August 18, 2025 • 34 mins
On the Early Edition with Ryan Bridge Full Show Podcast Tuesday 19th of August 2025, Trump is meeting Zelensky and EU leaders at the White house to discuss peace talks, US Correspondent Nick Harper has the latest.
Forsyth Barr analyst Matt Montgomerie shares his thoughts on A2 Milk posting a $200 million profit and purchasing Yashii NZ's plant in Pokeno.
The Government's made some changes to building consents, Certified Builders CEO tells Ryan about the difference it'll make.
Plus Australia Correspondent Lesley Yeomans has the latest on Qantas now facing a $90 million penalty for outsourcing ground staff during Covid.
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Episode Transcript
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Speaker 1 (00:01):
The issues, the interviews and the insight. Ryan Bridge on
earlier edition with one roof love where you live news
talks'd be good morning.
Speaker 2 (00:10):
It is six after five year on news Talk, said
be Zelenski is modicators on the move. He's heading to
the White House and we'll be live to Washington, DC
for you this morning. This is showdown number two with Trump, Leslie,
Yeomans and Australia for US shark attack. Another shark attack
in Australia and beaches are closed there. We'll look at
what happened a two milk on the Pocono plant purchase
(00:31):
and should warranties for building work be mandatory? Should we
force them to do it? We look at that this
morning at six after five. The agenda, we'll go at
the White House. We'll give you the rundown. Zolensky goes
in first for talks with Trump, and then you bring
in the rest. The gaggle of European leaders that follow Starma, Macron,
(00:51):
Mertz and the NATO chief Rato will also be in attendance.
But that's after an initial initial bilat with Zelensky and.
Speaker 3 (01:00):
But President Velnski is trying to convey together with the
European partners. Then there are the red lines that they
cannot be on one hand legal recognition of Russian and
next territories. That there also cannot be a withdrawal of
Ukrainian troops from its territory.
Speaker 4 (01:19):
I think there is concern that if things go badly,
it could reach a point of no return really and
a bust up potentially between America and its western allies,
which would be a very very significant situation.
Speaker 2 (01:32):
Right. Li's taking on Gaza Hamas is that to approved
the latest ceasefire plan. This is a sixty day truce
and hostages released in two stages.
Speaker 5 (01:41):
And then there would be negotiations during this period ongoing
for a permanent end to the war. That was the
proposal put forward by Steve Wikoff earlier this year. We
understand from Palisinine officials familiar with the talks that it
is the proposal that has formed the basis of what
Hamas agreed to today.
Speaker 2 (02:02):
You can't help but feel a bit groundhold day about
all of us, can you? With ceasefires and then Seasi
is broken and then we're back to negotiating tables, but
talks of talks. The Cambridge Dictionaries added more than six
thousand new words this year, or at least that's what
it's calling them. New words include skibbidi, skibbity this is
thanks to a bizarre YouTube trend, and delully an abbreviation
(02:25):
of delusional. My grandma used to say, do lali, but
there you go. Delully is now an official word. A
delulu rather, and trad wife this is your old schoolhousewife
who cooks and cleans and posts on social media.
Speaker 1 (02:38):
The first word on the News of the Day early
edition with Ryan Bridge and One Root Love where you
Live news.
Speaker 2 (02:46):
Talks that'd be I wouldn't mind meant a tradwife. Myself
looks quite quite chilled, doesn't it. I mean you've gotta
have babies. I suppose that's the only thing just got.
Nine minutes after five news talks, there'd be Arnzed is
running as stories at the moment about a guy who
reckons that a particular ethnic group should get automatic citizenship
to this country, even if they're born overseas, and even
if their parents were also born outside New Zealand. This
(03:10):
guy is Marty. He has Marty ancestry, but himself he
was born in Australia. His kids, they were born in
Hawaii and he decides to move to New Zealand with
them and says, because they have Marty ancestry, they should
automatically be given citizenship. He shouldn't have to go through
the process. In other words, you know, not jump through
(03:32):
the hoops that everybody else would have to jump through
to apply for citizenship. And I was thinking about this
driving into work this morning, because it seems it seems
a little unfair. Aren't we all Kiwi's or not Kiwi's
based on where we're born and where our parents are born.
If a parent is a Kiwi citizen, then the kids
can become citizens too by descent. Right. You've got to apply,
(03:55):
but it's pretty much a foregone conclusion. But in this case,
he's not. He's applying for residency himself, so he's not
a citizen. And this is interesting because I'm a dual citizen.
I have an Irish passport. My parents weren't born in Ireland,
but my grandfather was and he sailed here to start
a life in a family and a business, et cetera.
(04:16):
So I have an Irish passport, but my parents weren't
born there, so there is precedent for the test going
back further. I your grandparent was Kiwi, then doesn't matter
whether you where your parents are born. You can get
an open door, welcome kyolder come through the door. But
what this guy is asking for is not that, because
(04:38):
that applies to any Irish citizen. It's based on not
based on on blood or ethnicity. Surely, if you want
to change the rules to make the tests go further
up the family tree, then fine, but you can't. Surely
you can't do that only for certain ethnicities. Government made
(04:59):
some big well announced some big changes and won't happen
to the middle of the next year. For building, what
does this mean if you're going to build a house
and you're going to pick a builder, what does this
mean for you? And should they be forced to get
warranty industry backed warranties and insurance. We'll look at that next.
News Talk ZB.
Speaker 1 (05:19):
Get ahead of the Headlines on early edition with Ryan
Branch and one roof Love Where You Live, News Talks B.
Speaker 2 (05:27):
Five perteen on News Talksbill Get to your texts in
a second. Freightways had a good result, well, a solid
result yesterday. They're cutting down debts, their margins are up,
their market share is up there year to June. This
is versus the year prior net profit eighty million. That's
up from seventy point nine revenue one point twenty nine billion,
that's up from one point two to one billion. The
year prior final dividend for your shareholders twenty one cents
(05:50):
per year v. Nineteen cents per year. It's courier's post
taste distribution, big chill distribution. You might have seen those
trucks around, so they've done well given the circumstances that
we're in, and I'll have more on that later in
the show too. But lower debt means you're not paying
as much interest, does it, which is always good for business.
(06:10):
We'll look at a two milk just before around five
twenty this morning too, Just gone fourteen, after local councils
set to save some cashes, the government scraps building consent rules.
Building Minister Chris Penk says councils are reluctant to grant
building consents because they're the ones responsible to pay the
building owner if a construction company goes bally up. Now
each party is liable for only the work that they
(06:33):
were responsible for. That's the change they're pushing for it's proportional.
Malcolm Fleming, Certified Builders CEO with me this morning. Malcolm,
good morning, Good morning Ryan. So what proportion of builders
do you recton currently don't have aren't covered by a
warranty like an industry backed warranty, or have insurance.
Speaker 6 (06:53):
So if we look at the minister's announcement, he talks
about exploring two things, professional and dimly insurance and home warranties. Now,
professional insurance and demanly insurance is covered by what is
available to the architects, the quality surveyors, the engineers, et cetera.
That's already in the market. The piece that he's looking
at is home warranties and that is provided by a
(07:18):
portion of the market. And so also insurance is a
guess probably about sixty percent of the market is covered
by it.
Speaker 2 (07:26):
Right, So for the other forty percent, if something you
know of my wall caves in, what happens.
Speaker 6 (07:34):
For those who are not covered by it? They're left
to the homeowners, therefore dealing the builder if they're around,
getting them back to fix it. If they're not around,
they got a longer term problem.
Speaker 2 (07:44):
So this is looking to go to proportional so whoever
did it badly pays for it their share of that.
Is that a good one?
Speaker 6 (07:53):
Correctly?
Speaker 2 (07:53):
Yes.
Speaker 6 (07:54):
At the moment, we've got joint and several so everybody's
bound together to take one hundred percent of the loss
in the case of an issue arising on a building project.
So if, for example, when a claim comes forward, if
one of the player is not there and it could
be the architect, it could be the builder, the rest
of those, including the council, needs to pull together to
(08:17):
cover that's part of the claim where the builder or
the architect, whomever is not there. What this talks about
is making it very clear that the assessed proportion which
is liable to each party is a tribute to each party.
It must be met byage party. The piece that's been
missing over the decades that this has been running is
(08:39):
the building warranty insurance. Builders can't keep professional indemnity insurance
which covers all their projects. So a build consumer product
like a guarantee which applies to the house is the
best way forward. And the good news is that there's
those products here in the market. There is the Association
backed to Get guarantees NGCB, new ZULM, CIFI, builders how
(09:03):
to guarantee, and the master will guarantee for the master builders.
