Episode Transcript
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Speaker 1 (00:01):
The issues, the interviews and the insight. Ryan Bridge on
early edition with one roof Make your Property search Simple,
News Talks.
Speaker 2 (00:11):
It'd be good morning Thursday. It is six after five.
Great to have your company. The Grocery Commissioner reckons, we
need fewer specials at supermarkets and that will make our
groceries cheaper. What's the logic here, we look at that
before six o'clock. Mitch McCann is in the US for
US this morning. The cost of insurance is going to
go up. David Seymour reckons, we'll tell you why, and
(00:33):
we'll have the minister on to explain a shakeup for
fish and game which is happening. Just come out this
morning as well. Just gone seven after five.
Speaker 1 (00:42):
The agenda.
Speaker 2 (00:43):
You've got defense ministers talking Ukraine. This is the UK
and Germany meeting in Brussels. We've heard from the UK
Defense minister.
Speaker 3 (00:51):
First, we delivered to Ukraine ten thousand drones last year.
We'll increase that tenfold this year. Last year we trained
Ukrainian forces in the UK. This year we will do
so again at home and abroad, increasing our funding for
that training.
Speaker 2 (01:11):
Now Trump has doubled the tariff to fifty percent on
steel and aluminium. In Mexico's promising countermeasures.
Speaker 4 (01:18):
We're going to bring it from twenty five percent to
fifty percent for tariffs on steel into the United States
of America, which will even further secure the steel industry.
Speaker 2 (01:33):
In the street. Mushroom Lady, which is what we're calling
her now, apparently says she did indeed vomit after eating
the deadly meal. She told the court she had only
getn a small part of the lunch, but later binge
out dessert.
Speaker 5 (01:47):
She did tell the jury that after the guests had gone,
she tucked into a cake that had been left by
her mother in law at Gail Patterson. It had hardly
been touched because people had eaten so much at the lunch,
and she finished it off binge eating two thirds of it,
and then she made herself sick.
Speaker 2 (02:08):
Don't forget this morning. The big beautiful Bill. Trump's big
beautiful Bill. Elon Musk has Musks doubled down and it stance,
calling it a disgusting abomination.
Speaker 6 (02:18):
Musk was hired to come in to this Trump administration.
He was put at the head of DOGE and really
his goal was to try and slash federal spending in
the government and this bill, and we just saw the
latest numbers from the Congressional Budget Office says that it
would add more than two trillion dollars to the federal deficit.
And so what we're hearing as well behind the scenes
(02:38):
is that that's also playing.
Speaker 2 (02:40):
A role trying to get it through the scenate. Now
nine minutes after.
Speaker 1 (02:43):
Five, the first word on the News of the Day
Early edition with Ryan Bridge and one roof Make Your
Property Search and Simple Newstorg Cippy.
Speaker 2 (02:53):
Good morning. How was the weather at your place last night?
They're getting a lot of warnings recently and we've had
a lot of thunderstorms coming. Look out, batten down the hatches.
I know that it was raining hard only because I
have EarPods in my ears when I'm trying to sleep
listening to a podcast, and the rain drowned out the podcast,
(03:14):
So I was suddenly aware that it was raining. But
other than that, I didn't really noticed much. Did you
Nine nine two the number to text? And this business
with Michael Forbes. So he's one of the Prime Minister's
pre secretaries, and he did come to the attention of
police because he recorded it was audio recordings of sex
(03:37):
workers that he was seeing and one of them found
out and reported it to the police. Anyway, no criminal
charges were laid. The Prime Minister's office reckons they got
told four pm on Tuesday afternoon. He used to work
for Lois Upton, actually who's the minister for was the
Minister for Womens's Social Development, So she finds out apparently
(04:00):
on Tuesday as well. No one has any idea of
that any of this has been going on in the background,
and they're all sort of saying no, nothing, well not
nothing to see here. He's obviously been stood down and
then he resigned on Wednesday morning. So you can just
imagine the timelines or you know, the press gallery will
be doing the timelines on all of this stuff. But
(04:20):
you cannot know, can you really everything about people that
you work with. I mean, there could be some really
weird people working here and you wouldn't know. Not looking
at you, Kenzy, not looking at you, but you know
you're He used to be a journalist too, Michael Forbes,
so presumably he's worked in a few newsrooms around the
country as well. You're not necessarily to know something like
(04:42):
that is going on, But I guess if the Prime
Minister and or the Minister Louise Upston were made aware
of something through official channels or something, then you would
expect that they would have done something about that. Anyway,
I'm sure you'll hear a lot more about that today.
