Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
The issues, the interviews and the insight. Ryan Bridge on
an early edition with ex pole insulation, keeping Kimi Holmes
warm and try this winter news talks'd be.
Speaker 2 (00:12):
Good morning, Welcome to Thursday. Just gone six minutes after five.
Speaker 3 (00:15):
Coming up on the program this morning, the road user charges,
how will the truckees fare?
Speaker 2 (00:19):
We'll ask them just before six is.
Speaker 3 (00:21):
It going to make Yeah, because that's how we get
all our goods to market more expensive or cheaper retailing
Z on the employment numbers, the grocery report out wild
reporting on this report. By the way, I'll tell you
if you had a guess, how do you think we
compare our grocery prices to the average of the OECD.
I'll tell you the answer to that question, and it
will surprise you. I think India be Trump this morning,
(00:44):
and this American hunter in South Africa who became the hunted.
Speaker 1 (00:50):
The agenda.
Speaker 3 (00:50):
It is Thursday, the seventh of August. Steve Whitcoff, this
is Trump's guy and Putin. They've had their meeting. Russia
says it was constructive.
Speaker 4 (00:58):
The thing that's stuffing the Russians from saying more about
what sort of signals the two men exchange was that
Steve Whitgob has to report back to Donald Trump, but
what he has discussed without then we will know more.
Speaker 3 (01:14):
Meanwhile, Trump's slapping India with a twenty five percent terror
for buying Russian oil. This is on top of the
twenty five they already had. That takes you to fifty.
That's one of the highest the US is ever imposed.
Speaker 5 (01:24):
It's going to be very disappointing to the Indian government.
Speaker 3 (01:27):
President Modi and Donald Trump have enjoyed a strong, good relationship.
And remember the Mastershift controversy. How could you forget this
is the BBC over in the UK deciding to air
the series that they filmed before the slightly dodgy hosts
were sacked after the conduct report up held complaints against them.
Speaker 2 (01:48):
Not everyone's happy or watching it.
Speaker 6 (01:50):
It's absolutely not for me, as the Culture Secretary and
a member of the government to tell broadcasters what they
can and can't as.
Speaker 7 (01:57):
A viewer, as a viewer and a license fee pay
or do you think you should be shown.
Speaker 8 (02:01):
As a viewer?
Speaker 9 (02:02):
I won't be watching it like every member of the public.
Speaker 10 (02:04):
I'm absolutely a pulled that that was allowed to happen.
Speaker 1 (02:08):
The first word on the news of the Day Early
edition with Ryan Bridge and expol Insulation keeping Kiwi Holmes
warm and dry. This winter news Talk, sa'd be.
Speaker 3 (02:18):
You got to be careful who you pick for these
shows because they're really expensive to make, and if you
have to then train and edit people out, well.
Speaker 2 (02:24):
It's very difficult to edit people out of a show.
Speaker 3 (02:28):
But once you've filmed it, once it's in the can,
it's basically done and dusted, and you've got to air.
Speaker 2 (02:32):
It, don't you.
Speaker 3 (02:32):
Otherwise it's an enormous waste of money. Now, speaking of
enormous waste of money, that's what it feels like we
do when we go to the supermarket and we've got
a grocery report out from the ComCom yesterday. It's their
annual report looking at the state of the grocery sector.
Speaker 2 (02:47):
Now, this is.
Speaker 3 (02:47):
Why we feel poor. The numbers consumers are paying between
twenty seven and thirty six percent more for grocery products
in twenty twenty five compared to twenty sixteen. Even if
you look at t twenty twenty one, we are now
paying twenty one percent to twenty seven percent more for
our groceries than we were just in twenty twenty one.
Speaker 2 (03:08):
So that's why we feel poor.
Speaker 3 (03:10):
Now, all the headlines from this report are very much
we're more expensive than the OECD average. You know, we're
up there. Things are bad, things are terrible, nothing's improving.
But actually, if you look at the numbers in the report,
we're now three percent above the OECD average the price
(03:33):
of food and non alcoholic beverages in New Zealand compared
to the OECD OECD average plus three percent. Now, that
was as high in twenty twenty one, as high as
fourteen percent twenty twenty two, nine percent, twenty twenty three.
Three percent. Now, I don't know about you, but that
(03:53):
feels like two fits of bugger all to me. And
it doesn't take into account the fact that we have GST.