And there's also an insurance product out there as well
for building garranty insurance.
Speaker 2 (09:10):
Malcolm. The Aussies went proportional in the nineties and they
mandated these warranties that you're talking about. If we mandated
them here, would that mean we're going to pay more
for our building work, our housing.
Speaker 6 (09:21):
So they mandated in Australia and that's the key. The
insurance must be mandated. It will be a cost that
gets passed on for homeowner. To give some context around that,
say for a five hundred thousand dollars renovation, which is
pretty standard these days, the cost of a guarantee product
is in the order of fifteen hundred dollars. If you
(09:42):
don't mandate it, it won't be picked up and there
won't be any cover there for the homeowner in case
things go wrong.
Speaker 2 (09:49):
Roger Malcolm got that. Thank you. Malcolm Fleming, Certified Builders,
Chief Executive. Eighteen minutes after five nine two ninety two
is the numbers text, Well, look at a two milk
next on.
Speaker 1 (09:59):
Your ready and online. On Iheard Radio Early edition with
Ryan Bridge and one roof love where you live, news talks, there'd.
Speaker 2 (10:08):
Be five twenty on news talks. Hed B I can
confirm to you from Washington, DC that Zelenski and Trump
are sitting down together in the Oval Office. They are
just taking photos with the press at the moment. They
will then get down to talks and they will talk
for an hour or two at all. JAD advances in
the room. Look out, says Marco Rubio. That all, and
there's Heggseeth and there as well a bunch of reporters
(10:29):
that oh, they're asking questions already, So straight into it.
We'll bring you the latest from the White House as
it comes to hand. Course, and after all of this,
after the by letter, you have a multilateral where the
European leaders A will come in and have their say.
Two twenty one, after five good day for a two
milk shareholders. Company posts two hundred million dollar profit for
(10:51):
twenty five announced they're getting ready to turbocharge production. This
is the purchase of a plant in Pocono. This is
for three hundred million bucks. Pocono, PA has two registrations
to sell infant formula in China. This isn't clearly an
area that a two seeds is a growth market. Matt's
Montgomery is for sith By analyst with me this morning. Matt,
good morning, good morning, great to have you here. This
(11:14):
market reaction, some strong results for them, and also a
lot of trust in their management here obviously.
Speaker 7 (11:21):
Yeah, that's right. I think in the context of numerous
New Zealand corporates over the last couple of years a two,
it has stood out, I mean consistently exceeding expectations despite
operating in what is a relatively tough in formula market
in China. And you know, the decision yesterday to acquire
the Plants and Pocono sort of one quite big step
(11:45):
in continuing that growth pathway.
Speaker 2 (11:48):
You said, it's a tough market for infant formula in China,
they've got an aging population. Is this a growth market?
Speaker 7 (11:55):
Well, the market itself is flat to slightly down the time,
but birth rates did increase last year, so you're seeing
a little bit of an air pocket of growth in
the very short term. But Eights have been taking markets
share consistently across both their Chinese and English label formula products.
So the market itself is relatively challenging, but their execution
(12:21):
has been very impressive for a few years.
Speaker 2 (12:24):
Now, can you sell milk to the old and aging population?
Speaker 7 (12:29):
Well, yeah, they have been diversifying the business. So if
you think back five years ago, it was principally an
formula play in China, but they have been diversifying the
business into other nutritionals. So that selling senior milk powers
and that's been a division growing at sort of thirty
percent plus. So you're trying to stretch the brand, I
(12:51):
guess if you will into other skews smaller today, but
you have another small growth angle for the business.
Speaker 2 (13:00):
Trunk of change they paid for Pocono.
Speaker 7 (13:03):
Yeah, two eighty two as it value is around two
point fifty. But you know, the company reported net cash
of just over a billion dollars yesterday, so they haven't
been short of change, and that's allowed them to return
a three hundred million dollars special dividend to shareholders yesterday
and we see the scope for more distributions to shareholders
(13:25):
over the next few years. So yeah, the free cashlor
generation and the business over a long time's allowed them
to be in this position.
Speaker 2 (13:32):
Good to see an ambitious company well run.
Speaker 7 (13:35):
Yes, indeed, management's doing a good job.
Speaker 2 (13:37):
Matt, appreciate your time. Matt Montgomery for sith Bar Senior
ans with me on A two this morning twenty four
minutes alfter five year on News Talk sad B. So Yes,
Trump Zelenski are at the White House. Will cross to
Nick Harper Future Story News. He's in Washington, DC, he's
our man, He's with us before six o'clock this morning.
We'll also get to Australia next though. I'll give you
an update on just a few things the government's doing
(13:58):
that they probably shouldn't.
Speaker 1 (14:00):
The early edition full show podcast on Ihart Radio Power
by News.
Speaker 2 (14:04):
Talks B News Talks B. It is twenty six minutes
after five. This coalition needs to tighten its agenda as
well as it's belt. In the last week, we've had
a smorgas board of small, seemingly minor stories hitting their headlines.
You know, helmets or no helmets for cyclists, for goodness sakes,
which name comes first on the cover of your passport,
(14:27):
a ban and then a reversal on a ban on
marshmallows and hot chocolates from the coffee machine at hospitals.
Not a single one of these stories is significant on
their own in and of themselves, but the kind of
stories that people remember because they either make no sense
or they appear to be a colossal waste of time.
Most working families can't afford to even use their passports
(14:50):
right now a Hawaiian holiday. No, the only ones actually
dusting off their passports right now are probably moving across
to the ditch across the Tasman. Is this the stuff
that your average punter wanting to feed their kids actually
cares about? The answers, of course, No. The Clark government
got bogged down by a bunch of these silly little things.
(15:11):
I think size of shower heads, size of light bulbs,
Remember that fiasco. Instead of asking officials where the little
Johnny should be allowed to ride a bike without a helmet,
something that no decent parent would allow anyway, why not
keep your eyes on the big stuff. No shortage of
that around. Yesterday Fitch warned our Doba plus credit rating
could be at risk if we get slack on fiscal discipline.
(15:33):
If we see a further correction in the housing market,
which isn't completely off the cards, we see employments spike
up again, also not out of the woods yet. Come on,
we have big fish to fry. It's not that this
coalition is not focused on these things, of course, certainly
more focused on them than the last one. It's just
that there's a bit too much noise around on little
(15:54):
things that don't actually matter to the swinging middle that
national needs if they want to finish the big jobs
that they've set out to achieve. Distraction is the enemy
of progress. Passports and helmets are distractions, and lately there
have been a few too many of them. You're on
news Talk, said b Right now, Donald Trump and lotimeres
(16:16):
Lensky is sitting side by side in the Oval office
in the White House and taking questions from reporters. We'll
have the latest, of course news coming up shortly, and
we'll have some audio for you after that. We're also
going to speak to our reporter Nick Harper. He's feature
story News in Washington, DC this morning about exactly what
they're going to be discussing, what's on the table, and
the initial reactions to their comments that have been made
(16:39):
this morning. Some interesting numbers. Do I have time, No,
I don't. I'll give it to you when I get back.
This is from the services sector yesterday makes up two
thirds of our economy. Actually, I can do it now,
makes up two thirds of our GDP the services sector,
and we had remember a good manufacturing number. On Friday,
we had positive of we're in growth territory manufacturing wives
(17:02):
for July fifty two point eight. That's expansion territory services
sector yesterday, big chunk of the economy.
Speaker 8 (17:08):
July.
Speaker 2 (17:09):
Well, we're still going backwards but slowly improving forty eight
point nine. Remember you've got to hit fifty to be positive,
so that is good news. To get the growth that
the Reserve Bank reckons we're going to get. They both
need to be hitting fifty three, so we watch these closely.
You're on news Talk, said B. Twenty nine after five.
Speaker 1 (17:35):
Views and views you trust to start your day. It's
early edition with Bryan Bridge and one roof love where
you live.
Speaker 2 (17:43):
News Talk said B. Good morning, it is twenty four
away from six. It is Tuesday. You're on news Talk,
said B. Great to have your company coming up in
the next week. While we'll look at the Fitch on
our credit r This is for our government credit rating
here in New Zealand, Australia. There's a shark attack. We'll
(18:04):
talk to Leslie Gooman about that. And our correspondent is
in DC for this Trump Zelensky meeting. They are currently
sitting together in the Oval office smiling, so very different
from last time. There are smiles on their faces this time,
which hopefully is a good sign. This is what they've
had to say so far.
