October 19, 2025 • 34 mins
On the Early Edition with Ryan Bridge Full Show Podcast Monday 20th of October 2025, inflation data comes out this morning, ASB Chief Economist Nick Tuffley shares his thoughts.
Andrew Alderson has the latest on the weekend's sport.
Resources Minister Shane Jones is on a mission to sell our minerals on the global stage, he tells Ryan how he's going to do it.
Plus UK/ Europe Correspondent Gavin Grey has the latest on Police in Paris hunt a gang of thieves who broke in to the Louvre museum and the media reports Prince Andrew tried to get a police officer to dig up dirt for a smear campaign against his sexual assault accuser Virginia Giuffre.
Get the Early Edition Full Show Podcast every weekday on iHeartRadio, or wherever you get your podcasts.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
The issues, the interviews and the insight. Ryan Bridge on
earlier this ship with are the Supercenter, explore are these
successories and servicing all than one news talks there'd.
Speaker 2 (00:12):
Be Good morning and welcome to Monday. Coming up this morning,
inflation number out, how much is too much for another
ICI cut? We'll look at that. Gavin Gray on this
breaking at the Louver in Paris. Andrew and was sports.
Shane Jones is off to Sydney in the US to
talk mining. He's on the show this morning. Plus Trump's
cutting off aid to Columbia and the Netherlands has a
problem with its renewable energy. I want to get you
across too. Good morning, the agenda. It is Monday, the
(00:36):
twentieth of October. Gaza. The CEA spy is still holding,
but it's looking pretty shaky, the idea of doing airstrikes
and raffer.
Speaker 3 (00:42):
Even in the last couple of hours a number of
Israeli political figures have been calling on the government here
to resume the war in Gaza. This is exactly what
Palestinians feared, that the breathing space that they had might
happen to only just be that.
Speaker 2 (00:59):
Oh, it's just the gift that keeps on giving in
the worst possible way. Fresheadlines and problems for Andy. This
morning Scotland Yards investigating claims that he tried to use
his police protection to dig up personal information on one
of his accusers, Virginia Jiuffrey. The Mail on Sunday has
the story. This was back in twenty eleven.
Speaker 4 (01:17):
They are deeply concerning allegations.
Speaker 5 (01:19):
I think there will people want to look at those
allegations and what the substance is behind them.
Speaker 4 (01:23):
But obviously that is a if that is correct, that.
Speaker 6 (01:26):
Is absolutely not the way that close protection officers should
be used.
Speaker 2 (01:31):
And to this big story this morning breaking at the
Leeuve in Paris, hunters on for the thieves. Now they
took priceless jewelries. Police say thieves broke into the Apollo
gallery using a mechanized lift, carried chainsaws and escaped on
a scooter.
Speaker 7 (01:46):
And there's a sense that this is one area in
which the country is behind the thieves if you like
that the thieves are getting more and more daring, sophisticated,
and the money that is there to be spent on
security in museums cross the country is going down, and
that there is a sort of week where a week
point here where museums are very exposed.
Speaker 1 (02:08):
Views and views you trust to start your day. It's
earlier this ship with Ryan Bridge and r V Supercenter
explore RVs accessories and servicing. Fall and One News Talks.
Speaker 2 (02:20):
Eight after five. We've actually had spoken about the louven
in Paris a couple of times on the show because
they are renovating and they have been upgrading because there's
mold in some of the display rooms, so they and
this always happens whenever there's a break in. It's always
when there's a reno going on, and this is the
case here. They've apparently gone through the area that was
(02:40):
being renovated. It was nine thirty am on a Sunday morning.
These guys should have been in church, but they weren't.
They were stealing priceless jewels now in this particular room there.
They said the jewels of a stolen had unmeasurable heritage
value and apparently it's basically French sort of royal jewels
(03:01):
that were kept in here. They call them prices, but
they're obviously not prices, are they? A couple of things,
A couple of projections for you this week, Big news Week.
This week, we get inflation today, which will be bad
in the sense that it will still be going up.
It'll be either at or hovering around three percent. This
is what the pundits tell us, which is of course
the upper limit for the Reserve Bank. But it won't
matter too much. The bank will still cut by twenty
(03:23):
five basis points next month, and that will probably be
it house prices they reckon. We'll start picking up the summer,
the wealth effect will kick and job security should be
sort of next year. Is anyone you know actually believing
any of this anyway? This is what we're told. Hopefully
we will get to a point where we stop being
so scared of spending our money, which is where we
are at the moment. Migration still not kicking into gear.
(03:46):
I spoke to Erica Stamford last week. She said, because
she sees a bunch of high they call it high
frequency data. She sees a bunch of stuff that we
don't see, like applications for visas, online searches for visas,
that kind of stuf. She says, those things are picking up,
so you've got to hope that she's right. In Rome
this week, Leo meets King Charles. This is the first
(04:08):
time you will see the monarch and the king and
the leader of the Catholic Church praying together at the
same church since the Reformation in the sixteenth century. And
here's a prediction, and we're already seeing it this morning.
Despite leaning on Andy to give up his titles and
avoid the media storm, the media storm will happen anyway,
because the headlines keep on a coming. Plus, in Hungary,
(04:30):
Trump is supposedly going to meet Putin, if not this
week then next. And we shouldn't hold our breath for
peace in Ukraine because the bombing only picked up in
intensity and frequency after Alaska. Remember that. And for those
hoping that one of the EU countries, because the Kremlin,
the flying Kremlin, which is Putin and his planes, they
(04:50):
have to travel over the EU or an EU state
to reach Budapest. And there are people who are hoping
that someone might intercept the flight and arrest Putin. It's
not going to happen. It's up to each country to
decide what happens. And most of them seem to think
and Brussels has certainly said they seem to think that
peace talks are better than no peace talks. Bread Rich
(05:12):
five eleven on your Monday morning. We'll get to the
Minister Shane Jones on minerals, next, the News.
Speaker 1 (05:18):
You Need this morning and the in depth analysis early
edition with Ryan Bridge and are the Supercenter explore r
these accessories and servicing fall in one news talks.
Speaker 2 (05:28):
That'd be five point thirteen. Great to have your company
this morning. So you know how Trump's blowing up drug
boats that are coming out of Venezuela. He's going a
step further with Colombia. He's called the Colombian president an
illegal drug leader. This is Petro and he said he's
not doing enough to stop the drugs coming out of Columbia,
which is a big part of the problem and feeding
the epidemic that's going on in the United States. So
(05:49):
he has come up with a plan, which he has
released eloquently as always on Truth Social on Sunday, and
the plan is basically cut off all their aid. Two
hundred million American dollars go into Columbia every year and
Trump says, well that's about to end, Ryan Bridge. Resources
Minister Shane Jones is on a mission to sell our
minerals on the global stage. He's heading to Australia. Then
(06:10):
he's heading to the US. He's attending mining and geothermal conferences,
hoping to push for growth. Shane Jones is with me
this morning, minister, Good morning today. What are you hoping
to get out of this?
Speaker 8 (06:21):
Oh, obviously we're going to promote the fact that we've
got a sense of endowment for minerals. They've been hidden
for a long time as various governments have come to
a preoccupation and ankst ridden denial of how important minerals
can be to our growth.
Speaker 2 (06:38):
Isn't the problem though, You'll say I'm pro minerals, let's
dig it up, and then investors might say, well, what
about your opposition who could be in next year?
Speaker 8 (06:48):
The Yeah, the problem that and I've had this discussions
with various other media, the problem that we've got. They said,
if we don't have a strong voice, which I represent,
and it's been absence since Helen Clark's time, then we
all just surrender to the shrillness and the wocism and
it's keeping us poorer. And I think what investors are
(07:10):
warming to is that in New Zealand there is a clear,
loud voice that's standing up and pushing back the tide
of ignorance. And look, if we don't do this, New
Zealand's going to be poorer for it.
Speaker 2 (07:24):
You've said we've got strong growth in permit applications. Do
you have any numbers? Yeah.
Speaker 8 (07:32):
Sadly, the recent crappy economic figures said that the mineral
sector wasn't doing well, but what it referred to actually
was the decline in oil and gas. But there are
hundreds of permits that have been processed. There's virtually no
one who is in a waiting line being mucked around.
(07:53):
I took over the role at the end of twenty
twenty three. I suggested to Envy that all decisions should
be made by myself personally. They promised me that they
could handle it, and they've lived up to their word.
