Full Show Podcast: 17 July 2025

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:02):
Digging through the spins Spence to find the real story.
Or it's Ryan Bridge on Heather duper Cellen Drive with
One New Zealand Let's get connected and News talks 'B.

Speaker 2 (00:13):
Good afternoon, just gone seven after four here on News
Talks VB. Food price inflation after five tonight, Well look,
could your higher grocery bill keep your mortgage rate higher
for longer? That would be a double edged sword, wouldn't it.
Warnings this afternoon about fresh chicken that you're buying from
the supermarket? Do we take them seriously or not? The
abs everyone gets a turn on the field this week.

(00:35):
What makes a good entrepreneur? After six o'clock with ice
House Ventures and timoth A Paul from the Greenses on
the show after five point thirty tonight, Which is interesting,
isn't it? It is seven after four, bread Bridge. How
many times have you heard the Prime Minister say this
government is different because it's going to set targets, it's
going to track progress, and it's going to be open

(00:56):
about its actual result. It's going to be honest. That's
how we're going to get the country back on track.
This is what we've heard from National and from the
coalition so many times, and what's more important than turning
around education and getting on top of youth crime, youth justice,
not much, which is why they've got charter schools and
why they've got boot camps. Everybody said, Yep, those kids

(01:18):
need sorting out in the case of boot camps, or
those kids deserve more choice in the case of charter schools.
But now this week we've heard from the agencies involved
in these programs and they've decided they won't be telling
the public how many students are enrolled at the new
charter schools, and in the case of the boot camps,
they won't talk about how many of the kids are

(01:40):
actually reoffending. They've given various excuses for this, but none
of them really stack up. The fact is people can't
trust a system or a program that they know nothing
about when you're totally upfront about the results. When you're
not totally upfront about the results, I should say, it
looks like you're trying to hide something. It looks like
when you're trying to hide something, it's bad news normally

(02:02):
that you're trying to hide. So, either the government knows
that charter schools and boot camps are a bad idea,
which I doubt because otherwise why would they do them?
Or they're a little bit scared of failure maybe on
some key programs. We're a year up from an election.
Here's some free advice to you. And I don't know,
to be honest, whether it's the government directing the agencies
to do this or just the agencies themselves, but here's

(02:25):
some free advice. Give us the truth and we will
make up our own minds. Ryan Bridge. The numbers text
just gone nine after four credit cards to charges. No
one likes them. The Commerce Commission has decided to lower
the cost of interchange fees for Visa and MasterCards. They
reckon this will save businesses around ninety million bucks a year,

(02:45):
and that could save each business five hundred dollars on average.
Carolyn Young is Retailing Z chief executive with me this afternoon.

Speaker 3 (02:53):
Hi, Carolyn kider right, Thanks for having me on board.

Speaker 2 (02:56):
So is this going to make a major difference to business?

Speaker 4 (03:01):
Look, it's kind of too early to tail, isn't it.
You know, what we really want to make sure that
we see is that we do see those lower sees
come through in the bank statements for retailers and then
what consumers are going to want to see is that
we'll see lower surcharging to reflect that. So that would
be the one one opportunity for everyone. And the key
thing is how do we make sure that that's happening.

Speaker 3 (03:23):
That's going to be the critical factor, and we won't know.

Speaker 2 (03:26):
I guess the proof will be in the pudding. But
the fact that the ComCom has already stepped back from
because remember the last time we spoke, it was two
hundred and sixty million dollars in savings. They were thinking
now we're at ninety that presumably that's pressure from the industry.

Speaker 4 (03:41):
Look when you look at the report they put out today,
there are some differences between what they had proposed in
their draft decision to where their final places position, and
so that's part of it. So they haven't addressed any
of the commercial credit card fees that's left done capped
and that could be in that's quite a high percentage

(04:04):
of things. And the international cards they some of those
cards that the debit cards for international fees they are
still quite high. So overall there's been a little bit
of movement up, so you know, less savings for the
whole economy. So for retailers and for consumers. And what

(04:26):
we do need to make sure is that this is
one part of the merchant service fee. There's about five
or six fees depending on how you've structured your payment portfolio,
that make up the merchant service fee. The COMMICS commissioners
said they want to get that fee down to one
percent maximum. Our recommendation to the COMMICS commission and our
submissions was that regulate the total fee, make it one percent,

(04:48):
make it really flat and easy for everyone. Then you
can just implement a standard surcharge for it be a
maximum of one percent and everyone knows where they stand
because it's really really complicated.

Speaker 2 (04:59):
And we would get that too, because at the moment,
some retailers are charging two and a half percent the
charges and more for what the ComCom is said that
should be a maximum of point zero point seven percent
debit card to charge retailers clipping the ticket here or what.

Speaker 4 (05:13):
No, you're just talking about the interchange feed, which is
only one part of the merchant service fee. So depending
on the type of card that you're that the customer
is paying with, the bank that they come from, who
your payment system runs through, you know, is it a
master card, Is it a visa, is it an amex?

(05:34):
Is an overseas card? You know, all of those factors
all mean that it can be a different feed that's
applied through. So debit is different to credit, and it's
different if it's MX versus Master card or visa, and
it's different if it's an overseas card. So there's lots
of permeations that roll through. So understanding that whole piece
is super complicated, and what retailers and merchants really want

(05:58):
is a simplified system that everyone can understand. So Max
great clarity.

Speaker 2 (06:02):
One percent you reckon cap at all, well.

Speaker 4 (06:05):
That'd be great, Like we would all know that the
total fee you might be charged on average would be
one percent, and therefore if a business wanted to put
in place a surcharge, they would know that that was
a surcharge that they could put in place. Consumers would
also they know that that's all that they could be charged.

Speaker 2 (06:20):
Appreciate your time, Carol and Young Retailings the chief executive,
and this has come from the Commerce Commission. It's their
final recommendation, final report on the matter, So that won't
be happening a total one percent cap, but there you
go look, is it going to make a difference. The
thing is it's going to be five hundred dollars on

(06:40):
average per business. Whether they pass that on to us
is a completely different situation, So we may not even notice.
It might be a little bit like the power announcement yesterday,
the electricity announcement we got yes today? Will you notice
it on an annual basis? The number to text it's
thirteen minutes after four. We'll get to sport next.

Speaker 5 (07:01):
It's the Heather Duper See allan Drive full show.

Speaker 1 (07:03):
Podcast on Ihard Radio powered by News Talk ZB.

Speaker 2 (07:08):
News Talks ZB. Just gone sixteen after four. Ryan just
got back from the UK. I use my credit card.
This is on the searcharges for everything on payWave and
there were no fees and post Really I find that
hat well, I mean you would know, but I find
that hard to believe given our experiences here. Ryan, if
we were really concerned about this and the parasites skimming
the percentages off our transactions, we would just go cash.

(07:31):
Says Nick. Well, that's inconvenient, but yeah, I suppose you've
got a point seventeen after four Bryan Bridge, Elliot Smith's
Sports Elliot Smith, I should say sports talk host here
with us seven o'clock tonight on News Talks VB and
is here now. Hey Elliott, Hey Ryan, Hey. All Blacks
have named their team and no Barretts.

Speaker 6 (07:49):
No Parrots, no very rare in the last sort of
deckad that would be an all Blacks team with no Barretts.
There a boat and Barrett ruled out with a hand
in jury. It sounds like he might have been on
the bench, but he has been ruled out with a
hand injury. And Scott Robertson actually a little bit concerned
earlier in the day when we spoke to him about
it and us him that he's going to go for scams.

(08:09):
It was looking quote a little bit puffy. So we'll
wait and see on that. Scott Barrett's already out with injury,
and Jordi Barrett not selected this week. He's been left
out of the twenty three entirely, so no Barrett's ten
changes to the run on team and all all from
the side. That's one in Wellington last week. There is
seven Chiefs in the run on side for this game

(08:31):
here in Hamilton as well, so I'm sure the local
crowd will be happy with that. Seeing a number of
chiefs there, but probably more changes than we expected in
this All Blacks team for this weekend. Scott Robertson clearly
wanting to build some depth as the All Black's head
to the twenty twenty seven Rugby World Cup and last
year probably didn't take the opportunities that were there to
build depths and it feels like he's probably learned his

(08:53):
lesson a little bit from that and trying to build
depth and trying to build in different positions for deep
around some of those key positions for the World Cup.

Speaker 2 (09:03):
Yeah, I suppose you don't want to underplay your hand
too much with the French at the same time, right,
that's right.

Speaker 6 (09:08):
Yeah, has given an opportunity though they've wrapped up this series,
and I guess it's a risk and reward thing for
the All Blacks, the confident that these players that they
are putting out still capable of going out there and winning.
But you do learn a little bit more about the
likes of Reuben Love at fullback who's only played twenty
minutes of All Blacks rugby to this point, some of
the other combinations that we haven't necessarily seen. So if

(09:30):
not now when so Scott Robinson's taken that approach.

Speaker 2 (09:33):
Ok, give it a go. Roger two of us a check.
He's in talks with a Saudi breakaway Rugby league franchise.
What's this about?

Speaker 6 (09:41):
H R three sixty. So this has been in the
we works for a wee while I was muted earlier
in the year. Mike Tindall's involved. A member of the
Royal family of course, won a Rugby World Cup with England.
And it's sort of like a Formula one twelve franchises
around the globe going to different poite parts of the
globe and playing games. Yeah, kind of like sevens do

(10:01):
a bit in fifteens, but it's Saudi backs, so kind
of like the Live Circuit combined with save Formula one
and throwing all in the mix. But the rooms have
been abound for a while. It's targetting some key players
and Roger two varsas Sheck is the first name from
this part of the world to be attached to it,
and his agent Bruce Sharrick and for me that they
have had some approaches and looking to that. Although Rodger

(10:22):
two varsa Sheck is still contracted until twenty twenty six,
so wouldn't be for next year. But it sounds like
he's got an offer on the table and has to
weigh up whether it's worth it. Whether this competition will
even start is another question entirely, but they're beginning to
make moves in the sort of development phase of R
three sixty.

Speaker 2 (10:39):
So very much a case of watched the space, all right, interesting,
thanks so much. Since Elliot Smith News Talks. Heb just
gone twenty after four, coming up after five. We're gonna
look at this campellor. Back to story. You know, bad
chicken sick, it can cause death actually, which is what
Michael Baker l are talking about in this new research

(11:00):
that they've put out. So it's public health experts. It's
lead by Michael Baker, who we know from COVID, and
they've said sixty deaths from campbella BacT since two thousand
and eight, nine thousand hospitalizations and six hundred thousand people
made sick, and it sounds very bad and perhaps it is.
But now we've got the New Zealand Food Safety coming

(11:21):
out saying actually this is alarmist and it's all a
little bit wrong. So who are we to believe they reckon?
It's not actually eating the just eating raw chicken or
undercooking chicken. It's from cross contamination on the surfaces in
your kitchen that's doing this. So who are we to believe?
We will look at that after at about five ten
this evening twenty one, after four.

Speaker 5 (11:43):
Moving the big stories of the day.

Speaker 1 (11:45):
Four when it's Ryan Bridge on Hither du for Sea
Allen Drive with one New Zealand let's get connected news talks.

Speaker 2 (11:53):
That'd be four twenty three. So this is Trump watch
again and his feud with Jerome Powell. Well, it's a
one way feud, isn't it with Jerome Powell, who's the
fed cheer again raised in the White House. Bloomberg was
reporting that, and it was only White House sources rather
than from the man himself, but they were reporting that
Trump was keen to pull the trigger and get rid

(12:14):
of Jerome Pale. He's got nearly a year left on
his contract. And if you listen to Trump, he's obviously
making no secret that he hates the guy.

