Episode Transcript
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Speaker 1 (00:00):
The issues, the interviews and the insight. Ryan Bridge on
early edition with Spark for business technology that keeps business
moving news talks.
Speaker 2 (00:10):
That'd be good.
Speaker 3 (00:11):
Morning at Thursday. Great to have your company six after
five you can do more at the pharmacy, less at
the doctor will look at that before six. Mitch McCann
state side. For us, we've got our first billion dollar apple.
Why future fuel shipments are being kept secret from us?
And like a drunk wanting more booze, the IRD wants
more tax. The agenda Thursday to sixteen to April. Run's
(00:31):
getting a bit touchy with the blockade. They're saying, if
you keep doing this, we will block ships in the Golf,
in the Red Sea and in the Gulf of Amman.
So when's this thing over?
Speaker 1 (00:39):
Trump?
Speaker 4 (00:40):
Well, you keep saying, wise, is this war over?
Speaker 5 (00:43):
I think it's close to over here. I mean I
view it as very close to over. You know what,
if I pulled up stakes right now, it would take
them twenty years to rebuild that country. And we're not finished.
Speaker 3 (00:54):
Now. He's threatening to rip up the trade deal. You know,
he just signed this trade deal between the US and
the UK. Allys visual relationship. That one is now saying
I'll rip it up because you didn't help us out.
Speaker 6 (01:04):
It's the relationship where when we asked them for help,
they were not there when we needed them. They were
not there when we didn't need them. They were not
there and they still aren't there. Sounds like it's very
bad in that case. I put it to him and
with that he had a threat. Well, it's been better,
but it's sad, and we gave them a good trade
deal better than I had to, which can always be changed.
Speaker 3 (01:28):
I mean, these are just tweets. You've got to ignore
them at some point, don't you. A bit of an
uproar though. In PMQ's in the UK.
Speaker 7 (01:33):
To speaker in a phone call with sky News last
night preasident, Trump has threatened to rip up his trade
deal with the UK as punishment for US not joining
his idiotic war in Iran. The speaker, this must be
the last rule. Surely the Prime Minister can't send al
Qi to meet a man who treats our country like
(01:55):
a mafia boss running a protection racking.
Speaker 3 (01:57):
Yes, so the King is going there. More on that, surely,
here's Starmer's reaction.
Speaker 7 (02:01):
Not going to change my mind.
Speaker 6 (02:03):
I'm not going to yield.
Speaker 7 (02:05):
It's not in our national interest to join the floor
and we will not do so.
Speaker 3 (02:09):
I know where I stand. Finally, this morning, and speaking
of royal tourst Megan Markel is going to appear as
a guest judge on the new season of Mastership Australia.
This is feathering her nest with the commercial deals while
they're on a visit to the lucky country.
Speaker 8 (02:24):
Please welcome to Mastershof Australia.
Speaker 6 (02:27):
The duchess are Sussex.
Speaker 3 (02:29):
For Meghan, then you have to hit the applause button
quite hard for that one, don't you. According to the
network ten, Meghan filmed the episode in Melbourne on Wednesday.
Shows eighteenth season are set to air this weekend.
Speaker 1 (02:47):
The first word on the News of the Day Early
Edition with Ryan Bridge and Spark for Business Technology that
keeps Business Moving News Talk z'b.
Speaker 3 (02:56):
Fine is nine after five nine two nine two is
the number to text. Would love to hear from you
this morning as always. Now, I told you that Karne
would get a majority in the House of Commons and
he got it because of the by elections. One of
the more popular leaders in the world right now, you
would have to say, in fact, probably one of the
only popular leaders of a democracy in the world right now.
Nothing stops the Carney train, and one of his first
(03:17):
things he's done is gone and cut the fuel tax
there because of the war in Iran.
Speaker 9 (03:20):
To be clear, today's cut to the fuel axize tax
is a responsible, temporary measure, consistent with what it takes
to build a stronger economy.
