Full Show Podcast: 21 February 2025

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:02):
Digging through the spin spins to find the real story.
Or it's Ryan Bridge on Heather duplessy Ellen Drive with
One New Zealand Let's get connected and news Talk sa'd be.

Speaker 2 (00:14):
Good afternoon at a seven after four, News Talk said
be coming up today. The Sky News host Andrew Bolts
on their Chinese ships in Sydney, the teacher shortage coming
after a surplus was projected, what's up with that? An
update on Destiny Church and what Labour's trying to do
to them now and Darcy plus Jim Kay's on the
sports huddle.

Speaker 3 (00:33):
Bryan Bridge, something.

Speaker 2 (00:35):
Is not making sense. In the case of the cop
who whacked his kids with a belt. It didn't happen once,
Remember it happened three times. He hasn't been charged and
he's kept his job. Now, we told you yesterday the
cops didn't get enough evidence to charge him, right, Okay, fine,
well not fine, but it is what it is. But
then they sanction him at work. So another officer separate

(00:58):
to the ones that tried to charge, they look at
this from an employment point of view and they sanction him,
but they didn't fire him. Hmm. Here's the problem. If
you sanction somebody. It means that you've done something, and
in this case, it's hitting your three kids with a
webbed belt three times. So if you've hit a kid

(01:19):
and the cops know about it, they're saying you can
keep your job. The question then becomes, how can the
cops say that you can't hit your kids when you
know one of them has done just that and that
their colleagues all agree it happened. This is why something
doesn't add up, because surely, of all the jobs that
you'd lose for something like this, it'd be the one
that has to enforce child abuse laws. Right, is the

(01:42):
story overblowing? Does it sound worse on paper than it
was in real life? The officer said when he was
questioned that he had tried to discipline his kids using
other methods to stop a particular type of behavior, but
that that hadn't worked, so he resorted to the belt.
So maybe it was to stop the kids from hurting
each other or something. I don't know. We don't know.

(02:05):
There'll be people who say this whole story is nonsense.
We used to get the cane, or we used to
get the strap, or we used to get the belt
as kids, and we're fine, and I get that, but
like it or not, the law has changed and if
the ones enforcing it are potentially guilty of doing it,
then isn't that a bit odd?

Speaker 3 (02:24):
Spray and Bridge.

Speaker 2 (02:26):
We're going to speak to police after five this evening
to find out a bit more about that. Just gone
nine minutes after four. Now, some good news and some
bad news for sky TV today. The good news they
got the crackit back were who? The bad news a
net loss after tax of one point seventy five million dollars.
This is for the half year. Sophie Maloney is the
sky TV chief executive. Hi, Sophie, right, how are you

(02:47):
doing good? Thank you great to have you on the show.
How are you feeling about this result? Obviously not great?
And a headline number.

Speaker 4 (02:55):
Yeah, Look, it's been a it's like many New Zealands,
New Zealanders and New zeal In companies, it's been a
tough half year with the ongoing impacts on the economy.
But equally, I'm really proud of the hard work of
the team. And you know, yes we've given we've slightly
brought back our guidance for the full year, but as
you can see, we're pretty close so you know that

(03:17):
gives us confidence, but undoubtedly we've had impacts of the
economy and also our projects to migrate satellite. So overall,
really proud of the team, but yeah, it's been tough
out there.

Speaker 2 (03:28):
What's the migration issue? What is it costing you?

Speaker 4 (03:33):
Look, there are a lot of costs that flow into that,
and we've communicated that there's about ten to twenty million
on the cap X front. We haven't gone into the
other op X costs at this stage, but we'll be
looking to give an update at the full year. A
lot the good news is we do have support from
Optis who provide our satellite. So overall, from an investor perspective,

(03:54):
we're saying it's going to stay largely cash neutral by
the end of next financial year.

Speaker 2 (03:58):
You were hoping to have this done by April. I
think I saw was the last hope date. Is that
at risk?

Speaker 4 (04:05):
No, the April, the early April is certainly the date
that we're all working towards to migrate sess lights and
everything is on track.

Speaker 2 (04:15):
To do so, right, because it says in your report
in your release today that there is a risk around that.
What's the risk?

Speaker 4 (04:22):
Oh, look, it's just ongoing. You know, we haven't given
a specific date because we're just working through all of
the testing and configuration. There's a huge amount of work
for the team to do. The good news Ryan, though,
is for our customers there's nothing more they need to
be doing at this stage because the sesslllights in the
same place as the current one, so all of their
dishes can point towards that are Yeah, but how.

Speaker 2 (04:43):
Many of your customers at the moment can't actually watch
sky or can't watch a continuous sky.

Speaker 4 (04:50):
Well, the good news is we've made significant improvements with
the help of OPTIS on the satellite signal, so the
issues coming into our contact center and co and the
truck rolls, but we need to do to go to
customer's home and our back below to BAU levels, which
means that the signal strength has improved. So right now,
my expectation is that the bulk of our customers are

(05:14):
not having any issues at all with the satellite delivery,
and of course they've all got sky Goo, which is
our complimentary app to support their sky viewing.

Speaker 2 (05:23):
How did what went wrong?

Speaker 3 (05:24):
Then?

Speaker 2 (05:24):
I mean, if you're able to get it sorted, get
the satellite in the right position. Now, how could you
not have done that sooner?

Speaker 4 (05:32):
So that's a fair question, and it certainly wasn't our
expectation nor that of OPTAs that we would have this
signal strength issues on the ground. As soon as we
became aware of it, we worked hard with Optis to
make these corrections for which are not all that straightforward.
But now that we've done that, it has had a

(05:52):
really great impact on the customers that we're suffering. And
you know, just in terms of these numbers, it was
up to five percent of customer that's had issues, So
that does mean that ninety five percent of that Skybox
base didn't have.

Speaker 5 (06:05):
Any issues at all.

Speaker 4 (06:07):
But as we've shared, we know that it's been an
issue and we don't like that for our customers. But
we're definitely on track now and the migration will happen
early April.

Speaker 2 (06:16):
Does that mean compensation for five thousand customers?

Speaker 4 (06:20):
Yeah, there are credits being offered to customers.

Speaker 6 (06:23):
How they directly.

Speaker 2 (06:24):
Impacted, How much are they getting.

Speaker 4 (06:28):
It varies depending upon what services have got and what
the period of interruption. We've said in our results that
we've given our two hundred k with of credits is
at the half so you know, that's just to give
you a sense of the overall scale.

Speaker 2 (06:45):
Hey, how worried are you about the technician issue? A
lot of people saying I call the technician waiting for
weeks never came.

Speaker 4 (06:52):
Yeah, so look, that's we agreed a new arrangement with Downer,
who's been working incredibly hard. It was a bit of
a confluence of events for the moving to a new
provider at the same time that we suddenly had a
massive uplift in demand, you know, a sixty percent uplift
and calls into the contact center, and so that did

(07:13):
lead to rescheduling issues and quite frankly, we didn't communicate
as well between us and Downer and the customers. So
we have left customers frustrated, and we've certainly apologized for that.
The issues that we had have been faxed. So it
is we're on the path and we've almost we've almost
cleared the backlog. Must be so on the next few weeks.

Speaker 2 (07:33):
Frustrating for you, Sophie, because it's really an optous issue,
is what you've said. I imagine you've had some stern
words with them over the last few months.

Speaker 4 (07:42):
Yeah, we've certainly had some robust discussions. What I'm really
grateful for is their CEO understands what it's like to
be in a customer facing business and he and I've
been a regular dialogue and the focus is absolutely on
making sure we get through the successful migration. In April, the.

Speaker 2 (07:57):
Good news, you've got the cricket it's back on Sky.
What'd you pay for it? I know you won't tell me, but.

Speaker 4 (08:04):
No, but I tell you what it was, a speaking
of another good robust discussion with Scott wien At, the
chief executive of New Zealand Cricket. Yeah, look, it was
super painful losing those rights back in twenty nineteen, so
really excited to welcome them back to you know, the
black cats and white ferns back on Sky from October
next year for ours Sky customers.

Speaker 2 (08:24):
Now you've got White Lotus. I've just actually rejoined Neon.
You'll be pleased to know because White Lotus is out.
Is that what you're watching too? I mean there's only
one episode, which is annoying, but it comes every week.

Speaker 4 (08:35):
Yeah. I tend to wait till at least there's a
few of them and then I get it onto the watch.
I have to say I'm also looking forward to Handmaid's
Tale because I think it's actually a really important watch
and the world that we're living in now, so I
highly recommend it when it comes.

Speaker 2 (08:51):
You do you get preview? Do you get to see
the shows before they come? Because you're the boss of
Sky Do.

Speaker 5 (09:00):
You know what?

Speaker 4 (09:01):
I probably could ask for that, but I don't because
I just loved being a consumer and enjoying us.

Speaker 2 (09:06):
Quietly by myself.

Speaker 1 (09:08):
I know.

Speaker 4 (09:12):
Maybe I'll edit to the last once we get through
Project Migrat.

Speaker 2 (09:15):
Sounds like you might have to, Sophie. Thank you. Sophie Maloney,
the Sky TVTF executive with us on their results today.
Obviously not a great result for them, but they'll be
hoping to put a lot of that stuff behind them.
Sixteen minutes after four, Ryan, I'm not surprised about the
Sky issue. My skybots hasn't worked in three weeks. I've
still been waiting for still waiting for Downers to come
and sort it out. Ryan, there was a lot of

(09:36):
but the good news is from your interviewee there, Mike
count was at least six. Good news is they had
to have something. I suppose given the profit result they've
announced today. Sixteen after four.

Speaker 3 (09:49):
It's the Heather Duper.

Speaker 1 (09:50):
See Alan Drive Full show podcast on Ihard Radio powered
my News Talks.

Speaker 2 (09:55):
They'd be news talks. They had been nineteen after four.
Jason Pines here, Hey, Jason Ryan, good to see, Good
to have you in the studio, good to be here.
Now the Chiefs. What's going to happen tonight? Chiefs and
Crusaders and Hamilton.

Speaker 7 (10:05):
Well, if you'd asked me a year ago, they were
Chiefs because Crusaders were terrible a year ago. But last
weekend they started the new season pretty well. Actually been
in the Hurricanes, they got a few players back. I
thought they looked pretty good. So they go up to
play a Chief side though, who in a repeat of
last year's final last weekend beat the Blues at Eden Park.
So you'd say on their home ground the Chiefs would

(10:25):
be favorites. But you know, I've almost feel like we
can't recall the Crusaders underdogs because they're the Crusaders. They've
been so good for so long. It's a very long
winded answer. I think the Chiefs. I think the Chiefs.
I think the Chiefs are favorite to win the game.
I think if Damian McKenzie plays well, the Chiefs will
win the game.

Speaker 2 (10:43):
That young guy the Crusaders have got from Wellington who
was the scaffolder up the Capity coast, he's pretty impressive.

Speaker 7 (10:48):
Kyle Preston is the man's name. Yeah, came off the
bench last week when Noah Hothan went off after seven
minutes and gets a hat trick of tries.

Speaker 2 (10:55):
No player in.

Speaker 7 (10:55):
Super rugby history has ever scored a hat trick on debut.
Kyle Preston has he'll start tonight because Noah Hotham's injury
will keep them out for a bit. So Yeah, from
the scaffolding and the roofing of the carpany coast to front.

Speaker 2 (11:10):
And the Americans would be so miffed they didn't keep
them right.

Speaker 7 (11:14):
Yeah, there's been a bit of chat about that.

Speaker 2 (11:15):
I'm sure Ken the Phoenix do you well? Do we
even say this are the thing it's going to do
anything impressive? Ever?

