October 23, 2025 • 34 mins
On the Early Edition with Ryan Bridge Full Show Podcast Friday 24th of October 2025, the mega strikes have been and gone, Deputy Prime Minister and Associate Health and Education Minister David Seymour tells Ryan what happens next.
Nick Bewley has this scoop on this weekend's all-southern NPC final.
A new ASB report out this morning says Fonterra’s plan to sell its retail brands could unlock $4.5 billion in extra spending across the economy, Forsyth Barr Senior analyst, Matt Montgomerie shares his thoughts.
Plus, UK Correspondent Vincent McAviney has the latest on Zelensky in Brussels and King Charles becoming the first head of the Church of England to pray publicly with the Pope.
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Speaker 1 (00:01):
The issues, the interviews and the insight. Ryan Bridge on
earli EREDITIONIP with r V Supercenter, explore r v's successories
and servicing all than one news talks.
Speaker 2 (00:12):
That'd be good morning, Welcome to you Friday. David Siemol
before six on the strikes, our europe correspondent on new
sanctions from the EU. Also a bunch from Trump. This
is on Russia. The MPC final showdown is a sellout
this weekend. And what will farmers do with their French cash?
The agenda Friday, the twenty fourth of October. So Putin's
(00:32):
getting on Trump's nerves again because the talks basically go
nowhere whenever they do happen. He's canceled the most recent
round and he's hit Russia with sanctions overnight.
Speaker 3 (00:40):
I just felt to his time waited a long time.
Speaker 4 (00:43):
I thought that we'd go long before the Middle East.
What a president is doing to Dare with these sanctions
is putting more pressure on Russia. It's all about changing
the culcult that this has to be stab Ronna and
for him to really accept that fish and to come
to the t board.
Speaker 2 (01:01):
That was Russa Zelenski speaking of the EU. He wants
the frozen Russian assets. He wants that money release to
help rebuild Ukraine.
Speaker 5 (01:09):
A Russia root war to our lad and they have
to pay for this war. Europe lists may will make
this union decision, and of course one of the way
he has to use frozen assets and between us not
only on humanitarian things. Yes, because they attack us, we
(01:32):
need to defend, defend an answer.
Speaker 2 (01:35):
Quite the scandal in America, the FBI has done a
sting on an NBA star and mafia members. Thirty one
people arrested in a massive illegal gambling crackdown. NBA players
Chancey Phillips and Terry Rosier and Damon Jones all facing
charges and separate, but they're all connected cases. One over
a quote brazen sport corruption scheme, the other over ridged
(01:58):
pofy games.
Speaker 6 (02:00):
Alledged illegal gambling operation, hustled unwitting victims out of tens
of millions of dollars and created a financial pipeline for
LaCOSA Nostra to help fund and facilitate their organized criminal activity.
Victims were attracted to play alongside well known professional athletes
(02:21):
and coaches, only to be unknowingly deceived through rigged shuffling machines.
Speaker 2 (02:26):
As the piper Catholic, Yes he still is, but he's
been praying with King Charles, whose of course the head
of the Church of England.
Speaker 4 (02:31):
Well, God make speed to save us.
Speaker 5 (02:38):
You are worthy, our Lord and God to receive glory
and honor and power.
Speaker 2 (02:44):
Camilla was there too. They gave each other gifts and
planted trees because you know, climate change.
Speaker 1 (02:51):
The first word on the News of the Day early
edition with Ryan Bridge and are the Supersitor explore are
these accessories and servicing all in one news talks that'd.
Speaker 2 (03:02):
Be great to have your company on a Friday morning.
Flip Mere texts nine two nine two is the number.
We'll talk about the strike and the unions later on
in the show. But one thing that has been grinding
my gears for two weeks now is charter schools. Everyone
knows that traditional schools have been failing kids. Kids from
certain backgrounds don't do as well, right, so don't we
(03:22):
want to do something about that. In the past couple
of weeks we have had a number of these charter
schools announced. Most of them will be starting term one
next year. Excellent. There's a high school which was just
this week announced for pacifica girls, and they offer traditional
languages activities. They break the day up into two parts.
They make the morning about learning, the afternoon about following
(03:45):
a passion. It's called Sisters United. It's run by who
sounds like an amazing woman, Kendall Collins. She was a
social worker. She got sick of dealing with problems in society,
you know, being the ambulance at the bottom of the cliff.
So she's doing something about it, and good on her.
She says, this is a blessing. This charter school is
(04:05):
a blessing, and she's excited about next year. Excellent. We've
had a sports academy. You would have seen David Seymour
trying to pump weights. Didn't go well, he's no Stuart Nash.
We've had an online school which is going to start
next year. And we know the charter schools get results
for students that fall outside, fall between the cracks of
a traditional school, and if they don't, guess what, they
(04:27):
get canceled. Unlike state schools which just carry on with
the d grades, these guys get cut. So the opposition
to them, in my mind, is mind boggling. It's union
ideological nonsense and it's time that people started calling it out.
Labor goes along with it, with the exception I must
save Willie Jackson, who has said previously these are a
(04:48):
great idea, but labor goes along with it because it's
the unions, you know. But surely if something is working,
if something is getting results, then you have to stick
with it. Coming up next to this new report from
ASB looks it's the deal which next Thursday. The vote's happening,
So we don't know it's a done deal for fon
(05:08):
terror and the retail brands yet. But assuming they vote yes,
which most seem to think they will, where does the
money go? News Talk SETB.
Speaker 1 (05:17):
On your radio and online on iHeartRadio early edition with
Ryan Bridge and are the Supercenter explore are these accessories
and servicing more than one?
Speaker 2 (05:28):
News Talk SEDB five thirteen. You know this argument that
we can tackle climate change, that we can cut our
emissions and not hurt our economy. I know it's never
made sense to me either. And you look at the counterfactual.
We're in the doldrums right now and guess what emissions
are down? Will the Greens be celebrating this? That'senz numbers
out yesterday total emissions down four percent from the same quarter.
(05:50):
This is for June this year, down four percent on
the same quarter in twenty twenty four. Household emissions down
one point five percent, AG sector emissions down one point
one manufacture down, electricity and gas down. I know you
don't feel happy about that, do you. Yes, you might
be saving the planet, but we're all the poorer for it.
Five point fourteen and you ASP report out this morning
(06:12):
says Fonterra's plan to sell its retail brands could unlock
four and a half billion in extra spending across the economy.
Half of it two point two would flow into manufacturing,
retail real estate. The average farmer return could hit almost
four hundred k. Matt Montgomery is full Sith bar senior
analyst Equities with me this morning. Matt, good morning, Good morning, rans.
Does this sound about right to you?
Speaker 7 (06:34):
Well, I think if you consider the total payment that
farmers are getting, it's around three point two and I
think you'd naturally expect some border flow through to the
border economy, particularly when you consider it had a time
where on farm returns are pretty healthy and possibly at
(06:55):
record level. So the clearly things are a little bit
tougher in the earth An economy, so hopefully we see
some some pull through across broader New Zealand.
Speaker 2 (07:04):
We're all hoping to bludge off it, an't we. What
the argument was all that farmers will take it and
pay down debt, is that, you know, how do we
figure out what they want to do with it?
Speaker 7 (07:16):
Yeah, I think it's very circumstantial, to be honest, it's
hard to be directly clear. I mean, there definitely will
be some repaying debt. There might be some buying a
new boat, there might be some renovating the batch. There
might be some sort of reinvesting in there in their
own businesses, if that's you know, maintenance or expansion. So
(07:39):
I think it is difficult to preempt. But you know,
it is at a time where as I mentioned on
farm profitability, even if you exclude this Fonterra return is
sort of at or near record high. So it's certainly
good timing for farmers and for New Zealand more broadly.
Speaker 2 (08:00):
What's your take on the you know, this big argument
that this is a short term sugar hat. You know,
Winston doesn't like it. I see I saw a piece
from sand Stubbs the other day saying it's it's a
tactical win, but a strategic loss. You know, we're not
looking to the long term. What do you think?
Speaker 7 (08:15):
Yeah, so I don't necessarily agree with that views. So
our view is that we think it's a good idea
that focuses Fonterra on what it's done best historically, where
it's higher returns are. And I think it's important to
recognize essentially the counterfactual here. So what would it take
(08:36):
for Fontierra a really unleash his business? And yeah, for us,
that would be multiple billions of dollars in investment, and
you know Fontira couldn't fund that itself, so you know,
it joppling to take the path of returning the capital
and you know, I just putting ownership in someone else's
(08:56):
hands where they haven't been the highest value of this business.
