August 7, 2025 • 34 mins
On the Early Edition with Ryan Bridge Full Show Podcast Friday 8th of August 2025, the Ardern government was warned that the spending spree during Covid would have dire consequences, Finance Minister Nicola Willis explains the impact it's had.
There's been confirmation from the Kremlin overnight that a meeting between Trump and Putin will take place as early as next week, BBC Russia correspondent Olga Ivshina tells Ryan whether it will impact the deadline for sanctions.
A US company’s building the world’s largest airplane to transport massive wind turbines, the company's CEO Mark Lundstrom tells Ryan about the project.
Plus UK Correspondent Vincent McAviney has the latest on Israel's security cabinet meeting and the UK beginning operating its 'one in one out' scheme with France.
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Episode Transcript
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Speaker 1 (00:01):
The issues, the interviews and the insight. Ryan Bridge on
an early edition with ex pole insulation keeping Kimi Holmes
warm and dry.
Speaker 2 (00:10):
This winter news talks'd be good morning.
Speaker 3 (00:12):
It is six after five, Big Friday, packed Friday for
you this morning. Nikola Willis on the show Live before
six on the sixty six billion dollar question over COVID,
The BBC Russia correspondent on Trump's meeting with Putin. Yes,
they're meant to be meeting next week. Vincent mcavinie on Netanya,
who's meeting that's over Gaza. That's happening anytime any second now.
In fact, I think it's just underway. Plus this morning
(00:34):
we will speak to the company trying to build the
world's biggest ever aircraft and they've never built an aircraft
of any description, not even a drone before in their lives.
We'll speak to them in a couple of minutes time,
Just gone six after five.
Speaker 2 (00:53):
The agenda Friday, the eighth of August.
Speaker 3 (00:55):
Netanya, who's a meeting with his security cabinet, is underway.
They are talking about potentially taking over the Gaza Strip. Earlier,
in an interview with Fox News, Netanya, who said he
wanted to take over Gaza, but not keep it.
Speaker 4 (01:07):
We intend to in order to assure our security, remove
Kamas there, enable the population to be free of Gaza,
and to pass it to civilian governance that is not
Kamas and not anyone advocating the destruction divisual.
Speaker 3 (01:23):
All right, we'll see how that goes down this morning. Meanwhile,
Potin's trying to play Trump again. The Kremlin says, I
face to face meeting could happen as early as next week.
This is between potent and Donald Trump. But we've got
US sanctions heaving Russia tomorrow. So the question is will
Trump hold off?
Speaker 5 (01:38):
If it does succeed and we have no sankings tomorrow,
Putin will think he has escaped yet another problem with
the present American president and ked no real christ for it.
Speaker 3 (01:47):
Just keep stringing him along, doesn't he. Japan's in big trouble.
Too many deaths, not enough babies. It's an old problem
for them, but it's still a big one. Nearly a
million more people died than were born last year, biggest
drop since nineteen sixty eight. The government's tried everything, cash housing, parentally,
nothing seems to be working.
Speaker 6 (02:05):
There are a less and less number of young generation,
and the older burdens are on the young generation and
they won't be able to sustain. So society is are
going to be breaking up. Economy is just going to stagnate.
Speaker 1 (02:19):
The news you need this morning and the in depth
analysis earlier this year with Ryan Bridge and ex Bowl
Insulation keeping Kiwi homes warm and dry this winter news talks.
Speaker 2 (02:30):
A'd bet it's.
Speaker 3 (02:31):
Gone eight minutes after five on your Friday morning. Yes,
so it's interesting what's happening with Trump and Putin. Kremlin
confirms a bilateral is on between Trump and Putin. And
then because we've had Steve Witkoff over there obviously, so
they've been having a chat and the Americans said, well,
it'll be a three way probably be a three way
meeting including Zelensky, and then Putin's the Kremlin comes back
(02:53):
and says, no, no, we're not having to hang on
none of that. We're not having No one agreed to
a three way meeting. It's just a bilateral with Trump.
And there was talk in their little chats in Moscow,
there was talk of getting a Zelenski involved, but the
Crement says that was all from the American side. There
actually nothing to do with us, and we didn't agree
to it. Nine minutes after five. We'll talk to the
(03:14):
BBC's Russia correspondent about that in a few minutes, well
before five thirty this morning, find out exactly what's going on.
Could we see President Trump on a plane to Moscow
next week? It would be incredible to see it, given
what's happened over the last three years. Will it do anything?
And what about these terrorists? There's sanctions that he's threatening
to impose. Also this morning, I want to get you
(03:37):
across the story of Erica Stamford's text to Willow Jen
Prime from Labor. These are the education minister and spokesperson.
There's the full text in the Herald today and nothing
but cordial and welcoming and warm from Erica Stanford. And
what did we get from Willow Jen Prime? Well wait
(03:58):
till you're here. Ten after five, New Talk said B.
This big plane next.
Speaker 1 (04:03):
Get ahead of the headlines on early edition with Ryan
Branch and x Fole Insulation keeping Kiwi Holmes warm and
dry this winter News Talk, said B.
Speaker 3 (04:13):
Five twelve on news Talk said B, what lessons are
we teaching our children? This is a Willow Jen Prime
whose Labour's education spokesperson and Erica Stanford. The Heralds got
hold of the receipts the texts between the two over NCA. So,
just to set the scene for you, Chris Hopkins very
insistent that when he was the education minister, he bent
(04:35):
over backwards. He went out of his way to make
sure that he consulted the opposition when he was in
government so that there'd be lasting and enduring change on education, right,
and so, Erica Stanford, this is on NCEEA. Erica Stanford
texts Willow gene Prime after she took over from Jantinetti
in March, because obviously James Gonski, Hey, Willow, Jan, congrats
(04:57):
on the new role. We'll need to get you up
to speed with the NCEA change process. Jan and I
had started working cross party on this given the importance
of our national qualification. She wrote, would be good if
we could meet first and I can run you through
where we're at and what the process is. There is
a policy advisory group, blah blah blah. Anyway, Erica never
(05:19):
hears back. Isn't that terrible? She follows up her office
does with him with an email and no word back.
Now Here is the dog ate my homework response from
Willow Gene Prime, which I think is absolute bs. She says, oh, no, no, no,
(05:40):
no no, it's because I had to I did want
to meet with her, but I wanted to go and
talk to parents and teachers first and then come and
give come off at Willow Jene. You were either at
to lunch or you were just being a bit snooty.
Were knew that's what happened. Nothing to do with consultation.
You could have gone along to the meeting, heard what
she had to say, and then gone and spoken to
(06:02):
a teacher. We're not stupid. Fourteen after five, Ryan Bridge,
Are you is companies building the world's largest airplane, called
the wind Runner, to transport massive wind turbines. The catch, well,
they've never actually built an aircraft before, but they say
the demand for green energy makes it worth the risk.
Mark Lunstrom is the aerospace engineer who founded Radio the
(06:24):
company behind this, and is with me this morning. Good morning,
All right, good mar Mark, great to have you on
the show. Can you just tell us how big? Give
us an idea of how big this bad boy is.
Speaker 7 (06:35):
Sure, it's by far the world's largest aircraft. It's about
twelve times the volume of a seven forty seven. It
has a cockpit that's about as all as a five
story building, and it's about eight times as big as
the largest military aircraft flying today, the C five.
Speaker 3 (06:50):
Okay, so massive.
Speaker 7 (06:51):
Why So it turns out that there's a lot of
very large peloads that need to be moved hard to
reach places, and so we originally started working on the
wind Runner in order to move the world's biggest wind
turbines to onshore locations. So the goal is to be
able to move over a one hundred turbine blade and
(07:12):
land it on a piece of dirt within the confines
of a wind farm. And if you can do that,
you can reduce the cost wind energy by about a third.
And then it turns out if you can actually have
the capability of moving gigantic things too hard to reach places,
there's some fantastic humanitarian missions that you can provide, and
a lot of defense applications you can provide. So you
can basically put you could essentially move a six pack
(07:34):
of F sixteen fighters or a six pack of Shino
helicopters and land on a piece of dirt as well.
Speaker 3 (07:40):
Landing on the dirt sounds interesting. This is obviously going
to be very heavy if you've got one hundred meter
wind to final six jets in there.
Speaker 4 (07:48):
Yeah.