Speaker 8 (11:22):
Wow?

Speaker 2 (11:23):
Obviously I don't. Look, I don't know a lot about football,
you know this. I don't know a lot about anything.
But you know, you've got this team who's been around
for donkeys years and I'm from Wellington. They never win
anything and then the along comes as team there's Johnny
Come Lately is and they win everything.

Speaker 7 (11:36):
Yeah, well they're on target to win tomorrow as well.
I think anyone who didn't have any skin in the
game would say, Yoakland FC. You know, top of the
league by five points. The Phoenix has struggled this year,
but funny things happen in Derby's you know, when two
teams doesn't matter where they are on the table, who
are fierce rivals, come together. I think it'll be tighter
than a lot of people expect tomorrow, big crowded coming
twenty seven thousand. They've sold it out, which is I

(11:58):
mean again, just another feather on the app of this
Auckland f C organization. A nice day look the Wellingtonian
and we would love to see the Phoenix when. I
think it's good for the narrative too. But if you
hover above it, Auckland f C a firm favorite.

Speaker 2 (12:13):
Jason, thank you very much. We look forward to a
very good week in big weekend of sport. Jason Pine
with US Weekend Sports scis with your midday or three
tomorrow and then of course Sunday on news Talk, said
b twenty one after.

Speaker 1 (12:24):
Four, recapping the day's big news and making tomorrow's headlines.
It's Ryan Bridge on Heather du for see Ellen Drive
with One New Zealand Let's get connected news Talk sa'd be.

Speaker 2 (12:37):
It is twenty four after four loads of feedback on
the issue of the police officer who is accused of
strapping his kids three times on three different occasions with
a belt. Ryan, everywhere we look that law, sorry, the
law as it stands. This is the child smacking law
that was introduced. Remember it was Helen Clark who wanted
to bring it in and there was John Key who

(12:58):
came in over the top and helped say the day
for her by having it passed. A smack had to
be inconsequential. That was the law that was passed at
the time that John Key got over the line. Anyway,
since that has come in, there are a lot of
people who are texting and this is from Rob who
say kids have gotten out of hand since that law
came in. In other words, they need a good smack.
And this is a legitimate point of view from people

(13:21):
who are texting the show today to that, I would
just say, really do you I mean, there is a line,
isn't there. I mean, if you give you a kid
a slight smack on the bum if they're going to
cross the road or they're going to put their hand
on our stove, we'll do something stupid. Is that the
end of the world. No, But if you know if
you're beating your kids with a belt and that you're

(13:43):
leaving a mark, that is a completely different kettle of fish,
I think. Anyway, Ryan media getting on their high horse,
are pursuing this case about the guy this is from Dino,
about the police officer who's accused of hitting his kids.
What would be worse if he lost his job and
then his family were left with no income and they

(14:04):
would have to do without again, come back to that point.
It depends on the severity of what happened and what
went on. And the point is we don't actually know
at this point how severe it was or what went on.
We're talking to police about that. After five twenty six minutes.

Speaker 3 (14:20):
After four ran Bridge.

Speaker 2 (14:21):
So mortgage rates. We talked about this yesterday. Do you fix,
do you float? Do you go for six months? What
are you going to do? Keywi Bank this afternoon has
just cut some of their shorter term mortgage rates. We
had most of the floatings change after the OCR announcement.
Of course, so their six month fixed rate, they've dropped
that twenty basis points, gone from five nine to nine
down to five seven nine. Their big cut was for

(14:46):
their one year fixed rate that is down thirty six
basis points to five point nine. Now it's the same
as their two year rate. I just don't think it's well,
it's not. I mean, it's not as good as A
and Z. It's two year rate at four point nine
nine years does that. But there you go. Most of
the other banks are actually aims. It is way out

(15:06):
ahead four point nine to nine for the most of
the others in terms of their two year rots are
floating around five point one nine ish News Talk ZIBB.
We're gonna get to Dan Mitchison in the US after
the news. He's got the details on that meeting between
the US and Zelensky.

Speaker 1 (15:38):
Informed inside into today's issues. It's Ryan Bridge on hither
duper c Allen Drive with one New Zealand let's get
connected news Talk zib.

Speaker 2 (15:51):
Because good afternoon, twenty five minutes away from five year
on news Talk zib after five o'clock, we're gonna look
at this issue from the well. The PPTA is upset,
but I mean that's nothing new that the PPTAs always upset.
They're in a constant state of depression. But they're particularly
agitated today because the Ministry of Education has come out

(16:13):
and said for the next two years, we're going to
have a shortage, potentially have a shortage of a thousand,
more than a thousand teachers in New Zealand. And it's
this report that they do every second year. Last time
they did the report, they said we'd have a surplus
of teachers. So how do you go from having a
surplus of teachers to a significant shortage of more than
a thousand. Well, the PPGA reckons they've got the answer.

(16:36):
I don't think they do have the answer. We'll talk
to them after five here on News Talks VB.

Speaker 1 (16:40):
It's the World Wires on News Talks Drive.

Speaker 2 (16:44):
The Americans have met with Zelenski and we don't know
what they talked about, but the American envoy involved canceled
the press conference, so we potentially never will. Trump's teams
say the President is grumpy about Ukraine refusing to hand
over all those minerals.

Speaker 9 (16:58):
We talk that Trump is obviously very frustrated right now
with President Zelenski.

Speaker 1 (17:04):
The fact that.

Speaker 8 (17:07):
He hasn't come to the table, that he hasn't been
willing to take this opportunity that we have offered.

Speaker 2 (17:15):
Fifty percent of their two trillion dot twelve trillion dollars
worth of minerals. Israel has said that Hamas has failed
to return the remains of four hostages as the group
promised to do. They did get four bodies, but according
to DNA testing, one of the bodies didn't belong to
any of the hostages. This expert reckons the next exchange

(17:36):
will still go ahead anyway.

Speaker 10 (17:38):
This seems to have been a mistake. It's unclear what
Hamas would get out of intentionally switching out the bodies.
So hopefully that narrative will behold the bit that this
was possibly a mistake.

Speaker 2 (17:53):
Hopefully, and finally this afternoon, these boots on.

Speaker 3 (17:56):
A bucket, and that's just what they're.

Speaker 6 (18:01):
One of.

Speaker 3 (18:01):
These these foods are gonna log over.

Speaker 2 (18:06):
The Federal Court of Justice in Germany has ruled that
birkenstocks cannot be considered works of art. The famous sandal
manufacturer tried to claim that its products are copyrighted works
of art that cannot legally be imitated. By competitors because
everyone is doing them now, right, and some of them cheaper,
a lot of them cheaper. The court says, the sandals
are not up.

Speaker 3 (18:26):
There, just footwear.

Speaker 1 (18:28):
International Correspondence with Ends and Eye Insurance Peace of Mind
for New Zealand Business.

Speaker 2 (18:33):
Dan Mitchison's a US correspondent, Dan Good afternoon. Hey, good afternoon.
So this first meeting between the USM boy and Zelensky,
what do we know anything of what went on?

Speaker 3 (18:44):
No, not much.

Speaker 9 (18:45):
I mean, they're trying to strike this deal and as
you just mentioned in the World wires there, I mean
a lot of this has to do with all the minerals,
the deposits of lethium and titanium and gas and coal
and oil and uranium that's worth billions of dollars over there,
and the US is suggesting that we have access to

(19:05):
these and that could be an exchange in return for
the aid or even as compensation for the support that
the US has already provided. We didn't hear President or
former President Joe Biden talked much about this, but this
has been a big sticking point for President Trump. And
you know, now there's reports that the US is refusing
to recognize a un resolution this was also developing today

(19:27):
that labels Russia as the aggressor in this. So no
matter I think who's saying what, If you dig deep
enough into this, it seems like everyone is taking a
step backwards when it comes trying to resolve this situation.

Speaker 2 (19:38):
It becomes far more simple to understand, though, doesn't it
when you now that we know that there are minerals
and the offer of a deal over minerals on the table.
And this will explain why Trump is lashing out at
Zelensky for saying no, thanks to your deal of fifty
percent of the trillion dollars worth of minerals.

Speaker 9 (19:57):
Right right, And you know, just a lot of the comments,
I mean, he's just pushing them back and back and
back at this point right now, so that they should
have resolved this three years ago, and putting a lot
of the blame on on Zelensky and Ukraine as opposed
to Russia, and.

Speaker 2 (20:11):
Putin Americans worried about flying. According to a new pup.

Speaker 9 (20:16):
They are they are confidence in air travel, and not
just that. I think the federal agencies that are supposed
to maintain our air safety here is just kind of
slipping a little bit We've had a number of crashes,
obviously here in Washington. That was the big one a
little over a week ago. Most people are still saying
that air transportation's generally safe, but we're seeing the number

(20:38):
of adults down to about maybe sixty four percent of people.
Last year it was seventy one percent, and over half
of adults here in the US are saying that. You know,
we only have kind of a moderate amount of confidence
in the federal government to make sure that air safety
is maintained here, especially when you look at all the
cuts that President Trump is looking at with the FAA.

Speaker 2 (21:00):
Hey, Amazon's taking control of the James Bond franchise. What
does that actually mean?

Speaker 9 (21:07):
Boy, I don't know how fast Aunt and Laura can
press the mute button before. I have a few expletives
to say about this, but I'm just kidding about that.
But I'll tell you everybody here is just blowing up
on this. It means that basically they are going to
water down the product. They paid a billion dollars for
the rights to control the narrative of the James Bond franchise.

(21:31):
You had Michael G. Wilson and Barbara Brockley, who are
handing over the control to MGM Studios, and I mean
this is huge. I mean they're forming a joint venture
to house the intellectual property over here, but Amazon's going
to have the creative control. And we know what happened
to say, the Star Wars franchise when George Lucas sold
it to Disney for four billion. And we're looking at

(21:52):
a whole new Bond universe and spin off right here.
And it's been three years since the last movie. Here
this this franchise has grow seven billion since nineteen sixty two,
So you're not going to leave that kind of money
on the table. I think this is a very bad,
very bad deal for Bond fans. Amazon is a volume
driven company, and I think we're going to see a
water down product.

Speaker 2 (22:12):
That would be a shame, wouldn't it?

Speaker 3 (22:14):
It would?

Speaker 2 (22:14):
How much did you say it was worth seven billion
dollars since it starts, since its inception that they've gross.

Speaker 9 (22:20):
Yes, well, yep, since the very first movie with Sean
Connery Doctor No.

Speaker 3 (22:24):
Seven billion dollars. Yeah.

Speaker 2 (22:26):
Interesting. Hey, thanks Dan, good to have you on as always.
Dan Manchison with US a US correspondent. Time has just
gone eighteen minutes away. From five. I would have thought
that they would pay more than one billion dollars for
James Bond, the rights to James Bond. That gives you
the right to make any James Bond movie you want
to in the future, and also any spin off that
you want to in the future. That's a very very lucrative,

(22:48):
potentially a very very lucrative thing to do. I would
have pay more than a billion anyway, eighteen minutes away
from five News Talk said been Barry Soper is here
next to wrapping the day in politics.

Speaker 1 (22:58):
Politics with centric credit, check your customers and get payment certainty.

Speaker 2 (23:03):
Whose talks have just gone quarter to five? Very soaper
is here, our senior political correspondent. Very good afternoon, Good.

Speaker 8 (23:08):
Afternoon, Ryan. We were chatting away not realizing the time
was sticking on.

Speaker 2 (23:12):
Well, I did you didn't know?

Speaker 8 (23:15):
That's true.

Speaker 2 (23:16):
The formal request has been made to have Destiny Church's
tax free charity status removed. Now, who's doing this?

