Morning Edition: 09 October 2024

The Morning Edition of News Fix for 09 October 2024, straight from the Newstalk ZB newsroom - bringing you everything you need to know in news, politics, business, entertainment and sport.

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Episode Transcript

Speaker 1 (00:04):
Good morning, I'm never ready Manu, and this is your
morning news fix for Wednesday, ninth of October. In this update,
Customs and police have found New Zealand's second largest meth
amphetamine importation concealed in steel beams. Two men visiting from
Australia have been arrested while deconstructing the beams at a
rural whitecut Or property. Customs initially located the concealment of

(00:28):
five hundred and fifteen kilos of myth last month after
they were sent from the US. It's estimated the shipment
would have produced around twenty five million individual doses of
the drug. All up, five men aged between thirty one
and fifty one have been arrested. One of the men
also faces a firearms charge after a military style semi
automatic rifle was found. The captain of the Manawan Nui

(00:51):
has described its sinking as her worst imagining. Commander Yvonne
Gray has returned to New Zealand from Samar along with
the other seventy four people aboard the survey ship. It
hit a reef off or pollule, catching fire and sinking
on Sunday. Gray says her team acted exactly as needed,
with commitment, comradeship and courage. MZDF Maritime commodore Shane Ardell

(01:14):
says they keeping the crew together. They've been through a
very traumatic incident that anyone other than themselves cannot have
experienced in our navy, So we're just making sure that
they can stay together and they can deal with this
issue together. Divers say the ship's lying about thirty meters
down and found no evidence of leaking fluids. Relief maybe
on the way for borrowers. With the Reserve Bank poised
to move the official cash rate today, bank economists are

(01:37):
picking a fifty basis point cut, but say a twenty
five point drop is just as likely. The ocr was
lowered to five point two five percent in August, banks
quickly followed suit and dropping their advertised home loan rates.
Herald Business editor at largely and Dan says the big
decisions due at two PM.

Speaker 2 (01:53):
A fifty basis point cut would mean we'd see a
bigger cut to retail mortgage rates sooner, and that would
put money in the pockets of people who are fixing
their mortgages and be a boost to businesses which tend
to borrow on short term rates.

Speaker 1 (02:07):
A kainga Order board member slammed a scathing review of
the Housing Agency in her resignation letter. The report found
coyinga Order was not financially viable without significant savings. Professor
Philipper Howden Chapman, who was on the Social Housing Agency's
board for six years, resigned just nine days after a
critical review by former Prime Minister Sir Bill English was

(02:27):
made public. Her resignation letter says she does not accept
the blanket criticism of the Crown Agency and says the
report contained anecdotal evidence. Anna Coddington has taken out the
country's top songwriting award. She's won this year's Silver Scroll
alongside Nima Tehoe the Third Ruth Smith Kawetti Waitford for

(02:48):
their bilinguals song cartouad Ehe. The forty three year old
accepted the award in a ceremony at Wellington Sent James
theaterre last night. And in Sport, New Zealand's batting middle
order has melted in the death it as part of
a sixty run loss against Australia in their Women's TEA
twenty World Cup cricket match in Charter. Financial trouble looms

(03:08):
in the Western Bears bid to join leagues nrraland twenty
twenty seven is part of expansion plans. And Spanish footballer
Andreas enni Est has retired aged forty. He's struck in
the one hundred and sixteenth minute of the twenty ten
World Cup to side against the Netherlands to win the
country's maiden tournament. I'm never ready man who in thenchal
latest news fix. We'll be back with the next update

(03:29):
at midday from the newstalk ZB newsroup.