August 19, 2025 • 34 mins
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Speaker 1 (00:01):
The issues, the interviews and the insight. Ryan Bridge on
earlier ishow with one Route Love where you Live News talks.
Speaker 2 (00:09):
That'd be good morning, Welcome to Wednesday six after five,
coming up on the show before six. The ocr cutting
continues today? Will this result in further cuts? What are
we going to see next? That's the question. We've got
Kellya Cold on before six this morning and tinkering to
the electricity sector. Will it lower our prices? Most of
our kids can't write to standard. Gavin Gray in the
(00:31):
UK for us and an update on Ukraine for you too.
Good morning, the agenda. It's Wednesday, the twentieth of August.
Elensky and Staras seemed pretty happy with the way things
went at the White House.
Speaker 3 (00:42):
The Coalition of Willing Countries that's thirty countries already working
together on security guarantees, will now work with the US
on those guarantees.
Speaker 2 (00:51):
Crucially, Trump is ruling out boots on the ground, but
maybe maybe air support.
Speaker 4 (00:56):
When it comes to security. They're willing to put people
on the ground, are willing to help them with things,
especially probably if you could talk about bay Air, because
as nobody has the kind of stuff we have. But
I think if a deal has made I think Russia's
had it. They've all had it, and for a very
extended period of time. I don't think there'll be a problem,
but so there'll be some form of security.
Speaker 2 (01:17):
Of course, there's a war on. But everyone's looking at
Zelensky's suit. Remember last time he was ripped out for
not looking formal enough. Well he's had the take ticke
of approval from the White House. Priss Peck, you look
fabulous in that suit. Yeah, look you look good. I
said the same thing. Yeah, I said one that attacked
you less. I remember that. I apologize honestly to La
(01:39):
we Go. Now where the Kiddamine queen is pleading guilty
to supplying the drugs that killed Matthew Pierrey. This is
the Friends star. She's facing five charges.
Speaker 5 (01:47):
She was expected to go on trial next month. She
was one of five individuals that were charged in connection
to Perry's death.
Speaker 2 (01:54):
And she was the one that was holding out, that
was not accepting a plea deal.
Speaker 6 (01:58):
But now she has.
Speaker 2 (02:00):
And finally this morning, the sorry saga that was Trevor
Mallard representing US in Ireland as ambassador is over. He's out.
Gonski early not sure why yet, but probably shouldn't have
been there in the first place.
Speaker 1 (02:13):
The first word on the News of the Day early
edition with Ryan Bridge and one Route Love where you
live news.
Speaker 2 (02:21):
Talks, I'd be eight after five great to have your company.
Nine two ninety two is the number to text. You've
got secondary teachers on strike today, about twenty thousand of them.
Union recons governments stingy and mingy, government reckons. Unions are
just having a tantrum. If you're a parent in the
middle of all of this, you really don't care, do
you. You just want your kid going to school and learning.
(02:41):
Exams are in November. Problem is it may not end here.
Of course, the union is threatening more striking, more rosted strikes,
even closer to exam times. So does missing a day
or two actually matter depending on which union you ask,
on which day you ask them, and what they're upset about.
Yes and no. Yesterday we had those woeful results for
(03:04):
primary kids. This is writing. Most of them can't write
to the new standard. And so Eric Stanford comes out
and says, we'll give you some extra training, extra training
for teachers. Teachers then say even taking a day one
day off class will disrupt the kids learning. Okay, all right,
I hear that message. But then we have a principal
come out on the strikes for secondary school students saying no,
(03:26):
don't worry. One day off won't make a difference to
their exams. Which is it. Surely both things can't be
true at the same time. Nine minutes after five yr
own News Talk said B. Coming up next the electricity
Authority report. Is this tinkering or is this transformational?
Speaker 1 (03:43):
Get ahead of the headlines on early edition with Ryan
Bridge and one roof Love where you Live, News Talk
said B.
Speaker 2 (03:53):
It is just gone. Twelve minutes after five news Talks there, B,
we've got your global dairy trade oction numbers from overnight
down slightly down three percent and butter down one percent,
which would be good for those who are struggling to
put it on their toast. Sadly for us, we look
at the milk powder and that's down. Whole milk powder
down point three percent and skim milk powder down one
(04:13):
point eight percent. Your mozzarella is down two point seven percent,
So yes, it is down, but it is down only
slightly overall. It's twelve after five Ryan brig More tweaks
for our electricity sector. As you've struggled to warm your
home up this morning, juice is freezing out there. Big
four gentailors have to sell power everyone at the same price,
(04:34):
not just themselves. Energy Minister Simon Watts reckons it'll level
the playing field and bring prices down. Eventually we'll see.
Margaret Cooney is Octopus Energy chief operating officer with us
this morning, Margaret, good morning, good morning. Will this lower prices?
Speaker 7 (04:50):
Look?
Speaker 6 (04:51):
I think the idea behind this, which is that the
big four gent tailors need to deal with competing terms
on a level playing field, is really important that what
we're concerned about is how it's executed. So the idea
at the moment is to put this in as principles.
(05:13):
I know from dealing with my four year old that
I final leave a bag of lollies in front of him,
he'll eventually go and grab the lollies. So I think
we need more than just principles. We need some robust
rules to ensure that discrimination doesn't keep happening, because ultimately
that really damages competition, which leads to a lack of
(05:39):
responsiveness in the market, which leads to a lack of investment,
which ultimately impacts the prices for end consumers.
Speaker 2 (05:47):
Do they need to grow some balls, Margaret?
Speaker 6 (05:52):
There's one way of putting it. But I think there
are some solutions that they can pick up quite easily
and implement. But it requires some decisiveness and it also helpful.
Speaker 2 (06:07):
Because the thing is, I mean, you look at the
super peak hedge contracts that they've talked about. Yesterday in
August they came out and they said, let's do this
voluntary thing. Didn't work now that gent tailors must offer
minimum quantities. But then if that doesn't work, then they
might face regulation. I mean, it all sounds a bit
Spider's Ways, doesn't it. Well.
Speaker 6 (06:28):
I think this is the thing. We've had lots of
small iterative steps and I think it would be good
to get to the nub of some of these issues,
and something which addresses the structural elements would be helpful.
And so I think with the frontier of you going on,
(06:48):
there's this opportunity for government to use that to make
sure that the settings work really well rather than doing
lots of little tinkers are here and there.
Speaker 2 (06:59):
What's the big nuclear option? Is it splitting up the
gen Taylor's.
Speaker 6 (07:03):
So I think one of There won't be a single
silver bullet to this, but one of the things that
we've suggested is basically requiring these large players to operate
their retail and generation businesses at arms link because part
of the problem at the moment has been a real
lack of transparency around the trading behavior, and so that
(07:28):
would help resolve that, and then if those businesses are
behaving in the market, it will help stimulate all of
that investment that's sitting in the pipeline with independent generators
and things. Additionally, we think we're in such an acute
energy shortage that actually the government should look at doing
(07:52):
something immediately, like a tender for new generation to come
into market more quickly. We think there needs to be
this comprehensive set of actions and rather than the access
conditions for the market, is one ingredient for.
Speaker 2 (08:12):
It, rather than more tinkering around the edges. Margaret, appreciate
your time this morning. Margaret Kearney, Octopus Energy Chief operating Officer,
reporting to that Aletris. The authority report out yesterday just
gone sixteen minutes after five on News Talks, B Can
the kids write, read and write? We'll look at that
next On.
Speaker 1 (08:27):
Your radio and online on iHeartRadio Early edition with Ryan
Bridge and one roof Love where You Live News Talks
d B.
Speaker 2 (08:37):
Five eighteen on News Talk, said b Ryan the teacher's
unions a disgrace, what a terrible example to our kids.
Says Steve. This is on the strikes. Ryan, as a
parent of four school aged children at three different schools. Oh,
that's confusing. How do you get them there? I suppose
I just get themselves there? At that point the absence
from school is compounding all having teacher only days over
(08:58):
the last week on different days, and now the strike
for our secondary school child today. I was under the
impression this government was to move all professional development days
into turn breaks to short good point. It is nineteen
and a half to five showing with education only a
quarter of year eights that's age eleven or twelve can
write at the level the new curriculum expects, which is
(09:19):
pretty bleak, sixty one percent more than a year behind.
