October 29, 2025 • 34 mins
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Speaker 1 (00:01):
The issues, the interviews and the insight. Ryan Bridge on
early indership with are these supercenter explore are these successories
and servicing all in one news talks.
Speaker 2 (00:12):
They'd be good morning, It's Thursday. Great to have your company.
This big Fonterra call today looks like it will go
through with the consumer brands and the French. We'll speak
about that before six. A correspondent in the US on
Hurricane Melissa. Trump meets Luxeon. Eric is cracking the whip
on business and how often's too often for a war
on a fitness do you reckon? We'll ask the question
(00:33):
the agenda Thursday. The purtyes of October, Jamaicans have got
the storm lost for power. This is Hurricane Melissa.
Speaker 3 (00:41):
Extensive flooding, infrastructure damage where we're yet to find. But
in effect it does hard in our agriculture sector. But
center Elizabeth's where it may. Landford is regarded as a
bed basket of the country, so there will be extensive damage.
Speaker 2 (00:58):
To crops near heading agriculture. How this British terrorist thought
she's going to die? I was feeling sick with worry.
Speaker 4 (01:04):
I hold what you were shaking, and I was just
worried that that five this and I.
Speaker 5 (01:10):
They were still fright.
Speaker 2 (01:11):
Melissa now looking to hit Cuba the ceasefire and guards
are looking a little shaky this morning. Again another strike
into the blaming each other for who started.
Speaker 5 (01:20):
It, these events that have been occurring. The killing of
a soldier in rough After it was an incident just
over a week ago as well. The two soldiers were
killed in the same area, definitely testing Israel's patience. And
if Israel had its own where I think it would
have responded much more forcefully, even potentially resumed fighting in Gaza.
Speaker 2 (01:37):
And it's finally happened. Donald Trump's met with our Prime
Minister Christopher Luxon at Apek, just on the sidelines there,
one on one chat before they went back to dinner
with Cannie and Elbow and the rest of the crew.
Here is Trump speaking at the dinner.
Speaker 6 (01:50):
I just think it's an honor to be with you.
You well done a fantastic Ye have your fantastic leaders.
We had a great meeting a week ago. You came
all the way and there you came, dear, but this
isn't quite as far. This is this time. I this time,
I traveled far, but you've done a fantastic job. But
we're working together on rare earths. But we're working on
(02:10):
a lot of things together and it's all working out
very well.
Speaker 1 (02:14):
Views and views you trust to start your day. It's
earlier this ship with Ryan Bridge and r V Supercenter
explore r VS accessories and servicing. Fall and One News talks.
Speaker 2 (02:26):
A great time yesterday on the couch yesterday afternoon, just
watching Trump's entire speech to APEX. It is just truly bizarre. Anyway,
we'll come back to that in just a second. In video,
you know, we talk about this chip company in video
that's just the superhero, the darling of the stock exchange. Well,
it can do no wrong. In this morning, it's hit
a market valuation of five trillion. It is the largest valuation.
(02:46):
Well it's always been the largest valuation of any company
that's ever lived. But just remember it was worth two
trillion in March of twenty twenty four, four trillion in
July of twenty twenty five, and now it's worth five
trillion dollars. That's two hundred and ten. You need two
hundred and five seventy six to hit your five trill valuation.
They've done it. It also the value of this one
(03:08):
company now exceeds entire sectors of the S and P
five hundred so utilities, industrials, and consumer staples. The value
of this business is worth more than the value of
all of the businesses in those sectors combined. It's unreal,
isn't it? Nine minutes after five? So back to our
career for a second, because we've had the meeting now
(03:30):
with Trump and well, not that we were expecting it.
They downplayed it. Well, they would have known this was coming,
but they sort of kept it up their sleeve. Anyway,
this is Luxon apparently this is the first time I'm
hearing this audio too, by the way, it's just coming
fresh overnight. Lux and joking with Trump about being balled.
Oh gosh, are we going to do that? Okay, here
we go. Last time I spoke as presidents, he gave
(03:57):
me grief about my hair. Okay, cool, just breaking the ice.
But the real question is are you going to ask
about the tariffs? It's fifteen percent. It's you know, we've
already gone and bought some jets from them, some jumbo
jets from them. We're buying some defense stuff. Where's our discount?
Everyone else is getting discounts. Where's our discount? So are
(04:19):
we asking about that?
Speaker 7 (04:20):
I can reassure you that the US administration is very
very clear of the New Zealand position on tariffs. Equally,
we are very very clear about their position on tariffs
as well. And New Zealanders, you know, no worse off
than anybody else and actually has a lower level of tariff.
Speaker 2 (04:35):
Yeah, but did you specifically bring it up with the president?
Speaker 7 (04:37):
I'm not going to go in a blow by blow
because I do want to respect the privacy of conversations
that we have with any leader, and that's been my
long standing position. But you can imagine it was a
topic of conversation over dinner with other leaders as well.
Speaker 2 (04:48):
That sounds like I can know to me. That sounds
I can know to me. And then I guess the
question is is that even a smart strategy? If you
went in, you know, you just met the guy. He's
quite brash, he doesn't suff for fools. And if you
come in, oh, I'm from New Zealand, nice to meet you.
Now you know about my tariffs. Do you think that's
going to go down? Well, I don't know what would
(05:09):
you have done? Nine to it's five eleven you're on
news Talks, there'd be plenty more to come. Come up next,
we'll talk about this. Erica Stanford reckons there's a bunch
of businesses you're meant to go and ask before you
hire a foreigner or renew a visa, you're meant to
go and ask are there any beneficiaries I could hire?
And apparently some businesses aren't doing that. That's next News
(05:30):
Talks at.
Speaker 1 (05:30):
B The News you Need this morning and the in
depth Analysis early edition with Ryan Bridge and are the
Supercenter explore r VS accessories and servicing fall than one?
Speaker 2 (05:42):
News Talks at B five fourteen. Nice to have your company.
This morning, the Federal Reserve looked like it's going to
cut a quarter of a percent at their meeting with
your Own Power this afternoon. The Canadians have already done that.
And do you know who don't want to be It's
the Australians. So the Australians have been cutting their official
cash rate like most of the rest the world. However,
their inflation has come back more so than ours had
(06:04):
and there is higher than they had expected. And what
that means is that not only will they have to
pause their rate cutting, but they are even now considering
potentially a rate hike. Now that is not the kind
of place you want to be in, and that is
why the Reserve Bank will. You want it to go fast,
and you want it to cut, and you want to
get it as low as you possibly can. Not always
(06:26):
the smartest strategy. It's fine four team, Ryan Bridge, Eric Stanford,
Immigration Minister having a bit of a crack at employers
who aren't trying hard enough to hire local workers. So
these businesses could get their accreditations canceled if they don't
talk to MSD properly and try and hire beneficiaries where
they're supposed to. Rachel Simpson's Business end Z immigration specialist
(06:47):
with me this morning. Morning Rachel, good morning, how are
you good? Thank you? Do you why aren't businesses doing
this properly? Do you think, well, they are doing it.
Speaker 4 (06:56):
There's already a lad market tests within the accredited employees work.
These are systems, so you have to advertise the role
and you have to go tomst and have a chat
with them. So I think the signal from the minister,
you know, is really puts the onus on the government
departments to make sure that they're timely and responsive for
those requests from employers.
Speaker 2 (07:16):
So you're saying you are getting in touch with MSD,
but MSD's just not getting back to you.
Speaker 4 (07:22):
Well, I think there's a few things in it, but
at the hard of it, immigration is about the skills
that those people bring to New Zealand. So you can
go to NEST and check that. It's really about whether
there's somebody with the skills that's available in the local
labor market, and employers will always look locally before going
to immigration. But the more extincts of it's difficult.
Speaker 2 (07:42):
I know. I mean, the Minister says eleven percent of
these cases that she's talking about is when an employer
who hadn't actually gone to MSD at all. What's that about.
Speaker 4 (07:54):
Well, I think that's part of the process. So it
would be useful for Immigration to make sure that the
guidance to employers around what's involved in those steps is
really clear to employers and make sure that employers can
bring up Immigration and check on those including things like
how long to wait for a response from MC.
Speaker 2 (08:13):
Sorry, Rachel, I just want to be really clear here.
