Full Show Podcast: 17 December 2025

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Pressing the newsmakers to get the real story.

Speaker 2 (00:03):
It's Ryan Bridge on hither duperic Ellen dry with one
New Zealand coverage like no one else.

Speaker 1 (00:10):
New Saw said, be good.

Speaker 3 (00:11):
Afternoon, seven after four on your Wednesday. We'll look this
afternoon at the mixed skimming home detention sentence. We've also
got the judges warning for parents. We've got good news
on retail crime. Barry breaks down this John Summerheady trust business,
the able Tasman, the Great Walk is being handed back
to Mardi. Does anything change for trampers? And are there
isis training camps in the Philippines? Ryan Bridge, great to

(00:34):
have your company. I know you shouldn't count your chickens
before they hatch, but can we just take a minute,
just a little second to look, appreciate and celebrate the
good economic news that's coming out at the moment. Government
books aside because that wasn't so great yesterday. Tomorrow's GDP
read will show that we bounced back with a little
spring in our step for quarter three close to one

(00:55):
percent growth. They reckon what's more tomorrow That shocking read
for quarter two that we all hated had us diving
under our desks that should be revised down because it
wasn't actually as bad as the top line number that
we were given to begin with. Today, consumer confidence is
on the rebound. New Zealand fantastic news. This is the

(01:16):
Westpac McDermott Miller survey. It's up five point six points.
This is the highest level this year. Now it is
still slightly below one hundred, which means we're still a
little more glass half empty than half full. But it's
going in the right direction, as are the seek job adds,
as are most of the numbers that move first when
a recovery is underway. Now I say all of this

(01:38):
completely aware that we have been here before, and we
have fired blanks. We've had many a false storm or
a false start. But barring any major cockups, this recovery
feels like it's real and starting to actually happen. The
missing ingredient, of course, is house prices, which are either
sideways or backwards for most regions. That's the liquor in

(02:01):
your Irish coffee that really gets things moving on the
economic front generally. But this recovery will happen without it.
It won't be soorring property prices that give birth to
this recovery. It won't start in an auction room with
a hammer going down on a four million dollar two
Betty in sandring him. What's going to drive this recovery

(02:22):
and make it probably more of a gradual one is
confidence in our agricultural exporters, lower mortgage interest rates, and
I think, more than anything, a feeling that we are
just sick of being in this position. Aren't you tired
of it? The ironic truth of it is that in
order to get us out of this malaise, we must
spend money, rather than save it, which is kind of

(02:44):
your instinct when these things happen, we must go out
and buy stuff. So this Christmas, take that confidence to
your nearest shopping mall, and tonight I can report I'm
doing exactly that. Westfield I've checked this morning is open
till ten pm. I've found it. I need to buy,
I'd want to buy. I'm going to buy, and I've
been eyeing it up today. I'm ready to push play.

(03:06):
I'm ready to push play on summer, on spending, and
on an economic Christmas miracle.

Speaker 4 (03:12):
Crayon Bridge nine two nine two is the number to
text what are you going to buy?

Speaker 3 (03:23):
What are you going to buy to support the economy,
that's your question. This afternoon nineteen nine two. Now there's
been a if you're in the shops, you may notice this,
a notable drop in violent crime being reported by retailers
this year. Retail crime intelligence company AURA has found the
use of weapons is down twelve percent, violent events down
six percent, threatening events down five Meanwhile, in Australia the

(03:47):
same kinds of incidents are trending upwards. Or Vice president
Nick McDonnell is with me this afternoon. Nick. Good, afternoon, afternoon, Ryan,
How are you very well? Thank you? So how do
we know that? Is this just in the areas where
your cameras are recording?

Speaker 5 (04:06):
Yeah, so we're not a camera company. A retailer will
put the information into our system like a database of
information that they've already captured themselves, and they'll put in
the characteristics of an offense or an incident in their store.
And what they'll do is they'll tag it whether it's
had a weapon involved, or it's been violent or threatening,

(04:27):
those sorts of things, and that's where that's where the
data comes from. And it is obviously for people who
are customers of ours, but that's quite a large spread
across the country.

Speaker 3 (04:38):
And what do people tell you, like, why is this happening?
Do you think, Well, I.

Speaker 5 (04:43):
Think New Zealand has been very leading in terms of
its adoption of technology in this space. So one of
the big things is ten percent of people are causing
sixty percent of the crime in retail, and we know
that that ten percent six or four to six times
more likely to be violent. But you have to surface

(05:05):
that information in order to find the patterns and in
order to find the people causing the most harm. And
retailers have really led the way and leaning into it,
and then the police on the other side of the
system have also lent into this earlier than other markets
and are really collaborating together through the platform. But it's
that recognition that retail crime is a really high volume

(05:28):
crime type. You can't overwhelm the system with every incident.
So if you use the technology to really make sense
of the information, that allows you to focus your resources
more effectively.

Speaker 3 (05:39):
And does that mean we are identifying people who you know?
You said the ten percent? Are we identifying the repeat
offenders and not letting them into shops? And that's why
it's coming down.

Speaker 5 (05:51):
It can be a combination right, So you are identifying them,
you are visiting to those people the event vents that
previously would have been seen as isolated incidents. So you're
actually saying this one person has caused ten events, rather
than there's ten different people causing ten events. And that

(06:12):
then allows police to be able to go pick up
or investigate those high harm offenders that are having the
most amount of impact. And if you're picking up those people,
you're taking them out of circulation, or you're doing whatever
else you need to do to prevent further crime.

Speaker 3 (06:28):
Nick, really appreciate that.

Speaker 6 (06:29):
Up.

Speaker 3 (06:30):
Thank you. That's Nick McDonell, who is with AURA vice president.
It is thirteen minutes after four news talk ZB now
a lot of you texting in them with what you're
doing to support the economic recovery. Already, Ryan, I bought
a tent in an airbed. Husband convinced me to buy
a Snorkel set and life jackets. Bring on some and
see this is what I'm talking about. Get out there
and spend New Zealand.

Speaker 7 (06:52):
Don't buy a tent tonight though, because Ryan needs to
get to the ball in time to buy it. We
can't have it out of stock when Ryan gets there.

Speaker 3 (06:58):
No, we were talking about this earlier, have I sort
of because I found it online this morning, but I
haven't actually bought it yet, but I know it's in
the store. So what I did after you mentioned that
today is I got my husband to go and purchase
it online and I will just pass.

Speaker 7 (07:14):
Oh okay, all right, then mind buy as many tens
as you want.

Speaker 3 (07:16):
Everybody, Yes, So it's it. And actually I say all
of this, and actually what I'm doing is buying one
that's heavily discounted. It's got fifty percent off. So while
I'm here saying go out and spend your money, I mean,
you still look for a deal, don't you.

Speaker 7 (07:32):
And you said it would be a gradual recovery as.

Speaker 3 (07:33):
Well, exactly exactly, so there was a caveat there. But
so it's a it's got fifty percent off. So a
lot of stores already doing their Boxing Day sales. You
know how the Black Friday thing became the Black Month.
Well it looks like they're doing the same thing with
Boxing Day, which is great, So get out there. Fourteen
minutes after four news Talk SEBB.

Speaker 2 (07:53):
It's the Heather Dupers Alan Drive Full Show podcast on
iHeartRadio powered by News TALKSB.

Speaker 3 (08:00):
News Talk, said b. It is seventeen minutes after four.
I'm glad you're all out spending. Gosh, the list is growing. Next,
I don't know if this counts. And next, says Ryan,
I'll be purchasing several large heinekens from my local tavern
more regularly. That's not what I'm talking about. I'm talking
about going out there and buying something that's not just
a consumable lacking. You know, you're going to buy a

(08:20):
pie tomorrow. I mean you were going to eat anyway,
you know, So anyway, we'll get to those texts in
just a second. It is seventeen after four.

Speaker 2 (08:27):
Sport with a tab app download and get your bed
on R eighteen bit responsibly.

Speaker 3 (08:32):
Darcy's here. Hey Darcy, you've got some sports news. Good
baboon and I've got some sports news for you today.
Oh really, should we do a trade?

Speaker 6 (08:40):
Oh?

Speaker 8 (08:40):
I like it? You start?

Speaker 3 (08:42):
Okay, all right, you know that the FIFA thing, the price.

Speaker 8 (08:45):
Fef thing, well, the biggest sporting organization in the world,
that thing.

Speaker 3 (08:49):
The prices at that No wonder they're so big. You're
seeing what they're charged charging like wounded bulls. But what
they've done because the PR disaster, which you'll know about
because you're in you know, you're in the sport world.
They've come out with sixty dollars tickets really how many?

Speaker 1 (09:03):
Four?

Speaker 2 (09:03):
Well?

Speaker 3 (09:04):
Good question, So one point six percent of all available
tickets will be six capped at sixty dollars and.

Speaker 8 (09:12):
Now they would have sold yesterday. Well so this is
this is really winning a PR battle.

Speaker 3 (09:18):
But this is what I wanted to ask you about.
Because they allocating them to each team, so each team
will get a certain number. But then who do they
how do they sell tickets to the fee for World Cup?
You know, like, well will our team be said? It doesn't.

Speaker 8 (09:32):
I had to say it, Ryan, You're telling the story,
not me. So ask yourself for questions and if you
can't answer them, we'll consider a successful interview.

Speaker 3 (09:40):
Don't ask them all right, Well we might come back
to that later on. Now Ashes Test to three is underway.

Speaker 8 (09:46):
Yeah, Australia chose to bet they won the toss. A
small problem with Steve Smith. He's got vertigo.

Speaker 9 (09:53):
You had vertigo before?

Speaker 3 (09:54):
No, I haven't had it, horrid.

Speaker 8 (09:56):
I've experienced the joy of vertigo, so you can't. So
he's not playing, so it was my Kwaja wasn't going
to be playing, so he's been a last minute ringing
I suppose for Steve Smith. Now the Aussies are currently
sitting at one hundred and forty nine for fur so
they lost to quick Wickt's a head's gone opening, whether
all's gone opening a lablu? Shane gone as well at

(10:19):
Green who just sold for the most expensive price for
a foreign player in the IPL. So he's celebrating as
riches and he got out for a duck. I'm not laughing.

Speaker 9 (10:30):
But who's at the crease having the time.

Speaker 8 (10:32):
Of their life? Carry who's a great players on thirty
four was Man Cowaja. He's on sixty one. He was
out for all money Smith got ill he come roping in.
He's at finding it nothing to lose. He smassed himself
a half century Windy, so he's still out there right now.
He's sixty one Carriers on thirty four. You' even know
this test might last more than a couple of days.

Speaker 3 (10:54):
Well that had been fans, wouldn't it Now? On the
show tonight, the pacifica franchise wanting to break into the NRL.

Speaker 8 (10:59):
Yeah, it's another one. There are so many but as
opposed from the Orca and Willington and the KA and
all the other ideas that have come from down there,
this one is purely based in Auckland. And we're going
to talk to Jeff Brown about that tonight. He's the
bid lead. It's very embryonic at the stage, but he
talks a big game, talks about how important it would

(11:21):
be to have a Pacific at rugby league team, not
the rugby union team. The big question is is can
two rugby league teams survive up here in the NRAL
along with two rugby union teams along with a football
team and where they play because he's not enough Stadia
up here. But look, where there's a will, there's a way,
or as some people say, there's a will there's a wake,

(11:43):
which is a little tasteless, but it's quite a good
saying it might happen.

Speaker 1 (11:47):
We go man.

Speaker 8 (11:47):
And also I went out tonight to this morning to
the opening of the Sir Colin Giltrap Raceway and I
sat around with Scott Dixon, had a good yar with
him about life, the universe and everything. And that'll be
playing ten night on the show as well o'clock are
Zach folks as well. We're talking cricket.

