August 20, 2025 • 34 mins
On the Early Edition with Ryan Bridge Full Show Podcast Thursday 21st of August 2025, Finance Minister Nicola Willis shares her thoughts on the Reserve Bank cutting the OCR by 25 basis points to 3%.
A violent extremist attack in New Zealand is a realistic possibility, according to the NZSIS Massey University security expert John Battersby gives his take.
Fletchers suffered a net loss of over $400 million last year, Building Industry Federation Chief Executive Julian Leys tells Ryan what their poor performance mean for the industry as a whole.
Plus, US Correspondent Mitch McCann has the latest on US and European military planners beginning exploring post-conflict security guarantees for Ukraine.
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Episode Transcript
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Speaker 1 (00:01):
The issues, the interviews and the insight. Ryan Bridge on
earlier show with One Room Love Where You Live News Talk,
sa'd be good morning.
Speaker 2 (00:11):
It has just gone six minutes after five. Great to
have your company this morning. Nikola Willis on the ocr
will Be with Mitch mccannon the US. Putin wants a
say on Trump's security guarantee over Ukraine, basically dragging the
whole thing out even further. A terrible year for Fletcher's
and the sis reckons. There's a realistic chance some extremist
nut job will attack on key we soil with either
(00:32):
a knife or a gun. So that's sorry, knife for
a car, So that's fun. We'll look at that at
five point thirteen this morning. Six after the agenda Thursday,
the twenty first of August, Putin's back to drawing out
the war. He says the Kremlin should have a say
in any security guarantee that Trump's talking to the Ukrainians about. Meanwhile,
(00:53):
NATO generals are meeting virtually today UK's military chief. He's
off to Washington to talk post conflict security guarantee.
Speaker 3 (01:01):
Sol Trump has said, well to get about proofs on
the ground. That's not going to happen. The US is
not going to commit troops to Ukraine, but it might
provide some air support.
Speaker 2 (01:11):
What does that mean?
Speaker 1 (01:12):
That's why Vice.
Speaker 3 (01:14):
Admals Tony Radigan Admiral Robert has gone to Washington to
try and establish is this going to be wholesales support?
What are going to be the rules of engagement? Is
it going to be logistics? Is it intelligence? Is it surveillance?
Speaker 2 (01:28):
Now, remember yesterday I told you that Hamas had agreed
to a ceasefire, sixty days ceasefire, and that the Israelis
were going to get back to us in a couple
of days. Well, the Israelis are calling up sixty thousand
reservists for a ground offensive to occupy all of Gaza City.
Hundreds of thousands of Palestinians in Gaza expected to be
ordered to evacuate to southern shelters.
Speaker 4 (01:47):
As we've been hearing the Palestinians in Gaza City, you
are very aware that already in recent days things have intensified,
particularly on the outskirts of Gaza City, with demolitions taking place,
their more strikes, more artillery fire, and that is driving
people away from certain neighborhoods.
Speaker 2 (02:06):
And from ban to fan. The White House is now
on TikTok. Here's a slippet of the first video, which
has already cocked up a million views.
Speaker 5 (02:15):
Every day.
Speaker 1 (02:17):
I wake up determined to deliver a better life for
the people all across this nation.
Speaker 2 (02:25):
I am your voice. Okay, thanks for that.
Speaker 1 (02:34):
Eight after five the First Word on the News of
the Day Early edition with Ryan Bridge and one Roote
Love Where you Live News Talks.
Speaker 2 (02:44):
So we had the strike yesterday and we had the
government saying it's just a tantrum. The teachers are throwing
a tantrum, tantrum, they're using the students as ransom. And
then yesterday the Public Services Commissioner, Sir Brian Roach came
out and said, actually, we're going to review our offer. Now,
we're revising our offer to the teachers. Our initial offer,
he says, clearly hasn't hit the mark and we are
(03:06):
doing work on a revised offer. If it was a
tantrum like the government MPs said it was, the ministers
said it was, why would you reward bad behavior? What
kid throws a tantrum and then you give them a lollipop? No,
it doesn't happen, does it. So that's weird. Do you
think maybe the ministers went a little too far with
(03:27):
their er rehtoric At some point you're gonna gett around
the table. This report from the SAS, which we'll look
at just before five point thirty this morning, it's a
New Zealand's threat basically the threat level that we face
from global terrorism, from espionas whole bunch of stuff. It's
yet you think your Aussie gunman in christ Church, think
your neo Nazi types thinks Yajihardi extremists. They've come out
(03:49):
and said things that sound scary but all a bit vague.
I guess that's the essays for you. I'll just read
some of for you. This is the report that was
released ten minutes ago. A violent extremist attack is assessed
as being a realistic possibility in New Zealand. What does
that mean? Well, explains the likelihood there are violent extremists
(04:11):
in New Zealand right now with the credible intent and
the capability to undertake an attack or an ideologically motivated violence.
This has been the assessment, by the way, just before
you totally freak out, since twenty twenty two. But something's
changed and we can all see it. The global violent
extremist environment has changed and we are part of that
(04:33):
because the Internet. The most likely attacked scenario they reckon
in New Zealand is someone who acts alone, who has
radicalized online, who's prepared for violence without anyone else knowing,
and they'll carry out their attack. They reckon using basic weapons,
either a knife or a vehicle, or some combination of both.
(04:54):
We'll look at that at five twenty this morning. It
is eleven after Get ahead of.
Speaker 1 (04:59):
The headline on early edition with Ryan Bridge and one
roof Love where you Live.
Speaker 6 (05:05):
News Talks at Me.
Speaker 2 (05:07):
So the government made a change just gone thirteen minutes
after five made a change and now it stile making
a change about the interchange fees that you pay when
you go and swipe your card, especially if it's a payWave,
there's an extra fee added. And most businesses have gone
all right, well, we're going to review this. Most councils
are going to go over except Auckland Transport. I'll get
to that a little later in the show, Bryan Bridge.
(05:30):
A violent extremist attack in New Zealand is a realistic possibility.
This is according to the sas the latest security report says,
we're up against the most challenging national security environment in
recent times. Foreign espionage is happening here, likely happening here
without us even knowing, targeting sensitive information and critical infrastructure.
John Battersby is a Massi University Center of Center for
(05:53):
Defense and Security Studies with me this morning, John, Good morning, Good.
Speaker 6 (05:56):
Morning to you.
Speaker 2 (05:58):
Do you find this alarming?
Speaker 6 (06:01):
I don't know they find it alarming. I think I've
often been critical of New Zealand has been a bit
complacent about security issues and that we really do need
to face up to the fact that the world is
changing and that there are new things happening out there
and they're not always good. So we do need to
be a lot more aware of the types of security
risks that exist.
Speaker 1 (06:21):
Now.
Speaker 6 (06:22):
Whether I would say that for alarming, I'm not too sure.
I think a number of the thinking all of these
things are listed in the threat assessment have been sitting
sitting with us for quite some.
Speaker 2 (06:33):
Time now, and there's no I mean, it's the sis.
So they're how they're going to tell you all their
workings and exactly what they're thinking is right, and where
the threats are and who they are. Is there enough
detail to go off for you to be confident in
their assessment.
Speaker 6 (06:48):
I think there's enough contextual detail to be to be
confident that, yes, those security risks exist with this type
of report. As you say, there's just they don't give
a lot of detail. There is a fair bit of glossy, large,
large text in this, so they don't really provide enough
(07:10):
evidence to convince me that it's way worse than it
was last year. But then they know things we don't
and it's sort of one little advantage they have. It
wouldn't surprise me if things have got a little bit worse.
The geostrategic situation the Pacific is changing, there's a new
contender on the block has been there for a while.
(07:30):
That's going to affect how the Pacific is. Online extremism,
I can't see that it's ever going to reduce year
on year. It's just going to be so more common
each year, I think. So, I think that's probably there,
and yes, that's something we've been asleep to for a
long time. That is happening here. It's been happening here
on off I think for some time.
Speaker 2 (07:50):
Is that like, do you mean a tax on infrastructure
cyber attacks that kind of thing, or do you mean
physical has been our spies.
Speaker 6 (07:57):
I would say yeah. Look, I would say both. And
the actors that are doing the cybertech can be state
based or they can just be malicious actors, right, So
that's not becoming a less of a risk ever in espionage.
You know, look right back into the Cold War. If
there's a soft option somewhere, there are states condeending for
(08:19):
influence in geostrategic spaces, then yes, there will be a
degree of espionage going on here.
