August 13, 2024 • 34 mins
On the Early Edition with Ryan Bridge Full Show Podcast for Wednesday 14th of August, it's OCR day - will the Reserve Bank cut our official cash rate? Jarden's John Carran joins the show to discuss.
NZ's 30-year gene editing ban is set to be lifted, taking GE out of just the lab. Michael Bunce speaks to Ryan about what it means for new products, productivity, and our economy.
Tourism numbers are out for the June quarter and they’re still down from pre-pandemic times. Airline and tourism groups aren't happy about changes to visitor visa fees.
Get the Early Edition with Ryan Bridge Full Show Podcast every weekday on iHeartRadio, or wherever you get your podcasts.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
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 New Stalks.
Speaker 2 (00:15):
It'd be good morning.
Speaker 3 (00:16):
It is six after five, coming up this morning before six.
Adrianaw's big day today. Willy drop, Willie hold, We'll look
at that. Gavin Gray's in the UK. A thirteen year
old girl is pleading guilty over the riots there, but
for what we'll ask him. Before five point thirty We've
got the Board of Airline Reps on tourism data not
looking good there. It is six after five.
Speaker 2 (00:39):
The agenda, and it.
Speaker 3 (00:41):
Is when stay the fourteenth of August. Tensions are continuing
to rise in the Middle East, with fairs that Iran
could attack Israel as soon as this week. I know
they have been saying that for a couple of weeks now.
The US is sending one of its aircraft carriers, the
USS Abraham Lincoln, to the region, as well as the
USS Georgia submarine. US officials so they want to see
de escalation, not war. What we're focused on is continuing
(01:05):
to de escalate diplomatically.
Speaker 4 (01:07):
Our hope in our intent is to make sure that
an attack doesn't happen.
Speaker 3 (01:12):
Housing of full affordability remains low despite dropping property values
and rising incomes. Poor Objects says the time needed to
save for a deposit is the lowest since COVID, at
just over ten years. That compares to thirteen years to
save back in COVID days. Meanwhile, rent is consuming twenty
eight percent of household income, the most in at least
(01:33):
twenty years. Chief property economist Calvin davids And says the
full picture is still far from ideal.
Speaker 5 (01:39):
There's still a lot of strain on the market.
Speaker 6 (01:41):
Housing affordability has improved a little bit on.
Speaker 5 (01:43):
Some measures and not on others, so there's still pressure there.
Morlgitrates something and really still the key challenge.
Speaker 6 (01:48):
For a lot of people.
Speaker 3 (01:49):
Nas Is Mars insight lander has discovered water below the
surface of the Red planet.
Speaker 2 (01:55):
Excuse me.
Speaker 3 (01:56):
It's been recording seizemic activity on the planet for the
past four years, with analysis showing that seismic signals of
liquid water believed to be ten to twenty kilometers below
the surface. The desert like planet shows signs there were
at once rivers, oceans, and lakes on the surface. More
than three billion years ago.
Speaker 7 (02:16):
News and Views you trust to start your day is
early edition with Ryan Bridge and Smith City, New Zealand's
furniture beds and a flying store.
Speaker 2 (02:25):
News Talk said they.
Speaker 3 (02:27):
We start this morning with this really rarely concerning story
about lollies. The Auckland City Mission is warning there are
potentially lethal levels of methan fettering and donated lollies that
were given out in food parcels. Somebody ate one fell
ill and the testing three hundred doses and one lolly
(02:49):
three hundred doses of meth in one lolly. Police say
that these lollies may have been distributed over several weeks
in Auckland. So if you have in your possession a
Render brand pineapple lolly, retail sized packages apparently were handed out.
If you have one of those, or if you know
somebody who gets food parcels, please let them know do
(03:13):
not eat these. Contact the City Mission and contact the police.
These are Render brand Pineapple lollies. They tested one lolly
and it had three grams of meth in it. Three
grams in one lolly, you'd have to imagine it's the
whole lolly is just meth. The average the common dose
is ten to twenty five milligrams, so up to three
(03:37):
hundred doses in one lolly. So yeah, please please if
you know anyone who gets food parcels, if you get
food parcels, do not consume them. Please call the police.
And he begs the question, doesn't it Did somebody do
this deliberately? Did you know with somebody importing meth and
these ended up in the wrong hands by accident? I
don't know. But they're going to have a press conference,
(03:58):
that is the City Mission and the Drug Foundation at
about eleven o'clock this morning, just gone ten after five.
Big day today obviously, our fight against inflation, our ocr
announcement that is two pm today. In the US overnight
the down s and P five hundred were up. They
had some good inflation data in that it was weaker
than expected the July Producer Price Index. All eyes on
(04:23):
their CPI and their retail sales figures which are coming
out in the next couple of days. But it's good
news in a sense, isn't it for the US? And
they'll be looking for a rate cut as are we today.
Speaker 8 (04:37):
T five still find so much you.
Speaker 7 (04:54):
The news you need this morning and the in depth
analysis early edition with Ryan Bridge and this City, New
Zealand's furniture beds had a playing store News.
Speaker 3 (05:03):
Talk, said Bird, seen after five on news Talk said
b Brad, I agree with you, Brad as text in
nine two nine two. The number can't see adriena or
cutting early. He will wait until next time, but his
monetary policy wording will change to strongly looking at a
cut in the near future. I think you might be
on the money there. It'll be all about the wording
(05:25):
around it, rather than him actually coming out today and
saying yep, we're cut cutting rates. That is happening at
two pm, thirteen after five. Now the government's taking genetic
editing out of the lab that's been confirmed from as
early as next year. Low risk and well understood gene
technologies can be used outside of the laboratory settings without
(05:46):
any regulation. It's been banned for thirty years. A dedicated
regulator will be set up to manage the gene technologies.
And Michael Buntz is with the Otaga University in Curtain University,
is a professor genetics expert. He's with us this morning. Mike,
Good morning, Good morning Ryan. What has changed in genomencing
(06:06):
since nineteen ninety six or since the late nineties.
Speaker 6 (06:11):
An awful lot since over the last thirty years, we've
gone from things like the human genome costing four billion
dollars and taking a decade complete to now been done
for about one thousand dollars in a day. And we've
had the advent of new things, you know, other jargon
such as CRISPA, which is the ability to edit genes.
So we've got lots of genetic information out there, and
(06:34):
we've got the ability to sort of find and replace
function within the genome if you like.
Speaker 3 (06:38):
So it's quicker, it's more efficient. Is it safer?
Speaker 2 (06:43):
Yes, it is.
Speaker 6 (06:44):
So these new precision editing tools, as I said, it's
a bit of a fine and replaced within a document,
so we're able to sort of look for a specific
word within a document and replace it with another piece
of genetic code quite easily. So it's moved into the
realm of called precision editing. So we've always edited the
DNA of the organisms around us, especially things like crops
(07:06):
et cetera, because they we've done it through selective breeding
over thousands of years, but that is speeding up this.
So now we've got these gene editing tools which are
sort of almost indistinguishable away from from domestic breeding that's
occurred over over decades.
Speaker 3 (07:23):
So we've been doing this outside already, and now we're
going to be able to do it in the labs.
Speaker 6 (07:31):
Oh, we've been you know, I guess that that through
that domestication process and choosing different variants right similar golden
kiwi fruit. We've been doing it for I think, and
now we're going to sort of like speed up that process.
And and you know what, the government has signaled in
this new gene Technology bill, and we're still light on
details about what it's going to do, but it's going
to it's going to bring us in line with what's
(07:51):
happening internationally. We're saying some of these low risk applications,
we're going to move away from, you know, a fully
precautionary approach that we've got in the moment into into
something that's slightly more permissive.
Speaker 3 (08:04):
And slightly more grown up in the approach. We're taking
what there's a pine tree example that you talk about.
What is that?
Speaker 6 (08:14):
Yeah, well, there's lots of applications of the gene technology.
We're using it for making medicines such as in zelin.
