Latest / Early Edition with Ryan Bridge / Full Show Podcast: 10 October 2025
Transcript
- 0:01Speaker 1: The issues, the interviews and the insight. Ryan Bridge on
- 0:05Speaker 1: earli ereditship with our V Supercenter, explore our V successories
- 0:09Speaker 1: and servicing all in one News Talks sa'd be.
- 0:12Speaker 2: Good morning six after five year on News Talks dB.
- 0:14Speaker 2: We'll go to Washington on this Gaza, pece Steel. Trump's
- 0:17Speaker 2: holding a cabinet meeting as we speak. Vincent mcavinie in
- 0:19Speaker 2: the UK for US this morning, another warning about another bubble,
- 0:23Speaker 2: warning about US stocks, the ACC Minister on the deficit blowout,
- 0:26Speaker 2: plus how much myth is too much myth for a
- 0:29Speaker 2: rental property. The agenda is Friday, at the tenth of October.
- 0:34Speaker 2: There's hope and Gaza for the first time in a
- 0:36Speaker 2: long time.
- 0:41Speaker 3: We are happy that the war will hopefully end and
- 0:43Speaker 3: that the bloodshed will come to an end.
- 0:46Speaker 4: Despite our happiness, we cannot help but think of what
- 0:49Speaker 4: is to.
- 0:49Speaker 2: Commit, So a bit of water to go under the
- 0:51Speaker 2: bridge yet, So Trump's got a cabinet meeting right now.
- 0:54Speaker 2: Israel's security cabinet is meeting as we speak as well.
- 0:57Speaker 2: They are expected to sign off on the cease five plans.
- 1:00Speaker 5: There is no corresponding commitment that has been stated as
- 1:05Speaker 5: of yet by the Israelis to actually end the war.
- 1:09Speaker 5: There is a commitment to pause. There is a commitment
- 1:13Speaker 5: to withdraw partially.
- 1:15Speaker 2: You know that weird Polish woman who reckons that she's
- 1:18Speaker 2: medaling McCann has been harassing the family.
- 1:21Speaker 3: About a year ago, I started to make a research
- 1:24Speaker 3: on internet because I started to think that maybe I'm
- 1:28Speaker 3: missing child. I thought in my life that something is
- 1:32Speaker 3: from here because my mother didn't hug me, didn't say
- 1:37Speaker 3: I love you, so it was suspicious to me.
- 1:42Speaker 2: You should love because I mean, it's completely insane. She's
- 1:45Speaker 2: appeared in court. She's accused of stalking. The family met
- 1:48Speaker 2: the McCann family that is apparently Madeline's mum. Kate says
- 1:51Speaker 2: she's been harassed. The girl is demanding a dnaight is
- 1:55Speaker 2: to prove that she is in fact Medaline McCann. Back home,
- 1:58Speaker 2: we had another huger followed by another suspension in the house.
- 2:03Speaker 6: No, not that the guarantee was that would not be
- 2:06Speaker 6: taking place.
- 2:22Speaker 2: Who who'll suspended?
- 2:29Speaker 1: News and views you trust to start your day? It's
- 2:33Speaker 1: earlier This ship with Brian Bridge and r the Supercenter
- 2:36Speaker 1: explore r v's accessories and news talks.
- 2:40Speaker 2: That'd be poor old Jerry having to get off his
- 2:42Speaker 2: feet again. Funny old day in Parliament yesterday. So you
- 2:45Speaker 2: have the leader of a political party accused of acting
- 2:48Speaker 2: like a dictator, holding a press conference to reset the narrative,
- 2:51Speaker 2: and then, when asked the obvious question about the D word,
- 2:55Speaker 2: promptly cancels the press conference walks away, practically dragging the
- 2:59Speaker 2: Cooke happen along with him, exit stage left.
- 3:02Speaker 7: What's your response to allegations of a dictatorship model.
- 3:06Speaker 8: You think.
- 3:11Speaker 2: Basically it was so it looked to me like Debbie
- 3:14Speaker 2: was actually keen to stick around and answer some questions.
- 3:16Speaker 2: You can't invite the press to a press conference then
- 3:19Speaker 2: walk away after three and a half minutes because you
- 3:21Speaker 2: want to control the questions as well as the answers,
- 3:23Speaker 2: because that kind of sounds a little bit like I
- 3:24Speaker 2: don't know something a dictator would do. You know what
- 3:28Speaker 2: we did here, loud and clear from at Ravari yesterday
- 3:30Speaker 2: was that the coalition sucks and they want them gone.
- 3:34Speaker 2: The alternative. These guys have been meeting behind the scenes, Labor,
- 3:37Speaker 2: the Greens, to Party Marty. They've been trying to figure
- 3:39Speaker 2: out how do we make it work because we're a
- 3:42Speaker 2: year away now, and Hipkins's real Achilles heel is ravdi, unpredictable, brash,
- 3:48Speaker 2: untested in a high profile, demanding job like a cabinet minister,
- 3:51Speaker 2: which is what he's gunning for, and judging by yesterday's performance,
- 3:55Speaker 2: he's clearly not big on the whole transparency thing, which
- 3:58Speaker 2: is actually kind of important when you're government. There are
- 4:01Speaker 2: a couple of ways around this. They could go confidence
- 4:04Speaker 2: and supply and they don't get the baubles of office.
- 4:06Speaker 2: This is what Peter Dunns suggested they do this week.
- 4:09Speaker 2: That kind of nullifies the rights attack on this coalition
- 4:12Speaker 2: of chaos, that whole thing. But it also creates another
- 4:15Speaker 2: problem for Hipkins, you see, because what you don't barter
- 4:18Speaker 2: and trade on jobs, you then must concede on policy.
- 4:22Speaker 2: And their website, if you go to Party Marty's website,
- 4:24Speaker 2: there's stuff like, you know, cutting police funding fifty percent,
- 4:28Speaker 2: get directing it elsewhere, abolishing prisons by twenty forty, replacing
- 4:31Speaker 2: them with some Scandinavian model, a separate justice system, separate parliament,
- 4:35Speaker 2: those sorts of things, and hep can say what you
- 4:37Speaker 2: want about his performance, knows politics and knows what the
- 4:41Speaker 2: center your swing voter will and won't tolerate, and much
- 4:45Speaker 2: of the party Marty's policies fall into the latter camp.
