March 10, 2026 • 34 mins
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Speaker 1 (00:01):
The issues, the interviews and the insight. Ryan Bridge on
earlier Ishow with one roof Love where you Live News
Talk said, be good morning.
Speaker 2 (00:10):
Great to have your company. We'll look at the COVID
JAB jobs this morning, Gavin in the UK for US
property prices right for investors out there, and we'll talk
to Air Chathams on the price of ab gas, which
is going through the roof the agenda. It is Wednesday,
the eleventh of March. Five of the Iranian soccer players,
the female soccer players have been given asylum in Australia.
Speaker 3 (00:31):
They're safe here and they should feel.
Speaker 2 (00:33):
At home here. Here's the immigration minister table.
Speaker 4 (00:36):
We realize they are in a terribly difficult situation with
the decisions that they're making.
Speaker 2 (00:42):
Let's go to the conflict in the run itself now.
Pete Higgs Sayth says today will be the most intense
of the strikes on Iran.
Speaker 1 (00:49):
Most fighters, the most bombers, the most strikes, intelligence, more
refined and better than ever.
Speaker 2 (00:57):
Iran's top security official. Meanwhile, on Air has worn Trump
be careful so that you won't get eliminated. Right. Finally,
across the ditch, Lululemon Lulu lemon Is. This is the
active were brand. If you haven't seen it, it's the
really tight tights that people wear to yoga class. Been
fined in Australia more than seven hundred thousand dollars by
(01:19):
the Communications and Media Authority for breaching spam laws. Regulated
say the company sent more than three hundred and seventy
thousand emails containing marketing content how annoying without an unsubscribe option.
This is between December of twenty four and January of
twenty five.
Speaker 1 (01:38):
Get ahead of the headlines on early edition with Ryan
Bridge and one roof Love where you Live news Talks.
Speaker 2 (01:45):
That'd be eight r five great to have your company, Ryan.
This is from Steve after watching Erica Stamford on the
news last night. It's an no brainer that she should
lead National. They would win the election hands down. Yes, Steve,
Now's not the time. Now's not the time. You can
wait and do that later. If you needed to change leaders,
if things are dire a couple of months out from
the election, you would do it. Then. You don't need
to do anything now. Although I did see did you
(02:09):
hear yesterday what John Key and Luxon spoke about?
Speaker 5 (02:14):
Yes?
Speaker 2 (02:15):
I typically yes, I did about his golf. He's playing
playing very good golf.
Speaker 6 (02:18):
Apparently.
Speaker 2 (02:21):
All right, let's move on from that COVID inquiry. I
actually don't want to talk about this either. The COVID
inquiry another one Phase two reports come out, and these
reports come out and they all say similar things. Yeah,
got good job on the whole room for improvement. I'm
just sick of talking about it now. I think, are you?
Are you sick of talking about it too. I know
(02:41):
it's important and we've talked about it a nauseum for
the past what five years, but I'm kind of I'm
kind of over it now. I've kind of done my
dash with it. You either you're in one of two camps,
aren't you. You're either in the camp of Yeah, they
did it well at the start and then they totally
cocked it up and they went too far and for
too long. And these reports don't look at everything. They
(03:04):
don't look at you know, long term school closure impacts,
long term youth crime, long term business debt. Like Yeah, sure,
GDP might bounce back, activity might bounce back, but how
much of you borrowed? Have you mortgaged the house in
your small business in the meantime, while the lockdowns were happening,
have you taken all that into account? What about the debt?
What about the ten billion dollar interest bill that we
(03:26):
have to pay as account? I mean, all these things,
and then you go another report say it's such same
thing basically as the last one. So are we that
interested anymore? The one thing that came out of it
is the JAB advice, which was for young people, and
at the time you did think, well, perfectly healthy young person,
they're far less likely to get sick from COVID and
(03:47):
they're taking the JAB and then they're taking a double dose.
Turns out the second dose may not have been that
great for them. The mocarditist thing was an issue, so
that certainly would require some answers today. But beyond that,
at do we care now? Ten after five TALKSB, What
we do care about is the price of jet fuel
(04:08):
and we will talk to Dwyane em Andy who's from
Air Chathams about this because it's not just in New
Zealand that's coppying it. It's all our regional and smaller
players too. That's next News Talks eNB.
Speaker 1 (04:18):
On your radio and online on Iheard Radio Early edition
with Ryan Bridge and one roof Love, Where You Live,
News Talks EDB, News Talks eNB.
Speaker 2 (04:28):
Time is twelve minutes after five A. Local airlines putting
out an sos to the government. Jet fuel prices have
almost doubled since the beginning of the war in Iran
air New Zealand's and strife. They're hiking international fears by
up to ninety bucks. Smaller players in trouble too. Dwayne
m Andy air Chathams CEO with me this morning. Dwayne,
good morning, yeah, very good morning. Right. How are you? Yeah,
very well, thank you. You'll be watching the price of
(04:50):
jet fuel pretty closely. Has it come back at all?
Speaker 7 (04:54):
Yeah, definitely watching a lot more than it was two
weeks ago. Yet it has come back. Just check this morning.
I think it's sitting at around eighty five dollars a
barrel for break crude. The jet fuel price that crack
spreads a little bit harder to get my hands on,
but good to see that that bring prude price dropping
at this stage.
Speaker 2 (05:14):
Do you are you putting up prices?
Speaker 7 (05:17):
Yeah, here we're following suit with the other regional and
airlines within New Zealand. We're looking at a twenty dollars
increase to our standard feares, which obviously is not going
to cover all of this escalation, but it helps a
little bit. So we did that overnight. Our team were
working on that overnight.
Speaker 2 (05:38):
Does that effect you demand? Do you think or do
people are just going to fly with you anyway and
wear it for now?
Speaker 8 (05:44):
Well?
Speaker 7 (05:44):
I hope they'll still fly with us. I think it's
quite important that they do. But that is the balance, right.
The more you put the price up, the more unaffordable
it comes, and people just don't travel, and then it's
a worse situation for an airline when that happens.
Speaker 2 (05:59):
What do you want government to do?
Speaker 7 (06:02):
Yeah, So I've been having a lot of thought about
this the last couple of days. I think the key
thing we're really asking for is just a more proactive approach. Right,
so we all know this is a really volatile situation.
It's it's changed and escalated quickly in just a matter
of days. So what I think we really want the
government to do is say, well, you know, if this
thing pushes out past the month, two months, three months,
(06:24):
what can we actually do tangibly to support regional air connectivity?
And there are a number of options to know that.
You know, I spoke recently about some of them, which
are those costs that the government may have some control
over through sos and regulatory departments. So I think it's
(06:45):
really just if you've got this ministerial committee sitting together
and you're thinking about these things, you know, have a
specific focus on aviation, and say, well, proactively, what could
we do, what could we start working on now, it's
put a mechanism in place to support these guys if
it goes longer.
Speaker 2 (07:01):
Have you had any money come through from the regional airlines,
the loans for regional airlines, the money that the government announced?
Speaker 7 (07:09):
No, No, we're working through it. So you know, it
is a process. It's there's a lot of tax payer money,
so we've got to do it promptly. So we've been
working with Carnoa and hopefully by the end of this
month the Ministerial Group will meet and make some decisions
on that.
Speaker 2 (07:25):
Dwayne, appreciate your time this morning. Drayne M and E. E.
Chatham's CEO time is quarter past five. You're on news talks.
He'd be on the timing of when is it all in?
When is the war over Trump's advisors apparently, and is
there and now so that you need an exit plan,
you need an exit strategy. And yes, say, when you
call that press conference, you kin't of thought, oh was
this it? Is he going to finally announce we're going
(07:46):
to pull out, We're going to stop bombing. They're doubling
down today. But you'd have to say the end is nigh.
Won't be long till he puts a you know, a
bush mission accomplished banner over the top of it, a
victory banner, ties a boo on it, and wraps it up,
calls it day. The Strait of Her Moors obviously is
the big question mark. And I've got a little update
for you on how much traffic is going through there,
(08:07):
according to Goldman Sacks Next News Talk, SIB Views.
Speaker 1 (08:11):
And Views you Trust to start your day, it's earlier
this ship with Ryan Bridge and one roof Love where
you Live News Talk SEDB.
