July 9, 2024 • 34 mins
On the Early Edition with Ryan Bridge Full Show Podcast for Wednesday the 10th of July it's OCR day, and Ryan speaks to Westpac's chief economist who isn't expecting a change any time soon.
A change to our clean car standards is on the way, but Drive Electric aren't in favour.
SailGP is on the way to Auckland next year, are dolphins going to be an issue? Ryan finds out.
The UK is talking about an inheritance tax of up to 40% and there are whispers of our Labour party looking at one as well.
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Speaker 1 (00:01):
The issues, the interviews and the inside.
Speaker 2 (00:07):
Ryan Bridge new for twenty twenty four on the early
edition with Smith City, New Zealand's furniture bands and a
playing store us Dogs.
Speaker 3 (00:15):
It be good morning.
Speaker 4 (00:17):
It has just gone six alf to five year old Newstalgs.
It be with me Ryan Bridge. Great to have your
company this morning with sale GP coming to allcond Sorry Littleton,
where exactly will you be able to watch the action from?
Will it be from the water, Will there be stands?
Will try and figure out exactly where you want to
be to see the action. Pseudo Effangerne, the wonder drug,
(00:38):
not a zimpic, the wonder drug that makes everyone skinny,
but pseudo effandrine, the one that makes your nose stop running,
is selling like hotcakes. Apparently some stores have even sold
out of pseudo efandrine. We'll talk about that later on
the program. Why you could save five thousand dollars on
a new ute by twenty twenty seven and it is
(00:59):
ocr day today. Any relief in sight for homeowners? Spoiler alert? No,
but we will ask wes Pack because ASB is saying
that they think there'll be a rate cut this year,
what does wes Pac think we'll ask them just before
the top of the show a top of the hour
at six o'clock. Right now it is five oh seven
(01:21):
the agenda and it's Weenesday, the tenth of July. Changes
could be on the way. For building consent inspections, they
currently have to be done in person, but the government
wants to make remote inspections. The default Building and Construction
Minister Chris penk says wait times for in person inspections
can put builds on hold. The former master Builders TV
(01:42):
executive David Kelly has confidence in the move, saying there
are already some apps available.
Speaker 5 (01:46):
To do it.
Speaker 2 (01:47):
They have features that give some surety because the homeowners
want to make sure that it's been done well and
the councils want to make sure it's done well.
Speaker 4 (01:57):
New zellam First has taken to social media to ask
if the inter Island a ferry at a Teddy ran
aground after being put on autopilot so that someone could
go and make a coffee and they were unable to
turn it on when they returned to their seat. Kiwi
Rail Note hasn't denied this account, though they do say
that there are a regulated number of people on board
(02:20):
at the bridge at the time of the grounding, and
Maritime New Zealand says conjecture is unhelpful while investigations are
taking place. Yet that is not a no from Kiwi Rail,
I want to point out. And also, would someone make
the captain a coffee for goodness sex a report from
the New Zealand Initiative. The think tank is proposing to
(02:40):
replace the fuel excise duty system. It says a smart
road user charge could distribute costs in a fair away
and help reduce congestion. Under the proposal, vehicles would be
charged on actual road usage based on the time of
day and the type of vehicle. The lead author, Matthew Virtual,
says the system would be rolled out over five years,
starting with new vehicles.
Speaker 6 (03:00):
The costs that we pay are not linked to our
road yere in a precise way, so shifting away from
a blunt fuel tax towards the road user charge system
makes sense.
Speaker 4 (03:11):
And you would have heard this in the news already
with Andrew, but here we Tennis star Lulu Sun has
lost her quarterfinal match at Wimbledon against Croatias at Donna
becketch Son lost the three set battle five seven, six,
four six one. I saw a good headline well, and
wasn't a good headline for her, I suppose. But the
headline was sun goes down at Wimbledon. It's just gone
(03:34):
now nine minutes after five.
Speaker 2 (03:37):
Ryan Bridge New for twenty twenty four on early edition
with Smith City, New Zealand's furniture beds at a playing store.
Speaker 1 (03:45):
News dog ZIB.
Speaker 4 (03:46):
Also happening overnight. Boeing can't seem to catch break. Remember
we spoke about them yesterday. The four hundred million dollar
New Zealand million dollar fine that they received. They're almost
too big to prosecute. I think Boeing, that's what we
got to the of the gist of what we got
to yesterday. Because of the seven three seven Max crashes
that they experienced, they had a fine that they had
(04:08):
to pay. They were undergoing some monitoring from aviation authorities.
That monitoring didn't happen as it should have, so there's
another fine. I mean it goes on and now they've
lost a wheel again. This is a United Airlines flight.
The jet lost the main landing gear wheel while taking
off from Los Angeles. It was off to Denver. There
(04:29):
were one hundred and seventy four passengers on board, seven
crew members. No injuries on the ground or in the ear,
and they said, and they loved this from Boeing. The
wheel has been recovered in Los Angeles. Check your backyards, people, Biden.
Let's go to Washington, DC because Biden big day for him, well,
(04:50):
a big couple of days. Actually, he's going to have
three days of meetings and then he's going to have
a solo press conference on Thursday. So when you wake
up and listen to Early Edition on Friday morning, you
can bet your bottom dollar that we will bring you
the latest on that because he's going to have to
answer questions live in real time from heckling, naggy, little
pesky reporters, and he's not going to be able to
(05:13):
go away and hide or sleep. Actually, there was a
report out this morning that when he was at the
g seventh summit in Europe recently in June, he missed
a meeting with the German Chancellor Olif Schultz because he
had to go to bed. Everyone needs to sleep, I guess. Anyway,
Biden is older than NATO. Did you know the meeting
(05:33):
that is happening in Washington, DC. So they're going to
whelhim out. They'll put his sunglasses on and hopefully they
will prove that he can eat soup without dribbling. But
the world we will be watching closely, and there's a
good reason for that. There are serious implications to whether
Biden is or isn't the leader of the United States.
(05:54):
You know, not only does it affecting things like the markets,
but you know what would a Trump presence mean for
the support for Ukraine and the emphatic support that Biden
has shown. So for an organization like NATO, these are
very important questions, and whether the guy sitting in the
chair is falling asleep or not is quite foundational to
(06:16):
the business that they are actually there to discuss, which
is all of course quite serious, not to mention the
fact that Sweden and Finland invented NATO and they'll be
there as well. So a lot to get through, and
very quickly. Just so you know that the detail that
these reporters are going to be looking at seeing N's
report says every step that Biden takes, every gesture that
(06:37):
he makes, every word that he utters, will be under
intense scrutiny for four days. It's thirteen minutes after five
now coming up next, Why you could save five grand
off a ute by twenty twenty seven.
Speaker 2 (06:51):
The first word on the News of the Day Early
edition with Ryan Bridge and Smith City, New Zealand's furniture
beds and a playing store, New.
Speaker 4 (06:59):
Store, welcome back. It has just gone quarter past five
here on News Talk sai'd be I don't mind a
g string at a swimming pool personally. We'll talk about
that later on Right now though, for your ute, the
Clean Car Importer standards are set to be lowered to
align with Australia's emission standards. The adjustments will see a
softening of the CO two targets for commercial vehicles, including utes.
(07:22):
The Clean Car standard penalties as they stand, we'd see
people paying an extra five and a half thousand dollars
when purchasing certain types of vehicles by twenty twenty seven,
so that money could be saved. Kirsten Colson is the
chair of Drive Electric and is with me this morning.
A Kirston, good morning to you. I won't ask about
the g strings at the pools, but we will ask
(07:44):
about about the utes. Is this heading in the right
direction or the wrong direction? Look?
Speaker 7 (07:49):
What's heading in the wrong direction. It's really clear already
from the data that the emission standards of our vehicles
in New Zealand have increased in twenty three so we're
heading in the wrong direction completely.
