October 9, 2024 • 34 mins
On the Early Edition with Ryan Bridge Full Show Podcast for Thursday 10th of October, the Reserve Bank has dropped the Official Cash Rate to 4.75% - what does it mean for the property market and your mortgage rates?
Transpower has released a new resilience plan for Northland's power grid following the transmission tower collapse in June - will it make a difference? Northland MP Grant McCallum joins the show to discuss.
Our air is slowly getting cleaner, but the pollutants in it are worse for our health than previously thought. Dr Guy Coulson talks to Ryan about the potential impacts of unhealthy air.
Hurricane Milton is closing in on Florida's west coast, with tornados making landfall ahead of its arrival. We're live to the United States for the latest.
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Speaker 1 (00:01):
The issues, the interviews and the inside. Ryan Bridge new
for twenty twenty four on the early edition with Smith City,
New Zealand's furniture vans and a playing store.
Speaker 2 (00:14):
Youth talks.
Speaker 3 (00:15):
It'd be good morning, welcome to your Thursday. Just gone
six after five. Coming up on the show before six,
the OCR reduction.
Speaker 4 (00:22):
A window of.
Speaker 3 (00:23):
Opportunity has opened for homeowners. How long do you have
to jump through it? We'll look at that before six.
Also this morning, Hurricane Milton is about to make landfall
in Florida. Why people aren't evacuating even though they're being
told to? Our US correspondent explained Northland's getting some well
I think short changed on the power Piland debarcle and
(00:45):
what did Ukraine get putin for his birthday?
Speaker 2 (00:50):
The agenda.
Speaker 4 (00:51):
It is Thursday, the tend of October. Category four.
Speaker 3 (00:54):
Now, this Hurricane Milton, it's just hours away from making
landfall in Florida, looks dangerous.
Speaker 5 (01:00):
Hurricane Milton is still a major, very strong hurricane. While
there is the hope that it will weaken more before landfall,
there is high confidence that this hurricane is going to
pack a major, major punch and do an awful lighter damage.
Speaker 3 (01:18):
Big Warrior is storm surges of up to three meters.
Boeing has withdrawn its thirty percent pay rise off it
to its thirty thousand workers who've been on strike for
almost a month.
Speaker 4 (01:27):
We've been talking about this for that long.
Speaker 3 (01:29):
The union has rejected the offer, saying it wants forty percent,
so Boeing now playing hardball. Negotiations have since broken down,
with no further talks planned. A hell of a firestorms
erupting in the US. Karmela's campaign is distancing itself from
running mate Tim Wolves. Nothing funny about this. Wolves says
(01:50):
he wants to scrap the electoral college system. That's the
two hundred and seventy you need to win, and he
said we should be going with just the popular vote.
This this is hugely controversial. It's part of their constitution.
Messing with the constitution is like touching Donald Trump's here,
you just don't do it.
Speaker 4 (02:07):
What's worse, He.
Speaker 3 (02:09):
Said it during a private fundraiser with some wealthy Hollywood
elites at the home of California government Gavin Newsom. Half
of KVY mortgage holders are crouching in the bushes this morning,
ready to pounce on a slashed ocr.
Speaker 6 (02:25):
Around half of mortgage borrowing is now fixed or floating
for six months or less. That, by the way, is
the largest amount since records began in twenty seventeen.
Speaker 3 (02:37):
My advice keep crouching, not that you listen to me.
We're expecting another fifty basis point cut in November. When
you add that to August and the one from yesterday,
that's one hundred and twenty five basis points one point
two five percent by Christmas, and we will get more
next year. The Reserve Bank takes a beach break back
in February.
Speaker 1 (02:57):
The first word on the News of the day the
early edition with Ryan Bridge and Smith City, New Zealand's
furniture beds and a playing store, New Talk Zipy.
Speaker 3 (03:07):
So we've done it, New Zealand. Congratulations, we have done it.
The war is over. CPI is now within licking distance
of its mid point two percent, which is in the
target range, the midpoint of the target range. Of course,
we should be angry. We should be angry. We had
to go to war in the first place, and it
was the same general, if you will, in Adrian Or
(03:31):
it's brought the boys home, same guy that sent them
packing to the bloody fields of punishingly high mortgage interest rates.
And that's because of well we all know this story,
too much larges, both monetary and fiscal, helping to drive
rates up, prices up, and then the rates had to follow.
Speaker 4 (03:50):
And it's my.
Speaker 3 (03:50):
First experience of inflation. I'm what thirty six years old,
first experience with inflation. And what a horrific heat leiness, brutal,
ugly enemy.
Speaker 4 (04:03):
She is or he is.
Speaker 3 (04:04):
Don't want to be sexist to inflation, man, boy, I
didn't know how it would make you feel. I mean,
you learn about this and when you do economics at school,
you learn about the theory of it, you understand the
machinations of it. But the way that it makes you feel,
it's the lack of control. And then it's like you're
(04:24):
stuck in a whirlpool and it's just going round and
around and around, and you look up and there is
a life raft and on that life raft is Desender
an Adrian pouring more water in.
Speaker 7 (04:37):
Ah.
Speaker 3 (04:38):
Anyway, we've won the war. We won the war. That
is the good news this morning. We've made the sacrifices
and we have won the war. What are the lessons?
The lessons pay down your debt fast, become more self reliant.
Think before we vote. We must think more before we vote.
When politicians promise things, and you see them doing it
(04:59):
over in the States at the moment when they promise
you things, ask them how much does that cost and
where are you getting that money from? How is that
being funded? Because when the shit hits the fan, and
it will again, there is no doubt about that. These
are the lifeguards on the side of the pool. Please, please,
for the love of God, make sure they can swim.
(05:22):
Ryan Bridge, eleven minutes after five. We'd love to get
your feedback this morning. Nine two ninety two is the
number two text. Hey, also just a quick bit of
news out of Ukraine. So it's Putin's seventies second birthday.
We were talking about this yesterday because Kim Jong sent
(05:44):
him a love letter saying you're my best friend. I mean,
it's a lonely world that you know, when you're a dictator,
I imagine you don't have many friends. So today he's got
his present from Ukraine has pushin his seventy second birthday
(06:04):
gift was a massive hack cyber attack on Russia. To
celebrate the birthday, they've taken out a whole bunch of stuff, businesses,
TV stations, you name it.
Speaker 4 (06:15):
Happy Birthday to President.
Speaker 1 (06:17):
Pushin on your radio and online on iHeartRadio. Early edition
with Ryan Bridge and Smith City, New Zealand's furniture Beds
and a playing store.
Speaker 4 (06:34):
News Talk said be past five.
Speaker 3 (06:36):
News Talk said, B we'll give you an update on
Hurricane Milton, which is making lambfall and Florida at the moment,
lots of people aren't evacuating. There will tell you why.
We're with a US correspondent. That's just before six this morning.
In our neck of the woods, the neewer predictions have
come out. This is the Southwest Pacific Tropical cyclone outlook
for this season, running from November through April, indicating a
(06:59):
normal to below normal activity level. So it sounds so far,
so boring. The interesting part is that it's not really
the cyclones that hit us, it's the ones that brush
by us, as Gabrielle did, and for that we have
a normal to elevated risk.
Speaker 4 (07:16):
So although there are tipped to be.
Speaker 3 (07:17):
Fewer hurricanes going through our region, the chances of one
of them hitting us are normal or elevated. This is
within five hundred and fifty kilometers of New Zealand, so
bad news in some ways good news for the rest
of the region. And we're going to look at this
issue of the government's response to cyclones. The government is
(07:38):
responding this morning to the North Island storms report that
is embargo till five thirty, So after five point thirty
i'll give you more details on what exactly.
Speaker 2 (07:46):
They're going to do brian Bridge.
Speaker 3 (07:48):
Right now, though, from one disaster to another. That pylon
up in Northland that fell over and caused something different
impacts and damage across the region. Trans Power is going
to be paying one million dollars towards resilient power projects
for Northland following that transmission tower collapse. Grant McCallum is
(08:09):
the Northern the MP. He's with us this morning, Grant, good.
Speaker 4 (08:11):
Morning, right.
Speaker 8 (08:13):
And the difference between this and the cyclone damage is
that this was not an act of God. It was
an active and competence.
Speaker 4 (08:19):
But we all know that, yes, quite right. Is this
enough to make up for it?
Speaker 8 (08:24):
No, of course not. I don't think anyone's under illusion
about that. But I think one a lot of people
don't realize is that Transpower do not have to guarantee
power supply it's in the Act. And so to actually
get them to give up cough up with anything is
it was quite a challenge to be fair, but we managed.
