Full Show Podcast: 06 March 2025

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:02):
Digging through the spin spins to find the real story.
Or it's Ryan Bridge on Hither Duper c Ellen Drive
with one New Zealand let's get connected and news talks.

Speaker 2 (00:13):
That'd be good afternoon six after four. Great to have
your company coming up on the show. The Bell's screening
program changes. There are two of them. One is extending
and one is pulling back. We'll look at the numbers.
How many lives can you save and how many do
you lose from making these changes. Phil Goff's been fired.
Greg Fororan has hit the eject button on his job.
We'll look at both of these, and how many times

(00:35):
per hour do you think you pick up your cell phone?
I'll tell you, Bryan Bridge. So Winston Peters has made
things pretty darn clear for anyone representing our interests abroad.
If you insult Donald Trump, you're fire.

Speaker 3 (00:50):
I'm fired.

Speaker 4 (00:51):
Get the hell out of here, you're fired.

Speaker 2 (00:53):
The sacking half in this afternoon. So it's possible that
Phil Goff is sleeping right now, not even aware that
he's been given the imagine that, no doubt, there'll be
frantic mystic calls from Helen. She's leaped to his defense.
This is a thin excuse for sacking a respected man,
She says, et cetera, et cetera, et cetera. But the
fact is that what Goff said was stupid and is

(01:16):
actually quite serious. Here's why he was basically big Noting
at this Chathamhouse Chardonnay event in London, he asks a
question to a panel and, trying to be clever, ends
the question, which is comparing the nineteen thirty eight Munich
conference before Hitler started World War II to Trump and
Ukraine ends it by asking do you think Trump understands history? Now?

(01:42):
On the face of it, that doesn't sound that bad,
does it. Halen Clark's got a point about that. But
the context here is everything. Trump has very thin skin.
We know this. He doesn't like being insulted, and when
somebody attacks him he does retribution rather well. No one
does utu like Donald Trump. And right now New Zealand

(02:05):
is in the worst recession we've been in for thirty years.
Our primary sector has battled tooth and nail very hard
to diversify our exports away from just China to the
United States. It's now our second largest goods export market,
overtaking Australia. It is our number one export market for
meat number one. It's worth billions and billions of dollars.

(02:28):
It's worth hundreds, if not thousands of jobs. Those jobs
support families, and taxes pay for health, education and pensions.
This week, Donald Trump promised to put tariffs on all
agricultural products entering America. If this happened at a rate
similar to the one that is slapped on Canada and

(02:50):
slapped on Mexico, that would be a big problem for
US in New Zealand and right now. As a result,
we have diplomats, very good ones in Washington, calling, emailing,
meeting with Republicans and officials trying to get an exemption
to this. We're trying to do a deal with Donald
So when a representative of that same government insults him,

(03:15):
implying he doesn't know his history, it matters. Phil Goff
was playing the role of politician, not diplomat, and that's
why when he wakes up in London this morning, he'll
be packing his bags and flying home ran Bridge after
four Consumer ends Z nine ninety two is a numb
to text. By the way, Consumer in Z wants the

(03:35):
Commerce Commission to stop messing around and just ban card
payment surcharges. They must annoy you when you go shopping.
Card payment surcharges are those annoying extra payments that you
have to make at the counter when you're paying for
something with your phone or with a contactless card. Now
the Commerce Commission is considering making changes in this space,
but they haven't said anything yet about an outright ban.

(03:58):
Jessica Walker is with Consumer Insach is with me the Southternoon.
Hi Jessica, Hi there. You mentioned that you guys have
got hundreds of complaints. What are people saying? What's wrong?

Speaker 5 (04:09):
So most of the complaints we're getting are about just
the percentage of the surcharge. Our advice is anything above
two percent is excessive. And some of the complaints we're
getting are kind of in the twenty percent mark. So
there are some absolute homdingers out there.

Speaker 2 (04:21):
Twenty percent. How many people have been charged twenty percent?

Speaker 5 (04:26):
So these tend to be you know, when you go
to park your car and you have to pay at
the meter, and you've got no choice but to pay
by card, and it's a flat fee that can be
up to twenty percent. We also get a lot of
complaints about airline charges, so they tend to be flat fees. Also,
taxis have got a bit of a reputation here as well,
so some of these, they're definitely groups of them where
you can be really stung with these excessively high surcharges.

Speaker 2 (04:49):
At the moment. The rules, well, they're just guidelines, aren't they,
So you can pretty much do whatever you want. It's
the wild wizz.

Speaker 5 (04:56):
So the guidelines say that they should not be excessive,
that they should be transparent, and that there should be
a way to avoid them, but we are hearing that
that's not always the case, and so yeah, that's the problem.
But you're absolutely right because as guidelines, there's really nothing
to stop stop businesses retailers from behaving like this.

Speaker 2 (05:14):
So the Commerce Commission wants to lower the interchange fees,
but you want them just banned out, right, isn't it
going to be on fear? I mean, if you're a
dairy owner and you're getting charged a fee from a
visa or from a bank or whatever, you want to
pass it on, right.

Speaker 5 (05:30):
So the interchange fees and the surcharges are quite separate.
So the interchange fees is what's being consulted on right now.
So that's the payments that their retailers are incurring. So
this is their payment providing fee, and then the surg
charges is what they're able to pass on. So yes,
you're right. So what the're consulting on now is lowering
these interchange fees, which should, in theory then mean lower

(05:50):
fees to consumers. But what we're saying is we don't
think that is necessarily going to happen. In the past,
we haven't seen that happen, so we're wondering why this
would be any different. So what we're calling for is
for the Commerce Commission to make this a priority and
at least consider putting surcharge bands on the table.

Speaker 2 (06:08):
So you want so how would this work? So the
banks or the cards charge the fee to the dairy
owners the retailers, and they charge us the surcharge and
you're wanting the surcharge band. But would that not then
also leave the retailer picking up the tab.

Speaker 5 (06:31):
Yes, So what's happening now, So the consultation on the
interchange fee. So they're looking to lower that and we
support that, And what that would mean is the fees
to retailers would be lower, lower, but not nothing lower,
but not I think exactly, So, yes, it would mean
that they would be incurring more costs, and yeah, we
could see then that it is costing consumers more. But
in the minute, we're saying that, you know, people paying

(06:52):
on debit cards are subsidizing some credit card payments because
they're more expensive, and generally there's just one flat fee.
So we don't think it would make things worse. In fact,
we think it would make things better because it would
just be clearer.

Speaker 2 (07:05):
Interesting, Jessica, thank you for that. Jessica Walker, who's with
Consumer in Z. It's just gone thirteen minutes after four.
I would have thought and get in touch with me.
Nine two nine two. I would have thought that you will.
We will pay either way. I mean, if the if
the retailers aren't able to claw back through a surcharge,
they'll just craw back the cost that they're being charged
by the banks or the credit card companies or whatever.

(07:27):
They'll claw it back through higher prices. Weren't they. So
at some point we lose, don't we We're always the loser.
Fourteen after four news talks ZB Darcy Watergrave is no loser.
He's been up all night watching the cracket.

Speaker 1 (07:40):
His next it's the Heather du Bussy Alan Drive Full
Show podcast on iHeartRadio powered by News Talk.

Speaker 2 (07:47):
ZB News Talks ITB. It is seventeen minutes after four
loads of texts coming in on two things. On the
surcharges for I don't know what people hate more Phil today,
Phil Goff or Surcharges on their credit cards. I think
both an equal measure anyway. On the Phil golf issue,
so Winston Peter's a sack fil golf and a lot
of you are saying, yeah, that's great, but a number

(08:08):
of you are saying, why are we sucking up to Trump?
Like you know, we're basically bending over it and taking
it from Trump. Well, I'm sorry, but we sort of
have to bend over as far as we can. They
are our number one export market for meat. We are
an agricultural country, a trading nation. I'm sorry but that
We're just tiny. We're a speck, We're a blip on

(08:29):
the radar. So we have to be careful how we
talk about the US, and we have to be careful
how we talk about China, which is why I was
as off with David Seymour the other day having a
crack at China as I am about Phil Goff having
a crack at Donald Trump eighteen after four ran Bridge. Hey, Darcy,
I love sport. Let's stick to that, shall we? How

(08:52):
you had a late night last night?

Speaker 6 (08:54):
I eventually crawled into the scratch and till in the
morning of Ostraga, what time it was watching that magnificent
first up innings for New Zealand three hundred and sixty
two for six masterclass from radishing wreck Revenger. I've got
to stop calling that. Let's face it is, and came Williamson,
a ton each for that. Mitchell chimed in after a

(09:15):
break with forty nine Phillips forty nine, who started tearing
it up. He hitded one hundred and eighty one hundred
and eighty two towards the end of that so great
total three sixty two, and they got off to a
good start. I didn't see this bit till the next
morning because I had to go to bed and kind
of go to sleep, get some my ugly sleep. But
they came back pretty good. But then slowly but surely

(09:38):
the screws were turned and in the end it was
a fifty run victory. It should have been a lot more,
but Miller went absolutely bananas. Toward the end he had
one hundred off only sixty seven delivery. So if it
wasn't for that, it would have been a wee bit
more embarrassing, you'd suggest, but a comfortable and who cares.

Speaker 2 (09:58):
We're in the final roun. That's fantastic. Now, what's happening
because obviously Cycling Elfred is coming. It's been delayed a
little bit, but it's still coming. What's happening with the
Crusaders and the Queensland Red.

Speaker 6 (10:10):
Oh, the Reds are over here because they're playing on
Sunday afternoon, lean to or least case their coach said, look,
you want to go home? Go home?

Speaker 2 (10:20):
Are they going to some of them going?

Speaker 6 (10:22):
Well, some of them will. I'd suggest. You know, you're
sitting here in Christ's beautiful place, and you know there's
a devastating song that's going to trash your house is
going to be flash floods. You don't want to be here.

Speaker 2 (10:34):
You want to be with your family.

Speaker 6 (10:35):
And that's much bigger than a game of rugby. And
I think of anyone understands that it'll be the Crusaders
after what happened in the earthquake as well, they're like, Wow,
we want to look after what's important to us and
it's not kicking a leather eager.

Speaker 2 (10:50):
Around from it. From a rules perspective, could they are
they would they be within their rights to just pull
the game altogether and reschedule.

Speaker 6 (10:58):
That's a really good question. And believe that Jack Messly
from Super Rugby's gonna be on with Jason over the weekend,
so they might even look at that to see if
there's anything.

Speaker 2 (11:08):
I mean, if it was really bad, I mean, you
wouldn't want to play, would you. You know, well, no,
you're looking at that.

Speaker 6 (11:13):
Well, yes we are. But that's the nature of the media,
right and we didn't talk about politics for that.

Speaker 2 (11:18):
I'm eternally thankful, Darcy see you tonight. Darcy Watergrave was
for twenty after four year on newsbaper.

Speaker 6 (11:24):
John Brace was going to join us to talk about that.
By the way, former New Zealand.

Speaker 2 (11:27):
Coach Brilliant look forward to it. Al says Ryan. As
a diplomat, Gough should have known much better, deserved to
be sacked. Good job. I mean, there's there's no denying that.
There's no getting around it. He was speaking like a
politician wearing diplomat's shoes and for that the consequence is
a sacking.

Speaker 1 (11:47):
Checking the point of the story, it's Ryan Bridge on
either duplic Ellen Drive with one New Zealand let's get
connected and news talks.