Speaker 1 (18:22):
We had a good meeting, as you know, just as
shured while ago, with the President of Russia.
Speaker 2 (18:26):
And I think there's a possibility that something could come
out of it, and today's meeting is very important. Now
Zelensky is asked by a reporter would you consider seeding territory?
All the European leaders are outside by the way waiting
to come in, so they have a bilap first and
then you bring in your gaggle of Europeans. So he's
asked directly by a journalist, would you consider seeding territory
(18:48):
if it means you stop the war with Russia? And
he said, we need to stop the war. We need
to stop Russia. So there's wriggle room there. Clearly. I
spoke yesterday to Vasil marosian Chenko, this is the Ukrainian
investador to New Zealand, about this issue of don Bas.
You know, would you give up that territory? His answer
was interesting.
Speaker 9 (19:06):
That charritory can end up under the Russian occupation which
will never be recognized by Ukraine or anybody else. That
it cannot be seated as a sovereign territory in Russia.
And that's very important to keep it in mind. As
you remember Baldic nations, Lithuania, lot To in Estonia, they
were under the Soviet occupation for fifty years. They had
(19:27):
their own governments in place, and they were never recognized
as part of the Soviet Union. So we may end
up having a similar arrangement.
Speaker 2 (19:37):
So you could, in other words, you could without seeding
the territory allow it to be under Russian occupation. Twenty
two away from six Ryan Bridge. To our reporters around
the country, Callum Procter and needing for us this morning, callen,
good morning morning. Right, brewers could soon be making a
beer faster.
Speaker 10 (19:55):
Yes, great news for brewers and beer lovers. This is
a study out of Otaga University which is discovered that
playing white noise can reduce the fermentation process by up
to thirty one hours and it doesn't affect the flavor
of the beer either, So fermentation can take on average
between five to seven days. Associate Professor Grahmy is As
(20:15):
told us these findings could have a substantial impact on
the beer industry because he says time is money, and
so anyway to speed up this process is good news
for brewers if.
Speaker 2 (20:25):
They make it faster. Does that mean we need to
drink it faster?
Speaker 10 (20:28):
I think that's what it means.
Speaker 2 (20:30):
Good, good, good. How's your weather.
Speaker 10 (20:33):
We've got few showers, snow flurries to four hundred meters
on the hill, so there's a road snowfall warning for
our Northern Motorway this morning.
Speaker 2 (20:39):
Strong southwesters and nine the high Thanks Cullum players in
Christ Jay Clear, good morning. Lincoln University got some complaints
about its dairy farm.
Speaker 11 (20:49):
Yeah, this comes from animal advocacy groups SAFE. They've released
some footage from the Lincoln Uni farm which they say
was filmed last week and shows cattle suffering and living
in squalid winter conditions. We've seen the footage among several
different things going on on the farm. There are images
and pictures there of calves sort of piled on top
of each other into a trailer. There's a mother cow
(21:11):
being chased by someone on a quad bike. SAFE says
that that person is driving at the animal quite aggressively.
There's also animals standing out in quite thick deep mud.
Now I guess the reality of this is that an
MPI inspector went out and visited the farm on Friday,
that was the day of the complaint. They say they
found no significant concerns. However, Lincoln Uniprovost Chad Hewitt says
(21:35):
while the MPI action found there was nothing that they
needed to do, they are going to investigate the issues
that have been raised. Nonetheless.
Speaker 2 (21:42):
All right, how's your weather today?
Speaker 11 (21:43):
Clear, miserable and pouring with rain this morning, some snow
falling above four hundred meters but easing, two showers a
bit later south east and a high of eight nice one.
Speaker 2 (21:52):
Max Is and Wellington bidding farewell to the outer Teddy Max.
Speaker 8 (21:56):
Yeah, it's now retired, likely to be sold to some
poor third world country where it can break down on
them and not us. The big thing obviously is losing
that rail compatibility for a few years and freight having
to adapt. But yeah, the Aratelli making its final cook
straight crossing yesterday. Our newsrooms are Ethan Mania, I believe
was flown to Picton and came back on the boat.
(22:19):
He covered the affair the captain apparently very prolific on
the tannoy cracking jokes. Reflecting on the ferries twenty six
years of service, spoke to a few employees taking voluntary
redundancy as well, who were a little more nostalgic. It
wouldn't have been a fitting final voyage without a few
hiccups a minor medical emergency. Apparently the Blue Bridge arrived
late in Picton as well, which delayed departure by a
(22:41):
short time. Infrastructure work can now begin. That means Picton
Wharf being demolished, making way for a report that can
handle these bigger rail enabled boats that are coming in
twenty twenty nine. Cook Straight crossings will be a little
stretched for a while. The penalty fees, of course for
Labour's prior deal a thing of the past, now appear
of make do.
Speaker 2 (23:01):
Yeah, and then there were two Good luck getting across
the Cook Straight. How's your weather?
Speaker 8 (23:08):
Cold and wht showers and strong southerlyes ten the high
central nighte time.
Speaker 2 (23:11):
Thanks Max Neva's here in Auckland. Hay Neva, good morning.
Speaker 12 (23:14):
I'm distracted by this hum in the studio.
Speaker 13 (23:16):
Can you hear it?
Speaker 2 (23:16):
Yeah? I can hear it. I will well, I was
trying to ignore it. Okay, it's been there for five
to seven minutes. It suddenly came on and I don't
know what to do about it. So I've just been
ignoring it.
Speaker 12 (23:27):
Oh sorry, I should ignore it too, but you know me,
I so where is it coming from? I shall try
and get to the source.
Speaker 2 (23:33):
Of it completely throwing, aren't you. Oh look, Glen, I
think Glenn's moving into actually good Auckland Council and the
officials there want to concentrate housing around city centers and
around your big arterial roots.
Speaker 12 (23:44):
That is correct. So what's happening is then on Tuesday
the council is going to address the proposal, because yeah,
it wants to do away with the three story developments
in suburban areas, so the areas would maintain their single
home character with ten story and fifteen story developments playing closer.
You're quite right to town centers and transport stations. Simon
(24:05):
Wilson The Herald. Simon Wilson, he's on the case, said, look,
Auckland could look very different with arterial roads like as
you say, Great North Road entirely just lined by apartment blocks.
Speaker 2 (24:15):
I had a bit of a mingy afternoon yesterday on
the phone to Auckland Council. Did you so I park
my car out on the street of my You know,
I don't have a garage that I can put it in.
Speaker 10 (24:25):
That's right.
Speaker 12 (24:25):
I heard about that, which.
Speaker 2 (24:27):
Mike Costing thinks. It just makes me put it's your garage.
It's your garage with your carpet and your garage. Anyway,
so I went I rang the council because they keep
giving us a ticket even though I've got a permit
to park on the street by ticketing the car, and
I said, hey, you know this is the second time
it's happened. We've written in a letter. Oh well it's
now in process, you said, so you've got to wait
(24:47):
fifteen days from when you sent the letter. And I'm like,
but you can see I've got a permit. Yes, we
can see, you've got a can't do anything completely says
now really yeah, very annoying.
Speaker 12 (24:56):
So why is the computer saying no? Did they find you? Like,
is there a fine?
Speaker 2 (25:02):
Fine?
Speaker 13 (25:02):
How much?
Speaker 2 (25:03):
Twenty dollars each time?
Speaker 12 (25:05):
And it all adds up?
Speaker 13 (25:05):
So what are you up to?
Speaker 12 (25:06):
Two thousands?
Speaker 2 (25:07):
No, No, forty has happened twice. Oh that would rip you,
but you write the letter for the first fine And
she said, have you written a letter for the sing fie?
I said, well no, because they should work out from
the first one exactly second one wasn't needed. Oh that's
my complaint.
Speaker 12 (25:24):
And the studio is nothing compared to that.
Speaker 2 (25:26):
I wonder. I'm not worried about it. How's our weather?
Speaker 12 (25:29):
Shells possible thunderstorms and nail?
Speaker 2 (25:32):
I have important things happening in my life, Neva, Okay,
I'm going. Can I just say, by the way, for
the utter teddy from one ferry to another, hiattor deafit
all days just around the corner. Put it in calendar Friday,
August twenty nine. This is a chance for us all
to support the one and three kiwis affected by cancer.
