Latest / Early Edition with Ryan Bridge / Full Show Podcast: 13 May 2026

Transcript

Full Show Podcast: 13 May 2026 · Early Edition with Ryan Bridge

• 0:00
  Speaker 1: The issues, the interviews and the insight. Ryan Bridge on
• 0:05
  Speaker 1: early edition with Spark for business Technology that keeps business
• 0:09
  Speaker 1: moving news talks.
• 0:10
  Speaker 2: They'd be good morning, it is Wednesday. Great to have
• 0:12
  Speaker 2: your company. Trump's hopping on a plane to Beijing right now.
• 0:15
  Speaker 2: Starmer is about to get the boot. We've got Gavin
• 0:17
  Speaker 2: in London for us. The Americans are coming for our
• 0:20
  Speaker 2: LAMB exports details on that, plus the Aussies are coming
• 0:23
  Speaker 2: for property investors.
• 0:26
  Speaker 1: The agenda.
• 0:28
  Speaker 2: It is Wednesday, the thurninth of May. UK labor ministers
• 0:30
  Speaker 2: are dropping like fliers calling through a star at a
• 0:33
  Speaker 2: stand down.
• 0:34
  Speaker 3: What was really clear from talking to my constituents was
• 0:37
  Speaker 3: that the Prime Minister had lost their trust and their
• 0:39
  Speaker 3: confidence and they did not believe that he could deliver
• 0:42
  Speaker 3: the scale and the pace of change that we have
• 0:45
  Speaker 3: a mandate fault and that my community deserves. And in
• 0:47
  Speaker 3: the end that was the thing that drove my decision, not.
• 0:49
  Speaker 2: Just backbench as but ministers. I should suggest Phillips, one
• 0:53
  Speaker 2: of them. One of Starmer's most influential compair.
• 0:56
  Speaker 4: That was when Boris Johnson was on the way out.
• 0:58
  Speaker 4: I remember within half a now of each other Saji
• 1:01
  Speaker 4: Javid quit and then Rishi Sunac quit big senior figures
• 1:06
  Speaker 4: in the cabinet, and of course others followed. So we
• 1:10
  Speaker 4: haven't had. If we get a resignation from the cabinet,
• 1:14
  Speaker 4: well wow, we're on our way.
• 1:16
  Speaker 2: Which we've had, and I tell you what, it is
• 1:18
  Speaker 2: a different kettle of fish. The Labor Party in the
• 1:21
  Speaker 2: UK to the Conservatives, O time Minister has my full support.
• 1:24
  Speaker 2: The Labor Party has a process for triggering a leadership
• 1:27
  Speaker 2: election that has not happened.
• 1:30
  Speaker 5: We are working hard on the big issues that are
• 1:32
  Speaker 5: facing the country and kir is.
• 1:34
  Speaker 1: Showing really steadfast leadership.
• 1:36
  Speaker 6: We'll do what we were elected to do, which is
• 1:39
  Speaker 6: served the British people.
• 1:41
  Speaker 7: The primis to has my full support.
• 1:43
  Speaker 2: Over in Australia, Charmers is delivered as budget as predicted,
• 1:47
  Speaker 2: the negative gearing text, deductions now limited to new built
• 1:51
  Speaker 2: investment properties, a lot of changes that sound very just
• 1:54
  Speaker 2: sinder esk in grant Esk. Not everyone happy.
• 1:57
  Speaker 8: Angus Taylor used to call you sneaky.
• 2:00
  Speaker 2: I mean you are, aren't you?
• 2:01
  Speaker 9: But this you could have said at any moment during
• 2:04
  Speaker 9: that campaign you were intending this.
• 2:05
  Speaker 2: So why not just be up.
• 2:06
  Speaker 10: Front what we said at the election and what we meant,
• 2:10
  Speaker 10: and it's become increasingly clear to us that this challenge,
• 2:13
  Speaker 10: the intersection of the housing market and the tax system,
• 2:15
  Speaker 10: is locking too many young people out of the aspiration
• 2:18
  Speaker 10: that comes with owning your own home. And so we've
• 2:21
  Speaker 10: come to a different view on this policy.
• 2:23
  Speaker 2: All the detail you need to know on that. In
• 2:24
  Speaker 2: twenty minutes, finally back home due to Collins is bound
• 2:27
  Speaker 2: out of Parliament.
• 2:27
  Speaker 7: To my dearest friends in Parliament, my Corpus colleagues, and
• 2:31
  Speaker 7: i'm many good friends on the opposing teams, I bid farewell.
• 2:35
  Speaker 7: I now leave politics behind and move into an apolitical
• 2:38
  Speaker 7: world with Gusto and even Relish. I'm over politics and
• 2:43
  Speaker 7: looking forward to going back to my first loves, my
• 2:46
  Speaker 7: family in the law.
• 2:47
  Speaker 10: Thank you.
• 2:49
  Speaker 2: Well well the great speech. We'll have more on it
• 2:51
  Speaker 2: throughout the program. This morning, nine after five before the.
• 2:55
  Speaker 1: News breaks here at first Ryan Bridge on early edition
• 2:59
  Speaker 1: with for Business Technology that keeps Business moving, News talks
• 3:03
  Speaker 1: there'd b it.
• 3:05
  Speaker 2: Is nine after five. Great to have your company this morning.
• 3:07
  Speaker 2: Nine two ninety two is the number to text. In
• 3:09
  Speaker 2: Labour's one hundred and twenty six year history over in
• 3:12
  Speaker 2: the UK, there has never been an official leadership challenge
• 3:15
  Speaker 2: to a sitting Prime minister, and there still isn't one,
• 3:18
  Speaker 2: to be fair, and this is where they differentiate themselves
• 3:21
  Speaker 2: from the Conservatives, where you got the nineteen twenty two committee.
