April 29, 2025 • 34 mins
On the Early Edition Full Show Podcast for Wednesday 30 April 2025, numbers revealed this morning show more 1,300 children are waiting to be assigned a social worker by Oranga Tamariki. Child Matters CEO Jane Searle gives her reaction to Ryan Bridge.
Labour is already calling the upcoming budget the "slash and burn budget." But Ryan questions Finance Spokesperson Barbara Edmonds on what she would do differently.
We get reaction from Canada as Mark Carney and the Liberal Party pull off a remarkable win in the country's election.
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
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Speaker 1 (00:01):
The issues is the interviews and the insight. Ryan Bridge
on early edition with one roof make your property search
simple used dogs.
Speaker 2 (00:11):
That'd be good morning.
Speaker 3 (00:13):
It is six after five Wednesday, the thirtieth of April.
Speaker 2 (00:16):
Great to have your company this morning.
Speaker 3 (00:18):
We have a story for its news story this morning
on auditing a tumid ecre bit of a worry.
Speaker 2 (00:22):
A thousand kids are on a weight list.
Speaker 3 (00:25):
Someone reports them to ordering a tumbdykey says they're worried
about them. A thousand kids are on a weight list
and not being seen in the time that they should.
Speaker 2 (00:33):
We'll look at that. Just before six o'clock.
Speaker 3 (00:34):
This morning, we're in Ottawa for the latest on the
Canadian election. We'll have Gavin Gray in the UK and
lotsmall little bits for you this morning to keep you going.
Six after five.
Speaker 1 (00:46):
The agenda.
Speaker 3 (00:48):
Carnie's revived the Liberal Party in Canada, scoring a fourth
term for them. The Trump bump was real, It turns
out a lot of tough talk. Question this morning whether
he follows through on it right.
Speaker 4 (00:59):
Ties to the United States economically are so deep and
multifaceted that it's hard to imagine the situation, certainly in
which we cut them completely or in fact significantly reduce them.
We want to be talking to other partners. We want
to find a more rational way forward with the United States.
Speaker 3 (01:18):
We'll head to Ottawa for the latest and just a
couple of minutes. One hundred days, the Trump kicks off
with a scrap with Amazon.
Speaker 2 (01:24):
They were reportedly going to.
Speaker 3 (01:26):
List Trump's tariffs alongside shipping costs at the bottom of
the page when you got to pay for stuff. Trump
went nuts. Here is Caroline Livitt.
Speaker 5 (01:34):
This is a hostile and political act by Amazon.
Speaker 6 (01:38):
Why did Amazon do this.
Speaker 5 (01:39):
When the Biden administration heighted plation to the highest level
in forty years.
Speaker 4 (01:44):
It's not a surprise because, as Reuters recently.
Speaker 7 (01:47):
Wrote, Amazon, Amazon has partnered with a Chinese propaganda arm.
Speaker 3 (01:53):
So the Paul yeah sorry, sheer price has gone up
and down in the I'll bring you up to speed
on this because there's been a development in the last
few minutes. Mike Johnson's speak out on the Defense this
morning over those bad.
Speaker 2 (02:03):
Poll numbers we told you about earlier in the week.
Speaker 8 (02:06):
What they're seeing and what the real polling is showing
is that they understand that we're headed somewhere. This is
the out of the gates, all these big achievements that
we just recounted, and I said, we're just getting started.
Speaker 3 (02:17):
So over in Spain Portugal, they've officially ruled out a
cyber attack. It was the weather actually that caused the
mass power cut. The Spanish Prime Minister promising a full investigation.
Speaker 9 (02:27):
We want to understand what has happened. We want to
adopt the measures so as to ensure that this does
not happen again. The technicians of the electricity grid are
continuing with their analysis of the situation. We heard that
there will be preliminary results shared in the next few
hours of days.
Speaker 2 (02:42):
The news you.
Speaker 1 (02:42):
Need this morning and the in depth analysis early edition
with Ryan Bridge and One Room Make your Property Search
Simple News Talks.
Speaker 3 (02:51):
It'd be good morning to you. Great to have your company.
Nine minutes half to five. Nine ninety two is the
number to text. We'd love to hear from you this morning.
Now I'm going to say one thing about the completely
delusional Wellington mayor and then nothing else ever again maybe never,
I mean, maybe I will do it again, but at
least for today, Okay, because there are far more important
things going on in the world right now.
Speaker 2 (03:11):
It actually doesn't matter. But just one final thing, just
a little thing. Did you know she's.
Speaker 3 (03:16):
Gone off on an overseas holiday to celebrate the fact that.
Speaker 2 (03:19):
She's no longer running for mayor.
Speaker 3 (03:21):
Yes, toriy Faro is right now on a plane somewhere.
You cannot make this stuff up. It's like an episode
of Yes Minister, a really bad one.
Speaker 2 (03:30):
The politician who said she was just.
Speaker 3 (03:32):
Yesterday, remember, determined to sign all the contracts possible for
the Golden Mile. And the short time she's got left
in office, she's going to miss today's council meeting, and
she's going to miss a local government New Zealand meeting
of mayor's chairs and chief executives from the across the
country tomorrow. Now on to more important matters, the budget deficits.
(03:54):
We're going to talk about them a lot this morning.
Why because borrowing costs are high. We know this government's
have been splashing the cash post COVID our jet to
debt to GDP double to forty percent, meant to go
possibly to forty five. So Willis yesterday announced that she's
raining it in. It is game time over in the
States for Trump's big, beautiful budget bill.
Speaker 2 (04:16):
Today.
Speaker 3 (04:17):
This is to pay for the tax cuts and the
beefing up of the border, he's going to have to
slash and burn your medicaid, your benefits on the chopping block,
all that kind of stuff. So they're kicking off the
markup sessions in the House today to get this thing done,
and even once they do, they will still have one
of the biggest hikes to the federal deficit in recent
history in the US. We'll speak to Labour's finance spokesperson
(04:38):
about Nichola's budget inside the next twenty minutes here, but
here is the upshot of all of this for you
this morning. If you've got a mortgage, the sugar free diet,
that's what Nicolas got us on, basically, sugar free diet
could actually be good news is going to be good
news for you. Why because it shifts the onus forgetting
(05:00):
the economy moving from Nicola Willis's pouch to the reserve banks.
Nichola is not going to swipe the credit card to
get this thing moving. So poor old Christian Hawksby, who's
only going to be there for six months unless he
gets the full time job, he's going to have to
do the lifting for her, and that means lower interest rates,
(05:22):
ASB came out last night and said this. Remember they
were aiming for neutral by Christmas. That's three percent. That's
seventy five points off by December. Some of the economists
already reckon, we'll go lower than that two point seventy five.
One even said two point five. So Trump aside.
Speaker 2 (05:37):
The question this.
Speaker 3 (05:37):
Morning, and it's a good one if you have a mortgage,
is just how low do we go?
Speaker 2 (05:43):
Eleven minutes after five.
Speaker 3 (05:44):
Coming up next, we're speaking of Reserve Bank governors and politicians.
Carney has been both. He's now in charge of Canada
Proper and we're in Ottawa for the latest.
Speaker 1 (05:56):
Get ahead of the headlines on early edition with Ryan
and one roof Make Your Property Search Simple News Talk ZAB.
Speaker 2 (06:04):
Five fourteen on News Talks HEB.
Speaker 3 (06:06):
So this report, I'll just bring you up to speed
with the latest on this Amazon thing this morning. So
Amazon was going to list the tariff cost on the
checkout when you go.
Speaker 2 (06:14):
To pay for stuff.
Speaker 3 (06:15):
You know, when you go and it'll say this is
your GST or your VAT, this is your shipping cost.
They were then going to put basically like Trump's tariffs
and how much it was going.
Speaker 2 (06:25):
To cost you.
Speaker 3 (06:25):
This was the report in the press this morning. Trump
when Nato gets on the phone to Bezos, Bezos gets
on the blower, he calls his team and there's a
full back down. This is the statement from Tim Doyle.
They wheeled him out. Amazon spokesperson this morning. The team
that runs out ultra low cost Amazon Hall store considered
the idea of listening import changes on certain products. This
(06:48):
was never approved and is not going to happen. That's
how your unfart when Trump gets angry. It's just gone
quarter past five, Ryan Bridge. So the Trump boo speaking
of was real. Canti's won the Canadian election. Insult to
injury this morning for Pierre Pogiev, the guy Cannie beat.
He's projicted to lose his seat in the House of
Commons too. He's held it for twenty years now. Some
(07:10):
liberals are going to take it off him. He's lost
the chance of becoming Prime minister, end his seat. That
is a bad day at the office. Feature Storying News
political analyst Nick harpers with us this morning.
Speaker 2 (07:18):
Nick, Good morning, Good morning, Ryan. That's pretty embarrassing for him,
isn't it.
Speaker 7 (07:23):
Oh complete disaster? Like you say, he has been and
then being for a very long time. He's been there
and he's been going through a lot of things, and
he thought three months ago that he was going to
be leading Canada into the foreseeable future. But then we
saw this tremendous turnaround in the polls. The Conservatives' double
point lead suddenly completely fell away, and going into the election,
(07:45):
the Liberals were leading it. As we saw on the light,
the Liberals took a fourth term, mark Carney remaining as
the Prime Minister. He was there for a few weeks
ahead of the election after he took over from Justin Trudeau.