Speaker 4 (08:02):
Why should we be doing any better than Australia.
Speaker 7 (08:06):
Well, this legislation is set to align with Australia, but
actually it doesn't. Australia have got penalties that are a
lot tougher the New Zealand and Australia also has federal
and state incentives at in every state in Australia, so
it's much more appealing to go EV in Australia than
(08:27):
it is in New Zealand.
Speaker 4 (08:28):
What's their uptake? Because we're what two percent of our fleet?
Are we still about we're.
Speaker 7 (08:34):
Two percent and if you look at last year, we
were sitting at around twenty seven percent of new cow
sales we're electric and this year we've gone down to
eight percent. If we look I guess at our really
big trading partners where we've got fair trade agreements, China
is looking at forty five percent new cow sales are electric,
(08:55):
Europe's looking at twenty five percent and the US as
looking at eleven percent. So you know, we've got trading
agreements where we've got a commitment to decabinze and those
partners are decabinizing, but clearly we're not at the moment.
Speaker 4 (09:11):
Okay, So you would like to see this, You would
like to see the government basically reverse this. You want
to see I mean, the Ford range is still is
that still a most popular vehicle sold vehicle? It was
for a few years. They're running Kiwis obviously like buying them,
and there's a cost of living crisis. So isn't there
a you know, isn't there an argument to take the
(09:32):
of the accelerator accelerator a little bit?
Speaker 7 (09:35):
Look, if the government was truly serious about saving Kiwi's money,
they would be supporting them to get into evs. And
the reason being Ryan, if you charged your EV at
home overnight, off peak, you'd be paying around two dollars
per one hundred kilometers. If you're paying for petrol on
a six point nine liter vehicle, you're paying around twenty
(09:55):
dollars per one hundred kilometers. So absolutely there is a cost.
Speaker 4 (10:00):
Love you, the road user charge will change, will take
care of that, won't it?
Speaker 7 (10:05):
No road user charges. We're still paying twenty three percent
more than a petrol vehicle and EV but still over
a total cost of ownership model evs are still substantially cheaper.
Speaker 4 (10:17):
All right, we will leave it there, Kirston, thank you
very much for your time. Kirston Causon, the chair of
Drive Electric, responding to news there that the clean car
and porter standards are set to be lowered. They will
be aligned with Australia, though as Kirston has pointed out,
there are other differences in that equation too. It is
nineteen minutes after five.
Speaker 2 (10:37):
Get ahead of the headlines, Ryan Bridge New for twenty
twenty four on early edition with Smith City, New Zealand's
furniture beds and a player store news talk zid.
Speaker 4 (10:47):
B twenty one after five. Here very quickly, it texts Ryan,
just because a Boeing aircraft has lost a wheel does
not make it a Boeing issue. It could have been
a maintenance issue with one of the companies that the
wheel change. It's like saying that Ford has more issues
when a Ford Ranger lost a wheel, but that had
just been to Firestone. So point taken, I think it
(11:09):
could be could well be him, could well have been
a maintenance issue though that notwithstanding, Boeing still has plenty
of other stuff going on to worry about but I
appreciate the text, thank you very much for that. A
nine two ninety two is the number.
Speaker 8 (11:25):
Right.
Speaker 4 (11:25):
Let's turn our attention into sale GP because it's coming
to Auckland. The schedule for racing next year has been announced,
the seasonal start and d Bay before heading to Auckland.
It follows the news that the league withdrew from a
hosting agreement that would have seen it take place in
christ Church again. Richard Gladwell is the Sale World New
Zealand editor and he's with me now. Richard, good morning
(11:45):
to you, tell you good good, thank you, great news
for Aucklanders. Anything to do with the dolphins.
Speaker 5 (11:54):
Oh well, I thanks everything to do with the dolphins.
And you know Ruth Costs comped to go down there
again after the last time. I think they just can't
losing in a whole day because someone sees the dolphins
swung around the course. So yeah, it's all to do
with that. But I think also there was also an
agreement in there in place that Auckland would have two
(12:17):
sale GP events in four years and christ Church would
have had two. So christ Church have had the tea.
So hopefully the Ukland are about to get there. Too, right.
Speaker 4 (12:27):
Do you think the council is paying anything for this?
Is there any backhanders that go on with seldt.
Speaker 5 (12:33):
Oh no, this, I mean NB are up front about it.
You go onto their website, they've listed down for a
gathers and they say they're paying five point four million
dollar event. So I assume that the Auckland Council isn't
paying anything. However, they will be paying, you know, in
kind for a lot of things. And they after that announcement,
(12:57):
they've come out and said that they're looking at what
point which is the venue that caused all the cafuffle
last time. So hopefully everyone's got their ducks on a
row of that.
Speaker 4 (13:08):
That's right. So where will we watch it from? Can
we watch it because that was the problem last time?
Speaker 5 (13:14):
Well, yeah, there's plenty of I mean I haven't been
a Winyard Point lately, but when I was last year,
they still had it, you know, getting those gases out
of the ground and releasing those from the stalled fuel
tanks and substance tanks. So people will be down there
on Winyard Point. There's plenty of advantage places around west
(13:34):
Haven and that sort of thing. You can also probably
watch it a bit of it from the shore from
north Cape Point. Yea such surrounded. But the other thing
to remember too is sort of mean, there's a lot
of facilities down there that were done for America's Cups
that are you know, they're open and used, but they're
they certainly don't get heavy use. So I think it'll
(13:56):
be a great vantage point down there.
Speaker 4 (13:58):
So you're confident that we've got enough infrastructure they're already
to actually host this event and to host it on time,
because I mean it's coming, It's around the corner, isn't it.
Speaker 5 (14:07):
Well, yeah, all they've got all the saying all accounts
will have to do is they've just got to essentially
put that winded point down and tarmac in the same
way that they've done it around in a team New
Zealand and further back towards the city. So once they've
got that area, they're a hard stand. The team just
comes in and puts all their support bases and that
(14:29):
sort of thing, and they're a big feature of sel
GPS what they call the Adrenaline Lounge, So that's a
real VIP hospitality area and that goes right hard on
the water's edge and then they have the boats finishing
you off that so they're so close that you can
virtually touch them. In fact, in the last two or
(14:50):
three sal Gpens events, having that finish line so close
to a seawall has caused a few kurefuffles.
Speaker 4 (14:58):
To say the least, it sounds like the place I'm
going to be down at the Adrenaline Lounge. Thank you
very much for the time this morning. Appreciate it. Exciting
news that the Sale gp is coming to Tamaki, Mikoto.
That's which are glad well with the Sale World New
Zealand magazine. It is twenty five after five back in a.
Speaker 3 (15:15):
Second separating the fact from the fiction Kid's Filly edition
with Smith City, New Zealand's Furniture Beds and Appliant Store.
Speaker 4 (15:26):
News Talk said, B right, it has just gone twenty
seven minutes after five year on news Talk said b
I'm always a little bit paranoid about what governments are
planning and what kind of taxes that they're scheming up.
And if you look at the UK, which is of
recently elected governments, one of the few that sort of
has a mandate and is actually functioning. I mean, look
at France or look at the lame duck president in
(15:47):
the United States. However, if you look at the UK
and Cares Starmer they are talking about and it is
just muffles and quiet, secret little meetings that have been
reported in the press. The potential for an inheritance fiddling
with their inheritance tax. They have one we don't. On
NAHA this show yesterday they were speaking about with Jeff
(16:08):
Nightingale about the potential for our Labour Party to introduce one.
