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):
There'd be good morning, Welcome to Monday six after five
coming up. We'll keep you across Ryan Fox. Winston's heading
to Manila, so is Marco Rubio. So's the Chinese and
the Russian foreign ministers by the way, so that'll be interesting.
Gavin Gray's in the UK for US this morning, and
we will speak to labor about National's announcement on consent.
Why they're all bickering about it, the agenda, the twenty
(00:33):
peo toly great to have your company this morning. Iran
is heading civilian targets in Q eight. This is after
two US servicemen died and then the Americans struck back.
Now the Iranians striking them back in kind qui.
Speaker 3 (00:47):
Now that the American enemy is seeking to escalate conflict
and there even heavier costs and greater disgrace, it should
know that the deer Iranian nation and the Resistance Front
have unforgettable lessons for it.
Speaker 2 (01:00):
Yeah, so all Beckon never really stopped. Put All Beckon Meanwhile,
big weekend for Andy Burnham over in the UK is
gearing up for number ten. Trump Reckings is going to
get on. They also would forgive me turn on the
tap in the North Sea, which of course Labor had
turned off.
Speaker 4 (01:14):
He goes on to say, also, word is that the
UK is going to move the old and horrible looking
windmills which loom over and destroy the city of Aberdeen.
That will be a big day for the country and
will be very much appreciated by everybody.
Speaker 2 (01:28):
Now. The Deputy Labored Leader Lucy Powell had this to
say about this.
Speaker 5 (01:32):
I think what.
Speaker 6 (01:33):
Andy's talking about is taking a more pragmatic approach and
working with the industry to make sure that it can
contribute to that transition. But I don't think it's a
it's a change of policy. It is more a change
of emphasis.
Speaker 2 (01:47):
Change of emphasis and a more pragmatic approach. That's political
speak for a U turn. Anyway, we'll talk about that
at about twenty minutes time. Meanwhile, there's also been reports
that the Time's water the lenders up appearing a legal
challenge because there is talk that Burnham, when he comes in,
is going to nationalize the company.
Speaker 6 (02:07):
Let's be honest, I think this is something that we
can all see the privatization of water hasn't worked. It's
not created competition. What we've seen is bills going up
and up and up over years and years and years,
investment not being being made into the so you're open,
so you're open. And then now these companies are in
(02:29):
real distress.
Speaker 2 (02:30):
Finally, this morning, the Minisphere tape Bros have been arrested
in the.
Speaker 7 (02:34):
Uear charges relate to seven victims spanning a period from
twenty ten to twenty seventeen. Our officers have worked closely
with the CPS and both national and international law enforcement
agencies as part of this complex investigation.
Speaker 1 (02:50):
News and Views you Trust to start your day. It's
early edition with Ryan Bridge and Spark for Business Technology
that keeps business moving.
Speaker 2 (03:00):
Confused talks nine after five? Great to have your company,
or is everybody excited about the All Blacks? Or is
everybody excited? Well, Rugby fans excited about the All Blacks.
I know we've got Ryan Fox that will give you
updates on this morning. But I did watch the game
on Saturday and I have to say, yes, wonderful result,
but boring game, wasn't it? Nothing like the game against
(03:20):
the French, which is far more exciting and there wasn't
as much stopping and starting from a spectator's perspective, however,
and why is okay? Two annoying words to do with
rugby at the moment. One is optimism. What do you
mean we're playing an optimistic style of rugby? And two
is physicality. All the physicality on that one, All the
physicality on that one. Anyway, Apart from that, it was
(03:43):
a great result, wasn't it? And we look forward to
similar results against South Africa. Now to the Manila. John
Winston Peters is going to Manila today. This is for
an US in Foreign Minister's conference, and it's interesting in
that the other attendees have a lot to say to
each other. Lavrov from Russia's going, Rubio from America is going.
