February 19, 2025 • 34 mins
On the Early Edition with Full Show Podcast for Thursday 20th of Feburary 2025, Finance Minister Nicola Willis reacts to the Reserve Bank cutting the OCR by 50 basis points.
Roadside dumping is an increasing problem along the Desert road detour Ruapehu District Councillor David Nottage tells Andrew Dickens, it's disgraceful.
Winston Peters delivered a speech calling to 'reset' our relationship with the Cook Islands, Newstalk ZB Political Editor Jason Walls shares his analysis.
US Correspondent gives the latest on Ukraine President Volodymyr Zelensky responding to President Trump’s suggestion that Ukraine started the war.
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 is the interviews and the inside Andrew Dickens
on early edition with one roof make your property search
simple used Talks, it'd be.
Speaker 2 (00:13):
Welcome morning to you and thank you for joining us.
My name is Andrew Dickins and coming up over the
next hour will keep you in touch with the cricket.
When some pieces calls for a reset on our relationship
with the Cook Islands, our political editor is just five
minutes away. Rubbish is being dumped on the Desert Road
detour and a rue pay who counselor is not happy.
Our interest rates yesterday cut much to the relief of everybody.
(00:34):
Will figure out what the Reserve Bank is hoping for
this year, and Finance Minister Nicola Willis joins us just
before six on the state of play. We'll have correspondence
from around New Zealand and around the world and news
as it breaks. Plus you can have your say by
giving me a text and the text number is ninety
two to ninety two, and there is a small charge
that applies. News Talks at Bion is now seven after five.
(00:58):
The agenda the twentieth of February and first of the
Ukraine War where pleasured into Zelenski says Donald Trump is
living in a disinformation space. He says it's created by Russia.
It comes after Donald Trump said he's disappointed with Zelensky's
complaints about being frozen out of the US talks with
Russia that have been happening in Saudi Arabia.
Speaker 3 (01:18):
I think I have the power to end this war,
and I think it's going very well. But today I heard, oh,
we weren't invaded. Well, you've been there for three years.
You should have ended it three years. You should have
never started it. You could have made a deal. I
could have made a deal for Ukraine that would have
given him almost all of the land everything, almost all
of the land, and no people would have been killed,
and no city would have been demolished, and not one
(01:40):
dome would have been knocked down.
Speaker 4 (01:42):
But what about the minerals?
Speaker 2 (01:43):
Donald Meanwhile, Donald Trump also suggested Zelensky's approval rating was
down at four percent.
Speaker 4 (01:50):
Now, Zelensky denies this.
Speaker 5 (01:52):
We have seen this disinformation. We understand that it comes
from Russia. We understand that, and we have evidence that
these numbers are being discussed between America and Russia. So, unfortunately,
President Trump, who we have great respect for as the
leader of the American people unfortunately lives in this disinformation space.
Speaker 2 (02:12):
Meanwhile, The Guardian has just reported that Donald Trump has
now called Zelenski a dictator who should move fast or
lose country. After the ukrain leader. Excuse me, after the
Ukraine leaders. Is the US prison is in a Russian
disinformation bubble. Right to the Middle East, we go in Harmasius.
It's ready to release in one go all the hostages
that were due to be released in Phase two of
(02:34):
the ceasefire agreement with Israel. The offer, involving more than
sixty people, will be dependent on the full withdrawal of
Israeli forces from Gaza and an agreement to a permanent
end to the war.
Speaker 6 (02:44):
The negotiations on Phase two, which were meant to begin
more than two weeks ago as part of Phase one
as part of this process, hadn't started. The is Ready
Foreign Minister Gideon T. Sar said just a day ago
that they would start this week, but he didn't give
a set date.
Speaker 2 (02:58):
And finally, to Los Angeles, we're the US rapper and
I don't know how to say this name. I think
it's asap rocky asap rocky, But the s is a
dollar stone anyway, acep Rocky is a rapper and he's
been found not guilty of firing a gun at a
former friend, and jury acquitted the musician on two fell
in the assault charges that carried up to twenty four
years in prison. As the first not guilty verdict was read,
(03:20):
the rapper dived over the court barrier to Hugger's family,
including his partner, the popstar Rihanna.
Speaker 1 (03:27):
Jeridy ondentitled find a defendent Rocky Mayers, I'm guilty.
Speaker 7 (03:37):
Nonetheless, I'm thankful and we're blessed to be here right
now to be a free man, talking guy.
Speaker 1 (03:42):
Thank you all.
Speaker 4 (03:43):
Praised doing God. Rihanna, you can do better.
Speaker 1 (03:47):
Get ahead of the headlines on early edition Andrew Dickens
and one Room, Make your property search simple news talk,
said Bee.
Speaker 2 (03:56):
Which Peters is making all the news right now. We'll
talk about his attu towards Cook Islands in just a
few moments time. But he also yesterday caught out Riccardo
men Ender's march for calling New Zealand alteroror in parliament
yesterday he said, why was a guy who arrived in
two thousand and six calling New Zealand another name when
the official name was New Zealand, and fair enough it is,
(04:17):
but you have to ask yourself why is New Zealand
New Zealand in the first place. We're named after some
Dutch regent and we claim a britt James Cook as
a guy who found us why New Zealand names? Names
are very arbitrary and often based on common usage, and
if you think about it, they just don't make sense.
Speaker 4 (04:33):
I mean, why am I Andrew? Ask your mother? I did?
Speaker 2 (04:36):
She said, I just like the shape of it. It's
defined me ever since. And that's the thing about names.
They position you so me. New Zealand is New Zealand
to me because I've grown up with it, not because
I'm a Dutch sympathizer. I find Altai Roya to be
an affectation. I also hate the way foreigners butcher it.
If we're going to change the name, it needs to
be a name that everyone can say. But to Ricardo
(05:00):
it's Terror or New Zealand, and that's his thing. It's
not official and currently it will never become official without
an uproar. His use positions him and we all know where,
so it's nothing to lose sleep about. I'm not like Winston.
I don't get conniptions about this sort of thing. Winston
is just describing the difference between him and the Greens,
and if you agree, vote for Winston. If you like
(05:21):
the Greens, vote for them. It's a free speaking country,
so it's all no biggie. But maybe in another generation
things might change. But will I be around to care.
I don't think so. So we waked up this morning
with one eye on the champion's trophy. We're playing Pakistan,
who we've beaten twice in the past week. We batted first,
we got three twenty for the last of just five,
and the big thing here was two centuries. Will Young
(05:42):
Open scored one hundred and seven and one hundred and
thirteen balls. Tom Latham later scored one hundred and eighteen
and one hundred and four balls, all this while some
of the stars failed. Williamson got one, Conway and Mitchell
both got ten. And what was said before the tournament
was that New Zealand's strength is that everyone can make
a contribution, and that is true to no. So the
win probability meter for US right now sits at ninety percent. Currently,
(06:04):
Pakistan needs one hundred and thirty three runs and sixty
five balls to win. I can't see that happening. That's
a run rate of twelve point three. And one last
little sports story from the Herald today. Chris Wood is
the most cost effective striker in the Premier League. For
what the cub paid for him, each Chris Wood goal
costs half a million each. Compare that to most seller
(06:26):
the Superstar he comes in at one point seven million
a goal, or Early Harling who comes in at two
point five million a pop. Chris Wood is standout value
in the Premier League. And the real trick is that
he does a game after game. And the real thing
is he is a New Zealander. He's our captain. He
didn't win a Halberg, but you know he deserves to.
Speaker 8 (06:46):
So.
Speaker 2 (06:47):
Winston causing all the ruckers yesterday and he caused some
ruckers about the cock Islands. Jason Walls was listening. Jason's
next It is thirteen after five.
Speaker 1 (06:55):
News and Views You trust has done Your day is
early edition with Andrew Dickens and one roof Make your
Property search simple if you talk Siddy.
Speaker 2 (07:06):
It's just gone five point fifteen and all as well
now last night and Wellington, Winston Peters delivered a speech
that showed he's not missing around with the Cook Islands.
He said, we need to reset the government to government relationship.
We need to formally restate responsibilities, obligations and the overall
parameters of the free association model. All this no small task,
so does it be political? Editor Jason Walls was listening
(07:28):
to the speech enjoins me, now, good morning to.
Speaker 4 (07:29):
You, Jason, Good morning.
Speaker 2 (07:32):
Does Winston want an apology for Mark Brown or does
he just want a conversation?
Speaker 9 (07:36):
Oh, listen, I think he probably wants a bit of both.
It's clear that Winston is well passed fed up at
this stage. I mean the fact that Mark Brown went
to China, he signed this agreement with that practically no
oversight from New Zealand, no consultation or anything of the
sort has obviously, so I think of grave concern in
Winston has been quite upset about this for our number
(08:00):
of weeks now, and I can underste I can understand
why it's no small feat to completely snub New Zealand
in a sense and sign such a major agreement with
China without giving New Zealand much of a heads up.