And I think it's important to recognize that, you know,
the Frontario has a lack of scale and consumer globally
and hints that that sort of investments would be what
it would take to really unleash this business, to get
it to a return on capital that would likely be
(09:17):
not too much higher than what the rest of the
business is doing. Currently, so we think it's it's sensible.
Speaker 2 (09:24):
Appreciate your time, Matt. Thank you. Matt Montgomery for South
Bar Senior Analyst Equity. His time is five seventeen News Talks.
He'd be Bryan Ryan. Where does the money go from
Fronterira sale of the consumer business? Well, I bet the
banks come a knock, and the general talk amongst my
colleagues at least and other farmers is we'll be cashing
in and going on holiday. Craig, Really, I mean.
Speaker 8 (09:43):
Sure, there'll be the odd ut, there'll be the odd
trip to Fiji, There'll be some paying down of debt,
but as Matt said, it's kind of hard to figure
out exactly what will happen with the proceeds.
Speaker 4 (09:55):
Ryan.
Speaker 2 (09:55):
This is from Helen Helen's coming hot this morning. If
all those people go going on strike that upset with
their pay and workplace, just leave and go get another job. Otherwise,
suck it up, buttercup. Except the fact that your employer
just has no money.
Speaker 1 (10:10):
Views and views you trust to start your day. It's
early edition with Bryan Bridge and are the Supercenter explore
r these accessories and servicing fall than one News Talks.
Speaker 2 (10:22):
He'd be by I'll tell you what I think about
those strikes in just a second. The NPC Final this
weekend and it's all Southern decider Canterbury o target. This
is at a polo stadium in christ which it's sold out. Zb'
sports Nick Bewley is making the call and he's with
me this morning. Good morning, neck, good on, it's your right.
How's the weather looking?
Speaker 9 (10:38):
First of all, better than yesterday? Much better.
Speaker 10 (10:42):
Yeah, we're expecting some light winds, some sort of blustery
sort of northwesters tomorrow afternoon for kickoff at four h five,
but certainly nothing of the strength we've had over the
past few days. So and fine to not not any
showers on the forecast.
Speaker 9 (10:55):
So that's encouraging.
Speaker 10 (10:56):
Given the sold out sign has gone up for the
first time ever at an MPC game at Apollo Project Stadium.
What is the last ever MPC game at the stadium
before we move into our brand new multi purpose arena
in town.
Speaker 2 (11:09):
It's a lot of last isn't it. Because you've got
Marty Burke as head coach, final Tom Christie as captain.
So there'll be a few Swan songs.
Speaker 10 (11:17):
Indeed, Yeah, emotional time for quite a few of the
Cannabury contingent. As you mentioned there, the coach is departing.
Tom Christie is a real fan favorite. Done here, Ryan,
He's heading away to England after tomorrow's game. I think
the Otago captain actually Sam Gilbert is heading off to
Ireland as well, So that just adds to another layer
to the narrative. And look at it just sort of
(11:41):
writes itself. Really Cannabury Otaga, there's so much on the line.
These two teams met five weeks ago here in christ
Church for the ran Philly Shield and Otago got the
job done on that day. Thirty eight thirty six was
an absolute thriller. So it all shapes up really nicely
and well. Like most things, Ryan pretty much run around
the country don't want Canterbury to wins.
Speaker 9 (12:01):
So I think a lot.
Speaker 10 (12:02):
Of supporters with the Otago outside of the region.
Speaker 2 (12:05):
There definitely will be I know who my old man
is going to be supporting. But Otago haven't actually won
since the ninth since you know Cronfield, Tane Randall, Jiff
Wilson days of the nineties.
Speaker 10 (12:17):
Yeah, nineteen ninety eight, I was four, but yeah, like
it was a real sort of a great era for
Otago rugby.
Speaker 9 (12:26):
As you mentioned there some of the names.
Speaker 10 (12:28):
Tane Randall was the captain, Jeff Wilson on the wing,
Chainsaw Brendan Laney on the other And it was a
real romantic time down there in Carrisbrook where Otago were
playing some fantastic rugby. But it has been twenty seven
long years since they've won a national provincial championship. And
to be fair right, they're playing a brand of rugby
this year that probably hasn't excited the people of Otago since.
Speaker 9 (12:49):
So they've got some really exciting young players.
Speaker 10 (12:50):
Has been so much shit about this young half back
Dylan Pledger and the open side flanker Lucas Casey as
while they play real entertaining brand of footy and and
if they bring that to christ Church, which I think
they will and the conditions will allow. As I say,
it all sets up really nicely for tomorrow afternoon to
put a cap on a fantastic season.
Speaker 9 (13:09):
It's yeah, it's been really.
Speaker 2 (13:11):
Really great to cover, brilliant looking forward to Nick. Thank you.
Nick Buley Zedb's Sports. He's calling the game and it's
five twenty three.
Speaker 9 (13:17):
Bryan Bridge.
Speaker 2 (13:18):
Ryan is a farmer This is from Judy Morning. Judy
as a farmer who'll benefit from the sale for once
we cannot only catch up on overdue maintenance, but makes
some improvements to our farms. Unlike housing, farmers have had
almost no capital gain since two thousand and eight. Milk price,
farm working expenses, they're all converging and have been, and
that has affected profitability. But also, as Judy says, capital
(13:42):
gain time now is twenty four. By the way, we
should get speaking of capital gains, we should get a
labor policy on this, apparently in the next couple of weeks,
so you'll be able to find out just how much
duty of your farm they're going to come for five
twenty four News Talks had been the early.
Speaker 1 (13:58):
Edition full the show podcast on Ihard Radio powered by NEWSTALKSV.
Speaker 2 (14:04):
News TALKSB five twenty six on your Friday morning. So
one hundred thousand workers went on strike. Now what the
cost has settle? These claims will surely run into the
billions of dollars, easily run into the billions of dollars
for all these workers. Nineteen seventy nine, that was the
last time we had to strike this big. That was
a general strike three hundred thousand people. This was Muldoon days.
(14:25):
It was over a dispute with the driver unions and
Transport went to arbitration. The unions one well, Muldoon lost.
The deal went through this time senior doctors refused binding arbitration.
Simeon Brown offered it. They said, nap secondary teachers they've
got a few more strikes in them before Christmas though
they're lower level. And the primary teachers they say they've
(14:47):
now got more dates set down to talk pay conditions,
et cetera. Next month. You'd have to say, based purely
on a little bit of polling and a little bit
of vibes, that the workers win the week they've won
the PA battle. I mean, personally, I'm already sick of
hearing about how much senior doctors get paid. Parents will
be sick of their kids missing school any more delayed
(15:10):
hip operations than they'll be hell to pay. If the
unions expect strikes to kick off again next year, they
might just find themselves falling out of favor worth workers
in the private sector. Remember the median wage, median salary
seventy thousand dollars a year. Private sector workers haven't been
getting the same increases as the public ones, and the
(15:33):
offer of these teachers are rejecting right now would have
almost eighty percent of them earning more than one hundred
k a year base salary base salary. Arguing for more
and dragging out industrial action for too long, you risk
looking well political what the government said you were, or
greedy or both. Given the state of the books and
(15:56):
the enormous deficit blowout that this current lot inherited, you
have to be careful, don't you. So the unions, I think,
have won the battle. The question really is can they
win the war? Rambridge eight News Talk VB. Now, the
housing affordability thing is interesting because you know, economy is
not doing that well. We know this. In fact, I
(16:18):
was driving to work this morning and I saw a
billboard and I thought, God, this is a sign of
the depressing times. That was a Westpac billboard, and it
had a woman on the on the billboard who looked
a little forlorn. She was obviously a business owner, and
it said something like survives the quiet Patches, and I thought, oh,
good morning. Anyway, here we are. The good news is
(16:40):
that if you are a first home buyer and you're
in the market, things are looking good, they reckon. This
is from interest dot co dot NZ. House prices for
first home buyers the most affordable now in four years.
And they look at the lower quartel, which is cheaper
homes price on average five hundred and ninety thousand dollars
in September. That is down eighty from November twenty twenty one,
(17:02):
so that's good. Then you look at your mortgage interest rates.
