Full Show Podcast: 07 April 2025

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:02):
Digging through the spin spence 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 seven after four. Welcome to your Monday,
Judith Collins on this new defense plan she's launched this afternoon.
We'll have all the details for you. We're also going
to talk to shares this Do you really need to
be freaking out about your portfolio right now? A few
words of wisdom from me after five on that too,
not that you need them. Also, we're going to talk
about the twenty eight thousand households in New Zealand who

(00:36):
are yet to take down their fire hazard bathroom. Peters
if I've seen a photo of these today and they
look very common to me. I've seen one in a
friend's bathroom. So anyway, we'll talk about that after five o'clock.
Tritiusen and Josie Pegani are on the huddle.

Speaker 3 (00:49):
Today, Ryan Bridge, Well.

Speaker 2 (00:52):
They had no choice, really did they. But the Defense
Plan confirms this afternoon that the government wants to spend
two percent of GDP defending the country. We like to
think of ourselves as quite a safe little haven at
the bottom of the world. And in a lot of
ways we are. We don't have the migrant crises facing
the border countries right now. In a lot of ways
we're not. We're isolated. We're a long way from harm,

(01:14):
but we're also a long way to send help too.
We're surrounded by the ocean. Yet we only have nine
navy ships. Remember we just sunk one, and Judith Collins
told me on Friday a third of the rest of
them can't operate because we don't have enough sailors to
crewe them. We barely have an air force. Helen Clark
sold our air hawks. Plus the Chinese are coming at

(01:37):
some point, maybe not here exactly, but then something happens
with China in the future. It's likely to be in
the Pacific Taiwan anyone. We had a former defense official
from Australia on the show a couple of weeks back.
He said, there, of course got blueprints to do this
to Taiwan. It could happen within years, not decades. Who

(01:57):
really knows. We've got war in Europe for the first
time since World War Two. Who would have thought that
Putin was going to annex Ukraine until a few days
before it happened. We've already seen the PLA Navy active
off the coast of Australia. Jetstar has been dodging live
firing exercises. The ships were sent to send a message,
and it looks like the message has been received loud

(02:20):
and clear. Two percent of GDP is the number that
Washington's been talking about. You can bet it's the same
number that Rubio mentioned to Winston during their bilateral chat
the other week. And it's the number that Labor must
surely now commit to in a bi partnersan show of support.
It'll take a while, of course, the books are buggered,

(02:40):
So two percent by twenty thirty two is the aim.
Should be enough to keep friends and allies off our
case and make it appear as though we are doing
our bit. We're getting better strike capabilities, javelin anti tank missiles,
and new maritime helicopters. None of this is to say
we'll be able to defend ourselves. Would somebody want to

(03:02):
come here and own us. None of it is to
say we'll be able to change the outcome of a war.
But it is to say that we're serious about defense.
We need friends to keep our regions safe and sometimes
friends like to know that you've got skin in the
game too. Ten after four news talks, there'd be nine

(03:23):
to nine. Two is the number to text mental health.
The Mental Health Foundation wants the cops to keep going
to mental health callouts for a little bit longer. At
the moment, police are changing their policies in conjunction with
health officials. The plan is only half working though police
aren't responding to as many callouts, but no other service

(03:45):
has yet been set up to replace them, so there's
a gap. According to the Mental Health Foundation, at least
Matt Doosey is the Mental Health Minister with me now, Minister,
good afternoon, afternoon, Ryan, is there a gap.

Speaker 4 (03:58):
At the moment. We've got two things on away and
quite often they're getting conflated. We've got to shift from
a police led Triple one response to a multi agency response.
What that means is that in your time of mental
health crisis, when you call Triple one, quite often you're
getting a criminal justice response, not a mental health response.

(04:20):
And so the government's committed to rolling out more mental
health coresponse teams. That's a four to five year program
based on what we saw in the United Kingdom with
the humber Side model, So we're going to be building
out those response teams over time. What we also have
is the Police Mental Health Change Program. These are about

(04:40):
changes in the emergency department. The first change November last
year was about streamlining voluntary handovers.

Speaker 2 (04:49):
Machine come up and then I hate to interrupt you.
I hate to interrupt you, but the question was quite simple.
Is there a gap between the things that you're describing.
Is there a gap between what the health officials are
hoping to respond to and what the police have stopped
responding to.

Speaker 4 (05:06):
Well, that's why I'm saying Ryan. Quite often those two
work programs get conflated. With the Police Change program, that
is about the handing over in emergency departments. That's about
standard operating procedures that have been worked on. Now the
response I get when I go into emergency departments, they're
telling me that the relationship is good. They actually welcome

(05:28):
the joined up working, clear roles and responsibility.

Speaker 2 (05:31):
So police, I know you want to assure people, but
you're at the moment you're not making sense. So let's
just back the train up for a second. So is
there any work that police are not going to be
doing that they used to.

Speaker 4 (05:45):
No, well, quite often now when people call Triple one
for a mental health crisis, sometimes they sadly don't get
a response. Sometimes they get a police lead response, and
we've been piloting mental health co response to In years
to come, we would like to see mental health teams
go out in that time of urgency, so that will

(06:07):
be built.

Speaker 2 (06:08):
Out over it. But in the meantime, nothing's changed. Police
are still doing exactly as they always have.

Speaker 4 (06:14):
Yeah, so police have been very clear if there's a
risk to the individual or people around them, they will
be going out. So nothing has changed. But what is
also happening at the same time and quite often is.

Speaker 2 (06:26):
That only if there's a risk. Has that changed? Was
it only if there's a risk to their life?

Speaker 4 (06:32):
Now police are still going out sadly in New Zealand,
sometimes people call Triple one and don't get a response.
So that's why we're building out that long term program
where it gets conflated, and this is my point RNE
is there is the Police Mental Health Change Program that
is about streamlining handovers and emergency departments. Started off in

(06:53):
November with the voluntary handing over and a few weeks
time they'll move to a sixty minute handover. That is
about prioritizing people so when they go into emergency departments.
Quite often the feedback to me is people with mental
health issues. So they don't want to sit in emergency
departments with police officers sitting there with tasers. They want

(07:15):
a mental health response, and that's what we're working on.

Speaker 2 (07:18):
Right, So what's the Mental Health Foundation on about? Then?
I think that their wires cross completely, haven't they. I
mean they're saying there's a gap and you're saying there's
no gap at all. In fact, police are doing absolutely
nothing different.

Speaker 4 (07:29):
Yeah, and this is my point. I think at times
people are getting the two programs conflated. There is a
need for better mental health response. That's while we're building
out the co response teams. But the Change program is
just better streamlining of handovers in the emergency department.

Speaker 2 (07:46):
All right, Minster, appreciate your time. That's Matt Doucer, here's
the Mental Health Minister. It is fourteen minutes after four
News Talk SVB. Great to have your company this afternoon.
We're going to talk sport next, but I would love
to hear your thoughts on the Defense Capability Plan. I mean,
we haven't got really Arthur or Marthur of at this point,
but we will have Judith Collins on after five o'clock

(08:06):
and we will have a copy in our hot little
hands shortly. But the top line I suppose for you
is two percent of GDP on defense by twenty thirty two.
They're basically saying, yep, we need to up our game.
And that's a massive investment from a small country like
New Zealand. I mean, that's doubling what we are currently
spending on defense. Do you agree or not? News talks
EB it's the Heather Dupi.

Speaker 3 (08:27):
C Allen Drive Full Show.

Speaker 1 (08:29):
Podcast on Ihard Radio powered by News TALKSB.

Speaker 2 (08:33):
News Talks EB. It is four eighteen. We'll take you
to Parliament just a second. The Prime Minister is given
as post cabinet press conference, so we have some comment
on the defense plan from the government. And the reason
I say that Labour needs to get on board with
the Defense plan is because, well, because it goes out
to twenty thirty two. So you want to hit two

(08:54):
percent of GDP by twenty thirty two, Well, the government
can't budget out that far. I mean they only do
the next three four years, right so or in the
forecast period. So for it to be meaningful, then you
would need your opposition to say, yeah, we're on board
with that too, let's all go ahead with it. So anyway,
we'll look at that a little later in the program.
Right now, it is eighteen after four ra Impreciation planes

(09:16):
here with sport. Hey Jason, Hello there, Ryan, how are
you very good? Thank you? Now? Did yesterday's Japan movements
improve or drop me? In Lawsons? If one stocks? Do
we think?

Speaker 5 (09:26):
Really good question? Yeah, I'm not sure. Oh, it certainly
didn't improve them. I don't think he came out with
an enhanced reputation. He started what thirteenth on the grid
came seventeenth, although there was a strange decision to change
to tires with nineteen laps to go, which didn't get
the result they were after. But he wasn't able to,
you know, to finish ahead of Yuki Sooda. Sonoda himself

(09:48):
though of course in the red Bull car wasn't able
to get it to the points either, And that's what
one of the rationales for dropping Lawson was. You got
to finish in the top ten, they said, otherwise you're
not picking up points.

Speaker 2 (09:58):
Otherwise we can't.

Speaker 5 (09:59):
Win the can Structors Championship. So look, Liam Lawson, he'll
go to bah Rain, a place where, as I understand it,
there are more opportunities to pass. So hopefully with this
one under his belt and the racing bulls car, he'll
do just that and start to show some improvement over
the next few events.

Speaker 2 (10:17):
Yeah. I hope so too. Hey, I'm one of Pacifica
becoming a bit of a super rugby force.

Speaker 5 (10:22):
How good are they going? I guess the Warrortales on
the weekend, I was doing the radio show in the
afternoon halftime. When I left at three o'clock, they were
twenty one seven down.

Speaker 2 (10:30):
I checked back an.

Speaker 5 (10:31):
Hour later they won at forty five twenty eight. Incredible
stuff from them. Off the back of beating the Crusaders
and a couple of weeks before that beating the Hurricanes,
they're on fifteen points, two outside the top six. They
go to Eden Park on Saturday afternoon to take on
the Blues. I'll tell you what, Ryan, I reckon there
might be more cheering for more Wana Pacifica at Eden
Park on Saturday than there are for the Blues, because

(10:53):
they're playing a pretty exciting brand of rugby at the moment, I.

Speaker 2 (10:55):
Think you might be right. Hey, I thought of you
when I saw not because I think you're an aggressive person,
because I know you're into your football. But watching the
Auckland FC and the fans going at each other, throwing
cans of beer and there's kids in the stand, Piney, that.

Speaker 5 (11:09):
Was a shame, wasn't it. Yeah, just as always a
small minority ruining it and getting the and getting the exposure. Look,
I don't think it's it's indicative of what happens at
Auckland FC games. Just yeah, just a couple of morons
on the weekend. Other than that, eighteen five hundred people
who were there to enjoy the football. Another great game
and Auckland f C another undefeated game, but they're stumbling

(11:31):
a little bit towards the finish line.

Speaker 2 (11:34):
Piney, thanks for your time. That is Jason Pine Sports
Talk host seven o'clock tonight, news Talks at b and
the Auckland FC CEO will be with us after five
point thirty here on news Talk twenty one after four
Now get to your techs next.

Speaker 1 (11:47):
Getting the facts discarding the fluff. It's Ryan Bridge on
Hither Duple C Allen Drive with one New Zealand let's
get connected.

Speaker 2 (11:56):
News talks the B four twenty three the Prime Minister
speaking about this new twelve billion dollar defense announcement at Parliament.

Speaker 6 (12:03):
Have a listen, he Zelland and our allies and our
partners across the world are no longer in a benign environment.
The past few months have reinforced that tectonic shifts are
unfolding in the global exercise of power, economic leverage and
also strategic influence. Old assumptions are being upended and rules
are giving way to power. As I say, and we

(12:24):
must be clear eyed and recognizing the risk of conflict
in our wider region has risen and we have to
do our part internationally and domestically.