And the government is still in the dark about the
details of this agreement. I mean they've released essentially what
(08:20):
can be described as the executive summary to New Zealand,
but Winston Peters his officials in the Prime Minister for
that matter, are still waiting for some more information on
this one. So quite worrying times between the relationship between
the two countries and why the reset is occurring.
Speaker 2 (08:36):
So yeah, it's a real telling off, but it's some
diplomatic language.
Speaker 4 (08:39):
But that's the way you do it.
Speaker 2 (08:40):
So that's the big thing, the restating the parameters of
our free association model.
Speaker 4 (08:45):
What could that look like?
Speaker 9 (08:47):
Well, that's the thing. We need to wait and see
what that is. We've had about sixty years of this
model and it's quite fitting that the that the Winston
is looking to reset it now in terms of what
it looks I mean, that's exactly the question that we're
asking at this stage. And with New Zealand and the
Cooks are extremely close. We've got same passports, same currency,
(09:10):
various different things like that. So what it actually looks
like we'll be asking win Pete is that very question today?
I mean, I'm quite interested to see is are we
actually at this situation? Is this is sort of almost
a block that he could make to say, if they
actually give us the details of what they signed with China,
can he go back on this? And is using this
as just a bit of a trump card to say,
(09:32):
if you don't play by our rules, where we're going
to drop you.
Speaker 2 (09:37):
Yes, if New Zealand's two hash, there is a real
risk that the Cook Islands will go okay, Well, China's that.
Speaker 9 (09:42):
Mate, Well, there is that risk, and there is the
sort of the trade off here because China have been
sort of muscling their way into the Pacific with their
seemingly limitless amounts of money. New Zealand, what we do
have with the Cook Islands is a long history of
cultural connection with the country. I mean there are one
(10:04):
hundred thousand Cook Islanders in New Zealand for example. So
that is our real trump card in this situation. But
you know, is it enough when China come calling with
just bottomless pockets?
Speaker 2 (10:15):
Jason Walls, thank you so much for getting up early
for us. That is Jason Wall's, our political editor at
the time, is now minutes after five. The Desert Road detour,
of course, people are then going along what they call
the Adventure Holiday Highway, which goes past the mountains, past
the chateaueareto through what was formerly called National Park, through
or Hakunian. Apparently everyone's chucking their rubbish out the window.
(10:37):
So there's a counsel who's got a big beef about this.
We'll talk to him shortly. And I got a text
yesterday from a woman called Kristin who was listening to
Sharon Zolner the Economists, and she went, I get fit
up with all the gobbledygook from economists economists, and so
I'll try and talk about the Reserve Bank in a
moment like a real person.
Speaker 4 (10:53):
It's five nineteen.
Speaker 1 (10:56):
Andrew Dickens on a early edition with one roof to
make your proper search simple, youth talk zibby.
Speaker 4 (11:02):
It is five twenty two.
Speaker 2 (11:04):
More wickets have fallen Pakistan now two hundred and one
for seven. They need one hundred and twenty runs and
fifty two balls, and the run rates creepy up towards fourteen.
It's all looking good, but it's not looking good and
pay who. Roadside dumping is an increasing problem along the
desert Road. Deep tour in Zta have received backlash for
the handling of the rubbish and it's clean up. So
(11:24):
the real pay who di just a council that David
Notage has now taken to collecting the rubbish in his
personal truck and David joins you now, Hello, David, good
on you man.
Speaker 10 (11:32):
Good morning, good morning. Yeah, it's bit of a I
don't know if it's just bad timing for when I
go driving out on the State hallway, ball both. It
just seems that every time I'm out there and well
I've got trucks in and my youth, there's always seems
to be a lot of rubbish out there.
Speaker 2 (11:48):
Well, good on you on your dedication to public service, mate.
So here's the thing. Is this rubbish directly correlating to
the detour being in place? Or have the people of
Rupey who just suddenly got messy?
Speaker 10 (11:58):
Well it's hard to well, the last rest here I
cleaned up. It's hard to believe that travelers would carry
that much rubbish with them. And yes, people might be
taking advantage of the you know, the detour, but yeah,
the last one nearly has lots of lots of recyclable
(12:21):
stuff on their cans, bottles, plastic bottles, and I just
just general household rubbishpin dumpy as well. It's all on
black bags, so I tried to see if you actually
you know, being black bags as well.
Speaker 4 (12:38):
So it's tourists not truckings.
Speaker 10 (12:41):
Uh well no, we don't know, you know, unless we
you know, you know, I don't see anyone doing it,
but it just seems to appear.
Speaker 4 (12:49):
Should should it ends it? Here's the thing?
Speaker 2 (12:51):
Should ends it ta be stepping up his rubbis rubbish
collection frequency so you can step down.
Speaker 10 (12:57):
I yeah, it would be nice, but but also it'd
be nice if tivys didn't throw their rubbish out. You know,
they pack it in. They should pack it out, you know,
take it home and you know, dispose of it how
they should dispose of it. But yeah, it has been disappointing.
That may be a contingency for the amount of rubbish
that could appear on our road. You know, it could
(13:21):
have been mitigated, I think.
Speaker 2 (13:23):
Yeah, And how is this detour affecting the local economy?
I know that Johnny Nation's bakery and Akuny's doing roaring business?
Speaker 4 (13:31):
Is it? Are there wins and losses? Yeah?
Speaker 10 (13:35):
Yeah, definitely. I think from what we've been told that
you know, it's not just Oakuni that's having a bit
of a windfall National Park rather he Wanganui. Yeah, I
know it's tay happy and bulls maybe in Wau might
be striking a little bit. But you know, once a
detour comes off, I'm pretty sure that you know, their
economy will will go back to how it normally is.
(13:58):
But we're hoping that more people use State Hallway four
once the desert road and you know see that it's
just as pretty as the desert road.
Speaker 4 (14:08):
It's not pretty absolutely as.
Speaker 10 (14:09):
Long as they keep you aber from your car.
Speaker 2 (14:11):
Yeah, good, good call David, and thank you so much
for what you've been doing. David Notedge's the councilor at
the rual Pe Hood District Council that I do. Now
a lot of people are going around that other side
when they go in south and then they go, look
there's a pair of pair of highways going down to
wang and aw oh look the Sergeant gallery is just
open this go and have a trip. I've got friends
who have done that and the only reason they did
that was because of the detour. So it's changing things.
(14:31):
It's five twenty five. It's News Talks AB the early.
Speaker 1 (14:35):
Edition Full the Show podcast on iHeartRadio powered by News
talks it B.
Speaker 2 (14:41):
It's News talks it B. It's five twenty seven. I'm
Andrew Dickens. Thank you for your company today. So yesterday
on the show, I outlined the reasons why the Reserve
Bank might not cut interest rates or lower them by
zero point two five percent, and I got that wrong
because they chopped the rate by the expected half a
percent with immediate relief for mortgage holders. While we try
to to do with the Reserve Bank is now read
behind the lines and figure out what they really mean
(15:03):
for us in our day to day life. And we'd
like to hear that in real language. So this is
what I think they're saying. They're saying, times have been tough,
but you've been sitting on that couch for fifteen years.
You wanted to replace that couch five years ago, but
everything went so crazy that you called ty hoe until
times were better. The Reserve Bank then says, well, times
are better. Well, times actually are as good as you're
(15:24):
going to get anytime soon, So buy that couch and
please buy a New Zealand one. In this statement, they
admit there are future risks, but they promise to keep
a close iron it. But we can't just sit in
our hands. So we've got a bit of a furlough,
so let's get cracking. We can wait for us someone
to tell us what to do, like a government, but
that's not the New Zealand way. We just need to
get out there and do it. We need to work
(15:44):
for every dollar we can find. We also need to
realize that the dollars we've got need to be in
the washing machine that is our monetary system. It helps
no one if you sit there cautiously, and I think
that's what the Reserve Bank is hoping for. That we
will loosen the strings around our purse book and spending
will increase as the year goes on, but not by
too much. Don't go crazy, just keep it all balanced. Meanwhile,
(16:07):
everyone's going to hope and pray that global conditions treat
us kindly. And we're going to talk about this with
Nikola Willis and she's joining us just before six this morning.
Speaker 4 (16:14):
It's five twenty nine, Andrew Dickens, So what's still to come? Well,
still to come? We're off to America.
Speaker 2 (16:21):
Mintb can very bad whether in New York he is
absolutely freezing. We'll talk to him about the big storms
that are hitting. We're going to talk about christ Church
water and more options on the table, and as I
mentioned before, we are going to be talking to Nicola
Willis about the interest rate rises. Is this because of
her policies or was this going to happen because the
Reserve Bank wanted it to happen anyway? And what does
(16:44):
she think we need to do going forward? We know
already that she's got the banks on warning saying, you
know there's an interest rate cut with a reserve bank,
you should be doing it too. They source their money
from different places. Can they do it, should they do it?