At the moment, we're using it for cancer cells. But
when we're talking about you know, planting things in New
Zealand for the first time. We've got lots of genetically
modified organisms in New Zealand at the moment in terms
of medicines and food. But when we're talking about using
(08:37):
it actually growing our own material in New Zealand, we've
got to look at examples of that. Or one of
those examples is a sterile pine tree. So we know
about the problem of wilding pines in New Zealand that
they spread into the conservation estate and onto farmlands. And
you know, one of the applications that's been touted is
just when you put a pine tree in the ground,
(08:59):
if it can't reap juice, stays where it is, so
we don't end up with this big seed bank sort
of moving all around New Zealand.
Speaker 3 (09:07):
So we can desecx pine trees.
Speaker 6 (09:10):
We can, and that you know, Scion has been developing
that technology for years and you know, a huge industry
for New Zealand, but also a major environmental problems. So
these are the sort of win win examples that the
government wants to take a closer look at rather than
this sort of quite precautionary approach. So it's not really
(09:32):
been banned in New Zealand. That's the wrong set of technology,
but it's been so precautionary and there's been so much
red tape and hoop jumping that's going on that it's
starting to create problems for us.
Speaker 3 (09:46):
Really interesting and I'm very excited to see where some
of this research might lead. It's Michael Buntz. He is
a genetics expert. He's with Otaga and Kirton University as
a professor. Eighteen minutes after five. Coming up next, we're
going to look at tourism. Why is our post COVID boom,
well not boom, but recovery starting to falter.
Speaker 7 (10:09):
The first word on the News of the Day early
edition with Ryan Bridge and Smith City, New Zealand's furniture
Beds and a playing store.
Speaker 2 (10:17):
News Talk said, good.
Speaker 3 (10:18):
Morning, it's five point twenty on Ryan Bridge and if
you like a drink and you're over sixty, bad news
for you. Coming up just after five point thirty. Also,
quick update on the situation in Russia. This is Ukraine's
incursion into Russia. Zelensky has said he is not interested
in holding this land. He says Poutin must be forced
into peace negotiations, so they're basically going to continue this
(10:42):
offensive until Moscow agrees to peace. Twenty one after five. Now,
our tourism recovery appears to have stalled. The number of
overseas arrivals reached three point two million in the year
a joune. That sounds good, but it's down seventeen percent
on pre pandemic peaks and still hovering it around eighty
percent of pre COVID levels for the year. It comes
(11:05):
at a time where visa charges are going up in
the international visitor levy could rise by as much as
three times to one hundred dollars for many tourists outside
of Australia in the Pacific. Cath O'Brien's with the Board
of Airline Representatives is with us this morning. Cath, Good morning,
Good morning. How do we compare, How does our recovery
post COVID compare to other countries?
Speaker 9 (11:26):
Yeah, look, I think you know, New Zealand's among those
countries that had its borders closed for longer, so we
are slower to recover. And you know, last Timmer we
enjoyed a great sort of boom recovery from COVID and
saw a lot of travel watches fantastic and saw a
lot of tourists returning to New Zealand. What we're seeing now, though,
is that kind of recovery stop, which is unusual in
(11:50):
the world.
Speaker 10 (11:54):
And unusual and compared to what, yeah, like unusual in
that you know, we've got We've got other countries who
would see tourism continue to grow and New Zealand appears
to be seeing tourism are numbers kind of stalling, which
makes us strange.
Speaker 9 (12:10):
Right, So looking ahead to the summer twenty twenty four,
so airlines have planned their schedules and we can see
that New Zealand as a total country will receive just
two percent more services than we saw last year, which
is far less than we would love to see. So
you know that that is going to bring us to
(12:31):
you a tourists and in a time that that's happening,
you know, to increase our VisiC costs so very deeply
and so suddenly is really counterproductive.
Speaker 3 (12:40):
What is behind us, do you think?
Speaker 9 (12:44):
Yeah, that's a really good question. New Zealand appears to
be losing market share, so we seem to sort of
be losing the fight and being a great place to
go to. You know, there are other nature based economies
that offer far more inexpensive holidays. You know, I'm looking
here at the likes of Indonesia, Thailand, Vietnam. You know,
those economies are seeing some great, some great recoveries and
(13:08):
and noticably Vietnam has taken its visitor a rival charge
to zero to encourage that to happen at New Zealand?
Speaker 3 (13:17):
Does that make a difference? Does that make a difference
because we're obviously going to look at hiking us. Does
it actually stop people?
Speaker 10 (13:24):
Yeah?
Speaker 9 (13:24):
I think it actually really does because it's the total
cost of the journey, and especially when New Zealand is
you know, a really long way away often for many travelers,
a very expensive place to commit to coming to. In
any case, then that to add, you know, hundreds of
dollars of cost, and here we're seeing Jesus rise. A
visitor visa is now three hundred and forty one dollars
(13:45):
for an individual, and then what are we going to
add the international visit Olivia at another hundred dollars on
top of that, So four hundred and forty you haven't
even bought a ticket.
Speaker 3 (13:54):
Yet, Yeah, that's a really good point. Actually, gosh, it
sounds a bloody expensive, doesn't it when you put it that.
Thank you for your time this morning, Cath O'Brien borught
a airline representatives. I can remember traveling around South America,
Central America, that kind of stuff when I was younger,
and the Galapagus Islands. I mean we had to pay
a one hundred dollars I think it was one hundred
(14:14):
US dollars visitor levy. But of course it's the Glaphicas Islands.
Speaker 2 (14:18):
You know.
Speaker 3 (14:18):
You go there because David Edinburgh went there, you know,
and you want to see it all, so you just
pay it. But geez, when you're talking about five hundred
bucks before, as Cat said, you've even bought a ticket.
Twenty four after five the.
Speaker 7 (14:29):
Early Edition Full Show podcast on iHeartRadio powered by News
Talks at Me just.
Speaker 3 (14:34):
Go on twenty six minutes after five. It's still hard,
but still worth it. This is buying a house. There's
new Core Logic data out this morning. It's a housing
affordability report looks at median property values versus median income
for households. Let's put all the details assigned for a
second and cut to the chase. Basically, the good news
for you, houses are worth about ten times household and sorry,
(14:59):
now we're seven point nine percent household income. They were
worth ten times, so that is good news. Also good news,
the time it takes to save for a deposit is
now ten years. I know this is good news because
it's better than the thirteen years that it took in
twenty twenty one. So that's the good news. The bad
(15:19):
news from the start of this morning, mortgage payments fifty
four percent of your median household income fifty four percent,
and that is ten percent above the average. So there's
good news in there's bad news. It's hard but not
impossible for most people and still very much worth it.
Long term values go up, there's the stability of owning
(15:40):
your own place, and there's great stories like this Auckland
twenty year old Lewis Pollock, who was in the news
the other day, left school early, worked in retail, became
a manager. He works hard for his money and he saves,
had no help from his parents, and he's brought his
first house at twenty. He's a homeowner and he's saying
to other young people, you can do it. If you
(16:01):
put your mind to it. Now, I know this is
not possible for everyone. You know, in some circumstances it
just wouldn't allow you to be able to put the
money aside to save. But for most young people it's hard,
but not impossible and well worth the effort. Twenty eight
after five in Bridge brich Lots that come just before six,
(16:24):
we're talking about the ocr which will obviously have an
impact on whether you can afford the house that you
might have just purchased, whether you can afford to make
the mortgage payments on that. We're going to talk to
a Jardin economist just before six for his take. Also
this morning, if you are over sixty and you enjoy
a tipple, well, i'll tell you after our five thirty news,
(16:46):
bad news, bad news for you. Will you listen to
the news. Will you listen to the warnings? Probably not.
Gavin Gray is in the UK a thirteen year old
girl has pleaded guilty to charges in relation to the
riots over in the UK. What has she been charged with?
We'll look at that with Kevin. That is coming up
(17:07):
after the five thirty news as well. You're on news
Talk Sidby.
Speaker 2 (17:38):
Get ahead of.
Speaker 7 (17:38):
The headlines Ryan Bridge You for twenty twenty four on
early edition with Smith City, New Zealand's furniture Bids.
Speaker 2 (17:46):
And a playing store. News Talk SIDB, Good.
Speaker 3 (17:58):
Morning, it is twenty four minutes away from six year
on news Talk said be great to have your company
just before six an economists on today's big OCR decision.
