April 7, 2026 • 34 mins
On the Early Edition with Ryan Bridge Full Show Podcast Wednesday 8th of April 2025, the Reserve Bank will deliver it's first OCR since operation epic fury, Anz Chief Economist Sharon Zollner what she thinks the bank will do.
There are calls for ministers to have more control over the agencies that they are responsible for, NZ Initiative Executive Director shares his thoughts with Ryan.
Dan Sabbagh Defence and security editor at the Guardian, shares his thoughts on Donald Trump's peace deal deadline.
Plus, UK/Europe Correspondent Gavin Grey has the latest on London’s most popular music festival cancelled after the UK government blocked Kanye West's permission to travel to the UK and JD Vance has travelled to Budapest to back veteran Hungarian Prime Minister Viktor Orbán, a key European ally of the Trump administration, ahead of tough parliamentary elections on Sunday.
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Speaker 1 (00:00):
The issues, the interviews and the insight. Ryan Bridge on
early edition with Spark for Business Technology that keeps business
moving news talks.
Speaker 2 (00:10):
They'd be very good morning, six after five.
Speaker 3 (00:12):
Great to have your company coming up this hour the
OCRs OCR Day to Day Will Sharon Zolna from A
and Z on that Gavin's in the UK for US.
Should ministers here be able to sack their department's CEOs
because currently they can't.
Speaker 2 (00:24):
And we'll head to Jerusalem on the.
Speaker 3 (00:26):
War the agenda eighth of April. He's warning civilization could
die tonight. This is in Iran and it's Trump. There's
seven hours left on his countdown clock at present.
Speaker 4 (00:40):
To waite boat a civilization anywhere would be to put
all of us on a course for the end of
the world. And we have to believe that Donald Trump
doesn't want that. I think what he is playing at
is possibly what we've seen before. The marketing of a
resolution to this conflict can be presented as a US success.
Speaker 3 (01:02):
This is how jd Vance is explaining it. He's in
Budapest at the moment.
Speaker 1 (01:06):
They've got to know.
Speaker 5 (01:07):
We've got tools in our toolkit that we so far
haven't decided to use. The President of United States can
decide to use them, and he will decide to use
them if the Ranians don't change their force of condom.
Speaker 3 (01:17):
When you talk about ending civilization, you immediately go to
a nuclear weapon, don't you. Is that what you thought too?
We'll talk about that in a second. Why is jd
Vance in Budapest? But he's there to support Victor Auban,
who we told you yesterday is an ally of Trump,
actually potentially an ally of Putin as well. He's going
to the polls Sunday.
Speaker 6 (01:36):
We all gratitude to President Trump and the Vice President
Vans for standing by Hungary during the past years.
Speaker 2 (01:44):
The United States of.
Speaker 6 (01:45):
America is the strongest country in the world, and I
am happy to say that they are our allies today.
The peace and the security of Hungary, therefore is guaranteed.
Speaker 2 (01:56):
Finally, this morning, it's by by ken Ye.
Speaker 3 (01:58):
He's been blocked from entering the UK because of a
bunch of sort of pro Nazi stuff that he said
a few years back. The gig that he was meant
to format has been canned as well.
Speaker 7 (02:07):
They really don't have anyone to blame other than themselves, really,
I mean, this was a wrong decision to invite Kanya
in the first instance, they should have done the decent
thing and canceled it once they saw the concern there was,
and now it's all fallen apart, but they have no
one to blame themselves. We want to see music festivals
being places of love and joy and togetherness, not places
(02:28):
where hate and hateful actors or performers are on stage.
Speaker 1 (02:35):
The first word on the News of the Day Early
edition with Ryan Bridge and Spark for Business Technology that
keeps business moving News talks.
Speaker 3 (02:44):
It'd be just gone nine minutes after five. We have
some numbers for you this morning. The global dairy trade
numbers are out. This is our fortnightly option and it's down.
It's actually the first drop that we've seen this year.
Remember last year it was tailing off towards the end,
and then we picked up again in January and haven't
really stopped well. Now we have down three point four
percent overnight, butter down eight point one percent, mozzarella down
(03:06):
six point two. The ones we really care about are
the milk powders. Skim milk powder that is down one
point six, whole milk powder down point seven. Now, yesterday
we had some good news on the commodity price front
because A and Z released there. This is the monthly
index of commodity prices, and they were up, in fact
near a record high for March. In fact, the only
(03:30):
other month that's been higher was after the war with
Ukraine broke out between Russia and Ukraine. So four point
one percent was the monthly increase. It was pretty much
across all categories. Dairy aluminium led the charge, and the
reason is that, well, basically people were going out and
precorded and being a bit scared about the war in
Iran and what it might mean for shipping, and so
(03:54):
they did some precautionary buying. And also with aluminium, the
UAE has smell to there that was damaged in some
attacks by Israel, so that's tightened up sorry by I run,
so that's tightened up the supply.
Speaker 2 (04:08):
Our dollar is also weak.
Speaker 3 (04:10):
So all of these things add together to mean that
the commodity prices are higher in world value terms, world
price terms are higher, and we're doing better now.
Speaker 2 (04:20):
The interesting thing.
Speaker 3 (04:20):
Will be what happens after this if you go out
and buy a whole bunch of stuff because you're worried
that the world's going to end. Then the next time
there is an option I you today, you buy less potentially,
and that might be why we are seeing the price
the global dairy trade auction come down. Aliuminium by the way,
up nine point eight percent month on month eleven. After five, Brian,
(04:46):
you're too Jerusalem next. I mean, honestly, Donald Trump just
calmed down, can you. And the more he get, the
more sort of bombastic he gets. You think, Okay, well,
he's either so frustrated because they're not giving him what
he wants that he's going to bression that literally the
end of the world, and then he'll pull back and
everything will be fine and the whole war will be over.
(05:07):
There'll be some kind of deal done. Well, the Iranians
have said that they're not going to negotiate directly with
the US from here on, and so that can't.
Speaker 2 (05:14):
Be a good sign.
Speaker 3 (05:14):
We'll head to Jerusalem for the latest on this.
Speaker 1 (05:16):
Next on your radio and online on iHeartRadio Belly Edition
with Ryan Bridge and Spark for Business Technology that keeps
Business Moving Newstalk ZB.
Speaker 3 (05:28):
Five thirteen on News Talk ZB Wellington.
Speaker 2 (05:31):
You're not crazy.
Speaker 3 (05:31):
Your rates are extremely high and you are paying through
the notes for them. Rates in Wellington have doubled since
twenty twelve, doubled, I know, just let that sink in
amongst the highest in the country, least affordable in the country,
including the levy for this new mile points sludge minimization plant,
which is apparently five hundred million dollars it's going to
(05:53):
cost the media and Wellington City residential rates have gone
from about nineteen hundred dollars and twenty two twelve to
five one hundred and seventy seven dollars last year. Now
that far outpaces your increase in household wages over the
same period, which were fifty six percent. So that's why
you're feeling the squeeze, and that's why you've elected Andrew Little,
who said he'd come in and sort the rates out.
(06:16):
You're never going to elect a right winger in Wellington,
are you, But I suppose Andrew Little is the closest
thing you'll get a centrist. He's brought the rates hight
for this year down from twelve percent to seven percent.
There'll be some cuts that will have to happen to
make that work, but he also wants and this is
what he's sort of ramping up to now is he
wants the government to pay rates on Parliament because they
(06:39):
don't at the moment, on schools, on Wellington Hospital, all
of those government buildings, they don't pay rates.
Speaker 2 (06:46):
He says, actually they should Bryan Bridge, which would mean
you pay less.
Speaker 3 (06:50):
Of course, five point fifteen, So seven hours on the
clock till Trump's peace deadline runs out. He has handed
to run a ten point plan for a ceasefire, but
the raging doesn't seem to be a fan of this.
So basically it's midday to day in New Zealand time,
and if this doesn't happen, quote, a whole civilization will
die tonight. Dan Saba is a defense and security editor
(07:11):
at The Guardian.
Speaker 2 (07:12):
Joins us this morning.
Speaker 3 (07:13):
Hi Dan, Hi, Hi. So well, let's start with what
Israel's doing overnight. I've been striking some bridges and transport
areas in Iran.
Speaker 8 (07:25):
Yes, that's right, one of the things that's happened obviously
during I'm in Jerusalem, so is during the day during
the day here. But yeah, we're all been looking ahead
to this Trump deadline tonight. But and Trump has been
threatening to bomb bridges and power plants, and we were
sort of expecting that could potentially be happening tomorrow. But
here we are, here we are. The Israelis began the
(07:46):
day and said we're going to bomb you know, telling
Arenians to keep away from the railway networks because they
might be bombed anytime during the day. That's how the
day started. And it looks like the idea of the
Israeli Air Force. So it bombed eight different bridges or
eight different parts of the railway network in and around Tehran.