Will they do it? These are all questions that will
ask Nickol the Worse in about.
Speaker 4 (17:02):
Twenty minutes time.
Speaker 2 (17:04):
Here on News Talks at b I'm Adrew Dickens, gone
again for Ryan Bridge. Back after News and Sport.
Speaker 1 (17:33):
The news you Need this morning and the in depth
analysis Early edition with Andrew Dickens and one Ruth Make
your Property Search Simple, News Talks It.
Speaker 4 (17:43):
Be Welcome morning, back to your Thursday. I'm Edrew Diggins.
Speaker 2 (18:03):
After my comments about the word I'll tell at the
beginning of the show, I'm starting to get a few
texts coming in saying, well, really, if we go back
to eighteen forty and you look at the Treaty of
White Taking, we should be really called New Tehranni, and
they go, come off it. We've had one hundred and
eighty five years a branding of New Zealand. It sticks,
It's known around the world. It's easy to say, you know,
go to New Tehranni. Everyone be going, what the hell
(18:25):
is happening down in New Zealand. Hey, here's a weird
news story I heard yesterday. It's the placement of the
mosque massacred date in a video game. And this video
game is a shoot him up and someone put it
in there, and you can, in fact, just imagine some
sweaty little coda placing the date and snickering away all
the mischiefy thinks he's causing when that hidden depth charge
(18:48):
went off, Well it went off yesterday. Some have argued, oh,
it's just a coincidence, it's just charged.
Speaker 4 (18:53):
That's by the bye.
Speaker 2 (18:54):
The date and the context of the game makes me
believe that it was a deliberate sight.
Speaker 4 (19:00):
Coders, well, you know coders.
Speaker 2 (19:02):
You know coders, codas are coders, So should they change
the day. Of course, it's causing a pretty big offense.
I think the real problem is that so many will
actually be laughing along with the cheap shop while they
sit behind their terminals and they do their shoot them
up going. It's not funny, it's not clever, it's mean,
it's heartless. And the guy who put it in the game,
(19:23):
he's a dick.
Speaker 4 (19:27):
And I'm Dickens.
Speaker 2 (19:28):
Callum prock To joins every film to need and hello, Callum.
Speaker 4 (19:34):
Hello, Callum.
Speaker 11 (19:35):
Hello, good morning, Andrew.
Speaker 4 (19:37):
We are we found her. Doc wants a beach vehicle ban.
Speaker 7 (19:41):
Here they do.
Speaker 11 (19:42):
This is after more poor behavior around wildlife here in
the South. There's been numerous animal attacks on beaches around
the South people on vehicles. Cases include the discovery of
a dead sea lion on Totuku Beach after cars were
spotted there aggressively driving towards it and around it. So
the the district council wants to do something about it.
(20:02):
They'll decide today whether to go ahead with a by
law review which will ban vehicles. The mayor, Brian Kadogan's
told us that currently a council stretch to capacity. He
says it will be a balancing act in deciding whether
the spile or needs a review and if they have
the capacity and in fact financial ability to do so.
Speaker 4 (20:20):
How's your weather? Rain clears this morning and.
Speaker 11 (20:23):
Then fine, but then showers return this afternoon on a
high of twenty two.
Speaker 2 (20:26):
Go for a walk on Tomahawk, but keep away from
the animals. Claire Surewood joins me right now from Crosser
Telly Claire. Hello, good morning, and there you're talking about
the management of water.
Speaker 12 (20:36):
Yes, well, there are three options here for the management
of water in the future. Class Church City Councils agreed
to seek some feedback. The options include whether two maintain
this status quo with an in house delivery model or
potentially create an independent council owned entity. There's also a
hybrid approach, which is another option that's about balancing independent
(20:56):
management of water supply and waste water with council having
over site of our storm water. It's also formed what
they're describing as a collaboration with Duneden City Council. Now
Chief Executive Mary Richardson says she's very clear that neither
are considering considering a joint water entity, but rather to
sheer expertise. She says both christ Church and Duneden have
(21:17):
been clear that'd extend the collaboration with other councils when
in a position to do so.
Speaker 4 (21:22):
And how's your weather today?
Speaker 12 (21:23):
A bit of morning cloud clearing to fine northeasterlies a
bit later. We're on the way to twenty six.
Speaker 2 (21:29):
Max told joins us from Wellington Hallimax. Good morning rates
blunder in Palmestan North.
Speaker 13 (21:34):
Yeah, we've had people calling us at zby from across
mano or two this week, texting into the programs pointing
out that they has somehow been charged their rates bill
twice or double. Some that they'd been charged their rates
bill fire earlier than they should have been. We got
in touch with the Palmerston North City Council to ask
what was going on. They are now apologizing for what
(21:55):
they call technical issues and they're assuring us and everyone
affected that they have now been re funded. The council's
chief financial officer apologizing again to us and rate payers
for any concern or worry caused, and they are reviewing
their processes to make sure this does not happen again.
Speaker 4 (22:10):
How's Wellington's weather today?
Speaker 13 (22:13):
Party cloudy, the odd shower early and then clearing to
find twenty two the high central.
Speaker 4 (22:18):
And never read a man who joins us from walking
to the temperature.
Speaker 8 (22:20):
Okay, greetings, Yes, it's lovely good corners on, thank you, Andrew.
Speaker 4 (22:25):
Wayne Brown is back for a second crack.
Speaker 8 (22:27):
He is back for a second crack, quite right. He's
announced he's running for a second term this October. So
the early sign showed that his campaign's going to be
similar to the last one, focused on cutting spending, getting
projects done, returning CCO decisions back to the Auckland Council.
Brown says he's also going to get Central government to
allow this midnight visitor levy to pay for the large
events coming to the city as well.
Speaker 4 (22:48):
Okay, and Orkand's weather today a bit.
Speaker 14 (22:51):
Of a mixed bag.
Speaker 8 (22:52):
Cloudy conditions, a few shouts from the afternoon, some possibly
heavy auto walk worth still warm though twenty six is
the high here in Auckland.
Speaker 2 (22:58):
And I thank you and I'm my comments about the
game ant has come back at me on the text
ninety two to ninety two small charts does apply. Guess
what if the media hadn't reported the gamer's date, nobody
apart from a few gamers would have known. Now the
guys favours have as and laughing so who's the dick then,
mister media, Well yes, but at the same time, this
is a warning to anybody who thinking about it in
the future, and we need an opprobrium to pour down
(23:21):
on the gamer's head, so no one thinks it's a
good idea next time. Anyway, it's now eighteen minutes to six.
We're off to New York where the weather is atrocious,
with Mitch McCann in a few minutes time. In before six,
Nicola Willis is here to talk about our economy after
the good news yesterday that interest rates have fallen. It
is now seventeen to.
Speaker 1 (23:39):
Six International correspondence with ends and eye insurance. Peace of
mind for New Zealand business.
Speaker 2 (23:47):
It's accorded to six overseas Pakistan now two fifty four
for eight. They need sixty seven runs and twenty balls
to win. Run rates now over twenty. Will O Rourke
three wickets for forty seven. It's all looking good for
a New Zealand victory. Meanwhile, it's off to the United
States we go, and it's good morning to Mitch McCann.
Speaker 4 (24:05):
How I much, Good morning, Andrew, how are you very well?
Speaker 2 (24:09):
President Zelenski calls out President Trump on truth and disinformation.
Speaker 7 (24:14):
Yeah, that's right. Zelensky has been walking this awkward tightrope,
I think in recent weeks, wanting to defend Ukraine's sovereignty
head of these negotiations that might happen, but not wanting
to criticize Donald Trump openly for some of the comments
he's made that seem rather favorable to Russia. But it
seems his patience may have run out. Now here's the context.
(24:34):
Last night, at a press conference, Donald Trump appeared to
be almost blaming Ukraine for the war. He told reporters,
referring to Ukrainian leaders, you should have never started it.
You could have made a deal. At the same time,
he was not at all critical of Russia, the country
nearly the entire international community agrees did actually start it.
Now in the last few hours, Zelensky has shot back
(24:56):
reasonably defiant. He said, unfortunately he's living in in this
disinformation space speaking about Donald Trump, and he added, I
want there to be some well, I want there to
be more truths in Trump's team. He also said the
White House suggested that he signed this agreement to give
America half of its rich mineral resources in exchange for defense,
which he refused. So this is coming out a delicate
(25:18):
time where the US is looking to negotiate with Russia
without Ukraine at the table, and you can see now
Ukraine's getting a little bit impatient with what's going on here.
Speaker 4 (25:28):
Meanwhile, you're in New York and you're freezing.
