November 3, 2025 • 34 mins
On the Early Edition with Andrew Dickens Full Show Podcast Tuesday 4th of November 2025, Centrix data shows more people are getting mortgages, Westpac Chief Economist Kelly Eckhold tells Andrew what this means for the economy.
A new NZ Initiative report’s calling on the government to tap into GP data, Chair of General Practice Owners Association Dr Angus Chambers shares his thoughts.
NZ Cemeteries and Crematoria Collective Chair Daniel Chrisp tells Andrew we’re running out of room to bury the dead.
Plus, Australian Correspondent Donna Demaio has the latest on the weather in Melbourne for the highly anticipated Melbourne Cup.
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Speaker 1 (00:01):
The issues, the interviews and the insight. Andrew Dickens on
early leadership with our the Supercenter, explore our the successories
and servicing all than one news talks that'd be.
Speaker 2 (00:12):
Wellcome onning to you and thank you so much for
choosing the program coming up at the next hour and
this age of data? Why is it that the Ministry
of Health has no idea of what is happening in
GP practices. We'll have that story for you in five
We're running out of space to bury the dead and
counselors are sitting on their hands. That story in ten.
Why is the Malori party imploding that? In fifteen and
(00:35):
it's Melbourne Cup Day, we're going to take you to
Melbourn with Donnod Demeyo and lending for house buying is
suddenly up big time? What does it all mean? West
Pax Senior Economists. Is just before six. We'll have correspondence
from right around the world and right around New Zealand
and news as it breaks, and you can have your
say by giving us a text. The number is ninety
two ninety two and a small charge applies. It is
(00:55):
seven after five. The agenda tay the fourth of November
a thirty two year old man's fronted court in the UK,
charge with eleven counts of attempted murder, ten from a
train stebbing in Cambridge, this Shire, and another from an
attack in London. Just hours earlier.
Speaker 3 (01:13):
Anthony Williams, who thirty two, appeared in the dock wearing
a gray tracksuit, which is the kind of thing that's
issued to people in police stations when their clothes have
been taken away for forensic testing. He was charged with
ten counts of attempted murder on the train at Huntington station.
He was also charged with possession of a knife on
(01:34):
that train at Huntington stationer and also charged with assaulting
a police officer at Parkside.
Speaker 2 (01:40):
Okay, now to the United States where the government shutdown
is in Today thirty four Tramps appeared on CBS News
and he's called the Democrats lunatics. Sounds like it's not
going to get solved, the shutdown. It's going to get
shove you. Oh, it's going to get so how we'll
get a job. Eventually they're going to have to vote.
You're saying the Democrats will capitulate. I think they have to. Okay. Meanwhile,
(02:01):
our judge has extended the block of Trump's plans to
send the National Guarden to Portland, and Bernie Sanders has
been interviewed by The New York Times and he says, basically,
there's no Democrat party left and to the sole survivor
of the Air India crash which killed two hundred and
forty one people on board. He's now done an interview
with the BBC. He says he feels like the luckiest
man alive.
Speaker 4 (02:21):
It isn't Medikalini. Still, I'm not billion. I'm only once.
Speaker 1 (02:25):
Soever, when did you realize when you were on that
flight that something was wrong?
Speaker 4 (02:31):
It is very painful for me to explain that happened. Still,
I lost everything to my brother. For me, I've lost
my brother.
Speaker 2 (02:41):
And he's also suffering physically and mentally. And his advisors
want more support from Air India.
Speaker 5 (02:47):
Three times we have an issued in invitation to them
to come and sit with us and collaboratively and work
together to try and help viswash Kumar and his family
through this ordeal. Three times maybe either ignored us or
turned us down. It is not acceptable.
Speaker 2 (03:04):
It's nine out to five.
Speaker 1 (03:06):
The first word on the News of the Day early
edition with Andrew Dickins and r V Supercenter explore r
VS accessories and servicing all in one used talks.
Speaker 2 (03:16):
Be well, good morning to the early morning community. There's
a big old yellow moon this morning. Did you see it?
It's not a full moon, it's a waxing gibbis. It's
a full moon on Thursday, and based on what I
saw today, it's going to be a big, fat old
moon on Thursday. So there's a treat for us early rises. Now,
speaking of early rises, a shout out to the roading team.
It's currently working on Esmond Road, which is a major
(03:38):
feeder to the Auckland Northern Motorway. So what they're doing
is resurfacing one entire side of the road. There's a
small army there working against the clock. They've got to
get the road ready for the morning rush hour. It's
a very impressive feat of logistics and planning to get
all the kits and the men there and get them working.
And they've got a time they've got a time constraint
on it, and I wish them all the best and
(03:59):
pray that they are finish just in time for the
rush hour. And while I'm here, i'd also like to
make a shout out to the milkman I meet every
morning at three forty five in the morning. He's been
telling me tales of all the new buildings in the
city and just how plush and well designed they are,
and he's particularly impressed with the brand new One New
Zealand building, which he says is something quite something to
walk through, because while there may be hard times, people
(04:21):
are still making money. Things are still ticking over, especially
if you run a phone company or a bank, and
that's something we're going to talk about later. In the
wake of this fulsome result from Westpac where we saw
yesterday big numbers net profit of one one hundred and
ninety seven million, that's up thirteen percent, net operating income
of three thousand and eighty nine million, up eight percent,
(04:44):
and they're spending a little bit more too. They're employing people.
Operating expenses of one thousand, four hundred and seventy one million,
and that is up seven percent. So you know, that
says things are still moving in this country. And we'll
talk to the senior Westpac economist a bit later on
to figure out whether this is a sign that the
green shoots are actually starting to become real growth and
when do we get the Flowers News Talk ZIB twelve
(05:08):
after five. Now, can you believe that the Ministry of
Health has no idea what's happening in GP practices? There
is no data sharing between the GPS and the Ministry
of Health. And because we know that primary care is
the big thing, that's where you find out the very
first stages of whether we've got some bills and some
costs and some things to go through. So shouldn't something
(05:30):
happen about that. We're going to talk to doctor Angus
Chambers next from the chair of the GP Practice Owners
Association and ask them why aren't they sharing the information?
It is twelve after five.
Speaker 1 (05:45):
On your radio and online on iHeartRadio Early edition with
Andrew Dickens and are the Supercenter explore r V successories
and servicing more than one News talk said b.
Speaker 2 (05:57):
It's fourteen after five. Bob Reckins at Flower ten years away.
Because the damage to this economy has been so huge
over the past. He reckons we need to be patient,
and he reckons we need to support this government for
a long time right. A new New Zealand Initiative report
is calling on the government to tap into GP data.
It argues that ministers can track hospital visits, they can
(06:19):
track prescriptions and even school attendance, but they can't see
what's happening in GP clinics where most of the healthcare occurs,
and direct info from doctors they reckon could help improve
health outcomes and trim the health budget while they're rapit
at it. So we've got doctor Angus Chambers with us.
He is a chair of the General Practice Owners Association. Angus,
good morning to you.
Speaker 6 (06:39):
Good morning.
Speaker 2 (06:39):
So this report is called better Health through Better Data
by a doctor Prabani Wood. Is this a good idea
from doctor Wood that we share the data from GPS
to the ministry?
Speaker 6 (06:52):
Yes, so I think it is. It depends on how
it's done. That the spinner acknowledgedes a gap for quite
a long time in our system, and I think I
agree with her findings that of it.
Speaker 2 (07:03):
Yeah, her report talks about Canada. They do it in Canada. Canada.
Why do we not and why have we not collected
data yet? You know what has been stopping us?
Speaker 6 (07:12):
Well, it's partly will you know, it has been collected
in sort of piecemeal manners and you know, with some
actually good results out of it. And it's been done
by GP organizations phos gps themselves, but not systematically, and
it really requires an investment to do it in a
systematic way.
Speaker 2 (07:33):
You've read the report. Do you like her idea about
how it should be managed?
Speaker 5 (07:38):
Yeah?
Speaker 6 (07:38):
I do. I mean, I think the absolute key here
is how patients feel about having their data in there,
and to be I don't think they trust the government
that well, although some sometimes they expect half of it
there anyway, So a lot of arrangements around it that
need to be done carefully, around governance and who've assed decisions,
(07:59):
and it's very clear from her report that she believes
and I think it's the Canada experience that you need
the clinicians, the general practitioners and their spectationers have a
governance over the data and so I think that that
would give a lot of trust around the privacy issues
and the good use of it. Yeah.
