Full Show Podcast: 22 January 2026

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Pressing the newsmakers to get the real story. It's ryan
Bridge on hither Duplice Ellendre with one New Zealand coverage
like no one else.

Speaker 2 (00:10):
Newstalk said, be.

Speaker 3 (00:11):
Seven after before coming up, we'll head to the Mount
to the latest on this landslide. Mark Mitchell with us
after five. Greenland turns out it's all about Trump's Golden Dome.
We've got massive good news from Farmak. The worst of
the brain drain looks to be behind us. We'll head
to Australia in the UK before seven Ryan Bridge. On
days like this, it's important to stop and think all

(00:32):
of the firefighters, all of the cops, all of the
ambulance staff, and all just the good people who are
out there and who russian to help when others are
in need. What's happening at the Mount today is a
god awful situation. There's lots of detail we don't know.
We just don't know at this point exactly how many
people might be under that landslide. But we'll be talking

(00:54):
to folks this afternoon who were there when it happened,
to officials who were in charge and trying for out
a few more details for you. But thank you to
everyone who has helped so far, and to all of
the workers on the site who are digging. What an
awful job, but an important one. I spoke to a
guy on the phone about an hour ago who was there,

(01:14):
who was digging, and he said he told me he
had heard voices coming from the rubble earlier on. He
was exhausted, likely still in shock, to be fair with you,
and was off to start work. He didn't want to
speak on air out of respect to the families who
are still waiting for news from the debris. And that
is absolutely fair enough. What a decent person, and there

(01:36):
are many of them at the mount today. Yesterday twenty
rescue workers search and rescue leapt literally went whitewater rafting,
leaped into the swollen flooded rivers in Warkworth looking for
a guy who'd been swept away in a car. Cops
in the Bay of plenty of put themselves in harms
way to save people. Same goes for Gisbon, same goes

(01:57):
for Coramandel. We all know the hard true about this
country because we've all lived through it. It's one of
the most beautiful, rugged and remote parts of the world.
That's why we love it. We get to enjoy the
best that nature has to offer, and we often get
to do that completely alone, with only a handful of
other people around us. But it is a double edged sword.

(02:19):
A resident from Northland said today it's the price that
we pay for living in paradise, which I think sums
it up, and by all accounts, sadly, there are families
out there today who will pay the ultimate price, Ryan Bridge,

(02:39):
nine minutes after four N two is the number to text.
Always love to hear from you. Let's go to Nick Jokes.
She is a witness who is there at the mount
when the slip happened this morning and joins us now
next Good afternoon, Ryan, so good, thank you. What did
you see this morning?

Speaker 4 (02:57):
Nixt This morning, I was out walking and was heading
back down Pilot Bay and then I heard actually.

Speaker 5 (03:11):
Loud cracking sound which caused I was on the phone time,
but it caused me to turn around and I could
see the mona was starting to come down onto com guests,
war cracking sounds onto buildings and things around it.

Speaker 3 (03:29):
What was it like when it was coming down like?
Was it really fast? Was it just a slow? What
was it like?

Speaker 5 (03:36):
I again, context from what I could see. It felt
quite slow motion, but you know time does get different
when you're in different situations, so it seems slow to
me as.

Speaker 6 (03:50):
I watched it come through.

Speaker 5 (03:52):
I mean, you react as fast as you can too.
I don't know how natural instinct, I guess is to
move forward, like lots of people were the community started
to move forward to obviously try and ascertain what was
going on.

Speaker 3 (04:07):
And what did you find when you went from when
you moved forward, it was more.

Speaker 5 (04:12):
Just the visual of saying that there's been lots of
disrupt to the area directly under the where the fenoa
had fallen. So you could see that. I could see
that a camp event had been moved along, and that
the pollution block had also been pushed forward in another
sort of truck. I guess was perhaps keeping some of

(04:35):
the ablution, you know, locked them. I guess it was
lockedom I couldn't see behind that. I didn't want to
move into an unfazed zone. And there were lots of
people who had been doing the work around closing off
the monent and the hovers best, so they were starting
to mobilize and you know, pushing people away from going
and giving there where the access.

Speaker 3 (04:58):
They was, and did you talk to anyone when you
were there next to anyone who was you know, had
been there or in the vicinity, who was looking for anyone.

Speaker 5 (05:08):
Yeah, there were two people who were obviously wondering how
to to New Zealand who had people in the shower blocks,
so they were trying to move into that space. So
it was trying to say to them, come away, you know,
look obviously past them for clarity how many people they
were looking for, so that we could part it on

(05:31):
to other people. So we had some idea of what
it was that was sort of unfolding us both. But
you are a man and a woman, and that I
you know, could I really they were frantic to get
the people that they loved out of the space, so
you can only try and keep them safe. As the

(05:52):
white people come to try and look into the area,
did they have.

Speaker 3 (05:57):
Their family and their their kids in there?

Speaker 5 (06:02):
Probably potentially, they said, there were two people. It's all
quite snatched, as you can imagine, everything's moving quite rapidly,
So you know, I ask for how many people are
in there? They said too? And then other people there
were doctors and nurses and all sorts of people sort

(06:22):
of rushing around with another man who normally does search
and rescue who was interacting at the time. So it's
a little bit of a I guess bus he's seen
probably a good word.

Speaker 3 (06:37):
To put it, Nix, I really appreciate you talking to
me this afternoon. Thank you for that. Nix Jakes, who
was a witness at the Mount Monginui slip this morning.
Thirteen minutes after four, we hit to Michael Mora, who
is from the held. Is that the scene with us, Michael,
what's happening there now?

Speaker 7 (06:52):
Yes, Sir Ryan, this is very much still a very
active and fluid emergency situation with a focus at the
moment is still rescuing those who are unaccounted for those
who are trapped under this massive landslide. The center of attention,
from what I can see from the beach at the moment,
appears to be on this ablution block and you can

(07:14):
see fire an emergency and land search and rescue teams
up on top of the debris that covers that toilet
and shower block. There's also a digger that has been
brought in, but it is a huge task. Is there
is just tons and tons of dirt and debris that
is covering the campsite at the moment. Emergency Management Minister
Mark Mitchell has told me that young people were among

(07:38):
those who are unaccounted for at the moment and describe
the situation for parents who are waiting at the nearby
surf club for news as heartbreaking. So this is a
fairly fluid situation that is ongoing. What we understand is
that around five am this morning, there was another woman

(07:59):
who started going around the camp site and warning people
to get out. Now, I've just interviewed a woman who
asked not to be named, and she told me that
this woman was a hero, but that also as this
woman was going around the campsite to try and get
people out, she went into the ablution block and was

(08:19):
then the landslide came down, and she is one of
those who is unaccounted for.

Speaker 3 (08:25):
So this is a woman who was.

Speaker 7 (08:26):
Going around trying to warn people of the imminent danger.
So it's a fairly bleak, sad situation here on the ground.
A lot of activity going on, and we are told
by emergency officials that this will continue into the evening.
The rescue operation which it is at the moment, will
continue into the evening.

Speaker 3 (08:47):
Michael, Thanks for that update. Michael Mora from the Herald
at the scene for US quarter past four. You're on
News Talk CEB. We'll get too Darcy with Sport.

Speaker 1 (08:54):
Next, it's the Heather to Bussy al and Drive Full
Show podcast on radio powered by News Talks B.

Speaker 3 (09:03):
You're on News Talks B. Well, speak to Mark Mitchell,
who's obviously Emergency Management Minister. He's been in total today.
He's at the Mount. We'll speak to him just after five.
Let's go to sport Sport.

Speaker 1 (09:14):
With TB BED live with in play responsibly.

Speaker 3 (09:19):
We've got some dates for the America's Cup.

Speaker 8 (09:21):
It's all getting underway next year. We knew that already, right,
So it's coming up kind of July to will be
done with by mid July, over and out, depending on
how long the challenge goes for May they get things
underway as far as the knockout the Louis Viuitant, depending
on you know, who's going to come up and actually
challenge for this America's Cup. It's quite a long way.

(09:43):
It's quite a long way away. It's like a year
and a half, but it's out. They've got a report
on that, right, did you get.

Speaker 3 (09:48):
We have a new name. We've got a new name
for GB one for the British and it is because.

Speaker 9 (09:55):
I g G.

Speaker 8 (09:56):
That's just called GB one. The hard thing that is great.
I love the technology of the America's Cup. It's going
to come. We know it's going to start, but our
packaged that away and worry about that next year? Is
that like to do that?

Speaker 3 (10:09):
It's fun. Naples is beautiful. It's going to be a
beautiful place.

Speaker 8 (10:13):
Say I've ever been to Naples, haven't you? No, I've
traveled enough. I've been to Rome and Sardana.

Speaker 3 (10:19):
Black Caps won't like going back to India after this nonsense.

Speaker 8 (10:23):
It's one game. It's one game.

Speaker 3 (10:26):
We had a texta in the earlier they got hammered.

Speaker 8 (10:28):
But it's one game.

Speaker 3 (10:29):
And do you have are they taking it on the chin?

Speaker 8 (10:32):
Well you have to. It's groundwork, that's what it is.
No one is going to care what happened in this
series once the TEA twenty World Cup starts. Should New
Zealand win the t twenty World Cup, no one's going
to look back at those five games. All they are
is laying groundwork, getting players into rhythm, finding out what
works what doesn't work. There's still a couple of players

(10:53):
to come back, in the likes of Cipher and Finn Allen.
So to me, it's an exercise of information gathering and
we didn't get so head up about results that forget
beaten five nil. Maybe people start scratching their heads, but.

Speaker 3 (11:07):
Still it doesn't matter.

Speaker 8 (11:08):
People won't remember this after the World Cup.

Speaker 3 (11:10):
Hey does the abs You're tonight going to be talking
about the whole well, the whole coaching saga.

Speaker 8 (11:15):
Well, no, I'm not going to talk about the coaching saga.
We talked about the coaching saga. Yeah, you're last night.

Speaker 3 (11:20):
I understood that you were going to talk about the
coaching saga to Rob nicol.

Speaker 8 (11:24):
Ah, right, well kind of know what. Okay, No, that's
fair enough. But no, that's that's fair enough. Maybe i've
you know, pushed someone in the wrong direction around that.
Rob Nickel was the head of the Rugby Players Association,
so I'd like to talk to him about the effect
that's having on the players, what the players had to
do with it, how the process unfolded, and what happens
now for the players. So you attached to the coach,

(11:44):
it's about that, but it's about the player attitude, and
I suppose player care too. This is a personal situation.
A lot of these guys knew Razor got on on
them really really well. Other obviously didn't so much. So
how did they well tag gather that schism within the team?

Speaker 3 (12:02):
Do you reckon they're a bit divided the Canterbury ones?
That's that loyalty?

Speaker 8 (12:07):
Well, we don't know. We're not in there. We don't
know unless there's a fly on the wall out there somewhere.
But you suggest this is a difficult thing for players
to deal with. Their coach after two years, has been
shown the door unceremoniously. Now they sit there. Is that
guilt is their joy? I don't know. So that's why
we get ahead of the Rugby Players Association and go

(12:27):
from Rob, do you want to tell us something?

Speaker 3 (12:29):
Really seem to night dusk twenty one minutes after four
news Talks, they'd.

Speaker 2 (12:33):
Be digging deeper into the d's headlines.

Speaker 1 (12:36):
See it's Ryan Bridge on Heather Duplessy, Ellen Dree with
one New Zealand coverage like no one else news talks.