Speaker 2 (08:26):
John, appreciate your time this morning, John Baddisbury, Massive University
Center for Defense and Security Studies. It's sixteen after five
on News talk s'b Ryan says John, different, John, publicizing
these comments only puts ideas into the heads of people
who do want to carry out and don't need much encouragement. Well,
you've got what do you mean to do? Then? The
(08:47):
reason they put these reports out is so that they
appear at least to have some transparency around them, because
we don't really know what they do or how they
do it. So they put out a report that's very
vague but gives you an idea of how scared you
should be of something. I think it's a reasonable thing
to do. Seventeen after five newstalks THEDB Fletchers next on.
Speaker 1 (09:08):
Your radio and online on Iheard Radio Early Edition with
Ryan Bridge and one roof Love where You Live.
Speaker 2 (09:16):
News Talks d been five nineteen on News Talks, SADB
Fletchers have had a pretty crappy year. It's fair to
say four hundred million bucks. The net loss for last
year twice as bad as the previous year six hundred
and forty million dollars and losses over two years. Julian
Lee's is a Building Industry Federation CEO with me this morning, Julian, good.
Speaker 7 (09:35):
Morning, Good morning Ryan.
Speaker 2 (09:37):
Geez, how much longer can you keep that up?
Speaker 7 (09:41):
Oh? Look, it's I think only only fletchures could probably
withstand a loss like that. But it does underscore against
the broader downturn that we're seeing across the whole construction sector,
where these sorts of economic pressures that we're seeing are
really reducing profitability and activity.
Speaker 2 (09:58):
Plus they've got this Sky City lawsuit hanging over them.
There's a whole bunch of other risks that have been
going to be factored in.
Speaker 7 (10:04):
Two Yeah, look absolutely, but you know what, I think
the really interesting thing about this result was that they're
actually their underlying profit went from five hundred and nine
million out of three hundred and eighty four and that
really highlights the fact that they were having squeezed margins
across you know, all of their.
Speaker 6 (10:26):
All of their work.
Speaker 7 (10:27):
And that also again sort of highlights what we're seeing
around sort of delays, the and just just the low
margins that that that the sector is now having to face.
And that's and that's not good.
Speaker 2 (10:41):
And the way that they're talking is like basically they're
in a holding pattern at the moment, they're hunkering down,
you know, environment remains uncertain, focus on cost control, operational discipline,
all that sort of stuff.
Speaker 7 (10:54):
Yeah, which is probably the sensible thing particularly I guess,
you know, they talk to their shareholders. But but you know,
if look at the sector, we've gone from last year
we had ninety nine billion dollars across building in construction.
That's dropped five billion dollars to ninety four billion this year.
So it's come down a lot. We've seen a lot
of job losses. I think it's been reported around twelve thousand.
(11:17):
So they are taking that conservative approach. I guess what
we have to now to look at is what's going
to be the things are going to drive the sort
of recovery you know, are there signs that you know
building and construction is going to come out of this?
Are we at the bottom Bryan?
Speaker 2 (11:33):
We'll see how those OCI cuts announced yesterday and the
track Ford impact that Julian, thank you. That's Julian Lees
who's Building Industry Federation Team executive on Fletcher's result. Time
is twenty one minutes after five Bryant Bridge. So you
know when the government came out and said about the
transaction fees, the card fees when you swipe your payWave, well,
(11:54):
when you do it in Auckland and go park a car,
Auckland Transport charges you fifty cents. A fifty centence transaction
fee applies to whatever it is that you're paying for
your parking. This has always annoyed me because there is
no alternative. You can't pay cash, and you cannot use
an f post card. You have to tap. And if
(12:16):
you can't tap, well presumably you could do it online.
I don't know. But when you if you turn up there,
you can't tap, you can't cash. You've got to, you know,
pay your fifty cents now they've come out and said
we're not changing that. We don't think we have to.
How arrogant. Even Wilson Parking, who's you know, everyone thinks
it's pretty much hitler. Even Wilson Parking is saying that
(12:38):
they're going to revise their fees. Even Wellington City Council,
who everyone thinks is you know, well woeful. Even they're
reviewing their fee and guess what their fee is? Thirty cents?
So why is two things? Why is Auckland's fifty and
Wellington's thirty? And why is Auckland Transport the only only
(13:00):
one not budging the answer? Because there are a bunch
of a holes. Twenty three after five the early.
Speaker 1 (13:08):
Edition full show podcast on iHeartRadio how It by NEWSTALKSB.
Speaker 2 (13:14):
News talksb it is twenty five minutes after five. Nine
to ninety two is the number to text on your
Thursday morning. Remember just a few weeks ago John Key
came out and he said he wanted one hundred basis
point cut from the Reserve Bank. Well, they almost gave
him what he wanted yesterday. It's easy to be an
armchair critic of the boffins. Down at number two. The terrorists.
(13:34):
They should have gone for fifty Club twenty five was
too cautious. But markets listeners much to the guff after
the big announcement as they do the actual announcement. And
if you need proof of that, already, retail banks have
started slashing mortgage rates, both variable and fixed. That's on
top of the cuts that they already made last week.
Pricing in the twenty five Some of the big ones
(13:55):
will in the coming weeks, some say, some economists picking
get down to four and a half on short term fixed.
Look how the currency markets reacted. These guys were surprised.
Coming out with what is essentially a triple shot to
two point five by Christmas is a strong signal to send.
It's easy to get caught up in the hysteria of
(14:17):
calls for double shot all at once, but the bank
can have its cake and eat it to eat it too,
get businesses and households spending without risking inflation which is
touching cloth on three percent. Yes, they do look through
near term inflation, but there's also heat in the provinces.
It's not all about Auckland. And remember the days of
(14:37):
Adrian Or where the Reserve Bank hiked the rate quick
as a sherper up Mount Everest before nose diving it
back down again. You can achieve the same outcome without
risking overcooking things again, repeating the same mistakes. It's only
six or so weeks till the next call. If they
do need more, they can do more. There's no doubt
(14:59):
we've had we've had a quarter two recovery blip, but
we've had promising July manufacturing data. We've got improving services
sector data out last week. All of that stuff is happening.
All of that stuff is good and showing promise. The
message is clear though. We're not walking back to Everest camp.
We are walking back to Everest camp. Rather, we're not running.
(15:21):
We're not in a hurry, we're not sprinting. And given
the over and undercooking that went on under Or, that's
probably the right speed. So I'm with the four in
club twenty five with a caveat for now Brich twenty
seven after five. Now, let's here from Christian Hooksby, who
was at the press conference at the Reserve Bank yesterday.
Speaker 8 (15:43):
I mean, another key message for both households and businesses
is that they can have confidence that inflation is going
to remain low and stable into the future, and they
should base their decisions on being in that environment.
Speaker 2 (15:57):
Yes, So then you go, there's Christian Hawksby he'll be
on with Mike l on this morning twenty eight minutes
after five, and Ryan Napier City Council Hastings and a
couple of others says Blair don't even have the extra
parking transaction fee, not to mention the two dollars an
hour to park. Well, yeah, that'd be a dream, wouldn't it.
I have still have no resolution. By the way, it's
(16:18):
no resolution to my personal parking problems, which I know
are not the most important thing in the world. But
you get stung for it. You get a ticket outside
parking outside your house, even though you've got a permit
that they make you pay for and they know you've
got And then the guys who walk around with the
little machines they come along, and they meant to check
first before they ticket your car. They should check and
(16:39):
say does this person have a permit? And two times
now in the last month they have given me a
ticket even though I have a permit. And what you
then have to do is write in and then you
have to wait for them to reply to your letter
and then you call them. You call Auckland Transport and
they say we no longer have a phone. Number of
(17:00):
months ago, you used to be able to be put
through to the team who does this and complain and
say you know this is obviously unfair or whatever. No,
can't do that anymore. You cannot even speak to them.
You can speak to a call center, but it's not
the right one. They are in different parts of the
building apparently. So there we go. Hey, Zesprey, I know
(17:21):
we like talking about Zesprey. They've come out with the
twenty five to twenty six season look ahead and it's
pretty impressive. I'll get to that once we get back
from News at five point thirty and Where to the
States with Mitch McCann. Used Talk ZB, Views.
Speaker 1 (17:48):
And Views You Trust to start your day. It's early
edition with Ryan Bridge and one roof Love, Where you Live,
Us Talks EDB.