Speaker 2 (08:17):
But I mean you can share the data without actually
sharing the name and the address, etc. And I know
it's deeply ingrained about you know that then information you
give to your GP should go no further. But at
the same time that just you know, puts a handbrake
on the health system.
Speaker 6 (08:35):
Yep, no, that's right. There are ways to manage that,
so I don't disagree. I think it can be done
in a good way, but it depends on how it's done.
Who's in charge of it? All right?
Speaker 2 (08:44):
Anger, thank you so much. Angus has there, and of
course Provadi Wood has said it. I wonder if the
government is listening to it. It is seventeen minutes after
five now. Apparently we're running out of places to put
our dead people. The cemeteries are full, and the question
is what are we going to do next? And are
we making plans? Well, I've got that answer for you next.
Here are news talks.
Speaker 1 (09:03):
HEREB News and views you trust to start your day.
It's early edition with Andrew Dickins and are the super
Center explore r VS accessories and servicing Fall than one
News talks at B it is.
Speaker 2 (09:16):
Twenty out to five. Here's a story we should have
done on Friday when it was Halloween. Apparently we're running
out of room to bury the dead. The New Zealand
Cemeteries and Crematoria Collective says Auckland and other regions are
nearly a capacity, urging councilors to snap up land and
they plan strategically for local symmetry spaces. So Daniel Crisp
(09:37):
is the chair of the New Zealand Cemeteries and Crematoria
Collective and joins me. Now, good morning to.
Speaker 7 (09:41):
Here, Daniel, Good morning Andrew.
Speaker 6 (09:43):
How are you.
Speaker 2 (09:44):
I'm good. Just how close are we to being full?
Speaker 7 (09:48):
Well, like to say, there are a few regions which
are nearly there unfortunately, so maybe five years or less
or less left of space, So you know that's not ideal.
You know, we're trying to councils to plan proactively. When
they've got about ten years left, they should be starting
to consider it because it takes quite a while to
acquire land.
Speaker 2 (10:07):
Yeah, how did they do it? How do you make
a symmetry?
Speaker 7 (10:11):
Yes, that's the Public Works Act, which we know is
getting a few tweaks at the moment, so hopefully that
might help a little bit as well. But yeah, it's
a Public Works Act. Under the Burial Cremation Act, all
councils are required to provide burial space, so there's a
couple of legislative ways to do it. And then yeah,
it's got to go through that process which can take
several years.
Speaker 2 (10:31):
And New Zealand is still preferring to be buried rather
than cremated.
Speaker 7 (10:38):
Various from city to city based on demographics, generally speaking,
New Zealanders around to seventy five percent cremation now, but
there are still a lot of communities and cultures which
still prefer burial, which is fine. You know, I don't
think we're ever going to get to the point where
we're going to to the outlawing burial. That would just
(10:58):
be ridiculous. So we need to provide these options. So
councils need to think strategically and proactively about this thing.
Speaker 2 (11:04):
All right, And this is a bit dark as well.
If you've ever been to Paris, of course, you go
to the catacombs and that's quite remarkable, and that is
basically everybody from a cemetery who were then stored in
a mine, so they have more room for the city
and for more cemetery, aim for more people. So will
we ever get to that state where we might actually
disinter people and put them elsewhere to make more space.
Speaker 7 (11:26):
Yeah, Look, there's a lot of other countries do that,
and so it's it's a thing called limited tenure plots.
It is something we're trying to start the conversation on
it's very foreign to the islanders. We're pretty used to
having our plot forever. But clearly that's not going to
be an option forever to just keep something plots forever.
(11:48):
We need to look at these other options as well.
Speaker 2 (11:50):
So yeah, exactly your call is we need more semetriies
and we should have started thinking about it five years ago. Yeah.
Speaker 7 (11:56):
Look, a lot of the councils that are in this
predicament right now their fault. It's the fault of senior
management or chief executives or councils five to teen years ago,
and now they're stuck with the really crappy situation of
running out of space. So I do feel for them.
It is a complex thing to try and find land.
But yet we're urging councils to put now so in
(12:18):
another five or ten years time they're not in a
similar situation.
Speaker 2 (12:21):
Hey, Daniel, thank you so much for your time. That's
Daniel Crisp, who is the chair of the New Zealand
Cemeteries and Crematoria Collective. Now here's a fun fact I
found researching for this. Apparently, in the last fifty thousand years,
it's been estimated that one hundred and one billion people
have lived and died on this planet, including the seven
billion alive today. So that's a lot of people needing
a lot of space once they're gone. Meanwhile, also, our
(12:44):
local Catholic church is actually building a thing called a columbarium.
It's a niche wall. Now. Columbarium is an architectural structure
off in a wall within a cemetery or church grounds
that has small compartments niches designed to hold a containing
cremated remains. And that is an answer to you know,
sprawling cemeteries. Meanwhile, Taylor sent me a text already and
(13:07):
says it's time for high rises for the dead. Charming
five twenty four, the early.
Speaker 1 (13:13):
Edition full show podcast on iHeartRadio Power by News talks
at me.
Speaker 2 (13:19):
Sure b. It is five twenty one, and it breaks
my heart to see Maori representation in our parliament devolve
into the mess it has today. To party Maori is
obviously having a conniption with members at each other's throats
when they should be battling to make sure to al
Maori is getting through these hard times and staying healthy.
But no, no, even the President, who should be the
(13:41):
quiet force behind the scenes, is blasting party members in
a social media kangaroo court. John Tamahiri seems to have
no concept of the irony when he criticizes rogue members
in the media and then he accuses that same media
of being a white feeding frenzy, which is ripping the
party apart. Hello, that was a casually facious slur. Wasn't
(14:01):
a white feeding frenzy? And John, if you don't want
a feeding frenzy, then don't feed the sharks. It seems
that it's in this party's DNA from top to bottom
to course scenes and get photos and get headlines, and
not to do the work to benefit the constituents, and
has rent on Facebook about the Kupakinis. Tamaheri accused the
mother and son of entitlement, avarice and greed, which is
(14:24):
rich because the whole party rigs of ego and entitlement
and John has always been as zen master of it
and it's only been stoked along by the Time magazine
naming that young member is one of the one hundred
Emerging leaders in the world. Google Hanarrafiti mip Clark and
you'll find her influence rests solely on being the youngest
MP in one hundred and seventy years being Mari and
(14:45):
ripping some paper and performing a harker in the house.
She also apparently wrote a book about the moon when
she was seventeen, but that is about it. Does that
put her in the top one hundred. There are no
concrete achievements, just one stunt and of course her youth.
The Maori Party seem to think they're special just because
they exist, and that is entitlement writ large. The Maori
(15:08):
constituents deserve more from the people they gave the mandate to.
It doesn't need to be this way. The Maori Party
of Peter Sharples and Tarianatulia was not this way. This
current breed. The money and the fame and the cameras
seem to have gone to all the heads in the party,
from the top to the bottom, from John all the
(15:28):
way down. And it's time for that party to actually
do some mahi. Or perhaps they should just register as
a kapahaka group and no more news talk said be
now the high rises for the dead that Taylor mentioned,
He's come back to me with a text saying, I
mean do it tastefully and yes, of course, the same
(15:49):
problem with running out of a cemetery room is happening
in Britain and now they are building high rise apartments
for cemeteries, for burial plots, and we're talking seven store
and you can go up stairs and lifts pass every
niche all the way through. Because you know that's called well,
it's called pragmatism, isn't it. Meanwhile, on the GPS, good morning,
(16:11):
says Wendy a New Zealand Health. We're working on linking
up with Management Health and GPS, but it was one
of the programs that was cut with the costs to
the IT and back office. There is another forty seven
million to be cut again next year to Health New
Zealand that is not being reported. That will wipe out
any initiative like this, like getting the GPS to share
or any automation improvements. So there's a warning for you.
(16:35):
Did you listen to Mike's interview with Earlene TOLDU yesterday?
I did, we all did, and we all had the
same questions. And I'll talk about that in a few
moments time. And the Melbourne Cup is on the way.
Did you know there's a bloke who put a bet
down in January and Auckland for seven dollars based on
twelve winners over the year. He got nine in the
first couple of days. But he's now sweating today on
(16:57):
one result, and that is one horse winning. We're at
least getting in the top three. And that horse is
named Here Be Come, Here, Become. That horse is called Bukaroo.
If Bukaroo comes first, this fellow who did a seven
dollar bet in January will earn himself seven hundred and
thirty thousand dollars. Okay, Melvin Cup with Dono Tobao ten
(17:20):
minutes away, used talks at.
