Latest / Early Edition with Ryan Bridge / Full Show Podcast: 09 October 2025

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Full Show Podcast: 09 October 2025 · Early Edition with Ryan Bridge

0:01
Speaker 1: The issues, the interviews and the insight. Ryan Bridge on
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Speaker 1: Earliership with r the Supercenter, explore are the successories and
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Speaker 1: servicing more than one news talk said.
0:12
Speaker 2: Be good morning, Welcome to Thursday. Barbara Edmonds on the
0:14
Speaker 2: OCII US Curry on the shutdown Queenstown voting on Freedom
0:18
Speaker 2: Campus today, Sam Eckerman on A three sixty, and the
0:20
Speaker 2: Bank of England is warning about an AI bubble. The
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Speaker 2: Agenda Thursday, the ninth of October. The Trump Comy Utu
0:28
Speaker 2: story continues. Comy's in court. This is the former FBI
0:31
Speaker 2: boss saying he's not guilty of lying to Congress, President
0:34
Speaker 2: Obama or Vice President Biden ever ask you to investigate
0:39
Speaker 2: a political rival or to go easy on a political rival.
0:44
Speaker 3: Never Why would that have been problematic because it.
0:48
Speaker 4: Would compromise the independence of the Justice Department in the
0:52
Speaker 4: FBI's work. If it's a criminal case or a counterintelligence case,
0:56
Speaker 4: it would introduce politics into which should be a fact
0:59
Speaker 4: driven process.
1:00
Speaker 2: I'll tell you what their defense will be. Shortly, Starers
1:02
Speaker 2: and Mumbai on a trade mission. Remember they signed an
1:04
Speaker 2: FDA back in July. Now the question is when will
1:07
Speaker 2: it actually kick in. He's saying quite clearly he's not
1:10
Speaker 2: up for relaxing visa rules.
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Speaker 5: This is the biggest trade mission that the United Kingdom
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Speaker 5: has ever sent to India, and I think it's really
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Speaker 5: good evidence of just how strong the relationship has got
1:21
Speaker 5: all sorts of businesses here.
1:22
Speaker 2: Tom McClay, by the way, reckons our FDA is with
1:24
Speaker 2: India's halfway, whatever that means. Finally, this morning, one of
1:31
Speaker 2: the world's most popular board games, Cludo, is being turned
1:35
Speaker 2: into a game show on Netflix. Contestants will tackle mental
1:38
Speaker 2: and physical challenges while solving clues. Not the first one
1:41
Speaker 2: they've done, of course. Netflix is doing Monopoly as well.
1:45
Speaker 1: Ryan Bridge on early edition with r VS Supercenter explore
1:50
Speaker 1: r v's accessories and servicing all in one news talks.
1:53
Speaker 2: It'd be nine two the numbers text. Great to have
1:56
Speaker 2: your company just gone eight minutes after five. I'm playing
1:58
Speaker 2: that game with the bank at the moment where I go,
2:00
Speaker 2: I'm not going to lock anything and I'm just gonna
2:02
Speaker 2: wait and see where things land. And I see that
2:06
Speaker 2: Westpac their two year special fixed home loan rate drop
2:09
Speaker 2: from four point sixty five to four point four to nine.
2:13
Speaker 2: Last night, their variable I was cut by point three.
2:17
Speaker 2: Variable Business lending, which is very important. Of course, that's
2:20
Speaker 2: down half a percent for savers. Well, it's the other
2:23
Speaker 2: side of the coin, isn't at Variable saving rates down
2:26
Speaker 2: by zero point one point five to half a percent.
2:29
Speaker 2: This is at Westpac at ASB some savings products there
2:33
Speaker 2: will be cut between thirty five and fifty basis points.
2:37
Speaker 2: So good news for business loans, good news for house prices.
2:41
Speaker 2: Probably eventually bad news for savers. But just check it
2:44
Speaker 2: in a manage front. Buy some of those stable coins
2:47
Speaker 2: that everyone's talking about, or buy some gold, buy some metals.
2:51
Speaker 2: Gold up still up over four thousand dollars. An ounce
2:54
Speaker 2: was reading in the Wall Street Journal this morning about
2:57
Speaker 2: debasement trade, where everybody's freaking out about currencies. Everyone's freaking
3:02
Speaker 2: out about the US dollar and what's going to happen
3:04
Speaker 2: with it, and you've got Trump interfering with the Federal
3:07
Speaker 2: Reserve and all that sort of stuff going on. So
3:09
Speaker 2: everyone's piling into metals. Debasement trade is on the rise. Apparently,
3:15
Speaker 2: as for R three sixty, what's the problem here? This
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Speaker 2: is the new rugby outfit, Tyndall's new thing. I've had
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Speaker 2: a look into this and I just can't see what
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Speaker 2: the problem is, I mean, there is the obvious player issue,
3:28
Speaker 2: which you know, you kind of undermine the training ground
3:31
Speaker 2: all that sort of stuff. But every time there's a monopoly,
3:35
Speaker 2: we want to get rid of it. You know, supermarkets
3:38
Speaker 2: get another one, Banks get us another one, Airlines get
3:41
Speaker 2: us another couple. Rugby, why not? Sam Ackerman on that.
3:46
Speaker 1: Next, the First Word on the News of the Day
3:50
Speaker 1: Early edition with Ryan Bridge and r V Supercenter explore
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Speaker 1: r v's accessories and servicing all in one News Talks.
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Speaker 2: A V five twelve. Good news for renters this morning, too,
4:01
Speaker 2: Taylor says four point four to nine percent run I
4:03
Speaker 2: just fixed for a year. Good on new Taylor. Now,
4:06
Speaker 2: for landlords, their share of in terms of their share
4:09
Speaker 2: of the market buying at the moment, is going out,
4:13
Speaker 2: and that is actually bad news for all of them,
4:15
Speaker 2: because of course your stock goes up and then your
4:16
Speaker 2: rents come down. The number of residential properties available to
4:19
Speaker 2: rent is up twenty four percent compared to a year ago.