• 3:24
  Speaker 2: You need in order to get a leadership change within
• 3:28
  Speaker 2: the Labor Party, especially while they're in government, you need
• 3:31
  Speaker 2: twenty percent of MPs. You need eighty one MPs. And
• 3:34
  Speaker 2: you don't need eighty one MPs to say we don't
• 3:36
  Speaker 2: like this guy. You need eighty one MPs to say
• 3:39
  Speaker 2: we want this guy or this girl. However you want
• 3:43
  Speaker 2: to say that they need a challenger in the Labor Party,
• 3:46
  Speaker 2: that is the difference, and they don't have one yet
• 3:49
  Speaker 2: and everyone's saying, oh, what about Andy Burnham, Well, Andy
• 3:51
  Speaker 2: Burnham is not an MP. The interesting thing about that,
• 3:54
  Speaker 2: and so they just basically need to coalesce around someone
• 3:57
  Speaker 2: and then they can force the thing. Although Starma could
• 4:00
  Speaker 2: do what happened with Gordon Brown, which is where your
• 4:03
  Speaker 2: incumbent doesn't decide to contest. If you get a challenger,
• 4:07
  Speaker 2: your incumbent doesn't decide to contest and then yeah, Gordon
• 4:11
  Speaker 2: Brown becomes your de facto leader. Now, the interesting thing
• 4:15
  Speaker 2: is that is what happens with Burnham because there could
• 4:17
  Speaker 2: be a by election which he may not win, so
• 4:20
  Speaker 2: there's a risk to begin with, but you need him
• 4:23
  Speaker 2: to be in the House of Commons in order to
• 4:25
  Speaker 2: be eligible. And then if this process kicks off, so
• 4:29
  Speaker 2: let's say they back someone, Let's say it's Angela Rainer, right,
• 4:33
  Speaker 2: they back Angela Raine and say we want Angela to
• 4:35
  Speaker 2: be the leader. So there's a challenge, and then it
• 4:38
  Speaker 2: could take a month, could take months actually, because then
• 4:41
  Speaker 2: if there's a contest, it has to go to the
• 4:43
  Speaker 2: wider party. So every man and his dog gets to say,
• 4:46
  Speaker 2: there's three hundred thousand labor members over in Britain. So
• 4:50
  Speaker 2: but what they reckon they could do is have Rainer
• 4:53
  Speaker 2: in there as a stalking horse, as a substitute, and
• 4:57
  Speaker 2: then you get Burnham in in a by election, and
• 4:59
  Speaker 2: then you do a switcheroo and he becomes the Rainer,
• 5:03
  Speaker 2: he becomes the leader. Very gray area this, by the way,
• 5:08
  Speaker 2: but it's something that's been talked about over there at
• 5:10
  Speaker 2: the moment. But I mean it's a matter of time.
• 5:12
  Speaker 2: He's a dead man walking as a secure starmer and
• 5:15
  Speaker 2: pity the successor. I mean, it's a bit like the
• 5:19
  Speaker 2: National Party here isn't it. I mean, there was obviously
• 5:21
  Speaker 2: a bit of grumbling, bit of mood for change in
• 5:23
  Speaker 2: the backbenches. But then who puts their name up? No one?
• 5:26
  Speaker 2: Why because politics right now is a poison Chalice Bryan
• 5:31
  Speaker 2: even after five So some interesting numbers for you on
• 5:33
  Speaker 2: property Q one property sales. This is an interest dot
• 5:37
  Speaker 2: co dot NZ piece which I found fascinating. Not good
• 5:41
  Speaker 2: for apartment owners, not good for investors. Forty one percent
• 5:45
  Speaker 2: of apartments resold in Q one of this year sold
• 5:49
  Speaker 2: at a loss compared to their purchase price. Nearly fourteen
• 5:53
  Speaker 2: percent of properties sold by investors also sold at a loss. Overall,
• 5:59
  Speaker 2: the number was twelve point two percent, so one in
• 6:01
  Speaker 2: ten properties in Q one of this year sold at
• 6:04
  Speaker 2: a loss. That figure has been going up since late
• 6:08
  Speaker 2: twenty twenty one when it was less than one percent.
• 6:12
  Speaker 2: We'll have details on that for you shortly.
• 6:14
  Speaker 1: News talks headbig herett the first Ryan Bridge on early
• 6:18
  Speaker 1: edition with Spark for business technology that keeps business moving.
• 6:22
  Speaker 2: News Talks AB seventy seven billion dollars of net tax
• 6:26
  Speaker 2: increases across the Tasman and Jim Chalmer's fifth budget will
• 6:30
  Speaker 2: have details with Cali Ecole before six this morning. Last
• 6:33
  Speaker 2: night it was Judith Collins and in politics you need
• 6:36
  Speaker 2: a bit of resilience.
• 6:38
  Speaker 7: It has often commented that I have a bit of resilience. Well,
• 6:44
  Speaker 7: I you don't get to be resilient unless you have
• 6:47
  Speaker 7: to be, and I sometimes quit that adversity is just
• 6:51
  Speaker 7: an opportunity show character. So much adversity, so much character.
• 7:00
  Speaker 2: Farmers fall the past five Todd McLay Reckins. In the
• 7:02
  Speaker 2: next couple of weeks, Trump will come for our lamb
• 7:05
  Speaker 2: exports and the Aussies too, looks like they're going to
• 7:08
  Speaker 2: launch an investigation. He's spoken to us about this before,
• 7:10
  Speaker 2: into whether they threatened local producers our exports. By the way,
• 7:15
  Speaker 2: Lamb to the US with six hundred million last year.
• 7:17
  Speaker 2: Richard Dawkins fed Farmer's Meat and woelchair with me. Richard,
• 7:20
  Speaker 2: Good morning, Richard, you're there, Yeah, good morning, good morning,
• 7:27
  Speaker 2: very well, thank you. The timing of this obviously coming
• 7:31
  Speaker 2: off the back of the failed the court ruling on
• 7:33
  Speaker 2: the tariffs, and we're still paying a tariff on what
• 7:36
  Speaker 2: we're exporting. But how significant is our export to the US.
• 7:39
  Speaker 2: How damaging would it be if they threaten it?
• 7:44
  Speaker 11: Look, the US is a significant trading partner, especially for
• 7:48
  Speaker 11: sheet meat. But overall last year they took thirteen percent
• 7:53
  Speaker 11: of our total exports, so an important relationship that companies
• 7:58
  Speaker 11: like Silversans Farms look, they experts around sixty countries, so
• 8:02
  Speaker 11: the industry does have the ability to pivot. This needs be.
• 8:05
  Speaker 2: It's the local producers that are pushing this, isn't it
• 8:08
  Speaker 2: the Republicans. There were thirty six Republican members of Congress
• 8:12
  Speaker 2: signed letters to Trump officials they wanted this probe. They
• 8:16
  Speaker 2: also have introduced a bill proposing a thirty percent tariff
• 8:19
  Speaker 2: on all lamb and sheep products imported from New Zealand
• 8:22
  Speaker 2: and Australia.
• 8:24
  Speaker 11: Yeah, that's right, and I can gather the American sheep
• 8:27
  Speaker 11: industry have certainly been pushing for it as well, which yeah,
• 8:30
  Speaker 11: is very protectionists. It is a wee bit frustrating Ryan
• 8:33
  Speaker 11: and that we produce high quality product and it's quite
• 8:38
  Speaker 11: complementary to their production seasons. It really enhances their market
• 8:42
  Speaker 11: and it allows the American consumer to get a taste
• 8:45
  Speaker 11: for lamb, which has beneficial flow on effects for the
• 8:49
  Speaker 11: American producers as well.
