Latest / Early Edition with Ryan Bridge / Full Show Podcast: 28 October 2026
Transcript
- 0:00Speaker 1: The issues, the interviews and the insight. Ryan Bridge on
- 0:04Speaker 1: Early Edition with Spark for Business.
- 0:07Speaker 2: Technology that keeps business moving.
- 0:09Speaker 1: Newstalk ZB.
- 0:10Speaker 2: Good morning, welcome to Wednesday. Coming up on the show,
- 0:12Speaker 2: the OCR, we've got an unlikely pundit jumping into the
- 0:16Speaker 2: Hold Not Hike camp. Gavin's in the UK for us.
- 0:19Speaker 2: These two guys arrested over a terror plot at the
- 0:21Speaker 2: Air Force Base have been named. Labor's rent-to-buy scheme doesn't
- 0:25Speaker 2: stack up. And will Netanyahu hold on to his job?
- 0:28Speaker 2: We're live to Jerusalem.
- 0:31Speaker 3: The agenda.
- 0:32Speaker 2: Wednesday the 28th of October, big turnout in this Israeli election.
- 0:36Speaker 4: I think there are hate to say it, criminal elements
- 0:39Speaker 4: in the current Israeli government that need to be removed.
- 0:42Speaker 4: where already over 100 prisoners were killed by torture, some
- 0:47Speaker 4: of them by intentional starvation. I think at this moment
- 0:51Speaker 4: I said, I just have to do whatever I can,
- 0:53Speaker 4: you know.
- 0:54Speaker 2: Two blocks, you've got to get 61 to win Netanyahu
- 0:57Speaker 2: on what was essentially their coalition block of more right-wing
- 1:01Speaker 2: or hardline ones. And then you've got Eisenkart, who is
- 1:05Speaker 2: your let's get rid of Netanyahu vote, polling neck and neck.
- 1:09Speaker 5: Earlier this morning, Benjamin Netanyahu voted here in Jerusalem along
- 1:14Speaker 5: with his wife, Sarah. And a few hours afterwards, his
- 1:18Speaker 5: chief rival, Gadi Eisenkot, cast his ballot along with his wife, Hannah.
- 1:23Speaker 5: A lot of journalists were present at the scene. Gadi
- 1:27Speaker 5: Eisenkot and his wife made a point of stopping by
- 1:30Speaker 5: the grave of their son, who died along with two
- 1:34Speaker 5: of their nephews in the Gaza war.
- 1:37Speaker 2: Right, let's go to the UK, the Air Force base,
- 1:39Speaker 2: the terror plot. Two British men, both aged 24, have
- 1:42Speaker 2: been charged over this plot, which was to help Iran's
- 1:45Speaker 2: intelligence service.
- 1:46Speaker 6: We know that decisions made during our investigations can sometimes
- 1:50Speaker 6: appear illogical to those on the outside. But I want
- 1:53Speaker 6: to make it very clear that there will always be
- 1:56Speaker 6: a good reason or rationale behind them. We will always
- 1:59Speaker 6: ensure that should we identify any ongoing threat, we will
- 2:03Speaker 6: manage that as part of the investigation.
- 2:06Speaker 2: Now we've got some Europeans on the phone to Putin.
- 2:09Speaker 2: This is first time in more than a year. Finland's president,
- 2:11Speaker 2: Norway's prime minister. The call was described as frank. It
- 2:15Speaker 2: comes as there is a truce that's begun in a
- 2:17Speaker 2: Ukrainian city which has been under Russian occupation since 2022.
- 2:21Speaker 2: It is pretty desperate.
- 2:23Speaker 7: So we really welcome from NRC's perspective the announcement of
- 2:27Speaker 7: the localized ceasefire. And we think it is a really
- 2:29Speaker 7: positive step in the crisis.
- 2:33Speaker 1: News and views you trust to start your day. It's
- 2:36Speaker 1: early edition with Ryan Bridge and Spark for Business. Technology
- 2:40Speaker 1: that keeps business moving.
- 2:42Speaker 2: Newstalk ZB. 9292 is the number to text. We'd love
- 2:45Speaker 2: to hear from you. So Shamabil Yarkob is your guy,
- 2:48Speaker 2: because normally it's just Jared Kerr from Kiwibank who says, no,
- 2:51Speaker 2: don't hike the OCR, just keep it as it is,
- 2:53Speaker 2: otherwise you'll screw the pooch on our economic recovery. Well, yesterday,
- 2:58Speaker 2: Sharma Bill Yarkop, well, actually, he said it last week,
- 3:00Speaker 2: but it was reported yesterday. This was to the Investors
- 3:02Speaker 2: Association New Zealand annual conference. I know, it sounds fascinating.
- 3:07Speaker 2: But he said one of the big risks that the
- 3:09Speaker 2: Reserve Bank, they are at risk of making the same
- 3:12Speaker 2: mistake that they did after the GFC when they raised
- 3:15Speaker 2: interest rates and they did that too early and they
- 3:17Speaker 2: killed off the economic recovery. We're at risk of repeating
- 3:21Speaker 2: that same mistake again, is what he is saying. And
- 3:24Speaker 2: he points to the labour cost index, which is the
- 3:26Speaker 2: Reserve Bank forecast over the course of the last decade.
- 3:31Speaker 2: And he says, you look at that and the Reserve
- 3:33Speaker 2: Bank says, just wait, labour costs are going to go up,
- 3:36Speaker 2: labour costs are going to go up, because when you've
- 3:39Speaker 2: got prices going up and when you've got inflation happening,
- 3:42Speaker 2: then wages normally follow suit. You get the second round
- 3:45Speaker 2: of inflation, what they talk about. Well, he says they've
- 3:48Speaker 2: been wrong for the last six years that that would happen.
- 3:51Speaker 2: So why would we believe that it would happen now?
- 3:53Speaker 2: He also makes the interesting point about house prices, because
- 3:56Speaker 2: interest rates are supposedly low at a, you know, they
- 4:01Speaker 2: are at an expansion territory below 3%. But people aren't
- 4:05Speaker 2: running out to get mortgages and buy houses and pushing
- 4:08Speaker 2: prices up, are they? There's no queue at the bank.
- 4:11Speaker 2: So his point is, if you do it now, then
- 4:14Speaker 2: you risk the recovery, which is clearly starting to get underway.
