May 13, 2026 • 34 mins
On the Early Edition with Ryan Bridge Full Show Podcast Thursday 14th of May 2026, Trump’s touched down in Beijing ahead of his meeting with Xi Jinping, US Intelligence, Foreign Policy Analyst & Former United States Navy Senior Chief shares his thoughts on how the meeting's going to go.
A new survey has found, more than two thirds of Kiwis believe our smoking laws are influenced by big tobacco, Health Coalition Aotearoa Smoking Expert Advisory Group Co-Chair tells Ryan, why.
The budget operating allowance has been cut from $2.4 to $2.1 billion, Chief Economist at the New Zealand Initiative Dr Eric Crampton shares his thoughts.
Plus, US Correspondent Mitch McCann has the latest on Trump’s trip to Beijing and Trump's futuristic "Golden Dome" missile defence system will cost about $1.2 trillion (US) to develop.
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Speaker 1 (00:00):
The issues, the interviews and the insight. Ryan Fridge on
early edition with sparks for business technology that keeps business moving,
news talks.
Speaker 2 (00:10):
They'd be good morning to six after five the she
Trump visits, where we'll ask why it's sending in videos.
Shares high this morning, Mitch mccannon's state signed for us
a big tobacco survey for you. Plus Luxon is trimming
the new spend ahead of the budget. The agenda this state,
acording from made Trump's touchdown and Beijing ahead of his
meeting with Chi Jinping lots on the agenda, but Trump
(00:42):
says he doesn't need cheese help on Iran. Thank you
very much.
Speaker 3 (00:44):
He's been a friend of mine. He's been somebody that
we get along with.
Speaker 4 (00:48):
And I think you're going to see that good things
are going to happen.
Speaker 2 (00:51):
This is going to be a very exciting trip.
Speaker 5 (00:52):
I don't think we need any help with Iran.
Speaker 3 (00:55):
We'll win it one way or the other. We'll win.
Speaker 1 (00:57):
We'll win it peacefully or otherwise.
Speaker 2 (01:00):
Ok Now, Starmer still has a job.
Speaker 4 (01:02):
Let me also thank the leader of the opposition for
the usual warm and generous nature.
Speaker 2 (01:11):
But we do have one thing in common.
Speaker 4 (01:14):
Our parties both had tough results in the local elections
last week. The difference is she hasn't noticed.
Speaker 2 (01:22):
It's all very funny. For now, I'll get to wirds
trading in a second awkward timing because the King was
visiting for the State opening of Parliament at the same time.
Speaker 5 (01:30):
My government will respond to this world with strength and
aim to create a country that is fair for all.
My ministers will take decisions to protect the energy, defense
and economic security of the United Kingdom for the long term.
They will defend the British values of decency, tolerance, and
(01:52):
respect for difference under our common flag.
Speaker 2 (01:55):
Finally, this morning, you know the Lincoln Memorial in Washington,
d C. There's a reflected pool in front of it,
big body of water. Trump is painting at blue ahead
of the two hundred and fiftieth birthday this summer.
Speaker 3 (02:06):
Think of it as this, We have a color.
Speaker 4 (02:08):
It's called American flag blue.
Speaker 2 (02:11):
He says. It a cost about one and a half
million mixed reviews so far.
Speaker 6 (02:16):
Reflecting Paul not a swimming pool, and the blue to
me is going to look like a swimming pool.
Speaker 7 (02:21):
History does not need to be changed. Seems like a
nice idea as a Wie.
Speaker 8 (02:25):
And Tony and I like it.
Speaker 9 (02:26):
Things I've seen President Trump do look great, so I'm
going to trust him.
Speaker 2 (02:30):
The funniest thing about the story is the fact that
Trump got his own pool guide to do the painting.
Speaker 1 (02:36):
The first word on the News of the Day early
edition with Ryan Bridge and Spark for Business Technology that
keeps Business Moving News Talks, that'd.
Speaker 2 (02:46):
Be nine two the number to text. A couple of
little inflation bits for you to start off this morning.
So we had a quarterly survey Curtly, a courteous quarterly
survey from the IBNZ on inflation expectations. This is going
out and asking people do you expect inflation is going
to go for April? And it was interesting because they
were probably not as high as you might expect. So
(03:08):
three point four percent, that's up from two point six
percent for March and two point four percent a year ago.
But when you consider that the actual number for March
was three point one percent, people aren't expecting inflation to
go that much higher, which may be an indication that
perhaps they're not feeling it as badly as the number
would suggest. Over in America, they've had wholesale inflation. We
(03:31):
gave you the CPI number yes day, but wholesale inflation
this is basically what producers are charging. Prices charged by
producers up one point four percent for April from the
month before, and economists were expecting half a percent, so
that is quite a jump. Markets not really liking that
ahead of opening over on Wall Street this morning. However,
(03:53):
in video, this is what I wanted to tell you about.
In video, shares jumped three percent and basically they're putting
that down to the fact that the CEO last minute
addition to that trip where President Trump over to see
she in China. Now, the interesting part about it is
that the chip sales, the restrictions in China are among
(04:15):
one of the many issues that in Vidia has sourcing
product to make it stuff. So among the topics that
they reckon could be on the discussion agenda for the
President is loosening those which would of course benefit and video.
So interesting little tidbit for you this morning. Ten after five.
Ryan Bridge coming up next to talk about the pre
budget speech by the Prime Minister yesterday and we'll touch
(04:38):
on the operating allowance but also the immigration settings, which
look like National is going to come out with some
policy pretty shortly News TALKSB.
Speaker 1 (04:46):
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 five thirteen.
Speaker 2 (04:58):
You know Trump's Golden Dome, the missile defense system that
he's talking about, and he estimated would cost one hundred
and seventy five billion American dollars. That was how much
was their mark? Guess what the latest estimate is for
a cost one point two trillion, so just a little
over budget. We'll talk to Mitch McCann about that. He's
here in about half an hour's time. Brian Bridge hem's
(05:21):
pre budget speech operating allowance CUP from two point four
to two point one billion. Wants cooler heads on immigration too.
Speaker 10 (05:27):
Failed immigration policies in Europe and North America have also
stoked to politics of division online. Immigration now seems to
be an emerging political issue in New Zealand.
Speaker 3 (05:36):
Two.
Speaker 10 (05:37):
Holding our society together under all of those pressures will
be challenging.
Speaker 2 (05:41):
To Eric Crampton, chief economist at the New Zealand Initiative.
With me this morning, good morning, good morning. We'll start
with migration. We don't have both people. We have plain
people and they contribute over and above their fair share,
don't they.
Speaker 9 (05:54):
That's the New Zealand data. Yeah, So when the Prime
Minister is talking about importing narratives from Europe in North
America and I'm not really applying here, well, he's right
about that. We don't really have any good data yet
on the other assertions on social cohesion. I expect that
they're looking at their own polling data. Unfortunately, MB puts
out a survey on this every two years, so in
(06:16):
alternate years they survey migrants and they serve a Kiwis
around how immigration is going. They've been doing this for
a long time. The most recent survey was put out
last year twenty twenty five, on twenty twenty four on
twenty twenty three data, so the twenty twenty five data
will come out probably in August twenty six. As of
(06:37):
the twenty twenty three data, New Zealanders were pretty positive
about migration, so seventy two percent said they felt quite
or very positive about migrants, and that was a record
high proportion. Twenty one percent were neutral and five percent
had negative views. There's also being a significant increase in
the proportion of people saying migrants making new Zealand a
(06:59):
better place to live. That rose from forty five percent
in twenty seventeen to fifty seven percent in twenty twenty three,
and the proportion saying that migrants make it a worse
place to live dropped from sixteen percent to thirteen percent.
So I'm not quite sure where this is coming from.
We do see a lot of online action of people,
(07:21):
some of them from New Zealand, some of them not
from New Zealand, asserting all kinds of harms from migration.
Europe has had some substantial problems, but Europe has really
messed up labor markets. So to take an example, in Sweden,
the unemployment rate for immigrants is about double the overall
immigration rate the unemployment rate in New Zealand. It's not
(07:45):
like that, it's slightly blow.
Speaker 2 (07:46):
Yeah, exactly.
Speaker 3 (07:47):
Now.
Speaker 2 (07:48):
The only thing, the only issue that I see with
immigration is some of the jobs that we are bringing
people in to do. I note that the ex Party
had to release the other day saying that a two
and a half thousand fast food workers have been brought
and there's a thousand beauty therapists, and yet we have
almost according to the number out the other day, fifteen
percent of young people in this country doing nothing with
(08:08):
their lives. Why are we not getting those young people
to do those jobs instead of bringing labor in.
