April 30, 2025 • 34 mins
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Speaker 1 (00:01):
The issues these and the inside. Ryan Bridge on early
edition with one roof make your Property Search Simple.
Speaker 2 (00:11):
News Talks at B Good morning, it is six half
to five News Talks. They'd be great to have your
company this morning. The US economy, it's the biggest in
the world, so we do care what happens there, and
they're going backwards for a quarter one. But there's a
lot of tariff noise in there. We'll break it down
with Mitch mccanney's stateside for US this morning. Winston Peter's
on the utter Teddy and the doctors now five hours
(00:34):
into their strike. Will talk to them. Plus the kids
in Finland going to school today without their phones, just
like ours. US talks at B. The agenda Thursday, the
first of May. Pinching a punch for the first of
the month. So the US economy, yes, it has shrunk,
it has gone backwards for the first quarter. This is
Donald Trump's second term and he did seek to roll
(00:56):
out the tariffs and it's having an effect. GDP down
point three three percent in the first three months, down
from two point four percent in the last quarter of
twenty twenty four. The White House traded by A Zapete
Navarro has brushed off concerns blaming the media. The Marcus
need to like look beneath the surface.
Speaker 1 (01:13):
It out.
Speaker 2 (01:14):
We had a twenty two percent increase in domestic investment.
That is off the chance when we strip out inventories
and the negative effects of the surgeon mports because of
the terroriiffs, you had three percent growth. So we really
like where we're at now. He's sort of right. I'll
(01:34):
get to that later on. Ukraine ready to sign that
long awaited minerals deal with the United States. The Minister
of Commerce heading to Washington. Apparently the question does Washington
want to sign it? We'll talk to much McCann about
that later on too. Pakistan's claims to have credible intelligence
that India is planning an imminent military strike as follows
(01:57):
escalating tensions following the terrorist attack can kashmm Here's CNN's
Sophia Cipher.
Speaker 3 (02:02):
What we're anticipating is as the information that minister has
said without really sharing much evidence, that there is going
to be a strake, Pakistan has been on alert. At
the same time, India has also suspended the Indus Water Treaty,
which had been around since the nineteen sixties, and Pakistan's
defenseman is still when this happened last week, came out
(02:23):
and said that this would be considered an.
Speaker 4 (02:25):
Act of war.
Speaker 2 (02:27):
And you know this chick. People love to hate Katy Perry.
I don't know why people hate Katy Perry, but everyone
hates Katy Perry is the trendy thing to do at
the moment. Anyway, she has come out and said this
is about the backlash to her trip to space. She's
come out finally online and said she admitted feeling battered
(02:50):
and bruised by the reaction, saying the online world had.
Of course, she tried to be human and the online
world has brought her down. That's what the line world does,
isn't it. That's your agenda?
Speaker 1 (03:02):
Nine after five, Ryan Bridge on affili edition with one
roof make your property search simple us dog zibby.
Speaker 2 (03:11):
Now, this business about teaching financial literacy in school's easiest.
Yes from me. This year should have happened a long
time ago, but better late than ever, so I'm happy
with this. Last night I went on TikTok and if
you haven't done that before, it's the medical equivalent of
smoking an ounce worth of cannabis. It's brain rot it's
(03:32):
terrible for you anyway. So many of the stories were
young people complaining that they were poor, complaining that they
were broke, but also a lot of animosity, a lot
of hating on those with more means than them, you know,
ripping into rich prick bankers and finance people because they
(03:53):
wear suits and therefore they must be evil. Some were
literally crying on the phone in the car about just
how unjust the world is. Now. This is a problem
because envy gets you nowhere in life, and envy won't
get you a new job, it won't balance your budget,
it won't help you save, or once you get to
a certain point, won't help you invest. It's clear that
(04:16):
a lot of this is kids simply never having been
taught basic financial literacy. How interest works, how mortgages work,
the fact that by the time you pay your house off,
you've actually basically pay for it twice. How business works,
how you can set up a business if you hate
your job and you've got a great idea saving the pennies,
(04:38):
take care of the pounds. All of those things. Knowledge
is power, and with a bit of hope and a
bit of ambition, a bit of hard work and perseverance.
I genuinely believe that anybody can achieve pretty much anything.
It will be harder for some people than it will
be for others. But I genuinely believe that this country's
(04:58):
wealthiest man dropped down university lived off a packet of
noodles a day to build his business basically from the
ground up. Yes, there are trumps and there are silver
spooners out there, but actually these days there's more new
money than old. We should all want to live in
a society where financial freedom, and that will be different
(05:19):
for different people, whether that is just having a small
retirement fund, whether it's owning a home, whether it's being
a billionaire. We should all want to live in a
society where those things are possible, and that all starts
with knowledge, and knowledge you get by education. So I say,
(05:40):
bring on the teaching bread. Bread's just gone eleven minutes
after five news talks. There'd big and also working. I mean,
how many young people are working these days? And you
know I had to start a forced labors child labor. Actually,
when mum got us on a paper round at nine,
she did come around with us, and I mean, this
is the thing I have the benefit of a parent
(06:02):
who was very strict about true anything, but very strict
about you have to work for your own money, and
you do the paper round and then if you're lucky,
you got promoted to doing the evening post, which pay more,
and then the milk runt, you know, and so many,
so many young key wes do this, but not as
much anymore, which is a shame. Nine two nine two
(06:25):
the numbers text it is twelve after five. Reaction to this.
Speaker 1 (06:28):
Next the first word on the News of the Day
early edition with Brian Bridge and one Room Make your
Property search Sivil News talks.
Speaker 2 (06:38):
That you're to the union on the strike today in
just a second, fourteen minutes after five. But the big
story this morning is what's happening in the US. Their
economy for the first quarter has contracted. It's gone backwards
point three percent. Now a couple of reasons for this.
Two reasons. Actually consumer spending slowed, those still up. Government spending,
(06:59):
you know, Elon Muster has been slashing and burning. That's
come back as well. But the big problem was the
trade war. Everybody rushed out and you know, they said
this would happen. Everybody rushed out to get ahead of
the tariffs. So you import your iron ore, you import
your car parts, you import your machinery, whatever you can
get your hands on, just get it into the country
ahead of the tariffs. So they did that, and your
(07:23):
imports go through the roof, and then your net exports,
which is what you're sending out versus what you're bringing in.
They wipe five percent off your headline GDP number. That's massive,
five percent off the headline number. Biggest surgeon imports since
nineteen forty seven in the United States. Now, this thing
(07:44):
is temporary. This is what I wanted to get to.
This is temporary right overall. This is actually a pretty
solid number considering where America is. Mitch McCann is with
us out of the States after the news at half
past Ryan Bridge after five now, so financial literacy will
be taught two years one to ten in New Zealand
(08:05):
from next year. This is income, it's spending, it's saving,
its interest, tax, insurance, you name it. Money Me CEO
Neil Edmund is with me this morning to discuss Neil,
good morning.
Speaker 5 (08:15):
Good morning, Ryan, how are you very well?
Speaker 2 (08:17):
Thank you? What's the level of financial literacy at the moment,
Like you know, how much do they know about money.
Speaker 5 (08:24):
Well, I know some there's various programs available in schools
for quite a while now, but unfortunately, it just hasn't
been very clear in the curriculum exactly where personal finance
is to be taught or how, and so it's just
really heartening to see that the Ministry of Education is
coming out and saying that they've been getting a lot
clearer about what is to be taught and where. So
(08:47):
I think it's a really good thing.
Speaker 2 (08:48):
Yeah, and they're doing it's going to be compulsory. There's
going to be resources going to all schools. What do
you think this will do for the kids and for
future generations of kids.