These are not environmental permits. These are permits that enable
you to go prospecting, exploring. You still have to sort
out a land use permit, and of course that's where
(08:16):
we strike dock But TAMA is introducing economic criteria into
the Conservation Act that should accelerate the pace which the
system allocates land use consents to the extent that the
mining is on dock land.
Speaker 2 (08:32):
There's a Utah Governor Spencer Cox I was reading about
last night. Who's doing a trade mission here? Have you
met with the governor and apparently there's eighty of them here.
They're quite interested in critical minerals.
Speaker 8 (08:43):
Yeah. No, my officials are well and surely engaged. Well,
not only this particular delegation, but we've got in our
mineral sands on the west coast down around hok Ticula
and Westport a mineral known as monocyte, and within that
mineral are a host of other incredibly important various minerals,
(09:03):
and looked us no shortage of interest coming out of
the States and various other places. So behind the scenes
we've got our own little global races to who can
work closest with the permit holders in New Zealand. But
the reality is they've got to step up to the
plate and spend their money because we're a free market, open,
liberal trading economy, and money walks sort of crap walks
(09:24):
and money talks.
Speaker 2 (09:26):
SAME's Minister for Resources with us this morning. It's seventeen
minutes after five. By the way, the Meat Industry Association
updated US over the week in red media exports, reaching
seven hundred and seventeen million dollars during August. That's a
wait for it, twenty two percent increase year on year.
This is value obviously, because the prices have gone up.
(09:46):
The US is the largest overall market for US up
nine percent on August twenty twenty five, sorry, up nine
percent for August twenty twenty five on twenty twenty four,
two hundred and three million dollars. They're worth to US.
Encouraging signs. Also out of China, demand for both sheep
meat and beef up thirty nine percent in value to
one hundred and fifty million dollars. If you're thinking about
(10:08):
the tariffs, well, the tariffs came in, so fifteen percent
for the US came in to affect the seventh of August.
But we're not expecting to see in the Meat Industry Association,
not expecting to see those numbers come through or the
effect of the tariffs to come through until the September
and October Export data five eighteen.
Speaker 1 (10:28):
News Talk SEBB the first Word on the News of
the day Early edition with Ryan Bridge and r V
Supercenter explore r v's accessories and servicing all in one.
News Talk SEDB five.
Speaker 2 (10:41):
Twenty one on News Talk SAIB We'll get to Andrew
Ortison a sport in just a second, a very brief second.
I just have to fill you in on something that's
come out from the Herald, because you know, to Party
Mahudi and the Greens go on and on about the
rich elite have too much property, too much wealth, even
though Debbie Nardie were packer of Party Mahdi holidays and
during house sitting days. I should add anyway, now there's
(11:05):
a story come out this morning that the Departy Marty
co leader Debbi nadi Wa Packer failed to declare two
properties under Parliament's rules, failed to declare the ownership under
transparency rules contacted by the Hero on September twenty fourth,
and there's more to the story. I'll update you in
just a few seconds. Twenty one after five Now, Ryan
(11:26):
Bridge Andrews here with Sport. Andrew, good morning, greetings, Ryan.
Speaker 5 (11:29):
Sounds sounds spicy.
Speaker 2 (11:30):
It sounds spicy, doesn't it. We'll get stuck into that,
no doubt. Thrillers. This is league. We've had a couple
of thrillers, both men's and women's.
Speaker 5 (11:37):
We have indeed, so yeah, TAAs More and fetuso I
both beat both Kiwis and Kiwi Fairs respectively, but close games.
So we had with the women's match with Milli Hufanga
center scoring in the late late stages the late standers
and needed doing a Patricia Maliepo conversion to win that
(11:58):
twenty two twenty and then the match the men's match
later on twenty four to eighteen in the end, so
the Kiwi's scoring a curtsey of a bomb there from
Karen Forum towards the end, seventy third minute I think
it was, and they held on twenty four eighteen. So yeah,
Victorian news. You know, a good close contests at Mount Smart.
Speaker 2 (12:18):
Brilliant and the black Caps England.
Speaker 5 (12:20):
That keeps England washed out the first match that yeah, yeah,
So this is what you get when you schedule matches
in October in New Zealand, even on the Eastern seaboard.
It's a risky business. So but I suppose the more
important news this morning came Williamson is back in the
one day side for the one days will start next
week next Sunday, I think it all this is coming Sunday,
(12:41):
so it'd be great to have the thirty five year
old back as part of that lineup.
Speaker 2 (12:45):
Brilliant and if one I said Liam Lawson was well
of the steppings, doing very well, isn't he throw it back?
Speaker 5 (12:53):
And then there were clamity from McLaren in various aspects
there with the earlier race in the sprint races.
Speaker 2 (12:59):
See but.
Speaker 5 (13:01):
I menist online for them and they've already won the
constructors but still online for the individual tamp but stipp
and keeping the honest ahead of the circuit of the
America's Race US Grand Prix this morning in Austin, Texas.
I think Lawson on twelfth on the grid for that,
so I think it gets underway at eight am.
Speaker 2 (13:18):
Brilliant Andrew thinks that updates Jess as always, it's Andrew
Ordison a sport twenty three minutes after five. Nigel Farrage
over in the UK. Nigel Farrage can just do no wrong.
He's beaten James Cleverly, who's with the Conservatives. He's basically
beaten everyone else any other British politician, male politician in
(13:39):
a new race which is the UK's Sexiest Politicians list.
Nigel Farrage. I know he's coming at number one, twenty
one percent of the vote. This is a pole commissioned
by a dating website that's making headlines over in the
UK this morning. How on earth does this happen? He's
at number one, Starmer is at number nine, so it's
(14:01):
a shallow Paul Angela Rainer, by the way, from Labor
she won the sexiest female politicians of twenty two percent.
We'll get head to the UK with Gavin Gray after
News and Sport at five thirty.
Speaker 1 (14:12):
News Talks itb the early edition full the show podcast
on iHeartRadio How It By, News Talks AB.
Speaker 2 (14:19):
News Talks AB It's five twenty six. Don't expect a handout.
That's basically the message to homeowners who are hoping the
government will swoop in and buy out houses after the
next big cyclone, as they have been doing to this point.
Watts is the Climate Minister. He took a paper to Cabinet.
I had to read of it at the weekend. They
haven't immediately turned the tap off to buyouts, but they're
(14:40):
making it pretty clear it won't be long before they do.
How long does it say? Specifically, just sometime in the
near future. If you're buying a house or you're buying land,
you're going to want to check flood zones very carefully. Basically,
after the Auckland floods, you know which parts of your
suburb are prone to flooding. You can see it, you
(15:00):
saw it. That's generally where you don't want to buy.
You're going to have to manage this risk. We are
going to have to manage this risk. Our insurers are
going to have to manage this risk and try and
mitigate it. The Council and the government spent two billion
on buyouts. This is after the Auckland floods. That may
not happen next time. And guess how many homes are
sitting in flood prone areas right now in New Zealand. Apparently,
(15:23):
according to the latest data, hundreds of thousands worth one
hundred and eighty billion dollars combined. It means insurance will
be more expensive or non existent for some areas and
some properties. The government basically wants to take itself out
of the risk equation, one because it's cheaper for them,
two because buying out flood prone land distorts the market.
(15:46):
If you know a buyout is going to happen, you'll
be less worried about flooding and pay more than you
should for the site. The scientists tell us that damage
from cyclones and floodings is only going to get more
intense and frequent, and you should basically consider this a
warning from the government. They don't want the same thing
that's happening to the properties happening to their books. Brian Bradword,
(16:10):
twenty eight after five. So back to Debbi and Narne
would Packer for just a very brief second. So there's
a Herald story out this morning. So what the Herald
did was do a search of properties, which MPs own
which properties and then marry that up with the Register
of Pecuniary Interest to see whether they've declared that they
own these properties, because you're supposed to do so. They
(16:30):
emailed a bunch of MPs. This was on September twenty fourth,
this is the Herald, and these MPs all replied to
the thing and said, oh I made a mistake. Whatever
Debbie didn't. She said through a spokesperson that she would
be unable to respond as she was attending a tonguey okay.
(16:51):
Every year since she entered parliament in twenty twenty, Packer
has declared her interest in one property. The Herald investigation
found she owned two more, and she never declared them.
On September twenty six, she updated the parliamentary declaration to
include the two properties identified by the Herald, but she
has never responded. Didn't respond to the Herald despite repeated
(17:14):
queries over several weeks. Neither she nor to party Marory
responded to the questions just when in sneakily updated the record.
