October 20, 2025 • 34 mins
On the Early Edition with Ryan Bridge Full Show Podcast Tuesday 21st of October 2025, the Government's set aside a combined total of $1.2 billion to get key projects moving in the roads of national significance programme, National Road Carriers General Manager of Policy and Advocacy, James Smith shares his thoughts.
Inflation’s hit 3% for the year to September -- up from 2.7%, but still within the reserve bank’s target.
Adrienne Begbie Managing Director of Prospa NZ shares her thoughts on Labour's Future Fund idea.
Plus, Australian Correspondent Donna Demaio has the latest on Trump's meeting with Albanese at the White house.
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Speaker 1 (00:01):
The issues, the interviews and the insight. Ryan Bridge on
early erdship with r the Supercenter, explore r V successories
and servicing more than one news talks.
Speaker 2 (00:12):
That'd be good morning, Welcome to Tuesday. Just gone six
after five, we'll look at tolling the big new roads.
Just before six this morning, a skirmish over the South
China Sea. We'll talk to our Australia correspondent Donnat Mayo
about that inflation, Labour's new policy and new seek job
numbers for you this morning. The agenda Tuesday, the twenty
(00:32):
first of October. You might have problems with your work
Zoom meeting this morning. Massive Amazon web service outage, Snapchat
DUELINGO six point five million reports globally, affecting more than
one thousand companies, So just wan'tch out for that one.
Apparently they've fixed the problem, but it'll take a while
to fill through elbow. The Australian Prime Minister is in
DC at the White House meeting with Trump.
Speaker 3 (00:52):
We're really working on anything happy to do with military,
military protection, military ships, yeagles, guns, ammunition, everything, the whole thing.
We've been long term, longtime allies on defense.
Speaker 4 (01:08):
We've already had a discussion about taking it to the
next live at Defense and Security partnership with orchisis so
important to Ukraine.
Speaker 2 (01:18):
Zelenski says he's ready to join Trump and putin in
the summit that might happen in Hungary if he gets
an invite. That is Apparently the meeting with Trump was
an absolute disaster, another screaming match.
Speaker 3 (01:28):
I think seventy eight percent of the land has already
taken by Russia. You'll leave it the way it is
right now. They can negotiate something later on down the lane.
But I said, cut and stop at the battle at
go home, stop fighting SUP killing people to China.
Speaker 2 (01:44):
The top brass there meeting in Beijing talking about a
five year plan. We'll hear some details on this Wednesday.
It's completely opaque.
Speaker 4 (01:52):
Apparently so opaque that the delegates to this planum stay
on site. They don't even leave the hotel where it's
taking place for fear that something will leak out.
Speaker 1 (02:06):
On your radio and online on iHeartRadio Early edition with
Ryan Bridge and r V Supercenter explore r v's accessories
and servicing.
Speaker 2 (02:16):
All in one news talks. I'd be two the numbers.
Text would love to hear from you this morning points
to Labor for at least being self aware of their shortcomings.
If you've got a problem with people trusting that you
can spend their money wisely, ring fence it and let
somebody else spend it instead, got a problem with people
trusting that you know how to make good business decisions.
(02:37):
Don't want to repeat the Provincial Growth Fund disaster, Hey presto,
Let others make those investment decisions for you. That's basically
what happened yesterday. Watching Hopkins, you could see the strategy
behind the weird triangle artwork that was adorned with Labor branding.
Was a guy who knows his r. Kelly's heel is
his own reputation, and government which was basically spend tax debt.
(03:00):
So this future Fund is a way of saying National
wants to flog off our state assets, our state owned companies.
We earn good dividends off these assets, but because nobody
trusts Labor to spend those dividends widely, they hand them
to the former bankers and the investors to invest. Give
it to the guardians, trust them, not us. It's kind
(03:23):
of smart because it blunts the inevitable questions about how wisely,
labor would spend dividends from any assets that we decide
to keep. Right. The problems about this are twofold. One,
the government's only really talking about selling off non performing assets,
and it's still maybe on that. They haven't made any
firm decisions. In fact, they'll have to take it to
the election. But secondly, revenue. If you were to put
(03:45):
all of the performing assets into this fund, that's up
to a billion bucks a year and lost crown revenue
from the dividends, that is a whole and a budget.
Where will the money for health and education then come from?
And we know who they turn to in their time
of knee, don't we? It is us. It is the taxpayers.
(04:06):
So while this announcement was pitched as one about growing
the pie, which could take years or even decades to achieve,
what it means in practice is a delayed surplus, more borrowing,
cost cutting, or higher taxes. There ain't no such thing
as a free lunch. We learned that last time, didn't
we cryan Bridge ten you're on news talks, he b
(04:28):
come out. Next, we're going to talk to someone who
actually deals with small and medium sized businesses, tries to
get them funding in New Zealand. What companies would a
fund like this? Even? Target News Talks ed.
Speaker 1 (04:41):
B Bryan Bridge on early edition with r V Supercenter
explore RV's accessories and servicing all in one News TALKSB.
Speaker 2 (04:51):
Five thirteen Great to have your company nine two nine
to two the number to text your job adds for September.
This is from Sikh Month on month, we're up one percent.
Quarter on quarter, we're up three percent. Year on year,
we're up six percent, so that's good news. Applications per
add up one percent. That's for the month. Now. Volumes
are lower than they would normally be. Volumes are down
(05:11):
compared to historical averages, but will you know you take
the wins where you get on you Every region recording
monthly growth for September, aside from one over two sorry
you being backwards a percent. Canterbury volumes are up. Interestingly,
Banking financial services up five percent. That was the fastest
month on month growth in September. Construction sector up six
(05:32):
percent quarter on quarter and thirteen percent year on year.
Bread fourteen right two Labour's Future Fund IDEA two hundred
million dollars in seed funding from US taxpayers. Fund managed
by the guardians of the super state owned companies' assets
will be transferred to the fund, dividends used to invest
in Kiwi businesses. Very light on detail at this point,
but we're going to Adrian Begbie, who's managing director of
(05:53):
prosper en Z. Adrian. Good morning, Good morning Ron, Good
to have you on the show. So you help small
businesses get fund What do you think of this?
Speaker 5 (06:02):
I think it's great to see it's great to see
someone actually stepping forward for Kiwi businesses. Kiwi businesses are
the backbone of our whole economy, so it's great to
say someone actually come up with something that could be
potentially very good for them.
Speaker 2 (06:15):
Do we know Do you even know whether any of
the businesses you work with would be eligible at this
point or is it so light on detail you can't tell.
Speaker 5 (06:23):
Yes, it's the eligibility that's the question, isn't it.
Speaker 3 (06:26):
Ryan.
Speaker 5 (06:27):
I think it's light on detail, but hopefully there is
still that more comes from it. A couple of things
that they've cited though, talking about high tech startups and
community renewable energy, So you wonder how many small you know,
really small businesses that would be a focus for them
if you're talking about a hairdresser or you're talking about Mum, Dad,
plumber so cafe, that they're not really focused on those areas.
(06:47):
So does that actually already point to a larger sized
business not a small business.
Speaker 2 (06:52):
We have a three hundred to four hundred million dollar
Elevate Fund already which is run by the Guardians of
NZ super I was reading about it last night. Is
that not exactly what we're talking about.
Speaker 5 (07:03):
It's very similar and there are other things around there.
There's some research and development funds that they can also access,
so there's other things. But small businesses are very undeeserved
and the museealm community and the un financial community, so
that's why prosper businesses like us are here to help
those businesses. So major banks are they really do struggle
(07:25):
to lend people without a security so without a house,
and that's really to get into their businesses and to
help them grow. So hopefully this fund actually does give
some investments, so it's a different investment that can help
these businesses to grow and really you know, help spark
up New Zealand. As we were talking about those growth
numbers before, Adrian when.
Speaker 2 (07:42):
We're talking about you know, the borrowing and then the
success rate of a company. How many of them flop? Realistically,
I think.
Speaker 5 (07:52):
It's very high percentage of businesses that flop for terrible
words that maybe not survive and theirs and you know
there's all years. But we I mean PUS three alone.
Speaker 6 (08:02):
So that's what we do.
