Latest / Early Edition with Ryan Bridge / Full Show Podcast: 21 May 2026
Transcript
- 0:00Speaker 1: The issues, the interviews and the insight. Ryan Bridge on
- 0:05Speaker 1: an early edition with Spark for business technology that keeps
- 0:08Speaker 1: business moving, news talks.
- 0:10Speaker 2: There'd be good morning. It is Thursday, six after five
- 0:13Speaker 2: break to have your company. Mark Mitchell on these prison
- 0:15Speaker 2: guards that have been arrested shortly Mitch mccanna's stateside for
- 0:18Speaker 2: US Cuba looks like it could be kicking off. Biggest
- 0:20Speaker 2: company in the world reports its results today. I will
- 0:23Speaker 2: tell you how you can make a bunch of money.
- 0:25Speaker 2: Don't trust my advice and the EMA on jobs, the agenda.
- 0:30Speaker 2: It is Thursday, the twenty first of May. Posin and
- 0:32Speaker 2: She meeting in Beijing, making out like it's Trump that
- 0:35Speaker 2: is the crazy one.
- 0:36Speaker 3: Not Then bungeeshes what.
- 0:39Speaker 4: The world today is far from peaceful, with unilateralism and
- 0:44Speaker 4: Jeminism causing profound dangers.
- 0:48Speaker 5: You could pay pretty view Russia and China for an
- 0:50Speaker 5: important stabilizing rule on the world stage.
- 0:53Speaker 2: Okay do they now? Let's go to the UK. Star
- 0:56Speaker 2: has done two things on oil. One take a leaf
- 0:58Speaker 2: out of Nichola Willis's and cancel a planned fuel tax hike. Good,
- 1:03Speaker 2: but he's also lifting sanctions on wait for it, Russia
- 1:06Speaker 2: to make sure they don't run out.
- 1:08Speaker 6: He is now choosing to buy dirty Russian oil that
- 1:12Speaker 6: money will be used to fund the killing of Ukrainian soldiers,
- 1:18Speaker 6: isn't he ashamed?
- 1:23Speaker 7: I really think that to misunderstand and misrepresent for this happening.
- 1:28Speaker 1: Really, this is a very serious issue.
- 1:30Speaker 2: And I thought it not untrue? Is that a bowl
- 1:32Speaker 2: rumbles onto the Congo no vaccine doubly.
- 1:35Speaker 8: Joe assays the risk of the epidemic as the high
- 1:39Speaker 8: at the national and regional liberls and law At the
- 1:43Speaker 8: Global LIBYL there are almost six hundred suspected cases in
- 1:47Speaker 8: one hundred and fifty nine suspected this We expect those
- 1:51Speaker 8: numbers to keep increasing.
- 1:53Speaker 2: Now Arsenal have taken home in the Premier League Cup
- 1:55Speaker 2: for the first time in twenty two years. Are they excited?
- 2:04Speaker 2: Yes they are, and there are street parade scheduled for
- 2:07Speaker 2: next week.
- 2:10Speaker 1: The news you need this morning and the in depth
- 2:13Speaker 1: analysis this early edition with Ryan Bridge and Spark for
- 2:17Speaker 1: Business Technology that keeps business moving.
- 2:20Speaker 2: US TALKSB. Who TALKSB? It is eight minutes after five.
- 2:23Speaker 2: Great to have your company. Nine two ninety two is
- 2:25Speaker 2: the number to text. Always love to hear from you.
- 2:27Speaker 2: We will speak to the EMA. On the jobs numbers,
- 2:29Speaker 2: there are more positive signs and even though what's happening
- 2:33Speaker 2: over in the Middle East has been affecting confidence here,
- 2:36Speaker 2: the jobs numbers month to month are still looking pretty
- 2:39Speaker 2: good all things considered. Now the bond sell off, we've
- 2:43Speaker 2: been talking about this yesterday. They've taken a brid of
- 2:45Speaker 2: a bit of a breather from the bond sell off.
- 2:48Speaker 2: At the moment, Nasdaq is up overnight. Of course, in
- 2:51Speaker 2: Nvidia is going to be reporting their earnings. That'll be
- 2:54Speaker 2: a big deal. That's just after the closing bell, so
- 2:57Speaker 2: that it will be about eight thirty this morning our time.
- 3:00Speaker 2: So the yields on government bonds in the US, Germany
- 3:03Speaker 2: and Japan have all come down ever so slightly. They're
- 3:06Speaker 2: still high, but ever so slightly. The bonds that have
- 3:09Speaker 2: been sold off across the board in the last couple
- 3:11Speaker 2: of days. Basically they're worried about inflation, and if inflation
- 3:15Speaker 2: ticks up, the central banks will do the interest rates.
- 3:18Speaker 2: That affects the yields. Right by the way, Brent crude
- 3:22Speaker 2: has come down in three percent because a couple of
- 3:26Speaker 2: tankers got through the Strait, two Chinese, one South Korean
- 3:29Speaker 2: they reckon. That's possibly good news. But what I found
- 3:32Speaker 2: interesting overnight. The most interesting thing about this whole oil
- 3:35Speaker 2: situation is that not that you will run out of
- 3:37Speaker 2: petrol or that you will run out of diesel. Sure,
- 3:39Speaker 2: it costs you a bunch more. It costs us a
- 3:41Speaker 2: bunch more when we fill up. But motor oil, you know,
- 3:44Speaker 2: changing your oil in your car. You don't do it
- 3:46Speaker 2: that often, but when you do do it, it's quite important.
- 3:49Speaker 2: You know, things sort of seizes up and falls over
- 3:52Speaker 2: if it doesn't work well. They're kind of ringing their
- 3:55Speaker 2: alarm bells. This is out of America. We're looking at shortages,
- 3:58Speaker 2: says the Independent Loopt Manufacturers Association of America. Never thought
- 4:04Speaker 2: I'd say that those words together are so quickly. We're
- 4:07Speaker 2: looking at shortages. I have no doubt in my mind
- 4:10Speaker 2: it could take a year or so before we see
- 4:13Speaker 2: any relief. So in a normal year, motor oil producers
- 4:16Speaker 2: will put their prices up, but they'll do it sort
- 4:18Speaker 2: of seventy to eighty cents a gallon over there in
- 4:21Speaker 2: the US already this year up five dollars a gallon,
- 4:25Speaker 2: so very expensive already, and they are now worried that
- 4:28Speaker 2: actually they might run out altogether. And then if the
- 4:31Speaker 2: motor oil runs out, then what and Rod was emailing
- 4:34Speaker 2: me about this morning. Good morning, Rod, I know you'll
- 4:36Speaker 2: be listening emailing me about this this morning. What then
- 4:39Speaker 2: all the cars just seize up and just stop working,
- 4:42Speaker 2: don't they? Eleven minutes after five Ryan your news Talks
- 4:46Speaker 2: there B, we will talk to the EMA about the jobs.