(04:05):
Winston obviously from New Zealand. One year the Foreign Minister
of China is going. So Trump is going to well
meant to be going for on a visit to China
in Beijing in September. So no doubt they'll be chatting
about that we've had the ICBM fired into the Pacific
from the Chinese. No doubt Winston will be talking about
that we've got the war in Iran. We've also got
(04:26):
of course Ukraine and Russia and Lavrov will be there
so bit on the agenda for the Old arc In
conference also this morning. How much do you think your
employer should pay if you're not paying into your KIWI
SAB right now? And granted there is a change of
foot the windsor change are coming and it's going to
be compulsory if National gets its way. However, if you're
(04:49):
currently not enrolled in KISAB and not contributing to it,
your employer doesn't pay anything either. Now in some like
in America, for example, if you work at Costco, and
this is not a law, they just do it. But
if you work at Costco, four percent of your salary
will go into your four oh one K, which is
your super account. Even if you're not paying anything into it,
(05:11):
your employers still will. And if you look at I
spoke to a couple of employers at the weekend about
this particular issue and they said, well, it does you
know it sort of wouldn't really make a difference because
you could get an employee who was contributing, who was
a good worker. You could get an employee who wasn't
contributing who was a good worker, so you would have
to pay for one and not the other, and they
(05:32):
probably wouldn't mind on balance, paying for those even if
they weren't paying for themselves. So do we think that's
a good idea. By the way, if you work for
just having a read this morning, if you work for
Visa in America, they put two dollars for every one
dollar that you contribute to your four oh one k
up to five percent. That's parliament level perks, isn't it
at Visa in the US? Twelve after five Ryan Bridge
(05:54):
your News Talks, he'd be Vicky Price does the business
with us shortly All ahead the.
Speaker 1 (05:58):
Early Edition show podcast on iHeartRadio, Power It by News
Talks ABB the first word on the News of the
day Early Edition with Ryan Bridge and Spark for Business
Technology that keeps business moving News Talks b.
Speaker 2 (06:16):
Great to have you company Vicky Price to do the
business for us in about ten minutes time. By the way,
we're keeping an eye on Ryan Fox at the Open
Championship at Royal Birkdale. He's in contention for a pretty
big victory there for his sixteenth hole. Fox got himself
back into the joint lead with a Birdie, so we'll
keep you updated. Of course, Andrew'll have more at half
past Ryan Bridge fourteen after now, So let's talk football.
(06:38):
That'll be another big one today, won't it? New Jersey
near New York City. FIFA World Cup Final Argentina Spain.
Seven am our timers kickoff and FIFA is giving it
the full Super Bowl treatment with its first ever halftime
show Madonna, Justin Bieber that'll be performing, Trump presenting the trophy,
so it'll be a real fiesta. Alex Thomas, Sky News
(07:00):
Fox Sports News presenter is with us this morning and
great to have you. How's it going well.
Speaker 5 (07:07):
I'm glad I actually made it to this interview because
I've just stood in the longest queue I've ever experienced
at a major sporting event. I've done five other World Cups,
Men's and Women's, Summer and Winter Olympic Games, cricket, rugby,
World Cups, Ryder Cups. Not trying to boast, just to
say by comparison, FIFA really struggling in a huge stadium
(07:27):
that's famously inaccessible, even before you hold a World Cup
final here at a time when you got US President
Donald Trump on his way probably in the next fifteen
minutes or so, he's unifly's presidential helicopter Marine one over
the stadium, land nearby, get the cavalcade to the stadium,
and as all New Yorkers know, when that happens, everything
comes to a complete stand. So we almost got caught
(07:49):
up in that filming around Manhattan a couple of days ago.
I expect him to be here in the next fifteen
minutes because that's when the pre game closing ceremony starts.
And like you were just mentioning a few moments ago,
absolutely star studed. They're really trying to bring some American
glitz and glamour to this World Cup. European fans won't
like it, but to others who are just coming to
this tournament, it's new expanded tournaments. They've probably enjoyed themselves
(08:12):
over the last five or so weeks.
Speaker 2 (08:14):
Alex I was reading this morning, so you've got eighty
two thousand ticket holders and apparently the Secret Service was
going to search every individual person and their bag.
Speaker 5 (08:24):
Did that happen when you went in? That's right, so
inevitably they like to put the media in. I sounded
like a real journalist, moan. Now, I don't mean to
do this media entrances least convenient side of stadiums. But
it didn't mean I could get a good walk round
from the American Dream shopping Center, which is on the
Cusp pair, which is absolutely enormous. It's got a snow
(08:45):
a ski slope inside it, and a swimming pool and
a golf course as well, all indoors coming rounds through
all the tens of thousands of fans who had heeded
the warnings to get here earlier, All Largentinian supporters. As
far as I could see, they're not out bring the
Spanish fans to to one. It's more like one hundred
to one, absolutely crazy. And I could wind my way
(09:06):
all the way around, and you're right. I tried to
get in one gate that was suggested by an official,
and they said, because I've got a bag, I've got
to go to another one because the Secret Service have
to inspect every single one inevert you. When I got
to the gates, it was quite quite a cursory check.