So they're already, you know, never mind the deadline that
(08:08):
John Trump's talking about or it's crazy extraordinary talk about
civilization Erasia, but uh uh, you know, already we're seeing
civil infrastructure being heavily bombed in Iran.
Speaker 2 (08:20):
Yeah.
Speaker 3 (08:21):
What do you think that is about the Israelis going
ahead and doing that ahead of time? Is that a
warning like this is what you know, we're serious, we
will go ahead and do this.
Speaker 8 (08:31):
I think it's a mixture, Yes, I think it's partly that.
I think it's part of it's designed to kind of
up the pressure on on Iran as this negotiating deadline come,
you know, comes close. The reality is thus far throughout
you know, throughout the day doesn't it like Iran is
really that interested in talking. It doesn't like the terms
that have been put in front the fit. Iran wants
(08:51):
a permanent end to the war. It doesn't want to
cease fire, which is what's been on put you know,
on offer from mediators like the Egyptians and the Turks
and the Pakistanis it doesn't want this kind of idea
that they could be a ceasefire and then the Americans
could just bomb anyway for a couple of days and
then kind of say, oh, it's still a ceasefire. They
(09:12):
think that's kind of unfair. They want a full deal.
But the kind of things that they want seem to
want is they still want something a degree of control
over the straits of horn moves. And that's a non
start for Trump, who memorably said open the bleep straight
on social media earlier this week. So we're two sides
are a long way up, two sides seem a long
(09:32):
way apart. So I think that's partly why we're seeing
this increased bombing.
Speaker 3 (09:36):
And then you've got the Golf States who want Trump
basically to keep going, don't they.
Speaker 8 (09:42):
Well, well, the girlf States are being hit very hard
I think we've seen another facility in Saudi Arabia was
bombed to bomb today and they clearly would like the
US to somehow finish the job, although it's not exactly
obvious how the Americans can do that, given they work
commit ground forces. And if Iran is willing, if Iran's
(10:05):
leadership or new leadership is willing to take an awful
lot of pain, and it seems to be so far
done so, then this could go on for some time.
It's not a very attractive scenario for ninety million ordinary
Iranians that are caught up in this.
Speaker 3 (10:19):
Though certainly not Dan appreciate your analysis. Thank you, Dan Saba,
Defense and Security editor at The Guardian. It is eighteen
after five. News Talks HEB the New Zealand Initiative next
saying that government ministers here should have the power to
fire high and fire their department chief executives.
Speaker 2 (10:36):
News Talks HEB News.
Speaker 1 (10:39):
And Views You Trust to start your day. It's early
edition with Ryan Bridge and Spark for Business Technology that
keeps Business Moving.
Speaker 3 (10:48):
News TALKSB twenty one after five. Sharon Zold from a
Z on the OCEA decision out today from the Reserve
Bank that's coming up before six right now. The New
Zealand Initiative reckons, think tank reckons that Ministers of the
Crown here should have the power to fire their department's
CEOs ol of a heart, which the New Zealand Initiative
executive directed with me this morning.
Speaker 2 (11:06):
On of a good morning, good morning.
Speaker 3 (11:09):
So why do you Well, first of all, what's the
reason we don't let them.
Speaker 2 (11:13):
Do it at the moment.
Speaker 9 (11:15):
Well, the reason is actually that since nineteen eighty eight,
the Public Service Commission has been in charge of appointing
department chief executives. It's quite an unusual scenario really because
most people think when we bought for a government, the
government has the rights to basically govern as they like
and as they promise them their manifestos. But in fact
it's actually a Public Service Commission that appoints the department
(11:35):
chief executives, and very few other countries for system like that.
Speaker 3 (11:39):
Yes, but they can say, the minister can say I
don't have confidence in so and so and that. I
mean they normally sort it out. Did they need to
be able to pull the lever themselves.
Speaker 9 (11:50):
I think it would be a lot cleaner because I mean,
if you think about it this way. You might be
a minister just sworn in, but the department ce has
been reappointed by the previous government and under the Public
Service Commissioner back then, and then you spent your entire
term working with someone who you haven't picked, who might
not be happy with you, and vice versa, and that
actually doesn't work well. Then to implement the government's agenda.
Speaker 3 (12:13):
Can you give me an example of where this hasn't
worked or why this hasn't worked.
Speaker 10 (12:18):
Well?
Speaker 9 (12:18):
I mean, if you look at the resource management reforms
currently going through Parliament. So the coalition agreement was crystal
clear what they wanted to achieve was a new resource
management system based on property rights. We got a cabinet
paper in twenty four which promised just that, and when
you look at the draft legislation now before Parliament, there
is very little of that's still in there, and we
(12:39):
can suspect that the bureaucracy simply watered down the plants
that they didn't like.
Speaker 2 (12:44):
What are they do in Germany?
Speaker 9 (12:46):
Well, in Germany, under the constitution, the minister is in
charge of the ministry. It's articled sixty five of the
Basic Law, and that basically makes the Minister the Chief exect. Now,
in practice, of course, it means the ministers appoint a
state Secretary's state secretary runs the department on their behalf,
and that state secretary has to be qualified, so there's
a clear qualification requirement under the law. But also it's
(13:09):
someone that the minister can trust, So it's a political appointment,
but the rest of the public service is totally neutral.
So the political appointments are really for the top tier
of public servants, but nothing underneath the rest is totally protected.
There are guard rails, there is a whistleblower clause, and actually,
if you ever try to do anything unlawful in Germany,
(13:31):
the public service has a duty to object to that.
So it is not a jobs for maid's scheme. It
is something with guard rails, but it ensures that the
government of the day can implement their gender.
Speaker 3 (13:42):
Appreciate your time, Oliver Hartwich, New Zealand Initiative Executive directed
time is twenty four minutes after five. It's kind of
hard to argue with that, isn't it. I mean, I
suppose the only thing you know, you look at what's
his name, Pete Higgsseeth at the Department of Defense, or
Department of War whatever they're calling it now, firing people
left right and send to get rid of this general,
get rid of that general, because I don't like them.
(14:03):
They're not a yes man. They don't follow what I
want them to do. Good thing, bad thing. It could
go either way, I suppose, depending on who's in charge.
Speaker 2 (14:11):
Right.
Speaker 3 (14:11):
It is twenty four minutes after five. I've got a
lovely story about a pumpkin that has won a competition
in Australia I want to share with you, but we'll
also talk more about the war next and loads of
your texts coming in on rates, especially in Wellington.
Speaker 2 (14:24):
Unsurprisingly, the early.
Speaker 1 (14:25):
Edition full show podcast on iHeartRadio Power by News Talks
V News TALKSB.
Speaker 3 (14:32):
It is twenty six minutes after five. Let's talk about
the elephant in the room this morning, shall we? This
war in Iran has been a bit of a balls
up from Donald Trump at this point. He's cried wolf
now three times on his ultimatums. He's said one thing
and then in the next breath said the exact polar
opposite of it, and now he's talking about ending an
entire civilization, which again is probably bluster, but who really knows.
(14:56):
White House officials have described him as being in a
defiant move. Walls aren't generally one on moods, they're one
on strategy and execution, and the game plan for Iran
has clearly been sorely lacking for some time. Even Nigel Farage,
of all people, has come out overnight said Trump's gone
too far with his rhetoric. Tucker Carlson, he wants the
(15:17):
military to directly disobey Trump's orders refuse to carry out
his bombing. The reason this is all for nothing is
because Trump could blast Iran's military infrastructure till the cows
come home and still not get every drone, every speedboat,
every regime loving terrorist out there, and all it takes
are a few of them to hold the world to
ransom via the Strait, as we're all learning. So Trump
(15:38):
ups the ante, He talks tough, he threatens to end civilization.
Speaker 2 (15:43):
And what have the Iranians done.
Speaker 3 (15:45):
They've cut off direct diplomatic talks with the US, which
means we're now in some quite dangerous territory. Remember, for
them to win, or claim they have won, all they
have to do is survive to live another day, which
leaves Trump either ending in an entire civilization, which surely
he won't do because that could end the world or
(16:05):
backing down again. Either way not a great outcome for
a strong man like him, Ryan Bridge, this is what
Farag said. So there's been two Farage stand ups today.