Speaker 7 (25:31):
Yeah, I am, I'm sick of complaining about the weather,
but this is really so cold. It's about minus five
degrees celsius at lunchtime as I speak to you. But
it's far from over, and there's a series of winter
storms about to hit the US. Virginia, North Carolina, and
Delaware are set to receive between fifteen to thirty centimeters
of snow in the coming days. North Carolina and Arkansas
(25:52):
have already declared states of emergency. And just finally, Andrew,
I'll leave you with this. The National Weather Service has
seen temperatures in the set. The O Bismarck, North Dakota,
reached negative thirty seven degrees celsius this week, breaking a
one hundred and fifty year record.
Speaker 4 (26:08):
It's cold.
Speaker 2 (26:08):
Are you a fahrenheit boy yet or are you still
keeping with the celsius?
Speaker 7 (26:12):
No?
Speaker 2 (26:12):
I'm on Google every five minutes trying to work it out.
Stay warm and I thank you for your time today.
Speaker 7 (26:18):
Thanks Andrew all the best.
Speaker 4 (26:20):
Mitch McCann for the United States of America at the
time is now twelve to six Coundrew Dickens.
Speaker 2 (26:25):
So good news for mortgage holders. The official cash rate
yesterday dropped by fifty basis points. It's down to three
point seventy five percent. The question is will the banks
pass it on? Well, banks have already started doing that.
And for NaN's Minister Nichola Willis joins me. Now, Hello, Nicola, Hi,
how are you. I'm good good news for us, good
news with mortgage holders. What does it say about our economy?
Speaker 14 (26:46):
Well, it says that things are going to get better
for New Zealanders who are worried about the cost of
learning because their mortgages are going to get cheaper. And
the Reserve Bank is confirming the view that the economy
is going to grow this year, which means more people
on jobs, more businesses doing well, and more wealth in
our economy.
Speaker 4 (27:06):
This is true.
Speaker 2 (27:07):
The Reserve Bank has made it clear that there will
be more cuts. Do you believe that because there is
an argument that we shouldn't be going to heart right now,
considering the global situation considering the baked in non tradable
inflation that we've got. You know, we see rate rises
the whole time, we see water rises the whole time.
Do you believe that there will be more cuts?
Speaker 14 (27:27):
Well, the Reserve Bank is forecasting more cuts, that's very clear.
They see that interrast rate reductions will continue for the
year ahead, and that's based on their view that New
Zealand has inflation under control, which is very good news
for all New Zealanders. It means less price rises and
it also means that interst rates can keep coming down.
So if you've got a mortgage or your a small business,
(27:50):
interest rates are going to keep dropping.
Speaker 2 (27:52):
So is the fact that inflation is now under control.
Who should get the credit? Is it because of your
policies and your fiscal manner or is it just the
consequence of the Reserve bank squeeze of money supply over
the past two years.
Speaker 14 (28:06):
Well, the Reserve Bank has the decision making power when
it comes to reducing interest rates. All we can do
is the government is make it easier for them, and
we have since coming to government, we have been disciplined
about government spending. We went through a period as a
country where the government was spending more than it ever had,
even while inflation was driving to generational high as it
(28:29):
was up at more than seven percent, and the government
kept on spending and that makes it hard for the
Reserve Bank reduced infrastrates. So now it's in a different
point of the cycle where it can look at a
government that's saying, well, be restrained, please just drop interest rates, and.
Speaker 2 (28:44):
They are yes, Well, there's good spending and there's bad spending.
Speaker 14 (28:47):
And I know.
Speaker 2 (28:48):
Over the weekend, Engineering New Zealand and Philip Templar wrote
a piece complaining about the lack of spending on any
infrastructure and the fact that because there is no investment
from the government in our infrastructure, we are losing our
best and brightest a engineers to Australia and the rebuild
in America. So the question is when will you start
spending Well, one of.
Speaker 14 (29:07):
The things that drives me in politics is wanting new,
skilled New Zealanders to stay here in this great country.
The fact is that we are spending more on infrastructure
than the previous government was forecasting to do. We are
continuing to invest in building hospitals and building skills and
building roads and we will keep doing so, we need
(29:29):
to also paint a better future for New Zealanders, and
that is why we are so focused on growing the
economy so that we can create better opportunities in the
years ahead.
Speaker 4 (29:40):
Are we building roads, Yes, we are.
Speaker 14 (29:43):
I mean we just last week opened the new road
in the Hawk's Bay. We've got new roads happening in
christ Church. We've got new roads of national significance happening
across the country. We've got a record investment in the
National Land Transport Fund so that we can build roads
that will make a difference to New Zealander who can
(30:04):
meet from one region to another.
Speaker 2 (30:06):
Those roads were ordered by another regime. What I'm asking is,
what are you going to do.
Speaker 14 (30:10):
Now we have announced new projects? Andrew, Yes, yeah, but.
Speaker 2 (30:14):
I'm I'm just doing the light rail thing with you,
if you know what I mean. You know, we have
announcements of projects, but it's not a project until a
side has turned.
Speaker 14 (30:22):
Well, you are making a very good point, which is
we did cancel fantasy projects. I don't think anyone in
Auckland thought light rail was actually going to happen. Yes,
there are a lot of people involved in designing it,
but it wasn't ever going to happen, and similarly with
the Lake Onslow hydro project that was never going to
happen either. We're focusing our resources on projects we will
actually open, and that's roads of national significance, that's big hospitals,
(30:47):
that schools. We're doing things where we invest the resources
and projects we will fund and we will dolether.
Speaker 2 (30:53):
Okay, yes, you're cutting the spending, but you're still having
to continue the borrowing because we have so we have
huge payments. Our dollar has had a year long slide
downward and I want to know what's that doing to
our debt at its repayment and our economy.
Speaker 14 (31:08):
Well, we have a flexible exchange rate, and the plus
side of that is it means that when our dollar
is coming down, our exporters get more for they're exporting.
And so if you're a dairy farmer or you're a
sheep farmer right now, there is a plus side to that. Overall,
it means that our exchange rate is adjusting to the
(31:29):
circumstances that are happening around the world. New Zealand just
needs to keep doing what it's always done well, which
is selling our beautiful, amazing products around the world. For
good prices and we will keep doing that.
Speaker 2 (31:43):
Nikola Willis Finance Minister. I think you for your time today.
It is now seven minutes to six.
Speaker 1 (31:47):
It's Talks the first word on the News of the
Day earlier edition with Andrew Dickens and One Room to
Make Your Property Surgeon Simple Youth.
Speaker 2 (31:57):
Talksv Yes, it's now five to say so Andrew Dickins
saying good news.
Speaker 4 (32:01):
We won.
Speaker 2 (32:02):
We beat Pakistan. We won by sixty runs. They were
all out for two sixty. We got three twenty for five.
We've got a couple of centuries and there well. O
Rourke had a good crack. This was the first game
of fifteen. This was the host nation getting trolet by us.
We've now beat in them three times in a row
in a week. Things are looking good. The thing about
the New Zealand cricket side is that either awesome or awful,
and I can never get used to which one is which.
(32:24):
Mike cost can good morning to you.
Speaker 15 (32:25):
A psychology of the game as what it boils down
to absolute it's all in the head.
Speaker 2 (32:29):
Yeah, Well, Pakistan's head's gone, Our head's back. Maybe it's
because they finally put satin there as the captain, and
he seems to be a drenk ride down the night.
Your you, cricket trajects are all the same. You look,
you look for things that aren't there. Some days a
good days, some days aren't good days.
Speaker 4 (32:43):
You're the abstract man. Say it's all on the head.
It's all in the bat.
Speaker 15 (32:46):
It's all in the bat. But it's only in the
bat and the ball. If it's in your head, it
all starts. It all starts in the head. Hadrian all
this morning, I'll tell you what was interesting yesterday about
watching his press conference, and you should always watch that
because what you get by way of headlines tells the
full story. So he, broadly speaking, is very bullish about
where we are at the moment. All things being considered,
by the end of the year will get a little
(33:07):
bit of growth. But we're at what he calls neutral,
where we're back to where we should be. And the
worrying thing about that, and Nicholas should be worried about it,
is that that is his fair value is what he
called it. So the currency is fair value, the interest
rates a fair value, everything's fair value. So the currency
is at forty five p and about mid fifties US,
and that tells you how shockingly poor that we are
(33:30):
as a country.
Speaker 2 (33:31):
I looked at the dollar side over this year. It's
a line like that all the way down. And every
time the dollar goes down, that means our repayments of
our debt.
Speaker 15 (33:38):
Goes up, and so he calls that fee.
Speaker 4 (33:40):
I asked Nicola about that, and you know it's no problem.
Speaker 15 (33:42):
Well, it sys a problem because we pay ten billion
dollars a year on interest on our debt.
Speaker 4 (33:48):
So it might not be spending on public servance, but
we are spending on debt.
Speaker 15 (33:51):
We are certainly spending on deb where it's two times
the police budget on the interest on debt each and
every year. Anyway, Adrian Or will explain more after seven
thirty when he's with us.
Speaker 2 (34:00):
Great the Mike hosting Breakfast is here. I'm Andrew Dickins.
