Full Show Podcast: 10 March 2025

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:02):
Digging through the Spence Spence to find the real story.
Or here's Ryan Bridge on Heather duper c Ellen Drive
with one New Zealand let's get connected and news talks.

Speaker 2 (00:13):
That'd be good afternoon at is six after four Coming
up on the show, we'll look at this pull from
the Taxpayers Union is putting body cameras on all police
practical how much would it actually cost us to do that?
We're going to Ottawa. The Canadians have got a new
Liberal leader and a new Prime minister. Josie Bucgarni and
trist Sheerson on the huddle today and Nichola willis here
after six. Ryan Bridge question, does anybody seriously think, seriously

(00:37):
think that Chris Hipkins is the answer to all of
our problems, that Chris Hipkins will be the next Prime
Minister of New Zealand. No, it wasn't that long ago,
as in less than two years ago he was in charge.
And remember the country was going to hell in a handbasket.
And for the past year we've been living in that hell,
haven't we. High interest rates, inflation, business is going the wall,

(01:00):
the worst recession in thirty years, blah blah blah. You know,
the story we've lived through it. Luxon is doing all
the right things and hitting all the right issues, cost
of living and now growth. But he's just not that likable,
is he. But that's okay. This is not a beauty contest.
It's an election that he will be fighting in twenty
twenty six. And by then, as I've pointed out many

(01:21):
times on this program, as have others, and for a
long time, foe casts have us back in growth, inflation tamed,
people feeling better, people feeling a bit more upbeat, voters
in a better mood come election time twenty twenty six,
and all of that will help Luxon. Nobody would actually
vote Hipkins back into the beehive. It's just a protest vote.

(01:43):
How crappy the current situation is, which doesn't mean that
Luckson should rest on his laurels. And today how frustrating
another example of his political instincts letting him down. This
time it's again Andrew Bailey. He did something supposedly bad,
although nobody actually really knows how bad, but bad enough
to resign as a minister. And then he asks to

(02:06):
go on leave for two weeks to go hike in Nepal,
and they let him go. Come on, he should have
been made to sit in the back of the house
and take his shame and take his punishment. Letting him
skive off even though he's taking leave just looks bad.
Luxon needs to grow a pair, a bigger set of balls,
and get a bit tougher longer term. The biggest threat

(02:28):
to his reelection is not Chris Hopkins Exactually, if anything,
Donald Trump, if this chaotic trade war continues at the
rate that it has been, global growth will surely take
a big hit and with it a chunk of Luckson's
chances of riding this economic wave back to the ninth
floor of the beehive. Brian brig Chien minutes after four

(02:51):
nine ten is the number to text far Mak. The
boss may have quit a couple of weeks ago, but
the bad news just doesn't stop there. For the Drug
Buying Agency, there's a new independent report. It says patients
are unhappy, they don't feel like they're being listened to,
and I felt like FARMAC lacks respect for their patient representatives.
Paula Bennett is the chair of FARMAC. She's with me

(03:13):
this afternoon. Paula, Hello, Yeah, good evening is there a
lack of respect for patients at Farmac.

Speaker 3 (03:20):
Look, I think just what I've been hearing story at
the airport, you know, but what I've been hearing from,
you know, many of our patient advocates in particular, was
that they found that the relationship wasn't as respectful as
it needed to be. It wasn't transparent, and it wasn't open.
And I wanted to really test into that for hence
holding to consumer engagement workshops for about thirty passion advocates

(03:42):
and listening directly from them. And this report's come out
of that.

Speaker 2 (03:47):
Sarah fit obviously she's gone or she has gone now?
Is that it was that the big part of the
problem or is there a wider management issue with listening
to patients?

Speaker 3 (03:58):
Yeah, it is a bit. I mean, we've got some
fantastic people, particularly those that are dealing on a day
to day basis and genuinely negotiating contracts and trying to
get more medicines, and that's what they're there for. But
I think the organization have to say no more often
than it can say yes. It had become defensive, it
had become insular and looking inwards instead of looking outwards

(04:21):
and instead of proactively having what are really awkward and
uncomfortable and you know, difficult conversations with people when you're saying,
I'm sorry, I can't fund your medicine, but at least
doing that in an open, transparent way is what we
expect and that hasn't really been happening.

Speaker 2 (04:36):
So that's the problem here because it's almost a mission
impossible for FARMAC, isn't It doesn't really matter who's running it,
they are going to say no, hell of a lot
of the time, you can't afford every medicine through every person.
So is this more of a pr problem?

Speaker 3 (04:51):
Look, internationally, we're behind the act. You know, we're not
funding the medicines that our counterparts are. You know, we
all know. You know you would get better access to
medicines than Australia, are a lot of them than you
would in New Zealand. And that is about funding. And
they're seen every cent they get and negotiate hard to
get the best deal so that they can put more
money into medicines. But that doesn't just because it's difficult

(05:14):
doesn't mean you stop listening. It doesn't mean you stop
talking to people, doesn't mean you don't look at the
model that you've gotten had for thirty three years and
question whether it's still for purpose. And this report tells
me that it's not. That we can do things better
and differently.

Speaker 2 (05:30):
The fast track idea, this fast track process for new
medical technologies, how would that work.

Speaker 3 (05:37):
For some of it? You know, we've certainly been questioning
if it's approved in Australia, Canada and the UK, why
are we going through a whole expensive, long process ourselves.
That doesn't mean we're necessarily going to automatically approve it,
but do we have to go through an expensive, drawn
out process?

Speaker 2 (05:54):
Well, do we have that's with it?

Speaker 3 (05:56):
Well, that's that's the question. And we're getting that sort
of kind of advice. It's not something that the chair
of FARMACS should make up. We've got no health background.
It's something that the clinicians need to look at to
make sure, you know, should we Butchert and the ministers
asked that question as well.

Speaker 2 (06:11):
All right, just finally, this culture of view that apparently
has happened but hasn't been released, is that going to
be released? Is that is that your job is chair
or what?

Speaker 3 (06:20):
Yeah, it's certainly gone to the board. We've commissioned a
lot more work to be done, and again, you know
some things have certainly come out of that, So we
need to have a damn good look at this organization
and make some changes. So, yes, I do expect to
be releasing something in the next couple of months.

Speaker 2 (06:37):
More resignations.

Speaker 3 (06:39):
No, that's not the intention. I think we've got well
intentioned people that are looking for strong leadership from both
the board and a new chief executive to see a
different direction and a path forward.

Speaker 2 (06:50):
All right, Paula, thank you very much for that. Paul
have been at the chair of Farmac. Time is thirteen minutes.

Speaker 4 (06:55):
After four Bryant Bridge.

Speaker 2 (06:56):
So that's another report on Farmac. Another report saying basically
not listening and they are actually just a little bit
rude to their patients, which is not what you want
to be. As Paula mentioned, they will never have all
of the money to do all of the things that
everybody wants them to do. But you can, I suppose,
say no with more of a smile perhaps. So Luxen
is off to India. He's just done a stand up

(07:18):
what he's actually doing his postcab at the moment and
said that he's off to India. Shortly he's going to
take the biggest ever delegation a New Zealand Prime minister
has ever traveled with the parent.

Speaker 5 (07:27):
This mission is about stepping it up a gear. And
that's because India really matters to New Zealand. With one
point four to five billion people, it is the most
populous nation on Earth, and its economy is on track
to being the third largest in the coming years. But
despite India's growth and scale, it remains just our twelfth
largest two way trading partner, accounting for one point five

(07:48):
percent of our exports.

Speaker 4 (07:50):
And we need to step it up, all right.

Speaker 2 (07:52):
Well, God be good to see them heading over there.
Everyone wants a free trade deal with India, by the way,
and they're all lining up to get one. And remember
that Trump famously said there's only one negotiator harder or
tougher than him in international politics, and that's Mody. So
good luck everybody. It's just gone fourteen minutes after four
here on news Talks. He b we'll get Jason Pine

(08:13):
with sport next. This text says on the issue of
Bailey going on, it's he's allowed a holiday. Yes, he
is allowed to holiday, but the question is where you
should have the holiday during when the house is sitting.
I mean, remember who else did that to party? Marty
co lead the Debbi Nadi would pack her off to Raratonga.
Did we approve of that? Fourteen after four it's.

Speaker 1 (08:35):
The Heather d Pussy Allen Drive Full Show podcast on
iHeartRadio powered by News.

Speaker 2 (08:40):
TALKSB News Talks EB. Seventeen minutes after four. You might
have heard about this or seen the video on social media.
It was that auditing point in Auckland, say a couple
of weeks back. This is the man who was holding
a metal pole. They initially policed and initially thought it
was a samurai sword, but he was holding a metal pole.
He was threat in police. They tried to come down,

(09:01):
didn't work. He ended up biting, according to police, the
hand of one of the officers. Police then taise him,
so they try a couple of times to work it out,
doesn't work. They then taise him. He then dies. Now
his family are obviously very upset, but there is David
Telly's gotten involved because they want every single police officer

(09:22):
in New Zealand to have a body camera on them
so that this sort of thing doesn't happen again. They
are very expensive things like sure, buying a body camera
is one off expense is not that bad. But it's
storing all of the footage, collecting all of the footage,
all of the legal implication. There's a whole bunch of
stuff that you have to consider when you talk about
body cams for every single cop. So David Telly be

(09:43):
with us after five to discuss that. Eighteen after four
now station plans here. Good afternoon to you. Hello Ryan,
So was it worth staying up for last night?

Speaker 6 (09:52):
Well, I mean inevitably no, but no, Look, I think
you know India deserved to win the game. There's no
way of getting around that. I just wonder about New
Zealand's approach to it in terms of selection, Ryan. They knew,
I think fairly early in the piece that Matt Henry
probably wasn't going to make it. They went like for like,

(10:14):
brought Nathan Smith and as a seam bowler only bowled
two overs. India have been playing in Dubai for the
last month and have played four spinners in every game.
As it happened last night, thirty five of the forty
nine overs we bolb with spin over. So I reckon
you could have left Nathan Smith out, maybe stiff in
the batting up a bit with Mark Chapman or even
Devin Conway, but hin INSIGHT's a wonderful thing. I don't
think it would have changed the change the result, but

(10:35):
I just thought it was an interesting little selection decision
they made at the start of the game.

Speaker 2 (10:40):
Yeah, the Super Rugby season those going fantastically, isn't it?
How good?

Speaker 6 (10:45):
Apart from the fact you've got to scroll all the
way to the bottom to find the Hurricanes, which is
a little bit problematic in my part of the country,
I think it's tremendous. I mean across the weekend, you know,
we had upsets again, the Blues losing to the Brumbies,
the Chiefs who hadn't lost at all losing the Fiji,
and Drewer My Hurricanes going down to Morena Pacifica. There
are three Australian sides in the top six at the moment,

(11:06):
and really from week to week, from game to game,
you don't know who's going to beat who. Which is
I think the bead rock of any good sporting competition.
So look, who knows whether the New Zealand teams will
end up rising to the top at the end of
the season or not. I actually don't think they will.
I think this will be one of the more even
Super Rugby competitions we have. I wouldn't be at all
surprised if the likes of the Fijian drewer even more

(11:28):
oner Pacifica and certainly a couple of the Australian sides
find themselves in the in the playoffs at the end
of the season.

Speaker 2 (11:33):
Interesting. That's bad for us, though, isn't it.

Speaker 4 (11:36):
Well?

Speaker 6 (11:36):
I guess if you zoom out it is. But if
you just look at Super rugby as an entertainment product,
I think is great for the competition. I'm sure the
All Blacks will be okay.

Speaker 2 (11:46):
Right Jason, Thank you. Jason. Find Sports Talk post seven
o'clock tonight, News Talks be It is twenty after four.
Luxon's been addressing at postcap. By the way, the poll obviously,
we're gonna talk to Jordan Williams about that after five,
find out how he's tracking, what are the numbers telling us,
But we'll also bring your reaction from Luxon to his
poll result.

Speaker 4 (12:06):
Shortly checking the point of the story.