Speaker 7 (07:48):
So it's actually the first time that an airplane has
been designed to optimize volume instead of mass. And so
it turns out that even though the airplane is very big,
it's not quite as heavy as you think it as
you would think it would be.
Speaker 2 (08:01):
And it's so.
Speaker 7 (08:01):
Big that we have the ability to put lots of
landing gear on it, and so that enables us to
have not that much poundage per wheel and so we're
able to land on on just semi prepared dirt strips.
Speaker 3 (08:12):
So it was seven times the volume of a seven
forty seven, did you say, And if that's the case,
how do you keep it flying?
Speaker 7 (08:22):
So twelve times the volume of a seven forty seven,
So it is gigantic and you keep it flying by
just using standard airspace techniques. You know, if you have
if you have powerful enough jet engines, you can make
you can make a very large airplane fly. So what
the design team did at Radio is we basically have
designed this airplane around the things that are already in
mass production and already flying. So making sure, we reduce
(08:44):
the technology risk by by designing the airplane around the
things that are already flying. It turns out that there's
some very powerful engines that can move a very large
airplane today. And it's and that's because basically it's been
it's been essentially thirty years since a large cargo aircraft
had been toned, and during those decades, engine technology has
improved massively, and so that enables us to move an
(09:06):
airplane that's that's much much larger than the industry has
made for a long time.
Speaker 3 (09:11):
Why are you doing this? Well, how are you? How
far through are you? Why your business? And why aren't
those ones who do you know, large aircraft already attempting
something like this or are they?
Speaker 7 (09:24):
Yeah, so we we are the company behind this, were
not the company that's exclusively building this. And so Radia
has built a supply chain that includes dozens of companies.
The top aerospace manufacturing companies in the world are working
with us to pull this aircraft together because it's it's
such a unique vehicle and it's so exciting, I think
for the supply chain to actually have an opportunity for
(09:46):
the aerospace industry to participate in helping solve climate change,
and so for an aeronautical solution to help move the
needle and climate change is very exciting for the company
and very exciting for the supply chain. But it a
bit of a unique vehicle and it's not something that's
sort of straight down the middle for a company that
usually makes passenger aircraft or military aircraft. This is something
(10:09):
there's a market opportunity that is a small company. We
we identified that and then we inspired the supply chain
to work with us to build it.
Speaker 3 (10:17):
Give us a date, Mark, will we see it in
the skies.
Speaker 7 (10:20):
You'll see in the skies by the end of the decade.
Speaker 2 (10:22):
So it's no, it's no.
Speaker 7 (10:23):
It's no fast process to design the world and build
the world's largest aircraft. But we've been at this for
about eight years. We're about ready to start manufacturing. The
supply chain has all been built, uh, and so we're
we're we intend to start providing service an end of decade.
Speaker 3 (10:37):
Based the lock Scie flying Mark Lonstrom has the aerospace
engineer at Radia and the founder of that business iteen
minutes after five News talks a babel get an update
on Trump putin macing with our BBC Russia Correspondent.
Speaker 1 (10:49):
Next on your radio and online on iheard Radio Belly
Edition with Ryan Bridge and Expol Insulation keeping Ky We
homes well Andry this winter news talks.
Speaker 3 (11:02):
At be great to have your company. Twenty one after five,
we'll get to Nikola Willis the Finance Minister before six
on this Treasury report right now. Confirmation from the Kremlin
overnight that a meeting between Trump and Persian will take
place as early as next week. Time is running out
for a ceasfire deal. Of course, Trump's threatening oil sanctions
on Russia by tomorrow. Question is will he now wait
(11:22):
for the potential meeting? Olga If Shina is the BBC
Russia correspondent, Olga, welcome to the program. What do you
think will happen?
Speaker 7 (11:31):
Oh?
Speaker 8 (11:32):
That's you know, that's a good question. If I knew,
I guess I would be somewhere else or working somewhere else.
But yeah, the truth is, the things are developing really fast.
But the latest from Trump administration it seems that now
they say that in order for Putting and Trump to meet,
Puttin must meet Zelenski. But then earlier today when Putting
(11:54):
was challenged by reporters, if he's ready to meet Zelensky.
He said certain conditions must be fulfilled and they're not
fulfilled yet, which basically signals that Moscow is not ready
to meet the ENSK, which puts the subsequent meeting with
Trump into question. But I doubt that Trump will hit
with tariffs on Friday, bearing in mind the meeting is
(12:15):
so close and possible, and his PR so called PR victory,
his possible per achievement is so close. I don't think
he's gonna risk it by introducing tariffs on Friday.
Speaker 3 (12:27):
But does that not just show that person is again
stringing Trump alone.
Speaker 8 (12:34):
It seems that up to now Moscow has been quite
successful in dragging on in postponing negotiations and in a way, yeah,
playing with Trump's administration on its terms. And we have
seen that Putin has achieved, not too much, but he
has achieved something. Meanwhile, First of all, he managed to
(12:55):
push most of the Ukrainian forces out of the coast
region of Russia after the Ukrainian's incursion in twenty twenty four.
He managed to capture a few more little villages in Ukraine.
And yeah, he seems to have initiative on a father
not as much as he wants, but he definitely has
achieved something in this last five six months. While he
(13:17):
tries to pretend he's still open for the piece deal
with Ukraine.
Speaker 3 (13:21):
What's going to stop potent? I mean, he's obviously not
scared of more sanctions, He's obviously not scared of Trump
moving as nuclear as subs around.
Speaker 8 (13:30):
Oh fre It's a good question. I mean, definitely, Russian
economy is not performing marvelously. I mean, it does avoids anxious,
it does evade anxious quite successfully on some fronts. But
on the other front, we see that it's dependence on
the trade with China, it dependence on military equipment from
(13:51):
North Korea is raising, and there's something which is mister
put not happy about. And of course, if Trump hits
with tariffs, it Trumps manages to cut Russian oil supplies
to the global South, that might hit Russia quite hard.
So definitely mister Puttin will try to avoid that either.
We diploma see all with chess gains on the on
(14:15):
the global chess board, but definitely he won't stop, and
he definitely wants to achieve some guarantees of how he
sees it, European security and Russian security how he sees this,
which means promise of NATO not including Ukraine and basically
(14:38):
not enlarging to the east.
Speaker 3 (14:40):
Oh goat, appreciate your insights. Ares always. I'll get ive China.
The Babyc's Russia correspondent with a step. Meeting between Trump
and person could happen next week. Twenty four minutes after five,
Nit Yah, who's been meeting with his security cabinet. We'll
have an update on that upter five thirty. Next, I'll
get you across this Treasury report, which is bad news,
bad time for labor.
Speaker 1 (14:58):
The Early Edition Full show podcast on iHeartRadio powered by
News Talks.
Speaker 3 (15:03):
AB News TALKSB Twenty seven minutes after five on your
Friday morning. The sixty six billion dollar question hanging over
Labour's head has been answered. This new Treasury report tells
us pretty much what we already knew about Labour's COVID response.
They went too far. They spent like drunken sailors. They
made it rain dollar bills, and then Treasury said, hey, hey, hey,
(15:27):
hey hey, pullback, pullback, And what did they do? They
didn't listen, and they kept on spending. COVID was the
most expensive economic event this country seeing the government splashed
out sixty six billion, which is twenty percent of our GDP.
And guess how much of that went on specific pandemic
healthcare costs eighteen percent one eight The rest of it, well,
(15:53):
they just kept spending. Forget the Nigerian prince. This is
the biggest scammed hit Kiwi Shaws in a very long time.
They spent money, the COVID fund money on things like
school lunches and art therapy programs. The report tiptoes around it,
but the clear inference is labor went too far pulling
the fiscal lever. The Reserve Bank should be using monetary
(16:14):
policy to do the bulk of the heavy lifting and
future events. And at the same time, this report lands
on our lapse like a thud, like a ton of bricks.
Chris Hipkins was in Queenstown yesterday chatting about the policies
they don't have but will probably have going into the election.
Guess what's on the menu. A capital gains tax, probably
(16:35):
more government spending definitely, and talk that the Treasury imposed
safe debt cap could be increased, so debt tax and spend.
People may not like Christopher Luxen's delivery of this message
it greats people at the moment, you can sense it,
but you can't hide from the fact that those guys
(16:57):
as in labor screwed the Pooch Pooch. If they were
to get back into power, best be preparing for more screwing.