Speaker 2 (12:33):
Enhanced strike capabilities. This is the list of major investments
for twenty twenty five through twenty twenty eight, and we'll
have Judith Collins on after five to make it more
sense of it. Enhanced strike capabilities, frigate sustainment program, there'll
be a Javelin anti tank missile upgrade and I know
those are most needed. A network enabled army, whatever that means.
We'll ask the Minister A long range remotely piloted aircraft

(12:58):
which is great. They'll replace the Boy seven five seven fleet,
so that means the Prime Minister will no longer be
embarrassed on international missions, trade missions. There'll be space capabilities.
I'm sure Judith will be most excited by that. So
a future Devenport naval base design. I nearly had you.

(13:18):
You thought you were getting a whole brand, spanking new
naval base for all in that within the twelve billion
dollar envelope. I don't think I don't think so. Ryan
is an ex Navy seaman. I never felt safe knowing
we had no fighter jets capable of providing air support
around our coasts. Any of our ships would be sitting
ducks to any superior naval ships in our area. I
hope that gets addressed, says Larry. Larry, we will find

(13:40):
out for you. After five, Ryan, you've hit the nail
on the head. We need to pull our weight. If
the region is under threat and we expect friends to
help us, then those friends will be expecting us to
help them in their time of need as well, says Michael. Michael,
thank you for that. Ryan. Read the official Defence Force

(14:00):
report on their failures after Gabrielle. This is cyclone Gabrielle
hit Hawk's Bay. We need to act urgently. There will
be many more cyclones in our changing climatic conditions. Jan
you are right, and interestingly I was reading, just for
my sins, the Green Party's defense policy on their website today,

(14:20):
and they want to do a whole bunch of things
with well, actually they don't want to do much with defense,
as you can imagine, rip some funding out here and there.
There was a lot of devolving to civilian operations, which
you won't like the sound off. But one thing they
did talk about a lot was the climate and the
weather events and the fact that it's our defense force

(14:41):
oftentimes will be on the front line, not just in
New Zella, but in the Pacific, and so we need
to make sure that they're ready and prepared for that,
which is actually true also so they're not all wrong.
Twenty six minutes after for news.

Speaker 3 (14:52):
Talks, he'd be Brian Bridge.

Speaker 2 (14:54):
So we got very little out of Matt Doocy. I
wonder what your experience is worth going into a agency
department with a mental health problem. Do you get the
help that you need? Would you prefer it was a
mental health person or police or I guess whoever's there.
First news talks he'd beat will be to our international
correspondent after news.

Speaker 7 (15:14):
Bad ever after said to find out good or after
forget ever after all this time.

Speaker 1 (15:30):
Pudding the challenging questions to the people. At the heart
of the story, it's Ryan Bridge on hither du for
Selan Drive with one New Zealand, let's get connected.

Speaker 3 (15:40):
News talks he'd be.

Speaker 2 (15:52):
Get afternoon twenty five away from five, who's talks? It'd
be a couple of bad polls for Dutton over in Australia.
Of course, they're heading to the polls in a few
weeks time. We get to Oli Pederson out of Perth
shortly on that, plus we'll get to Judith on the
defense plan.

Speaker 1 (16:04):
After five, it's the world wires on Newstalks EDB Drive.

Speaker 2 (16:09):
The EU is meeting tonight to decide what they'll do
about Trump's twenty five percent tariff, Right Trump. Meanwhile, he's
on Air Force one. He says they're going pretty well,
thank you very much.

Speaker 1 (16:18):
In Detroit and Michigan, which I won because of what
I said.

Speaker 2 (16:23):
What I'm telling you. Car companies just starting.

Speaker 8 (16:26):
To open up in Indiana.

Speaker 5 (16:27):
A big one is under construction as an example, Honda,
but they're moving in like nobody has ever.

Speaker 3 (16:36):
Seen this before.

Speaker 2 (16:37):
That Honda factory in Indiana the president's talking about was
actually built back in two thousand and eight, so we're
assuming he's confused it for a different one. Australian Opposition
leader Peter Dutton has abandoned plans to force government workers
back into the office if he wins the election. He's
also clarified that a planned reduction in the size of
the public service will be done for a hiring free
his not redundancies.

Speaker 9 (16:58):
Here he is I've apologized for this decision that we
took in relation to work from home. It only applied
to Canberra labors run this scare campaign and I think
we bring it into that today and we strongly support
flexible workplace relate arrangements.

Speaker 2 (17:13):
Goodness me more with Oli on that shortly, of course.
And finally, a happy couple in Philadelphia have become first
time parents, despite both of them being in their nineties.
Mama and Abrazo are Galapagos tortoises. They live at the
Philadelphia Zoo. They are both almost one hundred years old,
and they hatched four babies last week. A worker at

(17:34):
a Zoo says the baby tortoises are just adorable. Arge
tortoises here are about the size of a tennis ball
right now and they bust out of the egg and
they're just rearing to go.

Speaker 3 (17:42):
So they're doing really great.

Speaker 10 (17:44):
Watching them walk around their habitat is quite possibly the
cutest thing.

Speaker 1 (17:48):
International correspondence with Ends and Eye Insurance peace of mind
for New Zealand business.

Speaker 2 (17:53):
How long do they keep going for ants? Like, if
you're a hundred and you're still cranking them out, I'll
have to look it up into a lot of tortoise
babies over a lifetime, isn't it. Olli Peterson's six pound
pers live presented with us this afternoon. Hey, Ollie, get
a Ryan. Let's start with the A six bit of
a blood bath. We love that term bit of a
blood bath on the AIX.

Speaker 11 (18:13):
Don't we?

Speaker 12 (18:14):
Justin Marcus in our region, just don't go and look
at your super for the probably the next probably year
or so to be blunt, because we were down six
percent at the open.

Speaker 2 (18:23):
Here in Australia, more than.

Speaker 12 (18:24):
Eighty five billion dollars has been wiped off the value
of Australian shares in that plunge back to about four
point four percent down today. But obviously this is going
to point to a smaller economy overall, and that's what
the Treasury Department in Australia is saying today as a
result of Donald Trump's tariffs. And this is going to
have a lasting impact here on not just our nation,

(18:45):
but obviously all the countries around the world, isn't it. Ryan,
And we're expecting Treasurer Jim Chalmers says the Reserve Bank
now to cuts interest rates when it next meets. But
he can't be making that declaration yet in the middle
of an election campaign. He's just trying to calm the
farm as everybody is looking out and wondering just why
this superannuation doesn't look as good as it did on Friday.

Speaker 2 (19:05):
Yeah, I only got to worry of course, if you're
retiring in the next couple of years, isn't it, and
then Ye're not a problem for me? Oh yeah, no,
certainly not yet. Now, Dustin is the working from home thing.
It's quite unpopular here, especially if it's bureaucrats doing it.
Kwi's love to bag on that, to hate on that,
but over there is it not the same? It is

(19:26):
to say.

Speaker 12 (19:26):
I think this is the most remarkable backflip and it
just shows you how much trouble Peter Darton is in
the election campaign. He has been terrible, to be perfectly
blunt right. In the first week and a half of
the election campaign. It seems as though he's been all prepared,
he's been on the back foot, he's been a few
stumbles and I actually thought that he had quite a
lot of support, particularly as you say there amongst a

(19:48):
lot of Australians who think, well, the public sector workers
are taking the mickey anyway, get back to work.

Speaker 2 (19:54):
Go to the office.

Speaker 12 (19:55):
But poling would reveal, and this was over the weekend
from Redbridge, which by the way, labor a line polling group,
but it did reveal that the Coalition is really struggling
to hold any female votes, particularly in the outer suburbs,
and this is the issue they think that's biting. Although
again it's only about the public sector, as you heard
in the clip you played in the World Wise, it
had nothing to do with private enterprise. It has really

(20:18):
backfired according to the polls, and I think Peter Dart's
just trying to now be as competitive as possible and
potentially pick up a couple of seats at the election.
I know he's still four in a bit weeks away,
but I think a coalition victory is very unlikely.

Speaker 2 (20:30):
Yeah, you're not the first person who said that to me. Now,
AI cameras are going to solve congestion, apparently, how so well,
I mean they can do everything you can't know.

Speaker 12 (20:39):
They can put world title belts on us in pitches,
and now in South Australia they're rolling out the AI
cameras to assess how just how congested perhaps a road is.
Let's just say you're driving north south and I'm driving
east west, and I'm getting a beautiful run, and you're
stuck in traffic bump at a bumper for ten minutes.
The AI cameras will look at the closest intersections and

(20:59):
it will be able to change those directions of those
traffic lights for a moment to clear that backlog. Now,
this is obviously the job that's been done by traffic
controllers for generations. Now it's going to be artificial intelligence
dictating when those traffic signals are going to change.

Speaker 3 (21:15):
So, look, it.

Speaker 12 (21:16):
Sounds fancy in theory, practice, it's probably what's already existed
for a number of years, but AI is involved in Well, good.

Speaker 2 (21:22):
Luck, OLLI thanks for that, Olli Peterson, six PR Perth
Live presenter. It is twenty to five Ray and Bridge.
I'm looking at a billboard and it's got the Green
Party logo on the bottom that you'll be familiar with
from the last election campaign. It says vote Green with
their green colors. It's got Chloe Swarbrick with a nice
smiley face. Are here done nicely and it says defunded

(21:43):
the police. It's a billboard that's up in Auckland and
in Wellington. There's another one with Tamotha Pool's face, same words,
same image, and then there's a different one that says
woo woo, you know, like from the Cooper Dooper performance
that Tamotha Pool did. It goes well, we'll defund the police. Obviously,
these are not being put up by the Green Party.

(22:05):
They've been put up by the Sensible Sentencing Trust, who's
trying to make a point.

Speaker 13 (22:10):
One hundred and seventy seven years Ryan Galapagos tortoises and
captivity can live up to one hundred and seventy seven.

Speaker 2 (22:15):
But do they keep producing well I was going.

Speaker 13 (22:18):
To say, so mommy and a brautzo are like middle aged, right,
so yeah, they've probably got more kids in them yet.

Speaker 2 (22:22):
But yeah, well that's a long time to be having kids.
I mean, they can't be. They mustn't have any problems
with you know, a deficient number in the in the
in the flock, whatever you call it. What do you
call a bunch of tortoises?

Speaker 13 (22:36):
Yeah?

Speaker 2 (22:36):
Sorry, gathering too, a gathering of tortoises. I don't know
what you would call it. Somebody will help us out,
but yeah, you would think that you would if you have,
if you were still going at one hundred, you'd have
a few, wouldn't you. Eighteen to five will get to
bury Soper next, speaking of having a few.

Speaker 1 (22:56):
Politics with centrics, credit check your customers and get payment certainty.

Speaker 2 (23:00):
News talks there be. It is sixteen away from five.
Apparently it's a creep of tortoises, is what the collective
is for a group of tortoises is a creep? So
do you go? For anyone who was interested?

Speaker 8 (23:10):
It's fairly creepy. One hundred year old having a child anyway,
the mind boggle.

Speaker 2 (23:17):
I passed no judgment. Hey, you've had exquisite. This defense
spending plan, it's just come out at four o'clock. Barry,
what's in it?

Speaker 8 (23:25):
Well, a lot, is the answer. I remember we said
last week that when it comes out it will be
a fifteen year plan. Well, this is more short term.
I mean they're going to be spending over the next
four years twelve billion dollars and they're going to be
increasing by two thousand and thirty two defense to GDP.

