July 16, 2024 • 34 mins
On the Early Edition with Ryan Bridge Full Show Podcast for Wednesday 17th of July, the Consumer Price Index is out - most banks are predicting a drop, but what does it mean for you? Ryan finds out.
New expectations for our drug buying agency Pharmac, what do patient advocates think of David Seymour's letter?
Speed camera warning signs are being put up across the country - are we going to see a reduction in the number of fines issued?
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Speaker 1 (00:01):
The issues, the interviews and the inside. Ryan Bridge new
for twenty twenty four on the early edition with Smith City,
New Zealand's furniture beds and a play at store.
Speaker 2 (00:14):
News Talk said, be good morning, it is six half
to five year on, news Talk said, b I'm Ryan Bridge.
Welcome to your Wednesday Trade's. If you're on your way
to work, stay tuned. I've got a question for you
in a few seconds, and I really would like your
answers to it. I mean normally when I ask questions,
I do want your answers to it. I'm not just
(00:35):
saying that right this morning, we have some new news
for you. The government has released its emissions reduction plan,
so I'm just basically going to run through some bullet
points with you in a second what it actually means.
One of the big things they're looking at is planting
more trees. And remember they promised to plant a billion trees.
Remember that was Shane Jones Ittel. I checked this morning.
(00:58):
They've got a tracker and they can tell you how
many trees I've planted so far, six hundred and twenty
seven million, so not too bad actually, but they want
to plant seventeen thousand hectares of natives and exotics and
that's going to save our planet from burning. Apparently, we'll
have more on that shortly the tradees. I'll get to
you in a second with the question. Also will have
(01:19):
the inflation prediction from an z just before six this morning.
Right now it's seven after five the agenda and it's Wednesday,
seventeenth of July. That new projection of the government's climate
targets has been released at five this morning, revealing New
Zealand will likely miss its third emissions budget from twenty
(01:41):
thirty one to twenty thirty five, overshooting by seventeen million tons.
Estimates release last year showed the country on course to
hit all of its targets for all of its budgets,
which paved the way to net zero by twenty fifty. However,
the new government has since beenned many labor error policies,
including efforts to decarbonize heavy industry and subsidize clean cars.
(02:03):
Will have more on this in a second. The bullet
points plus Michael speak to the minister. At six thirty
five this morning, Former Green MP Darling Tana says she
was about to allow the release of a month's long
investigation to migrate exploitation allegations against her before it was
partially leaked. She's resigned as a Green member, but not
from parliament. She told Run News she'd give her approval
(02:25):
to release the report, but says it now feels redundant. Well,
I was about to give my approval to let it
go and then the report was linked leaked. Gosh, just
go away. Tanna says if she hasn't decided whether she'll
resign from parliament by Sunday, she'll likely be back sitting
on Tuesday. The number of house fires is up. AMI
(02:48):
Insurance data shows between summer and winter last year, there
was a twenty percent jump in fires from the year before.
The most common cause was unattended stovetops or ovens, followed
by clogged chimneys. AMI claims exit kit of General manager
Wayne Tippetts says it's important to take every preventative step possible.
Speaker 3 (03:05):
One of the other important things for people to really
think about is getting out of harm's way.
Speaker 4 (03:09):
That's what Fire Brigade.
Speaker 5 (03:11):
Is there for.
Speaker 1 (03:12):
The news you need this morning and the in depth
analysis early edition with Ryan Bridge and Smith City New
Zealand's furniture beds and a plan store.
Speaker 2 (03:21):
News Talk said they just gone nine after five. So
this is James Shaw's baby. This is the baby that
he birthed that we're now having to that the current
government is now having to update us on. It's the
emissions reduction Plan, so they have to release a plan
for how they're going to meet the emission's targets to
get to net zero by twenty fifty and at five
(03:43):
o'clock this morning they have released their first one and
it basically shows that we're not going to meet the
all of the targets that we were on track to meet.
We're going to overshoot by seventeen million tons of emissions
for the twenty thirty one to twenty thirty five budget.
That's the third budget. We're still on track to meet
(04:05):
the first two, and this budget actually only applies to
the second one, so by that measure, we're actually probably
doing okay, and there's still time to save the third one, presumably.
So they're basically relying that they've announced a whole bunch
of things already, like ten thousand more ev charges by
twenty thirty. We know about that. There's the city rail link,
(04:26):
we know about that, the carbon Catcher investigation. We know
about that. The news stuff is planting trees, which doesn't
actually sound that new given that remember we were planting
a billion trees anyway, and we're up to about six
hundred odd million anyway. They want to plant seven and
a half thousand hectares of native trees from twenty twenty
(04:46):
eight and ten thousand hectares of exotic trees from twenty
twenty seven, and they want the help of private investment
to plant trees on crown land. Now this is crown
land which isn't valuable, say for farming or for conservation,
so we'll have to wait and see how that goes down.
There are no policy commitments or plans when it comes
(05:07):
to the ETS. This is according to news Talk zb's
newsroom and the ETS they are relying heavily on to
get through these budgets. So we'll have more reaction to
that throughout the program. But also with the Minister at
six thirty five with Mike Costing this morning, now very
quickly insulation. The Minister is looking at a urgent investigation
(05:29):
into our insulation standards in New Zealand. I've got a
question for you, if you're a builder if you're a trader,
if you're an insulation expert, please text me nine two
nine two this morning and let me know. Are our
requirements to insulate new homes too stringent? The Minister reckons
they are. This is Chris Penk. He says that the
(05:51):
requirements for a full bedroom house would add about forty
to fifty thousand dollars to the cost of a new home,
and often they are overheating homes, so they're leading to
overheating issues and basically they are too cumbersome and over
the top and he wants them pulled back. The Ministry
reckons that the cost increase is only two point eight percent.
(06:16):
So who's right? Does it cost that much to insulate
a house to keep up with these standards and is
it causing? Are they causing overheating issues? Nine two ninety
two is the numbered text. We'll be back talking farmac
in just a second.
Speaker 1 (06:31):
Get ahead of the headlines. Ryan Bridge you for twenty
twenty four on early edition with Smith City, New Zealand's
furniture Beds and a player store News Talks'd be.
Speaker 2 (06:41):
Just got a quarter past five. The Associate Health Minister
David Seymour has released his Letter of Expectations for FARMAC
Following a significant funding boost, the drug buying agency has
been told it needs to deliver improved health outcomes underpinned
by robust data and evidence. Seymour has also told FARMAC
to hold the embedding of tententity or white hanging and
(07:02):
its decision making.
Speaker 6 (07:04):
If at different New Zealands differently based on whether or
not they had an ancestor who was LURI, then we
want nothing to do with it.
Speaker 2 (07:11):
Malcolm R. Holland is the chair of the Patient Voice
out Set our group and joins me. Now, Malcolm, welcome
to the program. First of all, this treaty exclusion does
that bother you?
Speaker 4 (07:21):
No, it doesn't. There was never any evidence that by
having treaty provisions within pharmac's decision making process that led
to MARDI access in more medicines. It was very unclear
as to how it was being used, so it made
from our perspective, no material difference.
Speaker 2 (07:39):
Apart from that, what is new in this What gives
you hope that this is going to lead to actual change?
Speaker 4 (07:46):
It is a number of things, probably in particular is
around looking at pharmic statutory objectives. So whether or not
they need to retain reference to PHARMAC having a mylefic
process if you like, on cost containment, looking at the
Health Technology Assessment process in for FARMAIC to consider some
(08:10):
of the savings that can occur within the health system
and to the wider taxpayer as they found a particular medicine,
and also looking at the separation of roles between FARMI
is a procurement agency as well as the Health Technology
Assessment agency as well.