Speaker 9 (18:03):
Not on.
Speaker 2 (18:03):
You're on News Talks V twenty four away from sixth
Great to have your company this morning. We'll get to
our reporters around the country very shortly. Nikola willis on
the OCR before six o'clock. Mitch McCann and the US
on Ukraine. I like this text from you, Luke. We
were just talking about all can transport and when they
you know, when you get a fine that actually you
should never have received, and then you spend half of
(18:24):
your the rest of your life trying to get off it.
Luke suggests, when I go back, when they come back
to me and say, actually, you're right, we shouldn't have
done this to you, then I go back to them
with a bill. And then just for fun, given that
they are adding fifty cents to every transaction when you
use a parking machine, which is way more than Wellington's doing,
(18:47):
and they're not reviewing it even though the government told
them to, Luke suggests I go back and add an
extra say three percent four percent to the bill, just
as a transaction feed. Don't don't be too specific, just
be a little bit spiteful, Luke. I like the way
that you're thinking. This morning twenty three Away from Sex
our reporters Callen Is and Dunedin First Clum, Good morning morning, right,
(19:08):
what's the latest situation at the Milburn prison.
Speaker 10 (19:12):
Correction staff there have been working into the night rind
to try and talk this inmate down from the roof
of the Otago Corrections Facility unit. This is south of
Dunedin at Millburn. The remand prisoner climbed up onto the
roof of about a quarter to one yesterday afternoon. That
prompted Corrections to deploy its specialist working at heights. Team
(19:33):
Fire and Emergency have also been assisting the facility General
Manager's Dave Miller. He says the prisoner has refused to comply,
but there is no threat to the prison's security. He
says staff have worked in extremely cold and difficult conditions
and another update will be provided later this morning. Right,
how's your weather fine? Chance for shower, westerlies and thirteen today.
(19:54):
Cheers Callum clais and christ Church morning.
Speaker 2 (19:55):
Claire, good morning. So you had a chat yesterday the
council about where to put national arabus memorial. Has there
been a decision?
Speaker 11 (20:02):
Yes, there has been a decision and Christchurch City Councilors
have agreed to offer up but two different options for
an arabus memorial here. The first is Craycroft Reserve at Cashmere.
The second is a spot on the bank of.
Speaker 12 (20:14):
The Avon River. Now, this is despite the majority of
the families connected to the Arabis crash, hoping that it
would be in Auckland. The Ministry for Culture and Heritage though,
so they did look at Auckland locations and simply couldn't
find somewhere suitable. Aviation historian Richard war says Christchurch is
ultimately the gateway to Antarctica. He also says it's important
(20:37):
we move quickly here because a lot of the victims'
family members are now getting older, so there's a sense
of pastoral urgency to get this done. Some councilors still
remain concerned about a lack of buy and from families,
so the mayor has invited them down to have a
look for themselves and see what's being offered.
Speaker 2 (20:53):
All right, how's your weather, but cloudy.
Speaker 12 (20:55):
Some isolated showers clearing in the evening.
Speaker 2 (20:58):
Are high of eleven excellent in Wellington. Good morning, Mechs
Good morning like lowerhart Mere, Campbell Berry He's won this
missy legal bait battle.
Speaker 5 (21:06):
Yeah Campbell Barry has been engaged in Yeah, Messi is
the right word. A property dispute that's involved his estranged
mother in law, who had more recently even started supporting
Barry's political rivals, which I assume really been driving a
wedge in family dinners. This is about a Wainoya Matter
property that they bought in twenty nineteen. The Barries, along
(21:29):
with his wife's parents. The four intended to all live
together on the property, share costs, etc. But when the
parents themselves separated, the mother apparently stopped paying costs, refused
to be bought out. Q grievances, allegations, court filings, different
amounts in terms of cash deposits, who's entitled to exactly what? Should?
(21:50):
Even started supporting it and linking herself with a political
rival of Campbell Barry, a former counselor who had also
taken him to court. Comments on Facebook messages YadA, YadA, YadA.
A judge has now determined she's out in terms of
the property and some quite critical comments about her as well.
Speaker 2 (22:07):
The mother.
Speaker 5 (22:08):
Barry, of course himself on his way out as mayor
this year, we understand, hoping to possibly get a cushy
job at the new regional water entity.
Speaker 2 (22:16):
A I was gonna ask what was his next move is?
They're going to look at at Parliament. I see right.
How's your weather?
Speaker 7 (22:25):
Yes?
Speaker 5 (22:25):
Perhaps a bit too early for central government. Early showers
more strong SOUTHERLY'ST ten the high Central.
Speaker 2 (22:30):
Taks, Thanks Neva's and Auckland. Heyneva, good morning. Busy few
months ahead at the Auckland International Convention Center.
Speaker 13 (22:37):
Yes, that convention center. I can tell you that it's
going to hold its first event later this year. So
Skycidy is expected to take the keys in October, and
this will allow them to start putting in the furniture
testing systems and they're even going to do practice catering runs.
Future boss Andrew Reading says that there's lots of other
(22:57):
stuff happening until then. He saying that the construction works
there effectively complete. They've got acceptance testing, compliance processes well underway.
And also two all eyes will be on this because
sky City is going to release it's any results. That's
happening about eight thirty this morning.
Speaker 2 (23:13):
There's a lot of hubbub around that one. Well, hubbabe.
How's the weather today, fine morning, frost.
Speaker 13 (23:20):
Bit cool fourteen is the high urinal. Yes, the old
Southeries are whipping in.
Speaker 2 (23:24):
They are, and there's no clod cover, so we're a
bit freezy, bit nippy. Thanks Neiva. Nineteen minutes away from
six News Talks, there'd be Mitch McCann next out of
the US and Nikola willis live before six on the
OCR News Talks there be. It is sixteen minutes away
from six, Ryan, This is from Jake. Why don't they
just simply leave that prisoner on the roof. You'll soon
get hungry, he'll get bored, he'll get tired, and if
(23:46):
this was in South America, of course they'd start shooting
around him until he got off the roof. Well, we're
not quite there, but I agree with you. Why we're
sending a high team, the high assistance team who deal
with people on roofs at prisons. Why bother doing that?
Just leave him up there until he gets hungry or
it rains. Six thing away from.
Speaker 1 (24:06):
Six International correspondence with Ends and Eye Insurance, Peace of
Mind for New Zealand business.
Speaker 2 (24:12):
Pentagon is going to discuss the security guarantee for Ukraine.
Mitch McCann is stateside for US. Mitch, what are they
talking about?
Speaker 9 (24:19):
Yeah, good morning, Ryan. Well, look, officials in Washington are
pretty positive. I think we can say after the meeting
between Zelensky, European leaders and Donald Trump earlier this week.
But that's right. Military chiefs from NATO's thirty two member
countries are going to meet virtually with US officials at
the Pentagon today to discuss security guarantees for Ukraine. What
can this actually look like, because according to the Trump administration,
(24:43):
Russia is open to security guarantees for Ukraine, but there
are still plenty of questions on how that would actually work.
Donald Trump said the US won't be putting troops on
the ground. There are reports the UK doesn't want troops
on the front line, So what does that mean for
security guarantees. The other thing like keeping a close eye
on after those talks in Monday is a meeting between
(25:04):
Voladimir Lensky and Vladimir Putin. Now, this is what Donald
Trump wants, this is what Zelenski wants, but it's something
that really isn't exciting the Russians at the moment, it says, Well,
it's been reported one of the deputy representatives to the
UN told the BBC today that there's no reason for
a meeting just for the sake of having a meeting.
(25:25):
So we'll see if one actually happens in the coming weeks.
Speaker 2 (25:28):
All right, Mitch, thanks for that. Mitch McCann stateside for
US this morning, just gone fourteen minutes away from six
Bryan Bridge. So the OCI was cut twenty five, not
fifty points to three percent yesterday. A split decision means
two of the committee members wanted to go bigger and
go harder at four in club twenty five. And this
is the big news yesterday. Really they've signaled down to
(25:48):
two and a half percent potentially by Christmas. We also
found out inflation expected to get three percent for the
September quarter. Nikola Willis, as the Finance Minister, joins me
this morning, Good.
Speaker 6 (25:57):
Morning, good morning man.
Speaker 2 (26:00):
So they didn't cut both fifty a third of them
think we needed to.
Speaker 7 (26:05):
Do.
Speaker 2 (26:05):
You are they doing the heavy lifting that you have
said that they need to do.