- 4:19Speaker 2: Unemployment is still high. Wages are not skyrocketing. Businesses are
- 4:23Speaker 2: battling to pass on those costs. So is now the
- 4:26Speaker 2: right time? We'll talk to Kelly Echold about that before
- 4:28Speaker 2: top of the hour this morning. Also, how's Trevor Mallard's
- 4:32Speaker 2: Trump-style voter suppression tweet ageing, do we think? Not very well.
- 4:37Speaker 2: If you look at the numbers, this is from the
- 4:39Speaker 2: Electoral Commission. So almost 70,000 people voted on the first
- 4:46Speaker 2: day of voting in the New Zealand general election for 2026.
- 4:49Speaker 2: And that is more than the 2023 election, which was 65,845.
- 4:52Speaker 2: So if this is what voter suppression looks like, then
- 4:55Speaker 2: 2023 was a doozy.
- 5:04Speaker 1: Ryan Bridge.
- 5:05Speaker 2: Time is 11 minutes after five. Great to have your company.
- 5:08Speaker 2: We're in Jerusalem for the Israeli election next.
- 5:19Speaker 1: The first word on the news of the day. Early
- 5:22Speaker 1: Edition with Ryan Bridge and Spark for Business. Technology that
- 5:26Speaker 1: keeps business moving.
- 5:28Speaker 2: News Talk ZB. 13 after 5, another whoopsie from a
- 5:31Speaker 2: Labour candidate on the campaign trail. This time it is
- 5:34Speaker 2: the Auckland Central candidate, Naisi Chen, who has been told,
- 5:38Speaker 2: just stick to your knitting on foreign policy, please. She's
- 5:42Speaker 2: been doing posts on social media saying, and a bunch
- 5:45Speaker 2: of other places. And this is all to Chinese-speaking voters,
- 5:51Speaker 2: all in Mandarin, and has been apparently a little more
- 5:55Speaker 2: pro-Beijing than the party would have liked. So she's been
- 5:58Speaker 2: told to rein it in. This is according to reporting
- 6:01Speaker 2: from The Post, which I found very interesting. So she
- 6:04Speaker 2: was a Labour MP, now just a candidate, is currently
- 6:07Speaker 2: ranked 34 on the party list. and probably won't get
- 6:11Speaker 2: into Parliament on that basis, because Chloe Swarbrick's probably going
- 6:15Speaker 2: to win Auckland Central, although I noticed that Candice Kinzer,
- 6:18Speaker 2: I think her name is, the national candidate, is nipping
- 6:20Speaker 2: at her heels in a poll. But there you go.
- 6:23Speaker 2: More trouble on the campaign trail for one Christopher Hipkins,
- 6:26Speaker 2: 14 after five. Speaking of polls, Israel going to the
- 6:31Speaker 2: voting booth today. Turnout so far at record levels. You've
- 6:34Speaker 2: got Netanyahu hoping to cling on to power. You've got
- 6:37Speaker 2: a former military chief in Eisenkot who is nipping at
- 6:40Speaker 2: his heels. Linda Gredstein, CBS Middle East correspondent in Jerusalem
- 6:44Speaker 2: with us. Linda, how's it looking so far?
- 6:48Speaker 8: Well, as you said, the turnout is really high and
- 6:50Speaker 8: we don't know really the results. The polls have been
- 6:54Speaker 8: showing that Eisenkot, the former general chief of staff who
- 6:59Speaker 8: lost a son and two nephews in the war since
- 7:02Speaker 8: October 7th, slightly ahead of Netanyahu, The question, though, is
- 7:07Speaker 8: who will be able to form a coalition? And that
- 7:10Speaker 8: will reach a majority of 61 out of 120 seats
- 7:14Speaker 8: in the Knesset. And again, the polls show that the
- 7:17Speaker 8: Eisencutt bloc or the bloc for change has 56, 55,
- 7:21Speaker 8: 56 votes. The Netanyahu bloc, you know, for keeping Netanyahu
- 7:27Speaker 8: in power has about 50. Now, the Arab citizens of Israel,
- 7:31Speaker 8: who are about 20 percent, could put Eisenkot over the top. However,
- 7:35Speaker 8: some of his partners have said that they will not
- 7:37Speaker 8: be part of a government that includes Arab members of
- 7:42Speaker 8: the Knesset. So it's really, we just don't know. It's
- 7:46Speaker 8: going to depend on who can form a coalition. And
- 7:48Speaker 8: if nobody can form a coalition, then Israel will go
- 7:52Speaker 8: to another election, which has happened in the past as well.
- 7:55Speaker 2: From what I've been reading so far, Linda, it seems
- 7:58Speaker 2: very difficult to place, well, Netanyahu on one side with
- 8:01Speaker 2: the far right and the ultra-Orthodox, you can probably place
- 8:03Speaker 2: in a particular basket, but quite hard to place the
- 8:07Speaker 2: other block. Is it basically just anyone, but let's get
- 8:10Speaker 2: rid or change the government?
- 8:13Speaker 8: Well, that's certainly part of it, but they also agree
- 8:15Speaker 8: on other issues. For example, drafting the ultra-Orthodox, which is
- 8:19Speaker 8: a big issue in Israeli society. They agree that The
- 8:25Speaker 8: education system has to be improved. Israel has dropped within
- 8:29Speaker 8: the OECD countries to one of the lowest levels of education.
- 8:34Speaker 8: So there is agreement on a lot of things. But
- 8:38Speaker 8: Eisenkot has very little political experience. At the same time,
- 8:41Speaker 8: he comes across as someone with integrity. If he does
- 8:46Speaker 8: eventually form the coalition, he will be the first prime
- 8:49Speaker 8: minister from what's called Mizrahi. In other words, his parents
- 8:53Speaker 8: are Moroccan. He grew up in Eilat. So the other
- 8:56Speaker 8: prime ministers like Netanyahu have all been Ashkenazi, sort of
- 9:00Speaker 8: Eastern European, the founders of Israel and kind of seen
- 9:04Speaker 8: a little bit more as the political and economic elite.
- 9:06Speaker 2: What happens if Netanyahu, and look, we could be looking
- 9:10Speaker 2: at weeks or months of, you know, political wrangling to
- 9:13Speaker 2: actually form a government here. But if he does get
- 9:16Speaker 2: the boot, what does it mean for Israel and the world?
