October 7, 2024 • 34 mins
On the Early Edition with Ryan Bridge Full Show Podcast for Tuesday 8th of October, Ngati Toa's Helmut Modlik is set to face David Seymour in a much anticipated debate on the Treaty of Waitangi. Modlik speaks to Ryan ahead of the debate.
A mixed bag in Westpac's Regional Roundup, but things are looking good heading towards the New Year and Wednesday's OCR decision. Westpac Senior Economist Satish Ranchhod joins the show.
TVNZ has proposed closing the 1News website from early next year as the state broadcaster tries to find $30 million in savings. Media Commentator and Spinoff Founder Duncan Grieve speaks to Ryan.
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 you
for twenty twenty four on the early edition with Smith City,
New Zealand's Furniture Beds and a play a store us
Dog SIDB.
Speaker 2 (00:15):
Good morning, it has just gone six after five. Welcome
to your Tuesday morning news Dog said, be great to
have your company this morning. We're going to talk treaty
just before six this morning. Big debate coming tonight between
David Seymour and Helmmeut Modlick. He's the NATI toer EWE
chief executive. He's on the show just before six this morning.
Basically at issue is the government sovereign in New Zealand.
(00:39):
We're going to talk to Westpac. They've got in a
very interesting regional report out this morning. Donald Tomayo out
of Australia and don'tk and grieve on Onenews, dot co
dot MZ being no more.
Speaker 1 (00:52):
The agenda.
Speaker 2 (00:53):
It is Tuesday, the eighth of October. The one year
anniversary of Hamas's attack on Israel has been marked in
the middle at least his Benjamin Netanyahu.
Speaker 3 (01:02):
A year ago.
Speaker 2 (01:03):
We suffered a terrible blow.
Speaker 4 (01:05):
In the past twelve months, we are changing the reality
to end.
Speaker 2 (01:09):
Two Chinese nationals have died and at least ten people
have been injured following an attack in Pakistan by a
militant group. They've carried out the attack, which was targeting
Chinese engineers. The group has been known to carry out
attacks on Chinese nationals involved in Pakistan development projects. The
southeast United States bracing for another major hurricane. Milton is
(01:32):
quickly intensifying Category four.
Speaker 5 (01:35):
Talking about three and a half four and a half
meter storm surge along the west coast of Florida. And
it's significant because Helen produced storm surge about a meter
less than what we're expecting to see.
Speaker 2 (01:47):
With Milton and a new research out this morning, an
analysis of death has shown that rapid improvements in life
expectancy that we achieved over the twentieth century have slowed
dramatically over the past three decades. Basically, we're maxing out.
We're tapping out our ability to live forever. We've done
the cancer, treatments of dementia, the heart disease. What we
(02:09):
need next, they reckon to keep increasing This is drugs
to actually slow the aging process. Good luck with that.
Eight after five.
Speaker 1 (02:19):
On your radio and online on iHeartRadio Early Edition with
Ryan Bridge and Smith City, New Zealand's furniture beds and
applying store new Talk.
Speaker 2 (02:29):
Said be well don't we already have that botox slows
the aging process. Our new research out this morning, also
from aut that I want to bring to your attention,
and it's one of those Yeah, we knew that. So
this is research about the media during the COVID pandemic.
And remember there was subsidies, there was direct cash in
the Public Interest Journalism Fund paid to media private media companies.
(02:53):
This research has found, oh, actually there were some unintended
negative consequences as a result of that. Really, so what
they found is one, it didn't stop the redundancies. Obviously,
people are still being laid off now from these private
companies they were paid. The money was paid to these
companies at a time where they were in profit and
(03:15):
paying their shareholders' dividends, so that doesn't make sense. But
the bigger issue is around the perception of the government
funding and therefore having an influence over what the media
was saying. That was a big one, I think for
a lot of people. So it's essentially confirming what people
(03:35):
already thought and already knew and what like the lights
of Willie Jackson have said on this program before around
the role of the treaty and how that was tied
to some of the funding. Even he conceded that they
overegged that a little bit. And to my mind, the
bigger problem was it was the Decinda Show during COVID,
wasn't it, and everybody just bowing at the feet and
(03:59):
not asking particularly probing questions about all of this. All
the while we're locked in our homes feeling very frustrated.
And everybody's different, right, So some kiwis in their minds
personal freedom, you know, association with their friends and family,
freedom of speech, all of those things are quite vital
(04:20):
to their quality of life. And if there's a perception
that those things are being hindered or shut down, and
that the media was complicit in that, that's almost unforgivable,
isn't it, And maybe that is part of the problem
that we have in the media landscape. Today. We're going
(04:40):
to talk to Duncan Grieve actually about this report from
aut but also about one used dot co dot nz
being shut down. We'd love your views on this this morning.
Nine to nine two is the number to text eleven
after five.
Speaker 1 (04:53):
Ryan Bridge.
Speaker 2 (04:56):
Also this morning, lots of economic data to get through.
How does that Does that got you excited for your
Tuesday house prices? You will be interested in that. Also,
we're going to look at the ocr The guy who
was calling for a one and a half percent cut
by Christmas. He wants to take a sledgehammer to the OCR.
(05:19):
We'll talk about that with Westpac inside the next half hour.
You're on News Talks MB.
Speaker 1 (05:29):
Ryan Bridge new for twenty twenty four on early edition
with Smith City, New Zealand's furniture beds and a playing store.
News Talks EDB.
Speaker 2 (05:38):
Thirteen minutes after five. Great to have you with me
this morning. So this is from Interest dot co dot
in z one year, mortgage rates have fallen to around
six point three to three percent. This is on average.
They peaked at seven point three five percent in January,
so that's a huge drop already. The problem if you're
trying to get a mortgage, if you're trying to get
a home, particularly first home buyers, the test that's being
(06:01):
applied by the banks is still you know, nine percent,
which is quite significant. The other problem we're going to have,
even when rates come down, the debt to income ratios
will kick in they've already started, but they're not you're
not feeling the impact of them because interest rates are
too high, so that will cap the amount you can
borrow at six times your income. So if you are
(06:25):
a first home buyer, sorry, things are going to be
tough for a while yet. And that is assuming that
property prices hold up kind of where they have been
and on that. We have new numbers, which I'll get.
Speaker 1 (06:38):
To in a second bridge right.
Speaker 2 (06:40):
Now, though we're going to Westpac. The Regional Economic roundup
is out. This is the October report. It's a bit
of a mixed bag. It comes also as Greg Smith
from Devon Funds promotes an aggressive sledge hammer approach to
the ocr We've obviously got a cut coming tomorrow, but
how big will it be? He wants one and a
half percent off by Christmas? That would require seventy five
(07:03):
basis points tomorrow and seventy five basis points in November.
Ranchold Is, the Westpac Senior Economists, is with us this morning.
Statistic Good morning.
Speaker 6 (07:13):
Good morning, Ryan.
Speaker 2 (07:14):
First of all, do you think aggressive cuts like that
are required?
Speaker 7 (07:19):
I think that the scope to cut the OCI pretty quickly,
but not that sort of pace. While We've seen that
inflation's coming down, unemployments still high, and we've got tired
interest rate. So that makes the case to cutting the
OSIO fast paced. We saw during the pandemic that when
you cut rates too quickly can't have unintended consequences. It
could risk supercharging the housing market, which could be a
(07:41):
different problem for us altogether.
Speaker 2 (07:43):
Let's look at your regional roundup, HOSTPO, retail bad, Wellington bad.
We expect those things, We know those things. What were
you told about new hiring from businesses?
Speaker 7 (07:54):
What we're hearing is that very few firms are looking
at taking on staff right now. Those pressures a listening
in terms of demands means that they are more cautious
about taking on stuff, and a lot of them have
actually been shedding workers recently.
Speaker 2 (08:07):
Agriculture, tourism, are they giving you a bit of hope.
Speaker 7 (08:11):
They are the bright spots of the economy right now.
Tourism has been a boom for regions like Queen Sound.
We're also seeing some better prices for some of our
key experts. That's been welcome for some of our rural regions.
