April 24, 2025 • 6 mins
Aucklanders air and water quality could be impacted after a fire broke out at an industrial business on the North Shore.
People have been told to keep windows and doors closed and stay away from the area.
Newstalk ZB reporter Emily Ansell talks to Tim Beveridge about the fire, issues with National's tax break promise and South Auckland's long awaited Mill Road project.
LISTEN ABOVE.
See omnystudio.com/listener for privacy information.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:09):
You're listening to a podcast from News Talks'd be follow
this and our wide range of podcasts now on iHeartRadio.
Speaker 2 (00:16):
Good morning to Kelly Eckold from Westpac Glay.
Speaker 3 (00:21):
Good morning.
Speaker 2 (00:21):
Hey, look, I can't keep track of all this tariff news,
but regardless, consumer confidence is rising.
Speaker 1 (00:28):
Yeah.
Speaker 3 (00:29):
Yeah, We've been obviously watching the high frequency in the
case of the ecourage to see what's going how this
tariff impact is going to impact on New Zealand and
some of the more pessimistic views say that one of
the effects should be that consumers will put their wallets
back in their pockets for a while, but the monthly
read for April consumer confidence said that that's not occurring yet.
(00:52):
Headline confidence rose, It reversed the fall that we saw
in March. It's significantly above the low point recorded a
year or so ago before the reserve back started easing,
and consumers are saying that both the current conditions and
where they expect to be in the future in terms
of their situation have improved, and even they perceive it
(01:17):
as a better time to buy a major appliance right
now as well. What was actually particularly interesting was that
consumers said that they see a sharp rise in inflation
expectations that rose quite a lot to four point six
percent in terms of where people think inflation will be
next year, and you know that hasn't been at those
(01:37):
sort of levels back in two thousand and two when
inflation was quite a lot higher. The r exchange rate
might be having an impact there, but it also might
be that the last CPI did show that they're still
quite a lot of inflation out there if you think
about electricity, streaming services, etc. So this is going to
be quite important for the reserve bag to watch, I think,
(01:59):
because they're not going to probably be happy to cut
rates very much if they think the consumer thinks inflation
is coming, and if they don't think that the recovery
that we've seen last few months is going to be derailed.
Speaker 2 (02:15):
Commodity prices too, are they remaining robust?
Speaker 3 (02:19):
Yeah, Well that's another big thing to watch, isn't it.
Like In terms of how tariffs and global slow down
wide impact on New Zealand, you would have thought the
big channel would be falling export prices relative to import
prices or and basically an economists speak, that's a lower
terms of trade. This week, that news has actually been
(02:41):
pretty good as well. The weekly commodity price indicators suggests
that those markets are pretty good. Nick dairy prices they
rose two percent last week, meat prices up three point seven,
forestry up three fruit the horticultural sector has actually been
doing quite well and it continues to do well with
(03:01):
those prices rising boy three percent. So you know, those
sort of trends have sustained. Could mean New Zealand would
get through a global slow down and pretty decent. I
will say though it's quite early days.
Speaker 2 (03:13):
I think it's early days all the time at the
moment with all the rhetoric overseas with tariffs and stuff.
But Australian interest rates looking set to fall next month.
Speaker 3 (03:22):
Yeah, well, my boss in Australia locked in her call
for the Reserve Bank meeting, which isn't coming until the
twin is in May. So it's quite early for her
I think to be making that cool, but it reflects
the confidence that she has. She thinks they're going to
do it another twenty five basis for a cup, with
the key issues being that there will be impacts on
(03:44):
Australia from the global slow down. But I think importantly
she thinks that the Australian CPI, which will come out
next week, is going to undercut the Reserve Bank of
Australia's forecasts and should make them more comfortable with continuing
to cut rates. We probably should remember the RBA cash
rate is actually a bit above New Zealand's right now.