So the average two year fixed now is four point
seven to two for September. That's down from seven and
November of twenty twenty three. And your incomes are up,
So now's the time get in there. Everything else might
feel little bit caput, but housing there's your ticket. News
(17:23):
Talks MB, we'll get to UK Europe Correspondent after news.
Speaker 1 (17:37):
Ryan Bridge on early edition with r V Supercenter explore
RV's accessories and servicing all in one. News TALKSB.
Speaker 2 (17:48):
Two be far away from six. News Talks MB coming up.
David Seymour on the strikes Vincent Macaviny out of the
UK Europe for US this morning. Trump last week we
spoke about this. He said no to the Tomahawks, to Zelenski,
but he is giving them something overnight. Trump has announced
sanctions first time since taking office in January. Did a
bunch in his last time in the Oval office, but
this time these are his first sanctions against two Russian
(18:13):
oil companies. Profits from them, taxes go back to the Kremlin.
The Kremlin funds the war. The war happens in Ukraine.
Trump's trying to stop it. He's basically frustrated with Putin
because every time he has a meeting with Putin, and
he's canceled the most recent one, but every time he
has a meeting with Putin, Putin goes oh yeah, yah,
yeah yeah, and then goes back to bombing the hell
out of Ukraine. So Trump is now doing sanctions. So
(18:36):
this is pretty significant. Half of Russia's oil exports come
from these two companies. The UK sanctioned them last week,
the EU is likely to do that today. We will
hear about that this morning. Question is whether they will
actually work. All comes down to enforcement. Interestingly, taxes from
the energy industry make up about a quarter of Russia's budget.
(19:00):
So what the Kremlin needs to fund the war, A
quarter of that comes from taxes from energy companies, and
they got big problems over in Russia. Of course, there's inflation,
there's a deficit, there's a labor shortage, there's growth problems,
you name it. Brent crude futures off the back of
this news overnight are up five percent because obviously they're
worrying about it shortage. But the big question is what
(19:21):
do you do about India, Turkey and China buying the
oil from the Russians in the first place. A twenty
two minutes away from six Color, Proctor and Needin for
us this morning, morning, come morning, right, jeez? But windy
for you guys yesterday, Yeah.
Speaker 11 (19:37):
Very much so, and still feeling the effects today. In fact,
hundreds of homes around Dunedin's still without power here this
morning after those destructive winds, so residents from Moscule to
Port Charmers are still in the dark, as are the
people on the Otaga Peninsula. The power has been out
since around one thirty yesterday when those gales struck, causing
(19:57):
extensive damage to power lines or Energy says they stood
down their repair crews last night due to fatigue, so.
Speaker 2 (20:05):
They'll be back at it this morning.
Speaker 11 (20:06):
Mosgow and peninsular residents also asked to reduce water consumption
due to those outages impacting wastewater pump stations. A number
of roads here remained closed due to fallen trees, the
wind damaging our railway station and the roof of forsythe
bar Stadium. Gusts of up to one hundred and seventy
k's recorded at one stage.
Speaker 2 (20:24):
Ryan, all right, then, what's the forecast looking ahead?
Speaker 11 (20:29):
Was slightly calm but still gusty westerlies today, possible thunderstorms,
early occasional rain this afternoon, the high seventeen.
Speaker 2 (20:35):
Cheers Claire and christ Church morning. Claire, good mornings. You've
got a state of emergency still ongoing there, haven't you.
Speaker 12 (20:42):
Yeah, we do have the state of emergency here. Although
the rare red wind warnings were lifted for Canterbury as
well as Southland, Stuart Island and Klothy yesterday afternoon Wellington
and wided up as orange warnings were also expired here
in christ Church, it honestly did feel a bit like
we dodged the bullet. But elsewhere things did get quite
scar We had winds exceeding two hundred kilometers an hour
(21:03):
in some areas, ripping roofs from homes, and the likes
of Oxford, there were trees that came down and blocked
a state highways, some of them still blocked. Residents at
Hannah Springs were also left watching on as a fire
took off on the hillside. Thankfully the wind blowing it
away from the township, but real concern there because road
blockages meant that no extra crews could get him. We
(21:23):
still have power outages very widespread around and some repairs
could take more than a week. Last night, the concern though,
turned to our rivers. Voluntary evacuation notices were issued for
residents in Kaiducky and Pines Beach because the wymuck at
Any River was rapidly rising. The at okaiah Hut residents
were also told they should evacuate because of a very
(21:43):
flooded at Akaia River. The Canterbury Civil Defense Controller James
Thompson says this state of emergency will be looked at
today and they do hope that it may be able
to be.
Speaker 2 (21:52):
Removed right and the weather looking ahead for.
Speaker 12 (21:55):
Christ Church looking mostly fine today. Westerly is turning northeasterly
will be gusty, but nothing like yesterday.
Speaker 2 (22:01):
The high nineteenth all right, brilliant and things looking good
for that NPC final Apolo Stadium too clear. Thank you
mex and Wellington X. Good morning, good morning. Clean up
job today.
Speaker 13 (22:10):
Yeah, look, it was bad yesterday probably is bad in
terms of what the wind was as it was Tuesday.
What we also had to contend with, thore was some
pretty steady showers through the day. There were road closures
and no flights in and out of Wellington for a
large portion of the day. No trains of course from
eight am to six pm buses affected. A lot of
businesses closed for the day, probably a reasonable decision considering
(22:33):
the whole of the town seemed to be working from
home more so than normal.
Speaker 9 (22:37):
A lot of power.
Speaker 13 (22:37):
Outages and wided up a handful around upper huts, carpety
seen a couple of trucks, trailers overturned, fences blown in,
parts of buildings coming loose, threatening to come down. We
had a couple of temporary road closes in the CBD
because of bits of buildings flapping around, trees uprooted roofs,
lifted power lines down, a lot of damage to clean up,
(22:58):
I imagine. I'm sure the council we'll have a bit
of a large bill after today.
Speaker 2 (23:02):
How's the forecast locking ahead?
Speaker 13 (23:05):
Yeah, better, mostly fine, stronger winds not as strong obviously
seventeen the hay.
Speaker 2 (23:10):
All right, brilliant, Thank you Max and NIVA's and Auckland Neva.
Good morning, good morning, and now I have an update
for you before you give an update to me.
Speaker 1 (23:17):
Yes, tell me.
Speaker 2 (23:18):
This is from Mike. He says, good morning. Tommacky Driver
is open with no restrictions. I traveled through the city
from Iraqi this morning and it was all good.
Speaker 14 (23:26):
Oh that is great, great, But so that's breaking news.
That's way better than what I was going to say.
I thought when you said, Mike Seyes, I thought, what
Mike Costking, what's he doing.
Speaker 9 (23:35):
Down Tommacky Drive?
Speaker 14 (23:36):
No, no, right, yes, because Auckland Transport they were hoping
to make a decision, and there you have it. Obviously,
this is as a result of that terrible fatal crash
over twenty four hours ago. The bus driver died, another
person seriously injured. Fire and emergency have confirmed that the
fire started in the engine of the petrol vehicle then
(23:57):
spread to the bus. So yeah, set because people were
wondering what's out of electric bus? Yeah, things like that.
So there'll be more details coming out later on today.
Speaker 2 (24:06):
All right. And how's our weather today, Neva.
Speaker 14 (24:08):
Okay, so the heavy rains easing to the odd shower,
it's going to clear. Great news, It's going to be
fine later today nineteen is a high.
Speaker 2 (24:16):
Beautiful yes, and a three day weekend day right, excellent?
Got any plans?
Speaker 14 (24:21):
No, I'm going to sleep today.
Speaker 2 (24:22):
Good so much then, And I know because I've just
have no energy.
Speaker 9 (24:26):
I'm so quite out there.
Speaker 14 (24:28):
This isn't quite as Neva's been. So I'll spring into
action tomorrow.
Speaker 2 (24:31):
Get some rest. That's neither. Seventeen away from six News
Talks B. We'll get to Gavin. Sorry. Vincent mcavney is
the UK. You're a correspondent today on the sanction. So
Trump's done his the EU is apparently following suit. We'll
hear what that's, what's happening with that? Also, David Seymour
on the strikes before six News Talk set B five
A quarter to six. I should say, lots of text
(24:53):
on the strike yesterday. This one from Angela who's a teacher, Ryan,
stop the pay narrative. What we want is supporting classrooms
for the en increasingly complex needs of a diverse reigns
of range of students who this government thinks as one
size fits all. All right, Well, I mean it is
about pay, isn't it. Because every time I get the
unions on, I say, so you're happy with the pay
(25:14):
and then we can deal with the other stuff, and
they go on, no, it is about pay too, So
you can't ignore the paything, Angela. But I will put
that to David Seymour. He's on the show in a
couple of seconds.
