Full Show Podcast: 09 December 2024

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
Pressing the newsweakers to get the real story. It's Ryan
Bridge on Heather duplic Ellen drive with one New Zealand
let's get connected news.

Speaker 2 (00:10):
Dolf said, b.

Speaker 3 (00:14):
Good evening, I'm Ryan Bridge and the Heather. Great to
have your company this afternoon. Just gone seven after four
our lead interview after five this evening, Nikola willis she
is cracking down on the banks and powering up Kiwi Bank.
Exactly what is she doing? She's live with us after
six plus we'll have reaction. Just after five Syria. We're
to next. We speak to the former US ambassador there,

(00:35):
plus the cops. They've got targets for drink driving and
drug driving and for speeding, and they have missed one
of those targets. We will tell you which one. And
David Seymour is dancing off the back of a new
poll result out this afternoon. I'll have you details on that.
Shortly said be teenagers arrested carjacking with machette in Hamilton.

(00:57):
Two of them escaped from boot camps. Goodness me, what
a headline. And that's what we read at the weekend.
It's all alleged at this stage, but very serious. Alleged offending,
and while some were in the community phase of their
boot camps, at least one reportedly escaped while on supervised
compassionately to attend a funeral. Clearly, the answer here is

(01:19):
a little less compassion, no more escorted trips to tonguey.
In situations like this you have to double down. If
you cave at this point, you'll be walked all over.
Of course, if you listen to those on the let's
call them what they are on this issue, at least
extreme left, these offenders, albeit young offenders, shouldn't be in
boot camps at all. And everything is David Seymour's fault,

(01:41):
which is all a total cop out, and we'll get
to that in a second. Generally, though, criticism of OT
and the state are valid in situations like this. The
state is crap at most things that it tries to do,
namely five excellent services you get from the government. Yes,
they exist, but they are rare. If the state ran
Domino's Pizza, eat your arm of Hunger before they managed

(02:02):
to deliver one to you. So boot camps and OT
are not perfect solutions, but they were never going to be.
Were they The backups? A backup to families and communities
that failed us, that failed those kids, and those kids
went on to make bad choices and wound up carjacking
with machelles allegedly on the streets of Hamilton. The order

(02:23):
of blame here, despite the nonsense from some ought to
be one the individual involved. It's not fair to blame
the parents first. Sometimes good parents just can't control their
unruly teenagers despite how much they try. Number two the parents,
you have the kids they yours to raise properly. Number
three society, because yes, we all play a role in

(02:46):
raising the next generation of children. And four the state
and its response. This must come last, because that's exactly
what it is, a response to the failings See one
through three. It's easy to blame David's team, but the
easy answer isn't always the right one. To get these
kids into a place where we all want them to

(03:07):
be bright and successful and thriving, the buck must stop
first at the bottom, not the top. Z be or
Can Transport has been forced to take down ads that
encourage people to bust to the mall after pushback from
small businesses. The posters were put up throughout all small
retail villages saying jingle bus jingle bus jingle to the mall.

(03:29):
Excuse me, this is terrible, but it continues. Oh what
fun it is to ride with no parking queues at all.
Moys Shore is with us. She's the k Road business
owner and chairperson of the CA Road Business Association. Moy
good afternoon, Good afternoon. What's wrong with that jingle? It
sounds like inspired.

Speaker 4 (03:49):
Inspired if you work at the malls or work the malls,
but it's a bit of a kick in the so
if you're a local business owner and the local business precincts,
so yeah, it's not good at all. It tarnishes the
relationships with business districts and Auckland Transport, so it takes

(04:09):
away the customers from local businesses and takes them to
the mall where you know, the malls make huge amounts
of money and and it appears that Auckland Transport almost
bent on making sure that the malls make even more money.
So it's really really unfortunate that they've put all those
posts all around Auckland, especially in our local precincts like Kingsland.

Speaker 5 (04:36):
Right right in your Face's put that right in our face,
over our face.

Speaker 4 (04:41):
It's not good at all. It's a bit of a
kick in the gap.

Speaker 3 (04:44):
Do you worry though, because this is essentially what they want,
isn't it. You know Auckland transport and you know they've
been sort of emasculated just recently, But this is what councils want.
They want us to be getting public transport to one
big area to shop, rather than you know, all driving
cars to go to lots of different places like k Road.

Speaker 4 (05:03):
No. No, I mean, if you've got public transport, you
can get public transport to your local shops. You know,
we've got some pathtic local businesses. They're offer great Christmas gifts,
you know, So I would actually push back on that.
You know, yes, they are trying to, I agree, get
us out of our cars. But if they trying to

(05:26):
get us out of our cars and to buses or
trains and whatnot, then they can clearly advertise to go
to your local shops to get your Christmas gifts or
cues there. So you know their strategy, their way of
thinking is not quite right, and I think it doesn't
help when they clearly advertise to go to them all.

Speaker 3 (05:48):
It doesn't help you guys. I can see exactly where
you're coming from. Moy do they get some brownie points
for taking the post. I understand they've partially covered up
some of them and they are taking the rest of
them down. Do they do they get some brownie points
from you for that?

Speaker 6 (06:03):
No?

Speaker 4 (06:04):
No, not at all, not at all. The damage has
been done. The post is you know that thing up.
People have seen them that they're not small, they're huge.
You know, the damage has been done. Really, Auckland Transport
need to give some good faith back to local businesses
and maybe perhaps put free busses to the local shopping

(06:28):
centers or maybe double the advertising to go to your
local shopping centers, you know, and support your local businesses.
So I don't think just covering them up is a
sign of any good faith. It's like, oh, we've really
screwed up here and let's try and rectify a mistakes

(06:48):
by covering it up. That's not really any brownie points.
Is the damage has been done all right?

Speaker 3 (06:53):
Boy? It sounds like there is no redemption from you.
I appreciate you your time, Merry Christmas, and I hope
that you take up some business off the back of
this interview. Moyture with us. She is the k Road
business owner and chairperson of the cak Road Business Association
in Auckland, the Council of there basically putting up posters
saying go to the mall and you can understand why
she wouldn't like that. It is just gone fourteen after four.

(07:15):
You're on Newstalk SEDB.

Speaker 1 (07:18):
Who will take the White House results and analysis of
the US election on Heather Dupless Alan Drive with one
New Zealand let's get connected Newstalk SB.

Speaker 3 (07:30):
I'm Ryan Bridge and for hither you're on News Talks Hebb.
It's just gone sixteen after four. Great to have your
company this afternoon. What a poll for the ACT Party.
We've just had the latest and final for the year.
Taxpayer Courier Pole, the taxpay union carrier Pole National down
four point six points. That's on thirty four point two percent.
Labor down also four point six points on twenty six

(07:53):
point nine percent. Where is all this vote going? Act
on thirteen percent up four and a half points. That
is an incredible result for the ACT Party. That is evidence,
i think the first evidence we have seen of tangible
payback for David Seymour from his treaty debate. Everyone has said, oh,

(08:15):
you know, he's a brat he's misbehaving. He needs to
get in line. No, that is four and a half
points worth, thank you very much. Take that to the bank.
And where has he taken them from? Luxen, the guy
who has been strengthening his rhetoric against the bill over
the last couple of weeks. So that is interesting. But
what's also interesting is to party Maldi is up three

(08:35):
points to five and a half percent. So what you've
basically got is a seven and a half point jump
in the polls. Shift in the polls because of the well,
I mean, this is what I think. We'll talk to
Barry Soper about it later on too, but shift in
the polls because of the treaty debate, and it's going
to the extreme ends of the spectrum. Eighteen after four.

Speaker 1 (08:56):
Sport with a new tab app downloaded today eighteen bet Responsibly.

Speaker 3 (09:01):
Jason Pine is with US spokes Talk Hosts a seven
pm tonight on News Talks. There'd be Jason Good, afternoon, Giddy, Ryan,
good to talk to you. Should Tim Sauvey play in
the test in Hamilton? What do you reckon?

Speaker 7 (09:11):
What a very good question, What a very good question,
one which I know a lot of cricket fans will
be pontificating about across the weak ahead. Look, I think
it all comes down to whether you favor sentiment or
whether you favor selecting the best side to win a
game of game of cricket. Because I think the first
tests are the first two tests have shown is that
Tim Souvey is not in the best form of his career. Unfortunately.

(09:34):
What's happened with the signaling of this as his farewell
valedictory tour just about is that I'm almost certain Ryan
they'll play him in Hamilton.

Speaker 3 (09:42):
Really, I'm almost certain that they will.

Speaker 7 (09:46):
I think so. I think so, And to be fair,
you say, okay, well they're two nil down, they can't
win the series. They can only lose three nils. So
maybe it doesn't matter, but actually it does matter. You
don't just give away test caps to people.

Speaker 1 (09:57):
I know.

Speaker 7 (09:57):
Look, I feel a little bit. Wouldn't say sorry for
Tim Soudy, but he's had a absolutely outstanding career, has
been one of our best all format cricketers for well
over a decade and a half and I just worry
about that legacy being tarnished a bit by what's happening here.
At the end, you think back a year.

Speaker 3 (10:16):
Neil Wagner was.

Speaker 7 (10:17):
Never given the given the you know, the the privilege
of having a fair well. He was basically told in
no uncertain terms that he needed to retire, whereas Tim
Soudi has been given this, this final tour where it
seems to be written in the stars that will play
in all three Test matches, regardless of conditions or match situation.
So yeah, look, I'm almost willing to bet my house
on the fact that Tim Soudi will play this final

(10:39):
Test in Hamilton. Whether you agree with that or not,
I guess it's a different story.

Speaker 3 (10:41):
Plus, there's got to be lots of other young ones
coming through that could do with the opportunity. Is that
you would have thought, yeah, as a young one coming
through here you are on the Drive show.

Speaker 7 (10:55):
You know these opportunities have to be handed out.

Speaker 3 (10:57):
You know, Hey, Jason, how have Auckland C got so
good so fast? I love this.

Speaker 7 (11:04):
I love this story and I love it as much
off the field as on the field. It was lucky
enough to be at go Media Stadium on Saturday to
witness the Derby and look Auckland f C played Sex
one six. I mean, you can't do much better.

Speaker 8 (11:15):
Than that.

Speaker 7 (11:16):
Just incredible from them, and I think it's down to
shrewd investment and ready engendering a passion in these players.
But off the field, twenty six thousand turning up. They
had the same number in their opening game. I saw
a stat today, Ryan. In four home games, Auckland FC
have got a bigger cumulative crowd than the entire two
season life of the New Zealand Knights twenty one home

(11:40):
games in two thousand and five, six and seven. Across
those twenty one games, Auckland f C have already beaten
that cumulative total in just four home matches.

Speaker 3 (11:49):
Incredible, it is incredible. Jason, thank you for that. I
love to talk to you. That is Jason Piness, sports
talk host seven pm tonight on News Talk CEBB. It
is twenty one minutes after four. You're on new talks.
He'd be great to have your company. Lots of your
texts coming in about this poll that's coming from the
Taxpayers Union if you're just joining US Taxpayers Curier Union
poll for December a lot of movement, big movement basically

(12:11):
national and labor both down Act and to Party Malori up.
The shift is down four point six points for both
National and Labor up four and a half. For the
Act Party up three to five point five four to
Party Maldi. And for those who were wondering about that
fresh water pole last week, remember the one that said
that Chippy Hippie Chippy was above Luxon in the preferred

(12:32):
PM stakes. Well this settles that debate. I think Luxon
is unchanged from last month. On twenty seven point one.
Chris Hopkins is well, actually he's up four point four,
but still only nineteen point nine percent. Twenty two after four.

Speaker 1 (12:48):
The day's newsmakers talk to Ryan First, Ryan Bridge, John
Heather Duper c Allen drive with One New Zealand let's
get connected news talk as they'd be.