4:23
Speaker 2: The average asking rent is down twenty dollars. So not
4:27
Speaker 2: only is the good news for your homeowners with the
4:29
Speaker 2: interstrates coming well, your mortgage holders, I should say, with
4:32
Speaker 2: the interest rates coming down but also for rent is
4:35
Speaker 2: paying rent. Ryan five twelve rugby unions around the globe
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Speaker 2: are banding together against R three sixty unions from New Zealand, Australia,
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Speaker 2: South Africa, England. They're all saying, you can't play for
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Speaker 2: Mike Tindall's new outfit and then go play for your country.
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Speaker 2: Sam Ackman Sports commentated with me this morning. Sam, Good morning, morning,
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Speaker 2: Royan Hey. Critics are saying, some are saying that this
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Speaker 2: will be the death of rugby union.
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Speaker 6: Is it a bit overcooked massively? They just need to
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Speaker 6: take a little breath and remember that professional sport does
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Speaker 6: things like this quite often in the number of sports,
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Speaker 6: and they seem to still be thriving and going on.
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Speaker 6: Rugby league was ripped apart by a civil war in
5:10
Speaker 6: nineteen ninety five and it's producing some of the biggest
5:12
Speaker 6: numbers the sports ever produced.
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Speaker 7: Now Goalscot the live tour.
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Speaker 6: Running separately to the PGA that is supposed to employ
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Speaker 6: that sport, but not happening as well. What this is
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Speaker 6: is a bunch of unions, powerful units they used to
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Speaker 6: have in their own way, circling the wagons. I don't
5:27
Speaker 6: blame them for doing so, but the fact of the
5:30
Speaker 6: matter is there is an entity that we know very
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Speaker 6: little about talking about paying stupid money for these athletes.
5:36
Speaker 6: And good on the athletes, is that anyone who ends
5:38
Speaker 6: up going to this and making that kind of professional athletes,
5:41
Speaker 6: that's what they're to do.
5:42
Speaker 7: They're there to make.
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Speaker 6: A living, as would a plumber, as would a lawyer,
5:46
Speaker 6: as would a journalist. Whoever, if a great money is there,
5:49
Speaker 6: it's there to take. So I think calling it the
5:50
Speaker 6: potential death of rugby is getting a little hysterical, drawing on.
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Speaker 2: The Indian Premier League, as you mentioned the Live Golf thing.
5:57
Speaker 2: In fact, I see that the former lawyer for Live
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Speaker 2: involved in this. Where are they getting all this money from?
6:03
Speaker 6: Yeah, well that's the four billion dollar question, is it right?
6:08
Speaker 6: It's as far as where things are on transparency, there
6:12
Speaker 6: is no We don't even have public figures speaking of this.
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Speaker 6: They're talking about staying in a competition next year with
6:17
Speaker 6: no public plans about who the teams are, where they are.
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Speaker 7: Any sign names.
6:21
Speaker 6: It all feels a little on the dicey side. The
6:25
Speaker 6: fact of the day, this is no bigger threat to
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Speaker 6: New Zealand rugby than French rugby is or rugby League
6:30
Speaker 6: is or if the NFL decided, do you know what
6:32
Speaker 6: we want really good kickers and we're going to go
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Speaker 6: to New Zealand and take the goalkickers out of every
6:36
Speaker 6: super team. It has always options to go other places
6:39
Speaker 6: and good money to do so. The real threat is
6:42
Speaker 6: if too many take up the offer. What does that
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Speaker 6: mean for New Zealand and their international eligibility rules. I'll
6:47
Speaker 6: be for those who have strict rules, it's harder to apply.
6:50
Speaker 6: But I find interesting Australia, for example, South Africa two
6:55
Speaker 6: unions that are happy to pack from overseas.
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Speaker 7: They picked their Wallabies.
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Speaker 6: Or their spring boxer anywhere they want to play except
7:01
Speaker 6: R three sixty. Why because they have no control over
7:04
Speaker 6: what's going on there. It's they will have to one
7:08
Speaker 6: day down the line if three sixty gets off the ground,
7:11
Speaker 6: if it goes well, it's something they need to reconsider
7:14
Speaker 6: right now. International rugby is their bargainingship and they're using it.
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Speaker 2: And does this all have to be signed off by
7:20
Speaker 2: World Rugby And if so, what is their criteria for
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Speaker 2: doing that now?
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Speaker 6: Well, World Rugby is an entity as much like FIFA.
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Speaker 6: They have the greater interest of the game at heart,
7:31
Speaker 6: as long as it works in with their interests. So
7:34
Speaker 6: as long as that world rugby is going to be
7:35
Speaker 6: positioned that they can make enough money from or something
7:38
Speaker 6: that they can work with, well, then they're prepared to
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Speaker 6: talk right now. Because everything is so loosey goosey, there's
7:43
Speaker 6: no rules around it. They're certainly not going to tell
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Speaker 6: the unions that they can't stop these players from being
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Speaker 6: picked from over there because your own individual eligibility rules.
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Speaker 6: The real problem comes when you see some saying well,
7:54
Speaker 6: if you go to three sixty, you won't be welcomed back.
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Speaker 7: Well, it's professional sport.
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Speaker 6: That's like saying back in the if you had converted
8:01
Speaker 6: to rugby league, then you could never go back to rugby.
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Speaker 7: Union or vice versa. Those walls are done.
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Speaker 6: People need to go move past that and understand it's
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Speaker 6: an opportunity for these athletes.
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Speaker 7: Disney's yonders.
8:11
Speaker 6: We want to see the best players playing for the
8:12
Speaker 6: All Backs and be available without question, but the same
8:15
Speaker 6: token if they can't match the money it's being offered,
8:18
Speaker 6: can you really blame them?
8:19
Speaker 2: Absolutely not. Sam preciate that Sam Ackam and Sports commentated
8:22
Speaker 2: with us this morning time at sixteen minutes after five
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Speaker 2: to me, it's like more rugby. If people are watching that,
8:29
Speaker 2: then that's got to be good for rugby, doesn't it
8:31
Speaker 2: People getting paid more? Then what's the big problem? Nineteen nine, two,
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Speaker 2: five sixteen.
