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November 4, 2025 • 34 mins

On the Early Edition with Andrew Dickens Full Show Podcast Wednesday the 5th of November 2025, the unemployment figures get released today with economists picking a nine-year high, BNZ Chief Economist Mike Jones tells Andrew what today's figures mean for the Reserve Bank. 

Winston Peters has submitted a members bill which would ban the importing and sale of fireworks, Fire and Emergency NZ Regulatory Compliance Manager Adrian Nacey shares his thoughts. 

It seems the red meat industry might've survived despite trump's tariffs for now, Meat Industry Association Chair Nathan Guy tells Andrew what the future is looking like for the industry. 

Plus, UK/ Europe Correspondent Peter Anderson has the latest on British far-right activist, Tommy Robinson found not guilty of a terror offence and former England football captain Sir David Beckham has been formally knighted for his services to football and British society.

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Speaker 1 (00:01):
The issues, the interviews and the insight. Andrew Dickens on
early leadership with our the Supercenter, explore our the successories
and servicing all in one news talks that'd be this.

Speaker 2 (00:13):
Good morning to you. Thank you so much for choosing
the program. Coming up over the next hour, Winston wants
to ban fireworks. Guess what the firefighters think of that?
They're joining us. In five, meat really is back on
the menu boys. The fantastic news from the red meat sector.
We'll have that story. In ten. Why did pensioners march
on Parliament yesterday? And today is the day we get
the figures on unemployment? Are they up or are they down?

(00:36):
We'll have that story for you. Just before six, we'll
go to the UK with Peter Anderson. We'll have correspondence
from right around New Zealand and you can have your
say anytime you'd like. The text number is ninety two
ninety two in the small charge applies and it's seven after.

Speaker 3 (00:48):
Five the agenda.

Speaker 2 (00:52):
A big, big news out of the United States this morning.
Former Republican price Vice President Dick Cheney has died. He
was eighty four. George W. Bush has called it a
loss to the nation and a sorrow to his friends. Channy,
of course, was the powerhouse behind America's war on terror
and the Iraq invasion in two thousand and three.

Speaker 3 (01:11):
We have to be concerned about the potential marriage, if
you will, between a terrorist organization like al Qaeda and
those who hold or are proliferating knowledge about weapons of
mass destruction. So the concern is very real, it's very great.
And when he defined ways as we go forward to
make certain that the terrorists never acquires that capability, and.

Speaker 2 (01:34):
He won't be getting much love from Donald Trump. He
once called him the biggest threat to America and voted
for the Democrats and produced I think.

Speaker 4 (01:41):
The irony of Dick Cheney was that at one point
he was very much the sort of figurehead to the
Republican Party. Of course, never president, despite being vice president twice,
but in recent years he was very much outside of
the party, voting for Kamala Harris in twenty twenty four.
His daughter Liz Cheney, was part of that committee that

(02:02):
investigated January the sixth, all right.

Speaker 2 (02:05):
And staying in the United States. Big day American voters
are heading to the polls. New York's picking its next
man mayor should I say a show down between a
young progressive and the old guard. Or we are on
the brink of making history in our city, on.

Speaker 5 (02:19):
The brink of saying goodbye to a.

Speaker 2 (02:22):
Politics of the past, a politics that tells you what
it can't do, and really what it means to say
is what it won't do. And Virginia and New Jersey
are choosing governors, and in California, voters are deciding whether
to redraw their district maps, and basically that's a political
game of who's going to get the power. And finally,
Jamie Mellon's made history winning the Melbourne Cup on half

(02:43):
yours sees the first female jockey ever to do the
double with the Corfield Cup.

Speaker 4 (02:49):
Johns is coming clear.

Speaker 6 (02:51):
JV.

Speaker 2 (02:51):
Time for the doubles, the history back the next A
top five trims half yours.

Speaker 7 (02:58):
The winner compares today's feeling right now I'm feeling.

Speaker 2 (03:03):
There's one mountain top boy. Everyone was crying I good
his two shoes trotted and second, Middle Earth lagged into third.
And the orkoand bloke who needed buccerow to run on
the top four to when seven hundred grand from a
seven dollar bet in January missed out because there were blood.
There was blood in the lungs of buckaroo. It is
ten halfter five.

Speaker 1 (03:22):
The news you need this morning and the in depth
analysis earlier edition within Andre Dickens and are the Supercenter
explore our these accessories and servicing all in one news
talks a't be well.