Speaker 4 (34:03):
I'm gone.
Speaker 2 (34:03):
My thanks to producer Kenzie and Libby for doing the setup,
and I'll see you tomorrow.
Speaker 1 (34:12):
For more from Early Edition with Ryan Bridge, listen live
to News Talk Set B from five am weekdays, or
follow the podcast on iHeartRadio
The issues is the interviews and the inside Andrew Dickens
on early edition with one roof make your property search
simple used Talks, it'd be.
Speaker 2 (00:13):
Welcome morning to you and thank you for joining us.
My name is Andrew Dickins and coming up over the
next hour will keep you in touch with the cricket.
When some pieces calls for a reset on our relationship
with the Cook Islands, our political editor is just five
minutes away. Rubbish is being dumped on the Desert Road
detour and a rue pay who counselor is not happy.
Our interest rates yesterday cut much to the relief of everybody.
(00:34):
Will figure out what the Reserve Bank is hoping for
this year, and Finance Minister Nicola Willis joins us just
before six on the state of play. We'll have correspondence
from around New Zealand and around the world and news
as it breaks. Plus you can have your say by
giving me a text and the text number is ninety
two to ninety two, and there is a small charge
that applies. News Talks at Bion is now seven after five.
(00:58):
The agenda the twentieth of February and first of the
Ukraine War where pleasured into Zelenski says Donald Trump is
living in a disinformation space. He says it's created by Russia.
It comes after Donald Trump said he's disappointed with Zelensky's
complaints about being frozen out of the US talks with
Russia that have been happening in Saudi Arabia.
Speaker 3 (01:18):
I think I have the power to end this war,
and I think it's going very well. But today I heard, oh,
we weren't invaded. Well, you've been there for three years.
You should have ended it three years. You should have
never started it. You could have made a deal. I
could have made a deal for Ukraine that would have
given him almost all of the land everything, almost all
of the land, and no people would have been killed,
and no city would have been demolished, and not one
(01:40):
dome would have been knocked down.
Speaker 4 (01:42):
But what about the minerals?
Speaker 2 (01:43):
Donald Meanwhile, Donald Trump also suggested Zelensky's approval rating was
down at four percent.
Speaker 4 (01:50):
Now, Zelensky denies this.
Speaker 5 (01:52):
We have seen this disinformation. We understand that it comes
from Russia. We understand that, and we have evidence that
these numbers are being discussed between America and Russia. So, unfortunately,
President Trump, who we have great respect for as the
leader of the American people unfortunately lives in this disinformation space.
Speaker 2 (02:12):
Meanwhile, The Guardian has just reported that Donald Trump has
now called Zelenski a dictator who should move fast or
lose country. After the ukrain leader. Excuse me, after the
Ukraine leaders. Is the US prison is in a Russian
disinformation bubble. Right to the Middle East, we go in Harmasius.
It's ready to release in one go all the hostages
that were due to be released in Phase two of
(02:34):
the ceasefire agreement with Israel. The offer, involving more than
sixty people, will be dependent on the full withdrawal of
Israeli forces from Gaza and an agreement to a permanent
end to the war.
Speaker 6 (02:44):
The negotiations on Phase two, which were meant to begin
more than two weeks ago as part of Phase one
as part of this process, hadn't started. The is Ready
Foreign Minister Gideon T. Sar said just a day ago
that they would start this week, but he didn't give
a set date.
Speaker 2 (02:58):
And finally, to Los Angeles, we're the US rapper and
I don't know how to say this name. I think
it's asap rocky asap rocky, But the s is a
dollar stone anyway, acep Rocky is a rapper and he's
been found not guilty of firing a gun at a
former friend, and jury acquitted the musician on two fell
in the assault charges that carried up to twenty four
years in prison. As the first not guilty verdict was read,
(03:20):
the rapper dived over the court barrier to Hugger's family,
including his partner, the popstar Rihanna.
Speaker 1 (03:27):
Jeridy ondentitled find a defendent Rocky Mayers, I'm guilty.
Speaker 7 (03:37):
Nonetheless, I'm thankful and we're blessed to be here right
now to be a free man, talking guy.
Speaker 1 (03:42):
Thank you all.
Speaker 4 (03:43):
Praised doing God. Rihanna, you can do better.
Speaker 1 (03:47):
Get ahead of the headlines on early edition Andrew Dickens
and one Room, Make your property search simple news talk,
said Bee.
Speaker 2 (03:56):
Which Peters is making all the news right now. We'll
talk about his attu towards Cook Islands in just a
few moments time. But he also yesterday caught out Riccardo
men Ender's march for calling New Zealand alteroror in parliament
yesterday he said, why was a guy who arrived in
two thousand and six calling New Zealand another name when
the official name was New Zealand, and fair enough it is,
(04:17):
but you have to ask yourself why is New Zealand
New Zealand in the first place. We're named after some
Dutch regent and we claim a britt James Cook as
a guy who found us why New Zealand names? Names
are very arbitrary and often based on common usage, and
if you think about it, they just don't make sense.
Speaker 4 (04:33):
I mean, why am I Andrew? Ask your mother? I did?
Speaker 2 (04:36):
She said, I just like the shape of it. It's
defined me ever since. And that's the thing about names.
They position you so me. New Zealand is New Zealand
to me because I've grown up with it, not because
I'm a Dutch sympathizer. I find Altai Roya to be
an affectation. I also hate the way foreigners butcher it.
If we're going to change the name, it needs to
be a name that everyone can say. But to Ricardo
(05:00):
it's Terror or New Zealand, and that's his thing. It's
not official and currently it will never become official without
an uproar. His use positions him and we all know where,
so it's nothing to lose sleep about. I'm not like Winston.
I don't get conniptions about this sort of thing. Winston
is just describing the difference between him and the Greens,
and if you agree, vote for Winston. If you like
(05:21):
the Greens, vote for them. It's a free speaking country,
so it's all no biggie. But maybe in another generation
things might change. But will I be around to care.
I don't think so. So we waked up this morning
with one eye on the champion's trophy. We're playing Pakistan,
who we've beaten twice in the past week. We batted first,
we got three twenty for the last of just five,
and the big thing here was two centuries. Will Young
(05:42):
Open scored one hundred and seven and one hundred and
thirteen balls. Tom Latham later scored one hundred and eighteen
and one hundred and four balls, all this while some
of the stars failed. Williamson got one, Conway and Mitchell
both got ten. And what was said before the tournament
was that New Zealand's strength is that everyone can make
a contribution, and that is true to no. So the
win probability meter for US right now sits at ninety percent. Currently,
(06:04):
Pakistan needs one hundred and thirty three runs and sixty
five balls to win. I can't see that happening. That's
a run rate of twelve point three. And one last
little sports story from the Herald today. Chris Wood is
the most cost effective striker in the Premier League. For
what the cub paid for him, each Chris Wood goal
costs half a million each. Compare that to most seller
(06:26):
the Superstar he comes in at one point seven million
a goal, or Early Harling who comes in at two
point five million a pop. Chris Wood is standout value
in the Premier League. And the real trick is that
he does a game after game. And the real thing
is he is a New Zealander. He's our captain. He
didn't win a Halberg, but you know he deserves to.
Speaker 8 (06:46):
So.
Speaker 2 (06:47):
Winston causing all the ruckers yesterday and he caused some
ruckers about the cock Islands. Jason Walls was listening. Jason's
next It is thirteen after five.
Speaker 1 (06:55):
News and Views You trust has done Your day is
early edition with Andrew Dickens and one roof Make your
Property search simple if you talk Siddy.
Speaker 2 (07:06):
It's just gone five point fifteen and all as well
now last night and Wellington, Winston Peters delivered a speech
that showed he's not missing around with the Cook Islands.
He said, we need to reset the government to government relationship.
We need to formally restate responsibilities, obligations and the overall
parameters of the free association model. All this no small task,
so does it be political? Editor Jason Walls was listening
(07:28):
to the speech enjoins me, now, good morning to.
Speaker 4 (07:29):
You, Jason, Good morning.
Speaker 2 (07:32):
Does Winston want an apology for Mark Brown or does
he just want a conversation?
Speaker 9 (07:36):
Oh, listen, I think he probably wants a bit of both.
It's clear that Winston is well passed fed up at
this stage. I mean the fact that Mark Brown went
to China, he signed this agreement with that practically no
oversight from New Zealand, no consultation or anything of the
sort has obviously, so I think of grave concern in
Winston has been quite upset about this for our number
(08:00):
of weeks now, and I can underste I can understand
why it's no small feat to completely snub New Zealand
in a sense and sign such a major agreement with
China without giving New Zealand much of a heads up.
And the government is still in the dark about the
details of this agreement. I mean they've released essentially what
(08:20):
can be described as the executive summary to New Zealand,
but Winston Peters his officials in the Prime Minister for
that matter, are still waiting for some more information on
this one. So quite worrying times between the relationship between
the two countries and why the reset is occurring.