He will now be serving a full term as Prime minister.
Before Donald Trump came into office, this seemed unthinkable because
Canada was quite simply fed up with Liberals, fed up
(08:07):
with Justin Trudeau at the head of the party. He
stepped down at a time when he was particularly unpopular,
and the thinking was that this was going to be
a referendum on Justin Trudeau and therefore the other party,
the Conservatives, would have won. That's not what happened, largely
because of the Trump effect and everything that he's been
saying about Canada over the last few.
Speaker 3 (08:26):
Monthsick obviously an incredible feat for him. But is this
I just wonder, is this the high tide mark for
mac Canney. You know, sure Trump helped unite Canada, but
all of those problems that had Polly of twenty five
points that here just a few weeks ago haven't gone away.
The cost of living, the crime.
Speaker 2 (08:43):
And you've had a decade of liberal rule.
Speaker 3 (08:45):
Now he's got a hell of a job, doesn't he.
Speaker 7 (08:48):
He has. Yeah, there are plenty of problems that many
Canadians were nunhappy with, housing, the cost of living, problems
with the healthcare system, immigration, all of those problems are
things that Mark Carney needs to tackle while also trying
to unite the country around Donald Trump. We could see
tariffs potentially disappear overnight. We know that Donald Trump likes
to change things really day by day with one tweet
(09:11):
or another. Of course, if those all disappear, suddenly, this
reason why he was elected as Prime minister vanishes, and
those big problems that Canadians really want to be dealt
with something that he will then have to tackle. I mean,
it's going to be a tough time for him. He
has a tremendous to do list to try and work
out and that's not without mentioning the fact that he
will have to deal with his nearest neighbor, the United States,
(09:33):
and try and work out a trade policy in a
way that the two countries can move forward together.
Speaker 3 (09:37):
Yeah, hey, just quickly, there's one hundred and seventy two,
the magic number for a majority with no idea yet
whither they've got the.
Speaker 7 (09:43):
Yet no, not quite there yet, and it could be that,
you know, he will need to scrabble around for some
other parties to be able to build that coalition. It
could be difficult for him to do, and of course
that reduces his ability his mandate to lead the country
if he hasn't got quite the majority he needs.
Speaker 3 (10:00):
Nick, appreciate your time. Great to have you on feature story.
News political analyst Nick Harper with us this morning. Quebecua
is the party that will hold the balance of power
should they not reach one hundred and seventy two. They're
a left leaning regional party. Eighteen minutes after five, your
News Talk said b Barb is here next, Barbara Edmonds
from Labor. She's gonna have a crack at Nickeler about
the budget announcement yesterday on.
Speaker 1 (10:22):
Your radio and online on iHeartRadio early edition with Ryan
Bridge and one roof to make your property search simple.
News Talk said be.
Speaker 3 (10:32):
Five twenty Gavin Gray Amen in the UK. Europe is
with us after the half news. This is on the
latest for Spain and Portugal right now. The government harving
the operating allowance and this budget to one point three
billion it was two point four billion billions and savings
will be found to fund new stuff, health, education, cops, defense,
They're all getting a boost, according to the minister yesterday.
(10:52):
Labour's finance spokesperst and Barbara Evans will be this morning.
Speaker 2 (10:54):
Barbara, good morning, Good morning, Ryan.
Speaker 10 (10:57):
How are you.
Speaker 2 (10:58):
I'm very well, thank you. Good to have you on.
Speaker 3 (10:59):
Did you see that note from ASB last night They're
perking interest rates will have to go lower to do
more of the heavy lifting for growth.
Speaker 2 (11:05):
What do you make of it?
Speaker 10 (11:07):
Yeah, that I've seen that commentary a little bit as
well online from different economists and that's really to help
stimulate the economy and growth. So if that's the case,
I mean, I know the Reserve Bank governor or the
previous guy said that there'll be two cuts before the
middle of the year. So the Financial Stability Report will
come out next week, so it'll be interesting to see
(11:30):
where they land.
Speaker 3 (11:30):
That would be a good thing, though, wouldn't it. I mean,
if you have the Reserve Bank doing more of the
heavy lifting bringing our mortgage rates down so we're not
so poor, is that not a good outcome?
Speaker 10 (11:42):
Yeah, that is a good outcome if you've got a
mortgage and if you rent, obviously, But it's very much
clear that it's at the economy is not growing.
Speaker 2 (11:52):
Yeah, yeah, yeah, I know, But I mean, well, who's
is at the moment? I suppose that's the problem, isn't it.
Speaker 3 (11:58):
So the surplus, that's what we want to get to, right,
and this is why she's she's cut the operating allowance
because she wants to get that surplus by twenty twenty nine.
Speaker 2 (12:06):
Is that not a laudable goal?
Speaker 10 (12:08):
Well, it comes down to what are the choices she's
going to have to make to get to that surplus.
So again we've had concerns around productivity. We want to
make sure that that they're smart investment. You know, it's
really clear and New Zealand does have a productivity issue
and some of those key areas like innovation, research and development,
(12:30):
that's where smart governments.
Speaker 3 (12:32):
Totally, but that we've had those problems for thirty years now,
haven't we If we're looking at the here and now,
surely the bigger issue is the debt. You know, debt
to GDP is forty percent heading to forty five. It's
twice what it was pre COVID. Borrowing costs are going up.
You know, what do we do if we have an earthquake?
What do we do if there's a cyclone? You know,
we've got Trump and his terrace. We're a small trading nation.
(12:55):
When is a good time to get to surplus and
start paying down debt?
Speaker 2 (12:58):
Barbara?
Speaker 10 (12:59):
Yeah, And the point is key that as long as
the economy is growing, your deep to GDP measure will fall.
So that's the really important part to it. You know,
labor had a surplus before we went into COVID in
twenty nineteen of seven billion dollars. And you're right, you
put the umbrella up when you need to when there's
a pandemic, when there was a cyclone, so it's making
(13:22):
sure you have that headroom.
Speaker 2 (13:23):
Was there a little too much umbrella? Do you think?
Speaker 10 (13:27):
Well, we had to invest to keep people in jobs.
We had the lowest COVID mortality rates in the world.
You know, we had record low employment when Treasury was
forecasting economic but it.
Speaker 3 (13:38):
Was all going to have to be paid for at
some point, which is what's happening now, isn't it. I mean,
that's the lesson we've learned, Barbara.
Speaker 10 (13:45):
And that's the interesting thing is that actually we only
went into a recession last year. We were actually still
growing in the Treasury said that to me.
Speaker 3 (13:54):
The Treasury economists, sorry, say that again. The Treasury chief
economist told you that the growth that.
Speaker 10 (14:00):
We had been growing, we still had actual marginal growth
post COVID, And actually we only went into recession the
last three quarters of the last financial year.
Speaker 2 (14:10):
Yeah, everybody knows that.
Speaker 3 (14:11):
But you're not saying that's just because we had a
national government, are you.
Speaker 10 (14:15):
No, all we're saying that this is where choices really matter.
But the choices houses you keep construction workers in jobs,
you build homes. Government's pulling back at a time when
they should be investing.
Speaker 3 (14:27):
But you guys went too HUNDI, didn't you. And you
mentioned the fact we were growing, but inflation was through
the roof. We had to bring that under control. That's
what's happening now.
Speaker 10 (14:37):
And that goes to your earlier points right around the
Reserve Bank having to do a lot of that heavy lifting,
and they believed that they needed to hike interest rates
up to bring inflation down because that's their mandate. So
seeing that ASB the commentators are saying, well, they think
interest rates are going to drop further, that's the Reserve
Bank doing their job.
Speaker 3 (14:55):
All right, I really appreciate you coming on the show
as always. Barbara Edmonds, Labour's finance spokesperson. Twenty five minutes
after five News Talks have been.
Speaker 1 (15:02):
The early edition full show podcast on iHeartRadio how It
By News Talks AB.
Speaker 3 (15:09):
Five twenty seven News Talk said, B, where you can't
say that we weren't warned. Nikola Willis will be taking
to government spending like a butcher to a fresh carcass.
She has been saying that for months. Yesterday she has
the operating alliance to one point three billion. All this
because she wants to do what she said she'd do
and planned to do, and that's balanced the books by
twenty twenty nine. The recessions cut her tax takes, So
(15:31):
you either push your surplus out or you trim your
spending labor. Of course, says this is austerity and it's
bad and we should be spending more, not less. Well,
we know where that got us, don't We waiste deep
in our own shite shape that Willis is now wading
her way through trying to clean it up. Budgets are
just bigger versions of what we all do in our
own day to day lives. We make decisions, We make
(15:52):
choices about how much to spend, how much to borrow,
what we spend on, and more importantly, what we don't.
And if you ask most kiwis today what they're doing
right now, are they doing a Hipkins borrowing and splashing
the cash, stacking the pantry with nice brand, spanking new purchases.
Or are they doing a Willis spending on the stuff
(16:14):
that you need, cutting the stuff that you don't, and
trying to balance your budget so you can start paying
down your debt. I reckon most Kiwis are doing the latter,
and in that score, she's on the money. But here's
the thing to worry about, and it's a worry every
time there's an election. The political calculation for budget twenty
twenty five will be very different to Budget twenty twenty six.