Speaker 8 (23:22):
It's not the first time it's been done. But uh,
the man that we all know, Phil Dwyford. Wasn't he
known for Key we build it?

Speaker 2 (23:32):
Honestly, it's kill Twyfords still there.

Speaker 8 (23:34):
Yes, it's incredible, isn't it really popping up from time
to time in Parliament?

Speaker 2 (23:38):
You look, but you look at the footage of Parliament
you think, is this old footage?

Speaker 8 (23:45):
Yes, well he's the tATu MP of course. And it
was in the library there that Destiny Church were disgraceful.
They behaved so badly and kids were intimidated. And you know,
even the the status of Destiny in terms of the
patches that they wear on their backs now is being questioned.

(24:07):
They're saying should they be designated as again because they
ride motorbikes on mass they have these big patches on
their back and you know there might be an application
to get them on that list as well. But certainly
a formal application has now been lodged with the Charities Commission.

(24:28):
I think it's called to have their tax free status
as a charity removed.

Speaker 3 (24:34):
Now.

Speaker 8 (24:36):
That would be a major move because there is dare
i say, good work that is being done by the
Destiny Church in terms of rehabilitating people, and they have
done quite a lot of good work. But it's the case,
isn't it with many charities that you look at You

(24:56):
look at them and you go, why should they be
getting tax f.

Speaker 2 (25:01):
So I know it's a hard one certainly feels having
a go, having a crack the Chinese warships. Now I
look at those Chinese warships and I think, yeah, this
is what this is what navies do. You know? They
drive their boats around or sail their boats around, and
we did it to them. And remember last year and
September we sailed through the Taiwan straight alongside Australia threatening.

(25:24):
We're not very threatening, but it's for them it's a
very sensitive area. So you know, are they just it's
just tip for tatic.

Speaker 8 (25:31):
Well, it's I guess it's the the nature of the
three boats that are actually sailing in this part of
the world's one of them is a fairly new warship
and it's capable of so much. It's really, I guess
the Chinese showing their force. And when you look at

(25:51):
all the talk about Orcus, I think that's probably got
a lot to do with it. But you'd think the
Chinese would know if they are seen to be threatening,
then it would force us maybe to look more kindly.
You would think at Ucust, which is seen by some
circles as being anti Chinese, so surely that wouldn't be

(26:12):
the reason. But you'd think it's like gunboat diplomas of
the old days, that you'd think that maybe it's a
bit like Mark Brown and the Cocanans. Let your partners know.
Maybe you'd think the Chinese should have informed both Australia
and New Zealand that they were sending this flotilla down

(26:33):
this way. They're off the coast of Sydney at the
moment and there's nothing to say they won't come down
to this part of the world. Judith Collins, the Defense Minister,
she says there's nothing by law stopping them, within the
law to do it. But they've never sent any boats
of the seriousness of these boats to this part of
the world before, and I guess that's what is upsetting

(26:58):
both Australia and certain New Zealand. Winston Peters is going
to be in China next week talking to his counterpart,
the Foreign Minister in China, so maybe he'll raise it
and bang his fist on the table.

Speaker 2 (27:10):
Some one said yesterday were they trying to find the cooks?

Speaker 8 (27:16):
The prospect of fifteen thousand people in the cock Island?

Speaker 2 (27:20):
The David Seymour, So this is Jenny Shipley on the
Treaty Principal's bill and the process of submitting. She calls
David Semura a used car salesman.

Speaker 8 (27:28):
Yes, very unkind, I thought. But look, Jenny was being
her imperious self, and it was interesting watching her before
that Select Committee because she had no notes. She just
spoke off the cuff and actually gave quite a good speech,
but totally opposed the bill and saying that, you know,

(27:50):
the treaty is something that we should be treasury. She said, basically,
you know, she had a disdain or this sort of
legislation to even come before the House. But in terms
of the used car salesman, here's the context of the
comments made by Jenny Shipley.

Speaker 11 (28:11):
I think that the promise of the treaty was profound
and it doesn't need some secondhand car salesman to try
and divert us into some notion that, frankly is not
worthy of the promise of the treaty. And I don't
say that reference in person to the promoter, but rather
how I view trivializing the importance and the intensity of

(28:34):
this relationship. This bill, to me, pushes us back and
uses abstract language like universal humanity be careful of the
mischief of people who use these phrases because usually it
excludes culture and diversity.

Speaker 8 (28:49):
Yeah, well, like I Overseeebo has come back with quite
a good point being called to use car salesman. He said, look,
a lot of us buy use cars and a lot
of us drive you cars. So is she insulting the
used car fraternity by saying what she said? I mean,
I think he took it on the light that it
maybe should have been taken in.

Speaker 2 (29:10):
So she sounded a bit posh.

Speaker 8 (29:13):
Geny's always been very embarrassed. You know where she was born.
She was born in the nursing home, and Gore we
both shared the nursing home. Jenny and I. We were
in the next personet to each other, believe that time,
same year, same within days of each other, and mothers

(29:34):
shared the nursing home. I read I should have been
the prime minister. She should have been the political.

Speaker 2 (29:39):
Commentation because can you imagine her commentating on politics? Profound?

Speaker 8 (29:46):
That's what comes out of Gore.

Speaker 2 (29:47):
Ryan, We wouldn't stomach that. Thank you, Mary, cheers nine
to five.

Speaker 1 (29:55):
Putting the tough questions to the newspeakers, the mic asking breakfast.

Speaker 12 (29:59):
The troubles in New Zealand have been having played out
in number four yesterday as a half years old got
release profits down eighteen percent to one hundred and six
million in New Zealand' chief executive greeg four and isbek
with us. What's your biggest problem the engines or the
new planes you aren't getting.

Speaker 13 (30:12):
Primarily, I would say the engines first up. We're heading
into a period mic where we're going to have eleven
of our aircraft une AVOITHBA. That's going to be about
seven thousand seats a day. We have to cover that
by bringing in leased aircraft because we just cannot get
enough engines out of rolls Royce and Cratt.

Speaker 12 (30:31):
And witness back Monday from six am the Mike Hosking
Breakfast with the Rain drove of the last Newstalk ZB.

Speaker 2 (30:38):
Five to five on News Talk zb SO Genesis. They've
announced their results today. This is majority government know and
they operate Huntley. By the way, net profit for the
first half was up eighty three percent to seventy million
earnings per year, up from three and a half to
six and a half. They took a big hit from
gas during the year, so remember that you might have

(30:59):
remembered the deal the they did with Method X. They're
the ones that produced the methanol, and they were sitting there.
Factory was sitting idle, so they took up the spare capacity. Anyway,
it cost them sixty nine million dollars to do that
at higher rates, so they took a hit from gas
during the year. They're going to need more coal they
reckoned for Huntley. They weren't hit interestingly by the higher

(31:19):
wholesale rates like some of their competitors were, because they
managed to cover all of the demands, so everybody who
wanted power from Genesis got it from them from their
own generation. They didn't actually need to go to the
wholesale rates, so unlike the competition, they didn't really feel
the crunch, which is why I guess they've come out
with seventy million dollars up eighty three percent for the year.

(31:39):
We're going to talk to the CEO.

Speaker 3 (31:41):
After six, Bryan Bridge.

Speaker 2 (31:44):
It's gone four minutes two five now and coming up
after five. We'll do more on these ships off the
coast of Sydney, of the Chinese Navy ships. I think
the story is a little bit over blown. I don't
think it's that big of a deal. But there is
a man in Australia who thinks it is. His name
is Andrew Bolt. His Sky News host hosts the Bolt Report.
You might have seen that if you watch Sky News.

(32:04):
He is quite exercised about this. So we'll ask him
why he thinks it's such a big deal. Obviously they
have huge capabilities these three navy vessels. No denying that,
but you look at some of the things that we
have done. I mean it's international waters, you are allowed
to do it. But look at some of the places
that we have been and the Australian Navy has been

(32:25):
last year in the last year, including the Taiwan Strait.
We haven't been there since twenty seventeen, very sensitive place
for China. So we'll talk to Andrew Bolt about all
of these issues after the.

Speaker 1 (32:36):
News, questions, answers, facts, analysis, the drive show you trust

(33:22):
for the full picture. Brian Bridge on Heather Duplicy allan
drive with one New Zealand let's get connected news talks.

Speaker 2 (33:30):
That'd be good evening at a seven after five we
are watching that's the message from the New Zealand and
Australian Defense Forces. Three Chinese Navy ships sailing off the
coast of Sydney. One quite a formidable warship. Defense Minister
Judith Collins told me last night we didn't know they
were coming.

Speaker 14 (33:46):
It's an unusual move, certainly. I've been told that it's
the first time that we've had this sort of capability
from the PLA in our waters. One's an anti submarine,
could engage an anti submarine warfare, self guided missile destroyer,
able to carry a launch's surface to air missiles. Really

(34:08):
quite stunning pieces of equipment, and we've never seen them
in this area before.

Speaker 2 (34:12):
Sky News host Andrew Bolt from the Bolt Report is
with me. Good evening, Good evening, How are you good?
Thanks Andrew, A big deal on your side of the Tessman.
What are they making of it?

Speaker 15 (34:23):
Oh, well, they're doing the same sort of sounds you know,
we're watching. We're watching entirely unusual. The government is leaving
it at that, trying to sound sort of optimistic and
non confrontational, while our opposition is a little bit more
alarm sounding, a bit more like due to comments really

(34:46):
that we all really should call this out. It's more
like intimidation, a little bit of a threat. But then
I was thinking, well, at least we've got our friends
in New Zealand. They can send some navy ships to
help us confront us. Now sorry, good, yeah, we've got
many left.

Speaker 2 (35:02):
We like to turn our ships into submarines actually, But
I was thinking.

Speaker 15 (35:09):
The face minits to say, we can only want you know,
we'll be watching. What else are you going to be
able to do it?

Speaker 2 (35:14):
Exactly? And we're watching from the shore.

Speaker 16 (35:18):
Hey.

Speaker 15 (35:19):
It's a bit alarming though, because I mean it is
a obvious a projection of power. They were these ships
were off our north coast before and now they're one
hundred Well they're in our economic zone exclusive economic zone.
They're still legal. But you've got to wonder what that is.
And I think it is a either intimidation or b

(35:39):
an attempt to try to catch us out in some
sort of hypocrisy, as if you know, if we complain
had this and you shouldn't be there even though they've
got the freedom of navigation in that kind of area,
that will say, well, look, we say the same about
you and the South China Sea. You might recall that
I don't know whether you heard about it, but a
week or so ago we had Chinese jets. A force

(36:03):
jets jump dump flares in front of the sand Savannah's
plane in international waters in South China Sea, which is
hardly dangerous, could have brought it down. Second time they've
done it in the year. So you know there's real
projection of power going on here.

Speaker 2 (36:20):
Yeah, there is. We have to leave it there, Andrew,
thank you for the analysis. Andrew Bolt, their Sky news
host from the Bolt Report in Australia, does a great
job also. We I mean not that we're being provocative,
but we did, alongside Australia sail through the Taiwan straight
for the first time in about five or six years
last year, so I wonder whether they got an eye

(36:40):
on us down here A little bit more, a little closer.

Speaker 3 (36:42):
Ten after five Brian Bridge.

Speaker 2 (36:45):
As we talked about on yesterday's show, a senior police
officer has managed to keep his job despite a finding
by the IPCA that he hit his children with a
belt on three separate occasions. Police never laid any charges
over the incident due to a lack of evidence, but
the Auckland University law professor Kenahan told us yesterday that
it seems like there was some evidence.