Speaker 2 (17:05):
Ryan Bridge twenty.
Speaker 3 (17:07):
Nine minutes after five News Talks, HEB we'll get to
Nikola Willis. She's got a few words to say about
this after It's sorry, just before six o'clock this morning,
and Vincent mcabinnie is in the UK for us, and
we'll talk about Nittnyahu's meeting. He's just gone on Fox News.
He's come out and said, Yeah, I actually do want
to take over Gaza. I won't be there forever, but
(17:28):
I at least want to have a crack. So we'll
look at that before six to two News Talk SEB.
Speaker 1 (17:46):
News and Views you trust to start your day. It's
earlier this ship with Ryan Bridge at Expol Insulation keeping
Kiwie Holmes warm and dry.
Speaker 2 (17:55):
This Winter News Talk SEDB. Good morning, and it's twenty.
Speaker 3 (18:07):
Four away from six news tib It is well, I've
just told you at the time, haven't I. What I
meant to say is the Bank of England's cut its
interest rates just now from four point twenty five percent
to four percent, so a bit of a cut from
central Vancouver in the UK. We'll get to Vincent mcavanne,
who's our UK correspondent, also talk about the Netnyahu meeting,
and Nicola Willis on the show before six this morning
(18:28):
on this Treasury report. Over in Ohio, there's a river
obviously summer over there. Everybody's been out boating and people
who eagle eed kayakers, actually a bunch of them on
this Ohio river. Thought this is strange. This is an
early August. So a couple of days ago, suddenly there
was an increase in the river level and a corresponding
(18:51):
drop in the lake level during the early days of August,
and they thought, this is odd. What's causing this, what's
behind us? And they soon found out and realized that JD. Vance,
the Vice President, was holidaying there and the Secret Service
had requested that they drop the water level, sorry increase
(19:12):
the river level thereby dropping the lake level for his
family's boating trip. They were all out there kayaking and fishing,
having a gay old time for his forty first birthday.
They say it was not because it made it more
comfortable for kayaking, more optimal conditions. They say it was
(19:32):
for safety reasons. No one's buying that. Twenty three to
six Ryan Bridge, She's talks ABD. It's get to our
reporters around the country. Jordan done for Dunedin. Good morning,
good morning ride, Good to have you in now. Tell
us about these checks that have been done for ski seasons. Yeah,
that's right.
Speaker 9 (19:47):
So it's in the Central Otago businesses which are being
checked to ensure that they're meeting employment standards during the
you know, that busy ski season. And it's a joint
MB and Labor Inspectorate operation which has focused on ensuring
both employers and employees are aware of their rights and responsibilities.
So it's been triggered by some ongoing complaints and concerns
about that. So here of the Labor Inspector at Joanne Hackings,
(20:09):
says they're focusing on businesses that are busiest during the
ski season, and she says they include hospitality and retail
businesses which tend to hide that extra staff, especially you know,
young people or migrants to meet that high demand. How's
the weather today, Yeah, so challs developing in the morning.
Some possibly heavy northwesterlies, turning it to southwesterlies in the morning,
strong at times in a higher ten degrees.
Speaker 3 (20:30):
William, thanks Jordan, have a great date. Clears in christ Church,
take Claire good morning. Oran a Wildlife Park no longer
banned from taking in new animals.
Speaker 2 (20:39):
Yeah, we haven't talked.
Speaker 10 (20:40):
About a run a wildlife park for some time, but
it was all we spoke about twelve months ago. The
christ Church Zoo has now messed all of the requirements
that were set out by the Zoo and Aquarium Association.
This is following a six month review. Than are able
to resume animal transfers to bringing in new animals as
well as their breeding programs. This all came about after
(21:00):
allegations of unreported animal deaths, as well as some unsafe
workplace environment situations that arose at the park last year.
The board co chair, Professor Ken Huey says the outcome
reflects the commitment to positive and lasting change. It all
came about after the departure of irana's chief executive of
(21:20):
twenty eight years, Lynn Anderson. Former National Aquarium of New
Zealand director Rachel Hayden has now taken over that role
as well.
Speaker 3 (21:29):
All right, how's your weather?
Speaker 10 (21:30):
Cloudy with showers returning in christ Church today, northerlys turning
southwest and a high thirteen.
Speaker 3 (21:36):
Thank you Maxim Wellington, Max, good morning, Good and tag
Counsel and Action keeping families out of their homes.
Speaker 11 (21:44):
Yes, sturing the Post this morning about two Wellington homeowners
having to evacuate their properties due to quite large slips
caused by you might imagine old pipes bursting under their properties.
A seat of large steps leading to these hillside properties
in Wadeestown color lapsed on Monday. Fire crews got the
owners out, then they had to wait a couple of
(22:04):
days just to hear from the council or Wellington Water
just to tell them whether they could go home or not.
No one checked in, no immediate assessment. And of course
this is a pipe that was installed in the nineteen
sixties that burst. The latest was yesterday. They were told
they couldn't return yet once private engineers visited, and they're
still trying to find out more from the council. The
Council's not telling them anything. They've tried the mayor as well.
(22:27):
They told the Post. At their wits end, assessments seem
to be being delayed. The pipe was always a ticking
time bomb. It's no surprise it burst. And on top
of all this the slip it may also affect the
Johnsonville rail line as well. It's quite close to that.
So more assessments need to happen.
Speaker 3 (22:43):
Oh, for goodness sake. And they're busy naming new sister
cities in.
Speaker 11 (22:47):
Garada, more sisters in the von Trapp family.
Speaker 3 (22:54):
With the mix but of rain.
Speaker 11 (22:56):
This morning has suddenly turned this afternoon fourteen the high Central.
Speaker 3 (22:59):
Thank you hate me? You've good morning morning. Happy Friday?
Speaker 12 (23:02):
Yes, yes, happy Friday, say it with meaning, Come on.
Speaker 3 (23:05):
Happy Friday. Bootech stores in Auckland have been caught in
an overseas scam.
Speaker 12 (23:11):
Oh these scammers, for goodness sake, Yes, Sam, those scamming
dam those scammers. Meticana Village. So what's happened is that
there's an online clothing shop based in Hong Kong for
attending to be a local store at Meticana Village and
Meticana Boutiques. Amy Hope says this issue really gets home
for her because the online shop is using the same
name as her business. She says, the social media ads,
(23:34):
you know, using the same font and there's another store
store to boutique owner. That's Alana Silk, she said. She said,
twelve people visiting asking for a specific jumper that they
saw on this online store and saying, oh, can we
come in and try it on? So they've been driving
out there and she's said to say, scam, scam, scam.
Speaker 1 (23:52):
I know.
Speaker 5 (23:53):
So not good.
Speaker 12 (23:54):
And especially too, you know, you have the Medicana Village,
You've got you know, the the markets every Saturday, and
so people are driving out there saying oh I saw this,
and Facebook and blah blah blah. So it's all the skin.
Speaker 3 (24:05):
These crazy they're going up, even small out.
Speaker 12 (24:07):
I know, and especially for if the you know, like
got stuff for here for New Zealand brands and wanting
people to do local you know that. I think that's
really just upsetting.
Speaker 3 (24:18):
Every shop in person. That's the moral of the story,
isn't it. You're going to go in there and see stuff,
make sure it's real.
Speaker 12 (24:23):
Well that's right.
Speaker 3 (24:24):
Yes, Hey, how's our weather?
Speaker 12 (24:26):
We got scared of showers tuning in to rain heavy
falls for a time. This morning, sixteen is a high.
Speaker 3 (24:31):
Brilliant neither, Thank you, great to see you. Enjoy your Friday.
It's just gone eighten minutes away from six o'clock. A
quick little update for you. This is out of Jakarta
overnight because Todd mcclay's over there assigning a deal, an
agricultural deal with the Indonesians and the two way trap. Well,
exports from our way over to their way about one
(24:53):
point six billion at the moment. I actually went with
John Key when he was Prime Minister and it would
have been the Trade minister Grosser way back in twenty twelve.
At that point I think it was one billion we
were exporting. It's now one point six billion, which is good,
but it hasn't exactly exploded taken off. So Todd mcclay's
over there at the moment. He's agg and Trade Minister.
(25:15):
He's signed a deal for long term commercial partnerships about cooperation.