It's just gone eleven minutes after five. Coming up next
the Minute of Hunting and Fishing. James Meghe he's making
(05:02):
some changes to fish and game. He'll explain them to
us next.
Speaker 1 (05:06):
On your radio and online on iHeartRadio Early Edition with
Ryan Bridge and One Roof. To make your property search
simple if you talk.
Speaker 2 (05:16):
Said, be morning, it's five point thirteen. We'll get to
your insurance premiums and why they could go up a
couple one hundred bucks a year in just a few moments. Overnight,
we've had some May data in the US. Hiring in
the US is weaker than they expected. They added thirty
seven thousand jobs, which sounds good, but it's the less
it's in fact, it's actually the slowest pace of job
creation in the US in two years. They also had
(05:39):
services activity contracting there. So Trump's coming out and saying
this isn't good enough. You know, he doesn't like power
at the Drome, Power at the Fed. He's saying he
needs to cut cat cut, cut, cut cut, make the
economy go faster, faster, faster, because things are starting to
turn for them. Things are starting to look a little
bit down. This is at least for May. It is
(06:00):
fourteen after five Ryan. The governments announced this morning an
overhaul of fishing game in z to improve management of
fishing and hunting resources. Changes include things like making license
holder is eligible to stand in fishing game elections more
of them, shifting to a national fee collection system, and
requiring a national policy around restricting court proceedings. Minister for
(06:22):
Hunting and Fishing is James Mega with me this morning. James,
Good morning, morning, Ran. Good to have you on the show.
This all sounds quite complicated, is it. Why do you
need to do anything to fit to fishing game.
Speaker 7 (06:34):
Yeah, a lot of the reformers some technical reform, but
for a while we've seen that fishing game has had
some issues around how efficiently it operates. There's been a
bit of dysfunction between the regions and the National Council.
So pre election we campaign on modernizing and reforming fishing games.
So we're going to pull it out of the Conservation
Act make its own standalone act and then tidy up
(06:55):
some of the issues around consistency across the country and
is operations of the regions and make sure that license
holders get better value for money.
Speaker 2 (07:05):
Has this got anything to do you know the fed
farmers in south and have the stats for fishing game
and fishing game are going and advocating for cleaner waters
and it's affecting the farmers there. Has got anything to
do with that? Will it change anything to do with that?
Speaker 7 (07:19):
Yeah, So that's an example of some of the consequences
of how the organization has been running over the past
few years. So one of the changes will be to
tidy out that so that the National Council actually sets
a standard advocacy policy across the country and any court
proceedings would have to go through the National Council. And
that will limit some of the advocacy functions of some
(07:39):
of the regions, but it also makes them consistent across
the country so that they actually focus on hunting and
fishing outcomes rather than getting involved in other areas that
actually perhaps other NGOs are a better place to be
involved in.
Speaker 2 (07:50):
So if you're a farmer in Southend right now, you're
hearing this as ministers gagging fishing game Southend.
Speaker 7 (08:00):
No, it's not getting fishing game south because fishing game
will still have their advocacy functions in terms of being
able to go up there and promote, say fishing to
young people, or go out there and tell people where
they can and can't be fishing or hunting game birds.
Speaker 2 (08:15):
The better way of looking at it is.
Speaker 7 (08:16):
That we want fishing game to be seen as a
reputable national organization, so they need to have a consistent
approach to their activities, and we want them to be
focusing on managing the game bird populations and the sport
fish populations rather than getting involved in how much of
lows and call cases.
Speaker 2 (08:31):
How much cow urinees in a river. So they won't
be because the problem was this went back and forth in
the environment caught in South End, fishing Game was heavily
involved in advocating for the health of the waterways, etc.
You're saying that that wouldn't that wouldn't be their role anymore.