Speaker 1 (12:10):
It's Ryan Bridge John here the Duplice Ellen Drive with
one new Zealand.

Speaker 4 (12:15):
Let's get connected and use dogs.

Speaker 2 (12:16):
That'd be twenty three minutes after four. Great to have
you with me this afternoon. I'll get to some of
your texts in just a second. So Luxon has been
doing his postcab Press said this afternoon. Has been asked
obviously about the poll from the Taxpayers Union. It's got
hipkins ahead of him, it's got labor ahead of him,
so it's not a great picture for him off this
one pole, although there have been a few. Now this

(12:37):
is how he responded, Well, I just say to you, look,
I never have obsessed too much on poles, as you
know when we've talked about them in the past, and
it's the same position.

Speaker 5 (12:47):
I'm here to do a job, and the job is
to turn New Zealand around. The job is to get
our economy sorted. It is to restore or in order
to live a better health and service, health and education,
and that's what we're focused on. So I think me
talking about myself and poles isn'tarticularly helpful. I think what's
actually really important is getting into the work and fixing
things and getting things sort of for keiwiks.

Speaker 2 (13:06):
So there you go. I suppose that's part of the course.
That's the standard response from a prime minister who's had
a bad poll. What about the issue with Andrew Bailey.
This is the thing that sort of a wound mean today,
So Luxon himself has to sign off. If you've got
him well, he was no longer a minister, but an MP.
Who wants to take leave, especially when the house is sitting,

(13:27):
then that has to be signed off by the boss,
and that is the Prime Minister. So a couple of
days after Bailey quits as a minister, he asked for
some leave and the Prime Minister signs it off. He's
what he had to say.

Speaker 5 (13:40):
Yes, yes, I think it's appropriate that after a big
decision like that that he's allowed some time out to
clear his head. It's not the thing that I would
be doing going to base camp. It's I might choose
to do it in a different way, but the bottom
liners look each their own and it's important that he
has some time to clear his head and that's entirely appropriate.

Speaker 4 (13:57):
I don't know about that.

Speaker 2 (13:58):
I think there'll be a lot of people who go
I mean, it's look, it's not the biggest issue in
the world today. Let's be clear about that. But I
think a lot of people will go, ah, you're stuffed up.
You know, yes you resigned, but then you should just
sit there on the back and take your punishment, you know.
Skiving off to Nepal for a hike for a couple

(14:18):
of weeks probably won't go down well with a lot
of Kiwis. I wouldn't think twenty five after four, Ryan Bridge,
So the banker Mark Karney, who is taking over the
Liberal Party and then the Prime ministership. We're going to
talk to an expert out of Canada about this after five,
because it's fascinating. You know, a couple of months ago,
we even a couple of weeks ago, it didn't look

(14:39):
like the Liberals were going anywhere, look like they were
going to be turfed out of office. Well as they
tried to get a fourth term. Well that's all changed,
thanks and part two Tudau leaving, but also to Donald Trump.
So we'll look at that after five. Lots of feedback
already on this call for body cameras for all police officers, Ryan,
if you threaten the police with a weapon and a

(14:59):
sol an officer by biting them, then honestly, what do
you expect Ryan, don't the tasers already have cameras on
the mass bill bill, It's a good question. The old
tasers apparently did have cameras on them. The new ones
that we've bought don't. So that's why this issue is
rearing its head because they don't. And even if they
do have the taseres, it's the storing of all the

(15:20):
data and the videos and stuff like that. Lots of
feedback on that one. So we'll talk to Dave Lataley.
He's the one that's spearheading this petition calls for police
to all be body cameraed up the wazoo. He's with
US after five as well. Look at that pole with
the Taxpayers Union. They've got the numbers for US. US
talks big backing.

Speaker 4 (15:43):
Some army tram, some.

Speaker 7 (15:49):
Dream, Yes, Homy Dream.

Speaker 4 (15:59):
I'm on a buy mmy Jay.

Speaker 1 (16:07):
After making the news, the newsmakers talk to Ryan first.
It's Ryan Bridge on Hither Duplicy Ellen drive with one
New Zealand let's get connected.

Speaker 4 (16:18):
News Talks ed B.

Speaker 2 (16:19):
I think guy left him somewhere.

Speaker 4 (16:21):
Are no longer go and I want you run away.

Speaker 2 (16:25):
Now you have twenty five minutes away from five News Talks.
D b after five to thirty in rtound you might
have seen this story about a spike and homelessness. Homelessness
up fifty three percent. I think, my goodness, that's terrible.
How reliable are those numbers. We'll look at that after
five thirty tonight, now twenty five away from five, it's the.

Speaker 4 (16:45):
World wires on News Talks dB drive to Canada.

Speaker 2 (16:50):
Mark Carney, the banker. He will be the next prime
minister there. He's taking justin to those seat. Canadians will
head to the polls shortly. Canney will need to fight
off the Conservative Party, of course, and he'll do that
by bashing Donald Trump. We didn't ask for this faith.

Speaker 8 (17:04):
The Canadians are always ready when someone else drives the gloves,
so the Americans.

Speaker 2 (17:10):
They should make no mistake in trade.

Speaker 8 (17:12):
As in hockey, Canada will win.

Speaker 2 (17:17):
To Australia, Alfred is moving through the southeast Queensland and
northern New South Wales now, the premier saying it's basically
weakened but still some flash flooding.

Speaker 9 (17:26):
We are making sure that we put out those major
flood warnings as they come to hand. Now that there
are creeks where we're advising people just to stay connected
and stay stay alert.

Speaker 2 (17:38):
We'll have more from Australia correspondent to Oli Peterson with
US shortly. In fact, there's some late breaking news on
the terror suspects over there too. We'll look at that
finally this afternoon.

Speaker 10 (17:49):
These allow needs introduce Mama Be.

Speaker 2 (17:54):
A personal finance company. Don't know why they're involved, but
they have ranked the fifty US states from most to
least sinful. The study looked at fifty four indicators of
a moral behaviors, including violent crimes, alcohol use, and gambling. Naturally,
Nevada was the most sinful state because that's where Vegas
is of course, closely followed by California, where Los Angeles

(18:16):
is located. Idaho, New Hampshire were the least sinful states.

Speaker 1 (18:22):
International correspondence with Ends and Eye Insurance Peace of Mind
for New Zealand Business.

Speaker 2 (18:28):
Twenty three to five now Olipedson six pr Perth Life
presenters with us only Good afternoon, Ran, Good afternoon. What's
the story? Police rating some Sydney properties. This is the
investigation into the caravan terra plot.

Speaker 11 (18:40):
Yeah, you'll remember this back in January when this was
discovered by New South Wales police and there were directions
found in this caravan about the location of the Jewish
Museum in Sydney and the Great Synagogue, with signs saying
if the Jews. At the time, Chris Mean's, the New
South Wales premier, described this as you said, this incident
is terrorism. As we talk this afternoon, raids are been

(19:01):
carried out across Sydney by both federal and state police
investigating those organized crime links.

Speaker 12 (19:07):
That's all the information we have at the moment.

Speaker 11 (19:09):
I'm sure that police will be providing more intel on
that this afternoon.

Speaker 12 (19:13):
But you do wonder exactly.

Speaker 11 (19:16):
Who has been involved in this and the people who
were arrested on the investigation were charged over the caravan
plot earlier in the month, whether this is their family
members or whether these are people as known associates.

Speaker 12 (19:28):
They're saying they have criminal links, and I'm sure we'll
discover more shortly.

Speaker 2 (19:32):
Okay, let's talk about Alfred for a second, because it's
basically the worst of it is over, is that fear?

Speaker 12 (19:38):
Yeah, the cyclone of itself, the worst of it is over.

Speaker 11 (19:41):
But the Lochier Valley, for example, which they've described as
the inland tsunami, is facing now some flash flooding again.
This was claimed the lives you may recall back in
twenty eleven of about twelve people. The main street of
the town of Laidley, which is about an hour west
of Brisbane, is now underwater. Flash flooding is hitting Ipswich,
which is another major concern. They've also got issues in

(20:03):
northern New South Wales around Clarence Richmond Tweed rivers. Dozens
of sees warnings in place along those rivers, so obviously
everybody watching as well. All these river banks burst and
we'll have a repeat of what we saw back in
twenty eleven. So major flood warnings are in place in
lots of Southeast Queensland, northern New South Wales. We had
a man die on Friday who has swept into the
flood waters in northern New South Wales. Obviously all the

(20:26):
schools pretty.

Speaker 12 (20:26):
Much in the area are closed.

Speaker 11 (20:28):
Thirteen people were injured in a crash of two Australian
Defense Force vehicles near Lismo.

Speaker 12 (20:32):
They're expected to.

Speaker 11 (20:32):
Make a full recovery, but look, it is chaotic, so
the rain may have pretty much disappeared for the moment.
All the worst of the actual cyclonic conditions or ex
tropical cyclone have dissipated.

Speaker 12 (20:42):
It's the flooding that has got everybody on very high alert.

Speaker 2 (20:45):
And what about Elbow's chance has nothing to do with
the flooding, of course, but to the local elections out
your way.

Speaker 12 (20:53):
Yeah, well it's a little bit of the flooding.

Speaker 11 (20:54):
You know what, I think you'll see the pitches over
the weekend. You remember back in the nineties when John Howard,
the former Australian Prime Minister, always used to march around
in his Australian rugby track seit you remember those pictures, right, Yes,
well there you've got Albow walking around in the Australian
cricket track suit and I just, you know, commented to
a few of my colleagues.

Speaker 12 (21:12):
You know, he's trying to do a John Howard here.
But look over the weekend.

Speaker 11 (21:15):
On a more serious note, we had the Western Australian
election where all of a sudden, you need thirty seats
in our fifty nine seat parliament to govern and the
Labour Party give you an example here, the Labor Party
had such control that the Libs were decimated to.

Speaker 4 (21:27):
Just two seats.

Speaker 12 (21:28):
Four years ago, we've just had the state election.

Speaker 11 (21:31):
There's still counting going on the Libs congratulations have more
than doubled their seats to five, but it looks like
they won't do much better than that.

Speaker 12 (21:37):
I mean, that is a horrible result for the Liberal Party.

Speaker 11 (21:40):
So if you are Anthony Alberanzi today you have got
a smile from ear to ear because look, the opinion
polls today are still looking like a hung parliament federally
whenever he calls that.

Speaker 12 (21:49):
But in Western Australia, which was expected to really.

Speaker 11 (21:52):
Fall and go hard for Albanesi, he would look at
that state election result over the weekend and think, I mean,
with a real chance here of holding all the seats
that he gained in Western Australia and maybe hold on
to minority governments if he is to win the federal election.

Speaker 2 (22:07):
Fascinating stuff and interesting the suburb breakdown, the inner versus
out of suburbs. Basically the further you drive from Perth,
the more they don't like elbow right absolutely.

Speaker 11 (22:17):
And there's the live cheap export industry which is being
phased out that hits Western Australia really hard.

Speaker 12 (22:22):
So that's something which is interesting.

Speaker 11 (22:24):
But out of the results here in Perth, just quickly
over the weekend while there was a big swing against
the incumbents, the Labor Party.

Speaker 12 (22:30):
Everybody's going minor parties, not just Greens.

Speaker 11 (22:32):
They're looking at independents, they're looking people from the left,
right out party. They're just getting off the majors. And
that is a theme that's been running in Australian politics
for some time. It's really gaining traction and momentum.

Speaker 2 (22:43):
Fascinating stuff. Thank you so much for that, Oli Peterson,
six pur Perth Live. Presenter time is nineteen minutes away
from five. You're on News Talk c B. It's interesting
because the Australian election I thought last year was going
to go Dutton's way, but now it's sort of it's
a little shaky, little up in the air. As for
the Canadians, I mean, that is quite shocking, but it

(23:03):
just goes to show that when things change, you have
to reevaluate, don't you. I mean with Trump coming along,
and then it's basically because the Conservatives over in Canada
they're just not going hard enough against Trump and they
see them as too aligned with his you know, his
way of thinking like a little lap dog. So they're
potentially going to give the liberals there a fourth term

(23:27):
after three of trudeau eighteen to five.