Education Minister Erica Stanford's plan well fund a teacher in
every school to upskill on structured literacy. Question is is
that going to be enough? Will it work? Kyl Bruton
is the remu weer intermediate school Principle on the phone
this morning, Carl, Good morning, Good morning, Ryan. Pretty shocking numbers.
Speaker 7 (09:42):
Yeah, as a sector, we're struggling to make sense of
those figures.
Speaker 2 (09:49):
At the moment.
Speaker 7 (09:49):
We obviously have a relatively new curriculum. We're still transitioning
to the new curriculum. We don't have access to the
specific metrics that they're using to assess that writing, and
we don't have exemplars of what that writing looks like.
So it's it's hard for us to really sort of
have confidence in those numbers. We're not disagree necessarily, but
it's just really hard to.
Speaker 2 (10:09):
Have that confidence. Who marks them.
Speaker 7 (10:11):
So, you know, well, it's done through a study basically
that's been run for many, many years. And teachers, if
you like a trained up, they go into this, into
the study, they go into schools, they work with kids,
and then they take that marketing that that work back
and then they market. But as I say, the sector
as a whole doesn't see that marketing schedule, doesn't see
(10:33):
the exemplars that that's been aligned against.
Speaker 2 (10:36):
I think we're all mean to you that does that mean, Kyle,
that you teachers have never seen that before? So then
you've never trusted them or never known the detail on
the numbers.
Speaker 7 (10:46):
We've known that there's an issue in literacy, and no
one's disagreeing with that. It's just the degree of that
need that's been sort of highlighted. To your point about
the marketing schedule or the you know, whatever you want
to call it. No, we don't have access to that
particular one because it's an evaluation study that's done across
the country, So to give it sort of so's they're
(11:07):
sort of trying to avoid people almost like if you like, test,
teaching to the test, but without knowing exactly what it
is that is being sort of measured against it. As
I say, it's just hard for us to be able
to align what we're seeing at our schools with what
we're being told.
Speaker 2 (11:23):
Does how is it that you can be kids are
almost going backwards? You've got forty one percent of year
three students that expected curriculum benchmark, thirty three percent in
year six, and then just twenty four percent in year eight. Yeah.
Speaker 7 (11:38):
Well, I mean the bottom line is if those numbers
are accurate, and that is indeed the case, there's a
pretty compelling reason for it. When you look at the
way our school system is designed, we put the least
amount of resource and we have our highest class sizes
in years four to eight. So we start off reasonably well,
(11:58):
and then we suddenly ramp up everything up. We have
these big classes, we have very little in the way
of staffing, and then sort of we get to high
school and think, oh my gosh, we need to sort
this out, and we start to increase all our staffing. Again,
we reduce the class sizers and we put a lot
more resource in. So common sense would suggest that if
this has been a long standing issue, why are we
not keeping our resourcing quite high in those junior years,
(12:23):
getting that foundation rock solid, getting those kids to where
they need to be so they can really really thrive
in high school.
Speaker 2 (12:29):
Kyle, appreciate your time this morning. Carl Briton remu are
intermediate school principal. On those numbers. Yesterday, twenty two minutes
after five, you're on News Talk SEBB. We just talked
about the Electricity Authority report. What does that tell us
about the future for supermarkets. We'll look at that next.
Also Todd McLay today, he's a busy man. He's been
in Saudi Arabia and He's now on his way to
(12:51):
the United States. He's going to meet with his He's
been invited by the Trade Rep. Jamison Greer, and he's
going to meet with a whole bunch of other industry leaders.
He's going to talk agriculture. There's going to some think tanks.
He's doing a whole bit. He's talking to Secretary of
Agriculture Brook Rollins while he's over there. Big issue, obviously,
is the fifteen, big, fat, juicy fifteen percent tariff that
(13:12):
they've slapped on our goods andy. Is he going to
turn it around? He's going to make the argument about, well, yes,
we might have a surplus or a deficit in trade now,
but it varies and you know, over the long run,
she's pretty even. Do we expect you'll get much out
of this? I know Mike's talking to him later on
during breakfast. It is twenty three after five News Talks VB,
(13:33):
the early.
Speaker 1 (13:33):
Edition full show podcast on iHeartRadio Power by NEWSTALKSB.
Speaker 2 (13:39):
News TALKSBB twenty five minutes after five. Electricity and groceries
are your two big ticket inflation targets. Punters want to
pay less for both, and there are nuclear options available.
Cut the gent tailors in half by force. Those who
are pro wrecking ball argue, if you force them to
separate out the generation side of the business from the
retail side, you'd create more competition, lower prices. You could
(14:03):
do a similar thing with the supermarkets. You force Foodstuffs
and Woollies to sell one hundred and twenty supermarkets sell
two of their six distribution centers to a third player,
and haypresto, that giopol is dead. Long live Queen Nicola.
Now we're still waiting to see exactly what cat she's
going to pull out of her shopping bag on this.
(14:23):
She has advice, considering the options all that stuff. Here's
what I think she will do. We can get clues
from the way that they're handling electricity, the regulators and
the government, which is basically minor changes to bits and
pieces around the edges on stuff like these super peak
hedging contracts, and if things don't change, look out, we'll regulate,
(14:44):
will be meaner, will be tougher. There's still the Frontier Report,
of course, which Cabinet is considering right now, and we'll
decide on by the end of the month. In other words,
you tinker and you threaten you sound tough enough that
voters know you serious, but not actually go deaf con
one and risk spooking mark in which you're actually trying
to attract investment and particularly offshore plus. Chris Quinn told
(15:05):
my show the other day, they would lawyer up to
high heaven and fight anything like this, so it gets messy.
So I reckon they'll tinker on supermarkets options on the cards.
You can put supermarkets on the fast track list, get
them built quicker. You can ban pocketbook pricing. You can
empower the existing franchises to be more independent, buying their
(15:26):
stock from wherever they like, setting their own prices, et cetera,
et cetera. Slap a threat to legislate for the nuclear
option across the headline of your press release. If the
tinkering doesn't happen or isn't working, throw the ball back
in the duopolies court. This would simultaneously satisfy ACT which
hates the nuclear option, and the politics of perception. It
(15:47):
goes further than Labor went, but doesn't risk the court
battles the potential for major changes not actually working and
bringing down prices, which is the whole point right things
certain whether it's electricity bills or check out prices. The
chances of a return to the good old days of
(16:07):
pre COVID prices when we could butter the toast and
fire up the heated towel rail with gay abandon Well,
they're slim to none, Bredi, there'd be twenty eight minutes
after five, quick update for you on Gaza. So twenty
hostages left in Gaza and sixty two thousand Palestinians killed.
(16:28):
Those are the sad numbers for you. Now Hummas has
accepted this new cease fire deal sixty days, half the
hostages swapped for one hundred and fifty Palestinians in jail
right now. Then there'd be a second phase and the
remainder of the bodies. Israel has come out overnight and
said they will tell us. They will give us their
(16:50):
answer now that Hummas has agreed by Friday. However, just
remember that Netanya who has said he's not interested in
partial deals. He wants to go after Gaza city this
big new offensive. So we will hear from the Israelis
on Friday. But I wouldn't be holding your breath. Twenty
(17:13):
nine minutes after five news talks Hebb We'll get to
our reporters around the country. Gavin Gray is in the
UK for US and a big OCR decision today. How
many more of those will we get this year? US
Talk set b Gams for new person on Over.
Speaker 1 (17:33):
Again News and Views you Trust to start your day.
It's early edition with Ryan Bridge and one roof Love
Where you Live News Talks edb all this Cleveland talking.
Speaker 7 (17:52):
On it.