Speaker 17 (37:04):
I mean, obviously Orange Tamaarriky got evidence from the children
talking to them. They said it happened, So I don't
see why they couldn't use that. I mean, even though
it's it's secondhand to some degree, the children did say
to ring a tack. That's why the ringer, Tamrick knew
about him and still thought the children were safe.

Speaker 2 (37:19):
Mike Johnson's the police assistant commissioner High Mike Ryan. Why
wasn't he charged?

Speaker 5 (37:26):
Oh?

Speaker 18 (37:28):
If I could just say, I mean opening police don't
ever condone police star or anyone else poticlarly disciplining children.
It amounts to a criminal offense and it's unacceptable. Obviously,
if there is admittible evidence, least will them prosecute. In
this case, the evidence that was available to police wasn't

(37:54):
able to be induced in court. There that I'm I
heard your intro with your law professor, and just to
make a comment on that, we had legal opinions in
this matter that advise a senior panel who decide on
whether police are charged or not, that this evidence was

(38:16):
inadmissible in this case due to the circumstances of it.

Speaker 2 (38:20):
Okay, understand that are you happy to have a colleague
in the force whose kids said that they got hit
three times with a belt.

Speaker 18 (38:30):
So what I would say to that, Ryan, is I
expect an extreme as to does the commissioner and the
other police expect a very high standard from our officers?

Speaker 3 (38:41):
Is that high in this case?

Speaker 18 (38:42):
That's sorry, in this case, that standard has not been there.
This matter was then when we received that legal advice,
was then moved into the employment space, and there has
been a sanction in the employment space. And that's as
with any other employer. I can't go into the details

(39:05):
of the specific details of that. So you are answer
to you.

Speaker 2 (39:10):
You obviously think he did do it, otherwise there be
no sanctions. So I guess the question then becomes you
started this interview by saying that it is never acceptable
and never okay to hit your kids, and yet you've
got a police officer who you believe has had as kids.

Speaker 18 (39:25):
Well, there is admissible evidences that challenge is this or
a criminal charges and the legal opinion did not support that,
and that ever said, it went to a senior panel
for aview. The employment investigation by and decision maker was

(39:48):
an independent from that district and was of a senior
level also, and the decision maker came to the decision
around the level ends of the sanction imply.

Speaker 2 (40:04):
So a senior group of police officers decided that something
happened because he was sanctioned, but not enough. Hatching three
times with the belt not enough to warrant losing your job.

Speaker 3 (40:19):
But the senior.

Speaker 18 (40:20):
Panel roight, just to be clear, relates to the criminal
the ability of the availability of evidence, and where we
got to in relation to the criminal matter. It was
then passed to another officer, a decision maker, and an
employment investigation, which is where we ended up in this.

Speaker 2 (40:39):
Matter, right, And they determined that the smacking your kids
wasn't enough to get fired.

Speaker 18 (40:46):
They determined that outcome in this case. I'm limited to
what I can say in an employment space.

Speaker 2 (40:52):
Ryan, in this manner, okay, fair enough, I guess you know.
Come back to your comment at the start of this
interview that it's never okay to do, and yet he
is remaining as a police officer. Is there more to
the story that we're not aware of? Was it a
light tap? Were the kids about to run on the road?
I mean, whether they're mitigating circumstances or something that you
can let the public in on so that they might

(41:14):
better understand the reasoning here.

Speaker 18 (41:19):
What I can say in this matter is this was
carefully considered. What I slut stand by my statement at
the opening of our discussion, Ryan, and the.

Speaker 5 (41:35):
Outcome.

Speaker 18 (41:36):
I suppose in that inflinent space the decision makers felt
was appropriate in the set of circumstances, and we weren't
able to bring charges in the criminal arena.

Speaker 2 (41:48):
One of the reasons that you weren't able to do
that is because the police officer in question prevented his children,
didn't give them permission to give you evidence to give
a statement, and he wouldn't speak either. So I guess
in that case you've got no evidence. Right. How do
you get around that situation in the future? Do you
need more powers to compel or something.

Speaker 18 (42:10):
We need to think about some of those options in
and around those not just for officers. This is the
same evidential rules and law applies to police officers as
much as it does to any other member of the public.
The officer acted within is right, and therefore we can't.

(42:34):
We don't have the right to compel anyone to be interviewed.
And then there's some complexity around children also.

Speaker 2 (42:43):
As in the parents decide on their behalf.

Speaker 3 (42:47):
Someone. Yes, okay, all right, Mike.

Speaker 2 (42:51):
Thank very much.

Speaker 18 (42:51):
This is can I just round out Ryan? Thank you
very much for your time. Look, this is difficult for us.
Is ant stable and if we have reached an evidential threshold,
we would have acted in a different way.

Speaker 2 (43:07):
All right, Mike, I appreciate your time. That's Mike Johnson.
He's the Assistant commissioner at Police. Time is sixteen minutes
after five. Coming up next, Why your child? If you're
sending a kid to school this year, your principles were
expecting a surplus of teachers. Why all of a sudden,
we've now got a deficit. We're now looking at a
shortage of twelve hundred and fifty. The PPTA is obviously
not happy. They're with us live next. It is nineteen

(43:29):
alf to five on news Talks. There'd be great to
have your company this evening, So let's go to our
education show. Were more troubling data from the education sector.
So the ministry now projecting that schools will be short.
This is a midpoint of their projections. But twelve hundred
and fifty teachers short between twenty twenty five and twenty
twenty seven's quite a dramatic change, with the last report
in twenty twenty three projecting a surplus. Chris Abercrombie is

(43:52):
the president of the Post Primary Teachers Association. Chris, good
evening to you. Good good, thank you. So we've got
more immigration coming up where we've got teachers who are
leaving or we've got attrition going on, so we've got
a shortage. Is that surprising?

Speaker 5 (44:08):
No, it's not surprised, and it's something we've been saying
for a long time and we got pushed back from
the ministry because they said their data didn't show this,
and it turns out their data was wrong. So I'm
glad that we're all finally on the same page about
this issue.

Speaker 2 (44:19):
We had so many kids coming in with their parents
is as migrants during those booming post COVID years. That's
kind of led to this, right.

Speaker 5 (44:28):
There's been significant great in that and from that migrant
group all across the board. It's just not a an
Aukland issue. And nearly every school a visit they'll talk
about an increase in ESO English as second language students.

Speaker 2 (44:40):
Does that make life hard teach life harder for teachers?

Speaker 5 (44:45):
In a way? Yes, because more supports needed for those students.
But these are some great students who are doing amazing things,
but it does take more to upskill them in our system.

Speaker 2 (44:54):
Hey, Chris, you know what else this report says. It
says that the other issue we've got is increased classro
and release time for teachers. Why don't teachers just stay
in class?

Speaker 5 (45:04):
Well, one of the key things that was negotiated in
the last collecting rounds was about release time for partial care.
For scendary perspective, and because we know that our students
are coming with more complex needs and schools are increasingly
being asked to support them, and so we need to
take time to do that so we can actually focus
on the teaching and learning. So we need to give
time to those people to help those young people.

Speaker 2 (45:24):
So what is that you take time out of the
class to help one or two students. Is that what
you mean?

Speaker 5 (45:30):
Effectively, it says they're called partial care allounce So deans
for instance, may have more time to support young people
with more complex needs, senior leaders, et cetera could have
more time to support them. So those teachers, unfortunately won't
be in the class because they're having to support these
young people.

Speaker 2 (45:46):
Chris, thank you very much for your time. Chris abercombi
PPTA president. Sounds like a bit of a recipe for disaster,
doesn't it. Twenty two minutes after five on News Talks,
abot what I think? What I really think about those
Chinese ships?

Speaker 1 (45:56):
Next on the iHeart app and in your car you
drive home, it's Ryan Bridge on Heather Duplicy Alan Drive
with one New Zealand let's get connected news talk sa'd
be five four.

Speaker 2 (46:09):
This business about the Chinese ships off the coast of Sydney.
We had Judith Collins on the show yesterday about it. Yes,
they are highly capable and equipped vessels. Yes they are
off the coast of Sydney. Yes they didn't tell us
they were going to be there. But they are in
international waters. The US and our allies often travel coast
to China and it's contested islands in the South China

(46:30):
Sea and elsewhere. We can't exactly kick up a big
stink when they do the same down here right. In fact,
you could even say we've been provoking them with such
a move. We had the hmnzs altered sailing through the
Taiwan straight alongside the Australian vessel Sydney back in September.
These are highly contested waters, very sensitive for the Chinese.

(46:54):
This is all just I think, a bit of a
tip for tat. It's look at my ship. I can
sail where I lie. I used to live in China,
in Beijing of all places, and people often ask me,
what do you think it is that they want the Chinese?
Why are they using checkbooks to buy countries off, Why
are they trying to revive this old Silk Road trade route,

(47:18):
Why are they trying to dominate economically with huge subsidies,
huge investment for these Chinese firms all around the world.
And the answer, at least from what I gleaned when
I was there, is respect. They want to be respected.
They felt humiliated after the war. They have not forgiven

(47:38):
the Japanese for the way that they were treated. There's
a lot of anti Japanese sentiment in China and they
will never let themselves be weak again. So every time
I hear about a ship, every time I hear about
another infrastructure project, I think, yeah, that's China out for
respect and bread rich six minutes after five and it's

(48:01):
great to have you with me. Lots of texts on
the police and the issue of potential child abuse, also
students and teachers and the shortage that we're about to
face in the next couple of years. Ryan, teachers didn't
want extra time out of the class. That was a
weird negotiation from the union. And that's coming from a teacher.
Twenty seven after five nour News is next.

Speaker 3 (48:30):
We needed a stile.

Speaker 12 (48:35):
Just up a were a woman I love.

Speaker 3 (48:40):
We needed a stickle.

Speaker 1 (48:41):
On getting the facts discarding the fluff. It's Ryan Bridge
on hither dup see Ellen Drive with one New Zealand
let's get connected news talks.

Speaker 3 (48:53):
That'd be.

Speaker 2 (49:05):
Good evening twenty five minutes away from six year on
news Talk ZEBB. Speaking of Abra Cadabra, how did Genesis
Energy just Abra Cadabra a seventy million dollar profit that's
up eighty more than eighty percent on the same six
month period from the year before. We're going to ask
them after six o'clock this evening they're on the show.
They also took a hit from gas to the tune

(49:27):
of sixty nine million dollars, so we'll talk to them
about that as well.

Speaker 19 (49:30):
It is I'll tell you what Ryan Sieguang from a
Lady Gaga song to a serious business story that is superb. Mate,
very well done on that one.

Speaker 2 (49:37):
Well, thank you. I'm nice to see you paying attention.
There ends twenty four.

Speaker 3 (49:40):
Away from six, Ryan Bridge.

Speaker 2 (49:43):
Right, we're going to the right. I know what we're doing.
Now you've you've made me blush ants heaven't you? Sorry?

Speaker 19 (49:50):
Should I start with the sting again?

Speaker 6 (49:51):
How?

Speaker 3 (49:52):
Ryan Bridge?

Speaker 2 (49:53):
Thank you? Tiatstar. MP Phil Twyford is calling for Destiny
Church to be struck off the charities register. The at
fild Trips pended the letter to the charities regulator alleging
wrongdoing over the library protests. He's suggesting they should lose
their tax deductibility status. Dr Michael Goomet is an independent
researcher specializing in charities and he's with me this evening.

Speaker 6 (50:15):
Hi Michael, good evening, Ryan.

Speaker 2 (50:18):
So what do you have to do to get struck off?