Spain gonna win alex Spain got the better football. They
showed that when they out played France, who were until
(09:27):
the semifinals the outstanding team. But as Lionel Messi showed
against England with both assists for the two goals in
the final five minutes of the game. With the goat
the greatest of all time on the pitch, anything is possible.
I expect this to be much closer than the ten
goal thriller France and England played out in the bronze
medal final yesterday.
Speaker 2 (09:43):
Fantastic, looking forward to it. Thanks so much for that.
That is correspondent Alex Thomas, Sky News and Fox Sports
News present to at the stadium in New Jersey, New
York City. It is eighteen minutes after five. By the way,
you won't see the Argentinian president. The Javier Malay is
not going and no Argentinian president has been to a
World Cup match for thirty six years. All dates back
(10:06):
to a superstition from the nineties, well nineteen ninety in fact,
when Carlos Menhim visited the Argentinian squad just before they
lost to Cameroon. It was opener. It was a shocker
and it was bad and so bad luck Whodo. He
won't be there. Pedro Sanchez, whose family increasingly seems to
be embroiled in fraud and corruption cases. He's going to
(10:31):
be there. He'll be attending along with the King. It
is eighteen minutes after five The Early.
Speaker 1 (10:37):
Edition Full Show podcast on iHeartRadio powered by Newstalks at B.
Get ahead of the headlines on Early Edition with Ryan
Bridge and Spark for Business Technology that Keeps Business Moving
News Talks AB.
Speaker 2 (10:53):
Five twenty one News Talks THEREB. We'll get to the
UK very shortly. Oil prices on the up. According to Bloomberg,
more than a quarter of Middle East oil as now
being shipped through from Iraq through Syria. This is to
avoid the straight of hor Moos and it's also using
thousands of tracks to do it. Vicky Price, our business correspondent, Vicky,
what's the latest here?
Speaker 8 (11:12):
Well, yes, I mean the worry that everyone has had
is that the strait of her Moo's closure, which is
with us again, I'm afraid I would push oil prices
up quite significantly. This has happened up to a point.
But quite a lot of producers, as the people from
the producer from Iraq, as you just mentioned, are finding
that they can actually find different roots, but of course
(11:35):
they're more costly and they take longer. And also what
we have heard is that Iran is encouraging the hooties
who generally have tried in the past to disrupt anything
that goes through the Red Sea, which has been a
very sort of general way in which goods come through,
(11:56):
and we're not just talking here about oil, to disrupt
that as well, So it could get worse from that
point of view. But the fact that there are now
all sorts of different ways that lots of oil producers
are trying to find to get the oil out bypassing
Iran as far as it possibly can, I think that's
good news in a way, but I'm afraid, as I said,
partly it's costly doing it that way, but also they
(12:18):
talk about having new pipelines or using pipelines instead of
using the normal shipping routes, actually also means possibly more
costs and a lot more uncertainty as to the quantity
that can be shipped that way. So we're in a
very uncertain situation unfortunately, and that is bound to be
affecting energy prices generally here in the UK. We're already seeing,
(12:41):
of course, spetrol pump prices going up quite significantly over
the last week and over since the sort of cysfire
seems we've come to an end. Over the last week,
oil prices have gone up by about fourteen percent, which
is actually quite significant.
Speaker 2 (12:57):
Speaking of significant alside the eurozones, parent account surplus is widening.
This is for May.
Speaker 8 (13:04):
Yes, I think that's quite interesting because of course, you know,
we had the whole tariff's war originating the US, and
one of the reasons why the tariffs were in post
is because the U is actually quite good at exporting
goods and it has a big surplus with the US,
and that's what President Trump hasn't liked. It also has
a big surplus actually with the UK, which is not
(13:25):
hugely surprising, of course, given you know Brexit and everything
else that's happened here. So what we find is that
they are continuing to export despite everything that's happening, despite
the issue of tariffs, not as much as they were
doing a year ago, but certainly surpluses are still there.
