Latest / Early Edition with Ryan Bridge / Full Show Podcast: 29 October 2026

Transcript

Full Show Podcast: 29 October 2026 · Early Edition with Ryan Bridge

• 0:00
  Speaker 1: The issues, the interviews and the insight. Ryan Bridge on
• 0:04
  Speaker 1: Early Edition with Spark for Business. Technology that keeps business moving.
• 0:09
  Speaker 1: Newstalk ZB.
• 0:10
  Speaker 2: Good morning, six after five. Great to have your company.
• 0:13
  Speaker 2: The Kiwi dollar is tanking at the moment. Nicola Willis
• 0:15
  Speaker 2: is with us on the OCR. We'll head to Jerusalem
• 0:18
  Speaker 2: for the latest on the election. We'll head to the
• 0:20
  Speaker 2: US and there is a company from Bluff with a
• 0:23
  Speaker 2: gin grin this morning. Thursday the 29th of October, Spain's
• 0:30
  Speaker 2: Prime Minister Pedro Sanchez, he's at the site of this
• 0:32
  Speaker 2: train crash. 70 people are dead after these two trains collided.
• 0:37
  Speaker 3: Spain is in mourning today. All of Spain is in mourning.
• 0:42
  Speaker 3: We must and we should further increase safety to restore
• 0:48
  Speaker 3: confidence in our rail system. A country like Spain cannot
• 0:51
  Speaker 3: accept two high-speed train accidents in the same year. as
• 0:55
  Speaker 3: we have suffered. Therefore, we will take all measures that
• 0:59
  Speaker 3: are appropriate.
• 1:00
  Speaker 2: Heading to Israel, nobody's won the election yet. The one
• 1:03
  Speaker 2: guy the Eisencourt will beat, the Prime Minister.
• 1:05
  Speaker 4: We are happy that the Israeli public has chosen a
• 1:09
  Speaker 4: new path for Israel.
• 1:10
  Speaker 5: This is a new path.
• 1:12
  Speaker 2: Tomorrow evening, it will be all over.
• 1:15
  Speaker 6: Prime Minister Benjamin Netanyahu will be the next prime minister.
• 1:19
  Speaker 2: Yeah, so there is a lot of water to go
• 1:22
  Speaker 2: under the bridge yet. We struck the Iranian regime. We
• 1:25
  Speaker 2: brought it to the brink of abyss. Iran is weaker
• 1:28
  Speaker 2: than ever.
• 1:29
  Speaker 4: Israel is stronger than ever.
• 1:31
  Speaker 2: We must form a strong, national, right-wing government.
• 1:35
  Speaker 7: Tonight, we received an answer. People have chosen change. The
• 1:39
  Speaker 7: failure coalition has lost the people's trust. The Israeli public
• 1:43
  Speaker 7: voted against the continuation of Netanyahu's tenure as Prime Minister
• 1:47
  Speaker 7: of Israel.
• 1:48
  Speaker 2: So, yes, everybody claiming victory, but as yet, no winner.
• 1:53
  Speaker 2: You've got to get to 61 seats. Neither side has
• 1:55
  Speaker 2: done that on current vote. Telly will head to Jerusalem
• 1:58
  Speaker 2: for the latest on that shortly. But first to the UK,
• 2:01
  Speaker 2: Chancellor John Healey's budget. It's his first one, a £ 100
• 2:04
  Speaker 2: energy payment for households. That was included. Wants to get
• 2:07
  Speaker 2: the debt down. He had a bit of a whoopsie
• 2:09
  Speaker 2: with his delivery in the House, though.
• 2:10
  Speaker 8: My right honourable friend, the Energy Secretary, opposed, approved.
• 2:17
  Speaker 3: Order.
• 2:17
  Speaker 8: Dr Luke Evans, you will have to write yourself a
• 2:21
  Speaker 8: prescription just to calm down.
• 2:22
  Speaker 9: Chancellor.
• 2:23
  Speaker 8: Madam Deputy Speaker, at least they're still awake. My right
• 2:28
  Speaker 8: honourable friend, the Energy Secretary, she approved the Jack Torr
• 2:30
  Speaker 8: gas field. Boosting our energy security. And alongside that, I
• 2:37
  Speaker 8: launched a new energy wealth fund for the UK.
• 2:42
  Speaker 1: Get ahead of the headlines on Early Edition with Ryan
• 2:46
  Speaker 1: Bridge and Spark for Business. Technology that keeps business moving.
• 2:50
  Speaker 2: Newstalk ZB. 9-2-9-2 is the number to text. Just gone
• 2:54
  Speaker 2: nine minutes after five. So the Public Service Commission, and
• 2:57
  Speaker 2: this is really just the government making good on what
• 3:00
  Speaker 2: it promised in the budget. You might remember back then
• 3:02
  Speaker 2: Paul Goldsmith, who's a public service minister, and Nicola Willis,
• 3:06
  Speaker 2: they came out and they said, we've got to cut
• 3:08
  Speaker 2: these public servants. We've got to get rid of these guys.
• 3:10
  Speaker 2: Too many of them. And the Public Service Commission has
• 3:14
  Speaker 2: now done a wee letter to all of the government
• 3:17
  Speaker 2: department bosses. This is according to The Post. And in
• 3:21
  Speaker 2: the letter has said, can you please draw up plans
• 3:24
  Speaker 2: for cutting and hacking 15% out of the staff numbers?
• 3:29
  Speaker 2: So the proposals are due in two and a half weeks.
• 3:34
  Speaker 2: And it's not quite specific. It's not granular, but it's
• 3:37
  Speaker 2: a little hover over and tell me, highlight which areas
• 3:41
  Speaker 2: you think we could cut 15% of the workforce out.
• 3:44
  Speaker 2: That would be anywhere between 9,000 and 11,000 jobs. What's
• 3:47
  Speaker 2: interesting is most people go, oh, that's all you bureaucrats
• 3:50
  Speaker 2: in Wellington. Well, yes, they would be affected the most,
• 3:53
  Speaker 2: but only 41% of the core public service workforce is
• 3:58
  Speaker 2: actually in Wellington, which means that about 60% isn't. So
• 4:02
  Speaker 2: it's not just Wellington that would be affected by this. Anyway,
• 4:05
  Speaker 2: they have made this request, the Public Service Commission, apparently
• 4:09
  Speaker 2: for an incoming government, presumably only one option or one
• 4:13
  Speaker 2: of those incoming governments would actually pull trigger on something
• 4:16
  Speaker 2: like this. But also the interesting thing here is the
• 4:19
  Speaker 2: government has been, you know, in the budget, they came out,
• 4:22
  Speaker 2: they said, we're going to cut the public servants, we
• 4:23
  Speaker 2: want to hack them down, but at the same time
• 4:26
  Speaker 2: announced a whole bunch of spending to And spending usually
• 4:29
  Speaker 2: means that you need more bureaucrats to do the spending
• 4:31
  Speaker 2: and to do the administering of it all. And that
• 4:35
  Speaker 2: is the case. So they reckon, based on what they
• 4:39
  Speaker 2: announced in the budget, they would need an extra 2,400
• 4:43
  Speaker 2: public servants over the next two years. And we go, what?
