Avsnitt
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Over in the UK, the Government could potentially nationalise British Steel as fears grow that the company's blast furnaces in Scunthorpe could run out of raw materials within days.
Chancellor Rachel Reeves has sought to reassure workers at the Lincolnshire plant that the Government is looking towards nationalisation as a potential solution.
UK correspondent Gavin Grey says the UK is set to be hit hard amid the ongoing trade war - which could ripple out to many businesses.
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The Reserve Bank is keeping a watching brief internationally as Donald Trump's new tariffs kick in.
The central bank cut the Official Cash Rate another 25 basis points, to 3.5 percent.
Banks speedily lowered their advertised rates in response.
Milford Asset Management's Remy Morgan explained what the bank will be monitoring going forward.
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Saknas det avsnitt?
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The Government has introduced legislation that could see more than 150,000 mortgage holders miss out on hundreds of millions in compensation for mistakes made by ANZ and ASB.
The Government wants to ensure lenders are not disproportionately punished if they fail to disclose all the right information about a product to their customers.
NZ Herald Wellington business editor Jenee Tibshraeny explains what this could mean for the banks - and homeowners.
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Tonight on The Huddle, Tim Wilson from Maxim Institute and Jack Tame from Saturday Mornings and Q&A joined in on a discussion about the following issues of the day - and more!
The Reserve Bank has cut the OCR, and Labour is advocating for Government to step up and do its bit by spending more. Is there really a case for this?
UOA researchers found that higher EV uptake has actually been linked to increased emissions - because we're still using energy to charge them. What do we make of this?
Benjamin Doyle has explained that they only ever referred to themselves when using the word 'bussy'. They're not going anywhere - but they've voiced disapproval with the hate and threats. Is this the end of the whole saga?
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There's been suggestions we need to move away from relying on pine trees to offset our emissions.
The Parliamentary Commissioner for the Environment recently put out a report examining forestry drivers in New Zealand - and says we need to phase out the current approach to forestry.
David Norton from Pure Advantage says we can't offset our way out of a climate emergency - and we need to work on reducing CO2.
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On the Heather du Plessis-Allan Drive Full Show Podcast for Wednesday, 9 April 2025, the Reserve Bank has dropped the OCR by 0.25%. Westpac chief economist Kelly Eckhold tells Ryan we could see interest rates come down significantly if the trade situation turns ugly.
Labour's Finance spokesperson Barbara Edmonds says the Government should be doing its job and supporting the economy better during these difficult times.
The Government has pledged to put use wool rather than synthetic fibres in new Government buildings and the industry is stoked.
Plus, Ryan comes under fire for something he said about his nana.
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So the Reserve Bank did the predictable thing today and cut 25 basis points.
Good news for mortgage holders, good news for the economy, more money in our pockets and more money to spend.
Of course it's not going to change the world, it's a quarter of as percent on the wholesale rate. And the wholesale rate is only makes up a portion of the bank's rate. And the bank's rate only matters if you haven't already fixed.
And so far, the banks haven't budged on fixed rates, only floating.
The banks' swap rates are most important here - and there's talk they could fall further too, so we could get a 4.5 percent rate this year instead of the current 4.99 on two year.
Either way, it's the general direction that we like the sound of.
Loosening, lowering, the direction of travel - to steal a term from Jacinda - is good. And our disposable income is going up. Great.
But of course, the question then becomes - will we actually spend it?
Are we now so worried about trigger-happy Trump and his tariffs that we don't get that new couch or don't upgrade the car or don't get the kids back to ballet class because the subs were too expensive?
The answer is - we don't know yet, because we haven't had any confidence surveys for the past week.
But if Trump doesn't start doing deals soon, then my bet is people will starting pulling back a bit. Maybe not all the way, but enough to slow a recovery.
Just talk to your friends and family and ask how they're feeling about things at the moment.
So there's reason to be weary - but one mustn't be ungrateful.
When inflation is beat and the Government's talking about growth and a budget surplus rather than more borrowing, you've got to take the wins when you get them. No matter how small or teenie-tiny they may be.
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Labour's finance spokesperson has accused the Government of 'sitting on its hands' amid an economically turbulent week for the world.
Barbara Edmonds has criticised Nicola Willis' response to Donald Trump's tariffs - and accused her of 'complacency' as Kiwis express concerns over their jobs and mortgages.
She says the Government needs to look inward and come up with a solution that benefits New Zealanders.
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Exporters are scrambling under the sudden imposition of Donald Trump's tariffs.
The President's signature economic policy has taken effect, with US allies and adversaries all facing tariffs.
New Zealand's been hit with the lowest rate -10 percent.