So are you saying that there's a problem on MSD's side,
or are you saying, actually, yeah, there's a few businesses
who probably aren't doing it right and we need to
fix that.
Speaker 4 (08:26):
Oh, it's probably a mix of both, to be honest. Okay,
so we both did it clear on the process.
Speaker 2 (08:32):
Everyone needs to up their game. Yeah, okay, all right, good, well,
let's do that because we need to hire Kiwis before
we hire foreigners. Part of the problem this country's got.
In fact, if you look, that was Rachel Simpson, by
the way, Business News, that immigration specialist. The problem that
we've gotten this country, which Erica Stanford points out, So
since we brought in the invest that the accredited employer
(08:55):
worked visa scheme, since the first one was issued back
in twenty twenty two, we've got twenty thousand more Kiwis unemployed.
Speaker 1 (09:05):
News Talks, heb the first word on the News of
the Day early edition with Ryan Bridge and r V
Supercenter explore RV's accessories and servicing fall in one News
Talks ab it.
Speaker 2 (09:18):
Is five nineteen on News talks 'b So Luxe and
Trump have had a quick pull aside in the meeting
room and then apparently entered the Grand Hall together for
dinner because they were both running a little bit late.
So that's all a bit cute, isn't it. Ryan, Absolutely,
no waytees Dean, No way should Luxon have gone and
hard and raise the tariff thing in a first meeting
like that, especially a pull a sided at dinner. He
(09:40):
needs to build a relationship first, for goodness sake. Someone
else says, take Trump to the TURRETI golf course, that'll
sort it out. Here was Trump yesterday talking about how
he does trade deals and the difference between business deals
and trade deals.
Speaker 6 (09:52):
And we're entering a new era of trade that truly
works for both sides. For got to work for everybody,
you know, deals have to be good for everybody. That
all the time, And I never really believed it, I'll
be honest. They said, Oh, if you make a great deal,
the best deals are deals that work for everybody, especially
when you're talking about nations. You know, when you're talking
about nations, it really is a little bit different than
(10:12):
you're doing a business deal and you want to just
rip their hearts out right. These guys know what I mean.
They've ripped out so many hearts. But when you have nations,
it's a little bit different. You know, it's got to
you got to balance out a little bit, Bryan.
Speaker 2 (10:29):
I'll lead us a little bit. Though it is twenty
a half to five. Everyone hates getting a warrant of fitness,
don't you. So why is anyone going to say that
spacing them out is not a good idea? Buy a
new car. You can keep your first warrant of fitness
for four years. Cars age between four and ten years.
That only need to take every two years. This is
the government's proposals. Currently, all vehicles WEIS died after the
(10:51):
year two thousand. You need a yearly WAFT. Terry Collins
is principal policy advisor at AA and joins me this morning.
Hate Terry, Yeah, good morning. Any problems with this.
Speaker 8 (11:02):
Well, and we serve out our members and unfortunately, what
they said to us is a third of as support,
a third of pose, and a third are unsure. So
it leaves us kind of wondering having a look here.
Speaker 9 (11:13):
I know, and I.
Speaker 8 (11:14):
Think that's to do with perhaps some of those age
or the length of time that the warrants been done.
What we know is about forty percent of the vehicles
fail the warrant when it gets inspected for the first time.
And I think with the shorter periods, and this is
the work that we have to do further work on.
Is that a lot of people go, I get what
warrant on every six months, it looks like the tires
are going out the warrants next month. I wait till
(11:34):
you get the warrant, so I can extend my warrant
period out with the good tires as long as possible.
If we move to a year, people may go, well,
it's seven months there before I get my world. I'd
better put those tires on now instead of waiting, because
I'll be completely baled when they're done. So we've got
a work around those psychological triggers of the ages and
what they will do. But I mean, on my own
(11:55):
personal circumstances, I've got a ninety seven motorcycle. I've got
done every six months, did over the winter, I put
up the most expensive tires and look after you think
it just seems crazy to do it every six months.
But as I said, we've just got to work out
because of that high failure rate on first expections about
what this age difference is going to do.
Speaker 2 (12:15):
Do we basically we are we saying we kind of
need the reminder of it.
Speaker 8 (12:19):
Almost we do what's coming through as our members as
they do like they have the reminder and they do
like the he of all things paper and the digital one.
They come to rely upon looking up in the window,
seeing when it's due and then arranging accordingly with it.
We do know with the newer vehicles they've got service plans,
so they're regularly going in every fifteen thousand kilometers or
something like that and getting inspected. So the roadworthy is
(12:43):
a strong case for longer period.
Speaker 2 (12:45):
You can't terry completely unrelated and very quickly. In the
UK yesterday on the show, we were talking about headlights
have gone led and the UK government's investigating them because
they're too bright for people. It's dangerous.
Speaker 8 (12:58):
Do you have any We're getting that. There's a number
of studies done on it. What happens and particularly as
you age, your ability to handle the light changes. And
two things have happened. One is we've made it brighter
LEDs and we've put them in taller vehicles, our SUV
so we've moved away from the big sedan to the
taller suv. So we've elevated the lights and.
Speaker 2 (13:19):
We've made we need do we need to do something?
Speaker 8 (13:22):
Well, look we follow international standards and we go to lighting.
So I think the UK looking at it. They're a
major car manufacturer, just like the Japanese and the Americans,
and everybody's looking at the actual feature right now and
the bright lights.
Speaker 2 (13:36):
Well they're annoying.
Speaker 8 (13:38):
Here's the kicking they are. But they work really well
for you if you're driving. They just don't work very
well for other people who are also on the road.
So it said, we've got to get somewhere in the middle.
Speaker 2 (13:47):
Which is a bit of a problem. Terry, appreciate your
time this morning. Thank you. Terry Collins, Principal Policy Advisor
for the AA, twenty four minutes after five, News Talk said,
B we'll get to the US on Hurricane Melissa after
the news at five thirty and then before six o'clock. Well,
we've got a whole lot more about that big fond
here a deal which is likely to go through today.
We'll get a result, News Talks heb.
Speaker 1 (14:08):
The early edition full the Show podcast on iHeartRadio powered
by News Talks IV.
Speaker 2 (14:14):
Five twenty six. News Talks said, B, you know how,
we're a big free trade country. It's our thing. We
explort a lot, we earn a lot we sell, we
get richer, and you want open supply chains, you want
free movement of goods across borders and through the ocean,
et cetera, et cetera.
Speaker 9 (14:29):
We like it.
Speaker 2 (14:29):
It's what we want. Well, today Trump and She of
China are finally going to sign a deal. Well we
hope that they will sign a deal or the framework
of a deal to finally bring an end to this
trade war. And this should in theory benefit both of them,
the region, and then by extension US. This is a
good thing. We're also today going to likely see our
(14:51):
dairy consumer brands sold off to the French and a
deal worth north of four billion dollars, an incredible sum
of money. Also, you go to say a good thing.
Yesterday Westpac came out with some research which was actually
quite interesting. I was going to mention it earlier in
the program. They reckon our GDP wasn't actually that bad
in the Durn quarter, you know the blip, you know,
(15:12):
the horror show. They revised down their estimate of a
zero point nine percent backwards read to just zero point
one percent backwards. I know, quite the revelation they reckon
It all came down to an accounting glitch to do
with the closure of Marsden Point refinery in Northland. This
was several years ago. It's an interesting story interest dot
(15:35):
Co Doon is they go and have a look of it,
Go and have a look at it. In all of
these stories, though, there are two ideologies playing out. Are
we this free trade, open the door, globalist sort of
a country, or are we the Winston Peters protections, don't
sell your milk brands, keep Marsden Point open for goodness sakes?
(15:55):
What kind of country are we? Are we New Zealand first,
because the moral country out there who are protecting themselves,
the greater the argument comes for us to actually do
the same, you know, and we are quite vulnerable those
trade routes that I spoke about, those supply chains when
they break down. It's a bit like a computer, great
thing or a cell phone, wonderful thing while it's working,
(16:17):
and once it goes to put you shick it. So
what sort of a country are we? We are kind
of facing and grappling with that question almost on a
weekly basis at the moment twenty eight minutes after five,
Brian Bridge, here's what Donald Trump thinks of us. This
is his comments after meeting with lux and overnight and APEC.