Speaker 7 (12:21):
I think he does a terrible job. He's costing us
a lot of money, and we fight through it. It's
almost the country has become so successful that it doesn't
have a big impact, but it does hurt people wanting
to get a mortgage, people want to buy a house.
He's a terrible He's a terrible fed chair. He's a knucklehead.

Speaker 2 (12:42):
There you go, a knucklehead and Trump reckons. The job's
actually quite easy.

Speaker 7 (12:46):
It's not a tough job, to be honest, assuming you're smart.
It's not a tough job. If you're a dumby, then
I guess it's a tough job. But it might be
one of the easiest jobs I've ever seen.

Speaker 2 (12:59):
So will he find that's the big rule anything?

Speaker 7 (13:02):
But I think it's highly unlikely unless he has to
leave for freud. I mean as possible.

Speaker 2 (13:07):
There's fraud involved.

Speaker 7 (13:08):
With the two point five two point seven billion dollar renovation.
There is a renovation. How do you spend two point
seven billion dollars?

Speaker 2 (13:18):
There's Donald Trump. So the markets didn't like this very much,
and they immediately responded, which is interesting because markets would
actually prefer to have lower interest rates. But they also
know that there needs to be some rules in the game,
and you need an independent Federal Reserve, and you need
an independent chair of the Federal Reserve into your own pals.
So they took a hit. They had recovered after Trump

(13:40):
sort of walked back a little bit of what he
was saying in the rehetor at twenty five minuteses he
so often does. Twenty five minutes after four Brian Bridge
after five point thirty tamoth Of Paul, the Green Party
spokesperson for children. I honestly didn't think she would ever
come on. I don't know. I haven't tried to get
Tamotha Paul onto a number of shows over the last

(14:01):
year and haven't had that much success with her. But
she is coming on the program today because talk about
the boot camps and audering a Tamadiki saying they're not
going to release which why would you not? Why would
you not release it? Not going to release the information
about reoffending rates for kids who are going into the
boot camp, It just looks like you're trying to hide something.
She's on the show after five point thirty. Ryan, We've

(14:24):
been in the UK for a month. Definitely no surcharge
for using the payWave or the credit card. Ryan, just
back from Germany, Spain, France and Belgium. Not a single
surcharge anywhere we used payWave and everything. Ryan, have been
in the UK, Canada and the us nothing that this
is from scott only in New Zealand, so why is
it only happening here? We see I mean, I know

(14:47):
when they brought in the payWave thing that was like,
oh you got to pay extra because you're waving instead
of swiping. But well as no one else even using
payWave in Europe, why are they not doing it? And
we have to twenty six a half to four News
talk said be no, it was a last night.

Speaker 8 (15:06):
NOI was a last night. I know you said this
time you really.

Speaker 3 (15:13):
Were coming back again?

Speaker 9 (15:15):
Oh baby, baby starting telling me the saying, oh no,
it was.

Speaker 8 (15:21):
A last night. Noie was a last night.

Speaker 1 (15:31):
Recapping the day's big news and making tomorrow's headlines. It's
Ryan Bridge on hither dup see allan drive with one
New Zealand. Let's get connected.

Speaker 9 (15:42):
News talks at bat you baby, don't.

Speaker 2 (15:49):
Me twenty five five year on news Talks. He be
a big bang in Wellington today was heard around the
city from different corners of the city and all at
the same time, and everyone was like, what was that?
What was the big loud noise? And was that Ray
Chung's political career falling over?

Speaker 10 (16:05):
No?

Speaker 2 (16:07):
Was it? Tempestuous weather? No, it wasn't. It was actually
Health New Zealand says a generator backfiring at Wellington Hospital.
They reckon They were testing it for oh, I don't know,
presumably testing to see whether it works. Clearly is not
working that well. But how big must a generator be
too in order to be heard right across the entire
city from Wellington Hospital, That is my question. But there

(16:29):
you go. That's the source of the bang in Wellington
today twenty four away from five it's the.

Speaker 5 (16:35):
World wires on news dogs it'd drive.

Speaker 2 (16:38):
Israel has bonded several government buildings in the Syrian capital
of Damascus. The Prime Minister Netanya who is ready Prime
Minister Netanya, who has accused the Syrian government of sectarian
violence against the Druez ethnic minority. The IDEF is operating,
the Air Force is operating, other horses are operating. We
are acting to save our Dreuze brothers and to eliminate

(16:58):
the rais used gangs. Marco Rubio wants the violence to end.

Speaker 11 (17:03):
In a misunderstanding. It looks like between is the Israeli
side and the Syrian side. So we've been engaged with
them all morning long and all Nate long with both sides,
and we think we're on our way towards a real
de escalation and then hopefully get back on track.

Speaker 2 (17:18):
Elbow, this is the Australian Prime Minister has saved the
best bit of his trip to China for the last.
He's gone to visit Boonie the panda. It's spent fifteen
years living at the Adelaide Zoo. Elbow says, Bonie is
a symbol of China and Australia's strong relationship.

Speaker 12 (17:33):
It's one point for me and strong the Chinese Australian
diaspra making an incredible contribution as part of our multicultural
community in Australia, and the visit here has been very
warmly received.

Speaker 2 (17:46):
Ozzie Corey, Oli Peterson with us in just a second. Finally,
actress Emma Watson has been banned from driving in the
UK for six months, which you see the headline and
she always looks like such a nice person. I was
thinking what we're she's doing in her car? Turns out
wasn't actually that bad. Last July she was caught driving
thirty eight miles an hour in a thirty zone, so

(18:08):
basically she was going sixty and a fifty if you
translate to kilometers, as she already had nine demerit points.
Her license has been suspended for six months and she's
copped a two thousand to three hundred New Zealand.

Speaker 9 (18:19):
Dollar fine International correspondence with ends and eye insurance. Peace
of mind for New Zealand business.

Speaker 2 (18:26):
A man's been charged over Melbourne's synagogue attack. Olli Peterson
six pr per Live presented with us. Now, hey, Olli.

Speaker 13 (18:34):
Member of last year that our listeners will remember. This
is a synagogue in Melbourne. A twenty year old man
from Victoria and Williamstown was arrested yesterday by police. And
have a go at this wrap sheet Ryan. This particular
car was stolen but was also used in a couple
of other incidents in Victoria, including an attack on a
nightclub which was arson and a shooting on the same

(18:57):
evening as that arson attack. Now, this bloke is going
to be before the court sooner rather than later, and
if he is charged with terrorism offenses, which he may
very well be, and he's convicted of that, he could
be spending the rest of his life behind bars. But
quite a brazen theft it was of this particular golf
because it has been seen in a lot of CCTV

(19:17):
footage in even incidence back in May of this year,
and they've been able to change the number plates on
a number of occasions. So police have obviously got a
big rap sheet. They'll make some pretty major allegations during
this court case. But a twenty year old man has
been arrested over the theft of this car in relation
to that fire bombing of the synagogue in Melbourne late
last year.

Speaker 2 (19:37):
Okay, interesting, And what's happening with the Elbow and the panda?
Isn't this funny? It's pandemonium, isn't it.

Speaker 13 (19:44):
He's visiting his friend the panda and talking up the
relationship between Australia and China. Look, he's been there for
a long time, five days, has Prime Minister Albanizi, And
he started to really invoke the same symbols of that
of the former Australian Prime Minister golf Whit when he
appeared there on the Great Wall yesterday. But I mean,
it's really interesting, isn't it. He's doing this sort of

(20:05):
victory lap around China talking up the importance of trade
and our economic relationship. And this is at the same
time that the White House is demanding that if we
are to sign up to and continue with Orcus, that
Australia is signing up to a US plan to defend Taiwan.
So this has all these geo political implications. It's rather
fascinating at the moment to see. I guess how much

(20:26):
sucking up Anthony Abernezi is doing in China at the
moment when all of this is playing out over in
the US and the future of Aucus. So I think
if it was up to him, we'd basically be Switzerland
of the South Pacific and we'd be friends with everybody.

Speaker 2 (20:39):
Well that's another way where some in this country would
like us to go. Had Quantas a couple of quite
a few key wh's actually got caught up in this
data hack. What's the latest there, Yeah, so did I.

Speaker 13 (20:49):
I think they pretty much have all of the details now,
so I've got to watch every email and phone call
that comes in. But Qantas has gone to courts, and
the reason they have gone to court is they are
now trying to haining an interim injunction in the Supreme
Courts to protect people who've been caught up in the breach.
So the ideas of putting in this injunction would mean
if the hackers were to release any of our data

(21:11):
ryan that they could then be held criminally responsible. I
mean they should be anyway, right they pinched our data.
But this is just going through the legal processes. They're
supposedly negotiating off air at the moment with the hackers
about trying to recover that data. Whether or not that
will be released somewhere on the dark web, and whether
or not it's probably already been released somewhere on the
dark web, we don't know.

Speaker 2 (21:30):
At this stage. Only thank you for that. Oli Peterson
six pur Perth Life presented nineteen away from five ran Bridge.
Hard to swallow this number. Four point six percent. That's
your food price inflation for the year, and the uppers
moving up the list and fresh as tomatoes, capskins and broccoli.
You might have noticed that. And for your grocery, boxed
chocolates and eggs are on the up, deary. We know

(21:53):
about the average milk price four dollars fifty seven for
two liters, that's up fourteen percent. Scent butter eight dollars
sixty per five hundred grands, that's up almost fifty percent.
Cheese thirteen dollars for a kilo block. That's up thirty
percent for the year. I mean you know this, you
go shopping, so you understand it. The problem is does

(22:16):
this push general inflation higher? And asb says, yes, it
will help to do that. Possibly they reckon above three percent,
which gets you outside the reserve banks band. And then
you go, well, hang on a minute, when we're hoping
what we're expecting a cut to the OCR in August
next month, So is you know your expensive butter and

(22:37):
broccoli going to mean that we endure more expensive mortgages
for longer at higher rates for longer. That doesn't seem
very fair. We'll look at that after five very Soper next.

Speaker 1 (22:48):
Politics with centrics credit, check your customers and get payments.

Speaker 2 (22:51):
Thirtaty sixteen away from five on news Talks said, but
I'll tell you what new Plymouth council has had absolute
balls up. I'll tell you the detail. It's about GST
and rates. I'll tell the details.

Speaker 14 (23:00):
Isn't every council in the country.

Speaker 2 (23:02):
Right, Barry? This is so yet? This is so bad, Barry,
you won't believe the story. Hey, what's happening in parliament?
Today's citizens arrest plans in the spotlight.

Speaker 14 (23:12):
Well, yes, you know this is this comes out of
Sunny Kershel's ministerial committee set up. But we still know
clearer on when this is going to be introduced. That
we're told legislation will see it this year. But the
most trenchant criticism of it came in Parliament today by

(23:34):
the Mali parties Takatu Ferris, who says the law will
affect the Maori and Pacific Island community unfairly. You haven't
listened to his reasoning and the view of ax Nicole McKee,
who was standing in for the Justice Minister.

Speaker 13 (23:49):
What assessment, if any, has he made of the racial
buyers already present in.

Speaker 15 (23:53):
Public perception of suspicious.

Speaker 16 (23:55):
Behavior and how these new powers might embolden profiling and
vigilanteism against Mary and PACIFICA.

Speaker 8 (24:04):
This is not about race. This is about crime.