Speaker 3 (12:58):
Good afternoon, Great to have your company. Twenty four minutes
after four, your on news Talk, said b And at
the Beehive, Nikola Willis has just spoken to the press.
She says the government is announcing the next steps in
its effort to increase competition between the banks. Of course,
she's notoriously described it as like a pallo fight, the
competition between these big banks. So what are they going
to do. They're going to beef up Kiwi Bank and

(13:20):
they've agreed that Kiwibank needs five hundred million bucks more
to make it competitive.

Speaker 9 (13:26):
Here she is the government is accelerating moves to provide
Kiwi Bank with access to more capital. Kiwibank's parent company,
Kiwi Group Capital and the Treasury have been directed to
talk to New Zealand Kei We Saver funds, New Zealand
investment institutions and New Zealand professional investor groups about a

(13:46):
potential investment of up to five hundred million dollars in
Kiwi Bank.

Speaker 3 (13:51):
Ah, So that is interesting. That is basically shunning the
stock market, isn't it. It's everything but the stock market,
and because that would let your foreign investors in, and
then is it really Kivi Bank? You know what I mean? Anyway,
Nichola Willis is on the show after six. We've got
Sam Stubbs from Simplicity on the program after five. So
plenty of reaction coming to news out of Parliament this afternoon.

(14:13):
Two us the number to text and I've been reading
your messages through the break, Ryan, come on. Nothing Act
has said about the Treaty Principle's Bill has been extreme.
Unlike to party Mardy, Ryan, love you to have you
on in the afternoons, but I often sleep through the mornings,
says Laura. Laura, you just need to sort your schedule out, please, Hi, Ryan,

(14:34):
we never hear about parental responsibility when talking about the
boot camps and the kids that are in it. I
say put the parents in alongside the kids in the
same facilities, Jake, I don't know that that's entirely going
to help. This is another one on Seymour. Lots of
feedback on this poll. David Seymour will trip up, just
as he did during the election campaign when he said

(14:55):
we might sit on the cross benches, thank you very much.
Act then dropped in all polling. And that is an
interesting point. How sustainable is this jump in the polls
for David Seymour? Can he make it last? And what
happens when they do the role switch and Winston goes
to campaign mode? You know halfway? Well not long now,

(15:16):
is it? What happens? Then? Nine two is the number text?
I'm Ryan Bridge. Great to have your company on drive
this afternoon. It's twenty seven after four, Okay.

Speaker 1 (15:31):
If this were we man the name you trust to
get the answers you need, Ryan Bridge on Heather duper Cy,
Ellen Dry with one New Zealand.

Speaker 2 (15:41):
Let's get connected and news talk as it be.

Speaker 10 (15:44):
Stop.

Speaker 3 (15:44):
Where against is your truck?

Speaker 11 (15:46):
Greg?

Speaker 12 (15:47):
Did your work my dinner?

Speaker 1 (15:49):
It's fun.

Speaker 3 (15:51):
Good afternoon, New Zealand. Twenty five away from five. I'm
Ryan Bridge and for here the great to have your company.
This afternoon. We're going to talk to Nichola Willis after six.
She's just told Cab that the fairies apparently the decision
will be made. Well, we know it's going to be
made by wednesday. The announcement made by wednesday. She's saying,
nadda today and we'll try and get maybe, try and
get a little bit out of her. Just after six.

(16:11):
Also on Syria, we have talking to us this afternoon
the former US ambassador to Syria. He lived in Damascus
for several years before for security reasons, they were removed
from there. He's with us. Just after five as well.

Speaker 1 (16:25):
It's the World Wires on news dogs 'd be drive over.

Speaker 3 (16:30):
In Australia, the coalition government says if it wins the
next election, it will launch a task force to address
sorry and this is not the government, this is the
coalition who wants to be the government. It will launch
a task force to address anti Semitism. Leader Peter Dunnon
is also keen to be far the character requirements for migrants.

Speaker 13 (16:48):
It will strengthen the provisions of Section five hundred and one,
the character test under the Migration Act, which will be
targeted at those people who are non citizens who will
be deported for their conduct which seem to be adi Semitic.

Speaker 3 (17:01):
Russia has reportedly received assurances from the new Syrian government
that Russian military bases and diplomatic missions inside Syria will
not be attacked. Russia was a major supporter of ourst
died Syrian dictator Bashir Alissade and Alisada has gone on
to exile in Moscow. He's essentially an asylum seeker in Moscow.
Right now, a new Syrian caretaker prime minister has been appointed.

(17:21):
He says there'll be an orderly transition of power.

Speaker 11 (17:24):
We're extending our hands even to the opposition, who already
reach out to us and gave us assurances there will
not cause any harm to any citizen who belongs to
the Syria of ours.

Speaker 3 (17:34):
And finally, Vancouver's iconic gas Town steam clock is playing
a new chime for the first time since it was
built in nineteen seventy seven. Generally the steam power clock
will play standard clock chimes through its pipes like this.

(17:55):
Good imagine working next to that or worth living next
to it every hour. But this week, while Taylor Swift
is in Vancouver for the very last top of her
eras two O, the clocks playing shake it off every
quarter hour.

Speaker 1 (18:18):
International Correspondence with Ends and Eye Insurance, Peace of mind
for New Zealand business.

Speaker 3 (18:25):
Oh this hideous, What an awful sound. It is twenty
three away from five News Talk ZBB. We're going to
our Perth Live presenter six PR Perth Live presenter Australia
correspondent Oliver Peterson. Oliver, Welcome to the show. The latest
polls are bad news for out more bad news, I
should say for Elbow.

Speaker 14 (18:42):
Yeah, they are get a Ryan.

Speaker 15 (18:43):
There are two poles out today which would certainly have
the Prime Minister quite concerned.

Speaker 14 (18:48):
He's actually in the news.

Speaker 15 (18:49):
Poll now labeled the weakest leader that Australia has had
in decades. His rating has now fallen to forty four percent.
Peter Dutton on that same que about leadership, he's at
sixty percent now. Dutton is certainly a leader of conviction.
He's not backward in coming forward. Anthony Albanezi has always
had the tag ryn of being each way albow and

(19:12):
at the moments he probably well exam a good example
for you from over the weekends when we had the
fire bombing in Melbourne on Friday at the synagogue.

Speaker 14 (19:21):
The Prime Minister was over here in Perth. And what
has just.

Speaker 15 (19:24):
Gone up online in the last twenty minutes is he
was playing tennis in Cotterslow, which is one of the
most wealthy suburbs here in Western Australia. So he's on
a grass tennis court while he's being asked to maybe
go on attend the synagogue in Melbourne and show some leadership.

Speaker 14 (19:37):
Instead he was playing a bit at tennis.

Speaker 3 (19:39):
Not a great look for albow.

Speaker 15 (19:40):
And then on the other hand he's got a another
pole that shows that they don't even believe him. He
used to say I have your back, and that's now
coming back with only twenty seven percent at support of
voters believing that they have his back. What this all
points to there if though Ryan is probably a hung
Parliament when we go to the poll sometime next year.

Speaker 3 (19:57):
Right interesting, it's crunch time now, really, isn't it. And
I mean he hasn't been in there long, has he.
You think he'd get a bit more leeway. But there
have been a few mistakes. A huge number of boats
have been stopped trying to enter Australian waters illegally. Yeah
they are.

Speaker 15 (20:11):
And look, this is good to be able to get
this sort of information because Border Force now really clamped
down on the information. One hundred and fifty six vessels
have been stopped and eighty three pirates have been prosecuted
in the past six months. I don't thin Johnny Depp
was one of those, but this was confirmed by the
ABF Commander of Maritime Border Command, Rear Admiral Brent Sotna,

(20:34):
speaking to Channel seven US. So certainly the boats have
started up in Australian waters. That's what we can read
from this. And as I said, the government isn't so
forthcoming with providing that information to the public.

Speaker 14 (20:44):
But they're sort of being found even getting.

Speaker 15 (20:46):
As close to the top parts of Australia, not even
Naru or some of those islands which are off to
the north of the coast.

Speaker 14 (20:52):
They're actually finding their way all the way to the
mainland Australia.

Speaker 15 (20:56):
So no doubt this will be forming part of the
current political discussion Ryan about whether or not we are
up to scratch with our border security.

Speaker 3 (21:03):
Interesting, let's talk about the police blitz on dozens of
drug dealers. What's that about.

Speaker 15 (21:09):
Yeah, So in Sydney it's called dial a dealer and
over the last three weekends police have arrested one hundred
and eighty people, sorry, one hundred and eight people. They've
see six hundred and fifty bags of coke, MDMA, cannabis edibles, THCHD,
ketamine ice.

Speaker 14 (21:23):
So they're really going for the street dealer, if you like.

Speaker 15 (21:26):
But they're trying to send that message ahead of really
the summer party season that there are going to be
dozens of people now who are going to be prosecuted
as a result of being found to allegedly selling drugs.

Speaker 14 (21:38):
One hundred and eight people arrested, So that's quite a
sting operation.

Speaker 3 (21:42):
Certainly sounds like it. Oliver, thank you very much for
being with us. Oliver Peterson, the six PR Perth Live presenter.
It is nineteen minutes away from five News Talk SIB
just on Syria. Because we have spoken about it just
in the last couple of seconds. It's interesting, isn't it?
Because you think. You ask yourself, why isn't Russia doing more?
Why did Russia do more to try and help alisade

(22:03):
his ally it's their only foot into the Middle East,
Russia in Syria. Why would they let it fall? I mean,
obviously they're distracted by Ukraine, that is a big issue.
But they have military bases there, and they have diplomatic bases,
you know, support there obviously, but that's not as important
as their military basis. This is their only foothold into

(22:24):
the region and it is now with basically overnight it
has disappeared, and they now have an asylum seeker living
in Moscow by the name of Bisher Alisat. So why
would Russia let that happen While they've been weakened by Ukraine,
they perhaps don't have the resources to do that. But
also crucially, they are now doing deals behind the scenes.

(22:46):
They are doing deals with the opposition parties to make
sure that those bases stay open and protected. Eighteen to five.

Speaker 1 (22:54):
Politics with centrics credit check your customers and get payment.

Speaker 2 (22:57):
Certainty New CBS.

Speaker 3 (23:00):
It's just gone quarter to five and Nicola Willis after
six and Sam Stubbs after five. Barry Soper right now
Senior political correspondent. Very, good afternoon, good afternoon, right, lovely
to see you.

Speaker 16 (23:10):
Nice to see you.

Speaker 3 (23:11):
Kiwi banks getting some cash.

Speaker 10 (23:13):
Yeah, well, look, this has been talked about for so long,
hasn't it. And it was it was inevitable that was
going to happen. And this has really come out of
the banking inquiry by the ComCom and the government says
it'll be accepting all its recommendations. I think they made
fourteen and that's for open banking and the like that

(23:35):
the big trading banks will be expected to abide by.
But it's pushing ahead with moves to increase banking competition,
they say. But interestingly, Ryan, they're not going internationally for this,
They're going locally. So Kiwibank's parent company, Kiwi Group Capital
and Treasury, they'll be going out with the begging bowl

(23:58):
to Kiwi say funds. They'll be looking at investment institutions,
professional investor groups, potential investments of up to five hundred
million dollars right, and they say, you know, this is
going to really make a Kiwi bank a much better
competitor for the big Australian. For Nicol Willison's reckons that

(24:21):
the Big four Australian owned banks will get a hurry
up to respond more generously to customers.

Speaker 9 (24:28):
Zealand is often seen as the little brother against the Aussies.
We want to give that little brother a little bit
more muscle to get a fairer deal for Kiwis advice
to the government is that an additional five hundred million
dollars of capital could support up to four billion dollars
of business lending or ten billion dollars of home lending.

(24:49):
That is sufficient to add competitive pressure to the market
and potentially benefit customers of other banks as well as Kiwibank.
Today we are putting the major bank on notice. We
expect them to act on the Commerce Commission's recommendations, including
through improvements to the bank switching service and open banking reform.

(25:11):
Our message to the banks is this the time to
act is now. If you drag your heels, the government
is leaving open the possibility of further action.

