Full Show Podcast: 18 December 2025

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

Speaker 2 (00:03):
It's Ryan Bridge on Hither duplicy, Ellen Drey with one
New Zealand coverage like no one else.

Speaker 1 (00:10):
News Talk said, be seven after four.

Speaker 3 (00:12):
On your Thursday afternoon, coming up on the show. GDP
is up, Glory of A's School is closed, Jenny Wiley
is out, the Ye Mine expansion is on, the milk
price is down, Murray Olds is in Australia for US
and and the Brady's in the UK.

Speaker 1 (00:25):
Ryan Bridge.

Speaker 3 (00:26):
Quick little message, Christmas message if you will, to all
the PR people out there advising sports people and sporting organizations,
could you please start talking like now. The less you talk,
the dodgier you look. Stop hiding your CEOs and your
board chairs under bushes and the hope that scandals and
poor decisions will be overlooked and forgotten and swept under

(00:48):
the carpet. Because if twenty twenty five has taught us
anything it's that they won't and they don't. Jenny Wiley
is gone from Netbull New Zealand. No surprises there, and
there'll be no surprises either when half the board probably
follows her out the door. They'll be lining that up
as we speak, with announcements to come soon. I would
have thought, But like cricket, we've got the top dog

(01:10):
at a top sporting body disappearing before Christmas without a
once over, and the press from their higher ups. Matt
Winner Ray is not fronting on this. Jenny's gone Winner
Rays apparently, I don't know, clearly on holiday somewhere somewhere,
not here. In the world of American football right now,
much is being made of Travis Kelcey's media management. He's

(01:32):
refused to do a bunch of interviews postmatch because well,
they lost a game. Yes that's Taytay's boyfriend for those
who are interested, and yes that's the Kansas City Chiefs.
They've won a few Super Bowls recently of late, and
now they're not even going to make the playoffs. So
he's upset. Obviously doesn't want to talk to pesky journos.
And I get that. I understand that because they're athletes,

(01:55):
they're emotional, they're up and down like a yo yo.
But when some thing goes down in the business of sport,
in my view, you should front it in the same
way as a regular company CEO or a politician would.
The fans are the voters, the shareholders, and they deserve
some respect. Respect is shown through communication, and right now

(02:18):
they are getting the corporate equivalent of a middle finger.
And all of this is made worse by the fact
that this is what got them into the mess to
begin with. With Dame Knowles. They didn't front. When they did,
they didn't say anything, and then the mood reached fever
pitched and almost every single silver fern who'd ever donned

(02:38):
a bib came out and had their say through their
five cents into the bucket. Then the government steps in.
Then finally things changed. One of the reasons I quite
like Netbull, in fact that one of the reasons I
love Netbull and watching it and following it as a
sport is because of the straight up, hard as Nail's
personalities that tend to dominate it. They're no nonsense, that

(03:01):
straight up the guts, and I think management ought to
take a leaf out of their book.

Speaker 4 (03:06):
Rayanbridge is the number to text, especially if you're Matt
Winner A ten minutes after four.

Speaker 3 (03:18):
Now, as we all head off into far flung corners
of the country, it's an interesting question who has the
final say on whether a helicopter is deployed in an
emergency situation or not. It is a question that the
Professional Firefighters Union wants settled after a police refused the
use of a rescue chopper to pick up a teenager

(03:38):
who was stuck on a cliff. Now sadly, her friend
had already fallen off this cliff and died, and police
admit that they wrongly thought that the girl had died too,
and thus they declined the use of a chopper because
of the cost. Martin Campbell is the Professional Firefighters Union
Vice president and joins me this afternoon. Good afternoon, Martin, afternoon,

(04:00):
how's it going very well? Thank you, thanks for being
with me. Whose job is it, Martin, to make the
call about whether you send a chopper to rescue someone
or not?

Speaker 5 (04:09):
Well, unfortunately, that's sort of the sixty thousand dollars question,
so to speak. At the moment, there is a bit
of confusion as to who as who actually is able
to make that call, who has the statutory authority to
make that call. In some cases, police are saying it's
their call and foreign emergency and the past have made
that call. So it's a bit of confusion and misunderstanding it,

(04:32):
I think at the moment.

Speaker 3 (04:33):
So have there been other cases, because we've got this
girl obviously in Hajei, But have there been cases where
the rescue team on the ground says, give us a chopper,
it'll save a life and police has said no.

Speaker 5 (04:46):
Well, I certainly know there has been certainly confusion at
the foreign emergency end about deploying our friends resources utilizing helicopters.
I know for myself I've encountered these delays and misunderstandings.
Who has the authority to ask for helicopters, who's going
to have to pay the bill so to speak for
the helicopters, And how do we get our fend resources

(05:08):
as quickly as we can to the incidents.

Speaker 3 (05:12):
Because you need a chopper, doesn't matter whether it's a
rescue helicopter or whether it's a police one. You need fence,
you know, you need your fire fighters. You need your
rescuers and a chopper getting their quick as well.

Speaker 5 (05:25):
Most certainly particularly when the incident is some distance away
from the fire station. The ha Hey one obviously is
quite a distance from the Hamilton fire station. The rescues
up here are all out of the Auckland Central fire Station,
so obviously we would need to be chopping to a
lot of our incidents that are sort of on the
outskirts of Auckland. So getting a helicopter with our fire

(05:46):
fighters and their equipment is critical to us getting there quickly.

Speaker 3 (05:50):
Martin. Everyone's about to head out all over the place
for there holidays over summer, and you want to know
that help is going to come as fast as possible
as the situations. Can we be sure of that.

Speaker 5 (06:03):
I'm not one hundred percent sure at the moment that
we can be sure that we can well, not certainly,
not without some sort of delay or confusion. And it's
the lay of confusion that's been felt by the front
line staff both. I think frontline firefighters in frontline police
would be experiencing these concerns. It's a problem I think
that's being created and needs to be solved by upper

(06:25):
level managements from foreign emergency and police to make sure
there are no delays and New Zealanders are getting the
quickest help as they can.

Speaker 3 (06:32):
And this is not like a union thing, and I
don't mean to be I'm not just being disparaging of unions,
but you know, sometimes the unions can just put the
boot in for the take of it. This is actually
you guys are saying what is you know, you make
the call and you're sitting around tidding your thumbs saying,
what the hell are they doing up there?

Speaker 5 (06:48):
That's right, that's certainly it's not a union thing. In fact,
this the latest ha Hay incident I believe was raised
by foreign emergency management themselves. So it's not a union thing.
It's a thing and police thing that needs to be
sorted out as quickly as possible.

Speaker 3 (07:04):
Well, let's hope that is soon for all of our sakes, Martin.
Thank you Martin Campbell as the professional firefighters and your
vice president. Time as fourteen after four ran a news
talk said, b would you be surprised if I was
to tell you there's been a certain passenger on a
jet Star flight today and a little birdie has told
us that this passenger was I'm assuming in the front row.

(07:25):
Would you be surprised if I told you that our
Prime minister was flying Jetstar from Wellington to Auckland. Now,
a couple of things that make this kind of newsworthy. One,
he's the Prime minister and this is our national carrier.
But also he's a former CEO of the in New

(07:46):
Zealand and he's on a jet Star flight now, Laura.
He has rung the PM's office and they've apparently said
it was not it was full of logistical reasons, not
price reasons. But anyone who's anyone who's tried to book
a flight residently knows how bloody expensive it is. But
is anyone shocked by that? I don't know. When I've
looked at fly I was looking at flights last night
to christ Church next year and the price difference between

(08:11):
Jetstar and News you know, it's massive. But also Jetstar
has more frequent flights that go to christ Church on
this particular in May for a concert, and I'm like, oh,
if one of them falls over, there's more that are
backing up. So I don't know, can you blame the guy?
Quarter past four News Talks EB Darcy.

Speaker 2 (08:31):
Next, it's the Heather Dubissie Allan Drive Full Show podcast
on iHeartRadio powered by News Talks B.

Speaker 3 (08:39):
News Talks It B. It is four eighteen Good on
the No One seems to have a problem with the
PM going on a Jetstar flight. Good on the PM
says this text good on lux and can't bloody rely
on in New Zealand to get you anywhere at the moment,
and the prices are a total ripoff. So there you go.
As someone else says that this is not newsworthy at all,
I think it. I think it's worth talking about. I

(09:01):
think it's interesting to talk about because he's the former
boss of the in New Zealand. But I'm not saying
it's the biggest scandal in the world by any stretch.

Speaker 2 (09:11):
For eighteen Sport with tb bed Live with in playing responsibly.

Speaker 3 (09:17):
Join him in ours, Darcy, Darcy, Good afternoon, are good
after Baboon? Ryan, Now, Jenny Wiley has resigned as the
Boston Netball New Zealand and we're not going to hear
from Genny Wiley, and we're not gonna hear apparently either.

Speaker 6 (09:28):
Doesn't sound so surprised, Ryan, Have you not been following
this story the last four months?

Speaker 3 (09:33):
I have, But it doesn't make it any less annoying.

Speaker 6 (09:35):
Precisely, No, we're not not to say anything. Oh, we're
tied up with this, and we're tied up with that.
We're not going to do that. And there's employment law
verse and is this that that and that that you're
running one of the biggest games in New Zealand.

Speaker 3 (09:48):
Say something, suck it up, say anything, front up please now, please.

Speaker 6 (09:54):
Talk back on this subject. Of the last three months.
I've never had the phone jam up so much about
net So what that says is there is huge engagement
that sport out there. People really care and it's not
about ars's media swine. It's about the people that play
the game, the other ones that's you representing.

Speaker 3 (10:14):
Talk now. Final Black Caps West Indies test is underway
right now. How are we looking? How shit going well?

Speaker 6 (10:20):
I don't know, because you've turned it onto the ashes.

Speaker 3 (10:22):
Oh I have got the ashes on.

Speaker 6 (10:23):
Oh my, my, my my, oh. Last time lot we'd
scored ten bazillion runs and we're doing particularly well. Look,
Tom Latham is scoring runs. Devin Conway's picked up a
ton two hundred and sixteen for the loss of none,
and so Latham's eighty seven unlucky number for Australian batsment.

(10:45):
It's thirteen away from the ton. They don't like that
one and one hundred and twenty for Devin Conway, which
is just fantastic news. Tonight, are on the on the
issue around who's next. I expect this is a case
of netball dominoes someone else go wake at the Bay
of Plenty of Magic. Team relationship manager Gary Dawson joins us,

(11:06):
I've had him on the show before. Talking about what
has to happen is pretty because the other one's about
what is to happen.

Speaker 3 (11:11):
They're the ones that wanted to hurt someone to go
in the first place.

Speaker 6 (11:14):
Wasn't they that club level? So he's going to talk
to us about that. And I've got I've got do
you know, Sirian Taylor, not personally, but you know the
name Virtual I and Virtualie of the company there basically
started digital coverage of sport. Remember the America's Cup when
they actually you could follow, yes, the boats and how

(11:34):
big that became, and they've moved on into baseball now
they do cricket. I'm getting him on to talk about
the snicko and what happened last night in the Test
match and where the advancers are in coverage of TV
when it comes to AI contributions to the game.

Speaker 3 (11:51):
So seven o'clock Darcy water Grave, sports talk host on
News Talk c B. It is twenty one minutes after
four nine two nine two is number of text. Keep
your text coming, and I know much many of you
are praising lucks, and lucks have just gone up in
my estimation for flight Jetstar. People are ditching their Kordu memberships.