The latest indeed, as you're saying, in May, there was
a twenty five billion euros surplus, and it is a
(13:49):
little bit less than perhaps would have been expected this
time of the year, but it does suggest that the
U economy is still going, particularly on the manufacturing side.
But it also is to you that because they have
had quite a hit. The war in Ukraine itself has
affected Europe particularly. But also, of course we're seeing now
with Iran they're also importing a bit less, so there
(14:13):
is a mix of those things. So they're still exporting,
but also their economy has weakened and therefore of course
they don't input as much now. Of course, President Trump,
we look at that again. Since they've just negotiated another
deal with the you, I think you will be looking
at all that. And none of the deals that we
know have been signed can be guaranteed for the future.
(14:35):
So yes, it's good news in some ways for the you,
but it's something to watch.
Speaker 2 (14:40):
Vicki Price, our business correspondent, good to have you as always.
It is twenty four minutes half of five year on
News Talks. We'll go to Gavin Graham in the UK
in about twenty minutes time. He's going to give us
an update on Burnham, who is first day on the
job at number ten. Tomorrow next though, we'll look at
Winston paid is the billion dollars for a little look
see for oil and gas. It is twenty seven minutes
(15:01):
half to five New Zealand first wants to spend a
billion bucks looking for oil and gas fields to make
our country rich again, well richer bit more like the
place that our kids are going to earn a living
at the moment, Australia, who've pulled in a whopping four
hundred and thirty billion dollars in mining royalties billion over
the past decade alone. That's a half a trillion dollars
(15:23):
in ten years justin royalties, not including tax. They want
to be a bit more like Norway, where per person
GDP is one hundred and fifty thousand dollars per person,
one of the highest in the world. Ours is eighty
five thousand per person. The Norwegians, of course, got a
big boost from oil in the sixties and beyond. They've
got a two trillion dollar wealth fund which pays for
(15:44):
the stuff the Greens and labor here could only dream of.
And herein lies one of the two big problems we
have in this country. The first one is not that
we don't want more children out of poverty, or a
generous welfare state or universal pensions. The problem is how
you pay for them. Debt is a downward spiral, but
it's how we've been operating here since twenty nineteen. That's
(16:04):
the last time the books were actually balanced in New Zealand.
So there is logic in dragging oil and gas up
out of the ocean to pay for stuff, especially as
the rest of the world, including the US, is doing
this anyway, Which brings us to the second problem with
this issue and Winston's plans for it, And that's the opposition.
Of course, what's the point in US spending a billion
(16:25):
bucks to look for the oil if the next government
won't let anybody drill for it. The only way this
makes sense is if you get big parties to agree
with each other. We actually need this stuff, We need
another feather in our bow economically speaking. Right now, Andy
Burnham apparently is having this very debate with his top advisors,
including Mike Munroe, who worked for Disinda Adern. The British
(16:47):
press there reporting that Burnham is about to announce plans
for new oil and gas drilling in the North Sea.
Remember labor, they're bandit. Burnham's a union guy, a worker guy,
a more common sense guy, so they say, and therefore
is about to turn the black tap back on Chris
Hopkins in New Zealand is not that guy for the
(17:08):
New Zealand Labor Party and until the opposition puts down
its giant no sign then spending a billion bucks looking
for oil is pretty much throwing money down the dunny
at this point twenty nine after five, we'll head to
the UK, get the latest before Burnham's first day and
give an update on Ryan Fox in a few seconds
(17:29):
time News Talk SEBB.
Speaker 1 (17:33):
The Early edition Full the show podcast on iHeartRadio, How
It by Newstalks B on your radio and online on
iHeartRadio Early Edition with Ryan Bridge and Spark for Business
Technology that keeps Business Moving News Talks EDB.
Speaker 2 (17:57):
Pretty far away from the sector on News Talks EDB.
Ryan Fox's prayers have been answered at Royal Birkdale. As
you heard, Wendy peachre left breathless by this fantastic news.
Ryan Fox has got the boodie on the last whole
ten underpar Here is the audio of that special moment,
taking nor time at all.
Speaker 9 (18:15):
It's what your dream of a punt to win the Open.