Speaker 3 (12:06):
Thank you twenty one minutes after four News talks b
Darcy here at seven o'clock. Next i'll get to your
text on what you're buying to support the economy. Thank
you very much on behalf of all retailers. But we'll
also talk about Trump and you know the Venezuela situation.
It's very interesting. It's because he's he's going after the boats.
The boats are carrying oil. What's happening to the price

(12:27):
of that oil? That's next cutting through.

Speaker 1 (12:30):
The noise to get the facts.

Speaker 2 (12:32):
It's Ryan Bridge on either duplicy Ellen Drive with one
New Zealand coverage like no one else News talks.

Speaker 3 (12:38):
The'd be We'll get to Jonathan Kursley, a US correspondent
after News at half four. So Trump is ordering a
blockade on oil tankers coming in and out of Venezuela.
And you know he's been going after these oil tankers
for a while now and a seized one, so this
is just a continuation of that basically. But what's happening
with the price of oil on board the tankers is

(13:00):
quite interesting because the vessel owners have a war clause
in their contracts that they're delivering oil to basically Chinese
refineries usually, and they've got a war clause in their
contracts because they are worried about an interception by the US.
And so what they reckon has happened since Trump's gone

(13:21):
after the vessels, after the oil tankers is that the
price per barrel of crude oil has dropped by about
twenty dollars per barrel. There's a discount being applied to
account for the risk. So basically it means that Maduro
is getting much less for his per barrel of oil.

(13:41):
So even though they might not be seizing every ship
or stopping every ship, even though that's what they're promising
to do, the price is coming down. So the squeeze
is coming on the oil industry. The squeeze is coming
on Venezuela and by association Maduro. There you go, twenty
five minutes after four. Now on the tech to the football.

(14:01):
The cheaper tickets that we spoke about with Darcy, So
the New Zealand Football has come out and they've said
they are been given access to so they're sixty bucks
a ticket because otherwise it was going to cost you
arm on a leg to go to the fee for
World Cup. They have been given access to a set
number of tickets, approximately eight percent of the stadium capacity
for each match, and they can make those cheap tickets

(14:23):
available sixty US to fans, player, families, and partners. So
I sort of thought this would just be a you know,
an all in for you know, any man and his dog.
But apparently they're setting up a football Farno priority pass
for fans who are interested in attending, and it sounds
like they will prioritize partners, families then fans. I mean,

(14:47):
I suppose they're all fans, but that's how it's going
to work. Thank you to everybody who is going out
and making purchases to support the economy and the recovery. Ryan,
I spent three six hundred dollars on a replacement transmission
for my car. It's a Toyota Corolla. It's the daugh
To Summer for me. Good on you, Logan, Thank you.
Sharon's bought a new lounge suite six thousand dollars worth

(15:11):
New Zealand wool carpet. Gosh, Sharon, you've been spending ten
grand on that. Good on you for keeping it local.

Speaker 1 (15:18):
Ryan.

Speaker 3 (15:18):
We've done. Our bit just purchased a four burner barbecue.
Had a trial coick up last evening. What a beauty.
That's a happy Daryl, Darryl, thank you for that. And
someone else says, Ryan, get a blow up tent. It
is a blow up one, and she'll tell you the
brand I'm going to buy and you can give me
some advice on it before. Well I've already bought it,
so who cares? But yes, hopefully the blow up thing
works well, Newstalk said b back after news.

Speaker 2 (15:42):
Hard questions strong opinion, Ryan Bridge on Heather Dui c
Ellen drive with One New Zealand and the power of
satellite Mobile News talks EDB.

Speaker 6 (15:54):
Here is current.

Speaker 3 (15:57):
Twenty five year on Newstalks dB to heavy company. We'll
get to our US correspondent, truly, Barry Soper on the
one p DT of trust in just a few seconds
after six. We're going to talk about the Reserve Bank.
You know they brought in those capital requirements, said to
the retail banks, you've got to hold all this money
so that the system is safe and doesn't collapse and
fall over, and they basically completely overcooked it. Well, they

(16:20):
had a review. Now they have announced the new capital requirements.
In theory that means that we will get lower interest rates.
Does anyone believe that?

Speaker 1 (16:28):
No, you do not.

Speaker 3 (16:29):
We'll speak to Mark Wiltshire. He's the CEO of the
co Op Bank. He's with us after six this evening
news Talk said, b let's take a look at what's
going on around the world.

Speaker 2 (16:38):
It's the world wires on news Talks drive to.

Speaker 3 (16:42):
Australia and the Bondai attacked. Premier chrismins is defending the
police response. Turns out they only had two cops on
the job for this hunker event.

Speaker 10 (16:49):
Several police officers and engaged with side arms from fifty
meters away, fighting and firing with someone who had a
long arm and a tactical advantage o the New South
Wales police.

Speaker 1 (17:01):
So they did engage.

Speaker 10 (17:03):
Two police officers in critical condition in New South Wales
hospitals were shot in the front.

Speaker 3 (17:07):
Now he's also just announced that the New South Wales
government might temporarily stop permission, not grant permission for protests.

Speaker 10 (17:15):
Protests right now in Sydney would be incredibly terrible.

Speaker 1 (17:21):
For our community.

Speaker 10 (17:22):
In fact, they would rip apart our community, particularly protests
about international events to the US.

Speaker 3 (17:28):
Now Hollywood director Rob Ryner's son has been charged with
the murder of his parents. He's the LA District Attorney.
Just a few moments.

Speaker 11 (17:35):
Agob Reiner was a brilliant actor and director. His wife,
Michelle Singer Reiner, was inequally iconact, photographer and producer. We
will commit ourselves to bringing their murderer to justice.

Speaker 3 (17:50):
Finally this afternoon. US women's football star Megan Rappano has
criticized the US men's team's slogan for the twenty twenty
six World Cup campaignan has never Chased Reality. The US
men's team unveiled it after they got their World Cup drawer.
Megan talked about the slogan on the podcast that she
co hosts with here Fionce Sue Byrd. Their slogan has

(18:13):
never Chase Reality.

Speaker 6 (18:14):
What I was like, Wait, don't chase reality or you're
going to find out that you stink?

Speaker 12 (18:19):
Yeah.

Speaker 6 (18:19):
I was like, wait, but yeah, live a lie.

Speaker 8 (18:22):
Yeah.

Speaker 3 (18:22):
I feel like they put dream Big into like a
translator in another language.

Speaker 13 (18:25):
That's it apt Chat, dream Big International Correspondence with ends
and eye Insurance, Peace of mind for New Zealand business
babes stick.

Speaker 3 (18:37):
To playing football. Jonathan Kursley is a US correspondent with US. Jonathan.

Speaker 14 (18:40):
Good afternoon, Ryan, A good afternoon to you and the
listeners right across the network.

Speaker 3 (18:45):
So Rob Ryaner's son Nick has been charged with the
murder of his parents. What can you tell us about that?

Speaker 14 (18:52):
These charges dropped formerly a couple of hours or so ago.
They've been announced by the Los Angeles ditrity attorney just
before that, and they are to who counts of murder
in the first degree. Now, they are very very serious.
They are the most serious of murder charges and they
carry with them the most serious penalty that been life
in prison with no parole or the death penalty. Now
they have said that they haven't decided not whether or

(19:14):
not to pursue the death penalty yet and that that
will be made in conjunction with the victims families. That
is normal protocol for a case where these charges and
the death penalty as a possibility is the prosecutors will
always go to the family and say this is this
what you want? But what you've got is a very
very sad set of circumstances where Nick Reiner, who is
suffered years of mental health issues and drug abuse and

(19:35):
had been open about that he'd worked with a movie
with his father about the very issues of addiction, and
he'd opened up about the disconnect he felt with his father,
particularly as a child, and Rob Riner had spoken about
the issues that he felt as a father trying to
deal with a son who was dealing with significant mental

(19:56):
health issues. And now Nick has been charged with their murders.
We've just seen some footage released within the last half
an hour or so ago showing Nick Rhiner with a
backpack slung over his shoulder going into a service station
just a matter of hours after the alleged killings took place.
It is then the police swooped on him on Sunday night,
US time. They took him into custody, and they have

(20:19):
been pretty methodical LA police with this. They always said
they were going to be from the outset and they
have been, and now they've laid these judges. There was
going to be a court hearing today but that was scrapped.
And interestingly, Nick Reiner has hired a very high profile
defense attorney, Al Jackson, who was among his clients Harvey
Weinstein and also Kevin Spacey as well. So this is

(20:39):
a high profile defense attorney who's now going to be
representing Nick Rhiner when he eventually gets through court, but
that's going to be delayed while they essentially carry out
mental health assessments to see if he's fit to be
moved from the facility where he is being held into
a court room.

Speaker 3 (20:55):
Jonathan Trump and Venezuela, He's continuing to put the squeeze
on a bit of a blockade going on here on
some oil tankers going to and throw.

Speaker 14 (21:05):
Yeah. Essentially, as sanctioned oil tanker is going in and
out of Venezuela, he is essentially putting in a blockad,
promising essentially the US will continue to clamp down on
this issue. We saw them seize a tanker last week.
And he's now also moved in huge amounts of US
military hardware into the area around the Caribbean and Venezuela,

(21:26):
and is essentially saying to Nicholas Maduro, the the authoritarian
leader inside Venezuela, get out, get out of the job.
It had been reported he'd offered him a deal essentially
leaves the country that Maduro rejected, and as a result,
while the President is making this all about drug trafficking
and saying that you know that there had been drug

(21:46):
boats coming out of Venezuela towards the United States. That's
how all of this started. Now it is that Venezuelan
oil is making its way to or run to other
parts of the world, and he's trying to stop that too.
This is now a United States versus Venezuela approach. That's
exactly what this is. And the United States has a
huge military hardware at there. I'm not suggesting that they're
going to use it, but the President keeps suggesting that

(22:08):
some sort of ground assault could be possible. He's alluded
to that over many, many times, as recently as last week.
But now this move to sanctioned oil tankers is just
yet another move trying to tighten the belt. This is
a real economic foot on the throat, if you like,
of Nicholas Maduro. Oil is a hugely important factor for

(22:28):
the Venezuelan economy and if he stops that, well, he's
going to cause Maduro some serious domestic pain.

Speaker 3 (22:35):
Now, this is a fascinating story because there are two
different accounts. From one interview with Bennetty Fear, this is
Susie Wilds, Trump's chief of staff. So the article sort
of implied to she said all this bad stuff about
Trump and you know, a lot of his cabinet, and
then she comes out and says on it's all taken
out of context. So who's right?

Speaker 14 (22:55):
Well, that's exactly the question, who is right in this?
Because zuoz Wil sat down with Vanity Fair over the
course of eleven interviews for what was essentially a feature
piece about her, and now she's essentially saying that this
was all the hit job. She was quoted as saying
that Trump has an alcoholics personality even though he doesn't drink.

Speaker 3 (23:15):
Said that JD.

Speaker 14 (23:16):
Vance was a conspiracy theorist. He sort of tongue in
cheek responded that to that today, and then you had
Susie Will's herself take straight to social media this morning,
as did many of the cabinet members, and Susie essentially said,
the article published earlier this morning is a disingenuously framed

(23:36):
hit piece on me and the finest president, white House
staff and cabinet in history. She said the context was disregarded,
So look who to believe. Well, she's probably said part
of it. There's no doubting that it's quoted in there.
She's not denying the quotes that were actually said.

Speaker 3 (23:51):
It's that she's.

Speaker 14 (23:52):
Saying they were taken out of context. So I suppose
the question is now is what was the context?

Speaker 3 (23:56):
Yeah, Jonathan appreciate that. Jonathan Kurzley, a US correspondent, time
as seventeen minutes away from five. It is all about
how you frame it, isn't it. Because I had a
look at the comments that she made and the way
that it was reported just depends how you report it.
What you put at the top of the story is
quite important. And so she said things like I disagreed
with Trump on this decision about you know, going after

(24:19):
his political opponents, or I disagreed with his decision on this,
and then she goes on to say throughout the interview,
but I came to agree with his position, you know,
in the end. So it just depends which way which
way round you write the story. Is the narrative of
the prevailing narrative, isn't it?