- 4:50Speaker 2: Five Chin on Newstalk s B nine two nine two
- 4:52Speaker 2: is the numbers to Text'd love to hear from you
- 4:54Speaker 2: this morning. If you do like to, If you rent
- 4:57Speaker 2: a property and you do like to occasionally smoke, well don't.
- 5:01Speaker 2: But there are new rules about how much they will accept.
- 5:05Speaker 2: And if you're a landlord, what level does it need
- 5:08Speaker 2: to get to before you have to do a cleanup job.
- 5:10Speaker 1: That's next The news you Need this morning and the
- 5:14Speaker 1: in depth Analysis early edition with Ryan Bridge and r
- 5:18Speaker 1: V Supercenter explore r VS accessories and servicing fall in
- 5:22Speaker 1: one News Talks.
- 5:23Speaker 2: D B by thirteen News Talks B. We'll go to
- 5:25Speaker 2: Washington for the latest on the ceasefire plan. Trump has
- 5:28Speaker 2: just announced he's holding a cabinet meeting right now. He
- 5:30Speaker 2: says the whole world has come together for this, and
- 5:32Speaker 2: the hostages will be released Monday or Tuesday. This is
- 5:36Speaker 2: according to the White House. So the ceasefire has to
- 5:39Speaker 2: be signed off by Israel's security cabinet. That's happening at
- 5:42Speaker 2: the moment. Within twenty four hours. The Israelis will withdraw,
- 5:46Speaker 2: they'll go to yellow lines, predetermined lines, and then as
- 5:49Speaker 2: if what Trump says is true in the last couple
- 5:52Speaker 2: of minutes, the hostages will be released Monday or Tuesday.
- 5:55Speaker 2: Humanitarian aid to Palestinians should then flow. And then the
- 5:58Speaker 2: question is, well, what happens with the place? You know,
- 6:01Speaker 2: what happens with Garza. About half of it was listening
- 6:04Speaker 2: to the Israeli Defense minister this morning. He reckons they
- 6:06Speaker 2: will withdraw from fifty three percent of where they have been,
- 6:11Speaker 2: and then an international stabilization force will form. And so
- 6:15Speaker 2: the Europeans then get involved. The ministers, the top officials
- 6:18Speaker 2: from Arab states, they meet in Paris next week and
- 6:21Speaker 2: they will talk about future governance of Gaza. They will
- 6:24Speaker 2: talk about aid, they will talk about reconstruction, getting the
- 6:27Speaker 2: military out, all of that stuff. Trump could travel to
- 6:30Speaker 2: the region, they reckon potentially over the weekend. It is
- 6:34Speaker 2: five fourteen Brian. We've got new rules out on when
- 6:38Speaker 2: a rental's too contaminated with meth. Under fifteen micrograms per
- 6:42Speaker 2: one hundred square meters, you're fine. Fifteen to thirty you
- 6:45Speaker 2: need a clean over thirty either side can in the
- 6:48Speaker 2: lease within a week Matt Ball Property Investors Federation is
- 6:52Speaker 2: with us this morning. Matt, good morning. So this is
- 6:55Speaker 2: good because it gives clarity.
- 6:58Speaker 9: Yeah, it does. So at the moment, there are two standards.
- 7:01Speaker 9: There's one point five micrograms per one hundred square centimeters,
- 7:05Speaker 9: and then there's the fifteen micrograms, which is the science
- 7:08Speaker 9: advice above or below which sorry, it's unlikely to cause
- 7:12Speaker 9: in adverse effects. So fifteen and below health is fine.
- 7:17Speaker 9: Fifteen and above you need to decontaminate. Must rule clarifies.
- 7:22Speaker 9: It's great.
- 7:22Speaker 2: How much what does decontamination cost? Like, if you're in
- 7:25Speaker 2: the fifteen to thirty where you need a clean what
- 7:27Speaker 2: does that mean like just a bit of spray and wipe.
- 7:31Speaker 9: No, it can be quite extensive depending on the level
- 7:35Speaker 9: of contamination. So just to give you a bit of
- 7:37Speaker 9: an idea, Caring AURA spends around three to four million
- 7:40Speaker 9: dollars a year decontaminating and they only decontaminate at levels
- 7:45Speaker 9: above that fifteen. That's quite a cost.
- 7:47Speaker 2: Shirt do you see much of it these days?
- 7:51Speaker 9: Yes, our members do see a lot of it, and
- 7:54Speaker 9: because of this conflicting standard, we have members decontaminating at
- 7:58Speaker 9: levels above one point five. Moment so that's a considerable cost,
- 8:02Speaker 9: which really they shouldn't have to spend, and that cost
- 8:06Speaker 9: will be removed, so that's great. I did a quick
- 8:08Speaker 9: search of tendency tribunal cases before I came on here.
- 8:12Speaker 9: Nearly eight hundred cases in the last three years, and
- 8:15Speaker 9: these are the cases that reach the tribunal, are the
- 8:17Speaker 9: ones with high contamination. Generally, that's also quite a considerable expent,
- 8:23Speaker 9: so it's a big problem. This doesn't solve the meth problem,
- 8:28Speaker 9: but it does solve the confusion. It will reduce the costs,
- 8:31Speaker 9: and hopefully it will make people feel a bit better
- 8:34Speaker 9: knowing that the contamination there was a set at the
- 8:37Speaker 9: actual scientific recommended levels when they actually do start to
- 8:42Speaker 9: impact health.
- 8:43Speaker 2: Matt, appreciate your time. Thanks for being with me. Matt Ball.
- 8:46Speaker 2: The Property Investors Association time is sixteen minutes after five,
- 8:51Speaker 2: Bryan Bridge, you should sear from Trump at the White House.
- 8:54Speaker 10: Peace in the Middle East. We secured the release of
- 8:57Speaker 10: all of the remaining hostages and they should be released
- 9:00Speaker 10: Monday or Tuesday. Getting them is a complicated process. I'd
- 9:05Speaker 10: rather than tell you what they have to do together.