One was he was talking about a local immigration policy
and then he did a walk about. So this is
what he initially said about Trump before the civilization chat.
Speaker 11 (16:27):
Without America, we are virtually defenseless. So both the British primatis,
i'd say to Trump, what is the aim, what is
the objective, what is the end game?
Speaker 2 (16:36):
What is the way out?
Speaker 11 (16:38):
And provide that I received satisfactory answers to those questions,
I would say the continued use of our basis was
the right thing to do.
Speaker 3 (16:46):
Yeah, he does a walk about afterwards, and in that
time Trump has put up his truth social post about
ending the civilization, and Faraj says, I am quite shocked
just to hear that that is over the top in
every single way. Yes, of course he wants to threaten
to get them to the negotiating table, but those words
are well, they're way too far. This is Nigel Faraj.
(17:10):
When you've lost Nigel's heir you know you've probably crossed
the line.
Speaker 2 (17:14):
Right. It is twenty nine minutes after five News TALKSB.
Speaker 3 (17:17):
We'll head to the UK after News and then to
Sharon Zolna on today's OCAR decision.
Speaker 1 (17:33):
Ryan Bridge on early edition with sparks for business technology
that keeps business moving.
Speaker 2 (17:39):
News Talk ZB.
Speaker 3 (17:42):
Pretty far away from six yer on News Talks, it'd
be great to have your company on this Wednesday morning.
Talk of seven percent inflation and poor dollar diesel? Are
these realistic numbers or are they stabs in the dark.
Sharon Zolna remains it on this Before six plus, we'll
head to the UK with Gavin Gray. Wouldn't you like
to be one of those astronauts further from mirth than
any humans being before? As Trump threatens to end a
(18:04):
civilization tonight, My goodness me, what are we doing? Here's
some good news for you. This is well, it's sort
of fun news for you. A record breaking pumpkin grown
in Australia four hundred and eight kilograms. It's ginormous that
they have to cut it round on the back of
a truck and they have to hoisted up with a
digger to get it off the ground. It is massive,
(18:26):
It's like the size of a small car. And this
is grower Kelsey Fremantle produce the winning giant, heaviest pumpkin
recorded in the competition's history. This is the Lower Calgan
Pumpkin Festival weigh in and second place was only two
kilograms off.
Speaker 2 (18:43):
They reckon.
Speaker 3 (18:43):
It's been the best year for growing pumpkins ever. Seeds
germinated in September, six months of growth. And the secret
to a giant pumpkin that you can put on the
back of a truck is loads of water. Time is
twenty three minutes away from six. Let's go to our
reporters around the country. Morning Callum, Morning Ryan. So we've
got a person overboard on a fishing trawler in the
(19:03):
South Pacific.
Speaker 12 (19:05):
Yeah, and a team of investigators, Ryan are heading to
to Bluff to look into this person went overboard on
a fishing trawler in the South Pacific on Sunday night.
This was a crew member on board the Amasile Mariner.
They were knocked overboard by a boy on Sunday night.
They're still missing. This is despite efforts to find them.
And it happens four hundred kilometers east of the Auckland Islands.
(19:29):
The Transport Accident Investigation Commission will now head south to
gather evidence on this and interview the trawler's crew and
other local officials. They say their focus will be on
evidence that could disappear or change, and hearing from people
while their memories fresh in their minds. Right, how's the weather,
Rain Clears to mainly find here today? High cloud northerly
is the high twenty two?
Speaker 3 (19:50):
All right, thank you Clears and christ this morning, clear,
good morning. So what's changed at Canterbury UNI? The student
bar after what went down and wind the change?
Speaker 13 (19:58):
Yeah, well you might know of the Foundry, the university
bar here in Canterbury. It's had an incident last year
where there was basically crushing in a large crowd as
it surged against fencing outside the venue. At least one
person was injured in that incident. The University's now announced
it Grassroots, which is a weekly DJ gig sort of system,
(20:21):
is back this year, but it has got a change.
They've introduced a ticketing system. The idea around this is
that there'll only be three hundred free tickets available each week,
just to limit how many people are there. One of
the students who was there at the time. Lincoln UNI
student Georgia Doughty suffered a concussion in the incident. She's
really welcoming the change, she says the tragedy was easily
(20:41):
avoidable and crowd attendance was not controlled well previously. The
Foundry and the student Association have both been approached for comment.
Speaker 2 (20:49):
How's your weather clear?
Speaker 13 (20:51):
Some scattered rain clearing this morning will become fine northeries
and a high of twenty four.
Speaker 3 (20:55):
Appreciate it, Thank you, Tabiz Macintosh. Wellington, they've got a
bit of rates rage there to beast.
Speaker 14 (21:01):
Yeah, little surprise seeing this new data. A report from
the Wellington City Council has found rates have more than
doubled since twenty twelve. So the median rates bill makes
up four point seven percent of household incomes in Wellington
and pottid Or. That's actually only beaten by Totonger and
Dunedin businesses. They've also been crying out for a rates relief.
(21:23):
Commercial rates in Wellington are the highest compared to similar areas,
making up two point four percent of capital value. Wellington's
Chief Strategy and Finance Officer, Andrea Reeves says the council
so far managed to reduce its proposed rates rise from
twelve point seven to seven point four percent. But that
may not be the slam dunk the council's actually claiming,
(21:45):
because of course water bills have been taken out of
rates bill and are being delivered to people separately.
Speaker 2 (21:51):
To beast, how's the weather in Wellington today?
Speaker 10 (21:54):
Yeah?
Speaker 14 (21:54):
Rain possibly heavy to no surprise it is windy northerlyes
a twenty high in Wellington.
Speaker 3 (22:00):
Have a great day, Nevas and Auckland morning, Neva, good morning.
So water Care and the boiled water notices, how long
are they going to last?
Speaker 2 (22:06):
Do we know?
Speaker 15 (22:07):
Yes?
Speaker 16 (22:07):
Well, I can tell you that the Councilor is optimistic,
very optimistic that Waterkere can remove the boiled water notices today.
So fingers crossed. So at the moment they're still in
place once again. Hillsborough, Mount Roskill, Royal Oak three Kings
they're the affected areas obviously after this e coal I
positive result on Monday. But look, water Care is saying
(22:29):
the results most likely due to an issue with the sample.
Tap Testing yesterday showed no further signs of the bacteria.
Christine Fletcher, the Counselor, says that hopefully the notice should
be removed if all goes well today, because what they'll
do they'll do another test. If that confirms today that
there's no e coalie, then as all systems.
Speaker 2 (22:49):
Go, oh, very good. How's our weather.
Speaker 16 (22:51):
Rain, rain, rain, rain clearing by midday?
Speaker 15 (22:54):
But isn't it muggy?
Speaker 2 (22:55):
It's very hot? Yeah, I noticed?
Speaker 16 (22:57):
Is it twenty now and it's twenty three today?
Speaker 3 (23:00):
Very gross and sticky, Neva, thank you very much for that.
Now that this is why people get angry, there's a
cole I in the water. You're paying how much you're
paying for rates, you know, and this Wellington's upset about
this vivistext in the program from STUN. I live in
a two hundred and eighty three square meter house that
I renovated here in Wellington. Not only do I pay
(23:20):
eighteen thousand dollars a year in rates with an imminent
further increase, I've also lost eight hundred k off my
QB because obviously house prices and Wellington have gone through
the floor. So people don't like it. And then you
look at what's happening with the water. You look at
what's happening when it rains and what goes in the ocean.
Speaker 2 (23:36):
And you think, what are we actually getting.
Speaker 3 (23:38):
For all this money that we're paying. You know, it's
a bit of a head scratcher. And watercre specifically U Watercre.
Yesterday I read more than half a million dollars on
food and beverage meetings last year. Sorry, got to cut
that out. Eighteen to six News Talk ZB. We're in
the UK. Next US talk ZB. It is called to six.
(24:00):
Great to have your company. This morning, carg Island has
been hit fifty strikes from the US while we've been
sleeping overnight now. Yesterday UR and Z was reporting that
Z had issued a national list price advisory for this
is for commercial customers, which would come into force yesterday,
that diesel would lift fifty five cents a liter that
(24:21):
would put it above four dollars a liter. In fact,
at some service stations could be four dollars sixteen per liter.
And the cost of refining as lifted six hundred percent.
Refining is now more of the cost than the actual
oil itself.
Speaker 2 (24:35):
So is this stuff true?
Speaker 3 (24:37):
Are we going to head to four dollars plus the
leader for diesel? And are we going to head to
seven percent inflation? Which is what some journalists are asking
is that number being plucked down of thin air or
is there a basis to Sharon's onor on that plus
the OCI in a few minutes.