Speaker 16 (25:22):
So watch out. Nicholas on the wall part.

Speaker 3 (25:25):
Do you think they're going to be listening to that?
I mean, in my mind, is this going to turn
Kiwi Bank from a little chihuahua, you know, yapping at
your heels into a pitbull.

Speaker 10 (25:34):
While it's not going to turn it into something like
the Big four Australian banks, there's no doubt about that.

Speaker 3 (25:40):
That's all talk and bluster.

Speaker 16 (25:41):
No it's not.

Speaker 10 (25:42):
I think you know, a capitalization of the Kiwi Bank
has been talked about for so long. Don't forget old
Jim Anderson.

Speaker 16 (25:49):
I still remember.

Speaker 10 (25:50):
Him opening his account opening Kiwi Bank and Michael Cullen,
who was the Finance Minister at the time, had to
be kicking and scratched, drag kicking and screaming to approve
the bank has Finance Minister. So look, this bank has
really wallowed, you'd have to say, compared to the Big four.

(26:11):
So hopefully with capitalization we'll see it more into business
and more into home lending, more competitively.

Speaker 3 (26:18):
Good if nothing else, good for consumers. Like totally, let's
talk about this pole. So this is the latest and
last for the year taxpayer, union carrier pole and shift.

Speaker 10 (26:29):
Well, you know it's fascinating again too, Ryan when you
look at National and Labor both down four and a
half percent, that's big.

Speaker 16 (26:38):
Well National's on thirty.

Speaker 10 (26:40):
Four points thirty four percent, the Green the Labor Party
is on just on twenty seven percent, but you know,
for a government after.

Speaker 16 (26:50):
The first year, this is really low.

Speaker 10 (26:53):
I can't recall a government after one year being so low.
And interestingly, the party that's made all the running, if
you like, and clearly it's doing it to damage National,
although they would never admit that. His ACT well, look
at ACT, it's up four and a half percent.

Speaker 3 (27:13):
Strategy, strategy is working.

Speaker 10 (27:15):
Well, it is working and David Seymour knows this. And
when he brought in the Treaty Principal's Bill, he knew
that it would lead to significant debate at painted National
into a corner. And there's a poll coming out tomorrow
that will show that New Zealanders in fact are pretty

(27:36):
much behind the debate and maybe a change in the
way we view the treaty.

Speaker 3 (27:42):
So the question was luxe and wrong to strengthen his
narrative because he's driven four and a half percent of
his voters to ACT.

Speaker 10 (27:50):
That's right, and it's going to be very hard for
him now to extract himself from that corner. And interest card, well,
if you look at the exactly this trimes a bit difficult.

Speaker 16 (28:02):
But if you look at the ACT party, you know
they they really.

Speaker 10 (28:06):
Are now in a prime position going well, they've got
two years to go, so we've.

Speaker 16 (28:12):
Got a long way to go.

Speaker 10 (28:13):
But David Seymour is very good at this day. If
there was an election held tomorrow, they would have the
same number of seats that Winston Peters had at the
first MMP election in nineteen ninety six, seventeen seats. And look,
they'll be very happy with the way they're going at
the moment. But even the old Greens, for goodness sake,
what have they done about a hell of a year?

Speaker 16 (28:36):
Yeah, down one.

Speaker 3 (28:38):
Eight point three they well, see they've got.

Speaker 10 (28:40):
That really strong base, haven't they. Winston still above six.
But the Moldy Party, for goodness sake, they're up one seat.
They'll get one more seat in parliament, so at least
label will have a good coalition partner if they can
scrape together the Greens.

Speaker 3 (28:56):
It's interesting, but I mean, I guess the thing is
and we'd probably have to move on. But sustainable are
those numbers for those minor parties? You know, once this
debate moves on, you know.

Speaker 16 (29:06):
All over the place.

Speaker 3 (29:07):
Basically, all right, let's finish with the boot camps opposition
to them growing?

Speaker 11 (29:11):
Is it?

Speaker 3 (29:11):
Fear?

Speaker 10 (29:12):
I know, we haven't got much time. But look, I
saw a breathless Benedict Collins on TV one News last night,
you know, basically asking Karen sure.

Speaker 16 (29:23):
Well he had us earlier. If these young offenders harmed
in New Zealanders, would she resign?

Speaker 10 (29:32):
I mean, for goodness sake, if you look at all
the people that deal with young people in situations like this,
two kids running away who are little toe rags anyway
to be there in the first place. They they've obviously
not taken the chance to turn their life around. Bad
luck for them, But for the others that are staying,

(29:52):
good luck for them, and those that care about young
people say let them continue, and so do.

Speaker 3 (29:58):
I Yeah, good on you, Barry, Thank you very much.
Much good to see you. Bary Soper, Senior political correspondent
with US. It is eight minutes away from five nine
to nine two is the number to text back in
a minute.

Speaker 1 (30:09):
Putting the tough questions to the newspakers the mic hasking breakfast.

Speaker 15 (30:13):
Former Boss of Business New Zealand Filer Ralli was on
the Welfare Expert Advisory Group.

Speaker 17 (30:17):
Do we do what Labor and the Greens want us
to do and we shut these boot camps down?

Speaker 18 (30:20):
Of course, not actually they work. I was a sponsor
one in the John Key government. Polly at the end
of it, these said their life change for the better.

Speaker 11 (30:27):
Does this suggest to you that perhaps what needs to
happen here is that whatever the wrap around is that
happens wills the back in the community that needs to
be beefed up.

Speaker 18 (30:35):
Absolutely the figure she got some of these that are
just going to go back to whatever they went beforehand,
and then Saily I didn't get this something many to
put the ministry were all that's supportive of the whole process,
so they were necessarily leaning into making the kinds of
changes of the necessary.

Speaker 1 (30:47):
There either duplessy Ellen on the mic asking breakfasts back
tomorrow at six am with the Jaguar f base on
news talks. There'd be.

Speaker 3 (30:56):
News talks. They'd be just gone five away from five.
Great to have your company this afternoon. Lots of texts
coming in. I'll get to some of that in a second.
On crime, but just very quickly, this is from Professor
Mark Wilson at Victoria University in response to why is
it that all of the world hates Christopher Luxon. I mean,
if you go into some corners of the Internet that
is what people are saying. Right, they hate Christopher Luxon.

(31:18):
But this is from the Sunday Star Times. Professor Mark
Wilson of Victoria University, who has studied political preference in
social psychology for years, says, even referring to himself as
Christopher was emotionally distancing him from voters and affecting his likability.
You don't call someone like Christopher unless they're insistent, and

(31:40):
then it feels weird, he says, I mean, honestly, is
this the caliber of debate that we're going to be having?
Should we calling you Ry Ryan?

Speaker 16 (31:49):
I'd hate for you to be emotionally distant from your listeners.

Speaker 3 (31:51):
Honestly today who writes this? I mean, this is why
you know Judith Collins took a sledgehammer to those humanities,
social sciences, the Marsden Fund. Judge Judy, this is why
she is sick of this kind of crap. She said
enough anyway. The article goes on, I could read more
about other things. You'll be wasting your time and mine

(32:13):
four minutes away from five on news talks. He'd be right.
Lots of feedback on the pole that's come in accent
proved polling shows that Seymour is right about one thing.
The New Zealanders that work, pay their bills and just
get on with life are sick and tired of the
special treatment based on race. I'm more than happy for
a special treatment based on need, but not on race,

(32:33):
says Lance Killed a Ryan. Why doesn't the government put
the money into upgrading kiwibanks software and then run all
government transactions through it instead of west Pac? That is
an interesting question because all of the government business does
go through Westpac. If you're just joining us, the government
announcing this afternoon what it's going to do the whack
the big banks, and that involves beefing up Kiwi Bank.

(32:55):
Nikola willis with us Live after six, Sam stubs here
after five.

Speaker 12 (33:00):
O the only drive show you can trust to ask
the questions.

Speaker 2 (33:18):
Get the answers, by the facts and give the analysis.

Speaker 1 (33:21):
Ryan Bridge on heither Dupless Ellen Drive with one New Zealand.

Speaker 2 (33:26):
Let's get connected. News Talk said, be.

Speaker 3 (33:30):
Good evening, it is seven after five. News Talk said
the I'm Ryan Bridge in for Heather. Great to have
you with me this evening. Cabinet has agreed to make
Kibibank more competitive than beefing it up with a five
hundred million dollar capital injection. Queibank parent company Kiwi Group
Capital and Treasury have been instructed to talk to potential investors.
These could include Kiwi Saber funds. They could in include

(33:50):
pension funds, et cetera, but the government has ruled out
selling off it's Kiwibank shares. The Finance Minister Nichola Willis
is with me after six for now, Sam Stubbs is
the under of simplicity, the key we save a fund, Sam,
Good evening, Good evening does this well? First of all,
your reaction to the announcement.

Speaker 19 (34:09):
Oh look, I think it's a very sensible first step
towards getting q Bank to be the bank it could be,
which is basically as big as the Aussie banks and
really bringing serious competition to the market. So first of all,
what they need to do is raise I think five
hundred million sounds round about the right amount of money,
and they need to inject that is new money into
Kiwibank to make it stronger. Clearly has other things to

(34:32):
spend its money on, so it'll come to people like
us and us for.

Speaker 3 (34:37):
That money, will you invest?

Speaker 19 (34:41):
I think we're highly likely to if the price is right.
I mean, we'll take it very seriously because if you
think about the banking industry, it is a profitable industry.
Banks are good investments long term. This would be you
would be getting an opportunity to get in early, as
it were, and then you know, you would normally assume
after this that the ultimately would be listed on the

(35:01):
stock exchange and mum and dad KIWI investors would get
that chance as well. I do like the fact that
they're effectively restricting it to New Zealand investors so that
the kiwibank stays Kiwi. That makes perfect sense. And there's
plenty of money in the market now Ryan to do this.
You know, k we keep several funds alone, have got
around about one hundred and twenty billion dollars.

Speaker 3 (35:20):
Is there five hundred million dollars floating around in there
to fund it?

Speaker 6 (35:25):
Oh?

Speaker 19 (35:26):
Look, I would have thought easily. I mean, if you
add up one hundred and twenty billion from kiwisaver, if
you add up ACC, if you take NZC, but that's
about another one hundred and twenty hundred and twenty billion dollars,
and you've got EWI, you've got other institutional investors. So
if the price is right, I would have thought it
would be relatively easy to raise five hundred million dollars.
I mean, you know, these things take time. You've got
to go through a process. But this should be a

(35:49):
good investment at the right price.

Speaker 3 (35:51):
Will you, and the way you're talking makes me think basically,
you guys will get that. Those who can, who are
allowed to come early, will get a deal, and those
have to wait till the stock exchange listing will pay more.

Speaker 19 (36:02):
Oh not necessarily, no, I think. I mean if it went,
if it went to a stock exchange listing what we
call an IPO, typically everyone who invests there it gets
a good deal. You saw that with the power companies
when they listed so but that'll be years off rhyme. Basically, basically,
it will take years for kV Saber, for kV Bank
to beef up. It does take time. You've got to

(36:22):
absorb that money, you've got to make new loans, all
that sort of stuff takes time. But this is a
really important and I think pretty significant.

Speaker 3 (36:28):
First step is your reading of it. When Nicola Willis
says to the big banks, watch out, There'll be more
to come unless you play ball, is your reading of it?
That she means listed on the stock Extraine. That's the
next sort of step if you don't buck up your ideas. Boys.

Speaker 19 (36:44):
Yeah, look, I read that slightly differently. I read that
there's Look, there were fourteen recommendations. You're now on formal
notice that you've got to take these things seriously, make
them happen. This is emphatical warning as I've ever seen
from any politician to the big banks that unless you
shape up, they'll be truble and I think I mean
the bank the big banks would be fulls to to
to to you know, ignore this. This is this is

(37:07):
the Prime Minister and the Minister of Fine standing up
saying okay, games up. Now here are the recommendations. You've
got to make them happen. Remember, the only the only
person who can seriously do damage to the big banks
in New Zealand is the government because they've got they've
got regulation powers. So I think this is this is
really really formal warning to them that you've got to

(37:28):
allow competition in New Zealand because the commis COMPISSI Commas
Commission very emphatically said that the banks were weren't allowing
competition in.