Speaker 3 (12:43):
There'd be four twenty four. Great to have your company
this textas says Ryan, I've just driven over the Auckland
Harbor Bridge and you can see the whole harbor is brown.
The difference of color and the water inside the boat marina,
it tells the difference. I haven't seen that before. That
happened because I went over it when we had cycling Gabriel,
and it happened during cycling Gabriel, but maybe not to

(13:04):
the same extent. Anyway, this storm is quite bad. I
think it's fair to say it's it's up there. We had.
You know, if we sort of read between the lines
about what's happening at the mount, you look at what
happened in Warkworth, you look at what has happened in
Welcome Bay, and total on this thing. This is bad.
This is a bad situation. He's got America very quick way,

(13:26):
actually to Davos. Trump's arrived. Then now he has used
his speech to roast a bunch of other world leaders,
which he loves doing. And sometimes it's fun to listen to.
Let's see how he goes with Carne.

Speaker 10 (13:37):
They should be grateful also, but then I watch your
Prime Minister yesterday, he wasn't so grateful. They should be
grateful to USA. Canada lives because of the United States.
Remember that mark the next time you make your statements.

Speaker 3 (13:53):
Now, Emmanuel Macron, now you remember he wore We spoke
about this yester day. Wore the sunglasses while he was
giving his speech at Davos.

Speaker 2 (14:01):
Emmanuel Macrone.

Speaker 10 (14:02):
I watched him yesterday with those beautiful sunglasses.

Speaker 8 (14:07):
What the hell happened?

Speaker 3 (14:09):
Apparently because I thought, you know, the French are very
fashionable and very trendy. I thought maybe he was trying
to make it. I genuinely, when I first saw it,
I thought one, I thought, what a plonker, Like it's winter,
you don't need sunglasses and you're inside. But no, he
had a bung eye. Apparently he had something wrong with
his eye, which is the reason he was wearing the sunglasses.

(14:30):
Apparently this is the Swiss president really upset Trump by
begging him to lower tariffs on the country repeatedly, and
Trump hit back.

Speaker 10 (14:40):
He said, no, no, no, please, you cannot do it.
Kept saying the same thing over and over. We are
a small country, he said, but you're a big country
in terms of and he just rubbed me the wrong way.

Speaker 3 (14:51):
I'll be honest with you, so weird, so weird. I
was actually wondering whether Luxeon has ever texted. I don't
think would he have his number? Would lux And have
Trump's number? Do we think if you had it? You
wouldn't text him, would you? Because your text could be
leaked or you'd just be very very careful and cautious

(15:11):
about what you texted him. Anyway, the Board of Peace
that he's got for Gaza, a whole bunch of countries
are starting to come out because he invited Luxon on
that maybe he did text him for that have come
out and said yay or nay to the invite. I'll
tell you who's in and who is art. News Talk,
said Big.

Speaker 1 (15:34):
The day's newsmakers talk to Ryan First, Ryan Bridge on
hither dupilesy Ellen Drive with One New Zealand and the
power of satellite mobile News Talks in b im overwenty five.

Speaker 3 (15:50):
You're on news Talks. It'd be great to have your
coming this afternoon. This pole is interesting, isn't it, because well,
it's basically doing what I said yesterday would do, which
is no surprise to anyone. Wins from Peter's surging ahead
twelve percent for New Zealand first, which is a very
impressive result if you look at the let's take the Greens,

(16:11):
and let's add in to party Maldi and New Zealand
First is ahead of those two combined with an extra
more than an extra point ahead. In fact, if you
put together ACT and the Greens then you get fourteen
and Winston's on almost twelve. So I mean it's an

(16:32):
impressive result no matter which way you look at it.
Labour is up two point eight points forty three, sorry
thirty four, National up slightly to thirty one point five.
As I said, New Zealand First Greens are down three.
So basically what it means is the coalition returns to power.
On these numbers, Winston has more Sway has more seats
around the cabinet table. Luxen still the most the most

(16:55):
preferred in the prime minister stakes, nineteen point five percent,
ahead of Chippy who is on eighteen. Azari Hell will
be with us after well, actually should be with us
in about ten minutes. Time to talk about all of this.

Speaker 2 (17:08):
It's the world wires on news talks.

Speaker 3 (17:10):
They'd be drive Trump's backing down on Greenland, no military action,
no tariffs.

Speaker 10 (17:16):
Can we never got anything, probably won't get anything unless
they just say to use successive strength and force where
we would be frankly unstoppable.

Speaker 2 (17:26):
But I want to do that. Okay.

Speaker 3 (17:31):
Now every would say oh good, okay, but just so
we know if he did, it would be really bad.
The coalition in Australia split the second time this parliamentary term.
Nationals leader David Little Proud Caesars Party just can't keep
working with the Liberal Party as long as Susan Lee.

Speaker 2 (17:50):
Is in charge.

Speaker 11 (17:51):
So we're at a juncture where no one was prepared
to serve in Susan lee ministry and she has what's
the coalition into an untenable position.

Speaker 12 (18:02):
That's the sad place that we've got to.

Speaker 3 (18:05):
Well did you hear the Cicada action going on in
the background of that one. Finally, this afternoon, the CEO
of budget airline Ryanier has been having a spat with
Elon Musk, so Elon had to go Ryanire. I don't
know if you saw this. This is on Twitter because
Ryanier chose not to put Starlink on their planes. Now,
in response to this, the Ryanean CEO has put on

(18:26):
a big idiot sale in Elon Musk's honor.

Speaker 13 (18:29):
And we're later on this morning going round to the
ex officers in Cumberland host to present or to give
Elon Musk a free ticket. He doesn't even have to
be the Safety nine a free Ryanier ticket to thank
him for the wonderful.

Speaker 14 (18:42):
Boost in publicity.

Speaker 1 (18:44):
International correspondence with ins and Eye Insurance Peace of mind
for New Zealand business.

Speaker 3 (18:50):
Maury Olds is for us from Australia.

Speaker 9 (18:51):
Marry good afternoon, Hello Buddy, good afternoon to you.

Speaker 3 (18:55):
So the coalition's just falling apart at the seams, just.

Speaker 9 (18:59):
Array, disarray. You heard the Nationals party leader there, listen,
a tiny little rural rump very much the junior partner
and the coalition talk about tail wagging the dog. This
little proud, hopeless leader hopeless but you know, hated within
his own party. But if you look across the aisle
to the coalition part of the Liberals, then I mean,

(19:21):
all you're going to do is change the badge because
Susan Lee is hated. Susan Lee is hated by many
of her own side. And you know the Nationals won't
be involved in any shadow ministry, shadow cabinet will. I mean, frankly,
big deal who gives the rats for Susan Lee had
time in the top job, appears to be almost over
what's the future. The Liberals themselves are split between the

(19:45):
moderates and the Conservatives. The Nationals for their part, the
Country Party, the rural rump absolutely petrified of Pauline Hanson
in One Nation with surging in the polls. As Australian
voters say, for God's sake, is there no one on
the right of politics we can vote for? They look
at the Liberals and they are absolutely shocked and horrified

(20:06):
and disgusted with the fact that most of them are
in the middle, because that's where you're go to form
government in Australia. The right wing isn't going to do
it unless the Nationals hop into bed with Pauline Hanson.
In One Nation, a modern liberal party is not conservative enough,
but the hard right wingers voters are fleeing the Libs
and the Nats for one nation. Look at the latest polls,

(20:26):
Pauline Hansen's party outrags the Liberals and Nationals combined now
Labor loving it chaos on the other side, helping bury
memories of what's been frankly a dreadful month for Anthony
Albanezi since the Bondai Beach massacre. He refused the Royal
Commission refused to recall parliament. He did both and the
coalitions fall into pieces. Plus he's got through parliament legislation

(20:49):
on hate speech and gun reform. All in all, a
pretty good result for labor, dreadful for those who want
to vote to the right in australiayah.

Speaker 3 (20:56):
And it was meant to be bad for him, wasn't
it them? All of this stuffsolutely Now the National Day
of Rememberance speaking of Bondi for Bondai happening today, that's.

Speaker 9 (21:05):
Right, happening today with flags across the country at half mass.
There's to be a minute's silence this evening at one
minute past seven. We're being encouraged as a nation to
go out and do mitzvah's. A mitzvah in Yiddish is
an active, an active generosity or kindness. You might, I
don't know, help someone across the street, an older person

(21:27):
carry their groceries of the car. It could be anything, basically,
to think of someone else other than yourself. The Sydney
Opera House to be the center point of all of this,
with a major memorial service tonight. Anthony Ibneazi there today.
He's called on all of us all Australians to basically
wrap our arms around our Jewish community and obviously condemning

(21:48):
that dreadful, active evil. Still shake my head. I can't
get my head around it. But at the same time
these half words as an organization called March for Australia
is planning a new round of national demonstrations on Australia Day,
which is January twenty six. Some of these people involved
in this March for Australia, we're told, were previously involved

(22:09):
in Neo Nazi White Australia Party. Well, they had to
switch allegiances because Neo Nazi's been officially banned. Well, whoops,
where are we going to do our dumb stuff? Now,
let's go and do it with this outfit called March
for Australia white supremacists who don't want immigration.

Speaker 3 (22:25):
Well, good luck with that sport, Yeah, and good luck
and now finally the stained sadly with Tiarra techs. Someone's
been charged with planning one in Queensland.

Speaker 9 (22:34):
Yeah, this is a twenty four year old student accused
of planning to throw Molotov cocktails at a crowd on
the Gold Coast which would be there gathered to mark
Australia day now. He apparently he was planning the attack
using artificial intelligence, although he didn't apparently go to Bunnings

(22:55):
and buy some of the goods you need to make
Bolotov cocktails. I'm not sure what he's studying, this fellow.
I don't think it would involve IQ's either about seventeen.
But anyway, he applied for Bayo. Yeah, good luck with
that too. Sorry, he says the magistrate. You're a half
whid supplying you know, hate around the country via the Internet.

(23:15):
He bought bottles of alcohol, wrapping paper blankets, and he
urged people in Melbourne let them know they can start
buying vodka bottles early and stop piling batches. And this
fellow also told the court he expected to die during
his attack on the Gold Coast unless he was killed
or the bottomized first by Australia's domestic spy agency ASIO.

(23:36):
I think for his own safety, this guy's been reminded
and custody. You wouldn't send the guy to the shop
for milk. It'd probably come back with a loaf of bread.

Speaker 3 (23:45):
Do you know what his cause was?

Speaker 9 (23:47):
Oh, just pissed off with something.

Speaker 2 (23:49):
No idea.

Speaker 9 (23:50):
I mean that will emerge, that will emerge. But today
the magistrate said, are you kidding as he sent him downstairs.

Speaker 3 (23:59):
Appreciate it, thank you, Murray Old's Australia correspondent. It is
seventeen minutes away from five news talks, he'd be. So
it's interesting and somebody has texted in to make the point.
But the sort of comparison between what's happening in Australia
with Pauline Hanson and one nation, what's happening in the
UK with Nigel Faraje. And now you could argue in

(24:19):
this poll with Winston Peters up on twelve percent, surging
the populists, the anti immigration, that whole rhetoric is getting traction,
isn't it just very quickly before we get kauz Azzari
will be with us next on this pole. But if
you look at the right track wrong track, and this
is the thing that more often than not determines who

(24:40):
will win the election is do you feel like the
country is on the right track or do you feel
like the country is on the wrong track. That recovered
and the coalition was very happy, national particular, very happy
that that number recovered at the end of last year.
In the polls, it's actually taken a step backwards. So
even though the coalition has stepped forward in this result,
that particular number has set backwards. So the net direction

(25:02):
right track, wrong track was on negative sixteen point four percent.
That's a backward step of nine point eight points. So
that is not a good thing. But we'll talk to Azaria.
How about all of this.

Speaker 1 (25:13):
Next politics was centric cre to check your customers and
get payment certainty.

Speaker 3 (25:18):
Burn into five news talks to be We'll get to
Mark Mitchell after five. Azaria, how's with us now, senior
political correspondents in Wellington. Zari, good afternoon, Good afternoon.

Speaker 15 (25:25):
Good to be with you.