Speaker 3 (18:19):
He has its.
Speaker 7 (18:22):
Ryan Fox Champion Golfer of the Year.
Speaker 2 (18:26):
He celebrates and far away in your zooan celebrates with
on certainly something to celebrate. It is a major major
fourth key we to win a golf major. Bob Charles,
Lydia Coe, Michael Campbell and now Ryan Fox, congratulations twenty
three to six our reporters. Calm. We will get by
the way to the UK just in about ten minutes time.
(18:48):
I want to update you on Burnham's first day in
the job, which is tomorrow. We're also going to talk
to labor who are complaining about national. What's new with that?
Complaining about national but it's over consent laws. It's a
little bit icky, isn't it to be having a public
spat about something like that and it's one side having
a go at the other. So we'll talk to labor
and try and figure that out and shake it down.
(19:10):
It is twenty three to two now, Brian Callum and
duned and Callum. Good morning morning, right. Why are global
travel and tech leaders getting together in Queenstown today? What's
going on here?
Speaker 10 (19:22):
Big conference starts there today Global travel, tourism and tech
leaders are meeting for the Asia Pacific Web and Travel
Conference and they'll be discussing the future of the industry
in Queenstown as Queenstown, Central Otago works to become a
global hub for travel technology, so they'll cover off artificial intelligence, sustainability,
(19:42):
and changing travel trends. Nonprofit Technology Queenstown's leading the push
to grow the region beyond traditional tourism through high value technology.
Roger Sharp's the founder Hess. Their goals to grow the
district's tech sector to one billion an annual GDP over
the next twenty years. Fantastic hash your weather, It's good here,
fine high cloud develops this evening light winds and eleven
(20:05):
today nice one clears and.
Speaker 2 (20:07):
Christ It's morning Claire, good morning. Are the Arthur's Past
Chalet is coming back to life.
Speaker 11 (20:12):
Yes, it's getting a bit of a revamp. It's the
famous chalet on State Higway seventy three as you pass
through Arthur's Past. It has been sitting empty for more
than a decade now, and that was until last year
when the Rockpool Group bought it for two hundred and
fifty thousand dollars. It's a christ Church group that has
purchased it. They're transforming it into a tavern with a
new cafe, a bar, and even a library, while also
(20:33):
preserving the original Swiss character. They tell us that restoration
is now almost complete. Spokesperson Annabel Fisher says it's been
a huge project, but it is a special thing to
bring something like this back to life. It'll be a
place of point of visiting for tourists as well as
families and people just stopping through.
Speaker 3 (20:51):
She says.
Speaker 11 (20:51):
The previous owners had it for about thirty years and
people have very fond memories, so they're gathering pieces of
history to also exhibit there. It is expected to open
around October.
Speaker 2 (21:01):
Fantastic. How's your weather?
Speaker 11 (21:03):
Very frosty and cult to start. Should clear to find light,
winds at a high twelve degrees.
Speaker 2 (21:07):
Nice one that's got a to bes and Willington hate
to bes.
Speaker 12 (21:09):
Good morning, right?
Speaker 2 (21:10):
Are you going to be the pub this morning? Add
go watch the football?
Speaker 5 (21:14):
Yeah?
Speaker 12 (21:14):
I am heading to the pub actually because this is
its Argentina. They take on Spain this morning and football
fever is taking over Wellington as well. Hordes of people
starting to flock into bars around Wellington. It's time for
Argentines to shine. Today's stats and z shows while there's
three thousand of them that call New Zealand home. I'm
heading up to Chimmy Churi in Brooklyn here after this.
(21:36):
In Argentinian barbecue, who are expecting dozens together in both
full color and voice. They've actually started a community initiative
here in Wellington called Wellington Meta to bring people together
through football, culture and community spirits, and they're hoping to
get everyone together for this one. Otherwise, the Welsh Dragon,
four Kings and the Cambridge Hotel all expecting big crowds
(21:59):
Wellington Airport. They're even offering free parking this morning to
get into their big fan zone.
Speaker 2 (22:04):
Fantastic. How's your weather?
Speaker 12 (22:06):
Mainly find chants of an early afternoon shower, a couple
so few southerlys and eleven degrees to high in Wellington.