Speaker 9 (08:15):
Well, it's considered from an employer's perspective. If you've got
someone who's well experienced in the area, and you've got
your facing a minimum wage, you can choose to hire
someone who's not New Zealand experienced but has a lot
of overseas experience, or someone who has no New Zealand
experience or anywhere else experience. You'll probably go for someone
(08:35):
who's got a bit more experienced.
Speaker 2 (08:37):
Yes, that's being fast with you.
Speaker 11 (08:39):
The minimum wage.
Speaker 2 (08:40):
Yeah, but in fast food you know what I mean?
Speaker 9 (08:42):
Oh sure, yeah, that it is disappointing. Yes, the Act
has been talking about revisiting the the categories for work
shortages more regularly. I'm not quite sure on some mechanics
on being able to do this annually, because you'll end
(09:02):
up inevitably hitting people who are mid process in getting employment.
There were also a few prompt Sorry, there are always
niggles in immigration policy and a few swings in roundabouts.
So one of the ways that the last government found
it easier to accommodate more migration after the borders had
been closed for a really long time. Was by broadening
(09:25):
access to the Accredited employer program. So more traditionally large
employers with big reputations and a lot at stake had
a pathway for as an accredited employer to bring workers
through when people were screaming out for workers because of
desperate labor shortages when the economy is overheated. They extended
(09:47):
that to a lot of employers that possibly shouldn't have
gotten that. So that's one of the things that could
have been fixed.
Speaker 2 (09:53):
Doctor Eric Crampton, appreciate you Tom this morning, chief economist
at the New Zealand Initiative. Eighteen minutes after five year
on news Talks, they'd be able to talk about smoke
a big tobacco next.
Speaker 1 (10:02):
Ryan Bridge on early edition with Spunk for Business Technology
that keeps business moving News talks that be We've.
Speaker 2 (10:09):
Still seen the last gasps from Starma. The death rattle
is happening. You can't coop while the King is at Westminster,
which is why nothing's happened yet. But he had a
seventeen minute coffee with We's streeting as Health Secretary and
Starma number ten came out said don't worry. It's all good,
it's all good, nothing's happening here. But then you've got
Wes Streeting's allies coming out and saying he's preparing to
resign and trigger a coup. The opposition making light of
(10:34):
this whole situation, saying they want to lead our country.
This is labor. They can't even lead a coup. Ryan
Bridge really messy. Indeed, Talbot Mill's smoking survey out this morning,
just over one thousand people, two thirds of them reckon
our smoking laws are influenced by big tobacco. They want
to see a return to low nicotine cigarettes. Half want
(10:54):
a ban on nicotine pouches. Professor Chris Bullen, Orkan University Professor,
Public Health Health Coalition ALTETA Health Coalition ALTA is a
by their definition, a titidity led coalition of health NGOs.
Winston Peters has previously labeled them left wing. Professor Chris
Bullen joins me this morning, Good morning, good morning, how
(11:15):
are you very well? Thank you? So the survey saying
that the policy has influenced my big tobacco is the
I mean, could you say that of any industry?
Speaker 11 (11:27):
Sure all industries are policies orientated towards them. I think
the big difference here is we've got a long history
of dealing with the tobacco industry all around the world,
and they behave in particularly bad ways. Their products are
incredibly harmful. That's well known. So why should a government
that seems to be interested in the health and well
(11:51):
being of all New Zealanders they give access to these
this kind of industry to influence their policy in a
way that we are.
Speaker 2 (12:01):
Has it led to more harm? Are we seeing more
harm today than we were two years ago from tobacco products?
Speaker 11 (12:10):
Well, I think the answer is that we're stalled with smoking.
Smoking being the most harmful tobacco product out there. The
prevalence of smoking should have been lower than it is
if the government had held to the previous settings policy settings,
But when the coalition government came in, one of the
(12:30):
bottom lines the US in the first was to repeal
the smoke free legislation, which modeling suggested would have dramatically
reduced smoking below five percent in a few years. So
that were we to rebelieve around an additional eight thousand
people buying from smoking related diseases over the next twenty years,
and that could be prevented through appropriate policies.
Speaker 2 (12:52):
That's only in the legal market, right And if you
look at Australia where they have between fifty and sixty
percent of all tobacco and nearly all vaping products in
Australia right now are from criminal suppliers according to Deacon University.
So yes, you might be able to do what you
say you want to do with legal products, but it
(13:13):
won't stop the clearly stubborn six point eight percent of
New Zealanders who want to smoke a durry.
Speaker 11 (13:20):
Well, we don't have the same issue with illegal tobacco
because of our regulated vaping market and because the set
policy settings have actually been I think more sensible here.
But we do need to be very careful because things
could turn suddenly in the wrong direction. However, the monitoring
(13:44):
that the Mystery of Health has been supporting in trying
to assess the size of the illicit market doesn't suggest
that the problem here is as bad as it is
in Australia by any stretch.
Speaker 2 (13:55):
Okay, appreciate your time this morning. An analysis Professor Cris
Ball and Ulkin University Professor Public Health Coalition. At our
time is twenty four minutes after five Ryan Bridge. He
interesting number the unemployment rate. I mean, you think it's
bad here, and I was talking about almost fifteen percent
of nets not in education, employment or training young people unemployment.
(14:15):
The general rate of unemployment in France eight point one
percent for Q one this year, highest level since twenty
twenty one. But they've had a problem with unemployment in
France for decades and mccroncaidy do something about it, and
he hasn't really done anything about it since taking office
in twenty seventeen. The reforms haven't worked. Unemployment. High unemployment
continues to plague their labor force. If they're not on strike,
(14:37):
they're just not at work. It is twenty four after
five News Talks VB.
Speaker 1 (14:42):
The early edition full the show podcast on Ihart Radio
powered by NEWSTALKSB.
Speaker 2 (14:48):
Five twenty seven News Talks Hebb. You can't escape bureaucrats
in Wellington. It's just an occupational hazard, isn't it of
living there? Despite the bad press that they get, they're
not all useless, but it depends on how you use
them and how often you use them. Take the Golden
Mild disaster as just one example of this. Council agrees
to a project that can't afford expensive crazy ratepayers revolt.
(15:09):
By the way, a lot of the money coming from
US taxpayers generally cost blows out from one hundred and
sixty million to two twenty that's sixty million blowout or
thirty disco toilets and Wellington dollars. New mayor comes in.
Review is ordered. Then enter the reviewers, a nine person
panel supposedly independent reviewers, costing four hundred k, which is
(15:32):
at least one bike rack for cyclists in Wellington dollars.
Then yesterday there's a meeting. They basically say this thing
is still somehow affordable for Wellington, despite the fact the
city can't afford to fifty cent mix at the dery.
At present enter the mayor. Mayor is asking some questions
about Mission Creep. He's suggesting that political judgments are being
made by these reviewers. They want their big project and
(15:55):
they don't really care which poor old Wellington ratepayer funds it.
This is not entirely the fault of the Boffins doing
the reviewing, because as I understand it, the review was
set up not to actually make major changes to the
Golden Mile, just tweaks, which begs the question why was
a review ever needed at all? And why did it
cost four hundred k. You either want to spend sixty
(16:18):
million dollars in which case do or you don't, in
which case don't. Why the endless spending on pen pushes
and the reviewers at all? Bryan Bridge, twenty eight minutes
alfter five. Now we spoke about the Aussie budget yesterday
and the capital gains tax not just property obviously, and
there's been some interesting numbers put out. Stock Spot founder
(16:39):
Chris Bryeck has come out with some numbers young Australians
investing into exchange traded funds, so you're getting some on
the stock market, and these people are off more often
than not saving for a house deposit, and that's the
whole thing with this. So we want to get game
people into houses. So interesting they've don't run the numbers.
(17:00):
What does the capital gains tax due to their investments? Well,
it could see the capital gains tax bill increase by
more than two hundred and sixty percent. If you've got
twenty five k in an ETF investment forty thousand dollars
over five years, that's equivalent to a nine point nine
percent a year pre tax return you are missing out
(17:23):
on two thousand, one hundred dollars under the new rules,
and that if you're saving for a house, is an
extra year? Not great? Is that when you look at
it from that perspective. News Talks B We're life at
the State's next can kim.
Speaker 1 (17:41):
The news you need this morning? And the in depth
analysis earlier edition with Ryan Bridge and Spark for business
Technology that keeps business moving.