(25:54):
That's why a in Z has been such a proud
partner of the Cancer Society, and they've been doing that
for now for twenty five years. They stand with the
community and supporting the important cause this Deafitil Day. Your
donation helps provide vital care to transport, treatment, nurses, accommodation, counseling,
all that good stuff. It also supports prevention programs and
(26:14):
research helping to improve outcomes for future generations. So we're yellow.
Buy a daffodil, show you support on Defitil Day. Now
if you can, you can go one step further and
actually make a donation, because every deafitile dollar gets you
a kid increases the amount that goes to these kids'
kindness counts. It's about care, it's about hope, it's about
(26:38):
standing with those who need it most. Let's make every
daffidil count With an Z text donate to three four
nine three to make an instant three dollars donation to
the Cancer Society.
Speaker 1 (26:49):
International correspondence with NZ and Eye Insurance, Peace of Mind
for New Zealand business.
Speaker 2 (26:55):
You're on newsbalk B thirteen minutes away from six. We'll
get to Washington and just a second first, Leslie Omen
with us from Australia. Good morning, Good to have you
on the programmer. As always, thank you. Quantus to face
a pretty hefty fine. This is for outsourcing ground staff.
Speaker 14 (27:10):
This long running dispute, very long running, yes, massive fine.
Said to be the largest case of illegal sackings in
Australia's history. Just to give you a small background, Back
in twenty twenty, during the COVID pandemic. Quantus made the
decision to outsource its ground handling staff, which included baggage
handlers and cleaners and the like. Now then come forward
(27:35):
a little bit and the Transport Workers Union decided that
they would take Quantus to court and sue them for
that illegal sacking. So that's what happened. And earlier this
year Quantus was found guilty of the illegal sacking of
all those workers. Now come to yesterday and the Federal
Court has decided that Quantus will be fined ninety million
(27:59):
dollars for those illegal sackings, and fifty million of that
will be going to the Transport Workers' Union for the workers.
Or that's what Justice Michael Lee has suggested happen, and
the other forty million will be to sell. What happens
with the other forty million will be decided at a
later date.
Speaker 2 (28:18):
This Sharkiteck now the beach closed. Now the shark Aitek,
New South Wales.
Speaker 14 (28:22):
Yes, the second one in the roughly a month. What
happened was yesterday morning early Brad Ross was out serving
at Cabareta Beach. It's a beach between Tweedheads and Byron
Bay and northern New South Wales and Brad found that
he had an unwanted visitor, and that unwanted visitor was
(28:43):
a large great white shark, probably about four meters, and
it decided that it took a liking to his board
and chumped it in half, left a massive bitemark out
of the board which was now in two. And unfortunately
he wasn't hurt. He was able to get back back
to shore. But these borders a lot.
Speaker 2 (29:05):
Thank god, Thank goodness, Leslie, thank goodness he is okay.
I did see his borden. You right, there's a giant
chunk out of it. I wouldn't be getting back in
the water. Thanks for that update, lizzliey Oomen's Australia correspondent.
Just gone ten to six, Ryan, So to the White
House we go. This is sitting on the sofa, Zelensky
and Trump together. So far all smiles, no shouting. Trump
(29:25):
says he will call potin after the meeting. The European
leaders will join later joining us. Nick harp a feature
story news correspondent in Washington. Good morning, Good.
Speaker 10 (29:35):
Morning, Ryan.
Speaker 2 (29:35):
So what's so far so good?
Speaker 15 (29:38):
Well, yeah, so far so good. I mean the wheels
didn't come off in the way they certainly did in
that February meeting where they were shouting at each other,
where the Ukrainian delegation was ejected from the White House early.
They managed to get through that meeting in Theory. They
go behind closed doors. There could be some tension there,
but so far it all seems to be going quite well.
Speaker 2 (29:58):
What's he said about if they mean territory, have they
mentioned another meeting?
Speaker 15 (30:03):
Well, I think that is what's going to get hashed
out later on, first of all between Donald Trump and
President Zelenski and then that multilateral meeting in Theory in
about an hour and ten minutes time with the Europeans.
At one point, Zelenski was asked to readily in the
Oval office just a moment ago by a reporter, are
you going to redraw the map? He dodged that question.
(30:24):
He said we need to stop the war instead, and
he said he hoped that American and EU partners could
help with that. But I think territory is going to
be a very important part of today. Donald Trump now
seems to be pushing President Putin's idea that Ukraine as
well as giving up Crimea that was annexed back in
twenty fourteen by Moscow also gives up the entirety of
(30:45):
the Dnetsk region, even though Russia hasn't captured all of
that during this three and a half year conflict.
Speaker 2 (30:51):
What about a security guarantee from America? Did Trump given any? Hence?
Speaker 15 (30:57):
Yeah, this is a big one, because Ukraine to join NATO.
Trump and Putin say quite simply, he can't. That's not
something that's going to happen. But there is this suggestion
both from Donald Trump and the Europeans that he might
get security guarantees like the same thing that NATO members
get Article five. So if Ukraine were to be attacked
in the future, the other NATO members would be standing
(31:19):
by ready to defend. But also we heard in that
meeting just now, Donald Trump said that he did want
to be a part of future security guarantees. Unclear what
that might mean, would the US troops stationed in Ukraine
for example? So far, obviously that is a redline for
President Putin. But Donald Trump saying that he wants to
be involved. I guess that's another thing they're just going
(31:41):
to have to hash out today.
Speaker 2 (31:42):
Yeah, absolutely all right, Nick, We'll wait and say. Nick Harp,
a Future Story News correspondent in Washington for US this
morning eight to six. Mike of course will be following
this on his show, and he's with us next the.
Speaker 1 (31:53):
News you need this morning, and the in depth analysis
early edition with Ryan Bridge and One Route where you
Live News Talks.
Speaker 2 (32:01):
They'd be stix away from six News Talks. B I
promise I'll quickly give you an update from Fitch. This
is the rating agency. We're on double A plus at
the moment. Yes, we can keep that rating, Thank you
very much. How do you get an upgrade? That's what
I wanted to know to your triple A minus. It's
like batteries. Basically, you need major fiscal consolidation. That's getting
back to surplus, that's cutting your debt ratio. Nationals doing that,
(32:22):
but it's happening very slowly, and you need to hack
through your current account deficit. Currently we're paying eleven billion
bucks a year servicing debt. That's more than police defense
and corrections combined. Crying Bridge, Good morning, Mike Morning. See
Trump comes out and says, I think to actually get
through this, we're going to need a trilateral meeting.
Speaker 13 (32:40):
Nothing's going to happen today, is it.
Speaker 2 (32:42):
No? But it's good that they're talking. It's good they're
talking about that and not shouting.
Speaker 13 (32:46):
So Zelensky presumably what I guess you want to run
a bet what will happen is that what you think
is going to happen is going to happen. So the
Europeans will get them across the line on crimea court,
whatever you want. They'll give up a slye. Someone will
provides security guarantees, so Russia will be stopped and that'll.
Speaker 2 (33:03):
Be that, and they'll give up a bit of the
nets even though they shouldn't.
Speaker 13 (33:08):
Yeah, well, I mean, what do you want more? See?
The problem with the Europeans is the Europeans, like everybody
is self sensed. Doren't they so as much as they
basically they want to stop Russia, don't they. So Zelenski
wants all his country back, He's not going to get it,
but Russia. Europeans want to stop Russia. They get a
security guarantee and they go to blood. They go, look,
it's just the right hand side of the country. Don't
(33:28):
worry about it.
Speaker 2 (33:29):
Let's move on and something that's got an American backstop obviously.
But the thing about it is that the Europeans, you
have to give credit to Trump forgetting the Europeans across
the line.
Speaker 13 (33:42):
If he gets us across the line, that's a Nobel
Peace Prize.
Speaker 2 (33:44):
I would have thought.
Speaker 13 (33:45):
I would have thought so, along with his eighteen other
wars that he's claiming his solf.
Speaker 2 (33:48):
Just think about where the Europeans were a year, two
years ago under Biden.
Speaker 13 (33:53):
They just got them from two percent to five percent,
drag them into the war, and I mean, you can't
do any more than that, can you?
Speaker 2 (34:01):
Really?
Speaker 13 (34:01):
Anyway, we'll cover this off throughout the morning for.