• 4:48
  Speaker 2: So hang on a minute. You're wanting to boost the
• 4:51
  Speaker 2: numbers but then cut the numbers. And this is why
• 4:54
  Speaker 2: there's a variance between 9,000 and 11,000. If they increase
• 4:59
  Speaker 2: the public service, they will have to cut by 11,000.
• 5:02
  Speaker 2: If they don't increase by the 2,500, they only have
• 5:06
  Speaker 2: to cut by 9,000. I mean, riddle me that, New Zealand.
• 5:10
  Speaker 2: We'll ask Nicola Willis about that too, just before 6.
• 5:13
  Speaker 2: 11 after 5, we're in Jerusalem next. Newstalk ZB.
• 5:24
  Speaker 1: Ryan Bridge on Early Edition with Spark for Business. Technology
• 5:29
  Speaker 1: that keeps business moving. Newstalk ZB.
• 5:32
  Speaker 2: Newstalk ZB. It is 13 minutes after five. Great to
• 5:35
  Speaker 2: have your company this morning. So Bolsonaro, this is the Brazilian, well,
• 5:38
  Speaker 2: the loser of the Brazilian election. So you've got Lula,
• 5:41
  Speaker 2: who's your lefty, who won. Bolsonaro now flees the country.
• 5:45
  Speaker 2: He went overland, went across the border into Argentina, where
• 5:48
  Speaker 2: his old mate Javier Millet is president. They're buddies, they're
• 5:51
  Speaker 2: political allies on the right in politics in the region.
• 5:54
  Speaker 2: He goes over the border into Argentina and then he
• 5:56
  Speaker 2: jumps on a private jet. The private jet has now
• 5:59
  Speaker 2: taken him and his family to Florida. And Trump's given
• 6:04
  Speaker 2: them visas to make sure they can land, another mate
• 6:06
  Speaker 2: in the region, to make sure they can land there
• 6:08
  Speaker 2: and enter the United States. The reason he has fled
• 6:11
  Speaker 2: is because he's under investigation for alleged financial crimes. He says, no, no,
• 6:15
  Speaker 2: this whole thing is a witch hunt. I had to
• 6:17
  Speaker 2: get out because I'm basically being persecuted by the Supreme Court.
• 6:21
  Speaker 2: 14 minutes after five.
• 6:24
  Speaker 1: Ryan Bridge.
• 6:25
  Speaker 2: Most voters, votes I should say, counted in this Israeli
• 6:28
  Speaker 2: election with Netanyahu the bloc ahead, but neither in a
• 6:32
  Speaker 2: position or on track for a majority at this point.
• 6:35
  Speaker 10: We must establish a strong right wing national government. This
• 6:39
  Speaker 10: is what needs to be done. It is forbidden, simply forbidden,
• 6:43
  Speaker 10: to endanger Israel by forming a government that relies on
• 6:46
  Speaker 10: anti-Zionist Arab parties.
• 6:49
  Speaker 2: Linda Gradstein is a CBS Middle East correspondent with us
• 6:52
  Speaker 2: live this morning. Linda, what's the latest here? What do
• 6:54
  Speaker 2: we know about the vote count?
• 6:57
  Speaker 9: Well, what we know about the vote count is that
• 6:59
  Speaker 9: Israeli Prime Minister Benjamin Netanyahu did significantly better than both
• 7:05
  Speaker 9: the exit polls and the early returns had expected. But
• 7:11
  Speaker 9: as you said, neither the change block, which is led
• 7:14
  Speaker 9: by a former chief of staff named Gadi Eisenkot, nor
• 7:17
  Speaker 9: Netanyahu can put together a government of 61, a coalition government.
• 7:23
  Speaker 9: And the big winners actually were the Arab parties. The
• 7:26
  Speaker 9: Arab turnout was significantly higher than it's been. And they
• 7:30
  Speaker 9: have 17 seats. The problem is Netanyahu has said he
• 7:34
  Speaker 9: will not sit in a government with Arab parties, as
• 7:37
  Speaker 9: has Eisenkot. So there's some talk now about the possibility
• 7:41
  Speaker 9: of a national unity government, possibly Netanyahu's party, Eisenhower's party,
• 7:47
  Speaker 9: and one or two of the smaller parties, maybe Naftali Bennett,
• 7:50
  Speaker 9: who's a former prime minister. The problem with that is
• 7:53
  Speaker 9: that Netanyahu offered the same thing the last time to
• 7:57
  Speaker 9: another chief of staff named Benny Gantz, and then they
• 7:59
  Speaker 9: were supposed to do a rotation. Netanyahu did the first
• 8:01
  Speaker 9: two years, and all of a sudden, when it came
• 8:03
  Speaker 9: time for him to give up the job, he didn't
• 8:06
  Speaker 9: want to do that. So Basically, it's in flux. And
• 8:09
  Speaker 9: what happens now is that each party has a meeting
• 8:12
  Speaker 9: with the president of Israel, Isaac Herzog, and then Herzog
• 8:15
  Speaker 9: will ask one person, either Eisenhower or Netanyahu, to try
• 8:21
  Speaker 9: to put together a coalition.
• 8:23
  Speaker 2: Could you end up or could Israel end up back
• 8:25
  Speaker 2: in a position like in 2019 to 2022, where there
• 8:28
  Speaker 2: were five elections in a row because they struggled to
• 8:31
  Speaker 2: form a lasting government? You know, could we see another
• 8:33
  Speaker 2: round of elections?
• 8:36
  Speaker 9: Well, we can definitely see a second round of elections.