(16:36):
You can get away with running a tight ship in
the off season, but next year we're going to the polls.
Just look across the Tasman for a whiff of how
mad that makes us and by extension, our politicians. Elbow's
borrowing so much for his spand angle election promises that
stand in pause, threatening to downgrade their triple A credit rating.
Debt funded elections, spending so out the gate, it's pushing
(16:59):
government out outlays to the highest levels since World War Two.
They're now promising to cut seven billion dollars out of
the public service. Least they pushed the boat out too far.
And this is a labor government across the testament. Let's
not forget the coalition's been dining out on the credit
card too. It's not just the lefties. And this is
the lesson and the warning this morning. Being frugal and
(17:22):
thrifty is easy when you're not trying to buy an election.
So yes, Willis is making the right noises for now,
but next year might just be a different story.
Speaker 1 (17:33):
Bryan Bridge.
Speaker 3 (17:34):
By twenty nine, Y're on news Talk, saidb Gavin Gray
out of the UK. After news, we'll get to our
reporters around the country and news.
Speaker 1 (17:42):
And views you trust to start your day. It's early
edition with Ryan Bridge and One Room Make your property
search simple.
Speaker 5 (17:51):
Can you talk, Siv.
Speaker 2 (17:58):
Keep morning. It is twenty four minutes away from the
news talk, said b.
Speaker 3 (18:01):
We just had Barbara Edmonds, Labur's finance spokesperson on Nikola
Willis's budget, which she's trimming a lot of fat to
be trimmed. Kirsten says, oh, my goodness, this is what's
scary about labor. Thus, Ben Spin Spin Ryan God helped
the country. If Barbara ever gets her hands on the books,
and Dan says, surely that is not a person trying
to represent our country and finance. The thing about Barbara
(18:22):
is at least she understands the economy, the basics of it.
You couldn't say that for a lot of former labor
finance spokespeople produce now Scott Besson speaking of smart people,
he's the US Treasury secretary. He's the guy that you
want to listen to. This is my view anyway, from
what I can gather, he's the guy you want to
(18:42):
listen to. He's former Hedge fun guy, he's smart. Trump
obviously trusts him. He fronted a press conference with Leavitt
today and he's not the looney one, he's not Lutnik
the trade guy. Anyway, he comes out today and he
lays out the strategy. What he says the tariff strategy
as have a listen.
Speaker 5 (18:58):
I think one thing that has been a little disconcerting
for the markets is, you know, President Trump creates what
I would call strategic uncertainty in the negotiations. What we
are doing is we've created a process. I think the
aperture of uncertainty will be narrowing, and as we start
moving forward announcing deals, then there will be certainty. But
(19:22):
certainly is not necessarily a good thing in negotiating.
Speaker 3 (19:24):
In other words, yes, it's chaos now, but that's intentional,
and we want to get some trade deals done. In
other words, the end goal is not necessarily tariff revenue,
but it's bringing tariffs down. I mean, could we end
up could we see a world where we get more
free trade out of a Trump presidency than a Biden one?
You know, could this actually be? And we saw those polems,
(19:47):
could this actually be the low tide mark for Donald Trump?
If he gets the deals done, if he gets more
free trade with the big partners, plus a little bit
of tariff revenue from the rest of us that pays
for you, you know, your no tax on tips that
is promp must be Americans. He might be celebrated in
a year or two for that, you know, just a question. Meanwhile,
you've got Carnie on the other hand, who's celebrating today.
(20:09):
But as this is high tide mark, he's a guy
representing a party being in power for ten years, huge
social problems that aren't going to go away overnight. And
then what you've got the same party that's been in
there for fourteen years?
Speaker 2 (20:23):
Is this his high tide mark? Twenty two away from.
Speaker 3 (20:26):
Sex Bridge Show to our reporters around the country, Callum
Proctors and Dunedin for us this morning with an update
on the alcohol laws for the AB's test later this year.
Speaker 2 (20:34):
Clum, Good morning, Year morning Ryan.
Speaker 11 (20:37):
The city Council hes being asked to lift an alcohol
ban for the lower octagon for the test against France
here on July five. This is the only South Island
All Blacks tests of the year, so it's expected to
sell out. That'll be thirty thousand. Around eighteen thousand of
those fans will be from out of town. A report
to Council, says staff for proposing to create an octagon
hub for the event, including food and beverage offering and
(21:00):
also a giant beer tent and a bid to enhearance
the event. They're asking for council to consider a temporary
suspension of the alcohol band from midday to seven pm
that day.
Speaker 2 (21:10):
And how's your weather color?
Speaker 11 (21:12):
It's mostly cloudy today, chance of a shower or two
Southerlys and a high of only twelve today.
Speaker 2 (21:17):
Excellent clears and Christy, it's spading clear.
Speaker 3 (21:19):
Good morning, good morning.
Speaker 2 (21:20):
Now more records broken for Electric Avenue.
Speaker 3 (21:23):
Yes, that's right, Ryan.
Speaker 12 (21:24):
Look, this is the music festival that was held here.
It celebrated its tenth anniversary actually in February now we
believe or christ Church and Z stats say that this
has produced the largest spend of any local event potentially
since the nineteen seventy four Commonwealth Games were here. Now
seventy five thousand people went to Hagley Park over the
two days this February, around ten point five million dollars
(21:47):
was spent in christ Church. According to this new economic
impact report. To give you an idea, if we compare
that to the twenty twenty three sale GP here for example,
that resulted in a four million dollar spend. So the
festival director, Callum Mitchell, says, it's been phenomenal growth over
the past decade for Electric av and there's always more
improvements to keep making it bigger and better.
Speaker 6 (22:08):
He says he does.
Speaker 12 (22:09):
Feel a bit of pressure actually to deliver an event
of this scale, knowing what it means economically for the city.
Speaker 2 (22:14):
It's fantastic news. How's your wead to Claire.
Speaker 10 (22:16):
We're under a.
Speaker 12 (22:17):
Heavy rain warning at the moment for much of the
wider Canterbury area. Christchich itself has a heavy rain watch.
The warning in place until late tomorrow will have southerly'es
and a high of thirteen as well.
Speaker 3 (22:28):
All right, thanks so much for that. Maxim Wellington this morning, Max,
good morning, Good morning. You've got some good news finally
on this missing twelve year old.
Speaker 13 (22:35):
Yeah, a lot of coverage of the past few days
about a twelve year old Corrory kid, William Walsley. He
went missing Saturday night. Terrifying experience for the parents. Had
been in the CBD Saturday, not heard from it at
all until Monday when he told a friend he was okay.
The police found him yesterday in Lower Hut and brought
(22:56):
him home. They went full tech as well. Through that
text to his friend, police were able to track him
via his phone use. Walmsley is unharmed, but apparently we're
not yet at the bottom of what actually happened. It
had seemed like a runaway case. Walmsley had told his
friend had been had met other runaway kids in the
CBD and was with one of them. There were strangers
(23:18):
involved as well. Apparently the important thing though, right now
is that he's home safe.
Speaker 2 (23:22):
Yeah, yeah, that's great news. How's your weather, max.
Speaker 13 (23:25):
Rain heavy falls from this afternoon's strongest southerlyies as well
a high of sixteenth central.
Speaker 2 (23:30):
Thank you never, good morning, good morning.
Speaker 3 (23:32):
Now this beneficiary who got about one hundred and sixty
K in a bank account.
Speaker 2 (23:35):
And not who then spends it, Yes, could be in.
Speaker 14 (23:39):
Trouble, could be in trouble. Absolutely so. Look a Mount
Roskill pinchiner accidentally sent his retirement savings you know, to
the wrong account, like as you say, and that was
back to New Zealand from the UK WESTPEC have they've
got like twenty eight thousand dollars of that, but the
rest of it has gone on cars and all sorts
(23:59):
of things. What they're saying is that this person could
be prosecuted for theft. I hope they are. We were
talking about this in the news room because we thought,
would you do it?
Speaker 2 (24:08):
No, no, of course you wouldn't. You wouldn't do it,
do you know what?
Speaker 3 (24:11):
At worst, what you would do is set it aside,
not spend it, but just set it aside and see
if anyone, well, we'll just you know, see if anyone
comes to claim it at worst.
Speaker 14 (24:22):
At worst. And the other thing too that we were
talking about is that if you were a victim, say
like I mean, I remembered years ago, I found the
wallet in the mall and I didn't even open it.
I just picked it up, took it to customer service,
and you do that. But you know, like I thought,
oh well, depending on you know, would I expect like
a thirty dollars little reward? So most of us in
there thinking, you know, we would expect a little we reward.
(24:45):
Would you do that was too much?
Speaker 2 (24:47):
I think that might be a little too okay.
Speaker 3 (24:49):
But the thing is there we people out there who'll say, well,
this is a beneficiary who didn't have much money, so yes,
they're going to spend it.
Speaker 1 (24:56):
Absolutely.
Speaker 2 (24:57):
It doesn't make it right now, it doesn't make it right.
Speaker 14 (24:58):
Thank goodness, we're honest. Towns to wear the neighbor, Ryan
tuning to shew as possible thunderstorms from the afternoon. Another
warm one turn the earcon on Aucklander's twenty two Sighs.
Speaker 3 (25:07):
Seventeen to Sexy're on news, Talk to b We'll get
to Devin Gray in the UK.