Speaker 2 (08:24):
Southland. I noticed you mentioned Southland in the report that
they are coming off a little bit.
Speaker 7 (08:31):
Yeah, Southland has seen some more mixed conditions recently, spending
there has flattened off, but with a mix of conditions
they're especially that improvement and agriplaces. It's really looking a
bit more flat rather than weak.
Speaker 2 (08:45):
All right, thanks Sama. Just finally that the North South divide,
who is more optimistic right now?
Speaker 7 (08:53):
I think we are seeing some more positive conditions coming
through in the South Island. They've got that mix of
tourism and agricultu as well as other industries helping to
support sentiments. In the North Island, it was clearly a
weaker pitchure, especially in Wellington for those job loss being felt,
as well as financial pressures right across the country.
Speaker 2 (09:11):
Statists, thanks so much for your time. Satisha Ranchod with
US Westpac Senior Economists, seventeen after five. Up next the
Media with Duncan Grief, The.
Speaker 1 (09:20):
News you Need this morning and the in depth analysis
early edition with Ryan Bridge and Swift City, New Zealand's
Furniture Beds and a Playing Store News Talk.
Speaker 2 (09:29):
Zaid be Milton. The hurricane that's heading towards Florida in
the United States has just been upgraded to a Category
five storm. Winds of two hundred and fifty kilometers an
hour expected. This has just happened in the last few minutes.
Obviously they've been dealing with the fallout from Hurricane Helene
as well, So a lot going on there. Will bring
you more just before the News at five thirty right
(09:49):
now twenty.
Speaker 1 (09:50):
After Ryan Bridge.
Speaker 2 (09:52):
So TVNZ's one News website is set to be cut
from February next year as part of the state broadcasters
news proposal to head a thirty million dollar savings target.
Staff have also been told there's a proposal to consolidate
some business areas to align with its news strategy, et cetera,
et cetera. Dunk and Grieve spinoff founder and media commentator
joins us this morning, Dunk and good morning. Good to
(10:14):
have you on the show. Tell me what happens to
the website. How important is the website to one News.
Speaker 8 (10:22):
I mean, it's a brutal thing to say, but I
don't think it's particularly important to one News. You know,
the core business of them has always been built around
that six pm bulletin, which still has such a large audience,
and the news room is, you know, rightly or wrongly,
driven around creating video the news. So the one news
(10:42):
website never got the scale of audience to compete with
the bigger text driven websites, and as a result, it's
it's always set a bit off to the side. In
my opinion.
Speaker 2 (10:54):
You can't tell me that costs thirty million dollars to
run the website, right, So where else are the saving
is going to come from?
Speaker 8 (11:02):
I mean, that's a really good point, you know. I'd
say there's probably maybe a couple of million, maybe a
bit more in savings associated with the website across you know,
the editors, writers, specialized journalists, development and so on. But
(11:22):
thirty million dollars is just an enormous sum for it
or Slight TV, and it represents roughly ten percent of revenues.
But remember they've got a lot of money that goes
straight out the door on playing overseas content or local production.
So if they're looking to find that within the house,
you know, suddenly that starts to look like a very
large proportion of their spend and a lot more staff
(11:45):
than just a website.
Speaker 2 (11:47):
This idea of putting video content on their at news
video content on their app, it sounds like a good
one to me. They'll be competing with I guess the
likes of YouTube. Maybe it's more of a local flavor.
Do you think it could work.
Speaker 8 (12:02):
I think it could work. I don't think it's guaranteed
by any means. It's unfortunate in a way that TV
d Plus, which you know, and it's predecessor TV said
on demand, has been running for the second of teen
years and news has never felt like a priority for it,
not certainly not the way it does on the linear stream.
So they're coming from behind to an extent. But even
(12:26):
if you go and look at the app now you
know they've got this new John Campbell true crime series
from a place you can now access individual clips of
the news from the home page. You know, it's it's
a bit of a sort of stop gap compared to
what a fully kind of you know, realized vision of
(12:46):
news within TV and Z plus would look like. But
it's a start, and that's clearly where they're going to
put all the energy now into the digitational news offering.
Speaker 2 (12:53):
It does sound like it, doesn't it. Hey, this aut report,
I know we've only just seen at you this morning
and it's only just come out, but it's it's essentially
saying that the funding that was given to the media
during the COVID pandemic, you know, the Public Interest Journalism Fund,
et cetera, had some unintended negative consequences, which I'm I
kind of thought was obvious. But they're saying, you know,
(13:14):
it didn't stop the redundancies. It was paid at a
time where private companies were paying dividends and making profits,
and it also led to perception problems. You think it's valid.
Speaker 8 (13:26):
Not really. I mean, like I sort of looked at
the study when it arrived yesterday and I was like, yeah,
a lot of it's captain obvious and essentially duplicative of
a U two researcher already exists around the sort of
trust issue. But the idea that you that it went
to private companies that are paying dividends. You know, if
(13:46):
if the government's kind of participation in news means that
private companees are to stop paying dividends, that it can
only participate them basically not for profit, so therefore only
hour and that So that just seems like a weird
thing to single out. And the whole structure of the
PIGF was here is some money for you to do
(14:08):
something new. You wouldn't ordinarily do, which meant that it
was kind of cost neutral, but it but it did
its job on that front. But unfortunately, because of the
timing of it and because of you know, the sort
of world canvas, you know, ways that it approached particular areas,
it led to a perception of politicization. But again, this
(14:31):
is all sort of quite well known, so I didn't
really see what the function of that research was.
Speaker 2 (14:36):
I've got to study something, don't they aut.
Speaker 8 (14:39):
The thing that's interesting is like, we have these journalism
schools kind of creating journalists, but we also have an
industry that is, you know where this time in February
of next year, we'll have too fewer of our five
biggest news sites, you know, And so what is the
pipeline for, Like why are we educating journalists because right
(15:01):
now it looks like this is an industry that is
running to shut down. So, you know, it's weird that
they're doing with kind of semi esoteric research projects when
the big question is why are we training people at all?
Speaker 2 (15:14):
Don't Angrieve with a great start to your morning. Thank
you very much for your time. It's been off. Founder
and media commentator on One News and the state of
the media. More generally twenty five after five the early.
Speaker 1 (15:24):
Edition full the Show podcast on iHeartRadio, Power by News Talks.
Speaker 2 (15:28):
At me, you're on news Talks. There'll be twenty seven
minutes after five o'clock. Inflation is still the dominant force
in global politics, no doubt about it. We've got the
US election next month. The Aussies are going to the
polls by midway through next year, so are the Canadians.
We just had the UK, we've just had France, and
inflation rules the roost and bad news for old Elbow
(15:50):
in Australia. There's a new poll out this morning that
has him neck and neck with Dutton and with the Coalition.
But here's it's the bad part, the really bad part.
Forty four percent of Aussies think the economy will worsen
in the next six months. What's more, Dust and the
Coalition are favored on the economy thirty eight percent to
(16:11):
twenty six percent, and more people blame the government for
causing inflation rather than global issues. So he has an
uphill battle, doesn't he. For New Zealand, inflation should be
should be a distant memory by the time we had
twenty twenty six. In our next election, it's expected to
be inside the target range. By Christmas. GDP should have
(16:35):
picked up, unemployment, should have fallen, torourism, agriculture. We've already
heard this morning or showing promising signs. But there's always
a defining issue in a political campaign, isn't there? What
will ours be in twenty twenty six? Do you think
a smart government will always try to define what that
issue is ahead of time and to control the narrative,
(16:55):
control the language around it, control the debate. I think
the biggest risk for the National Party this point, this
far out. I know it is a bit far for predictions,
crystal ball gazing, but I think at this stage it
is probably public service cuts, you know Dunedin Hospital, public transport, health,
education etc. The reality is probably most of us will
(17:16):
give them another go, but it wouldn't hurt them to
keep an eye on what comes next. Twenty nine after five.
Speaker 1 (17:27):
To the First Word on the News of the Day
Early edition with Ryan Bridge and Smith City New Zealand's
furniture beds and a play at store.