It's specifically about agriculture, trying to get more of our
basically our milk, powder and beef over there. And the
Indonesians say this is good, but if you read their
side of the story, it must be balanced trade. In
other words, yes, we will take more of your milk
and your beef, but you're going to take more of
(25:36):
our rubber cocoa and palm oil. Sixteen away from six
News Talk said b Nicola willis coming up along with
our UK Europe correspondent on this net and Yahoo.
Speaker 1 (25:48):
Meeting International correspondence with ends and eye insurance, peace of
mind for New Zealand business.
Speaker 3 (25:54):
Well, turn away from six we'll get to Nikola Willison
just a second right now, Vins and macaviny a UK
Europe correspondent. And it sounds like the Israeli defense forces
currently warning civilians to get out of parts of Gaza.
This after reports that nitnya who actually wants to take
it over.
Speaker 13 (26:10):
Yeah, that's right. This is an evacuation order for parts
of Gaza City's old town to evacuate immediately. And it
comes after a Security Council meeting chaired by Prime Minister Venuminetignahu,
where he expressed to his cabinet what has been long
thought that after the apparent collapse of Seafire talks with Hamas,
he wants a vast expansion of military operations. Now it
(26:33):
is slightly unclear what his plan is. He's saying that
they don't want to govern continuously Gaza, but they do
want to take full control of it. At the moment
they control around sort of three quarters of the territory,
but they want to fully take control. This will involve
moving into areas they haven't been before, particularly areas where
there are some sort of refugee camps in the middle
(26:54):
of it, where it's thought that some of the hostages
are still being held. And then he says it will
be the mission to eradicate Hamas and then for new
elections to take place and an hour of power to
come in and control the territory after that. So the
broad outlines of a plan, but it's already sparking condemnation,
(27:14):
not just externally but also internally. There are reports that
people senior in the IDF are not happy with this plan.
They think their reserves are exhausted. Already there has been
a rise in suicide among young Israelis in those defense forces,
and so it remains to be seeing whether or not Venuineesnia.
Speaker 2 (27:31):
Who can get this over the line with his.
Speaker 3 (27:33):
Country, appreciate that. Thanks so much for your time. Vincent
mcavini are UK europe correspondent with an update on the
situation in Gaza. It is twelve minutes away from six
now Brian Bridge. So Jasindra Doom was worn repeatedly along
with Grant Robertson that his spending spree during COVID would
have died consequences, and she was warned Aszuli As twenty twenty,
newly released documents Showadun's own treasury advised that a blowout
(27:56):
of public deal would leave us vulnerable for any future
crises and avoided advised to rather to better target the spending.
Nicola Witus is the Finance minister with me this morning. Minister,
good morning.
Speaker 8 (28:09):
Good morning.
Speaker 3 (28:09):
First of all, does the government have any response to
what Netnya who's just announced he wants to fully take
control of Gaza looks forgive me?
Speaker 14 (28:18):
I have not been briefed on that, and I know
very well on matters of vignacys, one should be brief
before one comments.
Speaker 3 (28:24):
Fair Now this report from treasury. Does this mean that
in future events you won't be doing what Labor did
and pulling the fiscal lever and leave it to the
Reserve Bank.
Speaker 14 (28:36):
That's exactly what it means. This is officials who have
looked very keyfully at what went on. They are not
political and what they make very clear in this report
very politely, is that big mistakes were made in the
way that the last government used government spending to respond
to COVID, and they are urging future politicians not to
(28:59):
repeat those mists, and our government will not.
Speaker 3 (29:02):
The vast bulk of that spending was on the wage subsidy.
Did you support that, Well, that's.
Speaker 14 (29:08):
Not actually correct. The wage subsidy was around thirty five
percent of spending, h percent was health, eighteen percent was health.
That here's here's the kicker.
Speaker 8 (29:19):
Nearly half of.
Speaker 14 (29:20):
The COVID spending was on a range of things with
a very varied range of objectives, whether that was school lunches,
increases to welfare benefits, public housing. Now all good things
that we know that many people like. But actually what
the officials say is that didn't really make a difference
to the economy doing that stuff. Much of it had
(29:42):
a very lad defect, and it racked up huge amounts
of debt. It was extremely inflationary, and we're now in
the position of the country where we are paying the
price for that. And so the point is, Yep, you've
got to do some things. You've got to do wage subsidies,
you've got to increase your spending on the health system,
but be really careful that you do the things you
(30:03):
have to do and don't rack up so much extra
spending and debt that we end up as an economy
paying it off for a very long time. That's what
the last government did.
Speaker 3 (30:12):
Yeah, but it's your continuing with it, aren't you. I mean,
the bureaucrat counts barely moved. You've still got massive government,
still spending more than spending more than you are earning.
Speaker 14 (30:23):
Well, I reject that. Across our first two budgets, we
have already delivered forty four billion dollars worth of savings.
Now it is correct that we have put a lot
of those savings back into the system into education.
Speaker 3 (30:37):
Government's still just as big, right.
Speaker 14 (30:40):
No, it is not just as big, because what we
have had smaller. Well, we have constrained government spending significantly.
We've had much smaller editions of additional funding, and we
have ensured that we're in a position where over the
next four years we can get the books back in balance,
that track down, that we get them back in balance
(31:02):
and we start bending down the deck.
Speaker 3 (31:03):
To Yeah, but that's one that's all Grant used to
tell us too. How much smaller is the government now
under your watch than it was under labor. I mean,
you keep saying they increased spending eighty four percent, blah
blah blah. How much smaller is government spending now than
it was?
Speaker 14 (31:17):
Well, government spending is on track to come down to
thirty point nine percent for context, the last government drove
it up to thirty four percent of the overall size
of the economy. And most importantly, what we've done is
ensured that when we've been making investments, we're doing them
in a way that actually stimulates growth in the private
(31:38):
sector of the economy, things like making sure we're reducing taxes,
making sure we've got that investment boost scheme for businesses,
because we know the countries don't get rich just by
growing the size of their government. They have to grow
the size of those who are making things, milding.
Speaker 3 (31:53):
Things, very doing things very quickly. We've got the tariffs
coming in today. Do we have when is Todd McClay
going to be over there? Do we have any idea
whether they're going to give us a reprieve?
Speaker 14 (32:04):
Well, look, I think that those who observe Trump and
look internationally can see that that seems very unlikely at
the stage.
Speaker 3 (32:12):
Now.
Speaker 14 (32:12):
That means that New Zealand needs to keep pressing our case.
We need to keep making sure the a Uish administration
remembers what a good partner they have been to them.
But look, I look at Switzerland. They went over and
did a huge amount of negotiating. They thought they were
going to be on a low tariff. They ended up
on thirty nine.
Speaker 3 (32:29):
Made almost made it careful, almost made the situation where
Nicola would appreciate your time this morning, Finance Minister. It
is seven away from six News Talks.
Speaker 1 (32:36):
Bet Ryan Bridge on early edition with ex bowl insulation,
keeping Kili hoes warm and try this winter News Talks.
Speaker 3 (32:45):
A'd be five to six on your Friday morning and
Mike's in the studio. Mike, good morning, Good to see you. Ryan.
We've got those terriffs coming in and I've got a
good idea which I just wanted to run by you,
min You know Trump likes a bit of flattery. Sure,
why don't we a national park or one of our
ocean sanctuaries after him.
Speaker 5 (33:06):
Like the Trump track instead of the heavy track. Exactly
the Trump track. He has good idea, great idea because
you're white boarding as almost right.
Speaker 3 (33:14):
And there's five percent off your terriffy jove nights.
Speaker 5 (33:16):
It's all it takes, isn't it.
Speaker 3 (33:18):
Can you imagine the GREENI is sucking up her walking
on the Trump's track? Will o Jean Prime? Did you
mention that? Did you read it out? Did I read
it out?
Speaker 5 (33:28):
What I can't understand?
Speaker 4 (33:29):
She?
Speaker 5 (33:30):
I watch Question Time, as you know, religiously. She is
their weakest link. Shows. She's seen to some sort of
frontline operator, and they get her up in the house
on a regular basis asking questions. I don't think she's
that bright, not to be mean to her personally, but
I've never seen a person unable to think on her
feet as poorly as she is, and worse than TETI yes,
(33:50):
and that and that really is saying something. And so
when you look at the correspondence this morning, it is indefensive.
It is, isn't it?