Speaker 1 (25:23):
International Correspondence with Ends and Eye Insurance, peace of mind
for New Zealand business.
Speaker 2 (25:29):
So I got these Trump sanctions on Russia. Now the
EU set to follow suit. Zelensky's been in Brussels. Vincent
mcaviny are, UK europe correspondent, Vincent, Welcome to the show.
What's Selensky been saying?
Speaker 3 (25:39):
Good morning? Well, Zelensky has been in Brussels today meeting
with EU leaders. They announced a nineteenth package of sanctions
on Russia. They follow President Trump's quite big decision yesterday
to impose sanctions of his own on Russia's two biggest
oil companies. President Zelenski's forces have been really targeting the fire,
(26:00):
including overnight on oil refineries and electricity operations in Russia.
Real damage to the economy, so he's feeling pretty buoyed
by the continued support, even though he didn't get those
Tomahawk missiles. He's also been doing an agreement with Sweden
at one hundred and fifty of their fighter jets paid
(26:20):
for using frozen Russian assets from across Europe as well.
So quite a good trip of for President Zelenski as
he prepares his country for their fourth winter at war.
Speaker 2 (26:31):
Meanwhile, we've heard King Charles and Pope Leo have a
nice priya.
Speaker 3 (26:36):
Yeah, this is quite a remarkable moment if you know
much about British history, I mean, the Church of England,
which King Charles is the head of his ancestor Henry
the Eighth, broke off from Rome famously five hundred years
ago with the Reformation. A lot has happened since then,
the in terms of sectarian tensions in this country, but
there has been this remarkable moment, King Charles going to
(26:58):
the Vatican to press for the first time since that breakaway,
with a pont the two men sort of being seen praying,
and this is something that Charles has been quite clear
on in his reign and in his time as Prince
of Wales as well, that he wants to be seen
not just as the leader of a church, but a
(27:20):
defender of all faiths and those who worship. So quite
a big moment for him today in the Vatican.
Speaker 2 (27:26):
Brinceton brilliant, I should say Princeton, Princeton brilliant. From Vincent mcavinie,
Our UK. You're correspondent twelve to six Bryant Bridge. So
the mega strike's been gone. What happens now? David Seymour's
Deputy Prime Minister, Associate Health and Education. Good morning minister,
Good morning Ryan. What's your take on the public sentiment
because from where I'm sitting, it seems like the unions
(27:48):
might have won the battle on this one.
Speaker 15 (27:52):
Well, you can talk about sentiment, but we need to
stick to effect. The pay request that are being made
just sustainable given the government's finances, and they are disconnected
from the reality that the New Zealanders who actually pay
the taxes to funds any increase have had themselves.
Speaker 2 (28:15):
You know, you look at teachers, fourteen and a.
Speaker 15 (28:18):
Half percent in the last three years, sixty six percent
or two thirds of teachers paid over one hundred thousand dollars.
In the case of nurses, starting on seventy five, under
the office. They've had someone who starts today as a
nurse will be on eighty six thousand dollars by next
year as a graduate. That's after a year's step, and
(28:42):
the raise that's being offered that nurse would top out
at over one hundred and twenty five thousand dollars a year.
I don't think that that reality has really hit, but
certainly those conditions are pretty attractive compared with what most
of the people actually paying the taxes and who had
(29:02):
to rearrange their day yesterday if they have children or
who need needed surgery yesterday, are getting themselves.
Speaker 2 (29:09):
Given that, will you then rule out reevaluating a fiscal
envelope to up an amount that might be offered by
the Public Service Commission or Health n Z.
Speaker 15 (29:20):
Well, I'm not going to make a decision like that
on the radio right now, but there are certain realities
that you know, there's a series of dominoes that fall
and you have to put them back up. We had
huge government spending that led to huge inflation, that led
to high interest rates that led to a recession.
Speaker 2 (29:40):
So that we are now getting any more. They know
you won't give them any more than what you will.
Speaker 15 (29:43):
Well, well, I'm just well, the negotiations underway. I'm not
going to negotiate, but we are now controlling the spending,
we know, with half the inflation, with half the interest rates,
and we're now getting the economy back on its feet.
I mean, that's the practical real that New Zealand faces
after the last five years. Now, you know, there seems
(30:04):
to be a disconnect between that reality and some of
the rhetorican demands from the Union organizers.
Speaker 2 (30:10):
Hey, minister, we headed a Trump going with sanctions against
Russia and oil companies overnight. Good news.
Speaker 15 (30:17):
Yeah, Look, it's it's pretty simple. There are some people
that fudge this, but you need some moral clarity. This
is an illegal war by Putin, who was a dictator,
and it's important not just for the Ukrainians' lives, but
for all of our freedom that Ukraine succeeds and pushes
(30:38):
Russia out. So that's been by personal position for a
long time. It's also our government's position.
Speaker 2 (30:43):
What about the you know, the Turkey, China, India buying
the oil. That's the real problem, isn't it. Well, I agree.
Speaker 15 (30:53):
I mean the intention of our government and our allies
is that Russia is not supported. If people want to
do that, then obviously we don't approve of it. But
you know, everyone has to decide what sort of world
they want to live in. If you'd like one with
the rule of law and strong international borders where people
can live peacefully, that's one option. The other is that
(31:15):
some states can alter their borders and brutalize people by force.
So that's another type of world, but not the one
that we want.
Speaker 2 (31:23):
David Semi appreciate your time this morning. Thank you, Deputy
Prime Minister Associate Health and Education. It's eight to six
News Talk, SAIDB the news.
Speaker 1 (31:31):
You need this morning and the Indie Depth Analysis Early
edition with Ryan Bridge and r the Supercenter explore r VS,
accessories and servicing all in one News.
Speaker 2 (31:41):
Talks EDB six minutes away from six. You know the
robbers in Paris and they made off with the Crown jewels. Well,
the bad guys used a furniture lift to do it,
and they posted the footage obviously of which someone caught
on their cell phone of the heist in action online
and watching. This was a guy in Germany and he
owns his family owns a business, a company called Boker.
(32:04):
They make furniture lifts and elevators, and he said, oh,
that's one of ours that they're using. So he's like, right,
this is a great marketing opportunity. So they now have
Facebook and Instagram ads running with a photo of the
heist happening and the catch line the motto is when
you need to move fast, use Boker and quite some
(32:26):
quick thinking marketing team there five minutes away from six.
Mike's there on a Friday morning morning. Mike, Joy to
see you, Ryan. When if you say these things, you
know there's a sitting hint of sarcasm in your voice.
Speaker 16 (32:41):
Mike, only if you want to receive it that way.
Speaker 2 (32:43):
You know you're not going to see me until next Tuesday.
Now that's correct. What are you going on strike? No,
I'm not going on strike. I wouldn't go on strike.
Speaker 9 (32:50):
But a slash.
Speaker 2 (32:51):
Ell, we've got a day in lou Well, we've all
got a day off on Monday. That's actually true. That
is true. Five days off the teachers of course.
Speaker 16 (32:59):
Wellactly, I've got I've got Joseph Parker on the spot. Great,
I love Joseph Parker. Do you love Joseph Parker?
Speaker 2 (33:05):
Yeah?
Speaker 9 (33:05):
I did a real soft spot for Joseph.
Speaker 16 (33:06):
I don't know why, but I remember when I first
started talking to him many years ago, and he was
that very very shy.
Speaker 2 (33:12):
Yeah, a likable guy, but you know, didn't have a.
Speaker 16 (33:14):
Lot to say, and you thought, I wonder where he's going.
But now he's just so every time he comes and
here he hugs me. Yeah, and it's the.
Speaker 2 (33:20):
It's a bold move.
Speaker 9 (33:21):
It is a but it's also it's also.
Speaker 2 (33:25):
Try to not even get close.
Speaker 16 (33:26):
Have you seen how big he is?
Speaker 2 (33:27):
Yeah, he's massive, and when he envelops me, there's there's
nothing left. He lets go. He's one of those sweet guys,
isn't he when you talk to him off camera and star, Yeah.
Speaker 16 (33:41):
He's one of the most likable guys in the world
and then suddenly gets into the.
Speaker 2 (33:45):
Ring and hugging one of the most unlikable guys in
the world.
