April 8, 2026 • 34 mins
On the Early Edition with Ryan Bridge Full Show Podcast Thursday 9th of April 2025, Iran and the US have agreed on a two week ceasefire, Intelligence, Foreign Policy Analyst and former US Navy Senior Chief Malcolm Nance tells Ryan if it will hold.
Huge drug hauls are being caught at Auckland Airport, Drug Detection Agency CEO Glen Dobson tells Ryan why there's so much more drugs coming in.
The OCR held steady at 2.25%, but the Reserve Bank says inflation will peak at 4.2% this quarter, the Co-operative Bank CEO, Mark Wilshire shares his thoughts.
Plus, US Correspondent Mitch McCann has the latest on Trump changing tact on Iran, with negotiations set to commence on Friday in Pakistan and the Artemis crew heading back to Earth after reaching the far side of the Moon.
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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, there'd be.
Speaker 2 (00:10):
Good morning, six after five. Great to have your company.
Got some breaking news just out in the last few minutes.
The Iranians say they've closed the strait already because well,
Israel's still bombing Lebanon. White House brief and getting underway
shortly will keep you across that. Plus Mitch mccam with
us from New York. We've got to form a Navy
chief on the military objectives here, drugs everywhere at Auckland Airport,
and the co Op Bank boss on the OCN.
Speaker 1 (00:34):
The agenda.
Speaker 2 (00:35):
It is Thursday, the night of eight befil The spin
begins on the ceasefire. His headset this morning.
Speaker 3 (00:40):
President Trump had the power to cripple Iran's entire economy
in minutes, but he chose mercy. He spared those targets
because Iran accepted the ceasefire under overwhelming pressure. This new
regime was out of options and out of time, so
they cut a deal.
Speaker 2 (00:57):
The Iranians, along with a whole bunch of other people
in the world, quite skeptical about all of.
Speaker 4 (01:00):
This is America's nature ever change.
Speaker 5 (01:02):
I don't know why they accept it as always they
want to buy time for Israel.
Speaker 1 (01:06):
America can't be trusted as long as a Security Council resolution.
Speaker 6 (01:10):
Is not issued in reparations not peed, it can't be
trusted at all.
Speaker 2 (01:14):
So they said the Strait is going to open. Now
they are saying state media and around that the Strait
will close because the Israeli still bombing Lebanon Starma before
that happened. Said that, don't worry. I'm on the job,
and it's.
Speaker 7 (01:25):
Very important that we get the straight upol moves open.
There's a lot of work to do there. We've been
convening a number of countries. I now get the opportunity
here in Saui Arabia and countries nearby in the region
to have their discussions, to coordinate our actions and to
go forward collectively in pursuit of those two missions.
Speaker 2 (01:43):
In other news in the US, have you heard of
the Long Island serial killer? There was a Netflix show
about it, plenty of podcasts about it. Absolutely horrific. Happened
over decades and the guy, a New York architect who
they thought was responsible, has now pleaded guilty to the
deaths of eight women in Gilgo Beach. Rix Human is
(02:03):
his name. He's agreed to several life sentences without the
possibility of parole.
Speaker 8 (02:08):
We are told from our team inside court that it
is very tense in there. We are told that his
ex wife is leaning forward in her chair, holding tissues,
almost bracing herself on the chair in front of her.
The families of the victims are also there too. We
are told it is packed.
Speaker 1 (02:27):
The news you need this morning and the in depth
analysis earlier. This ship with Ryan Bridge and Spunk for
business technology that keeps business moving, news talks.
Speaker 2 (02:37):
It be just gone eight minutes alf to five. Nice
to have your company this morning. Nine two ninety two
is the numbers of text. This was Trump back in
February announcing the war with Iran.
Speaker 6 (02:47):
A short time ago, the United States military began major
combat operations in Iran. Our objective is to defend the
American people by eliminating eminent threats from the Iranian regime,
a vicious group of very hard, terrible people.
Speaker 2 (03:11):
Right, So has he got what he wanted? You know
what has the United States gained from thirteen thousand strikes
on targets inside of Iran. Well, if you look at
the ten point plan, and by the way, the ten
point Plan is a bit like the treaty, you know,
two different versions. The Americans are now saying that there
are two versions of a ten point plan, and they're
working off a different one to the one that the
(03:32):
media has got their hands on, the one that the
Iranians are putting out there. So who even knows at
this point. But if you buy what the Iranian version
or the one that's in the media, there's a guarantee
of non aggression. Yeap okay, understandable. You need that for
a ceasefire, and the Iranians reckon you get China and
Russia to mediate, Lord help us. Iran will continue to
(03:53):
control the Strait of Hormus. Well they never did beforehand,
and now apparently they do. And there's talk of a
three and a half million dollar toll. You thought the
tolls going north of Auckland were going to be bad,
wait till you try and get through the Strait of
Horn Moves accepting an Iranian right to enrich uranium. This
was the whole point. We were meant to go in
there and get the uranium out, the enriched uranium out
(04:16):
and they won't have a nuclear weapon. Well, there's wiggle
room here, apparently, because Obama did that deal. Remember Trump
came in and ripped it up. But Obama did a
deal with the Iranians over enriched uranium and nuclear weapons,
and it looks like he probably got a better deal
than Trump got by bombing the place. Anyway, we'll have
to wait and see what happens with that. Sanctions will
(04:37):
be lifted according to this termination of all Security Council resolutions.
They even want reparations for the damaged calls during the war.
But interestingly, and this is a crucial point for all
those Golf States because you know they just the Iranians
went Kamakazi on the Golf States and just throwing drones
in the air. That according to this, there'll be with
(05:00):
draw all of US combat forces from the region. Now
there's about forty thousand troops in the Middle East from
the US right now. What happens to them? And you
can't just pull them out because the Gulf States will
be so vulnerable. They've just shown that they are basically
quite susceptible to a drone or two over the border.
So there you go. What have we achieved where? Actually
have we achieved anything? Is the question this morning? Is
(05:22):
this ceasefire even going to hold? And Allah only knows?
Eleven after five Ryan Bridge, Next, we'll talk what we
can talk about, which is the OCR and what we
can control in New Zealand is the OCR. So we'll
talk about that with the co Op bank Boss.
Speaker 1 (05:39):
Next, get ahead of the headlines on a early edition
with Ryan Bridge and Spark for Business Technology that keeps
Business Moving News TALKS'B.
Speaker 2 (05:50):
Five point thirteen on News Talks. B would love to
hear from some farmers this morning. Nine two ninety two
is the number to text because fed farmers reckon that
there are fuel shortages despite what we're being told from
the Podium of Truth that we don't call the Podium
of Truth because it's not COVID anymore. But despite what
we've been told, there are fuel shortages going on, and
some farmers are two to three weeks behind their normal
fuel drops because most of them get a if you've
(06:11):
got an on farm tank, you get a monthly drop,
I am told, and some of those are weeks behind
usual deliveries and they need it for drinking water systems,
for livestock, et cetera. So is this true? Is anyone
behind on their fuel deliveries and is anything being done
about it? Nine nine two the number to text. It's
fourteen minutes after five ray Bred. So the OCA has
(06:32):
been held steady at two point twenty five percent RB
and zsy's inflational peak at four point two percent this quarter. Though,
you know, it's like pinning a tail on donkey with estimates.
At the moment, markets thought the announcement was a bit
more hawkish than they expected. Kiwi dollar rallied a quarter
of a US sent to fifty eight point one eight.
In response, Mark Wiltshire is the Cooperative Bank CEO, joins
(06:52):
us this morning. Hey Mark, good morning, ra. What did
you make of the statement yesterday from the bank?
Speaker 9 (06:59):
I think there is a banks that are a very
difficult job right now. So I think we've had a
very good job just basically having a very balanced view
highlighting some of those risks that they might need to
take action. So the markets, as you said, just did
react a bit saying that's a bit of a tone
saying they will respond to inflation if that persists into
the medium term.
Speaker 2 (07:18):
What's happening on you on the whole. Yeah, on the balance,
on the whole balanced and on the whole sensible, which
is good. It's what you want from a reserve bank,
right What about your rates, how are they? Have you
increased them by how much? And will you in the future.
Speaker 9 (07:33):
Well, there floating rates on hold, so we've got one
of the lowest floating rates out there at four nine
to nine. It's a fixed rates that are the one
that's moving. And so markets did up a little bit.
Speaker 2 (07:44):
I mean, good.
Speaker 9 (07:45):
News on the ceasefire in the Middle East, so that
certainly has helped markets. So that was actually a positive effect.
But it is, as you mentioned, it's quite volatile right now.
So I think the risk is around those fixed rates
continue to move up and the markets are expecting more
moves in the reserve bank at the moment, so that's
(08:06):
they are really coming forward from what was wollcast around
December have now looking more like September for those rises
start coming through in the OCR here in New Zealand.