I hate the idea of it. In the UK it's
forty percent and they paid seven out of a half
billion pounds and death duties last year, which is a
huge increase, and this is largely because property prices have
gone up and what governments all over the world are
doing is running out of money and they're running out
(16:29):
of ways to tax people, and this one's quite appealing
to a lot of them, and if you look at
the UK in particular, So the number paying death duties
is expected to jump from thirty three thousand this year
to nearly forty four thousand by the end of the
next parliament, and that is a very tempting number for
a government that needs new ways of finding revenue and
(16:52):
This is obviously the post war baby boomer generation now
approaching the average life expectancy. So look out, governments all
around the world will be looking at ways to tax
us more. I'm not saying it's going to happen here. Obviously,
there was a hint on here the show yesterday that
that labor might be planning something. I don't like the
idea of this. I think keep out of our business, please,
(17:15):
And if somebody is dying in your family, the last
thing you want to think about is the forty percent
you've got to pay to the tax man. Right We're
coming up to news after that. We are going to
talk about Pseudoe for Dream and a star blowing up
in the sky all ahead.
Speaker 2 (17:34):
On your radio and online on iHeartRadio Early edition with
Ryan Bridge and Smith City, New Zealand's Furniture Beds and
a playing Store.
Speaker 1 (17:43):
News Talk said, be, I'm trying to be romantic to
feed back.
Speaker 4 (17:57):
You don't get a test. Good morning, it's pretty four
minutes away from six o'clock here on news Talk said be,
do I even need to explain the g string story?
I don't think so. It's been everywhere. You should all
know about it by now. There is a mother who
takes her children I think they're boys, to the Todd
Energy Aquatic Center in New Plymouth and she's noticed these
(18:17):
itsy bitsy teeny winnie bikinis. I don't think bikini is
the right word for it. It is it's a G
string or a G banger as they're noomen. It's basically
just exposed, completely exposed bottom. And if they're becoming more
and more popular, more and more women, young women in particular,
are wearing them. Where are you on the G string debate?
(18:41):
Nine nine two is the number to text I personally
don't really care. I don't mind, But then I don't
have a young family, so maybe that's, you know, maybe
that's your issue. Nineteen nine two is an umber to
text ya or nay to the G string? What do
you call them? Is it just a G string? Not
a not a G banger? We wouldn't say that, okay. Well,
(19:02):
perhaps if you've got a better word for them, then
you could text that through as well. A nine two
nine two also this morning, high adheritance to Mediterranean diets.
You've heard this for years, but there's another study is
associated with a twenty three percent reduction in all cause
mortality in women. So basically, if you eat a Mediterranean diet,
you'll live longer. This is according to a report from
(19:26):
the published in the Jammer Network Open in May. It
was based on data from a study that followed twenty
five thousand women. The average age was fifty five for
twenty five years. And they emphasize in this even though
a Mediterranean diet includes seafood and fish and stuff, they
don't mention that in this article. They just say it's
plant based foods and they talk about the perils of
(19:48):
red meat. I just want to make the point to
any men listening this morning that this was a study
exclusively of women, so we can go on eating steak. Right.
It has just gone at twenty ten minutes away from
six s Bray and Bridge. We're going to our reporters
who are with us from Dunedin. We start in Ternedin
this morning with Callum Good morning morning, right.
Speaker 9 (20:11):
What have we got today, Well, we have a story
about the university's council here which has approved a new
statement saying free speech is the lifeblood of the university.
This statement says free speech enables the exploration of ideas,
the challenging of assumptions and the uncovering of truth through
open exchange and allows everyone to know better the variety
(20:33):
of beliefs, theories and opinions in the world. So the
Council from Now's agreed the university will not restrict debate
or deliberations simply because the ideas put forth the thought
by some to be offensive, unwise, immoral or wrongheaded. Activist
group the Free Speech Unions praising this wide ranging statement,
saying it is the best in the country.
Speaker 4 (20:54):
Wow, who would have thought they have to say that? Cullen,
what's the weather like today? Frosty?
Speaker 9 (21:00):
Start here for Dnedan, but find today like when's the
high twelfth?
Speaker 4 (21:03):
Thank you? Claire Sherwood is in christ Church with us
this morning. A makeover of the iconic high Street has
been completed.
Speaker 10 (21:09):
Clear sure has Ryan look. The City Council here has
labeled finishing this three stage upgrade from Hereford Street to
sint ASEIV as a milestone in our post quake recovery.
So new work actually includes a big paving design out
of Mowana paving design across the street, as well as
a cycle lane connecting those from the Heathcott Expressway to
(21:30):
the city Council's head of Transport, land At Alis, says
some wider footpaths and a ten kilometer speed them it
have also been put in place. She's hopeful this will
make the area more pedestrian friendly, given foot traffics expected
to surge when the new stadium opens in twenty twenty six.
Speaker 4 (21:47):
Weather today clear, low cloud.
Speaker 10 (21:49):
And fog about this morning, but fine spells increasing this afternoon.
At southwesterlies the highest ten the low minus two.
Speaker 4 (21:56):
Beautiful. Thank you. Let's go to Max Toll in Wellington.
The Wellington and Sign. You all know that the one
as you fly in on the plane has been hijacked. Max.
Speaker 11 (22:05):
It's the end of the world.
Speaker 5 (22:06):
Yeah.
Speaker 11 (22:07):
The iconic Wellington sign has had a banner draped over
it by climate protesters from the group three point fifty
head Or. They climbed up yesterday afternoon to the mock
Hollywood sign, hung the words and private jets over it.
You wouldn't have thought private jets would be such an
issue here, but apparently Queenstown Airport, the only airport in
the country that releases such data, says about five hundred
(22:29):
private jets landed there last year. This group wants them
taxed and phased out. This protest far less disruptive than
previous environmental ones we've had in the capitol lately. Worth
noting as well, it's been a year now since the
Wellington sign had a football installed to replace the O
for the Women's World Cup. The council hasn't apparently had
(22:49):
a chance to revert it back. Let's see how long
they take to take the banner down.
Speaker 4 (22:53):
I did notice that football is still there.
Speaker 11 (22:56):
Maybe it's a permanent thing.
Speaker 4 (22:57):
Perhaps they just got well, it's probably cheaper just to
leave it there, isn't it. How's the weather today?
Speaker 11 (23:01):
Max should be partly cloudy, Northerlys twelve in the city.
Speaker 4 (23:05):
Thank you. And in Auckland, the beautiful never Ready Mino
was with us this morning.
Speaker 12 (23:10):
Thank you.
Speaker 4 (23:10):
We pay you to say that sponsor the biggest choral
music event New Zealand has ever hosted. Kicks off tonight
Spark Arena.
Speaker 12 (23:18):
This is like amazing. Look there's eleven thousand singers from
more than forty countries in Auckland. Now this is the
thirteenth World Choir Games. Can you believe it?
Speaker 4 (23:29):
So?
Speaker 12 (23:29):
The government's put seven million dollars towards the event. They
reckon that this event's going to generate more than ten
million dollars in GDP. Also, you know, like sixty seven
thousand visitor nights in the region, so it's great for
the whole country. And you look like you're a bit
of a singer, No are you not? Oh you can't
do a juwet then.
Speaker 4 (23:48):
Well you can do it on your own.
Speaker 12 (23:50):
I suppose I could because we were just talking about
it in the news or were just about who was
in a school choir and I was in primary school
and intermediates were you?
Speaker 4 (23:59):
We did make the nationals give us give us a
little taste.
Speaker 12 (24:02):
Well, my god, really, well, you see if I parent,
I send combo on Friday, and after that, on early edition,
I was told never to sing again.
Speaker 4 (24:11):
Komba ya.
Speaker 12 (24:14):
Another head and tell it.
Speaker 4 (24:15):
You can go and watch the coral quiet, Well you
can go and join in. Hey, what would you call
it a juice string at the swimming pool?
Speaker 3 (24:22):
Oh?
Speaker 5 (24:22):
Yes?
Speaker 4 (24:23):
Inappropriate? Yeah?
Speaker 12 (24:25):
Well yeah, I mean I got it is really, you know,
I can see too much with you, you know, when
you've got the families there and little children running around,
Unless you go, there's got to be an adult swimming pool,
do you think, Yeah, get it all.