Speaker 3 (25:26):
And this poll has got Winston probably, I mean he
doesn't like poles, but probably celebrating anyway.

Speaker 15 (25:32):
A new year, a new poll. This is a big
one Rattana obviously taking place tomorrow. The election date was
announced yesterday. Seems like parties are trying to shape up
how the campaign is going to look. Let's get into it,
as you say, huge gains for New Zealand first, a
record high for that party eleven point nine percent, so

(25:52):
well into the double digits, and a rise of three
point eight percent in terms of that compared to the
last poll. Labor is up two point eight percent to
thirty four point four. National is up one and a
half percent to thirty one point five. The Greens, though,
have seen the biggest drop. They're down three point one
points to seven point seven percent. Meanwhile Actor is down

(26:12):
one point nine points. They're below the Greens, They're on
seven percent. Tepatimari setting on three percent. The poll would
see the coalition re elected, but it does come with
the fact that National is behind Labor on party vote numbers.
The big headline of this so huge momentum for New Zealand.

Speaker 3 (26:29):
First, absolutely now government's books are looking better than expected.

Speaker 15 (26:34):
It's good news today for the government's books. Treasuries released
the interim financial statements for the five months to the
end of November. Things are looking better than initially thought so.
Crunching the numbers, the operating balance was that at a
surplus of three and a half billion dollars. That's compared
to a forecast deficit of zero point two billion. Although

(26:56):
the debt to GDP ratio is still not on target,
the government is want it to track below forty percent.
The latest numbers show net core Crown debt was nine
hundred million dollars lower than forecast, but it is at
forty one point six percent of GDP. The forecast, though,
did estimate this to be at forty one point nine percent,

(27:16):
so it is a better result than expectations, something not unexpected,
but is worth pointing out. Superannuation. It appears to be
significantly to blame for core Crown expenses being higher in
the twenty twenty five period than the same period the
year prior, a two billion dollar increase, and notably, social
security and welfare expenses increased by one point one billion dollars,

(27:40):
a whole billion of that due to superannuation payments, essentially
a growing number of people becoming eligible for the pension.

Speaker 3 (27:48):
My dad's in that camp you just got as gold
card sent in the mail, is gloating about it.

Speaker 15 (27:54):
Meanwhile, I'm sure that debate will kick off as well
around the election in terms of the superage. It always does.
And you'd have to think one point one billion dollars
one billion of them, you'd probably expect the debate.

Speaker 3 (28:06):
They don't deserve it. They don't deserve it of politicians.
Art Torow, what are we expecting to see there?

Speaker 15 (28:12):
Yeah, Arts in a very significant essentially marks the start
of the political year. MP's planning to gather in the
Central North Island Pass site that is near Wanganui. It
is a really significant political leader, though, has decided not
to attend this year's Ratana Church celebrations that is Odawiti
Way City. He's the co leader of Tepati Mali. He's

(28:34):
posted on social media saying he made the decision not
to travel there this year. He's going to remain in
Wyotiki to support any recovery needs from that severe weather.
No final call yet from the Prime Minister on if
he will be able to make it given that severe weather.
We will keep you updated on those plans, but currently
it is believed that Luxin is planning to attend. Chris

(28:56):
Hopkins also planning to be there, as are Winston Peters
and the co leaders of the Greens. A really important
time last year saw David Seymour step out and he
held a speech about his Treaty Principles Bill at the
same time. Given its election year, we might see some
of the same tactics or similar tactics again a bit
of politeching, as Seymour is notably not a fan of

(29:17):
the event. So first up, it's an after that we'll
have our eyes on white tonguey as the next big event.

Speaker 3 (29:23):
Cheers, Azariah, good to have you on as always. Zaria
how senior political correspondent for News Talks Here b it's
nine to five and Bridge try not everyone who has
reservations about mass immigration and a legal immigration is a
white supremacist or a Nazi. Yes, that is very true.
He has said that this text is saying Murray Old's
kind of implied that if you go down that track,

(29:43):
or if you push that button, that you must be
I agree, it doesn't make you just because you have
a problem with mass immigration or particularly a legal immigration,
that does not make you a nasty old right white supremacist.
Ryan acts dropping to seven percent in this polse is
this text so only seven percent of voters want to
balance budget and to reduce government debt? How sad?

Speaker 2 (30:06):
Yes?

Speaker 3 (30:07):
And no, because if you look at what the ACT
Party has focused on, and I talk to a lot
of people about that side of politics, and if you
look at what they have focused on in the last
this term, would you say it is lower taxes? And
would you say it is balancing budgets and If that
is not the message that voters are hearing, then that

(30:29):
is not the message that they are voting for. So
I don't think the two things are necessarily go together.
They look like and they have looked like, the party
that's against co governance, you know, that's been their main
policy plank of this term that and I guess a
bit of regulation around the side. On the top eight
to five news talk ZB your home for.

Speaker 2 (30:52):
The big names in sports, it's the make Hosking rexcess.

Speaker 13 (30:55):
Where are we at with the Scott Robertson's replacement that
you need to set to apparently any day now?

Speaker 16 (30:59):
Release?

Speaker 2 (31:00):
It's recruitment planned whatever that means.

Speaker 14 (31:02):
Tony Brown is with us?

Speaker 2 (31:03):
What do you think?

Speaker 17 (31:04):
Yeah?

Speaker 18 (31:04):
Pretty bizarre the timing, no sort of plan going forward
and my name getting thrown in there, but no one's
really talked to me.

Speaker 3 (31:11):
If you weren't involved with the South Africa, would you
buy somebody's hand off to be the All Black coach?

Speaker 18 (31:16):
And I've even talked to RAISA a couple months ago
without potentially joining the Allbacks. But my commitment to South
Africa was four years and I've always wanted to honor that.
I said, I'm just so frustrated that no one talked
to me two years ago.

Speaker 12 (31:27):
So that's rugby and that's coaching.

Speaker 3 (31:29):
Back tomorrow at six am the Mike Husking Breakfast with
the Defendant News Talk z B. It is five minutes
away from five What is Hopkins doing? This was his
response when he was asked about the poll today, which,
by the way, it's good for the coalition. The Coalition
is doing well, doing better than they did at the
end of last year. Even it's sort of extending their lead.

(31:49):
But also Labor was still the number one party polling
party in the poll.

Speaker 2 (31:54):
However, Poles bounce around a lot.

Speaker 6 (31:56):
Even in the dodgy Texpayer Union poll, Labor supporters significantly
high than it was on election day two and a
half years ago.

Speaker 3 (32:02):
Weird strategy, weird way to start the year. Hey, don't
listen to the polls, Like, why don't you want people
to listen to the poles or you worry that they're
going to turn on you? Doesn't sound very confident in
my mind. Now to Gaza, Trump has stopped all the
wars save the Middle East, of course, and he's got
his Board of Peace and sent out a whole bunch
of invitations to different countries, saying to the leaders, you

(32:24):
can join the Board of Peace. He's asked Putin, He's
asked Luxen as well. We're not sure what his responses.
He asked Pope Leo, for goodness sake. So everyone's had
an invite, well almost everyone, and some are now saying yes.
So so far in the yes camp Aremenia, Argentina, Azerbaijan, Bahrain, Belarus, Egypt, Hungary, Kazakhstan, Kosovo, Morocco, Pakistan,

(32:46):
the uav and Vietnam. They've all said yes, and then
everyone else at this stage quite undecided. We're not quite
sure who's going to join. But we're going to talk
to Matt Tyrrel, who was Marco Rubio's former chief of staff,
about Gaza, but about Greenland because Trump's done the big
back down, no tariffs, no military action. So what is

(33:08):
this new framework that he's talking about. Is it actually
anything or is it just hottier and nonsense. Well ask
Matt Cheryl. He's here afternoons, the.

Speaker 1 (33:26):
Only drive show you can try to ask the questions,
get the answers, find the fact and give the analysis.

Speaker 2 (33:33):
Ryan Bridge on Hither Duplicy Ellen.

Speaker 1 (33:35):
Drive with one New Zealand and the power of satellite
mobile news talk said.

Speaker 3 (33:40):
The seven after five will go to this landslide. The
surf Club's just been evacuated near the mount. This is
where some of the relatives of those who are currently
missing under the debris from the landslide that happened this morning.
They were gathering at the surf Club, just being evacuated.
The search and rescue operations still going on. Mark Mitchell

(34:00):
is the Emergency Management Minister, joins us live Mark good evening, Hi, Ryan,
what's happening with the surf Club? Is there a worry
that there are potent there's the potential for more slips here.

Speaker 19 (34:11):
Yeah, the geoscientists are worry that that's there right, that
that part of the mount may slip, and they're concerned
about the surf Club. So it's a precautionary evacuation of
the surf Club at the moment. And yes, we're there
with all the families and we have moved them to
different locations.

Speaker 3 (34:28):
How many families are we talking about.

Speaker 19 (34:31):
I don't want to get into numbers because you know,
we're still sorting through this it is, and so I
just don't want to You can you can imagine the
high degree of sensitivity. You know, what the families are
going through at the moment is their loved ones, a
lot of uncertainty, and we're still working police are still
working through a process in terms of who was on

(34:53):
the camp, who's still missing.

Speaker 16 (34:54):
So I just don't want to get into numbers.

Speaker 3 (34:56):
No fair enough. So at this stage they're still not
c on how many people might have left the camp
and not told people or not checked out. So there's
that uncertainty there.

Speaker 19 (35:06):
Yeah, exactly, and that did happen and there was a
few that which is completely totally understandable. But it's a
matter of now going back checking CCTV camera footage and
just working that out and just trying to get a
very clear picture of who might be who might have
been impacted in court by that slip.

Speaker 3 (35:25):
How are the family's doing.

Speaker 16 (35:28):
Oh, it's terrible, mate.

Speaker 19 (35:29):
I mean you could imagine when you love ones you
don't know where they are, and they're just the stress
and the anxiety of waiting around, and they get an
enormous amount of support. Everyone's trying to cheer that burden
with them. But yeah, as you can imagine, it's very
very tough somber. You know, our first responders are just
quite simply.

Speaker 16 (35:48):
Doing an outstanding job.

Speaker 19 (35:50):
As you can imagine, it's a really difficult environment to
operate in, but they're really getting on with the work
and they're doing a very good job.

Speaker 3 (35:57):
How much land came down, it must have been a
hell of a lot.

Speaker 19 (36:01):
Yeah, it's significant, so you'd be quite shocked when you
see it. There's a lot of earth that has moved,
and you can just see the enormity and the size
of the job facing our friends and our use operators
who are outstanding.

Speaker 16 (36:15):
We've got the right equipment there.

Speaker 19 (36:17):
We've had the dogs over the site and there's a
massive amount of resource of work going into starting to
try and clear and rescue the people that are under there.

Speaker 3 (36:27):
What are the dogs therefore.

Speaker 16 (36:30):
They'll detect that trained you know obviously through scent, their
scent to be able to detect people.

Speaker 2 (36:37):
And have they I don't know.

Speaker 16 (36:39):
I haven't had the results back on that.

Speaker 3 (36:41):
I just know they put the dogs over mark. What
about were heard from our reporter who's there actually about
a woman who was going around and warning people, trying
to get people out of the camp. You know, wake up,
leave because this is an unsafe place. Have you heard
of stories like that, you know, people doing heroic things,
amazing things.

Speaker 16 (37:00):
No, I haven't heard, No, I haven't. That information hasn't
come to me.

Speaker 19 (37:04):
But certainly over the last few days, in the last
twenty four hours, there's definitely been some heroic people, members
of the public, our first responders, police and firefighters. It's
been a tough you know, forty eight hours, there's no
doubt about that, and especially up north we we had
isolated communities that were hit earlier in the week as well.

Speaker 3 (37:23):
Does the recovery operation, the rescue operation, does that just
keep going until they find people?