Speaker 9 (17:46):
News Talk zibby, good morning, it is twenty four minutes
away from six.
Speaker 2 (18:00):
You're on news Talk, said be great to have your
company this Tuesday. Australians apparently easy prey for cryptos scammers?
Is it because they're stupid? It's not very nice. Donald
Demato is with us out of Australia shortly. Also, the
big Treaty debate kicks off tonight. We're going to speak
to one of the participants, the guy who's going up
against David Seymour David and Goliath. He is with us
(18:20):
just before six this morning. Lots of your feedback on
what the next big issue will be for the government
when it comes to getting elected. This is twenty twenty six.
I know it's a bit far in the future, Ryan,
I think the big thing at the next election will
be the Treaty Principles and National could lose some votes
to Act. That's obviously the ACT party's strategy, David Simol's
(18:41):
strategy with this Treaty Principle's Bill, because he knows it's
going nowhere, but he knows it will sit on the
books and then hopefully he can revive it or at
least use it as a stick to beat the government,
to beat National with it the next election. Will it work?
I don't know. I don't know. It depends what else
is going on, right, And that's the question we've been
asking this morning on COVID and this new report out
(19:01):
from aut which says basically, during COVID, government paid media money,
media was still making profit and perception problems created for media,
huge problems, and so many of you have gotten touch
about this. In particular, Ryan, we completely stopped watching television
during COVID and we just haven't gone back there. One
(19:23):
news is of the world who've announced cuts in the
last couple of hour, twelve hours paying the price for
this still, says Penny Penny. Thanks for your message, Ryan.
Of course the media was complicit, TV and ZE radio
in New Zealand, stuff, etc. All of them were bribed
by the government. I make a slight distinction and that
I don't think it was the money that was causing
(19:45):
the problems. I think it was COVID and journalists and
the media felt that if they stepped outside of the
lines around COVID and the you know, the narrative, then
they would get into big trouble. And look what to
(20:06):
hap him to Simon Bridges when he tried to step
outside of the lines a little bit, he got rolled
from the National Party. Do you know what I mean?
I think that was the bigger problem anyway, I digress
twenty two minutes away from six News talks the'b Brian Bridge.
We're going to our reporters around the country and we're
starting with Cullum and Nedin this morning. Culum, give us
an update. The protests continue, albeit behind the scenes on
(20:28):
the hospital. Yeah, that's right.
Speaker 3 (20:32):
Look, Prime Minister Christopher Luxe and visited Dunedin yesterday and
everywhere he turned he was ambushed by hospital protesters, which
is not surprising. He was here checking in on how
the city coped with Friday's floods.
Speaker 2 (20:45):
This protest after.
Speaker 3 (20:46):
The government signaled a hospital project downgrade following a claim
three billion dollar blowout.
Speaker 2 (20:52):
Even the mayor was protesting. Him and fellow counselors.
Speaker 3 (20:54):
Wore the hospital protest t shirts for the Prime Minister's
visit yesterday and the mutuals. Radick says, look, his Southern
delegation protest to Wellington remains on the cards. He says,
a solid protest campaign is still planned. They want the
government to deliver what was promised and he's also signing
the Bullet Declaration today stating our health systems in crisis.
Speaker 2 (21:17):
All right, and your weather today, your health system not great,
But how's your weather looking? Yeah? Look better?
Speaker 3 (21:22):
Another good data for the city to dry out. Find
today one or two afternoon showers, northerly, strong and exposed
places and a warm high of nineteen All.
Speaker 2 (21:31):
Right, come, thank you for that. Clear and christ Church clear,
Good morning to you. So these buses, the public transport
they were going to put on for the cruise ships,
have they been axed?
Speaker 7 (21:40):
Yeah?
Speaker 10 (21:40):
Look, this has all been bubbling around here just for
the last kind of twenty four hours or so. Ryan,
we've effectively learned that e CAN here won't be funding
additional bustners or support staff for this upcoming ship cruise
ship season.
Speaker 11 (21:53):
Of course, we're only a week out.
Speaker 10 (21:55):
From the first ship docking at Littleton. The thing about
this is the call was made back in April, during
the long term planned deliberations. E CAN tells us that
was in order to help reduce rates increases because there
was community concern about the original rates proposal. There's been
some backlash from residents though, saying they weren't aware of
it and that it's come as a shock. Local government
(22:15):
expert Andy Asquith says the situation didn't need to be
directly communicated instead of buried in documents and then released
this week to us in the media. He says it's
a big ask to expect the average citizen to read
all LTP decisions.
Speaker 2 (22:30):
Yeah, I think it is too clear. Your weather today a.
Speaker 10 (22:33):
Really foggy start here in christ Church. The northwesterlies will
be strong and exposed places too afternoon, gusting eighty kilometers
per hour before easing. The high though eventually will be
twenty one.
Speaker 2 (22:43):
All right, thank you Max's and Wellington. Hey Max, your
buildings are being inspected, your residents are being evacuated and
they're being sent back in. Yeah.
Speaker 1 (22:52):
No.
Speaker 12 (22:52):
Look, as someone who lived through to major quakes in
christ Church, this one was moderate. I would say there's extreme,
which is oh, and then there's moderate, which is oh.
And this was more of a oh. But look, you're
hearing me to start this morning because we've obviously been
let back into our office yesterday. We were kicked out
after some cracks were noticed on Sunday and inspection was done.
(23:15):
And we're not the only one. Quite a few owners
taking a cautious approach around the city this week. The
Council also says seventeen of its buildings have been inspected.
The Opera House, Saint James Theatre, Michael Fowler Center, all
apparently passing with flying colors. But it was a big
enough for shake to crack open. Some of our decades
old pipes to drinking water pipes have broken. One pottydoer
(23:37):
one in Kelburn, Wellington water reckons. We're going to see
an increase in leaks and bursts in the days and
weeks following this jolt, and Worth saying this jolt was
the strongest in New Zealand actually in over a year.
Speaker 13 (23:51):
And you only scored it an oh as you're with
it today, Hi, cloudy until rain this evening some very
strong more still he's fifteen the high in the city.
Speaker 2 (24:02):
Next neighvas and nevers tough as an e Mac. Yes,
who needs a director scale when you've got mac? That's right?
Telling me about the flood clean up. This is a
milestone for or Con Transport.
Speaker 11 (24:11):
It is for eighty So this is the cleanup from
last year's anniversary weekend flood. So the Transport agency says
it's now completed. Can you believe it? Ninety percent of
repairs so that's the major milestone. So I can tell
you that it's spent about two hundred and twenty five
million dollars on flood repairs. This includes fixing about three
thousand sites, so that includes one hundred and eighteen major slips.
(24:34):
Murray boot he's the infrastructure director. He says, look, we've
got one hundred and sixty five thousand dollars left and
we've got two hundred sites still to repair. He reckons that,
look that they're on track to stay within budget. Do
you believe it?
Speaker 1 (24:47):
No?
Speaker 11 (24:48):
I agree with you because he's said that. You know, look,
they've got challenging repairs still ahead of them.
Speaker 7 (24:52):
So let's see.
Speaker 11 (24:53):
Let's see what happened.
Speaker 2 (24:54):
How's the weather today, Neva.
Speaker 11 (24:55):
We've got morning evening cloud otherwise fine, no rain today.
Speaker 2 (24:58):
Yay yay now high ninety, thank you very much. It
has just gone seventeen minutes away from six News Talks.
Therebb lots of feedback on Dunedin. Andrew says, Ryan, way
too much virtue signaling from Dunedin on this. Someone else
has to pay for that hospital. Three billion dollars too much.
Speaker 1 (25:15):
You're on Newstalk's EBB International Correspondence with ends and eye insurance,
peace of mind for New Zealand business.
Speaker 2 (25:24):
Selba come what's your house worth? And also the treaty
debate which is taking place tonight. We'll get to that
in a second right now, fourteen away from six and
Donod tomorrow is our Australia correspondent Donna. The Prime Minister
Anthony Alberani haz Haing spoken to a vigil marking the
anniversary of October seven.