We have GST at fifteen percent on everything. The Aussies,
for example, have GST, but they exempt basic products, so
that makes their products cheaper there.
Speaker 2 (04:09):
So are we going to pull apart.
Speaker 3 (04:10):
Businesses in New Zealand for a three percent on average
above the average?
Speaker 2 (04:17):
Obviously?
Speaker 3 (04:18):
Are we going to do that? Does that sound like
a reasonable response to you? Nine two nine two. It's
just gone ten minutes after five here on news talks HEVB.
Speaker 2 (04:26):
We're going to talk about the employment.
Speaker 3 (04:28):
We had the number yesterday slightly better than what we
had expected. I think Nikola Willis has been given a
bit of a hard time on the press conference she
did yesterday. I'll tell you about that next plus we'll.
Speaker 2 (04:38):
Talk two retail en z here on News Talks, HEB on.
Speaker 1 (04:42):
Your radio and online on iheard Radio early edition with
Ryan Bridge and x fol Insulation keeping Kiwi Holmes warm
and dry this winter News Talks, FB.
Speaker 2 (04:54):
News Talks VB.
Speaker 3 (04:55):
It is thirteen minutes after five Fort Stewart and Army
base over in the United States being in an attacked.
There's been someone go in and shoot at least five soldiers.
The Trump White House has been briefed on it at
the moment. Katie Fishers are US correspondent. She'll be with
us after five point thirty this morning, just gone thirteen
after Bryan Bread unemployments at its highest level since twenty twenty,
(05:16):
now sitting at five point two percent. That's sixteen thousand
jobs gone in the last year. Retail's been hit hard,
with full time jobs down two percent last quarter. Carolyn
Young is Retailings ed CEO with me this morning. Karen,
good morning, whatever how are you guys feeling about looking ahead?
Is this the worst it'll get? Do you think for
(05:37):
retail or more shedding to come?
Speaker 11 (05:40):
Look, it's really hard to tell. We have an advice
service for our members and we're still every week the
top issues that are being discussed with through our advice
service restructures, enclosures. So you know, the pain is still
being felt and so could be more more to come.
I would think at this point.
Speaker 3 (06:01):
Hard to keep morale up at the moment, it is tough.
Speaker 11 (06:05):
Yeah, and I think you know, retailers are trying to
really focus on some of the good work that's being
done to keep morale up. But business owners and certainly
in those means, are really struggling around, you know, how
how to make sure that they survive through this downturn
to come out the other side.
Speaker 3 (06:21):
What I mean, everyone's waiting on the Reserve Bank to
just pull trigger and keep cutting, cut and cutting. You know,
we'd like it, we'd like them to prune like it's
coming into summer.
Speaker 2 (06:30):
But but what what do you is there?
Speaker 3 (06:33):
You know, are people realistic, business owners realistic about how
much the government can actually do in a situation.
Speaker 11 (06:39):
Like this, Well, we really need greater consumer confidence. That's
the key driver for the most discernible retail because if
you take out core essential services where you know people
are going to have to go to the supermarket, they
need electricity, detail in taile, communications and fuel. If they don't,
if consumers don't have anything left in their pot, then
(07:01):
they're not going to be out buying anything else. If
they're not confident in their job security, they're not going
to be thinking about buying other things. We really have
to make sure that you know, people are feeling secure
in those spaces to their confidence arise for them to
be able to spend more money in the wider sector,
and part of that will be around you know, interest
(07:22):
rates and mortgage affordability and rent affordability and those everyday expenses.
Speaker 2 (07:27):
Yeah, appreciate that, Karen, Thank you.
Speaker 3 (07:29):
Carolyn Young, who's with Retailing Z the chief executive, just
gone call to past five Gee. I think Nichola would
has got a bit of a hard time yesterday just
in terms of the portrayal of her press conference.
Speaker 2 (07:41):
In the press.
Speaker 3 (07:42):
She and I watched the press conference yesterday. She made
one comment about some economists being a bit glass half full,
and that has been the comment that's gone to all
the sites, particularly via r n Z, which gets syndicated everywhere.
She actually said that this number, this employment was bad,
(08:02):
better than market predictions, which is true, but still tough.
It's at this point you ask yourself, what exactly do
we want the government to do? You know, That's why
I asked Carolyn about it.
Speaker 2 (08:12):
What do you actually want them to do?
