August 12, 2026 • 34 mins
On the Early Edition with Ryan Bridge Full Show Podcast Thursday 13th of August 2026, Deputy Prime Minister and Act Leader David Seymour shares his thoughts on Luxon's leadership debacle.
New Cotality data showing 13% of houses sold for a loss, the worst profitability rates since 2012, Property Investors Federation Advocacy Manager Matt Ball shares his thoughts.
The NZSIS are warning that threats to national security are increasing, retired Major General and New Zealand Initiative Senior Fellow tells Ryan what threats we need to look out for.
Plus, US Correspondent Mitch McCann has the latest on Iran targeting Trump and progressive Democrats momentum halted.
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Speaker 1 (00:00):
The issues, the interviews and the insight. Bryan Bridge on
an early edition with Spark for business Technology that keeps
business moving, news talks.
Speaker 2 (00:10):
There'd be a very good morning six after five David
Seymour on the show that is our lead this morning.
We'll talk about the coalition. It's basically bau. We will
also talk to Mitch McCann Stateside about the assassination attempt
against Donald Trump that I told you about yesterday. We've
got more details about that. The capital gains tax property values,
something doesn't compute for labor, and this spy report.
Speaker 1 (00:34):
The agenda.
Speaker 2 (00:40):
It is Thursday, the thirdingth of August. Starting in the UK.
Double murderer rapist Simon Levy is behind bars for life.
Speaker 3 (00:46):
You are someone who appears to have a morbid fascination
of sex, great and crime. You ruthlessly exploited and took
advantage of each of those three women for your own
personal sexual satisfaction.
Speaker 2 (01:00):
They gave this guy bail, dumb idea went on a
crime spree and they have been criticized for doing that,
of course, despite clearly there was a risk.
Speaker 4 (01:08):
It's not acceptable for its children. Kriminal just a system
to put increasing amounts of risks on the street and
then say to the police, we're going to give you
a bigger and bigger list of dangerous people to monitor,
and then just to focus all the Cristism on us
if we don't do it as well as because.
Speaker 2 (01:21):
Good like everybody, your wafer super cup is about to
get underway. This is in Salsburg and Austria. But surprise, surprise,
Infantino is not there. One of his back is still
backing that.
Speaker 4 (01:32):
The people are decide if they are candidates for one
who stand acts to put down their names.
Speaker 2 (01:38):
I mean there's a right thing. He's been loyal to
African football. He enjoys the support of Africa. Finally, they
are about right now about to start seeing this or
not seeing the solar eclipse that's happening over in the
UK parts of Europe. People have been going crazy for it,
cuing up for hours to get their hands on special
eclipse glasses. One shopkeeper in London says he's sold twenty
(01:59):
six thousand peers.
Speaker 1 (02:02):
Hour by hour of the supply just keeps changing.
Speaker 2 (02:06):
I just tried to come here and they're completely out.
Speaker 5 (02:09):
Well, I'm on my lunch right, so I need to
get back to us.
Speaker 6 (02:12):
I've got half an hour to go, and you find somewhere.
Speaker 7 (02:15):
Else very long queues, many cellars here at the first
Ryan Bridge on early edition with sparks for business technology
that keeps business moving, news talks, he'd balk.
Speaker 2 (02:28):
Eight minutes after five, nine nine two is the number
to text, good morning Ryan. A lot of the people
talking about the media yesterday. Do you know a lot
of people complain about TV one, And do you know
what I would say to that? Don't watch TV one.
There's a there's a very good alternative. In fact, at
seven o'clock this morning, you can turn on your TV
onto TV three and you'll see yours. Truly, you don't
(02:49):
have to watch TV one. It is not compulsory. This
is not South Korea. There's not one state run channel.
Here's what happened yesterday. Good day for in a lot
of ways. Why well, the coup leaders couldn't organize a
piss couldn't organize themselves a piss up in a brewery,
could they? So that's put to bed. There will be
no more coup attempts, no more leader speculation before the election.
(03:13):
Anyone who's unhappy, you can go jump in the lake.
Number two and I said this yesterday. I was talking
to National MPs yesterday who told me that Chris Pink
was doing the numbers for himself. Everyone else was saying, oh, no,
he's doing it for someone else. He was doing it
f rohim self. Now why he was doing it for himself,
that's a different question. But the fact is, as I
(03:35):
said yesterday, he was doing it for himself. He's gone,
no more mister defense Chris Pink. The other thing that's happened,
which is the most interesting part about yesterday, So yeah,
there was the leadership staff. As soon as Luxon came
out and said he had the numbers, it's like right
time to move on boring now, and he's going to
be you know, there's no point talking about it because
(03:57):
there is no way you have a third coup attempt
after two failed. Right, But what else happened after that,
I think was more significant for the campaign. And it
was nothing to do with what Christopher Luxon said, And
it was nothing to do with what anyone in National
had said. And I'll tell you what that thing is.
(04:18):
At about twenty five minutes after five news talks, ab
Ryan Bridge show me up next. We're going to look
at spies. We've got an Essays report out today on
what you know is that China is at Russia, Who's
coming after us? Who's coming after our computers, who's coming
after our government computers? All that stuff. They've had a
good look under the hood. That's next, News Talk said
B the Early.
Speaker 1 (04:38):
Edition Full the Show podcast on iHeartRadio powered by News
Talks AB. Before the news breaks here it first Ryan
Bridge on early edition with spark for business technology that
keeps business moving.
Speaker 2 (04:53):
News TALKSB five thirteen on News Talk ZB across the Tessman.
They've got a problem with well, they had a problem
with their house prices if if you own one, that
is they are falling potentially five percent. This is what
the Reserve Bank said this week that house price is
there as a result of the charmers and a result
of the elbow budget will fall five percent. Not that
Labour's actually upset about that. Just if you've own a home,
(05:15):
particularly if you own if you're a first home buyer
and you are negative negative equity, you will be in trouble.
But their bigger problem this is according to the west
Pac bank boss Anthony Miller. He says, you've got interest
rates remaining elevated to twenty twenty eight, potentially beyond that
without improvement to productivity growth. And he makes the point
(05:38):
that productivity growth, so we need to recognize one of
the reasons the property tax regime of the nineteen nineties
worked really well in the nineties and one of the
reasons why we've had such a great run as a
country is we were really good on productivity. Then, we
were really focused on productivity. The problem now is you
(06:00):
have property prices falling and you have productivity in Australia falling.
Treasury has brought the forecast down. The Reserve Bank this
week has downgraded its forecast. It's now a negative territory
for the December quarter. Now the Opposition has looked at
(06:21):
Australia Bureau of Stats numbers. They reckon that it'll take
labor over there eight years to regain the losses that
have been made to productivity since twenty twenty two when
they came into power. It's fourteen after five by the
Sas the spies, they release an annual Threat Environment report.
(06:43):
So what are we worried about is that AI's supercomputers
coming after our infrastructure or the most likely scenario, alone
wolf radicalized on the Internet. John G. Howard, retired Major General,
New Zealand Initiative Senior fellow with me this morning, John,
Good morning, Good morning, Ron, very well, thank you. So
is a lone wolf? Do we know what they might
be thinking or where they might come from?
Speaker 8 (07:06):
No, you'll never know what a lone wolf is thinking.
The point that the Director General of the Essays is
making is that that risk is still present in our society,
as it is in Western Europe and in America.
Speaker 2 (07:21):
And how do you if they're a lone wolf by
the definition as you can't have said, you don't really
know who they are or where they are, So how
do you stop them?
Speaker 8 (07:30):
It's a really good question. So the first thing, as
they've laid out in their report is that we've just
got to be aware that this risk is real. The
ability to stop them is if you see something, say something.
That's the classic international security and national security mantra. And
none of us should be worried or concerned. We shouldn't
change the way we approach our daily business. We just
(07:51):
need to be aware of what's going on around us,
and when something is of concern, then raise the issue.
And this was clear to the nation and should be
since our national security strategy came out three years ago.
Speaker 2 (08:01):
John, When you say that, you know, you know, whenever
there's some sort of terror attack overseas and they're going
into the other neighbors and neighbors go, oh, yeah, they
were a bit weird. They kept to them, you know,
they kept to themselves. I didn't talk to them much.