So that's that's the risk of those fixed rates start
to edge up more and that's the upper pressure on
those fixed rates.
Speaker 2 (08:23):
But what about your customers, are they're getting in touch
saying today, you know, right now it's a tough time.
We need help.
Speaker 9 (08:29):
We're not seeing a lot of that in the consumer
retail market ryand I mean, it is a tough time
right now, but I think basically people are managing through
this at the moment. We're not really seeing too many
adverts and packs. I mean, it is a concern I
think for people, this level of volatility, but people are
okay at the moment, and I think the rates have
(08:49):
been low, so that's helped. So people have been had
to have some resilience out there. But you know, we're
keeping a close eye on that and keeping in touch
with our customers to make sure they continue to manage themselves.
Speaker 2 (09:00):
Well. Mark, appreciate your time this morning. Thanks for being
with me. Mark, Brookshire Cooperative Bank's CEO. Time is seventeen
after five.
Speaker 1 (09:06):
Ryan Bridge.
Speaker 2 (09:07):
So before the Iranian state media said we've closed the straits,
they were looking at this as from the Wall Street Journal,
looking at how many vessels have actually crossed through the strait.
In the first five hours after the ceasefire was announced,
they had two vessels go through. Normally that they get
about one hundred and thirty ships a day through here.
We've spoken about this before. During the war, they averaged
(09:28):
about five or six ships a day. They were normally
Iranian ships or Chinese ships. The Philippines actually did a
deal with the Iranians to get some of theirs through
because they obviously very affected by this. There is a
bottleneck right now of four hundred and twenty five oil
and fuel tankers just sitting there, just anchored, just waiting
(09:48):
to get through, and about twenty vessels carrying alng and
the Iranian Navy is basically said to all of them
that are all anchored there, said, if you try to
go through without permission from us, you will quote be destroyed.
And this is the problem, isn't it. Even and we've
spoken about this before, But even once you say put
(10:08):
a bow on it and say walls over Victory, I'm done,
and you walk away, spray and walk away, doesn't mean
that the insurers are going to come to the party
and actually get shipped through the strait, does it. Eighteen
after five News Talks headbe.
Speaker 1 (10:23):
On your radio and online on iHeartRadio Belly Edition with
Ryan Bridge and Spark for Business Technology, The Chief's Business
Moving News Talks heedb.
Speaker 2 (10:33):
By twenty farmers are getting in touch this morning.
Speaker 9 (10:35):
Hi.
Speaker 2 (10:35):
Ryan, we farm she sheep, beef and deer. We haven't
had a monthly fuel delivery since the second of February.
Our fuel tank is nearly empty. Apparently Fern Energy are
under strict restrictions and we are on a waiting list.
But it's dire. Another here, Ryan March was difficult, usually
have two fillips a month, received none after ringing three
(10:55):
or four times, got a fill on April first, restricting
these to tractors and pumps only. Farm utes have to
be filled up off farm. There you go twenty one
after five Bryan Bridge. So the supply chain for drugs
apparently quite a lot more resilient than oil. Huge drug
halls are being caught at Auckland Airport. Numbers have quadrupled
(11:16):
between twenty eighteen and twenty twenty four, from one point
five to six and a half tons. That's at Aukland
Airport alone, and the Customs Minister Casey Costello has revealed
for the first time that the nine weeks of this
first nine weeks of this year, more than twelve tons
of cocaine has been intercepted in the Pacific. Glenn Dobson
is with the Drug Detection Agency. The chief executive there, Glenn,
(11:38):
good morning, Yeah, good morning, right, So lots of it's
still coming through.
Speaker 10 (11:43):
Yeah, look there is, and it shouldn't be a surprise
to us. I guess we'll tell us two things. It
tells us that the scale is increasing, but the good
thing is also secondly that the border agencies again better
detecting it all.
Speaker 2 (11:57):
Does it mean that we are getting I mean, if
is it the tip of the iceberg that we are getting?
So if we're seeing six and a half tons that
have been intercepted, does that mean we're going to have
you know, sixty tons that aren't.
Speaker 10 (12:09):
Yeah, that potential. What it's certainly showing is that, and
the paper outlines as well is that New Zealand's definitely
been equally targeted by the organized crime groups of the scale.
But it also shows that, as the paper recommends closer
consultation between the agencies, that greater seizures also means that
they're starting to get some great successes as well, which
(12:31):
we want to keep working on as a country.
Speaker 2 (12:33):
They're coming from some odd places, like there was a
spake there last year. I don't know if it's still
happening now. They're coming in through the airport from Canada.
Speaker 10 (12:42):
Yeah, Canada, study enough. Canada isn't an unusual place for
drugs to come through on a global supply network. Often
they'll move in all sorts of places to make it
look less obvious where the original destination is from. And
Canada is a known country for the global supply of drugs.
Speaker 2 (13:01):
Do you think this Ministerial Advisory Group is actually going
to make changes? Like, is it going to have an
effect that means that we have less drugs that they
therefore become more expensive in New Zealand?
Speaker 10 (13:14):
I mean, look, I think what this paper shows is
that we as a country and they're government start to
step up, but the reality is that there isn't a
single solution. We need enforcement, we need protection, but we
also need to reduce demand. And that's one of the
big things. As long as there's a high demand, the
supply will keep coming. So that's where the community resilience
side of the paper really steps up, and that's where
(13:35):
every person in this country needs to step up to
try and reduce that demand.
Speaker 2 (13:39):
In your work, what type of drugs are people are
you finding that people are using? Yeah?
Speaker 10 (13:46):
From the Drug Detection Agencies perspective. We released the quarter
reports a couple months ago and we saw a huge
increase in cocaine across the country. We see the same
strong usages of methane feed and both of those drugs
that we've seen and increases and strong use in are
also married in the recent government wasteful of stats as well,
(14:08):
So certainly we're seeing a strong use of both those drugs.
Speaker 2 (14:12):
Appreciate your times wanting Glenn. Thank you, Glenn Dobson, Drug
Detection Agency CEO. Time is twenty four minutes after five.
You're on News Talks VB. We will head to Mitch McCann,
who's in the US for US at about quarter to
six this morning, and we'll speak to a former US
Navy chief about the military objectives here and realistically, can
(14:33):
you put a bow on this and call it a
victory or do you have to accept that what Trump
has agreed to is his hand being forced by a
domestic audience ahead of a midterm election. News Talks VB the.
Speaker 1 (14:48):
Early edition full the show podcast on Iartradio. How It
by NEWSTALKSB.
Speaker 2 (14:54):
News Talks MB. It is five twenty six. Should we
welcome a ceasefire, Yes, of course we should, should we
count on it holding No, of course not. The Iranians
now controlled as Strait that they didn't control before the war,
and the Israelis are still dropping bombs in Lebanon, even
though this cease fire apparently says that they shouldn't be
doing that. In fact, both sides now seem to be
(15:14):
claiming that they're talking about completely different ten point plans.
These are the things you can't control, but on the
things we can. Does anybody else feel a bit relieved
about the grown ups we have in charge at home?
Nikola Willis has risen to the occasion, clear concise, across
the detail, realistic about what government can and can't do
(15:34):
to fix everybody's problems. You'll remember when this all kicked off,
I said that they had very few political choices, given
how hard they fought Labour's COVID spending and its effect
on inflation. So the targeted, temporary, timely, the three t's,
the motto seems to have been for now the right
call cometh, the hour cometh the woman. If there was
(15:56):
to be a leadership spill in national her performance, I
think in this this has put her to the top
of the list of contenders, and Winston Peters for all
the cries and please for him to thump Trump, to criticize,
to protest, to play the role of the ICC. He's
held his nerve and he's kept his thoughts to himself.
Some argue that shows weakness, but I think most key
(16:18):
wees know what he's doing is protecting us from the
wrath of a very sensitive, vindictive president. This situation is
far from done and dusted, but it's shown us we
have competent political and diplomatic leaders who are realistic about
what they can and can't control and bread wretch twenty
(16:40):
eight minutes alfter five. So Netanyahu's been giving a presser here.
Speaker 11 (16:43):
It is the US and Israel are the ones who
will change the fees of the Middle East. We work
together in order to put an end to any threat.
Again is the step of Israel, and again is.
Speaker 2 (16:57):
The free world.
Speaker 11 (16:59):
This mission is to be done through steps, and through
stages and through balls.
Speaker 2 (17:05):
Now, Caroline levitts, she's giving a press conference at the
White House at the moment, she says, and it's the spin.
It's the spin. We have met and exceeded our military objectives.
Of course, very unclear which ones they'd like to cherry
pick that they are meeting and exceeding. This morning. We'll
talk too much mccanna about that. He'll have the latest.
