When the Finance minister says half a percent
of global growth, what does that mean for our growth number?

Speaker 5 (01:09:19):
It's not clear yet. We haven't heard the Treasury estimates.
I mean, and to be fair, you know, even the
private sector forecast is like us, we're still trying to
run the numbers and I don't think anyone's got a
lot of certainty or confidence now. I mean you see
that also in the financial markets because everyone's still seeing
those cutbacks. But realistically, you know that slowdown that's coming through,
you could be talking a percentage point of GDP. That's
sort of just a very high level number, but in

(01:09:41):
terms of scarlet magnitude, it's big enough to care about,
and I think that's why there's so much interest in
this right You know, people are talking about their key
we saver balances right here right now because the markets
are down. But longer term, over the next six months
to a year, we are going to be talking a
lot more about, Hey, where are New Zealand's exports going?
Are we able to send quite as much out what's
coming through because we're all just sort of caught in

(01:10:02):
the middle of this mailstrom because we don't know what's next.

Speaker 4 (01:10:04):
Somebody described it to me as like if you have
a motive like spaghetti junction, a motiv of lots of
roads on it, and you're basically having trying to figure
out a new route and then work out what the
speed will be. You know, it's a really hard thing
to domine. Of course, we have GPS these days, that's
quite easy now, but you know, before we had that.

(01:10:25):
That's similar kind of thing. You're trying to get down and.

Speaker 5 (01:10:28):
Squared definitely, And at the same time, right, it's all
the rest of us who are watching. You know, we've
seen a crash happen, and now we're trying to figure
out who goes first to make sure they can find
the new route. We all don't want to sort of
immediately pil on ourselves because they'll just come up the
new escape route. But we are all watching. Now what's
everyone else doing? What way are they starting to hear?
Are they taking road A, road B or road C?
And I think that's why it's interesting. Right, you've seen

(01:10:49):
a number of countries that have retaliated quite hard. You know,
that's escalating the trade war. You've seen a bunch of
other countries, particularly through parts of Asia, the likes of
Japan Vietnam have said, hey, can we go We're quite
keen to sort of see if we can lower this down.
Then you've got that sort of middle group like New Zealand,
we've gone, Look, it's not in our best interrist to
try and sort of put ourselves on the radar at
the moment we're not being targeted. Let's just sort of

(01:11:10):
sit back, not watch peacefully, but just watch and wait
and learn, because there's still a lot of water to
go into this bridge. We have five days into this
and already it's been chaos.

Speaker 4 (01:11:19):
We've got an o CR announcement tomorrow. If you're the
Reserve Bank, what do you do? Do you kind of
because on the one hand, you potentially got inflation increasing,
on the other hand, you might have growth falling. It's
like you don't know which way is up and which
ways down? What do you do? Just just go with
what you indicated you might deliver.

Speaker 5 (01:11:35):
Broadly, I think at the moment, I think that's the
best call. I think anything otherwise would imply the Reserve
Bank almost knows too much, and it doesn't. At this point.
It's only had the same amount of time that everyone
else has. If the Treasury hasn't been able to come
out with a fulsome this is what it means to
the economy nor I don't think the Reserve Bank will
have either. Also, importantly, that statement tomorrow that the Reserve
Banks issuing that's it. There's only a couple of pages

(01:11:57):
of text. There's no big forecast. They've only had a
little bit of time I think asking them to come
out with too firm of a view at the moment
risks sort of leading us down one particular path because
we're not sure how to toss up between the likes
of that lower growth and the potential higher inflation. I
think more appropriate would be the Reserve banks signaling tomorrow
and say, look.

Speaker 4 (01:12:14):
Yep, clearly a risk.

Speaker 5 (01:12:16):
We're doing a lot of work on it. We're trying
to figure out where this lands.

Speaker 3 (01:12:19):
For the moment.

Speaker 5 (01:12:19):
The New Zealand economy still in an all right place
in terms of where their forecasts are going, but requires
that official cash rate to come down a bit more.
But then they've got May when they can come out
put some full on four casts out say this is
what our expectation is. And of course, look, if things
did deteriorate, they can always have an impromptu meeting. They
don't need to in my view, but they've always got
that option up their sleeve. They've now got a governor

(01:12:41):
in place for the next six months in Christian hawksby
very qualified individual. I think we're in safe hands for
the moment amidst all of the turmoil that's happening globally.