Should we go and just ring an one hundred number
about all of our weird, quiet neighbors?
Speaker 9 (08:20):
You know?
Speaker 8 (08:21):
Look, so New Zealand is a really open, friendly society
and we live in a relatively calm society, which is
ranked You see this with the international relations. But the
concept here is if you see something that really concerns
you discuss it with someone first. Whether that's with the
people in your home, your wiye afano, or your community.
(08:42):
There'll be someone there that you should start with, even
if it's local law enforcement. But if you're really concerned,
there are numbers to ring. And look, you know, I
lived in the US for many years where this threat
was a lot more real, and in Western Europe, and
that these things are becoming more real for everybody every day,
So it's not a cause for panic. It's a call
to community in my mind, for us to be able
(09:04):
to be aware of our neighbors and help our neighbors
because someone else in the neighborhood may see something that
you don't as well.
Speaker 2 (09:11):
What about threat prevention? Have we got enough going on there? Oh?
Speaker 8 (09:15):
Look, so the threat, as the report that came out
overnight has clearly said, has accelerated and it has changed.
It's what I call velocity and vector, so dual use technologies,
and by that I mean something that might be for
good artificial intelligence or small first person drones. These things
(09:35):
can be put with criminal intents or with lethal intent
against citizens, and we need to be quite aware of it.
And then the ability to stop it means, as we
used to say, to be forewarned is to be forearmed.
So you know, I'd always say more funding and resources
to the National Security Architecture and to the SAS and
GCSB and police. Of course that's a decision for the
(09:58):
cabinet table, but for all of us, be aware, be advised,
and when you've got to concern, to scout and ask
someone about it.
Speaker 2 (10:06):
John G. Howard, retired Major General, New Zealand Initiative Senior
Feller always good to be on the program, eighteen after
five on News Talks AB. Next. If you're worried about
a capital gains tax, well look at the house prices.
What are they actually going to tax?
Speaker 1 (10:21):
The Early edition Full the Show podcast on iHeartRadio powered
by Newstalks ATB News and Views you trust to start
your day. It's early edition with Ryan Bridge and Spark
for business technology that keeps business moving NEWSTALKSB.
Speaker 2 (10:38):
By twenty Right. Let's look at labour's capital gains tax
in light of this new coatality data. It shows us
that thirteen percent of house houses in New Zealand sold
for a loss. This is the worst profitability that's inverted
commas since twenty twelve. You might need to hold on
to your investment property for an entire decade to make
anything back. Matt Bull Property Investors Federation because he managed
(11:00):
with me this morning. Matt, Good morning, morning, Ryan, thanks
for having me on. Good to have you here. So yeah, look,
no surprise that it is getting harder to sell and
when you do sell you might be taking a loss.
What has this got to do with the capital gains?
Speaker 10 (11:15):
Okay, so the data here is pretty good, but it
doesn't tell the whole picture. Totality data looks at a
sale ten years ago and then a sale today and
compares the two and you get the nominal profit or loss.
It doesn't take into account the cost of owning the property,
your upgrade costs, and all of that sort of thing.
But most importantly, it doesn't take into account inflation. And
(11:37):
inflation over the last ten years is about thirty nine percent,
So it's probably worth putting some numbers on this. And
actually I've got an example right in my neighborhood. Some
neighbors who bought a property in twenty fifteen for six
hundred and fifty five thousand dollars thanks to inflation, selling
now they need to make nine hundred and eleven thousand
dollars to make a profit. Now they're asking price is
(12:00):
eight hundred and thirty five thousand, So they're going to
make a nominal profit, but in real terms, they're not
making anything. Now. Where that comes in for labour's capital
gains tax is labor is going to be taxing inflation,
and that means you make a paper profit, but you
are going to be taxed as if that was real income,
really rubbing salt into.
Speaker 2 (12:21):
The wound, except that their tax doesn't come in until
what twenty twenty seven, right, any increase in value post
twenty twenty seven.
Speaker 10 (12:31):
Yeah, but that's not the point, rhyme. See, the point
is from that point onwards, it doesn't matter whether you
actually make an actual profit or not. You're going to
be taxed on inflation. Yes, so, but I said, those
tax comes in. We look back in ten years time,
this is the picture we're going to see.
Speaker 2 (12:46):
I understand what you're saying, but I think that you know,
to be fair to them, you can as an investor
make a decision around that, you know what I mean.
You can you can say, all right, well, I know
these guys are coming in, Well, these guys might be
coming in and they will be doing this from twenty
twenty seven. Therefore I'll organ my eyes my fears around
basically getting out of property potentially.
Speaker 10 (13:08):
Well, that's one option.
Speaker 2 (13:09):
I mean.
Speaker 10 (13:10):
The other option is that labor makes an allowance for inflation,
and that would make the tax fair and I think
people would understand that. But yeah, you're right. The other
option is that people adjust their affairs accordingly. And I'm
afraid Ryan, I think this would put a wrecking ball
through the rental market. People will just stop investing in
rental properties because of that worry that they're going to
be taxed on inflation.
Speaker 2 (13:32):
Have you heard of anyone lately who's been trying to
sell their rental property? How is it out there?
Speaker 10 (13:38):
It is tough, and yes, I'm here a people all
the time who are selling rental properties. Some of them
are worried about the election and are actually getting out
ahead of the game. Others are just sitting tight and
watching a bit nervously. So yeah, definitely subdued in some
parts of that country. As always, it's better than others.
So if you're in Auckland or Wellington, things are pretty tough,
(14:01):
and if you're in parts of the country like down south,
things are a bit better.
Speaker 2 (14:06):
Matt, Thank you. Always got to chat Matt Bull Property
Investors Federation time in twenty four minutes after five, just
while we're on the spires. Very briefly, so, the German
government they basically haven't been able to spy properly since
the war for obvious reasons, because we know what they
did with those spooks wasn't great anyway. As a result,
they've sort of like Japan with sure they've done defensive
(14:29):
but offensive weapons. You know, they've just kind of been
on the sidelines. Let's not let them go there. Well,
now they want to go there. This is after that,
you know the Pride parade where some nutter drove a
car apparently it was associated with Islamic terrorism, drove a
car into a crowd of people. Well, they need to
actually prevent those sorts of things from happening. So the
(14:51):
German government has now proved a draft law that would
lift the restrictions on spy agencies that have been there
since the post war period. Fascinating. Twenty five after five,
News Talks said B. I'll tell you all about what
happened yesterday? What really happened yesterday? Next News Talk said B.
Twenty seven minutes after five. Everything in this election has
just been turned on its head in twenty four hours
(15:13):
for three reasons, and it's not because of National. Firstly,
yesterday Chris Hopkins was asked if he would do a
deal with TOP and how he would do a deal
with TOP. What are the caveats, what are the parameters?
This is what he said.
Speaker 7 (15:29):
The National part, he might not have been able to
get rid of Christopher Lux and New Zealanders can on
the seventh of November.
Speaker 2 (15:35):
So what he went on to say is that they
were the Labor Party, were quote going to do whatever
and going to listen to the voters. On Top, now
that is a very different thing to what he has
said previously. Top is looking more and more likely to
(15:57):
get into Parliament and could hold the balance of power. Luxon,
while wounded, will not face another coup now that his
detractors would basically couldn't August organize a piss up in
a brewery and couldn't get themselves on into a single
ticket to topple the boss. In this case, the old
saying is tipped on its head. Form me once, shame
on me, for me twice, shame on you. There are
(16:19):
no third chances for a coup pre election, which brings
us to the state of play. This election is going
to be fought one and lost on one issue, and
that's tax. For Hipkins to woo the Greens to party
Marti and Opportunity, they will need to move on tax.
Chloe Q Laywong and Debbie are loading the gun, cocking
(16:40):
it and wanting to fire on Kiwii households on tax,
So which taxes I went to tops calculated this morning
for the land tax. If you're a single, divorced mum
with a house from your settlement, maybe with your ex
husband worth two million bucks, which is, let's be honest,
not much in Auckland these days or the Deep South,
you'll be paying an extra four hundred and fifty six
(17:02):
dollars a week in tax. That's if you're on one
hundred k a year salary. That includes thirty five thousand
dollars a year in land taxes. If you're a couple
with kids living in Beachland's in Auckland, you'll be paying
an extra thirty bucks a week in taxes, including twenty
four thousand dollars in property taxes. That's before you've factored
(17:23):
in taxes on farmland and effective inheritance tax, labour's capital
gains tax. I mean you can throw the kitchen sink
at this when you add them all together. The fact
we don't know how these four blocks parties will actually
spend that money, well, it's messier than a national The Early.