Speaker 1 (23:29):
Politics with centrics credit, check your customers and get payment certainty.

Speaker 2 (23:34):
News talks, he'd be sixteen and now fifteen away from
five high. Ryan, the poll is hard to fare them,
Crime down, education and proving costs of living down. What
do people want Barry's soapers here? They want Barry Soaper,
Senior political correspondent Hay Baz.

Speaker 13 (23:48):
I'll tell you what Chris likes going to be earning
his money this week. I've got to say, Ryan, because
you know he's got this investment summit he's got to
appear at and then he's off to India with the
largest delegation that New Zealand has taken away. It's a
business delegation. A lot of Indians will be on it
in New Zealand Indians and they'll be trying to conjure

(24:10):
up business there. And don't forget Chris Luxon did say
that in the first term of his government he would
hope to have a free trade agreement with India. One
point four five billion people, the most populous continent on Earth.
So that's a big ask. And I've been to India
on a number of occasions with various prime ministers. I

(24:32):
went there with John Key was the last time I
was there, and he was looking forward to a free
trade agreement with India as well. Very hard to get.
Dairy is a big problem in India, which is for
obvious reasons. So you know, we only export at the
moment one point four five percent of our exports to Indias.

(24:54):
So it's a very important trade trip and let's hope
they could pull it off. Tom mcclay's been there on
a number of occasions. Winston Peter's been there. Labor I
don't know whether they ever went there during the final
three years of the Labor government.

Speaker 2 (25:09):
Well that didn't really go anywhere.

Speaker 13 (25:10):
No, it's back on the agenda, and I think that's
a great thing.

Speaker 2 (25:13):
No, I think it's a great thing. Too interesting that
it's going to be the third largest economy in the
world shortly because Germany's on the decline and on the
app now this poll let's talk about them.

Speaker 13 (25:22):
Well, what a bloody nightmare, isn't it for Luxen He
just can't get traction. And it's really interesting. And I
went back over prime ministers and where they would be
at during their terms as prime minister. At the stage,
we looked at Helen Clark, who could never poll. When
she was in opposition, she was always called miss three

(25:45):
percent I think. But when she became prime minister. For
the nine years she was prime minister, she had an
average rating of sixty four percent. It's preferred prime minister,
John Key saying for the seven years he was prime
ministers to sixty four percent average and poor older Chris
Luxon is right down there behind now, behind Chris hipkins

(26:10):
On in the twenties, in the early twenties. And the
problem for them is that if they had an election now,
which of course we won't be fortunately, but if we
did have, the center right would not be able to
form a government, even with New Zealand first, So we'd
be looking at the Labor Party, the Greens and the

(26:30):
Maldi Party, God forbid, and that's what we'd get.

Speaker 2 (26:33):
But that's not to say that's what would happen, is it.
I mean, this is a pole, This is asking what
how do you feel? Is this a protest vote against
how people are feeling in the economy, etc. Or is
this totally it's not a I will vote for hipkins.

Speaker 13 (26:47):
No well preferred prime minister. Who would you prefer as
being Prime Minister. I mean, Hipkins has been out there
a lot, but I'll tell you what I thought luxA
was quite realistic when he was asked about it just
now at his news conference. The ratings aren't good, but
he says he's a realist.

Speaker 5 (27:02):
New Zealanders are expecting this government, and they voted for
this government to fix the economy. And when you've gone
through a period of time of extended inflation, where the
cost of living has been out of control, where life
is tough in getting through from shop to shop is
incredibly difficult for people in each of their weekly expenses
that they have to incur.

Speaker 4 (27:20):
That is a real, real.

Speaker 5 (27:20):
Challenge if the New Zealanders are going to have an
opportunity in twenty twenty six to make a decision around
Chris Hipkins or myself and our respective governments. And what
my job is to make sure is that New Zealanders
can see that they are better off under my government.

Speaker 13 (27:34):
And that's what it will come to in the end,
that decision. But we're a long way off it yet.
There's a lot of political water to flow under the bridge.
So we ain't heard the last of Chris likes and yet.

Speaker 2 (27:46):
Certainly not now the grands Tamatha Paul has said something
about prisons. What's she's saying?

Speaker 13 (27:51):
Very well, she's now expressed regret. She went on TikTok
saying this. But the thing is that you know she
is a member of parliament. She used to be a
Green councilor with the Wellington City Council and the last
election she got into parliament. This is what Paul posted
to her followers on TikTok.

Speaker 10 (28:13):
A lot of people are saying, oh my gosh, people
in prison get fed better food.

Speaker 14 (28:16):
Have you been to a prison?

Speaker 10 (28:17):
I just want to tell you, first of all, the
vast majority of people who are in prisons are therefore
nonviolent offenses, so things that they've had to do as
a response to poverty, such as stealing food or being dishonest,
or they don't have an address to get community sentencing
or bail, so they have to be in prison. I

(28:37):
think this comparison is really unhelpful, especially because most of
the people that are in prison, they're being punished for
being disabled, They're being punished for being Paul, They're being
punished for being body.

Speaker 13 (28:49):
She has just out to lunch and that was made
by the Corrections Minister. That observation Metchell, Mark Mitchell. But
if you look at as I did that look at
the Correction's latest survey for December twenty four, the top
three categories of people in prison, twenty point seven percent

(29:14):
are there for sexual assaults, the twenty over twenty percent
they are there for causing injury to other people, and
the ten percent that drops back to ten percent are
there for burglary with intent. No, it's intent to obviously
incur some injury to whoever's being burgled. So to say

(29:38):
what she said, you'd wonder where this woman was certainly
not in Parliament, not one of our representatives.

Speaker 2 (29:46):
Please very Sofa Senior political correspondent here on News TALKSMB
nine to five will look at that pole a little
closer with the Taxpayers Union after five o'clock, digging.

Speaker 4 (29:57):
Into the issues that affect you. The breakfast.

Speaker 14 (30:00):
Here is why it really doesn't matter this Hipkins reshuffle.
It was announced on Friday. The environment called is used
not by those people but by third parties. We go
we'll hold on as a wetland. There I need an
argument about it.

Speaker 4 (30:11):
Yeah, we've seen a range of objections.

Speaker 14 (30:14):
Just to explain wa Western Australia. The expectation on Saturday
night was it was all on big swing coming and
they're going to pick up a whole bunch of seats.

Speaker 4 (30:22):
Didn't happen.

Speaker 12 (30:22):
I address your ass like the numbers on a house,
how other numbers on a house.

Speaker 14 (30:26):
I don't know what your numbers on a house are.

Speaker 2 (30:29):
I don't want to dress your ass.

Speaker 14 (30:30):
Back tomorrow at six am, the mic asking breakfast with
the rain drove of the laugh.

Speaker 2 (30:34):
News Talk zed b and it is six minutes away
from five here on News Talk said big, great to
have you with me this afternoon. We'll get some of
your feedback in a second. But back to Canada very briefly,
so Trudeau obviously is seea later and the new the
bankers in town. This is the will be new Prime
Minister Mark Carney anyway, so Trudeau has his goodbye moment.

(30:56):
He didn't mince his words when he talked about the
friction that kept Ottawa has with the Washington At the moment.

Speaker 15 (31:02):
As Canadians face from our neighbor, an existential challenge, an
economic crisis, Canadians are showing exactly.

Speaker 13 (31:14):
What we are made of.

Speaker 2 (31:19):
Yes now after justin Mark Carney took to the stage
and he had a crack and this is important what
he is trying to do. He had a crack at
Donald Trump as well. Have a listen.

Speaker 8 (31:28):
He's attacking Canadian families, workers and businesses and we cannot
let him succeed.

Speaker 12 (31:37):
And we won't.

Speaker 16 (31:38):
We won't.

Speaker 2 (31:39):
This is the difference between the two parties now. The
Liberals are trying to say with their new leader, Mark Carr,
and they're trying to say those Conservatives they are a
little too much like Donald Trump, aren't they, And they
are bending over to him basically, you know, they're not
being hard enough on Donald Trump. I'm here, I used
to run the central bank here, I used to the

(32:00):
Central Bank in the UK, and I'm going to tough
talk Donald Trump. I'm going to get those tariffs down.
That is the approach from this new Liberal leader, this
new Prime minister. And they reckon he'll probably go to
the polls straight away as soon as he gets in
because he doesn't have a seat in the House. He's
basically going to get in once he's sworn and goes
straight to the polls. The rit time is I think

(32:21):
thirty seven days, so by this time next month. Certainly
by the end of next month they would have had
an election in Canada, and he is very much hoping
that he'll ride that wave, that momentum to a fourth term,
potentially for the Liberals over in Canada. Time is four
minutes away from five now. He's staying with Trump just
very briefly. He has spoken about the fact that he's

(32:44):
not saying they'll go into a recession in the US,
which of course we care about because when they sneeze,
we shiver. But he said that it's possible. Have listened.

Speaker 10 (32:53):
Look, I know that you inherited a mass and you
say the other be here. Fo are you expecting a
reception this year?

Speaker 17 (33:00):
I hate to predict things like that. There is a
period of transition because what we're doing is very big.

Speaker 4 (33:08):
We're bringing wealth back to America.

Speaker 17 (33:10):
That's a big thing, and there are always periods of
it takes a little time. It takes a little time.

Speaker 2 (33:19):
Yeah, well, let's hope not. It is the world's biggest economy.
There are some predictions out there they'll contract in a quarter.
One of course, two quarters a beer recession. Fingers crossed it.
Quitter news for the rest of US news talks at Benet.
You can get to you from.

Speaker 4 (33:42):
Travel talking, can go to all this lame night.

Speaker 18 (33:49):
Talking questions, answers, thanks analysis, the Drive show you trust
for the full picture.

Speaker 4 (33:59):
Brian bridge On, Heather Duplicy Ellen Drive with one New Zealand.
Let's get connected news talks that'd be.

Speaker 2 (34:06):
Good even at seven after five. Big story today, of course,
is this Taxpayer Union Courier poll question? Is this far
from an election? Should anyone really care? The numbers are
the Nats half a point behind Labor Luxon has dropped
below Chris Hopkins in terms of favorability act the Greens
New Zealand first all down while the Multi Party is
up two points to six and a half percent. Taxpayers

(34:28):
Union executive director Jordan Williams is with me tonight, Jordan,
get a good ryn. Is this a trend? Is this
something you start to freak out about?

Speaker 19 (34:38):
Well, I don't freak out about it. I don't have
a pony in this in this race. I run a
humble tax.

Speaker 2 (34:43):
Pat don't mean you, I mean, I mean, if you're
on the ninth floor, do you start hitting panic stations?

Speaker 19 (34:50):
H Well, certainly things have got to start getting urgent
because it is not as you say, it's the trend.

Speaker 4 (34:58):
You know, it does a pole matter this far?

Speaker 19 (35:00):
Of course it doesn't, but it does give you information.
And the information is is that the current trend or
the current direction the government is on isn't finding favorite
with voters. And I would argue that is because you know,
the key sweetener that the NATS offer is credible economic management.
And whilst they've certainly conservatively managed the economy, I would

(35:24):
argue they haven't done enough heavy lifting last year to
actually see the effects of a we'll see a better
economy and you know, the New Zealanders to feel that.
I think that this poll should send alarm bells because
we are now only eighteen months away from Christopher lux
and having going having to go to the public to

(35:47):
ask that, you know, reagan fundamental question, do you feel
better off than three years ago?

Speaker 2 (35:53):
Isn't there right now?

Speaker 4 (35:55):
That answer is known?

Speaker 2 (35:56):
But isn't that the problem for Hopkins as well? People
will go, well, how do I feel last time I
saw that guy? You know, which is probably not great.

Speaker 19 (36:05):
Yeah, I'm in Towering at the moment. I've spent a
day with some donors and I'm at the Popoma Ratepayers
Group tonight and everyone said to me, and what I'm
expecting tonight is how on earth can people forget how
bad it was or how the last government mismanaged the economy.

