October 28, 2024 • 34 mins
On the Early Edition with Ryan Bridge Full Show Podcast for Tuesday 29th of October, Treasury has put three options on the table to raise Kiwibank's capital and make it a stronger competitor against the big banks. Massey University Banking Expert David Tripe talks through the options with Ryan.
They're a Kiwi staple, but the number of dairies across the country could be on the decline. Business NZ's Ann-Marie Johnson has the reasons why.
It's been another busy weekend of sport - Liam Lawson raises eyebrows at the Grand Prix and the Black Caps beat India in India for the first time. Andrew Alderson has your weekend sport wrap.
Get the Early Edition with Ryan Bridge Full Show Podcast every weekday on iHeartRadio, or wherever you get your podcasts.
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
The issues, the interviews and the inside. Ryan Bridge new
for twenty twenty four on the early edition with Smith City,
New Zealand's furniture vans and a play at store US Talks.
Speaker 2 (00:15):
It'd be good morning, everybody. It is six half to five.
Welcome to your Tuesday morning. Coming up at four six.
Want to buy shares in kiwibank while you might soon
be able to? Andrew Alderson on Liam Lawson that metal
finger Over the weekend, The Death of the Dairy? Is
it really happening? Why is the road told down? Why
(00:36):
is it zero? This weekend? I'll tell you my thoughts
on that. Plus Donor Demayo on the Hiker lost for
two weeks, written by a snake and survives.
Speaker 1 (00:48):
The agenda.
Speaker 2 (00:50):
It is Tunesday, the twenty ninth of October. Philadelphia's district
attorney is taking Elon Musk to court in an attempt
to stop his million dollar daily giveaway for registered voters.
He reckons it's an illegal and unregulated lottery, saying that
all lotteries in Pennsylvania must be run by the state.
Only registered voters who live in a swing state are
eligible to enter the random draw. So far, two people
(01:12):
of one a million bucks political backfire in Japan, the
Liberal Democracy Party has lost its majority in a snap
election called by the country's new prime minister. The party,
along with a coalition partner, won two hundred and fifteen seats,
lower than the two hundred and thirty three majority needed
to retain power.
Speaker 3 (01:30):
I think the people of Japan are telling us to
reflect on what we have done and change ourselves to
better listen to the will of the people.
Speaker 2 (01:39):
The new prime minister is not resigning, and I'll tell
you exactly what happens in a situation like that in
Japan where the party doesn't have a majority later in
the show. Lawmakers and Israeli voting on two bills today
that could see the United Nations Relief Agency restricted inside Israel.
If passed, Staff and aid that it proved would no
(02:00):
longer be allowed to travel through Israel when heading to
other parts of the Middle East. NATO has confirmed North
Korean troops have been assisting Russia with its war in Ukraine.
Speaker 4 (02:11):
North Korean military units have been deployed to the Coursk region.
NATO calls from Russia and the de Perochi to seize
these actions immediately.
Speaker 2 (02:22):
Putins spoke about the issue at the Brick Summit. We
obviously spoke about it last week, not confirming or denying
the use of North Korean troops, but saying it's Russia's
sovereign decision if it wants to use them.
Speaker 1 (02:34):
Ryan Bridge You for twenty forty four on early edition
with Smith City, New Zealand's Furniture Beds and a Playing
Store News Talk zidby just.
Speaker 2 (02:43):
Gone eight after five on your Tuesday morning. Immigration officials
are deciding whether to let Candice Owens into the country.
You might have seen this over the weekend. The Aussies
have said nope, we don't want you. Who is she?
She's American, she's right wing, She's a broadcaster, has about
eighteen million followers on social media apparently, and she has
questioned one of the reasons she's so controversial. She has
(03:05):
questioned some aspects of the Holocaust, but insists she's not
a Holocaust deny. She wants to come here on a
speaking to her, She needs a visa. And when the
immigration officials consider this, they look at a number of
things criminal convictions, good character, their previous deportation history. But
(03:25):
they must also determine whether she is a threat to
public order. Now, if people protest and go a bit feral,
as they did when Posy Parker came here. I remember
Posy Parker and people were throwing juice and going nuts.
Does that mean that others shouldn't be allowed to hear
their views in a democracy, If the threat of the
(03:46):
people who don't like you having a bit of a go,
having a crack, becoming violent potentially is enough to stop
somebody getting a visa, is that fear on those who
want to hear their views, no matter how out there, wacky,
bizarre those views might be. I won't be going to
hear her speak, But should the potential reaction of her
(04:07):
detractors really stop her supporters from having that same experience?
Nine two the numbers text ten after five, Ryan Bridge,
you should have seen this pole this morning in the Hero.
It's an ipsoft pole. It's found that apparently sixty five
percent of kiw support a capital gains tax in some form,
(04:29):
which I mean that's quite the qualifier as an in
some form, we essentially have a capital gains tax already
on investment properties the bright line test. The pole, however,
also says that labor is slowly winning back voters trust
on several key issues and closing the gap on national
with and others. Thirty percent of voters now think Labor
(04:52):
is the party best at dealing with inflation, up from
twenty three percent in February. What fallen over the same
period from thirty nine percent to thirty five percent? Do
we believe this really? Eleven After five News Talk ZIBB.
Speaker 1 (05:16):
The first word on the News of the Day early
edition with Ryan Bridge and Smith City, New Zealand's Furniture
Beds and a playing Store News Talk ZIBB.
Speaker 2 (05:26):
People are back to loving their quarter pounders in America.
You remember last week we reported on the coli outbreak
that killed one person and injured dozens. While they've resumed
their sales over the weekend of beef patties the cola
was founded in the testing so far has found the
results to be negative. There's shares still down seven and
(05:46):
a half percent McDonald's in America after the outbreak last
week fourteen after.
Speaker 1 (05:51):
Five Bryan Bridge.
Speaker 2 (05:53):
Retail advocates say the number of diaries in the country
is on the downward trend as supermarkets cantinue to monopolize
and retail crime continues the Ministry for Business, Innovation and
Employment says there are currently just seventeen hundred registered companies
classified as a dairy or a supret and that compares
to back in twenty eighteen, Retail New Zealand recording about
(06:15):
four thousand dairies and convenience stores around the country. Amory
Johnson is with retailing issues with US Live this morning. Amory,
good morning, We're in it. Great to have you on
the show. First of all, are these numbers actually reliable?
Speaker 5 (06:30):
Well, it's the piece of research that Retailing Z is
about to carry out and update our twenty eighteen figures.
But certainly, on the face of it, it seems pretty likely.
We know that retail has been doing it tough no
matter what sector you're in, and so certainly, just looking
around the streets I reckon that. Yeah, we certainly know
(06:55):
that a number of dairies have closed.
Speaker 2 (06:57):
Yeah, And the other thing I was thinking of, supermarkets
are cheaper, generally speaking, are cheaper than dairies, and in
a cost of living crisis, people are going for the
cheaper option.
Speaker 5 (07:08):
Oh, absolutely, and they always have been. You know, dairies
have been great for just being able to pop in
and buy those extra a few bits and pieces, but
you do pay for the convenience.
Speaker 2 (07:20):
Does it matter if dairies close? I mean, obviously it's
not great for someone like me who loves going there
for that reason. I hate going to the car park
and the supermarket and driving round and around and going
over the juddabars. But apart from that, does it actually
matter whether the supermarket retailers are doing well and the
deiries aren't.
Speaker 6 (07:41):
Well?
Speaker 5 (07:42):
I think it does. I think it does because you know,
people do love their dairies. But you know, like you say,
people shopping habits have changed, and if we want to
keep our dairies open then we need to support them.
But certainly dairies are a real focal point in the
community there. They're very handy to have.
Speaker 2 (08:03):
Yeah, they definitely are a convenience thing, I think, Annory,
thank you very much for that. Anry Johnson, manager of Advocacy,
Advice and Comms at Retail end Z. Great to have
you on the program sixteen minutes after five. Does anyone
else here if they lose their dairy? Are you? Are
you a staunch supporter of your dairy? Do you make
a point of going in. I have quite a good
(08:24):
relationship with my local dairy, so I you know, I
would say we're friendly, and I enjoy going in to
have a chat, and I enjoy going in and stopping
to pick up some milk or whatever it is, and
it is way easier. The other thing that I haven't
mentioned is the bike lanes. Cycle lanes which have in
some places at least kind of put the kibosh on
(08:45):
people stopping and you know, get running into the dairy
for five minutes really quickly. Seventeen minutes after five, you're
on news Talk sa'd be Andrew Ortison next with Sport.