- 9:20Speaker 8: Well, that's the question. I mean, right now, Israel is
- 9:22Speaker 8: kind of a pariah in the world. And even with
- 9:25Speaker 8: the United States, I mean, President Trump did endorse Netanyahu
- 9:28Speaker 8: kind of at the last minute. But everywhere, I mean,
- 9:32Speaker 8: you know, there's increasing sanctions on Israel, increasing boycotts. So,
- 9:37Speaker 8: you know, it's possible that a different government will at
- 9:41Speaker 8: least begin to improve Israel's position in the world. But Eisenkot,
- 9:48Speaker 8: the former general, hasn't made that clear what exactly his
- 9:52Speaker 8: position would be on issues like the Palestinians, the future
- 9:56Speaker 8: of Gaza, things like that. So again, it's just too
- 9:59Speaker 8: early to... know. But I think that a lot of
- 10:02Speaker 8: Israelis feel that it's really time for change, time for
- 10:06Speaker 8: a new government. Netanyahu has been Israel's longest, more than
- 10:12Speaker 8: 19 years. He's currently on trial in several issues of corruption.
- 10:17Speaker 8: which he says, of course, he's completely innocent of. But
- 10:20Speaker 8: I think there is a sense that Israelis want something else.
- 10:23Speaker 8: The question is, will Eisenkot be able to put together
- 10:26Speaker 8: a coalition that will be sort of centrist and that
- 10:31Speaker 8: will reflect the majority of how Israelis are feeling? Emigration
- 10:35Speaker 8: from Israel has increased dramatically in the last few years.
- 10:38Speaker 8: So there's really a sense that this election is perhaps
- 10:41Speaker 8: the most crucial in the country's history.
- 10:43Speaker 2: Linda Gradstein, great to have you on the program as always.
- 10:46Speaker 2: CBS Middle East correspondent live from Jerusalem for us this morning,
- 10:49Speaker 2: 19 minutes after five. You're on Newstalk ZB. Next, Labour's
- 10:54Speaker 2: rent-to-buy scheme, a blessing or a curse?
- 10:57Speaker 1: The early edition full show podcast on iHeartRadio, powered by
- 11:02Speaker 1: Newstalk ZB. Get ahead of the headlines on Early Edition
- 11:08Speaker 1: with Ryan Bridge and Spark for Business, technology that keeps
- 11:12Speaker 1: business moving.
- 11:13Speaker 2: News Talk ZB. Welcome back. 21 minutes after five, Gavin
- 11:16Speaker 2: Gray will have the names of those two who have
- 11:17Speaker 2: been charged and named in the UK terror plot that's
- 11:20Speaker 2: coming your way in about 30 minutes' time. First, here
- 11:24Speaker 2: at Home and Politics, Labour's rent-to-buy scheme. It would let
- 11:27Speaker 2: Kāinga Ora tenants save $ 100 a week off their rent,
- 11:31Speaker 2: and they would save that towards a deposit, which they
- 11:33Speaker 2: could then use to purchase the property they're living in.
- 11:36Speaker 2: Every home that we sell to the existing tenant, we
- 11:39Speaker 2: need to build three houses alongside that. Matt Ball, New
- 11:42Speaker 2: Zealand Property Investors Association, with us this morning. Matt, good morning. Federation,
- 11:46Speaker 2: I should say. Good to have you on the show, Matt. Yeah, morning, Ryan.
- 11:50Speaker 2: Thanks for having me on. So does this work, this
- 11:52Speaker 2: kind of thing?
- 11:55Speaker 9: Look, it's quite a niche scheme, but it is a
- 11:57Speaker 9: good idea. It's a new idea. So part of the
- 12:00Speaker 9: other scheme was the 5% deposits. That's exactly the same
- 12:03Speaker 9: as national scheme to encourage people into new homes. The
- 12:06Speaker 9: went the buy is a new idea. It's quite a
- 12:09Speaker 9: good one, but it's quite niche is the criticism I
- 12:12Speaker 9: would have of it, that it's just state tenants, not
- 12:15Speaker 9: all working renters.
- 12:17Speaker 2: And you presumably, because it would take you, what, 5,
- 12:19Speaker 2: 10 years to actually save up for a deposit on
- 12:22Speaker 2: a house at that, depending on where you live, I suppose,
- 12:24Speaker 2: and the value of the property. But you'd have to
- 12:26Speaker 2: be in a state house for a long time for
- 12:28Speaker 2: that to be realised, right?
- 12:31Speaker 9: Yeah, that's right. I guess it's a bit of an
- 12:33Speaker 9: incentive to stay in a state house and to stay
- 12:36Speaker 9: in that house, get your 5% deposit built up and
- 12:39Speaker 9: then buy it. So yes, it's an incentive for people
- 12:42Speaker 9: to say that.
- 12:43Speaker 2: And what about the, you mentioned the 5% thing, because
- 12:45Speaker 2: that is a national policy already. Well, it's a government
- 12:48Speaker 2: policy already. You can get this where you only need 5%
- 12:51Speaker 2: rather than the 20%. And the cap would be increased
- 12:55Speaker 2: on income from $ 150, 000 for two people to $ 300, 000 for
- 12:59Speaker 2: two people. Do you risk a sort of a negative
- 13:02Speaker 2: equity situation when you start offering these incentives? It's happened
- 13:05Speaker 2: a little bit in Australia.
- 13:08Speaker 9: Yeah, I guess you could say that. That is possible.
- 13:11Speaker 9: I mean, we are kind of expecting house prices to
- 13:14Speaker 9: start increasing, so you might not quite get that negative equity.
- 13:18Speaker 9: I mean, as incomes rise, as general inflation rises, you
- 13:22Speaker 9: might expect house prices to go up by 2% or 3%.
- 13:25Speaker 9: So that's probably not the biggest thing there. Another criticism
- 13:31Speaker 9: I would say of this policy is that they're going
- 13:32Speaker 9: to build three for every one that they sell. That
- 13:35Speaker 9: doesn't appear to be funded, so I'm not sure where
- 13:37Speaker 9: the money's coming for that. And if I was designing
- 13:41Speaker 9: a perfect scheme for labour, I would have said, hey,
- 13:43Speaker 9: why don't you make it for all working families, all
- 13:46Speaker 9: working people? So whether you're in a kanga or a
- 13:48Speaker 9: home or a private home, that you could get this
- 13:51Speaker 9: $ 100 a week deposit credit on top of your rent,
- 13:54Speaker 9: and that follows you wherever you go.