Speaker 2 (03:34):
We're all looking at house prices and we're looking at
the Reserve Bank as well, and we're all looking at
them with the hope that the house market has turned
and investors have returned to the market. But here's a
bit of a reality check. Rents. The rental market is
weak and that weakness is expected to persist with low
migration and slowing wage growth. So core Logic has released
its report says that rents have been falling for a

(03:56):
year or con rents a down point five percent. They're
sitting on a median of six hundred and fifty bucks
a week. Hamilton rents fell point six to a median
five five seven and Wellington had the sharpest decline, falling
six point one percent to a median of six hundred
and five hundred and sixty seven dollars a week. And

(04:16):
they are not expected to rise. Why well, less people
are coming to New Zealand and more leaving, meaning that
the rental crisis has abruptly ended. And not only that
wages are static, consumer prices are going up. So Tennis
just don't have money. They simply can't afford the high rents,
and the rents are fallen in response. Now it's not
as though our rents are low, because they're not. But

(04:39):
the golden days pre COVID are not coming back anytime soon,
wherege may constrain investors looking at buying property. But this
is what I thought we wanted back in the day.
We wanted the house prices to come down. We wanted
the first buyers to come in, and we wanted the
rents to come down. And look, it's now happened, so
I guess we shouldn't complain about it. Zimb It's eleven

(05:02):
after five. It's finally happened. Council culture has come to
the fireworks. People have been talking about banning fireworks forever,
but now Winston Peters wants to do it. So how
do the firefighters feel about it? And what are the
reasons behind banning fireworks? That story is next on news
Talks here b It's twelve after five.

Speaker 1 (05:20):
Get ahead of the headlines on early edition with Andrew
Dickens and r V Supercenter explore r these accessories and
servicing all in one news talks.

Speaker 2 (05:30):
At b Well, it's fourteen minutes after five. It's November
the fifth, and we all know what that means. We
know it in New Zealand it's sky Fork's day, and
it also means more debate about banning the things. Now,
Winston Peters has submitted a member's bill which would banned
the importing and sale of fireworks, and Fire and Emergency
had preemptively closed access to fourteen mountains around Auckland to

(05:53):
prevent wildfire. So we joined now by the Fire and Emergency.
New Zealand Regulatory Compliance Manager Adrian Nacy has got up early,
but I guess you always get up early, don't you. Adrian,
Good morning. What do you think should we ban them?

Speaker 7 (06:09):
Well, fire an Emergency, as you can imagine, would be
supportive of any changes to legislation that would reduce to
have from unwanted fire. That's what we're all about, So yeah,
we would be we'd be very pleased to see some
change to bring further restrictions just on the sale of
retail fireworks to the public.

Speaker 2 (06:26):
So you don't mind with the big displays, but you
don't want, you know, Joe Blow having fireworks in their backyard.

Speaker 7 (06:32):
Yeah, that's great for us. The fireworks, we would just
prefer to be kept in the hands of the professionals,
all right.

Speaker 2 (06:39):
So if this happens, is there a worry that we
ban them? But people go, yikes, they're banning them, so
they stockpile and they end out using out of date fireworks.

Speaker 7 (06:48):
Yeah, we don't really want people to stockpile fireworks for
a couple of reasons. We don't want them to be
set off over the summer when it gets even hotter, warmer,
and dry than it is now. And it's also not
a good idea to have fireworks obviously stored in your home,
and they can present a risk to have firefighters if
you had something go wrong in your property and they
weren't aware that there were fireworks stored there.

Speaker 2 (07:10):
Now, there's a number of people who say, I'm absolutely
responsible when it comes to fireworks, But that's not the problem.
The problem are the idiots. I mean, how bad are
the idiots?

Speaker 7 (07:19):
Yes, we get between sort of one hundred and fifty
and two hundred fireworks related calls just that we go
to each year. It's not necessarily people being particularly reckless
all the time, as things like setting the fireworks off
when it's windy auto close to things that can catch fire.

Speaker 2 (07:37):
So they're still legal today. So what are the restrictions
on letting off fireworks around the country?