Speaker 1 (08:54):
Get ahead of the Headlines, Ryan Bridge, You for twenty
twenty four on early edition with a City New Zealand's
furniture Beds and a Planet Store.
Speaker 2 (09:03):
News Talk sa'd be nineteen after five. If you feel
like Christmas is getting earlier every single year, what you
are describing, what you're thinking about, is Christmas creep. It
is creeping up on us earlier and earlier. And the
Guardian has done some research to actually confirm this, so
they've said that the data supports the belief that Christmas
themed merchandise, songs and decorations are all appearing ahead of season,
(09:28):
they reckon. There's one Christmas market they looked at in
the UK in Birmingham, which starts on the first of November.
Used to start the first of December and every year
has crept forward ever so slightly. How can you start
a Christmas market on the first of November nineteen after
five and Bridge, I suppose you can. People go and
(09:49):
you sell stuff and want to.
Speaker 6 (09:50):
Be hearing snoopies Christmas in November.
Speaker 2 (09:53):
Ryan, not for me hearing that either.
Speaker 6 (09:55):
Yeah, start of December maybe, yeah.
Speaker 2 (09:57):
I think you can leave it to December. Apparently the
the music used to top the charts in the last
two weeks of December and now it's literally starting from
mid November, right black Caps in India.
Speaker 7 (10:11):
Yeah, that was a phenomenal result and I mean it's
a few days afterwards now, is it, but worthy of
reflection in that I think it's one of New Zealand's
most historic cricket feats.
Speaker 6 (10:22):
For my mind, it's a bit of a holy grail.
Speaker 7 (10:24):
I mean, to win in India sixty nine years in
trying and then to just take a series there just
is to medicine and Mitchell Santner hats off. I mean
just thirteen wickets in the Test match by far and
away his most outstanding performance in the white at least
for New Zealand and India. Not beaten in the Test
series at home since twenty twelve. No Williamson, no Bolt
(10:48):
these days in the side or Williamson's out at the moment,
I just thought it was one for the ages.
Speaker 2 (10:53):
Brilliant. Would it be like someone coming here and beating
the All Blacks Adhaton Park or something?
Speaker 7 (10:57):
Yeah, yeah, it's a bit like I suppose Ireland coming
and winning a series against the All Blacks a few years.
Speaker 2 (11:02):
Awoll, yes they did. All right, Well, that's great. You're
very toughed about this.
Speaker 7 (11:08):
That's that's a bit of a highlight for US cricket
tragics out there.
Speaker 2 (11:12):
Can I just bring up a point that's been bugging
me for the last week please? Last weekend everyone went
nuts and said this was the best weekend of New Zealand,
of sport for New Zealand ever. Yeah, wasn't that just
by chance that there were randomly all these finals we
were involved and on the same weekend?
Speaker 6 (11:31):
Perhaps slight hyperbole right in the circus.
Speaker 7 (11:34):
There's people, you know, touch this in the in the
now or just recency bias is how it's described.
Speaker 2 (11:41):
It is.
Speaker 6 (11:42):
It is because they've been plenty over the years. But
there was a good one.
Speaker 2 (11:45):
I know it was good and I don't want to
take away.
Speaker 6 (11:47):
From men or to burst the bubble.
Speaker 2 (11:48):
No, but just you know, we're not comparing apples with apples.
It's not like we did well at the Olympics. That's
quite a you unmeasurable finite time with a number of
sports and that's you know, you can here year on years.
Speaker 6 (12:01):
It was just an enjoyable time for sports fans to
be engaged. Yeah, across a number of codes.
Speaker 2 (12:07):
Okay, all right, Liam Lawson, so he's given the middle finger.
Speaker 7 (12:14):
I thought you probably struck struck a call with a
number of motorists there on any road in New Zealand
at any given time. I mean, what's your first reaction
when you are annoyed? I mean, I don't know. There's
a temptation to flip the bird, isn't it.
Speaker 2 (12:26):
Yeah, there definitely is. Yes, I think you swear first.
Speaker 7 (12:29):
Yeah, yeah, I was just quite I mean these guys, yeah,
you know, and you're going get threehundred k's or whatever,
your life slashing before your eyes, even if you're a
normal motorist in your life slashing before your eyes.
Speaker 6 (12:41):
Yeah, there is that temptation, isn't it.
Speaker 7 (12:43):
Well, you know I'm going to go down here, but yeah,
I'm going to flip the bird in the in the process.
Speaker 2 (12:48):
So is he? Is he? He's doing all right though,
isn't he?
Speaker 8 (12:51):
Yeah?
Speaker 2 (12:52):
I think so.
Speaker 7 (12:52):
I mean he's probably offended a few people with with
maybe he's been aggressive and he's been forthrighting. Is he's
got to push for for holding this Formula one seat
and he's going to fight for it, and therefore, yeah,
he's some raw reactions probably.
Speaker 6 (13:07):
What you would expect those in those circumstances.
Speaker 2 (13:09):
These Silver firms have won their Constellation Cup for the
third time in fourteen attempts they have.
Speaker 7 (13:15):
I caught some of the back end of that. I
was astonished actually just how dominant they were over the Diamonds.
Given the backstory recent years, Diamonds World champions, et cetera.
This team has just turned around. They've lost a series
to England, they've turned around, they've won.
Speaker 6 (13:29):
The Constellation Cup.
Speaker 9 (13:30):
It was just.
Speaker 6 (13:32):
Pretty much flaws.
Speaker 7 (13:33):
I mean, they had they put the Australian goal shooting
attack under so much the shooting circle under attack, so
much pressure. Grayson Wecky was a star under the hoop,
but she was getting such brilliant ball from the mid court.
Speaker 9 (13:47):
It was just.
Speaker 7 (13:48):
Flying down their time after time and it was just
out and out dominance brilliantly.
Speaker 2 (13:53):
Yeah, well done.
Speaker 7 (13:54):
I mean, fourteen, eleven and eighteen goal victories are now
potentially a clean sweeper in Melbourne tomorrow.
Speaker 2 (14:00):
Another great weekend of sport for years, right up there
with the would we call it the second best weekend
of sport new center Andrew Ortison, will well, just take
good sport full stop? All right, sounds good. Twenty four
minutes after five, You're on News Talks MB.
Speaker 1 (14:13):
The early edition full the Show podcast on iHeartRadio. How
it by News Talks AB.
Speaker 2 (14:20):
You're on News TALKSB. It's twenty six after five on
your Tuesday morning. And the road toll currently sitting at
zero for the long weekend. We are still technically in
the road toll period. It ends at six o'clock. Six
people died last Labor weekend, which is a tragedy the
road toll so far, and we hold out if you're
safe on the roads for the next half an hour.
(14:42):
It will be the lowest labor weekend toll since twenty
thirteen we've had when we had one death on the roads.
Why do we think this is? Why do we think
this has happened this particular weekend? Is it the road
to zero that the previous government introduced, Is that the
fact we've had some road upgrades, some potholes fixed potentially,
(15:03):
or is it just random stats? You know, we should
really be looking at annual averages, not weekend blips which
can jump around a bit, A bit like as I
was talking to Andrew Ordison about earlier, a bit like
our weekend of sport last weekend, which was a bit
of a con job. It just so happened we had
a bunch of sporting finals on the same weekend. It
wasn't like we were, you know, comparing apples with apples
(15:25):
like an Olympics tournament, was it?
Speaker 4 (15:27):
So?
Speaker 2 (15:27):
Was it one of those situations or and here's my theory.
We didn't really travel much this weekend. And this is
based on nothing other than my own experience, But I
was on Wahiki Island at the weekend, enjoying the long weekend.
Beaches were nowhere near as full as they would normally
be and this was on the good day when the
(15:48):
weather was nice. Restaurants same story. The wineries of vineyards
weren't as busy. Is the cost of living crisis affecting
our travel? I think it is. I think it's having
a big impact. Did you go away this weekend? Do
you pack the car, take the kids? Were you driving safely?