Speaker 2 (34:03):
Excellent look forward to it. Mike, have a fantastic day, everybody.
It's coming up to six o'clock on News Talk said B.
I will see you again tomorrow from five.
Speaker 1 (34:21):
For more from Early Edition with Ryan Bridge. Listen live
to News Talk shied B from five am weekdays, or
follow the podcast on iHeartRadio.
The issues, the interviews and the insight. Ryan Bridge on
earlier edition with one roof love where you live news
talks'd be good morning.
Speaker 2 (00:10):
It is six after five year on news Talk, said
be Zelenski is modicators on the move. He's heading to
the White House and we'll be live to Washington, DC
for you this morning. This is showdown number two with Trump, Leslie,
Yeomans and Australia for US shark attack. Another shark attack
in Australia and beaches are closed there. We'll look at
what happened a two milk on the Pocono plant purchase
(00:31):
and should warranties for building work be mandatory? Should we
force them to do it? We look at that this
morning at six after five. The agenda, we'll go at
the White House. We'll give you the rundown. Zolensky goes
in first for talks with Trump, and then you bring
in the rest. The gaggle of European leaders that follow Starma, Macron,
(00:51):
Mertz and the NATO chief Rato will also be in attendance.
But that's after an initial initial bilat with Zelensky and.
Speaker 3 (01:00):
But President Velnski is trying to convey together with the
European partners. Then there are the red lines that they
cannot be on one hand legal recognition of Russian and
next territories. That there also cannot be a withdrawal of
Ukrainian troops from its territory.
Speaker 4 (01:19):
I think there is concern that if things go badly,
it could reach a point of no return really and
a bust up potentially between America and its western allies,
which would be a very very significant situation.
Speaker 2 (01:32):
Right. Li's taking on Gaza Hamas is that to approved
the latest ceasefire plan. This is a sixty day truce
and hostages released in two stages.
Speaker 5 (01:41):
And then there would be negotiations during this period ongoing
for a permanent end to the war. That was the
proposal put forward by Steve Wikoff earlier this year. We
understand from Palisinine officials familiar with the talks that it
is the proposal that has formed the basis of what
Hamas agreed to today.
Speaker 2 (02:02):
You can't help but feel a bit groundhold day about
all of us, can you? With ceasefires and then Seasi
is broken and then we're back to negotiating tables, but
talks of talks. The Cambridge Dictionaries added more than six
thousand new words this year, or at least that's what
it's calling them. New words include skibbidi, skibbity this is
thanks to a bizarre YouTube trend, and delully an abbreviation
(02:25):
of delusional. My grandma used to say, do lali, but
there you go. Delully is now an official word. A
delulu rather, and trad wife this is your old schoolhousewife
who cooks and cleans and posts on social media.
Speaker 1 (02:38):
The first word on the News of the Day early
edition with Ryan Bridge and One Root Love where you
Live news.
Speaker 2 (02:46):
Talks that'd be I wouldn't mind meant a tradwife. Myself
looks quite quite chilled, doesn't it. I mean you've gotta
have babies. I suppose that's the only thing just got.
Nine minutes after five news talks, there'd be Arnzed is
running as stories at the moment about a guy who
reckons that a particular ethnic group should get automatic citizenship
to this country, even if they're born overseas, and even
if their parents were also born outside New Zealand. This
(03:10):
guy is Marty. He has Marty ancestry, but himself he
was born in Australia. His kids, they were born in
Hawaii and he decides to move to New Zealand with
them and says, because they have Marty ancestry, they should
automatically be given citizenship. He shouldn't have to go through
the process. In other words, you know, not jump through
(03:32):
the hoops that everybody else would have to jump through
to apply for citizenship. And I was thinking about this
driving into work this morning, because it seems it seems
a little unfair. Aren't we all Kiwi's or not Kiwi's
based on where we're born and where our parents are born.
If a parent is a Kiwi citizen, then the kids
can become citizens too by descent. Right. You've got to apply,
(03:55):
but it's pretty much a foregone conclusion. But in this case,
he's not. He's applying for residency himself, so he's not
a citizen. And this is interesting because I'm a dual citizen.
I have an Irish passport. My parents weren't born in Ireland,
but my grandfather was and he sailed here to start
a life in a family and a business, et cetera.
(04:16):
So I have an Irish passport, but my parents weren't
born there, so there is precedent for the test going
back further. I your grandparent was Kiwi, then doesn't matter
whether you where your parents are born. You can get
an open door, welcome kyolder come through the door. But
what this guy is asking for is not that, because
(04:38):
that applies to any Irish citizen. It's based on not
based on on blood or ethnicity. Surely, if you want
to change the rules to make the tests go further
up the family tree, then fine, but you can't. Surely
you can't do that only for certain ethnicities. Government made
(04:59):
some big well announced some big changes and won't happen
to the middle of the next year. For building, what
does this mean if you're going to build a house
and you're going to pick a builder, what does this
mean for you? And should they be forced to get
warranty industry backed warranties and insurance. We'll look at that next.
News Talk ZB.
Speaker 1 (05:19):
Get ahead of the Headlines on early edition with Ryan
Branch and one roof Love Where You Live, News Talks B.
Speaker 2 (05:27):
Five perteen on News Talksbill Get to your texts in
a second. Freightways had a good result, well, a solid
result yesterday. They're cutting down debts, their margins are up,
their market share is up there year to June. This
is versus the year prior net profit eighty million. That's
up from seventy point nine revenue one point twenty nine billion,
that's up from one point two to one billion. The
year prior final dividend for your shareholders twenty one cents
(05:50):
per year v. Nineteen cents per year. It's courier's post
taste distribution, big chill distribution. You might have seen those
trucks around, so they've done well given the circumstances that
we're in, and I'll have more on that later in
the show too. But lower debt means you're not paying
as much interest, does it, which is always good for business.
(06:10):
We'll look at a two milk just before around five
twenty this morning too, Just gone fourteen, after local councils
set to save some cashes, the government scraps building consent rules.
Building Minister Chris Penk says councils are reluctant to grant
building consents because they're the ones responsible to pay the
building owner if a construction company goes bally up. Now
each party is liable for only the work that they
(06:33):
were responsible for. That's the change they're pushing for it's proportional.
Malcolm Fleming, Certified Builders CEO with me this morning. Malcolm,
good morning, Good morning Ryan. So what proportion of builders
do you recton currently don't have aren't covered by a
warranty like an industry backed warranty, or have insurance.
Speaker 6 (06:53):
So if we look at the minister's announcement, he talks
about exploring two things, professional and dimly insurance and home warranties. Now,
professional insurance and demanly insurance is covered by what is
available to the architects, the quality surveyors, the engineers, et cetera.
That's already in the market. The piece that he's looking
at is home warranties and that is provided by a
(07:18):
portion of the market. And so also insurance is a
guess probably about sixty percent of the market is covered
by it.
Speaker 2 (07:26):
Right, So for the other forty percent, if something you
know of my wall caves in, what happens.
Speaker 6 (07:34):
For those who are not covered by it? They're left
to the homeowners, therefore dealing the builder if they're around,
getting them back to fix it. If they're not around,
they got a longer term problem.
Speaker 2 (07:44):
So this is looking to go to proportional so whoever
did it badly pays for it their share of that.
Is that a good one?
Speaker 6 (07:53):
Correctly?
Speaker 2 (07:53):
Yes.
Speaker 6 (07:54):
At the moment, we've got joint and several so everybody's
bound together to take one hundred percent of the loss
in the case of an issue arising on a building project.
So if, for example, when a claim comes forward, if
one of the player is not there and it could
be the architect, it could be the builder, the rest
of those, including the council, needs to pull together to
(08:17):
cover that's part of the claim where the builder or
the architect, whomever is not there. What this talks about
is making it very clear that the assessed proportion which
is liable to each party is a tribute to each party.
It must be met byage party. The piece that's been
missing over the decades that this has been running is
(08:39):
the building warranty insurance. Builders can't keep professional indemnity insurance
which covers all their projects. So a build consumer product
like a guarantee which applies to the house is the
best way forward. And the good news is that there's
those products here in the market. There is the Association
backed to Get guarantees NGCB, new ZULM, CIFI, builders how
(09:03):
to guarantee, and the master will guarantee for the master builders.
And there's also an insurance product out there as well
for building garranty insurance.