Speaker 5 (09:02):
I think it's going to have a massive impact because
financial education and financial literacy is something that every single
person relies on as they go through life. They learn
how to manage their money and make the best use
of it, and up until now it hasn't been really
clearly promoted. I guess they're better good word to use
(09:25):
in schools, and so now that it is going to
be going forward, they're just going to be the position
to make a lot better financial decisions. They're not going
to have to do the trial and error that we
all had to do we were growing up into adults.
Speaker 2 (09:39):
You provide resources to seven hundred and fifty schools. What
are the kids, what are they most surprised to learn about,
or what do they like learning about?
Speaker 5 (09:48):
I think the feedback that we get from the kids
is they like pretty much all of it because they
realize that it's going to be things that they can
use in their own lives going forward. It's not abstract
things like economics or difficult things to get their heads around,
like trigonometry. It's actually real life stuff that they know
(10:11):
that they're going to use, and so we find that
the kids are actually genuinely enthusiastic about learning it, which
is great.
Speaker 2 (10:18):
Do you who's most keen to learn about it? Do
you find kids who already have money or kids who don't.
Speaker 5 (10:26):
I think it's a combination of both. The kids that
do have money, it's really important that they learn what
to do with it so that they can use it effectively,
so that they can they end up being generally being
the economic main economic contributors to driving the economy for it,
and certainly the kids that don't have it, it's important
(10:47):
that they know it because it's a way of helping
them get out of their current situation into a better one.
Speaker 2 (10:54):
Neil, appreciate your trying This morning, Money me Ceo Neil Edmund.
It is nineteen after five news talks. There'd be coming
up next. That's the strike. It's already underway. Four thousand
procedures and surgeries will be canceled. We'll ask why.
Speaker 1 (11:07):
Get ahead of the headlines on early edition with Ryan
Bridge and one roof Make your Property Search Simple news talks.
Speaker 2 (11:16):
There'd be five twenty one news talks. There'd be lots
of feedback on the kids learning literacy and school of
financial literacy and schools. We'll get to that in just
a second. Right now, five thousand senior doctors striking. They're
about five hours into the strike. Now it ends at
midnight tonight. Four thousand surgeries and procedures that could have
happened today won't happen today. Doctor Katie ben is the
President Association of Salaried A Medical Specialists with me this morning, Katie,
(11:39):
Good morning, good morning, Thank you for being with me. Now,
can you run us through I thought we would start
with just an example. Can you run us through what
your average day looks like? How long you're weak is
how long you're working, how bad the problem is.
Speaker 6 (11:57):
Our forage day is eleven hours. You arrive at work,
you see the patient's booked for the morning. You have
to wait for a bit to find out if there's
a bed for them to go into, So you don't
know if you're actually going to start your theater list
on time because you don't know if the hospital can
take the patients after their operations. Theater lists usually start
close to time. You're then working non stops through the day.
(12:21):
There's not enough staff to give anyone a lunch break
or a key break, or in fact even a bathroom break.
So often I'm in theater or taking patients recovery or
getting on with the next case non stop for somewhere
about ten or eleven hours. Invariably because you didn't start
on time because you were waiting for the bed situation,
(12:42):
you run late. So I tend to finish work. I
should finish work about six if I tend to finish
working more like seven on most nights, and then I
come home. If I am on call, then I will
stay working and be available on my phone for any
emergencies throughout the night until eight o'clock the following morning,
(13:02):
So that's actually a twelve a ten hour day followed
by a fourteen hour on call overnight shift. Invariably you
are in and working for most of it.
Speaker 2 (13:11):
How many on call standard day? How many on call
are you doing on call every night?
Speaker 6 (13:16):
Not every night? The frequency of on calls depends on
the size of the department you're in. So I will
be on call at least every four weekends.
Speaker 2 (13:27):
And how many days per week are you working? These
ten or liven Nowadays.
Speaker 6 (13:34):
If I'm working a weekend, I'm working twelve.
Speaker 2 (13:36):
Days on the drop, and then how many do get
off after that?
Speaker 6 (13:41):
It depends. If you work the weekend in the middle
of the week's alday Monday to Friday, then I'll work
the weekend. Then I'll do Monday to Friday, and then
I'll get the weekend off, and then I'll be back
at work on Monday.
Speaker 2 (13:53):
And there's no toilet breaks, and there's no lunch breaks
or toilet breaks. If you're lucky, I mean, obviously you
have to do it what.
Speaker 6 (14:00):
You tend to be honest, you tend not to drink
that much because you know you're not going to get
to the bathroom anyway, what do you get paid?
Speaker 2 (14:06):
Can I ask you?
Speaker 6 (14:10):
I you are welcome to ask me. I am on
the AFMs mecha, which is a freely available document for
anyone to read. I've been a doctor for sixteen years
in this country, a senior medical officer, and I'm not
yet on the top step. So we have fifteen steps.
(14:30):
I am currently on step thirteen. So it's I'm trying
to work out if you're afternoon anything like that. Very rough.
I it's approximately two hundred and thirty thousand a year.
(14:57):
I'm checking my salary scale. Here we go, steps sen
I'm lying it's two hundred and fifty thousand.
Speaker 2 (15:02):
Okay, do you know what I'm going to come I'm
going to come back up because we've just run out
of time. But I want to talk to some more Kate,
because there's a there's a good reason you're going on
strike today. I think you've outlined some of it. That's
doctor Kate Ben, president of the Association of Salary Medical Specialists,
on strike today. Twenty five minutes after five. We will
come back to her. You're on News Talks.
Speaker 1 (15:22):
Heb the Early Edition film show podcast on iHeartRadio. Now
It by news.
Speaker 2 (15:27):
Talks it me. You're on news Talks B twenty siven
minutes after five. Doctor Katie Ben, who's the president of
the Association of Salary Medical Specialists with me this morning,
returning from before the break. They're on strike today. If
you're going to the hospital, you may have a problem.
Four thousand surgeries and procedures won't happen today that should
have happened, you will have been let know, doctor Katie,
(15:47):
thanks for staying with me over the break. Now you've
just outlined your what your workday looks like and what
you will pay is is this payoffer? The clincher here
is the fact that you're not getting a higher increase.
What's making you strike.
Speaker 6 (16:05):
What's making us strike is that we don't have enough
doctors on the roster. And in order to get more
doctors on the roster, we need to recruit more doctors
into New Zealand and we need to keep the ones
that we train here staying here. To do that, we
need to be competitive with salary in terms and conditions.
Because our closest neighbor is Australia, they're starting senior specialist
(16:28):
doctors will start on a higher salary than our finishing
senior specialist doctors.
Speaker 2 (16:36):
What would you get over there? Head? Do you know
how much or how much more might you get?
Speaker 3 (16:40):
Oh?
Speaker 6 (16:40):
I looked into it. I would get one hundred thousand
more Australian dollars after tax per year for working approximately
sixty percent of the hours I work now support from
junior doctors.
Speaker 2 (16:54):
Can I just be honest with you? Why don't you
do it?
Speaker 6 (16:58):
I've settled in. I have family in Nelson who are
in school. I have friends, networks, communities, I have long
life here and also I feel I'm not Kiwi by birth.
I'm Kee we buy adoption and citizenship after being here
(17:20):
some years, I feel a sense of loyalty to the
country that housed me.
Speaker 2 (17:25):
He do that loyalty being tested at the moment. The
doctor strike will last. That was a fascinating insight, wasn't it.
The day in the life of a senior doctor will
last until midnight Tonight News Talks B We'll get to
our reporters next little.
Speaker 1 (17:48):
On your radio and online on iHeartRadio Early Edition with
Ryan Bridge and one Roof, Make your Property Search, Simple
News Talk ZIB.
Speaker 2 (18:03):
Give Mourning. It is twenty four minutes away from six
welcome to your Thursday. Great to have your company. The
US economy is going backwards quoter one GDP data route.