Speaker 4 (01:12:49):
Yeah, Well, because she just announced today Nickolbillis did that
he'll get that six month job. He had the immediate
job after Adrian all left the building and for the
cloud of dust, and then he's got the six month
job and then they'll find the new But crucially he
is going to oversee the funding envelope for the next
five years to the Reserve banks. So it's quite a
good deal for Nikola Willis, isn't it. She gets the

(01:13:09):
temporary one in the sign they signed the funding agreement
which was obviously poort in contention with Adrian or and
then the new one comes in and has to live
by it a.

Speaker 5 (01:13:18):
Presumably basically, but I think as well that's realistic. The
government's been pretty clear that everyone needs to live within
their means a bit more. The Reserve Bank has been
spending a lot of money. Some of that completely justified,
some of it. I do think you've got a question
should they be able to spend quite as much as
they have been when everyone else has got to trim
their cloth a little bit more. I think it's appropriate
that they find a bit more of a middle ground.

(01:13:38):
And I'm more than confident that between the likes of
the Reserve Bank Board, the finance Minister, the governor. Everything
will work out all right, but I do think there's
got to be, like we're seeing in a number of
parts of the economy, a recalibration what we were doing
a couple of years ago does not cut it these days.
The world has changed, the economy has changed, and we've
got to adapt to it.

Speaker 4 (01:13:55):
Brad Alstoen, great to have you on the show, Infametric's
principal economist. It is fourteen minutes. The six will get
to rural next. We're going to talk to Jamie McKay
about those dairy payouts and how certain they are or
how they might be affected by what's going on overseas.

Speaker 1 (01:14:11):
It's the head dupas Allen Drive Full Show podcast on iHeartRadio,
empowered by Newstalks EBB. Whether it's Macro microbe or just
playing economics, it's all on the Business Hour with Ryan
Bridge and Plair's Insurance and Investments, Grow Your Wealth, Protect
Your Future NEWSTALKSB.

Speaker 4 (01:14:31):
It is six seventeen. We're off to Australia after the
News for the latest on the debate leaders debate. The
first one between Albanezie and Dutton is happening tonight on
Sky News. If you've got I think you need to
have the you know, if you've got Sky you can
watch Sky News. I think you will be able to
view it. And I think I'm saying this like people

(01:14:51):
are going to care if I'm going to watch it.
Or if you've got Sky you can go on the
Sky website. I think you can do a little sign
and thing aside back door thing and get into it
that way and watch it on there. Anyway, it starts
at nine to thirty our time, and there'll be people
from the audience asking all the questions. Just gone seventeen
minutes after six. Now the government is winding down Green
Investment Finance, saying it invested almost four hundred million dollars

(01:15:15):
but only had very limited results. Green Investment Finance gave
one hundred and forty five million dollar loan to Solar Zero.
Remember that that was put into liquidation last year. The
Climate Change Minister Simon Watts is with me now to
talk about it.

Speaker 11 (01:15:28):
Good evening, minister, Yeah evening, Ryan, thanks for having me.

Speaker 3 (01:15:31):
Yeah. Good.

Speaker 4 (01:15:32):
So the four hundred million dollars, what was what return
did we get for that? What did we get?

Speaker 25 (01:15:38):
Well?

Speaker 11 (01:15:38):
Look at it spread across of the four hundred only
two hundred million of that was invested across twenty different organizations,
one of which you were right to point out was
Soldar zero. The major portion was about there was one
hundred million totality. But look, you know there's quite a
mixture of returns across the board, but you know, not

(01:16:01):
large returns. You know, twenty twenty three about one point
eight percent return on equity. Twenty twenty two and twenty
twenty one were negative returns. In twenty twenty four forecast
was just under five percent, So look, you know, not
not at all significant returns in terms of taxpayer investment.

Speaker 4 (01:16:18):
Did you say twenty twenty four was five percent forecast.

Speaker 11 (01:16:21):
Five four point nine?

Speaker 22 (01:16:24):
Correct?

Speaker 4 (01:16:25):
Right? And did and that obviously did that happen.

Speaker 11 (01:16:28):
It is still finishing through, but it's it's that's an estimate.

Speaker 4 (01:16:33):
Position, right, right, So we don't actually know yet what
the result was. Is it premiature to cut it?

