Full Show Podcast: 13 March 2025

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:03):
Digging through the spin spins to find the real story.
Or it's Ryan Bridge on Heather duper c Allen Drive
with One New Zealand let's get connected news talks.

Speaker 2 (00:13):
They'd be good afternoon. Coming up on the show after five,
Chris Bishop from the investment summit in Auckland. The Ministry
of Health says one thing on Bell cancer, but we've
got doctors on the show today who are going to
say another. So who's right? Who do we listen to?
Nick Smith on the polling boosts our PPP's actually cheaper
for us in the long run. We'll ask that question.

(00:33):
Jordan Williams and Rob Campbell on the Huddle today. Brig,
good to have your company. So far, so good for
the investment summit. Of course, the real proof of this
is going to be in the pudding and the pudding
and the eating, and that's not going to happen for years,
maybe even decades for some of these big projects. But
for the here and now, the question is did they
pull off this thing reasonably well enough to be considered

(00:55):
a success, And so far you'd be hard to argue
that they haven't. You've got all the suits there controlling
six trillion bucks in the room. You've got Ewie money,
You've got projects, You've got PPPs on the table. What
is not to like from this? There's an Aussie fund
that's already said it wants to bid for some of
the action. Luxeon's speech, if you saw it this morning,

(01:17):
hit all the right notes. You spoke about the tension
and the volatility in the world, the global strife, as
he put it. He says, that's what makes us appealing.
Where are we safe haven? A we bolt hole at
the bottom of the earth. Come take shelter from the
global storm, said Luxon in the room. The investors themselves
were apparently quite impressed. We are told the Overseas Investment

(01:39):
Act changes. They like those. The fast Track Bill is
a big hit. As you can imagine. Any hint of
delays and hold ups in some pesky planning laws from
a Pacific island at the bottom of the world is
not exactly sexy to these guys. They're asking questions about
the pipeline of work, not just the PPPs the that

(02:00):
the government's got on the chopping block now, but the
ones after that and for decades ahead, because who wants
to set up shop bring in all the laborers, bring
in all the machinery, get the ball rolling, and then
run out of work nobody, Which is why you don't
want the next government, whoever that might be coming in
and raiding the deregulation. Goodie bag that this lot have

(02:21):
just been handed out of the summit on that. Barbara
Edmund speaks tomorrow from Labour, So watch this space on
the whole. Though so far so good, you could say
so far so boring, but that may not necessarily be
a bad thing. Steady, predictable, easy going. They good qualities
in a foreign investment partner. If you're looking though here
for quick wins, big announcements from the summit, it's clear

(02:44):
that you've come to the wrong place, Ryan Bridge. At
the very least, I suppose it'll send a message that
we're open for business. Nine minutes after four here on
news Talk, said b law firms and the government are
scrambling this after an unexpected ruling by the High Court
in Wellington in question a permit that the NZTA had
got to inadvertently kill bats and keiweed during the build

(03:08):
of the Mount Messenger bypass. The court ruled that permit
was unlawful. In simple terms, nothing can be killed unless
it is diseased or there is over population, but that
will likely impact developers and everything from minds to roads,
a whole bunch of stuff. Now, Sally McKinney is with

(03:28):
Simpson Greers and she's a partner, and she's had to
break it down for us. Good afternoon, Good afternoon, right, Sally.
How many projects could this potentially affect?

Speaker 3 (03:38):
We don't know exactly because there's no public list of
companies or entities that hold these permits. But if you're
a commercial or industrial infrastructure builder or developer with a
big footprint, particularly if you've got vegetation clearance, it's very
likely you've had to get a wildlife permit or you've
got one you're applying for at the moment with doc

(04:00):
very wide.

Speaker 2 (04:01):
So they're not going out and shooting key we are there.
I mean, it's just if you're clearing vegetation, some might
die in the process.

Speaker 4 (04:07):
Is that it?

Speaker 5 (04:09):
That's most of the permits.

Speaker 3 (04:10):
Yes, it's for situations where you might inadvertently kill something,
so you do your best to clear an area, but
your experts tell you that even if you use exhaustive efforts,
there will be some lizards. For example, left behind, and
some may be killed when you then move the rocks
or move the earth or dig the whole right, So no,
one's very few of these are to do it on purpose.

Speaker 5 (04:32):
Some of them are, but very few.

Speaker 3 (04:34):
These ones are much more inadvertent by catch, if you will,
of development.

Speaker 2 (04:39):
Okay, is this a big deal? I mean, does this
mean that you know all the current permits might be invalid.

Speaker 3 (04:47):
For the permits where these commercial questions. Yes, there's real
uncertainty about that. It's a case by case basis rhyme,
so it will depend on the given permit. But we've
got clients, we know, we've got colleague firms around town
who have clients trying to work exactly that out now.
Because this covers more than just native species. There's nine
hundred native species. This covers four hundred birds, three species,

(05:11):
that's one hundred and thirty something reptiles, a whole lot.

Speaker 5 (05:14):
Of introduced species. So wildlife is not just protected wildlife.

Speaker 3 (05:19):
It's any wildlife in New Zealand that basically isn't feral
or that you would usually think you could hunt. It's
a really broad description of what wildlife is.

Speaker 2 (05:28):
It sounds like a bit of a mess. Does what
happen needs to happen. Does the government need to come
in and regulate here or change the law in some way?

Speaker 5 (05:36):
Yes, I think they do Ryan twenty nineteen.

Speaker 3 (05:39):
There was a big decision from the Supreme Court which
started this problem, and at that point they probably should
have changed the law. Then Doc's been trying to work
around it, and that work around on Monday, that door
got closed. So the only practical work around for developers
who don't want to kill but no they might and
are being responsible and getting a permit, they can't get
those kind of permits now, and so they can't.

Speaker 5 (06:00):
Do those works.

Speaker 2 (06:01):
So does that mean stuff's actually on hold?

Speaker 5 (06:05):
Certainly that is a real possibility.

Speaker 3 (06:07):
If you're currently getting if you currently have a works permit,
a construction permit to undertake land clearance, you would be
looking very hard at whether or not you could do
that lawfully.

Speaker 2 (06:18):
At the moment, that's not a great look when we're
trying to get all these overseas investors to come here
and do their digging, is it?

Speaker 3 (06:26):
The timing is very unfortunate. I mean this hearing was
in September. The government wouldn't have known the judgment was
coming out this week. They can't influence that. But yes,
it came out on Monday. I mean the government didn't
want this. The Department of Conservation have been quite pragmatically
coming up with a workaround.

Speaker 5 (06:43):
But the courts now said that's not allowed under this law.

Speaker 3 (06:45):
And so if the government wants that pragmatic process to continue,
then they're going to need to change the law.

Speaker 2 (06:53):
Okay. Interesting, Sally, thank you very much for that. That's
Sally mckickney. She's a partner at Simpson Greerson. Just gone
thirteen minutes after here on News Talk SEVB. Before we
get to Darcy, I'm looking at a picture right now,
photo of the Fijian Prime Minister. This is Rambooka. He's
sitting back in a leather chair looking quite comfortable, thank
you very much, wearing a lovely suit, a three piece suit,

(07:15):
and there's a Fijian flag behind him. He's got his
head to sorry, his hand up to his chin, and
just popping out of the top of his suit arm
is a gold watch. Now it turns out this gold
watch is a Rolex. Turns out this gold watch, this
Rolex is worth one hundred and thirteen thousand New Zealand

(07:37):
dollars and the question is where the hell did he
get that from. The opposition is wondering the same thing.
A former Prime minister is wondering the same thing, and
Rambuka himself he's refusing to answer any questions about it. Now. Interestingly,
he recently pardoned. This is according to local media, he
pardoned a very wealthy businessman facing criminal charges. The irony

(08:00):
in this story, I mean, who knows, maybe he bought
it himself. But the irony in the story is that
next week he's tabling a bill in the Parliament and
the title of the bill is Code of Conduct.

Speaker 1 (08:12):
It's the Heather d Pussy Allen Drive Full Show podcast
on iHeartRadio powered by News TALKSB.

Speaker 2 (08:19):
News TALKSB. It's seventeen minutes after four. That means Darcy's
here with Sport. Hey Darcy, Hello, Ryan Boden Barrett. He's
going to be back from injury. Actually a little sooner than.

Speaker 6 (08:28):
We thoughts, well, no one actually knows. Then Cotta seems
to think, maybe, you know, three to four weeks after
therebye he might be back, and then Meadows said, oh,
probably four or six weeks, so somewhere in between, So
between three to six weeks he might magically heal his hands.
It's happened before, happens quicker. But I don't think we

(08:48):
should be so freaked out about that. Okay, because Stephen
Pierrefeta is back now after some injury, and of course
we've got Harry Plummer who managed to steer the Blues
to that title last year. So it's not like they're
without pivots. They've got guys to play the role. No
one like Bowden Barrett, who's it's a freak show, but
he's also Boden Barrett coming toward the end of his career,

(09:11):
where Stephen pelfea Harry plummel that he's running off to France.
These are guys are on the app so I don't
think it's necessary. The worst thing it's not, you don't
want there, but this is the nature of super rugby.
It's combative and people.

Speaker 2 (09:25):
Get broken, broken fingers. And the meantime he's drinking wine.
Have you seen that today? He's starting some kind of
wine company.

Speaker 6 (09:33):
Read Wine's good for you, isn't it?

Speaker 2 (09:34):
Well? In dark Chocolate founding not for your fingers. Daniel Dubois,
he's confirmed he's ducking out of this Joseph Parker fight
what's going on?

Speaker 6 (09:42):
It's called him fleeing ah, because he was supposed to
fight exposed to Joseph Jurassic Parker for the right to,
you know, to take that belt and then maybe move
on up to take on Alexander Usk for the grand
title the undefeated at the everything. But of course Danny
got a headache, or he got a sore throat, or

(10:03):
he cut his finger, or he had a car or
I don't know, but he said, oh no, I can't.

Speaker 7 (10:08):
So they pulled out of it.

Speaker 8 (10:09):
So explosives like heh, here we go.

Speaker 6 (10:11):
So we took on this guy from Africa who was
well out of shape, smack him in the head and
he fell over. And he's sat in there going, well,
when's our rematch, Daniel, And he's like, nah, I don't think.

Speaker 7 (10:22):
I want this rematch anymore.

Speaker 6 (10:23):
I think I'm going to fight looks under usick because
that means my belt goes in the line along with
his three belts, which means the winner of there becomes
the undisputed world champion. Now, the conspiracy theorists are probably right,
would say the reason to buy a ran away from
Joseph Parker as he was afraid to get beat and
then his chance of becoming the undisputed worlds.

Speaker 2 (10:46):
Because this is the second time we've had someone running
away from a fight just recently, isn't it.

Speaker 6 (10:50):
It happens all the time.

Speaker 2 (10:51):
Yeah, but I mean, what sort of sport is this?
You can just run away?

Speaker 7 (10:54):
Run away, run away?

Speaker 6 (10:56):
Do you remember Asterix and Obelix the cartoon Asterisk the No,
you don't remember Asterisk the Gaul No. Wow, you can
get absolutely on text for that.

Speaker 2 (11:06):
How old is that?

Speaker 9 (11:07):
Oh?

Speaker 8 (11:08):
Okay, it's quite a long time.

Speaker 6 (11:09):
Yeah, it's a wonderful gallic cartoon.

Speaker 2 (11:13):
Tinton, you know Tinton?