Speaker 3 (08:13):
Do you want them to go out and borrow more
money and pump up and fund a whole bunch of
jobs that shouldn't be there, shouldn't exist but exists purely
to fill and make the employment numbers look better?
Speaker 2 (08:26):
You know?
Speaker 3 (08:26):
Do you want national to spend more? They're still technically
spending like a drunken sailor at Grant Robertson levels. You know,
the bureaucrat beureacrat head count actually has barely moved. I
think it's down about four percent or something. What do
we actually want them to do? Differently, you can't blame
the slot for the recession that they inherited, and you
can mostly blame Trump for it dragging out longer than necessary.
Speaker 2 (08:49):
But what actually what specific.
Speaker 3 (08:52):
Actions other than taking on more debt do we want
Nikola Wallace to do seventeen minutes after five, Grocery prices,
next views.
Speaker 1 (08:59):
And view as you trust to start your day. It's
earlier this ship with Ryan Bridge at x full Insulation,
keeping Kiwi homes warm, and Drey this winter news talks
that'd be five nineteen.
Speaker 3 (09:10):
A lot of people agreeing with the road user changes,
road user charges changes. I should say, we'll talk about
that just before six this morning, specifically how it will
affect the truckies and there for the goods that we
get to and from market which we pay for. Nineteen
minutes after five. Now the Commerce Commission's latest grocery reports out,
and not much has changed. Big two supermarket chains dominating
(09:31):
still eighty two percent market share. We're paying the fifth
highest price in the developed world, apparently, while food stuffs
is in profit more than international supermarkets like wal martin Tesco.
Ernie Newman is a grocery policy expert on the program
this morning.
Speaker 2 (09:46):
Hey Ernie, good to have you on the show. Now.
Speaker 3 (09:50):
Is this The number that struck me was three percent.
So we're paying, on average three percent more than the
OECD average for our food?
Speaker 2 (09:59):
Is that bad? Oh?
Speaker 5 (10:02):
It is for a country like this, which is an
extremely efficient food producer.
Speaker 12 (10:07):
We should be.
Speaker 5 (10:08):
Paying way way below the OECD average, and you know
years ago we did. The problem is that part too much.
Speaker 3 (10:17):
The thing is we we're an export nation, right we
export most of what we produce, which is subject to
an international price.
Speaker 5 (10:27):
I wouldn't say most. Well, yeah, in certain markets we do, yes,
and the dairy and horticulture industries, that's true, but there's
a huge amount of local produce where the problem here
is excessive markups, so that there are problems with the
excessive profitability of the retail sector. And I guess there
are also problems with distribution because you know, well, we
(10:48):
all feel good when volunteer is doing well, but that's
not being passed through the community. That's all going to
the farmers and not being passed through to consumers. And
that's why it's creating a increasing and a huge imbalance
between the rich and poor.
Speaker 3 (11:03):
But the farmers have invested their time, energy and money
into a business and this is their reward. And they're
not always making money, are they. I mean, sure times
are good now, but they're not always that way.
Speaker 5 (11:16):
Well, that's true, and I mean you can get into
the whole argument about the Fonterira thing. You know, when
there's bad weather and drought conditions and buyers security issues
and whatever, we all dip into our pockets and we
all pay to help the farmers out on that. And
maybe it's a bit of a time for a quid
pro pong where New Zealanders could pay but less for
(11:36):
our butter and cheese to make up for that large years.
Speaker 3 (11:39):
You're talking about a corporate basically sponsoring the New Zealand public.
Speaker 5 (11:45):
I know I'm talking. I'm talking about a government here, because.
Speaker 3 (11:48):
Government subsidizing products.
Speaker 5 (11:50):
Well, no, not subsidizing, not subsidizing at all. But there
needs to be a payback to the whole community when
the farmers are doing well, just as there is I
guess a degree of corporate largest from the community to
the farmers.
Speaker 2 (12:06):
There is journey.
Speaker 3 (12:07):
There is when the farmers do well, they pay more tax.
When they pay more tax, we have better hospitals.
Speaker 5 (12:14):
Seeing that at the moment, you're seeing that at the
moment earning.
Speaker 3 (12:17):
My problem is that if we are only three percent
more expensive than the OECD average, and we haven't taken
into account the fact that we've got GST at fifteen
percent on everything, are we are things really that bad here?