- 9:08Speaker 10: There are places you don't want to be, but we
- 9:11Speaker 10: are getting the hostages back on.
- 9:15Speaker 2: That was Donald Trump speaking and just in the last
- 9:17Speaker 2: few minutes. It is five seventeen. We will get to
- 9:19Speaker 2: the ACC Minister, Scott Simpson next. Because the deficit just
- 9:23Speaker 2: keeps blowing out and blowing out and blowing out. So
- 9:25Speaker 2: what do you do about it?
- 9:27Speaker 1: The first word on the News of the Day Early
- 9:30Speaker 1: edition with Ryan Bridge and r V Supercenter explore RV's
- 9:34Speaker 1: accessories and servicing all in one news Talks.
- 9:37Speaker 2: At b five nineteen. Great to have your company this
- 9:39Speaker 2: Friday morning. We'll get to Vincent mcavinie in the UK
- 9:42Speaker 2: after the News at five point thirty for the latest,
- 9:44Speaker 2: there is an interview with the boss of JP Morgan,
- 9:47Speaker 2: which is the biggest banking in America. He's warning about
- 9:50Speaker 2: a bubble. We've been talking about this for the past week.
- 9:52Speaker 2: We'll have more on that afternoons at five thirty. What
- 9:55Speaker 2: are we going to do? In the meantime with ACC
- 9:57Speaker 2: they've reported yet another deficit one and a half billion
- 9:59Speaker 2: for the financial year. This takes the struggling agency nearly
- 10:02Speaker 2: fourteen billion in the red. Scott Simpson is the ACC
- 10:05Speaker 2: Minister live this morning. Scott, Good morning, Good morning Ryan.
- 10:09Speaker 2: So the Finance minister says, this is underperforming. You obviously
- 10:13Speaker 2: agree with that. I know you've got to turn around. Plan.
- 10:15Speaker 2: When does that see us getting out of deficit?
- 10:19Speaker 11: Well, not immediately, so some years away. But the good
- 10:25Speaker 11: news Ryan is even though this one point five billion
- 10:28Speaker 11: dollar deficit over the last twelve months is a big number,
- 10:32Speaker 11: it's an awful lot better than the seven point two
- 10:35Speaker 11: billion deficit the previous year. So some good work has
- 10:38Speaker 11: already commenced at ACC in terms of getting the entity
- 10:43Speaker 11: back on track. But there's a lot of work yet
- 10:46Speaker 11: to do, and most of that reflected in actually just
- 10:50Speaker 11: doing the basic stuff really well, doing it consistently, and
- 10:53Speaker 11: doing it over and over again on behalf of New
- 10:56Speaker 11: Zealanders who need to get rehabilitated and back to independence fast.
- 11:00Speaker 2: You're looking at cutting the ability of some claims like
- 11:03Speaker 2: mental health claims apparently, can you give us an example
- 11:06Speaker 2: of what exactly that would mean or change potentially?
- 11:10Speaker 11: No, I'm not considering that at all. That's not correct
- 11:13Speaker 11: at all I want to have happened is for the
- 11:17Speaker 11: ACC scheme and the good people who are making sometimes
- 11:21Speaker 11: difficult decisions every day on behalf of the scheme and
- 11:24Speaker 11: all New Zealanders. I want them to get back to
- 11:27Speaker 11: doing the basic stuff really well, to focus on their
- 11:31Speaker 11: core business, which is ensuring that New Zealanders when they
- 11:34Speaker 11: do have an accident, are rehabilitated and getting back to
- 11:38Speaker 11: being fully participating members of society.
- 11:41Speaker 2: So no claims. That absolutely nothing changing with claims because
- 11:44Speaker 2: you're reported this is from stuff he had. This is
- 11:48Speaker 2: you previously questioned where the ACC might need to offload
- 11:51Speaker 2: responsibility for some mental health claims to a different agency
- 11:54Speaker 2: to ensure the insurance scheme is sustainable.
- 11:57Speaker 11: Look, that was a comment that I made some time ago.
- 12:01Speaker 11: But as I say, now into the role far more
- 12:05Speaker 11: closely than I was when I made those statements. I'm
- 12:08Speaker 11: very happy that ACC is focused on the work that's done.
- 12:12Speaker 11: We've got a new chair. I've just appointed a new chair,
- 12:15Speaker 11: Jan Dawson. Yes, I'll be working very closely.
- 12:18Speaker 2: And we won't cut There'll be no change to claims,
- 12:21Speaker 2: no criteria change.
- 12:23Speaker 11: Look, the ACC legislation is there for a purpose. It
- 12:28Speaker 11: has boundaries, it has rules, and ACC personnel work within
- 12:32Speaker 11: those all day every day to ensure that will change
- 12:35Speaker 11: for me better. I'm not planning any changes in that regard,
- 12:39Speaker 11: all right.
- 12:40Speaker 2: Very good. So a couple of years we'll be back
- 12:42Speaker 2: in La you reckon.
- 12:43Speaker 11: Well, we've got a lot of work to do. But
- 12:46Speaker 11: that will mean that there needs to be a focus
- 12:48Speaker 11: on doing the core basic work of ACC well regularly
- 12:52Speaker 11: and consistently, just.
- 12:54Speaker 2: On that working from home. I was shocked to see
- 12:58Speaker 2: a couple of weeks ago that they still working from home,
- 13:01Speaker 2: a lot of staff only coming into the office two
- 13:03Speaker 2: days a week. I think now they've agreed, begrudgingly to
- 13:06Speaker 2: come in three days a week. What's going on here?
- 13:10Speaker 11: Well, though, that is one part of what will need
- 13:13Speaker 11: to be a turnaround. I mean, ACC staff have had
- 13:17Speaker 11: some very generous working from home arrangements, and I was
- 13:21Speaker 11: pleased to see that the chief executive, Megan Maine, has
- 13:24Speaker 11: decided to bring them back for at least three days
- 13:27Speaker 11: a week.
- 13:28Speaker 8: Great.
- 13:30Speaker 11: I think there's still more work yet to be done
- 13:32Speaker 11: on that one, right mister.