8:37
Speaker 1: Get ahead of the headlines on early edition with Ryan
8:41
Speaker 1: Bridge and are the Supercenter explore r VS, accessories and
8:45
Speaker 1: servicing all in one news talks.
8:47
Speaker 2: That'd be five eighteen, Ryan, Rugby can't compete with UFC.
8:51
Speaker 2: Look at how packed the pubs were on Sunday with
8:54
Speaker 2: men aged twenty to thirty six watching USC's three twenty
8:58
Speaker 2: entertainment plus cheers Brad Bradley, thank you for that. I
9:01
Speaker 2: saw the movie yesterday about the original UFC fighters. I
9:06
Speaker 2: was the only one in the movie theater. It was great.
9:09
Speaker 2: Nineteen minutes after five, Bank of England's warning this is
9:12
Speaker 2: the AI bubble that people have been talking about. We
9:14
Speaker 2: spoke about it last week. We had a UK tech investor,
9:17
Speaker 2: quite a good one actually warning about it. Now Bank
9:20
Speaker 2: of England has come out this morning warning about it.
9:23
Speaker 2: Valuations going through the roof, you know, will there be
9:25
Speaker 2: a sudden correction open AI? Remember was worth one hundred
9:28
Speaker 2: and fifty seven billion US dollars in October last year,
9:32
Speaker 2: it's now worth five hundred billion dollars. So this is
9:37
Speaker 2: what they've said. Bank of England's Financial Policy Committee. The
9:40
Speaker 2: risk of a sharp market correction has increased on a
9:42
Speaker 2: number of measures. Equity market valuations appear stretched. This leaves
9:46
Speaker 2: equity markets particularly exposed should expectations around the impact of
9:49
Speaker 2: AI become less less optimistic. And the problem is you
9:53
Speaker 2: had that study come out from Massachusetts from MIT the
9:56
Speaker 2: other week saying that ninety five percent of organization that
10:00
Speaker 2: are using generative AI are getting zero return from their investments.
10:06
Speaker 2: Bryan Bridge five twenty Queenstown Lakes Council voting today on
10:09
Speaker 2: Freedom Campus thirty percent jump and overnight stays there. Region
10:13
Speaker 2: is the most popular for them, double the number of
10:15
Speaker 2: the next most popular, which was Nelson Tasman, pressure on roads, lakes, waterways,
10:20
Speaker 2: all that stuff. Andrea Beryl Is with Save Clean New Zealand,
10:23
Speaker 2: joins me this morning. Andrea, good morning, Good morning, Ryan.
10:27
Speaker 2: How are you very well house beautiful Queenstown this morning.
10:30
Speaker 8: I'm in Monaca and I've not had too many cups
10:32
Speaker 8: of tea yet, so I think we're all good. It's
10:34
Speaker 8: still pretty dark, but yeah, it's all good.
10:37
Speaker 2: Andrea you're not against freedom camping, but what's wrong with
10:40
Speaker 2: some of the places where they are doing it.
10:43
Speaker 8: I mean, I've worked in tourism for nearly over twenty years,
10:46
Speaker 8: so you know, we know that the region heavily relays
10:49
Speaker 8: on tourism. The problem is some of the areas that
10:52
Speaker 8: they've chosen are just a little bit bizarre, like right
10:56
Speaker 8: in front of people's houses. So I look after a
10:58
Speaker 8: property on bicker Point Road which is heavily used by locals, tourists, travelers, bikers,
11:04
Speaker 8: people walking their dogs, runners, and then they want to
11:08
Speaker 8: put five parking spots right outside this house. There's no
11:12
Speaker 8: rubbish facilities, there's no toilet facilities, and on rubbish we
11:16
Speaker 8: can't even get our own rubbish picked up by the
11:18
Speaker 8: council because the road is too narrow. So how on
11:20
Speaker 8: earth are they going to deal with the rubbish from
11:23
Speaker 8: people leaving it behind because not all campers, sadly, are responsible.
11:29
Speaker 2: This is spir laws. This is one of the fifteen
11:31
Speaker 2: designated sites. How are they picking these sites?
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Speaker 8: That's a very good question. So it started with us
11:39
Speaker 8: thinking about Beacon Point Roads, but then it expands to
11:42
Speaker 8: other areas in the region. We've got Allenby park, which
11:44
Speaker 8: is a car part right by Iron, which raises you know,
11:48
Speaker 8: fire hazards. If someone sparks a fire, then Mount Iron
11:52
Speaker 8: goes up and flames. You know, that's alarming. All the
11:55
Speaker 8: rural roads, you know, they've got these rural roads that
11:57
Speaker 8: have said yeah, yeah, come and park on the rural roads,
11:59
Speaker 8: but all the people that live on these rural roads
12:01
Speaker 8: and said, there's actually nowhere safe for people to pull over.
12:05
Speaker 8: It has to be five meters from the road on
12:07
Speaker 8: a hard surface or a heavy gravel sort of area,
12:10
Speaker 8: and that's pretty much someone's driveway. Because the rural roads
12:14
Speaker 8: don't have those. There's some of them are so narrow
12:17
Speaker 8: that you can't turn around. So it's like it's like
12:20
Speaker 8: they've just looked at a map and went they're there,
12:22
Speaker 8: there and there, that they haven't really done it by sight.
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Speaker 2: Andrea, what's it like that? I mean, it's been a
12:27
Speaker 2: while since we've had a camera down there giving us
12:29
Speaker 2: an update. But what's the lot I mean of people
12:31
Speaker 2: still doing their business in the trees and on the
12:33
Speaker 2: streets and stuff, or was a lot plainer than what
12:34
Speaker 2: it used to be.