Speaker 22 (01:16:40):
No, I don't think it's premature to cut it.

Speaker 11 (01:16:42):
We've been pretty clear that the government has decided that,
you know, this type of stuff isn't core government business.
We need to be selected around how we invest taxpayer money.
We've seen the impacts of the Solar zero decision, which
went positive for the taxpayer, and decisions made that this
is no longer a core business. I think it also

(01:17:04):
reflects that actually the market, the private market, has evolved
and many of these funding and financing services are now
provided by banks and other players in the market. And
you know, I don't think that there is a need
for government to be involved in this market going.

Speaker 4 (01:17:20):
Forward how much because obviously so how much has actually
been paid out. Two hundred million dollars has been paid out,
so we won't it's correct what happens with that money?
Just they just continue those contracts, continue, those investments contend.

Speaker 11 (01:17:31):
Well, Basically, the organization is going to stop any new
investments and it's going to manage down that portfolio. Obviously,
the big chunk is sold are zero and that's for
that's an liquidation proceedings, so I sort of can't get
into too much detail. But the other investments, the other
nineteen will in effect be loans that they'll manage through
to maturity or any of the equity stakes that they have,

(01:17:54):
and they'll be looking for buyers for those in a
managed process.

Speaker 4 (01:17:57):
Right, So does that mean that there's two million dollars
that otherwise would have been linked that's not been lent.
I mean, that's the upside to the Crown accounts is
two hundred million dollars.

Speaker 11 (01:18:07):
Yeah, that's right. Ryana was sitting on term deposit.

Speaker 4 (01:18:11):
Interesting, is there anything else that Nicola is taking a
sledgehammer too that you've got purview over.

Speaker 11 (01:18:18):
Look, I've only got purview as I'm a shielding minister
for this entity. But you know, at the end of
the day, we've had to we are making calls across
the board around what government's investing in and what we're not.
And the reality is this is not an area which
we see as core government government business. And as a
result of that, you know, we've made a decision and

(01:18:39):
we'll manage it down. That investment and that money that
is available go back into the center and will be
available for us to invest in other priorities for the government.
So I think that's a sensible decision.

Speaker 4 (01:18:52):
All right, appreciate your time, Simon Wat's Climate Change Minister.
It is twenty one minutes after six News Talks. The
would be Jamie McCay next.

Speaker 1 (01:18:59):
The Rural Report with MSD Animal Health Home of Sense
of Dairy at All Flags.

Speaker 4 (01:19:04):
Six twenty four Jamie mckaye, Host of the Country with
me tonight, Jamie good evening. All right, I hear you.
You're with us from the spates Ale House and Team
at Ou.

Speaker 6 (01:19:13):
What's the occasion, Oh, just somewhere different to drink, Ryan
now looked to be honest. I'm in Temaru for the
Teamaru for the next couple of days. I mean seeing
the South Island Airy Event, which is one of the
better farming conferences.

Speaker 9 (01:19:30):
I really enjoy it.

Speaker 6 (01:19:31):
So yet we're in the spates Ale House, or just
above the spates Ale House, at the function center here
in Timaru, and it's owned, I believe it or not.
The whole thing's owned by the Mayor of Timaru, Nigel Bowen.
So there you go, some useless trivia for you. And
I must say Ryan that I used to diss Timarou awe.
But back in the eighties I used to come up
here as a young bloke and play rugby and I

(01:19:52):
thought it was a bit of a dive. But having
had a good look around the town some lovely restaurants.
Caroline Bay is fantas plastic nowadays. I suppose it always
has been. With the soundshell and all that there, but
it's a city that's doing pretty well. I'd say off
the back of the primary sector.

Speaker 4 (01:20:10):
Now, speaking of off the back of the primary sector,
how are we going to do off the back of
the primary sector if they're in trouble? Are they with
the dairy payout and what's happening around the world with
Donald Trump? Or is that safe and lockdown? Do you think?

Speaker 6 (01:20:22):
Well, I'm only guessing here. You need to ring up
Miles Hurrell or one of those guys. But I would
imagine this year's dairy payout at ten dollars plus as
more or less.

Speaker 9 (01:20:32):
Locked and loaded.