Speaker 1 (25:11):
Next international correspondence with insign Eye Insurance Peace of Mind
for New Zealand Business fourteen to sex.
Speaker 3 (25:18):
Develop developing story for you this morning out of Sweden,
a shooting at a hear seal on Gavin Gray are
UK europe correspondent with the later skivin What do we know?
Speaker 15 (25:27):
Yeah, very sketchy details at the moment, Ryan, but we're
being told that potentially three people may have been killed.
Earlier reports suggested several, so it's probably somewhere in the middle,
I would have thought. As the news comes in in Uppsala,
a city in Sweden, now it's reported that right in
the city center there were a series of loud cracks
(25:48):
and bangs indicating gunfire. Members of the public called the
police saying that were gunshots being fired, and several people
were found in and around the city center with injuries
and gunshot wounds. It's being reported police say they're cording
off a large area of the city. There are gun laws,
of course in Sweden, but I'm afraid. Back in February,
(26:11):
in another Swedish city, ten people were killed in the
country's deadliest ever mashed suiting. There a thirty five year old,
unemployed loner open fire on students and teachers at an
adult education center. We don't know much more about today's shooting.
That suffice to say there'll be more questions about tightening
gun laws in Scandinavia.
Speaker 2 (26:29):
Devin, there's Spain, Portugal cyber Atteck.
Speaker 3 (26:32):
Well, not a cyber Atteck, but a power cut now
we know definitely not a cyber Attech.
Speaker 2 (26:37):
Is it possible that this weather thing could happen again.
Speaker 15 (26:40):
Yeah, that's the big fear, and I think lots of countries,
including the UK, thinking, well, hang on a minute, are
we sort of resilient enough to get through this if
it happened to us, Because let's not forget people were
stuck in lifts. The electric trains simply stopped mid stations
and you couldn't open the doors. It was a very
hot day yesterday in Spain and Portugal, and of course
(27:02):
the petrol pumps weren't working, and the cash registers weren't working,
and of course the credit cards weren't accepted, so all
of a sudden there was panic buying with cash. There
were cash machine cues that were very lengthy, but we
now looked like that are very large drop in energy
equivalent to sixty percent of the demand was suddenly lost
(27:22):
from the system. About fifteen Gigawa was in just five second.
So there's been a press conference in which it said
there were two disconnection events barely a second apart in
southwest Spain when there is a substantial solar power generation.
So whether it is this effort to use green energy
that suddenly caused a problem for not just Spain but
(27:45):
Portugal and bits of France as well is another matter.
It does appin most of these properties that were disconnected,
of which there were a vast areas of Spain and
Portugal in particular, it does look like that has now
been reconnected. But this a sudden drop in power is
obviously deeply worrying. The big investigation underway.
Speaker 3 (28:04):
All right, Gavin, appreciate your time. Gavin Gray are UK
europe correspondent. It is eleven minutes away from at six
to worry. These numbers coming out of Ordering at Tamadiki
this morning via a report from enz ME, more than
thirteen hundred kids who are overdue to be assigned a
social worker. On top of this, eighty one thousand reports
of concern. That's when people are worried about a kid,
(28:27):
they report it to Ordering a Tamidiki eighty one thousand
in the last year to March. That is a forty
five percent increase on the previous year. The chief executive
Child Matters Jane Seyle with us this morning.
Speaker 2 (28:37):
Jane, good morning, Good morning, Ryan. Now those overdue, So
the thirteen hundred kids overdue to be assigned a social worker,
that's ten days or more. How serious is that? Give
us an idea, Well.
Speaker 6 (28:50):
It's usually concerning. So you need to have social workers
in front of these children to understand what the risk is.
So the question is what does it mean or we
have an increase in unallocated cases. The answers increase risk
for our vulnerable kids.
Speaker 3 (29:03):
And a forty five percent increase in the reports of
concern just to clarify that's not necessarily eighty one thousand kids.
Is that there could be double.
Speaker 6 (29:13):
Ups there, So it's well, it depends how they calculate
it and if there are reports concerns about the same
children or the same children in one family. But I mean,
we've always sat high with our reports are concerns, but
these are the highest numbers that I've seen. What's called
that that's up to debate. We do know, of course
that that's as a fraction of the children that are
risk in the country, because report are concerned are only
(29:35):
a fraction of what we know is going on. So
it shows that are doing this committy keys increasingly swamped
with this workload. And if you're swamped to do the
work that you're meant to be doing, that's a huge concern.
Speaker 2 (29:46):
You said, it's up to debate about why.
Speaker 3 (29:48):
Obvious answers one is there's more abuse going on or
people are reporting it more.
Speaker 2 (29:53):
What do you say?
Speaker 6 (29:56):
I would say it could be a mixture of both.
But we know that there's a huge amount of underreporting
and what I hear from the social sector is that
probably there is less reporting from some serious cases. So
it's certainly not indicative of the fact that it's just
more being reported and that we're knowing what's going on more.
I don't think that's the case.
Speaker 3 (30:13):
Help This makes sense for me. Government says there's more
social workers going in, they've revamped the reporting system sixty
eight million dollars over four years or whatever it was
last year, and yet they are swamped. In your words,
what's going on?
Speaker 6 (30:27):
But the answer is that OT is a very big
ship to turn around and it is going to take years.
We always knew that, but I think that, I mean,
this shows that the capacity is storm it not what
it should be. And if our weight lists are growing,
then it's going to increase risk. So there's no there's
no way of talking around that.
Speaker 2 (30:42):
Jane. I appreciate your time this morning, Jane steal Child
Matters Chief Executive. It is nine minutes away from six,
Ryan Fred, you're on news Talk, said b we'll get
to Mike next.
Speaker 3 (30:52):
He's in the Actually, the government announced this morning Paul
Goldsmith has put out a release. You know, in twenty
twenty Cabinet let the prisoners who were on sentences of
less than three years vote because why not you know
that's a priority. Well was for them anyway. Paul Goldsmith
put out a press release this morning saying that we're
going to reverse that, so they'll be banned again.
Speaker 2 (31:12):
Eight to six.
Speaker 1 (31:14):
Ryan Bridge on Early Edition where one roof make your
Property Search Simple used dog Ziby.
Speaker 3 (31:21):
Good Morning at a six to six on newstalk. Zb
I said, yesterday we get some quarter one earnings reports
from the US. General Motors had theirs this morning, profit
down for quarter one and they've pulled their guidance. Jet
Blue Airways soft for quarter one again pulled their guidance,
which basically means they don't tell you how much they
think they're going to earn because they're just not sure.
They will have to tell us at some point. A
(31:42):
job's report out this morning from the US March job
Openings has actually looked okay. Consumer sentiment for April. It's
a survey, so take it with a grain of salt,
but was pretty bleak. Meanwhile, in China, state media have
released this video, including Ai sounding quite ominous against Trump's griffs.
Speaker 8 (32:01):
This is just like the deadly trap of the eye
of the storm.
Speaker 2 (32:04):
Bowling to a bully is like drinking poison. To quench thirst.
It only deepens the crisis quite grim five to six
Graying Bridge, you might.
Speaker 16 (32:14):
Good morning, very good morning to you. I was reading
a report yesterday speaking of all of that. There's an
analyst in America who's charted exactly when the American economy
is going to end up in recession. So what happens
at the moment is the ships don't come. When the
ships don't come in a couple of months, the shells
start to be empty, prices go up. So you've got
a combination of prices going up. So it's like the
(32:34):
Amazon story this morning or Addi dask this morning announced
that they're basically going to put all their prices up
and people are they going to pay them all. They're
not things like tam anyway. So the shelves didn't become
empty in a couple of months. At the point of
the shells becoming empty, the truck drivers start getting laid
off because they don't have anything to transport anymore. Once
they get laid off, unemployment starts to rise, spending cuts down,
and then you're into recession.
Speaker 3 (32:55):
So the end of summer, end of summer, I was
going to say, the Christian really is whether they are
already in recess.
Speaker 16 (33:00):
Well that's the thing, of course, it's retrospective.
Speaker 2 (33:03):
Of course.
Speaker 16 (33:03):
But by the time the end of some of the
analyst said, it will be abundantly obvious to everybody that
America will be in recession.
Speaker 3 (33:10):
It's got business this morning saying, look, I've done this
a long time and I don't really listen to the surveys.
Speaker 2 (33:15):
That's cool.
Speaker 3 (33:16):
The sentiment surveys don't really mean much to me, but
look at the hard data.
Speaker 16 (33:20):
They will when they have the midterms next year and
things go really wrong. You can ask old Polyevan Canada
just just what it's like to lose your seat precisely,
and so, you know, it's amazing how the vota will
turn on you when times are tough.
Speaker 3 (33:35):
See I reckon with Carney. This will be his high
tide mark because all of those problems that they hated.
Speaker 2 (33:40):
The Liberals or you know, just a few nuts think
nothing's changed, nothing's changed.
Speaker 16 (33:44):
Very important to remember too, when you look at that result,
it's actually that everyone's going, oh, it's incredible. The liberals one.
It's not incredible.
Speaker 2 (33:50):
The Liberals one.
Speaker 16 (33:50):
They've only just one they've only just won and Carney.
No one knows who he is. Barker, he's no different
to Trudeau. He a lovely like Trudeau. Wantz And so
you're right.