Speaker 5 (12:32):
Well, I think they are, and with respect, I think
you've been listening to too many supermarket lobbyists of us.
You know, the fact is we are of food producing country.
We should be one of the most economic places in
which to buy food in the world, and we used
to be. And if you look at the Communist Commission figures,
the increase in our food prices over the last five
(12:54):
or ten years has been way way, way ahead of
general inflation. Now there's something role when we're paying the
kind of prices that we are for basic food stuff,
for fruit and vegetables, for milk and cheese and so on.
You know, we are we should be the best place
of the world which to live for products of that kind.
Speaker 3 (13:13):
Yeah, we also import a bunch of stuff that we
buy at the supermarket, right, and the chipping costs have
gone up. There's a whole bunch of reasons why things
have gone up in price, especially for a country like
New Zealand at the bottom end of the world.
Speaker 5 (13:26):
No, the bottom end of the world argument doesn't really
stack up this. There are certain products that are important,
but when you when you look along with supermarket shelves,
the things that we're buying every day. You know our bread,
our dairy products, our produce, our vegetables, you know a
lot of dry grocery lines, ice cream. All of those
things generally are made made locally or in Australia where
(13:49):
the shipping costs are not necessarily that great. So are
those arguments don't stack up the issue. The issue here
is the inflation over the last few years.
Speaker 3 (13:58):
It's been bloody, terrible hurts day, Ernie, appreciate you coming
on the show this morning. Ernie Newman, who's a grocery
policy expert, on the latest grocery report just gone. Twenty
four minutes after five, News Talks, he be, We'll go
to the moon next the.
Speaker 1 (14:11):
Early edition full the show podcast on iHeartRadio how it
By News Talks A News.
Speaker 2 (14:17):
Talks he be, Good morning.
Speaker 3 (14:18):
Twenty six minutes after five, there's a new space race
kicking off and I am absolutely here for it. Is
there anything more thrilling than watching two countries battle at
hammer and tong to achieve something that we all dreamed
and thought impossible until it happens, like going to the moon,
provided of course you think we actually went there. It's
like the Science Olympics crossed with the geopolitical Hunger Games.
(14:42):
This is what makes it so fascinating. This time, it's
a bit like last time, but with the US on
one team, China Rusher working together on the other, and
they want to install these nuclear reactors on the surface
of the Moon, some four hundred thousand kilometers away. The
US wants it done by two twenty thirty. China, Russia
they are aiming for your early twenty thirties, so it's
(15:04):
a real race. The scientists are hoping everybody will come
together and combine and cooperate like they do with the
International Space Station once.
Speaker 2 (15:12):
They're up there.
Speaker 3 (15:12):
But of course the politicians have other plans, don't they.
This is about nationalism, it's about defense and territory. Everyone
wants to be the first because there are actually currently
no laws or treaties for colonizing the Moon. It's basically
first come, first served, and they reckon. Whoever builds the
(15:33):
first reactor for electricity can basically bags that area and
build their base close by. He who gets their first winds. Basically,
the Moon, as you know, quite important.
Speaker 2 (15:47):
To us here on Earth, isn't it.
Speaker 3 (15:49):
The seasons, the crops, the oceans, our entire lives are
tied to this thing that hangs in the sky. But
if you look at it closely, it's actually already covered
in giant craters so big you can see them from Earth.
So even if these guys do blow something up, what's.
Speaker 2 (16:05):
One more crater?
Speaker 5 (16:06):
You know?
Speaker 3 (16:07):
I'm basically frothing at the chomping at the bit here
to see the New Age space race get underwagh. The
most interesting question, I think is what happens if it's
not a country that gets there first but one of
those weird oh billionaires and they're space toys Bridge. Do
they own space? Can they have a camp on space?
(16:29):
A camp on the moon.
Speaker 2 (16:31):
It's that I want to know.
Speaker 3 (16:33):
Is the number to text loads of texts on groceries? Ryan,
I don't earn a huge amount, says Taylor. I don't
own a huge amount. But the price at the supermarket
is just daylight robbery. Nothing's been done about it to
help pass. I spend one hundred and twenty bucks the
other day for twelve essential items that used to be seventy,
I said, dear God, yeah, Taylor, I hear you. Question
(16:57):
is whether we think smashing supermarkets is going to change
that I'm not entirely convinced it will.