We'll get to that shortly. Also, we're live to the
UK with Gavin Gray right now. If you love a
drink and you are over the age of sixty, listen up.
This is a new big study one hundred and thirty
five adults. They looked at sixty plus. They tracked them
(18:21):
for twelve years. Virtually any amount of alcohol will increase
your risk of cancer from the first drop. You know
that people used to say, oh, one glass of red wine,
that's out. They reckon. There are no heart benefits from
even small amounts of alcohol, so put your drinks down. Interestingly,
(18:42):
the reason that there were serious flaws and previous studies
they reckon because the abstainers as a group include lots
of people who are seriously ill. You know, if you're ill,
you stop drinking and you still have health issues and
you might die earlier. So it made the drinkers look
better because they were counting the of stainers as you know,
(19:06):
sort of a control group anyway, So that was apparently false.
Will this make you stop drinking?
Speaker 11 (19:14):
No?
Speaker 3 (19:15):
Probably not. And do they actually look at social and
you know, you go to the pub, you talk to
your friends, you interact. What about those benefits do they
look at those? What about the mental health benefits from
letting off some steam?
Speaker 9 (19:28):
You know?
Speaker 3 (19:31):
Nineteen is the number to text twenty two.
Speaker 2 (19:33):
To six rayam Bridge.
Speaker 3 (19:35):
We're going to come and Proctor and dned and Culum.
Good morning to you. Two new witnesses are going to
give evidence in this coronial in quest of Locky Jones.
Yea morning, Ryan, that's correct. That will happen today.
Speaker 12 (19:48):
This is Lockey Jones, the three year old who died
in twenty nineteen, found in a Council oxidation pond about
a kilometer from his home. Police quickly concluded the boy
had drowned, but Lockey's father, Paul Jones, believes his son
was murdered. Lockey's half brother, Jonathan Scott, will be called
for a second time today alongside the new witnesses. Back
in May, Scott denied allegations of storing Lockey's body in
(20:11):
a freezer, but did admit to buying cannabis while others searched.
Speaker 3 (20:16):
For his brother on the night he disappeared. Yeah, a
really interesting but sad case. Callen, thank you for that.
How's the weather in Ternedin today? Fine? Today? Northwesterly he's
easing and the high seventeen today, thank you. Blake. Benny
is in christ Church this morning, Blake, good morning to you.
Tell me about this this well, the people calling for
a divorce from Environment Canterbury.
Speaker 4 (20:37):
Yes, so this is our calls for South Island councils
and it simply puts stems from North Otago farmer David Douglas,
who is fed up with too many layers of governance.
He's leading a group campaigning for the Southern councils from
white Tucky to Selwyn to merge into a form of
unitary council. Douglas says the areas have so much in
common and proper governance would work well. He's visiting all
(20:58):
the councils to pitch the of this new breakaway organization,
which would be a combination of a territorial and regional council.
Now Environment Canterbury says it's aware of the discussions but
acknowledges any potential shakeup is a decision for central government.
Speaker 3 (21:14):
How's the weather today? Fine?
Speaker 4 (21:15):
With morning Frost's northerly is developing this afternoon high fourteen brilliant.
Speaker 3 (21:20):
Thank you Max Tols and Wellington Max. I saw this
story on the news last night, this girl's school that's
having to evacuate because there is quake prone building, and
it seemed curious, did the ministry tell them that it
was quite prone or not? What's going on here?
Speaker 13 (21:35):
Yeah, okay, so we spoke to principal Julia Davidson. She
says that the Ministry of Education didn't tell them, but
knew about this quake prone building back in twenty twenty
and didn't do anything about it. And so you've now
got they've discovered this that the building meets fifteen percent
of the standard. The building typicly caters for up to
(21:57):
four hundred kids and teachers. So you've got weeks of
disruption ahead for Wellington Girls College. Students are again learning
from home today they did yesterday as well. Parents are
calling urgent meetings, the school says. The school is again
criticizing the Ministry for not for inaction. The school wants
the building bold, but the principal told us they believe
(22:20):
the ministry just wants to strengthen the block. A few
girls from the school planning and holding a protest on
Parliament's lawn this morning to complain about that government's inaction.
Speaker 3 (22:29):
Well, I've been good on them. I suppose they're not
at school so they'll have time on their hands. Max, Max,
how's the weather today for that protest?
Speaker 13 (22:36):
It should be fine in Northerlya's twelve, the High Central.
Speaker 3 (22:39):
Brilliant, thank you. Neither is in Auckland never. This story
is just frightening.
Speaker 11 (22:45):
It is frightening. So what's happening?
Speaker 6 (22:47):
Is it?
Speaker 11 (22:48):
The Drag Foundation's warning people?
Speaker 10 (22:50):
Now?
Speaker 11 (22:50):
This is after Rinda branded pineapple lollies. They were found
to contain up to three hundred doses of myth. Now
they would donated to the Auckland City Mission for goodness sake,
So the mission obviously had no idea, gave them out
and an unknown number of food parcels and mission in
their Helen Robinson says a recipient told them that the
(23:10):
lollies had a funny taste, and so then they thought well,
bring in them, bring them back in and they had
them tested and the lolly came back showing potentially lethal
levels of meth amphetamine. So the Drug Foundation executive director,
Sarah Helm, We've gone to her and she says, look,
each lolly, this is I can't believe this. Each lolly.
So the rapt lollies contained about three grams of myth,
(23:33):
which is up to three hundred doses.
Speaker 3 (23:36):
It's frightening. The thing is, you'd have to assume, and
this is just speculation, we have to assume that the
whole lolly is meth Yes, three grams, and then you think, well,
why would there be myth? Is it being imported? You know?
And did somebody not realize that these lollies were with it?
That's right?
Speaker 11 (23:54):
I mean where all of this, how this all eventuated?
I mean it's the story of the day here for Auckland,
because we're all talking about in the news and going,
my goodness, and especially for a city mission, for the
Auckland City Mission. Totally you're sitting there, so the police
are on the case anyway, they're now investigating.
Speaker 3 (24:07):
And there's a presser at eleven this morning, isn't there
an't you I'd just like to add my value where
I can go. Man, how's the weather today?
Speaker 4 (24:17):
Fine?
Speaker 11 (24:17):
Partly clouded this afternoon. Auckland's SiGe fifteen brilliant.
Speaker 3 (24:20):
Thank you, it is eighteen minutes away from six News
talks he'd be. 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, the
flagship store is still in its original location and still
one hundred percent New Zealand owned and operated, so shopping
(24:40):
with Smith City supports Kiwi business. They boast eighteen stores
across New Zealand, including the new Wido Park Outlet store
in Auckland, which is now open. They stop everything you
need for your home, including beds, furniture appliances from the
world's leading brands like Samsung, l G Bosh Fisher and
pike Ll Lazy Boys Sleepy Here, just to name a few.
And don't worry about getting the best deal. Brought you
back with a price promise they will match any competitors price,
(25:04):
so why would you shop anywhere else? Even better, they've
teamed up with our mates at Air New Zealand to
bring air points to Smith's City. You can start making
plans for your next holiday and earn airpoints dollars while
you shop. It's a win win. Smith City can deliver
anywhere in New Zealand and has finance options and flexible
payment options to suit any budget. Experience their legendary instore
service or shop online. Smithcity dot co dot.
Speaker 7 (25:25):
NZ International correspondence with Zed Eye Insurance Peace of Mind
for New Zealand Business.
Speaker 3 (25:33):
Kevin Gray is a UK and Europe correspondent. He's with
US Live Gavin Good Morning, Morning Ron. A thirteen year
old girl has pleaded guilty over charges to do with
those riots.
Speaker 14 (25:43):
What for. Yes, this was for a protest to the
hotel housing asylum seekers in Aldershot, to the south and
west of London. It's a former army town. Still got
at big army presence there and prosecutor said the girls
among a crowd gathered outside a hotel well that was
being used to house asylum seekers and she was seen
(26:03):
punching and kicking at the entrance of the hotel. Of
course the asylum seekers inside, I dare say it were
pretty terrified. A police officer was injured when disorder broke
out at the demonstration. There were roughly two hundred protesters
there dating back onto the thirty first of July. The
girl can't be named for legal reasons, and at Basingstone Magistrates'
Court she sat with her parents and it was a
(26:26):
short hearing and the prosecutor said that actually, do you
know what if this had been a girl of sentencing age,
in other words, not a young girl as she was,
then she would have been recommending a two year custodial sentence. Yesterday, Ryan,
two twelve year old boys became the youngest to be
convicted following recent disorder.