Speaker 3 (03:32):
All singing from the same song sheet. Really, same as
Nicola willis, same as the way that what's his name,
Albanize he's been framing his in Australia. Carney's is three
billion bucks and the Conservatives there were actually saying cut more,
cut harder, go further until the end of the year,
and he said, no, it's the timely temporary thing. So
he's keeping five percent GST on there. It's only going
(03:54):
to last five months. But what's really interesting, and this
is a message to lay in New Zealand I reckon,
is you've got Carne coming out and saying that the
government is going to now invest in infrastructure specifically to
boost oil and gas production. Now, why would you do
something like that when we've got a climate crisis. It's
(04:14):
because you're protecting your domestic audience, right, you're protecting your
domestic citizens and consumers. So that's what he's doing. He
is literally going out there and throwing money at oil
and gas production. And as I told you earlier in
the week, Albanese is doing the same. He is trying
to pump up oil and gas production because they need
(04:36):
more for demits and they don't want to run around
the world cap in hand as Albanese is having to
do now. So they're all singing from the same song
sheet Starmer, different kettle of fish, you know. Trump's saying,
go to the North Sea and drill, baby, drill and
starm is a different kettle of fish. But look at Carne,
look at Albanesi, and then look at Pipkins. Why is
(04:58):
he the old one out? Ryan Bridge, time is eleven
after five. Next they want more tax, of course they
do from us hard working Kiwis. We'll get them to
justify that.
Speaker 1 (05:09):
Next on your radio and online on iheard Radio Belly
Edition with Ryan Bridge and Spark for Business Technology that
keeps business moving News Talk z'b five thirteen.
Speaker 3 (05:23):
Good morning to you, Auckland. The population of the city
has doubled since the early nineteen eighties, now one point
eight two million people, and they reckon that'll hit two
million by twenty thirty three. There's a new numbers out
yesterday from stats n Z, So within seven years we'll
have two million people. All things going to plan. Now,
forty two percent of auckland Is are now born offshore.
(05:43):
Auckland is like a funnel to the provinces because basically
people come in here from offshore settle in Auckland and
then every year a lot of people move out of
Auckland and go to the provinces. So it's the sort
of grow, disperse and replace really is what it is.
And they come large from India and China, unless you're
a rich American Trump Hazer, and then you go straight
(06:04):
to Queenstown, Bryan Bridge. Inland Revenue reckons we're not paying
enough tax. Well, actually Treasury reckons we're not paying enough tax.
And then Inland Revenue has set out some ways that
we might get more of it, floating higher GST in
capital gains tax. This is their latest long term insights briefing.
Jeff Nightingale, independent tax expert, with me this morning.
Speaker 10 (06:22):
Hey Jeff, good morning Ryan.
Speaker 3 (06:24):
How much more tax are they going to take us
off us?
Speaker 10 (06:28):
Potentially a lot.
Speaker 4 (06:30):
Yeah.
Speaker 10 (06:31):
I mean what Inland Revenue is doing to set out
options to raise higher tax revenues in the future, it's
not necessarily recommending them. It's just saying, if you need
more tax revenue, this is what you might do. But
it's doing that in the face of our long term
fiscal forecasts, which is structural deficits. The government's spending more
(06:53):
money than it's actually raising and so that's that's the
thing that's responding.
Speaker 3 (06:58):
To, how what can we not cut our way out
of this problem?
Speaker 10 (07:02):
Yes we can. Yeah. So if a government stands more
than it takes in and revenue, it's got a deficit.
And that deficit can only be filled in three ways really,
and there's only three tools you can borrow, which is
what we're doing at the moment, and that, of course
is not sustainable. We end up with huge debt. You
can cut expenditure or you can raise taxes. Al most
(07:24):
likely you need a combination of two of those things,
cutting extendits and raising taxes and inland revenues. Looking at
the raising taxes side of that equations.
Speaker 3 (07:32):
It's interesting when they look at the income tax rate.
You know that top income tax rate thirty nine percent,
and then you've got your company tax rate, which is
twenty eight percent, and you've got people who are funneling
what should be personal income into a company because you
get the lower rate. But you can't really avoid that,
can you.
Speaker 10 (07:48):
No, that is a phenomenon, and there's an even greater
phenomenon that they point out, and perhaps that's people funneling
income or converting income into tax capital gains. So going
from thirty nine to effectively zero, but that's a very
hard thing to solve unless you've got a flat tax
rate and unless you use a pretty high number, the
(08:12):
flat tax rate doesn't raise enough revenue.
Speaker 3 (08:15):
So what would what would it need to be Jeff
if we did go with that stream of a flat
tax rate?