Speaker 17 (24:08):
This government does not mind what color, creed or racer
person is. It's about the crime that's been committed and
sending a message we have had enough of people taking
trolleys of food and taking and stealing from the good,
hard working citizens of New Zealand.

Speaker 14 (24:27):
Yeah, well you know it's an easy for mister Ferris
if he wants to persuade Mary and Pacifica not to
take trolleys of food if they are the people that
are doing it more frequently. That's what he suggested in
his question.

Speaker 2 (24:40):
I'd suggest, okay, what about councils. They're getting a bit
of a bollocking from the government at the moment, but
also told to just tie ho on the RMA.

Speaker 14 (24:49):
Yeah, I reckon councils must feel a bit like Sonny
Bill Williams did after is a boxing about last night,
a bit punch drunk. They're told to keep their rates
under con Now they say they're being blindsided by the
government's call their meeting the local governments in New Zealander's
meeting in christ Church today. A lot of political imput

(25:11):
at that meeting. Now the government's calling for a halt
on planning work until the RMA changes. That will be
two bills later this year, coming well before they're known
exactly how they're going to effect what the plans are
that councils might be thinking about now. So it's a

(25:31):
bit difficult. So the government's saying everything should go in
abeyance at the moment, and how on earth a council
is meant to try and plan in the face of
that is difficult to see. The government of the Government
is currently consulting, they say, over the reforms. The results

(25:52):
of the consultation will be introduced to Parliament later this year.
And of course the rama that large doorstop document that
was originally written by our dear friend, Sir Jeffrey Palmer. Yeah,
in fact, that'll be reduced down down to two bills.
Let's hope they're less than the tens of hundreds of

(26:15):
pages they are at the moment in hope.

Speaker 2 (26:16):
So, hey, what David Seymour got himself? Well, when we
say he's in hot water, it's obviously there's a particular
sector of the community that doesn't like him. But what's
he done this time?

Speaker 14 (26:25):
Well, again, he was at the local government conference and
he made what many have described was a colorful speech
and in fact he had written this speech and was
put out for all of us to read. But if
you read the speek in this speech and listen to
what he said, one didn't resemble the other because he
obviously threw his speech notes away before he got to

(26:47):
the local government council. But the meeting he called on
councils to Ditcher what he described as puppy dogs and
ice cream their approach to focus. They should instead focus
on fixing pipes, roads and rubbish.

Speaker 2 (27:03):
And you know, I think.

Speaker 14 (27:04):
He's got a fair point. But where he really upset
a few feathers was when he said the karakia, which
is part of some resource consents that have to be
carried out. He said that is fluff and it shouldn't
take place. And of course he is speaking. He always
claims as a moldy in these circumstances. But look, he

(27:27):
had a somewhat lighthearted way of telling journalists what's behind
us thinking when it came to the kurake.

Speaker 18 (27:34):
I don't expect a priest to show up every time
I break wind. Sorry, I don't expect a priest to
show up every time I break ground on a new building.
And I don't think that you need a comato or
to come and say a karakia either.

Speaker 14 (27:48):
So you know, I mean, of course he's got He
knew he would upset people by saying that, but nevertheless,
it is part of the resource consent. And I would
imagine that when we see the new Resource Management Act,
maybe these sorts of things will be swept aside.

Speaker 2 (28:05):
Explicitly excluded maybe, well, yes, I would think so, because otherwise, Yeah,
it's interesting, isn't it. But I can understand if there's
like a really significant piece of land, you know, if
there's if there's if it's considered tapu or something like that.
But if you're doing and having to pay it to
get in the cutter care performed, and then you're going
to have to get the feed for the whole crew,

(28:26):
because that's what happens when you know you have a
big work crew coming for a traffic light installation. Do
you know what I mean?

Speaker 19 (28:33):
You've seen it happen for that sort exactly.

Speaker 2 (28:36):
So I think there is some there is a bit
of truth.

Speaker 19 (28:38):
In the in the complaint about it, Yeah, particularly when
the law sees the way it should happen. And you know,
the cultural aspect is very important when it comes to
the resource management. Yes, but it's got to be REASONA.

Speaker 2 (28:52):
Got to be in line. Yeah, all right, Verry, thank
you very much for that. Very so for senior political
correspondent here at News Talks. There'll be ten away from
five actually just before we go to just while I've
got you. This is from the Taxpayers Union via Audrey
Young actually who's mentioned in her Inside Politics column this week.
The council rates. This is the league table. This is

(29:13):
the worst offenders. And they've looked at the cumulative increase
in rates over the last three years and named and
shamed the worst offenders. So there's a top ten list.
The average increase over the three years was thirty four
point five percent. That's a lot over that period. Inflation
was thirteen point seven. West Coast Regional Council sixty five percent,

(29:34):
Greater Wellington of course fifty four percent. Of course, Tatanaki
Regional Council fifty one percent, Queenstown Lakes fifty percent.

Speaker 14 (29:41):
I mean, oh, Wayne Brown will be quite happy about that.
But just getting back to what you mentioned earlier, the
loal bang and Wellington being heard all.

Speaker 19 (29:49):
Over the place.

Speaker 14 (29:50):
I'm worried about the poor people that were in the
bloody hospital when the bang went off.

Speaker 2 (29:54):
Well true, you know, having another heart precisely. Thanks Parry five,
you're on news talks HEVB. I'll give you the update
on New Plymouth District Council next. As a doozy.

Speaker 1 (30:07):
Digging into the issues that affect you the mic casking breakfast.

Speaker 13 (30:11):
I know that boys need a single classroom to concentrate, right,
They really need to be able to not be distracted.

Speaker 5 (30:18):
What about girls?

Speaker 16 (30:21):
I think probably there is a difference, a slight difference,
but a difference between the way that.

Speaker 2 (30:25):
Boys and who would have thought that silence promotes concentrating?

Speaker 20 (30:30):
Hang on when I was in Space five at Fenleton
Primary in the seventies when Robert Muldoon was Prime Minister. Yes,
whose fault was that?

Speaker 1 (30:42):
Heather Duplessy Allen on the Mic Hosking Breakfast Fact tomorrow
at six am with the land Rover Discovery on News
Talks DEADB.

Speaker 2 (30:49):
Five to five on News Talks hereb the bad date.
The office award goes to New Plymouth District Council today
by far and away. So we've had the results of
an independent review and to the council's rates and how
they've said it and how they've calculated it, and they
are very sorry. This is both the mayor has apologized
for this, but also the chief Executive apologized for this.

(31:11):
Marked up the rates bill basically to going to cost
you if you're a ratepayer in New Plymouth one hundred
and two dollars extra this year, or the council has
to find three million dollars in savings this year. This
is what the reviews highlighted. The Post reports that Mayor
Holden has cut short his local Government New Zealand conference

(31:32):
in christ Church. He's flown back in a hurry to
New Plymouth to front the issue. This is following the
release of the review. The mistake, described in a brief
council media release as a typo saw its annual plan
adopted in May under the acceptance that the rate charges
were GST inclusive. Turns out actually after the auditors had
a look, they weren't, so that was cocked up, but

(31:55):
also the land value assumptions were wrong. Anyway. The net
result of this is an average rate increase now of
twelve point eight percent, not the nine point nine percent
figure that Council had based its decision on. Can you
imagine how do you feel New Plymouth? I just feel
absolutely riled up. Special meeting. If you are that riled up,

(32:20):
you can go along to this on Tuesday. Are an
extraordinary meeting and they will decide basically, do we increase
the rates for every single rate pay in the district
or do we cut our own cloth by a further
three million dollars. I be down there with my billboard.
Will you three away from five News Talks ZB after

(32:40):
five we'll look at the cost of food what it
could do to our mortgages. Here on NEWSTALKSB.

Speaker 8 (32:48):
SUSI Savage punk home fifty five years down.

Speaker 1 (33:17):
Questions, answers, facts, analysis, the drive show you trust for
the full picture. Brian Bridge on Heather dupic Allen Drive
with one New Zealand, let's get connected.

Speaker 2 (33:29):
News TALKSB Good negative seven after five News Talks EDB.
So you've heard the story. Food prices there, you've done
the shops. You know at four point six percent in
the year to June, dairy meat leading the way. This
is statsne Z data out today. Butter up almost fifty
forty six percent, a lamb leg roast up thirty seven percent.
The question is what does this do to the overall

(33:50):
level of inflation? Will it soon how much you're spending
at the supermarket potentially affect how much was spending on
our mortgages. Brad Olson, Infametric's principal economist with US tonight, Hey,
Brad Good, evening. So does this risk pushing up overall CPI?

Speaker 15 (34:06):
It does is a short answer, We are worried that
when we see the numbers on Monday for headline inflation
for the quarter ending June, that there will be more
pressure in there. Most market picks are somewhere between sort
of two point six and two point nine percent per anum.
Of course, that would be a further reacceleration off the
two point five percent figure that we had at the

(34:27):
start of the year. For the Reserve Bank, that won't
be useful and helpful news for them. But at the
same time, I think we've signaled themselves looking through some
of the numbers that they anticipate. They expect that there
will be some of that near term volatility. They're hopeful
that it's not persistent, that it is more temporary, and
therefore they should still be able to marginally reduce interest

(34:50):
rates through the rest of this year a little bit.
But I think importantly, if you're sitting out there and
you're looking at some of these numbers, it does make
you uncomfortable, right whether or not you're a household or
a decision maker. We're in this position where you're seeing
a bit more of that intense pricing pressure, but you're
still seeing the weaker general economic tone normally those two
things are the opposite.

Speaker 2 (35:08):
Of what you'd see exactly. It's felt a little bit
freaky seeing the number today and knowing that we're hoping
and praying for another OC well of those with mortgages
for another OCA cut next month. What about wage growth,
because the government obviously talks a lot about wage growth
keeping ahead of inflation. If we are going to see
inflation go up, is it still going to be ahead
of well, wages till be ahead of it, you'd still

(35:32):
be expecting that wages would be growing ahead of inflation.
The challenge, of course, for the moment is that wages
are only growing if you've got a wage to grow,
if you're one of the five point one percent of
people that are currently unemployed. We saw more benefit numbers
today showing further increases in those who are out of
work and needing government support. You know, that's a pretty

(35:53):
tough environment at a time when it's across the board
these increases that I think that that are a real challenge.
It's not just you know, some of you are more
expensive items.

Speaker 15 (36:01):
I mean, butter, yes, it's expensive, but let's be quite clear,
it's not the thing that you know, households are eating
a whole block of every day. The worry for me
actually looking through some of these numbers is it's the
other basis. It's the fact that mince prices are now
hitting nearly twenty two dollars a kilo. You know, you
can't even have a cheap mince meal anymore at a
cheap price. It's the fact that energy costs are increasing.

(36:23):
Electricity costs now are increasing ten percent over the last year.
That's the fastest pace for our energy and electricity gains
that we've seen in over a decade. So it's the
worry that, look, if you're already in that tough position,
things are not getting any easier, and of course for
the Reserve Bank they are a bit more nervous about
those pricing pressures. So we're still in a tough position,

(36:43):
and I don't think we'll get out of it massively quickly.
Better signs on the horizon, but it's still tough out
there for the minute.

Speaker 2 (36:49):
All right, interesting, Brad, Thank you, Brad Olsen Infan metric
principal economists. It's ten up to five Ryan Bread. So
it turns out if the next story is to be believed,
and that is a question mark. But not only we
pay more for our food, but it could potentially be
making us quite sick. People getting sick they reckon from
fresh chicken responsible for six hundred thousand illnesses since two
thousand and eight. This is analysis from public health experts

(37:11):
led by Michael Baker. They estimate that Caampbella bacter has
caused nine thousand hospitalizations and at least sixty deaths since
two thousand and eight. Now they want warning labels on
chicken in the shops if you can believe it, limits
on allowable levels of Campbeller bacter on fresh chicken for sale,
which means some of it might have to be frozen.