(04:05):
They're at four point one percent. We're at three and
a half. They've had just one interest right cup in
the last year, where obviously we've had two hundred basis points,
and she thinks that we'll get another two cuts in
Australia this year and taking their cash right down to
three point three five percent.
Speaker 2 (04:23):
I guess that's reasonable safe bet, perhaps with us being
are ahead of them on that one. Hey are we
doing I haven't caught up with it. We've got numbers
to talk about concerns that day.
Speaker 3 (04:32):
Yes, well, the numbers are out there. The market see,
should been a bit more positive overnight. There's talken the
US about a India trade deal and the possibility that
if that gets inked then that will form the basis
of agreements with Japan South Korea as well. So that's
given people through heart down up zero point ninety five
(04:54):
percent to thirty nine nine to eighty three. The CSMP
five hundred up one point eight percent to five four
seven one. Now's deck up two point four percent to
seventeen thousand, one hundred and eleven. The it was pretty flat.
It's at eighty four oh seven. The Nikai was up
half of a percent in Asian training to thirty five thousand,
(05:16):
zero three nine. The Shanghai composite was flat at three
two nine seven. The Ossie exchange was up point six
seven nine and six eight. Our own exchange is also
up half, with half of the percent at twelve zero
one seven. Kus again is flat at sixty cents. I
think I've read that same number out three days in
(05:36):
a row now. Kewyozzi ninety four cents. That's upero point
two percent, k Uo fifty three cents, up point three percent,
Kevy Sterling forty five p up point three percent, k
eighty five point four five up point four percent. Gold
is up one and a half percent to three three
(05:59):
four to two dollars droughts and boil is up point
seven percent to sixty six dollars sixty excellent stuff.
Speaker 2 (06:07):
Hey, thanks, enjoy the restaurantic day. That's Kelly, a cod
from whisper.
Speaker 1 (06:11):
For more from News Talk sed B, Listen live on
air or online, and keep our shows with you wherever
you go with our podcasts on iHeartRadio
You're listening to a podcast from News Talks'd be follow
this and our wide range of podcasts now on iHeartRadio.
Speaker 2 (00:16):
Good morning to Kelly Eckold from Westpac Glay.
Speaker 3 (00:21):
Good morning.
Speaker 2 (00:21):
Hey, look, I can't keep track of all this tariff news,
but regardless, consumer confidence is rising.
Speaker 1 (00:28):
Yeah.
Speaker 3 (00:29):
Yeah, We've been obviously watching the high frequency in the
case of the ecourage to see what's going how this
tariff impact is going to impact on New Zealand and
some of the more pessimistic views say that one of
the effects should be that consumers will put their wallets
back in their pockets for a while, but the monthly
read for April consumer confidence said that that's not occurring yet.
(00:52):
Headline confidence rose, It reversed the fall that we saw
in March. It's significantly above the low point recorded a
year or so ago before the reserve back started easing,
and consumers are saying that both the current conditions and
where they expect to be in the future in terms
of their situation have improved, and even they perceive it
(01:17):
as a better time to buy a major appliance right
now as well. What was actually particularly interesting was that
consumers said that they see a sharp rise in inflation
expectations that rose quite a lot to four point six
percent in terms of where people think inflation will be
next year, and you know that hasn't been at those
(01:37):
sort of levels back in two thousand and two when
inflation was quite a lot higher. The r exchange rate
might be having an impact there, but it also might
be that the last CPI did show that they're still
quite a lot of inflation out there if you think
about electricity, streaming services, etc. So this is going to
be quite important for the reserve bag to watch, I think,
(01:59):
because they're not going to probably be happy to cut
rates very much if they think the consumer thinks inflation
is coming, and if they don't think that the recovery
that we've seen last few months is going to be derailed.
Speaker 2 (02:15):
Commodity prices too, are they remaining robust?
Speaker 3 (02:19):
Yeah, Well that's another big thing to watch, isn't it.