Speaker 4 (25:40):
Yes, he attended a vigil where about seven thousand people gathered,
some lanterns will let and obviously a lot of reflection
was made on what happened on October seven. But interestingly
the Prime Minister didn't speak at the event and there
was a little bit of in fact, some people were
(26:02):
saying shame as he attended this gathering. But earlier in
the day Anthony Abaneze did issue a video message and
he did say it was a moment to reflect on
the horrific terrost atrocity and yet he holds hope that
peace for all is possible, and he said the first
(26:22):
anniversary will carry terrible pain, including for the families of
those hostages that and he declared sorrow knows no boundaries
and recognizes no differences. Interestingly, he also talked about the
fact that since the atrocities of October seven, as he
put a Jewish Australians have felt the cold shadow of
anti Semitism reaching into present day.
Speaker 2 (26:44):
Is that a bit weird that he didn't. I mean,
he releases a video message, but doesn't she speak at
the vigil?
Speaker 4 (26:50):
It is interesting. Meantime, about ten thousand people gathered in
Sydney at a commemorative event, a vigil, and the Opposition
leader was actually heard just to say that a moral
fog had descended on Australia. And apparently there were cheers
for Bete Dunden who did the opositionally diet my dad
(27:13):
who did speak.
Speaker 2 (27:14):
So yes, I can't.
Speaker 4 (27:17):
Speak for all Australians, but it was an interesting decision
for the PM not to speak last night.
Speaker 2 (27:21):
I certainly was Johnna, thank you very much for that update.
Don and Demo our Australia correspondent with us this morning,
twelve minutes away from six Bryan Bridge. Big debate coming
tonight on the Treaty Principles builders as David Seymour's topic,
Djuur and he will be taking on the Nazi Tower
chief executive Helmet Modlick. They'll go head to head in
a public debate. It will take place at eight pm
(27:43):
this evening. It's been live streamed on all sorts of
different platforms, and Helmet Modlick is with us this morning. Helmet.
Some say we shouldn't be debating the treaty. That is
a very strong line coming from the lights of the party. Mardi.
Does this mean you disagree we do need the debate.
Speaker 6 (27:59):
I agree entirely that we should have a debate, which
is why I've made myself available to participate in it.
What I was discomfited by was the lack of substantive
information and thought exchange. We were only getting, you know,
curated sound bite versions of one position. And so yeah,
I'm looking forward to the debate and welcome it.
Speaker 2 (28:21):
What do you make of tapaty Marii's approach to this,
which has been to throw words like genocide and white
supremacists out there. What's your take on their stance.
Speaker 6 (28:33):
Well, I can't speak for to party Maori, of course,
but what I do know is that the historical record
of the harm that has occurred in the Mali community
as a consequence of breaches of they to await Tonguey
are hard to overstate, and in fact that my memory
shaves me right. I believe the word genocide was originally
used by the white Tonguy tribunal connection with the harm
(28:54):
that resulted to the Taranaki people as a consequence of breaches.
So I understand the feeling, I understand the language, I
understand the passion, and there's no avoid at this point
in our history, though, I think the time for us
is here, is for us to exchange ideas about to
go forward.
Speaker 2 (29:14):
Okay, this sounds promising. This sounds like you're going to
have a robust discussion. Do you you've seen that, You've
seen that the principles that the government has put forward,
David Siemil's put forward. You know, the government has the
power to govern, respecting the rights of Ewy and Hapoo
and being equal before the law. Is there anything wrong
with those?
Speaker 6 (29:37):
Yeah? Well, okay, you don't want me to give away
the game plan for tonight, bud, but just really quickly,
the government has the right to govern and sees who
and how did they get that right? Well, that's a
rather fundamental question than will examine tonight. Secondly that the
rights that accrue to the hapu of in fact, the
bill sees that they are as outlined in the treaty,
(29:58):
but constrained by whatever government of the day actually concedes
that they may be. So there's a lot of logical flaws,
even on the question of equality before the law. I
look forward to pointing out tonight how how equality before
the law is a fiction today, yesterday, and probably tomorrow.
So there's a lot of logical flaws which I look
forward to surfacing. And yeah, well that's it, Helmut.
Speaker 2 (30:21):
How the big one here, and you mentioned it to
start with that the governor has the right to govern.
You say, says, who when did that happen? It's it's
the fundamental question is whether Mary seated sovereignty, whether the crown,
whether the government is sovereign in New Zealand, they have
the right to make laws. You don't think they do.
Speaker 6 (30:41):
You have hit the nail on the head, Ryan, and I.
Speaker 2 (30:43):
Look forward to Jesus, where does that leave us?
Speaker 11 (30:47):
It leaves us.
Speaker 6 (30:47):
It leaves us right where we are, Ryan, right where
we are. So so the real issue isn't about the
the technicalities. The real issue has always is the substance
of our civil society. Do we actually believe in things
like truth and justice and freedoms and equality before the
life we do? Then? Cool, let's look with crystal clear
(31:08):
eyes and what's that got us to where we're at.
We're in a great place. This is an awesome place
with an awesome group of people and democracy call. So
let's not ignore that, but let's be truthful about what
got us here and how to go forward and the
way that Qiwei's actually wants.
Speaker 2 (31:25):
That's it both, all right? Hey, Hey, saldzeg is going
to be a good debate. Look forward to watching it. Helmet,
thanks so much for your.
Speaker 1 (31:31):
Time get ahead of the headlines. Ryan Bridge, you for
twenty twenty four on early edition with Smith City, New
Zealand's furniture bids and a playing store news Talks, it'd be.
Speaker 2 (31:43):
Six minutes away from six year on news Talk, said
be very quickly because I promised you. The QV House
Price Index average home value for September down point four percent,
slight improvement on August, which was down point five for
September quarter, down one point six for the August quarter,
down two. So I mean they call it green shoots?
Is it green shoots or is it just less bad
than it was. I guess they're the same thing. Mike's yeah,
(32:05):
good morning, Mike.
Speaker 14 (32:06):
I'm seeing green shoots in housing, yep, and you buy
I'm all over the place, you know me, I'm just everywhere.
But you're seeing a lot more people at open homes,
and that's been a noticeable trend you're seeing. Spring always
helps if you look at a place north of Auckland,
like Omaha at the moment, which is a beach community.
Speaker 2 (32:24):
Which is obviously where you're looking at it.
Speaker 14 (32:26):
No, I'm not, but it's booming. It's like the number
of listening to the number of houses coming on. So
there's a bit of a vibe about.
Speaker 2 (32:33):
The place because Omaha obviously quite expensive. But if you're
going to buy anywhere, it's so close to the city
at to Aukland, isn't it. That's where you want to there?
Speaker 14 (32:40):
You are you're selling it right.
Speaker 2 (32:41):
Wellington not so much though, down three point two percent,
and the only one that's actually getting worse at the moment.
What do you mean getting worse backwards? Going backwards by
more than it did in the August quarter, if you
know what I mean?
Speaker 14 (32:55):
What Wellington well for obvious reasons, because everyone's been fired.
Well it's all so Tory me. So you've got Tory
and there is no work, So why would you want
to buy a house? Well, mind you, that's the time.
That's how markets work, right, isn't it? As you get
in low, you make your money and get out. I mean,
do I have to tell you everything here? Goodness, Saint,
I do enjoy your life lessons in the morning. Yeah,
(33:17):
today head of the Navy, so he's he's I'm going
to be interested to see. I mean, what do you reckon?
The premium on third party insurance is for a big boat.
Speaker 2 (33:25):
Well, I'm surprised they even had third party, to be honest.
Speaker 14 (33:28):
I was astonished. I asked Judith Collins yesterday, as almost
as a joke, I said, I take it you don't
have insurance, and she will actually we do, And I thought, man,
I don't know where you get insurance from for a
for a warship. Who's underwriting that exactly? And so what
what's your premium? Anyway, So we'll talk to the head
of the Navy and find out where they are with that.
And we find out this morning it's sunk and it's
deep and you know how they're going to do it.
(33:49):
I mean, how big is that job?
Speaker 2 (33:50):
And who are they going to hide?