- 13:33Speaker 2: People will be looking at this and looking at the
- 13:35Speaker 2: size of this deficit and the ours worked in the
- 13:39Speaker 2: office and be thinking, hmm, get you. I mean you
- 13:43Speaker 2: guys said it was a year ago, you see to
- 13:44Speaker 2: get back to the office.
- 13:45Speaker 11: Was it exactly so? As to say there's still a
- 13:49Speaker 11: lot of work yet to be done at acc.
- 13:52Speaker 2: Okay, I just to appreciate your time. Scott Simpson, whose
- 13:55Speaker 2: minister responsible for that lot? Twenty four minutes after five
- 13:58Speaker 2: News Talks.
- 13:58Speaker 1: They be the earlier full show podcast on iHeartRadio Power
- 14:03Speaker 1: by News Talks.
- 14:04Speaker 10: At me.
- 14:06Speaker 2: Twenty six after five. Good to have your company this morning.
- 14:09Speaker 2: I know you've been waiting for this. You have been
- 14:11Speaker 2: waiting so patiently. In just a few hours, we will
- 14:14Speaker 2: finally know who's won the Nobel Peace Prize, the world's
- 14:17Speaker 2: most prestigious award.
- 14:19Speaker 12: Everyone says that I should get the Nobel Peace Prize
- 14:22Speaker 12: for each one of these achievements.
- 14:23Speaker 1: They should give me the Nobel Prize for Rwanda.
- 14:26Speaker 12: If I were named Obama, I would have had the
- 14:30Speaker 12: Nobel Prize.
- 14:31Speaker 3: Given him two in ten seconds.
- 14:33Speaker 2: Yeah, so he really, really, really really wants it bad.
- 14:36Speaker 2: It's been going since nineteen oh one. A bunch of
- 14:38Speaker 2: Norwegians basically sit around a table and sort through their candidates.
- 14:42Speaker 2: This year, there's three hundred and thirty entries. Four US
- 14:45Speaker 2: presidents previously won it. Obama, as Trump mentioned, Roosevelt Woodrow
- 14:49Speaker 2: Wilson won it nineteen nineteen. Jimmy Carter got it two
- 14:52Speaker 2: decades after he left office. But one man wants it
- 14:54Speaker 2: more than anyone else, and even in the last few
- 14:56Speaker 2: hours Benjamin Nettinya who has tweeted that Trump should They.
- 15:00Speaker 12: Won't give me a Nobel Peace Pas because.
- 15:02Speaker 10: They only give it to liberals.
- 15:03Speaker 12: Will you get the Nobel Prize? Absolutely that he got
- 15:07Speaker 12: the Nobel Prize for doing nothing. He's for getting elected,
- 15:10Speaker 12: But I got elected too.
- 15:11Speaker 2: To the criteria, the prize goes to whoever has done
- 15:14Speaker 2: the most for fraternity between nations, whoever gets rid of
- 15:17Speaker 2: or reduces the size of armies, and whoever basically promotes
- 15:21Speaker 2: peace the most. Basically, who's really good at doing peace.
- 15:24Speaker 12: It's up five nations from going to war. And somebody
- 15:28Speaker 12: else will get the Nobel Peace Prize for their writing
- 15:31Speaker 12: about Donald Trump.
- 15:32Speaker 10: To be a big insult to our country. I will
- 15:34Speaker 10: tell you that I don't want it.
- 15:36Speaker 2: I want the country to get Here's the bad news.
- 15:38Speaker 2: Trump's not going to win this three reasons. One they
- 15:42Speaker 2: met and decided on Monday. That was before this Gaza
- 15:45Speaker 2: deal was announced. Two, it actually isn't even for this yet.
- 15:49Speaker 2: It relates basically to twenty twenty four or prior. Trump
- 15:52Speaker 2: wasn't even an office at that point. The applications for
- 15:55Speaker 2: this closed only a month into his second term. And
- 15:58Speaker 2: three he's pulled out of you know, the Power's Accord.
- 16:01Speaker 2: He's pulled out of the World Health Organization, and they
- 16:04Speaker 2: don't really like that, you know, they're not really into that.
- 16:07Speaker 2: So I may be proven wrong in a couple of
- 16:08Speaker 2: hours time, but my money is on Trump not winning
- 16:11Speaker 2: this thing. And if it doesn't happen, if he doesn't
- 16:14Speaker 2: get his worshi if he doesn't get his way, lookout,
- 16:17Speaker 2: because he'll probably declare war on poor old norway Bridge.
- 16:22Speaker 2: Having it's after five he's talk Vincent mcavinie after the
- 16:25Speaker 2: news And interesting little tidbit for you this morning. An
- 16:30Speaker 2: Z has reported their card spending, because you know, are
- 16:33Speaker 2: we going out and spending? Are we going out and
- 16:35Speaker 2: supporting the economy that so desperately needs it? A and
- 16:38Speaker 2: Z reports cards spending. This is just from their system,
- 16:41Speaker 2: was up three point four percent for September. Now, that
- 16:44Speaker 2: is obviously good news because it means that people are
- 16:46Speaker 2: spending more than they were in the same month a
- 16:48Speaker 2: year ago. And it's even better news because it is growth,
- 16:52Speaker 2: and it is growth at a time when we have
- 16:54Speaker 2: cheaper petrol, and you know, everyone goes and buys petrol,
- 16:59Speaker 2: so it's a quite an important thing. And if we're
- 17:03Speaker 2: spending more even though petrol is cheaper, that is even better.
- 17:06Speaker 2: I spoke to Nicola Willis yesterday and was just sort
- 17:09Speaker 2: of pecking her brain about the growth for quarter three,
- 17:12Speaker 2: because there will be growth, but the question is how much.
- 17:16Speaker 2: And the word, because she obviously gets numbers put in
- 17:18Speaker 2: front of her, the word that she was using was subdued.
- 17:22Speaker 2: So we went backwards in quarter two and then in
- 17:24Speaker 2: quarter three we are at best subdued. Vincent mcavnie after
- 17:29Speaker 2: news our reporters and we're in Washington for the latest
- 17:32Speaker 2: on the cease fire. News Talk, said B.