- 13:56Speaker 2: It might be a little bit expensive, do you think?
- 13:59Speaker 9: It could be expensive, Ryan, yes. But that's not my job.
- 14:03Speaker 2: No, no, you're just playing the let's hand it out
- 14:08Speaker 2: and win some votes card there, aren't you?
- 14:11Speaker 9: Well, yeah, I suppose you can say this is on
- 14:13Speaker 9: the money side. It's a giveaway money. It's not growing
- 14:15Speaker 9: the pie policy. But, you know, it's an interesting policy.
- 14:19Speaker 9: One of the issues with people buying a first home
- 14:21Speaker 9: is the deposit, and that addresses that issue. So in
- 14:24Speaker 9: that sense, it's quite good.
- 14:25Speaker 2: Matt Ball, Property Investors Federation, with us this morning. It
- 14:28Speaker 2: is 24 minutes after five. Good morning, Ryan. If you're
- 14:31Speaker 2: living in a state house on a subsidised income, how
- 14:35Speaker 2: are they going to be able to afford a mortgage?
- 14:37Speaker 2: It's typical Labour. Well, I suppose that's what they're trying
- 14:40Speaker 2: or attempting to help them with. Ryan, will the sale
- 14:44Speaker 2: of state houses be discounted at book value or at
- 14:47Speaker 2: market value, Mike? Good question, Mike. So what Labour has
- 14:51Speaker 2: said is that there will be a fair valuation done
- 14:55Speaker 2: at the date of purchase, and that's what whoever is
- 14:59Speaker 2: renting to buy will pay. 25 after 5, Newstalk ZB.
- 15:04Speaker 2: Newstalk ZB, it is 27 minutes after 5 this morning.
- 15:07Speaker 2: I cannot stay silent on this issue that has been
- 15:10Speaker 2: raised on the campaign. This comment, made by New Zealand
- 15:13Speaker 2: First candidate and former Defence Minister Ron Mark, is outrageous
- 15:17Speaker 2: and it is wrong.
- 15:18Speaker 10: The work of diversity, equity and inclusiveness has gone too far.
- 15:23Speaker 10: The sinking of a $ 100 million ship is evidence of that.
- 15:27Speaker 10: And soldiers with man buns, they don't scare anybody. We
- 15:30Speaker 10: need to restore the proud warrior ethos of the New
- 15:33Speaker 10: Zealand military.
- 15:35Speaker 2: Ron, Ron, Ron. There is nothing wrong with expressing oneself
- 15:40Speaker 2: via a tightly held and well-manicured man bun. Some call
- 15:46Speaker 2: them twat tops, douche doughnuts, head turds. They've been cool
- 15:50Speaker 2: a lot of things over the time, but a sign
- 15:52Speaker 2: of weakness?
- 15:53Speaker 9: Never.
- 15:54Speaker 2: Have you ever seen a Japanese samurai? Have you ever
- 15:57Speaker 2: seen a Norse Viking? Both elite warriors. Samurais fight with swords,
- 16:01Speaker 2: by the way, use them to literally chop off their enemies' heads.
- 16:05Speaker 2: These guys are tough. These guys are Pete Hegseth tough.
- 16:09Speaker 2: They're ruthless, they're clinical, but also a little bit stylish,
- 16:13Speaker 2: you know, which is quite nice. What about Jason Momoa?
- 16:17Speaker 2: Goodness me, they don't call him a Hollywood heavyweight for nothing,
- 16:20Speaker 2: do they? He's just bought a house in Queenstown worth
- 16:23Speaker 2: $ 15 million. Do you know what he paid with? Warrior cash.
- 16:28Speaker 2: That's Jason Momoa. He's a tough guy. And do you
- 16:31Speaker 2: know what he looked like doing it?
- 16:32Speaker 11: Amazing.
- 16:34Speaker 2: As anyone who's grown a bun or a top knot
- 16:36Speaker 2: knows all too well, it takes balls of steel to
- 16:39Speaker 2: stick it out through that awkward growth phase. Months of uncertainty,
- 16:43Speaker 2: of making a plan and sticking to it. You must
- 16:46Speaker 2: wake up each day to that clown mop atop your head,
- 16:50Speaker 2: look straight in the follicles and say, damn it, I
- 16:53Speaker 2: am who I am and I'm not changing. That's what
- 16:56Speaker 2: I call courage. That's courageous. That is the warrior ethos.
- 17:01Speaker 2: These warriors should be celebrated, not sidelined. 9292 is the
- 17:07Speaker 2: number to text. A lot of women find them quite fetching.
- 17:12Speaker 2: Yet Mackenzie, didn't take much for you to nod in agreement,
- 17:15Speaker 2: did it? 29 minutes after five on Newstalk ZB. We
- 17:18Speaker 2: are live to the UK on that terror plot at
- 17:21Speaker 2: the Air Force Base. We are also live to Callie Echold,
- 17:24Speaker 2: the head of today's OCR call by the Reserve Bank.
- 17:28Speaker 2: Will they hike? Will they hold? Surprising couple of people
- 17:32Speaker 2: in the Let's Hold Not Hike camp. Newstalk ZB.
- 17:42Speaker 1: The Early Edition Pulp Show Podcast on iHeartRadio. Powered by
- 17:47Speaker 1: Newstalk ZB. On your radio and online on iHeartRadio. Early
- 17:53Speaker 1: Edition with Ryan Bridge and Spark for Business. Technology that
- 17:58Speaker 1: keeps business moving.
- 17:59Speaker 2: Newstalk ZB.
- 17:59Speaker 3: 24 minutes away from 6, you're on Newstalk ZB.
- 18:10Speaker 2: It is OCR day today. Kelly Echol from Westpac joins
- 18:13Speaker 2: us before top of the hour. Also, we'll head to
- 18:15Speaker 2: the UK. Two guys involved in this terror plot have
- 18:18Speaker 2: been named. They are both British nationals, but they're accused
- 18:21Speaker 2: of helping the Iranians in all of this. So Gavin
- 18:24Speaker 2: will give us the details. Loads of your feedback coming
- 18:27Speaker 2: in on both the man bun and Labour's rent-to-buy scheme. Ryan,
- 18:31Speaker 2: is it the idea that people only stay in a
- 18:33Speaker 2: state house for as short a period of time as possible?