Speaker 3 (33:58):
And the excuse is so my dog ate the homework out?
Oh no, I did mean to meet with it. I'm
sure you'll have it all forever. We will.
Speaker 5 (34:06):
And then you get Hipkins yesterday talking about a capital
gains tax again? Have they not losed that lesson? Three times?
Speaker 3 (34:12):
They're not. We tried to get them on today apparently
too early season All Happy Friday.
Speaker 1 (34:22):
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
an early edition with ex pole insulation keeping Kimi Holmes
warm and dry.
Speaker 2 (00:10):
This winter news talks'd be good morning.
Speaker 3 (00:12):
It is six after five, Big Friday, packed Friday for
you this morning. Nikola Willis on the show Live before
six on the sixty six billion dollar question over COVID,
The BBC Russia correspondent on Trump's meeting with Putin. Yes,
they're meant to be meeting next week. Vincent mcavinie on Netanya,
who's meeting that's over Gaza. That's happening anytime any second now.
In fact, I think it's just underway. Plus this morning
(00:34):
we will speak to the company trying to build the
world's biggest ever aircraft and they've never built an aircraft
of any description, not even a drone before in their lives.
We'll speak to them in a couple of minutes time,
Just gone six after five.
Speaker 2 (00:53):
The agenda Friday, the eighth of August.
Speaker 3 (00:55):
Netanya, who's a meeting with his security cabinet, is underway.
They are talking about potentially taking over the Gaza Strip. Earlier,
in an interview with Fox News, Netanya, who said he
wanted to take over Gaza, but not keep it.
Speaker 4 (01:07):
We intend to in order to assure our security, remove
Kamas there, enable the population to be free of Gaza,
and to pass it to civilian governance that is not
Kamas and not anyone advocating the destruction divisual.
Speaker 3 (01:23):
All right, we'll see how that goes down this morning. Meanwhile,
Potin's trying to play Trump again. The Kremlin says, I
face to face meeting could happen as early as next week.
This is between potent and Donald Trump. But we've got
US sanctions heaving Russia tomorrow. So the question is will
Trump hold off?
Speaker 5 (01:38):
If it does succeed and we have no sankings tomorrow,
Putin will think he has escaped yet another problem with
the present American president and ked no real christ for it.
Speaker 3 (01:47):
Just keep stringing him along, doesn't he. Japan's in big trouble.
Too many deaths, not enough babies. It's an old problem
for them, but it's still a big one. Nearly a
million more people died than were born last year, biggest
drop since nineteen sixty eight. The government's tried everything, cash housing, parentally,
nothing seems to be working.
Speaker 6 (02:05):
There are a less and less number of young generation,
and the older burdens are on the young generation and
they won't be able to sustain. So society is are
going to be breaking up. Economy is just going to stagnate.
Speaker 1 (02:19):
The news you need this morning and the in depth
analysis earlier this year with Ryan Bridge and ex Bowl
Insulation keeping Kiwi homes warm and dry this winter news talks.
Speaker 2 (02:30):
A'd bet it's.
Speaker 3 (02:31):
Gone eight minutes after five on your Friday morning. Yes,
so it's interesting what's happening with Trump and Putin. Kremlin
confirms a bilateral is on between Trump and Putin. And
then because we've had Steve Witkoff over there obviously, so
they've been having a chat and the Americans said, well,
it'll be a three way probably be a three way
meeting including Zelensky, and then Putin's the Kremlin comes back
(02:53):
and says, no, no, we're not having to hang on
none of that. We're not having No one agreed to
a three way meeting. It's just a bilateral with Trump.
And there was talk in their little chats in Moscow,
there was talk of getting a Zelenski involved, but the
Crement says that was all from the American side. There
actually nothing to do with us, and we didn't agree
to it. Nine minutes after five. We'll talk to the
(03:14):
BBC's Russia correspondent about that in a few minutes, well
before five thirty this morning, find out exactly what's going on.
Could we see President Trump on a plane to Moscow
next week? It would be incredible to see it, given
what's happened over the last three years. Will it do anything?
And what about these terrorists? There's sanctions that he's threatening
to impose. Also this morning, I want to get you
(03:37):
across the story of Erica Stamford's text to Willow Jen
Prime from Labor. These are the education minister and spokesperson.
There's the full text in the Herald today and nothing
but cordial and welcoming and warm from Erica Stanford. And
what did we get from Willow Jen Prime? Well wait
(03:58):
till you're here. Ten after five, New Talk said B.
This big plane next.
Speaker 1 (04:03):
Get ahead of the headlines on early edition with Ryan
Branch and x Fole Insulation keeping Kiwi Holmes warm and
dry this winter News Talk, said B.
Speaker 3 (04:13):
Five twelve on news Talk said B, what lessons are
we teaching our children? This is a Willow Jen Prime
whose Labour's education spokesperson and Erica Stanford. The Heralds got
hold of the receipts the texts between the two over NCA. So,
just to set the scene for you, Chris Hopkins very
insistent that when he was the education minister, he bent
(04:35):
over backwards. He went out of his way to make
sure that he consulted the opposition when he was in
government so that there'd be lasting and enduring change on education, right,
and so, Erica Stanford, this is on NCEEA. Erica Stanford
texts Willow gene Prime after she took over from Jantinetti
in March, because obviously James Gonski, Hey, Willow, Jan, congrats
(04:57):
on the new role. We'll need to get you up
to speed with the NCEA change process. Jan and I
had started working cross party on this given the importance
of our national qualification. She wrote, would be good if
we could meet first and I can run you through
where we're at and what the process is. There is
a policy advisory group, blah blah blah. Anyway, Erica never
(05:19):
hears back. Isn't that terrible? She follows up her office
does with him with an email and no word back.
Now Here is the dog ate my homework response from
Willow Gene Prime, which I think is absolute bs. She says, oh, no, no, no,
(05:40):
no no, it's because I had to I did want
to meet with her, but I wanted to go and
talk to parents and teachers first and then come and
give come off at Willow Jene. You were either at
to lunch or you were just being a bit snooty.
Were knew that's what happened. Nothing to do with consultation.
You could have gone along to the meeting, heard what
she had to say, and then gone and spoken to
(06:02):
a teacher. We're not stupid. Fourteen after five, Ryan Bridge,
Are you is companies building the world's largest airplane, called
the wind Runner, to transport massive wind turbines. The catch, well,
they've never actually built an aircraft before, but they say
the demand for green energy makes it worth the risk.
Mark Lunstrom is the aerospace engineer who founded Radio the
(06:24):
company behind this, and is with me this morning. Good morning,
All right, good mar Mark, great to have you on
the show. Can you just tell us how big? Give
us an idea of how big this bad boy is.
Speaker 7 (06:35):
Sure, it's by far the world's largest aircraft. It's about
twelve times the volume of a seven forty seven. It
has a cockpit that's about as all as a five
story building, and it's about eight times as big as
the largest military aircraft flying today, the C five.
Speaker 3 (06:50):
Okay, so massive.
Speaker 7 (06:51):
Why So it turns out that there's a lot of
very large peloads that need to be moved hard to
reach places, and so we originally started working on the
wind Runner in order to move the world's biggest wind
turbines to onshore locations. So the goal is to be
able to move over a one hundred turbine blade and
(07:12):
land it on a piece of dirt within the confines
of a wind farm. And if you can do that,
you can reduce the cost wind energy by about a third.
And then it turns out if you can actually have
the capability of moving gigantic things too hard to reach places,
there's some fantastic humanitarian missions that you can provide, and
a lot of defense applications you can provide. So you
can basically put you could essentially move a six pack
(07:34):
of F sixteen fighters or a six pack of Shino
helicopters and land on a piece of dirt as well.
Speaker 3 (07:40):
Landing on the dirt sounds interesting. This is obviously going
to be very heavy if you've got one hundred meter
wind to final six jets in there.
Speaker 4 (07:48):
Yeah.
Speaker 7 (07:48):
So it's actually the first time that an airplane has
been designed to optimize volume instead of mass. And so
it turns out that even though the airplane is very big,
it's not quite as heavy as you think it as
you would think it would be.
Speaker 2 (08:01):
And it's so.
Speaker 7 (08:01):
Big that we have the ability to put lots of
landing gear on it, and so that enables us to
have not that much poundage per wheel and so we're
able to land on on just semi prepared dirt strips.