Speaker 2 (08:36):
So yeah, it's a real telling off, but it's some
diplomatic language.
Speaker 4 (08:39):
But that's the way you do it.
Speaker 2 (08:40):
So that's the big thing, the restating the parameters of
our free association model.
Speaker 4 (08:45):
What could that look like?
Speaker 9 (08:47):
Well, that's the thing. We need to wait and see
what that is. We've had about sixty years of this
model and it's quite fitting that the that the Winston
is looking to reset it now in terms of what
it looks I mean, that's exactly the question that we're
asking at this stage. And with New Zealand and the
Cooks are extremely close. We've got same passports, same currency,
(09:10):
various different things like that. So what it actually looks
like we'll be asking win Pete is that very question today?
I mean, I'm quite interested to see is are we
actually at this situation? Is this is sort of almost
a block that he could make to say, if they
actually give us the details of what they signed with China,
can he go back on this? And is using this
as just a bit of a trump card to say,
(09:32):
if you don't play by our rules, where we're going
to drop you.
Speaker 2 (09:37):
Yes, if New Zealand's two hash, there is a real
risk that the Cook Islands will go okay, Well, China's that.
Speaker 9 (09:42):
Mate, Well, there is that risk, and there is the
sort of the trade off here because China have been
sort of muscling their way into the Pacific with their
seemingly limitless amounts of money. New Zealand, what we do
have with the Cook Islands is a long history of
cultural connection with the country. I mean there are one
(10:04):
hundred thousand Cook Islanders in New Zealand for example. So
that is our real trump card in this situation. But
you know, is it enough when China come calling with
just bottomless pockets?
Speaker 2 (10:15):
Jason Walls, thank you so much for getting up early
for us. That is Jason Wall's, our political editor at
the time, is now minutes after five. The Desert Road detour,
of course, people are then going along what they call
the Adventure Holiday Highway, which goes past the mountains, past
the chateaueareto through what was formerly called National Park, through
or Hakunian. Apparently everyone's chucking their rubbish out the window.
(10:37):
So there's a counsel who's got a big beef about this.
We'll talk to him shortly. And I got a text
yesterday from a woman called Kristin who was listening to
Sharon Zolner the Economists, and she went, I get fit
up with all the gobbledygook from economists economists, and so
I'll try and talk about the Reserve Bank in a
moment like a real person.
Speaker 4 (10:53):
It's five nineteen.
Speaker 1 (10:56):
Andrew Dickens on a early edition with one roof to
make your proper search simple, youth talk zibby.
Speaker 4 (11:02):
It is five twenty two.
Speaker 2 (11:04):
More wickets have fallen Pakistan now two hundred and one
for seven. They need one hundred and twenty runs and
fifty two balls, and the run rates creepy up towards fourteen.
It's all looking good, but it's not looking good and
pay who. Roadside dumping is an increasing problem along the
desert Road. Deep tour in Zta have received backlash for
the handling of the rubbish and it's clean up. So
(11:24):
the real pay who di just a council that David
Notage has now taken to collecting the rubbish in his
personal truck and David joins you now, Hello, David, good
on you man.
Speaker 10 (11:32):
Good morning, good morning. Yeah, it's bit of a I
don't know if it's just bad timing for when I
go driving out on the State hallway, ball both. It
just seems that every time I'm out there and well
I've got trucks in and my youth, there's always seems
to be a lot of rubbish out there.
Speaker 2 (11:48):
Well, good on you on your dedication to public service, mate.
So here's the thing. Is this rubbish directly correlating to
the detour being in place? Or have the people of
Rupey who just suddenly got messy?
Speaker 10 (11:58):
Well it's hard to well, the last rest here I
cleaned up. It's hard to believe that travelers would carry
that much rubbish with them. And yes, people might be
taking advantage of the you know, the detour, but yeah,
the last one nearly has lots of lots of recyclable
(12:21):
stuff on their cans, bottles, plastic bottles, and I just
just general household rubbishpin dumpy as well. It's all on
black bags, so I tried to see if you actually
you know, being black bags as well.
Speaker 4 (12:38):
So it's tourists not truckings.
Speaker 10 (12:41):
Uh well no, we don't know, you know, unless we
you know, you know, I don't see anyone doing it,
but it just seems to appear.
Speaker 4 (12:49):
Should should it ends it? Here's the thing?
Speaker 2 (12:51):
Should ends it ta be stepping up his rubbis rubbish
collection frequency so you can step down.
Speaker 10 (12:57):
I yeah, it would be nice, but but also it'd
be nice if tivys didn't throw their rubbish out. You know,
they pack it in. They should pack it out, you know,
take it home and you know, dispose of it how
they should dispose of it. But yeah, it has been disappointing.
That may be a contingency for the amount of rubbish
that could appear on our road. You know, it could
(13:21):
have been mitigated, I think.
Speaker 2 (13:23):
Yeah, And how is this detour affecting the local economy?
I know that Johnny Nation's bakery and Akuny's doing roaring business?
Speaker 4 (13:31):
Is it? Are there wins and losses? Yeah?
Speaker 10 (13:35):
Yeah, definitely. I think from what we've been told that
you know, it's not just Oakuni that's having a bit
of a windfall National Park rather he Wanganui. Yeah, I
know it's tay happy and bulls maybe in Wau might
be striking a little bit. But you know, once a
detour comes off, I'm pretty sure that you know, their
economy will will go back to how it normally is.
(13:58):
But we're hoping that more people use State Hallway four
once the desert road and you know see that it's
just as pretty as the desert road.
Speaker 4 (14:08):
It's not pretty absolutely as.
Speaker 10 (14:09):
Long as they keep you aber from your car.
Speaker 2 (14:11):
Yeah, good, good call David, and thank you so much
for what you've been doing. David Notedge's the councilor at
the rual Pe Hood District Council that I do. Now
a lot of people are going around that other side
when they go in south and then they go, look
there's a pair of pair of highways going down to
wang and aw oh look the Sergeant gallery is just
open this go and have a trip. I've got friends
who have done that and the only reason they did
that was because of the detour. So it's changing things.
(14:31):
It's five twenty five. It's News Talks AB the early.
Speaker 1 (14:35):
Edition Full the Show podcast on iHeartRadio powered by News
talks it B.
Speaker 2 (14:41):
It's News talks it B. It's five twenty seven. I'm
Andrew Dickens. Thank you for your company today. So yesterday
on the show, I outlined the reasons why the Reserve
Bank might not cut interest rates or lower them by
zero point two five percent, and I got that wrong
because they chopped the rate by the expected half a
percent with immediate relief for mortgage holders. While we try
to to do with the Reserve Bank is now read
behind the lines and figure out what they really mean
(15:03):
for us in our day to day life. And we'd
like to hear that in real language. So this is
what I think they're saying. They're saying, times have been tough,
but you've been sitting on that couch for fifteen years.
You wanted to replace that couch five years ago, but
everything went so crazy that you called ty hoe until
times were better. The Reserve Bank then says, well, times
are better. Well, times actually are as good as you're
(15:24):
going to get anytime soon, So buy that couch and
please buy a New Zealand one. In this statement, they
admit there are future risks, but they promise to keep
a close iron it. But we can't just sit in
our hands. So we've got a bit of a furlough,
so let's get cracking. We can wait for us someone
to tell us what to do, like a government, but
that's not the New Zealand way. We just need to
get out there and do it. We need to work
(15:44):
for every dollar we can find. We also need to
realize that the dollars we've got need to be in
the washing machine that is our monetary system. It helps
no one if you sit there cautiously, and I think
that's what the Reserve Bank is hoping for. That we
will loosen the strings around our purse book and spending
will increase as the year goes on, but not by
too much. Don't go crazy, just keep it all balanced. Meanwhile,
(16:07):
everyone's going to hope and pray that global conditions treat
us kindly. And we're going to talk about this with
Nikola Willis and she's joining us just before six this morning.
Speaker 4 (16:14):
It's five twenty nine, Andrew Dickens, So what's still to come? Well,
still to come? We're off to America.
Speaker 2 (16:21):
Mintb can very bad whether in New York he is
absolutely freezing. We'll talk to him about the big storms
that are hitting. We're going to talk about christ Church
water and more options on the table, and as I
mentioned before, we are going to be talking to Nicola
Willis about the interest rate rises. Is this because of
her policies or was this going to happen because the
Reserve Bank wanted it to happen anyway? And what does
(16:44):
she think we need to do going forward? We know
already that she's got the banks on warning saying, you
know there's an interest rate cut with a reserve bank,
you should be doing it too. They source their money
from different places. Can they do it, should they do it?
Will they do it? These are all questions that will
ask Nickol the Worse in about.
Speaker 4 (17:02):
Twenty minutes time.
Speaker 2 (17:04):
Here on News Talks at b I'm Adrew Dickens, gone
again for Ryan Bridge. Back after News and Sport.