Speaker 10 (08:22):
Yeah, I mean with a flat tax rate, what you
do is reduce the top personal rate and you increase
other rates, and it probably needs to be about thirty
thirty five percent. And the problem with a company tax
rate at that level is we rapidly become competitive internationally
and so that turns off international investments. So these are
the things that everyone's in, everyone's trying to balance. They
(08:45):
do acknowledge and their insights. We we think that you know,
all taxes impose the cost on economies when you raise them,
so simply raising more taxes as damaging to economic growth,
and so they do acknowledge that trade off.
Speaker 3 (08:59):
Nightingale Tax expert Independent tax expert Good Tavy on the
show as always. By the way, so our company tax
rate twenty eight percent. The OECD average is twenty four.
So that's why you can't do I mean, if you
had a flat tax rate at thirty something, you would
be one of the least competitive business environments in the
entire world. Seventeen after five.
Speaker 1 (09:20):
News and Views You Trust to start your day. It's
early edition with Ryan Bridge and Spark for business Technology
that keeps the business moving.
Speaker 3 (09:30):
Hus Talks they'd be whose talks they'd be Nineteen after five.
It's interesting what's happening with the fuel stocks because the
government's running essentially a high trust model where they're saying,
don't worry trust us. We've got confidential private company information
that gives us confidence that we're not going to run
out of this stuff. And actually, if you look at
the petrol pumps, people aren't freaking out and filling up
(09:50):
jerry cans like they are of in Australia, so actually
they must trust the government also.
Speaker 11 (09:55):
Really reassured and confident because we have our fuel importers
can provid giding us with our sense of commercial information
that gives us confidence that those orders are confirmed outstand
of May and then planned quite well into show.
Speaker 3 (10:07):
So basically we're being told about the next three weeks
beyond that, your forward shipping schedules. The companies, your z's,
your mobiles, they want to keep that information private and
the government has agreed to do so that's why we're
not being told about it, right and bread Rich Another
Kivy business success story for you this morning. The Envy
Apple has cracked a billion dollars in global sales, a
(10:27):
first for a New Zealand Apple brand, humble beginnings in
the eighties, now ground in thirteen countries, sold in more
than fifty markets. Shane Kingston, Turners and Growers Apples managing
director with us this morning. Get a Shane, good morning, Ryan,
Good to have you on the show. So you tell
us what it tastes.
Speaker 12 (10:44):
Like in these un parallels, So due for looking up
but then really really strong fresher role mar and then
to buy. It's got to balance sweetness and a really
satisfying crunch, so it's quite again sample so it's quite
fulfilling to eat as well, so really quite unparalleled as
an apple.
Speaker 3 (11:02):
How was it breed?
Speaker 12 (11:05):
Yeah, so was developed by the Bioeconomy science since two
back in nineteen eighty five. It is a cross between
Bravern and Royal Gala and it was really developed with
the intent of meeting and unnet consumer need globally at
that point in time, but also to have attributes which
enabled it to be grown in a variety of different
conditions globally. So from the outset the intent was really
(11:27):
ambitious and then overtime tng in the commercialized and we've
developed a very strong into end global system which we
participate in but many others do, which then drives real
consistency of how we bring that apple to the world,
as like you said in your intro, from thirteen growing
regions to fifty five markets and there's a very consistent
(11:48):
attribut driven system that supports.
Speaker 3 (11:50):
That who loves it shan.
Speaker 12 (11:53):
Everybody actually, So when we look at our consumer profile
across the world and we get some really rich data
on this, we see everyone from kids right the way
through to elderly folks. So again it's an apple that
it's taste profile is very you know, it's got broad reach.
But also as an apple, it's a satisfying eat given
its size, et cetera. So it's got a wild wide reach.
(12:16):
Give you an example in North America. Over the last
two years, we've grown our household penetration, so one hundred
and thirty two million households in North America. We've grown
from just under ten percent to almost fourteen percent. And
that's a broad prospectrum of shoppers and profile and shopper
profiles that are that are participating in that.
Speaker 3 (12:35):
Of the one billion, what proportion is grown offshore?
Speaker 12 (12:40):
About seventy percent now, so New Zealand accunts for thirty
thirty one percent of our global crop, so seventy percent
is grown offshore. The majority of that is split between
North America and Europe.
Speaker 3 (12:52):
Who grows how do we How do local growers benefit
from that or do we not?