So we managed to squirrel a million dollars out of them,
(08:44):
which we'll use two A region wide projects and benefit
of Northland. Not not a lot of money, really, but
at least it's an acknowledgment and a good will payment
sense that they did actually cause some harm to the
people of Northland.
Speaker 3 (08:58):
What do you reckon? The cost was tens of millions.
Speaker 8 (09:00):
Well, well it was. I've seen estimates ranging from forty
to eighty million, So take your pick, you know.
Speaker 4 (09:06):
And they gave you one. They gave you one.
Speaker 8 (09:09):
Yes, but they started at zero and when they're obliged
to do nothing in this case, so that so we
did our best to get some money out of them.
Do you say that's what we came up.
Speaker 3 (09:21):
Do you think there should be some kind of lord
change so that they're not they're obliged to do.
Speaker 4 (09:25):
More than zero.
Speaker 8 (09:26):
Well, ultimately I suppose that come would come down to
the how much you will pe to pay for power? Because,
as it had explained to me, if we if we
may have to make everything more resilient, it'll cost more
and the power prices go up. So I think as
long as people that undo bolts unnecessarily, we should be fine.
Speaker 3 (09:42):
Right Northland, I didn't realize this. Northland, you're actually a
net exporter of energy. You've got your geo them on
your Kai car. You've got a big solar going in.
Can you are you confident in the lines the distribution
to get it down country to us?
Speaker 8 (09:57):
This is a real opportunity. Actually we're not quite And
then explored right there on the verge, we've got the
potential that if we upgrade the transmission lines from Marsden
Point North up to Kaikohe and kok Tire and I
was arguable we can then generate another six hundred bigger
Watson conceded energy, including increasing they there Martha, and that
will make a real difference to Northland and also supply
(10:19):
energy from the North into Auckland, which will help them
because at the moment all their energy comes from the south.
Speaker 4 (10:24):
Yeah. No, it'd be lovely to have some from you guys.
Speaker 9 (10:27):
And you know, you know what's happened for it tur
if we get.
Speaker 4 (10:29):
You charge away.
Speaker 3 (10:31):
But you know what happens as soon as Auckland's involved,
and you know everything will be done, will be fixed
and done quickly.
Speaker 8 (10:38):
You know, well, well you know that's there might be
a word called leverage we can be trying to use
there right absolutely.
Speaker 3 (10:44):
Hey, thanks very much for your time this morning. Great
to have you on Grant McCallum, Northland MP. So there
you go, getting a million bucks, which is, as it says,
better than none.
Speaker 2 (10:52):
News and views you trust to start your day.
Speaker 1 (10:55):
It's early edition with Ryan Bridge and Smith City, New
Zealand's furniture.
Speaker 2 (11:00):
It's and a flying store you've talk zibby.
Speaker 3 (11:02):
Update on Hurricane Milton and Florida coming your way very shortly.
Lots of great texts on inflation, will get to those two.
Chinese stocks have suffered their worst fall in twenty seven years.
You know that we've been speaking about this. The Chinese
government has been trying to stimulate the economy, which has
been well a bit lackluster of late. I mean they're
(11:22):
still growing, but it's not great for China anyway. They
were expecting more because once you put your hand out,
people expect the hands to keep getting put out. Hasn't
and so stocks are falling, suffering their worst fall than
twenty seven years. We'll have more on that a little later,
just gone twenty two, after five Ryan Bridge. Air pollution
is gradually getting better in New Zealand, but much of
the air we breathe is still more polluted than The
(11:44):
World Health Organization recommends doctor Guy Colson as the director
of the Air Quality Collective.
Speaker 4 (11:48):
He's with us this morning. Good morning, cure rome is
ear so bad here order to kill us?
Speaker 9 (11:56):
Sorry sir, that again?
Speaker 4 (11:57):
Is the air so bad in New Zealand that could
kill us.
Speaker 9 (12:02):
In some places? Yes? I mean generally air quality in
New Zealand's very very good, you know, but there are
small pockets where we could do better. And our best
estimate at the moment is that something of the region
and three thousand people die each year as a direct
(12:22):
result of air pollution where they live.
Speaker 3 (12:27):
How do we know that these people die from the pollution?
Do they live literally next to a motorway?
Speaker 9 (12:36):
I can't give you their names and addresses. It never
said on anyone's death certificate that they died of their pollution.
This is a statistical measure, if you like. We know
from epidemiological studies around the world that an increasing level
of air pollution leads to an increasing number of corresponding
(12:57):
number of deaths. A statistical association. You know that as
air quality increases, the number of people turning up our
hospital or dying will go up as a function of that.
Speaker 3 (13:11):
This motion concentration, this gradual improvement in our air pollution
thanks to what cleaner cars, heat pumps and things.
Speaker 4 (13:20):
Is this a good thing? Does this meme? We're sort
of on the right track.
Speaker 9 (13:24):
It's going in the right direction, definitely, Yes, it's just
happening rather slowly. So when our air quality legislation came
in about twenty years ago, there were a lot of
places that were very bad and they improved rapidly till
they met the legislation and then for the most part
(13:45):
improvement from there has been very slow. But yes, we
then what's going in the right direction, but as usual,
could be better.
Speaker 3 (13:57):
Where is the best place in New Zealand if you
if you do worry about pollution, where's the place to live.
Speaker 9 (14:05):
Out of the main town centers. So if the large
town centers like Auckland, Wellington, christ Church have a traffic
pollution problem, and then small towns in the rest of
the country, particularly sort of south Ireland.
Speaker 3 (14:27):
I think we just lost them. Yes, I think we
have too. Anyway, that was Dr Guy Colson, director of
Air Quality Collective. The interesting thing about the Equality Collective,
so he was part of a bunch of guys who
were employed at Kneewha to look at ear quality monitoring.
They got fired because made redundant because of change is there.
He's now gone and set up with his buddies, an
(14:49):
independent group and they are contracting back to the government.
He says, at the moment, the government doesn't have any
any ear quality monitoring experts on hand. Space Just go
out somewhere in the country and the wind and breathe
if you're really feeling you know, if you've got a
bad chest issue, just don't live under a motorway. Twenty
(15:10):
five after five.
Speaker 1 (15:11):
The early edition Full the Show podcast on iHeartRadio Power
by News TALKSB.
Speaker 3 (15:17):
You're on News TALKSB. It is twenty seven minutes after five. Lookout,
kiwe's your power bill is about to go up. I know,
I know we're celebrating this morning. The ocr the money
back in your pockets is coming and fation coming down.
But MB has warned the government that electricity prices are
likely to rise significantly over the next two years. This
(15:37):
is a story from Business Desk. See, we have all
seen the spot prices market increase skyrocket even but we
haven't felt that at home because our gen Taylor's, the
guys that we get it off, insulate us by hedging.
Speaker 4 (15:50):
Right.
Speaker 3 (15:51):
However, getting power to us is expensive, and we've just
been talking to Grant McCallum from north And about this
exact point. Forty percent of our bill is distribution and transmission.
Forget your whether whether the wind blows, you know, the
sun shines, the rainfalls, whatever. Just getting it to us
costs almost half of our total and that job is
(16:12):
done by essentially monopolies, the distributors, the lines companies transpower,
so the Commerce Commission regulates.
Speaker 4 (16:17):
Their profits, right, we would expect them to do that.
Speaker 3 (16:20):
Five year contracts, next contract up for a neural march,
your household bill for electricity could go up fifteen dollars
per month or one hundred and eighty dollars per year.
For some households that will be twenty dollars per month
two hundred and forty dollars per year. They say, this
is the NB advice. There is a serious risk that
(16:42):
some homes won't be able to afford heating. And we
know what happens when people can't heat their homes. The
hospitals fill up. Industry and business feel the squeeze, and
our thin growth forecast could also be squeezed by something
like this. So what's the moral of the story. Well, basically,
go and buy yourself a nice warm jumper, get a
hot water bottle. And if you are single and living alone,
(17:06):
you have until April to find someone to cuddle at
night twenty nine and.
Speaker 2 (17:10):
After five, Ryan Bridge, I can't give you.
Speaker 4 (17:12):
Any more else than that.
Speaker 3 (17:13):
Really, We're coming up to news Hurricane Milton and the
OCEA after that.
Speaker 1 (17:30):
Ryan Bridge New for twenty twenty four on early edition
with Smith City, New Zealand's Furniture Beds and a playing store.
Speaker 2 (17:37):
News Talk Zibby, Good.
Speaker 4 (17:45):
Morning New Zealand.
Speaker 3 (17:46):
There's twenty four away from six News Talk ZIBB. Hurricane
Milton is touching down in Florida right now. There are
reports of tornadoes that are hitting particularly motorways. Sections of motorways.