He's out of New York. He's coming up at quarter two,
and we'll speak to a former Navy chief out of
(17:28):
the US as well. Lots to come cleany water to
go under the bridge. I think is the point of
this morning, isn't it? Very early days? Very early days.
I've got an update for you on air Chathams as well,
my favorite New Zealand airline just putting it out there,
sad news for them. I'll update you on the routes
after this News Talk ZEBB.
Speaker 1 (17:52):
News and Views you Trust to start your day. It's
early edition with Ryan Bridge and Spark for Business Technology
that keeps Business moving, Hues talks.
Speaker 10 (18:03):
AB You're borning.
Speaker 2 (18:13):
It is twenty four away from six year on news
Talk said be a very fragile piece. Well, cease fire
deal is holding four now, although I note that Israel
is still pounding Lebanon. In fact the worst attack on
his bullet targets and Lebanon, and now the Iranians have
come out and said if you keep doing that. Well,
unless you stop right now, we will hit you right back. Meantime,
in the White House, Caroline Leavitt's up there spinning until
(18:36):
she's build in the face, says the US has destroyed
one hundred and fifty navy ships. The Iranian Air Force
is irrelevant, and here is she is a few moments ago.
Speaker 12 (18:47):
I've seen a lot of inaccurate coverage today from the
media about these negotiations and these plans already, so let
me be clear and correct the record. The Iranians originally
put forward a ten point plan that was fundamentally unsero
O yes, unacceptable and completely discarded. It was literally thrown
in the garbage by President Trump and his negotiating team.
(19:08):
Many outlets in this room have falsely reported on that
plan as being acceptable to the United States.
Speaker 2 (19:14):
Right, so we're still a little unclear on what the
ten points are. Is the gist of that. Meanwhile, oil
is down, stocks on Wall Street are up, shares of
US airlines climbing, in particular, even though they put up
the prices by ten percent. In Delta, for example, the
customer is still coming, still flying, actually shrugging that off.
(19:35):
You fertilizer, We spoke about this last week. So the
fertilizer stocks, the US companies supplying fertilizer, they saw an
absolute boom in their share price. They went through the roof.
Are they now coming down? C IF Industries the one
we spoke about, They are now down nine percent, heading
for their worst day since twenty twenty two because obviously
everyone's going well, there'll be some fertilizer coming out of
(19:56):
the Middle East now, although their shares still up more
than fifty percent this year. It is one of the
hottest stocks fertilizer company out of North America, one of
the hottest stocks on Wall Street this year. Right, it
is twenty two minutes away from six Ryan Bread Shadoway
reporters around the country Calum and Toned Morning Callum morning, Ryan.
(20:16):
How are your house price? Is looking the best in
New Zealand at the moment.
Speaker 13 (20:19):
The latest numbers are out and Otago leading New Zealand
as far as property growth has concerned. Residential property growth
for the first quarter, which far outpaces the national trend.
Home values here rose two point six percent on average.
Why Tucky leading the way at four point four percent,
Central Otago at four percent. In those three months to
(20:41):
the end of March Kluther with the slowest growth locally,
but still beating the national decline, which was of zero
point one percent. Dunedin's average home values approaching six hundred
and sixty thousand dollars now, that's nineteen percent above twenty twenty.
QV says the strong gains reflect the ongoing appeal of
lifestyle locations.
Speaker 2 (21:00):
How's the weather in Dunedin.
Speaker 13 (21:02):
It's mainly fine for a start, but the sale has changed.
This afternoon brings the odd shower, possibly heavy and a
high of twenty.
Speaker 2 (21:08):
Good on callum, Thank you, clear than Christ's morning, Clear,
Good morning. What's happening with the land? We've spoken about
Apollo Projects stadium. What's happening with the land under it?
Speaker 5 (21:17):
Yeah, well that's the big question. So there are concerns
that the Apollo Projects stadium site could sit empty when
our new stadium officially opens in a couple of weeks time.
There's no clear, confirmed plan.
Speaker 14 (21:27):
For its future.
Speaker 5 (21:29):
It will hold its very last event on April eighteen,
that's a Wellington Phoenix clash before Council then takes back
control of the whole site on April twenty. Now we
can reveal today that the options. Report on what comes
next is still being drafted by council after being delayed
at least five times since November. In the meantime, council
(21:49):
has said that the site could be used for community
support community sport rather if it's safe as temporary stands
and the buildings will be decommissioned around it. The local
Council of though Melanie co says the land should serve
as a neighborhood park while longer term plans are decided,
while Counselor Aaron Kewan, who was on council at the
time the stadium was built, says it's no longer needed
(22:10):
as either sports or recreation space and he wants to
see it being used to reduce residents rate burden.
Speaker 2 (22:15):
Interesting. How's your weather?
Speaker 5 (22:17):
I should be fine today a bit of morning high
cloud about nor the least turning westerly and a high
of twenty four.
Speaker 2 (22:22):
Thank you cleire Max and Wellington Morning Max, Good morning.
What's going on with your buses your public transport?
Speaker 15 (22:28):
Yeah?
Speaker 16 (22:28):
You can use a credit or debit card on them
or mobile payment on buses and trains from this weekend Sunday.
The downside is it still comes with a one point
five percent surcharge that seems unavoidable, but to move in
the right direction for Wellington, all the major Western cities
do it. Christ Church did it in November Auckland as well,
and we'll hopefully have a national universal bus card within
(22:50):
a year or so. You've also got the regional Council
which sets ticket prices here pleading for money from the
government as the cost of diesel saws money for fuel
discounts on ticket rates. Perhaps they were already planned to
go up and may we do no more? People are
choosing buses and trains at the moment with petrol at
about three dollars fifty. Auckland just had a record public
transport day last month. Is it time to capitalize on that?
Speaker 4 (23:14):
What?
Speaker 2 (23:14):
And do give free rides? Sure?
Speaker 16 (23:17):
Well, not free, but discounts. You capitalize on this public
transport bood?
Speaker 2 (23:22):
No. I mean, the thing is that you don't need
a carrot. You've already got a stick.
Speaker 10 (23:26):
You know.
Speaker 2 (23:27):
The stick is getting paid is the price of petrol
getting people on the bus. Anyway, how's you wear the max?
Speaker 16 (23:32):
Cloudy a little drizzly nineteen the high Thank you.
Speaker 2 (23:36):
Neva, good morning, good morning. He was actually straying into
your territory. There a little bit giving us an Auckland update. Say,
lay day in your lane?
Speaker 4 (23:44):
What's inside voice? Which is now my outside voice?
Speaker 2 (23:47):
Hey, what's this? Thirty percent of Aucklander's curb side recycling
ends up going to land.
Speaker 4 (23:52):
Well, rip your ninety. Look we've got new research out
Waste and Recycling Industry Association report now it finds one
third of this wasted recycling is contaminated or being disposed
of incorrectly.
Speaker 14 (24:04):
So calling on more.
Speaker 4 (24:06):
Education, great enforcement by local and central government. I don't
know whether that's going to work. Executive director Barney Irvine.
He says that two thirds of waste in the recycling
is things that should clearly not be there. Now, I've
got to tell you Ryan, anything from stones, would use nappies,
old clothes. So people are just treating recycling as a
second bin.
Speaker 2 (24:26):
Yeh do you know? Do you know why? Because the
main bin they give you is so small that people
who have families fill up the other bin with just anything.
Speaker 4 (24:36):
Yeah, well that's so true, and it is used as
second bin. And I don't think they know. I'll throw
on a dirty nappy. I know it's wrong, but no,
who cares. I don't think more education is going to
listen to me anyway.
Speaker 2 (24:46):
I love your skepticism. How's have we that ELD will
work with you too?
Speaker 5 (24:51):
Long?
Speaker 4 (24:52):
Areas of warding, low cloud or fog, still warm. Twenty
three to the high here in August.
Speaker 2 (24:56):
I never thank you. It is seventeen away from six
News Talks theb Where States with Mitch McCann.
Speaker 1 (25:00):
Next international correspondence with Ends and Eye Insurance, Peace of
Mind for New Zealand Business Quarter.
Speaker 2 (25:08):
Next we will head some Malcolm Nance, who is a
former United States Navy senior chief in just a few moments.
But first, we are right now in a time of
very poor quality information. Because you've got the Iranian saying
one thing about what's going on, you've got the Americans
saying another. Caroline Levitt was just asked about this report
(25:28):
that the Strait would be closed because the Israelis are
still bombing the hell out of Lebanon. This is what
she said.
Speaker 12 (25:34):
That is completely unacceptable. And again this is a case
of what they're saying publicly is different privately. We have
seen an uptick of traffic in the street today and
I will reiterate the President's expectation and demand that the
street of Ramoose is reopened immediately, quickly and safely. That
is his expectation. It has been relied to him privately.