Speaker 7 (07:44):
So the main thing for us around the restrictions is
you can only set them off in places we have
the landowner's permission. So most councils around the country have
put restrictions on letting fireworks off in places like beaches
and parks. Obviously Department of Conservation and as a NOGO
for setting off fireworks. So the main restrictions around that

(08:05):
is that you need the land owner's permission. But the
main thing for us is obviously checking those weather conditions.
As you've seen around the last couple of weeks it
has been hot, dry and windy around parts of the country.
This makes it really easy for fires to take control
and spread and get difficult for us to put out.

Speaker 2 (08:23):
Adrian, I hope you have a really quiet night tonight,
and I thank you for joining us. And here's some
numbers for you, and they come from twenty twenty three,
and in twenty twenty three, five hundred and seventy five thousand,
five hundred and forty four kilograms of fireworks were imported
and that's up fifty two percent on twenty twenty Two's

(08:44):
half a million kilograms of fireworks came into this country
and were let off. One hundred and six fires were
reported to be caused by fireworks and twenty twenty three
that was up fifty eight percent. We had three hundred
and forty one new claims to acc for fireworks related
injuries in that year and a total of one thing,
five hundred and seventy two service calls to New Zealand
Police relating to fireworks because of course there were idiots

(09:05):
and we had idiots. Yesterday, police officers and firefighters were
targeted with fireworks after responding to a gathering of fifty
young people on Castle Street in Dunedin. They were letting
them off and they were firing it at each other
about nine thirty Sunday, and then the cops came, and
then of course they started firing the fireworks at the cops.
And you wonder why the cancer cultures come to you.

(09:27):
It is eighteen minutes after five. So Donald Trump broad
in tariffs and one of the tariffs, of course, is
on red meat. And we all worried. Well we shouldn't have,
because the figures have come out and they're really good
for the red meat industry. But what's happening in the
United States, because that's all a bit crazy. We'll talk
to Nathan Guy, who's the Meat Industry Association chair next
eighteen after five twenty out to.

Speaker 1 (09:48):
Five on your radios and online on iHeartRadio Early edition
with Andrew Dickens and are the Supercenter explore are these
accessories and servicing all than one talks that be So here's.

Speaker 2 (10:01):
Some good news for you. It looks like our red
meat industry might have survived despite Trump's tariffs. For now.
In New Zealand's red meat exports junded way for this
twenty nine percent in September to seven hundred and thirteen million.
Overall exports for the third quarter hit two point twenty
seven billion. That's up twenty percent on last year. Nathan
Guy is the Meat Industry Association chare and joins me. Now,

(10:22):
good morning to here, Nathan, Yes, good morning. This is
looking pretty good for the full year figures isn't it.

Speaker 8 (10:27):
Oh, it's fantastic. Yes, it's been a couple of lean
years for our farmers when we look back, and they're
really celebrating returns at the moment, and so are our processes.
So there's a lot of optimism right across the primary
sector're particularly in the red meat sector. So fighting times
all right.

Speaker 2 (10:45):
So with these figures, are surprised you given all the
negative factors that have been influencing.

Speaker 8 (10:52):
Well, there's always geopolitical issues and the headwinds that exporters
have to face in the US. It's been interesting times,
hasn't it. Because we've seen the ten percent and everyone
thought that was sort of doomsday, and then fifteen percent.
We also thought of gosh, that's going to be really
problematic for our exporters. But the reality is the demand's
been really strong. And yes there's been a few arm

(11:14):
wrestlers at the border right here with customers who want
to force the fifteen percent back on our processes here
and returns for our processes. Quite often they play a
high volume game and if they can get higher returns,
then they win. But at times it's quite lean returns,
so they're excited that they're actually winning at the moment,

(11:35):
and that's I'm just going to say sorry, that's because
the demand is particularly strong. They've had a couple of
very bad droughts in the US and there heard rebuild
is going to still take a few years to actually
flow through. So we're very fortunate that we produce high
quality red meat. Consumers love what we do. There's a

(11:57):
very strong hamburger market up there, three burgers per head
per week they consume, so it's a bit like a
staple for us here in NZ. And then certainly we're
filling that market for US consumers, and we also do
high value products on both sides of the US.

Speaker 2 (12:14):
As well, so so big the big positives here are
the EU up fifty percent and China up twenty seven percent,
and bizarrely, North America beef exports are down. So what's
happening with the United States.

