May 21, 2025 • 34 mins
On the Early Edition with Ryan Bridge Full Show Podcast Thursday 22nd of May 2025, It's Budget day today, Auckland Business Chamber CEO Simon Bridges and Council of Trade Unions Economist Craig Renney tell Ryan Bridge what we can expect.
Oceans and Fisheries Minister Shane Jones is making a case for Octopus farming, he tells Ryan why it could benefit us.
We had a trade surplus of 1.4 billion dollars in April... the first time we've topped the billion dollar mark in five years, Richard McIntyre Federated Farmers Dairy Chairperson shares what it means for exporters.
Plus, US Correspondent Mitch McCann has the latest on South African President Ramaphosa is meeting President Trump.
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Speaker 1 (00:02):
The issues is the interviews and the insight. Ryan Bridge
on early edition with one roof make your property search simple,
use Talks.
Speaker 2 (00:12):
It'd be good morning, Welcome to your Thursday's budget Day
to day. We'll get to Simon Bridge's former Associate Finance
Minister and the Sea to use Craig Rennie for their pecks.
Superannuation going to be a big topic of discussion this morning.
If you've got views nine to nine two the number
de text. Mitch McCann is in the US for US.
Trump's been meeting with the South African counterpart. We will talk.
(00:34):
There's still actually going in the Oval Office. We'll talk
about that later in the program. Our reporters around the country.
Of course, Shane Jones wants to look at farming octopus,
but I also want to ask him where are we
at with the oil and Gas band bill because it's
basically stalled and we're celebrating our primary sector this morning
after those trade surpus numbers that we had at yesterday.
(00:56):
It is seven minutes after five Thursday of twenty second
of May. At the White House. As I mentioned, the
South African President Cyril Ramaposa is there. He's been visiting Trump.
Trump says white farmers are fleeing South Africa, with dozens
moving to the US's refugees. Ramaposa denied it. Then Trump
(01:16):
confronted him by playing a video.
Speaker 3 (01:19):
Let me see the articles flares of a you would
and excuse me, turn the lights down. Turn the lights
down and just put this on. It's right behind you.
Each one of those white things you see is across
and there's approximately a thousand of them. They're all white farmers,
(01:40):
the family of white farmers. And those guys aren't driving
their stuff there to pay respects to their family member
who's killed.
Speaker 2 (01:49):
Rama Posa's just sitting there like what is happening? Show
and tell from the president. Meanwhile, Trump's been talking about
building a Golden dime. We spoke about this yesterday. And
guess who's come along saying I want to be covered
by your golden dome. It's Kni from Canada.
Speaker 4 (02:05):
You'll get many defense experts who say that this is
how Donald Trump and know the world leaders should be
looking at defense for the future. The big question is
is Donald Trump being overly vicious now Gaza.
Speaker 2 (02:18):
Obviously there are growing calls for aid for the Palestinians.
Israeli officials say ninety three trucks are being let in.
The UN says teams have not been able to distribute
the aid that they're bringing in.
Speaker 5 (02:30):
We started to see malnutrition go down, we started to
fix fad the points. We got medicines in the hospitals,
but it was five hundred trucks a day, and we're
not seeing anything like that right now, a tiny, tiny fraction.
So if we're serious, if the government is serious about that,
then the United Nations and very brave partners are ready
to go. But early stages so far, I'm not.
Speaker 2 (02:51):
Looking good now. Jas Thornton, she's the mental health advocate
blessed her. I think she does great work, but I
think she's completely wrong. She came out yesterday and basically
against the ban on social media for kids. She reckons
the band could lead to more kids taking their own lives.
Speaker 6 (03:08):
There's been kids that say that they would not be
here if it wasn't for that.
Speaker 2 (03:12):
I just think so.
Speaker 6 (03:13):
Much more needs to be looked at and assessed because
I think we're going to lose more kids from something
like this.
Speaker 2 (03:21):
The evidence, if that's what you want to go off,
the overwhelming evidence is that phones are making our kids mental.
They're making them depressed, They're making them anxious, the worst
thing for their mental health. Nine after five Get.
Speaker 1 (03:38):
Ahead of the Headlines on early edition with Ryan Bridge
and one roof Make your Property Search Simple News talks
that'd be.
Speaker 2 (03:46):
Lots of stuff for you this morning. Trump's big beautiful
bill trying to get through the House. We'll look at that.
We've got new seak numbers. We got this Reserve Bank survey,
the first one that they've done, asking businesses, how do
you feel about inflation? What's going to happen with inflation?
It's not good. We'll get to that later. But I
was just wondering for people who are reading the news,
(04:08):
did you see this story from Kate McNamara at The
Herald yesterday. She's a business journalist. She did great stuff
during COVID. Anyway, she's had a look at David Seymour's
Regulatory Standards Bill because it's been introduced to the House
this week. And I was talking to a friend about
this on the weekend. Is anybody on board with David
Seymour and his crusades at the moment? I don't know.
(04:30):
I just feel like they're maybe not quite achieving the
things that they set out to achieve while also costing
us a shite ton of money. So here's a look
at this. So it's basically it's very complicated and convoluted process.
But you've got to go away and measure all of
the current bills that exist and all future bills, measure
(04:54):
those against the set of standards that the regulatory standards,
and there'll be a new statutory boards set up. Oh
that sounds expensive. It's all run by the regulation Ministry
Ministry of Regulation, which again he has set up. None
of this stuff is binding, so you will end up
surely it will be like you know, measuring things against
(05:16):
climate change standards or whatever, you know, another well being standards,
another bunch of measures you measure against. Recommendations get made
and then get ignored. None of it's binding, and the
cost Kate McNamara reckons twenty million dollars a year for
twenty years. And what's worse, impossible to identify any benefits
(05:38):
at this stage. I mean, if this was just if
the shoe was on the other foot and just Sindra
Adur and said I've got this amaze as she did,
you know, with the well being amazing idea, and we
need to measure this against that, and I'll set up
a working group and I'll set up a board and
it's going to cost you this much. And by the way,
I can't tell you how much it will save us.
You would be furious, wouldn't you. And the Ministry for
(06:01):
Regulation seventy staff, seventeen fixed term, the average salary one
hundred and fifty thousand dollars. And I had a look
on their website their news releases since they've been set
up basically couple of reviews. You know, you'll probably be
able to get a beer at your hairdresser or a
glass of wine if you want. There'll be no hot
water at the daycare as of compulsion, but really twelve
(06:25):
after five News Talk se B Bryan Bridge coming up next.
We're going to talk to Federated farmers because the primary
sector has been driving our export growth and there's a
lot to celebrate. This morning News and Views.
Speaker 1 (06:39):
You trust to start your day is early editioned with
Ryan Bridge and One Room Make your Property Search Simple.
Speaker 2 (06:46):
News TALKSB just gone quarter past five, so we've got
to seek employment data out. This is their job ads
report for April. The job ads are up one percent
month on month. The applications per ad down three percent
month on month. This is good. This is the fourth
month of growth this year. The annual rate of decline
is that it's lowest since December twenty twenty two, so
(07:09):
that is good too. I mean, it's not taking off
a modest recovery you might call it, or at least stabilizing.
Volumes were up as well, solid growth in some big
regions or cleaned up three percent for volumes. Why count
up four percent for volumes and year on year growth,
which is quite a different beast Otago up one percent,
Tasman up four percent. They are among just a handful
(07:32):
of regions where that actually happened. The industries ten percent
jump for retail and IT up seven percent month on
month and seven percent year on year. So we love
an IT expert a month or two. Well done. Largest
rise in job adds month on month, up ten percent
from March. This is sixteen after five now. Grime bred
(07:53):
climbary sector has helped drive an April trade surplus of
one point four billion dollars, first billion dollar surplus in
five years. For the month it was a five hundred
sorry a twelve million dollar deficit the same time last year.
Dairy the big winner, up six hundred million dollars on
last year to a total of two point two billion.
Milk powder alone brought in a billion bucks, up thirty
(08:15):
two percent on last year. Richard McIntyre, Federated Farmers Dairy Chairperson,
with me this morning, Richard, Good morning, Good morning, Ron.
So this is something worth celebrating, is it? Can you
put it into context? Everyone's saying our farmers are creaming it.
I'm paying too much for my butter. What do you say?