Speaker 19 (37:28):
Now?

Speaker 3 (37:29):
Like, is it going through the night twenty four to seven?

Speaker 16 (37:32):
Yeah, it does.

Speaker 19 (37:32):
Because we haven't only got this site at the Mount,
we've also got a site at Welcome Bay two where
one of the slips has come through, taken a house out.
Two of the people have been recovered, they're okay, but
we've still got two people missing.

Speaker 3 (37:44):
Mark Mitchell, who's the Emergency Management minist appreciate your time. Tonight,
eleven after five.

Speaker 2 (37:50):
Bryan Bridge.

Speaker 3 (37:51):
Donald Trump says he's got a deal on Greenland's The
US President's backtracking on threats to seize the Danish territory
after meeting NATO Secretary General Mark Rutter. No detail yet
on exactly what has been agreed to Trump. No longer
intent on slapping tariffs on Europe. Also, no longer. You'll
be pleased. You can breathe a sigh of relief. Europe
won't be sending the troops in. Matt Tyrrell is a

(38:13):
former chief of staff to Marco Rubio's presidential campaign. With
me tonight, Matt good evening.

Speaker 20 (38:19):
Hey, er Ian gread to be with you.

Speaker 3 (38:20):
So what's the game plan here for Trump on Greenland?
Do you think is this the last will hear of it?

Speaker 4 (38:26):
Or what?

Speaker 20 (38:29):
Well, look, I think that this framework there's a cheat.
Today is really a major step forward. And obviously here's
a more negotiation will be done here in the coming days.
But look, this is ending up or is it always
going to end up? And that is President Trump getting
what he wants with respect to Greenwind, which he has
been clearer that is vital for both national security and

(38:52):
other purposes. And look, we'll see this all goes. But
this is a major win for President Trump, for the
United States and for the safety and security of the world.

Speaker 3 (39:00):
But what's he actually won. What is the framework because
you can put you know, there's the military base there already,
you can searche the troop numbers if you want. What
else is there that he needs to want?

Speaker 20 (39:11):
Sure, well, look, we'll see where this all takes shape here.
But based on the reporting, it appears that there's going
to be the ability, it sounds like for the United
States to gain control of key pockets of land in Greenleveon.
You put in place President Trump's Golden Dome for missile defense.
We'll see where this all goes. But I suspect the

(39:33):
ability for the United States to have the presidence that
is required to counter China, to counter Russia. So obviously
this is building a treat if the United States has
with Greenland in terms of the ability to have a
military presence already there. But it's critical for President Trump,
in his eyes, at least to boaster that, to ensure
that we enhance that. And really it comes down to

(39:55):
China Russia encountering what they're doing in that part of
the world. Greenland is vital for nast security. It's not
as President Trump, who's believed that President Truman, a Democrat,
tried to acquire Greenland in the United States has acquired
land before Louisiana, Alaska. Those are key examples. The bottom
line is that this is vital for nasal security. Person

(40:16):
Trump has been clear about that, and this is a
win for him. This is a step forward. But obviously
more discussion are going to take place here between President
Trump and his foreign policy team. As foreign policy team
talk with the necessary parties on this, we'll see what
takes shape here in terms of next steps. But this
was a significant move forward. And again this ended where
he's always going to end, President Trump, moving the ball forward,

(40:36):
the United States having a great presence in Greenland.

Speaker 3 (40:38):
Yeah, And I mean it's that playbook, the big threat
and then the compromise and then getting probably what he
really wanted in the first place. Who's next? You know,
we've had Venezuela, We've had Greenland. Who else should be
is on the list?

Speaker 20 (40:54):
Well, A lot of what President Trump is doing right
now is really the counter China, in the growing presence
of China. But also it's about Iran. You know, obviously
Iran is a top of mind right now for people
around the world, particularly for the people in Iran right now,
who are of course are taking to the streets and protesting,
and that's going to be obviously something to watch here.
You know President Trump did in Venezuela, well, it's in

(41:16):
part to put for the pressure on Iran. You know
a lot of what he's doing around the world is
you know, playing within four dimensional chess. And the bottom
line here is all of this is interconnected in many ways.
What he's doing on Greenland is countering China and Russia.
What he did in Venezuela in many ways was trying
to counter other threats beyond what Nicholas Maduro presented. So

(41:40):
you know, this is something that President Trump has really
going on the offensive right now. National security, protecting the
United States. Ultimately, this is a part of his America
First agenda, how do you make America more prosperous, safer,
and more secure, And in part that's obviously looking at
what other threats are out there. Iran's a major one
to watch, and we'll see what takes place.

Speaker 3 (41:59):
With that coming days too. Matt, appreciate that. Matt Terrell,
who's former chief of staff to Marco Rubio's US presidential campaign.
It is quarter past five, you're on news talks. Here
be next we've got new numbers on the brain drain. Well,
I say, the brain drain, what's the whole thing overhyped?
The new numbers are interesting. We'll get to Brad Olsen
on that next five eighteen news talks. They'd be great
to have your company this evening. Let's go to the

(42:19):
brain drain numbers. So these are migration stats out. Looks
like the worst of it might be over. Migration stats
out for the year to November. The rate of Kiwi
citizens leaving the country has fallen since June, and we
had a small net population gain of about ten thousand
for the year to November. Brad Olsen is Infametric's principal
economist with us tonight, Brad, Good evening.

Speaker 21 (42:39):
Good evening, Ryan.

Speaker 3 (42:41):
So we're not all moving to Australia anymore, is that
what we're saying? What are we saying?

Speaker 21 (42:45):
Well, I think you're exactly right that we've seen most
of the trends effectively plateau. So you know, instead of
seeing huge numbers of Kiwis that have continued to move out, Yes,
are still high, but they're not continuing to increase. They're
sort of now moving a bit more sideways. And when
you look at those figures of Kiwi's moving to Australia
and sort of the overall net gain there that does

(43:06):
seem to be again easing back, just ever so slightly
in recent times. Long story short, probably the most interesting
thing with these figures is not only the headline figure,
like you say, roughly ten thousand was the net migration
figure over the last twelve months, but also the revisions
in terms of people coming into the country as well.
The arrival figures and departures have both been revised lower

(43:29):
in November compared to what we had previously, and it
just sort of in our minds when we look through
those figures, just suggests that there's not quite as much
intensity in terms of both the number of people still
coming in, which was always hard to understand when you
looked at the likes of the higher unemployment rate, but also,
like you say, not quite as many people leaving as
we might have first expected.

Speaker 3 (43:49):
So has the whole thing been a bit overhyped?

Speaker 21 (43:52):
Well, I mean, in a sense we're still yet to
see fully even the most recent figures are still quite volatile,
and you do see those revisions come through quite a bit.
But now we're sort of getting a little bit more
certainty around the data for what happens sort of more
mid twenty twenty five, and that certainly suggests that again
some of those primary expectations might have been a bit overhyped,
and part of it seems to be when you dig

(44:14):
into the figures, it's sort of hard to tell when
someone leaves the country if they're going to be a
migrant or if they're just going on holiday and maybe
a longer holiday an I dare expect that when you
look in some of the figures, it might well have
been that there were a few more kiwis that were
taking trips to Australia. But it also might have been
that people have been looking overseas at jobs. They might
have moved figured out that actually there's not as many

(44:34):
sort of just heaps of spare jobs overseas compared to
New Zealand, and actually might well have had to come back.
You've been hearing more anecdotes of that recently as well,
so there's a combination of things. But it does seem like, look,
the migration figures do seem to be trending out a
bit more at where they currently are, rather than dipping
up or dipping down particularly.

Speaker 3 (44:53):
Quickly interesting stuff. Brad appreciated Brad Elsen infor metrics. It's
good to have you on the show as always. Twenty
one after five. Next, the boss of JP has said
something that I think is interesting. I think you will too,
about AI and about the robots that are coming for
our jobs. That's next.

Speaker 1 (45:07):
For the name you trumped to get the answers you need,
it's Ryan Bridge on either duplessy Ellen Drive with one
New Zealand coverage like no one else news talks.

Speaker 3 (45:18):
They'd be twenty three after five if you don't know him.
Jamie Diamond is the boss of JP Morgan and quite
a smart guy, which obviously you need to be to
run a bank. Well, one would assume you need to
be quite smart to run a bank. I've mentioned him
a few times on the show because he just says
some reasonable and practical things about some big issues. And
he's spoken about AI. He reckons we need to slow

(45:39):
it down, calm the farm a little bit, and if
we don't slow down, society he reckons could tear itself apart.
And he's not talking about in ten years, he's talking
about soon. And he gives an example in the US,
there are two million truck drivers who could soon be
out of a job when driverless trucks hit the road.
That's two million men and women going from a pay

(46:00):
packet of up to one hundred and fifty thousand American
dollars a year too unemployed. The skills not transferable. His answer,
slow it down, phase the technology in rather than hit
society all at once, and then you'll probably have to
get some government payouts to compensate them. Otherwise, he says,
you will get civil unrest, You'll get chaos in the streets.

(46:24):
In New Zealand, we have ubers, we have taxis ripe
for a robo takeover. Same goes for public transport. Robots
will probably drive buses before long, which will certainly stop
the violence, unfortunately that they face, especially in Auckland and
the driver's seat from nutty passengers, but it does leave
them out of work without a meaningful alternative or transferable skills.

(46:47):
Driverless way mow taxis in the US are taking off,
and the serious crash rate is about ninety percent better
than we're humans.

Speaker 16 (46:58):
I know.

Speaker 3 (46:58):
Go figure. The problem with phasing things in slowly, though
pumping the brakes is that you miss out on the
productivity gains. And just because you pump the brakes, it
doesn't mean that your competitors will. It doesn't mean that
other countries will do the same. And nobody's going to
get in the way of progress, are they? Which leaves
us with the social problem that Jamie Diamond was getting

(47:20):
it in the first place. How do we make sure
the world doesn't go to hell in a handbasket when
the robots come for our jobs and our livelihoods? Cry
and Bridge two the number to text, would love your
feedback on that. Twenty six minutes after five, Let's go
to Trump over Davos, because he kept talking about wanting
to take Greenland. But do you mean Greenland or did

(47:41):
you mean something else?

Speaker 10 (47:43):
And I've chilled the last few days. When I told
him about Iceland, they loved me. I don't know that
they'd be there for us. I'm helping I'm helping Europe,
I'm helping NATO. And I've chilled the last few days.
When I told them about Iceland, they loved me. I

(48:03):
don't know that they'd be there for us. They're not
there for us on Iceland. There they can tell you.
Mero stock market took the first dip yesterday because of Aceland.
So Aceland's already costs US a lot of money. But
that dip is peanuts compared to what it's going on.

Speaker 3 (48:19):
I think he's just a bit tired. I mean he's
nearing eighty. He was on a plane that had to
turn around and start again, doing much better than Barton.
You'd have to say that a't Ryan Greenland has substantial oil,
gas and critical mineral resources. Yes, and all the ice
is melting so to be a trade route before you
know it. But he says not about that, not about that.
It's the Golden Dome that's going to save America and

(48:43):
keep America safe. So we will believe that for now, Farmac.
This decision on cystic fibrosis is fantastic. We'll get to
it next.

Speaker 1 (48:53):
On your smart speaker, on the iHeart app and in
your car on your drive home. It's Ryan Bridge on
hither Ellen Drive with one New Zealand had the power
of satellite mobile news talks, they'd be.

Speaker 15 (49:09):
Coming.

Speaker 3 (49:12):
Please don't go Parli twenty five away from six year
on news talks. They'd be great to have your company
this Tuesday afternoon, after six we're gonna speak to Malcolm John's.
He's the boss at Genesis on hydro. The lakes are
filling up great, excellent, so we'll have cheap power or
winter there'll be no shortage. They'll be no. I mean

(49:34):
they did tell us, didn't they last year, that this
year and next year we should be all g and
after that is when we might run into some problems.
Although now that they've done the deal with the coal
at Huntley, apparently all of our problems have gone away. Anyway,
we'll check in with your power bills, Malcolm John's. That's
after six.