(23:46):
It's now one point two percent to two percent, So
that's the most it's been in a very, very long time.
They're going to be upgrading Javelin anti tank missiles, They're
going to have new green helicopters. They're even going to
replace those seven five sevens the Air Force plans that

(24:09):
break down when they're taking the Prime Minister and delegations overseas.
But the point that Judith Columns made about that, and
I think it's a fear point that a lot of
people say, oh, that's the Prime Minister's plane, and indeed
it is when he takes delegations, But sixty percent of
the time of the seven five sevens is spent transporting troops.

Speaker 2 (24:29):
And what have you around the place. But sometimes you'd
be on them. Remember Barry on a trade mission, and
you'd pick up troops who'd been doing a run here
or whatever, all over the past of the world. Ye,
well we're all.

Speaker 8 (24:41):
Over the place because you're breaking down so much. You know,
we did know that. I've got to say, I know
you're having defense. Minister Judih Collin's on shortly, but essentially
she says, re equipping the defense doesn't mean it's not
a must have. Well, it is a must have. It's
not a need to have here, she is.

Speaker 14 (25:01):
Defense is not something that can be mothballed until we
need it, because when the chips are down, you need
to force it is ready and equipped to do whatever
it is asked of it, and it needs to be
able to do it immediately. So distance certainly is no
longer any protection for New Zealand. This plan isn't about
choosing sides or beating the drums of war. It is

(25:22):
about supporting our diplomatic efforts to maintain the international rules
based order that has largely prevailed since World War Two.
It gets our NZDF out of the intensive care unit
and not just growing, but growing where we need it
to go.

Speaker 8 (25:37):
Yeah, and you know, she makes fair points there. So
it is a big spand the commitment's being made. How
they're going to pay for it, Well, they are sitting
on that one until the budget in May.

Speaker 2 (25:48):
Big question that one. Hey, that billboards we mentioned em
earlier in the show. But the billboards that the Sensible
Senencing Trust is put up. Yes, how are they going
down with the Green Well, they look so.

Speaker 8 (25:58):
Legitimate, you know, it looks as though the Greens are
out there promoting themselves as being anti police, and one
would have thought if they weren't, they would be making
a song and dance about these billboards going up. No,
they're posting it on their social media outlets, so obviously
they quite like not just the billboards but the message,

(26:19):
the message that's being spread. But it's interesting. The Attagier
University law professor Andrew Giddis says that ads like this
promoting political parties have to be signed off by the
general secretary of the party. Well these ones haven't. They've
been signed off with the Sensible Sentencing Trust and it

(26:41):
can basically breach the Electoral Act. They could be seen
to be and they could be up for fines. That's
the Sentencing Trust. But with the Greens being so placid
about them, I don't think they've got too much to
worry about.

Speaker 2 (26:53):
It's just roll over sally. The Treaty Sentiments Bill that's
coming back and going to be burned.

Speaker 8 (26:59):
It'll be back this week and interestingly, the question is
will it be back tomorrow. Unlikely, I've been told by
those in the know at Parliament. Unlikely. On Wednesday, Thursday,
they go for a three week recess. I think you'll
find it. It'll come back on Thursday, it'll be voted down.
That'll be the last we hear of it in this form,

(27:20):
of course, and it'll be interesting to see if we
have that.

Speaker 2 (27:24):
Hucker well, yes, a good point. Actually we probably will
see more of that, won't we. Very So I just
wanted to you know, the billboards yep. So if it's
if it's somebody else using your image and your party's
logo and you've got no control over it, that wouldn't
you couldn't get in trouble for that. The Greens couldn't
get in trouble for that, right, That would be the

(27:45):
sensible sentence.

Speaker 8 (27:46):
Absolutely, yeah, So they could be in breach of electoral
law if the Greens wanted to take a case, but
given the Greens reaction to it, I don't think any case.

Speaker 2 (27:56):
Well, look they went up one percent in that last pole,
maybe they're high. I think the same thing keeps having.

Speaker 8 (28:01):
Politics is unbelievable at the moment, isn't it really?

Speaker 2 (28:04):
Ten away from five? Barrrisoper, senior political correspondent at News
Talk SIB we're back in just a moment.

Speaker 1 (28:11):
Putting the tough questions to the newspeakers, the mic asking breakfast.

Speaker 2 (28:15):
This clime, minister is well, as do you expect to
see a global recession?

Speaker 6 (28:19):
I think the tariffs and trade wars are going to
cause huge pressure economically. It'll lead to rising inflation, there'll
be currency challenges, they'll be slow down in economic growth.
And that's why we just don't think it's the right thing.
I mean, it's interesting, Mike, having lived in the US,
that private sector will slow up big time. It'll stop
on a dime, and the only loser and all of
that is going to be the US consumer. It's going
to be paying a lot more.

Speaker 3 (28:37):
Can you explain his logic?

Speaker 1 (28:38):
No?

Speaker 6 (28:39):
I mean, I just have been a person for a
long time just doesn't believe that tariff's work all that
happens as you end up piling on costs to the consumer.
It's the same reason why we won't retaliate with a
ten percent to tariff the other way, because Franks just
hurts his own workers big time.

Speaker 2 (28:51):
Back tomorrow at six am the Mic Hosking Breakfast with
the Rain Drover of the laugh News Talk ZEDB seven
away from five News Talk ZEDB. So talking about tariff,
we do have an exemption, not New Zealand, but a
specific industry and it's pretty significant to us. So this
is New Zealand forestry exports. So China gets fifty per
seven percent of our exports, Australia gets nine percent. Our

(29:14):
third biggest market is the US it's six percent. That
is still worth three hundred and sixty old million dollars
in the last year, so it's not insignificant. We're talking
about fifteen to eighteen mills exporting timber and lumber to
the United States from New Zealand. So those are key
we jobs that we care about and we need three

(29:34):
on sixty million bucks and fifteen to eighteen mills. So yep,
it's important. Americans need wood and they're quite short on it,
and the price has been going up, so they obviously
need to build houses, they need to make stuff. Price
is up thirty percent over the past few months. So
what they did, the builders over in America lobbied Washington.

(29:56):
They said, look, if you if you include wood and
lumber and timber and stuff in your tariffs, you're going
to push the price up even further. You're going to
weaken our supply chains. We don't want you to do that,
and so the White House has given them an exemption,
which is pretty rare to get from the White House.
They've done some for pharmaceuticals and other things. But one

(30:16):
of the reasons, you know, the wildfires in Los Angeles.
Twenty thousand homes they need built and they don't have
enough timber to do it. So this would have just
exacerbated the problem. So in a weird kind of a way,
that has helped the New Zealand forestry exporters who will
benefit from this. The only concern now is that it's
just a temporary thing. So while they do an investigation, etc.

(30:40):
It may just be a temporary fix. But we'll talk
to the industry about that. After six thirty hero on
zidb Ryan Bridge also coming up after five o'clock, twenty
eight thousand of these heaters in New Zealand. And if
you're one of these twenty eight thousand people, and I
hope you're not, who have one of these heaters in
your homes, then you want to tune in after five
this evening because the Ministry for Business, Innovation and Employment

(31:03):
urging everyone to check any bathroom heater that they have
and remove them if they are a particular brand, and
I'll tell you what that is after five o'clock. We're
also going to speak to an expert about it. But
twenty eight thousand people still have these despite warnings. Apparently
we've been worn plenty of times. I don't have a
heater in my bathroom at all. Well, it's called the shower,

(31:27):
isn't it. That's the heater in my bathroom. I don't
need anything other than that. And after five we'll also
talk to Judith Collins about the Defense Plan, the Defense
Capability Plan. We're also going to ask her about the
lowering of the standards. Did you see that story today?
So to get into the Defense Force, you used to

(31:47):
need NCAA level one and or two, and now they
seem to have quietly scrapped those requirements so that we
just get bodies into the defense force as opposed to
bodies who have set level one or two. Whether you
think this is a good thing or not, I know
Ron Mark has some pretty strong views on that, and
he'd be all in favor of the change. Better to

(32:08):
have people in there, I mean, for goodness sakes, a
third of our navy boats are sitting empty because we
don't have the sailors to staff them, to crew them.
So you've got to do something at some point, don't you. Anyway,
we will ask Judith Collins about that and today's announcement.
It's all coming your way after five. You just talk
to Hibbe.

Speaker 7 (32:27):
Everybody buy.

Speaker 2 (32:31):
Because it's all to the three to the four.

Speaker 11 (32:34):
When this last Carl and he kick us out a
dime skin kind of lay.

Speaker 2 (32:38):
But the ladies want some.

Speaker 11 (32:39):
Mone Homer, good Lord, tell him drain so trouble.

Speaker 2 (32:44):
To me up a double shadow whistam.

Speaker 11 (32:47):
Then on me and day they have got a hisque.
There's a part of downtown near fists. Everybody had bucket.
Trouble to me up a double shadow.

Speaker 1 (33:22):
Questions, answers, facts, analysis, the drive show you trust for
the full picture, Brian Bridge on Heather dup c Allen
Drive with one New Zealand.

Speaker 3 (33:33):
Let's get connected. News talks.

Speaker 2 (33:35):
They'd be good evening. It is seven after five news talks.
There'd be Monday, the seventh of April. Great to have
your company. It's all about defense tonight. Twelve billion dollars
is going to be invested invested. It's a record number
from the government invested into defense over the next four years,
with a plan to get spending to two percent of
GDP over the next eight years. It comes after China
launched an inta ballistic missile in the Pacific last year.

(33:57):
We had the three highly capable Chinese warship sailing off
the coast of Sydney a couple of months ago. The
Defense Minister, Judith Collins has announced issues with me. Now Minister,
good evening. Well hello Ryan, So break it down for us.
What is the twelve billion going largely going to be
spent on or how will it be split between CAPEX
and OPS and over these four years.

Speaker 14 (34:18):
Yeah, but the nine billion is basically extra money on
top of what defense normally gets now, and the three
billion is it's basically it's a form of depreciation that
defense has to be funded for and that it pays back,
and it's you know, I don't want to get into
the boring details of accounting, but basically it's a heck

(34:39):
of a load of money that defense is getting. So
we're going to have in the first four years. We've
got some really big stuff happening around replacing some of
our platforms and being able to actually get ourselves out there,
particularly with uncrude equipment. So we a lot of people
don't realize we have a good and growing industry in

(35:01):
this country building equipment for uncrewed equipment for other countries
to use, and what we need to make sure is
that we're getting a piece of that action as well
and building our capabilities on that. But the first things
that we're doing is around the enhanced maritime strike capability.
I've just talked about the uncrewed surface surveillance as well,

(35:24):
sorting out and getting replacements for our maritime helicopters, upgrading
our systems to deal with drones coming in against us,
but also making sure that we have our New Zealand
Defense Workforce strategy right and really looking after the bases
more and the people that live on them. So these

(35:45):
are some of the things that we're doing.

Speaker 2 (35:47):
Okay, So helicopters will get drones, will we get submersible drones?
I don't know what.

Speaker 14 (35:53):
We already have one. We already have that, so basically
uncrewed submarines. So yeah, we've bought that and we'll probably
get some more of those.

Speaker 2 (36:03):
And when's the sort of.

Speaker 14 (36:04):
Thing we can do.

Speaker 2 (36:05):
And when you say when drones are coming here, we
need stuff to stop them, it' stuff to shoot them
out of the sky.

Speaker 14 (36:11):
Something like that. So it's not just coming here, it's
our people on ships who are dealing with drones coming
at them too. So we've got to be able to
have that capability. Now we do actually have that tech
in the New Zealand. We have some fabulous industry players
here who at the moment are selling to offshore defense
forces and we need to be able to help them

(36:35):
to build their industry but also buy some New Zealand for.

Speaker 2 (36:39):
A change, Buying New Zealand made okay, I mean, and
it's great stuff. Yeah, and this is all inside the
next four years. What about recruitment.