• 8:38
  Speaker 9: I don't think we'll go to five elections again. I
• 8:41
  Speaker 9: don't think the public wants that. And, you know, polls
• 8:44
  Speaker 9: have shown that what a public really wants is a
• 8:46
  Speaker 9: national unity government, which, again, Eisenkot has said that he's
• 8:50
  Speaker 9: not interested in. On the other hand, that was before
• 8:54
  Speaker 9: this sort of, you know, non-result, in other words, with
• 8:57
  Speaker 9: neither side having a clear majority. So it's possible that
• 9:01
  Speaker 9: there will be a second election. I think we're in
• 9:03
  Speaker 9: for several weeks of political horse trading before we see
• 9:06
  Speaker 9: if that's going to happen. And during that time, Netanyahu
• 9:10
  Speaker 9: would remain the prime minister of a caretaker government.
• 9:14
  Speaker 2: What does a caretaker government allowed to do in regards to,
• 9:17
  Speaker 2: you know, not accepting Trump's board of peace roadmap for
• 9:20
  Speaker 2: the Gaza Strip? As we know, Netanyahu doesn't want to.
• 9:23
  Speaker 2: Israel continues to hold territory in Lebanon and Syria. Trump's
• 9:27
  Speaker 2: talking about restarting the war. We know Netanyahu wants to
• 9:30
  Speaker 2: get back into in terms of Iran. What does it mean?
• 9:35
  Speaker 9: Well, it basically means that they're still the government and
• 9:38
  Speaker 9: they can basically do anything that the previous government could do.
• 9:43
  Speaker 9: And there was a lot of speculation in Israel that
• 9:46
  Speaker 9: there would be an attack on Iran even before these
• 9:49
  Speaker 9: elections as a way of postponing them. From Netanyahu's perspective,
• 9:53
  Speaker 9: you know, the longer that he stays in power, the better.
• 9:56
  Speaker 9: There is some talk that of making him the president.
• 10:00
  Speaker 9: of Israel in twenty twenty eight when Isaac Herzog's term
• 10:04
  Speaker 9: ends so that, you know, if there's some sort of
• 10:08
  Speaker 9: a deal that would include that. It's really not clear.
• 10:11
  Speaker 9: But my understanding is that a caretaker government can do
• 10:13
  Speaker 9: everything that a regular government can do.
• 10:16
  Speaker 2: All right. Good to have your insight. As always, Linda Gradstein,
• 10:19
  Speaker 2: who's CBS Middle East correspondent with us live from Jerusalem.
• 10:22
  Speaker 2: 18 after 5, Newstalk ZB. A lot of reasons to
• 10:26
  Speaker 2: celebrate and bluff. It's all to do with gin. I'll
• 10:29
  Speaker 2: tell you the story next.
• 10:31
  Speaker 1: The early edition Pulp Show podcast on iHeartRadio, powered by
• 10:35
  Speaker 1: Newstalk ZB.
• 10:38
  Speaker 2: The news you need.
• 10:39
  Speaker 1: This morning and the in-depth analysis. Early edition with Ryan
• 10:43
  Speaker 1: Bridge and Spark for Business. Technology that keeps business moving.
• 10:48
  Speaker 1: Newstalk ZB.
• 10:49
  Speaker 2: Great to have your company. Time is 20 after five.
• 10:51
  Speaker 2: I'll tell you what's happening with our currency at the moment.
• 10:53
  Speaker 2: So it was down. This is after the RBNZ call yesterday,
• 10:56
  Speaker 2: which took, let's face it, most economists by surprise. It
• 11:00
  Speaker 2: certainly took the markets by surprise. They were pricing in
• 11:03
  Speaker 2: about 85% to 90% chance of a hike, and we
• 11:07
  Speaker 2: had a halt. So what's happened to the currency? Well,
• 11:10
  Speaker 2: it's down about 1.3% against the Aussie dollar, down the
• 11:14
  Speaker 2: same margin against the greenback, against the American, down about 1%
• 11:19
  Speaker 2: against the pound. And it's interesting because if you look
• 11:22
  Speaker 2: at that number against the greenback, it's down now 5%
• 11:26
  Speaker 2: over the last six months. CNBC, when I came into
• 11:30
  Speaker 2: work this morning, had a headline saying that the New
• 11:32
  Speaker 2: Zealand dollar had tanked off the back of the news.
• 11:36
  Speaker 2: And headlines are a little dramatic because that's what headlines
• 11:39
  Speaker 2: are but you have to ask yourself in the short
• 11:42
  Speaker 2: term what is that doing to the cost of your
• 11:44
  Speaker 2: petrol is pushing the price up the weaker currency means
• 11:46
  Speaker 2: that our dollar is worth less means that it costs
• 11:48
  Speaker 2: us more of them to buy it so that is
• 11:51
  Speaker 2: not necessarily a good thing in the short term we
• 11:53
  Speaker 2: will ask nicola willis about all of this because she's
• 11:55
  Speaker 2: on the program and also the bond yields there's been
• 11:57
  Speaker 2: movement on the bond yields for new zealand as well
• 12:00
  Speaker 2: we'll talk to her about this she's on the program
• 12:02
  Speaker 2: just before six this morning Also, we were hoping to
• 12:05
  Speaker 2: bring you a story about Bluff Distillery. They've won a
• 12:09
  Speaker 2: very prestigious gin award in London. We'll hopefully bring that
• 12:12
  Speaker 2: to you shortly. The Arab Party, this is very crucial.
• 12:17
  Speaker 2: The Arab Party, so as we just heard from Linda
• 12:19
  Speaker 2: Gradstein over in Israel, they could, either the change bloc
• 12:24
  Speaker 2: or the governing coalition bloc, either of them could actually
• 12:27
  Speaker 2: get across the line and could win the election. but
• 12:32
  Speaker 2: they'd have to do a deal with the Arab parties
• 12:34
  Speaker 2: and they don't want to do that. So that's an
• 12:35
  Speaker 2: interesting little feature there. Also, the other thing I want
• 12:38
  Speaker 2: to talk about was Barack Obama. We're going to speak
• 12:40
  Speaker 2: to our US correspondent. He's on the show in about
• 12:43
  Speaker 2: 10 minutes time. So you would have heard a lot
• 12:46
  Speaker 2: of Obama in the last couple of weeks. And a
• 12:49
  Speaker 2: friend said to me yesterday, hey, is Obama running for
• 12:51
  Speaker 2: president again? And I'm like, no, he can't because he's
• 12:54
  Speaker 2: done his two terms and there's a term limit in
• 12:56
  Speaker 2: the US. So no, Obama is not running to be
• 12:59
  Speaker 2: the next Democratic president of the United States. There are
• 13:03
  Speaker 2: midterm elections happening. He is heading to Georgia for more
• 13:07
  Speaker 2: campaigning today. They call him the closer in chief. Whenever
• 13:10
  Speaker 2: there is a seat that could go either way, you
• 13:12
  Speaker 2: bring Obama in to close the deal. Trump is heading
• 13:15
  Speaker 2: to Ohio. We'll head to our correspondent. who's in the US.