Speaker 2 (17:53):
It is twenty four minutes away from six year on
News Talks, heb. We'll get to Kelly you Cold from
Westpac on THEBNZ rate cut expected today. It'll be a
full rundown from them. Won't just be the announcement of
a twenty five basis point cut, which is what we're expecting.
We'll also get some meat on the bones. Gavin Graham
the UK for US shortly too. Did you know across
the world sperm counts have been declining for the past
(18:16):
fifty years one percent per year. Collectively, our sperm count
is down at a rate of about one percent a
year for the past fifty years. We're way less fertile
than we used to be. Our swimmers wouldn't make it
to the Olympics, would they? And what happens in another
fifty years, is what is there anything left? It's a
bit grim, it's a bit bleak. And you ask why,
(18:37):
and the scientists say, well, obesity. We're basically all getting
fat and aging because you don't get to produced as
much the older you get because you don't need it.
So those are two reasons. But there's a scientist by
the name of doctor Sharmas Swan, professor of Environmental Medicine
and Public Health at the Aiken University of Medicine in
Mount Sinai in New York City, and they say it's
(19:01):
environmental factors, largely but not entirely, due to the toxins
in the environment. In other words, plastic So the microplastics
when you eat the fish, and the fish have got microplastics,
and then when you drink the water, and the water's
got microplastics and them it gets into your system and
nothing comes out at the other end. Twenty three to six, Brian,
(19:22):
We's go to our reporters around the country, color proper
and dneed in this morning color, good morning morning right.
This mother the case of a sportsman at the center
of an assault on a baby in Dunedin. The mother
is adamant that this person didn't injure her baby.
Speaker 8 (19:37):
Yeah, that's what has been heard in the Deneed and
District Court here Ryan, this trial is underway. The defendants
accused of allegedly causing multiple rib fractures to an infants
in July twenty twenty three, and he has named suppression.
The jury has been played a recording of a police
interview with the infant's mother. This was recorded a month
after the incident. During that interview, the woman was adamant
(19:59):
the was not intentionally injured, and she expressed frustration in
the doctors who initially claimed the injuries were caused by trauma.
And this trials scheduled for up to three weeks here.
Speaker 2 (20:10):
All right, how's your weather? Are mostly cloudy?
Speaker 8 (20:13):
Chants of a shower today, sou Easteries and thirteenth, all right.
Speaker 2 (20:17):
Have a good day there, Calum and Claire's and christ
Church Claar, good morning.
Speaker 3 (20:20):
Good morning.
Speaker 2 (20:21):
What's the story you're talking erebus memorial this morning?
Speaker 6 (20:24):
Yeah?
Speaker 9 (20:25):
Well, christich to the counselors are going to discuss it
today at their meeting. This is a memorial that would
commemorate the two hundred and fifty seven people who died
in the plane crash at Mount Erebus back in nineteen
seventy nine. Now the Ministry for Culture and Heritage has
laid out several options for a memorial here in christ Church.
This is after years of contention over possibly having a
(20:45):
memorial site in Auckland. Interestingly, more than half of the
families of the Arabis victims say they don't actually want
it here in christ Church. But nonetheless, our counselors will
be deciding today on whether or not we will offer
Craycroft Reserve, which is in Cashmire near the sign of
the taka Hey, as a place to house a memorial.
Speaker 2 (21:05):
All right, how's your weather?
Speaker 9 (21:06):
Clear, cloudy, more showers today, southwesterlies and eleven degrees.
Speaker 2 (21:10):
Thank you. Max is then going to Max, good morning,
good morning. Now, well, this plan for a new bus
depot bit dubious.
Speaker 10 (21:18):
Yes, story in the post this morning the Greater Wellington
Regional Council spending sixty four million dollars on a new
mostly uncovered bus depot that's going to use a massive
amount of power getting electricity to the site. It's in
Merramar on the peninsula near the airport. Not really fame
for its still dry conditions, but that's okay. You'll have
to bring a brolly while you're waiting for a bus.
(21:40):
And all this power that's going to be needed, it's
equivalent to the amount of electricity needed to power all
of the surrounding three suburbs that's Mirra, mar Strathmore Seatoon.
It's equivalent to all of the power needed to run
Fielding as a town, massive, massive amount, and that's just
to charge the buses, the electric buses. The they're going
to be housed there. Wellington Electricity even warning that at
(22:03):
some point it may need to invest in a new
high voltage cables and a new substation. But there's also
some fear with the tender process for new bus operators.
The last time around the Regional Council did this, it
was completely slammed. It was criticized for letting down commuters.
So plenty of weight to see in this case.
Speaker 2 (22:25):
So when people are waiting for the bus, they won't
be under shelter, that is my understanding.
Speaker 10 (22:30):
Yeah, ridiculous that you would build something from scratch and
not consider that.
Speaker 2 (22:34):
Maybe they saw the public reaction to those stupid toilets
in Courtney Place and went to the other way, Well.
Speaker 10 (22:39):
There's there's a sense of naivety in Wellington. Let's introduce
everyone's going to eat outside all year round. Let's have
everyone bicycling to work. But if you've lived in Wellington,
it's forty k wins and it's a good conditions, maybe
two weeks out of the year.
Speaker 2 (22:54):
So yeah, you need courage shoes just not to be
blown off the ground. How exactly. Speaking of how's your
weather bad?
Speaker 10 (23:01):
Very strong Southerly's a bit of snow as well to
five hundred meters showers high of just ten central.
Speaker 2 (23:08):
Keep on keeping on, Max Neivas and Auckland, Hey, Neva, greetings,
much beter up here, of course, but not a few're
paying rates.
Speaker 5 (23:15):
Oh correct, the rural rate pays up and arms rural
rate pays here on the war path against Auckland Council.
Now this is after being blindsided by steep rate rises.
So what we know is that the council offices they're
scrambling to contain the anger. Now there's going to be
an online session planned with rural sections of the supercity.
(23:35):
This is happening tomorrow. One of the councilors is calling
for a camp on rates hikes. Look In the past fortnight,
our newsrooms reported complaints of the staggering rate increases. They
include a seventy two percent jump on a family home
in Audeirwa which was rezoned for new housing that basically
can't be developed for several years. So apparently there's a
Rodney Rates shock action Facebook page set up. It was
(23:58):
set up ten days ago and it's already retreated about
eight hundred and fifty members, so you can imagine that'll
just keep climbing.
Speaker 2 (24:05):
They're on the wallpath.
Speaker 11 (24:06):
Correct.
Speaker 5 (24:06):
How's our weather mainly fine morning frost and shelter places
are high of thirteen here in or you don't have to.
Speaker 2 (24:11):
Say before you go, Neva, lovely matching of the lippy
with the blazer today.
Speaker 4 (24:15):
Thank you?
Speaker 6 (24:16):
Can you are.
Speaker 5 (24:17):
The only one future would you call this my blazer fushure?
Speaker 2 (24:21):
You can say purple or oh ye?
Speaker 5 (24:23):
Well you you are the only one who mentioned that.
I'll be running.
Speaker 2 (24:26):
Around and I wonder why that is, but you refashion easter.
That's why good to see Neva. It has just gone
seventeen minutes away from six. You're on news talk. Creb
so Zolenski quickly embraced the idea of the three way
summit Trump Zelenski Putin. However, Trump has since posted on
(24:47):
true Social actually there's going to have to be a
two way before there would be a three way. Not
quite sure where the poutin in. Which are those options?
Putin's actually on board with At this stage we'll get
to Gavin Gray in the UK next. If you run
a small business, you know the pain of waiting to
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then you spend weeks chasing people up like some sort
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(25:10):
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Speaker 1 (25:55):
International correspondence with ends and eye insurance, peace of mind
for New Zealand.
Speaker 2 (26:01):
Fifteen away from six we'll talk the ICR and a
second first. Gaven Gray are UK europe correspondent. The Coalition
of the Willing phone call that our Prime minister ditched
but we had officials on has obviously been held. Given
what's come of this call, Ran.