- 18:36Speaker 2: not encouraging them to stay for 10 years plus to
- 18:39Speaker 2: save part of their rent to buy a home. Ryan,
- 18:43Speaker 2: for every one vote that they have bought with this
- 18:45Speaker 2: housing policy, Labour has lost three. It's the end of Labour,
- 18:48Speaker 2: says Paul. And on the man buns, and Ron Mark
- 18:53Speaker 2: and his comments about the man buns, which I quite
- 18:56Speaker 2: frankly personally take offence to, man buns still makes you
- 19:00Speaker 2: look like a dick, says Brent. And this is from
- 19:04Speaker 2: Graham Ryan. A man bun is nearly a ponytail and
- 19:07Speaker 2: under every ponytail is an a-hole.
- 19:10Speaker 1: Ryan Bridge.
- 19:12Speaker 2: 23 to 6. Let's go to our reporters. Cullum in Dunedin. Morning, Cullum.
- 19:16Speaker 4: Morning, Ryan.
- 19:17Speaker 2: You've been looking at Trade Me's job numbers in Otago.
- 19:21Speaker 12: Yeah, and what it's showing is that job hunters here
- 19:24Speaker 12: are facing the lowest competition in the country. Trade Me's
- 19:27Speaker 12: latest job data reveals that nationally job listings rose 6.5%.
- 19:31Speaker 12: in the last quarter, with the South Island leading the
- 19:35Speaker 12: recovery up 15%. Trade Me Jobs GM Greg Cassidy says
- 19:39Speaker 12: about 21 applications are made for each South Island listing,
- 19:42Speaker 12: compared with 30 in the North Island.
- 19:45Speaker 2: But he says.
- 19:45Speaker 12: Competition varies, with Auckland Rolls attracting nearly 40 applications each.
- 19:49Speaker 12: That's almost three times as many here in Otago. Otago
- 19:53Speaker 12: also recorded the country's strongest annual pay growth, up 4.6%.
- 19:59Speaker 2: How's your weather?
- 20:00Speaker 12: Good to start with, fine, but then cloud increasing. Rain
- 20:03Speaker 12: tonight and a gusty westerly this afternoon.
- 20:07Speaker 2: All right, Callum, thank you for that. We just lost
- 20:09Speaker 2: him towards the end there. Let's go to Claire in Christchurch. Morning, Claire.
- 20:12Speaker 13: Good morning.
- 20:13Speaker 2: Now, youth homelessness, there's a new group starting or coming together.
- 20:16Speaker 2: Is it a big problem there?
- 20:17Speaker 7: Yeah, apparently a growing problem as well. We've got these
- 20:20Speaker 7: eight youth housing and support providers joining forces to form
- 20:24Speaker 7: a group called the Ototahi Youth Housing Alliance in order
- 20:27Speaker 7: to help tackle the problem. We've heard that five agencies
- 20:31Speaker 7: received referrals for more than 40 homeless young people in
- 20:35Speaker 7: the month of September alone. More than 30% of them
- 20:38Speaker 7: are Maori. Christchurch Methodist Mission Social Services and Youth Housing
- 20:42Speaker 7: Manager Eve Lafferty says almost 3,000 youth were experiencing severe
- 20:47Speaker 7: homelessness in the city in the last census. But she
- 20:50Speaker 7: says referrals from young people have surged in more recent
- 20:53Speaker 7: years to the point now where space just simply can't
- 20:56Speaker 7: keep pace. She says young people often become homeless after
- 20:59Speaker 7: a family breakdown, with some as young as 16 having
- 21:02Speaker 7: literally nowhere to go and staying in unsafe situations as
- 21:05Speaker 7: a result.
- 21:06Speaker 2: How's your weather, Claire?
- 21:08Speaker 1: Fine.
- 21:08Speaker 7: A bit of high cloud developing this afternoon northwest, at
- 21:10Speaker 7: least picking up, but we should reach 21.
- 21:12Speaker 2: Brilliant. Max, good morning to you. Good morning. Hey, great
- 21:16Speaker 2: story out of Masterton, or Wairarapa, wider Wairarapa, I should say,
- 21:20Speaker 2: about the garden gnomes.
- 21:22Speaker 14: Yeah.
- 21:23Speaker 15: So police in Wairarapa basically have finally solved something of
- 21:26Speaker 15: a crime spree after locals around the town of Masterton
- 21:31Speaker 15: started to notice garden ornaments going missing, particularly a few
- 21:35Speaker 15: hundred garden gnomes. Over the past six to 12 months,
- 21:39Speaker 15: a thief or thieves have been going around households taking,
- 21:42Speaker 15: and this is according to police, people's bird baths, outdoor furniture, gazebos, trolleys, windmills,
- 21:48Speaker 15: solar lights, children's wheelbarrows, metal birds, pot plants, statues, sculptures,
- 21:53Speaker 15: a concrete giraffe and even a few Buddha and 200
- 21:57Speaker 15: garden gnomes are also going missing from people's gardens. All
- 22:01Speaker 15: finally discovered by officers at one Masterton residential property. Nothing
- 22:07Speaker 15: from the cops about what sort of punishment this thief
- 22:09Speaker 15: or kleptomaniac or sprite might face. But police are urging
- 22:13Speaker 15: anyone around Wairarapa to come forward and collect their gnomes
- 22:16Speaker 15: and ornaments because they're all at Masterton Police Station clogging.
- 22:20Speaker 2: Up the building. It's quite funny. I actually think they're
- 22:24Speaker 2: quite hideous garden gnomes. Do you agree? They're kind of
- 22:27Speaker 2: up there with the plastic windmills. You know when people
- 22:30Speaker 2: put power shelves in their garden?
- 22:32Speaker 15: Yeah, very twee, very quaint and twee, isn't it? It's
- 22:35Speaker 15: probably a bygone era.
- 22:36Speaker 2: Tacky, cheap. Kitchy. Kitchy, that's it. How's your weather, Max?
- 22:41Speaker 15: Cloud increasing, norwesterly strong at times 15. Nice one, thank you.
- 22:45Speaker 2: Good morning, Neva.
- 22:46Speaker 4: What?
- 22:47Speaker 5: Power?
- 22:47Speaker 16: What about the powerhouse in Bluff?