Speaker 2 (17:04):
Ryan.
Speaker 3 (17:04):
The problem we have is a small population spread over
large area, products freighted from Auckland to everywhere up and
down our skinny narrow country.
Speaker 2 (17:14):
Text twenty nine minutes after five.
Speaker 3 (17:16):
Now we're going to get to the road user charges
before six o'clock and why cyclists are exempt. You'll be
probably not surprised to hear. I imagine that would be a
difficult job to do. We'll get to our reporters around
the country and to the States with Katie Fisher here
on News Talks.
Speaker 2 (17:31):
AB tar flaeres tar flowers and only twice.
Speaker 1 (17:45):
Brian Bridge on early edition with ex bowl insulation, keeping
chilly owns warm and try this winter news Talks.
Speaker 3 (17:53):
AB keep putting it as twenty four minutes away from
six News Talks. They've been there's been a shooting at
one of America's largest military bases in Georgia. We'll have
our corresponding across that for you shortly before six. The
road user charges debate kicking off and heading up. Why
aren't cyclists included? We'll talk truckies as well. This is
(18:17):
a text from Judy. We had loads of texts in
regards to the supermarket prices we were talking about earlier. Ryan,
As a farmer, it's pretty frustrating when I hear people
like Ernie, that was our guest. I wonder what Ernie
thinks farmers do with the profits that they make. Ernie,
they pay down debt or invest in their farms, which
puts money into our economy. Fonterra and farmers pay tax.
(18:39):
We paid gest for contexts, farmers were making more profit
over and above our cost to produce it in two
thousand and eight. Our income has not increased at the
same rate as farm working expenses. Ernie might like to
explore that more before he comments, says Judy, Judy, nice
to have you on the program and nice to have
your text into the show. I agree in this idea
(19:02):
that we would somehow subsidize domestic consumers for things like butter.
This argument that we produce food so it should be
cheap here and the land of milk and honey, Well,
what do you want to do? Nationalize Fonterra, take over,
you know, and then give a discount on butter to
taxpayers like the Saudis do with oil. What exactly do
(19:24):
we want here?
Speaker 2 (19:25):
Twenty three. And then who's to decide. Well, well, what if.
Speaker 3 (19:28):
You're you know, you work at a GP clinic for example,
Well that's sort of an essential service. Can we start
nationalizing all of the private practices to I mean, where
does it end? Twenty two minutes away from six. Let's
go to our reporters around the country now, Rosi Leishman
and Duneda and Rosie good morning, Good morning.
Speaker 2 (19:49):
What is up with these leg traps in Southland?
Speaker 12 (19:52):
Yes?
Speaker 13 (19:52):
So, the SBA is concerned after more than a hundred
leg traps were found in a Southland domain and kago
A City Council has removed traps from the Sandy Point area,
warning that there could be more out there. The smooth
jawed spring operated traps are designed to capture an animal
by the foot or leg. The council says it's extremely
(20:13):
disappointing as there are danger to visitors, including young children
and dogs. ESBA says pet owners should take extra precautions
until more is known about the extent and location of
these traps because trapping is not illegal, but it's not
permitted in any area where there's a risk of actually
catching a pet animal.
Speaker 2 (20:31):
Okay, how's your weather? Rosie.
Speaker 13 (20:34):
It's partly cloudy today with some northeasterlies and the odd
bit of rain developing towards this evening in a high
of fifteen degrees.
Speaker 2 (20:41):
Great.
Speaker 3 (20:41):
Thank you Cliars in Christay clear, good morning.
Speaker 2 (20:44):
Now you're worried about.
Speaker 3 (20:45):
The students in the city and police offices.
Speaker 14 (20:49):
Yeah, this was the tip off into the newsroom yesterday
Ryan about this rural police review that's happening here in
Canterbury at the moment. We now are hearing that school
police liaison off could be reduced. As part of this
proposed restructure. Canterbury Metro area would drop from having seven
of these school liaison offices down to three. Mid, South
(21:10):
and North Canterbury would all be halved from two down
to one now. Canterbury West Coast Secondary Principals Association President
at Rachel Skelton says young people respond really well when
they have people they have relationships with to help them
through their issues. She says the school community and education
offices provide a really vital role in supporting early intervention
(21:30):
as well as de escalation and safety programs. Again, the
key issue here is this lack of consultation. Burnside High
School Principal Scott Haines, for example, says schools should be
a natural point of consultation for this kind of decision.