Speaker 1 (17:41):
Edition Full the Show podcast on iHeartRadio powered by Newstalks
at b Ryan Bridge. On Early edition with Spark for
Business Technology that keeps business moving US talks at b.
Speaker 2 (18:03):
Good morning. It is twenty four away from six year
on news talks. There'd be Ryan, surely capital gains tax
would require a valuation of the asset at the outset.
Imagine the costs incurred of doing this, Keith, It is
a very good point you make. We will get to
the US very shortly. Mitch McCann is stateside for US
with more details of this assassination attempt against Donald Trump
over in Turkey. We'll also talk to David Seymour. But
(18:25):
here's some good news for you to wake up to.
So and it's to do with concrete. And I know
you know I'm going to associate good news with concrete.
But today we are one million meters squed of concrete
was delivered in this country in the June quarter. Now
this is the first time that has happened in any
quarter since twenty twenty three. It is good news. It
(18:46):
means that things are getting built. And if you drill down,
it's a fifteen percent increase for the quarter in overall
and a year on year twelve percent increase. And if
you look at Auckland up for the quarter six thirteen percent,
and then for the year six point one percent. That's
great christ Church up twenty one percent year on year
(19:09):
and up ten percent for the quarter. So things are
getting built. Twenty three to six. Ryan Bridge, Calumanderneden Calm,
good morning, morning, right, tell us about the underwater museum here.
Speaker 5 (19:23):
This is the revamped museum in North Otago, bringing White
Tucky's ancient underwater world back to life. It officially reopens today.
It's called the Museum of the Vanished World, and it's
in a little place called Duntroon, and it's within the
White Tucky White Stone Unesco Global Geopark. This museum's undergone
a four hundred and fifty thousand dollars refurbishment and exhibition redesign.
(19:45):
It tells the story of the ancient oceans that once
covered much of the region, from early whales and dolphins
to giant penguins. Tourism Waititucky says, the revitalized museum showcases
the region's rich and internationally significant geological stories.
Speaker 2 (20:01):
Sounds quite cool. Color. How's your weather cloudy?
Speaker 5 (20:05):
Chants for shower later today the nor'easter dies out fifteen
the height nice one.
Speaker 2 (20:09):
Thank you Claire in christ Church morning, Claire, good morning,
there's a first of its kind event at the stadium tonight.
Speaker 6 (20:15):
Yeah, not high Rocks, but we've got sixty business and
community leaders sleeping inside the new stadium. This is the
South Island's first edition of the Big Sleepout. The event
has already raised more than ninety five thousand dollars for
much needed homelessness services here venues. Auto TAHI Chief executive
Caroline Harvey Tia says this won't replicate the reality of
sleeping rough in christ Church, but does hope it will
(20:38):
give participants insight into the challenges that they face. She
says they are going to learn a lot from people
with lived experience of homelessness. They'll share some soup and
bread and sleep the night on a bit of cardboard
in the stadium. Harvey ta says she hopes it's the
first of many times the stadium can be used as
a platform for good.
Speaker 2 (20:56):
There you go. How's your weather?
Speaker 6 (20:58):
Cloudy parients, the odds of rain expected northeasterlies warm today
eighteen degrees but cold tonight down to three last one.
Speaker 2 (21:04):
Thanks clear mex and Wellington. Morning Max, Good morning that
water entity you've been banging on about. They've got some
more oversight coming.
Speaker 9 (21:12):
Yeah, we seem to go in circles here in the Capitol.
This feels like a headline from a year ago, or
anytime really recently when we had Wellington Water accused of
wasting rate payer money. The Commerce Commission is tightening its
oversight of tiaqi Why, promising greater transparency, accountability and independent scrutiny.
It says it wants to paint a clearer picture of
(21:33):
tiaqi wie's performance, the money it spends and its value.
These first quarterly water bills have come in, a lot
of people are not happy. It won't be long until
people here are spending six thousand dollars a year just
on water that's obviously not sustainable. You also had bills
delivered a couple of weeks ago for car parks the
homes ruined in the flooding earlier this year that haven't
even been lived in in the past quarter. Consumer Affairs
(21:56):
Minister Cameron Brewer also considering imposing you before wants requirement
rules on TIQY, which has obviously just been set up.
How's your weather mostly cloudy with a period of morning
rain late Wedds fifteen.
Speaker 2 (22:09):
All right, nice one, Thank you, never good morning, Good morning,
Auckland wants to put its best foot forward as a
cruising destination.
Speaker 11 (22:17):
Yes, quite right, so Auckland Unlimited and the city's port
Now they have just unveiled a ten year plan. Now
this will focus on strengthening areas like visitor experience, infrastructure,
the environment. So this is coming after the country lost
about two hundred and fifty port calls last season compared
to the previous season and then set to lose another
(22:38):
twenty this summer. So any Dundas Auckland Unlimited Destination director,
she's said, look, we've got to show these international cruise
lines that they want them here, that we want them here,
and also, as we all know, great revenue into the
city's economy. So let's see how this plan goes.
Speaker 2 (22:54):
To have the foot traffic too.
Speaker 11 (22:55):
How's our weather cloudy, odd shower, areas of fog morning
and night, but good news line spells developing this afternoon
eighteen Hi here in Auckland today, love.
Speaker 2 (23:03):
It Neva, thank you very much. By the way, we
got a CPI number out of America yesterday, so up
point two percent. This is for July. They do monthly
figures there, of course, which we will eventually be doing
our core prices. So you strip out your food, you
strip out your energy. Two and a half percent increase
in July from a year earlier. This is actually okay,
it is as expected. And now the prop after that
(23:25):
number came out. Probability of wash and co at the
FED hiking rates in September now fallen below fifty percent.
Eighteen to six. We're in the US.
Speaker 1 (23:36):
Next international correspondence with ends and eye insurance. Peace of
mind for New Zealand business.
Speaker 2 (23:43):
You're on news talk, said be Mitch Buchanan, state side
for US this morning. Mitch, good morning, Let's talk about
this assassination attempt on Trump. We're getting all the details.
Speaker 12 (23:52):
Yeah, good morning, Ryan. Lots of new details emerging in
the last couple of hours. Of course, this goes back
to Donald Trump's secret plane swap, has been widely reported
over the last couple of days. That was when while
returning from the NATO summit in Turkey, Donald Trump secretly
flew home on a plane that wasn't Air Force one.
Despite boarding the plane and the press thinking he was
(24:12):
on board, he was secretly transferred onto a catering vehicle
and then on another plane to head back to the
UK where the stopover was. Now the New York Times
is reporting that there was a specific threat of a
surface to air missile being used against Air Force One,
which is why Donald Trump changed planes. And the report
this morning also says that the Iranians knew specifically where
(24:34):
Donald Trump was staying in Turkey, including which floor of
the building his room was in. Now, Donald Trump has
been the target of Iranian plots before. Just a few
months ago, the Defense Secretary Pete higsays said that Iran
tried to kill President Trump, and President Trump got the
last laugh. But of course these threats are not something
that the Secret Service or the intelligence agencies are rushing
(24:55):
to make public, so it's hard to know exactly how
high the threat level is against Donald Trump. It would
seem extremely high, given they took such dramatic action to
get him out of Turkey safely.
Speaker 2 (25:05):
Now, the Progressives, the socialist wave is heading a bit
of a wall in Wisconsin. Yeah, that's right.
Speaker 12 (25:12):
You and I have spoken in recent months, Ryan about
this surging left wing of the Democratic Party. They call
themselves the Progressives, and this includes the elections of Zorah
Mundani here in New York or doctor Abdul al said
in Michigan. Last week we spoke about he's the Democrat
Party candidate for the Senate. But last night the state
of Wisconsin surprised many and elected a moderate or what
(25:33):
we might call a regular Democrat, David Crowny, to run
for governor, over a woman called Francesca Hong. Now she
was leaving the polls even though she had once called
for the cancelation of Thanksgiving, and she was seen by
many as perhaps too radical for the party. She also
wanted to reduce police funding. Crowley only won the race
by a whisker zero point five percent, but it perhaps
(25:54):
shows Ryan that this progressive movement isn't quite as invincible
as some people thought.