(12:11):
Apparently this is a thing now. I know of a
story of a guy who was meant to flight in
Napier from Auckland. This is just in the last couple
of months, and flight gets canceled and he was going
for a specific event at midday or twelve thirty or
something in the afternoon, and flight gets canceled, and so
he goes, I'm okay, well I'll just go home there

(12:32):
because I'm not going to get there. And that rings
the any zeal On desk and they say, oh, well,
what did you want to go for? They said, we
can offer your flight tomorrow, and he said, but I've
just told you what. You know, I'm going for an
event that is today. It starts in an hour. And
they said, oh, so it's not just that flights are
inconveniently timed and overpriced, It's that there's a feeling, I

(12:56):
think amongst people that there's just not a lot of
common sense going on either.

Speaker 1 (13:00):
For twenty two, the name you trumped to get the
answers you need.

Speaker 2 (13:04):
It's Ryan Bridge on either duplicy Ellen Drive with one
New Zealand coverage like no one else.

Speaker 1 (13:11):
News TALKSV four twenty five.

Speaker 3 (13:13):
Interesting development this has come out of Wellington re Gloria Vale,
the Christian School at Gloria Vale. So not the Wholk.
You can't shut a community down, but they are shutting
the school down. The registration for Gloria Vale Christian School
is being canceled and the Secretary for Education is doing
this really quickly, so basically straight away, take effect from

(13:34):
the twenty third of January. So there are one hundred
and ten kids at this school and as of January
they won't know where they're going. And I don't know
what happens to kids. And this is after the era.
I mean, you know the issues with Gloria Vale and
the Aero report that came out said there was a
bunch of you're going to have eight boxes ticked for registration.
They didn't take three of them. You know, couldn't be.

(13:57):
It wasn't a safe place emotionally and physic A whole
bunch of things going on at Gloriavale. But to close
it down so quickly, what happens to the kids and
do they just get homeschooled now? And is there any better?
I don't know, but we're going to talk to Brian Henry.
He's a lawyer for the gloriavale Levers group. He's with
us after five this evening across the Tasman Albanezi. He

(14:20):
says more needs to be done. He's under pressure, right,
He's been copying a lot of flat for his response
to the rising tide of anti Semitism in Australia. So
he's come out with a bunch of changes and he's
just done a press conference.

Speaker 7 (14:33):
Ever, listen, it is clear we need to do more
to combat this evil scourge, much more. Today I'm announcing
a significant number of additional actions to build on the plan. Firstly,
the Attorney General and Minister for Home Affairs will develop
a package of legislative reforms to crack down on those
who spread hate, division and radicalization.

Speaker 3 (14:56):
That's Anthony Ebnezi in Australia. We'll talk to murriol about
that's get some regage, some reaction. He's basically making some
changes or recommending some changes, including hate speech. A couple
of tweeks here I will talk to Murray get to
the bottom of that. Also, we'll talk to brad Olsen
after five on this GDP read four quarter three full ahead,

(15:26):
You Love.

Speaker 2 (15:27):
Me on your smart speaker, on the iHeart app and
in your car on your drive home.

Speaker 1 (15:35):
It's Ryan Bridge on hither duplus the Ellen Drive.

Speaker 2 (15:38):
With one New Zealand and the power of satellite mobile
news talks, they'd be.

Speaker 3 (15:50):
Pretty five away from five year on Newstalks, we'd be
Barry Sober. We'll take a look back at last night's
German debates who had the best zingers. He's coming up
in just a few seconds, and we'll get to brad
Olsen on the GDP number out for September quarter bats
coming up after five. You know, Stephen Topless from BNZ
is their head of research. You would have seen him
on the tally, heard him on the station at number
of times. Anyway, he's come out with an interesting take

(16:13):
on the September because it's up one point one percent
and the RBNZ and most of the economists were saying
zero point nine, which so we've beaten expectations should be
a good thing. However, he says, just just simmer down,
just be a little bit skeptical and just be a
little wary of all the noise. And he runs you
through the last five quarters. So, over the last five quarters,

(16:35):
starting with twenty twenty four's third quarter, the economy has,
he says, allegedly, plummeted one point three percent, stalled at
zero point one percent, sawed one point one percent, crashed
one percent, and sawed again in quarter three, this time
by one point one percent. He asked the question, I
think it's a reasonable one. Does anyone feel that this

(16:58):
is a true reflection of what is happening in their lives?
Do we really think we are currently growing at the
same pace as China one point one percent for quarter
three and three times out of Australia zero point four
for the quarter. He's basically just making the point. You
need to look at the number across the year, which
is one point three percent higher than it was a

(17:20):
year ago. So we are coming out of a recession.
It has been slow, it has been protracted, but we're
on the up. However, caution warning, its early days. Twenty
three to five.

Speaker 2 (17:33):
It's the world wires on newstalks, Edy drive.

Speaker 3 (17:36):
Let's go to the US. Trump's now saying stolen land
is the new reason for going after Venezuela, although no
one's really sure exactly what he means by that.

Speaker 8 (17:45):
Getting land oil right.

Speaker 6 (17:47):
Whatever we had they took it away because we had
a president maybe wasn't watching, but.

Speaker 9 (17:53):
They're not going to do that.

Speaker 3 (17:54):
We wanted back more on him later. Former Australian Treasurer
Josh Friedenberg has had AIRI interview on the ABC. This
is after yesterday his criticism of Elbow over the handling
of the Jewish community.

Speaker 9 (18:06):
How do we not see this through a political lens,
I mean the case that you're making a personal case
against the Prime minister.

Speaker 10 (18:16):
I'm deeply offended by what you just said.

Speaker 11 (18:18):
That is an insult.

Speaker 8 (18:19):
That is an insult to say that there's any political
motivation in this now.

Speaker 3 (18:24):
Of course he was from the Liberal Party, Elbow from Labour. Finally,
a female polar bear in Canada has adopted a new cub.
It's extremely rare for polar bears to adopt. This is
only the thirteenth beer adoption on record in the Western
Hudson Bay area and they've studied something like four and
a half thousand beers. A conservation group says the polar

(18:46):
beer cubs don't tend to last long if they're on
their own.

Speaker 12 (18:49):
The survivalry for cubs to make it to adulthood is
not great.

Speaker 3 (18:54):
It's around fifty percent give or tech depending on the year.

Speaker 13 (18:57):
But we know that if a little cub has NORMA,
it has almost no chance.

Speaker 3 (19:01):
Now, this story seems so cute and friendly and cuddly
and nice, but how do we know that the mum
didn't steal the baby from another mum?

Speaker 2 (19:10):
International correspondence with Ends and Eye Insurance, Peace of mind
for New Zealand business.

Speaker 3 (19:17):
While we're being skeptical about things, let's go to Murray,
Old's Australia correspondent who joins us now. Murray, good afternoon,
Hi Ryan, good afternoon to you. Now, Albaneze has made
an announcement about hate speech laws. What's he said?

Speaker 14 (19:30):
Well, look, it's a whole lot. There's been a sort
of a massive info dump today from the government under pressure.
I saw the interview last night Josh Friedenberg.

Speaker 11 (19:42):
He's Jewish. He was very very upset.

Speaker 14 (19:45):
He was at Bondai yesterday bondeou Beach, met other Jewish leaders,
attended at a funeral. He was well wound up personally, deeply,
deeply affected, but for him to say there's no politics
in this is patently ridiculous. I'm not in any way
diminishing the deep feelings of grief and sorrow and whatever

(20:07):
word you want to use. Freedenberg and the Jewish community
here are deeply traumatized. But it's just wrong to say
there's no politics in this. We'll have a look at
that in just a moment. ALBANIZI not at the funeral
of the little girl, the youngest victim ten years old,
but Susan Lee is now that's clearly political. But anyway,
back to your point, and there's a whole suite of measures.

(20:30):
The government will step up the fight against anti Semitism.
People are saying, where the hell was it in the
last two years. He also admits he and the government
could have done a whole lot more to combat the
hate that's fested within the community. The target now will
be hate preachers, these people who use the net to
spread these evil messages to their weird followers. Penalties for

(20:50):
hate speech to be amped up. Hate will be an
aggravating factor now to be considered by judges and magistrates
and sentencing. Is convicted of online threats and harassment plus
The government's going to draw up a program to list
organizations that are found to promote hatred and division much
tougher visa checks Ryan to, you know, to potentially weed

(21:14):
out these dreadful people to want to come here and
sew division and maybe even go further. There's to be
an education task force to make your education that the
system has the tools to respond to antisemitism. You know,
in Australian university's not all of them. Jewish students have
to go and study in secure areas within the campus.

(21:34):
Messis ridiculous. This is Australia. It's not the bloody Middle East.
The government says this is brand new legal territory for it,
and it is. But you do get the feeling it's
playing catch up after the dreadful events of last Sunday.
Very much playing catch.

Speaker 3 (21:49):
Up and an over correction. You know, are you at
risk of that of an overcorrection given the pressure is
under I don't think.

Speaker 14 (21:57):
As anyone in this country is going to say you
can overcorrect too much. Not what we saw on Sunday.
This country has been changed forever on the back of
what happened on Sunday. I think there's been.

Speaker 11 (22:08):
A lot of a lot of soul searching.

Speaker 14 (22:10):
A lot of people, me included, thought it'll never happened here.
We're far too far away from the hotbeds of hate
around the you know, the rest of the world. Well,
that bubble was well and truly pricked last weekend.

Speaker 3 (22:23):
Was Murray the funeral situation you mentioned it briefly, was
was he invited? Was Elbow invited to the funeral and
didn't go like, what's it's very.

Speaker 14 (22:32):
Well, it's been pardon me portrayed here today. His office
did not reach out to the family of this little
girl who died last Sunday. The family was on the
record very very angry at what it believed to be
the government's failure to tackle anti Semitism. So his office said,

(22:54):
we did not want to offend the family. We didn't
want to upset them any more than they were already upset,
for goodness sake, so we did not put that call in.
Tanya Tanya Plebasek, who is a government front bencher. Her
electorate is where this little girl's grandparents live, so she's
there in that capacity representing the federal government. Susan Lee,

(23:16):
the opposition leader, is also there at the funeral. Today
and she went through the office of Liberal frontbencher Julian Lisa,
who was himself a Jew. He or his officer, i
should say, contacted the family, may we please attend and
they said yes, of course, come along. So Susan Lee
is there and the Prime Minister is not.

Speaker 3 (23:39):
Murray appreciate that. Murray Old's are Australia correspondent. It is seventeen
to five Barry Soaper with politics, next.

Speaker 2 (23:45):
Politics with centrics, credit check your customers and get payments.

Speaker 3 (23:49):
Certainty five and that means Barry's here. Very good afternoon,
good afternoon, right, yay. Can we celebrate growth?

Speaker 15 (23:55):
Oh, we most certainly can. Congratulations, jubilation. We've got growth
of over one percent for the quarter, one point one percent,
and I've got to say if you look around the world,
that's a strong growth rate compared even to Australia they
had zero point four percent for the September quarter. The
UK has zero point one percent. So New Zealand's looking

(24:19):
pretty good. And of course it's a great Christmas present
for Nikola Willis. She's beaming from air to air today.
The point that she makes is that she's pleased with
particularly the growth areas two point two percent in the
manufacturing sector and one point seven percent in construction, one

(24:40):
point six percent in business services. Now, you know, we've
been harping on on this program for some time that
things are going to turn the corner, and this is
the first indication that they are turning the corner. And
I think next year is going to be a vastly
difficult year. As you know, Ryan will have to have

(25:01):
to approach a year with confidence, and this will hopefully
give them a bit of confidence exactly.

Speaker 3 (25:07):
And all of those sectors you've just mentioned are all
job rich ones, right, So that's been part of the puzzle.
The only thing is, because you know, Beans has come
out with something on this comparison with China and with
Australian stuff, is that we are coming off a lower
but a lower base, So it doesn't feel like we
probably don't feel like we're doing three times better than
the Australian you know what I mean.