Speaker 2 (09:10):
Malcolm. The Aussies went proportional in the nineties and they
mandated these warranties that you're talking about. If we mandated
them here, would that mean we're going to pay more
for our building work, our housing.
Speaker 6 (09:21):
So they mandated in Australia and that's the key. The
insurance must be mandated. It will be a cost that
gets passed on for homeowner. To give some context around that,
say for a five hundred thousand dollars renovation, which is
pretty standard these days, the cost of a guarantee product
is in the order of fifteen hundred dollars. If you
(09:42):
don't mandate it, it won't be picked up and there
won't be any cover there for the homeowner in case
things go wrong.
Speaker 2 (09:49):
Roger Malcolm got that. Thank you. Malcolm Fleming, Certified Builders,
Chief Executive. Eighteen minutes after five nine two ninety two
is the numbers text, Well, look at a two milk
next on.
Speaker 1 (09:59):
Your ready and online. On Iheard Radio Early edition with
Ryan Bridge and one roof love where you live, news talks, there'd.
Speaker 2 (10:08):
Be five twenty on news talks. Hed B I can
confirm to you from Washington, DC that Zelenski and Trump
are sitting down together in the Oval Office. They are
just taking photos with the press at the moment. They
will then get down to talks and they will talk
for an hour or two at all. JAD advances in
the room. Look out, says Marco Rubio. That all, and
there's Heggseeth and there as well a bunch of reporters
(10:29):
that oh, they're asking questions already, So straight into it.
We'll bring you the latest from the White House as
it comes to hand. Course, and after all of this,
after the by letter, you have a multilateral where the
European leaders A will come in and have their say.
Two twenty one, after five good day for a two
milk shareholders. Company posts two hundred million dollar profit for
(10:51):
twenty five announced they're getting ready to turbocharge production. This
is the purchase of a plant in Pocono. This is
for three hundred million bucks. Pocono, PA has two registrations
to sell infant formula in China. This isn't clearly an
area that a two seeds is a growth market. Matt's
Montgomery is for sith By analyst with me this morning. Matt,
good morning, good morning, great to have you here. This
(11:14):
market reaction, some strong results for them, and also a
lot of trust in their management here obviously.
Speaker 7 (11:21):
Yeah, that's right. I think in the context of numerous
New Zealand corporates over the last couple of years a two,
it has stood out, I mean consistently exceeding expectations despite
operating in what is a relatively tough in formula market
in China. And you know, the decision yesterday to acquire
the Plants and Pocono sort of one quite big step
(11:45):
in continuing that growth pathway.
Speaker 2 (11:48):
You said, it's a tough market for infant formula in China,
they've got an aging population. Is this a growth market?
Speaker 7 (11:55):
Well, the market itself is flat to slightly down the time,
but birth rates did increase last year, so you're seeing
a little bit of an air pocket of growth in
the very short term. But Eights have been taking markets
share consistently across both their Chinese and English label formula products.
So the market itself is relatively challenging, but their execution
(12:21):
has been very impressive for a few years.
Speaker 2 (12:24):
Now, can you sell milk to the old and aging population?
Speaker 7 (12:29):
Well, yeah, they have been diversifying the business. So if
you think back five years ago, it was principally an
formula play in China, but they have been diversifying the
business into other nutritionals. So that selling senior milk powers
and that's been a division growing at sort of thirty
percent plus. So you're trying to stretch the brand, I
(12:51):
guess if you will into other skews smaller today, but
you have another small growth angle for the business.
Speaker 2 (13:00):
Trunk of change they paid for Pocono.
Speaker 7 (13:03):
Yeah, two eighty two as it value is around two
point fifty. But you know, the company reported net cash
of just over a billion dollars yesterday, so they haven't
been short of change, and that's allowed them to return
a three hundred million dollars special dividend to shareholders yesterday
and we see the scope for more distributions to shareholders
(13:25):
over the next few years. So yeah, the free cashlor
generation and the business over a long time's allowed them
to be in this position.
Speaker 2 (13:32):
Good to see an ambitious company well run.
Speaker 7 (13:35):
Yes, indeed, management's doing a good job.
Speaker 2 (13:37):
Matt, appreciate your time. Matt Montgomery for sith Bar Senior
ans with me on A two this morning twenty four
minutes alfter five year on News Talk sad B. So Yes,
Trump Zelenski are at the White House. Will cross to
Nick Harper Future Story News. He's in Washington, DC, he's
our man, He's with us before six o'clock this morning.
We'll also get to Australia next though. I'll give you
an update on just a few things the government's doing
(13:58):
that they probably shouldn't.
Speaker 1 (14:00):
The early edition full show podcast on Ihart Radio Power
by News.
Speaker 2 (14:04):
Talks B News Talks B. It is twenty six minutes
after five. This coalition needs to tighten its agenda as
well as it's belt. In the last week, we've had
a smorgas board of small, seemingly minor stories hitting their headlines.
You know, helmets or no helmets for cyclists, for goodness sakes,
which name comes first on the cover of your passport,
(14:27):
a ban and then a reversal on a ban on
marshmallows and hot chocolates from the coffee machine at hospitals.
Not a single one of these stories is significant on
their own in and of themselves, but the kind of
stories that people remember because they either make no sense
or they appear to be a colossal waste of time.
Most working families can't afford to even use their passports
(14:50):
right now a Hawaiian holiday. No, the only ones actually
dusting off their passports right now are probably moving across
to the ditch across the Tasman. Is this the stuff
that your average punter wanting to feed their kids actually
cares about? The answers, of course, No. The Clark government
got bogged down by a bunch of these silly little things.
(15:11):
I think size of shower heads, size of light bulbs,
Remember that fiasco. Instead of asking officials where the little
Johnny should be allowed to ride a bike without a helmet,
something that no decent parent would allow anyway, why not
keep your eyes on the big stuff. No shortage of
that around. Yesterday Fitch warned our Doba plus credit rating
could be at risk if we get slack on fiscal discipline.
(15:33):
If we see a further correction in the housing market,
which isn't completely off the cards, we see employments spike
up again, also not out of the woods yet. Come on,
we have big fish to fry. It's not that this
coalition is not focused on these things, of course, certainly
more focused on them than the last one. It's just
that there's a bit too much noise around on little
(15:54):
things that don't actually matter to the swinging middle that
national needs if they want to finish the big jobs
that they've set out to achieve. Distraction is the enemy
of progress. Passports and helmets are distractions, and lately there
have been a few too many of them. You're on
news Talk, said b Right now, Donald Trump and lotimeres
(16:16):
Lensky is sitting side by side in the Oval office
in the White House and taking questions from reporters. We'll
have the latest, of course news coming up shortly, and
we'll have some audio for you after that. We're also
going to speak to our reporter Nick Harper. He's feature
story News in Washington, DC this morning about exactly what
they're going to be discussing, what's on the table, and
the initial reactions to their comments that have been made
(16:39):
this morning. Some interesting numbers. Do I have time, No,
I don't. I'll give it to you when I get back.
This is from the services sector yesterday makes up two
thirds of our economy. Actually, I can do it now,
makes up two thirds of our GDP the services sector,
and we had remember a good manufacturing number. On Friday,
we had positive of we're in growth territory manufacturing wives
(17:02):
for July fifty two point eight. That's expansion territory services
sector yesterday, big chunk of the economy.
Speaker 8 (17:08):
July.
Speaker 2 (17:09):
Well, we're still going backwards but slowly improving forty eight
point nine. Remember you've got to hit fifty to be positive,
so that is good news. To get the growth that
the Reserve Bank reckons we're going to get. They both
need to be hitting fifty three, so we watch these closely.
You're on news Talk, said B. Twenty nine after five.
Speaker 1 (17:35):
Views and views you trust to start your day. It's
early edition with Bryan Bridge and one roof love where
you live.
Speaker 2 (17:43):
News Talk said B. Good morning, it is twenty four
away from six. It is Tuesday. You're on news Talk,
said B. Great to have your company coming up in
the next week. While we'll look at the Fitch on
our credit r This is for our government credit rating
here in New Zealand, Australia. There's a shark attack. We'll
(18:04):
talk to Leslie Gooman about that. And our correspondent is
in DC for this Trump Zelensky meeting. They are currently
sitting together in the Oval office smiling, so very different
from last time. There are smiles on their faces this time,
which hopefully is a good sign. This is what they've
had to say so far.
Speaker 1 (18:22):
We had a good meeting, as you know, just as
shured while ago, with the President of Russia.