Speaker 2 (25:59):
All right, Mitch mcair and our US correspondent, good to
have yond Mitch, time is to away from six Right,
He's done it again, Lux and survived a second no
confidence vote in four months.
Speaker 13 (26:09):
There was a confidence vote of my leadership this morning
at our caucus meeting.
Speaker 9 (26:11):
I have the full support of our caucus.
Speaker 14 (26:14):
And our caucus is united and it is determined to
win this election.
Speaker 2 (26:18):
David Seymour, Deputy Prime Minister, Act Leader with me this morning.
David good morning, good morning, No changes for the coalition, right,
nothing's happened.
Speaker 14 (26:27):
No, you know, I was saying last night it kind
of looks like from a distance that it's all just
a bunch of politicians in Wellington. But there are different institutions,
and the political parties one thing, the government's another, and
whatever may be happening in one of the political parties,
(26:48):
the government itself is a sort of joint project of
three parties. Continues to function very well. I mean, just
yesterday we released that we've had record results for taking
unenrolled children, getting them enrolled and back to school in
the first six months of this year. And you know today,
(27:09):
well we'll have more to say about applings the government
is doing, which are actually very positive, like.
Speaker 10 (27:14):
What well, if I told you now it ruin, I'll
have to kill me. What about what.
Speaker 2 (27:22):
About that pole? Unfortunately they are what about that poll
last night? And it's not just that pole, it's the
poles that now show that. You know, every pole we get,
opportunity gets a little inch closer to actually crossing the
five percent threshold. And then you have Hipkins come out
yesterday and say, well, it's up to the voters now
it's up to the voters, and so you could potentially
(27:44):
have opportunity to party Maldi, Green and Labor and you
start adding up the taxes and things get pretty scary.
Speaker 14 (27:53):
Yeah, And I think it's really helpful that that Pole
has put the proposition to people at this point so
they can really weigh their up. This Opportunity Party presents
itself as centrist. I note in TV one's coverage last
night they face them right in the center as the
keystone of the of the parties and.
Speaker 10 (28:13):
Their horseshoe graphic.
Speaker 14 (28:16):
And yet this is a party that wants to raise
taxes by about twenty five billions so that they can
pay everybody a welfare benefit. That's a pretty extraordinary policy
that if the Greens came out with it, we'd say, well,
that's a radically left policy. But even the Greens haven't
done anything like that. So I think as people further
(28:39):
examined it, which is.
Speaker 2 (28:42):
Going to be what happens now right, I'm speaking to
Quila one at seven o'clock this morning, so I have
some questions. But in terms of the pms called to
rule Opportunity out, do you think actually, you know, given
you say they're pretty much left of the Greens it
was a good thing. And would you rule them out too,
I mean, you wouldn't prop up in case they do
go back on it. You wouldn't be going into any
(29:02):
coalition deals or negotiations with top involved, would you.
Speaker 14 (29:07):
Well, I just work on the basis of policy. You know,
there are two main policies, tax every bit of land
and what that would do to farms and the value
of farms.
Speaker 10 (29:19):
In facts, it's it's not just.
Speaker 14 (29:20):
The tax you pay on your land, it's what it'll
do to land value because it will become very expensive
to own land in New Zealand. That's a policy that
we just aren't abide. And then this idea that you know,
instead of having some people on welfare and actually doing
our best to get them back into work, we'll just say, look, bugger,
everyone gets an unemployment benefit. Here's your here's your four
(29:43):
or five hundred bucks a week. If you want to work,
you can, but we're not really interested. That's that's an
extraordinary thing. And then on.
Speaker 2 (29:56):
That basis, David, we would never see act in government
with TOP Well.
Speaker 14 (30:01):
I mean, look, the funny thing is they say that
actually those policies aren't that important. To them and maybe
they could give them up. So I'm just focusing on
the poll.
Speaker 2 (30:10):
Are you okay? So you're so you're saying you could
work with top of they had a sex change.
Speaker 14 (30:18):
Well I didn't, that's what you're saying, right, gin, I
didn't realize.
Speaker 10 (30:21):
What this early show was like. But all all I.
Speaker 14 (30:25):
Would say is that you know, they say that they
could give up the two Biggas policies, which makes you
wonder if they're really the Opportunity Party or perhaps the
Opportunist Party.
Speaker 2 (30:35):
David Seymour at Party Leader, Deputy Prime Minister. Nine to
six News Talks.
Speaker 1 (30:40):
B, the news you need this morning and the in
depth Analysis early edition with Ryan Bridge and Spark for
Business Technology that keeps Business Moving.
Speaker 2 (30:51):
News Talks B, News Talks B. It is seven minutes
away from six on Wall Street. Stocks are rising this
off the back of that number we gave you earlier,
this CPI number which was basically not as bad as
they thought it would be, and the jobs report. This
means expectations that the Fed and WASH will raise interest
right their next meeting is September. Now fall in that
the expectations they will raise fallen below fifty percent at
(31:14):
six two, Ryan Fred, Good morning, Mike, Ryan, A thrill
to see you. So, hey, what did you see that
poll last night about top Still not convinced they'll get there,
but it's more of a hole. The poles are jack up.
Speaker 13 (31:27):
So here's why it's This is the critical point that
people have got to understand. You either poll properly or
you don't poll at all. So the assumption that the
key line was assuming the Maori Party win all their seats.
You can't do that because that's not what the poll is.
The poll is what percentage of the vote will you
get in that particular pole? The Murray Party was one?
(31:49):
So will the Murray Party get all six seeds? No,
therefore your numbers don't work. Therefore, what's the point but
to your belly?
Speaker 2 (31:56):
Would they get the seats?
Speaker 13 (31:57):
Though they may get one possibly two max. So the
numbers are skew with here's the point. So I thought
last night was if you want to take it seriously,
which I don't. First of all, the other thing was
margin vere was different to normal because they didn't talk
as many people. So that was probably, in my view,
the first poll that I would believe that opportunity are
there thereabouts. I don't believe last week's I think the
(32:19):
Courier one was was rogue. Hopkins's right, but there's a
trend here, right, there's a trend, and I reckon they
need three or four in the sevens. And you can
say there's a reason.
Speaker 2 (32:30):
Question so here come, let's go to lux and Nana's
decision to not work with them, great idea.
Speaker 13 (32:36):
It's fantastic idea.
Speaker 2 (32:37):
Now you have how do your parties?
Speaker 13 (32:39):
How do you work with a party that's going to
charge people hundreds of thousands of dollars more in.
Speaker 2 (32:44):
Tax than tax even if you're not working.
Speaker 13 (32:47):
Next point for people who think about voting for opportunity,
None of their policies are ever going to see the
light of day, even though they make it to parliament.
They're a tiny little party, right, they'll be at the
arsy end of some sort of arrangement even if they
got to the arc into.
Speaker 2 (33:00):
But they're the the king maker.
Speaker 13 (33:02):
No, there's no party. I guarantee you remember where you
heard it first, Hipkins or lax And would go minority
government on a confidence and supply deal. Before you ever said, oh,
by the way, we've got to suck up a land tax.
Speaker 2 (33:17):
No one's doing that.
Speaker 13 (33:19):
Yeah, so therefore their policies will never see the light
of day. So therefore you ask yourself if you're thinking
about voting for the opportunity, but what is it I'm
voting for.
Speaker 2 (33:26):
Let's splickable the wall and they're not going to sit there.
They're not going to sit there in confidence and supply
for nothing.
Speaker 13 (33:32):
They'll they'll give up something might So there's nothing like
what what you don't give the keys nothing. These are
fair questions. But my my interesting thing is I didn't
realize they're about to announce their bottom lines. No one
has bottom lines apart from allegedly them. So if what
are the bottom lines? And from that point you'll.
Speaker 2 (33:49):
Be able to work out whether they're the real deal,
whether it's a land tax that will cost you.
Speaker 13 (33:54):
If they say the land tax is a bottom line
and will do business, then that's the end of them.