(36:25):
I think what you have to remind people is going
the information the average voter is running on is not
an intellectual framework like that. It's how hard is it
for me and my family right now? And the problem
we've got is that right now New Zealanders are doing
it tough and the government, I would argue, have not

(36:48):
delivered the macroeconomic reform we need to get the economy
back on track.

Speaker 2 (36:53):
Jordan, thank you for that. Jordan Williams, executive director the
Taxpayers Union. Time is ten after five. Of course a
lot of people will argue you haven't had any time
to make the changes to get the the you know,
make a difference in people's lives. Yet certainly that's what
people are telling me on the text machine right now.
It has just gone ten minutes after five. Shave Itali's

(37:13):
launched a petition calling for all police officers across the
country to wear body cameras while on duty. Comes after
the death of a man who was pepper sprayed last
Sunday trying to flee police. Video went viral on social
media and investigation under way at the moment. His family
have accused police of attacking him unnecessarily. Dave tell you

(37:34):
the community leaders with us tonight. Hi Dave, Hey, Ryan,
thanks for having me. How is your petition going?

Speaker 16 (37:41):
Yes, so far, so good. I think it's almost around
ten thousand signatures. And we just got to keep pushing forwards.
You know, so soon people forget about this, but we can't.
We've got to keep pushing.

Speaker 2 (37:51):
The video looks bad, no denying that, but a lot
of people would say, well, you know, you go after
the police, your wave weapon around. I mean, there's going
to be consequences.

Speaker 16 (38:03):
Yeah, but I mean I'm not here to argue that
what happened leading up to it, But the fact is
there was an excessive use of force.

Speaker 13 (38:10):
Ryan.

Speaker 16 (38:10):
I saw the body today and I'd hate for that
to be my son making a mistake and jumping in
occasion of It's horrific. The injuries is being literally torn
apart from from head to toe, and you know, and

(38:30):
these these body cams, I mean, it's not just for
the safety and the accountability for the public, but it
also keeps the police safe. So I mean, it's just
it's just a no brainer. There's so many unanswered there's
there's no one's answering any questions on the family, and
it's just it's just such it's I mean, their life
was wasted, you know, it's.

Speaker 2 (38:51):
There's no doubt, it's a tragedy and somebody is We
don't know how, we don't know what the cause of
his death was. Yet all of that stuff. Police were
also into in this, right.

Speaker 16 (39:01):
Yeah, run and look, I don't want to, like I
put this petition down and then I quickly put another
post down on my Facebook saying this is not about
bashing the police. We work alongside many great police officers
with our work and BBM and also with Grace Foundation
as well as Corrections. It's not about bashing the police
at all, but it is about like it's just about
time we have to have this, and the way our
society is going, I think this is going to be

(39:21):
more more regular thing. So it's just something that we have.

Speaker 2 (39:25):
To do, we have to invest in, all right, Dave, Well,
I appreciate you coming on the program. Thank you very
much for that. David to Telly, who's a community leader
in Auckland, it's twelve minutes after five, Brian Bridge. You're
a new talks here, b we'd love to know your
feedback on that. Nine two nine two is the number
to text. The reason, by the way, that the police
haven't got body cameras on them at the moment. They
did have on their old tases, and they've upgraded just

(39:46):
recently to new tases that don't have cameras in them,
and a lot of in the United States, a lot
of the particularly smaller policing districts, are stopping the use
of body cameras because it's so damn expensive. You've got
not just buy the cameras to begin with. That's actually
the easy part. It's storing all of the data, storing
all of the videos, and you've got to have it
as evidence for years and years. All of that stuff

(40:09):
becomes quite expensive. So that's why at this stage our
police don't have body cameras on them, though police, so
they are looking at it constantly, as you can imagine.
Nine nine two is the numbers text just gone thirteen
minutes after five. Winston Peters is off to the United
States for a visit. He's going to meet with Marco
Rubio it's been announced today he's going to meet with
members of the Trump administration. You can beat your bottom dollar.

(40:31):
He'll be talking about trade, but in his release he
says he's going to focus on Ukraine, on Gaza, and
on China and the Indo Pacific. So last week was
the week of resignations. This week is the week of trips.
We've got Luxon off to India, We've got Winston Peters
off to Washington, and we've got Bailey off to Nepal

(40:52):
to climb Everest Base Camp thirteen minutes after five News Talk,
said Biver in Canada. Next, if you're running a business,
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(41:38):
vans out and about from coffee shops to multilocation corporates.
Speedy Signs handle it all. Call eight hundred Speedy or
visit Speedy Signs dot co dot NZ five seventeen here
on News Talk CB former Canadian and English Central banker, Yes,
the banker has won the Governor. Mark Karney will be
Canada's next prime minister after Tradeaux goodbye and resigned. He

(42:02):
won the Liberal Party's internal leadership election eighty five percent
of the vote, so the party likes him. The question
is will the Canadian people. Here's some of his acceptance speech.

Speaker 8 (42:13):
I know that these are dark days, dark days brought
on by a country we can no longer trust and
we have to look out.

Speaker 2 (42:24):
For each other. Joining me is Rachel Alo. She's with CTV,
the National correspondent covering politics. They are joining us from Ottawa. Rachel, Hello, Hey,
how are you very well?

Speaker 19 (42:36):
Thank you?

Speaker 2 (42:37):
So tell us all about the new leader, Mark Carney.
Who is he?

Speaker 20 (42:42):
Yeah, so, Mark Carney is a former Bank of Canada
governor as well as the former governor of the Bank
of England. He is a relative political newcomer. He doesn't
have a seat in our House of Commons, so he's
not an elected member of parliament yet, but he's kind
of rumored entering into the political for ramped up this
summer into the fall, and then of course we saw

(43:03):
Prime Minister Justin Trudeau resign and within ten days of
that resignation announcement, Mark Carney threw his hat into the
ring and just here in Ottawa tonight has been elected
the next Liberal leader of the Federal Party here in Canada.

Speaker 2 (43:16):
Already you've got the Conservatives coming out and attacking him, saying, look,
they're trying to trick you, the Liberals, trying to trick
you into a fourth term now that Trudeau's gone. Is there,
because he's obviously being the head of the Central Bank
in the UK and in Canada, Is that part of
the strategy to try and push that those economic credentials

(43:36):
for the Canadian voters.

Speaker 20 (43:38):
Absolutely, it is. I think at this current moment, with
this ongoing trade war with the United States, The state
of the Canadian economy and who is best place to
manage it is going to be one of the biggest
ballot questions in our upcoming federal election. I think what
is also behind the Conservative attacks in this country is
what we've seen in the polls. The Liberals under Justin
Trudeau were very far behind the Conservative how to go

(43:59):
to twenty point lead when Trudeau resigned, and over the
last two months since we've seen a real resurgence of Liberals.
They were kind of buoyed by the Liberal leadership race
knew interest in the party that Trudeau was going to
be stepping aside, and some of that was interested in
Carne as an alternative option for those voters who wanted change.
But then this question of who is best to handle
Donald Trump came up and the Paliev Conservatives have kind

(44:22):
of struggled to land their talking points on that one.
So the Conservatives are going full force against Karnee now
because they're seeing this shift, seeing a lot of Canadians
being interested in the Liberals once again, when as of
just a few months ago, it was basically the next
election was Polyiev to lose. So that is kind of
where the Conservatis are coming from in criticizing Karney's credentials
as someone who they've kind of taken aim at, then

(44:44):
he's kind of inflated his involvement in helping Canada through
the global financial crisis back in two thousand and eight,
two thousand and nine, and then questioning his inexperience as
a political leader, which actually in his speech tonight, Karney
took direct aim at Polly Evan, saying, well, I have
experienced in this other than what Polia has. Who is
the Conservative Party leader, has been in the House of Commons,

(45:05):
a member of Parliament for basically his entire.

Speaker 2 (45:08):
Career, So he's an institutionalized politician. I suppose will be
the a tech line. Does this mean we could.

Speaker 20 (45:14):
See direct and Carney is the exact opposite.

Speaker 2 (45:17):
Does this mean we could say the Consider's net come
at hotter against Trump.

Speaker 3 (45:21):
Uh, It's possible.

Speaker 20 (45:22):
I'm really curious to hear where the Conservatives go. We've
saw the Conservatives in the last little while try to
kind of really wrap themselves around the Canadian flag and
talk about this message of Canada first. But Carney has
now put out a clear counter to that tonight, to
being this new slogan of Canada Strong. So it'll be
an interesting battle. We are anticipating now. The federal election
could be called within a week. Carney now has to

(45:45):
go through the transition process to a formally become prime minister.
Once that happens, he will have the power to trigger
an election, which a lot of folks here in Canada
are thinking is the most likely next step. Because he
doesn't have a seat. Why would he go into Parliament,
go into the House of Commons and kind of call
it the fact that he's not elected instead use that
as a talking point to justify to Canadians. Why now

(46:06):
is the time that he needs a strong and mandat
to go to the polls and then see that battle
player between the Liberals and Conservatives, and it will it
just a few months ago. I think is going to
play it quite differently, simmen expected really interesting.

Speaker 2 (46:17):
Rachel, thank you for that, Rachel Alo CTV national correspondent
covering politics out of Osawa and Canada. And that poll
could happen, well, the election, I should say, could happen
really quickly. I think the thirty seven days is the
RIT minimum RIT time. So if he gets in sworn
in next week, let's say, you know, end of next month.

(46:38):
By the end of next month they could have gone
to the polls and they'll be hoping, obviously to have
a fourth term for the Liberals. There twenty two minutes
after five tris Juson and Josie mcganney on the huddle
reacting to all of the day's big news. After five
point thirty and up next you thought Wellington water was
a scandal, Why I've got a bigger one.

Speaker 4 (46:56):
For you, moving the big stories of the day forward.

Speaker 1 (47:00):
It's Ryan Bridge on hither do for see Ellen drive
with one New Zealand let's get connected.

Speaker 4 (47:06):
News talks'd be five.

Speaker 2 (47:08):
Five on News Talks said, be we're all being taken
for a ride. Everybody here has been taken for a ride,
and everyone gets there nickers and a twist about Wellington
water and the root that's alleged to have happened there
and taken place. But the biggest scandal is affecting everyone everywhere.
Road cones and traffic management the bane of our collective existence.

(47:30):
There's a guy in the paper today who and full
credit to this man, Carl Oliver was his name. Just
your average joe living in a col o Sack, quiet,
cold de Sack Street, minding his own business when the
road cones turn up try and take over like some
kind of you know, apocalypse. And so he doesn't oya
and he's like, I'm going to find out how much

(47:51):
this is costing me and how much it's costing all
of us, because he's a you know, want to fix
it in car, he's a ratepayer. Good on you, Carl.
He finds out this is in Lower Heart and I
happen to know the street. It's a colder Sack, small,
little quiet street. No one goes in there. And they
were reselling a footpath, not even the road, the footpath.
So why the hell does traffic management get involved? Anyway?

(48:14):
What does it cost? So the reselling of the footpath
was three hundred and sixteen dollars sixty four. He finds out,
after many months waiting on his o WAA request to
come back, the traffic management four hundred and ninety eight dollars.
So you're paying more for your traffic management than you
are for the actual work that's being done. And this
happens everywhere. Even Wayne Brown can't stop it. And if

(48:37):
Wayne Brown can't stop this, what what hope do we have.
Where is the hope? That's what I want to know.
It's health and safety gone nuts. It's people thinking that
no one is smart enough anymore to drive around. You know,
if you see somebody working doing roadworks or fixing a
utility on your street, are you that thick you can't

(48:58):
drive around them? No, you're not that thick. But somebody
thinks you are. Somebody thinks we all are. And do
you know what that is offensive? I'm offended, and I'm
offended by how much it's costing us. Twenty seven minutes
after find Ryan Bridge, good to get that off the chest.
The Huddle will dissect some of this after the.

Speaker 1 (49:20):
News, recapping the day's big news and making tomorrow's headlines.