Speaker 4 (24:39):
Yeah, yeah, I think you might be right. The weather, yes,
what about.
Speaker 12 (24:43):
You are the host? Fine sixties a high here in Auckland.
Speaker 3 (24:49):
I'll go on.
Speaker 4 (24:50):
You saved me never because the other day I forgot there.
We go, So it is not bikini weather today. Seventeen
minutes away from six. We're back in a second. We
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Speaker 2 (26:14):
Inset International Correspondence with Insigneye Insurance Peace of Mind for
New Zealand business.
Speaker 4 (26:22):
Now you can You're correspondent. Gavin Gray is with us
this morning. Gavin, good morning. The US is meddling in
the UK's justice system.
Speaker 13 (26:32):
Yeah, good mind you Ryan. This will seem extraordinary to
some listeners, but the US government has blocked a British
court hearing from taking place on a British territory. It
does sound utterly bizarre, but we're talking here about a
British Indian Ocean territory, an island called Diego Garcia. Now
it's got a long complicated history, but it is British
(26:55):
it took control of the Chagos Islands that was part
of Mauritius back in nineteen sixty five, and then went
on to evict the population of more than a thousand
people to make way from military base. And it's the
military base which, yes, you guessed it is now American,
and which the Americans object to this court hearing. The
court hearing is all about some migrants trying to make
(27:17):
it to Canada and they're on the island at the moment.
It was due to be a court in a British court,
but the Americans said, oh, no, you darn't. We don't
actually think it's a good idea to have members of
the press here. We don't think it's a good idea
for all these lawyers to fly in. And because America
runs all the accommodation, the food and the transport, they
(27:37):
are quite simply able to say you're not coming on
the island. As I said, it's complicated, but it seems
an extraordinary state of play.
Speaker 4 (27:45):
It certainly does. What about this investigation into the French
fire right, the national rally over allegations of inappropriate financing.
Speaker 13 (27:55):
Yes, so this is all aimed at Marine La Penn
She is the leader of the National Rally Party, the
far right party in France that did so well in
the National Assembly elections just finished though did not get
a majority. But prosecutors in Paris and now saying they're
looking to allegations of embezzlement, forgery and fraud and this
(28:16):
was all over her attempt to become president back in
twenty twenty two. Now for some they're thinking, hang on
a minute, is this because they're trying to scuffer her
popularity because she did very well in these elections. But
the authorities say no, this is all about the fact
she's received loans in the past from Russia and Hungarian banks.
The Russian loan was worth some eighteen million New Zealand dollars,
(28:39):
but that was all paid back last year. So the
investigations will go on and this particular court will judge
her and twenty four other party members in September. And
just briefly round before you go. Sad news for New
Zealand's Lulu sun Rang. I'm afraid a good campaign in
Winwood and Tennis, but knocked out by the crow at
Donna Vikisch This morning. Our time caught number one with
(29:01):
the roof on we've had terrible weather. Having knocked out
Britain's Emmarada Khana in the fourth round, she was hoping
to become the first qualifier to reach the women's semi
final since nineteen ninety nine. I'm afraid it wasn't to be.
She got beaten five seven six four six one.
Speaker 4 (29:16):
Kevin Gray, our UK europe correspondent. She'll be back, don't
worry about that. It is turned away from sex Ranbridge
and we're going down to Kelly Echold, who is with
us from Westpac, the chief economist there. Kelly, good morning.
It is ocr day today. We're expecting it to be
held at five and a half percent. But what are
we looking for in terms of language from the Reserve
(29:37):
Bank today.
Speaker 8 (29:38):
Well, today we think the Reserve Bank's going to keep
it pretty tight here. They educated back in May that
they sought interestraights. You have to remain restrictive for a
protracted period to get inflation down, So not very much
has changed them, might suspect. So I think it's going
to be pretty short and sweet. Perhaps some hint that
(29:59):
the economy has turned down a little bit based off
some of the indicators have seen since.
Speaker 4 (30:04):
May, and banks like asb are predicting that there'll be
a cut in November, Westpac saying, now you still think
early next year? Is that still your view? Could that
change today?
Speaker 8 (30:15):
Don't think it all changed today and it is still view.
The challenge thing for the Reserve Bank is that they
really need to see some runs on board here with
respect to getting that inflation rate down within their target range.
Plation's running at four percent, it's twice the target. And
whilst we're all hoping that there'll be some interest rate
(30:36):
relief sometime soon, the reality is that inflation won't go
where by itself. It's it's going to require that period
of tight conditions, flat economic activity so that we can
actually get to where things have been forecasted.
Speaker 4 (30:51):
What about this issue of non tradable inflation that keeps
wearing its head that that actually the Reserve Bank's blunt
tool isn't working for for things like council rate increases.
Speaker 8 (31:02):
Et cetera. Yeah, well, it takes a bit of time,
I think for some of these things to happen. I
mean the particular issues I guess that the council rates
and also the insurance charges as well. You know, the
typical lags on those things are a little bit longer,
and that's why we've been sitting here with these interest
rates for a relatively long period of time compared to
(31:24):
previous cycles. But the fact that the economy has responded
to interest rates gives you confidence that is going to
have an impact. But it's just going to take time.
And it's that message of the time required to happen
to keep interest rates at this level is the key
message that the Reserve Bank has really been telling us.
Speaker 4 (31:44):
All right, so we've looked for the language today, but
it will be around the edges. Kelly E called the
Westpac chief economists with us this morning. That decision, by
the way, d'out at two pm. It is seven away
from six now. Lots of your feedback coming in on
what exactly you call a g string if it's worn
in a swimming pool, but also on how appropriate it
(32:04):
is after this woman in New Plymouth, a mother of three,
i should say, and New Plymouth has started a petition
to ban them. That's all ahead News and.
Speaker 2 (32:12):
Views you trust to start your day is early edition
with Ryan Bridge and Smith City, New Zealand's Furniture Beds
and a flying Store.
Speaker 3 (32:20):
News talk said be.
Speaker 4 (32:22):
Good morning to you. Five away from six. Now, we
have lots of feedback this morning on a lot of
important issues, including the OCR announcement today, but also the
you know what you call a g string in a
swimming pool because of the petition that is doing the
rounds in the media at the moment. Some yeah, probably
most of them. I can't read out, can I. I'm
(32:42):
just looking across at people who are higher up here
than me. Bumfloss, someone says, an eye patch. Yeah, anyway,
you can imagine where that conversation went. But actually, most
of the people who have texted this morning, and thank
you very much for all of your feedback, most people say,
(33:04):
if it is a pool where there are children, if
it's a family pool, then no, just leave your your
floss at home please. Andrew Dickens is here. He's with
us after six. Good morning.
Speaker 14 (33:15):
I was put off that debate when I started hearing
Joseph PEGANI last night on Heather Allen Show, going Free
the Bomb, Free the Bum, and I went now that
this has gone too far, too far. Yeah, I've got
an opinion on it, and I don't think it's what
you expect. And I'll tell you a bit about that
bit later there we go go see our day today
as well. Did you know that we've been stuck on
the same rate for a year. Yeah, and it would
(33:35):
have been fighting inflation for two and a half years.
Speaker 4 (33:37):
Yeah, it's long, it is, but inflation is a very
hard beast to slay.
Speaker 5 (33:43):
As it is.
Speaker 7 (33:43):
It is.
Speaker 14 (33:43):
It is ITAs to be not just for the homeowners.
I mean it's the businesses I'm really fitting for right now.
Survival twenty five blah blah blah blah.
Speaker 4 (33:50):
You like, yeah, good luck?
Speaker 1 (33:52):
All right?
Speaker 4 (33:52):
That is Andrew Dickins with you after six this morning.
I will be back tomorrow morning. Thank you very much.