Speaker 7 (08:32):
Well, first, all right, there'll be a heap of dairy
farmers listening to your show this morning with a smile
and the faces just hearing it. You know, we're so
proud of our contribution to the economy and the wider
standing of the center of living that we help New
Zealand degenerate. Sorry, but look, yeah, there's there's a lot
going on in the space. You know. Definitely, milk prices
(08:53):
a rising the same way that everything else is rising
at the moment. But you know, dairy farmers aren't agreement.
We are doing a right at the moment, but our
costs have gone up so much over the last few
years that you know, in all reality, all we're doing
is making a reasonable margin at the moment.
Speaker 2 (09:08):
Yeah, on farm inflation and just whacked you guys for sex,
didn't that? So does this how long do you? I mean,
I saw the ASB numbers for predictions for next season.
It's looking like it could be which starts shortly, could
be a good one.
Speaker 7 (09:22):
Too, Yeah, definitely, you know, it's all indications are that
next season is going to be around the ten door
mark at the moment, but there's still a lot of
volatility out these internationally, so you never really know until
until you're told you've got it, you know, a year later.
But look, on farm costs are still sitting around the
eight dollar fifty markers, so you know, there's about a
dollar fifty margin for the average farmer at the moment.
(09:43):
So we're cidering, not cream it. But it is certainly
a good time for the dear industry.
Speaker 2 (09:48):
How can it be cheaper to get butter from Australia?
You know, you see these stories of bakeries going to
Australia to get their butter rather than buying it from here.
Speaker 7 (09:57):
Well, it's a good question. So you know, New Zealand
dairy products attracted premium because they are grass fed, their safe,
their nutritious, and they've also got the lowest greenhouse gas
emission footprint in the world, and so you know, international
customers are prepared to pay a premium for them, so
so often it is actually cheaper to import. I enjoy
(10:18):
saying this, but your farey Australian product.
Speaker 2 (10:21):
Richard, Thank you, nice explanation. Richard McIntyre, dairy chairperson at
Fed Farmers, appreciate your time. Eighteen minutes after five, Shane
Jones calling a next on octopus and also is oil
and gas band.
Speaker 1 (10:32):
Ryan Bridge on a barly edition with one roof make
your property search simple used talk zibby.
Speaker 2 (10:39):
Shane Jones is keen to farm native octopus. At twenty
one after five. There's money to be made, he reckons
animal rights activist groups unsurprisingly matters how at Auckland University
for doing a million dollar tax payer funded study into
the farming of native octopus. The Oceans and Fisheries Minister
with me this morning. Shane, good morning, thanks, good to
have you on the phone. Now, can I just before
(11:00):
we get to the octopus, where's your oil and Gas band?
Reversal bill.
Speaker 8 (11:04):
At as soon as we passed the various bits of
legislation detaining to the budget, it's next up. It's all drafted.
Speaker 2 (11:15):
Okay.
Speaker 8 (11:15):
There was a bit of a there. There were a
few things I had to correct because there was a
debate with the industry and myself over who and how
should the burden of paying for the tidy up after
an oil and gas enterprise finishes up.
Speaker 2 (11:31):
The decommission got through sensible place. Okay. Interesting, so you've
got you've done your deals, you've got the bill ready
to go, and it'll happen after the budget because it
was meant to happen by the end the end of
last year. Right, So you finally got it across the line.
That's good tonight.
Speaker 8 (11:46):
Yeah. Well, basically what happened is the guys from the
industry felt that we had taken an approach which actually
disincentivized them spending more money. I took an approach to
protect the in your base of the country, worked it
through with one of two of the key senior ministers,
(12:06):
and look, it's drafted and ready to go.
Speaker 2 (12:09):
What have you done to allay their fears?
Speaker 8 (12:13):
Well, we need to ensure that when decommissioning takes place.
That it's done not at the level of the taj Mahal,
but it's comparable with international best practice. But at the
same time, if it comes to pass that some of
the infrastructure has to stay in place, providing that we've
(12:35):
closed off the possibility of spillage of any residual oil
and whatnot. And without sounding too trick, common sense rule
the roost.
Speaker 2 (12:46):
So what you could leave some platforms out there?
Speaker 8 (12:48):
No, no, no, no. In other countries around the world,
obviously the platforms disappear. Other countries are exploring were not
those cavernoists areas under the seabed, as they're large enough
that can be used in terms of climate change areas
carbon and stuff like that.
Speaker 2 (13:07):
But give us and give us a sense, what would
you let stay on the seabed.
Speaker 8 (13:12):
Oh look, when we spent the three or four hundred million,
I can't exactly. There's a crowd called Tamar and they're
the ones who created the problem three or four years ago.
The crown ended up absorbing the costs because they fled
like butter and Kelnie Hobson, and we took an approach
at every single thing had to be taken from the
(13:33):
bed of the sea, the foundations, any residual pipework, and
we've left an opportunity for a future minister and the
owners of the assets to meet a high threshold. At
the same time we can make a judgment.
Speaker 2 (13:54):
So you could leave at the point which you could
leave the foundations and the pipes on the ground. Well,
that's what they do another party, all right, Well, you
know what the Greenies will say about that. They won't
be happy, Shane.
Speaker 8 (14:06):
Yeah, I do tend to trigger them, but the fact
of the matter is if we are unable to continually
rather generate an economic surplus in New Zealand, we're not
going to be able to afford the cost of their rhetoric. Anyway,
I'm taking them on next week. They're having a protest down.
Speaker 2 (14:23):
And what about the lowering of the royalties to incentivize
foreign companies, foreign investors. You ruled that out.
Speaker 8 (14:34):
No, what I'd say is just play attention during the
course of the day, That's all i'd say.
Speaker 2 (14:43):
So come on, Shane, look at five twenty five in
the morning, no one's listening.
Speaker 9 (14:47):
Let me know, Hey, buddy, don't deprecate yourself.
Speaker 2 (14:51):
No, I'm just kidding, But seriously. That is that is
an active issue potentially lowering royalties.
Speaker 8 (14:58):
Well, no, what I'd say is that what's active is
that if we're who half, we're not happy about using
mountains of coal, then we've got to do things that
stir a greater level of interest and boost the risk
taking appetite for the gas industry and just stitches ti
ho during the course of the day.
Speaker 2 (15:18):
Okay, I haven't asked you about octopus. Does it taste nice?
Speaker 8 (15:23):
Yeah, it's called feki mutu. Dungy was an octopus pursuer.
But what I was really hoping to check to you about. Sorry, Yeah,
well you're right, it is nice. I had an auntie
who used to sort of and if you go up
the islands and I had an auntie. When you've got it,
you've belted it and then you sort of softened it up.
Speaker 2 (15:45):
But all, hey, minister, I've just been told that I've
actually spoken to you for far too long, so we
have to leave it there. I'm afraid, but I do
appreciate you coming on the program. Shane Jones, the Ocean
and Fisheries Minister. It is twenty six after five the.
Speaker 1 (15:58):
Early edition full the Show podcast on iHeartRadio powered by.
Speaker 2 (16:02):
News Talks AB News TALKSB. It is twenty eight minutes
after five. So you go drilling for oil in New Zealand,
exploring for oil in New Zealand which is currently banned offshore.
Thank you to the previous labor government. But we just
heard from Shane Jones, had him on the program talk
about octopus, which we didn't do. He said, the bill
which we've been waiting for, meant to be passed by
(16:24):
the end of last year. He is going to introduce
that after the budget, told us this morning, and to
appease the industry. He's going to allow them to potentially
leave the foundations of your platforms, the foundations on the
seabed and the pipes too, so you can imagine how
(16:45):
that's going to go down with Chloe Swawbrook today. He
also said, because there was some rumors floating around that
he might lower the royalties on oil and gas to
incentivize players to come into New Zealand, he'd watch this
space and it's budget day of course, so who knows
what could happen. We will be watching that space, minister.
(17:06):
Thank you. We got this new Reserve Bank report coming
your way next plus Mitch McCann is stateside on News
Talk SIBB.
Speaker 1 (17:33):
The news you need this morning and the in depth
analysis Early edition with Ryan Bridge and one roof Make
your Property Search Simple News Talk SIBB.
Speaker 2 (17:53):
New's talking to be twenty four minutes away from six.