Speaker 1 (17:21):
B Andrew Dickens on early edition with r V Supercenter
explore r v's accessories and surfacing all than one.
Speaker 2 (17:40):
Used talks at.
Speaker 8 (17:41):
Being take him for Favoustone.
Speaker 6 (17:53):
You wanted to.
Speaker 2 (17:55):
We here earlier. Just Kenzie and I Love of the
via Deans and that's her latest single, bub Baby Steps.
She's coming to New Zealand next year now. Mark sent
me a text on ninety two ninety two saying a
lot of stuff, but at the end he says, hey, Andrew,
one thousand, one hundred million is actually one point one
billion for Westpax profit. Come on, you can you can
(18:15):
do that. You could have said that instead, and I said, well,
I want to say to you Mark, I purposely said
one thousand, one hundred and ninety seven thousand million was
the profit for Westpac for the simple reason that I
think people don't even comprehend a billion anymore. You say
a billion, they go, oh yeah, how much is that
going to cost? Five billion?
Speaker 6 (18:32):
Sure?
Speaker 2 (18:32):
Okay, Oh no, sorry, it's going to go to six billion.
Oh okay, No, a billion is one thousand million, and
that is a lot of zeros. Now everyone is talking
about Nolan Turtus media blitz yesterday and they're all saying
the same thing. Nothing is any clearer than it was before.
Dame Nolean doesn't really know what Netball New Zealand's beef
(18:53):
with her is. Nobody knows what the player's beef with
no Leans, and Netball New Zealand doesn't know what to
do about the whole thing. And we're all left with
deep concerns that nobody knows what they're doing in one
of our biggest professional sports. This is gold medal winning
dithering and we're all tired of it. Just fire someone
and get on with it. Fire the Dane, if you've
(19:14):
got the guts, Fire the players. If you've got the
guts or fire the management, one has to go. It
will hurt, it may cost, but this extended period of
dilly delling is just hurting the sport more. There's a
Commonwealth Games to be won, and even more importantly, there's
a need to get the sport on a stable financial
footing because the money ain't flown in. But the way
they're procrastinating on this issue is preventing the work that
(19:36):
needs to happen on the really big staff. It's twenty
one to six. It's time to go right around the nation.
News Talk said, be all right, Jamie Cunningham from Otago,
good morning to you.
Speaker 9 (19:52):
Good morning.
Speaker 2 (19:53):
Santana Minerals has lodged a fast track application to look
for gold in central Otago.
Speaker 9 (20:00):
That's right. The companies uploaded more than nine thousand pages,
one hundred and thirty five reports and paid the three
hundred and ninety thousand dollars application fee for New Zealand's
biggest new gold project in forty years. CEO Damien Springs
says this kick starts it's five point eight billion dollar
Bendigo o Fair gold project, calling it a milestone for
(20:20):
the company and the region. He says it reflects years
of serious technical work by a Kiwi led team to
secure land, complete the science and consult locally on a
credible long term plan.
Speaker 2 (20:32):
All right, yes, s and Sam Neil, the famous actor
and winemaker from central Otago, launched a media blitz against this,
saying this is going to wreck the Bendigo area. So
there we go. How's Otago's weather.
Speaker 9 (20:43):
Cloud increasing today with a chance of shower from midday.
Westerly is turning southerly and a high of twenty.
Speaker 2 (20:49):
To chrastiuch, should we go? Clear? Shure, We're good morning
to you. Good morning, So we're off to Chrashjuwish Women's
Hospital prisonry crash Uched Women's Prison. There's a bit of
pressure on to introduce a program to help mum.
Speaker 10 (21:00):
Yeah, this is the Mother's Project and they already do
this in Auckland Prison Andrew. But this is a storybook
initiative so effectively it enables women who are in prison
to record bedtime stories for their children. On the art side,
the founder of Mother's Project, Stacy Shortle, says, there's no
question connection between mums and kids across the prison wires
(21:21):
have been proven to help both of their well being.
She says it's a practical way for kids to know
that present isn't a barrier to hearing their mum's voice
and is proven to help reduce some other's likelihood of reoffending.
Short All wants it at christ Church Women's Prison. She
says it would remind children that even if mum is
not physically there, she's there by voice.
Speaker 2 (21:42):
And how's the weather for Canterbury?
Speaker 10 (21:44):
Nice?
Speaker 11 (21:45):
Today?
Speaker 10 (21:45):
Should be fine, easterly's developing this morning and twenty five
degrees ooh beautiful.
Speaker 2 (21:49):
Thank you. Max Toll from Wellington, good morning to you morning.
Council's got a spiffy new headquarters and now we know
how much it costs.
Speaker 12 (21:57):
Yeah, this one's not earth shattering, but more point of
journalistic principle. Really shows how difficult the city Council can be.
They've been refusing for some time now to tell us
how much they're spending to rent and to fit out.
Speaker 2 (22:09):
These new headquarters.
Speaker 12 (22:11):
It's a twenty five year lease with the former Data
comm building, so it's not a new building, a very
noticeable one. Data Com overlooking frank Kitts Park, two ten
or so level conjoined towers. We complain to the ombusman.
Why the secrecy? The ombusman wrote to the council's CEO.
Of course sided with us and they do now have
to tell us what that spend is. It's rate payer money,
(22:32):
the transparency thing. Two hundred and seven million dollars for
the lease and then more on top of that for
the fit out. Twelve hundred staff will be based there.
There's the mayoral office, the council chambers. The move from
they're currently up at the Terrace was supposed to happen
earlier this year, but it's been delayed by about a
year to early twenty twenty six now because I think
that fit out and getting everything right has been a
(22:54):
little more complicated than expected.
Speaker 2 (22:56):
Well, goodwek from the Wellington News team for keeping the
Willington Council on the turn and keeping the rate players informed.
How's your weather fine?
Speaker 12 (23:04):
Today's stronger northerly is just sixteen the high in the city.
Speaker 2 (23:07):
All right to or can we go? Never let a
man a good morning to good morning here? So I
talked about this yesterday actually a watercare spill into the
Marhalan River which affected the oyster farmers up at Marholrang
and they have to close down for twenty eight days
because of this spill. So what's next to.
Speaker 11 (23:22):
Yes, correct, well, now we know that water Care is
offering financial support to these affected Auckland oyster farmers, so
you're quite right. The farms have got to remain closed
until later this month. Water Care says, now this overflow
was caused by a technical failure following a power sage
at the Warkworth pump station. So now water Care is
in discussions with Aquaculture New Zealand. They represent the affected
(23:44):
farmers and this is all to do with the financial support,
which is good because they do need it. Watercre says,
what they've been testing and the pond water now is
within safe levels and that's good. And they've got two
investigations into this incident.
Speaker 2 (23:56):
There one bloke's got to throw away eighty thousand oysters
flipping here that just because of the section. So it's
going to cost. But yeah, as I said yesterday, this
is not just one spill. No, they've had thirty nine
spills all controlled over the last year and they've got
consent to do two hundred and there's a bit of
a move saying that water Care should do a whole
(24:17):
heit more than worrying about one storm year.
Speaker 11 (24:19):
So spirit of thought for those farmers. Yeah, not good.
Speaker 2 (24:21):
How's Hawkin's weather?
Speaker 1 (24:22):
Okay?
Speaker 13 (24:23):
Fine?
Speaker 11 (24:23):
Apart from some morning cloud another hot day twenty two
the high here in all clouds.
Speaker 2 (24:28):
And I thank you neither. Okay. It's seventeen minutes to six.
It's this what is it? The first Tuesday of November,
and that's always the race that stopped two nations Flemington
the Melbourne Cup. Are conditions hard and fast? No, they
had not. Donald Demayer with details next here on news talks.
Speaker 1 (24:44):
Hereb International correspondence with ends and eye insurance, peace of
mind for New Zealand business.
Speaker 2 (24:51):
Fourteen minutes to six to Australia. We go, more specifically
to Melbourne we go. Donald Tomorrow, Good morning to you.
Speaker 13 (24:58):
Good morning.
Speaker 2 (24:59):
It's Cup day and you're up early because you're going.
Speaker 13 (25:03):
I am going and I will be getting ready very
very shortly.
Speaker 2 (25:07):
But first I'm going to tell you that.