- 22:49Speaker 14: Yeah, well, I mean.
- 22:50Speaker 2: Is that different? I guess it's a bit different because
- 22:52Speaker 2: they went all out. It was... The house was a
- 22:55Speaker 2: power show, you know? I suppose, yeah. But when you've
- 22:57Speaker 2: just got... You know when people do them in a border?
- 22:59Speaker 9: Yeah.
- 22:59Speaker 2: And I shouldn't say this because my.
- 23:01Speaker 1: Your nana?
- 23:01Speaker 2: My nana did, yeah. My grandma. She used to have
- 23:04Speaker 2: the border that was a power show.
- 23:07Speaker 13: Yeah, oh, bless Nan.
- 23:08Speaker 16: But I suppose it is that... No, I'll be ageist,
- 23:11Speaker 16: the elderly thing to do.
- 23:12Speaker 2: Or pumice. Is that terrible?
- 23:14Speaker 10: Pumice.
- 23:14Speaker 2: She'd go to the beach and get the pumice and
- 23:16Speaker 2: then line the garden with pumice. It's like, and then
- 23:19Speaker 2: she used to put the pumice in the shower too
- 23:21Speaker 2: as a sort of body scrub.
- 23:23Speaker 8: Oh, lovely.
- 23:23Speaker 16: I bet you turned up, you went, Nan, it looks
- 23:25Speaker 16: so gorgeous. But your inside voice was like, ooh, tacky, ooh, Nana.
- 23:29Speaker 2: Tacky, hideous, get some style, Nana. Old Premier Wayne Brown
- 23:33Speaker 2: releasing his full election manifesto this morning, even though he's
- 23:36Speaker 2: not standing.
- 23:37Speaker 13: Yeah, well, that's right.
- 23:39Speaker 2: Good old Wayne Brown.
- 23:40Speaker 16: Now, what he's saying is that, look, 100,000 people could
- 23:43Speaker 16: be living in the city centre if the settings were right.
- 23:46Speaker 16: So this is what he's wanting, what he's proposing, a
- 23:48Speaker 16: joint Crown Council approach to boost the residential population in
- 23:52Speaker 16: the central city. Now, how would you do that? He's saying, look,
- 23:55Speaker 16: his manifesto will include a new primary school in the
- 23:58Speaker 16: city centre and And he's even suggesting two possible options
- 24:02Speaker 16: for the school, the former police station on Vincent Street
- 24:05Speaker 16: or the site of the now-closed Kadima School that's on
- 24:09Speaker 16: Grey's Ave.
- 24:09Speaker 2: Oh, look at him. Very constructive.
- 24:11Speaker 16: I've got to say, didn't you? I'd heard you talking
- 24:14Speaker 16: about man buns and all that.
- 24:15Speaker 4: Oh, yeah, yeah, yeah.
- 24:15Speaker 2: You had one, eh? You used to have one.
- 24:17Speaker 3: Yeah.
- 24:17Speaker 2: Chopped it off years ago. Oh, right.
- 24:19Speaker 16: Was that at uni days?
- 24:21Speaker 2: No, no, it was actually while I was working. But
- 24:24Speaker 2: do you know what's funny?
- 24:25Speaker 13: Oh, you were not quite cool.
- 24:26Speaker 2: Do you know what's funny is all the comments people
- 24:28Speaker 2: are making about it. People with man buns make it
- 24:33Speaker 2: their entire personality, says this texter. And this other person
- 24:36Speaker 2: says the man bun is a pull start for an F-wit.
- 24:39Speaker 2: I thought that was quite good. How's our weather?
- 24:43Speaker 16: Mainly fine. Chance of an evening shower. So watch out
- 24:47Speaker 16: if you've got that man bun in there with the showers.
- 24:49Speaker 16: 19 to high here in Auckland.
- 24:50Speaker 2: Thank you, Neva. 17 to 6, Newstalk ZB. We're in
- 24:53Speaker 2: the UK next.
- 24:54Speaker 1: International Correspondence with NZI Insurance. Peace of mind for New
- 24:59Speaker 1: Zealand business.
- 25:01Speaker 2: Quarter to six, Newstalk ZB. We'll do the OCR with
- 25:03Speaker 2: Kelly Echol in a few seconds. First, we are going
- 25:05Speaker 2: to the UK. Our UK correspondent, Gavin Gray, joins us
- 25:08Speaker 2: because two British nationals have been charged over this alleged
- 25:11Speaker 2: terror plot. And there are links, potential links, to Iran's
- 25:15Speaker 2: intelligence service here. Gavin, what do we know?
- 25:17Speaker 14: Yeah, they've just appeared in court in the centre of London.
- 25:22Speaker 14: They're two 24-year-olds. One is charged with assisting a foreign
- 25:26Speaker 14: intelligence service. The other is charged with entering a prohibited
- 25:30Speaker 14: place for a purpose prejudicial to the UK.
- 25:33Speaker 4: Now, interestingly.
- 25:34Speaker 14: The latter charge there, entering a prohibited place, was some
- 25:38Speaker 14: weeks before the airbase, RF Fairford, had all that police
- 25:45Speaker 14: activity around in Gloucestershire. Now, a major incident was declared
- 25:49Speaker 14: there on the 27th of September, so a month after
- 25:53Speaker 14: the prohibited action as it is. was declared there after
- 25:58Speaker 14: three suspicious vans were seen near the U.S.-operated base. It
- 26:02Speaker 14: was a forward operating base for American bombers, B-1 and
- 26:05Speaker 14: B-52 bombers. America then withdrew its aircraft with Donald Trump
- 26:09Speaker 14: saying they were removed due to some threats to the
- 26:12Speaker 14: base without giving specific details. So One of the two
- 26:15Speaker 14: men in court today was arrested near the base. The
- 26:18Speaker 14: other one was related at another location and is not
- 26:23Speaker 14: thought to have been at the base at that time.
- 26:25Speaker 14: But yeah, quite an interesting turn of events. They will
- 26:29Speaker 14: now appear before the Old Bailey on the 20th of November.
- 26:31Speaker 2: And they're both 24 years old. One, Mahmoud Ahmed Abdul Karim.
- 26:36Speaker 2: and Noman Eskar. Do we know yet how they were
- 26:40Speaker 2: in connection or in communication with the Iranian intelligence service
- 26:45Speaker 2: at all? We don't.