Speaker 2 (08:25):
Okay, so there's stuff in there that gives you a
bit of hope. How do you think FARMAC will respond
to this? Do you think that they're up to the job.
Speaker 4 (08:34):
Well, it was interesting being there yesterday. Certainly, the conversations
that we had with FARMA staff, they seemed overall positive.
You know, I believe there was a bit of reluctance
around the TI aspect of the leader of expectations, but
overall I think they know that change is happening and
that it needs to happen.
Speaker 2 (08:52):
Malcolm R. Holland's Patient Advocate, thank you very much for
your time this morning, Chair of Patient Voice out at Eye.
It's just gone seventeen minutes after fire clock. Very quickly,
I'll update you on Thomas crooks. This is the guy
who was shot by a local police after firing at
US former US President Donald Trump. They've outlined the forty
(09:13):
eight hours before the shooting happened, he went to a
home depot, he bought a five foot ladder, he went
to a gun store, he got fifty rounds of AMMO,
and then he drove his Shondai Sonata up an hour
north to Trump's rally. However, we are now for more
than two days, three days even after the shooting, and
they still have no idea what his motive was. They've
(09:37):
gone through his phone, they've gone through his computer, they've
gone through his search history and his bedroom. They've spoken
to his friends, and there is nothing, according to law
enforcement sources. It's told CNN this morning, nothing that indicates
why he did it.
Speaker 1 (09:50):
Back in a second on your radio and online on
iHeartRadio early edition with Ryan Bridge and Smith City, New
Zealand's footge Beds and a plying store.
Speaker 2 (10:01):
News Talk said, be just gone five, just gone five
twenty and the Minister, the building Minister is looking at
an investigation into whether our insulation standards are too stringent.
Lots of you getting in touch this morning on this one.
A lot of you saying here is correct. We manufacture
our aluminium joinery. This is from Nick. Under the new
(10:22):
H one rules, the joinery specification costs fifty percent more.
And that's before you take into account the additional insulation
that you need, the thicker insulation and the fact you
have to change the roof design to fit all of
this extra stuff. In Nick reckons it would add ten
percent to the cost of a four bedroom house a
(10:44):
new build, which is massive. More texts on that in
the second just gone twenty one after five right road
safety warning signs for fixed speed cameras are set to
be rolled out across the country. The government hopes the
move will allow key where's the opportunity to check their
speed in high crash areas to avoid tickets and accidents.
The rollout will take place as n ZTA takes over
(11:06):
managing speed cameras from police. The warning signs are already
going up and the AA Road Safety spokesperson Dylan Thompson
is with me now, Dylan, good morning. Do these signs work?
Do we? Presumably they do. We slow down when we
see them.
Speaker 6 (11:20):
Good morning, Ryan. We expect to see a big reduction
in tickets at these sites when the signs are rolled out,
which means obviously that we have less people exceeding the
speed limit at those high risk locations. So in our view,
this is a really good thing and has been a
long time coming. We're really pleased to see these signs
finally happening.
Speaker 2 (11:41):
Okay, but that's assuming that all of the cameras are
in high risk locations. And it used to bug me
going to Wellington driving down not on a gorge and
you know you're going downhill, so everyone speeds a little bit,
But is it a higher crash area? Are the cameras
and high crash areas they.
Speaker 6 (11:59):
Go through A pro is to establish where the cameras
are going to go, and in the past has been
involved with that, so they definitely have looked to find
either locations with a history of crashes involving speed or
areas where there's a lot of people traveling at the
speed limit. No longer Gorge, I know it very well.
(12:22):
I think one of the things people forget there is
at more peak times, especially when you're coming downhill, there
can be tailbacks of traffic that come and and a
fuel going down there faster than eighty and it's a
bit wet or something like that, and you come around
the bend and there's suddenly a line of cars stopped
in front of you. There is a lot of risk there.
(12:45):
But hopefully the signs when they go up are going
to help people going down now along the gorge to
remind them that there's a camera there, check their speed,
slow down, get a lot of the risk.
Speaker 2 (12:54):
Doll then't how far are the cameras from the signs?
In other words, how long do you have to slow
down to slow down of your Not that I'm saying
you should speed or that people do.
Speaker 6 (13:03):
But it's going to vary a little bit depending on
the environment, you know, so they'll have to adjust the
signs depending on roads and intersections and what's around. But
we're probably looking somewhere around two hundred meters either side
as a ballpark figure. And I think just one other
thing that's really important is because I hear people talk
(13:25):
about our drivers will just drive above the speed limit.
They see one of these signs, they're not slow down,
and then speed up again. There is definitely a certain
group of people who just try to drive as fast
as they can above the speed limit. I would say
those drivers already have a pretty good idea where the
cameras are. What these are going to help us the
(13:47):
large bulk of people who aren't trying to break the
speed limit. They're good drivers, they're trying to follow the rules.
Maybe they're just a bit distracted, Maybe they just have
let their speed creep up. And it gives those people
chance to just a little financial One sent reminder to
take a look this campray coming out, check the speed
slowly and if you need to.
Speaker 2 (14:06):
Dylan Thompson, thanks so much for your time, the AA
Road Safety spokesperson on the rollout of signs warning us
of speed cameras coming up. Next, it is Clark and
Brash v Luxen. Why Luxon is right and Clark and
Brash are wrong?
Speaker 1 (14:24):
Separating the fact from the section Kid's Billy Edition with
Smith City, New Zealand's Furniture Beds and Appliant Store News.
Speaker 2 (14:32):
Dog ZBB twenty six, half to five. I'm not a
huge fan of former pms sticking their ore into the
water of current political debates. Not only are their thoughts
they tend to be rooted in briefings that were given
by officials years ago, back in their heyday, but when
attacking a sitting prime minister. They also tend to sound
(14:52):
a bit wingy and out of touch. This is the
case of Helen Clark and Don Brash, who issued a
statement condemning Chris Luxon for comments he made to The
Financial Times at NATO. Luxon said a couple of things,
and I'll run you through it. One, we need to
call out China more for spying. Two he wants to
sign a deal that would see US able to deploy
military assets to the Philippines. And you'll know the Philippines
(15:14):
has long running and regular disputes with Beijing and the
South China Sea. Three he's keen on our military joining
the US and Australia and conducting joint military exercises inside
the Philippines. Easy. Four he spoke about New Zealand being
a quote force multiplier for Australia, the US and other partners.
(15:36):
Now Clark and Brash are tutting this, which comes off
the back of the Orchest debate and wades into another
long running one. And this is the thirty eight billion
dollar debate. That's what two way trade between China and
New Zealand is worth. Remember it was Clark and then
Foreign Minister Phil Goff, who signed the FDA that got
us there, and they reckon that this tough talk from
(15:59):
luxin this so called cozying up to the US is
undermining our independent foreign policy, whatever that means now, and
could lead to us being punished by China at the port. China,
they reckon, is no bigger Aspire threat to US than
other countries. Here's the thing, though, Luxon hasn't actually changed
much in the way of foreign policy yet. Plus the
(16:20):
full Financial Times article also quotes him saying we're pursuing
a balanced strategy with China on trade, renewable energy and
people to people ties. What's more, the current PM is
getting more up to date briefings on China's cyber threat
than Clark or Brash. And when it comes down to it,
most of us would agree that we'd side with America
(16:42):
and Australia esl if war returned to the Pacific theater,
wouldn't we? Isn't Luxon just laying out and saying what's
realistically bound to happen, and saying all of that, Australia
the hard way that poking the bear and what it
can do to your exports, So it's an air in
which we should tread carefully, but perhaps some are now
(17:04):
better placed than others to walk that tightrope. We're going
to talk about this in the next half hour on
the program. Also more on the government's emissions reduction plan
which has been released this morning, and lots of your
feedback on our insulation standards with this new investigation underway.