Speaker 13 (25:08):
We are very very excited about the one hundred and
sixty fifth running of the Melbourne Cup. The Cultural Institution,
twenty four horses vying for victory, and again we know
that I'm personally backing Jamie Melham, who is the female jockey,
the jockey that won the core Field Cup last month,
and she says that she did a little rain dance
(25:31):
and it's kind of worked. So we're talking about the
weather a lot in the lead up to the race
because it does look like it's going to be raining
all day and it might even still be raining during
the race. There was a dumping, a drenching yesterday and yeah,
the rain has not gone away. But to her horse
loves the rain apparently, so it's all good. But interestingly
(25:53):
on a New Zealand horse, I might add smoke in romans.
Jamie Mallam's husband is also run the Melbourne Cup. Ben
Meloam is also a jockey, so they're up against each other,
so they might be making history in another way as well.
So let's see who wins out of those two. What
else can I tell you? The National anthem will be
sung by none other than Greta Bradman. Yes, the grandchild
(26:17):
of Sir Donald Bradman. Isn't that lovely?
Speaker 2 (26:19):
And I've met Greta. She had an album yea, yeah,
she had a now Ma out about six or seven
years ago. She came here and she's interviewed on my
Sunday News sorts in b show. She's a great singer,
she's a great, great person. Fantastic this rain.
Speaker 6 (26:31):
How wonderful.
Speaker 2 (26:32):
This rain is going to flatten all the fascinators.
Speaker 13 (26:36):
Yes, but pillboxes are in this year, so we're okay,
We're okay this year okay.
Speaker 2 (26:42):
And what are you going to wear?
Speaker 13 (26:45):
Well, I'm actually really into vintage wear, so I've actually
gone and bought myself a beautiful slick black suit and
a lovely milliner Melbourne milliner called Renee Anderson made me
this gorgeous thing to put in my head with the
handcut red leather flowers. So I'm very much looking for
to getting all dot up and heading to the track
for very shortly.
Speaker 2 (27:06):
And don't forget to your umbrella. And I thank you
Donald tomorow And just a few things about this. On
the racing side, there are no New Zealand trained runners
this year, but there are two New Zealand breads, so
we've bred them, but Ozzie's owned them. The two horses
that are Kiwi's torron Zeno and of course Smoking Romans
that we've been talking about before. In fact, because there's
what Ozzie ten million dollars. That's what eleven point four
(27:27):
million New Zealand in the stake. Twenty one of the
twenty four horses in today's race are actually bred in
the Northern Hemisphere and two are bred in New Zealand
and only one bread in Australia. There are eight Irish Breads,
seven French Bread, three of British Bread, two for the US,
one from the Japan. These horses are mostly Australian owned.
(27:47):
They have raced in Australia for a while. But there
we go. Australia is not making good horses. Is eleven
to six News Talk SIVY. All right, finally some good
economic news. More people are getting mortgages. Centric data out
today shows new residential mortgage lending is up over twenty
percent year on year for the second month in a row.
(28:08):
So to discuss this, I'm joined by Westpac's chief economists
Kelly Echold. So Hello, Kelly, good morning. Does this mean
the economy is back on track or what?
Speaker 14 (28:18):
Well? I think it's sitting in the right direction. It's
still pretty early days yet, and many of the indicators
for growth for where we are now are still a
bit subpar, but certainly those lower interest rates are starting
to flow through.
Speaker 2 (28:31):
How much of this new lending is from first home buyers.
Speaker 14 (28:35):
There is some of it, although I would have to
say that when we look at the credit statistics, we
actually see the investors are the strongest part of the
market so far, but some of the early indications we've
seen in the last few months suggest that the more
kind of like low income marginal buyer is more important.
So that's the first time buias there.
Speaker 2 (28:56):
So the investors are that because the tax thing that
happened after the last selection and finding the interest rates
of form.
Speaker 14 (29:03):
Yeah, well, I think particularly it's the lower interest rates
that are important for the investors. It just means that
that hurd or rate of return you need to beat
is a bit lower. And obviously the tax changes that
were brought in by this government as well are obviously helpful.
Speaker 2 (29:20):
So of course we all look to the RBNZ and
the Reserve Bank and try to figure out what they're
going to do next. Will they be hearing you today
looking at these numbers and thinking they've done enough or
do you think we're still on track for another cut
this month?
Speaker 7 (29:34):
Well?
Speaker 14 (29:34):
I think we're still on track for another cut this month.
I mean, most of the data, as I've said, has
been a little bit subpar.
Speaker 6 (29:40):
Actually, I think.
Speaker 14 (29:41):
They might have been a little bit worried about that.
But yesterday, for example, we did get a really good
month of building consens number and it sort of went
up to seven point two percent for the month. That
was the first the third big month in a row,
So that will be relieving them. I think that the
things are starting to pen out. Is expected that interest
(30:01):
rates have gone down a long way, and that's the
leading edge of the recovery, but there's still quite a
long way to go here, and it is just one
set of indicators as well.
Speaker 2 (30:11):
So you had a good profit yesterday, up sixteen percent,
a net profit of one one hundred and ninety seven
million dollars. Actually it is up thirteen percent. So how
much can we thank this increase in lending for your
success over the course of this year.
Speaker 14 (30:26):
Well, I mean the lending growth has actually still been
a bit subpar. I mean that it is actually starting
to improve. So I mean, if we look at business lending,
for example, it's finally poked up to around looking at
my number here, three point seven percent, So that's sort
of the highest level since about twenty twenty three. I mean,
I think we're looking forward to a better operating environment
(30:47):
for the whole economy in the next year.
Speaker 2 (30:50):
All right, So are we beyond green shoots? And do
we are we actually starting to poke out of the
ground for a metaphor or an allegory that you know
that's fit.
Speaker 14 (31:01):
Oh, I think we're actually just seeing the odd green
shoot poking out at the moment. We need to put
a water on it, basically in a bit of time
so that you can actually see something a bit more
than that.
Speaker 2 (31:13):
Well, Kelly Echold, I thank you so much for your
time today. Kelly Echold is the senior economist from a
chief economist from a Westpac who did that profit And again,
I'm going to say one one hundred and ninety seven
million dollars up thirteen net operating income three thousand and
eighty nine million dollars up eight percent. And again I'm
saying three thousand million instead of three billions. So you
(31:33):
just figure out how much money we're talking about here.
And here's to Robin who sent me a text Andrew,
if you stack one hundred dollar bills a meter high,
that's exactly one million dollars. But you need to stack
them one killer meter high to get to a billion.
That's how much a billion is. And I would say that, yeah,
that might actually make it real for people who just
(31:55):
so casually save three billion, four billion, five billion, Come on,
thousands of millions.
Speaker 1 (32:00):
The news you need this morning and the in depth
analysis earlier this year with him Andrew Dickens and are
the Supercenter explore our these accessories and servicing fall in
one news talks.
Speaker 14 (32:11):
That'd be Now.
Speaker 2 (32:13):
I don't know much about racing, but i'm the fact
that only one out of the twenty four horses in
the Melbourne Cup are bred in Australia. Texas says Australia
breds top horses, but they specialize in sprinters because most
of the races in OZ are sprints and in general
it's a better economic investment. So the stayers are coming
from the northern Hemisphere and to from New Zealand, and
Mike Hosking joins me this morning. Good morning, Mike, greetings
(32:35):
to you. No Lean interview was well, I think everybody's
saying it made things worse.
Speaker 8 (32:40):
Yes, it did, unfortunately, and so but you know, what
do you do? What can you do?
Speaker 2 (32:47):
Have a backburn and do something.
Speaker 8 (32:48):
Well, yeah, you could, I suppose if I had my way. Now,
I'd like to hear from Matt Winner I or Jenny
Wiley who runs I talk to Matt last Friday. Yeah,
and what do you say?
Speaker 2 (32:58):
Nothing?
Speaker 6 (32:59):
No?
Speaker 8 (32:59):
So what you what you'd like to I'm told behind
the scenes it's a thing that I won't elaborate on,
but the moment you open it up, it's Pandora's box
and once you are into it, it's a catastrophic shambles.
And it's one of those semi it's one of those
semi intangible things that's a beautiful.
Speaker 2 (33:17):
Now look look just either father Dame, fire the players
or fire the management. Just do something.
Speaker 8 (33:22):
Shouldn't have shouldn't have ever got to that part, have
started saying the complaints are they go, well, that's that
they're not happy. Then they're no longer in the silver pins.
The ends, simple as that. Hayleam Lawson this morning, I
haven't I don't think he's done an interview with anyone
here this year at all. Great, so we'll talk to him.
He's currently in Arizona playing golf ahead of this weekend's
(33:43):
Brazilian Grand Pro.
Speaker 2 (33:44):
Have he's hanging out with people from forward. They like him,
they do like him.
Speaker 8 (33:47):
Hopefully they'll like him next year.