Speaker 2 (11:55):
They'd be four three bears, says Hi, Ryan, Does anyone
know what Chris Hipkins said about the sacking of pel GoF?
The answer is no. We have made contact with his
office today. But I've been listening to Chris Hipkins over
the last couple of weeks. Toe a very tight line
with Rea Donald Trump. He doesn't want to be the
guy that comes out, the politician that comes out and
says Trump's a Nazi or whatever, and then you know,

(12:19):
we our chances of an exemption to some tariff fall
through and he costs US hundreds of millions of dollars.
So he's been very very careful, been very diplomatic, quite
unlike his former colleague and Phil Goff this one on
f post charges have been talking about the surcharges today
consumer and ZED wants to basically ban them.

Speaker 7 (12:37):
Ryan.

Speaker 2 (12:38):
I was in Christiat Airport last Saturday, bought a scone,
brought a coffee. No posted surcharge on the counter or
the f poss machine, swipe the card boom a dollar
twenty four surcharge added not very transparent, ben According to
the guidelines, you're not meant to do that. The guardlines
tell us that that should be displayed and you should

(12:59):
be made aware of any surcharged before you pay it.
Clearly that hasn't happened, so it's a breach of the guardlines.
Twenty four and after four Bryan Bridge Petrol's about to
get a whole lot cheaper. You'll be pleased to hear
this news today. So it's basically for two reasons. The
exchange rate has stabilized a bit, but that's not the
main one. The main one is the Brent crude coming
down a dollar is so one hundred and twenty two

(13:20):
dollars a barrel overnight. That is the lowest level it's
been in three years. Why will opek This is the
Arabs and the other oil producing states that come together
and control supply. They are boosting production. So you've got
that happening on one hand. At the same time, the
world's economy is not growing as fast as it which
means les demand and that means a lower price. So

(13:42):
oil down fifteen percent this is Brent crew downe fifteen
percent since January. Liam Dan has been looking at this
and he's been crunching some numbers and will tell us
more about it. He's here after six pray in Bridge Breach,
not twenty five after four now Greg four and so
I feel like this is this is either resignation week
or it's firing week. Just a lot of big jobs,

(14:04):
a lot of balls in the air at the moment
with a lot of big jobs. So yesterday it was
Adrian or going, today it is Greg Furan, along with
Phil Goff obviously, but Greg Furan is stepping down from
me in New Zealand. Five years in the job, big job,
you know, amongst the toughest. I think Perry is that
any in New Zealand boss could face. His earnings were

(14:25):
down thirty million in first half. He's had engine issues,
he's had planes grounded COVID. I mean he stepped in
there a month before we locked the waters down. Terrible
timing from him. But from my perspective, he's always I've
always rated him from a media perspective because he's always
fronted up, you know, whether they've had flight cancelations or

(14:48):
customer refunds or whatever. Engine issues always there and quite
good at explaining stuff have to say, though the airline's
reputation not exactly in the great place. You know, prices
going up, the cancelations, the on time issues probably give
him a seven out of ten. I reckon. Ironically, I

(15:09):
say he's been good with the media. He's not talking
to us today. He's not talking to anyone today for
whatever reason, but he's announced it to the Stock exchange
twenty seven minutes after four. Barry Soper will be here
a little bit later on as well. Maybe he knows
what's been up with Chris Hipkins.

Speaker 1 (15:42):
After making the news, the newsmakers talk to Ryan first.
It's Ryan Bridge on hither Duplessylan drive with one New Zealand,
let's get connected news talks.

Speaker 8 (15:53):
He'd be.

Speaker 9 (16:00):
You've told me.

Speaker 2 (16:06):
Good afternoon, twenty five minutes away from five news talks.
They'd be coming your way up to five. We're going
to talk about bowels screening. The government's made changes and
the difference is basically two years. So anyone can get
a free boll screening right now if they're between the
ages of sixty and seventy four. That age for everyone
is coming down from sixty to fifty eight, So two
years earlier, it's going to cost them thirty four million bucks.

(16:28):
Where'd the money come from? It came in part from
funding specifically for Malori and Pacifica people who were able
to get the access to the bow screening from a
much younger age. So what does this mean in terms
of lives saved? That's the key question. We'll ask some
me and Brown about that later on. A couple of
a couple of you have been messaging saying what did

(16:49):
Hipkins say about goth and getting fired by Winston, etc.
Turns out our newsroom, the news on there did have
a grab from Hipkins reacting. Have a listen for politician
had said those comments.

Speaker 10 (17:03):
I don't think anyone would particularly bet an Eyelid, but
Phil GoF is currently a diplomat, and so there is
a different standard for diplomats.

Speaker 2 (17:09):
There you go, Here's what Winston Peters had to say.
By the way, apparently he said it was quite a
hard decision getting rid of.

Speaker 11 (17:15):
Goth Well, look if made that comment about Germany, France,
Tomra or Samoa, I'd have been forced to act in
this seriously regrettable one of the most difficult things once
had to do in a whole career.

Speaker 2 (17:27):
There you go. Time has just gone twenty four minutes
away from five.

Speaker 1 (17:31):
It's the world wires on news talks.

Speaker 2 (17:34):
They'd be drive cyclone Alfred will arrive in Australia, but
it's delayed and it could last longer. Now, looking at
Friday night or Saturday morning, here's the premiere.

Speaker 12 (17:45):
You will experience at least one of those key four
challenges waves, whend, rainfall and all flooding.

Speaker 13 (17:53):
And it's important that Queensland is.

Speaker 14 (17:54):
Prepared for that.

Speaker 2 (17:56):
Trump has delayed some tariffs, namely for car This is
in Mexico and Canada for a month. Everything else imported
from the US from those two countries will still get
the twenty five cent. Canada's foreign minister is talking tough.

Speaker 15 (18:08):
We won't let this crisis go to waste.

Speaker 3 (18:11):
We will reinforce ourselves and we'll make sure that Canada
is strong and.

Speaker 2 (18:15):
Prov Finally, this afternoon, tensions between the US and Canada
seem to have spilled over into the Animal Kingdom. A
photographer in on somebody emailed me yesterday because I'm saying
it wrong. Ontario or Ontario. It's on Tario Ontario, Ontario.

(18:36):
So there you go. A photographer in Ontario has taken
photos of a scrap between a Canadian goose and a
bald eagle on a frozen lake. The two birds fought
to twenty minutes and in the end, you know it,
the bald eagle. Oh, the baald eagle fled in defeat.
I didn't see that coming.

Speaker 1 (18:55):
International correspondence with Ends and Eye Insurance, Peace of Mind,
Zealand Business.

Speaker 2 (19:01):
Murray Old is there, Australia correspondent Murray, Good afternoon. Good
to have you on the show.

Speaker 8 (19:05):
Thanks, Ryanire, good afternoon.

Speaker 2 (19:07):
So we better start the cyclone. What is the latest here?

Speaker 8 (19:10):
Well, yeah, I heard you say there Friday night, Saturday morning.
They are now saying Saturday morning. Much more likely. Alfred
of course turned west, heading now towards the Queensland coast.
Expected to hit between Noosa, which is way up north
of Brisbane and cooland Gata, which is on the New
South Wales border. That will be the zone where it's
going to hit. That's a very big zone and that's
nearly three hundred k's. Supermarkets are closing from this afternoon.

(19:35):
Petrol stations are still serving petrol and diesel but not
sure for how long. Hundreds of schools have closed. The
Australian Defense Force has been mobilizer sending a few dozen
soldiers up north, are prepositioning some sort of areal assets
as well. You've got federal cash ready to go for
more than two dozen local government areas that are going

(19:57):
to need some help. Maybe twenty thousand homes have to
be evacuated from northern New South Wales because there's plenty
of bad weather already. There's heavy rain, strong winds and
very very big seas. You're talking waves off the coast
of southeast Queensland twelve meters so the seas are pounding in.
Airline schedules of course disrupted as well. And this is

(20:20):
just the start. Next forty eight hours seventy two hours
are going to be very very difficult.

Speaker 2 (20:24):
The defense spending issue. I saw the story yesterday. I thought, well,
that's a heck of a lot of money. In fact,
I went and looked it up in dollar terms, what
the Americans apparently are wanting you guys to spend on
defense is more than what the Brits are going to
increase their spending by.

Speaker 8 (20:39):
Well, we're coming up a lower based out figure, although
Australia is still spending and I like to sit down
when I read this too. I was looking up as
similar like I was doing a bit of research as well,
knowing you wanted to talk about this. Australia currently are
spending more than one billion dollars a week in defense. Okay,
it's now under Alban Easy labor has boosted the defense

(21:00):
spend to two percent of GDP over here, but Washington
is saying, you want to get to three percent or
you know, all bets are off. That's a huge increase.
That's an increase of what is that fifty percent? So
I'm not sure what the timeline is. We're already in
the whole for nearly four hundred billion dollars for these
Americans are nuclear powered submarines that may never be delivered.

(21:24):
And plus there's got to be a big worry about
Donald Trump, who didn't know what Aucust was. You know,
it's the agreement between Australia and the United Kingdom and
the United States August Donald focus, mate concentrate. He didn't
know what the.

Speaker 16 (21:36):
Hell it was.

Speaker 8 (21:37):
So he's also applying apparently going to apply tariffs to
Australian Aliuamedian, even though he just handed over a check
for hundreds of millions of dollars as a down payment
for these wretched submarines that apparently will be out of
date before they arrive anyway. So it's it's just it's
an absolutely bloody mess and other knows like headless chucks

(21:57):
over here, really and truly you're not sure what's going on.

Speaker 2 (22:01):
Yeah, well we feel a very similar way over here.
Just we're not spending a billion dollars a week. At
least it's a lot less than that. I think it's
fine billion a year. So country Road, this is the
boss of country Road in Australia. They reckon we're in
a retail you're in a retail recession there, yes, not according.

Speaker 8 (22:18):
To broader figures. I mean country Road. You know, it's
expensive tat for yuppies, is the way it's been described here.
You know, pair ofchinos, if you want to spend one
hundred and fifty two hundred bucks, that's fine, go and
do that. Most people WI prefer to spend sixty or
seventy bucks for pirachinos. Don't look any different. So, you know,

(22:39):
Country Road may be feeling good, pinch, but other retail.
The retail figures for January came in this week and
they weren't too bad. I just forget the exact figure.
But look, there's been some economic news this week. The
National accounts figures were about where Labor expected. So labor's
heading into an election. It could be called this week

(23:00):
as well. Anthony Albanezi, you know, he says, I'm not
talking about election speculation. I'm spending the next the next
few days working out of the National Situation Room as
we monitor the cyclone. I mean, looks good for the
cameras and but it wouldn't surprise me to see him
go to the Governor General on Sunday at Gordon an election.
There's lots of you know, point to this and then

(23:23):
you know the polls out that flash for Labor, but
it's only fifty one to forty nine two party preferred.
Peter Dutton remains deeply unpopular. Labor comport to an interest
rate cut and say well there's more on the way,
even though they have no idea there's more on the way.
There's a bunch of different things. Both sides have pledged
billions of dollars in spending. Not sure where the cash

(23:45):
is coming from. But certainly labor's on the ball with childcare,
with with pay rises for the lowest paid. These are
the people working in aged care. For God's sake, they
take over forty bucks an hour, some of them much
less than that, and that's it's just not a good
thing for the economy when so many people are getting older.
I'm going to need someone looking up to me.

Speaker 2 (24:05):
I'll come over Murray. Hey, you're a good man, just quickly.
If the storm is really bad, he can't call on Sunday, Kenny,
I mean that will be well surely.

Speaker 8 (24:15):
Well, you know we're still like April twelve, we're still
over a month away. It's going to be hard to campaign, obviously,
but it's a big country. You might have to miss
out in south east Queensland for a bit, but there's
plenty of Victorian seats they need to prop up, plenty
of New South Wales and it's in Sydney's West as well.
Perth remains very very much live, but all the intelligence

(24:37):
is pointing to a very strong performance from the Teals
over here. The Independents who say they're not aligned, but
bore they are, and it could very much be a
minority government. Not sure which side's going to have the
biggest handicats.