Speaker 2 (17:51):
News Talks a B pretty more away from six year
on News Talks B Inside the next twenty minutes, will
the Trump she summit over in Beijing. Will also get
to Mitch McCann state side for us this morning. Ryan,
we did an interview a couple of minutes ago about
smoking and a poll that says a lot of two
(18:12):
thirds of us apparently reckoned that big tobacco has an
influence on our smoking legislation. Here, Ryan, tell this guy
that you're talking to, I'm going outside for a durry.
This is the tenor of the text.
Speaker 3 (18:25):
Ryan.
Speaker 2 (18:25):
This is on the Golden MAB from Monique. Good summary
had me laughing this morning. Good to hear Monique. Ryan.
This is from Luke. Politicians, counselors, bureaucrats, contractors, and consultants
on the public teap living their best life since ages ago.
Speaker 1 (18:39):
Ryan Bridge, Callum.
Speaker 2 (18:40):
Procter, into Needing morning, Callum morning, Right, much interest in
this Queenstown Lake top job?
Speaker 12 (18:46):
Yeah, apparently there has been a strong response from the
community to council in queenstun looking for its next chief executive.
More than one hundred have applied for the job. Mike
feelin An outs last year that he wouldn't seek reappointment
after ten years in the role, but still no appointments
been made. The Queenstown Lakes Mayor John Glovers his council's
encouraged by this response and the caliber of candidates stuff received.
(19:10):
The next phase will involve a thorough review of applications,
shortlisting and in the formal interviews, and no dates been
given for when the new CEO will be appointed. All right,
how's your weathering fine for Queenstown ansoneden today fifteen and
Queenstown fourteen.
Speaker 2 (19:24):
Here nice one, cheers Callum clear and christ Church morning, Claire,
good morning. You got the new stadium now we're fighting
over what to do with the temporary stadium site.
Speaker 7 (19:32):
Yes, that's exactly what's happening.
Speaker 6 (19:34):
So we've got some christ Church City councilors questioning why
the public isn't being involved in consultation before decisions are
made on the old stadium site. That's the one at
Addington known as Apollo Projects Stadium. Yesterday the council met
and they have made a decision to ask RMA Reform
Minister Chris Bishop to fast track the rezoning of that
site in order to allow a broader range of things,
(19:55):
including housing. Now, five councilors opposed the decision to write
to the minister. A local councilor, Melanie Coca, was one
of them. She says she's already gathered feedback from residents
on her Facebook page and that public inputs should be
prioritized before rezoning is done.
Speaker 7 (20:10):
She says, well, she doesn't.
Speaker 6 (20:11):
Have any particular views on what should happen with the land,
she thinks that genuine consultation with the community is needed.
Speaker 7 (20:17):
The Mayor Film Major Thole, on.
Speaker 6 (20:19):
The other hand, said the area is in desperate need
of housing and he's pleaded for his colleagues to vote
in favor.
Speaker 7 (20:24):
So in the end they came to a balance.
Speaker 6 (20:27):
They've decided to write to the minister and start the
process of fast tracking that rezoning, but community consultation will
also take place later this year.
Speaker 2 (20:35):
Everyone loves a fast track, don't they. How's you with
the clear?
Speaker 6 (20:38):
Fine, but a bit foggy and frosty to start, some
cloud developing a bit later at light winds and sixteen degrees.
Speaker 2 (20:44):
I thank you morning, big Boy, Big Maxie and Wellington,
how are you? Good morning? How are you going? I'm
very well? Thank you? Who's quit? What project?
Speaker 3 (20:53):
So?
Speaker 13 (20:54):
The Oriental Bay band rotunda along the harbor front, prime
beach location, central enough to walk to, sitting empty since
twenty twelve. In September we got wonderful news it was
going to be done up. Beautiful new restaurant, garage project, bar,
a day spa going in there as well as part
of it. I can't tell you how significant this would be.
You come to the city for the first time and
(21:14):
it's instantly noticeable. You get up close and it's a
rickety shabby dump. Even had a high profile chef lined up,
Ben Bailey, who runs a few of the bigger restaurants
around the country. He's out a breakdown in negotiating. Apparently
couldn't reach commercial terms with developer Watson Group. Interesting quote
from garage project off the back of that as well.
Work is progressing and we are hopeful will be operational
(21:37):
later this year, but hard to know if that'll actually
happen or not. So what is happening, It's not clear.
It's been for some time notoriously difficult to open a
bar or restaurant in Wellington. If this did fall apart,
I think it would be a sort of reading level,
reading cinema level of debacle.
Speaker 2 (21:52):
Yeah, it's such a shame because it is such a
cool spot. Have they still got that ship there that
you can go and there's a Sellard bar on board it?
Speaker 3 (21:58):
You know?
Speaker 2 (21:59):
The what I'm talking about that.
Speaker 13 (22:00):
I believe closed down a few maybe last year or
the year before, but I believe it's closed. The restaurant, Yeah,
the floating the floating restaurant.
Speaker 2 (22:08):
Yeah, how's it wet?
Speaker 13 (22:09):
The partly cloudy southerleast twelve?
Speaker 2 (22:12):
Nice one, Thanks Max Neva, good morning, Good morning. Monitoring
will show if new Protections and the Hardacre golf are
actually working.
Speaker 14 (22:18):
Yes, correct, So what's happening is at the Department of
Conservations that's surveying a range of habitats inside and outside.
This is the twelve new high protection areas that were
introduced last year. So it aims to understand the ecological
trends and conditions more with the focus on the species
like lobster and reef fish. So Doc Marine scientist Emma Kearney,
(22:41):
she's saying, look, they want to know how effective these
protections are, especially in places like Goat Island, because everyone
goes to Goat Island, don't they do.
Speaker 2 (22:49):
You go, Yeah, I've been there before.
Speaker 3 (22:50):
Yeah, I've been there once.
Speaker 14 (22:52):
It is there's always a lot of people the year. Anyway,
She's saying that they know all the pressures in the
marine environment can just help undertake the restoration. So that's
what they gathering information.
Speaker 2 (23:02):
And how is our weather?
Speaker 8 (23:03):
Fine?
Speaker 14 (23:03):
Fine, fine, I have seventeen no wind, no rain.
Speaker 2 (23:06):
But getting a little nippy, isn't it?
Speaker 14 (23:09):
As you touch your nipples, Yes, a little nippy in
the morning.
Speaker 2 (23:14):
Calling see that. Oh sorry, we don't need to tell
everybody everything. Oh I just sort of take a picture
some of the things you and I do in here.
Nobody needs to exactly.
Speaker 14 (23:24):
I'm sorry, listeners, do you think I still have my job.
Speaker 2 (23:27):
After I WoT? Do you know what? I think You're
going to be? Just fine? Just fine. Never it is
eighteen away from six yer on news talks, there'd be
shijingping and Donald Trump meeting in Beijing. Trump has touched down.
We will get to that in a couple of minutes. Also,
we're stateside with Mitch McCann six sixteen away from six
year on news talks. BG, you thought things get about
(23:47):
Argie Barjie in our parliament, well, spirit fought for the Philippines.
The Senate. There were gunshots ringing out there. A senator
who's wanted by the ICC, the International Criminal Court, hunkering down.
This is Ronald dela Rosa. He's accused of overseeing Dette.
You know, the pre previous president his crackdown on drugs,
Rodrigo's crack down on drugs. He was overseeing it and
(24:10):
so they've gone in to round him up and get
him out.
Speaker 3 (24:13):
Now.
Speaker 2 (24:13):
Interestingly, Dette's daughter, Sarah Deturte, vice president, she was impeached
just in the last week. So there's a bit of
a battle over who's going to lead the country. But
not a great sign when you've got gunshots in your Senate.
Speaker 1 (24:26):
International correspondence with ends and eye insurance. Peace of mind
for New Zealand business.
Speaker 2 (24:33):
It is quarter to six, So a posse of tech
x execs going with Trump to Beijing. He's touched down
there and we're going to Mitch McCanny stateside for US
much Good morning, Yeah.
Speaker 8 (24:45):
Good morning, Ryan.
Speaker 2 (24:46):
This is a big trip for Donald Trump.
Speaker 8 (24:47):
It's interesting to note that a US president hasn't actually
met with China's leader since twenty seventeen, although Donald Trump
has met with President g around seven times. These meetings
are going to take place in the coming hours and
on Beijing time. They're going to focus on war trade
in ai Donald Trump says he wants it to focus
mostly on trade and he wants China buying more American goods.
(25:09):
But here's a couple of interesting points here, I think
behind the administration's talking points. One is what's Donald Trump
going to say about Taiwan. It's reported that China is
very unhappy that the US plans to sell weapons to Taiwan.