(49:51):
It's Ryan Bridge on Heather Do for Sea Ellen drive
with One New Zealand let's get connected news talks.

Speaker 4 (49:58):
That'd be.

Speaker 21 (50:14):
Good evening.

Speaker 2 (50:14):
It is twenty five minutes away from six news talks.
There be Tricius and Josi mcgarney standing by on the
Herald on the huddle rather after six o'clock, we're going
to talk to the Finance Minister Nicola Willis. Obviously there's
a lot of things to talk to her about. Including
this poll, some really crazy rumors going quite far online

(50:35):
about how He's luxe is going to be rolled very soon,
all that kind of stuff. But also an interesting point
that she made. Nicola Willis made to a conference a
couple of months ago about kei We Saver and you
might have noticed over the last week labor has started
talking about Kiwi Saver. Are we going to see an
increase to our minimum contributions? Little tidbit. New Zealand's Kiwi

(50:59):
Saver collectively worth just over one hundred billion dollars since
we introduced it back in what two thousand and seven. However,
in Australia their pensions worth four trillion dollars now. Obviously
they've been paying into their for a lot longer and
their rates are a lot higher. But we have a
long way to go to catch up. So is that
something that the government's going to look at potentially for

(51:21):
the next election? Nikola Willis here after six is twenty
three too. Bryan Bridge Orcer Council's Community Committee has sent
a please help let it to the government after increasing homelessness.
That comes after stats were released from them showing the
number of homeless people in the city that's those who
are living in parks or in cars are on the
street was up by fifty three percent between September and December.

(51:46):
Angela Dalton's the chair of that committee and she's with
me now, Hello, Hi, great to have you on the show.
So is homelessness really bad at the moment.

Speaker 7 (51:56):
Yeah, it is, that's what we're experiencing in Orkland as
a region.

Speaker 2 (52:01):
So there's September we had four hundred and twenty six
people on the count. January there's six hundred and fifty three.
How does that compare to previous quarters.

Speaker 7 (52:12):
It's just the size of the increase, right, that is
really quite shocking for us. So we haven't seen such
a spike like that before and for us sort of
coincidental along with a lot of other factors which should
expect to put stress under people living in a home
renting in a home.

Speaker 2 (52:32):
So it's not seasonal. It's not because we've got warmer weather.
I mean, what were the numbers last year, dast January.

Speaker 7 (52:37):
I haven't got the numbers on there for January last year.
But this is not a seasonal spike that we're seeing, right,
do you know.

Speaker 2 (52:46):
How these numbers compare those to previous quarters.

Speaker 7 (52:49):
The specifically the spike is higher than previous quarters, but
the increase in numbers that we're seen, and it's what's
really harder to get a good count. And that's what
I'm that's what we're asking for the government. So is
this not a good account, a really good count?

Speaker 2 (53:03):
You said, you come out and said these numbers are
diabolical fifty three percent increase, But they're not good numbers.

Speaker 7 (53:09):
They're not going to be the total numbers. They're going
to be better numbers than what we're seeing from the government.
And that is something in my experience is consistent, is
that the numbers that the government might have on their
sites will be quite different to what we experience on
the ground. And when I say we, I'm talking about
the homeless sector and natures where I'll get the information from.

Speaker 2 (53:30):
That these people we're talking about six hundred and fifty
three people in January and cars parks or on streets.
Does someone go and count them one night? How does
it work?

Speaker 7 (53:40):
We're the homeless sector, which is you know a number
of different agencies are out there and they some of
them are a long term homeless people, someone new so
they know the new ones and they know the existing ones,
so yes, between them all, so they all come together,
Allkland counselors at that table with those agencies. So this
is how we get a pretty good picture of what's

(54:03):
going on.

Speaker 2 (54:03):
And you're saying this number six fifty three has never
been that high before.

Speaker 7 (54:08):
I don't know that it has never been that high before,
I am.

Speaker 2 (54:11):
But it's also because it sounds quite alarming.

Speaker 7 (54:15):
Yes, well we're alarmed, all right, Angela.

Speaker 2 (54:19):
It sounds like you are. Thank you for that, Angela
A Dulton, Chair of Auckland Council's Community Committee. It's twenty
two six.

Speaker 1 (54:25):
The Huddle with New Zealand Southeby's International Realty Find you
are one of a kind.

Speaker 2 (54:31):
Tris Jason Huson Willis pr Is with us on the
huddle tonight, good evening, good evening, Good to see you.
And Josie Bugani's here too, of course, Child Fund CEO Josie,
good evening to you, Hello, Rich Pickings. On the political
front today, lots to discuss. Let's start with the pole,
Trish and where that because lots of people saying who cares?

(54:52):
It's margin and vera everything. But is there starting to
be a trend Is it something you worry about in
the world of political communication?

Speaker 22 (55:00):
An embarrassment of riches on this one, Ryan, Yes, it
is something that you would worry about because it's a theme, right.
And look at what's happened to Chris Luxen today once
again he's fronted up to his post cabinet press conference.
They wanted the big story today to be about the
International Investment Summit, which is coming up at the end

(55:22):
of the week, and yet the majority of the questions
at the press conference were about the Prime minister his
poll rating, National's poll ratings. And if you look at
what's happening here every week, the conversation about the Prime
minister's polling is increasing and the story is leaking more

(55:46):
and more into mainstream media. So that's a concern. On
the other hand, I completely agree with you that nobody
at the stage would really put their hand one and say, gosh,
I wish labor were back in government, because man, they
would do an awesome job. And so it is a

(56:08):
it is a I think it's a it's a sort
of a grumpy. It's grumpy feedback coming through in these polls.
Don't forget that we are quarter on quarter into the
worst recession that New Zealand has been in since records began.
So it is really a herculean task for this government
and New Zealanders. Despite what I do, hear Chris Luxen

(56:31):
saying a lot, which is New Zealanders are better off.
New Zealanders in the majority are a long way behind
financially than they still in twenty twenty five, than they
were in twenty twenty So they are not feeling good because.

Speaker 2 (56:50):
We've had deflation, but we haven't had disinflation, which is
when you actually go forwards. Josie, what these people who
are talking about oh well, well you better roll luck?
What are you saying to them?

Speaker 23 (57:02):
Well, look, I mean, first of all, it's a vote
against the government, not a vote for labor, so I
think Labour has to be careful about that in the
first place. Ryan, although you would say when I compare
Chippy to Luxeon, I mean Chippy Chris Hipkins, he's making
the right noises. So he said today, I think, or yesterday,
you know, we won't if we get into government, we
won't pause or cancer what National's done just because they're

(57:26):
the other side. You know, we'll keep we'll keep the
good stuff. Going, we're talking about jobs, health homes. I'm
not just Cinda, he said, I'm going to campaign differently.
So he's saying the right things, but that they should
be very careful to realize this is not a vote
for them. It's a vote against the government. And when
I say it's a vote against the government, I think
it is a vote against Luxon. He's having a real problem,

(57:48):
isn't he of connecting with voters. He communicates so badly.
I mean that the classic was with Mike in the
morning on Breakfast, where you know, a few weeks ago,
a week ago, so he asked a simple question about
Andrew Bailey could not answer whether he would have fired
him anyway had he not resigned, And there's all these
memes going around like it's as if his mother's asking him,

(58:09):
did you have a good night's sleep, Chris, And he's going, well,
what I can say is that I did sleep.

Speaker 24 (58:14):
Did you have a good sleep?

Speaker 23 (58:15):
Well, let me be clear, sleep is very important. Oh
my god, could you just say answer the question? But
then the problem is some are saying yes, this talk
of him being rolled, and I wouldn't be surprised if
if things don't improve, And as you say, trush, if
people don't start to feel better that he will be rolled.
But there's a problem with people saying, you know, we've
just got to let him lux and be Luxon, you know,

(58:36):
let him be himself. He's got to be less corporate,
just be himself. Well, what of himself? Is this terminally
inadequate personality for politics?

Speaker 2 (58:47):
The thing is that reminded me when you talk about
the memes. I mean, there's only one person worse than
Luxon in an interview, and that's just into return At
saying nothing and talking you around in a circle. Except
she would do it for seven minutes, not three.

Speaker 23 (59:02):
You know, but your thing is right, we've had that
for six years to just ender. We don't want another
version of it, re lux and we just want you
to answer the goddamn question. And also I think there's
a problem. Look, I wish them luck on the summit
for investment because I think it's a good idea. The
problem with summits, though, is it sounds like the death
knell of a conference. You know, you feel like you've

(59:23):
taken a sleeping pill even saying the word I wonder.
And you talked earlier about Australia Ryan. You know Bob
Hawk in the nineties had a summit, but he got employers,
unions and government together and they came up with a right,
we won't lift wages, we'll put the extra money into superannuation,
we'll get employment down.

Speaker 25 (59:44):
And it worked.

Speaker 23 (59:44):
They had a sort of trifector agreement that got Australia
back on track for growth. So growth lifted, wages, increased,
employment dropped. Other than that was a complete failure. But
just do something really tangible like that and people will
start to turn around and support the government.

Speaker 2 (01:00:02):
All right, Joseph Beganni, Tris Sharson here on the huddle,
will took body cameras for our police.

Speaker 1 (01:00:06):
Next the huddle with New Zealand Southeby's International Realty, the
ones with local and Global Reach.

Speaker 2 (01:00:13):
News Talks, b Tris s Hurson and Joseph Beganni on
the huddle tonight, Let's go to Canada where the incoming
Canadian Prime Minister make Karney, they've picked the Central bankup
is not holding back. He's going on the attack against
Trump and he's trying to separate his party from the
Conservatives and Poliev, Pierre Poliev, who's the Conservative leader over there,

(01:00:33):
Evan says on he's a bit weak on Trump. So
this new guy for the Liberal Party is coming and
replacing Todoe and saying I'm going a hundi after Donald Trump.
That's the strategy, trash. Will it work?

Speaker 22 (01:00:46):
It's looking like it's really fertile ground for him. It's interesting,
isn't it. You think of the Canadians and what Trump
is doing to them, It's kind of like punching a
teddy bear. You know, they are sort of known as
the nicest country in the world, and no one can
really get their head around strategically why you would be
going after Canada. Because it's not only the trade with Canada,

(01:01:07):
but think about them geographically and how important they are
to the US. I think that world leaders are throwing
everything they can at dealing with Trump. So you've seen
the go and bend the knee with the likes of
Kia Starmer and Justin Trudeau from France. You have now
seen Carney try completely the opposite thing of probably standing

(01:01:31):
up to the bully side of Trump. But what interests
me about this is how Donald Trump's style second time
round has really moved magnetic north on the moral compass
of all of us right. So what used to be
right is now wrong and vice versa, and what we

(01:01:53):
have known for years since the Second World War about
global diplomacy and about the world order and about how
world leaders need to behave in that has completely shifted.
So I'm I'm going to be really interested to see
not only how Carne's how is rhetoric lands at home
with the upcoming election, but how it actually lands in

(01:02:16):
terms of Trump and whether it starts to make a
difference in terms of what's happening to Canada. Because what
made me think about how serious this is was last week,
I think it was on the Rest is Politics UK
and they were talking about how there were serious journalists, academics,
politicians and Canada op ed writers who were essentially saying,

(01:02:40):
you know, we have to now be prepared to fight
for our sovereignty as Canada. And I feel like we're
in that sort of boiling frog analogy where you know,
Trump has just turned the temperature up so quickly to
high that we're not even registering the crazy the crazy stuff.

Speaker 2 (01:02:58):
But the reality is Josie that he can't do all
of the crazy stuff he says he's going to do,
and we all know that, right. I mean, you can't
go and invade Canada and Panama and Greenland. And you know,
so we do take it with the grain of salt,
don't we.

Speaker 23 (01:03:13):
Well, I'm not sure we're taking it with much salt
these days. Ryan, I mean, who would have thought in
the election campaign when he won and you know, us
three were all doing election night coverage on the night,
we would not have predicted that he would suddenly talk
about invading Greenland and taking over Panama Canal. We would
have just laughed that was ridiculous. Now he has talked

(01:03:34):
about that, and I think we should take him seriously,
and certainly Canada is, and Mark Carney, the new Prime minister,
the new Liberal leader, is taking it seriously.

