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September 4, 2024 34 mins

On the Early Edition with Ryan Bridge Full Show Podcast for Thursday 5th of September, the grocery commissioner says the sector has no meaningful competition and retail margins have increased. Grocery Action Group's Su Chetwin chats to Ryan about what it means and what to do from here. 

The All Blacks and South Africa could be resuming full tours from 2026, and NZ Rugby say there won't be any changes to rules preventing Kiwis playing overseas from representing New Zealand. Former All Black Ian Jones joins the show. 

One in five Kiwi retirees don't have enough savings to get them through the next year - that's according to the Financial Services Council. They also want a review into KiwiSaver to make sure New Zealanders are getting the most out of it. So, what needs to change? Simplicity Founder Sam Stubbs speaks to Ryan. 

Mitch McCann has the latest on the U.S. election - new polls in battleground state are showing mixed results for both Harris and Trump. 

Get the Early Edition with Ryan Bridge Full Show Podcast every weekday on iHeartRadio, or wherever you get your podcasts. 

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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 an early edition with Smith City,
New Zealand's furniture vans and a play at store.

Speaker 2 (00:14):
Us doorgs it'd be good morning. It is six after five.
Great to have your company this Thursday morning, nineteen ninety
two is the number of text we'd love to hear
from you throughout the program. So Chetwyn is on about groceries.
Are we being ripped off? This perennial question and the
reports that never seem to quite answer it or at
least fix it. Mitch McCann is with us from the

(00:35):
US New polls out from CNN this morning on the
battleground states. The report looks mixed. Ian Jones is with
us the reports of an all Blacks tour of South Africa.
He'll be with us just before five thirty. Right now,
seven after five.

Speaker 3 (00:51):
The agenda.

Speaker 2 (00:52):
And it is Thursday, the fifth of September. More than
seven years after the UK's Grenfell Tower fire that killed
seventy two people, Escaye report into how it happened has
been released. It's found the cladding manufacturer was aware of
the risk of the fire, which it deliberately concealed share
of the Grenfell Tower inquiry, Sir Martin Morbick, the dusks.

Speaker 4 (01:13):
That occurred were all avoidable, and those who lived in
the tower were badly failed over a number of years
and in a number of different ways by those who
were responsible for ensuring the safety of the building and
its occupants.

Speaker 2 (01:28):
That is bad. Police are investigating. The Pharmaceutical Society has
found an eighty percent increase in patients consulting pharmacists after
being unable to access a GP. It surveyed more than
four hundred members, also revealing over ninety percent of community
hospital pharmacies have experienced staff shortages, so you've got more
people coming fewer staff. President Michael Hammond says it's become

(01:49):
an unsustainable sector.

Speaker 5 (01:51):
There's an urgent need for solutions to the understandable workload,
the inadequate funding and the supply tamsation shortages. There conscious
no matter where they're working.

Speaker 2 (02:03):
There you go this is bad news. Well is it
bad news? This is space news. European Space Agency says
an asteroids is expected to strike Earth's atmosphere near the
Philippines right about now. Leo Has it hit yet? Do
we know any reports of damage. Not unusual, apparently. It's
one meter in diameter spotted overnight. Asteroids of this size

(02:27):
usually hit our atmosphere around every two weeks apparently, but
this is only the ninth one to be spotted before
making entry.

Speaker 3 (02:35):
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 flying store news talks.

Speaker 2 (02:44):
It'd be I suppose we don't really care. Well, I mean,
we care, but it's not going to hit us, it's
going to hit the Philippines. If it's going to hit anywhere.
It's only one meter wide. Interesting though, that they've only
been able to spot nine of them before they hit earth.
I thought we'd be better than that. I thought, you know,
it's small. If it was bigger, would they know more?
I don't know. And yeah, surely surely you'd get more

(03:07):
than a few hours notice because they only spotted this
and a couple of hours before it hit anyway, I
digress nine two is the number to text if anyone's
seen any fireballs in the sky. Lots to talk about
this morning. Greta Thunburg has been arrested again this has
just come out of a Copenhagen. She was blocking the
entrance to a building with some of her friends. Actually,

(03:29):
we've got the audio of that. Leo, she's blocking the
entrance to a building, got arrested. It's not carbon that
she's complaining about this time.

Speaker 6 (03:37):
You are hello, you are noll you ah, no, you.