Speaker 2 (33:49):
Yes, exactly, so we'll ask him about that. Well that,
of course, very good stuff. Okay, The make Casting Breakfast
is next.
Speaker 1 (33:56):
For more from Early Edition with Ryan Bridge, listen live
to new Talks. It'd be from five am weekdays, or
follow the podcast on iHeartRadio
The issues, the interviews and the insight. Andrew Dickens on
early leadership with our the Supercenter, explore our the successories
and servicing all than one news talks that'd be.
Speaker 2 (00:12):
Wellcome onning to you and thank you so much for
choosing the program coming up at the next hour and
this age of data? Why is it that the Ministry
of Health has no idea of what is happening in
GP practices. We'll have that story for you in five
We're running out of space to bury the dead and
counselors are sitting on their hands. That story in ten.
Why is the Malori party imploding that? In fifteen and
(00:35):
it's Melbourne Cup Day, we're going to take you to
Melbourn with Donnod Demeyo and lending for house buying is
suddenly up big time? What does it all mean? West
Pax Senior Economists. Is just before six. We'll have correspondence
from right around the world and right around New Zealand
and news as it breaks, and you can have your
say by giving us a text. The number is ninety
two ninety two and a small charge applies. It is
(00:55):
seven after five. The agenda tay the fourth of November
a thirty two year old man's fronted court in the UK,
charge with eleven counts of attempted murder, ten from a
train stebbing in Cambridge, this Shire, and another from an
attack in London. Just hours earlier.
Speaker 3 (01:13):
Anthony Williams, who thirty two, appeared in the dock wearing
a gray tracksuit, which is the kind of thing that's
issued to people in police stations when their clothes have
been taken away for forensic testing. He was charged with
ten counts of attempted murder on the train at Huntington station.
He was also charged with possession of a knife on
(01:34):
that train at Huntington stationer and also charged with assaulting
a police officer at Parkside.
Speaker 2 (01:40):
Okay, now to the United States where the government shutdown
is in Today thirty four Tramps appeared on CBS News
and he's called the Democrats lunatics. Sounds like it's not
going to get solved, the shutdown. It's going to get
shove you. Oh, it's going to get so how we'll
get a job. Eventually they're going to have to vote.
You're saying the Democrats will capitulate. I think they have to. Okay. Meanwhile,
(02:01):
our judge has extended the block of Trump's plans to
send the National Guarden to Portland, and Bernie Sanders has
been interviewed by The New York Times and he says, basically,
there's no Democrat party left and to the sole survivor
of the Air India crash which killed two hundred and
forty one people on board. He's now done an interview
with the BBC. He says he feels like the luckiest
man alive.
Speaker 4 (02:21):
It isn't Medikalini. Still, I'm not billion. I'm only once.
Speaker 1 (02:25):
Soever, when did you realize when you were on that
flight that something was wrong?
Speaker 4 (02:31):
It is very painful for me to explain that happened. Still,
I lost everything to my brother. For me, I've lost
my brother.
Speaker 2 (02:41):
And he's also suffering physically and mentally. And his advisors
want more support from Air India.
Speaker 5 (02:47):
Three times we have an issued in invitation to them
to come and sit with us and collaboratively and work
together to try and help viswash Kumar and his family
through this ordeal. Three times maybe either ignored us or
turned us down. It is not acceptable.
Speaker 2 (03:04):
It's nine out to five.
Speaker 1 (03:06):
The first word on the News of the Day early
edition with Andrew Dickins and r V Supercenter explore r
VS accessories and servicing all in one used talks.
Speaker 2 (03:16):
Be well, good morning to the early morning community. There's
a big old yellow moon this morning. Did you see it?
It's not a full moon, it's a waxing gibbis. It's
a full moon on Thursday, and based on what I
saw today, it's going to be a big, fat old
moon on Thursday. So there's a treat for us early rises. Now,
speaking of early rises, a shout out to the roading team.
It's currently working on Esmond Road, which is a major
(03:38):
feeder to the Auckland Northern Motorway. So what they're doing
is resurfacing one entire side of the road. There's a
small army there working against the clock. They've got to
get the road ready for the morning rush hour. It's
a very impressive feat of logistics and planning to get
all the kits and the men there and get them working.
And they've got a time they've got a time constraint
on it, and I wish them all the best and
(03:59):
pray that they are finish just in time for the
rush hour. And while I'm here, i'd also like to
make a shout out to the milkman I meet every
morning at three forty five in the morning. He's been
telling me tales of all the new buildings in the
city and just how plush and well designed they are,
and he's particularly impressed with the brand new One New
Zealand building, which he says is something quite something to
walk through, because while there may be hard times, people
(04:21):
are still making money. Things are still ticking over, especially
if you run a phone company or a bank, and
that's something we're going to talk about later. In the
wake of this fulsome result from Westpac where we saw
yesterday big numbers net profit of one one hundred and
ninety seven million, that's up thirteen percent, net operating income
of three thousand and eighty nine million, up eight percent,
(04:44):
and they're spending a little bit more too. They're employing people.
Operating expenses of one thousand, four hundred and seventy one million,
and that is up seven percent. So you know, that
says things are still moving in this country. And we'll
talk to the senior Westpac economist a bit later on
to figure out whether this is a sign that the
green shoots are actually starting to become real growth and
when do we get the Flowers News Talk ZIB twelve
(05:08):
after five. Now, can you believe that the Ministry of
Health has no idea what's happening in GP practices? There
is no data sharing between the GPS and the Ministry
of Health. And because we know that primary care is
the big thing, that's where you find out the very
first stages of whether we've got some bills and some
costs and some things to go through. So shouldn't something
(05:30):
happen about that. We're going to talk to doctor Angus
Chambers next from the chair of the GP Practice Owners
Association and ask them why aren't they sharing the information?
It is twelve after five.
Speaker 1 (05:45):
On your radio and online on iHeartRadio Early edition with
Andrew Dickens and are the Supercenter explore r V successories
and servicing more than one News talk said b.
Speaker 2 (05:57):
It's fourteen after five. Bob Reckins at Flower ten years away.
Because the damage to this economy has been so huge
over the past. He reckons we need to be patient,
and he reckons we need to support this government for
a long time right. A new New Zealand Initiative report
is calling on the government to tap into GP data.
It argues that ministers can track hospital visits, they can
(06:19):
track prescriptions and even school attendance, but they can't see
what's happening in GP clinics where most of the healthcare occurs,
and direct info from doctors they reckon could help improve
health outcomes and trim the health budget while they're rapit
at it. So we've got doctor Angus Chambers with us.
He is a chair of the General Practice Owners Association. Angus,
good morning to you.
Speaker 6 (06:39):
Good morning.
Speaker 2 (06:39):
So this report is called better Health through Better Data
by a doctor Prabani Wood. Is this a good idea
from doctor Wood that we share the data from GPS
to the ministry?
Speaker 6 (06:52):
Yes, so I think it is. It depends on how
it's done. That the spinner acknowledgedes a gap for quite
a long time in our system, and I think I
agree with her findings that of it.
Speaker 2 (07:03):
Yeah, her report talks about Canada. They do it in Canada. Canada.
Why do we not and why have we not collected
data yet? You know what has been stopping us?
Speaker 6 (07:12):
Well, it's partly will you know, it has been collected
in sort of piecemeal manners and you know, with some
actually good results out of it. And it's been done
by GP organizations phos gps themselves, but not systematically, and
it really requires an investment to do it in a
systematic way.
Speaker 2 (07:33):
You've read the report. Do you like her idea about
how it should be managed?
Speaker 5 (07:38):
Yeah?
Speaker 6 (07:38):
I do. I mean, I think the absolute key here
is how patients feel about having their data in there,
and to be I don't think they trust the government
that well, although some sometimes they expect half of it
there anyway, So a lot of arrangements around it that
need to be done carefully, around governance and who've assed decisions,
(07:59):
and it's very clear from her report that she believes
and I think it's the Canada experience that you need
the clinicians, the general practitioners and their spectationers have a
governance over the data and so I think that that
would give a lot of trust around the privacy issues
and the good use of it. Yeah.
Speaker 2 (08:17):
But I mean you can share the data without actually
sharing the name and the address, etc. And I know
it's deeply ingrained about you know that then information you
give to your GP should go no further. But at
the same time that just you know, puts a handbrake
on the health system.
Speaker 6 (08:35):
Yep, no, that's right. There are ways to manage that,
so I don't disagree. I think it can be done
in a good way, but it depends on how it's done.
Who's in charge of it? All right?