Speaker 6 (11:14):
Okay, there you go, the same thing. And there was
a fight once and the King Vital Statistics or the
chief of the gauls he basically just had lapse of
the ring as fast as he could and the guy
trying to find him couldn't catch up. And that's one something.
And that that was summrise.

Speaker 2 (11:29):
At the end of it, you've got a title on
your belt.

Speaker 6 (11:33):
Stand there and punch. But Joseph would have to be patient.
But he's been patient before. He'll be patient again. He's waiting.
They're all afraid of him.

Speaker 2 (11:40):
Darcy will see you tonight.

Speaker 6 (11:43):
On the show. Tonight will be joined by Liam Lawson's father,
Jared Lawson, the head of the Grand Proof starts tomorrow
the IF one and also golfer. Ryan Fox makes an.

Speaker 2 (11:52):
Appearance on the show to brilliant look forward to it. Then, Darcy,
thank you very much. Now Murray Olds is the Australia correspondent.
He's coming to us after three thirty. Well then just
an extraordinary tale. I mean we'll talk politics and other
stuff as well. But he's also got this tale about
an American tourist who takes a wombat, a baby wombat
from its mother, videos the whole thing, puts it on

(12:13):
TikTok anyway. Now they want to deport it. That's coming
out after News twenty one after.

Speaker 1 (12:17):
Four Informed Inside into Today's Issues. It's Ryan Bridge on
Hither Duper c Ellen Drive with one New Zealand. Let's
get connected news talk sa'd.

Speaker 2 (12:28):
Be twenty four after four. Great to have your company
this afternoon. Now, remember last Friday we were talking about
this report into Health New Zealand and I did an
editorial on it. Somebody who's actually texted to say, I
remember when you opened the show last week on that
Deloitte health report. Where is all the media coverage of
it on TVNZ and stuff. I can't answer for them,
but we definitely covered it here on the program last

(12:50):
Friday and it was basically, I mean, it was shocking
to read a lot of it. How do you go
from such a massive surplus to such a massive loss?
Pretty much overnight didn't know whether they were Arthur or Martha.
They said they had five hundred million dollars in savings
that they're going to make, but they had no plan,
They had no follow up. Remember this, They had no

(13:10):
and didn't save anything as a result because there was
no plan to actually do it. They just said they
would and then that was it. Well, today Newsroom has
reported on one of Lester Levy. In a less Levy
they brought in to run the shop, one of his
deputies is alleged to have said something which was quite
bad to the health ENDZED staff. So this is a

(13:32):
former PwC partner, Brent gold Sack. So Goldsack comes into
a meeting a number of sources have recounted that Goldsack
told a finance meeting that despite hundreds of accountants at
the organization, quote, I could cut my effing thumbs and
fingers off and still have too many fingers to count

(13:52):
the number of people on this call that can do
accounting brutal. He also apparently said they're going to be
bullets coming for executives, and I'll be firing them now
within a couple of weeks of saying that some of
these executives were gone. Now, this, if true, totally out
of line for the public service. You cannot condone that behavior,

(14:15):
can you? You can't. But if you read that report
last Friday, the waste, the missed opportunities, if you've been
waiting years for an operation, if your grandma has been
waiting years for an operation. You know, if you're being honest,
isn't there just even a small part of you that

(14:38):
smiled when you heard that? Just a little bit? I think,
if you're being honest, there is twenty six after four.
Now some good news this afternoon. We've got tourism numbers
out for January. This includes Chinese New Year, and we've
got a China bump, which is great. Three hundred and
seventy thousand visitor arrivals in January. That is ninety three
percent of pre COVID so the January twenty nineteen we

(15:03):
are now at ninety three percent of that, which means
we're climbing our way out of the tourism hole that
we've found ourselves in. Now the visitor levy came in
in October last year that went from thirty four increased
from thirty five dollars to one hundred dollars, so it
doesn't really seem to be shaking them too much, shaking
their confidence in our shaky aisles, which is great news.

(15:24):
So hopefully that keeps climbing. Things are looking up. Twenty
seven after four Muriold's out of Australia.

Speaker 10 (15:30):
Next we.

Speaker 11 (15:37):
Benet to.

Speaker 5 (15:46):
The next.

Speaker 1 (15:51):
On the iHeart app and in your car on your
drive home it's Ryan Bridge on hither Duper Clan Drive
with one New Zealand. Let's get News Talks dB.

Speaker 9 (16:07):
Good afternoon.

Speaker 2 (16:08):
That is twenty five away from five News Talks B
before the top of the Barry Soapers. Here his take
on the International Investment Summit. After five thirty tonight, we're
going to talk to Nick Smith, Local Government, New Zealand.
I agree with Nick Smith. Why do we only allow
voting in local body elections by post? Who uses posting wine.
I know there'll be people out there who do, but

(16:29):
most people don't. It takes a month for you to
get a letter anywhere, so they are asking for in
person booze like we do with the general election. I
say bring it on, Nick Smith after five thirty news talksb.

Speaker 1 (16:41):
It's the world wires. On news Talks, they'd be drive.

Speaker 2 (16:45):
Across the testsman elbows getting a hammering in the House
because they didn't get a free pass on Trump's tariffs.

Speaker 12 (16:50):
Frankly, we need to have a team in Washington, DC
and a team in camera that can put our case
forward and can get the access it needs to make
our argument. And I have to raise the question about weather.
Aaron Besser Kevin rd's best place to do that.

Speaker 2 (17:03):
More from Murray eld than the second bad news for
those astronauts stuck up at the International Space Station. The
SpaceX mission that was meant to pick them up today
couldn't take off hydraulic issues with the launch pad.

Speaker 10 (17:13):
Apparently SpaceX ld on countdown one at this time we
were standing down from today to further address hydraulic Reallyseata, Yeah,
sorry about the unfortunate result today, but we'll get you
back up here and there soon.

Speaker 2 (17:26):
Did really have to, like your colleagues, wouldn't you? It
was an eight day mission that I've now been out
there nine months, no saying at this point when the
mission will actually go ahead. Finally this afternoon, trying to
figure out what that is. A Swiss politician has been
fined twelve thousand New Zealand dollars for ordering a couple

(17:47):
of water pistols off Timu. Prosecutors argue that the politician
broke weapons laws as the bright pink water pistols could
be mistaken for real firearms. Politician has paid.

Speaker 1 (17:59):
The time International correspondence with ends and eye insurance, peace
of mind for New Zealand business.

Speaker 2 (18:05):
Mary old Is Australia correspondent Marry good afternoon.

Speaker 9 (18:08):
Hey are Ryan, Good afternoon.

Speaker 2 (18:09):
Good to heavy here now. Wispec's boss has said, stop
the winding about these tariffs.

Speaker 9 (18:15):
Yeah, absolutely, you know, and there's a caveat on that.
Don't forget that there may be more tariffs and posed
on Australia and other countries in the next few weeks ahead.
But when you look at what has happened to Australia
and just in you know, we'll confine our remarks to Australia.
The twenty five percent tariff on Australian steel and aluminium
is negligible. Really, the two commodities together are worth around

(18:39):
one billion dollars last year in exports to America. Tital
exports from Australia six hundred and fifty billion. Now, the
United States only makes fifty percent of the steel that
needs every year, so it's going to get the balance
from somewhere. And guess what, all of a sudden, there's
twenty five percent more expensive for American manufacturers and consumers.
So not sure where where Trump's going with this. And

(19:00):
this is the context for a statement this morning in
Sydney the Westpac chief executive guy called Anthony Miller. He says, listen, listen,
don't start crying about Washington. Have I guess what's an
air doorstep? For example, Indonesia two hundred and eighty four
million people, just a stone thrower way. It's a drive
in a nine eye. He says, we should focus on

(19:23):
the Asia Pacific. Look at India one point four billion people,
a bloody sight closer than the United States. He said, listen,
don't bite back, and Anthony Aubanize already said we're not
going to. But it's very interesting that Miller said this
at the Institute of Finance event here in Sydney. He said,
have a look at agriculture and education, two supremely important

(19:45):
commodities for Asia. Agricultural goods and education. Australia already makes
about thirty five thirty six billion dollars a year from
hosting international students here. It's a huge export industry. Okay,
and Miller's also said Cole Iron a very important. But listen,
we've got to stop crying about Washington and pivot towards Asia.

Speaker 2 (20:07):
Yeah, fair enough point too. Now, Peter Dutton, he's denying
claims that this party's looking to knife him. What's that about, Well,
that's right.

Speaker 9 (20:13):
I mean, in the context of the upcoming election, I'm
not surprised to see these stories as a phony election
campaign on right now, and I hear the opposition in
Canberra whining away about alban Easy, saying oh, we should
have we should have had a carve out especial for Australia.
It doesn't work that way, and the opposition knows that
it's just cheap politicking trying to make alban easy look hopeless.

(20:37):
Well the Dutton's apparently, according to some reports, he had,
notably in the Murdoch Press, Dunton's looking pretty hopeless. For
members of his own back bench, they say, listen, pal,
what are you doing? Where are the policies and what
about that half what you've got as a shadow treasurer.
I mean, please, honestly, it wouldn't feed that fella his
naher is now. But Dutton's hit back. He said, listen,

(20:59):
we're going to lease our policies and our own good time.
And you know, I'm expecting to see the bulk of
Dutton's Budget reply speech, which would be later this month.
The Bulka BET's going to be laying out some of
us wares for the election. But you know, the government's
really belting Dutton and he's the key focus for a
lot of the attacks from the government. For example, the

(21:20):
Foreign Affairs Minister Penny Wong says, listen, Dutton's just not
cut out to be Prime minister. You know, his colleague
are saying we don't know what Dutton stands for, never
real leadership. That's what I'll tell you. He's just not
cut out for the job. So the gloves are off.
It's on for young for one and all. And we
haven't even had the election campaign.

Speaker 2 (21:38):
Don't even have a date yet. Yeah, let's talk about
this hideous woman who American apparently a hunting influencer. Have
you heard of a hunting what there was before any
were hunting? And no, no, what's she doing with?

Speaker 9 (21:51):
Call me stupid, Ryan, I've never heard of it.

Speaker 2 (21:54):
What's she doing with your one bets?

Speaker 9 (21:57):
Well? Look, she's apparently wandering around the outback with Australian
fellow who's taking photographs of her interactive with Australian wildlife. She's,
as you say, a hunting influencer. She goes with the
name of Sam Strays Okay strays is and stray animals.

Speaker 2 (22:14):
And here she is.

Speaker 9 (22:14):
She's apparently here and this footage comes from last year.
We understand. She's shown in the footage catching a little
baby wombat on the side of the road during the night.
An Australian man is filming, laughing like a drain. She
runs across the road holding this little baby wombat up
in front of the camera, the little feet of dangling

(22:35):
in the asses, and the man says, look out, the
mum's chasing her look out look Out well please, and
she posts this on wherever the hell they post these things,
and about it's designed to influence people anyway. The penalties
for this up to a quarter million dollars if you
don't mind, you silly woman, and up to seven years

(22:55):
in jail. I mean, look to be fair, the wombat
wasn't hurt. Baby are reunited pretty quickly. But I mean,
for stupidity, it's a bit hard to think of anything
more stupid, really, isn't it.

Speaker 8 (23:06):
Don't you think?

Speaker 2 (23:07):
Yeah?

Speaker 1 (23:08):
That is.