Speaker 8 (12:30):
Well, I think we've gone through a period with a
fifteen percent tariff where export has just sat and waited
for a while and wondered what would happen, and then
they realized that there's still huge demand up there in
the US. So that's why the volume numbers have come
back a little bit. But the value still is incredibly high,
and exports always go where the money is. That's their

(12:51):
job and they can, you know, almost been on a dime,
not quite, but they realize that there's much need to
be made in the US. It's great that age is
coming back on stream. China looks like it's having a
few green shoots. Your economy is just starting to move.
So overall, very good times for our processes and that's

(13:12):
flying through to farmers as well.

Speaker 2 (13:14):
So how sustainable is this? Will it continue or will
finally the tariff splint.

Speaker 8 (13:21):
Well, demand's still looking good. Whether things change in time.
I think it's going to take a few years for
them to rebuild their herd in the US. There is
some pressure there always has been from South American countries,
and we follow the geopolitical stuff very closely. We saw
that President she and President Trump had a reasonable meeting

(13:44):
last week. It's quite a bit of Brazilian brief that's
not going into the US, that's going into China. So
there's all sorts of things at play. We're very pleased
at Prime Minis de Luxe and how to face the
face meeting with President Trump that's been a while coming
and it sounded as was extremely successful. So we tip

(14:05):
our hat to the Prime Minister and Todd McLay and
the work that they're doing in the trade space.

Speaker 2 (14:09):
And I tip my hat to the farmers, Nathan, who
are doing great jobs. And you know, if America grows
and EU and China carries on, this is only good days.
And I thank you so much for your time. That
is Nathan guy. It is now five twenty five. It's
News Talks B. The pensioners are revolting.

Speaker 9 (14:24):
Yep.

Speaker 2 (14:24):
They were marching on Parliament yesterday. Why I'll tell you
that why in just a sec the early.

Speaker 1 (14:28):
Edition full the show podcast on iHeartRadio, how It by
News Talks It B.

Speaker 2 (14:34):
Yes, Talks It B. It is now five twenty seven
and Andrew Dickens, By the way, Ryan's back tomorrow. Yesterday
pension has marched on Parliament demanding that politicians remember them.
It wasn't covered on the one news and I don't
know why. Actually I do know why. Doesn't surprise me anyway.
But what were they worried about? Well, one of the
biggest things on their mind is the rules around retirement villages.

(14:54):
And here is an example that has been quoted about
a couple who've been in a retirement village for ten years,
but they realized that they needed more care, so they
decided to move out and find a more appropriate place
to live. Now back in the day, ten years beforehand,
they bought their villa for six hundred thousand dollars, but
under the current situation, they'll only get four hundred thousand
dollars of that money back, so no capital gain at all.

(15:17):
The village is then free to onsell the villa, which
is now valued at one point two million, and they
don't have to pay the couples four hundred thousand dollars
back until they find someone to take over the license.
Sometimes that can take up to two years. So the
couple bought a six hundred thousand dollar house that's being
sold by the village for one point two million, and
all the couple get is four hundred grand and it

(15:38):
may take two years. That's harsh, right. No capital gain
in fact a loss, no funds at all on the
bank until the village decides to relcense. The only way
a village works for you is if you stay in
it till the day you die, but you will not
be passing on any capital gains to your kids. You're
going to lose half your capital. At least that is

(15:59):
the deal, and that's the way it's been running for
a while now. Back in the day, Labor's Ingrid Leary
promised to do something about this, but of course they
lost the election. Now the government continues to say they
support our seniors. They also say they're railing against taxes
on capital gains, but nothing's really been happening. Our seniors
are being hit with basically a de facto capital gains

(16:19):
tax that far exceeds anything Labor has suggested. So I
think it might be time for the current government to
walk the walk that you've been walking and talk the
talk that you've been talking but also not doing. Let's
do something about it. Let's not ruin our seniors last
days by taking too much of the money they spent
their whole life working to have what z be. Got

(16:44):
a whole lot of rock and roll news for you
coming up right after the news which is just moments
away with Wendy Petrie. We've got a death of a
New Zealand rock and roll giant who was born in
whitepooka ron. We've got news about a concert tour from
a nineties banned and we've also got news from the
government who have decided that they want a whole lot
more rock and roll in this country, particularly in Auckland.

(17:04):
So I'll fill you win with a lot of those
details and play some play some rock and roll as
well for you or lost to tell you about Sir
David Beckham because he's now a sir. Goodness knows, he's
wanted it for long enough. It's finally actually happened. Peter
Anderson will be joining us to talk about this. And
today is the day the unemployment figures come out. So
what do you reckon? Up or down? This is early

(17:27):
edition if U stalks.