Speaker 2 (22:12):
Nice one and Wendy's in the studio with us this morning,
fresh from celebrating Rhine Box as well.
Speaker 13 (22:17):
Were so exciting, wasn't it very cool?
Speaker 2 (22:20):
What's going on in Auckland? We've got some researchers coming
here this week.
Speaker 13 (22:23):
Yeah, We've got a global marine experts are all gathering
in Auckland this week for the sixteenth International Coral Reef Symposium.
The four yearly conference is focused on threats facing coral
reefs and for the first time since twenty sixteen, Pacific
island researchers will have a voice about a court of
the world's coral reefs are found in the Pacific. University
of Auckland's Dan Hikoro says it makes Auckland the ideal
(22:47):
of the host city for them to offer an important perspective.
He says, the locals have in depth and detailed knowledge
and it is extremely.
Speaker 2 (22:53):
Valuable, fantastic. How's our weather?
Speaker 13 (22:56):
Well, not looking so good today. Isolated showers developing in
the morning, becoming widespread the afternoon. So I'm heavy. We've
got light when southeast Lea is from the afternoon and
heading for high fourteen degrees.
Speaker 2 (23:06):
Nice one. Good to have you here. Wendy is always
It is nineteen minutes away from six by the way.
Ryan Fox years ago he spoke about back in twenty thirteen,
he was on he was in Australia. It was doing
the Australian PGA tour and he was thinking about quitting.
He was not performing particularly well and he was sort
of coming to the end of himself and thinking do
I just throw in the towel here? I mean, thank
(23:27):
goodness that he didn't. But his dad, Grant, who we
all know, was his caddy at the time, and apparently
he said to his dad, I'm over this. I'm going
to throw in the towel and dad said, what are
you doing this for? And it was a simple question,
but it was a question that completely turned his game
around and kept him playing golf. And here he is today,
(23:50):
the fourth key we to win a golf major. Pretty cool.
Eighteen to six News Talk said, b it is called
a sixth Great to have your company this morning and
great to be celebrating Ryan Fox. Fourth keep to win
a golf major. This is at Royal Birkdale. Ryan brilliant Fox.
Finish to win the Open. That is the sport result
of the weekend, if not the year, says Phil. What
a champ you beauty, Ryan Fox. He's the man goosebumps here.
(24:12):
Thanks Simon. Nice to have all your messages flooding and
supporting him this morning. And my question was what are
the news outlets do tonight sports wise, because you've got
the football final on this morning, but then you've got
Ryan Fox. You know, in the old days they would
have just led with the All Blacks, but I think
they'll have to go with Ryan Fox. It's been interesting
(24:32):
watching TV one because TV one has the rights to
the football, so It's like in the past two weeks
the all Blacks haven't existed. If you watch the I
mean they do cover it button, you know, they've obviously
got to put their best foot forward, which when you
pay that much for the rights, is the football anyway?
It'll have to be a Ryan Fox show tonight, won't it.
Surely it is quarter to.
Speaker 1 (24:50):
Six International correspondence with ends and eye insurance, peace of
mind for New Zealand business.
Speaker 2 (24:57):
Kevin Gray are UK. You're a correspondent. Andy burnhams staying
the job tomorrow? Gavin? Is it true? Is Andy going
to turn the teps back on the North Sea?
Speaker 14 (25:06):
It's looking that way, Ryan, Yeah, quite a shock this.
He promised to stick to the Labor Manifesto. The party
manifesto said at the last general election under which Sakirir
Starmer got elected, that there would be no new oil
and gas drilling, there would be no new licenses. It's
now been revealed that Andy Burnham, who is due to
take over as Prime Minister tomorrow, is due to reverse that.
(25:27):
He's going to meet King Charles the IID and then
start with an announcement about what he intends to do
as our new Prime minister, So that's going to be
quite interesting watering down proposals as well to well actually
nullify talks about mandatory digital ID for workers in the UK.
That was something Sekir Starmer had pledged to get underway.
(25:48):
Looks like Andy Burnham's dropping that the nationalization of utility
companies is set to continue as well. But we really
don't know how he's going to plug this black hole.
And the black whole is either going to mean that
we're going to have to pay more tax and or
reduce our spending, and that he's not talked about yet,
So that's going to be very interesting. We're going to
(26:10):
get all the news tomorrow in this outline.