Speaker 6 (50:21):
Well this is back up a week second. Just so
happens that I also wrote a letter to the press
yesterday which they haven't published. I hope they've published it tomorrow.
And this is what I said. I don't need charities
like these bullies on our charities register, as they taint
the sector with their Unchristian behavior. So that's the first thing.
What are we dealing with here? What exactly does still
mean when he says as a Destiny church? So can

(50:44):
I just give you all readers a little bit of
background to this, because there's more than one Destiny Church
in New Zealand. In fact, there's twenty five on the register.
Here's the thing. So far, six of those churches have
been deregistered already because they hadn't filed there in the returns,
and that's what happened. Another seven, heaven had got themselves

(51:05):
removed from the register. Resume it because I don't want
the public scrutinizing their financial statements. So we've got fourteen
entities there that have already been removed from the register.
So it leaves you eleven entities behind the one. Fel says,
let's be register the church, the Destiny Church. What are
we looking at here? That there has been reference to
the New Zealand Trust, which hasn't filed any financial since

(51:26):
twenty twenty two. We let's have a look at the
New Zealand Trust. What does its indeed say? It says
that their function is to accept guidance and support on
Destiny International Trust as a networking body of Destiny Church.
It's the Destiny International Trust. Yes, what that got deregistered
in twenty twenty two, So you know, what have we

(51:48):
got left to do? Register?

Speaker 2 (51:49):
I guess the question that people want to know from
you is what do you have? So you don't file
a return, you can be deregistered. You don't include enough
detail in the return, you can be deregistered. Can can
you be deregistered for being a thug?

Speaker 8 (52:03):
Not?

Speaker 6 (52:04):
As such? What you going to prove a serious wrongdoing?
And that's specific. And there's an excellent interview with Lisa
on Ray in his Zealandess Afternoon with filth And the
issue that we're all aware of is this concept of
serious wrongdoing.

Speaker 3 (52:17):
Now I know for my own exp does it mean?

Speaker 2 (52:19):
What does it mean that coming to?

Speaker 6 (52:22):
That's what I'm coming The concept of serious wrongdoing is
very very hard to prove. I know that from my
own experience dealing with badies. But any right thinking person
can see that what Destiny is up to as well,
beyond the pale and the way that they.

Speaker 2 (52:39):
But wrongdoing is that financial wrongdoing that they're talking about?

Speaker 6 (52:43):
Well, that's one of the issues, but there's no evidence
of that at this state. What we're talking about is
just fears wrongdoing in the sense that these people are
behaving and that sounds good.

Speaker 2 (52:53):
She washing. Michael. That's the problem because if the law
says it's serious wrongdoing and it's referring to financial man
then that is one issue. But if the law says
you can't just do register of charity because you think
they're a thug, then you might run into some problems. Michael,
I appreciate you coming on the program. Thank you very
much for doing so. That's doctor Michael Goomeh who's the
independent Research of specializing in charities. The time is twenty

(53:15):
one minutes away.

Speaker 1 (53:16):
From six the Friday sports Huddle with New Zealand Southeby's
International Realty, local and global exposure like no other.

Speaker 15 (53:29):
I want it's approved because I knew you've done it,
say that I could be one of the best in
the world. And this is to prove for myself that
I belong at the top.

Speaker 3 (53:36):
So let's get it on. Let's bang bang bang.

Speaker 20 (53:39):
You know, it's about learning how to put yourself in
comfortable positions, failing a lot and Ultimately, you know you
will make it because that resilience that you're built up
will be just invaluable.

Speaker 8 (53:49):
That's it.

Speaker 21 (53:50):
It's all over.

Speaker 1 (53:51):
Henry does the job and New Zealand win this match
convincingly by sixty runs.

Speaker 21 (53:57):
Spen a polished performance.

Speaker 2 (54:00):
You're on news Talk to b It's time for the
sports hitled Jim Kay's and Darcy Audigraver here. Good evening, gentlemen,
Good evening. Good to have you guys on mister Kay's.

Speaker 8 (54:09):
Hello, Hello, Ryan.

Speaker 2 (54:11):
Hello, hello hello. Right, so we've obviously had a fantastic
opening weekend for Super Rugby. Jim will start with you,
are you expecting the same this weekend?

Speaker 3 (54:22):
Well, I hope the Blues get up.

Speaker 16 (54:23):
It's not that fantastic open the weekend rhyme when the
Blues don't win. But yeah, look it was a fantastic weekend.

Speaker 3 (54:30):
You're right.

Speaker 16 (54:31):
They got the drawer right. There were some great derbies
first up, and there are some great derbies again tonight
Chiefs versus Crusaders and then and then obviously you've got
the heart of this versus the Blues. So yeah, getting
the drawer right is a big part of it. And
having typed i think last week the widest gap in
margin was eleven points, so you know that says something

(54:54):
about it too. So there's a few things that are
working in there, and Super Rugby seem to get off
to a really exciting start and let's hope it continues.

Speaker 22 (55:01):
This weekend would have been more exciting if the Blues
hadn't decided to stop playing in the second half of
that game, Jim. That was quite upsetting from a Blues
point of view, Like I was there watching it in
the so called bomb squad that got let loose, and
look the Chiefs through Damie McKenzie, they just didn't give
any opportunity or option for the Blues. That was quite overpowering,

(55:23):
quite overwhelming looking at that. But I think what we
like about the next round you messed with the Derby's
their key to get eyeballs on screens and backsides on seat.
That's how you want to start things off. And we
look at the two of the unbeaten teams from last weekend,
the Crusaders, and I'm sure no one already saw that
one coming unless you died in the wall fan like
I am. Up against the Chiefs and that rivalry that

(55:44):
they've got is already rigid, it's already quite intense, but
both unbeaten coming together to try and go till on
the bounce that's got so much on it, that's a
great way to get underway in the weekend.

Speaker 2 (55:55):
He starts, and yeah, a couple of hours away. Hey,
Phil Gifford has done a piece which I found quite
interesting talking about the tactical subs. And I want to
know what you think, Jim, because I think are there
eight swaps you can do at the moment? He says
there should be none? Is that an extreme view or
are you with him?

Speaker 16 (56:14):
I'm kind of with him. I think that what Rugby
has missed in the last or since the game. We're
professional and the athletic got bigger, stronger, faster is fatigue.
So when you don't have fatigue, particularly in the last
twenty minutes, you don't have the gaps opening up, the
spaces opening up, those sorts of things. So perhaps what
Filler's alluding to there is the need to bring fatigue

(56:35):
back into the game because the field is a lot
smaller now with the bigger, stronger, faster, fitter athlete. And
I'm one hundred percent behind him in that regard. If
there is a way that you could limit the amount
of people that come on to the field to the subs,
then that would be great. The problem is how do
you do that because coaches are cunning and they'll just

(56:58):
say that people are injured. So you want to keep
it legal, you want to keep.

Speaker 22 (57:02):
It it's limiting, it's not eradicating. Because yes, they're fatigue
issue is all well and good, and you understand that
these guys get destroyed. But also it's a big professional
scene and they need to have a lot of players
on board. They need to keep people employed, so they
want to keep people in the game, so they want
able to row take through. I think the trick around

(57:24):
this is more yes, well, the different parts of the
team in the front row and the locking and the
loose forwards and side and so forth. They can turn
those over reasonably rapidly. But Jim, it comes to me
it becomes more like chess, and the fact that it
means it's a group game. We've got to understand when
to use them, how to use it, what is the

(57:44):
best opportunity's second guess for opposition. So it's had more
of a coaching cerebral touch.

Speaker 16 (57:50):
But if you're a fan. If you're and everything should
be decided around the fan. Everything should be fan centric.
If you're fan centric, what do you want? You want
exciting finishes, You want athletes who have to be superbly
fit and have to be able to hang in there
till the end. I just think that all sports, and
rugby in particular, should put the fan at the center

(58:12):
of every decision that they make. And if it's in
the fans interest to have fewer subs than I think,
go for it.

Speaker 22 (58:18):
But for tea games, for reckless MESSI football at the.

Speaker 2 (58:21):
Game's a good game, We're will go to the breakdowns.
We're gonna go to the break We'll come back in
just a second, speaking of tactical subs. Sixteen minutes away
from six News Talks, they'd be the Sports Huddle.

Speaker 1 (58:31):
The Friday Sports Huddle with New Zealand Southeby's International Realty
Elevate the Marketing of your Home.

Speaker 2 (58:38):
Jim Kays and Darcy Walter Grave on the Sports Huddle tonight.
Welcome back, guys. Joe Parker has just lost his opponent
to illness. Now he's got a new one, Darcy, you
spoke to him last night. But this was just before
it was all announced.

Speaker 22 (58:51):
It all went down, sounded all pretty good, and then
I'll wake up in the morning and as Piccoli's in there.
Because Dubois paul A SICKI, there's not really any details
about what happened. He's more sinister underlying thought to why
he pulled us sick in what's lined up from next,
But that's unfounded, so I won't move into that. But
the guy Byccoli, who he's coming up against, he's from
the Congo's Congolese. He's ranking the top five by most

(59:14):
of these divisions. You get that he's a good fighter,
he's a big man. But what Eddie Hearne has said
he's been in the Congo, he hasn't been doing a
great deal of work and he's likely.

Speaker 8 (59:25):
To get gassed.

Speaker 22 (59:26):
He's not exactly the fittest guy in the world now.
Joe's fit and Joe's patient now, so he'll take it
a lot longer than I think Martin is comfortable with. Plus,
and there's the advantage he's.

Speaker 2 (59:37):
Just flown in from the Congo. Literally in the last
forty year he camp for three weeks, so there's a
bit of an advantage there. Jim why presumably he's been
paid a great sum of money to be there, Joseph Parker,
and this is not a title fighting anymore, but presumably
that's why you stay in it, right.

Speaker 16 (59:54):
Yeah, absolutely, And you know there's a whole of things
that go that television rights and those sorts of things.
You can't sort of back out of these things easily.
And they're found in an opponent and he's going to
have to step up and fight the guy. I mean,
boxing is shambolic often, isn't.

Speaker 3 (01:00:09):
It, And this is just this is just.

Speaker 16 (01:00:11):
Another example of it. But you know, Joe's going to
have to fight this guy. And I think the thing
for Joseph Parker is, you know, is he putting his
reputation that risk here? Like how much of a threat?
Because if you get knocked over by a bloke who's
who's the last minute ringing, what does that say?

Speaker 22 (01:00:29):
He's reading though quite highly in most of these places,
so he's ranked yeah four or five.

Speaker 13 (01:00:34):
You know.

Speaker 16 (01:00:34):
Point My point is, as you said before, one guy
has been in training and in camp for a long time.
The other guy is just stepping off the plane. So
you do put your reputation at risk, you know, obviously
I hope Joseph does well, but it is it is
a significant risk.

Speaker 2 (01:00:48):
But is that why it comes down to money? Because
someone told me he was being paid ten, ten, maybe
twenty twenty million dollars? Is that that's for one fight?

Speaker 8 (01:00:59):
Money?

Speaker 2 (01:01:00):
Think of this way, But you wouldn't be walking away.
You could punch me as many times as you like.

Speaker 22 (01:01:04):
Aren't you d near gonna deal with the Saudi royal family?

Speaker 8 (01:01:09):
No?

Speaker 2 (01:01:10):
Sure when we know where that ends.

Speaker 16 (01:01:12):
Listen to us three blokes who would never get in
a ring?

Speaker 6 (01:01:16):
Correct?

Speaker 2 (01:01:17):
Hey, will Young? Should he get in the ring? Should
the black Caps put him in the ring? This is
some you know the batting lineup. He's done so well,
but then you know, what do you do? Darcy?