Speaker 3 (34:02):
And if they don't get the majority, they're going to
be pulled even further left by this correct you know,
left party first animation for now. But let's see how
the whole thing's actually unfolds solve the world's problems.
Speaker 2 (34:13):
Mike. Just a couple of minutes. Mike is here. We've
been next to have a great day. See tomorrow.
Speaker 1 (34:23):
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 used dogs.
Speaker 2 (00:11):
That'd be good morning.
Speaker 3 (00:13):
It is six after five Wednesday, the thirtieth of April.
Speaker 2 (00:16):
Great to have your company this morning.
Speaker 3 (00:18):
We have a story for its news story this morning
on auditing a tumid ecre bit of a worry.
Speaker 2 (00:22):
A thousand kids are on a weight list.
Speaker 3 (00:25):
Someone reports them to ordering a tumbdykey says they're worried
about them. A thousand kids are on a weight list
and not being seen in the time that they should.
Speaker 2 (00:33):
We'll look at that. Just before six o'clock.
Speaker 3 (00:34):
This morning, we're in Ottawa for the latest on the
Canadian election. We'll have Gavin Gray in the UK and
lotsmall little bits for you this morning to keep you going.
Six after five.
Speaker 1 (00:46):
The agenda.
Speaker 3 (00:48):
Carnie's revived the Liberal Party in Canada, scoring a fourth
term for them. The Trump bump was real, It turns
out a lot of tough talk. Question this morning whether
he follows through on it right.
Speaker 4 (00:59):
Ties to the United States economically are so deep and
multifaceted that it's hard to imagine the situation, certainly in
which we cut them completely or in fact significantly reduce them.
We want to be talking to other partners. We want
to find a more rational way forward with the United States.
Speaker 3 (01:18):
We'll head to Ottawa for the latest and just a
couple of minutes. One hundred days, the Trump kicks off
with a scrap with Amazon.
Speaker 2 (01:24):
They were reportedly going to.
Speaker 3 (01:26):
List Trump's tariffs alongside shipping costs at the bottom of
the page when you got to pay for stuff. Trump
went nuts. Here is Caroline Livitt.
Speaker 5 (01:34):
This is a hostile and political act by Amazon.
Speaker 6 (01:38):
Why did Amazon do this.
Speaker 5 (01:39):
When the Biden administration heighted plation to the highest level
in forty years.
Speaker 4 (01:44):
It's not a surprise because, as Reuters recently.
Speaker 7 (01:47):
Wrote, Amazon, Amazon has partnered with a Chinese propaganda arm.
Speaker 3 (01:53):
So the Paul yeah sorry, sheer price has gone up
and down in the I'll bring you up to speed
on this because there's been a development in the last
few minutes. Mike Johnson's speak out on the Defense this
morning over those bad.
Speaker 2 (02:03):
Poll numbers we told you about earlier in the week.
Speaker 8 (02:06):
What they're seeing and what the real polling is showing
is that they understand that we're headed somewhere. This is
the out of the gates, all these big achievements that
we just recounted, and I said, we're just getting started.
Speaker 3 (02:17):
So over in Spain Portugal, they've officially ruled out a
cyber attack. It was the weather actually that caused the
mass power cut. The Spanish Prime Minister promising a full investigation.
Speaker 9 (02:27):
We want to understand what has happened. We want to
adopt the measures so as to ensure that this does
not happen again. The technicians of the electricity grid are
continuing with their analysis of the situation. We heard that
there will be preliminary results shared in the next few
hours of days.
Speaker 2 (02:42):
The news you.
Speaker 1 (02:42):
Need this morning and the in depth analysis early edition
with Ryan Bridge and One Room Make your Property Search
Simple News Talks.
Speaker 3 (02:51):
It'd be good morning to you. Great to have your company.
Nine minutes half to five. Nine ninety two is the
number to text. We'd love to hear from you this morning.
Now I'm going to say one thing about the completely
delusional Wellington mayor and then nothing else ever again maybe never,
I mean, maybe I will do it again, but at
least for today, Okay, because there are far more important
things going on in the world right now.
Speaker 2 (03:11):
It actually doesn't matter. But just one final thing, just
a little thing. Did you know she's.
Speaker 3 (03:16):
Gone off on an overseas holiday to celebrate the fact that.
Speaker 2 (03:19):
She's no longer running for mayor.
Speaker 3 (03:21):
Yes, toriy Faro is right now on a plane somewhere.
You cannot make this stuff up. It's like an episode
of Yes Minister, a really bad one.
Speaker 2 (03:30):
The politician who said she was just.
Speaker 3 (03:32):
Yesterday, remember, determined to sign all the contracts possible for
the Golden Mile. And the short time she's got left
in office, she's going to miss today's council meeting, and
she's going to miss a local government New Zealand meeting
of mayor's chairs and chief executives from the across the
country tomorrow. Now on to more important matters, the budget deficits.
(03:54):
We're going to talk about them a lot this morning.
Why because borrowing costs are high. We know this government's
have been splashing the cash post COVID our jet to
debt to GDP double to forty percent, meant to go
possibly to forty five. So Willis yesterday announced that she's
raining it in. It is game time over in the
States for Trump's big, beautiful budget bill.
Speaker 2 (04:16):
Today.
Speaker 3 (04:17):
This is to pay for the tax cuts and the
beefing up of the border, he's going to have to
slash and burn your medicaid, your benefits on the chopping block,
all that kind of stuff. So they're kicking off the
markup sessions in the House today to get this thing done,
and even once they do, they will still have one
of the biggest hikes to the federal deficit in recent
history in the US. We'll speak to Labour's finance spokesperson
(04:38):
about Nichola's budget inside the next twenty minutes here, but
here is the upshot of all of this for you
this morning. If you've got a mortgage, the sugar free diet,
that's what Nicolas got us on, basically, sugar free diet
could actually be good news is going to be good
news for you. Why because it shifts the onus forgetting
(05:00):
the economy moving from Nicola Willis's pouch to the reserve banks.
Nichola is not going to swipe the credit card to
get this thing moving. So poor old Christian Hawksby, who's
only going to be there for six months unless he
gets the full time job, he's going to have to
do the lifting for her, and that means lower interest rates,
(05:22):
ASB came out last night and said this. Remember they
were aiming for neutral by Christmas. That's three percent. That's
seventy five points off by December. Some of the economists
already reckon, we'll go lower than that two point seventy five.
One even said two point five. So Trump aside.
Speaker 2 (05:37):
The question this.
Speaker 3 (05:37):
Morning, and it's a good one if you have a mortgage,
is just how low do we go?
Speaker 2 (05:43):
Eleven minutes after five.
Speaker 3 (05:44):
Coming up next, we're speaking of Reserve Bank governors and politicians.
Carney has been both. He's now in charge of Canada
Proper and we're in Ottawa for the latest.
Speaker 1 (05:56):
Get ahead of the headlines on early edition with Ryan
and one roof Make Your Property Search Simple News Talk ZAB.
Speaker 2 (06:04):
Five fourteen on News Talks HEB.
Speaker 3 (06:06):
So this report, I'll just bring you up to speed
with the latest on this Amazon thing this morning. So
Amazon was going to list the tariff cost on the
checkout when you go.
Speaker 2 (06:14):
To pay for stuff.
Speaker 3 (06:15):
You know, when you go and it'll say this is
your GST or your VAT, this is your shipping cost.
They were then going to put basically like Trump's tariffs
and how much it was going.
Speaker 2 (06:25):
To cost you.
Speaker 3 (06:25):
This was the report in the press this morning. Trump
when Nato gets on the phone to Bezos, Bezos gets
on the blower, he calls his team and there's a
full back down. This is the statement from Tim Doyle.
They wheeled him out. Amazon spokesperson this morning. The team
that runs out ultra low cost Amazon Hall store considered
the idea of listening import changes on certain products. This
(06:48):
was never approved and is not going to happen. That's
how your unfart when Trump gets angry. It's just gone
quarter past five, Ryan Bridge. So the Trump boo speaking
of was real. Canti's won the Canadian election. Insult to
injury this morning for Pierre Pogiev, the guy Cannie beat.
He's projicted to lose his seat in the House of
Commons too. He's held it for twenty years now. Some
(07:10):
liberals are going to take it off him. He's lost
the chance of becoming Prime minister, end his seat. That
is a bad day at the office. Feature Storying News
political analyst Nick harpers with us this morning.
Speaker 2 (07:18):
Nick, Good morning, Good morning, Ryan. That's pretty embarrassing for him,
isn't it.
Speaker 7 (07:23):
Oh complete disaster? Like you say, he has been and
then being for a very long time. He's been there
and he's been going through a lot of things, and
he thought three months ago that he was going to
be leading Canada into the foreseeable future. But then we
saw this tremendous turnaround in the polls. The Conservatives' double
point lead suddenly completely fell away, and going into the election,
(07:45):
the Liberals were leading it. As we saw on the light,
the Liberals took a fourth term, mark Carney remaining as
the Prime Minister. He was there for a few weeks
ahead of the election after he took over from Justin Trudeau.
He will now be serving a full term as Prime minister.
Before Donald Trump came into office, this seemed unthinkable because
Canada was quite simply fed up with Liberals, fed up
(08:07):
with Justin Trudeau at the head of the party. He
stepped down at a time when he was particularly unpopular,
and the thinking was that this was going to be
a referendum on Justin Trudeau and therefore the other party,
the Conservatives, would have won. That's not what happened, largely
because of the Trump effect and everything that he's been
saying about Canada over the last few.