Speaker 1 (24:52):
Time, International correspondence with NS and Eye Insurance, Peace of
Mind for New Zealand Business.
Speaker 3 (24:59):
Davin Graham New k for US, Kevin will start with
this music festival.
Speaker 2 (25:02):
Kanye is being given a big block by the government.
Speaker 15 (25:06):
He sure has, yes, So Kanye West has been blocked
by the British government from headlining a three day music
festival in London, probably London's most popular individual festival. It's
called Wireless in North London, and the US rapper was
due to headline across the three days. Now, initially the
Prime Minister said that he was unhappy that that was
the case because of Kanye's west string of anti Semitic comments. Now,
(25:30):
West had apologized for that back in January as saying
he'd lost touch with reality and had a bipolar disorder,
but many felt that he should not have been invited.
Then a couple of the headline sponsors withdrew. And now
we learn that the government is going to refuse Kanye
West a visa to come to the UK. And now
we learn that wireless is to be canceled this year.
(25:54):
All that happening in the last of the three four hours, really,
but the decision to block him was welcomed by politics
and Jewish groups, and they said lessons can be learned
across the industry for inviting somebody like Kanye West to
come and perform.
Speaker 2 (26:08):
Now let's go to Hungary.
Speaker 3 (26:10):
So jd Vance is in town trying to give the
current incumbent, Victor Orban a bit of a boost. But
he's going to lose the selection this weekend, isn't he.
Speaker 15 (26:19):
It's certainly looking that way. So Victor Auban has been
Prime Minister of Hungary for some fifteen years sixteen years
almost actually, and he's looking for friends to try and
bolster his campaign, and in steps the Vice President of
America JD.
Speaker 10 (26:34):
Vance.
Speaker 15 (26:35):
Very interesting this he's given a ringing endorsement to the
Hungarian prime minister. Why well, because JD Vance is probably
the key European ally of the Trump administration. He's also
the Russian President Vladimir Putin's closest partner in the EU
and a bit of an outlier when it comes to
the rest of the European Union bloc. So having won
(26:55):
four elections in a row, it looks like he is
set to lose Sunday vote according to opinion polls. JD
Vance launching a bitter attack on almost his arrival in Hungary,
just saying that the European Union had effectively twisted and
was trying to interfere in Hungary's election by using sort
(27:16):
of disgraceful tactics, as he'd called it, and that was
part of the reason that he'd come to visit and
lent his support to Victor Orbach. We will see the
result of that election, as I said, Sunday evening our time.
Speaker 3 (27:27):
Kevin Gray, are UK Europe corresponding? Appreciate your updates. There's
always twelve minutes away from six. Ryan Brichius oci Art
decision today post operation epic fury. This is from the
RB and Z economous reckon. They'll hold steady at two
point twenty five percent. Sharon Zolmer, a ands in chief
economs with me this morning. Sharon, good morning, good morning,
So creuch and hold today?
Speaker 10 (27:48):
Yeah, what else are you going to do? Yeah? Yeah,
it's so actually ambiguous how Muntry policy should respond to this.
It's clearly dead, but it's also clearly in slationary bad
for growth. There is no right answer for monetary policy
really in the sort of scenario, sort of do no
additional harm is kind of the best you can hope for.
(28:08):
So until it's clear whether it's going to require higher
interest rates to head off persistant inflation or not, absolutely
the best thing for the Reserve Bank to do is
just spand weight and see mode.
Speaker 3 (28:21):
The journalist asking about seven percent inflation, I'm assuming they're
picking that number because that's how high we got, actually
north of seven percent after the COVID years. But is
there any reason to think it will go that high?
Speaker 10 (28:36):
No, well, I mean not at this point here and
now today, ask us again tomorrow. You know, we're in
that kind of world. We made assumptions just to put
something in our updated forward us and we came up
with the number. But if you assume the oil price
peaks at one hundred and gradually clients from here, that
gives you something like three point six. Now, obviously that's
looking at that hierarque. At this point, it's looking like
(28:58):
the oil price will be higher for longer. We have
trumped sending posts that there's going to be civilizational destruction today,
So I mean that we're often terms of your forecasting
cecr inflation at that point. So it's really absolutely a
matter of weight and see. But for the Reserve Bank,
it's really not the point how high inflation goes. It's
(29:20):
how high it's stays, how quickly it comes down, whether
it becomes a medium term problem, or whether people just
accept it that it's a one off shift in the
price level and that things will get back to normal.
That's the key question.
Speaker 17 (29:33):
From where they sit.
Speaker 3 (29:34):
And are we somewhat insulated by the fact we haven't
been doing as well over the last few years as
other countries have been.
Speaker 10 (29:42):
There's no good time for something like this to happen.
But if you're economy is strong, that has advantages. But
if your economy has been weak, then you know that's
got some upsides as well. In particular, they're not in
a very frothy time for asset prices, for example, all
the heats come out of house prices already, so you
know the chances of a crash there is obviously lower
(30:03):
from the fact that the starting point is lower. We're
not in the world where firms are going to find
it particularly easy to pass cost increases through the prices.
That's bad news for them, but good news for the
Reserve Bank in terms of keeping in slate, we're not
keeping inflation low, but making sure it stays low in
the medium term, for example. But yeah, we're seeing different
(30:25):
countries at different points of the cycle. Yeah, being more
or less worried about inflation for exactly those kinds of reasons.
But it's also true that our official cash rate is
starting from a very low point. So there is a
scenario where the Reserve Bank could decide a little bit
furoner than otherwise that maybe they should get it back
(30:46):
to something closer to neutral. We'll have to wait and see.
We're still forecasting to send er, but honestly, the range
of plausible scenarios is obviously much much wider than.
Speaker 3 (30:56):
It was six weeks ago, and changes on every truth
social pot from a certain man in the White House.
Sharon Zolmer am Z Chief Economists with us this morning,
that ac ART decision out today, eight away from six
News TALKSB The.
Speaker 1 (31:10):
News you Need this morning and the in depth analysis
early edition with Ryan Bridge and Spark for Business Technology
that keeps Business Moving.
Speaker 3 (31:19):
News TALKSB News talksb six minutes away from six. There's
a lot of love for Wellington, but there's a lot
of hate for Wellington as well, and the fact that
their rates have doubled since twenty twelve. Morning Ryan, Wellington
rates are out of order, absolutely, But Wellington residents continue
to vote in left leaning counselors, says Ian, So they
are to blame themselves. Another says, apparently there's thirty five
(31:41):
staff members at Wellington City Council right now who work
directly on climate change initiatives. The focus is on implementing
Tatsakuda first to zero, so they've got themselves to blame.
Point the finger in the mirror.
Speaker 2 (31:55):
It is five to six, Bryan Bridge, Good morning, Mike.
Great learning.
Speaker 17 (32:01):
So the first learning I thought out of the war
was how reliant the world is on oil, and so
the whole climate change things is essentially a fraud. There's
nothing wrong with chasing a climate change target, but the
idea that we've got to where we are is basically
meant nothing. And then yesterday your PBC News so and
then I'm watching this one plastic New Zealand, you know,
(32:25):
and you've never heard of it because you don't want
to put your head above the parapet in an environment
where plastic to everything's in plastic. She said, everything's in plastic.
So what have we actually achieved in the last twenty
or thirty years in terms of making the world.
Speaker 2 (32:40):
No more plastic shopping bags?
Speaker 10 (32:42):
Wow?
Speaker 2 (32:43):
And so the dolphins and doesn't that does it?
Speaker 17 (32:45):
It's plastic straws and plastic shopping bags, and that's our.
Speaker 2 (32:49):
Big calling card.
Speaker 3 (32:51):
I always said, when they brought in that plastic shopping bag,
the single use ban, why don't we look at how
much plastic supermarkets use overall.
Speaker 2 (32:59):
To wrap the stuff out the bank because it's too
hot exactly.
Speaker 17 (33:01):
So we're happy for a headline. So we've saved some
plastic bags and plastic straws, and we think that we've
got a few solar panels and somehow and all it
takes one wore one straight and the whole thing.
Speaker 2 (33:11):
Did you read?
Speaker 17 (33:12):
By the way, there's an agency who's sent a bloke
from New York to the Straight of Her Moves and
he sat there talking to people for several days. The
straight up her Moves is actually open and there's quite
a few ships going through it.
Speaker 2 (33:25):
So that's blanket.