Speaker 14 (36:49):
Oh and recruitment too, So obviously we've got the budget
still coming up, so issues around that are very important.
So as you know, we had a real problem with
people leaving, particularly during the COVID years. That has now
been stemmed. So now this is defenses out there. They
have people lining up to join them, and that's what

(37:10):
we want. So they take people who are physically very fit,
mentally sound, and who can be taught and will take orders.
So these are the sorts of people there after, and
that's what they'll be out recruiting as well.

Speaker 2 (37:25):
Where's the money going to come from?

Speaker 14 (37:28):
Wells it comes from the New Zealand taxpayer actually, and
that's why we need to make sure we do it
really carefully. So it is a lot of money. But
I also know this that there is no economic security
without national security, and New Zealand paying at the moment
as we do about one point one percent of our
GDP on defense. We are so far behind like minded countries.

(37:50):
We need to get to two percent. We're doing that
under this plan within eight years, that's the plan, and
we will be back at a percentage of GDP for
spending in defense where we're in nineteen ninety two. We've
had thirty five years of just ripping the guts our
defense and it's got to stop.

Speaker 2 (38:08):
That is Money's going to have to come from somewhere, though,
isn't it? Is this a question where we've got nickols
willis on our six. We might leave that one for her.
Has somebody has somebody asked us, Have one of your
counterparts asked you that we get to two percent?

Speaker 14 (38:23):
No, they don't need to ask us to do that.
It is one of those levels of funding that is
understood is a minimum level that you need to be
to be able to do the basic things of what
a defense force should do. So, as you know, we
have a lot of disaster relief work that we have
to do with defense, but we also have things, particularly

(38:44):
in the Pacific and with a big maritime zone around
illegal and irregular fishing, particularly for our Pacific neighbors. And
also we have the transnational organized crime, particularly big drug
busts and things like that that our defense force is
involved working with police but also with other countries. And
then there's the other issue that we need to have

(39:05):
more lethality. We need to actually understand defense is about
defending and we do need to be able to do that.
And we all know about our wonderful special forces, but
actually we've got capability in other areas as well, and
they need to be backed up. We can't just send
people off and have nothing to pick them up or
do anything else. And I say this to people and
they say really foolish things like why do we need

(39:27):
to have ships and frigates. But when we're out in
the Tasman Sea and you've got people who are on
a kayak in the middle of the sea and they
need someone to go and save them, well, who do
we ask we as defense? We need somebody who can
have they cop to them out of there, getting out
of the water, or have a ship to put them
onto or something else. But what we can't do is
just leave them there and say, oh, well, that's a

(39:49):
bit of a shame.

Speaker 11 (39:50):
You know.

Speaker 14 (39:50):
It's defending us from weather, from everything else and also
from people who want to take our resources.

Speaker 2 (39:57):
When you say we need more lethality, are we not
left fit enough as it is? No, clearly not no, no,
no no.

Speaker 14 (40:03):
So we we're not getting the strike course back for
the Air Force because simply we've lost the entire capability
thanks to Helen Clark and her decision to get rid
of it back in the when she came to government
but what we do have is we need some lethal
components onto our pH A sidons. They are submarine hunters

(40:24):
and having hunted them, having got the information of them,
surveillance and everything else they do, they do need to
have some ability to fight back if someone's going to
come after them. So you know, this is not Tiddley winks.
This is really serious things that's going on in the
world at the moment, and New Zealand cannot stand back
and say, oh, it's not really our problem. It is

(40:46):
absolutely our problem, and we have a specific that we
have an obligation to and we also have an obligation
to New Zealanders and to our one formal ally, which
is Australia.

Speaker 2 (40:57):
Will the drones that we're getting be able to strike
or are they just surveillance.

Speaker 14 (41:02):
Well we've said that we're not doing any of this
AI AI generated strike capability on drones, and I think
that is absolutely right. But however, the way that we
drones are obviously used in Ukraine at the moment, and
you might find that some of those may have some
tech from New Zealand, so they do need to be

(41:22):
able to strike. But the point is you need somebody
taking responsibility for anything like that, so.

Speaker 2 (41:27):
That'd be fair. We're saying, though someone would be on
the other end pulling the trigger.

Speaker 14 (41:32):
You can't. We're not that sort of nation that would
just say or will send that to a software to do. No,
that's not what we do.

Speaker 2 (41:40):
No, Okay, interesting defense minutes of truth Coins. Really appreciate
your time. Thanks for coming on the show. It's called
to past five lots to get through. When we come back,
we will get to the sheer market. There has been
more bloodletting, and I'll tell you why I don't like
that term a little later on in the program too.
But we'll talk to Chares's next news talks, w'd be
just gone eighteen minutes half to five. We'll talk to
the Auckland Ay of the orkand FC boss about the

(42:02):
fighting at the weekend after five point thirty tonight. Right now,
the sheer market's taken a big hit. In fact, apparently
it's been the biggest hit since the beginning of the
COVID pandemic. Market was down three percent. This is the
inzetics here in New Zealand, with more than two billion
dollars wiped off the value. Brook Roberts is the Sharesy's
co CEO with me tonight. Hi Brook, Hey, how are
you yeah? Good? We've been told not to touch our

(42:24):
key we Savers, but I know that Cheesy's investors are
a lot more active than that. You know you've got.
You're involved in your own portfolios. Are people touching them?
Are they selling? What are they doing?

Speaker 11 (42:34):
Yes?

Speaker 15 (42:35):
In terms of Kei we Saver, we've seen people, the
majority of people keep to their strategy, so they're not
moving to more conservative funds, which we heard used to
happen on other brokers. They and they're looking at their portfolio,
which is great and on our Shy's key We Saver,
it's truly transparent. You can be really flexible in terms
of what you invest in and invest in from different funds,
from different fund managers all in one, which is I'm

(42:57):
pretty good. In terms of what we're seeing on the
outside of quis there and investing side who, we've seen
an increase in engagement and people are logging in and
checking their portfolio, but again taking a really balanced approach.
We've seen trading volumes go up about thirty percent week
on week past week net records in terms of shares

(43:17):
being transferred into shares these from other brokers net buying,
So people are being a bit more active in terms
of actively looking at their portfolio and buying and investments
into sha market.

Speaker 2 (43:30):
Can you see what the you know, what your average
users account is worth and how much they've lost.

Speaker 15 (43:37):
So yeah, we've got people from zero to ninety seven
years old on the platform will take really different approaches
to growing their health. So there's people that are actively investing,
and there's you know, active traders, and there's others that
are building their investments every paiday over time. So there's
a wide range of different returns that people experience through

(43:58):
the way that they behave too because the number one
way that we create wealths through managing our behaviors, and
especially in times.

Speaker 2 (44:04):
Like this, right so you haven't seen any particular change
in behavior. You haven't seen any particular selling off or
any particular fallen in average account value.

Speaker 15 (44:17):
So one thing we have started to see is a
bit more of rebalancing. So people are looking at different
markets in different ethic classes. So in the top ten
buys we've seen today in gold ETF and Europe ESG,
an extra train of funds have started to pop in there.
But still the number one by is the US top
five hundred, and we're also seeing more orders for the

(44:40):
Australian Stock Exchange too coming through, So there's subtle differences
that in general people are sticking to their long term
investing strategy.

Speaker 2 (44:48):
Okay, well this is the right thing to do, isn't
it unless you've got to get the money out tomorrow?
What's that? We've had market analysts telling us, you know,
they're surprised how the scale of this, how widespread it is,
and then the selloff happening day after day, how much long?
What do you think we're going to see markets taking
a hit like this?

Speaker 11 (45:03):
Oh?

Speaker 15 (45:04):
Look, it's unprecedent in times in terms of the shock
that had happened to the markets at the moment based
off the back of the tariffs, and then the rippleistic
that it's happening to economy. So look, I don't have
a crystal ball and can't tell you that. But what
as you mentioned earlier, you know, if you take five
year of you s and P five hundred, yet it
might be down in the last day, but it's up

(45:26):
eighty percent over the last five years. The ASX two
hundred up thirty five percent of the last five years.
So when you take a longer term lens, there's you know,
it looks quite different to the day to day watching
the market.

Speaker 2 (45:38):
Brook, thank you for that. Brook, Roberts, co CEO at Cheers'
is just gone twenty one after five. I'll tell you
what heater you shouldn't have, And in fact, if you've
got one of these heaters at your house, you want
to rip it out of the wall and throw it away,
and I'll tell you what it is when we come back.
I'll also give you my thoughts on the sheer market,
because unlike Brook, I do have a crystal ball.

Speaker 1 (45:57):
Checking the point of the story. It's Ryan Bridge on
Heather Duplicy Ellen drive with one New Zealand let's get
connected news talks.

Speaker 2 (46:06):
They'd be five twenty four. Yes, Trump's tariffs are bad.
The news is bad. The headlines are very bad. Blood bath,
worse since COVID nosedive, free fall. Unless you're into UFC
or jumping out of aeroplanes, none of these words soundt
particularly appealing, and nor should they. Here's the thing about

(46:26):
news that you should be aware of a little secret
I'll let you in on and I've been working New
Durom for pretty much my adult life. Now, journalists take
the very worst bit of information, they beat it up
into a headline in a top line, and that's your
first paragraph, and then they hit publish. That's generally how
it works. It's the worst possible scenario in five to

(46:47):
eight words, which is not to say what Trump's done
is not going to be costly. But here's a side
of context with your Jaws meets American PSYCHOEWS headlines. Number one,
stocks are falling. They're not the real economy. They are
the value that people with money placed on a company,
and they can be an early sign of a potential recession,

(47:08):
but they're often wrong. They've called more recessions the stock
markets that haven't happened over the years than have They're
unreliable at doing this. Number two. So far only China
has retaliate retaliated in any major way to the tariffs.
We haven't yet got a proper world war trade war.

(47:28):
Number three. The economists pumping out the GDP predictions don't
have loads of data to drive them yet, so read
them like you wouldn't email from HR. Interesting but doesn't
really mean much. Move on. Number four. These headlines about
worse than COVID or worse since GFC, these relate to
the sheer market only at this point, remember, and even

(47:49):
then the average drop in world shares there's an index
you can look at GFC was thirty four percent, COVID
down twenty four percent so far, with Trump's terraf thirteen
percent plus the AX is recovering in the last couple
of hours. So yes, we should all have a life
jacket and a whistle at the ready, but by no means,

(48:11):
despite what you read and may fear, should we be
jumping overboard and abandoning ship just yet. Bryan Bridge, it
is twenty seven after five news talks, he'd b I'll
tell you about this heater because this is worth panicking about,
because it's quite serious. This is the brand of heater
that you need to be aware of because it's been
causing fires and twenty eight thousand people still have them.

(48:35):
It's the part of a mandatory recall for anyone who's
got one. The brand is Serene brand model S two
zero six eight, Serene sern S two zero six eight.
And the other reason it's not just fact you could

(48:55):
catch on fire, but the insurance counsel has said that
your house might not be ensured if they're the fire
that's caused by this type of heater. So if you
have one or your family members got one, write that
brand name down is two zero six eight and just
get rid of the thing. We get Trishuson and Josephcganney
on the huddle Halter News.

Speaker 1 (49:18):
After making the news, the newsmakers talk to Ryan first.
It's Ryan Bridge on hither duplicy Ellen Drive with one
New Zealand let's get connected news talk, said Boven.