- 17:48Speaker 1: Get ahead of the headlines on early edition with Bryan
- 17:51Speaker 1: Bridge and r V Supercenter explore r v's accessories and
- 17:56Speaker 1: servicing all in one.
- 17:57Speaker 2: News Talk, said B. Twenty four away from Sex here
- 18:02Speaker 2: on news Talks, It'd be great to have you coming
- 18:04Speaker 2: to this Friday morning. We'll go to Washington. Just before six.
- 18:07Speaker 2: Trump has just said that he's heading to the Middle East.
- 18:09Speaker 2: Quote fairly soon. The hostages will be released on Monday
- 18:13Speaker 2: or Tuesday next week. This is Gaza and the ceasefire plan.
- 18:16Speaker 2: We'll get to Washington and we will get to the
- 18:18Speaker 2: UK with Vincent mcavenie. Now, we were talking last week
- 18:21Speaker 2: about James Anderson, that's the British tech investor who is
- 18:25Speaker 2: warning about an AI bubble. And then yesterday we had
- 18:28Speaker 2: the Bank of England warning about an AI bubble. And
- 18:30Speaker 2: now we've got the boss of JP Morgan, which is
- 18:32Speaker 2: America's biggest bank. He's come out and said the US
- 18:35Speaker 2: stock market's overheash it. Have listened to what he's Scott
- 18:38Speaker 2: to say.
- 18:38Speaker 8: I am far more worried about that than others. So
- 18:41Speaker 8: have you said I know I'm talking about probabilities. I
- 18:44Speaker 8: would give it a higher probability than I think is
- 18:46Speaker 8: probably priced in the market and by others. So if
- 18:48Speaker 8: the market is pricing in ten percent, I would praise him, always,
- 18:51Speaker 8: says Mike thirty s and P.
- 18:53Speaker 2: Five hundred up fifteen percent. This year alone, nasdack up
- 18:57Speaker 2: nineteen percent. So when would this potential career potentially happened?
- 19:01Speaker 8: And I saying next to year because the timing of
- 19:03Speaker 8: these things is almost impossible.
- 19:05Speaker 6: It could be what six months could.
- 19:06Speaker 8: Be a yeah, it could be six months could be
- 19:08Speaker 8: two years.
- 19:09Speaker 2: He's less as opposed to the other guys we talked
- 19:11Speaker 2: about last week. He's less worried about the AI bubble
- 19:13Speaker 2: part of it, but more worried about geopolitics whole bunch
- 19:16Speaker 2: of other stuff.
- 19:17Speaker 8: The amount of uncertain you know, I put to your
- 19:19Speaker 8: parts in that category, physical spend that category, parts is
- 19:22Speaker 8: in that category, the remilitarization of the world in that category.
- 19:25Speaker 8: All these things cause a lot of issues that we
- 19:27Speaker 8: don't know how they start out. So I say the
- 19:29Speaker 8: level of uncertain you should be higher in most people's
- 19:31Speaker 8: minds than.
- 19:32Speaker 2: What I call normal. That's Jamie Dimond. He's the boss
- 19:34Speaker 2: of JP Morgan. He's over in the UK at the
- 19:36Speaker 2: moment doing a bunch of announcements and did this interview
- 19:38Speaker 2: with the BBC twenty two minutes away from six. It
- 19:40Speaker 2: depends who you ask. Though there's a Goldman SAX guy
- 19:42Speaker 2: who's listening to a podcast yesterday. He's talking a completely
- 19:45Speaker 2: different view about the the growth in the value of
- 19:49Speaker 2: the US stock marketing. It says basically outside of AI,
- 19:53Speaker 2: which the rest of the growth is driven by actual
- 19:57Speaker 2: growth rather than speculation. If you're going to invest in AI.
- 20:01Speaker 2: And though I think the advice is probably to diversify
- 20:04Speaker 2: because competition in that sector is heading up, isn't it.
- 20:06Speaker 2: Twenty two away from six to our reporters around the country,
- 20:10Speaker 2: the Milford Track's been the opening being delayed because of
- 20:12Speaker 2: avalanche damage. Colum Procter and need and Colum good morning,
- 20:16Speaker 2: morning Ryan.
- 20:17Speaker 6: Yeah, the Great Walks summer season will open two weeks late. Unfortunately,
- 20:21Speaker 6: this is due to that avalanche damage. Significant spring snow
- 20:25Speaker 6: and rain recently caused these avalanches and then that's changed
- 20:30Speaker 6: water courses on the track. The track itself damaged, covered
- 20:34Speaker 6: in sections of debris, and so it will open two
- 20:37Speaker 6: weeks late. Bookings for those canceled first two weeks will
- 20:40Speaker 6: be refunded. It's planned opening now November eleventh. Doc says, Look,
- 20:45Speaker 6: this is an area that gets around eight meters of
- 20:47Speaker 6: rainfall a year and they just haven't been able to
- 20:50Speaker 6: get in to start those repairs.
- 20:51Speaker 11: Here.
- 20:52Speaker 2: Okay, how's your weather.
- 20:53Speaker 6: It's mainly fine for us today, high cloud west till
- 20:56Speaker 6: he's turned easterly.
- 20:56Speaker 2: Twenty two the high cheers, Collum clear and christ Church morning, Claire,
- 21:00Speaker 2: good morning. A lot of demand for jobs at that
- 21:03Speaker 2: new Pack and Safe Yeah.
- 21:04Speaker 13: Well, Packinsafe says, overwhelming demand out there. This is the
- 21:07Speaker 13: new one that's opening at Rollston on Tuesday. It's going
- 21:11Speaker 13: to become the largest supermarket in the South Island when
- 21:14Speaker 13: the doors do open. The update now is that more
- 21:17Speaker 13: than three tho two hundred people applied for two hundred
- 21:20Speaker 13: and seventy positions at the new store. The owner and operator,
- 21:24Speaker 13: Sarah Blackburn, says the core news is that they prioritized
- 21:27Speaker 13: hiring Selwyn locals, including students from Rollston College. She says
- 21:32Speaker 13: it was a really high standard of applications. It was
- 21:35Speaker 13: very difficult to choose who got a job. She says,
- 21:37Speaker 13: it's been a huge team effort over the last nine
- 21:40Speaker 13: months and they're excited to open their doors Tuesday.