- 4:49Speaker 2: I'll give you my little hot tips on Nvidio. They're
- 4:51Speaker 2: reporting today, but we'll do Beef and lamb next.
- 4:55Speaker 1: Get ahead of the headlines on early edition with Ryan
- 5:00Speaker 1: Bridge and Spuck for business Technology that keeps business moving
- 5:04Speaker 1: News talk 'B.
- 5:05Speaker 2: Five thirteen News Talks said, be so the message to
- 5:09Speaker 2: Trump's supporters and to the message from the MAGA base
- 5:13Speaker 2: via Trump really is don't mess with him. Primaries have
- 5:16Speaker 2: been taking place. Thomas Massey is basically another victim of
- 5:21Speaker 2: Trump's utu. This is a Kentucky congressman lost his primary
- 5:27Speaker 2: and the Trump backed candidate has taken it out. Last
- 5:30Speaker 2: week we had Bill Cassidy, he was a Senator from Louisiana.
- 5:34Speaker 2: He also lost his primary. Basically, they were talking speaking
- 5:37Speaker 2: out against Trump on the War, speaking out against Trump
- 5:40Speaker 2: on Epstein Trump says, you guys are traitors. I am
- 5:44Speaker 2: going to exact revenge. And he has done it, and
- 5:47Speaker 2: the other guy's won, and the other guy is a
- 5:52Speaker 2: yes man. That's the most important thing we need to
- 5:54Speaker 2: know about him.
- 5:55Speaker 6: I won't thank President Trump.
- 6:00Speaker 2: Who's head to watch Smith? Here you go, five pin fourteen,
- 6:04Speaker 2: Ryan Bridge, She's talks there being your research from Beef
- 6:06Speaker 2: and Lamb says we need more incentives for farmers rather
- 6:10Speaker 2: than charging them for emissions. This is to wean them off.
- 6:13Speaker 2: They say. Most markets outside of New Zealand offer incentives
- 6:16Speaker 2: for adopting technology and processes. Kadak and Beef and Lamb
- 6:20Speaker 2: New Zealand chair with us this morning. Good morning, kay, morning, right,
- 6:23Speaker 2: So are you not actually asking for subsidies and incentives here?
- 6:27Speaker 2: Are you?
- 6:28Speaker 9: No?
- 6:28Speaker 10: Look what this report does is it looks at what's
- 6:31Speaker 10: happening in climate change policy with regard to agricultural emissions
- 6:35Speaker 10: across the world. And that's really important because we sell
- 6:38Speaker 10: on a global stage and as you know, recently our
- 6:41Speaker 10: methane targets have been revised and taking we took pricing
- 6:46Speaker 10: of agricultural emissions off the table, and you know that
- 6:49Speaker 10: might have felt like a bit of a backward step,
- 6:51Speaker 10: but actually that just puts us right in line with
- 6:53Speaker 10: what the rest of the world's doing, and that's a
- 6:55Speaker 10: really important thing.
- 6:56Speaker 2: So we have a twenty to fifty target, but we
- 6:58Speaker 2: have no steps to get there, right.
- 7:02Speaker 10: Most of the rest of the world doesn't have agricultural
- 7:05Speaker 10: specific targets. And you know what this also showed is
- 7:09Speaker 10: that internationally, a lot of most countries are looking at
- 7:13Speaker 10: subsidizing their farmers to reach any or you know, incentivizing
- 7:17Speaker 10: their farmers to reach any reduction. Then one's not doing that,
- 7:22Speaker 10: and we're not necessarily calling for that, but we're just
- 7:25Speaker 10: saying that we need to have an eye on what
- 7:26Speaker 10: the rest of the world's doing, and we need to
- 7:28Speaker 10: be smarter and refocus on reduction through efficiency, efficiency gains,
- 7:32Speaker 10: or addressing things like fossil fy ell emissions where we've
- 7:35Speaker 10: actually got the technology to do it easily.
- 7:37Speaker 2: Kate. I know what the climate people are going to
- 7:39Speaker 2: say to you, Kate. They're going to say, well, the
- 7:42Speaker 2: agriculture and missions and using to make up more of
- 7:45Speaker 2: our greenhouse gases like half as opposed to the Aussies
- 7:49Speaker 2: who you've mentioned in this report are on eighteen percent.
- 7:53Speaker 10: Yeah, look, I mean absolutely acknowledge that and acknowledge that
- 7:56Speaker 10: we've all got a role to play. But you know,
- 7:58Speaker 10: as I said, there's there are a listing technologies and
- 8:01Speaker 10: ways to address things like fossil fy on emissions, and
- 8:04Speaker 10: we should focus on that and look while we sort
- 8:08Speaker 10: of play catch up and find out what we in
- 8:10Speaker 10: the agriculture space. But look, as I said before, we
- 8:14Speaker 10: compete globally, we sell our products globally. We've got to
- 8:17Speaker 10: have an eye to what the rest of the world
- 8:19Speaker 10: is doing about emissions from food production. And we can't
- 8:22Speaker 10: lose sight of the fact that actually we are a
- 8:25Speaker 10: food producing nation.
- 8:27Speaker 2: Kain Eckland Beef and Land, New Zealand share good TV
- 8:29Speaker 2: on the show this morning sixteen after five. You know,
- 8:33Speaker 2: the murdochs Hare's a great Netflix stocko on at the
- 8:36Speaker 2: moment about the Murdoch family and I highly encourage you
- 8:38Speaker 2: to go and watch it because it's all about the
- 8:40Speaker 2: settlement and which they've now had. So James Murdoch and
- 8:43Speaker 2: the siblings got about one billion each and the control
- 8:48Speaker 2: of the empire was handed over to the elders to Lachlin. Anyway,
- 8:52Speaker 2: one of the younger ones, James has gone ahead and
- 8:56Speaker 2: spent some of his inheritance. Three hundred million dollars is
- 8:59Speaker 2: by some Vox Media assets, including the New York magazine
- 9:03Speaker 2: which his dad once owned. And it's interesting he says here,
- 9:07Speaker 2: I am not going to acquire a daily news business.