It is budget Day. We'll get to Craig Wrennie from
the Lay Party Council the CTU, along with Simon Bridges,
former Associates Finance Minister just before six o'clock. Right now.
Providing I make it to sixty five, and you don't
want to count your blessings, do you, But providing I
make it there, assuming for a second that I do,
(18:14):
I don't expect that I'll be receiving the full pension.
And you know what, I would rather receive less at
a later age than pay more taxes through my working life.
Guess what the number of people over sixty five was
in this country in two thousand and six, four hundred
and ninety five thousand, about half a million. It's increasing
(18:34):
by eighty a day. It will reach one million by
twenty twenty eight. In a couple of years, by twenty
fifty one and a half million. You can see where
this is going compared to the OECD. We have the
highest basic pension paid from general taxes in the OECD,
and of course we've got fewer young people working to
support it. Treasury sees this will blow out. We will
(18:57):
need to increase taxes personally. No oh, thanks, with another
about thirty years on the clock before I get to
this magical age. How much extra tax must I pay?
Which color government will be in charge when the inevitable happens?
Why can't I instead invest my own money, with the
help of compounding returns, hopefully set myself up for my
(19:18):
own retirement. Like most kiwis, I hope and again you
don't count your blessings. I hope I will have invested
wisely and saved adequately to feed and house myself. If
that changes, then a means tested system should always be
a safety net. But at some point we have to
move on from think big on NZ super to something smaller.
(19:42):
We need to put this thing on a diet twenty
two minutes away from Sex now, Calum Procter and de
need for us this morning, Calum and oil spill drill
is being rehearsed in Dunedin today.
Speaker 6 (19:55):
Yeah morning, Ryan, the attag original council here along with
port Otago combined to conduct this exercise to ensure.
Speaker 2 (20:02):
The oil spill responses up to scratch.
Speaker 6 (20:05):
It'll be a six hour long exercise today covering the
deployment and launch of containment equipment, rehearsing, cooperation between port
Otago oil transfer site holders and also council staff. Up
to thirty staff will be involved in this and port
Otago Vessel new Era will be the fictitious source of
the oil leak. The council says they'll be testing their
(20:27):
capabilities of skimming oil from both shore and seasides of
the harbor today.
Speaker 2 (20:32):
How's your weather.
Speaker 6 (20:34):
It's fine today, high cloud increasing later westerlies and seventeen
the high nice one.
Speaker 2 (20:38):
Thank you, calem and Courtneys and crash Roots this morning, Courtney,
good morning, good morning. Now what's going on with this
bus in Selwyn?
Speaker 10 (20:45):
Yes?
Speaker 11 (20:45):
So as basically back to the drawing board on proposed
bus services for the Salwyn district. This comes as the
environment Environment Canterbury is struggling with growing demand and limited funds.
Local democracy reportings. His residents expressed a knee for more
public transport and housing growth areas. Eakend's annual plan proposed
moving to a two or three zone fare structure, with
(21:08):
wymuccary bus users paying three dollars to travel within the
district and four dollars to travel into christ Church. The
third zone, if adopted, would apply in Selwyn, but submissions
on the third zone indicate residents don't want to pay
the proposed targeted rate, so Chair Craig Pauling says they
need to look at other options.
Speaker 2 (21:29):
All right, how's your weather?
Speaker 11 (21:30):
Fine morning, fog or frost like northwesterlyes developing this afternoon
are high of fifteen.
Speaker 2 (21:36):
Good on you Courtney, Thank you, MAXI is willing to Max.
Good morning, Good morning, a big council meeting. This is
a long term plan today.
Speaker 12 (21:42):
Yeah exactly, Not that anyone will care with the budgets
being released this afternoon, but councilors are looking at rates,
for instance, down to about twelve percent the rise. It's
better than it was, still bad. The Council's recommending slowing
down the cycle away roll out, pushing ahead with this
joint regional water entity in lieu of the disastrous Wellington
water hiking. Commercial accommodation rates i e. Making Running an
(22:05):
airbnb far more expensive but I suppose you want hotels
to invest. Most interestingly, in the past week or so
you've had until now with this cost crunch that's happening
in the capital. The council's saying we've got to get
rid us some community projects, which has included Candala Pool.
We just can't afford it. It needs some money to fix.
Andrew Little I came out and said he would save
(22:27):
the pool where he elected mayor. So then a few
days later you had toy Fano, the outgoing mayor, saying
she was now committed to saving the pool. Got the
jump on Little. The system works. The whole thing was
supposed to be sorted out last year, of course before
this airport shares sale debacle.
Speaker 2 (22:45):
Goodness, you keep the pool, you keep the Pagonia house.
Speaker 12 (22:48):
That's all long with the mex mostly fine fifteen the
high Central.
Speaker 2 (22:53):
Fine for a budget. I thank you, Eniabas and Auklaneva.
Good morning reading, I said about Smith and not surprising
because we know that there's been some proper But the
Central Auckland.
Speaker 10 (23:02):
Store yes now end of an era. So this one
hundred and forty five year old business announced yesterday closing
its doors with a final time now this is going
to happen before August, a loss of about one hundred jobs.
Now Smith and Coey's citing absolutely we all know this
reduction and foot traffic, the city center disruptions as reasons
for poor performance. Anne Marie Johnson, now she's the retail
(23:25):
insied spokesperson. She says, look, this is a familiar story
many businesses in areas with this ongoing roading issue. But
she says, you know, obviously, combined with the tough economic time,
simply too hard for some of these companies to continue.
And if you can't get there, you know, I mean,
customers are just not going to.
Speaker 1 (23:40):
Go there around.
Speaker 2 (23:42):
How's say you weather today right.
Speaker 10 (23:43):
Well, early fog or frost's for Auckland becoming partly cloudy.
Seventeen is the high.
Speaker 2 (23:48):
Brilliant, thank you never. It is eighteen minutes away from
six News talks here b we'll get to Craig Rennie
and to Simon Bridges just before six o'clock and Mitch
McCann in the States.
Speaker 1 (23:58):
Next national correspondence with ends and Eye Insurance Peace of
Mind for New Zealand Business Quarter six.
Speaker 2 (24:06):
Two books did big Craig Winni and Simon Bridges on
the budget next to Mitch mccannon state side for us.
Much good to have you back, Ryan, How are you
very well now? Lots to talk to you about this morning.
So we've on Gaza Netnya, who's just spoken. He says, basically,
the war will continue until all parts of Gaza are
under Israeli control. Trump's been speaking this morning, Has he
said anything about it? Not that I've seen.
Speaker 13 (24:28):
Donald Trump has actually been with the South African President
Cyril Ramaposa in the last couple of hours. But we
saw Tom Fletcher from the United Nations say yesterday that
if the AID doesn't get into Gaza, this blockade doesn't
reach Gaza in the next forty eight hours, up to
fourteen thousand babies will die. That shows the seriousness of
the situation. But as you say, Benjamin Etna, who's sort
(24:50):
of full steamerhead, he says, it's still a security issue
for Israel, despite many members on the international community now
telling him that he needs to pull back.
Speaker 2 (24:59):
Now White's South af Frican farmers are being massacred. That's
according to Trump, and he's confronted Ramaposa in the Oval office. Yeah,
this was a dramatic moment and the last hour, donald
Trump met Cyril Ramaposa. The background, of course to this
is that Donald Trump has suggested that white farmers in
South Africa are being massacred.
Speaker 13 (25:18):
He's used the word genocide, and he's even started welcoming
white farmers as refugees to the US. Now, in this meeting,
Donald Trump asked his aides to dim the lights in
the Oval office and started playing this video on a
television that showed clips to back up his claims. And
then he started bringing out newspaper clippings reporting deaths and
started reading their headlines or civil Ramaposa sat next to him.
(25:42):
He said, you're taking people's land away, and in many
cases those people are being executed. It was a very
awkward moment. It threatened to turn into a Zelenski type
meeting in the Oval Office, but Ramaposa remained cool. He
tried to steer Donald Trump in a different direction. Although
it was extremely awkward this meeting, and I don't think
he expected to be ambushed in the way that he was.
Speaker 2 (26:05):
The plane from Kuta. We got an update on that.
We do in the last couple of hours.