Speaker 7 (03:44):
Are no lo.

Speaker 2 (03:45):
Yeah. See, when you're a professional protester, that's what you do.
You move on to something else. So it's Palestine when
you know, the gas is not the big issue today,
fossil fuels, it's Palestine. So anyway, she's been arrested again
and along with six others from that group. In the US,
Biden is apparently about to accuse Russia of interfering in

(04:08):
their elections. Again. This is the election that hasn't even
happened yet. This is a CBS report. They reckon criminal
charges are coming and misinformation videos and content spread online
are the culprit. Honestly, if a country's so stupid that
some fake memes can throw a democratic election, haven't you

(04:30):
got bigger problems that's coming soon. Apparently we might ask
Mitch McCann about that as well. He'll be with us
just after the News at five point thirty this morning
at SISCNE eleven after five Brian back home here in
New Zealand. King You two hat will be laid to
rest today in a ceremony from ten am. They'll also
announce the new leader, the new monarch of the king

(04:53):
Etanger movement. I have to say, what an incredible display
of loyalty and respect from the oratory on the Marye
to the traditions, the ceremony. It has been a beautiful
thing to watch. I have to say, the coffin lying
in state and everyone addressing the family around it, you know,
the stories of the deceased, and it's quite beautiful, quite beautiful.

(05:17):
I mean, And I know there be people saying, oh
well co governance and I mean, say what you want
about co governance and language and you know the role
of the treaty. They are valid debates to have. But
also this is a culture to be treasured and respected,
isn't it just gone? Twelve minutes after five? Back with
Sam Stubbs next.

Speaker 6 (05:38):
Where did you want?

Speaker 2 (05:42):
Told me you'll be days like this?

Speaker 3 (05:48):
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 Planet store.

Speaker 2 (05:57):
News Talk said be fourteen, after five calls, latest monthly
reporter is out on home values the Home Value Index.
It says that it's still weak. For August, values are
down point five percent nationally. That is the sixth consecutive
fall and they had to revise the data from last month,
which means that the total fall this is nationally, the

(06:21):
total fall since February three point seven percent nationally, or
around thirty one thousand dollars lower. So you probably should
feel on average thirty one thousand dollars poorer today than
you did in February fourteen. After five Ray and Bridge
press calls for Kiwi Saver changes, possibly meaning that your
boss could be on the hook to stump up some
more cash for your retirement. The Financial Services Council has

(06:43):
found one in five Kiwis don't have enough retirement savings
to get them through the next year. Seventy nine percent
of us are currently using Kiwi Saver, which is good,
but we are not saving enough to be comfortable once
we are there. Sam Stubbs is the simplicity Kiwisa have
a fun founder. Sam, Good morning, Good morning, good to

(07:04):
have you on the show. Do you what changes do
we need to make? Is it? Is it the contributions?
Does it? Do we need more than seventy nine percent
of kiwis and KIWI saving?

Speaker 5 (07:14):
Oh yeah, Look, I think I think two really big
changes that needed. Ryan. First of all is you know,
we're really getting to the point now where it has
to be compulsory. That's much more normal overseas, certainly the
case in Australia because you know, it's all very well,
that's seventy nine percent of saving, but those twenty one
percent will have you know, nothing or almost nothing when
they retire, and that ultimately means the taxpayers pay for

(07:37):
all of it as well. So we have to get
to compulsion and I think we're kind of heading in
that direction. The other one is the contributions have to
go up, you know, to give you another contrast, In
Australia people save on average about twelve percent of their salary.
In New Zealand it's half that. And in Australia it's
the employer who pays all of the contributions. The employed

(07:58):
doesn't pay anything. And we can get to that point, right,
I mean, I know it's taking money out of people's
pockets if you're basically making them save rather than spend
right now, because you can achieve that by just doing
it in very slow increments. In Australia it actually took
twelve years for them to get to twelve percent. It
might take a step long as well.

Speaker 2 (08:18):
So you're ye percent a year because we're at what
the compulsory employer at the moment is three percent, So
you would look at a phased approach because I think
they're at eleven and a half or twelve as you
said in Australia, so it's going to take a while
to get it up there. But you'll have employee as
employers saying we can't afford that.