Speaker 11 (26:16):
We don't have a huge amount of details, but I
think very significantly a group from the so called Coalition
of the of the Willing will now meet their US
counterparts over the coming days to prepare for the deployment
of a so called reassurance force were hostilities to come
to an end. So, in other words, if a peace
(26:37):
is declared, Ukraine would have a security blanket of knowing
that there is a reassurance force. Now. Boots on the
ground will not be coming from America. We know that,
So that looks like France, Germany, probably the UK will
have those boots on the ground but this is a
reassurance in a sense like NATO, but it'll mean that
(26:58):
Ukraine won't join NATO. That please Russia. And what Europe, however,
is disappointed with is that they've given up really on hope,
I think of a cease fire. So they're moving straight
onto trying to get the peace underway. And I think
as well, they're hoping that the idea that Ukraine could
be secure will mean that a lot of missilins can
(27:19):
be slightly more flexible when it comes to perhaps giving
up some of the land which Russia has so far invaded.
Speaker 2 (27:26):
And we just heard from the White House that pos
has agreed to meet with Zelenski, which has obviously progress.
Speaker 11 (27:33):
Yeah, very much so. And Europe been really pushing this
bilateral trilateral idea where Ukraine is front and center of
those negotiations.
Speaker 2 (27:42):
Appreciate your time this morning. That's Kevin Gray at UK
Europe Correspondent. Time is twelve away from six Bryan Bridge.
The cutting cycle continues this morning. Economists expecting the Reserve
Bank to cut the OCR twenty five basis points that
will get us down to three percent. We'll also get
a deeper look into inflation, unemployment, do we get a
monetary policy statement, which basically means you get a bit
(28:03):
more meat on the bones. Kelly Ekolda's Westpac chief economs
with me this morning, good morning, good morning. So yes,
we will get a twenty five basis point cut today,
say most economists, how far? How many more you reckon?
Speaker 12 (28:17):
Well, after that, I think they're going to be a
bit more cagey. I think they'll have a bias towards
looking at another interstrate cut. But I think that's probably
about it for now. There might be another one in them,
depending on how the data rolls between now and Christmas,
but I think that's probably about all we should reasonably
(28:40):
expect for now.
Speaker 2 (28:41):
They don't want to go too low and then and
risk over cooking later.
Speaker 12 (28:45):
Well that's right. I mean, if you've looked at the
commentary in the Reserve Bank the last couple of meetings,
you've said, there's been arguments on both sides of this.
There was somebody who didn't even want to do the
last cut, and then there's a couple of others talking about, well,
if we do a little bit more cutting and we
put a bit more guard rails against weaker growth, we
know when you've got those sort of debates going on.
(29:07):
It isn't a slam duck that you just keep on
getting our rates.
Speaker 2 (29:11):
That's the fact that we've got a temporary you know,
the Reserve Bank, and we've got Christian hawksby and there
the fact we haven't got a permanent replacement. Does that
mean that they'll be more cautious or is that just talk?
Speaker 12 (29:21):
Well, I think you should probably reasonably assume that they
can't tie themselves into a future strategy too much, because
you know, if there's a new boss coming in a
couple of months, well they need to tell our a
little bit of room for them to work out what
they want to do. But you know, the data itself
also doesn't lend it as being too committed about what
(29:41):
happens next, because you don't know how things are going
to evolve. So hence that's why I think they should
be just a bit cagy.
Speaker 2 (29:48):
We've had positive signs from manufacturing and services just in
the last week, and they are you know, the high
frequency data that you talk about. Do you think these
are positive enough? Are we finally cracking the back of
this blip in our recovery?
Speaker 4 (30:05):
Oh?
Speaker 12 (30:05):
I think it's encouraging. I mean, what we sort of
saw was some actually pretty decent growth right at the
start of the year. If you sort of were talking
to me about six weeks ago, would have looked a
lot more negative than that. Probably looks like it's somewhere
in the middle now, So we're expecting to be back
onto that kind of path of trend growth quite soon.
(30:26):
This sort of indicators have seen the last month or
so encouraging science that that's still a good view to have.
Speaker 2 (30:33):
Was reading yesterday that in order to hit the Reserve
Bank estimates for growth this year, the manufacturing and the
services indicators need to be fifty three. I mean, obviously
fifty and above is growing, and we had services still
below fifty, but improving manufacturing finally cracked it. To hit
those we need to hit fifty three. Is that true?
Speaker 12 (30:54):
Oh, I think that's a pretty rough estimate, to be honest, right,
I don't really abide by those numbers. A few draw
graphs of these sorts of things against growth, you'll see
that it's a rougher relationship with that. I mean, if
I look at where those purchasing manager in the seas
are there, if you average them out, then they're probably
(31:15):
not too far short of where they were in the
first quarter, and we got zero point eight percent growth
in that quarter, which is enough. Basically right now.
Speaker 2 (31:23):
Good stuff, Kelly, appreciate your time this morning, Kelly echoled
Westpac teap economists. That decision all about two o'clock This afternoon,
it is eight to six News Talk s MB the
news you need.
Speaker 1 (31:33):
This morning and the in depth analysis early edition with
Ryan Bridge and one Root Love Where you Live News TALKSB.
Speaker 2 (31:41):
Loads of good text from parents this morning six away
from six morning, Ryan, but ironic that the teachers are
saying there won't be much of an impact on learning
from the strike. Here's the message that we get from
Long Bay College if our child is late by even
a minute, and the dramatic impact that it can have.
I'm sorry it's a bit long, she says, but here
it is. You might think it's only five minutes. Here's
the full impact. Five minutes late every day equals twenty
(32:03):
five minutes every week, four hours of miss school every term,
three full days of a school year. After ten years,
that's thirty days, which is six complete weeks of school.
One hour of lateness daily equals five hours of school
the equivalent of a full school day every week over
one term. This equates to ten school days. Two weeks missed.
Over a full school year, this equates to eight weeks.
(32:25):
Go figure cry bread. Later, six news talks, he'd be
and Mike saiy, Hey.
Speaker 3 (32:29):
Mike, i'd have to say, I mean, one percent isn't
a lot, is it?
Speaker 2 (32:34):
What are you talking about pay rises? Oh no, no
it's not.
Speaker 3 (32:37):
That's what they've been off.
Speaker 2 (32:38):
Yeah, sorry, I was thinking about times. And also we
mentioned sperm count. We're losing one percent of our sperm
count every year, which we've just reported on too. One
percent is not inflation, No, no, it is not.
Speaker 3 (32:54):
Hey, listen, trade minister you mentioned earlier on he's he's
literally in Saudi as we speak, so we'll ring him
and he's on his way to Washington. And so I
don't I would have thought me, let me put this
to you as an idea. So there's a surplus, right,
So their whole mechanism, First of all, they don't know
who we are and nor do they care, right, So
they just had a big long list of countries that
had a surplus. We have a surplus because you know,
(33:17):
et cetera. So we sell more to them than they
sell to us. Why don't we just buy something? Just
go up and say the surplus is a couple hundred
million dollars, will buy a plane.
Speaker 2 (33:26):
Funly you say that this was a suggestion I made
quite early on Mike, the one because we need in
New Zealand needs some planes. We've got some engine issues.
Speaker 3 (33:33):
Why don't we just go buy some brow a couple more, order,
a couple more, balance the ledger. Everyone else's slice the
tariff down from fifteen to ten. How hard can it be?
Why is it us running the country? Righty? Why is
it us running the country?
Speaker 11 (33:45):
Well?
Speaker 2 (33:45):
Do you know what? Who would buy them? In New Zealand?
Speaker 12 (33:49):
Oh?
Speaker 2 (33:49):
Buy the government?
Speaker 3 (33:50):
Government need a new planes up and down the country.
Speaker 2 (33:53):
Government doesn't want to spend money on anything big.
Speaker 3 (33:56):
Save your money from the money you didn't give to
the teachers. Put it into planes.
Speaker 2 (34:01):
Oh there's an idea. Todd McClay on with Mike today,
Have a great day. Run See tomorrow.
