November 13, 2024 • 34 mins
On the Early Edition with Ryan Bridge Full Show Podcast for Thursday 14th of November, tourism numbers appear stuck well below pre-Covid levels, and a record number of Kiwis are leaving the country. Could we see net migration reach zero next year? ASB's Mark Smith talks to Ryan.
A new public private partnership framework has been released by the Government - what are the industry hoping to see come out of it? Infrastructure NZ's Nick Leggett joins the show.
The Christchurch Agricultural Show starts today after being saved in a last-minute deal earlier in the year. Event Director Phil Anderson gives a preview of what to expect this year.
Get the Early Edition with Ryan Bridge Full Show Podcast every weekday on iHeartRadio, or wherever you get your podcasts.
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
The issues, the interviews and the inside Ryan Bridge new
for twenty twenty four on the early edition with Smith City,
New Zealand's.
Speaker 2 (00:12):
Furniture bands and a play a store news dogs.
Speaker 3 (00:15):
It'd be good morning six half for five. Great to
have your company. It is Thursday morning, of course, and
I'll lead into you before six. Tourism grinding along and
keyw is hopping across the ditch for good. We've got
new numbers out yesterday. We'll ask an economist what it
means for the rest of us. The new PPP framework
has been released. We'll talk for infrastructure New Zealand about it.
Is it any good? Mitch mccannon's stateside and the christ
(00:38):
Show is happening, but it's only going to be half
as big.
Speaker 2 (00:44):
The agenda.
Speaker 3 (00:45):
It is Thursday, the fourteenth of November. The transition is
kicking off any moment now. Donald Trump is going to
head to the White House and meet with Biden. This
is going to be the start of the handover. Surely
Mlani will be there measuring up the cursions. Get some
new drapes in there. Also big day Foo Senate Republicans
today voting on the new leader. Mitch McConnell stepping down
(01:06):
from January.
Speaker 4 (01:07):
There is stiff competition between Texas Senator John Cornyn John Thune,
who is the Republican whip currently, and also Florida Senator
Rick Scott, who most notably has picked up support from
a number of Trump allies, including Eloton Musk.
Speaker 3 (01:23):
It certainly has after two years of cooling and staying stateside.
Right now, US inflation has ticked up ever so slightly
in October, just zero point two percent for the month,
the annual rate two point six percent. That's compared to
two point four for September. Core inflation, which excludes fuel
and food prices, remains steady at three point three percent. Now.
This is in line largely with economist expectations and it
(01:45):
shouldn't affect the next FED rate cut. New Zealand food
price inflation numbers will be out later this morning. That
volcano and Indonesia still erupting, Jetstar Quantus flights still canceled
entering its tenth day.
Speaker 5 (01:57):
The problem is these type volcanos can be very complex,
they can be unpredictable, and their eruptive activity is typically
this intermittent style of significant explosion every few days or
so you've.
Speaker 3 (02:11):
Got a field for Valencia. Thousands of people have been
evacuated from southern Spain as another red severe weather warning
has been issued, so that includes parts of Valencia. They
are again under Orange weather warnings there. Two hundred and
twenty people have died in recent severe weather events and
flash flooding in the country.
Speaker 2 (02:28):
The 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.
Speaker 3 (02:37):
News Talk said, be a couple of little things to
kick us off this morning. One was the hiccor yesterday.
You would have seen, I'm sure the coverage on the
news last night. How can we not know how many
people cross the Harbor Bridge? You know, we've got police
there who have the little tickers in their hand. Are
they not counting? They said they were so they gave
us a number of five thousand. The organizers gave us
(02:58):
a number of twenty five thousand. I mean these are
vastly different numbers, aren't they. Twenty five thousand. Labour gave
us a number of ten thousand. Have listened to this
reporter on one news.
Speaker 6 (03:08):
The hikoy was so big that it needed to be staggered,
so several hundred people would be grouped and would cross
the bridge at different times. I was there for the
duration of the morning and saw waves and waves over
seven waves.
Speaker 3 (03:22):
I counted, so two hundred and fifty per waves seven waves,
that's by my calculation, seventeen hundred and fifty people. So
now we have four numbers. We have seventeen hundred and fifty,
we have five thousand, we have twenty five thousand, and
we have ten thousand. Who do we believe honestly, nine
two ninety two is the number to two? I suppose
(03:43):
it doesn't really matter. It does matter how big this
protest is. It does because remember the big heikoy for
Foreshaw and Seabd. I went back and had a look.
They reckon there was about ten thousand protesters, swelling to
fifteen thousand by the time it got to Parliament. And
what to party my will want to say is that
this protest in particular is the biggest that New Zealand
(04:04):
has ever seen. And so that's one they're giving us
numbers like twenty five thousand, which are patiently false. I mean,
that's misinformation, isn't that If you look at the reporter,
the police and even labor to Passy Valdi's number is
way out the gate, So I don't know. It does matter,
it does matter, But who do you believe? I guess
ten minutes after five you're on News Talk, sat.
Speaker 2 (04:26):
By and Bread Rich.
Speaker 3 (04:30):
Also this morning Everyday Rewards. Does anyone use Everyday Rewards?
I've never heard of it. Apparently it's relatively new. You
can buy things like trumpet, woolworst BP, pet stock, milk
run and vine online. I need to get out more, obviously,
but I have no idea what it is. Anyway, there's
great news this morning. If you do use it. You
can now get airpoints, dollars and Quantus points from the
(04:52):
second of December, just in time for Christmas. Honestly, who
spends the time? Well, first of all, you're going to
take the card with you and who remember is that?
And then you're going to swipe it every time. You know,
swiping once is laborious enough, But do tell me how long?
How many years does it take you to win a
chocolate fish off? Everyday Rewards nine two ninety two. It's
(05:13):
eleven after five. News Talk said, b.
Speaker 2 (05:21):
Get ahead of the headlines, Ryan Bridge, you for twenty
twenty four on early edition with Smith City, New Zealand,
Furniture Beds and a playing store, News Talk SEDB.
Speaker 3 (05:32):
There's one hundred thousand journalists out sothing, not quite that many,
but a few outside the White House right now. They're
all eager to get a photo of Donald Trump returning
to the White House. He is going to head back
to the Oval Office for a meeting. It's crazy to
think about, isn't it, But that is democracy. For a
meeting with Joe Biden is to start the transition. At
the same time, The New York Times is reporting this
(05:52):
morning that Jack Smith, now he's the special counsel for
the Justice Department that was taking those prosecutions against Trump.
That was the one was about the election defeat, you know,
plotting to overturn the election defeat. The other was about
hiding classified documents. Well, this guy, Jack Smith, has come
out and said I'm going to end these two prosecutions
(06:13):
of Donald Trump and I'm going to resign before he
takes office. And the reason he's doing that, well, firstly,
the Justice Department says you can't prosecute a sitting president,
and he hasn't done it in time. Secondly, he was
told by Trump through the media, I will fire you
within two seconds of getting into office, so he's just
(06:33):
sort of beating him to it. I suppose. Fourteen after five,
Ryan Bridge, the government has released it's refreshed public private
Partnership framework. It was part of the National at Coalition
agreement and the government says it'll help deliver a new
generation of vital infrastructure projects. Interestingly, the four word written
by Labour's Barbara Edmonds. So is that a sign of
some you know, bipartisanship on this issue. Nick Leggett is
(06:57):
Chief Executive Infrastructure New Zualanities with me this morning. Hey Nick,
Hi Ryan, what sticks out for you here? I mean
the first one that they look at is the risk.
So who's taking on all the risk? And at the
moment we might be putting people off by putting too
much risk on the contractors.
Speaker 7 (07:15):
Yeah, I mean that's that has been a bit of
an issue here. And of course if you want public
private partnerships to be successful, you've got to actually attract
the private sector and having is much understood upfront about
the project and if you think about you know that
the underlying land in New Zealand's got some rocky parts
(07:37):
of the country, but also getting in and buying land early,
establishing as much as you can know so risk can
be properly allocated. The thing is that the private sector's
prepared to take risks. Of course it just will be
priced into the job. But this is you know, we're
very immature where it comes to public private partnerships. We've
only built eight The last labor government paused them, so
(07:58):
we haven't sort of evolve them properly. So this frameworks
really important and it means the government doesn't have to borrow.
