August 17, 2025 • 34 mins
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Speaker 1 (00:01):
The issues, the interviews and the insight. Ryan Bridge on
earli Ereditionhow with one roof Love Where You Live? News
Talks b.
Speaker 2 (00:10):
Good morning, Welcome to your Monday, just gone six after five.
Coming up on the show this morning before six, the
New Zealand debt on track to hit one trillion dollars
in the next three years. Brad Olsen on the show.
Gavin Gray a UK Europe for us, every leader on
the continent and the UK basically packing a toothbrush and
an overnight bag to go and see Trump. We'll talk
about that. This is over Ukraine, of course we'll talk
(00:32):
AB's with Andrew and foodstuffs has a different number on
price inflation. Are they spinning us or what. We'll look
at that too. News Talk SEBB the Agenda, Monday, the
eighteenth of August. Here's the latest Trump sky handling Russia talks.
This is Steve Whitcoff. He's gone on CNN. Reckons. Putin's
agreed to security guarantees for Ukraine, which is pretty massive,
(00:55):
including a possible NATO Article five style defense.
Speaker 3 (01:00):
We agreed to robust security guarantees that I would describe
as game changing. We didn't think that we were anywhere
close to agreeing to Article five protection from the United
States in legislative enshrinement within the Russian Federation not to
(01:21):
go after any other territory.
Speaker 2 (01:23):
Meanwhile, it'll be standing room only in the Oval office tomorrow.
You've got starmer Machron Mertz from Germany. You got vonder
lyon she's in the RATA, the NAITO Secretary General are
all going.
Speaker 4 (01:35):
It's necessary to cease fire and work quickly on a
final deal.
Speaker 1 (01:40):
We'll talk about it in Washington.
Speaker 4 (01:43):
Putin does not want to stop the killing, but he
must do it. Second, we need real negotiations, which means
they can start where the front line is now.
Speaker 2 (01:54):
You've seen that flash flighting in Pakistan. It's ferocious. More
than three hundred people have been killed, including a risk
your helicopter crashing during operations. Five of the crew died.
Speaker 5 (02:03):
Twenty five people from our family have died fighting the floods.
My nephew was coming from Malaysia, so one of my
brothers went to pick him up and I was at school,
so we survived.
Speaker 2 (02:15):
Thousands have fled Gaza City of Vietnam. This is a
neighborhood in Gaza. After days of heavy Israeli bombard bombardment
Gaza officials say at least forty were killed on Saturday.
Israel will allow tents back in the plans to force
a million people south into camps underground.
Speaker 6 (02:33):
Israeli metropriation is ongoing in several areas before controlling the
whole of Gaza City, according to the plan of mister Natania,
who to see the whole Gaza and Segaza all in
all at the end to destroy, as he says, the
two remaining stronghold of Hamas in Mawassi and in Gaza City.
Speaker 1 (02:58):
The first word on the News of the Day early
edition with Ryan Bridge and One Route Love where You Live.
Speaker 2 (03:06):
News Talks at B News Talk said, b it is
nine minutes after five. I was thinking watching a bit
of the rugby on Sunday morning and thinking, do these
guys still go out and get on the hammer after
winning a game of rugby? When you're in Argentina and
these beautiful people around. It's a beautiful country. It's a
bars and restaurants. Do they still go out and do that?
(03:26):
Or is that a bit too old school now? Anyway,
we might ask Andrew Ortison about that shortly big week
for us here in New Zealand. It's ocr week this
week Wednesdays to day. Is the economy cracking? Is it
in shape? You know, obviously we've had a hiatus post
Liberation Day, but are people slowly getting out and spending more.
We've had some semi positive card data, the high frequency
(03:48):
data they like to call it, over the last week
or two. On the weekend, I was out, People were spending,
people were busy. It looked to be Things looked to
be okay where I was looking. Anyway, here's the thing.
We've been relying on the Reserve Bank to do the
heavy lifting. You know that Treasury report that we had
that looked at COVID, it said basically, leave the heavy
(04:09):
lifting to the Reserve Bank. Don't get you to the government,
don't get your mits too dirty. If we get a
twenty five point cut on Wednesday, down to three percent,
that will mean two hundred and fifty basis points since
we started cutting, which was a year ago in August
of twenty twenty four started cutting. So if we get
(04:30):
twenty five that would mean we would have had two
hundred and fifty basis points over the last year. That
was ostally. Our started at five point five come down
to three. Cutting cycle began a year ago, and that
time lag is what's killing us. It's the thing that
is frustrating lux And if he had here, he'd be
pulling it out. It can take twelve to eighteen months
(04:52):
for that to flow through to us, the real people
who were coming off their fixed mortgages, et cetera. So
basically we're only just starting to get the benefits now
of the first cut we got a whole year ago.
Wednesday's cut won't fully flow through until next August. I know,
(05:15):
it's like the Panteen pro v ad. It may not
happen overnight, but it will happen. So the political debate
in the meantime is should the government have stepped in,
like you know, in Akinesian style economics, stepped in and
propped it up in the meantime? You know, do you
keep building for the sake of the construction sector? Do
you keep building state houses even though there might be
(05:36):
the wrong size and in the wrong place, just to
keep the sector going. That's the debate that we're having
it at the moment, and that debate will continue. But
Wednesday is not going to solve everything, And it's certainly
not going to solve everything immediately. Ran said, nine ninety
two is the number to text. You'd love to hear
your thoughts. This morning, we'll get to the supermarket. So
(05:58):
we have the numbers out on Friday about food price inflation,
and then food Stuff comes out with their own release
saying actually this is the real if you go to
our supermarkets, this is the real increase in food prices.
So checkwin on that.
Speaker 1 (06:12):
Next get ahead of the headlines on early edition with
Ryan Bridge and one roof Love where you Live News Talks,
that'd be.
Speaker 2 (06:21):
Five poin fourteen on news Talks, there'd be to see
the footage of Luxeen and Chippy dancing on Saturday night.
Oh I know, I know it makes you cringe, but
it's it is in a way nice to see that happening,
isn't it, because it shows that they're both actually just
human beings. They're not some you know, weird dart boards
that we throw darts at. I mean they are that too,
but they're also human beings who danced better. That's my
(06:44):
question for you. Nine to two nine two. None were outstanding.
You wouldn't put any of them on the world stage.
You know at the Dance Champs, but in your humble opinion,
who had the better moves? And why is it that? Well,
it's men can't move their hips. Don't just point the
sky is not dancing, you know what I mean. And
when they get really nervous they start clapping. That's not
(07:05):
dancing either. Move your hips, people. Nine nineteen the number
just gone quarter past five ran off the back of
the food inflation figures on Friday, food Stuffs has come
up with an interesting comparison. A stats in Z reported
five percent increase in the edit to July. I know,
hard to swallow, hard to say, but food Stuffs is
(07:25):
reporting a three point four percent increase year on year.
They argue they have a clearer grasp on grocery prices.
They say statsun Z is including restaurant and takeaways in
their reporting. Sue chetwyn is with the Grocery Action Group,
which's with us this morning. Hey, Sue, good morning. What
do you reckon spin or do they have some merit
(07:45):
and what they're saying?
Speaker 7 (07:47):
Look, I think that it's interesting statistics and you know,
it's it's good to have them, but to me, it
really is spin stats. New Zealand your I've been doing
these figures for a very long time, and food Stus
is producing them when they think that they might benefit them.
(08:10):
You know, they are under the gun at the moment
because of the very high prices that tee we's are
paying for groceries, and so they come out with statistics
like this, And of course, you know you have to
say that gst is on is on food in New
Zealand and isn't in some of the other comparison countries
like the UK and Australia. But you know, there's research
(08:34):
around that shows that even taking that into account, that
we are still paying too much for groceries here. So
I don't think it. I don't think it does food
stuff so much good to do stuff like this in
some respects because I just don't think I think here
is more sensible than that, And they probably don't believe it.
Speaker 1 (08:52):
But.
Speaker 8 (08:54):
Do you.
Speaker 2 (08:54):
But to be fair to them, I mean, they get
hammered day in day out. These guys are the reason
I can't afford to feed my family. And they'd make
some just reasonable points about you know, a harsher winter
and shopping seasonally, and as you say, the gest I mean,
these are valid things.