Speaker 3 (37:36):
Sam Stubbs simplicity. Just go on eleven after five, Chaplin.
Theori are waking up right now to a completely different
and changed country. They're celebrating the fall of It's a
long time president, but Cher Alissade, who has fled to Russia.
He's now basically an asylum seeker in Moscow. And there
are emotional scenes coming out of one of the country's
most notorious prisons where prisoners have been freed. They're families reunited.

(38:01):
Robert Ford was the US ambassador to Syria and he
joins us now, great having you on the program.

Speaker 11 (38:08):
It's my pleasure to be with you.

Speaker 3 (38:10):
Let's start with how quickly this happened? How did we
not see it coming?

Speaker 11 (38:15):
I think because the Syrian Civil War had greatly diminished
levels of violence, and the lines of control didn't change much,
and Asad controlled all of the major cities, and the
opposition was making no significant gains on the ground over

(38:36):
a period of years. So it just appeared that the
civil war bit by bit was winding down.

Speaker 3 (38:42):
And yet we say he was in control of these areas.
He clearly wasn't.

Speaker 8 (38:47):
Well.

Speaker 11 (38:47):
I think in a sense he was, but his control
was very brittle, and so when pushed. That is to say,
like when a serious armed opposition attack came, his soldiers
didn't stand and fight. Instead, they ran away.

Speaker 3 (39:02):
Biden, it seems to be taking some form of credit
for what's happened there, saying that the US strategy on
Russia and Iran is having an effect. To you by that.

Speaker 11 (39:13):
Now, it's well, I should I shouldn't be so categoric.
The Americans were not helping Ukraine in it any way
because of Syria. It's sort of a happy coincidence that
it worked out that way.

Speaker 3 (39:27):
Product And similarly, when.

Speaker 11 (39:31):
The Israelis really bloodied his Bullah in Lebanon, they weren't
doing it because of Syrians or to help Syrians get
rid of an awful, brutal dictator. The Israelis could have
bloodied his Bulah years earlier if that's what they were
interested in. Instead, it's just a happy coincidence out of

(39:54):
what was going on in the Lebanon War, which in
itself was connected to Kaza.

Speaker 3 (39:58):
You've lived here between two thousand and eleven twenty twelve,
before the embassy was closed, that the US embassy was closed,
you were the US ambassador to Syria. What happens next
we've seen when dictators full like you know Saddami saying
in Iraq, what happens afterwards? What do you think is
going to happen next?

Speaker 11 (40:17):
I know what I hope, which is that the armed
opposition factions and the political groups that are behind them
will come together in some kind of a broad coalition
government and as a transitional government and be able to
rule the country, perhaps with something like a ruling counselor

(40:37):
or a ruling a trio or I don't know what.
The Syrians are going to have to work that out.
My worry, of course, is that instead of coming together
in an inclusive coalition, they'll start fighting each other now
that they no longer have a common enemy. And that's
that would be something closer to example Libya.

Speaker 3 (40:58):
And that's not something we want to repeat. Robert Ford,
thank you very much for your time. Robert Ford was
the US ambassador to Syria. He was there from twenty
eleven until the embassy was closed, as you heard me
say in twenty twelve, continued as ambassador, though in absentire
until twenty fourteen. Interesting he mentioned Libya and Gaddafi. You know,
there's Arakan Saddam who's saying what does come next once

(41:18):
you topple a dictator. Sure there is celebration, there's relief,
but what comes next? News Talk said bb Choice is good,
isn't it? At least that's what we've all been told.
But if you're anything like me, sometimes too much choice
can be a little bit overwhelming, especially when you're talking
about a small business with one thousand and one decisions
to make. So to make life a little bit easier,

(41:38):
One New Zealand have created two brilliantly simple broadband plans
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(42:00):
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business for broadband that's perfect for busy businesses. That's One
New Zealand Business online, Ryan Bridge, Racing Minister. At eighteen
minutes after five, Racing Minister Winston Peters wants to stop

(42:23):
the leakage of betting money to offshore gambling operators. He's
going to change the law and extend the tab's current
land based monopoly for sports and racing betting to online,
so to be land and online. Nick Roberts is the
TAB CEO. Welcome to the show, Nick, great.

Speaker 20 (42:39):
Having on, great to be here.

Speaker 21 (42:41):
Thanks very much for having us.

Speaker 3 (42:42):
Congratulations you've essentially just won the lottery, have you not.

Speaker 21 (42:47):
Yeah, Look, we're really spoked with the decision from the government.
It enables the support and growth of racing and sport
in New Zealand, which is really what we're about here
at Gaving New Zealand.

Speaker 3 (42:57):
How much extra revenue will this bring you?

Speaker 21 (43:00):
Oh look, it's kind of significant over the course of history, right,
I mean, this is about setting up racing for the
long term. It's an economically significant part of New Zealand
and obviously sports is an iconic part of our country
as well. And you know, the Paris results this year
probably highlight that better than anything.

Speaker 3 (43:20):
One hundred and eighty million dollars was lost by keywis
to offshore betting from customer losses. Does that mean that
you will pick up hopefully, you know, an excess of
one hundred million dollars.

Speaker 8 (43:32):
Yeah.

Speaker 21 (43:32):
I mean it's obviously operational costs that come into that
as well, Ryan, but you know, there's no doubt that
that's a growing trend that's been significant among those under
thirty five. It's now the percent of the New Zealand
betting market. So bringing it back into the New Zealand environment,
we think is a great outcome, not only for those
funding outcomes you're talking about, but really to boost minimization,

(43:56):
making sure that that activity is in a safe and regulated.

Speaker 3 (43:59):
Environment like that. I know your your intentions of what
you will do with that revenue, that extra revenue, but
can you just explain to us exactly how it will work.
At the moment, are young people basically using any old
offshore website to bet on sports and once this change
comes in, you will have the jurisdiction here what is
to stop these young people from continuing to use their

(44:20):
preferred overseas? You know, market look.

Speaker 21 (44:24):
At a really great question and they are always going
to be those that probably have the technical will to
get around these things, But we don't think that's going
to be a high number of people. We think most
people you know, will will anticipate with the local operator,
and we know that these global brands will want to
make sure that they stay trusted in the places where

(44:46):
they will still be permitted to operate. And we'll comply
with the New Zealand law and won't let people sign
up to account when they say they're from New Zealand.

Speaker 3 (44:54):
What sort of punishment do you think they should get
if they don't abide by what Winston Peters tells them.

Speaker 21 (45:00):
Look, it's ultimately a question for the government at the stage.
We do expect them to comply as they say. The
large majorities off sure operators are big global companies and
they have reputations to uphold them and several jurisdictions around
the world.

Speaker 3 (45:17):
Nick, I keep getting advertising for Bitcher, which I know
comes under you guys. Why am I getting that? I
don't bet so? Why am I getting the advertising? Is
it because I'm allegedly on the younger side?

Speaker 21 (45:31):
Look, Bitch is a really fun new brand that our
partners in to have delivered to the New Zealand market.
Are distinctive key We site. What that Butcher is trying
to do is to make sure that when faced with
the opportunity to bet with the local operator, that people
aren't turned off by the pretavy brand, which for some
unfortunately has become a little bit outdated or part of

(45:55):
their sort of maybe their father's brand. So they want
to try something new and exciting. So yeah, we're have
to see Betcher into the market, and we think it's
doing and doing them things.

Speaker 3 (46:03):
Brilliant, Nick, Thank you very much for that. Nick Roberts
is the TAB CEO Winston Peters basically trying to block
the rest of the world from offering gambling to especially
young people who like to gamble online, making it exclusively
the right of TAB to do that. Ryan Lowell, it's
called a VPN. This guy is dreaming, this says one
of our texters. Just now people. Basically, the people can

(46:25):
get around these kind of blocks, which I guess you can.
But if the TAB is offering it, why wouldn't you
just use the tab? Is it going to be more
expensive for you? Ryan? The TAB is concerned about gambling,
so they just so people should just gamble through us. Yeah,
I get it, I get it. There's a little bit
of irony in that it is twenty three after five

(46:46):
News Talk SIBB on.

Speaker 1 (46:48):
Your smart speaker, on the iHeart app, and in your
car on your drive home it's Ryan Bridge on Heather
Duper see Alan Dry with one New Zealand let's get
connected and News Talk zib.

Speaker 3 (46:58):
B twenty five to five TV and Z's got a
pole coming out tonight. Be interesting to see if it
backs up what that Freshwater Post pole said last week.
It put Hipkins ahead of Luxen, I know. And since
then everybody's talking about it. Everybody's talking about Luxen's popularity,
all lack thereof. Matthew Houghton have you read his columns
in the Herald, has been taking strips chunks out of

(47:20):
the Prime Minister's armor. Why well, it's the number, isn't it.
It's the number. It's the fact that the leader of
the opposition is the head of the Prime minister after
only what a year in office? I reckon, though, here's
the thing. If it was Hipkins in charge right now,
let's imagine an alternative universe for a second. If it
was Hipkins in charge, he'd won the election. He'd be

(47:41):
disliked as much, probably, if not more than Luckson. Why well,
people don't like politicians at the moment. They screwed us
on COVID, they helped crash the economy in conjunction with
the Reserve Bank. They made us feel broken poor. Look
no further than the UK with Starma or Australia with Elbow.
They just had a poll out today. Aristra correspondent told
us about it. Terrible numbers for Elbow and they're both

(48:03):
first terms but they're still getting hammered in the polls.
Sure they have both made mistakes, individual mistakes, but there
is a biggest story going on here. We're broke and
will blame whoever's in charge, no matter how long they
have been there. There's a caveat to this come twenty
twenty six. We better have something to show for it.
The OECD report that came out last week says will

(48:25):
be north of two percent growth by twenty twenty six.
But those promises that Luxon has made, those targets that
he has championed time and time again, that seed of
a promise that he's solen into. This government has two
years to bear fruit. Bryan Bridge twenty seven after five
nine nine two is the number of text love your
views this evening coming up next, we're going to talk. Well,

(48:46):
we'll asked the question. So the police have different targets.
One of them is tickets for drink driving and drugs.
Another one is for speeding. Which of those two do
you think they had the target for?

Speaker 2 (49:00):
Find out?

Speaker 3 (49:00):
Next?

Speaker 1 (49:13):
Ryan Bridge cutting through the noise to get the facts.
It's Ryan Bridge on Heather do for see Allen drive
with one New Zealand Let's get connected. The News Talk said,
be good evening.

Speaker 3 (49:33):
It is twenty five minutes away from Sex News Talks.
There'd be Nicola Willis. Willis with us here after six,
the Finance Minister today announcing that she will beef up
Kiwi Bank, but also accept all fourteen recommendations from the
Commerce Commission to try and sort out the what she
called a convenient pallot fight of competition between the big boys.
So we'll talk to Nicola Willis herself after six and

(49:56):
the huddle in just a second. Right now, six million
dollars of police funding is on hold because they didn't
quite meet all of their new infringement targets. You'll remember
that some police funding is now dependent on doing a
certain number of roadside drug tests and issuing a certain
number of speeding tickets. Well, in the July September quarter,
police met all of their targets except one. They didn't

(50:17):
issue enough speeding tickets on open roads. Dylan Thompson is
the road safety spokesperson at AA. He's with us now, Dylan,
good evening.

Speaker 6 (50:25):
Good afternoon. How are you doing right?

Speaker 3 (50:26):
Good?

Speaker 20 (50:26):
Thank you.

Speaker 3 (50:27):
Does this mean that we just weren't speeding.