Speaker 2 (25:55):
Right, So Mitch mccannon is with us from the USA.
US correspondent, Mitch, what do we know of the strait?
Speaker 17 (26:01):
Yeah, well, Caroline Leavitt is part of those comments that
you just played, Ryan. She also said that that reporting
was false, but then asked Iran to actually open up
the strait. So it's unclear what the situation is at
the moment, but we know in the last couple of
hours since the seaspire was enacted overnight, not many ships
have actually been passing through the Strait of Hormones anyway,
many shipping companies are still concerned about safety. So this seaspire,
(26:25):
Ryan is holding, but it's on very, very shaky ground.
There's another couple of reasons for this as well. Iran
state media also says that an oil refinery has been
struck by unspecified enemies, and at the same time, it
seems as if Iran is still un launching the attacks
in the Persian Gulf. Kuwait, for example, says it has
engaged with at least twenty eight drones from Iran since
(26:47):
the Seaspire. And at the same time, there's so many
updates here. Donald Trump has been truth on truth socials,
saying that he's going to slap a fifty percent tariff
on anyone that's selling military weapons to Iran. Now it's
unclear how he's going to do that because the Supreme
Court said most of his tariffs were illegal. So plenty
of updates at the moment, But the overall picture really
(27:07):
is this ceasefire is on very shaky ground.
Speaker 2 (27:10):
Big deal for us here, Mitch is the Strait and
getting it open and getting the oil to the refinery
so we can fill our cars and our tanks on farm.
What have they said anything about the potential for a
toll on the strait.
Speaker 17 (27:23):
Yeah, we've seen some reporting this morning from the Financial
Times that suggest that Iran is looking to put a
toll on the Strait of Hormuz using cryptocurrency. Now it's
unclear how that's going to work, whether many of these
countries or shipping companies are set up to even do that.
But that'll be another point that frustrates the White House
that's trying to get more information about this. In the
(27:44):
coming days. JD Vance is going to travel to Pakistan.
So we've just learned this is going to happen on
Saturday morning. Steve Witkoff's going to be with him, Jared Kushner,
Donald Trump's son in law, and they're going to try
and work out this negotiation. It's interesting here, Ryan, because JD.
Vance is widely reported to have been against this war
from the first place, so it's possible that Iran sees
(28:06):
him as a level head where they might be able
to get some some progress here. But Saturday morning is
when these negotiations are going to start.
Speaker 2 (28:12):
Mitch McCann, our US correspondent, chairs Mate twelve to six,
Bryan Breed, So Pete hig Seth was out overnight, reckons
the ceasefire will hold.
Speaker 18 (28:20):
Now we have a chance at real peace and a
real deal. The War Department four now four now has
done its part. We stand ready in the background to
ensure Iran upholds every reasonable term and as everyone knows,
nobody makes a better deal than President Trump.
Speaker 2 (28:39):
Let's go to Malcolm Nance, intelligence foreign policy analyst and
former United States Navy senior chief. Malcolm, Nice to have
you on the program. What are your thoughts, what are
your thoughts, what are your feelings about the chance that
this thing's going to hold.
Speaker 15 (28:53):
I should expect it to going the hold principally because
the global economy could not take much more of this.
And that's where Donald Trump's real pressures came from. That
came from the people who were saying that, you know,
the entire world system could have gone into recession. The
oil that was coming out of the Gulf was being
limited natural gas and been cut off twenty percent. You know,
(29:16):
it's like doing a you know, one of those vulcan
pressure holds on your corotid artery. You know, you might
be able to hold it for a while, which you
can't hold it forever. You said, you're going to start
killing the system. So I don't I think Trump was trapped.
He had to take this deal. And now the worst
part is, I round comes out of it stronger.
Speaker 2 (29:34):
Well, we think. And the White House is saying that
the ten point plan that everyone's talking about is not
the ten point plan that they've signed up to.
Speaker 15 (29:44):
Yeah, and I've noticed that they've said that after they
had already written. Donald Trump had retweeted Minister around she
the previous bar Minister's statement which said the basis of
it was the original fifteen point plan Loust, the ten
point plan that Iran had had set, and that's supposed
(30:06):
to be the basis of negotiations. The fifteen point plan
wasn't any better. So, you know, if Trump took this
as an off ramp to stop the collapse of the
world economy to save money for his friends. You know,
the Gulf States lost brillions in market capital with these attacks.
He's going to have to deal with what's been played
(30:26):
now because there's no restarting this war. It will collapse
the global global economy if they do it again.
Speaker 2 (30:32):
Which begs the question was it worth doing in the
first place?
Speaker 15 (30:37):
No, and they should never have done it in the
first place. Look, they have been preparing for this war
since nineteen forties, since nineteen seventy nine, forty seven years.
I fought the Iranians multiple times in the Person Gulf
during the nineteen eighties, and it was very clear back
then their geographic choke hold was over the Straight of Hormuz.
(30:59):
This was done almost halphazardly. They didn't consult anybody, and
they didn't listen to the advice of military planners. We
are awesome America at blowing things up. We're apparently really
awful at meeting our stated objectives.
Speaker 2 (31:15):
Malcolm Nance, intelligence foreign policy analysts and former United States
Navy seem the chief. Nice to have you on the
program this morning at eight to six. You're on News
Talks EBB.
Speaker 1 (31:24):
Ryan Bridge on early edition with Spark for business Technology
that keeps business moving US TALKSB.
Speaker 2 (31:31):
Six to six. Hell hath no fury? Like a farmer's
scorned and they are lashing out at Trump on the
text machine this morning because fuel drops haven't been happening
when they should be happening. This pharmacays he's an f wit.
David a proud key we farmer. Thanks for your message. Ryan.
I live at Fangada Heads. This is from one of
our listeners this morning. Opposite Marsden Point. Another fuel tanker
has just come into the port. There you go. Problem solved.
(31:55):
It is six to two. Ryan Bridge might see morning Mike.
Joyous day, Ryan, joyous day. But a little information vacuum.
I think at the moment we're not really sure what's
going on. Well, what's the matter. Well we'll all move
on one side. Well, yeah, but it's going to take
a while.
Speaker 14 (32:09):
Ryan will when did when putn I thing about this yesterday?
Speaker 15 (32:14):
Right?
Speaker 14 (32:14):
So this is how wars work, so especially wars in
the Middle East.
Speaker 2 (32:18):
So it all, it's all on and then till it's
all But that doesn't mean that the Straight opens. This
is the point it does.
Speaker 14 (32:25):
Straight will open, Yes.
Speaker 2 (32:27):
But who's going to ensure a ship when the Iranians
are sitting there with drones? Tell you how that?
Speaker 14 (32:32):
Tell you how this will work over time, is that
the Strait will open in one way, shape or form.
If it doesn't open in a way that business finds acceptable,
they will go another route. And that's how the world works.
And the Gulf states, who are so invested in the
Straight being open, will make it work.
Speaker 2 (32:47):
Yes, but how long does that take?
Speaker 14 (32:49):
What's it matter?
Speaker 2 (32:50):
Well, look at what it's doing to our economy. Look
at what it's doing to most economies in Asia.
Speaker 14 (32:56):
No, that's that's separate to the War's a complete disaster
and ambles and should never have started.
Speaker 2 (33:01):
No, No, totally. But you can't separate the two. Right, one
has caused the other, and we're dealing with the fallout
of what's happening in the Strait, and the Strait doesn't
magically open because Trump waves as magical.
Speaker 14 (33:11):
Of course it doesn't magically open, but it'll open over
the next few weeks because the will the pressure on
the words. It's like it's like the fuel. If you
look at the fuel. When the fuel problem started, we
were going to run out of fuel, right, and everyone
was panicking about running out of fuel. Well, then all
of a sudden everyone went to the other supplies around
the world and worked out actually that twenty percent of
the world's oil is only through one part. The eighty
percent is available to us. So we've solved our fuel problem.
(33:33):
So yes, as of two days ago.
Speaker 2 (33:37):
We've solved the fuel problem.
Speaker 14 (33:39):
We've solved the fuel problem in terms of delivery to
the country. So if you look at Australia, look at
New Zealand, look at the sources where they've gone to.
They've got Australia, for example, shored up supplies from Japan.
They said, don't worry, we will see you right, we've
gone to alternative source.
Speaker 2 (33:52):
So the refineries that they rely on are still short
on the credit they're not they are Japan, isn't Reader's
got a big stockpile of course, no, yes, they did
three hundred.
Speaker 14 (34:03):
Day what those guys have done, has gone to alternative
sources because there's actually a lot of oil help there.
Speaker 2 (34:08):
So I'm Mike, so I Mike declares, I am ups over.