This as people are obviously trying to flee they have
been given evacuation orders. We'll hear from one shortly on
why they are not evacuating. We're also live to a
(18:07):
US correspondent just before six, the OCRs come down. So
is now if you're waiting, crouching, pausing before you engage
in a house price purchase, a house purchase, they should say,
is now the time to jump? We'll ask real estate
agent of all people just before six, they're probably going
to say jump, aren't they? Because they're trying to sell
(18:28):
houses anyway. I just thought I would let you know
because Mike is going to be speaking to Mark Mitchell
just after he kicks off his show at six o'clock
this morning. But the government has responded to a report
that looks at the Civil Defense emergency response to Cyclone
Gabrielle in North Island's floods, and there's lots of detail
in there, lots of things that they want to change,
(18:50):
like giving effect to the whole of society approach to
emergency management, which basically means we the people will be
doing a hell of a lot more should another big
story come like that one. But one thing I found
particularly interesting out of this report is they found that
most people did actually listen to them and have three
days worth of food but it wasn't enough. They are
(19:11):
now going to recommend, according to this report, ten days
worth of food and water for your household. Ten days
worth of food and water for your household in case
there's an emergency.
Speaker 4 (19:22):
That's a hell of a lot of food and water.
I spent some time.
Speaker 3 (19:25):
We flew straight into a napier after cyclone Gabrielle, and
the one thing that I think everybody wanted was obviously petrol,
and the petrol stations were either running out rationing or
there was huge queues. The other thing you want is
gas for your barbecue, because your deep freeze goes off,
all your meat starts to go bad and thaw and
(19:47):
basically you just chuck it on and have a huge
fry up, have a huge barbecue.
Speaker 4 (19:51):
So do this is my advice. Do make sure that
you have.
Speaker 3 (19:54):
Some booze and some gas for your barbecue, because that
first night, in particular, will be one hell of a party.
Speaker 4 (20:02):
Twenty two minutes away from.
Speaker 2 (20:04):
Six Bryan Bridge.
Speaker 3 (20:06):
Going to our reporters around the country now, Callum Proctors
and Dneda Callen, good morning morning right, tell us that
hospital campaign. What's happening next.
Speaker 10 (20:16):
Well, it's kicking up a notch. It's going mobile, you
could say. The mayor here and councilors have unveiled a
protest ambulance Ryan to help deliver the campaign message around
the South and to Wellington. They say, look, this ambulance
needs a bit of work, much like our health system,
but they are excited to get the ambulance on the
road to encourage more locals to make their frustrations known.
(20:38):
So the plans are for the ambulance to be dressed
up with process branding, and the council have launched a
campaign or a competition for the public to come up
with a name for the ambulance.
Speaker 4 (20:47):
Is it like a broken, crappy looking at ambulance. Is
that the idea? Or is it just a normal new
flash one.
Speaker 10 (20:54):
I think it still drives. It's not a new flash one.
Looks like something from the seventies or eighties.
Speaker 4 (20:58):
I gotcha.
Speaker 10 (20:59):
So why at the moment no branding there yet. But
so that's the plan and we'll see how it turns out.
Speaker 3 (21:04):
All right, So come up with a clever name. Nine
two ninety two give us the text if you've got
some ideas. How's your weather, Colum good today? Mainly fine?
Speaker 10 (21:12):
Any early shells will clear cell Westerns nor east TOCEI
even things to need is high fifteen.
Speaker 3 (21:16):
I think you cleiar Sherwoods and christ Church. That smell
that stink from the wastewater treatment plant. Any sign of
it ending soon clear?
Speaker 11 (21:24):
Oh, sounds like it might be ending soon. Ryan. There
was a period of time there where I had to
come up with different ways of saying stink and pong
and smell for my news bulletins because it has hung
around in christ Church for some years now. But there
are finally some plans to replace the trickling filters at
the fire damaged wastewater treatment plant, which is in Bromley
on the east side of the city. A big blaze,
(21:45):
of course, damage to those filters at the end of
twenty twenty one that's when the odor started. Now, after
almost three years of it, the city Council's now settled
in eighty five million dollar insurance claim that means they
can replace the filters and hopefully fix the smell. He
says the new system will lower the total greenhouse gas
emissions from the plant. He says calculations show that the
(22:06):
sixty three percent of the council's total gross emissions.
Speaker 4 (22:10):
Really sixty three percent of the council's emissions are from
our business.
Speaker 7 (22:16):
Who knew?
Speaker 4 (22:16):
Who knew? How's your weader? Clear?
Speaker 11 (22:19):
Partly cloudy with a few showers about to early, but
will clear to fine fresh southwesterlies easing.
Speaker 4 (22:25):
The high is thirteen, Thank you very much.
Speaker 3 (22:27):
Yet the rest of the emissions come out of those councilors' mouths.
You can bet that speaking of max Holes and Wellington,
the mayor has come to the defense of her city.
Speaker 7 (22:37):
Yeah, the council. Yeah, this is of course relating to
Bordeaux and it's three bakery cafes announcing they're closing this week.
There have been incredibly disruptive roadworks taking place outside their
front doors for months and months. We asked the math
for comment on Tuesday, ahead of the story being published.
She said no, she must have seen how much traction.
The story then got incredibly well read online. People are
(22:57):
talking about it, a lot of people oddly laughing it
off on social media. The spin off, for instance, other
business owners standing by Tony at Bordeaux. So many feel
like no one's listening at the council And so the
next day Torri Fano did respond to us in a
statement playing down the impact of the road works, instead
pointing to public sector cuts in the cost of living.
And what she's stressing is how much suppose that the
(23:19):
support support the council is giving businesses around the city
a communication, she says, engagement services, whatever that means. The council,
she says, tries to help with marketing and promotional activity
for areas affected better signage, and apparently these businesses get
a small business support manager who meets with them one
on one. So there you go, not the fault of
(23:41):
the works at all.
Speaker 4 (23:42):
Goodness me. How's your weather?
Speaker 12 (23:44):
Bill?
Speaker 7 (23:45):
Colder today, mostly overcast, southerly. He's a high of twelve central.
Speaker 4 (23:48):
Thank you.
Speaker 3 (23:48):
Neiva's an Auklan. Good morning, Neva, Good morning. Motet's got
some trams that wants to get rid of.
Speaker 13 (23:53):
Yes, no, Look this is interesting because people are being
encouraged to adopt one of Motet's seven trains. I didn't
realize they hit seven. But what's happening is that they're
hoping to raise a million dollars. They want to upgrade
the one hundred year old tracks, so they're seeking donations,
encouraging donors to vote for their favorite tram. Now Motet says, Look,
we know that the fundraising goal is quite ambitious, but
(24:15):
they're not going to get all the funding from that,
but they're hoping that they can also seek donations from
other sources. And I've just done a straw pole in
the newsroom because I have never been to Motet, have you?
Speaker 4 (24:25):
Yes, I have my niece and nephew. Yeah.
Speaker 13 (24:27):
Wow, I thought you don't look like a Motet person,
but you have.
Speaker 3 (24:30):
I'm not a Motet when you've got family over. So
the trams they're giving them away or you pay for them.
Speaker 4 (24:37):
You just pay, you know.
Speaker 9 (24:38):
Yeah, yeah, that's it.
Speaker 13 (24:39):
And I mean, you know, they just want to upgrade
everything there.
Speaker 4 (24:41):
That's as far as okay, But.
Speaker 13 (24:43):
We're going to do a little we road trip because
only three people in the newsroom have been to Motet
and seven of us haven't.
Speaker 4 (24:48):
So yes, I won't be there. Are you sure you
don't want to join us? I'm okay.
Speaker 3 (24:52):
But you'd have to have a big loan to put
a tram on, wouldn't you. I'm assuming it would just
sit there. You know, no one's going to actually be
able to use the trams, are yes?
Speaker 14 (25:01):
No?
Speaker 2 (25:01):
Well?
Speaker 13 (25:02):
I think you know, I think too that they just
want to do this as one of their publicity stunt
things as well.
Speaker 4 (25:08):
So you don't you don't take them.
Speaker 13 (25:09):
No, you're not going to take the tram home.
Speaker 4 (25:14):
Who was the case on one where you were going
to put these trams?
Speaker 13 (25:18):
No, we'll leave them there at Motech. We'll just go
there and have a glass of wine and look at
them and gaze.
Speaker 4 (25:23):
Yes, there she sounds not fun at all.
Speaker 13 (25:27):
Okay, right, strike your name if you're not coming on.