Speaker 6 (24:39):
Nine?

Speaker 3 (24:39):
Two? The numbers of text. We'll get to Barry so
Open next on JT and the White py data trust.

Speaker 2 (24:44):
Politics with centrics, credit check your customers and get payments certainty.

Speaker 3 (24:47):
Sporting to five after five, we've had a reporter in
court for the sentencing of Jevin mcskimming. We'll get to
that shortly. First. Barry so here, Hey, Barry, good afternoon.
Right now, the Wye py Data trust investigations over and
it's avoided registration, but there'll be some changes.

Speaker 9 (25:03):
Yes. Indeed, this investigation has been going on since twenty nineteen,
so it's a very long one and the wipe area
of trusts it's like an octopus. It's got tentacles and
so many parts of the charitable business and that's why
I think they found it really difficult to deal with

(25:23):
in terms of de registering it because a lot of
people would suffer as a result of that. As I
understand it, John Tammerherry, who's the CEO of the trust
and the trust may be parting ways, but that's what
I understand. It's, like I said, a long running investigation
and hundreds of thousands of dollars have been made to

(25:48):
donations to political parties, to the campaigns and to the
campaign of the chief executive, John Tammerherry when he ran
for the mayoralty. Here now Charlotte Stanley, who's the Director
and Regulated Charity Services. She announced the conclusion of the
Sex year probe, saying that regulators had forced Wiperira to

(26:10):
make significant government, governmental and structural changes. What they are though,
we don't know, so the statement didn't provide any details
of what they are. Now you may remember, and I
was astounded by it that the wiper era's financial reports
for the year to June twenty twenty three, they're only

(26:32):
published last year. They revealed that Tamaherry had repaid three
hundred and eighty five thousand dollars that owed to the trust.
But it was made quite easy to repay that money
because the key management personnel, of whom Tama Harry is
the most senior, had that year received a pay increase

(26:54):
of seventy seven percent. And that means they've become the
New Zealand's highest paid charity executives, all earning over five
hundred thousand dollars a year.

Speaker 3 (27:08):
The mind boggles, Well, the mind does boggle.

Speaker 1 (27:11):
I think.

Speaker 9 (27:12):
I don't think we've heard the last of this yet.
But there will be governmental and other changes to the
trust and structural changes, and you'd have to say not
before time.

Speaker 3 (27:23):
No, exactly. Well, we'll look forward to your update on
that tomorrow.

Speaker 6 (27:26):
Berry.

Speaker 3 (27:27):
Now we've got the German debate happening in Parliament? Anything
interesting so far?

Speaker 9 (27:30):
Well, yes, it's the wrapping up. Chris Luxin's on his feet,
you know, thanking the cleaners, all the sundry at Parliament,
the messengers and what have you. So it's not particularly
exciting at the moment. The most exciting part today though,
will be the gallery party that follows the winding up.
And I won't be there because the heather's doing hosking

(27:54):
in the mornings, which means.

Speaker 3 (27:56):
Poor you, Barry. I have to yeah, well, you know
you've been to enough.

Speaker 9 (28:01):
Your family comes first, Ryan, and indeed I.

Speaker 1 (28:04):
Have been to many, many of them.

Speaker 3 (28:06):
I used to avoid them because it was mine. You
don't want to get go there and then get to
to tipsy and then for you know, some people remember,
people would fall over and fall into the ice backet.

Speaker 9 (28:15):
I could tell so many stories, will be shagging and
it's terrible.

Speaker 3 (28:20):
You don't want to be one of those people. No,
but Labour's Labor candidate's views have been highlighted in Parliament.

Speaker 9 (28:25):
Well, this is interesting and you may remember the economist
Craig Rennie. He was selected to buy Labor to be
a candidate in Wellington Bays, which is a new electorate.

Speaker 1 (28:38):
Now.

Speaker 9 (28:40):
He's, of course, since he left Grant Robertson's office as
his advisor, has been working for the Council of Trade Unions.
So Nikola Willis has been reading a book written by
Ready and says if he wins the seat for Labor,
his views differ significantly from Treasury and wonders whether Labor

(29:01):
would go along with them.

Speaker 15 (29:03):
He says this work suggests the debt limits should in
fact be around eighty to ninety percent of GDP, and
he cites the Green Party's analysis showing that the debt
limit should in fact be up to one hundred and
seventy four percent of GDP. And this author doesn't think

(29:25):
savings are necessary. Says New Zealand does not face fiscal
constraints and thinks the debt could be a lot higher,
could be a.

Speaker 9 (29:34):
Bit of spending if Craig Ready his way.

Speaker 3 (29:37):
It's been an unhappy Christmas for some Barry wants.

Speaker 9 (29:40):
Yeah, well, apparently the Greens, Chloe Swarbrick and the Maldi
parties Debbie no rewa packer. We're told on Monday by
emergency food providers that there's not enough to go around
this Christmas. It's an issue that no rewa packer took
up with the Prime Minister in Parliament this afternoon.

Speaker 4 (29:59):
Is he aware that community providers of kai have had
to stop advertising their services because they cannot meet demand.

Speaker 16 (30:08):
What I'm aware of is that that many New Zealanders
will put into a very difficult situation because of economic
mismanagement and vandalism from a Labour Green's government. There's the
government working very hard to make sure there is opportunity
being crowded and growth in our economy.

Speaker 9 (30:22):
That's not putting food on the table, but.

Speaker 3 (30:24):
It's not no maybe a marmite sandwich.

Speaker 9 (30:27):
Yeah, well that's it in an apple.

Speaker 3 (30:28):
Don't forget Barry Soaper Politics eight to five news Talk
set big.

Speaker 2 (30:33):
The headlines and the hard questions. It's the mic asking breakfast.

Speaker 4 (30:37):
Mitchel Willis has pushed out surplus again.

Speaker 3 (30:39):
So let's talk to the finance ministy.

Speaker 2 (30:41):
Are we borrowing right now as a country just to
pay our interest bill on the debt?

Speaker 17 (30:44):
We are paying in part to pay the interest bill
on the debt, which is pretty big. It's more than
nine billion dollars A yeah, thank you labor. But as
we look over the next few years. Around eighty percent
of our borrowing is for capital investments, so that's an infrastructure,
so assets that we will have for the future.

Speaker 3 (31:00):
Okay, So why not run a zero budget like Bill English.

Speaker 1 (31:02):
Did because we do hair pressing needs.

Speaker 17 (31:05):
He had the same pressing needs, didn't he, and he
still managed to cut enough to run a zero budget.

Speaker 2 (31:10):
Heather Dupusyen on the mic Hosking Breakfast Fat tomorrow at
six am with a Vida Retirement Communities on News talks'd B.

Speaker 3 (31:18):
Five away from five the Over in Australia, things are
really heading up. After we had our March fifteen attack,
politics sort of died down and was taken out of
the debate. Over there, the opposite's happening and it's really
heating up. So yesterday we played John Howard, former Prime Minister.
He came out swinging against elbows, saying he didn't do
enough to stop the antisemitism, etc. Now the former Aussie

(31:40):
Treasurer Josh Fridenberger's come out and he's having a go too.

Speaker 18 (31:43):
I'm here to mourn, but I'm also here to warn.
Unless our governments, federal and state, take urgent, unprecedented and
strong action as night follows day, we will be back

(32:09):
grieving the loss of innocent life in another terrorist attack
in our country.

Speaker 3 (32:15):
He was really fired up. He said, two years' warnings
have gone unheeded.

Speaker 18 (32:21):
And for two and a half years, as the Australian
Jewish community and others have raised the alarm bells, they
were told by people who should know better that this
was not as significant as they had said. We were

(32:42):
told they didn't say gas the Jews on the steps
of the opera house. They simply said, where are the Jews?
We have the nurses in Bankstown calling for the death
of Israelis and we are told it's just a joke.
Caravan has a deadly message against Jews. We're told it's

(33:04):
just a hoax. Well, the greatest massacre in Australia's history
is no hoax.

Speaker 3 (33:13):
It's no joke.

Speaker 18 (33:18):
It's a horrible, evil crime.

Speaker 3 (33:22):
It's Josh Frodenberg. He's the former Aussie treasurer at Bondai.
Didn't mix skimming after the News of five.

Speaker 2 (33:28):
The only drive show you can trust to ask the
questions and get the answers, find the fact and give
the analysis. Ryan Bridge on hither Duplicy Ellen Drive with one,
New Zealand and the power of satellite Mobile New Sawks Heavy.

Speaker 3 (33:43):
Seven after five on your Wednesday. So the mixed skimming
sentence nine months home detention has already pleaded guilty as
you know, to possessing objectionable material. This includes best Reality
and child's sex abuse images. Melissa Nightingale is with the
Herald and Wellington was in court today. Melissa good Evening, Hi, Ryan,
How did the judge explain that a lot of people

(34:04):
are upset with the length of that sentence? How did
the judge explain the length and the fact that he
gets to serve it at home.

Speaker 19 (34:11):
Yeah, so the judge adopted a starting point of three
years in prison. From there, he's given a bunch of discounts,
the biggest one being a twenty five percent discount for
an early guilty plea. We then had discounts for previous
good character, remorse and significant rehabilitative efforts such as twenty

(34:31):
five sessions with a faith based therapist, engagement with the
psychologist who specializes in six offenders, things like that. So,
with all of those discounts combined, that brought it down
to a sentence of eighteen months in prison. Once the
sentence drops below or drops to about two years prison

(34:52):
all below. It's then available to potentially be switched over
to home detention, which he's chosen to do in this case.
Some of the facts thes were that given that Mick
Skimming was a well known police officer, that prison would
put him make him a prime target for extreme violence.
So he's chosen to commute this to home detention. And

(35:15):
when they do that, they have what would have been
the prison sentence, because that factors in when someone would
have become available for parole. So that's gone from eighteen
months prison down to nine months home detention with six
months post release conditions.

Speaker 3 (35:29):
Goodness may more discounts than a Brisco's sale. What was
he like in court? What was his demeanor like in court? Melissa?

Speaker 19 (35:36):
Much like his previous appearances, he was quiet, He didn't
show much emotion, fairly bland. He sat in the dock
with his arms crossed as his head sort of cocked
it the side for much of the hearing. When the
judge began to explain his sentence, he had mixed Skimming
stand up. He stood there facing the judge, hands clasped

(35:58):
in front of him, fidgeting with his but he was
really he didn't show a lot of emotion, and this
sentence follows a sentencing indication. He already knew he wasn't
going to jail, so it wouldn't have come as a
surprise to him.

Speaker 3 (36:11):
What about the timing here, So we initially thought that
there was a timeline about when he had looked at
this stuff, but that's changed a little bit. You what
do we know? What do we learn today?

Speaker 19 (36:22):
Well, his charges date back for about five years, but
it does say in the police summary of facts that
that is just as far back as the online records go,
so that was as far back as they could pin
him on it. But he has said to a pre
sentence report writer that he first began seeking out objectionable
material in twenty fifteen, so we know he's been trying

(36:45):
to look for this stuff for about a decade, or
at least that's what he's told us.

Speaker 3 (36:48):
Melissa appreciate that update. Thank you. Melissa Nightingale, who's with
the Herald in Wellington and was in court today. It's
ten enough to find graham Bridge, three thousand hectares of
land at the top of the South Island is returning
to Marty owners. This is not a treaty settlement thing.
It is land though that the Crown promised to a
group of v We and their descendants way back in
the eighteen forties. It includes the abel Tasman Great Walk.

(37:11):
Tama Portaka is the Ministry of Conservation with me.

Speaker 20 (37:14):
Live good evening, hey curt mate, and Merry Christmas to you.
Three thousand hectares have been confirmed in the ownership. That's
what the court said. It never went out of ownership.