Speaker 13 (26:10):
It's been reported that the US has formally accepted that
four hundred million dollar jets and interesting to note that
came up in the meeting with Ramaposa as well. He
said to Donald Trump, I'm sorry that I don't have
a jet to give you, and Donald Trump replied, well,
if you did, I would accept it.
Speaker 2 (26:29):
Goodness me, what a rollercoaster. Thank you merch much. McCann
a stateside for US this morning. It's thirteen minutes away
from Sex. Ryan by it his budget day. It's no
BS debate time. We are going to go to Craig
Renny councilor Trade Union's director of Policy Economists, also on
Labour's Policy Council, and Simon Bridges, former Associate Finance Minister
or Business Chamber of CEO. Good morning, gentlemen, good morning,
(26:52):
Good to have you on. Have we got Craig. Oh
we haven't got Craig. He's really slept in.
Speaker 9 (26:57):
Well that makes it, That makes it really easy, right.
Speaker 2 (26:59):
Yeah, it's a pretty one sided argument. Hey, this talks
super First of all, do you think we need to
increase the age? Do we need to means test? It
sounds like Nichola Willis is going to at least lay
out a path maybe today.
Speaker 9 (27:11):
Yeah, I think I think those changes are good. I mean,
I think you know, what you're seeing is Nichola Willison
wr colleagues being very focused on the long term. I
mean what I would say, though, if that's all they do,
you know, infect at one level and a short term
you know, you're sucking more money depending on how they
structure it out of the economy when actually we need
to see things that are that are getting the growth
going right now. But look, if that's done, I mean,
(27:33):
I think most of you would say, yes, these are
sensible long term changes.
Speaker 2 (27:37):
Is do you think she's doing this and having this
conversation now because we'll won the elections next year, but
because there is so there is going to be so
little in the budget that this could be a better
talking point.
Speaker 9 (27:49):
Yeah. I think you know, you'd say at a high level,
what we're seeing from from here as a couple of things,
which which are both right. Yeah. I mean, one is
this a significant fiscal restraint push after you know we
over it, right and so that is a that is
a good That is a good thing. I think the
other one is some focus on the long term infrastructure
and so on. I mean, I would just simply say, though, look,
it's really tough out there. The Smith and Kobe's story
(28:11):
of the last day, it could be replicated many times,
and business is holding on for years. So I agree
with all of that. But if that's alone what they're doing,
that's not an adequate that's not a sufficient response to
where New Zealand's at. It's simply by itself going to
prolong the cycle we're in. I think what you know
I'll be looking for, actually, possibly, Craig Rennie, I think
what business will be looking for is really strong clear
(28:34):
evidence of the going for growth agenda that provides light
at the end of the time. Now that's the accelerated
depreciation stuff we've heard the rumors of. Actually that could
be if it was done well, a really big tick
for this business.
Speaker 8 (28:45):
This budget.
Speaker 9 (28:46):
If it's just auscurity and not not so much.
Speaker 2 (28:49):
Yeah, I just want to get on the record. I
was the first to bring raise that accelerated appreciation with
the Minister and the key we saver changes too. But
if it could be, because this budget could be because
of you, Ro it's actually the bridge budget. If it
doesn't happen, of course, then just forget over see that.
Speaker 9 (29:06):
It could have been the Bridge's budget. But things changed anyway.
Speaker 2 (29:09):
Hey, what about the key we saver staff. If it
is true that they're going to increase the contribution for employee,
can employees afford an extra one to two percent?
Speaker 9 (29:20):
Well, I suppose that's my point. It's a short term,
long term game. You earn the short term. My worry
would be, you know, actually, right now, they've got to
find things that are if you like countercite picle, that
are getting things going. You know, there's a lot of
talk about the long term, but the short term really
matters to you wrote I thought a cracker of a
column in the weekend. I'm not just saying that to
(29:40):
make you feel good. We've got some of the highest
immigration we've ever seen in lowest immigration, right, that's a
key indicator about economic health. What can we do now
that that turns sentiment around, that gets confidence, and that
keeps these people in New Zealand. So, you know, I
say it again, I go along with the superannuation stuff
as far as it goes. But in the short term,
(30:03):
exture cooker could cause issues if they brought it in
straight away. I personally doubt that over the long tendo Look,
excepting our saving rates need to go up, and there's
been quite a bit of chatter about that.
Speaker 2 (30:13):
Yeah, appreciate your time. Simon. No sign of Craig Simon
Bridges Open Business Chamber of CEO, also former Poth Associate
Finance Minister. On News Talk SEB it is nine to six.
And for those people who are texting and about super
I'm not saying rip the rug out from under our
superinnuitants right now, or even those who are approaching a
(30:34):
retirement age or the age of entitlement, I should call
it rather than retirement age, because no one does that
at sixty five anymore. I'm just saying that I don't
expect to be getting the full hand out by the
time and it's a bit of a way to go.
I get there, Mike's nearly there. He's with us.
Speaker 1 (30:52):
Next the first word on the News of the Day
early edition with Ryan Bridge and one Room your Property
Surgeon Simvil News Talks.
Speaker 2 (31:03):
Six the six on News Talks said be on your
budget day. We've got that big new survey from the
Reserve Bank which was out yesterday and the survey says
businesses expect inflation to pack up again. Great, and this
is across all time periods one year, two year, five year,
and ten year and you go, bugger, you know we
meant to have an OCR cut next week. Is this
(31:23):
going to change the bank's mind? The answers no, But
it's it's a pretty big survey. It's more than six
hundred businesses. The problem that they the reason they don't like,
even though it's just a survey and it's the people's opinion,
is that it becomes a self fulfilling prophecy. If you
think prices are going to increase in your business, then
you start you anticipate that by increasing your prices and
the whole thing snowballs. It is six away from six
(31:46):
Bryan Bridge, good morning, mate. Morning.
Speaker 14 (31:49):
To be fair that still those forecasts are still within
their band, so it's not the end of the world.
Britain had a number out this morning at three point
five or three point six, which was way higher than
they thought and also out side of their band, so
that's their concern. You've been watching Ramafosa unreal. So when
I walk into the Oval office, I mean he must
have known something was coming, given the white South Africans
(32:10):
arrived in the country for the first time in the
last week, so he must have known something was coming.
But I walk into the Oval office and I see
a screen look out and I go, I wonder if
that screen is normally there? And then Trump goes, can
you turn the lights down? And I'm thinking, he loves
a He's good. The prop so basically a tax. And
we had Mitch mccannon about this just beare no I
heard it. But the question is is it having watched it,
(32:32):
is it worse than Zelensky? Or I think it's worse
than Zelensky because Zolensky went went rogue whereas this was
a setup. This was an ambush, a deliberate ambush.
Speaker 2 (32:43):
Well, this Zolensky situation was of more consequence.
Speaker 14 (32:47):
It wasn't consequence by default because Zolensky's in a war.
Where's ramaphosis not But just in terms of you've come here,
I'm going to do you over.
Speaker 2 (32:56):
Well, what it says is, hey, there's a pattern of
behavior now like luxon, do not go near.
Speaker 14 (33:02):
I wouldn't touch the old and he had Ernie hells.
He had them all, he had them lined up, so
it wasn't like he hadn't thought about it.
Speaker 2 (33:08):
Anyway.
Speaker 14 (33:09):
This morning, the budget will talk about that what to expect,
what not to expect and expectations and Steven Joyce, have
you seen the numbers around our run primary sector?
Speaker 2 (33:17):
Yes, just like holding us up.
Speaker 14 (33:19):
I thank the good Lord. It's all on the back
a nice summer, Zsprey. I don't think people understand Zesprey.
Not long ago, this last year, they were going, we
might crack four billion, And you think, is that good?
Speaker 9 (33:32):
Yes?
Speaker 14 (33:32):
It as you compare it to say, grapes and wine.
Wine's two billion, and we talk a lot about grapes
in the wine industry, that's two. Zesbury's four just gone
through five.
Speaker 9 (33:41):
Just like that.
Speaker 14 (33:41):
You know, suddenly you're selling one hundred and sixty million trays.
Now it's two hundred and twenty million.
Speaker 2 (33:45):
Trades, milk powder alone, milki alone.
Speaker 14 (33:48):
It's just beridable what they're doing for this country. And
just imagine that wasn't happening well, and how much trouble
would we be. We're all riding on the backs of
riding on the backs of the primary sector.