Speaker 4 (25:30):
How we road travel? I go for a wine with you,
but I won't go to Mota. Fair enough. How's your
weather partley?
Speaker 13 (25:35):
Cloudy, isolated showers clearing though to fine. Whether this afternoon
sixteen is the high thanks Neva.
Speaker 4 (25:39):
Update on Hurricane Milton from the States yet next.
Speaker 1 (25:44):
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 planet store.
Speaker 2 (25:53):
News Talk said.
Speaker 4 (25:54):
Fourteen to six.
Speaker 3 (25:55):
News Talks said, we've been talking about Google's huge monopoly
on Search Engine and today the Justice Department over in
the United States, this is the Anti Trust Division. They
are filing in a federal report, sorry, in a federal court,
which could result in Google's monopoly being broken up. Now
(26:15):
that is an outside chance. What's more likely is that
they will impose restrictions on them. They say that Google
has an unlawful monopoly on search engines. Also on news
this morning, North Korea is cutting off all roads to
the South. They do have some roads, believe it or not,
that go between North and South, mostly for military perse
purpose purposes.
Speaker 4 (26:36):
They say that they are.
Speaker 3 (26:37):
Shutting even those roads in a sign that things are
deteriorating between the two states.
Speaker 4 (26:43):
Thirteen away from.
Speaker 1 (26:44):
Six International correspondence with Ends and Eye Insurance, Peace of
mind for New Zealand business.
Speaker 3 (26:51):
Hurricane Milton making landfall and Florida. Sally Patterson is a
US correspondent. Sally, we're hearing reports of tornadoes as well.
Speaker 14 (27:00):
That's right, Ryan. This is expected to be a really
serious situation hurtling towards the coast of Florida. Now it's
an extremely dangerous category for storm and official state it
poses a serious threat to life. Storm Milton is expected
to make landfall tonight local time, so in the coming
hours and overnight, with winds of up to two hundred
(27:22):
and thirty three kilometers per hour. A tornado watch is
in effect across many of the cities in the southern
half of the Florida Peninsula, including many that you'll know
of Miami, Tampa Bay, and Fort Myers. It is expected
to weaken before it makes landfall, but it still could
be one of the most destructive hurricanes on record for
(27:43):
the area.
Speaker 3 (27:44):
People are being told to leave. We found this guy
on social media who seed roads are two blocked and busy,
plus I might not get back home, so he's staying
put heavy.
Speaker 15 (27:53):
Listen if things do get really really bad, we lose electricity,
or maybe the roads are blocked or there's debris everywhere.
Even if we were to make it to Georgia, let's say,
it could be weeks or maybe months before we're able
to get back to our home.
Speaker 4 (28:07):
Salia. People hating the.
Speaker 14 (28:08):
Warnings, well, he's one of many people trying to get
to nearby Georgia, trying to escape before the storm really
hits them. I want to stress the scale of these evacuations.
Around half of all the counties in Florida are now
under these orders. Florida Governor Ronda Santas says time is
(28:30):
running out for residents to evacuate and get out in
time you need to remember that people are still reeling
from Hurricane Helene, which left at least two hundred and
thirty two people dead across six states, and that was
very recent. The mayor of Tampa says that was a
wake up call, and she's warning locals if you choose
to stay in one of the evacuation areas, you are
(28:51):
going to die. But people might be trying to leave,
but as you've just heard there it is choc a
block on the way out of those major cities. People
are set for hours in traffic, many choosing to stay
in their cars and sleep there because they cannot get
any further than that would allow.
Speaker 4 (29:07):
All right, thanks so much for your time. That great
to have you on the show. That's a US correspondent
with us just gone ten minutes away.
Speaker 2 (29:12):
From six Ryan Bridge.
Speaker 4 (29:15):
Here's an interesting number.
Speaker 3 (29:16):
Half of us are on either floating or fixed for
less than six months. We are just crutch hold weight
and to pounce on a lower interest rate. And west
PAC's cut by ten basis points after the OCR drop
yesterday their one year special rate to six point nine percent.
That's the same as Asb's Now their two year rate
is five points six nine percent. The variable rates have
(29:37):
been cut by fifty basis points. What does it mean
for house prices? Campbell Dunnoon is the Old Day Hooker Group,
Head of Network New Zealand. Good morning, Campbell, thanks for
being on the show.
Speaker 12 (29:46):
Good morning Ryan, nice to be here.
Speaker 4 (29:48):
What do you think this is going to do to
prices and win.
Speaker 12 (29:52):
Well, big question, But firstly, I think it's just fantastic news.
It's news we've all been waiting for it's effect on prices. Well. Look,
I guess at the end of the day, it should
increase more activity, more participation from people in the property market,
and that could lead to something more positive in prices
heading into next year. I think this year is a
(30:13):
bit of weight and see a bit of caution still,
but looking good for twenty five so.
Speaker 3 (30:17):
There's no flood of vendors have been lining up waiting
for the sun to shine and Adrian or to sing.
Speaker 12 (30:24):
Well, we've seen an increase in stock this year, in
the last half of this year, which is good, and
we're heading into the Christmas period and we're seeing more
indications of that coming along. So the stock has been there,
we're just waiting for the buyers and I think this
is just going to give them the nuts just to participate.
So again, I think if you're looking to buy, now
(30:45):
is probably a good time, and next year I certainly
seen much more activity.
Speaker 3 (30:50):
Now would probably be the better time, though, right while
prices are still quite suppressed and before you get the floods,
if they come from the cut, it'll come in November
and then probably February March.
Speaker 12 (31:03):
Yeah, it's always funny people always try and pick the
bottom of the market, but look, it's been quite quite
average for nearly two years now, and I think we're
just with the signs, with the interest rates, the general
mood in the country, which I also think is important
heading into summer. Look, if you're going to buy, if
you see the house that you like, if you've done
(31:23):
all your due diligence, I'd be jumping in now because
next year you could have a bit more competition for
the property.
Speaker 3 (31:29):
Thanks so much for your time, Campbell donon with us
al Ja Hooker, Group head of Network New Zealand after
the fifty basis point count to the OCI yesterday, eight
minutes away from Sex Next, Why Karmala Harris is struggling
with working class phocus The.
Speaker 1 (31:44):
News you need This Morning and the in depth analysis
early edition with Ryan Bridge and Fifth City, New Zealand's.
Speaker 2 (31:50):
Furniture Beds and a playing store. News Talks, zi'd be.
Speaker 3 (31:54):
Four minutes away from sex You're on, sorry, five minutes
away from sexier on news Talks be Democrats. Apparently they
really worried about Kamala Harris than the working class voters
in these very crucial blue states, particularly Michigan. Privately, they're saying,
we need you to be more populist because Trump's coming
in and basically eating her lunch.
Speaker 4 (32:14):
Now.
Speaker 3 (32:14):
She was on Stephen Colbert, have a listen to this.
She was asked, how would you be different to Biden?
Speaker 16 (32:19):
What would the major changes be, and what would say
the same.
Speaker 17 (32:23):
Sure, well, I mean I'm obviously not Joe Biden, and
so that would be one change terms. But also I
think it's important to say, with you know, twenty eight
days ago, I'm not Donald Trump. And so when we
think about the significance of what this next generation of
(32:43):
leadership looks like were I to be elected president, it
is about Frankly, I.
Speaker 3 (32:52):
Bridge Rich She never quite gotten that throughout Mike's Yeah, Hey, Mike,
good morning.
Speaker 16 (32:56):
That's a prom there's a poll out this morning nationally
she's got a three point lead, and that's outside of
the margin of era, which is interesting. Another poll out
this morning. I was just reading moments ago. The economy
comparatively speaking, is doing really well. So you've got the
job numbers the other day, you've got spending up, so
buy and Large've got a soft landing, all that sort
of stuff.
Speaker 4 (33:14):
But there is.
Speaker 16 (33:14):
Nothing apparently, you can convince Americans about the economy that's good.
Speaker 4 (33:18):
No, and that's the same problem.
Speaker 3 (33:20):
Were just sinda had the same problem here, right, that
was our unemployment. So I don't care my broccoli is.
Speaker 16 (33:25):
You're personal circumstances. Sixty six percent of people say the
economy stinks. And so unless you can turn that around,
because Trump's rhetoric is it was never as good as
when I was there, they believe it.
Speaker 3 (33:36):
They believe it because they felt it. Yeah, you know,
inflation must be just your worst nightmare as a politician,
as that incumbent.
Speaker 16 (33:42):
Transpower this morning for you, Yes, are we're going to
talk to Transpower. They've got a million dollars and hopefully
that will smooth things over for the people of the North.
And we'll see how that goes for us so and
Malcolm Glad will remember him. Yes, Tipping Point, he's back,
so we'll have him right.