Speaker 15 (25:28):
I think we're just getting over Adrian or pumping us
into restation.

Speaker 3 (25:32):
Exactly. They're exactly right, very exactly right now. Our parliament
wound up last night a bit of a roasting. I
had to look at the best bits last night wasn't
that great, wasn't it?

Speaker 1 (25:42):
Well?

Speaker 15 (25:43):
One roasting I really well, it was several that I
actually liked. Was Chris Lackson, who, of course you mentioned,
was on a jet Star yes afternoon coming back to Aukland.
It won't be for cost reasons. It'll be schedule, I
would think, but you wouldn't believe it.

Speaker 11 (25:58):
Goes.

Speaker 15 (25:59):
Heather has raved on about us going on jet Star
for the first time a couple.

Speaker 3 (26:04):
Of weeks ago.

Speaker 15 (26:05):
For the first time we were jet Star virgins, and
the number of virgins that we came across outside the
Cora Club sitting in the the you know, out in
the public concourse.

Speaker 10 (26:18):
Oh god, they were all virgins going.

Speaker 15 (26:20):
On anyway, I've said enough about that clearly, you guys, well.

Speaker 3 (26:25):
I like sorry. So this is I don't have a
core membership and I probably have flown in the last
three years more on Jetstar than I have in New Zealand.

Speaker 15 (26:34):
Oh dear, oh listen, can I leave.

Speaker 3 (26:38):
I haven't been I haven't been here long enough to
get a core membership.

Speaker 15 (26:42):
Well, I'll tell you how the price is compared. It
was one fifty bucks to fly to Wellington from Auckland
and New in New Zealand, same flight, four hundred and
fifty bucks.

Speaker 3 (26:51):
Yes, that's outrageous, it is.

Speaker 15 (26:53):
But anyway, look anyway to the roasting on Winston Peter's
Chris Lux and I thought it was a great line.
He said, he's on a sterling job representing New Zealand
on the world stage. He's actually such a dedicated foreign
minister that he's mastered French. And every time he gets
a post or post something on social media, he replies.

Speaker 3 (27:15):
It was quite good. It was good.

Speaker 15 (27:17):
I think that's very clear.

Speaker 3 (27:19):
The other one I quite liked is self deprecating one
where he said he spoke to Jesus every night. That's right,
that was.

Speaker 15 (27:26):
Seymour, he said. Earlier this year, David said that Jesus
very well might support act and he said, but I
talked to the guy every night, and I've never heard
him say anything about it.

Speaker 3 (27:37):
But you always wonder who's writing these jokes.

Speaker 15 (27:39):
Of course, you know, I mean, you can't take it
away from him. He had to deliver it. But I mean,
Chris Hopkins, he had some pretty good ones as well,
he said on Chris Bishop. For one, he said he
should be the host of a barbecue. He prepares one
special meal a wild mushroom stroggen Off. But it's only

(28:03):
for Chris Luxon, you know. So there was some good, good.

Speaker 3 (28:07):
Cut and we had after t MP for her name
escape sing singing and what she has a beautiful voice.
I mean she can belt it out.

Speaker 15 (28:16):
Totally out of tune.

Speaker 3 (28:18):
I'm sorry, Oh no it was crane. I saw it
cut up. I thought it was okay, Now go back
and listen again. The Green said they're going to tighten selection.
Look I find Jetstar, so clearly I've got no class,
no taste. Green sad they're going to tighten the selection
processes for their party.

Speaker 15 (28:39):
Well yes, and one would you would have to say,
indeed they need to because Darlene Tana remember her, and
remember Benjamin Doyle. He faced serious threats when he and
vitriol before he decided to quit parliament after even less

(28:59):
than a year. Chloe Swarwrick said that they were really
proud of their MPs and focusing on what they're going
to do for next year's election.

Speaker 6 (29:10):
Well, certainly I.

Speaker 15 (29:11):
Think they have to look at their selection process because
it really hasn't stood the test this year.

Speaker 3 (29:18):
No, it's certainly not very appreciate.

Speaker 15 (29:20):
That nowice to talk to you jetstar man.

Speaker 3 (29:22):
I may or may not see you in a core
lounge in the sometime in the futures. With politics, there's
nine to five News Talks, the bet.

Speaker 2 (29:30):
The headlines and the hard questions. It's the mic asking breakfast.

Speaker 12 (29:35):
Government has finally killed its road cone hotline, which despite
the name, actually wasn't a hotline at all, and ninety
three percent of the road cones were actually within the rules.
Brook van Velden is the Minister for Workplace Relations in safety.

Speaker 3 (29:46):
Why'd you kill it?

Speaker 16 (29:47):
Well, after six months it was pretty clear what the
data was coming back with. Even though there weren't people
on the ground putting out excessive use of road cones,
eighty six percent of them were compliant with council approved
temporary trap management plans, which really pointed the finger the
fact that the council have excessive use with their plans.

Speaker 2 (30:06):
Heather duplicy Ellen on the my hosting Breakfast Fact Tomorrow
at six am, We're the Defender News.

Speaker 3 (30:12):
Talks EDB six to five on News Talks, he'b We'll
talk to Brian Henry after five about Gloria Vale, the
Ministry of Educations deregistering, shutting, basically shutting the school down.
There this Texas, says Ryan. Gloria Vale is an hour
from Graymouth. There are a couple of small schools closer
to Muana and a Hoder A Hoder, I should say,

(30:34):
but there is no way they could take them. Is
the ministry going to send six buses up every morning
to bring them to already overcrowded schools? This is crazy.
Should have been done gradually. I tend to agree, Like
what you can't just close the school down? The effective
date is twenty third of January. So you've got parents
who are thinking their kids are going to a school
starting after Christmas and that school will no longer be

(30:57):
in existence. So what do you do They all got
to be homeschooled or what is the plan. We'll talk
to Brian Henry about that. After five now loads of
texts on Jetstar, Ryan, nothing wrong with Jetstar. It's not
five Star, but it gets you from A to B,
says Die. I like that, Die, and it's true. The
only thing with Jetstar that I have encountered in the

(31:17):
past is that if you get on there the first
flight in the morning, the very early one, they would
often cancel it, and so you get a text at
like three am if it's a six thirty am flight,
you get a text at three am saying we've canceled it.
And that did happen to me quite a few times.
And then if you want to rebook it, would you'd
basically have to wait a day or two. So you can't.

(31:39):
You have to be a little flexible with Jetstar. That's
the only caveat for you, which I don't think would
suit very clearly. Ryan, isn't this is from Pauline Good afternoon,
puling right? Isn't it a great pity? And most amusing
that Ruth Richardson has checked out of this confrontation with Nicola.
It was meant to happen this afternoon, Remember it was

(32:00):
meant to happen on this show actually until Nicola got
all carried away with herself. Anyway, we did, did we did?
We try again today? For a laugh? Which for a
laugh we tried again today? We thought, well, well, you
know who cares. Nicola'd be feeling good off the back
of these GDP numbers. Surely she'll be have a spring
in new step. Should we wanted to come and do
battle with Ruth Richardson. Anyway, we didn't hear back from

(32:22):
either of them.

Speaker 17 (32:24):
I mean, we know they're not busy doing a debate
because they're not doing it, so I don't know what
else they could be.

Speaker 3 (32:28):
Doing exactly, and what's the harm. It's nearly Christmas. Just
come on and have a bit of a buffo. Anyway.
I don't think we're missing much. We know what Ruth
would say, we know what Nichola would say, and we
can all just you know, talk to Brad Olson instead.
He's coming up after five o'clock. Brian Henry on Gloria Vale,

(32:49):
We'll talk Jenny Wiley with Mark Foster, former Silver Fern
and absolute legend. All ahead on your Thursday afternoon here
on News Talk zmbhening me, isn't it so?

Speaker 18 (33:04):
Then?

Speaker 3 (33:04):
Made bed Tim and Middle Hien.

Speaker 11 (33:08):
Is Little.

Speaker 2 (33:13):
The only drive show you can try to ask the questions,
get the answers, find the facts and give the analysis.
Ryan Bridge on hither du for c Ellen Drive with
One New Zealand and the Power of Satellite Mobile NEWSORGZIBB.

Speaker 3 (33:28):
Seven after five years talk said b quarter three GDP
up one point one percent. Nikola Willis is cracking the
Champagne a little early for Christmas. A huge turnaround from
the second quarter when the economy shrank one percent. Looking
at the past year, we were was we're actually a
bit smaller, point four percent smaller than in the year.
Two September twenty four, Brad Lsin, Informetric's principal economist is

(33:51):
with me tonight bred good evening, good evening. Quite the
turnaround there.

Speaker 19 (33:55):
It was quite a turnaround. But you're right that realistically
the economy is still not necessarily been growing by leaps
and bounds. It's more tried to fill in the hole
that we had earlier this year. There was a little
bit more activity at the start of the year, of course,
a bit more of a cratering in the second quarter,
and then a bounce back in September. So that's good
and I think probably the most pleasing part of that result,

(34:17):
and I don't want to overreg it, but you did
see that fourteen of the sixteen measured industries that statsn
Z looks at did see an improvement, so it was
a bit more broad based over all of the figures,
which is encouraging. You know, you were seeing a lift
in the likes of manufacturing, you were seeing more coming
through from professional and business services, so that was encouraging that. Again,
momentum is starting to build, but it's building from a

(34:39):
weak spot. So we're certainly not saying that, you know,
the economy is completely back, but it is on a
better track.

Speaker 3 (34:45):
And that's the point important point to make, isn't it
that while the numbers, if you look at the number
as a noomenal figure, we're growing three times as fast
in this quarter than as the Australians. We're growing as
fast as China in this quarter. But it won't feel
like that because we're coming off a very low base.
Well exactly.

Speaker 19 (35:03):
And look if you look at you know, the Australian
figures compared to where we were you know last time,
so you know, New Zealand was down you know, one percent,
whereas the Australians they were still growing. And so if
you sort of look at them all together, they grew
i think, point six percent on the second quarter. We were
down one percent. We've then come back one point one

(35:24):
percent in this quarter they were up point four So
you add them together, we're basically in a pretty similar position.
We just had to go through a world of pain
to sort of get there where they've had sort of
more consistent growth, and that's probably the piece we're looking
for a lot more next year, is can we just
get a bit more consistency. Everyone's asking, of course, for
better economic numbers, and yes, that's totally true, but you
also need a bit more of that consistency before businesses

(35:46):
and households really buy into an economic recovery and say, look,
it's actually happening, happening, I can plan my life around it,
rather than everyone going well, look it was good now,
but then it might sort of pull back and then
it might be better in the future. That sort of
stopped start element of the economy is not helpful going forward,
and so these figures, being broad based, do support a
little bit more of that uptick as we head through

(36:06):
into twenty twenty six rare.

Speaker 3 (36:08):
Do we need to worry too much about Fonterra downgrading
it cutting its forecast? I mean, we know the price
has been dropping on the global dairy trade options, but
do we need to be worried about the fact that
this is coming down? Does that affect the growth for
next year?

Speaker 19 (36:20):
Look, it doesn't make it quite as easy to maintain
that sort of same growth profile. But equally, look, this
has been signaled when Fontira came out with their first
price for the year, they deliberately had it a bit
more open and sort of signaled that, look of things
turned around, then we could be getting back to these
sort of levels. It's still a decent payout, I mean,
for goodness sake, it's still over nine bucks. That's a

(36:40):
good number, but it does start to again just trim
it a back a bit. And we know that the
primary sector, although they have had more money in recent
times coming through, they haven't necessarily spent it straight away.
So look, you've still seen some good recovery in parts
of provincial and rural New Zealand. But I think it
just goes to show that we sort of can't bank
on anyone bit being the silver bullet for economic growth

(37:01):
in the next year. It does have to be a
little bit more across the board, and those global shops,
those global factors that we can't control at home are
still things that we're going to have to watch out for.