Speaker 2 (18:26):
And I think there's a possibility that something could come
out of it, and today's meeting is very important. Now
Zelensky is asked by a reporter would you consider seeding territory?
All the European leaders are outside by the way waiting
to come in, so they have a bilap first and
then you bring in your gaggle of Europeans. So he's
asked directly by a journalist, would you consider seeding territory
(18:48):
if it means you stop the war with Russia? And
he said, we need to stop the war. We need
to stop Russia. So there's wriggle room there. Clearly. I
spoke yesterday to Vasil marosian Chenko, this is the Ukrainian
investador to New Zealand, about this issue of don Bas.
You know, would you give up that territory? His answer
was interesting.
Speaker 9 (19:06):
That charritory can end up under the Russian occupation which
will never be recognized by Ukraine or anybody else. That
it cannot be seated as a sovereign territory in Russia.
And that's very important to keep it in mind. As
you remember Baldic nations, Lithuania, lot To in Estonia, they
were under the Soviet occupation for fifty years. They had
(19:27):
their own governments in place, and they were never recognized
as part of the Soviet Union. So we may end
up having a similar arrangement.
Speaker 2 (19:37):
So you could, in other words, you could without seeding
the territory allow it to be under Russian occupation. Twenty
two away from six Ryan Bridge. To our reporters around
the country, Callum Procter and needing for us this morning, callen,
good morning morning. Right, brewers could soon be making a
beer faster.
Speaker 10 (19:55):
Yes, great news for brewers and beer lovers. This is
a study out of Otaga University which is discovered that
playing white noise can reduce the fermentation process by up
to thirty one hours and it doesn't affect the flavor
of the beer either, So fermentation can take on average
between five to seven days. Associate Professor Grahmy is As
(20:15):
told us these findings could have a substantial impact on
the beer industry because he says time is money, and
so anyway to speed up this process is good news
for brewers if.
Speaker 2 (20:25):
They make it faster. Does that mean we need to
drink it faster?
Speaker 10 (20:28):
I think that's what it means.
Speaker 2 (20:30):
Good, good, good. How's your weather.
Speaker 10 (20:33):
We've got few showers, snow flurries to four hundred meters
on the hill, so there's a road snowfall warning for
our Northern Motorway this morning.
Speaker 2 (20:39):
Strong southwesters and nine the high Thanks Cullum players in
Christ Jay Clear, good morning. Lincoln University got some complaints
about its dairy farm.
Speaker 11 (20:49):
Yeah, this comes from animal advocacy groups SAFE. They've released
some footage from the Lincoln Uni farm which they say
was filmed last week and shows cattle suffering and living
in squalid winter conditions. We've seen the footage among several
different things going on on the farm. There are images
and pictures there of calves sort of piled on top
of each other into a trailer. There's a mother cow
(21:11):
being chased by someone on a quad bike. SAFE says
that that person is driving at the animal quite aggressively.
There's also animals standing out in quite thick deep mud.
Now I guess the reality of this is that an
MPI inspector went out and visited the farm on Friday,
that was the day of the complaint. They say they
found no significant concerns. However, Lincoln Uniprovost Chad Hewitt says
(21:35):
while the MPI action found there was nothing that they
needed to do, they are going to investigate the issues
that have been raised. Nonetheless.
Speaker 2 (21:42):
All right, how's your weather today?
Speaker 11 (21:43):
Clear, miserable and pouring with rain this morning, some snow
falling above four hundred meters but easing, two showers a
bit later south east and a high of eight nice one.
Speaker 2 (21:52):
Max Is and Wellington bidding farewell to the outer Teddy Max.
Speaker 8 (21:56):
Yeah, it's now retired, likely to be sold to some
poor third world country where it can break down on
them and not us. The big thing obviously is losing
that rail compatibility for a few years and freight having
to adapt. But yeah, the Aratelli making its final cook
straight crossing yesterday. Our newsrooms are Ethan Mania, I believe
was flown to Picton and came back on the boat.
(22:19):
He covered the affair the captain apparently very prolific on
the tannoy cracking jokes. Reflecting on the ferries twenty six
years of service, spoke to a few employees taking voluntary
redundancy as well, who were a little more nostalgic. It
wouldn't have been a fitting final voyage without a few
hiccups a minor medical emergency. Apparently the Blue Bridge arrived
late in Picton as well, which delayed departure by a
(22:41):
short time. Infrastructure work can now begin. That means Picton
Wharf being demolished, making way for a report that can
handle these bigger rail enabled boats that are coming in
twenty twenty nine. Cook Straight crossings will be a little
stretched for a while. The penalty fees, of course for
Labour's prior deal a thing of the past, now appear
of make do.
Speaker 2 (23:01):
Yeah, and then there were two Good luck getting across
the Cook Straight. How's your weather?
Speaker 8 (23:08):
Cold and wht showers and strong southerlyes ten the high
central nighte time.
Speaker 2 (23:11):
Thanks Max Neva's here in Auckland. Hay Neva, good morning.
Speaker 12 (23:14):
I'm distracted by this hum in the studio.
Speaker 13 (23:16):
Can you hear it?
Speaker 2 (23:16):
Yeah? I can hear it. I will well, I was
trying to ignore it. Okay, it's been there for five
to seven minutes. It suddenly came on and I don't
know what to do about it. So I've just been
ignoring it.
Speaker 12 (23:27):
Oh sorry, I should ignore it too, but you know me,
I so where is it coming from? I shall try
and get to the source.
Speaker 2 (23:33):
Of it completely throwing, aren't you. Oh look, Glen, I
think Glenn's moving into actually good Auckland Council and the
officials there want to concentrate housing around city centers and
around your big arterial roots.
Speaker 12 (23:44):
That is correct. So what's happening is then on Tuesday
the council is going to address the proposal, because yeah,
it wants to do away with the three story developments
in suburban areas, so the areas would maintain their single
home character with ten story and fifteen story developments playing closer.
You're quite right to town centers and transport stations. Simon
(24:05):
Wilson The Herald. Simon Wilson, he's on the case, said, look,
Auckland could look very different with arterial roads like as
you say, Great North Road entirely just lined by apartment blocks.
Speaker 2 (24:15):
I had a bit of a mingy afternoon yesterday on
the phone to Auckland Council. Did you so I park
my car out on the street of my You know,
I don't have a garage that I can put it in.
Speaker 10 (24:25):
That's right.
Speaker 12 (24:25):
I heard about that, which.
Speaker 2 (24:27):
Mike Costing thinks. It just makes me put it's your garage.
It's your garage with your carpet and your garage. Anyway,
so I went I rang the council because they keep
giving us a ticket even though I've got a permit
to park on the street by ticketing the car, and
I said, hey, you know this is the second time
it's happened. We've written in a letter. Oh well it's
now in process, you said, so you've got to wait
(24:47):
fifteen days from when you sent the letter. And I'm like,
but you can see I've got a permit. Yes, we
can see, you've got a can't do anything completely says
now really yeah, very annoying.
Speaker 12 (24:56):
So why is the computer saying no? Did they find you? Like,
is there a fine?
Speaker 2 (25:02):
Fine?
Speaker 13 (25:02):
How much?
Speaker 2 (25:03):
Twenty dollars each time?
Speaker 12 (25:05):
And it all adds up?
Speaker 13 (25:05):
So what are you up to?
Speaker 12 (25:06):
Two thousands?
Speaker 2 (25:07):
No, No, forty has happened twice. Oh that would rip you,
but you write the letter for the first fine And
she said, have you written a letter for the sing fie?
I said, well no, because they should work out from
the first one exactly second one wasn't needed. Oh that's
my complaint.
Speaker 12 (25:24):
And the studio is nothing compared to that.
Speaker 2 (25:26):
I wonder. I'm not worried about it. How's our weather?
Speaker 12 (25:29):
Shells possible thunderstorms and nail?
Speaker 2 (25:32):
I have important things happening in my life, Neva, Okay,
I'm going. Can I just say, by the way, for
the utter teddy from one ferry to another, hiattor deafit
all days just around the corner. Put it in calendar Friday,
August twenty nine. This is a chance for us all
to support the one and three kiwis affected by cancer.
(25:54):
That's why a in Z has been such a proud
partner of the Cancer Society, and they've been doing that
for now for twenty five years. They stand with the
community and supporting the important cause this Deafitil Day. Your
donation helps provide vital care to transport, treatment, nurses, accommodation, counseling,
all that good stuff. It also supports prevention programs and
(26:14):
research helping to improve outcomes for future generations. So we're yellow.