I hope no one would notice. Well someone noticed. Five
twenty nine News Talk ZB Gavin Gray after News.
Speaker 1 (17:38):
Get ahead of the headlines on early edition with Ryan
Bridge and r V Supercenter explore RVs accessories and servicing
all in one News Talks at B.
Speaker 2 (17:50):
Twenty four away from six on your Monday morning coming up.
We've got inflation number out this morning. We'll talk to
ASB about that before six. Plus Gavin Gray in the
UK for US on the jewelry heist, the Louver in
Paris overnight, the mega strikes coming this week. Is the
PPTA going to solve the crisis in the Middle East? No,
So why are they putting it on the agenda at
(18:11):
all to speak to the ministers about when they go
for a meeting about strikes and about pay and about conditions.
Judith Collins and Eric Stamford are doing quite a clever
pr strategy. It's a good cop bad cop thing, Erica says, teacher.
She's the teachers cheerleader. You know, she's got the pomp
poms out. And then Judith comes in and plays bad
(18:32):
cop and puts the light in your eyes in the
interrogation room and makes you feel uncomfortable. And she put
out an open letter, which, by the way, how many
open letters do we get every day?
Speaker 9 (18:42):
Now?
Speaker 2 (18:42):
Is any letter closed? You know, if it's not open
to begin with, it's leaked. So anyway, let's give up
the whole open letter thing. She's written a letter. That's
not what I got irked about at the weekend. What
I got irked about was the response from the PPTA
from Abercrombie. He says, if the government wants to make
us an offer, we would consider that. There is not
another planned meeting until November. Now, I'm sorry. If you're
(19:06):
a parent in this country and your kid is missing
school and you've got a teacher only day coming up,
and then you've got labor so that's five days coming up.
You know that it includes a week ind but you've
got five days that you need to sort. Are you
not angry about that? Why would you not have another
meeting schedule to talk about the very thing you're striking about.
(19:28):
They should be meeting every day. They should be forced
to be locked in a room together every day until
the strike. It's the only way surely that they will
get a conclusion to it. Twenty two away from six
Bridge and our reporters around the country now Callum's and
need and Callum, good morning morning. Right, the Otago Community
(19:48):
Trust has been taking soundings from locals. Yeah, look, they've
got a short survey out so just to find where
the best place is to put there are they're funding.
They're asking the community here what matters most to determine
where millions of dollars of grant money from the Community
Trust should go and should be dispersed around Otago. The
Community Trust says it's important for philanthropic organizations like them
(20:11):
to check in with the communities to help in the
most beneficial way. So they say this survey is the
best way to help Otago into the future and for
them to understand the aspirations right across the diverse region
when making these funding decisions. Right, how's your weathery, Collum.
We've got that strong wind warning here in the south
Gaale northwest is gusting one hundred and twenty k's here.
(20:33):
They should ease this afternoon showers today the high twenty
Thank you and clear than christ Church clear. Good morning,
good morning, A sad day for your arts community.
Speaker 10 (20:42):
Yes well. Our cherished sand artist Peter Donnelly has died
at the age of seventy four. Those who are familiar
with Donnelley's work will know that he created these massive
sand artworks at New Brighton Beach for seventeen years, from
about ninety seven until twenty fourteen. He effectively used a
garden rake as a sandbrush. His first piece of work
(21:05):
was on the day the New Brighton Pier opened. In
that time he created more than one thousand pieces of
sand art. They got more detailed and intricate as the
years went on. Now in a two thousand and seven
documentary titled Sandman, Donnelly says he would work to bring
something to life and then after a few hours, would
gift that art back to the sea. He died last
(21:26):
week after suffering from some chronic illness. His death notice
describes him as incredibly talented, unique, intelligent and one.
Speaker 2 (21:33):
Of a kind sounds like a very sad thing. Indeed clear.
Speaker 10 (21:36):
How's your weather, Madi find a bit of high cloud
about today. We may see a shower tonight, gusty Norwester's
and the high will be twenty one.
Speaker 2 (21:43):
Thank you Max and Wellington Max, good morning morning. You've
got the new mega water entity and it's looking for
a new leader.
Speaker 11 (21:52):
A quick update on this. Secrecy is the term used
by the Post newspaper. In fact, apparently the writer believes
a little odd that Match Water not telling us who
is on its panel or board tasks with appointing a
new chief executive. And they are appointing a new chief
executive soon a Metro Water, of course, coming under National's
Local Water Done Well policy. We've had a really terrible
(22:15):
performance by Wellington Water for some years in the capitol.
Now names have been floated to lead Metro Water, Campbell Barry,
for instance, perhaps for another role though not chief executive.
Nick Leggett says he's a no. He's the current chair
of Wellington Water, but not a good look perhaps to
be this early cloaking oneself ahead of launching mid next year.
There is a panel they are deciding on a chief executive.
(22:37):
We just don't know who they are. Dame Kerry Prendergast
is the chair of the oversight group. It's going to
have to be a bit of a schmoozer to get
more money out of council for these leaks. The leagues
have been getting better, but are still pretty bad. Announcements
to come.
Speaker 2 (22:50):
All right, how's your weather?
Speaker 11 (22:52):
Mostly find strong wind sixteen.
Speaker 2 (22:54):
The high Central nic one neighbors, the North Clinton Morning neighbor.
Speaker 12 (22:56):
That morning's all happening in your studio, wasn't.
Speaker 2 (22:58):
It that you're talking about the bright lights? Right lights,
I'm pretty sure they're always on.
Speaker 1 (23:02):
No, no, they're not.
Speaker 12 (23:04):
These ones. Gosh, we could perform surgery.
Speaker 2 (23:06):
We're trying to make you look pretty with that.
Speaker 12 (23:10):
And the smell of smoke.
Speaker 2 (23:12):
No, no, we've been talking about this. There's a funny
smell in the studios smell. I'm already nervous about what
Mike's going and he's going to say it's me or
it's something to do with me, but it's not.
Speaker 12 (23:22):
It's always on a Monday, you know, after the weekend.
I mean, do I have to blame the weekend people again?
Speaker 2 (23:28):
It smells like someone's been smoking cigarettes.
Speaker 12 (23:31):
When I came in here.
Speaker 8 (23:32):
I thought it was you.
Speaker 12 (23:32):
That's why I was going, what is going on?
Speaker 2 (23:35):
Certainly not me? Hey, we had a whole bunch of
special votes in the Auckland local body election and half
of them were invalid.
Speaker 12 (23:43):
You're right, so there were more than ten thousand, yet
more than a half invalid. Now they were disallowed. This
was because of incorrect missing declaration details or just outdated
enrollment details for goodness sake, but we can say that
the final, final, final results can firm that Sane Brown
is mere elite. With one hundred and eighty thousand votes,
(24:04):
the council says, look there please, with this record number
anyway of special votes cast, they think, you know, pretty
good shows that people are motivated, motivated.
Speaker 2 (24:12):
They're motivated, but they're not filling the forms of probably.
How's are weather?
Speaker 4 (24:16):
Okay?
Speaker 12 (24:17):
Early shower is clearing this morning to a lovely fine day.
Summer is here, high of twenty two.
Speaker 2 (24:21):
Brilliant, Thanks Neva. Seventeen away from six News Talks thereb
We're in the UK Europe next with Gavin Gray. You've
probably heard me harp on about performance and results a
lot on this program, and it's something I'm always paying
attention to for good reason. It's how you get places.
So the latest independent data from morning Star is worth noting.
Milford's key we Savior Funds are number one for performance
(24:43):
over the past ten years in the active, growth, balanced
and conservative categories. That is proven long term consistency. If
you want to see these numbers for yourself, they're independent.
You can do it at Morningstar dot com dot au.
Melford's also been recogniz with a string of industry awards
including canstars Kee we Save a Provider of the Year Award,
(25:04):
Outstanding Value and most Satisfied Customers. They've won the Consumer
People's Choice Award eight years in a row. Now and
you don't do that by accident. For proven performance and
happy customers, Milford's worth the look. Changing to Milford can
take you just a couple of minutes online. Past performance
is not a reliable indicator of future performance. Milford Funds
(25:24):
Limited as the issuer of the Milford Kee wesab plan.
Go to milfindesset dot com to read the product disclosure
statement and to see their financial advice Provider Disclosure Statement.
Speaker 1 (25:34):
International correspondence with Ends and Eye Insurance Peace of Mind
for New Zealand business.