Speaker 12 (12:58):
Oh? Absolutely, so We've got over a hundred growers here
in New Zealand. We as TMNG, are one of those. Look,
the biggest benefit for growers globally, but particularly here in
New Zealand, the returns that they get so yes, there's
more effort because there's a very codified system that we
expect to support. But the three yield and market returns
per hectare drive upwards of one hundred and thirty eight
(13:19):
thousand perctor return, you know, versus seventy thousand from your
traditional apple variety. That's a significant upside. So that's the
biggest benefit. In last year we paid out one hundred
and seventy two million to New Zealand growers alone, which
was twenty five percent up on the previous year. So
and we've a strong outlook to grow on that this year.
Speaker 3 (13:37):
Billion dollars is good, But what's your goal.
Speaker 12 (13:40):
Oh, look, we fundamentally believe, given our participation in markets
across the world that we can go easily to two
times that, and if we really get some strong performance
in our execution and partnerships globally, we can go beyond
that doubling position over the next couple of years.
Speaker 3 (13:58):
Shane Kingston, T and G Managing Direct, appreciate your time
this morning, Thanks for being with me. Twenty four minutes
after five. A couple of little updates for you when
we come back. One on not just a RAN but
China and the oil and the blockade. I mean, they're
obviously not happy, but there's a couple of interesting reasons
why you're on News Talk. CREB will be stateside before
(14:20):
quarter to six this morning, as well.
Speaker 1 (14:22):
The early edition full the show podcast on iHeartRadio how
Advy News Talks B.
Speaker 3 (14:29):
Five twenty six. You're on News Talks HEREB and a
very special good morning to all the redheads listening to
the show this morning. Lovely to have you tuning in.
There's a new Harvard research come out about human evolution
and it mentions you quite specifically, so I'll come back
to that in a second. I'll come back to you
in a second. But conventional wisdom says that Homo sapiens,
that's us. We've been round for about three hundred thousand years. Basically,
(14:52):
we stopped evolving as soon as we came into being.
We reached pete human and then we let's give up
tools down, go home. We don't need to evolve anymore.
It took us about seven million years to evolve from
looking more like apes. It took us four million years
to walk on two legs, which is one of the
things that makes humans humans. And more recently we learned
(15:12):
how to use tools and language. That took a while.
Some of us still not that great at it. But
once we stopped hunter gathering, you know, roaming around looking
for food, and settled down to farm our own food
and build cities and build civilizations and all that good stuff,
natural selection wasn't such a big deal. But that is
not true. They looked at DNA this study from sixteen
(15:34):
thousand people over ten thousand years, some from ancient burial sites,
some from modern DNA banks like the UK Biobank. So
we used to think natural selection was changing just a
dozen genes. Now they reckon it's hundreds of genes in
modern times. You know, Celiac disease that's now more common,
And you might think, why, who doesn't love pasta and oats, right,
(15:59):
you'd think ever would edit out something like Celiac disease.
But no, because the gene actually increases your resistance to
a whole bunch of germs and bacteria, so you're less
likely to die, You're more likely to live longer, and
the longer you live, the more likely you are to
pass that gene onto your kids. That's how natural selection works.
(16:19):
The gene for narrow wastes has become more common. This is,
according to the research, because we didn't need to store
as much fat. You know, when we were hunting gathering,
we had to store a lot of fat because we
don't know when the next meal was coming. Now we're farming,
we don't need to do it. Although you wouldn't know
that walking around the supermarket and checking out people's bellies,
would you. Redheads, it's your time to shine. The redhead gene,
(16:40):
the MC one R. It's become more common in recent history.
It's popular more gingers than ever before, more Gingers than
you can shake a stick out. Congratulations. The only risk
mystery in this whole story is why there is no
obvious survival advantage to being a ginger, other then I
(17:00):
suppose looking fabulous. Ryan Bridge talkb Faraja has given some
staged advice to Starmer on how to deal with Trump.
Speaker 13 (17:09):
Trump is not an easy man, and right at the
minute he's furious with Starmer because we've denied them the
use of the basis right at the start of the war.
Then we changed our minds, let things settle down. We
can have a good negotiation of that. I've got no doubt.
Speaker 3 (17:23):
Yeah, Ti Hoe don't listen to the tweets your on
News TALKSB with State Side with Mitch McCann.
Speaker 1 (17:28):
Next, Ryan Bridge on early edition with Spark for Business
Technology that keeps business moving. US Talk zib Yeah, move on,
(17:51):
stray far.
Speaker 3 (17:51):
Away from the six year on News Talk ZIBB. Coming up,
we'll hear to the US Trump's moving on from the war.