12:36
Speaker 8: Well, no, the water quality is deteriorating, and why is
12:40
Speaker 8: that you know, and if we allow people to have
12:43
Speaker 8: these so called self contained camper vands, you know, you
12:46
Speaker 8: know these little backpack of lands, they don't they have
12:48
Speaker 8: a little blue sticker saying that you know, they're going
12:50
Speaker 8: to have a pee or a pooh in they're in
12:53
Speaker 8: their van. They're not using those you know. The Camper
12:55
Speaker 8: Van Association, Yes, they've got some beautiful big motor homes
12:59
Speaker 8: and camper vans and they travel around and they're really
13:01
Speaker 8: four there, so and we agree with them, like we
13:03
Speaker 8: want people to come in their campervans, but not everybody
13:06
Speaker 8: is going to be using the toilets on board. And
13:08
Speaker 8: one other issue is there's not that many public dumping
13:11
Speaker 8: stations for people. If they are the responsible people, you know,
13:15
Speaker 8: they need to empty the sewage. And I was looking
13:17
Speaker 8: the other day and from Half to Queenstown there's only
13:20
Speaker 8: two dumping stations. Two but gross, and where are people
13:26
Speaker 8: supposed to dump the poop?
13:28
Speaker 2: Well that's what we're all now thinking about. Andrew, thank
13:30
Speaker 2: you for your time this morning. Andrea Beryl Save, Queen
13:33
Speaker 2: New Zealand spokesperson Queenstown Lake District Council. I think we'll
13:36
Speaker 2: vote on that tomorrow. Forgive me twenty three after five.
13:39
Speaker 2: There is a little bit of me, a little part
13:41
Speaker 2: of me that is a bit happy when I hear
13:43
Speaker 2: about you know, when you start to hear about Freedom Campus,
13:46
Speaker 2: that means these tourists. You know, when you start to
13:48
Speaker 2: hear about things that we like. Once house prices start
13:51
Speaker 2: going up and we complain about that, also, I'll be
13:54
Speaker 2: a little bit happy, you know. Twenty four after five.
13:57
Speaker 1: The early edition Full the Show podcast on iHeartRadio Power
14:02
Speaker 1: by Newstalks IV.
14:05
Speaker 2: Twenty six after five. This story about sick or disabled
14:09
Speaker 2: teenagers getting the doll just doesn't make any sense to me.
14:12
Speaker 2: Government wants to cut the doll for teenagers whose parents
14:15
Speaker 2: earn sixty five thousand plus a year. Okay, their justification.
14:19
Speaker 2: If poor old mum and dad have to cover their
14:22
Speaker 2: living cost, then the teenagers might go out and actually
14:24
Speaker 2: find a job motivation. Okay, fine, that's about four thy
14:28
Speaker 2: eighteen to nineteen year olds they reckon. But here's regets complicated.
14:32
Speaker 2: It turns out that around half that number are getting
14:35
Speaker 2: the doll not because they can't find work, but because
14:38
Speaker 2: they can't work, like physically. Have a look at the
14:41
Speaker 2: whim's website. It lays out the criteria for you. You
14:44
Speaker 2: basically have to prove the reason with a doctor's certificate. Basically,
14:47
Speaker 2: you can't work full time because you have a disability,
14:50
Speaker 2: an injury, or a health condition which prevents it. They
14:53
Speaker 2: mentioned things like chronic stuff like hemophiliacs asthma sufferers. Here's
14:58
Speaker 2: the rub. Little Johnny can't work, and we accept that
15:03
Speaker 2: because the doctor has said so, and the point of
15:05
Speaker 2: cutting Johnny's benefit is to encourage him to work, Then
15:09
Speaker 2: we have an obvious problem. You can't encourage somebody to
15:12
Speaker 2: work who can't work, can you. This makes no sense.
15:15
Speaker 2: Either the government is not believing the health conditions are
15:19
Speaker 2: real or not that serious, or they're saying that parents
15:23
Speaker 2: on sixty five thousand dollars a year should be financially
15:26
Speaker 2: responsible for their kids until they're twenty, even if those
15:30
Speaker 2: kids can't work for good reason, which I think is
15:33
Speaker 2: a bit unfair. Johnny's parents didn't choose I'm sure to
15:37
Speaker 2: have a disabled child or a kid injured in a
15:39
Speaker 2: car crash at home in the prime of their lives. Ministers,
15:42
Speaker 2: I think need to either explain this announcement better or
15:46
Speaker 2: pull a swift U turn before the ink drives on it.
15:50
Speaker 2: I am bread Bread twenty seven after five news talks
15:52
Speaker 2: here B nine two ninety two is the number to
15:54
Speaker 2: text morning, Ryan, I invested in morning, Mandy, I invested
15:58
Speaker 2: in gold in twenty twenty two. Who was twoy two
16:01
Speaker 2: hundred ounce? That's Kiwi dollars. I've just checked this morning.
16:05
Speaker 2: It's seven thousand and thirty announce. Well look at you, Mandy. Congratulations,
16:13
Speaker 2: We're all stoked for you. No, that's very good. Twenty
16:16
Speaker 2: eight minutes after five. We'll talk to Barbara Edmans just
16:19
Speaker 2: before six this morning. So she's come out and said welcoming,
16:23
Speaker 2: cautiously welcoming the OCR decision, yes today, But she's also
16:26
Speaker 2: said that she's worried about inflation. And so my question
16:30
Speaker 2: for Barbara Edmunds this morning is this, what's driving inflation domestically?
16:36
Speaker 2: What's driving inflation? And you would have to say insurance
16:40
Speaker 2: is always up there, but what's the other one council rates?
16:44
Speaker 2: So if you are worried about inflation, do you want
16:48
Speaker 2: them to keep the OCR high forever or do you
16:53
Speaker 2: try and bring down the cost of councils? Do you
16:56
Speaker 2: put in a limit on rates? Rates cap that's what
17:01
Speaker 2: the government wants to do. Will you support that, Barbara Edmonds,
17:04
Speaker 2: if you are so worried as you say about inflation
17:08
Speaker 2: or that's what's driving it. You know, the drones over
17:11
Speaker 2: in Europe, We've been talking about those for a couple
17:13
Speaker 2: of weeks now. Interesting Germany is drawing up a law
17:16
Speaker 2: that's going to let the cops shoot them down out
17:18
Speaker 2: of the sky. This is only past cabinet, hasn't gone
17:21
Speaker 2: through the parliament yet, but basically saying shoot them down.