Speaker 3 (37:24):
Great point of clarification. So who so does that mean
that Maori have always owned the able Tasman's Great Walk
and will continue to own.

Speaker 20 (37:33):
There are parts of the Great Walk and part of
parts of the top of the South Island which the
owners own. The court confirmed that. And now we have
reached arrangements on a range of matters.

Speaker 3 (37:44):
What are those arrangements? Can will we have always be
able to walk on it? Everyone?

Speaker 20 (37:50):
Yes, public access has been confirmed for the park for
the next twenty five years. There's a confidential arrangement that
goes with that. But it enables us to enjoy that
wondrous and iconic place. We all love it. Anyone who's
been there thinks it's beautiful. And anyone who hasn't needs
to go.

Speaker 3 (38:08):
What happens after twenty five years, Oh.

Speaker 20 (38:10):
There'll be some discussions as we go forward. Of course,
DOC and the owners of that land will want to
work together to make sure that the tracks and good
maintenance and good seed and the huts of course, and
at near the end of the twenty five years there'll
be discussion about continuing with arrangements.

Speaker 3 (38:26):
So does DOC look after it for the next twenty
five years.

Speaker 20 (38:28):
Yes, it'll be seamless. There'll be no change in the
public facing interaction by the public with the track and
with the Department Conservation. It might be a couple of
improvements along the way, like a bit more cultural identities
and cultural markets around.

Speaker 3 (38:43):
And who pays for all this, like who's paying for
the upkeep of the track and for the next twenty
five years and for the maintenance and all that stuff.

Speaker 20 (38:51):
Well, Doc's had a free use of the track for many,
many years, and DOC continues to maintain the track as well,
and will continue to do this. As I said, there's
a change in the ownership of changing the title, but
the management, the upkeep, the maintenance will be continued by Doc.

Speaker 3 (39:03):
Okay for twenty five years.

Speaker 20 (39:06):
For the next twenty five years, there will be discussions
along the way, and those will be done in good face.

Speaker 3 (39:10):
And are we going to pay rent? DOC going to
be I mean, will we be paying money to the
group of EWEI in order to use the track?

Speaker 20 (39:18):
Well, there are arrangements from place around a number of issues.
Those arrangements remain confidential. I think you'll be aware that
the group representing the owners is a private trust and
those arrangements remain confidential.

Speaker 3 (39:31):
Does that cost get passed on to the users?

Speaker 20 (39:36):
Well, the interaction with the track by users. There are
some payments that are made for the huts already and
for camp sites.

Speaker 3 (39:44):
Will they go down there?

Speaker 6 (39:46):
Your note?

Speaker 20 (39:47):
Well, I don't think that's what's going to happen. But
don't public access are guaranteed?

Speaker 3 (39:54):
I know it's guaranteed. But will it costs more?

Speaker 20 (39:57):
Well, I think you know as much as I did it.
Last year we made we had some discussions about DOC
becoming a little bit more prudent financially. We're so right
across the country. There are changes from time to time
around hut fees and campground fees, and those happened on
a regular basis as business as usual.

Speaker 3 (40:16):
Right, But there'll be no specific change or extra charge
for able tasment as a result of this deal.

Speaker 20 (40:23):
That's an operational matter and I lead it for operational matter,
the operational management of DOC.

Speaker 3 (40:28):
What's your expectation as a minister.

Speaker 20 (40:31):
My expectation and what has been confirmed is that there
will be public access to the track at what cost?

Speaker 3 (40:37):
Do you not care?

Speaker 21 (40:39):
No?

Speaker 20 (40:40):
What I've said to you, Ryan, is that for huts
and camp sites, there are costs across the country for
various huts and campsites on various tracks. For the Great
particularly for the Grave, we're not.

Speaker 3 (40:53):
Paying rent, but we're not paying rent for the land
on which we're walking on most tracks, are we So
this is quite a particular situation. So have you not
ask the question will the cost go up or not?

Speaker 20 (41:04):
But Ryan, most Great walks DOC owns most of the land.
This is a different situation now exactly, and the land
has actually owned Some of the land is owned by
the Crown and some of the land is owned by
private landowners. So, as I said before, public access has
been guaranteed. There are already charges for the use of

(41:25):
huts and campsites throughout the country at various national parks
and great walks in other matters.

Speaker 3 (41:32):
All right, Claire's mud Tuma appreciate that, Tama Putaka, Minister
of Conservation. It is quarter past five News Talks B
five to seventeen News TALKSB. The Road Cone Hotline. I
know you loved it. You might have called it. Well,
it's been shut down half a year early, after only
six months of operation, so basically half its life and
nearly ninety percent of the reports that people that they

(41:54):
got about the road cones they were actually compliant with
the council approved traffic plans. Now, Labours up said about this,
calling it them third, a waste of public money, et cetera,
et cetera. Labor Transport spokesperson, Tang, it's a kiddy, is
with me? Tonight's good evening, Tang. You nice to have
you on the show.

Speaker 22 (42:09):
Oh hell, iter Ryan, good to be with you now.

Speaker 3 (42:12):
Well, yes, it was a bit of a gimmick, I suppose.
But was it a complete waste of money?

Speaker 22 (42:17):
Well, I think it was. I think it was an
absolute face and the fact that the government had moved
early to shut it down later this week is a
pure indication that it's a complete waste of public money.

Speaker 3 (42:28):
So how much did we waste?

Speaker 22 (42:32):
Well, sort of as of the end of thirtieth or September,
it was just shy of one hundred and fifty thousand dollars.
It's bent on the hotline. If you look at the
number of complaints that were actually logged to that point,
it was just over a thousand, so you know, it
soon adds up. But what could have happened as the
government could have simply picked up the phone, had a
conversation with counsels and others about, you know what the

(42:53):
rate of non compliances. But instead, instead we find ourselves
the bill will be over one hundred and fifty thousand,
and then of course you've got starting and contractors brought
in to train these staff. Over the road cone hotline
a complete waste of money.

Speaker 3 (43:06):
It does seem like a little bit over the top.
But the ministers is giving people a voice, tanger, giving
people the public of voice. The problem, I guess is
that they are saying, actually, most of the complaints that
were made they were compliant. So do you think, like
does the labor think that we have a problem with
the rules that allow so many road cones, or do

(43:28):
you think the public are just miss overegging it.

Speaker 22 (43:33):
Look, I don't think anyone likes to have too many
road cones as they head about the place. But what
the government's answer to this was was to simply pump
some money, put some resource into a hotline that clearly
has been a failure of all of the callouts that
actually went out. So when someone actually lodged a complaint
and then someone was dispashed to the site, it's about

(43:54):
ninety three percent of those callouts indicated that the cones
there was nothing wrong with them. So you know, this
is again a waste of public money. Nobody likes too
many road comes. But this is certainly not the way
that the government should have solved the issue. They should
have picked up the phone, had a conversation with counsels,
worked with them to get the information that they did,
and it certainly wouldn't have cost them at more than

(44:15):
one hundred and fifty grand.

Speaker 3 (44:16):
At the end of the day, Tangy, there will be
people listening to this who will be saying, oh my goodness,
this is a labor empre I mean pot kettle black,
a labour MP going on about wasteful spending.

Speaker 22 (44:27):
Well, the bottom line is this is the government that
is all about priorities, and it's chosen to pump one
hundred and fifty thousand dollars or more than one hundred
and fifty thousand dollars into something that has been a
complete failure. I congratulate the government on one thing, and
that is on calling it quits for the hotline rather
than being silly and continuing to roll it out into
next year. I've seen that this has been a failure

(44:49):
and they've decided to basically call the plug later this
week rather than continue to staff moving into next year.

Speaker 3 (44:54):
Tangy, I appreciate you being on the show. Thank you
very much for that, and Merry Christmas to you. Have
a good one. That's Tanga Takety. He's the Labor Transport
spoke first and twenty one minutes after five now before
I didn't quite realize we were going to get him
on back to back. But I have some thoughts about
Tangy's press release today. I'll share them with you next.

Speaker 2 (45:12):
Digging deeper into the d's headlines, it's Ryan Bridge on
hither dupless Ellen dry with one New Zealand coverage like
no one else news talks.

Speaker 3 (45:21):
There'd be five twenty three. I was thinking last night
about the government's debts. We're touching cloth now on forty
six percent of GDP. I know it's massive, and this
from a country that hovered around twenty percent pre COVID.
And we still have roughly sixty thousand bureaucrats running around
minus only about five percent thanks to national and the

(45:42):
surplus keeps getting pushed out. Nobody wants to hack too
far into spending, of course, because then you'll spook the horses,
and no one wants to do that. And that's the
problem with government. Once you start doing something, it's very
hard to stop doing it. Once you hire somebody, very
hard to fire them, once you spend a dollar of
somebody else's money, It's very hard to stop spending it,

(46:03):
isn't it. And today Labour put out a press release complaining,
as we've just spoken to him, complaining about one hundred
and forty two thousand dollars of wasteful government spending. Talk
about being whacked with the irony stick. Labour's Tanga Utziketti
had a point, though, we spent all this money on
a hotline for road cones, and only a handful of

(46:24):
the cases that were investigated were actually breaking the rules,
so wasted money. Yes, you hire people to sit there
answering phones about road cones and you've wasted money. And
the press release said this, I want to quote it.
Not only was it virtually unused this is the hotline,
but the government also couldn't say how many cones it

(46:46):
resulted removing. He then broke down great work from him,
by the way, breaks down the cost per cone complaint
one hundred and thirty six dollars fifteen for every one
of the one thousand complaints that were logged. Excellent work,
and I mean this, it's fantastic. But where was this
guy in this logic when we were racking up the

(47:07):
debt and spending like drunken sailors. Where was this guy
and this attitude during the COVID years? But also, this
guy and this attitude will disappear into thin air once
they're back into government again. You can be sure of that.
Like Homer into a bush, he'll slither away unnoticed. You see,
this is politics, where we elect people to spend our money,

(47:28):
and then we elect different people who say that they
will stop spending so much of our money, and so
on and so on, until one day all of the
people have spent all of the money and we wake
up broke, Ryan Bridge five twenty six. If you travel
without travel insurance, it's a very bad idea. And Southern
Cross Today has put out a list of the most
you know how Spotify does a rap thing, and it's

(47:50):
like your top five best songs they've put out. Instead
of your top five best songs, it's like your top
five medical emergencies abroad that require you to have and
it would leave you in a financial ditch if you
didn't have insurance. So some of them. Two hundred and
twenty thousand dollars goes to one person who claimed for
a COVID illness while holidaying in Singapore. Six hundred and

(48:13):
forty two thousand dollars, someone had an illness in Italy.
Ninety five grand for a fractured hip in India. But
the one that takes the cake, and it's a very
sad case by the sound of it, although apparently things
that they're doing okay. Four million dollars. This is one
claim four million dollars for a premature baby who was

(48:34):
born unexpectedly and early, obviously overseas. Guess where America. So
basically the moral of the story gets some travel insurance
this summer twenty seven, after five News Talk, z'd.

Speaker 6 (48:46):
Be you Love.

Speaker 2 (48:54):
To Day's newsmakers talk to Ryan First, Ryan Bridge on
hither Dupissy Eleandre with One New Zealand and the power
of satellite mobile news Talk, said B.

Speaker 3 (49:08):
Twenty five away from the six newswork, said B. On
your Wednesday evening, Jack came and Jordan William's standing by
for the huddle in just a few seconds from now.
We will also talk the Bondi story and the two
terrorists who went to the Philippines. What on earth were
they doing there? Is they're a nicest training camp in
the Philippines that we should know about. We'll discuss that

(49:29):
in just a second. Christmas is not far away, as
you know. And Brad Olsen over at in for metrics,
he's come up with some numbers on how much the
Christmas menu, the Christmas meal on Christmas Day is going
to cost you. So they have the same menu every year,
and those same items they don't change, but the price does.
He said, this year it's going to cost us an

(49:49):
extra twelve to eighteen percent on last year to feed
the mounds of our family members. Increase equates to about
thirty to fifty seven dollars extra for the overall cost
of the meal. The barbecue meal option is the most
expensive overall, coming in at around three hundred and two

(50:09):
dollars for a family, and that is up from up
to three hundred and eighty dollars. The roast meal is
now more than two hundred dollars for the first time
for a mant that's up from one hundred and seventy
eight dollars last year. So the total including snacks and
dessert and all that stuff, two hundred and seventy five
dollars is very expensive now. I noticed just recently gone out.