Speaker 2 (23:08):
It's completely stupid. In fact, the only thing dumber than
doing it was putting it on social media. You'd have
to say, Mary, you go, thank you for that. Murray
Old's our Australia correspondent. Eighteen minutes away from five. You're
on news talks. Here be Chris Bishop here on the
governor's investment conference in Auckland. How's it going. We won't
just ask him, though, We're also going to ask some
of the attendees what they thought. Barry Soper here next

(23:30):
Peters in his war on woke golf coming home at
the weekend. It's all on.

Speaker 1 (23:35):
Politics with Centric C to check your customers and get
pement certainty.

Speaker 2 (23:39):
News talks here. B it's quarter to five Barry Soapers here.
Hi Berry, good afternoon, Ran, Hey, not much. I'm glad
to see you're covering the international investments. More coverage of
Just Sinda's children's book today.

Speaker 7 (23:50):
Look, I saw that I've got a children's book of
Just Dorn at home. I refuse to read it. It's
so crappy. Little boy I read it. I read it
once to him and I thought, what does it mean?

Speaker 2 (24:03):
It was just rubbish one that she's written, or one.

Speaker 7 (24:07):
Fairness to her, it was about her life children, And
I thought somebody gave it to us as probably as
a joke. But we were doing this. And when I
saw the headline on another book today for kids, I thought, no.

Speaker 2 (24:21):
No, well clear of My favorite book kid's book was
The Train That's Afraid of the Dark. Did you have
a favorite when you were growing up?

Speaker 11 (24:27):
Oh?

Speaker 7 (24:28):
Probably Donald Duck or something.

Speaker 2 (24:31):
Hey, enough of that nonsense. He is this summit so
Lass basically turned salesman.

Speaker 7 (24:37):
Oh, he most certainly has. And you know, the timing
of the summit actually couldn't be better when you consider
that the international trade war as well and truly underway
with Donald Trump. There's economic uncertainty throughout the world, and
we're sort of saying, look, we've got all this opportunity

(24:57):
in this country, so let's hope that projects come through
and these people start investing to that end. I see
you're going to be interviewing Chris Bishop Lader the Fast Track.
There were three projects announced today as part of the
Fast Track, and it's great. But what they're trying to
do is look at infrastructure this country, hospital, schools, pipes, roads, prisons, etc.

(25:24):
And getting some money into the country for those New
Zealand if you listen to the Prime Minister, it is
a safe shelter. That's what he told these people at
the summit today, and he said that when you look
at the tension. I thought his speech was actually pretty good. Yeah,
when you look at the tension and the volatility and
strife in the world today, he thinks this country is

(25:45):
pretty special. And he said there was a lot to
crow about when it comes to this country. And he
cited the great innovators of New Zealand, Ernest Rutherford splitting
the atoms, going back a long way. But he also
mentioned Peter from a rocket lab and I remember I
met Peterbeck once on an in New Zealand inaugural flight

(26:06):
into Vancouver, and we were up in Whistler and I
was standing on a platform on a flying Fox with
this young bloke with a really strange hat on, and
I said to him, so what are you? And two
what are you on this mission? He saw him into rockets.
I thought, a rocket man. Off you go, so off
he went on the flying Fox. I just wish i'd

(26:27):
taken him more seriously.

Speaker 2 (26:28):
Made a bit of money. But not just because of that,
but because he's from down your way. He's from Southland too,
so you would have had a great connecttion. Well, if i'd.

Speaker 7 (26:34):
Realized that, I didn't realize at the time, Ryan, I
would have been all over him. But there you go.

Speaker 2 (26:39):
And now Winston was all over golf. Golf's now coming home.
He's actually quite quickly too home this weekend.

Speaker 11 (26:44):
Well, it's incredible.

Speaker 7 (26:45):
And you think, and I saw golf when he was
home last time. I went to the British High Commission
ball in Wellington and ran into.

Speaker 2 (26:53):
Phil Gold showing off, I have not anything else. Do
you want to get off with the Queen?

Speaker 10 (27:07):
Oh?

Speaker 7 (27:07):
Yes, I've met the Queen several times. But no, but yeah,
where will we Gough? So the story that Gough told
me it wasn't very pleasant one. He said he came
back to his house here in Auckland and it had
been burgled and ransacked, so it wasn't a very pleasant
homecoming for him. Then this would be probably not as

(27:28):
bad as that. But when you're concerned, last week he
thought he had a job for a few more years
in London, made a silly remark in Old Winston said
times up mate.

Speaker 2 (27:39):
Harsh punishment, but probably a necesss three one. Yeah, I
think so. Now Peters is continuing his war on woke.
What's the update today? Well, I love it.

Speaker 7 (27:46):
Because you know, Winston's going out and saying that you
know this Tek Hunger lead that advertised the mystery Foreign
Affairs for one hundred and forty five to one hundred
and seventy grand a year, not a bad job to
basically sell the concept around customary practices and principles for

(28:07):
MALDI within the department. So not bad. But Peter's had
a look at this, said no, no, it's not going
to happen and canceled the ad and it was taken
offline today. But he's been taken to issue at himself,
basically because he essentially in his own parties constitution it

(28:30):
says that MPs should consider or should be considered if
they have different different genders, social group ages, ethnic groups,
and they should that's the sort of people they should
be looking at. Well, that's not work. I don't know
what is Labour's CRUs Hipkins He said that Peter's war

(28:50):
on Wokism should be actually seen for what it is.

Speaker 13 (28:53):
Winston Peter's absolutely adores Donald Trump. He wants to be
just like him. He's a pay limitation, but he's giving
it a go. I think this is just typical saber
rattling by Winston Peters. The reality here is no one
is getting their job in the public service because solely
because of their agenda, or their identity or their ethnicity.
They're getting their job because they are the best person

(29:15):
for the job.

Speaker 7 (29:16):
It's news to me because there is a lot of
bars within the public servers.

Speaker 2 (29:20):
But it's so hard to prove that's the problem, isn't it.
How do you say, oh, that person's there because they're
missing a leg or whatever.

Speaker 7 (29:27):
Yeah, that's right. I don't know if the missing leg
is the right analogy or they've got three n't be
quite good?

Speaker 2 (29:38):
Actually, thank you? Serious politics, isn't it very sober? And
News Talks Senior political correspondent. Coming up next, I'll tell
you the inflation numbers out from the US. Actually they
are better than expected. But that doesn't mean it's necessarily
time to pop up in the champagne and celebrate. I'll
tell you why.

Speaker 1 (29:58):
Digging into the issues that have beg you.

Speaker 2 (30:00):
The mic asking Breakfast, Welcome to.

Speaker 14 (30:02):
The International Investment Day. I found it to what bewildering
on us say. It is not said that Gimmy Anderson
on the show yesterday said foreign investment wasn't the answer
to our problems, because actually it is.

Speaker 2 (30:12):
The plan is to write the world.

Speaker 15 (30:13):
Is washed with cash.

Speaker 16 (30:14):
Absolutely so about a lot of opportunities. Right thing one
needs to compete.

Speaker 2 (30:18):
We once had our act together.

Speaker 14 (30:20):
Today and tomorrow hopefully is about restoring our rightful place
as progressive. Go yet back tomorrow at six am the
Mic hosking Breakfast with the rain Driver, the Laugh News
Talk ZB.

Speaker 2 (30:31):
Great to have your company, just gone six minutes away
from five. Now after five o'clock, I'm gonna talk to
Chris Bishop. He's the Infrastructure Minister here is the man
in charge of the summit in Auckland. That everybody is
talking what most people are talking about, but we're also
going to hear from an investor about how they think
that the conference is going. You know, what's the chatter
and the room like amongst those have come over, particulars

(30:54):
who come from overseas. That's really what we want to know.
So we'll look at that and speak to Chris Bishop
after five o'clock. Now over and in the United States,
inflation obviously a number we want to watch very closely
because it dictates well a lot of their economy obviously
have an effect on the FED, and it's the world's
largest economy, so that has an effect on us. Now,
they've got their February inflation numbers out up two point

(31:14):
eight percent, which is down from three percent in January,
so that's good news. Markets were expecting two point nine,
so it's a bit surprising. On the upside, that is good.
Core inflation is up three point one percent. Now, that
is the lowest number year on year since twenty twenty one,
which is to say that all of this is good news,
but nobody's celebrating nobody's quite popping the champagne corks just yet. Why, Well,

(31:40):
it's the tariff monster, isn't it. Trump's tariff monster coming
to gobble up all of the gains. That is what
people are worried about. That is what the markets are
worried about. They opened with a breath of relief this
morning and then they pull back. So there you go.
That's inflation out of the US. Time is now five
away from five bridge. I find this story fascinating. You
know you to joke, well, did you joke that once

(32:02):
you got married you'd get fat? You know, you're skinny.
To your wedding day, you put your dress on, you
put your suit on, and you look good, and that
is about as good as you. That's the hottest you
will ever look. From there, it's a downhill slide into
obesity basically. Well, actually they've did this is Polish cardiologists.

(32:22):
They've looked at the data and they have found that
marriage triples the risk of obesity, but only in men,
not in women. So married men three point two times
more likely to be obese than unmarried men, which is interesting.
So I don't know why that is. I mean, obviously,
if you're if you're single, you need to be a bit.

(32:44):
You need to look after the way that you you
know your parents so that you might attract a mate
if that's what you're after. But also maybe just thinking
about what my relationships like at home, Not that you
care or want to know, but you know, sometimes you
can get fit a lot of food, you know, And
I just wonder, I just wonder whether that might have

(33:05):
something to do with these numbers. News Top CMB Chris Bishop.

Speaker 17 (33:09):
Live next Your.

Speaker 11 (33:24):
People Like.

Speaker 1 (33:49):
Questions, answers, facts, analysis, The Drive show you Trust for
the full picture. Brian Bridge on Hither Dupless Allen Drive
with one you see, let's get connected.

Speaker 10 (34:01):
News talks, they'd.

Speaker 8 (34:02):
Be good evening.

Speaker 2 (34:03):
The investments summit underway in Auckland right now and on
the table. We've got PPPs to build, finance, maintain this
new section of the Northern Expressway. We've got three new
courthouses and a revamped Christ Church Men's prison. Brett Sheppard.
He's from Craig's Investments Investment Partners. He is there representing
investors and he says, so far they're liking what they're hearing.

Speaker 15 (34:25):
The people.

Speaker 18 (34:25):
I've talked to you last night and again this morning,
absolutely committed on the basis that there was a continuation
of a program that they believe so commit human capital,
knowing that as bipartisan that'll see through an election cycle
and it's on a sustainable basis.

Speaker 2 (34:40):
Is Key Chris Bishops and charges with us now home minister,
good day, How are you good? Thank you? Anything tangible
come out of this year or is it fair to
say this is deals will be done later.

Speaker 19 (34:51):
Deals will be done later and in the coming weeks,
months and years ahead. This is about a long term pipeline.
I mean one tangible commitment we've already had today from
Plenary Group for its They've promised to set up in
New Zealand office here and they promised to bid on
the next five PPP opportunities that come up. So that
is actually a commitment they've just made, I think in
the last twenty four hours on the basis of what
they've heard it the summer and then the lead up

(35:12):
to it.

Speaker 2 (35:12):
So that's good, That is good. The bipartisan thing obviously
very important. You've got Barbara Edmund speaking tomorrow. How I mean,
do you have an agreement that whatever you decide while
you're in government, they'll stick to because that's really what
these guys want to know.