Speaker 2 (08:44):
Anger, thank you so much. Angus has there, and of
course Provadi Wood has said it. I wonder if the
government is listening to it. It is seventeen minutes after
five now. Apparently we're running out of places to put
our dead people. The cemeteries are full, and the question
is what are we going to do next? And are
we making plans? Well, I've got that answer for you next.
Here are news talks.
Speaker 1 (09:03):
HEREB News and views you trust to start your day.
It's early edition with Andrew Dickins and are the super
Center explore r VS accessories and servicing Fall than one
News talks at B it is.
Speaker 2 (09:16):
Twenty out to five. Here's a story we should have
done on Friday when it was Halloween. Apparently we're running
out of room to bury the dead. The New Zealand
Cemeteries and Crematoria Collective says Auckland and other regions are
nearly a capacity, urging councilors to snap up land and
they plan strategically for local symmetry spaces. So Daniel Crisp
(09:37):
is the chair of the New Zealand Cemeteries and Crematoria
Collective and joins me. Now, good morning to.
Speaker 7 (09:41):
Here, Daniel, Good morning Andrew.
Speaker 6 (09:43):
How are you.
Speaker 2 (09:44):
I'm good. Just how close are we to being full?
Speaker 7 (09:48):
Well, like to say, there are a few regions which
are nearly there unfortunately, so maybe five years or less
or less left of space, So you know that's not ideal.
You know, we're trying to councils to plan proactively. When
they've got about ten years left, they should be starting
to consider it because it takes quite a while to
acquire land.
Speaker 2 (10:07):
Yeah, how did they do it? How do you make
a symmetry?
Speaker 7 (10:11):
Yes, that's the Public Works Act, which we know is
getting a few tweaks at the moment, so hopefully that
might help a little bit as well. But yeah, it's
a Public Works Act. Under the Burial Cremation Act, all
councils are required to provide burial space, so there's a
couple of legislative ways to do it. And then yeah,
it's got to go through that process which can take
several years.
Speaker 2 (10:31):
And New Zealand is still preferring to be buried rather
than cremated.
Speaker 7 (10:38):
Various from city to city based on demographics, generally speaking,
New Zealanders around to seventy five percent cremation now, but
there are still a lot of communities and cultures which
still prefer burial, which is fine. You know, I don't
think we're ever going to get to the point where
we're going to to the outlawing burial. That would just
(10:58):
be ridiculous. So we need to provide these options. So
councils need to think strategically and proactively about this thing.
Speaker 2 (11:04):
All right, And this is a bit dark as well.
If you've ever been to Paris, of course, you go
to the catacombs and that's quite remarkable, and that is
basically everybody from a cemetery who were then stored in
a mine, so they have more room for the city
and for more cemetery, aim for more people. So will
we ever get to that state where we might actually
disinter people and put them elsewhere to make more space.
Speaker 7 (11:26):
Yeah, Look, there's a lot of other countries do that,
and so it's it's a thing called limited tenure plots.
It is something we're trying to start the conversation on
it's very foreign to the islanders. We're pretty used to
having our plot forever. But clearly that's not going to
be an option forever to just keep something plots forever.
(11:48):
We need to look at these other options as well.
Speaker 2 (11:50):
So yeah, exactly your call is we need more semetriies
and we should have started thinking about it five years ago. Yeah.
Speaker 7 (11:56):
Look, a lot of the councils that are in this
predicament right now their fault. It's the fault of senior
management or chief executives or councils five to teen years ago,
and now they're stuck with the really crappy situation of
running out of space. So I do feel for them.
It is a complex thing to try and find land.
But yet we're urging councils to put now so in
(12:18):
another five or ten years time they're not in a
similar situation.
Speaker 2 (12:21):
Hey, Daniel, thank you so much for your time. That's
Daniel Crisp, who is the chair of the New Zealand
Cemeteries and Crematoria Collective. Now here's a fun fact I
found researching for this. Apparently, in the last fifty thousand years,
it's been estimated that one hundred and one billion people
have lived and died on this planet, including the seven
billion alive today. So that's a lot of people needing
a lot of space once they're gone. Meanwhile, also, our
(12:44):
local Catholic church is actually building a thing called a columbarium.
It's a niche wall. Now. Columbarium is an architectural structure
off in a wall within a cemetery or church grounds
that has small compartments niches designed to hold a containing
cremated remains. And that is an answer to you know,
sprawling cemeteries. Meanwhile, Taylor sent me a text already and
(13:07):
says it's time for high rises for the dead. Charming
five twenty four, the early.
Speaker 1 (13:13):
Edition full show podcast on iHeartRadio Power by News talks
at me.
Speaker 2 (13:19):
Sure b. It is five twenty one, and it breaks
my heart to see Maori representation in our parliament devolve
into the mess it has today. To party Maori is
obviously having a conniption with members at each other's throats
when they should be battling to make sure to al
Maori is getting through these hard times and staying healthy.
But no, no, even the President, who should be the
(13:41):
quiet force behind the scenes, is blasting party members in
a social media kangaroo court. John Tamahiri seems to have
no concept of the irony when he criticizes rogue members
in the media and then he accuses that same media
of being a white feeding frenzy, which is ripping the
party apart. Hello, that was a casually facious slur. Wasn't
(14:01):
a white feeding frenzy? And John, if you don't want
a feeding frenzy, then don't feed the sharks. It seems
that it's in this party's DNA from top to bottom
to course scenes and get photos and get headlines, and
not to do the work to benefit the constituents, and
has rent on Facebook about the Kupakinis. Tamaheri accused the
mother and son of entitlement, avarice and greed, which is
(14:24):
rich because the whole party rigs of ego and entitlement
and John has always been as zen master of it
and it's only been stoked along by the Time magazine
naming that young member is one of the one hundred
Emerging leaders in the world. Google Hanarrafiti mip Clark and
you'll find her influence rests solely on being the youngest
MP in one hundred and seventy years being Mari and
(14:45):
ripping some paper and performing a harker in the house.
She also apparently wrote a book about the moon when
she was seventeen, but that is about it. Does that
put her in the top one hundred. There are no
concrete achievements, just one stunt and of course her youth.
The Maori Party seem to think they're special just because
they exist, and that is entitlement writ large. The Maori
(15:08):
constituents deserve more from the people they gave the mandate to.
It doesn't need to be this way. The Maori Party
of Peter Sharples and Tarianatulia was not this way. This
current breed. The money and the fame and the cameras
seem to have gone to all the heads in the party,
from the top to the bottom, from John all the
(15:28):
way down. And it's time for that party to actually
do some mahi. Or perhaps they should just register as
a kapahaka group and no more news talk said be
now the high rises for the dead that Taylor mentioned,
He's come back to me with a text saying, I
mean do it tastefully and yes, of course, the same
(15:49):
problem with running out of a cemetery room is happening
in Britain and now they are building high rise apartments
for cemeteries, for burial plots, and we're talking seven store
and you can go up stairs and lifts pass every
niche all the way through. Because you know that's called well,
it's called pragmatism, isn't it. Meanwhile, on the GPS, good morning,
(16:11):
says Wendy a New Zealand Health. We're working on linking
up with Management Health and GPS, but it was one
of the programs that was cut with the costs to
the IT and back office. There is another forty seven
million to be cut again next year to Health New
Zealand that is not being reported. That will wipe out
any initiative like this, like getting the GPS to share
or any automation improvements. So there's a warning for you.
(16:35):
Did you listen to Mike's interview with Earlene TOLDU yesterday?
I did, we all did, and we all had the
same questions. And I'll talk about that in a few
moments time. And the Melbourne Cup is on the way.
Did you know there's a bloke who put a bet
down in January and Auckland for seven dollars based on
twelve winners over the year. He got nine in the
first couple of days. But he's now sweating today on
(16:57):
one result, and that is one horse winning. We're at
least getting in the top three. And that horse is
named Here Be Come, Here, Become. That horse is called Bukaroo.
If Bukaroo comes first, this fellow who did a seven
dollar bet in January will earn himself seven hundred and
thirty thousand dollars. Okay, Melvin Cup with Dono Tobao ten
(17:20):
minutes away, used talks at.
Speaker 1 (17:21):
B Andrew Dickens on early edition with r V Supercenter
explore r v's accessories and surfacing all than one.
Speaker 2 (17:40):
Used talks at.
Speaker 8 (17:41):
Being take him for Favoustone.
Speaker 6 (17:53):
You wanted to.
Speaker 2 (17:55):
We here earlier. Just Kenzie and I Love of the
via Deans and that's her latest single, bub Baby Steps.