Speaker 2 (33:59):
Have a great budge today, everybody, see you tomorrow. Mike
is here with you next again for a new person
On over again.
Speaker 1 (34:13):
For more from early edition with Ryan Bridge. Listen live
to news talks. It'd be from five am weekdays, or
follow the podcast on iHeartRadio
The issues is the interviews and the insight. Ryan Bridge
on early edition with one roof make your property search simple,
use Talks.
Speaker 2 (00:12):
It'd be good morning, Welcome to your Thursday's budget Day
to day. We'll get to Simon Bridge's former Associate Finance
Minister and the Sea to use Craig Rennie for their pecks.
Superannuation going to be a big topic of discussion this morning.
If you've got views nine to nine two the number
de text. Mitch McCann is in the US for US.
Trump's been meeting with the South African counterpart. We will talk.
(00:34):
There's still actually going in the Oval Office. We'll talk
about that later in the program. Our reporters around the country.
Of course, Shane Jones wants to look at farming octopus,
but I also want to ask him where are we
at with the oil and Gas band bill because it's
basically stalled and we're celebrating our primary sector this morning
after those trade surpus numbers that we had at yesterday.
(00:56):
It is seven minutes after five Thursday of twenty second
of May. At the White House. As I mentioned, the
South African President Cyril Ramaposa is there. He's been visiting Trump.
Trump says white farmers are fleeing South Africa, with dozens
moving to the US's refugees. Ramaposa denied it. Then Trump
(01:16):
confronted him by playing a video.
Speaker 3 (01:19):
Let me see the articles flares of a you would
and excuse me, turn the lights down. Turn the lights
down and just put this on. It's right behind you.
Each one of those white things you see is across
and there's approximately a thousand of them. They're all white farmers,
(01:40):
the family of white farmers. And those guys aren't driving
their stuff there to pay respects to their family member
who's killed.
Speaker 2 (01:49):
Rama Posa's just sitting there like what is happening? Show
and tell from the president. Meanwhile, Trump's been talking about
building a Golden dime. We spoke about this yesterday. And
guess who's come along saying I want to be covered
by your golden dome. It's Kni from Canada.
Speaker 4 (02:05):
You'll get many defense experts who say that this is
how Donald Trump and know the world leaders should be
looking at defense for the future. The big question is
is Donald Trump being overly vicious now Gaza.
Speaker 2 (02:18):
Obviously there are growing calls for aid for the Palestinians.
Israeli officials say ninety three trucks are being let in.
The UN says teams have not been able to distribute
the aid that they're bringing in.
Speaker 5 (02:30):
We started to see malnutrition go down, we started to
fix fad the points. We got medicines in the hospitals,
but it was five hundred trucks a day, and we're
not seeing anything like that right now, a tiny, tiny fraction.
So if we're serious, if the government is serious about that,
then the United Nations and very brave partners are ready
to go. But early stages so far, I'm not.
Speaker 2 (02:51):
Looking good now. Jas Thornton, she's the mental health advocate
blessed her. I think she does great work, but I
think she's completely wrong. She came out yesterday and basically
against the ban on social media for kids. She reckons
the band could lead to more kids taking their own lives.
Speaker 6 (03:08):
There's been kids that say that they would not be
here if it wasn't for that.
Speaker 2 (03:12):
I just think so.
Speaker 6 (03:13):
Much more needs to be looked at and assessed because
I think we're going to lose more kids from something
like this.
Speaker 2 (03:21):
The evidence, if that's what you want to go off,
the overwhelming evidence is that phones are making our kids mental.
They're making them depressed, They're making them anxious, the worst
thing for their mental health. Nine after five Get.
Speaker 1 (03:38):
Ahead of the Headlines on early edition with Ryan Bridge
and one roof Make your Property Search Simple News talks
that'd be.
Speaker 2 (03:46):
Lots of stuff for you this morning. Trump's big beautiful
bill trying to get through the House. We'll look at that.
We've got new seak numbers. We got this Reserve Bank survey,
the first one that they've done, asking businesses, how do
you feel about inflation? What's going to happen with inflation?
It's not good. We'll get to that later. But I
was just wondering for people who are reading the news,
(04:08):
did you see this story from Kate McNamara at The
Herald yesterday. She's a business journalist. She did great stuff
during COVID. Anyway, she's had a look at David Seymour's
Regulatory Standards Bill because it's been introduced to the House
this week. And I was talking to a friend about
this on the weekend. Is anybody on board with David
Seymour and his crusades at the moment? I don't know.
(04:30):
I just feel like they're maybe not quite achieving the
things that they set out to achieve while also costing
us a shite ton of money. So here's a look
at this. So it's basically it's very complicated and convoluted process.
But you've got to go away and measure all of
the current bills that exist and all future bills, measure
(04:54):
those against the set of standards that the regulatory standards,
and there'll be a new statutory boards set up. Oh
that sounds expensive. It's all run by the regulation Ministry
Ministry of Regulation, which again he has set up. None
of this stuff is binding, so you will end up
surely it will be like you know, measuring things against
(05:16):
climate change standards or whatever, you know, another well being standards,
another bunch of measures you measure against. Recommendations get made
and then get ignored. None of it's binding, and the
cost Kate McNamara reckons twenty million dollars a year for
twenty years. And what's worse, impossible to identify any benefits
(05:38):
at this stage. I mean, if this was just if
the shoe was on the other foot and just Sindra
Adur and said I've got this amaze as she did,
you know, with the well being amazing idea, and we
need to measure this against that, and I'll set up
a working group and I'll set up a board and
it's going to cost you this much. And by the way,
I can't tell you how much it will save us.
You would be furious, wouldn't you. And the Ministry for
(06:01):
Regulation seventy staff, seventeen fixed term, the average salary one
hundred and fifty thousand dollars. And I had a look
on their website their news releases since they've been set
up basically couple of reviews. You know, you'll probably be
able to get a beer at your hairdresser or a
glass of wine if you want. There'll be no hot
water at the daycare as of compulsion, but really twelve
(06:25):
after five News Talk se B Bryan Bridge coming up next.
We're going to talk to Federated farmers because the primary
sector has been driving our export growth and there's a
lot to celebrate. This morning News and Views.
Speaker 1 (06:39):
You trust to start your day is early editioned with
Ryan Bridge and One Room Make your Property Search Simple.
Speaker 2 (06:46):
News TALKSB just gone quarter past five, so we've got
to seek employment data out. This is their job ads
report for April. The job ads are up one percent
month on month. The applications per ad down three percent
month on month. This is good. This is the fourth
month of growth this year. The annual rate of decline
is that it's lowest since December twenty twenty two, so
(07:09):
that is good too. I mean, it's not taking off
a modest recovery you might call it, or at least stabilizing.
Volumes were up as well, solid growth in some big
regions or cleaned up three percent for volumes. Why count
up four percent for volumes and year on year growth,
which is quite a different beast Otago up one percent,
Tasman up four percent. They are among just a handful
(07:32):
of regions where that actually happened. The industries ten percent
jump for retail and IT up seven percent month on
month and seven percent year on year. So we love
an IT expert a month or two. Well done. Largest
rise in job adds month on month, up ten percent
from March. This is sixteen after five now. Grime bred
(07:53):
climbary sector has helped drive an April trade surplus of
one point four billion dollars, first billion dollar surplus in
five years. For the month it was a five hundred
sorry a twelve million dollar deficit the same time last year.
Dairy the big winner, up six hundred million dollars on
last year to a total of two point two billion.
Milk powder alone brought in a billion bucks, up thirty
(08:15):
two percent on last year. Richard McIntyre, Federated Farmers Dairy Chairperson,
with me this morning, Richard, Good morning, Good morning, Ron.
So this is something worth celebrating, is it? Can you
put it into context? Everyone's saying our farmers are creaming it.
I'm paying too much for my butter. What do you say?
Speaker 7 (08:32):
Well, first, all right, there'll be a heap of dairy
farmers listening to your show this morning with a smile
and the faces just hearing it. You know, we're so
proud of our contribution to the economy and the wider
standing of the center of living that we help New
Zealand degenerate. Sorry, but look, yeah, there's there's a lot
going on in the space. You know. Definitely, milk prices
(08:53):
a rising the same way that everything else is rising
at the moment. But you know, dairy farmers aren't agreement.