We'll get to Mitch McCann state side and Whinston Peter's
on the ferries before top of the lots of your
feedback on our doctor. We'll get to that a.
Speaker 1 (18:19):
Little later on too, Bryan Bridge.
Speaker 2 (18:22):
Right now, Mark Mitchell, he's got a bit on his
plate at the moment. He'll be happy with the score
he got from Audrey Young in her ranking of ministers
for midterm. But I reckon he is holding on to
a ticking time bomb. This is the case of the
beautiful young Colombian woman woman in christ Church living next
door to a monster. She didn't know he'd been let
(18:44):
out of prison ten weeks before he raped her and
stabbed her to death. He was on parole, by the way.
And here's the problem. Corrections knew he was quote a
high high high risk. Any young attractive woman near him
would be a target. Poor Juliana Bonella head Eda. That
(19:06):
was the woman she lived next door. She didn't know
about his past, and Corrections somehow didn't know she'd moved
in next door to this animal. Now, since we spoke
about this the other day. A couple of things have happened,
a couple of updates for you, And this is where
Mitchell comes in. This guy was on parole right, which
means he's been let out of prison early. Could still
(19:27):
be in prison, but you're not because we've let you out.
Now you wonder how many other high risk offenders like
this guy are released from prison early? And is this,
you know, a good idea? Well? A senior correction staff
for this week says they're regularly being let out early
and let into the community, not just people like this guy,
(19:50):
but people with quote even higher risk Here's what I reckon.
This case and a long list of parole botch ups
before it are all the evidence you need that we
can't trust the system once these guys make it outside.
The government should immediately pause the release of high risk,
(20:12):
violent thugs into our communities. Everyone loves to talk about
safety first. Well, here's a bloody good place to start.
This ticking time bomb is in Mark Mitchell's lap, twenty
two minutes away from six News Talk to B. We'll
get to our reporters around the country now. Colum Procter
and Dnedin first Culum. Good morning to you, Hi, Ryan,
(20:34):
Doc making some changes to a Feudland tract. What's this about?
This is the.
Speaker 7 (20:40):
Lake Marion Track and a new viewing platforms being built
there where a young girl died in January twenty twenty four.
This was ten year old Tigue and Change. She was
on holiday from Australia when she slipped into the Marion
Creek from this platform and was instantly swept out of
sight in what is a very fast flowing creek there. Sadly,
(21:00):
Dosa's planning for the upgrade was underway before her death.
They say barriers there now will protect people while this
new platform is built, and the Lake Marion Track has
closed until May thirtieth. Access to the Falls track will
be limited during the construction of this new platform.
Speaker 2 (21:16):
Okay, weather the odd.
Speaker 7 (21:18):
Lightsholler from this afternoon mostly cloudy. Hi, have only ten today.
Speaker 2 (21:22):
Clears and christ it's clear good morning. Feeding ka could
soon be illegal in the Selwyn district.
Speaker 8 (21:27):
Well, that's right, Ryan. The district council, the Salwyn District
Council that is, has been investigating the possibility of a
bye law around feeding of kia for about two years now.
But they've told US that they're expected to provide an
update and some more clarity on that possibility within the
next six months. It says feeding kia is not good
for their health and can also encourage scavenging, which means
(21:49):
they come closer to humans and then of course have
a high risk of being hit by cars. If deemed suitable,
this by law would allow the Council to have the
legal authority to stop humans from feeding the birds. Questions
obviously in relation to how that may be policed. But
kia are of course listed as threatened internationally endangered with
a population of fewer than five thousand. How's you wear
(22:12):
the clear an orange heavy rain warning in place for
US until six to night met Services. We should expect
at least another one hundred millimeters of rain, moderate chance
of that upgrading to a red warning. Windy as well,
with southerly's the high only eleven.
Speaker 2 (22:25):
Take care Max Wellington. How's your storm?
Speaker 9 (22:28):
Yeah, strongest southerly's in the region for more than a decade.
Apparently not just today but tomorrow as well. That's the forecast.
Southerly southwesterlies up to one hundred and thirty k gusts
in twenty thirteen they had one hundred and forty so
strong biting winds, heavy rain as well, peaking at only
twelve thirteen ish degrees both today and tomorrow. Inter Runanda
(22:49):
crossings are already canceled until Friday are due to large swells.
There may be further disruption beyond that as well. We'll
be checking on trees, power lines, fences, roofs. This morning.
A couple of incoming flights canceled so far. We'll be
monitoring the Wellington Airport bulletin board. Bad elsewhere as well,
warnings in Bay of Plenty, Canterbury, k Colder, Marlborough, some
(23:10):
flooding around Canterbury and on the West coast, so not
just us and I guess now I don't need to
do the weather right.
Speaker 2 (23:17):
That's a great point. We're short on time, so I'm
pleased Max have a wonderful day. We'll try to set
a wonderful day. Neva's and Auckland Neva, good morning, greetings.
Now you're the sign.
Speaker 4 (23:27):
I know the people you're signed. I had to bring
this back because even though I started talking about it
a couple of days ago, we've hit a few inquiries.
So what's happened, what's the decision. So I can tell
you that a replica of this popular fifteen meter blue
sign and pammua that's going to be placed at a
different location.
Speaker 2 (23:43):
A replica. What's wrong with the original?
Speaker 4 (23:45):
Well, apparently it's not looking flesh at all. It's like, yeah,
I only couldn't fix it up. They couldn't. So the
local board did want parts of the original sign to
be incorporated, but you know, it wasn't viable due to
its condition. So I think it's really yeah, but craddy, craddy.
Speaker 2 (24:01):
Okay, so they'll get it. They'll get it one that
looks like the old one, and it's put in a
different place, at.
Speaker 4 (24:06):
A different location. But they won't reveal that location yet,
So there you go.
Speaker 2 (24:09):
It'd be funny if it wasn't pamure.
Speaker 4 (24:13):
So well, okay, betting down the heaches. As Max said,
we're getting that weather as well. We've got a shower,
strong winds. Twenty is the high you're.
Speaker 2 (24:23):
In Auckland, brilliant, never thank you. It is eighteen minutes
away from six year On news talk hereb the world's
largest economy is going backwards quarter one GDP data rat mark. No,
sorry mate, Mitch, goodness me Mitch is here from the
United States.
Speaker 1 (24:41):
Next international correspondence with ends and eye insurance, feace of
mind for New Zealand business.
Speaker 2 (24:48):
It is quarter to seven. You're on a quarter to six. Rather,
you're on news talk seed be able to get to
Mitch mccannon state side, Mitch, good morning, Good morning, Ryan.
How are you. I'm very well, Thank you extually a
loud of breath, just just ran back to the completely
honest with you. But speaking of out of breath. So's
the American economy for quarter one? Yeah, that's right.
Speaker 10 (25:08):
The US economy for the first three months of twenty
twenty five has essentially gone backwards. It's contracted at a
figure of zero point three or negative zero point three percent.
Now that's the first contraction of the US economy since
twenty twenty two. So that's significant news today. And you know,
for the majority of those months, Donald Trump in fact
was the president, but he said on social media and
(25:31):
in person, this was Biden.
Speaker 2 (25:32):
This wasn't Trump.
Speaker 10 (25:33):
He said he was against the way that Biden was
destroying the economy. And the decline in the GDP for
this first three months was driven almost entirely by increases
in imports and The reason for that is that many
American businesses have been importing products from overseas before these
tariffs took effect to try and save their businesses. This
is a big issue for many businesses and of course
(25:55):
many Americans.
Speaker 2 (25:58):
Some arguments would be, well, this is temporary, they've pulled
for those imports. But actually the underlying number wasn't too bad. Yeah, well,
that's right.