The White House briefing underway right now. It's all about
tax cuts. And here in New Ze forget the doctor,
get a pharmacist. We'll talk about that before six to two.
Ryan stops spending as much on welfare. Remember Chippy blew
us apart. The texta flooding in on this idea. Well,
how you might get more tax? So Treasury says we
(18:12):
need more tax. Also they said we need more cuts,
but we need more tax. Government needs more tax and irdcs.
This is how you could do it. One of them's
capital gains tax, one of them's up in DGST, A
whole bunch of stuff. Ryan. Ultimately, what these numbers tell us,
says Matt, is that we're living beyond our means. It's
pretty plain that we just need to cut fiddling around
(18:34):
with taxes. Ain't going to solve the problem. In fact,
we'll just drive more productive people off shore. Matt. Hard
to argue with that, Ryan, Why doesn't the government just
live within its means, says Chris. Look at the cost blowouts,
look at the increases in salaries for the top bosses
and the public service. It is out of control. Twenty
three away from six, Ryan breed. She's got to have
reporters around the country, Callum and to need more than
(18:55):
callum morning, Ryan, you got de Cinder in town?
Speaker 14 (18:58):
We do, and she's in demand as well. She's speaking
tonight at a sold out Regent theater. Former Prime Minister
back here for a rare public appearance in the South Island,
just into return taking the stage as part of the
Dunedan Writers and Readers Festival, and she'll be speaking at
the regions alongside former colleague and Otaga University Vice Chancellor
(19:21):
Grant Robertson. The people discuss their memoirs, reflecting on their
time leading the country together. Festival organizers have built the
event as a once in a lifetime occasion and it's tonight.
Indoneda and An's also scheduled to appear at next month's
Auckland Writers.
Speaker 3 (19:36):
Festival right, how much were tickets do you know? Out
of an unsure unsure probably put a few people in debt.
I to mention. How's your weather?
Speaker 14 (19:45):
Showers possibly heavy today, Ryan clearing this afternoon. We've got
a strong wind watch as well. Sou west gusts of
one hundred k's easing this afternoon fourteen the height.
Speaker 3 (19:53):
Yes, come and thank you clear than christ this morning, clear,
good morning. What's going on with this emergency hub and Selwyn?
Speaker 12 (19:59):
Yeah?
Speaker 15 (20:00):
Basically, the Salwyn District Council has spent the past three
years working with Police, Fire and Emergency and Saint John
on this idea of having a shared campus for Selwyn.
Of course, it's the country's fastest growing district that had
population growth of almost thirty percent between twenty eighteen and
twenty twenty three. The councilors, though, have voted to abandon
this plan for the campus at Rolliston, with the land
(20:22):
instead Eirmunk for housing. It's future use, though hasn't yet
been decided. Councilor Sarah Barnsley says the need for an
emergency services campus hasn't changed, but it's not necessarily the
best location for the hub, being a quite high residential area.
She says, with a bit more time, central government may
consider how much of an asset hub would be for
(20:43):
the bustling district, and they much have been.
Speaker 3 (20:45):
How's your weather clip?
Speaker 16 (20:46):
The odd morning.
Speaker 15 (20:47):
Shower about but otherwise clearing to fire before some heavy
showers for Banks Peninsula later westerly strong this afternoon and
a high nineteen.
Speaker 3 (20:55):
I thank you clear to besss in Wellington. H bess
Hey is a redheat.
Speaker 2 (20:58):
I appreciate you. Welcome this morning.
Speaker 3 (21:00):
Ah, there's always one, lovely. I'm glad that you're so
proud about it too.
Speaker 2 (21:06):
This morning always loud and proud.
Speaker 3 (21:09):
Hey, tell us about this? Are you going to get
wasted this weekend or what at this boozy event?
Speaker 2 (21:14):
Well, if you like Gin, get down to Wellington because
the inaugural Gin Trails underway. So this is thirty venues
offering up what they're calling bespoke Gin Experiences. It's a
self guided tour, so you use your Gin passport and
pick where you visit. Its similar to that of Wellington
on a plate. There's a bit of everything, from full
on tasting menus and workshops, some funky drinks as well,
(21:36):
including a rhubab custard pie cocktail and one with a
passion fruits and avocado. Organizer Brett McCall says the event
costs around ten thousand dollars and it's designed to support
the local hospitality industry. He says the venues are all
in and the only missing piece now is getting Wellingtonians
out on the trail.