And the other point about a public private partnership and
there'll be people driving on roads now that aren't in
good conditional taking their kids to schools, to school buildings
that should have been replaced and renewed. We need to
do better where it comes to our infrastructure assets. And
(08:21):
it's the thing about a PPP. It's not just about
building the road or the school. It's about taking a
whole of life approach to that particular asset. And the
private set not only owns and builds it, but they
maintain it. And Brian, I think kiwis know the government
has been pretty poor over many decades at maintaining our
(08:43):
public assets.
Speaker 2 (08:44):
And so them is just one tool.
Speaker 3 (08:46):
My car our testament to that. Just on that because
it's related to your point. So the part of this
framework is that any PPP must stack up against other
potential models of delivery, which seems entirely reasonable. Are there
types of projects that actually wouldn't be suitable for PPPs?
And so what types of projects?
Speaker 7 (09:08):
Yeah, look, it's a good point. I mean I think
you know, there be many many projects that aren't suitable.
I mean you have to have scale, so a road
would be suitable. But frankly, Ryan, it's another conversation we've
got to have because it's better to have an income
stream from these assets that are public private partnerships. So
(09:29):
a road with a toll on it is going to
be much more appropriate than a road without a toll.
And you know people will also go to Australia and
other parts of the world we're road tolling for good.
Decent pieces of road are standard and people don't mind
paying more if they get places quicker and more safely.
And as you know, you say, the rooms of their
(09:51):
car are not damaged. And so it would be those
large projects or a whole lot of individual, smaller projects
bundle together, and you know we have we've had school
PPPs and you know what, the schools love them because
it means that teachers and principals get to educate kids.
They're not focused on being property managers every time you
(10:12):
have the light.
Speaker 3 (10:13):
Fails or and they're in a room that's not covered
in mold. Nick, thank you very much for that this morning.
Great to have you on the show as always, Nick Legatiev,
executive at Infrastructure New Zealand. They've put the PPP framework
up online for those who might be interested. Ex I
was having a look at the report by Stephen Joyce.
They looked into the new agency they're setting up to
as the funding vehicle for PPPs this morning, and I'll
(10:36):
share that with you in just a second. But I
am looking at live pictures coming out of the White
House right now. Biden and Trump have sat down together.
They have made up, well I don't know if they're
quite made up, but they've sat down in front of
a roaring fire and how do we chat to the media.
We'll bring you audio of that next.
Speaker 2 (10:57):
On your radio and online on iHeart Radio Early Edition
with Ryan Bridge and Smith City, New Zealand's furniture beds
and a playing store.
Speaker 3 (11:06):
On youth talks, that'd be twenty one after five. On
news talks, they'd be We'll get to Trump and Biden
at the White House shortly right now though, alpacker, judge
and competitions, lawn mower racing, sheep and equestrian events. Christ
Church Show is back this week, but smaller. They have
one hundred thousand visitors last year, expecting sixty thousand this year.
(11:26):
But it's still an amazing feat for Anderson's event high.
Christ Church Show event director Pel thanks for being with me.
It's quite a rabbit you've pulled out of the hat
here to get this all together.
Speaker 8 (11:37):
Yeah. Sure has been, specially for the last three months,
which is yeah, the time we've had, which is usually
a year to organize such an event. So yes, still
such an impressive lineup and the look and feel of
a normal imp show. So yeah, we're so excited because it.
Speaker 3 (11:56):
Was going I mean, it was basically off, wasn't it.
And you guys came in and you're doing a bit
of a rescue job here.
Speaker 8 (12:03):
Yeah, basically we said can't be done. A new board
came in and they went, I reckon, you guys, all right,
let's make something happen here, and yeah, it'll just flowed
from there, which we were so grateful for.
Speaker 3 (12:16):
How many events have you got your How big will
the turnout be? I know that the numbers are about
sixty thousand they're expecting, But in terms of the trade stores,
et cetera, compared to last year.
Speaker 8 (12:26):
Yeah, trade is probably about thirty forty percent lease. But
in terms of everything else around the AMP show experience
much the same, if not more. Maybe entertainment or a
real good mix of entertainment like lawnmar racing. Never seen
it so excited, you know, that just seems so unusual,
and I just think there'll be it's like that a
(12:48):
part of the show that people are just going to
really go what a core experience.
Speaker 3 (12:53):
Hey, do you guys make money out of something like this?
Speaker 8 (12:55):
Phil? The aim is too, But yeah, not a lot though,
to be for you, there's a lot of costs associated
with us, especially you know when we consider the other
events that we do, this thing's very heavy in terms
of the cost. Is so much infrastructure that goes into
(13:16):
us that's been such a massive learning curve.
Speaker 3 (13:18):
Good on you're for getting it done in such a
quick amount of time. Phil, I really appreciate you coming
on the show. And best of luck with Christ Show,
which is on this week. That was Phil Anderson event
higher Christ Jutch Show event director. Twenty three minutes after five,
Ryan Bridge, Right, let's go to the White House. Biden
and Trump have met. Wells President, I.
Speaker 9 (13:36):
Like former president, Thank you, congratulations, thank.
Speaker 3 (13:40):
You, looking forward to having a like we said, it's
still with transition toever we can make sure you're coming
in what you need. We're gonna get a chance.
Speaker 10 (13:51):
To talk across today. It's good, welcome, welcome, Jenna, thank
you very much.
Speaker 2 (13:56):
And politics is tough.
Speaker 10 (13:59):
And it's to many cases not a very nice world.
But it is a nice world today. And I appreciate
very much a transition that's so smooth. It'll be as
smooth as you can get. And I very much appreciated Jill.
Speaker 3 (14:13):
You are there. You go. That noise you can hear
in the background is a roaring fire. Someone really cranked it.
That's got one, two, three, four, fix six logs on
it coming. They are almost on fire, the two of them.
But there you go. Trump saying it's a nice world today.
There is a smooth transition taking place. This is what
usually happens. Obviously didn't happen last time, but this is
(14:34):
what usually happens when you have one president taking over
from another from different parties. They will come in and
they'll have their little transition meeting. Milania I did mention
Millennia might be they're measuring up the drapes and you know,
paint colors, things like that. Apparently she stayed at Mara
Lago today. She stayed away. Didn't want to see Jill Biden.
So do you go twenty five after five Y're on
news Talks. He'd be lots of your text to get
(14:56):
to on, particularly on the everyday rewards. Actually, here's one
quickly from Gary. I think everyday rewards is fantastic. I'm
a regular. Fifteen dollars off my Woolies groceries and everyday
rewards specials, ten percent off petrol easy as flashing are
rewards on my phone, Happy and easy, says Gary. Well,
(15:19):
if you're getting fifteen dollars off your Bullies groceries, that's
not bad, is it. Twenty five after five.
Speaker 2 (15:24):
The Early Edition Full Show podcast on iHeartRadio, Power by News.
Speaker 3 (15:29):
Talks at me, it's news talks. It'd be twenty seven
after five. Great to have your company this morning. Why
does no one like us New Zealand. Two numbers out
yesterday that prove this, one eighty seven percent. We're still
plateauing in the high eighties for tourism. That's on pre
COVID levels. And number two fifty five thousand for the
year September that was our net migration loss of New
(15:53):
Zealand citizens, which is a new record. Not only are
we that unsexy to foreigners, they won't come here and
have a piece, but our own people are off flirting
up a storm with the likes of Australia. And they're
not even flirting. It's not a weekend fling. They have
left us. It's divorce. Sure, we're getting more people in
(16:13):
terms of overall migration, meaning an overall net positive number.
But next year, many economists predict, for the first time
in a long time, excluding COVID, we'll hit net zero migration.
And we need migrants to support our economy here, and
we need tourists to support our economy here as well.
So what's happened to us? Do we stop brushing our hair?
And cleaning our teeth. Do we look like some antipody
(16:35):
and mole at the bottom of the world that you'd
rather skip over. The Aussies are rebounding much better than
us on tourism, and they're taking all of our young workers,
and you look at all the places that are so
overcrowded by tourists. They're introducing limits in Florence. Just yesterday
they announced that they're banning key boxes to stop Airbnbs
(16:55):
in their city. Rome, Amsterdam, Athens, Pouquette, just to name
a few. They're all doing similar things. Last year, we
ranked one hundred and fifty seventh out of one hundred
and eighty countries on growth and things haven't improved much
there since we are a very expensive place to come
and we are at the bottom of the world. The
heart of the matter, though, is we've lost a bit
of our mojo. Apart from cutting spending and focusing on
(17:18):
the basics, which are important, what is this country's big
plan to grow our economic future and fortunes? What industries
are we targeting. Until we can answer that big question,
we'll still look a little bit ugly to the rest
of the world.