Speaker 5 (08:36):
Yeah, and look, you know someone's going to have to pay. Ultimately,
we New Zealanders pay, whether it's the employee or the employer.
We will have to start saving more. I'd even do
less than that right as you do half a percent
a year. Just make it really slow and gradual. The
most important thing is not deep the amount short term,
it's the amount long term you're saving. If it takes
us a longer period of times to get there, that's fine,

(08:57):
we can do that, but let's let's get that train
leaving the station. So we as a nation safe were
because we know Ryan personally, if we saved more, we
have more options you know in life later on. Well
as a nation, if we saved more, we'll have more
options too.

Speaker 2 (09:11):
Yeah, Sam, thank you very much for that. Great to
have you on the show that Sam Stubbs Ceriplicity. Key
we save a fund manager talking about the latest report
from the Financial Services Council. Lots of US one and
five of us don't have enough retirement savings to get
through the next year based and that's based on your
current spending, so your current lifestyle, you wouldn't be able

(09:31):
to sustain nine two nine two US number to text.
How do we feel about compulsory keyp saver. I don't
like compulsory anything, but you do look at the Australians
and you think, well, they've got it pretty good, and
they've been doing it for so long, and they've got
all that capital which they're able to invest, and we're
at what three percent? And I know because that's the

(09:52):
thought if you're a boss, if you're an employer, of
adding to that one percent a year, one percent a
year or whatever it might be. I mean, you'll be
pulling your hair out at the moment, wouldn't you. Eighteen
minutes after five nine two nine two is an under
text Ian Jones.

Speaker 3 (10:05):
Next on your radio and online on iHeartRadio Early Edition
with Ryan Bridge and Smith City, New Zealand's Furniture Beds
and a Plying Store News Talk z'd be.

Speaker 2 (10:17):
Just before six, we're talking to Sue Chetwyn. She formerly
a consumer in z you'll know her name from when
she headed that organization. She's now with the Grocery Action
Group and she's calling for change after this grocery report
said basically, nothing has changed in the grocery world's competition,
not as good as it should be, et cetera, et cetera,
et cetera. I wonder whether we're not being fed a

(10:39):
bit of false hope here. So when they started all
of this, they said there was a million dollars per
day in excess profits, that they were making a million
dollars a day. So that's three hundred and sixty five
million dollars a year. Divide that by five million people.
Because we all eat, that's seventy three dollars per year
per person. That's a dollar forty per week, per Is

(11:02):
that going to change your life?

Speaker 8 (11:04):
You know?

Speaker 2 (11:04):
And how much have we spent on all the reports
and all of the grocery commissioner.

Speaker 8 (11:08):
I don't know.

Speaker 2 (11:09):
We'll talk to Sue Chepwan about that. Just before six
twenty one, after five Bridge reports that New Zealand Rugby
is close to signing an eight match tour of South
Africa in twenty twenty six. They are just reports at
this stage. It's a story by South African news outlet
The Daily Maverick, quoting the South Africa Rugby Chief executive
saying officials from both nations met before last weekend's tests.

(11:31):
It's been thirty years since we last toured in South Africa.
Ian Jones was on that tour and he's with us
this morning.

Speaker 8 (11:36):
Good morning, yeah, good morning, ride, Good morning, dear listeners.

Speaker 2 (11:40):
Great to have you on. Fond memories.

Speaker 8 (11:43):
Yeah, fantastic, absolute trip of a lifetime over does happen,
and it's wonderful news if they are planning that Ryan.
Wonderful news for the players but also for the fans
of builders. You know, if you can please get yourself over,
there be a trip that you're meant for. Incredible the
tour to play in and maybe our greatest rivals. So yeah,

(12:03):
good news.

Speaker 2 (12:04):
Why did they stop, Well.

Speaker 8 (12:07):
I guess the calendar, Ryan, is only fifty two weeks.
So yeah, there's a lot of rugby to pour in
all of these different places. Test matches bring in the
big crowds, I guess. But maybe if there's a desire
now to go back to the old take our players
to the lights of Patchastrom Kimberly, Paul Elizabeth, those places

(12:28):
outside the major cities we played tests. It's wonderful, Yeah,
wonderful news.

Speaker 2 (12:32):
Would it affect I mean, you mentioned the calendar. Isn't
the calendar full? Now?

Speaker 5 (12:37):
You know?

Speaker 2 (12:37):
Would it affect other competitions?