Speaker 14 (26:11):
It's really important that monetary policy can stimulate the economy
and that's what the Reserve Bank made a very clear
decision to do tomorrow or ensure that interest rates can
fall further so that people are paying less for their debts,
so there's more money in people's pockets, so they can
be more money circulating in the economy, generating activity, jobs, growth,
(26:35):
all of the things we want to see.
Speaker 2 (26:37):
We have businesses going to the wall, we have people
cutting back on groceries because they're so expensive. We know
that we've had a faulded recovery in quarter two. Does
this strengthen an argument for you to get involved and
do a bit of stimulus.
Speaker 14 (26:52):
Well, we're veryware of all of those pressures which were
exacerbated in the second three months of this year following
the Trump tariffs. What the Reserve Bank, if you're clear
about in their full statement which they released yesterday, is
that the government, by controlling its own spending, is in
pressure off inflation, allowing the Reserve Bank to deliver these
(27:13):
interrast rate reductions. It's my view that in the absence
of control government spending, it would be very difficult for
the Reserve Bank to keep reducing interesst rates and that
would be a real constraint on some sectors that I
think we all are concerned about. You know, construction. Construction
projects get over the line where interrast rates are low
enough that people are prepared to take on the debt
(27:34):
to finance those projects. So totally to the future, this
is going to be now demand to the economy.
Speaker 2 (27:41):
You need demand. You need people who are actually out
there going wanting to buy things, wanting to buy property,
we just talked about fletchers on the show. I mean,
so there's not just for the absence of doubt, you're
ruling out any mid year mini sprinkle stimulus, even reprioritize
money doesn't have to be new money.
Speaker 14 (27:57):
Oh, I'm absolutely not ruling that out. Will continue to
be taking additional actions to stimulate activity in the economy.
What I'm saying is that this is not a time
that we will be continuing to drive up additional debt. Well,
you've seen us continue to make announcements and deliver policy
change more than that, and that will continue. That will continue, right,
(28:20):
You will continue to see from the government actions which
we believe will stimulate activity, will give people confidence to invest,
will give people to take on your soon listen, will
continue to see that.
Speaker 2 (28:34):
Okay, why are you rewarding tantrums?
Speaker 14 (28:40):
Whose tantrument are rewarded? That's not been my parenting approach.
Speaker 2 (28:43):
Well, that's I wouldn't have thought it was so the teachers.
We had Judith Collins come out and say the teachers
are throwing are wobbly throwing a tantrum? Yesterday Brian Roach
says we're now reviewing our offer.
Speaker 14 (28:58):
Oh look, We've always said in order to get a
deal over the line with the teachers, which I think
everyone wants, they need to be at the bargaining table. Now,
what happens at the bargaining table is you negotiate in
good faith to get an outcome that can work for everyone.
How disappointment the tent from which Judith Collins rightly referred
to was the PPTA walking away from negotiations after only
(29:20):
six days at the negotiating table.
Speaker 2 (29:21):
And look what against a very good go Look what
it gives them a reviewed offer?
Speaker 14 (29:26):
Well, we have always been in a position that we
want to negotiate. Now, if the PPTA want to play
games and are more focused on their social media campaign
than actually representing their workers sitting at the table to
get a deal, that's on them, that's not on us.
Speaker 2 (29:40):
Where does the money come from the extra money? Because
I think one point seven billion is what they were asking.
Where do you have to borrow for that? Is that
existing baselines? Is it reprioritize this reviewed offer? Where does
that money come from? The extra money?
Speaker 14 (29:53):
Well, Ryan, I think you're making an assumption about what
the components of the reviewed offer are and I wouldn't
do that. But course, like every government before us, we
have set an envelope for this negotiation that some is confidential,
and we will be working within that envelope because, of course,
I think people understand there are trade offs here. In
this year's budget, we delivered a record package of learning
(30:17):
support for children with additional needs that will support additional
teacher aids, supports and classrooms.
Speaker 9 (30:22):
Well.
Speaker 14 (30:23):
As we actually blow the negotiating budget on the teachers,
those things are going to be much much harder to
fund now and into the future. So this is all
about getting a deal that delivers for students, delivers for families,
and yes, delivers for teachers who we value very much.
Speaker 2 (30:37):
As people are listening to this this morning, they're hopefully
putting butter on their hosts. Many won't be. You have
congratulated night and day for selling butter at six dollars fifty.
That's apparently they're losing three bucks on every block. You've said,
food stuffs and will worse have the same option, you'd
encourage them to lower prices. I had food Stuffs on
my Herald Now show on Monday. They said they are
(30:58):
making a loss on the home brand butters that they
sell for eight dollars twenty nine. Did you realize that.
Speaker 14 (31:05):
I listened to your show, Ryan, and this is the
kind of commercial behavior that you want to see. I
think all of us want to see retailers competing hard
against each outboy, which sometimes involve for having one product
or a whole range of products where they're selling below
costs because they know that they will recruit some profits
in other areas and other products that they are selling.
(31:26):
And my point's always been the more competitive the market is,
the more you've got night and days and other entities
snapping at the heels of the big guys, more likely
you are to get those sorts of offers. All I
want is the best deal for Kiwi shoppers, and I
continue to believe more competition will support that.
Speaker 2 (31:42):
All right, Nichola Willis appreciate your time this morning, the
Finance Minister. It is eight minutes away from six News
Talks EDB.
Speaker 1 (31:49):
The news you need this morning and the in depth
analysis early edition with Ryan Bridge and One Route Love
Where you Live News Talks EDB.
Speaker 2 (31:58):
It is a six six on News Talk said B
and Auckland Transport. If you haven't caught up with the
story Auckland Transport isn't budgeting on their fifty cent parking
meter transaction fee. They say it's not a surcharge, even
though the governments saying they shouldn't be doing things like this.
Augen Transports saying, I don't care whatever do you park
Mike in the city and pay this fifty cent fee?
Because no, I don't go.
Speaker 15 (32:18):
I only go into the city once every three weeks
for my haircut and so they do a lovely job.
Speaker 2 (32:24):
They do a very good job, don't they, And so
I haven't got much to work with them. That's the
that's the.
Speaker 15 (32:30):
Only time I go into the city. So I've got
no idea. I just tap and go.
Speaker 2 (32:34):
Yeah, because you can't. You can only tap and go.
This is what annoys me. You cannot use cash and
you cannot use an f post card, so you've got
no choice. You have to pay the fifty cents. Even
in Wellington it's thirty cents, is it?
Speaker 15 (32:47):
Governdal sit on. I mean, you can't ban something and
then somebody else goes well, we're not adhering to that.
It's not how the rules work.
Speaker 2 (32:53):
Surely not they need to sit But the arrogance of it,
though from mors.
Speaker 15 (32:56):
I mean Auckland. See, of all the things of Auckland,
transport don't started a good place anyway, reputationally speaking. So
so then anyway, we've got one of the people from
that particular organization on today.
Speaker 2 (33:07):
Just very quickly.
Speaker 15 (33:07):
You're wrong by the one, the twenty five points. So
I'm watching Hawksby yesterday. You can't believe a word Hawksby says,
because on one hand, he goes, you can be reassured
that inflation's under control. Can I well, last time you
told me you weren't needing any more cuts because there
was growth and there were shoots. Oh what, Sorry, I
forgot to look at Q two which went backwards. We
didn't see that coming.
Speaker 2 (33:26):
Yeah, but you can't see what hasn't happened.
Speaker 15 (33:29):
Yes, that's the whole purpose of the Reserve Bank. That's
what they're supposed to do. They're supposed to go we
see this unfolding. Hence here is our commentary for today.
Speaker 2 (33:38):
Tell me a reserve bank that saw Trump going as
ballistic as he did on the narration.
Speaker 15 (33:42):
That's an excuse because yes, there'll be uncertainty in that
period of time because people go, oh my god, what's
he doing? But he's blaming everything on that, which isn't true.
Speaker 2 (33:51):
But remember on Hard and So we dropped, the markets
dropped almost twenty percent. I mean, the world was freaking out.
They would they did, look at the sentiment surveys. After that,
you can get a job.
Speaker 15 (34:04):
On the Monetary Policy Committee.
Speaker 2 (34:06):
That's what I mean. Perhaps that's what I'm angling for.
Speaker 15 (34:09):
He's put his you notice he's put his CV in
for the so anyway, he's with us after seven thirty.