Speaker 2 (25:40):
Got a big heights at the Louver in Paris. Kevin
Gray is a UK europe correspondent, Gavin, do we know
what these thieves got away with?
Speaker 4 (25:47):
Well, Ron the police have been a bit vague at
the moment, but it's thought to be relating to the
former royal family of France. Indeed, it is said that
they dropped a very very valuable piece of jewelry that
was the crown of the wife of Napoleon. So these
(26:08):
artworks were very very well regarded among the antique world,
they were ancient, they were very important to France, and
yet they were taken from the Louver. The Louver is
the world's most popular museum, draws up to thirty thousand
visitors a day, and as they were opening for business today,
just before that, all of a sudden, it's thought three
maybe four men wearing hoods broke in via unbelievably a
(26:34):
sort of a lifted hydraulic platform that was parked outside
on the River Sine side of the Louver, and then
used cutters to effectively get in through a window and
then just take what they could. And it appears that
they've got away with quite a lot of very very
valuable and important jewelry nine pieces in total, including a necklace,
(26:56):
approach and a tiara from the Napoleon and French Sovereigns
disc display cases. It's been reported by the Parisian newspaper
it's sought two suspects inside the third state outside they
all got away on a motorbike and the museum has
been shut the rest of the day, but not before
a huge amount of panic when people queuing to get
in all of a sudden were told to evacuate the
(27:18):
building as soon as possible. A massive manhunt now underway
in Paris.
Speaker 2 (27:22):
Given what about Prince Andrew. He's going to not use
his titles anymore, but there's more headlines about him.
Speaker 4 (27:28):
There are, I'm afraid, And this comes ahead of Tuesday's
publication of Virginia Giufrey's memoir. I remember Virginia Giufrey was
the woman who accused Prince Andrew of having sex with
her when she was seventeen, saying she was effectively trafficked
by the late disgraced financier Jeffrey Epstein. So we're waiting
(27:48):
to find out Watt's in the book. In the meantime,
we're getting more and more information. Yes, Prince Andrew has
decided to completely step back from the royal family. It
was said, in conjunction and consultation with the King he
was going to not use his titles anymore. I think
we can read between the lines. The King told him
he was not going to use his titles anymore. But
now we're also getting reports that Prince Andrew asked a
(28:11):
London police officer to dig the dirt on Virginia Dufrey
just before that famous picture which shows him with his
arm around her waist, a picture which he says has
been photoshopped and he never met Virginia Jeu Frey. To
be clear, Prince Andrew says he has nothing to be
ashamed of. He's not hidden anything regarding this, and that
(28:34):
he never met Virginia de Frey. But it looks like
this latest thing about asking a police officer is yet
more trouble for him and further problems for the King
as he tries to distance himself from his younger brother Devin.
Speaker 2 (28:47):
Thank you, Gavin Gray, UK, your correspondent, just gone ten
to six. Ry We didn't place data out this morning.
This is for the September quarter. Economist predicting a fifteen
month high should be at or around three percent, they
reckon up from two point seven percent in June. The
driver's food power rates. Nick Tuffley, chief economist today, asp
with me this morning that good morning, good mine. If
(29:07):
it's at or around three percent, the RBNZ should still
cut next month anyway, Well, we.
Speaker 9 (29:14):
Think that's the case. They were forecasting around three percent
when they made their last decision. They were talking about
it being around three percent, So you two point nine
three three point one shouldn't really matter too much. The
thing really is the confidence that inflation will fall back
next year, and that's what they've got a lot more
confidence in compare to say, six months ago.
Speaker 2 (29:36):
Growth for quarter three. I asked Nicola, what is about
this the other day? She said she's getting indications that
it's subdued. Is the word that she's using. Are we
in stagfation right now? You know, when you have low
known growth in high inflation. Is that would we be
considered technically in that? Or how do you get into stagfation?
Speaker 9 (29:54):
I think you've got a period where you do have
sustain minimal growth and sustain high inflame. You used you
call yourself in stagflation, But look, this is a period
where we are having a very awkward blip up in inflation,
but at a time when we think the economy is
starting to grow again, and we do think we'll see
certainly next year an economy where inflation is getting direct
(30:17):
to a more normal level and growth has actually start
to look more reasonable.
Speaker 2 (30:20):
The IMF said last week that they were predicting two
point two percent for twenty twenty six for New Zealand.
Are they on the money?
Speaker 9 (30:28):
I think a sort of roughly trending up to around that.
It'll be a case of there's only so fast we
can actually grow when we have a period of sort
of moderate population growth. So around that sort of two
plus percent mark is going to be pretty reasonable performance
when we look at things like productivity still relatively low
(30:48):
in population growth is slow.
Speaker 2 (30:50):
Nick, appreciate your time this morning. Thank you, Nick Tuffley,
Chief economist at ASB. Time is eight minutes away from
six news Talk CB.
Speaker 1 (30:58):
On your Radio and Lane on iHeartRadio Early Edition with
Ryan Bridge and Are the Supercenter explore a v's accessories
and servicing all in one news talksa'd.
Speaker 2 (31:10):
Be just gone six to six. Not a lot of
love for the teachers on the text machine this morning, Ryan.
The senior students are nearly on study leave. Then they
don't have teaching again until January. That's basically three months off. Seriously,
when are they supposed to learn? Ryan? The teachers and
the rest of the unionized public sector are being unreasonable.
The economy we have isn't big enough to support what
they're demanding. It is six to six, Ryan might here
(31:33):
now morning, Mike, Good morning. We're just talking about open
letters before, which everyone's doing these days. Is any letter
actually closed? That's a good question, although I do.
Speaker 7 (31:43):
I do.
Speaker 6 (31:43):
Judith's letter I thought yesterday was particularly insightful one. I mean,
I don't know how many people will end up reading it,
and I don't know how much of the media actually
covers it. But if you read the whole letter, it's
a very good letter.
Speaker 8 (31:54):
One.
Speaker 6 (31:55):
The Palestine thing is I think, so revelation to most people.
Most people will be like, are you serious? Number one issue?
Is Palestine?
Speaker 2 (32:04):
Get real? And then she goes through.
Speaker 6 (32:06):
What I didn't realize for sure was that the business
and you remember and the early part of the government's term,
Seymour started talking about these teacher ony days and if
you could put them into the holidays. They've apparently rejected
that and they've never done it, which explains why people
keep texting me going, well, how come we've got teacher
ony days. So they just said, no, we're not doing it.
So there's that. Then she outlines in a letter what
(32:28):
these people earn, and to be frank, some of the money.
Speaker 2 (32:32):
Is pretty reasonable.
Speaker 6 (32:33):
No one's getting wealthy.
Speaker 2 (32:34):
Sixty six percent of them paid a base salary of
at least one hundred K. This is if they accept
what they've been offered. That's up from forty percent.
Speaker 6 (32:42):
If you look at this country in the average wage,
we had some numbers out last week. The average wage
in this country pretty much, it doesn't matter where you live,
is seventy something. It's really seventy seventy two seventy three
thousand dollars. If you're on six figures, you're doing fine,
you know. And I think we've got to the point
now we're all full of sympathy for the teachers and
the nurses and stuff. But when you're reading over one
hundred thousand dollars, you're not doing too badly.
Speaker 2 (33:01):
It's the same member when they have the get back
to the office thing from the government with the public service.
Nothing happened and the most common day that they would
work from home was always the Friday or the Monday.
Peep that really irks people.
Speaker 6 (33:13):
Yes it does, and so I think this there's politics.
And you'll notice the unions today as he's saying, you
know it's about resources and stuff. It's not known because
if it was about resources, don't ask for a pay rise.
A take your pay rise money and.
Speaker 2 (33:24):
You know, and if you want to get an extra
one percent a year added to your salary as a teacher,
the easiest thing to do would be to quit the
union because that's how much it costs.
Speaker 6 (33:34):
Hundred percent. And that's the other thing. Do remember when
they talk about whatever they're asking for, that's on top
of what they get already in terms of step up.
So most of them have step ups anyway, So you're
getting increases anyway.
Speaker 2 (33:45):
Your auto step up, it's the auto.
Speaker 6 (33:47):
Step up, so it's the increase on the auto step up.
Speaker 2 (33:50):
So those are anyway, we'll talk about level the ployment.
You've got the PM this morning, looking forward to it.