Speaker 2 (08:20):
News Talk said b it is eighteen minutes after five,
So Ramco, this is Saudi Arabia's state oil company, biggest
oil company in the world. By the way. They have
warned that it could be catastrophic if the strait doesn't
open soon, which is why the straight needs to open.
They still are managing to do seventy percent of output.
That's obviously not one hundred percent of output, which is
what you would want them to be doing. But there
(08:42):
is a little uptick in traffic going through the strait
at the moment. This is a Goldman sax note that
they put out to clients overnight. The number of oil
vessels crossing the Strait was at twenty percent of pre
war levels. Now that is actually up from what they
did estimate was about ten percent. So it's one point
six million barrels a day through the strait. Normally you
would get twenty million barrels a day before the conflict.
(09:05):
The other problem you've got is actually tracking the vecal
vessels that are going through the Strait because they're turning
off their transponders, so hard to know exactly how much
is going through there. But it's fine to say not
much for now, Brian Bridge. Right, let's get to property.
House prices the most affordable they've been in a decade.
This is outside of the COVID drop. National value to
(09:26):
income ratio down to seven point two for quarter four
of twenty twenty five. That's the lowest since twenty sixteen,
the long term average is six point eight. Matt Ball
Properly Investors Federation is with us this morning. Matt, Good morning,
Good morning, Rynnie. Well, yeah, I'm very well, thank you.
Is this where we go out and buy lots of houses?
Speaker 8 (09:45):
I mean, it's still above the average long run affordability measure,
So it's great to see that. I'm come down. That's
good for New Zealand, good for young people trying to
buy a house. But it'd be nice if that dropped
down a little bit further.
Speaker 2 (09:58):
When you say good news for every yes, good news
for first time buyers. Do investors go out and buy
at a time like this? Would you know? Are they?
Speaker 8 (10:09):
This isn't the sort of measure that drives investors. And
if you look at some of the other surveys happening
at the moment, you actually see the more investors looking
to sell at the moment. So the sort of things
that will drive an investor are the numbers. If I
buy this property, can I either add value to it
or can I get a good cash flow out of it?
So is it a good long term investment? Things that
(10:33):
are making investors nervous at the moment, or obviously the election,
that's a bit tight. Things like well, I'm not am
I going to be able to rent the property? The
rental market is a bit tight at the moment, and
that's sort of bringing the affordability down to an achievable
level for some people for rents. But are rent's going
to fall further and they may do so it's biggest
(10:56):
picture of things that are concerning investors at the moment.
Also in some areas things are fine. So if you
go down the bottom of the South Island, I think
that the rental market there is much stronger and some
investors are much more active.
Speaker 2 (11:11):
How worrying is that interest deductibility thing from labor? I mean,
we've talked about this before and you know your reckonss
and maybe they'll bring back fifty percent. I mean, if
you're looking, if you're weighing up investment options, as you say,
there's a whole bunch of things you think about, But
how much of a worry or drag is that one.
Speaker 8 (11:29):
Interestedductability? And you're right, Ryan, it really does look like
Labor are going to remove it again or at least
fifty percent. It's a huge worry and just with any business,
if you suddenly couldn't deduct one of your major expenses.
That really changes the economics of it. So, yes, there
are people and I know totally and this isn't hard evidence,
(11:51):
but I know people who are selling a few properties
if they've got more than one, just to get ahead
of things, to encase the election goes Labour's way and
the factibilities removed. It is a really big concern.
Speaker 2 (12:06):
Matt, appreciate your time this morning. Thanks for being with me.
Matt Ball Property Investors Federation twenty two minutes after five,
Ray and Bridge, So in New Zealand. You know they're
in a They had it announced yesterday, suspended earnings guidance
because of the unprecedented volatility in the global jet fuel markets.
So then the question is what do they do? Do
they cut flights? Do they what do they do? Well,
(12:28):
look at Cathay Pacific and how much price increases are
happening over there, because I mean that's quite a specific
example because you have a whole bunch of particularly ossie
travelers going to the UK going to Europe connecting through
the golf. Obviously can't connect through the golf because Emirates
not really, I mean that up a little bit operating,
(12:49):
but it's limited operations, a fraction of their normal schedules.
It Hard and Kata Airways the same thing, and so
then people are going, well, let's go through Asia, let's
go through America. And Pacific is now selling seats apparently
from Sydney to London. Get wait for this, forty five
thousand dollars return for a business class seat, which is
well above what you would pay to fly on a
(13:13):
first class for Cathay Pacific. So there's obviously a real
squeeze on demand there and the prices are responding. Twenty
three minutes after five, News Talks VB.
Speaker 1 (13:23):
The early edition full show podcast on iHeartRadio Power by Newstalk.
Speaker 2 (13:28):
ZIB News Talk ZB. It is twenty five minutes after five.
Where in the world is Nickel Ravashanka. You've got a
feel a bit for the New Zealand boss, don't you.
He is in the hot seat and he is sweating.
If ever there was a poison chellice, that guy is
drinking from it. He is glugging it back. He's drowning
in it. Poor thing. They've suspended their guidance after the
(13:50):
avgas price went nuts doubled on Iran that's after announcing
that loss of sixty million dollars for the half year,
and now they're hiking prices apparently this is according to
stuff up to ninety dollars on international fares and reportedly
reportedly because they haven't confirmed this yet, looking at cutting
some roots as well, looking at cutting some costs. On
(14:12):
top of that, you got David Seymour barking loudly about
selling half of you off. His problems and this is
the problem with all the New Zealand bosses are financial.
The implications very political. You know, it is the national carrier,
after all, it's up there with the PM, it's up
there with the all Blacks coach at NZR in terms
(14:34):
of profile and criticism in New Zealand. But when the
going gets tough, you got to front. If an inz
X update of the kind that we saw yesterday was
put out by the CEO of a company not half
owned by voters, then you'd probably get away with no
public interviews. Talked to some shareholders, but that is not
the case for Air New Zealand. I spoke to Greg
Fourhan the other day, another in New Zealand boss, who
(14:55):
timed his landing into the job quite terribly COVID and
thanked him at the end, I said thank you for
always because he did. He would always front up to
the public as far as I can remember anyway, never
really felt irked by it. Always front up to the public,
always come in for an interview when the going got tough.
Over the years, he made himself very available. Didn't really
(15:16):
matter whether the news was good or bad. And there
was plenty of bad engine issues, prices, COVID, travel refunds,
remember all that stuff. So whether it was good or bad,
Greg was generally there, which begs the question, as the
airline faces new headwinds, where in the world is nicol
Ravashenka brig be the G seven finance meeting Finance Minister's
(15:40):
meeting we talked about yesterday. Well, then the energy ministers
got together, they had a little hui and they decided
the same thing basically as the finance ministers.
Speaker 7 (15:49):
If we are facing crisis, if we are facing disruptions.
Speaker 1 (15:52):
Of supply, so that's exactly where we can.
Speaker 7 (15:58):
Intering. We are not a seeing any structural shortage of
supply are.
Speaker 2 (16:05):
Going forward, So basically what they're saying is at this
stage things aren't bad enough for us to do anything
and release the reserves into and the price is coming
down to it's back in the eighties. Brent Crude Overnight. Voltswagen.
We're going to talk to Gavin Gray out of the UK,
coming up after the news at five point thirty, because
Voltswagen has said it's going to cut fifty thousand jobs
(16:26):
in Germany. This is by twenty thirty. Their profits are
dropping lowest level since twenty sixteen. The problem that they've
got is well they're not selling enough cars and the
competition from the Chinese EV manufacturers again hitting them. So
we'll talk to Gavin about that shortly. And staying on
(16:46):
the roads for a second. An sorry, an z's trachometer
or truck ameter. I'm never really sure how to say it,
but there you go. You've get you both versions this
morning that's come up. This is for February. So the
light traffic index was up two and a half percent
in February from January. That means it's up four and
a half percent from a year ago, so that's good.
There's more traffic on the roads, which means there's more
(17:07):
activity going on. And your heavy traffic index, that's your
trucks up two point four percent for the month, same
for annual. So all heading in the right direction and
that is up for now. Always the caveat when there's
a wall going on in the Middle East. Twenty nine
after five News Talks at B, we're live to the
(17:29):
UK next.
Speaker 1 (17:39):
The news you need this morning and the in depth
analysis early edition with Ryan Bridge and one Route Love
where you live News Talks B.
Speaker 2 (17:56):
Good morning and welcome to Wednesday. If you're just joining us.