Speaker 7 (09:11):
Oh look, absolutely, you know there has been a harsh winter,
stops seasonally. All of those things are correct. But the
reality is that we still have, you know, a duopoly
in New Zealand. We have food stuff which is increasing
its hold actually, and we have two reports from the
(09:36):
Grocery Commissioner showing that things are toss. The barrier to
entry for us a competing supermarket is probably too high,
and that's why we don't have competition here, and that's
why we have high prices. It's not much more difficult
than that. And food stuff might be giving us all
(09:57):
this advice, but the fact of the matter is making
excess of profits. So if they bought the price had
said for food down a little bit, they would still
be making both.
Speaker 2 (10:07):
Profits, spend a little less on pr maybe you reckon
soe hey, thanks right, thanks for your time, sir, Shepwyin
Who's for their Growth Reaction Group this morning. It is
eighteen minutes after five AB's with Andrew Ordison. Next on
News Talk z VB, on your.
Speaker 1 (10:22):
Radio and online on Iheard Radio Early Edition with Ryan
Bridge and one roof Love where you Live, News.
Speaker 2 (10:30):
Talks EDB, News TALKSB after the News at five point
thirty will talk about the plant.
Speaker 1 (10:35):
Well.
Speaker 2 (10:36):
The media is talking about whether Hepkins would be rolled
before the election because he's tainted by COVID, and whether
the Luxe and should be rolled before the election because
he's tainted by well himself. Both of these things are
not going to happen. I'll tell you why after five thirty.
We'll also talk about the latest on Ukraine. Right now,
it's sport. Andrew Orison's here, Good morning, Greeting's Ryan, Good
(10:56):
to see you. Now, what do you make of that
AB's game?
Speaker 9 (11:00):
I thought it was well, not convincing, but I thought
that it was a decent showing and they showed plenty
of tenacity good round the set piece. For the most part.
Speaker 10 (11:09):
I thought a.
Speaker 9 (11:10):
Couple of things that sprung to mind was just that
driving power well through the mall but also just through
individuals like Tokyaho to Purvey and also Ardie Savia. Just
a little bit of an accuracy and erarors over the
course of that game, but I thought they were It
was a good, good starting out for the for the
Rugby Championship and looking to move on from from the
(11:32):
victories over France.
Speaker 2 (11:32):
Yeah, great mares, but few problems in the air like
catching things.
Speaker 9 (11:36):
Yeah, yeah, there's a few eras and a few just
I think just need a bit more polish there. Another
example of just someone is really we're watching one of
the you know, one of the best and recent times,
you know, and Will Jordan as well. I just think
he offers a lot on attack and just it's great
to have him in there and and dictating player as
well on various occasions. So yeah, good to get one
(11:56):
there and in the Argentine I mean, I suppose the
other the more remarkable result was the Wallabies beating South
Africa at Allis Park in Johannesburg and last nineteen sixty
three two minutes. It's a remarkable effort from the Wallabies
to turn that round and in Jo Schmitt clearly having
(12:18):
an influence the I mean, and it puts into perspective
that line series as well.
Speaker 2 (12:21):
And I think the comment from the spring Box coach
was we played like dog shit. There's nothing lower than that.
Is that correctly, that's the bottom line. Yeah, just just
squelching into your shoe and move on. Chris Wood, Well,
the certainly did. Chris Wood scoring two goals in the
opening Premier League match of the season for not inam Forest.
Speaker 9 (12:43):
Strong opening shine from Chris Wood and I think one
in the fifth minute, one just in the latter stages
of stoppage time in the first half, so pretty much
picking up where he left off last season. And they've
picked up that early home win three to one over Brentford.
So yeah, yeah, amazing that christ Wood continues to have
the success at the very top.
Speaker 1 (13:02):
Of the game.
Speaker 2 (13:03):
And Dance Littler.
Speaker 9 (13:06):
Yeah, the Luke the Nuke, he's beaten cool Hand Luke,
Luke Humphrees, the world Umble one, the World champions beating
the world number one in Auckland, the Darts Masters. Did
you get long at all or.
Speaker 1 (13:16):
Did you know?
Speaker 2 (13:17):
I was interviewed one of the guys on Friday and
they said, come along with just a little bit busy.
I've always found it.
Speaker 9 (13:23):
Have you gone to a darts You seen in Alexandra Pallace,
you know, the World Championship over Christmas time. It just
looks that the atmosphere looks amazing, albeit possibly touch feral,
but yeah, you.
Speaker 2 (13:34):
Take that the fun. The thing I've always found out
about darts, just at an amateur level is you've got
people consuming large quantities of alcohol and then throwing sharp
things across the room just never made sense to me.
It's the very nature of arrows, isn't it.
Speaker 9 (13:48):
But honestly, the accuracy of those guys is phenomenal, you
know when you think about I mean, maybe I'm just
really unco or something, but just what they're able to
achieve in that small space to get those one hundred
and eighties, et cetera, is a good watch.
Speaker 2 (14:01):
Brilliant. Thanks Abo update, Love to see you. Andrew Ortison
was sport twenty four minutes alfter five, Y're on News Talks.
There'd be coming up next the gen Z Steer. Have
you heard of this? The gen Z Steer?
Speaker 1 (14:13):
Next the early edition full show podcast on iHeartRadio. How
it by News Talks?
Speaker 2 (14:19):
It be News Talks? There be twenty six minutes after five.
I went out for lunch to a cafe the other
day and our table was served by a couple of waiters,
different waiters who all seem to have a similar vibe
about them. They just did not seem to care. No smiling,
no banter, no small talk, no polite conversation, just this
(14:41):
blank look on their faces. And you sit there and
you think, did they hear me. When you know what
did they you ever so politely repeat yourself in case
they didn't, But they did, They got it. There's just
not really any engagement face colder than a witch's tit,
you know, riching bee faced? Call it no refills on
(15:01):
your water? No, would you like another coffee? That sort
of thing like, hello, is anybody in there? Is anyone home?
Why is everyone moving around so slowly? Shouldn't you be
rushing around the joint taking orders and filling coffees? When
I was young, it was drilled into us. When you're
waiting tables and you're taking orders. You work your way
from I was the dish peg out the back. You
(15:23):
work your way up to your front of house. You
feel pretty good about yourself, and you basically run around,
busy as a bee, trying to impress your boss, trying
to win your guests over, taking wages on who might
get the tip? Can I help you, sir? What more
can I get you? You would help the elderly into
their seats. You'd bend over backwards basically to make everyone happy.
And these guys are getting well at least twenty three
(15:45):
dollars an hour. And I know what you're thinking, maybe
I'm the a hole, right, Maybe I've forgotten Mum's many
sermons on good manners and etiquette. So I asked the
people that I was out to lunch with eve they
all thought the same thing. I ask friends who are teachers.
I asked parents with kids around that age, and guess what,
they all noticed the same thing. How There's even a
(16:08):
TikTok trend called the gen z Stare, which describes basically
what I saw at the cafe, the vacant look and
a gen za that they give you in response to
a question or a statement. And so if it's on TikTok,
obviously it's a real thing, right. So the question is,
why was it covid? Was it everyone wearing masks? So
(16:28):
much of how we communicate is through facial expressions. Maybe
they've missed out on years of social cues and social norms.
And then you think, well, is it smartphones? You know,
they people don't really know how to interact anymore, or
is it both? Or maybe just maybe they just don't
give a shit, you know, maybe they just don't care.
(16:50):
Maybe we have on our hands a generation of young
people who don't really think they need to be bothering
with mundane things like work. Quick disclaimer for you before
that gen Z has come for me obviously, not an
entire generation of young people. There are great young people
out there and not every cafe experience is the same.
(17:10):
There are good ones too, but you know, is this
a thing you have noticed? Nine nine two twenty nine
minutes after five Now News Talks.
Speaker 1 (17:20):
He'd be We'll talk Ryan Bridge, Talk.
Speaker 2 (17:22):
Ukraine with Gavin Gray, UK Europe Correspondent.
Speaker 1 (17:25):
After News, News and Views you trust to start your day.