Speaker 14 (34:12):
I know, I am up beat. I am upbeat about
this unfolding in the sense that it was always going
to last four to six weeks.
Speaker 2 (34:19):
And Trump's hand has been forced by the global.
Speaker 14 (34:21):
Economy course, and that's and that's how that's how it works. Anyway,
we'll have a lot more, including the governor.
Speaker 2 (34:26):
Of the brilliant mic is with your next Have a
great day, brun Cena Mark
Speaker 1 (34:34):
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, there'd be.
Speaker 2 (00:10):
Good morning, six after five. Great to have your company.
Got some breaking news just out in the last few minutes.
The Iranians say they've closed the strait already because well,
Israel's still bombing Lebanon. White House brief and getting underway
shortly will keep you across that. Plus Mitch mccam with
us from New York. We've got to form a Navy
chief on the military objectives here, drugs everywhere at Auckland Airport,
and the co Op Bank boss on the OCN.
Speaker 1 (00:34):
The agenda.
Speaker 2 (00:35):
It is Thursday, the night of eight befil The spin
begins on the ceasefire. His headset this morning.
Speaker 3 (00:40):
President Trump had the power to cripple Iran's entire economy
in minutes, but he chose mercy. He spared those targets
because Iran accepted the ceasefire under overwhelming pressure. This new
regime was out of options and out of time, so
they cut a deal.
Speaker 2 (00:57):
The Iranians, along with a whole bunch of other people
in the world, quite skeptical about all of.
Speaker 4 (01:00):
This is America's nature ever change.
Speaker 5 (01:02):
I don't know why they accept it as always they
want to buy time for Israel.
Speaker 1 (01:06):
America can't be trusted as long as a Security Council resolution.
Speaker 6 (01:10):
Is not issued in reparations not peed, it can't be
trusted at all.
Speaker 2 (01:14):
So they said the Strait is going to open. Now
they are saying state media and around that the Strait
will close because the Israeli still bombing Lebanon Starma before
that happened. Said that, don't worry. I'm on the job,
and it's.
Speaker 7 (01:25):
Very important that we get the straight upol moves open.
There's a lot of work to do there. We've been
convening a number of countries. I now get the opportunity
here in Saui Arabia and countries nearby in the region
to have their discussions, to coordinate our actions and to
go forward collectively in pursuit of those two missions.
Speaker 2 (01:43):
In other news in the US, have you heard of
the Long Island serial killer? There was a Netflix show
about it, plenty of podcasts about it. Absolutely horrific. Happened
over decades and the guy, a New York architect who
they thought was responsible, has now pleaded guilty to the
deaths of eight women in Gilgo Beach. Rix Human is
(02:03):
his name. He's agreed to several life sentences without the
possibility of parole.
Speaker 8 (02:08):
We are told from our team inside court that it
is very tense in there. We are told that his
ex wife is leaning forward in her chair, holding tissues,
almost bracing herself on the chair in front of her.
The families of the victims are also there too. We
are told it is packed.
Speaker 1 (02:27):
The news you need this morning and the in depth
analysis earlier. This ship with Ryan Bridge and Spunk for
business technology that keeps business moving, news talks.
Speaker 2 (02:37):
It be just gone eight minutes alf to five. Nice
to have your company this morning. Nine two ninety two
is the numbers of text. This was Trump back in
February announcing the war with Iran.
Speaker 6 (02:47):
A short time ago, the United States military began major
combat operations in Iran. Our objective is to defend the
American people by eliminating eminent threats from the Iranian regime,
a vicious group of very hard, terrible people.
Speaker 2 (03:11):
Right, So has he got what he wanted? You know
what has the United States gained from thirteen thousand strikes
on targets inside of Iran. Well, if you look at
the ten point plan, and by the way, the ten
point Plan is a bit like the treaty, you know,
two different versions. The Americans are now saying that there
are two versions of a ten point plan, and they're
working off a different one to the one that the
(03:32):
media has got their hands on, the one that the
Iranians are putting out there. So who even knows at
this point. But if you buy what the Iranian version
or the one that's in the media, there's a guarantee
of non aggression. Yeap okay, understandable. You need that for
a ceasefire, and the Iranians reckon you get China and
Russia to mediate, Lord help us. Iran will continue to
(03:53):
control the Strait of Hormus. Well they never did beforehand,
and now apparently they do. And there's talk of a
three and a half million dollar toll. You thought the
tolls going north of Auckland were going to be bad,
wait till you try and get through the Strait of
Horn Moves accepting an Iranian right to enrich uranium. This
was the whole point. We were meant to go in
there and get the uranium out, the enriched uranium out
(04:16):
and they won't have a nuclear weapon. Well, there's wiggle
room here, apparently, because Obama did that deal. Remember Trump
came in and ripped it up. But Obama did a
deal with the Iranians over enriched uranium and nuclear weapons,
and it looks like he probably got a better deal
than Trump got by bombing the place. Anyway, we'll have
to wait and see what happens with that. Sanctions will
(04:37):
be lifted according to this termination of all Security Council resolutions.
They even want reparations for the damaged calls during the war.
But interestingly, and this is a crucial point for all
those Golf States because you know they just the Iranians
went Kamakazi on the Golf States and just throwing drones
in the air. That according to this, there'll be with
(05:00):
draw all of US combat forces from the region. Now
there's about forty thousand troops in the Middle East from
the US right now. What happens to them? And you
can't just pull them out because the Gulf States will
be so vulnerable. They've just shown that they are basically
quite susceptible to a drone or two over the border.
So there you go. What have we achieved where? Actually
have we achieved anything? Is the question this morning? Is
(05:22):
this ceasefire even going to hold? And Allah only knows?
Eleven after five Ryan Bridge, Next, we'll talk what we
can talk about, which is the OCR and what we
can control in New Zealand is the OCR. So we'll
talk about that with the co Op bank Boss.
Speaker 1 (05:39):
Next, get ahead of the headlines on a early edition
with Ryan Bridge and Spark for Business Technology that keeps
Business Moving News TALKS'B.
Speaker 2 (05:50):
Five point thirteen on News Talks. B would love to
hear from some farmers this morning. Nine two ninety two
is the number to text because fed farmers reckon that
there are fuel shortages despite what we're being told from
the Podium of Truth that we don't call the Podium
of Truth because it's not COVID anymore. But despite what
we've been told, there are fuel shortages going on, and
some farmers are two to three weeks behind their normal
fuel drops because most of them get a if you've
(06:11):
got an on farm tank, you get a monthly drop,
I am told, and some of those are weeks behind
usual deliveries and they need it for drinking water systems,
for livestock, et cetera. So is this true? Is anyone
behind on their fuel deliveries and is anything being done
about it? Nine nine two the number to text. It's
fourteen minutes after five ray Bred. So the OCA has
(06:32):
been held steady at two point twenty five percent RB
and zsy's inflational peak at four point two percent this quarter. Though,
you know, it's like pinning a tail on donkey with estimates.
At the moment, markets thought the announcement was a bit
more hawkish than they expected. Kiwi dollar rallied a quarter
of a US sent to fifty eight point one eight.
In response, Mark Wiltshire is the Cooperative Bank CEO, joins
(06:52):
us this morning. Hey Mark, good morning, ra. What did
you make of the statement yesterday from the bank?
Speaker 9 (06:59):
I think there is a banks that are a very
difficult job right now. So I think we've had a
very good job just basically having a very balanced view
highlighting some of those risks that they might need to
take action. So the markets, as you said, just did
react a bit saying that's a bit of a tone
saying they will respond to inflation if that persists into
the medium term.
Speaker 2 (07:18):
What's happening on you on the whole. Yeah, on the balance,
on the whole balanced and on the whole sensible, which
is good. It's what you want from a reserve bank,
right What about your rates, how are they? Have you
increased them by how much? And will you in the future.
Speaker 9 (07:33):
Well, there floating rates on hold, so we've got one
of the lowest floating rates out there at four nine
to nine. It's a fixed rates that are the one
that's moving. And so markets did up a little bit.
Speaker 2 (07:44):
I mean, good.
Speaker 9 (07:45):
News on the ceasefire in the Middle East, so that
certainly has helped markets. So that was actually a positive effect.
But it is, as you mentioned, it's quite volatile right now.
So I think the risk is around those fixed rates
continue to move up and the markets are expecting more
moves in the reserve bank at the moment, so that's
(08:06):
they are really coming forward from what was wollcast around
December have now looking more like September for those rises
start coming through in the OCR here in New Zealand.
So that's that's the risk of those fixed rates start
to edge up more and that's the upper pressure on
those fixed rates.
Speaker 2 (08:23):
But what about your customers, are they're getting in touch
saying today, you know, right now it's a tough time.
We need help.