(50:33):
I've been out, been lucky enough to go out for
a couple of dinners with some friends and no one's
drinking these days alcohol And if you look at your boy,
does it make a difference where when you look at
the bill at the end of the meal, whether there's
boozse involved or not. So I think a Christmas just
either does it will make it so much cheaper. Just

(50:53):
do food or just do booze one or the other.
But it'll be a lot cheaper either way. Twenty three
away from six, I am bridge so investigators in Australia
looking very closely now at these suspected bond I shooters
and their recent trip to the Philippines spent most of
November there, they traveled to a region that's known to
be a hotbed of Islamic extremism. Doctor Clark Jones, an

(51:15):
expert on extremism, also worked in Philippine prisons and joins
me this evening, good evening, good evening. What do we
need to know about Islamic extremism in the Philippines And
are the ISIS training camps there? What's going on?

Speaker 23 (51:33):
We've got to be careful, you know, how we expand
this I think Look, I would say I wouldn't class
it as a hotbed for filing the streamism any longer.
There's been some very successful operations by the Armed Forces
of the Philippines, the Philippine National Police and foreign counterparts
at addressing the threat of terrorism. That said, for my

(51:55):
current experience, I still work in the prison system there,
and from what I know of that there are still
active cells in the Philippines, such as Islaming State East
Asia ABISIF and other small elements operating. So when there
was a connection to the recent atrocities or terrorist attack

(52:15):
in Bondi. I was well surprised there was some sort
of link to the Philippines, but not surprised that terrorism
is probably still active, but not to the scale that
I've heard in some media sources calling it a hot
bed for terrorism.

Speaker 3 (52:30):
Right when you say active, what do you mean, oh,
that they.

Speaker 23 (52:35):
Still still have the ideological will to attack government forces.
Last year, I think there were twenty one small scale
attacks in by various groups in the Philippines. I know
that it's with some that are incarcerated, they're still very,
very active, So they still have a will to cause harm,

(52:58):
to cause terrorists violence. So you know that hasn't that
hasn't gone away. But the Philippines is different from some
other countries in that it's it's very socio economic driven
rather than religious driven. There's a lot of people that
haves and the haves not. You know, people a lot

(53:19):
of inequality of those in Muslim inda now, so there
are different drivers. It's entwined with criminal behavior, quitting up
for ransom, so forth, clan conflict. So it's not straightforward
just to talk about extremism, radicalization and the terror.

Speaker 1 (53:36):
Terrorism.

Speaker 3 (53:36):
What we know about really appreciate that. Thanks to you analysis,
Doctor Clark Jones. Reshaped Justice Group has spent time in
Philippine prisons. It is twenty one minutes away from Sex
the Huddle with.

Speaker 2 (53:47):
New Zealand Southeast International Realty, a name you can trust
locally and globally.

Speaker 3 (53:52):
On Thehuddle of Tonight. Jack Tame, host of Q and
A on Saturday mornings here on News Talk ZIB Jack,
Good afternoon to you. Hi our Jordan Williams as west
Well from the Taxpayers Union.

Speaker 12 (54:03):
Hey, Jordan, hallo, you too.

Speaker 3 (54:05):
We'll start with the mixed skimming sentence. So nine months
home detention. Jordan, did you expect more? Yeah?

Speaker 1 (54:11):
I did.

Speaker 12 (54:12):
I can't believe it, you know, ten years of or
it admitted ten years of offending. Of course, being it
looks like the judges got to eighteen months in prisonment
because that's less than two years. The judge has a
discretion to make that home detention, and by doing that,
the sentence is then halved because if you are sentenced
to eighteen months in prison, you're automatically out in half

(54:35):
the time. So when they convert it to home detention,
it is halved. I think that most of these the
Islanders would be shocked how lenient our sentences are on
his favor. It's a first offense, But I'd argue, someone
in such a position of power and authority, what a
perfect example to be made, an example of you know

(54:58):
what you'd you know, ten years of awful, awful Kenny
Paorn and Beast Reality and what's the punishment?

Speaker 1 (55:06):
Go home and watch Netflix.

Speaker 12 (55:07):
I think it's disgusting.

Speaker 3 (55:09):
Jack, a lot of you can imagine what people are
saying or the text machine Jack and the fact that
he was a police officer, they say, is kind of
a reason to not put you know, he would be
a target if you put him in prison.

Speaker 24 (55:20):
Well, I mean, there are mechanisms in prison that can
provide additional protection to inmates. I was personally very surprised,
but I had just I think, going into today, I
was expecting a custodial sentence and thought that would be that,
and that obviously wasn't the case. But I mean, I
suppose the one, the one I've got a nine months
old who's screaming, I'm sorry. I suppose the one countermeasure

(55:43):
I would say is that his reputation is destroyed, his
career is destroyed, his prospects of future employment are destroyed.
He probably feels like he can't be seen in public,
and I suppose those are all kind of, you know,
considerations for the judge in this case as well.

Speaker 3 (56:00):
Jordan Williams and Jack Tam on the Huddle tonight. We'll
be back talk about the road cone hotline that's now
dead in the water. It's eighteen away from six.

Speaker 2 (56:08):
The Huddle with New Zealand Southeby's International Real Team, the
only truly global.

Speaker 3 (56:13):
Brand sixteen to six. Welcome back, Jack Tam and Jordan
Williams on the Huddle tonight. Jordan, I don't imagine. Well, actually,
do you agree with Labor that this road cone hotline
thing was a total waste of money?

Speaker 12 (56:25):
I really hope Nichola Willis isn't listening, but yes, I
totally agree with Labor. It was a total waste of money.
Did either of you guys have either of you used it?

Speaker 6 (56:33):
No?

Speaker 12 (56:34):
No, if Jack, have you used it? I did use
it because I'm one of these people that are triggered
by cones. There was a cone keeping me up that night.
It was looking at me down from the end of
my driveway, so I got up in the middle of
the night to use the twenty four hour Cone hotline.
But I found it's not actually hotline, it's not twenty
four hours. It's just nothing but a web form, totally useless.

(56:57):
So I found a better way if you're one of
those people worried is just call your local MP. So
I just called Brook and tell her about the cones
because you know that's what we were told we were getting.

Speaker 3 (57:06):
Did you think about moving it yourself?

Speaker 10 (57:09):
Oh?

Speaker 12 (57:09):
Well, the thing is with cones is that one of
those I mean, just talk to the Auckland Mirror. It's
emotionally triggering.

Speaker 10 (57:14):
Ryan.

Speaker 12 (57:14):
You know, you shouldn't joke about these sorts of things.
But look, I just just give Brook a call, you know,
two seven three zero zero six six, and you know,
just give.

Speaker 3 (57:25):
That's not it, that's not an actual number, right, No,
of course, okay, Jack. Do you think because the problem
with the road cones that I think the act Party
and the Coalition was trying to address is that people
felt like they were completely powerless, that they were taking
over the streets, and so you give people a hot line,

(57:47):
a button depress, go and relieve your stresses. It was
a form, not a hot line. Or whatever it was. Yeah,
but at what cost. I mean, the latest numbers that I've.

Speaker 24 (57:58):
Seen today and maybe the minute to can upgrade these
were it up until September, it had cost us almost
one hundred and fifty thousand dollars as taxpayers. So if
you break it down per complaint, Labor Reckons, it's about
one hundred and thirty five bucks per complaint, the Greens reckons,
it's more than seven hundred dollars per road cone actually moved,

(58:18):
and apparently the vast majority, like eighty five or eighty
six percent of the complaints that were investigated actually turned
out to be totally compliant. So I just think it's
hard to seriously make an argument that this has been
much more than just a performative stunt. And honestly, when
it was first introduced, the sense I got was that
they were just trying to, you know, kind of piggyback

(58:39):
on some of the support that Wayne Brown had had
with his road cone messaging, and.

Speaker 22 (58:42):
They were just trying to have a piece of the pot.

Speaker 12 (58:44):
He was on the he was on the hotline all
day and night.

Speaker 3 (58:47):
Yeah, one dred All right, Well, when I guess the
only point you could make is that it's shown that
when people complain about stuff, so people see that there's
a problem. And then just because compliant, does that mean
that there's nothing to see here, or does that mean
that the rules are too stringent and that we shouldn't
be having so many road cones in the first place.

Speaker 12 (59:08):
You know what I'm saying, That would be well, that's
exactly the issue. Brooke has otherwise been an outstanding minister.
But the real issue is our health and safety laws
have this you've got to take as a personal liability
on directors, you've got to take all practicable steps, which
the courts have interpreted as the industry standard, meaning that
you know, the fiftieth percentile. So what that means is

(59:30):
that everyone is striving to be higher than average in
order to be compliant with the law. So when you
have things like road cones, you just slap the rational
thing under the law. It's just slapped down as many
as you possibly can, because technically half of the roadworks
is not compliant with the law because it's not taking
all practicable steps to be saved.

Speaker 3 (59:49):
Exactly.

Speaker 12 (59:49):
That was the test that needed to be fixed. Not
with the greatest respect to my local MP.

Speaker 3 (59:55):
This Gemmick Jack Susie Wilds the story in Vanity Fair,
how can you have like who do you believe? She says? No, Look,
everything was taken out of context. And if you read
some of what she has said that you know, the
not necessarily vanity fear, but the reporting of it has
has kind of tipped it on its head a little bit.
Do you agree? I?

Speaker 24 (01:00:17):
Look, I thought, okay, what could the context possibly be
for these quotes? And I'm not sure that the detail
she's given around them fundamentally changes the sensational nature of
what she said. I mean, I think what she said
is pretty extraordinary, to be honest, and I'm surprised that
someone has experienced as her would put herself up for

(01:00:38):
an interview with an outfit like vanity fear, making, you know,
regardless of the context, making comments where she compares the
president to having an alcoholics personality and not expect those
comments to be, you know, to spread like wildfire. I mean,
it seems like the epitome of naivety to me. That
being said, you know, I actually kind of understand the

(01:01:00):
point she's making with the alcoholics personality.

Speaker 3 (01:01:03):
And I don't know how she intended it to.

Speaker 24 (01:01:04):
Be quite as quite as critical as it as it's
come off. But yeah, I just I just can't imagine
how you're going into into an interview with Nity Fear
say something like that and they're not expected to spread
around the world.

Speaker 3 (01:01:15):
Maybe she did. Maybe it's all a plot, you know,
and to go after the fourth of State, Jordan, did
you see the comments that she made? What did you make?

Speaker 12 (01:01:24):
It was very odd, especially at some sort of level,
that there wasn't a third party or press secretary or
something recording. You know, the current White House is very
selective on her they have in that press pool and
who they speak to, and really will they toss people
out if you are seen to be not just speaking
out of turn, but speaking to the wrong people. So

(01:01:44):
it is a little bit of a head scratcher, But
it's why it's always why live radio is best, because
then it's hard for you know, those those journalists in
print to misinterpret or be sneaking with what you've said.

Speaker 3 (01:01:57):
Yeah, one hundred percent. It can always be chopped up
on mine later, but that's another issue. Hey, just before
we go, what's happened with Ruth Jordan?

Speaker 6 (01:02:05):
Wise?