Speaker 7 (08:49):
Well, they can still advocate for the health of waterways
where it improves fisheries, But what I'm going to say
is that there should be a consistent approach across the
country where all regions are taking a similar pathway to
them and we want it to be set at a
level where the National Council are actually directing this and
so they'll be the ones that will be able to
say where the legal proceedings go ahead or not, and
(09:09):
the Minister as well. We just want to make sure
that we're license holders are being forced to pay a
fee to fishing game that that seeds not then being
used to restrict the license holders income war businesses for example.
We don't think that's necessarily fair. We want to make
sure that all that kind of really strong advocacy is
well thought out and is actually contributing to enhanced fisheries
and game bud management.
Speaker 2 (09:30):
All right, Minister, appreciate you time this morning. Having a
great day. James Mega, Minister of Hunting and Fishing are
also Minister of the South Island. It is eighteen after
five year on News Talks. There be still to come
Your insurance premiums and why they might be going up.
Speaker 1 (09:42):
News and views you trust to start your day is
early edition with Ryan Bridge and One Room Make your
Property Search Simple News Talks.
Speaker 2 (09:52):
The be five twenty News Talks theb the Grocery Commissioner,
the supermarket Zar has come out swinging this morning against
the supermarket duopoly. I'll bring you the details on that
in just a second. Right now, homeowners are in for
another punch to their wallet. David Seymour says insurance levies
will have to increase to help fund the Natural Hazard's Commission.
This used to be the EQC Cabinet will soon begin
(10:14):
consultation on the changes could increase levies by two hundred
to three hundred bucks a year. Dean Leicster is an
insurance consultant with me this morning. Dean, good morning, Laurena,
good morning, Ryan, good morning, good morning. So two to
three hundred bucks a year. You reckon why? And this
is all because what's there are more natural disasters and
we don't have enough money in the kitty.
Speaker 8 (10:35):
The second part, So there's not enough money in the kitty.
So the Natural Hazard Commission and the insurance cover that
the government provides for earthquakes, land damage, for flood's, volcanic eruption, tsunami,
that the government decides that they want to pay the
first two billion dollars worth of claims. At the moment,
(10:57):
they've got about five hundred billion in the kitty and
they need to increase that amount of funds. It doesn't
relate to the larger proportion of the program, which is
the world reinsurance market, where they obtain about nine billion
on the world insurance world reinsurance market. World re insurance
market's pretty positive. Those rates seems to be really confusing
(11:19):
reporting and these other times, but world reinsurance rates are
generally consistent. They had a good program last year of
getting good cover for nine billion dollars at good premiums.
This relates to the first amount where the government says
that they'll carry two billion dollars with a risk and
currently there is five hundred million in their kiddy.
Speaker 2 (11:40):
So how will does this just mean basically we have
to swallow it. We will all have to pay more
for our levies. And that's just the way it.
Speaker 8 (11:48):
Is an essence. Yes, the surprise that has existed since
the recent changes to the natural hazard cover where it's
increased cover to three hundred thousand, is that there has
been no positive reaction from private insurers to reduce their
premiums because they now don't have as much risk. So
(12:09):
at the time of the christ Church earthquake, for example,
EQUC as it was played the first one hundred and
fifteen thousand, that under the current legislation they now play
the first three hundred thousand. And it's always been a
surprise that private insurers are not recognizing that their exposure
and far less and that their premiums are reducing.
Speaker 2 (12:30):
Right, I've got you, Dean, Thank you very much for
that update. Really interesting stuff. Dean Leicster, insurance consultant with us,
talking about the fact that the NHC, which is the
Natural Hazards Commission, used to be EQC. The levy's probably
going to go up, David Simols, the minister in charge,
he says, So it's twenty three after five, Bryan Bridge.
Now we've had a phone call between Putin and Trump.
(12:52):
Trump has said, Honor's true social it was quote a
good conversation that it was after, by the way, the
drone attack that the Ukrainians took deep inside Russia. So
Trump says the phone call was good, but he did
say Putin told him we will have to respond, so
you can expect some sort of retaliation and that was
(13:13):
a major embarrassment for Putin because it went way inside
eight thousand kilometers away from Ukraine, they managed to hit
with drones. Then they got the bridge and crime here.