Speaker 14 (33:51):
The whole thing's a missed, it's a complete miss and
of course the Prime Minister being Tuesday, it's it's Prime
Ministerial Tuesday.
Speaker 2 (33:57):
MICUs with the next I'll be back tomorrow. Have a
great one, everybody.
Speaker 1 (34:08):
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.
The issues, the interviews and the inside. Ryan Bridge you
for twenty twenty four on the early edition with Smith City,
New Zealand's Furniture Beds and a play a store us
Dog SIDB.
Speaker 2 (00:15):
Good morning, it has just gone six after five. Welcome
to your Tuesday morning news Dog said, be great to
have your company this morning. We're going to talk treaty
just before six this morning. Big debate coming tonight between
David Seymour and Helmmeut Modlick. He's the NATI toer EWE
chief executive. He's on the show just before six this morning.
Basically at issue is the government sovereign in New Zealand.
(00:39):
We're going to talk to Westpac. They've got in a
very interesting regional report out this morning. Donald Tomayo out
of Australia and don'tk and grieve on Onenews, dot co
dot MZ being no more.
Speaker 1 (00:52):
The agenda.
Speaker 2 (00:53):
It is Tuesday, the eighth of October. The one year
anniversary of Hamas's attack on Israel has been marked in
the middle at least his Benjamin Netanyahu.
Speaker 3 (01:02):
A year ago.
Speaker 2 (01:03):
We suffered a terrible blow.
Speaker 4 (01:05):
In the past twelve months, we are changing the reality
to end.
Speaker 2 (01:09):
Two Chinese nationals have died and at least ten people
have been injured following an attack in Pakistan by a
militant group. They've carried out the attack, which was targeting
Chinese engineers. The group has been known to carry out
attacks on Chinese nationals involved in Pakistan development projects. The
southeast United States bracing for another major hurricane. Milton is
(01:32):
quickly intensifying Category four.
Speaker 5 (01:35):
Talking about three and a half four and a half
meter storm surge along the west coast of Florida. And
it's significant because Helen produced storm surge about a meter
less than what we're expecting to see.
Speaker 2 (01:47):
With Milton and a new research out this morning, an
analysis of death has shown that rapid improvements in life
expectancy that we achieved over the twentieth century have slowed
dramatically over the past three decades. Basically, we're maxing out.
We're tapping out our ability to live forever. We've done
the cancer, treatments of dementia, the heart disease. What we
(02:09):
need next, they reckon to keep increasing This is drugs
to actually slow the aging process. Good luck with that.
Eight after five.
Speaker 1 (02:19):
On your radio and online on iHeartRadio Early Edition with
Ryan Bridge and Smith City, New Zealand's furniture beds and
applying store new Talk.
Speaker 2 (02:29):
Said be well don't we already have that botox slows
the aging process. Our new research out this morning, also
from aut that I want to bring to your attention,
and it's one of those Yeah, we knew that. So
this is research about the media during the COVID pandemic.
And remember there was subsidies, there was direct cash in
the Public Interest Journalism Fund paid to media private media companies.
(02:53):
This research has found, oh, actually there were some unintended
negative consequences as a result of that. Really, so what
they found is one, it didn't stop the redundancies. Obviously,
people are still being laid off now from these private
companies they were paid. The money was paid to these
companies at a time where they were in profit and
(03:15):
paying their shareholders' dividends, so that doesn't make sense. But
the bigger issue is around the perception of the government
funding and therefore having an influence over what the media
was saying. That was a big one, I think for
a lot of people. So it's essentially confirming what people
(03:35):
already thought and already knew and what like the lights
of Willie Jackson have said on this program before around
the role of the treaty and how that was tied
to some of the funding. Even he conceded that they
overegged that a little bit. And to my mind, the
bigger problem was it was the Decinda Show during COVID,
wasn't it, and everybody just bowing at the feet and
(03:59):
not asking particularly probing questions about all of this. All
the while we're locked in our homes feeling very frustrated.
And everybody's different, right, So some kiwis in their minds
personal freedom, you know, association with their friends and family,
freedom of speech, all of those things are quite vital
(04:20):
to their quality of life. And if there's a perception
that those things are being hindered or shut down, and
that the media was complicit in that, that's almost unforgivable,
isn't it, And maybe that is part of the problem
that we have in the media landscape. Today. We're going
(04:40):
to talk to Duncan Grieve actually about this report from
aut but also about one used dot co dot nz
being shut down. We'd love your views on this this morning.
Nine to nine two is the number to text eleven
after five.
Speaker 1 (04:53):
Ryan Bridge.
Speaker 2 (04:56):
Also this morning, lots of economic data to get through.
How does that Does that got you excited for your
Tuesday house prices? You will be interested in that. Also,
we're going to look at the ocr The guy who
was calling for a one and a half percent cut
by Christmas. He wants to take a sledgehammer to the OCR.
(05:19):
We'll talk about that with Westpac inside the next half hour.
You're on News Talks MB.
Speaker 1 (05:29):
Ryan Bridge new for twenty twenty four on early edition
with Smith City, New Zealand's furniture beds and a playing store.
News Talks EDB.
Speaker 2 (05:38):
Thirteen minutes after five. Great to have you with me
this morning. So this is from Interest dot co dot
in z one year, mortgage rates have fallen to around
six point three to three percent. This is on average.
They peaked at seven point three five percent in January,
so that's a huge drop already. The problem if you're
trying to get a mortgage, if you're trying to get
a home, particularly first home buyers, the test that's being
(06:01):
applied by the banks is still you know, nine percent,
which is quite significant. The other problem we're going to have,
even when rates come down, the debt to income ratios
will kick in they've already started, but they're not you're
not feeling the impact of them because interest rates are
too high, so that will cap the amount you can
borrow at six times your income. So if you are
(06:25):
a first home buyer, sorry, things are going to be
tough for a while yet. And that is assuming that
property prices hold up kind of where they have been
and on that. We have new numbers, which I'll get.
Speaker 1 (06:38):
To in a second bridge right.
Speaker 2 (06:40):
Now, though we're going to Westpac. The Regional Economic roundup
is out. This is the October report. It's a bit
of a mixed bag. It comes also as Greg Smith
from Devon Funds promotes an aggressive sledge hammer approach to
the ocr We've obviously got a cut coming tomorrow, but
how big will it be? He wants one and a
half percent off by Christmas? That would require seventy five
(07:03):
basis points tomorrow and seventy five basis points in November.
Ranchold Is, the Westpac Senior Economists, is with us this morning.
Statistic Good morning.
Speaker 6 (07:13):
Good morning, Ryan.
Speaker 2 (07:14):
First of all, do you think aggressive cuts like that
are required?
Speaker 7 (07:19):
I think that the scope to cut the OCI pretty quickly,
but not that sort of pace. While We've seen that
inflation's coming down, unemployments still high, and we've got tired
interest rate. So that makes the case to cutting the
OSIO fast paced. We saw during the pandemic that when
you cut rates too quickly can't have unintended consequences. It
could risk supercharging the housing market, which could be a
(07:41):
different problem for us altogether.
Speaker 2 (07:43):
Let's look at your regional roundup, HOSTPO, retail bad, Wellington bad.
We expect those things, We know those things. What were
you told about new hiring from businesses?
Speaker 7 (07:54):
What we're hearing is that very few firms are looking
at taking on staff right now. Those pressures a listening
in terms of demands means that they are more cautious
about taking on stuff, and a lot of them have
actually been shedding workers recently.
Speaker 2 (08:07):
Agriculture, tourism, are they giving you a bit of hope.
Speaker 7 (08:11):
They are the bright spots of the economy right now.
Tourism has been a boom for regions like Queen Sound.
We're also seeing some better prices for some of our
key experts. That's been welcome for some of our rural regions.
Speaker 2 (08:24):
Southland. I noticed you mentioned Southland in the report that
they are coming off a little bit.
Speaker 7 (08:31):
Yeah, Southland has seen some more mixed conditions recently, spending
there has flattened off, but with a mix of conditions
they're especially that improvement and agriplaces. It's really looking a
bit more flat rather than weak.