• 8:51
  Speaker 2: I've had a look at the part of the section
• 8:53
  Speaker 2: of law section two one and two or two of
• 8:55
  Speaker 2: the US Trade Act. Basically, they can impose tariffs if
• 8:59
  Speaker 2: this and instigation finds that it is causing or threatening
• 9:03
  Speaker 2: to cause injury to their domestic industry.
• 9:07
  Speaker 11: Yeah, so you would hope the findings of that would
• 9:10
  Speaker 11: show you the actual complementary nature of this trade. But
• 9:15
  Speaker 11: I'll just say for sheep farmers on the ground in
• 9:17
  Speaker 11: New Zealand, I mean, we can't control this. We have
• 9:20
  Speaker 11: to focus on what we can control, and the industry
• 9:23
  Speaker 11: is in a really good space at the moment, strong
• 9:25
  Speaker 11: returns across the board, a pretty favorable climate as well,
• 9:29
  Speaker 11: So we'll focus on that and like I said, we
• 9:32
  Speaker 11: can pivot to other markets if required, but I don't
• 9:35
  Speaker 11: think it would get to that point.
• 9:36
  Speaker 2: All right, good to know. Richard Dawkins fed Farmers, Meat
• 9:38
  Speaker 2: and woelschair Good TV on the show this morning time
• 9:41
  Speaker 2: is seventeen minutes after five Ryan Bread US Just to hand,
• 9:44
  Speaker 2: one hundred and ten labor MPs as signed a statement
• 9:47
  Speaker 2: opposing a leadership contest. They say, last week we had
• 9:51
  Speaker 2: a devastatingly tough set of election results. It shows we
• 9:54
  Speaker 2: had we have a hard job ahead to win back
• 9:56
  Speaker 2: trust from the electric That job does need to start
• 9:59
  Speaker 2: today with all of us working together to deliver the
• 10:03
  Speaker 2: change the country needs. We must focus on that. This
• 10:05
  Speaker 2: is no time for a leadership contest. So you now
• 10:08
  Speaker 2: have more people saying we won't do it than you
• 10:10
  Speaker 2: do will do it. But that doesn't necessarily mean it
• 10:13
  Speaker 2: won't happen, does it? Eighteen after and he just looks
• 10:17
  Speaker 2: like when you turn on your TV this morning, looks
• 10:20
  Speaker 2: like a dead man walking eighteen after five News talks,
• 10:23
  Speaker 2: he'd be those property doun details. Next, the first.
• 10:27
  Speaker 1: Word on the News of the Day Early edition with
• 10:31
  Speaker 1: Ryan Bridge and Spark for Business Technology that keeps Business
• 10:35
  Speaker 1: Moving News talksb.
• 10:36
  Speaker 2: March Crown accounts out yesterday. Deficit narrows, but the worrying
• 10:40
  Speaker 2: thing is your GST receipts are a the canary and
• 10:43
  Speaker 2: the coal mine. So yeah, it does look better than
• 10:45
  Speaker 2: it did at the hay for the deficit that is. However,
• 10:48
  Speaker 2: when you look at March twenty six GST revenue, it
• 10:51
  Speaker 2: was two point zero six seven billion. That is down
• 10:55
  Speaker 2: four point four percent on March twenty twenty five, and
• 10:59
  Speaker 2: it is even lower than the two point zero eighty
• 11:02
  Speaker 2: five billion in March of twenty twenty four. That is
• 11:05
  Speaker 2: not a good sign. The other thing you've got here
• 11:08
  Speaker 2: is individuals us paying our income tax up seven point
• 11:12
  Speaker 2: one percent from a year earlier, and that is boosted
• 11:15
  Speaker 2: no doubt by bracket creep, where you get paid more
• 11:19
  Speaker 2: you shift into a higher tax bracket. Twenty one after
• 11:22
  Speaker 2: five cry and Bridge, so Kiwis are holding onto their
• 11:25
  Speaker 2: homes longer than ever. New cotality data shows the median
• 11:28
  Speaker 2: ownership is now ten years, matching an all time record.
• 11:31
  Speaker 2: Fewer people are cashing in big In fact, one in
• 11:34
  Speaker 2: ten selling at a loss. It's up from one percent
• 11:37
  Speaker 2: that was several years ago back in twenty twenty one.
• 11:40
  Speaker 2: Matt Ball Property Investors Federation is with us this morning,
• 11:43
  Speaker 2: Get a Matt Oday, Ryan. So it's apartment owners and
• 11:47
  Speaker 2: it's also investors who are more likely to sell for
• 11:50
  Speaker 2: a loss.
• 11:51
  Speaker 9: Right, Yeah, that's right. But that's right across the board.
• 11:54
  Speaker 9: As people are holding onto their houses longer and getting
• 11:56
  Speaker 9: less of a profit or making a loss.
• 11:58
  Speaker 2: You're more likely to make a loss if you sell sooner,
• 12:02
  Speaker 2: aren't you. I think four point two years was the
• 12:05
  Speaker 2: medium length of ownership for a loss making property. So
• 12:08
  Speaker 2: you hold it longer, you're less likely to sell for
• 12:10
  Speaker 2: a loss.
• 12:12
  Speaker 9: Yeah, that's true, Ryan, But there's two factors in there.
• 12:14
  Speaker 9: One is that we had that peak house prices about
• 12:17
  Speaker 9: four or five years ago, So there's a bunch of
• 12:19
  Speaker 9: people who got caught out buying at the top of
• 12:21
  Speaker 9: the market and then obviously having to sell. Or if
• 12:25
  Speaker 9: it's an investor, maybe they're just going to cut their
• 12:27
  Speaker 9: losses and put that money into something else. The other
• 12:30
  Speaker 9: thing to think about here is inflation. Over that ten
• 12:32
  Speaker 9: year period, general CPI was thirty six percent, So even
• 12:36
  Speaker 9: though making a so called profit, aren't going to be
• 12:40
  Speaker 9: doing that well.
• 12:41
  Speaker 2: And it also doesn't take into account what you might
• 12:43
  Speaker 2: have done to the place in the meantime.
• 12:44
  Speaker 9: Right, No, absolutely, right. I mean this is quite interesting.
• 12:48
  Speaker 9: I think this is the end of the casual investor era.
• 12:50
  Speaker 9: You can't just bug some money on a house and
• 12:52
  Speaker 9: think you're going to make a profit.
• 12:54
  Speaker 11: You've actually got to.