So yeah, Putin has told Trump we will respond. Trump
also says the phone call unsurprisingly lasted an hour and
will not lead to immediate peace. Twenty four after five
(13:35):
more on the supermarkets.
Speaker 9 (13:36):
Next the early.
Speaker 1 (13:37):
Edition full show podcast on iHeartRadio power by News Talks IV.
Speaker 2 (13:44):
Five twenty six News TALKSB. The Commerce Commission reckons we
need fewer items on sale at the supermarket. Yes, that
means less yogat on special for four ninety nine or
year one dollar ninety nine chocolate bar at the checkout. Basically,
they want less price yo yoeing. In general, this is counterintuitive.
(14:05):
The job of the Commerce Commission, through the Grocery Commissioner,
is meant to score us cheaper prices and boost competition. Right,
So what the lord's good name is going on here?
This morning they've announced they want to change the rules
around what the supermarkets can charge the suppliers, So your
food stuff's in your wool. Worst. They purchase about fifteen
(14:27):
billion dollars worth of goods from suppliers every year, and
when they do this, the suppliers will discount prices buy
about five billion dollars a year through rebates, discounts, and
promotional payments. This ensures that their stock is on sale
so that we buy it because everyone loves a bargain.
The supermarket zar says, if you're a new, smaller supermarket
(14:51):
chain opening up, you can't compete with that because you
don't have the buying power and the economies of scale,
so your prices would be high. You wouldn't be able
to compete. Now, this is where I think the czar
takes one of many leaps of faith. They reckon that
we consumers are overall worse off because of these specials
and discounts. They say, consumers lose out because prices jump
(15:13):
around more. This can mean the average price is more
expensive and it's harder for consumers to assess the value
of products. Well, can't we read the label. They don't
offer any evidence this is actually happening, nor do they
offer any evidence that a change would make things cheaper.
Leap of faith number two is that this saving will
be passed on to the consumer via the supermarket. Is
(15:36):
there not a flaw in this logic? Does essentially banning
discounts rarely make prices cheaper. If so, by how much?
Five billion dollars? Remember the industry's revenue is twenty five
billion dollars a year. If all of the discounts were
handed down their chain of command to US shoppers, we're
expected to believe general prices would fall by what. Remember
(16:01):
when they set up the Grocery Commission under Labor, we
were told the supermarkets were making excess profits of three
hundred and sixty five million dollars a year. So we're
well well and above that now, aren't we. There's a
bunch of other changes they've announced as well. Some of
the stuff is just proposed, its suggestions, it's voluntary. Some
stuff needs consultation and then reviews and twelve months and
(16:24):
blah blah blah more reports. By the time this is finished,
I will not only have lost the will to shop,
but potentially lost the will to live. Ran Bridge, twenty
nine minutes after five, you're on news talks. They've beat Ryan.
Let's just nuke the Russians. Well, we can't. We don't
have nukes, do we. Besides, you don't want to fire
(16:44):
a missile at Russia because they'll fire one back and
we're all dead. Aren't we mutually assured destruction. That's what's
kept the world safe for so long. Twenty nine minutes
after five, we'll talk more about the groceries and get
to Mitch mccannon, our reporters. Afternoon News Talk set by.
Speaker 10 (17:06):
Your your faverite crust.
Speaker 1 (17:23):
Baby Look, Ryan Bridge on early edition where one roof
make your property search simple. News Talk ZIBB.
Speaker 9 (17:41):
Good morning, it is twenty four away from sex here
on newstalk sip B. Great to have your company this morning,
and been trying to make sense of the Commerce Commission's
latest selvo at the supermarkets. It's like trying to make
sense of the phone book, you know, because there's no
rhyme or reason in my mind. Ryan, This is from
one of our listeners, Hands off the supermarket specials. Customers
(18:03):
aren't stupid. We know the price, which is why we
snap up a special. So the Commerce Commission has come
out this morning and said basically they think that the specials,
the discounts that the suppliers give to the supermarkets so
that they sell their stuff, put it on special, get
it off the shelves, that they are actually a price
(18:24):
distortion and that they lead to yo yoing it doesn't you.