Speaker 2 (24:51):
Murray Old's are Australia correspondent, Thanks for that. Sixteen away
from five News talks they'd be and Barry Soper is next.

Speaker 1 (24:57):
Politics was centric credit, check your US and get payments certainty.

Speaker 2 (25:01):
Sim In Brown Live after five, fourteen to five. Now
Barry Soper, Senior Political correspondent, Very good, afternoon, afternoon. Right,
you've come with the receipts on GoF, you've got the clips,
you've got the audio for it.

Speaker 4 (25:12):
Or Old phil Ay just can't keep his trap shut
and that really is a problem for an ambassador when
well he's the High Commissioner, but nevertheless he is the
top diplomat that we've got in Britain. You know, he
was at an event at Chatham House and the old
Chatham House rules clearly did it in the play, which

(25:34):
is a bit of a pity really for him. But
basically the video shows Golf speaking at an event there
with Finland's foreign minister. It was a panel and during
the Q and A the two were discussing how Finland
kept peace on its border with Russia. Now this is
how phil Goff effectively finished his career as a diplomat.

(25:58):
Asking a question of the uncomfortable Finnish politician phil Golf,
New Zealand High Commissioner, I was rereading Churchill's speech to the.

Speaker 3 (26:07):
House of Commons in nineteen thirty eight after the Munich Agreement,
and he turned to Chamberlain. He said, you had the
choice between war and dishonor you chose dishgnor yet you
will have war. President Trump has restored the bust of
Churchill to the Oval Office. But do you think he
really understands history.

Speaker 17 (26:29):
I will limit myself to saying that in this time,
and I did it myself. I quoted Sir Winston Churchill,
and I think he has made very timeless remarks.

Speaker 4 (26:44):
Well, there was a diplomatic answer, so little did she
realize just how timeless it was going to be fulfilled
Golf which he made those remarks. The thing is that
that bust has been restored to the Oval Office, and
it's Churchill, in his military fatigue when he went to
come to see Roosevelt during the Second World War, and

(27:06):
of course to Lensky, got told off for not getting
exactly so there's an irony there. But Helen Clark said
that she thought it was a very thin excuse for
second phil Goff. But look, I'm sorry, if you're a diplomat,
you can say that. As a politician maybe maybe get
away with it as Chris of consent, But when you're

(27:29):
dealing with somebody like Donald Trump whose ultra sensitive.

Speaker 2 (27:33):
And you've got tariffs coming at you like bullets.

Speaker 4 (27:36):
Precisely, and this is not if Donald Trump takes any
notice of this, which he probably won't, but if he did,
then New Zealand could be in a better position that
might otherwise have been. And that we look Philly strong.

Speaker 2 (27:50):
Absolutely, you kept jokes like that from diplomats who are
representing our government, not themselves, playing fast and loose with
our bread and but I can't do it. You can't
do it. Now. The Crown account is going to say sorry.

Speaker 4 (28:05):
Winston Peters because he said it wasn't an easy decision
for him to make.

Speaker 11 (28:10):
If he had made that comment about Germany, France, Tomra
or Summer, I'd have been forced to act in this
seriously regretabook one of the most difficult things once had
to do in the whole career with phill Golf, and
none of them for a long time I've worked in
government with them. It's just seriously disappointing.

Speaker 4 (28:25):
What has to make See, the thing is that Winston
Peters did get on quite well with so it probably
was hard. I think he should have to go with
Mallard and we all have been happy in Ireland.

Speaker 2 (28:36):
Well not less. Mallard knows when to shut up.

Speaker 4 (28:39):
Well, he hasn't said seen anything since he's been exactly.

Speaker 2 (28:42):
He knows he's onto the good wicked exactly. Keep quite
keep thinking, Guinness. Now the Crown accounts actually quite positive.

Speaker 6 (28:49):
Well, it's it's good.

Speaker 4 (28:50):
Finally we've seen some good news. But then they're based
on treasury predictions that we had last year and we
know how accurate they are, and it allows the politics
to crow about it. But the thing that I really
do like about these accounts is that tax revenue for
the seven months of the fiscal year to the end
of January up by more than seventy billion dollars. And

(29:14):
that's that's high, and it just goes to show that
business is starting to rebound, if you like. It's six
hundred million higher than forecast and GST is also up
quite considerably, so people are out there spending a bit more,
and if these figures can be built on New Zealand,

(29:38):
hopefully will finally have turned the corner with Adrian or
not being about to interfere in things.

Speaker 2 (29:45):
I just had to add to add.

Speaker 4 (29:46):
That in there.

Speaker 2 (29:47):
You had to get that in there. Yep, brilliant. Thank
you very much. Great to see you as always. Barry Soper,
senior political correspondent with us here on news Talk ZEB.
It's just gone nine minutes away from five I mean
Brown on boll cancer screening after five o'clock. Also, we're
going to talk to Morris Williamson. He was a former
consul general in Los Angeles. This is about the Winston

(30:08):
Peters sacking, fell goth saga, that's what you want to
call it. And a little later after five o'clock, there's
new data out. How many times are you packing up
your device, your phone or your kindle or whatever. How
many times do you think you were doing that per hour?
I was quite shocked when I heard this number. I'll
let you know shortly. News Talk said, be.

Speaker 1 (30:30):
Putting the tough questions to the newspeakers, the mic asking breakfast.

Speaker 10 (30:34):
Adrian Nor's departure seemingly coming out of nowhere, former Reserve
Bank senior staff for Jeff mortalote.

Speaker 18 (30:38):
With us as he packed us said he appears to
have with.

Speaker 14 (30:41):
No apparent reason for it.

Speaker 10 (30:43):
Could we read into it that the funding debate between
the government and the board at the moment might have
something to.

Speaker 14 (30:48):
Do that That would be a reasonable interpretation. I think
the understanding I have is there have been tensions between
the Reserve Bank and the Minister over the funding the negotiations,
and that wouldn't surprise me given how much the budget
has increased, just how much they have been spending in
the last seven years under Asi.

Speaker 10 (31:09):
And all back tomorrow at six am the Mike Hosking
Breakfast with the Rain drove the laugh News Talk ZB.

Speaker 2 (31:15):
Five away from five. Great to have you compley this afternoon.
I've been a little dismayed at David Seymour in the
past couple of days. Have you been following this the
school lunch thing? And I actually said the other day
we should ban the word school lunch, free school lunches
because we've talked about it way too much, so I
won't even I shouldn't have I shouldn't have ever mentioned it.
That's my mistake. Anyway, they were supposed to have a

(31:35):
meeting to help sort out the issue, and the meeting
still hasn't happened. And I just get the sense from
watching David Seymour that he thinks he's a little bit
above meeting with Erica Stanford, because he said and in
his stand up he said, oh, no, I've met with
the Prime Minister about this, and you know, I'm sure
many other ministers have interests, but I've met with the

(31:56):
Prime Minister, which to me says, you know what, I'm
dealing with your boss and I'm too important for you,
which I don't think is necessarily the right attitude to have.
Just go on. Four minutes away from five Ryan Bridge.
So coming up after five, we're looking at bowel screening
and the number here that's most important because they've made
a change. They're canceling one program, they are extending another program.

(32:18):
The one they're extending is universal, so everyone can get
the free bow screening cancer screening done and the age
will drop from sixty down to fifty eight. How many
lives do you save by doing that? How much does
it cost you? And how does that compare to the
program that you've cut. How many lives are you going

(32:41):
to save from the program that you've cut all of
those questions for Simeon Brown Plus will take a look
at Phil Goff after news News Talks, they'd be.

Speaker 19 (32:52):
We're never of four, We're never up, we never up.
The finger of blade has turned to yourself more. We

(33:14):
to of myself, my prison, need my help, money.

Speaker 11 (33:24):
Never.

Speaker 1 (33:30):
Questions, answers, facts analysis, the drive show you trust for
the full picture. Brian Bridge on hither duplessy allan drive
with one New Zealand let's get connected News talks at
be Good Evening at.

Speaker 2 (33:44):
A seven after five News Talks b we get to
fill golf sacking in just a second. Right now everyone
can get free bell cancer screening two years earlier. The
age has been progressively loud from sixty down to fifty eight.
But the money is coming from free screening that's set
aside exclusively for Marty and Pacifica. They can be screened
for free from the age of fifty. Simon Brown is

(34:06):
the health minister, Minister, Good Evening, Good Evening. So you've
said you're going to save one hundred and seventy eight
extra lives over twenty five years because of this change.
Is that right?

Speaker 13 (34:16):
That is correct.

Speaker 20 (34:17):
By lowering the age for all New Zealanders down to
the age of fifty eight, that will make a bigger
difference and save more lives than just lowering it to
fifty for Marty and Pacifica communities. And this is the
evidence provided by the Ministry of Health. We've relied on
that and we're making this decision to save more lives.

Speaker 2 (34:34):
Fair enough, So, how many Marty and Pacifica lives that
we're going to be saved won't be Have you figured
that out?

Speaker 21 (34:42):
Well?

Speaker 20 (34:42):
The evidence was that if we lowered it to fifty
for only Marty and Pacifica communities, we would be three
hundred and ninety additional deaths prevented over twenty five years.
This changing means it will save five hundred and sixty
six lives over twenty five years. And this is about
five following the evidence and ensuring that we have a

(35:03):
policy which is based on ensuring that healthcare is based
on need. That's part of our government's policies and that's
what we're doing in this area.

Speaker 2 (35:13):
Is there a Malori and Pacific people more predisposed to
bowel cancer?

Speaker 20 (35:18):
No, The advice is that bow cancer risk is similar
similar across all population groups at the same age, so
that that's the evidence that we're represented by the Ministry
of Health.

Speaker 2 (35:29):
So why was this program in place for Maori and Pacifica.
I mean they're obviously behind when it comes to stats
on death from vow cancer.

Speaker 20 (35:37):
Well, I think the key thing, one of the key
things here is actually it's not just about the age,
but it's also making sure we're encouraging more testing in
those population groups. So part of what we're doing today, yes,
we're allowing it to fifty eight for all New Zealanders
with an intention to go further as cholonoscopy testing allows for.
But we're also going to be doing a lot of
work with Health New Zealand to focus on being increasing

(36:00):
the rates of testing amongst those Marian Pacifica communities. So
we are going to focus resource into increasing the testing
amongst those communities. So it's about taking a balanced approach, Yes,
lowering the age for everyone, but actually focusing on getting
the testing rates up so that they're the same as
European communities for Pacifica and Marerica communities, and it's also

(36:21):
going to make a big difference.

Speaker 2 (36:22):
What about the age generally for everybody that you promised
during the election campaign we get to forty five, were
still at fifty eight. When's that going to happen?

Speaker 20 (36:29):
Well, we said would match Australia. That's what we're going
to do. Is a key part right, they've just reduced
it to forty five from fifty. The key restraint is
the access to cholonoscopies in our health system and so
as we increase the capacity in our hospitals for colonoscopies,
that will allow us to be able to lower the

(36:51):
age progressively when we've committed to doing that at the stage,
this is what we can achieve. As we increase that capacity,
we will go further.

Speaker 2 (36:58):
Do you not have a date war We We don't
have a date at this.

Speaker 20 (37:02):
Stage, but ultimately Health New Zealand, you know, one of
the key things is making sure they can increase the
number of colonosky's across the country. That can be done
and as that happens, we'll looked as thol of this
age as quickly as we can.

Speaker 2 (37:14):
Thanks to your time, minister, really appreciate it. Simmy and
Brown the Health Minister. It is ten after five, So
Phil Goffer is Gonski as High Commissioner to London to
the UK, I should say he made this remark at
Chatham House in London. He asked the Finnish minister who
was in attendance at a panel, if she thought that
Donald Trump really understands history, which is obviously not something

(37:35):
you want to say about a thin skinned man over
in the White House. Now Winston is fired and Morris
Williamson's the former Consul general to Los Angeles. Good evening,
good evening, right call to get rid of him.