(37:32):
But New Zealand Food Safety has called the paper unnecessarily alarmist.
Vincent Arbuckle's the deputy director general and is with me now, hello, hello,
why is this alarmist?

Speaker 21 (37:44):
Look, there's aspects of the report that you know, we
feel not based on fact. I mean the example which
we most concerned about is the claim of an excess
of sixty deaths over that report period. The reality is
that that the numbers of reported death due to campler

(38:06):
bacteriosis from two thousand and seven to two twenty twenty
four is three. So that's three cases where the principal
cause of fatality was due to that infection.

Speaker 2 (38:21):
Were like, sorry, is like the COVID thing where it
was due to or died with.

Speaker 21 (38:27):
Yeah, I think you're absolutely right, and you know you
can you can look at stats in different ways. But
they reported every time there's a death the physician that
the clinician has to determine the primary cause and that
goes on record, and the primary cause has been only
three cases. There's been other cases where there have been

(38:50):
primary cause and associated causes, but the only three cases
that that doesn't take away from the importance of focusing
on on campler, bactor and poultry. So we know, we
don't disagree that.

Speaker 2 (39:04):
Okay, yeah, so you agree it's important, but we need
to be making sure we're talking facts, right, So why
do you think they're doing it?

Speaker 21 (39:12):
I don't know. Look, look, I mean we tried to
engage in the last couple of weeks and respect researchers,
and I'd rather focus on working together where we can.

Speaker 2 (39:23):
What did they say when you're the problem? What did
they say when you tried to engage with them?

Speaker 7 (39:29):
Well?

Speaker 21 (39:29):
I think they you know, that variably. I've got to
respect their views and you know that they are interpretation
as an interpretation of a series of facts. We rely
on the published notified data. That's our north star. So
the notified reported cases as the best indicator of the

(39:53):
prevalence of the infections in consumers. That has been from
about twenty twenty twenty six to twenty twenty by half.
And then we had a target across the health authorities
with the industry and ourselves to drive it down by
a further twenty percent from twenty to twenty twenty to

(40:15):
twenty twenty four. And we achieve that we're not there yet.
There's more that needs to be done. We are singlely
focused on containing and controlling this problem. It is the
number one food borne illness in New Zealand.

Speaker 2 (40:32):
Do we need the labels that they are suggesting?

Speaker 21 (40:35):
Yeah, look at label's interesting, isn't it. As far as
we can work out, there's only one country in the
world that does do a label like is suggested. We
serve a consumers regularly about their understanding of the risks
of poultry and we know there's a very high level
of awareness. The only one area that possibly consumers don't

(40:55):
know that sort of splits on as where they wash
the chicken.

Speaker 22 (41:00):
We before we.

Speaker 21 (41:01):
Introduce yet another control and therefore put a cost on
industry and potentially on consumers, we need to be sure
that that intervention will have a proportionate, will better response,
you know, like what's the return on investment. We're not
convinced at the moment that labeling a chicken is going
to make a substantial difference to the awareness of the public.

(41:22):
We believe most consumers understand the risk, take good steps
to you know, make sure they cook their chicken and
handle it with care. We don't really think labeling and
make much difference.

Speaker 2 (41:32):
Okay, Vincent, thank you. Vincent Arbuckle with the New Zealand
Food Safety. It's quarter past five, Ryan Bred, You're on
news TALKB. This report of the text are coming at
thick and fast. As you can imagine if David and Denedden,
says Ryan, doctor Michael Baker alarmist, no way, he'd never
try and frighten us needlessly. The recommendations that they made.
One was that you have to have mandatory labels on
all the food, and another is that you would have

(41:54):
to potentially divert food that is hi in Kempeller back
to to safer forms like pre cooking or frozen. And
the other thing they want is a re establishing an
independent food safety regulator because they clearly don't think that
the guy we just spoke to, Vincent is independent New
Zealand food Safety part of MPI. They, I'm assuming think

(42:16):
maybe in the hand of industry too much something like that.
Is it that or do they just want more jobs
for more researchers.

Speaker 5 (42:22):
I don't know.

Speaker 2 (42:23):
Sixteen after five, you're on news Talks HEB. We'll get
to the AB's assistant coach, Jason Holland next News TALKSB
eighten minutes after five, Ice House Ventures has a fund,
big fund that is going to invest in new startups.
So what makes a good entrepreneur? Because if you think
about it, if you're a new entrepreneur like Halter and
you don't have experience in building a business previously, how

(42:44):
do they know that you're any good, that your ideas
are any good? And what proportion of it comes down
to the individual versus the idea. We'll talk to them
about it after six Right now, Saturday, the final test
the AB's v. France ten changes to the lineup to
the starting fifteen ahead of the game. Boden Barrett is
out with a hand injury. Damien McKenzie is in at

(43:04):
number ten. Pressure's off somewhat because we've already won games
one and two. Jason Holland is the assistant coach of
the Abs with me now, Hi, Jason.

Speaker 16 (43:12):
Hey you right here?

Speaker 5 (43:13):
You got yeah?

Speaker 2 (43:14):
Good, thank you? A few changes for you guys.

Speaker 16 (43:17):
Yeah, yeah, it's exciting. Been quite a few boys who
have been getting all over our game and training with
us for four or five weeks now and nag get
the opportunity to put it out on the park. So
you know, it's exciting, and I know a lot of
them are trumping at the bit to get into it.

Speaker 2 (43:32):
What's the strategy do you weigh up giving people game
time versus, you know, not underplaying your hand against the French.

Speaker 16 (43:41):
Look, I suppose we don't. There's been some unreal competition
over the last four or five weeks and makes our boys.
You know, you look at some of the guys who
are coming in and some are returning from injury. You know,
some seasoned guys like an Anton, Lenut Brown and Quinta
Pyre and those sorts of boys. We've got lots of experience,
so look at the matter of guys getting it upportunity
and we see this pretty good competition. Not much between

(44:03):
a lot of our players, as they shouldn't be in
an all black side, so you expecting the performance to keep
the keep on up for trajectory.

Speaker 2 (44:11):
How bad is Bowden's injury?

Speaker 16 (44:15):
Yeah, a little bit nigglly really my thing. It's just
a we're always sort of it's swallowing up a little
bit and it's probably something that we're just going to
make sure that it's he's right for a couple of
weeks time in Argentina, so it wasn't worth a risk.

Speaker 2 (44:28):
This week, So he'll be back like it's not that
it's not serious. Heius, he'll be back in time for Argentina.

Speaker 16 (44:33):
Yeah, we're expecting him to be on the plane and
available for Test one in Argentina.

Speaker 2 (44:37):
Us is you breaking all your barretts Jason.

Speaker 16 (44:42):
To break a dorret too, right? It just we're just
better put Jordia.

Speaker 3 (44:45):
And Gotton rule.

Speaker 2 (44:47):
A lot of cheats in the side too. Is this
tactical reasons or is this for the Hamilton crowd?

Speaker 16 (44:54):
Oh, it's a little bit of a little bit of
getting the boys games on their home ground. But it's
a little bit the way it's panned out, as I
said with Albi, with Antoninnett, Brown and guys like that
coming back. But mate, give it added added often to
what we're doing. And you know, all those boys don't
want to let the Hamilton crowd it down. But the
other boys are excited to get a performance here for

(45:17):
the rest of us.

Speaker 2 (45:18):
And what about Fabian Holland. This is his third start
for the All Blacks against the French. He must be
pretty happy with that. But you're obviously seeing good things.

Speaker 16 (45:28):
Yeah, look, we're he's doing everything we've sort of expected
him to do after watching him through the last couple
of years of super and he's just sladdling nicely and
we'll just encourage him to do his job and be
here he is, and maybe he's done everything we've asked
of him and more so. Yeah, he deserves a spot
and yeah, three starts straight up, straight up against the

(45:48):
French is a great way to start a career.

Speaker 2 (45:51):
Zooming out for a second, Jason, you must be feeling
quite happy with how things are going this season, with
how the team's performing with the develop. You know, everyone's
getting a chance to have a to have a run
on the field, to have a bite of the cherry.
You must be happy with where things are going.

Speaker 16 (46:09):
Yeah, Look, as coaches, you're obviously you worry about performance
and that will bring the outcome. And we feel like
we're improving from Test one to test too. Still, you
know there's a lot of things when we reviewed last
week where we definitely need to be better and keep
getting better. So yeah, I suppose the answers. We're happy
with our improvement from week one to two, but really

(46:30):
sure that you know, there's a lot more at a
lot of areas we can find tune and me better.
So that's the focus going forward for this week and
going forward.

Speaker 2 (46:38):
What's the main thing you're wanting to fix.

Speaker 16 (46:42):
Well, there's a couple of things around our around our
kick game. We want to be better in the air.
We want to get more more ball back. You know,
we know the French kick a lot. That's what they're
based of. Either attack around is getting balls back off
kicks and we want to kick that away from them.
And also if we're going.

Speaker 3 (46:58):
To kick contestable kicks, we want to kick them back.

Speaker 16 (47:00):
So that's been a big focus and in just our
finish really making sure if we create opportunities that we're
pretty ruthless around putting things away and scoring tries from
from our line breaks. So there are a couple of
things that have been bigger than in our chats this week.

Speaker 2 (47:15):
Kicking, catching and finishing. I look forward to the game
on the weekend. Jason, thank you beautiful, thanks for your time.
It's Jason Holland, All Black assistant coach with US tonight
twenty three minutes after five here on news Talks. They'd
be coming up next this fascinating world first trial which
basically means there have been eight healthy babies born too

(47:39):
three parents. I know, sounds weird. I'll explain it next.

Speaker 1 (47:44):
Informed inside into today's issues. It's Ryan Bridge on Hither
duples Elan Drive with one New Zealand.

Speaker 5 (47:51):
Let's get connected news talks.

Speaker 2 (47:53):
They'd be five twenty six on news Talks. There'd be
I want to tell you about this world first trial
which is just fascinating. The headline is eye catching. Three parents,
one child not quite the truth, but we'll get to
that in a second. So they take DNA from three people.
This is all through IVF and eight healthy babies have

(48:15):
been born to DNA from three people rather than your
standard two parents. This is in the UK using new
IVF techniques that successfully reduce the risk of inheriting genetic
diseases from the mothers. The hope is that one day
you will have women who've got mutations in their mitochondrial DNA,

(48:38):
they will be able to have children without passing on
some of the diseases like, for example, impaired vision, diabetes,
muscle wasting, a whole bunch of stuff. So they've done
a trial. They use a small amount of healthy DNA
from an egg donor along with so you basically got
your mother's egg and your father's sperm and they take

(49:01):
a tiny little bit of a woman's egg and put
that into the process. So technically not true to say
there's three parents. They reckon it's roughly zero point one
percent of DNA from the donor, So you've got mum
dad plus zero point one percent of a female donor's

(49:21):
DNA producing eight healthy babies who would otherwise they think,
have been born with diseases. So the question is if
you can use gene technology to improve the health outcomes,
if you can use science to reduce disease. Should you.

(49:42):
I don't know the answer to that because I don't
have any children, but it's a very complicated one. I
don't know. If I was going to pass on a
disease to my kid, then yeah, I probably would do it.
I suppose Why wouldn't you? Twenty eight after five NEWSTALKSB.