As twenty four away from six, the HMS drag In
the navy vessel is currently setting sale all the live
cameras on it leaving the UK at the moment for
the med heading towards Cyprus. We'll talk to Gavin Gray
out of the UK shortly and COVID job jabs before six.
Over in Australia, Have you been to the Twelve Apostles?
(18:17):
Have been to see the twelve Apostles in Victoria? There's
actually this is the limestone stacks, very famous. You'll know
if you haven't been there, you would have seen photos
of them. There's actually only seven of them left, so
it's a bit of a you know, it's false advertising
really at this point isn't it when you've only got
seven of the twelve? Anyway, the twelve Apostles. They're doing
(18:37):
a new visitor center there. And the reason I raised
this is, you know how we always have a debate
in New Zealand do we charge enough of our foreign
tourists to see such beautiful things? You know, why aren't
we charging people to see the boulders for example? Well,
they're going to do it in Australia in Victoria. They
have a new visitor center coming. One hundred and fifty
million dollars they have spent on this visitor center, so
(18:59):
it's probably gold plated and it's opening by the end
of the year. They're going to charge people, they're not
quite sure yet how much. But when you look at
stories like that, is that going to put people off
going there?
Speaker 8 (19:12):
No?
Speaker 2 (19:12):
I mean people pay a lot of money to go
to a museum, don't they. You go see the mona
Lisa half smile while a whole bunch of tourist take
photos that you can barely see it. So why would
you not pay a few bucks to see some of
our beautiful landscapes and features in New Zealand. I think
they were twenty two to and the Aussies clearly think
so too. Twenty two to six pm.
Speaker 5 (19:32):
Bridge to our.
Speaker 2 (19:33):
Reporters around the country, starting with Jamie. Good morning, Jamie,
Good morning, Ryan. You've got a rear open ended jail
term there, yees.
Speaker 9 (19:42):
So, police are pleased with the sentence handed down to
the man who attacked a student in her flat. Keith
wex Kens entered a Queen Street home in February last
year and sexually violated a young woman for about twenty minutes,
injuring her neck and wrists, and he's been previously jailed
for abusing children. Seven year old was sentenced to a
minimum term of seven years and three months before he
(20:04):
can go before the parole board. Detective Sergeant Reeseman Rowe
says this is a positive outcome for the victims as
this man caused harm to not only them but the
wider community.
Speaker 2 (20:15):
How's your weather find them?
Speaker 9 (20:17):
High cloud developing this evening Northeast leis in a.
Speaker 2 (20:20):
High of eighteen nice one, Jamie, thank you, Good morning, Claire,
good morning. What's going on at the hospital?
Speaker 10 (20:26):
Ah, what's not going on at christ Church Hospital? It's
pretty concerning May March and we're well ahead of the
winter bust. But we already have christ Church Hospital really
struggling today. We know that the neonatal Intensive Care unit
is bursting at the seams. This comes as the ED
saw an average of four hundred and twenty three patients
a day over the weekend. That's twenty two patients more
(20:48):
than the weekend before, and thirty five more compared to
the same time last year. We've spoken with nurses organization
delegates to al Diachen, who says it's not only emergency
department at christ Church Hospital there it can't keep up
with capacity. The neonatal Intensive care unit, where very unwell
or premature babies go, is also struggling. He says it
(21:09):
very much seems that Health New Zealand and the government
don't want to forward plan when it comes to public health.
We do have a call out with Health en z
but I'm still awaiting response right.
Speaker 2 (21:17):
Hopefully that gives them the hurry along.
Speaker 10 (21:19):
Hash Your weather clearing to fine early this morning, northeasterly
strong for Banks Peninsula and high eighteenth.
Speaker 2 (21:25):
All right, thank very much, clear Max and Wellington morning, Max.
Speaker 5 (21:28):
Good morning.
Speaker 2 (21:29):
Tell us about your marble bust.
Speaker 11 (21:31):
Yeah, So Victoria University has found itself in something of
a global antique drama. It owns a large marble bust
of a woman from Italy dating something around one hundred
to two hundred AD. Very proud of this artifact the
university purchased more than twenty years ago.
Speaker 2 (21:48):
Turns out it's stolen loot.
Speaker 11 (21:50):
It had previously been illegally dug up and traded on
the black market and somehow made its way to a
legal seller and then to Wellington. Yeah, twenty three years ago,
someone in Italy apparently recognized this thing, contacted Italian authorities.
Italian authorities matched an old polaroid they had of this
big old woman's head, and now the university is having
(22:11):
to ship it back. These polaroids, incidentally, are often taken
by criminal excavators when they do dig up artifacts that
aren't theirs to dig up, and these polaroids are often
what seized by authorities and authorities scan you know, global databases.
New Zealand signed up to these UNESCO rules established in
nineteen seventy regarding artifact repatriation in two thousand and seven,
(22:35):
so there is something of a global legal framework to
do this. They have to return it to Italy fascinating.
Speaker 2 (22:40):
Do we know who it is or no?
Speaker 11 (22:43):
Just it would have been a rich woman who paid
someone to make some oversized marble bust of her head.
All right, and it's going home mostly fine today with
later wins twenty.
Speaker 12 (23:04):
There's probably someone really well known there in Italy, some rough.
Speaker 10 (23:09):
Some.
Speaker 2 (23:10):
Rendo. God. Everything he says is funny. It is neither
a new bait has been used to tickle the yellow leged.
This bloody hornets English horner just is not going anywhere.
Speaker 12 (23:26):
So yes, this is an update, though I know that
you'd be wanting to hear about this, this new bait
Auckland's north shore. So what we can say is that
the biosecurity teams they're going to roll out. It's locally developed.
It's called vespects and it's there to assist with the
current EF. It's you know, to trap these pests. And
it's a bit like the drone thermal imaging. So it's
(23:48):
another one onto that. Now I'm being told that the
bait it won't harm native species. It's going to be
laid in the outer zone soon and then move into
those higher areas with the higher concentration of the hornets.
Mike Ingalls is the MPI North Commissioner. He says, look,
they're committed. They want to get this thing, you know, sorted.
(24:09):
And he says, since November apparently one hundred nests have
been found in that sinks and it's terrible.
Speaker 2 (24:14):
They've got to find them and they've got to crush them,
and they've got to kill them and get rid of
them because they'll destroy well, they'll destroy honey. That's yes,
that's really bad. That's happened in Europe. So they've got
to get rid of them.
Speaker 3 (24:24):
The've got to get rid of them.
Speaker 2 (24:25):
Whatever they got to do, they got to get rid
of them. How's our weather?
Speaker 12 (24:28):
Isolated chowers tuning to rain everywhere by the afternoon here
in Auckland. Twenty one is a high here in Auckland.
Speaker 2 (24:34):
Do you know what we need to do is actually
is eyeball these things because every time at my house,
when I see even if it's a bee, it's a hornet.
It's one of those hornets.
Speaker 3 (24:43):
You probably see a fly.
Speaker 2 (24:44):
You go, there's I do, right? Thanks seventeen to six
News talks Bee Gavin Gray. Next News Talks to be
it is quarter to six. Ryan and New Zealand have
they not hedged their fuel position, fair rises and root
cuts coming suspiciously quicked during this crime. Yeah. This is
from Dan Morning. Dan. Yeah, apparently they did hedge, and
they do hedge obviously, but some of those have come
(25:06):
off just recently, so it's like bad timing. Bob says,
you need to be careful with tourist pricing. Ryan, this
is after what they're doing in Victoria with the twelve Apostles.
Very easy to price yourself out off the market. I
don't think we're even close to doing that yet, just personally.
And another from Grant. This is on the Christ. Gd's
really clear story, boozy place to go at the moment
(25:27):
the christ jut ged apparently, and you've got super Rugby
coming up. You've got the opening of the stadium, Edie,
you'll beginning a workout.
Speaker 1 (25:35):
International correspondence with ends and eye insurance, peace of mind
for New Zealand business.
Speaker 2 (25:41):
Volkswagen's going to cut fifty thousand jobs in Germany. Gavin
Gray are UK Europe correspondent with Uskevin, so what do
we know?