Speaker 10 (17:28):
MP.

Speaker 1 (17:40):
Views and views you trust to start your day. It's
early edition with Andrew Dickens and our the Supercenter explore
r these accessories and servicing fall and one used talkst B.

Speaker 2 (18:07):
So Ray, welcome back to the show. Listens to this guitar.
The guy playing the guitar as a fellow by the
name of Robert Taylor. Very sad news. Robert Taylor, the
guitarist from Dragon died. It was announced yesterday he was
the lead guitarist seventy four to seventy nine again eighty
two to eighty five, magnificent head of hair. Can I
say on this man? He is the guy playing this

(18:30):
chunky two chords. There's only two chords in April Son
in Cuba Chong chunk Kirk Chunk chunk kir chong chunk
ka chunk talk. Anyway, back in nineteen seventy seven he
actually penned a short account of his life and it
was printed in Audio Culture yesterday. This is Robert Taylor's life.
Born in white Pookerale, New Zealand, son of an ice
cream manufacturer and housewife, Rugby and blues licks with the

(18:50):
maldis confirmed in the Anglican Church. Won a scholarship to
Wellington Union, UNI, majored in English, the English lecturer at
Dealt Dope. Ran a rock band so Goodbye Studies, joined
an acid symphonic rock and roll band called Mammal Great
band out of Wellington, and then of course joined joined Dragon.
So a good bloke racon tour and he passed away.

(19:12):
Robert Taylor, former guitarist for Dragon, has died. In more
Rock and Roll News, Tickets for POLP go on sale today.
Jarvis Cocker, the professor of Rock is finally coming back
and I'm so excited. I've never seen this band live.
I'm really looking forward to it. Ac DC. Ac DC
has announced twenty one new dates on its Power Up
Tour for twenty twenty six. They're going to Brazil, Argentina, Chile, Atlanta,

(19:35):
San Francisco, Philadelphia, New Jersey and some other US stops
and four Canadian cities, but no New Zealand. Ac DC
and New Zealand go together. I mean he has to
be here. Phil Rudd, the drummer, lives here. Why are
they not touring New Zealand? Maybe they can't get into
Eden Park And more news about Eden Park. Chris Bishop,

(19:57):
the RMA minister, has written to the Auckland Council says
the Eden Park needs to hold at least twenty medium
sized concerts of ten to thirty thousand people a year,
on top of the twelve concerts that currently hosts. They've
got a report that warns that the restrictions are costing
four hundred and thirty two million dollars in lost income
and costing seven hundred and fifty one fewer jobs. So

(20:19):
Chris wants more concerts, twenty of them twenty medium sized
and twelve large ones. Did you know in the rules
at the moment at Eden Park you're allowed to do
twelve concerts but they can be performed by no more
than six artists. What's that about? Also, Chris wants more
flexibility on timing for concerts, more flexibility for sports games
are change to the noise standards because he says the

(20:41):
rules are ridiculous and you know what, He's right? Twenty
one to six zid be all right, time to go
around the country to Otago we go and Jamie Cunningham Hello,
good morning. So the student flats where there was the
fireworks war on Sunday Castle Street anyway, the student and
flats so are now being held to new standards, hopefully

(21:03):
livable ones.

Speaker 9 (21:04):
Yeah, that's right.

Speaker 11 (21:05):
The Ministry of Business, Innovation and Employment are inspecting student
homes to tackle landlords offering damp rundown rentals. MB's Tenants, Tendancy,
Compliance and Investigations team has inspected fifty of the fifty
three identified North Dunedin homes since May. National manager Brett
Wilson says it's committed to ensuring all properties meet required

(21:26):
standards before finalizing any cases. This includes new heat pumps
being instilled in significant bathroom renovations and rent relief for tenants.
Now all case investigations are expected to be completed by
the end of the year.

Speaker 2 (21:40):
All ma, how's your weather?

Speaker 4 (21:42):
Morning?

Speaker 11 (21:43):
Low cloud or fog with possible drizzle, clearing to fine
northeries and high of twenty.

Speaker 2 (21:48):
A bit of drizzle is perfect for Guy Fawkstein. I
thank you so much. Claire Sherwood from christ Church, Good morning,
Good morning. Is retail dying in Canterbury?