Speaker 19 (35:28):
Yeah, that's been a constant theme of today is hearing
from the delegates. They like the fact that you've got
national and labor in the room, being mature, grown up
adults agreeing on working on a pipeline and also the
funding model. So Barbara Edmunds wrote a forward to the
PPP document that we released as a government. That is
really important, and I'm working with her on the thirty

(35:49):
year Plan for Infrastructure in New Zealand and I actively
want to involve the opposition in that. And I think
the reality is we need as a country to do
that right because these guys long term certainty, they want
to invest in New Zealand. They need to understand that
their investments are safe and secure and that there's also
a pipeline so that they can invest in human capital
and they can invest in the kit and the machinery.

Speaker 2 (36:10):
So that is really important.

Speaker 19 (36:12):
Frankly, if we're honest about it, we haven't been very
good at that as a country. Governments come and go
on the project, come and go. Let's get mature about it.
Let's be adults in the room and build for New Zealand.

Speaker 2 (36:22):
All right, Chris Bishop, thanks so much for your time.
That's the Infrastructure Minister, Chris Bishop in Auckland nine minutes
after five. Ryan, So we brought you this story last
week of the bow screening program. The government has moved
to lower the age for everybody from sixty down to
fifty eight. Now that has meant that they have cut
a program that was lowering the age from sixty down

(36:44):
to fifty for two particular ethnic groups, for Marty and Pacifica. Now,
last week I asked the Health Minister whether Mardy and
Pacifica are more predisposed to getting bowel cancer at a
younger age. This is what he said.

Speaker 20 (37:00):
No, the advice is that bow cancer risk is similar
across all population groups at the same age. So that
that's the evenize that we've presented by the Ministry of Health.

Speaker 2 (37:11):
So listening to that with some doctors who thought there
was something wrong. Matt Wheeler is with the Royal Australasian
College of Physicians. Matt, Hello kid, how are you? Kelber
Gi Calder? Thanks for being with me. Is that true?

Speaker 4 (37:26):
From what I have seen? And I think the caveat
here is that I'm a hematologist I'm not an on collegist,
but I'm also a general physician and so do work
quite significantly in diagnosing cancers. But from what I can
see from the experts, and this includes groups from the
University of Otago, Hey, Yahood, and Malway, that's not true

(37:49):
that the actual peak age of diagnosis of bow cancers
is earlier in Mary than non Marty. And that was
why the original screening program had bow screening down to
the age of fifty for Marty and Pacifica, yet had
the screening age stop its down to sixty for non
Marti populations. Because of that difference in an age of

(38:10):
diagnosis and and the proportion of young diagnosises of bowel cancer.

Speaker 2 (38:16):
What you're saying is quite significant then, because basically you're
saying the Ministry of Health is wrong when they say
that bowel cancer risk is similar. Doesn't matter what color
you are.

Speaker 4 (38:29):
Yeah, one hundred and and there's a there's plenty of
publications and groups that have previously said it. There's even
a specific report that was produced by the Marty Doctors
Association called the Order that specifically said that that firsty
processible bowel cancers were diagnosed in Marty under the age

(38:51):
of sixty, and there's there's some quite significant graphs out
there that show the peak age and incidents is different
from but it's non marty.

Speaker 2 (38:59):
So so when because the minister says that this will
save an additional one hundred and seventy six lives over
twenty five years, you guys have put out a press
release today saying that this will cause more deaths. So
you can't both be right. So for anyone listening at home,
I mean, this is a bit of a stale mate,
isn't it.

Speaker 4 (39:18):
Well, it's all about how you crunch the numbers. So
if you if you look at the number of additional
deaths that would prevented over twenty five years for the
lowered age, which is down to fifty, you were actually
getting three hundred and ninety deaths that you would prevent
over twenty five years. That's three hundred and ninety people.

(39:40):
That's three hundred ninety five Noh, that would lose a
loved one. By changing the age for everyone down to
fifty eight, you prevent five hundred and sixty six deaths. Now,
that's simply because the non multi population, including the mighty population.
By shifting that down to fifty eight is just sheer greater.

(40:01):
So they're talking the whole numbers. But isn't that the
point of a difference.

Speaker 2 (40:05):
A public health system should try and do the greatest
good for the greatest number of people, should it not.
I mean, if you if you've got limited money and
you can save an additional one hundred and seventy six lives,
shouldn't you go with that option? Otherwise you I mean,
you're saying you would kill more.

Speaker 4 (40:23):
Well, the answer then is why aren't you doing both?
Because what you're what this isn't what we're not talking
here limited standardization. So if you're well, but they've said
that there's money, and they've said they've said there's money
time and again when when the need is required and
so when this is the difference between equality and equity,

(40:47):
and equality is about trying to do the most good
for the most number of people. But that doesn't account
for the fact that some people get diagnosed with cancers
ten years earlier than others. And so what we do
in health as we quite often we talk about quality
adjusted life years, and that's talking about if you've got
an age standardized rate where you're diagnosed with things at

(41:09):
a younger age that that actually for the amount of
money that you're you're getting.

Speaker 2 (41:14):
I get that. But that's that's the other point that
we're still debating right now, isn't it. Because the Ministry
of Health has said one thing about that particular issue,
and you've got your telling me today another. So we
need to go ask the Ministry of Health what the
hell is going on.

Speaker 4 (41:27):
So one of the things that we said in our
statement is show as you're working, where is your where
is your evidence? Because we can cite studies that are
published in the medical literature that back up what I'm
necessarily saying, and as I said, from groups from the
University of Otarget.

Speaker 2 (41:43):
We'll areome so well awesome, weill awesome because because we
have to leave it here, but we will. We will
ask the Ministry of Health to tell us exactly how
they figured that out, appreciate it.

Speaker 4 (41:52):
And I think that's the question that we're necessarily asking
because if the advice is wrong, where where the where
the College of Fish deal with this, that are here
to help as in how is needed?

Speaker 2 (42:04):
All right, Matt, thanks for your time. Matt Wheeler, Royal
Australasian College of Physicians now we have reached out to
the Ministry of Health. We've asked them to tell us
to basically show us you're working. How did you come
to that conclusion? So we'll keep you updated on what
they have to say. Just gone quarter past five here
on News Talk, sirb has anyone watched Maths Married at
First Sight in Australia? The New Zella one was rubbish,

(42:25):
but the Australian one is apparently quite good. I haven't
been watching this season. Apparently it's gone pretty hectic over
in Australia. People like guys punching walls. We reached out
to one of the participants on this show today to
have a chat to them, and they emailed our producer
back saying, actually I can't talk to you because I'm
I'm with the police and they're protecting me from my

(42:48):
TV husband. So things that have really taken a corner. Anyway,
We've got a critic on the show to talk about
this next it is five eighteen News Talks heirb Ryan.
I had bowl cancer at fifty. I'm a New Zealand European,
so screening for all should start at fifty, says Neil. Yes,
I agree. In theory you would have screening for all
starting at fifty, but that's very, very expensive, which is

(43:09):
why it hasn't been done. So then you start talking
about what are the priorities, and surely the health system
would be about the greatest good for the greatest number.
Maybe not nine two ninety two, it's nineteen after five.
Nick Smith on local government voting after five point thirty two?
Right now? Has reality TV gone too far? This is
Married at First Sight in Australia. It's always been a

(43:30):
controversial show, but now there's an uproar because the equivalent
over there of Work Safe is investigating Channel nine, and
that's the production company that makes Maths, raising questions about
its future. It's all after an episode where a groom
punches of wall and frustration. Entertainment report Carl Pushman is
with us Carl good evening, No, right, how are you good?

(43:52):
Thank you? So the debate here is apparently they're hiring
casting people with domestic violence issues, right, and some people say,
well that's bad, But then isn't this reality TV? I mean,
isn't that what it should be?

Speaker 21 (44:06):
Well, reality TV should be bad, that's what makes it
so good to watch. So entertaining to watch. Should you
be hiring people with domestic abuse violence in their past?
Probably not. You can still get you know, good bad
people that don't necessarily have that in their past. That
incident wasn't actually shown on the show, so there's no

(44:28):
way we can tell what happened or see exactly what happened.
But by all the accounts that have been on the show,
it does sound pretty serious. You know, you can't go
around punching wolves just because you're a little bit upset
about something. And the show's response hasn't been particularly great either.
They have kept the guy on obviously, ratings, viewings, we're
talking about it now. It's all this, you know, what's

(44:50):
the old saying no publicity is bad publicity. Perhaps it
is if their safe workplace is getting involved. Maybe that
is when we've found that line.

Speaker 2 (44:58):
Is there a g because I feel like we have
this debates that of every couple of years about particularly
maths in Australia, it's a particularly feral version of the show.
Is there a genuine risk this time it could be
shut down? Do you reckon?

Speaker 21 (45:11):
I don't think they'll close it down. I mean that
risk is there, Like once the authorities are involved. Possibly
if they get stung with some massive, multimillion dollar fine
that makes it impossible to continue. Perhaps, But it's such
a juggernaut of entertainment, and it's become so much part
of the yearly viewing calendar that I think they'll fight

(45:34):
pretty hard to keep it on screens.

Speaker 2 (45:37):
Yeah, and it's been making them too much money. Carl,
thank you for that. Carl Pushman, Entertainment Report at Times
twenty one minutes after five news talks, there be after
six we're going to talk to actually one of the
investors who's representing apparently close to a trillion dollars worth
of investors, so they're representing a whole bunch of others.
What's he got to say about how today has gone?

(45:59):
It's essentially been minister after minister after prime minister talking
to you about their portfolios. Has that been helpful for them?
Does that make you want to go out and spend
your money here? We was talking about that. After six
o'clock we're also going to talk to Liam Dan the
brain drain. Apparently we might have hit peak, finally hit
peak brain drain, which means we can craw back some

(46:19):
of our obviously no one from maths but craw back
some of our kiwis to New Zealand shores. Twenty two
minutes after five News talks at be.

Speaker 1 (46:28):
Getting the facts discarding the fluff. It's Ryan Bridge on
Heather Duplice Allen Drive with one New Zealand Let's get
connected News talks'd be.

Speaker 2 (46:38):
Five twenty four. Good evening to you. A couple of
reminders today that good intentions, while laudable well nice to have,
don't change the world, not on their own. Our former
Prime Minister was back in the news today for a
children's book and good Honor. She's getting on with life
after politics, writing a few books. We all need to
move on good, but we can't forget that even though

(47:02):
our leaders may have good intentions they mean well, they care,
it doesn't mean they can help. Be at child poverty,
be at housing, be at hospitals, you name it. You
need skills, competence and an ability to deliver as well.
Also out today a story about an ethical fashion brand

(47:23):
in Wellington that's gone under. They wanted their products to
be sourced from certain places, yet they wanted them to
be affordable for people, and they employed thirty one migrants
and refugees. Now, that is a laudable goal. Those are
excellent things to strive for, and I think they're brave
for giving it a go, and good on them for

(47:44):
doing it. But they have realized that their costs were
too high. Their prices would have had to go higher,
and that didn't fit well with their ethical stance, so
they have shut Those people who were employed now won't
be and that is a real shame. But it goes
to show that good intentions, ethics, virtue value on their

(48:05):
own don't necessarily change the world. Ryan Bridge, twenty six
after five News talks there b Rob Campbell, aut chancellor,
former boss of Health end Z. He's with us after
five point thirty on the huddle, also Jordan Williams from
the taxpayers and you need to be with us too.
Donald Trump today, well, not actually today, in the last

(48:27):
couple of hours, so I guess that is today he's
come out and said this is his Environmental Protection Agency
reversed a whole bunch of Biden era pollution laws and
landmark findings on carbon emissions, et cetera. The Environmental Protection
Authority in the US is now going to investigate weather.