(16:38):
Have a listen.
Speaker 6 (16:43):
NA.
Speaker 2 (16:44):
Last time I spoke as president, he gave me grief
about my hair is the hair is beautiful. Twenty nine
minutes after five. By the way, we had a pulse auction.
You know how we do the dairy auction every fortnight.
We had a pulse auction yesterday and it was backwards again,
so down one percent on the previous full auction. Down
(17:07):
one point five percent in New Zealand dollar terms, overall
prices down nine percent for the year now, and you
will kind of need them to come back or start
to come back if you want to hit that ten
dollars per kilogram of milk solid promise. Coming up to
five point thirty News TALKSVB. We're in the US.
Speaker 1 (17:27):
Next get ahead of the headlines on early edition with
Bryan Bridge and r V Supercenter explore RVs accessories and
servicing all in one News TALKSTB.
Speaker 2 (17:51):
Twenty four to six News Talks THEB great to have
you come here this morning. We'll look at the Fonterra
farmer deal with the French. Coming up before six o'clock.
Also in the US for Hurricane Melissa, did you know
that the natural increase in New Zealand's population has now
exceeded the net gain for migration for the first time.
What does that mean? We're having more babies than we
are importing them. I suppose you could say, so, this
(18:14):
is STATSY and Z figures. So population increase, that's your
number of births minus your number of deaths twenty one
thousand for the last year. Okay, so we're having twenty
one thousand babies or birth minus deaths. Then you gain
from migration, which is your long term arrivals minus your
long term departures. That's dropped right down to thirteen thousand,
(18:35):
seven hundred. So we're almost having twice as many as
we are replacing ourselves twice as fast as we are importing.
I suppose you could say outside COVID just generally, that
is the slowest rate of population growth overall since way
back in twenty twelve, which is why they reckon that.
(18:55):
You know, once we do open the floodgates and the
migration does turn back on, migration will drive a hell
of a lot of our you know, basically our offspring
and our population growth for years to come. In fact,
if you look at Auckland. In Auckland, already forty three
percent of Aucklander's are born overseas, twenty two away from
(19:17):
six News Talks there b Rosy Leishman for Dneedin this morning, Rosie,
good morning, good morning. Demand for generators they're still quite high.
Speaker 10 (19:25):
Yes, So, Southland and Cluther still remain under a state
of emergency where thousands are without power. Safety continues to
be a concern for PowerNet crews due to the large
number of downed power lines, broken poles and trees tangled
in lines.
Speaker 2 (19:41):
Clue.
Speaker 10 (19:42):
The District Councils added one hundred thousand dollars to its
Marror Relief Fund for recovery ef it's people in Lawrence
and Papa Nui are still asked to conserve water, and
Southland Civil Depends is reminding residents that they can access
almost twenty different community hubs for showers and power.
Speaker 2 (19:59):
Right, how's your weather.
Speaker 10 (20:01):
It's mainly fine today with a chance of an evening shower.
Westley's from late morning in a high of eighteen degrees.
Speaker 2 (20:07):
Thank you, Rosie clear she would and christ Church morning, Claire,
good morning. Now what's gone on with this music festival?
Speaker 11 (20:13):
What is going on with this. This has been a
six month long battle to get resource consent for Rolling Meadows.
Of course, Rolling Meadows has been held at wipe At
a north of christ Church for a few years now,
but it's been trying to move to a new site
at Bottle Lake Forest here in christ Church. This resource
consent application was first lodged with christ Church City Council
(20:35):
in April. We now know that it will be able
to go ahead, but after several hurdles and some stricter rules,
including a two am curfew for all of the stages.
The Rolling Meadows director Jamie Moyer says they had originally
hoped to get a ten year consent but have settled
with three. He says that was a concession they just
simply had to make. They are looking at applying for
(20:57):
an extension on that consent after this year as a head,
hopefully successfully.
Speaker 12 (21:02):
Moyer says.
Speaker 11 (21:03):
The stage closing earlier is a bit of a shame
that the buzz of being in christ Church does outweigh
that certainly.
Speaker 2 (21:09):
Well. How's you wear?
Speaker 11 (21:09):
The clear fine northwesterly is strong a bit later today
and an maximum of twenty Thank.
Speaker 2 (21:14):
You very much, mex and weilling to mix. I saw
Andrew Little went with a labor mate.
Speaker 13 (21:18):
Aim, yeah, exactly, a bit of pretectable Andrew Little. They're
making a couple of announcements yesterday, as you say, one
a little safe labor councilor. Ben McNulty will be his
deputy mayor. They know each other well, they're both labor.
There might be a little bit of criticism from certain
people of there now being two white guys in the
top roles, but look, we just had two women, and
who cares. McNaughty smashed his council race, regaining his seat
(21:41):
by the largest majority since the single transferable voting began.
He's big on social media, he's still pretty young, worked
in financial services.
Speaker 2 (21:50):
But look yeah.
Speaker 13 (21:51):
The other more interesting announcement was Little saying all key appointments,
like the deputy mayor, committee appointments, committee chairs, they're only
going to be for eighteen months, and so after that
period McNulty and Little both reckon he will make way
for someone else. McNulty other counselors clearly being kept on
their toes. An interesting tactic, but makes sense. I suppose
(22:12):
in the context that Little is new to the job.
He doesn't know very well, some of these counselors. The
first full meeting is in three weeks.
Speaker 2 (22:19):
Okay, I suppose you don't want to trust them. You know,
if you don't know them, you don't trust them. So
how's your weather, max?
Speaker 13 (22:25):
Yeah, three years can be a long time. Fine nor
Westerly sixteen the high, brilliant.
Speaker 2 (22:29):
Thank you. I see. This is what something that's always
fascinated me. Can you have two men? Of course you can, yes,
because you can have two women. But it used to
happen in news. One time I present the news alongside
Duncan Garner. Oh and there were people saying, oh, you
can't do that because it's two men.
Speaker 14 (22:45):
You're true there, But if you do.
Speaker 2 (22:48):
Have two women, you can have two men, surely exactly.
Speaker 14 (22:52):
You can have a park here, you can have you know, because.
Speaker 2 (22:54):
They've just had two women, they can have two men.
Speaker 14 (22:56):
Yes, I'm having this conversation asleep for goodness, say heavy Thursday, everybody,
all right, we'll tell.
Speaker 2 (23:05):
Us about your news.
Speaker 14 (23:07):
Okay, Well, I'm going to talk about Auckland Council because
it's launched a new tool and online tool and it
can show flood risks and coastal erosion areas. So This
is great news. Yes, it's not boring because it's going
to help homeowners understand the natural hazards of their homes.
So obviously this tool follows the twenty twenty three floods
and new planning rules that restrict development in these areas,
(23:29):
you know, the areas that are vulnerable to natural disease.
Speaker 2 (23:32):
Now that's good, that's good. Hope it'll make it simple
for it because a lot yes, they do have tools
at the moment, but.
Speaker 14 (23:37):
They just too Yeah, exactly, so that one there, I'm sure,
but a lot of homemowner is people go to that.
Speaker 2 (23:41):
How's our weather, Okay.
Speaker 14 (23:43):
Cloudy, isolated chils mainly in the afternoon. Hey, light winds
light keyword since we've had such strong winds over the
last week. So Hi of nineteen.
Speaker 2 (23:51):
Good to see neither eighteen minutes away from six year.
On news talks, they've been we'll find out about the
very strong winds Hurrican Melissa next with a US correspondent,
and before six o'clock this morning, we'll talk the Fonterra
deal news talks. Head be If you run a small
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Store International correspondence with ins and Eye Insurance Peace of
Mind for New Zealand Business.
Speaker 2 (25:18):
Go to Mague with correspondent Nick Harper, who's joining us.
Hurrican Melissa has been making lamb fall over Jamaica. Also
see it to hit Cuba. Nick, what's the latest here, Yeah.
Speaker 12 (25:27):
Ran, it's very much born the brunt of Hurricane Melissa.