Speaker 4 (33:55):
And you've got Mark mitchellon too, Mark, we got them all.
It's all on Thursday morning. Mike. That's it for me.
Thanks for listening, See you tomorrow.
Speaker 1 (34:08):
For more from News Talks ed B Listen live on
air or online, and keep our shows with you wherever
you go with our podcasts on iHeartRadio
The issues, the interviews and the inside. Ryan Bridge new
for twenty twenty four on the early edition with Smith City,
New Zealand's furniture vans and a playing store.
Speaker 2 (00:14):
Youth talks.
Speaker 3 (00:15):
It'd be good morning, welcome to your Thursday. Just gone
six after five. Coming up on the show before six,
the OCR reduction.
Speaker 4 (00:22):
A window of.
Speaker 3 (00:23):
Opportunity has opened for homeowners. How long do you have
to jump through it? We'll look at that before six.
Also this morning, Hurricane Milton is about to make landfall
in Florida. Why people aren't evacuating even though they're being
told to? Our US correspondent explained Northland's getting some well
I think short changed on the power Piland debarcle and
(00:45):
what did Ukraine get putin for his birthday?
Speaker 2 (00:50):
The agenda.
Speaker 4 (00:51):
It is Thursday, the tend of October. Category four.
Speaker 3 (00:54):
Now, this Hurricane Milton, it's just hours away from making
landfall in Florida, looks dangerous.
Speaker 5 (01:00):
Hurricane Milton is still a major, very strong hurricane. While
there is the hope that it will weaken more before landfall,
there is high confidence that this hurricane is going to
pack a major, major punch and do an awful lighter damage.
Speaker 3 (01:18):
Big Warrior is storm surges of up to three meters.
Boeing has withdrawn its thirty percent pay rise off it
to its thirty thousand workers who've been on strike for
almost a month.
Speaker 4 (01:27):
We've been talking about this for that long.
Speaker 3 (01:29):
The union has rejected the offer, saying it wants forty percent,
so Boeing now playing hardball. Negotiations have since broken down,
with no further talks planned. A hell of a firestorms
erupting in the US. Karmela's campaign is distancing itself from
running mate Tim Wolves. Nothing funny about this. Wolves says
(01:50):
he wants to scrap the electoral college system. That's the
two hundred and seventy you need to win, and he
said we should be going with just the popular vote.
This this is hugely controversial. It's part of their constitution.
Messing with the constitution is like touching Donald Trump's here,
you just don't do it.
Speaker 4 (02:07):
What's worse, He.
Speaker 3 (02:09):
Said it during a private fundraiser with some wealthy Hollywood
elites at the home of California government Gavin Newsom. Half
of KVY mortgage holders are crouching in the bushes this morning,
ready to pounce on a slashed ocr.
Speaker 6 (02:25):
Around half of mortgage borrowing is now fixed or floating
for six months or less. That, by the way, is
the largest amount since records began in twenty seventeen.
Speaker 3 (02:37):
My advice keep crouching, not that you listen to me.
We're expecting another fifty basis point cut in November. When
you add that to August and the one from yesterday,
that's one hundred and twenty five basis points one point
two five percent by Christmas, and we will get more
next year. The Reserve Bank takes a beach break back
in February.
Speaker 1 (02:57):
The first word on the News of the day the
early edition with Ryan Bridge and Smith City, New Zealand's
furniture beds and a playing store, New Talk Zipy.
Speaker 3 (03:07):
So we've done it, New Zealand. Congratulations, we have done it.
The war is over. CPI is now within licking distance
of its mid point two percent, which is in the
target range, the midpoint of the target range. Of course,
we should be angry. We should be angry. We had
to go to war in the first place, and it
was the same general, if you will, in Adrian Or
(03:31):
it's brought the boys home, same guy that sent them
packing to the bloody fields of punishingly high mortgage interest rates.
And that's because of well we all know this story,
too much larges, both monetary and fiscal, helping to drive
rates up, prices up, and then the rates had to follow.
Speaker 4 (03:50):
And it's my.
Speaker 3 (03:50):
First experience of inflation. I'm what thirty six years old,
first experience with inflation. And what a horrific heat leiness, brutal,
ugly enemy.
Speaker 4 (04:03):
She is or he is.
Speaker 3 (04:04):
Don't want to be sexist to inflation, man, boy, I
didn't know how it would make you feel. I mean,
you learn about this and when you do economics at school,
you learn about the theory of it, you understand the
machinations of it. But the way that it makes you feel,
it's the lack of control. And then it's like you're
(04:24):
stuck in a whirlpool and it's just going round and
around and around, and you look up and there is
a life raft and on that life raft is Desender
an Adrian pouring more water in.
Speaker 7 (04:37):
Ah.
Speaker 3 (04:38):
Anyway, we've won the war. We won the war. That
is the good news this morning. We've made the sacrifices
and we have won the war. What are the lessons?
The lessons pay down your debt fast, become more self reliant.
Think before we vote. We must think more before we vote.
When politicians promise things, and you see them doing it
(04:59):
over in the States at the moment when they promise
you things, ask them how much does that cost and
where are you getting that money from? How is that
being funded? Because when the shit hits the fan, and
it will again, there is no doubt about that. These
are the lifeguards on the side of the pool. Please, please,
for the love of God, make sure they can swim.
(05:22):
Ryan Bridge, eleven minutes after five. We'd love to get
your feedback this morning. Nine two ninety two is the
number two text. Hey, also just a quick bit of
news out of Ukraine. So it's Putin's seventies second birthday.
We were talking about this yesterday because Kim Jong sent
(05:44):
him a love letter saying you're my best friend. I mean,
it's a lonely world that you know, when you're a dictator,
I imagine you don't have many friends. So today he's got
his present from Ukraine has pushin his seventy second birthday
(06:04):
gift was a massive hack cyber attack on Russia. To
celebrate the birthday, they've taken out a whole bunch of stuff, businesses,
TV stations, you name it.
Speaker 4 (06:15):
Happy Birthday to President.
Speaker 1 (06:17):
Pushin on your radio and online on iHeartRadio. Early edition
with Ryan Bridge and Smith City, New Zealand's furniture Beds
and a playing store.
Speaker 4 (06:34):
News Talk said be past five.
Speaker 3 (06:36):
News Talk said, B we'll give you an update on
Hurricane Milton, which is making lambfall and Florida at the moment,
lots of people aren't evacuating. There will tell you why.
We're with a US correspondent. That's just before six this morning.
In our neck of the woods, the neewer predictions have
come out. This is the Southwest Pacific Tropical cyclone outlook
for this season, running from November through April, indicating a
(06:59):
normal to below normal activity level. So it sounds so far,
so boring. The interesting part is that it's not really
the cyclones that hit us, it's the ones that brush
by us, as Gabrielle did, and for that we have
a normal to elevated risk.
Speaker 4 (07:16):
So although there are tipped to be.
Speaker 3 (07:17):
Fewer hurricanes going through our region, the chances of one
of them hitting us are normal or elevated. This is
within five hundred and fifty kilometers of New Zealand, so
bad news in some ways good news for the rest
of the region. And we're going to look at this
issue of the government's response to cyclones. The government is
(07:38):
responding this morning to the North Island storms report that
is embargo till five thirty, So after five point thirty
i'll give you more details on what exactly.
Speaker 2 (07:46):
They're going to do brian Bridge.
Speaker 3 (07:48):
Right now, though, from one disaster to another. That pylon
up in Northland that fell over and caused something different
impacts and damage across the region. Trans Power is going
to be paying one million dollars towards resilient power projects
for Northland following that transmission tower collapse. Grant McCallum is
(08:09):
the Northern the MP. He's with us this morning, Grant, good.
Speaker 4 (08:11):
Morning, right.
Speaker 8 (08:13):
And the difference between this and the cyclone damage is
that this was not an act of God. It was
an active and competence.
Speaker 4 (08:19):
But we all know that, yes, quite right. Is this
enough to make up for it?
Speaker 8 (08:24):
No, of course not. I don't think anyone's under illusion
about that. But I think one a lot of people
don't realize is that Transpower do not have to guarantee
power supply it's in the Act. And so to actually
get them to give up cough up with anything is
it was quite a challenge to be fair, but we managed.
So we managed to squirrel a million dollars out of them,
(08:44):
which we'll use two A region wide projects and benefit
of Northland. Not not a lot of money, really, but
at least it's an acknowledgment and a good will payment
sense that they did actually cause some harm to the
people of Northland.
Speaker 3 (08:58):
What do you reckon? The cost was tens of millions.