Speaker 3 (08:26):
Monthsick obviously an incredible feat for him. But is this
I just wonder, is this the high tide mark for
mac Canney. You know, sure Trump helped unite Canada, but
all of those problems that had Polly of twenty five
points that here just a few weeks ago haven't gone away.
The cost of living, the crime.
Speaker 2 (08:43):
And you've had a decade of liberal rule.
Speaker 3 (08:45):
Now he's got a hell of a job, doesn't he.
Speaker 7 (08:48):
He has. Yeah, there are plenty of problems that many
Canadians were nunhappy with, housing, the cost of living, problems
with the healthcare system, immigration, all of those problems are
things that Mark Carney needs to tackle while also trying
to unite the country around Donald Trump. We could see
tariffs potentially disappear overnight. We know that Donald Trump likes
to change things really day by day with one tweet
(09:11):
or another. Of course, if those all disappear, suddenly, this
reason why he was elected as Prime minister vanishes, and
those big problems that Canadians really want to be dealt
with something that he will then have to tackle. I mean,
it's going to be a tough time for him. He
has a tremendous to do list to try and work
out and that's not without mentioning the fact that he
will have to deal with his nearest neighbor, the United States,
(09:33):
and try and work out a trade policy in a
way that the two countries can move forward together.
Speaker 3 (09:37):
Yeah, hey, just quickly, there's one hundred and seventy two,
the magic number for a majority with no idea yet
whither they've got the.
Speaker 7 (09:43):
Yet no, not quite there yet, and it could be that,
you know, he will need to scrabble around for some
other parties to be able to build that coalition. It
could be difficult for him to do, and of course
that reduces his ability his mandate to lead the country
if he hasn't got quite the majority he needs.
Speaker 3 (10:00):
Nick, appreciate your time. Great to have you on feature story.
News political analyst Nick Harper with us this morning. Quebecua
is the party that will hold the balance of power
should they not reach one hundred and seventy two. They're
a left leaning regional party. Eighteen minutes after five, your
News Talk said b Barb is here next, Barbara Edmonds
from Labor. She's gonna have a crack at Nickeler about
the budget announcement yesterday on.
Speaker 1 (10:22):
Your radio and online on iHeartRadio early edition with Ryan
Bridge and one roof to make your property search simple.
News Talk said be.
Speaker 3 (10:32):
Five twenty Gavin Gray Amen in the UK. Europe is
with us after the half news. This is on the
latest for Spain and Portugal right now. The government harving
the operating allowance and this budget to one point three
billion it was two point four billion billions and savings
will be found to fund new stuff, health, education, cops, defense,
They're all getting a boost, according to the minister yesterday.
(10:52):
Labour's finance spokesperst and Barbara Evans will be this morning.
Speaker 2 (10:54):
Barbara, good morning, Good morning, Ryan.
Speaker 10 (10:57):
How are you.
Speaker 2 (10:58):
I'm very well, thank you. Good to have you on.
Speaker 3 (10:59):
Did you see that note from ASB last night They're
perking interest rates will have to go lower to do
more of the heavy lifting for growth.
Speaker 2 (11:05):
What do you make of it?
Speaker 10 (11:07):
Yeah, that I've seen that commentary a little bit as
well online from different economists and that's really to help
stimulate the economy and growth. So if that's the case,
I mean, I know the Reserve Bank governor or the
previous guy said that there'll be two cuts before the
middle of the year. So the Financial Stability Report will
come out next week, so it'll be interesting to see
(11:30):
where they land.
Speaker 3 (11:30):
That would be a good thing, though, wouldn't it. I mean,
if you have the Reserve Bank doing more of the
heavy lifting bringing our mortgage rates down so we're not
so poor, is that not a good outcome?
Speaker 10 (11:42):
Yeah, that is a good outcome if you've got a
mortgage and if you rent, obviously, But it's very much
clear that it's at the economy is not growing.
Speaker 2 (11:52):
Yeah, yeah, yeah, I know, But I mean, well, who's
is at the moment? I suppose that's the problem, isn't it.
Speaker 3 (11:58):
So the surplus, that's what we want to get to, right,
and this is why she's she's cut the operating allowance
because she wants to get that surplus by twenty twenty nine.
Speaker 2 (12:06):
Is that not a laudable goal?
Speaker 10 (12:08):
Well, it comes down to what are the choices she's
going to have to make to get to that surplus.
So again we've had concerns around productivity. We want to
make sure that that they're smart investment. You know, it's
really clear and New Zealand does have a productivity issue
and some of those key areas like innovation, research and development,
(12:30):
that's where smart governments.
Speaker 3 (12:32):
Totally, but that we've had those problems for thirty years now,
haven't we If we're looking at the here and now,
surely the bigger issue is the debt. You know, debt
to GDP is forty percent heading to forty five. It's
twice what it was pre COVID. Borrowing costs are going up.
You know, what do we do if we have an earthquake?
What do we do if there's a cyclone? You know,
we've got Trump and his terrace. We're a small trading nation.
(12:55):
When is a good time to get to surplus and
start paying down debt?
Speaker 2 (12:58):
Barbara?
Speaker 10 (12:59):
Yeah, And the point is key that as long as
the economy is growing, your deep to GDP measure will fall.
So that's the really important part to it. You know,
labor had a surplus before we went into COVID in
twenty nineteen of seven billion dollars. And you're right, you
put the umbrella up when you need to when there's
a pandemic, when there was a cyclone, so it's making
(13:22):
sure you have that headroom.
Speaker 2 (13:23):
Was there a little too much umbrella? Do you think?
Speaker 10 (13:27):
Well, we had to invest to keep people in jobs.
We had the lowest COVID mortality rates in the world.
You know, we had record low employment when Treasury was
forecasting economic but it.
Speaker 3 (13:38):
Was all going to have to be paid for at
some point, which is what's happening now, isn't it. I mean,
that's the lesson we've learned, Barbara.
Speaker 10 (13:45):
And that's the interesting thing is that actually we only
went into a recession last year. We were actually still
growing in the Treasury said that to me.
Speaker 3 (13:54):
The Treasury economists, sorry, say that again. The Treasury chief
economist told you that the growth that.
Speaker 10 (14:00):
We had been growing, we still had actual marginal growth
post COVID, And actually we only went into recession the
last three quarters of the last financial year.
Speaker 2 (14:10):
Yeah, everybody knows that.
Speaker 3 (14:11):
But you're not saying that's just because we had a
national government, are you.
Speaker 10 (14:15):
No, all we're saying that this is where choices really matter.
But the choices houses you keep construction workers in jobs,
you build homes. Government's pulling back at a time when
they should be investing.
Speaker 3 (14:27):
But you guys went too HUNDI, didn't you. And you
mentioned the fact we were growing, but inflation was through
the roof. We had to bring that under control. That's
what's happening now.
Speaker 10 (14:37):
And that goes to your earlier points right around the
Reserve Bank having to do a lot of that heavy lifting,
and they believed that they needed to hike interest rates
up to bring inflation down because that's their mandate. So
seeing that ASB the commentators are saying, well, they think
interest rates are going to drop further, that's the Reserve
Bank doing their job.
Speaker 3 (14:55):
All right, I really appreciate you coming on the show
as always. Barbara Edmonds, Labour's finance spokesperson. Twenty five minutes
after five News Talks have been.
Speaker 1 (15:02):
The early edition full show podcast on iHeartRadio how It
By News Talks AB.
Speaker 3 (15:09):
Five twenty seven News Talk said, B, where you can't
say that we weren't warned. Nikola Willis will be taking
to government spending like a butcher to a fresh carcass.
She has been saying that for months. Yesterday she has
the operating alliance to one point three billion. All this
because she wants to do what she said she'd do
and planned to do, and that's balanced the books by
twenty twenty nine. The recessions cut her tax takes, So
(15:31):
you either push your surplus out or you trim your
spending labor. Of course, says this is austerity and it's
bad and we should be spending more, not less. Well,
we know where that got us, don't We waiste deep
in our own shite shape that Willis is now wading
her way through trying to clean it up. Budgets are
just bigger versions of what we all do in our
own day to day lives. We make decisions, We make
(15:52):
choices about how much to spend, how much to borrow,
what we spend on, and more importantly, what we don't.
And if you ask most kiwis today what they're doing
right now, are they doing a Hipkins borrowing and splashing
the cash, stacking the pantry with nice brand, spanking new purchases.
Or are they doing a Willis spending on the stuff
(16:14):
that you need, cutting the stuff that you don't, and
trying to balance your budget so you can start paying
down your debt. I reckon most Kiwis are doing the latter,
and in that score, she's on the money. But here's
the thing to worry about, and it's a worry every
time there's an election. The political calculation for budget twenty
twenty five will be very different to Budget twenty twenty six.
(16:36):
You can get away with running a tight ship in
the off season, but next year we're going to the polls.
Just look across the Tasman for a whiff of how
mad that makes us and by extension, our politicians. Elbow's
borrowing so much for his spand angle election promises that
stand in pause, threatening to downgrade their triple A credit rating.
Debt funded elections, spending so out the gate, it's pushing
(16:59):
government out outlays to the highest levels since World War Two.