Speaker 6 (50:30):
Well, that's a really hard question to answer, actually, because
nobody knows exactly what's going on on the roads everywhere
all at once. Unlikely. So I think what it's just
meant is that the police probably didn't manage to spend
as much time in forcing out on the open roads

(50:53):
as they would have been aiming to.

Speaker 3 (50:55):
Police have caught flack in the past for not doing
enough breath tests, So the fact that they've met the
breath test, the drug test target, they should be commended for.

Speaker 6 (51:03):
Well, it's just the alcohol tests at the moment. We're
still waiting to introduce roadside drug testing next year. But
they not only hit the target for alcohol tests in
this quarter a bit, but way exceeded it. And we're
so pleased to see that so that is really good news.
And really this is just part of a huge push

(51:25):
from the government here to increase the amount of enforcement
around alcohol and drugs ultimately and speeding. They're really focused on.

Speaker 3 (51:34):
That, which is good. I've noticed a lot in the
central city. I've noticed a lot of breathalyzer tests happening.
I'm wondering, and I noticed that these tickets that they're
not doing are on the open road. Are they taking
the easy option and doing breathalyzer tests and perhaps catching
speed is close to the cities rather than going out

(51:55):
into the regions and doing the hard stuff well.

Speaker 6 (51:58):
On the alcohol tests. So you know, part of that
target is they've got their total number of tests and
then they've also got a certain number at what they
have defined as high and extreme alcohol risk hours. So
I think they are trying to target it. But you're
always going to be able to test more people quickly

(52:19):
in our big urban centers than out in the regions.
And I mean, I think we've we've got to get
that mix right. And that's part of the reason, I
guess for the focus on the open road enforcement of speeding,
because those are the roads that we tend to have
high rates of fatal crashes and some of those really
horrific crashes out there.

Speaker 8 (52:38):
Yeah.

Speaker 3 (52:38):
Interesting. Thank you so much for that, Dylan. Great to
have you on the show. As always, Dylan Thompson, the
Road Safety spokesperson for AA. It is twenty two away
from Sex.

Speaker 1 (52:45):
The Huddle with New Zealand Southerby's International Realty, local and
global exposure like no other.

Speaker 3 (52:52):
So Nichola Willis has huffed and she has puffed, and
will she blow the bank's house down? That is the
big question. Tris Shurson Shirton Willis prs with us this evening.
Good evening, good evening, I've see you and Joc Beganni's
here CEO of Child Fun Kilder, good to see you too.
Tell me has she done enough? Trish? Do you think
in an accepting all fourteen recommendations from the Commerce Commission
and beefing up Kei Bank because she done enough to

(53:14):
put them on notice.

Speaker 17 (53:15):
I don't think there were any surprises in today's announcement.
All of this has been relatively well signaled, and in fact,
if I cast my mind back to when the Commis
Commission made its recommendations with its final report back in August,
pretty sure even all of the major banks accepted all
of those recommendations. You know, part of the new news

(53:38):
today is around this beefing up of Kibank, although that
was already well signaled the fact it would need a
capital injection, and then this longer term thought about potentially
an IPO down the track. The point I think is
an interesting one here is the difference between a challenger
and a disruptor. So yes, Kank might be a challenger.

(54:01):
So it's a traditional style bank that's going to be
beefed up. It's doing well, it's taking significant market share
at the moment, particularly in the home loan and business areas.
But what you've seen from markets like the UK is
where true disruptors have come into banking. That's like your
monzos that are absolutely pure digital banks. They don't have

(54:23):
branches or any of that sort of physical bricks and
water infrastructure so they can keep fees down. This year
we've had a new Zealand startup called DSH apply to
be a registered bank, first application in twenty years. They
want to do just that. They would be online. Only
had another another operator apply to be a registered bank

(54:43):
just this week. Again the first ones in twenty years.
So I think that's actually a good signal.

Speaker 3 (54:49):
So the real challenge might come not from Kiev Bank
but from actually these newbanks. What do you reckon, Josoning?

Speaker 5 (54:55):
Yeah, I think this is a really good sign because
if you think back to that, remember of years ago,
go ATM companies, new ATM disruptors were trying to get
into the market, and the big banks would go they
we just wouldn't let them have access to the platform, right,
And so here what they've done. The governments accepted all
of the Commics Commission's recommendations, one of which is to

(55:15):
loosen the definition of bank, so that would kind of
allow the disruptors to come in. The other is, you know,
to give access to that payment platform so at the
moment when you do your tap and pay that's a
new piece of technology with our phones, you're paying two
percent of that, you know, straight to Visa and MasterCards.

Speaker 9 (55:34):
So they're fleecing us.

Speaker 5 (55:35):
They're fleecing the retail sector actually in New Zealand. So
I think breaking up you know, the monopolies or the
duopolies or the whatever monopolies and allowing competition to come
in is a huge thing. You think of those sectors
that don't have competition, banks, parking, supermarkets. They're the ones
that are charging us so much money.

Speaker 3 (55:57):
That think that the banks themselves and I suppose they
have a self interest here, but they argue that they
do have competition and the market and when you compare
us to countries around the world on a per capita basis,
et cetera, it's actually not all bad here.

Speaker 17 (56:10):
Also, let's remember that we have not had a banking
failure in New Zealand, so yes, we can say we
want things to be better, but we are a small
market at the bottom of the world. And look at
the big markets where there has been huge competition. The
US government has had to bail out make significant bailouts
because of banking failures as recently as two years ago.

(56:30):
But at the right I'm not saying don't want to
cut your nose. That's exactly That's exactly it.

Speaker 3 (56:37):
All right, it is eighteen away from six News Talk
SIB We're back with the Huddle in just a.

Speaker 1 (56:41):
Second, the Huddle with New Zealand Southby's International Realty Elevate
the marketing of your home.

Speaker 3 (56:50):
Welcome back, it has just gone calld it to six
News Talk saib and the huddle is with me this evening. Trishuson, Huson,
will us Pr and Josey B. Begani's CEO of Child Fun.
Welcome back team. So we'ves galore today. We've got the
one news pole coming out in about half an hour,
well shortly, and we will hear from Nikola Willis on
that just after six. But also today we had the
Taxpayer Union Curier poll which had National and Labor both

(57:12):
down four point six points, which is a big drop
act up four point five to thirteen. Josie, is this
Seamour's strategy working.

Speaker 5 (57:23):
I think it is, and it's also to Party Marty's
strategy working right. So for the smaller parties, their strategy
is always to bring out the voters on the fringes.
They're not going for your middle road, middle of the
road voters, your CenTra central voters. So yes, it's succeeding.
You know, you have you have strong opinions to Party Marty.
You call everybody a white supremacist and whatever genocide KKK

(57:46):
and act. You're going right, We're going to everybody's going
to be equal, and we're going to ignore the distinct
privileges that were given to Mary under the treaty as
they would see it. Right, so you bring out you
bring out your base. The big losers in this are
both National and Labor for different reasons, right, So I
would say for National they're failing at the moment. I

(58:08):
think they've got a plan, they're just not communicating it.
They're not bringing the country with them. And the Hikoy
would have been a perfect example where you would expect
a prime minister to step up and unify the country
and go. Disagreement is different to disunity. I encourage disagreement.
We can disagree and we will unify after this and
we will have this debate a vacuum. Labor is different again, right, Labor,

(58:32):
I think they're failing that they're looking like the government
in opposition with Labor to Party Marti, the Greens. That's
a problem for them because it looks messy.

Speaker 3 (58:40):
Yeah, Trish, is this in part because of Luxon's strengthening
is rhetoric and his language around the Treaty Principal's bill.
These are National voters saying screw you, I'm going to act.

Speaker 17 (58:52):
Yeah, that's right. I'm not surprised to see that movement
off to act around the Treaty Principal's bill. But the
part of Pole that I'm actually really interested in is
what are the issues that Kiwi's care about, because this
is what politicians need to keep their focus on. What
are the issues they care about and how has that
moved since last year. So last year was cost of

(59:12):
living number one and Laura and Order number two, and
they kept switching in and out. In this poll, you've
got the economy at number one, and then you have
got the cost of living at number two, and then
you've got health in at number three. Now this is
really important for ACT and for National because there are

(59:33):
a lot of ACT voters who actually go, you've spent
enough time on the treaty and you're missing out now
when the economy is so critical, and ACT should be
really important in that debate. For National also, there are
a lot of voters who feel like next year is
going to be even tougher, like we're not going to

(59:55):
we're not making huge gains, And I think National has
to be careful that it's rhetoric on the econ to
me just telling us over and over that inflation's down
and interest rates are under control. So this is this
is what I heard recently, it was Nicol Willis said,
so businesses can they're ready to start employing and things.
Businesses don't have that in reserve. And I think what
the government has to do is temper it's rhetoric on

(01:00:17):
the economy to meet where business is actually at. Next
year for them is going to be very tough on
the economy as the numbers yet worse.

Speaker 5 (01:00:24):
Labor needs to stop talking about or stop being the
political party of the public sector, because that's also noting
that many support either. So you're right, pick the things
that voters say are the things. And I think for
most voters, even you know, they're basically supportive of the
treaty and the treaty process. They don't think we should
be having this massive kind of race debate. It doesn't
feel like it's something that New Zealanders want to have,

(01:00:46):
and it's not coming up in what are people most
concerned about? We're not concerned that we have a major
race problem in this country.

Speaker 3 (01:00:53):
Yeah, let's try. It's interesting, isn't it, Because they have
almost declared victory on the economy the National Party, and
it's not going down too well with business and.

Speaker 17 (01:01:03):
Except to your point in your editorial. Don't forget how
governments have been punished by voters who feel they're going
back totally.

Speaker 3 (01:01:12):
And remember it wasn't that long ago that just Cinda
a Dune on a morning TV breakfast show said no,
it's not a cost of living crisis. And the reaction,
in fact, the reaction today Auckland businesses. This is on
K Road. I love this story. Well, I don't love
it because it's bad, but Auckland Transport has been forced
to take down ads they encourage people to bust to

(01:01:34):
the mall. This is for Christmas to do their their
shopping and small businesses are upset with this. The poster said,
jingle bells, jingle bells, jingle to the mall. Oh what
fun it is to ride with no parking queues at all.
So very clever, But to the mall has upset your
K Road retailers, your smaller businesses who are missing out

(01:01:55):
on the action.

Speaker 17 (01:01:56):
Fair enough, well before we even get to the utterist
pidity of the campaign itself. Two words I never want
to hear at Christmas a bus and more so so.

Speaker 16 (01:02:06):
You have lost me.

Speaker 17 (01:02:07):
That doesn't seem like a stress reliever for me personally, Well,
There's two things. One is, if you're running a campaign
like this, it feels far too late in the game.
We're at the ninth of December already. Two I absolutely
get for businesses on K Road, Pontsmbe, Central Auckland, you
name it, where these streets have been ripped up, closed

(01:02:31):
down road coned. You would be absolutely outraged that AT
is sending your customers off to the morning.

Speaker 5 (01:02:37):
Isn't it a good thing that AT is actually going
to come under the council perview from now on? Because
the other thing is I feel like this is at
what point you're going to run Auckland rather than running
Auckland families to do what AT wants. Why doesn't AT
run the Auckland Transport to do what families want, which
is to get around and how many people?

Speaker 3 (01:02:59):
That's an awesome point, as I say, not as.

Speaker 5 (01:03:01):
I do like either take that you know, this is
the whole thing that oh you know, cycle to hospital,
to have your baby, go on the bus, to do
your take your kids to sports on the bus and
now do your goddamn Christmas shopping on the bus as well.

Speaker 3 (01:03:14):
Because that's the other thing I mean, asigned from the mall.
How did you get your stuff home on a bus?

Speaker 8 (01:03:20):
Yeah?

Speaker 3 (01:03:20):
No, and you're buying.

Speaker 17 (01:03:23):
I mean unless it's a particular center sacks, particularly like
this year only.