We are doing a right at the moment, but our
costs have gone up so much over the last few
years that you know, in all reality, all we're doing
is making a reasonable margin at the moment.
Speaker 2 (09:08):
Yeah, on farm inflation and just whacked you guys for sex,
didn't that? So does this how long do you? I mean,
I saw the ASB numbers for predictions for next season.
It's looking like it could be which starts shortly, could
be a good one.
Speaker 7 (09:22):
Too, Yeah, definitely, you know, it's all indications are that
next season is going to be around the ten door
mark at the moment, but there's still a lot of
volatility out these internationally, so you never really know until
until you're told you've got it, you know, a year later.
But look, on farm costs are still sitting around the
eight dollar fifty markers, so you know, there's about a
dollar fifty margin for the average farmer at the moment.
(09:43):
So we're cidering, not cream it. But it is certainly
a good time for the dear industry.
Speaker 2 (09:48):
How can it be cheaper to get butter from Australia?
You know, you see these stories of bakeries going to
Australia to get their butter rather than buying it from here.
Speaker 7 (09:57):
Well, it's a good question. So you know, New Zealand
dairy products attracted premium because they are grass fed, their safe,
their nutritious, and they've also got the lowest greenhouse gas
emission footprint in the world, and so you know, international
customers are prepared to pay a premium for them, so
so often it is actually cheaper to import. I enjoy
(10:18):
saying this, but your farey Australian product.
Speaker 2 (10:21):
Richard, Thank you, nice explanation. Richard McIntyre, dairy chairperson at
Fed Farmers, appreciate your time. Eighteen minutes after five, Shane
Jones calling a next on octopus and also is oil
and gas band.
Speaker 1 (10:32):
Ryan Bridge on a barly edition with one roof make
your property search simple used talk zibby.
Speaker 2 (10:39):
Shane Jones is keen to farm native octopus. At twenty
one after five. There's money to be made, he reckons
animal rights activist groups unsurprisingly matters how at Auckland University
for doing a million dollar tax payer funded study into
the farming of native octopus. The Oceans and Fisheries Minister
with me this morning. Shane, good morning, thanks, good to
have you on the phone. Now, can I just before
(11:00):
we get to the octopus, where's your oil and Gas band?
Reversal bill.
Speaker 8 (11:04):
At as soon as we passed the various bits of
legislation detaining to the budget, it's next up. It's all drafted.
Speaker 2 (11:15):
Okay.
Speaker 8 (11:15):
There was a bit of a there. There were a
few things I had to correct because there was a
debate with the industry and myself over who and how
should the burden of paying for the tidy up after
an oil and gas enterprise finishes up.
Speaker 2 (11:31):
The decommission got through sensible place. Okay. Interesting, so you've
got you've done your deals, you've got the bill ready
to go, and it'll happen after the budget because it
was meant to happen by the end the end of
last year. Right, So you finally got it across the line.
That's good tonight.
Speaker 8 (11:46):
Yeah. Well, basically what happened is the guys from the
industry felt that we had taken an approach which actually
disincentivized them spending more money. I took an approach to
protect the in your base of the country, worked it
through with one of two of the key senior ministers,
(12:06):
and look, it's drafted and ready to go.
Speaker 2 (12:09):
What have you done to allay their fears?
Speaker 8 (12:13):
Well, we need to ensure that when decommissioning takes place.
That it's done not at the level of the taj Mahal,
but it's comparable with international best practice. But at the
same time, if it comes to pass that some of
the infrastructure has to stay in place, providing that we've
(12:35):
closed off the possibility of spillage of any residual oil
and whatnot. And without sounding too trick, common sense rule
the roost.
Speaker 2 (12:46):
So what you could leave some platforms out there?
Speaker 8 (12:48):
No, no, no, no. In other countries around the world,
obviously the platforms disappear. Other countries are exploring were not
those cavernoists areas under the seabed, as they're large enough
that can be used in terms of climate change areas
carbon and stuff like that.
Speaker 2 (13:07):
But give us and give us a sense, what would
you let stay on the seabed.
Speaker 8 (13:12):
Oh look, when we spent the three or four hundred million,
I can't exactly. There's a crowd called Tamar and they're
the ones who created the problem three or four years ago.
The crown ended up absorbing the costs because they fled
like butter and Kelnie Hobson, and we took an approach
at every single thing had to be taken from the
(13:33):
bed of the sea, the foundations, any residual pipework, and
we've left an opportunity for a future minister and the
owners of the assets to meet a high threshold. At
the same time we can make a judgment.
Speaker 2 (13:54):
So you could leave at the point which you could
leave the foundations and the pipes on the ground. Well,
that's what they do another party, all right, Well, you
know what the Greenies will say about that. They won't
be happy, Shane.
Speaker 8 (14:06):
Yeah, I do tend to trigger them, but the fact
of the matter is if we are unable to continually
rather generate an economic surplus in New Zealand, we're not
going to be able to afford the cost of their rhetoric. Anyway,
I'm taking them on next week. They're having a protest down.
Speaker 2 (14:23):
And what about the lowering of the royalties to incentivize
foreign companies, foreign investors. You ruled that out.
Speaker 8 (14:34):
No, what I'd say is just play attention during the
course of the day, That's all i'd say.
Speaker 2 (14:43):
So come on, Shane, look at five twenty five in
the morning, no one's listening.
Speaker 9 (14:47):
Let me know, Hey, buddy, don't deprecate yourself.
Speaker 2 (14:51):
No, I'm just kidding, But seriously. That is that is
an active issue potentially lowering royalties.
Speaker 8 (14:58):
Well, no, what I'd say is that what's active is
that if we're who half, we're not happy about using
mountains of coal, then we've got to do things that
stir a greater level of interest and boost the risk
taking appetite for the gas industry and just stitches ti
ho during the course of the day.
Speaker 2 (15:18):
Okay, I haven't asked you about octopus. Does it taste nice?
Speaker 8 (15:23):
Yeah, it's called feki mutu. Dungy was an octopus pursuer.
But what I was really hoping to check to you about. Sorry, Yeah,
well you're right, it is nice. I had an auntie
who used to sort of and if you go up
the islands and I had an auntie. When you've got it,
you've belted it and then you sort of softened it up.
Speaker 2 (15:45):
But all, hey, minister, I've just been told that I've
actually spoken to you for far too long, so we
have to leave it there. I'm afraid, but I do
appreciate you coming on the program. Shane Jones, the Ocean
and Fisheries Minister. It is twenty six after five the.
Speaker 1 (15:58):
Early edition full the Show podcast on iHeartRadio powered by.
Speaker 2 (16:02):
News Talks AB News TALKSB. It is twenty eight minutes
after five. So you go drilling for oil in New Zealand,
exploring for oil in New Zealand which is currently banned offshore.
Thank you to the previous labor government. But we just
heard from Shane Jones, had him on the program talk
about octopus, which we didn't do. He said, the bill
which we've been waiting for, meant to be passed by
(16:24):
the end of last year. He is going to introduce
that after the budget, told us this morning, and to
appease the industry. He's going to allow them to potentially
leave the foundations of your platforms, the foundations on the
seabed and the pipes too, so you can imagine how
(16:45):
that's going to go down with Chloe Swawbrook today. He
also said, because there was some rumors floating around that
he might lower the royalties on oil and gas to
incentivize players to come into New Zealand, he'd watch this
space and it's budget day of course, so who knows
what could happen. We will be watching that space, minister.
(17:06):
Thank you. We got this new Reserve Bank report coming
your way next plus Mitch McCann is stateside on News
Talk SIBB.
Speaker 1 (17:33):
The news you need this morning and the in depth
analysis Early edition with Ryan Bridge and one roof Make
your Property Search Simple News Talk SIBB.
Speaker 2 (17:53):
New's talking to be twenty four minutes away from six.
It is budget Day. We'll get to Craig Wrennie from
the Lay Party Council the CTU, along with Simon Bridges,
former Associates Finance Minister just before six o'clock. Right now.
Providing I make it to sixty five, and you don't
want to count your blessings, do you, But providing I
make it there, assuming for a second that I do,
(18:14):
I don't expect that I'll be receiving the full pension.