Speaker 16 (33:49):
When you know, Ryan, when you say that anyway, Joseph
and Justin Marshall's on as well this month.
Speaker 2 (33:56):
Brilliant. All right, Mike's here with your next see you
next Tuesday. Everybody have a fantastic.
Speaker 9 (34:00):
Friday, So tell me an it kicks in.
Speaker 1 (34:05):
Broken Heart 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
earli EREDITIONIP with r V Supercenter, explore r v's successories
and servicing all than one news talks.
Speaker 2 (00:12):
That'd be good morning, Welcome to you Friday. David Siemol
before six on the strikes, our europe correspondent on new
sanctions from the EU. Also a bunch from Trump. This
is on Russia. The MPC final showdown is a sellout
this weekend. And what will farmers do with their French cash?
The agenda Friday, the twenty fourth of October. So Putin's
(00:32):
getting on Trump's nerves again because the talks basically go
nowhere whenever they do happen. He's canceled the most recent
round and he's hit Russia with sanctions overnight.
Speaker 3 (00:40):
I just felt to his time waited a long time.
Speaker 4 (00:43):
I thought that we'd go long before the Middle East.
What a president is doing to Dare with these sanctions
is putting more pressure on Russia. It's all about changing
the culcult that this has to be stab Ronna and
for him to really accept that fish and to come
to the t board.
Speaker 2 (01:01):
That was Russa Zelenski speaking of the EU. He wants
the frozen Russian assets. He wants that money release to
help rebuild Ukraine.
Speaker 5 (01:09):
A Russia root war to our lad and they have
to pay for this war. Europe lists may will make
this union decision, and of course one of the way
he has to use frozen assets and between us not
only on humanitarian things. Yes, because they attack us, we
(01:32):
need to defend, defend an answer.
Speaker 2 (01:35):
Quite the scandal in America, the FBI has done a
sting on an NBA star and mafia members. Thirty one
people arrested in a massive illegal gambling crackdown. NBA players
Chancey Phillips and Terry Rosier and Damon Jones all facing
charges and separate, but they're all connected cases. One over
a quote brazen sport corruption scheme, the other over ridged
(01:58):
pofy games.
Speaker 6 (02:00):
Alledged illegal gambling operation, hustled unwitting victims out of tens
of millions of dollars and created a financial pipeline for
LaCOSA Nostra to help fund and facilitate their organized criminal activity.
Victims were attracted to play alongside well known professional athletes
(02:21):
and coaches, only to be unknowingly deceived through rigged shuffling machines.
Speaker 2 (02:26):
As the piper Catholic, Yes he still is, but he's
been praying with King Charles, whose of course the head
of the Church of England.
Speaker 4 (02:31):
Well, God make speed to save us.
Speaker 5 (02:38):
You are worthy, our Lord and God to receive glory
and honor and power.
Speaker 2 (02:44):
Camilla was there too. They gave each other gifts and
planted trees because you know, climate change.
Speaker 1 (02:51):
The first word on the News of the Day early
edition with Ryan Bridge and are the Supersitor explore are
these accessories and servicing all in one news talks that'd.
Speaker 2 (03:02):
Be great to have your company on a Friday morning.
Flip Mere texts nine two nine two is the number.
We'll talk about the strike and the unions later on
in the show. But one thing that has been grinding
my gears for two weeks now is charter schools. Everyone
knows that traditional schools have been failing kids. Kids from
certain backgrounds don't do as well, right, so don't we
(03:22):
want to do something about that. In the past couple
of weeks we have had a number of these charter
schools announced. Most of them will be starting term one
next year. Excellent. There's a high school which was just
this week announced for pacifica girls, and they offer traditional
languages activities. They break the day up into two parts.
They make the morning about learning, the afternoon about following
(03:45):
a passion. It's called Sisters United. It's run by who
sounds like an amazing woman, Kendall Collins. She was a
social worker. She got sick of dealing with problems in society,
you know, being the ambulance at the bottom of the cliff.
So she's doing something about it, and good on her.
She says, this is a blessing. This charter school is
(04:05):
a blessing, and she's excited about next year. Excellent. We've
had a sports academy. You would have seen David Seymour
trying to pump weights. Didn't go well, he's no Stuart Nash.
We've had an online school which is going to start
next year. And we know the charter schools get results
for students that fall outside, fall between the cracks of
a traditional school, and if they don't, guess what, they
(04:27):
get canceled. Unlike state schools which just carry on with
the d grades, these guys get cut. So the opposition
to them, in my mind, is mind boggling. It's union
ideological nonsense and it's time that people started calling it out.
Labor goes along with it, with the exception I must
save Willie Jackson, who has said previously these are a
(04:48):
great idea, but labor goes along with it because it's
the unions, you know. But surely if something is working,
if something is getting results, then you have to stick
with it. Coming up next to this new report from
ASB looks it's the deal which next Thursday. The vote's happening,
So we don't know it's a done deal for fon
(05:08):
terror and the retail brands yet. But assuming they vote yes,
which most seem to think they will, where does the
money go? News Talk SETB.
Speaker 1 (05:17):
On your radio and online on iHeartRadio early edition with
Ryan Bridge and are the Supercenter explore are these accessories
and servicing more than one?
Speaker 2 (05:28):
News Talk SEDB five thirteen. You know this argument that
we can tackle climate change, that we can cut our
emissions and not hurt our economy. I know it's never
made sense to me either. And you look at the counterfactual.
We're in the doldrums right now and guess what emissions
are down? Will the Greens be celebrating this? That'senz numbers
out yesterday total emissions down four percent from the same quarter.
(05:50):
This is for June this year, down four percent on
the same quarter in twenty twenty four. Household emissions down
one point five percent, AG sector emissions down one point
one manufacture down, electricity and gas down. I know you
don't feel happy about that, do you. Yes, you might
be saving the planet, but we're all the poorer for it.
Five point fourteen and you ASP report out this morning
(06:12):
says Fonterra's plan to sell its retail brands could unlock
four and a half billion in extra spending across the economy.
Half of it two point two would flow into manufacturing,
retail real estate. The average farmer return could hit almost
four hundred k. Matt Montgomery is full Sith bar senior
analyst Equities with me this morning. Matt, good morning, Good morning, rans.
Does this sound about right to you?
Speaker 7 (06:34):
Well, I think if you consider the total payment that
farmers are getting, it's around three point two and I
think you'd naturally expect some border flow through to the
border economy, particularly when you consider it had a time
where on farm returns are pretty healthy and possibly at
(06:55):
record level. So the clearly things are a little bit
tougher in the earth An economy, so hopefully we see
some some pull through across broader New Zealand.
Speaker 2 (07:04):
We're all hoping to bludge off it, an't we. What
the argument was all that farmers will take it and
pay down debt, is that, you know, how do we
figure out what they want to do with it?
Speaker 7 (07:16):
Yeah, I think it's very circumstantial, to be honest, it's
hard to be directly clear. I mean, there definitely will
be some repaying debt. There might be some buying a
new boat, there might be some renovating the batch. There
might be some sort of reinvesting in there in their
own businesses, if that's you know, maintenance or expansion. So
(07:39):
I think it is difficult to preempt. But you know,
it is at a time where as I mentioned on
farm profitability, even if you exclude this Fonterra return is
sort of at or near record high. So it's certainly
good timing for farmers and for New Zealand more broadly.
Speaker 2 (08:00):
What's your take on the you know, this big argument
that this is a short term sugar hat. You know,
Winston doesn't like it. I see I saw a piece
from sand Stubbs the other day saying it's it's a
tactical win, but a strategic loss. You know, we're not
looking to the long term. What do you think?
Speaker 7 (08:15):
Yeah, so I don't necessarily agree with that views. So
our view is that we think it's a good idea
that focuses Fonterra on what it's done best historically, where
it's higher returns are. And I think it's important to
recognize essentially the counterfactual here. So what would it take
(08:36):
for Fontierra a really unleash his business? And yeah, for us,
that would be multiple billions of dollars in investment, and
you know Fontira couldn't fund that itself, so you know,
it joppling to take the path of returning the capital
and you know, I just putting ownership in someone else's
(08:56):
hands where they haven't been the highest value of this business.
And I think it's important to recognize that, you know,
the Frontario has a lack of scale and consumer globally
and hints that that sort of investments would be what
it would take to really unleash this business, to get
it to a return on capital that would likely be
(09:17):
not too much higher than what the rest of the
business is doing. Currently, so we think it's it's sensible.