Speaker 2 (17:36):
News and views you trust to start your day. It's
early edition with Ryan Bridge and Smith City, New Zealand's
furniture beds and a flying store News talks. That'd be.
Speaker 3 (17:54):
Good Morning New Zealand, twenty four away from six. Great
to have your company on this Thursday morning. Donald Trump
has just met with Joe Buying at the White House.
Says politics is a brutal sport, but quote, it's a
nice world today. They did that chat fireside. Republicans are
about to pick their new leader for the Senate. That's
happening in two hours. Mitch McCann is with US live
from New York. Inside the next fifteen also before six,
(18:16):
an economist on our tourism numbers and migration as well.
The government has just released yesterday a calculator, a gender
pay gap calculator. I mean, this is such a big
issue for me that I thought I would go and
use the calculator. So apparently the average pay gap is
eight point two percent, so women are an eight point
two percent less than men. You can go in and
you can put as if you're an employer, you put
(18:39):
how many workers you have male female? Workout your gap,
and then it tells you what to do about it.
So here here's the results that I pretended I had
three men and three women working for me. I pretended
the men. The average for men was sixty thousand a year.
The average for the women was fifty thousand. What did
that tell me? Whip? Do you do that? The end
(19:00):
to pay gap was sixteen point seven percent? Didn't say
whether you know one of those men was the CEO
or the manager, which might have completely skewed the result.
It just says, no, sixteen point seven percent is your
gender pay gap? There? It is. It also asked me
do you have any gender diverse people working for you?
And I said no, So it has given me a
(19:20):
gender diverse pay gap of one hundred percent. But there's
no gender diverse person. So the difference between what a
man earns and what a gender diverse person earns is
one hundred percent. Do we have to address that anyway?
Let's get to now the important part, which is what
does this mean? That it gives you a whole toolkit,
(19:42):
our whole explanation and a whole roadmap for what to
do next? What does this mean and what could you do?
It says here you may find that some employees still
get stuck, or that women are less likely to advance.
What do you do about that? Increase fairness and remuneration
reviews by reducing discretion. This could include introducing a step
(20:04):
based pay system with an automatic annual adjustment and delinking
performance from pay. So, in other words, ditch performance pay.
On what planet are we living? When a government tells
a business not to performance pay its staff. What if
you're shit at your job? I'm sorry, I don't care
(20:25):
if you're a man or a woman. What if you're
bad at your job? Oh well, she's got boobs. Tick
the box, give her the right, give her the raise.
I mean, I just don't understand this, But then maybe
I'm not meant to. It's twenty one away from six
shown to our reporters around the country. Black Ben's in
duned and Blake disbelief over a theft at a primary school.
(20:47):
What's this about?
Speaker 5 (20:48):
Yes?
Speaker 11 (20:49):
This is the broad Baying School, which has had a
number of expensive tool stolen, including a weed eater, leaf blower,
and lawn mower. They're used by the enviro school to
maintain its gardens, which students actively use as part of
the Garden to Table program. Otidra Peninsula Community Board Chair
Paul Pope says people go out of their way to
contribute to their schools, which is why thefts like these hurt.
(21:09):
Principal Rebecca Gilbertson says they'll be relying on locals to
bring tools from home for their working be next Sunday,
adding the community has responded with warmth and kindness. She's
thankful for the police help as they investigate.
Speaker 3 (21:22):
That's terrible house. So were that blake.
Speaker 11 (21:24):
We'll be a bit of a cloudy morning here with
rain and northeasterly is developing this afternoon.
Speaker 3 (21:28):
I have eighteen thank you claires and christ Church's clear
on a wildlife park, the chief executive resigning. What are
people saying about it?
Speaker 5 (21:35):
Yeah?
Speaker 12 (21:36):
While the organization investigating Irana Park has spoken about Elen
Anderson's resignation, she announced yesterday she's stepping away from the
zoo here in christ Church after twenty eight years in
the top job. Staff reports of animal deaths had prompted
four separate investigations earlier this year. Some of those do
remain ongoing now. Anderson's resignation announcement interestingly doesn't mention any
(21:58):
of the investigations, saying now is the time for her
to focus on health and some work life balance. The
Zoo and Aquarium Association Australasia is finalizing its independent report.
It says it will be provided to the park's board
in the coming weeks. It does say it regrets to
hear of Anderson's resignation, saying she has been a dedicated
(22:19):
leader and thanks her for her contributions and achievements.
Speaker 3 (22:22):
All right, how's your weather?
Speaker 12 (22:24):
A bit of rain about to start today clearing this
evening northeasterly is becoming fresh and eighteen degrees, Thank you Max.
Speaker 3 (22:30):
A caution for public servants wanting to join the he coy.
Speaker 13 (22:33):
Yeah, when that he coy, of whatever size it actually is,
does get to the capital marches on Parliament, it's of
course going to be incredibly disruptive.
Speaker 3 (22:40):
In Wellington.
Speaker 13 (22:41):
The Public Service Association, which publicly supports the protests, is
warning its members to hide who they work for, ie.
Don't wear lanyards, ID badges, anything like that. The PSA
is still encouraging people to take part, telling them they
absolutely can do if they want to in their own time,
even if their agency department requires them to be politically neutral.
(23:03):
The vast majority of public servants being told to work
from home if possible next Tuesday. A lot of the
major unions in fact backing the HECOID, which is not
surprising at the pub Post Primary Teachers Association, Early Childhood
Union and zed EI are in that camp. David Seymour
this week saying students would be disadvantaged by missing out
on valuable learning time should their parents bring them along
(23:25):
or if they skip school to go.
Speaker 3 (23:27):
So hang on. All all of the public services being
told to work from home that day if they can.
Speaker 13 (23:33):
Yeah, it happens when there's a major protest or demonstration
at Parliament. If you can work from home, do so well.
Speaker 3 (23:40):
If we could put up with our bridge being closed,
you guys can put up with it anyway. Next thing
you how's your with.
Speaker 13 (23:45):
Her rain getting stronger as the day goes on the
High twenty.
Speaker 3 (23:49):
Thank you very much. Neiva's and Norkland hay Nava.
Speaker 14 (23:51):
Good morning.
Speaker 3 (23:52):
So there's a few restrictions on the Franklin Road Christmas
lights this year.
Speaker 15 (23:55):
Yes, Now they're going to the becon this year, starting later,
turning off sooner and also with security. So what will
happen is that it's going to run from December to
seventh I think usually it's from the first to December
and residents are going to switch the lights off around
ten pm. Used to be eleven pm. Now, the coordinator says,
there was a lot of feedback. This is on unlicensed
(24:17):
street vendors, so I think in previous years and last
year they had people on licensed vendor selling balloons and
food and all sorts. So the residents in the area went, hey, hey,
we don't want that happening. So the Pondsibu Business Association
is going to provide them with security as well, because,
as we all know, up and down that street on
Franklin Road in the middle of the night and they
get all those drag races and people yet the you know, yeah,
(24:40):
the hooligans, that's what you call them, the rolygans.
Speaker 3 (24:43):
The riff raff come to Christmas. No, it's terrible, it's terrible.
They'll need and they always have a police presence there too,
don't they, which is a shame that they have to.
Speaker 15 (24:50):
I've got a couple of friends that live on that
street and they just roll their eyes at the time.
Speaker 3 (24:54):
Awful place to live, I think, So I hate that
a house.
Speaker 15 (24:58):
The weather showers us morning and those shows will become
more frequent. This evening Auckland's High.
Speaker 3 (25:03):
Twenty two brilliant. Thank you Neva. This funny text is
coming on Blake's story out of Dunedin, which was an
environmental school and they're upset because their weed eater has
been stolen. This textas says, wouldn't an environmental school use
sheep and goats instead of a weed eater? Good point?
Speaker 2 (25:19):
International correspondence with ends and eye insurance, peace of mind
for New Zealand business.
Speaker 3 (25:26):
It is fourteen minutes away from sex News Talk ZEBB.
So incoming president President elect Donald Trump has met with
Biden at the White House in the Oval Office fireside,
and boy Mitch mccanner is with us. That fire was
absolutely cranking. Yes, I know what is freezing over here. Ryan.
Speaker 16 (25:43):
It looked like a beautiful morning in the White House
for an awkward conversation. I think we've all had awkward
meetings in our life, but perhaps not as awkward as
we expected that one to be between Joe Biden and
Donald Trump, although it seems on the surface of it
they were families. Joe Biden said to Donald Trump, well,
mister President elect, former President Donald congratulations, and he said
(26:07):
welcome back to the White House, and Donald Trump responded,
politics is tough in many cases, not a very nice world.