Speaker 3 (26:48):
Given a quick update on the wildfires that are riding
near Ethens and Grace.
Speaker 14 (26:54):
Yeah, they've sort of peeped out into smaller hotspots which
are still being fought. But sadly we now know that
there has been at least one victim. It's a sixty
three year old woman whose body was found in a
burnt out factory just on the outskirts of Athen, the
first confirmed victim of the far that's torn through one
hundred thousand acres of land, leaving dozens more injured. Colleagues
(27:15):
said she'd been too scared to jump from the building
as the flames came close, and she then became trapped
inside and died. So this situation still very very tense
in Greece, particularly around Athens, with the temperature still very high.
Speaker 3 (27:31):
Kevin, thanks so much for that, Kevin Gray, UK europe correspondent.
It is twelve to six, Ryan Bridge, and it is
ocr day today. Economists, well, I mean take you pick
some say one thing, some say another ASB predicting a
cut of twenty five basis points B and zied Kiwi
Bank also think that they will cut a in zid.
Isn't rolling out a cut that's sitting on the fence,
(27:52):
isn't it? West Pek and Kiwi Bank think rates will
be held. John Kern is a Jardin economists, investment strategists
and crystal ballgeyser. He's with us this morning.
Speaker 5 (28:00):
Hey John, Yeah, good morning, Ryan.
Speaker 3 (28:03):
What are you picking?
Speaker 2 (28:04):
Cut?
Speaker 3 (28:04):
Hoold engage? What's he going to do?
Speaker 5 (28:06):
Look, I'm erring on the side of a hold today.
It is a close run thing though, and we can
see that through the disparity of views. We're seen.
Speaker 3 (28:19):
How important is the language that's used around the decision.
Speaker 5 (28:24):
I think it will be incredibly important I mean, this
is a full monetary policy statement out today, so this
will have refreshed forecasts or predictions from the Reserve Bank,
and I expect that although they may hold today, they
will signal that interest rate cuts are coming very soon,
(28:48):
much sooner than they previously indicated.
Speaker 3 (28:51):
What will that mean for mortgages If they signal cuts
are coming to do mortgages rates drop?
Speaker 1 (29:00):
Yes?
Speaker 5 (29:00):
I think they will because what happens is the banks
anticipate cuts down the track, and particularly for those fixed
term interest rates, the one and two year, three year rates,
you will see most likely some cuts to those rates,
(29:21):
even if the Reserve Bank stays on hold, but signals
that cuts are coming, perhaps as early as October.
Speaker 3 (29:30):
Okay, well that sounds promising. We'll have to wait and see, obviously,
for two pm this afternoon. Asb reckons that we're effectively
under three percent inflation, now, I mean, obviously there's a
time lag with data, etc. Do you agree with that?
Speaker 5 (29:43):
Yeah, I think I do agree with that. There is
very clear that inflation is coming down. Then even the
Reserve Bank admits that they'll be within their one three
percent target band by the third quarter of this year,
So you know, it's quite clear, and people are expecting
that too. Inflation expectations are coming down and they are
(30:06):
expecting things to ease off further.
Speaker 3 (30:09):
All right, John, thanks so much for your predictions. Hold
from John, but expecting some language softening around cuts later
this year. John Karen is the Jardin economist and investment strategist.
It has just gone nine minutes away from six y're
on news Talk, said B. Interestingly, when it comes to
the time lag, the delay when rates were rising, people
(30:33):
had fixed at lower rates for longer, so you go
long and low when rates are low, and as they
started rising, it takes longer for that to kick in,
whereas now you know, people are shorter and higher. You're
going six months or a year, so actually the effect
should be more immediate on the way down than it
(30:54):
is on the way up. It is nine away from six.
Speaker 7 (31:01):
On your radio and online on iHeartRadio. Early edition with
Ryan Bridge and Smith City, New Zealand's Furniture, Beds and
a playing Store on news Talk, said B.
Speaker 3 (31:11):
Good morning, you're an early edition on news Talk, said B.
And it is six to six. Mike Hosking is here.
Good morning, Mike morning.
Speaker 15 (31:18):
Quick quiz for you want to play a quiz game.
Speaker 3 (31:20):
You okay it when you do this? Times you asked
me times tables and I sound stupid.
Speaker 15 (31:25):
No, it's not timetables. It's just it's an interesting thing.
It's one of the most interesting pieces of news. I
think I've gotten the last twenty four hours. Now, if
you've seen the story, don't pretend you haven't seen the story,
so you then look like a genius. Okay, okay, because
this is one of those things that I think you're
going to be surprised. What percentage of garages in this country?
Speaker 3 (31:45):
Oh, I haven't seen this a carpeted Oh.
Speaker 15 (31:49):
Would you wenty twenty percent? See now, I would have
gone fifty to fifty personally?
Speaker 3 (31:53):
Really? Oh yeah, absolutely, I've never even stepped foot in
a carpeted garage. Are you poor? Clearly?
Speaker 15 (32:02):
So the answer the answer is the answer.
Speaker 3 (32:08):
Why would you drive on carpet?
Speaker 15 (32:10):
Because look, I've got carpeted garages, and I've always had
I've always had carpet of garages. And once you have carpet,
there's no there's no way back.
Speaker 3 (32:16):
Do you know I don't even have a garage.
Speaker 2 (32:18):
Oh no, wonder you are poor?
Speaker 3 (32:20):
Back on the streets.
Speaker 15 (32:21):
Oh, for goodness, say what happened to your contract?
Speaker 9 (32:23):
To you?
Speaker 15 (32:23):
Normally I think you must be the only Zibbie host
who doesn't have a garage. Now something's gone wrong there anyway.
The answer, the answer is ninety three percent.
Speaker 3 (32:33):
No, it's not yes, it is. I don't believe it.
Speaker 15 (32:35):
It's well, it's it's the So the ike of people
did this big survey around New Zealand, right because they're
coming to the country and they're working out what we
feel about homes. What's important? You know, what's the dream?
You know, renovations of a kitchen turns out.
Speaker 3 (32:47):
To be it's a line.
Speaker 15 (32:48):
They're lying ninety three percent. You can't lie when you
go to somebody's house and go do you have a
carpet of garage?
Speaker 3 (32:54):
They're not going to go. So they went did they check?
Speaker 15 (32:57):
They feel that what you now do is impugning the
reputation about Keia, one of the biggest global players in
the furniture market in the world.
Speaker 3 (33:05):
Was there. Do you have underlay when your course you've got?
Of course you do.
Speaker 15 (33:10):
Of course, of course you don't just go yes, you
soften it up. Have you never seen Garrett Well for
a person it hasn't even got a garage. I don't
even know why I'm talking to you about this, but
isn't that a stunning number? I think it's lone ninety
three percent?
Speaker 3 (33:24):
Anyway.
Speaker 15 (33:24):
The other thing the problem with houses in this country
is the entrance way is cluttered. The vast majority of
New Zealand entrance.
Speaker 3 (33:32):
Ways you have cut and so the time on your hand. No,
you've got key.
Speaker 15 (33:36):
No, this is how they're stocking their stores, right.
Speaker 3 (33:40):
Is that?
Speaker 15 (33:40):
What you need is something nice here in the entrance
way so you're not dropping your keys on the floor
or putting the kids.
Speaker 3 (33:44):
Say so, you have been hoodwink by marketing genius. No,
I don't.
Speaker 15 (33:48):
I am surprised at ninety three and I would be
tempted to agree with you that it's a stunningly large number.
A stunningly large number. But do you think of all
the new builds in this country. Most people would go
up and on their garage when they're doing a new build.
It's like heat pumps, isn't it.
Speaker 9 (34:03):
Jeez?