Speaker 2 (09:24):
Appreciate your time, Matt. Thank you. Matt Montgomery for South
Bar Senior Analyst Equity. His time is five seventeen News Talks.
He'd be Bryan Ryan. Where does the money go from
Fronterira sale of the consumer business? Well, I bet the
banks come a knock, and the general talk amongst my
colleagues at least and other farmers is we'll be cashing
in and going on holiday. Craig, Really, I mean.
Speaker 8 (09:43):
Sure, there'll be the odd ut, there'll be the odd
trip to Fiji, There'll be some paying down of debt,
but as Matt said, it's kind of hard to figure
out exactly what will happen with the proceeds.
Speaker 4 (09:55):
Ryan.
Speaker 2 (09:55):
This is from Helen Helen's coming hot this morning. If
all those people go going on strike that upset with
their pay and workplace, just leave and go get another job. Otherwise,
suck it up, buttercup. Except the fact that your employer
just has no money.
Speaker 1 (10:10):
Views and views you trust to start your day. It's
early edition with Bryan Bridge and are the Supercenter explore
r these accessories and servicing fall than one News Talks.
Speaker 2 (10:22):
He'd be by I'll tell you what I think about
those strikes in just a second. The NPC Final this
weekend and it's all Southern decider Canterbury o target. This
is at a polo stadium in christ which it's sold out. Zb'
sports Nick Bewley is making the call and he's with
me this morning. Good morning, neck, good on, it's your right.
How's the weather looking?
Speaker 9 (10:38):
First of all, better than yesterday? Much better.
Speaker 10 (10:42):
Yeah, we're expecting some light winds, some sort of blustery
sort of northwesters tomorrow afternoon for kickoff at four h five,
but certainly nothing of the strength we've had over the
past few days. So and fine to not not any
showers on the forecast.
Speaker 9 (10:55):
So that's encouraging.
Speaker 10 (10:56):
Given the sold out sign has gone up for the
first time ever at an MPC game at Apollo Project Stadium.
What is the last ever MPC game at the stadium
before we move into our brand new multi purpose arena
in town.
Speaker 2 (11:09):
It's a lot of last isn't it. Because you've got
Marty Burke as head coach, final Tom Christie as captain.
So there'll be a few Swan songs.
Speaker 10 (11:17):
Indeed, Yeah, emotional time for quite a few of the
Cannabury contingent. As you mentioned there, the coach is departing.
Tom Christie is a real fan favorite. Done here, Ryan,
He's heading away to England after tomorrow's game. I think
the Otago captain actually Sam Gilbert is heading off to
Ireland as well, So that just adds to another layer
to the narrative. And look at it just sort of
(11:41):
writes itself. Really Cannabury Otaga, there's so much on the line.
These two teams met five weeks ago here in christ
Church for the ran Philly Shield and Otago got the
job done on that day. Thirty eight thirty six was
an absolute thriller. So it all shapes up really nicely
and well. Like most things, Ryan pretty much run around
the country don't want Canterbury to wins.
Speaker 9 (12:01):
So I think a lot.
Speaker 10 (12:02):
Of supporters with the Otago outside of the region.
Speaker 2 (12:05):
There definitely will be I know who my old man
is going to be supporting. But Otago haven't actually won
since the ninth since you know Cronfield, Tane Randall, Jiff
Wilson days of the nineties.
Speaker 10 (12:17):
Yeah, nineteen ninety eight, I was four, but yeah, like
it was a real sort of a great era for
Otago rugby.
Speaker 9 (12:26):
As you mentioned there some of the names.
Speaker 10 (12:28):
Tane Randall was the captain, Jeff Wilson on the wing,
Chainsaw Brendan Laney on the other And it was a
real romantic time down there in Carrisbrook where Otago were
playing some fantastic rugby. But it has been twenty seven
long years since they've won a national provincial championship. And
to be fair right, they're playing a brand of rugby
this year that probably hasn't excited the people of Otago since.
Speaker 9 (12:49):
So they've got some really exciting young players.
Speaker 10 (12:50):
Has been so much shit about this young half back
Dylan Pledger and the open side flanker Lucas Casey as
while they play real entertaining brand of footy and and
if they bring that to christ Church, which I think
they will and the conditions will allow. As I say,
it all sets up really nicely for tomorrow afternoon to
put a cap on a fantastic season.
Speaker 9 (13:09):
It's yeah, it's been really.
Speaker 2 (13:11):
Really great to cover, brilliant looking forward to Nick. Thank you.
Nick Buley Zedb's Sports. He's calling the game and it's
five twenty three.
Speaker 9 (13:17):
Bryan Bridge.
Speaker 2 (13:18):
Ryan is a farmer This is from Judy Morning. Judy
as a farmer who'll benefit from the sale for once
we cannot only catch up on overdue maintenance, but makes
some improvements to our farms. Unlike housing, farmers have had
almost no capital gain since two thousand and eight. Milk price,
farm working expenses, they're all converging and have been, and
that has affected profitability. But also, as Judy says, capital
(13:42):
gain time now is twenty four. By the way, we
should get speaking of capital gains, we should get a
labor policy on this, apparently in the next couple of weeks,
so you'll be able to find out just how much
duty of your farm they're going to come for five
twenty four News Talks had been the early.
Speaker 1 (13:58):
Edition full the show podcast on Ihard Radio powered by NEWSTALKSV.
Speaker 2 (14:04):
News TALKSB five twenty six on your Friday morning. So
one hundred thousand workers went on strike. Now what the
cost has settle? These claims will surely run into the
billions of dollars, easily run into the billions of dollars
for all these workers. Nineteen seventy nine, that was the
last time we had to strike this big. That was
a general strike three hundred thousand people. This was Muldoon days.
(14:25):
It was over a dispute with the driver unions and
Transport went to arbitration. The unions one well, Muldoon lost.
The deal went through this time senior doctors refused binding arbitration.
Simeon Brown offered it. They said, nap secondary teachers they've
got a few more strikes in them before Christmas though
they're lower level. And the primary teachers they say they've
(14:47):
now got more dates set down to talk pay conditions,
et cetera. Next month. You'd have to say, based purely
on a little bit of polling and a little bit
of vibes, that the workers win the week they've won
the PA battle. I mean, personally, I'm already sick of
hearing about how much senior doctors get paid. Parents will
be sick of their kids missing school any more delayed
(15:10):
hip operations than they'll be hell to pay. If the
unions expect strikes to kick off again next year, they
might just find themselves falling out of favor worth workers
in the private sector. Remember the median wage, median salary
seventy thousand dollars a year. Private sector workers haven't been
getting the same increases as the public ones, and the
(15:33):
offer of these teachers are rejecting right now would have
almost eighty percent of them earning more than one hundred
k a year base salary base salary. Arguing for more
and dragging out industrial action for too long, you risk
looking well political what the government said you were, or
greedy or both. Given the state of the books and
(15:56):
the enormous deficit blowout that this current lot inherited, you
have to be careful, don't you. So the unions, I think,
have won the battle. The question really is can they
win the war? Rambridge eight News Talk VB. Now, the
housing affordability thing is interesting because you know, economy is
not doing that well. We know this. In fact, I
(16:18):
was driving to work this morning and I saw a
billboard and I thought, God, this is a sign of
the depressing times. That was a Westpac billboard, and it
had a woman on the on the billboard who looked
a little forlorn. She was obviously a business owner, and
it said something like survives the quiet Patches, and I thought, oh,
good morning. Anyway, here we are. The good news is
(16:40):
that if you are a first home buyer and you're
in the market, things are looking good, they reckon. This
is from interest dot co dot NZ. House prices for
first home buyers the most affordable now in four years.
And they look at the lower quartel, which is cheaper
homes price on average five hundred and ninety thousand dollars
in September. That is down eighty from November twenty twenty one,
(17:02):
so that's good. Then you look at your mortgage interest rates.
So the average two year fixed now is four point
seven to two for September. That's down from seven and
November of twenty twenty three. And your incomes are up,
So now's the time get in there. Everything else might
feel little bit caput, but housing there's your ticket. News
(17:23):
Talks MB, we'll get to UK Europe Correspondent after news.
Speaker 1 (17:37):
Ryan Bridge on early edition with r V Supercenter explore
RV's accessories and servicing all in one. News TALKSB.
Speaker 2 (17:48):
Two be far away from six. News Talks MB coming up.