I can't even explain it to you because it doesn't
make sense. They put something on, they give you a special,
they give you a discount, and somehow that's a bad thing.
Speaker 2 (18:37):
I don't know. Explain that to me. We'll talk about
it with an expert just before six, so we'll get
some more information. I said earlier, I said I've lost
the will to shop and the will to live. And
someone said run. If you have lost the will to
live and shop, then you can just go next door
to the crematorium. How convenient. I don't know if you
heard the boys talking about that story yesterday afternoon. It
is twenty three minutes away from six.
Speaker 1 (18:58):
Brian Bread goes to.
Speaker 2 (18:59):
Our reporter around the country, Emily Ansel, has our Dunedin
update this morning. Emily, good morning, good morning. Now tell
us about what's happening at the bus hub. There was
a facial stabbing there of a teenager. I remember this
a year ago. If things improved, yeah.
Speaker 11 (19:13):
It doesn't sound like it. There's a lot of fair
and uncertainty persisting. So any of Ettana McClaren died of
a single stab wound on Great King Street last May
a fourteen year old boy was found guilty of manslaughter
in March. New documents released under the Official Information Act
show ongoing tensions at the hub. A security report from
(19:34):
December notes an incident where a young male allegedly tried
to harm a teen girl and took her phone, while
in February a woman discharged a bb gun. Other entries
detailed miners drinking in public, youth damaging infrastructure, and verbal
altercations between passengers and drivers. Public complaints from last year
include criticisms of security guards failing to patrol or engage
(19:57):
with school age passengers.
Speaker 2 (19:59):
And how the weather today emily cloudy.
Speaker 11 (20:02):
With showers clearing and becoming fine in the morning. Strong
southwesterly is dying out in the afternoon with a high
of ten degrees.
Speaker 2 (20:08):
Brilliant, Thank you very much. Now for a christ Church
update this morning, Michael Sergle joins me. We're going to
get a weather from him too, because obviously we've had
bad weather overnight most places. Michael, good morning, Good morning.
Unclear when the future or what the future is for
the temporary stadium in christ Church, Yes, I mean Apollo
Projects stadium in Eddington has been hosting christ churches sporting
(20:29):
events since the quakes thirteen years ago. Obviously, many people
remember the Lancaster Park severely damaged by those quakes, but
the stadium has significantly outlasted its expected lifespan of three
to five years. The grandstand and other structures will be
removed once the one in said stadium is open in April.
Croagate City Council says it's still working on a plan
(20:51):
for what actually happens to the site, though. It says
it plans to have something before the council sometime before
the end of the year. But obviously there will be
low collections so the count will be out of action
for a few months. All right, how's the weather? Rain
clearing to mainly find this afternoon a high tendergrees. Nice one,
Thank you, Michael Mexis and Wellington Max. Good morning, good morning. Now.
(21:12):
I got lots of text yesterday saying we've been too
negative about Wellington, but today you've got some building projects
on track.
Speaker 12 (21:19):
Well exactly. We knock them when they get it wrong,
but we can't knock them this morning because it seems
they're getting a lot of this stuff right, or at
least close to fruition.
Speaker 8 (21:28):
Light.
Speaker 12 (21:29):
End of Tunnel, Cliche et cetera. Civic Square now nine
months away from reopening to the public. That's quite exciting.
You've got City Gallery there reopening as well. Might be
some new retail and hospitality venues as well. Central Library
too that seems like it's been closed for an eternity.
That's reopening at the same time early next year. And
(21:50):
the ludicrously expensive town Hall refurbishments as well. That seems
to be going well as well. The city's media were
even invited for a tour this week. That's how confident
the council and its builders feel about the work. Town
Hall completed next July. Worth also adding that the city
Council itself it's delayed move into new offices on Jerviski
(22:11):
also now set for next year, delayed quite seriously. Negotiations
took far too long, millions spent in the meantime are
longer than expected fit out. But the Council in its
new offices Jerviskei also early next year.
Speaker 2 (22:24):
Okay, so next year will be running, not this year,
next year. Next year will be read that's our year.
But like the Warriors, how's they were?