Speaker 3 (37:10):
Thank you, Brad brad Olsen in for metrics. They by
the way, the Fonterra price forecast cut from nine to
fifty down to nine dollars their midpoint. And as I said,
the global dairy trade options have been coming down. But
if you look prices down for since the May peak
are down a quarter and Fonterra's price now down since

(37:32):
the start of the season ten percent, and supply obviously
has been going up. What does it do to on
farm costs, on farm profits. We'll talk to David mckaye,
host of the Country After Six on that later.

Speaker 1 (37:47):
Bryan Bridge, the school at.

Speaker 3 (37:49):
Gloria Vale is going to be shut down next year.
This has just come out this afternoon, the Sectuary of
Education canceling their registration. They've had two failed Arrow audits.
The de registration will take effect January twenty third. Brian
Henry is a lawyer acting for former Glory of our
members and he joins me now, Brian, good evening, Good evening,
what is your reaction to that news.

Speaker 20 (38:12):
I've got two reactions. The first is I do not
understand how the school, which has been under the control
of two convicted sex offenders for the last fifty years,
has ever been allowed to pass any hero reports or
carry on. The second is I think we have to
acknowledge that this minister in the ministry. I believe it's

(38:34):
been an eighteen month process, have finally taken the cudgels
in their hands and finally reached the decision.

Speaker 11 (38:42):
I think is totally right.

Speaker 20 (38:43):
This school is the enabler of sex offending, and it's
the enabler of basically enslaving young children born in the community.
It keeps them ignorant.

Speaker 3 (38:53):
Brian deliberately, Brian, what happens now? What happens to the
Apparently they're about one hundred and ten roughly one hundred
and ten student at the school. Where do they go?

Speaker 20 (39:03):
Well, they need to go into the state system. There
needs to be a process to introduce them into it.
But the sooner they integrate with the general state education
and they get educated properly, the better. Because these are
young kids who are just stifled in life. They cannot
get ahead in the open world because they're just not educated.

(39:25):
They kept unworldly using their own words, and that's just
kept ignorant and that's very bad.

Speaker 3 (39:32):
Is there a what do you worry that they might
just be homeschool or something like that.

Speaker 20 (39:38):
I understand that they will try to home school, but
I also understand the home schooling is not successful in
the sense that they're not getting good pass rates. The
whole thing is the parents are ill educated. They can't
educate their kids because they've been through this process themselves.
As I said, it's fifty years of the school in

(40:00):
it's fifty years of bringing up adults who are literally
not worldly, not well educated, have no great understanding.

Speaker 11 (40:08):
Of the world. How do they teach their children? They can't.

Speaker 20 (40:11):
All they do is teach the same stifled slave environment.

Speaker 3 (40:17):
Brian, appreciate your time tonight. Thank you, Brian Henry, who's
the lawyer. It is thirteen minutes after five m bridge.
By the way, the Ministry of Education has given us
a statement. They say, you legally have to have your
kid en rolled in a school and then you have
to apply for an exemption to homeschool them. So then
it's up to the parents whether they apply for the
exemption or not. And obviously that exemption has to be granted,

(40:40):
which is not a given. And they go on to say,
this is the ministry statement. There are a number of
schools near Gloria Vale so and they're not big ones.
The ones that are close to Gloria Vale, so look out.
The school role might be expanding somewhat come January twenty
third next year, now to Australia, very quickly, the Bondi
terrorist susible. This is the suspect and the dead terrorist.

(41:01):
We used say we spoke about and we spoke to
that expert about them going to the Philippines and it
was like, what are they doing in the Philippines? Why
were they there for a whole month? A bunch of
journalists have got in touch with the hotel where they
stayed for a month. They initially only booked for a week,
and then they kept extending by a week so that
they ended up being there a month. Now the entire

(41:22):
four week visit, they spoke to the cleaners, spoke to
the reception, you name it. For the entire four week visit,
they were in their hotel rooms except for an hour
or so at a time. Very bizarre. The hotel room
is just like an empty box. There's nothing, there's no internet,
there's no TV. What are they doing in there? For

(41:43):
twenty three hours of the day. They reckon, They left
occasionally for an hour at a time. Never saw them
get into anyone's car, or be meet anyone or talked
to anyone. Very bizarre. So what happened in the Philippines,
Why did they go there? It's all a bit of
a mystery. Five News talks the b Marg Foster on
Netball in z next. Staying connected isn't just convenient, it's

(42:06):
absolutely critical. You know that with one New Zealand satellite,
you get mobile coverage across the country, even in those
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the way, is around forty percent of our land mass.
You'll even get coverage out to sea up to eighty
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Business doesn't just happen in the office anymore. It happens

(42:27):
pretty much everywhere. With a satellite ready phone and a plan,
your team can text, send photos, voice notes and short
videos from anywhere in the country that they can see
the sky and when the unexpected hits think storm, power outage,
even natural disasters, satellite coverage means your business stays connected,
offering and an added layer of safety for your team.
Not only do you get better coverage, but there's an

(42:49):
added layer of safety for your people as well, whoever
wherever work takes them. The only place to get this
world first satellite mobile connectivity is with One New Zealand
sop online and visit one in z Slash satellite or
visit them in store to learn more.

Speaker 1 (43:04):
Brian Bridge, You're on.

Speaker 3 (43:05):
News Talk zeb five nineteen. Jenny Wiley is out at
Netball in ZED. She's leaving with immediate effect after nine
years as chief executive and has acknowledged quote challenges along
the way under the spotlight of the Dame nol Saga
former self with ferend Mark Foster with me tonight, Mark,
good evening.

Speaker 21 (43:23):
Good evening, Merry Christmas.

Speaker 3 (43:25):
Merry Christmas to you too? Are you a little more
mery knowing that Jenny Wiley's out?

Speaker 21 (43:31):
Oh yeah, it's good. It's a great time to be
able to reset and move forward. And like, you know, yeah,
I think it's obviously it's only going to be good
for our sport. We need to do something.

Speaker 3 (43:44):
Do you think that there'll be more from where this came?
You know, all the board go or some of the
board members go to should.

Speaker 21 (43:50):
They Well, hopefully in that respect, because you know, when
you're bringing fresh change, you've got to have people that
really support your vision and you know in there and
you're working collective. Lisa, it's an absolute opportuing time to
you know, like to have a complete sweep out. And
if you look at it over in Australia with what

(44:11):
they did with Netble Australia, they did this, they went
through this situation and they have got the most amazing
Liz Alice running the show with her board and they're
just flying. They are accelerating at a huge rate, which
is incredible. And that's why don't we just use the
same templates and then just add a little bit of kivy.

Speaker 3 (44:32):
Toss to it. Yeah, I like what the plan you're
laying out for us here, marg Who do you think?
Who do you think could be a good CEO?

Speaker 21 (44:42):
Well, look, I think it's obviously someone that's got those
those skills, that's really passionate about netball and has got
the energy and you know, like you know what it's
like being a leader. You know, you've got to be
able to walk alongside but also be flashing the slip
and torch you're going in the tunnel wherever we are going.

(45:03):
And I think that that light just kind of went
out and we didn't have that same direction. So, you know,
hoping that some amazing people male or female that have
a real passion for our sport. Really step up and think, yeah,
I want to take take it on board because it
is a big I mean, it is a challenge, but

(45:24):
you've got to surround yourself by the right people.

Speaker 3 (45:28):
You're not looking for a job, are you, marg No.

Speaker 10 (45:30):
Absolutely not.

Speaker 21 (45:31):
But I'd love to be part of the board, like
just to put my fifty cents worth in because I've
always been outspoken. But but obviously it's all about the sport,
like about Netborns never ever so you know, like no, it'
turely presents itself on the air.

Speaker 3 (45:48):
Well, yes, you're certainly trying to line that up tonight.
Make how good to have you on the show?

Speaker 1 (45:52):
Good to share.

Speaker 3 (45:52):
It's almost Mark Foster's former Silver firm and very cheeky
indeed cutting.

Speaker 1 (45:58):
Through the noise to get the facts.

Speaker 2 (46:00):
It's Ryan Bridge on either duplicy Ellen Drive with one
New Zealand coverage like no one else News Talks.

Speaker 3 (46:07):
They'd be five twenty four great to have your company tonight.
There's a really interesting piece in the Jewish Independent today
basically saying that Jews will never be safe anywhere in
the world, despite the best intentions of governments around the
world to try and protect them, and they name Czech
New Zealand, Australia, Europe, even Israel. Doesn't matter where they are,

(46:28):
they will never be one hundred percent safe from persecution.
And the reason for that is pretty simple. No country,
no matter how strong its hate speech laws or its
anti racism campaigns, can stamp out hatred completely because that's
what humans do. Sadly, humans hate and rage. It's sort
of part of the human condition. And so across the

(46:50):
Tasman Elbows come out with a bunch of changes today
under massive political pressure, almost fighting for his political survival
or at least his reputation, ons which he says these
changes will make Australians safe, except do we believe that?
Do we think they will do much? Whatever law they pass,

(47:12):
saying be nice quickly undone by a couple of social
media videos that radicalize everyday Australians into Middle Eastern politics.
Same goes for the Muslim community. They won't be totally
safe either, even with the strictest laws in a modern
democracy that you can muster. John Howard was a bit
right when he said that the gun law stuff is

(47:33):
being used as escapegoat. The annoying thing about all of
this is that with March fifteen, new gun laws shouldn't
actually have been needed. The Aussie terrorist who did this
should never have got a gun license in the first place,
and the Royal Commission found that procedures by police weren't
followed properly, there were systemic failures, etc. Etc. Getting the

(47:57):
laws right and following them may they not have stopped
the killing. And that is what the Royal Commission made clear.
But it just goes to show that no matter how
stringent and tight your laws, no matter how well they
are followed, bad things can and do still happen. And
in Bondi they allowed a guy to buy guns whose

(48:18):
son was mates with some ISIS dudes, which the security
agencies apparently knew about. That's not smart, that's not common
sense and if that is illegal, sorry, if that is legal,
then it should damn well be illegal. Bryan Bridge five
twenty seven on Newstalk, Sa'd be lots of farmers getting
in touch because the fonter has dropped that forecasts priced down.

Speaker 11 (48:41):
Ryan.

Speaker 3 (48:42):
I'm a dairy farmer. This is from Brad. I tell
you this. All the people in New Zealand think that
when the milk price goes up. We all have money.
It's bs. Everything that we need to run a business
has gone up as well, product services. This is your
on farm costs problem a your honor, says Brad, is
the fact that when the milk price comes down again,

(49:02):
the cost that we have to pay don't. So don't
expect primary industry to fix New Zealand because it won't.
On that cherry note, Bred, thank you. We will go
to news hard.

Speaker 2 (49:13):
Questions, strong opinion Ryan Bridge on hither dupisy Ellen drive
with one New Zealand and the power of satellite mobile
news storks MB.