Speaker 6 (01:20:33):
Remember, there is I guess a down or an upside
to Trump's stupidity, and that might be the exchange rate.
But in terms of dairy, for instance, only six percent
of our dairy goes into the US. Obviously red meat
wine would be a far greater concern. And even at
ten percent on nine billion dollars, that's nine hundred million.

(01:20:54):
Yet I know it's it's not to be sniffed at,
but it's not going to break us. I think the
real issue and it was good to hear Steve and
Joyce on your show A wee bit earlier, Ryan that
the real issue is the collateral damage, like to our
major trading partners, especially China, our biggest trading part partner,
plus the EU. And then you're looking at the damage

(01:21:15):
and goodness.

Speaker 9 (01:21:15):
Knows what it is.

Speaker 6 (01:21:16):
No one knows to the world economy, potential recession, higher inflation,
interest rates, Goodness knows.

Speaker 9 (01:21:23):
Where they're going to go.

Speaker 6 (01:21:24):
Reserve banks around the world might have to start lowering
interest rates to stimulate economies. Look, I think we're all
just stabbing in the dark at the moment, but you
would have to say, I guess New Zealand's as well
positioned maybe as any country to get through this. But
we're going to watch with interest how Trump v.

Speaker 4 (01:21:45):
China goes absolutely and that thing's only heading up. Jamie,
thank you for that. I'll let you get back to
the pub. Enjoy yourself. Jamie McKay, host of the Country
and on hosting duties at the spats own House and
team tonight it is twenty seven minutes after six, you're
on news talks. Lots want to come. I'm going to
get to the UK before the top of the outer
end of Brady and we will chat about the formula,

(01:22:06):
the format I should say of this debate over in Australia,
the Leader's debate happening on Sky News tonight, I'm quite
interested in that's Nextina.

Speaker 2 (01:22:17):
He loves me, he holds me tired, then let me go. Helmina,
he loves me.

Speaker 13 (01:22:22):
Hold me tired, then let me go. You say you save.

Speaker 1 (01:22:28):
Everything from SMS to the big corporates, the Business Hour
with Ryan Bridge and players, insurance and investments, grew your wealth,
protect your future.

Speaker 2 (01:22:39):
News TALKSB in the PCs.

Speaker 4 (01:22:54):
Good even twenty five away from seven News Talks B.
We'll get to in the Brady in the UK before
seven o'clock. I'm over. And China. Chinese stocks have been
tumbling like they have everywhere else all around the world,
and the Chinese have gone all in with all hands
on deck to save the share market there. A bunch
of state holding companies have come out and started buying
up shares to stabilize the market there. This is mainly

(01:23:17):
on the Shanghai Composite, which is their benchmark stock exchange.
They were down seven percent on Monday. They have come
back today and guess what, it's the Chinese government that's
behind it. No surprise there. That is just Beijing doing
what Beijing does. It bails out. It did this in
twenty fifteen. I lived there in twenty fifteen when this happened,
and I remember thinking, oh, well, they can't just come

(01:23:38):
in surely and just buy up all the stocks, and
everyone's like, yeah, they can. That's what they do. So
you'll never see too much in the way of a
crash on a Chinese stock market. It's twenty four away
from seven, Ryan Bridge, Albanezi and Dustin. They will face
off in the first election debate on Sky News at
nine point thirty tonight. That's nine thirty our time. Dutton

(01:23:58):
is under pressure to convince vot he's been slipping behind
Labor and the latest polls. Mark Riley is seven News
political editor. He has previously mediated debates. He's with us
tonight Mark Good evening, Gooday.

Speaker 20 (01:24:11):
Ryan, and hopes to moderate debates in the future as well.

Speaker 4 (01:24:16):
Let's see is this Yes? Sorry I didn't make that
so last century Mark? Is this tonight? Which one have
him a moderator because there's questions from the audience. It
sounds a bit more town Holly. What's the format?

Speaker 20 (01:24:30):
Yeah, city's town Hay that's exactly it. I mean, Kieran
Gilbert Sky will moderate, but he'll essentially just pass the
microphone around to people who've been selected by a survey
company as a representative of the electorate, and they'll be
asking questions about particular policy issues, personality issues, politics, the

(01:24:53):
whole light. So it is very town hoy.

Speaker 4 (01:24:56):
And how do you win a town hall debate?