Speaker 10 (26:07):
Donald Trump has alluded to that in this cabinet meeting
which he broadcasts for almost forty minutes earlier today, and
he pointed out the fact that one of the figures,
one of the positive figures, was really high, and there
was private investment in the United States was up around
twenty two percent. And we've seen that from some of
these large companies like Oracle, you know, other blood companies,
tech companies like that that have decided to build billion
(26:29):
dollar businesses in the United States. So while the overall
figure was negative, Donald Trump says, there are a few
bright spots in there.
Speaker 2 (26:36):
Ukraine apparently ready to sign this mineral deal with the US.
Is the US going to sign it? Do we know?
Speaker 6 (26:42):
Yeah?
Speaker 10 (26:42):
Well, in that same cabinet meeting, the Treasury Secretary Scott
Besson said that yes, they are ready to sign it
as early as this afternoon. This is a deal that
would give the United States access to the rich minerals
in Ukraine for an exchange for continued aid for the
war against Russia. Although Donald Trump is said in the
week their war could be over in a matter of weeks,
(27:03):
although he has pointed out that he now thinks Vladimir
Putin could be stringing him along.
Speaker 2 (27:08):
All right, Mitch, we'll leave it there, thanks mate, Mitch.
We can our US correspondent with ours stateside this morning
time is twelve minutes away from six News Talk Seed Beat.
We're going to get to Winston Peters in just a
few moments because the Outher Teddy I mean sailings actually
generally aren't happening much in Wellington at the moment because
of the weather. But the Other Teddy won't be operating
for the next wee. While we got Winston Peters, we
(27:31):
do so inter island a fleet will go from three
to two. Key Rail set to retire one of its ferries.
It's been a long haul of the other Teddy. Yes,
it's the same one that ran around and picked in
last year. If you were wondering the two new rail
fairies currently expected to arrive twenty twenty nine. Winston Peter's
the rail minister with me this morning, Minister, good morning,
good morning. So one hundred and twenty million dollars is
(27:54):
what it would have cost to upgrade a port to
keep this particular fury running for the next three years
as a stop gap? Is that right.
Speaker 11 (28:03):
Now it would be an attempt to try and juggle
things around while you built a temporary arrangement to fill
things out in the meantime. And really that was a cost.
It didn't make any sense at all, and so the
decision has been made vi qu Rail to ensure that
we maintain a service not as good as a pass,
(28:27):
but something that will enable us to appare properly for
the future. With the kaitiarchy and.
Speaker 2 (28:33):
Kayah down to two vessels, what does that mean for crossings?
How many few are, how much less freight? What's the
impact on our.
Speaker 11 (28:43):
Well, it'll be supplemented by it'll be submitted the fair question.
It will be suppmented by added shipping around the coast
as well and a reformulated program. But they've assured both
us and the customers, their customers that it can be
done where confident it can be. The real issue here, though,
(29:03):
of course, was a serving enormous amount of money that
would have been lester than the old plans, which is,
you know, blown out from the very modest figure we
started with to almost on the treasury four billion dollars.
Speaker 2 (29:18):
I get that. But you're saying the one hundred and
twenty million dollars is what we would have to pay
in order to have three ferries operating for the next
three years. Is that what you're.
Speaker 11 (29:29):
Saying, No, it's far more complicated than that. What has
happened a course, is that there's always going to be
at time when we had to deal with the particularly
the side of the of the shipping lane that's set
at the top of the South Island, that was always
going to beg the a major problem, and we've only
(29:51):
got two hundred meters of face to work and as
a consequence, trying to adjust to get the Chrea to
continue would have required that one hundred and twenty million
plus expenditure rather than to take this is that Kere
Rail has taken right.
Speaker 2 (30:10):
So it is fair to say that without one hundred
and twenty million dollars we wouldn't be able to have
arditating operating exactly right, okay.
Speaker 11 (30:19):
And also and also we are trying to build something
for the next sixty years in terms of infrastructure, totally
get that's a critical point.
Speaker 2 (30:27):
But for the next three years or three and a
half years, are you saying there will be no impact
on our supply chains on our freight.
Speaker 11 (30:36):
There will be an impact, but nothing that cannot be
handled that we've been assured by a q rail example,
seating on the fairy feet for passioners and carerail is completent,
can accommodate fate. It will make changes, for example, to
its rail fate and ferry federals to optimize the supply chain.
So fairy faith like grain isn't going to be transferred
into rail fairs. So if more likely we'll go mostly
(30:59):
go by a way of shit. But you can see
that the read asments that have to be made. But
in the end, no, we'll keep the supply line going
while preparing for a far better future.
Speaker 2 (31:10):
We are talking about nine hundred and twenty cars one
hundred and twenty rail cars per day that'll be taken
out of action. You're saying we are going to be
able to find a solution of work around for all
of that, so there's no disruption. It does sound ambitious, well.
Speaker 11 (31:29):
Yes, ambitious it is, but this was always a huge
problem when it was first contemplated to cook straight because
of its nature. However, it is a decision that has
to be made and we've gone over the figures with
q Rail. We've gone over the calculation with Qrail after
the massive correction that we have made when I got
the job as minister last year in December. And we're
(31:52):
on our way now and look passion has traveling with
their cars might find the most popular da data settings.
Look up fast at especially busy title of the year,
but evening savings will be on off or they're going
to change the schedules to time. If you've the Clevis
going adequately.
Speaker 2 (32:10):
Enough, Winston Peters, appreciate your time, the Rail Minister. Seven
Away from six News and.
Speaker 1 (32:16):
Views You Trust to start your day is early edition
with Ryan Bridge and one Room. Make your property search simple.
Speaker 2 (32:24):
You've talked sab five away from Sex not a lot
of love for Winston. Peter's on the text machine on
the Fairies. We just had him on and to our
doctor we had on who's working ten eleven our days
and then been on call and doesn't have a lunch break,
doesn't have an afternoon tea break, and barely gets time
to go to the toilet and says, two hundred and
fifty bucks a year's great money. Get over it. There
(32:46):
you go. Mike is with us now, Mike, good morning.
Speaker 12 (32:48):
Very good morning. I'm excited about this financial stuff, aren't you?
As you still aren't school at school, it brings into
that thing what's school for? You know when? Because I
hated school and I wasn't good at school. And it
depends on see, if you were on a pathway to university,
then that was fine, so you did your physics in
your Latin and all the stuff you were going to do.
(33:08):
But for the rest of us, it was kind of
like it was more important to learn things that were.
Speaker 2 (33:13):
Useful, practical stuff, practical stuff and.
Speaker 12 (33:15):
So home ech you learned the scones, how to make bread,
stuff like that, and then of course you moved into economics.
And I was quite good at economics, economics and accounting,
and it takes you, it takes you to places.
Speaker 2 (33:28):
They had they had a thing at school when I
was there, it was like an entrepreneur thing with a
run with BP, and you had to come up with
a business. And me and my friend came up with
a business up to sell mulch, Multch, Moltch. Right, we
bolt bought mulch and then we sold it in little trade.
So you were just the middle man.
Speaker 12 (33:45):
We didn't even create the entrepreneur would have made the mulch.
There were the markup, the markup.
Speaker 2 (33:52):
No, you're just the middle man. You're the you're the
ticket clipper. Yeah, yeah, way to be. And did you
make good coin? Great coin? What are you doing here?
Speaker 6 (33:59):
Well?
Speaker 2 (33:59):
Why ain't you the multi? I was thinking this morning?
Did I actually pay tax on that?
Speaker 6 (34:02):
No?
Speaker 2 (34:03):
I don't think you didn't? Straight onto? What'd you call it?
Speaker 5 (34:06):
Rolch?
Speaker 2 (34:08):
I don't remember what we call Ryan's Ryan's pile. Anyway,
have a great day everyone, see you tomorrow.
Speaker 1 (34:18):
For more from Early Edition with Ryan Bridge, listen live
to news Talks it'd be from five am weekdays, or
follow the podcast on iHeartRadio.