Speaker 3 (49:33):
Pretty far away from six on newstalgs NB after six
that hy he mind the gold mine there is getting
an expansion, been given the green lights under the fast track.
We'll look at that. Also. We will talk to Jamie McKay,
host of the Country, on the milk price. Now, the
back to the Bondaier terror situation for a second. The
two terr well one alleged terrorists now one dead terrorist

(49:53):
who traveled to the Philippines and was just talking about
what were they doing there, because initially it was the
question was were they getting some sort of training because
they were there for a whole month, and then you
had the people come out, the experts say, well, a
month's not actually have of a long time to get
you know, some sort of ISIS style boot camp training,

(50:16):
terrorist training camp. And now we find out that they
were in a hotel room the whole time, and this
is according to the hotel staff that have been spoken
to by journalists and a whole bunch of other people.
And so has is that evidence? And that's a question
that one of you is asking Ryan, this is Steve,
the hotel and the Philippines. They may not be telling
the truth about what they were up to on this

(50:37):
one month's day, which is a good point. And also
the president of the Philippines has come out and said, no, no, no,
this is nonsense. They weren't here being trained for any
such activity. But then you think, well, you would say,
you know, I mean, you don't exactly want to promote
your tourist destination as one associated with an ISIS as
an ISIS hotbed, do you?

Speaker 1 (50:58):
So?

Speaker 3 (50:58):
Who do you believe? Twenty three bread Rich Totaling A
city council is going to ask residents which services they
want to catch when their rate cap comes in twenty
twenty eight councils will only be allowed to increase rates
by four percent a year max. And totong Is current
long term plan is forecasting an increase of between five
and eleven percent a year. So the council has agreed

(51:21):
to do public consultation. Marha Drysdale is the mayor and
joins us now. Mah, good evening, good evening.

Speaker 11 (51:27):
Good to speak to you and.

Speaker 3 (51:29):
To you too. So can we first of all, I
know what the first thing that total and residents will say,
They'll say, cut your coffee budget and move out of
your nice flash digs.

Speaker 11 (51:40):
Yeah, that's right.

Speaker 22 (51:41):
Look, we're we're looking at every cost and we're taking
cost out wherever we can. But you know, if you
look at this year's capital budget that has a rates
increase next year of six percent, and that is just
interest and depreciation. So if we're building infrastructure that has
an operation and cost and you know, so we're going

(52:02):
to have to not only cut cut costs just to
get down to the four percent, but we're going to
have to start looking at, you know, potentially services that
we're no longer going to be able to deliver if we're.

Speaker 11 (52:13):
Going to live with now within within those targets.

Speaker 3 (52:16):
What would you because you've been elected mayor, right, what
would you you cut?

Speaker 22 (52:23):
Look, it's it's hard because you know, as I said,
we've we've cut the easy things. We took thirty eight
million dollars out of our budget and the past twelve months,
so you know, the easy stuff's been done, and now
we've we've actually got to start looking at at services.

Speaker 11 (52:40):
There's not there's not a good option. I think that's
really the key.

Speaker 22 (52:44):
There's there's things that you'd say maybe aren't core services,
you know, supporting community organizations, helping you know, deal with
with some of the homeless people, things like that. I
think they're quite important services to deliver out to community
because it's what they want. But how many of the
sort of things we're going to look at.

Speaker 3 (53:03):
What's your overall budget.

Speaker 22 (53:06):
We spend about this year is around five hundred and
ninety million dollars, right.

Speaker 3 (53:12):
And so you got rid of thirty eight so dropping
the ocean and that what your services, your community organizations,
your homeless stuff. I'm assuming that's going to be a
fraction as well. What are your big ticket items that
you would be looking to cut to actually make this work?

Speaker 22 (53:27):
You reckon well, I guess where we have been looking
is and what we have done A lot of that
thirty eight million is around personnel costs, consultants, you know,
those those sort of big ticket items. But you know,
as I say, we've done a lot of that and
we're doing more. We're looking at all those those costs.

(53:49):
But you know, then then you know, the big items
are things like depreciation, interest, those costs if you build infrastructure,
you borrow money, those costs effective just come out the
next year. So you know, those are things that we
can't control. So outside of that and those personnel costs,

(54:10):
then then we're we're starting to start to.

Speaker 11 (54:13):
Scrape the barrel.

Speaker 3 (54:14):
Really, how many staff have you got.

Speaker 11 (54:17):
At the moment. We've got about twelve hundred stuff.

Speaker 3 (54:20):
Wow, for total on the city council. And how many
do you think you should have or how many do
you actually need?

Speaker 22 (54:27):
Well, that all comes down to what services you want
us to deliver. So you know, that's that's the conversation
that we're we're now got to have so to deliver
the current services.

Speaker 11 (54:39):
You know, that's that's.

Speaker 22 (54:40):
Probably around the right number. But you know, if we're
prepared to stop doing things, then then we can cut that,
you know, a lot, a lot further.

Speaker 3 (54:50):
All right, I appreciate your time. Maha Drysdale, mayor of
Toto on they are going out for consultation to find
out what residents, what rate pays think they should cut
to get under the rates cap. Nineteen away from six the.

Speaker 2 (55:02):
Huddle with New Zealand Southby's International Realty, a name you
can trust locally and globally.

Speaker 3 (55:08):
Joining me on the huddle tonight is Craig Rinny, who
will soon be surely a laboring p and nickle get
infrastructure in New Zealand. Good evening, good evening, good earing.
Good to have you both on the show. Craig, I
want to get your tech fist on that GDP number
today is I mean, can we at least celebrate something or.

Speaker 9 (55:25):
We can absolutely celebrate that we're not continuing to decline.
You know, the economy rose quarterly one point one percent,
but annually it's still down zero point five percent. We
still see falls in manufacturing, in construction. Business investment is
lower than it was in twenty twenty three. The economy
is smaller than it was in twenty twenty three. So

(55:47):
there's a whole bunch of stuff in there. Yes, it's
a good number, but it's one good number when you
said it in the context of rising unemployment and a
range of other indicators that shows the economy is definitely
not out of the woods.

Speaker 3 (56:00):
Came soon, no, and we're just one shock away from
everything going tits up again.

Speaker 23 (56:04):
Nick, Yeah, I mean it does feel as though there's
still an element of risk here. And the thing I
always look for. I think in real time we can
feel a bit of an improvement around New Zealand, but
the real challenge is always confidence. Are people confident to

(56:24):
spend a bit more to buy the new house or
the new car, or that they're going to have a
job that perhaps pays more in a year's time. And
I just don't feel we're quite there yet, certainly where
it comes to infrastructure. The country feels next year as
though there's going to be more happening, but it's still

(56:44):
very tentative, and I think we need a greater shot
in the arm before we can sort of pop any corks.

Speaker 3 (56:51):
Craig, what do you say when people come at your
with like, yeah, you can criticize this government, but why
will we in the mess to begin with? And it
was labor and charge at that time, and and what's
to stop us getting back during in under labor. You know,
if you did it once, you can do it twice.

Speaker 9 (57:07):
During the election, the economy was grown by two point
four percent. A yeah, it's now declined by zero point five.

Speaker 3 (57:15):
And so we had to creation.

Speaker 9 (57:18):
What caused the recision, right, and our reflation story, Ryan
is absolutely bog standard in relation to every other country
that we compare ourselves to, and they're all growing, their
economies are all growing in ours is not. And so
when we look at things at the performance of services
in decks around the world, that's all positive except in
New Zealand totally, you know, So you fix that problem,

(57:42):
and the current prescription we're getting from the government is
seems to be exacerbating the problem here when we look
at other countries.

Speaker 3 (57:50):
I think that's where you potentially have some mirrant in
the argument. Do you buy that as well, that if
the government had rolled out more money for I don't know,
infrastructure for example, earlier on in the piece, that we
wouldn't necessarily be as bad as we are now.

Speaker 23 (58:05):
Well, I would say yes, wouldn't I? But I think
that Look, Craig talks a lot about investment, you know,
and getting value from things, and I do actually think
that should be the focus for the country. We should
have looked at projects, particularly infrastructure, but not limits to
but also social spending where we would know that investment

(58:26):
would give us value. And I do think there was
too much stopping and cutting. But I think that whichever,
you know, both major parties next year will be forced
to provide a responsible view as to how we're not
going to spend so much that inflation gets out of control.
But also we want a government to invest so the

(58:47):
economy grows and people have access to jobs and access
to the right kind of services that help them live
a good life.

Speaker 3 (58:54):
Nickley get Craig Rennie on the Huddle tonight. It is
called six back in a jiffy.

Speaker 2 (58:59):
The Huddle, New Zealand Southby's International Realty the only truly global.

Speaker 3 (59:04):
Brand thirteen Sex on News Talks inb We've got Craig
running from the CTU and Nickliget from Infrastructure and Z
on the Huddle tonight. Did you see Craig the story
about Glory Vale. So the Ministry of Education is shutting
it down, like deleting its registration and doing it quite
quickly from January twenty third next year. So you're going

(59:24):
to have one hundred kids who basically need to find
new schools end quick Yeah.

Speaker 9 (59:29):
I think there's been a range of concerns about that
school that have been you know, thought about over over
what appears to be quite a long period of time.
I appreciate it. You know, it's going to be incredibly
disruptive for those children, But making sure that those children
get a quality education and the best start in life
is much more important than the school's registration or its
ability to continue. And if it's not delivering the education

(59:51):
that we want to see for those children, then really
we should be supporting its closure.

Speaker 11 (59:56):
Yeah.

Speaker 3 (59:56):
And I guess once you've made that decision, if it's
not safe, even if it doesn't deserve to be registered,
I guess you just got to do it quickly, don't
you rip the band aid of.

Speaker 9 (01:00:05):
Absolutely, you can't make sure that this is the best
continuing to delay the education of children back around.

Speaker 3 (01:00:12):
Yeah, Neick, what do you think, Well.

Speaker 23 (01:00:14):
There's no easy way, right. These kids have to be safe,
and I think every New Zealander would expect that they're
right to have an education is preserved and is the
same as any of our children, and I think it's
the right thing to do and that hopefully in the
new year they'll be able to start new schools that
are close enough to home. Now it's going to be

(01:00:34):
difficult on the West Coast because a hundred and in
fact of one hundred kids into the school is going
to be a bit of a resourcing challenge, but at
least they've got some time to get The Education Ministry's
got some time to sort that out. But I Lot
the first priority here is those kids accessing what they're
entitled to and that is a decent New Zealand education.

Speaker 3 (01:00:55):
Nowick, when the Wellington water business was going on, you
are recall very distinctly fronted up here on Newstalk SB
number of times, might have even come on the Herald
Show as well. You know you out there and you
were fronting it. This netball New Zealand thing whenever anything happens.
And it's not just netballne neusic, it's sporting bodies. There's

(01:01:16):
something wrong with them that they just don't front up.
And I don't think it's good enough. What do you think.

Speaker 11 (01:01:23):
I think?

Speaker 23 (01:01:24):
Well, Ryan Lot, full disclosure, being upfront apologizing, laying it
all out there and showing how you're going to improve
is the way it should be done. And yeah, I
think Netball New Zealand, I mean it's clearly an organization
that has grappled with the challenges that has faced. I
think Dame Nolean has been done a disservice and clearly

(01:01:47):
now there's some USU being taken out on parts of
the organization and it's happening in you know, a really
poor way. So yeah, I think actually come and clean
and actually describing what's happened, even though that'll be uncomfortable,
would be the best way forward for Netball New Zealand
so they can preserve some credibility.

Speaker 3 (01:02:08):
Yeah, Craig, I'm assuming you agree.

Speaker 9 (01:02:10):
With this absolutely. I think you know, the key thing
about leadership is it's about leading, and you know, someone
needs to be leading here and saying this is not
working if k hasn't been working for a while, and
that probably needs to be a look more generally at
how this how Netball New Zealand, which is a really

(01:02:30):
important organization in New Zealand, is working, and whether or
not it's really delivering for in non New Zealand as
in terms of those who follow.

Speaker 3 (01:02:37):
That born here. So, Craig, does that mean because you're
about to have a big, long, illustrious political career and
things will go wrong, They'll be scandaled, There'll be something
will happen that every time that happens, you promise, you
promise us all here and now, that you will come
on news talks on the day that that happens.