• 12:54
  Speaker 9: Work for your money. I think it's the end of
• 12:56
  Speaker 9: the treat your house like an atm erar. You can't
• 12:59
  Speaker 9: just come from the house price going up and covering
• 13:02
  Speaker 9: all your debts, the boat and the bats that you
• 13:03
  Speaker 9: put on and whatever else. So that's changed. The good
• 13:08
  Speaker 9: news is if you're just buying a house to live in,
• 13:11
  Speaker 9: that's perfectly fine. And if you're a professional investor, you
• 13:14
  Speaker 9: know you're someone who's buying a rundown house, bring it
• 13:17
  Speaker 9: up to then resell it because you put some work in,
• 13:20
  Speaker 9: that's fine. And if you're buying and holding and you're
• 13:23
  Speaker 9: went into people and providing a own and making a
• 13:25
  Speaker 9: living out of that, that's fine as well.
• 13:28
  Speaker 2: Are we going to see more corporate style landlords as
• 13:32
  Speaker 2: opposed to mum and dad landlords.
• 13:37
  Speaker 9: That's an interesting question. That's actually a trend that you've
• 13:40
  Speaker 9: seen overseas, and some of the changes to the rules
• 13:44
  Speaker 9: and regulations don't favor the mum and dad investor. I
• 13:48
  Speaker 9: think you probably will see a bit of a drop
• 13:50
  Speaker 9: in that. And because it won't be the casual investor,
• 13:55
  Speaker 9: someone who's just thinking, oh heck, I better get in
• 13:57
  Speaker 9: here because everyone else is making money, so I do it.
• 14:01
  Speaker 9: It will be investors with purpose who want to run
• 14:04
  Speaker 9: a rental accommodation business, who enjoy providing homes for other
• 14:08
  Speaker 9: people and know how to make money out of it.
• 14:11
  Speaker 9: That's the group that will rise.
• 14:12
  Speaker 2: Good stuff. Matt Matt Bull Properly Investors Federation time is
• 14:16
  Speaker 2: twenty four minutes after five rayan bridge to the use
• 14:19
  Speaker 2: very quickly, twenty nine billion dollars. Now the Bill for
• 14:23
  Speaker 2: fighting the War with Iran Pete Higgseth before another committee
• 14:26
  Speaker 2: talking about how they might re escalate the thing.
• 14:28
  Speaker 12: I would say, we have a plan for all of that.
• 14:31
  Speaker 12: We have a plan to escalate if necessary. We have
• 14:34
  Speaker 12: a plan to retrograde if necessary, we have a plan
• 14:38
  Speaker 12: to shift assets. Certainly, in this setting we wouldn't reveal
• 14:41
  Speaker 12: what the next step may be, considering the gravity of
• 14:44
  Speaker 12: the mission that the President is undertaking to ensure that
• 14:46
  Speaker 12: Iran never has a nuclear bond.
• 14:47
  Speaker 2: Gavin Gray with us from the UK on All the
• 14:50
  Speaker 2: Star and Drama at about quarter two this morning. That's
• 14:52
  Speaker 2: in about half an hour. Next I'll run you through
• 14:55
  Speaker 2: the Aussie budget, the bits that we really need to know.
• 14:57
  Speaker 1: The early edition full the show podcast on IARM Radio.
• 15:01
  Speaker 1: Now it by News.
• 15:02
  Speaker 11: Talks at me.
• 15:04
  Speaker 2: Twenty seven after five News Talks be give them an
• 15:06
  Speaker 2: inch and they'll take a mile. That is basically the
• 15:09
  Speaker 2: message to anyone worried about a capital gains tax in
• 15:12
  Speaker 2: New Zealand. In Canberra last night, Jim Charmer's budget was
• 15:15
  Speaker 2: pitched as a rebalancing of intergenerational inequality. Fewer young people
• 15:21
  Speaker 2: own homes in Australia, so they've picked grandkids against grandparents
• 15:25
  Speaker 2: and made tax changes to negative gearing and capital gains.
• 15:28
  Speaker 2: Negative gearing is where landlords make a loss on their
• 15:30
  Speaker 2: property your income your renter is less than your expenses,
• 15:34
  Speaker 2: and you claim the difference is a tax deduction on
• 15:37
  Speaker 2: other income. It's a benefit. This, by the way, is
• 15:39
  Speaker 2: something they said that they wouldn't touch and now they have.
• 15:43
  Speaker 2: Albanezian charmers ran an election campaign say they wouldn't do
• 15:47
  Speaker 2: this in the same way their key we labor colleagues
• 15:50
  Speaker 2: claim their capital gains tax will be limited in scope
• 15:52
  Speaker 2: and scale. But what does it achieve. The median cost
• 15:56
  Speaker 2: of a Sydney house one point seven million, the country
• 15:58
  Speaker 2: median almost one million, and that's more than Kiwi prices.
• 16:01
  Speaker 2: By the way, try by a house in Melbourne. Good luck,
• 16:04
  Speaker 2: God speak to you. The reason these changes are not
• 16:07
  Speaker 2: going to change the game for any young Australian or
• 16:09
  Speaker 2: young Kiwi flying the coup is simple supply as anyone
• 16:13
  Speaker 2: with a townhouse in West Auckland right now well knows
• 16:16
  Speaker 2: the fastest way to lower prices to build more of
• 16:20
  Speaker 2: the things supply and demand. It is basic and these
• 16:24
  Speaker 2: changes in Australia, fewer homes will be built, not more
• 16:29
  Speaker 2: Master bills Australias. Is the number of homes built in
• 16:31
  Speaker 2: future as a direct result, will go down in the
• 16:35
  Speaker 2: budget treasury. Charmer's own treasury reckons thirty five thousand fewer
• 16:40
  Speaker 2: homes will be built over the next decade and that
• 16:44
  Speaker 2: is not a recipe for rebalancing intergenerational inequality. If you
• 16:49
  Speaker 2: ask me, Bryan Bridge five twenty eight News Talk seb
• 16:55
  Speaker 2: We've got inflation numbers out of the US. By the way,
• 16:57
  Speaker 2: consumer price is up three point eight percent for April
• 16:59
  Speaker 2: from a year earlier. This is high gas prices driving it.
• 17:03
  Speaker 2: In fact, if you look at the energy mix, forty
• 17:07
  Speaker 2: of the monthly increase was energy and if you strip
• 17:11
  Speaker 2: those out, core inflation was two point eight percent. Surprising.
• 17:16
  Speaker 2: No beef, they've got problems with beef over there. They
• 17:21
  Speaker 2: are the same ones we do. You want to buy
• 17:23
  Speaker 2: mints at a supermarket at costco. Good luck everybody, Right,
• 17:28
  Speaker 2: We'll get to the UK and the latest on Starmer's leadership.