Speaker 1 (50:09):
On the iHeart app and in your car on your
drive home, it's Ryan Bridge on Heather Duplice allan drive
with one New Zealand.

Speaker 9 (50:17):
Let's get connected news talks. That'd be.

Speaker 2 (50:28):
Pretty far away from six news talks. We'll get to
huddle in just a second. Garethuse former Green MP and
Liam Here political commentator with us in just a few
seconds on the issue of gene editing of before a
child is born. We just spoke about this world leading trial.
What's happened in the UK. Lots of people kind of
split on this one. Ryan, why can't we just accept

(50:51):
the way that we are with flaws and all science
is going nuts? But another here says Huntington's disease would
be awesome to not have it's genetic disorder that this
listener has inherited, and that's the that's the crux of it,
isn't it You want to You want to say, yeah,
let's let everyone be born the way that they would
be born. But then at the same time, if you

(51:13):
are born with one of these diseases and you could
go back in time, you probably would you'd want to
twenty three away from six now, Ryan Bridge, the Obamas
just a quick update on their marriage, because everyone's worried
about them, and they've addressed this on persistent rumors about
them being divorced. They've addressed it on Michelle's Brothers podcast

(51:35):
called IMO. They got straight to the divorce rumor.

Speaker 5 (51:39):
This is the episode that everyone's been waiting for.

Speaker 23 (51:44):
Barack Obama, can you can you join us?

Speaker 5 (51:48):
I look at you.

Speaker 2 (51:53):
Wait?

Speaker 8 (51:53):
You guys like each other? Oh yeah, really, that's.

Speaker 2 (52:00):
It's so nice to have you both in the same room.

Speaker 24 (52:03):
I know, because when we aren't, folks think we're divorced.

Speaker 2 (52:07):
Though they really do. They say, there's nothing to this.

Speaker 24 (52:11):
There hasn't been one moment in our marriage where I
thought about Quentin my man. And we've had some really
hard times, so we had to have had a lot
of fun times, a lot of adventures, and I have
become a better person because of the man I'm married
to Okay.

Speaker 2 (52:31):
Don't make me cry now at the beginning of don't
let me start tearing up now. Yeah, apparently nothing to
the rumors at all. Twenty two away from six now
ordering a tammodiki here in New Zealand gearing up for
another round of the boot camps for youth offenders next year.
But might be difficult for us to tell how well

(52:52):
they're actually working, they say they are not published details
of how many participants are reoffending after they complete the program.
There have been allegations that at the last three of
the young people, the last three of the young people
who've already gone to boot camp, committed serious crimes since
the program began. So how we know the measure of

(53:12):
success is the question. Tamoth Paul is the Green Party
spokesperson for youth and joins me tonight. Hi, Tamatha Kotter Ryan,
how's it going? Yeah? Good, thank you? So do you
think they should The boot camps are happening, right, but
should we know whether the kids are reoffending?

Speaker 23 (53:29):
Well, that is one of the measures of success for
the pilot, So I think it's really important that we
do know. But at the same time, the pilot's a
little bit useless because they've already started getting the legislation through,
so it's not actually going to inform what ends up
being the boot camps.

Speaker 2 (53:43):
Why do you think that they bording at Tamadiki wants
to not publicize the data.

Speaker 23 (53:49):
Because the pilot has been in utter failure and they
know it. And when in the beginning, their measures of
success were the rates of reoffending. And now that they've
realized that chucking half million dollars at each child and
putting them into the boot camp and expecting them that
to work and not working is not good enough, And
so they've shifted the goalpost now and say, oh no, no,

(54:11):
we're not focusing on that. We've actually made it now
that it's a success depending on how much time they
spend in community before they reoffend. I don't think that's
what any people that voted for this government expected around
the boot camps.

Speaker 2 (54:25):
No, so you agree reoffending's bad, offending's bad.

Speaker 23 (54:30):
Well, it's basically the fact that if this pilot in
these boot camps are about helping young people to stop
offending and turn their lives around, then this completely fails
and it's because they ignored the evidence and they ignored
the history in this country of failed boot camp experiments
from the seventies to the last national government.

Speaker 2 (54:48):
Because offending's bad and reoffending's bad. Do you agree with that?

Speaker 23 (54:53):
Well, if that is the measure of success for the
boot camp and they have not met that, yeah, absolutely.

Speaker 2 (55:00):
You agree that young people offending or reoffending is a
bad thing.

Speaker 5 (55:05):
Yeah.

Speaker 23 (55:06):
I want young people to have the best lives that
they can and not have to resort to committing crime,
which means giving them good education, good housing, and good
access to opportunities in their lives, good jobs, trades, all
of those things.

Speaker 2 (55:19):
Okay, So what do you think led to the spike
because it went up twenty three percent under the last government.
What led to the spike in serious persistent young offending.

Speaker 23 (55:31):
There are some pretty clear links between the lockdowns and
youth offending that have been made and I believe Jenny Anderson,
as the Minister of Police made this connection at the
time as well, because, and this relates to the boot camps.
When you take young people out of their communities, take
away their access to their schooling, their churches, their sports teams,

(55:55):
their community groups and all other elements of their lives.
And when you put them into situations where they're stuck
in families where they might be violence or abuse or
whatever going on, then that will lead to offending. So
that actually kind of matches the rationale that we've been
saying in opposition to camps.

Speaker 2 (56:13):
Isn't it good to get them out of the home
then into a camp, so they'd.

Speaker 23 (56:19):
That countries that do better in terms of reducing youth
re offending have far less secure bids in their countries
than we do here. We have a really high rate
basically of youth justice residences and beds, and it's pretty
well founded across research and practice that when you take

(56:41):
young people out of their communities and put them into
these residences, it's far less effective than keeping them in
their communities and providing them with the services that they need.
And honestly, it's quite simple. It's just like job opportunities,
education opportunities, mental health care, all of that stuff.

Speaker 2 (56:58):
TEMP appreciate you coming on the program. Night tiententh Paul Green,
spokesperson for Youth It is seventeen away from six.

Speaker 1 (57:04):
The Huddle with New Zealand Southeby's International Realty unique homes
uniquely for you.

Speaker 2 (57:10):
Joining huddle tonight Gareth, who's former Green MP, Hi Gareth,
Good to have you on the show, And joining us
is Liam Here, lawyer and political commentator. Hey Liam both.
So what do we make of that? Liam?

Speaker 3 (57:25):
It was you were really talking at cross purposes and
it's interesting.

Speaker 1 (57:30):
Right.

Speaker 3 (57:31):
Look, here's my view, My sort of contrary and take
is that you don't have to be aft on a
crime to be skeptical of boot camps. And you know,
I think we should have the numbers because I suspect
the lovers do point to a failure and that family
doesn't mean that we need to be soft on a crime,
but it does mean that we probably need to recognize
that right wing social engineering works no better than left

(57:52):
wing social social lidiineering does. And you know this idea
that you can you can fix people, the defective widgets
that can be molded back into being useful members of society.
Who does one neat trick that they're just wrong? It's
done right wing populism and it's never worked. So I
don't need to be cynical. I believe that crime should

(58:14):
be followed by punishment, but I don't think there's any
real reason to have any confidence in this particular measure,
and the fact that we don't know the numbers and
then aren't going to be given to us sort of
reinforces that skepticism.

Speaker 2 (58:25):
I'm skeptical about not having numbers too, as skeptical as
the next guy. Gareth. Is this about rehabilitating kids or
is this a let's get them off the street because
I'm sick of them stealing my stuff.

Speaker 22 (58:38):
Could be a little bit of both, And you know,
this is part of the danger when you sort of
come up with a good idea and opposition that looks
good on a press release and a media launch, but
you've got to follow through. And the government really looks
like in this case, and I agree with Liam on
this point, didn't work last time, doesn't look like it's
working this time from the scant evidence we do have,
So it looks like this is just management of political

(58:58):
optics and hiding it away. The government's coming up with
legislation to bring this in to have even longer periods
of time for these use to be in there. It's
pretty hard to go to the effectiveness if it's not
going to release the data. Pretty hard to get long
term consensu and buying across the political aisle if you're
not even going to share the data. So yeah, it
doesn't look good for the government. But the fact of

(59:19):
the matter is we don't want to see use offending
full stop, and we definitely don't want to see youse
reoffending full stop.

Speaker 2 (59:24):
No, well, I'm glad to have with the Paul funding.
Got to that too. GARETHEUS and LIMB here on the
huddle back in a second.

Speaker 1 (59:30):
The huddle with New Zealand Southeby's International Realty the ones
for unmassed results.

Speaker 2 (59:36):
On the huddle tonight. GARETHEUS and LIMB here? Guys. This
campbell A bactor story out today. So it's Michael Baker
and some other scientists warning which our food regulator is
called an alarmist paper, but warning that you'll get campbell
A bacta from chicken in your kitchen, and we need
food labeling to stop this from spreading further. Liam, I'm

(59:58):
just not sure I know that chicken and you know
you can get sick from chicken. Who like, who doesn't
know that?

Speaker 3 (01:00:04):
I mean, we did draw the line in terms of
having to label things and what warnings on things where
we used to have an expectation that that sort of
common sense knowledge, you know, so it gets transmitted from
one generation to the next. I used to work in
a supermarket and when I was at UNI, and I remember,
no one had to be told that when you were
packing a check in, we had to pack it separate

(01:00:24):
from everything else. It was just something that we picked
up or we learned from our parents. And you know,
so for me it's like, oh, yeah, okay, I guess
so here's another warning label. But why are we so
bad at transmitting this information? I mean, Garreth, you used
to work for Looking Burgers, so you know presumably you
knew that too, right, we don't have to be told
you don't put me.

Speaker 22 (01:00:42):
We're in a supermarket too, And I did you know
the safety courses and you learn all about that stuff.
I mean, it's pretty surprising. I mean, what this study
shows is since two thousand and eight, when apparently we
had the highest templer back to rate in the world
at the time, but since then board and some regulation,
we've had nine thousand hospitalizations see thousand deaths costing one
point four billion dollars. So for me, it's a bit

(01:01:04):
of a wake up call. I didn't realize it was
such a massive problem.

Speaker 2 (01:01:07):
This is the thing. Though we had the food in
New Zealand Food Safety on tonight. It actually it's it's
you know, Michael Baker at EL said sixty deaths. They say,
actually it was only three deaths, but people who died
of compeller vector as opposed to just with compeller vector.

Speaker 3 (01:01:25):
Oh no, like COVID exactly exactly.

Speaker 2 (01:01:30):
How do we trust? I don't know, but I think
the point is, you know, everybody knows putting a label
on chicken is not going to tell us anything we
don't already know.

Speaker 16 (01:01:38):
You know that, I understand.

Speaker 22 (01:01:40):
They're also recommending we introduce limits on the safe allowable
levels of campla vector on fresh chicken. Look, I'm sure
most people cook chicken. Well, I don't need chicken myself,
so it's not a problem for me. But I've got
chickens in the coups, so I need to make sure
I'm cleaning it out more frequently.

Speaker 3 (01:01:57):
We don't know want then, like it's not just eating though,
it's how you saw it and pack it, and you
know what you and I don't know. Like I just
I've always felt that that's the hype of thing that
parents meant to transmit to their children organically, and for
some reason we just don't do that anymore.

Speaker 2 (01:02:13):
Gareth, what are you having for dinner tonight? Are you vegan?

Speaker 22 (01:02:17):
I'm not vegan. I'm vegetarian and my daughter's making enchiladas,
who's fourteen year old was in the kitchen.