Speaker 10 (21:56):
Oh?

Speaker 12 (21:56):
That's certainly what plenty are asking after this news that
should retailer Street Legal has gone into liquidation after operating
from here in Christchurch and across the South Island for
more than two decades. We found out yesterday that that
company owes more than fifty creditors upwards of six hundred
thousand dollars. This, of course follows some other high profile
liquidations here in Christchurch. We had Smith City going bus

(22:19):
owing twenty six point eight million. We had the company
behind two of our Sterling sports stores in our shopping
malls also liquidating. We've spoken with Business Canterbury ceoly And Watson,
who says, to be fair, this isn't surprising She says,
the retail scene has been changing for around a decade,
but of course COVID did accelerate online shopping habits. How's

(22:40):
your weather A bit of morning low cloud or fog,
then should be fine. Northeasterlyes developing a high eighteen.

Speaker 2 (22:46):
Next told joins us to Wellington, hellimax, good morning. It
blew my mind to watch Andrew Little actually taking safety
meters away yesterday he went around the waterfront taking down
those temporary fences.

Speaker 5 (22:57):
Yeah, there have been these temporary safety fences up around
the water front the last couple of years. Quite divisive.
It doesn't look great, but the purpose is of course
to stop people falling in and drowning, which happens more
than you'd think, typically once every couple of years. Andrew Little,
yes new mayor likely hugely influential in the decision to
remove that fencing. The council just doesn't want to pay

(23:17):
for anything permanent. It voted well before the local election
not to pay several million dollars to put up permanent
fencing around the waterfront. It wasn't massively controversial, but it
is to the father of a young guy. One of
the young guys, Sandy Calkin, who fell in and drowned
in twenty twenty one after walking home from work drinks.
Roger Calkin says it's sickening that Andrew Little would film

(23:40):
a short promotional video for social media announcing the fencing's
removal near the spot his son fell in. He wants
permanent safety measures, believe some people still feel unsafe walking
around the water's edge, particularly after coroners have warned of
the danger. What's likely to happen is all going to
be forgotten until the next person falls in and will
end up having the same debates exactly the same as

(24:02):
we've had before.

Speaker 2 (24:03):
Whinston wants to bamfire works. Andrew Little is getting rid
of safety fences. The whole world's gone topsy turvy. How's
you exactly? How's you wear that?

Speaker 5 (24:10):
Yes, a far and strong the Northern East eighteen Today's hut.

Speaker 2 (24:13):
And Wendy Petrie is joining us now from Organ heallood morning,
Londy to see you too. And I've just mentioned that
to Eden Park more concerts. If Chris Bitcher pass his way.

Speaker 9 (24:23):
That's right, yes. The Rama reform Minister Chris Bishop has
written to the Auckland Council asking for feedback on a
proposal to allow up to twenty medium sized concerts of
one hundred, ten thousand to thirty thousand people a year
at Eden Park, on top of the twelve currently hosts,
also recommending the venue should be allowing up to host
twelve large concerts of more than thirty thousand people, and

(24:43):
suggestions are in a report by an economic consultancy, Insight
considers how restrictions at Eden Park may be holding back
the regional economy. Council's got twenty working days to respond
to Bishop. The Mayor's office was approached for comment and
under the new rules introduced as part of the government's
Resource management Laws, Ship ultimately has the power to implement
the changes if he chooses. The Council's responses due on

(25:05):
the twenty eighth of November. Bishop says after the consultation
with the public the council, he hopes to make further
announcements by the end of the year.

Speaker 2 (25:12):
Excellent. What says the point of having a stadium if
you don't use it? Have you been to Eating Park
for a concert? I have, and I love it. I
love it.

Speaker 1 (25:20):
What did I see?

Speaker 9 (25:22):
So you actually saw?

Speaker 10 (25:23):
It?

Speaker 9 (25:24):
Was it you too that I saw Eden Park many
years ago.

Speaker 2 (25:27):
Oh it was sure, smady. Oh no, well I've I
have been to and I'm going to Metallica in a
couple of weeks time.

Speaker 9 (25:36):
Do you know that I heard yesterday at a Melbourne
Cup event that the whole of Auckland has booked out
for Metallica?

Speaker 7 (25:42):
Really?

Speaker 9 (25:42):
Yeah, Well isn't that amazing how many people at draws?