Jamaica absolutely slammed by this Hurragon. It hit the island
as a Category five hurrican, the highest category. It's the
worst ever to hit Jamaica. The word devastated being used
a lot. The Prime Minister of the country. He's declared
the country to now have a disaster area across the
(25:48):
entirety of the island. About eighty percent of it is
without power. We're also told that large parts of it
are underwater. The storm has decreased slightly. It's now a
Category three hurricane and it's passed over Cuba, also causing
plenty of damage there and now on its way to
the Bahamas. We're told more hurricane conditions are expected there,
potentially life threatening storm surges, plenty of flooding, potentially lots
(26:12):
of rain, and maybe storm surges of around seven feet
hitting the coastal areas of barnas the nick.
Speaker 2 (26:18):
Meanwhile, South Korea, we've got to api CON and they
highly anticipated many courses between Trump and choosing Ping of China,
and we are expecting some sort of a deal or
a framework of a deal to be signed. Well, that's
the plan.
Speaker 12 (26:30):
Donald Trump seems very optimistic going into this. It'll be
the first face to face meeting with the Chinese leader
of his second term. And really they've spent months haggling
over trying to get tariffs down. If they don't do
a deal in just a few days, then we could
see tariffs in excess of one hundred percent placed on
goods between both sides. It would mean essentially trade between
(26:51):
the world's two largest economies shut down. So they're trying
to avoid that. Do some sort of deal reduce the
tariff rates. But there are plenty of problems in amongst
all of this, In particular rare earths, the type of
things that the US economy needs to keep electric vehicles
running and high tech products. China has a stranglehold of
exporting those minerals. Donald Trump wants more of them, and
(27:13):
he also wants China to borm buy more agricultural products.
US farmers are very much struggling at the moment as
a result of all of this trade dispute. They are
due to meet Thursday morning. We'll see if a deal
can get done. But Donald Trump at this stage seems
to be suggesting that hours of talks with the Chinese
leader coming up will bear fruit and we should see
a deal getting done.
Speaker 2 (27:33):
Nick. Thank you, Nick harper Our, US correspondent, twelve to six.
Ryan Bridge, signs are looking good for Fontira's consumer brands
selling after the French getting the green light This morning
will now at around ten forty five. Gary Raima is
that Fontira shear holder end supply joining us this morning morning? Gary, right,
good to have you on the show. So what are you, Ricka?
(27:53):
And it seems like it's kind of a foregone conclusion.
What's you'll read on it?
Speaker 9 (28:00):
You can never say never, can you? But yeah, I
hear a few farmers who tell me they're going to
vote against it, but by a large majority are seen
to accept management in the boards rationale for games going
ahead with it with the sale.
Speaker 2 (28:17):
Yes, which way did you vote? Carry? Can?
Speaker 4 (28:19):
I ask?
Speaker 6 (28:20):
Oh?
Speaker 9 (28:20):
Yeah? More happy to say I voted in favor why.
That was one of the one of the one of
the tipping points for me was that it is only
seven percent of our milk going into into the brand's business,
and I thought, so it's not taking out a big
chunk of our milks apply you know, lack Parlas should
(28:41):
want to source their milkoutsewhere, And I don't know why
they would because they like our our carbon footprint, which
you know, the same with newscas to all these companies.
They want to get our products. We've got to lower
carbon footprints for taking users as part of the marketing.
So I don't think they'd never walk away from our milk,
but it was still affecting my consideration. But the other
(29:03):
part too, I think it takes a lot of noise
out of the farmer arena as well when we operate
business for business rather than business consumer and and there's
a lot of other things farmers can deal without having
to worry about whether people complain about the price of butter.
Speaker 2 (29:21):
That's a very good point one well made. Gary. What
do you think farmers are going to do with the proceeds.
I mean there's a lot of there's a lot of
on farm cost increases that you've been wearing for years.
Now do you payoff some mortgage? You know, do you
pump it back in? What happens to it?
Speaker 9 (29:38):
Yeah? I think there'd be a wide range of things.
I mean, what do you need to remember as well?
And what people need to remember. They think, oh, it's
going to be a windfall for farming. Yes for some farmers,
and may well be, but they'll be pretty long in
the tooth. When Fromterira formed, and I'm not one hundred
pier and the numbers anymore, but we were roughly thirteen
(29:59):
billion leaders and we've climbed over twenty billion meters. The
share price when Fonterra was formed was four dollars a
kilo and the climb to eight dollars a kilo. So
a lot of that new milk was paid for make
by shares, which farmers have to have, you know, one
shar or used to have to have one share for
(30:19):
every kg mook follows. So that milk or that increased
production was brought out between four and eight dollars a
share price. So all this is doing is returning to
capital that some of those farmers probably paid four or
six or seven dollars for and bringing it back down
and say they have carried it dead in the balance
sheet and now they're going to repay some of that
(30:40):
debt because the share price has been a lot lower.
It's back up of six, but it will also drop
back down. So you know, all of this is replacing
capital on the balance sheet that was there taken away,
and then we'll be taken away again after after the distribution.
Speaker 2 (30:56):
Very great perspective. Thank you, Gary Rama. Fonterra shareholder supply
voted yes. We'll know the results by eleven am. It's
eight to six News Talk sead B on.
Speaker 1 (31:06):
Your radio and online on iHeartRadio Early edition with Ryan
Bridge and are the Supercenter explore the accessori's hand servicing
all in one news Talk sed B News Talks.
Speaker 2 (31:19):
Heb it is six minutes away from six. Here's a
little bit of Trump yesterday, I think giving an impersonation
of Modi from India. You know they're worrying.
Speaker 6 (31:27):
They're strong people. I'll tell you what pre minise Emodi
is the nicest looking guy. He says, Oh, he looks
like you'd like to have your father. Like he's a killer.
He stuff as well, No, we won't fight. They said, Wow,
this is the same man that I.
Speaker 1 (31:44):
Know, Ryan Bridge.
Speaker 2 (31:45):
So this is after his told Apex and all the
world's leaders that he has solved eight wars in eight months.
He was quite happy about that. It is five minutes
away from six now, Mike's in the studio, Morning, Mike Morning.
Speaker 15 (31:56):
I watched that speech, and do you think people are
too polite to mate? I've heard this like nine hundred
times before.
Speaker 2 (32:03):
I was thinking this yesterday. If you were there watching
that speech live, I mean I personally would be enthralled
woil just at the performance of it. To be in
the same room, in the same room, and also to
have the sky yelling at all these world leaders saying
I've solved three thousand years of At least you know.
Speaker 15 (32:20):
It's not true. I know it's just a mate, He's
that fine line between. I mean, I admire him because
some of the stuff he says is true, and that said,
this is part of his problem. But a lot of
some of the stuff he says is actually accuracy. A
lot of it isn't. And so in with the accuracy
is they're just the fantastical nonsense totally. But once you've
heard it, and I've heard it, Lord knows how many times.
(32:42):
Now I'm thinking, mate, get some fresh material. You Are
you excited about the vote today?
Speaker 2 (32:49):
Well, I mean in the sense that it's going to happen.
I think. So it's a fuegone conclusion.
Speaker 15 (32:55):
Do you think it's a full gone conclusion if you
were a farmer? This is what I've been thinking about,
because I'm against the sale, right, so I would vote against.
Speaker 2 (33:04):
This, would you? Yes? I would? But but your little
protectionist No.
Speaker 15 (33:08):
But if I was thinking to myself, Fan four hundred thousand,
I read a very good piece yesterday, and they make
it not long ago, a couple of years ago from
Terra was hopeless, right, absolutely hopeless.
Speaker 2 (33:19):
What's to say.
Speaker 15 (33:21):
They're not hopeless still? And they're making a strategic mistake
that ten years time again a.
Speaker 2 (33:25):
Lot of their money I mean, and that this is
what Myles Harrison, a lot of their money now. The
actual massive margins are coming from the I'm hugging every day.
Speaker 15 (33:33):
But only you got to have a buyer for that,
And like tarleists are going, yeah, we'll give you ten
years and then maybe we won't give you anymore. Anyway,
You're right, I mean, it will go through. But it's
an interesting subject. I nice to see you off another
one of your holidays.
Speaker 2 (33:45):
I still fewer breaks the new total bollocks right, I'll
see you in a couple of days. Everybody.
Speaker 1 (33:56):
For more from Early Edition with Ryan Bridge, listen live
to News Talk said Be from five am weekdays, or
follow the podcast on iHeartRadio
The issues, the interviews and the insight. Ryan Bridge on
early indership with are these supercenter explore are these successories
and servicing all in one news talks.