Speaker 17 (33:26):
Western it's all closed, isn't true? So anyway, we'll cover
all that morning. Winston Peters, by the way, he's met with.
Speaker 2 (33:32):
Little Marco Marco Rubia, so we'll get.
Speaker 17 (33:35):
Him on phone and find out what happened.
Speaker 3 (33:36):
Very good looking forward to it. Mike is here with
you next. Have a fantastic day. Hopefully civilized civilization and
endures both today tomorrow.
Speaker 1 (34:00):
I'm 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, the interviews and the insight. Ryan Bridge on
early edition with Spark for Business Technology that keeps business
moving news talks.
Speaker 2 (00:10):
They'd be very good morning, six after five.
Speaker 3 (00:12):
Great to have your company coming up this hour the
OCRs OCR Day to Day Will Sharon Zolna from A
and Z on that Gavin's in the UK for US.
Should ministers here be able to sack their department's CEOs
because currently they can't.
Speaker 2 (00:24):
And we'll head to Jerusalem on the.
Speaker 3 (00:26):
War the agenda eighth of April. He's warning civilization could
die tonight. This is in Iran and it's Trump. There's
seven hours left on his countdown clock at present.
Speaker 4 (00:40):
To waite boat a civilization anywhere would be to put
all of us on a course for the end of
the world. And we have to believe that Donald Trump
doesn't want that. I think what he is playing at
is possibly what we've seen before. The marketing of a
resolution to this conflict can be presented as a US success.
Speaker 3 (01:02):
This is how jd Vance is explaining it. He's in
Budapest at the moment.
Speaker 1 (01:06):
They've got to know.
Speaker 5 (01:07):
We've got tools in our toolkit that we so far
haven't decided to use. The President of United States can
decide to use them, and he will decide to use
them if the Ranians don't change their force of condom.
Speaker 3 (01:17):
When you talk about ending civilization, you immediately go to
a nuclear weapon, don't you. Is that what you thought too?
We'll talk about that in a second. Why is jd
Vance in Budapest? But he's there to support Victor Auban,
who we told you yesterday is an ally of Trump,
actually potentially an ally of Putin as well. He's going
to the polls Sunday.
Speaker 6 (01:36):
We all gratitude to President Trump and the Vice President
Vans for standing by Hungary during the past years.
Speaker 2 (01:44):
The United States of.
Speaker 6 (01:45):
America is the strongest country in the world, and I
am happy to say that they are our allies today.
The peace and the security of Hungary, therefore is guaranteed.
Speaker 2 (01:56):
Finally, this morning, it's by by ken Ye.
Speaker 3 (01:58):
He's been blocked from entering the UK because of a
bunch of sort of pro Nazi stuff that he said
a few years back. The gig that he was meant
to format has been canned as well.
Speaker 7 (02:07):
They really don't have anyone to blame other than themselves, really,
I mean, this was a wrong decision to invite Kanya
in the first instance, they should have done the decent
thing and canceled it once they saw the concern there was,
and now it's all fallen apart, but they have no
one to blame themselves. We want to see music festivals
being places of love and joy and togetherness, not places
(02:28):
where hate and hateful actors or performers are on stage.
Speaker 1 (02:35):
The first word on the News of the Day Early
edition with Ryan Bridge and Spark for Business Technology that
keeps business moving News talks.
Speaker 3 (02:44):
It'd be just gone nine minutes after five. We have
some numbers for you this morning. The global dairy trade
numbers are out. This is our fortnightly option and it's down.
It's actually the first drop that we've seen this year.
Remember last year it was tailing off towards the end,
and then we picked up again in January and haven't
really stopped well. Now we have down three point four
percent overnight, butter down eight point one percent, mozzarella down
(03:06):
six point two. The ones we really care about are
the milk powders. Skim milk powder that is down one
point six, whole milk powder down point seven. Now, yesterday
we had some good news on the commodity price front
because A and Z released there. This is the monthly
index of commodity prices, and they were up, in fact
near a record high for March. In fact, the only
(03:30):
other month that's been higher was after the war with
Ukraine broke out between Russia and Ukraine. So four point
one percent was the monthly increase. It was pretty much
across all categories. Dairy aluminium led the charge, and the
reason is that, well, basically people were going out and
precorded and being a bit scared about the war in
Iran and what it might mean for shipping, and so
(03:54):
they did some precautionary buying. And also with aluminium, the
UAE has smell to there that was damaged in some
attacks by Israel, so that's tightened up sorry by I run,
so that's tightened up the supply.
Speaker 2 (04:08):
Our dollar is also weak.
Speaker 3 (04:10):
So all of these things add together to mean that
the commodity prices are higher in world value terms, world
price terms are higher, and we're doing better now.
Speaker 2 (04:20):
The interesting thing.
Speaker 3 (04:20):
Will be what happens after this if you go out
and buy a whole bunch of stuff because you're worried
that the world's going to end. Then the next time
there is an option I you today, you buy less potentially,
and that might be why we are seeing the price
the global dairy trade auction come down. Aliuminium by the way,
up nine point eight percent month on month eleven. After five, Brian,
(04:46):
you're too Jerusalem next. I mean, honestly, Donald Trump just
calmed down, can you. And the more he get, the
more sort of bombastic he gets. You think, Okay, well,
he's either so frustrated because they're not giving him what
he wants that he's going to bression that literally the
end of the world, and then he'll pull back and
everything will be fine and the whole war will be over.
(05:07):
There'll be some kind of deal done. Well, the Iranians
have said that they're not going to negotiate directly with
the US from here on, and so that can't.
Speaker 2 (05:14):
Be a good sign.
Speaker 3 (05:14):
We'll head to Jerusalem for the latest on this.
Speaker 1 (05:16):
Next on your radio and online on iHeartRadio Belly Edition
with Ryan Bridge and Spark for Business Technology that keeps
Business Moving Newstalk ZB.
Speaker 3 (05:28):
Five thirteen on News Talk ZB Wellington.
Speaker 2 (05:31):
You're not crazy.
Speaker 3 (05:31):
Your rates are extremely high and you are paying through
the notes for them. Rates in Wellington have doubled since
twenty twelve, doubled, I know, just let that sink in
amongst the highest in the country, least affordable in the country,
including the levy for this new mile points sludge minimization plant,
which is apparently five hundred million dollars it's going to
(05:53):
cost the media and Wellington City residential rates have gone
from about nineteen hundred dollars and twenty two twelve to
five one hundred and seventy seven dollars last year. Now
that far outpaces your increase in household wages over the
same period, which were fifty six percent. So that's why
you're feeling the squeeze, and that's why you've elected Andrew Little,
who said he'd come in and sort the rates out.
(06:16):
You're never going to elect a right winger in Wellington,
are you, But I suppose Andrew Little is the closest
thing you'll get a centrist. He's brought the rates hight
for this year down from twelve percent to seven percent.
There'll be some cuts that will have to happen to
make that work, but he also wants and this is
what he's sort of ramping up to now is he
wants the government to pay rates on Parliament because they
(06:39):
don't at the moment, on schools, on Wellington Hospital, all
of those government buildings, they don't pay rates.
Speaker 2 (06:46):
He says, actually they should Bryan Bridge, which would mean
you pay less.
Speaker 3 (06:50):
Of course, five point fifteen, So seven hours on the
clock till Trump's peace deadline runs out. He has handed
to run a ten point plan for a ceasefire, but
the raging doesn't seem to be a fan of this.
So basically it's midday to day in New Zealand time,
and if this doesn't happen, quote, a whole civilization will
die tonight. Dan Saba is a defense and security editor
(07:11):
at The Guardian.
Speaker 2 (07:12):
Joins us this morning.
Speaker 3 (07:13):
Hi Dan, Hi, Hi. So well, let's start with what
Israel's doing overnight. I've been striking some bridges and transport
areas in Iran.
Speaker 8 (07:25):
Yes, that's right, one of the things that's happened obviously
during I'm in Jerusalem, so is during the day during
the day here. But yeah, we're all been looking ahead
to this Trump deadline tonight. But and Trump has been
threatening to bomb bridges and power plants, and we were
sort of expecting that could potentially be happening tomorrow. But
here we are, here we are. The Israelis began the
(07:46):
day and said we're going to bomb you know, telling
Arenians to keep away from the railway networks because they
might be bombed anytime during the day. That's how the
day started. And it looks like the idea of the
Israeli Air Force. So it bombed eight different bridges or
eight different parts of the railway network in and around Tehran.
So they're already, you know, never mind the deadline that
(08:08):
John Trump's talking about or it's crazy extraordinary talk about
civilization Erasia, but uh uh, you know, already we're seeing
civil infrastructure being heavily bombed in Iran.