Speaker 7 (17:23):
News is Next, News and Views You Trust.
Speaker 1 (17:38):
To start your day's early edition with Ryan Bridge and
Smith City, New Zealand's Furniture Beds and a flying store.
Speaker 2 (17:45):
News Talk said yes.
Speaker 7 (17:54):
The first time.
Speaker 2 (17:56):
Good morning, Welcome to Wednesday. We're just joining early edition.
It's to have you with me this morning. A quick
update on our story we followed yesterday with Minister Mark
Mitchell Police Minister. This police pay deal numbers out last
night for One News showed that in the last year
more than three hundred KIWI cops applied to work in
the state of Queensland alone. So when you've got those
(18:20):
numbers applying in the last year plus a sour taste
after the deal that they that arbitration got them yesterday,
big hard pressed to think that a few more wouldn't
want to jump the ditch. Remember this is on the police.
Minister has put the goal of five hundred extra police
(18:41):
by twenty twenty five. That's next year, and we've got
some leaving to cross the ditch. You've also got attrition.
I'm wondering whether they should push that out a little bit,
the target or the number either or to save themselves
a bit of embarrassment coome election time in twenty twenty six.
Coming up shortly, I'll tell you about the man on
(19:02):
the Moon and the fact that we have apparently found
the first cave on the surface of the moon. Would
you actually want to go and live there? It's called
a lunar pit. Apparently it's a survivable place on the Moon,
on the surface of the moon. Where are you moving to? Oh,
a lunar pit? No, thank you, but I'll tell you
why in just a few seconds.
Speaker 1 (19:23):
Play light and bread rich.
Speaker 2 (19:25):
First, we're going to Dunedin with Emily Ansel. Emily new
research highlighting the mental toll of vaping.
Speaker 8 (19:32):
Yes, it's highlighting that mental toll you mentioned. It's taking
on young people and a targer university report published in
the International Drug and Alcohol Review looks into the vaping
experiences of twenty two sixteen to twenty year olds. It
found the habit dominates their thoughts throughout the day, especially
at school where many would make excuses to leave class
(19:52):
in vape. A Targer University Public health professor Janet Hooks
says lots of them became irritable and angry if they
to delay vaping. She says it goes from vaping with
their peers to getting their own device, leading to addiction,
which all happens very quickly.
Speaker 2 (20:08):
In this May. How's the weather today?
Speaker 8 (20:10):
Low cloud and fog breaking to fine towards midday, cloud
increasing this evening light winds with a high of eleven
Thanks Emily.
Speaker 2 (20:16):
Claire Sherwood is in christ Church this morning and they
want a new bridge and new brys and Claire they do.
Speaker 9 (20:23):
Indeed, Ryan and the christ Church East MP is calling
on the government to come to the table to help
with that. The Pages Road bridge is a critical link
to the community and was really badly damaged in the earthquake.
It's only ever had a temporary repair since then. The
council has budgeted sixty three million dollars towards a replacement,
but government funds are needed in order to make that
(20:44):
a reality now. The MP out there, Reuben Davidson, has
started a petition calling for the Transport Minister to financially commit.
He says the government's ignoring the east of christ Church,
which currently risks being cut off in an emergency.
Speaker 2 (20:58):
How's the weather looking today? Clear, low cloud.
Speaker 9 (21:01):
And fog this morning breaking for a time this afternoon
light wins with afternoon easterlies. The high is ten and
five overnightsrill.
Speaker 2 (21:08):
Thank you, Max toll is in Wellington X. Kiw doing
quite well in the region.
Speaker 10 (21:13):
Yeah.
Speaker 5 (21:14):
Earlier this year one hundred kiwi were flown from Waikatle
and reintroduced to the hills of Wellington west of the city,
beyond Korori Pest free Upper Hut now saying they've confirmed
kiwi roaming north of the city. A male and female
captured using surreptitiously planted audio recorders. It's unknown how long
they've been in the huts, but you've got a few
(21:36):
locals claiming they've been hearing them for a few years,
specifically around Whiteman's Valley, which is east of the hut,
heads down towards way Uyomata. Likely they've come all the
way down from the Demuttaka ranges. The important thing now
getting pest trapping, keeping up with efforts, making sure dog
owners get the message, keep them on a lead as well.
Speaker 2 (21:55):
Yeah, have you ever seen one in the wild?
Speaker 5 (21:57):
Not in the wild?
Speaker 2 (21:58):
No, not that lucky, No, neither of I. How's the
weather today?
Speaker 6 (22:01):
Max?
Speaker 5 (22:02):
Cloudy with the scattered rain fourteen the high central.
Speaker 2 (22:05):
Thank you and never Letimno was with us in Auckland
this morning. You're at morning. You're a better sleep expert,
are you? I? I haven't.
Speaker 3 (22:13):
I've got from news reader to better sleep expert. This
would be really weird for us since we're early morning people.
But apparently it's sort a brief break in your evening
sit down could provide a major payoff. So this is
an Otaga University study, so it's compared participants who set
for prolonged periods to those who complete three minute activity
(22:33):
breaks every half hour. So what they want is they're
saying that those who completed this in the evening before
they went to bed sleep for thirty minutes longer than
other people. So saying, you know, if you do squats
at night just before you jump into bed, or you know,
any nighttime activity like a walk around the house in
the evening, climbing the stairs, a living room dance. So
(22:56):
maybe if we do that Ryan, you know, and then
you go to sleep, you know, then you'll sleep for longer.
You'll sleep for longer.
Speaker 2 (23:01):
I was immediately thinking of another nighttime activity that takes
about three minutes.
Speaker 3 (23:07):
Were you're terrible, You're terrible?
Speaker 2 (23:09):
Burial? Does that work?
Speaker 3 (23:12):
Well? I'm not sure what I was thinking, because we
get up early. I mean, I was asleep last night.
I was saying, to produce a leo. I was asleep
at about six pem. I thought, I don't have time
to do star jumps anyway. What can I say about
your comment?
Speaker 2 (23:27):
Weather? Yes, weather areas.
Speaker 3 (23:29):
Look, hey, another some more fog today?
Speaker 2 (23:32):
For all I saw that it just doesn't go away?
Does that what?
Speaker 3 (23:35):
Eriie?
Speaker 2 (23:35):
Doesn't it?
Speaker 3 (23:36):
Fifteen's the high though.
Speaker 2 (23:37):
Bit of rain. There you go, Thank you very much.
We'll all get a good night's sleep tonight, won't we.
It's eighteen away from six, sixteen minutes away from six.
You're on news talk, said b. Since nineteen eighteen, Smith
City has served communities throughout New Zealand with quality furniture, beds,
and home appliances and great deals Over one hundred years later,
(23:58):
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Speaker 1 (24:51):
Nzet International correspondence with ze Eye Insurance Peace of Mind
for New Zealand business.
Speaker 2 (25:00):
Light to Gevin Gray are europe correspondent this morning, given
good morning, we seem to be having a problem getting
given on. We are going to talk Togevin in just
a few moments about some Indian farm laborers who have
been freed from quote slave like conditions. And we're not
quite sure exactly what those conditions are, but we can
(25:23):
join Geven now for the latest. Kevin, good morning, right,
what exactly are they talking about slave like conditions?