Speaker 12 (22:31):
The max cloudy periods some morning rain, but some quite
severe win this morning as well easing this afternoon eighteen
the high nice one.
Speaker 2 (22:39):
Thank you Neva's and Auckland NAVA. Good morning, good morning.
Now look out because you'll be chased by a police bus.
That's right now.
Speaker 13 (22:47):
Look, this is pretty exciting. So police they're busting out
this new recruitment campaign, rapping five Auckland buses in police branding.
So these are the newly decorated the double deckers because
they seek five hundred people. And you know what, that's
the target number that they want to.
Speaker 2 (23:03):
Recruit, five hundred people.
Speaker 13 (23:05):
See those double dickers. Never have you been on those? No?
Speaker 2 (23:08):
But they can't seek five hundred people.
Speaker 13 (23:11):
Well you know what, that's what they reckon. If you
have your seat, put them there and then you have
someone on your.
Speaker 2 (23:16):
Lap, wouldn't want well, you wouldn't want to crash one.
Speaker 13 (23:18):
Would No, you wouldn't well, oh I shouldn't be loving.
Look and the costs there, that total is about one
hundred and twenty thousand dollars. So that includes the print,
the installation, three months of media advertising and Richard Chambers,
the commissioner.
Speaker 2 (23:32):
He says Auckland.
Speaker 13 (23:33):
Obviously is the key recruitment area. They want to be
highly visible, and they have what advertise bar and wider
they will.
Speaker 2 (23:39):
Won't they? Twenty thousand dollars.
Speaker 13 (23:42):
Yep for all all up, yeah, all up for that
print and installation, three months of media advertising. So these
police buses are going to be in public circulation for
about three months the next three months. Okay, pretty good.
Speaker 2 (23:55):
Pretty good price considering we're talking about it. You know,
it's kind of a novel thing. Interesting. And how's the weather?
Speaker 14 (24:02):
Hey?
Speaker 15 (24:02):
First up?
Speaker 13 (24:03):
Did you hear those thunderstorms last night?
Speaker 1 (24:05):
Well?
Speaker 2 (24:05):
I heard, I was saying step through it. Yeah, I
sleep with ear pods and so all right, did hear
the rain at one point? I thought it must be raining?
Speaker 13 (24:13):
Well, I was sound a seat by about six forty
five pm, and I missed it completely. I woke up
this morning, came in here and I went, well, there
was a croc, wasn't it. I didn't know thunderstorm were, Yes,
you just didn't hear it. I was like, my goodness,
and look, I can tell you there won't be any
thunderstorms tonight. Shower is easing this afternoon. Auklan's high nineteen brilliant.
Speaker 2 (24:31):
Thank you, Neva, right, that is it for us, Well,
it's not quiet for us. Seventeen to six on news
talks MB. It is it for us and wrapping the country.
But we'll get too much. Mccanney's stateside for US. Next
Trump and Poutin have how to call all the.
Speaker 1 (24:45):
Details international correspondence with ends and eye insurance, peace of
mind for New Zealand business.
Speaker 2 (24:52):
Who's talked to be just gone fourteen minutes away from
six o'clock. We'll get to the supermarkets in just a second,
right now. Mitch McCann stateside for US, Mitch, good morning, Ryan,
good morning.
Speaker 9 (25:01):
How are you?
Speaker 8 (25:02):
Yeh?
Speaker 2 (25:02):
I very well? Thank you. How was the call between
Trump and Potin?
Speaker 14 (25:06):
Well?
Speaker 15 (25:06):
Donald Trump had sent said it went well. This happened
this morning, a couple of hours ago. It lasted more
than one hour and fifteen minutes, according to Donald Trump.
And Trump actually revealed that Russia is planning to retaliate
against Ukraine after that attack in recent days in which
Ukraine's his forty one Russian aircraft were had, including strategic bombers.
That was of course quite an embarrassment for Russia because
(25:28):
it was well into Russian territory. Trump says he is
going to retaliate. He described it as a good conversation,
but not a conversation that will lead to immediate peace,
is what Trump had to say.
Speaker 2 (25:39):
Okay, so we want holdo breath. Then what about Trump
and Musk? Because when Musk has come out and bagged
his bill, as Trump responded to Musk, he.