Speaker 2 (34:14):
Brilliant. All right, we'll look forward to that. Mike Costing
is with the next here on News Talk Set B.
See you tomorrow, Look the Past, be the pastors Waivers.
Speaker 1 (34:27):
For more from earlier edition with Ryan Bridge, listen live
to News Talk Set B from five am weekdays, or
follow the podcast on iHeartRadio
The issues, the interviews and the insight. Ryan Bridge on
earlier show with One Room Love Where You Live News Talk,
sa'd be good morning.
Speaker 2 (00:11):
It has just gone six minutes after five. Great to
have your company this morning. Nikola Willis on the ocr
will Be with Mitch mccannon the US. Putin wants a
say on Trump's security guarantee over Ukraine, basically dragging the
whole thing out even further. A terrible year for Fletcher's
and the sis reckons. There's a realistic chance some extremist
nut job will attack on key we soil with either
(00:32):
a knife or a gun. So that's sorry, knife for
a car, So that's fun. We'll look at that at
five point thirteen this morning. Six after the agenda Thursday,
the twenty first of August, Putin's back to drawing out
the war. He says the Kremlin should have a say
in any security guarantee that Trump's talking to the Ukrainians about. Meanwhile,
(00:53):
NATO generals are meeting virtually today UK's military chief. He's
off to Washington to talk post conflict security guarantee.
Speaker 3 (01:01):
Sol Trump has said, well to get about proofs on
the ground. That's not going to happen. The US is
not going to commit troops to Ukraine, but it might
provide some air support.
Speaker 2 (01:11):
What does that mean?
Speaker 1 (01:12):
That's why Vice.
Speaker 3 (01:14):
Admals Tony Radigan Admiral Robert has gone to Washington to
try and establish is this going to be wholesales support?
What are going to be the rules of engagement? Is
it going to be logistics? Is it intelligence? Is it surveillance?
Speaker 2 (01:28):
Now, remember yesterday I told you that Hamas had agreed
to a ceasefire, sixty days ceasefire, and that the Israelis
were going to get back to us in a couple
of days. Well, the Israelis are calling up sixty thousand
reservists for a ground offensive to occupy all of Gaza City.
Hundreds of thousands of Palestinians in Gaza expected to be
ordered to evacuate to southern shelters.
Speaker 4 (01:47):
As we've been hearing the Palestinians in Gaza City, you
are very aware that already in recent days things have intensified,
particularly on the outskirts of Gaza City, with demolitions taking place,
their more strikes, more artillery fire, and that is driving
people away from certain neighborhoods.
Speaker 2 (02:06):
And from ban to fan. The White House is now
on TikTok. Here's a slippet of the first video, which
has already cocked up a million views.
Speaker 5 (02:15):
Every day.
Speaker 1 (02:17):
I wake up determined to deliver a better life for
the people all across this nation.
Speaker 2 (02:25):
I am your voice. Okay, thanks for that.
Speaker 1 (02:34):
Eight after five the First Word on the News of
the Day Early edition with Ryan Bridge and one Roote
Love Where you Live News Talks.
Speaker 2 (02:44):
So we had the strike yesterday and we had the
government saying it's just a tantrum. The teachers are throwing
a tantrum, tantrum, they're using the students as ransom. And
then yesterday the Public Services Commissioner, Sir Brian Roach came
out and said, actually, we're going to review our offer. Now,
we're revising our offer to the teachers. Our initial offer,
he says, clearly hasn't hit the mark and we are
(03:06):
doing work on a revised offer. If it was a
tantrum like the government MPs said it was, the ministers
said it was, why would you reward bad behavior? What
kid throws a tantrum and then you give them a lollipop? No,
it doesn't happen, does it. So that's weird. Do you
think maybe the ministers went a little too far with
(03:27):
their er rehtoric At some point you're gonna gett around
the table. This report from the SAS, which we'll look
at just before five point thirty this morning, it's a
New Zealand's threat basically the threat level that we face
from global terrorism, from espionas whole bunch of stuff. It's
yet you think your Aussie gunman in christ Church, think
your neo Nazi types thinks Yajihardi extremists. They've come out
(03:49):
and said things that sound scary but all a bit vague.
I guess that's the essays for you. I'll just read
some of for you. This is the report that was
released ten minutes ago. A violent extremist attack is assessed
as being a realistic possibility in New Zealand. What does
that mean? Well, explains the likelihood there are violent extremists
(04:11):
in New Zealand right now with the credible intent and
the capability to undertake an attack or an ideologically motivated violence.
This has been the assessment, by the way, just before
you totally freak out, since twenty twenty two. But something's
changed and we can all see it. The global violent
extremist environment has changed and we are part of that
(04:33):
because the Internet. The most likely attacked scenario they reckon
in New Zealand is someone who acts alone, who has
radicalized online, who's prepared for violence without anyone else knowing,
and they'll carry out their attack. They reckon using basic weapons,
either a knife or a vehicle, or some combination of both.
(04:54):
We'll look at that at five twenty this morning. It
is eleven after Get ahead of.
Speaker 1 (04:59):
The headline on early edition with Ryan Bridge and one
roof Love where you Live.
Speaker 6 (05:05):
News Talks at Me.
Speaker 2 (05:07):
So the government made a change just gone thirteen minutes
after five made a change and now it stile making
a change about the interchange fees that you pay when
you go and swipe your card, especially if it's a payWave,
there's an extra fee added. And most businesses have gone
all right, well, we're going to review this. Most councils
are going to go over except Auckland Transport. I'll get
to that a little later in the show, Bryan Bridge.
(05:30):
A violent extremist attack in New Zealand is a realistic possibility.
This is according to the sas the latest security report says,
we're up against the most challenging national security environment in
recent times. Foreign espionage is happening here, likely happening here
without us even knowing, targeting sensitive information and critical infrastructure.
John Battersby is a Massi University Center of Center for
(05:53):
Defense and Security Studies with me this morning, John, Good morning, Good.
Speaker 6 (05:56):
Morning to you.
Speaker 2 (05:58):
Do you find this alarming?
Speaker 6 (06:01):
I don't know they find it alarming. I think I've
often been critical of New Zealand has been a bit
complacent about security issues and that we really do need
to face up to the fact that the world is
changing and that there are new things happening out there
and they're not always good. So we do need to
be a lot more aware of the types of security
risks that exist.
Speaker 1 (06:21):
Now.
Speaker 6 (06:22):
Whether I would say that for alarming, I'm not too sure.
I think a number of the thinking all of these
things are listed in the threat assessment have been sitting
sitting with us for quite some.
Speaker 2 (06:33):
Time now, and there's no I mean, it's the sis.
So they're how they're going to tell you all their
workings and exactly what they're thinking is right, and where
the threats are and who they are. Is there enough
detail to go off for you to be confident in
their assessment.
Speaker 6 (06:48):
I think there's enough contextual detail to be to be
confident that, yes, those security risks exist with this type
of report. As you say, there's just they don't give
a lot of detail. There is a fair bit of glossy, large,
large text in this, so they don't really provide enough
(07:10):
evidence to convince me that it's way worse than it
was last year. But then they know things we don't
and it's sort of one little advantage they have. It
wouldn't surprise me if things have got a little bit worse.
The geostrategic situation the Pacific is changing, there's a new
contender on the block has been there for a while.
(07:30):
That's going to affect how the Pacific is. Online extremism,
I can't see that it's ever going to reduce year
on year. It's just going to be so more common
each year, I think. So, I think that's probably there,
and yes, that's something we've been asleep to for a
long time. That is happening here. It's been happening here
on off I think for some time.
Speaker 2 (07:50):
Is that like, do you mean a tax on infrastructure
cyber attacks that kind of thing, or do you mean
physical has been our spies.
Speaker 6 (07:57):
I would say yeah. Look, I would say both. And
the actors that are doing the cybertech can be state
based or they can just be malicious actors, right, So
that's not becoming a less of a risk ever in espionage.
You know, look right back into the Cold War. If
there's a soft option somewhere, there are states condeending for
(08:19):
influence in geostrategic spaces, then yes, there will be a
degree of espionage going on here.