Speaker 2 (08:45):
All right, thanks Sama. Just finally that the North South divide,
who is more optimistic right now?
Speaker 7 (08:53):
I think we are seeing some more positive conditions coming
through in the South Island. They've got that mix of
tourism and agricultu as well as other industries helping to
support sentiments. In the North Island, it was clearly a
weaker pitchure, especially in Wellington for those job loss being felt,
as well as financial pressures right across the country.
Speaker 2 (09:11):
Statists, thanks so much for your time. Satisha Ranchod with
US Westpac Senior Economists, seventeen after five. Up next the
Media with Duncan Grief, The.
Speaker 1 (09:20):
News you Need this morning and the in depth analysis
early edition with Ryan Bridge and Swift City, New Zealand's
Furniture Beds and a Playing Store News Talk.
Speaker 2 (09:29):
Zaid be Milton. The hurricane that's heading towards Florida in
the United States has just been upgraded to a Category
five storm. Winds of two hundred and fifty kilometers an
hour expected. This has just happened in the last few minutes.
Obviously they've been dealing with the fallout from Hurricane Helene
as well, So a lot going on there. Will bring
you more just before the News at five thirty right
(09:49):
now twenty.
Speaker 1 (09:50):
After Ryan Bridge.
Speaker 2 (09:52):
So TVNZ's one News website is set to be cut
from February next year as part of the state broadcasters
news proposal to head a thirty million dollar savings target.
Staff have also been told there's a proposal to consolidate
some business areas to align with its news strategy, et cetera,
et cetera. Dunk and Grieve spinoff founder and media commentator
joins us this morning, Dunk and good morning. Good to
(10:14):
have you on the show. Tell me what happens to
the website. How important is the website to one News.
Speaker 8 (10:22):
I mean, it's a brutal thing to say, but I
don't think it's particularly important to one News. You know,
the core business of them has always been built around
that six pm bulletin, which still has such a large audience,
and the news room is, you know, rightly or wrongly,
driven around creating video the news. So the one news
(10:42):
website never got the scale of audience to compete with
the bigger text driven websites, and as a result, it's
it's always set a bit off to the side. In
my opinion.
Speaker 2 (10:54):
You can't tell me that costs thirty million dollars to
run the website, right, So where else are the saving
is going to come from?
Speaker 8 (11:02):
I mean, that's a really good point, you know. I'd
say there's probably maybe a couple of million, maybe a
bit more in savings associated with the website across you know,
the editors, writers, specialized journalists, development and so on. But
(11:22):
thirty million dollars is just an enormous sum for it
or Slight TV, and it represents roughly ten percent of revenues.
But remember they've got a lot of money that goes
straight out the door on playing overseas content or local production.
So if they're looking to find that within the house,
you know, suddenly that starts to look like a very
large proportion of their spend and a lot more staff
(11:45):
than just a website.
Speaker 2 (11:47):
This idea of putting video content on their at news
video content on their app, it sounds like a good
one to me. They'll be competing with I guess the
likes of YouTube. Maybe it's more of a local flavor.
Do you think it could work.
Speaker 8 (12:02):
I think it could work. I don't think it's guaranteed
by any means. It's unfortunate in a way that TV
d Plus, which you know, and it's predecessor TV said
on demand, has been running for the second of teen
years and news has never felt like a priority for it,
not certainly not the way it does on the linear stream.
So they're coming from behind to an extent. But even
(12:26):
if you go and look at the app now you
know they've got this new John Campbell true crime series
from a place you can now access individual clips of
the news from the home page. You know, it's it's
a bit of a sort of stop gap compared to
what a fully kind of you know, realized vision of
(12:46):
news within TV and Z plus would look like. But
it's a start, and that's clearly where they're going to
put all the energy now into the digitational news offering.
Speaker 2 (12:53):
It does sound like it, doesn't it. Hey, this aut report,
I know we've only just seen at you this morning
and it's only just come out, but it's it's essentially
saying that the funding that was given to the media
during the COVID pandemic, you know, the Public Interest Journalism Fund,
et cetera, had some unintended negative consequences, which I'm I
kind of thought was obvious. But they're saying, you know,
(13:14):
it didn't stop the redundancies. It was paid at a
time where private companies were paying dividends and making profits,
and it also led to perception problems. You think it's valid.
Speaker 8 (13:26):
Not really. I mean, like I sort of looked at
the study when it arrived yesterday and I was like, yeah,
a lot of it's captain obvious and essentially duplicative of
a U two researcher already exists around the sort of
trust issue. But the idea that you that it went
to private companies that are paying dividends. You know, if
(13:46):
if the government's kind of participation in news means that
private companees are to stop paying dividends, that it can
only participate them basically not for profit, so therefore only
hour and that So that just seems like a weird
thing to single out. And the whole structure of the
PIGF was here is some money for you to do
(14:08):
something new. You wouldn't ordinarily do, which meant that it
was kind of cost neutral, but it but it did
its job on that front. But unfortunately, because of the
timing of it and because of you know, the sort
of world canvas, you know, ways that it approached particular areas,
it led to a perception of politicization. But again, this
(14:31):
is all sort of quite well known, so I didn't
really see what the function of that research was.
Speaker 2 (14:36):
I've got to study something, don't they aut.
Speaker 8 (14:39):
The thing that's interesting is like, we have these journalism
schools kind of creating journalists, but we also have an
industry that is, you know where this time in February
of next year, we'll have too fewer of our five
biggest news sites, you know, And so what is the
pipeline for, Like why are we educating journalists because right
(15:01):
now it looks like this is an industry that is
running to shut down. So, you know, it's weird that
they're doing with kind of semi esoteric research projects when
the big question is why are we training people at all?
Speaker 2 (15:14):
Don't Angrieve with a great start to your morning. Thank
you very much for your time. It's been off. Founder
and media commentator on One News and the state of
the media. More generally twenty five after five the early.
Speaker 1 (15:24):
Edition full the Show podcast on iHeartRadio, Power by News Talks.
Speaker 2 (15:28):
At me, you're on news Talks. There'll be twenty seven
minutes after five o'clock. Inflation is still the dominant force
in global politics, no doubt about it. We've got the
US election next month. The Aussies are going to the
polls by midway through next year, so are the Canadians.
We just had the UK, we've just had France, and
inflation rules the roost and bad news for old Elbow
(15:50):
in Australia. There's a new poll out this morning that
has him neck and neck with Dutton and with the Coalition.
But here's it's the bad part, the really bad part.
Forty four percent of Aussies think the economy will worsen
in the next six months. What's more, Dust and the
Coalition are favored on the economy thirty eight percent to
(16:11):
twenty six percent, and more people blame the government for
causing inflation rather than global issues. So he has an
uphill battle, doesn't he. For New Zealand, inflation should be
should be a distant memory by the time we had
twenty twenty six. In our next election, it's expected to
be inside the target range. By Christmas. GDP should have
(16:35):
picked up, unemployment, should have fallen, torourism, agriculture. We've already
heard this morning or showing promising signs. But there's always
a defining issue in a political campaign, isn't there? What
will ours be in twenty twenty six? Do you think
a smart government will always try to define what that
issue is ahead of time and to control the narrative,
(16:55):
control the language around it, control the debate. I think
the biggest risk for the National Party this point, this
far out. I know it is a bit far for predictions,
crystal ball gazing, but I think at this stage it
is probably public service cuts, you know Dunedin Hospital, public transport, health,
education etc. The reality is probably most of us will
(17:16):
give them another go, but it wouldn't hurt them to
keep an eye on what comes next. Twenty nine after five.
Speaker 1 (17:27):
To the First Word on the News of the Day
Early edition with Ryan Bridge and Smith City New Zealand's
furniture beds and a play at store.
Speaker 9 (17:46):
News Talk zibby, good morning, it is twenty four minutes
away from six.
Speaker 2 (18:00):
You're on news Talk, said be great to have your
company this Tuesday. Australians apparently easy prey for cryptos scammers?