Speaker 5 (08:03):
We lead small businesses. So we are the Kent Canary
in the mind. We can see what's happening in the
economy and our portfolio. Our customers are performing very well.
So a lot of our use of funds we talk
about it. So a lot of our use of funds
is for growth, is for staffing, is for marketing, is
for extra stock. So that's people that are that are
getting ready for this PSIC period that we're about to
come into. So our portfolio is performing very well in
(08:25):
our customers are so that's actually really good to see.
Speaker 2 (08:27):
Adrian, appreciate your time this morning, Adrian Bigbe, Managing director
of prosper n Z. Time is seventeen after five. Everyone
News talks theb so elbows in DC at the White House.
They're talking. He's taken his Minister of Resources with him,
which is quite a smart move because Trump wants rare
earth minerals. We know that because he hates China for
blocking them. So Elbows that there's a tech for Elbow
(08:49):
who's taken his Minister of Resources. It'll be like Shane
Jones equivalent. Get him over there, get him talking. But
on the agenda also is remember that guy from four Corners,
the ABC journalist opinion.
Speaker 3 (09:00):
You are hurting Australia very much right now, but they
want to get along with me.
Speaker 2 (09:04):
You know your your your leader.
Speaker 1 (09:07):
Is coming over to see me very soon.
Speaker 7 (09:09):
I'm going to tell him about you.
Speaker 2 (09:10):
You said a very bad.
Speaker 3 (09:11):
Tik well ahead.
Speaker 2 (09:15):
That whole kerfuffle. Well Trump said he's going to bring
it up with Elbow, so we'll keep your cross that.
This morning, five seventeen, detail on the inflation number out yesterday.
Next News Talk Seat B the news you.
Speaker 1 (09:26):
Need this morning and the in depth analysis Earl edition
with Ryan Bridge and r V Supercenter explore r v's
accessories and servicing, all in one news talks at B.
Speaker 2 (09:37):
To Randy Andy. Update Now in the UK, Beatrice has
been visiting mum and dad. They are obviously hold up
at the moment in the Royal Lodge and at Winsor
they've got a lease on that place, by the way,
till twenty seventy eight, so Andrew will stay there until
basically he's dead. Charles and William continue to disavow him,
distance him themselves from him, and they have done that
(10:00):
by scrubbing out on the Buckingham Palace website. They've scrubbed
out the Duke of York title, so all references to
the Duke of York have been axed from Royal dot
UK as of last night, and he's just referred to
now as Prince Andrew throughout Sarah Ferguson. Meanwhile, her handle
the Duchess, Sarah the Duchess is what it used to
(10:21):
say on X Now it says Sarah M. Fergie fifteen.
There you go five twenty Bryan Bridge. So inflation hit
three percent for the year to September. That's up from
two point seven. This is what they said would happen.
While it's happened, Big culprits, no surprises here, rates, electricity
rent blame game has begun. Of course. The main contributors
(10:42):
are those three things, and this is what the PM
had to say about it yesterday's Classic Council.
Speaker 4 (10:46):
So they've got to focus on the things that matter
most of their ratepayers are not all the extras.
Speaker 2 (10:51):
Seymour, So, I didn't see this yesterday, but he's still
not keen on a rates cap.
Speaker 8 (10:55):
If you've solved the problem of a cost blowout, do
you still need it?
Speaker 1 (10:58):
And if you can't solve the problem of the cost blowout,
is it gonna work?
Speaker 2 (11:02):
Now, let's go to Gisbon rehit stalts this. This is
not our fault. Even though rates are going up, not
our fault.
Speaker 9 (11:08):
Councils don't buy bananas, eggs and appies. We buy steel, concrete, asphelts.
Speaker 2 (11:15):
So the products we use are knock your.
Speaker 9 (11:18):
Everyday household items. So that is why there's a discrepancy.
Speaker 2 (11:23):
Did she say bananas? We don't buy bananas. Labour's finance
pokes from Barbara Edmonds feeling pretty fiery after Labour's policy
announcement yesterday. She came out swinging this is on energy.
Speaker 9 (11:36):
Energy price spike that's higher than it was back to
eighty nine.
Speaker 5 (11:39):
It's like we're going back to the eighties.
Speaker 10 (11:41):
You promise to make it better.
Speaker 9 (11:42):
Your plan isn't working.
Speaker 2 (11:44):
Okay, maybe if you didn't cancel the oil and gas
exploration we wouldn't be in this mess to begin with.
Time now is twenty two minutes after five right to
the stock market we go record stock increases over in
the US. You would have seen this bulls charging, but
Wall Street's getting pretty defensive, shifting to defensive stocks. So
(12:06):
you utilities, your health care, you consumer staples. When things
get a bit jittery, you go and put your money
into a bunch of companies that people have to buy from. Electricity,
you know, drugs grow through that sort of stuff. So
that portion of the S and P five hundred is
going to lead the market for the first time this
(12:26):
month since June of twenty twenty two. That tells you
that investors are a little bit worried about a slowdown,
pulling back on your retailers, your home building, you know,
your air your airlines, that kind of stuff, pulling back
on that investing in stuff that we need, not that
we want, stuff that we can't avoid. So that tells
(12:47):
you something about how people, how investors at least, are
looking at the state of the US economy. Right now,
twenty three minutes after five year on news talks, you
b got a few things to tell you about the
rates cap idea Next the early.
Speaker 1 (13:00):
Edition full show podcast on Iartradio Power by Newstalks.
Speaker 2 (13:04):
IV five twenty five News Talks EV. A rates cap
is one of those policies that immediately sounds so appealing.
Doesn't it look no further than yesterday's CPI number. It's
one of your top three inflation feeders rates. So throw
a cap on him, tie their hands behind their backs,
rain these guys in get rid of the one hundred
thousand dollars bike rack over here, the multi million dollar
(13:27):
disco toilet over there, the coffee machines for staff over there,
and practice though, how do you actually make it work
without starving these councils of revenue? They actually need to
fix the pipes. I spoke to Ben Bell from Gore yesterday.
He said almost ninety percent of their spending goes on basics,
pipes and roads. The rest is nice to have, which
(13:49):
he described as libraries and swimming pools, no club sandwiches.
At the council meetings in Gore, they are drinking instant coffee.
I can report to you this morning, and yet Gore's
rate increase have been double digit or close to it
for several years. They'll be close to double digits again
this year. And despite that, and the voters knew it,
the good people of Gore have re elected Bell for
(14:11):
a second term quite handsomely. So we say we want
lower rates, of course we do, but the question is
what will it cost us? Will capping them actually hurt
us a local economy productivity efficiency if you delay or
shelve projects. Last week Wayne Brown told me on Herald
Now that Auckland could have a zero increase next year.
(14:32):
Doesn't that sound amazing? A zero increase next year if
it wasn't for the City rail Link, the spending coming
online for the city railing because it's opening up, it's
a major transport project. It'll in theory benefit Auckland and
the country who paid for it. Well, we all did,
the jaffers and the taxpayers. If we want lower rates,
(14:53):
we could just not run any trains on the tracks.
But is that sensible? Don't get me wrong here. I
am the first to criticize the big spending bozos who
chuck money at dumb stuff. But most council spending isn't that.
Most of it is stuff that we need. D Day
is looming for the government's plan to cap rates and
(15:15):
it needs to be a measured response. We need spending
on pipes and roads to continue and waste on disco
lose somehow flush down the duney Brian bread the number
two text. Would like your views on that one. Now,
this is an amazing science story from Overnight fixing blindness.
(15:36):
They can pretty much do this now if it's age
related loss of sight. So an electronic eye implant, it's
about it sort of looks like a little sim card
and it's about the thickness they reckon of a human here,
so tiny little thing and they implant that into the retina,
which gross, okay, gross, but the results are pretty incredible.
(16:00):
Thirty eight elderly patients were in this trial and they
regained the ability to read letters, numbers, and words, basically
got their site back. And it was eighty four percent
of them were able to do this. They're calling it
a revolutionary new implant, the first ever device to enable
people to read letters, numbers and words through an eye
(16:20):
that has lost its sight. Just incredible. You can use
the glasses. They put it under your eye and then
you're able to use AI. There's something clipped to your
waist to zoom in on stuff. That you're looking at.