Speaker 3 (01:03:28):
He only does gift boutches. Now sorry kids, because no,
it's ridiculous. And also on the Auckland transport thing, yes,
we're sort of emasculating all can transport, but we're giving
the power for cycle ways, for raised pedestrian crossings, for
speed limits, all of these things triggering us. Right, they're

(01:03:49):
going local boards. Well, if there's anywhere far left of
Auckland transport, it's a local board.

Speaker 17 (01:03:54):
And having lived in a small part of Auckland where
they made a cycle lane, that was like trying to
play that old rollerball game, you know, where you have
the ball that goes around the tiny wooden thing.

Speaker 3 (01:04:04):
It was all over the show.

Speaker 17 (01:04:06):
I've never seen anything more ridiculous. I feel as nervous
about the council getting in control of this as I
as I have about at all.

Speaker 3 (01:04:14):
Right, guys, thank you very much for coming in great
huddle Jose mcganney and Tris Huson. It is seven away
from six News talks b.

Speaker 1 (01:04:23):
Red or Blue, Trump or Harris who will win the
battleground states. The latest on the US election is has
a duplic allan drive with one New Zealand.

Speaker 2 (01:04:32):
Let's get connected US talksb.

Speaker 3 (01:04:36):
News Talks EB. It is five away from six. Text
here from John. This is about the Minister of Finance
today announcing a bit of a kick up the butt
for the banking sector at taking on board all fourteen
recommendations from the Commerce Commission around the banking industry and
beefing up Kiwi Bank through a capitalization program. Ryan. There
are currently twenty seven registered lending institutions in New Zealand.

(01:04:58):
Just beefing up This is from John. Just bef up
Kiwi Bank would seem to have no effect whatsoever on
the macro situation. The market is already highly competitive, as
is any market with twenty seven competitors offering a similar product.
There are also a number of deposit takers in addition
to the above. You're doing great job, John, John, thank
you for that. The thing is, the banks say that

(01:05:18):
they are competitive. All of the big banks say that
they are competitive. The government says that they are not.
Consumer you know groups say that they're not. How do
you prove how competitive a sector is where you have
a study, They've done a study. What are the studies saying, Well,
they're not competitive. So I mean, who do you believe?
You know what I mean? The banks say, if you

(01:05:39):
look at similar jurisdictions, or if you look at larger
countries on a per capita basis, that we are as
competitive as anyone else. So go figure nine two nine
two is the number to text. Nicola willis with us
here on that. Just after six, just gone four away
from that, there was something I wanted to get to. Oh,
Gloria Vail, that's right, speaking of banks very quickly. This

(01:06:00):
is a very interesting moved from the Court of Appeal.
This afternoon. They've cleared the way for Benz to close
Gloria Vale's bank accounts. So Benz was wanting to terminate
They had forty year relationship with these guys, the Christian sect.
They've been wanting to basically get rid of them, drop
them as a customer for human rights policy, brooches, et cetera. Anyway,
they ran into problems in the courts. The Court of

(01:06:21):
Appeal has ruled in Benz's favor. So what's the upside
of this. Gloria Vale has three months to find a
new bank. Maybe that's we keep you bank steps. In
three to.

Speaker 1 (01:06:35):
Six, we're Business Meets inside the Business Hour with Ryan
Bridge and my Hr on News Talks.

Speaker 3 (01:06:55):
Good evening, it is seven after six. You're on News Talks.
I'm Ryan Bridge and for Heather Today. Great to have
your company. We're going to look in just a few
moments actually with Shane Soley for our market update at
the China Central Economic Work Conference.

Speaker 20 (01:07:07):
What is that?

Speaker 3 (01:07:08):
Sounds a bit boring but quite important, It turns out
because they're looking at stimulus and that obviously has a
huge effect on our largest trading partner, which in turn
has a huge effect on us. We'll look at that shortly. Also,
insulation changes. The governments talked about game on insulation. Now
they're backing back slightly from those changes. Will fully in
on the details right now, though, it is time to

(01:07:29):
get you across what's happening with the Finance Minister. Nicola
Willis is with us live from Wellington. Minister, good evening,
Good evening, man, Great to have you on the show.
I want to start there's obviously a lot to talk
to you about the kiwibank changes, the ComCom report more generally,
but let's start with the poll for our listeners. The
latest one News Comma Brunton Pole has National steady on
thirty seven percent, Labor steady on twenty nine, Greens down

(01:07:52):
two on ten, the Maori Party to Party Maori is
up three on seven percent. What do you think, Deputy
prime Minister, what does this tell us about sentiment out there?

Speaker 9 (01:08:02):
Well, thanks for the promotion. I'm not the Deputy Prime minister,
but I'll take it from you. Look, I think that
New Zealanders want to see the government focused on the
things that affect them and their families, which is right now.
It's the economy, it's jobs, it's incomes, it's the cost
of living. It's also that they want to see good
education services, they want to see law and order, restored
health services. And yes there's been a significant debate about

(01:08:26):
the Treaty Principal's Bill, and yes there are some voters
who have shifted. But ultimately, as you see, the lead
party and the government, the National Party is holding its vote.

Speaker 3 (01:08:36):
The taxpayer union carrier Pole not so rosy for you. You
lost four point six points to the act Party strategy
seems to be working. Now he's stealing your vote.

Speaker 9 (01:08:48):
Well, looks. As I say, there's a range of polls
out there. We don't try and pay too much attention
to any particular poll. We look at the trend over time,
of course, to be aware of what New Zealand is
thinking and saying, we listen to them and what I'm
hearing in the communities that I've been in is that
they want us really focused on the economy, on education,

(01:09:10):
on health, on making sure our police have the support
they need, and that's what we're focused on.

Speaker 3 (01:09:15):
With Kiwibank. You've gone for the option of potentially an
IPO down the track, but at the moment five hundred
million dollars lent needed from investors. You know your keep,
we say, of funds, etc. Why not go the full IPO.

Speaker 9 (01:09:28):
For two reasons. One, kee We Bank themselves have said
to us we're not going to be ready for that
until around twenty twenty eight because they're in the midst
of a big digital transformation, an investment, and they think
that they'll be better placed for a public offering once
that is complete. Second reason is that we've said that's
not something we'll do in this term of government, but

(01:09:49):
it is something that could happen in a future government.

Speaker 3 (01:09:51):
Are you leaving. Is that a further threat to the
big banks.

Speaker 9 (01:09:57):
Well, I'm not interested in threatening the big I'm interested
be fair.

Speaker 3 (01:10:02):
That's exactly what you did today.

Speaker 9 (01:10:05):
Well, can I tell you what my end goal is here?
My end goal is I want more competitive banking services
for New Zealanders. That means fairer prices, That means a
more innovative services, that means a better range of services.
And what the Commerce Commission and others have said is
we lack robust competition in our banking sector, which means

(01:10:25):
that New Zealand bank users are missing out on some
of the benefits people over the ditch get and people
in other countries around the world get. So what my
end goal is, let's make sure Keywis get a fairer
deal and on the way through YEP. That's going to
involve some disruption to the major banks, and I'm putting
it to them. They have every opportunity to do better,

(01:10:46):
so they can do that today, and I'm asking them to.

Speaker 8 (01:10:49):
Do that exactly.

Speaker 3 (01:10:50):
Yeah, I've heard you say, what exactly are you asking
them to do today?

Speaker 20 (01:10:54):
Well?

Speaker 9 (01:10:55):
The Comments Commission highlighted a few major areas that they
expect the industry to move in one getting on with
open banking so that there can be a greater range
of financial services offered. Two making sure it's easier for
people to switch banks, by improving that service that currently
exists but isn't as effective as it could be. Three

(01:11:16):
by making it easier for customers to compare home loan offers.
So that's just three examples from the Commerce Commission report.
Those are all things the industry have expressed to me
they're keen to do.

Speaker 6 (01:11:26):
Well.

Speaker 9 (01:11:26):
I'm just saying, great, get on with it.

Speaker 3 (01:11:28):
Okay, by when when will this be done?

Speaker 20 (01:11:30):
By?

Speaker 9 (01:11:31):
Well, we're watching closely. The Comments Commission is monitoring the activity,
and my message today was why not do it now?

Speaker 3 (01:11:37):
Well, good question. Let's talk about the latest OECD report
because this is from last week, but it's painting a
pretty bleak picture about the state of our economy at
the moment. With GDP zero point six percent next year,
though we're still only getting to one point four, not
getting to north of two until twenty twenty six, underlying
momentum is weak. You know, we're relying still on importing

(01:12:02):
our migrants who are actually turning their noses up at
us now a little bit in terms of inflows versus outflows.
When does the National Party say, actually, this is we're
taking accountability for this now, well.

Speaker 9 (01:12:17):
We are taking accountability for fixing the things we said
we would. We said step one, you've got to get
inflation under control. You've got to get interest rates coming down.
You've got to work to get your books back and balance.
We've been delivering progress on those fronts, and in fact,
the OECD and their report endorse that and say, look,
you're doing the right thing by being more sensible about
the way that you're spending money. The next thing is

(01:12:39):
we have to move every lever we can to make
this a more productive economy that can grow faster. You're
seeing us do that and our education reforms focusing on
the basics and making sure that we've got those fast
track projects up and running so that they're not mired
in red tape, complexity and delay. By reducing regulation and

(01:13:00):
other areas of the economy, from the Building Act to
the Consumer and Credit Finance Act. You're seeing us consolidate
overseas trade agreements with the new arrangements with the United
Arab Emirates and the GCC. We've got to keep doing
those things, and no one says any one of those
things will deliver a bigger growth number overnight, But collectively,

(01:13:20):
you've got to keep pushing your foot down to the medal.
And this is a government that is.

Speaker 3 (01:13:25):
Your surplus is going to have to be delayed again.
You've got the halfily fiscal update next week and you're
widely I mean, I've spoken to you about this before.
You've basically said, without saying it, that you're going to
have to push the surplus out again to those further
on the right than you, and you've just lost four
and a half points to them who say, actually, you
should be going harder with the cuts, you should be

(01:13:46):
getting back to surplus when you promise to you're just
labor light. What do you say, well, I just reject that.

Speaker 9 (01:13:53):
Now. First budget we delivered twenty three billion dollars worth
of savings beyond what Labor had even contemplated. I do
have some bottom lines though. For me, I want to
ensure that we continue to deliver good frontline services. And yes,
that means more money for schools, more money for the police,

(01:14:13):
more money for the health system, and I don't apologize
for that. I also want to ensure we continue to
have a social safety net so that those who do
become unemployed can look to have some support, but also
that we expect them back into work and have services
to prompt that. So it is about striking the right balance. Ultimately,
I think the thing we can all agree on across

(01:14:35):
the political spectrum is if you want more choices about jobs,
incomes and what you spend money on, you need a
wealthier economy. And that's why we're so focused on rebuilding
the economy so it grows faster and we can have
better choices and future budgets.

Speaker 3 (01:14:50):
Right just before we're hugging the center well and truly there,
which I can't blame you. That's what you've been parties
have got to do, minister, just before you go the
fairies tomorrow we get the announcement on Wednesday.

Speaker 9 (01:15:02):
You will get an announcement this week.

Speaker 3 (01:15:04):
Oh we hang on. Winston said it had to be
by Wednesday, So it has to be either tomorrow or Wednesday,
doesn't it.

Speaker 9 (01:15:10):
He did, and he's a man of his word.

Speaker 21 (01:15:12):
Okay.

Speaker 3 (01:15:13):
And will they have trains on them.

Speaker 9 (01:15:16):
Yes, they will be rail compatible. That has always been
a really important driver for the Cabinet that the connection
across the Cook Strait needs to be one that allows
freight to travel from rail from the North to South Island.
There are ryan a number of ways of achieving Yeah.

Speaker 3 (01:15:32):
So not necessarily the train's going on the ferry, but
just the freight from the trains going on the ferry
and then back on to rail.

Speaker 9 (01:15:40):
Look, there are going to be a range of questions
that I look forward to answering later this week. It's
going to be a big announcement and I think New
Zealanders will get confidence from that announcement that we've taken
prudent steps to secure safe, reliable ferry crossings into the future.