Speaker 3 (21:56):
Plodding the gin and ginger to bes. Thank you, how's
your weather?
Speaker 2 (22:00):
Wesley's are strong and exposed places today. You're seventeen the
high in Wellington.
Speaker 3 (22:04):
Thanks here and neivas an not good morning Neva.
Speaker 8 (22:06):
It's the only drink I don't like gin gin.
Speaker 3 (22:08):
Yeah, I'm not a gin drinker. I go for the
vod Karain No, not vodka either. What are you drinking?
Speaker 15 (22:14):
Red wine?
Speaker 8 (22:15):
That's it old person's.
Speaker 3 (22:17):
Drink with and then a sherry to finish. What's going
on with the busway?
Speaker 8 (22:22):
Well? Can I tell you this? There's about six hundred
properties they will be impacted. This is by the Airport
to Botany busway project and many may be forcibly acquired.
So the residential, commercial coming or order Auckland Council, crown
Land properties, they're all included. People will have notifications edited
to their property reports. Obviously, some are fearing this is
(22:45):
going to affect their resale value. Auckland Transport says full
and fear compensation will be given to those whose land
is required. Now, this is an eighteen kilometer bus way.
It's still years away. It's expected to cost billions of dollars.
Speaker 3 (23:00):
Weather Neva partly.
Speaker 8 (23:01):
Cloudy isolated shower is doing to rain for a time
this morning could be heavy.
Speaker 6 (23:06):
Twenty is high.
Speaker 3 (23:06):
Brilliant, Thank you very much. It is nineteen minutes away
from six. By the way, Bob's just texted on Callum's
update from DNED and run an evening with Jacinda billed
as a once in a lifetime experience. Bob says, so
as death rain bridge, right, let's get to China. So
China obviously looking to do something in Taiwan. That's what
(23:27):
all the geopolitical experts tell you, and you don't have
to look. I mean, it doesn't take a rocket scientist
to put one and two together. So what happens with
the oil. This is the interesting part about China's dependence
on a run for oil because it's not massive. So
oil accounts for less than a fifth of China's total
energy mix, however, and Iran imports. Iranian imports make up
(23:49):
about twelve percent of what they import, so it's not massive.
I mean it's significant, but not massive. However, they have
a much higher reliance on these imports for transportation and aviation,
and transportation and aviation are very important for the military.
So if China is buying eighty percent of Iran's oil
(24:12):
and that oil is supporting the military planes and the
ships and the stuff that you might need to take Taiwan,
then is this a smart move from Trump? A two birds,
one stone situation. You had to run, you hit China,
and maybe you protect Taiwan in the process. I mean,
this is why people say, yeah, he's mad, he's crazy,
he does dumb stuff, But then every now and then
(24:33):
there's sort of a glimmer of genius in there, you
know what I mean. Seventeen to six, Mitch mccannon stateside
next News Talk CB, it is quarter to six. We'll
get to Mitch mccannon just a second. But I first
wanted to share with you this little story. So Donald
Trump Junior has a podcast it's called Triggered. And in
that podcast, Dr Ozippead, you know, doctor Ozie he's always
on Fox News, and he now actually heads these centers
(24:56):
for Medicare and Medicaid services because Trump gave him a job. Anyway,
on the podcast, he says that Donald Trump, who loves
a diet soda, loves a coke zero. He presses a
red button in the Oval office and a diet soft
drink is brought to him during meetings. He apparently told
Doctor Oz after he won the election back in twenty twenty,
(25:17):
sorry twenty sixteen. He said to Dr Oz that because
when you pour soda coke on grass, it kills the grass.
Therefore it must kill cancer cells inside the body. Anyway,
Carolyn Livitt's been asked about it.
Speaker 17 (25:31):
Look, as we all know in this room, I think
you know the President has a very good sense of humor.
It's one of his most underreported characteristics. I would say
I have heard him tell this joke before. I think
the Wall Street Journal should get a better.
Speaker 5 (25:43):
Sense of humor.
Speaker 3 (25:46):
Fourteen minutes away from.
Speaker 1 (25:47):
Six International correspondence with ends and eye Insurance, Peace of
mind for New Zealand business.
Speaker 3 (25:55):
Rich pretends stateside for US Mitch Schide, welcome to the program.
Just listening to that press conference A lot of focus
on tax cuts. He's sort of moving on from the
war a bit, isn't he.