Speaker 2 (25:45):
Yeah? Exactly, And that is the point of it, that
there is a financial game of point.

Speaker 9 (25:49):
Now the weather, yeah, let's talk about it because it
is another lovely fine day. The winds are light too,
and see breezes twenty three the high And.

Speaker 2 (25:58):
I've had a text out of christ which says, actual
ac DC, if they're ever going to come to New Zealand,
they sure actually come to Christchurch in the Newteka Have Stadium.
And yes, I agree with you that it's going to
blow your minds category when you get that stadium up
and going, when some of the bands come down to
meet you, because you've been missing out. So ac DC
would be nice. Ac DC anywhere in New Zealand would
be nice. To be fair, it is a quarter to six.

(26:20):
David Beckham Finally, got his knighthood. We're going to talk
about this next. Right, Let's talk about performance and results,
something worth paying attention to. The latest independent data from
morning Star shows Milford's KEII Saver funds are number one
for performance over the past ten years in the act
of growth, balanced and conservative categories. And that is proven

(26:41):
long term consistency and you can look for yourself at
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of the Year, Outstanding and Most Satisfied Customers. They've won
the Consumer People's Choice Awards eight years in a row
for proven performance, happy customers. Milford is with a look

(27:02):
and changing to Milford just takes minutes online. Past performance,
of course, is not a reliable indicator of future performance.
Milford Fund's limited is the issue of the Milford key
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Speaker 1 (27:20):
International correspondence with ins and Eye Insurance Peace of Mind
for New Zealand business.

Speaker 2 (27:27):
This is out twelve minutes to six. He's wanted it
long enough and finally he's got it. He certainly made
sure people knew he wanted it to. David Beckham is
now Sir David Beckham.

Speaker 13 (27:38):
It's going to take some getting used to people saying it,
but no, it's just a huge honor. You know, it's
a huge honour to be here at Windsor cast Or.
It's a huge honor to receive this from His Majesty
the King, and you know it's just a it's all
round a very special day for us.

Speaker 2 (27:55):
And joining us from the UK's Peter Anderson, hallo, Peter.

Speaker 10 (27:58):
Andrew, good morning to you and yes, accompanied by his
wife Victoria. Sir David Beckham was presented to King Charles
at Windsor Castle earlier today and he was recognized for
his services to football and also to British society. Sir
David played for the England football side a total of
one hundred and fifteen times, and he also captained the

(28:20):
national team for six years between two thousand and two
thousand and six. And at club level, he was a
star midfielder for sides including Manchester United, Spain's Real Madrid
and Italy's AC Milan. Away from football's credited with a
central role in securing the twenty twelve Olympics for London,
and he's also spent twenty years working in support of

(28:42):
humanitarian organization UNSEV. Despite all that, Andrew, though it seems
a different topic, dominated today's conversation with the King. Apparently
much of the discussion focused on Sir David's suit, which
was designed by Victoria Beckham and which was inspired by
King Charles's own sartorial.

Speaker 2 (28:59):
Starfle beautiful stuff. And I think it did take an
awfully long time for David to get the night after
the Olympics. Of course he thought he was going to
get it, but it finally happened and it's well deserved.
And also his garden videos on social media were worth
the look. They're very calming. Thank you, Peter. It is
now ten to six news dogs it'd be well. Today

(29:19):
is today. The unemployment figures come out and they're not
looking flash. To be fair, economists are picking a nine
year high of five point three percent for the September quarter,
the worsince twenty sixteen. Here's some good news, though it
could give the RBNZ hed an excuse to cut rates again,
not that they need an excuse Mike Jones is the
begon Zia's chief economist and joins us. Now, hell a mate,
come morning, what's your pick?

Speaker 6 (29:41):
Well, with the conspsus there at four point three percent,
so a bit of nude up.

Speaker 2 (29:46):
Is this the worst of it? Or is there more
to come? Or will it rebound from here? Are wee
at bottom?

Speaker 6 (29:52):
Will we think we're getting close to the to the
top for the unemployment rate cycle? I mean we have
another five thrillion forecast the next quarter and then starting
to improve from next year. So look, there's still of
ways to go. It's a little bit of a slog
ahead of us. But I think importably, we are starting
to see a few more encouraging signs out there, whether
it's job ads starting to lift or employers telling us

(30:13):
in business surveys that they expect to increase employment over
the year.