Speaker 8 (09:00):
Well, well it was. I've seen estimates ranging from forty
to eighty million, So take your pick, you know.
Speaker 4 (09:06):
And they gave you one. They gave you one.
Speaker 8 (09:09):
Yes, but they started at zero and when they're obliged
to do nothing in this case, so that so we
did our best to get some money out of them.
Do you say that's what we came up.
Speaker 3 (09:21):
Do you think there should be some kind of lord
change so that they're not they're obliged to do.
Speaker 4 (09:25):
More than zero.
Speaker 8 (09:26):
Well, ultimately I suppose that come would come down to
the how much you will pe to pay for power? Because,
as it had explained to me, if we if we
may have to make everything more resilient, it'll cost more
and the power prices go up. So I think as
long as people that undo bolts unnecessarily, we should be fine.
Speaker 3 (09:42):
Right Northland, I didn't realize this. Northland, you're actually a
net exporter of energy. You've got your geo them on
your Kai car. You've got a big solar going in.
Can you are you confident in the lines the distribution
to get it down country to us?
Speaker 8 (09:57):
This is a real opportunity. Actually we're not quite And
then explored right there on the verge, we've got the
potential that if we upgrade the transmission lines from Marsden
Point North up to Kaikohe and kok Tire and I
was arguable we can then generate another six hundred bigger
Watson conceded energy, including increasing they there Martha, and that
will make a real difference to Northland and also supply
(10:19):
energy from the North into Auckland, which will help them
because at the moment all their energy comes from the south.
Speaker 4 (10:24):
Yeah. No, it'd be lovely to have some from you guys.
Speaker 9 (10:27):
And you know, you know what's happened for it tur
if we get.
Speaker 4 (10:29):
You charge away.
Speaker 3 (10:31):
But you know what happens as soon as Auckland's involved,
and you know everything will be done, will be fixed
and done quickly.
Speaker 8 (10:38):
You know, well, well you know that's there might be
a word called leverage we can be trying to use
there right absolutely.
Speaker 3 (10:44):
Hey, thanks very much for your time this morning. Great
to have you on Grant McCallum, Northland MP. So there
you go, getting a million bucks, which is, as it says,
better than none.
Speaker 2 (10:52):
News and views you trust to start your day.
Speaker 1 (10:55):
It's early edition with Ryan Bridge and Smith City, New
Zealand's furniture.
Speaker 2 (11:00):
It's and a flying store you've talk zibby.
Speaker 3 (11:02):
Update on Hurricane Milton and Florida coming your way very shortly.
Lots of great texts on inflation, will get to those two.
Chinese stocks have suffered their worst fall in twenty seven years.
You know that we've been speaking about this. The Chinese
government has been trying to stimulate the economy, which has
been well a bit lackluster of late. I mean they're
(11:22):
still growing, but it's not great for China anyway. They
were expecting more because once you put your hand out,
people expect the hands to keep getting put out. Hasn't
and so stocks are falling, suffering their worst fall than
twenty seven years. We'll have more on that a little later,
just gone twenty two, after five Ryan Bridge. Air pollution
is gradually getting better in New Zealand, but much of
the air we breathe is still more polluted than The
(11:44):
World Health Organization recommends doctor Guy Colson as the director
of the Air Quality Collective.
Speaker 4 (11:48):
He's with us this morning. Good morning, cure rome is
ear so bad here order to kill us?
Speaker 9 (11:56):
Sorry sir, that again?
Speaker 4 (11:57):
Is the air so bad in New Zealand that could
kill us.
Speaker 9 (12:02):
In some places? Yes? I mean generally air quality in
New Zealand's very very good, you know, but there are
small pockets where we could do better. And our best
estimate at the moment is that something of the region
and three thousand people die each year as a direct
(12:22):
result of air pollution where they live.
Speaker 3 (12:27):
How do we know that these people die from the pollution?
Do they live literally next to a motorway?
Speaker 9 (12:36):
I can't give you their names and addresses. It never
said on anyone's death certificate that they died of their pollution.
This is a statistical measure, if you like. We know
from epidemiological studies around the world that an increasing level
of air pollution leads to an increasing number of corresponding
(12:57):
number of deaths. A statistical association. You know that as
air quality increases, the number of people turning up our
hospital or dying will go up as a function of that.
Speaker 3 (13:11):
This motion concentration, this gradual improvement in our air pollution
thanks to what cleaner cars, heat pumps and things.
Speaker 4 (13:20):
Is this a good thing? Does this meme? We're sort
of on the right track.
Speaker 9 (13:24):
It's going in the right direction, definitely, Yes, it's just
happening rather slowly. So when our air quality legislation came
in about twenty years ago, there were a lot of
places that were very bad and they improved rapidly till
they met the legislation and then for the most part
(13:45):
improvement from there has been very slow. But yes, we
then what's going in the right direction, but as usual,
could be better.
Speaker 3 (13:57):
Where is the best place in New Zealand if you
if you do worry about pollution, where's the place to live.
Speaker 9 (14:05):
Out of the main town centers. So if the large
town centers like Auckland, Wellington, christ Church have a traffic
pollution problem, and then small towns in the rest of
the country, particularly sort of south Ireland.
Speaker 3 (14:27):
I think we just lost them. Yes, I think we
have too. Anyway, that was Dr Guy Colson, director of
Air Quality Collective. The interesting thing about the Equality Collective,
so he was part of a bunch of guys who
were employed at Kneewha to look at ear quality monitoring.
They got fired because made redundant because of change is there.
He's now gone and set up with his buddies, an
(14:49):
independent group and they are contracting back to the government.
He says, at the moment, the government doesn't have any
any ear quality monitoring experts on hand. Space Just go
out somewhere in the country and the wind and breathe
if you're really feeling you know, if you've got a
bad chest issue, just don't live under a motorway. Twenty
(15:10):
five after five.
Speaker 1 (15:11):
The early edition Full the Show podcast on iHeartRadio Power
by News TALKSB.
Speaker 3 (15:17):
You're on News TALKSB. It is twenty seven minutes after five. Lookout,
kiwe's your power bill is about to go up. I know,
I know we're celebrating this morning. The ocr the money
back in your pockets is coming and fation coming down.
But MB has warned the government that electricity prices are
likely to rise significantly over the next two years. This
(15:37):
is a story from Business Desk. See, we have all
seen the spot prices market increase skyrocket even but we
haven't felt that at home because our gen Taylor's, the
guys that we get it off, insulate us by hedging.
Speaker 4 (15:50):
Right.
Speaker 3 (15:51):
However, getting power to us is expensive, and we've just
been talking to Grant McCallum from north And about this
exact point. Forty percent of our bill is distribution and transmission.
Forget your whether whether the wind blows, you know, the
sun shines, the rainfalls, whatever. Just getting it to us
costs almost half of our total and that job is
(16:12):
done by essentially monopolies, the distributors, the lines companies transpower,
so the Commerce Commission regulates.
Speaker 4 (16:17):
Their profits, right, we would expect them to do that.
Speaker 3 (16:20):
Five year contracts, next contract up for a neural march,
your household bill for electricity could go up fifteen dollars
per month or one hundred and eighty dollars per year.
For some households that will be twenty dollars per month
two hundred and forty dollars per year. They say, this
is the NB advice. There is a serious risk that
(16:42):
some homes won't be able to afford heating. And we
know what happens when people can't heat their homes. The
hospitals fill up. Industry and business feel the squeeze, and
our thin growth forecast could also be squeezed by something
like this. So what's the moral of the story. Well, basically,
go and buy yourself a nice warm jumper, get a
hot water bottle. And if you are single and living alone,
(17:06):
you have until April to find someone to cuddle at
night twenty nine and.
Speaker 2 (17:10):
After five, Ryan Bridge, I can't give you.
Speaker 4 (17:12):
Any more else than that.
Speaker 3 (17:13):
Really, We're coming up to news Hurricane Milton and the
OCEA after that.
Speaker 1 (17:30):
Ryan Bridge New for twenty twenty four on early edition
with Smith City, New Zealand's Furniture Beds and a playing store.
Speaker 2 (17:37):
News Talk Zibby, Good.
Speaker 4 (17:45):
Morning New Zealand.
Speaker 3 (17:46):
There's twenty four away from six News Talk ZIBB. Hurricane
Milton is touching down in Florida right now. There are
reports of tornadoes that are hitting particularly motorways. Sections of motorways.