She's coming to New Zealand next year now. Mark sent
me a text on ninety two ninety two saying a
lot of stuff, but at the end he says, hey, Andrew,
one thousand, one hundred million is actually one point one
billion for Westpax profit. Come on, you can you can
(18:15):
do that. You could have said that instead, and I said, well,
I want to say to you Mark, I purposely said
one thousand, one hundred and ninety seven thousand million was
the profit for Westpac for the simple reason that I
think people don't even comprehend a billion anymore. You say
a billion, they go, oh yeah, how much is that
going to cost? Five billion?
Speaker 6 (18:32):
Sure?
Speaker 2 (18:32):
Okay, Oh no, sorry, it's going to go to six billion.
Oh okay, No, a billion is one thousand million, and
that is a lot of zeros. Now everyone is talking
about Nolan Turtus media blitz yesterday and they're all saying
the same thing. Nothing is any clearer than it was before.
Dame Nolean doesn't really know what Netball New Zealand's beef
(18:53):
with her is. Nobody knows what the player's beef with
no Leans, and Netball New Zealand doesn't know what to
do about the whole thing. And we're all left with
deep concerns that nobody knows what they're doing in one
of our biggest professional sports. This is gold medal winning
dithering and we're all tired of it. Just fire someone
and get on with it. Fire the Dane, if you've
(19:14):
got the guts, Fire the players. If you've got the
guts or fire the management, one has to go. It
will hurt, it may cost, but this extended period of
dilly delling is just hurting the sport more. There's a
Commonwealth Games to be won, and even more importantly, there's
a need to get the sport on a stable financial
footing because the money ain't flown in. But the way
they're procrastinating on this issue is preventing the work that
(19:36):
needs to happen on the really big staff. It's twenty
one to six. It's time to go right around the nation.
News Talk said, be all right, Jamie Cunningham from Otago,
good morning to you.
Speaker 9 (19:52):
Good morning.
Speaker 2 (19:53):
Santana Minerals has lodged a fast track application to look
for gold in central Otago.
Speaker 9 (20:00):
That's right. The companies uploaded more than nine thousand pages,
one hundred and thirty five reports and paid the three
hundred and ninety thousand dollars application fee for New Zealand's
biggest new gold project in forty years. CEO Damien Springs
says this kick starts it's five point eight billion dollar
Bendigo o Fair gold project, calling it a milestone for
(20:20):
the company and the region. He says it reflects years
of serious technical work by a Kiwi led team to
secure land, complete the science and consult locally on a
credible long term plan.
Speaker 2 (20:32):
All right, yes, s and Sam Neil, the famous actor
and winemaker from central Otago, launched a media blitz against this,
saying this is going to wreck the Bendigo area. So
there we go. How's Otago's weather.
Speaker 9 (20:43):
Cloud increasing today with a chance of shower from midday.
Westerly is turning southerly and a high of twenty.
Speaker 2 (20:49):
To chrastiuch, should we go? Clear? Shure, We're good morning
to you. Good morning, So we're off to Chrashjuwish Women's
Hospital prisonry crash Uched Women's Prison. There's a bit of
pressure on to introduce a program to help mum.
Speaker 10 (21:00):
Yeah, this is the Mother's Project and they already do
this in Auckland Prison Andrew. But this is a storybook
initiative so effectively it enables women who are in prison
to record bedtime stories for their children. On the art side,
the founder of Mother's Project, Stacy Shortle, says, there's no
question connection between mums and kids across the prison wires
(21:21):
have been proven to help both of their well being.
She says it's a practical way for kids to know
that present isn't a barrier to hearing their mum's voice
and is proven to help reduce some other's likelihood of reoffending.
Short All wants it at christ Church Women's Prison. She
says it would remind children that even if mum is
not physically there, she's there by voice.
Speaker 2 (21:42):
And how's the weather for Canterbury?
Speaker 10 (21:44):
Nice?
Speaker 11 (21:45):
Today?
Speaker 10 (21:45):
Should be fine, easterly's developing this morning and twenty five
degrees ooh beautiful.
Speaker 2 (21:49):
Thank you. Max Toll from Wellington, good morning to you morning.
Council's got a spiffy new headquarters and now we know
how much it costs.
Speaker 12 (21:57):
Yeah, this one's not earth shattering, but more point of
journalistic principle. Really shows how difficult the city Council can be.
They've been refusing for some time now to tell us
how much they're spending to rent and to fit out.
Speaker 2 (22:09):
These new headquarters.
Speaker 12 (22:11):
It's a twenty five year lease with the former Data
comm building, so it's not a new building, a very
noticeable one. Data Com overlooking frank Kitts Park, two ten
or so level conjoined towers. We complain to the ombusman.
Why the secrecy? The ombusman wrote to the council's CEO.
Of course sided with us and they do now have
to tell us what that spend is. It's rate payer money,
(22:32):
the transparency thing. Two hundred and seven million dollars for
the lease and then more on top of that for
the fit out. Twelve hundred staff will be based there.
There's the mayoral office, the council chambers. The move from
they're currently up at the Terrace was supposed to happen
earlier this year, but it's been delayed by about a
year to early twenty twenty six now because I think
that fit out and getting everything right has been a
(22:54):
little more complicated than expected.
Speaker 2 (22:56):
Well, goodwek from the Wellington News team for keeping the
Willington Council on the turn and keeping the rate players informed.
How's your weather fine?
Speaker 12 (23:04):
Today's stronger northerly is just sixteen the high in the city.
Speaker 2 (23:07):
All right to or can we go? Never let a
man a good morning to good morning here? So I
talked about this yesterday actually a watercare spill into the
Marhalan River which affected the oyster farmers up at Marholrang
and they have to close down for twenty eight days
because of this spill. So what's next to.
Speaker 11 (23:22):
Yes, correct, well, now we know that water Care is
offering financial support to these affected Auckland oyster farmers, so
you're quite right. The farms have got to remain closed
until later this month. Water Care says, now this overflow
was caused by a technical failure following a power sage
at the Warkworth pump station. So now water Care is
in discussions with Aquaculture New Zealand. They represent the affected
(23:44):
farmers and this is all to do with the financial support,
which is good because they do need it. Watercre says,
what they've been testing and the pond water now is
within safe levels and that's good. And they've got two
investigations into this incident.
Speaker 2 (23:56):
There one bloke's got to throw away eighty thousand oysters
flipping here that just because of the section. So it's
going to cost. But yeah, as I said yesterday, this
is not just one spill. No, they've had thirty nine
spills all controlled over the last year and they've got
consent to do two hundred and there's a bit of
a move saying that water Care should do a whole
(24:17):
heit more than worrying about one storm year.
Speaker 11 (24:19):
So spirit of thought for those farmers. Yeah, not good.
Speaker 2 (24:21):
How's Hawkin's weather?
Speaker 1 (24:22):
Okay?
Speaker 13 (24:23):
Fine?
Speaker 11 (24:23):
Apart from some morning cloud another hot day twenty two
the high here in all clouds.
Speaker 2 (24:28):
And I thank you neither. Okay. It's seventeen minutes to six.
It's this what is it? The first Tuesday of November,
and that's always the race that stopped two nations Flemington
the Melbourne Cup. Are conditions hard and fast? No, they
had not. Donald Demayer with details next here on news talks.
Speaker 1 (24:44):
Hereb International correspondence with ends and eye insurance, peace of
mind for New Zealand business.
Speaker 2 (24:51):
Fourteen minutes to six to Australia. We go, more specifically
to Melbourne we go. Donald Tomorrow, Good morning to you.
Speaker 13 (24:58):
Good morning.
Speaker 2 (24:59):
It's Cup day and you're up early because you're going.
Speaker 13 (25:03):
I am going and I will be getting ready very
very shortly.
Speaker 2 (25:07):
But first I'm going to tell you that.
Speaker 13 (25:08):
We are very very excited about the one hundred and
sixty fifth running of the Melbourne Cup. The Cultural Institution,
twenty four horses vying for victory, and again we know
that I'm personally backing Jamie Melham, who is the female jockey,
the jockey that won the core Field Cup last month,
and she says that she did a little rain dance
(25:31):
and it's kind of worked. So we're talking about the
weather a lot in the lead up to the race
because it does look like it's going to be raining
all day and it might even still be raining during
the race. There was a dumping, a drenching yesterday and yeah,
the rain has not gone away. But to her horse
loves the rain apparently, so it's all good. But interestingly
(25:53):
on a New Zealand horse, I might add smoke in romans.