So you you know, basically like if you've got a
phone and you see an older person with a phone
and you see how large the text is on that
(16:41):
phone and you think, wow, they must be blind. Well,
they probably are a little bit, and this might actually
reverse some of that. Hey very quickly for you. This
is an update from Australia. They've accused China with interesting
timing with elbow over in DC at the moment, but
they've accused China of releasing flears over one of their
patrol jets in the South China Sea, so a bit
(17:02):
more of that. Arjibarji're going on a lot of disputed
territory over South China seed so Chinese reckoned, the Aussies
flew into the area space of course, that's all contested.
News Talks VB will look at these roads of national
significance before six.
Speaker 1 (17:26):
The first word on the News of the Day Early
edition with Ryan Bridge and r V Super Center explore
r v's accessories and servicing all in one.
Speaker 2 (17:36):
News TALKSB just more away from six year on. News
Talks VB will get to the roads of national significance
and tolls before six o'clock also Donald de Mayo out
of Australia for US councils and rates caps. This is
the idea, this is the one the government's going to progress. Ryan.
All the big projects and roads used to be covered
(17:58):
by the government, not local council. This is from Graham.
They put it on councils, then they added GST. I say,
give the councils back the GST. That's one way you
could do it, Graham. Larry says, cost council cost budgeting,
starting with their inflated payrolls. Please payrollers around twenty five
to thirty percent of the council costs. Start there. Hack
it away. Now this is interesting. So we've been speaking
(18:22):
this morning about the fact that we've got Albanezi, the
Australian Prime Minister, over in DC. He's at the White
House meeting with Trump and he's had to take along
the wet blanket that is Kevin Rudd, and so Kevin
rudds in the room. He's taken along as Resources Minister
as well, because obviously Trump wants some rare earth. Anyway,
(18:42):
Ruds in the room. And remember what Rudd said about
Trump years ago and what he's tweeted a couple of
times about him, but he said it was to the
effect of the most destructive president in US history, is
how he described Trump. And so then the reporters in
the room cleverly asks Trump a out run. Have you
had any concerns with this administration and stance on Palestine,
(19:05):
climate change, or even the things the ambassador said about
you in the past, as strain ambassador.
Speaker 3 (19:10):
I don't know anything about him. Man, if you said bad,
then maybe he'll like to apologize. I don't know. Did
an ambassador to say something bad about it?
Speaker 2 (19:19):
Don't tell me.
Speaker 4 (19:19):
I don't Where is he?
Speaker 3 (19:21):
Is he still working for you? Yeah? You said bad?
I don't like you either, and probably never will.
Speaker 2 (19:33):
Twenty two away from six Prime Bridge to reporters around
the country, Color Proctor and Dneedin this morning, Calum, good morning, morning.
Speaker 11 (19:40):
Right.
Speaker 2 (19:40):
What's this new luxury adventure offering you've got down South?
Speaker 12 (19:44):
Yeah, Look, it's a Milford Sound business class adventure. It's
a new experience for South Island travelers, taking it to
the next level in that part of the world. What
the guests will enjoy his accommodation in Mercedes vans to
an exclusive lounge and tiano before continuing on to Milford.
Then they bought a cruise boat turned floating restaurant with
(20:07):
a menu designed by Michelin trained chef reel In. Zed
says there is a gap in the market for this.
Lots of cruises through Milford are very similar, so this
one will stand out. They say, a lot of guests
from around the world want this type of business class experience.
Speaker 2 (20:21):
How's your weather?
Speaker 12 (20:24):
Another strong win watched for us today Here strong gusty westerlies.
Otherwise find the high sixteen today. Cheers Callum and Clare
and christ Church this morning, clear, good morning.
Speaker 13 (20:33):
Good morning.
Speaker 2 (20:33):
We've got earthquake repairs happening at Burwood.
Speaker 11 (20:36):
Yes, at Burwood Hospital, fifteen years after the fact that
Ryan this is come to our attention after a tender
for a construction contractor became available on their government's website,
Health and Zed is seeking a firm to carry out
some extensive work across at three of Burwood Hospital buildings.
It says the minor Surgery building will need existing walls
(20:58):
and suspended ceilings stripped before being refitted for use for administration,
while the spinal hospital building requires quake strengthening and repairs
to walls and ceilings. There's also some work on the
old administrative building, which needs partial releveling of the foundation
floor slab. News Talk SB has approached Health and Ed
for comment.
Speaker 2 (21:18):
On why this is happening now, all right, how's you
wear that?
Speaker 1 (21:21):
Fine?
Speaker 11 (21:22):
Aside from the chance of an early shower, strong Northwesterly
is casting one hundred kilometers an hour in exposed places.
Speaker 2 (21:27):
The high twenty two brilliant. Thank you Max and Willington Max,
good morning, good morning, not one but two tunnels coming
your way.
Speaker 7 (21:34):
Yes, for the price of well two a two point
ninety three point eight billion dollars. That's the price tag,
not just for this long promise second Mount Victoria tunnel,
but a duplicate Terrace tunnel as well, and an extra
lane further city. This announced by the government yesterday. They're all,
it is likely to be told that has felt inevitable.
(21:55):
The Transport Agency is currently looking over everything. We also
have a mock up of what the Mount Very tunnel
would look like. It would essentially split traffic in two
heading in and out of the city, two lanes each,
two effective separate tunnels and a closed off walking path
as well. It would mean three lanes down Vivian Street
rather than the current two. That's the road that goes
(22:15):
through the middle of the city heading out towards Kent
and Cambridge. Terrace's fair play national singing to its campaign
promise spades in the ground. Still is the expectation regarding
Mount Victoria by the end of the first term construction work.
It is all being fast tracked and there will be
public consultation as well.
Speaker 2 (22:33):
They seem to be opposing ideas fast track and public consultation. Hey,
interesting listening to Bishop us today talk about if you
could do the Mount vic tunnel and not do the
terrist One, but you would just shift the problem. You
actually need to do both of them at the same
time to solve it. Do you think Wellingtonians will care
about the toll paying the toll? Would you care?
Speaker 7 (22:53):
I think we're pragmatic people and I think we understand
that when you get luxurious transport plans like this, they
have to be paid for, right. They may not be
happy about it initially, but they'll get used to it,
like most places with toll roads.
Speaker 2 (23:06):
Yeah, I think you're right. How's your wear? The Max
Rainy and very Wendy seventeen The High brilliant. Thank you,
Neva and Auckland morning, Neva, good morning. Are Wesley College
thuggery and beatings rife?
Speaker 10 (23:15):
Yes, And the former students of Wesley College have come
out and they're saying, hey, look, there's been right for
the school for decades. Because this has all happened. Because
the school's just announced the closure of its hostels. This
will happen at the end of the year amid reports
of violence and safety and culture concerns. The Herald has
got a great story on this. This is leading the
(23:38):
Herald this morning. One nineteen eighty nine student told the
Herald that he witnessed several students hit in the body
with pillow cases filled with objects like soap and drink bottles,
and another student from the seventies said that he's got
vivid memories of Caning's leaving you know, these large black,
bleeding welts. So yeah, not good, not good?
Speaker 2 (23:59):
How's that? Where can you cheer us up with that?
Speaker 3 (24:01):
No?
Speaker 10 (24:01):
Not really, no, you just like here, Look, there's no rain,
but it's cloudy and it's particularly windy, just like the
rest of the country. That spring kind of weather, isn't
it this time of the year. But it is going
to be warm. Twenty two is a high year in augrillid.
Speaker 2 (24:14):
And thank you never seventeen away from six year on
News Talk said, but by the way, the big mega
strike that's happening, well, it's just getting bigger. It's snowball
and getting bigger and bigger as it travels down the mountain.
And who's joining the party? Acc Union members who you know,
grind my gears because they're the guys who was so
upset about having to go back to work three days
(24:36):
a week into the office. So they were having two
days a week in the office. Now they have to
do three. The poor we thinks by striking, I mean
they probably would have been at home anyway. Will anyone
actually notice that the ACC union members are on strike,
that's the question News Talk said. B If you run
a small business, you know the pain of waiting to
(24:58):
get paid. You finished a job, you see the invoice,
and then you spend weeks chasing people up like some
sort of debt collector. It's no fun. Zero's Tap to
Pay powered by Stripe, changes all of this. Your customer
taps their card on your phone, Boom, you paid on
the spot, no fancy payment terminal needed, just the zero
accounting app. And here's the really smart bit of all
of this. Once the payment goes through, the invoice is
(25:19):
automatically marked as paid in zero, ready to be reconciled.