David Seymour on the strikes Vincent Macaviny out of the
UK Europe for US this morning. Trump last week we
spoke about this. He said no to the Tomahawks, to Zelenski,
but he is giving them something overnight. Trump has announced
sanctions first time since taking office in January. Did a
bunch in his last time in the Oval office, but
this time these are his first sanctions against two Russian
(18:13):
oil companies. Profits from them, taxes go back to the Kremlin.
The Kremlin funds the war. The war happens in Ukraine.
Trump's trying to stop it. He's basically frustrated with Putin
because every time he has a meeting with Putin, and
he's canceled the most recent one, but every time he
has a meeting with Putin, Putin goes oh yeah, yah,
yeah yeah, and then goes back to bombing the hell
out of Ukraine. So Trump is now doing sanctions. So
(18:36):
this is pretty significant. Half of Russia's oil exports come
from these two companies. The UK sanctioned them last week,
the EU is likely to do that today. We will
hear about that this morning. Question is whether they will
actually work. All comes down to enforcement. Interestingly, taxes from
the energy industry make up about a quarter of Russia's budget.
(19:00):
So what the Kremlin needs to fund the war, A
quarter of that comes from taxes from energy companies, and
they got big problems over in Russia. Of course, there's inflation,
there's a deficit, there's a labor shortage, there's growth problems,
you name it. Brent crude futures off the back of
this news overnight are up five percent because obviously they're
worrying about it shortage. But the big question is what
(19:21):
do you do about India, Turkey and China buying the
oil from the Russians in the first place. A twenty
two minutes away from six Color, Proctor and Needin for
us this morning, morning, come morning, right, jeez? But windy
for you guys yesterday, Yeah.
Speaker 11 (19:37):
Very much so, and still feeling the effects today. In fact,
hundreds of homes around Dunedin's still without power here this
morning after those destructive winds, so residents from Moscule to
Port Charmers are still in the dark, as are the
people on the Otaga Peninsula. The power has been out
since around one thirty yesterday when those gales struck, causing
(19:57):
extensive damage to power lines or Energy says they stood
down their repair crews last night due to fatigue, so.
Speaker 2 (20:05):
They'll be back at it this morning.
Speaker 11 (20:06):
Mosgow and peninsular residents also asked to reduce water consumption
due to those outages impacting wastewater pump stations. A number
of roads here remained closed due to fallen trees, the
wind damaging our railway station and the roof of forsythe
bar Stadium. Gusts of up to one hundred and seventy
k's recorded at one stage.
Speaker 2 (20:24):
Ryan, all right, then, what's the forecast looking ahead?
Speaker 11 (20:29):
Was slightly calm but still gusty westerlies today, possible thunderstorms,
early occasional rain this afternoon, the high seventeen.
Speaker 2 (20:35):
Cheers Claire and christ Church morning. Claire, good mornings. You've
got a state of emergency still ongoing there, haven't you.
Speaker 12 (20:42):
Yeah, we do have the state of emergency here. Although
the rare red wind warnings were lifted for Canterbury as
well as Southland, Stuart Island and Klothy yesterday afternoon Wellington
and wided up as orange warnings were also expired here
in christ Church, it honestly did feel a bit like
we dodged the bullet. But elsewhere things did get quite
scar We had winds exceeding two hundred kilometers an hour
(21:03):
in some areas, ripping roofs from homes, and the likes
of Oxford, there were trees that came down and blocked
a state highways, some of them still blocked. Residents at
Hannah Springs were also left watching on as a fire
took off on the hillside. Thankfully the wind blowing it
away from the township, but real concern there because road
blockages meant that no extra crews could get him. We
(21:23):
still have power outages very widespread around and some repairs
could take more than a week. Last night, the concern though,
turned to our rivers. Voluntary evacuation notices were issued for
residents in Kaiducky and Pines Beach because the wymuck at
Any River was rapidly rising. The at okaiah Hut residents
were also told they should evacuate because of a very
(21:43):
flooded at Akaia River. The Canterbury Civil Defense Controller James
Thompson says this state of emergency will be looked at
today and they do hope that it may be able
to be.
Speaker 2 (21:52):
Removed right and the weather looking ahead for.
Speaker 12 (21:55):
Christ Church looking mostly fine today. Westerly is turning northeasterly
will be gusty, but nothing like yesterday.
Speaker 2 (22:01):
The high nineteenth all right, brilliant and things looking good
for that NPC final Apolo Stadium too clear. Thank you
mex and Wellington X. Good morning, good morning. Clean up
job today.
Speaker 13 (22:10):
Yeah, look, it was bad yesterday probably is bad in
terms of what the wind was as it was Tuesday.
What we also had to contend with, thore was some
pretty steady showers through the day. There were road closures
and no flights in and out of Wellington for a
large portion of the day. No trains of course from
eight am to six pm buses affected. A lot of
businesses closed for the day, probably a reasonable decision considering
(22:33):
the whole of the town seemed to be working from
home more so than normal.
Speaker 9 (22:37):
A lot of power.
Speaker 13 (22:37):
Outages and wided up a handful around upper huts, carpety
seen a couple of trucks, trailers overturned, fences blown in,
parts of buildings coming loose, threatening to come down. We
had a couple of temporary road closes in the CBD
because of bits of buildings flapping around, trees uprooted roofs,
lifted power lines down, a lot of damage to clean up,
(22:58):
I imagine. I'm sure the council we'll have a bit
of a large bill after today.
Speaker 2 (23:02):
How's the forecast locking ahead?
Speaker 13 (23:05):
Yeah, better, mostly fine, stronger winds not as strong obviously
seventeen the hay.
Speaker 2 (23:10):
All right, brilliant, Thank you Max and NIVA's and Auckland Neva.
Good morning, good morning, and now I have an update
for you before you give an update to me.
Speaker 1 (23:17):
Yes, tell me.
Speaker 2 (23:18):
This is from Mike. He says, good morning. Tommacky Driver
is open with no restrictions. I traveled through the city
from Iraqi this morning and it was all good.
Speaker 14 (23:26):
Oh that is great, great, But so that's breaking news.
That's way better than what I was going to say.
I thought when you said, Mike Seyes, I thought, what
Mike Costking, what's he doing.
Speaker 9 (23:35):
Down Tommacky Drive?
Speaker 14 (23:36):
No, no, right, yes, because Auckland Transport they were hoping
to make a decision, and there you have it. Obviously,
this is as a result of that terrible fatal crash
over twenty four hours ago. The bus driver died, another
person seriously injured. Fire and emergency have confirmed that the
fire started in the engine of the petrol vehicle then
(23:57):
spread to the bus. So yeah, set because people were
wondering what's out of electric bus? Yeah, things like that.
So there'll be more details coming out later on today.
Speaker 2 (24:06):
All right. And how's our weather today, Neva.
Speaker 14 (24:08):
Okay, so the heavy rains easing to the odd shower,
it's going to clear. Great news, It's going to be
fine later today nineteen is a high.
Speaker 2 (24:16):
Beautiful yes, and a three day weekend day right, excellent?
Got any plans?
Speaker 14 (24:21):
No, I'm going to sleep today.
Speaker 2 (24:22):
Good so much then, And I know because I've just
have no energy.
Speaker 9 (24:26):
I'm so quite out there.
Speaker 14 (24:28):
This isn't quite as Neva's been. So I'll spring into
action tomorrow.
Speaker 2 (24:31):
Get some rest. That's neither. Seventeen away from six News
Talks B. We'll get to Gavin. Sorry. Vincent mcavney is
the UK. You're a correspondent today on the sanction. So
Trump's done his the EU is apparently following suit. We'll
hear what that's, what's happening with that? Also, David Seymour
on the strikes before six News Talk set B five
A quarter to six. I should say, lots of text
(24:53):
on the strike yesterday. This one from Angela who's a teacher, Ryan,
stop the pay narrative. What we want is supporting classrooms
for the en increasingly complex needs of a diverse reigns
of range of students who this government thinks as one
size fits all. All right, Well, I mean it is
about pay, isn't it. Because every time I get the
unions on, I say, so you're happy with the pay
(25:14):
and then we can deal with the other stuff, and
they go on, no, it is about pay too, So
you can't ignore the paything, Angela. But I will put
that to David Seymour. He's on the show in a
couple of seconds.
Speaker 1 (25:23):
International Correspondence with Ends and Eye Insurance, peace of mind
for New Zealand business.