Speaker 12 (01:03:44):
I mean, this is I mean, you're right true.

Speaker 23 (01:03:46):
Canada are the nice guys of geopolitics. They've been described
as the labradors of geopolitics or the herbivores, which I
think makes us began because we're even nicer. But you know,
to have the Canadians and to have someone Mark Carney,
who's a very technocratic, you know, banker, you know, talk
in this language of saying the Americans want our resources,

(01:04:09):
our water, our land, our country. We will not give
it to them. And if they throw down the gloves,
which is a very sort of Canadian image, they throw
down the gloves, we will pick gloves up. So you know,
expect duels at dawn. And I think he's he's made
the right decision here to be tough, because one thing
we've learned from Trump mark two is that if you

(01:04:32):
suck up to him, he hates and despises your weakness.
Look what he did to Justin Trudeau and Trudeau went
to mar Lago. But Carnie's taken the other sort of
game theory approach. So game theory is like, you know,
two cars running head on for a head on collision
towards each other, who's going.

Speaker 24 (01:04:49):
To swerve first?

Speaker 23 (01:04:50):
And he's basically taken the steering wheel off and put
it out the window and said you better swerve first.
Otherwise we're hating each other. So you know, good on them.
This is I think you meet strength with yeah, only
way you fight bully.

Speaker 2 (01:05:02):
Well, yeah, it's an interesting it's an interesting take, especially
as you say, from such a friendly neighbor. Thank you
very much both of you for coming on tonight. There's
a many great texts I want to say, but there
is one text here that just says this woman is
an idiot. And the thing is, I don't know which
of you they're talking about.

Speaker 11 (01:05:19):
Me?

Speaker 8 (01:05:19):
Right?

Speaker 22 (01:05:20):
Can you go back and look at the time stamp
on that.

Speaker 19 (01:05:22):
I think we will mention to the audio.

Speaker 23 (01:05:26):
So much to be true, but I know it's going
to be No.

Speaker 2 (01:05:29):
She don't count yourself out like that. We'll go and
get the receipts. Seven away from six News Talks MB.

Speaker 1 (01:05:36):
It's the Heather Duplessy allan drive full show podcast on
MYRD Radio powered by NEWSTALKSB.

Speaker 2 (01:05:44):
News TALKSB. It's four minutes away from Sex After Sex.
Nicola willis as what it's the Finance min It's the
lots to talk about, including that poll, but Adrian All's resignation,
what did she know? And when? Why on earth did
he suddenly resign? Prime Minister is going to India and
we'll also talk about Keywi savor, where the government is
looking at increasing the minimum savings amount that we have

(01:06:06):
to know currently gets three percent. The Australia is eleven
and a half, although it's paid by the employer, still
a hell of up more than ours. That ought to come,
but very quickly. A couple of texts if we've got time.
On health and safety, Ryan Health and Safety at Work
Act has generated billions of dollars and expenses for this country.
I wanted my flat roof washed and the roofing company

(01:06:27):
said it would cost me four thousand dollars for the
roof edge protection so they didn't fall off a flat roof.
This is absolutely ridiculous. The actual job itself was going
to cost fifteen hundred dollars for the roof treatment. Go figure.
Welcome to New Zealand. News Talks could be Nicola Willis next.

Speaker 4 (01:07:10):
What's up? What's down? What with a major cause and
how will it affect the economy?

Speaker 1 (01:07:16):
The big business questions on the Business Hour with Ryan
Bridge and Mayor's Insurance and investments, Grow your Wealth, Protect
Your Future News Talks a B.

Speaker 2 (01:07:27):
Seven after six News Talk f B Paul Blots from ATSPC,
based in Sydney but visiting Auckland today. He's with us
just after the six thirty news. Gavin Gray out of
the UK. Shane Solly will get us across today's market
movements as well. Right now Nichola Willis is the Finance
Minister she's with me.

Speaker 24 (01:07:43):
Good evening, Good evening, Ryan.

Speaker 2 (01:07:45):
How are you today?

Speaker 24 (01:07:47):
I'm very well, thank you. It's a beautiful sunny day
in Wellington, just gorgeous.

Speaker 2 (01:07:51):
Great to hear. Are you feeling is the six pm
news is beautiful and sunny? Or are you a bit
upset about those poll numbers?

Speaker 24 (01:07:58):
I haven't seen the six pm. But look, my focus
is never on a poll. It's always on how can
we deliver for New Zealanders. And New Zealanders are letting
us know loud and clear that they want us focused
on reducing their cost of living, growing this economy, delivering
better education and health services, and that is exactly what

(01:08:19):
we are focused on. So between now and the election,
there'll be a lot of polls. My focus is on delivery, and.

Speaker 2 (01:08:26):
There is absolutely no appetite from anyone within your party
or from you to get rid of Lux into Rollin
for the election. You're one hundred percent confident he's the
right guy for the election. That's right, Okay, all right,
let's move on Adrian or why wasn't he the right
guy for the job? What happened?

Speaker 24 (01:08:44):
Well, as you know, last week, he made the decision
to resign from his role as Reserve Bank governor. That's
a matter he engaged with the Reserve Bank Board on
which was subsequently announced, and I've wished him well for
the future.

Speaker 2 (01:09:00):
Did you ever find out what was going on?

Speaker 24 (01:09:03):
Look, the Board had informed me via the Secretary for
the Treasury that there were discussions occurring with mister Orr,
and then they let me know that that final decision
to resign had been made.

Speaker 2 (01:09:17):
Was there any discussion between you and Adrian or in
recent weeks about budgets about you know, staff members, how
many staff they've got at the bank, about a potential
budget bid, that kind of stuff.

Speaker 24 (01:09:33):
Yes, there was. Every five years, the government needs to
negotiate a funding agreement with the Reserve Bank, and I'd
made clear that I was uncomfortable with just how much
taxpayers money had been going into the Reserve Bank. It's
a negotiation between me and the Reserve Bank Board what
those ultimate funding figures for the future are, and i'd

(01:09:53):
express my desire to see real value for money for taxpayers,
a focus on the core deliverables, and that I wasn't
convinced that that had been the case in recent years.
That's exactly what you'd expect from me, Ryan which is
it's my job to protect the public purse and to
ensure key weas are getting good value. And that applies
at any government agency, including the Reserve Bank.

Speaker 2 (01:10:15):
Their annual budget was about one hundred and forty million old,
isn't it. Were you wanting to bring that down further?

Speaker 24 (01:10:22):
Well, the increase over the past five years had been
dramatic and had outpaced that of just about every other
government agency. And so the negotiation that we're having with
the Reserve Bank is what's actually the minimal viable product here?
How much funding do you need to do to deliver
your key statutory functions? Because they've got an important job,

(01:10:43):
you know, they've got to keep inflation under control, they've
got to manage the official cash rate, they've got to
ensure we've got financial stability. What would it take to
fund that without all of the added extras tacked on
as well?

Speaker 2 (01:10:55):
Their staff numbers went from two hundred and fifty five
and twenty eighteen to six hundred forty one in twenty
twenty four. Are you also wanting that to come down?

Speaker 24 (01:11:05):
Well, you'd expect that if they're just focused on their
core functions, they wouldn't require those significant numbers of staff
that they've had in recent years. And to my point,
I'm interested in how many people do we need to
deliver on the really important functions, not all of the
other stuff tacked on as well. I mean, the Reserve Bank,
in my mind, should not be a gilded palace with

(01:11:28):
un tapped resources that just keep flowing. Actually, it should
be like any other government agency. It's got some restraint,
it's got some discipline, it's ensuring value for money. And
that's the approach that I've taken to the negotiation.

Speaker 2 (01:11:42):
And clearly that's roffled a few feathers and they've flyn
the coup.

Speaker 25 (01:11:48):
Well.

Speaker 24 (01:11:48):
Ultimately that negotiation occurs between me and the Reserve Bank Board.
The Reserve Bank Board will make their submission on what
they think is the appropriate level of funding and the
coming days and weeks, and then we negotiate that and
we hope to have it all sign up and delivered
before the budget.

Speaker 2 (01:12:05):
This investment summit, why is black Rock not going on?
Not on the guest list? What have you been told
about that?

Speaker 24 (01:12:11):
I haven't actually been briefed on that. As you will
have seen, there's a broad range of investors invited to
the summit, including some of the world's big infrastructure funds,
including New Zealand EE Investment funds. And there are also
infrastructure partners there, so people who deliver big infrastructure projects.
So there's a broad range of people and none of

(01:12:33):
this would preclude any entity in the future being involved
in investing. Now, we just can't fit everyone in the room.

Speaker 2 (01:12:39):
Yeah, but it's the big one. It's the big boy
you want in the room.

Speaker 24 (01:12:43):
Well, it's one of the big boys. But there's plenty
of big boys and girls who will be in the room.

Speaker 2 (01:12:47):
The banks. Just coming back to the Zier Bank very briefly,
the capital rules you're looking at potentially trying to compel
or override the Reserve Bank the way that it regulates banks.
Is that something you're seriously considering doing so, Yeah.

Speaker 24 (01:13:01):
Look what this goes back to is in twenty nineteen,
the Reserve Bank made a decision to require banks to
hold more capital against their lending, and at the time,
banks and others warned that that could have a couple
of impacts for New Zealanders. One higher interest rates and
two that it could stop the amount of lending going

(01:13:23):
into productive businesses that we've had historically therefore leading to
a negative impact on the size of our economy. So
both of those two things concern me, and I think
it's important that I now review. Okay, has that happened?
Is that happening? Are we taking the right approach here?
Because my focus is anything I can do to make

(01:13:46):
sure that New Zealanders have incomes that are rising faster
and interest rates that are lower, I'm pretty interested in doing.
So let's get all the advice here, Let's have that
discussion and not just take it as set in stone.

Speaker 2 (01:13:58):
You spoke to the diference back in February. This is
the New Zealand Economics Forum conference, and you told them
that you were taking advice on options for achieving higher
KEIW saver balances. I mean, if you look at our numbers,
they're not great. I mean they are good. Are key
we saver balance is collectively now worth more than one
hundred billion dollars. That's great. We're turning eighteen I think

(01:14:19):
in a month or so. But you look at the
Australians and they're like four trillion, right, So we've got
to get our rates up, no doubt about that. Are
you considering, as the government considering increasing the minimum contribution
up from three percent.

Speaker 24 (01:14:33):
Look, we're considering a range of options for increasing New
Zealand is kei we saver balances. The important thing to
remember is New Zealand has universal superannuation for every Kiwi
from age sixty five. The Aussies don't have that. So
that's the main contribution the government makes to superannuation in
New Zealand is funding that universal superannuation. We then have

(01:14:54):
kei we Saver and I think key we Save is
becoming increasingly important for two reasons. One it's the main
tool that heaps the key we is used to save
for their house deposit. And two we know that more
New Zealanders are going to want more financial security and
retirement because not everyone will own their own home at retirement.
So key we sava becomes a really important supplement to

(01:15:15):
universal super So I am taking advice on what we
can do to encourage New Zealanders to save more and
their key we saver accounts as an addition to not
instead of universal New Zealand superannuation.

Speaker 2 (01:15:28):
Does that mean yeah, I totally get that you're not
going to get rid of super universal super But does
that mean you're you're looking at sweetness like tax incentives
to get people to pay more, or would you actually
say put a line in the stand and say we
need to get your minimum to five percent over this
period of time or whatever it might be.

Speaker 24 (01:15:47):
Look, the main financial contribution that the government makes and
in my mind, should make to superannuation is that increasing
costs for New Zealand superannuation that's growing by literally billions
even over the next few years. So that's the core
way in which the government funds superannuation costs. But as
you allude, there are a range of other ways in
which we could help ki savers improve their balances, including

(01:16:10):
the rates of contributions and other things. So we're working
through that. I haven't taken advice to Cabinet yet, but
I think it's really important that more Kiwis have more
financial security in their retirement and I'm prepared to make
changes to.