Speaker 20 (01:25:01):
Well, not in the other bloke off his feet, But
you know, there's these debates are always risky for prime
ministers and always opportunities for opposition leaders. I guess it's
a rare opportunity for an opposition leader to have equals
standing on the same platform with the Prime minister, shoulders shoulder,

(01:25:22):
eye to eye, So much more to lose for a PM,
much more to gain for an opposition leader. And most
of the time it's kind of impressionistic. There's a debate
about about how much impact the debates themselves have on
people's voting intentions. Do they really turn votes? Well, probably

(01:25:43):
not in and of themselves, unless you you know, start
buffering on live television, as has happened in the presidential
debates before. Before the Democrats changed candidate with Joe Biden.
But I think also there's a psychological impact of this
that I've watched I'm fascinated by over the years. It

(01:26:04):
does play with the mind of the candidate if they
have a poor performance at a debate. So you know,
you can have an impact on a couple of different levels,
but they're normally remembered for moments. So while position leaders
and prime ministers look for those moments where they essentially

(01:26:24):
make their opponent look like a goose.

Speaker 4 (01:26:26):
Yeah, we had one of those in New Zealand that
Show Me the Money debate with our former Prime Minister
John Key down in christ Church, and it changed, It
really did, because what it does for the next week
on the campaign is give that candidate the pip in
the step, the energy, you know, the vibe, the kind
of the push that you need to the finish line.
Doesn't it? So they can it does, Yeah.

Speaker 3 (01:26:48):
It does.

Speaker 20 (01:26:49):
Look, campaigns are all about momentum, and if you can
get what you believe is a shift in momentum from
a debate and then ride it into the campaign proper,
it can have a material impact on the way that
the next few days or week plays plays out. But
also it starts to build its own narratives, so people

(01:27:09):
like me start saying, well, you know, things started to
turn out the debate when you know Dutton got inside
albanyz his head or Albanize he got inside Dutton and
said whatever the case may be. So they can produce
turning points in a way often don't sometimes can Trump.

Speaker 4 (01:27:28):
How much of a factor is he in this campaign?

Speaker 3 (01:27:31):
Massive?

Speaker 20 (01:27:31):
I mean the guys you know, look a look at
you know your superannuation today. Trump is a factor in
every country around the world today, and in this campaign
he is a factor because he's skewing the outlook for
the Australian economy. We had Peter Dutton today declaring that
Australia was headed towards recession, headed towards recession under Labor.

(01:27:54):
Of course he made the political point, but you know,
back in the day we would have said that's talking
the economy and un Australian and all the rest of it.
These days it's just part of the course in the
political contact sport. But so there will be questions about Trump,
I am absolutely certain, and both of the leaders will
say that they are best equipped to deal with him.

(01:28:16):
The question is how you deal with him?

Speaker 1 (01:28:17):
Right?

Speaker 20 (01:28:17):
I mean and that's the material point. How do you
deal with somebody who is so unpredictable as Trump. Albanesi's
way has been to say that we do it diplomatically
through the usual channels and through traditional means. We don't
we don't engage in knee joke responses. That is, we're

(01:28:39):
not going to whack on tariffs on the US in retaliation.
Dutton's the Dutton's way of really of framing this is
that he will take a toughest stand, he'll be more forthright,
stand up for Australia. And but also because it's kind
of said Sodo, but because he's of the conservative milk,

(01:29:01):
though not of the Trump kind, but of the same
conservative bent, he has a better chance of negotiating an
exemption or a deal for Australia than alban Easy does.
But in essence, I think Trump brings to this campaign
the question, you know, who is best equipped to lead

(01:29:23):
Australia at a time of royaling, expensive and quite frightening uncertainty,
particularly in the global economy.

Speaker 4 (01:29:33):
Yeah, hey, great to have you on Mark, looking forward
to tonight's debate and looking forward to you moderating debates
in the future. Mark Riley seven News Political editor with
us out of Australia. It is eighteen minutes away from seven.
We'll get to end the next If it's.

Speaker 2 (01:29:47):
To do with money, it matters to you.

Speaker 1 (01:29:50):
The Business Hour with Ryan Rich and Their's insurance and investments,
Grow your wealth, Protect your future news talks.

Speaker 4 (01:29:58):
That'd be seven on newstalk. Let's get it into Brady,
a UK correspondent in to welcome to.

Speaker 9 (01:30:02):
You, Hey, Ryan, good to speak to you again.