Keep your pants on, everybody, I'll be back tomorrowr uh.
And don't forward to seeing you then?
Speaker 5 (34:02):
Is it a sweet like your song?
Speaker 2 (34:06):
For more from News Talks at b listen live on
air or online, and keep our shows with you wherever
you go with our podcasts on iHeartRadio.
The issues, the interviews and the inside.
Speaker 2 (00:07):
Ryan Bridge new for twenty twenty four on the early
edition with Smith City, New Zealand's furniture bands and a
playing store us Dogs.
Speaker 3 (00:15):
It be good morning.
Speaker 4 (00:17):
It has just gone six alf to five year old Newstalgs.
It be with me Ryan Bridge. Great to have your
company this morning with sale GP coming to allcond Sorry Littleton,
where exactly will you be able to watch the action from?
Will it be from the water, Will there be stands?
Will try and figure out exactly where you want to
be to see the action. Pseudo Effangerne, the wonder drug,
(00:38):
not a zimpic, the wonder drug that makes everyone skinny,
but pseudo effandrine, the one that makes your nose stop running,
is selling like hotcakes. Apparently some stores have even sold
out of pseudo efandrine. We'll talk about that later on
the program. Why you could save five thousand dollars on
a new ute by twenty twenty seven and it is
(00:59):
ocr day today. Any relief in sight for homeowners? Spoiler alert? No,
but we will ask wes Pack because ASB is saying
that they think there'll be a rate cut this year,
what does wes Pac think we'll ask them just before
the top of the show a top of the hour
at six o'clock. Right now it is five oh seven
(01:21):
the agenda and it's Weenesday, the tenth of July. Changes
could be on the way. For building consent inspections, they
currently have to be done in person, but the government
wants to make remote inspections. The default Building and Construction
Minister Chris penk says wait times for in person inspections
can put builds on hold. The former master Builders TV
(01:42):
executive David Kelly has confidence in the move, saying there
are already some apps available.
Speaker 5 (01:46):
To do it.
Speaker 2 (01:47):
They have features that give some surety because the homeowners
want to make sure that it's been done well and
the councils want to make sure it's done well.
Speaker 4 (01:57):
New zellam First has taken to social media to ask
if the inter Island a ferry at a Teddy ran
aground after being put on autopilot so that someone could
go and make a coffee and they were unable to
turn it on when they returned to their seat. Kiwi
Rail Note hasn't denied this account, though they do say
that there are a regulated number of people on board
(02:20):
at the bridge at the time of the grounding, and
Maritime New Zealand says conjecture is unhelpful while investigations are
taking place. Yet that is not a no from Kiwi Rail,
I want to point out. And also, would someone make
the captain a coffee for goodness sex a report from
the New Zealand Initiative. The think tank is proposing to
(02:40):
replace the fuel excise duty system. It says a smart
road user charge could distribute costs in a fair away
and help reduce congestion. Under the proposal, vehicles would be
charged on actual road usage based on the time of
day and the type of vehicle. The lead author, Matthew Virtual,
says the system would be rolled out over five years,
starting with new vehicles.
Speaker 6 (03:00):
The costs that we pay are not linked to our
road yere in a precise way, so shifting away from
a blunt fuel tax towards the road user charge system
makes sense.
Speaker 4 (03:11):
And you would have heard this in the news already
with Andrew, but here we Tennis star Lulu Sun has
lost her quarterfinal match at Wimbledon against Croatias at Donna
becketch Son lost the three set battle five seven, six,
four six one. I saw a good headline well, and
wasn't a good headline for her, I suppose. But the
headline was sun goes down at Wimbledon. It's just gone
(03:34):
now nine minutes after five.
Speaker 2 (03:37):
Ryan Bridge New for twenty twenty four on early edition
with Smith City, New Zealand's furniture beds at a playing store.
Speaker 1 (03:45):
News dog ZIB.
Speaker 4 (03:46):
Also happening overnight. Boeing can't seem to catch break. Remember
we spoke about them yesterday. The four hundred million dollar
New Zealand million dollar fine that they received. They're almost
too big to prosecute. I think Boeing, that's what we
got to the of the gist of what we got
to yesterday. Because of the seven three seven Max crashes
that they experienced, they had a fine that they had
(04:08):
to pay. They were undergoing some monitoring from aviation authorities.
That monitoring didn't happen as it should have, so there's
another fine. I mean it goes on and now they've
lost a wheel again. This is a United Airlines flight.
The jet lost the main landing gear wheel while taking
off from Los Angeles. It was off to Denver. There
(04:29):
were one hundred and seventy four passengers on board, seven
crew members. No injuries on the ground or in the ear,
and they said, and they loved this from Boeing. The
wheel has been recovered in Los Angeles. Check your backyards, people, Biden.
Let's go to Washington, DC because Biden big day for him, well,
(04:50):
a big couple of days. Actually, he's going to have
three days of meetings and then he's going to have
a solo press conference on Thursday. So when you wake
up and listen to Early Edition on Friday morning, you
can bet your bottom dollar that we will bring you
the latest on that because he's going to have to
answer questions live in real time from heckling, naggy, little
pesky reporters, and he's not going to be able to
(05:13):
go away and hide or sleep. Actually, there was a
report out this morning that when he was at the
g seventh summit in Europe recently in June, he missed
a meeting with the German Chancellor Olif Schultz because he
had to go to bed. Everyone needs to sleep, I guess. Anyway,
Biden is older than NATO. Did you know the meeting
(05:33):
that is happening in Washington, DC. So they're going to
whelhim out. They'll put his sunglasses on and hopefully they
will prove that he can eat soup without dribbling. But
the world we will be watching closely, and there's a
good reason for that. There are serious implications to whether
Biden is or isn't the leader of the United States.
(05:54):
You know, not only does it affecting things like the markets,
but you know what would a Trump presence mean for
the support for Ukraine and the emphatic support that Biden
has shown. So for an organization like NATO, these are
very important questions, and whether the guy sitting in the
chair is falling asleep or not is quite foundational to
(06:16):
the business that they are actually there to discuss, which
is all of course quite serious, not to mention the
fact that Sweden and Finland invented NATO and they'll be
there as well. So a lot to get through, and
very quickly. Just so you know that the detail that
these reporters are going to be looking at seeing N's
report says every step that Biden takes, every gesture that
(06:37):
he makes, every word that he utters, will be under
intense scrutiny for four days. It's thirteen minutes after five
now coming up next, Why you could save five grand
off a ute by twenty twenty seven.
Speaker 2 (06:51):
The first word on the News of the Day Early
edition with Ryan Bridge and Smith City, New Zealand's furniture
beds and a playing store, New.
Speaker 4 (06:59):
Store, welcome back. It has just gone quarter past five
here on News Talk sai'd be I don't mind a
g string at a swimming pool personally. We'll talk about
that later on Right now though, for your ute, the
Clean Car Importer standards are set to be lowered to
align with Australia's emission standards. The adjustments will see a
softening of the CO two targets for commercial vehicles, including utes.
(07:22):
The Clean Car standard penalties as they stand, we'd see
people paying an extra five and a half thousand dollars
when purchasing certain types of vehicles by twenty twenty seven,
so that money could be saved. Kirsten Colson is the
chair of Drive Electric and is with me this morning.
A Kirston, good morning to you. I won't ask about
the g strings at the pools, but we will ask
(07:44):
about about the utes. Is this heading in the right
direction or the wrong direction? Look?
Speaker 7 (07:49):
What's heading in the wrong direction. It's really clear already
from the data that the emission standards of our vehicles
in New Zealand have increased in twenty three so we're
heading in the wrong direction completely.
Speaker 4 (08:02):
Why should we be doing any better than Australia.
Speaker 7 (08:06):
Well, this legislation is set to align with Australia, but
actually it doesn't. Australia have got penalties that are a
lot tougher the New Zealand and Australia also has federal
and state incentives at in every state in Australia, so
it's much more appealing to go EV in Australia than
(08:27):
it is in New Zealand.