They want to get.
Speaker 2 (33:58):
Across the world and also the chippy. It makes it interesting.
News Talks dB my next.
Speaker 1 (34:09):
For more from Early Edition with Ryan Bridge, Listen live
to News Talk seed B from five am weekdays, or
follow the podcast on iHeartRadio.
Speaker 4 (34:18):
H
The issues, the interviews and the insight. Bryan Bridge on
an early edition with Spark for business Technology that keeps
business moving, news talks.
Speaker 2 (00:10):
There'd be a very good morning six after five David
Seymour on the show that is our lead this morning.
We'll talk about the coalition. It's basically bau. We will
also talk to Mitch McCann Stateside about the assassination attempt
against Donald Trump that I told you about yesterday. We've
got more details about that. The capital gains tax property values,
something doesn't compute for labor, and this spy report.
Speaker 1 (00:34):
The agenda.
Speaker 2 (00:40):
It is Thursday, the thirdingth of August. Starting in the UK.
Double murderer rapist Simon Levy is behind bars for life.
Speaker 3 (00:46):
You are someone who appears to have a morbid fascination
of sex, great and crime. You ruthlessly exploited and took
advantage of each of those three women for your own
personal sexual satisfaction.
Speaker 2 (01:00):
They gave this guy bail, dumb idea went on a
crime spree and they have been criticized for doing that,
of course, despite clearly there was a risk.
Speaker 4 (01:08):
It's not acceptable for its children. Kriminal just a system
to put increasing amounts of risks on the street and
then say to the police, we're going to give you
a bigger and bigger list of dangerous people to monitor,
and then just to focus all the Cristism on us
if we don't do it as well as because.
Speaker 2 (01:21):
Good like everybody, your wafer super cup is about to
get underway. This is in Salsburg and Austria. But surprise, surprise,
Infantino is not there. One of his back is still
backing that.
Speaker 4 (01:32):
The people are decide if they are candidates for one
who stand acts to put down their names.
Speaker 2 (01:38):
I mean there's a right thing. He's been loyal to
African football. He enjoys the support of Africa. Finally, they
are about right now about to start seeing this or
not seeing the solar eclipse that's happening over in the
UK parts of Europe. People have been going crazy for it,
cuing up for hours to get their hands on special
eclipse glasses. One shopkeeper in London says he's sold twenty
(01:59):
six thousand peers.
Speaker 1 (02:02):
Hour by hour of the supply just keeps changing.
Speaker 2 (02:06):
I just tried to come here and they're completely out.
Speaker 5 (02:09):
Well, I'm on my lunch right, so I need to
get back to us.
Speaker 6 (02:12):
I've got half an hour to go, and you find somewhere.
Speaker 7 (02:15):
Else very long queues, many cellars here at the first
Ryan Bridge on early edition with sparks for business technology
that keeps business moving, news talks, he'd balk.
Speaker 2 (02:28):
Eight minutes after five, nine nine two is the number
to text, good morning Ryan. A lot of the people
talking about the media yesterday. Do you know a lot
of people complain about TV one, And do you know
what I would say to that? Don't watch TV one.
There's a there's a very good alternative. In fact, at
seven o'clock this morning, you can turn on your TV
onto TV three and you'll see yours. Truly, you don't
(02:49):
have to watch TV one. It is not compulsory. This
is not South Korea. There's not one state run channel.
Here's what happened yesterday. Good day for in a lot
of ways. Why well, the coup leaders couldn't organize a
piss couldn't organize themselves a piss up in a brewery,
could they? So that's put to bed. There will be
no more coup attempts, no more leader speculation before the election.
(03:13):
Anyone who's unhappy, you can go jump in the lake.
Number two and I said this yesterday. I was talking
to National MPs yesterday who told me that Chris Pink
was doing the numbers for himself. Everyone else was saying, oh, no,
he's doing it for someone else. He was doing it
f rohim self. Now why he was doing it for himself,
that's a different question. But the fact is, as I
(03:35):
said yesterday, he was doing it for himself. He's gone,
no more mister defense Chris Pink. The other thing that's happened,
which is the most interesting part about yesterday, So yeah,
there was the leadership staff. As soon as Luxon came
out and said he had the numbers, it's like right
time to move on boring now, and he's going to
be you know, there's no point talking about it because
(03:57):
there is no way you have a third coup attempt
after two failed. Right, But what else happened after that,
I think was more significant for the campaign. And it
was nothing to do with what Christopher Luxon said, And
it was nothing to do with what anyone in National
had said. And I'll tell you what that thing is.
(04:18):
At about twenty five minutes after five news talks, ab
Ryan Bridge show me up next. We're going to look
at spies. We've got an Essays report out today on
what you know is that China is at Russia, Who's
coming after us? Who's coming after our computers, who's coming
after our government computers? All that stuff. They've had a
good look under the hood. That's next, News Talk said
B the Early.
Speaker 1 (04:38):
Edition Full the Show podcast on iHeartRadio powered by News
Talks AB. Before the news breaks here it first Ryan
Bridge on early edition with spark for business technology that
keeps business moving.
Speaker 2 (04:53):
News TALKSB five thirteen on News Talk ZB across the Tessman.
They've got a problem with well, they had a problem
with their house prices if if you own one, that
is they are falling potentially five percent. This is what
the Reserve Bank said this week that house price is
there as a result of the charmers and a result
of the elbow budget will fall five percent. Not that
Labour's actually upset about that. Just if you've own a home,
(05:15):
particularly if you own if you're a first home buyer
and you are negative negative equity, you will be in trouble.
But their bigger problem this is according to the west
Pac bank boss Anthony Miller. He says, you've got interest
rates remaining elevated to twenty twenty eight, potentially beyond that
without improvement to productivity growth. And he makes the point
(05:38):
that productivity growth, so we need to recognize one of
the reasons the property tax regime of the nineteen nineties
worked really well in the nineties and one of the
reasons why we've had such a great run as a
country is we were really good on productivity. Then, we
were really focused on productivity. The problem now is you
(06:00):
have property prices falling and you have productivity in Australia falling.
Treasury has brought the forecast down. The Reserve Bank this
week has downgraded its forecast. It's now a negative territory
for the December quarter. Now the Opposition has looked at
(06:21):
Australia Bureau of Stats numbers. They reckon that it'll take
labor over there eight years to regain the losses that
have been made to productivity since twenty twenty two when
they came into power. It's fourteen after five by the
Sas the spies, they release an annual Threat Environment report.
(06:43):
So what are we worried about is that AI's supercomputers
coming after our infrastructure or the most likely scenario, alone
wolf radicalized on the Internet. John G. Howard, retired Major General,
New Zealand Initiative Senior fellow with me this morning, John,
Good morning, Good morning, Ron, very well, thank you. So
is a lone wolf? Do we know what they might
be thinking or where they might come from?
Speaker 8 (07:06):
No, you'll never know what a lone wolf is thinking.
The point that the Director General of the Essays is
making is that that risk is still present in our society,
as it is in Western Europe and in America.
Speaker 2 (07:21):
And how do you if they're a lone wolf by
the definition as you can't have said, you don't really
know who they are or where they are, So how
do you stop them?
Speaker 8 (07:30):
It's a really good question. So the first thing, as
they've laid out in their report is that we've just
got to be aware that this risk is real. The
ability to stop them is if you see something, say something.
That's the classic international security and national security mantra. And
none of us should be worried or concerned. We shouldn't
change the way we approach our daily business. We just
(07:51):
need to be aware of what's going on around us,
and when something is of concern, then raise the issue.
And this was clear to the nation and should be
since our national security strategy came out three years ago.
Speaker 2 (08:01):
John, When you say that, you know, you know, whenever
there's some sort of terror attack overseas and they're going
into the other neighbors and neighbors go, oh, yeah, they
were a bit weird. They kept to them, you know,
they kept to themselves. I didn't talk to them much.
Should we go and just ring an one hundred number
about all of our weird, quiet neighbors?
Speaker 9 (08:20):
You know?
Speaker 8 (08:21):
Look, so New Zealand is a really open, friendly society
and we live in a relatively calm society, which is
ranked You see this with the international relations. But the
concept here is if you see something that really concerns
you discuss it with someone first. Whether that's with the
people in your home, your wiye afano, or your community.