They're now promising to cut seven billion dollars out of
the public service. Least they pushed the boat out too far.
And this is a labor government across the testament. Let's
not forget the coalition's been dining out on the credit
card too. It's not just the lefties. And this is
the lesson and the warning this morning. Being frugal and
(17:22):
thrifty is easy when you're not trying to buy an election.
So yes, Willis is making the right noises for now,
but next year might just be a different story.
Speaker 1 (17:33):
Bryan Bridge.
Speaker 3 (17:34):
By twenty nine, Y're on news Talk, saidb Gavin Gray
out of the UK. After news, we'll get to our
reporters around the country and news.
Speaker 1 (17:42):
And views you trust to start your day. It's early
edition with Ryan Bridge and One Room Make your property
search simple.
Speaker 5 (17:51):
Can you talk, Siv.
Speaker 2 (17:58):
Keep morning. It is twenty four minutes away from the
news talk, said b.
Speaker 3 (18:01):
We just had Barbara Edmonds, Labur's finance spokesperson on Nikola
Willis's budget, which she's trimming a lot of fat to
be trimmed. Kirsten says, oh, my goodness, this is what's
scary about labor. Thus, Ben Spin Spin Ryan God helped
the country. If Barbara ever gets her hands on the books,
and Dan says, surely that is not a person trying
to represent our country and finance. The thing about Barbara
(18:22):
is at least she understands the economy, the basics of it.
You couldn't say that for a lot of former labor
finance spokespeople produce now Scott Besson speaking of smart people,
he's the US Treasury secretary. He's the guy that you
want to listen to. This is my view anyway, from
what I can gather, he's the guy you want to
(18:42):
listen to. He's former Hedge fun guy, he's smart. Trump
obviously trusts him. He fronted a press conference with Leavitt
today and he's not the looney one, he's not Lutnik
the trade guy. Anyway, he comes out today and he
lays out the strategy. What he says the tariff strategy
as have a listen.
Speaker 5 (18:58):
I think one thing that has been a little disconcerting
for the markets is, you know, President Trump creates what
I would call strategic uncertainty in the negotiations. What we
are doing is we've created a process. I think the
aperture of uncertainty will be narrowing, and as we start
moving forward announcing deals, then there will be certainty. But
(19:22):
certainly is not necessarily a good thing in negotiating.
Speaker 3 (19:24):
In other words, yes, it's chaos now, but that's intentional,
and we want to get some trade deals done. In
other words, the end goal is not necessarily tariff revenue,
but it's bringing tariffs down. I mean, could we end
up could we see a world where we get more
free trade out of a Trump presidency than a Biden one?
You know, could this actually be? And we saw those polems,
(19:47):
could this actually be the low tide mark for Donald Trump?
If he gets the deals done, if he gets more
free trade with the big partners, plus a little bit
of tariff revenue from the rest of us that pays
for you, you know, your no tax on tips that
is promp must be Americans. He might be celebrated in
a year or two for that, you know, just a question. Meanwhile,
you've got Carnie on the other hand, who's celebrating today.
(20:09):
But as this is high tide mark, he's a guy
representing a party being in power for ten years, huge
social problems that aren't going to go away overnight. And
then what you've got the same party that's been in
there for fourteen years?
Speaker 2 (20:23):
Is this his high tide mark? Twenty two away from.
Speaker 3 (20:26):
Sex Bridge Show to our reporters around the country, Callum
Proctors and Dunedin for us this morning with an update
on the alcohol laws for the AB's test later this year.
Speaker 2 (20:34):
Clum, Good morning, Year morning Ryan.
Speaker 11 (20:37):
The city Council hes being asked to lift an alcohol
ban for the lower octagon for the test against France
here on July five. This is the only South Island
All Blacks tests of the year, so it's expected to
sell out. That'll be thirty thousand. Around eighteen thousand of
those fans will be from out of town. A report
to Council, says staff for proposing to create an octagon
hub for the event, including food and beverage offering and
(21:00):
also a giant beer tent and a bid to enhearance
the event. They're asking for council to consider a temporary
suspension of the alcohol band from midday to seven pm
that day.
Speaker 2 (21:10):
And how's your weather color?
Speaker 11 (21:12):
It's mostly cloudy today, chance of a shower or two
Southerlys and a high of only twelve today.
Speaker 2 (21:17):
Excellent clears and Christy, it's spading clear.
Speaker 3 (21:19):
Good morning, good morning.
Speaker 2 (21:20):
Now more records broken for Electric Avenue.
Speaker 3 (21:23):
Yes, that's right, Ryan.
Speaker 12 (21:24):
Look, this is the music festival that was held here.
It celebrated its tenth anniversary actually in February now we
believe or christ Church and Z stats say that this
has produced the largest spend of any local event potentially
since the nineteen seventy four Commonwealth Games were here. Now
seventy five thousand people went to Hagley Park over the
two days this February, around ten point five million dollars
(21:47):
was spent in christ Church. According to this new economic
impact report. To give you an idea, if we compare
that to the twenty twenty three sale GP here for example,
that resulted in a four million dollar spend. So the
festival director, Callum Mitchell, says, it's been phenomenal growth over
the past decade for Electric av and there's always more
improvements to keep making it bigger and better.
Speaker 6 (22:08):
He says he does.
Speaker 12 (22:09):
Feel a bit of pressure actually to deliver an event
of this scale, knowing what it means economically for the city.
Speaker 2 (22:14):
It's fantastic news. How's your wead to Claire.
Speaker 10 (22:16):
We're under a.
Speaker 12 (22:17):
Heavy rain warning at the moment for much of the
wider Canterbury area. Christchich itself has a heavy rain watch.
The warning in place until late tomorrow will have southerly'es
and a high of thirteen as well.
Speaker 3 (22:28):
All right, thanks so much for that. Maxim Wellington this morning, Max,
good morning, Good morning. You've got some good news finally
on this missing twelve year old.
Speaker 13 (22:35):
Yeah, a lot of coverage of the past few days
about a twelve year old Corrory kid, William Walsley. He
went missing Saturday night. Terrifying experience for the parents. Had
been in the CBD Saturday, not heard from it at
all until Monday when he told a friend he was okay.
The police found him yesterday in Lower Hut and brought
(22:56):
him home. They went full tech as well. Through that
text to his friend, police were able to track him
via his phone use. Walmsley is unharmed, but apparently we're
not yet at the bottom of what actually happened. It
had seemed like a runaway case. Walmsley had told his
friend had been had met other runaway kids in the
CBD and was with one of them. There were strangers
(23:18):
involved as well. Apparently the important thing though, right now
is that he's home safe.
Speaker 2 (23:22):
Yeah, yeah, that's great news. How's your weather, max.
Speaker 13 (23:25):
Rain heavy falls from this afternoon's strongest southerlyies as well
a high of sixteenth central.
Speaker 2 (23:30):
Thank you never, good morning, good morning.
Speaker 3 (23:32):
Now this beneficiary who got about one hundred and sixty
K in a bank account.
Speaker 2 (23:35):
And not who then spends it, Yes, could be in.
Speaker 14 (23:39):
Trouble, could be in trouble. Absolutely so. Look a Mount
Roskill pinchiner accidentally sent his retirement savings you know, to
the wrong account, like as you say, and that was
back to New Zealand from the UK WESTPEC have they've
got like twenty eight thousand dollars of that, but the
rest of it has gone on cars and all sorts
(23:59):
of things. What they're saying is that this person could
be prosecuted for theft. I hope they are. We were
talking about this in the news room because we thought,
would you do it?
Speaker 2 (24:08):
No, no, of course you wouldn't. You wouldn't do it,
do you know what?
Speaker 3 (24:11):
At worst, what you would do is set it aside,
not spend it, but just set it aside and see
if anyone, well, we'll just you know, see if anyone
comes to claim it at worst.
Speaker 14 (24:22):
At worst. And the other thing too that we were
talking about is that if you were a victim, say
like I mean, I remembered years ago, I found the
wallet in the mall and I didn't even open it.
I just picked it up, took it to customer service,
and you do that. But you know, like I thought,
oh well, depending on you know, would I expect like
a thirty dollars little reward? So most of us in
there thinking, you know, we would expect a little we reward.
(24:45):
Would you do that was too much?
Speaker 2 (24:47):
I think that might be a little too okay.
Speaker 3 (24:49):
But the thing is there we people out there who'll say, well,
this is a beneficiary who didn't have much money, so yes,
they're going to spend it.
Speaker 1 (24:56):
Absolutely.
Speaker 2 (24:57):
It doesn't make it right now, it doesn't make it right.
Speaker 14 (24:58):
Thank goodness, we're honest. Towns to wear the neighbor, Ryan
tuning to shew as possible thunderstorms from the afternoon. Another
warm one turn the earcon on Aucklander's twenty two Sighs.
Speaker 3 (25:07):
Seventeen to Sexy're on news, Talk to b We'll get
to Devin Gray in the UK.
Speaker 1 (25:11):
Next international correspondence with insign Eye Insurance Peace of Mind
for New Zealand Business fourteen to sex.
Speaker 3 (25:18):
Develop developing story for you this morning out of Sweden,
a shooting at a hear seal on Gavin Gray are
UK europe correspondent with the later skivin What do we know?