And another aspect is the war in Iran. It seemed
to be one of the top topics being discussed amid
allegations that China has been assisting Iran and its defense,
(25:30):
So lots to discuss when they meet. And also those
tech giants going with him as well, looking to do
some deals around critical minerals in the US.
Speaker 2 (25:37):
Also, the Golden Dome. This is Trump's missile defense system.
Tell us what the cost blowout is at this point.
Speaker 8 (25:44):
Yeah, it's about seven times more than expected. This is
one of Donald Trump's I think you can call it, Ryan,
a legacy project that he wants to leave behind. It's
a Golden Dome, which is like a missile defense system
to protect the US, similar to what Israel has with
the Iron Dome, but Donald Trump's is a bit more fancy.
It's got weapons and censors in space. Donald Trump initially
thought this was going to cost one hundred and seventy
(26:05):
five billion. The figure that's been put out by the
US government in the last day or so is one
point two trillion dollars over the next twenty years. But
it's a legacy project, Ryan, so it's probably still likely
to go ahead.
Speaker 2 (26:18):
Yeah, that is much mccairn State signed for US this morning,
chairs Mitch, thirteen minutes away from six and on that,
let's go to Malcolm Nance, intelligence foreign policy analyst, former
United States Navy senior chief with US this morning. Malcolm,
good morning. This is the big meeting is under is
almost underway. I should say, we have the president arriving
(26:38):
in Beijing. Who has the upper hand here? Do you
think in these talks?
Speaker 3 (26:44):
Well, unfortunately, China is playing the adult in the room. Now.
Donald Trump has shown that he cannot maintain a stable
foreign policy or a policy platform that would allow you know,
the United States to take advantage of what every little
leverage that they've gotten out of the Iran War. And
Trump is confronted with having to do one of two
(27:05):
things today or during his visit. One beg China for
assistance in using maybe even their naval forces to come
and help work with the Iranians to open the Strait
of Horn Us. And there are other things that the
United States needs that China is now. Protectionist in Urrea, nitrate.
(27:26):
China will not allow any fertilizers to be shipped out
of their country right now, and their national oil reserves
are almost you know, invoking jealousy within the United States.
So we are sort of the United States are behind
the eight ball on being able to leverage this trip.
That Chinese, on the other hand, will likely view it
(27:48):
as an opportunity to eat America's economic lunch.
Speaker 2 (27:51):
Malcolm, what do you think he's going to say about
Taiwan if anything?
Speaker 3 (27:55):
Hmm, I really fear about that because Donald Trump a
transactional person. He does not believe in consistency of history, policy,
or continuity of what one president thinks, you know, is
right in terms of defending democracies or allies. Trump views
(28:16):
it as what he can get out of it. Personally.
Is there a man that admires Gi for being a
life president. He admires Kim Jong un for being able
to do what he wants and have people, you know,
jump up and clap like a group of trained seals.
So with regards to Taiwan, he'll probably view it as
(28:37):
a financial transaction. Taiwan creates microchips for the United States
and also buys US defensive weapons. It really is up in.
Speaker 2 (28:48):
The sounds like we've lost Malcolm there. That was Malcolm Nance,
intelligence foreign policy analyst and former United States Navy senior
chief with us this morning. Hey it is, and just
gone ten minutes away from six interesting numbers on tourism.
And I didn't quite realize this though. It kind of
makes sense given our proximity to one another. But New
(29:09):
Zealand is the favorite travel destination for Australians and vice versa.
So New Zealand is visiting Australia made up fourteen percent
of all the tourist arrivals in Australia. So we love them.
But the good news is they love us right back.
We're close. It makes sense. We go and eat in
Sydney at restaurants and then we go somebathe on the GC.
(29:31):
These are all good things. And while we're on Trump,
just for a second, there were plans, you might remember,
plans for a big Trump tower in Queensland and they
have been scrapped and apparently the developer is saying two reasons.
One the Iran War and price increases and cost of
development increases, and two Trump's toxic brand. So there you go.
(29:54):
You won't be able to go to the GC as
much as we love visiting and stay in a Trump tower.
It is nine away from six News Talks HEADB.
Speaker 1 (30:03):
Here at first Ryan Bridge on early edition with Spark
for Business Technology that Keeps Business Moving, News Talks, HEEDB
News Talks HEB.
Speaker 2 (30:12):
It is seven minutes away from six. It's interesting. Well
I suppose it makes sense, doesn't it. But there is
a study out this morning from Imperial College in London,
and they reckon that in obesity rates in some countries,
I rich countries are leveling off or potentially even falling,
And they're sort of now doing another study into why
is it not obvious everyone's on the jab, everyone's getting
(30:34):
their ozempic and getting ozempic face in the process. It
is disc one six minutes two. Ryan Bridge, Good morning, mate, mate.
Speaker 15 (30:42):
I reckon that's the story of our time. The jabs,
the glps, the way it's transforming the world. It will
transform the health systems. It's transforming the fashion industry. At
the moment, no one's making fourteens anymore because no one
wears fourteens anymore. Second hand clothing industry is festooned with
large clothes because first thing you do when you lose
a lot of wages you feel good. Of course, it
(31:02):
affects the alcohol industry because of course part of taking
it together a pill drink, you don't drink anymore.
Speaker 2 (31:08):
So isn't it I mean, is there something just quinite
perverse about this whole thing that is human beings. We
over indulge to the point where we become morbidly obese,
and the only way to stop that is to take
ye it.
Speaker 15 (31:20):
Was always going to be the way. The moment you
can produce a pill, and that's the pill now as
opposed to the JAB. At the moment you can produce
a pill that solves your problem, you'll take it.
Speaker 2 (31:28):
Yeah, But isn't you know there's something fundamentally wrong with
with human beings that we just gorge until we kill ourselves.
Speaker 15 (31:35):
Of course we do, but nevertheless it solves a problem.
So I think, I think once it goes through the
health system, which it hasn't yet, because of course, what
you'll see over many, many years is there will be
less cancer, there will be less diabetes, and all you
think about the savings. You think about the cost of
diabetes in this country, time dialysis and type two diabetes.
You think about the cost of that, and then you
(31:56):
start reducing that because you've glped everybody. That's where the
argument comes from. There should be because this is what Trump,
to his credit, has done. Those sort of pills and
potions in America are vastly cheaper than they are in
places like New Zealand. You know, there's non argument that
you should be able to go along and because of
the savings you'd make right ondred percent long too.
Speaker 2 (32:15):
Have you ever struggled with your weight?
Speaker 3 (32:17):
No?
Speaker 2 (32:17):
Why, well what do you make?
Speaker 3 (32:18):
Well?
Speaker 2 (32:18):
No, you ever been a little bit big?
Speaker 15 (32:20):
Let myself go. Let myself go in the one I
was in christ So I'm guessing what would it be
late eighties.
Speaker 2 (32:25):
Early ninety something like that. Nice, I think a photo size.
Shut up.
Speaker 15 (32:31):
Anyway, I came to I came to Auckland, and I thought,
what am I going to do to lose some weight?
I was at eighty one, so I'm at sixty five.
As you look at me, now pick you up with
my finger. Well you probably could, don't, please don't. So
I'm at sixty five. So I got to eighty one,
and I thought, what am I going to do?
Speaker 3 (32:48):
So?
Speaker 15 (32:48):
Because I used to be into sport a lot, and
so that's when I stopped sport. You got into the
I'm too busy working, so I packed it on. So
I got to eighty one. They thought what can I do?
So I decided I was going to take up tennis
because I used to play tennis. So went and got
myself a coach. And what I didn't realize was that
if you're you know, you can hit a ball. If
you rally with a coach for an hour, that's tremendous exercise.
(33:08):
And I lost eleven kilos in a month and a
month and a month I just didn't I did, so
it just fell off. It's eleven kilos in a month.
Speaker 2 (33:17):
I went down.
Speaker 15 (33:18):
I went down to seventy.
Speaker 2 (33:19):
So you don't need a pel. You just need tennis.
Speaker 15 (33:21):
Well, you need tennis or exercise, but you know if
a pill can do it.
Speaker 2 (33:24):
You know there is are you're talking to today.
Speaker 15 (33:26):
A couple of insights into the way we're doing business
in this country. I found fascinating bricks and waters big
you have this whole everything's online? Not true.
Speaker 2 (33:34):
I don't buy things online, No, exactly, Nicola.
Speaker 15 (33:36):
Why would you my clothes online?
Speaker 2 (33:38):
Well, you don't know if they fit one hundred percent,
and we're yo yoing and wait so often. How would
you know anyway? Niicola?