(08:42):
There'll be someone there that you should start with, even
if it's local law enforcement. But if you're really concerned,
there are numbers to ring. And look, you know, I
lived in the US for many years where this threat
was a lot more real, and in Western Europe, and
that these things are becoming more real for everybody every day,
So it's not a cause for panic. It's a call
to community in my mind, for us to be able
(09:04):
to be aware of our neighbors and help our neighbors
because someone else in the neighborhood may see something that
you don't as well.
Speaker 2 (09:11):
What about threat prevention? Have we got enough going on there? Oh?
Speaker 8 (09:15):
Look, so the threat, as the report that came out
overnight has clearly said, has accelerated and it has changed.
It's what I call velocity and vector, so dual use technologies,
and by that I mean something that might be for
good artificial intelligence or small first person drones. These things
(09:35):
can be put with criminal intents or with lethal intent
against citizens, and we need to be quite aware of it.
And then the ability to stop it means, as we
used to say, to be forewarned is to be forearmed.
So you know, I'd always say more funding and resources
to the National Security Architecture and to the SAS and
GCSB and police. Of course that's a decision for the
(09:58):
cabinet table, but for all of us, be aware, be advised,
and when you've got to concern, to scout and ask
someone about it.
Speaker 2 (10:06):
John G. Howard, retired Major General, New Zealand Initiative Senior
Feller always good to be on the program, eighteen after
five on News Talks AB. Next. If you're worried about
a capital gains tax, well look at the house prices.
What are they actually going to tax?
Speaker 1 (10:21):
The Early edition Full the Show podcast on iHeartRadio powered
by Newstalks ATB News and Views you trust to start
your day. It's early edition with Ryan Bridge and Spark
for business technology that keeps business moving NEWSTALKSB.
Speaker 2 (10:38):
By twenty Right. Let's look at labour's capital gains tax
in light of this new coatality data. It shows us
that thirteen percent of house houses in New Zealand sold
for a loss. This is the worst profitability that's inverted
commas since twenty twelve. You might need to hold on
to your investment property for an entire decade to make
anything back. Matt Bull Property Investors Federation because he managed
(11:00):
with me this morning. Matt, Good morning, morning, Ryan, thanks
for having me on. Good to have you here. So yeah, look,
no surprise that it is getting harder to sell and
when you do sell you might be taking a loss.
What has this got to do with the capital gains?
Speaker 10 (11:15):
Okay, so the data here is pretty good, but it
doesn't tell the whole picture. Totality data looks at a
sale ten years ago and then a sale today and
compares the two and you get the nominal profit or loss.
It doesn't take into account the cost of owning the property,
your upgrade costs, and all of that sort of thing.
But most importantly, it doesn't take into account inflation. And
(11:37):
inflation over the last ten years is about thirty nine percent,
So it's probably worth putting some numbers on this. And
actually I've got an example right in my neighborhood. Some
neighbors who bought a property in twenty fifteen for six
hundred and fifty five thousand dollars thanks to inflation, selling
now they need to make nine hundred and eleven thousand
dollars to make a profit. Now they're asking price is
(12:00):
eight hundred and thirty five thousand, So they're going to
make a nominal profit, but in real terms, they're not
making anything. Now. Where that comes in for labour's capital
gains tax is labor is going to be taxing inflation,
and that means you make a paper profit, but you
are going to be taxed as if that was real income,
really rubbing salt into.
Speaker 2 (12:21):
The wound, except that their tax doesn't come in until
what twenty twenty seven, right, any increase in value post
twenty twenty seven.
Speaker 10 (12:31):
Yeah, but that's not the point, rhyme. See, the point
is from that point onwards, it doesn't matter whether you
actually make an actual profit or not. You're going to
be taxed on inflation. Yes, so, but I said, those
tax comes in. We look back in ten years time,
this is the picture we're going to see.
Speaker 2 (12:46):
I understand what you're saying, but I think that you know,
to be fair to them, you can as an investor
make a decision around that, you know what I mean.
You can you can say, all right, well, I know
these guys are coming in, Well, these guys might be
coming in and they will be doing this from twenty
twenty seven. Therefore I'll organ my eyes my fears around
basically getting out of property potentially.
Speaker 10 (13:08):
Well, that's one option.
Speaker 2 (13:09):
I mean.
Speaker 10 (13:10):
The other option is that labor makes an allowance for inflation,
and that would make the tax fair and I think
people would understand that. But yeah, you're right. The other
option is that people adjust their affairs accordingly. And I'm
afraid Ryan, I think this would put a wrecking ball
through the rental market. People will just stop investing in
rental properties because of that worry that they're going to
be taxed on inflation.
Speaker 2 (13:32):
Have you heard of anyone lately who's been trying to
sell their rental property? How is it out there?
Speaker 10 (13:38):
It is tough, and yes, I'm here a people all
the time who are selling rental properties. Some of them
are worried about the election and are actually getting out
ahead of the game. Others are just sitting tight and
watching a bit nervously. So yeah, definitely subdued in some
parts of that country. As always, it's better than others.
So if you're in Auckland or Wellington, things are pretty tough,
(14:01):
and if you're in parts of the country like down south,
things are a bit better.
Speaker 2 (14:06):
Matt, Thank you. Always got to chat Matt Bull Property
Investors Federation time in twenty four minutes after five, just
while we're on the spires. Very briefly, so, the German
government they basically haven't been able to spy properly since
the war for obvious reasons, because we know what they
did with those spooks wasn't great anyway. As a result,
they've sort of like Japan with sure they've done defensive
(14:29):
but offensive weapons. You know, they've just kind of been
on the sidelines. Let's not let them go there. Well,
now they want to go there. This is after that,
you know the Pride parade where some nutter drove a
car apparently it was associated with Islamic terrorism, drove a
car into a crowd of people. Well, they need to
actually prevent those sorts of things from happening. So the
(14:51):
German government has now proved a draft law that would
lift the restrictions on spy agencies that have been there
since the post war period. Fascinating. Twenty five after five,
News Talks said B. I'll tell you all about what
happened yesterday? What really happened yesterday? Next News Talk said B.
Twenty seven minutes after five. Everything in this election has
just been turned on its head in twenty four hours
(15:13):
for three reasons, and it's not because of National. Firstly,
yesterday Chris Hopkins was asked if he would do a
deal with TOP and how he would do a deal
with TOP. What are the caveats, what are the parameters?
This is what he said.
Speaker 7 (15:29):
The National part, he might not have been able to
get rid of Christopher Lux and New Zealanders can on
the seventh of November.
Speaker 2 (15:35):
So what he went on to say is that they
were the Labor Party, were quote going to do whatever
and going to listen to the voters. On Top, now
that is a very different thing to what he has
said previously. Top is looking more and more likely to
(15:57):
get into Parliament and could hold the balance of power. Luxon,
while wounded, will not face another coup now that his
detractors would basically couldn't August organize a piss up in
a brewery and couldn't get themselves on into a single
ticket to topple the boss. In this case, the old
saying is tipped on its head. Form me once, shame
on me, for me twice, shame on you. There are
(16:19):
no third chances for a coup pre election, which brings
us to the state of play. This election is going
to be fought one and lost on one issue, and
that's tax. For Hipkins to woo the Greens to party
Marti and Opportunity, they will need to move on tax.
Chloe Q Laywong and Debbie are loading the gun, cocking
(16:40):
it and wanting to fire on Kiwii households on tax,
So which taxes I went to tops calculated this morning
for the land tax. If you're a single, divorced mum
with a house from your settlement, maybe with your ex
husband worth two million bucks, which is, let's be honest,
not much in Auckland these days or the Deep South,
you'll be paying an extra four hundred and fifty six
(17:02):
dollars a week in tax. That's if you're on one
hundred k a year salary. That includes thirty five thousand
dollars a year in land taxes. If you're a couple
with kids living in Beachland's in Auckland, you'll be paying
an extra thirty bucks a week in taxes, including twenty
four thousand dollars in property taxes. That's before you've factored
(17:23):
in taxes on farmland and effective inheritance tax, labour's capital
gains tax. I mean you can throw the kitchen sink
at this when you add them all together. The fact
we don't know how these four blocks parties will actually
spend that money, well, it's messier than a national The Early.