This means less admin less marking around with the paperwork,
more time doing what you actually are meant to be doing,
which is running your business. It's secure, it's instant, and
it keeps your cash flow moving instead of grinding to
a halt every month. Except payments on the spot as
soon as the job's complete. No more awkward conversations about
(25:40):
chasing up and invoice all that sort of stuff. The
small businesses that will benefit from this, it could genuinely
be a game changer. Less time chasing the payments, more
time focusing on what you do best. Supercharge your business
with zero tap to pay, getting paid has got a
whole lot easier search, zero tap to pay.
Speaker 1 (26:00):
A correspondence with ends in eye insurance, peace of mind
for New Zealand business.
Speaker 2 (26:05):
Well so pot roads and tolls and just the second
first on a tomorrow Australia correspondent, Good morning Donna, Good
morning to you. So the PMS in Washington, I see
he's taken his Resources minister.
Speaker 13 (26:16):
Yes, well, we know that this is a very big deal,
this crucial meeting with Donald Trump, because we know that
it's the first formal face to face with the US president.
You know, when he arrived last night, he didn't address
the media at that time. He got straight to a
waiting car and off he went. And we know that
(26:37):
they've been meeting for a little while. They've had four
phone calls since Trump's twenty twenty four election and a
brief encounter in New York in September. But this is
like the proper, full on sit down chat. We know
that just moments ago they signed an agreement on critical
minerals and rare earths. Now these are the things that
are used to make what they call consumer tech like
(27:00):
mobile phones, et cetera. And so Trump actually said all
the deal was negotiated over four or five months or so.
And we've heard from Anthony Albanesi a couple of matches
and he said that Australia has an eight point five
billion dollar pipeline ready to go in that regard. So
that deal has been done. But now they've been taking
(27:21):
questions from media and it's all been very interesting as
that unfolds. But we have heard Albanezi congratulating Trump on
the Middle East ceasefire, saying it's an extraordinary achievement. And
or he also said that we have great friends and
great allies, and this relationship has been forged in the
battlefields of the world.
Speaker 8 (27:42):
So there you go.
Speaker 13 (27:44):
We're just hearing about freedom and democracy. In fact from
Albow as he sits alongside Donald Trump in Washington.
Speaker 2 (27:52):
You go to do a little bit. He goes stroking
while you're in DC. It's just part of the course.
Thanks Don and Donald Mayo, Australia correspondent, just gone eleven
minutes away from six. By the way, the seat numbers
I was telling you about earlier up a percent month
on month, three percent quarter on quarter, six percent year
on year, although volumes a bit lower. The number of heirs.
The bad bit about it. The number of New Zealand
candidates applying for roles in Australia remains up. This is
(28:17):
based on pre COVID levels, so there are still more
people interested in working in Australia than we would normally
see in a pre COVID period. Maybe it's to do
with all their mineral jobs that they've got all the
mining jobs that they've got, right, Ryan, government set aside
a combined total of one point two billion. This is
to get key projects moving in the roads of National Significance.
Program includes half a billion to buy up houses. Tolls
(28:39):
will be the default. James Smith is with the National
Road Carries with me this morning. James, Good morning, Good
morning Ryan. Does the toll I mean, how do you
feel about the tolls? Does that cancel out the efficiency
or the benefit from the fast and newer roads or
is there a net gain?
Speaker 8 (28:55):
There's normally a net gain, Ryan, So normally you get
to the increased productivity cancels out the cost of the tonnel.
Speaker 2 (29:02):
What do you expect with the roads that we have done,
Like I'm thinking North of Auckland, I'm thinking Company Expressway.
What have you seen? How significant has the shift been?
Speaker 8 (29:14):
It's been It has been significant. So what we've seen
is not only slightly faster times, but it's more the consistency,
So the fact that the route is now a lot
more dependable. It's a lot more reliable. So what you
need in our sector is consistency. So you need to
know that if you leave it X, you're going to
(29:35):
arrive at y and you're going to do that on
a consistent basis. So we're seeing that with all of
these projects, they've brought much needed resilience, safety, and productivity
to the network.
Speaker 2 (29:46):
Does that make stuff cheaper for us because you're carrying
our goods, aren't you?
Speaker 8 (29:52):
Yeah, we are, And it slows down the rate of
rate of increase, so everything else is still going up.
So sorry, but yes, you still expect rates to rise,
but it helps soften that blow.
Speaker 2 (30:07):
Do we need do you need some sort of reassurance infrastructure?
New Zealand came out as they saying, we want to
see more bipartisan buy in on this kind of stuff,
especially if it's rons.
Speaker 8 (30:17):
Do you agree, Oh, absolutely, and we've actually seen that already,
so Labor transport spokesmen and have actually already said that
if the projects are actually up and honking, if there's
a change of government, they will honor the projects. So
that's why it's absolutely mission critical that these projects, some
(30:40):
of them we'd been wanning for since the nineteen fifties
for goodness sake, can actually get shovels on the ground
and get moving.
Speaker 2 (30:49):
Appreciate your time this morning. James Smith's National Road carriers
with us. It is eight minutes to six News Talks.
Speaker 1 (30:54):
He'd be get ahead of the headlines on early edition
with Bryan Bridge and r V Supercenter explore RVs accessories
and servicing all in one News talks'b.
Speaker 2 (31:06):
It is six away from six News TALKS'B. The energy
costs we were talking about earlier that fed into the
CPI number that we got yesterday, up eleven point three
percent from a year ago. That is the biggest jump
since nineteen eighty nine, and back then that was caused
by a GST increase, So for a non tax increase,
it was the biggest jumps in nineteen eighty seven, which
is why you're feeling it when you turn your heat
(31:27):
pump on over winter. Gas prices up fifteen percent and
that was the second court and that's just for the quarter,
and that was the second quarter in the road that
they were up over fifteen percent. It is sorry, six
minutes away from six.
Speaker 8 (31:40):
Bryan Bridge.
Speaker 2 (31:42):
Mike's in the studio this morning. Mike, I know you
would have been watching those press conferences yesterday. What did
you make of Labour's artwork? The background?
Speaker 6 (31:50):
It was beautiful, wasn't it? What I what I liked
is that it wandered around the whatever it was called
a start startup with and they said, so, so you
so you need some money and the guy goes, no, no,
we're good. And what about you, mate, you're looking for
a bit of funding, are you? Goes no, no, we're
pretty good, Which is one of the great questions to
come out of the idea is there a shortage of money?
(32:10):
And the answer seems to me to be no. I mean,
if you follow globally these sort of things, there's money everywhere.
Speaker 2 (32:16):
There's everything. There's also already managed by the guardians of
the super Fund, a four hundred million dollar elevate fund
which goes exactly to companies like this.
Speaker 6 (32:26):
It's one of those altruistic ideas that you can't argue with.
You think, oh, yeah, that sounds like that's a nice idea,
isn't it. In the moment you go around saying, well,
who's in charge of it? And what decisions are they
going to make? And what about the risk on return
and stuff like that, there's no answers.
Speaker 2 (32:39):
I think the smart thing that they've done is realize
their own shortcomings and that say that you winners.
Speaker 6 (32:46):
There's probably something in there. Yeah, go get it off
to somebody else. Hey, did you speaking? Which did you see?
That is the charter school for the sports thing? The
greatest thing in the world.
Speaker 2 (32:57):
Excellent?
Speaker 6 (32:57):
Did every single one of us who went to school
really want to just play sport? And and how much
better would we have been if we'd gone to a
school that just elevated sport to a level that we
could go on to greatness? Well, I personally, I mean
as your unco what for some of us who were
athletic we would have were you?
Speaker 2 (33:18):
Yeah? And what what area?
Speaker 6 (33:21):
Look name of sport?
Speaker 2 (33:22):
I'm good.
Speaker 6 (33:23):
I was very good at I was very good at tennis,
and I was very good at basketball.