Speaker 3 (34:04):
If I had time right, we could relate their hopes.
Speaker 15 (34:07):
We could really go down this right hole.
Speaker 3 (34:09):
I'll see you tomorrow. Mike's next.
Speaker 2 (34:15):
For more from News Talk st B. Listen live on
air or online, and
Speaker 7 (34:19):
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 New Stalks.
Speaker 2 (00:15):
It'd be good morning.
Speaker 3 (00:16):
It is six after five, coming up this morning before six.
Adrianaw's big day today. Willy drop, Willie hold, We'll look
at that. Gavin Gray's in the UK. A thirteen year
old girl is pleading guilty over the riots there, but
for what we'll ask him. Before five point thirty We've
got the Board of Airline Reps on tourism data not
looking good there. It is six after five.
Speaker 2 (00:39):
The agenda, and it.
Speaker 3 (00:41):
Is when stay the fourteenth of August. Tensions are continuing
to rise in the Middle East, with fairs that Iran
could attack Israel as soon as this week. I know
they have been saying that for a couple of weeks now.
The US is sending one of its aircraft carriers, the
USS Abraham Lincoln, to the region, as well as the
USS Georgia submarine. US officials so they want to see
de escalation, not war. What we're focused on is continuing
(01:05):
to de escalate diplomatically.
Speaker 4 (01:07):
Our hope in our intent is to make sure that
an attack doesn't happen.
Speaker 3 (01:12):
Housing of full affordability remains low despite dropping property values
and rising incomes. Poor Objects says the time needed to
save for a deposit is the lowest since COVID, at
just over ten years. That compares to thirteen years to
save back in COVID days. Meanwhile, rent is consuming twenty
eight percent of household income, the most in at least
(01:33):
twenty years. Chief property economist Calvin davids And says the
full picture is still far from ideal.
Speaker 5 (01:39):
There's still a lot of strain on the market.
Speaker 6 (01:41):
Housing affordability has improved a little bit on.
Speaker 5 (01:43):
Some measures and not on others, so there's still pressure there.
Morlgitrates something and really still the key challenge.
Speaker 6 (01:48):
For a lot of people.
Speaker 3 (01:49):
Nas Is Mars insight lander has discovered water below the
surface of the Red planet.
Speaker 2 (01:55):
Excuse me.
Speaker 3 (01:56):
It's been recording seizemic activity on the planet for the
past four years, with analysis showing that seismic signals of
liquid water believed to be ten to twenty kilometers below
the surface. The desert like planet shows signs there were
at once rivers, oceans, and lakes on the surface. More
than three billion years ago.
Speaker 7 (02:16):
News and Views you trust to start your day is
early edition with Ryan Bridge and Smith City, New Zealand's
furniture beds and a flying store.
Speaker 2 (02:25):
News Talk said they.
Speaker 3 (02:27):
We start this morning with this really rarely concerning story
about lollies. The Auckland City Mission is warning there are
potentially lethal levels of methan fettering and donated lollies that
were given out in food parcels. Somebody ate one fell
ill and the testing three hundred doses and one lolly
(02:49):
three hundred doses of meth in one lolly. Police say
that these lollies may have been distributed over several weeks
in Auckland. So if you have in your possession a
Render brand pineapple lolly, retail sized packages apparently were handed out.
If you have one of those, or if you know
somebody who gets food parcels, please let them know do
(03:13):
not eat these. Contact the City Mission and contact the police.
These are Render brand Pineapple lollies. They tested one lolly
and it had three grams of meth in it. Three
grams in one lolly, you'd have to imagine it's the
whole lolly is just meth. The average the common dose
is ten to twenty five milligrams, so up to three
(03:37):
hundred doses in one lolly. So yeah, please please if
you know anyone who gets food parcels, if you get
food parcels, do not consume them. Please call the police.
And he begs the question, doesn't it Did somebody do
this deliberately? Did you know with somebody importing meth and
these ended up in the wrong hands by accident? I
don't know. But they're going to have a press conference,
(03:58):
that is the City Mission and the Drug Foundation at
about eleven o'clock this morning, just gone ten after five.
Big day today obviously, our fight against inflation, our ocr
announcement that is two pm today. In the US overnight
the down s and P five hundred were up. They
had some good inflation data in that it was weaker
than expected the July Producer Price Index. All eyes on
(04:23):
their CPI and their retail sales figures which are coming
out in the next couple of days. But it's good
news in a sense, isn't it for the US? And
they'll be looking for a rate cut as are we today.
Speaker 8 (04:37):
T five still find so much you.
Speaker 7 (04:54):
The news you need this morning and the in depth
analysis early edition with Ryan Bridge and this City, New
Zealand's furniture beds had a playing store News.
Speaker 3 (05:03):
Talk, said Bird, seen after five on news Talk said
b Brad, I agree with you, Brad as text in
nine two nine two. The number can't see adriena or
cutting early. He will wait until next time, but his
monetary policy wording will change to strongly looking at a
cut in the near future. I think you might be
on the money there. It'll be all about the wording
(05:25):
around it, rather than him actually coming out today and
saying yep, we're cut cutting rates. That is happening at
two pm, thirteen after five. Now the government's taking genetic
editing out of the lab that's been confirmed from as
early as next year. Low risk and well understood gene
technologies can be used outside of the laboratory settings without
(05:46):
any regulation. It's been banned for thirty years. A dedicated
regulator will be set up to manage the gene technologies.
And Michael Buntz is with the Otaga University in Curtain University,
is a professor genetics expert. He's with us this morning. Mike,
Good morning, Good morning Ryan. What has changed in genomencing
(06:06):
since nineteen ninety six or since the late nineties.
Speaker 6 (06:11):
An awful lot since over the last thirty years, we've
gone from things like the human genome costing four billion
dollars and taking a decade complete to now been done
for about one thousand dollars in a day. And we've
had the advent of new things, you know, other jargon
such as CRISPA, which is the ability to edit genes.
So we've got lots of genetic information out there, and
(06:34):
we've got the ability to sort of find and replace
function within the genome if you like.
Speaker 3 (06:38):
So it's quicker, it's more efficient. Is it safer?
Speaker 2 (06:43):
Yes, it is.
Speaker 6 (06:44):
So these new precision editing tools, as I said, it's
a bit of a fine and replaced within a document,
so we're able to sort of look for a specific
word within a document and replace it with another piece
of genetic code quite easily. So it's moved into the
realm of called precision editing. So we've always edited the
DNA of the organisms around us, especially things like crops
(07:06):
et cetera, because they we've done it through selective breeding
over thousands of years, but that is speeding up this.
So now we've got these gene editing tools which are
sort of almost indistinguishable away from from domestic breeding that's
occurred over over decades.
Speaker 3 (07:23):
So we've been doing this outside already, and now we're
going to be able to do it in the labs.
Speaker 6 (07:31):
Oh, we've been you know, I guess that that through
that domestication process and choosing different variants right similar golden
kiwi fruit. We've been doing it for I think, and
now we're going to sort of like speed up that process.
And and you know what, the government has signaled in
this new gene Technology bill, and we're still light on
details about what it's going to do, but it's going
to it's going to bring us in line with what's
(07:51):
happening internationally. We're saying some of these low risk applications,
we're going to move away from, you know, a fully
precautionary approach that we've got in the moment into into
something that's slightly more permissive.
Speaker 3 (08:04):
And slightly more grown up in the approach. We're taking
what there's a pine tree example that you talk about.
What is that?
Speaker 6 (08:14):
Yeah, well, there's lots of applications of the gene technology.
We're using it for making medicines such as in zelin.
At the moment, we're using it for cancer cells. But
when we're talking about you know, planting things in New
Zealand for the first time. We've got lots of genetically
modified organisms in New Zealand at the moment in terms
of medicines and food. But when we're talking about using
(08:37):
it actually growing our own material in New Zealand, we've
got to look at examples of that. Or one of
those examples is a sterile pine tree. So we know
about the problem of wilding pines in New Zealand that
they spread into the conservation estate and onto farmlands. And
you know, one of the applications that's been touted is
just when you put a pine tree in the ground,
(08:59):
if it can't reap juice, stays where it is, so
we don't end up with this big seed bank sort
of moving all around New Zealand.