Speaker 2 (01:02:23):
Oh fantastic. No, So won't be putting chicken in your
enchiladas tonight.

Speaker 22 (01:02:27):
No, none for me. But I think people are probably
going to be moorried next time they go to the
bakery and bite them to a chicken sandwich.

Speaker 2 (01:02:33):
Hey, the idea of a rates cap for counsels, Liam,
Should we also cap taxes from government while we're at it.

Speaker 3 (01:02:43):
Yeah, look, I'd love it as a provisional taxpayer, I'd
love that. But it's different. It's fundamentally different, And I
don't think you should just beat up on local government
and they get a lot of stuff that they have
to do, and they're going to work from the quite
tight limits already. But Parliament is.

Speaker 16 (01:02:58):
Sovereign, right.

Speaker 3 (01:02:58):
Parliament is the sovereign body that's every ud of the country.
It's got unlimited power, whereas counsel is delegated from from below.
So I think I think Parliament can legitimately tell Council
to do things that it doesn't have to do itself.
I think that's that's pretty constitutionally sound.

Speaker 2 (01:03:14):
How are the other problem, of course, is Gareth, is
how do you actually make a cap work? You know,
are you talking about core services? Are you talking about
other stuff?

Speaker 22 (01:03:24):
Well, that's just right, and you could end up playing
a game of whack a mole where they just increase
the parking fines and the traffic cameras and all the
other fees and levies they put on. So it's whack
a mole. But it looks like the government doesn't have
the support of even New Zealand First and Act at
the stage to advance this policy. The problem is right,
we've got this broken funding system for local government. That's
the real elephant in the room. And look, I support

(01:03:45):
ACT in New Zealand First policies to return some GST
to the regions. I think that would be a much
more substantial solution. Then again, this is a policy that
looks good in the headline, but it's going to have
all these downstream.

Speaker 2 (01:03:56):
Problems and get central government paying some rates that might
be a nice so Ida too. Liam here and GARETHEUS
on the huddle tonight, Thanks guys. Eight minutes to six
Here on news Talks HEB.

Speaker 1 (01:04:06):
It's the Heather Duplessy Allen Drive Full Show podcast on
Ihart Radio powered by News Talks EDB.

Speaker 2 (01:04:15):
News Talks HEB. It's just gone five away from six,
and after six thirty tonight we'll get to Sam Dickey.
He's giving us a market update. Actually going to look
at reporting season over in the US, and we've got
some big banks reporting already and what is that telling
us about the health of the globe, Well, not just
the American economy, but the global economy their outlook as well.
He'll be with us after six thirty tonight. This is

(01:04:36):
from we were talking earlier about food price inflation stats
and the Z numbers out today. The positive side of
all of this, because we did all the negative, is
olive oil. Olive oil was four point six percent cheaper
than it was in June twenty twenty four, so four
point six percent cheaper for the year to June twenty
five and twenty four, the first month food stuff's has

(01:04:57):
recorded a year on year price decrease for olive oil
since January twenty twenty four, because it has. I mean,
the thing is, it has shot up quite rapidly, hasn't it.
Nineteen ninety two the number to text Ryan. We should
take warning labels off everything. This is after the chicken discussion.
We should actually take the warning labels off everything. It
will eventually raise the IQ of the population, that is

(01:05:18):
I kind of agree with that. I also think we
should take all of the safety mechanisms on our cars
away as well, because then we'll be forced to think
about what we're doing at the moment. How often, like
right now listening to this show, are you just driving
along completely in your head, not thinking about what you're doing?
And oh, there's an airbag for that, there's a stop
sign for that, there's a good way for that. I

(01:05:40):
don't actually have to do anything. That's what you're doing
right now, aren't you be honest?

Speaker 10 (01:05:45):
And I thought you might be slightly overstating the safety
benefits of airbags here rhyme, but please keep coming.

Speaker 2 (01:05:49):
Well, I mean that's how I feel when I get
in the car, totally invincible and completely ignorant about what's
going on around me. So I wouldn't mind if you
getting rid of the.

Speaker 10 (01:05:58):
Wonder If that's how Emma Watson it up in trouble.

Speaker 2 (01:06:00):
Well that's the point. Gee, that was a harsh fine,
wasn't it for her? Yeah?

Speaker 10 (01:06:06):
The nine demerits must have been stacking up outrageous.

Speaker 2 (01:06:09):
Three away from sex, you're on news Talks, he'd be
do drive safely. We'll get to Ice House Ventures on
what makes a good entrepreneur?

Speaker 8 (01:06:16):
Next, will you give me a home?

Speaker 2 (01:06:25):
We can't fix?

Speaker 25 (01:06:26):
Said, if way over facing look the past, be the
pastor is Waivers.

Speaker 1 (01:06:33):
Keeping track of where the money is flowing. The Business
Hour with Ryan Bridge and insurance and investments, Grow your wealth,
Protect your future, news talk said, be good evening.

Speaker 2 (01:06:46):
It is seven after snooze talk said, b coming up shortly.
We'll talked to Jamie McKay for a rural update. Host
of the Country. Who's on the program are Sam Dickey
on bank profits in the US. We've had some reports
come through, some reporting season reports already and to the
UK will go before seven. Keir Starmer is punishing those
labor MPs that revolted, you know, when they tried to

(01:07:08):
pull back roll back some of the welfare changes. He
is now punishing the labor MPs who went ahead and
did that. He is going to punish four of them.
At least there are a whole bunch more up to
sixty of them that revolted, but he's punishing four of them.
So end of Brady will have that before top of
the hour. Right now, The hunter's on. For New Zealand's

(01:07:28):
big new startup, ice House Ventures has opened a thirty
million dollar seed round in an attempt to fund thirty
new business ventures. Their seed funds have produced some of
New Zealand's biggest startups like Chers's and Halter, which everybody
knows about, which is the unicorn, which is very successful.
So what's the next one? And already they've got half

(01:07:50):
the cash that they've asked for. Robbie Paul is the
ice House Ventures CEO with now Hi, Robbie ran good
to be here. So what you've got half the fun
subscribed already? Is that right? Correct?

Speaker 26 (01:08:03):
Yeah, we've bolted out the gates. More than fifteen million
committed to towards our thirty million dollar target. And I
mean what's really important is reaching a first close means
we're in business and we've got cash to invest in
sort of great companies even if we do, but we're
obviously very confident that we will.

Speaker 2 (01:08:22):
The minimum is fifty k right, who is investing.

Speaker 26 (01:08:25):
Mostly wholesale investors from around New Zealand and several investors
from offshore. The minimum correct is fifty thousand. Importantly, that's
paid over a series of years, so it's not all upfront.
We invest in companies over a few years. In the
commitment and payment pattern sort of follows that.

Speaker 2 (01:08:44):
Obviously, you're looking for the next Halter. It's the Unicorn,
it's the it's the you know, it's I guess it's
the dream of any seed fund. What are you looking
for particular types of businesses to invest in this time around?

Speaker 26 (01:08:58):
You're right, I mean Halter is a remarkable company and
certainly if we can find one more of those with
this fund, then everything we'll look after itself. And to
answer your question on the areas that we're interested in,
I mean generally software, hardware and technology that can be
taken from New Zealand to the world, but not too
much more specific than that, and at the earliest stages.

(01:09:20):
And keep in mind this fund is investing in in
startups really at their inception at that point you're indexing
pretty heavily on the quality of the entrepreneurs, right, because
a company is going into a market, that market probably
shouldn't even exist at this point, right, if you're going
to be building something really valuable.

Speaker 2 (01:09:42):
So are you looking when you say quality entrepreneurs, do
you mean entrepreneurs that have already had success or do
you mean the attitude or the idea plus the attitude?
What's the formula?

Speaker 26 (01:09:56):
That's a great question. And great entrepreneurs come in all
different shapes sizes, and we've actually had a lot of success,
including with Halter and Jamie Beaton at Crimson investing in
that are for the first time. So we will certainly
to do that. In other cases, we've also been by
investing in entrepreneurs who've been around the block, built and

(01:10:18):
sold companies and are going it again. There's a medical
device company called the Inside Company that's led by an
entrepreneur named Garth Sutherland, and we had actually invested in
his first company about fifteen years ago and now he's
back doing it again. So I would say attitude to
your point is key. Ambition, intellect, honesty, drive, you know,

(01:10:42):
gravity and mag all those types of things are really important.

Speaker 2 (01:10:47):
Interesting. Robbie, thank you for being with me tonight. Robbie
Paul is the ice House Bench's chief executive. That fund
thirty million dollar fund. If you've got a good idea
I guess, and you're motivated and you're ambitious, then get
your ideas into ice House is eleven after six Ryan
Bridge Mark lay them the Labor EMP. This is the
Australian Labor MP. We were talking about former Labor leader.

(01:11:08):
Actually we were talking about the other day with our
Australia correspondent. More allegations about him coming out today from
fellow labor female MP saying that in fact, if you
went on the City Morning Herald today, which I did
about midday, it was saying there was one story saying
he's a cockroach in that he can't be killed and

(01:11:29):
is crawling around on the floor of public life for
far too long. Another saying the headline was he's a pig.
Lay them under fire for allegedly photographing women MP's The
latest allegation against him is that from his former female
colleagues is that he was taking surreptitiously taking photos of

(01:11:51):
them when they weren't awares, and subsequently these photos have
been found and now the women are speaking out. So
there you go, another great day for him. Just headlines.
You wouldn't really want to be associated with cockroach and pig.
That's Mark Latham. Ryan. This is on preparing chicken and
this idea from Michael Baker etl. That we put labels
on chicken so that you know you could get sick

(01:12:13):
from eating at raw. Do we need to label stuff?
And what about all the safety features we have on cars?
Do all of these, you know, cotton wool safety features
actually make us dumber? Ryan, I agree with you about
the cars. Nobody is using their brain anymore when they're driving.
They're just sitting there with computers, turning on lights, wipers,

(01:12:34):
et cetera. And no wonder so many people can't drive,
Kate says, I agree about the cars. There should only
be manual cars. Yeah, I don't know. That's maybe a
step too far. It's far too convenient having an automatic
car these days, isn't it. But you should know how
to use a manual. That should be compulsory. You've got

(01:12:54):
to learn in the manual. Thirteen minutes after six News
talks AB it's the.

Speaker 1 (01:12:59):
Heather Dupless, Alan drave Full show podcast on iHeartRadio empowered
by News Talk ZEBBI, The Rural Report with Him MSD
Animal Health Home of Maltine ends Ed's leading fave in
one vaccine.

Speaker 2 (01:13:13):
Quarter past six. On Newstalk zb Jamie McKay with Me
tonight hosted The Country. Hi Jamie, Good evening, Ryan. Great
to have you here as always. Now, Jim Ward, the
manager of Molesworth Station, the biggest farm in the country,
has resigned from his post. This after twenty four years
of service to the operation. What's going on here.