Speaker 2 (49:38):
Great, then if your company twenty five minutes away from
six News talks the b We'll get Tris Shurson and
Joseph Garaney on the huddle in just a second. Some
very interesting developments in the Green Party billboards that have
gone up all over Auckland and Wellington, put up by
the Sensible Sentencing Trust and it's Chloe Swarbrook and Tamotha
Paul and it says defund the police, vote Green and

(50:00):
they used photos from the Green Party website to make
these billboards, these tutorial billboards, and they are now getting
hit with claims of intellectual property right abuse by the
Green Party, so they've had to change the photos to
less attractive ones they have because it's the nice airbrushed

(50:22):
green party ones that they were using. They actually looked
like proper green party billboards. Now they look like a
hatchet job, which is what they are. Anyway, we'll talk
about that with Christian Josie in just a second. It
is twenty four away from six Bryant Bridge. Is there
a risk that we are not just fostering football fans
but also a bit of hooligan culture in New Zealand?
Did you see this at the weekend alkany See fans

(50:44):
and fans of the Western Sydney Wanderers threw cans at
each other after the game and during the game, and
there were children in the stands. A forty six year
old has been arrested for an alleged assault, which resulted
in an Australian man require r facial surgery. Several children
were reported to have been just meters from some of

(51:05):
the beer cans that were thrown. Nick Beckett is the
AUK and f CEO with me tonight.

Speaker 16 (51:10):
Hi Nick Edien Ryan?

Speaker 1 (51:12):
Hell?

Speaker 2 (51:12):
Are you yeah? Good? Thank you?

Speaker 7 (51:13):
So?

Speaker 2 (51:13):
Is this all getting out of control or is this
a one off? How do you stay?

Speaker 16 (51:17):
I think it's definitely a one off. You know, we're
obviously extremely disappointed about what happened, but then we do
see it as a as a very isolated incident. You know,
we've had up until yesterday, well sorry Saturday, we had
eleven games, over two hundred thousand Ork FC fans through
the door and no incidents like this. So unfortunate, that
incredibly unfortunate that it happened, and certainly we're going to

(51:41):
take their appropriate actions to get the person banned who
was involved in the in the fight that ended up
with the gentleman getting a broken jaw. But we're incredibly
disappointed with that going on, but it's certainly not reflective
of what happens at our home.

Speaker 2 (51:53):
Games and from where from the stadium yep, So.

Speaker 16 (51:56):
He'll be banned.

Speaker 2 (51:57):
So he's been arrested the police.

Speaker 16 (52:00):
It's with police for prosecution aside of what they want
to do and then but we've already agreed with the
stadium that he'll have a two year banning from the stadium.

Speaker 2 (52:08):
And is this a key with is this an Auckland
f C fan?

Speaker 16 (52:12):
As we understand it, it was an incident involved one
of the away fans and one of the home fans. Correct,
We don't have any details on the guy.

Speaker 2 (52:20):
Right, so you don't know whether he's one of your
fans or whether he's one of theirs. Because the guy
was hurt was Australian, right, so you kind of assume.

Speaker 16 (52:27):
Correct, So I know there's definitely it was definitely a
home and away fan incident.

Speaker 2 (52:32):
Right, So it was it was an Auckland FC fan
assaults in Australian.

Speaker 16 (52:37):
Yeah, but we don't call him an aucand f C fan.
Was that certainly not what we're about. You know, we're
a club that has you know, we're proudly built up
a very family friendly environment. We've we've got a great
set of hardcore fans known as the port who I
think do do everyone in football and everyone in Auckland
proud And it's certainly not one of them. It's not
someone that they would associate with, and it's definitely not

(52:59):
someone that we want involved now.

Speaker 2 (53:01):
Just a loser who went too far and what absolutely
so what about what about the cans? Because I saw
I watched a video and I saw kids sitting there
and someone's throwing cans and I'm thinking, you know what
a drop caag. But are you allowed cans in the stadium.
There very good question.

Speaker 16 (53:20):
I believe you can buy an open can from the concessions.
But yeah, that sort of behavior is really disappointing, and
it's sort of it's one that will certainly review and
reconsider where we put when there's large groups of traveling fans,
certainly ones that come from a club that has had
a reputation for some anti social behavior from their fan group,

(53:44):
we will look to kind of really lock that down
a lot more than we did on Saturday, And I
guess we take that as a as a huge learning
to move forward, right Nick nice Tavy.

Speaker 2 (53:54):
On the program. That's Nick Becker from Auckland FC. He's
the chief executive. It's just gone twenty to six.

Speaker 1 (54:00):
The Huddle with New Zealand Southeby's International Realty. The ones
with worldwide connections that perform not a promise.

Speaker 2 (54:07):
Trishuson Shuson Willis pr is with us this evening high Trish, Hello,
welcome along, and Josie Pagani child Fund is with us too.
Good evening trick, Joseie, forgive me. Now. Let's start with
the defense Capability plan. It's quite a big chunk of change.
Twelve billion dollars over four years, although three billion dollars
of that is going on depreciation apparently, but it is

(54:28):
a significant investment from the government. Trish, are they putting
it in the right places?

Speaker 17 (54:32):
Well, cometh the hour, cometh Judith Collins, I mean, cometh
the arched eyebrown. I don't often hand out Bouquet's two ministers,
but in this case I want to say, I think
Judith Collins has done a very good job on this
very important piece of work. We have now got a

(54:54):
government on these big areas of work that takes time
to get a thoughtful plan together. There's been a lot
of push for them to get this capability report out.
They've resisted that and they've come out today and it
sounds like a very thoughtful and robust plan. There are
always going to be questions around where the money's coming from.
We'll have to wait for the budget for that. But

(55:16):
the big signal that it's trying to send is that
we are ready to do our part, and we have
to do our part. The key takeout is really that
New Zealand can no longer rely on the tyranny or
benefit of distance. And you know, there was a great podcast. Recently,
Oliver Hartwich at the New Zealand Initiative with the former

(55:38):
Secretary of Home Affairs for Australia, Michael Paluzzo, who said
exactly that, then effectively New Zealand has to sort of
wake up and grow up and we've got to do
our bit.

Speaker 10 (55:51):
Yeah, I think it's got pretty good chance of bipartisan
support actually, because it's pretty sensible. There was one line,
which is funding the modernization of accommodation, messing and dining rooms,
which sounds a bit like a plan for a teenager's bedroom.
But everything else I think makes perfect sense. And you know, look,
I believe that we are in a nineteen thirty eight

(56:13):
moment and it really matters what we do, and it
matters that New Zealand plays its part. You know, if
you look at it in ninety thirty eight, there were
hot wars all over the place that seemed disconnected. You had,
you know, Germany, Italy, Abyssinia, you had all of these
disconnected wars, hot wars. We've got the same. Now, we've
got Ukraine, we've got Middle East, we've got skirmishes in

(56:36):
the South China seas, and it wouldn't take much there's
a lot of trip wires around. We've got Trump promising
to invade Panama Canal in Canada and Greenland. You've got
Taiwan doing alarming war games around Taiwan just over the
last couple of days.

Speaker 4 (56:53):
So there's a hell of a.

Speaker 10 (56:54):
Lot happening in the Middle East, and I think, you know,
New Zealand has to be has to be ready. Big question,
Ryan is going to be where's the money coming from?
And it mustn't come from aid budgets. I mean, Judith
herself said, you know, the the New Zealand Defense Force
is active in the Pacific around cyclones, around emergency responses
and so on, and so are AID agencies like ours.

(57:16):
You know that it can't come at the expense of
aid budgets because.

Speaker 2 (57:19):
That's more important, the only thing we don't have. And
it's not necessarily Judith's job, but is a direction of Okay,
when Taiwan kicks off, which it will, it's not a
matter of if it's when they do that, what is
our role? You know, whose side are we on here?
What do we do with this new military equipment that
we've purchased.

Speaker 17 (57:39):
Well, that was the big question out of today. Actually
there was a comment about we are serious and we
need we need friends, And when I was listening to
that in the press commence, I put a dash and said,
who are our friends? Because this is the really crunchy
issue that they govern is trying to deal with the

(58:02):
fact that trade and what Trump is doing with tariffs
and upending the world trade order is inextricably linked to
defense and every other country that every other every ally
of the US has not been spared in Trump's tariff
trade war, not our best friend Australia, not New Zealand,

(58:24):
even though it's a little bit, and what he's done
has made Europe go okay economically and from a defense perspective,
we have to get our shit together and we've got
to be able to essentially be a self sufficient European bloc.

Speaker 10 (58:41):
So that's a trick question that and I think you
talk about China and Taiwan Ryan, but actually, if you
use the thirty eight nineteen thirty eight metaphor again, you
imagine if the Czech and Slovakans had really pushed back
on Hitler. You imagine if Chamberlain hadn't signed a peace
plan and appeasement like you can have a bit to
Czechoslovakia or not. What we've seen with Ukraine is the

(59:03):
opposite of what happened in thirty eight where actually, you know,
they pushed back on Putin and if we don't appease
one thug eye Putin, actually that's going to have a
domino effect around around the other aristocrats. Who's threatening Taiwan.

Speaker 2 (59:18):
Yeah, I would agree with that, except that all it
does is drain your resources and you run out of money.
I mean, who's going to want to go and fight
a war on the Pacific when they've just spent everything
they had in Europe.

Speaker 10 (59:30):
But the same would be true of Putin, right, I mean,
if he gets pushed back in Ukraine, then you know
China and Shidimping goes, well, maybe I won't try Taiwan
right away. You get pushed, you push back Putin, and
then suddenly they're going, all right, I can't, I can't riskless.
It's too there's too much to lose here.

Speaker 2 (59:49):
So yeah, you do send a message. I agree with that.
And we're a long way off talking about drones now,
aren't we. But fascinating discussion, Joseph began to introduce on
the huddle tonight fourteen away from sex with back in
a moment, we'll talk about the Greens and their billboards.

Speaker 1 (01:00:02):
Shall we the huddle with New Zealand Southeby's International Realty
achieve extraordinary results with unparallel reach.

Speaker 2 (01:00:10):
New talks to me it is eleven away from six.
Trishuson and Josie BACGANI here on the Huddle tonight. The
Sensible Sentencing Trust has got a new billboard campaign out.
In fact, if you're in Auckland or Wellington, you might
have driven past one of these on your way home tonight,
calling for saying that the Greens want to defund the police.
But it's actually not a Green Party billboard, it's a
Sensible Sensible Sentencing Trust billboard and they're trying to make

(01:00:33):
the point that the Greens don't like the cops. Is
it a good point? Well made?

Speaker 17 (01:00:36):
Trish well I think it's really interesting to see billboards
coming back in terms of political campaigning. I see in
the States the Canadians have put political attack ads in
key states that are going to lose jobs because of
Trump's tariffs, and the simple billboards saying you know, tariffs
are are a tax on groceries, but I just wanted

(01:00:58):
to tell you one of my best pieces of work
I think in my career might have been my worst.
I was working for a company and they wanted to
change Zespree's monopoly on being able to export kiwi fruit.
So came up with a billboard and it was two huge,
dangly browned kiwi fruit hairy.

Speaker 2 (01:01:19):
Oh my god, that you know that.

Speaker 17 (01:01:21):
Massive billboard as you drive into Wellington Airport. Whacked it
up there and it said it's kicking us right where
it hurts. So I love when I see other people.

Speaker 2 (01:01:34):
The thing isn't that there's a.

Speaker 10 (01:01:35):
Great tradition of satirical political billboards, right, And the funniest
thing about this one, I think is that everybody's just
like kind of snook at themselves. So the Greens are
making a big fuss of it, We're talking about it.
It's getting a heap more attention. But then with a
Sensible Sentencing Trust, they've put these billboards up in central
Wellington and central Auckland that the Green So it's like,

(01:01:59):
wouldn't you put it so if you wanted to kind
of increase the profile of sensible sensing trust and go
oh yeah, right, you know those damn Greens want to
defund the police. Wouldn't you put it somewhere where you're
going to get more support, whereas everyone's just looking at
going great yep, the Greens they want to defund the
police and also replace them with New Zealand flight attendants
handing out air New Zealand suites to criminals. The headline

(01:02:19):
is very clever though, because as soon as I read
that headline, I can hear the song that tomant Ball played.