17:24
Speaker 2: The Kremlin's hybrid war needs to come to an end.
17:27
Speaker 2: They're also instigating a dedicated counter drone unit within police,
17:33
Speaker 2: and they've been talking to the Ukrainians and the Israelis
17:35
Speaker 2: because you know, they know a thing or two about it. Obviously,
17:39
Speaker 2: News Talk ZB Where to the State's Next.
17:48
Speaker 1: On your radio and online on iHeartRadio early edition with
17:53
Speaker 1: Ryan Bridge and are the Supercenter explore are these accessories
17:57
Speaker 1: and servicing all in one?
17:59
Speaker 2: News Talk said to be poor away from Stres Barbara
18:12
Speaker 2: Evans from Labor on the OCI coming up shortly. We'll
18:15
Speaker 2: also head stateside for the latest on the shutdown. We'll
18:18
Speaker 2: hear also about the guy who lit that allegedly lit
18:20
Speaker 2: that massive Palisades fire that wiped out, thousands of homes,
18:24
Speaker 2: see people running and dying. The weird thing that he
18:28
Speaker 2: googled and put on the internet before.
18:30
Speaker 7: He did it.
18:30
Speaker 2: We'll tell you about that shortly.
18:32
Speaker 7: Now.
18:32
Speaker 2: The interesting thing about the shutdown over in the US,
18:35
Speaker 2: lots of your text as well on benefits for young
18:39
Speaker 2: people will get to those shortly. But over in the US,
18:42
Speaker 2: because of the shutdown, there's a bit of a data vacuum.
18:45
Speaker 2: Trump's loathed Bureau of Labor Statistics is pumping out nothing
18:49
Speaker 2: at the moment. Lights are out because of the shutdown,
18:51
Speaker 2: so everyone's looking at alternatives, and basically the alternatives aren't
18:54
Speaker 2: painting a great picture. Bank of America reckons there's been
18:57
Speaker 2: a ten percent rise in unemployment payments in October. That's
19:00
Speaker 2: compared to a year ago. The Carlisle Group, which is
19:02
Speaker 2: a private equity firm, they estimate US employees added seventeen
19:06
Speaker 2: thousand jobs in September. That is down from twenty two
19:09
Speaker 2: thousand in August. And I mean, basically, it's not the
19:13
Speaker 2: end of the world. It's not like there's mass firings
19:15
Speaker 2: going on at the moment, but there's also just not
19:17
Speaker 2: a lot of hiring. We'll get to our US correspondent shortly,
19:20
Speaker 2: it's twenty three to six, Ryan Bridge, and we'll go
19:25
Speaker 2: to our reporters around the country and we will start
19:29
Speaker 2: this morning in christ Church with clear clear Good morning,
19:32
Speaker 2: Good morning.
19:33
Speaker 9: What are we talking about today, Well, the Garden city
19:36
Speaker 9: is going green in more ways than one at the moment. Ryan.
19:39
Speaker 9: This is as we prepare to host the world's top
19:42
Speaker 9: climate mines. We've got more than ninety countries being represented
19:45
Speaker 9: next week at Tibai Convention Center for the International Adaptation
19:50
Speaker 9: Futures Conference. The event aims to accelerate the international climate
19:54
Speaker 9: adaptation with a big focus on issues for Pacific and
19:58
Speaker 9: Indigenous people. The conference co convena Bronwin Heyward says this
20:02
Speaker 9: is the biggest un and climate meeting the country will
20:05
Speaker 9: ever host. Climate change commissions. Holly Walker says it will
20:09
Speaker 9: be a big opportunity to understand cascading risks, basically how
20:13
Speaker 9: one failure can then cause a chain reaction. She says
20:17
Speaker 9: cyclone Gabrielle was one example of this, when the storm
20:21
Speaker 9: knocked out a road with tellercommunications and power beneath it.
20:26
Speaker 2: How's your weather clear?
20:27
Speaker 9: Should be fine today, bit of high cloud increasing this
20:29
Speaker 9: afternoon northerly Be twenty two.
20:32
Speaker 2: Thank you very much for that. Let's go to Dunedin
20:34
Speaker 2: now with Callum Calum good morning morning, right, a bit
20:38
Speaker 2: of a bittersweet end for the Kluther mayor.
20:41
Speaker 7: Yeah, this is Brian Kidogan. His rain is over.
20:45
Speaker 10: He was so first elected in nineteen ninety eight and
20:48
Speaker 10: so has been mayor there since twenty ten.
20:51
Speaker 2: He's sixty five years old now.
20:53
Speaker 10: He says he kept rates rises to four percent for
20:56
Speaker 10: less than or less than that for more than a
20:59
Speaker 10: decade until he'says government water reforms left the council.
21:03
Speaker 7: They're facing massive debt.
21:05
Speaker 10: He says he's been grateful for the chance to serve
21:07
Speaker 10: the district over that time. Since it's time for the
21:09
Speaker 10: next generation now to step up Barricadogan says that the
21:13
Speaker 10: reforms will leave communities ravaged by rate hikes. Sending three
21:17
Speaker 10: waters has the ability to change society, but instead it's
21:20
Speaker 10: say quote cluster stuff.
21:23
Speaker 2: I'm glad you ended it that way. Callum. How's your weather?
21:27
Speaker 2: You have two spots of evening rain?
21:29
Speaker 10: Otherwise find today for Dneda Nordley's pick up end twenty today.
21:32
Speaker 2: All right, Maxim Wellington, Max things looking up there?
21:36
Speaker 7: The exact opposite. Yes, fine sarcasm.
21:39
Speaker 11: The Wellington Chamber of Commerce has been surveying forty senior
21:43
Speaker 11: business leaders in the CBD. They employed about one thousand
21:46
Speaker 11: people on a year ago. About two thirds are either
21:49
Speaker 11: performing the same or worse financially. Despite the fact we've
21:53
Speaker 11: got a local election coming up and it will be
21:55
Speaker 11: difficult to foresee a council and a mayor being elected
21:59
Speaker 11: a little less friendly to businesses than the current ones.