Speaker 18 (26:07):
Yeah, Well, look, he seems to be optimistic that this
war's going to come to an end in a couple
of days. But Ryan, he's been saying that for the
last six weeks. Iran actually today has come out and
said they will decide if there's going to be secondary
talks or negotiations in the coming week or so, after
meeting a Pakistani delegation that's gone out to Iran today
to talk to them. One of the areas that the
(26:28):
countries apparently cannot agree on is on uranium enrichment. It's
emerged that the US is asking for an enrichment suspension
of around twenty years, and the Iranians are not happy
with that, although Donald Trump has then come out earlier
today and said twenty years is not good enough. So
some mixed messages from the White House. When it comes
to the Strait of Hormuz, the US is still blocking
(26:50):
ships coming and going from Iranian ports, so that's a
massive financial cost to Iran. But it's also been reported
today that Iran is said if they continue to do this,
going to try and cut off imports and exports throughout
the Middle East, not just in the Strait of Hormoves,
which would have massive implications elsewhere. So it remains to
be seen if they actually have the power to do that,
(27:10):
or the Navy to do that. But a lot of
changing parts.
Speaker 3 (27:13):
And he's scrapping with Jerome Powell again.
Speaker 18 (27:16):
Yeah, he's got big beef with Jerome Powell, as he
has for some time because Jerome Powell refuses to cut
interest rates at the rate that Donald Trump wants him to.
Speaker 3 (27:25):
He says that.
Speaker 18 (27:25):
If Jerome Powell intends to stay on as one of
the Board of Governors when he finishes his term as
chair of the Federal Reserve, he's going to have to
fire him. He says he's wanted to fire him for
a while, but he hates to be controversial, so we'll
have to see if he goes through with that threat.
Speaker 3 (27:40):
Mitch, thank you. Mitch McCann, our US correspondent with US
this morning. Time is twelve minutes away from six Brian Bridge.
Pharmacists have been given more powers. This is to help
take the pressure off GP. So you're about to do
more at the pharmacy that you don't need to do
with your doctor. They'll be able to hand out more
meds over the counter. This is your kid's cold and
flu medicine, your antibiotics, treatment for gabies. Even Lanny Wang
(28:02):
is director of Lanny Wang forgive me as director of
mung of Phi Pharmacy joins me this morning and a
good morning.
Speaker 12 (28:08):
Good morning.
Speaker 3 (28:09):
Is what will this do to a workload for a
pharmacy or is it a good part a good problem
to have.
Speaker 4 (28:16):
Yes, there is definitely a good problem to have. Yes,
certainly it will be something that will increase our workload. However,
in saying that all the condition that was announced yesterday
are things that pharmacy pharmacists already do, so you know,
it means it's nothing new for us. It's just business
as usual. However, I think we anticipate demand will probably
(28:37):
increase if the message get out that people can access
these service for free from the pharmacy and access medicine
for free, that that will be a huge help for
some family.
Speaker 3 (28:48):
So if I do parents just come to you with
their sick kids anyway and say what do I do?
Speaker 4 (28:53):
Yeah, they actually do. Like you know, all the condition
that was announced, like you know, pain and fever for
children or rehydration, fluid, scabies, headline, conjunct biders, all those
things parents already come in. Especially, you know, scavy is
probably one that's really really handy to really access that
in the fancy. For example, you know, if if there's
a scavy outbreak, it tends to impact a lot of people.
(29:15):
Like you know, even if you don't have the condition,
you're supposed to treat yourself for it and treat the
entire family to make sure you can eradicate the whole thing.
So being able to access that conveniently from a pharmacy
is actually very helpful for that type of condition because.
Speaker 3 (29:29):
This is the real changes and that it's not so
much that people are coming to you with new things,
it's that you'll be able to directly give them the
funded medicines.
Speaker 4 (29:38):
That's absolutely correct. Yeah, you know, like the one that
uncomplicated UTI. That's one that's always been a bad bug
of mine because you know, I have to charge for
my service. It's not a free service. And over the years,
you know that i've been providing the service, I've had
plenty of women cright in front of me because they
couldn't afford the fee and things like that. So This
will be a real game changer for women women's health,
(30:01):
and it means they can access this at a funded
rate that what they'll get from a GP. But you
know it's a game changer for mom and dad as well.