Speaker 2 (33:27):
If I chucked you in a pool, how well was useless? Absolutely?
You know I didn't think I could.
Speaker 6 (33:30):
I couldn't swim to save yourself.
Speaker 2 (33:32):
But but you know it's a great idea. But what
a fantastical And why would the unions oppose it?
Speaker 6 (33:38):
You know, because they are miserable sobs menas And you've
got to ask old Pipkins is he going to close
them down again like he did last time? Ideology?
Speaker 2 (33:47):
All right, look forward today's show mate, see you tomorrow. Everyone,
have a Great day.
Speaker 1 (33:56):
For more from Early Edition with Ryan Bridge, listen live
to new talks. It'd be from five am weekdays, or
follow the podcast on iHeartRadio
The issues, the interviews and the insight. Ryan Bridge on
early erdship with r the Supercenter, explore r V successories
and servicing more than one news talks.
Speaker 2 (00:12):
That'd be good morning, Welcome to Tuesday. Just gone six
after five, we'll look at tolling the big new roads.
Just before six this morning, a skirmish over the South
China Sea. We'll talk to our Australia correspondent Donnat Mayo
about that inflation, Labour's new policy and new seek job
numbers for you this morning. The agenda Tuesday, the twenty
(00:32):
first of October. You might have problems with your work
Zoom meeting this morning. Massive Amazon web service outage, Snapchat
DUELINGO six point five million reports globally, affecting more than
one thousand companies, So just wan'tch out for that one.
Apparently they've fixed the problem, but it'll take a while
to fill through elbow. The Australian Prime Minister is in
DC at the White House meeting with Trump.
Speaker 3 (00:52):
We're really working on anything happy to do with military,
military protection, military ships, yeagles, guns, ammunition, everything, the whole thing.
We've been long term, longtime allies on defense.
Speaker 4 (01:08):
We've already had a discussion about taking it to the
next live at Defense and Security partnership with orchisis so
important to Ukraine.
Speaker 2 (01:18):
Zelenski says he's ready to join Trump and putin in
the summit that might happen in Hungary if he gets
an invite. That is Apparently the meeting with Trump was
an absolute disaster, another screaming match.
Speaker 3 (01:28):
I think seventy eight percent of the land has already
taken by Russia. You'll leave it the way it is
right now. They can negotiate something later on down the lane.
But I said, cut and stop at the battle at
go home, stop fighting SUP killing people to China.
Speaker 2 (01:44):
The top brass there meeting in Beijing talking about a
five year plan. We'll hear some details on this Wednesday.
It's completely opaque.
Speaker 4 (01:52):
Apparently so opaque that the delegates to this planum stay
on site. They don't even leave the hotel where it's
taking place for fear that something will leak out.
Speaker 1 (02:06):
On your radio and online on iHeartRadio Early edition with
Ryan Bridge and r V Supercenter explore r v's accessories
and servicing.
Speaker 2 (02:16):
All in one news talks. I'd be two the numbers.
Text would love to hear from you this morning points
to Labor for at least being self aware of their shortcomings.
If you've got a problem with people trusting that you
can spend their money wisely, ring fence it and let
somebody else spend it instead, got a problem with people
trusting that you know how to make good business decisions.
(02:37):
Don't want to repeat the Provincial Growth Fund disaster, Hey presto,
Let others make those investment decisions for you. That's basically
what happened yesterday. Watching Hopkins, you could see the strategy
behind the weird triangle artwork that was adorned with Labor branding.
Was a guy who knows his r. Kelly's heel is
his own reputation, and government which was basically spend tax debt.
(03:00):
So this future Fund is a way of saying National
wants to flog off our state assets, our state owned companies.
We earn good dividends off these assets, but because nobody
trusts Labor to spend those dividends widely, they hand them
to the former bankers and the investors to invest. Give
it to the guardians, trust them, not us. It's kind
(03:23):
of smart because it blunts the inevitable questions about how wisely,
labor would spend dividends from any assets that we decide
to keep. Right. The problems about this are twofold. One,
the government's only really talking about selling off non performing assets,
and it's still maybe on that. They haven't made any
firm decisions. In fact, they'll have to take it to
the election. But secondly, revenue. If you were to put
(03:45):
all of the performing assets into this fund, that's up
to a billion bucks a year and lost crown revenue
from the dividends, that is a whole and a budget.
Where will the money for health and education then come from?
And we know who they turn to in their time
of knee, don't we? It is us. It is the taxpayers.
(04:06):
So while this announcement was pitched as one about growing
the pie, which could take years or even decades to achieve,
what it means in practice is a delayed surplus, more borrowing,
cost cutting, or higher taxes. There ain't no such thing
as a free lunch. We learned that last time, didn't
we cryan Bridge ten you're on news talks, he b
(04:28):
come out. Next, we're going to talk to someone who
actually deals with small and medium sized businesses, tries to
get them funding in New Zealand. What companies would a
fund like this? Even? Target News Talks ed.
Speaker 1 (04:41):
B Bryan Bridge on early edition with r V Supercenter
explore RV's accessories and servicing all in one News TALKSB.
Speaker 2 (04:51):
Five thirteen Great to have your company nine two nine
to two the number to text your job adds for September.
This is from Sikh Month on month, we're up one percent.
Quarter on quarter, we're up three percent. Year on year,
we're up six percent, so that's good news. Applications per
add up one percent. That's for the month. Now. Volumes
are lower than they would normally be. Volumes are down
(05:11):
compared to historical averages, but will you know you take
the wins where you get on you Every region recording
monthly growth for September, aside from one over two sorry
you being backwards a percent. Canterbury volumes are up. Interestingly,
Banking financial services up five percent. That was the fastest
month on month growth in September. Construction sector up six
(05:32):
percent quarter on quarter and thirteen percent year on year.
Bread fourteen right two Labour's Future Fund IDEA two hundred
million dollars in seed funding from US taxpayers. Fund managed
by the guardians of the super state owned companies' assets
will be transferred to the fund, dividends used to invest
in Kiwi businesses. Very light on detail at this point,
but we're going to Adrian Begbie, who's managing director of
(05:53):
prosper en Z. Adrian. Good morning, Good morning Ron, Good
to have you on the show. So you help small
businesses get fund What do you think of this?
Speaker 5 (06:02):
I think it's great to see it's great to see
someone actually stepping forward for Kiwi businesses. Kiwi businesses are
the backbone of our whole economy, so it's great to
say someone actually come up with something that could be
potentially very good for them.
Speaker 2 (06:15):
Do we know Do you even know whether any of
the businesses you work with would be eligible at this
point or is it so light on detail you can't tell.
Speaker 5 (06:23):
Yes, it's the eligibility that's the question, isn't it.
Speaker 3 (06:26):
Ryan.
Speaker 5 (06:27):
I think it's light on detail, but hopefully there is
still that more comes from it. A couple of things
that they've cited though, talking about high tech startups and
community renewable energy, So you wonder how many small you know,
really small businesses that would be a focus for them
if you're talking about a hairdresser or you're talking about Mum, Dad,
plumber so cafe, that they're not really focused on those areas.
(06:47):
So does that actually already point to a larger sized
business not a small business.
Speaker 2 (06:52):
We have a three hundred to four hundred million dollar
Elevate Fund already which is run by the Guardians of
NZ super I was reading about it last night. Is
that not exactly what we're talking about.
Speaker 5 (07:03):
It's very similar and there are other things around there.
There's some research and development funds that they can also access,
so there's other things. But small businesses are very undeeserved
and the museealm community and the un financial community, so
that's why prosper businesses like us are here to help
those businesses. So major banks are they really do struggle
(07:25):
to lend people without a security so without a house,
and that's really to get into their businesses and to
help them grow. So hopefully this fund actually does give
some investments, so it's a different investment that can help
these businesses to grow and really you know, help spark
up New Zealand. As we were talking about those growth
numbers before, Adrian when.
Speaker 2 (07:42):
We're talking about you know, the borrowing and then the
success rate of a company. How many of them flop? Realistically,
I think.
Speaker 5 (07:52):
It's very high percentage of businesses that flop for terrible
words that maybe not survive and theirs and you know
there's all years. But we I mean PUS three alone.