Speaker 10 (25:30):
Well, because they were working ten to twelve hours a day,
seven days a week. They were housed in a really
rundown apartment said to be extremely unhygienic, and were paid
at roughly six New Zealand dollars per hour. And the
problem for many of these Indian farm laborers is that
when they arrived in Italy having been promised work visas,
(25:51):
their passports were taken off them. They were not given
any documentation and many arrived in debt and yes you guessed,
they weren't ever earning an to pay off the debt
and the interest. And that is why two men, also
Indian nationals, have been arrested. When they were arrested Ryan,
they had over three quarters of a million Ossie dollars
(26:11):
in cash on them. It's big, big money, and these
I'm afraid these gangs operate in These slave conditions are
pretty common both Italian and migrants in Italy, and I'm
afraid they're often representing many thousands of people in fields, vineyards,
greenhouses across the country. Indeed, just last month, an Indian
(26:31):
fruit picker died after his arm was seven in a
workplace accident. Instead of taking into the hospital, he was
just left by the side of the road where he died.
So as you can imagine some pretty awful scenes about
how they're treated and the group these thirty three workers
are now being looked after by social services and those
(26:52):
with migrants support.
Speaker 2 (26:53):
God, that's terrible. Let's go to Dublin. What's happening with
this protest?
Speaker 10 (26:58):
Well, I'm afraid back to these situation of asylum seekers
and migration here because as you know, Ireland prides itself
on an open door, welcome to migrants. Well, it's suddenly
been inundated with welcome, open door for migrants, I think
partially possibly because the UK seems to be getting tougher
on it. At least it was under the previous government.
(27:20):
And what happened is there was a protest. There quite
a violent protest outside of site in North Dublin that
has been set aside for housing some of the asylum seekers.
Protesters gathered, set palettes on fire, some construction machinery on
fire as well, and also attacked police with rocks. Police
fired back trying to quell them, but several officers were injured,
(27:44):
with more than two hundred guardians it known or police
officers deployed to the incidents. Three of the police cars
were damaged and one of which was set on fire. Now,
all of this is because some people are saying that
there are Irish nationals who can't get housing, they can't
afford housing, they are homeless, and yet they claim new
(28:07):
asylum seek as a given priority on the housing list.
The government says that's not the case. But we have
to welcome migrants and we indeed have to welcome them
up to certain standards. So a great deal of tension
and not the first time there's been violence on the
streets of Dublin recently when trying to sort these situations.
Speaker 2 (28:25):
Out, too true, Gavin, thank you so much for that.
That's our UK and Europe correspondent Devin Gray. It is
eleven to six, Ryan Bridge, Right, it is CPI DA
yay everybody. It's sinfation data for quarter two that will
be released by Stats New Zealand at ten forty five
this morning, so stay tuned for that. On news talk,
se'd be most banks are expecting a slight drop, but
(28:48):
what does it mean for consumers and what does it
mean for your mortgage? Joining me now is a and
Z economist and CPI forecaster Henry Russell. Henry, good morning,
Good morning. What would trigger right, well, what number do
we do we need to trigger a rate cut? Do
you reckon?
Speaker 11 (29:06):
Well, it's pretty hard to put a number on it.
We're going to have to see what the data brings
today and have a look at the details. But in
terms of what we are expecting, it is good news.
Inflation is expected to fall from four percent to three
point three percent. That is below what the Reserve Bank
expected back in May they forecast three point six percent,
(29:26):
But that does show inline inflation is falling a little
fast than they expected, but a lot of that reflects
weakness across volatile components, so things like food prices, fuel
and the a FIRS. And the Reserve Bank doesn't really
have a lot of influence over these things, and so
really what they'll be focusing on is domestic inflation or
non tradable inflation. There we're actually expecting the same outcome
(29:47):
of the Reserve Bank. That's not to say that that
would mark progress, it would end the Preserve banks run
four consecutive upward surprises since it went on hold. But
we just think it's slightly too early for that to
give the green light for an imminent oci cut as
soon as August.
Speaker 2 (30:04):
So you're saying non basically holding non tradable steady would
be a win.
Speaker 11 (30:10):
So we're expecting it to fall from five point eight
to five point three percent, So it is falling and
the quarterly run rate would be closing in on what's
consistent with inflation at target. But yeah, it does seem
like a stretch for a cut to come in August,
but certainly the risks are tilting towards a cut being
delivered this year. But we'll have to see what the
(30:32):
data brings today.
Speaker 2 (30:33):
Do we need more I mean, do we need quarter
three data before making any decisions or with the Reserve
Bank need quarter three data before making decisions on that,
or could could it potentially be based off just quarter
one and two.
Speaker 11 (30:46):
I think they will like to see the Q three
data just in the sense that that is likely to
be to confirm that inflation is back within the one
to three percent target band. But look, there's no denying
recent economic dary has been very very soft in New Zealand.
The housing market is cooling, the labor markets weakening, consumer
(31:06):
spending as in the business surveys are telling us that
businesses are under pressure. But importantly they're also telling us
that businesses are no longer able to raise their prices
due to week demand, and that cost pressures are moderating.
All these things are adding to our confidence that inflation
is heading back to target and it's likely to stay there.
(31:27):
But we really do need to see those dynamics present
in the inflation data today to confirm that.
Speaker 2 (31:34):
Henry, Thank you for that. Henry Russell, the ain Z
economist and CPI forecast ahead of the announcement by stats
n Z our latest inflation data at ten forty five
this morning. Mike Hosking is with us next. We're also
looking brief look a relook, I should say at Helen
Clark and Don Brash's statement on luxen.
Speaker 1 (31:55):
Ryan Bridge new for twenty twenty four on Earl Vision
with Smith's New Zealand's Furniture Beds and a player store
News Talk Siddy.
Speaker 2 (32:04):
Five away from six. Mike Hosting is with you next.
Very quickly though, Helen Clark and Don Brash and their
statement against well not against Luxon, but about Luxon and
his views on China and the US. They say, why
are we making such a big deal about China spying
on New Zealand. It's not the only country that spies
on New Zealand, It's not the only government that spies
(32:24):
on other countries. Why is it such a big deal.
I don't know. I would have thought, if you listen
to our security agencies, that there is a big deal
to be made of China spying on us, and not
not only our government, but our companies as well, some
of our businesses. Right, Mike Hosting is here. What's on
the big show today?
Speaker 12 (32:41):
Well, we'll do the CPI, of course, and get some
projections around what it means and how it's going to
affect us and whether or not any of this carnage
economically is going to end anytime soon. Nigel Avery, remember him,
He's the shift and mission these days for big weightlifter.
He's a shift mission these days for the Olympic Games.
Speaker 2 (32:58):
Good bloke.
Speaker 12 (32:58):
Anyway, he's in Paris, so he's set to go. The
athletes haven't arrived yet, but that's about nine days away,
so we'll talk to him about and he's just come
back from dinner and wandering past the sin of course,
as everyone wonders whether or not they're going to leap,
And imagine if you're a triathlete and they at the
last minute the game, you realize that if they can't
swim in the Sin river, they're going to turn it
(33:18):
into a dew athlon. So in other words, well, yeah,
so one event just disappears. So imagine if you're a
imagine if you're a strong swimmer and suddenly they go
by the way, the river's too dirty, so you won't
be doing the swimming. But and suddenly you've got to
run and bike and that's all you can do. That's
your Olympic dream shot.
Speaker 2 (33:37):
I saw there was a there was a government French
government minister and the.
Speaker 12 (33:41):
Mayor is going to what's today here Wednesday tomorrow, So
the mayor is going to go tomorrow. Macron said. He
would also go in, but you know that's it's that's
not the triathlon. There's yeah, differently towing a river's not
really different anyway, Nigel avery Is, I'm going to be
with us among other people after seven to thirty.