Speaker 2 (26:12):
Of a speech.
Speaker 14 (26:12):
And finally I think we're going to hear his pick
for the cabinet, and that's going to be really, really
interesting because the job of Chancellor, the money person, is
up for grabs and the money markets are waiting anxiously
to see his pick. Is it going to be somebody
on the left or is it going to be somebody
who might be more prudent with the purse strings.
Speaker 2 (26:31):
Well, that's got to be job number one, doesn't it
That you've got to plug the hole? That you're talking about.
Is there any suggestion he thinks that the black gold
is going to plug the black hole or is this
more of a long team shift.
Speaker 14 (26:41):
Yeah, I think that's part of his proposal. Actually, I
could see that as being and we are going to
generate x billion through that and therefore we've got this
extra money. But it's I don't know. This is going
to be an interesting balancing act that he's got to
carry out. There are plenty in this party who voted
against titling the purse strings, for tightling the states and
benefits when there was a government majority of one two hundred.
(27:04):
So what is this going to mean now for Andy
Burnham when he takes over, And that's going to be
the key question. I think it's probably going to get
a combination of trying to reduce public spending, increase taxes.
But again, who do you cut the benefits out for?
Who do you increase the taxes for? So some big choices.
Speaker 2 (27:21):
All right, thanks for that update. That's Kevin Gray are
UK Europe correspondence twelve minutes away from six on oil.
For a second, this is out of Iran, so you
know there was the gap in the straight of Horn
moves closure where they had a ceasefire or an MoU
that was signed, and so the ships, the Iranian ships
were able to get through well. In that about one
(27:41):
month window, the Iranians managed to get twenty tankers with
seventy million barrels of oil heading for Asia during that
time that the blockade was lifted in mid June one
month window. That equals five to six billion US dollars,
which and by the way, they suck them on some
ships head to Malaysia and then they pump them through
(28:03):
to some Chinese teapot refineries which are like privately owned ones.
They pay a cheap price for everyone's happy. The upshot
billions of dollars in oil revenue is coming the way
of Iran and Tehran in the coming months. Ran Bridge
National's plan changed to sex consent laws getting very political
this morning. If reelected, they've said they would change the law.
(28:25):
It must be an active yes beforehand, not just the
absence of a no.
Speaker 15 (28:30):
There are tens of thousands of people every year according
to the surveys, who are victim of sexual violence in
some way or form, and so this change is not
going to dramatically change that overnight. But it is sending
a clear signal.
Speaker 2 (28:44):
Right joining us as Karmela Bali's Labor Justice spokesperson, come
a good morning.
Speaker 16 (28:48):
Good morning.
Speaker 17 (28:49):
What's the problem here, Well, Crustaul, that is a policy
that the Labor Party agrees with and it's something that
we've been working on on a bipartisan basis to try
and get introduced to the House before this election.
Speaker 2 (29:02):
Great, so what's the problem. They don't want to do
it before the election?
Speaker 16 (29:06):
Yeah, they yeah, they don't want to. So that's that's
a real shame actually, and were really disappointed about that,
because you know, not everything can be in our political
system can be brought forward in a bipartisan manner. But
this had been something that one of our committees of
Parliament had been working on. We'd had some work on
drafting a bill together, and we'd had a briefing from
(29:28):
the Hell and Clark Foundation or some research that they've
done onto this, and we've decided to move forward. And
then unfortunately, at our last meeting, the National Party said
that they were walking away from it and they were
going to do what they've done today, which is release
their own policy and campaign on it for the election,
rather than introducing it. To Parliament and making the change the.
Speaker 2 (29:46):
Justice he receives the Justice Select committees under the pump
at the moment, I mean, there is the realistically room
that started the election to do what it is you're
saying they should do.
Speaker 16 (29:55):
Well, Look, I'm sit on the Justice Committee, so I'm
well aware of the amount of work that we have.
But the issue that the choice that the National Party
is making is they could make a choice to join
with other parties and get this issue on the order
paper and that means that it gets on the order
paper on the next member's day, it can have its
first reading and then it will be there until the
(30:17):
until after the election, no matter who is reported to
more of it. It means it happens. It means it
means that. No, it means it happens. The National Party
at the moment is saying this, this will only happen
if you vote for us, and you know, obviously everything
gets negotiated, so this is the way of guaranteeing.