Speaker 3 (25:48):
Yeah, this is an extensive bit of trimming of the
workforce and it is because the largest car maker in
Europe has seen its post tax profits fall by forty
four end in twenty twenty five, nearly a half in
cut it's going to fall. These cuts are going to
fall across the entire group, and that includes of course Volkswagen,
(26:09):
but Audi and Porsche as well. The profits are now
the lowest level since twenty sixteen. The firm reckons it'll
get back into profit next year, but not by very much.
So why is it having a tough time? Well, US
imports twenty five percent tariff on car imports. Donald Trump
slapped that on those, and then they've got very very
(26:29):
strong competition from China. And the problem with that is
China is selling more and more in Europe and Europe
is able to sell less and less in China. So
that's a real problem for Volkswagen. Plus high restructuring costs
as they look to shift from normal petrol and diesel
engines to electric vehicles.
Speaker 2 (26:49):
And you've got not one but two navy vessels now
heading to the eastern mid.
Speaker 3 (26:54):
Yes, I think this is clearly the criticism has stung
the government. Within the last hour, the British war HMS
Dragon has finally left Portsmouth. It's heading to Cypress. Of course,
Cypress is where there's an RAF base called at CRITERII,
and that the runway there was hit by a drone
from Iran more than a week ago, and it's taken
(27:14):
the government this long to get a ship on the way,
something which Donald Trump has scorned over the last few days.
But that is the first major warship in the Mediterranean
region from the Ran Navy. And also they're going to
be deploying another ship as well, they've announced that's been
announced today and our FA, a Royal Fleet Auxiliary, the
Lime Bay, is being prepared for deployment. That is very different.
(27:37):
It is not a type forty five destroyer like HMS
Dragon that first vessel I talked about. It's more of
a sort of supply ship, more of a ship to
help other ships get kitted out and get all the
stuff they need to be in place. So perhaps this
will dull some of that criticism about Secure Starmer's management
of the crisis in Iran. Others are saying it's far
(27:58):
too little, too late.
Speaker 2 (28:00):
Gavin, appreciate your time, Gavin Gray are UK europe correspondent.
It is eleven away from six Brillant Bridge, so we've
got the COVID report Phase two. It's come out. Royal
Commission found Cabinet kept Auckland in a lockdown nearly a
week longer than Nashalley Bloomfield had advised, though Tippy is
now disputing the exact sequencing of that review. Also says
(28:20):
advice on vaccines for under eighteen's was missed. Matthew Hag
is a lawyer who defended the client who didn't want
a COVID JAB and joins us this morning. Good morning, Matthew,
good morning, Right. What's your reaction to the report.
Speaker 6 (28:33):
It's well, I'm not really being surprised, to be honest.
The things that are in the report were being said
at the time by many people, and I think what's
disappointing is at the time those people who were saying
those things were ostracized by the government. They were inconsistent
with the one source of truth that the government were
(28:55):
putting out at that time and portrayed as these uncuring,
unthinking people. And the report, I think confirms that in
many aspects that's not the case.
Speaker 2 (29:03):
Is this Are you talking about the second dose for
young people in the myocarditists risk, etc.
Speaker 6 (29:09):
I am, And also I'm talking about aspects of the
mandates and the extended lockdown and testing problem is.
Speaker 2 (29:16):
That we if we all have to agree on what
we do next time, is anyone going to agree on anything?
You know, Like, that's what it's saying that we should do,
is have some kind of plan. But then whatever plan
we come up with just get thrown out the window,
doesn't it.
Speaker 6 (29:30):
That's exactly right. We had a pandemic emergency planned from
the nineties and that was thrown at the window. You're
absolutely right. Look, there's nothing to stop in future governments
from doing the same thing. But I think this report
is a good thing because it does shine the light
on some of those some of the flaws, and I
don't think people expect the section, but we need to
(29:51):
be introspective, we need to refect on things carefully. One
of the recommendations of the report is the introduction of
primary legislation to better protect rights in relations to some
of those mandates and interesting in lockdowns, and I think
that's a good idea.
Speaker 2 (30:06):
There was also some interesting numbers in there about about
how many people didn't get the job and therefore lost
their job and that kind of drag on their employment.
Speaker 6 (30:16):
Even today, there are teachers principles, Police officers, members of
the forces that are still without a job and we'll
probably never go back, which is really sad, not just
for them and their families, but for communities. And I
think we do need to affect as society on those
(30:37):
professions that we hold up highly as people who serve
our community, but we turn our backs on them when
they need society to protect them in their basic human rights.
Speaker 2 (30:46):
Appreciate your time, Matthew. Matthew Hague, lawyer. He defended the
client who didn't want to covid JAB talking about the
report out yesterday, it is eight minutes away from six
News Talks mic is with us.
Speaker 1 (30:56):
Next the first Word on the News of the Day
early edition with Ryan Bridge and One Route Love Where
You Live News Talks.
Speaker 2 (31:06):
AB News Talks had be six minutes away from six
in New Zealand is reportedly, and we haven't actually had
this from them directly because they keep palming us off,
but reportedly their economy fears are going up by ten
dollars one way on domestic routes, twenty on short haul international,
and then up to ninety on long haul trips. This
is obviously to do with the price of aviation fuel
(31:28):
jet fuel, which is eighty five US dollars a barrel.
That's what they thought it would be and it surged
two one hundred and fifty to two hundred. Although he
has come back, as we heard from drain Em Andy
from Chathams this morning, it is well coming up to
five to six Bridge Bridge and Mike's in the studio
with us. Good morning, Mike morning.
Speaker 5 (31:46):
Quantus has done the same thing.
Speaker 2 (31:48):
Yeah, I know they're all doing it.
Speaker 5 (31:50):
Well, why wouldn't you.
Speaker 2 (31:51):
Did you see the Cafe Pacific flight that I heard
you talk.
Speaker 4 (31:53):
About that they're an expensive airline at the best of time,
forty five grand. Yeah, I'm going to make going to
London was going through emmer Its first as in class
and so they canceled that obviously, and so they're going
business within New Zealand, Auckland, New York, New York, London, London,
back to America, so sort of around the world in business.
Speaker 5 (32:10):
And that was thirty three thirty four.
Speaker 2 (32:12):
Okay, and that was last minute that.
Speaker 4 (32:14):
That was as in this week on next week, I
can't remember, And normally you do that for twelve or thirteen.
Speaker 5 (32:19):
Yeah, so it's three times what it was.
Speaker 2 (32:21):
But here's what could always fire economy. I suppose couldn't know.
You couldn't.
Speaker 4 (32:25):
But here's the interesting thing about it. We know that
people will pay the price. No point complaining about it. Yeah,
most travel is discretionary. If you don't want to pay it,
don't go as simple as that. And what we've learned
post COVID is people will buy, literally, spend literally anything
to travel. They cannot spend enough money on travel, and
they've never spent more than they have at the front
of the plane. At the moment, the money being made
(32:45):
at the front of the plane is eyewatering.
Speaker 2 (32:48):
Did you read that business test piece yesterday about they
should have a first class offering for Air New Zealand?
Speaker 4 (32:54):
All that from me now? I said that two weeks ago.
This is a massive miss from a New Zealand. And
see we've got this thing in this country where.
Speaker 2 (33:03):
Come a long way and then you pay so much
to stay here in a nice Queenstown. Couldn't agree more.
Speaker 4 (33:08):
We've got this, this this little myopic view in New
Zealand that we don't like rich people, we don't like
the idea that people can afford first class. But just
look at look at Emirates look at Singapore, look at Ettyard,
look at Quitar.
Speaker 5 (33:20):
They all offer.
Speaker 2 (33:23):
Think that attitude is changing a little bit. Though. Now
we've got and do you know what's changing. It is
we've got the visas, and we've got these Americans coming,
and the Americans are buying large liberals. They're Democrats, they're
not Republicans.
Speaker 4 (33:36):
And so Ford to fly first class doesn't mean you're
a conservative oil layhold, you know what I mean. But
that's what people think. That's right, and so so I
would like and we miss that. So your business, your
rejuve of the New zealand their business lucks.
Speaker 5 (33:50):
Is first class light.
Speaker 4 (33:52):
It's okay, but if you had a choice.
Speaker 5 (33:54):
You'd fly another airline. Okay.
Speaker 2 (33:57):
Anyway, this is all stuff that I have to look
forward to later in life. Desperation, desperational right there.
Speaker 4 (34:04):
I would tell you that Chris Hipkins is on the program,
but I fear people turn off.
Speaker 2 (34:09):
He may or may not be. See tomorrow.