And you know what, I would rather receive less at
a later age than pay more taxes through my working life.
Guess what the number of people over sixty five was
in this country in two thousand and six, four hundred
and ninety five thousand, about half a million. It's increasing
(18:34):
by eighty a day. It will reach one million by
twenty twenty eight. In a couple of years, by twenty
fifty one and a half million. You can see where
this is going compared to the OECD. We have the
highest basic pension paid from general taxes in the OECD,
and of course we've got fewer young people working to
support it. Treasury sees this will blow out. We will
(18:57):
need to increase taxes personally. No oh, thanks, with another
about thirty years on the clock before I get to
this magical age. How much extra tax must I pay?
Which color government will be in charge when the inevitable happens?
Why can't I instead invest my own money, with the
help of compounding returns, hopefully set myself up for my
(19:18):
own retirement. Like most kiwis, I hope and again you
don't count your blessings. I hope I will have invested
wisely and saved adequately to feed and house myself. If
that changes, then a means tested system should always be
a safety net. But at some point we have to
move on from think big on NZ super to something smaller.
(19:42):
We need to put this thing on a diet twenty
two minutes away from Sex now, Calum Procter and de
need for us this morning, Calum and oil spill drill
is being rehearsed in Dunedin today.
Speaker 6 (19:55):
Yeah morning, Ryan, the attag original council here along with
port Otago combined to conduct this exercise to ensure.
Speaker 2 (20:02):
The oil spill responses up to scratch.
Speaker 6 (20:05):
It'll be a six hour long exercise today covering the
deployment and launch of containment equipment, rehearsing, cooperation between port
Otago oil transfer site holders and also council staff. Up
to thirty staff will be involved in this and port
Otago Vessel new Era will be the fictitious source of
the oil leak. The council says they'll be testing their
(20:27):
capabilities of skimming oil from both shore and seasides of
the harbor today.
Speaker 2 (20:32):
How's your weather.
Speaker 6 (20:34):
It's fine today, high cloud increasing later westerlies and seventeen
the high nice one.
Speaker 2 (20:38):
Thank you, calem and Courtneys and crash Roots this morning, Courtney,
good morning, good morning. Now what's going on with this
bus in Selwyn?
Speaker 10 (20:45):
Yes?
Speaker 11 (20:45):
So as basically back to the drawing board on proposed
bus services for the Salwyn district. This comes as the
environment Environment Canterbury is struggling with growing demand and limited funds.
Local democracy reportings. His residents expressed a knee for more
public transport and housing growth areas. Eakend's annual plan proposed
moving to a two or three zone fare structure, with
(21:08):
wymuccary bus users paying three dollars to travel within the
district and four dollars to travel into christ Church. The
third zone, if adopted, would apply in Selwyn, but submissions
on the third zone indicate residents don't want to pay
the proposed targeted rate, so Chair Craig Pauling says they
need to look at other options.
Speaker 2 (21:29):
All right, how's your weather?
Speaker 11 (21:30):
Fine morning, fog or frost like northwesterlyes developing this afternoon
are high of fifteen.
Speaker 2 (21:36):
Good on you Courtney, Thank you, MAXI is willing to Max.
Good morning, Good morning, a big council meeting. This is
a long term plan today.
Speaker 12 (21:42):
Yeah exactly, Not that anyone will care with the budgets
being released this afternoon, but councilors are looking at rates,
for instance, down to about twelve percent the rise. It's
better than it was, still bad. The Council's recommending slowing
down the cycle away roll out, pushing ahead with this
joint regional water entity in lieu of the disastrous Wellington
water hiking. Commercial accommodation rates i e. Making Running an
(22:05):
airbnb far more expensive but I suppose you want hotels
to invest. Most interestingly, in the past week or so
you've had until now with this cost crunch that's happening
in the capital. The council's saying we've got to get
rid us some community projects, which has included Candala Pool.
We just can't afford it. It needs some money to fix.
Andrew Little I came out and said he would save
(22:27):
the pool where he elected mayor. So then a few
days later you had toy Fano, the outgoing mayor, saying
she was now committed to saving the pool. Got the
jump on Little. The system works. The whole thing was
supposed to be sorted out last year, of course before
this airport shares sale debacle.
Speaker 2 (22:45):
Goodness, you keep the pool, you keep the Pagonia house.
Speaker 12 (22:48):
That's all long with the mex mostly fine fifteen the
high Central.
Speaker 2 (22:53):
Fine for a budget. I thank you, Eniabas and Auklaneva.
Good morning reading, I said about Smith and not surprising
because we know that there's been some proper But the
Central Auckland.
Speaker 10 (23:02):
Store yes now end of an era. So this one
hundred and forty five year old business announced yesterday closing
its doors with a final time now this is going
to happen before August, a loss of about one hundred jobs.
Now Smith and Coey's citing absolutely we all know this
reduction and foot traffic, the city center disruptions as reasons
for poor performance. Anne Marie Johnson, now she's the retail
(23:25):
insied spokesperson. She says, look, this is a familiar story
many businesses in areas with this ongoing roading issue. But
she says, you know, obviously, combined with the tough economic time,
simply too hard for some of these companies to continue.
And if you can't get there, you know, I mean,
customers are just not going to.
Speaker 1 (23:40):
Go there around.
Speaker 2 (23:42):
How's say you weather today right.
Speaker 10 (23:43):
Well, early fog or frost's for Auckland becoming partly cloudy.
Seventeen is the high.
Speaker 2 (23:48):
Brilliant, thank you never. It is eighteen minutes away from
six News talks here b we'll get to Craig Rennie
and to Simon Bridges just before six o'clock and Mitch
McCann in the States.
Speaker 1 (23:58):
Next national correspondence with ends and Eye Insurance Peace of
Mind for New Zealand Business Quarter six.
Speaker 2 (24:06):
Two books did big Craig Winni and Simon Bridges on
the budget next to Mitch mccannon state side for us.
Much good to have you back, Ryan, How are you
very well now? Lots to talk to you about this morning.
So we've on Gaza Netnya, who's just spoken. He says, basically,
the war will continue until all parts of Gaza are
under Israeli control. Trump's been speaking this morning, Has he
said anything about it? Not that I've seen.
Speaker 13 (24:28):
Donald Trump has actually been with the South African President
Cyril Ramaposa in the last couple of hours. But we
saw Tom Fletcher from the United Nations say yesterday that
if the AID doesn't get into Gaza, this blockade doesn't
reach Gaza in the next forty eight hours, up to
fourteen thousand babies will die. That shows the seriousness of
the situation. But as you say, Benjamin Etna, who's sort
(24:50):
of full steamerhead, he says, it's still a security issue
for Israel, despite many members on the international community now
telling him that he needs to pull back.
Speaker 2 (24:59):
Now White's South af Frican farmers are being massacred. That's
according to Trump, and he's confronted Ramaposa in the Oval office. Yeah,
this was a dramatic moment and the last hour, donald
Trump met Cyril Ramaposa. The background, of course to this
is that Donald Trump has suggested that white farmers in
South Africa are being massacred.
Speaker 13 (25:18):
He's used the word genocide, and he's even started welcoming
white farmers as refugees to the US. Now, in this meeting,
Donald Trump asked his aides to dim the lights in
the Oval office and started playing this video on a
television that showed clips to back up his claims. And
then he started bringing out newspaper clippings reporting deaths and
started reading their headlines or civil Ramaposa sat next to him.
(25:42):
He said, you're taking people's land away, and in many
cases those people are being executed. It was a very
awkward moment. It threatened to turn into a Zelenski type
meeting in the Oval Office, but Ramaposa remained cool. He
tried to steer Donald Trump in a different direction. Although
it was extremely awkward this meeting, and I don't think
he expected to be ambushed in the way that he was.
Speaker 2 (26:05):
The plane from Kuta. We got an update on that.
We do in the last couple of hours.
Speaker 13 (26:10):
It's been reported that the US has formally accepted that
four hundred million dollar jets and interesting to note that
came up in the meeting with Ramaposa as well. He
said to Donald Trump, I'm sorry that I don't have
a jet to give you, and Donald Trump replied, well,
if you did, I would accept it.