- 9:10Speaker 2: I want longer form, thoughtful journalism that can speak to
- 9:14Speaker 2: the culture. So three hundred million dollars, basically that's half
- 9:18Speaker 2: of Vox's assets, including some of those magazines like the
- 9:21Speaker 2: ones that dad used to own. Seventeen Minutes After five
- 9:24Speaker 2: Jobs from Seat Next.
- 9:27Speaker 1: On Your Radio and online on iHeartRadio, Belly Edition with
- 9:31Speaker 1: Ryan Bridge, and Spark for Business Technology that keeps business
- 9:35Speaker 1: moving News Talk ZB five twenty.
- 9:37Speaker 2: So we have a by election date. It is June
- 9:40Speaker 2: eighteenth for make Field. This is the one that will
- 9:42Speaker 2: get Burnham into Parliament so he can then challenge for
- 9:44Speaker 2: the leadership with Streeting. On the other hand, he is
- 9:47Speaker 2: the arguably right contender in the Labor Party. He's talking
- 9:52Speaker 2: about nationalism, trying to take it to reform.
- 9:54Speaker 4: I left the government because we are in the fight
- 9:57Speaker 4: of our lives against nationalism and it is a fight
- 10:00Speaker 4: that we are currently losing. A reminder that a bigger
- 10:04Speaker 4: and better politics is possible when people have courage. That
- 10:09Speaker 4: is why we must reject the politics that tries for
- 10:12Speaker 4: divide us, whether it's dividing the countries of the United
- 10:15Speaker 4: Kingdom or the people who call Britain their.
- 10:18Speaker 2: Home and blah blah blah. Practically no one listening. Brian
- 10:23Speaker 2: Bridge seek employment data out today. This is job adds April.
- 10:27Speaker 2: Job ads up zero point eight percent month on month,
- 10:30Speaker 2: thirteen percent year on year. Number of applicants per job
- 10:33Speaker 2: down slightly one point six percent from March to April.
- 10:36Speaker 2: Ellen McDonald m a head of advocacy and strategy, is
- 10:39Speaker 2: with us this morning. Ellen, Good morning morning. Right, So
- 10:43Speaker 2: do we take these with a grain of salt given
- 10:44Speaker 2: how the sort of low base we've been coming off.
- 10:48Speaker 9: Well, I think it's slightly encouraging that the number of
- 10:51Speaker 9: edges up. But I looked at that year on year figure,
- 10:55Speaker 9: which is over thirteen percent, and I thought, well, let's
- 10:57Speaker 9: have a look at last year. So April one, last
- 10:59Speaker 9: year year, and it doesn't seem like a year ago.
- 11:02Speaker 9: But that was when mister Trump announced as tariffs. That
- 11:06Speaker 9: was the big day for that, and unemployment was at
- 11:10Speaker 9: five point one. It's at five point four now and
- 11:14Speaker 9: business confidence dropped about ten points in that month, So yeah,
- 11:19Speaker 9: a month if you look at that year on year
- 11:21Speaker 9: for April last year was a pretty rugged year, although
- 11:24Speaker 9: April this year is not a heck a lot better
- 11:26Speaker 9: given that we're in that fuel crisis as well, so
- 11:29Speaker 9: it's slightly encouraging. I guess that those job numbers have
- 11:32Speaker 9: held up a bit.
- 11:33Speaker 2: Yeah. My sense is that businesses are kind of getting
- 11:35Speaker 2: used to the knocks, and you know, if you sat
- 11:39Speaker 2: around and waited all day for a perfect condition to
- 11:42Speaker 2: hire somebody, you'd probably actually never hire anyone at the moment.
- 11:46Speaker 9: I think that's been the case for a little while. So,
- 11:50Speaker 9: but don't forget too that there was some prettig encouraging
- 11:53Speaker 9: and pretty strong signs pre the fuel crisis. This is
- 11:57Speaker 9: just the latest knock and some of those sectors in
- 12:00Speaker 9: the air, you know, they were going quite strongly, and
- 12:04Speaker 9: our exports set still is going strongly, So there's some
- 12:09Speaker 9: underpinning things I think holding those numbers up.
- 12:12Speaker 2: What about AI. This mentions that we've at a doubling
- 12:14Speaker 2: and the mentioning of AI and job ads. Are we
- 12:17Speaker 2: embracing it in the way that we should be? Are
- 12:20Speaker 2: we training the kids to use it in the way
- 12:22Speaker 2: that they should be so they can come into new jobs.
- 12:25Speaker 9: I think AI. It's not a surprise AI is developing
- 12:29Speaker 9: so rapidly. I think the biggest problem is, or the
- 12:32Speaker 9: biggest issue facing businesses is because it's moving so fast,
- 12:36Speaker 9: how do they actually get their heads around it and
- 12:38Speaker 9: then apply it to their businesses. Some of the changes
- 12:42Speaker 9: we're seeing and just the ability of AI. It's talking
- 12:46Speaker 9: to a group of people who specialize in this stuff,
- 12:47Speaker 9: and there's an international test that was developed by one
- 12:51Speaker 9: hundred and fifty PhDs an area specialists. It's twenty five
- 12:54Speaker 9: hundred questions. Nine months ago, a human being was answering
- 12:58Speaker 9: one percent of those questions and AI was answering one
- 13:02Speaker 9: point seven That number now for AI is nearly seventy percent.
- 13:07Speaker 9: That's the strides that it's making and teaching itself. So
- 13:11Speaker 9: how you apply some of that to your business is
- 13:12Speaker 9: the issue.
- 13:13Speaker 2: Allen job Ads, you mentioned we were down in the
- 13:16Speaker 2: dumps last April. Yes, we're up thirteen percent. When do
- 13:20Speaker 2: you think we're going to see hiring sprees happening?
- 13:25Speaker 4: No?