It's earlier this ship with Ryan Bridge and one roof
Love Where you Live News Talks d b B.
Speaker 2 (17:42):
Good morning, twenty four away from six eur on News
TALKS'DB Welcome to your Monday. Coming up before six o'clock.
New Zealand is going to hit one trillion dollars in debt.
We look at this. Plus we're in London as Lenski
and Starmer and co Ge're up to head to Washington
over Ukraine. We've been talking about the gen Z steer
this morning. This is when young people, you know, you
(18:02):
go to a cafe or wherever you might go shopping
and you will encounter a young person who you talk
to them, and they just look at you like you're
insane for even speaking to them. Ryan, I strike that
add loads of text on this as you can imagine, right,
and it's not all of them. I hope I'm not
turning into a grumpy old man, Ryan. I strike that
attitude every day at work, even repeating the same tasks.
(18:25):
They ask what's next? Ryan, I have definitely noticed the
gen Z stair, especially in clothing stores, says Jane. When
trying to banter with them at the paid desk, they
barely smile. They pretty much look at you like you're
an alien, says Jane. This has happened a few times
to me. Not everywhere, though, of course, and I think
that's the point. Not more everyone is like this. But
(18:47):
is there a phenomenon going on here? Ryan? It's not
just cafes, says this texter. I work as a relief
teacher in schools. I have been amazed at the number
of teachers who won't acknowledge acknowledge you, look away when
you walk past, and don't respond to greetings. This generation
is entitled lacking social skills and lacking and knowledge twenty
(19:11):
three Away from six Bread Read nine two ninety two.
Is the number to text color proctors with us this
morning color good morning morning. Right, so you could be
giving me the gen z stare right now, but as
radio so we don't know. Rest assured, I'm not right.
We'll take your word for it. What's happening with this
landmark on the Tago Peninsula. Well, look, this is.
Speaker 11 (19:32):
The headerwicker Harbor cone landmark we're talking about. This is
the last day for public to give their feedback on
its future. The city council looking to better handle its
management over the coming years. It is a distinctive part
of the peninsula, three hundred and twenty eight hectes of
land recognized for its landscape, ecological heritage, and cultural values.
(19:54):
It includes a hiking track as well, and the looking
to update this management plan, which was last updated twenty twelve.
They want to better reflect changes, challenges and opportunities that
have emerged over the past decade. And it's your last
chance today to have your say. Already, how's your weather?
We got rain this morning, running already becoming more persistent
(20:15):
this morning, but eazing this evening for Daned and sou
Westeries and nine the High Claire.
Speaker 2 (20:19):
Than christ Church, Hey Claire, clear. Good morning to you.
Speaker 12 (20:25):
Good morning.
Speaker 2 (20:26):
We've still got a scene guard in place at that
double police shooting in christ Church.
Speaker 12 (20:32):
Yeah, this was late on Wednesday, as you remember, Ryan,
when armed police were called to deal with a man
who was threatening himself and his partner with what we
learned was a hunting knife. Now, an officer shot and
injured the man, then quickly shot and fatally hurt the woman.
She had then picked up the knife and was threatening
officers with it. Now police in the last few days
(20:54):
have named the woman. She was fifty three year old
Tiato Hanui Pohio, while a forty seven year old man
has had surgery and is still considered in a serious
condition by his stable and hospital. Multiple investigations into the
circumstances the scene and the shooting are in train.
Speaker 2 (21:11):
Okay, how's the weather clear?
Speaker 12 (21:13):
Frosty again today, cloudy to start, then some rain developing
by evening northeasterlys at the high will be twelve degree
all right.
Speaker 2 (21:20):
And we have Max back on board this morning. Max.
Good morning, good morning, great to have you here, and
you've got you've been unwell, so I'm pleased get your back.
Tell us about the homeless problem in Newtown.
Speaker 10 (21:33):
Yes, a story in the post about Newtown. That's for
those not familiar with Wellington suburbs south of the city.
It's where the main hospital is a lot of young people,
the young professionals. It's become quite gentrified, having been working
class in the past. There's been a massive, very noticeable
spike recently in people living rough. On top of that, drunk,
drugged up people causing trouble, increased police reports, worsening homelessness.
(21:57):
Look is obviously a national issue as well, but in
Newtown the local Salvation Army says there's been anywhere from
fifty percent to a doubling in the issue just this year.
I assume they account for people showing up needing support
what they've noticed visually on the streets, people being accosted
at ATM's, drug paraphernalia being found at bus stops and
near schools. Anyway, an open letter has been signed by
(22:19):
a group of businesses and local politicians calling for central
government action. Yet the Sullies says this is a societal issue,
not a political one. We need community supporting community.
Speaker 2 (22:30):
All right. How's your weather? Max?
Speaker 10 (22:32):
Mostly fine today? Northerlys fourteen the high Central Nice.
Speaker 2 (22:35):
One, thank you, Good morning, good morning, Happy Monday.
Speaker 13 (22:38):
Happy Monday.
Speaker 2 (22:39):
Nurses in the Upper North Island beginning local industry election today.
Speaker 13 (22:44):
That's right. Look, the NEWSES organizations is that their concerns
about the staff shortages they continue to go unaddressed. This
is following that twenty four hour nationwide strike which happened
last month. So North Shore District Nursing Service nurses, they
are going to carry out a week long uniform strike.
They're going to be wearing T shirts saying not enough nurses.
Auckland Hospitals Cardiothoracic and Vascular intensive Care and also Fungeeday
(23:09):
Hospitals Acute surgical services nurses. They will undertake a redeployment strike.
Now they're usually sent to short staffed areas when required,
but instead what they're going to do they're going to
remain in the awards only going for life preserving reasons.
Speaker 2 (23:23):
Okay, how's our weather?
Speaker 13 (23:25):
Well, yeah, not good. Showers, possible thunderstorms and hail easing
later northwesterlies, gusts, gale, you know, and then in thunderstorms
tonight just not a good day.
Speaker 2 (23:36):
You can come it down, great day. Do you know
what the gen Z steirs. No, this is when you
go into a restaurant or a cafe, or maybe a
clothing shop or just on the street and younger people
you sort of and try and interact with them, and
they just give you this blank look like you're an alien. Oh,
it's apparently a thing. And people who text loads of
people texting and saying that they've experienced it. You haven't
(23:58):
experienced this.
Speaker 13 (23:58):
No, I don't go into shops what prom long and
I don't I will you know what this could be
because I don't engage with the youth of today. True,
I'll just say.
Speaker 2 (24:09):
You're a bad day, you're a bad example. But I
wonder because you understand them, evil old witch. But when
we were growing up, well, my mum would you know,
would basically beat you to a pulp if you didn't
smile at everyone that walked past, say hello and them
in the eye.
Speaker 13 (24:27):
And you're right and in the cargo you know. Look,
I'm not saying that it doesn't happen in the North Island,
but because I'm from in Vercago, when I moved up
to Auckland, you know, and spent years and years in Auckland,
and even now when I go home to Vcago. People
are friendly young people, old people, and they actually engage.
And I find it like I think, oh my gosh,
how are you are you from? And they asked me
(24:48):
like fifty thousand questions. My inside voice is going, you
knows the old back to or your nosy young bat.
But it's actually quite notice.
Speaker 2 (24:56):
Do you know what you are? You are a I
don't want to say how old. You're an older person
trapped in a gen Z. You're a gen Z person
trapped in an older person's body. That's for you. That's
what I am. At your core, your a gen Z.
Speaker 13 (25:08):
Okay, I'm going to be really nice. I'm going to
do you know what, though I thought maybe you two,
I mean you and I are hanging around my hosting
too long because you know, he doesn't engage with anyone.
Maybe that's what it is.
Speaker 2 (25:18):
I didn't think about that. But he's actually a gen
Z and an old man's body.
Speaker 13 (25:23):
Oh yeah, an elderly person's body.
Speaker 1 (25:27):
Right.