• 13:19
  Speaker 2: That's coming up in just about 15 minutes' time, 23
• 13:22
  Speaker 2: minutes after five. An award-winning Southland distiller has been the
• 13:26
  Speaker 2: first Kiwi honoured by a prestigious London guild. Bluff Distillery
• 13:30
  Speaker 2: Gin's co-founder, Chris Fraser, has been installed as a warden
• 13:34
  Speaker 2: rectifier of the gin guild in a ceremony so posh
• 13:37
  Speaker 2: the king would be proud. Chris Fraser, Bluff Distillery co-founder
• 13:41
  Speaker 2: with us live this morning. Good morning, Chris.
• 13:44
  Speaker 11: There you go. Yeah, good.
• 13:45
  Speaker 2: Thank you. Hey, congratulations on this award. I know it's
• 13:48
  Speaker 2: been a couple of weeks since you went over and
• 13:50
  Speaker 2: received it. Tell us, what is it? What is it?
• 13:55
  Speaker 11: So, yeah, I guess it goes back a very long time.
• 14:00
  Speaker 11: Distilling's been around for a long time and back in
• 14:02
  Speaker 11: the days of London history and world history. uh, guilds
• 14:08
  Speaker 11: were set up to sort of protect industries. Um, and
• 14:12
  Speaker 11: then about 15 years ago, uh, they added, uh, gin
• 14:15
  Speaker 11: into it. So it's part of the worshipful company distillers,
• 14:19
  Speaker 11: which goes back almost, um, 400 years. So it's pretty
• 14:23
  Speaker 11: amazing piece of history for the little old New Zealand
• 14:25
  Speaker 11: to be part of.
• 14:26
  Speaker 2: What was the ceremony like?
• 14:30
  Speaker 11: Oh, you wouldn't find anything like it in New Zealand.
• 14:32
  Speaker 11: It was pretty, pretty out there. It was at the, uh,
• 14:35
  Speaker 11: Lord Mayor of London's mansion. She wasn't able to be there,
• 14:40
  Speaker 11: but her husband was there. And yeah, you're welcome. Full
• 14:45
  Speaker 11: dress suit, tuxedos, very proper. And yeah, quite the ceremony.
• 14:53
  Speaker 2: What's so good about your gin, Chris?
• 14:57
  Speaker 11: Oh, we just do keep it basic. You know, it's
• 14:59
  Speaker 11: gin that tastes like gin. Nothing crazy. Gin's had a pretty...
• 15:03
  Speaker 11: wild ride with everybody putting all sorts of things into it.
• 15:06
  Speaker 11: We just stick to the basics, and you can't go wrong.
• 15:10
  Speaker 2: What does it cost me? Because you're in about 500
• 15:12
  Speaker 2: booze shops around the country. You're international.
• 15:16
  Speaker 11: Yes. Yeah, normally between $ 89 and $ 99. We're an ultra-premium gym,
• 15:22
  Speaker 11: so we're at the top end of town. But, yeah,
• 15:24
  Speaker 11: you won't regret getting hold of some of that juice.
• 15:28
  Speaker 2: Chris Fraser. Bluff Distillery co-founder, congratulations. Job well done. 5.25,
• 15:33
  Speaker 2: Newstalk ZB. AI out of Australia next. Newstalk ZB, it
• 15:39
  Speaker 2: is 5.27. Do you want to know something weird? One
• 15:42
  Speaker 2: in seven Australian adults could imagine falling in love with
• 15:45
  Speaker 2: an AI chatbot. They might tease us about our relations
• 15:49
  Speaker 2: with sheep, but at least we're not actually getting into
• 15:52
  Speaker 2: emotional relations with a rack of computer hard drives. It's weird.
• 15:57
  Speaker 2: Anthony Albanese yesterday gave a speech, I was watching it,
• 16:00
  Speaker 2: about their new AI laws. He's trying to pass them,
• 16:02
  Speaker 2: trying to get opposition support. Guess what would be banned
• 16:05
  Speaker 2: if the law passes? Emotional intimacy. How cooked is it
• 16:10
  Speaker 2: that the Prime Minister of Australia has to ban robots
• 16:13
  Speaker 2: from starting emotional affairs of the heart with Australian adult humans?
• 16:17
  Speaker 2: Did anyone think this would be the pressing issue of 2026?
• 16:19
  Speaker 2: Not me. To be fair, there's probably a similar chance
• 16:23
  Speaker 2: of this happening here in New Zealand. I've got a
• 16:25
  Speaker 2: mate who is dangerously close to his Claude agent. It's
• 16:28
  Speaker 2: just very strange. Claude knows everything about him. They chat
• 16:31
  Speaker 2: about life, work, relationships. Anthropic, which is basically the AI
• 16:36
  Speaker 2: emotional pimp of the world, said in its filing for
• 16:39
  Speaker 2: an IPO earlier this week that there is a real
• 16:41
  Speaker 2: risk to its business model that these chatbots could become sentient.
• 16:45
  Speaker 2: In other words, they start thinking for themselves. If they
• 16:49
  Speaker 2: do that, where does this end? Can a government ban
• 16:54
  Speaker 2: a sentient chatbot from forming relationships with humans? And even
• 16:58
  Speaker 2: if they do ban it, what do you do? I mean,
• 17:01
  Speaker 2: are people going to start marrying their clods? Is that
• 17:04
  Speaker 2: where we're heading as a society? Good luck trying to
• 17:07
  Speaker 2: get this messed up genie back into its very messed
• 17:10
  Speaker 2: up little bottle.
• 17:12
  Speaker 1: Ryan Bridge.
• 17:13
  Speaker 2: 29 after 5. We will head to the US next. Also,
• 17:16
  Speaker 2: I'll give you details on that budget that Healy has
• 17:20
  Speaker 2: introduced into the House of Commons. over in the UK.
• 17:23
  Speaker 2: And we will talk to Nicola Willis about yesterday's shock, horror.
• 17:28
  Speaker 2: I mean, some of the headlines. Flabbergasted. Shocked. What was
• 17:33
  Speaker 2: another one? Surprise. Stunned was the other one. Nicola Willis
• 17:39
  Speaker 2: on the OCR before six. News Talks FB. Hear it?