- 26:46Speaker 14: We think that one of them was the assistant to
- 26:50Speaker 14: the other. The prosecutors are saying that one was an
- 26:53Speaker 14: assistant to the plot with Abdul Karim charged with helping
- 26:59Speaker 14: that plot. And indeed, he appeared in a wheelchair wearing
- 27:03Speaker 14: a check shirt earlier, confirming just his name and address.
- 27:06Speaker 14: They were both charged under the National Security Act at
- 27:09Speaker 14: this stage, Ryan. You know, as you know, with these
- 27:11Speaker 14: early court case hearings, you just get the bare outline
- 27:15Speaker 14: of the court charges. You don't really get much more.
- 27:18Speaker 14: I suspect we will hear more about that when they
- 27:21Speaker 14: go to the Old Bailey in a month's time.
- 27:22Speaker 2: We've had leaders from Norway and Finland on the blower
- 27:25Speaker 2: with Vladimir Putin. 90 minute call. What did we learn?
- 27:30Speaker 14: Well, not a huge amount of support from the rest
- 27:33Speaker 14: of the EU. Some saying we didn't really get any
- 27:38Speaker 14: acknowledgement from Norway or Finland that this was happening. So
- 27:41Speaker 14: some one or two quite angry European Union leaders said,
- 27:45Speaker 14: trying to sort of play it down as well. You know, OK,
- 27:48Speaker 14: that's OK. But others are saying, no, we need to
- 27:51Speaker 14: speak with a unified voice. And doing it this way
- 27:54Speaker 14: with these two leaders, a prime minister and a president
- 27:57Speaker 14: just going off on their own is not what we want. Indeed,
- 28:01Speaker 14: the leaders themselves have said their initiative was not on
- 28:03Speaker 14: behalf of Europe. After the call, however, Vladimir Putin said confrontational,
- 28:09Speaker 14: as he called it, EU and NATO policies were prolonging
- 28:12Speaker 14: the war in Ukraine. which, of course, began in 2022.
- 28:16Speaker 14: Vladimir Zelensky has praised and is grateful for the support
- 28:19Speaker 14: of his Finnish and Norwegian counterparts. And let's not forget,
- 28:22Speaker 14: Finland and Norway both border Russia. And it is said
- 28:27Speaker 14: that they want to talk further with Vladimir Putin over
- 28:30Speaker 14: the coming days and months. They say communication is the
- 28:34Speaker 14: best way. But I think one or two EU leaders
- 28:36Speaker 14: are rather feeling left out in the cold, thinking, hang on,
- 28:38Speaker 14: they're on our border as well, and we should have
- 28:41Speaker 14: been more informed and involved.
- 28:44Speaker 2: Gavin Gray, our UK-Europe correspondent. It is 10 to 6.
- 28:47Speaker 2: OCR day today. Odds on we'll get a 25 basis
- 28:51Speaker 2: point increase. That'll take us to 3%. We've got renewed
- 28:54Speaker 2: inflation pressures. We've got a weaker Kiwi dollar. Some are
- 28:56Speaker 2: expecting another hike in December and some even further another
- 29:00Speaker 2: hike in February. Kelly Echold, Westpac chief economist with us
- 29:02Speaker 2: this morning. Kelly, good morning.
- 29:03Speaker 1: Good morning.
- 29:05Speaker 2: Have you seen the comments from Shamabel Yacob? I mean,
- 29:08Speaker 2: he's one of a couple now who was saying, actually,
- 29:10Speaker 2: we should be holding not hiking. You look at labour costs,
- 29:14Speaker 2: you look at what the Reserve Bank has said was
- 29:16Speaker 2: going to happen, not happening. What do you reckon?
- 29:18Speaker 11: I don't really agree with this core argument because I
- 29:23Speaker 11: think Shamabelle and I probably have very different ideas about
- 29:25Speaker 11: where interest rates are going in a year or so.
- 29:28Speaker 11: But I would agree that today there's a very good
- 29:31Speaker 11: argument for the Reserve Bank to not lift the OCR
- 29:34Speaker 11: because all that's really changed in the last six weeks
- 29:36Speaker 11: is that the oil price has gone up $ 20- odd a
- 29:39Speaker 11: barrel and the exchange rate's gone down a bit. Both
- 29:41Speaker 11: of these things are quite variable. Both of these things
- 29:45Speaker 11: basically just move the very short-term inflation outlook and it
- 29:48Speaker 11: should be the medium-term inflation outlook that the Reserve Bank
- 29:52Speaker 11: should be focused on.
- 29:53Speaker 2: That's what they said at the very outset, right? The
- 29:55Speaker 2: second round is what we're watching for.
- 29:58Speaker 11: That's right. And so far, we haven't really seen a
- 30:01Speaker 11: lot of evidence that there's any second round impacts going on.
- 30:04Speaker 11: And actually, that seems to be the message around most
- 30:07Speaker 11: countries around the.
- 30:07Speaker 9: World as well.
- 30:09Speaker 11: But it is fair to say, though, that with headline
- 30:11Speaker 11: inflation heading over 4% and core inflation around 3%, There's
- 30:15Speaker 11: certainly going to be a bit of work to do
- 30:17Speaker 11: for the Reserve Bank over the course of the next year.
- 30:20Speaker 11: But I think we need to be sure that the
- 30:23Speaker 11: economy is going to be sustainably recovering. And also, we
- 30:27Speaker 11: have to keep an eye on where those long-term interest
- 30:29Speaker 11: rates are going as well. They've risen quite a bit
- 30:31Speaker 11: in the last six weeks or so.
- 30:32Speaker 2: So you reckon it's more of a lineball call today,
- 30:35Speaker 2: do you? I mean, the markets are saying 85% chance
- 30:37Speaker 2: they will hike. How would you describe it?
- 30:40Speaker 11: Oh, I think it's probably closer to a 50% chance,
- 30:43Speaker 11: to be honest with you. I mean, I think in
- 30:45Speaker 11: the end, the Reserve Bank will toe the market slide here.
- 30:48Speaker 11: They'll see it as probably too disruptive to disappoint markets,
- 30:53Speaker 11: especially given it's a week or so before the election. But,
- 30:57Speaker 11: you know, just because that's what they're going to do
- 30:59Speaker 11: doesn't necessarily make it the best idea.