Speaker 2 (33:56):
Thanks so much, Mike Costing with you after six o'clock
this morning. That is it for me for today. Have
a great day, everybody, see you tomorrow.
Speaker 1 (34:09):
For more from News Talk sed B, listen live on
air or online, and keep our shows with you wherever
you go with our podcasts on iHeartRadio
The issues, the interviews and the inside. Ryan Bridge new
for twenty twenty four on the early edition with Smith City,
New Zealand's furniture beds and a play at store.
Speaker 2 (00:14):
News Talk said, be good morning, it is six half
to five year on, news Talk said, b I'm Ryan Bridge.
Welcome to your Wednesday Trade's. If you're on your way
to work, stay tuned. I've got a question for you
in a few seconds, and I really would like your
answers to it. I mean normally when I ask questions,
I do want your answers to it. I'm not just
(00:35):
saying that right this morning, we have some new news
for you. The government has released its emissions reduction plan,
so I'm just basically going to run through some bullet
points with you in a second what it actually means.
One of the big things they're looking at is planting
more trees. And remember they promised to plant a billion trees.
Remember that was Shane Jones Ittel. I checked this morning.
(00:58):
They've got a tracker and they can tell you how
many trees I've planted so far, six hundred and twenty
seven million, so not too bad actually, but they want
to plant seventeen thousand hectares of natives and exotics and
that's going to save our planet from burning. Apparently, we'll
have more on that shortly the tradees. I'll get to
you in a second with the question. Also will have
(01:19):
the inflation prediction from an z just before six this morning.
Right now it's seven after five the agenda and it's Wednesday,
seventeenth of July. That new projection of the government's climate
targets has been released at five this morning, revealing New
Zealand will likely miss its third emissions budget from twenty
(01:41):
thirty one to twenty thirty five, overshooting by seventeen million tons.
Estimates release last year showed the country on course to
hit all of its targets for all of its budgets,
which paved the way to net zero by twenty fifty. However,
the new government has since beenned many labor error policies,
including efforts to decarbonize heavy industry and subsidize clean cars.
(02:03):
Will have more on this in a second. The bullet
points plus Michael speak to the minister. At six thirty
five this morning, Former Green MP Darling Tana says she
was about to allow the release of a month's long
investigation to migrate exploitation allegations against her before it was
partially leaked. She's resigned as a Green member, but not
from parliament. She told Run News she'd give her approval
(02:25):
to release the report, but says it now feels redundant. Well,
I was about to give my approval to let it
go and then the report was linked leaked. Gosh, just
go away. Tanna says if she hasn't decided whether she'll
resign from parliament by Sunday, she'll likely be back sitting
on Tuesday. The number of house fires is up. AMI
(02:48):
Insurance data shows between summer and winter last year, there
was a twenty percent jump in fires from the year before.
The most common cause was unattended stovetops or ovens, followed
by clogged chimneys. AMI claims exit kit of General manager
Wayne Tippetts says it's important to take every preventative step possible.
Speaker 3 (03:05):
One of the other important things for people to really
think about is getting out of harm's way.
Speaker 4 (03:09):
That's what Fire Brigade.
Speaker 5 (03:11):
Is there for.
Speaker 1 (03:12):
The news you need this morning and the in depth
analysis early edition with Ryan Bridge and Smith City New
Zealand's furniture beds and a plan store.
Speaker 2 (03:21):
News Talk said they just gone nine after five. So
this is James Shaw's baby. This is the baby that
he birthed that we're now having to that the current
government is now having to update us on. It's the
emissions reduction Plan, so they have to release a plan
for how they're going to meet the emission's targets to
get to net zero by twenty fifty and at five
(03:43):
o'clock this morning they have released their first one and
it basically shows that we're not going to meet the
all of the targets that we were on track to meet.
We're going to overshoot by seventeen million tons of emissions
for the twenty thirty one to twenty thirty five budget.
That's the third budget. We're still on track to meet
(04:05):
the first two, and this budget actually only applies to
the second one, so by that measure, we're actually probably
doing okay, and there's still time to save the third one, presumably.
So they're basically relying that they've announced a whole bunch
of things already, like ten thousand more ev charges by
twenty thirty. We know about that. There's the city rail link,
(04:26):
we know about that, the carbon Catcher investigation. We know
about that. The news stuff is planting trees, which doesn't
actually sound that new given that remember we were planting
a billion trees anyway, and we're up to about six
hundred odd million anyway. They want to plant seven and
a half thousand hectares of native trees from twenty twenty
(04:46):
eight and ten thousand hectares of exotic trees from twenty
twenty seven, and they want the help of private investment
to plant trees on crown land. Now this is crown
land which isn't valuable, say for farming or for conservation,
so we'll have to wait and see how that goes down.
There are no policy commitments or plans when it comes
(05:07):
to the ETS. This is according to news Talk zb's
newsroom and the ETS they are relying heavily on to
get through these budgets. So we'll have more reaction to
that throughout the program. But also with the Minister at
six thirty five with Mike Costing this morning, now very
quickly insulation. The Minister is looking at a urgent investigation
(05:29):
into our insulation standards in New Zealand. I've got a
question for you, if you're a builder if you're a trader,
if you're an insulation expert, please text me nine two
nine two this morning and let me know. Are our
requirements to insulate new homes too stringent? The Minister reckons
they are. This is Chris Penk. He says that the
(05:51):
requirements for a full bedroom house would add about forty
to fifty thousand dollars to the cost of a new home,
and often they are overheating homes, so they're leading to
overheating issues and basically they are too cumbersome and over
the top and he wants them pulled back. The Ministry
reckons that the cost increase is only two point eight percent.
(06:16):
So who's right? Does it cost that much to insulate
a house to keep up with these standards and is
it causing? Are they causing overheating issues? Nine two ninety
two is the numbered text. We'll be back talking farmac
in just a second.
Speaker 1 (06:31):
Get ahead of the headlines. Ryan Bridge you for twenty
twenty four on early edition with Smith City, New Zealand's
furniture Beds and a player store News Talks'd be.
Speaker 2 (06:41):
Just got a quarter past five. The Associate Health Minister
David Seymour has released his Letter of Expectations for FARMAC
Following a significant funding boost, the drug buying agency has
been told it needs to deliver improved health outcomes underpinned
by robust data and evidence. Seymour has also told FARMAC
to hold the embedding of tententity or white hanging and
(07:02):
its decision making.
Speaker 6 (07:04):
If at different New Zealands differently based on whether or
not they had an ancestor who was LURI, then we
want nothing to do with it.
Speaker 2 (07:11):
Malcolm R. Holland is the chair of the Patient Voice
out Set our group and joins me. Now, Malcolm, welcome
to the program. First of all, this treaty exclusion does
that bother you?
Speaker 4 (07:21):
No, it doesn't. There was never any evidence that by
having treaty provisions within pharmac's decision making process that led
to MARDI access in more medicines. It was very unclear
as to how it was being used, so it made
from our perspective, no material difference.
Speaker 2 (07:39):
Apart from that, what is new in this What gives
you hope that this is going to lead to actual change?
Speaker 4 (07:46):
It is a number of things, probably in particular is
around looking at pharmic statutory objectives. So whether or not
they need to retain reference to PHARMAC having a mylefic
process if you like, on cost containment, looking at the
Health Technology Assessment process in for FARMAIC to consider some
(08:10):
of the savings that can occur within the health system
and to the wider taxpayer as they found a particular medicine,
and also looking at the separation of roles between FARMI
is a procurement agency as well as the Health Technology
Assessment agency as well.