Speaker 6 (08:02):
So that's what we do.
Speaker 5 (08:03):
We lead small businesses. So we are the Kent Canary
in the mind. We can see what's happening in the
economy and our portfolio. Our customers are performing very well.
So a lot of our use of funds we talk
about it. So a lot of our use of funds
is for growth, is for staffing, is for marketing, is
for extra stock. So that's people that are that are
getting ready for this PSIC period that we're about to
come into. So our portfolio is performing very well in
(08:25):
our customers are so that's actually really good to see.
Speaker 2 (08:27):
Adrian, appreciate your time this morning, Adrian Bigbe, Managing director
of prosper n Z. Time is seventeen after five. Everyone
News talks theb so elbows in DC at the White House.
They're talking. He's taken his Minister of Resources with him,
which is quite a smart move because Trump wants rare
earth minerals. We know that because he hates China for
blocking them. So Elbows that there's a tech for Elbow
(08:49):
who's taken his Minister of Resources. It'll be like Shane
Jones equivalent. Get him over there, get him talking. But
on the agenda also is remember that guy from four Corners,
the ABC journalist opinion.
Speaker 3 (09:00):
You are hurting Australia very much right now, but they
want to get along with me.
Speaker 2 (09:04):
You know your your your leader.
Speaker 1 (09:07):
Is coming over to see me very soon.
Speaker 7 (09:09):
I'm going to tell him about you.
Speaker 2 (09:10):
You said a very bad.
Speaker 3 (09:11):
Tik well ahead.
Speaker 2 (09:15):
That whole kerfuffle. Well Trump said he's going to bring
it up with Elbow, so we'll keep your cross that.
This morning, five seventeen, detail on the inflation number out yesterday.
Next News Talk Seat B the news you.
Speaker 1 (09:26):
Need this morning and the in depth analysis Earl edition
with Ryan Bridge and r V Supercenter explore r v's
accessories and servicing, all in one news talks at B.
Speaker 2 (09:37):
To Randy Andy. Update Now in the UK, Beatrice has
been visiting mum and dad. They are obviously hold up
at the moment in the Royal Lodge and at Winsor
they've got a lease on that place, by the way,
till twenty seventy eight, so Andrew will stay there until
basically he's dead. Charles and William continue to disavow him,
distance him themselves from him, and they have done that
(10:00):
by scrubbing out on the Buckingham Palace website. They've scrubbed
out the Duke of York title, so all references to
the Duke of York have been axed from Royal dot
UK as of last night, and he's just referred to
now as Prince Andrew throughout Sarah Ferguson. Meanwhile, her handle
the Duchess, Sarah the Duchess is what it used to
(10:21):
say on X Now it says Sarah M. Fergie fifteen.
There you go five twenty Bryan Bridge. So inflation hit
three percent for the year to September. That's up from
two point seven. This is what they said would happen.
While it's happened, Big culprits, no surprises here, rates, electricity
rent blame game has begun. Of course. The main contributors
(10:42):
are those three things, and this is what the PM
had to say about it yesterday's Classic Council.
Speaker 4 (10:46):
So they've got to focus on the things that matter
most of their ratepayers are not all the extras.
Speaker 2 (10:51):
Seymour, So, I didn't see this yesterday, but he's still
not keen on a rates cap.
Speaker 8 (10:55):
If you've solved the problem of a cost blowout, do
you still need it?
Speaker 1 (10:58):
And if you can't solve the problem of the cost blowout,
is it gonna work?
Speaker 2 (11:02):
Now, let's go to Gisbon rehit stalts this. This is
not our fault. Even though rates are going up, not
our fault.
Speaker 9 (11:08):
Councils don't buy bananas, eggs and appies. We buy steel, concrete, asphelts.
Speaker 2 (11:15):
So the products we use are knock your.
Speaker 9 (11:18):
Everyday household items. So that is why there's a discrepancy.
Speaker 2 (11:23):
Did she say bananas? We don't buy bananas. Labour's finance
pokes from Barbara Edmonds feeling pretty fiery after Labour's policy
announcement yesterday. She came out swinging this is on energy.
Speaker 9 (11:36):
Energy price spike that's higher than it was back to
eighty nine.
Speaker 5 (11:39):
It's like we're going back to the eighties.
Speaker 10 (11:41):
You promise to make it better.
Speaker 9 (11:42):
Your plan isn't working.
Speaker 2 (11:44):
Okay, maybe if you didn't cancel the oil and gas
exploration we wouldn't be in this mess to begin with.
Time now is twenty two minutes after five right to
the stock market we go record stock increases over in
the US. You would have seen this bulls charging, but
Wall Street's getting pretty defensive, shifting to defensive stocks. So
(12:06):
you utilities, your health care, you consumer staples. When things
get a bit jittery, you go and put your money
into a bunch of companies that people have to buy from. Electricity,
you know, drugs grow through that sort of stuff. So
that portion of the S and P five hundred is
going to lead the market for the first time this
(12:26):
month since June of twenty twenty two. That tells you
that investors are a little bit worried about a slowdown,
pulling back on your retailers, your home building, you know,
your air your airlines, that kind of stuff, pulling back
on that investing in stuff that we need, not that
we want, stuff that we can't avoid. So that tells
(12:47):
you something about how people, how investors at least, are
looking at the state of the US economy. Right now,
twenty three minutes after five year on news talks, you
b got a few things to tell you about the
rates cap idea Next the early.
Speaker 1 (13:00):
Edition full show podcast on Iartradio Power by Newstalks.
Speaker 2 (13:04):
IV five twenty five News Talks EV. A rates cap
is one of those policies that immediately sounds so appealing.
Doesn't it look no further than yesterday's CPI number. It's
one of your top three inflation feeders rates. So throw
a cap on him, tie their hands behind their backs,
rain these guys in get rid of the one hundred
thousand dollars bike rack over here, the multi million dollar
(13:27):
disco toilet over there, the coffee machines for staff over there,
and practice though, how do you actually make it work
without starving these councils of revenue? They actually need to
fix the pipes. I spoke to Ben Bell from Gore yesterday.
He said almost ninety percent of their spending goes on basics,
pipes and roads. The rest is nice to have, which
(13:49):
he described as libraries and swimming pools, no club sandwiches.
At the council meetings in Gore, they are drinking instant coffee.
I can report to you this morning, and yet Gore's
rate increase have been double digit or close to it
for several years. They'll be close to double digits again
this year. And despite that, and the voters knew it,
the good people of Gore have re elected Bell for
(14:11):
a second term quite handsomely. So we say we want
lower rates, of course we do, but the question is
what will it cost us? Will capping them actually hurt
us a local economy productivity efficiency if you delay or
shelve projects. Last week Wayne Brown told me on Herald
Now that Auckland could have a zero increase next year.
(14:32):
Doesn't that sound amazing? A zero increase next year if
it wasn't for the City rail Link, the spending coming
online for the city railing because it's opening up, it's
a major transport project. It'll in theory benefit Auckland and
the country who paid for it. Well, we all did,
the jaffers and the taxpayers. If we want lower rates,
(14:53):
we could just not run any trains on the tracks.
But is that sensible? Don't get me wrong here. I
am the first to criticize the big spending bozos who
chuck money at dumb stuff. But most council spending isn't that.
Most of it is stuff that we need. D Day
is looming for the government's plan to cap rates and
(15:15):
it needs to be a measured response. We need spending
on pipes and roads to continue and waste on disco
lose somehow flush down the duney Brian bread the number
two text. Would like your views on that one. Now,
this is an amazing science story from Overnight fixing blindness.
(15:36):
They can pretty much do this now if it's age
related loss of sight. So an electronic eye implant, it's
about it sort of looks like a little sim card
and it's about the thickness they reckon of a human here,
so tiny little thing and they implant that into the retina,
which gross, okay, gross, but the results are pretty incredible.
(16:00):
Thirty eight elderly patients were in this trial and they
regained the ability to read letters, numbers, and words, basically
got their site back. And it was eighty four percent
of them were able to do this. They're calling it
a revolutionary new implant, the first ever device to enable
people to read letters, numbers and words through an eye
(16:20):
that has lost its sight. Just incredible. You can use
the glasses. They put it under your eye and then
you're able to use AI. There's something clipped to your
waist to zoom in on stuff. That you're looking at.