Speaker 16 (37:48):
I think there's no choice for the Foreign Minister.

Speaker 22 (37:51):
To do what he did.

Speaker 16 (37:52):
I can tell you I was a diplomat in the
United States when Donald Trump was the president for his
first term. We're given very very clear warnings that we
are there to convey only what the government's policy are
and not what our own personal views may or may
not be. And it wouldn't matter if you were talking
about Japan or China or anything. That's the role of

(38:14):
a diplomat. You're there to represent the government's views. And
I think it was pretty clear that. I think the
Foreign Minister said it's untenable what happened, and I simply
don't know why Phil Goff would have made such a mistake.

Speaker 2 (38:27):
I wondered whether he knew he was being filmed. I mean,
he's been around the traps a long time, surely you
must have known. But he was playing politician, not diplomat,
wasn't he. That's the problem.

Speaker 16 (38:37):
Yeah, and your problem with those things, and I always
I had it quite a lot. I went to a
function in Utah once and I was told it was
all well Chatham House rules because you were a Chathamhouse
And I never accept that, because someone will be filming
it with their hand camera, someone will be recording it
with a tape deck inside their jacket. You literally, when
you're in the public you have to be representing New Zealand.

(38:58):
You have that The government is the You are there
their pleasure and they can either appoint you or remove
you accordingly. And I have to say that I was
appointed under a national government when I went up there
and it switched to a labor New Zealand First government.
It's quite unusual for me to say it, but I

(39:18):
think Winston Peters is just an outstanding foreign minister and
really well regarded around the world. Everybody I talked to
from the foreign sort of embassies of other countries were
actually quite envious that we had a guy who knew
foreign affairs as well as Winston Peters does.

Speaker 2 (39:33):
He's had a long time to learn about it too, Morris,
thank you for that. Marics Williamson, former Consul General in
Los Angeles. It is twelve after five, Ryan Bridge, Interesting,
isn't it. So we've had Phil Goff gone although fired,
We've had Adrian all resigning and Greg Furan is a
big one today. Of course here's in New Zealand chief
executive and talk to Irene King about him. Why has
he gone now? I mean he's had a hard time.

(39:54):
He came in. Remember it was a month before the
borders close that he came in. The airline basic has
treaded water since then. They've had the issues with the
Rolls Royce engines. It's been a hard time to be
the boss. Just want to bring your attention to this
very quickly because it's over in South Carolina in the
United States. The court there has cleared their way for
the first execution to take place by firing squad in

(40:18):
more than fifteen years. The guy's name is Brad Siegmund.
He has chosen this because he's worried about because they
can either go by. You have three options basically an
electric here, a lethal injection, or a firing squad in
South Carolina. This is really, this is the reality here,
and he didn't like his chances with the other two,

(40:39):
so he's gone by firing squad. This is due to
take place Saturday our time. His crime was beating his
ex girlfriend's parents to death. He does have one, so
by Saturday morning our time, he will be dead. And
this is fine in South Carolina. He does have one
last shot at surviving. Asked the governor there for clemency,

(41:02):
and they have to decide I think two hours before
the firing starts to take place. So the two hours
before that he will find out whether he's been granted clemency.
The kicker is that no governor, and this is a
Republican governor, no governor has in this state has granted
clemency in forty nine years. Fourteen, after five news talks,
there be how much time are you spending on your

(41:23):
cell phone? I'll tell you next news talks. Heb it's
seventeen minutes after five. New research out from Amazon says
that kiwis check their phones. You pick up your phone
all day long I know you do pick up their
phones and check notifications up to fifty times per hour.
More than a quarter of us are receiving notifications right
up until the time we go to sleep, and it's
also been revealed that apparently nine to forty five PM

(41:46):
is the ideal time to switch off. Doctor Mark Williams
is a neuroscience professor. He's with me this evening. Good evening,
Hi Ryan, nice too, good to have you on. Can
you be honest hat do you know how many times
an hour you pick up your phone?

Speaker 22 (42:00):
I actually have allline notifications turned off so I'm not
getting beat and buzzed all the time. And then I
have in my calendar times to actually check my phone
to see if I've had anything important I've got to
deal with.

Speaker 2 (42:12):
And in between that you don't have the urge.

Speaker 22 (42:16):
No, No, not at all.

Speaker 2 (42:18):
Interesting because I think I think a lot of people.
Would you know with it? Because is it if you
have your no notifications buzzing you, then you're less likely
to pick it up.

Speaker 22 (42:28):
Yeah, So the notifications are what they're using to actually
get us to pick up the phone. So the notifications
they have a noise or if you turn down the noise,
and they buzz, they actually move on you, and those
are two are the best ways to actually capture our
at tension. And we've got to remember that our brain
is exactly the same brain as we had twenty five

(42:48):
thousand years ago, right, and that is just looking for
things that might be dangerous in their our environment. And
so things that move or sort of things that make
sound could be dangerous, and so we're always looking out
for that, and that's basically why the phone attracts our
attention and captures us. And so by getting rid of those,
we don't have that drive to constantly pick it up
and have a look to make sure it's nothing we

(43:09):
need to worry about.

Speaker 2 (43:09):
If we continue down this path and we're doing it
up to fifty times an hour, what happens to our brain?

Speaker 22 (43:16):
Yeah, So a brain is basically just like any other muscle,
but it's got lots and lots of muscles in it.
And the muscles that we work all the time become
really strong and they're the dominant ones that we're going
to be constantly active, and the muscles that we don't
work are going to atrophy and slowly die off and
we won't have access to those anymore. And so if
you're constantly darting from one thing to another or constantly

(43:39):
responding to your phone, then that's something that you're going
to be constantly doing more and more and more. And
that's why a lot of people now have a thing
called bantom buzz syndrome where they'll get a buzz on
their leg or a buzz on their wrist if they
have the smart watch on, even when they're not actually
getting notifications, because their brain's so wide to be constantly
getting these notifications, that's what they're looking for all the time,

(44:00):
and they get these phantom buzzers and they have trouble
going to sleep and do with those things because of
those fandom buzzers. So they're actually physically addicted to it.

Speaker 2 (44:07):
That's grim. And yet meanwhile, the longer term, you know
what you might call the deeper thinking part of our brain,
if we're not using that as much, then that just dies.

Speaker 22 (44:19):
Yeah, we know we're getting dumber, right so the first
time in our evolutionary history, we're getting dumber at the moment,
and that's happened over about the last ten years. And
we know that from the Flind effect, the Fline effect,
is this idea that we were actually getting smarter because
people are getting more educated and we're learning how to
read and do all these sorts of things. So over
the last one hundred and fifty years or so, we've

(44:40):
been getting smarter every five or ten years. Over the
last ten years, we've actually got dumber. And the only
thing that's happened in that time, of course, is these
devices that we now have in our popits that are
constantly distracting us. So that's a huge problem. But also
we know that it's the younger you've given a device,
or the more time you spend on the device, the
more likely you are to have ADHD as well. And ADHD,

(45:00):
of course is a disorder of attention, and these things
are attracted constantly interrupting how attentional mechanisms are not allowing
us to develop those areas properly, so we're not able
to sustain our attention and actually do good work, actually
think about things, and to read books and do these
sorts of things. And of course, on the other hand,
reading's gone dropped off dramatically, and most people used to

(45:23):
read ten to fifteen books every year. Your average person,
the average person today is reading likes and one book
which is really really sad as well.

Speaker 2 (45:31):
Of course fascinating and disturbing. Dr Mark Williams really appreciate
your time, neuroscience professor. That is pretty devastating evaluation of
the human race, isn't it. We are, for the first
time in human history, collectively getting thicker. And do you
know what's more funny about this? You might even be
listening to this radio station on a phone that you've
been checking as we've been talking. I've just done it

(45:53):
right then after the interview finished, I just looked at
my phone. I don't even know why, just to see
what the time was. But I'm getting done.

Speaker 15 (46:00):
You come in there and take that off your own.

Speaker 2 (46:01):
You're supposed to be hosting a radio show at the honestly,
take it away. The thing is this is we've had
this morning before. It's like obesity. People say, we're getting
fatter for the first time in history, we're getting dumber
for the first time in history. And what do we
do pick up our phones and go to McDonald's.

Speaker 15 (46:16):
How I guess the answer is how dumb You can
use the phone to, like auder McDonald's deliver to you
and then it'll buzz to let you know when the
McDonald's is a arrive.

Speaker 2 (46:24):
The only question left really is how dumb and how
big are we going to get? Twenty two after five?

Speaker 1 (46:30):
Moving the big stories of the day forward, it's Ryan
Bridge on hither do for see Ellen drive with one
New Zealand let's get connected news talks.

Speaker 2 (46:40):
That'd be five twenty five. So have you heard the
news that Adrian Or is heading to air New Zealand? Done?
Just kidding, don't before you freak out, don't worry, I'm
just kidding. Can you imagine it, though? Can you imagine
Adrian Or running in New Zealand he does something annoying
or extreme like he did with the rbn Z hit,
either flood the market with seats, bring the prices down

(47:03):
but bankrupt the airline. Or he'd hike the fears so
quickly nobody could afford to fly anymore and would all
be back on the intercity buses, you know, the furthest
you can get for the weekend would be Hamilton. In
all seriousness, though, if you think about this for a minute,
we've had a lot of resignations over the last couple
of days. Let's think from about four and about Asia

(47:24):
and Or. They both have high profile jobs. They are
both hugely important to our country and to our economy.
The Reserve Bank governor is obviously more important because it
affects more people, and when it goes south, it cuts
all of us and can cut us quite deeply. As
we have discovered with airlines, planes break down, flights get canceled,

(47:46):
the air fares go up, COVID comes along, borders get
closed overnight. That is a bloody hard job too, So
they're both hard jobs done by two reasonably smart chief executives.
The difference between them as public leaders, though, is stark.
Foreign has always fronted no matter how bad the news,
the delays, the cancelations, the cock ups, he would be

(48:09):
there bright nearly in the morning for a television interview.
He knew the issues, he answered reasonably well most of
the time, and he was always pretty even tempered. Adrian
Or initially did interviews quite freely. When the going got tough,
though he cut back on the number and the frequency,
often combative. In these interviews, some have did say smami,

(48:30):
some did say arrogant, rub people the wrong way. So
neither of these men had easy jobs, and neither will
be loved but I suppose there's a way to not
be hated, and I don't think Foreign will be. Brian
Bradley Hews Talk said, be twenty seven minutes after five
nine two nine two is the number de text we'd

(48:50):
love to hear from you. Coming up after the news,
we're going to talk about well, Greg Furan, Irene Kings,
the aviation commentator knows all things aviation, obviously, hence the title.
She is with us after five point thirty for her
reaction to Foreign saying goodbye to Aaron.

Speaker 1 (49:07):
Z, recapping the day's big news and making tomorrow's headlines.

(49:40):
It's Ryan Bridge on hither do for see Allen drive
with one New Zealand let's get connected News Talks.

Speaker 22 (49:47):
It'd be.

Speaker 23 (49:50):
Just have a little woman.

Speaker 11 (49:51):
I love how much I was turning up and you're
right let your side.

Speaker 12 (49:56):
Who'll keep turning up?