Speaker 9 (01:02:55):
I am I amber John Key famously saying that it
was never the stake, it was always the cover up
that led to the problem. And there are very few
things I agree with John Key about, but that's one
of the few things I do agree with you. I
haven't killed yes, because then.

Speaker 24 (01:03:12):
There will be other radio stations available at the time.

Speaker 6 (01:03:15):
So I will well, I'll tell.

Speaker 9 (01:03:18):
You, I'll tell you what if I'm ever, if I'm
ever in the situation where I'm looking at something as
bad as what appears to be Netball New Zealand, then
I will absolutely be standing in front of you telling
you this needs to change.

Speaker 3 (01:03:33):
I'm not even gonna try for more than that, Craig think,
thank you, Craig Green to ute economists and nick le
get infrastructure he did on your handle. It's eight minutes
away from six.

Speaker 2 (01:03:44):
It's the hitherto per Se Alan Drive Full Show podcast
on my hard radio powered by News Talks.

Speaker 1 (01:03:50):
It'd be.

Speaker 3 (01:03:53):
Five to six on News Talks. Everyone remembers Susan Ball.
You remember Susan Ball, don't you? From Britain's got talent.
Quite a weird story that's come out today. Well it's

(01:04:13):
not that weird, I guess, but he would have been
quite young when that happened. And apparently he's quite a
fan of Susan Boyle. This is Timothy Shella made. This
is the actor very famous now in Hollywood. He's named
Susan Boyle as one of the figures. One of the
greatest Britons that has ever lived.

Speaker 1 (01:04:32):
We Brits would be worthy a.

Speaker 18 (01:04:35):
Great question man, you know Lewis Hamilton, Victoria and David
who else?

Speaker 14 (01:04:41):
Man?

Speaker 18 (01:04:42):
Fake mank Susan Boyle? Why she dreamt big? She dreamt
bigger than all of us? Who was a moved by that?
I remember that like it was yesterday. That was like
the advent of YouTube, you know.

Speaker 1 (01:05:09):
So I don't know how.

Speaker 3 (01:05:11):
Seriously you should take his comment. It did seem a
little bit like a throwaway comment. But anyway, Susan Boyle
was absolutely chuffed and was asked about it, and I
responded that it's one of the kindest things anyone has
ever said about her, so she was very happy with that.
Coming up after sex, we're going to talk about the
milk price. We're going to talk about the fact that

(01:05:31):
the mind the expansion and why he that. You know,
they wanted to get it through the fast track. It's
getting through the fast track. It's going to get a
green light. This is good. This is part of the
growth story. So we'll talk about that, and I'll tell
you also this interesting story about BP. They've got a
new CEO. They've been in big trouble lately, as you

(01:05:52):
may know, and normally they recruit internally. They've gone for
an outsider this time for a very good reason. That
story and more straight AHA News Talks MB.

Speaker 1 (01:06:13):
Your husband is coming keeping track of where the money

(01:06:37):
is flowing.

Speaker 2 (01:06:38):
The Business Hour with Ryan Bridge and Mass Motor Vehicle Insurance.

Speaker 1 (01:06:43):
Your future is in good Hands.

Speaker 3 (01:06:45):
News Talks EDB Good Evening at seven after six This
is the business our. Sam Dickey wraps the year on
the markets for twenty twenty five. That's after six thirty.
The evening into Brady In the UK. Jamie mckaye, Host
of the Country, joins us too. A big mining project
has gained fast tra approval to expand operations and Why
He approval time for Why He North was cut from
an estimated weight for it five years to consent to

(01:07:09):
one hundred and twelve days. Hodaki District Me to Toby
Adams's with me tonight, Toby, good evening.

Speaker 24 (01:07:14):
Good evening.

Speaker 18 (01:07:15):
How are you right?

Speaker 3 (01:07:15):
Good thing your shoes? That's quick, isn't it?

Speaker 1 (01:07:19):
Well?

Speaker 24 (01:07:19):
Me answering the phone all the time it took for
them to get.

Speaker 3 (01:07:21):
The content both Toby, Yeah, no, yeah, no, that.

Speaker 18 (01:07:25):
Is that.

Speaker 24 (01:07:27):
It took a little bit of a process to get
it to the fast track content. But yeah, that is
that is a quicker way of doing things for sure.

Speaker 3 (01:07:32):
Do you think that this means you will get pushed,
you know, more pushback than you would otherwise have gotten
to because the community hasn't had as much of a say, I.

Speaker 24 (01:07:42):
Mean, the community did get a little bit of a
you know, there was a short amount of time that
they could put some submission, but council got a little
bit of time and we'd we'd you know, we'd worked
on it previously, so we have been working with the
company for a number of years. We kind of knew
the type of things that we needed to put in
there for a submission, and we've got a lot of
those things through, so we're quite comfortable that the communities
has been heard.

Speaker 3 (01:08:03):
You've done the leg work, what are They're definitely done
the leg work. What are the benefits?

Speaker 24 (01:08:09):
I mean, there's a lot of benefits for the workforce
for sure. You know, it brings economic wealth into the region.
And there's a lot of people that say that the
gold profits go overseas, and that may well be true,
but there's a lot of employment locally within the Herdakei
region and further afield that really get that benefit out
of it. Good paying, well paying jobs.

Speaker 3 (01:08:31):
Yeah, it's the five point two billion in additional gold
and silver exports, but that is the exports. Do you
know how many jobs are Do you have a number
of extra jobs for this particular.

Speaker 24 (01:08:41):
Mind, Yeah, I mean I've been talking an extra three
hundred jobs, So that's a that's a that's a big employer.
So that just creates more families. Yeah, permanent jobs.

Speaker 3 (01:08:53):
Right, what's not to like? What about the environment? Do
you know, what is the worst case scenario with this
or is it kind of like it's why we already
do mining, people are used to it, or are there
specific environmental potentially environmental flow on effects from this particular project.

Speaker 24 (01:09:10):
There's always an environmental aspect to mining or any sort
of mineral distraction, whether it's a quarry, coal, gold, silver,
whatever it is, is always going to be that environmental issue.
This is a company that we've worked with for a
number of years and I have to say that they
try as much as they can to be as environmentally
neutral as they possibly can. Obviously there's tailing stems, which

(01:09:33):
is the biggest concern that people have, but the manner
in which they construct them and look after them is
second to none. It's probably some of the best in
the world.

Speaker 3 (01:09:43):
Appreciate your time, Toby.

Speaker 11 (01:09:44):
Thank you.

Speaker 3 (01:09:44):
Toby Adams, who's the Hurdoki district mayor talking about the
great news, Well, I mean, unless you're Catherine Della Hunty,
I don't mean she's going to be stoked about this,
but everyone else I imagine and why he will be
pretty happy with it. It is ten up to six
Ryan Bridge, by the way, the amount of the crown
will get from this crown revenue. And this includes your
tax take, includes your paye from your workers, includes your royalties.

(01:10:08):
A net present value is how they determine it. Four
hundred and twenty two million dollars over the life of
the mine. Now, I promise you I'll tell you about BP.
And BP's interesting because it's a little bit like Ford.
The other day we spoke about Ford and they did
the big write down on their EV punt twenty billion dollars.
I think it was the biggest write down of any

(01:10:30):
American business ever. Anyway, BP has been in a spot
of trouble of its own. This is over the renewables
punt that they took, where they said, we're not going
to be like those other big, bad, evil oil companies,
even though they are a big bad oil company. We're
going to get into renewables. And it's cost them profits down,

(01:10:52):
you know, debt up, all the bad things. And they
are cycling through their third chief executive now and think
about seven years, all the past five to seven years,
and they've got a bunch of activist investors on board,
so they're having to do something and they are changing CEOs.
Eld CEO is going you know. Stick to your knitting.

(01:11:13):
That is the clear message to BP International, stick to
your knitting. Been on the hunt for a new CEO,
and usually all of the previous ones have been picked
from within BP's own ranks. The current guy was there
for twenty five years and ended as CEO, so that's
the kind of company that they are, that's the kind

(01:11:34):
of company that they keep. This time, they've gone for
a woman by the name of Meg O'Neill will be
the new head of BP. She's an outsider, so he
hasn't worked there before. She's currently heads Woodside Energy. She's American.
This is a member London based, but their qualification for
her is that she's spent twenty years at x on Mobile.

(01:11:56):
So if you want any indication about the direction in
which BP is now going to suddenly reverse itself, take
look no further than the CV of the new CEO.
Six twelve.

Speaker 1 (01:12:07):
It's the Heather.

Speaker 2 (01:12:08):
Dupascy Allen Drive Full Show podcast on iHeartRadio powered by
Newstalk ZBB News Talk ZB.

Speaker 3 (01:12:15):
It is quarter past six. Alan Jackson is the name
of the lawyer who is going to be representing the
Sun who was accused of killing his parents. This is
the Ryan is over in Hollywood. The director, famous director
found dead in their mansion in Brentwood in La So
get used to that name, because we'll be hearing a
lot from him, and a lot of him, and a

(01:12:36):
lot about him. And I'll tell you a little bit
more in just a second. It's quarter past six.

Speaker 1 (01:12:41):
The Rural Report on Heather Dupassy Allen Drive.

Speaker 3 (01:12:44):
Jamie mckaye is with us from the country. Jamie, good evening,
geta Ryan. Now we've got the Fonterra, you know, downgrading,
lowering the fore cast farm gate milk price for the
second time this season.

Speaker 8 (01:12:57):
Yeah, yeah, like, well, to take you back a wee
bit in time, they started the season off with the
forecast range of eight to eleven dollars. Strangely, I mean,
logic would suggest the midpoints nine fifty, but they went
with a ten dollar midpoint. They've had to subsequently reduce
that to nine fifty, and today they've changed that midpoint

(01:13:19):
from nine fifty to nine dollars, so that range is
now eight point fifty to nine fifty. There's quite a
bit of talk in the industry about maybe the milk
price starting with an eight, which wouldn't be so flash,
but it's not a surprise. This follows yesterday's and we
talked about this one on Tuesday evening Ryan. It follows
yesterday's four point four percent drop on the GDT auction

(01:13:42):
down a whole milk powder down five point seven percent,
the ninth drop in a row since mid August. The
record is ten. It looks like we could well beat
that when the first auction comes back in early January.
Chief executive Miles Hurrell said, strong milk flows and both
New Zealand and globally, particularly out of the United States

(01:14:03):
and Europe, continues to put downward pressure on global commodity prices.
And the other factor that's slightly coming into play is
the stronger New Zealand dollar. It's now training at fifty
eight or US fifty eight cents. It was at fifty
six or fifty seven. But I'm imagining the hedging department
at Fonterra Ryan has probably got a lock a lot

(01:14:25):
of their currency locked in for this season, so that
may even be a next season story. So Bucklin, I
don't think we're over the drops yet. But the good
news is because it was Christmas, and I don't want
to be a grinch.

Speaker 11 (01:14:36):
The good news, Ryan is.

Speaker 8 (01:14:38):
As we look out further, we are expecting this thing
to come back and still very good future for protein.

Speaker 3 (01:14:46):
And you know everyone talks about the break even price, Jamie,
eight dollars fifty. Is that I think the average for farmers,
for dairy farmers, that sounds like it's getting quite close.
Is you know that must be worrying or is there
more to that?

Speaker 11 (01:15:01):
No, I think it's worrying.

Speaker 8 (01:15:02):
It's interesting the eight that's the from the e contractor
tracker at dairy en Z a eight fifty. I know
a lot of dairy farmers, and I know a lot
of them whose cost of production is considerably below eight
dollars fifty. Maybe it's a few of the big players
with high debt that is dragging that average up. But
you're dead right, Like, at a cost of eight to

(01:15:23):
fifty a ten dollars payout, it is a good business
to be If that payout is beginning with an eight
and the cost of production is eight fifty, not so flash.
But there are things that are mitigating this. I mean,
lower interest rates are really going to help farmers in
the coming season or the rest of this season. That
has of course been factored into the eight to fifty.