But it is a nice world today and I appreciate
it very much. So a lot of smiles and a
lot of handshakes between Donald Trump and Joe Biden, perhaps
a little bit unexpected, Ryan, seeing it seems like they
despise each other usually.
Speaker 3 (26:27):
Yeah, it was a little weird, a little awkward, and
I did wonder whether they'd put this. I counted seven
logs on that fire, and I hate to keep going
on about it. Was that like a metaphor for democracy burning,
you know, it's possible.
Speaker 16 (26:39):
I didn't even know it was a real fire, but
it looked very nice.
Speaker 3 (26:41):
I'd rather be there this morning cranking. Let's talk about
aviation suspending flights they have out of the US to Haiti. Yeah,
that's right.
Speaker 16 (26:49):
America's aviation regulator, that is, the FAA, has suspended flights
to Haiti for thirty days now. That country has been
embroiled in chaos for some time now. It's estimated by
the Yuien that more than three thoy six hundred people
have been killed in eighty since January. Essentially, the problem
is it has been overrun by gangs at the moment,
(27:10):
but three American aircraft Jet Blue, Spirit and American Airlines
were all hit by bullets on Monday after flying to
the capitol Porto Prince, So the FAA has now said
for thirty days no American flights are going to go there.
Speaker 3 (27:23):
All right, Mitch, thank you very much for that much.
Mccnal live from New York. Just so that you know,
Jimmy Carter apparently grew up around wood burning systems throughout
his childhood, so when he got to the White House,
he installed six wooden stoves, wood stoves around the building,
So there you go. They're still in operation today. Apparently
twelve two six Brian Bridge and you're on News Talk.
(27:44):
Tourism numbers are out. It's not good news for the
sector as we head into summer. We're still only hitting
eighty seven percent of our pre COVID numbers. It's more
of a merit than an excellence on an NCAA exam,
you'd have to say. Migration is also declining as a
record number of kiwis leave most of them to Australia.
It's net positive for now, but reducing each month. So
(28:05):
could we be on the way to net zero migration
next year. And what does it mean? Mark Smiths, the
ASP senior economists, Mark, good morning, good morning, good to
hear from you. Should we be worried about this? It's
a pretty stubborn pre COVID number on migra on tourism.
Speaker 9 (28:23):
Yeah, that's right in sims of the shortfall. If you
put it that way, it threes. We're broad based by
different markets, particularly Europe about thirty percent below pre COVID levels,
China about forty five, and the rest of Asia about
thirty percent as well. So it is a reasonable broad
based reason for that. Now, looking at probably the reasons, One,
(28:47):
the global economy stare of recovering from COVID, so it
will take some time.
Speaker 7 (28:51):
Two.
Speaker 9 (28:51):
New Zealand's are pretty peripheral destination for tourism the best
of times, and we're very small, only about two point
two percent of global tourism. Probably the most important reason
I think is that cost remains stubbornly high for people
getting to New Zealand were long away. New Zealand's are
recently high cost destination and air fares were still very
(29:11):
high as well.
Speaker 3 (29:12):
So it's not us, it's them. Basically, they're in the
cost of living crisis too, and we're far away. It's
not that we've gotten ugly orly shiny during COVID.
Speaker 9 (29:22):
Well I'm not so sure about that, And I mean,
there are things you can do to make sure that
you're a lot more attractive destination. Arguably, we'll probably have
some work to do as well.
Speaker 3 (29:31):
Yeah, and when we are slapping on a tourist tax too,
which has yet to be felt. Let's talk about the
other elephant in the room, and that's migration. What happens
if we hit net zero next year? What does that
mean for us?
Speaker 9 (29:45):
Well, yeah, migration if you like is a viewer, I
suppose again of how attractive you are, we've gone from imparible,
we're sort of at the head that the dirty stakes
very attractive now to locking at potentially net outflows next year.
Now that's really reflection of where the New Zealand economy
is real to the rest of the world, and at
the moment we're weaker and those migration flows for falling. Now,
(30:07):
migration is the difference between two very big numbers, and
it's certain possible we could see the outflows for next
year as well.
Speaker 3 (30:15):
Next year and is that really bad? I mean, what
does it do to our GDP. Obviously it'd be good
for presumably for demand on resources like hospitals, et cetera.
But what does it do to our growth?
Speaker 9 (30:27):
Yeah, I mean that's a good point. A lot of
the things, a lot of the resource utilization will ease,
so things like congestion, hospitalization that that will be easier.
The other side of the corner that will be demanded,
and the economy will be a weaker. The housing market
for example, will be a weaker as well, less demand
thousand and potentially things like for the labor market. Migration
(30:48):
has been a huge factor enabled New Zealand to revise,
you know, enough staff for certain worlds that might also
be an issue.
Speaker 3 (30:56):
What's what's our projection for GDP for next year? In
the following.
Speaker 9 (31:02):
Essentially it's been flat, well has a year or two.
We might see a bit of a rebound sort of
in the second half of next year and that should
hopefully ten around migration flows. But again it's still quite
a long way ahead and they're still quit of them, certainly,
but hopefully we're past the store of trif of the
cycle and we should start to improve by the next year,
(31:25):
you hope.
Speaker 3 (31:25):
So Australia is looking at one point two percent for
twenty five and one point nine percent for twenty six,
so we're going to try and beat them. Some stats
up with Mark. Thank you very much, Mark Smith asb
senior economist. On those two new numbers, one tourism, the
other migration. It's eight to sex News Talks. He'd be.
Speaker 2 (31:42):
Ryan Bridge, new for twenty twenty four on the early
edition with Smith City, New Zealand's furniture beds and a
playing store news Talk.
Speaker 3 (31:51):
Hi'd be slicks away from sex news Talk, said, be.
The big story you'll be hearing about today out of
the US is the fact that Trump has returned to
the White House for a fireside chat with Joe and
boy was that fire cranking? Ryan, The fireplace looks so
hot in that photo. I've done a Google image search.
None have been cranked as hard as today's fire, despite
(32:11):
all of the meetings with world leaders that have been
held there. So conspiracy, Ryan, Why this is from Brian?
Why is Biden meeting with a Nazi? Good question? Mike's here,
Hey Mike, good morning. Did you see that fire? Yeah,
it's it's gas.
Speaker 14 (32:26):
You realize it's a gas fire.
Speaker 3 (32:28):
It's not. It's a well known gas fire and been
a well known gas fight.
Speaker 14 (32:33):
Well, because, of course, the first question you always ask
whenever they have those meetings in that room is you
know you have the fire going, what time of year
is it, how much heat has put out?
Speaker 2 (32:42):
You know?
Speaker 14 (32:42):
How do you offset it with.
Speaker 3 (32:43):
The air conditions?
Speaker 14 (32:43):
These are the questions you are very much So what
about how many people are in the room. You going
to realize a lot of very small room, A lot
of people in the room love journalists In terms of
is it really gas it's a gas fire? Well, of course,
it's a convincing gas fire. It's a very good gas fire.
And I'm into gas fires. Look at it, and so
the only gas fire I've ever experienced. There's a place
in New Zealand that I won't name, but it's a
(33:05):
very well known hotel that has a similar style of
gas fire.
Speaker 3 (33:08):
Because mostly it was crackling. Are you making this up?
I'm not making it up.
Speaker 14 (33:13):
It's a well known gas fire.
Speaker 3 (33:14):
How does a gas fire crackle? You simply turn it up.
Speaker 14 (33:17):
You simply turn it up.
Speaker 3 (33:18):
Sounds like a yarn. It's not a it's the real story.
Jimmy Carter lovedood and he had them installed in the right.
Speaker 14 (33:26):
Think about why it's a gas fire. You can't have
logs and things exploding out of the fireplace where world
leaders are in the room, setting the carpet on.
Speaker 3 (33:35):
Fire and the curtain. I think they've cranked it that hard.
I believe that's a symbolism. I think that to say, look,
democracy is burning Trumps back in the back.
Speaker 14 (33:42):
I think they want to melt his makeup. I think
there's something in that because I've never seen it that
high as well. It was major.
Speaker 3 (33:49):
But that's a cool fire.
Speaker 14 (33:51):
If you get a gas fire, because most gas fires.
Speaker 3 (33:53):
Here take that.
Speaker 14 (33:54):
You get a little tiny, pathetic flame and there's no heat.
Speaker 3 (33:56):
If you can pump that.