Speaker 2 (08:25):
Okay, so there's stuff in there that gives you a
bit of hope. How do you think FARMAC will respond
to this? Do you think that they're up to the job.
Speaker 4 (08:34):
Well, it was interesting being there yesterday. Certainly, the conversations
that we had with FARMA staff, they seemed overall positive.
You know, I believe there was a bit of reluctance
around the TI aspect of the leader of expectations, but
overall I think they know that change is happening and
that it needs to happen.
Speaker 2 (08:52):
Malcolm R. Holland's Patient Advocate, thank you very much for
your time this morning, Chair of Patient Voice out at Eye.
It's just gone seventeen minutes after fire clock. Very quickly,
I'll update you on Thomas crooks. This is the guy
who was shot by a local police after firing at
US former US President Donald Trump. They've outlined the forty
(09:13):
eight hours before the shooting happened, he went to a
home depot, he bought a five foot ladder, he went
to a gun store, he got fifty rounds of AMMO,
and then he drove his Shondai Sonata up an hour
north to Trump's rally. However, we are now for more
than two days, three days even after the shooting, and
they still have no idea what his motive was. They've
(09:37):
gone through his phone, they've gone through his computer, they've
gone through his search history and his bedroom. They've spoken
to his friends, and there is nothing, according to law
enforcement sources. It's told CNN this morning, nothing that indicates
why he did it.
Speaker 1 (09:50):
Back in a second on your radio and online on
iHeartRadio early edition with Ryan Bridge and Smith City, New
Zealand's footge Beds and a plying store.
Speaker 2 (10:01):
News Talk said, be just gone five, just gone five
twenty and the Minister, the building Minister is looking at
an investigation into whether our insulation standards are too stringent.
Lots of you getting in touch this morning on this one.
A lot of you saying here is correct. We manufacture
our aluminium joinery. This is from Nick. Under the new
(10:22):
H one rules, the joinery specification costs fifty percent more.
And that's before you take into account the additional insulation
that you need, the thicker insulation and the fact you
have to change the roof design to fit all of
this extra stuff. In Nick reckons it would add ten
percent to the cost of a four bedroom house a
(10:44):
new build, which is massive. More texts on that in
the second just gone twenty one after five right road
safety warning signs for fixed speed cameras are set to
be rolled out across the country. The government hopes the
move will allow key where's the opportunity to check their
speed in high crash areas to avoid tickets and accidents.
The rollout will take place as n ZTA takes over
(11:06):
managing speed cameras from police. The warning signs are already
going up and the AA Road Safety spokesperson Dylan Thompson
is with me now, Dylan, good morning. Do these signs work?
Do we? Presumably they do. We slow down when we
see them.
Speaker 6 (11:20):
Good morning, Ryan. We expect to see a big reduction
in tickets at these sites when the signs are rolled out,
which means obviously that we have less people exceeding the
speed limit at those high risk locations. So in our view,
this is a really good thing and has been a
long time coming. We're really pleased to see these signs
finally happening.
Speaker 2 (11:41):
Okay, but that's assuming that all of the cameras are
in high risk locations. And it used to bug me
going to Wellington driving down not on a gorge and
you know you're going downhill, so everyone speeds a little bit,
But is it a higher crash area? Are the cameras
and high crash areas they.
Speaker 6 (11:59):
Go through A pro is to establish where the cameras
are going to go, and in the past has been
involved with that, so they definitely have looked to find
either locations with a history of crashes involving speed or
areas where there's a lot of people traveling at the
speed limit. No longer Gorge, I know it very well.
(12:22):
I think one of the things people forget there is
at more peak times, especially when you're coming downhill, there
can be tailbacks of traffic that come and and a
fuel going down there faster than eighty and it's a
bit wet or something like that, and you come around
the bend and there's suddenly a line of cars stopped
in front of you. There is a lot of risk there.
(12:45):
But hopefully the signs when they go up are going
to help people going down now along the gorge to
remind them that there's a camera there, check their speed,
slow down, get a lot of the risk.
Speaker 2 (12:54):
Doll then't how far are the cameras from the signs?
In other words, how long do you have to slow
down to slow down of your Not that I'm saying
you should speed or that people do.
Speaker 6 (13:03):
But it's going to vary a little bit depending on
the environment, you know, so they'll have to adjust the
signs depending on roads and intersections and what's around. But
we're probably looking somewhere around two hundred meters either side
as a ballpark figure. And I think just one other
thing that's really important is because I hear people talk
(13:25):
about our drivers will just drive above the speed limit.
They see one of these signs, they're not slow down,
and then speed up again. There is definitely a certain
group of people who just try to drive as fast
as they can above the speed limit. I would say
those drivers already have a pretty good idea where the
cameras are. What these are going to help us the
(13:47):
large bulk of people who aren't trying to break the
speed limit. They're good drivers, they're trying to follow the rules.
Maybe they're just a bit distracted, Maybe they just have
let their speed creep up. And it gives those people
chance to just a little financial One sent reminder to
take a look this campray coming out, check the speed
slowly and if you need to.
Speaker 2 (14:06):
Dylan Thompson, thanks so much for your time, the AA
Road Safety spokesperson on the rollout of signs warning us
of speed cameras coming up. Next, it is Clark and
Brash v Luxen. Why Luxon is right and Clark and
Brash are wrong?
Speaker 1 (14:24):
Separating the fact from the section Kid's Billy Edition with
Smith City, New Zealand's Furniture Beds and Appliant Store News.
Speaker 2 (14:32):
Dog ZBB twenty six, half to five. I'm not a
huge fan of former pms sticking their ore into the
water of current political debates. Not only are their thoughts
they tend to be rooted in briefings that were given
by officials years ago, back in their heyday, but when
attacking a sitting prime minister. They also tend to sound
(14:52):
a bit wingy and out of touch. This is the
case of Helen Clark and Don Brash, who issued a
statement condemning Chris Luxon for comments he made to The
Financial Times at NATO. Luxon said a couple of things,
and I'll run you through it. One, we need to
call out China more for spying. Two he wants to
sign a deal that would see US able to deploy
military assets to the Philippines. And you'll know the Philippines
(15:14):
has long running and regular disputes with Beijing and the
South China Sea. Three he's keen on our military joining
the US and Australia and conducting joint military exercises inside
the Philippines. Easy. Four he spoke about New Zealand being
a quote force multiplier for Australia, the US and other partners.
(15:36):
Now Clark and Brash are tutting this, which comes off
the back of the Orchest debate and wades into another
long running one. And this is the thirty eight billion
dollar debate. That's what two way trade between China and
New Zealand is worth. Remember it was Clark and then
Foreign Minister Phil Goff, who signed the FDA that got
us there, and they reckon that this tough talk from
(15:59):
luxin this so called cozying up to the US is
undermining our independent foreign policy, whatever that means now, and
could lead to us being punished by China at the port. China,
they reckon, is no bigger Aspire threat to US than
other countries. Here's the thing, though, Luxon hasn't actually changed
much in the way of foreign policy yet. Plus the
(16:20):
full Financial Times article also quotes him saying we're pursuing
a balanced strategy with China on trade, renewable energy and
people to people ties. What's more, the current PM is
getting more up to date briefings on China's cyber threat
than Clark or Brash. And when it comes down to it,
most of us would agree that we'd side with America
(16:42):
and Australia esl if war returned to the Pacific theater,
wouldn't we? Isn't Luxon just laying out and saying what's
realistically bound to happen, and saying all of that, Australia
the hard way that poking the bear and what it
can do to your exports, So it's an air in
which we should tread carefully, but perhaps some are now
(17:04):
better placed than others to walk that tightrope. We're going
to talk about this in the next half hour on
the program. Also more on the government's emissions reduction plan
which has been released this morning, and lots of your
feedback on our insulation standards with this new investigation underway.