Speaker 2 (49:58):
And I twenty five minutes away from sex here on
news Talks, edb great to have your company Tonight after sex,
we're going to talk about these scientists. The lab scientists
that have gone on strike are going on strike, I
should say so. Over eight hundred and fifty lab scientists
and technicians across the country are going to go on
a rolling strike over the next seven days. This is

(50:18):
going to affect one hundred and twenty three thousand patient tests.
I've got some blood tests that I need to do
that my doctor has given me. I've had it sitting
on my kitchen table for a couple of nearly two weeks,
because you have it's one of those ones where you
have to have an empty stomach in the morning and
I keep waking up and eating. So haven't quite got
there yet, but it sounds like maybe I should get
in before they do with the strikes anyway. That is

(50:41):
after sex here on news Talks VB cry and Bridge.
She's gone twenty four away from six o'clock now. In
New Zealand, boss Greg Fouran is out. He's resigning. He
joined the airline February twenty twenty and he'll be leaving
in October. In New Zealand, the chair in New Zealand's
chair believes the airline is set up well to continue
it's positive trajectory and agrees the time is right. Iren

(51:02):
King is a former Aviation New Zealand CEO. Good Evening, Irene.

Speaker 24 (51:07):
Good Evening, How are you very good in India?

Speaker 13 (51:11):
At the moment.

Speaker 2 (51:12):
Oh, quite fitting to have your traveling Now, how do
you think, why do you think he's going now?

Speaker 24 (51:18):
Well, I'd say that, you know, i'd be pretty tired
after all all of the events that he's been through.
And you know, I think it's time for a change
in trajectory, change in direction. I think, you know, a
New Zealand's really got to focus on its core New
Zealand market and I think some of that's been lost,

(51:41):
lost siege has gone off.

Speaker 2 (51:43):
One of the big problems is the Rolls Royce engines
and there's nothing I mean, whoever the new chiev executive is.
They can't fix that overnight precisely.

Speaker 24 (51:52):
And so that's why I say the focus has got
to be on, you know, restoring confidence, consumer confident. It's
in in New Zealand and in their home market. Now,
if they don't control that market, then you know, it
makes life really challenging, even more challenging than what they've
got at the present time.

Speaker 2 (52:11):
Because we get a lot of feedback here whenever we
talk about in New Zealand, it's the delayed flights, or
it's the canceled flights, or it's the state of the
corery lounge Is that just me or do you get
the sense that there's been a bit of a reputation
hit here for their line.

Speaker 24 (52:26):
Look, I think that they really need to refocus on
domestic New Zealand. You know that regional route network restructure
has not gone down well prices. You know, they are
off off the planet and they've got to somehow get

(52:47):
that focus back and recapture our hearts and minds. It's
not that New Zealanders don't support in New Zealand, they
just don't want to pay the money that.

Speaker 25 (53:00):
Requires.

Speaker 24 (53:01):
So that means you've got to be very strongly focused
on your costs and delivering value for the customer.

Speaker 2 (53:07):
Irene, thanks for that, Irene King, former aviation in zed CEO.
Time has just gone twenty one away from Sex the Huddle.

Speaker 1 (53:14):
With New Zealand Southeby's International Realty.

Speaker 2 (53:16):
Find your one of a kind rich pickings for the
Huddle today. David Farris with us KIWI blog Polster Hi
David and Stuart Nash, former Labor Party ministers here too.

Speaker 7 (53:26):
Hey Stuart, how are you mate?

Speaker 2 (53:29):
Well, I'm well, thank you. Good to have you guys on.
Let's start with Winston sacking Phil Stuart had to happen.

Speaker 7 (53:35):
Right, Well, it kind of did, right.

Speaker 10 (53:37):
I mean, your Phil Goff's a former minister foreign few
he gets this game. But you know the world has changed.

Speaker 7 (53:43):
You know, you've got it.

Speaker 10 (53:43):
You've got Zalinski going in the White House and getting
getting a new asshole rip.

Speaker 7 (53:48):
The world has changed. You've just got to be very,
very careful what you say these days.

Speaker 10 (53:52):
Phil would have known that Winston is one of the
best foreign ministers I think we've ever had, and highly
respected globally.

Speaker 7 (53:58):
I don't think he had a choice.

Speaker 2 (53:59):
Yeah, it's the stakes are too high, David.

Speaker 12 (54:03):
Look, I mean Trump could read this and stick a
three five percent Terri for New Zealand.

Speaker 2 (54:10):
Off.

Speaker 7 (54:10):
I mean, this is how foreign policy is now bad.

Speaker 12 (54:13):
The trouble with Phil go Off, how I feel about
sorry for is he's a former politician and he was
asking as a politician, not as a diplomat. A professional
diplomat would never have asked a question like that.

Speaker 10 (54:26):
He did actually say that he was identified himself as
High Commissioner, so you know he I think he might
have known what he was doing. But Phil's passionate about life,
you know, especially about everything, and I just think working
himself David.

Speaker 2 (54:41):
To your point, should we be appointing former politicians to
be diplomats.

Speaker 12 (54:46):
Only in very rare cases certain times. The one exception
is probably Washington, d C. Because there are former politicians
of real status outside there.

Speaker 21 (54:59):
I think your best to generally stick with the professionals.

Speaker 2 (55:03):
Yeah, yeah, we could have done with one today, I think,
and I guess everyone now is on notice. Every diplomata
around the world just be very careful what you say
about Donald Trump because the bar is very low for
being h fired. Stuart Beow screening. The age has been
lowered for everyone from sixty to fifty eight, but it

(55:25):
means that the funding has come from a targeted program
that was meant that those over fifty who were Maloria
Pacifica could get it. Now the net effect means that
we say, one hundred and seventy eight extra lives. So
is that not a better use of funding?

Speaker 10 (55:40):
Like I read this with a little bit of skiptis
the reason I say that is we know that Marian
Pacifica end up with beal cancer's far more prevalently than
the rest of New Jerald.

Speaker 7 (55:54):
There are times, and there are.

Speaker 10 (55:55):
Places where you've got to have targeted intervenions, and I
think this is one of those times I think this
is your politics, and I don't think it's particularly good.
I don't think it's particularly smart, and I think it'll
disadvantage our poor communities, of which Marian Pacifica are overrepresented
in these stats.

Speaker 26 (56:10):
David I does agree here Marian Pacifica are over represented,
but not because there's some genetic shape which makes them
sospietical bow cancer.

Speaker 9 (56:21):
It's because there's other factors at work there, and the
current age of sixty people can actually get screening before
sixty if there's clinical reasons. I'm actually having one in
a few weeks because there's clinical reasons. So you only
use things like race as a proxy if you have

(56:41):
no individual data, and we do have individual at the
end of the day, I think if a fifty seven
year old non Mari Pacifica gets bow cancer.

Speaker 21 (56:52):
And finds out he could have been prevented, but he
was the wrong race, because you don't screen Europeans at
fifty seven agents and to others, you should only use
race as a proxy when there's no other data available.

Speaker 2 (57:08):
Yeah, I tend to agree, because the other thing is
if there's because Stuart, if there was a predisposition. If
you're a Malia Pacifica, you're predisposed to contracting bow cancer,
then yes, but but then you would be on the
list where you would be able to get it specially
done right, So look, yeah, the blanket thing maybe is right.

Speaker 10 (57:29):
Using race purely as a proxy is not a good
way to make policy. I completely buy into that. And
there are mitigating factors, you know, diet, exercise, all those
things that we know about. But I just think we
need to deal with the reality of the situation we
find themselves in, and that is Maria Pacifica over represented
in those who end up with with bell cancer over

(57:50):
over other New Zealands. There is a there is a
the data does provide a case for screening targeted populations
earlier than the general population. And I think this is
one of those cases where we actually where the data
does actually back up marian Pacifica at fifty.

Speaker 7 (58:06):
And the rest of us.

Speaker 2 (58:08):
But you must accept then, don't you have to accept
that there will be an Indian man or a Chinese
woman who will die because they couldn't get the funding
because you packed one race over another.

Speaker 7 (58:24):
Well, it's a very very tricky argument.

Speaker 10 (58:27):
So what we're saying now is if you are married
in Pacifica and you are under the age of fifty eight,
you will not get the funding for this.

Speaker 7 (58:34):
Now there will evinably be.

Speaker 10 (58:36):
Marrying Pacifica men who will die or women who will
die because they didn't screen before the age of fifty eight.

Speaker 7 (58:43):
Look, this is a really really triquent.

Speaker 10 (58:45):
What I would have done is actually I would have
dropped the screening down to fifty for everyone in Australia.
I think it's forty five. We know that screening works.
I mean you talk about a blood test on your
kitchen table. I had one done for this exact same
thing a couple of weeks ago. The test came back
within about eight hours. But it does work, and I
think encouraging people to get these sorts of tests is

(59:06):
really important. Taking up to fifty eight for Marria Paizika,
I just think you'll see more mare in Pacifica die
that didn't.

Speaker 2 (59:12):
David, do you have any final thoughts on.

Speaker 12 (59:13):
This Earlier is the hit of courses with everything there
is a funding one, but I think at the end
of the day, you can get h screen before sixty
or fifty eight based on clinical factors and that's how
it should.

Speaker 2 (59:29):
Be, all right. David Farrett and Stuart Nash are on
the huddle. We're back in a second, plenty more to discuss.
We've got a comment from Phil twyfe at about Destiny
Church another one and also Greg Forham. Where's he going?
What's he doing? Did you know? By the way, just
a fun fact before we go to the break, what
was his salary at Walmart before he went to their
New Zealand versus what is his salary now he's gone?

(59:50):
He went down, took a haircut from nineteen million down
to one point eight. Ryan Bridge News talks there b
you're on the huddle with David Farrer and Stuart Nash.
Welcomb back, guys, So Greg Fouran is out. Skis from
in New Zealand. We've had a lot, it feels like
there's been a lot this week. We've had Phil Goff
being fired, Greg Furan is out, Adrian ra is out.

(01:00:11):
I don't really know what to say. Who do we
Who did the best job? David?

Speaker 13 (01:00:17):
Oh?

Speaker 7 (01:00:17):
Greg?

Speaker 12 (01:00:19):
I think it's easier than In fact, they've heard the
joke that he's going to become Reserved Bank Governor.

Speaker 7 (01:00:25):
Adrien all High commissioner.

Speaker 2 (01:00:26):
I loved what do you reckons to it?

Speaker 10 (01:00:33):
I'm a big fan of big friend. I think he's
done a fantastic job. You know, this is not a
man who needed the money. He turned up.

Speaker 7 (01:00:38):
The week he turned up, we closed down the country
and he's stuck around.

Speaker 10 (01:00:43):
He doesn't need the money. A salary, will Mut actually
wasn't nineteen million. The salary was about one million, but
all his bonuses and options yeah, sorry.

Speaker 3 (01:00:50):
No, no.

Speaker 10 (01:00:51):
But what I mean is he gets that for being successful.
He is one of these kiwis that has really excelled
on the world stage. I think we were very, very
lucky to have him. I disagreed with the av agent
expert that you had before the huddle. I think Grigg's
done a good job. There are many things outside of
his control. That means he's been tearing his tear out.
I mean roles for It's engines we bluddy hell.

Speaker 2 (01:01:12):
I know you wouldn't have thought, I mean you're not.
They don't look like or sound like cheap ones, No,
they don't.

Speaker 7 (01:01:18):
And chira clubs. I mean I fly more than most.

Speaker 10 (01:01:20):
I mean I've been flying up and down this country
every week for about fifteen sixteen years. Chira clubs are
in great condition. The service I get is absolutely fantastic.
It's expensive, but if you book ahead you can actually
get some really good fears. I think Greg's done a
good job and I wish him the best.

Speaker 2 (01:01:36):
David with it when it comes to Adrian or do
you think that his he will work in New Zealand
or do you think you'll go overseas?

Speaker 27 (01:01:47):
I think he would find it difficult to work in
you them, partly because after you've been reserved bank governor
there's not a lot of roles left, but also his
men that did leave quite a few ruises on people,
so I don't think to be as many opportunities as otherwise.