(01:15:46):
But yeah, watch this space a bit of the shine
coming off dairy prices.

Speaker 11 (01:15:50):
I see.

Speaker 3 (01:15:50):
Nathan garn has got a new role for himself.

Speaker 8 (01:15:53):
Yes, he has the former Minister of Primary Industries under
the well he was under the key and I think
the English government. I'll have to check my do my
homework on that one. Yeah, he is named as the
new Special Agricultural Trade Envoy. We've had some good ones
of these over the years. Mike Petterson for instance, comes
to mind. Nathan guy replaces hamishmah a mid Canterbury arable

(01:16:17):
farmer who's held the role since twenty twenty three. Nathan
will take over on the first of January, which is
only a couple of weeks ago. Look, he's going to
with his background not only in politics treading the corridors
of power, but also in farming. He's a practicing farmer,
he's a horrifanu, a dairy farmer. He's an agribusiness leader.

(01:16:38):
He's the chairman of the Meat Industry Association at the moment.
He's also the independent chair for Appiculture New Zealand. He's
got a finger in a lot of pies. He's very
well connected and he will do a very good job.
Now Minister Maclay has said he wants Nathan to concentrate
with a particular focus on India. Obviously they're looking for
the FTA there and the GCC markets. Now. I don't

(01:17:03):
know about you, Ryan, but I know what a GC is.
I don't know what a GCC market is, but whatever
it is, Nathan's concentrating on it.

Speaker 3 (01:17:13):
You're driving with the GC. Yes, no, quite right. Well
he's he's he's quite adept. He used to. I've been
on a few trade missions with Nathan guy in the
years gone by, Like we went to Brazil, we went
to Argentina, I remember going to Mexico. I mean he
knows his stuff. He'll be out there pushing the business,
doing the good thing for New Zealand. So that's great.

(01:17:33):
Jamie appreciate it. Jamie mcaughy, host of the Country. Tonight,
it is twenty after six on Newstalk, said b show Business.

Speaker 1 (01:17:40):
Crouching the numbers and getting the results.

Speaker 2 (01:17:43):
It's Wayne Bridge on the Business Hour with MAS Motor
Vehicle Insurance.

Speaker 1 (01:17:47):
Your futures in good hands. News Talk z'd be.

Speaker 3 (01:17:51):
Six twenty three. The Rhyana murders over in Hollywood, the
son who is accused of stabbing his parents. You would
have seen this in the news. He's the father was
a Hollywood director, very well known, in fact, directed a
few Good Men, which happens to be you know, the
legal happens to be one of the no the favorite
movie and inspiration for the lawyer who is now going

(01:18:14):
to represent the Sun. And the lawyer's name is Alan Jackson.
And you'll see a lot of them on the news
and then the because it's going to be one of
those cases, isn't it like an OJ case where it's
very well known, it's going to be very well publicized.
So that a lawyer's name is Alan Jackson, and he
wears a sharp suit, and he's sixty years old, and
he's very well put together. His specialty, it was reading

(01:18:37):
about him today fascinating. His specialty is cross examinations. And
he says every single question that he asks is highly
scripted because it's he talks about it like he's building
into a symphony, building into something like a symphony. So
he's going to be very good under with cross examinations
in the courtroom. Now, he represented a whole bunch of

(01:18:58):
famous people, including rv. Weinstein that obviously didn't go real well,
but also Kevin Spacey, and he managed to get Kevin
Spacey off one of the cases that he faced. But
also a woman by the name of Karen Reid, and
this was recent, this was in June. You might have
heard about this case. Not a famous person, but was acquitted,

(01:19:19):
importantly acquitted in June over a case where she was
accused of killing her boyfriend who was also a cop. So,
I mean, get your popcorn out. It's going to be
one of those cases from the US.

Speaker 1 (01:19:30):
There's no business like show business.

Speaker 14 (01:19:33):
The Oscar goes too, and the Oscar goes to, and
the asker goes to, and the Oscar goes to the asker.

Speaker 3 (01:19:42):
Goes to, and the asker goes to YouTube. Yes, the
Oscars are fighting for survival. It's official and in a
bid to stay relevant and go where the audiences are,
the Oscar Ceremony is going to move online to YouTube.
It ends a decades long agreement with the American ABC.
They have shown the Oscars since nineteen seventy six, and

(01:20:04):
the Academy says this is a five year deal with
YouTube doesn't actually start till twenty twenty nine, so they're
obviously not in any rush. Chief executive of the Academy
says they're hoping to reach the largest worldwide audience this way.
We don't know how much the deal with YouTube is worth,
but ABC has been paying one hundred million dollars a year.
What no one watches it anymore? I don't think because

(01:20:28):
of where it is. Just because it's crap, isn't it.
It goes on and on and on, and it's not
that funny anyway. The network has generated roughly one hundred
and forty million dollars annually from ad sales, a portion
of which is shared with the Academy, so they get
a cut in it too. Apparently the Academy wanted more
money for the new contract, which ABC declined, given the
number of people watching has been declining. Viewership peaked in

(01:20:48):
nineteen ninety eight fifty seven million people tuned in. Then
this year, nineteen point seven million people watched the Oscars
twenty six minutes after six on News Talks Big We'll
talk to Sam Dickie and look back at the year
in the markets. Afternoons, Big Shock con be the man me.

Speaker 13 (01:21:11):
Tell me you got something to get I want you
kind of like it when you call me on never
the time of talk it just stop.

Speaker 25 (01:21:22):
Mon I got anoument. This may talk to me, talk
to me, talk to me, so to me, tell me
to me been then he tell me tot to me
been then reading to me, total me been then a

(01:21:46):
reading talk to me. It tolling me been me.

Speaker 2 (01:22:08):
Whether it's macro, micro or just plain economics. It's all
on the business hours with Ryan Bridge and Mass Motor
Vehicle Insurance. Your futures in good hands. News Talks EBB.

Speaker 3 (01:22:25):
Business twenty five away from seven on news Talks. Be
great to have your company tonight. I wish I had
seen this story last week because it happened over the weekend.
This is the great Honda City road trip. He was
driven or seen a Honda City before. Tiny little It's
like a shopping trolley. And my brother used to have
one of these when we were growing up as kids,

(01:22:46):
and him and his mates would literally use it as
a shopping trolley. And I can remember seeing them make
it fly one time and they'd drive it. There was
a stretch of road where you could go up and
there was a bit of a bank and they were
just woon over this thing in the little Honda City
and it would literally get wings and fly, And they
do lots of fun stuff with hond of Cities at

(01:23:08):
the Great hond of City road Trip, including driving them
through rivers. If you've seen one of these cars, you
know how tiny they are. One of those cars that
makes you if you are just even a regular sized person,
it makes you look like you're a giant just by
getting in it, like an adult riding a little kid's tricycle.
That's what you look like in a Honda City. Anyway,
they had this event every year and apparently went very well.

(01:23:31):
People had lots of fun and interestingly, even though they're
a tiny kind of ugby car, when people drive past
in a convoy of hond of Cities they reckon they
take photos quite cool or away from seven. So it's
been a wild ride for global equity markets this year.
We all know that here Donald Trump wasn't even president
on the first of January. Can you believe that despite

(01:23:53):
all the volatility, we're not a whisker off all time
highs now as we end the year, Sam Dickie is
with your funds and is with me tonight, Sam, good evening,
Good evening, Ryan, What are the key lessons do you
reckon that we should take away from this year? Yeah,
roller coaster.

Speaker 26 (01:24:09):
So in the three things, we were reminded again, when
everyone in the market has the same view, it's on
the front page of all the newspapers, it often pays
to disagree and take the other side.

Speaker 3 (01:24:19):
So you mentioned it.

Speaker 26 (01:24:21):
On April eighth, a few days after President Trump's Liberation Day,
economists were very, very vireous, saying the risk of recession
was spiking, and if you read the newspaper, you would
have sold everything that put in time. Headlines were comparing
the looming trade war TOI remember the Smoot Hawley Act
in nineteen thirty, which raised duties on twenty thousand goods
and arguably turned a recession into the Great Depression. As

(01:24:42):
it turned out, Trump's bark was worse than his by,
and global equity markets are up forty percent eight months
since then, which is actually one of the fastest rallies
on record in two hundred years. Second thing is we
were reminded that there are other places to make money
outside of the US, so ring disaster in the next
few days. It's only the third time in fifteen years

(01:25:04):
that non U S equities outperform US equities, So Japan
is up almost twenty five percent as the stock exchange
is forcing investors to be more shareholder friendly, pay more dividends.
Countries like China and the UK have just gotten too
cheap and are up significantly more than the US. And
the final thing is we've learned again that the equity
market is now extremely concentrated in the US. So the

(01:25:26):
top ten stocks in the SMP five hundred, the five
hundred stock index, make up forty percent of the index.
So it's ten stocks out of five hundred making up
forty percent. That is the most concentrated ever and has
really interesting future implications for you know, those those fund
managers that are passive investors or index huggers.

Speaker 3 (01:25:47):
Sam, can you give us a sneak peek into twenty
twenty six?

Speaker 26 (01:25:51):
So we talked you and I ran and you and
Heather and I back in October about the risks of
the AI bubble popping. Now they're really good news is
we've had a really healthy correction and some of those
perceived AI winners, especially at the risky a end of town,
so companies that were using tons of debt to fund
this AI cap ex bonanza are down to lots of

(01:26:13):
oracles down fifty percent, core weaves down sixty five percent.
So the point there is it's good news that investors
are becoming more discerning. So with that in mind, as
we sort of peak into twenty twenty six, the market
is shifted from buy AI at any price to show
me the return, show me the return on the massive
amounts of capital you're investing. So it's going to be

(01:26:34):
fascinating to watch whether those huge spenders like Google have
gotten that message yet from the market. Now, if we
take a step back, the headline price to earnings ratio,
that the bluntest sort of valuation ratio for the market
and the US is really really high, extremely high historically.
So equity markets look expensive on the face of it,

(01:26:54):
but that's really reflective of what we talked about four rhine.
Some of those top ten companies, these are really fully valued.
So companies like Tesla on two hundred and fifty times
price to earnings look pretty ritzy. So the good news
is that blue chip companies, quality companies are the most
out of favor in thirty years, and that's boats really
well for focused investors and spells risk for passive index

(01:27:17):
hugging investors, so lots to look forward to.

Speaker 3 (01:27:20):
Absolutely, Sam appreciate that update. Thank you, Sam Dicky from
Fisher Funds. You're on News Talks B. It is twenty
to seven. We'll go to Indebrady out of the UK next.

Speaker 2 (01:27:28):
Everything from SMEs to the big corporates, the business hours
with Ryan Bridge and Mass Motor Vehicle Insurance.

Speaker 1 (01:27:36):
Your futures in good hands. News talks 'B.

Speaker 3 (01:27:40):
On News TALKSB will break down the foreign buyer band
in just a second, while the one that's been lifted,
that's not only been partially lifted. But I tell you
what I can't wait for because I was looking this
week to go to a movie on Tuesday night, because
that's your cheap night. You see nothing on and well,
I suppose I've got Avatar that's come out now. But
what you will be waiting for, and I know how
excited you'll be about this is a movie about Millennia

(01:28:03):
Trump a documentary about Millennia. First trailer dropped this morning.
It's all dramatic music and high heels follows her in
the twenty days and the lead up to the inauguration
This year, and the best bit is at the very
end of the trailers. It's all dramatic and quick cutting shots,
and then it's Trump on the phone to Millania. She's

(01:28:24):
answering the.