So you you know, basically like if you've got a
phone and you see an older person with a phone
and you see how large the text is on that
(16:41):
phone and you think, wow, they must be blind. Well,
they probably are a little bit, and this might actually
reverse some of that. Hey very quickly for you. This
is an update from Australia. They've accused China with interesting
timing with elbow over in DC at the moment, but
they've accused China of releasing flears over one of their
patrol jets in the South China Sea, so a bit
(17:02):
more of that. Arjibarji're going on a lot of disputed
territory over South China seed so Chinese reckoned, the Aussies
flew into the area space of course, that's all contested.
News Talks VB will look at these roads of national
significance before six.
Speaker 1 (17:26):
The first word on the News of the Day Early
edition with Ryan Bridge and r V Super Center explore
r v's accessories and servicing all in one.
Speaker 2 (17:36):
News TALKSB just more away from six year on. News
Talks VB will get to the roads of national significance
and tolls before six o'clock also Donald de Mayo out
of Australia for US councils and rates caps. This is
the idea, this is the one the government's going to progress. Ryan.
All the big projects and roads used to be covered
(17:58):
by the government, not local council. This is from Graham.
They put it on councils, then they added GST. I say,
give the councils back the GST. That's one way you
could do it, Graham. Larry says, cost council cost budgeting,
starting with their inflated payrolls. Please payrollers around twenty five
to thirty percent of the council costs. Start there. Hack
it away. Now this is interesting. So we've been speaking
(18:22):
this morning about the fact that we've got Albanezi, the
Australian Prime Minister, over in DC. He's at the White
House meeting with Trump and he's had to take along
the wet blanket that is Kevin Rudd, and so Kevin
rudds in the room. He's taken along as Resources Minister
as well, because obviously Trump wants some rare earth. Anyway,
(18:42):
Ruds in the room. And remember what Rudd said about
Trump years ago and what he's tweeted a couple of
times about him, but he said it was to the
effect of the most destructive president in US history, is
how he described Trump. And so then the reporters in
the room cleverly asks Trump a out run. Have you
had any concerns with this administration and stance on Palestine,
(19:05):
climate change, or even the things the ambassador said about
you in the past, as strain ambassador.
Speaker 3 (19:10):
I don't know anything about him. Man, if you said bad,
then maybe he'll like to apologize. I don't know. Did
an ambassador to say something bad about it?
Speaker 2 (19:19):
Don't tell me.
Speaker 4 (19:19):
I don't Where is he?
Speaker 3 (19:21):
Is he still working for you? Yeah? You said bad?
I don't like you either, and probably never will.
Speaker 2 (19:33):
Twenty two away from six Prime Bridge to reporters around
the country, Color Proctor and Dneedin this morning, Calum, good morning, morning.
Speaker 11 (19:40):
Right.
Speaker 2 (19:40):
What's this new luxury adventure offering you've got down South?
Speaker 12 (19:44):
Yeah, Look, it's a Milford Sound business class adventure. It's
a new experience for South Island travelers, taking it to
the next level in that part of the world. What
the guests will enjoy his accommodation in Mercedes vans to
an exclusive lounge and tiano before continuing on to Milford.
Then they bought a cruise boat turned floating restaurant with
(20:07):
a menu designed by Michelin trained chef reel In. Zed
says there is a gap in the market for this.
Lots of cruises through Milford are very similar, so this
one will stand out. They say, a lot of guests
from around the world want this type of business class experience.
Speaker 2 (20:21):
How's your weather?
Speaker 12 (20:24):
Another strong win watched for us today Here strong gusty westerlies.
Otherwise find the high sixteen today. Cheers Callum and Clare
and christ Church this morning, clear, good morning.
Speaker 13 (20:33):
Good morning.
Speaker 2 (20:33):
We've got earthquake repairs happening at Burwood.
Speaker 11 (20:36):
Yes, at Burwood Hospital, fifteen years after the fact that
Ryan this is come to our attention after a tender
for a construction contractor became available on their government's website,
Health and Zed is seeking a firm to carry out
some extensive work across at three of Burwood Hospital buildings.
It says the minor Surgery building will need existing walls
(20:58):
and suspended ceilings stripped before being refitted for use for administration,
while the spinal hospital building requires quake strengthening and repairs
to walls and ceilings. There's also some work on the
old administrative building, which needs partial releveling of the foundation
floor slab. News Talk SB has approached Health and Ed
for comment.
Speaker 2 (21:18):
On why this is happening now, all right, how's you
wear that?
Speaker 1 (21:21):
Fine?
Speaker 11 (21:22):
Aside from the chance of an early shower, strong Northwesterly
is casting one hundred kilometers an hour in exposed places.
Speaker 2 (21:27):
The high twenty two brilliant. Thank you Max and Willington Max,
good morning, good morning, not one but two tunnels coming
your way.
Speaker 7 (21:34):
Yes, for the price of well two a two point
ninety three point eight billion dollars. That's the price tag,
not just for this long promise second Mount Victoria tunnel,
but a duplicate Terrace tunnel as well, and an extra
lane further city. This announced by the government yesterday. They're all,
it is likely to be told that has felt inevitable.
(21:55):
The Transport Agency is currently looking over everything. We also
have a mock up of what the Mount Very tunnel
would look like. It would essentially split traffic in two
heading in and out of the city, two lanes each,
two effective separate tunnels and a closed off walking path
as well. It would mean three lanes down Vivian Street
rather than the current two. That's the road that goes
(22:15):
through the middle of the city heading out towards Kent
and Cambridge. Terrace's fair play national singing to its campaign
promise spades in the ground. Still is the expectation regarding
Mount Victoria by the end of the first term construction work.
It is all being fast tracked and there will be
public consultation as well.
Speaker 2 (22:33):
They seem to be opposing ideas fast track and public consultation. Hey,
interesting listening to Bishop us today talk about if you
could do the Mount vic tunnel and not do the
terrist One, but you would just shift the problem. You
actually need to do both of them at the same
time to solve it. Do you think Wellingtonians will care
about the toll paying the toll? Would you care?
Speaker 7 (22:53):
I think we're pragmatic people and I think we understand
that when you get luxurious transport plans like this, they
have to be paid for, right. They may not be
happy about it initially, but they'll get used to it,
like most places with toll roads.
Speaker 2 (23:06):
Yeah, I think you're right. How's your wear? The Max
Rainy and very Wendy seventeen The High brilliant. Thank you,
Neva and Auckland morning, Neva, good morning. Are Wesley College
thuggery and beatings rife?
Speaker 10 (23:15):
Yes, And the former students of Wesley College have come
out and they're saying, hey, look, there's been right for
the school for decades. Because this has all happened. Because
the school's just announced the closure of its hostels. This
will happen at the end of the year amid reports
of violence and safety and culture concerns. The Herald has
got a great story on this. This is leading the
(23:38):
Herald this morning. One nineteen eighty nine student told the
Herald that he witnessed several students hit in the body
with pillow cases filled with objects like soap and drink bottles,
and another student from the seventies said that he's got
vivid memories of Caning's leaving you know, these large black,
bleeding welts. So yeah, not good, not good?
Speaker 2 (23:59):
How's that? Where can you cheer us up with that?
Speaker 3 (24:01):
No?
Speaker 10 (24:01):
Not really, no, you just like here, Look, there's no rain,
but it's cloudy and it's particularly windy, just like the
rest of the country. That spring kind of weather, isn't
it this time of the year. But it is going
to be warm. Twenty two is a high year in augrillid.
Speaker 2 (24:14):
And thank you never seventeen away from six year on
News Talk said, but by the way, the big mega
strike that's happening, well, it's just getting bigger. It's snowball
and getting bigger and bigger as it travels down the mountain.
And who's joining the party? Acc Union members who you know,
grind my gears because they're the guys who was so
upset about having to go back to work three days
(24:36):
a week into the office. So they were having two
days a week in the office. Now they have to
do three. The poor we thinks by striking, I mean
they probably would have been at home anyway. Will anyone
actually notice that the ACC union members are on strike,
that's the question News Talk said. B If you run
a small business, you know the pain of waiting to
(24:58):
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and then you spend weeks chasing people up like some
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This means less admin less marking around with the paperwork,
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which is running your business. It's secure, it's instant, and
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(25:40):
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Speaker 1 (26:00):
A correspondence with ends in eye insurance, peace of mind
for New Zealand business.