- 21:43Speaker 2: Great sowee. How's your weather clear.
- 21:45Speaker 13: Mainly fine, a bit of high cloud Northerleis and twenty three.
- 21:48Speaker 2: Thank you Max and wellings and morning Max, good morning.
- 21:51Speaker 2: Our final debate. This is for the Merrill ELECTA.
- 21:55Speaker 14: Yeah, yeah, I having yesterday at the convention center, a
- 21:58Speaker 14: few hundred people there, busy business leaders as well in
- 22:01Speaker 14: the capitol, and I think business might be one of
- 22:03Speaker 14: the key focuses for these candidates as they head into
- 22:07Speaker 14: tomorrow's election. We obviously had that survey yesterday from the
- 22:10Speaker 14: Chamber of Commerce. Things look very very bleak in the
- 22:12Speaker 14: CBD right now. Not a friendly place to open a
- 22:15Speaker 14: business and not a friendly place to be a business
- 22:17Speaker 14: in terms of how the Council treats businesses. Look Besides
- 22:21Speaker 14: and ill advised the pendulous email early on, it's probably
- 22:24Speaker 14: been a campaign relatively free of drama. I think Andrew Little, Raychung,
- 22:30Speaker 14: called Tief and Barker, Diane Calvert at all have all
- 22:33Speaker 14: been sort of saying the same sort of things. They
- 22:36Speaker 14: want to be more business friendly. They said the same
- 22:38Speaker 14: at the debate yesterday. Little wants to restart the capital's
- 22:41Speaker 14: entertainment sector, support small businesses, make people want to come
- 22:45Speaker 14: into the central city. Tief and Barker, who of course
- 22:47Speaker 14: owns Cafe Ice the gelato chain, says the council has
- 22:51Speaker 14: been failing the CBD. Let's turn that around otherwise. Water
- 22:54Speaker 14: meters should we get them? How on earth do we
- 22:57Speaker 14: limit rates rises? They've been bigger here than anywhere else.
- 23:00Speaker 14: Chung wants to stop them full stop. Seems the Golden
- 23:03Speaker 14: Mile is going to be paused regardless of who wins.
- 23:05Speaker 14: But it does seem like mister little will can to
- 23:08Speaker 14: home tomorrow leading into the strait, but you never know.
- 23:11Speaker 2: Very good. Hey, I see that your your water wheel
- 23:14Speaker 2: or windwheel or whatever it is, is bug it again?
- 23:16Speaker 9: And how is it?
- 23:17Speaker 2: Yeah? And someone walked apparently a reporter walked past yesterday
- 23:20Speaker 2: says that it's been reduced to a stump.
- 23:22Speaker 14: Well, I wonder if some fool has been swinging on
- 23:25Speaker 14: it again, which tends to happen every year.
- 23:27Speaker 2: Or two in Wellington. A goodness, how's your weather? Rainy
- 23:30Speaker 2: strong wind?
- 23:31Speaker 14: Up to seventeen?
- 23:32Speaker 11: All right?
- 23:32Speaker 2: Thanks Max Neva and open morning Neva. Happy Friday Friday. Yes,
- 23:36Speaker 2: Auckland's second biggest high school is basically gonna have to
- 23:39Speaker 2: split in two.
- 23:40Speaker 15: Yeah, look they're proposing this split. Is it struggling to
- 23:43Speaker 15: cope with booming student numbers? Which school, Mount Albert Grammar
- 23:46Speaker 15: projected to head about four five hundred students in the
- 23:49Speaker 15: coming years. So Patrick Drumm, he's the headmaster. He says,
- 23:52Speaker 15: the school has started investigating whether it should split into
- 23:56Speaker 15: two separate you know, the middle of the senior schools
- 23:58Speaker 15: on the same campus. He's saying this, would you know,
- 24:01Speaker 15: like free up greater flexibility, free up the limited classroom space.
- 24:05Speaker 15: So yeah, let's just see what happens here. Also too,
- 24:08Speaker 15: this follows on with you know those South Aukland schools,
- 24:11Speaker 15: Papakuda High, Manaldeva High, Old Eddie College. They're all claiming
- 24:15Speaker 15: as well, they're over capacity. They're desperately waiting, you know,
- 24:18Speaker 15: for their new classrooms. But problem in population getting up
- 24:21Speaker 15: there in all class their.
- 24:22Speaker 2: Certain pockets a But luckily they're doing those classrooms that
- 24:25Speaker 2: they're basically one size fits all and they're quicker to
- 24:27Speaker 2: get out and pump them out like a factory farm.
- 24:30Speaker 2: Seventeen away from six House.
- 24:32Speaker 15: Our weather cloudy, chance of a light morning shell but yes,
- 24:35Speaker 15: very warm today around parts of the country.
- 24:37Speaker 2: Twenty two.
- 24:38Speaker 15: Summer is coming twenty two the high.
- 24:40Speaker 2: I need to thank you for that Friday morning. Good
- 24:42Speaker 2: to have your company. Typhoon Tory, who Max was talking
- 24:45Speaker 2: about in Wellington. Did you see that story yesterday that
- 24:47Speaker 2: she her staff I should say, accidentally, how do you
- 24:52Speaker 2: accidentally order a portrait worth seven thousand dollars as you're
- 24:57Speaker 2: goodbye present to yourself and to the city. Maybe they
- 25:00Speaker 2: can replace the wind whirl of water whirl or whatever
- 25:04Speaker 2: it is with the portrait of Tory Farno put that
- 25:07Speaker 2: down the waterfront. Seventeen to six News Talk ZB We're
- 25:10Speaker 2: in the UK with Vincent mcavinie.
- 25:12Speaker 1: Next International Correspondence with Ends and Eye Insurance, Peace of
- 25:17Speaker 1: Mind for New Zealand Business.
- 25:19Speaker 2: Fourteen away from six. Donald Trump's held a press conference
- 25:23Speaker 2: from his desk at the in the White House, basically
- 25:28Speaker 2: telling us that this peace dealer is going ahead in Gaza.