Speaker 2 (30:17):
Here there are less youth participating in our workforce, and
tell me about that, and how does it impact on
the numbers.

Speaker 6 (30:26):
Yeah, certainly we've seen youth employment bear the brunt of
us adjustment.

Speaker 8 (30:30):
Really.

Speaker 6 (30:30):
I mean we saw obviously back for years now in COVID,
youth unemployment dropped quite noticeably and youth workers were pulled
into the labor force given those really strong conditions at
the time, and what we've seen in the last kind
of year or eighteen months is almost the reverse of that,
with a lot of those youth workers leaving the labor
force or maybe going back to study and training and

(30:55):
so forth. And that's what we typically see in an
unemployment cycle, but probably a little bit more than usual
in this one.

Speaker 2 (31:03):
And do you think these figures will help push along
the RB to doing more cuts.

Speaker 8 (31:11):
Well, that's right.

Speaker 6 (31:12):
The res effacts already got a five point three percent
forecast in its numbers, so you get that result today.
It shouldn't ruffle too many feathers down at the bank,
and it does play to the grain of the economy
needed a little bit more help. So another twenty five
point cut later this month, that's in our forecasts, and
we suspect that it may well be the last, well.

Speaker 2 (31:35):
One would hope. So it's interesting how you say we're
at the top of the cycle, whereas I prefer to
say we're at the bottom of the cycle, because nobody
likes unemployment to be fair. Mike, enjoy your job today,
and thank you so much for waking up early to
us that is Mike Jones, Biginze's chief economist, News talk
to here b it is seven to six.

Speaker 1 (31:52):
Andrew Dickens on early edition with r VS Supercenter explore
r VS access or Resound Servicing All in one News Talks.

Speaker 2 (32:00):
They'd be Texas, says Roll on the floor, laughing. Five
percent unemployed. That's not taking into account the one hundred
and fifty thousand New Zealanders that have left New Zealand. Yeah,
there's been a hollowing out, that's fair to say. And
on the Fireworks Band, Taylor complains. He says that one
time I let off a sleigh rocket from a beer
bottle that fell over and launched into a tree and
set it on fire, and they want to ban them.
Come on, it only happened once, but that's what Winston

(32:21):
wants to do. Mike Costkin, good morning to you, Good
morning to you. Happy guy Falk's day. Yeah, are you
excited about that? I used to be when I had kids,
and then suddenly they went left home and suddenly you
change that.

Speaker 14 (32:33):
It's not I always argued that it was. Maybe it
was back in the day when you got good stuff,
you know what I mean. You could have a proper backyard,
and these days it sort of seems a bit tragic.

Speaker 2 (32:44):
Got a fellow who actually texted me today saying he's
been he's been stocking up for ages. The older they are,
the better. I mean, okay, that's probably double happy of
those gone. They gone ages ago, so you could hold
the tom thumb in your hand, double happy, not so much,
and the thunderbung as will kill you.

Speaker 14 (33:02):
The Katherine wheel on my mother's garage and she had
painted it, and it was an old wooden door and
she had painted it and I put the Katherine wheel
on spun around it was blackheas. Those were Those were
the days until when it comes off the string and
then just flies around the backyard, which and.

Speaker 2 (33:18):
Those were the days, and those were what does life
with that? A little bit of risk? That is the truth.

Speaker 14 (33:22):
Chris Bishop, this morning heard you mention the concerts, so
that that seems an exercise, and you're right to the
council and go what do you think? And it doesn't
really matter what they think because they're going to do
it anyway, because that's how they're running the country these days.
So that's exciting. I don't know why they don't move
it why don't we just have something on every day.
If you've got if you've got a facility in this,
why not just run it every day?

Speaker 2 (33:42):
Make shop. If necks out and I had his way,
he would firing up the business.

Speaker 14 (33:47):
And I'll be asking somebody this morning about this. If
you're frollowing with this homelessness thing that got started a
bubble in parliament. Clearly the government's looking at banning homelessness
from downtown area in the country, so that'll be in
we discussion to have.

Speaker 2 (34:01):
So we'll do all of that and more. And I
thank you. And Ryan is back tomorrow. My name's Andrew Dickens.
Back on Early Edition in December and the summer holiday
breakfast show. Bye bye.

Speaker 1 (34:15):
For more from Early Edition with Ryan Bridge, listen live
to News Talk Set B from five am weekdays, or
follow the podcast on iHeartRadio
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