Speaker 9 (08:29):
We're not seeing a lot of that in the consumer
retail market ryand I mean, it is a tough time
right now, but I think basically people are managing through
this at the moment. We're not really seeing too many
adverts and packs. I mean, it is a concern I
think for people, this level of volatility, but people are
okay at the moment, and I think the rates have
(08:49):
been low, so that's helped. So people have been had
to have some resilience out there. But you know, we're
keeping a close eye on that and keeping in touch
with our customers to make sure they continue to manage themselves.
Speaker 2 (09:00):
Well. Mark, appreciate your time this morning. Thanks for being
with me. Mark, Brookshire Cooperative Bank's CEO. Time is seventeen
after five.
Speaker 1 (09:06):
Ryan Bridge.
Speaker 2 (09:07):
So before the Iranian state media said we've closed the straits,
they were looking at this as from the Wall Street Journal,
looking at how many vessels have actually crossed through the strait.
In the first five hours after the ceasefire was announced,
they had two vessels go through. Normally that they get
about one hundred and thirty ships a day through here.
We've spoken about this before. During the war, they averaged
(09:28):
about five or six ships a day. They were normally
Iranian ships or Chinese ships. The Philippines actually did a
deal with the Iranians to get some of theirs through
because they obviously very affected by this. There is a
bottleneck right now of four hundred and twenty five oil
and fuel tankers just sitting there, just anchored, just waiting
(09:48):
to get through, and about twenty vessels carrying alng and
the Iranian Navy is basically said to all of them
that are all anchored there, said, if you try to
go through without permission from us, you will quote be destroyed.
And this is the problem, isn't it. Even and we've
spoken about this before, But even once you say put
(10:08):
a bow on it and say walls over Victory, I'm done,
and you walk away, spray and walk away, doesn't mean
that the insurers are going to come to the party
and actually get shipped through the strait, does it. Eighteen
after five News Talks headbe.
Speaker 1 (10:23):
On your radio and online on iHeartRadio Belly Edition with
Ryan Bridge and Spark for Business Technology, The Chief's Business
Moving News Talks heedb.
Speaker 2 (10:33):
By twenty farmers are getting in touch this morning.
Speaker 9 (10:35):
Hi.
Speaker 2 (10:35):
Ryan, we farm she sheep, beef and deer. We haven't
had a monthly fuel delivery since the second of February.
Our fuel tank is nearly empty. Apparently Fern Energy are
under strict restrictions and we are on a waiting list.
But it's dire. Another here, Ryan March was difficult, usually
have two fillips a month, received none after ringing three
(10:55):
or four times, got a fill on April first, restricting
these to tractors and pumps only. Farm utes have to
be filled up off farm. There you go twenty one
after five Bryan Bridge. So the supply chain for drugs
apparently quite a lot more resilient than oil. Huge drug
halls are being caught at Auckland Airport. Numbers have quadrupled
(11:16):
between twenty eighteen and twenty twenty four, from one point
five to six and a half tons. That's at Aukland
Airport alone, and the Customs Minister Casey Costello has revealed
for the first time that the nine weeks of this
first nine weeks of this year, more than twelve tons
of cocaine has been intercepted in the Pacific. Glenn Dobson
is with the Drug Detection Agency. The chief executive there, Glenn,
(11:38):
good morning, Yeah, good morning, right, So lots of it's
still coming through.
Speaker 10 (11:43):
Yeah, look there is, and it shouldn't be a surprise
to us. I guess we'll tell us two things. It
tells us that the scale is increasing, but the good
thing is also secondly that the border agencies again better
detecting it all.
Speaker 2 (11:57):
Does it mean that we are getting I mean, if
is it the tip of the iceberg that we are getting?
So if we're seeing six and a half tons that
have been intercepted, does that mean we're going to have
you know, sixty tons that aren't.
Speaker 10 (12:09):
Yeah, that potential. What it's certainly showing is that, and
the paper outlines as well is that New Zealand's definitely
been equally targeted by the organized crime groups of the scale.
But it also shows that, as the paper recommends closer
consultation between the agencies, that greater seizures also means that
they're starting to get some great successes as well, which
(12:31):
we want to keep working on as a country.
Speaker 2 (12:33):
They're coming from some odd places, like there was a
spake there last year. I don't know if it's still
happening now. They're coming in through the airport from Canada.
Speaker 10 (12:42):
Yeah, Canada, study enough. Canada isn't an unusual place for
drugs to come through on a global supply network. Often
they'll move in all sorts of places to make it
look less obvious where the original destination is from. And
Canada is a known country for the global supply of drugs.
Speaker 2 (13:01):
Do you think this Ministerial Advisory Group is actually going
to make changes? Like, is it going to have an
effect that means that we have less drugs that they
therefore become more expensive in New Zealand?
Speaker 10 (13:14):
I mean, look, I think what this paper shows is
that we as a country and they're government start to
step up, but the reality is that there isn't a
single solution. We need enforcement, we need protection, but we
also need to reduce demand. And that's one of the
big things. As long as there's a high demand, the
supply will keep coming. So that's where the community resilience
side of the paper really steps up, and that's where
(13:35):
every person in this country needs to step up to
try and reduce that demand.
Speaker 2 (13:39):
In your work, what type of drugs are people are
you finding that people are using? Yeah?
Speaker 10 (13:46):
From the Drug Detection Agencies perspective. We released the quarter
reports a couple months ago and we saw a huge
increase in cocaine across the country. We see the same
strong usages of methane feed and both of those drugs
that we've seen and increases and strong use in are
also married in the recent government wasteful of stats as well,
(14:08):
So certainly we're seeing a strong use of both those drugs.
Speaker 2 (14:12):
Appreciate your times wanting Glenn. Thank you, Glenn Dobson, Drug
Detection Agency CEO. Time is twenty four minutes after five.
You're on News Talks VB. We will head to Mitch McCann,
who's in the US for US at about quarter to
six this morning, and we'll speak to a former US
Navy chief about the military objectives here and realistically, can
(14:33):
you put a bow on this and call it a
victory or do you have to accept that what Trump
has agreed to is his hand being forced by a
domestic audience ahead of a midterm election. News Talks VB the.
Speaker 1 (14:48):
Early edition full the show podcast on Iartradio. How It
by NEWSTALKSB.
Speaker 2 (14:54):
News Talks MB. It is five twenty six. Should we
welcome a ceasefire, Yes, of course we should, should we
count on it holding No, of course not. The Iranians
now controlled as Strait that they didn't control before the war,
and the Israelis are still dropping bombs in Lebanon, even
though this cease fire apparently says that they shouldn't be
doing that. In fact, both sides now seem to be
(15:14):
claiming that they're talking about completely different ten point plans.
These are the things you can't control, but on the
things we can. Does anybody else feel a bit relieved
about the grown ups we have in charge at home?
Nikola Willis has risen to the occasion, clear concise, across
the detail, realistic about what government can and can't do
(15:34):
to fix everybody's problems. You'll remember when this all kicked off,
I said that they had very few political choices, given
how hard they fought Labour's COVID spending and its effect
on inflation. So the targeted, temporary, timely, the three t's,
the motto seems to have been for now the right
call cometh, the hour cometh the woman. If there was
(15:56):
to be a leadership spill in national her performance, I
think in this this has put her to the top
of the list of contenders, and Winston Peters for all
the cries and please for him to thump Trump, to criticize,
to protest, to play the role of the ICC. He's
held his nerve and he's kept his thoughts to himself.
Some argue that shows weakness, but I think most key
(16:18):
wees know what he's doing is protecting us from the
wrath of a very sensitive, vindictive president. This situation is
far from done and dusted, but it's shown us we
have competent political and diplomatic leaders who are realistic about
what they can and can't control and bread wretch twenty
(16:40):
eight minutes alfter five. So Netanyahu's been giving a presser here.
Speaker 11 (16:43):
It is the US and Israel are the ones who
will change the fees of the Middle East. We work
together in order to put an end to any threat.
Again is the step of Israel, and again is.
Speaker 2 (16:57):
The free world.
Speaker 11 (16:59):
This mission is to be done through steps, and through
stages and through balls.
Speaker 2 (17:05):
Now, Caroline levitts, she's giving a press conference at the
White House at the moment, she says, and it's the spin.
It's the spin. We have met and exceeded our military objectives.
Of course, very unclear which ones they'd like to cherry
pick that they are meeting and exceeding. This morning. We'll
talk too much mccanna about that. He'll have the latest.
He's out of New York. He's coming up at quarter two,
and we'll speak to a former Navy chief out of
(17:28):
the US as well. Lots to come cleany water to
go under the bridge. I think is the point of
this morning, isn't it? Very early days? Very early days.
I've got an update for you on air Chathams as well,
my favorite New Zealand airline just putting it out there,
sad news for them. I'll update you on the routes
after this News Talk ZEBB.