Speaker 2 (49:53):
Tonight, Great Ryan Bridge.

Speaker 3 (49:57):
The huge news announced today for kids who suffer from
cystic fibrosis. Farmac wants to fund two life changing drugs
for all kids with the condition, tri Cafter which you
would have heard of, and a lift Trek. Currently only
kids from the age of six are eligible for the
funded drugs in New Zealand. Now Liam Rooney's two year
old son Luca has cystic fibrosis at fibrosis and he

(50:19):
joins me, Now, Liam, good evening, all Ran, how are you? Yeah,
very well, thank you. Liam. Tell us about what this
actually means, this decision, because for a lot of people
it sounds like something's happening from farmac. You know, we
get these drug announcements. What does it actually mean for
the likes of your son Luca.

Speaker 17 (50:40):
It basically means that he gets every opportunity to thrive
in his life. From what we've been told from our doctors,
tri caft is probably the most transformative drug that they've
ever seen, so that you know, it doubles life expectancy
of people that suffer from siss fibrosis. So having early

(51:01):
access for Luca from two years old means it just
gives him every opportunity to live a normal, healthy life.

Speaker 3 (51:10):
Does it mean that his body would have been undergoing
or being damaged in a way that would have shortened
his life for that you know, that would have been
happening for four years extra.

Speaker 17 (51:22):
Yeah, that's basically what the research was saying. That Like
it was all well and good that it was funded
from six but the you know, kids are sort of
pot out in the open and ready to ready to
explore from an earlier age and when they're at kindergarten
and entering school and so they're exposed to a lot
of bugs, and kids like Luca, when they are exposed

(51:45):
to those bugs. They're at significantly higher risk of holding
a lot of that bacteria within their body. So the
vital organs you liver, lungs, ancreous kidneys of a susceptible
to far greater risk.

Speaker 3 (52:02):
What about the Australia question, because I've read a lot
of people, a lot of parents have either gone there
to get the drug because it's funded, or have basically
a go bag and a plan to go.

Speaker 6 (52:15):
Yep, that was my wife, Courtney and me.

Speaker 17 (52:18):
I'd already spoken to my boss over in Australia about
the potential for us to move over if things got
worse with Luca, and we were absolutely ready to pull
the trigger if it meant that we would give him
better opportunities. And we know a lot of people within
the cistic fibrosis community that have done it already. So

(52:40):
hopefully the news today sort of gives them hope that
if there was an opportunity for them to come home,
they can.

Speaker 3 (52:47):
Just as a dad, you know, life expectancy going and
doctors saying this, going from thirty to sixty, do you
just start thinking about a whole bunch of things that
you maybe didn't let yourself think about.

Speaker 17 (53:01):
Absolutely, it's yeah, when we first heard the news that
Luca had I had no idea what cystic fibrosis was.
And then you start to research it and you realize
just how serious it is, and you start to talk
to people that you know, and they know someone that
knew someone that you had a sibling or a sister
or a brother that had passed away before these sorts

(53:21):
of drugs were available, and it just it scares the
lights out of us that, you know, without these types
of drugs, that that could have been a situation that
we would have had to have faced. We're just so
lucky and well obviously think about the families that have
suffered in the past, and you just think our lucky

(53:43):
stars that that these sorts of drugs are are available now.

Speaker 3 (53:47):
One hundred percent, and thank goodness that they are too.
Appreciate your time tonight, Liam, Thank you. That's Liam Rooney,
whose two year old son Luca has cystic fibrosis and
will now be available or eligible, I should say, for
tri Capta thanks to Farmac designing to fund it. It
is twenty to six.

Speaker 1 (54:06):
The Huddle with New Zealand Southeby's International Realty, a name
you can trust locally and globally.

Speaker 3 (54:12):
On the hell tonight clear to lord journalist is with
us at the desk, clear, good evening, good evening, run
good to see you as always, And Sainzo's with us,
Mark Sainsbury Broadcaster in Wellington. Saint Zo come in, good evening,
How are.

Speaker 6 (54:22):
You Yeah, good bud. Fantastic news about Luca.

Speaker 3 (54:27):
Oh so cool, so good, such a good story. Yeah,
you know, and you know because we've obviously been as journalists,
well actually the three of us probably over the years
have covered stories like this and what can we fund
and what can't we fund? But to actually hear that
your child will you know, will have a wedding, will
be able all of these things life events that will

(54:48):
be able to happen, Mark, Yeah, And giving them the
best chance.

Speaker 22 (54:53):
And they can actually date somebody, go out with someone
who they don't have to say ahead of time, don't
get too serious about me, or keep it to themselves
that they have a very limited life expectancy or risk
that they are going to be dumped. I interviewed somebody
with cystic vibrosis a few years ago, and it was

(55:13):
a very sad story of never being able to have
an ongoing serious relationship because of the limited life expectancy
and the heartbreak that would be involved on two sides.
So you know, I mean, that's fantastically life changing.

Speaker 3 (55:28):
Very cool, very cool. Now let's go to Trump in Greenland.
Not so cool, although he's Pikeland. Pikeland, sorry to give me,
give me back. It's interesting because the you know, this
time last year when he did all the threats and
the markets went tanked, you know, twenty percent whatever, every
went crazy. This time, we're a little more wise to

(55:50):
it now, aren't we, And we know there's going to
be some sort of back down Saino.

Speaker 6 (55:54):
Yeah, the old Targo effect, isn't it. I mean, I
just I was just saying to declare. In fact, I
was talking earlier on today, we're just saying, well, we
look back and you know, sort of fifteen years time,
if we're still walking the planet and go look, you
won't believe what's this maniac there? It's every day. It's
just incomprehensible.

Speaker 22 (56:16):
I think it'll be quite well. I mean, I hope
we're around in fifteen years. Mark for that really poignant conversation.
But I do think that make Carney hit the nail
on the head when he said, you know, nostalgia is
not a strategy, and in fact, you know so much
as being reset with Trump, He's the most consequential politician
for a century in that sense, because for example, every

(56:37):
year people gather at the United Nations in September, occasionally
the Security Council meets. What does that mean anymore when
one of the members leading members of this bill, he's
a permanent member of the of the Security Council. And also,
you know, one of the founding members of the United
Nations and the leading partner in NATO, founding part of

(56:59):
when when the President of the United States declares that
it's only his own morality that he answers to. Yeah,
but what does that actually mean for international order?

Speaker 3 (57:08):
But what did the UN mean anyway when you got
Russia and China and you got the veto. I mean,
the whole thing's a joke.

Speaker 22 (57:13):
I wouldn't call it. Oh well, I mean, certainly the
need to reform it. But over the years, in the
years gone by, the ones that Mike Canney quite right,
this is we can't just recreate the effectiveness of it
has been effective in some situations. I mean when you
look at peacekeeping forces around the world that have kept
the peace and still are getting the peace. But I

(57:36):
get your point. You know, we are having to look forward,
not back.

Speaker 3 (57:40):
And in some ways Mark is you know, because a
lot of people say, look, everything he's doing is bad.
But the outcomes in some ways have been good. Europe,
for example, stepping up and finally paying its own way
on defense, which they're starting to do. I mean that
is a good thing.

Speaker 6 (57:58):
They do have to answer for on that because they
have been happy to step back and let the let
the US sort of deal the sort of the heavy spending.
But they're not out of the woods yet. I mean,
he's saying they've got this this, this, this deal after
you know, he was desperate to negotiate with Mark Ruter.
Of course creageously calls him daddy.

Speaker 22 (58:18):
Yeah that's weird but weird.

Speaker 6 (58:19):
Huh, weird but weird, and Trump loves it. Trump loves
but they've already that makes But but you know, senior
people in the Danish Parliament are saying, helo minute, you
know this deal. You know, there's no mandate to negotiate
anything without us.

Speaker 22 (58:39):
But don't you think don't you think it's probably going
to come down to Mark Rutter and others repackaging what
effectively exists now and presenting it to Trump as if
it's a new thing that acknowledges his concerns, that capitulates
to him in ways that flatter him. So, for example,
embassies are sovereign territory, so you know, the American embassy

(59:01):
and Wellington, it's their sovereign territory. We can't send people
in there, we can't send the police. And for example,
so the bases that they have there already and that
they can expand whenever they want, apparently under the existing agreement,
or they'll call them sovereign US territory presumably not just
bass and they'll say that that's your you know, your
inviolable territory.

Speaker 3 (59:21):
And getting on paper. Win, Yeah, give them on paper, Win.

Speaker 22 (59:24):
Repackage it carefully.

Speaker 3 (59:26):
Hey, we'll be back in just a second. Hold that thought, mark,
Mark Sainsbury and clear the law on the huddle.

Speaker 1 (59:34):
The huddle with New Zealand Southeby's International Realty the only
truly global brand.

Speaker 3 (59:39):
Twelve to six News talks. He'll be clear to law
in Mark Sainsby on the Huddle tonight. Sainso Winston's surging
in this taxpayer's union career pole twelve percent for close
to twelve percent for New Zealand for massive do we
do you think we just give them the Just let
him b PM once, you know, before his time in politics.
Just give it to them this year?

Speaker 6 (01:00:01):
Well, what was that Danish series that they had there
where they have the minority leader held out to be
prime minister. I think it might have been Norwegian. It was,
it was, it was, it was really they just had
them over a barrel. And look, it's just looking fascinating,
isn't it. Because you've got the late election. Obviously you
want the Excell's latest possible because they've got to bank

(01:00:21):
everything on an economic recovery. They've got to set of
see that happens. So you can understand giving them the
longest time. But you're also just getting back into this
these periods of people are just getting sick of the
major parties. Is that, you know, people aren't necess happy
with the National Coalition. Luxem just hasn't worked for a
lot of people. That doesn't mean he's going to go,
but he just he's not a popular leader. And then

(01:00:43):
people are stored but over labor and then you've got
the Hickins problem. It's just going to be a fascinating year. Yeah,
I think you're right, right, let him just be prime minister.

Speaker 3 (01:00:51):
The next year's is it occupied? I think is that
the one you were thinking of? The Norwegian political TV show?

Speaker 6 (01:00:59):
I know, yeah, No, that was the one in the
Russians invaded? Was Borgan? I think it was cool.

Speaker 3 (01:01:05):
Yes, the woman, the woman, here's the key votes and.

Speaker 6 (01:01:09):
They said, right, you want to support on Prime Minister.

Speaker 3 (01:01:11):
That's right. They're all quite good. And they're all on
Netflix too anyway.

Speaker 22 (01:01:16):
You know, it's sort of almost like a reality TV
show almost.

Speaker 14 (01:01:19):
Have you watched Brockmeyer?

Speaker 3 (01:01:21):
No, oh my gosh, oh really? Which where is that
on Netflix?

Speaker 6 (01:01:28):
On Netflix?

Speaker 3 (01:01:29):
Children watch?

Speaker 6 (01:01:31):
You don't watch it with any kids?

Speaker 3 (01:01:33):
Okay, sounds good, all right, Winston Peter's.

Speaker 22 (01:01:37):
Clear, Well, I think the poles will bounce around a bit,
so I wouldn't really just hang hat entirely just on
this one. As everyone says, it's the trend that matters,
which will be the most boring oft repeated statement. You're
here from anyone commenting on the poles, which is a
very very foolish thing to be doing most of the time.
And you know, people at the moment. I think Mark's

(01:01:59):
right and the sense that people, you know, neither of
neither Chris nor Christopher set people on fire despite their efforts.
In the Women's weeklies, for example, you'll notice that Winston
doesn't do that. You don't get at home with Winston Peters.