Speaker 4 (08:28):
What's their uptake? Because we're what two percent of our fleet?
Are we still about we're.
Speaker 7 (08:34):
Two percent and if you look at last year, we
were sitting at around twenty seven percent of new cow
sales we're electric and this year we've gone down to
eight percent. If we look I guess at our really
big trading partners where we've got fair trade agreements, China
is looking at forty five percent new cow sales are electric,
(08:55):
Europe's looking at twenty five percent and the US as
looking at eleven percent. So you know, we've got trading
agreements where we've got a commitment to decabinze and those
partners are decabinizing, but clearly we're not at the moment.
Speaker 4 (09:11):
Okay, So you would like to see this, You would
like to see the government basically reverse this. You want
to see I mean, the Ford range is still is
that still a most popular vehicle sold vehicle? It was
for a few years. They're running Kiwis obviously like buying them,
and there's a cost of living crisis. So isn't there
a you know, isn't there an argument to take the
(09:32):
of the accelerator accelerator a little bit?
Speaker 7 (09:35):
Look, if the government was truly serious about saving Kiwi's money,
they would be supporting them to get into evs. And
the reason being Ryan, if you charged your EV at
home overnight, off peak, you'd be paying around two dollars
per one hundred kilometers. If you're paying for petrol on
a six point nine liter vehicle, you're paying around twenty
(09:55):
dollars per one hundred kilometers. So absolutely there is a cost.
Speaker 4 (10:00):
Love you, the road user charge will change, will take
care of that, won't it?
Speaker 7 (10:05):
No road user charges. We're still paying twenty three percent
more than a petrol vehicle and EV but still over
a total cost of ownership model evs are still substantially cheaper.
Speaker 4 (10:17):
All right, we will leave it there, Kirston, thank you
very much for your time. Kirston Causon, the chair of
Drive Electric, responding to news there that the clean car
and porter standards are set to be lowered. They will
be aligned with Australia, though as Kirston has pointed out,
there are other differences in that equation too. It is
nineteen minutes after five.
Speaker 2 (10:37):
Get ahead of the headlines, Ryan Bridge New for twenty
twenty four on early edition with Smith City, New Zealand's
furniture beds and a player store news talk zid.
Speaker 4 (10:47):
B twenty one after five. Here very quickly, it texts Ryan,
just because a Boeing aircraft has lost a wheel does
not make it a Boeing issue. It could have been
a maintenance issue with one of the companies that the
wheel change. It's like saying that Ford has more issues
when a Ford Ranger lost a wheel, but that had
just been to Firestone. So point taken, I think it
(11:09):
could be could well be him, could well have been
a maintenance issue though that notwithstanding, Boeing still has plenty
of other stuff going on to worry about but I
appreciate the text, thank you very much for that. A
nine two ninety two is the number.
Speaker 8 (11:25):
Right.
Speaker 4 (11:25):
Let's turn our attention into sale GP because it's coming
to Auckland. The schedule for racing next year has been announced,
the seasonal start and d Bay before heading to Auckland.
It follows the news that the league withdrew from a
hosting agreement that would have seen it take place in
christ Church again. Richard Gladwell is the Sale World New
Zealand editor and he's with me now. Richard, good morning
(11:45):
to you, tell you good good, thank you, great news
for Aucklanders. Anything to do with the dolphins.
Speaker 5 (11:54):
Oh well, I thanks everything to do with the dolphins.
And you know Ruth Costs comped to go down there
again after the last time. I think they just can't
losing in a whole day because someone sees the dolphins
swung around the course. So yeah, it's all to do
with that. But I think also there was also an
agreement in there in place that Auckland would have two
(12:17):
sale GP events in four years and christ Church would
have had two. So christ Church have had the tea.
So hopefully the Ukland are about to get there. Too, right.
Speaker 4 (12:27):
Do you think the council is paying anything for this?
Is there any backhanders that go on with seldt.
Speaker 5 (12:33):
Oh no, this, I mean NB are up front about it.
You go onto their website, they've listed down for a
gathers and they say they're paying five point four million
dollar event. So I assume that the Auckland Council isn't
paying anything. However, they will be paying, you know, in
kind for a lot of things. And they after that announcement,
(12:57):
they've come out and said that they're looking at what
point which is the venue that caused all the cafuffle
last time. So hopefully everyone's got their ducks on a
row of that.
Speaker 4 (13:08):
That's right. So where will we watch it from? Can
we watch it because that was the problem last time?
Speaker 5 (13:14):
Well, yeah, there's plenty of I mean I haven't been
a Winyard Point lately, but when I was last year,
they still had it, you know, getting those gases out
of the ground and releasing those from the stalled fuel
tanks and substance tanks. So people will be down there
on Winyard Point. There's plenty of advantage places around west
(13:34):
Haven and that sort of thing. You can also probably
watch it a bit of it from the shore from
north Cape Point. Yea such surrounded. But the other thing
to remember too is sort of mean, there's a lot
of facilities down there that were done for America's Cups
that are you know, they're open and used, but they're
they certainly don't get heavy use. So I think it'll
(13:56):
be a great vantage point down there.
Speaker 4 (13:58):
So you're confident that we've got enough infrastructure they're already
to actually host this event and to host it on time,
because I mean it's coming, It's around the corner, isn't it.
Speaker 5 (14:07):
Well, yeah, all they've got all the saying all accounts
will have to do is they've just got to essentially
put that winded point down and tarmac in the same
way that they've done it around in a team New
Zealand and further back towards the city. So once they've
got that area, they're a hard stand. The team just
comes in and puts all their support bases and that
(14:29):
sort of thing, and they're a big feature of sel
GPS what they call the Adrenaline Lounge, So that's a
real VIP hospitality area and that goes right hard on
the water's edge and then they have the boats finishing
you off that so they're so close that you can
virtually touch them. In fact, in the last two or
(14:50):
three sal Gpens events, having that finish line so close
to a seawall has caused a few kurefuffles.
Speaker 4 (14:58):
To say the least, it sounds like the place I'm
going to be down at the Adrenaline Lounge. Thank you
very much for the time this morning. Appreciate it. Exciting
news that the Sale gp is coming to Tamaki, Mikoto.
That's which are glad well with the Sale World New
Zealand magazine. It is twenty five after five back in a.
Speaker 3 (15:15):
Second separating the fact from the fiction Kid's Filly edition
with Smith City, New Zealand's Furniture Beds and Appliant Store.
Speaker 4 (15:26):
News Talk said, B right, it has just gone twenty
seven minutes after five year on news Talk said b
I'm always a little bit paranoid about what governments are
planning and what kind of taxes that they're scheming up.
And if you look at the UK, which is of
recently elected governments, one of the few that sort of
has a mandate and is actually functioning. I mean, look
at France or look at the lame duck president in
(15:47):
the United States. However, if you look at the UK
and Cares Starmer they are talking about and it is
just muffles and quiet, secret little meetings that have been
reported in the press. The potential for an inheritance fiddling
with their inheritance tax. They have one we don't. On
NAHA this show yesterday they were speaking about with Jeff
(16:08):
Nightingale about the potential for our Labour Party to introduce one.
I hate the idea of it. In the UK it's
forty percent and they paid seven out of a half
billion pounds and death duties last year, which is a
huge increase, and this is largely because property prices have
gone up and what governments all over the world are
doing is running out of money and they're running out
(16:29):
of ways to tax people, and this one's quite appealing
to a lot of them, and if you look at
the UK in particular, So the number paying death duties
is expected to jump from thirty three thousand this year
to nearly forty four thousand by the end of the
next parliament, and that is a very tempting number for
a government that needs new ways of finding revenue and
(16:52):
This is obviously the post war baby boomer generation now
approaching the average life expectancy. So look out, governments all
around the world will be looking at ways to tax
us more. I'm not saying it's going to happen here. Obviously,
there was a hint on here the show yesterday that
that labor might be planning something. I don't like the
idea of this. I think keep out of our business, please,
(17:15):
And if somebody is dying in your family, the last
thing you want to think about is the forty percent
you've got to pay to the tax man. Right We're
coming up to news after that. We are going to
talk about Pseudoe for Dream and a star blowing up
in the sky all ahead.