- 25:31Speaker 2: He says he's going to head there in a couple
- 25:32Speaker 2: of days time, and that the hostages will be released
- 25:36Speaker 2: in Monday or Tuesday next week. Vincent mcavinie's a UK
- 25:40Speaker 2: you're correspondent. We'll get to Washington in a second. Vincent,
- 25:43Speaker 2: good morning, Good morning. Yes, so there's a lot of
- 25:46Speaker 2: water to go under the bridge yet. Do we know
- 25:48Speaker 2: anything of that meeting on the Israeli side.
- 25:52Speaker 4: Well, it was meant to take place about forty five
- 25:55Speaker 4: minutes ago, but it's been delayed until the top of
- 25:59Speaker 4: the next hour. It's unclear why. It might be perhaps
- 26:02Speaker 4: because they got win that Donald Trump was having this
- 26:04Speaker 4: meeting and that the TV cameras would be trained on
- 26:08Speaker 4: that during this hour. So we're expecting in about sort
- 26:11Speaker 4: of thirteen minutes time, Israel's cabinets will meet to approve
- 26:16Speaker 4: this ceasefire deal, and the Security Cabinet as well, needing
- 26:21Speaker 4: approval on that. There hasn't actually been a ceasefire yet.
- 26:24Speaker 4: There has been bombardment by Israel continuing throughout the day
- 26:28Speaker 4: in Gaza with munitions and shots fired. So we're very
- 26:32Speaker 4: close now to that ceasefire kicking off.
- 26:35Speaker 2: And meanwhile in the UK, Princess Catherine's warning people about
- 26:39Speaker 2: too much screen time. Yeah, that's right.
- 26:42Speaker 4: The Princesses of Wales has sort of done what a
- 26:44Speaker 4: lot of royals do, which is trying to focus in
- 26:46Speaker 4: on one area in particular to kind of make their specialism.
- 26:49Speaker 4: So for Camilla Parker Bowls it's domestic violence. For the
- 26:54Speaker 4: King it was always sort of environmental causes. She's really
- 26:57Speaker 4: focused in on early years and ED education and the
- 27:01Speaker 4: role technology is playing in young people, and she's put
- 27:04Speaker 4: out a sort of a report with sort of noted
- 27:07Speaker 4: academics saying that some smartphones and gadgets have become a
- 27:10Speaker 4: constant distraction, fragmenting the focus of families and undermining the
- 27:16Speaker 4: time that they spend together. The reporter detailing the fact
- 27:20Speaker 4: that it's sort of has creating issues with young people's
- 27:22Speaker 4: personal interactions, issues with eye contact, and that people have
- 27:26Speaker 4: lost sort of communal experiences as well of watching things
- 27:29Speaker 4: together sometimes and talking about them.
- 27:31Speaker 2: Vincent, appreciate your time, Vincent meca any a UK europe correspondent.
- 27:34Speaker 2: Time is twelve away from six Bryan Bridge and you're
- 27:38Speaker 2: on News Talk CB. So we have movement, a lot
- 27:41Speaker 2: of movement overnight on this pea steal over Gaza in
- 27:44Speaker 2: the President announcing that in the next well next week,
- 27:47Speaker 2: the first few days of next week, we should have
- 27:50Speaker 2: hostages being released.
- 27:51Speaker 10: We are getting the houstages back on on Tuesday, Monday
- 27:57Speaker 10: or Tuesday, and that'll be a day of joy. I'm
- 28:00Speaker 10: gonna try and make a trip over. We're gonna try
- 28:03Speaker 10: and get over there.
- 28:03Speaker 2: It's all hepning in phases. David Smith is Washington bureau
- 28:06Speaker 2: chief for The Guardian with us this morning. David, So
- 28:10Speaker 2: this is quite a momentous moment, but still a lot
- 28:13Speaker 2: of water to go under the bridge.
- 28:16Speaker 16: Yes, that's right. I think we have learned from past
- 28:18Speaker 16: experience to always treat these announcements with caution, and not
- 28:24Speaker 16: every breakthrough is what it appears. But I think it
- 28:27Speaker 16: would be fair to say this is by far the
- 28:30Speaker 16: closest we've come to an end to this war. And
- 28:33Speaker 16: it's not just Donald Trump saying that that, Israel and
- 28:36Speaker 16: Hamas indicating that's the case, and certainly some signs of
- 28:41Speaker 16: tremendous relief on the ground that this could at least
- 28:44Speaker 16: be the beginning of the end. And I think, you know,
- 28:47Speaker 16: I guess everyone will feel more certain about that if indeed,
- 28:50Speaker 16: as Trump says, hostages are returned on Monday or Tuesday,
- 28:56Speaker 16: and if Israel agrees to you know, stop its well,
- 29:03Speaker 16: movie its sources back to the to the agreed line,
- 29:07Speaker 16: and we actually see a secession as hostilities.
- 29:10Speaker 2: And then you can start getting humanitarian aiden to the
- 29:13Speaker 2: Palestinians all that sort of stuff. What happens after that, Like,
- 29:17Speaker 2: what is phase two? Do we know?
- 29:21Speaker 16: Well? I think it's going to get more complicated. Of course,
- 29:26Speaker 16: after those headline breakthroughs, and there are still some purdles
- 29:33Speaker 16: to clear here, such as the disarmament of Hermas are
- 29:37Speaker 16: set out in that peace plan. It's not especially clear
- 29:41Speaker 16: how that will be conducted and whether all members of
- 29:44Speaker 16: harm As will agree. Even going further forward, maybe more
- 29:49Speaker 16: like sort of Phase two or four. Obviously one has
- 29:52Speaker 16: to look to the future governance of Gaza and clear
- 29:58Speaker 16: this plan suggest that the Hermus or the Palestinian authority
- 30:01Speaker 16: should play any part in that. And I think something
- 30:05Speaker 16: to watch is what is Donald Trump's commitment to all
- 30:11Speaker 16: of that. The peace plans suggest there'll be some kind
- 30:13Speaker 16: of independent international oversight body shaired by Trump that will oversee,
- 30:24Speaker 16: you know, suffectively Phase two, three and four and so on.
