Tony Alexander joins us on the show to ask has the bottom fallen out of the property market?

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Along with Kazakhstan we are the only countries in the world to allow 100 per cent of our fossil fuel emissions to offset all our greenhouse gas by planting trees.

Some suggest that this is placing us as an outlier to the rest of the world and damaging our agricultural sector and rural communities.

Beef and Lamb chief executive Sam McIvor joined Mike Hosking.

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US earnings season is still underway, and plenty of companies are celebrating- others may have a darker outlook.

An expert from Fisher Funds explained that this earnings season has become a case of haves and have nots, with tech companies like Meta and Microsoft reporting high profits and growth.

Sam Dickie from Fisher Funds says energy stocks and oil equities are seeing earnings downgrades and falling stock prices.

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BNZ made an after-tax profit of $805 million in the last six months to the end of March.

This represents a 13.5 percent rise in profit on the same period last year when BNZ made an after-tax profit of $709m.

BNZ chief executive Dan Huggins explained that a strong banking sector was important for New Zealand’s economy.

NZ Herald business editor at large Liam Dann says the larger banks have been making record profits thanks to the Reserve Bank hiking interest rates to slow the economy.

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New Zealand introducing a capital gains tax is back in the spotlight following the release of the bombshell IRD report.

Sir Ian Taylor has voiced support for a capital gains tax and reckons other business people he knows would be happy to pay one.

He explained that a capital gains tax would help cover the significant costs New Zealand faces in terms of health, education and infrastructure.

"That's how businesses operate. We took risks, there were times where things looked really tough, but we got through those. But equally, if I come out the end of this and somebody ended up buying this- which isn't the intention- but if they did, I would fully expect that there would be a margin."

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Sharesies' new offering to their Kiwisaver scheme is designed to give members more control and choice in their investments.

The Kiwi investing platform is introducing a 'self-select’ option that allows members to self-select up to 50 per cent of their investment plan in individual exchange-traded funds and stocks.

Matt Macpherson, head of KiwiSaver at Sharesies says it's important that users get more interested in their Kiwisaver, and this offering will help them feel more connected.

"We did a lot of research and people told us that they just wanted to feel a bit more connected. And so providing people with some more control to invest in the things in, that's what people are telling us that they want." 

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The unemployment rate for March has remained steady at 3.4 percent, with 102,000 people still out of work.

Under utilisation fell to 9 percent, while participation and employment rates increased to record highs.

General Manager of Talent Solutions at Randstad Ian Scott joined Mike Hosking.

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As one of our largest trading partners, our relationship with the UK is of huge importance.

The two way goods and services trade was worth $6 billion pre-Covid - and that was before we signed the Free Trade Agreement in February of last year, which just got passed through the UK Parliament in late march this year.

New Zealand Trade Commissioner to the UK, Joseph Nelson, joined Mike Hosking.

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You'll probably know the Kiwi company, Karma Drinks.

They're an ethical drinks company which launched in New Zealand back in 2012.

They are a massive success story in Britain, which now accounts for about half their business.

And out of its 25 staff - seven are based in the UK.

UK Marketing and Sales Director at Karma Jessamy Besson-Jones joined Kate Hawkesby.

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The expected economic downturn has yet to make a dent in the labour market, with unemployment holding steady at 3.4 percent.

Other factors are at record highs, including the labour participation rate and the employment rate increased by 72 percent and 69.5 percent.

Infometrics Principal Economist Brad Olsen says this indicates the incoming recession may be different, as several businesses are still struggling to fill gaps in their workforces. 

"There's been an increase in full-timers, there's been an increase in part-timers, the unemployment rate's the same. All of that is encouraging, but also says this far into the economic cycle, after you've seen all those interest rates ratcheted up, the labour market isn't showing any signs of slowing."

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