Speaker 2 (00:12):
They'd be good morning, It's Thursday. Great to have your company.
This big Fonterra call today looks like it will go
through with the consumer brands and the French. We'll speak
about that before six. A correspondent in the US on
Hurricane Melissa. Trump meets Luxeon. Eric is cracking the whip
on business and how often's too often for a war
on a fitness do you reckon? We'll ask the question
(00:33):
the agenda Thursday. The purtyes of October, Jamaicans have got
the storm lost for power. This is Hurricane Melissa.
Speaker 3 (00:41):
Extensive flooding, infrastructure damage where we're yet to find. But
in effect it does hard in our agriculture sector. But
center Elizabeth's where it may. Landford is regarded as a
bed basket of the country, so there will be extensive damage.
Speaker 2 (00:58):
To crops near heading agriculture. How this British terrorist thought
she's going to die? I was feeling sick with worry.
Speaker 4 (01:04):
I hold what you were shaking, and I was just
worried that that five this and I.
Speaker 5 (01:10):
They were still fright.
Speaker 2 (01:11):
Melissa now looking to hit Cuba the ceasefire and guards
are looking a little shaky this morning. Again another strike
into the blaming each other for who started.
Speaker 5 (01:20):
It, these events that have been occurring. The killing of
a soldier in rough After it was an incident just
over a week ago as well. The two soldiers were
killed in the same area, definitely testing Israel's patience. And
if Israel had its own where I think it would
have responded much more forcefully, even potentially resumed fighting in Gaza.
Speaker 2 (01:37):
And it's finally happened. Donald Trump's met with our Prime
Minister Christopher Luxon at Apek, just on the sidelines there,
one on one chat before they went back to dinner
with Cannie and Elbow and the rest of the crew.
Here is Trump speaking at the dinner.
Speaker 6 (01:50):
I just think it's an honor to be with you.
You well done a fantastic Ye have your fantastic leaders.
We had a great meeting a week ago. You came
all the way and there you came, dear, but this
isn't quite as far. This is this time. I this time,
I traveled far, but you've done a fantastic job. But
we're working together on rare earths. But we're working on
(02:10):
a lot of things together and it's all working out
very well.
Speaker 1 (02:14):
Views and views you trust to start your day. It's
earlier this ship with Ryan Bridge and r V Supercenter
explore r VS accessories and servicing. Fall and One News talks.
Speaker 2 (02:26):
A great time yesterday on the couch yesterday afternoon, just
watching Trump's entire speech to APEX. It is just truly bizarre. Anyway,
we'll come back to that in just a second. In video,
you know, we talk about this chip company in video
that's just the superhero, the darling of the stock exchange. Well,
it can do no wrong. In this morning, it's hit
a market valuation of five trillion. It is the largest valuation.
(02:46):
Well it's always been the largest valuation of any company
that's ever lived. But just remember it was worth two
trillion in March of twenty twenty four, four trillion in
July of twenty twenty five, and now it's worth five
trillion dollars. That's two hundred and ten. You need two
hundred and five seventy six to hit your five trill valuation.
They've done it. It also the value of this one
(03:08):
company now exceeds entire sectors of the S and P
five hundred so utilities, industrials, and consumer staples. The value
of this business is worth more than the value of
all of the businesses in those sectors combined. It's unreal,
isn't it? Nine minutes after five? So back to our
career for a second, because we've had the meeting now
(03:30):
with Trump and well, not that we were expecting it.
They downplayed it. Well, they would have known this was coming,
but they sort of kept it up their sleeve. Anyway,
this is Luxon apparently this is the first time I'm
hearing this audio too, by the way, it's just coming
fresh overnight. Lux and joking with Trump about being balled.
Oh gosh, are we going to do that? Okay, here
we go. Last time I spoke as presidents, he gave
(03:57):
me grief about my hair. Okay, cool, just breaking the ice.
But the real question is are you going to ask
about the tariffs? It's fifteen percent. It's you know, we've
already gone and bought some jets from them, some jumbo
jets from them. We're buying some defense stuff. Where's our discount?
Everyone else is getting discounts. Where's our discount? So are
(04:19):
we asking about that?
Speaker 7 (04:20):
I can reassure you that the US administration is very
very clear of the New Zealand position on tariffs. Equally,
we are very very clear about their position on tariffs
as well. And New Zealanders, you know, no worse off
than anybody else and actually has a lower level of tariff.
Speaker 2 (04:35):
Yeah, but did you specifically bring it up with the president?
Speaker 7 (04:37):
I'm not going to go in a blow by blow
because I do want to respect the privacy of conversations
that we have with any leader, and that's been my
long standing position. But you can imagine it was a
topic of conversation over dinner with other leaders as well.
Speaker 2 (04:48):
That sounds like I can know to me. That sounds
I can know to me. And then I guess the
question is is that even a smart strategy? If you
went in, you know, you just met the guy. He's
quite brash, he doesn't suff for fools. And if you
come in, oh, I'm from New Zealand, nice to meet you.
Now you know about my tariffs. Do you think that's
going to go down? Well, I don't know what would
(05:09):
you have done? Nine to it's five eleven you're on
news Talks, there'd be plenty more to come. Come up next,
we'll talk about this. Erica Stanford reckons there's a bunch
of businesses you're meant to go and ask before you
hire a foreigner or renew a visa, you're meant to
go and ask are there any beneficiaries I could hire?
And apparently some businesses aren't doing that. That's next News
(05:30):
Talks at.
Speaker 1 (05:30):
B The News you Need this morning and the in
depth Analysis early edition with Ryan Bridge and are the
Supercenter explore r VS accessories and servicing fall than one?
Speaker 2 (05:42):
News Talks at B five fourteen. Nice to have your company.
This morning, the Federal Reserve looked like it's going to
cut a quarter of a percent at their meeting with
your Own Power this afternoon. The Canadians have already done that.
And do you know who don't want to be It's
the Australians. So the Australians have been cutting their official
cash rate like most of the rest the world. However,
their inflation has come back more so than ours had
(06:04):
and there is higher than they had expected. And what
that means is that not only will they have to
pause their rate cutting, but they are even now considering
potentially a rate hike. Now that is not the kind
of place you want to be in, and that is
why the Reserve Bank will. You want it to go fast,
and you want it to cut, and you want to
get it as low as you possibly can. Not always
(06:26):
the smartest strategy. It's fine four team, Ryan Bridge, Eric Stanford,
Immigration Minister having a bit of a crack at employers
who aren't trying hard enough to hire local workers. So
these businesses could get their accreditations canceled if they don't
talk to MSD properly and try and hire beneficiaries where
they're supposed to. Rachel Simpson's Business end Z immigration specialist
(06:47):
with me this morning. Morning Rachel, good morning, how are
you good? Thank you? Do you why aren't businesses doing
this properly? Do you think, well, they are doing it.
Speaker 4 (06:56):
There's already a lad market tests within the accredited employees work.
These are systems, so you have to advertise the role
and you have to go tomst and have a chat
with them. So I think the signal from the minister,
you know, is really puts the onus on the government
departments to make sure that they're timely and responsive for
those requests from employers.
Speaker 2 (07:16):
So you're saying you are getting in touch with MSD,
but MSD's just not getting back to you.
Speaker 4 (07:22):
Well, I think there's a few things in it, but
at the hard of it, immigration is about the skills
that those people bring to New Zealand. So you can
go to NEST and check that. It's really about whether
there's somebody with the skills that's available in the local
labor market, and employers will always look locally before going
to immigration. But the more extincts of it's difficult.
Speaker 2 (07:42):
I know. I mean, the Minister says eleven percent of
these cases that she's talking about is when an employer
who hadn't actually gone to MSD at all. What's that about.
Speaker 4 (07:54):
Well, I think that's part of the process. So it
would be useful for Immigration to make sure that the
guidance to employers around what's involved in those steps is
really clear to employers and make sure that employers can
bring up Immigration and check on those including things like
how long to wait for a response from MC.
Speaker 2 (08:13):
Sorry, Rachel, I just want to be really clear here.
So are you saying that there's a problem on MSD's side,
or are you saying, actually, yeah, there's a few businesses
who probably aren't doing it right and we need to
fix that.