Speaker 3 (01:02:11):
No, he doesn't do that. Person.

Speaker 22 (01:02:12):
No, despite not doing that sort of mushy thing, he
manages pretty well to maintain where.

Speaker 3 (01:02:19):
He is his respect. Did not like to necessarily a yeah.

Speaker 22 (01:02:24):
Probably, although you know when people meet him they seem
to still like him. So I do think that this
could be his year for you know, it might be
his final election.

Speaker 23 (01:02:35):
Who knows that.

Speaker 22 (01:02:36):
You can never say never with Winston. But I think
people who are sort of a bit fed up early
in the piece, they're probably going to say, well, I
might give Winston Peters go, I might give New Zealand
first go. Doesn't mean they'll vote that way because they're
not committed to doing that, but it's a feeling. It's
a moment in time now, that's how people feel. So
the challenges obviously on the right for Chris luxman Coe

(01:02:59):
to persuade us that make us feel and make real
this economic recovery.

Speaker 3 (01:03:03):
Absolutely, Hey, very quickly.

Speaker 6 (01:03:05):
As they said on the castle, it's all about the vibe.

Speaker 3 (01:03:08):
That is about the vibe very quickly before we go
way mow in America is self driving taxis. They are
taking off and are now becoming apparently quite more aggressive
on the road. They were quite slow and courteous to
start with, but are now sort of behaving more like us.
Would you guys get in one, Mark.

Speaker 6 (01:03:26):
Yep, Yeah, I mean once you've got I don't know,
I'm not going to be the first one, but it's
and I know why, for instance, can't wait since it's
a fantastico. Now I've got friends, like a dear friend
of us, Mary and Ahune doesn't drive. These things would
change people's lives. Yeah, but we're going to come, you
know that, sooner or later. But we've got to make

(01:03:47):
sure that it actually it's a bit like you know,
we're talking about old diamond before you know that. They've
got to manage the technology and make sure it's it's
it's well, it's safety is the first thing. But I
love the idea.

Speaker 22 (01:04:01):
I'd barely get in a car with you, Mark, with
the way you drive, So I don't know if I'm.

Speaker 8 (01:04:05):
Going to go away more.

Speaker 3 (01:04:07):
I like, the only thing I worry about is not
the cars, it's actually our roads, you know, one thing
to have them on the freeway in the US. Good
to see you both Mark Sainsbury and Clear Delor on
the Huddle tonight. It is eight to six News Talks MB.

Speaker 1 (01:04:21):
It's the Heather Dupless Alan Drive Full Show podcast on
My Art Radio powered by News Talks EBB.

Speaker 3 (01:04:29):
News Talks v B. It is five minutes away from
six now. Just some updates for you on the economy
as card spending. Retail card spending was down slightly in
December because we had everything went but gangbusters during Black Friday,
which actually has become Black Month or Black Friday Month
or whatever they call it. So spending was up quite

(01:04:51):
It was strong in November, but then it's fallen slightly
for December, and it was actually quite broad based, meaning
lots of different steptors felt that. So the question is
does that mean that we are going to see with
card spending restrained over the coming months over summer. That's
kind of the worry from retailer end z Asb's put
out a note on this and they say, nah, actually

(01:05:13):
calm down come the farm. This is electronic card transactions.
Calm down. Even so, even with this dip for December,
economic labor market recovery underway. We anticipate, they say, a
gradual recovery of consumers spending over twenty twenty six. So
it might be a little bit bumpy here and there,
but it is all tracking in the right direction. That's
from ASB nine. Two ninety two is the number to

(01:05:36):
text and always love your feedback. After six tonight, we're
going to talk to Malcolm John's from Genesis, he's the
boss about how are we getting other lakes full? Apparently
they're doing quite well hydro and also gas because and
I've got a couple of friends who are getting rid
of gas in their homes at the moment. One of

(01:05:56):
them is hitting a pool which sounds very expensive and
getting rid of basically switching. So a lot of that
stuff's going on. And does that what does that do
to the supply of people come off? And the more
does that make it cheaper? We'll speak to Malcolm John's
about all of this stuff from Genesis next man.

Speaker 8 (01:06:15):
You take them man, And then I'm backing Chico.

Speaker 24 (01:06:23):
I feeling.

Speaker 23 (01:06:26):
Another vigin enemy.

Speaker 1 (01:06:44):
We're business who meets insight the business hours with Ryan
Bridge and maths, insurance and investments.

Speaker 2 (01:06:51):
Your futures in good hands, news talks.

Speaker 3 (01:06:54):
That'd be six and six good evening. Great to have
your company coming up. We'll get to Jamie McKay, host
of the Country shows, mats with Sam Dickey and end
the Brady in the UK for us. For top of
the r let's go to some operating reports from power companies.
I know how sexy does that sound? Don't worry it
is been some very interesting tidbits in the latest reports
from both Contact and Genesis. First interesting thing is water

(01:07:15):
hydro storage up, meaning we've got good supply to power
the grid. Second interesting thing prices, not necessarily the retail price,
but Ford prices falling by as much as fifty percent
in the past two weeks. What does this mean? Malcolm
John's is Genesis Energy chief executive with me tonight, Malcolm,
Good evening.

Speaker 12 (01:07:31):
Good evening. Operating reports are always sexy.

Speaker 3 (01:07:33):
Ryan, you have to say that, you have to say that, Hey,
tell us what's going so? Hydro is this? Are we
in a better position than we would normally be?

Speaker 9 (01:07:43):
Yes?

Speaker 25 (01:07:43):
The short answer is yes, We've had fairly consistent rain
events in the key catchments since really the end of
spring last year, and we started spilling like Tekapo in
November because it was it was at its maximum, and
others around the system are also in a position now
where they're.

Speaker 12 (01:08:04):
Having to spill their lakes as well. So it's a
regularity of rain.

Speaker 25 (01:08:08):
Notwithstanding the rain event that's just been through the Upper
North Island over the last twenty four hours or so,
it's the consistency of the rain events that have led
to the position we're in.

Speaker 3 (01:08:18):
Does that mean that we're going to be all good
for winter?

Speaker 25 (01:08:22):
Look, basically, it's between six and eight weeks between a
wet and a dry sequence in New Zealand, so we
don't store an enormous amount of water. Less than five
percent of our total annual demand is stored in water,
and so it really depends on how it rains over
the next three to four months. But the key thing
is the reserve fuel positions are very healthy. Gas storage

(01:08:46):
is near the top of its capacity and the colestock
Violot Huntley is sitting well over a million tons now.
So not only do we have our primary fuel in
a good position, but we have our reserve fuels and
very good positions as.

Speaker 3 (01:08:58):
Well, and the sorted for ten years.

Speaker 16 (01:09:01):
Right.

Speaker 25 (01:09:03):
Yes, the contracts that we signed with the other gent
tailors means that the investment in the rank and units
to extend their life out to twenty thirty five is
now well underway.

Speaker 3 (01:09:13):
Good now as you're talking, lots of people are texting Malcolm,
Michael says Ryan. Every January, the lakes are always spilled
in order to drive the prices high for winter. True, no,
So what's going.

Speaker 12 (01:09:25):
On the volume of water.

Speaker 25 (01:09:29):
We have both minimum and maximum operating ranges for the lakes.
The maximums are driven by the Hyder dams, and most
engineers will tell you that water spilling over the top
of dams in an uncontrolled way is quite dangerous for
the stability of the dam, and so the spill ways
are put in place so that when you meet reach
the maximum, that you have to start spilling the water.

(01:09:52):
And so we didn't spill last summer, and I don't
think we spilt the summer before, but this year we are.

Speaker 3 (01:09:57):
So we've got water in the lakes, we've got huntly sorted.
What's going to happen to prices? Spot prices this winter?

Speaker 25 (01:10:06):
Well, the forward curve is indicating quite a retreat from
where we've been in the last couple of winters. And
the reality of the New Zealand pricing system is that
over a short short period six to twelve months, you know,
hydrology and the amount of rain we get when we
get it as a huge driver of those those spot prices.

Speaker 3 (01:10:26):
Did you pay any attention Do you pay any attention
to what's happening in New South Wales? You know the
big well, their biggest power plant, Cold Find power plant
over there, they're extending the life for two years.

Speaker 25 (01:10:36):
We certainly do pay attention to those, and we have
to remember in New Zealand that you know, we've just
extended the life of Huntley's coal generation by a decade.
And the reality is that as a small nation where
our weather is highly correlated, you know, we don't store
enough water for the lakes to be able to last

(01:10:57):
long periods of time without ray and so we do
have to have a reserve generation system and Huntley's the
majority of that.

Speaker 12 (01:11:05):
It's about seventy five to eighty percent of that.

Speaker 3 (01:11:07):
What's the situation with gas? I mean, and everyone says
we're running out and that we might lose a field
of two in the coming year. What's the situation and
what do people need to do to prepare for it?

Speaker 12 (01:11:18):
What are you saying, Well, gas plays two roles in electricity.

Speaker 25 (01:11:22):
One is baseload or consistent generation, and the second is
backup generation for cold winter nights and dry.

Speaker 12 (01:11:30):
Periods and the like.

Speaker 25 (01:11:32):
And with the amount of renewables that all the companies
in New Zealand, the building base load gas generation is
in decline and will ultimately reach an expiring point sometime
between now in twenty thirty or twenty thirty two. But
the need for gas as a backup generation fuel for
cold winter nights, low wind periods and low rain periods remains.

(01:11:56):
I think you know, the gas situation remains challenging. There's
no two ways about that. It doesn't matter whether you're
generating electricity, you're an industrial or a home user. The
reality is that the availability of gas is becoming less
and that's having an impact on the price of it.

Speaker 3 (01:12:10):
Malcolm, appreciate your time. Always good to chat. Malcolm John's
Genesis Energy chief executive with us tonight twelve minutes after
six coming up, we are talking show biz, but next
we will bring online Rural Report. We're going to Jamie McKay.

Speaker 1 (01:12:25):
It's the Heather Dupless Allen Drive Full Show podcast on
iHeartRadio empowered by News Talks EBBI.

Speaker 3 (01:12:33):
News talksb is quarter past six. We were talking earlier
about driverless cars over in America. The Waimo robotaxi thing
is taking owall. I mean it's been around for a
while now. It's particularly San Francisco. I was listening to
a podcast yesterday, a Wall Street Journal podcast about this,
and there was a woman on there who lives in
an area and where they tested a lot of the

(01:12:54):
Waymo self drive taxes, and she was saying, you know,
you go home at night, should be getting the car
back into the garage under her apartment, and beyond the
road with four self drive taxis no one in them,
just empty cars driving along the road. And just how
weird that is. She said, One night she came across

(01:13:14):
one that was sitting parked up, windows down with creep
the I don't know if you know the TLC song,
creep blearing out the windows, no one in the car,
the totally bizarre situation. However, these things seriously reduced crashes,
so eighty five percent less likely to be involved in
an injury causing crash than human drivers. This is the

(01:13:38):
studies that they've done in the US. Human era is
a factor in ninety four percent of serious crashes in
New Zealand. And you know the road tells about three
hundred and forty odd people a year, so if you
had more self drive cars, you would have fewer accidents there.

Speaker 18 (01:13:54):
It is.

Speaker 3 (01:13:55):
So just imagine an empty car, lights on, sitting there,
windows down, no one in it. Very odd, very odd,
but they'll save you.

Speaker 6 (01:14:04):
Like these things.

Speaker 3 (01:14:04):
So where are they. It's twenty twenty six, Get some
robotaxis on the roads.

Speaker 2 (01:14:09):
Please the rural report on hither due allan.

Speaker 3 (01:14:17):
Drive might not work in the country, mind you. Jamie
McKay's with us now, Hey, Jamie, gooday, Ryan, how's the
storm will start there? Affecting rural New Zealand because it's
been very widespread.