Speaker 3 (08:12):
So it was seven times the volume of a seven
forty seven, did you say, And if that's the case,
how do you keep it flying?
Speaker 7 (08:22):
So twelve times the volume of a seven forty seven,
So it is gigantic and you keep it flying by
just using standard airspace techniques. You know, if you have
if you have powerful enough jet engines, you can make
you can make a very large airplane fly. So what
the design team did at Radio is we basically have
designed this airplane around the things that are already in
mass production and already flying. So making sure, we reduce
(08:44):
the technology risk by by designing the airplane around the
things that are already flying. It turns out that there's
some very powerful engines that can move a very large
airplane today. And it's and that's because basically it's been
it's been essentially thirty years since a large cargo aircraft
had been toned, and during those decades, engine technology has
improved massively, and so that enables us to move an
(09:06):
airplane that's that's much much larger than the industry has
made for a long time.
Speaker 3 (09:11):
Why are you doing this? Well, how are you? How
far through are you? Why your business? And why aren't
those ones who do you know, large aircraft already attempting
something like this or are they?
Speaker 7 (09:24):
Yeah, so we we are the company behind this, were
not the company that's exclusively building this. And so Radia
has built a supply chain that includes dozens of companies.
The top aerospace manufacturing companies in the world are working
with us to pull this aircraft together because it's it's
such a unique vehicle and it's so exciting, I think
for the supply chain to actually have an opportunity for
(09:46):
the aerospace industry to participate in helping solve climate change,
and so for an aeronautical solution to help move the
needle and climate change is very exciting for the company
and very exciting for the supply chain. But it a
bit of a unique vehicle and it's not something that's
sort of straight down the middle for a company that
usually makes passenger aircraft or military aircraft. This is something
(10:09):
there's a market opportunity that is a small company. We
we identified that and then we inspired the supply chain
to work with us to build it.
Speaker 3 (10:17):
Give us a date, Mark, will we see it in
the skies.
Speaker 7 (10:20):
You'll see in the skies by the end of the decade.
Speaker 2 (10:22):
So it's no, it's no.
Speaker 7 (10:23):
It's no fast process to design the world and build
the world's largest aircraft. But we've been at this for
about eight years. We're about ready to start manufacturing. The
supply chain has all been built, uh, and so we're
we're we intend to start providing service an end of decade.
Speaker 3 (10:37):
Based the lock Scie flying Mark Lonstrom has the aerospace
engineer at Radia and the founder of that business iteen
minutes after five News talks a babel get an update
on Trump putin macing with our BBC Russia Correspondent.
Speaker 1 (10:49):
Next on your radio and online on iheard Radio Belly
Edition with Ryan Bridge and Expol Insulation keeping Ky We
homes well Andry this winter news talks.
Speaker 3 (11:02):
At be great to have your company. Twenty one after five,
we'll get to Nikola Willis the Finance Minister before six
on this Treasury report right now. Confirmation from the Kremlin
overnight that a meeting between Trump and Persian will take
place as early as next week. Time is running out
for a ceasfire deal. Of course, Trump's threatening oil sanctions
on Russia by tomorrow. Question is will he now wait
(11:22):
for the potential meeting? Olga If Shina is the BBC
Russia correspondent, Olga, welcome to the program. What do you
think will happen?
Speaker 7 (11:31):
Oh?
Speaker 8 (11:32):
That's you know, that's a good question. If I knew,
I guess I would be somewhere else or working somewhere else.
But yeah, the truth is, the things are developing really fast.
But the latest from Trump administration it seems that now
they say that in order for Putting and Trump to meet,
Puttin must meet Zelenski. But then earlier today when Putting
(11:54):
was challenged by reporters, if he's ready to meet Zelensky.
He said certain conditions must be fulfilled and they're not
fulfilled yet, which basically signals that Moscow is not ready
to meet the ENSK, which puts the subsequent meeting with
Trump into question. But I doubt that Trump will hit
with tariffs on Friday, bearing in mind the meeting is
(12:15):
so close and possible, and his PR so called PR victory,
his possible per achievement is so close. I don't think
he's gonna risk it by introducing tariffs on Friday.
Speaker 3 (12:27):
But does that not just show that person is again
stringing Trump alone.
Speaker 8 (12:34):
It seems that up to now Moscow has been quite
successful in dragging on in postponing negotiations and in a way, yeah,
playing with Trump's administration on its terms. And we have
seen that Putin has achieved, not too much, but he
has achieved something. Meanwhile, First of all, he managed to
(12:55):
push most of the Ukrainian forces out of the coast
region of Russia after the Ukrainian's incursion in twenty twenty four.
He managed to capture a few more little villages in Ukraine.
And yeah, he seems to have initiative on a father
not as much as he wants, but he definitely has
achieved something in this last five six months. While he
(13:17):
tries to pretend he's still open for the piece deal
with Ukraine.
Speaker 3 (13:21):
What's going to stop potent? I mean, he's obviously not
scared of more sanctions, He's obviously not scared of Trump
moving as nuclear as subs around.
Speaker 8 (13:30):
Oh fre It's a good question. I mean, definitely, Russian
economy is not performing marvelously. I mean, it does avoids anxious,
it does evade anxious quite successfully on some fronts. But
on the other front, we see that it's dependence on
the trade with China, it dependence on military equipment from
(13:51):
North Korea is raising, and there's something which is mister
put not happy about. And of course, if Trump hits
with tariffs, it Trumps manages to cut Russian oil supplies
to the global South, that might hit Russia quite hard.
So definitely mister Puttin will try to avoid that either.
We diploma see all with chess gains on the on
(14:15):
the global chess board, but definitely he won't stop, and
he definitely wants to achieve some guarantees of how he
sees it, European security and Russian security how he sees this,
which means promise of NATO not including Ukraine and basically
(14:38):
not enlarging to the east.
Speaker 3 (14:40):
Oh goat, appreciate your insights. Ares always. I'll get ive China.
The Babyc's Russia correspondent with a step. Meeting between Trump
and person could happen next week. Twenty four minutes after five,
Nit Yah, who's been meeting with his security cabinet. We'll
have an update on that upter five thirty. Next, I'll
get you across this Treasury report, which is bad news,
bad time for labor.
Speaker 1 (14:58):
The Early Edition Full show podcast on iHeartRadio powered by
News Talks.
Speaker 3 (15:03):
AB News TALKSB Twenty seven minutes after five on your
Friday morning. The sixty six billion dollar question hanging over
Labour's head has been answered. This new Treasury report tells
us pretty much what we already knew about Labour's COVID response.
They went too far. They spent like drunken sailors. They
made it rain dollar bills, and then Treasury said, hey, hey, hey,
(15:27):
hey hey, pullback, pullback, And what did they do? They
didn't listen, and they kept on spending. COVID was the
most expensive economic event this country seeing the government splashed
out sixty six billion, which is twenty percent of our GDP.
And guess how much of that went on specific pandemic
healthcare costs eighteen percent one eight The rest of it, well,
(15:53):
they just kept spending. Forget the Nigerian prince. This is
the biggest scammed hit Kiwi Shaws in a very long time.
They spent money, the COVID fund money on things like
school lunches and art therapy programs. The report tiptoes around it,
but the clear inference is labor went too far pulling
the fiscal lever. The Reserve Bank should be using monetary
(16:14):
policy to do the bulk of the heavy lifting and
future events. And at the same time, this report lands
on our lapse like a thud, like a ton of bricks.
Chris Hipkins was in Queenstown yesterday chatting about the policies
they don't have but will probably have going into the election.
Guess what's on the menu. A capital gains tax, probably
(16:35):
more government spending definitely, and talk that the Treasury imposed
safe debt cap could be increased, so debt tax and spend.
People may not like Christopher Luxen's delivery of this message
it greats people at the moment, you can sense it,
but you can't hide from the fact that those guys
(16:57):
as in labor screwed the Pooch Pooch. If they were
to get back into power, best be preparing for more screwing.
Speaker 2 (17:05):
Ryan Bridge twenty.
Speaker 3 (17:07):
Nine minutes after five News Talks, HEB we'll get to
Nikola Willis. She's got a few words to say about
this after It's sorry, just before six o'clock this morning,
and Vincent mcabinnie is in the UK for us, and
we'll talk about Nittnyahu's meeting. He's just gone on Fox News.