Speaker 15 (33:43):
Wellis two point one? What do you do with two
point one as opposed to two point four? I remember
last year when we thought two point four was next
to nothing. Well, two point ones even less better? Be
all all, be most of it on capital Except she's
Weather's after seven pst.
Speaker 2 (33:57):
MICA's with the next, have a great day. Everybody, see
you tomorrow fighting.
Speaker 3 (34:02):
So I just want to be.
Speaker 1 (34:03):
By 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 Fridge on
early edition with sparks for business technology that keeps business moving,
news talks.
Speaker 2 (00:10):
They'd be good morning to six after five the she
Trump visits, where we'll ask why it's sending in videos.
Shares high this morning, Mitch mccannon's state signed for us
a big tobacco survey for you. Plus Luxon is trimming
the new spend ahead of the budget. The agenda this state,
acording from made Trump's touchdown and Beijing ahead of his
meeting with Chi Jinping lots on the agenda, but Trump
(00:42):
says he doesn't need cheese help on Iran. Thank you
very much.
Speaker 3 (00:44):
He's been a friend of mine. He's been somebody that
we get along with.
Speaker 4 (00:48):
And I think you're going to see that good things
are going to happen.
Speaker 2 (00:51):
This is going to be a very exciting trip.
Speaker 5 (00:52):
I don't think we need any help with Iran.
Speaker 3 (00:55):
We'll win it one way or the other. We'll win.
Speaker 1 (00:57):
We'll win it peacefully or otherwise.
Speaker 2 (01:00):
Ok Now, Starmer still has a job.
Speaker 4 (01:02):
Let me also thank the leader of the opposition for
the usual warm and generous nature.
Speaker 2 (01:11):
But we do have one thing in common.
Speaker 4 (01:14):
Our parties both had tough results in the local elections
last week. The difference is she hasn't noticed.
Speaker 2 (01:22):
It's all very funny. For now, I'll get to wirds
trading in a second awkward timing because the King was
visiting for the State opening of Parliament at the same time.
Speaker 5 (01:30):
My government will respond to this world with strength and
aim to create a country that is fair for all.
My ministers will take decisions to protect the energy, defense
and economic security of the United Kingdom for the long term.
They will defend the British values of decency, tolerance, and
(01:52):
respect for difference under our common flag.
Speaker 2 (01:55):
Finally, this morning, you know the Lincoln Memorial in Washington,
d C. There's a reflected pool in front of it,
big body of water. Trump is painting at blue ahead
of the two hundred and fiftieth birthday this summer.
Speaker 3 (02:06):
Think of it as this, We have a color.
Speaker 4 (02:08):
It's called American flag blue.
Speaker 2 (02:11):
He says. It a cost about one and a half
million mixed reviews so far.
Speaker 6 (02:16):
Reflecting Paul not a swimming pool, and the blue to
me is going to look like a swimming pool.
Speaker 7 (02:21):
History does not need to be changed. Seems like a
nice idea as a Wie.
Speaker 8 (02:25):
And Tony and I like it.
Speaker 9 (02:26):
Things I've seen President Trump do look great, so I'm
going to trust him.
Speaker 2 (02:30):
The funniest thing about the story is the fact that
Trump got his own pool guide to do the painting.
Speaker 1 (02:36):
The first word on the News of the Day early
edition with Ryan Bridge and Spark for Business Technology that
keeps Business Moving News Talks, that'd.
Speaker 2 (02:46):
Be nine two the number to text. A couple of
little inflation bits for you to start off this morning.
So we had a quarterly survey Curtly, a courteous quarterly
survey from the IBNZ on inflation expectations. This is going
out and asking people do you expect inflation is going
to go for April? And it was interesting because they
were probably not as high as you might expect. So
(03:08):
three point four percent, that's up from two point six
percent for March and two point four percent a year ago.
But when you consider that the actual number for March
was three point one percent, people aren't expecting inflation to
go that much higher, which may be an indication that
perhaps they're not feeling it as badly as the number
would suggest. Over in America, they've had wholesale inflation. We
(03:31):
gave you the CPI number yes day, but wholesale inflation
this is basically what producers are charging. Prices charged by
producers up one point four percent for April from the
month before, and economists were expecting half a percent, so
that is quite a jump. Markets not really liking that
ahead of opening over on Wall Street this morning. However,
(03:53):
in video, this is what I wanted to tell you about.
In video, shares jumped three percent and basically they're putting
that down to the fact that the CEO last minute
addition to that trip where President Trump over to see
she in China. Now, the interesting part about it is
that the chip sales, the restrictions in China are among
(04:15):
one of the many issues that in Vidia has sourcing
product to make it stuff. So among the topics that
they reckon could be on the discussion agenda for the
President is loosening those which would of course benefit and video.
So interesting little tidbit for you this morning. Ten after five.
Ryan Bridge coming up next to talk about the pre
budget speech by the Prime Minister yesterday and we'll touch
(04:38):
on the operating allowance but also the immigration settings, which
look like National is going to come out with some
policy pretty shortly News TALKSB.
Speaker 1 (04:46):
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 five thirteen.
Speaker 2 (04:58):
You know Trump's Golden Dome, the missile defense system that
he's talking about, and he estimated would cost one hundred
and seventy five billion American dollars. That was how much
was their mark? Guess what the latest estimate is for
a cost one point two trillion, so just a little
over budget. We'll talk to Mitch McCann about that. He's
here in about half an hour's time. Brian Bridge hem's
(05:21):
pre budget speech operating allowance CUP from two point four
to two point one billion. Wants cooler heads on immigration too.
Speaker 10 (05:27):
Failed immigration policies in Europe and North America have also
stoked to politics of division online. Immigration now seems to
be an emerging political issue in New Zealand.
Speaker 3 (05:36):
Two.
Speaker 10 (05:37):
Holding our society together under all of those pressures will
be challenging.
Speaker 2 (05:41):
To Eric Crampton, chief economist at the New Zealand Initiative.
With me this morning, good morning, good morning. We'll start
with migration. We don't have both people. We have plain
people and they contribute over and above their fair share,
don't they.
Speaker 9 (05:54):
That's the New Zealand data. Yeah, So when the Prime
Minister is talking about importing narratives from Europe in North
America and I'm not really applying here, well, he's right
about that. We don't really have any good data yet
on the other assertions on social cohesion. I expect that
they're looking at their own polling data. Unfortunately, MB puts
out a survey on this every two years, so in
(06:16):
alternate years they survey migrants and they serve a Kiwis
around how immigration is going. They've been doing this for
a long time. The most recent survey was put out
last year twenty twenty five, on twenty twenty four on
twenty twenty three data, so the twenty twenty five data
will come out probably in August twenty six. As of
(06:37):
the twenty twenty three data, New Zealanders were pretty positive
about migration, so seventy two percent said they felt quite
or very positive about migrants, and that was a record
high proportion. Twenty one percent were neutral and five percent
had negative views. There's also being a significant increase in
the proportion of people saying migrants making new Zealand a
(06:59):
better place to live. That rose from forty five percent
in twenty seventeen to fifty seven percent in twenty twenty three,
and the proportion saying that migrants make it a worse
place to live dropped from sixteen percent to thirteen percent.
So I'm not quite sure where this is coming from.
We do see a lot of online action of people,
(07:21):
some of them from New Zealand, some of them not
from New Zealand, asserting all kinds of harms from migration.
Europe has had some substantial problems, but Europe has really
messed up labor markets. So to take an example, in Sweden,
the unemployment rate for immigrants is about double the overall
immigration rate the unemployment rate in New Zealand. It's not
(07:45):
like that, it's slightly blow.
Speaker 2 (07:46):
Yeah, exactly.
Speaker 3 (07:47):
Now.
Speaker 2 (07:48):
The only thing, the only issue that I see with
immigration is some of the jobs that we are bringing
people in to do. I note that the ex Party
had to release the other day saying that a two
and a half thousand fast food workers have been brought
and there's a thousand beauty therapists, and yet we have
almost according to the number out the other day, fifteen
percent of young people in this country doing nothing with
(08:08):
their lives. Why are we not getting those young people
to do those jobs instead of bringing labor in.
Speaker 9 (08:15):
Well, it's considered from an employer's perspective. If you've got
someone who's well experienced in the area, and you've got
your facing a minimum wage, you can choose to hire
someone who's not New Zealand experienced but has a lot
of overseas experience, or someone who has no New Zealand
experience or anywhere else experience. You'll probably go for someone
(08:35):
who's got a bit more experienced.
Speaker 2 (08:37):
Yes, that's being fast with you.