Speaker 24 (01:14:29):
Well, it's affecting all of well, it's going to say
certainly northern and eastern New Zealand. It's a shakra And
those scenes that are Mount Monganui, and I know you've
been talking about them, are truly truly horrific. Thoughts goes
out to the to the families and people are tied
up in that one. It is just goddamn awful. Look
at the storm update from a rural point of view,

(01:14:50):
it's caused heaps the damage ob these sleep rural and urban.
In terms of livestock. For instance, this forecast rain event
as big as it was as well forecasts, so not
much by why they have livestock loss. They've all been
able to move livestock to higher ground. The real issue
is obviously landslips. That's stating the obvious flooding selting on

(01:15:12):
low lowing, low lying should I say, an often very
good horticulture land. Then there's the infrastructure and roading damage
and the real challenge of getting like fresh produce out
of the likes of the Gisban region, that is the
vegetable and salad bowl of this country. State Highway too
from a Potoquy through to Gisbon is out for months

(01:15:33):
rather than weeks, we're told, and at the stage State
Highway thirty five going around the top round the East Cape.

Speaker 6 (01:15:40):
Is also out.

Speaker 24 (01:15:41):
So if you want to get produce out of Gisbon
at the moment by road, you're going to have to
go through the middle of the North Island. And I
know the keyw fruit industry is very worried about this
because they truck a hell of a lot of keyw
fruit from the Gisbone orchards to the Bay of Plenty
pack houses and obviously onto Port Taronga. Horrific damage. Horrific

(01:16:03):
rainfall numbers in Northland seven hundred mills on on. One
farmer told me since Sunday, that's like twice the annual
rainfall of Alexandra. Twice the annual rainfall of Alexandra in
three or four days.

Speaker 3 (01:16:19):
It's a lot of rain now long last, cheap farmers
making money from their wool.

Speaker 24 (01:16:24):
Yeah, while it's all relative, yes, for many years or
not for many years, certainly since COVID onward, it's cost
farmers to share their sheep they put. By the time
they pay the sharers and truck their wall off to
market or to the auction are they end up losing
money from their wall receipts. So prices have risen, and

(01:16:46):
we're talking mainly strong crossbead prices because they've been the
issue rather than the fine wall ones. The risen thirty
percent in the past year. Full lengthly selling at five
dollars thirty clean exporters can't get enough of it the
short so it looks like the market will continue up.
The last time it was at this level was August

(01:17:06):
twenty sixteen, so that's ten years ago, before sliding to
a real low five years ago in COVID in January
twenty twenty one of one sixty two cents clean. So
effectively we've seen a threefold increase in prices in the
last five years. That's good, Ryan, But if you go
back a bit further in time to the nineteen eighties,

(01:17:26):
when I was a very young farmer, we were getting
an excess of six dollars per kilogram clean compared to
five dollars a kilogram clean. Now, that was forty years ago,
so we've still got a wee bit of catching up
to do. Look, normally, when the prices get too high,
the Chinese pull the pin stop buying, but they can't
now because there's too much demand from Europe and India,

(01:17:49):
and the Free trade Agreement or free trade agreement with
India is only going to help things. Sheet numbers are
declining right around the world. In Australia and Britain, analysts
analysis shows that since twenty fifteen, our wall clip has
fallen four percent a year. At that rate, our wall
will of hard From twenty fifteen to twenty thirty, we

(01:18:11):
did have an oversupply. That's all out of the system now,
so onwards and upwards for the strong wall price not
before time. And the government did their bit back in
in April of last year when they announced government buildings
will prefer the use of wool, which is positive for
ongoing domestic for the ongoing domestic market, which further supports

(01:18:31):
the market, which is good. So you know they're doing well.
They're still making a hell of a lot more money
out of lamb and mutton than they are on a wall,
but at least it's cash flow positive now.

Speaker 3 (01:18:41):
Right, Brigant. I've got a marino jumper and there's holes
in the front of it, and my parents in law,
who are farmers, said, with wool, well, marino wall, did
you get short wool and long wall depending on where
it comes from on the sheep, which I had no
idea about, and so some of it is more prone
to boosting open getting holes in the others.

Speaker 24 (01:19:03):
True, Yeah, well, I don't know, like a hard up
broadcast a former farmer like me Roy and I can't
afford Marino. I remember my mother when I was a
kid growing up on the farm, knitting me jerseys to
wear to school out of strong crossbed wall. And I'll
tell you what, you couldn't wear those next to your skin.
They were as itchy as hell. But yeah, they took
a bit of wearing out. And those were the days.

(01:19:25):
You tell the young people of today that and they
won't believe you're ran.

Speaker 3 (01:19:29):
Jamie, Good Talk. As always, Jamie McKay hosted the Country
here on News Talks EVY. It is twenty two minutes.

Speaker 2 (01:19:33):
After six bridge.

Speaker 3 (01:19:36):
The Prime Minister's office is just announced and there'll be
no surprise I guess for you to hear this that
he won't be attending the Latin celebrations tomorrow. He will
instead be heading to the East Coast to check out
the damage and survey the damage from the weather events there,
from all the bad rain, the slash that's come down
there were Mark Mitchell said one area Tadador I think

(01:19:58):
was on the East Cape will resemble the war zone.
So he'll be going to check out those areas tomorrow
rather than head to Ratana. But Nikola Willis and Tama
Pultaka will go in his place instead. We'll get to
show biz next, News Talks MB.

Speaker 1 (01:20:13):
Whether it's Macro micro or just plain economics. It's all
on the Business Hour with Ryan Bridge and Mas Insurance
and Investments.

Speaker 2 (01:20:21):
Your futures in good hands.

Speaker 3 (01:20:24):
News Talks MB six twenty five. After News at six thirty,
we'll get to Sam Dickey. He's got a market update
for us and before Top of the and Brady has
in the UK.

Speaker 2 (01:20:34):
There's no business like show business.

Speaker 22 (01:20:37):
Still never find another like me.

Speaker 3 (01:20:49):
The Songwriter Hall of Fame class of twenty twenty six
has just been announced and it's a big one. Among
the inductees this year, Alanis Morris sett absolutely, Jean's Simmons
kiss absolutely, and of course really Taylor Swift. She becomes
the second youngest ever inductee into the Hall of Fame
at thirty six. Can you believe she's only thirty six?

(01:21:11):
I mean, how famous and how rich is this woman?
She's just three years older than Stevie Wonder when he
was inducted. The Songwriters Hall of Fame requires that inductees
have a catalog of songs to qualify for induction, but
only after twenty years from their first commercial release. Swift's
album Folklore is credited as her magnum opus of songwriting,

(01:21:34):
and she's the biggest artist in the world. I don't
need to tell you how talented she is, but what
I can do is give you a dramatic reading of
some of her worst lyrics in the Hall of Fame
and the ones that they might want to ignore. From
her song The Life of a Showgirl off her new album,
she writes her name was Kitty, made her money being
pretty and witty. They gave her the keys to the city.

(01:21:57):
Then she said she didn't do it legitly well, that's
inspired from her song Vigilante Shite draw the cat eye
sharp enough to kill a man. You did some bad things,
but I'm the worst of them. I mean, I've heard
worst lyrics than that. Swift's commonly cited cringiest lyric comes
from her song Me, where she says, hey, kids, spelling

(01:22:20):
is fun. Girl. There ain't no I in team, but
you know there is a ME. I mean, you throw
it all together with some music and it sounds not
too bad enough to sell billion bucks worth of records.
US talksb News.

Speaker 1 (01:22:37):
Next everything from SMS to the Big Corporates, The Business
Hour with Ryan Bridge and Mass Insurance and Investments. Your
futures in good hands used talks EDB.

Speaker 3 (01:23:06):
It is twenty five minutes away from seven. We'll get
to the UK within the Brady in just a few moments.

Speaker 2 (01:23:13):
Bran Brachete.

Speaker 3 (01:23:14):
Can we go to Sam Dickey for a market update.
Equity markets a whisker off their all time highs, this
despite a few wobbles recently. So what about the risks?
Samon is with us now, Good evening, Good ending, Ryan.
We've talked a lot about the exciting sort of positive
catalyst for markets over the last few months, but what
are the key risks investors should be focused on this year.

Speaker 26 (01:23:37):
Yes, there's been so many perceived risky headlines so far
so far this year is kind of like drinking from
a fire hose. So we find it helpful to remember
what really drive stop markets and that's three things. So
the direction of economic and corporating is growth, the level
of interest rates, and the valuational price of stock. So
if we look at one key risking each of those
buckets and ignore the rest of the noise. A key

(01:24:00):
driver of growth in the US has been the massive
build out of AI infrastructure. So the rubber meets the
road this year on where the big tech companies can
make a return on the hundreds of billions of dollars
they spent on AI. And as is been a side Ryan,
remember we were speaking back in October November about how
bubbly things that got in AI land. The good news
there is there's been a healthy correction the riskier names

(01:24:23):
so Orackland cool weave, which we use using tons of
debt to fund that AI built out there, down forty
to fifty percent point there is. That's good news that
investors are becoming more discerning. The second one is on
the level of interest rates. Keep an eye on debt
levels of particularly OECD countries like Japan and the US.
So take Japan for example, on the thirty year debt

(01:24:45):
that the government borrows. Only five to six years ago,
the government used to pay zero percent on that thirty
year bonds. Government bonds were at zero percent. Today it
pays almost four percent, and an interest rate has been
going up rapidly. So and there is keep an eye
on those longer dated interest rates for the US and
Japan for signs of stress. And the final thing is

(01:25:06):
markets have had a very strong run since April last year.
Equity markets are up forty four percent eight months, which
is astonishing, and the headline valuation has elevated at twenty
two times.

Speaker 14 (01:25:18):
Simplistic price to earnings ratio.

Speaker 26 (01:25:21):
The good news there, though, is that's reflective of just
some of those really big top ten tech companies being
fully valued, like Tesla trades on two hundred times p
which is pretty ritzy. The good news is blue chip
companies or quality companies that sit outside of that top
ten were left behind and twenty twenty five, in fact,
some of those companies of the most out of favor

(01:25:42):
in thirty years, So that bod's really well for focused,
selective stop picking investors.

Speaker 3 (01:25:48):
What about picking particular markets like you know, Japan and Germany.
There's a lot of talk about their stimulus that, you know,
pumping the cash in, which often leads to a lifted market.
Is that something that we should pay close attention to
or have we maybe missed the both on that already?
What's the story there?

Speaker 26 (01:26:09):
I think that's important. That's one of the key lessons.
You and I spoke late late last year about what
were the key lessons of twenty twenty five. Well, the
key lesson is it's possible to make money outside of
the US, and for the third time in fifteen years,
non US markets outperform in the US, Japan, as you mentioned, China, Brazil,
emerging markets.

Speaker 14 (01:26:30):
There's some good places to make money.

Speaker 26 (01:26:32):
Japan has had a specific stock market sort of stimulus
package going on. Apart from the fact they're trying to
reflate their economy, they've also told all of the companies
that are listed on their stock market that they must
do shareholder for any things. They must use some of
the lazy cash on their balance sheet, they must pay
higher dividends, they must drive up return. So that's been really,

(01:26:54):
really positive, and I think there's still more to run there,
notwithstanding by the way, that overriding risk of the price
of money there. I mean, just keep an eye on
those thirty year bonds. They moved very aggressively two days ago,
So we just want to make sure that the Bank
of Japan doesn't lose control of its bond market.

Speaker 3 (01:27:11):
Sam, if we were to have a Trump Liberation Day
outburst again tomorrow, this is just a hypothetical, but throw
it at you. Do you think the markets would react,
wouldn't react as dramatically as they did last year. Like
we kind of learned the lesson with him a little
bit that he that he you know, he goes crazy,
he does the art of the deal thing, and then
he pulls back and does a deal.