Speaker 15 (25:48):
Hasn't and Donald Trump hasn't actually done a press conference
this week, which is quite unusual. But we might hear
from him later today. Musk said, this big, beautiful bill
that we've talked about, Ryan was massive, outrageous, poor filled
congressional spending and it's a disgusting abomination.
Speaker 2 (26:03):
And to make that is worse for Donald Trump.
Speaker 15 (26:05):
This non partisan Congressional Budget Office has come up with
a figure on how much this is going to cost
the United States over ten years. It says it will
add two point four trillion dollars to the US national debt. Now,
Donald Trump wants to sign this or have it on
his desk by the fourth of July, but it really
is coming up against a number of roadblocks.
Speaker 2 (26:25):
Now, all right, Mitch, thanks for your time this morning.
Great to have you on. As always, much pcan in
the US for US thirteen are twelve minutes away from
six brand. So the Commerce Commission cracking down on unfair behavior.
What they say is unfair behavior in the grocery sector.
The Grocery Commissioner is worried about promotional payments between the
big supermarkets, the dropoly and the suppliers. He says that
(26:47):
around five billion dollars a year in promotional rebates contributes
to higher average prices for goods and contributes to price fluctuation.
His warning the ComCom may have to act if the
supermarkets don't voluntarily stop the rate at which this is happening.
Ernie Newman is a grocery policy expert with me this morning. Aarnye,
good morning.
Speaker 14 (27:08):
Gooday, Ryan.
Speaker 2 (27:09):
Can you explain to me why offering discounts or specials
at the supermarket getting rid of those would make life
better for us consumers?
Speaker 14 (27:20):
Yeah, it's interesting. It's a very complicated market that we're
talking about here, But what the Commissioner is showing in
this report is that there are these vast sums of
money that the supermarkets are negotiating from their largest suppliers,
not all of which is being passed on to consumers.
So they're talking now about five billion a year in
(27:40):
discounts and rebates and promotional allowances and whatever. And when
you come to work that I tried to do the
math last night, it comes to you know, for a
family of four, that's about four grand a year per
family that the supermarkets are getting in discounts from their suppliers,
not all by any means of which is being passed
on to consumers at the checkout.
Speaker 2 (28:00):
Ye, But how much is being passed on and isn't
being passed on? Wouldn't that be central to whether you
do anything about it?
Speaker 14 (28:06):
Well? Yeah, but the way in which the commissioner is
phrasing this, it's pretty obvious there is a very very
large amount that is simply going into the pockets of
the supermarkets and not being passed on. And you know,
in a proper competitive market that would not be possible
because of one supermarket didn't pass it on to the customers.
Another one would problem is, of course, we've got a
(28:28):
broken market here. We've only got a duopoly with two
people making the decisions for supermarkets at wholesale and retail
level for the entire country, and so our market is broken.
Speaker 2 (28:39):
Okay, And if what you're saying is true, then You know,
when we started this whole exercise about the supermarkets, we
were told they were making a million dollars a day
in excess profits. So three hundred and sixty odd million
dollars a year. What you're now talking about, and what
the Commission is now talking about is billions.
Speaker 14 (28:56):
Yeah. Yeah, so it didn't come out of loose money floating?
Speaker 2 (29:00):
Did we underest? Are you saying that the million dollars
a day in excess profits was out by what tens hundreds.
Speaker 14 (29:09):
Of millions financially? Yeah? Yeah, there's far more loose money
floating around in this sector than the Commerce Commission has
identified in previous occasions.
Speaker 2 (29:19):
But the problem is they haven't. They haven't identified it,
had they They've just said, hey, look there are five
billion dollars of payments going from A to B. They
haven't said how much of it's that you've been passed
on or not? This is a Is this not a
phishing exercise? No, it's not.
Speaker 14 (29:33):
It's more than that. The problem we've got here is
we've got a market that is almost it's almost mafia alike.
You know, there are there are just so many discounts
and rebates and allowances and money going sort of under
the table. But nobody from outside can can absolutely say
with certainty how much loose money there is sloshing around
(29:54):
in the system. What we do know is that it's
the supermarket serve at the top level and not the
consumers that they're getting the benefit of a great deal
of this.