Speaker 1 (17:52):
News and Views you Trust to start your day. It's
early edition with Ryan Bridge and Spark for Business Technology
that keeps Business moving, Hues talks.
Speaker 10 (18:03):
AB You're borning.
Speaker 2 (18:13):
It is twenty four away from six year on news
Talk said be a very fragile piece. Well, cease fire
deal is holding four now, although I note that Israel
is still pounding Lebanon. In fact the worst attack on
his bullet targets and Lebanon, and now the Iranians have
come out and said if you keep doing that. Well,
unless you stop right now, we will hit you right back. Meantime,
in the White House, Caroline Leavitt's up there spinning until
(18:36):
she's build in the face, says the US has destroyed
one hundred and fifty navy ships. The Iranian Air Force
is irrelevant, and here is she is a few moments ago.
Speaker 12 (18:47):
I've seen a lot of inaccurate coverage today from the
media about these negotiations and these plans already, so let
me be clear and correct the record. The Iranians originally
put forward a ten point plan that was fundamentally unsero
O yes, unacceptable and completely discarded. It was literally thrown
in the garbage by President Trump and his negotiating team.
(19:08):
Many outlets in this room have falsely reported on that
plan as being acceptable to the United States.
Speaker 2 (19:14):
Right, so we're still a little unclear on what the
ten points are. Is the gist of that. Meanwhile, oil
is down, stocks on Wall Street are up, shares of
US airlines climbing, in particular, even though they put up
the prices by ten percent. In Delta, for example, the
customer is still coming, still flying, actually shrugging that off.
(19:35):
You fertilizer, We spoke about this last week. So the
fertilizer stocks, the US companies supplying fertilizer, they saw an
absolute boom in their share price. They went through the roof.
Are they now coming down? C IF Industries the one
we spoke about, They are now down nine percent, heading
for their worst day since twenty twenty two because obviously
everyone's going well, there'll be some fertilizer coming out of
(19:56):
the Middle East now, although their shares still up more
than fifty percent this year. It is one of the
hottest stocks fertilizer company out of North America, one of
the hottest stocks on Wall Street this year. Right, it
is twenty two minutes away from six Ryan Bread Shadoway
reporters around the country Calum and Toned Morning Callum morning, Ryan.
(20:16):
How are your house price? Is looking the best in
New Zealand at the moment.
Speaker 13 (20:19):
The latest numbers are out and Otago leading New Zealand
as far as property growth has concerned. Residential property growth
for the first quarter, which far outpaces the national trend.
Home values here rose two point six percent on average.
Why Tucky leading the way at four point four percent,
Central Otago at four percent. In those three months to
(20:41):
the end of March Kluther with the slowest growth locally,
but still beating the national decline, which was of zero
point one percent. Dunedin's average home values approaching six hundred
and sixty thousand dollars now, that's nineteen percent above twenty twenty.
QV says the strong gains reflect the ongoing appeal of
lifestyle locations.
Speaker 2 (21:00):
How's the weather in Dunedin.
Speaker 13 (21:02):
It's mainly fine for a start, but the sale has changed.
This afternoon brings the odd shower, possibly heavy and a
high of twenty.
Speaker 2 (21:08):
Good on callum, Thank you, clear than Christ's morning, Clear,
Good morning. What's happening with the land? We've spoken about
Apollo Projects stadium. What's happening with the land under it?
Speaker 5 (21:17):
Yeah, well that's the big question. So there are concerns
that the Apollo Projects stadium site could sit empty when
our new stadium officially opens in a couple of weeks time.
There's no clear, confirmed plan.
Speaker 14 (21:27):
For its future.
Speaker 5 (21:29):
It will hold its very last event on April eighteen,
that's a Wellington Phoenix clash before Council then takes back
control of the whole site on April twenty. Now we
can reveal today that the options. Report on what comes
next is still being drafted by council after being delayed
at least five times since November. In the meantime, council
(21:49):
has said that the site could be used for community
support community sport rather if it's safe as temporary stands
and the buildings will be decommissioned around it. The local
Council of though Melanie co says the land should serve
as a neighborhood park while longer term plans are decided,
while Counselor Aaron Kewan, who was on council at the
time the stadium was built, says it's no longer needed
(22:10):
as either sports or recreation space and he wants to
see it being used to reduce residents rate burden.
Speaker 2 (22:15):
Interesting. How's your weather?
Speaker 5 (22:17):
I should be fine today a bit of morning high
cloud about nor the least turning westerly and a high
of twenty four.
Speaker 2 (22:22):
Thank you cleire Max and Wellington Morning Max, Good morning.
What's going on with your buses your public transport?
Speaker 15 (22:28):
Yeah?
Speaker 16 (22:28):
You can use a credit or debit card on them
or mobile payment on buses and trains from this weekend Sunday.
The downside is it still comes with a one point
five percent surcharge that seems unavoidable, but to move in
the right direction for Wellington, all the major Western cities
do it. Christ Church did it in November Auckland as well,
and we'll hopefully have a national universal bus card within
(22:50):
a year or so. You've also got the regional Council
which sets ticket prices here pleading for money from the
government as the cost of diesel saws money for fuel
discounts on ticket rates. Perhaps they were already planned to
go up and may we do no more? People are
choosing buses and trains at the moment with petrol at
about three dollars fifty. Auckland just had a record public
transport day last month. Is it time to capitalize on that?
Speaker 4 (23:14):
What?
Speaker 2 (23:14):
And do give free rides? Sure?
Speaker 16 (23:17):
Well, not free, but discounts. You capitalize on this public
transport bood?
Speaker 2 (23:22):
No. I mean, the thing is that you don't need
a carrot. You've already got a stick.
Speaker 10 (23:26):
You know.
Speaker 2 (23:27):
The stick is getting paid is the price of petrol
getting people on the bus. Anyway, how's you wear the max?
Speaker 16 (23:32):
Cloudy a little drizzly nineteen the high Thank you.
Speaker 2 (23:36):
Neva, good morning, good morning. He was actually straying into
your territory. There a little bit giving us an Auckland update. Say,
lay day in your lane?
Speaker 4 (23:44):
What's inside voice? Which is now my outside voice?
Speaker 2 (23:47):
Hey, what's this? Thirty percent of Aucklander's curb side recycling
ends up going to land.
Speaker 4 (23:52):
Well, rip your ninety. Look we've got new research out
Waste and Recycling Industry Association report now it finds one
third of this wasted recycling is contaminated or being disposed
of incorrectly.
Speaker 14 (24:04):
So calling on more.
Speaker 4 (24:06):
Education, great enforcement by local and central government. I don't
know whether that's going to work. Executive director Barney Irvine.
He says that two thirds of waste in the recycling
is things that should clearly not be there. Now, I've
got to tell you Ryan, anything from stones, would use nappies,
old clothes. So people are just treating recycling as a
second bin.
Speaker 2 (24:26):
Yeh do you know? Do you know why? Because the
main bin they give you is so small that people
who have families fill up the other bin with just anything.
Speaker 4 (24:36):
Yeah, well that's so true, and it is used as
second bin. And I don't think they know. I'll throw
on a dirty nappy. I know it's wrong, but no,
who cares. I don't think more education is going to
listen to me anyway.
Speaker 2 (24:46):
I love your skepticism. How's have we that ELD will
work with you too?
Speaker 5 (24:51):
Long?
Speaker 4 (24:52):
Areas of warding, low cloud or fog, still warm. Twenty
three to the high here in August.
Speaker 2 (24:56):
I never thank you. It is seventeen away from six
News Talks theb Where States with Mitch McCann.
Speaker 1 (25:00):
Next international correspondence with Ends and Eye Insurance, Peace of
Mind for New Zealand Business Quarter.
Speaker 2 (25:08):
Next we will head some Malcolm Nance, who is a
former United States Navy senior chief in just a few moments.
But first, we are right now in a time of
very poor quality information. Because you've got the Iranian saying
one thing about what's going on, you've got the Americans
saying another. Caroline Levitt was just asked about this report
(25:28):
that the Strait would be closed because the Israelis are
still bombing the hell out of Lebanon. This is what
she said.
Speaker 12 (25:34):
That is completely unacceptable. And again this is a case
of what they're saying publicly is different privately. We have
seen an uptick of traffic in the street today and
I will reiterate the President's expectation and demand that the
street of Ramoose is reopened immediately, quickly and safely. That
is his expectation. It has been relied to him privately.
Speaker 2 (25:55):
Right, So Mitch mccannon is with us from the USA.
US correspondent, Mitch, what do we know of the strait?