Speaker 4 (01:30:05):
And to you too. Now you've got a pretty impressive story.
The first if a baby born in the UK to
a woman with a womb transplant.

Speaker 9 (01:30:15):
Yeah, this is absolutely stunning and beautiful and brilliant. Grace Davidson.
She's thirty six, it's originally from Scotland, lives in London
with her husband Angus, and she was born without a uterus.
And two years ago she had a match with her
sister and they carried out all the medical checks in

(01:30:36):
advance and they had counseling. Her sister had already had
a couple of children, didn't want any more, so her
sister Amy donated her womb. It was a successful transplant
and we learned today that Grace has given birth to
a beautiful, bouncing little baby girl two kilos, who she
has named Amy, after her sister. So it's not a

(01:30:58):
world first. There have been other bay he's born this
way in other countries, but it is the first in
the United Kingdom. And the pictures today in the papers
just will bring tears through anyone's eyes listening to the
family's story and the friendship and obviously an amazing relationship
between two sisters. Good luck to them all. It's a
wonderful story.

Speaker 4 (01:31:17):
Yeah, pretty cool. Now Stama has gone to the land
Drover factory. This is the one that's paused all the
exports for a month. Just a white and sea pause
at the moment of the terrorists. What exactly has he
found out there or what was he there for?

Speaker 9 (01:31:31):
It was all about messaging. Really, I've never seen a
prime minister stand on a production line. He literally spoke
as vehicles were moving under the production line behind him.
So range Rovers they sell very very well in America.
I mean they're a luxury vehicle that cost a lot
of money. Range Rover Sport, Range Rover Discovery are the
two most popular brands with Americans, and range Rover, the

(01:31:54):
parent company Jaguar Landrover have decided to pause exports for
one month. Now it takes twenty one to get a
shipment of vehicles sailed from the UK to the United States.
So I think what they're trying to do is just
maybe buy some time or just kind of wait and
see what is going to happen, because the wind seemed
to be changing every ten minutes with these tariffs and Trump,

(01:32:16):
but it is making a mistake. A huge industry for
the UK and has been battered because of Brexit, and
now they've got all of this. The most recent figures
we have last year, one hundred and one thousand units
of all vehicles were sold from the UK to the
United States. It's an industry worth about sixteen and a
half billion dollars to Britain's economy. So Starmer's messaging really

(01:32:40):
was to just show people that the production lines are
still moving and he called for calm heads. But there
one didn't seem to be any plan.

Speaker 4 (01:32:49):
Well that's the problem. No one knows what the future
holds it, so it's had to have a plane, isn't
it that that's part of the problem. Yeah, Hey, Charles
and Camilla land in Italy. Sorry, I should say, the
King and the Queen landon Italy a head of the
twentieth anniversary winning anniversary tomorrow. But is there still no
visit for the Pope as them.

Speaker 9 (01:33:08):
Yes, so that's off the table. It had been initially planned,
but the Pope is in such frail health that Charles
has decided that out of respection, he'll just let them recover.
So what they're doing, it's a two city vacation if
you like. It's a four day state visit. So they
will go to Rome and Charles will become the first
ever monarch to address both houses of Parliament in Rome,

(01:33:31):
so that's a big honor. There is a meeting with
Georgia Maloney, the Italian Prime Minister, and I'm guessing Charles
will be talking privately about trade and tariffs and Trump
because Maloney in Europe is viewed as the Trump whisperer.
He admires her. They get on and the Italians obviously
have a very strong relationship with the US as well.
And then he will head to Ravenna, beautiful Italian city,

(01:33:54):
and they're going to go there to mark eighty years
since it was liberated from the Nazis. And then tomorrow
Charles and Cammilla are twenty years married tomorrow, would you believe?
So what a way to spend it in beautiful Italy.

Speaker 4 (01:34:06):
Absolutely. What's yours sense on what the EU is going
to do about Trump? You know, obviously they've made sort
of a threat, they said we want to do a
zero for zero deal. That didn't hear eck or it
wasn't responded to. So what do you think the Knicks
move is.