Speaker 12 (01:02:05):
She pulled out of this debate we got sick of
the sick of being jerked around the you know, it
turns out the big Challey just be clear, the big
challenge was laid down by Nikola Willis old about you
any time, anywhere, But apparently it was only where she wanted,
the time she wanted them, with the moderator she wanted.
And actually it's now become clear what the whole thing
of going after Ruth and making the frankly disgraceful comments

(01:02:29):
about you know, training in human misery and trampling on
the history of the National Party and Ruth's excellent legacy
and economic growth and that soon followed was actually just
a distraction to those diabolical numbers yesterday. And so Ruth
right Andy.

Speaker 22 (01:02:48):
Said, look three, here's three good offers.

Speaker 12 (01:02:49):
One which involved you know, your good show and you
hosting it, and instead Nichola Willis's she's out there booking
her own rooms, booking this, insisting on that. And actually
what she has said publicly did not match what or
her offices, what her office was saying behind the scenes,
as as you know, so as you can tell a

(01:03:10):
little bit irritated, but I.

Speaker 3 (01:03:11):
Can hear that as much as you were about the
road come previous week.

Speaker 12 (01:03:15):
The previous week, the issue was school lunches, and we've
now had eleven days of talking about far more important matters,
and that is the fiscals of museals.

Speaker 6 (01:03:25):
Jack.

Speaker 3 (01:03:25):
Did you like the fudge?

Speaker 24 (01:03:28):
I did like the fudge?

Speaker 3 (01:03:29):
Yep.

Speaker 24 (01:03:30):
And and it was you know, I've got to say
it was very professionally packed. It was so it was.

Speaker 6 (01:03:38):
Do a great job.

Speaker 3 (01:03:39):
Who did that? Was it not a proper food company?

Speaker 12 (01:03:44):
Were the proper food company do it?

Speaker 6 (01:03:45):
But we did.

Speaker 12 (01:03:46):
We did repack some of the the something like not
the actual fudge, but the boxes were in the boxes
we repacked and it was all hands on deck.

Speaker 3 (01:03:55):
Okay, very good.

Speaker 12 (01:03:55):
I lost track how many days ago it was.

Speaker 3 (01:03:57):
Jordan Williams, Jack tame on the huddle. Thanks guys. It
is eight minutes away from six News Talks VB.

Speaker 2 (01:04:04):
It's the Heather Duper c Allen Drive Full Show podcast
on iHeartRadio powered by News TALKSB.

Speaker 3 (01:04:12):
Five to six News Talks MB. A couple of things
to update. We're about to get into the business hour,
and so in keeping with that theme, I've got a
couple of things to get your across business wise. The
current account deficit is doing what we wanted to do.
It shrinking, which is great. So the deficit, which ballooned
out to nine percent three years ago has now come
down to three and a half percent. To June it

(01:04:35):
was three point seven percent of GDP, So we are
coming down, coming down, which is great. We are, you know,
spending less in the world than we are, well almost
spending less in the world than we are earning overseas,
which is good for us well, good for our exporters obviously,
but it's also good for the credit rating agencies. You know,
when they write up their reports, they say, hey, we

(01:04:56):
don't like that and we don't like you being too exposed.
So the fact that it's drinking is a good thing.
Freightways is pushing further into Australia fight. This is a
great success story for New Zealand, so expanded. They've already
bought one. You might remember a couple of years ago
Freightways bought a business in Australia. This was back in
twenty twenty two, Allied Express. So they've been on the

(01:05:19):
hunt and they've made no secret of this, on the
hunt for a business across the Tasman another freight business
and they have found one in Victoria, VT. Freight Express,
and they have purchased that, subject to some conditions being met,
will happen and go through in January. And so they
reckon that's going to be a winner for them. They
looked at about forty different businesses and appraised them and

(01:05:43):
looked at the books, opened the books, and decided that
was the one to go with. In America, you know,
the Netflix deal, and I'm still waiting on what, you know,
deciding what I should do with those shares, as you'll
be keenly aware. But then boss of Netflix, so they've
come out with an offer for Warner Brothers, remember, and
then Paramount the studio has come out with their own.
The Netflix boss is trying to twist your arm if

(01:06:06):
you're a shareholder and is saying, don't worry, We're not
going to ditch the movies. So this is the Netflix
CEO coming out in saying, because previously this guy has said,
you know, cinema is outdated, go stream on Netflix, and
now he's saying, don't worry if we if we get
Warner Brothers, we'll keep putting things in the movies. Does

(01:06:28):
anyone you know that does anyone believe that or does
that sound like a guy who's just trying to take
over a company and will say anything to make that happen.
I think the latter's coming up to six on Newstalk
Setpe Business next.

Speaker 1 (01:06:44):
What's up, what's down? What were the major calls and
how will it affect the economy?

Speaker 2 (01:06:50):
The big business questions on the Business Hour with Ryan
Bridge and Man's Motor Vehicle Insurance, Your Futures at Good
Hands News Talks.

Speaker 3 (01:07:00):
Good Evening. It a seven after six, we'll get to
Rumy Morgan from Milford with a market updates. Shortly Showbiz
for you. Arna Brennan's comments this week from the rbn Z,
the multiple interviews she's given, we'll talk about those as well,
and Gavin Gray's in the UK for us before top
of the r speaking of the Reserve Bank. They are
changing some banking rules and there is just a glimmer

(01:07:20):
of hope that it might result in lower mortgage rates
for all of us, so we're interested in this. Banks
will no longer be required to hold as much capital
in case they run into trouble, get into a tight spot.
Those were the rules that Adrian or put in place,
you'll remember it was for a worst case scenario, but
the result was higher funding costs for banks, which they've
been telling us about worst competition for customers. Mark Wiltshire

(01:07:43):
is the chief executive at the Cooperative Bank and joins
me this evening. Mark, Good evening, Good evening, Ryan. So
how does this change affect the Cooperative Bank? Or does it?

Speaker 25 (01:07:54):
Yeah, it does a couple of things. Really, it's good
news for smaller banks. Basically, low as the amount of
capital we have to set aside in case of emergency.
So you want banks to hold some capital, but too
much is a drag and a cost and a constraint
on getting out there and competing for customers. So you
want to encourage competition. So for us, it allows us

(01:08:16):
takes that constraint away by lowing that amount of capital
so we can get out there and have more appetite
for growth.

Speaker 3 (01:08:21):
The total is three point four billion less. I'm told,
how much less would the co Op Bank need to
or be required to hold.

Speaker 25 (01:08:29):
Yeah, it's quite significant. So in sort of percentage terms,
the old rate was about seventeen percent of the capital
ration and it drops down to fourteen, so quite a
significant reduction for us we'll run the numbers on exactly
where we want to land because we do our own
assessment as well. Now we've got this, but that lower
minimum is a big help.

Speaker 3 (01:08:50):
Does it And does it mean that the system is
more risky?

Speaker 25 (01:08:55):
No, I think it's achieving the right balance. And they've
aligned this with Australia as well, very consistent with the
APPERA rules. So they were pretty high before, so I
think they've come back to a better level. And it's
that balance of you want resilience but you don't want
to be too much of a cost that gets passed
on to customers. So this should flow through to customers

(01:09:16):
by allowing more competition and allowing particularly domestic banks to
challenge more.

Speaker 3 (01:09:21):
So yeah, on does that mean mark that we will?
Does it benefit smaller banks more so than the bigger
Australian ones or is it everybody's on an even keel.

Speaker 25 (01:09:31):
It does benefit the overall the total market, but I
think it particularly benefits the smaller banks. Not everyone will
be happy, but for us, we think it's a really
good positive step and we certainly think it benefits us
materially and allows us to actually go out there and
grow our mortgages more and compete harder for those mortgages.

Speaker 3 (01:09:49):
Are you going to get When you say compete, do
you mean you'll give us cheaper mortgage rates? Mark?

Speaker 25 (01:09:54):
Yeah, I mean you've got to take into account other
things like the overall race environment at any point in time.
But it does mean you're taking away some of that
costs when you fact I've had into your pricing decisions.
So you know, we're in a slightly rising rate environment
right now, but now we've hit the largely hit the
bottom from expectations, so it doesn't necessarily immediately translate through

(01:10:14):
to the rates today, but it will have that effect overall.

Speaker 3 (01:10:17):
Speaking of the increase in rates, we've seen some banks
move some haven't You guys have moved on that And
does what Arna Brennan say said the other day, does
that have any impact on you?

Speaker 25 (01:10:28):
It had a bit, So it took a little bit
of the heats, but not a lot. So you know,
we passed on about half of what those health our
rates were rising. They moved up fifty or sixty points.
They came back a little bit, but really only at
the margin. So we've passed on about thirty points onto
customers for fixed rates and that's really important to signal
to customers that rates are starting to move up in

(01:10:48):
those longer terms, but still offering a really good committive
rates at the short terms as well.

Speaker 3 (01:10:53):
Does that mean in your eyes for those longer term
rates the only way they are going from here now
is up.

Speaker 25 (01:11:01):
Well, that's what the market is pricing, and so for
banks to offer fixed rates and certainty for customers, they
have to hedge those in the interest rate market, and
those interest rate markets look at the longer term signals,
so they're not looking at what happened in November.

Speaker 2 (01:11:14):
They're looking at.

Speaker 25 (01:11:15):
What's happening in two three years time. So that outlook
is increasing now, and certainly the commentary and the outlook
was for that to start increasing. So that's why the
longer term rates are starting.

Speaker 3 (01:11:25):
To each up.

Speaker 25 (01:11:26):
So I think we've if we're not at the bottom,
we're somewhere close to it, and we'll wait and see
whether there's another ocr castle or not. Certainly the new
Reserve Bank governor has left that door open. But we're
somewhere near the bottom of that cycle. So the longer
term outlooks up.

Speaker 6 (01:11:42):
Mark.

Speaker 3 (01:11:42):
Appreciate your time. Thank you very much for being with me.
Mark Wiltshire, who's the TV executive at the Cooperative Bank.
It is eleven after six News Talks B we'll get
a market update from Milford Remy Morgan with US Live.

Speaker 1 (01:11:52):
Next, it's the Heather.

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Speaker 1 (01:13:02):
Apply, Bryan Bridge.

Speaker 3 (01:13:03):
Let's go to Remy Morgan from Milford for our market update. Remy,
good evening. Good evening, right, Let's start with the US
tech stocks showing just some signs of weakness. Again, there's
this AI bubble fear thing back.

Speaker 21 (01:13:17):
Yes, so the market has reacted negatively following a couple
of results from some of the most followed AI stocks
at the back end of last week. Now, the results
themselves were not actually negative, but both Oracle and Broadcom
were down over ten percent, and I think that shows
that it's quite difficult to deliver against the very high
expectations investors place on these AI stocks. Oracle once again

(01:13:42):
raised its capex guidance. I think that spooked investors who
were already concerned that they're over investing in AI data
centers and the returns that that will generate. Broadcom reported
strong numbers and guided to AI chip sales growing more
than one hundred and fifty percent next year. But even
this level of growth that seemed to disappoint investor expectations.

(01:14:03):
So I think it's likely that we'll see heightened AI
scrutiny until these AI investments and revenues start to really
prove out.

Speaker 3 (01:14:11):
Remy outside of tech and the business of tech. The
stocks in the US generally have been a bit softer
this week as well. What's going on there? What's driving that?

Speaker 6 (01:14:20):
Yees?

Speaker 21 (01:14:21):
So, putting the AI fears aside, we have had some
slight softness in the US equity markets more broadly, and
that's because this week is a big week for US data.
We've got key data releases that indicate the shape of
the US economy and these can influence the FEDS monetary
policy decisions. Now, a lot of that data has actually
been delayed following that extended US government shutdown. That's caused

(01:14:44):
some concerns on the data quality, and the market hasn't
really been sure what to expect, So that's created some
uncertainty in the.

Speaker 3 (01:14:52):
Lead up what US started. Do we get this week jobs?