Speaker 11 (08:39):
The minimum wage.
Speaker 2 (08:40):
Yeah, but in fast food you know what I mean?
Speaker 9 (08:42):
Oh sure, yeah, that it is disappointing. Yes, the Act
has been talking about revisiting the the categories for work
shortages more regularly. I'm not quite sure on some mechanics
on being able to do this annually, because you'll end
(09:02):
up inevitably hitting people who are mid process in getting employment.
There were also a few prompt Sorry, there are always
niggles in immigration policy and a few swings in roundabouts.
So one of the ways that the last government found
it easier to accommodate more migration after the borders had
been closed for a really long time. Was by broadening
(09:25):
access to the Accredited employer program. So more traditionally large
employers with big reputations and a lot at stake had
a pathway for as an accredited employer to bring workers
through when people were screaming out for workers because of
desperate labor shortages when the economy is overheated. They extended
(09:47):
that to a lot of employers that possibly shouldn't have
gotten that. So that's one of the things that could
have been fixed.
Speaker 2 (09:53):
Doctor Eric Crampton, appreciate you Tom this morning, chief economist
at the New Zealand Initiative. Eighteen minutes after five year
on news Talks, they'd be able to talk about smoke
a big tobacco next.
Speaker 1 (10:02):
Ryan Bridge on early edition with Spunk for Business Technology
that keeps business moving News talks that be We've.
Speaker 2 (10:09):
Still seen the last gasps from Starma. The death rattle
is happening. You can't coop while the King is at Westminster,
which is why nothing's happened yet. But he had a
seventeen minute coffee with We's streeting as Health Secretary and
Starma number ten came out said don't worry. It's all good,
it's all good, nothing's happening here. But then you've got
Wes Streeting's allies coming out and saying he's preparing to
resign and trigger a coup. The opposition making light of
(10:34):
this whole situation, saying they want to lead our country.
This is labor. They can't even lead a coup. Ryan
Bridge really messy. Indeed, Talbot Mill's smoking survey out this morning,
just over one thousand people, two thirds of them reckon
our smoking laws are influenced by big tobacco. They want
to see a return to low nicotine cigarettes. Half want
(10:54):
a ban on nicotine pouches. Professor Chris Bullen, Orkan University Professor,
Public Health Health Coalition ALTETA Health Coalition ALTA is a
by their definition, a titidity led coalition of health NGOs.
Winston Peters has previously labeled them left wing. Professor Chris
Bullen joins me this morning, Good morning, good morning, how
(11:15):
are you very well? Thank you? So the survey saying
that the policy has influenced my big tobacco is the
I mean, could you say that of any industry?
Speaker 11 (11:27):
Sure all industries are policies orientated towards them. I think
the big difference here is we've got a long history
of dealing with the tobacco industry all around the world,
and they behave in particularly bad ways. Their products are
incredibly harmful. That's well known. So why should a government
that seems to be interested in the health and well
(11:51):
being of all New Zealanders they give access to these
this kind of industry to influence their policy in a
way that we are.
Speaker 2 (12:01):
Has it led to more harm? Are we seeing more
harm today than we were two years ago from tobacco products?
Speaker 11 (12:10):
Well, I think the answer is that we're stalled with smoking.
Smoking being the most harmful tobacco product out there. The
prevalence of smoking should have been lower than it is
if the government had held to the previous settings policy settings,
But when the coalition government came in, one of the
(12:30):
bottom lines the US in the first was to repeal
the smoke free legislation, which modeling suggested would have dramatically
reduced smoking below five percent in a few years. So
that were we to rebelieve around an additional eight thousand
people buying from smoking related diseases over the next twenty years,
and that could be prevented through appropriate policies.
Speaker 2 (12:52):
That's only in the legal market, right And if you
look at Australia where they have between fifty and sixty
percent of all tobacco and nearly all vaping products in
Australia right now are from criminal suppliers according to Deacon University.
So yes, you might be able to do what you
say you want to do with legal products, but it
(13:13):
won't stop the clearly stubborn six point eight percent of
New Zealanders who want to smoke a durry.
Speaker 11 (13:20):
Well, we don't have the same issue with illegal tobacco
because of our regulated vaping market and because the set
policy settings have actually been I think more sensible here.
But we do need to be very careful because things
could turn suddenly in the wrong direction. However, the monitoring
(13:44):
that the Mystery of Health has been supporting in trying
to assess the size of the illicit market doesn't suggest
that the problem here is as bad as it is
in Australia by any stretch.
Speaker 2 (13:55):
Okay, appreciate your time this morning. An analysis Professor Cris
Ball and Ulkin University Professor Public Health Coalition. At our
time is twenty four minutes after five Ryan Bridge. He
interesting number the unemployment rate. I mean, you think it's
bad here, and I was talking about almost fifteen percent
of nets not in education, employment or training young people unemployment.
(14:15):
The general rate of unemployment in France eight point one
percent for Q one this year, highest level since twenty
twenty one. But they've had a problem with unemployment in
France for decades and mccroncaidy do something about it, and
he hasn't really done anything about it since taking office
in twenty seventeen. The reforms haven't worked. Unemployment. High unemployment
continues to plague their labor force. If they're not on strike,
(14:37):
they're just not at work. It is twenty four after
five News Talks VB.
Speaker 1 (14:42):
The early edition full the show podcast on Ihart Radio
powered by NEWSTALKSB.
Speaker 2 (14:48):
Five twenty seven News Talks Hebb. You can't escape bureaucrats
in Wellington. It's just an occupational hazard, isn't it of
living there? Despite the bad press that they get, they're
not all useless, but it depends on how you use
them and how often you use them. Take the Golden
Mild disaster as just one example of this. Council agrees
to a project that can't afford expensive crazy ratepayers revolt.
(15:09):
By the way, a lot of the money coming from
US taxpayers generally cost blows out from one hundred and
sixty million to two twenty that's sixty million blowout or
thirty disco toilets and Wellington dollars. New mayor comes in.
Review is ordered. Then enter the reviewers, a nine person
panel supposedly independent reviewers, costing four hundred k, which is
(15:32):
at least one bike rack for cyclists in Wellington dollars.
Then yesterday there's a meeting. They basically say this thing
is still somehow affordable for Wellington, despite the fact the
city can't afford to fifty cent mix at the dery.
At present enter the mayor. Mayor is asking some questions
about Mission Creep. He's suggesting that political judgments are being
made by these reviewers. They want their big project and
(15:55):
they don't really care which poor old Wellington ratepayer funds it.
This is not entirely the fault of the Boffins doing
the reviewing, because as I understand it, the review was
set up not to actually make major changes to the
Golden Mile, just tweaks, which begs the question why was
a review ever needed at all? And why did it
cost four hundred k. You either want to spend sixty
(16:18):
million dollars in which case do or you don't, in
which case don't. Why the endless spending on pen pushes
and the reviewers at all? Bryan Bridge, twenty eight minutes
alfter five. Now we spoke about the Aussie budget yesterday
and the capital gains tax not just property obviously, and
there's been some interesting numbers put out. Stock Spot founder
(16:39):
Chris Bryeck has come out with some numbers young Australians
investing into exchange traded funds, so you're getting some on
the stock market, and these people are off more often
than not saving for a house deposit, and that's the
whole thing with this. So we want to get game
people into houses. So interesting they've don't run the numbers.
(17:00):
What does the capital gains tax due to their investments? Well,
it could see the capital gains tax bill increase by
more than two hundred and sixty percent. If you've got
twenty five k in an ETF investment forty thousand dollars
over five years, that's equivalent to a nine point nine
percent a year pre tax return you are missing out
(17:23):
on two thousand, one hundred dollars under the new rules,
and that if you're saving for a house, is an
extra year? Not great? Is that when you look at
it from that perspective. News Talks B We're life at
the State's next can kim.
Speaker 1 (17:41):
The news you need this morning? And the in depth
analysis earlier edition with Ryan Bridge and Spark for business
Technology that keeps business moving.
Speaker 2 (17:51):
News Talks a B pretty more away from six year
on News Talks B Inside the next twenty minutes, will
the Trump she summit over in Beijing. Will also get
to Mitch McCann state side for us this morning. Ryan,
we did an interview a couple of minutes ago about
smoking and a poll that says a lot of two
(18:12):
thirds of us apparently reckoned that big tobacco has an
influence on our smoking legislation. Here, Ryan, tell this guy
that you're talking to, I'm going outside for a durry.
This is the tenor of the text.
Speaker 3 (18:25):
Ryan.