Speaker 2 (01:27:32):
Yeah.

Speaker 26 (01:27:33):
I think it's a spot like one of those diminishing
marginal utility of the shock factor, right or the out
of the deal it is. I mean when I talk
about drinking from a fire hose to start the year,
that was most of those headlines were related to Trump
policies or tweets should I say, and whether it be
captain credit card rates in the US, you know, the

(01:27:57):
Iran headlines of being assueded headlines, the Greenland head lines,
and I think he piled on so much and those
policies came so thick and fast it eventually the market
did blink a couple of days ago. But then, of
course he's already subsequently walked away from the Greenland threats
to an extent.

Speaker 14 (01:28:13):
The market had a big bounce overnight.

Speaker 26 (01:28:15):
So I think you're did right, Ryan, is a diminishing
marginal utility of the shop factor.

Speaker 3 (01:28:21):
What about the Iran That's the next one on the
cab off the rank if we're to believe what's coming
out of the White House. We spoke to Marco Rubio's
former pres SECT today and he was saying, look, this
is the one you want to watch. This is coming next.
There's a troop build up or military build up in
the Middle East from the United States. Is that as

(01:28:41):
big a deal? Would it be as big a deal
to markets as say, the Greenland threats have been.

Speaker 26 (01:28:48):
I think these geopolitical you know, flare ups are always
concerning most, not least, because there's a real human element.
Then we shouldn't forget about that. But what history does
tell us, You know, you can go back super long term,
over one hundred and five years. You know, we've had
a couple of world wars, you know, depression, numerous recessions,

(01:29:10):
and still markets are up, you know, hundreds of fold,
you know. But then it even shorter term and you
go back to Ukraine and even if you'd had tomorrow's
newspaper yesterday, you wouldn't have made any money. People were
convinced that, you know, gas prices would saw, energy prices
would saw, grain prices would saw because you know, Ukraine's

(01:29:31):
the weak bowl of Europe.

Speaker 14 (01:29:33):
The factors.

Speaker 26 (01:29:35):
The day before Putin invaded was the highest price we
saw for some of those gas prices, the oil price,
and some of those food prices.

Speaker 14 (01:29:42):
So it's really hard to trade.

Speaker 26 (01:29:44):
The point is it's really hard to trade around these
geopolitical events and politics as well, the US midterm elections
coming up.

Speaker 14 (01:29:52):
That's the first point.

Speaker 26 (01:29:52):
And the second point is, generally speaking, and I don't
say this lightly, the market fades these things. They move
on from these things fairly quickly. So I would put
that in the camp of not ultra important for those
three things, the price of money or interest rates, the
price of stocks, and the direction of you know, economic growth.

Speaker 3 (01:30:15):
Yeah. Interesting, Thanks for letting me throw anything I can
and want to hit you, Sam. I've always appreciated the problem.
You're insight, Sam. Dicky Fisher funds with us. Tonight it
is eighteen to seven. We're lying to the UK next.

Speaker 1 (01:30:27):
If it's to do with money, it matters to you.
The Business Hour with Ryan Bridge and Ma's.

Speaker 2 (01:30:33):
Insurance and Investments. Your futures in good hands.

Speaker 3 (01:30:37):
News TALKSBB called to seven News Talks MB. You could
hear the unclinching across Europe as Trump back down on Greenland.
Let's go to Indebrady, a UK correspondent. Did you hear
it too?

Speaker 9 (01:30:49):
Yes?

Speaker 24 (01:30:49):
Right?

Speaker 23 (01:30:49):
Look, relief, one word, relief everyone in Europe. This has
just exercised everyone's brains since the turn of the year.
I guess relief gladly. So that everything seems to be
calming down. A deal is imminent, and I think the
person we can thank is Mark Rutta, the NATO Secretary
General former Prime Minister of the Netherlands. He seems to

(01:31:12):
have Trump's here and he spent some time privately with
him yesterday and Davos, and after that everything changed. But
Trump turned up. It was fire and fury. One hour
of his speech. He got quite carried away. On multiple occasions.
He mistakenly called Greenland Iceland. We don't know, well, we
don't know if it was deliberate, as he's trying to

(01:31:32):
frighten people in Iceland as well, but he kept calling
Greenland Iceland and vice versa. It was a very strange speech.
And then everything just calmed down a couple of hours
later after he met Rutta. So something has changed. I
think a deal is imminent, but America will not be
invading Greenland. It won't be using military force.

Speaker 3 (01:31:51):
In saying all of that. The Allies won't forget this,
will they. I mean, there's been a few things not
to forget so bad, but this one in particular, Well, I.

Speaker 23 (01:32:00):
Think everyone in Europe now has come to the conclusion belatedly.
I believe that Trump is not a friend. And we
saw his behavior here in the United Kingdom. He came
here on a second state visit, which was unprecedented in September,
and within four days of him going home, he was
having a goal and being really critical about the mayor

(01:32:20):
of London, Sadik Khan, who has won three elections back
to back to back, by the way, you know, democratic
elections to be mayor of London and is doing a
good job and is a decent, hard working man. And
Trump had ripped into him just a few days after
being in London. So we know what he is and
it's all about him. It's all about the.

Speaker 16 (01:32:40):
Deal, you know.

Speaker 23 (01:32:41):
Make no mistake. Greenland's rare earth minerals will be heading
to the United States. But the question I would ask,
having had Greenlandic people on my TV show last week,
why haven't they been taken out of the earth so far?
People have known about them for a century. There's a
very good reason.

Speaker 3 (01:32:58):
Now Stama is off to China. I saw the protest
about the mega embassy in London that people didn't want
to be built. He's greenlet the nails off to China.

Speaker 23 (01:33:08):
Yes, trade deals, this is what this is all about.
He's taking quite a few British CEOs with him on
this mission to Beijing. No UK Prime minister has been
to China since twenty eighteen, back in the days of
Teresa May.

Speaker 3 (01:33:21):
So this is a big deal.

Speaker 23 (01:33:22):
And look, I think Starmer couldn't have gone to China
without signing off on their new embassy in London. It
is a mega embassy by the way, it is going
to be when it's built, the biggest Chinese embassy anywhere
in the world. Now people have had concerns. Certainly the
Hong Kong expat community are very concerned about surveillance, an

(01:33:43):
arrest and torture. That's what they allege. We know there
are bunker basement rooms put in on the architectural plans.
The intelligence services have serious concerns that those bunker rooms
will be used to tap into the financial cables that
go through the city of London, all the banking and
wire transactions. So there have been legitimate concerns raised about

(01:34:04):
why China needs and embassy of this size.

Speaker 3 (01:34:07):
But I think the.

Speaker 23 (01:34:07):
Chinese were getting angrier and angrier. They bought that land
in twenty eighteen and it's taken eight years for the
UK to grant planning permission.

Speaker 3 (01:34:16):
Now it's got a Harry. He's lift caught after two
hours giving evidence. This is the Daily Mail case in tears.

Speaker 23 (01:34:23):
Yes, an emotional finish to Harry's evidence. So two hours
understand and he gave as good as he got and
he made the point. He landed quite a few blows yesterday.
So this is his final piece of legislation or core
case against the newspapers. It's against the Daily Mail and
the Mail on Sunday who deny any wrongdoing. And Harry

(01:34:45):
very forcefully said in his evidence yesterday through tears at
the end, that these newspapers have made my wife's life
a misery. That was the key message. And he spoke
also about other relationships that broke down because the trust
was gone, or anything that appeared in the newspapers. He
would question the talsest people to him and he believes

(01:35:07):
that it wasn't people in his circle leaking information that
it was newspapers gathering things nefariously. So the case continues
and Liz Hurley, the actress and model, will give evidence
later today nine weeks.

Speaker 3 (01:35:19):
This is scheduled on Appreciate your time, Endo Brady, our
UK correspondent. It is ten to seven News Talk ZIBB.

Speaker 2 (01:35:27):
It's the Heather too.

Speaker 1 (01:35:28):
Per Se Allan Drive full show podcast on iHeartRadio powered
by News Talk ZIBB.

Speaker 3 (01:35:34):
News Talk ZIBB is eight minutes away from seven. You'll
be pleased to hear two things. One this weekend might
be a little bit cooler weatherwise, but it will be
much drier, thank you.

Speaker 6 (01:35:44):
We need that.

Speaker 3 (01:35:44):
But also in Tieder aftery Gisbin, the civil Defense there
have said that because they had a hope, as you know,
a whole bunch of road closures, they have been able
to and this is hard work of road crews open
eleven out of the thirty four roads that were closed
as a result of as a result of the weather.
So the thirty four local roads closed, eleven have now reopened,

(01:36:05):
twenty one still closed. They're working on those. The floodwaters
are receding, which means that in some cases they actually
couldn't start the work. So although I'll be able to
start the work and actually get on with the business
of opening the roads, which would be great for the region.
You're on Newstalks MB. I'm actually currently sporting a rental car.
I don't know if you remember, but late at the
end of last year I told you about how someone

(01:36:26):
don't know who, so I have my suspicions, but someone
backed into my car, and so I've finally got around
to getting it fixed. And this is a problem of
my own making, I admit. But man, rental car companies
can be quite bureaucratic, can't they. I went to pick
up the rental car, and because the car's in the garage,
and then the insurance company because your rental car. We

(01:36:47):
went to pick up the rental car and went through
all the paperwork, waited in line. Let's start there anyway,
waiting in line, doing the thing, get to it, and
then go to we need to put a security hold
on your car. Here's my card. Can't do that because
you need the card to have your name on it. Now,
years ago I lost my f postcard, so they sent

(01:37:08):
me one in the mail. And it just says card holder,
you cannot hire a rental car. And you will probably
know this because you're smarter than I am. But you
cannot hire a rental car unless the card. I have
my license and everything, but the card has to have
your name on it. So anyway, this was yesterday, So
a day later, go back and have to do the
whole thing again, get the partner involved, get my name

(01:37:32):
at it as it. Anyway, Red Moole got a car
on the road. Things are good, but boy did it
take a while. So there's a trick for young players.
Make sure you've got a card with your name on it,
otherwise you'll spend half your life at easy rentals. And
what are we going out to tonight?

Speaker 21 (01:37:48):
Prepared to wait in line? I love rock and Roll
by Jon Jet and the Black Arts to play us
out tonight. So Jone Jet and the Black Arts are
performing at the Summer Concert Series, which gets underway on
Saturday at Riverside Park in Topour. But Jones Jet and
the Black Hearts have already got to Topor a couple
of days early. And how do we know that, Well,
because they popped into the local record store. My music

(01:38:08):
grabbed one of one of her albums and signed a
few copies and stuff, said hi to the team there
and then all that. So that's pretty cool. So if
you popped out of my music, they may still have
a signed copy of a Jones Jet and the Black
Hearts album to sell you. And there are still tickets
available for that show as well. And Riverside Park. I
was just at the gig there in December. It's an
absolutely superb venue. They're going to be doing shows in
Auckland and in Wanica as well, and are also on

(01:38:32):
that bill e Pop and Zen and Hoodu Guru, so
should be pretty.

Speaker 3 (01:38:36):
Big, very cool. All right, have a good evening everyone,
And as I said at the start of the show,
thank you to all of the first responders who have
been busy across the North Island across the country today.
We will see you again tomorrow from four.

Speaker 17 (01:39:00):
M Wow.

Speaker 2 (01:39:22):
Where we can.

Speaker 8 (01:39:26):
Next.

Speaker 15 (01:39:26):
We're moving on mad Yeah, and we'll be moving on
and singing as the mold song and with me sing
in

Speaker 1 (01:39:40):
Minut for more from Hither Duplessye Allen Drive listen live

(01:40:29):
to news Talks it'd be from four pm weekdays, or
follow the podcast on iHeartRadio.

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