(48:49):
Greenhouse gases are in fact bad for human health. I know,
back to the drawing board a little bit on that
one twenty seven after five huddle.

Speaker 17 (48:58):
Next yourself to Myself, my prison, my hell, Molly, Liberal.

Speaker 1 (49:18):
Pudding, the challenging questions to the people at the heart
of the story. It's Ryan Bridge on, Hither duplicy all
and drive with one New Zealand let's get connected news talks.

Speaker 9 (49:28):
It'd be.

Speaker 17 (49:37):
The first time.

Speaker 2 (49:38):
Good evening, great to have your company on this Thursday afternoon.
The huddle coming your way just shortly with Rob Campbell
and Jordan Williams. Lots to discuss and a lot of
you are texting, and actually about the debate over bow cancer.
Not debating bell cancer, but how you treat bell cancer
and who should get the treatment. We'll get to that shortly.
Also after six this evening. They reckon this is the economy.

(50:00):
I reckon that the brain drain might be starting to
turn a corner. We've obviously been losing a lot of
talent to particularly to Australia. We've lost half our brain
to Sydney, it feels like, and so that's starting to
turn a corner. We had one hundred and twenty two
thousand leaving for the year to January. These are the
new numbers. That's up eighteen percent. Arrivals down to thirty
one percent, so that's obviously not great, but some early

(50:21):
indications that it's starting to turn. So we'll get to
that after six o'clock news talks. There be twenty five
twenty four away from six now. Ryan Bridge Local Government,
New Zealand wants polling stations and ballot boxes for local elections,
get rid of the postal voting. They reckon Nick Smith's
with Local Government New Zealand, the Electoral Reform chair. Good evening,
Nick A, good to be on your program right, thanks

(50:44):
for being here. So is it what people not turning
up to vote? We know that's a problem. Do you
think this will change that?

Speaker 16 (50:51):
Yes? I do, And I think we've got two big problems.
The first is for thirty years we've seen a decline
in the participation in our local elections. When I first
in the nineteen eighties, we're up at about sixty percent,
we're down to forty percent. That compares with eighty percent
of people voting in our parliamentary elections. And then the
other clinger is that post is in a death spiral.

(51:17):
The numbers of letters has declined by about ninety percent.
There's lots of people that even don't have a letter
box or certainly don't check one, and that is negatively
impacting on people being part of our local elections. And
the real problem with it, Ryan is for mayors or
councils to be able to speak for their communities when

(51:38):
you've now got well less than half the people voting.
It's a real risk and if we really believe in
our democracy, we need to sort it.

Speaker 2 (51:45):
I agree with you because I just think about my
own situation. If I had a letter, you know thing
I've got to fill in and then I've got to
remember to, you know, take it with me into the car,
put it in a bag, then remember to get it
out and go to a post bar. I've never been
to a postbox in the last ten years. I mean,
if there was somewhere I could go and tick my box,
it would be a lot easier.

Speaker 16 (52:06):
And the other part is we know the parliamentary election
system works, and one of the advantages of having the
Electoral Commission run it is they run it on a
nationwide basis. We know the habit and we've got a
level of participation. It's actually one of the highest in
the world. Now, the other part advantages I've got is
we'll all remember the Orange Man and his dog that

(52:28):
encourage us to get out to vote. They spend about
four bucks of voter on that campaign. In comparison, councils
each run their own sort of little ad hoc campaign,
averagely spending about a ninth of that. And you do
get what you pay for. And so I'm keen to
recruit the Orange Man and the dog and getting him

(52:51):
doing his job when we do our council elections.

Speaker 2 (52:54):
Yeah, and when the better is better than forty percent,
which is the current turn out, which is not great. Nick,
thank you for that. Next minute, who is with the
Electoral Reform Chair at Local Government New Zealand. Time is
twenty two minutes away.

Speaker 1 (53:05):
From six the huddle with New Zealand Southeby's International Realty
Find You're one of a kind.

Speaker 2 (53:12):
Rob Campbell, aut chancellor and former Boss of Health ends
edits with us tonight. Hey Rob, Hey, Ryan, how are
you good? Thank you? Jordan Williams is here two Taxpayers
Union evening.

Speaker 8 (53:21):
Jordan, get a Ryan.

Speaker 2 (53:23):
Now let's start with I don't even know whether well, yeah,
the local election thing, just because we're talking to Next Smith.
For me, it's a no brainer, and I would rather
I didn't even ask him how much it costs, because honestly,
I just don't care. I think local government is the
neglected poor cousin of central government, and that's because no
one bothers to vote for it, and we should be.

(53:44):
So anything they can do to help, robbody reckon.

Speaker 8 (53:48):
Yeah, I think anything we can do to get those
numbers up is really good. Obviously, postal voting is a
thing of history. Really, as long as they make a
real effort to get out into communities to make it
easy for people to get to vote and explain it, well,
I'm fully in favor of making that change. I understand

(54:08):
Marisa are quite good at collecting votes. Ryan, that muth
another way to go about it.

Speaker 2 (54:12):
And photo copy them. Wait was that a joke? Rob,
I'm without.

Speaker 8 (54:19):
Oh you know me, Ryan, it was partly a joke,
but it's also no. A are actually very good at
doing that kind of thing. And one thing I did
object to about what Nick Smith was saying was that
Orange Man and his dog annoyed the hell out of me.
I prefer to have the stick man that does the
supermarket ads personally do.

Speaker 2 (54:37):
I'm not even sure we can call it a man
these days, aren't it? Because that didn't have any genitalia.
So it's very unsure, very uncertain, Jordan, what do you reckon?

Speaker 22 (54:46):
This is getting an intellectual for me. Of course, my
understanding was we moved postal voting to increase turnout. I
think it's a strange argument that al Jeans are making,
but I actually support the measure. The bigger question around
postal voting was the integrity and security of the system.

(55:10):
I suspect requiring people to turn up like national elections
may actually reduce turnout, but if it means you've got
more confidence in the end result, and there's been a
few examples in recent years where real, just prima facie,
you know, things really haven't looked right, and there's been

(55:30):
suspicions of funny business. That's worthwhile. But of course it's
logical that local body turnout would be lower because until
you own property, you don't really have the main interface
with local government, and that is paying right now.

Speaker 2 (55:48):
I get that, But you're saying, if it's tag away
the postal and go into your local town, hall that
would lower turnout. I think it would. I would anything
it would increase turn out, or at least stay the
same moment. I can't think of anyone in my life
like my grandma. She does post a voting, but she
would just go into the town hall.

Speaker 9 (56:08):
You know.

Speaker 22 (56:09):
The idea was that it gave you longer to vote.
You know that you got it in the mail. You
could do it at any time. The thing is having
an election day. We have to go along and on
a certain day. The idea was when we moved to
postal voting, that it would increase turnout. I think it's
strange to make the same argument going back, although having

(56:30):
said that, I mean, you're right, we post.

Speaker 2 (56:32):
This conflicted today, Jordan, don't you.

Speaker 4 (56:38):
Of course?

Speaker 8 (56:39):
Jordan, I guess if we prioritize the post office, you
would be happy because it'll be generating income for it, wouldn't.

Speaker 2 (56:44):
There We go, We'll come back in a second because
I want to ask you both about I'm really genuinely
interested to get to the bottom of what's going on
with our bows screening program and whether the role of
the health system is to try and save the biggest
number you know that have the best impact on the
largest number of people or not. Rob Campbell and Jordan Williams.

Speaker 1 (57:07):
Next the huddle with New Zealand Southeby's International Realty, the
ones with Local and Global Reach.

Speaker 2 (57:14):
US talk ZB. It is quarter to six now. The
government is lowering the age for everybody for bow screening,
for bow cancer screening to fifty eight. Now, that is
an expensive thing to do. To do that, they have
a cutting a program that had lowered the age for
Mardi and Pacifica down to fifty. I asked Simeon Brown

(57:36):
last week. Are Mardi and Pacifica more predisposed to bow cancer?
And this is what he said.

Speaker 20 (57:44):
No, The advice is that bow cancer risk is similar
similar across all population groups at the same age. So
that that's the even right that we've presented by the
Ministry of Health.

Speaker 2 (57:54):
Now Rob Campbell, aut Chancellor, the former Health and Z boss,
Jordan Williams, Taxpayers and they're on the huddle to night, guys,
welcome back. So we've had physicians come out today and
say the Royal Australasian College A physicians say that's not
the case. What do you make of this, Rob.

Speaker 8 (58:12):
Well, either the Minister has misinterpreted what the Ministry was saying,
or the ministry was not telling him the truth. There's
only those two possibilities. The idea and the policy which
was adopted of the lower age for Mary and Pacifica
came as a result of years of research across a

(58:34):
whole wide range of researchers. It was not an ideological thing.
It was a health decision that we now know that
if Maria and Pacifica are not getting that earlier bowl screening,
more Mary and Pacifica people will die. That's a fact.
That's just a fact. There's no guesswork in that. There's

(58:54):
no modeling involved in it. I don't know what piece
of modeling the Minister got the Ministry to do. I
hope that the Ministry didn't pander to him in terms
of the policy he wanted to adopt, although we are
seeing signs of that across the public service. But there's
no question at all, there will be no reputable health
professional who will argue that the change that has been

(59:17):
made does not lead to more Maria and Pacifica men
dying in bell cancer.

Speaker 2 (59:21):
Now, well, that's the interest that so Jordan.

Speaker 22 (59:24):
The question is whether that's a genetic predisdisposition. I think
we all all agree on that, And I mean I
don't clearly. I mean I push a pen run for
a living room A lawyer by background, I don't know
the answer to that. I asked AI before coming on here,
knowing this would come up. And the evidence does look
pretty mixed, less so with MARI, but particularly with Pacific

(59:46):
communities according to a chap GBT. But I mean, you
would certainly hope that the advice the minister is getting
isn't politicized.

Speaker 2 (59:55):
I suspect though.

Speaker 22 (59:56):
The issue is there are areas of health where there's
not genetic predispositions, but still some racial preferences, and I
think that drives a bit of the mistrust in this issue,
which is why we have the city of debate, because
I think most people would agree that, you know, in
the health is one of the few areas where race

(01:00:19):
can make a difference in terms of the necessity or
eligibility to public services. That is an evidential question, though,
And I mean you would hope you what can the
minister do other than rely on officials.

Speaker 8 (01:00:36):
And that's the minister asking the ministry is a bit
like the way you asked Chatch pete quest, doesn't it
and if he framed the question the right way anticipating.

Speaker 2 (01:00:48):
The art, Well, we don't know that, and why would
you frame him.

Speaker 8 (01:00:54):
Of the ministry suddenly reverse years of research and years
of its own advice.

Speaker 2 (01:00:59):
Well, we're now. We have asked them come back to
us and tell us, you know, to explain themselves basically.
But what one thing he did say.

Speaker 8 (01:01:07):
Having some difficulty, aren't they yeah.

Speaker 2 (01:01:10):
Rob, What he did say is that their modeling showed
that you would save an additional by making it lower
for everyone. You would save an additional one hundred and
seventy six lives over twenty five years. So it's possible
that you that you're both right, that you are. That
you might be costing more Maori and Pacifica lives, but
overall you are saving more lives. Now that the question is,

(01:01:33):
is that what a health system should do?

Speaker 8 (01:01:38):
We know what a health system should do is what
people always keep telling us that people should be treated
according to their health needs. And we know that in
respect to bowel cancer and screening, the health needs of
different groups of people are different. You do not create
equity by treating people all the same when their circumstances
are not the same. That's the whole skilled in clinical treatment.