Speaker 1 (17:41):
Edition Full the Show podcast on iHeartRadio powered by Newstalks
at b Ryan Bridge. On Early edition with Spark for
Business Technology that keeps business moving US talks at b.
Speaker 2 (18:03):
Good morning. It is twenty four away from six year
on news talks. There'd be Ryan, surely capital gains tax
would require a valuation of the asset at the outset.
Imagine the costs incurred of doing this, Keith, It is
a very good point you make. We will get to
the US very shortly. Mitch McCann is stateside for US
with more details of this assassination attempt against Donald Trump
over in Turkey. We'll also talk to David Seymour. But
(18:25):
here's some good news for you to wake up to.
So and it's to do with concrete. And I know
you know I'm going to associate good news with concrete.
But today we are one million meters squed of concrete
was delivered in this country in the June quarter. Now
this is the first time that has happened in any
quarter since twenty twenty three. It is good news. It
(18:46):
means that things are getting built. And if you drill down,
it's a fifteen percent increase for the quarter in overall
and a year on year twelve percent increase. And if
you look at Auckland up for the quarter six thirteen percent,
and then for the year six point one percent. That's
great christ Church up twenty one percent year on year
(19:09):
and up ten percent for the quarter. So things are
getting built. Twenty three to six. Ryan Bridge, Calumanderneden Calm,
good morning, morning, right, tell us about the underwater museum here.
Speaker 5 (19:23):
This is the revamped museum in North Otago, bringing White
Tucky's ancient underwater world back to life. It officially reopens today.
It's called the Museum of the Vanished World, and it's
in a little place called Duntroon, and it's within the
White Tucky White Stone Unesco Global Geopark. This museum's undergone
a four hundred and fifty thousand dollars refurbishment and exhibition redesign.
(19:45):
It tells the story of the ancient oceans that once
covered much of the region, from early whales and dolphins
to giant penguins. Tourism Waititucky says, the revitalized museum showcases
the region's rich and internationally significant geological stories.
Speaker 2 (20:01):
Sounds quite cool. Color. How's your weather cloudy?
Speaker 5 (20:05):
Chants for shower later today the nor'easter dies out fifteen
the height nice one.
Speaker 2 (20:09):
Thank you Claire in christ Church morning, Claire, good morning,
there's a first of its kind event at the stadium tonight.
Speaker 6 (20:15):
Yeah, not high Rocks, but we've got sixty business and
community leaders sleeping inside the new stadium. This is the
South Island's first edition of the Big Sleepout. The event
has already raised more than ninety five thousand dollars for
much needed homelessness services here venues. Auto TAHI Chief executive
Caroline Harvey Tia says this won't replicate the reality of
sleeping rough in christ Church, but does hope it will
(20:38):
give participants insight into the challenges that they face. She
says they are going to learn a lot from people
with lived experience of homelessness. They'll share some soup and
bread and sleep the night on a bit of cardboard
in the stadium. Harvey ta says she hopes it's the
first of many times the stadium can be used as
a platform for good.
Speaker 2 (20:56):
There you go. How's your weather?
Speaker 6 (20:58):
Cloudy parients, the odds of rain expected northeasterlies warm today
eighteen degrees but cold tonight down to three last one.
Speaker 2 (21:04):
Thanks clear mex and Wellington. Morning Max, Good morning that
water entity you've been banging on about. They've got some
more oversight coming.
Speaker 9 (21:12):
Yeah, we seem to go in circles here in the Capitol.
This feels like a headline from a year ago, or
anytime really recently when we had Wellington Water accused of
wasting rate payer money. The Commerce Commission is tightening its
oversight of tiaqi Why, promising greater transparency, accountability and independent scrutiny.
It says it wants to paint a clearer picture of
(21:33):
tiaqi wie's performance, the money it spends and its value.
These first quarterly water bills have come in, a lot
of people are not happy. It won't be long until
people here are spending six thousand dollars a year just
on water that's obviously not sustainable. You also had bills
delivered a couple of weeks ago for car parks the
homes ruined in the flooding earlier this year that haven't
even been lived in in the past quarter. Consumer Affairs
(21:56):
Minister Cameron Brewer also considering imposing you before wants requirement
rules on TIQY, which has obviously just been set up.
How's your weather mostly cloudy with a period of morning
rain late Wedds fifteen.
Speaker 2 (22:09):
All right, nice one, Thank you, never good morning, Good morning,
Auckland wants to put its best foot forward as a
cruising destination.
Speaker 11 (22:17):
Yes, quite right, so Auckland Unlimited and the city's port
Now they have just unveiled a ten year plan. Now
this will focus on strengthening areas like visitor experience, infrastructure,
the environment. So this is coming after the country lost
about two hundred and fifty port calls last season compared
to the previous season and then set to lose another
(22:38):
twenty this summer. So any Dundas Auckland Unlimited Destination director,
she's said, look, we've got to show these international cruise
lines that they want them here, that we want them here,
and also, as we all know, great revenue into the
city's economy. So let's see how this plan goes.
Speaker 2 (22:54):
To have the foot traffic too.
Speaker 11 (22:55):
How's our weather cloudy, odd shower, areas of fog morning
and night, but good news line spells developing this afternoon
eighteen Hi here in Auckland today, love.
Speaker 2 (23:03):
It Neva, thank you very much. By the way, we
got a CPI number out of America yesterday, so up
point two percent. This is for July. They do monthly
figures there, of course, which we will eventually be doing
our core prices. So you strip out your food, you
strip out your energy. Two and a half percent increase
in July from a year earlier. This is actually okay,
it is as expected. And now the prop after that
(23:25):
number came out. Probability of wash and co at the
FED hiking rates in September now fallen below fifty percent.
Eighteen to six. We're in the US.
Speaker 1 (23:36):
Next international correspondence with ends and eye insurance. Peace of
mind for New Zealand business.
Speaker 2 (23:43):
You're on news talk, said be Mitch Buchanan, state side
for US this morning. Mitch, good morning, Let's talk about
this assassination attempt on Trump. We're getting all the details.
Speaker 12 (23:52):
Yeah, good morning, Ryan. Lots of new details emerging in
the last couple of hours. Of course, this goes back
to Donald Trump's secret plane swap, has been widely reported
over the last couple of days. That was when while
returning from the NATO summit in Turkey, Donald Trump secretly
flew home on a plane that wasn't Air Force one.
Despite boarding the plane and the press thinking he was
(24:12):
on board, he was secretly transferred onto a catering vehicle
and then on another plane to head back to the
UK where the stopover was. Now the New York Times
is reporting that there was a specific threat of a
surface to air missile being used against Air Force One,
which is why Donald Trump changed planes. And the report
this morning also says that the Iranians knew specifically where
(24:34):
Donald Trump was staying in Turkey, including which floor of
the building his room was in. Now, Donald Trump has
been the target of Iranian plots before. Just a few
months ago, the Defense Secretary Pete higsays said that Iran
tried to kill President Trump, and President Trump got the
last laugh. But of course these threats are not something
that the Secret Service or the intelligence agencies are rushing
(24:55):
to make public, so it's hard to know exactly how
high the threat level is against Donald Trump. It would
seem extremely high, given they took such dramatic action to
get him out of Turkey safely.
Speaker 2 (25:05):
Now, the Progressives, the socialist wave is heading a bit
of a wall in Wisconsin. Yeah, that's right.
Speaker 12 (25:12):
You and I have spoken in recent months, Ryan about
this surging left wing of the Democratic Party. They call
themselves the Progressives, and this includes the elections of Zorah
Mundani here in New York or doctor Abdul al said
in Michigan. Last week we spoke about he's the Democrat
Party candidate for the Senate. But last night the state
of Wisconsin surprised many and elected a moderate or what
(25:33):
we might call a regular Democrat, David Crowny, to run
for governor, over a woman called Francesca Hong. Now she
was leaving the polls even though she had once called
for the cancelation of Thanksgiving, and she was seen by
many as perhaps too radical for the party. She also
wanted to reduce police funding. Crowley only won the race
by a whisker zero point five percent, but it perhaps
(25:54):
shows Ryan that this progressive movement isn't quite as invincible
as some people thought.