This as people are obviously trying to flee they have
been given evacuation orders. We'll hear from one shortly on
why they are not evacuating. We're also live to a
(18:07):
US correspondent just before six, the OCRs come down. So
is now if you're waiting, crouching, pausing before you engage
in a house price purchase, a house purchase, they should say,
is now the time to jump? We'll ask real estate
agent of all people just before six, they're probably going
to say jump, aren't they? Because they're trying to sell
(18:28):
houses anyway. I just thought I would let you know
because Mike is going to be speaking to Mark Mitchell
just after he kicks off his show at six o'clock
this morning. But the government has responded to a report
that looks at the Civil Defense emergency response to Cyclone
Gabrielle in North Island's floods, and there's lots of detail
in there, lots of things that they want to change,
(18:50):
like giving effect to the whole of society approach to
emergency management, which basically means we the people will be
doing a hell of a lot more should another big
story come like that one. But one thing I found
particularly interesting out of this report is they found that
most people did actually listen to them and have three
days worth of food but it wasn't enough. They are
(19:11):
now going to recommend, according to this report, ten days
worth of food and water for your household. Ten days
worth of food and water for your household in case
there's an emergency.
Speaker 4 (19:22):
That's a hell of a lot of food and water.
I spent some time.
Speaker 3 (19:25):
We flew straight into a napier after cyclone Gabrielle, and
the one thing that I think everybody wanted was obviously petrol,
and the petrol stations were either running out rationing or
there was huge queues. The other thing you want is
gas for your barbecue, because your deep freeze goes off,
all your meat starts to go bad and thaw and
(19:47):
basically you just chuck it on and have a huge
fry up, have a huge barbecue.
Speaker 4 (19:51):
So do this is my advice. Do make sure that
you have.
Speaker 3 (19:54):
Some booze and some gas for your barbecue, because that
first night, in particular, will be one hell of a party.
Speaker 4 (20:02):
Twenty two minutes away from.
Speaker 2 (20:04):
Six Bryan Bridge.
Speaker 3 (20:06):
Going to our reporters around the country now, Callum Proctors
and Dneda Callen, good morning morning right, tell us that
hospital campaign. What's happening next.
Speaker 10 (20:16):
Well, it's kicking up a notch. It's going mobile, you
could say. The mayor here and councilors have unveiled a
protest ambulance Ryan to help deliver the campaign message around
the South and to Wellington. They say, look, this ambulance
needs a bit of work, much like our health system,
but they are excited to get the ambulance on the
road to encourage more locals to make their frustrations known.
(20:38):
So the plans are for the ambulance to be dressed
up with process branding, and the council have launched a
campaign or a competition for the public to come up
with a name for the ambulance.
Speaker 4 (20:47):
Is it like a broken, crappy looking at ambulance. Is
that the idea? Or is it just a normal new
flash one.
Speaker 10 (20:54):
I think it still drives. It's not a new flash one.
Looks like something from the seventies or eighties.
Speaker 4 (20:58):
I gotcha.
Speaker 10 (20:59):
So why at the moment no branding there yet. But
so that's the plan and we'll see how it turns out.
Speaker 3 (21:04):
All right, So come up with a clever name. Nine
two ninety two give us the text if you've got
some ideas. How's your weather, Colum good today? Mainly fine?
Speaker 10 (21:12):
Any early shells will clear cell Westerns nor east TOCEI
even things to need is high fifteen.
Speaker 3 (21:16):
I think you cleiar Sherwoods and christ Church. That smell
that stink from the wastewater treatment plant. Any sign of
it ending soon clear?
Speaker 11 (21:24):
Oh, sounds like it might be ending soon. Ryan. There
was a period of time there where I had to
come up with different ways of saying stink and pong
and smell for my news bulletins because it has hung
around in christ Church for some years now. But there
are finally some plans to replace the trickling filters at
the fire damaged wastewater treatment plant, which is in Bromley
on the east side of the city. A big blaze,
(21:45):
of course, damage to those filters at the end of
twenty twenty one that's when the odor started. Now, after
almost three years of it, the city Council's now settled
in eighty five million dollar insurance claim that means they
can replace the filters and hopefully fix the smell. He
says the new system will lower the total greenhouse gas
emissions from the plant. He says calculations show that the
(22:06):
sixty three percent of the council's total gross emissions.
Speaker 4 (22:10):
Really sixty three percent of the council's emissions are from
our business.
Speaker 7 (22:16):
Who knew?
Speaker 4 (22:16):
Who knew? How's your weader? Clear?
Speaker 11 (22:19):
Partly cloudy with a few showers about to early, but
will clear to fine fresh southwesterlies easing.
Speaker 4 (22:25):
The high is thirteen, Thank you very much.
Speaker 3 (22:27):
Yet the rest of the emissions come out of those councilors' mouths.
You can bet that speaking of max Holes and Wellington,
the mayor has come to the defense of her city.
Speaker 7 (22:37):
Yeah, the council. Yeah, this is of course relating to
Bordeaux and it's three bakery cafes announcing they're closing this week.
There have been incredibly disruptive roadworks taking place outside their
front doors for months and months. We asked the math
for comment on Tuesday, ahead of the story being published.
She said no, she must have seen how much traction.
The story then got incredibly well read online. People are
(22:57):
talking about it, a lot of people oddly laughing it
off on social media. The spin off, for instance, other
business owners standing by Tony at Bordeaux. So many feel
like no one's listening at the council And so the
next day Torri Fano did respond to us in a
statement playing down the impact of the road works, instead
pointing to public sector cuts in the cost of living.
And what she's stressing is how much suppose that the
(23:19):
support support the council is giving businesses around the city
a communication, she says, engagement services, whatever that means. The council,
she says, tries to help with marketing and promotional activity
for areas affected better signage, and apparently these businesses get
a small business support manager who meets with them one
on one. So there you go, not the fault of
(23:41):
the works at all.
Speaker 4 (23:42):
Goodness me. How's your weather?
Speaker 12 (23:44):
Bill?
Speaker 7 (23:45):
Colder today, mostly overcast, southerly. He's a high of twelve central.
Speaker 4 (23:48):
Thank you.
Speaker 3 (23:48):
Neiva's an Auklan. Good morning, Neva, Good morning. Motet's got
some trams that wants to get rid of.
Speaker 13 (23:53):
Yes, no, Look this is interesting because people are being
encouraged to adopt one of Motet's seven trains. I didn't
realize they hit seven. But what's happening is that they're
hoping to raise a million dollars. They want to upgrade
the one hundred year old tracks, so they're seeking donations,
encouraging donors to vote for their favorite tram. Now Motet says, Look,
we know that the fundraising goal is quite ambitious, but
(24:15):
they're not going to get all the funding from that,
but they're hoping that they can also seek donations from
other sources. And I've just done a straw pole in
the newsroom because I have never been to Motet, have you?
Speaker 4 (24:25):
Yes, I have my niece and nephew. Yeah.
Speaker 13 (24:27):
Wow, I thought you don't look like a Motet person,
but you have.
Speaker 3 (24:30):
I'm not a Motet when you've got family over. So
the trams they're giving them away or you pay for them.
Speaker 4 (24:37):
You just pay, you know.
Speaker 9 (24:38):
Yeah, yeah, that's it.
Speaker 13 (24:39):
And I mean, you know, they just want to upgrade
everything there.
Speaker 4 (24:41):
That's as far as okay, But.
Speaker 13 (24:43):
We're going to do a little we road trip because
only three people in the newsroom have been to Motet
and seven of us haven't.
Speaker 4 (24:48):
So yes, I won't be there. Are you sure you
don't want to join us? I'm okay.
Speaker 3 (24:52):
But you'd have to have a big loan to put
a tram on, wouldn't you. I'm assuming it would just
sit there. You know, no one's going to actually be
able to use the trams, are yes?
Speaker 14 (25:01):
No?
Speaker 2 (25:01):
Well?
Speaker 13 (25:02):
I think you know, I think too that they just
want to do this as one of their publicity stunt
things as well.
Speaker 4 (25:08):
So you don't you don't take them.
Speaker 13 (25:09):
No, you're not going to take the tram home.
Speaker 4 (25:14):
Who was the case on one where you were going
to put these trams?
Speaker 13 (25:18):
No, we'll leave them there at Motech. We'll just go
there and have a glass of wine and look at
them and gaze.
Speaker 4 (25:23):
Yes, there she sounds not fun at all.
Speaker 13 (25:27):
Okay, right, strike your name if you're not coming on.
Speaker 4 (25:30):
How we road travel? I go for a wine with you,
but I won't go to Mota. Fair enough. How's your
weather partley?
Speaker 13 (25:35):
Cloudy, isolated showers clearing though to fine. Whether this afternoon
sixteen is the high thanks Neva.
Speaker 4 (25:39):
Update on Hurricane Milton from the States yet next.
Speaker 1 (25:44):
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 planet store.