Speaker 22 (01:01:27):
Will Young is like the Matt Henry. Matt Henry played
second fiddle to our fast bowlers for a long time,
and he performed admirably, and then when his time came,
which has now suddenly, he's turned into the spearhead and
all of that work that he's done is now coming
to the fore. I see Will Young very similarly to that.
He's been there as a reserve guy. He comes into
cover Williams, and he comes into cover for Revenger, he

(01:01:49):
comes into cover people, he creates a lot of runs.
He looks extraordinarily comfortable to the man of Born. So
when he does get his chance and there is room,
he will take that. So it might not be this
time around Devin Conway touch and go on the field
not looking one hundred percent happy, And as Dylan Cleaver
pointed out in his Bounced newsletter, it looked like will

(01:02:12):
Young was batting on another surface. He looked imperious.

Speaker 16 (01:02:16):
Jim, here's a question. Oh, I can't even believe I'm
going to say this. When do when do we get
to a point where certain Williamson is the name that
we're discussing. Not for Test cricket. He would be in
written in an ink for any Test cricket eleven. But
for the shorter versions.

Speaker 3 (01:02:34):
Of the game.

Speaker 16 (01:02:36):
Do we go for the people who are more natural,
you know, bashes of the ball than it came.

Speaker 22 (01:02:42):
This was often said about him first up about his
short version game about T twenty one day cricket. I
think you look at his record, Jim McKay's go to
your room and thinking about what you just said.

Speaker 16 (01:02:52):
I know, I know, I almost feel like I shot
Bambi by saying that. So I do apologize. I do
apologize to the nation. But I wonder, like you know,
every every sport, every team has succession and turnover, and
even the great Richie McCall, Dan Carter, Darryl you know,
all sorts of people that had to step aside. When
do we get to a point where Cain Williamson is

(01:03:14):
a Test cricketer and not a T twenty or a
fifty overs men.

Speaker 22 (01:03:18):
I'd say that's his decision and no one else's.

Speaker 8 (01:03:20):
Gym.

Speaker 2 (01:03:21):
Wow, that's true, you've been told Jim. Hey, thanks guys.
I'm just hoping there's the more streaking this weekend. Just
on a personal note, I you.

Speaker 22 (01:03:30):
Should get engaged in strolling. And that's what a brave
man does. He gets naked and he walks casually across
the field, not.

Speaker 2 (01:03:36):
Afraid of anyone or anything.

Speaker 16 (01:03:37):
And players should be allowed to tackle them. Players should
be allowed to tackle you. You fun an arena of collision.
You should be prepared to get king hit by some
of the biggest, strongest people in the country.

Speaker 2 (01:03:50):
Actually, that might be the thing that puts them off.
Could I mean imagine the concussion?

Speaker 22 (01:03:54):
Well, you mean there's a streak of years ago in
a cricket match and he got smacked on.

Speaker 8 (01:03:58):
The backside with a bat.

Speaker 22 (01:04:00):
It's by one of the Australian bats.

Speaker 8 (01:04:02):
I think it was Green Chapel. I think it was
way back in the day.

Speaker 16 (01:04:06):
You wait, Coim on the bucket that Simon's has done it.
David gow has done it with a cricket bat.

Speaker 2 (01:04:11):
Really, you'll be right. Need someone with a bag hang on,
but maybe that's why you don't get as many streakers
at the cricket. They just need a hard enough.

Speaker 16 (01:04:20):
Patrick two below to a tackle. That guy wouldn't come
back for seconds?

Speaker 22 (01:04:23):
Would you keep what you say about streakers hardening up?

Speaker 2 (01:04:26):
Ryan's all right, Darcy Jim, thank you. Enjoy the weekend
of Sport seven to six News Talks MB.

Speaker 1 (01:04:36):
It's the Heather Duplessy Allan Drive full show podcast on
my hard radio powered by News Talks EBB.

Speaker 2 (01:04:44):
News TALKSB. It is four minutes away from six and News.
This is a I hate to say I told you
so segment, but I did sort of predict this, and
actually I shouldn't say. I shouldn't start by saying that,
because it makes it sound like something that's hard to
predict this not hard to pred it whatsoever. This is
in the United States. So Trump is introducing the tariffs

(01:05:04):
on aluminium and steel in the United States. And so
what has happened as a result of this, because it
doesn't come in until next month, you see what's happened
as a result of that is a big metal buy
up is happening. People are stop piling before the tariffs
come in. So when I say I predicted it, it's like,
not that impressive, actually, But what is interesting is where
and how much is involved. So sixty percent of all

(01:05:27):
of the steel that they use in the United States
is imported, so it's going to have a huge impact.
It's not a small number. Mainly it goes to car manufacturing.
It goes to your coke cans, your bear cans, all
that kind of stuff. And what they're doing, what they
think they'll do, is start buying more from the lights
of China, where it's a bit cheaper, rather than Canada

(01:05:48):
where it's a bit more expensive. But here's the interesting
part that last time Trump put the tariffs on, because
you would think the idea is that you'd boost local production.
The last time in twenty eighteen, when try put the
tariffs on. No increase in production whatsoever for aluminium in
the United States. In fact, still today it is lower

(01:06:09):
than twenty seventeen levels. So it didn't really do what
he said it would, did it? Three to six?

Speaker 3 (01:06:14):
Imy Jane, I'm only buddy Army j keeping track of
where the money is flowing. The business hour with Ryan.

Speaker 1 (01:06:28):
Bridge hands insurance and investments. Grow your wealth, Protect your future,
U s talk said, be good evening.

Speaker 2 (01:06:36):
It is six half to six. Great to have your company.
Barry Soaper shortly wrapping the week in politics, Walmart's alarm
bells has the markets reacting. We'll get to that story.
Plus we're in Hong Kong and in London where the
former boss of the military is sounding alarm bells about
Ukraine right now. Energy company Genesis almost doubled its half
year net profit to seventy point three million dollars after tax.

(01:06:58):
The wholesale power prices rose dramatically last winter. We all
know this the winter energy crunched this response to dry weather.
Genesis runs the coal and gas fired Huntley Power Station,
which backs up the hydro dominated National power grid when
the lake levels are low. Genesis chief executive Malcolm John's
is with me. Hi, Malcolm gooday? HOI are you yeah?

(01:07:19):
Really good? Good to have you on the show. Look,
shareholders will, no doubt, including the government, so I guess
all of us in a sense, we'll be happy with
that with that number going up, but perhaps not so
much your customers. How do you view it?

Speaker 21 (01:07:33):
Well, our customers were largely protected last winter. I mean,
I think it's important to remember that about ninety nine
point nine percent of electricity customers didn't experience the volatility
of July and August because many are on fixed term contracts.
But you would expect in a dry year for Genesis
to produce more electricity. We produced about thirty percent more

(01:07:57):
electricity last winter than we did the winter before, So
it kind of flows. When the lakes are low and
Huntley's turned on to its full capacity, we produce more
electricity and we expect to have more revenue and more
profit as a result.

Speaker 2 (01:08:09):
How much extra col did that mean?

Speaker 21 (01:08:13):
We burnt as a country about eight hundred thousand tons
of coal last winter, and I think it's important to
remember that not only do we have a hydro system
to back up, but we now have one thy four
hundred megawatts of wind. And not only do we have
no rain last winter, but we also had a large
period of wind routs. In fact, the wind dropped out

(01:08:34):
for about ten days at one point last winter. So
as we build more wind into the system, wind is
going to become more as relevant as hydro is.

Speaker 2 (01:08:45):
So you're saying to people, because there were a lot
of people listening, he'll think, well, how are you managing
to increase in net profit by eighty percent? You said,
obviously you were doing more. You know, you were producing
more through Huntley because there was a shortage in other areas,
but you were your mark engines increased.

Speaker 21 (01:09:01):
No, it's a pure result of producing thirty percent more electricity,
and so we sell that that excess electricity onto the
other generators who aren't generating as much themselves because the
lakes are low and the wind wasn't.

Speaker 2 (01:09:16):
There the stockpile that you'll need in terms of Huntley.
Do you know how much longer we will need coal
at Huntley or is that something that will need to
happen indefinitely? And what you're going to look to do
this year, Well.

Speaker 21 (01:09:31):
The system will need Huntley generation for probably the next
twenty five years. But not in its current form. So
the generating assets that Huntley can run on multiple fuels,
and what we're focused on in the next three to
five years is fuel transition, So we're heavily involved in
standing up a domestic biomass supply chain which turns wood

(01:09:52):
into torrified palettes. We can run torrified palette through Huntley
Power Station and create a zero carbon cycle as opposed
to using coal. But the reality is without the gas
in the system, and that was the big shock last winter.
We had to use coal because we had no other
fuel available, and until we have bio mass, we'll have
to use coal as a fuel of last resort.

Speaker 2 (01:10:13):
In other words, you don't see gases are reliable going
forward as a reliable alternative.

Speaker 21 (01:10:20):
It's very difficult. At the moment, gas was the chosen
transition fuel, very difficult to see it that way at
the moment. The structural decline in gas last year called
everybody by surprise. And at the moment we don't have
any publicly announced new gas coming into the market, so
the gas market is likely to remain quite volatile and expensive.

Speaker 2 (01:10:44):
So even with the government's announcements and the initiatives and
the reversing the oil and gas band, et cetera. That
stuff too far in the future for you to give
you any relief in the near term.

Speaker 21 (01:10:55):
Well, I think we're at the point now where we
as a company have pivoted to move gas out of
our generation our baseload generation profile, simply because we don't
see any new activity happening at the moment. So we've
got no proof points to say that gas will be
there in the future, and it's declining at a rapid

(01:11:16):
rate at the moment.

Speaker 2 (01:11:17):
Does what does that mean? You mentioned you want to
transition from coal to biofuel at Huntley without getting gas involved,
So does that mean that that process will take longer?
When do you expect that you might be able to
be coal free there?

Speaker 21 (01:11:32):
We're hoping that we'll have our first meaningful biomass supplies
by twenty twenty eight, and that we'll be running predominantly
on biomass by around two thousand and thirty. In an
extreme dry year, we're possibly still going to have to
use some coal. But to give you a sense, every
year the felled logs in New Zealand could generate roughly

(01:11:54):
a quarter of all New Zealands generate electricity. Today so
the forest of New Zealand represent a huge opportunity for
a zero carbon cycle generation option to back up wind
an hydro this idea.

Speaker 2 (01:12:11):
The labor's been floating actually quite loudly this week about
making the gent tailors reinvest their dividends rather than giving
it to the government. Reinvest the dividends and new generation.
Are you open to that.

Speaker 21 (01:12:21):
Well, we run a dividend reinvestment program now, so any
government at any stage could tick reinvestment and reinvest all
their dividends in genesis at any point we would funnel
that into building new renewables, So obviously we'd welcome that.

Speaker 2 (01:12:35):
So it'd be quite an easy thing to do.

Speaker 21 (01:12:38):
It's just a simple tech on a form and your
dividends go into building new renewables.

Speaker 2 (01:12:43):
Do we need more renewables built?

Speaker 21 (01:12:46):
We do. The reality is that we need a substantial amount,
probably in the order of ten to twenty billion over
the next twenty five years worth of new renewables built.
And and that's because we're going to electrify more and
more of our lives as we go forward over the
next twenty years. So it's absolutely essential.

Speaker 2 (01:13:07):
Is it frustrating them when you get the form back
from the government and they haven't ticked that box's.

Speaker 21 (01:13:13):
That's the decision for all shareholders to make. What we're
really clear is that anyone who ticks the dividend Reinvestment
Form that money will go into building you renewables.