Speaker 21 (01:28:24):
Call, Hi, mister President, Congratulations.

Speaker 6 (01:28:28):
Did you watch it?

Speaker 1 (01:28:29):
I did not.

Speaker 21 (01:28:30):
Yeah, I will see it on the news.

Speaker 3 (01:28:34):
Did you watch my speech?

Speaker 18 (01:28:35):
No?

Speaker 3 (01:28:35):
I know I was busy, but I was busy filming.

Speaker 11 (01:28:38):
Mate.

Speaker 3 (01:28:38):
I will see it on the news later. She's just
gone sixteen minutes away from seven, and we're going to
end Brady in the UK and a very special day
for Enda and the happy birthday. I understand it's your fiftieth.

Speaker 10 (01:28:59):
Today, Hey, Ryan, thank you so much.

Speaker 11 (01:29:02):
Yeah it is.

Speaker 18 (01:29:02):
It is.

Speaker 10 (01:29:03):
Don't feel any different yesterday, to be honest. But look,
I've had gray hair since I was seventeen, so I
think it kind of suits me now.

Speaker 3 (01:29:11):
Really seventeen. Is it a genetic thing?

Speaker 11 (01:29:15):
Yeah, yeah, exactly.

Speaker 10 (01:29:16):
My mother and my father both went gray early. But no,
I just feel really blessed and happy in life. My
daughter's home from university in France, and hopefully we're going
to have a good day when I get back from work.

Speaker 3 (01:29:26):
Do you celebrate because Lord told me you're a marathon runner,
you celebrate by doing an extremely long orgonizing run.

Speaker 10 (01:29:34):
I've been out already. Yeah, I went out with five am.
I didn't go very far. Look, it's just beautiful to
be able to do these things and there was a
time when I couldn't and now I can.

Speaker 3 (01:29:43):
So I love it. Brilliant. Now let's go to the news.
Boys aged as young as a live and could be
sent to anti misogyny courses in schools. What's this about?

Speaker 10 (01:29:54):
Big announcement from government later today. There's a serious issue.
I don't know if it's the same in New Zealand,
but young boys in particular are very heavily influenced by
this man called Andrew Tait, this online influencer, and people feel, adults, teachers,
government feel that he is not in any way a

(01:30:15):
positive influence or role model on young men. We're seeing
incidents in school, We're seeing a lot of misogyny, We're
seeing a lot of violence against girls and women, and
while nobody is saying it's directly connected to anyone in
the online sphere, the government is very very concerned about it.

Speaker 11 (01:30:32):
Now.

Speaker 10 (01:30:32):
Earlier this year, one of the most shocking films of
the year came out here adolescence and focused on a
very young boy accused and convicted of a grotesque crime
against a classmate of female classmate.

Speaker 3 (01:30:45):
That shocked people.

Speaker 10 (01:30:46):
I think it really started a conversation in with parents,
in schools, in government about just the kind of stuff
young people are being exposed to online. So what the
government is going to do? Any boy, even as young
as eleven, who just any signs of misogyny in school
or behavioral issues towards girls will be forced to go

(01:31:06):
to these classes. Now what may well be with a
teacher or an external provider, but it's coming next year.

Speaker 3 (01:31:13):
Wow.

Speaker 10 (01:31:13):
I wonder what parents will think that. Well, do you
know what, that's a very very good question, right. I
think all right minded parents will agree, and I think
what we will see is, and I guarantee you the
main culprits will be very aggressive women down at the
school gates saying how dare you accuse my little Johnny
of being a misogynist? He's lovely at home and that's

(01:31:34):
where the problem lies.

Speaker 3 (01:31:37):
Right. The UK police are going to make a major
policy change. This is after the bondaye Tira attacks.

Speaker 10 (01:31:44):
Yes, so every other weekend in London we have pro
Palestine marches, and they are well attended and overwhelmingly peaceful. However,
in recent weeks a phrase has been chanted, globalize the Intifada.
That phrase has been used. Now the Jewish community are
deeply upset and hurting off the back of Bandai, and
they feel that that phrase is effectively a threat, a

(01:32:07):
call to violence against Jewish people around the globe, and
they're deeply, deeply worried about it. So the Metropolitan Police
have come out today and said that anyone now chanting
that phrase or saying it at these globalize the Interfather,
say it and you'll end up on the polisa Wow.

Speaker 3 (01:32:26):
Okay, what about Stama and his message to Russian Olga,
well to one in particular.

Speaker 11 (01:32:33):
Yes.

Speaker 10 (01:32:33):
So this is the guy who used to own Chelsea
Football Club in the English Premier League. In the soccer
Roman Abramovich is his name. He's no longer in the UK.
He was one of the wealthiest people we've ever seen here.
He steamrolled into England about twenty years ago bought the
soccer club. They hadn't won anything for years Chelsea. He
pumped in crazy money. They went on a spending spree

(01:32:54):
for players and they ended up winning the English Premier
League several times. Jossein Mourinho's the manager and Chelsea could
not be stopped. Now then the war in Ukraine happened
almost four years ago, and at that point then the
government forced the sale of Chelsea Football Club because Abramovitch
was linked to the Kremlin, so he left the UK

(01:33:15):
Five billion dollars was the proceeds of the sale of
that soccer club, which he promised after pressure from government,
would be split between what he wanted to be the
victims of the war in Ukraine, meaning that some of
it would go to Russians as well. So the government
has had enough, the money's frozen, big legal battle and
Keir Starmer has come out and said times up have
had enough, handover the money we wanted now and it's

(01:33:38):
all going to Ukraine in that.

Speaker 3 (01:33:40):
Heavy birthday again and thanks for being with us tonight.
In the Brady a UK correspondent, it is eleven minutes
away from seven. IK is having a couple of problems.
Apparently this is after victim of its own success, so
it's shutting down its customer support center from tomorrow for
the rest of the Whigs. So I presumably that means
they have been open on the weekend. They're not going

(01:34:01):
to be open on the weekend because they have outstanding orders,
they've got delays, and there's apparently some payment issues as well.
This is from rn Z this afternoon, so they had
twenty nine pickup points nationwide, so naturally everyone wants to
order on there and go and pick up their stuff
and do it all online. There's a guy apparently going
to wait six weeks for a desk. That's how long

(01:34:23):
the delays are. This is stuff that's in country. They
just haven't figured out how to get it out there,
so that will probably cause further delays. I would imagine
if they're shutting the disk down to deal with the backlog.
It's eleven away from seven News Talk ZIBB.

Speaker 2 (01:34:38):
It's the Heather too for see Allen Drive Full Show
podcast on iHeartRadio powered by News Talk ZBB.

Speaker 3 (01:34:46):
News Talk zib It is eight minutes away from seven.

Speaker 11 (01:34:49):
Yeah.

Speaker 3 (01:34:50):
Loads of people texting in about Inde Brady's piece there
on Adolescence, the TV show which is on Netflix about
the Young Boy, and now in the UK they are
instituting these misogyny classes if your kid comes into class,
even if you're an eleven year old. Your kid comes
in and says something about a girl or a woman
that might be considered sexist by a teacher, they can

(01:35:12):
send them to a compulsory misogyny class. I mean, what
happened to just telling them off?

Speaker 11 (01:35:20):
You know, I don't know.

Speaker 3 (01:35:21):
Maybe the problem is bigger than that it's not working.
But the text, the tenor of the texts is that
this was fictional, this program adolescence, it wasn't you know.
But then you know, aren't imitating life and life maybe
being a little bit more misogynistic in the classroom. Yeah, anyway,
it is seven, but they're not doing it here. They're

(01:35:43):
doing it in the UK seven minutes away from seven
o'clock now. And just before we go, we spoke last
week about the foreign buyer ban being lifted, and well,
it's not. It's only you will get a be able
to buy a house if you're really rich New Zealand,
if you have the Golden visa. And what's interesting about

(01:36:05):
the Golden visa is that it's and your ability to
use that visa to buy house that won't come into
effect until probably early maybe mid next year, So you're
still waiting on a little there's still a bit of
water to go under the bridge. Yet it's still going
to get the royal assent this bill. But people are
already putting offers in with clauses, so subject to me

(01:36:28):
getting the visa, conditional offers on really expensive fancy houses
worth more than five million dollars are already deals are
already being done on condition of this actually becoming law.
And so the real estay agents are saying, well, the
whole thing should have been done a whole lot quicker.
But that's just I mean, this is past last Friday,
and that's just how long laws take to pass in

(01:36:49):
New Zealand, isn't it. You've got to go to the
Governor General. Now it is Thursday, and I know that
it's a little early to be finishing the week, but
I am finishing my week and finishing my year, and
I just wanted to say thank you very much for
having me Heather. We'll be on Breakfast tomorrow Andrew will
be with you here on Drive tomorrow afternoon. I wish
you all a very merry Christmas, a happy new Year.

(01:37:11):
Thank you to Laura and to Antser for being such
great stewards of this program. While I've been here and
had the privilege of being with you in the afternoon.
Really appreciate it. I'll be back from January. Who even
cares sometime next year. Enjoy your Christmas, enjoy your New
Year's everyone. What are we going out to?

Speaker 11 (01:37:30):
Right?

Speaker 17 (01:37:30):
Very nice, Ryan, thank you. Always a pleasure. Never ature
wolves by Marsh Mellow and Selena Gomez to play us
out tonight because Selena Gomess is in the news, not
Marsh Mellow. So she's been doing one of those live
streams where she just jumps on the Instagram and people
kind of just ask questions and she answers them, you know,
like the former Prime Minister Jacinda Radun used to do
quite often back in the day. But yeah, so she

(01:37:53):
got some interesting questions that she was happy to front
up about. One about her mustache. Soone asks, how do
you shave your mustache? She says, well, I've got malasma,
you guys. Actually it's from the sun apparently, so you
have to obviously, she says, you have to wear sunscreen
and be be careful. But it's not a mustache. It's
my malasma. I take care of and treat it. But yeah,
it's there. That's me so I guess we have to slip,

(01:38:15):
slop and slap, or else you might get something that
sort of makes you look like you've got a mustache.
That's what we can learn from that one.

Speaker 3 (01:38:19):
And who wants one of those? All right, that's a
weird answer, isn't it?

Speaker 11 (01:38:24):
From here?

Speaker 3 (01:38:24):
Well, to be fair the truth.

Speaker 17 (01:38:27):
Often the former Prime Minister when she did those life
was accused by people in the media, some of them
at the station of avoiding difficult questions. You can't say
that about Selena taking the difficult questions head on in
that one.

Speaker 3 (01:38:37):
Good Thank you everybody. Great to be with you, Enjoy
your holidays and see you next year. Talk to take

(01:39:02):
I'm not my love and be sad to just talk
to ballacies. He hain't got up with you.

Speaker 1 (01:39:08):
Yeah, I've been.

Speaker 3 (01:39:10):
Ready to throw the jungle loved they crying with the
wall turget to.

Speaker 1 (01:39:14):
You, sook it to.

Speaker 6 (01:39:18):
Get funny, brought the.

Speaker 16 (01:39:34):
Jungle lobby running with the wolves, get too cue, talk
it to you.

Speaker 25 (01:39:41):
I'll be it down. The dark is allis of the
duck side up the mon t get too ch so
be too. I'm not my love and be ready to
talk to abcies.

Speaker 12 (01:39:52):
He ain got up with you. Yeah see you.

Speaker 13 (01:39:56):
I'll be ready to do the jungle, love me crying
with the whole.

Speaker 25 (01:40:00):
So get to Joe, do, Get to Joe to get you.

Speaker 2 (01:40:07):
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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