Speaker 2 (08:20):
Yeah.
Speaker 3 (08:21):
What do you think that is about the Israelis going
ahead and doing that ahead of time? Is that a
warning like this is what you know, we're serious, we
will go ahead and do this.
Speaker 8 (08:31):
I think it's a mixture, Yes, I think it's partly that.
I think it's part of it's designed to kind of
up the pressure on on Iran as this negotiating deadline come,
you know, comes close. The reality is thus far throughout
you know, throughout the day doesn't it like Iran is
really that interested in talking. It doesn't like the terms
that have been put in front the fit. Iran wants
(08:51):
a permanent end to the war. It doesn't want to
cease fire, which is what's been on put you know,
on offer from mediators like the Egyptians and the Turks
and the Pakistanis it doesn't want this kind of idea
that they could be a ceasefire and then the Americans
could just bomb anyway for a couple of days and
then kind of say, oh, it's still a ceasefire. They
(09:12):
think that's kind of unfair. They want a full deal.
But the kind of things that they want seem to
want is they still want something a degree of control
over the straits of horn moves. And that's a non
start for Trump, who memorably said open the bleep straight
on social media earlier this week. So we're two sides
are a long way up, two sides seem a long
(09:32):
way apart. So I think that's partly why we're seeing
this increased bombing.
Speaker 3 (09:36):
And then you've got the Golf States who want Trump
basically to keep going, don't they.
Speaker 8 (09:42):
Well, well, the girlf States are being hit very hard
I think we've seen another facility in Saudi Arabia was
bombed to bomb today and they clearly would like the
US to somehow finish the job, although it's not exactly
obvious how the Americans can do that, given they work
commit ground forces. And if Iran is willing, if Iran's
(10:05):
leadership or new leadership is willing to take an awful
lot of pain, and it seems to be so far
done so, then this could go on for some time.
It's not a very attractive scenario for ninety million ordinary
Iranians that are caught up in this.
Speaker 3 (10:19):
Though certainly not Dan appreciate your analysis. Thank you, Dan Saba,
Defense and Security editor at The Guardian. It is eighteen
after five. News Talks HEB the New Zealand Initiative next
saying that government ministers here should have the power to
fire high and fire their department chief executives.
Speaker 2 (10:36):
News Talks HEB News.
Speaker 1 (10:39):
And Views You Trust to start your day. It's early
edition with Ryan Bridge and Spark for Business Technology that
keeps Business Moving.
Speaker 3 (10:48):
News TALKSB twenty one after five. Sharon Zold from a
Z on the OCEA decision out today from the Reserve
Bank that's coming up before six right now. The New
Zealand Initiative reckons, think tank reckons that Ministers of the
Crown here should have the power to fire their department's
CEOs ol of a heart, which the New Zealand Initiative
executive directed with me this morning.
Speaker 2 (11:06):
On of a good morning, good morning.
Speaker 3 (11:09):
So why do you Well, first of all, what's the
reason we don't let them.
Speaker 2 (11:13):
Do it at the moment.
Speaker 9 (11:15):
Well, the reason is actually that since nineteen eighty eight,
the Public Service Commission has been in charge of appointing
department chief executives. It's quite an unusual scenario really because
most people think when we bought for a government, the
government has the rights to basically govern as they like
and as they promise them their manifestos. But in fact
it's actually a Public Service Commission that appoints the department
(11:35):
chief executives, and very few other countries for system like that.
Speaker 3 (11:39):
Yes, but they can say, the minister can say I
don't have confidence in so and so and that. I
mean they normally sort it out. Did they need to
be able to pull the lever themselves.
Speaker 9 (11:50):
I think it would be a lot cleaner because I mean,
if you think about it this way. You might be
a minister just sworn in, but the department ce has
been reappointed by the previous government and under the Public
Service Commissioner back then, and then you spent your entire
term working with someone who you haven't picked, who might
not be happy with you, and vice versa, and that
actually doesn't work well. Then to implement the government's agenda.
Speaker 3 (12:13):
Can you give me an example of where this hasn't
worked or why this hasn't worked.
Speaker 10 (12:18):
Well?
Speaker 9 (12:18):
I mean, if you look at the resource management reforms
currently going through Parliament. So the coalition agreement was crystal
clear what they wanted to achieve was a new resource
management system based on property rights. We got a cabinet
paper in twenty four which promised just that, and when
you look at the draft legislation now before Parliament, there
is very little of that's still in there, and we
(12:39):
can suspect that the bureaucracy simply watered down the plants
that they didn't like.
Speaker 2 (12:44):
What are they do in Germany?
Speaker 9 (12:46):
Well, in Germany, under the constitution, the minister is in
charge of the ministry. It's articled sixty five of the
Basic Law, and that basically makes the Minister the Chief exect. Now,
in practice, of course, it means the ministers appoint a
state Secretary's state secretary runs the department on their behalf,
and that state secretary has to be qualified, so there's
a clear qualification requirement under the law. But also it's
(13:09):
someone that the minister can trust, So it's a political appointment,
but the rest of the public service is totally neutral.
So the political appointments are really for the top tier
of public servants, but nothing underneath the rest is totally protected.
There are guard rails, there is a whistleblower clause, and actually,
if you ever try to do anything unlawful in Germany,
(13:31):
the public service has a duty to object to that.
So it is not a jobs for maid's scheme. It
is something with guard rails, but it ensures that the
government of the day can implement their gender.
Speaker 3 (13:42):
Appreciate your time, Oliver Hartwich, New Zealand Initiative Executive directed
time is twenty four minutes after five. It's kind of
hard to argue with that, isn't it. I mean, I
suppose the only thing you know, you look at what's
his name, Pete Higgsseeth at the Department of Defense, or
Department of War whatever they're calling it now, firing people
left right and send to get rid of this general,
get rid of that general, because I don't like them.
(14:03):
They're not a yes man. They don't follow what I
want them to do. Good thing, bad thing. It could
go either way, I suppose, depending on who's in charge.
Speaker 2 (14:11):
Right.
Speaker 3 (14:11):
It is twenty four minutes after five. I've got a
lovely story about a pumpkin that has won a competition
in Australia I want to share with you, but we'll
also talk more about the war next and loads of
your texts coming in on rates, especially in Wellington.
Speaker 2 (14:24):
Unsurprisingly, the early.
Speaker 1 (14:25):
Edition full show podcast on iHeartRadio Power by News Talks
V News TALKSB.
Speaker 3 (14:32):
It is twenty six minutes after five. Let's talk about
the elephant in the room this morning, shall we? This
war in Iran has been a bit of a balls
up from Donald Trump at this point. He's cried wolf
now three times on his ultimatums. He's said one thing
and then in the next breath said the exact polar
opposite of it, and now he's talking about ending an
entire civilization, which again is probably bluster, but who really knows.
(14:56):
White House officials have described him as being in a
defiant move. Walls aren't generally one on moods, they're one
on strategy and execution, and the game plan for Iran
has clearly been sorely lacking for some time. Even Nigel Farage,
of all people, has come out overnight said Trump's gone
too far with his rhetoric. Tucker Carlson, he wants the
(15:17):
military to directly disobey Trump's orders refuse to carry out
his bombing. The reason this is all for nothing is
because Trump could blast Iran's military infrastructure till the cows
come home and still not get every drone, every speedboat,
every regime loving terrorist out there, and all it takes
are a few of them to hold the world to
ransom via the Strait, as we're all learning. So Trump
(15:38):
ups the ante, He talks tough, he threatens to end civilization.
Speaker 2 (15:43):
And what have the Iranians done.
Speaker 3 (15:45):
They've cut off direct diplomatic talks with the US, which
means we're now in some quite dangerous territory. Remember, for
them to win, or claim they have won, all they
have to do is survive to live another day, which
leaves Trump either ending in an entire civilization, which surely
he won't do because that could end the world or
(16:05):
backing down again. Either way not a great outcome for
a strong man like him, Ryan Bridge, this is what
Farag said. So there's been two Farage stand ups today.
One was he was talking about a local immigration policy
and then he did a walk about. So this is
what he initially said about Trump before the civilization chat.
Speaker 11 (16:27):
Without America, we are virtually defenseless. So both the British primatis,
i'd say to Trump, what is the aim, what is
the objective, what is the end game?
Speaker 2 (16:36):
What is the way out?
Speaker 11 (16:38):
And provide that I received satisfactory answers to those questions,
I would say the continued use of our basis was
the right thing to do.