Speaker 12 (01:02:06):
He could well end up though, just being a professional director,
maybe gain on some.

Speaker 21 (01:02:11):
You know, financial boards etcca. He was to be there
from a very very good chief at SECA, New Zealand.

Speaker 2 (01:02:17):
Super fun, Yes he was. He was this public facing
role perhaps not so suited.

Speaker 10 (01:02:23):
Yeah, well, David, maybe you should be the High Commissions
to London because I think that was the most diplomatic
answer I have heard about aident's performance all day.

Speaker 7 (01:02:31):
I think he would, you know, he is a very
very smart man, but I do not think that this
role suited his temperament or his personality.

Speaker 2 (01:02:38):
And yeah, somebody somebody said, maybe there's a job going
at Otaga University with.

Speaker 7 (01:02:46):
I don't think Grant would want him anywhere there, anywhere
in the South Island.

Speaker 2 (01:02:52):
Very good, all right? Just before we go, Actually, Phil
Tryphon's come out and said about Destiny Church, the Man
Up program, He's worried about the fact that the courts
are still sending people to this program. David. It has
been shown to have some success, but there's obviously the
whole problem with the protesting and people's opinions of Destiny Church.
What do you reckon?

Speaker 12 (01:03:11):
I'm sorry, the hypocrisy Phil's government, which Suett may have been.
And also people to get rehabilitated by.

Speaker 28 (01:03:19):
The Mongrel bob.

Speaker 7 (01:03:25):
Drug addicts off to the bug.

Speaker 2 (01:03:29):
I don't think Stuart was probably a fan of that.

Speaker 7 (01:03:32):
No, no, look, I didn't buy into that program in
any way, shape or form.

Speaker 10 (01:03:35):
But but David, I think sending people with Destiny to
get rehabilitated, there's like sending people of the Mungo mab rehabilitated.
But I'm like, now, with all respect to Brian Tomakitt,
I'm not suggesting don't sue me. I'm not suggesting you
like the Mungo MAB, but I just do not think
this is an organization that the police should be sending
trouble used to.

Speaker 2 (01:03:53):
All right, very I love that the hypocrisy. It's like
today today I heard Tory Farno calling for Nick Leggett
to resign. I thought, what what have we come to?
Podcast weird? Such a weird week. Hopefully we're all still
here by the end of it. That is David farre
Kivy Blog and Polster and Stuart Nash, former Labor Party

(01:04:16):
minister on the Huddle. It is eight to six NEWSTALKSVB,
The Huddle with New Zealand Southeby's International Realty, the ones
with local.

Speaker 1 (01:04:25):
And global reach. It's the Heather Duplessy Allen Drive Full
Show podcast on my Art Radio, powered by News TALKSB.

Speaker 2 (01:04:36):
News Talks HEB five away from six. I haven't even
mentioned this on the show yet, but China says it
is ready for any type of war. It feels like
something two hours in we probably should have mentioned earlier.
But the reason I haven't is because it's just saber
rattling and it's more to do with trade wars than
anything else. This is the quote from China's embassy on

(01:04:56):
x reposting a line from a government statement there was
that she issued on Tuesdays. So what does that mean?
Old news anyway. If war is what the United States wants,
be it a tariff war, a trade war, or any
other type of war, ears are picking up now. We're
ready to fight until the end.

Speaker 22 (01:05:14):
Yeah.

Speaker 2 (01:05:14):
No, I'm not paying too much attention to that. It
is four minutes away from six. What I am paying
attention to with China is the story from the Wall
Street Journal this morning, which I found endlessly fascinating because
you know how people go absolutely pack their pants about
the fact that we're still using coal at Huntley even
though it keeps out you know, Tutsi's warm in winter

(01:05:36):
and protesting and going outside Huntley and crying. Well, perhaps
you should go cry in China. So this is a
story about an EU ambassador to China who's trying to
school them on what they do with coal fired power plants.
But in here is a number. In the last half
of last year, Beijing approved sixty six point seven gigawatts

(01:05:56):
of new coal fired power capacity. What the hell does
that mean? Well, one giga what equals one coal powered plant,
So sixty six extra coal powered plants just in the
last half of last year. That's how much they increase
their capacity pay. So next time you want to go

(01:06:18):
cry about Huntley, I don't know, get a plane to
China and cry there, because you'll have far more impact.
I would have thought. It is three minutes away from
Sexier on News Talk, said be Jamie mackay from the
country here to talk red meat after six. But next
we are doing Dr Debrah Powell on these lab technicians
who are going on stroke, keeping.

Speaker 1 (01:06:54):
Track of where the money is flowing. The Business Hour
with Ryan Bridge and insurance and investments, Grow your wealth,
Protect your future, use talks.

Speaker 2 (01:07:05):
Be good evening. It is seven after six News Talk
ZIBB coming up, Liam dan on the price of oil,
Jamie McKay on the price of beef and lamb. Sam
Dickey on equities and headlines about shareholder mutinies at tvn Z.
Sorry enz and me fo part from me. We'll get
to that at later in the program as well. Medical labs,

(01:07:25):
scientists and technicians are going on strike. They'll be rolling
strikes at AW NUI path lab and med labs. This
is all over the country. For the week beginning March
twenty second, the Union says one hundred and twenty three
thousand fewer patient tests will be done in that week
because of the strikes. The president is Debrah Powell. Good evening, Deborah,
good evening, Ryn.

Speaker 18 (01:07:45):
I'm the National Secretary, by the way, not the president.

Speaker 25 (01:07:47):
Not take that role.

Speaker 2 (01:07:48):
Forgive me and for APEX. I should clarify too. So
what exactly do these technicians and scientists do?

Speaker 18 (01:07:59):
Okay, Well, the public probably know them best from COVID.
They really saved us during that period. They were the
ones who did all of the PCR testing. If you remember,
we all had things being stuck up our noses and
they were the ones who said, yep, let's COVID or
no it's not. But they do way more than that.
They diagnose infections, you know what bugs or bacteria you've

(01:08:20):
got in your system. They diagnosed problems with your red
blood cells, whether you've got leukemia or not, whether you've
got anemia. They diagnosed cancer through histology, so they look
at bits of lumps and things they really don't want
and say, yeah, that's cancer or no.

Speaker 2 (01:08:37):
Never mind important stuff.

Speaker 18 (01:08:39):
Oh yeah, and absolutely.

Speaker 2 (01:08:41):
It's eight hundred and fifty of them, and they're going
on strike. They're rolling strikes. One hundred and twenty three
thousand patient tests will be impacted. Will they be tests
like the ones you described, some pretty important ones where
you'd want to know.

Speaker 18 (01:08:53):
They may well be. If someone needs a test immediately
to keep them alive, putting it bluntly, then they will
be done. So that sort of stuff as cases. But yes,
other tests will be delayed. So you know, your cancer diagnosis,
for histology, it will be delayed. It will be done,
it just won't be done as timely as the guys
normally do so.

Speaker 2 (01:09:12):
TAFATO or employees the same types of workers, laboratory, scientists, technicians.
And there's a thirty percent thirty percent pay gap, Yes
there is.

Speaker 18 (01:09:22):
You want to close the culmination of it, Yeah, we
want to close it. It's a culmination of a number
of things. There's pay equity which went through to the
AURA lab workers that did not go through the private
corporates did not pay a pay equity uplift. And there
is also a slow decline and insufficient cost of living
type adjustments having been made in the private sector. So yeah,

(01:09:45):
now there's a thirty percent gap and we want it corrected.

Speaker 2 (01:09:48):
So who owns ape who owns the forgive me? Who
owns the labs?

Speaker 25 (01:09:53):
Well, there's three different labs.

Speaker 18 (01:09:55):
The biggest one is Ahwanui that's owned by a Canadian
teachers Superannuation fund I think about forty eight percent. There
is an EWE interest in that at about three point
seven percent, and there is also the New Zealand super
Fund which owns it. So some arezoned offshore, some are
owned here in New Zealand. None of them are health providers,

(01:10:17):
of course. They are simply shareholders and they're looking for
a dividend. They're looking for profits to be paid out.
So ah anuis a few years ago, just after COVID
paid out forty four million dollars and profit out to
its shareholders. That money largely came from the public. Perse
that's the private system, isn't it. Here we are today

(01:10:38):
saying hang on a set here, but your workers aren't
being paid enough in their crying poor So we've got
a bit of a problem.

Speaker 2 (01:10:44):
Tod to de pow APEX National Secretary nine two nine
two the number to text thanks for your time. This
evening ten minutes after six, lean down here next on
the price of oil. Good news for you coming, Thank goodness,
there's some good news, good news on filling up your
car with petrol so long. Unless you're one of those
people who switched to an EV then it's not good news.
You don't have to worry about the next bit. But

(01:11:06):
if you haven't, I've got some good news.

Speaker 1 (01:11:08):
It's the Heather dupas Allen Drive Full Show podcast on iHeartRadio,
powered by News TALKSB. Whether it's macro microbe or just
playing economics, it's all on the business hours with Ryan
Bridge and theirs. Insurance and investments, Grow your wealth, Protect
your future, News Talks V.

Speaker 2 (01:11:29):
It is six fourteen. A lot going on with the
ownership of News Talk, said B and The Herald, which
is the parent company ENZ and me. We'll talk about
that a little bit before seven o'clock. Right now, though,
good news on the way for motorists, which, let's face it,
that's most of us, especially if you're listening driving home
right now. Petrol prices are expected to fall in the
coming days as oil slumps and the key dollar stabilizes.

(01:11:50):
Liam Dan's, the Herald's business editor at largely MB good
a good evening, gooday, Ryan, some good news for a
change for us.

Speaker 29 (01:11:57):
Yeah, and I like to write these things in a
way it makes it clear that they really should be falling,
and we should expect to see them fall the next
few days.

Speaker 2 (01:12:05):
So let's hope they do.

Speaker 29 (01:12:07):
It's a combination of Well, the main thing is that
so the oil price has fall into the lowest in
three years, which is quite a big slump in the
past few weeks. Actually you might not know that. Notice
that at the pump as much. You know, so our
dollar has come off a lot in the past say

(01:12:28):
six weeks or eight weeks or so, and that that,
you know, oil has traded in US dollars, so that
affects the input price for New Zealand, and that's part
of the equation. But yeah, with that, you know, Brent
crude slumping below US seventy dollars a barrel, you would,
and then our dollar has actually stabilized and gone up
a little bit in the past few days. It really

(01:12:48):
should equate to some lower prices, I would hope.

Speaker 2 (01:12:52):
Well, I've got my I've sold this to everyone. Yeah, yeah,
well that's right. Well, we are dependent on these.

Speaker 29 (01:13:00):
Petrol companies that you know, they look, they tell us
they pass it on pretty pretty well, and Commerce Commission
probably believes them.

Speaker 2 (01:13:08):
So we've got a couple of things at play, right
you mentioned I've got the exchange rate that's stabilizing, but
then we've also got a boost in production from OPEC
countries and at the same time we've got growth not
being that great.

Speaker 7 (01:13:19):
Yeah.

Speaker 29 (01:13:19):
So so I mean Donald Trump came in promising to
bring down the price of oil. This isn't quite the
reasons that he would have wanted. But one of the
reasons is that when global growth looks like it's going
in the wrong direction, traders tend to sell off oil
because we're just not going to if the economy isn't
as big, there isn't as much action in the economy,

(01:13:41):
you're not going to see as much use of petrol
basically motor you know. And so that's that's happened. And
so the tariff thing is weighing on the global growth story,
and so the investors are looking forward and going, well,
they're not seeing so much oil consumption or fuel consumption.
And then OPEK, who is the organization that's sort of

(01:14:02):
dominated by the saudiast Opek, plus it's got Russia in it.
They have after a couple of years of cutting back
on production. Have This is sourced from Ruters, but that
Reuters says they've got three sources saying that Opek currently
plans to boost production. So that means more supply coming
on less demand. And so the oil price is slumped

(01:14:23):
in the past few days. So some of those reasons
are not fantastic if you're thinking about global growth and
the fact that we want our exports booming and helping
the recovery in New Zealand. But you know, from an
inflationary point of view, this is the thing about economics,
upsides and downsides. From inflationary point of view, that's quite good.
It means that less pressure on domestic inflation and obviously

(01:14:48):
just quite good if you kind of fill up for
the weekend and going somewhere.