Speaker 14 (01:02:25):
DJ said.

Speaker 2 (01:02:28):
Defundda Cops, it said on the billboard, it might be
better than our version. Very quickly, before we go Trump
and his tariffs, Josie, you have the floor first, What
is the reason will he negotiate?

Speaker 10 (01:02:44):
Well, this is the problem. He's both negotiating and he's saying,
my great big capital letters, my politics are not changing,
you know. So in other words, the tariffs are there
because you're ripping off the US and I'm saving manufacturing
and jobs. Both of those things can't be true. Negotiating
it means you're prepared to drop the tariffs. So no
business is going to build a factory in Ohio or

(01:03:06):
anywhere if they think the tariffs are going to go,
and they lose their domestic advantage. So it's completely incoherent.
So he's managed to freeze up any investment at the
same time as potentially cause a recession across the whole
world with this completely incoherent Trump tariff policy.

Speaker 17 (01:03:26):
It's economic vandalism in pursuit of an absolute mirage. As
Josie said, no one because of the huge political uncertainty
now in the system in the US is going to
go and invest to build factories and jobs in the US.
But worse than that, this is a system that is
ripe for corruption. So going now on bended knee to

(01:03:50):
the President of the United States, all the opacity around that,
you know, who knows what those deals are going to
be the thing to think about. And I loved you
or your editorial, and I thought it's great to calm
the horses. It might be slightly a polyannoroiush view, because
what could happen here is not only a global recession,

(01:04:12):
but even more serious than that, a serious economic meltdown.
And if that happens, unlike the GFC or when COVID hit,
there aren't the big serious players in the US at
the highest levels like we had at those times, who
will be able to join up, say with the UK

(01:04:33):
and lead us through that. So you've still got the
head of the Federal Reserve, but you don't have anyone
in those other positions other than sicker fans around Trump.

Speaker 10 (01:04:41):
And like, give one quote before we go, pgo, great
American commentator, he said his dad now, but whenever there's
a justice suppression and suffering, America will show up six
months late and bomb the country next to it. So
thanks America for baggering off from the world.

Speaker 2 (01:04:57):
Thank you Donald Trump. Gun intricious and thanks guys. We
have to leave it there. On the Huddle tonight, it
is seven away from the six News Talks ZB. Don't forget.
After six we're going to talk to Nicola Willis, who's
finance Minister, and we'll find out where that money is
coming from for defense.

Speaker 1 (01:05:14):
It's the Heather Duplessy Allen Drive Full Show podcast on
Ihard Radio powered by News TALKSB.

Speaker 2 (01:05:21):
News Talks ZB. It is four minutes away from six.
We just had Joseph, Biganny and Tricius and on the
Hero will have Nicola Willis or sorry on the Huddle
not the Herald, and we'll have Nicola Willis after six o'clock,
somebody has said, I wonder what side of the fence
the political offense. You all guests are from left or right.
One of them swing VI's left, the other vers right,
although they can both surprise you on occasion, but that's

(01:05:44):
generally how the huddle operates. But I have to say,
this whole Trump thing is not our left right debate,
really is that? I mean? Because even on if you
think of the right, even the Republican Party, they're not
traditionally economic protectionists, are they They like free trade and
a lot of people in the Republican Party are quite
upset with the way that Donald Trump is imposing these tariffs.

(01:06:07):
So it's not a strict left right issue this one.
It's kind of a murky, weird one. Coming up to
six o'clock News Talks, there'd be Niicola Willis next.

Speaker 3 (01:06:20):
Stay. Oh aren't you I need you Olga, H need
these beautiful things that are keeping track of where the
money is flowing.

Speaker 1 (01:06:35):
The Business Hour with Ryan Bridge and Insurance and investments,
Grow your Wealth, Protect your future News talks.

Speaker 2 (01:06:43):
At be good evening it is seven after six News Talks,
there'd be Shane Sully here on the markets in just
a second. It's worth three hundred and fifty million dollars
to us. This is our exports to the US wood
processing and manufacturers are celebrating the fact we do have
an exemption from Trump to tariffs on that particular industry,
one of very few to have one. They are with

(01:07:04):
us after six thirty. And Gavin Gray's in the UK
right now, Nicola, what is fine, it's mister, good evening,
Good evening, Ryn, Good to have you on the show.
The defense plan that we've had announced today. So how
much of this because I spoke to Juuth Collins earlier
she said it's about twelve billion dollars, three billion of
depreciation then nine billion left over over four years. How

(01:07:24):
much of it is capital versus operational expenditure? How much
are we spending on helicopters and things as opposed to
day to day Well, it will be.

Speaker 18 (01:07:33):
A mixture of the two. And you'll see our first
announcements in that regard in this budget, and you'll see
a clear commitment from US to meeting the commitments we've
made in the Defense Capability Plan. It strikes the right
balance between on the one hand, providing a meaningful response
to what's clearly a deteriorating security environment, but also being

(01:07:54):
deliverable and being affordable and compatible with our fiscal strategy.
So every investment will be made on a budget by
budget basis, because we still have to see a good
business case for each individual item of kit. But we're
confident that we can deliver the plan as envisaged in
the Capability Plan within our budget constraints.

Speaker 2 (01:08:14):
So you what within your operating allowance.

Speaker 18 (01:08:19):
The combination of our capital and operating allowance, And of
course what people often forget is that our operating allowance
is not just the money that we've put aside for
new spending, it's also any reprioritization that occurs across government
that frees up funding for our more pressing priorities. And
our pressing priorities include defense, education, health, and our law

(01:08:42):
and order. So those will continue to be priorities in
future budgets totally.

Speaker 2 (01:08:46):
But you've got to understand, I mean, your operating alliance
is what two and a half billion, and then you're
talking here about, due to Colin's numbers, two point twenty
five billion a year.

Speaker 18 (01:08:57):
That remember ruse of we also have a we also
have a capital allowance of more than that of three
point sixty five billion indicatively, although that will fluctuate from
year to year. And so between those two allowances and
our commitment to ongoing reprioritization and savings, we've judged that
this plan is compatible with our fiscal strategy, and as

(01:09:20):
I say, the proof of that will be in this
upcoming budget, where you'll see a significant commitment in defense
spending alongside us keeping to our fiscal strategy. Keeping within
those allowances.

Speaker 2 (01:09:33):
Will there be reprioritization from aid money.

Speaker 18 (01:09:38):
That is not in the plan to fund the Defense
Capability Plan, but of course the Minister of Foreign Affairs
on an ongoing way will always be looking to get
the maximum value out of our aid investment offshore.

Speaker 2 (01:09:52):
There will be a lot of people who'd be disappointed,
particularly in the Pacific, if we're ripping aid out while
the States is too, And as I.

Speaker 18 (01:09:58):
Say, that is not part of our plan to deliver
on the Defense Capability Plan. We're not proposing to reprioritize
aid funding towards the Defense Capability Plan, and.

Speaker 2 (01:10:06):
We're not going to have to borrow for the defense plan.
We're not going to have to delay surplus because of it.

Speaker 18 (01:10:11):
Either well, we can deliver it compatible with our current
fiscal strategy, which as you know, is to get the
books back in balance within the forecast period, is to
ensure that over time we're getting our debt back down,
and to ensure that we're reducing our overall spending as
a proportion of our economy, our government spending. So it's

(01:10:32):
compatible with all of those objectives, you can imagine. I
have worked very carefully through it to make sure that
it is affordable and deliverable, and I'm satisfied that it is,
as is the Cabinet, that this is a very important priority.
It is if you look around the world, we're.

Speaker 19 (01:10:48):
All giving to do it.

Speaker 2 (01:10:49):
I guess it's how important? Is it important enough that
you're willing to borrow more in order to get there?
I think that's what people will be wanting to know.

Speaker 18 (01:10:57):
Well, not beyond what we were already posing in our
fiscal strategy. I think it's important to remember that right
now the country is running a deficit, so we are
borrowing right now. So I'm not pretending that that's not occurring.
It is occurring. Our plan is to get the books
back and balance over the next few years. We're working
hard to do that, but in a sustainable way, because
we don't want to crash the economy on the way

(01:11:18):
through the.

Speaker 2 (01:11:19):
Terriffs from Donald Trump that are coming through, and it's
going to be more of an indirect effect on us.
But have you had any hard numbers get in terms
of estimates from officials about what it might do to us?

Speaker 18 (01:11:30):
Look, I have been getting ongoing updates from official situation
updates because obviously this is a significant global economic event
which still has uncertain implications, but undoubtedly profound implications for
New Zealand. We will finalize our economic forecasts, which then
feed into the budget in the next few days. I

(01:11:51):
expect to be briefed on them soon. Of course, the
major effect is the estimate that global growth is going
to be lower than had been predicted. That has a
run on effect for New Zealand's growth projections, and so
you will expect that to be reflected in our budget updates.
And I am going to continue to be updated on
that and I do intend to keep New Zealand as

(01:12:14):
updated on the significant material developments for our economy.

Speaker 2 (01:12:18):
Can you update us some what your officials are telling you?

Speaker 18 (01:12:21):
Yes, what they're telling me is that it is likely
that the tariffs are going to reduce overall estimates of
global growth, and that that will therefore reduce our forecast
growth in the New Zealand economy, which, as you can
work out, means potentially less revenue for New Zealand, which

(01:12:42):
is obviously a significant economic effect that we need to
be prepared for.

Speaker 3 (01:12:46):
And we are prepared.

Speaker 18 (01:12:47):
We are aware, we're keeping it monitored, we're prepared, and
we're also resolute that now more than ever, it's important
that we be backing our exporters, that we be backing
our domestic growth settings, and that we retain confidence in
the New Zealand investment proposition, which remains strong. We're a
multilateral trading country with many options for where we send

(01:13:09):
our products with a stable economic environment.

Speaker 2 (01:13:12):
What by how much?

Speaker 18 (01:13:15):
By how much?

Speaker 2 (01:13:16):
In relation to what to our growth?

Speaker 18 (01:13:19):
As I say, Ryan, I haven't had the precise update
in terms of the financial forecasts that will be in
the budget, but I expect to be updated on that
over the coming days.

Speaker 2 (01:13:31):
But are they giving you estimates? They must be giving
you estimates, like you know, half a percent of GDP
for the next year or something. I mean, they must
be giving you some kind of number, and if they are,
why don't we get to know?

Speaker 18 (01:13:43):
Well, of course, it depends on what they ustimate the
decline and global GDP will be. For reference, Treasury research
in the past has indicated that if there's a one
percent decline in global GDP, that can reduce New Zealand
GDP by up to zero point three percent. But of
course there's a number of other factors in there, because

(01:14:04):
it depends on our commodity prices, and it depends on
how much we think we will be exposed to that
global GDP impact, and it depends on the estimate of
what they think the global GDP impact will be. And
as you appreciate everyone around the world, I'm still waiting
to work out what is the impact of global GDP
complicated picture.

Speaker 2 (01:14:23):
I understand that. Okay, so we're predicted to grow what
is it, one point four percent this year and then
two point seven this is off memory in twenty twenty six.
Will are the numbers you're hearing enough to put us
back in recession?

Speaker 18 (01:14:37):
No, I haven't heard anything that makes me think that's
the case at this stage. But as I say, this
is a developing situation, and so what we need to
do is remain aware of what is happening and then
be analyzing what that means for New Zealand. But no,
I don't think that's the case. And of course there
have been other factors since those previous forecasts were put out,

(01:14:59):
some of which have been positive factors. So there's ups
and downs, overs and unders, and I intend to keep
people updated.

Speaker 2 (01:15:05):
The elder situation. You had any update from them.