Speaker 2 (01:16:22):
Deliver that all right, and very quickly. There's are two
things we've spoken about before, but any update on the
foreign bias thing. I think last time you said it
was that leader to leader stage.

Speaker 24 (01:16:32):
Do you know I've got to the point where if
there's change in this area, I think you should be
the first to know because you've asked me the most
questions about it and your interest is very much appreciated.

Speaker 2 (01:16:41):
Right, So that didn't answer the question though, did it?
Is there an update or not?

Speaker 24 (01:16:45):
I don't have an update for you today, but when
I've got an update, you're going to get it, my friend.

Speaker 2 (01:16:49):
Okay, thanks for the time, minister, really appreciate it. Nicola Willis,
who's the finance minister who says that Luxon's job is
safe till the next election? Sixteen after six markets.

Speaker 1 (01:16:58):
Next, it's the Heather Dupless Allen Drive Full Show podcast
on my Heart Radio empowered by Newstalk.

Speaker 2 (01:17:05):
ZIBB News Talk ZIBB. It is six nineteen. Shane Sully
with Harbor Asset Management with US Tonight high Shane. Yeah, right,
So we obviously had a pretty bad week on the
US stock market last week and it continues today.

Speaker 25 (01:17:19):
Oh look, you know, this rapid pace of policy announcements
from the Trump government is really putting Evesis on the
back foot. And we've got to the point now where
this is are worried about growth. A couple of things
behind that, this government efficiency drive led by this new
Department of Government Efficiency and the terrif announcements has seen
a drop and consensus market growth focus and got to

(01:17:43):
the point where late last week we saw US fedel
Reserved Bank Chairman Joan Power and say he look, actually economies, okay,
munty policys sittings are appropriate, but that sort of the
shear market come up a little bit on Friday, but
over all the week weest really soft in the US
market because of this lot of growth numbers. So yeah,
a bit of a challenge certainly getting efficiency is costing

(01:18:06):
a little bit of growth.

Speaker 2 (01:18:07):
Yeah, And he's the way he's talking as well. I
mean even the last twenty four hours talking about the
possibility of a recession.

Speaker 25 (01:18:14):
Yeah, that's right. And we've got one of his key
policy advisors, mister A saying Heylo right from the get go,
I was asked to how Toway get efficiency without breaking
the economy. So mister Trump is definitely testing the boundaries
back here.

Speaker 2 (01:18:28):
Fonterra increased its profit guidance today. What was behind that move?

Speaker 25 (01:18:32):
Yeah, look a good good uplift from Fontira that they've
got a building, a bit of a track. We've got
a beating expectations. This was better than expected. They've lifted
earning specier guidance from forty to sixty cents to fifty
five to seventy five. And really it's just back to basics,
the good underlying ingredients business, you know, driving upgrades. This
dairy pay apps obviously very helpful for the FDA New

(01:18:54):
Zealand economy. But they've certainly got a much better run,
demand and supply going their way, so they're they're in
a good spot.

Speaker 2 (01:19:01):
They're also and we've spoken about this a lot, wanting
to divest the consumer business Mainland. They've now started doing
their road show up and down the country is part
of this kind of process. What's the reaction to the
information they've been sharing being.

Speaker 25 (01:19:15):
Like, yeah, look, so this Mainland is a consumer business
that produces products like ank and milk and mainland and
capity dairy products we know of and these on Australia,
it's also in parts of Asia. The business they've just
given us a little bit of detail on is smidge.
To be honest with youryan, the start hopefully of some
more information. So they're running a business that generated four

(01:19:36):
point nine BI and dollars revenue in two hundred million
of earnings before interest and tax in twenty twenty four,
so it's certainly got an okay base there, but they're
running a dual process, so we don't actually know whether
it may be listed or it may actually be sold
to a trade bier. So early days there's a lot
of information to come out. But the combination of that

(01:19:57):
earnings upgrade and released on mainland that supported the Fonterrashoe
price is actually up five percent to five dollars forty five,
almost back to its five year high. Still a bit
of uncertains around the Maniam process, but certainly we're getting
a bit more confidence that this is getting a bit
more confidence around earning space in the capital base for Fontira.
So yeah, a better day for Fontira, a.

Speaker 2 (01:20:19):
Tech for them today. What results should we be looking
forward to this week?

Speaker 25 (01:20:23):
Yeah, it's very much about macroeconomics, to be honest with
your Ryan Sore. Will be some big data points out
of the US, particularly some inflation points, and again going
back to mister Jeron Pale from the FED saying everything's okay,
we need some more confilmation about particularly with inflation. And
then later in the week we've got some US job
jobs data and so it's the trade off between hot enough,

(01:20:44):
hot enough in the economy, not too cold in the
economy for him to keep those interest rates in the
right city. We've got a Bank of Canada official rate call.
Now normally you could go, why why does that matter? Well,
they've actually been quite a lead indicator for other central
banks and so they've been really having rates aggressively. And
obviously they're in the midst of a bit of a
trade war with the US. But really I think we're

(01:21:05):
going to keep focusing on these trade tariff news and
fortunately it's going to keep us pretty busy, certainly is Shane.

Speaker 2 (01:21:11):
Thank you for that, Shane, Sally harv Rest Management with
a market update for this afternoon twenty three minutes after six.
Coming up next, I'll tell you what Joe Biden's signature
has conservatives so exercised for over in the US. That's next.

Speaker 4 (01:21:26):
If it's to do with money, it matters to you.

Speaker 1 (01:21:29):
The Business Hour with Ryan Ridge and Lair's Insurance and Investments,
Grow your Wealth, Protect your Future, News Talks, edb six.

Speaker 2 (01:21:38):
Twenty six on News Talks MB. Everyone who's looking for
an exemption to all the tariffs, and of course this
is what every diplomat's dreams are made of at the moment,
an exemption to one of Donald Trump's tariffs. There was
one granted for the auto industry in the US. Of course,
Australia got one last time round. That was under Malcolm
Turnbull when Trump was last in power for steel and aluminium,
and Elbow and Crew are now trying to get another

(01:22:00):
one for the latest round of steel and aluminum tariffs
that are going on. And a Trump advisor at the
weekend is basically played down any chances of anyone in
particularly Australia, because he was asked about Australia getting an exemption.
So of course the coalition, the coalition, there's attacking labor
for a foreign policy failure, though I don't know really
that you can blame it all on them. It's more

(01:22:22):
Trump than them, isn't it. The number to text twenty
seven minutes after six Bryan Bridge. If you're wondering what
to do, if you're you know, personally, I've been thinking
about my mortgage. I know I've got a friend who's
thinking about a car, upgrading the house, doing a renovation,
buying a new car, changing your mortgage structure. All of

(01:22:44):
these big life decisions. Everybody is thinking at the same time. Well,
hang on a minute, I thought we were on a trajectory.
I thought we were going in a cit in direction,
and then Donald Trump has come in like a bout
out of hell, like a whirlwind, and just not quite
sure anymore. Now the blocks them. HSBC chief economist is
going to be with us in the studio after the

(01:23:05):
news are half passed. He's going to tell us whether
we should buy that new car, whether we should upgrade
that house, do that renovation, whatever it might be. He's
going to basically run through how serious the threat of
a Trump session will be for us down under News
Talks twenty eight after six staff.

Speaker 1 (01:23:40):
Croaching the numbers and getting the results, it's Ryan Bridge
with the Business Hour and MAS insurance and investments.

Speaker 4 (01:23:48):
Grew your wealth, Protect your future NEWSTALKSB.

Speaker 2 (01:24:02):
Yeah, good evening. It is twenty four minutes away from
seven year on News talks'd B. We've got to Gavin
Gray out of the UK shortly. Lots of your text
have beeg back to get through as well. Right now
though it is time for well, he's the most famous
economist on this program. I'll say that for sure. New
Zealand is desperate for an economic recovery, but with international

(01:24:23):
market wobbles and fears of a Trump session, which is
a Trump induced recession, I'm told in the US how
vulnerable are we and should we temper our expectations. Paul
Bloxham as HSBC's chief economists. He's in the country from Sydney.
It's great to have you in studio, Paul, good evening,
great to be here. Do you how obsessed are you

(01:24:43):
with following what Trump is saying every day?

Speaker 26 (01:24:46):
It is my day job to keep up with what
is going on, and it is certainly fast paced, to
say the least. I get actually quite a few clients.
I do lots of presentations and I've been doing them
here this week as well. And they say, you know,
it must be tough to be an econom because there's
so many moving parts and so much happening. And I say,
because I'm a contrarian, of course, I say, no, it's
a great time to be an economist because there's such

(01:25:07):
a so much going on, and if anything, the economics
framework is surely like one of the ones that you've
got to use to fit the facts together to make
some sense of how it goes so and how and
what you should think about it?

Speaker 2 (01:25:18):
And so it's kept me busy, all right, Well, synthesize
it for us, then is the answer here? Basically, there
is so much going on that it's all equals uncertainty,
and uncertainty is bad. There's an element of that story.

Speaker 26 (01:25:32):
Certainly, when things chop and change a lot, it's difficult
for businesses to be able to know which way to
move are they going to you know, where are they
going to invest, where are they going to hire? And
I think you're starting to see that in some of
the business surveys, you know. So that's one aspect of
this story. But there's a lot of elements to what's
being delivered. There's a trade policy element. That's the one
that gets all the attention, which is sort of trade

(01:25:53):
tariffs and what's been happening with those, But there's also others.
There's the deregulation story and tax cuts that they propose
as well, So you sort of have to balance out
all of the bits.

Speaker 2 (01:26:03):
Of the overall story.

Speaker 26 (01:26:04):
I think net we're looking at, you know that there's
upside risk to us inflation, and that's something we need
to think about in terms of global interest rates and
what it means, and the US dolar which has remained strong.
And I think there is some risk to US growth
from all of this, but the major thing is it
has a flow on effect to the rest of the world.
So the risk overall to the global economy is probably

(01:26:26):
tilted to the downside. So those are the ways, at
least some guideposts for thinking about what's going on. I think,
of course here in New Zealand, you want to think
about what it means for New Zealand. Well, you know,
I think the direct impact is actually fairly small in
the scheme of things, The trading relationships fairly small. New
Zealand sells a lot more into the Asian markets and
so on, and so I think it's a fairly small

(01:26:47):
effect overall, but it's not insignificant. But I actually think
New Zealand's in doing a little bit better. I mean,
I think this year you're going to see an upswing
in the New Zealand economy.

Speaker 2 (01:26:57):
I think, well, I think that's what everyone's worried about,
is we all feel the same way, but we're worried
someone's going to come and eat our lunch. You know,
there's going to be a Donald Trump shaped bite out
of our sandwich that we were expecting to eat this yet.
So I think you've got a couple of things going
for you.

Speaker 26 (01:27:12):
So so one of them is, of course, that inflation
has come down enough now that the rbnz's cutting interest rates,
and not just by a little bit, they've cut interest
rates already by one hundred and seventy five basis points.
That's quite a lot of stimulus that's starting to pour
into the New Zealand economy. I think you're seeing that
showing up in surveys, consumer sentiment surveys and so on.
So that's one tailwind. And the other tailwind you've got

(01:27:32):
is that well, dairy prices have risen, meat prices are elevated,
you've got more volumes, Your terms of trade is positive,
so you're going to get a national income tailwind from
that story. And both of those things we think will
lift growth. After a pretty a tough year last year
in terms of you know, the economy contracting, I think
you're going to get quite a decent bounce back through
this year, pretty strong bounce back if you look at

(01:27:54):
it through the year. And so those things are at work,
and as you say, I guess there's risks out there
from the global story. But one of the things to
keep in mind is you're tied to the China story
a lot, and China is not able. China's story is
pivoting more towards the consumer. So instead of being as
driven by metals intensive activities like building factories and building property,

(01:28:15):
they can't do as much of that. They've already done
a lot of that, but they're pivoting their own stimulus measure.