You know a lot of mom and dad do bypass
the pharmacy and go straight to GP because they can
bring your children to see the GP for free, and
then when they get their prescription, they can collect it
for free, so all of that can happen in the
commune pharmacy. Conjunct dividers is another one. You know, if
(30:24):
you've ever been called home by your daycare because your
child's got conjunct dividers, you know that's that's another. If
you can't afford to pay for the medicine, then that's
what parents do. They take them to the GP because
it's free to see the GP, and then when they.
Speaker 12 (30:37):
Get the description is free. You know, the prescription is free.
Speaker 4 (30:41):
But if you go straight to a pharmacy, that's not
the case at the moment.
Speaker 3 (30:45):
How do you how do you guys make most of
your money Is it from selling makeup and sunscreen and stuff?
Speaker 4 (30:50):
Yeah, we make we make our money from dispensing and yes,
all the other products help. You know, you know, pharmacy
is a unique place. We do have the rights to
sell medicine. So yeah, if I had to say what
we make most of money is that we do. We
do sell products and that's how we make money. And
(31:11):
that is, I guess, you know, a privilege that all
pharmacy have that you know, and that's why you see
pharmacy and you know the most remote places of New
Zealand like Pakia Tour, you know like it's it's it's
the only way you know, you can get health services
to an area, to a rare remote area that service
(31:32):
the community.
Speaker 12 (31:33):
Because you know, we we you know, we do.
Speaker 4 (31:35):
We do realize that we have the privilege to sell
products that other people couldn't and you know, in some
ways it's a it's a system that you know, allow
health service to exist and in places that it's very
challenging to learning.
Speaker 3 (31:48):
Woe among five pharmacy. Appreciate your time this morning, and
that's why you won't get your big chemist warehouse going
to places like pie Here Tour eight minutes away from
Sex and THEWS talks that be what.
Speaker 1 (31:58):
The news you need this morning and the in depth
analysis earlier this ship with Ryan Bridge and Spark for
Business Technology that keeps Business Moving News.
Speaker 3 (32:08):
Talks a B five to Sex on News Talks. The
Bee Callum's just got back in touch with us with
the price for those tickets to go. You know if
you are' well it's sold out anyway, so you can't go.
But the price to go see Jacinda and Grant speaking
Dunedin tonight fifty nine anywhere from fifty nine to seventy
nine dollars seventy nine presumably gets your upfront with all
the goods by Ryan Sex Morning Mike.
Speaker 16 (32:29):
They running merch.
Speaker 3 (32:31):
What would they have like a little a debt calculator.
Speaker 16 (32:34):
Books?
Speaker 3 (32:36):
Yeah, oh, there'll be books. It's a writer's festival, so
I t shirts I mentioned, there'll be books, coasters, blank checks,
drink bottles. Do you see I'm reading about Megan?
Speaker 12 (32:49):
Yeah?
Speaker 16 (32:49):
So yeah, I heard you say the master Chief thing.
That's that was cringe enough. So what she does all
this stuff, I mean it does a lot of stars
do it already. But so what she's wearing on the
Australian tour straight to a website in California and so
you click on that.
Speaker 3 (33:03):
Have you been on the site you can get. Yeah, yeah,
I had a look on there. This is a couple
of months ago when I learned about it. Everything's very expensive.
It is expensive. Well, it depends what you mean by expensive.
Eighty dollars for a candle.
Speaker 16 (33:17):
Well, certainly for a candle, but mind you, having said that,
I've spent more on a candle. It depends on the
oil content of the candle to be fed.
Speaker 3 (33:23):
There are mic prices and then there are the rest
of US prices.
Speaker 16 (33:25):
But I thought, I thought her dressed the other day
when she arrived, which was a deep blue with gold buttons,
was quite nice. And that wasn't it. That was twelve
hundred dollars, which for some people is expensive. But as
you know, for a nice design address.
Speaker 3 (33:44):
Sometimes I just haven't catching mid sentence and I'm like,
who is this man? You never know with me, Ryan,
Do you never know? Anyway?
Speaker 16 (33:54):
Do you know what a VLCC is? No, a very
large crude carrier. And they carried.
Speaker 3 (34:00):
Two million barrels by nine of.
Speaker 16 (34:02):
Them got out yesterday. So we'll talk about that this morning.
Speaker 3 (34:05):
The tray, the tree's opening up, she's opening up.
Speaker 16 (34:08):
I think I think it's all going to work out.
Speaker 3 (34:09):
Well, great, Day run cent tomorrow
Speaker 1 (34:14):
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