The issues these and the inside. Ryan Bridge on early
edition with one roof make your Property Search Simple.
Speaker 2 (00:11):
News Talks at B Good morning, it is six half
to five News Talks. They'd be great to have your
company this morning. The US economy, it's the biggest in
the world, so we do care what happens there, and
they're going backwards for a quarter one. But there's a
lot of tariff noise in there. We'll break it down
with Mitch mccanney's stateside for US this morning. Winston Peter's
on the utter Teddy and the doctors now five hours
(00:34):
into their strike. Will talk to them. Plus the kids
in Finland going to school today without their phones, just
like ours. US talks at B. The agenda Thursday, the
first of May. Pinching a punch for the first of
the month. So the US economy, yes, it has shrunk,
it has gone backwards for the first quarter. This is
Donald Trump's second term and he did seek to roll
(00:56):
out the tariffs and it's having an effect. GDP down
point three three percent in the first three months, down
from two point four percent in the last quarter of
twenty twenty four. The White House traded by A Zapete
Navarro has brushed off concerns blaming the media. The Marcus
need to like look beneath the surface.
Speaker 1 (01:13):
It out.
Speaker 2 (01:14):
We had a twenty two percent increase in domestic investment.
That is off the chance when we strip out inventories
and the negative effects of the surgeon mports because of
the terroriiffs, you had three percent growth. So we really
like where we're at now. He's sort of right. I'll
(01:34):
get to that later on. Ukraine ready to sign that
long awaited minerals deal with the United States. The Minister
of Commerce heading to Washington. Apparently the question does Washington
want to sign it? We'll talk to much McCann about
that later on too. Pakistan's claims to have credible intelligence
that India is planning an imminent military strike as follows
(01:57):
escalating tensions following the terrorist attack can kashmm Here's CNN's
Sophia Cipher.
Speaker 3 (02:02):
What we're anticipating is as the information that minister has
said without really sharing much evidence, that there is going
to be a strake, Pakistan has been on alert. At
the same time, India has also suspended the Indus Water Treaty,
which had been around since the nineteen sixties, and Pakistan's
defenseman is still when this happened last week, came out
(02:23):
and said that this would be considered an.
Speaker 4 (02:25):
Act of war.
Speaker 2 (02:27):
And you know this chick. People love to hate Katy Perry.
I don't know why people hate Katy Perry, but everyone
hates Katy Perry is the trendy thing to do at
the moment. Anyway, she has come out and said this
is about the backlash to her trip to space. She's
come out finally online and said she admitted feeling battered
(02:50):
and bruised by the reaction, saying the online world had.
Of course, she tried to be human and the online
world has brought her down. That's what the line world does,
isn't it. That's your agenda?
Speaker 1 (03:02):
Nine after five, Ryan Bridge on affili edition with one
roof make your property search simple us dog zibby.
Speaker 2 (03:11):
Now, this business about teaching financial literacy in school's easiest.
Yes from me. This year should have happened a long
time ago, but better late than ever, so I'm happy
with this. Last night I went on TikTok and if
you haven't done that before, it's the medical equivalent of
smoking an ounce worth of cannabis. It's brain rot it's
(03:32):
terrible for you anyway. So many of the stories were
young people complaining that they were poor, complaining that they
were broke, but also a lot of animosity, a lot
of hating on those with more means than them, you know,
ripping into rich prick bankers and finance people because they
(03:53):
wear suits and therefore they must be evil. Some were
literally crying on the phone in the car about just
how unjust the world is. Now. This is a problem
because envy gets you nowhere in life, and envy won't
get you a new job, it won't balance your budget,
it won't help you save, or once you get to
a certain point, won't help you invest. It's clear that
(04:16):
a lot of this is kids simply never having been
taught basic financial literacy. How interest works, how mortgages work,
the fact that by the time you pay your house off,
you've actually basically pay for it twice. How business works,
how you can set up a business if you hate
your job and you've got a great idea saving the pennies,
(04:38):
take care of the pounds. All of those things. Knowledge
is power, and with a bit of hope and a
bit of ambition, a bit of hard work and perseverance.
I genuinely believe that anybody can achieve pretty much anything.
It will be harder for some people than it will
be for others. But I genuinely believe that this country's
(04:58):
wealthiest man dropped down university lived off a packet of
noodles a day to build his business basically from the
ground up. Yes, there are trumps and there are silver
spooners out there, but actually these days there's more new
money than old. We should all want to live in
a society where financial freedom, and that will be different
(05:19):
for different people, whether that is just having a small
retirement fund, whether it's owning a home, whether it's being
a billionaire. We should all want to live in a
society where those things are possible, and that all starts
with knowledge, and knowledge you get by education. So I say,
(05:40):
bring on the teaching bread. Bread's just gone eleven minutes
after five news talks. There'd big and also working. I mean,
how many young people are working these days? And you
know I had to start a forced labors child labor. Actually,
when mum got us on a paper round at nine,
she did come around with us, and I mean, this
is the thing I have the benefit of a parent
(06:02):
who was very strict about true anything, but very strict
about you have to work for your own money, and
you do the paper round and then if you're lucky,
you got promoted to doing the evening post, which pay more,
and then the milk runt, you know, and so many,
so many young key wes do this, but not as
much anymore, which is a shame. Nine two nine two
(06:25):
the numbers text it is twelve after five. Reaction to this.
Speaker 1 (06:28):
Next the first word on the News of the Day
early edition with Brian Bridge and one Room Make your
Property search Sivil News talks.
Speaker 2 (06:38):
That you're to the union on the strike today in
just a second, fourteen minutes after five. But the big
story this morning is what's happening in the US. Their
economy for the first quarter has contracted. It's gone backwards
point three percent. Now a couple of reasons for this.
Two reasons. Actually consumer spending slowed, those still up. Government spending,
(06:59):
you know, Elon Muster has been slashing and burning. That's
come back as well. But the big problem was the
trade war. Everybody rushed out and you know, they said
this would happen. Everybody rushed out to get ahead of
the tariffs. So you import your iron ore, you import
your car parts, you import your machinery, whatever you can
get your hands on, just get it into the country
ahead of the tariffs. So they did that, and your
(07:23):
imports go through the roof, and then your net exports,
which is what you're sending out versus what you're bringing in.
They wipe five percent off your headline GDP number. That's massive,
five percent off the headline number. Biggest surgeon imports since
nineteen forty seven in the United States. Now, this thing
(07:44):
is temporary. This is what I wanted to get to.
This is temporary right overall. This is actually a pretty
solid number considering where America is. Mitch McCann is with
us out of the States after the news at half
past Ryan Bridge after five now, so financial literacy will
be taught two years one to ten in New Zealand
(08:05):
from next year. This is income, it's spending, it's saving,
its interest, tax, insurance, you name it. Money Me CEO
Neil Edmund is with me this morning to discuss Neil,
good morning.
Speaker 5 (08:15):
Good morning, Ryan, how are you very well?
Speaker 2 (08:17):
Thank you? What's the level of financial literacy at the moment,
Like you know, how much do they know about money.
Speaker 5 (08:24):
Well, I know some there's various programs available in schools
for quite a while now, but unfortunately, it just hasn't
been very clear in the curriculum exactly where personal finance
is to be taught or how, and so it's just
really heartening to see that the Ministry of Education is
coming out and saying that they've been getting a lot
clearer about what is to be taught and where. So
(08:47):
I think it's a really good thing.
Speaker 2 (08:48):
Yeah, and they're doing it's going to be compulsory. There's
going to be resources going to all schools. What do
you think this will do for the kids and for
future generations of kids.