Speaker 2 (08:26):
John, appreciate your time this morning, John Baddisbury, Massive University
Center for Defense and Security Studies. It's sixteen after five
on News talk s'b Ryan says John, different, John, publicizing
these comments only puts ideas into the heads of people
who do want to carry out and don't need much encouragement. Well,
you've got what do you mean to do? Then? The
(08:47):
reason they put these reports out is so that they
appear at least to have some transparency around them, because
we don't really know what they do or how they
do it. So they put out a report that's very
vague but gives you an idea of how scared you
should be of something. I think it's a reasonable thing
to do. Seventeen after five newstalks THEDB Fletchers next on.
Speaker 1 (09:08):
Your radio and online on Iheard Radio Early Edition with
Ryan Bridge and one roof Love where You Live.
Speaker 2 (09:16):
News Talks d been five nineteen on News Talks, SADB
Fletchers have had a pretty crappy year. It's fair to
say four hundred million bucks. The net loss for last
year twice as bad as the previous year six hundred
and forty million dollars and losses over two years. Julian
Lee's is a Building Industry Federation CEO with me this morning, Julian, good.
Speaker 7 (09:35):
Morning, Good morning Ryan.
Speaker 2 (09:37):
Geez, how much longer can you keep that up?
Speaker 7 (09:41):
Oh? Look, it's I think only only fletchures could probably
withstand a loss like that. But it does underscore against
the broader downturn that we're seeing across the whole construction sector,
where these sorts of economic pressures that we're seeing are
really reducing profitability and activity.
Speaker 2 (09:58):
Plus they've got this Sky City lawsuit hanging over them.
There's a whole bunch of other risks that have been
going to be factored in.
Speaker 7 (10:04):
Two Yeah, look absolutely, but you know what, I think
the really interesting thing about this result was that they're
actually their underlying profit went from five hundred and nine
million out of three hundred and eighty four and that
really highlights the fact that they were having squeezed margins
across you know, all of their.
Speaker 6 (10:26):
All of their work.
Speaker 7 (10:27):
And that also again sort of highlights what we're seeing
around sort of delays, the and just just the low
margins that that that the sector is now having to face.
And that's and that's not good.
Speaker 2 (10:41):
And the way that they're talking is like basically they're
in a holding pattern at the moment, they're hunkering down,
you know, environment remains uncertain, focus on cost control, operational discipline,
all that sort of stuff.
Speaker 7 (10:54):
Yeah, which is probably the sensible thing particularly I guess,
you know, they talk to their shareholders. But but you know,
if look at the sector, we've gone from last year
we had ninety nine billion dollars across building in construction.
That's dropped five billion dollars to ninety four billion this year.
So it's come down a lot. We've seen a lot
of job losses. I think it's been reported around twelve thousand.
(11:17):
So they are taking that conservative approach. I guess what
we have to now to look at is what's going
to be the things are going to drive the sort
of recovery you know, are there signs that you know
building and construction is going to come out of this?
Are we at the bottom Bryan?
Speaker 2 (11:33):
We'll see how those OCI cuts announced yesterday and the
track Ford impact that Julian, thank you. That's Julian Lees
who's Building Industry Federation Team executive on Fletcher's result. Time
is twenty one minutes after five Bryant Bridge. So you
know when the government came out and said about the
transaction fees, the card fees when you swipe your payWave, well,
(11:54):
when you do it in Auckland and go park a car,
Auckland Transport charges you fifty cents. A fifty centence transaction
fee applies to whatever it is that you're paying for
your parking. This has always annoyed me because there is
no alternative. You can't pay cash, and you cannot use
an f post card. You have to tap. And if
(12:16):
you can't tap, well presumably you could do it online.
I don't know. But when you if you turn up there,
you can't tap, you can't cash. You've got to, you know,
pay your fifty cents now they've come out and said
we're not changing that. We don't think we have to.
How arrogant. Even Wilson Parking, who's you know, everyone thinks
it's pretty much hitler. Even Wilson Parking is saying that
(12:38):
they're going to revise their fees. Even Wellington City Council,
who everyone thinks is you know, well woeful. Even they're
reviewing their fee and guess what their fee is? Thirty cents?
So why is two things? Why is Auckland's fifty and
Wellington's thirty? And why is Auckland Transport the only only
(13:00):
one not budging the answer? Because there are a bunch
of a holes. Twenty three after five the early.
Speaker 1 (13:08):
Edition full show podcast on iHeartRadio how It by NEWSTALKSB.
Speaker 2 (13:14):
News talksb it is twenty five minutes after five. Nine
to ninety two is the number to text on your
Thursday morning. Remember just a few weeks ago John Key
came out and he said he wanted one hundred basis
point cut from the Reserve Bank. Well, they almost gave
him what he wanted yesterday. It's easy to be an
armchair critic of the boffins. Down at number two. The terrorists.
(13:34):
They should have gone for fifty Club twenty five was
too cautious. But markets listeners much to the guff after
the big announcement as they do the actual announcement. And
if you need proof of that, already, retail banks have
started slashing mortgage rates, both variable and fixed. That's on
top of the cuts that they already made last week.
Pricing in the twenty five Some of the big ones
(13:55):
will in the coming weeks, some say, some economists picking
get down to four and a half on short term fixed.
Look how the currency markets reacted. These guys were surprised.
Coming out with what is essentially a triple shot to
two point five by Christmas is a strong signal to send.
It's easy to get caught up in the hysteria of
(14:17):
calls for double shot all at once, but the bank
can have its cake and eat it to eat it too,
get businesses and households spending without risking inflation which is
touching cloth on three percent. Yes, they do look through
near term inflation, but there's also heat in the provinces.
It's not all about Auckland. And remember the days of
(14:37):
Adrian Or where the Reserve Bank hiked the rate quick
as a sherper up Mount Everest before nose diving it
back down again. You can achieve the same outcome without
risking overcooking things again, repeating the same mistakes. It's only
six or so weeks till the next call. If they
do need more, they can do more. There's no doubt
(14:59):
we've had we've had a quarter two recovery blip, but
we've had promising July manufacturing data. We've got improving services
sector data out last week. All of that stuff is happening.
All of that stuff is good and showing promise. The
message is clear though. We're not walking back to Everest camp.
We are walking back to Everest camp. Rather, we're not running.
(15:21):
We're not in a hurry, we're not sprinting. And given
the over and undercooking that went on under Or, that's
probably the right speed. So I'm with the four in
club twenty five with a caveat for now Brich twenty
seven after five. Now, let's here from Christian Hooksby, who
was at the press conference at the Reserve Bank yesterday.
Speaker 8 (15:43):
I mean, another key message for both households and businesses
is that they can have confidence that inflation is going
to remain low and stable into the future, and they
should base their decisions on being in that environment.
Speaker 2 (15:57):
Yes, So then you go, there's Christian Hawksby he'll be
on with Mike l on this morning twenty eight minutes
after five, and Ryan Napier City Council Hastings and a
couple of others says Blair don't even have the extra
parking transaction fee, not to mention the two dollars an
hour to park. Well, yeah, that'd be a dream, wouldn't it.
I have still have no resolution. By the way, it's
(16:18):
no resolution to my personal parking problems, which I know
are not the most important thing in the world. But
you get stung for it. You get a ticket outside
parking outside your house, even though you've got a permit
that they make you pay for and they know you've
got And then the guys who walk around with the
little machines they come along, and they meant to check
first before they ticket your car. They should check and
(16:39):
say does this person have a permit? And two times
now in the last month they have given me a
ticket even though I have a permit. And what you
then have to do is write in and then you
have to wait for them to reply to your letter
and then you call them. You call Auckland Transport and
they say we no longer have a phone. Number of
(17:00):
months ago, you used to be able to be put
through to the team who does this and complain and
say you know this is obviously unfair or whatever. No,
can't do that anymore. You cannot even speak to them.
You can speak to a call center, but it's not
the right one. They are in different parts of the
building apparently. So there we go. Hey, Zesprey, I know
(17:21):
we like talking about Zesprey. They've come out with the
twenty five to twenty six season look ahead and it's
pretty impressive. I'll get to that once we get back
from News at five point thirty and Where to the
States with Mitch McCann. Used Talk ZB, Views.
Speaker 1 (17:48):
And Views You Trust to start your day. It's early
edition with Ryan Bridge and one roof Love, Where you Live,
Us Talks EDB.
Speaker 9 (18:03):
Not on.
Speaker 2 (18:03):
You're on News Talks V twenty four away from sixth
Great to have your company this morning. We'll get to
our reporters around the country very shortly. Nikola willis on
the OCR before six o'clock. Mitch McCann and the US
on Ukraine. I like this text from you, Luke. We
were just talking about all can transport and when they
you know, when you get a fine that actually you
should never have received, and then you spend half of
(18:24):
your the rest of your life trying to get off it.