Speaker 14 (33:57):
Up, mind you think about that. They'd beyond pipes, not tanks,
because you'd be burning through a guests.
Speaker 3 (34:01):
Look, honestly, I didn't give it that much thought. That's
why I'm here. Mike is with you next with all
of the good information.
Speaker 2 (34:11):
For more from Early Edition with Ryan Bridge, listen live
to news Talks it'd be from five am weekdays, or
follow the podcast 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.
Speaker 2 (00:12):
Furniture bands and a play a store news dogs.
Speaker 3 (00:15):
It'd be good morning six half for five. Great to
have your company. It is Thursday morning, of course, and
I'll lead into you before six. Tourism grinding along and
keyw is hopping across the ditch for good. We've got
new numbers out yesterday. We'll ask an economist what it
means for the rest of us. The new PPP framework
has been released. We'll talk for infrastructure New Zealand about it.
Is it any good? Mitch mccannon's stateside and the christ
(00:38):
Show is happening, but it's only going to be half
as big.
Speaker 2 (00:44):
The agenda.
Speaker 3 (00:45):
It is Thursday, the fourteenth of November. The transition is
kicking off any moment now. Donald Trump is going to
head to the White House and meet with Biden. This
is going to be the start of the handover. Surely
Mlani will be there measuring up the cursions. Get some
new drapes in there. Also big day Foo Senate Republicans
today voting on the new leader. Mitch McConnell stepping down
(01:06):
from January.
Speaker 4 (01:07):
There is stiff competition between Texas Senator John Cornyn John Thune,
who is the Republican whip currently, and also Florida Senator
Rick Scott, who most notably has picked up support from
a number of Trump allies, including Eloton Musk.
Speaker 3 (01:23):
It certainly has after two years of cooling and staying stateside.
Right now, US inflation has ticked up ever so slightly
in October, just zero point two percent for the month,
the annual rate two point six percent. That's compared to
two point four for September. Core inflation, which excludes fuel
and food prices, remains steady at three point three percent. Now.
This is in line largely with economist expectations and it
(01:45):
shouldn't affect the next FED rate cut. New Zealand food
price inflation numbers will be out later this morning. That
volcano and Indonesia still erupting, Jetstar Quantus flights still canceled
entering its tenth day.
Speaker 5 (01:57):
The problem is these type volcanos can be very complex,
they can be unpredictable, and their eruptive activity is typically
this intermittent style of significant explosion every few days or
so you've.
Speaker 3 (02:11):
Got a field for Valencia. Thousands of people have been
evacuated from southern Spain as another red severe weather warning
has been issued, so that includes parts of Valencia. They
are again under Orange weather warnings there. Two hundred and
twenty people have died in recent severe weather events and
flash flooding in the country.
Speaker 2 (02:28):
The 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.
Speaker 3 (02:37):
News Talk said, be a couple of little things to
kick us off this morning. One was the hiccor yesterday.
You would have seen, I'm sure the coverage on the
news last night. How can we not know how many
people cross the Harbor Bridge? You know, we've got police
there who have the little tickers in their hand. Are
they not counting? They said they were so they gave
us a number of five thousand. The organizers gave us
(02:58):
a number of twenty five thousand. I mean these are
vastly different numbers, aren't they. Twenty five thousand. Labour gave
us a number of ten thousand. Have listened to this
reporter on one news.
Speaker 6 (03:08):
The hikoy was so big that it needed to be staggered,
so several hundred people would be grouped and would cross
the bridge at different times. I was there for the
duration of the morning and saw waves and waves over
seven waves.
Speaker 3 (03:22):
I counted, so two hundred and fifty per waves seven waves,
that's by my calculation, seventeen hundred and fifty people. So
now we have four numbers. We have seventeen hundred and fifty,
we have five thousand, we have twenty five thousand, and
we have ten thousand. Who do we believe honestly, nine
two ninety two is the number to two? I suppose
(03:43):
it doesn't really matter. It does matter how big this
protest is. It does because remember the big heikoy for
Foreshaw and Seabd. I went back and had a look.
They reckon there was about ten thousand protesters, swelling to
fifteen thousand by the time it got to Parliament. And
what to party my will want to say is that
this protest in particular is the biggest that New Zealand
(04:04):
has ever seen. And so that's one they're giving us
numbers like twenty five thousand, which are patiently false. I mean,
that's misinformation, isn't that If you look at the reporter,
the police and even labor to Passy Valdi's number is
way out the gate, So I don't know. It does matter,
it does matter, But who do you believe? I guess
ten minutes after five you're on News Talk, sat.
Speaker 2 (04:26):
By and Bread Rich.
Speaker 3 (04:30):
Also this morning Everyday Rewards. Does anyone use Everyday Rewards?
I've never heard of it. Apparently it's relatively new. You
can buy things like trumpet, woolworst BP, pet stock, milk
run and vine online. I need to get out more, obviously,
but I have no idea what it is. Anyway, there's
great news this morning. If you do use it. You
can now get airpoints, dollars and Quantus points from the
(04:52):
second of December, just in time for Christmas. Honestly, who
spends the time? Well, first of all, you're going to
take the card with you and who remember is that?
And then you're going to swipe it every time. You know,
swiping once is laborious enough, But do tell me how long?
How many years does it take you to win a
chocolate fish off? Everyday Rewards nine two ninety two. It's
(05:13):
eleven after five. News Talk said, b.
Speaker 2 (05:21):
Get ahead of the headlines, Ryan Bridge, you for twenty
twenty four on early edition with Smith City, New Zealand,
Furniture Beds and a playing store, News Talk SEDB.
Speaker 3 (05:32):
There's one hundred thousand journalists out sothing, not quite that many,
but a few outside the White House right now. They're
all eager to get a photo of Donald Trump returning
to the White House. He is going to head back
to the Oval Office for a meeting. It's crazy to
think about, isn't it, But that is democracy. For a
meeting with Joe Biden is to start the transition. At
the same time, The New York Times is reporting this
(05:52):
morning that Jack Smith, now he's the special counsel for
the Justice Department that was taking those prosecutions against Trump.
That was the one was about the election defeat, you know,
plotting to overturn the election defeat. The other was about
hiding classified documents. Well, this guy, Jack Smith, has come
out and said I'm going to end these two prosecutions
(06:13):
of Donald Trump and I'm going to resign before he
takes office. And the reason he's doing that, well, firstly,
the Justice Department says you can't prosecute a sitting president,
and he hasn't done it in time. Secondly, he was
told by Trump through the media, I will fire you
within two seconds of getting into office, so he's just
(06:33):
sort of beating him to it. I suppose. Fourteen after five,
Ryan Bridge, the government has released it's refreshed public private
Partnership framework. It was part of the National at Coalition
agreement and the government says it'll help deliver a new
generation of vital infrastructure projects. Interestingly, the four word written
by Labour's Barbara Edmonds. So is that a sign of
some you know, bipartisanship on this issue. Nick Leggett is
(06:57):
Chief Executive Infrastructure New Zualanities with me this morning. Hey Nick,
Hi Ryan, what sticks out for you here? I mean
the first one that they look at is the risk.
So who's taking on all the risk? And at the
moment we might be putting people off by putting too
much risk on the contractors.
Speaker 7 (07:15):
Yeah, I mean that's that has been a bit of
an issue here. And of course if you want public
private partnerships to be successful, you've got to actually attract
the private sector and having is much understood upfront about
the project and if you think about you know that
the underlying land in New Zealand's got some rocky parts
(07:37):
of the country, but also getting in and buying land early,
establishing as much as you can know so risk can
be properly allocated. The thing is that the private sector's
prepared to take risks. Of course it just will be
priced into the job. But this is you know, we're
very immature where it comes to public private partnerships. We've
only built eight The last labor government paused them, so
(07:58):
we haven't sort of evolve them properly. So this frameworks
really important and it means the government doesn't have to borrow.
And the other point about a public private partnership and
there'll be people driving on roads now that aren't in
good conditional taking their kids to schools, to school buildings
that should have been replaced and renewed. We need to
do better where it comes to our infrastructure assets. And
(08:21):
it's the thing about a PPP. It's not just about
building the road or the school. It's about taking a
whole of life approach to that particular asset. And the
private set not only owns and builds it, but they
maintain it. And Brian, I think kiwis know the government
has been pretty poor over many decades at maintaining our
(08:43):
public assets.
Speaker 2 (08:44):
And so them is just one tool.