Speaker 2 (21:45):
How's your weather, Claire, fine, A bit of.
Speaker 14 (21:48):
High cloud, a little bit of frost about this morning too.
Otherwise northeasterly is fresh and high of seventeen.
Speaker 2 (21:54):
You have a great day.
Speaker 3 (21:55):
I've been absolutely frothing to get to Max Max. Good morning,
Good morning, big first mayoral debate in Wellington, popcorn out,
We're really what happened?
Speaker 12 (22:06):
Yeah, we did say it could kick off and it
did a little symptomatic of the city right now, perhaps
a shamozzle for a time. At this debate last night,
the first mayoral debate of the election campaign. It was
a panel of five. There are more mayoral candidates, but
some could make it, some weren't invited. Counselor Diane Calvert,
for instance, was sick, but you still had Andrew Little there,
(22:27):
Ray Chung and a few others talking rates, councils, spending,
the Golden Mile, etc. But that disruption came in the
form of former councilor Rob Golden, who is also running
for mayor, trying to barge in to the venue because
he wasn't included arguing with organizers berating stuff at Victoria
University's law school, eventually getting himself barred while complaining about
(22:48):
the collapse of democracy or something. Perhaps a bit of
a stunt, perhaps fair that not every mayoral candidate was invited,
but ultimately yes, descending into chaos at vic Toria University
last night. Also announced last night Worth pointing out a
Wellington assigned a friendly city agreement with the Palestinian city
of Ramala, obviously Palestine experiencing severe hardship at the moment.
(23:12):
Mayor Tory Finos says this is a powerful symbol of solidarity, goodness.
Speaker 3 (23:16):
May all right, we'll look forward to the next debate.
Speaker 12 (23:18):
How's the weather, Yes, perhaps more people invited, perhaps not cloudy?
Period's north least fourteen the high central.
Speaker 3 (23:24):
Thank you very much, and nevas that are here in
Auckland with me, Hey Neva, good morning. A flyover for
Auckland's Eastern busway opening October.
Speaker 9 (23:32):
Now this could be breaking news five months ahead of schedule.
Speaker 2 (23:35):
When does that happened in Auckland?
Speaker 3 (23:37):
Never exactly so.
Speaker 9 (23:38):
This will create a direct connection between Puckadunga Road, Puckadhunga Highway,
now the flyovers expected. This obviously will reduce congestion around
the town center, which contains one of New Zealand's busiest intersections.
So Auckland transporters warning look there will be lane reductions
in the area between September twenty October twenty four. The
busway is expected to be for by twenty twenty seven,
(24:01):
so this is just a flyover that's going to be
open in October.
Speaker 3 (24:05):
Also, very good, great news and weather today cloudy.
Speaker 9 (24:08):
We've got a few shells as well, a little bit
warmer today. Sixteen is high here in Auckland.
Speaker 2 (24:13):
Beautiful.
Speaker 3 (24:14):
Have a good one, nev It is just gone eighteen
minutes away from six here. On news talks, thereb lots
to get to Katie Fisher out of America for US.
Next whit COF's over in Moscow. This is Trump's guy.
And there's been a shooting on an army base. One
of America's biggest army base is actually in Georgia. Reportedly
five soldiers have been shot. At this point, we'll get
(24:34):
an update on them next.
Speaker 2 (24:36):
News talk ZB.
Speaker 3 (24:38):
Smart property investors think in decades, not years. Building a
strong property portfolio takes time, and it takes the right
financial partner as well, and that's where A and Z
comes into the equation. They're passionate about empowering Kiwi property
investors to achieve their ambitious long term property portfolio goals.
Whether you're getting your first investment property or you're diversifying
(24:59):
in a sta bablished portfolio, A and Z delivers the
specialist support and the financial solutions that you need. And
big news for investors this morning, am Z's introducing a
ten year interest only repayment on home loans that could
help you manage your property investment strategies. For some investors,
choosing interest only repayments could unlock portfolio advantages and prove
(25:20):
your cash flow position. Potentially, you could maximize your tax
benefits too. Am z's mobile mortgage managers bring deep market knowledge,
innovative thinking, and competitive rates to client relationships. A and
Z provides the financial financial foundation that could help you
build a property investment portfolio, not just for now, but
for the long run. Search A and Z Property investment
(25:41):
to find out how A and Z can help you.