Speaker 2 (18:25):
This is on the Golden MAB from Monique. Good summary
had me laughing this morning. Good to hear Monique. Ryan.
This is from Luke. Politicians, counselors, bureaucrats, contractors, and consultants
on the public teap living their best life since ages ago.
Speaker 1 (18:39):
Ryan Bridge, Callum.
Speaker 2 (18:40):
Procter, into Needing morning, Callum morning, Right, much interest in
this Queenstown Lake top job?
Speaker 12 (18:46):
Yeah, apparently there has been a strong response from the
community to council in queenstun looking for its next chief executive.
More than one hundred have applied for the job. Mike
feelin An outs last year that he wouldn't seek reappointment
after ten years in the role, but still no appointments
been made. The Queenstown Lakes Mayor John Glovers his council's
encouraged by this response and the caliber of candidates stuff received.
(19:10):
The next phase will involve a thorough review of applications,
shortlisting and in the formal interviews, and no dates been
given for when the new CEO will be appointed. All right,
how's your weathering fine for Queenstown ansoneden today fifteen and
Queenstown fourteen.
Speaker 2 (19:24):
Here nice one, cheers Callum clear and christ Church morning, Claire,
good morning. You got the new stadium now we're fighting
over what to do with the temporary stadium site.
Speaker 7 (19:32):
Yes, that's exactly what's happening.
Speaker 6 (19:34):
So we've got some christ Church City councilors questioning why
the public isn't being involved in consultation before decisions are
made on the old stadium site. That's the one at
Addington known as Apollo Projects Stadium. Yesterday the council met
and they have made a decision to ask RMA Reform
Minister Chris Bishop to fast track the rezoning of that
site in order to allow a broader range of things,
(19:55):
including housing. Now, five councilors opposed the decision to write
to the minister. A local councilor, Melanie Coca, was one
of them. She says she's already gathered feedback from residents
on her Facebook page and that public inputs should be
prioritized before rezoning is done.
Speaker 7 (20:10):
She says, well, she doesn't.
Speaker 6 (20:11):
Have any particular views on what should happen with the land,
she thinks that genuine consultation with the community is needed.
Speaker 7 (20:17):
The Mayor Film Major Thole, on.
Speaker 6 (20:19):
The other hand, said the area is in desperate need
of housing and he's pleaded for his colleagues to vote
in favor.
Speaker 7 (20:24):
So in the end they came to a balance.
Speaker 6 (20:27):
They've decided to write to the minister and start the
process of fast tracking that rezoning, but community consultation will
also take place later this year.
Speaker 2 (20:35):
Everyone loves a fast track, don't they. How's you with
the clear?
Speaker 6 (20:38):
Fine, but a bit foggy and frosty to start, some
cloud developing a bit later at light winds and sixteen degrees.
Speaker 2 (20:44):
I thank you morning, big Boy, Big Maxie and Wellington,
how are you? Good morning? How are you going? I'm
very well? Thank you? Who's quit? What project?
Speaker 3 (20:53):
So?
Speaker 13 (20:54):
The Oriental Bay band rotunda along the harbor front, prime
beach location, central enough to walk to, sitting empty since
twenty twelve. In September we got wonderful news it was
going to be done up. Beautiful new restaurant, garage project, bar,
a day spa going in there as well as part
of it. I can't tell you how significant this would be.
You come to the city for the first time and
(21:14):
it's instantly noticeable. You get up close and it's a
rickety shabby dump. Even had a high profile chef lined up,
Ben Bailey, who runs a few of the bigger restaurants
around the country. He's out a breakdown in negotiating. Apparently
couldn't reach commercial terms with developer Watson Group. Interesting quote
from garage project off the back of that as well.
Work is progressing and we are hopeful will be operational
(21:37):
later this year, but hard to know if that'll actually
happen or not. So what is happening, It's not clear.
It's been for some time notoriously difficult to open a
bar or restaurant in Wellington. If this did fall apart,
I think it would be a sort of reading level,
reading cinema level of debacle.
Speaker 2 (21:52):
Yeah, it's such a shame because it is such a
cool spot. Have they still got that ship there that
you can go and there's a Sellard bar on board it?
Speaker 3 (21:58):
You know?
Speaker 2 (21:59):
The what I'm talking about that.
Speaker 13 (22:00):
I believe closed down a few maybe last year or
the year before, but I believe it's closed. The restaurant, Yeah,
the floating the floating restaurant.
Speaker 2 (22:08):
Yeah, how's it wet?
Speaker 13 (22:09):
The partly cloudy southerleast twelve?
Speaker 2 (22:12):
Nice one, Thanks Max Neva, good morning, Good morning. Monitoring
will show if new Protections and the Hardacre golf are
actually working.
Speaker 14 (22:18):
Yes, correct, So what's happening is at the Department of
Conservations that's surveying a range of habitats inside and outside.
This is the twelve new high protection areas that were
introduced last year. So it aims to understand the ecological
trends and conditions more with the focus on the species
like lobster and reef fish. So Doc Marine scientist Emma Kearney,
(22:41):
she's saying, look, they want to know how effective these
protections are, especially in places like Goat Island, because everyone
goes to Goat Island, don't they do.
Speaker 2 (22:49):
You go, Yeah, I've been there before.
Speaker 3 (22:50):
Yeah, I've been there once.
Speaker 14 (22:52):
It is there's always a lot of people the year. Anyway,
She's saying that they know all the pressures in the
marine environment can just help undertake the restoration. So that's
what they gathering information.
Speaker 2 (23:02):
And how is our weather?
Speaker 8 (23:03):
Fine?
Speaker 14 (23:03):
Fine, fine, I have seventeen no wind, no rain.
Speaker 2 (23:06):
But getting a little nippy, isn't it?
Speaker 14 (23:09):
As you touch your nipples, Yes, a little nippy in
the morning.
Speaker 2 (23:14):
Calling see that. Oh sorry, we don't need to tell
everybody everything. Oh I just sort of take a picture
some of the things you and I do in here.
Nobody needs to exactly.
Speaker 14 (23:24):
I'm sorry, listeners, do you think I still have my job.
Speaker 2 (23:27):
After I WoT? Do you know what? I think You're
going to be? Just fine? Just fine. Never it is
eighteen away from six yer on news talks, there'd be
shijingping and Donald Trump meeting in Beijing. Trump has touched down.
We will get to that in a couple of minutes. Also,
we're stateside with Mitch McCann six sixteen away from six
year on news talks. BG, you thought things get about
(23:47):
Argie Barjie in our parliament, well, spirit fought for the Philippines.
The Senate. There were gunshots ringing out there. A senator
who's wanted by the ICC, the International Criminal Court, hunkering down.
This is Ronald dela Rosa. He's accused of overseeing Dette.
You know, the pre previous president his crackdown on drugs,
Rodrigo's crack down on drugs. He was overseeing it and
(24:10):
so they've gone in to round him up and get
him out.
Speaker 3 (24:13):
Now.
Speaker 2 (24:13):
Interestingly, Dette's daughter, Sarah Deturte, vice president, she was impeached
just in the last week. So there's a bit of
a battle over who's going to lead the country. But
not a great sign when you've got gunshots in your Senate.
Speaker 1 (24:26):
International correspondence with ends and eye insurance. Peace of mind
for New Zealand business.
Speaker 2 (24:33):
It is quarter to six, So a posse of tech
x execs going with Trump to Beijing. He's touched down
there and we're going to Mitch McCanny stateside for US
much Good morning, Yeah.
Speaker 8 (24:45):
Good morning, Ryan.
Speaker 2 (24:46):
This is a big trip for Donald Trump.
Speaker 8 (24:47):
It's interesting to note that a US president hasn't actually
met with China's leader since twenty seventeen, although Donald Trump
has met with President g around seven times. These meetings
are going to take place in the coming hours and
on Beijing time. They're going to focus on war trade
in ai Donald Trump says he wants it to focus
mostly on trade and he wants China buying more American goods.
(25:09):
But here's a couple of interesting points here, I think
behind the administration's talking points. One is what's Donald Trump
going to say about Taiwan. It's reported that China is
very unhappy that the US plans to sell weapons to Taiwan.
And another aspect is the war in Iran. It seemed
to be one of the top topics being discussed amid
allegations that China has been assisting Iran and its defense,
(25:30):
So lots to discuss when they meet. And also those
tech giants going with him as well, looking to do
some deals around critical minerals in the US.
Speaker 2 (25:37):
Also, the Golden Dome. This is Trump's missile defense system.
Tell us what the cost blowout is at this point.