- 13:25Speaker 9: I don't think we'll see a hiring spree ryot. I
- 13:28Speaker 9: think once we get some kind of final resolution out
- 13:32Speaker 9: of the straits of formos in Iran. Well, if we
- 13:35Speaker 9: are going to get one of those, then I think
- 13:37Speaker 9: you'll see some incremental growth. It won't be a hockey stick,
- 13:42Speaker 9: but you know, we're all looking for some steadiness and
- 13:47Speaker 9: some stability in the setting so that we can start
- 13:50Speaker 9: getting on with some things. But it is encouraging that
- 13:53Speaker 9: that data is holding up a little bit in terms
- 13:56Speaker 9: of hiring.
- 13:57Speaker 2: Ellen good stuff, Allen McDonald's Employees Manufactures Association, twenty four
- 14:01Speaker 2: minutes after five Ryan bred This week in Las Vegas.
- 14:04Speaker 2: It's Memorial Day weekend in the United States. Forty athletes
- 14:08Speaker 2: taking part in not the Olympics, not the Commonwealth Games,
- 14:11Speaker 2: but the Enhanced Games. This is where everyone's on drugs.
- 14:14Speaker 2: Well not everyone. Actually you don't have to be. You
- 14:16Speaker 2: can decide whether you're on performance enhancing drugs or not.
- 14:20Speaker 2: But the prize pool I was reading about this morning.
- 14:22Speaker 2: By the way, if you want to be involved with
- 14:24Speaker 2: World Aquatics, they've got a new rule that says anyone
- 14:28Speaker 2: involved with World Aquatics or who wants to be involved
- 14:30Speaker 2: with World Aquatics can have nothing to do with the
- 14:33Speaker 2: Enhanced Games because they don't want it all to be tainted.
- 14:36Speaker 2: But the prize pool total prize pool, forty athletes, twenty
- 14:39Speaker 2: five million dollars is up for grabs. For every sprint
- 14:42Speaker 2: world record over fifty meter freestyle in the pool and
- 14:46Speaker 2: one hundred meters sprint on the track, one million dollars
- 14:50Speaker 2: is your prize. Winners of each event get two hundred
- 14:53Speaker 2: and fifty thousand dollars, So not bad. Twenty five after five,
- 14:56Speaker 2: more on AI jobs. Next the Early.
- 14:59Speaker 1: Edition Show podcast on IHARM Radio powered by.
- 15:03Speaker 2: Newstalksb NEWSB twenty seven after five, The AI and robot
- 15:09Speaker 2: takeover thing isn't coming. It's actually here, well sort of here.
- 15:13Speaker 2: Bunch of stats and data coming out on this at
- 15:15Speaker 2: the moment. So six job ads mentioning AI doubled in
- 15:18Speaker 2: the past year, up four point one percent month to month.
- 15:21Speaker 2: Nikola Willis, you would have heard this yesterday, reckons that
- 15:24Speaker 2: AI is going to help shave nine thousand jobs off
- 15:27Speaker 2: the public service in the next four years. Meta Facebook,
- 15:30Speaker 2: they have this morning started firing ten percent of their workforce,
- 15:33Speaker 2: around eight thousand workers in the first round, to make
- 15:36Speaker 2: way for you guessed it. AI. The workers are so
- 15:40Speaker 2: brassed off about this. A bunch of them are actually
- 15:42Speaker 2: signing petitions demanding that Zuckerberg not collect their computer use data.
- 15:47Speaker 2: So anything they're doing on their laptops, on their work
- 15:49Speaker 2: laptops has been collected. That data is being used to
- 15:53Speaker 2: train the AI models that will replace them. Their work
- 15:57Speaker 2: is basically being copy pasted into a bot that will
- 16:00Speaker 2: get rid of them. So a petition, let's be real,
- 16:03Speaker 2: not going to stop this. Nothing will stop business becoming
- 16:06Speaker 2: more efficient. It's what business does. Resistance is in this
- 16:09Speaker 2: case futile. In some cases, the new technology is being
- 16:13Speaker 2: used to plug gaps rather than create them, which is
- 16:16Speaker 2: an interesting irony of all of this. The new workforce,
- 16:20Speaker 2: which is not human but technology. It works and cuts
- 16:24Speaker 2: both ways. Take China for example. Their problem is not
- 16:27Speaker 2: a shortage of jobs, but of workers. The aging population
- 16:30Speaker 2: and lack of babies is about to hurt their factories.
- 16:33Speaker 2: They're going to lose thirty seven million workers in the
- 16:36Speaker 2: next ten years. That they need that is a few
- 16:39Speaker 2: holes to fill in some mega factories, enter humanoid robots,
- 16:45Speaker 2: robots that sort of act like US. Barclays, the British
- 16:48Speaker 2: Bank reckons sixty percent of those jobs will be performed
- 16:52Speaker 2: by humanoid robots inside the next ten years. Just imagine that. Basically,
- 16:58Speaker 2: there is more charm that your next new colleague will
- 17:02Speaker 2: be a bot or an AI tool, more chance than
- 17:05Speaker 2: ever before. So you either learn to get along and
- 17:07Speaker 2: play nice with them, or they will replace you. Ryan Bridge,
- 17:11Speaker 2: News TALKSB twenty nine minutes after five, we'll do a
- 17:15Speaker 2: little share market update. I'll give you my n video advice.
- 17:18Speaker 2: It's not great advice, Well I'll share it with you anyway.
- 17:23Speaker 2: All of that is coming on News TALKSZB and Mitch
- 17:25Speaker 2: McCann is state side.
- 17:30Speaker 1: Before the news breaks. Here it first, Ryan Bridge on
- 17:34Speaker 1: early edition with Spark for business technology that keeps business moving.
- 17:39Speaker 2: News Talks EDB twenty four away from six. News Talks
- 17:46Speaker 2: VB coming up. Mark Mitchell on these fourteen prison guards
- 17:49Speaker 2: the corrections Folk allegedly on the take. Also, Mitch mccannon
- 17:53Speaker 2: state sided for us out of the Big Apple this
- 17:54Speaker 2: morning now in video, world's biggest company by market capitalization.
- 17:58Speaker 2: So it's worth more more than five trillion dollars. How
- 18:02Speaker 2: much is five trillion dollars? Honestly, I have no idea.