Speaker 3 (08:46):
My car our testament to that. Just on that because
it's related to your point. So the part of this
framework is that any PPP must stack up against other
potential models of delivery, which seems entirely reasonable. Are there
types of projects that actually wouldn't be suitable for PPPs?
And so what types of projects?
Speaker 7 (09:08):
Yeah, look, it's a good point. I mean I think
you know, there be many many projects that aren't suitable.
I mean you have to have scale, so a road
would be suitable. But frankly, Ryan, it's another conversation we've
got to have because it's better to have an income
stream from these assets that are public private partnerships. So
(09:29):
a road with a toll on it is going to
be much more appropriate than a road without a toll.
And you know people will also go to Australia and
other parts of the world we're road tolling for good.
Decent pieces of road are standard and people don't mind
paying more if they get places quicker and more safely.
And as you know, you say, the rooms of their
(09:51):
car are not damaged. And so it would be those
large projects or a whole lot of individual, smaller projects
bundle together, and you know we have we've had school
PPPs and you know what, the schools love them because
it means that teachers and principals get to educate kids.
They're not focused on being property managers every time you
(10:12):
have the light.
Speaker 3 (10:13):
Fails or and they're in a room that's not covered
in mold. Nick, thank you very much for that this morning.
Great to have you on the show as always, Nick Legatiev,
executive at Infrastructure New Zealand. They've put the PPP framework
up online for those who might be interested. Ex I
was having a look at the report by Stephen Joyce.
They looked into the new agency they're setting up to
as the funding vehicle for PPPs this morning, and I'll
(10:36):
share that with you in just a second. But I
am looking at live pictures coming out of the White
House right now. Biden and Trump have sat down together.
They have made up, well I don't know if they're
quite made up, but they've sat down in front of
a roaring fire and how do we chat to the media.
We'll bring you audio of that next.
Speaker 2 (10:57):
On your radio and online on iHeart Radio Early Edition
with Ryan Bridge and Smith City, New Zealand's furniture beds
and a playing store.
Speaker 3 (11:06):
On youth talks, that'd be twenty one after five. On
news talks, they'd be We'll get to Trump and Biden
at the White House shortly right now though, alpacker, judge
and competitions, lawn mower racing, sheep and equestrian events. Christ
Church Show is back this week, but smaller. They have
one hundred thousand visitors last year, expecting sixty thousand this year.
(11:26):
But it's still an amazing feat for Anderson's event high.
Christ Church Show event director Pel thanks for being with me.
It's quite a rabbit you've pulled out of the hat
here to get this all together.
Speaker 8 (11:37):
Yeah. Sure has been, specially for the last three months,
which is yeah, the time we've had, which is usually
a year to organize such an event. So yes, still
such an impressive lineup and the look and feel of
a normal imp show. So yeah, we're so excited because it.
Speaker 3 (11:56):
Was going I mean, it was basically off, wasn't it.
And you guys came in and you're doing a bit
of a rescue job here.
Speaker 8 (12:03):
Yeah, basically we said can't be done. A new board
came in and they went, I reckon, you guys, all right,
let's make something happen here, and yeah, it'll just flowed
from there, which we were so grateful for.
Speaker 3 (12:16):
How many events have you got your How big will
the turnout be? I know that the numbers are about
sixty thousand they're expecting, But in terms of the trade stores,
et cetera, compared to last year.
Speaker 8 (12:26):
Yeah, trade is probably about thirty forty percent lease. But
in terms of everything else around the AMP show experience
much the same, if not more. Maybe entertainment or a
real good mix of entertainment like lawnmar racing. Never seen
it so excited, you know, that just seems so unusual,
and I just think there'll be it's like that a
(12:48):
part of the show that people are just going to
really go what a core experience.
Speaker 3 (12:53):
Hey, do you guys make money out of something like this?
Speaker 8 (12:55):
Phil? The aim is too, But yeah, not a lot though,
to be for you, there's a lot of costs associated
with us, especially you know when we consider the other
events that we do, this thing's very heavy in terms
of the cost. Is so much infrastructure that goes into
(13:16):
us that's been such a massive learning curve.
Speaker 3 (13:18):
Good on you're for getting it done in such a
quick amount of time. Phil, I really appreciate you coming
on the show. And best of luck with Christ Show,
which is on this week. That was Phil Anderson event
higher Christ Jutch Show event director. Twenty three minutes after five,
Ryan Bridge, Right, let's go to the White House. Biden
and Trump have met. Wells President, I.
Speaker 9 (13:36):
Like former president, Thank you, congratulations, thank.
Speaker 3 (13:40):
You, looking forward to having a like we said, it's
still with transition toever we can make sure you're coming
in what you need. We're gonna get a chance.
Speaker 10 (13:51):
To talk across today. It's good, welcome, welcome, Jenna, thank
you very much.
Speaker 2 (13:56):
And politics is tough.
Speaker 10 (13:59):
And it's to many cases not a very nice world.
But it is a nice world today. And I appreciate
very much a transition that's so smooth. It'll be as
smooth as you can get. And I very much appreciated Jill.
Speaker 3 (14:13):
You are there. You go. That noise you can hear
in the background is a roaring fire. Someone really cranked it.
That's got one, two, three, four, fix six logs on
it coming. They are almost on fire, the two of them.
But there you go. Trump saying it's a nice world today.
There is a smooth transition taking place. This is what
usually happens. Obviously didn't happen last time, but this is
(14:34):
what usually happens when you have one president taking over
from another from different parties. They will come in and
they'll have their little transition meeting. Milania I did mention
Millennia might be they're measuring up the drapes and you know,
paint colors, things like that. Apparently she stayed at Mara
Lago today. She stayed away. Didn't want to see Jill Biden.
So do you go twenty five after five Y're on
news Talks. He'd be lots of your text to get
(14:56):
to on, particularly on the everyday rewards. Actually, here's one
quickly from Gary. I think everyday rewards is fantastic. I'm
a regular. Fifteen dollars off my Woolies groceries and everyday
rewards specials, ten percent off petrol easy as flashing are
rewards on my phone, Happy and easy, says Gary. Well,
(15:19):
if you're getting fifteen dollars off your Bullies groceries, that's
not bad, is it. Twenty five after five.
Speaker 2 (15:24):
The Early Edition Full Show podcast on iHeartRadio, Power by News.
Speaker 3 (15:29):
Talks at me, it's news talks. It'd be twenty seven
after five. Great to have your company this morning. Why
does no one like us New Zealand. Two numbers out
yesterday that prove this, one eighty seven percent. We're still
plateauing in the high eighties for tourism. That's on pre
COVID levels. And number two fifty five thousand for the
year September that was our net migration loss of New
(15:53):
Zealand citizens, which is a new record. Not only are
we that unsexy to foreigners, they won't come here and
have a piece, but our own people are off flirting
up a storm with the likes of Australia. And they're
not even flirting. It's not a weekend fling. They have
left us. It's divorce. Sure, we're getting more people in
(16:13):
terms of overall migration, meaning an overall net positive number.
But next year, many economists predict, for the first time
in a long time, excluding COVID, we'll hit net zero migration.
And we need migrants to support our economy here, and
we need tourists to support our economy here as well.
So what's happened to us? Do we stop brushing our hair?
And cleaning our teeth. Do we look like some antipody
(16:35):
and mole at the bottom of the world that you'd
rather skip over. The Aussies are rebounding much better than
us on tourism, and they're taking all of our young workers,
and you look at all the places that are so
overcrowded by tourists. They're introducing limits in Florence. Just yesterday
they announced that they're banning key boxes to stop Airbnbs
(16:55):
in their city. Rome, Amsterdam, Athens, Pouquette, just to name
a few. They're all doing similar things. Last year, we
ranked one hundred and fifty seventh out of one hundred
and eighty countries on growth and things haven't improved much
there since we are a very expensive place to come
and we are at the bottom of the world. The
heart of the matter, though, is we've lost a bit
of our mojo. Apart from cutting spending and focusing on
(17:18):
the basics, which are important, what is this country's big
plan to grow our economic future and fortunes? What industries
are we targeting. Until we can answer that big question,
we'll still look a little bit ugly to the rest
of the world.
Speaker 2 (17:36):
News and views you trust to start your day. It's
early edition with Ryan Bridge and Smith City, New Zealand's
furniture beds and a flying store News talks. That'd be.
Speaker 3 (17:54):
Good Morning New Zealand, twenty four away from six. Great
to have your company on this Thursday morning. Donald Trump
has just met with Joe Buying at the White House.