Speaker 2 (25:27):
It is sixteen away from six year on news Talk ZB,
we'll get to London next. On the Starmas the Lens
get well, everyone from Europe is basically jumping on a
plane heading to Washington plus New Zealand about to hit
one trillion in debt All Ahead News Talk ZB Good
news for Milford this morning. They've just taken out the
Consumer New Zealand People's Choice Award Kiwi Saver. This is
(25:49):
for their Milford Kiwi Saver plan and guess what that
makes it eight years in a row for them. Now,
there's also morning Star's latest independent survey. You can find
that at Morningstar dot com dot au. This will show
you that Milford has had the number one performing keywisaver
funds in the growth, balanced and conservative categories in returns
for the past ten years. All of this is down
(26:12):
to Milford's expert team their active approach to investing as well.
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(26:33):
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Speaker 1 (26:53):
International correspondence with NS and Eye Insurance Peace of Mind
for New Zealand Business.
Speaker 2 (27:00):
You're on news talk to you, but it's twelve to six.
Half the leaders of Europe are heading two Washington with
Zolensky this for a meeting with Trump over Ukraine. And
Gavin Gray is our UK europe correspondent. What are we
hearing from Zelenski?
Speaker 14 (27:13):
Well, at the moment that I think he's pretty pleased
that they are going to be joining him. The fear
I think all of the European leaders have, and President
Zelenski as well, is that in some way the press
conference might be ambushed, as he was ambushed before at
the White House when it led to that really unpleasant
scene of him being criticized for what he was wearing,
(27:34):
being told he didn't have the cards, and really being
male to look very very small in that room. And
I think you're really saying, look, we are there with you.
We're going to show solidarity whatever happens. As a result
of these negotiations with Russia. But what's incredible is this
isn't just you know, the European Commission meeting along with
President Zelenski. This is a number of European leaders going.
(27:57):
It's almost quicker to tell you who isn't going, but
it's the UK Prime Minister Sirkir Starmer, the French President
Emanual Matt Crant, German Chancellor Fredi Muz There's all sours
going along with the European Commissioned President Ursula Vonderline, and
I think they all want to try and show that
they are part of the process. Ukraine is on Europe's
border and they want to try and protect it. The
(28:18):
question is will Vladimir Putin be listening, will Donald Trump
be listening? And what effect will it have on this process?
Speaker 2 (28:25):
Keevin appreciate that, thanks for the update. That meeting taking
place tomorrow morning our time. It's just going to living
away from six now, Ryan Bridge, someone hit the alarm bell.
Will your new data shows we're on track to hit
one trillion in national debt within three years. Current debt
stands at eight hundred and seventy billion. This is across
the both private and public on average, that's about one
(28:46):
hundred and sixty three thousand per KIWI. Brad Olsen is
Infametric's principle economist with us this morning, bread, good morning,
Good morning. It's I mean, it sounds an alarming figure,
is it.
Speaker 8 (28:58):
I mean, it always feels alarming when you're sort of
talking in the hundreds of billions of dollars, and it is.
But I think as well, this is the money that
we often are using for a lot of quite important purposes.
This is what people are using when they get a
mortgage to buy a house. It's what the government uses
to invest in critical infrastructure. It's what businesses use to
(29:20):
invest in new plant and equipment. So it does sound
like a scary number, but it is important in many ways.
The challenges is our debt sustainable, not necessarily if it's
big or small or anything else. And I guess on
that metric, it's fascinating to see that. You know, yes,
we've continued to see it grow, but in recent times
it has been growing at a slower pace. And I
(29:42):
think that that's part of this or almost sort of
economic right sizing that we're seeing at the moment as
we go through that sort of post COVID hangover period
for government, for businesses, for households, everyone's going just how
much debt do I need? How much can I afford?
And what does that all mean? Coming up other side.
Speaker 2 (30:00):
Also, we've had house prices that are either falling or flat,
which means you're not borrowing as much, which makes up
a lot of this right.
Speaker 8 (30:08):
Yes, that's definitely true, and I think that's why you've
seen for some of the household figures that things haven't
gotten quite as intense in terms of further growth as
we've seen a couple of years back. You look at
the likes of house prices at the moment still sitting oh,
what's seventeen twenty percent below their peak.
Speaker 2 (30:27):
We know as well that.
Speaker 8 (30:28):
You know, in recent times, people haven't been quite as
keen to get out and buy. Yes, there's been a
lift in sales over the last year, but with those
lower prices again people just trying to sort of find
the new goldilock zone for how much they're willing to invest.
And I think that the area that I found most
interesting was you look into some of those sort of
business investment figures, and that's an area where you do
(30:50):
generally actually want a bit more growth. You don't want
it to be completely unstoppable, but you want to know
that businesses are comfortable have access to capital so they
can invest, you know, in new manufacturing techniques and new
technology so that we can get more productive over time.
So some concerning numbers in the data, some optimistic numbers
in other places, but overall, yes, the debt pile is
(31:13):
getting bigger, but not at the same pace it was before.
And that's probably not a bad position to be.
Speaker 2 (31:18):
In, in a word, because we are at a time, Brad,
but how do we compare with the rest of the world? Good, bad, ugly, better,
but still not comfortable. Appreciate your time, Brad Olson, Infametrics,
Principal Economist. Eight to six News Talk SBB Mike Hosking
here next the news.
Speaker 1 (31:36):
You need this morning and the in depth analysis early
edition with Ryan Bridge and one Root Love where you
Live News Talks.
Speaker 2 (31:43):
There'd be talking to your Monday. It's just gone six
away from six. If you didn't see it. At the weekend,
there was a dance off between Christopher Luxe and Chris Hipkins,
and I think Luxon. You'd have to give it to
Luxeon because purely out of enthusiasm. But pointing your fingers
in the air and clapping does not a dance, mate,
I don't think you can't call it dancing, but I
(32:04):
suppose at least they were trying Mike's in the studio
with us. Mike, who would you give it to?
Speaker 15 (32:09):
I gave it to. I read Stuff's account and that
tells you everything you need to know about them. Overtly
left leaning because they suggested Hipkins was the better dancer.
Speaker 2 (32:20):
You can't. They were wrong.
Speaker 15 (32:21):
They were wrong.
Speaker 2 (32:22):
He was barely moving, He didn't go to the front
of the stage when he was invited. They got it
more reserved that that doesn't make you a better dance
What is up with it's men? When you when someone
says dance, don't move your hands, move your hips.
Speaker 15 (32:37):
It's a generational thing that there's an entire generation of
white New Zealand males who can't, who simply can't dance.
Speaker 2 (32:43):
Can you, of course not? Did you do folk dancing?
Speaker 15 (32:48):
We did folk dancing at school and that was you know,
like the doc do and all that sort of stuff.
Speaker 2 (32:53):
We did a bit of hip hop and R and B. Yeah,
we did, we did.
Speaker 15 (32:56):
We did disco hip hop R and B, and we
all say, like the school disco was the world's most
embarrassing thing because not even as a kid, you couldn't dance,
and you didn't want to dance, and the girls sort
of could, but you couldn't, and the whole thing.
Speaker 2 (33:07):
I've always been quite proud of the fact that I
can move my hips as a as a as a
white talking to zealand taking it up. I can move
my hips, which seems to be everybody else seems to
be paralyzed from the belly button down. All you need to.
Speaker 15 (33:22):
Do is stand in front of video camera, put it
out there and let's see.
Speaker 2 (33:25):
Let's see there's actually one in the studio here, Mike,
do you want to see No, I would you like
me to gyrate for you on a Monday morning?
Speaker 15 (33:32):
No, No, Monday would have been Thursday, maybe into a Friday,
maybe Monday. It's too much. Christopher Luxen in the studio.
Speaker 2 (33:40):
See what you can make happen? Looking forward to that.
Mike Hosking is next four to six fell.
Speaker 1 (33:46):
Full Space from a stupen latue.
Speaker 2 (33:53):
Mister Lue.
Speaker 8 (33:57):
I you.
Speaker 1 (34:01):
For more Famarlily edition with Ryan Bridge. Listen live to
Newstalk setb from five am weekdays, or follow the podcast
on iHeartRadio
The issues, the interviews and the insight. Ryan Bridge on
earli Ereditionhow with one roof Love Where You Live? News
Talks b.
Speaker 2 (00:10):
Good morning, Welcome to your Monday, just gone six after five.