- 30:27Speaker 16: But you know, from what we know about Trump, does
- 30:30Speaker 16: he have the staying power, the the the attention span. Frankly,
- 30:37Speaker 16: you know, after he's had an opportunity to declare victory
- 30:40Speaker 16: and get a great headline, he we know psychologically he's
- 30:44Speaker 16: the kind of person who does tend to then get
- 30:46Speaker 16: distracted and move on to a thousand other issues. But
- 30:52Speaker 16: that said, you know there's a team of Steve Wikoff,
- 30:54Speaker 16: Special Envoy, Jared Kushner, his some in law, others who
- 30:59Speaker 16: maybe added terms follow through on this, and of course
- 31:04Speaker 16: it's all been backed up by international partners such as
- 31:06Speaker 16: Turkey and Catians on.
- 31:09Speaker 2: David appreciate that analysis, this wanting David Smith, Washington Bureau
- 31:12Speaker 2: chief for The Guardian. You're on News Talk seb It's
- 31:15Speaker 2: eight to six.
- 31:17Speaker 1: On your radio and online on iHeartRadio Early Edition with
- 31:21Speaker 1: Ryan Bridge and Are the Supercenter explore r v's accessories
- 31:26Speaker 1: and servicing.
- 31:27Speaker 2: Paul in One News Talks B. It's the six on
- 31:29Speaker 2: News Talk s B. David Seymour's crackdown on truants and
- 31:32Speaker 2: the hardcore ones who never turn up to class. The
- 31:36Speaker 2: Ministry of Educations come out and said that they are
- 31:38Speaker 2: considering prosecutions because you can get thirty dollars a day fine,
- 31:42Speaker 2: you can get three hundred bucks for your first offense,
- 31:45Speaker 2: and most your pays three thousand. Anyway, they haven't actually
- 31:47Speaker 2: taken anyone through the courts yet, but they've threatened to
- 31:50Speaker 2: do it, and the operations lead for the Ministry Sewn Teddy.
- 31:55Speaker 2: He says there have already been cases where the deterrent
- 31:58Speaker 2: effect of a potential prosecutor has resulted in children being
- 32:02Speaker 2: re enrolled and attending school. So the big stick, apparently,
- 32:06Speaker 2: at least in some cases, seems to be working. Five
- 32:09Speaker 2: to six and Bread, Bread, Mike's in the studio now morning, Mike. Good,
- 32:13Speaker 2: So you got much hope for this peace plan?
- 32:15Speaker 7: No, because the only reason we've got a peace plan
- 32:18Speaker 7: is because all the other piece plans have failed, and
- 32:22Speaker 7: this one will fail as well. I was watching an
- 32:24Speaker 7: interview yesterday with the bloke who was involved one of
- 32:26Speaker 7: the last twenty fourteen, So you're going back at least
- 32:29Speaker 7: a decade.
- 32:29Speaker 2: For that one.
- 32:30Speaker 7: And one of the things that they got tripped up
- 32:32Speaker 7: on last time was the withdrawal line, which is the
- 32:35Speaker 7: same as this time. They've got a withdrawal line and
- 32:37Speaker 7: no one could quite work out where it was, and
- 32:39Speaker 7: so some Palestinians came along and saw some Israeli soldiers
- 32:42Speaker 7: and shot them, and the Israelis didn't like that, and
- 32:44Speaker 7: so that was the end of the peace.
- 32:45Speaker 2: And then it all kicks. And that's how it works.
- 32:47Speaker 2: It's a yellow line, they're calling it, which is fifty
- 32:49Speaker 2: three percent of the territory that currently the Israelis hole any.
- 32:53Speaker 7: Color they want, and you know what drives this is
- 32:57Speaker 7: hate and none of that disappears. So unfortunately, is as
- 33:01Speaker 7: good as this appears to be for now, it's not
- 33:03Speaker 7: going to last. It never has last. I mean, you know,
- 33:06Speaker 7: think about if it lasts for how long? For six months,
- 33:09Speaker 7: a year, ten years, twenty years, ten years.
- 33:11Speaker 2: Back on again, Hey, is there a bubble? Are you
- 33:13Speaker 2: worried about the bubble.
- 33:14Speaker 7: I raised this the other day. I raised this several
- 33:16Speaker 7: days ago. There are several bubbles going on. And the
- 33:20Speaker 7: guy at JP Morgan Diamond was commenting this morning, and
- 33:23Speaker 7: the head of the bank in England yesterday says, there's
- 33:25Speaker 7: no quiz.
- 33:26Speaker 2: There's two bubbles.
- 33:26Speaker 7: One there's the market bubble, the general marketing.
- 33:28Speaker 2: Bubble, and then the AI.
- 33:30Speaker 7: But there's the AI bubble. Both the bubbles. There's no
- 33:32Speaker 7: question their bubbles and they're going to go pop. The
- 33:34Speaker 7: only upside if you want something a little bit optimistic,
- 33:37Speaker 7: is the AI bubble is driven. I was reading and
- 33:40Speaker 7: this makes sense by companies that have so much money
- 33:44Speaker 7: it doesn't really matter. So when it pops, which it will,
- 33:47Speaker 7: they've got the wherewithal to carry the loss without us
- 33:50Speaker 7: all going oh my god, it's the end.
- 33:51Speaker 2: It won't bring.
- 33:52Speaker 7: It won't be like It's not like the dot com
- 33:54Speaker 7: where it's all super leverage to a point where people
- 33:56Speaker 7: have no money to back it up.
- 33:58Speaker 2: Hey, have a nice show, Mike, I am. I intend
- 34:01Speaker 2: to run.
- 34:01Speaker 7: I don't get up at two thirty in the morning,
- 34:03Speaker 7: have a bad show, Have a fantastic day.
- 34:04Speaker 2: Everybody else, see you Monday.
- 34:10Speaker 1: For more from Early Edition with Ryan Bridge, listen live
- 34:13Speaker 1: to News Talks at B from five am weekdays, or
- 34:16Speaker 1: follow the podcast on iHeartRadio