Speaker 1 (17:33):
The news you Need this morning and the in depth
analysis Early edition with Andrew Dickens and one Ruth Make
your Property Search Simple, News Talks It.
Speaker 4 (17:43):
Be Welcome morning, back to your Thursday. I'm Edrew Diggins.
Speaker 2 (18:03):
After my comments about the word I'll tell at the
beginning of the show, I'm starting to get a few
texts coming in saying, well, really, if we go back
to eighteen forty and you look at the Treaty of
White Taking, we should be really called New Tehranni, and
they go, come off it. We've had one hundred and
eighty five years a branding of New Zealand. It sticks,
It's known around the world. It's easy to say, you know,
go to New Tehranni. Everyone be going, what the hell
(18:25):
is happening down in New Zealand. Hey, here's a weird
news story I heard yesterday. It's the placement of the
mosque massacred date in a video game. And this video
game is a shoot him up and someone put it
in there, and you can, in fact, just imagine some
sweaty little coda placing the date and snickering away all
the mischiefy thinks he's causing when that hidden depth charge
(18:48):
went off, Well it went off yesterday. Some have argued, oh,
it's just a coincidence, it's just charged.
Speaker 4 (18:53):
That's by the bye.
Speaker 2 (18:54):
The date and the context of the game makes me
believe that it was a deliberate sight.
Speaker 4 (19:00):
Coders, well, you know coders.
Speaker 2 (19:02):
You know coders, codas are coders, So should they change
the day. Of course, it's causing a pretty big offense.
I think the real problem is that so many will
actually be laughing along with the cheap shop while they
sit behind their terminals and they do their shoot them
up going. It's not funny, it's not clever, it's mean,
it's heartless. And the guy who put it in the game,
(19:23):
he's a dick.
Speaker 4 (19:27):
And I'm Dickens.
Speaker 2 (19:28):
Callum prock To joins every film to need and hello, Callum.
Speaker 4 (19:34):
Hello, Callum.
Speaker 11 (19:35):
Hello, good morning, Andrew.
Speaker 4 (19:37):
We are we found her. Doc wants a beach vehicle ban.
Speaker 7 (19:41):
Here they do.
Speaker 11 (19:42):
This is after more poor behavior around wildlife here in
the South. There's been numerous animal attacks on beaches around
the South people on vehicles. Cases include the discovery of
a dead sea lion on Totuku Beach after cars were
spotted there aggressively driving towards it and around it. So
the the district council wants to do something about it.
(20:02):
They'll decide today whether to go ahead with a by
law review which will ban vehicles. The mayor, Brian Kadogan's
told us that currently a council stretch to capacity. He
says it will be a balancing act in deciding whether
the spile or needs a review and if they have
the capacity and in fact financial ability to do so.
Speaker 4 (20:20):
How's your weather? Rain clears this morning and.
Speaker 11 (20:23):
Then fine, but then showers return this afternoon on a
high of twenty two.
Speaker 2 (20:26):
Go for a walk on Tomahawk, but keep away from
the animals. Claire Surewood joins me right now from Crosser
Telly Claire. Hello, good morning, and there you're talking about
the management of water.
Speaker 12 (20:36):
Yes, well, there are three options here for the management
of water in the future. Class Church City Councils agreed
to seek some feedback. The options include whether two maintain
this status quo with an in house delivery model or
potentially create an independent council owned entity. There's also a
hybrid approach, which is another option that's about balancing independent
(20:56):
management of water supply and waste water with council having
over site of our storm water. It's also formed what
they're describing as a collaboration with Duneden City Council. Now
Chief Executive Mary Richardson says she's very clear that neither
are considering considering a joint water entity, but rather to
sheer expertise. She says both christ Church and Duneden have
(21:17):
been clear that'd extend the collaboration with other councils when
in a position to do so.
Speaker 4 (21:22):
And how's your weather today?
Speaker 12 (21:23):
A bit of morning cloud clearing to fine northeasterlies a
bit later. We're on the way to twenty six.
Speaker 2 (21:29):
Max told joins us from Wellington Hallimax. Good morning rates
blunder in Palmestan North.
Speaker 13 (21:34):
Yeah, we've had people calling us at zby from across
mano or two this week, texting into the programs pointing
out that they has somehow been charged their rates bill
twice or double. Some that they'd been charged their rates
bill fire earlier than they should have been. We got
in touch with the Palmerston North City Council to ask
what was going on. They are now apologizing for what
(21:55):
they call technical issues and they're assuring us and everyone
affected that they have now been re funded. The council's
chief financial officer apologizing again to us and rate payers
for any concern or worry caused, and they are reviewing
their processes to make sure this does not happen again.
Speaker 4 (22:10):
How's Wellington's weather today?
Speaker 13 (22:13):
Party cloudy, the odd shower early and then clearing to
find twenty two the high central.
Speaker 4 (22:18):
And never read a man who joins us from walking
to the temperature.
Speaker 8 (22:20):
Okay, greetings, Yes, it's lovely good corners on, thank you, Andrew.
Speaker 4 (22:25):
Wayne Brown is back for a second crack.
Speaker 8 (22:27):
He is back for a second crack, quite right. He's
announced he's running for a second term this October. So
the early sign showed that his campaign's going to be
similar to the last one, focused on cutting spending, getting
projects done, returning CCO decisions back to the Auckland Council.
Brown says he's also going to get Central government to
allow this midnight visitor levy to pay for the large
events coming to the city as well.
Speaker 4 (22:48):
Okay, and Orkand's weather today a bit.
Speaker 14 (22:51):
Of a mixed bag.
Speaker 8 (22:52):
Cloudy conditions, a few shouts from the afternoon, some possibly
heavy auto walk worth still warm though twenty six is
the high here in Auckland.
Speaker 2 (22:58):
And I thank you and I'm my comments about the
game ant has come back at me on the text
ninety two to ninety two small charts does apply. Guess
what if the media hadn't reported the gamer's date, nobody
apart from a few gamers would have known. Now the
guys favours have as and laughing so who's the dick then,
mister media, Well yes, but at the same time, this
is a warning to anybody who thinking about it in
the future, and we need an opprobrium to pour down
(23:21):
on the gamer's head, so no one thinks it's a
good idea next time. Anyway, it's now eighteen minutes to six.
We're off to New York where the weather is atrocious,
with Mitch McCann in a few minutes time. In before six,
Nicola Willis is here to talk about our economy after
the good news yesterday that interest rates have fallen. It
is now seventeen to.
Speaker 1 (23:39):
Six International correspondence with ends and eye insurance. Peace of
mind for New Zealand business.
Speaker 2 (23:47):
It's accorded to six overseas Pakistan now two fifty four
for eight. They need sixty seven runs and twenty balls
to win. Run rates now over twenty. Will O Rourke
three wickets for forty seven. It's all looking good for
a New Zealand victory. Meanwhile, it's off to the United
States we go, and it's good morning to Mitch McCann.
Speaker 4 (24:05):
How I much, Good morning, Andrew, how are you very well?
Speaker 2 (24:09):
President Zelenski calls out President Trump on truth and disinformation.
Speaker 7 (24:14):
Yeah, that's right. Zelensky has been walking this awkward tightrope,
I think in recent weeks, wanting to defend Ukraine's sovereignty
head of these negotiations that might happen, but not wanting
to criticize Donald Trump openly for some of the comments
he's made that seem rather favorable to Russia. But it
seems his patience may have run out. Now here's the context.
(24:34):
Last night, at a press conference, Donald Trump appeared to
be almost blaming Ukraine for the war. He told reporters,
referring to Ukrainian leaders, you should have never started it.
You could have made a deal. At the same time,
he was not at all critical of Russia, the country
nearly the entire international community agrees did actually start it.
Now in the last few hours, Zelensky has shot back
(24:56):
reasonably defiant. He said, unfortunately he's living in in this
disinformation space speaking about Donald Trump, and he added, I
want there to be some well, I want there to
be more truths in Trump's team. He also said the
White House suggested that he signed this agreement to give
America half of its rich mineral resources in exchange for defense,
which he refused. So this is coming out a delicate
(25:18):
time where the US is looking to negotiate with Russia
without Ukraine at the table, and you can see now
Ukraine's getting a little bit impatient with what's going on here.
Speaker 4 (25:28):
Meanwhile, you're in New York and you're freezing.
Speaker 7 (25:31):
Yeah, I am, I'm sick of complaining about the weather,
but this is really so cold. It's about minus five
degrees celsius at lunchtime as I speak to you. But
it's far from over, and there's a series of winter
storms about to hit the US. Virginia, North Carolina, and
Delaware are set to receive between fifteen to thirty centimeters
of snow in the coming days. North Carolina and Arkansas
(25:52):
have already declared states of emergency. And just finally, Andrew,
I'll leave you with this. The National Weather Service has
seen temperatures in the set. The O Bismarck, North Dakota,
reached negative thirty seven degrees celsius this week, breaking a
one hundred and fifty year record.