Speaker 3 (01:15:54):
Minister, thank you very much for your time. Much appreciated.
Nikola Willistee, Finance Minister at sixteen after.

Speaker 1 (01:15:59):
Six Analysis from the Experts, bringing you everything you need
to know on the US election. It's the Business Hour
with Heather Duplicy, Allen and my Hr Ehr.

Speaker 2 (01:16:09):
Solution for busy SMEs used Talk.

Speaker 3 (01:16:11):
ZB nineteen after six News Talk CB. Well, we just
had Nicola Willis, the Finance Minister on the program telling
us that she is beefing up Kiwi Bank allowing five
hundred million dollars of extra capital into Kiwibank to try
and bolster it, to try and make it more competitive
against the Australian owned banks and hopefully increase competition in

(01:16:31):
the sector, thereby reducing prices for us. Does that sound
like a pipe drink? Let's go to Shane Solly, Harborrestic Management,
Shane good evening.

Speaker 8 (01:16:38):
Yeah, Hey Ryan, how are you good?

Speaker 3 (01:16:39):
Thank you? Is this plan going to work?

Speaker 8 (01:16:42):
Look?

Speaker 22 (01:16:42):
I think it's a start, right, There's a long way
to go with this business. Assumingly injecting out of five
and ared million into the business provised with a better
competitive start point with strand banks. I think importingly, Merster
Willis has talked about opening up that five hundred bion
to broader range of the You on investors, right, the
q WE says the institutional investors that really open up

(01:17:04):
the taps there and that changes things over the medium term.
And I think so there is there is a bit
of a change in the tone here. Is this is
an important move?

Speaker 3 (01:17:12):
Yeah, you mentioned the institutional and the key WE saver funds,
et cetera. But what about the rest of us. We're
potentially a couple of years away. What does that do
to the share price.

Speaker 8 (01:17:22):
Yeah, look, I think a good point. Ryan.

Speaker 22 (01:17:24):
One of the things is many of us are investors
in qv say this, so you and I will have
a small amount of capital potentially invested in this que
we saver fund before potentially on the twenty twenty eight
post and new digital transformation. So I think, you know,
we've got a long way to go. It's going to
take time for the business to put that kebble of

(01:17:44):
the work, so hopefully they do a good job.

Speaker 3 (01:17:46):
Yeah, have obviously a lot of retric today from the
Finance minister. Have the big banks share prices reacted to
the news, Well.

Speaker 22 (01:17:53):
I think it's earlier, right, It's going to take time
for investors to really analyze what this revised financial politi
in it and what the Reserve bank expectations changed mean.
You know, we are going to watch closely what the
risk waiting for bank lending and the minimum capital requirements
for new entrants. Those they're probably the two biggies as
soon as the announcements. But yeah, look, the initial reaction

(01:18:14):
was was pretty muted. National Australian Bank share price was
actually down a half a percent to thirty eight sixty
Australian we's packed twenty flat thirty two seventy seven Australian
CBA actually up one percent to one hundred and fifty
eight dollars eighty Australian. There interesting one where's amz That
shear price was down to three point four percent to
Australian thirty dollars ten. The current chief executive officer, Shane

(01:18:35):
Elliott has retired and as replacement is a chap called
Nuna Matos who's come from HSBC. So the market was
kind of a bit there. So no I think in today,
no reaction from the Australian banks at this stage. But look,
you know, give it twenty four hours, maybe some move tomorrow.

Speaker 3 (01:18:53):
All right, we'll keep an eye on it. What about
Aulkland International Airport? Obviously the council has sold off its years.

Speaker 22 (01:18:57):
Any change, Yeah, Look, I think what we've seen is
that saildown was really well accepted by a wide range
of investors.

Speaker 8 (01:19:06):
It increases this investable pool for us and our Kivy Savers,
Ryan and others.

Speaker 22 (01:19:11):
And so we have actually seen the ship Rice go
up again today, up another two point seven to eight
dollars thirty four and one of the main reasons was
because it's waiting in the benchmark Insodex fifty. That's the
one that many people's qvs that are a match too
went up really good demand, and I think that opens
the door for either quale defensive businesses to potentially sell

(01:19:33):
it on blocks. And if I think about some of
the council in stakes and say port A Terra or
make your port and even some of the US government
owned stakes and companies like Meridian, Mercury Genesis and of
course KIV Bank.

Speaker 3 (01:19:44):
Today, Yeah, yeah, I see Jerome Powell. Trump has said
you can keep your job for now. I think I
think he's on our turn three to twenty twenty six.
But the Fed obviously making another rate cut decision. We
had weaker US unemployment data come out, softer US unemployment
dot to come out last week. What do you pick?

Speaker 22 (01:20:01):
Yeah, look, I think we are on track for the
Fed to cut another point two five percent that's due
next week on the eighteenth, and the market is certainly
baked and about eighty five percent probably that occurring after
these weaker unemployment data. That helping me see all that
ran that the US FED speakers there's been sort of
go now we can perhaps tape taper the pace of

(01:20:22):
rate cups. That activity is really strong in the US,
it's robust in certainly inflation it's slowing, but we're just
keeping an eye it. But yeah, the odds are that
they're going to cut another point two five percent.

Speaker 3 (01:20:33):
The Chinese Central Economic Work Conference. Sell it to me, Shane, Yeah.

Speaker 8 (01:20:38):
It's one that's a bit of a sleeper people don't
keep an eye on, and you've.

Speaker 20 (01:20:42):
Picked it up.

Speaker 22 (01:20:42):
Well, it's an extension of the Poop Bureau meeting that
happened a few months ago when the Chinese government actually
have a bunch of difference policies to try and stimulate
the economy.

Speaker 6 (01:20:51):
Act.

Speaker 8 (01:20:52):
Of course, we're in a Trump trade war two point
zero environment.

Speaker 22 (01:20:56):
Now the Chinese regulators can perhaps see some of the
policy coming down. We're to be looking for policies that
support domestic demand next year, particularly in property and consumption now,
and this is are pretty cautious about getting too much out.
We're not expecting a lot, but there could be some upside,
particularly for New zeal And goods and services explorers, if
we do see some more stimular staff to come through.

(01:21:16):
The Chinese economy obviously been pretty slow with the last
few years.

Speaker 3 (01:21:19):
Yeah, absolutely crucial for us and really interesting and alysis Shane,
thank you very much. Shane Soley the harbor asset management
with us this evening just gone twenty four minutes after six.
You're on Newstalks Bill, get some of your feedback next. Also,
the guy that might take over Syria from Bisher Alis sat.

Speaker 1 (01:21:35):
Crunching the numbers and getting the results. It's Ryan Bridge
with the Business Hour thanks to my HR the HR
solution for busy Smmy's on News Talk ZB.

Speaker 3 (01:21:46):
Twenty seven after six. Donald Trump, before the election was
talking about tariff's, tariff's tariffs, and everyone says, don't worry
the threat. You know, his bark will be bigger than
his bite. While today he was on one of the
network's NBC over in the United States and he reiterated
his favorite word in the English language.

Speaker 2 (01:22:03):
I'm a big believer in tariff's.

Speaker 14 (01:22:05):
I think tariffs are the most beautiful word.

Speaker 16 (01:22:06):
I think they're beautiful.

Speaker 14 (01:22:07):
It's going to make us rich now.

Speaker 3 (01:22:09):
To be fair, he was speaking exclusively there about the
three biggest trading partners in the United States in Canada, Mexico
and China. So should we be worried down here in
little Old New Zealand. Well, we should be as worried
as the work that our diplomats are putting in over
in America. And I'm looking at thinking of our embassy
over in Washington, DC right now. They have a big

(01:22:30):
job ahead of them. They need to be schmoozing and
whining and dining and partying with anyone even loosely associated
with the Republicans and Donald Trump to get us on
curry some favor with them so that we don't get
hit with these tariffs. How long have we got here? Nope,
not long? Okay. I'll tell you after the News at

(01:22:52):
half six about the transformation from a jihadi rebel to
potentially a president with Syria.

Speaker 2 (01:23:10):
Whether it's macro micro or just playing economics.

Speaker 1 (01:23:13):
It's all on the Business Hour with Ryan Bridge and
my HR the HR Solution for busy SMEs used TALKSB.

Speaker 3 (01:23:31):
Twenty four away from seven newsporg ZB. I'm Ryan Bridge
and for here the great to have you coming this
evening and I tell you what we're going to get
to the UK are UK correspondent Gainning By just before
seven this evening. We're going to talk standards for insulation
in just a second. But I wanted to bring you
your attention to the guy who potentially might replacesher Alissad
as the man who essentially leads Syria. And what a transformation.

(01:23:54):
Just imagine this. You're you're a gee hardy rebel fighting
in the desert, and how do you make that transformation
into you know, somebody of the caliber to be president
of a country lank Syria. Well, you change your name basically,
and you have a makeover. It's essentially what this guy
has been doing. His name is Abu Muhammad al Jalani.

(01:24:18):
He is the head of the HTS, one of the
rebel groups that we've been hearing about in the news
over the last couple of days. And what he's been
doing in his communic case since Thursday has been using
a different name. He has dropped his non degear and
he is now using his real name, which is Arhmed
al Shahrah. So he's changed his name. That is step

(01:24:40):
number one to becoming you know, I suppose establishment like
Step number two is changed a wardrobe. Once clad in
traditional jihadist militant attire, he has adopted a more western
style wardrobe over the last several years, and commentators say
that these are signs that he wants the job and
that he's out to get it. Twenty three away from

(01:25:01):
seven Ryan Bridge, the government has decided not to roll
back the new insulation standards that were introduced last year.
The Construction Minister, Chris Penk organized a review of the
H one standards after reports that they made building a
new house cost forty to fifty thousand dollars more. But
there was a backlash from the industry and now the
Minister is going to keep the standards but makes some

(01:25:21):
changes to them. The changes are going out for public consultation.
Malcolm Fleming is the chief executive of Certifiabilities with me now,
good evening.

Speaker 20 (01:25:30):
Fighting me on to your show not a problem.

Speaker 3 (01:25:33):
It's a pleasure to have you here. Are you pleased
with this outcome not dropping the standards altogether?

Speaker 20 (01:25:39):
Yes we are, And he's introduced the Minister has introduced
a change in terms of eliminating the availability of what
they call in scheduling method to assess the insallation available
in the house and that change has been well with signals.
It signaled and presents a sensible solution and demonstrates that

(01:26:02):
the Minister has listened to the industry on this matter.

Speaker 3 (01:26:04):
Did he get it wrong initially when he said, you
know it was it was forty to fifty grand per house.

Speaker 20 (01:26:11):
Yeah, we're advocating strongly to the Minister that that sort
of level of cost was a little bit over blind
and to demonstrate that, we surveyed a membership base. But
we also did a case study with a new ended
CV Design studios and when using the more sophisticated calculation method,
which you're going to have to either use that or

(01:26:32):
even more sophisticated modeling method going forward, it demonstrated that
the costs impact on a new home, a standard sized
home were pretty minimal. The Minister's officials did the same
sort of numbers and came up the same scenerism.

Speaker 3 (01:26:46):
Right, And when you're talking about, just for those who
aren't in the know, when you're talking about the modeling
method that you're now going to be able to use
that enables designers to adjust the things, adjust the insulation
levels of things like walls and seas and underfloor, et cetera.

Speaker 20 (01:27:02):
Yeah, So there's been three types that you can use.
The now defunct schedule method, which uses a table that
was described I think I'm well described, butle I see
in the Minister's also described as a blunt instrument, which
it is that's no longer available going forward. So the
more sophisticated methods, which are calculation which is an online

(01:27:24):
calculator method, or the modern method which is descripted is software.
Both of those are more sophisticated. They drive down the cost.
They provide the designer and the build of greater hands
ability as.