Speaker 8 (12:40):
I guess I'll have to affect other competitions, Ryan, But
maybe they see there's a window there that they can
kind of lock and maybe, let's hope it's up to
eight weeks, maybe not that long. Even if it's five weeks, Ryan,
if that's possible with the time and planning and you're
saying they're looking at twenty twenty six, I guess it's

(13:01):
enough to lock it in. But I'll tell you what, Ryan,
I mean, I think I'll keep some players here to
want to play go on that tour. Said for the
fans of New Zealand, all Black fans, trip of a lifetime,
that you can get yourself over there. So there's a
lot of upside.

Speaker 2 (13:18):
You mentioned keeping players the all Blacks obviously making some
decisions or sticking to their guns around you know, sharing
the players around. What do you think of that?

Speaker 8 (13:28):
One hundred percent agree with it. I've got to say
Ryan really really important for New Zealand rugby as a whole,
both our domestic competitions, keep our stars in New Zealand
that we pick internally, you're playing our competitions that lure
that Black Jersey's very strong. So no, fully support our decision.
We live in a different part of the world and

(13:50):
say that everything of a different policy to us, But
I believe it works for us, and I think it's
a pretty strong commitment for those players to play in
New Zealand, to work the way into it all Black
Jersey and writ within us like they do.

Speaker 2 (14:03):
Yeah, hey we're coming back on Sunday in Cape Town.

Speaker 8 (14:07):
Well yeah, oh we are coming back mate. We were
right at that hunt and Johannesbury. We ran out of
gas at altitude. We now Sea level. We have a
big fan base down in Cape Town. Well you know,
Cere will play better. They went at their absolute best
and Joe Berg we had some chances that we didn't take.

(14:29):
So yeah, we're another compelling, another story Ryan in this
wonderful rivalry that we have.

Speaker 2 (14:35):
Brilliant, lovely to have you on the show. Ian Jones,
former All Black with us talking about the possibility at
the stage of the All Blacks resuming a full tour
to South Africa in twenty twenty six. Lots of your
text coming in on keep Saver.

Speaker 3 (14:46):
That's next the early edition full show podcast on I
Radio powered by news Dogs at Me.

Speaker 2 (14:53):
So based on the calculations that I have done on
the back of an envelope which you probably shouldn't trust,
but according to the grocery don't want to call them wings,
but the people the group who are upset about the
monopoly duopoly that's happening in our grocery sector, you could
save at most per person about seventy four dollars per

(15:13):
year if they were to have perfect competition in the sector,
which obviously would be very hard to achieve. Do you
know what else costs you eighty dollars a year. A
friend and I were chatting at the gym the other
day and he showed me his rates bill, which he
had kindly brought to the gym to encourage him to
run faster. Anyway, there's an eighty dollar targeted rate for
the food compost bin, and he said, what's that for?

(15:36):
And I was like, it's the green bin that's on
the street that no one uses. Then he was running
faster than I've ever seen him run on the treadmill anyway.
So apparently sixty to sixty five percent of us don't
use them. And if you walk down this is the
food scrapspin. They know they have them in other parts
of the country. In Auckland, we've only got them just recently,
so we're all getting a bit used to them. But

(15:57):
eighty dollars a year is what you have to pay.
And I got quite angry when I thought about because
we were talking. If you're on a fixed income, eighty
dollars a year is a lot of money. If you're
a pensioner and you cannot opt out of this service,
who else can charge you for a service that you
don't want or need. What about a pensioner who's you know,

(16:18):
does her own or hurt his own composting in the backyard.
They can't opt out of it. They have to have
this bin and they have to pay eighty dollars per
year for the privilege. It's like your barber sending like
a barber giving a lady a bed trimmer and saying, here,
I'm going to charge you for that. I don't need it.
Oh well you have to have it? Why? Just cause?

(16:39):
And you know what, They're all made of plastic, these bins.
So how's that for the environment? Twenty nine and after five,
Bryan Bridge, Lots more to come on the show. We're
going to get to Mitch mccannast after the news at
five point thirty. Lots of your text coming in as well.
Now this is about the asteroid that hit Earth. Don't worry,

(16:59):
it was all near the Philippines. Ryan. They can't find
the missing plane from ten years ago, so we really
can't expect them to see an asteroid coming that's a
meter wide to Earth, can we? Good point Marty Hi, Ryan,
employers might be happier to pay one percent more and
kep saver each year if the company tax rate decreases
by one percentage point. It's each year. Good luck with that.