Speaker 2 (17:34):
On your radio and online on iHeartRadio Early edition with
Ryan Bridge and Smith City, New Zealand's Furniture Beds and
a playing Store.
Speaker 1 (17:43):
News Talk said, be, I'm trying to be romantic to
feed back.
Speaker 4 (17:57):
You don't get a test. Good morning, it's pretty four
minutes away from six o'clock here on news Talk said be,
do I even need to explain the g string story?
I don't think so. It's been everywhere. You should all
know about it by now. There is a mother who
takes her children I think they're boys, to the Todd
Energy Aquatic Center in New Plymouth and she's noticed these
(18:17):
itsy bitsy teeny winnie bikinis. I don't think bikini is
the right word for it. It is it's a G
string or a G banger as they're noomen. It's basically
just exposed, completely exposed bottom. And if they're becoming more
and more popular, more and more women, young women in particular,
are wearing them. Where are you on the G string debate?
(18:41):
Nine nine two is the number to text I personally
don't really care. I don't mind, But then I don't
have a young family, so maybe that's, you know, maybe
that's your issue. Nineteen nine two is an umber to
text ya or nay to the G string? What do
you call them? Is it just a G string? Not
a not a G banger? We wouldn't say that, okay. Well,
(19:02):
perhaps if you've got a better word for them, then
you could text that through as well. A nine two
nine two also this morning, high adheritance to Mediterranean diets.
You've heard this for years, but there's another study is
associated with a twenty three percent reduction in all cause
mortality in women. So basically, if you eat a Mediterranean diet,
you'll live longer. This is according to a report from
(19:26):
the published in the Jammer Network Open in May. It
was based on data from a study that followed twenty
five thousand women. The average age was fifty five for
twenty five years. And they emphasize in this even though
a Mediterranean diet includes seafood and fish and stuff, they
don't mention that in this article. They just say it's
plant based foods and they talk about the perils of
(19:48):
red meat. I just want to make the point to
any men listening this morning that this was a study
exclusively of women, so we can go on eating steak. Right.
It has just gone at twenty ten minutes away from
six s Bray and Bridge. We're going to our reporters
who are with us from Dunedin. We start in Ternedin
this morning with Callum Good morning morning, right.
Speaker 9 (20:11):
What have we got today, Well, we have a story
about the university's council here which has approved a new
statement saying free speech is the lifeblood of the university.
This statement says free speech enables the exploration of ideas,
the challenging of assumptions and the uncovering of truth through
open exchange and allows everyone to know better the variety
(20:33):
of beliefs, theories and opinions in the world. So the
Council from Now's agreed the university will not restrict debate
or deliberations simply because the ideas put forth the thought
by some to be offensive, unwise, immoral or wrongheaded. Activist
group the Free Speech Unions praising this wide ranging statement,
saying it is the best in the country.
Speaker 4 (20:54):
Wow, who would have thought they have to say that? Cullen,
what's the weather like today? Frosty?
Speaker 9 (21:00):
Start here for Dnedan, but find today like when's the
high twelfth?
Speaker 4 (21:03):
Thank you? Claire Sherwood is in christ Church with us
this morning. A makeover of the iconic high Street has
been completed.
Speaker 10 (21:09):
Clear sure has Ryan look. The City Council here has
labeled finishing this three stage upgrade from Hereford Street to
sint ASEIV as a milestone in our post quake recovery.
So new work actually includes a big paving design out
of Mowana paving design across the street, as well as
a cycle lane connecting those from the Heathcott Expressway to
(21:30):
the city Council's head of Transport, land At Alis, says
some wider footpaths and a ten kilometer speed them it
have also been put in place. She's hopeful this will
make the area more pedestrian friendly, given foot traffics expected
to surge when the new stadium opens in twenty twenty six.
Speaker 4 (21:47):
Weather today clear, low cloud.
Speaker 10 (21:49):
And fog about this morning, but fine spells increasing this afternoon.
At southwesterlies the highest ten the low minus two.
Speaker 4 (21:56):
Beautiful. Thank you. Let's go to Max Toll in Wellington.
The Wellington and Sign. You all know that the one
as you fly in on the plane has been hijacked. Max.
Speaker 11 (22:05):
It's the end of the world.
Speaker 5 (22:06):
Yeah.
Speaker 11 (22:07):
The iconic Wellington sign has had a banner draped over
it by climate protesters from the group three point fifty
head Or. They climbed up yesterday afternoon to the mock
Hollywood sign, hung the words and private jets over it.
You wouldn't have thought private jets would be such an
issue here, but apparently Queenstown Airport, the only airport in
the country that releases such data, says about five hundred
(22:29):
private jets landed there last year. This group wants them
taxed and phased out. This protest far less disruptive than
previous environmental ones we've had in the capitol lately. Worth
noting as well, it's been a year now since the
Wellington sign had a football installed to replace the O
for the Women's World Cup. The council hasn't apparently had
(22:49):
a chance to revert it back. Let's see how long
they take to take the banner down.
Speaker 4 (22:53):
I did notice that football is still there.
Speaker 11 (22:56):
Maybe it's a permanent thing.
Speaker 4 (22:57):
Perhaps they just got well, it's probably cheaper just to
leave it there, isn't it. How's the weather today?
Speaker 11 (23:01):
Max should be partly cloudy, Northerlys twelve in the city.
Speaker 4 (23:05):
Thank you. And in Auckland, the beautiful never Ready Mino
was with us this morning.
Speaker 12 (23:10):
Thank you.
Speaker 4 (23:10):
We pay you to say that sponsor the biggest choral
music event New Zealand has ever hosted. Kicks off tonight
Spark Arena.
Speaker 12 (23:18):
This is like amazing. Look there's eleven thousand singers from
more than forty countries in Auckland. Now this is the
thirteenth World Choir Games. Can you believe it?
Speaker 4 (23:29):
So?
Speaker 12 (23:29):
The government's put seven million dollars towards the event. They
reckon that this event's going to generate more than ten
million dollars in GDP. Also, you know, like sixty seven
thousand visitor nights in the region, so it's great for
the whole country. And you look like you're a bit
of a singer, No are you not? Oh you can't
do a juwet then.
Speaker 4 (23:48):
Well you can do it on your own.
Speaker 12 (23:50):
I suppose I could because we were just talking about
it in the news or were just about who was
in a school choir and I was in primary school
and intermediates were you?
Speaker 4 (23:59):
We did make the nationals give us give us a
little taste.
Speaker 12 (24:02):
Well, my god, really, well, you see if I parent,
I send combo on Friday, and after that, on early edition,
I was told never to sing again.
Speaker 4 (24:11):
Komba ya.
Speaker 12 (24:14):
Another head and tell it.
Speaker 4 (24:15):
You can go and watch the coral quiet, Well you
can go and join in. Hey, what would you call
it a juice string at the swimming pool?
Speaker 3 (24:22):
Oh?
Speaker 5 (24:22):
Yes?
Speaker 4 (24:23):
Inappropriate? Yeah?
Speaker 12 (24:25):
Well yeah, I mean I got it is really, you know,
I can see too much with you, you know, when
you've got the families there and little children running around,
Unless you go, there's got to be an adult swimming pool,
do you think, Yeah, get it all.
Speaker 4 (24:39):
Yeah, yeah, I think you might be right. The weather, yes,
what about.