Was there lots of traffic? What was your experience? That
(16:09):
is one theory I have as to why our road
toll is currently sitting at zero twenty eight out of five.
Lots of feedback coming in on Christmas, Ryan, Good Morning,
Camart and Pottydoor had Christmas Carol's playing on Sunday? Ridiculous?
Cheers Chris. Apparently the Christmas Market starts at the ASB
(16:30):
Showground next weekend, sorry this weekend, which would be well
start in November, wouldn't it, Ryan, This is on Candace Owens.
The American right wing broadcast are quite controversial. Ryan. We
let Travis Scott in and he causes chaos and violence,
(16:51):
even deaths in the UK. We're hypocritical if we don't
meet her in, says Steve Ryan. I think Candace Owens
should be allowed to come her Instagram and I find
her mostly positive. Ryan. People are staying home this weekend
or like me, working and this one says Ryan, it's
because of the weather forecast. No one wanted to travel.
(17:12):
We called our golf weekend off because of the weather.
So therefore fewer cars on the roads. Is the numbers
text twenty nine minutes after five, we're looking at kiwibank
whether you could buy shares in it one day soon.
Speaker 1 (17:45):
On your radio and online on iHeartRadio Early edition with
Ryan Bridge and Smith City, New Zealand's Furniture Beds and
applying store news talk z be.
Speaker 2 (18:04):
Good Morning, New Zealand, welcome to your Tuesday. Inside the
next twenty five minutes, Donna Tomorrow out of Australia and
key we Bank. Could it be heading for an IPO.
We'll look at that as well. Joe Biden has just
cast his vote, his early vote in the US election
in Delaware. That is news just coming to hand right now.
I wonder who he voted for, Teddy. What's interesting. Over
(18:26):
the weekend, Trump held this rally, this huge rally at
Madison Square Garden in New York City, and people were saying,
why would you go to Madison Square Garden in New
York City when you should be campaigning in the swing states.
There are eight days to go in this election. Apparently
it was all to do with fundraising, so he sold
seats a super maga experience for a million dollars a pop.
(18:49):
This is all about raising money which they can then
use to feed into advertising in the swing states in
the final days. So quite a clever strategy, you might say. However,
what wasn't clever was getting sky Tony Hinchcliffe, the comedian
so called comedian on to do his jokes.
Speaker 5 (19:05):
There's literally a floating island of garbage in the middle
of the ocean right now.
Speaker 10 (19:10):
Yeah, I think it's called Puerto Rico.
Speaker 2 (19:15):
The reason that is not funny is because and wasn't
funny to a lot of Republicans is because this is
a very very tight race, and Pennsylvania is the king
of the swings. It's worth the most Electoral College votes,
it's crucial. Biden won that by eighty one thousand votes
in twenty twenty. Trump won it by just forty four
(19:36):
thousand votes in twenty sixteen. Guess how many Latinos live
in Pennsylvania. Six hundred thousand Latinos. Half of those three
hundred thousand are Puerto Ricans. Is this the time to
be pissing off Puerto Ricans? No, So that's why they're
so upset. It is twenty two away from.
Speaker 1 (19:57):
Six Brian Bridge.
Speaker 2 (19:59):
We're going to our reporters around the country Courtney winter
with our Dunedin us this morning, Courtney drinking rules. There
might be in for a shakeup.
Speaker 8 (20:07):
Yeah.
Speaker 11 (20:08):
The city council is proposing adjustments to its local alcohol
policy to ensure nightlife doesn't come at the expense of
community safety and well being. It says the changes they're
proposing will be minor, but include important updates to the
current policy. Alterations include limiting late night alcohol purchases, standardizing
(20:28):
trading hours for late night venues, and restricting alcohol promotions
off license outlets. The consultation period wraps up in just
over a fortnight. All Right, has the weather today but cloudy,
A few spots of rain from this afternoon clearing to
find this evening a few light winds, a heighth of
fourteen brilliant.
Speaker 2 (20:47):
Have a great day clears in christ Church this morning clear,
good morning to you. An adult playground is going to open.
What is an adult playground.
Speaker 12 (20:55):
I knew you'd like this one, Ryan, Ninja Valley christ
Church is the adult player we're talking about. It's officially
got its final building consent from the council down here. Now,
this is going to be the biggest indoor adventure park
in the country. To give you an idea of a size,
it's in an old warehouse store at the Bush And
Shopping Center near Rickittson. The co owner and chief Ninja
(21:16):
Grant Buzaval, says he's fizzing to be in this position.
He says they're moving into an intensive period now to
finalize the fit out, as well as launched the website
and to conduct some job offers and training of staff.
Busaval says they hope to have an opening date by
the end of November.
Speaker 2 (21:33):
You can come, Ryan, What do you actually do there? Well,
it's like.
Speaker 12 (21:37):
It's like chipmunks, but for adults. It's huge and there's
swings and trampolines and it looks amazing.
Speaker 3 (21:43):
Check it out on Facebook.
Speaker 2 (21:44):
Oh okay, all right, well, have a look. How's the
weather clear?
Speaker 12 (21:48):
Oh, it might be good for an indoor playground today, cloudy,
bit of rain from late morning, possibly heavy northeasterlies at
a high of fourteen brilliant.
Speaker 2 (21:54):
Thank you. Azaria. Hell is with us in Wellington this morning.
Max is obviously slept in or something. Sarry A good morning.
Speaker 8 (22:01):
Here, Yah, I know you missed, sim I'm sorry.
Speaker 2 (22:04):
No, I'm well Saria. You will do just fine. Thank you. Hey.
This first pace to face meeting of the council happening
today after the government's intervention.
Speaker 8 (22:14):
Yeah, another big day at Wellington City Council. City councilors
are meeting publicly for the first time today since the
Government decided it would appoint a Crown Observer. Now they've
previously only met behind closed doors, but this morning's Long
Term Plan, Finance and Performance Committee meeting is open to
the public. Of course, newstalksz'b. We will be there. The
(22:36):
first item on the agenda cuts to the chase Counselors
considering the process for big spending cuts and how to
salvage its long term plan a ten year budget, which
is a bit up in the air. Counselors had to
go back to the drawing board following a decision to
stop the controversial sale of its thirty four percent share
in the Airport. Local government Minister Simeon Brown last week
(22:58):
saying he's waiting on a vice over who will be
that crown observer?
Speaker 2 (23:03):
All right, how's your weather today for that meeting?
Speaker 8 (23:05):
Yeah, a rainy day on the cards. As we say,
it could be a good day for an indoor playground,
perhaps showers arriving late morning, turning to rain for a
time late afternoon or evening, possibly heavy and northwest ly
is becoming strong this morning.
Speaker 2 (23:20):
Those Wellington City Council chambers are essentially an adult playground
at this point. Nevas in Auckland, Hey.
Speaker 3 (23:27):
Never greetings greeting.
Speaker 2 (23:28):
Water Care is getting on top of those pipes.
Speaker 3 (23:30):
Yes, now look that Apparently water Care is saving about
seven million liters of water a day in Auckland. So
the water organization has been running its targeted network improvement program.
This program just hones in on all the leaks and
the water pressure issues around the neighborhoods here in Auckland,
constantly monitoring the flow levels, looking for any unusual spikes
(23:51):
so teams can get in there and fix it before
they get worse. Dave Moore, he's the Smart System's manager.
He says they've stopped half a million leads of water
loss per day. This isn't Western Mangody alone, So that's
got to be good news, better than Wellington. Can we
say that, Yeah, we.
Speaker 2 (24:07):
Can say that, I Watson, do you think that that
the seven million letters is a lot of water to
save a day? And you know how they run those campaigns?
Have a shorter shower?
Speaker 8 (24:15):
Yes?
Speaker 2 (24:15):
I wonder how much that camp You know, us having
a shorter shower saves versus them fixing leaky pints.
Speaker 10 (24:21):
Well, yes, do you have shorter showers?
Speaker 2 (24:23):
No?
Speaker 3 (24:23):
No, I don't know.
Speaker 2 (24:24):
But what terrible. How's the weather today?
Speaker 3 (24:27):
Okay, the weather weather weather cloudy. We've got isolated showers
tuning in to rain for a time this evening, possibly heavy, heavy,
but still warm. Twenty one is the high here in Auckland.