(01:02:00):
It's the whole skill in the GP's office is to
know what kind of treatment, what should be offered to
people in different situations. So this whole idea that people
are just numbers, that we're all absolutely equivalent and it's
the best just to treat us all the same way,
it's really just outrageously against everything with healthcare.

Speaker 4 (01:02:20):
Rob, you may.

Speaker 22 (01:02:23):
You may differ, though, the degree to which race can
be quite a blunt instrument on that, and that's why
it depends on what condition you're talking about and whether
there is a genuine predisposition.

Speaker 10 (01:02:36):
Ryan.

Speaker 22 (01:02:36):
Just in relation to your question about sort of saving
more lives, health has quite a good I haven't actually
dealt with the much in recent years, but they used
to have a very good economics team in the quite
a sophisticated modeling a lot like ACC in terms of
determining these sorts of trade offs between years of life

(01:02:59):
and quality of life. That's unfortunately, you know, bread and
butter of public policy people and health. They do have that,
They do model that and they do it every day.

Speaker 2 (01:03:09):
All Right, we'll leave it there, go. Rob did you
go down to the investment summit today.

Speaker 8 (01:03:15):
No, I didn't get my invite, but I mean that's
I'm finding it extremely amusing. I mean, the idea that
it's some kind of victory to have people come here.
If you put an that out and say we'd like
to sell things, typically people turn up who like buying things.
And so of course there are lots of people there
with lots of money. They're scouring the world every day
to find good investment opportunities, so they would have come

(01:03:37):
as they do to look at these sorts of things,
and it's no surprise that some of them will line
up and be on things of the government office, and
of course they will else would not.

Speaker 2 (01:03:48):
Then it's not a bad thing, is it, Jordan?

Speaker 22 (01:03:51):
No, no, w I didn't see what comes out the
other end of it. I mean, if it looks to
be really a focus just around PPPs, which is really
just that the devil is always in the detail as
to what who carries, what risks and whether that's the
There are clearly upsides of well managed PPPs, but look,
they also can go wrong.

Speaker 8 (01:04:12):
Yeah, you think Jordan and I have one slogan we
can agree on, and this idea that somehow governments can
avoid the cost of things by creating PPPs. Is what
it's called a free lunch, and it doesn't.

Speaker 2 (01:04:27):
Exist unless you're at school.

Speaker 22 (01:04:29):
Well, but it's a financing it's a financing tool, and
you've got guaranteed revenue going for There are I disagree
with that. There are some advantages, especially if you are
able to deliver the same piece of infrastructure for cheaper
than what the government can do if it manages itself.

Speaker 2 (01:04:43):
All right, and we can't go into the ins and
outs of the PPPs right now, we're running out of time,
but fascinating discussion. Guys, really appreciate you coming on, especially
the talk chat about how eight minutes away from six
news Talks you'll be lots of feedback coming and we'll
get to some of that next.

Speaker 1 (01:05:00):
The Heather dup c Allen Drive Full Show podcast on
Ihart Radio powered by News TALKSB.

Speaker 2 (01:05:07):
News Talks B. It is five minutes away from six Ryan.
Lowering the age to fifty eight overall will save more lives.
Race is the wrong metric to use. Need is paramount.
I'm sick of the race thing, says Trish. Another says
the only argument is the whole population gets the best outcome,
not just selected groups. Another says, what about other races

(01:05:30):
predisposition to certain ailments above other races? Then again, so yeah,
there is actually a kind of a split debate on
this happening on the text machine. This is about bowel
cancer screening in New Zealand. I think if if you are,
and this is why we have to wait for the
Ministry of Health to tell us what the hell is
going on with the you know, whether someone is predisposed

(01:05:52):
to this cancer or not. But if you have, if
you're because of your race, you have a predisposition to
a certain type of cancer, then you that should be
a marker that gets you up the list, surely for
for a screening. I would have thought that would be
non controversial. But if there is no predisposition, then why

(01:06:12):
would that, you know, get to the front of the
queue exist. I think that would be wrong too, So
we kind of need to know the answer to that
basic question before you you know, before you're making any judgment.
I suppose nine two is the number of text we're
going back to the investment summit to actually hear from
an investor after six o'clock. We're also going to look
at the brain drain. Liam Dan is here with us

(01:06:33):
Jamie McKay. He's got the latest on the stache between
food farmers and fish and game down in Southland, and
Sam Dicky has the markets. Endo Brady out of the UK.
All ahead news talks.

Speaker 11 (01:06:44):
They've been turning up and long we are then time
would we not all be long and longing?

Speaker 9 (01:06:56):
In us?

Speaker 11 (01:06:57):
Roles up with a woman.

Speaker 9 (01:07:13):
I love that.

Speaker 11 (01:07:16):
We needed a stickle.

Speaker 1 (01:07:19):
What's what's down? What with a major cause and how
will it affect the economy? The big business questions on
the Business Hour with Ryan Bridge and Mayors, Insurance and investments,
Grow your Wealth, Protect your Future?

Speaker 2 (01:07:34):
News talks at be seven after six. Good evenings here.
Liam Dan here shortly on the brain drain. Hopefully that's
coming to an end soon. Jamie McKay on the stoush
between fed farmers and fish and games Southland. Sam Dickey
on the markets, actually takes a deep dive into one
of the stocks has been falling drastically over the last
couple of months and that's Tizler. And then Indo Brady

(01:07:55):
joins us from the UK a little later on seven
after six. Now the government been rolling out the welcome
for local and international investors today this investment summit, the
Australian Infrastructure Investor Plenary has committed already come out and
said we are bidding for at least five PPPs and
we're going to open office here in the next eighteen months.

(01:08:15):
That came from Chris Bishop, who was on the show
just after five. This Italian investor is king to put
his hat in.

Speaker 23 (01:08:21):
The ring for the Northern Expressway and I think that
we are looking at the first big bpp the Northland Corridor,
the Aighway, and I think is happening and it's real
and it's something that I you know, I work with
governments arounderworld and.

Speaker 24 (01:08:39):
It's very rare to see every time a deadline that
has been met by the government side.

Speaker 2 (01:08:51):
Absolutely Now. Brett Shepard was there as well, Craig's Investment
Partners representing some big investors at the summit and he's
with me now, Hi, Brett.

Speaker 25 (01:09:00):
Get afternoon.

Speaker 8 (01:09:01):
Ryan.

Speaker 25 (01:09:01):
How's it going?

Speaker 2 (01:09:02):
Yeah, really good, Thanks for being with me. Run us
through your highlights real from today, Brett, what was it like?

Speaker 25 (01:09:09):
I think in the comment of Plenary Italian investors basically
shows how well it's being received by international and local investors.
You probably can summarize it in a couple of ways. First,
I think the commitment of the Prime Minister and their
respective ministers to grow the economy on a consistent basis
through partnership and infrastructure. I mean that message was just

(01:09:32):
resounding and continued commitment needed presentation to that. But then
I was followed up which people have found incredible is
the accessibility the Prime Minister and the ministers to discuss
both projects and the concept and the policy framework upon
what to do that because they're not used to that.
They're used to having Prime Minister present and then disappear.

(01:09:55):
But the Prime Minister made himself available throughout the whole conference,
which was the fair I think also the commitment of
Eliso isn't It was great to have many Fenora present,
how they were ready to partner up and be available
on a permanent capital basis and dependent comment basis, which
resounded really well. But just every international investor. And then

(01:10:18):
we got to both specific projects as you've just identified
at the riding project to be at hostels being built,
at courts being built, and so that resonated well with
investors that this wasn't just a short term kind of rhetoric.
It's an actual process and there was work in progress
that they could submit to over the medium terms.

Speaker 2 (01:10:40):
We've had fast track changes here in New Zealand, we've
had overseas investment laws changed here as well. How much
do they play into the decisions that will be made
and not just the fact that they've been changed, but
the possibility that they might be changed back if we had,
you know, if we have a change in government.

Speaker 25 (01:10:58):
You know, that's excellent question because I mean understanding what
labor says tomorrow is going to be important and the
opposition says tomorrow, but the approach that's been communicated and
that this is a bipartisan approach. And so when you
look at being able to do projects of national significance,

(01:11:19):
when as you said, looking at the FDO rules in
a way that encourages international investment, people are looking for
their consistency and policy between government. You're exactly right. So
right now people are excited about the work in progress
in front of them, but will still be looking for
the commitment to labor and infrastructure specifically that they won't

(01:11:43):
be looking to change the rules. And just what you've identified, brit.

Speaker 2 (01:11:48):
What are the investors that you represent the other investors
in the room, what do they normally invest in? Are they?
Are they all kind of PPP people and why are
PPPs attractive to them?

Speaker 25 (01:12:00):
Excellent? So these are global pension funds with over a
trillion dollars an investment. So they invest in a range
of investment from bonds, shares, real estate in what we
call alternative assets, and an alternative assets is public private partnerships.
They so they have the school base and the expertise

(01:12:21):
to invest in it. Why do they investor? They've learned
globally that a they can deliver products cheaper and the
they can operate them better than central government in terms
of maintenance of assets. They let the social service being
developed by the governments. That does sound They're very good
at that. So they become experts in this globally.

Speaker 2 (01:12:41):
Now you mentioned labor tomorrow, obviously there's going to be
a lot of focus on what they've got to say.
But the the other thing that's come out is the
pipeline of work. How you know how many projects ahead
do you do?

Speaker 1 (01:12:55):
You know?

Speaker 2 (01:12:56):
Do these investors need to be looking before they'll commit
to coming here.

Speaker 25 (01:13:00):
It's excellent I guess we've still at transport coming tomorrow
and roading. But through the communication of how education, the
courts and the corrections, they could see a five to
a year pipeline and in fact some examples we give
them of a thirty year pipeline without being specific on

(01:13:21):
projects to see how the government's thinking is working and
so trending is a classic. So when you hear how
they ever commitment to not a single project but a
series of projects over three to five to ten year period,
then you get engagement not just of money, but of
people on the ground to make sure it happen.

Speaker 2 (01:13:39):
Britt, really interesting, lovely to hear your perspective from actually
being their Brit Shepherd from Craig's Investment Partners, representing some
of the big investors at the summit and giving us
a pretty good rundown of what it was like to
be there and what people who have come from all
over the world are thinking. Thanks Brett. Thirteen minutes after
six News Talk said be leam down on the brain drain.

Speaker 1 (01:13:58):
Next It's Dupless Allen Drive Full show podcast on Iheartradiom
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Speaker 2 (01:14:07):
Staying at a hotel can be a functional part of
traveling to another city or the focus of a treat
yourself weekend. But when a hotel stands out as a
genuinely impressive and memorable part of the experience, it makes
all the difference. And so Auckland is definitely a hotel
that lives up to that description. And I know that
because I've stayed at one just recently. Sentiments the growing

(01:14:30):
number of five star options in the city of sales
that effortlessly combines modern luxury with a spirited artistic edge
and features no other hotel in the central city can offer.

Speaker 9 (01:14:40):
You.

Speaker 2 (01:14:41):
At so Auckland, the experience begins with the welcome, warm, inviting,
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(01:15:01):
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huge windows offering city views, as well as a free
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it's a couple of minutes walk to the ferry terminal
and to the Viaduct, so Auckland is really impressive. So
treat yourself, enjoy a breakaway from the every day at

(01:15:23):
so Auckland sometimes soon, Bryan Bridge, time has just gone
seventeen after six. Now the brain, the great brain drain
that we keep harping on about migrant departures have reached
a new record, just five one hundred and twenty three thousand.
This is for the year to January new numbers out.
That's up eighteen percent. But there is some sense that
we might have hit peak brain drain, which is good.