• 17:32
  Speaker 2: Wose that's coming up in twenty minutes.
• 17:43
  Speaker 1: Get ahead of the headlines on early edition with Ryan
• 17:47
  Speaker 1: Bridge and Spark for Business Technology that keeps Business moving
• 17:51
  Speaker 1: US talks at B.
• 18:01
  Speaker 2: Twenty four. Away from the six News talks, you'd be
• 18:02
  Speaker 2: we'll get to Kelly Ekov from Westpac on the Aussie
• 18:05
  Speaker 2: budget before six this morning, and very shortly we will
• 18:08
  Speaker 2: cross to London find out what's happening with Starmer who's
• 18:11
  Speaker 2: still got a job. Staying there for a second though.
• 18:13
  Speaker 2: You know the Green Party leader over there, what's his name? Polanski,
• 18:19
  Speaker 2: Zach Polanski. This is the guy I've told you about
• 18:21
  Speaker 2: before who said that he claimed to be able to
• 18:24
  Speaker 2: make a women's breasts bigger using hypnosis. It's true. This
• 18:29
  Speaker 2: is the Green guy. This is the guy that Chloe
• 18:31
  Speaker 2: Swarbrick stopped in to see when she was over in
• 18:34
  Speaker 2: London to have a little greeting with her meeting with
• 18:36
  Speaker 2: the Green counterpart. So he claimed to be able to
• 18:39
  Speaker 2: make women's breast bigger, then later apologize for the claim,
• 18:42
  Speaker 2: which I would have thought. You know, there are such
• 18:44
  Speaker 2: an evidence based party, aren't they, the Greens. They like
• 18:47
  Speaker 2: to always have evidence for something. I mean, where is
• 18:49
  Speaker 2: the evidence that you can use hypnosis to make a
• 18:51
  Speaker 2: woman's booms bigger? The only way to do. That is Bolton's,
• 18:55
  Speaker 2: isn't it. Everyone knows that facts Now he has just
• 18:59
  Speaker 2: been found to be staying at a two million pound
• 19:01
  Speaker 2: property in Hackney owned by a fellow Green politician. The
• 19:05
  Speaker 2: reason this is newsworthy is that he was living on
• 19:08
  Speaker 2: a houseboat or partially living on a houseboat. And what
• 19:13
  Speaker 2: it turns out has happened in the last twenty four
• 19:15
  Speaker 2: hours is, according to the Times, he wasn't paying council
• 19:21
  Speaker 2: tax that he should have been paying while he was
• 19:24
  Speaker 2: living on this houseboat. They reckon up to three years
• 19:27
  Speaker 2: worth has not been paid. So he's in the spot
• 19:29
  Speaker 2: of bothered. This morning twenty two away from six Bryan
• 19:32
  Speaker 2: Bridge to go to our reporters Callum in Dunedin. Morning Callum,
• 19:35
  Speaker 2: Morning Ryan. What's the update on the by election?
• 19:38
  Speaker 13: The progress result here has Joe Gayla winning the vacant
• 19:41
  Speaker 13: council seats Sir Ryan Gayla, a former journalist and Comm's
• 19:45
  Speaker 13: pr specialist. Eighty five percent of the voting papers have
• 19:49
  Speaker 13: been counted and Gala's leading the way, less than eight
• 19:52
  Speaker 13: hundred votes clear of former mayor Aaron Hawkins, who's second,
• 19:56
  Speaker 13: but Hawkins appears to have conceded to Gala He says
• 19:58
  Speaker 13: he offered experienced and progressive leadership, but the community's gone
• 20:02
  Speaker 13: down a different path. Gaylas said her priorities were fixing
• 20:05
  Speaker 13: the drainage problems and infrastructure in South Dunedin while supporting
• 20:09
  Speaker 13: Dunedin's economic well being. The Spy election, sparked by the
• 20:12
  Speaker 13: unexpected death of counselor and former med Dules Radick back
• 20:15
  Speaker 13: in January, still special votes to come in and the
• 20:18
  Speaker 13: late votes to be counted, so preliminary results later today,
• 20:21
  Speaker 13: the final result tomorrow.
• 20:22
  Speaker 2: All right, how's your weather? Shower? Is clear to find
• 20:26
  Speaker 2: this afternoon fifteen? The high nice one clear on christ
• 20:28
  Speaker 2: Church Morning, Claire, good morning. Why is caring order selling
• 20:32
  Speaker 2: and old christ Church Holiday Park?
• 20:34
  Speaker 14: Oh, I've actually scrapped that story for you, Ryan, because
• 20:36
  Speaker 14: I've got some better news that's just landed. I'm telling
• 20:39
  Speaker 14: you about the fact that there is more money going
• 20:41
  Speaker 14: to christ Church Cathedral after all. So Christchurch City Council
• 20:45
  Speaker 14: is planning to give another fifteen million dollars of taxpayers
• 20:48
  Speaker 14: money to restore the cathedral. What's interesting about this, though,
• 20:51
  Speaker 14: is that only fifteen percent of twelve hundred submitters actually
• 20:55
  Speaker 14: support doing that. Thirty five percent say absolutely not. What
• 20:59
  Speaker 14: Council is proposing to do is use thirty.
• 21:00
  Speaker 15: Five point eight million of the forecast forty four point
• 21:03
  Speaker 15: four million dollars they'll save from the annual budget in
• 21:06
  Speaker 15: order to go towards some of our iconic equake damage
• 21:10
  Speaker 15: to buildings now. As well as the cathedral, there'll also
• 21:12
  Speaker 15: be some money for Canterbury Museum. That's another fifteen million
• 21:15
  Speaker 15: dollars plus a loan which would be paid back via
• 21:18
  Speaker 15: a levy on international visitors. At this stage, the Arts
• 21:22
  Speaker 15: Center and the Canterbury Provincial Chambers miss out on extra money,
• 21:25
  Speaker 15: despite the public actually supporting that a bit more. The
• 21:28
  Speaker 15: council money, though, is dependent on some support from central
• 21:31
  Speaker 15: government too, so we'll see what happens there.
• 21:33
  Speaker 2: Some late breaking news this morning, Claire, I've got to
• 21:36
  Speaker 2: have it.
• 21:36
  Speaker 16: How's your weather for Christchurch today?
• 21:38
  Speaker 14: Cloudy, There is a few showers for Banks Peninsula and
• 21:40
  Speaker 14: the Chance elsewhere as well.
• 21:42
  Speaker 6: Southwesterlies and fifteen.
• 21:43
  Speaker 2: Degrees nice one. Thank you.