Speaker 18 (01:15:10):
No, I haven't. Of course, we have requested that they
respond to our request for their interest in our market,
and look, there's no guarantee that they will respond. I'd
be very keen to see them do so, along with
Little who are another hard discounter who internationally where the
invented markets have brought grocery prices down. But ultimately whether

(01:15:31):
they respond to New Zealand's call is up to them,
not up to me.

Speaker 2 (01:15:35):
Have you have you specifically? Aren't? It seems old that
I mean, they're the big one you want and they
haven't even replied. Have they done it? Have they just
seen you on on? Have they left you on scene?

Speaker 11 (01:15:45):
No?

Speaker 18 (01:15:45):
To be clear, my officials have been asked to write
to them requesting that they respond to our request for
information process and I haven't.

Speaker 2 (01:15:54):
Well, I take rock out of supermarkets. This is not
the way to go about it, Nicolas.

Speaker 18 (01:16:00):
Look, i'd disagree, Ryan, because there's still a few weeks
to go on the process, and we'll have an update
at the end of the process as to whether or
not they've responded.

Speaker 2 (01:16:08):
Now, Adrian, or how come your press secretary prepped you
for a question about Adrian or raising his voice?

Speaker 18 (01:16:18):
Oh, look, I wouldn't read too much into that. That's
just press secretaries imagining the sorts of questions that I
might get asked.

Speaker 2 (01:16:24):
Did they often imagine that people raise their voice and
meetings with you? Or was it just Adrian?

Speaker 18 (01:16:30):
I think that this is just press secretaries anticipating you,
wiley journalists and the broad range of questions that you
ask in a range of circumstances, and getting me prepared
for questions I might be asked.

Speaker 2 (01:16:42):
Did he ever raise his voice with you?

Speaker 18 (01:16:44):
No, as you can imagine, we had robust exchanges, as
I do with a range of officials, But I don't
recall him raising his voice.

Speaker 2 (01:16:54):
And you would, I'm assuming Why could a medical school
very quickly there is apparently going to be an announcement
this the or cabinet was making a decision or discussing
it today. Is that correct?

Speaker 18 (01:17:05):
A cabinet hasn't made a decision on that matter. As
you know, we are considering a detailed business case in
the future. We haven't had that discussion yet.

Speaker 2 (01:17:15):
Okay, really appreciate your time, minister. Thank you very much.
Nikola Willis Finance Minister. Here Every Monday seventeen after six it's.

Speaker 1 (01:17:23):
The Heather Duper See Alan Drive Full Show podcast on
my Heart Radio empowered by News Talk.

Speaker 2 (01:17:29):
ZIBBI News Talk zb It is six twenty Shane Solely
Sea Harbor Asset Management Shane. Good evening, good evening, right,
good to have you on. So the big falls over
the in the US obviously at the end of last
week and then we had the index down today. We
had the AX down today, that's come back somewhat. We've
had Asian shares down. How did the insdets finish today.

Speaker 20 (01:17:51):
Yeah, we were down about three point seven busy. It
was quite a broad sell off today, Ryan weakness. Really
the market was dragged down for Fish and Bugle, Healthcare,
Orkney or Infantol, main freight contact. But there was a
very few stocks that were in green. Very few stocks
that went up today. Excuse me, but yeah, excuse me.
Hong Kong was the weakest market today, down twelve. They're

(01:18:11):
catching up the rest of the world after a couple
of days of holidays, so they're definitely caught up quite fast.

Speaker 2 (01:18:18):
And what is your take on why we had blood
living on the Thursday and then we had even more
on the Friday, and then here in New Zealand and
in Asia we've had even more again? Is it because
perhaps everyone was thinking, oh, Trump will pull back and
he'll negotiate, and then over the weekend the retric was not,
We're sticking to our guns. Has that made things worse?

Speaker 3 (01:18:39):
Yeah?

Speaker 20 (01:18:39):
This reciprocal tariff actions are really putting pressure on so today,
over the week we've had China and tomorrow apparently the
European Union going to come out with some response to
the tariffs, and it's really excuse me, right, putting pressure
on people's expectations of capitulation. What we did see today though,
is the Vietnamese government come out so, yeah, we're going

(01:19:00):
to remove all tariffs on you as imports. That's the
first gliment we've had of a deal. So when we're
looking for a circuit breaker. You know what gets us
out of this? It is potentially deals like this. Of course,
the other one being cuts by central banks and interest rates.
But we're a little way away from that.

Speaker 2 (01:19:16):
Yeah, and what about a circuit breaker? I mean, hopefully
things like that would keep happening. But what do you
think it would take to stabilize the market.

Speaker 20 (01:19:24):
Look, I think the market itself is putting pressure on
the regulations. It's putting pressure on the people that are
making policy changes. But we do think it's about literacies
and deals, let's saism trade deals. It's also about can
these central banks cut rates? There's definitely plenty of room
for the central banks to cut rates, excuse me, And
of course our central bankers you do report Wednesday this week,

(01:19:46):
and they should be cutting rates. Whether they cut heavily
is probably unlikely, but that's the sort of thing that
we'll see investors revisit markets.

Speaker 2 (01:19:54):
All Right, we better leave it there, Shane. You're go
and having glass of water, solely have resset management. It
is twenty two minutes sixties took v. There is an
exemption for our woods producers and manufacturers, and we're going
to talk to them after six thirty, because yes, it's
good that they've got an exemption, but how long does
something like that last?

Speaker 1 (01:20:13):
Everything from SMEs to the big corporates, The Business Hour
with Ryan Bridge and Plans, insurance and investments, grew your wealth,
Protect your future, news Dogs EDB.

Speaker 2 (01:20:25):
So we've had the latest one news Varium Pole. We'll
get you across at National up two to thirty six,
Labored down one to thirty two, Green Steady on ten,
AX Steady on nine. New Zealand first on seven they're
up too, and Multi Party is on three down one.
So on these numbers, the coalition has the numbers to govern.
So basically everything that happened in the last couple of

(01:20:47):
polls or excluding the taxpayers one or was it the
RNZ one actually that had National back ahead, There was
just a couple there that said labor of well the
left block could have governed the preferred PM. Luxen is
on twenty three, up one, Hapkins is up three on twenty.
Winston Peter's up two on seven, Chloe Swarbrick's on four.

(01:21:09):
She's down to David Seymour on three he's down three.
The interesting thing for me about from all of these poles,
because they're all pretty much of a muchness, really, aren't they.
The left block a little bit of head, the right
block a little bit ahead. When it comes down to it,
no one's going to want the Greens and to Party
Maori in the hot seat, particularly if we are still

(01:21:30):
recovering from recession, turning up backs on recession and Trump
is launching trade missiles across the world. Do you want
Chloe in there? But the interesting thing for me is
Winston Peters has been a real star of these recent poles,
including the Taxpayers Union pole where he was up three
or four points to thirteen for preferred Prime Minister, never

(01:21:52):
been above ten previously, So people liking the cut of
Winston's jib. Speaking of which we talk Wood next.

Speaker 3 (01:22:01):
If it's to do with money, it matters to you.

Speaker 1 (01:22:04):
The Business Hour with Ryan Bridge has mairs, insurance and investments,
Grow your wealth, protect your future.

Speaker 3 (01:22:11):
News talks eNB.

Speaker 2 (01:22:24):
Get even in twenty five away from seven News Talks
ZB the Greens that we were talking earlier about whether
free trade is a left right issue, I mean certainly not.
In New Zealand. Both political parties, our main political parties
at least are on the same page when it comes
to free trade, and we've had to kind of bipart
as an agreement on it for decades now and it
has been much to our benefit. But you look at

(01:22:47):
in the United States and the Republican Party, there's a split, right,
You've got your economic protectionists like Trump, who were wanting
to put tariffs on everybody everywhere all the time, and
then you've got free traders in the party as well,
and there is a divide emerging there. But just I
went and looked in the Green Parties policies today on

(01:23:07):
their website. This is the Green Party Trade and Foreign
Investment policy, and all of their policies start with honitory,
honoring tatidity or waitangi, and ecological wisdom and social responsibility.
But if you go down a few pages in you
get to the detail point paragraph A Tariff's Quotas and

(01:23:28):
Subsidies four point two, you will find a sentence that reads,
the Green Party supports the option of using an across
the board tariff to address a balance of payment problem.
So the Greens and Trump also on the same page.
Bad breach twenty four minutes away from seven now a

(01:23:50):
local exporters They are for now breathing asigh of relief.
The global timber industry will be immune from sweeping tariffs
imposed on most of the world dark week. This is
to help America with home building and they successfully lobbied
Washington for this. He's had an exported about three hundred
and sixty million dollars worth of radiator pine and to

(01:24:11):
the US last year, about six percent of our overall
timber exports. Wood process As and Manufacturers Association CEO Mark Ross,
he looks after our wood industry and joins me.

Speaker 21 (01:24:22):
Now, Hi Mark, good day, Ryan, and thanks bringing on
your show.

Speaker 2 (01:24:27):
Good to have you here.

Speaker 8 (01:24:28):
So what.

Speaker 2 (01:24:30):
First of all, were you surprised that there was an
exemption given?

Speaker 21 (01:24:34):
Oh, lord, not totally surprise. One of the main reasons.
They've got a Section two three investigation on which is
looking at the too many effects imports of timber and
lubber have on the United States supply chain. So that's
only just close off on the first of April. In
a way of submission, that inquiry is going through till
probably November. So in the interim they've put this exemption

(01:24:57):
on timber and lumber being imported into the US and
also our power of the lobbyists in America who actually
helping our cause, local home building Associations and the Building
Materials Alliance. They're lobbying White House hard to make sure
that imported some of that can still come into America
as a means of keeping house prices done.

Speaker 2 (01:25:18):
This is our third light. I mean, should we need
to pay a tariff? Well, actually, if they do put
the tariffs back on and they take away this exemption,
presumably we would be in a better position than others
because our tariff rates only ten percent.

Speaker 21 (01:25:35):
Yeah, I hopes so too. In the products we supply
they actually need. Look, there's no pinustrating out a processing
in men in America, so we supply products that go
straight into the do it yourself in the home market,
and the high quality products are the durable and the
appearance gave products and they love them, and then they
really want us to keep exporting those. So, yeah, just

(01:25:57):
staying the market's growing thirty percent in the last five years,
so we're really hoping that, you know, we're not the target.
Canadians and Mexico eighty five percent of the US imported
kimber market. That's sort of the targets, and we're hoping
we make it. You can slip by, but it's a
long shot that for now here.

Speaker 2 (01:26:17):
Yeah, would that be your main competitor would be the
Canadians going into the US.

Speaker 21 (01:26:21):
Oh, I know that not on the products that we export,
but just generally, you know, they export a lot of
lumber into the US, you know, to Chump's having a
bit of a gar of late.

Speaker 2 (01:26:31):
Yeah, it doesn't like Canada. I don't know what they've
done wrong, but something pretty bad. All right, So this
is all kind of fine for you guys at the moment.
You'll you'll watch and see how it goes. What about
the six percent that we do export there? If you
needed to redirect it would be Would that be relatively
easy to do? Because I know number one is trying
to write Number two is Australia and then number three

(01:26:53):
is the US.

Speaker 21 (01:26:55):
Yeah, and it would be pretty hard. The companies that
export there is about fifteen to eighteen New Zealand businesses.
They've worked really hard to get those markets and they've
actually spent a lot of time on the ground building
them up, and some of them actually sort of unique
to the US. So it'd be really hard to substitute
those markets. You know we're doing a lot more to

(01:27:15):
Asian now to parts of Vietnam and Philippines for example,
But yeah, yeah, we we'd love to retain it the
US market and if we can main tariff exempt, it'll
be great.

Speaker 2 (01:27:27):
And what sort of stuff are we actually sending you
mentioned like, is it home DIY stores that kind of thing.