Speaker 3 (17:22):
One news and views you trust to start your day.
It's early edition with Ryan Bridge and Smith City, New
Zealand's furniture bids and a flying store. News Talk said, be.

Speaker 2 (17:52):
Good morning. It is twenty four minutes away from six
year on news Talk said, be great to be with
you this morning. Lots of texts coming in on those
pesky green bins in Auckland. This is the composting bins.

Speaker 1 (18:02):
Ryan.

Speaker 2 (18:03):
Wouldn't they attract rats? Says Donna. Yeah, I think they would, Donna.
They also are so small they blow away when it's windy, Ryan.
Those plastic compost bins can suck it, says Phil Ryan.
And Fong and Nui. We have to pay two hundred
dollars for the stupid plastic bins, and my house is
one hundred meters from the road. I do notice that

(18:25):
some dogs enjoy peeing on them, and a bit of
free dining as well, says John John. Nice to hear
from you this morning. Lots of text also on Superannuation.
We'll get to those shortly, Mitch McCann. Out of the
US new polls for Carmela and for Trump, we'll hear
the latest there and we'll get to Sue Chetwyn before six.
She's taking on the supermarket Duopoli there very quickly. I've

(18:47):
got thirty seconds.

Speaker 5 (18:49):
You know.

Speaker 2 (18:49):
That beluga whale, the white one, the Russian one that
everyone thinks is a spy because it turned up and
was friendly with humans, found in Norway, has become famous,
got its own tracking device now people love it. Died
on the weekend. Mysterious circumstances. Overnight we have found out
that Valdemir was shot multiple times. Very sad. Not sure

(19:15):
who shot it, whether it was the Russians coming back,
worried about the intelligence that was sharing from the coastline.
I don't know, but there you go. They reckon that Veldemir,
the world's most famous beluga whale spy, has been shot.
It's twenty two away from six.

Speaker 3 (19:32):
Bryan Bridge, I don't know.

Speaker 2 (19:34):
Our reporters around the country, starting with Jamie Cunningham, who's
with us Dunedin News this morning. Jamie tell us about
this rate the bill, I should say for ratepayers because
of Nobby Clark.

Speaker 9 (19:45):
Yes, so in the cargo, ratepayers have been forced to
fork out tens of thousands to pay for the Emir's
Code of Conduct complaints Local Democracy reportings is a total
of sixty thousand dollars were spent in relation to complaints
over Knobbig Clark's behavior at a United Fire Brigades Association
event and the use of offensive language and a TV interview.

(20:07):
Both complaints were upheld in midyear meetings and the mayor
has since apologized. Investigating the Fire Brigades event cost more
than forty two thousand dollars, while the investigation into his
behavior on television totaled more than twenty thousand. A council
spokesperson says the reason for the difference in cost was
due to the amount of time required to undertake each investigation.

Speaker 2 (20:30):
Goodness, I just don't know understand. If he made these
comments on television, why do you need to have an
investigation to find out what he did? You know he
said it on TV anyway, Jamie, the weather in Dunedin today.

Speaker 9 (20:42):
Well it's fine with high cloud and northerlyes developing and
a high of seventeen.

Speaker 2 (20:46):
Thank you. Claire Sherwood is in christ Church this morning.
Clear concerns too many christ Church residents are throwing out
dangerous waste Yeah.

Speaker 10 (20:54):
We're not worried about compostman's down here, but Council here
is worried about an increase in fires in our curbs,
collection trucks and the processing facilities. The total since twenty
twenty has been forty two fires. Hazard is waste like
you know, batteries, gas bottles, those kinds of things. They
are also on the rise. The Resource Recovery Team leader
Tarannia Lees says more with more battery powered products on

(21:16):
the market, people do need to be aware, particularly for
things like laptops where they have embedded batteries. She says
they are contributing to this increase in fires, and she's
keen to tell residents that if you need, there is
a map of where to properly dispose of those items
on the christ Church City Council website.

Speaker 2 (21:33):
I've got a little green bin I can send you
clear and you can put all that stuff in it.

Speaker 11 (21:36):
How good?

Speaker 2 (21:38):
How's your weather today?