- 18:05Speaker 2: It just sounds like a lot of money, doesn't it.
- 18:07Speaker 2: The CEO he's worth about one hundred and eighty billion
- 18:10Speaker 2: dollars last So they're releasing their quarterly results today. And
- 18:13Speaker 2: the interesting thing about when they release their quarterly results
- 18:16Speaker 2: is what happens to their share price. So people try
- 18:18Speaker 2: and play the market, which is there are upsides, there
- 18:23Speaker 2: are downsides, And if you look at the average of
- 18:24Speaker 2: the last five years, it has averaged a gain of
- 18:28Speaker 2: two point six percent the day after the earnings. So
- 18:31Speaker 2: the bell goes at around well just after eight this morning,
- 18:34Speaker 2: and then the results come out after that, so your
- 18:38Speaker 2: average is two point six percent gain. But then if
- 18:42Speaker 2: you look at the stock move in either direction as
- 18:45Speaker 2: high as or as low as six point three percent
- 18:47Speaker 2: the day after earnings. The last time they announced results,
- 18:51Speaker 2: their earnings for the last three quarters were positive. They
- 18:55Speaker 2: were beating the analyst forecast, but the stock fell five
- 18:58Speaker 2: and a half percent. Now, why does the stop fall
- 19:01Speaker 2: five and a half percent when the result is better
- 19:03Speaker 2: than what the analyst thought it was going to be
- 19:05Speaker 2: Because the hype was so big. They had overhyped themselves
- 19:10Speaker 2: on the stock market to the point where even though
- 19:12Speaker 2: the results were positive and better, the stock price fell.
- 19:17Speaker 2: Graham Bread twenty two minutes away from Sex let's go
- 19:19Speaker 2: to Callum and Dunedin. Callum, good morning, good morning, right,
- 19:24Speaker 2: what's going on? The coroner recommending after a girl's death
- 19:27Speaker 2: for injecting painkillers.
- 19:30Speaker 3: Yeah, the corony isn't urging people to take medications only
- 19:34Speaker 3: as directed. After this young woman in Dunedin died from
- 19:38Speaker 3: diluting painkillers and injecting them into her bloodstream winter. Heral
- 19:43Speaker 3: became short of bread at his South to need and
- 19:45Speaker 3: home back in December twenty twenty one and couldn't be revived.
- 19:50Speaker 3: The twenty year old was using tramadol for long standing
- 19:53Speaker 3: health issues and had started injecting the medication forty eight
- 19:57Speaker 3: hours before her death. The curenty here, Marianne Borridale, says
- 20:00Speaker 3: Heral's death is a misadventure fighting Her actions were deliberate,
- 20:05Speaker 3: but the outcome accidental. She says it's extremely dangerous to
- 20:08Speaker 3: inject any track not intended for that use, and clinical
- 20:12Speaker 3: advice that should have been sought.
- 20:14Speaker 2: Oh that's awful. How's your weather?
- 20:17Speaker 3: But o rain here this morning, but then clearing again
- 20:19Speaker 3: this afternoon. A strong northerly turned cell. We're sixteen the
- 20:22Speaker 3: high today.
- 20:22Speaker 2: Thanks Callum. Right, Claire is in Christians this morning. Good morning, Claire,
- 20:26Speaker 2: good morning. How's the council helping adults get back on bikes?
- 20:30Speaker 11: Well, I've actually changed my story on you this morning, Ryan,
- 20:33Speaker 11: I'm swopping to give you an update from Wideo up
- 20:36Speaker 11: Blenham Way. This is this tragic story. This is the
- 20:39Speaker 11: one where an infant was found dead on the roadside
- 20:42Speaker 11: in Blenham Now. Police were called to Wido Bar Road
- 20:44Speaker 11: on Tuesday afternoon and a scene guard was immediately put
- 20:48Speaker 11: in place. In the newsroom, we knew something must have
- 20:50Speaker 11: been unusual about this death, but the details have been
- 20:53Speaker 11: slow to come to hand. We knew it was a
- 20:55Speaker 11: sudden death, but it's now been revealed that police were
- 20:58Speaker 11: actually called to the scene near the Iido River by
- 21:01Speaker 11: a machinery operator who had discovered the body of a baby.
- 21:04Speaker 11: Now Airing A Commander Inspector Simon Felton says officers are
- 21:08Speaker 11: continuing to investigate how the baby came to be there.
- 21:11Speaker 11: He says they are extremely concerned for the welfare of
- 21:14Speaker 11: the infant's family, particularly the infant's mother, and would like
- 21:18Speaker 11: to speak to them as soon as possible in order
- 21:20Speaker 11: to ensure they're receiving any support they need local ewe
- 21:23Speaker 11: at Angitane or Wido has put a vahui in place
- 21:27Speaker 11: at the river until.
- 21:28Speaker 12: For the notice.
- 21:28Speaker 2: Very sad story. Indeed, hey, I was a little disappointed.
- 21:31Speaker 2: You're not talking about the bikes. Spending fifteen thousand dollars
- 21:35Speaker 2: to teach adults.
- 21:36Speaker 11: Can't tell you that as well. Yes, what they've up
- 21:39Speaker 11: to the budget. This is a program that's been running
- 21:41Speaker 11: for fifteen years for Christ. You're a city council to
- 21:43Speaker 11: teach adults how to ride a bike. They're putting another
- 21:45Speaker 11: fifteen grand towards it because of the price of fuel.
- 21:49Speaker 11: But you do have to be able to sort of
- 21:51Speaker 11: stay on two wheels before you're allowed in the program,
- 21:54Speaker 11: so it's not for absolute beginners.
- 21:56Speaker 2: The saying is literally as easy as riding a bike.
- 22:00Speaker 2: Say how's your weather for Christ?
- 22:03Speaker 11: Increasing high cloud, there is the chance of some showers,
- 22:05Speaker 11: a high of nineteen.
- 22:06Speaker 2: You enjoy. Thank you, Adam and Wellington morning, Adam morning.
- 22:09Speaker 2: The latest on Ray Chung?
- 22:11Speaker 12: Yeah, it just goes on, doesn't It gets more mysterious
- 22:13Speaker 12: as it goes on, I think too. Council at Chung
- 22:15Speaker 12: resigned as chair of a council's subcommittee earlier in the week.
