No-one is expecting any change to the OCR, but signals for when it will be cut will be keenly awaited. Almost 80% of these companies came in with better than expected earnings-per-share, and 60% better than expected revenues. Global nickel prices have risen more than US$2000/tonne, up +11.3% over the past week over supply fears. The UST 10yr yield is now at 4.42% and unchanged from Saturday but down -8 bps from this time last week. That all means our TWI-5 starts today just on 70.4, unchanged from Saturday and up +80 bps in a week.

Over the weekend, Labour’s leader, Chris Hipkins, opted for Aotearoa-New Zealand 2040 – the bi-centenary of the signing of the Treaty of Waitangi. One of the most memorable of these was Harry McClintock’s 1928 hit, “The Big Rock Candy Mountain”. Ahead of the Three Rs, on Hipkins’ twenty-first century Big Rock Candy Mountain, children will learn “problem solving, creativity, teamwork, adaptability and resilience”. At the upper levels of the Labour Party hierarchy there would appear to be an unshakeable belief that the way forward for New Zealand is both well-understood and well-tested. At the very least, a Jackson tilt at the Labour leadership would be of huge assistance in bringing the party down off the Big Rock Candy Mountain.

Prime Minister Christopher Luxon compared the Labour opposition to arsonists in a fire-heavy speech to supporters in Palmerston North this morning. Luxon and his speechwriters appeared to have firefighting on their mind when drafting the speech; later on, Luxon repeated the metaphor, but this time with the roles reversed. Luxon rehearsed some of his achievements “to cut red tape” and moves such as abolishing Labour’s prisoner reduction target. Taking questions after her own speech, Willis confirmed that she “will be increasing funding for disability services significantly” in the Budget. “I do know that some of them will find jobs in the public service... we are creating frontline roles,” Willis said.

PHOTO: STEPHEN JAQUIERYEmerson's Brewery staff are frothing with excitement after four of their beers were named winners in the 2024 New World Beer & Cider Awards Top 30. Awards judging chairman Michael Donaldson said it was very rare for a brewery to earn four top 30 spots in the same year. The Dunedin brewery also won two highly commended awards for its New Zealand Pilsner and its German Pilsner. He said the brewery staff would have a private celebration of the awards tonight. The Supreme Award winner was Desperate Glory, by 8 Wired (Warkworth), and the Champion Cider Award winner was Hazy Apple Cider, from Peckham’s Cider (Nelson).

Photo: 123rf.comWhen recovering from burnout it helps to prioritise doing whatever restores your spirit, says clinical fatigue specialist and "really skilful worrier" Vincent Deary. Many of us are driven by productivity and do not take our own need for rest and recovery seriously, he says. We don't really know how to rest and recover. Working at a fatigue clinic, Deary helped exhausted people challenge their personal beliefs about rest and recovery. "They would believe rest is a luxury, rest needs to be earned, rest is for weak people, strong stoic people don't need to rest to recover."

Police near the scene in Invercargill on Sunday morning. Photo: Nina TapuPolice are investigating after a person was found dead in the centre of Invercargill this morning. The body was found near the intersection of Sydney and St Andrew streets, close to the Northern Tavern, Stuff reports. Police were alerted at 9.25am and a scene examination was completed, with the death being treated as unexplained, a police spokesperson said. A post-mortem will be held on Tuesday.

Follow the podcast onDame Hinewehi Mohi has recently been inducted into the New Zealand Music Hall of Fame. She's been recognised for her ongoing contributions to the revitalisation of te reo Māori and Māori music in Aotearoa. Flicks.co.nz editor Steve Newall says this comes 25 years after her 'ground-breaking' performance at the 1999 Rugby World Cup. LISTEN ABOVE

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Some of the earliest photos of life in Aotearoa are on display at Auckland Museum right now – but the identities of some of the people in them are a mystery. What was it like to be one of the first people in New Zealand to have their photo taken?

This year, it's Baby Reindeer. Baby Reindeer is adapted from a one-man Edinburgh Fringe show of the same name and stars Scottish comedian Richard Gadd. Gadd first performed Baby Reindeer at the 2019 Edinburgh Fringe Festival. Telling her side of the story, she describes Baby Reindeer as a "work of fiction" and "hyperbole". Scottish National Party (SNP) MP John Nicolson is now asking Netflix to substantiate its comments about the woman who inspired the Martha character.

Labour's Chris Hipkins has outlined the party's vision to 2040 to a crowd of Auckland supported. In his speech, Hipkins envisioned returning to power in 2026, and then spending the next decade building the country that New Zealand can be. NZ Herald deputy political editor Thomas Coughlan says Labour's reputation for delivering on promises is still too low to be believable. LISTEN ABOVE

Prime Minister Christopher Luxon has fronted an unapologetic defence of National's first months in power, its pace of change and commitment to tax relief. Speaking to party representatives, Luxon said the coalition had no intention of changing tack. Luxon told the audience New Zealanders had given the coalition "a pretty big mandate" to turn the country around. Photo: Samuel Rillstone / RNZ"We're not here to manage the status quo. Looking ahead to the 30 May Budget, Luxon said he was proud of what Finance Minister Nicola Willis had achieved.

Nicola Willis says she isn’t borrowing for tax cuts and has staked her job on delivering meaningful tax cuts alongside a cut in public spending to afford the $2.9billion Landlord tax break. Her tax cuts are about $15Billion. Their advice is an inheritance tax, a Capital Gains Tax – OR raise GST. A CGT and inheritance tax would damage the real estate pimps who own them, where as a rise in GST would hurt those that National voters despise the most – the poor. Treasury have advised it and Nicola has suggested more revenue sources but has been coy what those will be.

The case is due to be heard in court on Tuesday, when a judge will decide whether to press ahead with any of the indictments. Yet even if Scheffler is only hit with a traffic misdemeanour – that would likely amount to a fine – he will contest it. “They [the charges] will either be dropped or we will go to trial because Scottie didn’t do anything wrong,” Steve Romines, Scheffler’s attorney, told Golf Channel. “There had been a traffic fatality down the road and so there were different traffic directions going on and traffic control officers were advising different things,” he said. “Scottie was advised by one officer to go around the traffic and turn left into the facility.

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