Speaker 2 (30:37):
It it will happen if we vote for you, though too,
wouldn't that I mean, well, yeah.
Speaker 16 (30:41):
What if it's something that there's a lot of agreement on,
But you know, I don't know about you, But for me,
I always think a bird in the hand are when
something you can guarantee will happen is actually when priorities
come up is much better and much more suited than
looking at you know what may happen after the election.
Speaker 2 (31:00):
What hope is therefore bipartisanship in this country. If when
you do agree on something, you can't agree to.
Speaker 16 (31:05):
Do it, you know, well, I think it's a real
lost opportunity. I think it's a shame. And you know
it's not too late. So the National Party can come
back and they can support us still and we can
make it happen.
Speaker 2 (31:15):
All right, Hey, good to have you on the show
this morning, coming about labor Justice spokesperson. Time is eight
to six News Talk SEDB before the news breaks.
Speaker 1 (31:24):
Hear it first Ryan Bridge on early edition with Spark
for Business Technology that keeps business moving.
Speaker 2 (31:31):
News Talks B six to six Tuesday. We'll get June.
This is quarter two inflation numbers, and the economists are
all coming out saying they reckon we'll either hit four
percent or we will crack and go over four percent.
This will be the highest inflation in two years. But
I mean, obviously we've had oil RB and Z was
picking three point nine for the June cort. Remember March
(31:52):
was three point one. That's Tuesday. Ryan Bridge, Shit, morning, Mike,
great to see you. Did you watch the All Blacks
or did you watch the Warriors?
Speaker 9 (31:58):
And I've been watching the golf, watched the I watched
both the All Blacks and the Warriors. So the Renny
question has been answered. It's betemphatically in three games. But
a negativity in the newsroom around the Warriors. I don't
know why people get negative about it.
Speaker 2 (32:12):
It was a win.
Speaker 9 (32:12):
We were never going to lose. I mean, was it
our greatest game ever? Probably not. But did we win?
Speaker 2 (32:16):
Yes, we did, and that's the most important thing. What
was the more interesting game? Because the rugby game, what
union game, was a bit boring compared to the French one.
Speaker 9 (32:24):
The I like, no, I love the Warriors. I watched
more of the Warriors and I did the All Blacks
to be perfectly frank, but Ryan Fox this morning, you
cannot understate how big a story this is. You know,
the very revery rarely does New Zealand to win a
major and it's better than a gold medal at the
Olympic Games. It's better than a gold medal at the
Commonwealth Games. It's probably as good as a world championship.
(32:47):
And given that, you know, if you go back to Campbell,
you remember Campbell twenty years ago, and of course no
one remembers Bob Charles sixty years ago.
Speaker 2 (32:54):
And Lvia Coe.
Speaker 9 (32:56):
You're got to go out, but you know, but it's
it's what he's done, the number and what not. Only
what he did was unbelievable. The way he won it
was fantastic because he was tied going in and he
played the last hole. He hadn't birdied the last hole
the other three rounds right, so he'd gone par par
and bogie and so to get on to put and
(33:17):
to win it with the putt and then not have
to wait or not to go up to the final
hole with a three shot lead or any of that.
In other words, it was like you're gonna win or
you're going to a playoff.
Speaker 2 (33:28):
Actually, we've got audio of the moment it happened. Do
you want to hear that? Because it was pretty special.
Speaker 9 (33:32):
Taking nor time at all, it's what you dream off.
Speaker 2 (33:34):
A punt to win the Open.
Speaker 3 (33:38):
He has it.
Speaker 6 (33:41):
Ryan Fox Chumpion.
Speaker 2 (33:43):
A royal booked and I was reading this morning about
his dad, Grant, who everybody obviously knows, talking him out
of quitting back in twenty thirteen. He was very much and.
Speaker 9 (33:53):
Not ruling out having Ryan on the program this morning.
Speaker 2 (33:56):
Fantastic. It's a great morning, Ryan, prayers have been answered.
You're on News Talks EDB. Make next.
Speaker 1 (34:08):
For more from Early Edition with Ryan Bridge. Listen live
to News Talk SETB from five am weekdays, or follow
the podcast on iHeartRadio.