Speaker 2 (24:36):
Brilliant. Neither think you have a fantastic day. It is
seventeen away from six News Talks Big. Because I know
you just can't get enough of me, I want to
tell you about an exciting new project that's just been launched.
I'm hosting a weekly podcast called Bridge Talks Business with Milford.
Each episode, I'll be getting together with a member of
Milford's team of leading analysts. Fund managers and financial experts
(24:58):
for a look at the week's biggest business stories. It's
a time of financial turbulence, as you will know, with
the global economy and transition. Inflation looks to be declining
in many countries, but volatility remains. So why is it happening,
what can be done about it? And where are things heading.
We'll look at the data, work out what we can
learn from market history, and ask the hard questions. This
will be your go to for expert insights on the markets,
(25:21):
business and the economy, both here and overseas. Join me
for Bridge Talks Business with Milford. Subscribe on iHeart or
wherever you get your podcasts. See you don't miss an episode.
All discussions are informational only and should not be considered
financial advice.
Speaker 1 (25:35):
International correspondence with Ends and Eye Insurance Peace of Mind
for New Zealand Business.
Speaker 2 (25:40):
Don jer Mayo is our Australia correspondent with us This morning, Donner,
Good morning to you. Thousands of retail jobs set to disappear.
What's going on?
Speaker 10 (25:48):
Oh?
Speaker 13 (25:49):
Well, this is terrible news because a major fashion retailer
looks like it's a well teetering on the brink of
going broke basically, so it's been placed under voluntary administration.
Speaker 10 (25:58):
So the company called Mosaic.
Speaker 13 (26:00):
It does run quite a number of long established fashion
stores across Australia. We're talking Miller's, Rivers, Katie's and nony
B and it is going to continue to trade in
the lead up to Christmas, we're being told, but administrators
have been brought in to look into the business.
Speaker 10 (26:16):
This could impact about.
Speaker 13 (26:18):
Two hundred and fifty jobs at head office in Sydney,
but also two and a half thousand jobs across the nation.
So dreadful news and the lead up to Christmas for
a lot of people who.
Speaker 10 (26:29):
Don't know if they'll have a job afterwards.
Speaker 13 (26:31):
But the company says well, voluntary administration was unfortunately the
most appropriate way to try to restructure. So they're hanging
on for dear life but not sure what the future holds.
For lots of people.
Speaker 2 (26:44):
It's hard out there, double whammy of cost of living
and the move to online shopping. Hey, what is happening?
This story fascinates me. This woman is bitten by a snake.
She's missing and the bush for nearly two weeks and survives.
Speaker 13 (27:01):
It's extraordinary and what a relief for all the people
that were out there searching for her and for Lovisa Schoburg,
a woman who moved to Australia from Sweden about twenty
years ago. Then she moved to the Rugged Snowy Mountains
in twenty eighteen. She loves to photograph wild horses out there.
So she was lost in the Kosiosco National Park for
that amount of time extraordinary, But.
Speaker 10 (27:22):
She's been found. She's a forty eight year old woman who.
Speaker 13 (27:26):
Did get bitten by apparently a copperhead snake, which is venomous,
and then four days later she was found. After that bite,
she's also rolled at ankle, she's dehydrated, but she's in
hospital now in a stable condition.
Speaker 10 (27:40):
One searcher said it was like looking.
Speaker 13 (27:42):
For, as they put it, a pinhead in a haystack.
Speaker 10 (27:45):
But they did find her. Very very lucky to be alive,
That's what I'm saying.
Speaker 2 (27:49):
Yeah, very lucky. Indeed, great ending to that story, Donna,
thank you very much for that. Donald Demorrow, our Australia correspondent.
She is a story in the US media today about
a guy who went missing for thirty days in the
bush and in a national park in America, and he
was eating berries and you know, whatever water he could
find off leaves and stuff. And he said he was
(28:09):
about to give up and like literally within hours or
a day of death. And he decided to do one
last scream screams, and the park rangers happened to be
walking past in a track nearby, run to his rescue,
save him. He's alive today, live.
Speaker 1 (28:29):
In to six Crying Bridge.
Speaker 2 (28:31):
Anyone want to buy shears and Kibi Bank, you may
soon get the chance. Three options are on the table
for the government to increase Kibi Bank's capital and increase
its competitiveness with the big banks, increasing government debt, third
party investment and putting it on the enz X are
all options for the Finance minister. According to advice released
over the weekend from Treasury, which one is best? David
(28:53):
Tripp is Massia University's banking expert. He's with us Live
this morning. Good morning, good morning, right to have you
on the program. David, tell us which one you think
is best?
Speaker 9 (29:06):
Well, they all have their challenges. If the government raises
some additional funds on the market and pumps it in directly,
that's probably the most straightforward because it's it doesn't require
the involvement of anybody else to make a contribution. The
(29:32):
government is raising their debt funding all the time, and
it will just be sort of a part of the
debt funding they were raising. As to the crown controlled
organizations can involve. We did previously have super Fund and
the ACC investing in Kiewi Bank. They were unhappy with
(29:54):
the returns they earned and that's why last year they
managed to exit because they were happy with that. And
the similar issues apply with an inded X listing or
other private parties getting involved. The returns are not especially
(30:16):
good and that's one of the big challenges to floating
Ewbank on the as an IPI.
Speaker 2 (30:23):
Why their return is not good when the Aussie ones
appear to be.
Speaker 9 (30:28):
The biggest problem is actually the matter of scale and
the cost of regulation and technology. What we actually see
is that all of the smaller banks struggle to earn
the sorts of returns being earned by the large banks,
and it's very much a consequence of the of the
(30:52):
costs of regulation and technology. If we go back twenty years,
tsb's costs were very much comparable with the all large
Australian banks. That has stopped being the case, and the
(31:13):
big Gussie banks now have a big advantage in terms
of costs.
Speaker 2 (31:16):
So in trying to solve the big bank profit problem,
we are looking at a whole range of regulations that
could that perversely actually make the problem worse for the
smaller banks.
Speaker 9 (31:30):
Well, we're putting additional regulations in place. Is not really
going to improve anything, I don't think. On the other hand,
we don't really want to have small banks there that
are subject to less regulation because that increases the risk
of problems going wrong with them. So it's a bit
of a challenge working out how we're going to solve
(31:52):
this problem.
Speaker 2 (31:53):
David Tripe, Massi University Banking Expert, really appreciate your time
this morning. It is seven away from Sex News talksb News.
Speaker 1 (32:00):
And Views you trust to start your day. It's early
edition with Ryan Bridge and Smith City, New Zealand's furniture
beds and a flying store.
Speaker 2 (32:08):
News Talk said be five to six. The Labour weekend
road toll sitting at zero. I reckon it's because no
one went away this weekend because they can't afford to Ryan.
We can't afford to go away, so we didn't. Ryan.
I live in a holiday town in the far north.
It was dead. Labour weekend is usually the taster to
get us out of the winter slump. It was just dead,
very sad. Lots of other text to that effect as well.
(32:30):
Mike is here with us this morning. Good morning, Julie
and Jeners.
Speaker 14 (32:33):
Road to zero finally worked get her on the program
gradulately that there it was, that's how you do it.
You stay at home. Funnily enough, where we go in
the country absolutely jammed, as in like ridiculous, as in
like what happened?
Speaker 2 (32:47):
But where you go without saying where it is is
quite accessible, isn't it. I mean, if for a day
trip for Auckland, you.
Speaker 14 (32:54):
Can go on road and at the end of the
road is the place. It's very very popular. Build it,
they will come. But it was you don't have to
stay the night. No, no, it's a day trip. No,
that's very that's a very good point. And on the
way home yesterday, funally enough, I did comment to the
woman to my left, I said, my word, these roads
are quiet for a holiday weekend.
Speaker 2 (33:14):
It's quieter than on a normal weekend, which was empty.
Over on my hike there was no one.
Speaker 14 (33:18):
What were you doing on the beach? Ryan it's about
nineteen degrees from there was one of a nude swimming.
Is that what you do if you're gonna go when
you don't need swimming, if you're going to go need someone,
you don't go when it's cold?
Speaker 2 (33:29):
Do you not? Why not? Right? Do you know the answer?
All right? What's on the show? Christopher Luxan? How's that? Oh? Yes,
of course? Tuesday?
Speaker 14 (33:38):
Yeah, Tuesday, It's Tuesday and we Christopher Luxe lucky, he's
onto it to it.