Speaker 5 (09:02):
I think it's going to have a massive impact because
financial education and financial literacy is something that every single
person relies on as they go through life. They learn
how to manage their money and make the best use
of it, and up until now it hasn't been really
clearly promoted. I guess they're better good word to use
(09:25):
in schools, and so now that it is going to
be going forward, they're just going to be the position
to make a lot better financial decisions. They're not going
to have to do the trial and error that we
all had to do we were growing up into adults.
Speaker 2 (09:39):
You provide resources to seven hundred and fifty schools. What
are the kids, what are they most surprised to learn about,
or what do they like learning about?
Speaker 5 (09:48):
I think the feedback that we get from the kids
is they like pretty much all of it because they
realize that it's going to be things that they can
use in their own lives going forward. It's not abstract
things like economics or difficult things to get their heads around,
like trigonometry. It's actually real life stuff that they know
(10:11):
that they're going to use, and so we find that
the kids are actually genuinely enthusiastic about learning it, which
is great.
Speaker 2 (10:18):
Do you who's most keen to learn about it? Do
you find kids who already have money or kids who don't.
Speaker 5 (10:26):
I think it's a combination of both. The kids that
do have money, it's really important that they learn what
to do with it so that they can use it effectively,
so that they can they end up being generally being
the economic main economic contributors to driving the economy for it,
and certainly the kids that don't have it, it's important
(10:47):
that they know it because it's a way of helping
them get out of their current situation into a better one.
Speaker 2 (10:54):
Neil, appreciate your trying This morning, Money me Ceo Neil Edmund.
It is nineteen after five news talks. There'd be coming
up next. That's the strike. It's already underway. Four thousand
procedures and surgeries will be canceled. We'll ask why.
Speaker 1 (11:07):
Get ahead of the headlines on early edition with Ryan
Bridge and one roof Make your Property Search Simple news talks.
Speaker 2 (11:16):
There'd be five twenty one news talks. There'd be lots
of feedback on the kids learning literacy and school of
financial literacy and schools. We'll get to that in just
a second. Right now, five thousand senior doctors striking. They're
about five hours into the strike. Now it ends at
midnight tonight. Four thousand surgeries and procedures that could have
happened today won't happen today. Doctor Katie ben is the
President Association of Salaried A Medical Specialists with me this morning, Katie,
(11:39):
Good morning, good morning, Thank you for being with me. Now,
can you run us through I thought we would start
with just an example. Can you run us through what
your average day looks like? How long you're weak is
how long you're working, how bad the problem is.
Speaker 6 (11:57):
Our forage day is eleven hours. You arrive at work,
you see the patient's booked for the morning. You have
to wait for a bit to find out if there's
a bed for them to go into, So you don't
know if you're actually going to start your theater list
on time because you don't know if the hospital can
take the patients after their operations. Theater lists usually start
close to time. You're then working non stops through the day.
(12:21):
There's not enough staff to give anyone a lunch break
or a key break, or in fact even a bathroom break.
So often I'm in theater or taking patients recovery or
getting on with the next case non stop for somewhere
about ten or eleven hours. Invariably because you didn't start
on time because you were waiting for the bed situation,
(12:42):
you run late. So I tend to finish work. I
should finish work about six if I tend to finish
working more like seven on most nights, and then I
come home. If I am on call, then I will
stay working and be available on my phone for any
emergencies throughout the night until eight o'clock the following morning,
(13:02):
So that's actually a twelve a ten hour day followed
by a fourteen hour on call overnight shift. Invariably you
are in and working for most of it.
Speaker 2 (13:11):
How many on call standard day? How many on call
are you doing on call every night?
Speaker 6 (13:16):
Not every night? The frequency of on calls depends on
the size of the department you're in. So I will
be on call at least every four weekends.
Speaker 2 (13:27):
And how many days per week are you working? These
ten or liven Nowadays.
Speaker 6 (13:34):
If I'm working a weekend, I'm working twelve.
Speaker 2 (13:36):
Days on the drop, and then how many do get
off after that?
Speaker 6 (13:41):
It depends. If you work the weekend in the middle
of the week's alday Monday to Friday, then I'll work
the weekend. Then I'll do Monday to Friday, and then
I'll get the weekend off, and then I'll be back
at work on Monday.
Speaker 2 (13:53):
And there's no toilet breaks, and there's no lunch breaks
or toilet breaks. If you're lucky, I mean, obviously you
have to do it what.
Speaker 6 (14:00):
You tend to be honest, you tend not to drink
that much because you know you're not going to get
to the bathroom anyway, what do you get paid?
Speaker 2 (14:06):
Can I ask you?
Speaker 6 (14:10):
I you are welcome to ask me. I am on
the AFMs mecha, which is a freely available document for
anyone to read. I've been a doctor for sixteen years
in this country, a senior medical officer, and I'm not
yet on the top step. So we have fifteen steps.
(14:30):
I am currently on step thirteen. So it's I'm trying
to work out if you're afternoon anything like that. Very rough.
I it's approximately two hundred and thirty thousand a year.
(14:57):
I'm checking my salary scale. Here we go, steps sen
I'm lying it's two hundred and fifty thousand.
Speaker 2 (15:02):
Okay, do you know what I'm going to come I'm
going to come back up because we've just run out
of time. But I want to talk to some more Kate,
because there's a there's a good reason you're going on
strike today. I think you've outlined some of it. That's
doctor Kate Ben, president of the Association of Salary Medical Specialists,
on strike today. Twenty five minutes after five. We will
come back to her. You're on News Talks.
Speaker 1 (15:22):
Heb the Early Edition film show podcast on iHeartRadio. Now
It by news.
Speaker 2 (15:27):
Talks it me. You're on news Talks B twenty siven
minutes after five. Doctor Katie Ben, who's the president of
the Association of Salary Medical Specialists with me this morning,
returning from before the break. They're on strike today. If
you're going to the hospital, you may have a problem.
Four thousand surgeries and procedures won't happen today that should
have happened, you will have been let know, doctor Katie,
(15:47):
thanks for staying with me over the break. Now you've
just outlined your what your workday looks like and what
you will pay is is this payoffer? The clincher here
is the fact that you're not getting a higher increase.
What's making you strike.
Speaker 6 (16:05):
What's making us strike is that we don't have enough
doctors on the roster. And in order to get more
doctors on the roster, we need to recruit more doctors
into New Zealand and we need to keep the ones
that we train here staying here. To do that, we
need to be competitive with salary in terms and conditions.
Because our closest neighbor is Australia, they're starting senior specialist
(16:28):
doctors will start on a higher salary than our finishing
senior specialist doctors.
Speaker 2 (16:36):
What would you get over there? Head? Do you know
how much or how much more might you get?
Speaker 3 (16:40):
Oh?
Speaker 6 (16:40):
I looked into it. I would get one hundred thousand
more Australian dollars after tax per year for working approximately
sixty percent of the hours I work now support from
junior doctors.
Speaker 2 (16:54):
Can I just be honest with you? Why don't you
do it?
Speaker 6 (16:58):
I've settled in. I have family in Nelson who are
in school. I have friends, networks, communities, I have long
life here and also I feel I'm not Kiwi by birth.
I'm Kee we buy adoption and citizenship after being here
(17:20):
some years, I feel a sense of loyalty to the
country that housed me.
Speaker 2 (17:25):
He do that loyalty being tested at the moment. The
doctor strike will last. That was a fascinating insight, wasn't it.
The day in the life of a senior doctor will
last until midnight Tonight News Talks B We'll get to
our reporters next little.
Speaker 1 (17:48):
On your radio and online on iHeartRadio Early Edition with
Ryan Bridge and one Roof, Make your Property Search, Simple
News Talk ZIB.
Speaker 2 (18:03):
Give Mourning. It is twenty four minutes away from six
welcome to your Thursday. Great to have your company. The
US economy is going backwards quoter one GDP data route.
We'll get to Mitch McCann state side and Whinston Peter's
on the ferries before top of the lots of your
feedback on our doctor. We'll get to that a.