Speaker 3 (16:46):
Yeah, he does a walk about afterwards, and in that
time Trump has put up his truth social post about
ending the civilization, and Faraj says, I am quite shocked
just to hear that that is over the top in
every single way. Yes, of course he wants to threaten
to get them to the negotiating table, but those words
are well, they're way too far. This is Nigel Faraj.
(17:10):
When you've lost Nigel's heir you know you've probably crossed
the line.
Speaker 2 (17:14):
Right. It is twenty nine minutes after five News TALKSB.
Speaker 3 (17:17):
We'll head to the UK after News and then to
Sharon Zolna on today's OCAR decision.
Speaker 1 (17:33):
Ryan Bridge on early edition with sparks for business technology
that keeps business moving.
Speaker 2 (17:39):
News Talk ZB.
Speaker 3 (17:42):
Pretty far away from six yer on News Talks, it'd
be great to have your company on this Wednesday morning.
Talk of seven percent inflation and poor dollar diesel? Are
these realistic numbers or are they stabs in the dark.
Sharon Zolna remains it on this Before six plus, we'll
head to the UK with Gavin Gray. Wouldn't you like
to be one of those astronauts further from mirth than
any humans being before? As Trump threatens to end a
(18:04):
civilization tonight, My goodness me, what are we doing? Here's
some good news for you. This is well, it's sort
of fun news for you. A record breaking pumpkin grown
in Australia four hundred and eight kilograms. It's ginormous that
they have to cut it round on the back of
a truck and they have to hoisted up with a
digger to get it off the ground. It is massive,
(18:26):
It's like the size of a small car. And this
is grower Kelsey Fremantle produce the winning giant, heaviest pumpkin
recorded in the competition's history. This is the Lower Calgan
Pumpkin Festival weigh in and second place was only two
kilograms off.
Speaker 2 (18:43):
They reckon.
Speaker 3 (18:43):
It's been the best year for growing pumpkins ever. Seeds
germinated in September, six months of growth. And the secret
to a giant pumpkin that you can put on the
back of a truck is loads of water. Time is
twenty three minutes away from six. Let's go to our
reporters around the country. Morning Callum, Morning Ryan. So we've
got a person overboard on a fishing trawler in the
(19:03):
South Pacific.
Speaker 12 (19:05):
Yeah, and a team of investigators, Ryan are heading to
to Bluff to look into this person went overboard on
a fishing trawler in the South Pacific on Sunday night.
This was a crew member on board the Amasile Mariner.
They were knocked overboard by a boy on Sunday night.
They're still missing. This is despite efforts to find them.
And it happens four hundred kilometers east of the Auckland Islands.
(19:29):
The Transport Accident Investigation Commission will now head south to
gather evidence on this and interview the trawler's crew and
other local officials. They say their focus will be on
evidence that could disappear or change, and hearing from people
while their memories fresh in their minds. Right, how's the weather,
Rain Clears to mainly find here today? High cloud northerly
is the high twenty two?
Speaker 3 (19:50):
All right, thank you Clears and christ this morning, clear,
good morning. So what's changed at Canterbury UNI? The student
bar after what went down and wind the change?
Speaker 13 (19:58):
Yeah, well you might know of the Foundry, the university
bar here in Canterbury. It's had an incident last year
where there was basically crushing in a large crowd as
it surged against fencing outside the venue. At least one
person was injured in that incident. The University's now announced
it Grassroots, which is a weekly DJ gig sort of system,
(20:21):
is back this year, but it has got a change.
They've introduced a ticketing system. The idea around this is
that there'll only be three hundred free tickets available each week,
just to limit how many people are there. One of
the students who was there at the time. Lincoln UNI
student Georgia Doughty suffered a concussion in the incident. She's
really welcoming the change, she says the tragedy was easily
(20:41):
avoidable and crowd attendance was not controlled well previously. The
Foundry and the student Association have both been approached for comment.
Speaker 2 (20:49):
How's your weather clear?
Speaker 13 (20:51):
Some scattered rain clearing this morning will become fine northeries
and a high of twenty four.
Speaker 3 (20:55):
Appreciate it, Thank you, Tabiz Macintosh. Wellington, they've got a
bit of rates rage there to beast.
Speaker 14 (21:01):
Yeah, little surprise seeing this new data. A report from
the Wellington City Council has found rates have more than
doubled since twenty twelve. So the median rates bill makes
up four point seven percent of household incomes in Wellington
and pottid Or. That's actually only beaten by Totonger and
Dunedin businesses. They've also been crying out for a rates relief.
(21:23):
Commercial rates in Wellington are the highest compared to similar areas,
making up two point four percent of capital value. Wellington's
Chief Strategy and Finance Officer, Andrea Reeves says the council
so far managed to reduce its proposed rates rise from
twelve point seven to seven point four percent. But that
may not be the slam dunk the council's actually claiming,
(21:45):
because of course water bills have been taken out of
rates bill and are being delivered to people separately.
Speaker 2 (21:51):
To beast, how's the weather in Wellington today?
Speaker 10 (21:54):
Yeah?
Speaker 14 (21:54):
Rain possibly heavy to no surprise it is windy northerlyes
a twenty high in Wellington.
Speaker 3 (22:00):
Have a great day, Nevas and Auckland morning, Neva, good morning.
So water Care and the boiled water notices, how long
are they going to last?
Speaker 2 (22:06):
Do we know?
Speaker 15 (22:07):
Yes?
Speaker 16 (22:07):
Well, I can tell you that the Councilor is optimistic,
very optimistic that Waterkere can remove the boiled water notices today.
So fingers crossed. So at the moment they're still in
place once again. Hillsborough, Mount Roskill, Royal Oak three Kings
they're the affected areas obviously after this e coal I
positive result on Monday. But look, water Care is saying
(22:29):
the results most likely due to an issue with the sample.
Tap Testing yesterday showed no further signs of the bacteria.
Christine Fletcher, the Counselor, says that hopefully the notice should
be removed if all goes well today, because what they'll
do they'll do another test. If that confirms today that
there's no e coalie, then as all systems.
Speaker 2 (22:49):
Go, oh, very good. How's our weather.
Speaker 16 (22:51):
Rain, rain, rain, rain clearing by midday?
Speaker 15 (22:54):
But isn't it muggy?
Speaker 2 (22:55):
It's very hot? Yeah, I noticed?
Speaker 16 (22:57):
Is it twenty now and it's twenty three today?
Speaker 3 (23:00):
Very gross and sticky, Neva, thank you very much for that.
Now that this is why people get angry, there's a
cole I in the water. You're paying how much you're
paying for rates, you know, and this Wellington's upset about
this vivistext in the program from STUN. I live in
a two hundred and eighty three square meter house that
I renovated here in Wellington. Not only do I pay
(23:20):
eighteen thousand dollars a year in rates with an imminent
further increase, I've also lost eight hundred k off my
QB because obviously house prices and Wellington have gone through
the floor. So people don't like it. And then you
look at what's happening with the water. You look at
what's happening when it rains and what goes in the ocean.
Speaker 2 (23:36):
And you think, what are we actually getting.
Speaker 3 (23:38):
For all this money that we're paying. You know, it's
a bit of a head scratcher. And watercre specifically U Watercre.
Yesterday I read more than half a million dollars on
food and beverage meetings last year. Sorry, got to cut
that out. Eighteen to six News Talk ZB. We're in
the UK. Next US talk ZB. It is called to six.
(24:00):
Great to have your company. This morning, carg Island has
been hit fifty strikes from the US while we've been
sleeping overnight now. Yesterday UR and Z was reporting that
Z had issued a national list price advisory for this
is for commercial customers, which would come into force yesterday,
that diesel would lift fifty five cents a liter that
(24:21):
would put it above four dollars a liter. In fact,
at some service stations could be four dollars sixteen per liter.
And the cost of refining as lifted six hundred percent.
Refining is now more of the cost than the actual
oil itself.
Speaker 2 (24:35):
So is this stuff true?
Speaker 3 (24:37):
Are we going to head to four dollars plus the
leader for diesel? And are we going to head to
seven percent inflation? Which is what some journalists are asking
is that number being plucked down of thin air or
is there a basis to Sharon's onor on that plus
the OCI in a few minutes.
Speaker 1 (24:52):
Time, International correspondence with NS and Eye Insurance, Peace of
Mind for New Zealand Business.
Speaker 3 (24:59):
Davin Graham New k for US, Kevin will start with
this music festival.
Speaker 2 (25:02):
Kanye is being given a big block by the government.