Coming up on the show this morning before six, the
New Zealand debt on track to hit one trillion dollars
in the next three years. Brad Olsen on the show.
Gavin Gray a UK Europe for us, every leader on
the continent and the UK basically packing a toothbrush and
an overnight bag to go and see Trump. We'll talk
about that. This is over Ukraine, of course we'll talk
(00:32):
AB's with Andrew and foodstuffs has a different number on
price inflation. Are they spinning us or what. We'll look
at that too. News Talk SEBB the Agenda, Monday, the
eighteenth of August. Here's the latest Trump sky handling Russia talks.
This is Steve Whitcoff. He's gone on CNN. Reckons. Putin's
agreed to security guarantees for Ukraine, which is pretty massive,
(00:55):
including a possible NATO Article five style defense.
Speaker 3 (01:00):
We agreed to robust security guarantees that I would describe
as game changing. We didn't think that we were anywhere
close to agreeing to Article five protection from the United
States in legislative enshrinement within the Russian Federation not to
(01:21):
go after any other territory.
Speaker 2 (01:23):
Meanwhile, it'll be standing room only in the Oval office tomorrow.
You've got starmer Machron Mertz from Germany. You got vonder
lyon she's in the RATA, the NAITO Secretary General are
all going.
Speaker 4 (01:35):
It's necessary to cease fire and work quickly on a
final deal.
Speaker 1 (01:40):
We'll talk about it in Washington.
Speaker 4 (01:43):
Putin does not want to stop the killing, but he
must do it. Second, we need real negotiations, which means
they can start where the front line is now.
Speaker 2 (01:54):
You've seen that flash flighting in Pakistan. It's ferocious. More
than three hundred people have been killed, including a risk
your helicopter crashing during operations. Five of the crew died.
Speaker 5 (02:03):
Twenty five people from our family have died fighting the floods.
My nephew was coming from Malaysia, so one of my
brothers went to pick him up and I was at school,
so we survived.
Speaker 2 (02:15):
Thousands have fled Gaza City of Vietnam. This is a
neighborhood in Gaza. After days of heavy Israeli bombard bombardment
Gaza officials say at least forty were killed on Saturday.
Israel will allow tents back in the plans to force
a million people south into camps underground.
Speaker 6 (02:33):
Israeli metropriation is ongoing in several areas before controlling the
whole of Gaza City, according to the plan of mister Natania,
who to see the whole Gaza and Segaza all in
all at the end to destroy, as he says, the
two remaining stronghold of Hamas in Mawassi and in Gaza City.
Speaker 1 (02:58):
The first word on the News of the Day early
edition with Ryan Bridge and One Route Love where You Live.
Speaker 2 (03:06):
News Talks at B News Talk said, b it is
nine minutes after five. I was thinking watching a bit
of the rugby on Sunday morning and thinking, do these
guys still go out and get on the hammer after
winning a game of rugby? When you're in Argentina and
these beautiful people around. It's a beautiful country. It's a
bars and restaurants. Do they still go out and do that?
(03:26):
Or is that a bit too old school now? Anyway,
we might ask Andrew Ortison about that shortly big week
for us here in New Zealand. It's ocr week this
week Wednesdays to day. Is the economy cracking? Is it
in shape? You know, obviously we've had a hiatus post
Liberation Day, but are people slowly getting out and spending more.
We've had some semi positive card data, the high frequency
(03:48):
data they like to call it, over the last week
or two. On the weekend, I was out, People were spending,
people were busy. It looked to be Things looked to
be okay where I was looking. Anyway, here's the thing.
We've been relying on the Reserve Bank to do the
heavy lifting. You know that Treasury report that we had
that looked at COVID, it said basically, leave the heavy
(04:09):
lifting to the Reserve Bank. Don't get you to the government,
don't get your mits too dirty. If we get a
twenty five point cut on Wednesday, down to three percent,
that will mean two hundred and fifty basis points since
we started cutting, which was a year ago in August
of twenty twenty four started cutting. So if we get
(04:30):
twenty five that would mean we would have had two
hundred and fifty basis points over the last year. That
was ostally. Our started at five point five come down
to three. Cutting cycle began a year ago, and that
time lag is what's killing us. It's the thing that
is frustrating lux And if he had here, he'd be
pulling it out. It can take twelve to eighteen months
(04:52):
for that to flow through to us, the real people
who were coming off their fixed mortgages, et cetera. So
basically we're only just starting to get the benefits now
of the first cut we got a whole year ago.
Wednesday's cut won't fully flow through until next August. I know,
(05:15):
it's like the Panteen pro v ad. It may not
happen overnight, but it will happen. So the political debate
in the meantime is should the government have stepped in,
like you know, in Akinesian style economics, stepped in and
propped it up in the meantime? You know, do you
keep building for the sake of the construction sector? Do
you keep building state houses even though there might be
(05:36):
the wrong size and in the wrong place, just to
keep the sector going. That's the debate that we're having
it at the moment, and that debate will continue. But
Wednesday is not going to solve everything, And it's certainly
not going to solve everything immediately. Ran said, nine ninety
two is the number to text. You'd love to hear
your thoughts. This morning, we'll get to the supermarket. So
(05:58):
we have the numbers out on Friday about food price inflation,
and then food Stuff comes out with their own release
saying actually this is the real if you go to
our supermarkets, this is the real increase in food prices.
So checkwin on that.
Speaker 1 (06:12):
Next get ahead of the headlines on early edition with
Ryan Bridge and one roof Love where you Live News Talks,
that'd be.
Speaker 2 (06:21):
Five poin fourteen on news Talks, there'd be to see
the footage of Luxeen and Chippy dancing on Saturday night.
Oh I know, I know it makes you cringe, but
it's it is in a way nice to see that happening,
isn't it, because it shows that they're both actually just
human beings. They're not some you know, weird dart boards
that we throw darts at. I mean they are that too,
but they're also human beings who danced better. That's my
(06:44):
question for you. Nine to two nine two. None were outstanding.
You wouldn't put any of them on the world stage.
You know at the Dance Champs, but in your humble opinion,
who had the better moves? And why is it that? Well,
it's men can't move their hips. Don't just point the
sky is not dancing, you know what I mean. And
when they get really nervous they start clapping. That's not
(07:05):
dancing either. Move your hips, people. Nine nineteen the number
just gone quarter past five ran off the back of
the food inflation figures on Friday, food Stuffs has come
up with an interesting comparison. A stats in Z reported
five percent increase in the edit to July. I know,
hard to swallow, hard to say, but food Stuffs is
(07:25):
reporting a three point four percent increase year on year.
They argue they have a clearer grasp on grocery prices.
They say statsun Z is including restaurant and takeaways in
their reporting. Sue chetwyn is with the Grocery Action Group,
which's with us this morning. Hey, Sue, good morning. What
do you reckon spin or do they have some merit
(07:45):
and what they're saying?
Speaker 7 (07:47):
Look, I think that it's interesting statistics and you know,
it's it's good to have them, but to me, it
really is spin stats. New Zealand your I've been doing
these figures for a very long time, and food Stus
is producing them when they think that they might benefit them.
(08:10):
You know, they are under the gun at the moment
because of the very high prices that tee we's are
paying for groceries, and so they come out with statistics
like this, And of course, you know you have to
say that gst is on is on food in New
Zealand and isn't in some of the other comparison countries
like the UK and Australia. But you know, there's research
(08:34):
around that shows that even taking that into account, that
we are still paying too much for groceries here. So
I don't think it. I don't think it does food
stuff so much good to do stuff like this in
some respects because I just don't think I think here
is more sensible than that, And they probably don't believe it.
Speaker 1 (08:52):
But.
Speaker 8 (08:54):
Do you.
Speaker 2 (08:54):
But to be fair to them, I mean, they get
hammered day in day out. These guys are the reason
I can't afford to feed my family. And they'd make
some just reasonable points about you know, a harsher winter
and shopping seasonally, and as you say, the gest I mean,
these are valid things.