Like In terms of how tariffs and global slow down
wide impact on New Zealand, you would have thought the
big channel would be falling export prices relative to import
prices or and basically an economists speak, that's a lower
terms of trade. This week, that news has actually been
(02:41):
pretty good as well. The weekly commodity price indicators suggests
that those markets are pretty good. Nick dairy prices they
rose two percent last week, meat prices up three point seven,
forestry up three fruit the horticultural sector has actually been
doing quite well and it continues to do well with
(03:01):
those prices rising boy three percent. So you know, those
sort of trends have sustained. Could mean New Zealand would
get through a global slow down and pretty decent. I
will say though it's quite early days.
Speaker 2 (03:13):
I think it's early days all the time at the
moment with all the rhetoric overseas with tariffs and stuff.
But Australian interest rates looking set to fall next month.
Speaker 3 (03:22):
Yeah, well, my boss in Australia locked in her call
for the Reserve Bank meeting, which isn't coming until the
twin is in May. So it's quite early for her
I think to be making that cool, but it reflects
the confidence that she has. She thinks they're going to
do it another twenty five basis for a cup, with
the key issues being that there will be impacts on
(03:44):
Australia from the global slow down. But I think importantly
she thinks that the Australian CPI, which will come out
next week, is going to undercut the Reserve Bank of
Australia's forecasts and should make them more comfortable with continuing
to cut rates. We probably should remember the RBA cash
rate is actually a bit above New Zealand's right now.
(04:05):
They're at four point one percent. We're at three and
a half. They've had just one interest right cup in
the last year, where obviously we've had two hundred basis points,
and she thinks that we'll get another two cuts in
Australia this year and taking their cash right down to
three point three five percent.
Speaker 2 (04:23):
I guess that's reasonable safe bet, perhaps with us being
are ahead of them on that one. Hey are we
doing I haven't caught up with it. We've got numbers
to talk about concerns that day.
Speaker 3 (04:32):
Yes, well, the numbers are out there. The market see,
should been a bit more positive overnight. There's talken the
US about a India trade deal and the possibility that
if that gets inked then that will form the basis
of agreements with Japan South Korea as well. So that's
given people through heart down up zero point ninety five
(04:54):
percent to thirty nine nine to eighty three. The CSMP
five hundred up one point eight percent to five four
seven one. Now's deck up two point four percent to
seventeen thousand, one hundred and eleven. The it was pretty flat.
It's at eighty four oh seven. The Nikai was up
half of a percent in Asian training to thirty five thousand,
(05:16):
zero three nine. The Shanghai composite was flat at three
two nine seven. The Ossie exchange was up point six
seven nine and six eight. Our own exchange is also
up half, with half of the percent at twelve zero
one seven. Kus again is flat at sixty cents. I
think I've read that same number out three days in
(05:36):
a row now. Kewyozzi ninety four cents. That's upero point
two percent, k Uo fifty three cents, up point three percent,
Kevy Sterling forty five p up point three percent, k
eighty five point four five up point four percent. Gold
is up one and a half percent to three three
(05:59):
four to two dollars droughts and boil is up point
seven percent to sixty six dollars sixty excellent stuff.
Speaker 2 (06:07):
Hey, thanks, enjoy the restaurantic day. That's Kelly, a cod
from whisper.
Speaker 1 (06:11):
For more from News Talk sed B, Listen live on
air or online, and keep our shows with you wherever
you go with our podcasts on iHeartRadio
Popular Podcasts
24/7 News: The Latest
The latest news in 4 minutes updated every hour, every day.
Therapy Gecko
An unlicensed lizard psychologist travels the universe talking to strangers about absolutely nothing. TO CALL THE GECKO: follow me on https://www.twitch.tv/lyleforever to get a notification for when I am taking calls. I am usually live Mondays, Wednesdays, and Fridays but lately a lot of other times too. I am a gecko.
The Joe Rogan Experience
The official podcast of comedian Joe Rogan.