Speaker 2 (33:43):
Thanks, Mike, Mike is within next. I'll be back tomorrow.
I have a great day. Everyone.
Speaker 1 (34:01):
For more fam Earlily Edition with Ryan Bridge, listen live
to Newstalk SEDB from five am weekdays, or follow the
podcast on iHeartRadio
The issues, the interviews and the inside. Ryan Bridge new
for twenty twenty four on the early edition with Smith City,
New Zealand's furniture vans and a play at store US Talks.
Speaker 2 (00:15):
It'd be good morning, everybody. It is six half to five.
Welcome to your Tuesday morning. Coming up at four six.
Want to buy shares in kiwibank while you might soon
be able to? Andrew Alderson on Liam Lawson that metal
finger Over the weekend, The Death of the Dairy? Is
it really happening? Why is the road told down? Why
(00:36):
is it zero? This weekend? I'll tell you my thoughts
on that. Plus Donor Demayo on the Hiker lost for
two weeks, written by a snake and survives.
Speaker 1 (00:48):
The agenda.
Speaker 2 (00:50):
It is Tunesday, the twenty ninth of October. Philadelphia's district
attorney is taking Elon Musk to court in an attempt
to stop his million dollar daily giveaway for registered voters.
He reckons it's an illegal and unregulated lottery, saying that
all lotteries in Pennsylvania must be run by the state.
Only registered voters who live in a swing state are
eligible to enter the random draw. So far, two people
(01:12):
of one a million bucks political backfire in Japan, the
Liberal Democracy Party has lost its majority in a snap
election called by the country's new prime minister. The party,
along with a coalition partner, won two hundred and fifteen seats,
lower than the two hundred and thirty three majority needed
to retain power.
Speaker 3 (01:30):
I think the people of Japan are telling us to
reflect on what we have done and change ourselves to
better listen to the will of the people.
Speaker 2 (01:39):
The new prime minister is not resigning, and I'll tell
you exactly what happens in a situation like that in
Japan where the party doesn't have a majority later in
the show. Lawmakers and Israeli voting on two bills today
that could see the United Nations Relief Agency restricted inside Israel.
If passed, Staff and aid that it proved would no
(02:00):
longer be allowed to travel through Israel when heading to
other parts of the Middle East. NATO has confirmed North
Korean troops have been assisting Russia with its war in Ukraine.
Speaker 4 (02:11):
North Korean military units have been deployed to the Coursk region.
NATO calls from Russia and the de Perochi to seize
these actions immediately.
Speaker 2 (02:22):
Putins spoke about the issue at the Brick Summit. We
obviously spoke about it last week, not confirming or denying
the use of North Korean troops, but saying it's Russia's
sovereign decision if it wants to use them.
Speaker 1 (02:34):
Ryan Bridge You for twenty forty four on early edition
with Smith City, New Zealand's Furniture Beds and a Playing
Store News Talk zidby just.
Speaker 2 (02:43):
Gone eight after five on your Tuesday morning. Immigration officials
are deciding whether to let Candice Owens into the country.
You might have seen this over the weekend. The Aussies
have said nope, we don't want you. Who is she?
She's American, she's right wing, She's a broadcaster, has about
eighteen million followers on social media apparently, and she has
questioned one of the reasons she's so controversial. She has
(03:05):
questioned some aspects of the Holocaust, but insists she's not
a Holocaust deny. She wants to come here on a
speaking to her, She needs a visa. And when the
immigration officials consider this, they look at a number of
things criminal convictions, good character, their previous deportation history. But
(03:25):
they must also determine whether she is a threat to
public order. Now, if people protest and go a bit feral,
as they did when Posy Parker came here. I remember
Posy Parker and people were throwing juice and going nuts.
Does that mean that others shouldn't be allowed to hear
their views in a democracy, If the threat of the
(03:46):
people who don't like you having a bit of a go,
having a crack, becoming violent potentially is enough to stop
somebody getting a visa, is that fear on those who
want to hear their views, no matter how out there, wacky,
bizarre those views might be. I won't be going to
hear her speak, But should the potential reaction of her
(04:07):
detractors really stop her supporters from having that same experience?
Nine two the numbers text ten after five, Ryan Bridge,
you should have seen this pole this morning in the Hero.
It's an ipsoft pole. It's found that apparently sixty five
percent of kiw support a capital gains tax in some form,
(04:29):
which I mean that's quite the qualifier as an in
some form, we essentially have a capital gains tax already
on investment properties the bright line test. The pole, however,
also says that labor is slowly winning back voters trust
on several key issues and closing the gap on national
with and others. Thirty percent of voters now think Labor
(04:52):
is the party best at dealing with inflation, up from
twenty three percent in February. What fallen over the same
period from thirty nine percent to thirty five percent? Do
we believe this really? Eleven After five News Talk ZIBB.
Speaker 1 (05:16):
The first word on the News of the Day early
edition with Ryan Bridge and Smith City, New Zealand's Furniture
Beds and a playing Store News Talk ZIBB.
Speaker 2 (05:26):
People are back to loving their quarter pounders in America.
You remember last week we reported on the coli outbreak
that killed one person and injured dozens. While they've resumed
their sales over the weekend of beef patties the cola
was founded in the testing so far has found the
results to be negative. There's shares still down seven and
(05:46):
a half percent McDonald's in America after the outbreak last
week fourteen after.
Speaker 1 (05:51):
Five Bryan Bridge.
Speaker 2 (05:53):
Retail advocates say the number of diaries in the country
is on the downward trend as supermarkets cantinue to monopolize
and retail crime continues the Ministry for Business, Innovation and
Employment says there are currently just seventeen hundred registered companies
classified as a dairy or a supret and that compares
to back in twenty eighteen, Retail New Zealand recording about
(06:15):
four thousand dairies and convenience stores around the country. Amory
Johnson is with retailing issues with US Live this morning. Amory,
good morning, We're in it. Great to have you on
the show. First of all, are these numbers actually reliable?
Speaker 5 (06:30):
Well, it's the piece of research that Retailing Z is
about to carry out and update our twenty eighteen figures.
But certainly, on the face of it, it seems pretty likely.
We know that retail has been doing it tough no
matter what sector you're in, and so certainly, just looking
around the streets I reckon that. Yeah, we certainly know
(06:55):
that a number of dairies have closed.
Speaker 2 (06:57):
Yeah, And the other thing I was thinking of, supermarkets
are cheaper, generally speaking, are cheaper than dairies, and in
a cost of living crisis, people are going for the
cheaper option.
Speaker 5 (07:08):
Oh, absolutely, and they always have been. You know, dairies
have been great for just being able to pop in
and buy those extra a few bits and pieces, but
you do pay for the convenience.
Speaker 2 (07:20):
Does it matter if dairies close? I mean, obviously it's
not great for someone like me who loves going there
for that reason. I hate going to the car park
and the supermarket and driving round and around and going
over the juddabars. But apart from that, does it actually
matter whether the supermarket retailers are doing well and the
deiries aren't.
Speaker 6 (07:41):
Well?
Speaker 5 (07:42):
I think it does. I think it does because you know,
people do love their dairies. But you know, like you say,
people shopping habits have changed, and if we want to
keep our dairies open then we need to support them.
But certainly dairies are a real focal point in the
community there. They're very handy to have.
Speaker 2 (08:03):
Yeah, they definitely are a convenience thing, I think, Annory,
thank you very much for that. Anry Johnson, manager of Advocacy,
Advice and Comms at Retail end Z. Great to have
you on the program sixteen minutes after five. Does anyone
else here if they lose their dairy? Are you? Are
you a staunch supporter of your dairy? Do you make
a point of going in. I have quite a good
(08:24):
relationship with my local dairy, so I you know, I
would say we're friendly, and I enjoy going in to
have a chat, and I enjoy going in and stopping
to pick up some milk or whatever it is, and
it is way easier. The other thing that I haven't
mentioned is the bike lanes. Cycle lanes which have in
some places at least kind of put the kibosh on
(08:45):
people stopping and you know, get running into the dairy
for five minutes really quickly. Seventeen minutes after five, you're
on news Talk sa'd be Andrew Ortison next with Sport.
Speaker 1 (08:54):
Get ahead of the Headlines, Ryan Bridge, You for twenty
twenty four on early edition with a City New Zealand's
furniture Beds and a Planet Store.