22:01
Speaker 11: Only ten percent are optimistic the capital's economy will be
22:05
Speaker 11: substantially better in a year, consumer confidence and demand being
22:09
Speaker 11: blamed low productivity growth. A majority though very dissatisfied with
22:14
Speaker 11: the council itself. They're not being talked to and where
22:16
Speaker 11: they are they feel their input is being ignored. The
22:18
Speaker 11: Council's chief Economic and Engagement officer has told us she
22:23
Speaker 11: concedes there are certainly improvements to be made, but she
22:26
Speaker 11: believes they're on the right path to being business friendly.
22:29
Speaker 11: All right, how's your win her overcast rizzley, strong winds sixteen.
22:33
Speaker 2: All right, cheers mate and Neva in Auckland, Nev, good morning,
22:36
Speaker 2: good morning. So we've got investigators searching East Auckland for
22:39
Speaker 2: anyone connected to this fire.
22:42
Speaker 12: Yes, it's right. Look double homicide, father and son. So
22:45
Speaker 12: police they've confirmed that Buckland's beach fire last week, killing
22:49
Speaker 12: the thirty six and eleven year old was deliberately lit.
22:53
Speaker 12: So we know that three people escape the blaze. Now
22:55
Speaker 12: we know that an accelerant was found at the scene.
22:58
Speaker 12: Police they are seeking any foot of people in the
23:01
Speaker 12: area before the fire. They don't have a person of
23:03
Speaker 12: interest yet, but they're hoping that information from the public
23:05
Speaker 12: will help. So if you know anything, in contact the police.
23:08
Speaker 2: Absolutely. I saw there as a fire truck broke down.
23:10
Speaker 2: Did you see that yesterday? On the way to a job.
23:14
Speaker 2: And because they're going on strike of course, so they
23:16
Speaker 2: posted a photo of them standing in front of this
23:19
Speaker 2: useless truck just sitting idle doing nothing while there's a
23:23
Speaker 2: fire burning.
23:23
Speaker 12: And this isn't the first time either, is it, that
23:25
Speaker 12: they've had broken down trucks. It happens a little bit.
23:29
Speaker 12: I think a couple of months ago there was a
23:30
Speaker 12: fire here in Auckland. They had to get a truck
23:32
Speaker 12: from Hamilton that broke down or something.
23:35
Speaker 2: Or rather the big problems and you think like there
23:38
Speaker 2: are basic things that you sort of expect will happen
23:41
Speaker 2: in society, you know, like law and order sort of,
23:45
Speaker 2: some sort of defense and maybe a fire truck that
23:47
Speaker 2: works exactly. How's that weather?
23:50
Speaker 7: OK?
23:50
Speaker 12: Scattered rain around about midday clearing though this evening nineteen
23:54
Speaker 12: is the high here in Auckland.
23:54
Speaker 2: Not the rain can put all the fires out. Fantastic
23:57
Speaker 2: thanks to eighteen away from six News Talks the b
24:00
Speaker 2: the States.
24:00
Speaker 1: Next international correspondence with ends and eye insurance. Peace of
24:05
Speaker 1: mind for New Zealand business go.
24:07
Speaker 2: To the thick Farber imands standing by. You know that
24:09
Speaker 2: big Palisades fire in Los Angeles earlier this year, massive
24:12
Speaker 2: one twelve people died. COMPS have just arrested.
24:15
Speaker 13: A guy from Florida, Jonathan rendernsh aged twenty nine, residing
24:20
Speaker 13: in Melbourne, Florida, was taken into federal custody by ATF
24:23
Speaker 13: special agents, a Los Angeles City Fire Department investigator and
24:28
Speaker 13: a Los Angeles Police detective. Renderneck, as the US attorney
24:33
Speaker 13: mentioned as charged under Title eighteen eight forty four f
24:35
Speaker 13: Malicious destruction by means of a fire, real property owned
24:38
Speaker 13: by an organization receiving federal financial assistance. I can tell
24:43
Speaker 13: you this from day one ATF and our partners have
24:46
Speaker 13: been relentless. We made a promise to find answers, and
24:50
Speaker 13: we have kept that promise.
24:52
Speaker 2: Nick Happa is a US correspondent.
24:53
Speaker 7: Nick.
24:54
Speaker 2: What do we know about him?
24:55
Speaker 7: Hey, good morning, Ryan.
24:56
Speaker 3: Not a great deal of this stage. We know that
24:58
Speaker 3: he's a twenty nine year old man, Jonathan Rindagnick. As
25:01
Speaker 3: we heard there, he was allegedly working as an uber
25:04
Speaker 3: driver at the time, and after dropping off someone, he
25:08
Speaker 3: apparently started a fire on a nearby trail, and it
25:11
Speaker 3: was that fire that then spread dramatically right around the area,
25:15
Speaker 3: leading to the destruction of almost seven thousand buildings and
25:19
Speaker 3: twelve people unfortunately also died in these fires. I mean,
25:22
Speaker 3: it was unbelievable, some of those pictures, those images that
25:26
Speaker 3: we saw coming out of Los Angeles in January this year.
25:29
Speaker 3: Prosecutors say that he maliciously started this blaze. They don't
25:33
Speaker 3: know the motive yet, but they are very much saying
25:36
Speaker 3: that he was behind it, that he orchestrated it, and
25:39
Speaker 3: that he did plan this to happen. But of course,
25:43
Speaker 3: the extent of this fire was not known at the time.
25:46
Speaker 3: I guess when he started this, he could not have
25:47
Speaker 3: predicted it at the moment he's being charged with destruction
25:50
Speaker 3: of property, but of course additional charges may be added,
25:54
Speaker 3: and we could see things including the amount of buildings
25:57
Speaker 3: destroyed seven thousand added to those charges, potentially even something
26:01
Speaker 3: related to the deaths of those twelve people as well.
26:04
Speaker 2: All right, Nick on Comy, he's obviously blame in court
26:06
Speaker 2: as far as an arraignment, and he's plading not guilty.