Speaker 15 (25:06):
He sure has, yes, So Kanye West has been blocked
by the British government from headlining a three day music
festival in London, probably London's most popular individual festival. It's
called Wireless in North London, and the US rapper was
due to headline across the three days. Now, initially the
Prime Minister said that he was unhappy that that was
the case because of Kanye's west string of anti Semitic comments. Now,
(25:30):
West had apologized for that back in January as saying
he'd lost touch with reality and had a bipolar disorder,
but many felt that he should not have been invited.
Then a couple of the headline sponsors withdrew. And now
we learn that the government is going to refuse Kanye
West a visa to come to the UK. And now
we learn that wireless is to be canceled this year.
(25:54):
All that happening in the last of the three four hours, really,
but the decision to block him was welcomed by politics
and Jewish groups, and they said lessons can be learned
across the industry for inviting somebody like Kanye West to
come and perform.
Speaker 2 (26:08):
Now let's go to Hungary.
Speaker 3 (26:10):
So jd Vance is in town trying to give the
current incumbent, Victor Orban a bit of a boost. But
he's going to lose the selection this weekend, isn't he.
Speaker 15 (26:19):
It's certainly looking that way. So Victor Auban has been
Prime Minister of Hungary for some fifteen years sixteen years
almost actually, and he's looking for friends to try and
bolster his campaign, and in steps the Vice President of
America JD.
Speaker 10 (26:34):
Vance.
Speaker 15 (26:35):
Very interesting this he's given a ringing endorsement to the
Hungarian prime minister. Why well, because JD Vance is probably
the key European ally of the Trump administration. He's also
the Russian President Vladimir Putin's closest partner in the EU
and a bit of an outlier when it comes to
the rest of the European Union bloc. So having won
(26:55):
four elections in a row, it looks like he is
set to lose Sunday vote according to opinion polls. JD
Vance launching a bitter attack on almost his arrival in Hungary,
just saying that the European Union had effectively twisted and
was trying to interfere in Hungary's election by using sort
(27:16):
of disgraceful tactics, as he'd called it, and that was
part of the reason that he'd come to visit and
lent his support to Victor Orbach. We will see the
result of that election, as I said, Sunday evening our time.
Speaker 3 (27:27):
Kevin Gray, are UK Europe corresponding? Appreciate your updates. There's
always twelve minutes away from six. Ryan Brichius oci Art
decision today post operation epic fury. This is from the
RB and Z economous reckon. They'll hold steady at two
point twenty five percent. Sharon Zolmer, a ands in chief
economs with me this morning. Sharon, good morning, good morning,
So creuch and hold today?
Speaker 10 (27:48):
Yeah, what else are you going to do? Yeah? Yeah,
it's so actually ambiguous how Muntry policy should respond to this.
It's clearly dead, but it's also clearly in slationary bad
for growth. There is no right answer for monetary policy
really in the sort of scenario, sort of do no
additional harm is kind of the best you can hope for.
(28:08):
So until it's clear whether it's going to require higher
interest rates to head off persistant inflation or not, absolutely
the best thing for the Reserve Bank to do is
just spand weight and see mode.
Speaker 3 (28:21):
The journalist asking about seven percent inflation, I'm assuming they're
picking that number because that's how high we got, actually
north of seven percent after the COVID years. But is
there any reason to think it will go that high?
Speaker 10 (28:36):
No, well, I mean not at this point here and
now today, ask us again tomorrow. You know, we're in
that kind of world. We made assumptions just to put
something in our updated forward us and we came up
with the number. But if you assume the oil price
peaks at one hundred and gradually clients from here, that
gives you something like three point six. Now, obviously that's
looking at that hierarque. At this point, it's looking like
(28:58):
the oil price will be higher for longer. We have
trumped sending posts that there's going to be civilizational destruction today,
So I mean that we're often terms of your forecasting
cecr inflation at that point. So it's really absolutely a
matter of weight and see. But for the Reserve Bank,
it's really not the point how high inflation goes. It's
(29:20):
how high it's stays, how quickly it comes down, whether
it becomes a medium term problem, or whether people just
accept it that it's a one off shift in the
price level and that things will get back to normal.
That's the key question.
Speaker 17 (29:33):
From where they sit.
Speaker 3 (29:34):
And are we somewhat insulated by the fact we haven't
been doing as well over the last few years as
other countries have been.
Speaker 10 (29:42):
There's no good time for something like this to happen.
But if you're economy is strong, that has advantages. But
if your economy has been weak, then you know that's
got some upsides as well. In particular, they're not in
a very frothy time for asset prices, for example, all
the heats come out of house prices already, so you
know the chances of a crash there is obviously lower
(30:03):
from the fact that the starting point is lower. We're
not in the world where firms are going to find
it particularly easy to pass cost increases through the prices.
That's bad news for them, but good news for the
Reserve Bank in terms of keeping in slate, we're not
keeping inflation low, but making sure it stays low in
the medium term, for example. But yeah, we're seeing different
(30:25):
countries at different points of the cycle. Yeah, being more
or less worried about inflation for exactly those kinds of reasons.
But it's also true that our official cash rate is
starting from a very low point. So there is a
scenario where the Reserve Bank could decide a little bit
furoner than otherwise that maybe they should get it back
(30:46):
to something closer to neutral. We'll have to wait and see.
We're still forecasting to send er, but honestly, the range
of plausible scenarios is obviously much much wider than.
Speaker 3 (30:56):
It was six weeks ago, and changes on every truth
social pot from a certain man in the White House.
Sharon Zolmer am Z Chief Economists with us this morning,
that ac ART decision out today, eight away from six
News TALKSB The.
Speaker 1 (31:10):
News you Need this morning and the in depth analysis
early edition with Ryan Bridge and Spark for Business Technology
that keeps Business Moving.
Speaker 3 (31:19):
News TALKSB News talksb six minutes away from six. There's
a lot of love for Wellington, but there's a lot
of hate for Wellington as well, and the fact that
their rates have doubled since twenty twelve. Morning Ryan, Wellington
rates are out of order, absolutely, But Wellington residents continue
to vote in left leaning counselors, says Ian, So they
are to blame themselves. Another says, apparently there's thirty five
(31:41):
staff members at Wellington City Council right now who work
directly on climate change initiatives. The focus is on implementing
Tatsakuda first to zero, so they've got themselves to blame.
Point the finger in the mirror.
Speaker 2 (31:55):
It is five to six, Bryan Bridge, Good morning, Mike.
Great learning.
Speaker 17 (32:01):
So the first learning I thought out of the war
was how reliant the world is on oil, and so
the whole climate change things is essentially a fraud. There's
nothing wrong with chasing a climate change target, but the
idea that we've got to where we are is basically
meant nothing. And then yesterday your PBC News so and
then I'm watching this one plastic New Zealand, you know,
(32:25):
and you've never heard of it because you don't want
to put your head above the parapet in an environment
where plastic to everything's in plastic. She said, everything's in plastic.
So what have we actually achieved in the last twenty
or thirty years in terms of making the world.
Speaker 2 (32:40):
No more plastic shopping bags?
Speaker 10 (32:42):
Wow?
Speaker 2 (32:43):
And so the dolphins and doesn't that does it?
Speaker 17 (32:45):
It's plastic straws and plastic shopping bags, and that's our.
Speaker 2 (32:49):
Big calling card.
Speaker 3 (32:51):
I always said, when they brought in that plastic shopping bag,
the single use ban, why don't we look at how
much plastic supermarkets use overall.
Speaker 2 (32:59):
To wrap the stuff out the bank because it's too
hot exactly.
Speaker 17 (33:01):
So we're happy for a headline. So we've saved some
plastic bags and plastic straws, and we think that we've
got a few solar panels and somehow and all it
takes one wore one straight and the whole thing.
Speaker 2 (33:11):
Did you read?
Speaker 17 (33:12):
By the way, there's an agency who's sent a bloke
from New York to the Straight of Her Moves and
he sat there talking to people for several days. The
straight up her Moves is actually open and there's quite
a few ships going through it.
Speaker 2 (33:25):
So that's blanket.
Speaker 17 (33:26):
Western it's all closed, isn't true? So anyway, we'll cover
all that morning. Winston Peters, by the way, he's met with.
Speaker 2 (33:32):
Little Marco Marco Rubia, so we'll get.
Speaker 17 (33:35):
Him on phone and find out what happened.
Speaker 3 (33:36):
Very good looking forward to it. Mike is here with
you next. Have a fantastic day. Hopefully civilized civilization and
endures both today tomorrow.
Speaker 1 (34:00):
I'm 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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