• 21:44
  Speaker 5: A bit of rock and roll for you last night, Max, Well, yes,
• 21:48
  Speaker 5: but don't let anyone tell you otherwise. It was a
• 21:51
  Speaker 5: very light earthquake four point one, sort of around cook
• 21:54
  Speaker 5: straight twenty five kilometers south of Wellington Felton, Pickton and
• 21:58
  Speaker 5: then further up the coast here in car about six
• 22:01
  Speaker 5: thousand people reporting it on a Geo neet. One person
• 22:05
  Speaker 5: in Corori said this said earthquake felt like a jolt
• 22:07
  Speaker 5: and a pop. Another described it like a thud. Felt
• 22:11
  Speaker 5: like only half the lounge shook, they said. One other
• 22:15
  Speaker 5: person said it felt a little more sudden and sharp
• 22:17
  Speaker 5: in southern Wellington. I can tell you I didn't feel
• 22:19
  Speaker 5: it at all, but they're being from christ Church perhaps
• 22:22
  Speaker 5: more accustomed to these sorts of things. Yeah, lied earthquake
• 22:25
  Speaker 5: in Wellington last night about six o'clock.
• 22:26
  Speaker 2: I if you didn't feel it, Max, it didn't happen
• 22:29
  Speaker 2: exact in the forest. How's your weather?
• 22:32
  Speaker 5: Yes, overcast with the odd shower Southerly's twelfth.
• 22:35
  Speaker 2: Nice don't thank you, Neva, good morning, good morning. How
• 22:37
  Speaker 2: do you only feel the earthquake and half your lounge?
• 22:40
  Speaker 2: I know one side you're on the fault line anyway.
• 22:46
  Speaker 2: So you're talking about the biggest crane soon to tower
• 22:49
  Speaker 2: over Auckland's mongody.
• 22:51
  Speaker 6: It's correct. So look this mess of crane. Now it
• 22:54
  Speaker 6: has to be assembled on site using another crane, but
• 22:57
  Speaker 6: it's the only one capable of lifting a new hype section.
• 23:01
  Speaker 6: So this is going to be put into place at
• 23:02
  Speaker 6: Hudda near creek in Mangai. This will mean that the
• 23:06
  Speaker 6: creek will soon be able to carry water freely to
• 23:08
  Speaker 6: the harbor instead of backing up. So this change is
• 23:11
  Speaker 6: expected to reduce the flood levels to at least forty
• 23:15
  Speaker 6: five properties. So it's all part of Auckland Councils seven
• 23:17
  Speaker 6: hundred and sixty million dollars flood Resilience program and apparently
• 23:21
  Speaker 6: that's due for completion mid twenty twenty six.
• 23:24
  Speaker 2: How exciting.
• 23:25
  Speaker 6: How's our weather, Neva, fine, becoming partly cloudy this afternoon.
• 23:28
  Speaker 6: No rain though. Eighteen is the high.
• 23:30
  Speaker 2: I saw a headline yesterday that said temperatures in Auckland
• 23:33
  Speaker 2: and not just Auckland, presumably the rest of the country
• 23:35
  Speaker 2: to plummet to September levels. I'm like, yeah, so season
• 23:39
  Speaker 2: is changing.
• 23:40
  Speaker 6: Well, that's all right, it's supposed to be. We were
• 23:42
  Speaker 6: talking about that in the news room. Actually, so next week,
• 23:45
  Speaker 6: you know. But even for us overnight low of eight
• 23:48
  Speaker 6: I know everyone around the country and go, oh shut up,
• 23:50
  Speaker 6: had enough plund.
• 23:51
  Speaker 2: Today, you don't know, Thank you, Neva. It is eighteen
• 23:54
  Speaker 2: minutes away from six and Bridge, So tariff's on the agenda.
• 23:58
  Speaker 2: Trump is heading to Beijing, He's going to meet with She.
• 24:00
  Speaker 2: Tariffs on the agenda. Of course, they reached one hundred
• 24:02
  Speaker 2: and forty five percent, remember that one hundred and forty
• 24:05
  Speaker 2: five percent. However, they reach the truce in October, the
• 24:08
  Speaker 2: straight will be on the agenda. But the big issue
• 24:10
  Speaker 2: for and it's I'll tell you in a minute, who's going.
• 24:12
  Speaker 2: But the big issue for she is the risk of
• 24:15
  Speaker 2: a global recession. Because you've got to remember that about
• 24:18
  Speaker 2: a fifth of China's GDP comes from exports. If the
• 24:21
  Speaker 2: rest of the world is poorer or in recession, they're
• 24:24
  Speaker 2: not going to buy as many of those exports. That's
• 24:26
  Speaker 2: a problem for Beijing. Guess who's going on the trip
• 24:29
  Speaker 2: with Trump? Tim Cook, Apple Okay, Elon Musk hoping to
• 24:37
  Speaker 2: do a deal seventeen away from six were in London next.
• 24:40
  Speaker 2: Markets are being a bit jumpy lately. It's fair to
• 24:43
  Speaker 2: say we've had the war in the Middle East, oil
• 24:45
  Speaker 2: prices a bunch of uncertainty, and when that hits your investments,
• 24:48
  Speaker 2: it's hard not to worry, and it's natural that you do.
• 24:51
  Speaker 2: I'd be concerned if you weren't. But volatility isn't new,
• 24:55
  Speaker 2: and it doesn't mean that your long term plans stop working.
• 24:58
  Speaker 2: In fact, you need a flip the thinking here. A
• 25:01
  Speaker 2: little bit market dips can work in your favor if
• 25:04
  Speaker 2: you're making regular contributions, because those regular contributions can buy
• 25:07
  Speaker 2: more units when the unit prices are lower, and that
• 25:10
  Speaker 2: can translate into long term gains when the markets ultimately
• 25:13
  Speaker 2: recover again. That discipline underpins Milford's approach to active long
• 25:19
  Speaker 2: term management of its Keiwisaver funds. Morning Star data shows
• 25:23
  Speaker 2: Milford's Kiwisaver funds have delivered the highest returns over the
• 25:26
  Speaker 2: past ten years across growth, balanced and conservative categories. Learn
• 25:31
  Speaker 2: more at Milfordasset dot com. Forward slash Keiwisaver past performance
• 25:35
  Speaker 2: is not a reliable indicator of future performance Milford Funds Limited.
• 25:38
  Speaker 2: It is the issue of the Milford Kiwisaver Plan. Go
• 25:41
  Speaker 2: to Milford Asset dot com to read the Milford Keiwisavi
• 25:44
  Speaker 2: Plan product disclosure statement and Milford's Financial Advice provided disclosure Statement.