Says politics is a brutal sport, but quote, it's a
nice world today. They did that chat fireside. Republicans are
about to pick their new leader for the Senate. That's
happening in two hours. Mitch McCann is with US live
from New York. Inside the next fifteen also before six,
(18:16):
an economist on our tourism numbers and migration as well.
The government has just released yesterday a calculator, a gender
pay gap calculator. I mean, this is such a big
issue for me that I thought I would go and
use the calculator. So apparently the average pay gap is
eight point two percent, so women are an eight point
two percent less than men. You can go in and
you can put as if you're an employer, you put
(18:39):
how many workers you have male female? Workout your gap,
and then it tells you what to do about it.
So here here's the results that I pretended I had
three men and three women working for me. I pretended
the men. The average for men was sixty thousand a year.
The average for the women was fifty thousand. What did
that tell me? Whip? Do you do that? The end
(19:00):
to pay gap was sixteen point seven percent? Didn't say
whether you know one of those men was the CEO
or the manager, which might have completely skewed the result.
It just says, no, sixteen point seven percent is your
gender pay gap? There? It is. It also asked me
do you have any gender diverse people working for you?
And I said no, So it has given me a
(19:20):
gender diverse pay gap of one hundred percent. But there's
no gender diverse person. So the difference between what a
man earns and what a gender diverse person earns is
one hundred percent. Do we have to address that anyway?
Let's get to now the important part, which is what
does this mean? That it gives you a whole toolkit,
(19:42):
our whole explanation and a whole roadmap for what to
do next? What does this mean and what could you do?
It says here you may find that some employees still
get stuck, or that women are less likely to advance.
What do you do about that? Increase fairness and remuneration
reviews by reducing discretion. This could include introducing a step
(20:04):
based pay system with an automatic annual adjustment and delinking
performance from pay. So, in other words, ditch performance pay.
On what planet are we living? When a government tells
a business not to performance pay its staff. What if
you're shit at your job? I'm sorry, I don't care
(20:25):
if you're a man or a woman. What if you're
bad at your job? Oh well, she's got boobs. Tick
the box, give her the right, give her the raise.
I mean, I just don't understand this, But then maybe
I'm not meant to. It's twenty one away from six
shown to our reporters around the country. Black Ben's in
duned and Blake disbelief over a theft at a primary school.
(20:47):
What's this about?
Speaker 5 (20:48):
Yes?
Speaker 11 (20:49):
This is the broad Baying School, which has had a
number of expensive tool stolen, including a weed eater, leaf blower,
and lawn mower. They're used by the enviro school to
maintain its gardens, which students actively use as part of
the Garden to Table program. Otidra Peninsula Community Board Chair
Paul Pope says people go out of their way to
contribute to their schools, which is why thefts like these hurt.
(21:09):
Principal Rebecca Gilbertson says they'll be relying on locals to
bring tools from home for their working be next Sunday,
adding the community has responded with warmth and kindness. She's
thankful for the police help as they investigate.
Speaker 3 (21:22):
That's terrible house. So were that blake.
Speaker 11 (21:24):
We'll be a bit of a cloudy morning here with
rain and northeasterly is developing this afternoon.
Speaker 3 (21:28):
I have eighteen thank you claires and christ Church's clear
on a wildlife park, the chief executive resigning. What are
people saying about it?
Speaker 5 (21:35):
Yeah?
Speaker 12 (21:36):
While the organization investigating Irana Park has spoken about Elen
Anderson's resignation, she announced yesterday she's stepping away from the
zoo here in christ Church after twenty eight years in
the top job. Staff reports of animal deaths had prompted
four separate investigations earlier this year. Some of those do
remain ongoing now. Anderson's resignation announcement interestingly doesn't mention any
(21:58):
of the investigations, saying now is the time for her
to focus on health and some work life balance. The
Zoo and Aquarium Association Australasia is finalizing its independent report.
It says it will be provided to the park's board
in the coming weeks. It does say it regrets to
hear of Anderson's resignation, saying she has been a dedicated
(22:19):
leader and thanks her for her contributions and achievements.
Speaker 3 (22:22):
All right, how's your weather?
Speaker 12 (22:24):
A bit of rain about to start today clearing this
evening northeasterly is becoming fresh and eighteen degrees, Thank you Max.
Speaker 3 (22:30):
A caution for public servants wanting to join the he coy.
Speaker 13 (22:33):
Yeah, when that he coy, of whatever size it actually is,
does get to the capital marches on Parliament, it's of
course going to be incredibly disruptive.
Speaker 3 (22:40):
In Wellington.
Speaker 13 (22:41):
The Public Service Association, which publicly supports the protests, is
warning its members to hide who they work for, ie.
Don't wear lanyards, ID badges, anything like that. The PSA
is still encouraging people to take part, telling them they
absolutely can do if they want to in their own time,
even if their agency department requires them to be politically neutral.
(23:03):
The vast majority of public servants being told to work
from home if possible next Tuesday. A lot of the
major unions in fact backing the HECOID, which is not
surprising at the pub Post Primary Teachers Association, Early Childhood
Union and zed EI are in that camp. David Seymour
this week saying students would be disadvantaged by missing out
on valuable learning time should their parents bring them along
(23:25):
or if they skip school to go.
Speaker 3 (23:27):
So hang on. All all of the public services being
told to work from home that day if they can.
Speaker 13 (23:33):
Yeah, it happens when there's a major protest or demonstration
at Parliament. If you can work from home, do so well.
Speaker 3 (23:40):
If we could put up with our bridge being closed,
you guys can put up with it anyway. Next thing
you how's your with.
Speaker 13 (23:45):
Her rain getting stronger as the day goes on the
High twenty.
Speaker 3 (23:49):
Thank you very much. Neiva's and Norkland hay Nava.
Speaker 14 (23:51):
Good morning.
Speaker 3 (23:52):
So there's a few restrictions on the Franklin Road Christmas
lights this year.
Speaker 15 (23:55):
Yes, Now they're going to the becon this year, starting later,
turning off sooner and also with security. So what will
happen is that it's going to run from December to
seventh I think usually it's from the first to December
and residents are going to switch the lights off around
ten pm. Used to be eleven pm. Now, the coordinator says,
there was a lot of feedback. This is on unlicensed
(24:17):
street vendors, so I think in previous years and last
year they had people on licensed vendor selling balloons and
food and all sorts. So the residents in the area went, hey, hey,
we don't want that happening. So the Pondsibu Business Association
is going to provide them with security as well, because,
as we all know, up and down that street on
Franklin Road in the middle of the night and they
get all those drag races and people yet the you know, yeah,
(24:40):
the hooligans, that's what you call them, the rolygans.
Speaker 3 (24:43):
The riff raff come to Christmas. No, it's terrible, it's terrible.
They'll need and they always have a police presence there too,
don't they, which is a shame that they have to.
Speaker 15 (24:50):
I've got a couple of friends that live on that
street and they just roll their eyes at the time.
Speaker 3 (24:54):
Awful place to live, I think, So I hate that
a house.
Speaker 15 (24:58):
The weather showers us morning and those shows will become
more frequent. This evening Auckland's High.
Speaker 3 (25:03):
Twenty two brilliant. Thank you Neva. This funny text is
coming on Blake's story out of Dunedin, which was an
environmental school and they're upset because their weed eater has
been stolen. This textas says, wouldn't an environmental school use
sheep and goats instead of a weed eater? Good point?
Speaker 2 (25:19):
International correspondence with ends and eye insurance, peace of mind
for New Zealand business.
Speaker 3 (25:26):
It is fourteen minutes away from sex News Talk ZEBB.
So incoming president President elect Donald Trump has met with
Biden at the White House in the Oval Office fireside,
and boy Mitch mccanner is with us. That fire was
absolutely cranking. Yes, I know what is freezing over here. Ryan.
Speaker 16 (25:43):
It looked like a beautiful morning in the White House
for an awkward conversation. I think we've all had awkward
meetings in our life, but perhaps not as awkward as
we expected that one to be between Joe Biden and
Donald Trump, although it seems on the surface of it
they were families. Joe Biden said to Donald Trump, well,
mister President elect, former President Donald congratulations, and he said
(26:07):
welcome back to the White House, and Donald Trump responded,
politics is tough in many cases, not a very nice world.
But it is a nice world today and I appreciate
it very much. So a lot of smiles and a
lot of handshakes between Donald Trump and Joe Biden, perhaps
a little bit unexpected, Ryan, seeing it seems like they
despise each other usually.