Speaker 1 (34:14):
For more from early edition with Ryan Bridge. Listen live
to news Talks it'd be from five am weekdays, or
follow the podcast on iHeartRadio.
The issues, the interviews and the insight. Ryan Bridge on
earlier ishow with one Route Love where you Live News talks.
Speaker 2 (00:09):
That'd be good morning, Welcome to Wednesday six after five,
coming up on the show before six. The ocr cutting
continues today? Will this result in further cuts? What are
we going to see next? That's the question. We've got
Kellya Cold on before six this morning and tinkering to
the electricity sector. Will it lower our prices? Most of
our kids can't write to standard. Gavin Gray in the
(00:31):
UK for us and an update on Ukraine for you too.
Good morning, the agenda. It's Wednesday, the twentieth of August.
Elensky and Staras seemed pretty happy with the way things
went at the White House.
Speaker 3 (00:42):
The Coalition of Willing Countries that's thirty countries already working
together on security guarantees, will now work with the US
on those guarantees.
Speaker 2 (00:51):
Crucially, Trump is ruling out boots on the ground, but
maybe maybe air support.
Speaker 4 (00:56):
When it comes to security. They're willing to put people
on the ground, are willing to help them with things,
especially probably if you could talk about bay Air, because
as nobody has the kind of stuff we have. But
I think if a deal has made I think Russia's
had it. They've all had it, and for a very
extended period of time. I don't think there'll be a problem,
but so there'll be some form of security.
Speaker 2 (01:17):
Of course, there's a war on. But everyone's looking at
Zelensky's suit. Remember last time he was ripped out for
not looking formal enough. Well he's had the take ticke
of approval from the White House. Priss Peck, you look
fabulous in that suit. Yeah, look you look good. I
said the same thing. Yeah, I said one that attacked
you less. I remember that. I apologize honestly to La
(01:39):
we Go. Now where the Kiddamine queen is pleading guilty
to supplying the drugs that killed Matthew Pierrey. This is
the Friends star. She's facing five charges.
Speaker 5 (01:47):
She was expected to go on trial next month. She
was one of five individuals that were charged in connection
to Perry's death.
Speaker 2 (01:54):
And she was the one that was holding out, that
was not accepting a plea deal.
Speaker 6 (01:58):
But now she has.
Speaker 2 (02:00):
And finally this morning, the sorry saga that was Trevor
Mallard representing US in Ireland as ambassador is over. He's out.
Gonski early not sure why yet, but probably shouldn't have
been there in the first place.
Speaker 1 (02:13):
The first word on the News of the Day early
edition with Ryan Bridge and one Route Love where you
live news.
Speaker 2 (02:21):
Talks, I'd be eight after five great to have your company.
Nine two ninety two is the number to text. You've
got secondary teachers on strike today, about twenty thousand of them.
Union recons governments stingy and mingy, government reckons. Unions are
just having a tantrum. If you're a parent in the
middle of all of this, you really don't care, do
you. You just want your kid going to school and learning.
(02:41):
Exams are in November. Problem is it may not end here.
Of course, the union is threatening more striking, more rosted strikes,
even closer to exam times. So does missing a day
or two actually matter depending on which union you ask,
on which day you ask them, and what they're upset about.
Yes and no. Yesterday we had those woeful results for
(03:04):
primary kids. This is writing. Most of them can't write
to the new standard. And so Eric Stanford comes out
and says, we'll give you some extra training, extra training
for teachers. Teachers then say even taking a day one
day off class will disrupt the kids learning. Okay, all right,
I hear that message. But then we have a principal
come out on the strikes for secondary school students saying no,
(03:26):
don't worry. One day off won't make a difference to
their exams. Which is it. Surely both things can't be
true at the same time. Nine minutes after five yr
own News Talk said B. Coming up next the electricity
Authority report. Is this tinkering or is this transformational?
Speaker 1 (03:43):
Get ahead of the headlines on early edition with Ryan
Bridge and one roof Love where you Live, News Talk
said B.
Speaker 2 (03:53):
It is just gone. Twelve minutes after five news Talks there, B,
we've got your global dairy trade oction numbers from overnight
down slightly down three percent and butter down one percent,
which would be good for those who are struggling to
put it on their toast. Sadly for us, we look
at the milk powder and that's down. Whole milk powder
down point three percent and skim milk powder down one
(04:13):
point eight percent. Your mozzarella is down two point seven percent,
So yes, it is down, but it is down only
slightly overall. It's twelve after five Ryan brig More tweaks
for our electricity sector. As you've struggled to warm your
home up this morning, juice is freezing out there. Big
four gentailors have to sell power everyone at the same price,
(04:34):
not just themselves. Energy Minister Simon Watts reckons it'll level
the playing field and bring prices down. Eventually we'll see.
Margaret Cooney is Octopus Energy chief operating officer with us
this morning, Margaret, good morning, good morning. Will this lower prices?
Speaker 7 (04:50):
Look?
Speaker 6 (04:51):
I think the idea behind this, which is that the
big four gent tailors need to deal with competing terms
on a level playing field, is really important that what
we're concerned about is how it's executed. So the idea
at the moment is to put this in as principles.
(05:13):
I know from dealing with my four year old that
I final leave a bag of lollies in front of him,
he'll eventually go and grab the lollies. So I think
we need more than just principles. We need some robust
rules to ensure that discrimination doesn't keep happening, because ultimately
that really damages competition, which leads to a lack of
(05:39):
responsiveness in the market, which leads to a lack of investment,
which ultimately impacts the prices for end consumers.
Speaker 2 (05:47):
Do they need to grow some balls, Margaret?
Speaker 6 (05:52):
There's one way of putting it. But I think there
are some solutions that they can pick up quite easily
and implement. But it requires some decisiveness and it also helpful.
Speaker 2 (06:07):
Because the thing is, I mean, you look at the
super peak hedge contracts that they've talked about. Yesterday in
August they came out and they said, let's do this
voluntary thing. Didn't work now that gent tailors must offer
minimum quantities. But then if that doesn't work, then they
might face regulation. I mean, it all sounds a bit
Spider's Ways, doesn't it. Well.
Speaker 6 (06:28):
I think this is the thing. We've had lots of
small iterative steps and I think it would be good
to get to the nub of some of these issues,
and something which addresses the structural elements would be helpful.
And so I think with the frontier of you going on,
(06:48):
there's this opportunity for government to use that to make
sure that the settings work really well rather than doing
lots of little tinkers are here and there.
Speaker 2 (06:59):
What's the big nuclear option? Is it splitting up the
gen Taylor's.
Speaker 6 (07:03):
So I think one of There won't be a single
silver bullet to this, but one of the things that
we've suggested is basically requiring these large players to operate
their retail and generation businesses at arms link because part
of the problem at the moment has been a real
lack of transparency around the trading behavior, and so that
(07:28):
would help resolve that, and then if those businesses are
behaving in the market, it will help stimulate all of
that investment that's sitting in the pipeline with independent generators
and things. Additionally, we think we're in such an acute
energy shortage that actually the government should look at doing
(07:52):
something immediately, like a tender for new generation to come
into market more quickly. We think there needs to be
this comprehensive set of actions and rather than the access
conditions for the market, is one ingredient for.
Speaker 2 (08:12):
It, rather than more tinkering around the edges. Margaret, appreciate
your time this morning. Margaret Kearney, Octopus Energy Chief operating Officer,
reporting to that Aletris. The authority report out yesterday just
gone sixteen minutes after five on News Talks, B Can
the kids write, read and write? We'll look at that
next On.
Speaker 1 (08:27):
Your radio and online on iHeartRadio Early edition with Ryan
Bridge and one roof Love where You Live News Talks
d B.
Speaker 2 (08:37):
Five eighteen on News Talk, said b Ryan the teacher's
unions a disgrace, what a terrible example to our kids.