Speaker 2 (30:03):
Ernie, appreciate your time this morning. Ernie Newman, who's a
grocery policy expertis gone. Nine minutes away from six are
loads of texts on this. Ryan's specials add variety and
fun to the drag of shopping. I love this, don't
touch my don't you come for my specials? Commerce Commission
this is interesting. I'm a supplier to food stuffs, and
what the commissioner is talking about is that we might
(30:25):
have a product that we want to sell at say
two dollars fifty every day, but food stuffs make us
put the price up so many weeks a year so
that they can call it a special, when all we
really want to do is to have the price lower
every day. But the question is is overall, is the
price on average higher or lower than it would otherwise be?
(30:47):
That's the question. Eight away from sex Mic next the.
Speaker 1 (30:50):
News you need this Morning and the in depth Analysis
early edition with Ryan Bridge and one roof Make Your
Property Search Simple News Talk said.
Speaker 2 (30:59):
The the Sex News Talks, they'd be Ryan Adern stop
the prompt payment discount. I remember this on our power
bills because it wasn't fair on the people who didn't
pay their bills on time. This move was as ridiculous
as the supermarket discount plan that's been announced today. Mike
is here now, Hi, Mike.
Speaker 16 (31:16):
Well, it hasn't been announced. It's it's it's yet another
theory from people who spend their entire life coming up
with theories that may or may not make any difference.
Largely they won't.
Speaker 2 (31:26):
It's out for consultation.
Speaker 16 (31:28):
As every person we're talking to old per Year today,
we're going to rustle him out of his corner office
as grocery commissioner and his company everywhere life. If you
go and buy stuff, and lots of it. If I
come into your shop and buy one hundred envelopes instead
of one envelope, you're going to give me a better deal.
(31:48):
Just how life works. And if I'm a loyal customer,
you're going to look after me, aren't you.
Speaker 2 (31:53):
The whole thing is a fishing exercise, because a fishing expedition,
because they can't say how much of these payments pocketed,
how much were being passed on? You remember when you
mentioned it, Doune.
Speaker 16 (32:05):
You remember she told us that we were being fleeced
at the petrol stations and they did another one of
those market studies. Are we being fleeced now or not?
You can't tell us. You would never clue what oils
up oils down. That's how it works.
Speaker 2 (32:15):
Have you just talking someone's texting about their double decker buses. Neiv.
That was embarrassing. NEIV came so embarrassed. She claimed, you
can get five hundred people on a double decker bus
in Auckland.
Speaker 16 (32:25):
Do you it's hard to believe that, nev to. I
might be wrong, but neither tonight. You know, the radio
awards are on tonight. Neiva's a finalist, and I don't,
well should she? I mean when she comes on your
program and says random stuff like that. I mean, really,
there's a credibility issue around that, isn't it? Great voice,
a fantastic voice, just not good on the detail. What
(32:47):
was the thing I said? I said, think about an
a three eighty, Yeah, a plane a plane, an A
three eighty holds just under five hundred people, right, so
if an A three eighty holds under five hundred, do
you reckon a bus holds five hundred?
Speaker 2 (32:59):
People are saying this is so apparently it's one hundred people.
Of course, it doesn't get on a double Dickaba.
Speaker 16 (33:03):
If you squeezed, if you went down the island squeezed everybody,
then you might be one hundred and fifty.
Speaker 2 (33:08):
The size of people these days, it's just appalling.
Speaker 16 (33:11):
It's appalling the size of people these days.
Speaker 2 (33:14):
It's shocking.
Speaker 10 (33:15):
Anyway.
Speaker 16 (33:16):
Today insurance and so there's more more charging coming from
what used to be called the you know the Earthqua.
Speaker 2 (33:22):
Yeah, it used to be called that. They called it
something different and see I think.
Speaker 16 (33:24):
But whatever it is anyway, it's costing us more.
Speaker 2 (33:26):
There's just more and more and more. MICA's next Have
a Great Day run See it tomorrow Friday.
Speaker 1 (33:45):
For more from Early Edition with Ryan Bridge. Listen live
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