Speaker 2 (01:28:20):
Towards the consumer.

Speaker 26 (01:28:21):
If the Chinese consumer picks up, which is part of
what we think is likely, then that's actually a positive
for New Zealand.

Speaker 2 (01:28:27):
So there's a few tail winds here. You talk about
the Reserve Bank, and you've been at this conference in
Wellington last week where all the nerds from central banks
around the world went and had a little chat.

Speaker 4 (01:28:37):
What did you do?

Speaker 2 (01:28:38):
What survive? You picked up there about Adrian or I mean,
was this quite a shock for people in the in
the money economy world.

Speaker 26 (01:28:46):
I'd think that everyone was shocked by what happened. I
think that's a reasonable surmise. I think the conference was
very focused on a celebration in a way of the
fact that this is the central bank, the RBNZ the
first central bank to have adopted inflation targeting. They did
that thirty five years ago. And I know your audience
will say, well, it's inflation targeting. How good's it been. Actually,
it's been a really robust system for being able to

(01:29:09):
manage cycles and economies. And not only has it worked
well here, but it's been in New Zealand led the way.
The RBNZ was the first central bank to do it,
and then the other central banks around the world have
all adopted the similar sorts of strategies, including the RBA
and the Federal Reserve and the Bank of England and
so you know, New Zealand was where all this started.
It's it's actually it's the best, the best system available

(01:29:31):
for central banks to manage economies. It's not perfect, and
you can learn a lot still, but it's it's it's
the way that central banks go about it. So I
think that's a lot of what the conference was really
about was sort of going and looking at how well
it's performed and how central bankers can do it better
in the future.

Speaker 2 (01:29:47):
One of the things you're one of the biggest complaints
you get about this targeting of monet The way monetary
policy operates is that you're taking money away. You're taking
money out of people's pockets to try and dampen down,
you know, demand, try and have an effect on inflation,
and that money just sort of disappears, you know, Like
there are people who say, oh, why don't we have

(01:30:08):
a different system where that money would be put into
some kind of savings vehicle or something rather than just
sort of arbitrarily disappearing into the ethos when the reserve
Bank ups the ocr well, there are a number of reasons.

Speaker 26 (01:30:22):
I mean, the first one is you're absolutely right to
describe it as you're lifting and lowering. I might add
there've been lowering interest rates recently, so actually what they're
doing is actually allowing people more income to spend. They're
trying to get the economy to pick up because inflation
has come down. But you are setting a policy rate
to try to manage the cycles in demand. If demand's
picking up too much, you're slowing it down by lifting rates.
And likewise, if demand is slowed too much, you start

(01:30:44):
to lower interest rates, and you guide that by looking
at the inflation rate, which balances that out. You're right,
absolutely that This is not the only way you could
do things. You could actually use your fiscal policy tools.
You could set taxes and spending by government and so on,
and try and compliment what you do in terms of
managing that cycle. It doesn't have to just be that
you'd use monetary policy. But the way we've gravitated, we've

(01:31:06):
gravitated to a system whereby the central bank is independent
and it sets policy to try and manage that cycle,
because well, fiscal policy doesn't always end up being set
in a way that manages the cycle as effectively.

Speaker 2 (01:31:19):
So that's the system we have, and it works.

Speaker 26 (01:31:21):
It's not perfect, as I said, but it works.

Speaker 2 (01:31:23):
It works fairly well.

Speaker 26 (01:31:25):
And this was the first country to have adopted this
system that every you know, all the other countries around
the world have effectively moved towards over time.

Speaker 2 (01:31:33):
I'm not sure it's something we're ready to sing and
celebrate about just at the moment, only because we've been
recently scarred, that's true, I know.

Speaker 26 (01:31:40):
But it's worth keeping in mind that interest rates are
now coming down exactly, and they're probably going to come
down a bit further yet, and that's going to start
to stimulate is already starting to stimulate the economy into
an upswing, and that's a positive.

Speaker 2 (01:31:52):
Inflation was the major problem.

Speaker 26 (01:31:53):
Inflation's come down. Now it's sitting around the midpoint of
the rbnz's target band, so they've been able to lower
interest rates start to stimulate the economy.

Speaker 2 (01:32:01):
Paul, thank you very much for coming in. Great to
see you. Thank you, Paul Block. Some HSBC chief economists
with us in studio. It is sixteen minutes away from seven.
We're over in the UK with Gavin Gray next.

Speaker 1 (01:32:12):
Whether it's macro micro or just playing economics, it's all
on the business hours with Ryan Bridge and Player's insurance
and investments, Grow your wealth, protect your future these talks.

Speaker 2 (01:32:24):
B It is thirteen minutes away from seven News Talk,
said b I'm Ryan Bridge, and in just a few
minutes I'll tell you why what's going on with Biden
and his signature and why the Conservatives and the Republicans
in the US are so outraged about his signature. Right now, though,
we're going to Gavin Gray. Are UK correspondent Gavin good evening?
Are they right now? A man has been charged by

(01:32:46):
police over an incident involving Big Ben.

Speaker 21 (01:32:50):
Yes, so a man with the bare feet, scaled the
side of Big Ben spent twenty no roughly sixteen half
hours on a ledge several meters up the tower. It
led to widespread disruption at the weekend with the closure
of Westminster Bridge, which was very bad for traffic nearby

(01:33:10):
one of the exits of Westminster Underground station and nearby
Bridge Street as well. Tours of Parliament were also counceled
in response. This also amounds small beer, but you know,
London is so busy at the moment. The closures of
major bridges are a huge problem and the emergency services,
who then brought in a cherry pick at a try
and tolki him down, eventually did get the twenty nine

(01:33:33):
year old suspect down from the bridge from the tower
rather and there were people at the foot of the
tower shouting Free Palestine and ra hero. The twenty nine
year old suspect had been carrying a Palestinian flag, waving
it from the ledge that he was stood on for
so long, and Westminster Police say he was arrested once

(01:33:55):
he reached the ground. It was a protracted incident in
their own words, and now he been charged. We'll wait
to see at his court appearance. A little later on
to that Westminster Magistrates Court. What's going to happen next?

Speaker 2 (01:34:07):
Okay, we'll keep watching brief on that one. Now, obviously
all the ladies in Europe are coming together and trying
to form a consensus on Ukraine, and the Latvian president
has said that, actually, we're a bit weak at the moment,
let's look at conscription.

Speaker 21 (01:34:21):
Yeah, very much.

Speaker 8 (01:34:22):
So.

Speaker 21 (01:34:22):
They're not the only ones as well that are neighboring
Russia and or Ukraine. The Baltics. Some of the Baltics,
of course are former Russian republics, and they really do
fear that Russia is just getting a taste for trying
to claim back what it believes is its land. But
these now independent countries are very uncomfortable. So the Latvian President,

(01:34:45):
Edgar Rinkoviks is basically saying that he now thinks that
the continent is quite weak militarily, that's his quote, and
says that European countries or European countries should introduce conscription.
Latvia introduced conscription back in twenty twenty three and has
now pushed defense spending up considerably higher to four percent

(01:35:07):
of the country's GDP. It's gross domestic product or its output.
So he said in this interview, lots of people are
feeling a bit nervous. People are following the news. Of course,
reassurances are one thing, but another thing is other European
governments have to make sure that we all get stronger,
and says the other Baltic states Estonia and Lithuania really

(01:35:28):
are the litmus test for NATO and nerves very very high.
We've even heard this last week as well that Poland
is looking to introduce some military service for all men
in Poland.

Speaker 2 (01:35:41):
Interesting right, the Crufts Dog Show just to change gear
for a sicken in Birmingham in the UK. You've got
a winner.

Speaker 21 (01:35:48):
Yeah, the four year old whip it from Venice in Italy,
so whippets look rather like a greyhound and it beat
more than eighteen thousand dollars from around the world to
claim the title. Quite controversial choice. Many people think that
the dog that came runner up shed have won, but
mucha was with his handler and it's the first time

(01:36:10):
a dog from Italy has won the Best in Show
from eighteen thousand dogs. They were chosen and it really
comes with a huge trophy, but the rewards are really
remarkably little, just about four hundred and forty New Zealand dollars.

Speaker 2 (01:36:26):
That's all you get.

Speaker 21 (01:36:27):
But it is of course the prestige. It is the
hope of being able to breed from the dog as well.
And so consequently a lot of people very interested in
the winners and the losers, as it were, of Crufts,
which is held in Venice, held in Birmingham rather in
the midlands of the UK.

Speaker 2 (01:36:45):
Thank you so much, Gavin. Gavin Gray are UK correspondent.
Isn't that interesting? Four hundred and forty dollars for the
win when they were eighteen thousand dogs, presumably paying some
kind of infant fee. It is nine minutes away from
seven News Talks. I'll get to Biden's signature thing.

Speaker 1 (01:37:01):
It's the heather too for see Allen Drive Full Show
podcast on iHeartRadio powered by newstalg ZBB Newstalk ZBB.

Speaker 2 (01:37:09):
It is six minutes away from seven. Really unusual report
that's come out of the US this week is from
the Conservative Heritage Foundation. They've gone back and looked at
all of Joe Biden's executive orders, anything he had to
sign while he was in office. Because of course everyone's
saying he was going senile, he was old, he didn't
know what he was doing. So they went and found

(01:37:30):
everything he signed, including important executive orders, and they found
that most of them. In fact, they couldn't find any
other than one which will tell about a sex that
weren't done with an auto pen. And autopen is one
of those things where you basically sign once, then it's
got it on your computer and you can just click
it and will it will sign it right. So people

(01:37:51):
are saying, how much of what Joe Biden signed did
he actually mean to sign while he was in office.
So this group, which is obviously a political rival of his,
is going through and looking all of them. The only
one they could find that he did sign and is
you know, with a ballpoint pen.

Speaker 9 (01:38:10):
Was his.

Speaker 2 (01:38:12):
Least had that he wrote to the American people saying
he was going to step aside. That's the only one
they could find. Everything else from the White House, from
the Oval Office came with an auto pen. So who
knows was it him? Was it one of his staffers?
I guess it's the great mystery. There you go, and
so what are we going out to tonight?

Speaker 27 (01:38:30):
Children of the sky, But I imagine dragons to play
us out tonight, Ryan. So this song was going to
be the first song ever transmitted from the Moon to Earth.
Was going to be I'll get to that in a moment.
So there's this company called Lone Star. It's a tech company,
and so they have successfully landed a data center on
the Moon, like one of those big buildings full of
servers or whatever. Presumably they didn't take the building with

(01:38:51):
them because it's space, but so they landed it on
the Moon and then the idea was they would transmit
the song up there and then get the song to
the data center to transmit the song back to Earth
and it'll be the first ever broadcast of a song
from the Moon to Earth. And it mostly worked right,
like they flew the data center up and it landed
on the Moon. But the problem was when it landed
on the Moon, it kind of landed on one of

(01:39:12):
the antennas and suddenly, fatally, suddenly it was just yeah,
we're landing stuff on the Moon's heart, you know. So
then it only had one antenna to work with, so
it went through the power really really quickly. So while
it was upprot of long enough to receive the song, unfortunately,
it wasn't able to stay switched on long enough to
broadcast it back. So Children of the Sky, by Imagine Dragons,
it is on the moon, like it made it up there,

(01:39:32):
But lots of songs have been sent to the moon before,
so that's not actually a first, so sorry, Imagine Dragons.

Speaker 2 (01:39:37):
They tried their best, I'm sure, And basically all the
upside of all of this is we've just lifted the moon.

Speaker 27 (01:39:42):
Yeah up, the more to go see if we make
it up there.

Speaker 2 (01:39:46):
Brilliant. All right, and thank you for that, Thanks for
listening and all of your feedback you've run Sidamo.

Speaker 18 (01:40:09):
Children love that.

Speaker 1 (01:40:39):
For more from Hither Duplessy Allen Drive, listen live to
news talks it'd be from four pm weekdays, or follow
the podcast on iHeartRadio.

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