Speaker 2 (26:29):
Goodness me, what a rollercoaster. Thank you merch much. McCann
a stateside for US this morning. It's thirteen minutes away
from Sex. Ryan by it his budget day. It's no
BS debate time. We are going to go to Craig
Renny councilor Trade Union's director of Policy Economists, also on
Labour's Policy Council, and Simon Bridges, former Associate Finance Minister
or Business Chamber of CEO. Good morning, gentlemen, good morning,
(26:52):
Good to have you on. Have we got Craig. Oh
we haven't got Craig. He's really slept in.
Speaker 9 (26:57):
Well that makes it, That makes it really easy, right.
Speaker 2 (26:59):
Yeah, it's a pretty one sided argument. Hey, this talks
super First of all, do you think we need to
increase the age? Do we need to means test? It
sounds like Nichola Willis is going to at least lay
out a path maybe today.
Speaker 9 (27:11):
Yeah, I think I think those changes are good. I mean,
I think you know, what you're seeing is Nichola Willison
wr colleagues being very focused on the long term. I
mean what I would say, though, if that's all they do,
you know, infect at one level and a short term
you know, you're sucking more money depending on how they
structure it out of the economy when actually we need
to see things that are that are getting the growth
going right now. But look, if that's done, I mean,
(27:33):
I think most of you would say, yes, these are
sensible long term changes.
Speaker 2 (27:37):
Is do you think she's doing this and having this
conversation now because we'll won the elections next year, but
because there is so there is going to be so
little in the budget that this could be a better
talking point.
Speaker 9 (27:49):
Yeah. I think you know, you'd say at a high level,
what we're seeing from from here as a couple of things,
which which are both right. Yeah. I mean, one is
this a significant fiscal restraint push after you know we
over it, right and so that is a that is
a good That is a good thing. I think the
other one is some focus on the long term infrastructure
and so on. I mean, I would just simply say, though, look,
it's really tough out there. The Smith and Kobe's story
(28:11):
of the last day, it could be replicated many times,
and business is holding on for years. So I agree
with all of that. But if that's alone what they're doing,
that's not an adequate that's not a sufficient response to
where New Zealand's at. It's simply by itself going to
prolong the cycle we're in. I think what you know
I'll be looking for, actually, possibly, Craig Rennie, I think
what business will be looking for is really strong clear
(28:34):
evidence of the going for growth agenda that provides light
at the end of the time. Now that's the accelerated
depreciation stuff we've heard the rumors of. Actually that could
be if it was done well, a really big tick
for this business.
Speaker 8 (28:45):
This budget.
Speaker 9 (28:46):
If it's just auscurity and not not so much.
Speaker 2 (28:49):
Yeah, I just want to get on the record. I
was the first to bring raise that accelerated appreciation with
the Minister and the key we saver changes too. But
if it could be, because this budget could be because
of you, Ro it's actually the bridge budget. If it
doesn't happen, of course, then just forget over see that.
Speaker 9 (29:06):
It could have been the Bridge's budget. But things changed anyway.
Speaker 2 (29:09):
Hey, what about the key we saver staff. If it
is true that they're going to increase the contribution for employee,
can employees afford an extra one to two percent?
Speaker 9 (29:20):
Well, I suppose that's my point. It's a short term,
long term game. You earn the short term. My worry
would be, you know, actually, right now, they've got to
find things that are if you like countercite picle, that
are getting things going. You know, there's a lot of
talk about the long term, but the short term really
matters to you wrote I thought a cracker of a
column in the weekend. I'm not just saying that to
(29:40):
make you feel good. We've got some of the highest
immigration we've ever seen in lowest immigration, right, that's a
key indicator about economic health. What can we do now
that that turns sentiment around, that gets confidence, and that
keeps these people in New Zealand. So, you know, I
say it again, I go along with the superannuation stuff
as far as it goes. But in the short term,
(30:03):
exture cooker could cause issues if they brought it in
straight away. I personally doubt that over the long tendo Look,
excepting our saving rates need to go up, and there's
been quite a bit of chatter about that.
Speaker 2 (30:13):
Yeah, appreciate your time. Simon. No sign of Craig Simon
Bridges Open Business Chamber of CEO, also former Poth Associate
Finance Minister. On News Talk SEB it is nine to six.
And for those people who are texting and about super
I'm not saying rip the rug out from under our
superinnuitants right now, or even those who are approaching a
(30:34):
retirement age or the age of entitlement, I should call
it rather than retirement age, because no one does that
at sixty five anymore. I'm just saying that I don't
expect to be getting the full hand out by the
time and it's a bit of a way to go.
I get there, Mike's nearly there. He's with us.
Speaker 1 (30:52):
Next the first word on the News of the Day
early edition with Ryan Bridge and one Room your Property
Surgeon Simvil News Talks.
Speaker 2 (31:03):
Six the six on News Talks said be on your
budget day. We've got that big new survey from the
Reserve Bank which was out yesterday and the survey says
businesses expect inflation to pack up again. Great, and this
is across all time periods one year, two year, five year,
and ten year and you go, bugger, you know we
meant to have an OCR cut next week. Is this
(31:23):
going to change the bank's mind? The answers no, But
it's it's a pretty big survey. It's more than six
hundred businesses. The problem that they the reason they don't like,
even though it's just a survey and it's the people's opinion,
is that it becomes a self fulfilling prophecy. If you
think prices are going to increase in your business, then
you start you anticipate that by increasing your prices and
the whole thing snowballs. It is six away from six
(31:46):
Bryan Bridge, good morning, mate. Morning.
Speaker 14 (31:49):
To be fair that still those forecasts are still within
their band, so it's not the end of the world.
Britain had a number out this morning at three point
five or three point six, which was way higher than
they thought and also out side of their band, so
that's their concern. You've been watching Ramafosa unreal. So when
I walk into the Oval office, I mean he must
have known something was coming, given the white South Africans
(32:10):
arrived in the country for the first time in the
last week, so he must have known something was coming.
But I walk into the Oval office and I see
a screen look out and I go, I wonder if
that screen is normally there? And then Trump goes, can
you turn the lights down? And I'm thinking, he loves
a He's good. The prop so basically a tax. And
we had Mitch mccannon about this just beare no I
heard it. But the question is is it having watched it,
(32:32):
is it worse than Zelensky? Or I think it's worse
than Zelensky because Zolensky went went rogue whereas this was
a setup. This was an ambush, a deliberate ambush.
Speaker 2 (32:43):
Well, this Zolensky situation was of more consequence.
Speaker 14 (32:47):
It wasn't consequence by default because Zolensky's in a war.
Where's ramaphosis not But just in terms of you've come here,
I'm going to do you over.
Speaker 2 (32:56):
Well, what it says is, hey, there's a pattern of
behavior now like luxon, do not go near.
Speaker 14 (33:02):
I wouldn't touch the old and he had Ernie hells.
He had them all, he had them lined up, so
it wasn't like he hadn't thought about it.
Speaker 2 (33:08):
Anyway.
Speaker 14 (33:09):
This morning, the budget will talk about that what to expect,
what not to expect and expectations and Steven Joyce, have
you seen the numbers around our run primary sector?
Speaker 2 (33:17):
Yes, just like holding us up.
Speaker 14 (33:19):
I thank the good Lord. It's all on the back
a nice summer, Zsprey. I don't think people understand Zesprey.
Not long ago, this last year, they were going, we
might crack four billion, And you think, is that good?
Speaker 9 (33:32):
Yes?
Speaker 14 (33:32):
It as you compare it to say, grapes and wine.
Wine's two billion, and we talk a lot about grapes
in the wine industry, that's two. Zesbury's four just gone
through five.
Speaker 9 (33:41):
Just like that.
Speaker 14 (33:41):
You know, suddenly you're selling one hundred and sixty million trays.
Now it's two hundred and twenty million.
Speaker 2 (33:45):
Trades, milk powder alone, milki alone.
Speaker 14 (33:48):
It's just beridable what they're doing for this country. And
just imagine that wasn't happening well, and how much trouble
would we be. We're all riding on the backs of
riding on the backs of the primary sector.
Speaker 2 (33:59):
Have a great budge today, everybody, see you tomorrow. Mike
is here with you next again for a new person
On over again.
Speaker 1 (34:13):
For more from early edition with Ryan Bridge. Listen live
to news talks. It'd be from five am weekdays, or
follow the podcast on iHeartRadio
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