Speaker 1 (34:13):
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
earlier Ishow with one roof Love where you Live News
Talk said, be good morning.
Speaker 2 (00:10):
Great to have your company. We'll look at the COVID
JAB jobs this morning, Gavin in the UK for US
property prices right for investors out there, and we'll talk
to Air Chathams on the price of ab gas, which
is going through the roof the agenda. It is Wednesday,
the eleventh of March. Five of the Iranian soccer players,
the female soccer players have been given asylum in Australia.
Speaker 3 (00:31):
They're safe here and they should feel.
Speaker 2 (00:33):
At home here. Here's the immigration minister table.
Speaker 4 (00:36):
We realize they are in a terribly difficult situation with
the decisions that they're making.
Speaker 2 (00:42):
Let's go to the conflict in the run itself now.
Pete Higgs Sayth says today will be the most intense
of the strikes on Iran.
Speaker 1 (00:49):
Most fighters, the most bombers, the most strikes, intelligence, more
refined and better than ever.
Speaker 2 (00:57):
Iran's top security official. Meanwhile, on Air has worn Trump
be careful so that you won't get eliminated. Right. Finally,
across the ditch, Lululemon Lulu lemon Is. This is the
active were brand. If you haven't seen it, it's the
really tight tights that people wear to yoga class. Been
fined in Australia more than seven hundred thousand dollars by
(01:19):
the Communications and Media Authority for breaching spam laws. Regulated
say the company sent more than three hundred and seventy
thousand emails containing marketing content how annoying without an unsubscribe option.
This is between December of twenty four and January of
twenty five.
Speaker 1 (01:38):
Get ahead of the headlines on early edition with Ryan
Bridge and one roof Love where you Live news Talks.
Speaker 2 (01:45):
That'd be eight r five great to have your company, Ryan.
This is from Steve after watching Erica Stamford on the
news last night. It's an no brainer that she should
lead National. They would win the election hands down. Yes, Steve,
Now's not the time. Now's not the time. You can
wait and do that later. If you needed to change leaders,
if things are dire a couple of months out from
the election, you would do it. Then. You don't need
to do anything now. Although I did see did you
(02:09):
hear yesterday what John Key and Luxon spoke about?
Speaker 5 (02:14):
Yes?
Speaker 2 (02:15):
I typically yes, I did about his golf. He's playing
playing very good golf.
Speaker 6 (02:18):
Apparently.
Speaker 2 (02:21):
All right, let's move on from that COVID inquiry. I
actually don't want to talk about this either. The COVID
inquiry another one Phase two reports come out, and these
reports come out and they all say similar things. Yeah,
got good job on the whole room for improvement. I'm
just sick of talking about it now. I think, are you?
Are you sick of talking about it too. I know
(02:41):
it's important and we've talked about it a nauseum for
the past what five years, but I'm kind of I'm
kind of over it now. I've kind of done my
dash with it. You either you're in one of two camps,
aren't you. You're either in the camp of Yeah, they
did it well at the start and then they totally
cocked it up and they went too far and for
too long. And these reports don't look at everything. They
(03:04):
don't look at you know, long term school closure impacts,
long term youth crime, long term business debt. Like Yeah, sure,
GDP might bounce back, activity might bounce back, but how
much of you borrowed? Have you mortgaged the house in
your small business in the meantime, while the lockdowns were happening,
have you taken all that into account? What about the debt?
What about the ten billion dollar interest bill that we
(03:26):
have to pay as account? I mean, all these things,
and then you go another report say it's such same
thing basically as the last one. So are we that
interested anymore? The one thing that came out of it
is the JAB advice, which was for young people, and
at the time you did think, well, perfectly healthy young person,
they're far less likely to get sick from COVID and
(03:47):
they're taking the JAB and then they're taking a double dose.
Turns out the second dose may not have been that
great for them. The mocarditist thing was an issue, so
that certainly would require some answers today. But beyond that,
at do we care now? Ten after five TALKSB, What
we do care about is the price of jet fuel
(04:08):
and we will talk to Dwyane em Andy who's from
Air Chathams about this because it's not just in New
Zealand that's coppying it. It's all our regional and smaller
players too. That's next News Talks eNB.
Speaker 1 (04:18):
On your radio and online on Iheard Radio Early edition
with Ryan Bridge and one roof Love, Where You Live,
News Talks EDB, News Talks eNB.
Speaker 2 (04:28):
Time is twelve minutes after five A. Local airlines putting
out an sos to the government. Jet fuel prices have
almost doubled since the beginning of the war in Iran
air New Zealand's and strife. They're hiking international fears by
up to ninety bucks. Smaller players in trouble too. Dwayne
m Andy air Chathams CEO with me this morning. Dwayne,
good morning, yeah, very good morning. Right. How are you? Yeah,
very well, thank you. You'll be watching the price of
(04:50):
jet fuel pretty closely. Has it come back at all?
Speaker 7 (04:54):
Yeah, definitely watching a lot more than it was two
weeks ago. Yet it has come back. Just check this morning.
I think it's sitting at around eighty five dollars a
barrel for break crude. The jet fuel price that crack
spreads a little bit harder to get my hands on,
but good to see that that bring prude price dropping
at this stage.
Speaker 2 (05:14):
Do you are you putting up prices?
Speaker 7 (05:17):
Yeah, here we're following suit with the other regional and
airlines within New Zealand. We're looking at a twenty dollars
increase to our standard feares, which obviously is not going
to cover all of this escalation, but it helps a
little bit. So we did that overnight. Our team were
working on that overnight.
Speaker 2 (05:38):
Does that effect you demand? Do you think or do
people are just going to fly with you anyway and
wear it for now?
Speaker 8 (05:44):
Well?
Speaker 7 (05:44):
I hope they'll still fly with us. I think it's
quite important that they do. But that is the balance, right.
The more you put the price up, the more unaffordable
it comes, and people just don't travel, and then it's
a worse situation for an airline when that happens.
Speaker 2 (05:59):
What do you want government to do?
Speaker 7 (06:02):
Yeah, So I've been having a lot of thought about
this the last couple of days. I think the key
thing we're really asking for is just a more proactive approach. Right,
so we all know this is a really volatile situation.
It's it's changed and escalated quickly in just a matter
of days. So what I think we really want the
government to do is say, well, you know, if this
thing pushes out past the month, two months, three months,
(06:24):
what can we actually do tangibly to support regional air connectivity?
And there are a number of options to know that.
You know, I spoke recently about some of them, which
are those costs that the government may have some control
over through sos and regulatory departments. So I think it's
(06:45):
really just if you've got this ministerial committee sitting together
and you're thinking about these things, you know, have a
specific focus on aviation, and say, well, proactively, what could
we do, what could we start working on now, it's
put a mechanism in place to support these guys if
it goes longer.
Speaker 2 (07:01):
Have you had any money come through from the regional airlines,
the loans for regional airlines, the money that the government announced?
Speaker 7 (07:09):
No, No, we're working through it. So you know, it
is a process. It's there's a lot of tax payer money,
so we've got to do it promptly. So we've been
working with Carnoa and hopefully by the end of this
month the Ministerial Group will meet and make some decisions
on that.
Speaker 2 (07:25):
Dwayne, appreciate your time this morning. Drayne M and E. E.
Chatham's CEO time is quarter past five. You're on news talks.
He'd be on the timing of when is it all in?
When is the war over Trump's advisors apparently, and is
there and now so that you need an exit plan,
you need an exit strategy. And yes, say, when you
call that press conference, you kin't of thought, oh was
this it? Is he going to finally announce we're going
(07:46):
to pull out, We're going to stop bombing. They're doubling
down today. But you'd have to say the end is nigh.
Won't be long till he puts a you know, a
bush mission accomplished banner over the top of it, a
victory banner, ties a boo on it, and wraps it up,
calls it day. The Strait of Her Moors obviously is
the big question mark. And I've got a little update
for you on how much traffic is going through there,
(08:07):
according to Goldman Sacks Next News Talk, SIB Views.
Speaker 1 (08:11):
And Views you Trust to start your day, it's earlier
this ship with Ryan Bridge and one roof Love where
you Live News Talk SEDB.
Speaker 2 (08:20):
News Talk said b it is eighteen minutes after five,
So Ramco, this is Saudi Arabia's state oil company, biggest
oil company in the world. By the way. They have
warned that it could be catastrophic if the strait doesn't
open soon, which is why the straight needs to open.