(01:15:45):
Liam Dan is the Herald's business editor at Larges with
me now, high limb, Good.

Speaker 8 (01:15:49):
Day, Ryan.

Speaker 2 (01:15:50):
So what are we seeing in these numbers.

Speaker 26 (01:15:53):
Yeah, there's a lot of numbers there, and you can
sort of pick and chairs a bit because the annual
stats are going to keep looking pretty rough for a
while because they're catching those that the peak of the
brain drain last year.

Speaker 15 (01:16:06):
But what we can see is that if.

Speaker 26 (01:16:08):
You look at I guess what we're talking about here
is Kiwi citizens leaving long term, right, and so the
Kiwi departures have sort of plateau that they're they're in
the year to January twenty twenty five they were forty
four thousand, seven hundred, and that compares to sorry, sorry,

(01:16:29):
forty four thousand, two hundred compared to forty four thousand,
seven hundred for the year to January twenty twenty four.
And then sort of what you can see is that
in the year to August twenty twenty four was when
they peaked, we had forty seven thousand, So nearly fifty
thousand people left in that year to August, and so
they're drifting back. Forty four thousand kiwis leaving is still

(01:16:52):
a heck of a lot, you know. So there's no
sense that we're saying that the brain drain is over
or cured. But the peak is an important thing to
get beyond because it possibly suggests that the trend has
started moving in the right direction and that there's you know,
perhaps less push for Kiwis to get out there, and so,
you know, hopefully that's part of the recovery story.

Speaker 2 (01:17:15):
Right well, hopefully. I was going to ask, does that
mean that it's a sign that Kiwis are saying where
our prospects are looking better here or is it just
that we've run out of mobile brains to actually, you know,
up and leave.

Speaker 26 (01:17:29):
Look, it's possible. Look, we don't the stats don't dig
down into who exactly is leaving. We get a little
bit of age based stuff, but that takes a while
to come through. Yeah, it's Look, and overall net migration
is still it's still positive. So we're still gaining thirty

(01:17:51):
two thy five hundred people I think in the year
to January, but that's down from one hundred and something
something like one hundred and thirty two one hundred and
fifty five thousand or something. You know, we had this
enormous peak, and so just having that net migration gain
of thirty two thousand is enough to sort of create
a bit of a head when the economy is used
to having a lot more people coming in. And I'm

(01:18:13):
hearing economists talk about how that's one of the reasons
that the housing markets just not picking up as fast
as you might have expected with interest rates coming off.
That we're sort of built in the last year or
two for this high level of incoming migration or lower
levels of people leaving.

Speaker 27 (01:18:30):
And.

Speaker 26 (01:18:32):
You know, we're sort of feeling that now. But yeah,
as I say, the trend possibly starting to turn, and
let's hope, you know, if they can if we can
see the economy continue to improve. It usually is fairly
related to the economy.

Speaker 2 (01:18:44):
Yeah, And because I noticed that IMF report yesterday, they
said that it would be you know, our recovery this
year would be in part lad by migration. I mean,
are they taking into account the fact that, you know,
net migration is relatively low compared to where we normally
have it. Presumably they are.

Speaker 26 (01:19:01):
Yeah, I mean I think they're talking. I mean, in
the end, it's going to you know, you change a
few settings. At some point, the lower level of net
migration will start to cause labor shortages, and then inevitably
a government tries to open things up again. We're really
all sitting there waiting for the labor market to work

(01:19:21):
through the worst of its unemployment and get some jobs
creating again. So that's not looking like it's happening till
the second half of the year. But when that starts
to happen, you'd expect to see migration pick up as well,
a fewer people leaving.

Speaker 9 (01:19:36):
Because of his jobs.

Speaker 26 (01:19:37):
So so much of it's tied to jobs, and as
we've talked about before, it's just taking it takes a
bit longer. Once the first sort of economic stats start
looking a bit better. It still takes a while for
the labor market to turn around.

Speaker 2 (01:19:50):
Yep, nice one, Liam, thank you for that great information.
Liam Dan as always ended, hero old business edits are
at large with us just gone twenty two minutes after
sex those numbers again, So migrant partchures reached the record
one hundred and twenty two thy eight hundred for the
year to January. That's up eighteen percent. Arrivals one hundred
and fifty five thousand, three hundred, that's down thirty one percent.

(01:20:11):
So you get your net migration gain of thirty two thousand,
five hundred, that is for the year two January. Twenty
two minutes after six. Now coming up next, we will
go rural, as we always do. We'll go rural with
Jamie McKay. He's got an interesting take on this fed
Farmer's the fish and Game in Southland.

Speaker 1 (01:20:30):
The Rural Report with MSD Animal Health over Nstead It's
most popular colcolab.

Speaker 2 (01:20:36):
Twenty five after six news talks, there'd be Jamie McKay
hosted the Countries with Me tonight. Hi, Jamie gooda Ryan.
Now this stoush if that's what you call it between
fed farmers, fish and game in Southland is all getting
a bit much. I saw yesterday there was claims of
was it this morning, claims of bullying, all sorts going
on here.

Speaker 27 (01:20:54):
Yeah, well this claims claims and county claims. I describe
it as a high noon at the ok Corral. And
the ducks aren't the only thing that might not get
or that might get shot down there. Metaphorically of course, Ryan,
I cover my backside on that one. So look basically
like fair farmers and fish and game have been at

(01:21:17):
war for quite a while. A couple of years ago
they were encouraging farmers not to let anglers through their properties,
and now they're fighting over what Southern President of Federated
Farmers Chason Herrick described as that farmers down there have
had an absolute guts full of fish and games, anti

(01:21:38):
farming rhetoric and activism. So what he's suggesting or what
their latest campaigners they want to see the duck shooters
or the duck hunters to be more politically correct by
their game bird licenses from regions working constructively with farmers,
and he threw out hawks Bay and Greater Wellington as
an example. Now, Jason saying they get five thousand hunters

(01:22:01):
coming down to Southland for the duck shooting weekend first
Saturday in May, and being a Southland and myself Ryan
and owning a duck pond down there, I know exactly
what it's like. And Jason saying it's part of our
cultural identity. If all these people buy their licenses out
of the region, it will take a fair chunk of
money away from Southland fishing game. Now the twenty five

(01:22:24):
twenty twenty five game bird licenses are on sale now
they'll cost you one hundred and thirteen dollars and Jason
Herricks saying he's not asking shooters not to buy license,
just buy them from another region.

Speaker 1 (01:22:37):
Now.

Speaker 27 (01:22:38):
He's also saying Southland fishing game have been unnecessarily obstructive
in so many areas, like opposing farmers from removing gravel
that's built up to dangerous levels and rivers, and obviously
when they flood it makes it even worse.

Speaker 8 (01:22:53):
Now.

Speaker 27 (01:22:53):
Also coming to the party is the new Hunting and
Fishing Minister and the new South Island Minister James Meagher,
who's calling for a de escalation intentions. He's saying relations
have become strained and that farmers and fish and game
should work happily together. Also, tension has escalated over the

(01:23:14):
duck population down in South They had a very wet spring,
great survival rates, and there's literally an explosion in the
mallard population. They're an introduced species, they're described or they
are a pest for especially cropping farmers, and they're munching
through those crops at the moment. So they're saying fish

(01:23:35):
and game need to think very carefully about doing something
about this, such as introducing perhaps the summer autumn shooting season.
Other areas have done it in the past to try
and reduce that population.

Speaker 2 (01:23:47):
Interesting. Okay, now you've spoken to Keith Woodford about Fonterra's
plans to sell Mainland today.

Speaker 27 (01:23:53):
What's he had to say, Well, Professor Keith Woodford one
of the sharpest minds in New Zealand agriculture. Look, he's
saying there's a couple of options. One is just to
sell it hole as Bowlus to an offshore entity, a
marketing an international dairy marketer. The other one is to
have an IPO, an initial public offering in New Zealand,

(01:24:15):
and he's suggesting Fonterra could still hold a minority shareholding
in this public company, perhaps thirty percent. He says the
IPO option under Fonterra's preferred title of Mainland gives all
New Zealanders a potential steak in the dairy industry. This
would allow Fonterra to retain a window to what's happening
at consumer level.

Speaker 8 (01:24:36):
Now.

Speaker 27 (01:24:36):
Obviously an IPO is more complex than a straight out sale,
but he's suggesting the likes of the National Superfund or
ACC could take a cornerstone investment in this and then
give Kiwis the opportunity to buy a steak in the
New Zealand dairy industry. Professor Keith Woodford said, it's part
of our national DNA.

Speaker 15 (01:24:56):
On which we all depend.

Speaker 27 (01:24:57):
So who knows you might be able to get a
chunk of Fonterra through this mainland entity at the Cloaks.

Speaker 2 (01:25:02):
I think would take a bit of that, wouldn't we. Jamie,
thank you. Jamie McKay hosted the Country with Us tonight
twenty nine minutes after six News talks at Bay.

Speaker 1 (01:25:15):
Whether it's macro micro or just playing economics, it's all
on the business hours with Ryan Bridge and Theirs. Insurance
and investments, grow your wealth, protect your future.

Speaker 17 (01:25:27):
US talksht B, Marty Bony Jake, somebody bummy coy give
off bus body get I've been breaking my back just
keeping with the Joneses. Y'all know what I mean, and
y'all know how we go when it's so far.

Speaker 2 (01:25:48):
Twenty three minutes away from the seven year old news
talks B. This is the Business Hour and I've got
some new numbers for you. This is from This is
if you're a renter, great news. If you're the government
and you've been worried about the price of rentals, then
great news for you too. It's getting cheaper. You're paying
less now. This is average rents paying less now than
you were a year ago in Wellington and in Auckland.

(01:26:11):
This is according to real estate dot co dot nz
so their numbers reckon Wellington has down eight percent since
February twenty twenty four to six hundred and seventy three
dollars a week. That is potentially saving you three thousand
dollars a year if you're in Wellington. Auckland down four
point one percent. That is saving you fifteen hundred and

(01:26:33):
sixty dollars. If you are in Auckland Canterbury is steady
down just zero point four to five hundred and eighty
six a week, So that is good news. And remember
the government argued till they were blue in the face
that if they got rid of the landlord tax that
the government that previous government had put on the interest deductibility,
if they fixed that, that the landlords would have more

(01:26:57):
room to be able to drop rents. Now there's a
big argument about whether that is what drives this or
whether it's actually just straight out supply and demand. And
I tend to land in the latter camp that it's
supplying demand that dictates a rent, not government policy. But
certainly the government will claim this you can beat your
bottom dollar. They'll do that tomorrow. In a press release

(01:27:18):
twenty one away from seven now Rich, the Tesla's share
price is a rollercoaster and one to watch. It took
off massively after Trump was elected over in the US,
but has since fallen back almost just as far. Sam
Dickey from Fisher Funds has done a deep dive for
us is here now, Hey, Sam ran, good to have
you on. So why did Tesla's share price shoot up

(01:27:40):
one hundred percent in just a few short months and
then why has it come back down fifty percent in
a few short weeks.