Mike Theeda Murray, have a great day
Speaker 1 (34:00):
And for more from early edition with Ryan Bridge, listen
live to news talks it be from five am weekdays,
or follow the podcast on iHeartRadio
The issues, the interviews and the insight. Ryan Bridge on
earlier this ship with are the Supercenter, explore are these
successories and servicing all than one news talks there'd.
Speaker 2 (00:12):
Be Good morning and welcome to Monday. Coming up this morning,
inflation number out, how much is too much for another
ICI cut? We'll look at that. Gavin Gray on this
breaking at the Louver in Paris. Andrew and was sports.
Shane Jones is off to Sydney in the US to
talk mining. He's on the show this morning. Plus Trump's
cutting off aid to Columbia and the Netherlands has a
problem with its renewable energy. I want to get you
across too. Good morning, the agenda. It is Monday, the
(00:36):
twentieth of October. Gaza. The CEA spy is still holding,
but it's looking pretty shaky, the idea of doing airstrikes
and raffer.
Speaker 3 (00:42):
Even in the last couple of hours a number of
Israeli political figures have been calling on the government here
to resume the war in Gaza. This is exactly what
Palestinians feared, that the breathing space that they had might
happen to only just be that.
Speaker 2 (00:59):
Oh, it's just the gift that keeps on giving in
the worst possible way. Fresheadlines and problems for Andy. This
morning Scotland Yards investigating claims that he tried to use
his police protection to dig up personal information on one
of his accusers, Virginia Jiuffrey. The Mail on Sunday has
the story. This was back in twenty eleven.
Speaker 4 (01:17):
They are deeply concerning allegations.
Speaker 5 (01:19):
I think there will people want to look at those
allegations and what the substance is behind them.
Speaker 4 (01:23):
But obviously that is a if that is correct, that.
Speaker 6 (01:26):
Is absolutely not the way that close protection officers should
be used.
Speaker 2 (01:31):
And to this big story this morning breaking at the
Leeuve in Paris, hunters on for the thieves. Now they
took priceless jewelries. Police say thieves broke into the Apollo
gallery using a mechanized lift, carried chainsaws and escaped on
a scooter.
Speaker 7 (01:46):
And there's a sense that this is one area in
which the country is behind the thieves if you like
that the thieves are getting more and more daring, sophisticated,
and the money that is there to be spent on
security in museums cross the country is going down, and
that there is a sort of week where a week
point here where museums are very exposed.
Speaker 1 (02:08):
Views and views you trust to start your day. It's
earlier this ship with Ryan Bridge and r V Supercenter
explore RVs accessories and servicing. Fall and One News Talks.
Speaker 2 (02:20):
Eight after five. We've actually had spoken about the louven
in Paris a couple of times on the show because
they are renovating and they have been upgrading because there's
mold in some of the display rooms, so they and
this always happens whenever there's a break in. It's always
when there's a reno going on, and this is the
case here. They've apparently gone through the area that was
(02:40):
being renovated. It was nine thirty am on a Sunday morning.
These guys should have been in church, but they weren't.
They were stealing priceless jewels now in this particular room there.
They said the jewels of a stolen had unmeasurable heritage
value and apparently it's basically French sort of royal jewels
(03:01):
that were kept in here. They call them prices, but
they're obviously not prices, are they? A couple of things,
A couple of projections for you this week, Big news Week.
This week, we get inflation today, which will be bad
in the sense that it will still be going up.
It'll be either at or hovering around three percent. This
is what the pundits tell us, which is of course
the upper limit for the Reserve Bank. But it won't
matter too much. The bank will still cut by twenty
(03:23):
five basis points next month, and that will probably be
it house prices they reckon. We'll start picking up the summer,
the wealth effect will kick and job security should be
sort of next year. Is anyone you know actually believing
any of this anyway? This is what we're told. Hopefully
we will get to a point where we stop being
so scared of spending our money, which is where we
are at the moment. Migration still not kicking into gear.
(03:46):
I spoke to Erica Stamford last week. She said, because
she sees a bunch of high they call it high
frequency data. She sees a bunch of stuff that we
don't see, like applications for visas, online searches for visas,
that kind of stuf. She says, those things are picking up,
so you've got to hope that she's right. In Rome
this week, Leo meets King Charles. This is the first
(04:08):
time you will see the monarch and the king and
the leader of the Catholic Church praying together at the
same church since the Reformation in the sixteenth century. And
here's a prediction, and we're already seeing it this morning.
Despite leaning on Andy to give up his titles and
avoid the media storm, the media storm will happen anyway,
because the headlines keep on a coming. Plus, in Hungary,
(04:30):
Trump is supposedly going to meet Putin, if not this
week then next. And we shouldn't hold our breath for
peace in Ukraine because the bombing only picked up in
intensity and frequency after Alaska. Remember that. And for those
hoping that one of the EU countries, because the Kremlin,
the flying Kremlin, which is Putin and his planes, they
(04:50):
have to travel over the EU or an EU state
to reach Budapest. And there are people who are hoping
that someone might intercept the flight and arrest Putin. It's
not going to happen. It's up to each country to
decide what happens. And most of them seem to think
and Brussels has certainly said they seem to think that
peace talks are better than no peace talks. Bread Rich
(05:12):
five eleven on your Monday morning. We'll get to the
Minister Shane Jones on minerals, next, the News.
Speaker 1 (05:18):
You Need this morning and the in depth analysis early
edition with Ryan Bridge and are the Supercenter explore r
these accessories and servicing fall in one news talks.
Speaker 2 (05:28):
That'd be five point thirteen. Great to have your company
this morning. So you know how Trump's blowing up drug
boats that are coming out of Venezuela. He's going a
step further with Colombia. He's called the Colombian president an
illegal drug leader. This is Petro and he said he's
not doing enough to stop the drugs coming out of Columbia,
which is a big part of the problem and feeding
the epidemic that's going on in the United States. So
(05:49):
he has come up with a plan, which he has
released eloquently as always on Truth Social on Sunday, and
the plan is basically cut off all their aid. Two
hundred million American dollars go into Columbia every year and
Trump says, well that's about to end, Ryan Bridge. Resources
Minister Shane Jones is on a mission to sell our
minerals on the global stage. He's heading to Australia. Then
(06:10):
he's heading to the US. He's attending mining and geothermal conferences,
hoping to push for growth. Shane Jones is with me
this morning, minister, Good morning today. What are you hoping
to get out of this?
Speaker 8 (06:21):
Oh, obviously we're going to promote the fact that we've
got a sense of endowment for minerals. They've been hidden
for a long time as various governments have come to
a preoccupation and ankst ridden denial of how important minerals
can be to our growth.
Speaker 2 (06:38):
Isn't the problem though, You'll say I'm pro minerals, let's
dig it up, and then investors might say, well, what
about your opposition who could be in next year?
Speaker 8 (06:48):
The Yeah, the problem that and I've had this discussions
with various other media, the problem that we've got. They said,
if we don't have a strong voice, which I represent,
and it's been absence since Helen Clark's time, then we
all just surrender to the shrillness and the wocism and
it's keeping us poorer. And I think what investors are
(07:10):
warming to is that in New Zealand there is a clear,
loud voice that's standing up and pushing back the tide
of ignorance. And look, if we don't do this, New
Zealand's going to be poorer for it.
Speaker 2 (07:24):
You've said we've got strong growth in permit applications. Do
you have any numbers? Yeah.
Speaker 8 (07:32):
Sadly, the recent crappy economic figures said that the mineral
sector wasn't doing well, but what it referred to actually
was the decline in oil and gas. But there are
hundreds of permits that have been processed. There's virtually no
one who is in a waiting line being mucked around.
(07:53):
I took over the role at the end of twenty
twenty three. I suggested to Envy that all decisions should
be made by myself personally. They promised me that they
could handle it, and they've lived up to their word.
These are not environmental permits. These are permits that enable
you to go prospecting, exploring. You still have to sort
out a land use permit, and of course that's where
(08:16):
we strike dock But TAMA is introducing economic criteria into
the Conservation Act that should accelerate the pace which the
system allocates land use consents to the extent that the
mining is on dock land.
Speaker 2 (08:32):
There's a Utah Governor Spencer Cox I was reading about
last night. Who's doing a trade mission here? Have you
met with the governor and apparently there's eighty of them here.
They're quite interested in critical minerals.