He's come out and said, Yeah, I actually do want
to take over Gaza. I won't be there forever, but
(17:28):
I at least want to have a crack. So we'll
look at that before six to two News Talk SEB.
Speaker 1 (17:46):
News and Views you trust to start your day. It's
earlier this ship with Ryan Bridge at Expol Insulation keeping
Kiwie Holmes warm and dry.
Speaker 2 (17:55):
This Winter News Talk SEDB. Good morning, and it's twenty.
Speaker 3 (18:07):
Four away from six news tib It is well, I've
just told you at the time, haven't I. What I
meant to say is the Bank of England's cut its
interest rates just now from four point twenty five percent
to four percent, so a bit of a cut from
central Vancouver in the UK. We'll get to Vincent mcavanne,
who's our UK correspondent, also talk about the Netnyahu meeting,
and Nicola Willis on the show before six this morning
(18:28):
on this Treasury report. Over in Ohio, there's a river
obviously summer over there. Everybody's been out boating and people
who eagle eed kayakers, actually a bunch of them on
this Ohio river. Thought this is strange. This is an
early August. So a couple of days ago, suddenly there
was an increase in the river level and a corresponding
(18:51):
drop in the lake level during the early days of August,
and they thought, this is odd. What's causing this, what's
behind us? And they soon found out and realized that JD. Vance,
the Vice President, was holidaying there and the Secret Service
had requested that they drop the water level, sorry increase
(19:12):
the river level thereby dropping the lake level for his
family's boating trip. They were all out there kayaking and fishing,
having a gay old time for his forty first birthday.
They say it was not because it made it more
comfortable for kayaking, more optimal conditions. They say it was
(19:32):
for safety reasons. No one's buying that. Twenty three to
six Ryan Bridge, She's talks ABD. It's get to our
reporters around the country. Jordan done for Dunedin. Good morning,
good morning ride, Good to have you in now. Tell
us about these checks that have been done for ski seasons. Yeah,
that's right.
Speaker 9 (19:47):
So it's in the Central Otago businesses which are being
checked to ensure that they're meeting employment standards during the
you know, that busy ski season. And it's a joint
MB and Labor Inspectorate operation which has focused on ensuring
both employers and employees are aware of their rights and responsibilities.
So it's been triggered by some ongoing complaints and concerns
about that. So here of the Labor Inspector at Joanne Hackings,
(20:09):
says they're focusing on businesses that are busiest during the
ski season, and she says they include hospitality and retail
businesses which tend to hide that extra staff, especially you know,
young people or migrants to meet that high demand. How's
the weather today, Yeah, so challs developing in the morning.
Some possibly heavy northwesterlies, turning it to southwesterlies in the morning,
strong at times in a higher ten degrees.
Speaker 3 (20:30):
William, thanks Jordan, have a great date. Clears in christ Church,
take Claire good morning. Oran a Wildlife Park no longer
banned from taking in new animals.
Speaker 2 (20:39):
Yeah, we haven't talked.
Speaker 10 (20:40):
About a run a wildlife park for some time, but
it was all we spoke about twelve months ago. The
christ Church Zoo has now messed all of the requirements
that were set out by the Zoo and Aquarium Association.
This is following a six month review. Than are able
to resume animal transfers to bringing in new animals as
well as their breeding programs. This all came about after
(21:00):
allegations of unreported animal deaths, as well as some unsafe
workplace environment situations that arose at the park last year.
The board co chair, Professor Ken Huey says the outcome
reflects the commitment to positive and lasting change. It all
came about after the departure of irana's chief executive of
(21:20):
twenty eight years, Lynn Anderson. Former National Aquarium of New
Zealand director Rachel Hayden has now taken over that role
as well.
Speaker 3 (21:29):
All right, how's your weather?
Speaker 10 (21:30):
Cloudy with showers returning in christ Church today, northerlys turning
southwest and a high thirteen.
Speaker 3 (21:36):
Thank you Maxim Wellington, Max, good morning, Good and tag
Counsel and Action keeping families out of their homes.
Speaker 11 (21:44):
Yes, sturing the Post this morning about two Wellington homeowners
having to evacuate their properties due to quite large slips
caused by you might imagine old pipes bursting under their properties.
A seat of large steps leading to these hillside properties
in Wadeestown color lapsed on Monday. Fire crews got the
owners out, then they had to wait a couple of
(22:04):
days just to hear from the council or Wellington Water
just to tell them whether they could go home or not.
No one checked in, no immediate assessment. And of course
this is a pipe that was installed in the nineteen
sixties that burst. The latest was yesterday. They were told
they couldn't return yet once private engineers visited, and they're
still trying to find out more from the council. The
Council's not telling them anything. They've tried the mayor as well.
(22:27):
They told the Post. At their wits end, assessments seem
to be being delayed. The pipe was always a ticking
time bomb. It's no surprise it burst. And on top
of all this the slip it may also affect the
Johnsonville rail line as well. It's quite close to that.
So more assessments need to happen.
Speaker 3 (22:43):
Oh, for goodness sake. And they're busy naming new sister
cities in.
Speaker 11 (22:47):
Garada, more sisters in the von Trapp family.
Speaker 3 (22:54):
With the mix but of rain.
Speaker 11 (22:56):
This morning has suddenly turned this afternoon fourteen the high Central.
Speaker 3 (22:59):
Thank you hate me? You've good morning morning. Happy Friday?
Speaker 12 (23:02):
Yes, yes, happy Friday, say it with meaning, Come on.
Speaker 3 (23:05):
Happy Friday. Bootech stores in Auckland have been caught in
an overseas scam.
Speaker 12 (23:11):
Oh these scammers, for goodness sake, Yes, Sam, those scamming
dam those scammers. Meticana Village. So what's happened is that
there's an online clothing shop based in Hong Kong for
attending to be a local store at Meticana Village and
Meticana Boutiques. Amy Hope says this issue really gets home
for her because the online shop is using the same
name as her business. She says, the social media ads,
(23:34):
you know, using the same font and there's another store
store to boutique owner. That's Alana Silk, she said. She said,
twelve people visiting asking for a specific jumper that they
saw on this online store and saying, oh, can we
come in and try it on? So they've been driving
out there and she's said to say, scam, scam, scam.
Speaker 1 (23:52):
I know.
Speaker 5 (23:53):
So not good.
Speaker 12 (23:54):
And especially too, you know, you have the Medicana Village,
You've got you know, the the markets every Saturday, and
so people are driving out there saying oh I saw this,
and Facebook and blah blah blah. So it's all the skin.
Speaker 3 (24:05):
These crazy they're going up, even small out.
Speaker 12 (24:07):
I know, and especially for if the you know, like
got stuff for here for New Zealand brands and wanting
people to do local you know that. I think that's
really just upsetting.
Speaker 3 (24:18):
Every shop in person. That's the moral of the story,
isn't it. You're going to go in there and see stuff,
make sure it's real.
Speaker 12 (24:23):
Well that's right.
Speaker 3 (24:24):
Yes, Hey, how's our weather?
Speaker 12 (24:26):
We got scared of showers tuning in to rain heavy
falls for a time. This morning, sixteen is a high.
Speaker 3 (24:31):
Brilliant neither, Thank you, great to see you. Enjoy your Friday.
It's just gone eighten minutes away from six o'clock. A
quick little update for you. This is out of Jakarta
overnight because Todd mcclay's over there assigning a deal, an
agricultural deal with the Indonesians and the two way trap. Well,
exports from our way over to their way about one
(24:53):
point six billion at the moment. I actually went with
John Key when he was Prime Minister and it would
have been the Trade minister Grosser way back in twenty twelve.
At that point I think it was one billion we
were exporting. It's now one point six billion, which is good,
but it hasn't exactly exploded taken off. So Todd mcclay's
over there at the moment. He's agg and Trade Minister.
(25:15):
He's signed a deal for long term commercial partnerships about cooperation.
It's specifically about agriculture, trying to get more of our
basically our milk, powder and beef over there. And the
Indonesians say this is good, but if you read their
side of the story, it must be balanced trade. In
other words, yes, we will take more of your milk
and your beef, but you're going to take more of
(25:36):
our rubber cocoa and palm oil. Sixteen away from six
News Talk said b Nicola willis coming up along with
our UK Europe correspondent on this net and Yahoo.