Speaker 2 (01:13:23):
Malcolm, thank you very much for your time. I appreciate
it. It's Malcolm John, thank you, Chief executive at Genesis. Time
is thirteen minutes after six year on news Talks. He'll
be nine two nine too, is the number of text
if you've got thoughts on that. I found that very interesting, indeed,
particularly this idea that they basically don't see gases going
anywhere in New Zealand. And I guess you can understand

(01:13:44):
that because even though the government has been talking very
loudly about the stuff that they're doing with this, it's
more of a long term game.

Speaker 21 (01:13:50):
Right.

Speaker 2 (01:13:50):
Barry Soaper is here with politics.

Speaker 1 (01:13:51):
Next, it's the Heather Duper c Allen Drive Full Show
podcast on iHeartRadio, empowered by News Talk Zebbie.

Speaker 2 (01:14:00):
Six sixteen News Talk z B. Let's take a look
back at the week in politics Barry Soap as he
has senior political correspondent Geto.

Speaker 8 (01:14:06):
Barry Hello again right.

Speaker 2 (01:14:08):
Now, stats nd z. The boss has fallen on his sword.
So much to talk about from this week, by the way,
big political week, but we'll get straight into it. So
we've got the Maori Party, it's so far unscathed by
this report. But stats end z boss on the way out.

Speaker 8 (01:14:23):
Well, yeah, the stats ends z Boss. I think he
probably did the right thing, but it was expected of him.
I think Brian Roach, the new State Services Commissioner, made
no secret of the fact that he did the right thing,
which suggests to me that he had no option. But
as far as the Maldi Party go, we see John

(01:14:44):
Tammaherdy in his selective interviews that he gives did admit
that some census forms had been photo copied at the
Morai that was at the center of all this that
saw the Chief execut of the my making it into
Parliament with a majority of forty two over Penny Henard.

(01:15:07):
And why they photo copied them is anyone as gis.
But the bigger question really is how come a mara
at the center of a political I guess not only
data base but power base was a polling booth at
the last election, which seems extraordinary. The electoral officers apologized

(01:15:32):
for that, but there's no excuse. We've really got to
have clean elections in this country. We've got to as
Brian Roach said, it cut to the heart of democracy.
This whole issue where confidential information could have been and
I only say could could have been used or misused
by a political party. The police are looking at that,

(01:15:54):
so too as the Privacy commissioners. So there's more to
hear on this particular.

Speaker 2 (01:15:58):
Matter because as you say, at the moment, we don't
know what we don't know. We know we have the data,
we gave the data away and then we don't know
what happened to it.

Speaker 8 (01:16:06):
No, and you know you have to worry really if
you know, when you fill out of scenes as form,
you give a lot of material there that you wouldn't
want cheer around. Although I've got nothing to hide, I
couldn't care less. No.

Speaker 2 (01:16:19):
But the irony of this is the people who they
are trying to contact a lot of the times through
the types of people who are a bit distrusting of
government because they have a back door open with their data,
and all they've done is in trying to solve that
problem is actually exacerbated in the first place. The automatic
pay rises for the public servants, well, a few of

(01:16:39):
them don't deserve one this week. But the automatic pay rises.
We chatted about this the other day, Barry. Yes, who
in the private sector would be getting an automatic pay rise.

Speaker 8 (01:16:50):
To such exactly no one. The PSA are jumping up
and down about this, saying that their members, most of
whom are public soervants. What they all are, you know,
they deserve to have yearly increments in their pay well,
you know, providing they're good at their job, yes, give

(01:17:11):
them a pay.

Speaker 3 (01:17:12):
Right if they're not.

Speaker 8 (01:17:13):
I mean, when you look at the pay bill to
the taxpayer last year, six point five billion dollars for
the public service wage packet up by five point six percent.
Now under national, under national, that's exactly right. Because now
you've got Brian Roach. Thank god they've brought old Brian

(01:17:35):
on board because he's looking at a number of things,
and it's like the chief executives of the public service
as well at the moment they're appointed by him as
the Public Service Commissioner. But Luxin has suggested this week
and Art suggests there are major changes coming in the
public service where you've got very talented people working but

(01:17:58):
aren't getting the ignore knowledgement that they deserve. And you've
got public servants in chief executives' positions that have simply
been promoted through the ranks and one person tends to
appoint them. Well, you know, maybe cabinet should have a
bigger role. People would say that's politicizing the public service. Sorry,

(01:18:20):
the public service.

Speaker 2 (01:18:21):
Has already politicized itself. Luxon and Judith Collins on this
show last night said that they would increase defense spending
closer to two percent of GDP. They haven't said, obviously
how long it might happen to get there. The only
clue we've got is this fifteen year defense plan that
they haven't dropped yet. Perhaps in that they might suggest
it will take us fifteen years together.

Speaker 8 (01:18:43):
I think that would be the safest bet, actually, Ryan,
when you look at New Zealand's defense spending, it's just
over one percent GDP, so they're going to have to
double it, and who only knows what period of time
there are you know, other politicians that say we should
be spending more, but you know, that's a massive pat

(01:19:05):
budget for a country like ours.

Speaker 2 (01:19:06):
And the operating allowance that Nichola Willis has got to
work with.

Speaker 3 (01:19:11):
You know.

Speaker 2 (01:19:12):
True, the whole thing up happens out exactly interesting what
Chris Hipkins said about it this week, he said, oh, look,
you know, we do need to spend more. It's not
about how much we spend, it's about whatever we need
to have, we'll spend the money on. So it sounds
to me like, you know, an empty check.

Speaker 3 (01:19:30):
Yeah.

Speaker 8 (01:19:30):
Well, you know the problem is that when you look
at a country like New Zealand, our role has always,
essentially since the Last World War, been in a peacekeeping
role that does cost a lot of money. But we
had these old land vehicles, lads, why the hell do
we have those?

Speaker 2 (01:19:49):
We could even get rid of them, we could even
sell them no one.

Speaker 8 (01:19:54):
You know, there's been so many mistakes made in defense
procurement in this country that I don't think we need.
We need expertise, and that is in the peacekeeping role
and what have you.

Speaker 2 (01:20:06):
Well, perhaps we should be spending our money on satellite
you know, we've got Mahir, we've got rocket Lab. Perhaps
that sort of intelligent satellite tracking st Maybe that's where
we should be spending exactly it and.

Speaker 8 (01:20:20):
New Zealand should be leaders in that, and we are
good trainers and we've you know, we've been training Ukrainian
troops in Britain mainly, so we are good at that role.
But I think we should really cut our cloth.

Speaker 2 (01:20:35):
Sounds like it. Barry, thank you very much for that,
very Soper, Senior political correspondent. That's the Defense force budget allocation,
according to Barry and I. It's just gone twenty three
minutes after six year on News Talk SEB. Spark is
having a terrible day on the stock market late afternoon
training has been very very bad for them. We'll get
to details on that.

Speaker 1 (01:20:55):
Next encroaching the numbers and getting the results. It's rain Bridge,
the Business Hour and mass Insurance and investments, Grew your Wealth,
Protect your future, can use talks VB.

Speaker 2 (01:21:08):
Twenty six after six News Talks ZB. Well, this is
the Business Hour. And if there's a business you don't
want to be in today, if there's a CEO you
don't want to be today, it is Spark. So Spark
has announced their results. Seventy eight percent fall in net profit,
seventy eight percent fall in net profit. This is for
the first half of twenty twenty five. We've of course
been reporting on a whole bunch of these companies this

(01:21:30):
week a net profit now just thirty five million dollars
for that six month period. They have also gone ahead
today and reduced their full year earnings guidance. That is down,
but they're still paying the same dividend, mind you, she
is now. Remember Spark. We've spoken about this before the
fact that Spark's shares are already down about forty two

(01:21:51):
percent over the last two years. And you think that
sounds really bad. Forty two percent, Well it is really bad.
But today, just in the space of a few hours,
they've gone from that. Their share price has gone to
two dollars thirty two a share now, that is down
twenty one percent. Let me quantify that for you. Twenty

(01:22:11):
one percent drop. Early afternoon, the shares worth two dollars
thirty two. Last night when we went to bed, it
was two dollars ninety three. That means they've gone from
a market cap of five point four billion to four
point two billion. This New Zealand company has just had
more than a billion dollars of its value wiped off
the face of the planet. While we've been sitting around,

(01:22:33):
you know, you've been sitting at home, having a couple
of Beers just gone twenty eight minutes after six here
on news Talk said b We're heading to Hong Kong
and to London after the news.

Speaker 1 (01:23:04):
Whether it's macro, microbe or just plain economics, it's all
on the business hours with Ryan Bridge and Mairs Insurance
and investments.

Speaker 3 (01:23:14):
Grow your wealth, protect your future. These Talk said, be.

Speaker 5 (01:23:17):
Is you feeling down?

Speaker 3 (01:23:19):
Just solemn? Did you have a bay.

Speaker 8 (01:23:23):
Than jod evening?

Speaker 2 (01:23:24):
Welcome to you Friday, twenty four minutes away from seven.
Just a little more on the value of Spark, which
has dropped by roughly a billion dollars on the Stock
Exchange today as a response to its annual well sorry,
hearpierly results seventy eight percent drop in net profit to
thirty five million dollars. Just some commentary around it for you.
Cash generation was weak. The big surprise for investors today

(01:23:47):
was the fact that the operating expenses, which you know
you would think that start hacking into if you are
your share price has been tanking because you're not making
enough money. You think you start raining and cost However,
the big surprise today for investors was the fact that
basically the operating expenses hadn't moved relative to last year
and also relative to how they guided, how they said

(01:24:09):
to the market that they expected it would go now.
This is from Forsyth Bar. The share price reaction today
clearly is a reflection of shareholders being disappointed with the
results and potentially an indication that shareholders have lost a
bit of faith in the current management and the board's
ability to turn it round. Chris Keel is a reporter
with The Herald. He's done a story, it's quite good.

(01:24:30):
He opens with a conversation he has with the chief executive,
the CEO, Jolie Hodson. He says, will we see any
executive changes? She says, no, there are no changes, and
I've got none to share with you. Our focus is
on making sure we're executing at pace. He says, are
you confident in your own position? She says, My focuses

(01:24:51):
one hundred percent on making sure Spark is doing the
things we need to do to address the markets we're in.
There you go. Billion dollars later, it's twenty three minutes away.

Speaker 3 (01:25:00):
From seven Brian Bridge.

Speaker 2 (01:25:02):
Peter Lewis is Asia business correspondent. He's with us tonight,
Hypeter Good evening. Ryan Shi Jinping has had a meeting
with some pretty prominent entrepreneurs this week. What is the
message that he's sending to the business community there.

Speaker 23 (01:25:15):
Well, I think he's sending a message that technology and
private the private sector is absolutely essential to growth in
China going forward, and that if they want to counter
Donald Trump and all his various tariffs, the best way
is to be able to rely on the large domestic
economy that China has and to grow that and to

(01:25:37):
boost consumption. Now, this meeting was very unusual because President
she doesn't normally meet with private sector executives, and in fact,
the last time he did so about four years ago,
that started a clampdown on a lot of private companies
like Ali Barba, like ten Cents, which really hit the

(01:25:59):
share prices of all these companies. They were subjected to
investigations that went on for years for fines, and he
basically took the view that these companies were only allowed
to exist with the permission of the state, and therefore
they were subservient to the states, and that's what really
led to this big crackdown and the demise of the

(01:26:21):
Chinese stock market. Well, that seems to have all changed.
President She seems to be delivering a different message now,
and it was probably highlighted most of all by the
reappearance of Jack Mar, the founder of Ali Barba. He's
really been in exile since about twenty twenty when Ali
Barba got clamped on by Beijing after he criticized the

(01:26:44):
regulators for lack of innovation, and that you may remember
that the Ants Group IPO was suddenly canceled at the
very last minute. It was going to be the biggest
Chinese IPO ever, So he went into exile in Japan. Well,
he reappeared at this meeting, shook hands with President she

(01:27:06):
So it really was very symbolic that Jack Marr was back,
that Ali Barba was back, and these companies were going
to be allowed to prosper once again.