Is it because they're stupid? It's not very nice. Donald
Demato is with us out of Australia shortly. Also, the
big Treaty debate kicks off tonight. We're going to speak
to one of the participants, the guy who's going up
against David Seymour David and Goliath. He is with us
(18:20):
just before six this morning. Lots of your feedback on
what the next big issue will be for the government
when it comes to getting elected. This is twenty twenty six.
I know it's a bit far in the future, Ryan,
I think the big thing at the next election will
be the Treaty Principles and National could lose some votes
to Act. That's obviously the ACT party's strategy, David Simol's
(18:41):
strategy with this Treaty Principle's Bill, because he knows it's
going nowhere, but he knows it will sit on the
books and then hopefully he can revive it or at
least use it as a stick to beat the government,
to beat National with it the next election. Will it work?
I don't know. I don't know. It depends what else
is going on, right, And that's the question we've been
asking this morning on COVID and this new report out
(19:01):
from aut which says basically, during COVID, government paid media money,
media was still making profit and perception problems created for media,
huge problems, and so many of you have gotten touch
about this. In particular, Ryan, we completely stopped watching television
during COVID and we just haven't gone back there. One
(19:23):
news is of the world who've announced cuts in the
last couple of hour, twelve hours paying the price for
this still, says Penny Penny. Thanks for your message, Ryan.
Of course the media was complicit, TV and ZE radio
in New Zealand, stuff, etc. All of them were bribed
by the government. I make a slight distinction and that
I don't think it was the money that was causing
(19:45):
the problems. I think it was COVID and journalists and
the media felt that if they stepped outside of the
lines around COVID and the you know, the narrative, then
they would get into big trouble. And look what to
(20:06):
hap him to Simon Bridges when he tried to step
outside of the lines a little bit, he got rolled
from the National Party. Do you know what I mean?
I think that was the bigger problem anyway, I digress
twenty two minutes away from six News talks the'b Brian Bridge.
We're going to our reporters around the country and we're
starting with Cullum and Nedin this morning. Culum, give us
an update. The protests continue, albeit behind the scenes on
(20:28):
the hospital. Yeah, that's right.
Speaker 3 (20:32):
Look, Prime Minister Christopher Luxe and visited Dunedin yesterday and
everywhere he turned he was ambushed by hospital protesters, which
is not surprising. He was here checking in on how
the city coped with Friday's floods.
Speaker 2 (20:45):
This protest after.
Speaker 3 (20:46):
The government signaled a hospital project downgrade following a claim
three billion dollar blowout.
Speaker 2 (20:52):
Even the mayor was protesting. Him and fellow counselors.
Speaker 3 (20:54):
Wore the hospital protest t shirts for the Prime Minister's
visit yesterday and the mutuals. Radick says, look, his Southern
delegation protest to Wellington remains on the cards. He says,
a solid protest campaign is still planned. They want the
government to deliver what was promised and he's also signing
the Bullet Declaration today stating our health systems in crisis.
Speaker 2 (21:17):
All right, and your weather today, your health system not great,
But how's your weather looking? Yeah? Look better?
Speaker 3 (21:22):
Another good data for the city to dry out. Find
today one or two afternoon showers, northerly, strong and exposed
places and a warm high of nineteen All.
Speaker 2 (21:31):
Right, come, thank you for that. Clear and christ Church clear,
Good morning to you. So these buses, the public transport
they were going to put on for the cruise ships,
have they been axed?
Speaker 7 (21:40):
Yeah?
Speaker 10 (21:40):
Look, this has all been bubbling around here just for
the last kind of twenty four hours or so. Ryan,
we've effectively learned that e CAN here won't be funding
additional bustners or support staff for this upcoming ship cruise
ship season.
Speaker 11 (21:53):
Of course, we're only a week out.
Speaker 10 (21:55):
From the first ship docking at Littleton. The thing about
this is the call was made back in April, during
the long term planned deliberations. E CAN tells us that
was in order to help reduce rates increases because there
was community concern about the original rates proposal. There's been
some backlash from residents though, saying they weren't aware of
it and that it's come as a shock. Local government
(22:15):
expert Andy Asquith says the situation didn't need to be
directly communicated instead of buried in documents and then released
this week to us in the media. He says it's
a big ask to expect the average citizen to read
all LTP decisions.
Speaker 2 (22:30):
Yeah, I think it is too clear. Your weather today a.
Speaker 10 (22:33):
Really foggy start here in christ Church. The northwesterlies will
be strong and exposed places too afternoon, gusting eighty kilometers
per hour before easing. The high though eventually will be
twenty one.
Speaker 2 (22:43):
All right, thank you Max's and Wellington. Hey Max, your
buildings are being inspected, your residents are being evacuated and
they're being sent back in. Yeah.
Speaker 1 (22:52):
No.
Speaker 12 (22:52):
Look, as someone who lived through to major quakes in
christ Church, this one was moderate. I would say there's extreme,
which is oh, and then there's moderate, which is oh.
And this was more of a oh. But look, you're
hearing me to start this morning because we've obviously been
let back into our office yesterday. We were kicked out
after some cracks were noticed on Sunday and inspection was done.
(23:15):
And we're not the only one. Quite a few owners
taking a cautious approach around the city this week. The
Council also says seventeen of its buildings have been inspected.
The Opera House, Saint James Theatre, Michael Fowler Center, all
apparently passing with flying colors. But it was a big
enough for shake to crack open. Some of our decades
old pipes to drinking water pipes have broken. One pottydoer
(23:37):
one in Kelburn, Wellington water reckons. We're going to see
an increase in leaks and bursts in the days and
weeks following this jolt, and Worth saying this jolt was
the strongest in New Zealand actually in over a year.
Speaker 13 (23:51):
And you only scored it an oh as you're with
it today, Hi, cloudy until rain this evening some very
strong more still he's fifteen the high in the city.
Speaker 2 (24:02):
Next neighvas and nevers tough as an e Mac. Yes,
who needs a director scale when you've got mac? That's right?
Telling me about the flood clean up. This is a
milestone for or Con Transport.
Speaker 11 (24:11):
It is for eighty So this is the cleanup from
last year's anniversary weekend flood. So the Transport agency says
it's now completed. Can you believe it? Ninety percent of
repairs so that's the major milestone. So I can tell
you that it's spent about two hundred and twenty five
million dollars on flood repairs. This includes fixing about three
thousand sites, so that includes one hundred and eighteen major slips.
(24:34):
Murray boot he's the infrastructure director. He says, look, we've
got one hundred and sixty five thousand dollars left and
we've got two hundred sites still to repair. He reckons that,
look that they're on track to stay within budget. Do
you believe it?
Speaker 1 (24:47):
No?
Speaker 11 (24:48):
I agree with you because he's said that. You know, look,
they've got challenging repairs still ahead of them.
Speaker 7 (24:52):
So let's see.
Speaker 11 (24:53):
Let's see what happened.
Speaker 2 (24:54):
How's the weather today, Neva.
Speaker 11 (24:55):
We've got morning evening cloud otherwise fine, no rain today.
Speaker 2 (24:58):
Yay yay now high ninety, thank you very much. It
has just gone seventeen minutes away from six News Talks.
Therebb lots of feedback on Dunedin. Andrew says, Ryan, way
too much virtue signaling from Dunedin on this. Someone else
has to pay for that hospital. Three billion dollars too much.
Speaker 1 (25:15):
You're on Newstalk's EBB International Correspondence with ends and eye insurance,
peace of mind for New Zealand business.
Speaker 2 (25:24):
Selba come what's your house worth? And also the treaty
debate which is taking place tonight. We'll get to that
in a second right now, fourteen away from six and
Donod tomorrow is our Australia correspondent Donna. The Prime Minister
Anthony Alberani haz Haing spoken to a vigil marking the
anniversary of October seven.