Speaker 8 (08:43):
Yeah. No, my officials are well and surely engaged. Well,
not only this particular delegation, but we've got in our
mineral sands on the west coast down around hok Ticula
and Westport a mineral known as monocyte, and within that
mineral are a host of other incredibly important various minerals,
(09:03):
and looked us no shortage of interest coming out of
the States and various other places. So behind the scenes
we've got our own little global races to who can
work closest with the permit holders in New Zealand. But
the reality is they've got to step up to the
plate and spend their money because we're a free market, open,
liberal trading economy, and money walks sort of crap walks
(09:24):
and money talks.
Speaker 2 (09:26):
SAME's Minister for Resources with us this morning. It's seventeen
minutes after five. By the way, the Meat Industry Association
updated US over the week in red media exports, reaching
seven hundred and seventeen million dollars during August. That's a
wait for it, twenty two percent increase year on year.
This is value obviously, because the prices have gone up.
(09:46):
The US is the largest overall market for US up
nine percent on August twenty twenty five, sorry, up nine
percent for August twenty twenty five on twenty twenty four,
two hundred and three million dollars. They're worth to US.
Encouraging signs. Also out of China, demand for both sheep
meat and beef up thirty nine percent in value to
one hundred and fifty million dollars. If you're thinking about
(10:08):
the tariffs, well, the tariffs came in, so fifteen percent
for the US came in to affect the seventh of August.
But we're not expecting to see in the Meat Industry Association,
not expecting to see those numbers come through or the
effect of the tariffs to come through until the September
and October Export data five eighteen.
Speaker 1 (10:28):
News Talk SEBB the first Word on the News of
the day Early edition with Ryan Bridge and r V
Supercenter explore r v's accessories and servicing all in one.
News Talk SEDB five.
Speaker 2 (10:41):
Twenty one on News Talk SAIB We'll get to Andrew
Ortison a sport in just a second, a very brief second.
I just have to fill you in on something that's
come out from the Herald, because you know, to Party
Mahudi and the Greens go on and on about the
rich elite have too much property, too much wealth, even
though Debbie Nardie were packer of Party Mahdi holidays and
during house sitting days. I should add anyway, now there's
(11:05):
a story come out this morning that the Departy Marty
co leader Debbi nadi Wa Packer failed to declare two
properties under Parliament's rules, failed to declare the ownership under
transparency rules contacted by the Hero on September twenty fourth,
and there's more to the story. I'll update you in
just a few seconds. Twenty one after five Now, Ryan
(11:26):
Bridge Andrews here with Sport. Andrew, good morning, greetings, Ryan.
Speaker 5 (11:29):
Sounds sounds spicy.
Speaker 2 (11:30):
It sounds spicy, doesn't it. We'll get stuck into that,
no doubt. Thrillers. This is league. We've had a couple
of thrillers, both men's and women's.
Speaker 5 (11:37):
We have indeed, so yeah, TAAs More and fetuso I
both beat both Kiwis and Kiwi Fairs respectively, but close games.
So we had with the women's match with Milli Hufanga
center scoring in the late late stages the late standers
and needed doing a Patricia Maliepo conversion to win that
(11:58):
twenty two twenty and then the match the men's match
later on twenty four to eighteen in the end, so
the Kiwi's scoring a curtsey of a bomb there from
Karen Forum towards the end, seventy third minute I think
it was, and they held on twenty four eighteen. So yeah,
Victorian news. You know, a good close contests at Mount Smart.
Speaker 2 (12:18):
Brilliant and the black Caps England.
Speaker 5 (12:20):
That keeps England washed out the first match that yeah, yeah,
So this is what you get when you schedule matches
in October in New Zealand, even on the Eastern seaboard.
It's a risky business. So but I suppose the more
important news this morning came Williamson is back in the
one day side for the one days will start next
week next Sunday, I think it all this is coming Sunday,
(12:41):
so it'd be great to have the thirty five year
old back as part of that lineup.
Speaker 2 (12:45):
Brilliant and if one I said Liam Lawson was well
of the steppings, doing very well, isn't he throw it back?
Speaker 5 (12:53):
And then there were clamity from McLaren in various aspects
there with the earlier race in the sprint races.
Speaker 2 (12:59):
See but.
Speaker 5 (13:01):
I menist online for them and they've already won the
constructors but still online for the individual tamp but stipp
and keeping the honest ahead of the circuit of the
America's Race US Grand Prix this morning in Austin, Texas.
I think Lawson on twelfth on the grid for that,
so I think it gets underway at eight am.
Speaker 2 (13:18):
Brilliant Andrew thinks that updates Jess as always, it's Andrew
Ordison a sport twenty three minutes after five. Nigel Farrage
over in the UK. Nigel Farrage can just do no wrong.
He's beaten James Cleverly, who's with the Conservatives. He's basically
beaten everyone else any other British politician, male politician in
(13:39):
a new race which is the UK's Sexiest Politicians list.
Nigel Farrage. I know he's coming at number one, twenty
one percent of the vote. This is a pole commissioned
by a dating website that's making headlines over in the
UK this morning. How on earth does this happen? He's
at number one, Starmer is at number nine, so it's
(14:01):
a shallow Paul Angela Rainer, by the way, from Labor
she won the sexiest female politicians of twenty two percent.
We'll get head to the UK with Gavin Gray after
News and Sport at five thirty.
Speaker 1 (14:12):
News Talks itb the early edition full the show podcast
on iHeartRadio How It By, News Talks AB.
Speaker 2 (14:19):
News Talks AB It's five twenty six. Don't expect a handout.
That's basically the message to homeowners who are hoping the
government will swoop in and buy out houses after the
next big cyclone, as they have been doing to this point.
Watts is the Climate Minister. He took a paper to Cabinet.
I had to read of it at the weekend. They
haven't immediately turned the tap off to buyouts, but they're
(14:40):
making it pretty clear it won't be long before they do.
How long does it say? Specifically, just sometime in the
near future. If you're buying a house or you're buying land,
you're going to want to check flood zones very carefully. Basically,
after the Auckland floods, you know which parts of your
suburb are prone to flooding. You can see it, you
(15:00):
saw it. That's generally where you don't want to buy.
You're going to have to manage this risk. We are
going to have to manage this risk. Our insurers are
going to have to manage this risk and try and
mitigate it. The Council and the government spent two billion
on buyouts. This is after the Auckland floods. That may
not happen next time. And guess how many homes are
sitting in flood prone areas right now in New Zealand. Apparently,
(15:23):
according to the latest data, hundreds of thousands worth one
hundred and eighty billion dollars combined. It means insurance will
be more expensive or non existent for some areas and
some properties. The government basically wants to take itself out
of the risk equation, one because it's cheaper for them,
two because buying out flood prone land distorts the market.
(15:46):
If you know a buyout is going to happen, you'll
be less worried about flooding and pay more than you
should for the site. The scientists tell us that damage
from cyclones and floodings is only going to get more
intense and frequent, and you should basically consider this a
warning from the government. They don't want the same thing
that's happening to the properties happening to their books. Brian Bradword,
(16:10):
twenty eight after five. So back to Debbi and Narne
would Packer for just a very brief second. So there's
a Herald story out this morning. So what the Herald
did was do a search of properties, which MPs own
which properties and then marry that up with the Register
of Pecuniary Interest to see whether they've declared that they
own these properties, because you're supposed to do so. They
(16:30):
emailed a bunch of MPs. This was on September twenty fourth,
this is the Herald, and these MPs all replied to
the thing and said, oh I made a mistake. Whatever
Debbie didn't. She said through a spokesperson that she would
be unable to respond as she was attending a tonguey okay.
(16:51):
Every year since she entered parliament in twenty twenty, Packer
has declared her interest in one property. The Herald investigation
found she owned two more, and she never declared them.
On September twenty six, she updated the parliamentary declaration to
include the two properties identified by the Herald, but she
has never responded. Didn't respond to the Herald despite repeated
(17:14):
queries over several weeks. Neither she nor to party Marory
responded to the questions just when in sneakily updated the record.
I hope no one would notice. Well someone noticed. Five
twenty nine News Talk ZB Gavin Gray after News.
Speaker 1 (17:38):
Get ahead of the headlines on early edition with Ryan
Bridge and r V Supercenter explore RVs accessories and servicing
all in one News Talks at B.
Speaker 2 (17:50):
Twenty four away from six on your Monday morning coming up.
We've got inflation number out this morning. We'll talk to
ASB about that before six. Plus Gavin Gray in the
UK for US on the jewelry heist, the Louver in
Paris overnight, the mega strikes coming this week. Is the
PPTA going to solve the crisis in the Middle East? No,
So why are they putting it on the agenda at
(18:11):
all to speak to the ministers about when they go
for a meeting about strikes and about pay and about conditions.