Egmont Honey founder James Annabell says the move prompted hasty discussions with US-based buyers.
He explained Costco US knew his company couldn't afford to take on the extra cost - so now it's likely US consumers will bear the brunt of it.
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There's industry celebrations over a directive to use Kiwi wool in Government buildings.
New builds worth more than $9 million and refurbishments costing over $100,000 must use wool where possible from July, meeting a Coalition deal.
In January, housing agency Kainga Ora reversed its price-based decision to not use dearer wool products
Campaign for Wool's general manager, Kara Biggs, says she's ecstatic.
"It will start to create more and more demand - so growers, manufacturers, brands, they will all reap the financial benefits from this decision today."
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There's uncertainty about what's next after today's OCR cut.
The Reserve Bank has slashed the Official Cash Rate 25 basis points to 3.5 percent, with most banks responding by cutting their advertised rates.
Economists are divided on how far rates will fall.
Westpac Chief Economist Kelly Eckhold says the global trading environment is changing by the day.
"There's no clarity, really, about the extent to which these tariffs are going to be in place, how countries are going to respond - and importantly, how this impacts on New Zealand as well."
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Green MP Benjamin Doyle has conceded it was naïve to not delete old social media posts with sexually suggestive captions, as suggested by the party.
Deputy Prime Minister Winston Peters spearheaded criticism of the private Instagram posts - escalating a barrage of extreme, violent threats against Doyle.
Doyle has returned to Parliament - after taking leave since the onslaught.
Newstalk ZB senior political correspondent Barry Soper unpacks today's statements.
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The chances of a full blown trade war between the US and China is looking more and more likely.
China will be hit with an additional 50 percent tariff from tomorrow, taking their total to 104 percent.
US correspondent Dan Mitchinson says the Nasdaq has taken another hit - and Chinese trade officials have made it clear they plan to 'fight this out'.
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The man who treated countless numbers of All Blacks and Warriors players over more than a 30 year period has died.
Dr John Mayhew has died at the age of 70, after recent heart complications.
Sportstalk host D'Arcy Waldegrave unpacks his legacy.
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Questions are being raised about whether a politician's religious beliefs are of public interest.
Christchurch-based National MP Hamish Campbell has admitted to TVNZ a connection to a religious group embroiled in alleged child abuse allegations.
The group, dubbed the Two By Twos, has no official name or buildings, is not registered as a charity, and its members meet in homes.
Religious historian Peter Lineham says he believes some claims are against preachers.
"The only aspect that is concerning for people in the group is this - that because it's so secretive, the Two By Two preachers are held in such respect that an abused person's story would probably not be believed."
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A baby girl has become the UK's first child born to a mother using a donated womb.
The BBC reports 36-year-old Grace Davidson received her sister's womb in 2023, the country's only successful transplant at the time.
UK correspondent Enda Brady says Davidson has given birth to baby Amy - named for her sister.
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New Zealand's dairy sector has voiced concerns as the world prepares to accommodate the financial impacts of Donald Trump's tariffs.
Reports show only six percent of NZ-produced dairy goes into the US - but there's still worry among experts.
The Country's Jamie Mackay explains further.
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Tonight on The Huddle, journalist Clare de Lore and Infrastructure New Zealand's Nick Leggett joined in on a discussion about the following issues of the day - and more!
Could Andrew Little be the next mayor of Wellington? What do we think he'll bring to the role?
The world is grappling with Donald Trump's tariffs - and the economic uncertainty that they bring. Do we think the Government is doing a good job at reassuring us?
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Prime Minister Anthony Albanese and Opposition leader Peter Dutton are set to face off in the first election debate of the campaign.
The debate is set to air on Sky News at 9:30pm (NZT) - and both leaders will be looking to boost up their campaigns and showcase their policies.
7 News political editor Mark Riley says opposition leaders stand to gain more from debates - and the pressure's on for Dutton.
"Campaigns are all about momentum - and if you can get what you believe is a shift in momentum from a debate and then ride it into the campaign proper, it can have a material impact."
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On the Heather du Plessis-Allan Drive Full Show Podcast for Tuesday, 8 April 2025, former Finance Minister Steven Joyce tells Ryan Bridge we're in unchartered territory when it comes to the global economy.
Minister for Children Karen Chhour explains why she's happy Oranga Tamariki is ditching a target to place kids with their wider family.
Black Caps coach Gary Stead wants to stay on as test coach, but will step down as ODI and T20 coach.
Plus, the Huddle debates whether former Labour MP Andrew Little would make a good new mayor for Wellington.
Get the Heather du Plessis-Allan Drive Full Show Podcast every weekday evening on iHeartRadio, or wherever you get your podcasts.
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- Visa fler