Speaker 1 (18:19):
Little later on too, Bryan Bridge.
Speaker 2 (18:22):
Right now, Mark Mitchell, he's got a bit on his
plate at the moment. He'll be happy with the score
he got from Audrey Young in her ranking of ministers
for midterm. But I reckon he is holding on to
a ticking time bomb. This is the case of the
beautiful young Colombian woman woman in christ Church living next
door to a monster. She didn't know he'd been let
(18:44):
out of prison ten weeks before he raped her and
stabbed her to death. He was on parole, by the way.
And here's the problem. Corrections knew he was quote a
high high high risk. Any young attractive woman near him
would be a target. Poor Juliana Bonella head Eda. That
(19:06):
was the woman she lived next door. She didn't know
about his past, and Corrections somehow didn't know she'd moved
in next door to this animal. Now, since we spoke
about this the other day. A couple of things have happened,
a couple of updates for you, And this is where
Mitchell comes in. This guy was on parole right, which
means he's been let out of prison early. Could still
(19:27):
be in prison, but you're not because we've let you out.
Now you wonder how many other high risk offenders like
this guy are released from prison early? And is this,
you know, a good idea? Well? A senior correction staff
for this week says they're regularly being let out early
and let into the community, not just people like this guy,
(19:50):
but people with quote even higher risk Here's what I reckon.
This case and a long list of parole botch ups
before it are all the evidence you need that we
can't trust the system once these guys make it outside.
The government should immediately pause the release of high risk,
(20:12):
violent thugs into our communities. Everyone loves to talk about
safety first. Well, here's a bloody good place to start.
This ticking time bomb is in Mark Mitchell's lap, twenty
two minutes away from six News Talk to B. We'll
get to our reporters around the country now. Colum Procter
and Dnedin first Culum. Good morning to you, Hi, Ryan,
(20:34):
Doc making some changes to a Feudland tract. What's this about?
This is the.
Speaker 7 (20:40):
Lake Marion Track and a new viewing platforms being built
there where a young girl died in January twenty twenty four.
This was ten year old Tigue and Change. She was
on holiday from Australia when she slipped into the Marion
Creek from this platform and was instantly swept out of
sight in what is a very fast flowing creek there. Sadly,
(21:00):
Dosa's planning for the upgrade was underway before her death.
They say barriers there now will protect people while this
new platform is built, and the Lake Marion Track has
closed until May thirtieth. Access to the Falls track will
be limited during the construction of this new platform.
Speaker 2 (21:16):
Okay, weather the odd.
Speaker 7 (21:18):
Lightsholler from this afternoon mostly cloudy. Hi, have only ten today.
Speaker 2 (21:22):
Clears and christ it's clear good morning. Feeding ka could
soon be illegal in the Selwyn district.
Speaker 8 (21:27):
Well, that's right, Ryan. The district council, the Salwyn District
Council that is, has been investigating the possibility of a
bye law around feeding of kia for about two years now.
But they've told US that they're expected to provide an
update and some more clarity on that possibility within the
next six months. It says feeding kia is not good
for their health and can also encourage scavenging, which means
(21:49):
they come closer to humans and then of course have
a high risk of being hit by cars. If deemed suitable,
this by law would allow the Council to have the
legal authority to stop humans from feeding the birds. Questions
obviously in relation to how that may be policed. But
kia are of course listed as threatened internationally endangered with
a population of fewer than five thousand. How's you wear
(22:12):
the clear an orange heavy rain warning in place for
US until six to night met Services. We should expect
at least another one hundred millimeters of rain, moderate chance
of that upgrading to a red warning. Windy as well,
with southerly's the high only eleven.
Speaker 2 (22:25):
Take care Max Wellington. How's your storm?
Speaker 9 (22:28):
Yeah, strongest southerly's in the region for more than a decade.
Apparently not just today but tomorrow as well. That's the forecast.
Southerly southwesterlies up to one hundred and thirty k gusts
in twenty thirteen they had one hundred and forty so
strong biting winds, heavy rain as well, peaking at only
twelve thirteen ish degrees both today and tomorrow. Inter Runanda
(22:49):
crossings are already canceled until Friday are due to large swells.
There may be further disruption beyond that as well. We'll
be checking on trees, power lines, fences, roofs. This morning.
A couple of incoming flights canceled so far. We'll be
monitoring the Wellington Airport bulletin board. Bad elsewhere as well,
warnings in Bay of Plenty, Canterbury, k Colder, Marlborough, some
(23:10):
flooding around Canterbury and on the West coast, so not
just us and I guess now I don't need to
do the weather right.
Speaker 2 (23:17):
That's a great point. We're short on time, so I'm
pleased Max have a wonderful day. We'll try to set
a wonderful day. Neva's and Auckland Neva, good morning, greetings.
Now you're the sign.
Speaker 4 (23:27):
I know the people you're signed. I had to bring
this back because even though I started talking about it
a couple of days ago, we've hit a few inquiries.
So what's happened, what's the decision. So I can tell
you that a replica of this popular fifteen meter blue
sign and pammua that's going to be placed at a
different location.
Speaker 2 (23:43):
A replica. What's wrong with the original?
Speaker 4 (23:45):
Well, apparently it's not looking flesh at all. It's like, yeah,
I only couldn't fix it up. They couldn't. So the
local board did want parts of the original sign to
be incorporated, but you know, it wasn't viable due to
its condition. So I think it's really yeah, but craddy, craddy.
Speaker 2 (24:01):
Okay, so they'll get it. They'll get it one that
looks like the old one, and it's put in a
different place, at.
Speaker 4 (24:06):
A different location. But they won't reveal that location yet,
So there you go.
Speaker 2 (24:09):
It'd be funny if it wasn't pamure.
Speaker 4 (24:13):
So well, okay, betting down the heaches. As Max said,
we're getting that weather as well. We've got a shower,
strong winds. Twenty is the high you're.
Speaker 2 (24:23):
In Auckland, brilliant, never thank you. It is eighteen minutes
away from six year On news talk hereb the world's
largest economy is going backwards quarter one GDP data rat mark. No,
sorry mate, Mitch, goodness me Mitch is here from the
United States.
Speaker 1 (24:41):
Next international correspondence with ends and eye insurance, feace of
mind for New Zealand business.
Speaker 2 (24:48):
It is quarter to seven. You're on a quarter to six. Rather,
you're on news talk seed be able to get to
Mitch mccannon state side, Mitch, good morning, Good morning, Ryan.
How are you. I'm very well, Thank you extually a
loud of breath, just just ran back to the completely
honest with you. But speaking of out of breath. So's
the American economy for quarter one? Yeah, that's right.
Speaker 10 (25:08):
The US economy for the first three months of twenty
twenty five has essentially gone backwards. It's contracted at a
figure of zero point three or negative zero point three percent.
Now that's the first contraction of the US economy since
twenty twenty two. So that's significant news today. And you know,
for the majority of those months, Donald Trump in fact
was the president, but he said on social media and
(25:31):
in person, this was Biden.
Speaker 2 (25:32):
This wasn't Trump.
Speaker 10 (25:33):
He said he was against the way that Biden was
destroying the economy. And the decline in the GDP for
this first three months was driven almost entirely by increases
in imports and The reason for that is that many
American businesses have been importing products from overseas before these
tariffs took effect to try and save their businesses. This
is a big issue for many businesses and of course
(25:55):
many Americans.
Speaker 2 (25:58):
Some arguments would be, well, this is temporary, they've pulled
for those imports. But actually the underlying number wasn't too bad. Yeah, well,
that's right.