• 25:49
  Speaker 1: International correspondence with NS and Eye Insurance Peace of Mind
• 25:53
  Speaker 1: for New Zealand Business.
• 25:55
  Speaker 2: So Health Sectrey We're streeting over in the UK, apparently
• 25:58
  Speaker 2: going to meet with Starma to myrow, what is on
• 26:00
  Speaker 2: the agenda? Well, hi, wonder Devin Grays with us, given
• 26:03
  Speaker 2: what's the lightest here.
• 26:05
  Speaker 17: Well, yes, Wes Street. He'm probably going to say give
• 26:08
  Speaker 17: me a job or else, but we don't know. It's
• 26:10
  Speaker 17: a high stakes game this because if you file the
• 26:14
  Speaker 17: starting gun too early you could end up losing and
• 26:17
  Speaker 17: be banished. Of course, otherwise, timing it right means you
• 26:20
  Speaker 17: could get the prize job of Prime Minister Sekir. Starma, though,
• 26:24
  Speaker 17: is hanging on by a thread. Today four ministers have resigned.
• 26:29
  Speaker 17: Eighty six of his own MPs have formally come out
• 26:34
  Speaker 17: and said that he should resign or set out a
• 26:36
  Speaker 17: timetable for his resignation, and therefore that represents coming on
• 26:41
  Speaker 17: to one in four of his own MPs. Meanwhile, one
• 26:44
  Speaker 17: hundred and ten MPs of his have signed a statement
• 26:47
  Speaker 17: opposing a leadership contest, saying that it would be bad
• 26:51
  Speaker 17: for the country and indeed plenty of people are agreeing
• 26:54
  Speaker 17: that this uncertainty is not good. Today in London was
• 26:59
  Speaker 17: the King of the North, the mayor of Graad de Manster,
• 27:01
  Speaker 17: Andy Burnham. He was in London seeking support and a seat,
• 27:06
  Speaker 17: probably needing to do that quite soon. Because he's mayor,
• 27:09
  Speaker 17: he is not an MP, so he can't become the
• 27:11
  Speaker 17: Prime minister. But it's thought at least four MPs have
• 27:14
  Speaker 17: offered him their seat. It would need a by election,
• 27:17
  Speaker 17: but it would mean one of them would resign. Andy
• 27:19
  Speaker 17: Burnham stands Andy Burnham gets the seat and then goes
• 27:22
  Speaker 17: from there, and that looks to be perhaps the most
• 27:26
  Speaker 17: likely at the moment scenario. But honestly, as I speak,
• 27:30
  Speaker 17: we're probably going to get more resignations and a week
• 27:32
  Speaker 17: is a long time in politics.
• 27:34
  Speaker 2: And just to clarify for people, this is different from
• 27:37
  Speaker 2: the Conservatives. It doesn't matter how many people oppose you
• 27:39
  Speaker 2: these eighty sixty en piece of posing. You actually need
• 27:41
  Speaker 2: eighty one to get behind a colist, behind a challenger
• 27:46
  Speaker 2: in labor right.
• 27:47
  Speaker 17: Yes, and that needs to be a formal letter and
• 27:51
  Speaker 17: that needs to go in front of the relevant authorities.
• 27:53
  Speaker 17: And at the moment that is not a figure that
• 27:57
  Speaker 17: has been attained. So Sir Kirstarmer was out and about
• 27:59
  Speaker 17: today visiting a college in London alongside the Work and
• 28:04
  Speaker 17: Pension Secretary. But there's no doubt that you know the
• 28:07
  Speaker 17: numbers are building. The number of ministers regularly tops up.
• 28:11
  Speaker 17: I'm tall, I'm told that more could go as well
• 28:14
  Speaker 17: in the next few hours. It is a pretty untenable
• 28:18
  Speaker 17: message and the markets are not liking this. Today the
• 28:21
  Speaker 17: foot Sea one hundred dropped half of one percent and
• 28:24
  Speaker 17: then at the end of the day managed to climb
• 28:26
  Speaker 17: its way pretty even. So pound down against zero, the
• 28:30
  Speaker 17: pound is down against the US dollar. It is very,
• 28:34
  Speaker 17: very full of turnil at the moment.
• 28:35
  Speaker 11: All right.
• 28:36
  Speaker 2: Kevin Gray are UK europe correspondent. By the way, the
• 28:38
  Speaker 2: UK government borrowing costs have jumped to the highest level
• 28:41
  Speaker 2: overnight since two thousand and eight, since the global financial crisis,
• 28:44
  Speaker 2: because of all the uncertainty, touching five point one three
• 28:47
  Speaker 2: percent on ten year eleven to six. Ryan Bridge some
• 28:51
  Speaker 2: Charmer's fifth budget across the ditch seventy seven billion dollars
• 28:54
  Speaker 2: a nit new Texas deficit stays by the way until
• 28:57
  Speaker 2: twenty thirty five.
• 28:59
  Speaker 10: This is the most important and ambitious budget in decades.
• 29:03
  Speaker 10: Important because the world is throwing a lot of us
• 29:05
  Speaker 10: and this budget is about helping Australia deal with those challenges.
• 29:10
  Speaker 10: And ambitious because we have so much going for us,
• 29:13
  Speaker 10: and this budget is about Australia seizing those opportunities.
• 29:17
  Speaker 2: Your Rossie Batler's you work is five dollars a week
• 29:20
  Speaker 2: tax cut for you, negative gearing, capital gains tax breaks
• 29:23
  Speaker 2: scaled back for your investors and property owners. Kelly, you're
• 29:27
  Speaker 2: cold Wistpact Chief economist with us LIME this morning, Kelly,
• 29:29
  Speaker 2: good morning, Good morning.
• 29:31
  Speaker 8: Your thoughts well, I mean, I think for the financial
• 29:36
  Speaker 8: markets this was a bit of a wash because probably
• 29:39
  Speaker 8: the amount of debt hitting the market is not very
• 29:41
  Speaker 8: much different than they expected, but it certainly is a
• 29:45
  Speaker 8: reasonably expansionary budget on net.
• 29:48
  Speaker 9: And if I look at what.