Luke suggests, when I go back, when they come back
to me and say, actually, you're right, we shouldn't have
done this to you, then I go back to them
with a bill. And then just for fun, given that
they are adding fifty cents to every transaction when you
use a parking machine, which is way more than Wellington's doing,
(18:47):
and they're not reviewing it even though the government told
them to, Luke suggests I go back and add an
extra say three percent four percent to the bill, just
as a transaction feed. Don't don't be too specific, just
be a little bit spiteful, Luke. I like the way
that you're thinking. This morning twenty three Away from Sex
our reporters Callen Is and Dunedin First Clum, Good morning morning, right,
(19:08):
what's the latest situation at the Milburn prison.
Speaker 10 (19:12):
Correction staff there have been working into the night rind
to try and talk this inmate down from the roof
of the Otago Corrections Facility unit. This is south of
Dunedin at Millburn. The remand prisoner climbed up onto the
roof of about a quarter to one yesterday afternoon. That
prompted Corrections to deploy its specialist working at heights. Team
(19:33):
Fire and Emergency have also been assisting the facility General
Manager's Dave Miller. He says the prisoner has refused to comply,
but there is no threat to the prison's security. He
says staff have worked in extremely cold and difficult conditions
and another update will be provided later this morning. Right,
how's your weather fine? Chance for shower, westerlies and thirteen today.
(19:54):
Cheers Callum clais and christ Church morning.
Speaker 2 (19:55):
Claire, good morning. So you had a chat yesterday the
council about where to put national arabus memorial. Has there
been a decision?
Speaker 11 (20:02):
Yes, there has been a decision and Christchurch City Councilors
have agreed to offer up but two different options for
an arabus memorial here. The first is Craycroft Reserve at Cashmere.
The second is a spot on the bank of.
Speaker 12 (20:14):
The Avon River. Now, this is despite the majority of
the families connected to the Arabis crash, hoping that it
would be in Auckland. The Ministry for Culture and Heritage though,
so they did look at Auckland locations and simply couldn't
find somewhere suitable. Aviation historian Richard war says Christchurch is
ultimately the gateway to Antarctica. He also says it's important
(20:37):
we move quickly here because a lot of the victims'
family members are now getting older, so there's a sense
of pastoral urgency to get this done. Some councilors still
remain concerned about a lack of buy and from families,
so the mayor has invited them down to have a
look for themselves and see what's being offered.
Speaker 2 (20:53):
All right, how's your weather, but cloudy.
Speaker 12 (20:55):
Some isolated showers clearing in the evening.
Speaker 2 (20:58):
Are high of eleven excellent in Wellington. Good morning, Mechs
Good morning like lowerhart Mere, Campbell Berry He's won this
missy legal bait battle.
Speaker 5 (21:06):
Yeah Campbell Barry has been engaged in Yeah, Messi is
the right word. A property dispute that's involved his estranged
mother in law, who had more recently even started supporting
Barry's political rivals, which I assume really been driving a
wedge in family dinners. This is about a Wainoya Matter
property that they bought in twenty nineteen. The Barries, along
(21:29):
with his wife's parents. The four intended to all live
together on the property, share costs, etc. But when the
parents themselves separated, the mother apparently stopped paying costs, refused
to be bought out. Q grievances, allegations, court filings, different
amounts in terms of cash deposits, who's entitled to exactly what? Should?
(21:50):
Even started supporting it and linking herself with a political
rival of Campbell Barry, a former counselor who had also
taken him to court. Comments on Facebook messages YadA, YadA, YadA.
A judge has now determined she's out in terms of
the property and some quite critical comments about her as well.
Speaker 2 (22:07):
The mother.
Speaker 5 (22:08):
Barry, of course himself on his way out as mayor
this year, we understand, hoping to possibly get a cushy
job at the new regional water entity.
Speaker 2 (22:16):
A I was gonna ask what was his next move is?
They're going to look at at Parliament. I see right.
How's your weather?
Speaker 7 (22:25):
Yes?
Speaker 5 (22:25):
Perhaps a bit too early for central government. Early showers
more strong SOUTHERLY'ST ten the high Central.
Speaker 2 (22:30):
Taks, Thanks Neva's and Auckland. Heyneva, good morning. Busy few
months ahead at the Auckland International Convention Center.
Speaker 13 (22:37):
Yes, that convention center. I can tell you that it's
going to hold its first event later this year. So
Skycidy is expected to take the keys in October, and
this will allow them to start putting in the furniture
testing systems and they're even going to do practice catering runs.
Future boss Andrew Reading says that there's lots of other
(22:57):
stuff happening until then. He saying that the construction works
there effectively complete. They've got acceptance testing, compliance processes well underway.
And also two all eyes will be on this because
sky City is going to release it's any results. That's
happening about eight thirty this morning.
Speaker 2 (23:13):
There's a lot of hubbub around that one. Well, hubbabe.
How's the weather today, fine morning, frost.
Speaker 13 (23:20):
Bit cool fourteen is the high urinal. Yes, the old
Southeries are whipping in.
Speaker 2 (23:24):
They are, and there's no clod cover, so we're a
bit freezy, bit nippy. Thanks Neiva. Nineteen minutes away from
six News Talks, there'd be Mitch McCann next out of
the US and Nikola willis live before six on the
OCR News Talks there be. It is sixteen minutes away
from six, Ryan, This is from Jake. Why don't they
just simply leave that prisoner on the roof. You'll soon
get hungry, he'll get bored, he'll get tired, and if
(23:46):
this was in South America, of course they'd start shooting
around him until he got off the roof. Well, we're
not quite there, but I agree with you. Why we're
sending a high team, the high assistance team who deal
with people on roofs at prisons. Why bother doing that?
Just leave him up there until he gets hungry or
it rains. Six thing away from.
Speaker 1 (24:06):
Six International correspondence with Ends and Eye Insurance, Peace of
Mind for New Zealand business.
Speaker 2 (24:12):
Pentagon is going to discuss the security guarantee for Ukraine.
Mitch McCann is stateside for US. Mitch, what are they
talking about?
Speaker 9 (24:19):
Yeah, good morning, Ryan. Well, look, officials in Washington are
pretty positive. I think we can say after the meeting
between Zelensky, European leaders and Donald Trump earlier this week.
But that's right. Military chiefs from NATO's thirty two member
countries are going to meet virtually with US officials at
the Pentagon today to discuss security guarantees for Ukraine. What
can this actually look like, because according to the Trump administration,
(24:43):
Russia is open to security guarantees for Ukraine, but there
are still plenty of questions on how that would actually work.
Donald Trump said the US won't be putting troops on
the ground. There are reports the UK doesn't want troops
on the front line, So what does that mean for
security guarantees. The other thing like keeping a close eye
on after those talks in Monday is a meeting between
(25:04):
Voladimir Lensky and Vladimir Putin. Now, this is what Donald
Trump wants, this is what Zelenski wants, but it's something
that really isn't exciting the Russians at the moment, it says, Well,
it's been reported one of the deputy representatives to the
UN told the BBC today that there's no reason for
a meeting just for the sake of having a meeting.
(25:25):
So we'll see if one actually happens in the coming weeks.
Speaker 2 (25:28):
All right, Mitch, thanks for that. Mitch McCann stateside for
US this morning, just gone fourteen minutes away from six
Bryan Bridge. So the OCI was cut twenty five, not
fifty points to three percent yesterday. A split decision means
two of the committee members wanted to go bigger and
go harder at four in club twenty five. And this
is the big news yesterday. Really they've signaled down to
(25:48):
two and a half percent potentially by Christmas. We also
found out inflation expected to get three percent for the
September quarter. Nikola Willis, as the Finance Minister, joins me
this morning, Good.
Speaker 6 (25:57):
Morning, good morning man.
Speaker 2 (26:00):
So they didn't cut both fifty a third of them
think we needed to.
Speaker 7 (26:05):
Do.
Speaker 2 (26:05):
You are they doing the heavy lifting that you have
said that they need to do.
Speaker 14 (26:11):
It's really important that monetary policy can stimulate the economy
and that's what the Reserve Bank made a very clear
decision to do tomorrow or ensure that interest rates can
fall further so that people are paying less for their debts,
so there's more money in people's pockets, so they can
be more money circulating in the economy, generating activity, jobs, growth,
(26:35):
all of the things we want to see.