They still are managing to do seventy percent of output.
That's obviously not one hundred percent of output, which is
what you would want them to be doing. But there
(08:42):
is a little uptick in traffic going through the strait
at the moment. This is a Goldman sax note that
they put out to clients overnight. The number of oil
vessels crossing the Strait was at twenty percent of pre
war levels. Now that is actually up from what they
did estimate was about ten percent. So it's one point
six million barrels a day through the strait. Normally you
would get twenty million barrels a day before the conflict.
(09:05):
The other problem you've got is actually tracking the vecal
vessels that are going through the Strait because they're turning
off their transponders, so hard to know exactly how much
is going through there. But it's fine to say not
much for now, Brian Bridge. Right, let's get to property.
House prices the most affordable they've been in a decade.
This is outside of the COVID drop. National value to
(09:26):
income ratio down to seven point two for quarter four
of twenty twenty five. That's the lowest since twenty sixteen,
the long term average is six point eight. Matt Ball
Properly Investors Federation is with us this morning. Matt, Good morning,
Good morning, Rynnie. Well, yeah, I'm very well, thank you.
Is this where we go out and buy lots of houses?
Speaker 8 (09:45):
I mean, it's still above the average long run affordability measure,
So it's great to see that. I'm come down. That's
good for New Zealand, good for young people trying to
buy a house. But it'd be nice if that dropped
down a little bit further.
Speaker 2 (09:58):
When you say good news for every yes, good news
for first time buyers. Do investors go out and buy
at a time like this? Would you know? Are they?
Speaker 8 (10:09):
This isn't the sort of measure that drives investors. And
if you look at some of the other surveys happening
at the moment, you actually see the more investors looking
to sell at the moment. So the sort of things
that will drive an investor are the numbers. If I
buy this property, can I either add value to it
or can I get a good cash flow out of it?
So is it a good long term investment? Things that
(10:33):
are making investors nervous at the moment, or obviously the election,
that's a bit tight. Things like well, I'm not am
I going to be able to rent the property? The
rental market is a bit tight at the moment, and
that's sort of bringing the affordability down to an achievable
level for some people for rents. But are rent's going
to fall further and they may do so it's biggest
(10:56):
picture of things that are concerning investors at the moment.
Also in some areas things are fine. So if you
go down the bottom of the South Island, I think
that the rental market there is much stronger and some
investors are much more active.
Speaker 2 (11:11):
How worrying is that interest deductibility thing from labor? I mean,
we've talked about this before and you know your reckonss
and maybe they'll bring back fifty percent. I mean, if
you're looking, if you're weighing up investment options, as you say,
there's a whole bunch of things you think about, But
how much of a worry or drag is that one.
Speaker 8 (11:29):
Interestedductability? And you're right, Ryan, it really does look like
Labor are going to remove it again or at least
fifty percent. It's a huge worry and just with any business,
if you suddenly couldn't deduct one of your major expenses.
That really changes the economics of it. So, yes, there
are people and I know totally and this isn't hard evidence,
(11:51):
but I know people who are selling a few properties
if they've got more than one, just to get ahead
of things, to encase the election goes Labour's way and
the factibilities removed. It is a really big concern.
Speaker 2 (12:06):
Matt, appreciate your time this morning. Thanks for being with me.
Matt Ball Property Investors Federation twenty two minutes after five,
Ray and Bridge, So in New Zealand. You know they're
in a They had it announced yesterday, suspended earnings guidance
because of the unprecedented volatility in the global jet fuel markets.
So then the question is what do they do? Do
they cut flights? Do they what do they do? Well,
(12:28):
look at Cathay Pacific and how much price increases are
happening over there, because I mean that's quite a specific
example because you have a whole bunch of particularly ossie
travelers going to the UK going to Europe connecting through
the golf. Obviously can't connect through the golf because Emirates
not really, I mean that up a little bit operating,
(12:49):
but it's limited operations, a fraction of their normal schedules.
It Hard and Kata Airways the same thing, and so
then people are going, well, let's go through Asia, let's
go through America. And Pacific is now selling seats apparently
from Sydney to London. Get wait for this, forty five
thousand dollars return for a business class seat, which is
well above what you would pay to fly on a
(13:13):
first class for Cathay Pacific. So there's obviously a real
squeeze on demand there and the prices are responding. Twenty
three minutes after five, News Talks VB.
Speaker 1 (13:23):
The early edition full show podcast on iHeartRadio Power by Newstalk.
Speaker 2 (13:28):
ZIB News Talk ZB. It is twenty five minutes after five.
Where in the world is Nickel Ravashanka. You've got a
feel a bit for the New Zealand boss, don't you.
He is in the hot seat and he is sweating.
If ever there was a poison chellice, that guy is
drinking from it. He is glugging it back. He's drowning
in it. Poor thing. They've suspended their guidance after the
(13:50):
avgas price went nuts doubled on Iran that's after announcing
that loss of sixty million dollars for the half year,
and now they're hiking prices apparently this is according to
stuff up to ninety dollars on international fares and reportedly
reportedly because they haven't confirmed this yet, looking at cutting
some roots as well, looking at cutting some costs. On
(14:12):
top of that, you got David Seymour barking loudly about
selling half of you off. His problems and this is
the problem with all the New Zealand bosses are financial.
The implications very political. You know, it is the national carrier,
after all, it's up there with the PM, it's up
there with the all Blacks coach at NZR in terms
(14:34):
of profile and criticism in New Zealand. But when the
going gets tough, you got to front. If an inz
X update of the kind that we saw yesterday was
put out by the CEO of a company not half
owned by voters, then you'd probably get away with no
public interviews. Talked to some shareholders, but that is not
the case for Air New Zealand. I spoke to Greg
Fourhan the other day, another in New Zealand boss, who
(14:55):
timed his landing into the job quite terribly COVID and
thanked him at the end, I said thank you for
always because he did. He would always front up to
the public as far as I can remember anyway, never
really felt irked by it. Always front up to the public,
always come in for an interview when the going got tough.
Over the years, he made himself very available. Didn't really
(15:16):
matter whether the news was good or bad. And there
was plenty of bad engine issues, prices, COVID, travel refunds,
remember all that stuff. So whether it was good or bad,
Greg was generally there, which begs the question, as the
airline faces new headwinds, where in the world is nicol
Ravashenka brig be the G seven finance meeting Finance Minister's
(15:40):
meeting we talked about yesterday. Well, then the energy ministers
got together, they had a little hui and they decided
the same thing basically as the finance ministers.
Speaker 7 (15:49):
If we are facing crisis, if we are facing disruptions.
Speaker 1 (15:52):
Of supply, so that's exactly where we can.
Speaker 7 (15:58):
Intering. We are not a seeing any structural shortage of
supply are.
Speaker 2 (16:05):
Going forward, So basically what they're saying is at this
stage things aren't bad enough for us to do anything
and release the reserves into and the price is coming
down to it's back in the eighties. Brent Crude Overnight. Voltswagen.
We're going to talk to Gavin Gray out of the UK,
coming up after the news at five point thirty, because
Voltswagen has said it's going to cut fifty thousand jobs
(16:26):
in Germany. This is by twenty thirty. Their profits are
dropping lowest level since twenty sixteen. The problem that they've
got is well they're not selling enough cars and the
competition from the Chinese EV manufacturers again hitting them. So
we'll talk to Gavin about that shortly. And staying on
(16:46):
the roads for a second. An sorry, an z's trachometer
or truck ameter. I'm never really sure how to say it,
but there you go. You've get you both versions this
morning that's come up. This is for February. So the
light traffic index was up two and a half percent
in February from January. That means it's up four and
a half percent from a year ago, so that's good.
There's more traffic on the roads, which means there's more
(17:07):
activity going on. And your heavy traffic index, that's your
trucks up two point four percent for the month, same
for annual. So all heading in the right direction and
that is up for now. Always the caveat when there's
a wall going on in the Middle East. Twenty nine
after five News Talks at B, we're live to the
(17:29):
UK next.
Speaker 1 (17:39):
The news you need this morning and the in depth
analysis early edition with Ryan Bridge and one Route Love
where you live News Talks B.
Speaker 2 (17:56):
Good morning and welcome to Wednesday. If you're just joining us.