Judith Collins and Eric Stamford are doing quite a clever
pr strategy. It's a good cop bad cop thing, Erica says, teacher.
She's the teachers cheerleader. You know, she's got the pomp
poms out. And then Judith comes in and plays bad
(18:32):
cop and puts the light in your eyes in the
interrogation room and makes you feel uncomfortable. And she put
out an open letter, which, by the way, how many
open letters do we get every day?
Speaker 9 (18:42):
Now?
Speaker 2 (18:42):
Is any letter closed? You know, if it's not open
to begin with, it's leaked. So anyway, let's give up
the whole open letter thing. She's written a letter. That's
not what I got irked about at the weekend. What
I got irked about was the response from the PPTA
from Abercrombie. He says, if the government wants to make
us an offer, we would consider that. There is not
another planned meeting until November. Now, I'm sorry. If you're
(19:06):
a parent in this country and your kid is missing
school and you've got a teacher only day coming up,
and then you've got labor so that's five days coming up.
You know that it includes a week ind but you've
got five days that you need to sort. Are you
not angry about that? Why would you not have another
meeting schedule to talk about the very thing you're striking about.
(19:28):
They should be meeting every day. They should be forced
to be locked in a room together every day until
the strike. It's the only way surely that they will
get a conclusion to it. Twenty two away from six
Bridge and our reporters around the country now Callum's and
need and Callum, good morning morning. Right, the Otago Community
(19:48):
Trust has been taking soundings from locals. Yeah, look, they've
got a short survey out so just to find where
the best place is to put there are they're funding.
They're asking the community here what matters most to determine
where millions of dollars of grant money from the Community
Trust should go and should be dispersed around Otago. The
Community Trust says it's important for philanthropic organizations like them
(20:11):
to check in with the communities to help in the
most beneficial way. So they say this survey is the
best way to help Otago into the future and for
them to understand the aspirations right across the diverse region
when making these funding decisions. Right, how's your weathery, Collum.
We've got that strong wind warning here in the south
Gaale northwest is gusting one hundred and twenty k's here.
(20:33):
They should ease this afternoon showers today the high twenty
Thank you and clear than christ Church clear. Good morning,
good morning, A sad day for your arts community.
Speaker 10 (20:42):
Yes well. Our cherished sand artist Peter Donnelly has died
at the age of seventy four. Those who are familiar
with Donnelley's work will know that he created these massive
sand artworks at New Brighton Beach for seventeen years, from
about ninety seven until twenty fourteen. He effectively used a
garden rake as a sandbrush. His first piece of work
(21:05):
was on the day the New Brighton Pier opened. In
that time he created more than one thousand pieces of
sand art. They got more detailed and intricate as the
years went on. Now in a two thousand and seven
documentary titled Sandman, Donnelly says he would work to bring
something to life and then after a few hours, would
gift that art back to the sea. He died last
(21:26):
week after suffering from some chronic illness. His death notice
describes him as incredibly talented, unique, intelligent and one.
Speaker 2 (21:33):
Of a kind sounds like a very sad thing. Indeed clear.
Speaker 10 (21:36):
How's your weather, Madi find a bit of high cloud
about today. We may see a shower tonight, gusty Norwester's
and the high will be twenty one.
Speaker 2 (21:43):
Thank you Max and Wellington Max, good morning morning. You've
got the new mega water entity and it's looking for
a new leader.
Speaker 11 (21:52):
A quick update on this. Secrecy is the term used
by the Post newspaper. In fact, apparently the writer believes
a little odd that Match Water not telling us who
is on its panel or board tasks with appointing a
new chief executive. And they are appointing a new chief
executive soon a Metro Water, of course, coming under National's
Local Water Done Well policy. We've had a really terrible
(22:15):
performance by Wellington Water for some years in the capitol.
Now names have been floated to lead Metro Water, Campbell Barry,
for instance, perhaps for another role though not chief executive.
Nick Leggett says he's a no. He's the current chair
of Wellington Water, but not a good look perhaps to
be this early cloaking oneself ahead of launching mid next year.
There is a panel they are deciding on a chief executive.
(22:37):
We just don't know who they are. Dame Kerry Prendergast
is the chair of the oversight group. It's going to
have to be a bit of a schmoozer to get
more money out of council for these leaks. The leagues
have been getting better, but are still pretty bad. Announcements
to come.
Speaker 2 (22:50):
All right, how's your weather?
Speaker 11 (22:52):
Mostly find strong wind sixteen.
Speaker 2 (22:54):
The high Central nic one neighbors, the North Clinton Morning neighbor.
Speaker 12 (22:56):
That morning's all happening in your studio, wasn't.
Speaker 2 (22:58):
It that you're talking about the bright lights? Right lights,
I'm pretty sure they're always on.
Speaker 1 (23:02):
No, no, they're not.
Speaker 12 (23:04):
These ones. Gosh, we could perform surgery.
Speaker 2 (23:06):
We're trying to make you look pretty with that.
Speaker 12 (23:10):
And the smell of smoke.
Speaker 2 (23:12):
No, no, we've been talking about this. There's a funny
smell in the studios smell. I'm already nervous about what
Mike's going and he's going to say it's me or
it's something to do with me, but it's not.
Speaker 12 (23:22):
It's always on a Monday, you know, after the weekend.
I mean, do I have to blame the weekend people again?
Speaker 2 (23:28):
It smells like someone's been smoking cigarettes.
Speaker 12 (23:31):
When I came in here.
Speaker 8 (23:32):
I thought it was you.
Speaker 12 (23:32):
That's why I was going, what is going on?
Speaker 2 (23:35):
Certainly not me? Hey, we had a whole bunch of
special votes in the Auckland local body election and half
of them were invalid.
Speaker 12 (23:43):
You're right, so there were more than ten thousand, yet
more than a half invalid. Now they were disallowed. This
was because of incorrect missing declaration details or just outdated
enrollment details for goodness sake, but we can say that
the final, final, final results can firm that Sane Brown
is mere elite. With one hundred and eighty thousand votes,
(24:04):
the council says, look there please, with this record number
anyway of special votes cast, they think, you know, pretty
good shows that people are motivated, motivated.
Speaker 2 (24:12):
They're motivated, but they're not filling the forms of probably.
How's are weather?
Speaker 4 (24:16):
Okay?
Speaker 12 (24:17):
Early shower is clearing this morning to a lovely fine day.
Summer is here, high of twenty two.
Speaker 2 (24:21):
Brilliant, Thanks Neva. Seventeen away from six News Talks thereb
We're in the UK Europe next with Gavin Gray. You've
probably heard me harp on about performance and results a
lot on this program, and it's something I'm always paying
attention to for good reason. It's how you get places.
So the latest independent data from morning Star is worth noting.
Milford's key we Savior Funds are number one for performance
(24:43):
over the past ten years in the active, growth, balanced
and conservative categories. That is proven long term consistency. If
you want to see these numbers for yourself, they're independent.
You can do it at Morningstar dot com dot au.
Melford's also been recogniz with a string of industry awards
including canstars Kee we Save a Provider of the Year Award,
(25:04):
Outstanding Value and most Satisfied Customers. They've won the Consumer
People's Choice Award eight years in a row. Now and
you don't do that by accident. For proven performance and
happy customers, Milford's worth the look. Changing to Milford can
take you just a couple of minutes online. Past performance
is not a reliable indicator of future performance. Milford Funds
(25:24):
Limited as the issuer of the Milford Kee wesab plan.
Go to milfindesset dot com to read the product disclosure
statement and to see their financial advice Provider Disclosure Statement.
Speaker 1 (25:34):
International correspondence with Ends and Eye Insurance Peace of Mind
for New Zealand business.
Speaker 2 (25:40):
Got a big heights at the Louver in Paris. Kevin
Gray is a UK europe correspondent, Gavin, do we know
what these thieves got away with?