Says Steve. This is on the strikes. Ryan, as a
parent of four school aged children at three different schools. Oh,
that's confusing. How do you get them there? I suppose
I just get themselves there? At that point the absence
from school is compounding all having teacher only days over
(08:58):
the last week on different days, and now the strike
for our secondary school child today. I was under the
impression this government was to move all professional development days
into turn breaks to short good point. It is nineteen
and a half to five showing with education only a
quarter of year eights that's age eleven or twelve can
write at the level the new curriculum expects, which is
(09:19):
pretty bleak, sixty one percent more than a year behind.
Education Minister Erica Stanford's plan well fund a teacher in
every school to upskill on structured literacy. Question is is
that going to be enough? Will it work? Kyl Bruton
is the remu weer intermediate school Principle on the phone
this morning, Carl, Good morning, Good morning, Ryan. Pretty shocking numbers.
Speaker 7 (09:42):
Yeah, as a sector, we're struggling to make sense of
those figures.
Speaker 2 (09:49):
At the moment.
Speaker 7 (09:49):
We obviously have a relatively new curriculum. We're still transitioning
to the new curriculum. We don't have access to the
specific metrics that they're using to assess that writing, and
we don't have exemplars of what that writing looks like.
So it's it's hard for us to really sort of
have confidence in those numbers. We're not disagree necessarily, but
it's just really hard to.
Speaker 2 (10:09):
Have that confidence. Who marks them.
Speaker 7 (10:11):
So, you know, well, it's done through a study basically
that's been run for many, many years. And teachers, if
you like a trained up, they go into this, into
the study, they go into schools, they work with kids,
and then they take that marketing that that work back
and then they market. But as I say, the sector
as a whole doesn't see that marketing schedule, doesn't see
(10:33):
the exemplars that that's been aligned against.
Speaker 2 (10:36):
I think we're all mean to you that does that mean, Kyle,
that you teachers have never seen that before? So then
you've never trusted them or never known the detail on
the numbers.
Speaker 7 (10:46):
We've known that there's an issue in literacy, and no
one's disagreeing with that. It's just the degree of that
need that's been sort of highlighted. To your point about
the marketing schedule or the you know, whatever you want
to call it. No, we don't have access to that
particular one because it's an evaluation study that's done across
the country, So to give it sort of so's they're
(11:07):
sort of trying to avoid people almost like if you like, test,
teaching to the test, but without knowing exactly what it
is that is being sort of measured against it. As
I say, it's just hard for us to be able
to align what we're seeing at our schools with what
we're being told.
Speaker 2 (11:23):
Does how is it that you can be kids are
almost going backwards? You've got forty one percent of year
three students that expected curriculum benchmark, thirty three percent in
year six, and then just twenty four percent in year eight. Yeah.
Speaker 7 (11:38):
Well, I mean the bottom line is if those numbers
are accurate, and that is indeed the case, there's a
pretty compelling reason for it. When you look at the
way our school system is designed, we put the least
amount of resource and we have our highest class sizes
in years four to eight. So we start off reasonably well,
(11:58):
and then we suddenly ramp up everything up. We have
these big classes, we have very little in the way
of staffing, and then sort of we get to high
school and think, oh my gosh, we need to sort
this out, and we start to increase all our staffing. Again,
we reduce the class sizers and we put a lot
more resource in. So common sense would suggest that if
this has been a long standing issue, why are we
not keeping our resourcing quite high in those junior years,
(12:23):
getting that foundation rock solid, getting those kids to where
they need to be so they can really really thrive
in high school.
Speaker 2 (12:29):
Kyle, appreciate your time this morning. Carl Briton remu are
intermediate school principal. On those numbers. Yesterday, twenty two minutes
after five, you're on News Talk SEBB. We just talked
about the Electricity Authority report. What does that tell us
about the future for supermarkets. We'll look at that next.
Also Todd McLay today, he's a busy man. He's been
in Saudi Arabia and He's now on his way to
(12:51):
the United States. He's going to meet with his He's
been invited by the Trade Rep. Jamison Greer, and he's
going to meet with a whole bunch of other industry leaders.
He's going to talk agriculture. There's going to some think tanks.
He's doing a whole bit. He's talking to Secretary of
Agriculture Brook Rollins while he's over there. Big issue, obviously,
is the fifteen, big, fat, juicy fifteen percent tariff that
(13:12):
they've slapped on our goods andy. Is he going to
turn it around? He's going to make the argument about, well, yes,
we might have a surplus or a deficit in trade now,
but it varies and you know, over the long run,
she's pretty even. Do we expect you'll get much out
of this? I know Mike's talking to him later on
during breakfast. It is twenty three after five News Talks VB,
(13:33):
the early.
Speaker 1 (13:33):
Edition full show podcast on iHeartRadio Power by NEWSTALKSB.
Speaker 2 (13:39):
News TALKSBB twenty five minutes after five. Electricity and groceries
are your two big ticket inflation targets. Punters want to
pay less for both, and there are nuclear options available.
Cut the gent tailors in half by force. Those who
are pro wrecking ball argue, if you force them to
separate out the generation side of the business from the
retail side, you'd create more competition, lower prices. You could
(14:03):
do a similar thing with the supermarkets. You force Foodstuffs
and Woollies to sell one hundred and twenty supermarkets sell
two of their six distribution centers to a third player,
and haypresto, that giopol is dead. Long live Queen Nicola.
Now we're still waiting to see exactly what cat she's
going to pull out of her shopping bag on this.
(14:23):
She has advice, considering the options all that stuff. Here's
what I think she will do. We can get clues
from the way that they're handling electricity, the regulators and
the government, which is basically minor changes to bits and
pieces around the edges on stuff like these super peak
hedging contracts, and if things don't change, look out, we'll regulate,
(14:44):
will be meaner, will be tougher. There's still the Frontier Report,
of course, which Cabinet is considering right now, and we'll
decide on by the end of the month. In other words,
you tinker and you threaten you sound tough enough that
voters know you serious, but not actually go deaf con
one and risk spooking mark in which you're actually trying
to attract investment and particularly offshore plus. Chris Quinn told
(15:05):
my show the other day, they would lawyer up to
high heaven and fight anything like this, so it gets messy.
So I reckon they'll tinker on supermarkets options on the cards.
You can put supermarkets on the fast track list, get
them built quicker. You can ban pocketbook pricing. You can
empower the existing franchises to be more independent, buying their
(15:26):
stock from wherever they like, setting their own prices, et cetera,
et cetera. Slap a threat to legislate for the nuclear
option across the headline of your press release. If the
tinkering doesn't happen or isn't working, throw the ball back
in the duopolies court. This would simultaneously satisfy ACT which
hates the nuclear option, and the politics of perception. It
(15:47):
goes further than Labor went, but doesn't risk the court
battles the potential for major changes not actually working and
bringing down prices, which is the whole point right things
certain whether it's electricity bills or check out prices. The
chances of a return to the good old days of
(16:07):
pre COVID prices when we could butter the toast and
fire up the heated towel rail with gay abandon Well,
they're slim to none, Bredi, there'd be twenty eight minutes
after five, quick update for you on Gaza. So twenty
hostages left in Gaza and sixty two thousand Palestinians killed.
(16:28):
Those are the sad numbers for you. Now Hummas has
accepted this new cease fire deal sixty days, half the
hostages swapped for one hundred and fifty Palestinians in jail
right now. Then there'd be a second phase and the
remainder of the bodies. Israel has come out overnight and
said they will tell us. They will give us their
(16:50):
answer now that Hummas has agreed by Friday. However, just
remember that Netanya who has said he's not interested in
partial deals. He wants to go after Gaza city this
big new offensive. So we will hear from the Israelis
on Friday. But I wouldn't be holding your breath. Twenty
(17:13):
nine minutes after five news talks Hebb We'll get to
our reporters around the country. Gavin Gray is in the
UK for US and a big OCR decision today. How
many more of those will we get this year? US
Talk set b Gams for new person on Over.
Speaker 1 (17:33):
Again News and Views you Trust to start your day.
It's early edition with Ryan Bridge and one roof Love
Where you Live News Talks edb all this Cleveland talking.
Speaker 7 (17:52):
On it.