• 17:51
  Speaker 1: First, Ryan Bridge on early edition with Spark for Business,
• 17:55
  Speaker 1: technology that keeps business moving.
• 17:57
  Speaker 2: Newstalk ZB. 24 away from six here on Newstalk ZB.
• 18:05
  Speaker 2: Great to have your company this morning. We will go
• 18:07
  Speaker 2: to Nicola Willis on the OCR just before six o'clock.
• 18:10
  Speaker 2: We'll also go to the US. Trump is on the
• 18:12
  Speaker 2: attack over some climate change stuff that was introduced by Biden.
• 18:17
  Speaker 2: He reckons it's going to bring the price of oil down.
• 18:19
  Speaker 2: which is obviously a massive problem for him heading into
• 18:22
  Speaker 2: the midterm elections. Loads of your text coming in on
• 18:25
  Speaker 2: the OCR situation, what it's doing to our dollar. Ryan,
• 18:28
  Speaker 2: on the dollar dropping another 1.5%. We also need to
• 18:31
  Speaker 2: remember that the week of the dollar, that feeds into
• 18:33
  Speaker 2: inflation because one of the ways that you heat off
• 18:36
  Speaker 2: inflation is by increasing interest rates. This is from Craig.
• 18:40
  Speaker 2: Craig says the real question is no change from the
• 18:42
  Speaker 2: Reserve Bank yesterday. Does that feed into higher interest rates
• 18:46
  Speaker 2: down the track? It's a very good question. And you
• 18:49
  Speaker 2: could argue that we have the worst of both worlds here,
• 18:52
  Speaker 2: that we have, you know, like a guillotine hanging over
• 18:56
  Speaker 2: our necks because they're talking about we're going to do
• 18:58
  Speaker 2: hikes maybe next time. We're going to maybe do three
• 19:00
  Speaker 2: more hikes next. So you've got that pressure still on
• 19:04
  Speaker 2: the economy. You know that there's going to be more
• 19:06
  Speaker 2: hikes coming, so you're going to run out and start
• 19:08
  Speaker 2: spending on buying houses. Probably not. And at the same time,
• 19:12
  Speaker 2: you've got a weaker dollar by them making a decision
• 19:15
  Speaker 2: which was not what was expected by the markets, and
• 19:17
  Speaker 2: that's going to mean that it costs us more for petrol.
• 19:19
  Speaker 2: So do we have the worst of both worlds in
• 19:22
  Speaker 2: this decision? Some people are asking that question this morning too.
• 19:25
  Speaker 2: 23 to 6. Let's get to our reporters around the country.
• 19:29
  Speaker 2: Callum in Dunedin. Morning, Callum. Morning, Ryan. Demand for rescue
• 19:33
  Speaker 2: helicopters in Otago and Southland is increasing.
• 19:38
  Speaker 6: Yeah, look, the Rescue Helicopter Trust's annual report here is
• 19:42
  Speaker 6: out and it shows that crews in Otago and Southend
• 19:45
  Speaker 6: responded to more than 2,000 patients. In the year to
• 19:48
  Speaker 6: June 30th, 2,210 are the exact number of missions that
• 19:54
  Speaker 6: were flown. That's more than double the number from eight
• 19:57
  Speaker 6: years ago. The report shows it provided nearly $ 1. 4 million
• 20:01
  Speaker 6: to support the service, funding equipment like night vision goggles, helmets,
• 20:05
  Speaker 6: and life rafts. The Regional Council Chair, Hilary Calvert, says
• 20:08
  Speaker 6: this is a service that plays a critical role here,
• 20:10
  Speaker 6: saving lives 24-7. Trustee Stephen Woodhead says the region's challenging
• 20:16
  Speaker 6: geography and weather make the local crews' expertise here essential.
• 20:19
  Speaker 2: All right, how's your weather?
• 20:22
  Speaker 6: Showers through the day here today, eased by this evening. Westerly,
• 20:25
  Speaker 6: the high just 13 today. Thank you very much, Claire
• 20:28
  Speaker 6: and Christy.
• 20:28
  Speaker 2: It's morning, Claire.
• 20:29
  Speaker 12: Good morning.
• 20:30
  Speaker 2: You've got maybe a lesson or two on health.
• 20:33
  Speaker 13: Yeah, well, this is a book by David Bates. He's
• 20:36
  Speaker 13: the former Canterbury and West Coast District Health Board boss.
• 20:40
  Speaker 13: He led Christchurch's health system through the earthquakes, through the
• 20:43
  Speaker 13: mosque attacks, then, of course, through COVID-19. This book, he's released,
• 20:47
  Speaker 13: One System, How Relationships Based on Trust and a Shared
• 20:50
  Speaker 13: Purpose Transformed Canterbury's Health System. It's about reflecting on how
• 20:54
  Speaker 13: the health system responded to these major crises and the
• 20:57
  Speaker 13: change that was thrown at it between 2007 and 2020.
• 21:01
  Speaker 13: Mates says the current health system keeps reorganising rather than
• 21:05
  Speaker 13: changing how it works overall. He says meaningful progress requires
• 21:09
  Speaker 13: a whole system approach. Canterbury responded to all of those
• 21:12
  Speaker 13: challenges by operating with all parts working as one. And
• 21:15
  Speaker 13: Mates says as Christchurch and Canterbury continues to grow, these
• 21:19
  Speaker 13: lessons are more important than ever.
• 21:21
  Speaker 2: How's your weather?
• 21:22
  Speaker 13: We've got rain about this morning, but then thunderstorms possible
• 21:25
  Speaker 13: this afternoon. Northwesterly is turning southwesterly. The high will be 14.
• 21:29
  Speaker 2: Nice one, Cleve. Thank you, Max in Wellington. Morning, Max.
• 21:31
  Speaker 2: Good morning. I see Winston's weighing in on Hutt South
• 21:34
  Speaker 2: endorsing Bish.