- 31:02Speaker 2: David Seymour mentioned in his press conference yesterday that the
- 31:04Speaker 2: dollar's weaker because the election's coming and there's a chance
- 31:07Speaker 2: the government will change. Is there any truth in that?
- 31:11Speaker 11: Oh, I think it's a pretty marginal impact. I mean,
- 31:13Speaker 11: the New Zealand dollar has depreciated largely in line with
- 31:17Speaker 11: a lot of foreign currencies have done. One of my
- 31:19Speaker 11: colleagues did some analysis of how the New Zealand dollar
- 31:22Speaker 11: behaves around elections and didn't find a very strong, consistent effect.
- 31:27Speaker 11: So I don't really think it's the biggest factor.
- 31:29Speaker 2: Good stuff. Kelly Echolt, Westpac, 8 to 6, Newstalk ZB.
- 31:33Speaker 1: Before the news breaks, hear it first. Ryan Bridge on
- 31:37Speaker 1: early edition with Spark for Business, technology that keeps business moving.
- 31:42Speaker 2: News Talk ZB.
- 31:43Speaker 7: Six to six.
- 31:43Speaker 2: We mentioned yesterday President Lula getting a fourth term. This
- 31:47Speaker 2: is in Brazil. Investors very worried about that. And as
- 31:50Speaker 2: a result, you saw stock markets take a bit of
- 31:52Speaker 2: a tumble there yesterday because of his fourth term. They're
- 31:55Speaker 2: worried about public finances, the left-wing government running a budget
- 31:58Speaker 2: deficit of more than 9% of GDP at the moment.
- 32:01Speaker 2: And he's promising more handouts. And the currency fell 8%
- 32:05Speaker 2: against the dollar. That was the biggest drop, single-day drop,
- 32:08Speaker 2: since 1999. Mike's in.
- 32:12Speaker 11: The studio.
- 32:13Speaker 2: Good morning, Mike. Greetings, Ryan. Lovely to see you.
- 32:15Speaker 13: Guess what I've just been doing? I don't normally do this,
- 32:18Speaker 13: but guess what I've just been doing? Interviewing somebody is
- 32:22Speaker 13: the answer.
- 32:23Speaker 2: Guess who it is? Guess who it is?
- 32:25Speaker 13: It's Michael Douglas.
- 32:27Speaker 2: Oh, wow. Yeah. How old's he?
- 32:30Speaker 13: 81 or 82.
- 32:32Speaker 2: Cognos Mentis?
- 32:34Speaker 13: Very much the reason I raised this with you. So anyway, he's,
- 32:38Speaker 13: I don't know whether you've Notice, but he's done a
- 32:41Speaker 13: book and it's making global headlines and he had a
- 32:43Speaker 13: relationship with Kathleen Turner and they denied it.
- 32:47Speaker 2: Actually, I did see it. He finally admitted to the affair.
- 32:49Speaker 4: Exactly.
- 32:50Speaker 13: So there's a lot of that, none of which we
- 32:52Speaker 13: talk about.
- 32:53Speaker 2: Why not?
- 32:53Speaker 13: Well, because it's already been talked about. Why repeat the
- 32:55Speaker 13: same regurgitate? There's a problem with the world of media.
- 32:58Speaker 13: Everyone regurgitates the same stuff. Did you get something better
- 33:01Speaker 13: than an affair admission? I reckon I did. I recognize it.
- 33:04Speaker 13: I'll tell you what's fascinating about it. You're too young
- 33:08Speaker 13: to remember, although you shouldn't be. One Flew Over the
- 33:10Speaker 13: Cuckoo's Nest.
- 33:11Speaker 2: Do you know the story? Well, I know this movie.
- 33:13Speaker 2: He produced it.
- 33:15Speaker 13: And who did he want to put in that movie?
- 33:18Speaker 2: Don't know.
- 33:18Speaker 13: His father. They told him his father was too old.
- 33:22Speaker 2: And this story has never been told before? It's not.
- 33:24Speaker 13: To anyone? And who did he pick?
- 33:28Speaker 10: I don't know.
- 33:29Speaker 2: Who? Jack Nicholson.
- 33:30Speaker 4: Oh, yeah, right.
- 33:31Speaker 13: Jack Nicholson became famous.
- 33:32Speaker 2: Okay, so we could have that.
- 33:34Speaker 13: Anyway, the thing that fascinated me, apart from it was
- 33:36Speaker 13: Michael Douglas, and I've never talked to him before, is
- 33:38Speaker 13: his dates, times, and people. 82-year-old guy, we're talking back
- 33:42Speaker 13: to the 70s and the start of his career. It's
- 33:44Speaker 13: like unbelievable.
- 33:44Speaker 2: Excellent recollection.
- 33:45Speaker 13: It's like talking to an AI-generated robot.
- 33:47Speaker 2: Speaking of.
- 33:48Speaker 13: Which actually could have been.
- 33:49Speaker 2: And movies. I watched Terminator 1 and 2 on the
- 33:51Speaker 2: weekend because I'd never seen them before. James Cameron.
- 33:54Speaker 14: Yes.
- 33:54Speaker 4: Excellent.
- 33:55Speaker 2: Well, number two was much better. You like that? Have
- 33:57Speaker 2: you seen them?
- 33:58Speaker 13: I saw the second one because we interviewed the guy
- 34:01Speaker 13: who was the Terminator. What's his name? Can't remember his name.
- 34:03Speaker 2: Schwarzenegger.
- 34:04Speaker 3: No, no, no.
- 34:05Speaker 2: Oh, the new Terminator. Exactly.
- 34:06Speaker 14: Yeah, yeah, yeah.
- 34:06Speaker 2: They were great movies.
- 34:07Speaker 13: They were great movies. Anyway, none of that will be
- 34:10Speaker 13: on the program today.
- 34:11Speaker 14: Oh.
- 34:12Speaker 16: None.
- 34:13Speaker 8: What a disappointment.
- 34:14Speaker 2: No, exactly.
- 34:15Speaker 13: No, Michael Douglas is next week.
- 34:16Speaker 4: All right.
- 34:16Speaker 2: Good stuff. Mike Neese.
- 34:22Speaker 1: For more from Early Edition with Ryan Bridge, listen live
- 34:25Speaker 1: to Newstalk ZB from 5am weekdays or follow the podcast
- 34:29Speaker 1: on iHeartRadio.