Speaker 2 (09:03):
News Talk sa'd be nineteen after five. If you feel
like Christmas is getting earlier every single year, what you
are describing, what you're thinking about, is Christmas creep. It
is creeping up on us earlier and earlier. And the
Guardian has done some research to actually confirm this, so
they've said that the data supports the belief that Christmas
themed merchandise, songs and decorations are all appearing ahead of season,
(09:28):
they reckon. There's one Christmas market they looked at in
the UK in Birmingham, which starts on the first of November.
Used to start the first of December and every year
has crept forward ever so slightly. How can you start
a Christmas market on the first of November nineteen after
five and Bridge, I suppose you can. People go and
(09:49):
you sell stuff and want to.
Speaker 6 (09:50):
Be hearing snoopies Christmas in November.
Speaker 2 (09:53):
Ryan, not for me hearing that either.
Speaker 6 (09:55):
Yeah, start of December maybe, yeah.
Speaker 2 (09:57):
I think you can leave it to December. Apparently the
the music used to top the charts in the last
two weeks of December and now it's literally starting from
mid November, right black Caps in India.
Speaker 7 (10:11):
Yeah, that was a phenomenal result and I mean it's
a few days afterwards now, is it, but worthy of
reflection in that I think it's one of New Zealand's
most historic cricket feats.
Speaker 6 (10:22):
For my mind, it's a bit of a holy grail.
Speaker 7 (10:24):
I mean, to win in India sixty nine years in
trying and then to just take a series there just
is to medicine and Mitchell Santner hats off. I mean
just thirteen wickets in the Test match by far and
away his most outstanding performance in the white at least
for New Zealand and India. Not beaten in the Test
series at home since twenty twelve. No Williamson, no Bolt
(10:48):
these days in the side or Williamson's out at the moment,
I just thought it was one for the ages.
Speaker 2 (10:53):
Brilliant. Would it be like someone coming here and beating
the All Blacks Adhaton Park or something?
Speaker 7 (10:57):
Yeah, yeah, it's a bit like I suppose Ireland coming
and winning a series against the All Blacks a few years.
Speaker 2 (11:02):
Awoll, yes they did. All right, Well, that's great. You're
very toughed about this.
Speaker 7 (11:08):
That's that's a bit of a highlight for US cricket
tragics out there.
Speaker 2 (11:12):
Can I just bring up a point that's been bugging
me for the last week please? Last weekend everyone went
nuts and said this was the best weekend of New Zealand,
of sport for New Zealand ever. Yeah, wasn't that just
by chance that there were randomly all these finals we
were involved and on the same weekend?
Speaker 6 (11:31):
Perhaps slight hyperbole right in the circus.
Speaker 7 (11:34):
There's people, you know, touch this in the in the
now or just recency bias is how it's described.
Speaker 2 (11:41):
It is.
Speaker 6 (11:42):
It is because they've been plenty over the years. But
there was a good one.
Speaker 2 (11:45):
I know it was good and I don't want to
take away.
Speaker 6 (11:47):
From men or to burst the bubble.
Speaker 2 (11:48):
No, but just you know, we're not comparing apples with apples.
It's not like we did well at the Olympics. That's
quite a you unmeasurable finite time with a number of
sports and that's you know, you can here year on years.
Speaker 6 (12:01):
It was just an enjoyable time for sports fans to
be engaged. Yeah, across a number of codes.
Speaker 2 (12:07):
Okay, all right, Liam Lawson, so he's given the middle finger.
Speaker 7 (12:14):
I thought you probably struck struck a call with a
number of motorists there on any road in New Zealand
at any given time. I mean, what's your first reaction
when you are annoyed? I mean, I don't know. There's
a temptation to flip the bird, isn't it.
Speaker 2 (12:26):
Yeah, there definitely is. Yes, I think you swear first.
Speaker 7 (12:29):
Yeah, yeah, I was just quite I mean these guys, yeah,
you know, and you're going get threehundred k's or whatever,
your life slashing before your eyes, even if you're a
normal motorist in your life slashing before your eyes.
Speaker 6 (12:41):
Yeah, there is that temptation, isn't it.
Speaker 7 (12:43):
Well, you know I'm going to go down here, but yeah,
I'm going to flip the bird in the in the process.
Speaker 2 (12:48):
So is he? Is he? He's doing all right though,
isn't he?
Speaker 8 (12:51):
Yeah?
Speaker 2 (12:52):
I think so.
Speaker 7 (12:52):
I mean he's probably offended a few people with with
maybe he's been aggressive and he's been forthrighting. Is he's
got to push for for holding this Formula one seat
and he's going to fight for it, and therefore, yeah,
he's some raw reactions probably.
Speaker 6 (13:07):
What you would expect those in those circumstances.
Speaker 2 (13:09):
These Silver firms have won their Constellation Cup for the
third time in fourteen attempts they have.
Speaker 7 (13:15):
I caught some of the back end of that. I
was astonished actually just how dominant they were over the Diamonds.
Given the backstory recent years, Diamonds World champions, et cetera.
This team has just turned around. They've lost a series
to England, they've turned around, they've won.
Speaker 6 (13:29):
The Constellation Cup.
Speaker 9 (13:30):
It was just.
Speaker 6 (13:32):
Pretty much flaws.
Speaker 7 (13:33):
I mean, they had they put the Australian goal shooting
attack under so much the shooting circle under attack, so
much pressure. Grayson Wecky was a star under the hoop,
but she was getting such brilliant ball from the mid court.
Speaker 9 (13:47):
It was just.
Speaker 7 (13:48):
Flying down their time after time and it was just
out and out dominance brilliantly.
Speaker 2 (13:53):
Yeah, well done.
Speaker 7 (13:54):
I mean, fourteen, eleven and eighteen goal victories are now
potentially a clean sweeper in Melbourne tomorrow.
Speaker 2 (14:00):
Another great weekend of sport for years, right up there
with the would we call it the second best weekend
of sport new center Andrew Ortison, will well, just take
good sport full stop? All right, sounds good. Twenty four
minutes after five, You're on News Talks MB.
Speaker 1 (14:13):
The early edition full the Show podcast on iHeartRadio. How
it by News Talks AB.
Speaker 2 (14:20):
You're on News TALKSB. It's twenty six after five on
your Tuesday morning. And the road toll currently sitting at
zero for the long weekend. We are still technically in
the road toll period. It ends at six o'clock. Six
people died last Labor weekend, which is a tragedy the
road toll so far, and we hold out if you're
safe on the roads for the next half an hour.
(14:42):
It will be the lowest labor weekend toll since twenty
thirteen we've had when we had one death on the roads.
Why do we think this is? Why do we think
this has happened this particular weekend? Is it the road
to zero that the previous government introduced, Is that the
fact we've had some road upgrades, some potholes fixed potentially,
(15:03):
or is it just random stats? You know, we should
really be looking at annual averages, not weekend blips which
can jump around a bit, A bit like as I
was talking to Andrew Ordison about earlier, a bit like
our weekend of sport last weekend, which was a bit
of a con job. It just so happened we had
a bunch of sporting finals on the same weekend. It
wasn't like we were, you know, comparing apples with apples
(15:25):
like an Olympics tournament, was it?
Speaker 4 (15:27):
So?
Speaker 2 (15:27):
Was it one of those situations or and here's my theory.
We didn't really travel much this weekend. And this is
based on nothing other than my own experience, But I
was on Wahiki Island at the weekend, enjoying the long weekend.
Beaches were nowhere near as full as they would normally
be and this was on the good day when the
(15:48):
weather was nice. Restaurants same story. The wineries of vineyards
weren't as busy. Is the cost of living crisis affecting
our travel? I think it is. I think it's having
a big impact. Did you go away this weekend? Do
you pack the car, take the kids? Were you driving safely?
Was there lots of traffic? What was your experience? That
(16:09):
is one theory I have as to why our road
toll is currently sitting at zero twenty eight out of five.
Lots of feedback coming in on Christmas, Ryan, Good Morning,
Camart and Pottydoor had Christmas Carol's playing on Sunday? Ridiculous?
Cheers Chris. Apparently the Christmas Market starts at the ASB
(16:30):
Showground next weekend, sorry this weekend, which would be well
start in November, wouldn't it, Ryan, This is on Candace Owens.