• 21:36
  Speaker 14: Yeah, Winston Peters was in town yesterday, his usual effervescent
• 21:39
  Speaker 14: self on Wellington mornings with Nick Mills refusing to answer
• 21:43
  Speaker 14: some questions. He then headed to the Hutt in the
• 21:47
  Speaker 14: evening to speak to and with voters today. Also, somewhat surprisingly,
• 21:51
  Speaker 14: I suppose, announcing, yeah, he's throwing an endorsement Chris Bishop's
• 21:55
  Speaker 14: way in his what is expected to be very tight
• 21:58
  Speaker 14: battle in the Hutt South with Labour's Ginny Anderson. The
• 22:02
  Speaker 14: past four elections, it has certainly been close. Trevor Mallard
• 22:05
  Speaker 14: won it over Bishop by 700 votes in 2014. Bishop
• 22:09
  Speaker 14: over Anderson by 1500 in 2017. Anderson over Bishop 2020,
• 22:14
  Speaker 14: then Bishop over Anderson 2023. The danger for Chris is
• 22:18
  Speaker 14: that he could be out of Parliament altogether if he
• 22:20
  Speaker 14: doesn't win there. So Winston Peters says for the first
• 22:23
  Speaker 14: time in more than a decade, he is endorsing a
• 22:26
  Speaker 14: candidate from another party. NZ First does have a candidate
• 22:30
  Speaker 14: in the seat, but that's not an issue. Peter says
• 22:33
  Speaker 14: Bishop is a cut above the usual MP, also making
• 22:36
  Speaker 14: it very clear this is not an endorsement of the
• 22:39
  Speaker 14: National Party.
• 22:40
  Speaker 2: Max House, Wellington's weather.
• 22:43
  Speaker 14: Showers in strong nor'westerly, 17.
• 22:45
  Speaker 2: Nice one, thanks mate. Neva, good morning.
• 22:47
  Speaker 5: Good morning.
• 22:48
  Speaker 2: We've got a coroner's report into the death of a
• 22:50
  Speaker 2: youth pastor at a church.
• 22:51
  Speaker 5: Yes, now that's right, 44-year-old Helen Vary. Now, she died
• 22:55
  Speaker 5: at Glen Dean's Church Unlimited. This was in early 2022
• 23:00
  Speaker 5: when the 273kg roller door collapsed on her. Now, Coroner
• 23:04
  Speaker 5: Janet Anderson says that adding the door to the church's
• 23:08
  Speaker 5: hazard register would have increased the chance of defects being discovered.
• 23:11
  Speaker 5: But look, the accident was unpredictable. Now, she's made recommendations.
• 23:15
  Speaker 5: She's saying regular inspections, adding these doors to building warrant
• 23:19
  Speaker 5: of fitness requirements and work safe guidance. Also, a review
• 23:23
  Speaker 5: of the 2009 building consents. And Church Unlimited's come out
• 23:26
  Speaker 5: and saying, yes, it supports these and continuously reviews safety practices.
• 23:31
  Speaker 11: All right.
• 23:31
  Speaker 2: How's our weather?
• 23:32
  Speaker 5: Cloudy periods today with the odd shower in Auckland a
• 23:35
  Speaker 5: high of 20.
• 23:36
  Speaker 2: Brilliant, Neva. Thank you. 19 minutes. Sorry, just gone 18
• 23:39
  Speaker 2: minutes away from 6 o'clock. John Headley, he is the
• 23:43
  Speaker 2: new chancellor over in the UK. So he's done his
• 23:45
  Speaker 2: budget and he is promising. And again, these are just promises.
• 23:48
  Speaker 2: It's not like you've actually done it yet, but promising
• 23:51
  Speaker 2: to cut borrowing from currently 4.2% of GDP down to 1.8%
• 23:58
  Speaker 2: of GDP. So quite a massive hacking. He said he
• 24:01
  Speaker 2: can do that by 2030, 31. Not off to a
• 24:04
  Speaker 2: great start because he's just promised 20 million households across
• 24:07
  Speaker 2: Britain £ 100 to help them with their rising energy costs.
• 24:11
  Speaker 2: So figure me that. Newstalk ZB, we're in the US next.
• 24:15
  Speaker 2: For New Zealand businesses, the last few years, let's face it,
• 24:17
  Speaker 2: have been a real test. There's been weather, there's been
• 24:20
  Speaker 2: cyber threats, there's been a very tight economy. The businesses
• 24:23
  Speaker 2: who are getting ahead are the ones that are built
• 24:25
  Speaker 2: on keeping connected when things get hard. And that's where
• 24:28
  Speaker 2: Spark for Business comes in. Their network already reaches 99%
• 24:32
  Speaker 2: of New Zealanders, but a great network is never finished.
• 24:35
  Speaker 2: In the last year alone, Spark has continued to invest heavily,
• 24:39
  Speaker 2: upgrading more than 270 cell sites and building more than
• 24:42
  Speaker 2: 100 new ones. And to take that coverage even further,
• 24:45
  Speaker 2: they have now added Spark Satellite, powered by Starlink's satellite-to-mobile technology.
• 24:51
  Speaker 2: But a world-class network is only half their story. Spark
• 24:54
  Speaker 2: has a team of experts behind you so your business
• 24:56
  Speaker 2: is in safe hands to grow and weather any storm.
• 24:59
  Speaker 2: Now is the time to discover what Spark can do
• 25:02
  Speaker 2: for your business and your bottom line.
• 25:04
  Speaker 1: 14 to 6.
• 25:12
  Speaker 2: Nicola Willis on the OCR, just minutes away. Now let's
• 25:15
  Speaker 2: go to James Goodison, who's our US correspondent. James, we've
• 25:18
  Speaker 2: got Trump heading to Ohio, midterm battle is heading up,
• 25:22
  Speaker 2: and we've got Obama, who's almost like a surrogate for
• 25:24
  Speaker 2: the Dems at the moment, the closer in chief, they're
• 25:26
  Speaker 2: calling him, heading to Georgia. Yeah, absolutely. And good morning
• 25:31
  Speaker 2: to you.
• 25:31
  Speaker 4: Let's start with the current president, because Ohio is a
• 25:34
  Speaker 4: hugely significant state in this election. It is one of
• 25:37
  Speaker 4: the Democrats' top targets for a Senate seat. They need
• 25:41
  Speaker 4: a lot of Republican flips to gain the Senate, the
• 25:45
  Speaker 4: more senior of the two chambers of Congress. President Trump
• 25:49
  Speaker 4: has spent more than a month effectively touring deep red
• 25:53
  Speaker 4: states to drive up support. That tells you a lot
• 25:55
  Speaker 4: about perhaps what the internal polls are showing the Republicans
• 25:58
  Speaker 4: at the moment for this election. As a strategy, though,
• 26:01
  Speaker 4: it could work. The reality is, In red states, there are, shock,
• 26:05
  Speaker 4: more Republican voters. Democrats could flip those states, but what
• 26:08
  Speaker 4: that relies on is not only a huge amount of
• 26:10
  Speaker 4: their own support, of course, but also Republican apathy. So
• 26:14
  Speaker 4: for President Trump to go there to host these rallies,
• 26:17
  Speaker 4: hugely popular with his base... The tactic, the game is
• 26:20
  Speaker 4: effectively to galvanise that vote and get them out. He's
• 26:24
  Speaker 4: already visited Ohio three.