Speaker 7 (17:23):
News is Next, News and Views You Trust.
Speaker 1 (17:38):
To start your day's early edition with Ryan Bridge and
Smith City, New Zealand's Furniture Beds and a flying store.
Speaker 2 (17:45):
News Talk said yes.
Speaker 7 (17:54):
The first time.
Speaker 2 (17:56):
Good morning, Welcome to Wednesday. We're just joining early edition.
It's to have you with me this morning. A quick
update on our story we followed yesterday with Minister Mark
Mitchell Police Minister. This police pay deal numbers out last
night for One News showed that in the last year
more than three hundred KIWI cops applied to work in
the state of Queensland alone. So when you've got those
(18:20):
numbers applying in the last year plus a sour taste
after the deal that they that arbitration got them yesterday,
big hard pressed to think that a few more wouldn't
want to jump the ditch. Remember this is on the police.
Minister has put the goal of five hundred extra police
(18:41):
by twenty twenty five. That's next year, and we've got
some leaving to cross the ditch. You've also got attrition.
I'm wondering whether they should push that out a little bit,
the target or the number either or to save themselves
a bit of embarrassment coome election time in twenty twenty six.
Coming up shortly, I'll tell you about the man on
(19:02):
the Moon and the fact that we have apparently found
the first cave on the surface of the moon. Would
you actually want to go and live there? It's called
a lunar pit. Apparently it's a survivable place on the Moon,
on the surface of the moon. Where are you moving to? Oh,
a lunar pit? No, thank you, but I'll tell you
why in just a few seconds.
Speaker 1 (19:23):
Play light and bread rich.
Speaker 2 (19:25):
First, we're going to Dunedin with Emily Ansel. Emily new
research highlighting the mental toll of vaping.
Speaker 8 (19:32):
Yes, it's highlighting that mental toll you mentioned. It's taking
on young people and a targer university report published in
the International Drug and Alcohol Review looks into the vaping
experiences of twenty two sixteen to twenty year olds. It
found the habit dominates their thoughts throughout the day, especially
at school where many would make excuses to leave class
(19:52):
in vape. A Targer University Public health professor Janet Hooks
says lots of them became irritable and angry if they
to delay vaping. She says it goes from vaping with
their peers to getting their own device, leading to addiction,
which all happens very quickly.
Speaker 2 (20:08):
In this May. How's the weather today?
Speaker 8 (20:10):
Low cloud and fog breaking to fine towards midday, cloud
increasing this evening light winds with a high of eleven
Thanks Emily.
Speaker 2 (20:16):
Claire Sherwood is in christ Church this morning and they
want a new bridge and new brys and Claire they do.
Speaker 9 (20:23):
Indeed, Ryan and the christ Church East MP is calling
on the government to come to the table to help
with that. The Pages Road bridge is a critical link
to the community and was really badly damaged in the earthquake.
It's only ever had a temporary repair since then. The
council has budgeted sixty three million dollars towards a replacement,
but government funds are needed in order to make that
(20:44):
a reality now. The MP out there, Reuben Davidson, has
started a petition calling for the Transport Minister to financially commit.
He says the government's ignoring the east of christ Church,
which currently risks being cut off in an emergency.
Speaker 2 (20:58):
How's the weather looking today? Clear, low cloud.
Speaker 9 (21:01):
And fog this morning breaking for a time this afternoon
light wins with afternoon easterlies. The high is ten and
five overnightsrill.
Speaker 2 (21:08):
Thank you, Max toll is in Wellington X. Kiw doing
quite well in the region.
Speaker 10 (21:13):
Yeah.
Speaker 5 (21:14):
Earlier this year one hundred kiwi were flown from Waikatle
and reintroduced to the hills of Wellington west of the city,
beyond Korori Pest free Upper Hut now saying they've confirmed
kiwi roaming north of the city. A male and female
captured using surreptitiously planted audio recorders. It's unknown how long
they've been in the huts, but you've got a few
(21:36):
locals claiming they've been hearing them for a few years,
specifically around Whiteman's Valley, which is east of the hut,
heads down towards way Uyomata. Likely they've come all the
way down from the Demuttaka ranges. The important thing now
getting pest trapping, keeping up with efforts, making sure dog
owners get the message, keep them on a lead as well.
Speaker 2 (21:55):
Yeah, have you ever seen one in the wild?
Speaker 5 (21:57):
Not in the wild?
Speaker 2 (21:58):
No, not that lucky, No, neither of I. How's the
weather today?
Speaker 6 (22:01):
Max?
Speaker 5 (22:02):
Cloudy with the scattered rain fourteen the high central.
Speaker 2 (22:05):
Thank you and never Letimno was with us in Auckland
this morning. You're at morning. You're a better sleep expert,
are you? I? I haven't.
Speaker 3 (22:13):
I've got from news reader to better sleep expert. This
would be really weird for us since we're early morning people.
But apparently it's sort a brief break in your evening
sit down could provide a major payoff. So this is
an Otaga University study, so it's compared participants who set
for prolonged periods to those who complete three minute activity
(22:33):
breaks every half hour. So what they want is they're
saying that those who completed this in the evening before
they went to bed sleep for thirty minutes longer than
other people. So saying, you know, if you do squats
at night just before you jump into bed, or you know,
any nighttime activity like a walk around the house in
the evening, climbing the stairs, a living room dance. So
(22:56):
maybe if we do that Ryan, you know, and then
you go to sleep, you know, then you'll sleep for longer.
You'll sleep for longer.
Speaker 2 (23:01):
I was immediately thinking of another nighttime activity that takes
about three minutes.
Speaker 3 (23:07):
Were you're terrible, You're terrible?
Speaker 2 (23:09):
Burial? Does that work?
Speaker 3 (23:12):
Well? I'm not sure what I was thinking, because we
get up early. I mean, I was asleep last night.
I was saying, to produce a leo. I was asleep
at about six pem. I thought, I don't have time
to do star jumps anyway. What can I say about
your comment?
Speaker 2 (23:27):
Weather? Yes, weather areas.
Speaker 3 (23:29):
Look, hey, another some more fog today?
Speaker 2 (23:32):
For all I saw that it just doesn't go away?
Does that what?
Speaker 3 (23:35):
Eriie?
Speaker 2 (23:35):
Doesn't it?
Speaker 3 (23:36):
Fifteen's the high though.
Speaker 2 (23:37):
Bit of rain. There you go, Thank you very much.
We'll all get a good night's sleep tonight, won't we.
It's eighteen away from six, sixteen minutes away from six.
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Speaker 2 (25:00):
Light to Gevin Gray are europe correspondent this morning, given
good morning, we seem to be having a problem getting
given on. We are going to talk Togevin in just
a few moments about some Indian farm laborers who have
been freed from quote slave like conditions. And we're not
quite sure exactly what those conditions are, but we can
(25:23):
join Geven now for the latest. Kevin, good morning, right,
what exactly are they talking about slave like conditions?