The American right wing broadcast are quite controversial. Ryan. We
let Travis Scott in and he causes chaos and violence,
(16:51):
even deaths in the UK. We're hypocritical if we don't
meet her in, says Steve Ryan. I think Candace Owens
should be allowed to come her Instagram and I find
her mostly positive. Ryan. People are staying home this weekend
or like me, working and this one says Ryan, it's
because of the weather forecast. No one wanted to travel.
(17:12):
We called our golf weekend off because of the weather.
So therefore fewer cars on the roads. Is the numbers
text twenty nine minutes after five, we're looking at kiwibank
whether you could buy shares in it one day soon.
Speaker 1 (17:45):
On your radio and online on iHeartRadio Early edition with
Ryan Bridge and Smith City, New Zealand's Furniture Beds and
applying store news talk z be.
Speaker 2 (18:04):
Good Morning, New Zealand, welcome to your Tuesday. Inside the
next twenty five minutes, Donna Tomorrow out of Australia and
key we Bank. Could it be heading for an IPO.
We'll look at that as well. Joe Biden has just
cast his vote, his early vote in the US election
in Delaware. That is news just coming to hand right now.
I wonder who he voted for, Teddy. What's interesting. Over
(18:26):
the weekend, Trump held this rally, this huge rally at
Madison Square Garden in New York City, and people were saying,
why would you go to Madison Square Garden in New
York City when you should be campaigning in the swing states.
There are eight days to go in this election. Apparently
it was all to do with fundraising, so he sold
seats a super maga experience for a million dollars a pop.
(18:49):
This is all about raising money which they can then
use to feed into advertising in the swing states in
the final days. So quite a clever strategy, you might say. However,
what wasn't clever was getting sky Tony Hinchcliffe, the comedian
so called comedian on to do his jokes.
Speaker 5 (19:05):
There's literally a floating island of garbage in the middle
of the ocean right now.
Speaker 10 (19:10):
Yeah, I think it's called Puerto Rico.
Speaker 2 (19:15):
The reason that is not funny is because and wasn't
funny to a lot of Republicans is because this is
a very very tight race, and Pennsylvania is the king
of the swings. It's worth the most Electoral College votes,
it's crucial. Biden won that by eighty one thousand votes
in twenty twenty. Trump won it by just forty four
(19:36):
thousand votes in twenty sixteen. Guess how many Latinos live
in Pennsylvania. Six hundred thousand Latinos. Half of those three
hundred thousand are Puerto Ricans. Is this the time to
be pissing off Puerto Ricans? No, So that's why they're
so upset. It is twenty two away from.
Speaker 1 (19:57):
Six Brian Bridge.
Speaker 2 (19:59):
We're going to our reporters around the country Courtney winter
with our Dunedin us this morning, Courtney drinking rules. There
might be in for a shakeup.
Speaker 8 (20:07):
Yeah.
Speaker 11 (20:08):
The city council is proposing adjustments to its local alcohol
policy to ensure nightlife doesn't come at the expense of
community safety and well being. It says the changes they're
proposing will be minor, but include important updates to the
current policy. Alterations include limiting late night alcohol purchases, standardizing
(20:28):
trading hours for late night venues, and restricting alcohol promotions
off license outlets. The consultation period wraps up in just
over a fortnight. All Right, has the weather today but cloudy,
A few spots of rain from this afternoon clearing to
find this evening a few light winds, a heighth of
fourteen brilliant.
Speaker 2 (20:47):
Have a great day clears in christ Church this morning clear,
good morning to you. An adult playground is going to open.
What is an adult playground.
Speaker 12 (20:55):
I knew you'd like this one, Ryan, Ninja Valley christ
Church is the adult player we're talking about. It's officially
got its final building consent from the council down here. Now,
this is going to be the biggest indoor adventure park
in the country. To give you an idea of a size,
it's in an old warehouse store at the Bush And
Shopping Center near Rickittson. The co owner and chief Ninja
(21:16):
Grant Buzaval, says he's fizzing to be in this position.
He says they're moving into an intensive period now to
finalize the fit out, as well as launched the website
and to conduct some job offers and training of staff.
Busaval says they hope to have an opening date by
the end of November.
Speaker 2 (21:33):
You can come, Ryan, What do you actually do there? Well,
it's like.
Speaker 12 (21:37):
It's like chipmunks, but for adults. It's huge and there's
swings and trampolines and it looks amazing.
Speaker 3 (21:43):
Check it out on Facebook.
Speaker 2 (21:44):
Oh okay, all right, well, have a look. How's the
weather clear?
Speaker 12 (21:48):
Oh, it might be good for an indoor playground today, cloudy,
bit of rain from late morning, possibly heavy northeasterlies at
a high of fourteen brilliant.
Speaker 2 (21:54):
Thank you. Azaria. Hell is with us in Wellington this morning.
Max is obviously slept in or something. Sarry A good morning.
Speaker 8 (22:01):
Here, Yah, I know you missed, sim I'm sorry.
Speaker 2 (22:04):
No, I'm well Saria. You will do just fine. Thank you. Hey.
This first pace to face meeting of the council happening
today after the government's intervention.
Speaker 8 (22:14):
Yeah, another big day at Wellington City Council. City councilors
are meeting publicly for the first time today since the
Government decided it would appoint a Crown Observer. Now they've
previously only met behind closed doors, but this morning's Long
Term Plan, Finance and Performance Committee meeting is open to
the public. Of course, newstalksz'b. We will be there. The
(22:36):
first item on the agenda cuts to the chase Counselors
considering the process for big spending cuts and how to
salvage its long term plan a ten year budget, which
is a bit up in the air. Counselors had to
go back to the drawing board following a decision to
stop the controversial sale of its thirty four percent share
in the Airport. Local government Minister Simeon Brown last week
(22:58):
saying he's waiting on a vice over who will be
that crown observer?
Speaker 2 (23:03):
All right, how's your weather today for that meeting?
Speaker 8 (23:05):
Yeah, a rainy day on the cards. As we say,
it could be a good day for an indoor playground,
perhaps showers arriving late morning, turning to rain for a
time late afternoon or evening, possibly heavy and northwest ly
is becoming strong this morning.
Speaker 2 (23:20):
Those Wellington City Council chambers are essentially an adult playground
at this point. Nevas in Auckland, Hey.
Speaker 3 (23:27):
Never greetings greeting.
Speaker 2 (23:28):
Water Care is getting on top of those pipes.
Speaker 3 (23:30):
Yes, now look that Apparently water Care is saving about
seven million liters of water a day in Auckland. So
the water organization has been running its targeted network improvement program.
This program just hones in on all the leaks and
the water pressure issues around the neighborhoods here in Auckland,
constantly monitoring the flow levels, looking for any unusual spikes
(23:51):
so teams can get in there and fix it before
they get worse. Dave Moore, he's the Smart System's manager.
He says they've stopped half a million leads of water
loss per day. This isn't Western Mangody alone, So that's
got to be good news, better than Wellington. Can we
say that, Yeah, we.
Speaker 2 (24:07):
Can say that, I Watson, do you think that that
the seven million letters is a lot of water to
save a day? And you know how they run those campaigns?
Have a shorter shower?
Speaker 8 (24:15):
Yes?
Speaker 2 (24:15):
I wonder how much that camp You know, us having
a shorter shower saves versus them fixing leaky pints.
Speaker 10 (24:21):
Well, yes, do you have shorter showers?
Speaker 2 (24:23):
No?
Speaker 3 (24:23):
No, I don't know.
Speaker 2 (24:24):
But what terrible. How's the weather today?
Speaker 3 (24:27):
Okay, the weather weather weather cloudy. We've got isolated showers
tuning in to rain for a time this evening, possibly heavy, heavy,
but still warm. Twenty one is the high here in Auckland.
Speaker 2 (24:36):
Brilliant. Neither think you have a fantastic day. It is
seventeen away from six News Talks Big. Because I know
you just can't get enough of me, I want to
tell you about an exciting new project that's just been launched.
I'm hosting a weekly podcast called Bridge Talks Business with Milford.
Each episode, I'll be getting together with a member of
Milford's team of leading analysts. Fund managers and financial experts
(24:58):
for a look at the week's biggest business stories. It's
a time of financial turbulence, as you will know, with
the global economy and transition. Inflation looks to be declining
in many countries, but volatility remains. So why is it happening,
what can be done about it? And where are things heading.
