The founder of plastics storage container business Sistema Plastics Brendan Lindsay has been appointed a knight companion of the New Zealand Order of Merit in this year’s King’s Birthday Honours.

Lindsay received the honour for his services to business and philanthropy, noting his work at Sistema and his efforts as part of the Lindsay Foundation.

He founded the plastic business in 1982.

He was made a member of the New Zealand Order of Merit in 2012, and was inducted into the New Zealand Business Hall of Fame in 2020 in recognition of his contributions to business.

Brendan Lindsay joins the show to discuss his appointment.

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A US federal court's blocked Donald Trump's global tariffs from going into effect - ruling the President overstepped his authority.

The Court of International Trade says an emergency law invoked by the White House doesn't provide unilateral authority to impose tariffs on nearly every country.

Fisher Funds expert Sam Dickie explains what this means for the economy.

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Fonterra is being cautiously upbeat about the future.

The dairy co-op is forecasting a $10 farmgate milk price payout for the current season, and an earnings range of 65 to 75 cents a share.

The Country's Jamie Mackay explains what this means for the market.

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Transport heavyweight Mainfreight has posted a solid full-year financial result, but international economic uncertainty is causing concerns.

Annual net profit was up nearly a third on the previous year - to $274.3 million compared to $208.7 million.

Mainfreight General Manager Don Braid says the company's focused on business and what that means for customers around the world.

"We'll do whatever we can to keep the supply chains open for them."

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The Reserve Bank cut the Official Cash Rate by 25 basis points to 3.25 percent.

The markets had already priced a rates cut in - but there was some uncertainty emerging after the announcement took place.

Milford Asset Management's Remy Morgan explains further.

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The Reserve Bank delivered their quarterly update on the OCR - but there was a hawkish undertone this time round, according to experts.

The central bank cut the Official Cash Rate by 25 basis points to 3.25 percent, in line with expectations from economists.

Despite this, NZ Herald Wellington business editor Jenee Tibshraeny noted there were some concerns about the economic future.

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Some complex airline problems might be solved with another type of aircraft now operating in an Auckland warehouse.

Air New Zealand has teamed up with Spark, Ericsson and Canadian firm Cypher Robotics to deploy a robot-tethered drone.

The airline and the telco said they worked together to create New Zealand’s first private 5G network for business.

Mark Beder, Spark New Zealand customer director for enterprise and government, says the size and height of the warehouse has presented challenges.

"It's about how they can do this more efficiently and more effectively over time."

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I don't really want to have to start on a bum note, but if there is a thing that we do on the show, it's honesty. So let's be honest about it.

What the Reserve Bank decision told you today is how much trouble our economy is in. If you're in business, you already know this and you don't need me to tell you this.

I was talking to a couple of CEOs yesterday. They were telling me they cannot see the green shoots - we've been waiting. We were told - survive til '25, we're halfway through and we're still stuffed.

Well, let me tell you what we got today. We got a 25 basis point cut. We needed 50 percent because that OCR is still too high. It's now sitting at 3.25 percent.

It's probably actively still dampening our economic growth because I think the consensus is that 3 is neutral, and we're not there yet.

But they could not give us a bigger cut today.

And even they must realize how much damage they're doing, because they themselves have admitted that the economy is even more stuffed than they thought it was as recently as February, when they last met.

Back in February, they predicted that in the first quarter of this year, we would have seen growth of 0.6 percent. They have revised that down to 0.4. This quarter that we're in right now, they forecast that we would be growing at 0.6 percent. They just halved that to 0.3 percent.

Next quarter, they thought would be 0.5 percent. They've taken that down to 0.2 percent. That's not good. That's bad.

And now, why couldn't they give us a bigger cut to help us along? Because they might set off inflation again if they do.

We just saw a rise in inflation the other day, and there is potential for it to keep on creeping up.

We've got dairy prices going up, we've got electricity prices going up, we've got rates going up - I could go on and on and on.

The Budget that we just had last week is not super deflationary, is it?

And their job at the Reserve Bank, remember, is not to help the economy grow. That is not their job. Their job is to contain inflation, and it's kind of borderline, and they can't take any chances there.

Could we have a touch of the old stagflation back? No growth, prices going up? Feels a bit like that's a risk at the moment, isn't it?

Now, I hope not, but 'I hope' is not a strategy.

And yet, what else have we got left when even the Reserve Bank can't get out of the economy's way?

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