26:09
Speaker 2: And I see that his lawyers are going out after
26:11
Speaker 2: the US attorney that Trump appointed.
26:14
Speaker 3: Yeah, that's right. I mean they feel that this is
26:16
Speaker 3: just a hit job against James Commey, the former FBI director.
26:19
Speaker 3: They feel it's payback retribution from the US president who
26:23
Speaker 3: has been targeting and where possible, trying to prosecute his enemies.
26:28
Speaker 3: Donald Trump has described Comy and others as guilty as hell.
26:33
Speaker 3: His lawyers, though, say that this is something that has
26:36
Speaker 3: just been targeted against the FBI director, the former FBI director,
26:41
Speaker 3: and that is it is a malicious and selective prosecution.
26:45
Speaker 3: His lawyer's trying to get this case thrown out, also
26:47
Speaker 3: not happy with the judge Trump appointed judge there presiding
26:52
Speaker 3: over the case. There is a possibility of five years
26:55
Speaker 3: in jail for James Comy. If he's found guilty, trial
26:58
Speaker 3: takes place at the beginning of next year, January the fifth.
27:00
Speaker 3: The president, of course, arguing that he has to get
27:03
Speaker 3: behind bars for being part of this Trump Russia probe
27:07
Speaker 3: looking at Donald Trump's when back in twenty sixteen they
27:10
Speaker 3: say that he lied to Congress about exactly what he
27:13
Speaker 3: was involved in in that investigation.
27:15
Speaker 2: Cheers Nick. Nick Harper, our US correspondent. This morning, time
27:18
Speaker 2: is twelve away from six Ryan Bridge jode Icars dropped
27:21
Speaker 2: fifty points. We're two and a half percent full consensus
27:24
Speaker 2: with the Monetary Policy Committee and we may get another
27:27
Speaker 2: quarter hit before Christmas. Labour's finance spokesperson Barbara Edmonds says,
27:30
Speaker 2: the banks taking a risk.
27:32
Speaker 14: My concern is around the inflation, particularly being sticky. Is
27:35
Speaker 14: it might come down next year, but those administered costs
27:38
Speaker 14: that we are seeing are.
27:39
Speaker 2: Quite a concern for me. She's with me now. Good morning,
27:42
Speaker 2: Good morning, Ryan, Good to have you on the show.
27:44
Speaker 2: As always, did they make the wrong call?
27:48
Speaker 14: Well, I think they made the right call given the
27:50
Speaker 14: data that they've got before them, and even in the
27:52
Speaker 14: immedia statement they did talk about those inflationary risks, but
27:56
Speaker 14: ultimately right now they believe they're a spare capacity in
28:00
Speaker 14: the economy, which is why they had to cut interest
28:03
Speaker 14: rates have indicated a potential further put and for me,
28:07
Speaker 14: it's a direct response to the economic damage caused by
28:10
Speaker 14: crystop re luxan.
28:11
Speaker 2: You're talking about the inflation problem, domestic inflation. Council rates
28:15
Speaker 2: always a big one. Are you going to support a
28:17
Speaker 2: rates What are you going to do to keep that down?
28:20
Speaker 2: If inflation is such a worry for you.
28:23
Speaker 14: We can to see where the government gets to with
28:25
Speaker 14: their work on that, and we want to see the detail.
28:28
Speaker 14: If it's a good policy proposal, we know that it
28:31
Speaker 14: will help bring rates down, we will provide the support
28:33
Speaker 14: where we need to.
28:35
Speaker 2: What does a good proposal look like?
28:38
Speaker 14: And again they've got a group working on that. We
28:41
Speaker 14: want to see what that looks like. And you do
28:43
Speaker 14: need the detail about that because obviously any policy detail
28:46
Speaker 14: may have other consequences. So we really hope the governments
28:49
Speaker 14: when they do come up with a response to it,
28:52
Speaker 14: that it be something that we can support because we
28:55
Speaker 14: know that ratepayers are hurting.
28:57
Speaker 2: If they say, look, we want to elect capitat inflation,
29:02
Speaker 2: would you be on board with that?
29:05
Speaker 14: And it depends on then how the councils are going
29:08
Speaker 14: to be supported to pay for the infrastructure that they need.
29:11
Speaker 14: So there are pros and cons to that, because councils
29:13
Speaker 14: obviously need money for historical water infrastructure that hasn't been
29:18
Speaker 14: kept up to date. So again we're open to supporting
29:21
Speaker 14: the government, but we need to see the detail and
29:24
Speaker 14: we do look forward to that.
29:25
Speaker 2: You've said this is down to national's economic mismanagement, and
29:29
Speaker 2: you know it's hell and a hand basket stuff. When
29:31
Speaker 2: Labour left office, infation was six to seven percent, the
29:34
Speaker 2: ocr was five and a half.
29:38
Speaker 14: And we were coming off the back held some really
29:40
Speaker 14: high tradable inflation so real high global prices. But ultimately,
29:47
Speaker 14: since the government has come in, the economy is going backwards.
29:50
Speaker 14: We've lost thirty six thousand jobs since they took over.
29:53
Speaker 14: We've had two seven hundred business liquidations and quis are
29:57
Speaker 14: leaving overseas like two hundred per day. So he has
30:00
Speaker 14: gone backwards. Christphal lucks and promised to make it better,
30:02
Speaker 14: but he's made it worse.
30:04
Speaker 2: Hey, Barbara, a lot of people were impressed by your
30:07
Speaker 2: performance at the mood of the boardroom the other week.
30:09
Speaker 2: Have you had much good feedback about.
30:11
Speaker 14: That I have, and it was an interesting time time
30:17
Speaker 14: to be there. I mean, ultimately, I think it was
30:20
Speaker 14: a very strong message to Nikola Willis and to Christopher
30:24
Speaker 14: Luxeon that you can keep saying growth, growth, growth, but
30:27
Speaker 14: you actually that they actually want to see action on that.