Speaker 4 (25:47):
Well, Ron the police have been a bit vague at
the moment, but it's thought to be relating to the
former royal family of France. Indeed, it is said that
they dropped a very very valuable piece of jewelry that
was the crown of the wife of Napoleon. So these
(26:08):
artworks were very very well regarded among the antique world,
they were ancient, they were very important to France, and
yet they were taken from the Louver. The Louver is
the world's most popular museum, draws up to thirty thousand
visitors a day, and as they were opening for business today,
just before that, all of a sudden, it's thought three
maybe four men wearing hoods broke in via unbelievably a
(26:34):
sort of a lifted hydraulic platform that was parked outside
on the River Sine side of the Louver, and then
used cutters to effectively get in through a window and
then just take what they could. And it appears that
they've got away with quite a lot of very very
valuable and important jewelry nine pieces in total, including a necklace,
(26:56):
approach and a tiara from the Napoleon and French Sovereigns
disc display cases. It's been reported by the Parisian newspaper
it's sought two suspects inside the third state outside they
all got away on a motorbike and the museum has
been shut the rest of the day, but not before
a huge amount of panic when people queuing to get
in all of a sudden were told to evacuate the
(27:18):
building as soon as possible. A massive manhunt now underway
in Paris.
Speaker 2 (27:22):
Given what about Prince Andrew. He's going to not use
his titles anymore, but there's more headlines about him.
Speaker 4 (27:28):
There are, I'm afraid, And this comes ahead of Tuesday's
publication of Virginia Giufrey's memoir. I remember Virginia Giufrey was
the woman who accused Prince Andrew of having sex with
her when she was seventeen, saying she was effectively trafficked
by the late disgraced financier Jeffrey Epstein. So we're waiting
(27:48):
to find out Watt's in the book. In the meantime,
we're getting more and more information. Yes, Prince Andrew has
decided to completely step back from the royal family. It
was said, in conjunction and consultation with the King he
was going to not use his titles anymore. I think
we can read between the lines. The King told him
he was not going to use his titles anymore. But
now we're also getting reports that Prince Andrew asked a
(28:11):
London police officer to dig the dirt on Virginia Dufrey
just before that famous picture which shows him with his
arm around her waist, a picture which he says has
been photoshopped and he never met Virginia Jeu Frey. To
be clear, Prince Andrew says he has nothing to be
ashamed of. He's not hidden anything regarding this, and that
(28:34):
he never met Virginia de Frey. But it looks like
this latest thing about asking a police officer is yet
more trouble for him and further problems for the King
as he tries to distance himself from his younger brother Devin.
Speaker 2 (28:47):
Thank you, Gavin Gray, UK, your correspondent, just gone ten
to six. Ry We didn't place data out this morning.
This is for the September quarter. Economist predicting a fifteen
month high should be at or around three percent, they
reckon up from two point seven percent in June. The
driver's food power rates. Nick Tuffley, chief economist today, asp
with me this morning that good morning, good mine. If
(29:07):
it's at or around three percent, the RBNZ should still
cut next month anyway, Well, we.
Speaker 9 (29:14):
Think that's the case. They were forecasting around three percent
when they made their last decision. They were talking about
it being around three percent, So you two point nine
three three point one shouldn't really matter too much. The
thing really is the confidence that inflation will fall back
next year, and that's what they've got a lot more
confidence in compare to say, six months ago.
Speaker 2 (29:36):
Growth for quarter three. I asked Nicola, what is about
this the other day? She said she's getting indications that
it's subdued. Is the word that she's using. Are we
in stagfation right now? You know, when you have low
known growth in high inflation. Is that would we be
considered technically in that? Or how do you get into stagfation?
Speaker 9 (29:54):
I think you've got a period where you do have
sustain minimal growth and sustain high inflame. You used you
call yourself in stagflation, But look, this is a period
where we are having a very awkward blip up in inflation,
but at a time when we think the economy is
starting to grow again, and we do think we'll see
certainly next year an economy where inflation is getting direct
(30:17):
to a more normal level and growth has actually start
to look more reasonable.
Speaker 2 (30:20):
The IMF said last week that they were predicting two
point two percent for twenty twenty six for New Zealand.
Are they on the money?
Speaker 9 (30:28):
I think a sort of roughly trending up to around that.
It'll be a case of there's only so fast we
can actually grow when we have a period of sort
of moderate population growth. So around that sort of two
plus percent mark is going to be pretty reasonable performance
when we look at things like productivity still relatively low
(30:48):
in population growth is slow.
Speaker 2 (30:50):
Nick, appreciate your time this morning. Thank you, Nick Tuffley,
Chief economist at ASB. Time is eight minutes away from
six news Talk CB.
Speaker 1 (30:58):
On your Radio and Lane on iHeartRadio Early Edition with
Ryan Bridge and Are the Supercenter explore a v's accessories
and servicing all in one news talksa'd.
Speaker 2 (31:10):
Be just gone six to six. Not a lot of
love for the teachers on the text machine this morning, Ryan.
The senior students are nearly on study leave. Then they
don't have teaching again until January. That's basically three months off. Seriously,
when are they supposed to learn? Ryan? The teachers and
the rest of the unionized public sector are being unreasonable.
The economy we have isn't big enough to support what
they're demanding. It is six to six, Ryan might here
(31:33):
now morning, Mike, Good morning. We're just talking about open
letters before, which everyone's doing these days. Is any letter
actually closed? That's a good question, although I do.
Speaker 7 (31:43):
I do.
Speaker 6 (31:43):
Judith's letter I thought yesterday was particularly insightful one. I mean,
I don't know how many people will end up reading it,
and I don't know how much of the media actually
covers it. But if you read the whole letter, it's
a very good letter.
Speaker 8 (31:54):
One.
Speaker 6 (31:55):
The Palestine thing is I think, so revelation to most people.
Most people will be like, are you serious? Number one issue?
Is Palestine?
Speaker 2 (32:04):
Get real? And then she goes through.
Speaker 6 (32:06):
What I didn't realize for sure was that the business
and you remember and the early part of the government's term,
Seymour started talking about these teacher ony days and if
you could put them into the holidays. They've apparently rejected
that and they've never done it, which explains why people
keep texting me going, well, how come we've got teacher
ony days. So they just said, no, we're not doing it.
So there's that. Then she outlines in a letter what
(32:28):
these people earn, and to be frank, some of the money.
Speaker 2 (32:32):
Is pretty reasonable.
Speaker 6 (32:33):
No one's getting wealthy.
Speaker 2 (32:34):
Sixty six percent of them paid a base salary of
at least one hundred K. This is if they accept
what they've been offered. That's up from forty percent.
Speaker 6 (32:42):
If you look at this country in the average wage,
we had some numbers out last week. The average wage
in this country pretty much, it doesn't matter where you live,
is seventy something. It's really seventy seventy two seventy three
thousand dollars. If you're on six figures, you're doing fine,
you know. And I think we've got to the point
now we're all full of sympathy for the teachers and
the nurses and stuff. But when you're reading over one
hundred thousand dollars, you're not doing too badly.
Speaker 2 (33:01):
It's the same member when they have the get back
to the office thing from the government with the public service.
Nothing happened and the most common day that they would
work from home was always the Friday or the Monday.
Peep that really irks people.
Speaker 6 (33:13):
Yes it does, and so I think this there's politics.
And you'll notice the unions today as he's saying, you
know it's about resources and stuff. It's not known because
if it was about resources, don't ask for a pay rise.
A take your pay rise money and.
Speaker 2 (33:24):
You know, and if you want to get an extra
one percent a year added to your salary as a teacher,
the easiest thing to do would be to quit the
union because that's how much it costs.
Speaker 6 (33:34):
Hundred percent. And that's the other thing. Do remember when
they talk about whatever they're asking for, that's on top
of what they get already in terms of step up.
So most of them have step ups anyway, So you're
getting increases anyway.
Speaker 2 (33:45):
Your auto step up, it's the auto.
Speaker 6 (33:47):
Step up, so it's the increase on the auto step up.
Speaker 2 (33:50):
So those are anyway, we'll talk about level the ployment.
You've got the PM this morning, looking forward to it.
Mike Theeda Murray, have a great day
Speaker 1 (34:00):
And for more from early edition with Ryan Bridge, listen
live to news talks it be from five am weekdays,
or follow the podcast on iHeartRadio
Popular Podcasts
CrimeLess: Hillbilly Heist
It’s 1996 in rural North Carolina, and an oddball crew makes history when they pull off America’s third largest cash heist. But it’s all downhill from there. Join host Johnny Knoxville as he unspools a wild and woolly tale about a group of regular ‘ol folks who risked it all for a chance at a better life. CrimeLess: Hillbilly Heist answers the question: what would you do with 17.3 million dollars? The answer includes diamond rings, mansions, velvet Elvis paintings, plus a run for the border, murder-for-hire-plots, and FBI busts.
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.