Buy a daffodil, show you support on Defitil Day. Now
if you can, you can go one step further and
actually make a donation, because every deafitile dollar gets you
a kid increases the amount that goes to these kids'
kindness counts. It's about care, it's about hope, it's about
(26:38):
standing with those who need it most. Let's make every
daffidil count With an Z text donate to three four
nine three to make an instant three dollars donation to
the Cancer Society.
Speaker 1 (26:49):
International correspondence with NZ and Eye Insurance, Peace of Mind
for New Zealand business.
Speaker 2 (26:55):
You're on newsbalk B thirteen minutes away from six. We'll
get to Washington and just a second first, Leslie Omen
with us from Australia. Good morning, Good to have you
on the programmer. As always, thank you. Quantus to face
a pretty hefty fine. This is for outsourcing ground staff.
Speaker 14 (27:10):
This long running dispute, very long running, yes, massive fine.
Said to be the largest case of illegal sackings in
Australia's history. Just to give you a small background, Back
in twenty twenty, during the COVID pandemic. Quantus made the
decision to outsource its ground handling staff, which included baggage
handlers and cleaners and the like. Now then come forward
(27:35):
a little bit and the Transport Workers Union decided that
they would take Quantus to court and sue them for
that illegal sacking. So that's what happened. And earlier this
year Quantus was found guilty of the illegal sacking of
all those workers. Now come to yesterday and the Federal
Court has decided that Quantus will be fined ninety million
(27:59):
dollars for those illegal sackings, and fifty million of that
will be going to the Transport Workers' Union for the workers.
Or that's what Justice Michael Lee has suggested happen, and
the other forty million will be to sell. What happens
with the other forty million will be decided at a
later date.
Speaker 2 (28:18):
This Sharkiteck now the beach closed. Now the shark Aitek,
New South Wales.
Speaker 14 (28:22):
Yes, the second one in the roughly a month. What
happened was yesterday morning early Brad Ross was out serving
at Cabareta Beach. It's a beach between Tweedheads and Byron
Bay and northern New South Wales and Brad found that
he had an unwanted visitor, and that unwanted visitor was
(28:43):
a large great white shark, probably about four meters, and
it decided that it took a liking to his board
and chumped it in half, left a massive bitemark out
of the board which was now in two. And unfortunately
he wasn't hurt. He was able to get back back
to shore. But these borders a lot.
Speaker 2 (29:05):
Thank god, Thank goodness, Leslie, thank goodness he is okay.
I did see his borden. You right, there's a giant
chunk out of it. I wouldn't be getting back in
the water. Thanks for that update, lizzliey Oomen's Australia correspondent.
Just gone ten to six, Ryan, So to the White
House we go. This is sitting on the sofa, Zelensky
and Trump together. So far all smiles, no shouting. Trump
(29:25):
says he will call potin after the meeting. The European
leaders will join later joining us. Nick harp a feature
story news correspondent in Washington. Good morning, Good.
Speaker 10 (29:35):
Morning, Ryan.
Speaker 2 (29:35):
So what's so far so good?
Speaker 15 (29:38):
Well, yeah, so far so good. I mean the wheels
didn't come off in the way they certainly did in
that February meeting where they were shouting at each other,
where the Ukrainian delegation was ejected from the White House early.
They managed to get through that meeting in Theory. They
go behind closed doors. There could be some tension there,
but so far it all seems to be going quite well.
Speaker 2 (29:58):
What's he said about if they mean territory, have they
mentioned another meeting?
Speaker 15 (30:03):
Well, I think that is what's going to get hashed
out later on, first of all between Donald Trump and
President Zelenski and then that multilateral meeting in Theory in
about an hour and ten minutes time with the Europeans.
At one point, Zelenski was asked to readily in the
Oval office just a moment ago by a reporter, are
you going to redraw the map? He dodged that question.
(30:24):
He said we need to stop the war instead, and
he said he hoped that American and EU partners could
help with that. But I think territory is going to
be a very important part of today. Donald Trump now
seems to be pushing President Putin's idea that Ukraine as
well as giving up Crimea that was annexed back in
twenty fourteen by Moscow also gives up the entirety of
(30:45):
the Dnetsk region, even though Russia hasn't captured all of
that during this three and a half year conflict.
Speaker 2 (30:51):
What about a security guarantee from America? Did Trump given any? Hence?
Speaker 15 (30:57):
Yeah, this is a big one, because Ukraine to join NATO.
Trump and Putin say quite simply, he can't. That's not
something that's going to happen. But there is this suggestion
both from Donald Trump and the Europeans that he might
get security guarantees like the same thing that NATO members
get Article five. So if Ukraine were to be attacked
in the future, the other NATO members would be standing
(31:19):
by ready to defend. But also we heard in that
meeting just now, Donald Trump said that he did want
to be a part of future security guarantees. Unclear what
that might mean, would the US troops stationed in Ukraine
for example? So far, obviously that is a redline for
President Putin. But Donald Trump saying that he wants to
be involved. I guess that's another thing they're just going
(31:41):
to have to hash out today.
Speaker 2 (31:42):
Yeah, absolutely all right, Nick, We'll wait and say. Nick Harp,
a Future Story News correspondent in Washington for US this
morning eight to six. Mike of course will be following
this on his show, and he's with us next the.
Speaker 1 (31:53):
News you need this morning, and the in depth analysis
early edition with Ryan Bridge and One Route where you
Live News Talks.
Speaker 2 (32:01):
They'd be stix away from six News Talks. B I
promise I'll quickly give you an update from Fitch. This
is the rating agency. We're on double A plus at
the moment. Yes, we can keep that rating, Thank you
very much. How do you get an upgrade? That's what
I wanted to know to your triple A minus. It's
like batteries. Basically, you need major fiscal consolidation. That's getting
back to surplus, that's cutting your debt ratio. Nationals doing that,
(32:22):
but it's happening very slowly, and you need to hack
through your current account deficit. Currently we're paying eleven billion
bucks a year servicing debt. That's more than police defense
and corrections combined. Crying Bridge, Good morning, Mike Morning. See
Trump comes out and says, I think to actually get
through this, we're going to need a trilateral meeting.
Speaker 13 (32:40):
Nothing's going to happen today, is it.
Speaker 2 (32:42):
No? But it's good that they're talking. It's good they're
talking about that and not shouting.
Speaker 13 (32:46):
So Zelensky presumably what I guess you want to run
a bet what will happen is that what you think
is going to happen is going to happen. So the
Europeans will get them across the line on crimea court,
whatever you want. They'll give up a slye. Someone will
provides security guarantees, so Russia will be stopped and that'll.
Speaker 2 (33:03):
Be that, and they'll give up a bit of the
nets even though they shouldn't.
Speaker 13 (33:08):
Yeah, well, I mean, what do you want more? See?
The problem with the Europeans is the Europeans, like everybody
is self sensed. Doren't they so as much as they
basically they want to stop Russia, don't they. So Zelenski
wants all his country back, He's not going to get it,
but Russia. Europeans want to stop Russia. They get a
security guarantee and they go to blood. They go, look,
it's just the right hand side of the country. Don't
(33:28):
worry about it.
Speaker 2 (33:29):
Let's move on and something that's got an American backstop obviously.
But the thing about it is that the Europeans, you
have to give credit to Trump forgetting the Europeans across
the line.
Speaker 13 (33:42):
If he gets us across the line, that's a Nobel
Peace Prize.
Speaker 2 (33:44):
I would have thought.
Speaker 13 (33:45):
I would have thought so, along with his eighteen other
wars that he's claiming his solf.
Speaker 2 (33:48):
Just think about where the Europeans were a year, two
years ago under Biden.
Speaker 13 (33:53):
They just got them from two percent to five percent,
drag them into the war, and I mean, you can't
do any more than that, can you?
Speaker 2 (34:01):
Really?
Speaker 13 (34:01):
Anyway, we'll cover this off throughout the morning for.
Speaker 2 (34:03):
Excellent look forward to it. Mike, have a fantastic day, everybody.
It's coming up to six o'clock on News Talk said B.
I will see you again tomorrow from five.
Speaker 1 (34:21):
For more from Early Edition with Ryan Bridge. Listen live
to News Talk shied B from five am weekdays, or
follow the podcast on iHeartRadio.
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