Speaker 4 (08:26):
Oh, it's probably a mix of both, to be honest. Okay,
so we both did it clear on the process.
Speaker 2 (08:32):
Everyone needs to up their game. Yeah, okay, all right, good, well,
let's do that because we need to hire Kiwis before
we hire foreigners. Part of the problem this country's got.
In fact, if you look, that was Rachel Simpson, by
the way, Business News, that immigration specialist. The problem that
we've gotten this country, which Erica Stanford points out, So
since we brought in the invest that the accredited employer
(08:55):
worked visa scheme, since the first one was issued back
in twenty twenty two, we've got twenty thousand more Kiwis unemployed.
Speaker 1 (09:05):
News Talks, heb the first word on the News of
the Day early edition with Ryan Bridge and r V
Supercenter explore RV's accessories and servicing fall in one News
Talks ab it.
Speaker 2 (09:18):
Is five nineteen on News talks 'b So Luxe and
Trump have had a quick pull aside in the meeting
room and then apparently entered the Grand Hall together for
dinner because they were both running a little bit late.
So that's all a bit cute, isn't it. Ryan, Absolutely,
no waytees Dean, No way should Luxon have gone and
hard and raise the tariff thing in a first meeting
like that, especially a pull a sided at dinner. He
(09:40):
needs to build a relationship first, for goodness sake. Someone
else says, take Trump to the TURRETI golf course, that'll
sort it out. Here was Trump yesterday talking about how
he does trade deals and the difference between business deals
and trade deals.
Speaker 6 (09:52):
And we're entering a new era of trade that truly
works for both sides. For got to work for everybody,
you know, deals have to be good for everybody. That
all the time, And I never really believed it, I'll
be honest. They said, Oh, if you make a great deal,
the best deals are deals that work for everybody, especially
when you're talking about nations. You know, when you're talking
about nations, it really is a little bit different than
(10:12):
you're doing a business deal and you want to just
rip their hearts out right. These guys know what I mean.
They've ripped out so many hearts. But when you have nations,
it's a little bit different. You know, it's got to
you got to balance out a little bit, Bryan.
Speaker 2 (10:29):
I'll lead us a little bit. Though it is twenty
a half to five. Everyone hates getting a warrant of fitness,
don't you. So why is anyone going to say that
spacing them out is not a good idea? Buy a
new car. You can keep your first warrant of fitness
for four years. Cars age between four and ten years.
That only need to take every two years. This is
the government's proposals. Currently, all vehicles WEIS died after the
(10:51):
year two thousand. You need a yearly WAFT. Terry Collins
is principal policy advisor at AA and joins me this morning.
Hate Terry, Yeah, good morning. Any problems with this.
Speaker 8 (11:02):
Well, and we serve out our members and unfortunately, what
they said to us is a third of as support,
a third of pose, and a third are unsure. So
it leaves us kind of wondering having a look here.
Speaker 9 (11:13):
I know, and I.
Speaker 8 (11:14):
Think that's to do with perhaps some of those age
or the length of time that the warrants been done.
What we know is about forty percent of the vehicles
fail the warrant when it gets inspected for the first time.
And I think with the shorter periods, and this is
the work that we have to do further work on.
Is that a lot of people go, I get what
warrant on every six months, it looks like the tires
are going out the warrants next month. I wait till
(11:34):
you get the warrant, so I can extend my warrant
period out with the good tires as long as possible.
If we move to a year, people may go, well,
it's seven months there before I get my world. I'd
better put those tires on now instead of waiting, because
I'll be completely baled when they're done. So we've got
a work around those psychological triggers of the ages and
what they will do. But I mean, on my own
(11:55):
personal circumstances, I've got a ninety seven motorcycle. I've got
done every six months, did over the winter, I put
up the most expensive tires and look after you think
it just seems crazy to do it every six months.
But as I said, we've just got to work out
because of that high failure rate on first expections about
what this age difference is going to do.
Speaker 2 (12:15):
Do we basically we are we saying we kind of
need the reminder of it.
Speaker 8 (12:19):
Almost we do what's coming through as our members as
they do like they have the reminder and they do
like the he of all things paper and the digital one.
They come to rely upon looking up in the window,
seeing when it's due and then arranging accordingly with it.
We do know with the newer vehicles they've got service plans,
so they're regularly going in every fifteen thousand kilometers or
something like that and getting inspected. So the roadworthy is
(12:43):
a strong case for longer period.
Speaker 2 (12:45):
You can't terry completely unrelated and very quickly. In the
UK yesterday on the show, we were talking about headlights
have gone led and the UK government's investigating them because
they're too bright for people. It's dangerous.
Speaker 8 (12:58):
Do you have any We're getting that. There's a number
of studies done on it. What happens and particularly as
you age, your ability to handle the light changes. And
two things have happened. One is we've made it brighter
LEDs and we've put them in taller vehicles, our SUV
so we've moved away from the big sedan to the
taller suv. So we've elevated the lights and.
Speaker 2 (13:19):
We've made we need do we need to do something?
Speaker 8 (13:22):
Well, look we follow international standards and we go to lighting.
So I think the UK looking at it. They're a
major car manufacturer, just like the Japanese and the Americans,
and everybody's looking at the actual feature right now and
the bright lights.
Speaker 2 (13:36):
Well they're annoying.
Speaker 8 (13:38):
Here's the kicking they are. But they work really well
for you if you're driving. They just don't work very
well for other people who are also on the road.
So it said, we've got to get somewhere in the middle.
Speaker 2 (13:47):
Which is a bit of a problem. Terry, appreciate your
time this morning. Thank you. Terry Collins, Principal Policy Advisor
for the AA, twenty four minutes after five, News Talk said,
B we'll get to the US on Hurricane Melissa after
the news at five thirty and then before six o'clock. Well,
we've got a whole lot more about that big fond
here a deal which is likely to go through today.
We'll get a result, News Talks heb.
Speaker 1 (14:08):
The early edition full the Show podcast on iHeartRadio powered
by News Talks IV.
Speaker 2 (14:14):
Five twenty six. News Talks said, B, you know how,
we're a big free trade country. It's our thing. We
explort a lot, we earn a lot we sell, we
get richer, and you want open supply chains, you want
free movement of goods across borders and through the ocean,
et cetera, et cetera.
Speaker 9 (14:29):
We like it.
Speaker 2 (14:29):
It's what we want. Well, today Trump and She of
China are finally going to sign a deal. Well we
hope that they will sign a deal or the framework
of a deal to finally bring an end to this
trade war. And this should in theory benefit both of them,
the region, and then by extension US. This is a
good thing. We're also today going to likely see our
(14:51):
dairy consumer brands sold off to the French and a
deal worth north of four billion dollars, an incredible sum
of money. Also, you go to say a good thing.
Yesterday Westpac came out with some research which was actually
quite interesting. I was going to mention it earlier in
the program. They reckon our GDP wasn't actually that bad
in the Durn quarter, you know the blip, you know,
(15:12):
the horror show. They revised down their estimate of a
zero point nine percent backwards read to just zero point
one percent backwards. I know, quite the revelation they reckon
It all came down to an accounting glitch to do
with the closure of Marsden Point refinery in Northland. This
was several years ago. It's an interesting story interest dot
(15:35):
Co Doon is they go and have a look of it,
Go and have a look at it. In all of
these stories, though, there are two ideologies playing out. Are
we this free trade, open the door, globalist sort of
a country, or are we the Winston Peters protections, don't
sell your milk brands, keep Marsden Point open for goodness sakes?
(15:55):
What kind of country are we? Are we New Zealand first,
because the moral country out there who are protecting themselves,
the greater the argument comes for us to actually do
the same, you know, and we are quite vulnerable those
trade routes that I spoke about, those supply chains when
they break down. It's a bit like a computer, great
thing or a cell phone, wonderful thing while it's working,
(16:17):
and once it goes to put you shick it. So
what sort of a country are we? We are kind
of facing and grappling with that question almost on a
weekly basis at the moment twenty eight minutes after five,
Brian Bridge, here's what Donald Trump thinks of us. This
is his comments after meeting with lux and overnight and APEC.
(16:38):
Have a listen.
Speaker 6 (16:43):
NA.