Speaker 1 (25:48):
Meeting International correspondence with ends and eye insurance, peace of
mind for New Zealand business.
Speaker 3 (25:54):
Well, turn away from six we'll get to Nikola Willison
just a second right now, Vins and macaviny a UK
Europe correspondent. And it sounds like the Israeli defense forces
currently warning civilians to get out of parts of Gaza.
This after reports that nitnya who actually wants to take
it over.
Speaker 13 (26:10):
Yeah, that's right. This is an evacuation order for parts
of Gaza City's old town to evacuate immediately. And it
comes after a Security Council meeting chaired by Prime Minister Venuminetignahu,
where he expressed to his cabinet what has been long
thought that after the apparent collapse of Seafire talks with Hamas,
he wants a vast expansion of military operations. Now it
(26:33):
is slightly unclear what his plan is. He's saying that
they don't want to govern continuously Gaza, but they do
want to take full control of it. At the moment
they control around sort of three quarters of the territory,
but they want to fully take control. This will involve
moving into areas they haven't been before, particularly areas where
there are some sort of refugee camps in the middle
(26:54):
of it, where it's thought that some of the hostages
are still being held. And then he says it will
be the mission to eradicate Hamas and then for new
elections to take place and an hour of power to
come in and control the territory after that. So the
broad outlines of a plan, but it's already sparking condemnation,
(27:14):
not just externally but also internally. There are reports that
people senior in the IDF are not happy with this plan.
They think their reserves are exhausted. Already there has been
a rise in suicide among young Israelis in those defense forces,
and so it remains to be seeing whether or not Venuineesnia.
Speaker 2 (27:31):
Who can get this over the line with his.
Speaker 3 (27:33):
Country, appreciate that. Thanks so much for your time. Vincent
mcavini are UK europe correspondent with an update on the
situation in Gaza. It is twelve minutes away from six
now Brian Bridge. So Jasindra Doom was worn repeatedly along
with Grant Robertson that his spending spree during COVID would
have died consequences, and she was warned Aszuli As twenty twenty,
newly released documents Showadun's own treasury advised that a blowout
(27:56):
of public deal would leave us vulnerable for any future
crises and avoided advised to rather to better target the spending.
Nicola Witus is the Finance minister with me this morning. Minister,
good morning.
Speaker 8 (28:09):
Good morning.
Speaker 3 (28:09):
First of all, does the government have any response to
what Netnya who's just announced he wants to fully take
control of Gaza looks forgive me?
Speaker 14 (28:18):
I have not been briefed on that, and I know
very well on matters of vignacys, one should be brief
before one comments.
Speaker 3 (28:24):
Fair Now this report from treasury. Does this mean that
in future events you won't be doing what Labor did
and pulling the fiscal lever and leave it to the
Reserve Bank.
Speaker 14 (28:36):
That's exactly what it means. This is officials who have
looked very keyfully at what went on. They are not
political and what they make very clear in this report
very politely, is that big mistakes were made in the
way that the last government used government spending to respond
to COVID, and they are urging future politicians not to
(28:59):
repeat those mists, and our government will not.
Speaker 3 (29:02):
The vast bulk of that spending was on the wage subsidy.
Did you support that, Well, that's.
Speaker 14 (29:08):
Not actually correct. The wage subsidy was around thirty five
percent of spending, h percent was health, eighteen percent was health.
That here's here's the kicker.
Speaker 8 (29:19):
Nearly half of.
Speaker 14 (29:20):
The COVID spending was on a range of things with
a very varied range of objectives, whether that was school lunches,
increases to welfare benefits, public housing. Now all good things
that we know that many people like. But actually what
the officials say is that didn't really make a difference
to the economy doing that stuff. Much of it had
(29:42):
a very lad defect, and it racked up huge amounts
of debt. It was extremely inflationary, and we're now in
the position of the country where we are paying the
price for that. And so the point is, Yep, you've
got to do some things. You've got to do wage subsidies,
you've got to increase your spending on the health system,
but be really careful that you do the things you
(30:03):
have to do and don't rack up so much extra
spending and debt that we end up as an economy
paying it off for a very long time. That's what
the last government did.
Speaker 3 (30:12):
Yeah, but it's your continuing with it, aren't you. I mean,
the bureaucrat counts barely moved. You've still got massive government,
still spending more than spending more than you are earning.
Speaker 14 (30:23):
Well, I reject that. Across our first two budgets, we
have already delivered forty four billion dollars worth of savings.
Now it is correct that we have put a lot
of those savings back into the system into education.
Speaker 3 (30:37):
Government's still just as big, right.
Speaker 14 (30:40):
No, it is not just as big, because what we
have had smaller. Well, we have constrained government spending significantly.
We've had much smaller editions of additional funding, and we
have ensured that we're in a position where over the
next four years we can get the books back in balance,
that track down, that we get them back in balance
(31:02):
and we start bending down the deck.
Speaker 3 (31:03):
To Yeah, but that's one that's all Grant used to
tell us too. How much smaller is the government now
under your watch than it was under labor. I mean,
you keep saying they increased spending eighty four percent, blah
blah blah. How much smaller is government spending now than
it was?
Speaker 14 (31:17):
Well, government spending is on track to come down to
thirty point nine percent for context, the last government drove
it up to thirty four percent of the overall size
of the economy. And most importantly, what we've done is
ensured that when we've been making investments, we're doing them
in a way that actually stimulates growth in the private
(31:38):
sector of the economy, things like making sure we're reducing taxes,
making sure we've got that investment boost scheme for businesses,
because we know the countries don't get rich just by
growing the size of their government. They have to grow
the size of those who are making things, milding.
Speaker 3 (31:53):
Things, very doing things very quickly. We've got the tariffs
coming in today. Do we have when is Todd McClay
going to be over there? Do we have any idea
whether they're going to give us a reprieve?
Speaker 14 (32:04):
Well, look, I think that those who observe Trump and
look internationally can see that that seems very unlikely at
the stage.
Speaker 3 (32:12):
Now.
Speaker 14 (32:12):
That means that New Zealand needs to keep pressing our case.
We need to keep making sure the a Uish administration
remembers what a good partner they have been to them.
But look, I look at Switzerland. They went over and
did a huge amount of negotiating. They thought they were
going to be on a low tariff. They ended up
on thirty nine.
Speaker 3 (32:29):
Made almost made it careful, almost made the situation where
Nicola would appreciate your time this morning, Finance Minister. It
is seven away from six News Talks.
Speaker 1 (32:36):
Bet Ryan Bridge on early edition with ex bowl insulation,
keeping Kili hoes warm and try this winter News Talks.
Speaker 3 (32:45):
A'd be five to six on your Friday morning and
Mike's in the studio. Mike, good morning, Good to see you. Ryan.
We've got those terriffs coming in and I've got a
good idea which I just wanted to run by you,
min You know Trump likes a bit of flattery. Sure,
why don't we a national park or one of our
ocean sanctuaries after him.
Speaker 5 (33:06):
Like the Trump track instead of the heavy track. Exactly
the Trump track. He has good idea, great idea because
you're white boarding as almost right.
Speaker 3 (33:14):
And there's five percent off your terriffy jove nights.
Speaker 5 (33:16):
It's all it takes, isn't it.
Speaker 3 (33:18):
Can you imagine the GREENI is sucking up her walking
on the Trump's track? Will o Jean Prime? Did you
mention that? Did you read it out? Did I read
it out?
Speaker 5 (33:28):
What I can't understand?
Speaker 4 (33:29):
She?
Speaker 5 (33:30):
I watch Question Time, as you know, religiously. She is
their weakest link. Shows. She's seen to some sort of
frontline operator, and they get her up in the house
on a regular basis asking questions. I don't think she's
that bright, not to be mean to her personally, but
I've never seen a person unable to think on her
feet as poorly as she is, and worse than TETI yes,
(33:50):
and that and that really is saying something. And so
when you look at the correspondence this morning, it is indefensive.
It is, isn't it?
Speaker 3 (33:58):
And the excuse is so my dog ate the homework out?
Oh no, I did mean to meet with it. I'm
sure you'll have it all forever. We will.
Speaker 5 (34:06):
And then you get Hipkins yesterday talking about a capital
gains tax again? Have they not losed that lesson? Three times?
Speaker 3 (34:12):
They're not. We tried to get them on today apparently
too early season All Happy Friday.
Speaker 1 (34:22):
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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