Speaker 3 (09:07):
So we can desecx pine trees.
Speaker 6 (09:10):
We can, and that you know, Scion has been developing
that technology for years and you know, a huge industry
for New Zealand, but also a major environmental problems. So
these are the sort of win win examples that the
government wants to take a closer look at rather than
this sort of quite precautionary approach. So it's not really
(09:32):
been banned in New Zealand. That's the wrong set of technology,
but it's been so precautionary and there's been so much
red tape and hoop jumping that's going on that it's
starting to create problems for us.
Speaker 3 (09:46):
Really interesting and I'm very excited to see where some
of this research might lead. It's Michael Buntz. He is
a genetics expert. He's with Otaga and Kirton University as
a professor. Eighteen minutes after five. Coming up next, we're
going to look at tourism. Why is our post COVID boom,
well not boom, but recovery starting to falter.
Speaker 7 (10:09):
The first word on the News of the Day early
edition with Ryan Bridge and Smith City, New Zealand's furniture
Beds and a playing store.
Speaker 2 (10:17):
News Talk said, good.
Speaker 3 (10:18):
Morning, it's five point twenty on Ryan Bridge and if
you like a drink and you're over sixty, bad news
for you. Coming up just after five point thirty. Also,
quick update on the situation in Russia. This is Ukraine's
incursion into Russia. Zelensky has said he is not interested
in holding this land. He says Poutin must be forced
into peace negotiations, so they're basically going to continue this
(10:42):
offensive until Moscow agrees to peace. Twenty one after five. Now,
our tourism recovery appears to have stalled. The number of
overseas arrivals reached three point two million in the year
a joune. That sounds good, but it's down seventeen percent
on pre pandemic peaks and still hovering it around eighty
percent of pre COVID levels for the year. It comes
(11:05):
at a time where visa charges are going up in
the international visitor levy could rise by as much as
three times to one hundred dollars for many tourists outside
of Australia in the Pacific. Cath O'Brien's with the Board
of Airline Representatives is with us this morning. Cath, Good morning,
Good morning. How do we compare, How does our recovery
post COVID compare to other countries?
Speaker 9 (11:26):
Yeah, look, I think you know, New Zealand's among those
countries that had its borders closed for longer, so we
are slower to recover. And you know, last Timmer we
enjoyed a great sort of boom recovery from COVID and
saw a lot of travel watches fantastic and saw a
lot of tourists returning to New Zealand. What we're seeing now, though,
is that kind of recovery stop, which is unusual in
(11:50):
the world.
Speaker 10 (11:54):
And unusual and compared to what, yeah, like unusual in
that you know, we've got We've got other countries who
would see tourism continue to grow and New Zealand appears
to be seeing tourism are numbers kind of stalling, which
makes us strange.
Speaker 9 (12:10):
Right, So looking ahead to the summer twenty twenty four,
so airlines have planned their schedules and we can see
that New Zealand as a total country will receive just
two percent more services than we saw last year, which
is far less than we would love to see. So
you know that that is going to bring us to
(12:31):
you a tourists and in a time that that's happening,
you know, to increase our VisiC costs so very deeply
and so suddenly is really counterproductive.
Speaker 3 (12:40):
What is behind us, do you think?
Speaker 9 (12:44):
Yeah, that's a really good question. New Zealand appears to
be losing market share, so we seem to sort of
be losing the fight and being a great place to
go to. You know, there are other nature based economies
that offer far more inexpensive holidays. You know, I'm looking
here at the likes of Indonesia, Thailand, Vietnam. You know,
those economies are seeing some great, some great recoveries and
(13:08):
and noticably Vietnam has taken its visitor a rival charge
to zero to encourage that to happen at New Zealand?
Speaker 3 (13:17):
Does that make a difference? Does that make a difference
because we're obviously going to look at hiking us. Does
it actually stop people?
Speaker 10 (13:24):
Yeah?
Speaker 9 (13:24):
I think it actually really does because it's the total
cost of the journey, and especially when New Zealand is
you know, a really long way away often for many travelers,
a very expensive place to commit to coming to. In
any case, then that to add, you know, hundreds of
dollars of cost, and here we're seeing Jesus rise. A
visitor visa is now three hundred and forty one dollars
(13:45):
for an individual, and then what are we going to
add the international visit Olivia at another hundred dollars on
top of that, So four hundred and forty you haven't
even bought a ticket.
Speaker 3 (13:54):
Yet, Yeah, that's a really good point. Actually, gosh, it
sounds a bloody expensive, doesn't it when you put it that.
Thank you for your time this morning, Cath O'Brien borught
a airline representatives. I can remember traveling around South America,
Central America, that kind of stuff when I was younger,
and the Galapagus Islands. I mean we had to pay
a one hundred dollars I think it was one hundred
(14:14):
US dollars visitor levy. But of course it's the Glaphicas Islands.
Speaker 2 (14:18):
You know.
Speaker 3 (14:18):
You go there because David Edinburgh went there, you know,
and you want to see it all, so you just
pay it. But geez, when you're talking about five hundred
bucks before, as Cat said, you've even bought a ticket.
Twenty four after five the.
Speaker 7 (14:29):
Early Edition Full Show podcast on iHeartRadio powered by News
Talks at Me just.
Speaker 3 (14:34):
Go on twenty six minutes after five. It's still hard,
but still worth it. This is buying a house. There's
new Core Logic data out this morning. It's a housing
affordability report looks at median property values versus median income
for households. Let's put all the details assigned for a
second and cut to the chase. Basically, the good news
for you, houses are worth about ten times household and sorry,
(14:59):
now we're seven point nine percent household income. They were
worth ten times, so that is good news. Also good news,
the time it takes to save for a deposit is
now ten years. I know this is good news because
it's better than the thirteen years that it took in
twenty twenty one. So that's the good news. The bad
(15:19):
news from the start of this morning, mortgage payments fifty
four percent of your median household income fifty four percent,
and that is ten percent above the average. So there's
good news in there's bad news. It's hard but not
impossible for most people and still very much worth it.
Long term values go up, there's the stability of owning
(15:40):
your own place, and there's great stories like this Auckland
twenty year old Lewis Pollock, who was in the news
the other day, left school early, worked in retail, became
a manager. He works hard for his money and he saves,
had no help from his parents, and he's brought his
first house at twenty. He's a homeowner and he's saying
to other young people, you can do it. If you
(16:01):
put your mind to it. Now, I know this is
not possible for everyone. You know, in some circumstances it
just wouldn't allow you to be able to put the
money aside to save. But for most young people it's hard,
but not impossible and well worth the effort. Twenty eight
after five in Bridge brich Lots that come just before six,
(16:24):
we're talking about the ocr which will obviously have an
impact on whether you can afford the house that you
might have just purchased, whether you can afford to make
the mortgage payments on that. We're going to talk to
a Jardin economist just before six for his take. Also
this morning, if you are over sixty and you enjoy
a tipple, well, i'll tell you after our five thirty news,
(16:46):
bad news, bad news for you. Will you listen to
the news. Will you listen to the warnings? Probably not.
Gavin Gray is in the UK a thirteen year old
girl has pleaded guilty to charges in relation to the
riots over in the UK. What has she been charged with?
We'll look at that with Kevin. That is coming up
(17:07):
after the five thirty news as well. You're on news
Talk Sidby.
Speaker 2 (17:38):
Get ahead of.
Speaker 7 (17:38):
The headlines Ryan Bridge You for twenty twenty four on
early edition with Smith City, New Zealand's furniture Bids.
Speaker 2 (17:46):
And a playing store. News Talk SIDB, Good.
Speaker 3 (17:58):
Morning, it is twenty four minutes away from six year
on news Talk said be great to have your company
just before six an economists on today's big OCR decision.
We'll get to that shortly. Also, we're live to the
UK with Gavin Gray right now. If you love a
drink and you are over the age of sixty, listen up.