Speaker 2 (25:59):
All right, Mitch mcair and our US correspondent, good to
have yond Mitch, time is to away from six Right,
He's done it again, Lux and survived a second no
confidence vote in four months.
Speaker 13 (26:09):
There was a confidence vote of my leadership this morning
at our caucus meeting.
Speaker 9 (26:11):
I have the full support of our caucus.
Speaker 14 (26:14):
And our caucus is united and it is determined to
win this election.
Speaker 2 (26:18):
David Seymour, Deputy Prime Minister, Act Leader with me this morning.
David good morning, good morning, No changes for the coalition, right,
nothing's happened.
Speaker 14 (26:27):
No, you know, I was saying last night it kind
of looks like from a distance that it's all just
a bunch of politicians in Wellington. But there are different institutions,
and the political parties one thing, the government's another, and
whatever may be happening in one of the political parties,
(26:48):
the government itself is a sort of joint project of
three parties. Continues to function very well. I mean, just
yesterday we released that we've had record results for taking
unenrolled children, getting them enrolled and back to school in
the first six months of this year. And you know today,
(27:09):
well we'll have more to say about applings the government
is doing, which are actually very positive, like.
Speaker 10 (27:14):
What well, if I told you now it ruin, I'll
have to kill me. What about what.
Speaker 2 (27:22):
About that pole? Unfortunately they are what about that poll
last night? And it's not just that pole, it's the
poles that now show that. You know, every pole we get,
opportunity gets a little inch closer to actually crossing the
five percent threshold. And then you have Hipkins come out
yesterday and say, well, it's up to the voters now
it's up to the voters, and so you could potentially
(27:44):
have opportunity to party Maldi, Green and Labor and you
start adding up the taxes and things get pretty scary.
Speaker 14 (27:53):
Yeah, And I think it's really helpful that that Pole
has put the proposition to people at this point so
they can really weigh their up. This Opportunity Party presents
itself as centrist. I note in TV one's coverage last
night they face them right in the center as the
keystone of the of the parties and.
Speaker 10 (28:13):
Their horseshoe graphic.
Speaker 14 (28:16):
And yet this is a party that wants to raise
taxes by about twenty five billions so that they can
pay everybody a welfare benefit. That's a pretty extraordinary policy
that if the Greens came out with it, we'd say, well,
that's a radically left policy. But even the Greens haven't
done anything like that. So I think as people further
(28:39):
examined it, which is.
Speaker 2 (28:42):
Going to be what happens now right, I'm speaking to
Quila one at seven o'clock this morning, so I have
some questions. But in terms of the pms called to
rule Opportunity out, do you think actually, you know, given
you say they're pretty much left of the Greens it
was a good thing. And would you rule them out too,
I mean, you wouldn't prop up in case they do
go back on it. You wouldn't be going into any
(29:02):
coalition deals or negotiations with top involved, would you.
Speaker 14 (29:07):
Well, I just work on the basis of policy. You know,
there are two main policies, tax every bit of land
and what that would do to farms and the value
of farms.
Speaker 10 (29:19):
In facts, it's it's not just.
Speaker 14 (29:20):
The tax you pay on your land, it's what it'll
do to land value because it will become very expensive
to own land in New Zealand. That's a policy that
we just aren't abide. And then this idea that you know,
instead of having some people on welfare and actually doing
our best to get them back into work, we'll just say, look, bugger,
everyone gets an unemployment benefit. Here's your here's your four
(29:43):
or five hundred bucks a week. If you want to work,
you can, but we're not really interested. That's that's an
extraordinary thing. And then on.
Speaker 2 (29:56):
That basis, David, we would never see act in government
with TOP Well.
Speaker 14 (30:01):
I mean, look, the funny thing is they say that
actually those policies aren't that important. To them and maybe
they could give them up. So I'm just focusing on
the poll.
Speaker 2 (30:10):
Are you okay? So you're so you're saying you could
work with top of they had a sex change.
Speaker 14 (30:18):
Well I didn't, that's what you're saying, right, gin, I
didn't realize.
Speaker 10 (30:21):
What this early show was like. But all all I.
Speaker 14 (30:25):
Would say is that you know, they say that they
could give up the two Biggas policies, which makes you
wonder if they're really the Opportunity Party or perhaps the
Opportunist Party.
Speaker 2 (30:35):
David Seymour at Party Leader, Deputy Prime Minister. Nine to
six News Talks.
Speaker 1 (30:40):
B, the news you need this morning and the in
depth Analysis early edition with Ryan Bridge and Spark for
Business Technology that keeps Business Moving.
Speaker 2 (30:51):
News Talks B, News Talks B. It is seven minutes
away from six on Wall Street. Stocks are rising this
off the back of that number we gave you earlier,
this CPI number which was basically not as bad as
they thought it would be, and the jobs report. This
means expectations that the Fed and WASH will raise interest
right their next meeting is September. Now fall in that
the expectations they will raise fallen below fifty percent at
(31:14):
six two, Ryan Fred, Good morning, Mike, Ryan, A thrill
to see you. So, hey, what did you see that
poll last night about top Still not convinced they'll get there,
but it's more of a hole. The poles are jack up.
Speaker 13 (31:27):
So here's why it's This is the critical point that
people have got to understand. You either poll properly or
you don't poll at all. So the assumption that the
key line was assuming the Maori Party win all their seats.
You can't do that because that's not what the poll is.
The poll is what percentage of the vote will you
get in that particular pole? The Murray Party was one?
(31:49):
So will the Murray Party get all six seeds? No,
therefore your numbers don't work. Therefore, what's the point but
to your belly?
Speaker 2 (31:56):
Would they get the seats?
Speaker 13 (31:57):
Though they may get one possibly two max. So the
numbers are skew with here's the point. So I thought
last night was if you want to take it seriously,
which I don't. First of all, the other thing was
margin vere was different to normal because they didn't talk
as many people. So that was probably, in my view,
the first poll that I would believe that opportunity are
there thereabouts. I don't believe last week's I think the
(32:19):
Courier one was was rogue. Hopkins's right, but there's a
trend here, right, there's a trend, and I reckon they
need three or four in the sevens. And you can
say there's a reason.
Speaker 2 (32:30):
Question so here come, let's go to lux and Nana's
decision to not work with them, great idea.
Speaker 13 (32:36):
It's fantastic idea.
Speaker 2 (32:37):
Now you have how do your parties?
Speaker 13 (32:39):
How do you work with a party that's going to
charge people hundreds of thousands of dollars more in.
Speaker 2 (32:44):
Tax than tax even if you're not working.
Speaker 13 (32:47):
Next point for people who think about voting for opportunity,
None of their policies are ever going to see the
light of day, even though they make it to parliament.
They're a tiny little party, right, they'll be at the
arsy end of some sort of arrangement even if they
got to the arc into.
Speaker 2 (33:00):
But they're the the king maker.
Speaker 13 (33:02):
No, there's no party. I guarantee you remember where you
heard it first, Hipkins or lax And would go minority
government on a confidence and supply deal. Before you ever said, oh,
by the way, we've got to suck up a land tax.
Speaker 2 (33:17):
No one's doing that.
Speaker 13 (33:19):
Yeah, so therefore their policies will never see the light
of day. So therefore you ask yourself if you're thinking
about voting for the opportunity, but what is it I'm
voting for.
Speaker 2 (33:26):
Let's splickable the wall and they're not going to sit there.
They're not going to sit there in confidence and supply
for nothing.
Speaker 13 (33:32):
They'll they'll give up something might So there's nothing like
what what you don't give the keys nothing. These are
fair questions. But my my interesting thing is I didn't
realize they're about to announce their bottom lines. No one
has bottom lines apart from allegedly them. So if what
are the bottom lines? And from that point you'll.
Speaker 2 (33:49):
Be able to work out whether they're the real deal,
whether it's a land tax that will cost you.
Speaker 13 (33:54):
If they say the land tax is a bottom line
and will do business, then that's the end of them.
They want to get.
Speaker 2 (33:58):
Across the world and also the chippy. It makes it interesting.
News Talks dB my next.
Speaker 1 (34:09):
For more from Early Edition with Ryan Bridge, Listen live
to News Talk seed B from five am weekdays, or
follow the podcast on iHeartRadio.
Speaker 4 (34:18):
H
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