- 22:19Speaker 12: Now it's understood as conduct towards a police officer is
- 22:21Speaker 12: in question from during Wellington's severe weather last month and
- 22:25Speaker 12: the search for a man who was swept away in
- 22:27Speaker 12: the floodwaters.
- 22:27Speaker 2: Now, Ray Chung.
- 22:29Speaker 12: Had previously said he was out searching because police went
- 22:32Speaker 12: searching themselves. Now the Herald reports Mayor Andrew Little heard
- 22:35Speaker 12: from police Inspector Dean Sylvester about Chung. The mayor considered
- 22:39Speaker 12: it to be a complaint. The police officers now saying yes,
- 22:42Speaker 12: he spoke to the Mayor but didn't make an official complaint.
- 22:45Speaker 12: So Andrew Little went to Ray Chung for a please
- 22:47Speaker 12: explain he drafted up a code of conduct for a ferral.
- 22:51Speaker 2: It all became a bit.
- 22:51Speaker 12: Complicated, though, when Chung decided to lawyer up Andrew Little
- 22:55Speaker 12: now refusing to clarify what's actually led to Chung stepping
- 22:58Speaker 12: down from this committee. Ray Chung himself as saying he's
- 23:01Speaker 12: not allowed to talk because he'd get in trouble with
- 23:04Speaker 12: both the mayor and his lawyer. So the mystery goes on.
- 23:06Speaker 2: Goodness, me, Adam, I have to say that any scandal
- 23:09Speaker 2: involving Rage Hung that doesn't mention the words pendulous breasts
- 23:12Speaker 2: is not as interesting as the last one. How's the weather?
- 23:15Speaker 12: Yeah, yeah, you're right fine with cloud morning and night
- 23:18Speaker 12: at a higher fifteen nice one.
- 23:20Speaker 2: Neva's in Auckland morning, Neva, good morning.
- 23:22Speaker 5: Everyone's in trouble.
- 23:23Speaker 2: Ah yeah, hey, well including vive Beck. Is she back
- 23:26Speaker 2: at work now or what's going on? Yes? Well this
- 23:29Speaker 2: is the latest.
- 23:29Speaker 5: So the Employment Relations authorities warning Heart of the city's
- 23:33Speaker 5: grounds for suspending vive Beck maybe too speculative, so the
- 23:38Speaker 5: authorities ruled that Beck was unjustifiably suspended as chief executive.
- 23:43Speaker 5: This is obviously of the Auckland Business Association. This happened
- 23:46Speaker 5: in late March. Beck is accused of overstepping her boundaries
- 23:50Speaker 5: during the appointment of its chair, but Authority member Nicola
- 23:54Speaker 5: Craig says, look, it appears at this suspension it was
- 23:57Speaker 5: enacted before it was even sided. What exactly those allegations were?
- 24:02Speaker 5: So yeah, just back there.
- 24:03Speaker 2: Really MESSI mess. How's our weather fine?
- 24:06Speaker 5: Apart from a few passing thats another great one for Aucland.
- 24:09Speaker 2: Can you believe it?
- 24:10Speaker 5: Twenty is the high and it's late May.
- 24:12Speaker 2: Brilliant. We will enjoy that, Neva. It is seventeen minutes
- 24:15Speaker 2: away from six year on news talks. There b we've
- 24:17Speaker 2: got a Mitch double headed coming your way, Mitch mccannon
- 24:19Speaker 2: stateside for US Mark Mitchell corrections next, there's no denying
- 24:24Speaker 2: it is that businesses right now are under a bit
- 24:27Speaker 2: of pressure. They're under the pump. Keeping up with the
- 24:28Speaker 2: current market takes real innovation, and that's why businesses are
- 24:32Speaker 2: getting ahead of the crowd and looking harder at technology
- 24:35Speaker 2: that genuinely improves how they operate. Because resilience doesn't just
- 24:38Speaker 2: happen overnight. It's something you have to work on, you
- 24:41Speaker 2: build it. And that's the conversation Spark is having with
- 24:44Speaker 2: their customers right now. Whether it's smarter connectivity, cloud solutions
- 24:49Speaker 2: that scale with you, unlocking the power of AI to
- 24:51Speaker 2: drive better decisions and productivity, Spark is helping businesses stay
- 24:55Speaker 2: ahead of the curve, which is exactly where you want
- 24:57Speaker 2: to be. They're not just selling tech, they're offering real
- 25:00Speaker 2: solutions and real support. It's about making your systems work
- 25:04Speaker 2: together so that your people, the ones that you value,
- 25:07Speaker 2: can focus on the day to day stuff, the stuff
- 25:10Speaker 2: that really matters. So if you're ready to take the
- 25:12Speaker 2: pressure off and move forward with confidence, talk to spark
- 25:16Speaker 2: for business. They'll help get you.
- 25:17Speaker 1: Sorted international correspondence with ends and eye insurance, peace of
- 25:22Speaker 1: mind for New Zealand business.
- 25:24Speaker 2: Well, let's go to the US. The Department of Justice
- 25:26Speaker 2: is holding a press conference as we speak about Castro,
- 25:29Speaker 2: the old one ninety four years old. There is a
- 25:31Speaker 2: prosecution happening. Mitch McCann is stateside for US much what's
- 25:35Speaker 2: happening here.
- 25:37Speaker 13: Yeah, good morning to you.
- 25:38Speaker 6: Ryan.
- 25:38Speaker 13: Look, the US has indicted Rachel Castro. He's the former
- 25:41Speaker 13: leader of Cuba. He's the brother of Adel Castro. And
- 25:44Speaker 13: this is in connection with Cuba shooting down a civilian
- 25:47Speaker 13: plane or two civilian plans actually more than thirty years ago.
- 25:50Speaker 13: But I think this is much more about, much more
- 25:54Speaker 13: than just that incident.
- 25:55Speaker 4: Ryan.
- 25:55Speaker 13: It's the administration's latest move against Cuba. This is a
- 25:58Speaker 13: country that America has, you know, is next after what
- 26:02Speaker 13: happened in Venezuela and Iran. And it's one that Donald
- 26:04Speaker 13: Trump said would be his honor to take.
- 26:07Speaker 6: Now.