• 29:50
  Speaker 8: Lucy Ellis, my boss in Australia saying, is this issue
• 29:53
  Speaker 8: of a bit of a tailor two horizons there where
• 29:56
  Speaker 8: I mean at the starting point for that Ossie economy,
• 29:58
  Speaker 8: it's been doing well. That's why THERBA has been tightening
• 30:01
  Speaker 8: this year. So the government's seen a bit of revenue
• 30:03
  Speaker 8: from that, so that's good. But then they are spending
• 30:07
  Speaker 8: more money and all of the savings measures that are
• 30:10
  Speaker 8: designed to pay for all of this are backloaded because
• 30:13
  Speaker 8: it's going to take away while before things like capital
• 30:15
  Speaker 8: gains taxes etc. Start to add to the coffers. So
• 30:19
  Speaker 8: there's quite a lot of risk there, particularly since most
• 30:22
  Speaker 8: of those initiatives have to go through legislation. And my
• 30:25
  Speaker 8: understanding is that some of those oppositions, some of those
• 30:28
  Speaker 8: other coalition parties, are not supporting some of these things.
• 30:32
  Speaker 8: So they might be spending a bit of money now,
• 30:34
  Speaker 8: but they might not get the savings later.
• 30:37
  Speaker 2: Plus you've got the thirty six billion I think they
• 30:39
  Speaker 2: want to cut from the disability insurance scheme. All these things,
• 30:42
  Speaker 2: as you say, are going to take time to happen
• 30:44
  Speaker 2: and are not even guaranteed to happen.
• 30:46
  Speaker 8: That was my point. Yeah, particularly on that the savings scheme.
• 30:50
  Speaker 8: I mean, I think that's their equivalent basis seed. You
• 30:53
  Speaker 8: know how challenging it is to start coming back. The
• 30:55
  Speaker 8: other thing I'll say is that the assumptions, the economic
• 30:58
  Speaker 8: assumptions are here. They're quite a bit more rosy than
• 31:01
  Speaker 8: my colleagues in Australia have in terms of, for example,
• 31:04
  Speaker 8: where unemployment's going to peak. They say, actually, you're going
• 31:06
  Speaker 8: to peak at four and a half percent. I would
• 31:08
  Speaker 8: have thought that's pretty fanciful in the current environment.
• 31:12
  Speaker 2: Kelly, you're cold a book very quickly before you go property.
• 31:15
  Speaker 2: They are you know, scaling back negative gearing that are
• 31:19
  Speaker 2: doing the tax changes to property investors, and yet the
• 31:23
  Speaker 2: Treasury's own estimates say it's going to result in fewer
• 31:26
  Speaker 2: houses being built there.
• 31:29
  Speaker 8: Yeah, well, I guess everybody's got a view when they
• 31:32
  Speaker 8: when they kind of like model these these things through.
• 31:36
  Speaker 8: I mean, obviously the increase it's a less less positive
• 31:39
  Speaker 8: environment for investors, isn't it. So I think ordinarily you
• 31:43
  Speaker 8: might expect to be some supply implications are there.
• 31:46
  Speaker 2: Kelly are called Westpac. It is eight to six News
• 31:49
  Speaker 2: Talk SEB.
• 31:51
  Speaker 1: On your radio and online on iHeartRadio Belly Edition with
• 31:56
  Speaker 1: Ryan Bridge and Spark for Business Technology that keeps is
• 32:00
  Speaker 1: this movie news talks there'd be.
• 32:01
  Speaker 2: You had loads of text this morning about Judith Collins
• 32:03
  Speaker 2: and her valedictory in the House yesterday. It was a
• 32:05
  Speaker 2: good speech, and people have been pointing out the fact
• 32:08
  Speaker 2: that Chris Hopkins wasn't there, How rude, how disrespectful, et cetera.
• 32:12
  Speaker 2: I mean, you never know, they probably had other events
• 32:14
  Speaker 2: to go to. But Judith Collins did make a funny
• 32:16
  Speaker 2: quick about when she announced her resignation.
• 32:19
  Speaker 7: I would like to acknowledge that the true news of
• 32:22
  Speaker 7: my resignation because I Shall never retire was greeted with
• 32:26
  Speaker 7: an outpouring of love around Parliament and it was so
• 32:29
  Speaker 7: lovely that I thought I died.
• 32:33
  Speaker 2: So as they didn't go on for too long, which
• 32:35
  Speaker 2: is key news talks, he'd be Bryan Bridge, good morning,
• 32:38
  Speaker 2: Mike morning. What do you reckon about? What did you
• 32:41
  Speaker 2: see the valedictri? Yes, I did.
• 32:43
  Speaker 16: It was eighteen minutes, which you're correct that she didn't
• 32:45
  Speaker 16: go on for that. Some of them going halfway were
• 32:48
  Speaker 16: those things I like what I did like? So she
• 32:51
  Speaker 16: introduced tases yes for the police, and she introduced no
• 32:54
  Speaker 16: smoking in prison.
• 32:55
  Speaker 2: No smoking.
• 32:55
  Speaker 16: And what was interesting about those two stories, as she recounted,
• 32:58
  Speaker 16: was at the time and it's just so classic of
• 33:00
  Speaker 16: the news cycle whenever you say something I'm going to
• 33:03
  Speaker 16: do X Y or Z, it's just roll out the
• 33:05
  Speaker 16: endless people who were forecasting the doom and the misery
• 33:08
  Speaker 16: and how it's right and these None of it happened.
• 33:10
  Speaker 16: It was going to be riots in the prison, None
• 33:12
  Speaker 16: of it ever happened. So it's interesting, isn't it.
• 33:14
  Speaker 2: And also having to convince I thought it was really
• 33:17
  Speaker 2: insightful actually that you have to convince your own colleagues
• 33:21
  Speaker 2: of a lot of things first before you even get
• 33:23
  Speaker 2: to it, because it was.
• 33:24
  Speaker 16: Pretty legal, which was interesting. So anyway, she's on the
• 33:28
  Speaker 16: program this morning. It's something she remained relevant to my eye.
• 33:32
  Speaker 16: So it's length of time versus relevance. So nothing wrong
• 33:37
  Speaker 16: with being there for a long time if you're still relevant.
• 33:38
  Speaker 16: She's seemed relevant for the whole time. A lot of portfolios,
• 33:41
  Speaker 16: a lot of decisions, a lot of jobs, and she
• 33:43
  Speaker 16: leaves something tangible behind that you can point to that's
• 33:45
  Speaker 16: not bad at.
• 33:46
  Speaker 2: And especially the sort of lowly portfolio she was given
• 33:50
  Speaker 2: at the very beginning, and that what's wrong with the
• 33:54
  Speaker 2: National Library is hardly inspiring.
• 33:56
  Speaker 16: Anyway, she's with us, among other things.
• 33:58
  Speaker 2: Fantastic, have a great day. Everybody, see you tomorrow.
• 34:10
  Speaker 1: For more from Early Edition with Ryan Bridge, listen live
• 34:14
  Speaker 1: to News Talks. It'd be from five am weekdays, or
• 34:17
  Speaker 1: follow the podcast on iHeartRadio.