Speaker 2 (25:29):
So I got these Trump sanctions on Russia. Now the
EU set to follow suit. Zelensky's been in Brussels. Vincent
mcaviny are, UK europe correspondent, Vincent, Welcome to the show.
What's Selensky been saying?
Speaker 3 (25:39):
Good morning? Well, Zelensky has been in Brussels today meeting
with EU leaders. They announced a nineteenth package of sanctions
on Russia. They follow President Trump's quite big decision yesterday
to impose sanctions of his own on Russia's two biggest
oil companies. President Zelenski's forces have been really targeting the fire,
(26:00):
including overnight on oil refineries and electricity operations in Russia.
Real damage to the economy, so he's feeling pretty buoyed
by the continued support, even though he didn't get those
Tomahawk missiles. He's also been doing an agreement with Sweden
at one hundred and fifty of their fighter jets paid
(26:20):
for using frozen Russian assets from across Europe as well.
So quite a good trip of for President Zelenski as
he prepares his country for their fourth winter at war.
Speaker 2 (26:31):
Meanwhile, we've heard King Charles and Pope Leo have a
nice priya.
Speaker 3 (26:36):
Yeah, this is quite a remarkable moment if you know
much about British history, I mean, the Church of England,
which King Charles is the head of his ancestor Henry
the Eighth, broke off from Rome famously five hundred years
ago with the Reformation. A lot has happened since then,
the in terms of sectarian tensions in this country, but
there has been this remarkable moment, King Charles going to
(26:58):
the Vatican to press for the first time since that breakaway,
with a pont the two men sort of being seen praying,
and this is something that Charles has been quite clear
on in his reign and in his time as Prince
of Wales as well, that he wants to be seen
not just as the leader of a church, but a
(27:20):
defender of all faiths and those who worship. So quite
a big moment for him today in the Vatican.
Speaker 2 (27:26):
Brinceton brilliant, I should say Princeton, Princeton brilliant. From Vincent mcavinie,
Our UK. You're correspondent twelve to six Bryant Bridge. So
the mega strike's been gone. What happens now? David Seymour's
Deputy Prime Minister, Associate Health and Education. Good morning minister,
Good morning Ryan. What's your take on the public sentiment
because from where I'm sitting, it seems like the unions
(27:48):
might have won the battle on this one.
Speaker 15 (27:52):
Well, you can talk about sentiment, but we need to
stick to effect. The pay request that are being made
just sustainable given the government's finances, and they are disconnected
from the reality that the New Zealanders who actually pay
the taxes to funds any increase have had themselves.
Speaker 2 (28:15):
You know, you look at teachers, fourteen and a.
Speaker 15 (28:18):
Half percent in the last three years, sixty six percent
or two thirds of teachers paid over one hundred thousand dollars.
In the case of nurses, starting on seventy five, under
the office. They've had someone who starts today as a
nurse will be on eighty six thousand dollars by next
year as a graduate. That's after a year's step, and
(28:42):
the raise that's being offered that nurse would top out
at over one hundred and twenty five thousand dollars a year.
I don't think that that reality has really hit, but
certainly those conditions are pretty attractive compared with what most
of the people actually paying the taxes and who had
(29:02):
to rearrange their day yesterday if they have children or
who need needed surgery yesterday, are getting themselves.
Speaker 2 (29:09):
Given that, will you then rule out reevaluating a fiscal
envelope to up an amount that might be offered by
the Public Service Commission or Health n Z.
Speaker 15 (29:20):
Well, I'm not going to make a decision like that
on the radio right now, but there are certain realities
that you know, there's a series of dominoes that fall
and you have to put them back up. We had
huge government spending that led to huge inflation, that led
to high interest rates that led to a recession.
Speaker 2 (29:40):
So that we are now getting any more. They know
you won't give them any more than what you will.
Speaker 15 (29:43):
Well, well, I'm just well, the negotiations underway. I'm not
going to negotiate, but we are now controlling the spending,
we know, with half the inflation, with half the interest rates,
and we're now getting the economy back on its feet.
I mean, that's the practical real that New Zealand faces
after the last five years. Now, you know, there seems
(30:04):
to be a disconnect between that reality and some of
the rhetorican demands from the Union organizers.
Speaker 2 (30:10):
Hey, minister, we headed a Trump going with sanctions against
Russia and oil companies overnight. Good news.
Speaker 15 (30:17):
Yeah, Look, it's it's pretty simple. There are some people
that fudge this, but you need some moral clarity. This
is an illegal war by Putin, who was a dictator,
and it's important not just for the Ukrainians' lives, but
for all of our freedom that Ukraine succeeds and pushes
(30:38):
Russia out. So that's been by personal position for a
long time. It's also our government's position.
Speaker 2 (30:43):
What about the you know, the Turkey, China, India buying
the oil. That's the real problem, isn't it. Well, I agree.
Speaker 15 (30:53):
I mean the intention of our government and our allies
is that Russia is not supported. If people want to
do that, then obviously we don't approve of it. But
you know, everyone has to decide what sort of world
they want to live in. If you'd like one with
the rule of law and strong international borders where people
can live peacefully, that's one option. The other is that
(31:15):
some states can alter their borders and brutalize people by force.
So that's another type of world, but not the one
that we want.
Speaker 2 (31:23):
David Semi appreciate your time this morning. Thank you, Deputy
Prime Minister Associate Health and Education. It's eight to six
News Talk, SAIDB the news.
Speaker 1 (31:31):
You need this morning and the Indie Depth Analysis Early
edition with Ryan Bridge and r the Supercenter explore r VS,
accessories and servicing all in one News.
Speaker 2 (31:41):
Talks EDB six minutes away from six. You know the
robbers in Paris and they made off with the Crown jewels. Well,
the bad guys used a furniture lift to do it,
and they posted the footage obviously of which someone caught
on their cell phone of the heist in action online
and watching. This was a guy in Germany and he
owns his family owns a business, a company called Boker.
(32:04):
They make furniture lifts and elevators, and he said, oh,
that's one of ours that they're using. So he's like, right,
this is a great marketing opportunity. So they now have
Facebook and Instagram ads running with a photo of the
heist happening and the catch line the motto is when
you need to move fast, use Boker and quite some
(32:26):
quick thinking marketing team there five minutes away from six.
Mike's there on a Friday morning morning. Mike, Joy to
see you, Ryan. When if you say these things, you
know there's a sitting hint of sarcasm in your voice.
Speaker 16 (32:41):
Mike, only if you want to receive it that way.
Speaker 2 (32:43):
You know you're not going to see me until next Tuesday.
Now that's correct. What are you going on strike? No,
I'm not going on strike. I wouldn't go on strike.
Speaker 9 (32:50):
But a slash.
Speaker 2 (32:51):
Ell, we've got a day in lou Well, we've all
got a day off on Monday. That's actually true. That
is true. Five days off the teachers of course.
Speaker 16 (32:59):
Wellactly, I've got I've got Joseph Parker on the spot. Great,
I love Joseph Parker. Do you love Joseph Parker?
Speaker 2 (33:05):
Yeah?
Speaker 9 (33:05):
I did a real soft spot for Joseph.
Speaker 16 (33:06):
I don't know why, but I remember when I first
started talking to him many years ago, and he was
that very very shy.
Speaker 2 (33:12):
Yeah, a likable guy, but you know, didn't have a.
Speaker 16 (33:14):
Lot to say, and you thought, I wonder where he's going.
But now he's just so every time he comes and
here he hugs me. Yeah, and it's the.
Speaker 2 (33:20):
It's a bold move.
Speaker 9 (33:21):
It is a but it's also it's also.
Speaker 2 (33:25):
Try to not even get close.
Speaker 16 (33:26):
Have you seen how big he is?
Speaker 2 (33:27):
Yeah, he's massive, and when he envelops me, there's there's
nothing left. He lets go. He's one of those sweet guys,
isn't he when you talk to him off camera and star, Yeah.
Speaker 16 (33:41):
He's one of the most likable guys in the world
and then suddenly gets into the.
Speaker 2 (33:45):
Ring and hugging one of the most unlikable guys in
the world.
Speaker 16 (33:49):
When you know, Ryan, when you say that anyway, Joseph
and Justin Marshall's on as well this month.
Speaker 2 (33:56):
Brilliant. All right, Mike's here with your next see you
next Tuesday. Everybody have a fantastic.
Speaker 9 (34:00):
Friday, So tell me an it kicks in.
Speaker 1 (34:05):
Broken Heart 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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