This is a new big study one hundred and thirty
five adults. They looked at sixty plus. They tracked them
(18:21):
for twelve years. Virtually any amount of alcohol will increase
your risk of cancer from the first drop. You know
that people used to say, oh, one glass of red wine,
that's out. They reckon. There are no heart benefits from
even small amounts of alcohol, so put your drinks down. Interestingly,
(18:42):
the reason that there were serious flaws and previous studies
they reckon because the abstainers as a group include lots
of people who are seriously ill. You know, if you're ill,
you stop drinking and you still have health issues and
you might die earlier. So it made the drinkers look
better because they were counting the of stainers as you know,
(19:06):
sort of a control group anyway, So that was apparently false.
Will this make you stop drinking?
Speaker 11 (19:14):
No?
Speaker 3 (19:15):
Probably not. And do they actually look at social and
you know, you go to the pub, you talk to
your friends, you interact. What about those benefits do they
look at those? What about the mental health benefits from
letting off some steam?
Speaker 9 (19:28):
You know?
Speaker 3 (19:31):
Nineteen is the number to text twenty two.
Speaker 2 (19:33):
To six rayam Bridge.
Speaker 3 (19:35):
We're going to come and Proctor and dned and Culum.
Good morning to you. Two new witnesses are going to
give evidence in this coronial in quest of Locky Jones.
Yea morning, Ryan, that's correct. That will happen today.
Speaker 12 (19:48):
This is Lockey Jones, the three year old who died
in twenty nineteen, found in a Council oxidation pond about
a kilometer from his home. Police quickly concluded the boy
had drowned, but Lockey's father, Paul Jones, believes his son
was murdered. Lockey's half brother, Jonathan Scott, will be called
for a second time today alongside the new witnesses. Back
in May, Scott denied allegations of storing Lockey's body in
(20:11):
a freezer, but did admit to buying cannabis while others searched.
Speaker 3 (20:16):
For his brother on the night he disappeared. Yeah, a
really interesting but sad case. Callen, thank you for that.
How's the weather in Ternedin today? Fine? Today? Northwesterly he's
easing and the high seventeen today, thank you. Blake. Benny
is in christ Church this morning, Blake, good morning to you.
Tell me about this this well, the people calling for
a divorce from Environment Canterbury.
Speaker 4 (20:37):
Yes, so this is our calls for South Island councils
and it simply puts stems from North Otago farmer David Douglas,
who is fed up with too many layers of governance.
He's leading a group campaigning for the Southern councils from
white Tucky to Selwyn to merge into a form of
unitary council. Douglas says the areas have so much in
common and proper governance would work well. He's visiting all
(20:58):
the councils to pitch the of this new breakaway organization,
which would be a combination of a territorial and regional council.
Now Environment Canterbury says it's aware of the discussions but
acknowledges any potential shakeup is a decision for central government.
Speaker 3 (21:14):
How's the weather today? Fine?
Speaker 4 (21:15):
With morning Frost's northerly is developing this afternoon high fourteen brilliant.
Speaker 3 (21:20):
Thank you Max Tols and Wellington Max. I saw this
story on the news last night, this girl's school that's
having to evacuate because there is quake prone building, and
it seemed curious, did the ministry tell them that it
was quite prone or not? What's going on here?
Speaker 13 (21:35):
Yeah, okay, so we spoke to principal Julia Davidson. She
says that the Ministry of Education didn't tell them, but
knew about this quake prone building back in twenty twenty
and didn't do anything about it. And so you've now
got they've discovered this that the building meets fifteen percent
of the standard. The building typicly caters for up to
(21:57):
four hundred kids and teachers. So you've got weeks of
disruption ahead for Wellington Girls College. Students are again learning
from home today they did yesterday as well. Parents are
calling urgent meetings, the school says. The school is again
criticizing the Ministry for not for inaction. The school wants
the building bold, but the principal told us they believe
(22:20):
the ministry just wants to strengthen the block. A few
girls from the school planning and holding a protest on
Parliament's lawn this morning to complain about that government's inaction.
Speaker 3 (22:29):
Well, I've been good on them. I suppose they're not
at school so they'll have time on their hands. Max, Max,
how's the weather today for that protest?
Speaker 13 (22:36):
It should be fine in Northerlya's twelve, the High Central.
Speaker 3 (22:39):
Brilliant, thank you. Neither is in Auckland never. This story
is just frightening.
Speaker 11 (22:45):
It is frightening. So what's happening?
Speaker 6 (22:47):
Is it?
Speaker 11 (22:48):
The Drag Foundation's warning people?
Speaker 10 (22:50):
Now?
Speaker 11 (22:50):
This is after Rinda branded pineapple lollies. They were found
to contain up to three hundred doses of myth. Now
they would donated to the Auckland City Mission for goodness sake,
So the mission obviously had no idea, gave them out
and an unknown number of food parcels and mission in
their Helen Robinson says a recipient told them that the
(23:10):
lollies had a funny taste, and so then they thought well,
bring in them, bring them back in and they had
them tested and the lolly came back showing potentially lethal
levels of meth amphetamine. So the Drug Foundation executive director,
Sarah Helm, We've gone to her and she says, look,
each lolly, this is I can't believe this. Each lolly.
So the rapt lollies contained about three grams of myth,
(23:33):
which is up to three hundred doses.
Speaker 3 (23:36):
It's frightening. The thing is, you'd have to assume, and
this is just speculation, we have to assume that the
whole lolly is meth Yes, three grams, and then you think, well,
why would there be myth? Is it being imported? You know?
And did somebody not realize that these lollies were with it?
That's right?
Speaker 11 (23:54):
I mean where all of this, how this all eventuated?
I mean it's the story of the day here for Auckland,
because we're all talking about in the news and going,
my goodness, and especially for a city mission, for the
Auckland City Mission. Totally you're sitting there, so the police
are on the case anyway, they're now investigating.
Speaker 3 (24:07):
And there's a presser at eleven this morning, isn't there
an't you I'd just like to add my value where
I can go. Man, how's the weather today?
Speaker 4 (24:17):
Fine?
Speaker 11 (24:17):
Partly clouded this afternoon. Auckland's SiGe fifteen brilliant.
Speaker 3 (24:20):
Thank you, it is eighteen minutes away from six News
talks he'd be. 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, the
flagship store is still in its original location and still
one hundred percent New Zealand owned and operated, so shopping
(24:40):
with Smith City supports Kiwi business. They boast eighteen stores
across New Zealand, including the new Wido Park Outlet store
in Auckland, which is now open. They stop everything you
need for your home, including beds, furniture appliances from the
world's leading brands like Samsung, l G Bosh Fisher and
pike Ll Lazy Boys Sleepy Here, just to name a few.
And don't worry about getting the best deal. Brought you
back with a price promise they will match any competitors price,
(25:04):
so why would you shop anywhere else? Even better, they've
teamed up with our mates at Air New Zealand to
bring air points to Smith's City. You can start making
plans for your next holiday and earn airpoints dollars while
you shop. It's a win win. Smith City can deliver
anywhere in New Zealand and has finance options and flexible
payment options to suit any budget. Experience their legendary instore
service or shop online. Smithcity dot co dot.
Speaker 7 (25:25):
NZ International correspondence with Zed Eye Insurance Peace of Mind
for New Zealand Business.
Speaker 3 (25:33):
Kevin Gray is a UK and Europe correspondent. He's with
US Live Gavin Good Morning, Morning Ron. A thirteen year
old girl has pleaded guilty over charges to do with
those riots.
Speaker 14 (25:43):
What for. Yes, this was for a protest to the
hotel housing asylum seekers in Aldershot, to the south and
west of London. It's a former army town. Still got
at big army presence there and prosecutor said the girls
among a crowd gathered outside a hotel well that was
being used to house asylum seekers and she was seen
(26:03):
punching and kicking at the entrance of the hotel. Of
course the asylum seekers inside, I dare say it were
pretty terrified. A police officer was injured when disorder broke
out at the demonstration. There were roughly two hundred protesters
there dating back onto the thirty first of July. The
girl can't be named for legal reasons, and at Basingstone Magistrates'
Court she sat with her parents and it was a
(26:26):
short hearing and the prosecutor said that actually, do you
know what if this had been a girl of sentencing age,
in other words, not a young girl as she was,
then she would have been recommending a two year custodial sentence. Yesterday, Ryan,
two twelve year old boys became the youngest to be
convicted following recent disorder.