Speaker 7 (09:11):
Oh look, absolutely, you know there has been a harsh winter,
stops seasonally. All of those things are correct. But the
reality is that we still have, you know, a duopoly
in New Zealand. We have food stuff which is increasing
its hold actually, and we have two reports from the
(09:36):
Grocery Commissioner showing that things are toss. The barrier to
entry for us a competing supermarket is probably too high,
and that's why we don't have competition here, and that's
why we have high prices. It's not much more difficult
than that. And food stuff might be giving us all
(09:57):
this advice, but the fact of the matter is making
excess of profits. So if they bought the price had
said for food down a little bit, they would still
be making both.
Speaker 2 (10:07):
Profits, spend a little less on pr maybe you reckon
soe hey, thanks right, thanks for your time, sir, Shepwyin
Who's for their Growth Reaction Group this morning. It is
eighteen minutes after five AB's with Andrew Ordison. Next on
News Talk z VB, on your.
Speaker 1 (10:22):
Radio and online on Iheard Radio Early Edition with Ryan
Bridge and one roof Love where you Live, News.
Speaker 2 (10:30):
Talks EDB, News TALKSB after the News at five point
thirty will talk about the plant.
Speaker 1 (10:35):
Well.
Speaker 2 (10:36):
The media is talking about whether Hepkins would be rolled
before the election because he's tainted by COVID, and whether
the Luxe and should be rolled before the election because
he's tainted by well himself. Both of these things are
not going to happen. I'll tell you why after five thirty.
We'll also talk about the latest on Ukraine. Right now,
it's sport. Andrew Orison's here, Good morning, Greeting's Ryan, Good
(10:56):
to see you. Now, what do you make of that
AB's game?
Speaker 9 (11:00):
I thought it was well, not convincing, but I thought
that it was a decent showing and they showed plenty
of tenacity good round the set piece. For the most part.
Speaker 10 (11:09):
I thought a.
Speaker 9 (11:10):
Couple of things that sprung to mind was just that
driving power well through the mall but also just through
individuals like Tokyaho to Purvey and also Ardie Savia. Just
a little bit of an accuracy and erarors over the
course of that game, but I thought they were It
was a good, good starting out for the for the
Rugby Championship and looking to move on from from the
(11:32):
victories over France.
Speaker 2 (11:32):
Yeah, great mares, but few problems in the air like
catching things.
Speaker 9 (11:36):
Yeah, yeah, there's a few eras and a few just
I think just need a bit more polish there. Another
example of just someone is really we're watching one of
the you know, one of the best and recent times,
you know, and Will Jordan as well. I just think
he offers a lot on attack and just it's great
to have him in there and and dictating player as
well on various occasions. So yeah, good to get one
(11:56):
there and in the Argentine I mean, I suppose the
other the more remarkable result was the Wallabies beating South
Africa at Allis Park in Johannesburg and last nineteen sixty
three two minutes. It's a remarkable effort from the Wallabies
to turn that round and in Jo Schmitt clearly having
(12:18):
an influence the I mean, and it puts into perspective
that line series as well.
Speaker 2 (12:21):
And I think the comment from the spring Box coach
was we played like dog shit. There's nothing lower than that.
Is that correctly, that's the bottom line. Yeah, just just
squelching into your shoe and move on. Chris Wood, Well,
the certainly did. Chris Wood scoring two goals in the
opening Premier League match of the season for not inam Forest.
Speaker 9 (12:43):
Strong opening shine from Chris Wood and I think one
in the fifth minute, one just in the latter stages
of stoppage time in the first half, so pretty much
picking up where he left off last season. And they've
picked up that early home win three to one over Brentford.
So yeah, yeah, amazing that christ Wood continues to have
the success at the very top.
Speaker 1 (13:02):
Of the game.
Speaker 2 (13:03):
And Dance Littler.
Speaker 9 (13:06):
Yeah, the Luke the Nuke, he's beaten cool Hand Luke,
Luke Humphrees, the world Umble one, the World champions beating
the world number one in Auckland, the Darts Masters. Did
you get long at all or.
Speaker 1 (13:16):
Did you know?
Speaker 2 (13:17):
I was interviewed one of the guys on Friday and
they said, come along with just a little bit busy.
I've always found it.
Speaker 9 (13:23):
Have you gone to a darts You seen in Alexandra Pallace,
you know, the World Championship over Christmas time. It just
looks that the atmosphere looks amazing, albeit possibly touch feral,
but yeah, you.
Speaker 2 (13:34):
Take that the fun. The thing I've always found out
about darts, just at an amateur level is you've got
people consuming large quantities of alcohol and then throwing sharp
things across the room just never made sense to me.
It's the very nature of arrows, isn't it.
Speaker 9 (13:48):
But honestly, the accuracy of those guys is phenomenal, you
know when you think about I mean, maybe I'm just
really unco or something, but just what they're able to
achieve in that small space to get those one hundred
and eighties, et cetera, is a good watch.
Speaker 2 (14:01):
Brilliant. Thanks Abo update, Love to see you. Andrew Ortison
was sport twenty four minutes alfter five, Y're on News Talks.
There'd be coming up next the gen Z Steer. Have
you heard of this? The gen Z Steer?
Speaker 1 (14:13):
Next the early edition full show podcast on iHeartRadio. How
it by News Talks?
Speaker 2 (14:19):
It be News Talks? There be twenty six minutes after five.
I went out for lunch to a cafe the other
day and our table was served by a couple of waiters,
different waiters who all seem to have a similar vibe
about them. They just did not seem to care. No smiling,
no banter, no small talk, no polite conversation, just this
(14:41):
blank look on their faces. And you sit there and
you think, did they hear me. When you know what
did they you ever so politely repeat yourself in case
they didn't, But they did, They got it. There's just
not really any engagement face colder than a witch's tit,
you know, riching bee faced? Call it no refills on
(15:01):
your water? No, would you like another coffee? That sort
of thing like, hello, is anybody in there? Is anyone home?
Why is everyone moving around so slowly? Shouldn't you be
rushing around the joint taking orders and filling coffees? When
I was young, it was drilled into us. When you're
waiting tables and you're taking orders. You work your way
from I was the dish peg out the back. You
(15:23):
work your way up to your front of house. You
feel pretty good about yourself, and you basically run around,
busy as a bee, trying to impress your boss, trying
to win your guests over, taking wages on who might
get the tip? Can I help you, sir? What more
can I get you? You would help the elderly into
their seats. You'd bend over backwards basically to make everyone happy.
And these guys are getting well at least twenty three
(15:45):
dollars an hour. And I know what you're thinking, maybe
I'm the a hole, right, Maybe I've forgotten Mum's many
sermons on good manners and etiquette. So I asked the
people that I was out to lunch with eve they
all thought the same thing. I ask friends who are teachers.
I asked parents with kids around that age, and guess what,
they all noticed the same thing. How There's even a
(16:08):
TikTok trend called the gen z Stare, which describes basically
what I saw at the cafe, the vacant look and
a gen za that they give you in response to
a question or a statement. And so if it's on TikTok,
obviously it's a real thing, right. So the question is,
why was it covid? Was it everyone wearing masks? So
(16:28):
much of how we communicate is through facial expressions. Maybe
they've missed out on years of social cues and social norms.
And then you think, well, is it smartphones? You know,
they people don't really know how to interact anymore, or
is it both? Or maybe just maybe they just don't
give a shit, you know, maybe they just don't care.
(16:50):
Maybe we have on our hands a generation of young
people who don't really think they need to be bothering
with mundane things like work. Quick disclaimer for you before
that gen Z has come for me obviously, not an
entire generation of young people. There are great young people
out there and not every cafe experience is the same.
(17:10):
There are good ones too, but you know, is this
a thing you have noticed? Nine nine two twenty nine
minutes after five Now News Talks.
Speaker 1 (17:20):
He'd be We'll talk Ryan Bridge, Talk.
Speaker 2 (17:22):
Ukraine with Gavin Gray, UK Europe Correspondent.
Speaker 1 (17:25):
After News, News and Views you trust to start your day.
It's earlier this ship with Ryan Bridge and one roof
Love Where you Live News Talks d b B.
Speaker 2 (17:42):
Good morning, twenty four away from six eur on News
TALKS'DB Welcome to your Monday. Coming up before six o'clock.