Speaker 2 (01:14:51):
Certainly, it's interesting because that monetary policy statement we had
through from the Reserve Bank, the most recent one, and
there they listed as one of the risks exchange rate
to inflation in our exchange rate plus the potential for
you know, all of this stuff to happen overseas and
petrol prices to go up, and we would be doubly
kind of hat.

Speaker 29 (01:15:10):
I guess they've got to look at that risk that
that was. I guess the dollar had been coming off
a lot at that point. It does seem to have stabilized.
The markets have turned a little bit against the US dollar,
and we've seen US bonds coming off a bit because
you know, they're genuinely concerned about what happens to what
Trump is called a bit of disturbance in the economy

(01:15:32):
that are around tariffs, and so that's a sort of
a headwind to US growth. And the US dollar has
come off a bit, especially against the European currency, but
that's benefited the New Zealand currency a bit. Look, Miss Wilburin,
right now, who's to say how long anything is going
to last. It could be the other way around by
the time I'm talking to you.

Speaker 2 (01:15:50):
No nextly, which is what makes it so difficult if
you're a business like the automakers. Thank goodness they've been
given thirty day reprieve. But I was listening to an
exec from an automotive company in the US saying, how
do you plan when you know you're purchasing your stock,
your labor. When are these terwraf is going to be
here for one year, two year, three year, two minutes.

Speaker 29 (01:16:12):
It's a huge amount of uncertainty. I mean, New Zealand's
facing it with agricultural exports.

Speaker 2 (01:16:17):
At the moment.

Speaker 29 (01:16:18):
I think New Zealand's lucky. It's got great free trade
agreements and alternative markets and there could be some you know,
some strange side effects. You know, if the US is
US beef is getting blocked in China, then it's probably
good for New Zealand. You know, it's very hard to
see how it lands. It is a big strange experiment
right now, and you know, let's hope that lands lands

(01:16:42):
fairly well.

Speaker 22 (01:16:43):
One.

Speaker 29 (01:16:43):
You know, New Zealand economy is quite flexible and the
dollar is a sort of a safety valve, the fact
that we have a floating dollar and we can it's
an economy that sort of self corrects around some of
this stuff. So that stuff's positive. If we could just
get a bit of growth going at the ground on
the ground floor of the economy, they'll be all good.

Speaker 2 (01:17:01):
In the meantime, check gas, everybody enjoy Lim Dan, the
New Zealand Heralds Business editor at Lard your News Talks.
Your Bee time is nineteen minutes after six, and next
we're going to Jamie mckaye. Actually he's got an update
on just how good and how great our beef and
Lamb is going overseas the exporters.

Speaker 1 (01:17:20):
That's next, the Rural Report on hither do for see
Allen Drive.

Speaker 2 (01:17:26):
Good evening, twenty two minutes after six. Great to have
your company, and Jamie mckaye is with us, hoster of
the country, Jamie. Good evening, So forgive me Jamie you're there.
Good evening to you. Yeah, you got me now, got
you now? And the red meat sector doing very very well,
back on track for a strong rebound.

Speaker 25 (01:17:47):
Yeah, yeah, a couple of good news stories out in
the last couple of days. We'll start with the red
meat then look at the dairy one. So yeah, look.
Beef and Lamb New Zealand released their mid season update today.
They did it on them on the mid Candary Mount
Summer's Farm of the chair of Beef and Lamb New Zealand,
Kate Ackland, well known Canterbury farming family, and they're saying

(01:18:08):
that export receipts a force forecast should I say, to
increase by one point two billion on last year to
reach ten point two billion. So obviously that's up from
nine billion the year before. And this is despite overall
export volumes dropping, so we're sending away less and getting

(01:18:28):
more for it. Lamb prices a forecast to reach one
hundred and fifty five dollars per head. That's up twenty
percent from last season, nine percent above the five year average. Mutton,
which crashed badly in the past couple of years, expected
to rise to ninety dollars per head. This is the
old news, of course, seventy percent increase on last year.

(01:18:49):
Cattle prices, as we all know, at the moment, at
record levels, and all the all beef rounded out price
of six hundred and eighteen cents per kilogram is also
a record high. That there's a big rider on that one,
obviously with Trump AND's tariffs. Now here's the interesting one.
Your average sheep and beef farmer Ryan will make a
profit of one hundred and six thousand, five hundred dollars

(01:19:13):
per year. And I'm guessing a lot of people are
listening in and thinking that's really good money. Well, it's
double last year's profit of fifty six thousand. But just
remember from that money that one hundred and six thousand,
they've got to pay drawings, tax, capital expenditu are I
replacing the tractor or the ut and principal repayments, so

(01:19:33):
it doesn't actually leave that much and it's still less
than the five year average. Just another one fact that
came out today. Every day sheep and beef farmers spend
fifteen million dollars in goods and services, with eighty to
ninety percent of that money staying in local communities.

Speaker 2 (01:19:49):
No great context act you to put around that for
people to understand, Jamie. Now, the dairy modest growth BETWEENY
twenty five predicted. This is a Rabobank report, is it?

Speaker 7 (01:19:59):
Yeah?

Speaker 25 (01:19:59):
This one out well, it came out today, but we
were on to it yesterday. As a result, Ravo Banks
listed its milk price forecast upwards by thirty cents ten
dollars per kilogram of milk solids. That's where Fonterra and
a number of other banks are sitting. In fact, I
think ASP don't.

Speaker 22 (01:20:15):
Quite this one.

Speaker 8 (01:20:16):
There were.

Speaker 25 (01:20:20):
Global dairy portally some export regions around the world, Australia,
US obviously, Argentina, Uruguay, Brazil, the EU and the US
are expected to expand production by only zero point eight percent,
so not much of an increase on world milk production there. Interestingly,
twenty twenty four, dairy exports reached a three year high,

(01:20:43):
with sales to China following a similar trend. Now, China
has been off the boil in recent years since COVID,
so it's good to see a bit of recovery there.
Milk prices up two dollars on where it was a
year ago. That's fantastic. Interstrates dropping, that's fantastic. The only
rider I would add to that one, and it's the weather.

(01:21:03):
You can't do much about that. A lot of the
North Island in particular is very very dry, so there
is a risk that milk production could finish abruptly in
the western, Middle and north of the North Island.

Speaker 2 (01:21:17):
Jamie, thank you for that update. Jamie mckaye, host of
the Country here on news talksb with a couple of
bits of good news from the rural sector this evening
twenty six minutes after six, somebody says, mind, does that
mean we we're paying more for our meat with these
high sale prices? Well, I mean we do pay Dame
with dairy we pay here. Basically the international price don't

(01:21:39):
mean the trade price. So potentially if there's a shorter
drive the seas and it pumps the price up, then
yep it would. What's the Saint May snee and we
catch a cold? That sort of thing. That was Jamie McKay.
This is News Talk SeeDB. Great to have you with
me this evening. We're talking about a potential takeover of
the board of en zed Me, which owns News Talks

(01:22:02):
dB and The Herald. Next train.

Speaker 26 (01:22:07):
Somebody come dream, Yes may hommy ja.

Speaker 2 (01:22:15):
Hey, Yes, sir, Harmy dream. I'm on a buddy Parmi dre.

Speaker 1 (01:22:26):
Everything from SMS to the big corporates, the Business Hour
with Ryan Bridge and players, insurance and investments, grew your wealth,
protect your future.

Speaker 2 (01:22:36):
News Talks B, You've got him somewhere, are no longer go.

Speaker 19 (01:22:41):
And I want you run away now.

Speaker 30 (01:22:45):
From the lovely thing.

Speaker 23 (01:22:46):
We ha no.

Speaker 2 (01:22:49):
Wing twenty five way from seven. News Talks B. Tell
you what I watched last night was Megan Michael's new
show on Netflix. Oh my gosh. But at the same
time I couldn't look away. Might talk to Anddon Brady
about that. He's our UK correspondent with us before top
of the hour, before seven o'clock. Right now. We have
been telling you for weeks there are a couple of
big risks to the economy. A couple of those roosters

(01:23:12):
are coming home to roost. I think I've said that wrong.

Speaker 16 (01:23:18):
Now.

Speaker 2 (01:23:18):
The risks are policy uncertainty. We've also been talking about
excess retail investor enthusiasm, so many more things. Now, where
are we at and what does all of it mean
for investors? Sam Dicky is with Fisher Fun Sam good
eten to you good evening. Tell me equity markets have
fallen what a handful of a percent in the last

(01:23:39):
couple of weeks. What's going on? What's what are you
putting it down to?

Speaker 31 (01:23:42):
Yeah, you're right, Ryan, So they have been under a
bit of pressure, and it is because several of those
risks you and I have been talking about playing out,
rearing the head coming home to roost, as you said.
So the exceptional policy uncertainty, so not just the will
he won't e tariff noise, but in uncertain year around
how the DOGE or Department of Government efficiency inspired federal

(01:24:04):
government cost cutting could be a drag on the economy.
There's the escalating US versus trying a computer chip bore,
the extraordinary amount of capital that the largest tech companies
in the world are spending right now with uncertain return
on that capital. And finally, there's the animal spirits we've
talked about, or irrational exuberance that had crept into the
market since Trump's election.

Speaker 2 (01:24:27):
They seemed to take all the upside of Trump He's
going to cut taxes, he's going to cut regulation, and
ignore all the potential downside, ie the tariffs. It's almost
like the markets didn't really taken seriously that he would
actually do it.

Speaker 31 (01:24:44):
That's right, I think, you know, memory, muscle memory is powerful.
So people remember last time that when he was elected,
everyone was quite bearish, and he actually did a pretty
good job, and equity markets were up sort of twenty
one percent in the year following his election. However, the
starting point, says you say, we're very different. Last time,
the market was much cheaper, expectations were very low, and

(01:25:05):
he sort of climbed over that pretty low bar. This
time around, expectations were super high, and as you say,
all the upside was priced in without a lot of
the risk, and those risks are kind of manifesting.

Speaker 13 (01:25:16):
Now we're right in the thick of it.

Speaker 7 (01:25:17):
So if you think about some of those risks.

Speaker 31 (01:25:19):
US policy uncertainty as near as high as it's ever
been since we started measuring it sort of fifty years ago.
According to business surveys in the US, US trade policy
is the highest it's ever been. Oh sorry, trade policy
uncertainty is the highest it's been in fifty years. So
set another way, imagine sitting in a boardroom ryan in
the US, Southeast Asia, or even Mexico or candidate and

(01:25:41):
being asked to sign off on a huge capital project
or a three year strategy document with this type of
sort of fifty year high uncertainty, and at the very
least I think it would give you pause. So when
we think about the drag on the economy, is this
actually manifesting? It really is its early days. So if
you think of something like economic surprise, which tracks you know,

(01:26:05):
every piece of key economic data in the US when
it comes out, does it surprise people on the upside
or downside? A couple of months ago, that was surprising
sharply positively. Now that's surprising sharply negatively negatively. So we
might be seeing some of these risks actually start to
manifest in a slow down in growth.

Speaker 2 (01:26:23):
Is this at this point having more of a shock
to those indicators you're describing than COVID.