Speaker 2 (25:53):
News Talk said.
Speaker 4 (25:54):
Fourteen to six.
Speaker 3 (25:55):
News Talks said, we've been talking about Google's huge monopoly
on Search Engine and today the Justice Department over in
the United States, this is the Anti Trust Division. They
are filing in a federal report, sorry, in a federal court,
which could result in Google's monopoly being broken up. Now
(26:15):
that is an outside chance. What's more likely is that
they will impose restrictions on them. They say that Google
has an unlawful monopoly on search engines. Also on news
this morning, North Korea is cutting off all roads to
the South. They do have some roads, believe it or not,
that go between North and South, mostly for military perse
purpose purposes.
Speaker 4 (26:36):
They say that they are.
Speaker 3 (26:37):
Shutting even those roads in a sign that things are
deteriorating between the two states.
Speaker 4 (26:43):
Thirteen away from.
Speaker 1 (26:44):
Six International correspondence with Ends and Eye Insurance, Peace of
mind for New Zealand business.
Speaker 3 (26:51):
Hurricane Milton making landfall and Florida. Sally Patterson is a
US correspondent. Sally, we're hearing reports of tornadoes as well.
Speaker 14 (27:00):
That's right, Ryan. This is expected to be a really
serious situation hurtling towards the coast of Florida. Now it's
an extremely dangerous category for storm and official state it
poses a serious threat to life. Storm Milton is expected
to make landfall tonight local time, so in the coming
hours and overnight, with winds of up to two hundred
(27:22):
and thirty three kilometers per hour. A tornado watch is
in effect across many of the cities in the southern
half of the Florida Peninsula, including many that you'll know
of Miami, Tampa Bay, and Fort Myers. It is expected
to weaken before it makes landfall, but it still could
be one of the most destructive hurricanes on record for
(27:43):
the area.
Speaker 3 (27:44):
People are being told to leave. We found this guy
on social media who seed roads are two blocked and busy,
plus I might not get back home, so he's staying
put heavy.
Speaker 15 (27:53):
Listen if things do get really really bad, we lose electricity,
or maybe the roads are blocked or there's debris everywhere.
Even if we were to make it to Georgia, let's say,
it could be weeks or maybe months before we're able
to get back to our home.
Speaker 4 (28:07):
Salia. People hating the.
Speaker 14 (28:08):
Warnings, well, he's one of many people trying to get
to nearby Georgia, trying to escape before the storm really
hits them. I want to stress the scale of these evacuations.
Around half of all the counties in Florida are now
under these orders. Florida Governor Ronda Santas says time is
(28:30):
running out for residents to evacuate and get out in
time you need to remember that people are still reeling
from Hurricane Helene, which left at least two hundred and
thirty two people dead across six states, and that was
very recent. The mayor of Tampa says that was a
wake up call, and she's warning locals if you choose
to stay in one of the evacuation areas, you are
(28:51):
going to die. But people might be trying to leave,
but as you've just heard there it is choc a
block on the way out of those major cities. People
are set for hours in traffic, many choosing to stay
in their cars and sleep there because they cannot get
any further than that would allow.
Speaker 4 (29:07):
All right, thanks so much for your time. That great
to have you on the show. That's a US correspondent
with us just gone ten minutes away.
Speaker 2 (29:12):
From six Ryan Bridge.
Speaker 4 (29:15):
Here's an interesting number.
Speaker 3 (29:16):
Half of us are on either floating or fixed for
less than six months. We are just crutch hold weight
and to pounce on a lower interest rate. And west
PAC's cut by ten basis points after the OCR drop
yesterday their one year special rate to six point nine percent.
That's the same as Asb's Now their two year rate
is five points six nine percent. The variable rates have
(29:37):
been cut by fifty basis points. What does it mean
for house prices? Campbell Dunnoon is the Old Day Hooker Group,
Head of Network New Zealand. Good morning, Campbell, thanks for
being on the show.
Speaker 12 (29:46):
Good morning Ryan, nice to be here.
Speaker 4 (29:48):
What do you think this is going to do to
prices and win.
Speaker 12 (29:52):
Well, big question, But firstly, I think it's just fantastic news.
It's news we've all been waiting for it's effect on prices. Well. Look,
I guess at the end of the day, it should
increase more activity, more participation from people in the property market,
and that could lead to something more positive in prices
heading into next year. I think this year is a
(30:13):
bit of weight and see a bit of caution still,
but looking good for twenty five so.
Speaker 3 (30:17):
There's no flood of vendors have been lining up waiting
for the sun to shine and Adrian or to sing.
Speaker 12 (30:24):
Well, we've seen an increase in stock this year, in
the last half of this year, which is good, and
we're heading into the Christmas period and we're seeing more
indications of that coming along. So the stock has been there,
we're just waiting for the buyers and I think this
is just going to give them the nuts just to participate.
So again, I think if you're looking to buy, now
(30:45):
is probably a good time, and next year I certainly
seen much more activity.
Speaker 3 (30:50):
Now would probably be the better time, though, right while
prices are still quite suppressed and before you get the floods,
if they come from the cut, it'll come in November
and then probably February March.
Speaker 12 (31:03):
Yeah, it's always funny people always try and pick the
bottom of the market, but look, it's been quite quite
average for nearly two years now, and I think we're
just with the signs, with the interest rates, the general
mood in the country, which I also think is important
heading into summer. Look, if you're going to buy, if
you see the house that you like, if you've done
(31:23):
all your due diligence, I'd be jumping in now because
next year you could have a bit more competition for
the property.
Speaker 3 (31:29):
Thanks so much for your time, Campbell donon with us
al Ja Hooker, Group head of Network New Zealand after
the fifty basis point count to the OCI yesterday, eight
minutes away from Sex Next, Why Karmala Harris is struggling
with working class phocus The.
Speaker 1 (31:44):
News you need This Morning and the in depth analysis
early edition with Ryan Bridge and Fifth City, New Zealand's.
Speaker 2 (31:50):
Furniture Beds and a playing store. News Talks, zi'd be.
Speaker 3 (31:54):
Four minutes away from sex You're on, sorry, five minutes
away from sexier on news Talks be Democrats. Apparently they
really worried about Kamala Harris than the working class voters
in these very crucial blue states, particularly Michigan. Privately, they're saying,
we need you to be more populist because Trump's coming
in and basically eating her lunch.
Speaker 4 (32:14):
Now.
Speaker 3 (32:14):
She was on Stephen Colbert, have a listen to this.
She was asked, how would you be different to Biden?
Speaker 16 (32:19):
What would the major changes be, and what would say
the same.
Speaker 17 (32:23):
Sure, well, I mean I'm obviously not Joe Biden, and
so that would be one change terms. But also I
think it's important to say, with you know, twenty eight
days ago, I'm not Donald Trump. And so when we
think about the significance of what this next generation of
(32:43):
leadership looks like were I to be elected president, it
is about Frankly, I.
Speaker 3 (32:52):
Bridge Rich She never quite gotten that throughout Mike's Yeah, Hey, Mike,
good morning.
Speaker 16 (32:56):
That's a prom there's a poll out this morning nationally
she's got a three point lead, and that's outside of
the margin of era, which is interesting. Another poll out
this morning. I was just reading moments ago. The economy
comparatively speaking, is doing really well. So you've got the
job numbers the other day, you've got spending up, so
buy and Large've got a soft landing, all that sort
of stuff.
Speaker 4 (33:14):
But there is.
Speaker 16 (33:14):
Nothing apparently, you can convince Americans about the economy that's good.
Speaker 4 (33:18):
No, and that's the same problem.
Speaker 3 (33:20):
Were just sinda had the same problem here, right, that
was our unemployment. So I don't care my broccoli is.
Speaker 16 (33:25):
You're personal circumstances. Sixty six percent of people say the
economy stinks. And so unless you can turn that around,
because Trump's rhetoric is it was never as good as
when I was there, they believe it.
Speaker 3 (33:36):
They believe it because they felt it. Yeah, you know,
inflation must be just your worst nightmare as a politician,
as that incumbent.
Speaker 16 (33:42):
Transpower this morning for you, Yes, are we're going to
talk to Transpower. They've got a million dollars and hopefully
that will smooth things over for the people of the North.
And we'll see how that goes for us so and
Malcolm Glad will remember him. Yes, Tipping Point, he's back,
so we'll have him right.
Speaker 4 (33:55):
And you've got Mark mitchellon too, Mark, we got them all.
It's all on Thursday morning. Mike. That's it for me.
Thanks for listening, See you tomorrow.
Speaker 1 (34:08):
For more from News Talks ed B Listen live on
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