Speaker 3 (26:48):
Given a quick update on the wildfires that are riding
near Ethens and Grace.
Speaker 14 (26:54):
Yeah, they've sort of peeped out into smaller hotspots which
are still being fought. But sadly we now know that
there has been at least one victim. It's a sixty
three year old woman whose body was found in a
burnt out factory just on the outskirts of Athen, the
first confirmed victim of the far that's torn through one
hundred thousand acres of land, leaving dozens more injured. Colleagues
(27:15):
said she'd been too scared to jump from the building
as the flames came close, and she then became trapped
inside and died. So this situation still very very tense
in Greece, particularly around Athens, with the temperature still very high.
Speaker 3 (27:31):
Kevin, thanks so much for that, Kevin Gray, UK europe correspondent.
It is twelve to six, Ryan Bridge, and it is
ocr day today. Economists, well, I mean take you pick
some say one thing, some say another ASB predicting a
cut of twenty five basis points B and zied Kiwi
Bank also think that they will cut a in zid.
Isn't rolling out a cut that's sitting on the fence,
(27:52):
isn't it? West Pek and Kiwi Bank think rates will
be held. John Kern is a Jardin economists, investment strategists
and crystal ballgeyser. He's with us this morning.
Speaker 5 (28:00):
Hey John, Yeah, good morning, Ryan.
Speaker 3 (28:03):
What are you picking?
Speaker 2 (28:04):
Cut?
Speaker 3 (28:04):
Hoold engage? What's he going to do?
Speaker 5 (28:06):
Look, I'm erring on the side of a hold today.
It is a close run thing though, and we can
see that through the disparity of views. We're seen.
Speaker 3 (28:19):
How important is the language that's used around the decision.
Speaker 5 (28:24):
I think it will be incredibly important I mean, this
is a full monetary policy statement out today, so this
will have refreshed forecasts or predictions from the Reserve Bank,
and I expect that although they may hold today, they
will signal that interest rate cuts are coming very soon,
(28:48):
much sooner than they previously indicated.
Speaker 3 (28:51):
What will that mean for mortgages If they signal cuts
are coming to do mortgages rates drop?
Speaker 1 (29:00):
Yes?
Speaker 5 (29:00):
I think they will because what happens is the banks
anticipate cuts down the track, and particularly for those fixed
term interest rates, the one and two year, three year rates,
you will see most likely some cuts to those rates,
(29:21):
even if the Reserve Bank stays on hold, but signals
that cuts are coming, perhaps as early as October.
Speaker 3 (29:30):
Okay, well that sounds promising. We'll have to wait and see, obviously,
for two pm this afternoon. Asb reckons that we're effectively
under three percent inflation, now, I mean, obviously there's a
time lag with data, etc. Do you agree with that?
Speaker 5 (29:43):
Yeah, I think I do agree with that. There is
very clear that inflation is coming down. Then even the
Reserve Bank admits that they'll be within their one three
percent target band by the third quarter of this year,
So you know, it's quite clear, and people are expecting
that too. Inflation expectations are coming down and they are
(30:06):
expecting things to ease off further.
Speaker 3 (30:09):
All right, John, thanks so much for your predictions. Hold
from John, but expecting some language softening around cuts later
this year. John Karen is the Jardin economist and investment strategist.
It has just gone nine minutes away from six y're
on news Talk, said B. Interestingly, when it comes to
the time lag, the delay when rates were rising, people
(30:33):
had fixed at lower rates for longer, so you go
long and low when rates are low, and as they
started rising, it takes longer for that to kick in,
whereas now you know, people are shorter and higher. You're
going six months or a year, so actually the effect
should be more immediate on the way down than it
(30:54):
is on the way up. It is nine away from six.
Speaker 7 (31:01):
On your radio and online on iHeartRadio. Early edition with
Ryan Bridge and Smith City, New Zealand's Furniture, Beds and
a playing Store on news Talk, said B.
Speaker 3 (31:11):
Good morning, you're an early edition on news Talk, said B.
And it is six to six. Mike Hosking is here.
Good morning, Mike morning.
Speaker 15 (31:18):
Quick quiz for you want to play a quiz game.
Speaker 3 (31:20):
You okay it when you do this? Times you asked
me times tables and I sound stupid.
Speaker 15 (31:25):
No, it's not timetables. It's just it's an interesting thing.
It's one of the most interesting pieces of news. I
think I've gotten the last twenty four hours. Now, if
you've seen the story, don't pretend you haven't seen the story,
so you then look like a genius. Okay, okay, because
this is one of those things that I think you're
going to be surprised. What percentage of garages in this country?
Speaker 3 (31:45):
Oh, I haven't seen this a carpeted Oh.
Speaker 15 (31:49):
Would you wenty twenty percent? See now, I would have
gone fifty to fifty personally?
Speaker 3 (31:53):
Really? Oh yeah, absolutely, I've never even stepped foot in
a carpeted garage. Are you poor? Clearly?
Speaker 15 (32:02):
So the answer the answer is the answer.
Speaker 3 (32:08):
Why would you drive on carpet?
Speaker 15 (32:10):
Because look, I've got carpeted garages, and I've always had
I've always had carpet of garages. And once you have carpet,
there's no there's no way back.
Speaker 3 (32:16):
Do you know I don't even have a garage.
Speaker 2 (32:18):
Oh no, wonder you are poor?
Speaker 3 (32:20):
Back on the streets.
Speaker 15 (32:21):
Oh, for goodness, say what happened to your contract?
Speaker 9 (32:23):
To you?
Speaker 15 (32:23):
Normally I think you must be the only Zibbie host
who doesn't have a garage. Now something's gone wrong there anyway.
The answer, the answer is ninety three percent.
Speaker 3 (32:33):
No, it's not yes, it is. I don't believe it.
Speaker 15 (32:35):
It's well, it's it's the So the ike of people
did this big survey around New Zealand, right because they're
coming to the country and they're working out what we
feel about homes. What's important? You know, what's the dream?
You know, renovations of a kitchen turns out.
Speaker 3 (32:47):
To be it's a line.
Speaker 15 (32:48):
They're lying ninety three percent. You can't lie when you
go to somebody's house and go do you have a
carpet of garage?
Speaker 3 (32:54):
They're not going to go. So they went did they check?
Speaker 15 (32:57):
They feel that what you now do is impugning the
reputation about Keia, one of the biggest global players in
the furniture market in the world.
Speaker 3 (33:05):
Was there. Do you have underlay when your course you've got?
Of course you do.
Speaker 15 (33:10):
Of course, of course you don't just go yes, you
soften it up. Have you never seen Garrett Well for
a person it hasn't even got a garage. I don't
even know why I'm talking to you about this, but
isn't that a stunning number? I think it's lone ninety
three percent?
Speaker 3 (33:24):
Anyway.
Speaker 15 (33:24):
The other thing the problem with houses in this country
is the entrance way is cluttered. The vast majority of
New Zealand entrance.
Speaker 3 (33:32):
Ways you have cut and so the time on your hand. No,
you've got key.
Speaker 15 (33:36):
No, this is how they're stocking their stores, right.
Speaker 3 (33:40):
Is that?
Speaker 15 (33:40):
What you need is something nice here in the entrance
way so you're not dropping your keys on the floor
or putting the kids.
Speaker 3 (33:44):
Say so, you have been hoodwink by marketing genius. No,
I don't.
Speaker 15 (33:48):
I am surprised at ninety three and I would be
tempted to agree with you that it's a stunningly large number.
A stunningly large number. But do you think of all
the new builds in this country. Most people would go
up and on their garage when they're doing a new build.
It's like heat pumps, isn't it.
Speaker 9 (34:03):
Jeez?
Speaker 3 (34:04):
If I had time right, we could relate their hopes.
Speaker 15 (34:07):
We could really go down this right hole.
Speaker 3 (34:09):
I'll see you tomorrow. Mike's next.
Speaker 2 (34:15):
For more from News Talk st B. Listen live on
air or online, and
Speaker 7 (34:19):
Keep our shows with you wherever you go with our
podcasts on iHeartRadio
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!