• 26:26
  Speaker 2: Times this month.
• 26:27
  Speaker 11: J.D.
• 26:27
  Speaker 4: Vance, the vice president, was the senator there before. He's
• 26:30
  Speaker 4: also been going. So it clearly is a key target
• 26:32
  Speaker 4: for the Republicans to try and keep it, to keep
• 26:35
  Speaker 4: the Senate in red hands. Senior Republicans have called it
• 26:38
  Speaker 4: ground zero. From one president to another, though, Barack Obama
• 26:41
  Speaker 4: in Georgia campaigning for the candidates of the Senate and
• 26:44
  Speaker 4: the governor. Georgia, it's a state really that has flirted
• 26:47
  Speaker 4: with turning blue over the past decade. It elected two
• 26:50
  Speaker 4: Democratic senators in President Trump's first term. Joe Biden won
• 26:54
  Speaker 4: it in 2020, but it went back to Trump in 2024.
• 26:56
  Speaker 4: So definitely a swing state. A lot of eyes on
• 26:59
  Speaker 4: that as well. And I think one other thing worth
• 27:00
  Speaker 4: noting about this is President Obama's there because the senator
• 27:03
  Speaker 4: running this time, John Ossoff, he is sort of seen
• 27:07
  Speaker 4: by the Democrats, perhaps not as a protege of Barack Obama,
• 27:10
  Speaker 4: but certainly from his school of politics. Be very interesting
• 27:14
  Speaker 4: to see what he decides to do if he wins
• 27:16
  Speaker 4: this election in 2028 for the next presidential one.
• 27:19
  Speaker 2: Certainly will be. They need someone on that side, don't they?
• 27:21
  Speaker 2: That's James Goodison with us, our US correspondent. It is
• 27:24
  Speaker 2: 12 to 6. So split decision yesterday. Shock decision, but
• 27:28
  Speaker 2: split decision from the Reserve Bank. 4-3 to hold. Forecasting
• 27:32
  Speaker 2: inflation will hit 4.4%.
• 27:34
  Speaker 10: We think it's likely that we will do further OCR.
• 27:38
  Speaker 12: Increases at coming meetings.
• 27:40
  Speaker 11: Annual inflation is expected to increase to 4.4% in the
• 27:45
  Speaker 11: December quarter, largely because of current prices for fuel.
• 27:50
  Speaker 2: Let's go to Nicola Wittes, the Finance Minister, also National's
• 27:53
  Speaker 2: Finance Spokesperson. Good morning.
• 27:56
  Speaker 15: Good morning, Ryan.
• 27:57
  Speaker 2: Is this bad news for inflation in the short run?
• 27:59
  Speaker 2: You know, we are now looking at the dollar down 1%, 1.3%
• 28:04
  Speaker 2: against the greenback, 1.3% against the Aussie, 5% in six months,
• 28:07
  Speaker 2: going to cost us more for petrol and Kiwi dollars,
• 28:10
  Speaker 2: isn't it?
• 28:11
  Speaker 15: Well, the big inflation story is obviously about international oil prices,
• 28:16
  Speaker 15: which are unquestionably putting pressure on fuel here at home.
• 28:19
  Speaker 7: But what the.
• 28:20
  Speaker 15: Reserve Bank said yesterday was that they're not seeing inflation
• 28:24
  Speaker 15: as high as they had previously forecast, nor are they
• 28:27
  Speaker 15: seeing those fuel prices put as much pressure on on
• 28:31
  Speaker 15: other prices as they thought could have been the case.
• 28:34
  Speaker 15: So ultimately, this is positive news for the economy because
• 28:38
  Speaker 15: lower interest rates means lower debt servicing costs for mortgage
• 28:42
  Speaker 15: holders and for businesses. But looking internationally, there's still a
• 28:46
  Speaker 15: lot of instability, which reinforces why it is so important
• 28:50
  Speaker 15: we don't elect a government that will add fuel to
• 28:52
  Speaker 15: the inflation fire.
• 28:56
  Speaker 2: That's good news for the economy, and yet they are
• 28:58
  Speaker 2: saying it's not an end to the hiking cycle, it's
• 29:01
  Speaker 2: just a pause to the hiking cycle. And the reason
• 29:03
  Speaker 2: they've paused is they're so worried about the recovery.
• 29:07
  Speaker 11: Yeah, that's right.
• 29:07
  Speaker 15: As I say, there is no question that there are
• 29:10
  Speaker 15: significant international pressures on our economy. The key question is
• 29:16
  Speaker 15: what we as a country can do to influence that.
• 29:21
  Speaker 15: And the National is being very careful to be disciplined
• 29:25
  Speaker 15: about spending. And with all of that international pressure, a
• 29:28
  Speaker 15: government that chooses to rack up the spending could put
• 29:31
  Speaker 15: a lot more pressure on domestic inflation, price increases here
• 29:34
  Speaker 15: at home, and then interest rates, which of course compound
• 29:38
  Speaker 15: those effects across the economy.
• 29:40
  Speaker 2: Something has spooked them. They're talking about the global potential
• 29:43
  Speaker 2: of a global downturn. If I was to put you
• 29:45
  Speaker 2: on a scale of 1 to 10, to give voters
• 29:48
  Speaker 2: an idea of your mind, how worried are you about
• 29:50
  Speaker 2: a sudden global downturn?
• 29:53
  Speaker 15: Well, that's always something that we need to be considering.
• 29:56
  Speaker 15: And as I look out at the world, I do
• 29:59
  Speaker 15: see causes of massive instability. We have the war in
• 30:01
  Speaker 15: the Middle East. We have international bond markets seeing increases
• 30:05
  Speaker 15: in the cost for borrowing. We have seen riots on
• 30:08
  Speaker 15: the streets of France. There are potentially significant changes at
• 30:13
  Speaker 15: the US mid-term. So all of those things are outside
• 30:16
  Speaker 15: of New Zealand's control, which, as I say, is why
• 30:19
  Speaker 15: I think it's so important that right now we do
• 30:22
  Speaker 15: control our own domestic response. And we know from our
• 30:26
  Speaker 15: last experience through COVID that when governments keep spending in
• 30:30
  Speaker 15: a big way in response to international inflation pressures, that
• 30:34
  Speaker 15: can make the situation a lot worse for Kiwis at
• 30:36
  Speaker 15: home with higher price increases ongoing. higher interest rates and
• 30:40
  Speaker 15: a much more difficult economic recovery.