New Zealand is going to hit one trillion dollars in debt.
We look at this. Plus we're in London as Lenski
and Starmer and co Ge're up to head to Washington
over Ukraine. We've been talking about the gen Z steer
this morning. This is when young people, you know, you
(18:02):
go to a cafe or wherever you might go shopping
and you will encounter a young person who you talk
to them, and they just look at you like you're
insane for even speaking to them. Ryan, I strike that
add loads of text on this as you can imagine, right,
and it's not all of them. I hope I'm not
turning into a grumpy old man, Ryan. I strike that
attitude every day at work, even repeating the same tasks.
(18:25):
They ask what's next? Ryan, I have definitely noticed the
gen Z stair, especially in clothing stores, says Jane. When
trying to banter with them at the paid desk, they
barely smile. They pretty much look at you like you're
an alien, says Jane. This has happened a few times
to me. Not everywhere, though, of course, and I think
that's the point. Not more everyone is like this. But
(18:47):
is there a phenomenon going on here? Ryan? It's not
just cafes, says this texter. I work as a relief
teacher in schools. I have been amazed at the number
of teachers who won't acknowledge acknowledge you, look away when
you walk past, and don't respond to greetings. This generation
is entitled lacking social skills and lacking and knowledge twenty
(19:11):
three Away from six Bread Read nine two ninety two.
Is the number to text color proctors with us this
morning color good morning morning. Right, so you could be
giving me the gen z stare right now, but as
radio so we don't know. Rest assured, I'm not right.
We'll take your word for it. What's happening with this
landmark on the Tago Peninsula. Well, look, this is.
Speaker 11 (19:32):
The headerwicker Harbor cone landmark we're talking about. This is
the last day for public to give their feedback on
its future. The city council looking to better handle its
management over the coming years. It is a distinctive part
of the peninsula, three hundred and twenty eight hectes of
land recognized for its landscape, ecological heritage, and cultural values.
(19:54):
It includes a hiking track as well, and the looking
to update this management plan, which was last updated twenty twelve.
They want to better reflect changes, challenges and opportunities that
have emerged over the past decade. And it's your last
chance today to have your say. Already, how's your weather?
We got rain this morning, running already becoming more persistent
(20:15):
this morning, but eazing this evening for Daned and sou
Westeries and nine the High Claire.
Speaker 2 (20:19):
Than christ Church, Hey Claire, clear. Good morning to you.
Speaker 12 (20:25):
Good morning.
Speaker 2 (20:26):
We've still got a scene guard in place at that
double police shooting in christ Church.
Speaker 12 (20:32):
Yeah, this was late on Wednesday, as you remember, Ryan,
when armed police were called to deal with a man
who was threatening himself and his partner with what we
learned was a hunting knife. Now, an officer shot and
injured the man, then quickly shot and fatally hurt the woman.
She had then picked up the knife and was threatening
officers with it. Now police in the last few days
(20:54):
have named the woman. She was fifty three year old
Tiato Hanui Pohio, while a forty seven year old man
has had surgery and is still considered in a serious
condition by his stable and hospital. Multiple investigations into the
circumstances the scene and the shooting are in train.
Speaker 2 (21:11):
Okay, how's the weather clear?
Speaker 12 (21:13):
Frosty again today, cloudy to start, then some rain developing
by evening northeasterlys at the high will be twelve degree
all right.
Speaker 2 (21:20):
And we have Max back on board this morning. Max.
Good morning, good morning, great to have you here, and
you've got you've been unwell, so I'm pleased get your back.
Tell us about the homeless problem in Newtown.
Speaker 10 (21:33):
Yes, a story in the post about Newtown. That's for
those not familiar with Wellington suburbs south of the city.
It's where the main hospital is a lot of young people,
the young professionals. It's become quite gentrified, having been working
class in the past. There's been a massive, very noticeable
spike recently in people living rough. On top of that, drunk,
drugged up people causing trouble, increased police reports, worsening homelessness.
(21:57):
Look is obviously a national issue as well, but in
Newtown the local Salvation Army says there's been anywhere from
fifty percent to a doubling in the issue just this year.
I assume they account for people showing up needing support
what they've noticed visually on the streets, people being accosted
at ATM's, drug paraphernalia being found at bus stops and
near schools. Anyway, an open letter has been signed by
(22:19):
a group of businesses and local politicians calling for central
government action. Yet the Sullies says this is a societal issue,
not a political one. We need community supporting community.
Speaker 2 (22:30):
All right. How's your weather? Max?
Speaker 10 (22:32):
Mostly fine today? Northerlys fourteen the high Central Nice.
Speaker 2 (22:35):
One, thank you, Good morning, good morning, Happy Monday.
Speaker 13 (22:38):
Happy Monday.
Speaker 2 (22:39):
Nurses in the Upper North Island beginning local industry election today.
Speaker 13 (22:44):
That's right. Look, the NEWSES organizations is that their concerns
about the staff shortages they continue to go unaddressed. This
is following that twenty four hour nationwide strike which happened
last month. So North Shore District Nursing Service nurses, they
are going to carry out a week long uniform strike.
They're going to be wearing T shirts saying not enough nurses.
Auckland Hospitals Cardiothoracic and Vascular intensive Care and also Fungeeday
(23:09):
Hospitals Acute surgical services nurses. They will undertake a redeployment strike.
Now they're usually sent to short staffed areas when required,
but instead what they're going to do they're going to
remain in the awards only going for life preserving reasons.
Speaker 2 (23:23):
Okay, how's our weather?
Speaker 13 (23:25):
Well, yeah, not good. Showers, possible thunderstorms and hail easing
later northwesterlies, gusts, gale, you know, and then in thunderstorms
tonight just not a good day.
Speaker 2 (23:36):
You can come it down, great day. Do you know
what the gen Z steirs. No, this is when you
go into a restaurant or a cafe, or maybe a
clothing shop or just on the street and younger people
you sort of and try and interact with them, and
they just give you this blank look like you're an alien. Oh,
it's apparently a thing. And people who text loads of
people texting and saying that they've experienced it. You haven't
(23:58):
experienced this.
Speaker 13 (23:58):
No, I don't go into shops what prom long and
I don't I will you know what this could be
because I don't engage with the youth of today. True,
I'll just say.
Speaker 2 (24:09):
You're a bad day, you're a bad example. But I
wonder because you understand them, evil old witch. But when
we were growing up, well, my mum would you know,
would basically beat you to a pulp if you didn't
smile at everyone that walked past, say hello and them
in the eye.
Speaker 13 (24:27):
And you're right and in the cargo you know. Look,
I'm not saying that it doesn't happen in the North Island,
but because I'm from in Vercago, when I moved up
to Auckland, you know, and spent years and years in Auckland,
and even now when I go home to Vcago. People
are friendly young people, old people, and they actually engage.
And I find it like I think, oh my gosh,
how are you are you from? And they asked me
(24:48):
like fifty thousand questions. My inside voice is going, you
knows the old back to or your nosy young bat.
But it's actually quite notice.
Speaker 2 (24:56):
Do you know what you are? You are a I
don't want to say how old. You're an older person
trapped in a gen Z. You're a gen Z person
trapped in an older person's body. That's for you. That's
what I am. At your core, your a gen Z.
Speaker 13 (25:08):
Okay, I'm going to be really nice. I'm going to
do you know what, though I thought maybe you two,
I mean you and I are hanging around my hosting
too long because you know, he doesn't engage with anyone.
Maybe that's what it is.
Speaker 2 (25:18):
I didn't think about that. But he's actually a gen
Z and an old man's body.
Speaker 13 (25:23):
Oh yeah, an elderly person's body.
Speaker 1 (25:27):
Right.
Speaker 2 (25:27):
It is sixteen away from six year on news Talk ZB,
we'll get to London next. On the Starmas the Lens
get well, everyone from Europe is basically jumping on a
plane heading to Washington plus New Zealand about to hit
one trillion in debt All Ahead News Talk ZB Good
news for Milford this morning. They've just taken out the
Consumer New Zealand People's Choice Award Kiwi Saver. This is
(25:49):
for their Milford Kiwi Saver plan and guess what that
makes it eight years in a row for them. Now,
there's also morning Star's latest independent survey. You can find
that at Morningstar dot com dot au. This will show
you that Milford has had the number one performing keywisaver
funds in the growth, balanced and conservative categories in returns
for the past ten years. All of this is down
(26:12):
to Milford's expert team their active approach to investing as well.