Speaker 27 (01:13:32):
Well, I don't know. I've got a call into him.
I'm very disappointed about this from a purely selfish point
of view, Ryan, Jim and I went to secondary school together,
played a lot of footy together, and I caught up
with him, renewed our acquaintance at the Primary Industry Awards
just last month and he said, I'll take you for
a tour through Molesworth Station this summer. That's not going

(01:13:55):
to happen because he's left or resigned with immediate effect.
He's alleged to have because of growing frustration with the
wilding pines on the station and the uncertainty about the
station's future. The wilding pines are estimated to will cover
sixty percent of the station in the next twenty years

(01:14:15):
unless something's done to halt their progress or lack of
progress in their case. So, you know, as you pointed out, Ryan,
it is the country's biggest farm. One hundred and eighty
thousand hectares. What's that just off the top of my head,
about four hundred and fifty thousand acres or something like that.
One of one hundred and twelve farms that PAMU own
or manage. This one's owned by the Crown, lest by Palmu,

(01:14:38):
managed by Doc. There is a lot of criticism that
they're not doing a very good job. It is a
magnificent property. It's a real jewel also in the tourism.
Crown running six thousand Angus and Angus hereford cross cattle.
And I think we're going to talk about the price
of meat very shortly. Literally, those Angus cattle are black gold.

Speaker 2 (01:14:57):
Yeah. Well, Dan Bolton certainly thinks so. Farm chief executive
talking about demand and the fact that it's getting out
ahead of supply and we'll stay it.

Speaker 27 (01:15:07):
And it's a bit like the dairy prices at the moment.
It's little consolation to people heading to the supermarket. But
the dairy prices and the meat prices are really good,
at record highs in many cases. So not good if
you're a shopper and you've got four point six percent
less for your dollar than you've got this time a
year ago. But meat, fish and poultry drove up those

(01:15:31):
food prices by six point four percent. Your stake's gone
up by twenty two percent, your mints by fifteen percent.
God knows what your butter and cheese have done. But
silver Fern farms yet Dan Bolton, they recently had their
farmer conference, I think it was in Hamilton, and he's
just saying, look, demand is exceeding supply, and that's right

(01:15:52):
across the world.

Speaker 28 (01:15:53):
That the US is.

Speaker 27 (01:15:54):
Still in a drought situation. It's going to take them
several years to rebuild their herd. Very faiable for the farmers,
those farmers that are left with land use change. Just
to give you an idea of the numbers, Ryan, in
May alone, red meat ex boughts were worth one point
one five billion, up six percent. The US, our biggest market.

(01:16:16):
Despite the ten percent tariff, they're chewing through three hundred
and twenty seven million dollars worth of meat, nearly all
grinding beef in one month. Britain's up forty four percent
to ninety million off the back of the free trade agreement.
The problem is we're running out of land to raise
these cattle and lambs land use change, carbon farming. The
lamb kills ten percent behind where it was this time

(01:16:38):
a year ago. Beef kills down six percent to just
over two million. Those prices though, have gone up. It's
eye watering for lamb. Now you're getting nine dollars sixty
this time a year ago six dollars fifty. That's what
the farmers are getting paid. Prime beef is about eight
to eight dollars fifty. So when you go and look
at your piece of steak and the super market and

(01:17:00):
you know the farmer is getting eight bucks a quilo,
it's not all their fault. Ask us the supermarkets, why
you're paying forty five bucks aquilo.

Speaker 2 (01:17:09):
Yeah, And that's the problem. People are just looking at
the stacks. Some can't afford to actually go and buy them. Hey, Jamie,
great to have you on the program. As always, Jamie
McKay hosted of the Country with our Rural Report. Just
gone twenty after six Ryan Bridge, Ryan Tesla started this nonsense.
This is about the cars. I quite like this, Yeah,
Ryan Tesla started this nonsense with the dangerous large screens

(01:17:31):
and the cars. The screens are a huge distraction for
people and should be banned, sins Stephen. But they don't
if you're driving along, they don't. You know, they've got
large controls on them, so it's not like you're, you know,
squinting at a tiny little screen and they're not playing
television or a movie. Mine's actually broken at the moment,

(01:17:51):
so it's been broken for like six months or longer,
so I've kind of forgot it's there. But I don't
feel like I got not that it's not a big one,
But I don't feel like they're a major distraction. I
think there's probably other things in the in the car
or on the road that are or in your hand,
maybe your mobile phone that's more distracting than the s screens.

(01:18:12):
Twenty one after six news talks, he'd be nine two
nine two. The numbers of text. We'll get to our
update on showbiz next and Sam Dickey on the banks
over in the US, how they're reporting back this season.
That's all ahead croaching.

Speaker 5 (01:18:25):
The numbers and getting the results.

Speaker 1 (01:18:28):
It's Ryan Bridge with the Business Hour and mass insurance
and investments.

Speaker 5 (01:18:33):
Grew your wealth, Protect your future The News Dogs dB.

Speaker 2 (01:18:37):
Twenty four minutes after six. Across the Tasman. In Australia,
where they've been begging for a rate cup from the RBA,
they might just get their wish. The next meeting is
mid August, similar to ours. The unemployment rate there today
has jumped to four point three percent. This is June
twenty twenty five data. The market had picked four point
one percent, so it's higher than expected. It's also breaking

(01:18:59):
out of it's recent range. This is the highest level
now nearly four years, so you might see some movement
on that. Paul Bloxham, who's made of this show from HSBC,
says this does strengthen the case to cut the OCO
and Australia by twenty five basis points in quarter three,
with further twenty five point basis cut in quarter four
and another in quarter one of twenty six, taking their

(01:19:23):
cash rank to three point one percent across the Tasman. Well,
that would be what they want, right. Let's get to
some show biz news and to the main stage of
the world's largest EDM festival Idiom by the Ways electronic
dance music for those who are unfamiliar, has caught on fire.

(01:19:45):
This is just a day before the gates open to guests,
and there are loads of guests. Four hundred thousand people
attend this festival. It's in Belgium. It's called the tomorrow
Land Festival. Very popular, loads of artists, loads of fun.
Headliners this year include David Guetta, Swedish Gheta, Swedish house Mafia.

(01:20:08):
I know his music, just never had to say his name,
Swedish house Mafia. The event organizers saying, don't worry, it's
just the main stage that's been damaged. So the show
is still going to go on, and everyone's still going
because their flights have already been booked.

Speaker 10 (01:20:22):
All in all, I might be like three thousand dollars,
but I think it's worth it.

Speaker 2 (01:20:27):
This is something I was really looking forward to all year.
You go, everyone's still It's a lot of people, isn't
it to be in one place at one time with
a burnt stage. I wonder how many toilets they've got
and whether any of them caught fired. That would be
my biggest concern. Anyway, fire started during a test run
apparently of the fireworks show that closes out each night
at the festival. Luckily no one was injured. No reports

(01:20:48):
of injuries at this point anyway. So there you go tomorrow.
Lands still happening this weekend. Twenty six after six now
here on news Talk, said be Sam Dickey, where our
market update after news and we'll leave you with some
Is this David.

Speaker 10 (01:21:02):
No, sorry we had to forget her at the start
of it. This is Medusa who are playing. They've come
to New Zealand a few times as well, but but
they are playing at the festival. Hosy on the vocals.

Speaker 2 (01:21:11):
There you go, geta guilleta who cares enjoy the music.
Tell it to mom, give me.

Speaker 23 (01:21:53):
Tell it.

Speaker 1 (01:21:56):
Whether it's Macro microbe or just playing economics.

Speaker 5 (01:22:00):
It's all on the Business Hour.

Speaker 1 (01:22:02):
With Ryan Bridge and Las Insurance and Investments, Grow your wealth,
Protect your future, Use talk set be.

Speaker 2 (01:22:20):
It is twenty five away from seven on your talk,
said b. I'll run through some of the numbers we
had today from Stats and Z. This is the food
price inflation. Fruit and vegies were up seven point six percent.
You would have noticed that that's this is the annual change.
I'm talking about seven point six percent of fruit and veggies,
you meat, poultry, fish, six point four percent, your non

(01:22:43):
alcoholic beverages four and a half percent, your alcoholic beverages
just one point two percent, which is so your Coca
cola is getting more expensive than your beer, your cigarettes
in your tobacco four point eight percent increase. Won't be
happy with that. Your rest meals and ready to eat
food increase just two point two percent. So the inflation

(01:23:06):
rate on your fresh produce and your groceries is more
than double what it is on your restaurant meals and
ready to eat food. It's twenty four away from seven
now Bridge Wall Streets. Heavyweight banks have kicked off earning
season there and the message is pretty clear US consumer
is bending, but certainly not at this point breaking. Sam

(01:23:27):
Dickey from Fisher Funds is with me. Now, Hey, Sam,
good evening, right, So where are we at this reporting season?
Who's reported so far? How the result's been looking.

Speaker 29 (01:23:38):
Yes, we're less than ten percent of the way through.
But the big US banks always kick things off, and
they've got a pretty good bird's eye view of the
US and the global economy, and they mostly beat expectations,
which is quite interesting given how bearish sentiment was sort
of two months ago. So JP Morgan and City Bank,

(01:23:59):
especially two giant banks, beaty expectations and that's probably no
surprise now given stock markets thro at all time highs
and bond markets have been volatile, so their trading flows
have been humming and minting cash.

Speaker 2 (01:24:15):
And how households spending habits going at the moment starting
to crack.

Speaker 29 (01:24:19):
You, yes, that they do have a great view of that,
and the answer is not yet. So JP Morgan's Jamie
Diamond said the consumer is resilient still, and City Group
CEO said the consumer is holding up nicely. Bank of
America said solid consumer spending data and no signs of
a recession.

Speaker 2 (01:24:39):
All right, So what rests of the bank's really worried
about here?

Speaker 30 (01:24:42):
Sam, Yeah, So that's a really good question, because everything
we've talked about so far was backwards looking for the
first half, and most sounded notes of caution for the
second half.

Speaker 29 (01:24:53):
So Wells Fargo said they expect pressure on borrowing demand
for the rest of twenty twenty five because interest rates
remain high. Jamie Diamond lamented how expensive equity markets looked.

Speaker 2 (01:25:06):
And asset prices look pretty high.

Speaker 29 (01:25:08):
And as a group, they all talked about the risks
of geopolitics, US government debt levels and generally higher interest
rates pressuring the ability of the US government to pay
the interest on that debt. And of course the uncertainty
of tariffs and whether they were kick in in August
was talked about a lot by the big banks.

Speaker 2 (01:25:27):
Yeah, still a lot of the setting around that. What
does all this mean for investors?

Speaker 29 (01:25:30):
Sam, The US economy remains exceptionally robust, and we've seen
this many times since COVID when people expected a recession
as at April for example, this year post Liberation Day,
and it just remains very, very robust. But stop market
sentiment is red hot. It's been an incredible run in
equity market since April the eighth. And the only other

(01:25:51):
thing I would say is it's all about AI at
the moment, and any company with AI and the name
is going up. And it does seem like the US
economy is a little bit of a side show at
the moment until it's not. So I would just send
a note caution there. Given the exceptional run that equity
markets have had.

Speaker 2 (01:26:07):
And it has been exceptional, Sam. Thank you for that, Sam.
Dicky Fisher funds tonight. It is twenty one minutes away
from seven. Bryan Mince will soon be on the menu
at restaurants. Hello, yeah, I probably would you bother go
into a restaurant if you're just going to get minced.
You could have that at home and it would be
cheaper at home too. It is cheaper at home at
the moment. Even though it's getting more expensive to eat

(01:26:29):
at home compared to restaurants, it would still be cheaper
at home. Nikola Willis has today announced a date on
which she will on which she will meet Miles Hurral,
the fon Terror Boss. Because obviously there's bad headlines today.
It's four point six percent food inflation. That doesn't sound
good when you've come in on the cost of living ticket.

(01:26:52):
So what does she do? She gives us a few crumbs.
I'll meet with Myles Hurel next week. I mean, whippy
do what's that going to solve?

Speaker 9 (01:26:59):
No?