Speaker 12 (24:43):
You are the host? Fine sixties a high here in Auckland.
Speaker 3 (24:49):
I'll go on.
Speaker 4 (24:50):
You saved me never because the other day I forgot there.
We go, So it is not bikini weather today. Seventeen
minutes away from six. We're back in a second. We
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Speaker 2 (26:14):
Inset International Correspondence with Insigneye Insurance Peace of Mind for
New Zealand business.
Speaker 4 (26:22):
Now you can You're correspondent. Gavin Gray is with us
this morning. Gavin, good morning. The US is meddling in
the UK's justice system.
Speaker 13 (26:32):
Yeah, good mind you Ryan. This will seem extraordinary to
some listeners, but the US government has blocked a British
court hearing from taking place on a British territory. It
does sound utterly bizarre, but we're talking here about a
British Indian Ocean territory, an island called Diego Garcia. Now
it's got a long complicated history, but it is British
(26:55):
it took control of the Chagos Islands that was part
of Mauritius back in nineteen sixty five, and then went
on to evict the population of more than a thousand
people to make way from military base. And it's the
military base which, yes, you guessed it is now American,
and which the Americans object to this court hearing. The
court hearing is all about some migrants trying to make
(27:17):
it to Canada and they're on the island at the moment.
It was due to be a court in a British court,
but the Americans said, oh, no, you darn't. We don't
actually think it's a good idea to have members of
the press here. We don't think it's a good idea
for all these lawyers to fly in. And because America
runs all the accommodation, the food and the transport, they
(27:37):
are quite simply able to say you're not coming on
the island. As I said, it's complicated, but it seems
an extraordinary state of play.
Speaker 4 (27:45):
It certainly does. What about this investigation into the French
fire right, the national rally over allegations of inappropriate financing.
Speaker 13 (27:55):
Yes, so this is all aimed at Marine La Penn
She is the leader of the National Rally Party, the
far right party in France that did so well in
the National Assembly elections just finished though did not get
a majority. But prosecutors in Paris and now saying they're
looking to allegations of embezzlement, forgery and fraud and this
(28:16):
was all over her attempt to become president back in
twenty twenty two. Now for some they're thinking, hang on
a minute, is this because they're trying to scuffer her
popularity because she did very well in these elections. But
the authorities say no, this is all about the fact
she's received loans in the past from Russia and Hungarian banks.
The Russian loan was worth some eighteen million New Zealand dollars,
(28:39):
but that was all paid back last year. So the
investigations will go on and this particular court will judge
her and twenty four other party members in September. And
just briefly round before you go. Sad news for New
Zealand's Lulu sun Rang. I'm afraid a good campaign in
Winwood and Tennis, but knocked out by the crow at
Donna Vikisch This morning. Our time caught number one with
(29:01):
the roof on we've had terrible weather. Having knocked out
Britain's Emmarada Khana in the fourth round, she was hoping
to become the first qualifier to reach the women's semi
final since nineteen ninety nine. I'm afraid it wasn't to be.
She got beaten five seven six four six one.
Speaker 4 (29:16):
Kevin Gray, our UK europe correspondent. She'll be back, don't
worry about that. It is turned away from sex Ranbridge
and we're going down to Kelly Echold, who is with
us from Westpac, the chief economist there. Kelly, good morning.
It is ocr day today. We're expecting it to be
held at five and a half percent. But what are
we looking for in terms of language from the Reserve
(29:37):
Bank today.
Speaker 8 (29:38):
Well, today we think the Reserve Bank's going to keep
it pretty tight here. They educated back in May that
they sought interestraights. You have to remain restrictive for a
protracted period to get inflation down, So not very much
has changed them, might suspect. So I think it's going
to be pretty short and sweet. Perhaps some hint that
(29:59):
the economy has turned down a little bit based off
some of the indicators have seen since.
Speaker 4 (30:04):
May, and banks like asb are predicting that there'll be
a cut in November, Westpac saying, now you still think
early next year? Is that still your view? Could that
change today?
Speaker 8 (30:15):
Don't think it all changed today and it is still view.
The challenge thing for the Reserve Bank is that they
really need to see some runs on board here with
respect to getting that inflation rate down within their target range.
Plation's running at four percent, it's twice the target. And
whilst we're all hoping that there'll be some interest rate
(30:36):
relief sometime soon, the reality is that inflation won't go
where by itself. It's it's going to require that period
of tight conditions, flat economic activity so that we can
actually get to where things have been forecasted.
Speaker 4 (30:51):
What about this issue of non tradable inflation that keeps
wearing its head that that actually the Reserve Bank's blunt
tool isn't working for for things like council rate increases.
Speaker 8 (31:02):
Et cetera. Yeah, well, it takes a bit of time,
I think for some of these things to happen. I
mean the particular issues I guess that the council rates
and also the insurance charges as well. You know, the
typical lags on those things are a little bit longer,
and that's why we've been sitting here with these interest
rates for a relatively long period of time compared to
(31:24):
previous cycles. But the fact that the economy has responded
to interest rates gives you confidence that is going to
have an impact. But it's just going to take time.
And it's that message of the time required to happen
to keep interest rates at this level is the key
message that the Reserve Bank has really been telling us.
Speaker 4 (31:44):
All right, so we've looked for the language today, but
it will be around the edges. Kelly E called the
Westpac chief economists with us this morning. That decision, by
the way, d'out at two pm. It is seven away
from six now. Lots of your feedback coming in on
what exactly you call a g string if it's worn
in a swimming pool, but also on how appropriate it
(32:04):
is after this woman in New Plymouth, a mother of three,
i should say, and New Plymouth has started a petition
to ban them. That's all ahead News and.
Speaker 2 (32:12):
Views you trust to start your day is early edition
with Ryan Bridge and Smith City, New Zealand's Furniture Beds
and a flying Store.
Speaker 3 (32:20):
News talk said be.
Speaker 4 (32:22):
Good morning to you. Five away from six. Now, we
have lots of feedback this morning on a lot of
important issues, including the OCR announcement today, but also the
you know what you call a g string in a
swimming pool because of the petition that is doing the
rounds in the media at the moment. Some yeah, probably
most of them. I can't read out, can I. I'm
(32:42):
just looking across at people who are higher up here
than me. Bumfloss, someone says, an eye patch. Yeah, anyway,
you can imagine where that conversation went. But actually, most
of the people who have texted this morning, and thank
you very much for all of your feedback, most people say,
(33:04):
if it is a pool where there are children, if
it's a family pool, then no, just leave your your
floss at home please. Andrew Dickens is here. He's with
us after six. Good morning.
Speaker 14 (33:15):
I was put off that debate when I started hearing
Joseph PEGANI last night on Heather Allen Show, going Free
the Bomb, Free the Bum, and I went now that
this has gone too far, too far. Yeah, I've got
an opinion on it, and I don't think it's what
you expect. And I'll tell you a bit about that
bit later there we go go see our day today
as well. Did you know that we've been stuck on
the same rate for a year. Yeah, and it would
(33:35):
have been fighting inflation for two and a half years.
Speaker 4 (33:37):
Yeah, it's long, it is, but inflation is a very
hard beast to slay.
Speaker 5 (33:43):
As it is.
Speaker 7 (33:43):
It is.
Speaker 14 (33:43):
It is ITAs to be not just for the homeowners.
I mean it's the businesses I'm really fitting for right now.
Survival twenty five blah blah blah blah.
Speaker 4 (33:50):
You like, yeah, good luck?
Speaker 1 (33:52):
All right?
Speaker 4 (33:52):
That is Andrew Dickins with you after six this morning.
I will be back tomorrow morning. Thank you very much.
Keep your pants on, everybody, I'll be back tomorrowr uh.
And don't forward to seeing you then?
Speaker 5 (34:02):
Is it a sweet like your song?
Speaker 2 (34:06):
For more from News Talks at b listen live on
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