Speaker 15 (25:27):
Yeah, very sketchy details at the moment, Ryan, but we're
being told that potentially three people may have been killed.
Earlier reports suggested several, so it's probably somewhere in the middle,
I would have thought. As the news comes in in Uppsala,
a city in Sweden, now it's reported that right in
the city center there were a series of loud cracks
(25:48):
and bangs indicating gunfire. Members of the public called the
police saying that were gunshots being fired, and several people
were found in and around the city center with injuries
and gunshot wounds. It's being reported police say they're cording
off a large area of the city. There are gun laws,
of course in Sweden, but I'm afraid. Back in February,
(26:11):
in another Swedish city, ten people were killed in the
country's deadliest ever mashed suiting. There a thirty five year old,
unemployed loner open fire on students and teachers at an
adult education center. We don't know much more about today's shooting.
That suffice to say there'll be more questions about tightening
gun laws in Scandinavia.
Speaker 2 (26:29):
Devin, there's Spain, Portugal cyber Atteck.
Speaker 3 (26:32):
Well, not a cyber Atteck, but a power cut now
we know definitely not a cyber Attech.
Speaker 2 (26:37):
Is it possible that this weather thing could happen again.
Speaker 15 (26:40):
Yeah, that's the big fear, and I think lots of countries,
including the UK, thinking, well, hang on a minute, are
we sort of resilient enough to get through this if
it happened to us, Because let's not forget people were
stuck in lifts. The electric trains simply stopped mid stations
and you couldn't open the doors. It was a very
hot day yesterday in Spain and Portugal, and of course
(27:02):
the petrol pumps weren't working, and the cash registers weren't working,
and of course the credit cards weren't accepted, so all
of a sudden there was panic buying with cash. There
were cash machine cues that were very lengthy, but we
now looked like that are very large drop in energy
equivalent to sixty percent of the demand was suddenly lost
(27:22):
from the system. About fifteen Gigawa was in just five second.
So there's been a press conference in which it said
there were two disconnection events barely a second apart in
southwest Spain when there is a substantial solar power generation.
So whether it is this effort to use green energy
that suddenly caused a problem for not just Spain but
(27:45):
Portugal and bits of France as well is another matter.
It does appin most of these properties that were disconnected,
of which there were a vast areas of Spain and
Portugal in particular, it does look like that has now
been reconnected. But this a sudden drop in power is
obviously deeply worrying. The big investigation underway.
Speaker 3 (28:04):
All right, Gavin, appreciate your time. Gavin Gray are UK
europe correspondent. It is eleven minutes away from at six
to worry. These numbers coming out of Ordering at Tamadiki
this morning via a report from enz ME, more than
thirteen hundred kids who are overdue to be assigned a
social worker. On top of this, eighty one thousand reports
of concern. That's when people are worried about a kid,
(28:27):
they report it to Ordering a Tamidiki eighty one thousand
in the last year to March. That is a forty
five percent increase on the previous year. The chief executive
Child Matters Jane Seyle with us this morning.
Speaker 2 (28:37):
Jane, good morning, Good morning, Ryan. Now those overdue, So
the thirteen hundred kids overdue to be assigned a social worker,
that's ten days or more. How serious is that? Give
us an idea, Well.
Speaker 6 (28:50):
It's usually concerning. So you need to have social workers
in front of these children to understand what the risk is.
So the question is what does it mean or we
have an increase in unallocated cases. The answers increase risk
for our vulnerable kids.
Speaker 3 (29:03):
And a forty five percent increase in the reports of
concern just to clarify that's not necessarily eighty one thousand kids.
Is that there could be double.
Speaker 6 (29:13):
Ups there, So it's well, it depends how they calculate
it and if there are reports concerns about the same
children or the same children in one family. But I mean,
we've always sat high with our reports are concerns, but
these are the highest numbers that I've seen. What's called
that that's up to debate. We do know, of course
that that's as a fraction of the children that are
risk in the country, because report are concerned are only
(29:35):
a fraction of what we know is going on. So
it shows that are doing this committy keys increasingly swamped
with this workload. And if you're swamped to do the
work that you're meant to be doing, that's a huge concern.
Speaker 2 (29:46):
You said, it's up to debate about why.
Speaker 3 (29:48):
Obvious answers one is there's more abuse going on or
people are reporting it more.
Speaker 2 (29:53):
What do you say?
Speaker 6 (29:56):
I would say it could be a mixture of both.
But we know that there's a huge amount of underreporting
and what I hear from the social sector is that
probably there is less reporting from some serious cases. So
it's certainly not indicative of the fact that it's just
more being reported and that we're knowing what's going on more.
I don't think that's the case.
Speaker 3 (30:13):
Help This makes sense for me. Government says there's more
social workers going in, they've revamped the reporting system sixty
eight million dollars over four years or whatever it was
last year, and yet they are swamped. In your words,
what's going on?
Speaker 6 (30:27):
But the answer is that OT is a very big
ship to turn around and it is going to take years.
We always knew that, but I think that, I mean,
this shows that the capacity is storm it not what
it should be. And if our weight lists are growing,
then it's going to increase risk. So there's no there's
no way of talking around that.
Speaker 2 (30:42):
Jane. I appreciate your time this morning, Jane steal Child
Matters Chief Executive. It is nine minutes away from six,
Ryan Fred, you're on news Talk, said b we'll get
to Mike next.
Speaker 3 (30:52):
He's in the Actually, the government announced this morning Paul
Goldsmith has put out a release. You know, in twenty
twenty Cabinet let the prisoners who were on sentences of
less than three years vote because why not you know
that's a priority. Well was for them anyway. Paul Goldsmith
put out a press release this morning saying that we're
going to reverse that, so they'll be banned again.
Speaker 2 (31:12):
Eight to six.
Speaker 1 (31:14):
Ryan Bridge on Early Edition where one roof make your
Property Search Simple used dog Ziby.
Speaker 3 (31:21):
Good Morning at a six to six on newstalk. Zb
I said, yesterday we get some quarter one earnings reports
from the US. General Motors had theirs this morning, profit
down for quarter one and they've pulled their guidance. Jet
Blue Airways soft for quarter one again pulled their guidance,
which basically means they don't tell you how much they
think they're going to earn because they're just not sure.
They will have to tell us at some point. A
(31:42):
job's report out this morning from the US March job
Openings has actually looked okay. Consumer sentiment for April. It's
a survey, so take it with a grain of salt,
but was pretty bleak. Meanwhile, in China, state media have
released this video, including Ai sounding quite ominous against Trump's griffs.
Speaker 8 (32:01):
This is just like the deadly trap of the eye
of the storm.
Speaker 2 (32:04):
Bowling to a bully is like drinking poison. To quench thirst.
It only deepens the crisis quite grim five to six
Graying Bridge, you might.
Speaker 16 (32:14):
Good morning, very good morning to you. I was reading
a report yesterday speaking of all of that. There's an
analyst in America who's charted exactly when the American economy
is going to end up in recession. So what happens
at the moment is the ships don't come. When the
ships don't come in a couple of months, the shells
start to be empty, prices go up. So you've got
a combination of prices going up. So it's like the
(32:34):
Amazon story this morning or Addi dask this morning announced
that they're basically going to put all their prices up
and people are they going to pay them all. They're
not things like tam anyway. So the shelves didn't become
empty in a couple of months. At the point of
the shells becoming empty, the truck drivers start getting laid
off because they don't have anything to transport anymore. Once
they get laid off, unemployment starts to rise, spending cuts down,
and then you're into recession.
Speaker 3 (32:55):
So the end of summer, end of summer, I was
going to say, the Christian really is whether they are
already in recess.
Speaker 16 (33:00):
Well that's the thing, of course, it's retrospective.
Speaker 2 (33:03):
Of course.
Speaker 16 (33:03):
But by the time the end of some of the
analyst said, it will be abundantly obvious to everybody that
America will be in recession.
Speaker 3 (33:10):
It's got business this morning saying, look, I've done this
a long time and I don't really listen to the surveys.
Speaker 2 (33:15):
That's cool.
Speaker 3 (33:16):
The sentiment surveys don't really mean much to me, but
look at the hard data.
Speaker 16 (33:20):
They will when they have the midterms next year and
things go really wrong. You can ask old Polyevan Canada
just just what it's like to lose your seat precisely,
and so, you know, it's amazing how the vota will
turn on you when times are tough.
Speaker 3 (33:35):
See I reckon with Carney. This will be his high
tide mark because all of those problems that they hated.
Speaker 2 (33:40):
The Liberals or you know, just a few nuts think
nothing's changed, nothing's changed.
Speaker 16 (33:44):
Very important to remember too, when you look at that result,
it's actually that everyone's going, oh, it's incredible. The liberals one.
It's not incredible.
Speaker 2 (33:50):
The Liberals one.
Speaker 16 (33:50):
They've only just one they've only just won and Carney.
No one knows who he is. Barker, he's no different
to Trudeau. He a lovely like Trudeau. Wantz And so
you're right.
Speaker 3 (34:02):
And if they don't get the majority, they're going to
be pulled even further left by this correct you know,
left party first animation for now. But let's see how
the whole thing's actually unfolds solve the world's problems.
Speaker 2 (34:13):
Mike. Just a couple of minutes. Mike is here. We've
been next to have a great day. See tomorrow.
Speaker 1 (34:23):
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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