Speaker 2 (01:27:00):
Nothing, nothing, No one really thinks that. However, I was
just talking to Laura about this off air. That doesn't
mean that labour's any better. No one thinks surely, no
one thinks that Labour would be any better at fixing this,
given that they got us into the mess in the
first place. So you're basically just stuck in this no
man's land. Of the current lot aren't quite doing it

(01:27:22):
for you. On cost of living, the last lot completely
cocked it up and got us into the ditch that
we're currently lying in. So what are you to do?
Just sit here and starve? Basically, aren't you? It is
twenty to seven News Talk, said.

Speaker 9 (01:27:37):
B everything from SMEs to the big corporates, The Business Hour.

Speaker 1 (01:27:42):
With Ryan Bridge and plans, insurance and investments, Grew your wealth,
Protect your future Newstalks ENV.

Speaker 2 (01:27:50):
Seventeen away from seven. On the cost of living, John says,
come on, Ryan Labor had six years to destroy the country.
Give this lot a break. They're only halfway through their
first team. That is true. That is true. I do
agree with that. Actually, I was looking at their pledged
card this week, National's twenty twenty three pledge card, and
I mean a lot of it is purposely vague. You know,
we will restore law and order. What does that actually mean?

(01:28:14):
But if you go through the list, there was six
main pledges that they made at the last election, and
I was just in my head going, can you give
them a TECH or at least a partial tech halfway
through the first term for that, and I think on
most of the counts it would be reasonable to give
them a TECH or at least a partial TECH. It's
certainly things starting to track in the right direction. Sixteen

(01:28:34):
away from seven now over in New York, they've had
an auction of some stuff that's fallen out of the sky,
space objects. They've had an auction of dinosaur skeletons, and
it's just amazing how much the stuff is worth. So
a meteorite found in the Sahara Desert in twenty twenty
three is the largest piece of mars ever found on Earth,

(01:28:58):
fell down and just sold for eight million New Zealand dollars.
There was a juvenile dinosaur skeleton sold for more than
thirty million dollars in credible I mentioned finding one of those.
I mean presumably the well, I don't know who owns
them actually, but somebody has just paid a lot of
money for them. At sixteen to seven. Bryan Bridge Indy

(01:29:19):
Brady is a UK europe correspondent with US Hey Indo.

Speaker 31 (01:29:23):
Hey Ryan Great speaking and to U two the UK
and Germany are going to sign a defense treaty today. Yes,
this has taken eighteen rounds of negotiation, and what we're
seeing is Keir Starmer moving the UK far more closely
to Europe yet again. So last week President Macron of
France was here on a state visit. Today he will

(01:29:44):
be doing business with Friedrich Mertz, the new Chancellor of Germany.
And it's pretty much a defense treaty. There's lots of
other security and trade stuff in there as well, but
there's a key line in it that an attack on
one will be defended by the other. Struggling to see
how this differs from the protections offered to both Germany
and the UK under NATO membership, but it's really a

(01:30:07):
message for Russia's ears that if you even think about
coming close or threatening either of these countries, both of
them will respond.

Speaker 28 (01:30:17):
So let's see how that plays out.

Speaker 2 (01:30:19):
Yeah, interesting in Kostama's suspending four of his own in peace.

Speaker 28 (01:30:25):
He's had enough of these four So three of them
only came in as new members of Parliament last July,
so they've been in the job barely a year and
he's suspending them. They've all led various different rebellions against
legislation he has tried to bring in now, in particular
the recent welfare reforms. They were very prominent and I
think they made it difficult for other labor MPs to

(01:30:47):
defend the government position when you've got these four popping
up on the airwaves, spouting off and giving their tubbensworth.
So the end result is he's had enough of them.

Speaker 2 (01:30:57):
Now.

Speaker 28 (01:30:57):
Look, Jeremy Corbin, the former Labor is rumored to be
starting his own left left wing party, so they may
well quit and go there. There is some speculation, but
it's clear. I think this is a message. As MP's
are just about to break up for their long summer
holidays until the end of September. This is Starmer sending
them home, just with a warning that you know, if

(01:31:19):
you even think about causing me problems next time in parliament,
this is what will happen to you.

Speaker 2 (01:31:25):
And what about the jetpot? This is the Loto jetpot
four hundred million dollar or euro I should say, is it?
And and Irish family has come forward to climate Yeah.

Speaker 28 (01:31:36):
It's four hundred million en z and they've come forward anonymously.
So the euromillions is played everywhere France Germany, Italy, Greece,
you name it, Belgium, UK, Ireland. But crucially it's not
six numbers to match, you need to match seven. Can
you imagine the odds on that. Someone said to me
once a statistician that it was like stopping someone in

(01:31:57):
the street and telling them their mobile phone number, that
those are the odds. So you've got to match seven
numbers in euro millions, and one winning ticket last week
in Ireland did just that. Now everyone in Ireland every
day has been a paper story saying, well we know
the county the ticket was sold, and now we know
the shop it was sold in. Of course could have

(01:32:18):
been someone just driving through, or it could be someone local,
so everyone was super excited to find out who they are.
They've come forward anonymously, they've got the money, and a
statement was put out by a lot of organizers from
the family saying it's a family syndicate. They're going to
have a holiday and one member of the family has
said he will not be deviating from his cheese and

(01:32:39):
ham sandwich every lunchtime. So let's see if four hundred
million dollars does not really change them.

Speaker 2 (01:32:46):
Is there a big texts over there like in the US,
I get text the Jesus out of them.

Speaker 28 (01:32:50):
Is it the Simon no no that drops into your
bank account as soon as the check Clear's four hundred
million dollars for you to do whatever you want with.
I think they're very clever not having any publicity because
a country is the size of Ireland, with the amount
of criminal networks, Seriously, the amount of organized crime we
have in Ireland, you might as well just draw a

(01:33:11):
big X on your back. And they need to be
careful about how they spend it as well, because if
you're suddenly driving a Lamborghini Hurricane round County Limerick, that's
going to draw attention to you.

Speaker 2 (01:33:23):
Certainly. Hey, thanks so much for the end of Brady,
a UK correspondent. It is twelve minutes away from seven
on News Talk cib beak by a few pieces of
maths and dinosaur bines with four hundred million dollars.

Speaker 21 (01:33:34):
Can you.

Speaker 2 (01:33:36):
It's gone eleven away from seven.

Speaker 1 (01:33:39):
It's the Heather to See Alan Drive Full Show podcast
on iHeartRadio powered by News Talk ZIBB.

Speaker 2 (01:33:46):
News Talk ZIBB. It is nine minutes away from seven
now ASB is going to publish the quarter to CIPI
preview tomorrow, but they have already penciled in. And this
is the thing that we were talking about with bred
Olson after five o'clock. It is a little bit worrying
when you start to factor in the food price inflation
and look at the general inflation rates CPI. So for

(01:34:07):
quarter two they are expecting two point eight percent, well,
for the year two quarter two two point eight percent,
but then for the year two quarter three, as in
the one we're in now, they expect three percent or
more for annual inflation, which then gets you outside of
the Reserve Bank's banned. Then you start to think ahead

(01:34:30):
to the rate cut that we are all fingers crossed for.
If you've got a mortgage in August, is that going
to happen or not. Brad Olsen on the program earlier
made the point that actually the Reserve Bank can look
through this short term increase in inflation that they're expecting
because towards the end of the year they're expecting inflation
to come back down. So the Reserve Bank can just say, oh, well,

(01:34:52):
we're gonna basically ignore the present, look to the future
and still cut rates. That's that's the theor anyway, we'll
see how it goes next month. Just gone eight minutes
away from seven Ryan Bridge. Now judging for this year's
ice Cream Awards is happening, and you've gotta wonder what's
wrong with just your plain old chocolate, your vanilla, your strawberry,

(01:35:14):
or your neapolitan even a combination of all three. Part
of this year's competition and up for judging will be
wait till you hear some of these mince and cheese
pie gelato. Just why jelly tip brownie gelato that sounds
quite nice. Hokey pokey ice cream with color color sounds
all right? Manuka honey and ginger ice cream? Cihun chili

(01:35:36):
crisp ice cream? Just have a meal or have a dessert?
Why are we, you know, trying to mix things together?
Strawberry matcha and miso moose. It's just a lovely alliteration,
but probably doesn't taste great. Well, I guess we'll find
out what's judging is done. I don't know. It seems

(01:35:56):
like to me, mince and cheese pie and a sweet
thing just not a good idea.

Speaker 10 (01:36:02):
Well, on the other hand, run we haven't tried it yet, right,
What if they're onto something? Well, I mean, because mince
and cheese pies are delicious, ice cream is delicious. Maybe
combining two delicious things just create something that's even all.
I mean, we've got to give it a chance, don't we.

Speaker 2 (01:36:15):
I don't know. I just feel like, what's next that
they're going to do with Brussels sprouts and you know,
like binge juice. It's just gross stuff like toe jams
and sweat.

Speaker 10 (01:36:24):
Okay, yeah, you know. Yeah, don't knock it till your
rocket works, like up to a certain point. But you're right,
I'm not trying the toe jam one.

Speaker 2 (01:36:30):
Yeah, no, no, no, I was going to try that one.
I mean, look, we will try. Actually, could someone send
us their mince and cheese? Yeah? Do they need any
more judges? So they got enough judges yet? We can
do it, right, We've.

Speaker 10 (01:36:42):
Got some volunteers.

Speaker 2 (01:36:43):
Send it, send it times. We'll try it on the
show tomorrow.

Speaker 10 (01:36:46):
And you're keen for that, you know, I'm sure. I'm
sure I can find some time. Yea, even for the
mince and cheese pie one. I'll give you go to
all right.

Speaker 2 (01:36:53):
If somebody sends that to us, then they win. It's
six minutes away from seven on Newstalk ZB and what
are we going out to ends a sad one.

Speaker 10 (01:37:02):
Unfortunately today Ryan, this is highday, am I by Daphne Walker,
the New Zealand singer. She has died at the age
of ninety three. This particular song was recorded back in
nineteen fifty five and released on a Tenant record called
south Sea Rhythm, which is believed to be the country's
first ever pop album that was ever released.

Speaker 2 (01:37:22):
And she was on it.

Speaker 10 (01:37:23):
But yeah, wow, yeah, very sad news today that Daphney
has died.

Speaker 2 (01:37:26):
We're not sure how okay? Ninety three good innings five
to seven see.

Speaker 25 (01:37:32):
Tomorrow coomes SUNCHI. You're welcome as a king, Bye Corry.
This is fun time will really have a fling her, Emma,
everything is copy through the land. We want to shake

(01:37:58):
your healt and how it in my.

Speaker 8 (01:38:04):
We're proud of you. That's why. How in my everything

(01:38:43):
is cop fined?

Speaker 25 (01:38:46):
You're here red line, you're really red list? How it
is my.

Speaker 8 (01:38:57):
Not acording this.

Speaker 25 (01:38:58):
Guy, Duke coiner frame. This is the day of day.
You're welcome as the sunshine. You're welcome as a king. Hi, Cory,
this is one time we'll really have a fling her

(01:39:24):
it e.

Speaker 8 (01:39:27):
Everything is copied.

Speaker 25 (01:39:31):
Throughout the land. We want to shake your head, ah
it and my.

Speaker 8 (01:39:42):
We're proud of you. That's why and my.

Speaker 23 (01:39:49):
How.

Speaker 1 (01:39:56):
For more from Hither Duplessy Allen Drive, listen live and
News Talks It from four pm weekdays, or follow the
podcast on iHeartRadio.

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