Jamie Mallam's husband is also run the Melbourne Cup. Ben
Meloam is also a jockey, so they're up against each other,
so they might be making history in another way as well.
So let's see who wins out of those two. What
else can I tell you? The National anthem will be
sung by none other than Greta Bradman. Yes, the grandchild
(26:17):
of Sir Donald Bradman. Isn't that lovely?
Speaker 2 (26:19):
And I've met Greta. She had an album yea, yeah,
she had a now Ma out about six or seven
years ago. She came here and she's interviewed on my
Sunday News sorts in b show. She's a great singer,
she's a great, great person. Fantastic this rain.
Speaker 6 (26:31):
How wonderful.
Speaker 2 (26:32):
This rain is going to flatten all the fascinators.
Speaker 13 (26:36):
Yes, but pillboxes are in this year, so we're okay,
We're okay this year okay.
Speaker 2 (26:42):
And what are you going to wear?
Speaker 13 (26:45):
Well, I'm actually really into vintage wear, so I've actually
gone and bought myself a beautiful slick black suit and
a lovely milliner Melbourne milliner called Renee Anderson made me
this gorgeous thing to put in my head with the
handcut red leather flowers. So I'm very much looking for
to getting all dot up and heading to the track
for very shortly.
Speaker 2 (27:06):
And don't forget to your umbrella. And I thank you
Donald tomorow And just a few things about this. On
the racing side, there are no New Zealand trained runners
this year, but there are two New Zealand breads, so
we've bred them, but Ozzie's owned them. The two horses
that are Kiwi's torron Zeno and of course Smoking Romans
that we've been talking about before. In fact, because there's
what Ozzie ten million dollars. That's what eleven point four
(27:27):
million New Zealand in the stake. Twenty one of the
twenty four horses in today's race are actually bred in
the Northern Hemisphere and two are bred in New Zealand
and only one bread in Australia. There are eight Irish Breads,
seven French Bread, three of British Bread, two for the US,
one from the Japan. These horses are mostly Australian owned.
(27:47):
They have raced in Australia for a while. But there
we go. Australia is not making good horses. Is eleven
to six News Talk SIVY. All right, finally some good
economic news. More people are getting mortgages. Centric data out
today shows new residential mortgage lending is up over twenty
percent year on year for the second month in a row.
(28:08):
So to discuss this, I'm joined by Westpac's chief economists
Kelly Echold. So Hello, Kelly, good morning. Does this mean
the economy is back on track or what?
Speaker 14 (28:18):
Well? I think it's sitting in the right direction. It's
still pretty early days yet, and many of the indicators
for growth for where we are now are still a
bit subpar, but certainly those lower interest rates are starting
to flow through.
Speaker 2 (28:31):
How much of this new lending is from first home buyers.
Speaker 14 (28:35):
There is some of it, although I would have to
say that when we look at the credit statistics, we
actually see the investors are the strongest part of the
market so far, but some of the early indications we've
seen in the last few months suggest that the more
kind of like low income marginal buyer is more important.
So that's the first time buias there.
Speaker 2 (28:56):
So the investors are that because the tax thing that
happened after the last selection and finding the interest rates
of form.
Speaker 14 (29:03):
Yeah, well, I think particularly it's the lower interest rates
that are important for the investors. It just means that
that hurd or rate of return you need to beat
is a bit lower. And obviously the tax changes that
were brought in by this government as well are obviously helpful.
Speaker 2 (29:20):
So of course we all look to the RBNZ and
the Reserve Bank and try to figure out what they're
going to do next. Will they be hearing you today
looking at these numbers and thinking they've done enough or
do you think we're still on track for another cut
this month?
Speaker 7 (29:34):
Well?
Speaker 14 (29:34):
I think we're still on track for another cut this month.
I mean, most of the data, as I've said, has
been a little bit subpar.
Speaker 6 (29:40):
Actually, I think.
Speaker 14 (29:41):
They might have been a little bit worried about that.
But yesterday, for example, we did get a really good
month of building consens number and it sort of went
up to seven point two percent for the month. That
was the first the third big month in a row,
So that will be relieving them. I think that the
things are starting to pen out. Is expected that interest
(30:01):
rates have gone down a long way, and that's the
leading edge of the recovery, but there's still quite a
long way to go here, and it is just one
set of indicators as well.
Speaker 2 (30:11):
So you had a good profit yesterday, up sixteen percent,
a net profit of one one hundred and ninety seven
million dollars. Actually it is up thirteen percent. So how
much can we thank this increase in lending for your
success over the course of this year.
Speaker 14 (30:26):
Well, I mean the lending growth has actually still been
a bit subpar. I mean that it is actually starting
to improve. So I mean, if we look at business lending,
for example, it's finally poked up to around looking at
my number here, three point seven percent, So that's sort
of the highest level since about twenty twenty three. I mean,
I think we're looking forward to a better operating environment
(30:47):
for the whole economy in the next year.
Speaker 2 (30:50):
All right, So are we beyond green shoots? And do
we are we actually starting to poke out of the
ground for a metaphor or an allegory that you know
that's fit.
Speaker 14 (31:01):
Oh, I think we're actually just seeing the odd green
shoot poking out at the moment. We need to put
a water on it, basically in a bit of time
so that you can actually see something a bit more
than that.
Speaker 2 (31:13):
Well, Kelly Echold, I thank you so much for your
time today. Kelly Echold is the senior economist from a
chief economist from a Westpac who did that profit And again,
I'm going to say one one hundred and ninety seven
million dollars up thirteen net operating income three thousand and
eighty nine million dollars up eight percent. And again I'm
saying three thousand million instead of three billions. So you
(31:33):
just figure out how much money we're talking about here.
And here's to Robin who sent me a text Andrew,
if you stack one hundred dollar bills a meter high,
that's exactly one million dollars. But you need to stack
them one killer meter high to get to a billion.
That's how much a billion is. And I would say that, yeah,
that might actually make it real for people who just
(31:55):
so casually save three billion, four billion, five billion, Come on,
thousands of millions.
Speaker 1 (32:00):
The news you need this morning and the in depth
analysis earlier this year with him Andrew Dickens and are
the Supercenter explore our these accessories and servicing fall in
one news talks.
Speaker 14 (32:11):
That'd be Now.
Speaker 2 (32:13):
I don't know much about racing, but i'm the fact
that only one out of the twenty four horses in
the Melbourne Cup are bred in Australia. Texas says Australia
breds top horses, but they specialize in sprinters because most
of the races in OZ are sprints and in general
it's a better economic investment. So the stayers are coming
from the northern Hemisphere and to from New Zealand, and
Mike Hosking joins me this morning. Good morning, Mike, greetings
(32:35):
to you. No Lean interview was well, I think everybody's
saying it made things worse.
Speaker 8 (32:40):
Yes, it did, unfortunately, and so but you know, what
do you do? What can you do?
Speaker 2 (32:47):
Have a backburn and do something.
Speaker 8 (32:48):
Well, yeah, you could, I suppose if I had my way. Now,
I'd like to hear from Matt Winner I or Jenny
Wiley who runs I talk to Matt last Friday. Yeah,
and what do you say?
Speaker 2 (32:58):
Nothing?
Speaker 6 (32:59):
No?
Speaker 8 (32:59):
So what you what you'd like to I'm told behind
the scenes it's a thing that I won't elaborate on,
but the moment you open it up, it's Pandora's box
and once you are into it, it's a catastrophic shambles.
And it's one of those semi it's one of those
semi intangible things that's a beautiful.
Speaker 2 (33:17):
Now look look just either father Dame, fire the players
or fire the management. Just do something.
Speaker 8 (33:22):
Shouldn't have shouldn't have ever got to that part, have
started saying the complaints are they go, well, that's that
they're not happy. Then they're no longer in the silver pins.
The ends, simple as that. Hayleam Lawson this morning, I
haven't I don't think he's done an interview with anyone
here this year at all. Great, so we'll talk to him.
He's currently in Arizona playing golf ahead of this weekend's
(33:43):
Brazilian Grand Pro.
Speaker 2 (33:44):
Have he's hanging out with people from forward. They like him,
they do like him.
Speaker 8 (33:47):
Hopefully they'll like him next year.
Speaker 2 (33:49):
Yes, exactly, so we'll ask him about that. Well that,
of course, very good stuff. Okay, The make Casting Breakfast
is next.
Speaker 1 (33:56):
For more from Early Edition with Ryan Bridge, listen live
to new Talks. It'd be from five am weekdays, or
follow the podcast on iHeartRadio
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