A and Z lending criteria, TS and season fees apply.
A minimum thirty percent deposit may apply for property investment.
Speaker 1 (25:48):
Lending international correspondence with Nzen Eye Insurance Peace of Mind
for New Zealand business.
Speaker 3 (25:55):
Finished shooting on an army based in Georgia and the
United States.
Speaker 2 (25:58):
Katie Fishes are correspondent. Katie. What's the lightest with this?
Speaker 6 (26:02):
Yeah, well, we've been told that the lockdown has now
been partially lifted at the Fort Stuart Hunter Army Airfield
in Georgia, just south of Savannah. We understand that a
gunman was apprehended about forty minutes after authorities were initially
alerted to this, and that five soldiers have been shot.
(26:24):
They were treated at the scene and they've now been
taken to an army hospital, although the base hasn't said
what the nature of their injuries is, but there have
been at this stage no fatalities. They also didn't provide
any information about the suspect who is now in custody,
but they did say there's no active threat to the community.
(26:46):
And as I say, that lockdown has been partially lifted
except for the area where the shooting specifically took place,
which is now being an active crime scene. So clearly
very worrying for all those involved. The discussions now about
whether this was somebody who came from outside the base
to commit this shooting, or whether it was an insider
(27:09):
someone who already was based on this base. Eight eight
hundred people live and work there, so there are a
lot of people.
Speaker 3 (27:17):
Mass of one of the biggest ones apparently now Wick,
Coffs and Moscow obviously. And now Trump's going after India
with an additional twenty five percent tariff for buying Russian oil.
Speaker 6 (27:29):
Yeah, that's right. He announced today that he's now going
to double tariffs on India. The initial twenty five percent
tariff that was already on the country will go in
to will t take effect from tomorrow, which was when
those his last postponement comes back. They all go in tomorrow.
(27:50):
Then in three weeks time, he's saying there will be
another twenty five percent tariff because he said that they
are trading they're buying cheap oil from Russia, which is
propping up Russia's war efforts in Ukraine, and then they're
also using some of this oil to make products that
are then selling out to the rest of the world.
He says that it's unfair and he wants to punish
(28:13):
them for doing that, and this does kind of tie
in to Steve Witcoff's visit to Moscow today, that is
Trump's special envoy in Moscow meeting Russian President Vladimir Putin
to talk about an end to this war. Donald Trump
has put a deadline of Friday to say that Russia
must stop its war in Ukraine all face further sanctions,
(28:34):
and these sanctions could include what he's calling secondary sanctions,
which is sanctioning countries who buy cheap Russian oil. Already,
he's decided that India is going to be punished for this,
but there are other countries like China and Turkey who
also buy this oil, and his hope is that by
punishing them and stopping them from perhaps buying it, it
(28:55):
will damage Russia's economy even more. But you know, this
is Donald Trump done. It's not Friday yet, so we
don't actually know what's happened coming out of the meeting.
It was just kind of that the lines were very
useful and constructive, but certainly no definite yes, you know,
a definite end to the war or definite sanctions.
Speaker 3 (29:15):
And he hasn't actually put the tariffs on yet. That's
still to come to Katie Fisher, our US correspondent. Thanks
so much for your time. Just gone ten away from
six Bryan Bridge. TiAl texts are out. Road user charges
are in for everyone. The government scrapping the two tier
system where petrol drivers paid at the pump, diesel and
EV's paid per kilometer though not their fair share, and
the new system will be electronic and reflect our changing
(29:37):
vehicle fleet according to the government. Justin ti Umbers is
the National Road Carrier Association CEO. Justin good morning, good morning, right,
what are truckies? And I know people don't like that
term anymore, but what do they think of it?
Speaker 2 (29:48):
What does it mean for them?
Speaker 10 (29:51):
Yeah, look, I think what it means ultimately for yeh truckees,
road transport operators is going to be that we'll get
our roads paid for in a better way than what
we are at the mind. So there's a big leak
in the bucket, Ryan, and that's you know, we're just
not bringing in enough from the current system, from the
fuel tax at the pump. The numbers billions actually in
(30:11):
terms of what we're behind for what we need to
maintain our current network and hopefully build some better roads.
So no road freight industry will be pleased with us.