Speaker 21 (01:14:57):
Yep, So overnight we had the US Limit report that
showed the US job market remains sluggish, but it's not
rapidly deteriorating. We also had the US October retail sales,
which was a flat red. Now, these two data points
didn't cause any material changes to market expectations for interest
rate cuts, but we did see the US equity markets

(01:15:20):
slightly softer overnight.

Speaker 3 (01:15:22):
Oh sorry, sorry, right, I was.

Speaker 21 (01:15:24):
Just gonna say. We also get the USCPI print later
this week, which again won't be for a complete period,
so we could see markets continuing to be cautious.

Speaker 3 (01:15:33):
Roger that back home, We've just spoke to co Op
Bank and they've been you know, they were one of
the first actually to put their longer term rates back up,
and we've seen a couple of banks do that now
after that November rbn Z cut.

Speaker 21 (01:15:48):
Yeah, that's right. So what's happened since the last cut
is that market expectations have actually led to an increase
in New Zealand interest rates swaps. That's what flows through
to the increase in increases in some of those bank
mortgage rates. Now that could potentially pose a bit of
a risk to economic growth, but we have had the
Reserve Bank governor come out this week with a few

(01:16:09):
comments that has seen some moves lower in swap rates,
not quite back to where they were pre the November
o CR announcement. But it's also worth mentioning that there's
still a relatively high proportion of mortgages that are yet
to roll over on to what are still overall lower
mortgage rates.

Speaker 3 (01:16:26):
Nice one, Remy appreciate that. Thank you, Rummy Morgan mil
Fanaset Management with our market update tonight, nineteen minutes up.

Speaker 9 (01:16:32):
Six Now.

Speaker 3 (01:16:34):
I told you earlier in the show of buying a
tent this evening, and I'm so we're getting close to
tent time and I'm just getting very excited. But I
thought i'd share with you the brand so that you
can tell me whether it's any good. It's too late
because they've bought it online, but I'm picking it up tonight.
So it's called it. It's Torpedo seven. And I was
weighing up between Torpedo seven and there's a place called

(01:16:55):
tent Town, which sounds a bit random and it's a
bit far away from me, so I didn't bother that,
but it was Hunting and Fishing or Torpedo seven. Torpedo
seven has won because they've got an early sale they've
got their Boxing day sale on already it's half off.
So the brand of this tent is a tour couda
inflatable medium six person tent. Has anyone got one? What

(01:17:18):
are they like? And what's the inflatable part is it?
Is it as quick and easy as they say it is?
Do you need a bike pump? That's my big question?
How do you actually? Do you just flick a switch
and automatically does it for you? Or am I going
to be there with a bike pump for half of
my Saturday morning putting this tent up now.

Speaker 7 (01:17:36):
Until the bike pumps are on sale as well, Ryan
and you were saying we need to get out and
support the economy. So who buying a bike pump would
be a good book?

Speaker 3 (01:17:41):
I've made a rod for my own back with that comment,
and its haven't I? Nine two nine two is the
number to text is six twenty news talk TO'DB whether.

Speaker 2 (01:17:49):
It's macro micro or just plain economics. It's all on
the business hours with Ryan Bridge and Mass Motor Vehicle Insurance.
Your futures in good NEWSTALKSB.

Speaker 3 (01:18:02):
Six twenty three on News Talks VB. So in terms
of the tint We've got loads of feedback on the tent,
and the first one that came in is from Clear,
and it said Ryan, Ryan, Ryan, No, no, no, you
should get a Zimpire tint because I've gone with a
Torpedo seven brand, and Clear says this is a terrible idea. However,
there are for everyone who says, and there are loads

(01:18:23):
that say you get a Zimpire tint. And I was
looking at them because they're nice and big, because I'm
tall and these tents are two meters. I think the
z Empire ones were like two point two meters tall,
so I was very attracted to those, but I've gone
with the one that's half off. Anyway, it comes apparently
with its own pump, and the pump works great and
the tent is great, and everyone says they're having a

(01:18:44):
great time in them. So I think I'm sorted either way.
And muzz says, Ryan, if you can't pump it up
within five minutes, you need to hand back your man card.
So there we go. I'll tell you after this how
depending on how this weekend goes, muzz I may have
to hand that back. Six twenty four.

Speaker 2 (01:19:01):
There's no business like show business.

Speaker 3 (01:19:12):
Rolling Stones they are calling off plans for a stadium
tour of Europe and the UK next year. Gosh does
sound ambitious, even saying it doesn't it for the Rolling Stones,
apparently because Keith Richards was unable to commit to it now.
The tour was never actually like properly or officially announced,
but the band spokesperson recently told press that the band

(01:19:35):
was nearly completed, nearly done on a new album and
planned on touring next year, so people kind of assumed.

Speaker 6 (01:19:42):
It was happening.

Speaker 3 (01:19:43):
Keith Richards turns eighty two on Thursday this week, apparently
doesn't want to commit to the riggers of a big
stadium tour that could take as long as four months.
The Stones are toured almost every year since the early
two thousands. Of McJagger is also eighty two on wood
is seventy eight. Their original drummer, Charlie Watts, died in
twenty twenty one. When they were last on tour a

(01:20:05):
couple of years ago, Mick Jagger talked about has the
love of being there.

Speaker 1 (01:20:10):
I just love doing it.

Speaker 26 (01:20:11):
I mean obviously you have to train and you know
train your voice and your body and you know, get
feel comfortable on the stage and make it your own
and all that. But in the end, it's it's that
you like doing it and the audience is enjoying it,
and you get this back and forth with the audience.

Speaker 6 (01:20:31):
You can see they're having your time.

Speaker 26 (01:20:32):
You're having good time. That's and it gives you a
lot more energy than would have if you're just doing
a rehearsal.

Speaker 3 (01:20:38):
Well, it would have been great to see them, wouldn't
they And we may yet still see them again on tour.
You're on news talks, be.

Speaker 7 (01:20:44):
Hang on, hang on a minute, right. Keith Richard says
he's not up to doing a tour, I mean any
other like eighty year old. Sure, I'd be like fine.
Keith Richards has smoked enough cigarettes on the stage, littlone
all the ones he's smoked off stage, so there's lungs
presumably don't exist. He's immune to physical aging and physical
riggers and all the abuse that body's gone through. What
he can't handle the tiller, he's probably the there of

(01:21:06):
the rolling stones. I would least expect to be unable
to handle the tiller.

Speaker 3 (01:21:10):
What's this is great?

Speaker 6 (01:21:11):
Well?

Speaker 3 (01:21:11):
Maybe I mean sadly, maybe it's finally all catching catching.

Speaker 7 (01:21:14):
Yes, maybe that's why he can handle it all, is
that he actually paces himself really well.

Speaker 3 (01:21:18):
It was going to happen one day, wasn't it. But
I mean, as I say, hopefully it's just a temporary
thing and when he turns eighty three he'll be back
up and at him. You're on news Talks, there'd be
twenty six after six after the news at six thirty,
we are going to talk to Jane Tip Trainey because
you might have noticed that the new Reserve Bank Governor
Arna Brennan is doing a whole bunch of interviews this

(01:21:39):
week and every time she does a new interview she
says something slightly different and everybody goes, oh, is that
going to change the swap rates? Hasn't So far the
initial statement that she put out changed them. Since then,
there's been no real movement. So we'll talk to Janay
about whether there'll be any more for the side of Christmas.
Highly unlikely, but we'll ask. Also we'll get to gather

(01:22:00):
and gray out of the UK before top of the hour.

Speaker 2 (01:22:02):
All ahead, everything from SMS to the big corporates, the

(01:22:27):
Business Hour with Ryan Bridge and Mass Motor Vehicle Insurance.

Speaker 1 (01:22:32):
Your future is in good hands US Talks MB.

Speaker 3 (01:22:46):
Pretty far away THRO seven, you're on us Talk CIB.
The plot thickens over in Australia. This is just the
story goes from bad to worse, from bad to worse,
from bad to worse. This is the Bondie terror attack.
So the accused, one of the qu's terrorists, has apparently
been following the teachings of a preacher by the name

(01:23:06):
of Wissam Haddad, and that preacher has close links to
Islamic State terrorists and they were reportedly this is according
to the ABC. This is a report from back in September.
They were targeting pro Palestinian protesters, you know, they would
go for the marches on the bridge over the Sydney

(01:23:29):
Harbor Bridge or in downtown Sydney. They were targeting pro
Palestinian groups for recruits and one of them the ABC
identified as somebody who they thought was a youth recruitment
officer basically for the Islamic State. So this is all

(01:23:51):
coming out in the press over in Australia at the moment.
But they're basically linking who was the accused terrorist, following
where did that who was that follower? Following and friends
with and what were they up to? And it's painting
a pretty bleak picture indeed over across the Tasman twenty
four away from seven Ryan Bridge. Right, let's get to

(01:24:12):
Danae Tips Trainey, who's The Herald's willing to business editor
with us this evening toenay, good evening, Good evening, Ryan.
So we've had the Reserve Bank governor busy doing a
whole bunch of interviews this week. What have you made
of them and what impact they've had on markets?

Speaker 27 (01:24:29):
Yeah, look, interestingly this week Arna Breeman came out and
did three interviews in which she delivered the same message.
She basically tried to talk markets down a weeb it.
After the Reserve Bank cut the OCR in November. The
market really fixated on some of the commentary around the cut.

(01:24:50):
It got ahead of itself at priced in three OCR
hikes for next year. That's quite a lot. Wholesale interest
rates went up, you know that' saw Westpac A and
Z the hot bank or lift mortgage and term deposit rates.
This week the governor just came out to basically, and
Reserve Bank speak, say calm down. So I spoke to

(01:25:12):
her yesterday afternoon. She didn't say, calmed down exactly. But
she directed the market to focus on the Reserve Bank's
o CR track and it's November statement. And according to
that track, the Reserve Bank reckons the ocr will stay
low for next year. In fact, there's a slight chance
it could even be cut a bit more. So she

(01:25:32):
tried to emphasize that, and that did move the market.
The market has now priced in two o CR hikes
for next year, not three, and those wholesale interest rates
have come down, but they're still quite a bit above
where they were before the November statement.

Speaker 3 (01:25:48):
And hasn't that that change hasn't prompted the retails yet
to undo the you know, they like that they had
initially put in right.

Speaker 27 (01:25:57):
No, and I you know, I just I don't think
they will. So, you know, some banks haven't shifted yet,
or they might not shift at all. I think the
market is, you know, it's a lot of information to
digest this week. It's probably still going to look to
the GDP figures out tomorrow. You know, markets factor in
a bunch of things when they are set, you know,

(01:26:20):
when they sort of do their trading in the money markets,
you know. But I think her comments did have an effect,
and they actually did take the market by surprise because
last week we talked to the governor and we asked her,
you know, she comfortable with where the market is at,
and she didn't really say anything this way or that way.

(01:26:40):
But at that point she hadn't actually met with her
fellow Monetary Policy Committee members, you know, it's the whole
committee that sets monetary policy. So after we meet her
last week, she did meet with the committee members and
then came out on Monday with, you know, with this
sort of jaw boning. So you know, some people have
talked to her are quite critical of this. They said,
why didn't she meet with her committee members as soon

(01:27:02):
as she'd got the job at the beginning of December?
Why did she wait so long? So I think that's
probably a fair question.

Speaker 3 (01:27:08):
Now, the new capital requirements for the banks, you know,
sort of undoing what adrien Or had done. Do you
think that we spoke to the co Op Bank earlier,
it didn't sound like it's going to really have much
of an impact. I know they don't come in immediately,
but much of an impact on our interest rates or
what we're paying the banks.

