The SME Stream

The ACT Party has unveiled their party list ahead of the election - and they've placed Paul Henry in the top five and kept Seymour, McKee, and Hoggard at the top.

Paul Henry also indicated that ACT would be looking to bump the retirement age up to 67, but allow people to access their KiwiSavers from age 65.

ACT Leader David Seymour says the party would stagger retirement out - meaning people may have to work an extra few months before they reach the threshold.

"It's been our official policy for a long time, we'll confirm it when we release an alternative budget. Everybody likes talking about bottom lines, but I'll just point to how much influence ACT has been able to have without setting bottom lines." 

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Herald business commentator Fran O'Sullivan on Christchurch's tech and infrastructure boom

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Forsyth Barr's Zoe Wallis joins Herald NOW for the latest from the markets.

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I hope you'll be phoning in to tell me all about the CRL - because it's trains, planes and automobiles today with the official launch of the long awaited CRL yesterday.

This morning it was the hard launch as commuters test the reliability, convenience and time saving potential of the railway line.

Tough day to be a bus. Nobody cares, you big stinky diesel thing, even though I know a few of you have turned electric.

There the buses are heroically supporting the commuter network, around 70 million passenger trips per year. Where's the gratitude? There is none.

It's all, ooh, shiny trains. But honestly, who doesn't love a train?

And there'll be some of you thinking, oh, how very Auckland. Come on, you know and I know that when you go to New York or London or Paris or Hong Kong or Singapore, even Australia, it's so exciting to be able to jump onto a commuter line that works, that takes you where you want to go cheaply, expeditiously. It's fantastic.

We have our Oyster cards and we've worked out the lines, and we think we're so sophisticated as we jump on and off the trains.

The subways, metros or tubes might be old and dirty or smelly, but you can spot a Kiwi, because they're so excited to be on there. There's none of this block yourself off and go into your own mind if you're a resident of the aforementioned cities.

You just block yourself out and think this will be over soon, this too will end. We're bouncing around and hanging off the straps, just thrilled to bits to be there. And now we've got one of our own.

I would definitely be using a train if the new harbour crossing is built with the capacity to run trains, although I will probably be dead by the time a new harbour crossing is built. My ancestors will rejoice.

And the rejoicing yesterday, the Sky Tower was lit up with the CRL map, people of all ages set their alarms to stupid o'clock to catch the first train. People from around the country came to Auckland to ride the first train.

I'd probably draw the line at saying, 'Tunnel, tunnel, tunnel' - a group chant as you go through the first tunnel, but then I'm not a rail fan or a trainspotter or a ferroequinologist or an anorak or a gunzel or a foamer or a densha otaku, which is all names from different cultures for those who love trains.

But the fact that there are so many names in so many different languages and so many different cultures for people who love trains shows what a fan base they have.

But beyond this special group of people getting their kicks, there's hope that there will be a significant return on investment with the building of the CRL. Aucklanders lose millions of hours each year stuck in traffic and removing even a small percentage of vehicles makes travel times faster, more reliable for everyone else and that improves productivity.

It is hoped that the flow on effects will go right down the country, it won't just be a fun thing to ride - or to go on the new ale trail, or the ale rail trail, whichever you want to call it. Some friends of mine said they were going to go on the new rail link over the weekend and stop off for a glass of wine at different stations, or water after the first two.

But there is an actual ale trail on the rail. Five breweries, independent breweries have signed up for it, so you can Google that and find it.

Businesses like our lovely lady with the flowers in Victoria Street will be praying that the disruption and the loss of business and the hanging on by a thread will all be worth it now that the CRL is finally up and running.

So I would love to hear from those of you who have ridden the train, who have jumped on board, test driven it yesterday or have taken the chance to come into work today on the train. Does it make much difference? Is it going to be part of your regular commute? 

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Bond markets face renewed pressure as oil prices surge. Harbour Asset Management expert Shane Solly explains what higher yields mean for investors and NZ. 

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An expectation of more OCR hikes - with bond yields rising internationally.

10-year New Zealand government bonds are now paying above five percent - the highest level since 2023.

US 30-year Treasury bonds are at their highest point since 2007.

The OCR rose to 2.75 percent two weeks ago.

Westpac Chief Economist Kelly Eckhold told Heather du Plessis-Allan central banks have a lot of work to do next year, so he expects the OCR could be four percent at the end of next year.

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There's growing calls to boost the health system in order to drive economic growth, and BusinessNZ has outlined its concerns.

The list of Health Priorities  calls on political parties to take a smarter approach to health spending, including increased Pharmac funding, better workforce planning, and more opportunities to adopt medical technology.

BusinessNZ CEO Katherine Rich says good health policy is good economic policy, and it's important to look at healthcare as an investment. 

"If you invest well and differently, it means you can get people back to work...there are some concerns that we have had for a long time that we don't get the proportions of the health dollar spent in the right places." 

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There's a reason we talk a lot on this programme about bond markets, growth, central bank decisions and wars in far-away places.

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The election is 55 still days away, and it's looking like a tight one. And in the US the midterms are around the corner.

America has a much bigger economy, and one that we have a lot of ties to. So how will these elections influence our domestic markets, if at all?

Harbour Asset Management Co-CEO Chris Wilson joins Tim Beveridge to break down the facts. 

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House prices are falling just about everywhere in the country. It's a buyers' dream, and a sellers nightmare.

If you're a seller, what will it take to see the market turn back in your favour? And if you're a buyer, just how much can you push your advantage? 

Harcourts Cooper & Co. Managing Director Martin Cooper joins Tim Beveridge on the OneRoof Radio Show to answer your questions. 

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