We'll look at the data, work out what we can
learn from market history, and ask the hard questions. This
will be your go to for expert insights on the markets,
(25:21):
business and the economy, both here and overseas. Join me
for Bridge Talks Business with Milford. Subscribe on iHeart or
wherever you get your podcasts. See you don't miss an episode.
All discussions are informational only and should not be considered
financial advice.
Speaker 1 (25:35):
International correspondence with Ends and Eye Insurance Peace of Mind
for New Zealand Business.
Speaker 2 (25:40):
Don jer Mayo is our Australia correspondent with us This morning, Donner,
Good morning to you. Thousands of retail jobs set to disappear.
What's going on?
Speaker 10 (25:48):
Oh?
Speaker 13 (25:49):
Well, this is terrible news because a major fashion retailer
looks like it's a well teetering on the brink of
going broke basically, so it's been placed under voluntary administration.
Speaker 10 (25:58):
So the company called Mosaic.
Speaker 13 (26:00):
It does run quite a number of long established fashion
stores across Australia. We're talking Miller's, Rivers, Katie's and nony
B and it is going to continue to trade in
the lead up to Christmas, we're being told, but administrators
have been brought in to look into the business.
Speaker 10 (26:16):
This could impact about.
Speaker 13 (26:18):
Two hundred and fifty jobs at head office in Sydney,
but also two and a half thousand jobs across the nation.
So dreadful news and the lead up to Christmas for
a lot of people who.
Speaker 10 (26:29):
Don't know if they'll have a job afterwards.
Speaker 13 (26:31):
But the company says well, voluntary administration was unfortunately the
most appropriate way to try to restructure. So they're hanging
on for dear life but not sure what the future holds.
For lots of people.
Speaker 2 (26:44):
It's hard out there, double whammy of cost of living
and the move to online shopping. Hey, what is happening?
This story fascinates me. This woman is bitten by a snake.
She's missing and the bush for nearly two weeks and survives.
Speaker 13 (27:01):
It's extraordinary and what a relief for all the people
that were out there searching for her and for Lovisa Schoburg,
a woman who moved to Australia from Sweden about twenty
years ago. Then she moved to the Rugged Snowy Mountains
in twenty eighteen. She loves to photograph wild horses out there.
So she was lost in the Kosiosco National Park for
that amount of time extraordinary, But.
Speaker 10 (27:22):
She's been found. She's a forty eight year old woman who.
Speaker 13 (27:26):
Did get bitten by apparently a copperhead snake, which is venomous,
and then four days later she was found. After that bite,
she's also rolled at ankle, she's dehydrated, but she's in
hospital now in a stable condition.
Speaker 10 (27:40):
One searcher said it was like looking.
Speaker 13 (27:42):
For, as they put it, a pinhead in a haystack.
Speaker 10 (27:45):
But they did find her. Very very lucky to be alive,
That's what I'm saying.
Speaker 2 (27:49):
Yeah, very lucky. Indeed, great ending to that story, Donna,
thank you very much for that. Donald Demorrow, our Australia correspondent.
She is a story in the US media today about
a guy who went missing for thirty days in the
bush and in a national park in America, and he
was eating berries and you know, whatever water he could
find off leaves and stuff. And he said he was
(28:09):
about to give up and like literally within hours or
a day of death. And he decided to do one
last scream screams, and the park rangers happened to be
walking past in a track nearby, run to his rescue,
save him. He's alive today, live.
Speaker 1 (28:29):
In to six Crying Bridge.
Speaker 2 (28:31):
Anyone want to buy shears and Kibi Bank, you may
soon get the chance. Three options are on the table
for the government to increase Kibi Bank's capital and increase
its competitiveness with the big banks, increasing government debt, third
party investment and putting it on the enz X are
all options for the Finance minister. According to advice released
over the weekend from Treasury, which one is best? David
(28:53):
Tripp is Massia University's banking expert. He's with us Live
this morning. Good morning, good morning, right to have you
on the program. David, tell us which one you think
is best?
Speaker 9 (29:06):
Well, they all have their challenges. If the government raises
some additional funds on the market and pumps it in directly,
that's probably the most straightforward because it's it doesn't require
the involvement of anybody else to make a contribution. The
(29:32):
government is raising their debt funding all the time, and
it will just be sort of a part of the
debt funding they were raising. As to the crown controlled
organizations can involve. We did previously have super Fund and
the ACC investing in Kiewi Bank. They were unhappy with
(29:54):
the returns they earned and that's why last year they
managed to exit because they were happy with that. And
the similar issues apply with an inded X listing or
other private parties getting involved. The returns are not especially
(30:16):
good and that's one of the big challenges to floating
Ewbank on the as an IPI.
Speaker 2 (30:23):
Why their return is not good when the Aussie ones
appear to be.
Speaker 9 (30:28):
The biggest problem is actually the matter of scale and
the cost of regulation and technology. What we actually see
is that all of the smaller banks struggle to earn
the sorts of returns being earned by the large banks,
and it's very much a consequence of the of the
(30:52):
costs of regulation and technology. If we go back twenty years,
tsb's costs were very much comparable with the all large
Australian banks. That has stopped being the case, and the
(31:13):
big Gussie banks now have a big advantage in terms
of costs.
Speaker 2 (31:16):
So in trying to solve the big bank profit problem,
we are looking at a whole range of regulations that
could that perversely actually make the problem worse for the
smaller banks.
Speaker 9 (31:30):
Well, we're putting additional regulations in place. Is not really
going to improve anything, I don't think. On the other hand,
we don't really want to have small banks there that
are subject to less regulation because that increases the risk
of problems going wrong with them. So it's a bit
of a challenge working out how we're going to solve
(31:52):
this problem.
Speaker 2 (31:53):
David Tripe, Massi University Banking Expert, really appreciate your time
this morning. It is seven away from Sex News talksb News.
Speaker 1 (32:00):
And Views you trust to start your day. It's early
edition with Ryan Bridge and Smith City, New Zealand's furniture
beds and a flying store.
Speaker 2 (32:08):
News Talk said be five to six. The Labour weekend
road toll sitting at zero. I reckon it's because no
one went away this weekend because they can't afford to Ryan.
We can't afford to go away, so we didn't. Ryan.
I live in a holiday town in the far north.
It was dead. Labour weekend is usually the taster to
get us out of the winter slump. It was just dead,
very sad. Lots of other text to that effect as well.
(32:30):
Mike is here with us this morning. Good morning, Julie
and Jeners.
Speaker 14 (32:33):
Road to zero finally worked get her on the program
gradulately that there it was, that's how you do it.
You stay at home. Funnily enough, where we go in
the country absolutely jammed, as in like ridiculous, as in
like what happened?
Speaker 2 (32:47):
But where you go without saying where it is is
quite accessible, isn't it. I mean, if for a day
trip for Auckland, you.
Speaker 14 (32:54):
Can go on road and at the end of the
road is the place. It's very very popular. Build it,
they will come. But it was you don't have to
stay the night. No, no, it's a day trip. No,
that's very that's a very good point. And on the
way home yesterday, funally enough, I did comment to the
woman to my left, I said, my word, these roads
are quiet for a holiday weekend.
Speaker 2 (33:14):
It's quieter than on a normal weekend, which was empty.
Over on my hike there was no one.
Speaker 14 (33:18):
What were you doing on the beach? Ryan it's about
nineteen degrees from there was one of a nude swimming.
Is that what you do if you're gonna go when
you don't need swimming, if you're going to go need someone,
you don't go when it's cold?
Speaker 2 (33:29):
Do you not? Why not? Right? Do you know the answer?
All right? What's on the show? Christopher Luxan? How's that? Oh? Yes,
of course? Tuesday?
Speaker 14 (33:38):
Yeah, Tuesday, It's Tuesday and we Christopher Luxe lucky, he's
onto it to it.
Speaker 2 (33:43):
Thanks, Mike, Mike is within next. I'll be back tomorrow.
I have a great day. Everyone.
Speaker 1 (34:01):
For more fam Earlily Edition with Ryan Bridge, listen live
to Newstalk SEDB from five am weekdays, or follow the
podcast on iHeartRadio
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