Speaker 3 (01:27:36):
Well, so it's more targeted. Essentially, it's more bespoke for
each house, and therefore you're not potentially ramming insulation into
a house that doesn't need.

Speaker 20 (01:27:48):
The best way to describe it, both those more sophisticated
methods which we now need to use look at the
house holistically, the whole house and its entirety, rather than
elevation or material singularly, and that's the big difference, and
it drives down costs when you use those.

Speaker 3 (01:28:06):
Bigger problem here, of course for the rest of us
who are maybe trying to renovate or maybe trying to build,
is that the price of building a house has gone up.
I think the must have said over the last couple
of years, what do we do about that?

Speaker 20 (01:28:18):
We need to drive down the cost of building, and
there's there a number of ways of doing that. The
government's tackled some of that. We're heading some headlines recently
with looking to utilize building products from overseas and they
are looking at from trusted jurisdictions. That's not the single answer,
but it's part of the suite of options that they're

(01:28:39):
looking at. They're also doing quite a lot of work
in the compliance cutting area as well and putting streamlining
the process which requires the buildings and designers to pick
up some more of that risk. So those are being
consulted with currently and as a suite of package could
well lead to some costs savings. We agree with the

(01:29:01):
Minister that the price of building in New Zeand is
too high and we're determined to do something about it.

Speaker 3 (01:29:06):
You'll submit on these consultations on the changes, presumably, is
there anything in there that you would like to you
know that you will that you will submit to amend.

Speaker 20 (01:29:16):
In terms of these particular.

Speaker 3 (01:29:19):
H one changes.

Speaker 20 (01:29:22):
No, we're pretty happy with where we're lunded with H one.

Speaker 3 (01:29:25):
So basically, he came out, he said something outrageous. You responded,
He listened. Everyone's happy.

Speaker 20 (01:29:32):
It's pretty much a good summary. We're lot for of
the submission in terms of the detail, but as the outline,
the board brush outline it has been proposed, demonstrates that
he has indeed listened and that industry would be supportive
of this change.

Speaker 3 (01:29:48):
Malcolm Fleming, Chief Executive, Certified Builders, thank you very much
for your time. It is just gone, which begs the question,
I mean, was it worth it in the first place?
We have saved ourselves all of this time and energy
and effort. Pose at least there was a change, and
as Malcolm outline, there was a change going from the
more prescriptive scheduling method which I didn't know about before

(01:30:09):
this whole issue came up, to the modeling or to
the calculation method.

Speaker 20 (01:30:13):
So there you go.

Speaker 3 (01:30:14):
Things you didn't know about building, the intricacies of building
a house. Eighteen to sex News.

Speaker 1 (01:30:19):
TALKSB, everything from SMEs to the big corporates, The Business
Hour with Ryan Bridge and MYHR, the HR solution for
busy sm on News TALKSB.

Speaker 3 (01:30:31):
It has just gone Quarters to seven News Talks'd be
great to have your company tonight. Lots of feedback on
the government's moves on key we Bank we'll get to
that in a second. Also, i'll tell you about some
numbers on boot camps that might surprise you when you
look at the success of boot camps versus the success
of Labour's circuit breaker program. Now it is early days
for boot camps, but I'll get to those numbers in

(01:30:52):
just a second. Two. Right now, we're going to our
UK correspondent, Gavin Gray, who's standing by Gavin. Good evening,
Good morning to you, I should say, the UK Chancellor
is off to talk with the European leaders. Why has
this got some feeling about jittery.

Speaker 23 (01:31:08):
Because it is the first meeting between Chancellor of the UK,
in this case Rachel Reeves and European counterparts. And the
reason it's got people jittery here is that is the
first meeting that's been organized talking of breaking down barriers
to trade in closer, a resetting of relationships, closer relationships,

(01:31:29):
and it's the first meeting since Brexit. So many Brexiteers
believe that this may be a sort of soft way
of trying to pave the way to closer links to
the EU and a potential unraveling of Brexit. Now there'll
be some who think, well, good, you know, that's what
we need. But this is going to be extremely difficult
for this government to try and sort of tack a path,

(01:31:51):
a middle ground path. It has repeatedly said that it
does not want to rejoin the Block, but this government
has since it got elected in July repeatedly says it
does want to deepen ties with the EU.

Speaker 3 (01:32:04):
Well, that's good.

Speaker 23 (01:32:05):
Everyone of course will be happy if there's better trade.
The problem is twofold. The first, really, I think, is
that it looks like Donald Trump is going to want
to sort of either you choose the US or you
choose the EU kind of decision from the UK. We'll
wait to see that that is likely or unlikely, but

(01:32:25):
many people believe he's going to be much much better
for the UK if we decide to sort of lean
towards him more in the Americas rather than European Union.
But another big problem, of course, is that the European
Union may want something back in return if we decide
that we want things from them, And of course the
big question is what would the UK give up for that.

(01:32:47):
So Riggerieve's talking to those leaders a little later on today.

Speaker 3 (01:32:50):
Interesting and the Notre Dame Cathedral has held its first
mess since it reopened, Yes.

Speaker 23 (01:32:57):
And a really really big ceremonies you could imagine that
was for the VIPs, but its first mass in those
five years is a massive, massive mark, and it was
one of those occasions when France sort of went all
out on on a big push, as you could imagine,
and there were bishops from around the world, one hundred

(01:33:17):
and seventy bishops plus one priest from each of the
Paris is of the Paris Diocese. The work that's gone
on for five years, costing what's said to be getting
on for about one point eight billion New Zealand dollars,
which has mostly come from donations around the world, involved
some two thousand masons and carpenters a restorers roof as

(01:33:38):
sculptors engineers on this project since that awful fire which
saw it virtually gutted as a building. And of course
the French President Emmanuel Macron in the mass as well
part of the liturgy, and he was no doubt hoping
that this would be some positive news for him after
a fortnight of political turmoil with the resignation of his

(01:34:00):
Prime minister and complete instability and chaos at the heart
of government in France At the moment, all eyes were
on the guest list for the VIP opening, which had
a head which went ahead prior to that first mass.
Donald Trump from America there and interesting Troice France, I think,
desperate to get better relations as well with the US,

(01:34:20):
of course. But Donald Trump meeting Prince William for the
first time, or rather bath for another time, rather but
meeting him at that event and then telling everyone else
in the crowd what a good man he was. It's
an unkwow, unusual way of soft diplomacy here right.

Speaker 3 (01:34:35):
What happened when a fifteen year old Australian flew to
the UK just to see a local derby between Liverpool
and Everton.

Speaker 23 (01:34:41):
Ah, great, great story this so the Mackenzie kinsella fifteen
years old and from Sydney, a huge fan of Everton
football team up in the northwest of England. His parents
said no, we can't afford you to go, it's too expensive.
So he started to save, save, save money like mad
and one to come and watch Everton play their final

(01:35:02):
match at their historic Goodison Park home stadium before they move.
And it's the last derby that's the local match between
Liverpool and Everton that he wanted to come and see well.
Sadly he coincided his visit and that derby coincided with
a huge storm sweeping through the UK, and most unusually,

(01:35:23):
that football match was called off and postponed because of
the storm and the strong winds. Naturally, he couldn't believe
it had come all the way here spend all his
money anyway, as he said himself, every cloud has a
silver lining. The captain of the Everton team saw his
plight in the media and on social media and he's

(01:35:43):
been invited to meet the team personally today and see
them at their training ground and well, as you can imagine,
as he said, every cloud, how's a silver appage?

Speaker 3 (01:35:52):
Sidney sounds like Gavin. Thank you very much for that.
Rep Gevin Gray, our UK correspondent. It is nine to six,
Bryan Bridge, seven. Forgive me. It's an odd time of
day for me to be awake. Now. A two really
good interesting texts from you this evening which I want
to read out. And this is in relation to the
police and their breath testing. So they do breath testing
and they do speed tickets and they have targets they

(01:36:14):
have to meet in order to get funding for these,
and they missed the speed camera the speeding ticket requirement
quota on open roads, which is interesting one you think
that perhaps that would be the one they go for,
considering public sentiment around that. However, on the breath testing,
a really interesting one has come in. This is on
the breath tests. Have you not noticed that all the

(01:36:35):
tests are done between ten and noon and again between
two and four in the afternoon in built up areas.
I have noticed this, So this is why this text
appeals to me. They process zillions of tests knowing there
will be few over hence the high numbers given for
the target. Ask the question what percentage exceeding the breath
limit was recorded? It will be minor or get the

(01:36:58):
breakdowns of times, but bugger all will be done between
eight pm and two am, when there is the highest risk.
It's a really good point and a question we will
ask because it is worth asking. Ryan. This is on speed.
As a ex police officer, I feel quite worried that
in the twelve years I've been here, I've not seen
a stationary traffic car or speed camera up my very

(01:37:19):
busy rural road behind Kitty Kitty. We've had a fatality
and a number of terrible accidents and I traveled this
road twice a day and nothing money for jam for
the government. If you ask me, it is the wild
West here up north. Kind regards, Rod, Rod, thank you
for your message. Eight minutes away from seven News TALKSHITB.

Speaker 1 (01:37:38):
Getting ready for a new administration in the US, what
will be the impact? It's the Business Hour with Heather Duplicy,
Allen and MYHR. The HR solution for busy SMEs News
Talks B.

Speaker 3 (01:37:51):
Five to seven News Talks. HEBM Ryan Bridgen for Heather.
Do you buy your wife for Christmas present? Apparently a
lot of men don't do this, and why wouldn't you.
I mean, these wives women usually do everything for you
and for your family every year, all year, and you
don't even get them a Christmas present. This has all
gone viral on TikTok. For everything's going viral on TikTok,

(01:38:13):
but this has gone viral on TikTok. A video of
Aubrey Jones, who's I think Australian or perhaps American anyway,
we'll soon hear the accent and her husband Josh. Now
for ten years, Josh hasn't bought Aubrey a Christmas gift.
They've got six kids. She gets a stocking for each
of the kids and for him and for the dog

(01:38:36):
every year for ten years and one year she leaves
her sack empty, her stocking empty, right, And so she
films what happens when he's going around saying, Oh, there's
a stocking for you, a stocking for you.

Speaker 6 (01:38:45):
Have a listen, there's my stocking over there.

Speaker 20 (01:38:49):
You're stocking this is this?

Speaker 6 (01:38:52):
Is this an extra one that's mine? I don't know answer,
didn't you come for me?

Speaker 16 (01:39:05):
Awkward?

Speaker 3 (01:39:06):
It sounds kind of nice, but actually when you watch
the video, she looks close to tears. The poor thing.
My only problem with this video is why if you
are the wife and you want your husband to get
you a gift and you wait ten years, why wait
in silence? Just tell them you want a gift, you know,
I think things could be a lot easier. Anyway, it's

(01:39:27):
gone viral. Lots of wives and couples in general are
relating to this content. So my advice was Christmas, guys,
if you can't be bothered getting your wife a gift,
your poor hard working wife a gift for Christmas, and
the only solution I suppose you either get them a gift,
or take the other easy option, which I have personal

(01:39:50):
experience with, and get a husband. They're far less maintenance.

Speaker 2 (01:39:53):
Bryan Bridge, three.

Speaker 3 (01:39:54):
Away from seven. Great to be with you this evening,
this afternoon. What song we're going out with today?

Speaker 16 (01:39:59):
An Shake It Off?

Speaker 3 (01:40:00):
By Taylor Swift.

Speaker 21 (01:40:01):
She's currently doing the very last stop in her eras
tour that has run for a year and a bit
now over in Vancouver.

Speaker 3 (01:40:06):
Brilliant and she's made a billion bucks off it too.
And I'm not playing you the version from the clock
because you didn't like that one.

Speaker 14 (01:40:11):
This is the other recording one.

Speaker 3 (01:40:13):
Thanks and thank you for listening. See tomorrow

Speaker 1 (01:40:19):
For more from Hither Duplessy Allen Drive listen live to
news Talks it'd be from four pm weekdays, or follow
the podcast on iHeartRadio.

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