Speaker 21 (01:27:34):
Yeah, yes, it's like a parents' grade timber. It's for example,
there's products going in like prime treated durable pine sightings
and trom boards, so it's quite specialist construction products. And
you know the durability when they've been treated as fairty
as plus versus the local cedar and Edward products which
are so durable and don't take the treatment so well.

Speaker 11 (01:27:55):
So.

Speaker 21 (01:27:56):
And also we do long clear board, so we proNT
our pine trees. We got great story to tell about
a sustainable pine plantations, but that's another story. But you
leave it and you get long clear timber, so they
don't have any knots in their appearance grade and they
look great on the houses and that you can see
that around your selling as well. Yeah, we've just got

(01:28:18):
a realiniche Smarke at.

Speaker 2 (01:28:18):
There, brilliant long mate, last Mark, thanks for coming on
the show. That's Mark Ross's CEO of the Wood Processes
and Manufacturers Association of New Zealand. It is nineteen minutes
away from seven. Will be in London next.

Speaker 3 (01:28:28):
Croaching the numbers and getting the results.

Speaker 1 (01:28:31):
It's Ryan Bridge with the Business Hour and mes Insurance
and Investments, Grew your wealth and protect your future news Dogs.

Speaker 2 (01:28:39):
That'd be sixteen away from the seven. I love a
good tif between Disley Simpson and Wayne Brown because there's
these rumors about is she going to run for me?
Because he's running for me again obviously, and she's been
wanting to run and wanting to run and this might
be her last chance to run and blah blah blah. Anyway,
she hasn't said yet whether she's going to run or not.
But apparently he rang Simon Wills from The Herald and

(01:29:01):
said of Disley Simpson and all she thinks about is
how to this because you know she was wears the
Gucci sunglasses on her hip forehead. All she thinks about
is how to help people buying their next Lamborghini. You
know she's from the fancy suburb in Aucklandon. She wears
the Gucci sang glasses anyway, he's apologized for that, so

(01:29:23):
I don't know. We'll just wait until we get the
next serve, really, won't we It's sixteen away from seven
Ryan Bridge. Over in the UK, the Brits have wanted
by twenty thirty to stop selling petrol and diesel cars.
They banned it in fact. But Kis Starmer has done
a speech. It could all change. Gavin Gray, a UK correspondent,
Gavin good evening.

Speaker 19 (01:29:41):
Hither Ryan, Yeah, it's going to be an interesting one.
Where do you to hear from him? Shortly? This is
all about trying to help the car manufacturing industry here
in the UK survive those tariffs that America imposed. America
a very very big market for the UK car industry.
So what we believe Kis Starmer will do is while
keeping that general twenty thirty ban on the sale of

(01:30:03):
cars powdered by petrol and diesel, keeping that in place,
these targets for every year until twenty thirty, saying how
many electric vehicles must be sold by each manufacturer before
they get fined. Those are likely to be relaxed. So
currently we have a system where each manufacturer is told
you have to sell this many electric vehicles. If you

(01:30:25):
don't sell this many, then you basically get fined, and
that's led to some of them having to almost stop
the sales of petrol and diesel cars that they might
have sold in order to push and promote the electric vehicles.
We believe Sekirstarm is going to change that. We also
think that he's going to look at trying to put
safeguards on the steel industry here, and the big theory

(01:30:48):
is that we will become, along with other nations, are
dumping ground for steel, cheaper steel, particularly from China that
will no longer get into America. So we're expecting the
announcement of some kind of safeguard there, and we also
think they're going to bring forward investment announcements now in
order to try and get the country growing using the
steal that we've got and trying to keep people in work.

(01:31:11):
We also are waiting to hear We understand that the
apparently the government believes a deal a trade deal with
India is now not far away, with the pressure particularly
on India as well hit by a twenty six percent
tariff by the US, and we believe that deal could
well be announced over the coming weeks. But pressure to
get that deal done and get it done quickly.

Speaker 2 (01:31:31):
All right, what about these two UK in peace. What's
the story with them. They're trying it into the occupied
wisk Bend, going through Israel and denied intry to Israel.

Speaker 3 (01:31:40):
Yeah, that's right.

Speaker 19 (01:31:41):
So Abtizam Mohammad and yuang Yan both were on a
trip to the occupied West Bank. They said they wanted
a witness first hand the situation and were stopped at
the airport. Now Israel said that, you know, we believe
these two were effectively going to create speech that would
have caused a great deal of concern and might have

(01:32:03):
been of significant security concerns to their country. And both
have made speeches in parliament criticizing the situation in Gaza
and heavily criticizing Israel. But the idea that two existing
members of parliament are deemed good enough for Parliament but
not deemed good enough to enter Israel has caused, as

(01:32:23):
you can imagine, quite a bit of shock. They said
they were in shock, and the Foreign Secretary says that
it's been really poor judgment by the Israelis to do
this and very concerning. But interestingly, the leader of the
Conservative parties have said, well, Israel's got every right to
defend their and control their own borders, and the fact
that we've got a couple of labor MPs who can't

(01:32:45):
even get into a certain country is really really worrying.
Now people have roundly condemned her, saying she should be
supporting free speech, she should be supporting this pair either way.
A bit of a model run.

Speaker 2 (01:32:57):
You've got a new title to the River Thames too,
haven't you. Yeah?

Speaker 19 (01:33:03):
Expensive though, so these new tunnels pretty few and far between.
This one called the Blackwall Tunnel set in East London
meant to really ease congestion over the very very significantly
busy roads that affect it and the Blackwall Tunnel nearby.
And so this new one called the Silvertown Tunnel is

(01:33:23):
going to link East London to Southeast London. It comes though,
at a cost of almost five billion New Zealand dollars.
How are we going to pay for that? Well, it's
done by private finance, meaning everyone that uses it is
going to have to pay a toll. Interestingly, the toll
varies according to the time of day and the day

(01:33:44):
you want to use it. They've decided this new sort
of system of pricing is the way forward called dynamic
pricing here, and they say it will significantly reduce journey times,
taking some twenty minutes off that journey through the old tunnel.
But environmentalists not happy, saying it's encouraging people to use

(01:34:06):
the car and not bicycle or any other mode of transport.

Speaker 2 (01:34:10):
All right, Gavin, thanks for that. Appreciate your time, Gavin Gray,
a UK correspondent. It is eleven away from seven NEWSTALKSBB.

Speaker 1 (01:34:17):
It's the heather too for see Alan Drive Full Show
podcast on iHeartRadio powered by News Talks EBB.

Speaker 2 (01:34:24):
News TALKSZBB seven Sorry, eight minutes away from seven o'clock.
A couple of things to run you through. Tory Faro
has successfully got herself back on the Green ticket to
run for mayor of Wellington once again. She says I
am the right person to keep delivering for our city.
What exactly does delivering mean to people? I don't know?

(01:34:45):
Couldn't I mean people say she couldn't deliver pizza. This
is some of the quotes from here. We've worked hard
to deliver for Wellington. I'm proud of the progress we've
achieved in the last two years on water infrastructure, housing
and climate resilience. I mean, you've been ripped off to
the tune of millions of dollars for your pipes and
the ground is still leaking. I want to see our

(01:35:07):
city thrive with affordable housing and transformational projects that delivers
a fish and public transport, a full cycle way network,
and pedestrian friendly streets. So if you're in Wellington and
Tory Fannero becomes your mirror again, you're green mare again.
No less than you have yourselves to blame. And I
know there's students there who vote and no one else does.
But the point is, if you don't like this, and

(01:35:29):
every time I go to Wellington, people say to me,
we hate this. We're not and everyone thinks we're this
green city. Well we sort of are, but most of
us don't like this stuff, and it's been done in
a way that's undemocratic and is wasting everyone's time and
money and making the city unmovable. Then do something about it.
Go and tell a friend to vote, you know what

(01:35:50):
I mean, Go and actually vote, don't just whinge about
it on the street. This is an interesting stat about
China and America. Trump hits China with a thirty four
percent tariff. But remember he had already put twenty percent
onime for fentanyl, and they already had twenty percent existing.
That takes the tariff rate to around seventy five percent

(01:36:13):
anything coming out of China going to America seventy five percent,
which is extraordinary. They reckon China's exports to the US
will have so they're not insignificant numbers, are they. And also,
how do you then negotiate with somebody who's almost slapped
one hundred percent tariff on your goods. It's not exactly

(01:36:34):
a friendly starting point is it for China? For Beijing
and Washington to sit down and have we chat? But
chat they will apparently, we'll see how that goes. Anyway,
Thanks for being with me today and thanks for all
of your feedback, all of your emails. Always appreciated. We'll
do it all again tomorrow. And what are we going?
What are you feeling for?

Speaker 13 (01:36:53):
I've got some Mariah Carrey for us today, Ryan, just
before I get to the song, and the reason we're
going to do Mariah Carey today is that her Rocky carry.
He actually streams on Twitch, so he plays video games
and you know, live streams on Twitch and stuff, and
he was doing this the other day and he obviously
in his bedroom on his on his gaming computer, and
there were a couple of other twitch streamers on the

(01:37:14):
same stream with him, and his mum and his sister
came in the room. So at first he was like, oh,
go on, mum and sister come and come into the shot.
And then of course as soon as they did, everyone
was like.

Speaker 2 (01:37:24):
It's Mariah Carey. Oh him, Mariah.

Speaker 13 (01:37:25):
Carey, and of course he's He got completely embarrassed and
unfortunately then asked Mariah to leave the room.

Speaker 8 (01:37:30):
Okay, you only to get out now.

Speaker 22 (01:37:31):
Does everybody get up?

Speaker 11 (01:37:32):
Mom? Make you see you're.

Speaker 2 (01:37:35):
Saying, Hi, Mariah, I love you.

Speaker 3 (01:37:36):
Oh my god, Rocky, can we stay high?

Speaker 2 (01:37:40):
Get out of my room. So he didn't know what
but just did no, no one know that.

Speaker 13 (01:37:47):
He does say on the twitch bio, I am Mariah
Carey's son, because you'd have to you'd have to clear
that up. But still, but your classic, you know you
you're you're embarrassing mum comes in and ruins your twitch stream.
I mean everyone has to relate to that.

Speaker 14 (01:37:58):
Surely.

Speaker 2 (01:37:59):
By the way, for the listening, you don't know what
twitch is, It's the gaming live stream. Yeah.

Speaker 13 (01:38:04):
YouTube, you don't even have to play video games. Really,
it's just a website where you watch people live stream
things and mostly what people live streamers then playing video games.
But in this case obviously there's a camera on Rocky
and you can see them in his room and.

Speaker 2 (01:38:15):
Stuff like that. They're funny, all right and nice one.
We belong together, but marias take us out there.

Speaker 22 (01:38:22):
I gotta tag the station store, turn the gutch on
the cat sprek and then a here baby, I only
think of you wing my part. I'm trying to keep
it Keevin, but I'm falling a lot of my element
going things, trying trying to put up with hellowhare on

(01:38:44):
the p.

Speaker 2 (01:38:48):
I need to let you back in my life.

Speaker 7 (01:38:52):
Well your loven.

Speaker 22 (01:38:54):
Lot of part of me? You s so mutub a
b baby thing along? Who's the modeling? No one times here?
Who's gonna talk to me?

Speaker 21 (01:39:09):
When to walk to the sun does?

Speaker 3 (01:39:11):
Who is gonna take your place?

Speaker 22 (01:39:13):
There were nobody manable long to get up.

Speaker 7 (01:39:19):
Bab al Agama.

Speaker 17 (01:39:39):
Take the money.

Speaker 7 (01:39:43):
Bable log.

Speaker 3 (01:39:57):
For more from Hither Dupless Allen Drive.

Speaker 1 (01:39:59):
Listen to news talks it'd be from four pm weekdays
or follow the podcast on iHeartRadio,

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