Speaker 27 (01:27:29):
Well, the Reserve Bank thinks that Ultimately it will have
an effect. So remember these capital rules, which aimed at
making banks strong, they're being phased in. They'll be fully
phased in twenty twenty eight. The Reserve Banks saying that
with the changes it will make, it'll save banks about
reduce their funding costs by about twelve basis points compared

(01:27:51):
to that twenty twenty eight level. So in theory, you know,
banks should pass that cost saving onto customers. That's what
the Reserve Bank thinks, you know, they think it could
be in the magnitude of about ten basis points. The
savings that you might get on your you know, your
your loans and you know, if you're a savor that

(01:28:12):
the extra interest you'll get for your term deposit about
ten basis points. But that's compared to what it would
have been under the old rules by twenty twenty eight.
So that sounds awfully complex. I mean, it is a change.
Is it huge?

Speaker 6 (01:28:26):
No?

Speaker 27 (01:28:27):
Will banks pass that cost saving on don't know? Will
their shareholders just pocket that cost saving? Well, you know probably.
I talked to Nikola Willis about that today and I said, well,
this is going to be really hard to measure. You know,
so many things factor into bank profits. How are we
going to know exactly? So I think that that's a

(01:28:49):
key question. I mean, the thing is here though. When
the rules first came in, we didn't have this deposit
compensation scheme. We now have that, So that means that
if your bank collapses, you'll get some of your money back,
which is an extra thing that makes banks a bit stronger.
So the Reserve Bank is saying, look, because we have
this new deposit compensation scheme, we can ease up on

(01:29:10):
these capital rules a bit.

Speaker 3 (01:29:13):
Yeah, so, yeah, makes sense. Hey, you know the deposit
This is a random question, but I've kind of been
thinking about it, and maybe it's a dumb question. I'm
just gonna ask. So it's one hundred thousand dollars per
If you've got an account with the bank, they guarantee
you up to one hundred thousand dollars. Would let's say
you've got five hundred thousand dollars. Should you not put
one hundred thousand dollars into different five different banks and

(01:29:36):
then be covered five times or is it pull per person?

Speaker 14 (01:29:40):
Yeah?

Speaker 3 (01:29:40):
No, you're right.

Speaker 27 (01:29:40):
If you have five hundred thousand dollars, you're best off
under the scheme to split it. So if you have
five hundred thousand at one bank, that bank collapses, you'll
only get one hundred thousand back. But if you've spread
your five hundred thousand across five banks, and all five
banks collapse, you'll you'll get one hundred thousand back from
each bank. So you know, this is not not financial advice.

(01:30:03):
But if you want to maximize, you bet, then that's
probably a good idea. I had wandered actually with it.
We'd see a whole lot of money moved when the
scheme came into place in the middle of the year
because of this. But it sounds like there sort of
hasn't been noticeable sums shifted.

Speaker 3 (01:30:21):
About maybe no one. That's because we haven't got the
word out yet. Now that now that you're giving us
this great financial advice, Janney.

Speaker 27 (01:30:27):
Yeah exactly, I'm going to get some some very angry
phone calls.

Speaker 3 (01:30:30):
But no, I mean that that is how it works, Okayating.

Speaker 27 (01:30:34):
Finance companies and things are included in that as well.

Speaker 3 (01:30:37):
Fascinating. Now I just need to find half a million
dollars then I'll be easy. Jane, thank you. Trainee from
the Herald is with us this evening seventeen away from
seven We'll get to Gavin Gray out of the UK next.

Speaker 1 (01:30:49):
Ever, it's to do with money. It matters to you.

Speaker 2 (01:30:52):
The Business Hour with Ryan Bridge and Mass Motor Vehicle Insurance.

Speaker 1 (01:30:57):
Your futures in good hands.

Speaker 3 (01:31:00):
News Talk zibby fourteen away from seven News Talk SIBB.
Doctors in the UK going on a five day strike
that we thought that, No, the twenty four hour strike
or even the two seven hour strike that we had
in New Zealander's bed not although Devin Gray is our
UK Correspondentvin, which doctors in particular are going on strike
or is it all of them?

Speaker 28 (01:31:20):
Note these are what are called resident doctors that used
to be called junior doctors, Ryan, but they represent about
sixty percent of all the doctors that you see in
a hospital. Not the consultants or the surgeons here, but
the doctors, you know, the straightforward one. So a large
proportion of the doctors are going out on strike. It's
a long running dispute.

Speaker 3 (01:31:41):
Over yes, you guessed it.

Speaker 20 (01:31:43):
Pay.

Speaker 28 (01:31:43):
The government's pointing out that they've actually given the doctor's
resident doctors a thirty three zero percent increase in salary
over the last couple of years. But the junior doctors
are not happy. They say no, that's still not enough,
and also there are some other things they want over,

(01:32:04):
basically career progression training, et cetera, et cetera. Now, the
government held an emergency meeting a couple of days at
the end of last week, effectively trying to stop this strike,
and the junior doctors held another voter and effectively decided
to go ahead. It was a real snub to the

(01:32:24):
government's attempts, with more than eighty percent voting for this strike.
The reason it's particularly in the headlines at the moment
RAN is because we have got.

Speaker 1 (01:32:33):
A real wave of bad flu.

Speaker 28 (01:32:36):
Strains going around and that has meant that many beds
are now occupied in hospital by flu patients. So people
are beginning to think that actually, this five day strike
may well knock out non emergency services for a while,
and that's going to push up waiting lists and do
a lot of dent to the government's plans to get
those waiting lists down.

Speaker 3 (01:32:57):
Yeah, we have a similar thing going on here because
during COVID, I'm sure you did the same thing. The
waving lists blow out, government comes and tries to fix it.
People go on strike and then it makes it very difficult.

Speaker 14 (01:33:08):
Now.

Speaker 3 (01:33:09):
Climate We're spoken about this a couple of times, but
the climate, the sort of rolling back of the climate initiatives,
the European Commissions watering down its petrol diesel vehicle ben.

Speaker 28 (01:33:20):
Yes, so the EU said that they were going to
have zero emission new cars sold from twenty thirty five.
In other words, every single car being sold off the
fore court that was new was going to have to
be electric or some kind of other zero emission vehicle.
Well they've watered that down now to ninety percent, so

(01:33:41):
it's still pretty tight, but I think it's a sign
of perhaps what's more to come. Car makers, particularly those
in Germany, have lobbied very heavily for concessions. They are
pleased it's come down, but I think some of them
are really thinking, actually, this needs to come down even more,
and they are just saying quite simply that we are

(01:34:02):
just not going to get there because the interest and
the sales in electric cars has not been strong. And
also the change to production lines whilst it's been happening
to go from internal combustion through until electric, well those
changes have started to be made, but we think twenty
thirty five is way too ambitious to ban new petrol

(01:34:24):
and diesel vehicles.

Speaker 3 (01:34:25):
So in a.

Speaker 28 (01:34:26):
Sense, Germany well, of course, one of the big big
players in the EU, has got its way here, and
it's not the only group that's pleased with this. It
would appear as well, this is the way the UK
is going as well, with the UK previously being hammered
for the requirement for having better incentives to encourage drivers

(01:34:47):
to buy electric Those incentives are there, but they're not
very significant, and again electric car interest and electric car
sales not great. Opponents of what's happening in the EU
say they really risk undermining the transition towards electric vehicles
and leaving the EU exposed in the face of foreign competition.

Speaker 3 (01:35:06):
And finally, given doesn't matter what kind of call you're driving.
If you're going to first you get a speeding fine,
but some drivers that might get an early Christmas prison.

Speaker 28 (01:35:14):
Yeah, this is an almighty cock up here by various
authorities because it's been discovered that these roadside cameras, the
fixed cameras that we see above gantries across major roads
are on the side of the road, have been actually
giving the wrongful speed and activated when people were driving

(01:35:35):
to the limit and not speeding. So in total, two thousand,
six hundred and fifty wrongful speed camera activations as they
call it. In other words, wrongful prosecutions have happened since
twenty twenty one, and that's due to a delay between
the cameras and the variable speed signs. Now the effected
drivers are being contacted by police and will be reimbursed

(01:35:58):
for any fines. Points that they had removed from their
license will be replaced. But the problem here, Ryan is
some people might have lost their licenses all together because
of numerous driving offenses, and of course if you lose
your license, for some people, it's also the loss of
their job. So it's a very real issue that among
these two thy, six hundred and fifty wrongful convictions or

(01:36:22):
wrongful prosecutions, there might be some people who have actually
had their lives completely upended by excuse me, a fake camera.

Speaker 3 (01:36:29):
Reading, Gevin, thank you for that update. Devin Gray are
UK correspondent nine to seven News Talk ZIBB.

Speaker 2 (01:36:36):
It's the hitherto See Allan Drive full show podcast on
iHeartRadio powered by News Talk ZIBB.

Speaker 3 (01:36:43):
Don't news Talk ZIBB. It is six minutes away. From seven.
I was just talking to Laura in Ens during the
ad break. They're about aging and how everybody these days
is getting you know, they're either getting botox or they're
getting me here dyed or that, I don't know, having faceless,
you know the cards. It used to be that you
get a bit of filler and a bit of botox
and they'd be done with it. Now they're all getting faceless,

(01:37:06):
which apparently costs about two hundred and fifty thousand dollars
to get done because they're the best in Hollywood. But
what happens if you don't do any of that stuff?
Do you look old? And if everyone else around you
are your age, is doing it, you will stand out,
won't you? If you know, it's almost like pear pressure
at that point. If everybody else is doing it and

(01:37:27):
you don't do it, you're going to stand out like dogs,
you know what? Bollocks. So I don't know, it's a
question I suppose everybody must confront at some point. Luckily,
I'm not anywhere near that point yet. You're on news
talk z'd b. It is coming up to seven o'clock.

Speaker 7 (01:37:44):
I don't think either of us Ryan hang out with
as many ridiculously attractive people, as the Kardashians would over
there in Beverly Hills still live all the showers.

Speaker 6 (01:37:52):
That is true.

Speaker 7 (01:37:53):
Who am I? What's My Name? By Snoop Dogg to
play us out tonight. Snoop Dogg has announced that he
will be playing the halftime show at one of the
NFL games that's going to happen on Christmas Day. Christmas
Day is a big sporting day in the States, so
it'll be Boxing Day for us.

Speaker 3 (01:38:07):
And you can watch it.

Speaker 7 (01:38:08):
It'll be the Detroit Lions versus the Minnesota Vikings as
far as I can find out, if you want to
watch that one, you will have to jump on NFL
Game Pass on the web to stream that one. But yeah,
but if you do, you can watch the dog Father
play the halftime show.

Speaker 3 (01:38:24):
Brilliant love it as Thank you very much for that.
Time is five minutes away from seven, And just before
I leave you this evening, we do have some breaking
news that the alleged Bondi attack gunman has been charged
by police with fifty nine offenses, including fifteen counts of
murder and one count of committing a terrorist act. Just

(01:38:45):
repeating that breaking news now alleged Bondi. The alleged Bondi
attack gunman has been charged with fifty nine offenses, including
fifteen counts of murder and one of committing a terrorist act.
We'll have more on that news coming up seven o'clock,
and then again of course on the insured hero dot
co dot insid for more breaking news on that right now.

(01:39:07):
I will see you tomorrow. Tomorrow's my last show for
this year, for twenty twenty five, so I'm gonna come
with my party pants on and look forward to seeing
you tomorrow afternoon at four. Have a great one.

Speaker 29 (01:39:19):
Go now, just throw your hands, wave yump in the
hay and wave them rolling around like you're just don't pee,
roll up the dank and pull the drink and white
just stop wild because dogs on the king, my bank

(01:39:41):
goes all swollen.

Speaker 3 (01:39:42):
I'm still a long here, legit.

Speaker 2 (01:39:43):
Now I'm on called wrong swoll with.

Speaker 29 (01:39:46):
The dog pan wake behind me, and you're rolling with
my bench. I for your make crime meat binging that
thing and that cheek thing. But she wrote the geek
with the biggest say and all that he is, I
can I can him slim with the tilting.

Speaker 3 (01:39:59):
Brun What shou.

Speaker 6 (01:40:05):
Them the palm

Speaker 2 (01:40:23):
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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Full Show Podcast: 17 December 2025

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