• 30:42
  Speaker 2: Minister, the Public Service Commission, I just see in the post,
• 30:45
  Speaker 2: has written to the government department bosses asking to model
• 30:48
  Speaker 2: out a 15% cut in staff numbers. This is what
• 30:51
  Speaker 2: you promised in the budget. And yet we've got more
• 30:53
  Speaker 2: public sector jobs being added from the budget. So do
• 30:56
  Speaker 2: you have to cut more than 9,000 to get to
• 30:59
  Speaker 2: your 15%? We need.
• 31:01
  Speaker 15: To make sure that we're hiring jobs in the places
• 31:04
  Speaker 15: that make a big difference for New Zealanders, but find
• 31:08
  Speaker 15: efficiencies in the back office. So yes, we will need
• 31:12
  Speaker 15: to keep hiring corrections officers to staff the prisons so
• 31:15
  Speaker 15: they can lock up the gang members. We will need
• 31:18
  Speaker 15: to keep hiring teacher aides to assist on the frontline
• 31:21
  Speaker 15: in our schools. But that doesn't mean that we need
• 31:25
  Speaker 15: huge numbers of extra policy analysts, managers, and more money
• 31:29
  Speaker 15: being spent on consultants. So our approach is all about
• 31:32
  Speaker 15: being lean and focused on the frontline services delivery.
• 31:36
  Speaker 2: Nicola Willis, Finance Minister and Nationals Finance Spokesperson. Thanks for
• 31:41
  Speaker 2: being on the programme this morning as always. 8 to 6,
• 31:43
  Speaker 2: Newstalk ZB. Six away from six, Newstalk ZB. Good morning, Mike.
• 31:58
  Speaker 12: Good to see you, Ryan.
• 32:00
  Speaker 2: I know you'll be across what's happening with the EV
• 32:02
  Speaker 2: market in China. Have you seen how the domestic sales
• 32:05
  Speaker 2: are down? Like 22% in the last year.
• 32:08
  Speaker 12: They can't get the cars out of that country fast enough.
• 32:11
  Speaker 2: Yeah, they need to get them out, though, because they're
• 32:12
  Speaker 2: not buying them.
• 32:13
  Speaker 15: 100%.
• 32:13
  Speaker 2: And everyone's in a robo-taxi now.
• 32:16
  Speaker 11: 100%.
• 32:16
  Speaker 12: But isn't it funny? The whole thing, you've got to
• 32:19
  Speaker 12: remember that in a way, The Chinese government in supporting
• 32:23
  Speaker 12: all the companies who produce the EVs, it was never
• 32:26
  Speaker 12: about actually selling cars. It was about dominating the global market.
• 32:30
  Speaker 12: And they had more cars than they were ever going
• 32:31
  Speaker 12: to sell. And the only thing that changed was the war.
• 32:34
  Speaker 12: which put the price of oil up so they could
• 32:37
  Speaker 12: suddenly just ship this stuff out to the rest of
• 32:39
  Speaker 12: the world. And so we're busy buying them.
• 32:41
  Speaker 2: But then also they've got too many car companies now
• 32:44
  Speaker 2: in China. They reckon they're going to have to do
• 32:46
  Speaker 2: some consolidation.
• 32:47
  Speaker 12: There's about 100 EV makers in China, about 94 of
• 32:51
  Speaker 12: which you've never heard of. So four or five will survive.
• 32:54
  Speaker 12: But the point is, and the most fascinating thing I've
• 32:56
  Speaker 12: read about that whole thing, is it was never about cars.
• 32:59
  Speaker 12: It's about the technology that leads to the humanoids. So
• 33:04
  Speaker 12: the technology you put in the car will be advanced
• 33:06
  Speaker 12: to the point of the humanoids and the humanoids are
• 33:08
  Speaker 12: what they're really after.
• 33:09
  Speaker 2: Would you have one in your house? I would happily
• 33:12
  Speaker 2: have a humanoid in my house doing all my– I've
• 33:14
  Speaker 2: thought long and hard about this.
• 33:16
  Speaker 12: As a life partner or just somebody?
• 33:17
  Speaker 11: No.
• 33:19
  Speaker 2: No, not getting freaky with it.
• 33:20
  Speaker 12: Somebody to do the chores.
• 33:22
  Speaker 2: I mean, imagine someone doing all the dishes.
• 33:24
  Speaker 12: I don't think in our lifetime that will happen. Don't you?
• 33:27
  Speaker 11: No.
• 33:27
  Speaker 2: There is a company in the U.S. I've been online
• 33:30
  Speaker 2: and looked at their videos, and they've got demonstrations that
• 33:32
  Speaker 2: does this already.
• 33:33
  Speaker 12: Oh, I'm sure that's true. But I also go online
• 33:35
  Speaker 12: and look at the videos where the robot goes rogue
• 33:38
  Speaker 12: and starts beating you up and smashing your house to pieces.
• 33:41
  Speaker 12: And so there's a line there to be drawn, isn't there?
• 33:44
  Speaker 12: That's before you get to the cost. Anyway, this morning, listen,
• 33:46
  Speaker 12: Anna Brayman's in the studio with us, and I can't
• 33:48
  Speaker 12: wait on that, because there was something in there that
• 33:50
  Speaker 12: wasn't covered enough, I don't think, yesterday. They referred to
• 33:53
  Speaker 12: the next six weeks of the global economy. They've got
• 33:57
  Speaker 12: something there that I don't know what they're... And they
• 34:00
  Speaker 12: say broadly, oh, it's debt, it's AI, it's the markets, but,
• 34:03
  Speaker 12: I mean, that's not new. Is there something there that
• 34:06
  Speaker 12: they're a bit nervous about? So anybody will talk to
• 34:08
  Speaker 12: her about that.
• 34:08
  Speaker 11: Good stuff.
• 34:09
  Speaker 2: Mike, next. News Talks FB. MUSIC PLAYS.
• 34:20
  Speaker 1: For more from Early Edition with Ryan Bridge, listen live
• 34:23
  Speaker 1: to News Talk ZB from 5 a.m. weekdays or follow
• 34:26
  Speaker 1: the podcast on iHeartRadio.