Speaker 2 (16:44):
Last time I spoke as president, he gave me grief
about my hair is the hair is beautiful. Twenty nine
minutes after five. By the way, we had a pulse auction.
You know how we do the dairy auction every fortnight.
We had a pulse auction yesterday and it was backwards again,
so down one percent on the previous full auction. Down
(17:07):
one point five percent in New Zealand dollar terms, overall
prices down nine percent for the year now, and you
will kind of need them to come back or start
to come back if you want to hit that ten
dollars per kilogram of milk solid promise. Coming up to
five point thirty News TALKSVB. We're in the US.
Speaker 1 (17:27):
Next get ahead of the headlines on early edition with
Bryan Bridge and r V Supercenter explore RVs accessories and
servicing all in one News TALKSTB.
Speaker 2 (17:51):
Twenty four to six News Talks THEB great to have
you come here this morning. We'll look at the Fonterra
farmer deal with the French. Coming up before six o'clock.
Also in the US for Hurricane Melissa, did you know
that the natural increase in New Zealand's population has now
exceeded the net gain for migration for the first time.
What does that mean? We're having more babies than we
are importing them. I suppose you could say, so, this
(18:14):
is STATSY and Z figures. So population increase, that's your
number of births minus your number of deaths twenty one
thousand for the last year. Okay, so we're having twenty
one thousand babies or birth minus deaths. Then you gain
from migration, which is your long term arrivals minus your
long term departures. That's dropped right down to thirteen thousand,
(18:35):
seven hundred. So we're almost having twice as many as
we are replacing ourselves twice as fast as we are importing.
I suppose you could say outside COVID just generally, that
is the slowest rate of population growth overall since way
back in twenty twelve, which is why they reckon that.
(18:55):
You know, once we do open the floodgates and the
migration does turn back on, migration will drive a hell
of a lot of our you know, basically our offspring
and our population growth for years to come. In fact,
if you look at Auckland. In Auckland, already forty three
percent of Aucklander's are born overseas, twenty two away from
(19:17):
six News Talks there b Rosy Leishman for Dneedin this morning, Rosie,
good morning, good morning. Demand for generators they're still quite high.
Speaker 10 (19:25):
Yes, So, Southland and Cluther still remain under a state
of emergency where thousands are without power. Safety continues to
be a concern for PowerNet crews due to the large
number of downed power lines, broken poles and trees tangled
in lines.
Speaker 2 (19:41):
Clue.
Speaker 10 (19:42):
The District Councils added one hundred thousand dollars to its
Marror Relief Fund for recovery ef it's people in Lawrence
and Papa Nui are still asked to conserve water, and
Southland Civil Depends is reminding residents that they can access
almost twenty different community hubs for showers and power.
Speaker 2 (19:59):
Right, how's your weather.
Speaker 10 (20:01):
It's mainly fine today with a chance of an evening shower.
Westley's from late morning in a high of eighteen degrees.
Speaker 2 (20:07):
Thank you, Rosie clear she would and christ Church morning, Claire,
good morning. Now what's gone on with this music festival?
Speaker 11 (20:13):
What is going on with this. This has been a
six month long battle to get resource consent for Rolling Meadows.
Of course, Rolling Meadows has been held at wipe At
a north of christ Church for a few years now,
but it's been trying to move to a new site
at Bottle Lake Forest here in christ Church. This resource
consent application was first lodged with christ Church City Council
(20:35):
in April. We now know that it will be able
to go ahead, but after several hurdles and some stricter rules,
including a two am curfew for all of the stages.
The Rolling Meadows director Jamie Moyer says they had originally
hoped to get a ten year consent but have settled
with three. He says that was a concession they just
simply had to make. They are looking at applying for
(20:57):
an extension on that consent after this year as a head,
hopefully successfully.
Speaker 12 (21:02):
Moyer says.
Speaker 11 (21:03):
The stage closing earlier is a bit of a shame
that the buzz of being in christ Church does outweigh
that certainly.
Speaker 2 (21:09):
Well. How's you wear?
Speaker 11 (21:09):
The clear fine northwesterly is strong a bit later today
and an maximum of twenty Thank.
Speaker 2 (21:14):
You very much, mex and weilling to mix. I saw
Andrew Little went with a labor mate.
Speaker 13 (21:18):
Aim, yeah, exactly, a bit of pretectable Andrew Little. They're
making a couple of announcements yesterday, as you say, one
a little safe labor councilor. Ben McNulty will be his
deputy mayor. They know each other well, they're both labor.
There might be a little bit of criticism from certain
people of there now being two white guys in the
top roles, but look, we just had two women, and
who cares. McNaughty smashed his council race, regaining his seat
(21:41):
by the largest majority since the single transferable voting began.
He's big on social media, he's still pretty young, worked
in financial services.
Speaker 2 (21:50):
But look yeah.
Speaker 13 (21:51):
The other more interesting announcement was Little saying all key appointments,
like the deputy mayor, committee appointments, committee chairs, they're only
going to be for eighteen months, and so after that
period McNulty and Little both reckon he will make way
for someone else. McNulty other counselors clearly being kept on
their toes. An interesting tactic, but makes sense. I suppose
(22:12):
in the context that Little is new to the job.
He doesn't know very well, some of these counselors. The
first full meeting is in three weeks.
Speaker 2 (22:19):
Okay, I suppose you don't want to trust them. You know,
if you don't know them, you don't trust them. So
how's your weather, max?
Speaker 13 (22:25):
Yeah, three years can be a long time. Fine nor
Westerly sixteen the high, brilliant.
Speaker 2 (22:29):
Thank you. I see. This is what something that's always
fascinated me. Can you have two men? Of course you can, yes,
because you can have two women. But it used to
happen in news. One time I present the news alongside
Duncan Garner. Oh and there were people saying, oh, you
can't do that because it's two men.
Speaker 14 (22:45):
You're true there, But if you do.
Speaker 2 (22:48):
Have two women, you can have two men, surely exactly.
Speaker 14 (22:52):
You can have a park here, you can have you know, because.
Speaker 2 (22:54):
They've just had two women, they can have two men.
Speaker 14 (22:56):
Yes, I'm having this conversation asleep for goodness, say heavy Thursday, everybody,
all right, we'll tell.
Speaker 2 (23:05):
Us about your news.
Speaker 14 (23:07):
Okay, Well, I'm going to talk about Auckland Council because
it's launched a new tool and online tool and it
can show flood risks and coastal erosion areas. So This
is great news. Yes, it's not boring because it's going
to help homeowners understand the natural hazards of their homes.
So obviously this tool follows the twenty twenty three floods
and new planning rules that restrict development in these areas,
(23:29):
you know, the areas that are vulnerable to natural disease.
Speaker 2 (23:32):
Now that's good, that's good. Hope it'll make it simple
for it because a lot yes, they do have tools
at the moment, but.
Speaker 14 (23:37):
They just too Yeah, exactly, so that one there, I'm sure,
but a lot of homemowner is people go to that.
Speaker 2 (23:41):
How's our weather, Okay.
Speaker 14 (23:43):
Cloudy, isolated chils mainly in the afternoon. Hey, light winds
light keyword since we've had such strong winds over the
last week. So Hi of nineteen.
Speaker 2 (23:51):
Good to see neither eighteen minutes away from six year.
On news talks, they've been we'll find out about the
very strong winds Hurrican Melissa next with a US correspondent,
and before six o'clock this morning, we'll talk the Fonterra
deal news talks. Head be If you run a small
business in this country, you know how annoying it is
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(24:14):
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with zero TEP to pay getting paid just got a
whole lot easier to such zero TEP to pay in
your app.
Speaker 1 (25:11):
Store International correspondence with ins and Eye Insurance Peace of
Mind for New Zealand Business.
Speaker 2 (25:18):
Go to Mague with correspondent Nick Harper, who's joining us.
Hurrican Melissa has been making lamb fall over Jamaica. Also
see it to hit Cuba. Nick, what's the latest here, Yeah.
Speaker 12 (25:27):
Ran, it's very much born the brunt of Hurricane Melissa.