Speaker 2 (26:37):
We have businesses going to the wall, we have people
cutting back on groceries because they're so expensive. We know
that we've had a faulded recovery in quarter two. Does
this strengthen an argument for you to get involved and
do a bit of stimulus.
Speaker 14 (26:52):
Well, we're veryware of all of those pressures which were
exacerbated in the second three months of this year following
the Trump tariffs. What the Reserve Bank, if you're clear
about in their full statement which they released yesterday, is
that the government, by controlling its own spending, is in
pressure off inflation, allowing the Reserve Bank to deliver these
(27:13):
interrast rate reductions. It's my view that in the absence
of control government spending, it would be very difficult for
the Reserve Bank to keep reducing interesst rates and that
would be a real constraint on some sectors that I
think we all are concerned about. You know, construction. Construction
projects get over the line where interrast rates are low
enough that people are prepared to take on the debt
(27:34):
to finance those projects. So totally to the future, this
is going to be now demand to the economy.
Speaker 2 (27:41):
You need demand. You need people who are actually out
there going wanting to buy things, wanting to buy property,
we just talked about fletchers on the show. I mean,
so there's not just for the absence of doubt, you're
ruling out any mid year mini sprinkle stimulus, even reprioritize
money doesn't have to be new money.
Speaker 14 (27:57):
Oh, I'm absolutely not ruling that out. Will continue to
be taking additional actions to stimulate activity in the economy.
What I'm saying is that this is not a time
that we will be continuing to drive up additional debt. Well,
you've seen us continue to make announcements and deliver policy
change more than that, and that will continue. That will continue, right,
(28:20):
You will continue to see from the government actions which
we believe will stimulate activity, will give people confidence to invest,
will give people to take on your soon listen, will
continue to see that.
Speaker 2 (28:34):
Okay, why are you rewarding tantrums?
Speaker 14 (28:40):
Whose tantrument are rewarded? That's not been my parenting approach.
Speaker 2 (28:43):
Well, that's I wouldn't have thought it was so the teachers.
We had Judith Collins come out and say the teachers
are throwing are wobbly throwing a tantrum? Yesterday Brian Roach
says we're now reviewing our offer.
Speaker 14 (28:58):
Oh look, We've always said in order to get a
deal over the line with the teachers, which I think
everyone wants, they need to be at the bargaining table. Now,
what happens at the bargaining table is you negotiate in
good faith to get an outcome that can work for everyone.
How disappointment the tent from which Judith Collins rightly referred
to was the PPTA walking away from negotiations after only
(29:20):
six days at the negotiating table.
Speaker 2 (29:21):
And look what against a very good go Look what
it gives them a reviewed offer?
Speaker 14 (29:26):
Well, we have always been in a position that we
want to negotiate. Now, if the PPTA want to play
games and are more focused on their social media campaign
than actually representing their workers sitting at the table to
get a deal, that's on them, that's not on us.
Speaker 2 (29:40):
Where does the money come from the extra money? Because
I think one point seven billion is what they were asking.
Where do you have to borrow for that? Is that
existing baselines? Is it reprioritize this reviewed offer? Where does
that money come from? The extra money?
Speaker 14 (29:53):
Well, Ryan, I think you're making an assumption about what
the components of the reviewed offer are and I wouldn't
do that. But course, like every government before us, we
have set an envelope for this negotiation that some is confidential,
and we will be working within that envelope because, of course,
I think people understand there are trade offs here. In
this year's budget, we delivered a record package of learning
(30:17):
support for children with additional needs that will support additional
teacher aids, supports and classrooms.
Speaker 9 (30:22):
Well.
Speaker 14 (30:23):
As we actually blow the negotiating budget on the teachers,
those things are going to be much much harder to
fund now and into the future. So this is all
about getting a deal that delivers for students, delivers for families,
and yes, delivers for teachers who we value very much.
Speaker 2 (30:37):
As people are listening to this this morning, they're hopefully
putting butter on their hosts. Many won't be. You have
congratulated night and day for selling butter at six dollars fifty.
That's apparently they're losing three bucks on every block. You've said,
food stuffs and will worse have the same option, you'd
encourage them to lower prices. I had food Stuffs on
my Herald Now show on Monday. They said they are
(30:58):
making a loss on the home brand butters that they
sell for eight dollars twenty nine. Did you realize that.
Speaker 14 (31:05):
I listened to your show, Ryan, and this is the
kind of commercial behavior that you want to see. I
think all of us want to see retailers competing hard
against each outboy, which sometimes involve for having one product
or a whole range of products where they're selling below
costs because they know that they will recruit some profits
in other areas and other products that they are selling.
(31:26):
And my point's always been the more competitive the market is,
the more you've got night and days and other entities
snapping at the heels of the big guys, more likely
you are to get those sorts of offers. All I
want is the best deal for Kiwi shoppers, and I
continue to believe more competition will support that.
Speaker 2 (31:42):
All right, Nichola Willis appreciate your time this morning, the
Finance Minister. It is eight minutes away from six News
Talks EDB.
Speaker 1 (31:49):
The news you need this morning and the in depth
analysis early edition with Ryan Bridge and One Route Love
Where you Live News Talks EDB.
Speaker 2 (31:58):
It is a six six on News Talk said B
and Auckland Transport. If you haven't caught up with the
story Auckland Transport isn't budgeting on their fifty cent parking
meter transaction fee. They say it's not a surcharge, even
though the governments saying they shouldn't be doing things like this.
Augen Transports saying, I don't care whatever do you park
Mike in the city and pay this fifty cent fee?
Because no, I don't go.
Speaker 15 (32:18):
I only go into the city once every three weeks
for my haircut and so they do a lovely job.
Speaker 2 (32:24):
They do a very good job, don't they, And so
I haven't got much to work with them. That's the
that's the.
Speaker 15 (32:30):
Only time I go into the city. So I've got
no idea. I just tap and go.
Speaker 2 (32:34):
Yeah, because you can't. You can only tap and go.
This is what annoys me. You cannot use cash and
you cannot use an f post card, so you've got
no choice. You have to pay the fifty cents. Even
in Wellington it's thirty cents, is it?
Speaker 15 (32:47):
Governdal sit on. I mean, you can't ban something and
then somebody else goes well, we're not adhering to that.
It's not how the rules work.
Speaker 2 (32:53):
Surely not they need to sit But the arrogance of it,
though from mors.
Speaker 15 (32:56):
I mean Auckland. See, of all the things of Auckland,
transport don't started a good place anyway, reputationally speaking. So
so then anyway, we've got one of the people from
that particular organization on today.
Speaker 2 (33:07):
Just very quickly.
Speaker 15 (33:07):
You're wrong by the one, the twenty five points. So
I'm watching Hawksby yesterday. You can't believe a word Hawksby says,
because on one hand, he goes, you can be reassured
that inflation's under control. Can I well, last time you
told me you weren't needing any more cuts because there
was growth and there were shoots. Oh what, Sorry, I
forgot to look at Q two which went backwards. We
didn't see that coming.
Speaker 2 (33:26):
Yeah, but you can't see what hasn't happened.
Speaker 15 (33:29):
Yes, that's the whole purpose of the Reserve Bank. That's
what they're supposed to do. They're supposed to go we
see this unfolding. Hence here is our commentary for today.
Speaker 2 (33:38):
Tell me a reserve bank that saw Trump going as
ballistic as he did on the narration.
Speaker 15 (33:42):
That's an excuse because yes, there'll be uncertainty in that
period of time because people go, oh my god, what's
he doing? But he's blaming everything on that, which isn't true.
Speaker 2 (33:51):
But remember on Hard and So we dropped, the markets
dropped almost twenty percent. I mean, the world was freaking out.
They would they did, look at the sentiment surveys. After that,
you can get a job.
Speaker 15 (34:04):
On the Monetary Policy Committee.
Speaker 2 (34:06):
That's what I mean. Perhaps that's what I'm angling for.
Speaker 15 (34:09):
He's put his you notice he's put his CV in
for the so anyway, he's with us after seven thirty.
Speaker 2 (34:14):
Brilliant. All right, we'll look forward to that. Mike Costing
is with the next here on News Talk Set B.
See you tomorrow, Look the Past, be the pastors Waivers.
Speaker 1 (34:27):
For more from earlier edition with Ryan Bridge, listen live
to News Talk Set B from five am weekdays, or
follow the podcast on iHeartRadio
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