Speaker 10 (21:39):
Peer frosty to start will clear to find northeasterlies developing
later today.

Speaker 12 (21:43):
The high at fifteen have.

Speaker 2 (21:44):
A good one. Max's and Wellington Haymax Another hospitality spot
is closing.

Speaker 6 (21:49):
Yeah, it seems virtually every week and you borrow. A
restaurant in the Capitol is shutting its doors, this time
the turn of quite well regarded Dali Egmont Street Eatery,
which has been operating there for nine years. The high
end spot blames the current economic climate. Also closing a
florister as well, Ivette Edwards after seven years on Tory Street.

(22:10):
Just last night, I was taln to someone in the
hospitality industry. He has it on good authority that another
bar at this time around the Willis Street area is
also planning to close imminently, a bar that's been around
since pre COVID. It seems like it's an absolutely dire
time for businesses in the city. And you've got right now,
at least the perception of a council that's anti business

(22:32):
and isn't prioritizing places staying open with the constant works
around the city. You've also got bar owners around Cotney
Place saying the police are fighting tooth and nail for
every licensing application or reapplication.

Speaker 5 (22:45):
Yeah.

Speaker 2 (22:45):
A tough and working environment makes a bright spot in
the weather today a lot brighter. Yeah.

Speaker 6 (22:51):
I should be fine once it warms up.

Speaker 2 (22:53):
Northerlyast fourteenth Central excellent thank you neveras an Auckland Hey never, Hello,
I love.

Speaker 12 (22:57):
The conversation about your compost bins.

Speaker 2 (23:00):
It just drives me that it drives me.

Speaker 5 (23:01):
I don't use it.

Speaker 2 (23:02):
I'm sure people there is a good reason for it. Yes,
you know, because of the emissions that come from landfills. Absolutely,
I get it, but don't make it compulsory.

Speaker 12 (23:10):
Well because our sub editor, you know, Jenny, she uses
it all the time.

Speaker 5 (23:14):
You know.

Speaker 6 (23:14):
Good on her.

Speaker 12 (23:15):
And she is the type of you know, and.

Speaker 2 (23:16):
She does look like it. Yes, compostor.

Speaker 12 (23:20):
Do you want a compost mine Jenny?

Speaker 2 (23:24):
And she does look like a compostor. She'd do it. Well.
Te I've just had a text saying trains are canceled
again this morning.

Speaker 12 (23:30):
I don't really, I didn't know that.

Speaker 2 (23:32):
I shall get on to it.

Speaker 6 (23:33):
You're kidding me, how do you?

Speaker 8 (23:35):
Oh?

Speaker 12 (23:36):
No, I just feel for commuters.

Speaker 2 (23:38):
I do too. Hey, eden Park, what's happening? This is great?

Speaker 8 (23:41):
Now?

Speaker 12 (23:41):
Look the public appears to be behind Eden Park hosting
more concerts, So the Auckland Stadium's application has been met.
I was quite surprised with this ninety four percent support
from submitters. So the application calls for an increase from
six concerts a year to twelve, and CEO Nick Sultan
says that this would make New Zealand more attractive option.
He's pretty pleased at this stage because each show kind

(24:02):
of like it creates more than three thousand dollars or
three thousand dollars three thousand jobs, you know, for each
show in a variety of areas. So that's quite good.

Speaker 2 (24:11):
How is the weather today? Everyone but Helen Clark would
be on board because yeah, those areas, ye, right, Indeed,
we're doubling the content Hellen and Peter.

Speaker 12 (24:21):
The weather today mainly fine, even cloud late shower. Is
today's high sixteen in Auckland's brilliant.

Speaker 2 (24:26):
Thanks never bat with Mitch McCann.

Speaker 3 (24:28):
Next International correspondence with Ends and Eye Insurance, Peace of
mind for New Zealand business.

Speaker 2 (24:34):
You're a news talk the big quarter to six. We'll
get to Sue chetwynd just before six on the grocery
competition issue. Right now, our US correspondent Mitch mccannon is
with us. You've got new poll numbers from CNN. This
is ahead of November's election. Mitch, What's what's it saying? Yeah,
that's right, Good morning, Ryan.