- 26:07Speaker 13: Todd blanche, the Attorney General of the United States, is
- 26:10Speaker 13: discussing this now. But this is, as I say, much
- 26:13Speaker 13: more bigger than just an indictment against Raul Castro. This
- 26:16Speaker 13: is the next move from the US against Cuba.
- 26:18Speaker 2: Do you reckon? The Cuba thing is going to kick
- 26:20Speaker 2: off in the next week.
- 26:21Speaker 13: While match, Well, I think a lot of it's dependent
- 26:24Speaker 13: on the midterm elections, Ryan, I think they want to
- 26:26Speaker 13: get a run out of the way before they do this,
- 26:28Speaker 13: and if they lose the midterms, they're going to have
- 26:30Speaker 13: less ability to do that. So they may want to
- 26:32Speaker 13: act soon if they're going to, But I would imagine
- 26:35Speaker 13: that the American people would be very unhappy. There was
- 26:37Speaker 13: a new poll yesterday that showed sixty four percent of
- 26:40Speaker 13: Americans this is according to the New York Times, think
- 26:43Speaker 13: it was the wrong move from the US to attack Iran.
- 26:46Speaker 13: So they're not going to want another another conflict like
- 26:48Speaker 13: that soon after.
- 26:50Speaker 2: Now, speaking of the prime we've had a couple of
- 26:52Speaker 2: primaries and Trump's endorsements are doing very well. So you've
- 26:56Speaker 2: got to be on side with the boss.
- 26:58Speaker 13: Yeah, this is you know, he's a significant wins for
- 27:01Speaker 13: Donald Trump. He's not actually on the ballot himself, but
- 27:03Speaker 13: as we've discussed, Ryan, he's been endorsing Republican candidates to
- 27:06Speaker 13: run against members of his own party who have spoken
- 27:10Speaker 13: out against him. Now, the biggest win for Trump so
- 27:12Speaker 13: far was last night in Kentucky the Republican Thomas Massey.
- 27:16Speaker 13: He's been very outspoken against Trump in regard to the
- 27:18Speaker 13: Epstein files and the war in Iran. He was unseated
- 27:22Speaker 13: by a former Navy seal whom Donald Trump had endorsed.
- 27:24Speaker 13: So it shows us while his approval ratings are low,
- 27:27Speaker 13: as I mentioned, and the war in Iran is not popular,
- 27:30Speaker 13: it shows he has an iron grip on the Republican
- 27:32Speaker 13: Party still.
- 27:33Speaker 2: Mitch McCann, our US correspondent good Heavy on the show
- 27:36Speaker 2: was always twelve minutes away from Sex, so back home.
- 27:40Speaker 2: A dozen correction staff arrested yesterday, at least a dozen,
- 27:43Speaker 2: including a senior officer. They were accused of taking bribes
- 27:47Speaker 2: to smugle items into prison, including meth Mark Mitchell, Minister
- 27:51Speaker 2: for Corrections with me this morning, minister, good morning, good morning.
- 27:54Speaker 2: Right is this gang you know, gangs inside prison? Who
- 27:57Speaker 2: or controlling this stuff or what?
- 28:00Speaker 14: I can't speak to the detail obviously now the rest
- 28:02Speaker 14: said being made and now it's a legal process, so
- 28:08Speaker 14: I can't interfere or discuss the details on it. But
- 28:11Speaker 14: the one thing I would say when you mentioned gangs
- 28:13Speaker 14: is that when I became Minister, I had both Corrections
- 28:16Speaker 14: and Police. I was very clear about them working closer together.
- 28:19Speaker 14: They had been in terms of making using a difficult
- 28:23Speaker 14: place to be a gang member, and also focused on
- 28:26Speaker 14: the harm that the gang members are responsible for and
- 28:29Speaker 14: organized crimes. So they Corrections and police have been very
- 28:32Speaker 14: effective at doing that and this has obviously been a
- 28:36Speaker 14: very good operation.
- 28:37Speaker 2: Yeah, but I mean, all very well to put people
- 28:39Speaker 2: in prison, but if they're going to prison and able
- 28:41Speaker 2: to keep doing meth, it's hardly ideal, is it.
- 28:44Speaker 14: Well, and that's exactly why we're doing what we're doing.
- 28:47Speaker 14: That's exactly why Corrections and police are working together. This
- 28:50Speaker 14: is what gangs do. And like I said to you,
- 28:53Speaker 14: I can't talk to details about this case, so I'm
- 28:55Speaker 14: not inferring anything other than the fact that your original
- 28:59Speaker 14: comment was around gangs and we've been very proactive in
- 29:02Speaker 14: dealing with them.
- 29:03Speaker 2: Do you think correction staff get paid enough?
- 29:07Speaker 14: Look, I was saying yesterday that you know, in a
- 29:10Speaker 14: perfect world, if we're a high wage economy like Australia,
- 29:14Speaker 14: they are prepared to sort of tap into their natural resources,
- 29:18Speaker 14: then you know, I'd love to be able to pay
- 29:19Speaker 14: all of our officials slenders war. That's not the reality
- 29:22Speaker 14: that we live in. But you know, at the end
- 29:24Speaker 14: of the day, we have got a world class corrections service.
- 29:28Speaker 14: This is a very small group. Most of our corrections
- 29:31Speaker 14: officers are professional, they are pack full of integrity. They
- 29:35Speaker 14: do an outstanding job in a very difficult environment. And
- 29:38Speaker 14: I don't think that money is an issue because you
- 29:41Speaker 14: can't buy integrity. You either have it or you don't.
- 29:44Speaker 2: Well, fourteen is quite I mean, you're say it's a
- 29:46Speaker 2: small number, but it still a lot of people. I
- 29:48Speaker 2: mean I was quite shocked when I read that, to
- 29:49Speaker 2: be honest with.
- 29:50Speaker 14: You, Well, we've got eleven thousand. We've got eleven thousand
- 29:53Speaker 14: people intrections, whether it be our frontline corrections offices and
- 29:57Speaker 14: our facilities, or whether it be community based, and every
- 29:59Speaker 14: day they it up. There's thousands of positive actions that
- 30:03Speaker 14: take part of it every day.
- 30:05Speaker 2: Is there anything like are you going to do some
- 30:07Speaker 2: sort of review or are you going to be looking
- 30:09Speaker 2: further into other staff members after what's happened here?