Speaker 3 (30:20):
Change does it make it cheaper for road freight.
Speaker 10 (30:26):
Look, we want to see the network paid for in
a fair share. And what happens when you move to
ruckers the road user charges. You start paying by weight
and distance traveled, which is actually fairer than paying for
what you pay for it the pump, because that just
depends on how efficient your petrol engine is. So road
freight will continue to want to pay for their fair share.
(30:48):
But absolutely plugging this gap, we've got cars that aren't
paying for the fair usage that will certainly make it better.
Speaker 3 (30:57):
None of this is coming until twenty twenty seven the earliest.
Should the government be making it more of a priority.
Should it be happening sooner than that?
Speaker 10 (31:07):
Yeah, you could argue that the challenges I guess is
that the government of the Crown is having to put
in grants, taxpayer money is having to go in to
prop up maintaining the road network. So certainly we need
to get on with it. That said, it's a once
and fifty year change. Every country around the world's actually
facing this problem where you've got evs and far more
(31:30):
efficient petrol engines just reducing how roading's paid for. New
Zealand's actually and We're in quite a good position because
we're world pioneers in road user charges. We were the
first to bring it out in the late seventies. We're
still a world leader on it with electronic ruck for
how trucks pay for it, so we're actually in quite
a strong position compared to other countries.
Speaker 3 (31:52):
Justin great to have you on the show as always,
Justin timba's National Road Carry Association CEO. Here on News
Talk CB, I've got a story about one hundred out
of South Africa.
Speaker 2 (32:00):
Well it's a shocker actually.
Speaker 3 (32:02):
And also the cyclists are not paying anything for road
user charges, and I just wonder whether you think they
should be and in fund their own cycle ways.
Speaker 2 (32:12):
Wouldn't that be lovely?
Speaker 7 (32:14):
Seven away from six the news you need this morning
and the in depth analysis earlier this year with Ryan
Branch and ex Bowl Insulation keeping Kiwi homes warm and
dry this winter News.
Speaker 3 (32:26):
Talks, he'd be five to six on news Talks, he'd
be So there's the hunter from America. I was mentioning
earlier about hunting for buffalo in South Africa over the weekend,
stalking a cape buffalo, apparently one point three ton cape buffalo,
tracking it through the wilderness and thing turns around and
kills him. The hunter becomes the hunted. No species on
(32:47):
the planet apparently has a more fearsome reputation than a
cape buffalo. It will happen in a couple of minutes.
Families devastated. This guy, by the way, normally because it's
all over social media now, but normally he is out
hunting mountain lions and deer and decided to go for
a buffalo.
Speaker 2 (33:04):
Didn't work out well. Five to six. Mic is in
the studio now, Mike, good morning.
Speaker 8 (33:09):
Greeting's Ryan.
Speaker 3 (33:10):
Do you think the cyclists because this road user charge's
announcement is exempt of any cyclist having to pay a
road user charge, and we've got so many cycle ways
up and down the country, as you well know, and
they're not contributing anything.
Speaker 2 (33:23):
How would you make them contribute.
Speaker 3 (33:25):
Well, you'd have to put a little bell on them,
a little sticker on the.
Speaker 2 (33:28):
Bike, bell on them. Well, now I've got a bell,
a little sticker.
Speaker 3 (33:32):
On the bike, and every time they go past, there's
a zapping point.
Speaker 2 (33:36):
You've got to electronically do it. You probably should.
Speaker 8 (33:38):
It's not a bad argument because the whole argument is
based on the idea of wear and tear, and so
anyone who wears in tears, which is a bike, a
bike and motorcycles of course at which they do do Yeah, yeah, No,
I've tended to agree it's been an age older issue.
Speaker 3 (33:50):
Because you have all of this infrastructure and they're not
paying for it, correct and some of it's really crap.
So maybe you'd get better infrastructure if they chipped in.
Speaker 8 (34:00):
Do you know who's going to really suffer BEV owners
because on weight, which is what they're going to do
it all Bev's weigh a ton.
Speaker 2 (34:07):
In fact, they're wait two and a half times, so.
Speaker 3 (34:09):
You're going to wake up a better yet that's not anyway.
Speaker 8 (34:12):
That and the Finance Minister and Kayi Belta song in
a checks.
Speaker 2 (34:15):
That have a great day of run for tomorrow.
Speaker 1 (34:22):
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