Speaker 3 (26:27):
Yeah, it was a little weird, a little awkward, and
I did wonder whether they'd put this. I counted seven
logs on that fire, and I hate to keep going
on about it. Was that like a metaphor for democracy burning,
you know, it's possible.
Speaker 16 (26:39):
I didn't even know it was a real fire, but
it looked very nice.
Speaker 3 (26:41):
I'd rather be there this morning cranking. Let's talk about
aviation suspending flights they have out of the US to Haiti. Yeah,
that's right.
Speaker 16 (26:49):
America's aviation regulator, that is, the FAA, has suspended flights
to Haiti for thirty days now. That country has been
embroiled in chaos for some time now. It's estimated by
the Yuien that more than three thoy six hundred people
have been killed in eighty since January. Essentially, the problem
is it has been overrun by gangs at the moment,
(27:10):
but three American aircraft Jet Blue, Spirit and American Airlines
were all hit by bullets on Monday after flying to
the capitol Porto Prince, So the FAA has now said
for thirty days no American flights are going to go there.
Speaker 3 (27:23):
All right, Mitch, thank you very much for that much.
Mccnal live from New York. Just so that you know,
Jimmy Carter apparently grew up around wood burning systems throughout
his childhood, so when he got to the White House,
he installed six wooden stoves, wood stoves around the building,
So there you go. They're still in operation today. Apparently
twelve two six Brian Bridge and you're on News Talk.
(27:44):
Tourism numbers are out. It's not good news for the
sector as we head into summer. We're still only hitting
eighty seven percent of our pre COVID numbers. It's more
of a merit than an excellence on an NCAA exam,
you'd have to say. Migration is also declining as a
record number of kiwis leave most of them to Australia.
It's net positive for now, but reducing each month. So
(28:05):
could we be on the way to net zero migration
next year. And what does it mean? Mark Smiths, the
ASP senior economists, Mark, good morning, good morning, good to
hear from you. Should we be worried about this? It's
a pretty stubborn pre COVID number on migra on tourism.
Speaker 9 (28:23):
Yeah, that's right in sims of the shortfall. If you
put it that way, it threes. We're broad based by
different markets, particularly Europe about thirty percent below pre COVID levels,
China about forty five, and the rest of Asia about
thirty percent as well. So it is a reasonable broad
based reason for that. Now, looking at probably the reasons, One,
(28:47):
the global economy stare of recovering from COVID, so it
will take some time.
Speaker 7 (28:51):
Two.
Speaker 9 (28:51):
New Zealand's are pretty peripheral destination for tourism the best
of times, and we're very small, only about two point
two percent of global tourism. Probably the most important reason
I think is that cost remains stubbornly high for people
getting to New Zealand were long away. New Zealand's are
recently high cost destination and air fares were still very
(29:11):
high as well.
Speaker 3 (29:12):
So it's not us, it's them. Basically, they're in the
cost of living crisis too, and we're far away. It's
not that we've gotten ugly orly shiny during COVID.
Speaker 9 (29:22):
Well I'm not so sure about that, And I mean,
there are things you can do to make sure that
you're a lot more attractive destination. Arguably, we'll probably have
some work to do as well.
Speaker 3 (29:31):
Yeah, and when we are slapping on a tourist tax too,
which has yet to be felt. Let's talk about the
other elephant in the room, and that's migration. What happens
if we hit net zero next year? What does that
mean for us?
Speaker 9 (29:45):
Well, yeah, migration if you like is a viewer, I
suppose again of how attractive you are, we've gone from imparible,
we're sort of at the head that the dirty stakes
very attractive now to locking at potentially net outflows next year.
Now that's really reflection of where the New Zealand economy
is real to the rest of the world, and at
the moment we're weaker and those migration flows for falling. Now,
(30:07):
migration is the difference between two very big numbers, and
it's certain possible we could see the outflows for next
year as well.
Speaker 3 (30:15):
Next year and is that really bad? I mean, what
does it do to our GDP. Obviously it'd be good
for presumably for demand on resources like hospitals, et cetera.
But what does it do to our growth?
Speaker 9 (30:27):
Yeah, I mean that's a good point. A lot of
the things, a lot of the resource utilization will ease,
so things like congestion, hospitalization that that will be easier.
The other side of the corner that will be demanded,
and the economy will be a weaker. The housing market
for example, will be a weaker as well, less demand
thousand and potentially things like for the labor market. Migration
(30:48):
has been a huge factor enabled New Zealand to revise,
you know, enough staff for certain worlds that might also
be an issue.
Speaker 3 (30:56):
What's what's our projection for GDP for next year? In
the following.
Speaker 9 (31:02):
Essentially it's been flat, well has a year or two.
We might see a bit of a rebound sort of
in the second half of next year and that should
hopefully ten around migration flows. But again it's still quite
a long way ahead and they're still quit of them, certainly,
but hopefully we're past the store of trif of the
cycle and we should start to improve by the next year,
(31:25):
you hope.
Speaker 3 (31:25):
So Australia is looking at one point two percent for
twenty five and one point nine percent for twenty six,
so we're going to try and beat them. Some stats
up with Mark. Thank you very much, Mark Smith asb
senior economist. On those two new numbers, one tourism, the
other migration. It's eight to sex News Talks. He'd be.
Speaker 2 (31:42):
Ryan Bridge, new for twenty twenty four on the early
edition with Smith City, New Zealand's furniture beds and a
playing store news Talk.
Speaker 3 (31:51):
Hi'd be slicks away from sex news Talk, said, be.
The big story you'll be hearing about today out of
the US is the fact that Trump has returned to
the White House for a fireside chat with Joe and
boy was that fire cranking? Ryan, The fireplace looks so
hot in that photo. I've done a Google image search.
None have been cranked as hard as today's fire, despite
(32:11):
all of the meetings with world leaders that have been
held there. So conspiracy, Ryan, Why this is from Brian?
Why is Biden meeting with a Nazi? Good question? Mike's here,
Hey Mike, good morning. Did you see that fire? Yeah,
it's it's gas.
Speaker 14 (32:26):
You realize it's a gas fire.
Speaker 3 (32:28):
It's not. It's a well known gas fire and been
a well known gas fight.
Speaker 14 (32:33):
Well, because, of course, the first question you always ask
whenever they have those meetings in that room is you
know you have the fire going, what time of year
is it, how much heat has put out?
Speaker 2 (32:42):
You know?
Speaker 14 (32:42):
How do you offset it with.
Speaker 3 (32:43):
The air conditions?
Speaker 14 (32:43):
These are the questions you are very much So what
about how many people are in the room. You going
to realize a lot of very small room, A lot
of people in the room love journalists In terms of
is it really gas it's a gas fire? Well, of course,
it's a convincing gas fire. It's a very good gas fire.
And I'm into gas fires. Look at it, and so
the only gas fire I've ever experienced. There's a place
in New Zealand that I won't name, but it's a
(33:05):
very well known hotel that has a similar style of
gas fire.
Speaker 3 (33:08):
Because mostly it was crackling. Are you making this up?
I'm not making it up.
Speaker 14 (33:13):
It's a well known gas fire.
Speaker 3 (33:14):
How does a gas fire crackle? You simply turn it up.
Speaker 14 (33:17):
You simply turn it up.
Speaker 3 (33:18):
Sounds like a yarn. It's not a it's the real story.
Jimmy Carter lovedood and he had them installed in the right.
Speaker 14 (33:26):
Think about why it's a gas fire. You can't have
logs and things exploding out of the fireplace where world
leaders are in the room, setting the carpet on.
Speaker 3 (33:35):
Fire and the curtain. I think they've cranked it that hard.
I believe that's a symbolism. I think that to say, look,
democracy is burning Trumps back in the back.
Speaker 14 (33:42):
I think they want to melt his makeup. I think
there's something in that because I've never seen it that
high as well. It was major.
Speaker 3 (33:49):
But that's a cool fire.
Speaker 14 (33:51):
If you get a gas fire, because most gas fires.
Speaker 3 (33:53):
Here take that.
Speaker 14 (33:54):
You get a little tiny, pathetic flame and there's no heat.
Speaker 3 (33:56):
If you can pump that.
Speaker 14 (33:57):
Up, mind you think about that. They'd beyond pipes, not tanks,
because you'd be burning through a guests.
Speaker 3 (34:01):
Look, honestly, I didn't give it that much thought. That's
why I'm here. Mike is with you next with all
of the good information.
Speaker 2 (34:11):
For more from Early Edition with Ryan Bridge, listen live
to news Talks it'd be from five am weekdays, or
follow the podcast on iHeartRadio.
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