Speaker 9 (01:34:21):
I think they will match him reciprocal tariffs. I think
that is the next thing from the European Union. The
French and the Germans are very strong on this, but
I think, you know, outside of the European Union we've
got splits, so Britain won't do anything. I think I
can't see Starmar wanting to antagonize him. We're dangling the
carrots here of you know, state visit, a second trip

(01:34:43):
from the President. No one's ever had that before. I
think what you'll see from the UK is bending over
backwards to keep him sweet. Whatever Trump wants he will
get from Starmar. But I think the European Union will
play hard ball as the Chinese are doing, and it'll
be a case of who blinks first, but I mean,
God help anyone who's retiring in the next few weeks

(01:35:03):
from months, check out your investments. I mean I looked
at stuff I have yesterday and it was an absolute
blog buf and I think everyone's in the same bolt now.

Speaker 4 (01:35:12):
And appreciate your time in the Brady Are UK Correspondent.
It is ten away from seven News Talks MB.

Speaker 1 (01:35:17):
It's the Heather too for see Alan Drive Full Show
podcast on iHeartRadio powered by News Talks EBB.

Speaker 4 (01:35:25):
News Talks MB has just gone seven away from seven now.
If you like me and you, I mean, we interview
a lot of teachers, and we have a lot of
unions on this program, and they always say the big problem,
and we have them again today coming out with a
press release saying we've got more children who have how
do you put it, attention deficit disorder. They have all

(01:35:46):
these sorts of conditions and it's very hard if you're
a teacher to try and can control a classroom. And
I can understand why that's difficult, and so therefore we
need more resources and we need in the case of
today's press release, eleven thousand teacher ades. And you sort
of think, why have we suddenly got all these children
who have got all these problems. Today, there's a study
out it's actually a study of studies, one of those

(01:36:08):
meta studies, two hundred and two earlier studies involving more
than fifty six million mother child pairings. And what it says,
it doesn't say that one causes the other. But what
it says is interesting. So mothers who have diabetes while
pregnant twenty eight percent more likely to be the child

(01:36:29):
is twenty eight percent more likely to be diagnosed with
a neurodevelopment disorder. Now autism, the risk increases twenty five percent,
for ADHD, thirty percent, for intellectual disability thirty two percent.
They can't say that diabetes that and it's not gestational diabetes,

(01:36:53):
by the way, it's diabetes you get, you know, before
you're pregnant. They can't say that diabetes causes autism and
diabetes and the mother causes autism in the child. They
can't say that. But they look at the numbers and
they say, that's odd, you know. So that's basically what
they're saying in this research at the moment, that is odd.
That is some kind of trend. And if you look

(01:37:15):
at the rate of and incidents of diabetes, and I mean,
look at it in New Zealand. It's going up. It's
like they call it the new tidal wave of health problems.
So is there a link between that and autism? Well,
I don't know that there is, actually, but there's definitely
something some correlation going on. Diabetes affect nine percent of

(01:37:36):
pregnancies in the United States, and in the United States
like here, the incidence is rising. This is according to
the US Centers for Disease Control. So yeah, nothing definitive.
As I say, nothing definitive, but just something that's interesting.
That's of note. I think just coming up to five
away from seven, Ryan Bridge. So what are we going
out to Tonight's tonight? I've got a sad one.

Speaker 26 (01:37:59):
Unfortunately, I've got Denis from Blondie to play us out
tonight because the longtime drummer for Blondie, Clem Burke, has
unfortunately died. He was seventy years old. He had cancer
but kind of kept it private, wanted to keep it
a private battle with cancer, but Blondie have confirmed that
he has passed. Blondie had quite a few light lineup
changes over the years, but Clem was reasonably constant He

(01:38:22):
joined up in nineteen seventy four, right after the band
had been formed, and then I went right through and
the bandmates say that he was basically the heartbeat. He
kind of helped keep them all together.

Speaker 4 (01:38:32):
So Denise to blows out nice nance. Thank you. Thanks
for all your feedback and your text today. I really
appreciate it. And see tomorrow.

Speaker 3 (01:39:02):
How you.

Speaker 13 (01:39:06):
Pretender? Who Daddy? She's befo base all back?

Speaker 2 (01:39:22):
How do today?

Speaker 13 (01:39:27):
Oh Dani did you? I'm in love with you? Danny?
Did you? I'm in love with you, Danny. I'm in
love you, Oh Danny, I'm elvey you, Danny. I'm love.

Speaker 1 (01:40:11):
For more from Hither Duplessy Allen Drive. Listen live to
News Talks a B from four pm weekdays, or follow
the podcast on iHeartRadio

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