- 30:13Speaker 14: Initially, I just wanted to reassure myself. We've had our
- 30:16Speaker 14: recruiting process and our in our recruiting program is Upstead
- 30:22Speaker 14: and I'm absolutely satisfied that it is. They do an
- 30:26Speaker 14: outstanding job corrections. But unfortunately the world that we live in,
- 30:30Speaker 14: this is a global phenomenon. It's not just New Zealand.
- 30:33Speaker 14: Is that you get as our corrections officers are in
- 30:36Speaker 14: a position where sometimes they are they do have pressure
- 30:39Speaker 14: put on them. It's important that they have the training
- 30:42Speaker 14: and they do. And it's also important that enforcement agencies
- 30:46Speaker 14: in this case police are being proactive brain operations and
- 30:50Speaker 14: making sure that we get on top of this sort
- 30:51Speaker 14: of these sorts of issues.
- 30:52Speaker 2: All right, good stuff, min it's to thank you. Mark
- 30:54Speaker 2: Mitchell finished of the Corrections. Time is eight away from six.
- 31:00Speaker 1: Views and Views you Trust to start your day. It's
- 31:03Speaker 1: early edition with Ryan Bridge and Spark for Business Technology
- 31:07Speaker 1: that keeps Business moving NEWSTALKSB.
- 31:10Speaker 2: Six The six News talks theb SO laborer here is
- 31:13Speaker 2: having problems with their future funded by problems. I mean
- 31:16Speaker 2: they don't really know what's going in, what's coming out,
- 31:18Speaker 2: how much is going to warn what's going to happen
- 31:20Speaker 2: with it. And there are similar things happening with labor
- 31:22Speaker 2: over in Australia and this is just a week after
- 31:24Speaker 2: their budget. They are looking like they're now going to
- 31:26Speaker 2: do a walk back on capital gains because the startup
- 31:30Speaker 2: companies are all upset over there that they're going to
- 31:33Speaker 2: be hit and also potentially with the capital gains on
- 31:35Speaker 2: property even as well, because the first home buys just
- 31:38Speaker 2: don't believe that they are going to get the deals
- 31:41Speaker 2: that the Labor Party promised that they will get.
- 31:44Speaker 9: Ryan Bridge, good morning.
- 31:45Speaker 7: Mike Morning Mins this morning, who runs who is a
- 31:48Speaker 7: Labor premiere but of the center version says this morning
- 31:53Speaker 7: he's not backing it, and so that's come out of
- 31:56Speaker 7: nowhere because he says, you work in Australia, and this
- 31:58Speaker 7: is a very good argument around all the people who
- 32:01Speaker 7: have gone to Australia thinking it's, you know, the land
- 32:03Speaker 7: of the milk and honey. You work Monday Tuesday in
- 32:05Speaker 7: a bit of Wednesday. Top tax right in Australia's forty
- 32:07Speaker 7: seven cents in the dollar. So you work Monday choosday
- 32:10Speaker 7: in a chunk of Wednesday for yourself. The rest of
- 32:12Speaker 7: the working for the government outrageous and you're going nowhere fast.
- 32:15Speaker 2: And you see the Coalitions come out with this tax
- 32:19Speaker 2: bracket change, which would be very appealing if you're working to.
- 32:22Speaker 7: You remember, there's what we did here because we had
- 32:24Speaker 7: the same problem because you creep into another tax breaking
- 32:28Speaker 7: you don't realize and so they get more money.
- 32:30Speaker 2: And here is type of creep. Remember Simon Bridges was
- 32:33Speaker 2: going to do bracket creep. Yes it was, but then
- 32:35Speaker 2: it never happened and no one's ever touched it because
- 32:37Speaker 2: it's so expensive to a government, doesn't it. Indeed, indeed
- 32:40Speaker 2: it is regulators this morning?
- 32:42Speaker 7: Was that funny?
- 32:43Speaker 9: Yesterday?
- 32:43Speaker 7: I thought that was moderately funny. Regulator in the country
- 32:46Speaker 7: and all the dogs. You realize how many regulators run
- 32:48Speaker 7: the dolls?
- 32:48Speaker 2: Yeah, sort of seven or age or something.
- 32:50Speaker 7: There's a lot of people, isn't it.
- 32:52Speaker 2: But do we need ninety people at the Ministry for Regulation?
- 32:55Speaker 2: Does seem an awful lot? And they're very well paid?
- 32:57Speaker 13: Are they?
- 32:58Speaker 2: Are you worried? What's well like one hundred I think
- 33:01Speaker 2: the average was one hundred and forty thousand or something
- 33:03Speaker 2: like that.
- 33:04Speaker 7: Well, if they improve, it's money. It's like the Peters
- 33:07Speaker 7: thing yesterday, I thought, see we need more people on
- 33:10Speaker 7: the international stage.
- 33:11Speaker 2: Right.
- 33:11Speaker 7: So this whole thing of cutting the public service, you
- 33:13Speaker 7: don't just cut the public service and a generalized number
- 33:16Speaker 7: I would have thought you go through and say, you know,
- 33:18Speaker 7: quite frankly, you do a good job and you probably
- 33:20Speaker 7: need more people have them as opposed to the other
- 33:22Speaker 7: department where you guys are all sitting around doing nothing.
- 33:24Speaker 2: Nikola Willis was saying that we should have one HR
- 33:27Speaker 2: department for the entire government, which I thought maybe it
- 33:29Speaker 2: was a step too far.
- 33:31Speaker 7: She worried me yesterday when she said I'd been experimenting
- 33:34Speaker 7: with AI in my office and I thought, I'm not
- 33:37Speaker 7: sure you said should have said that out loud. By
- 33:39Speaker 7: the way, Grant Baker today, you know the name Grant
- 33:41Speaker 7: Baker Turners forty two below serial on Tributary. Yeah, yeah,
- 33:46Speaker 7: one of the great success stories. Anyway, he's an after eight,
- 33:48Speaker 7: so we'll have a chat with them.
- 33:49Speaker 2: Very cool, please God his talks b MICUs with him next.
- 33:58Speaker 1: For more from Early Edition with Ryan Bridge, listen live
- 34:01Speaker 1: to News Talks it be from five am weekdays, or
- 34:04Speaker 1: follow the podcast on iHeartRadio.