Speaker 11 (24:51):
You polling this Morning shows just how close this election is,
where it matters and the swing states that could decide
the entire election. So look at this Cohnson in Michigan,
Kamala Harris has a leader between six and five percentage points,
but polls show that in Pennsylvania, Georgia, and Nevada there
is no clear leader, while Arizona is polling in favor

(25:12):
of Donald Trump and the margin of ERAa in these
polls is around five percent, so that's better to say
they cannot be separated. Today, Kamala Harris is said to
propose a tax break for small businesses. I meanwhile, Donald
Trump is going to appear tonight's at a town hall
events in Pennsylvania on Fox News. And that's critical because
Fox News is the most watched cable news channel in

(25:33):
America by some distance. You can expect a lot of
ibels watching that. It's important to know, Ryan mark this
and your diary. The first Harris Trump debate will take
place next Wednesday afternoon, New Zealand Time.

Speaker 2 (25:44):
Well, I can't wait for that. I'm very very excited
to see that. Interesting. Quite a mixed mixed bag when
it comes to those results. Then let's go to Georgia.
There's been another school shooting.

Speaker 8 (25:55):
Match.

Speaker 11 (25:56):
Yeah, this is breaking news this morning, and we've only
learned in the last week while about this shooting, the
school shooting in Winded, Georgia, which is about an hour
from Atlanta, Georgia. Details are still emerging, as I said,
but at Appalashi High School, the latest reports are that
four people have died and thirty others are injured and
a suspect is now in custody. Video from outside the

(26:17):
school shows swarms of police officers and ambulance and students
on a football field. Some are in prayer circles. Now
that the suspect has been apprehended, it's been reported students
have been released to go home from the high school,
while other schools in the area are still being done.
It appears that is as a precaution.

Speaker 2 (26:36):
Mitch, thank you for that. Mitch mccanna, US correspondent, just
gone thirteen minutes away from six. No meaningful improvement in
the grocery sector. This is the competition issue after two years.
This is despite the ComCom reports, the market studies, the
Grocery Commissioner being appointed and up and running. The first
annual report from the ComCom into the sector has been

(26:57):
released and it basically says nothing mean, meaningful has happened.
So Chetwyn is with the grocery action groups. She's with
me this morning, so great to have you on the show.
Good morning, Good morning. So are we ever going to
fix the issue?

Speaker 7 (27:14):
Look, I think it is possible to fix the issue,
but structural change has to occur. So I guess the
government has to sort of bite metal here and say
we need more regulations to do something about the state
of our industry. So, you know, we have a jopoly

(27:35):
that has more than eighty percent control of the basically
the food that we buy, and all of the rules
that they've put in place all very well meaning, but
have not worked. They have really just printed around the edge.
So a mess. You make some structural change to encourage

(27:57):
competition or to allow competition to happen, then we're just
going to get more of the same.

Speaker 2 (28:02):
Grocery commissioner mentioned the one hundred sites the land that
the supermarkets are supposedly sitting on. You know, is that
to block competition or are they just land banking because
it's profitable, or are they car parks or storage facilities?
You know, is that is that number realistic.

Speaker 7 (28:21):
Look, I think the number represents all of the land
they own, so some of it may be legitimate for
say car parks, But the Colics Commission wouldn't have mentioned
it unless it has done research to show that it
is basically the duopoly buying land that could be useful

(28:43):
for supermarkets the block competitors. So and you know, just recently,
you know, we had the you know, the big fine
for food stuffs for land convenance. So that's buying land
and then putting on rules around it and selling it.
But that those rules mean that no competing supermarkets could
be put on it. This is more of the same.

Speaker 2 (29:06):
That was more historical, those charges that were brought right,
this is now apparently one hundred sites that they're sitting
on top. So what do you want to do? You
want the government to force them to sell the land.

Speaker 7 (29:16):
Absolutely or do something with it that looked like a
supermarket and not a vape shop. And also I think
it needs to give the overseas you know office that
allows competitors, you know, potentially overseas competitors to come in,
so they might pertly need to free up some rules

(29:39):
around there. They need to free up other regulations. They
definitely need to free up land, but I think critically
and the OECD also recommended this, they need to look
at forcing the season markets to sell some of what
they own. So you know, maybe breaking up Peck and
Save and New World. You know, maybe Warworst has to

(30:02):
divest some of its supermarkets as well. So unless you
get that structural change, you're not going to get more
competition in New Zealand.