Speaker 10 (26:07):
Donald Trump has alluded to that in this cabinet meeting
which he broadcasts for almost forty minutes earlier today, and
he pointed out the fact that one of the figures,
one of the positive figures, was really high, and there
was private investment in the United States was up around
twenty two percent. And we've seen that from some of
these large companies like Oracle, you know, other blood companies,
tech companies like that that have decided to build billion
(26:29):
dollar businesses in the United States. So while the overall
figure was negative, Donald Trump says, there are a few
bright spots in there.
Speaker 2 (26:36):
Ukraine apparently ready to sign this mineral deal with the US.
Is the US going to sign it? Do we know?
Speaker 6 (26:42):
Yeah?
Speaker 10 (26:42):
Well, in that same cabinet meeting, the Treasury Secretary Scott
Besson said that yes, they are ready to sign it
as early as this afternoon. This is a deal that
would give the United States access to the rich minerals
in Ukraine for an exchange for continued aid for the
war against Russia. Although Donald Trump is said in the
week their war could be over in a matter of weeks,
(27:03):
although he has pointed out that he now thinks Vladimir
Putin could be stringing him along.
Speaker 2 (27:08):
All right, Mitch, we'll leave it there, thanks mate, Mitch.
We can our US correspondent with ours stateside this morning
time is twelve minutes away from six News Talk Seed Beat.
We're going to get to Winston Peters in just a
few moments because the Outher Teddy I mean sailings actually
generally aren't happening much in Wellington at the moment because
of the weather. But the Other Teddy won't be operating
for the next wee. While we got Winston Peters, we
(27:31):
do so inter island a fleet will go from three
to two. Key Rail set to retire one of its ferries.
It's been a long haul of the other Teddy. Yes,
it's the same one that ran around and picked in
last year. If you were wondering the two new rail
fairies currently expected to arrive twenty twenty nine. Winston Peter's
the rail minister with me this morning, Minister, good morning,
good morning. So one hundred and twenty million dollars is
(27:54):
what it would have cost to upgrade a port to
keep this particular fury running for the next three years
as a stop gap? Is that right.
Speaker 11 (28:03):
Now it would be an attempt to try and juggle
things around while you built a temporary arrangement to fill
things out in the meantime. And really that was a cost.
It didn't make any sense at all, and so the
decision has been made vi qu Rail to ensure that
we maintain a service not as good as a pass,
(28:27):
but something that will enable us to appare properly for
the future. With the kaitiarchy and.
Speaker 2 (28:33):
Kayah down to two vessels, what does that mean for crossings?
How many few are, how much less freight? What's the
impact on our.
Speaker 11 (28:43):
Well, it'll be supplemented by it'll be submitted the fair question.
It will be suppmented by added shipping around the coast
as well and a reformulated program. But they've assured both
us and the customers, their customers that it can be
done where confident it can be. The real issue here, though,
(29:03):
of course, was a serving enormous amount of money that
would have been lester than the old plans, which is,
you know, blown out from the very modest figure we
started with to almost on the treasury four billion dollars.
Speaker 2 (29:18):
I get that. But you're saying the one hundred and
twenty million dollars is what we would have to pay
in order to have three ferries operating for the next
three years. Is that what you're.
Speaker 11 (29:29):
Saying, No, it's far more complicated than that. What has
happened a course, is that there's always going to be
at time when we had to deal with the particularly
the side of the of the shipping lane that's set
at the top of the South Island, that was always
going to beg the a major problem, and we've only
(29:51):
got two hundred meters of face to work and as
a consequence, trying to adjust to get the Chrea to
continue would have required that one hundred and twenty million
plus expenditure rather than to take this is that Kere
Rail has taken right.
Speaker 2 (30:10):
So it is fair to say that without one hundred
and twenty million dollars we wouldn't be able to have
arditating operating exactly right, okay.
Speaker 11 (30:19):
And also and also we are trying to build something
for the next sixty years in terms of infrastructure, totally
get that's a critical point.
Speaker 2 (30:27):
But for the next three years or three and a
half years, are you saying there will be no impact
on our supply chains on our freight.
Speaker 11 (30:36):
There will be an impact, but nothing that cannot be
handled that we've been assured by a q rail example,
seating on the fairy feet for passioners and carerail is completent,
can accommodate fate. It will make changes, for example, to
its rail fate and ferry federals to optimize the supply chain.
So fairy faith like grain isn't going to be transferred
into rail fairs. So if more likely we'll go mostly
(30:59):
go by a way of shit. But you can see
that the read asments that have to be made. But
in the end, no, we'll keep the supply line going
while preparing for a far better future.
Speaker 2 (31:10):
We are talking about nine hundred and twenty cars one
hundred and twenty rail cars per day that'll be taken
out of action. You're saying we are going to be
able to find a solution of work around for all
of that, so there's no disruption. It does sound ambitious, well.
Speaker 11 (31:29):
Yes, ambitious it is, but this was always a huge
problem when it was first contemplated to cook straight because
of its nature. However, it is a decision that has
to be made and we've gone over the figures with
q Rail. We've gone over the calculation with Qrail after
the massive correction that we have made when I got
the job as minister last year in December. And we're
(31:52):
on our way now and look passion has traveling with
their cars might find the most popular da data settings.
Look up fast at especially busy title of the year,
but evening savings will be on off or they're going
to change the schedules to time. If you've the Clevis
going adequately.
Speaker 2 (32:10):
Enough, Winston Peters, appreciate your time, the Rail Minister. Seven
Away from six News and.
Speaker 1 (32:16):
Views You Trust to start your day is early edition
with Ryan Bridge and one Room. Make your property search simple.
Speaker 2 (32:24):
You've talked sab five away from Sex not a lot
of love for Winston. Peter's on the text machine on
the Fairies. We just had him on and to our
doctor we had on who's working ten eleven our days
and then been on call and doesn't have a lunch break,
doesn't have an afternoon tea break, and barely gets time
to go to the toilet and says, two hundred and
fifty bucks a year's great money. Get over it. There
(32:46):
you go. Mike is with us now, Mike, good morning.
Speaker 12 (32:48):
Very good morning. I'm excited about this financial stuff, aren't you?
As you still aren't school at school, it brings into
that thing what's school for? You know when? Because I
hated school and I wasn't good at school. And it
depends on see, if you were on a pathway to university,
then that was fine, so you did your physics in
your Latin and all the stuff you were going to do.
(33:08):
But for the rest of us, it was kind of
like it was more important to learn things that were.
Speaker 2 (33:13):
Useful, practical stuff, practical stuff and.
Speaker 12 (33:15):
So home ech you learned the scones, how to make bread,
stuff like that, and then of course you moved into economics.
And I was quite good at economics, economics and accounting,
and it takes you, it takes you to places.
Speaker 2 (33:28):
They had they had a thing at school when I
was there, it was like an entrepreneur thing with a
run with BP, and you had to come up with
a business. And me and my friend came up with
a business up to sell mulch, Multch, Moltch. Right, we
bolt bought mulch and then we sold it in little trade.
So you were just the middle man.
Speaker 12 (33:45):
We didn't even create the entrepreneur would have made the mulch.
There were the markup, the markup.
Speaker 2 (33:52):
No, you're just the middle man. You're the you're the
ticket clipper. Yeah, yeah, way to be. And did you
make good coin? Great coin? What are you doing here?
Speaker 6 (33:59):
Well?
Speaker 2 (33:59):
Why ain't you the multi? I was thinking this morning?
Did I actually pay tax on that?
Speaker 6 (34:02):
No?
Speaker 2 (34:03):
I don't think you didn't? Straight onto? What'd you call it?
Speaker 5 (34:06):
Rolch?
Speaker 2 (34:08):
I don't remember what we call Ryan's Ryan's pile. Anyway,
have a great day everyone, see you tomorrow.
Speaker 1 (34:18):
For more from Early Edition with Ryan Bridge, listen live
to news Talks it'd be from five am weekdays, or
follow the podcast on iHeartRadio.
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