So why wouldn't you make the switch to Milford for
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You just go online. You just need a photo ID
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Our past performance not a reliable indicator of future performance.
Milford Funds Limited is the issuer of the Milford Keewisaver Plan.
(26:33):
Please read the Milford KEEBSAVI Plan product disclosure statement at
Milford Asset dot com and before investing you may wish
to seek financial advice. For more information on Milford's advice services.
To see their financial advice provider disclosure statement, please visit
Milford Asset dot com slash getting Dash Advice.
Speaker 1 (26:53):
International correspondence with NS and Eye Insurance Peace of Mind
for New Zealand Business.
Speaker 2 (27:00):
You're on news talk to you, but it's twelve to six.
Half the leaders of Europe are heading two Washington with
Zolensky this for a meeting with Trump over Ukraine. And
Gavin Gray is our UK europe correspondent. What are we
hearing from Zelenski?
Speaker 14 (27:13):
Well, at the moment that I think he's pretty pleased
that they are going to be joining him. The fear
I think all of the European leaders have, and President
Zelenski as well, is that in some way the press
conference might be ambushed, as he was ambushed before at
the White House when it led to that really unpleasant
scene of him being criticized for what he was wearing,
(27:34):
being told he didn't have the cards, and really being
male to look very very small in that room. And
I think you're really saying, look, we are there with you.
We're going to show solidarity whatever happens. As a result
of these negotiations with Russia. But what's incredible is this
isn't just you know, the European Commission meeting along with
President Zelenski. This is a number of European leaders going.
(27:57):
It's almost quicker to tell you who isn't going, but
it's the UK Prime Minister Sirkir Starmer, the French President
Emanual Matt Crant, German Chancellor Fredi Muz There's all sours
going along with the European Commissioned President Ursula Vonderline, and
I think they all want to try and show that
they are part of the process. Ukraine is on Europe's
border and they want to try and protect it. The
(28:18):
question is will Vladimir Putin be listening, will Donald Trump
be listening? And what effect will it have on this process?
Speaker 2 (28:25):
Keevin appreciate that, thanks for the update. That meeting taking
place tomorrow morning our time. It's just going to living
away from six now, Ryan Bridge, someone hit the alarm bell.
Will your new data shows we're on track to hit
one trillion in national debt within three years. Current debt
stands at eight hundred and seventy billion. This is across
the both private and public on average, that's about one
(28:46):
hundred and sixty three thousand per KIWI. Brad Olsen is
Infametric's principle economist with us this morning, bread, good morning,
Good morning. It's I mean, it sounds an alarming figure,
is it.
Speaker 8 (28:58):
I mean, it always feels alarming when you're sort of
talking in the hundreds of billions of dollars, and it is.
But I think as well, this is the money that
we often are using for a lot of quite important purposes.
This is what people are using when they get a
mortgage to buy a house. It's what the government uses
to invest in critical infrastructure. It's what businesses use to
(29:20):
invest in new plant and equipment. So it does sound
like a scary number, but it is important in many ways.
The challenges is our debt sustainable, not necessarily if it's
big or small or anything else. And I guess on
that metric, it's fascinating to see that. You know, yes,
we've continued to see it grow, but in recent times
it has been growing at a slower pace. And I
(29:42):
think that that's part of this or almost sort of
economic right sizing that we're seeing at the moment as
we go through that sort of post COVID hangover period
for government, for businesses, for households, everyone's going just how
much debt do I need? How much can I afford?
And what does that all mean? Coming up other side.
Speaker 2 (30:00):
Also, we've had house prices that are either falling or flat,
which means you're not borrowing as much, which makes up
a lot of this right.
Speaker 8 (30:08):
Yes, that's definitely true, and I think that's why you've
seen for some of the household figures that things haven't
gotten quite as intense in terms of further growth as
we've seen a couple of years back. You look at
the likes of house prices at the moment still sitting oh,
what's seventeen twenty percent below their peak.
Speaker 2 (30:27):
We know as well that.
Speaker 8 (30:28):
You know, in recent times, people haven't been quite as
keen to get out and buy. Yes, there's been a
lift in sales over the last year, but with those
lower prices again people just trying to sort of find
the new goldilock zone for how much they're willing to invest.
And I think that the area that I found most
interesting was you look into some of those sort of
business investment figures, and that's an area where you do
(30:50):
generally actually want a bit more growth. You don't want
it to be completely unstoppable, but you want to know
that businesses are comfortable have access to capital so they
can invest, you know, in new manufacturing techniques and new
technology so that we can get more productive over time.
So some concerning numbers in the data, some optimistic numbers
in other places, but overall, yes, the debt pile is
(31:13):
getting bigger, but not at the same pace it was before.
And that's probably not a bad position to be.
Speaker 2 (31:18):
In, in a word, because we are at a time, Brad,
but how do we compare with the rest of the world? Good, bad, ugly, better,
but still not comfortable. Appreciate your time, Brad Olson, Infametrics,
Principal Economist. Eight to six News Talk SBB Mike Hosking
here next the news.
Speaker 1 (31:36):
You need this morning and the in depth analysis early
edition with Ryan Bridge and one Root Love where you
Live News Talks.
Speaker 2 (31:43):
There'd be talking to your Monday. It's just gone six
away from six. If you didn't see it. At the weekend,
there was a dance off between Christopher Luxe and Chris Hipkins,
and I think Luxon. You'd have to give it to
Luxeon because purely out of enthusiasm. But pointing your fingers
in the air and clapping does not a dance, mate,
I don't think you can't call it dancing, but I
(32:04):
suppose at least they were trying Mike's in the studio
with us. Mike, who would you give it to?
Speaker 15 (32:09):
I gave it to. I read Stuff's account and that
tells you everything you need to know about them. Overtly
left leaning because they suggested Hipkins was the better dancer.
Speaker 2 (32:20):
You can't. They were wrong.
Speaker 15 (32:21):
They were wrong.
Speaker 2 (32:22):
He was barely moving, He didn't go to the front
of the stage when he was invited. They got it
more reserved that that doesn't make you a better dance
What is up with it's men? When you when someone
says dance, don't move your hands, move your hips.
Speaker 15 (32:37):
It's a generational thing that there's an entire generation of
white New Zealand males who can't, who simply can't dance.
Speaker 2 (32:43):
Can you, of course not? Did you do folk dancing?
Speaker 15 (32:48):
We did folk dancing at school and that was you know,
like the doc do and all that sort of stuff.
Speaker 2 (32:53):
We did a bit of hip hop and R and B. Yeah,
we did, we did.
Speaker 15 (32:56):
We did disco hip hop R and B, and we
all say, like the school disco was the world's most
embarrassing thing because not even as a kid, you couldn't dance,
and you didn't want to dance, and the girls sort
of could, but you couldn't, and the whole thing.
Speaker 2 (33:07):
I've always been quite proud of the fact that I
can move my hips as a as a as a
white talking to zealand taking it up. I can move
my hips, which seems to be everybody else seems to
be paralyzed from the belly button down. All you need to.
Speaker 15 (33:22):
Do is stand in front of video camera, put it
out there and let's see.
Speaker 2 (33:25):
Let's see there's actually one in the studio here, Mike,
do you want to see No, I would you like
me to gyrate for you on a Monday morning?
Speaker 15 (33:32):
No, No, Monday would have been Thursday, maybe into a Friday,
maybe Monday. It's too much. Christopher Luxen in the studio.
Speaker 2 (33:40):
See what you can make happen? Looking forward to that.
Mike Hosking is next four to six fell.
Speaker 1 (33:46):
Full Space from a stupen latue.
Speaker 2 (33:53):
Mister Lue.
Speaker 8 (33:57):
I you.
Speaker 1 (34:01):
For more Famarlily edition with Ryan Bridge. Listen live to
Newstalk setb from five am weekdays, or follow the podcast
on iHeartRadio
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