Speaker 2 (17:53):
It is twenty four minutes away from six year on
News Talks, heb. We'll get to Kelly you Cold from
Westpac on THEBNZ rate cut expected today. It'll be a
full rundown from them. Won't just be the announcement of
a twenty five basis point cut, which is what we're expecting.
We'll also get some meat on the bones. Gavin Graham
the UK for US shortly too. Did you know across
the world sperm counts have been declining for the past
(18:16):
fifty years one percent per year. Collectively, our sperm count
is down at a rate of about one percent a
year for the past fifty years. We're way less fertile
than we used to be. Our swimmers wouldn't make it
to the Olympics, would they? And what happens in another
fifty years, is what is there anything left? It's a
bit grim, it's a bit bleak. And you ask why,
(18:37):
and the scientists say, well, obesity. We're basically all getting
fat and aging because you don't get to produced as
much the older you get because you don't need it.
So those are two reasons. But there's a scientist by
the name of doctor Sharmas Swan, professor of Environmental Medicine
and Public Health at the Aiken University of Medicine in
Mount Sinai in New York City, and they say it's
(19:01):
environmental factors, largely but not entirely, due to the toxins
in the environment. In other words, plastic So the microplastics
when you eat the fish, and the fish have got microplastics,
and then when you drink the water, and the water's
got microplastics and them it gets into your system and
nothing comes out at the other end. Twenty three to six, Brian,
(19:22):
We's go to our reporters around the country, color proper
and dneed in this morning color, good morning morning right.
This mother the case of a sportsman at the center
of an assault on a baby in Dunedin. The mother
is adamant that this person didn't injure her baby.
Speaker 8 (19:37):
Yeah, that's what has been heard in the Deneed and
District Court here Ryan, this trial is underway. The defendants
accused of allegedly causing multiple rib fractures to an infants
in July twenty twenty three, and he has named suppression.
The jury has been played a recording of a police
interview with the infant's mother. This was recorded a month
after the incident. During that interview, the woman was adamant
(19:59):
the was not intentionally injured, and she expressed frustration in
the doctors who initially claimed the injuries were caused by trauma.
And this trials scheduled for up to three weeks here.
Speaker 2 (20:10):
All right, how's your weather? Are mostly cloudy?
Speaker 8 (20:13):
Chants of a shower today, sou Easteries and thirteenth, all right.
Speaker 2 (20:17):
Have a good day there, Calum and Claire's and christ
Church Claar, good morning.
Speaker 3 (20:20):
Good morning.
Speaker 2 (20:21):
What's the story you're talking erebus memorial this morning?
Speaker 6 (20:24):
Yeah?
Speaker 9 (20:25):
Well, christich to the counselors are going to discuss it
today at their meeting. This is a memorial that would
commemorate the two hundred and fifty seven people who died
in the plane crash at Mount Erebus back in nineteen
seventy nine. Now the Ministry for Culture and Heritage has
laid out several options for a memorial here in christ Church.
This is after years of contention over possibly having a
(20:45):
memorial site in Auckland. Interestingly, more than half of the
families of the Arabis victims say they don't actually want
it here in christ Church. But nonetheless, our counselors will
be deciding today on whether or not we will offer
Craycroft Reserve, which is in Cashmire near the sign of
the taka Hey, as a place to house a memorial.
Speaker 2 (21:05):
All right, how's your weather?
Speaker 9 (21:06):
Clear, cloudy, more showers today, southwesterlies and eleven degrees.
Speaker 2 (21:10):
Thank you. Max is then going to Max, good morning,
good morning. Now, well, this plan for a new bus
depot bit dubious.
Speaker 10 (21:18):
Yes, story in the post this morning the Greater Wellington
Regional Council spending sixty four million dollars on a new
mostly uncovered bus depot that's going to use a massive
amount of power getting electricity to the site. It's in
Merramar on the peninsula near the airport. Not really fame
for its still dry conditions, but that's okay. You'll have
to bring a brolly while you're waiting for a bus.
(21:40):
And all this power that's going to be needed, it's
equivalent to the amount of electricity needed to power all
of the surrounding three suburbs that's Mirra, mar Strathmore Seatoon.
It's equivalent to all of the power needed to run
Fielding as a town, massive, massive amount, and that's just
to charge the buses, the electric buses. The they're going
to be housed there. Wellington Electricity even warning that at
(22:03):
some point it may need to invest in a new
high voltage cables and a new substation. But there's also
some fear with the tender process for new bus operators.
The last time around the Regional Council did this, it
was completely slammed. It was criticized for letting down commuters.
So plenty of weight to see in this case.
Speaker 2 (22:25):
So when people are waiting for the bus, they won't
be under shelter, that is my understanding.
Speaker 10 (22:30):
Yeah, ridiculous that you would build something from scratch and
not consider that.
Speaker 2 (22:34):
Maybe they saw the public reaction to those stupid toilets
in Courtney Place and went to the other way, Well.
Speaker 10 (22:39):
There's there's a sense of naivety in Wellington. Let's introduce
everyone's going to eat outside all year round. Let's have
everyone bicycling to work. But if you've lived in Wellington,
it's forty k wins and it's a good conditions, maybe
two weeks out of the year.
Speaker 2 (22:54):
So yeah, you need courage shoes just not to be
blown off the ground. How exactly. Speaking of how's your
weather bad?
Speaker 10 (23:01):
Very strong Southerly's a bit of snow as well to
five hundred meters showers high of just ten central.
Speaker 2 (23:08):
Keep on keeping on, Max Neivas and Auckland, Hey, Neva, greetings,
much beter up here, of course, but not a few're
paying rates.
Speaker 5 (23:15):
Oh correct, the rural rate pays up and arms rural
rate pays here on the war path against Auckland Council.
Now this is after being blindsided by steep rate rises.
So what we know is that the council offices they're
scrambling to contain the anger. Now there's going to be
an online session planned with rural sections of the supercity.
(23:35):
This is happening tomorrow. One of the councilors is calling
for a camp on rates hikes. Look In the past fortnight,
our newsrooms reported complaints of the staggering rate increases. They
include a seventy two percent jump on a family home
in Audeirwa which was rezoned for new housing that basically
can't be developed for several years. So apparently there's a
Rodney Rates shock action Facebook page set up. It was
(23:58):
set up ten days ago and it's already retreated about
eight hundred and fifty members, so you can imagine that'll
just keep climbing.
Speaker 2 (24:05):
They're on the wallpath.
Speaker 11 (24:06):
Correct.
Speaker 5 (24:06):
How's our weather mainly fine morning frost and shelter places
are high of thirteen here in or you don't have to.
Speaker 2 (24:11):
Say before you go, Neva, lovely matching of the lippy
with the blazer today.
Speaker 4 (24:15):
Thank you?
Speaker 6 (24:16):
Can you are.
Speaker 5 (24:17):
The only one future would you call this my blazer fushure?
Speaker 2 (24:21):
You can say purple or oh ye?
Speaker 5 (24:23):
Well you you are the only one who mentioned that.
I'll be running.
Speaker 2 (24:26):
Around and I wonder why that is, but you refashion easter.
That's why good to see Neva. It has just gone
seventeen minutes away from six. You're on news talk. Creb
so Zolenski quickly embraced the idea of the three way
summit Trump Zelenski Putin. However, Trump has since posted on
(24:47):
true Social actually there's going to have to be a
two way before there would be a three way. Not
quite sure where the poutin in. Which are those options?
Putin's actually on board with At this stage we'll get
to Gavin Gray in the UK next. If you run
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Speaker 1 (25:55):
International correspondence with ends and eye insurance, peace of mind
for New Zealand.
Speaker 2 (26:01):
Fifteen away from six we'll talk the ICR and a
second first. Gaven Gray are UK europe correspondent. The Coalition
of the Willing phone call that our Prime minister ditched
but we had officials on has obviously been held. Given
what's come of this call, Ran.