Jamaica absolutely slammed by this Hurragon. It hit the island
as a Category five hurrican, the highest category. It's the
worst ever to hit Jamaica. The word devastated being used
a lot. The Prime Minister of the country. He's declared
the country to now have a disaster area across the
(25:48):
entirety of the island. About eighty percent of it is
without power. We're also told that large parts of it
are underwater. The storm has decreased slightly. It's now a
Category three hurricane and it's passed over Cuba, also causing
plenty of damage there and now on its way to
the Bahamas. We're told more hurricane conditions are expected there,
potentially life threatening storm surges, plenty of flooding, potentially lots
(26:12):
of rain, and maybe storm surges of around seven feet
hitting the coastal areas of barnas the nick.
Speaker 2 (26:18):
Meanwhile, South Korea, we've got to api CON and they
highly anticipated many courses between Trump and choosing Ping of China,
and we are expecting some sort of a deal or
a framework of a deal to be signed. Well, that's
the plan.
Speaker 12 (26:30):
Donald Trump seems very optimistic going into this. It'll be
the first face to face meeting with the Chinese leader
of his second term. And really they've spent months haggling
over trying to get tariffs down. If they don't do
a deal in just a few days, then we could
see tariffs in excess of one hundred percent placed on
goods between both sides. It would mean essentially trade between
(26:51):
the world's two largest economies shut down. So they're trying
to avoid that. Do some sort of deal reduce the
tariff rates. But there are plenty of problems in amongst
all of this, In particular rare earths, the type of
things that the US economy needs to keep electric vehicles
running and high tech products. China has a stranglehold of
exporting those minerals. Donald Trump wants more of them, and
(27:13):
he also wants China to borm buy more agricultural products.
US farmers are very much struggling at the moment as
a result of all of this trade dispute. They are
due to meet Thursday morning. We'll see if a deal
can get done. But Donald Trump at this stage seems
to be suggesting that hours of talks with the Chinese
leader coming up will bear fruit and we should see
a deal getting done.
Speaker 2 (27:33):
Nick. Thank you, Nick harper Our, US correspondent, twelve to six.
Ryan Bridge, signs are looking good for Fontira's consumer brands
selling after the French getting the green light This morning
will now at around ten forty five. Gary Raima is
that Fontira shear holder end supply joining us this morning morning? Gary, right,
good to have you on the show. So what are you, Ricka?
(27:53):
And it seems like it's kind of a foregone conclusion.
What's you'll read on it?
Speaker 9 (28:00):
You can never say never, can you? But yeah, I
hear a few farmers who tell me they're going to
vote against it, but by a large majority are seen
to accept management in the boards rationale for games going
ahead with it with the sale.
Speaker 2 (28:17):
Yes, which way did you vote? Carry? Can?
Speaker 4 (28:19):
I ask?
Speaker 6 (28:20):
Oh?
Speaker 9 (28:20):
Yeah? More happy to say I voted in favor why.
That was one of the one of the one of
the tipping points for me was that it is only
seven percent of our milk going into into the brand's business,
and I thought, so it's not taking out a big
chunk of our milks apply you know, lack Parlas should
(28:41):
want to source their milkoutsewhere, And I don't know why
they would because they like our our carbon footprint, which
you know, the same with newscas to all these companies.
They want to get our products. We've got to lower
carbon footprints for taking users as part of the marketing.
So I don't think they'd never walk away from our milk,
but it was still affecting my consideration. But the other
(29:03):
part too, I think it takes a lot of noise
out of the farmer arena as well when we operate
business for business rather than business consumer and and there's
a lot of other things farmers can deal without having
to worry about whether people complain about the price of butter.
Speaker 2 (29:21):
That's a very good point one well made. Gary. What
do you think farmers are going to do with the proceeds.
I mean there's a lot of there's a lot of
on farm cost increases that you've been wearing for years.
Now do you payoff some mortgage? You know, do you
pump it back in? What happens to it?
Speaker 9 (29:38):
Yeah? I think there'd be a wide range of things.
I mean, what do you need to remember as well?
And what people need to remember. They think, oh, it's
going to be a windfall for farming. Yes for some farmers,
and may well be, but they'll be pretty long in
the tooth. When Fromterira formed, and I'm not one hundred
pier and the numbers anymore, but we were roughly thirteen
(29:59):
billion leaders and we've climbed over twenty billion meters. The
share price when Fonterra was formed was four dollars a
kilo and the climb to eight dollars a kilo. So
a lot of that new milk was paid for make
by shares, which farmers have to have, you know, one
shar or used to have to have one share for
(30:19):
every kg mook follows. So that milk or that increased
production was brought out between four and eight dollars a
share price. So all this is doing is returning to
capital that some of those farmers probably paid four or
six or seven dollars for and bringing it back down
and say they have carried it dead in the balance
sheet and now they're going to repay some of that
(30:40):
debt because the share price has been a lot lower.
It's back up of six, but it will also drop
back down. So you know, all of this is replacing
capital on the balance sheet that was there taken away,
and then we'll be taken away again after after the distribution.
Speaker 2 (30:56):
Very great perspective. Thank you, Gary Rama. Fonterra shareholder supply
voted yes. We'll know the results by eleven am. It's
eight to six News Talk sead B on.
Speaker 1 (31:06):
Your radio and online on iHeartRadio Early edition with Ryan
Bridge and are the Supercenter explore the accessori's hand servicing
all in one news Talk sed B News Talks.
Speaker 2 (31:19):
Heb it is six minutes away from six. Here's a
little bit of Trump yesterday, I think giving an impersonation
of Modi from India. You know they're worrying.
Speaker 6 (31:27):
They're strong people. I'll tell you what pre minise Emodi
is the nicest looking guy. He says, Oh, he looks
like you'd like to have your father. Like he's a killer.
He stuff as well, No, we won't fight. They said, Wow,
this is the same man that I.
Speaker 1 (31:44):
Know, Ryan Bridge.
Speaker 2 (31:45):
So this is after his told Apex and all the
world's leaders that he has solved eight wars in eight months.
He was quite happy about that. It is five minutes
away from six now, Mike's in the studio, Morning, Mike Morning.
Speaker 15 (31:56):
I watched that speech, and do you think people are
too polite to mate? I've heard this like nine hundred
times before.
Speaker 2 (32:03):
I was thinking this yesterday. If you were there watching
that speech live, I mean I personally would be enthralled
woil just at the performance of it. To be in
the same room, in the same room, and also to
have the sky yelling at all these world leaders saying
I've solved three thousand years of At least you know.
Speaker 15 (32:20):
It's not true. I know it's just a mate, He's
that fine line between. I mean, I admire him because
some of the stuff he says is true, and that said,
this is part of his problem. But a lot of
some of the stuff he says is actually accuracy. A
lot of it isn't. And so in with the accuracy
is they're just the fantastical nonsense totally. But once you've
heard it, and I've heard it, Lord knows how many times.
(32:42):
Now I'm thinking, mate, get some fresh material. You Are
you excited about the vote today?
Speaker 2 (32:49):
Well, I mean in the sense that it's going to happen.
I think. So it's a fuegone conclusion.
Speaker 15 (32:55):
Do you think it's a full gone conclusion if you
were a farmer? This is what I've been thinking about,
because I'm against the sale, right, so I would vote against.
Speaker 2 (33:04):
This, would you? Yes? I would? But but your little
protectionist No.
Speaker 15 (33:08):
But if I was thinking to myself, Fan four hundred thousand,
I read a very good piece yesterday, and they make
it not long ago, a couple of years ago from
Terra was hopeless, right, absolutely hopeless.
Speaker 2 (33:19):
What's to say.
Speaker 15 (33:21):
They're not hopeless still? And they're making a strategic mistake
that ten years time again a.
Speaker 2 (33:25):
Lot of their money I mean, and that this is
what Myles Harrison, a lot of their money now. The
actual massive margins are coming from the I'm hugging every day.
Speaker 15 (33:33):
But only you got to have a buyer for that,
And like tarleists are going, yeah, we'll give you ten
years and then maybe we won't give you anymore. Anyway,
You're right, I mean, it will go through. But it's
an interesting subject. I nice to see you off another
one of your holidays.
Speaker 2 (33:45):
I still fewer breaks the new total bollocks right, I'll
see you in a couple of days. Everybody.
Speaker 1 (33:56):
For more from Early Edition with Ryan Bridge, listen live
to News Talk said Be from five am weekdays, or
follow the podcast on iHeartRadio
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