Speaker 4 (25:40):
Yes, he attended a vigil where about seven thousand people gathered,
some lanterns will let and obviously a lot of reflection
was made on what happened on October seven. But interestingly
the Prime Minister didn't speak at the event and there
was a little bit of in fact, some people were
(26:02):
saying shame as he attended this gathering. But earlier in
the day Anthony Abaneze did issue a video message and
he did say it was a moment to reflect on
the horrific terrost atrocity and yet he holds hope that
peace for all is possible, and he said the first
(26:22):
anniversary will carry terrible pain, including for the families of
those hostages that and he declared sorrow knows no boundaries
and recognizes no differences. Interestingly, he also talked about the
fact that since the atrocities of October seven, as he
put a Jewish Australians have felt the cold shadow of
anti Semitism reaching into present day.
Speaker 2 (26:44):
Is that a bit weird that he didn't. I mean,
he releases a video message, but doesn't she speak at
the vigil?
Speaker 4 (26:50):
It is interesting. Meantime, about ten thousand people gathered in
Sydney at a commemorative event, a vigil, and the Opposition
leader was actually heard just to say that a moral
fog had descended on Australia. And apparently there were cheers
for Bete Dunden who did the opositionally diet my dad
(27:13):
who did speak.
Speaker 2 (27:14):
So yes, I can't.
Speaker 4 (27:17):
Speak for all Australians, but it was an interesting decision
for the PM not to speak last night.
Speaker 2 (27:21):
I certainly was Johnna, thank you very much for that update.
Don and Demo our Australia correspondent with us this morning,
twelve minutes away from six Bryan Bridge. Big debate coming
tonight on the Treaty Principles builders as David Seymour's topic,
Djuur and he will be taking on the Nazi Tower
chief executive Helmet Modlick. They'll go head to head in
a public debate. It will take place at eight pm
(27:43):
this evening. It's been live streamed on all sorts of
different platforms, and Helmet Modlick is with us this morning. Helmet.
Some say we shouldn't be debating the treaty. That is
a very strong line coming from the lights of the party. Mardi.
Does this mean you disagree we do need the debate.
Speaker 6 (27:59):
I agree entirely that we should have a debate, which
is why I've made myself available to participate in it.
What I was discomfited by was the lack of substantive
information and thought exchange. We were only getting, you know,
curated sound bite versions of one position. And so yeah,
I'm looking forward to the debate and welcome it.
Speaker 2 (28:21):
What do you make of tapaty Marii's approach to this,
which has been to throw words like genocide and white
supremacists out there. What's your take on their stance.
Speaker 6 (28:33):
Well, I can't speak for to party Maori, of course,
but what I do know is that the historical record
of the harm that has occurred in the Mali community
as a consequence of breaches of they to await Tonguey
are hard to overstate, and in fact that my memory
shaves me right. I believe the word genocide was originally
used by the white Tonguy tribunal connection with the harm
(28:54):
that resulted to the Taranaki people as a consequence of breaches.
So I understand the feeling, I understand the language, I
understand the passion, and there's no avoid at this point
in our history, though, I think the time for us
is here, is for us to exchange ideas about to
go forward.
Speaker 2 (29:14):
Okay, this sounds promising. This sounds like you're going to
have a robust discussion. Do you you've seen that, You've
seen that the principles that the government has put forward,
David Siemil's put forward. You know, the government has the
power to govern, respecting the rights of Ewy and Hapoo
and being equal before the law. Is there anything wrong
with those?
Speaker 6 (29:37):
Yeah? Well, okay, you don't want me to give away
the game plan for tonight, bud, but just really quickly,
the government has the right to govern and sees who
and how did they get that right? Well, that's a
rather fundamental question than will examine tonight. Secondly that the
rights that accrue to the hapu of in fact, the
bill sees that they are as outlined in the treaty,
(29:58):
but constrained by whatever government of the day actually concedes
that they may be. So there's a lot of logical flaws,
even on the question of equality before the law. I
look forward to pointing out tonight how how equality before
the law is a fiction today, yesterday, and probably tomorrow.
So there's a lot of logical flaws which I look
forward to surfacing. And yeah, well that's it, Helmut.
Speaker 2 (30:21):
How the big one here, and you mentioned it to
start with that the governor has the right to govern.
You say, says, who when did that happen? It's it's
the fundamental question is whether Mary seated sovereignty, whether the crown,
whether the government is sovereign in New Zealand, they have
the right to make laws. You don't think they do.
Speaker 6 (30:41):
You have hit the nail on the head, Ryan, and I.
Speaker 2 (30:43):
Look forward to Jesus, where does that leave us?
Speaker 11 (30:47):
It leaves us.
Speaker 6 (30:47):
It leaves us right where we are, Ryan, right where
we are. So so the real issue isn't about the
the technicalities. The real issue has always is the substance
of our civil society. Do we actually believe in things
like truth and justice and freedoms and equality before the
life we do? Then? Cool, let's look with crystal clear
(31:08):
eyes and what's that got us to where we're at.
We're in a great place. This is an awesome place
with an awesome group of people and democracy call. So
let's not ignore that, but let's be truthful about what
got us here and how to go forward and the
way that Qiwei's actually wants.
Speaker 2 (31:25):
That's it both, all right? Hey, Hey, saldzeg is going
to be a good debate. Look forward to watching it. Helmet,
thanks so much for your.
Speaker 1 (31:31):
Time get ahead of the headlines. Ryan Bridge, you for
twenty twenty four on early edition with Smith City, New
Zealand's furniture bids and a playing store news Talks, it'd be.
Speaker 2 (31:43):
Six minutes away from six year on news Talk, said
be very quickly because I promised you. The QV House
Price Index average home value for September down point four percent,
slight improvement on August, which was down point five for
September quarter, down one point six for the August quarter,
down two. So I mean they call it green shoots?
Is it green shoots or is it just less bad
than it was. I guess they're the same thing. Mike's yeah,
(32:05):
good morning, Mike.
Speaker 14 (32:06):
I'm seeing green shoots in housing, yep, and you buy
I'm all over the place, you know me, I'm just everywhere.
But you're seeing a lot more people at open homes,
and that's been a noticeable trend you're seeing. Spring always
helps if you look at a place north of Auckland,
like Omaha at the moment, which is a beach community.
Speaker 2 (32:24):
Which is obviously where you're looking at it.
Speaker 14 (32:26):
No, I'm not, but it's booming. It's like the number
of listening to the number of houses coming on. So
there's a bit of a vibe about.
Speaker 2 (32:33):
The place because Omaha obviously quite expensive. But if you're
going to buy anywhere, it's so close to the city
at to Aukland, isn't it. That's where you want to there?
Speaker 14 (32:40):
You are you're selling it right.
Speaker 2 (32:41):
Wellington not so much though, down three point two percent,
and the only one that's actually getting worse at the moment.
What do you mean getting worse backwards? Going backwards by
more than it did in the August quarter, if you
know what I mean?
Speaker 14 (32:55):
What Wellington well for obvious reasons, because everyone's been fired.
Well it's all so Tory me. So you've got Tory
and there is no work, So why would you want
to buy a house? Well, mind you, that's the time.
That's how markets work, right, isn't it? As you get
in low, you make your money and get out. I mean,
do I have to tell you everything here? Goodness, Saint,
I do enjoy your life lessons in the morning. Yeah,
(33:17):
today head of the Navy, so he's he's I'm going
to be interested to see. I mean, what do you reckon?
The premium on third party insurance is for a big boat.
Speaker 2 (33:25):
Well, I'm surprised they even had third party, to be honest.
Speaker 14 (33:28):
I was astonished. I asked Judith Collins yesterday, as almost
as a joke, I said, I take it you don't
have insurance, and she will actually we do, And I thought, man,
I don't know where you get insurance from for a
for a warship. Who's underwriting that exactly? And so what
what's your premium? Anyway, So we'll talk to the head
of the Navy and find out where they are with that.
And we find out this morning it's sunk and it's
deep and you know how they're going to do it.
(33:49):
I mean, how big is that job?
Speaker 2 (33:50):
And who are they going to hide?
Speaker 14 (33:51):
The whole thing's a missed, it's a complete miss and
of course the Prime Minister being Tuesday, it's it's Prime
Ministerial Tuesday.
Speaker 2 (33:57):
MICUs with the next I'll be back tomorrow. Have a
great one, everybody.
Speaker 1 (34:08):
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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