Speaker 31 (01:26:34):
No, the I think I COVID was a one and
one hundred year event and then you know, fifty percent
of the world's economy came to a grinding halt.

Speaker 2 (01:26:43):
I think this is more mild, much more mild.

Speaker 31 (01:26:45):
It's just that, you know, running into this from US,
say a month or two ago, expectations were very high.
So we had, you know, sentiment gauges, retail sentiment gauges
running red hot. We had a lot of irrational exuberance market.
As you say, all of the good news that Trump
had talked about was pricing une of the risks. So
it's more about the starting point in terms of the

(01:27:07):
actual drag on the economy versus COVID. That that's much
much more mild.

Speaker 2 (01:27:11):
And what does it mean for investors then going forward?
Do you I mean, if you're a business, let's take
because investors are basing their decisions off what they think
the businesses are going to do. Right, So if you're
in business and you're not wanting to throw your money
at this, or throw your money at that, or buy
the new plant, or hire a new person because it's uncertain.
I mean, at some point, if uncertainty is constant, you
get used to it and you invest anyway, don't you.

Speaker 13 (01:27:32):
I think that's right.

Speaker 31 (01:27:33):
I think people will at the very least, this will
be an excuse for people who are going to sign
off on a marginal project to take a wait and
see approach.

Speaker 12 (01:27:42):
However, I do think and by the way, it never does.

Speaker 31 (01:27:44):
Feel good as an investor when these risks are coming
home to roost or plan out, as you said. But
the good news is there is a lot less irrational
exuberance than the market today than there was it a
month ago. So those sentiment engages that were red hot
have gone to more normal. And I guess when you
think about whether you're going to sign that check or
not for that three year capital project, I do think

(01:28:05):
of this uncertainties does start to drag on the economy
too much, and it becomes very evident that to Trump himself,
that he is intentionally hurting the US economy. I do
think that a reasonable base case is that rationality will
prevail and maybe some of these things will be reversed,
and we saw that again last night when he buttoned
off again on these tariffs and the stock market rally

(01:28:26):
very sharply. So for now, the good news is that
a lot of these risks we're talking about are coming
home to roost. They have partially played out, and the
sentiment has gone from red hot over at SKIS to sort.

Speaker 2 (01:28:37):
Of more normal, Sam. Thank you for that really interesting stuff, Sam.
Dicky Fisher funds with us tonight. It has just gone
nineteen away from seven Bryan Bridge, a new billionaire investor
into inn Z, into the media company endzed Me, which
owns Senior Zeeland Herald and this station news Talk. ZEBB
is wanting a clean out of the company's board. Auckland
based Canadian Jim Grennan has toped of the company's board.

(01:29:01):
He wants to remove most of the current directors. Concern
is now growing amongst journalists and staff about a possible
move or a shift in editorial direction. Michael Wood is
the negotiation specialist at E two. He's with me tonight. Hi, Michael, Hi,
what role are you playing here?

Speaker 23 (01:29:21):
Well, as you can imagine, this is a significant interest
to our members. So many of the journalists at NZDME
and as the union who represents them. We're working through
this issue with them, and I think it's fair to
say that the primary primary concern here is to ensure
that journalists are able to continue doing their job with

(01:29:42):
genuine editorial independence, without fear or favor. And the concern
here is that we clearly have an individual who is
highly motivated to take control of a major media entity
in New Zealand, who is doing so quite clearly with
the intent of promulgating a particular political perspective, and there
are real concerns about what that might mean for the

(01:30:04):
editorial independence of journalists are at dyeament.

Speaker 2 (01:30:07):
Obviously, this has a process to go through. I mean,
you can't just overtake a board, right, so there's a
process that that has to go through, and there will
be other investors who will have to decide on this.

Speaker 23 (01:30:19):
That's right. There's clearly a commercial process which is playing
out here. But again, one of the concerns here is
it's pretty cloak and daggers. When this individual originally took
a stake in the company last week, the comments he
may rule about dampening down any suggestion that there was
a bigger play here and then this week, of course,

(01:30:40):
we have learned that there is in fact a bigger play,
which is a move to potentially try and take over
the board and to install other people like minded people,
and some names have been reported on in that respect.
So there's not any openness or transparency here. There has
been no commitment made by mister Greennan to those principles
of editorial independence, which is critical. I remember we're talking

(01:31:04):
about one of the major media organizations in New Zealand.
It has a huge impact on our public discourse in
New Zealand. Held has often been thought of as New
Zealand's paper of record, and we've never had a situation
where a particular individual with a lot of money and
a lot of power and a lot of influence has said, yeah,
I want that, and I want it because I want
to get my views out there. This is new territory

(01:31:26):
for New Zealand and we don't think that would be
healthy for our media environment.

Speaker 2 (01:31:30):
We don't know, of course, any of this yet. This
is speculation.

Speaker 23 (01:31:34):
Well, mister Greennan has purchased a significant stake. He has
gone on record today as saying that he wants to
create a position whereby he installs a majority of board members.
He has made a claim that he has support of
thirty seven percent of shareholders for that plan. As you
said before, there's clearly a corporate process which is playing
out here, but he has now laid out a very

(01:31:56):
clear plan in this area. And the background to that
as well is that Miss Greenham has engaged in the
New Zealand media environment. He has set up a publication
a network previously called The Centrist was a specific goal
about influencing the public discourse in New Zealand. So this
doesn't seem like an individual who is going in simply
because he wants to make a commercial investment, which is

(01:32:18):
what we normally get in the media environment. Mister Greenhand
appears to be an individual who wants to make this
investment and wants to have this influence on the board
to push a particular agenda. And that's what makes us
different and worrying to other changes in court prom media
ownership that we've seen.

Speaker 3 (01:32:33):
Over the years.

Speaker 2 (01:32:34):
Okay, Michael, I really appreciate you coming on the program.
Michael Wood, who's a negotiation specialist at the Air two Union.

Speaker 1 (01:32:40):
If it's to do with money, it matters to you.
The Business Hour with Ryan Bridge and who Mayor's Insurance
and investments, Grow your wealth, Protect your future Newstalks.

Speaker 2 (01:32:52):
V while the Seven News Talks. BN de Brady is
our Europe and UK correspondent and a good evening to you.

Speaker 13 (01:32:58):
Hey, Ryan, good to speak to again.

Speaker 2 (01:33:00):
Really tragic story somebody has died. Is that a child
has died after a car in it up on a
rugby pitch.

Speaker 28 (01:33:08):
Yeah, this is absolutely shocking. Now immediately we're told by
the police it's not terror related. There's very little else
other information, but it's happened in the town of Kendall.
Now Kendall is a regional town. It's in Cumbria. It's
up in the far northwest of England, next up Scotland.
Basically Cumbria is beautiful. It has the lakes up there

(01:33:30):
and a key part at the heart of the community
in Kendall is the Rugby Union Club. Now I'm told
there was under sixteens and just before five pm a
black BMW quite high speed picks were driven onto the pitch.
Now it collided with two boys. We're told that one

(01:33:53):
is dead and one is injured. A four year old
driver has been arrested at the scene. That is as
much whuch as we know, and there is a cordon
up there. The whole Still Be Club put a very
very brief statement saying they're cooperating with the police investigation.
But looking at the pictures, there is no reason for

(01:34:13):
a black BMW to be driving onto a rugby pitch.
So the town is devastated and as I say, a
young child dead. There was training from the fourties and
under sixteen, so that will give you an idea of
the age group.

Speaker 2 (01:34:25):
Possibly terrible. Now let's talk about this lunch package meal
you can get from a UK supermarket. So they've got
a lunch meal deal including a zero beer. What's wrong
with that?

Speaker 28 (01:34:37):
Yes, well the big question is acceptable to be drinking
beers at work, regardless of whether it's zero or a
real one. So one of the major retailers has come
out this week changing the rules around its lunchtime meal
deal offering.

Speaker 13 (01:34:54):
So you get these meal deals.

Speaker 28 (01:34:55):
I'm sure it's the same in New Zealand sandwich bagg
of crisps and a soft drink for you know, six
pounds twelve dollars roughly. And they've come out this week
Sainsbury's and said that amongst all the drinks on offer,
they'll now offer you the choice of a couple of
non alcoholic lagers to choose from.

Speaker 7 (01:35:14):
Now.

Speaker 13 (01:35:14):
Debrettes is the execute guy this week, saying that it
just looks desperate that if you see a colleague in
the office drinking a non alcoholic beer half past twelve,
do not they want a real one. And it's sparked
quite a conversation here I have to say in all honeste, all.

Speaker 2 (01:35:33):
Right, we'll live at the Thank you very much for
the Indo Bradio Europe and UK correspondent. Time has just
gone nine minutes away from seven. Apologies about netline there.
I've got the statement from insid ME. This is to
the Indian ets today. Also I've got a statement from
Grennan himself, well thrown intermediary about what exactly he is
trying to do. We'll get to those before the end

(01:35:55):
of the program at seven.

Speaker 1 (01:35:57):
It's the hither due to see Alan Drive full show
US on iHeartRadio powered by Newstalk ZB.

Speaker 2 (01:36:04):
News Talks VB. It is coming up to seven o'clock,
just gone four minutes too. So this is a statement
from enz ME today to the Stock Exchange because obviously
it's a listed company, owns the Herald and owns newstalk ZB.
They say that Jim Grennan this is the Canadian billionaire
who now lives in Auckland in his own right and
through his entity JTG four Limited or JTG, which contains

(01:36:26):
a proposal to remove all of the current board directors
of nz ME and nominations for the appointment of four
new directors to the NZME board to be voted on
at the upcoming annual shareholders meetings. So that is yet
to take place now. He and his letter. By the way,
he's the one that brought in just over nine percent
of the company last week, so he says he holds

(01:36:49):
approximately thirty seven Percent's got confidence from thirty seven percent
of shareholders. So you add to that his roughly ten percent,
that's forty seven. So he needs to get over fifty
in order.

Speaker 26 (01:36:59):
To do this.

Speaker 2 (01:37:00):
That's the kind of state of play. But there's a
shareholders meeting that will go ahead and they'll work all
that out. I'm sure five away from seven and it's
what are we going out to tonight?

Speaker 15 (01:37:08):
Clocks by cole Player players out tonight, Ryan So, Chris
Martin and Phil Harvey of Coleplay have confirmed that they
have been working with FIFA to plan the first ever
halftime show for the FIFA World Cup Final, which will
be at the World Cup next year, the finals on
July nineteenth at the MetLife Stadium in New Jersey. So
we don't know where the Coldplay will actually be playing

(01:37:29):
in this halftime show, but they are working to apparently
decide who is going to be playing. And surely they'll
I mean, surely you rate yourself, wouldn't you be like, well,
I mean I've got a band like I can, I'm available,
you know.

Speaker 2 (01:37:40):
Well, so they're not like what are they consultants now,
not musicians? Surely they would be the ones performing.

Speaker 15 (01:37:46):
Well. Yeah, again, we'll see. But does the FIFA World
Cup Final really need a halftime show? That's that's the
that's the real question.

Speaker 2 (01:37:53):
Isn't it true they'll have to extend the half time,
which will well, man.

Speaker 15 (01:37:57):
Yeah, I mean football is usually pretty good about that.
Maybe it'll be a really quick.

Speaker 2 (01:38:00):
One yeah, quick one cold half of Coldplay. Thank you answer,
Thank you everybody for all of your texts and your feedback.
Very much enjoyed it and very much enjoyed today. We'll
see you and do it all again tomorrow.

Speaker 30 (01:39:05):
Where Are Wants? Where are Want? Where are Wants It?

(01:39:27):
Where Are Wants?

Speaker 1 (01:39:46):
For more from Hither duplessy Alan Drive. Listen live to
news talks It'd be from four pm weekdays, or follow
the podcast on iHeartRadio

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