Speaker 4 (26:08):
It's cold.
Speaker 2 (26:08):
Are you a fahrenheit boy yet or are you still
keeping with the celsius?
Speaker 7 (26:12):
No?
Speaker 2 (26:12):
I'm on Google every five minutes trying to work it out.
Stay warm and I thank you for your time today.
Speaker 7 (26:18):
Thanks Andrew all the best.
Speaker 4 (26:20):
Mitch McCann for the United States of America at the
time is now twelve to six Coundrew Dickens.
Speaker 2 (26:25):
So good news for mortgage holders. The official cash rate
yesterday dropped by fifty basis points. It's down to three
point seventy five percent. The question is will the banks
pass it on? Well, banks have already started doing that.
And for NaN's Minister Nichola Willis joins me. Now, Hello, Nicola, Hi,
how are you. I'm good good news for us, good
news with mortgage holders. What does it say about our economy?
Speaker 14 (26:46):
Well, it says that things are going to get better
for New Zealanders who are worried about the cost of
learning because their mortgages are going to get cheaper. And
the Reserve Bank is confirming the view that the economy
is going to grow this year, which means more people
on jobs, more businesses doing well, and more wealth in
our economy.
Speaker 4 (27:06):
This is true.
Speaker 2 (27:07):
The Reserve Bank has made it clear that there will
be more cuts. Do you believe that because there is
an argument that we shouldn't be going to heart right now,
considering the global situation considering the baked in non tradable
inflation that we've got. You know, we see rate rises
the whole time, we see water rises the whole time.
Do you believe that there will be more cuts?
Speaker 14 (27:27):
Well, the Reserve Bank is forecasting more cuts, that's very clear.
They see that interrast rate reductions will continue for the
year ahead, and that's based on their view that New
Zealand has inflation under control, which is very good news
for all New Zealanders. It means less price rises and
it also means that interst rates can keep coming down.
So if you've got a mortgage or your a small business,
(27:50):
interest rates are going to keep dropping.
Speaker 2 (27:52):
So is the fact that inflation is now under control.
Who should get the credit? Is it because of your
policies and your fiscal manner or is it just the
consequence of the Reserve bank squeeze of money supply over
the past two years.
Speaker 14 (28:06):
Well, the Reserve Bank has the decision making power when
it comes to reducing interest rates. All we can do
is the government is make it easier for them, and
we have since coming to government, we have been disciplined
about government spending. We went through a period as a
country where the government was spending more than it ever had,
even while inflation was driving to generational high as it
(28:29):
was up at more than seven percent, and the government
kept on spending and that makes it hard for the
Reserve Bank reduced infrastrates. So now it's in a different
point of the cycle where it can look at a
government that's saying, well, be restrained, please just drop interest rates, and.
Speaker 2 (28:44):
They are yes, Well, there's good spending and there's bad spending.
Speaker 14 (28:47):
And I know.
Speaker 2 (28:48):
Over the weekend, Engineering New Zealand and Philip Templar wrote
a piece complaining about the lack of spending on any
infrastructure and the fact that because there is no investment
from the government in our infrastructure, we are losing our
best and brightest a engineers to Australia and the rebuild
in America. So the question is when will you start
spending Well, one of.
Speaker 14 (29:07):
The things that drives me in politics is wanting new,
skilled New Zealanders to stay here in this great country.
The fact is that we are spending more on infrastructure
than the previous government was forecasting to do. We are
continuing to invest in building hospitals and building skills and
building roads and we will keep doing so, we need
(29:29):
to also paint a better future for New Zealanders, and
that is why we are so focused on growing the
economy so that we can create better opportunities in the
years ahead.
Speaker 4 (29:40):
Are we building roads, Yes, we are.
Speaker 14 (29:43):
I mean we just last week opened the new road
in the Hawk's Bay. We've got new roads happening in
christ Church. We've got new roads of national significance happening
across the country. We've got a record investment in the
National Land Transport Fund so that we can build roads
that will make a difference to New Zealander who can
(30:04):
meet from one region to another.
Speaker 2 (30:06):
Those roads were ordered by another regime. What I'm asking is,
what are you going to do.
Speaker 14 (30:10):
Now we have announced new projects? Andrew, Yes, yeah, but.
Speaker 2 (30:14):
I'm I'm just doing the light rail thing with you,
if you know what I mean. You know, we have
announcements of projects, but it's not a project until a
side has turned.
Speaker 14 (30:22):
Well, you are making a very good point, which is
we did cancel fantasy projects. I don't think anyone in
Auckland thought light rail was actually going to happen. Yes,
there are a lot of people involved in designing it,
but it wasn't ever going to happen, and similarly with
the Lake Onslow hydro project that was never going to
happen either. We're focusing our resources on projects we will
actually open, and that's roads of national significance, that's big hospitals,
(30:47):
that schools. We're doing things where we invest the resources
and projects we will fund and we will dolether.
Speaker 2 (30:53):
Okay, yes, you're cutting the spending, but you're still having
to continue the borrowing because we have so we have
huge payments. Our dollar has had a year long slide
downward and I want to know what's that doing to
our debt at its repayment and our economy.
Speaker 14 (31:08):
Well, we have a flexible exchange rate, and the plus
side of that is it means that when our dollar
is coming down, our exporters get more for they're exporting.
And so if you're a dairy farmer or you're a
sheep farmer right now, there is a plus side to that. Overall,
it means that our exchange rate is adjusting to the
(31:29):
circumstances that are happening around the world. New Zealand just
needs to keep doing what it's always done well, which
is selling our beautiful, amazing products around the world. For
good prices and we will keep doing that.
Speaker 2 (31:43):
Nikola Willis Finance Minister. I think you for your time today.
It is now seven minutes to six.
Speaker 1 (31:47):
It's Talks the first word on the News of the
Day earlier edition with Andrew Dickens and One Room to
Make Your Property Surgeon Simple Youth.
Speaker 2 (31:57):
Talksv Yes, it's now five to say so Andrew Dickins
saying good news.
Speaker 4 (32:01):
We won.
Speaker 2 (32:02):
We beat Pakistan. We won by sixty runs. They were
all out for two sixty. We got three twenty for five.
We've got a couple of centuries and there well. O
Rourke had a good crack. This was the first game
of fifteen. This was the host nation getting trolet by us.
We've now beat in them three times in a row
in a week. Things are looking good. The thing about
the New Zealand cricket side is that either awesome or awful,
and I can never get used to which one is which.
(32:24):
Mike cost can good morning to you.
Speaker 15 (32:25):
A psychology of the game as what it boils down
to absolute it's all in the head.
Speaker 2 (32:29):
Yeah, Well, Pakistan's head's gone, Our head's back. Maybe it's
because they finally put satin there as the captain, and
he seems to be a drenk ride down the night.
Your you, cricket trajects are all the same. You look,
you look for things that aren't there. Some days a
good days, some days aren't good days.
Speaker 4 (32:43):
You're the abstract man. Say it's all on the head.
It's all in the bat.
Speaker 15 (32:46):
It's all in the bat. But it's only in the
bat and the ball. If it's in your head, it
all starts. It all starts in the head. Hadrian all
this morning, I'll tell you what was interesting yesterday about
watching his press conference, and you should always watch that
because what you get by way of headlines tells the
full story. So he, broadly speaking, is very bullish about
where we are at the moment. All things being considered,
by the end of the year will get a little
(33:07):
bit of growth. But we're at what he calls neutral,
where we're back to where we should be. And the
worrying thing about that, and Nicholas should be worried about it,
is that that is his fair value is what he
called it. So the currency is fair value, the interest
rates a fair value, everything's fair value. So the currency
is at forty five p and about mid fifties US,
and that tells you how shockingly poor that we are
(33:30):
as a country.
Speaker 2 (33:31):
I looked at the dollar side over this year. It's
a line like that all the way down. And every
time the dollar goes down, that means our repayments of
our debt.
Speaker 15 (33:38):
Goes up, and so he calls that fee.
Speaker 4 (33:40):
I asked Nicola about that, and you know it's no problem.
Speaker 15 (33:42):
Well, it sys a problem because we pay ten billion
dollars a year on interest on our debt.
Speaker 4 (33:48):
So it might not be spending on public servance, but
we are spending on debt.
Speaker 15 (33:51):
We are certainly spending on deb where it's two times
the police budget on the interest on debt each and
every year. Anyway, Adrian Or will explain more after seven
thirty when he's with us.
Speaker 2 (34:00):
Great the Mike hosting Breakfast is here. I'm Andrew Dickins.
Speaker 4 (34:03):
I'm gone.
Speaker 2 (34:03):
My thanks to producer Kenzie and Libby for doing the setup,
and I'll see you tomorrow.
Speaker 1 (34:12):
For more from Early Edition with Ryan Bridge, listen live
to News Talk Set B from five am weekdays, or
follow the podcast on iHeartRadio
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