Speaker 2 (30:11):
If you have the state interfering in a sector like
that to the extent that you're suggesting, wouldn't it put
off private enterprise from wanting to come and invest here
in the first place.

Speaker 7 (30:22):
Well, look, I think we've just got a broken market here,
and that's what you know, that's what regulation is for
in a way, is to make sure that we encourage competition.
So why is it that New Zealand has eighty percent
of you know, the supermarket industry owned by two supermarkets,

(30:43):
where in say Ireland a similar size had five supermarkets
or with about twenty percent of the market. So New
Zealand has one of the most dense markets in the world.
So it doesn't get much worse. So unless you have
some government interference to teach consumers and suppliers. Then it's

(31:04):
just going to be more of the same.

Speaker 2 (31:05):
If you keep getting the same result, we'll have another
report in another two years saying exactly the same thing,
that nothing's changed. So thank you very much for your
time this morning. Sud Chetwyn, who's with the Grocery Action Group.
It is eight minutes away from six Ryan Bridge, very quickly,
an update for you. The US stocks have rebounded yesterday.
We mentioned that there was a dip, if that's what
you want to call it, a bit of bed wetting,
and then it spread to Asia and the Nvidia, you know,

(31:28):
that chip company that everyone is going nuts for, lost
two hundred and eighty billion dollars on the stock market yesterday.
But sounds like a lot's actually a drop in the
bucket when you look at the value of the companies
and the trillions. Oil is remaining lower, so we should
get lower petrol prices at some point two eight minutes
away from six Ryan Bridge.

Speaker 3 (31:48):
New for twenty twenty four on early edition with Smith City,
New Zealand's Furniture, Beds and a playing store.

Speaker 2 (31:55):
News Talk Zidby, Welcome back to the show. Five minutes
away from six I wonder where we're giving people a
bit of false hope with this grocery report. Remember when
they first started talking about it, they said there was
a million dollars a day in excess profits. That's three
hundred and sixty five million dollars a year if my
calculations are correct. Divide that by five million people. Because
we all eat, that's seventy three dollars per year. So

(32:16):
you would be saving per person, in a perfect will,
with perfect competition, just a dollar forty a week on
your groceries. Mike, good morning morning.

Speaker 13 (32:26):
So what you've got to remember, it's very important to
remember this. That's an invented job, and it was invented
by the labor government, a grocery data. Yeah, because they
couldn't work out what they were going to do about
the market. Because the market's the market. If it's broken,
it sort of doesn't matter. Because I think you've almost
got to the bottom of it. It isn't going to
get fixed. It's not possible to fix it because what
fixes it, allegedly is another big supermarket provider. Why aren't

(32:49):
they there? Ask yourself the obvious question. So when you've
invented a job, first thing you've got to do is
find problems, don't you, which is which is what he did,
because there's no way in the world's going to come
out and go, look, I'd like to be able to
say something, got a cart, So I'm wasting my time.
So he comes out and tells you what the problems are,
and the problems are insurmountable because they're not specific. I mean,
if you look at the results of Woolworth's the other day,

(33:09):
their profits were down fifty seven percent. Yeah, now, so
that's a reflection.

Speaker 2 (33:13):
But the other thing is if you're trying to get
an ld to come here to New Zealand and you've
got this grocery commissioner waving his hands around saying we
need we need the state to intervene in the private market,
is that going to ent you?

Speaker 8 (33:26):
No?

Speaker 13 (33:26):
Just think about what that that, Sue Chapman, for God's sake,
the state into love. I mean, why don't you just
call it Russia?

Speaker 2 (33:32):
So what do you want?

Speaker 13 (33:34):
You want the Minister of something setting the price of rice?
Do you is is that really where we're heading back
to the same Look at you look at Australia though,
how many people twenty six twenty seven million people. They've
got more supermarkets.

Speaker 2 (33:44):
Are they happy with the supermarkets?

Speaker 13 (33:45):
No, they're not. They're having the same argument there as
we're having here.

Speaker 2 (33:48):
So you know, we're equally miserable.

Speaker 13 (33:50):
We're equally miserable, is what it is.

Speaker 2 (33:52):
Hey, Lisa Carrington after eight, Oh brilliant, nice one. See
you tomorrow, everybody. Mike's here with next.

Speaker 3 (34:03):
For more from News Talk st 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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