30:29
Speaker 2: All right, Barbara, appreciate your time this morning. Thanks for
30:31
Speaker 2: being on the show. Barbara Edmonds, whose Labour's finance spokesperson,
30:34
Speaker 2: time is nine to six news talks, heb News.
30:37
Speaker 1: And Views you trust to start your day. It's earlier
30:41
Speaker 1: this ship with Bryan Bridge and are the supercenter next floor?
30:45
Speaker 1: Are these accessories and servicing? Fall than one news talks?
30:48
Speaker 2: B sive into six news talks hereb we just spoke
30:50
Speaker 2: to Barbara Edmonds from Labor and a lot of you
30:52
Speaker 2: are saying, well, what the hell does she know? Why
30:54
Speaker 2: would we even listen to her? Well, I mean she
30:56
Speaker 2: could be the finance minister. I mean if you look
30:58
Speaker 2: at that pole yesterday, she could be the finance minister.
31:01
Speaker 2: I think at least she's willing to sit down and
31:03
Speaker 2: have a well, I think a genuinely constructive conversation about
31:07
Speaker 2: a rates cap. I think she sounded pretty genuine on that.
31:10
Speaker 7: It is six to six.
31:11
Speaker 2: Now Mike's in the studio. Morning, Mike, Greetings, what's on
31:14
Speaker 2: the show today?
31:15
Speaker 15: Well, Jeffrey Archer apart from anything else, and the finance minister,
31:20
Speaker 15: but the three sixty thing we'll look at as well.
31:24
Speaker 2: What's your thinking?
31:24
Speaker 15: Well, well, first of all, no one cares because there's
31:27
Speaker 15: no buying, is there. See Ronaldo this morning has been
31:31
Speaker 15: made Bloomberg's first official football billionaire. And I was thinking
31:36
Speaker 15: about this, do you? So he's paid four hundred as
31:40
Speaker 15: real money comes from endorsements and stuff, not necessarily as
31:42
Speaker 15: salary anyway, So he's sitting in Saudi Arabia. Tell me
31:46
Speaker 15: the result of his team's last out.
31:47
Speaker 2: H wouldn't you would have a clear No one cares.
31:49
Speaker 15: So he's sitting in Saudi Arabia earning all this money,
31:52
Speaker 15: presumably in a nice house with some servants. Now, are
31:54
Speaker 15: you genuinely happy when you look at the EPL And
31:58
Speaker 15: you're looking at the EPL and go I could be there,
32:00
Speaker 15: or the Sierra League in Europe and I could be there,
32:02
Speaker 15: but I'm not. I'm in Saudi Arabia earning I've got
32:05
Speaker 15: shed loads of dough. Are you genuinely fulfilled? Or would
32:09
Speaker 15: you rather be elsewhere earning lists. You see what I'm saying.
32:11
Speaker 2: Well, yeah, but he's obviously obviously he's happy.
32:13
Speaker 15: Otherwise, No, you don't know that he might have massive regrets.
32:17
Speaker 15: I don't think I could work for somebody I would
32:19
Speaker 15: need to enjoy, no matter what, I would need to
32:21
Speaker 15: enjoy what I'm doing. I don't mind earning a lot
32:23
Speaker 15: of money.
32:23
Speaker 2: But clearly not. But I need But it is. But
32:26
Speaker 2: don't you need to? I mean, sure, it's all very
32:28
Speaker 2: well to say I need to, I need to have
32:29
Speaker 2: purpose and all that stuff. But maybe you reach a
32:32
Speaker 2: point where you've fulfilled your purpose. Possibly you've tipped all
32:35
Speaker 2: the boxes you wanted to check, and actually now you
32:37
Speaker 2: just like to be ripped.
32:38
Speaker 15: The funny thing about the R three sixty thing is
32:40
Speaker 15: no one's going to care about it because there is
32:42
Speaker 15: no buy in.
32:43
Speaker 2: But here's here's the really interesting They start paying and
32:46
Speaker 2: then the players go fun.
32:48
Speaker 15: No, no, because if a player at Ardie Savia, Yeah, okay,
32:52
Speaker 15: so they get Ardie Savia and they pay him one
32:53
Speaker 15: hundred and twenty million dollars and he's sitting next to
32:55
Speaker 15: Ronaldo and his gated community having.
32:58
Speaker 2: The time of his life.
32:58
Speaker 15: Are you're watching the game that ARTI you're not watching artists,
33:01
Speaker 15: sob you watch Ardie Sabia because he plays with the
33:03
Speaker 15: All Blacks and he's a great all black, aren't you.
33:05
Speaker 2: That's what he is in New Zealand? Yes, but what
33:08
Speaker 2: about the rest of the world.
33:09
Speaker 15: The bristl of the World's got their own teams and
33:11
Speaker 15: their own competitions.
33:12
Speaker 2: So here's the real issue.
33:14
Speaker 7: All right.
33:14
Speaker 15: So if you've done a deal which they have with
33:17
Speaker 15: people to go on sabbaticals to Japan, for example, you
33:20
Speaker 15: go away for a season, earn a lot of money,
33:22
Speaker 15: come back and being all black another day, you've set
33:24
Speaker 15: a legal precedent. So what the associations are saying now
33:28
Speaker 15: is you can't you go to R through sixty. You're
33:30
Speaker 15: banned from being an international Will hold on, wait a minute.
33:32
Speaker 15: You've already done a deal with Japan in places like that.
33:35
Speaker 15: Why is this suddenly different?
33:36
Speaker 2: And legally can get away with it directing like the Kremlin.
33:40
Speaker 2: But yeah, you're monopoly.
33:41
Speaker 15: You're constraining a market, yes, but I don't know that
33:44
Speaker 15: you're allowed to constraint with supermarkets.
33:46
Speaker 2: We want more, we want a lines, we want more
33:49
Speaker 2: right banks, we want more rugby HM. Mike's for your
33:53
Speaker 2: next to have a great Thursday Seat tomorrow.
34:06
Speaker 1: For more from Early Edition with Ryan Bridge, Listen live
34:09
Speaker 1: to news Talks it'd be from five am weekdays, or
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