Speaker 8 (25:44):
Yeah, it's about seven times more than expected. This is
one of Donald Trump's I think you can call it, Ryan,
a legacy project that he wants to leave behind. It's
a Golden Dome, which is like a missile defense system
to protect the US, similar to what Israel has with
the Iron Dome, but Donald Trump's is a bit more fancy.
It's got weapons and censors in space. Donald Trump initially
thought this was going to cost one hundred and seventy
(26:05):
five billion. The figure that's been put out by the
US government in the last day or so is one
point two trillion dollars over the next twenty years. But
it's a legacy project, Ryan, so it's probably still likely
to go ahead.
Speaker 2 (26:18):
Yeah, that is much mccairn State signed for US this morning,
chairs Mitch, thirteen minutes away from six and on that,
let's go to Malcolm Nance, intelligence foreign policy analyst, former
United States Navy senior chief with US this morning. Malcolm,
good morning. This is the big meeting is under is
almost underway. I should say, we have the president arriving
(26:38):
in Beijing. Who has the upper hand here? Do you
think in these talks?
Speaker 3 (26:44):
Well, unfortunately, China is playing the adult in the room. Now.
Donald Trump has shown that he cannot maintain a stable
foreign policy or a policy platform that would allow you know,
the United States to take advantage of what every little
leverage that they've gotten out of the Iran War. And
Trump is confronted with having to do one of two
(27:05):
things today or during his visit. One beg China for
assistance in using maybe even their naval forces to come
and help work with the Iranians to open the Strait
of Horn Us. And there are other things that the
United States needs that China is now. Protectionist in Urrea, nitrate.
(27:26):
China will not allow any fertilizers to be shipped out
of their country right now, and their national oil reserves
are almost you know, invoking jealousy within the United States.
So we are sort of the United States are behind
the eight ball on being able to leverage this trip.
That Chinese, on the other hand, will likely view it
(27:48):
as an opportunity to eat America's economic lunch.
Speaker 2 (27:51):
Malcolm, what do you think he's going to say about
Taiwan if anything?
Speaker 3 (27:55):
Hmm, I really fear about that because Donald Trump a
transactional person. He does not believe in consistency of history, policy,
or continuity of what one president thinks, you know, is
right in terms of defending democracies or allies. Trump views
(28:16):
it as what he can get out of it. Personally.
Is there a man that admires Gi for being a
life president. He admires Kim Jong un for being able
to do what he wants and have people, you know,
jump up and clap like a group of trained seals.
So with regards to Taiwan, he'll probably view it as
(28:37):
a financial transaction. Taiwan creates microchips for the United States
and also buys US defensive weapons. It really is up in.
Speaker 2 (28:48):
The sounds like we've lost Malcolm there. That was Malcolm Nance,
intelligence foreign policy analyst and former United States Navy senior
chief with us this morning. Hey it is, and just
gone ten minutes away from six interesting numbers on tourism.
And I didn't quite realize this though. It kind of
makes sense given our proximity to one another. But New
(29:09):
Zealand is the favorite travel destination for Australians and vice versa.
So New Zealand is visiting Australia made up fourteen percent
of all the tourist arrivals in Australia. So we love them.
But the good news is they love us right back.
We're close. It makes sense. We go and eat in
Sydney at restaurants and then we go somebathe on the GC.
(29:31):
These are all good things. And while we're on Trump,
just for a second, there were plans, you might remember,
plans for a big Trump tower in Queensland and they
have been scrapped and apparently the developer is saying two reasons.
One the Iran War and price increases and cost of
development increases, and two Trump's toxic brand. So there you go.
(29:54):
You won't be able to go to the GC as
much as we love visiting and stay in a Trump tower.
It is nine away from six News Talks HEADB.
Speaker 1 (30:03):
Here at first Ryan Bridge on early edition with Spark
for Business Technology that Keeps Business Moving, News Talks, HEEDB
News Talks HEB.
Speaker 2 (30:12):
It is seven minutes away from six. It's interesting. Well
I suppose it makes sense, doesn't it. But there is
a study out this morning from Imperial College in London,
and they reckon that in obesity rates in some countries,
I rich countries are leveling off or potentially even falling,
And they're sort of now doing another study into why
is it not obvious everyone's on the jab, everyone's getting
(30:34):
their ozempic and getting ozempic face in the process. It
is disc one six minutes two. Ryan Bridge, Good morning, mate, mate.
Speaker 15 (30:42):
I reckon that's the story of our time. The jabs,
the glps, the way it's transforming the world. It will
transform the health systems. It's transforming the fashion industry. At
the moment, no one's making fourteens anymore because no one
wears fourteens anymore. Second hand clothing industry is festooned with
large clothes because first thing you do when you lose
a lot of wages you feel good. Of course, it
(31:02):
affects the alcohol industry because of course part of taking
it together a pill drink, you don't drink anymore.
Speaker 2 (31:08):
So isn't it I mean, is there something just quinite
perverse about this whole thing that is human beings. We
over indulge to the point where we become morbidly obese,
and the only way to stop that is to take
ye it.
Speaker 15 (31:20):
Was always going to be the way. The moment you
can produce a pill, and that's the pill now as
opposed to the JAB. At the moment you can produce
a pill that solves your problem, you'll take it.
Speaker 2 (31:28):
Yeah, But isn't you know there's something fundamentally wrong with
with human beings that we just gorge until we kill ourselves.
Speaker 15 (31:35):
Of course we do, but nevertheless it solves a problem.
So I think, I think once it goes through the
health system, which it hasn't yet, because of course, what
you'll see over many, many years is there will be
less cancer, there will be less diabetes, and all you
think about the savings. You think about the cost of
diabetes in this country, time dialysis and type two diabetes.
You think about the cost of that, and then you
(31:56):
start reducing that because you've glped everybody. That's where the
argument comes from. There should be because this is what Trump,
to his credit, has done. Those sort of pills and
potions in America are vastly cheaper than they are in
places like New Zealand. You know, there's non argument that
you should be able to go along and because of
the savings you'd make right ondred percent long too.
Speaker 2 (32:15):
Have you ever struggled with your weight?
Speaker 3 (32:17):
No?
Speaker 2 (32:17):
Why, well what do you make?
Speaker 3 (32:18):
Well?
Speaker 2 (32:18):
No, you ever been a little bit big?
Speaker 15 (32:20):
Let myself go. Let myself go in the one I
was in christ So I'm guessing what would it be
late eighties.
Speaker 2 (32:25):
Early ninety something like that. Nice, I think a photo size.
Shut up.
Speaker 15 (32:31):
Anyway, I came to I came to Auckland, and I thought,
what am I going to do to lose some weight?
I was at eighty one, so I'm at sixty five.
As you look at me, now pick you up with
my finger. Well you probably could, don't, please don't. So
I'm at sixty five. So I got to eighty one,
and I thought, what am I going to do?
Speaker 3 (32:48):
So?
Speaker 15 (32:48):
Because I used to be into sport a lot, and
so that's when I stopped sport. You got into the
I'm too busy working, so I packed it on. So
I got to eighty one. They thought what can I do?
So I decided I was going to take up tennis
because I used to play tennis. So went and got
myself a coach. And what I didn't realize was that
if you're you know, you can hit a ball. If
you rally with a coach for an hour, that's tremendous exercise.
(33:08):
And I lost eleven kilos in a month and a
month and a month I just didn't I did, so
it just fell off. It's eleven kilos in a month.
Speaker 2 (33:17):
I went down.
Speaker 15 (33:18):
I went down to seventy.
Speaker 2 (33:19):
So you don't need a pel. You just need tennis.
Speaker 15 (33:21):
Well, you need tennis or exercise, but you know if
a pill can do it.
Speaker 2 (33:24):
You know there is are you're talking to today.
Speaker 15 (33:26):
A couple of insights into the way we're doing business
in this country. I found fascinating bricks and waters big
you have this whole everything's online? Not true.
Speaker 2 (33:34):
I don't buy things online, No, exactly, Nicola.
Speaker 15 (33:36):
Why would you my clothes online?
Speaker 2 (33:38):
Well, you don't know if they fit one hundred percent,
and we're yo yoing and wait so often. How would
you know anyway? Niicola?
Speaker 15 (33:43):
Wellis two point one? What do you do with two
point one as opposed to two point four? I remember
last year when we thought two point four was next
to nothing. Well, two point ones even less better? Be
all all, be most of it on capital Except she's
Weather's after seven pst.
Speaker 2 (33:57):
MICA's with the next, have a great day. Everybody, see
you tomorrow fighting.
Speaker 3 (34:02):
So I just want to be.
Speaker 1 (34:03):
By 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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