As twenty four away from six, the HMS drag In
the navy vessel is currently setting sale all the live
cameras on it leaving the UK at the moment for
the med heading towards Cyprus. We'll talk to Gavin Gray
out of the UK shortly and COVID job jabs before six.
Over in Australia, Have you been to the Twelve Apostles?
(18:17):
Have been to see the twelve Apostles in Victoria? There's
actually this is the limestone stacks, very famous. You'll know
if you haven't been there, you would have seen photos
of them. There's actually only seven of them left, so
it's a bit of a you know, it's false advertising
really at this point isn't it when you've only got
seven of the twelve? Anyway, the twelve Apostles. They're doing
(18:37):
a new visitor center there. And the reason I raised
this is, you know how we always have a debate
in New Zealand do we charge enough of our foreign
tourists to see such beautiful things? You know, why aren't
we charging people to see the boulders for example? Well,
they're going to do it in Australia in Victoria. They
have a new visitor center coming. One hundred and fifty
million dollars they have spent on this visitor center, so
(18:59):
it's probably gold plated and it's opening by the end
of the year. They're going to charge people, they're not
quite sure yet how much. But when you look at
stories like that, is that going to put people off
going there?
Speaker 8 (19:12):
No?
Speaker 2 (19:12):
I mean people pay a lot of money to go
to a museum, don't they. You go see the mona
Lisa half smile while a whole bunch of tourist take
photos that you can barely see it. So why would
you not pay a few bucks to see some of
our beautiful landscapes and features in New Zealand. I think
they were twenty two to and the Aussies clearly think
so too. Twenty two to six pm.
Speaker 5 (19:32):
Bridge to our.
Speaker 2 (19:33):
Reporters around the country, starting with Jamie. Good morning, Jamie,
Good morning, Ryan. You've got a rear open ended jail
term there, yees.
Speaker 9 (19:42):
So, police are pleased with the sentence handed down to
the man who attacked a student in her flat. Keith
wex Kens entered a Queen Street home in February last
year and sexually violated a young woman for about twenty minutes,
injuring her neck and wrists, and he's been previously jailed
for abusing children. Seven year old was sentenced to a
minimum term of seven years and three months before he
(20:04):
can go before the parole board. Detective Sergeant Reeseman Rowe
says this is a positive outcome for the victims as
this man caused harm to not only them but the
wider community.
Speaker 2 (20:15):
How's your weather find them?
Speaker 9 (20:17):
High cloud developing this evening Northeast leis in a.
Speaker 2 (20:20):
High of eighteen nice one, Jamie, thank you, Good morning, Claire,
good morning. What's going on at the hospital?
Speaker 10 (20:26):
Ah, what's not going on at christ Church Hospital? It's
pretty concerning May March and we're well ahead of the
winter bust. But we already have christ Church Hospital really
struggling today. We know that the neonatal Intensive Care unit
is bursting at the seams. This comes as the ED
saw an average of four hundred and twenty three patients
a day over the weekend. That's twenty two patients more
(20:48):
than the weekend before, and thirty five more compared to
the same time last year. We've spoken with nurses organization
delegates to al Diachen, who says it's not only emergency
department at christ Church Hospital there it can't keep up
with capacity. The neonatal Intensive care unit, where very unwell
or premature babies go, is also struggling. He says it
(21:09):
very much seems that Health New Zealand and the government
don't want to forward plan when it comes to public health.
We do have a call out with Health en z
but I'm still awaiting response right.
Speaker 2 (21:17):
Hopefully that gives them the hurry along.
Speaker 10 (21:19):
Hash Your weather clearing to fine early this morning, northeasterly
strong for Banks Peninsula and high eighteenth.
Speaker 2 (21:25):
All right, thank very much, clear Max and Wellington morning, Max.
Speaker 5 (21:28):
Good morning.
Speaker 2 (21:29):
Tell us about your marble bust.
Speaker 11 (21:31):
Yeah, So Victoria University has found itself in something of
a global antique drama. It owns a large marble bust
of a woman from Italy dating something around one hundred
to two hundred AD. Very proud of this artifact the
university purchased more than twenty years ago.
Speaker 2 (21:48):
Turns out it's stolen loot.
Speaker 11 (21:50):
It had previously been illegally dug up and traded on
the black market and somehow made its way to a
legal seller and then to Wellington. Yeah, twenty three years ago,
someone in Italy apparently recognized this thing, contacted Italian authorities.
Italian authorities matched an old polaroid they had of this
big old woman's head, and now the university is having
(22:11):
to ship it back. These polaroids, incidentally, are often taken
by criminal excavators when they do dig up artifacts that
aren't theirs to dig up, and these polaroids are often
what seized by authorities and authorities scan you know, global databases.
New Zealand signed up to these UNESCO rules established in
nineteen seventy regarding artifact repatriation in two thousand and seven,
(22:35):
so there is something of a global legal framework to
do this. They have to return it to Italy fascinating.
Speaker 2 (22:40):
Do we know who it is or no?
Speaker 11 (22:43):
Just it would have been a rich woman who paid
someone to make some oversized marble bust of her head.
All right, and it's going home mostly fine today with
later wins twenty.
Speaker 12 (23:04):
There's probably someone really well known there in Italy, some rough.
Speaker 10 (23:09):
Some.
Speaker 2 (23:10):
Rendo. God. Everything he says is funny. It is neither
a new bait has been used to tickle the yellow leged.
This bloody hornets English horner just is not going anywhere.
Speaker 12 (23:26):
So yes, this is an update, though I know that
you'd be wanting to hear about this, this new bait
Auckland's north shore. So what we can say is that
the biosecurity teams they're going to roll out. It's locally developed.
It's called vespects and it's there to assist with the
current EF. It's you know, to trap these pests. And
it's a bit like the drone thermal imaging. So it's
(23:48):
another one onto that. Now I'm being told that the
bait it won't harm native species. It's going to be
laid in the outer zone soon and then move into
those higher areas with the higher concentration of the hornets.
Mike Ingalls is the MPI North Commissioner. He says, look,
they're committed. They want to get this thing, you know, sorted.
(24:09):
And he says, since November apparently one hundred nests have
been found in that sinks and it's terrible.
Speaker 2 (24:14):
They've got to find them and they've got to crush them,
and they've got to kill them and get rid of
them because they'll destroy well, they'll destroy honey. That's yes,
that's really bad. That's happened in Europe. So they've got
to get rid of them.
Speaker 3 (24:24):
The've got to get rid of them.
Speaker 2 (24:25):
Whatever they got to do, they got to get rid
of them. How's our weather?
Speaker 12 (24:28):
Isolated chowers tuning to rain everywhere by the afternoon here
in Auckland. Twenty one is a high here in Auckland.
Speaker 2 (24:34):
Do you know what we need to do is actually
is eyeball these things because every time at my house,
when I see even if it's a bee, it's a hornet.
It's one of those hornets.
Speaker 3 (24:43):
You probably see a fly.
Speaker 2 (24:44):
You go, there's I do, right? Thanks seventeen to six
News talks Bee Gavin Gray. Next News Talks to be
it is quarter to six. Ryan and New Zealand have
they not hedged their fuel position, fair rises and root
cuts coming suspiciously quicked during this crime. Yeah. This is
from Dan Morning. Dan. Yeah, apparently they did hedge, and
they do hedge obviously, but some of those have come
(25:06):
off just recently, so it's like bad timing. Bob says,
you need to be careful with tourist pricing. Ryan, this
is after what they're doing in Victoria with the twelve Apostles.
Very easy to price yourself out off the market. I
don't think we're even close to doing that yet, just personally.
And another from Grant. This is on the Christ. Gd's
really clear story, boozy place to go at the moment
(25:27):
the christ jut ged apparently, and you've got super Rugby
coming up. You've got the opening of the stadium, Edie,
you'll beginning a workout.
Speaker 1 (25:35):
International correspondence with ends and eye insurance, peace of mind
for New Zealand business.
Speaker 2 (25:41):
Volkswagen's going to cut fifty thousand jobs in Germany. Gavin
Gray are UK Europe correspondent with Uskevin, so what do
we know?
Speaker 3 (25:48):
Yeah, this is an extensive bit of trimming of the
workforce and it is because the largest car maker in
Europe has seen its post tax profits fall by forty
four end in twenty twenty five, nearly a half in
cut it's going to fall. These cuts are going to
fall across the entire group, and that includes of course Volkswagen,
(26:09):
but Audi and Porsche as well. The profits are now
the lowest level since twenty sixteen. The firm reckons it'll
get back into profit next year, but not by very much.