Speaker 11 (26:16):
We don't have a huge amount of details, but I
think very significantly a group from the so called Coalition
of the of the Willing will now meet their US
counterparts over the coming days to prepare for the deployment
of a so called reassurance force were hostilities to come
to an end. So, in other words, if a peace
(26:37):
is declared, Ukraine would have a security blanket of knowing
that there is a reassurance force. Now. Boots on the
ground will not be coming from America. We know that,
So that looks like France, Germany, probably the UK will
have those boots on the ground but this is a
reassurance in a sense like NATO, but it'll mean that
(26:58):
Ukraine won't join NATO. That please Russia. And what Europe, however,
is disappointed with is that they've given up really on hope,
I think of a cease fire. So they're moving straight
onto trying to get the peace underway. And I think
as well, they're hoping that the idea that Ukraine could
be secure will mean that a lot of missilins can
(27:19):
be slightly more flexible when it comes to perhaps giving
up some of the land which Russia has so far invaded.
Speaker 2 (27:26):
And we just heard from the White House that pos
has agreed to meet with Zelenski, which has obviously progress.
Speaker 11 (27:33):
Yeah, very much so. And Europe been really pushing this
bilateral trilateral idea where Ukraine is front and center of
those negotiations.
Speaker 2 (27:42):
Appreciate your time this morning. That's Kevin Gray at UK
Europe Correspondent. Time is twelve away from six Bryan Bridge.
The cutting cycle continues this morning. Economists expecting the Reserve
Bank to cut the OCR twenty five basis points that
will get us down to three percent. We'll also get
a deeper look into inflation, unemployment, do we get a
monetary policy statement, which basically means you get a bit
(28:03):
more meat on the bones. Kelly Ekolda's Westpac chief economs
with me this morning, good morning, good morning. So yes,
we will get a twenty five basis point cut today,
say most economists, how far? How many more you reckon?
Speaker 12 (28:17):
Well, after that, I think they're going to be a
bit more cagey. I think they'll have a bias towards
looking at another interstrate cut. But I think that's probably
about it for now. There might be another one in them,
depending on how the data rolls between now and Christmas,
but I think that's probably about all we should reasonably
(28:40):
expect for now.
Speaker 2 (28:41):
They don't want to go too low and then and
risk over cooking later.
Speaker 12 (28:45):
Well that's right. I mean, if you've looked at the
commentary in the Reserve Bank the last couple of meetings,
you've said, there's been arguments on both sides of this.
There was somebody who didn't even want to do the
last cut, and then there's a couple of others talking about, well,
if we do a little bit more cutting and we
put a bit more guard rails against weaker growth, we
know when you've got those sort of debates going on.
(29:07):
It isn't a slam duck that you just keep on
getting our rates.
Speaker 2 (29:11):
That's the fact that we've got a temporary you know,
the Reserve Bank, and we've got Christian hawksby and there
the fact we haven't got a permanent replacement. Does that
mean that they'll be more cautious or is that just talk?
Speaker 12 (29:21):
Well, I think you should probably reasonably assume that they
can't tie themselves into a future strategy too much, because
you know, if there's a new boss coming in a
couple of months, well they need to tell our a
little bit of room for them to work out what
they want to do. But you know, the data itself
also doesn't lend it as being too committed about what
(29:41):
happens next, because you don't know how things are going
to evolve. So hence that's why I think they should
be just a bit cagy.
Speaker 2 (29:48):
We've had positive signs from manufacturing and services just in
the last week, and they are you know, the high
frequency data that you talk about. Do you think these
are positive enough? Are we finally cracking the back of
this blip in our recovery?
Speaker 4 (30:05):
Oh?
Speaker 12 (30:05):
I think it's encouraging. I mean, what we sort of
saw was some actually pretty decent growth right at the
start of the year. If you sort of were talking
to me about six weeks ago, would have looked a
lot more negative than that. Probably looks like it's somewhere
in the middle now, So we're expecting to be back
onto that kind of path of trend growth quite soon.
(30:26):
This sort of indicators have seen the last month or
so encouraging science that that's still a good view to have.
Speaker 2 (30:33):
Was reading yesterday that in order to hit the Reserve
Bank estimates for growth this year, the manufacturing and the
services indicators need to be fifty three. I mean, obviously
fifty and above is growing, and we had services still
below fifty, but improving manufacturing finally cracked it. To hit
those we need to hit fifty three. Is that true?
Speaker 12 (30:54):
Oh, I think that's a pretty rough estimate, to be honest, right,
I don't really abide by those numbers. A few draw
graphs of these sorts of things against growth, you'll see
that it's a rougher relationship with that. I mean, if
I look at where those purchasing manager in the seas
are there, if you average them out, then they're probably
(31:15):
not too far short of where they were in the
first quarter, and we got zero point eight percent growth
in that quarter, which is enough. Basically right now.
Speaker 2 (31:23):
Good stuff, Kelly, appreciate your time this morning, Kelly echoled
Westpac teap economists. That decision all about two o'clock This afternoon,
it is eight to six News Talk s MB the
news you need.
Speaker 1 (31:33):
This morning and the in depth analysis early edition with
Ryan Bridge and one Root Love Where you Live News TALKSB.
Speaker 2 (31:41):
Loads of good text from parents this morning six away
from six morning, Ryan, but ironic that the teachers are
saying there won't be much of an impact on learning
from the strike. Here's the message that we get from
Long Bay College if our child is late by even
a minute, and the dramatic impact that it can have.
I'm sorry it's a bit long, she says, but here
it is. You might think it's only five minutes. Here's
the full impact. Five minutes late every day equals twenty
(32:03):
five minutes every week, four hours of miss school every term,
three full days of a school year. After ten years,
that's thirty days, which is six complete weeks of school.
One hour of lateness daily equals five hours of school
the equivalent of a full school day every week over
one term. This equates to ten school days. Two weeks missed.
Over a full school year, this equates to eight weeks.
(32:25):
Go figure cry bread. Later, six news talks, he'd be
and Mike saiy, Hey.
Speaker 3 (32:29):
Mike, i'd have to say, I mean, one percent isn't
a lot, is it?
Speaker 2 (32:34):
What are you talking about pay rises? Oh no, no
it's not.
Speaker 3 (32:37):
That's what they've been off.
Speaker 2 (32:38):
Yeah, sorry, I was thinking about times. And also we
mentioned sperm count. We're losing one percent of our sperm
count every year, which we've just reported on too. One
percent is not inflation, No, no, it is not.
Speaker 3 (32:54):
Hey, listen, trade minister you mentioned earlier on he's he's
literally in Saudi as we speak, so we'll ring him
and he's on his way to Washington. And so I
don't I would have thought me, let me put this
to you as an idea. So there's a surplus, right,
So their whole mechanism, First of all, they don't know
who we are and nor do they care, right, So
they just had a big long list of countries that
had a surplus. We have a surplus because you know,
(33:17):
et cetera. So we sell more to them than they
sell to us. Why don't we just buy something? Just
go up and say the surplus is a couple hundred
million dollars, will buy a plane.
Speaker 2 (33:26):
Funly you say that this was a suggestion I made
quite early on Mike, the one because we need in
New Zealand needs some planes. We've got some engine issues.
Speaker 3 (33:33):
Why don't we just go buy some brow a couple more, order,
a couple more, balance the ledger. Everyone else's slice the
tariff down from fifteen to ten. How hard can it be?
Why is it us running the country? Righty? Why is
it us running the country?
Speaker 11 (33:45):
Well?
Speaker 2 (33:45):
Do you know what? Who would buy them? In New Zealand?
Speaker 12 (33:49):
Oh?
Speaker 2 (33:49):
Buy the government?
Speaker 3 (33:50):
Government need a new planes up and down the country.
Speaker 2 (33:53):
Government doesn't want to spend money on anything big.
Speaker 3 (33:56):
Save your money from the money you didn't give to
the teachers. Put it into planes.
Speaker 2 (34:01):
Oh there's an idea. Todd McClay on with Mike today,
Have a great day. Run See tomorrow.
Speaker 1 (34:14):
For more from early edition with Ryan Bridge. Listen live
to news Talks it'd be from five am weekdays, or
follow the podcast on iHeartRadio.
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