Speaker 10 (25:30):
Well, because they were working ten to twelve hours a day,
seven days a week. They were housed in a really
rundown apartment said to be extremely unhygienic, and were paid
at roughly six New Zealand dollars per hour. And the
problem for many of these Indian farm laborers is that
when they arrived in Italy having been promised work visas,
(25:51):
their passports were taken off them. They were not given
any documentation and many arrived in debt and yes you guessed,
they weren't ever earning an to pay off the debt
and the interest. And that is why two men, also
Indian nationals, have been arrested. When they were arrested Ryan,
they had over three quarters of a million Ossie dollars
(26:11):
in cash on them. It's big, big money, and these
I'm afraid these gangs operate in These slave conditions are
pretty common both Italian and migrants in Italy, and I'm
afraid they're often representing many thousands of people in fields, vineyards,
greenhouses across the country. Indeed, just last month, an Indian
(26:31):
fruit picker died after his arm was seven in a
workplace accident. Instead of taking into the hospital, he was
just left by the side of the road where he died.
So as you can imagine some pretty awful scenes about
how they're treated and the group these thirty three workers
are now being looked after by social services and those
(26:52):
with migrants support.
Speaker 2 (26:53):
God, that's terrible. Let's go to Dublin. What's happening with
this protest?
Speaker 10 (26:58):
Well, I'm afraid back to these situation of asylum seekers
and migration here because as you know, Ireland prides itself
on an open door, welcome to migrants. Well, it's suddenly
been inundated with welcome, open door for migrants, I think
partially possibly because the UK seems to be getting tougher
on it. At least it was under the previous government.
(27:20):
And what happened is there was a protest. There quite
a violent protest outside of site in North Dublin that
has been set aside for housing some of the asylum seekers.
Protesters gathered, set palettes on fire, some construction machinery on
fire as well, and also attacked police with rocks. Police
fired back trying to quell them, but several officers were injured,
(27:44):
with more than two hundred guardians it known or police
officers deployed to the incidents. Three of the police cars
were damaged and one of which was set on fire. Now,
all of this is because some people are saying that
there are Irish nationals who can't get housing, they can't
afford housing, they are homeless, and yet they claim new
(28:07):
asylum seek as a given priority on the housing list.
The government says that's not the case. But we have
to welcome migrants and we indeed have to welcome them
up to certain standards. So a great deal of tension
and not the first time there's been violence on the
streets of Dublin recently when trying to sort these situations.
Speaker 2 (28:25):
Out, too true, Gavin, thank you so much for that.
That's our UK and Europe correspondent Devin Gray. It is
eleven to six, Ryan Bridge, Right, it is CPI DA
yay everybody. It's sinfation data for quarter two that will
be released by Stats New Zealand at ten forty five
this morning, so stay tuned for that. On news talk,
se'd be most banks are expecting a slight drop, but
(28:48):
what does it mean for consumers and what does it
mean for your mortgage? Joining me now is a and
Z economist and CPI forecaster Henry Russell. Henry, good morning,
Good morning. What would trigger right, well, what number do
we do we need to trigger a rate cut? Do
you reckon?
Speaker 11 (29:06):
Well, it's pretty hard to put a number on it.
We're going to have to see what the data brings
today and have a look at the details. But in
terms of what we are expecting, it is good news.
Inflation is expected to fall from four percent to three
point three percent. That is below what the Reserve Bank
expected back in May they forecast three point six percent,
(29:26):
But that does show inline inflation is falling a little
fast than they expected, but a lot of that reflects
weakness across volatile components, so things like food prices, fuel
and the a FIRS. And the Reserve Bank doesn't really
have a lot of influence over these things, and so
really what they'll be focusing on is domestic inflation or
non tradable inflation. There we're actually expecting the same outcome
(29:47):
of the Reserve Bank. That's not to say that that
would mark progress, it would end the Preserve banks run
four consecutive upward surprises since it went on hold. But
we just think it's slightly too early for that to
give the green light for an imminent oci cut as
soon as August.
Speaker 2 (30:04):
So you're saying non basically holding non tradable steady would
be a win.
Speaker 11 (30:10):
So we're expecting it to fall from five point eight
to five point three percent, So it is falling and
the quarterly run rate would be closing in on what's
consistent with inflation at target. But yeah, it does seem
like a stretch for a cut to come in August,
but certainly the risks are tilting towards a cut being
delivered this year. But we'll have to see what the
(30:32):
data brings today.
Speaker 2 (30:33):
Do we need more I mean, do we need quarter
three data before making any decisions or with the Reserve
Bank need quarter three data before making decisions on that,
or could could it potentially be based off just quarter
one and two.
Speaker 11 (30:46):
I think they will like to see the Q three
data just in the sense that that is likely to
be to confirm that inflation is back within the one
to three percent target band. But look, there's no denying
recent economic dary has been very very soft in New Zealand.
The housing market is cooling, the labor markets weakening, consumer
(31:06):
spending as in the business surveys are telling us that
businesses are under pressure. But importantly they're also telling us
that businesses are no longer able to raise their prices
due to week demand, and that cost pressures are moderating.
All these things are adding to our confidence that inflation
is heading back to target and it's likely to stay there.
(31:27):
But we really do need to see those dynamics present
in the inflation data today to confirm that.
Speaker 2 (31:34):
Henry, Thank you for that. Henry Russell, the ain Z
economist and CPI forecast ahead of the announcement by stats
n Z our latest inflation data at ten forty five
this morning. Mike Hosking is with us next. We're also
looking brief look a relook, I should say at Helen
Clark and Don Brash's statement on luxen.
Speaker 1 (31:55):
Ryan Bridge new for twenty twenty four on Earl Vision
with Smith's New Zealand's Furniture Beds and a player store
News Talk Siddy.
Speaker 2 (32:04):
Five away from six. Mike Hosting is with you next.
Very quickly though, Helen Clark and Don Brash and their
statement against well not against Luxon, but about Luxon and
his views on China and the US. They say, why
are we making such a big deal about China spying
on New Zealand. It's not the only country that spies
on New Zealand, It's not the only government that spies
(32:24):
on other countries. Why is it such a big deal.
I don't know. I would have thought, if you listen
to our security agencies, that there is a big deal
to be made of China spying on us, and not
not only our government, but our companies as well, some
of our businesses. Right, Mike Hosting is here. What's on
the big show today?
Speaker 12 (32:41):
Well, we'll do the CPI, of course, and get some
projections around what it means and how it's going to
affect us and whether or not any of this carnage
economically is going to end anytime soon. Nigel Avery, remember him,
He's the shift and mission these days for big weightlifter.
He's a shift mission these days for the Olympic Games.
Speaker 2 (32:58):
Good bloke.
Speaker 12 (32:58):
Anyway, he's in Paris, so he's set to go. The
athletes haven't arrived yet, but that's about nine days away,
so we'll talk to him about and he's just come
back from dinner and wandering past the sin of course,
as everyone wonders whether or not they're going to leap,
And imagine if you're a triathlete and they at the
last minute the game, you realize that if they can't
swim in the Sin river, they're going to turn it
(33:18):
into a dew athlon. So in other words, well, yeah,
so one event just disappears. So imagine if you're a
imagine if you're a strong swimmer and suddenly they go
by the way, the river's too dirty, so you won't
be doing the swimming. But and suddenly you've got to
run and bike and that's all you can do. That's
your Olympic dream shot.
Speaker 2 (33:37):
I saw there was a there was a government French
government minister and the.
Speaker 12 (33:41):
Mayor is going to what's today here Wednesday tomorrow, So
the mayor is going to go tomorrow. Macron said. He
would also go in, but you know that's it's that's
not the triathlon. There's yeah, differently towing a river's not
really different anyway, Nigel avery Is, I'm going to be
with us among other people after seven to thirty.
Speaker 2 (33:56):
Thanks so much, Mike Costing with you after six o'clock
this morning. That is it for me for today. Have
a great day, everybody, see you tomorrow.
Speaker 1 (34:09):
For more from News Talk sed B, listen live on
air or online, and keep our shows with you wherever
you go with our podcasts on iHeartRadio
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