So why is it having a tough time? Well, US
imports twenty five percent tariff on car imports. Donald Trump
slapped that on those, and then they've got very very
(26:29):
strong competition from China. And the problem with that is
China is selling more and more in Europe and Europe
is able to sell less and less in China. So
that's a real problem for Volkswagen. Plus high restructuring costs
as they look to shift from normal petrol and diesel
engines to electric vehicles.
Speaker 2 (26:49):
And you've got not one but two navy vessels now
heading to the eastern mid.
Speaker 3 (26:54):
Yes, I think this is clearly the criticism has stung
the government. Within the last hour, the British war HMS
Dragon has finally left Portsmouth. It's heading to Cypress. Of course,
Cypress is where there's an RAF base called at CRITERII,
and that the runway there was hit by a drone
from Iran more than a week ago, and it's taken
(27:14):
the government this long to get a ship on the way,
something which Donald Trump has scorned over the last few days.
But that is the first major warship in the Mediterranean
region from the Ran Navy. And also they're going to
be deploying another ship as well, they've announced that's been
announced today and our FA, a Royal Fleet Auxiliary, the
Lime Bay, is being prepared for deployment. That is very different.
(27:37):
It is not a type forty five destroyer like HMS
Dragon that first vessel I talked about. It's more of
a sort of supply ship, more of a ship to
help other ships get kitted out and get all the
stuff they need to be in place. So perhaps this
will dull some of that criticism about Secure Starmer's management
of the crisis in Iran. Others are saying it's far
(27:58):
too little, too late.
Speaker 2 (28:00):
Gavin, appreciate your time, Gavin Gray are UK europe correspondent.
It is eleven away from six Brillant Bridge, so we've
got the COVID report Phase two. It's come out. Royal
Commission found Cabinet kept Auckland in a lockdown nearly a
week longer than Nashalley Bloomfield had advised, though Tippy is
now disputing the exact sequencing of that review. Also says
(28:20):
advice on vaccines for under eighteen's was missed. Matthew Hag
is a lawyer who defended the client who didn't want
a COVID JAB and joins us this morning. Good morning, Matthew,
good morning, Right. What's your reaction to the report.
Speaker 6 (28:33):
It's well, I'm not really being surprised, to be honest.
The things that are in the report were being said
at the time by many people, and I think what's
disappointing is at the time those people who were saying
those things were ostracized by the government. They were inconsistent
with the one source of truth that the government were
(28:55):
putting out at that time and portrayed as these uncuring,
unthinking people. And the report, I think confirms that in
many aspects that's not the case.
Speaker 2 (29:03):
Is this Are you talking about the second dose for
young people in the myocarditists risk, etc.
Speaker 6 (29:09):
I am, And also I'm talking about aspects of the
mandates and the extended lockdown and testing problem is.
Speaker 2 (29:16):
That we if we all have to agree on what
we do next time, is anyone going to agree on anything?
You know, Like, that's what it's saying that we should do,
is have some kind of plan. But then whatever plan
we come up with just get thrown out the window,
doesn't it.
Speaker 6 (29:30):
That's exactly right. We had a pandemic emergency planned from
the nineties and that was thrown at the window. You're
absolutely right. Look, there's nothing to stop in future governments
from doing the same thing. But I think this report
is a good thing because it does shine the light
on some of those some of the flaws, and I
don't think people expect the section, but we need to
(29:51):
be introspective, we need to refect on things carefully. One
of the recommendations of the report is the introduction of
primary legislation to better protect rights in relations to some
of those mandates and interesting in lockdowns, and I think
that's a good idea.
Speaker 2 (30:06):
There was also some interesting numbers in there about about
how many people didn't get the job and therefore lost
their job and that kind of drag on their employment.
Speaker 6 (30:16):
Even today, there are teachers principles, Police officers, members of
the forces that are still without a job and we'll
probably never go back, which is really sad, not just
for them and their families, but for communities. And I
think we do need to affect as society on those
(30:37):
professions that we hold up highly as people who serve
our community, but we turn our backs on them when
they need society to protect them in their basic human rights.
Speaker 2 (30:46):
Appreciate your time, Matthew. Matthew Hague, lawyer. He defended the
client who didn't want to covid JAB talking about the
report out yesterday, it is eight minutes away from six
News Talks mic is with us.
Speaker 1 (30:56):
Next the first Word on the News of the Day
early edition with Ryan Bridge and One Route Love Where
You Live News Talks.
Speaker 2 (31:06):
AB News Talks had be six minutes away from six
in New Zealand is reportedly, and we haven't actually had
this from them directly because they keep palming us off,
but reportedly their economy fears are going up by ten
dollars one way on domestic routes, twenty on short haul international,
and then up to ninety on long haul trips. This
is obviously to do with the price of aviation fuel
(31:28):
jet fuel, which is eighty five US dollars a barrel.
That's what they thought it would be and it surged
two one hundred and fifty to two hundred. Although he
has come back, as we heard from drain Em Andy
from Chathams this morning, it is well coming up to
five to six Bridge Bridge and Mike's in the studio
with us. Good morning, Mike morning.
Speaker 5 (31:46):
Quantus has done the same thing.
Speaker 2 (31:48):
Yeah, I know they're all doing it.
Speaker 5 (31:50):
Well, why wouldn't you.
Speaker 2 (31:51):
Did you see the Cafe Pacific flight that I heard
you talk.
Speaker 4 (31:53):
About that they're an expensive airline at the best of time,
forty five grand. Yeah, I'm going to make going to
London was going through emmer Its first as in class
and so they canceled that obviously, and so they're going
business within New Zealand, Auckland, New York, New York, London, London,
back to America, so sort of around the world in business.
Speaker 5 (32:10):
And that was thirty three thirty four.
Speaker 2 (32:12):
Okay, and that was last minute that.
Speaker 4 (32:14):
That was as in this week on next week, I
can't remember, And normally you do that for twelve or thirteen.
Speaker 5 (32:19):
Yeah, so it's three times what it was.
Speaker 2 (32:21):
But here's what could always fire economy. I suppose couldn't know.
You couldn't.
Speaker 4 (32:25):
But here's the interesting thing about it. We know that
people will pay the price. No point complaining about it. Yeah,
most travel is discretionary. If you don't want to pay it,
don't go as simple as that. And what we've learned
post COVID is people will buy, literally, spend literally anything
to travel. They cannot spend enough money on travel, and
they've never spent more than they have at the front
of the plane. At the moment, the money being made
(32:45):
at the front of the plane is eyewatering.
Speaker 2 (32:48):
Did you read that business test piece yesterday about they
should have a first class offering for Air New Zealand?
Speaker 4 (32:54):
All that from me now? I said that two weeks ago.
This is a massive miss from a New Zealand. And
see we've got this thing in this country where.
Speaker 2 (33:03):
Come a long way and then you pay so much
to stay here in a nice Queenstown. Couldn't agree more.
Speaker 4 (33:08):
We've got this, this this little myopic view in New
Zealand that we don't like rich people, we don't like
the idea that people can afford first class. But just
look at look at Emirates look at Singapore, look at Ettyard,
look at Quitar.
Speaker 5 (33:20):
They all offer.
Speaker 2 (33:23):
Think that attitude is changing a little bit. Though. Now
we've got and do you know what's changing. It is
we've got the visas, and we've got these Americans coming,
and the Americans are buying large liberals. They're Democrats, they're
not Republicans.
Speaker 4 (33:36):
And so Ford to fly first class doesn't mean you're
a conservative oil layhold, you know what I mean. But
that's what people think. That's right, and so so I
would like and we miss that. So your business, your
rejuve of the New zealand their business lucks.
Speaker 5 (33:50):
Is first class light.
Speaker 4 (33:52):
It's okay, but if you had a choice.
Speaker 5 (33:54):
You'd fly another airline. Okay.
Speaker 2 (33:57):
Anyway, this is all stuff that I have to look
forward to later in life. Desperation, desperational right there.
Speaker 4 (34:04):
I would tell you that Chris Hipkins is on the program,
but I fear people turn off.
Speaker 2 (34:09):
He may or may not be. See tomorrow.
Speaker 1 (34:13):
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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