Speaker 3 (01:27:18):
Excuse me.

Speaker 23 (01:27:19):
It's really boosted the share price of these companies. Ali
Barber's up about eleven percent a day following its results
last night. It's risen about fifty percent in just the
last month. I did about one hundred billion dollars in
market cap. But that's being reflected by a lot of
other tech companies that are listed here in Hong Kong

(01:27:39):
at the moment as well, that are really surging right now.

Speaker 2 (01:27:43):
How much of that is to do with the Chinese government.
How much does it do with Beijing needing growth?

Speaker 17 (01:27:50):
Oh?

Speaker 23 (01:27:50):
Absolutely, they really do need to grow their economy. It
is very much in the doldrums. People aren't spending and
consumption international compared with international levels is very low. In China,
it's about forty percent of GDP. Well, in the US
it's more than three quarters of GDP. So they really

(01:28:14):
need to boost their domestic economy, get consumers spending, and
technology is going to be one of the ways in
which that's going to be done, the adoption of AI
and more advanced technology, of green technology. Really, these companies
need to boost those areas and that will feed through
to consumption and economic growth. So these companies are absolutely

(01:28:36):
essential to China meeting its growth targets and being able
to fight back against the Donald Trump's tariffs which have
been put on the country.

Speaker 2 (01:28:46):
Speaking of which, Peter, we've got Trump Beshing is chased
over in the US from the White House about reciprocal terrorists,
and then Mode in India is looking at all of
this and he's actually starting to move He starting to
cut some import Texas.

Speaker 23 (01:29:00):
Yes, so well, India's in an interesting position. I mean,
it really wants to develop ties, cultivate ties with both
the US and with China. It doesn't want to take sides,
and it's been walking this incredible tight rope for about
the last two years now where it's sort of almost
trying to play the two off against each other and

(01:29:21):
benefit from both sides. But it can't really afford at
this stage in its growth to have sweeping tariffs from
the US, and it does have very high tariffs itself
on international goods going into China, for example, into India
on motorcycles, for example, there's one hundred percent tariffs on import.

(01:29:43):
So Trump's tariff threats aren't having an impact. Mode has
been over to see him at the White House. They're
talking about a wide ranging trade agreement and cutting India's
tariffs to make it more competitive, not just for the US,
for other countries to be able to export there and
do business there. Now, that's going to be good for India.

(01:30:06):
I mean, India is one of the fastest growing economies
in Asia, but it needs to keep that going because
it's got a very large population, a lot of young
people who need jobs. So it's absolutely essential that growth
is maintained. Around at least six percent. We have been
seeing eight percent over the last couple of years, but

(01:30:26):
it has slowed off a bit in the last few months.
So it's probably a sensible response to actually try and
reduce its own tariffs to mitigate the impact of Donald
Trump's tariffs.

Speaker 2 (01:30:39):
Peter, Singapore's announced vouchers and tax breaks to help people
with the rising cost of living.

Speaker 23 (01:30:45):
Yeah, there's going to be six hundred dollars worth of
Singapore dollars worth of vouchers. Old people are also going
to get an extra I think two hundred dollars each
to try and boost the economy there. There's an election
coming up later this year, so obviously that's part of it,
and these handouts will hopefully help alleviate some of the

(01:31:10):
cost of living pressures. Singapore is one of the most
expensive cities in the world to live. Housing costs are
extremely expensive, so there is a real cost of living
problem in Singapore that the government needs to address, and
the way it's doing that is through these consumption vouchers.

Speaker 2 (01:31:29):
Fascinating stuff, Peter, Thank you very much for that. Pedal
Lewis Asia Business correspondent with US just gone sixteen minutes
away from seven. We're heading to a very different continent
in just a few moments. In Europe, there is a
big election happening this week and you might have heard
about it. It's the German election, and there's going to be,
at least if you listen to the polls, a huge
shift in that country. Gavin grayle fill us in.

Speaker 1 (01:31:49):
Next, everything from SMEs to the big corporates, The Business
Hour with Ryan Bridge and Player's Insurance and investments, Grow
your Wealth, Protect your Future, news talks, they'd.

Speaker 2 (01:32:01):
Be thirteen minutes away from seven. You're on news talks.
There'd be Now. The US consumer has been pretty resilient
through the whole financial crisis, basically through the whole cost
of living crisis. But there was a bit of an
alarm bell today sounded by Walmart. So this is the
world's largest retailer, and the forecast was a bit bleak
from them. They said that inflation. They're looking at Trump

(01:32:22):
and they're saying, wow, potential for inflation, tariffs. They're worrying
us that they could hurt the bottom line. Main Street
could be hit, the US consumer could pull back anyway.
The doub Jones four. Walmart was down one and a
half percent of its worst trough today and then was
back up a bit by day's end, just gone twelve
minutes away from seven. Gavin Gray is our UK correspondent,

(01:32:43):
Gavin Good evening, either big weekend this weekend, Germany's heading
to the polls. This is not just going to be
a different government, but a very different look in Europe.

Speaker 24 (01:32:53):
Yeah, I think so. And of course you know Germany
right at the heart of Europe, Ryan and where looking
probably at seeing ol our Schultz lose. That's according to
opinion polls, that the leader will lose, and quite potentially again,
according to opinion polls, a large rise in right wing
and far right voting. Now, of course German government's always

(01:33:15):
composed of coalitions, but if the opinion polls are right,
it's going to be very difficult for anyone to form
a coalition without involving the far right parties. And that
is because the AfD, the alternative for Deutschelen, has seen
a huge rise in support. The battleground has been over
the economy, the economy flatlining in Germany, but also over immigration.

(01:33:37):
Of course, over the last few weeks we've been reporting
on asylum seekers and those who have been granted asylum
in a string of attacks on people using cars, but
also knives the same in Austria, and the mood has
really darkened about that. And so I think we are
going to see some interesting and very different results in
Germany and the potential for a coalition and that may

(01:34:00):
have to include the far right, although there's always been
what's been called a firewall where the other parties have
refused to work with them in the past, but if
their vote is so huge, it's going to be very,
very difficult for them to ignore. And yes, the Germans
go to the polls on Sunday.

Speaker 2 (01:34:16):
Because they'll either be forced, won't they They've got a
similar system to us here in New Zealand with them
in PA. They'll either be forced to work with this
party one of them, or go back to the polls,
presumably which they were.

Speaker 24 (01:34:29):
And it's already no, absolutely, it won't want another election
when the country prides itself on such a stable government.
But equally we've already seen cracks in that firewar, with
the potentially biggest party winning this election already suggesting that
it might work with partners that it might not actually
agree with, as long as it means that they can

(01:34:51):
get the legislation that they agree with done. So I
already potential cracks that, as I said, very interesting. Seventy
two hours going to come up in Germany.

Speaker 2 (01:35:00):
Fourteen people arrested in Spain and Portugal. This is a
series of raids, criminal money laundering, etc. What's this about?

Speaker 24 (01:35:09):
Yeah, a huge amount of money, roughly one trillion euros,
which is gosh, I think into the one point six
trillion New Zealand dollars if my mass is correct. The
ring that's been arrested mainly laundered money originating from illegal
drug trafficking. They were charging roughly three percent commission per

(01:35:31):
transfer as part of what looked like quote a genuine
multinational money laundering company. That there have been a series
of raids throughout Europe. Many of those suspects detained are
Russian nationals, according to Europoll. That's the EU law enforcement
agencies at nine properties raided across Spain and the Portuguese

(01:35:52):
capital Lisbon. About one and a half million New Zealand
dollars in cash seized, along with a lot of cryptocurrencies.
The gang operated in cities, it's been reported across Spain,
with each office processing as much as six hundred thousand
New Zealand dollars a day for Albanian, Serbian, Armenian, Chinese,

(01:36:13):
Ukrainian and Colombian mafias.

Speaker 2 (01:36:15):
Those are the allegations. Goodness me, let's go to the UK.
Polish Froman gets off a plane into the UK and
she is basically I'm Medline mckinn.

Speaker 17 (01:36:25):
Was she.

Speaker 24 (01:36:27):
Well all the authorities and indeed a previous dnats suggests
the answer is no. The reason that she has now
been arrested is because this so called fake Maddie Julia
van Derveldt from Poland was arrested because she has been
on suspicion of stalking and harassing Madeline McCann's parents, Jerry

(01:36:50):
and Kate McCann. Of course, you will remember that Maddie
disappeared while on her holiday family holiday in Portugal in
two thousand and seven. The cases always remained a mystery,
and police are saying a twenty three year old woman
from Poland and a six year old woman from Wales
were arrested on suspicion of stalking involving serious alarm or distress.

(01:37:11):
The twenty three year old woman who's been arrested claimed
on television to have taken the DNA test that she
alleges was examined by a specialist in America and linked
to Kate and Jerry, But previous DNA tests have proven
she is not Madeline McCann, with another advocate saying one
hundred percent not add Madeline McCann. She claims there's a

(01:37:33):
new DNA test suggested she is and the police, as
I said, trying to prevent any further upset to the
McCann family.

Speaker 2 (01:37:41):
You've got to feel for them, don't you. This might
be the first one of these cases they've experienced. I
mentioned Gavin, Thank you very much. Great to have you
as always. Gevin Gray are UK correspondent. It's just gone
seven away from seven. Your news talks it big.

Speaker 1 (01:37:54):
It's the hitherto for see Alan Drive Full Show podcast
on iHeartRadio powered by new Talk ZEBB.

Speaker 2 (01:38:01):
Used Talk zib. It is five away from seven. The
winner of today was because it's Friday afternoon, we'll award winner.
I think today's winner was even though the result was bad,
I would say Sky because they're going to get I
mean that as soon as they get this whole satellite
thing out of the way, which it sounds like will

(01:38:22):
be happening in the next couple of months. Then they
kind of home and host and they're back to profit.
The loser obviously spark because they've just lost a billion
dollars off their sheer value. And it's what are we
going out to tonight?

Speaker 19 (01:38:33):
Tonight, Ryan, We're going out with the perfect song for
a Friday night. We're going up with a bit of
the Prodigy. We're going to This is Breathe. The Prodigy
are well one of the many headliners for Electric Avenue Festival,
which they're on tomorrow. But the festival is actually on
right now. As a matter of fact, if you were
at the festival, you can get along to see the
dudes at the hangar in about five minutes, so that's good.

Speaker 2 (01:38:54):
But across two I'm sure you'll be wanting to know
loads listening to us.

Speaker 19 (01:38:59):
Yeah, absolutely, and you're the Prodigy. Finish the whole thing
up at ten pm tomorrow night, brilliant. Wait ten pm,
that seems ten pm. Oh look at that christ Church
going late with your big festivals.

Speaker 15 (01:39:08):
I love it.

Speaker 2 (01:39:09):
Thanks for listening everyone, Thanks for the song, and enjoy
your Friday, enjoy your weekend. See you on Monday, explain.

Speaker 1 (01:39:46):
Putting the challenging questions to the people at the heart
of the story. It's Ryan Bridge on Hither Duper Clan
Drive with One New Zealand Let's Get Connected and news Talks.

Speaker 21 (01:39:56):
It'd be.

Speaker 3 (01:39:58):
For more from Hither Duplasy Allen Drive.

Speaker 1 (01:40:01):
Listen live to News Talk SETB from four pm weekdays,
or follow the podcast on iHeartRadio.

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