Speaker 28 (01:27:47):
Yeah, a heck of a wild ride there, Ryan, So
it has round trip right back to where it started.
It went up for three reasons. So the first one
was at the time there was a lot of emerging
height about Tesla's atonomous vehicle or robotaxi business and it's
humanoid business actually, which we talked about before. But for example,
Google and Weimo reached key milestones they'd done forty five

(01:28:09):
million rides, and then Musk himself promised to launch his
robotaxi in twenty twenty six, claiming ride costs of as
low as twenty cents a kilometer, so pretty exciting stuff.
The second thing is the extraordinary animal spirits we've talked
about a few times, or that retail irrational exuberance generally,

(01:28:29):
and posted children for that with things like meme stocks
like game Stock stop We're Ripping Again and robin Hood,
the retail training platform were up over one hundred percent,
so animal spirits generally, and Tesla was caught up on that.
And the third thing was, of course, the Trump romance
and its perceived raverified positions sitting inside the federal government's
coffers via the Department of Government Efficient, Department of Government Efficiency.

(01:28:52):
So those are the three reasons that went up. And
then reality set in. And it's a reminder that despite
this excitement about its future prospects around autonomous vehicle, ninety
percent of its profits still come from its core business
of selling electric vehicles, and its electric vehicle business had
been going backwards. At the same time as its share
price went up one hundred percent, its earnings were being

(01:29:14):
cut by about thirty percent. So that sort of unsustainable
equation saw the share price, sorry, the price to earnings
ratio a key valuation metric, on one hundred and fifty
times PE, which for context, the Ford Motor Company trades
on about seven times PE. So the whole bubble pop,
the irrational exuberance from retail event investors hit the skids,

(01:29:37):
and the stock price around trip right back to where
it was before Trump got elected.

Speaker 2 (01:29:42):
Fascinating, right, isn't it. What's what's going on with the
electric vehicle take up? More broadly, I saw numbers. They
were down, I think year to date down forty five
percent Tesla sales in Europe, you know, thirty percent or
something in China. It's not been a great ride.

Speaker 28 (01:29:56):
Yeah, not being a great ride for Tesla, and they're
definitely losing market share. I mean, more broadly, EV sales
are doing a little bit better. So you and I
checked in about a year ago on electric vehicles generally globally,
and at that point in time they were growing about
ten percent. Now, electric vehicle sales sort of month of
the year and a year growing about twenty percent. Are
pretty healthy, but a couple of things. Their first of

(01:30:19):
Tesla's losing market share, partly because of the blowback against
against the sort of Trump mask romance, but also generally speaking,
the penetration of electric vehicles are sort of plateaued in
places like China, Europe, and southern United States. So I'd say,

(01:30:41):
generally speaking, evs are going okay, but Tesla's losing market share.

Speaker 2 (01:30:46):
And what about you mentioned earlier the autonomous vehicles. What's
happening with them? Are they taking off? Are they you know,
sort of a thing of the past now or like
back to the future that never happened. What's going on?

Speaker 28 (01:30:58):
Well, I mean, it's one hundred and fifty billion dollars
industry and is still expected to be about a trillion
dollar industry by the end of the decade, so people
are still pretty bullish. I think there's a few hurdles,
of course. So Tesla, for example, is trying to go
the cheap route by solving full service driver sorry, full
fully autonomous driving in a cost efficient manner with cameras only,

(01:31:21):
which of course have some safety drawbacks, whereas companies like Weymo,
spun It or out of Google are using radars and lighters,
which are much more expensive. So weimo autonomous vehicle costs
about two hundred thousand dollars, whereas Tesla's proposing to sell
these for about thirty thousand. However, is a very unclear
regulatory framework globally, so the UK peered back Tesla's camera

(01:31:43):
only full service autonomous driving to highways only and favored Weaimo,
and half of the US states only permit autonomous vehicle testing.
And then of course we've got the very high profile
crashes that we've all heard about, despite the stats around
significantly lower accident rates death rates. So still expected to
be a huge growth industry, but a few hurdles right now.

Speaker 2 (01:32:04):
Yeah, interesting, I suppose they've got to overcome those regulatory problems.
What does all this mean for investors?

Speaker 28 (01:32:11):
I think the whole thing's a super interesting lesson, which is,
don't believe the hype and focus on the core fundamentals.
So you know, occasionally, if the fundamentals of a company
are going well, you can understand why, you know, the
share price gets a bit overinflated. But when the hype's
going in one direction and that the core fundamentals, as
as was the case with the tears that were going

(01:32:32):
in the opposite direction, I think that's something should take
take note of. But I would say for the brave
there was far too much hype and tesla at the peak.
But if you are a believer and a long term
believer in autonomous vehicles and there I say ad humanoids,
well then as that Dost settles the stocks on his knees,
now it might be worth another look.

Speaker 2 (01:32:52):
Nice one, Sam, Thank you for that, Sam. Dicky Fisher
funds with us. According to seven News Talks, they'd be
Indebrady out of the UK next every.

Speaker 1 (01:32:59):
Day from his sms to the big corporates, the Business
Hour with Ryan Bridge and theirs. Insurance and investments, grew
your wealth, Protect your future. News Talks vod saying.

Speaker 2 (01:33:12):
The seven on News Talks dB in the Brady is
our UK correspondent tonight in the Good Evening.

Speaker 15 (01:33:17):
Hey Ryan, great to speak to you you two.

Speaker 2 (01:33:19):
Now, there's a big debate going on in the UK
at the moment. This is should criminals be forced to
go to court and hear the impact of what their
crimes have been on families and victims and stuff, or
should they be able to you know, tune in remotely
or not tune in at all.

Speaker 9 (01:33:34):
Yeah.

Speaker 15 (01:33:35):
So this all has happened this week, the debate because
yet again we've seen another high profile court case end
with the defendant convicted and deciding that he doesn't want
to leave his cell to hear the victim impact statements. Now,
at the end of each court case, the victim's family
are allowed to tend court and read out exactly what

(01:33:55):
this person has done to their family and how it
has left them feeling for So it's all to do
with a guy called Kyle Clifford. He is known as
the Crossbow Killer. For anyone who hasn't followed the case,
it was summer of last year he was dumped by
his girlfriend Louise Hunt, and thirteen days later he bought
a crossbow. He stabbed her mother to death in the

(01:34:16):
family home. He shot her with the crossbow and raped her,
and he shot her sister. Murdered her sister as well
with the crossbow. So three members of that family wiped
out by this guy. He'd been online the night before
watching Andrew tape videos. So you can you know this
is the mentality of this guy. Absolutely heenous crime. Now,
John Hunt is the father of the family. He's the

(01:34:38):
father of Louise and his other daughter who was murdered,
and he lost his wife in this as well. So
John Hunt went to court to read the victim impact
statement and Clifford refused to come out of the cell.
So John Hunt, his words will haunt this guy forever ever.
He said, I can hear the screams of hell, Kyle.
They're waiting for you. They will be roll out the

(01:35:00):
red carpet. That was the concluding paragraph of John Hunt's
victim impact statement. So big, big talking point here.

Speaker 2 (01:35:07):
Yeah, it sounds like it is too. Now this biledal
between the Irish and the Americans. Trump said, you know,
you're doing some things with text we don't like. But
they've kind of come dodged a bullet.

Speaker 15 (01:35:20):
Yes, it was amazing really, So we're quite concerned about
President Trump because our entire economy depends on the United States,
and just for people who haven't followed what Ireland has
done in recent years, We've reduced corporation tax down to
twelve and a half percent. We're the only English speaking
country in the European Union. And American pharmaceutical and tech

(01:35:43):
companies have piled into Ireland. They're employing a lot of
people and they're crucially paying all of their taxes into Ireland.
So the biggest taxpayer every year in Ireland is actually Apple.
Now Trump has seen the figures, He's seen the massive
in trade that based. You know, we take America out

(01:36:03):
of the equation and we're in recession. I think there
was a lot of apprehension going into the Oval Office
for this meeting between our Tea Shock or Prime Minister
meehol Martin and President Trump. It's an annual thing to
mark Saint Patrick's weekend. The t Shock basically goes to Washington,
d C. And presents whoever the president is with a
bowl of shamrock. It's been going on for over a century. Trump,

(01:36:27):
we know, has a golf course in the west of Ireland.
But incredibly the reporters in the room all asked so
many different questions. He didn't really settle his fire and
his ire on Ireland. So the feeling is that our
tea shock, our Prime Minister miehil Martin has kind of
dodged a bullet and got out of the White House
in one piece. And you know, having seen out what

(01:36:49):
Zelenski had done to him, there was a lot of
worry that Trump might decided to dismantle the Irish economy.

Speaker 2 (01:36:55):
Thank goodness to you, then quietly, quietly, quietly and then
run for the door. Hey, thanks, thanks Inder, great to
have you on as always. Indo Brady, a UK correspondent
with us just gone nine minutes away from seven here
on News Talk SEBB.

Speaker 8 (01:37:11):
It's the Heather too.

Speaker 1 (01:37:12):
P c Allen Drive Full Show podcast on iHeartRadio powered
by Newstalks EDB Croaching the numbers and getting the results.
It's Ryan Bridge with the Business Hour and Mass Insurance
and Investments, Grew your Wealth, Protect Your Future Newstalgs EDB.

Speaker 2 (01:37:31):
Six to seven on News Talk said, being nearly time
for me to say good evening to your Darcy is
with you next. Just spoke to Ende Brady. Interesting, isn't it.
Apple is the biggest taxpayer in Ireland and their tax
rate over there, the corporate tax rates twelve and a
half percent. Don't forget that. Nikola Willis is still looking
at ours. It doesn't look that attractive at twenty eight now,
does it. She's still looking at ours to see whether

(01:37:53):
we might make a move on that. Tomorrow, because this
investment summer is still going on in Auckland. Tomorrow we
are going we're planning to speak barring any major news events,
but we're planning to speak to Barbara Evans because she's
got her speech tomorrow. She's the only opposition MP, non
government MP who is speaking there. It'd be really interesting
to hear what she has to say because there's a

(01:38:14):
couple of areas where labor clearly doesn't agree with what
the government's doing. They don't want hospitals being built and
being financed by PPPs. They don't want education, you know,
schools or hospitals basically being funded and financed by PPPs.
So what will she say about those things when you've
got the current government saying come and build them and

(01:38:37):
finance them, and then will she stand up and say no?
And what will that mean for the investors in the room.
So lots to talk about tomorrow here on News Talk SEBB.
What are we going out to tonight? Ance?

Speaker 29 (01:38:48):
This is message in a bottle by the police. I've
got some news about Sting. It looks like he's on
the end, which is good. Sting had to pull out
of a bunch of concerts he was going to do
at the tail end of January because he had a
throat in fiction, which you know, obviously kind of a
problem with your ast singer generally speaking. But he's appeared
in public for the first time since he canceled those shows.
He has showed up at a charity event, didn't have

(01:39:10):
to do any singing. But the shows have been rescheduled
for like later in the year. So it seems like
this isn't going to be a permanent issue. That's just
a temporary one. He's seventy three, but yeah, still performing.

Speaker 2 (01:39:19):
So there you go, Ghosting. Thanks and thanks everybody for
listening and for u f feedback in your emails and
your text. Much appreciated. See you tomorrow Friday.

Speaker 21 (01:39:30):
So.

Speaker 17 (01:40:00):
Sun Meso Sundays suns sun Meso Meso Sun Meso s Mesos,

(01:40:23):
Suso Suso su Meso, Suns signs

Speaker 1 (01:40:38):
Suns For more from Hither Duplessy Allen Drive, Listen live
to news talks it'd be from four pm weekdays, or
follow the podcast on iHeartRadio

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