Speaker 17 (26:01):
Yeah, well, Caroline Leavitt is part of those comments that
you just played, Ryan. She also said that that reporting
was false, but then asked Iran to actually open up
the strait. So it's unclear what the situation is at
the moment, but we know in the last couple of
hours since the seaspire was enacted overnight, not many ships
have actually been passing through the Strait of Hormones anyway,
many shipping companies are still concerned about safety. So this seaspire,
(26:25):
Ryan is holding, but it's on very, very shaky ground.
There's another couple of reasons for this as well. Iran
state media also says that an oil refinery has been
struck by unspecified enemies, and at the same time, it
seems as if Iran is still un launching the attacks
in the Persian Gulf. Kuwait, for example, says it has
engaged with at least twenty eight drones from Iran since
(26:47):
the Seaspire. And at the same time, there's so many
updates here. Donald Trump has been truth on truth socials,
saying that he's going to slap a fifty percent tariff
on anyone that's selling military weapons to Iran. Now it's
unclear how he's going to do that because the Supreme
Court said most of his tariffs were illegal. So plenty
of updates at the moment, But the overall picture really
(27:07):
is this ceasefire is on very shaky ground.
Speaker 2 (27:10):
Big deal for us here, Mitch is the Strait and
getting it open and getting the oil to the refinery
so we can fill our cars and our tanks on farm.
What have they said anything about the potential for a
toll on the strait.
Speaker 17 (27:23):
Yeah, we've seen some reporting this morning from the Financial
Times that suggest that Iran is looking to put a
toll on the Strait of Hormuz using cryptocurrency. Now it's
unclear how that's going to work, whether many of these
countries or shipping companies are set up to even do that.
But that'll be another point that frustrates the White House
that's trying to get more information about this. In the
(27:44):
coming days. JD Vance is going to travel to Pakistan.
So we've just learned this is going to happen on
Saturday morning. Steve Witkoff's going to be with him, Jared Kushner,
Donald Trump's son in law, and they're going to try
and work out this negotiation. It's interesting here, Ryan, because JD.
Vance is widely reported to have been against this war
from the first place, so it's possible that Iran sees
(28:06):
him as a level head where they might be able
to get some some progress here. But Saturday morning is
when these negotiations are going to start.
Speaker 2 (28:12):
Mitch McCann, our US correspondent, chairs Mate twelve to six,
Bryan Breed, So Pete hig Seth was out overnight, reckons
the ceasefire will hold.
Speaker 18 (28:20):
Now we have a chance at real peace and a
real deal. The War Department four now four now has
done its part. We stand ready in the background to
ensure Iran upholds every reasonable term and as everyone knows,
nobody makes a better deal than President Trump.
Speaker 2 (28:39):
Let's go to Malcolm Nance, intelligence foreign policy analyst and
former United States Navy senior chief. Malcolm, Nice to have
you on the program. What are your thoughts, what are
your thoughts, what are your feelings about the chance that
this thing's going to hold.
Speaker 15 (28:53):
I should expect it to going the hold principally because
the global economy could not take much more of this.
And that's where Donald Trump's real pressures came from. That
came from the people who were saying that, you know,
the entire world system could have gone into recession. The
oil that was coming out of the Gulf was being
limited natural gas and been cut off twenty percent. You know,
(29:16):
it's like doing a you know, one of those vulcan
pressure holds on your corotid artery. You know, you might
be able to hold it for a while, which you
can't hold it forever. You said, you're going to start
killing the system. So I don't I think Trump was trapped.
He had to take this deal. And now the worst
part is, I round comes out of it stronger.
Speaker 2 (29:34):
Well, we think. And the White House is saying that
the ten point plan that everyone's talking about is not
the ten point plan that they've signed up to.
Speaker 15 (29:44):
Yeah, and I've noticed that they've said that after they
had already written. Donald Trump had retweeted Minister around she
the previous bar Minister's statement which said the basis of
it was the original fifteen point plan Loust, the ten
point plan that Iran had had set, and that's supposed
(30:06):
to be the basis of negotiations. The fifteen point plan
wasn't any better. So, you know, if Trump took this
as an off ramp to stop the collapse of the
world economy to save money for his friends. You know,
the Gulf States lost brillions in market capital with these attacks.
He's going to have to deal with what's been played
(30:26):
now because there's no restarting this war. It will collapse
the global global economy if they do it again.
Speaker 2 (30:32):
Which begs the question was it worth doing in the
first place?
Speaker 15 (30:37):
No, and they should never have done it in the
first place. Look, they have been preparing for this war
since nineteen forties, since nineteen seventy nine, forty seven years.
I fought the Iranians multiple times in the Person Gulf
during the nineteen eighties, and it was very clear back
then their geographic choke hold was over the Straight of Hormuz.
(30:59):
This was done almost halphazardly. They didn't consult anybody, and
they didn't listen to the advice of military planners. We
are awesome America at blowing things up. We're apparently really
awful at meeting our stated objectives.
Speaker 2 (31:15):
Malcolm Nance, intelligence foreign policy analysts and former United States
Navy seem the chief. Nice to have you on the
program this morning at eight to six. You're on News
Talks EBB.
Speaker 1 (31:24):
Ryan Bridge on early edition with Spark for business Technology
that keeps business moving US TALKSB.
Speaker 2 (31:31):
Six to six. Hell hath no fury? Like a farmer's
scorned and they are lashing out at Trump on the
text machine this morning because fuel drops haven't been happening
when they should be happening. This pharmacays he's an f wit.
David a proud key we farmer. Thanks for your message. Ryan.
I live at Fangada Heads. This is from one of
our listeners this morning. Opposite Marsden Point. Another fuel tanker
has just come into the port. There you go. Problem solved.
(31:55):
It is six to two. Ryan Bridge might see morning Mike.
Joyous day, Ryan, joyous day. But a little information vacuum.
I think at the moment we're not really sure what's
going on. Well, what's the matter. Well we'll all move
on one side. Well, yeah, but it's going to take
a while.
Speaker 14 (32:09):
Ryan will when did when putn I thing about this yesterday?
Speaker 15 (32:14):
Right?
Speaker 14 (32:14):
So this is how wars work, so especially wars in
the Middle East.
Speaker 2 (32:18):
So it all, it's all on and then till it's
all But that doesn't mean that the Straight opens. This
is the point it does.
Speaker 14 (32:25):
Straight will open, Yes.
Speaker 2 (32:27):
But who's going to ensure a ship when the Iranians
are sitting there with drones? Tell you how that?
Speaker 14 (32:32):
Tell you how this will work over time, is that
the Strait will open in one way, shape or form.
If it doesn't open in a way that business finds acceptable,
they will go another route. And that's how the world works.
And the Gulf states, who are so invested in the
Straight being open, will make it work.
Speaker 2 (32:47):
Yes, but how long does that take?
Speaker 14 (32:49):
What's it matter?
Speaker 2 (32:50):
Well, look at what it's doing to our economy. Look
at what it's doing to most economies in Asia.
Speaker 14 (32:56):
No, that's that's separate to the War's a complete disaster
and ambles and should never have started.
Speaker 2 (33:01):
No, No, totally. But you can't separate the two. Right, one
has caused the other, and we're dealing with the fallout
of what's happening in the Strait, and the Strait doesn't
magically open because Trump waves as magical.
Speaker 14 (33:11):
Of course it doesn't magically open, but it'll open over
the next few weeks because the will the pressure on
the words. It's like it's like the fuel. If you
look at the fuel. When the fuel problem started, we
were going to run out of fuel, right, and everyone
was panicking about running out of fuel. Well, then all
of a sudden everyone went to the other supplies around
the world and worked out actually that twenty percent of
the world's oil is only through one part. The eighty
percent is available to us. So we've solved our fuel problem.
(33:33):
So yes, as of two days ago.
Speaker 2 (33:37):
We've solved the fuel problem.
Speaker 14 (33:39):
We've solved the fuel problem in terms of delivery to
the country. So if you look at Australia, look at
New Zealand, look at the sources where they've gone to.
They've got Australia, for example, shored up supplies from Japan.
They said, don't worry, we will see you right, we've
gone to alternative source.
Speaker 2 (33:52):
So the refineries that they rely on are still short
on the credit they're not they are Japan, isn't Reader's
got a big stockpile of course, no, yes, they did
three hundred.
Speaker 14 (34:03):
Day what those guys have done, has gone to alternative
sources because there's actually a lot of oil help there.
Speaker 2 (34:08):
So I'm Mike, so I Mike declares, I am ups over.
Speaker 14 (34:12):
I know, I am up beat. I am upbeat about
this unfolding in the sense that it was always going
to last four to six weeks.
Speaker 2 (34:19):
And Trump's hand has been forced by the global.
Speaker 14 (34:21):
Economy course, and that's and that's how that's how it works. Anyway,
we'll have a lot more, including the governor.
Speaker 2 (34:26):
Of the brilliant mic is with your next Have a
great day, brun Cena Mark
Speaker 1 (34:34):
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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