Speaker 2 (26:05):
Well so pot roads and tolls and just the second
first on a tomorrow Australia correspondent, Good morning Donna, Good
morning to you. So the PMS in Washington, I see
he's taken his Resources minister.
Speaker 13 (26:16):
Yes, well, we know that this is a very big deal,
this crucial meeting with Donald Trump, because we know that
it's the first formal face to face with the US president.
You know, when he arrived last night, he didn't address
the media at that time. He got straight to a
waiting car and off he went. And we know that
(26:37):
they've been meeting for a little while. They've had four
phone calls since Trump's twenty twenty four election and a
brief encounter in New York in September. But this is
like the proper, full on sit down chat. We know
that just moments ago they signed an agreement on critical
minerals and rare earths. Now these are the things that
are used to make what they call consumer tech like
(27:00):
mobile phones, et cetera. And so Trump actually said all
the deal was negotiated over four or five months or so.
And we've heard from Anthony Albanesi a couple of matches
and he said that Australia has an eight point five
billion dollar pipeline ready to go in that regard. So
that deal has been done. But now they've been taking
(27:21):
questions from media and it's all been very interesting as
that unfolds. But we have heard Albanezi congratulating Trump on
the Middle East ceasefire, saying it's an extraordinary achievement. And
or he also said that we have great friends and
great allies, and this relationship has been forged in the
battlefields of the world.
Speaker 8 (27:42):
So there you go.
Speaker 13 (27:44):
We're just hearing about freedom and democracy. In fact from
Albow as he sits alongside Donald Trump in Washington.
Speaker 2 (27:52):
You go to do a little bit. He goes stroking
while you're in DC. It's just part of the course.
Thanks Don and Donald Mayo, Australia correspondent, just gone eleven
minutes away from six. By the way, the seat numbers
I was telling you about earlier up a percent month
on month, three percent quarter on quarter, six percent year
on year, although volumes a bit lower. The number of heirs.
The bad bit about it. The number of New Zealand
candidates applying for roles in Australia remains up. This is
(28:17):
based on pre COVID levels, so there are still more
people interested in working in Australia than we would normally
see in a pre COVID period. Maybe it's to do
with all their mineral jobs that they've got all the
mining jobs that they've got, right, Ryan, government set aside
a combined total of one point two billion. This is
to get key projects moving in the roads of National Significance.
Program includes half a billion to buy up houses. Tolls
(28:39):
will be the default. James Smith is with the National
Road Carries with me this morning. James, Good morning, Good
morning Ryan. Does the toll I mean, how do you
feel about the tolls? Does that cancel out the efficiency
or the benefit from the fast and newer roads or
is there a net gain?
Speaker 8 (28:55):
There's normally a net gain, Ryan, So normally you get
to the increased productivity cancels out the cost of the tonnel.
Speaker 2 (29:02):
What do you expect with the roads that we have done,
Like I'm thinking North of Auckland, I'm thinking Company Expressway.
What have you seen? How significant has the shift been?
Speaker 8 (29:14):
It's been It has been significant. So what we've seen
is not only slightly faster times, but it's more the consistency,
So the fact that the route is now a lot
more dependable. It's a lot more reliable. So what you
need in our sector is consistency. So you need to
know that if you leave it X, you're going to
(29:35):
arrive at y and you're going to do that on
a consistent basis. So we're seeing that with all of
these projects, they've brought much needed resilience, safety, and productivity
to the network.
Speaker 2 (29:46):
Does that make stuff cheaper for us because you're carrying
our goods, aren't you?
Speaker 8 (29:52):
Yeah, we are, And it slows down the rate of
rate of increase, so everything else is still going up.
So sorry, but yes, you still expect rates to rise,
but it helps soften that blow.
Speaker 2 (30:07):
Do we need do you need some sort of reassurance infrastructure?
New Zealand came out as they saying, we want to
see more bipartisan buy in on this kind of stuff,
especially if it's rons.
Speaker 8 (30:17):
Do you agree, Oh, absolutely, and we've actually seen that already,
so Labor transport spokesmen and have actually already said that
if the projects are actually up and honking, if there's
a change of government, they will honor the projects. So
that's why it's absolutely mission critical that these projects, some
(30:40):
of them we'd been wanning for since the nineteen fifties
for goodness sake, can actually get shovels on the ground
and get moving.
Speaker 2 (30:49):
Appreciate your time this morning. James Smith's National Road carriers
with us. It is eight minutes to six News Talks.
Speaker 1 (30:54):
He'd be get ahead of the headlines on early edition
with Bryan Bridge and r V Supercenter explore RVs accessories
and servicing all in one News talks'b.
Speaker 2 (31:06):
It is six away from six News TALKS'B. The energy
costs we were talking about earlier that fed into the
CPI number that we got yesterday, up eleven point three
percent from a year ago. That is the biggest jump
since nineteen eighty nine, and back then that was caused
by a GST increase, So for a non tax increase,
it was the biggest jumps in nineteen eighty seven, which
is why you're feeling it when you turn your heat
(31:27):
pump on over winter. Gas prices up fifteen percent and
that was the second court and that's just for the quarter,
and that was the second quarter in the road that
they were up over fifteen percent. It is sorry, six
minutes away from six.
Speaker 8 (31:40):
Bryan Bridge.
Speaker 2 (31:42):
Mike's in the studio this morning. Mike, I know you
would have been watching those press conferences yesterday. What did
you make of Labour's artwork? The background?
Speaker 6 (31:50):
It was beautiful, wasn't it? What I what I liked
is that it wandered around the whatever it was called
a start startup with and they said, so, so you
so you need some money and the guy goes, no, no,
we're good. And what about you, mate, you're looking for
a bit of funding, are you? Goes no, no, we're
pretty good, Which is one of the great questions to
come out of the idea is there a shortage of money?
(32:10):
And the answer seems to me to be no. I mean,
if you follow globally these sort of things, there's money everywhere.
Speaker 2 (32:16):
There's everything. There's also already managed by the guardians of
the super Fund, a four hundred million dollar elevate fund
which goes exactly to companies like this.
Speaker 6 (32:26):
It's one of those altruistic ideas that you can't argue with.
You think, oh, yeah, that sounds like that's a nice idea,
isn't it. In the moment you go around saying, well,
who's in charge of it? And what decisions are they
going to make? And what about the risk on return
and stuff like that, there's no answers.
Speaker 2 (32:39):
I think the smart thing that they've done is realize
their own shortcomings and that say that you winners.
Speaker 6 (32:46):
There's probably something in there. Yeah, go get it off
to somebody else. Hey, did you speaking? Which did you see?
That is the charter school for the sports thing? The
greatest thing in the world.
Speaker 2 (32:57):
Excellent?
Speaker 6 (32:57):
Did every single one of us who went to school
really want to just play sport? And and how much
better would we have been if we'd gone to a
school that just elevated sport to a level that we
could go on to greatness? Well, I personally, I mean
as your unco what for some of us who were
athletic we would have were you?
Speaker 2 (33:18):
Yeah? And what what area?
Speaker 6 (33:21):
Look name of sport?
Speaker 2 (33:22):
I'm good.
Speaker 6 (33:23):
I was very good at I was very good at tennis,
and I was very good at basketball.
Speaker 2 (33:27):
If I chucked you in a pool, how well was useless? Absolutely?
You know I didn't think I could.
Speaker 6 (33:30):
I couldn't swim to save yourself.
Speaker 2 (33:32):
But but you know it's a great idea. But what
a fantastical And why would the unions oppose it?
Speaker 6 (33:38):
You know, because they are miserable sobs menas And you've
got to ask old Pipkins is he going to close
them down again like he did last time? Ideology?
Speaker 2 (33:47):
All right, look forward today's show mate, see you tomorrow. Everyone,
have a Great day.
Speaker 1 (33:56):
For more from Early Edition with Ryan Bridge, listen live
to new talks. It'd be from five am weekdays, or
follow the podcast on iHeartRadio
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